COMMERCIAL

Taranaki Daily News, 25 July 1929, Page 20

COMMERCIAL

SHAREMARKET TRANSACTIONS. Wellington, July 24. —Reported sales: Bank of New Zealand, 61s Cd; Union Bank of Australia, £l5 Ils 6d; New Zealand Insurance, 48s. Sales cm Exchange: Staples and Co., 55s 9d. Christchurch, July 24.—Sales on Exchange: Bank of Adelaide, £lO Is 6d; National Mortgage, 86s 6d; New Zealand Refrigerating Co. (10s paid), 7s 4d (two lots); Electrolytic Zinc (pref., cum. div.), 38s 2d; Kauri Timber, 17s 9d; Mt. Lyell, 42s lid, 435; Mahakipawa, 5d (two lots); Winding Creek (6s paid), Is 6d (four lots). Reported Sales: Kaiapoi .Woollen (17s paid), 14s id. Dunedin, July 24.—Reported sales: Mt. Lyell, 435; Kaiapoi (ordinary), 14g Id. Sales on Exchange: Milburn, 38s 9d; Kildare, 5s 6d, 5s 7d. DAIRY PRODUCE MARKET. The butter market is quiet at 172 s to 1735, and cheese is quiet at 93s for coloured and 90s for white, states advice received by the Anglo-Continental Company. MEAT FROM SOUTH AMERICA. The New Zealand Meat Producers’ Board has received a cable from its representative at Buenos Aires, South America, advising the following shipments to the United Kingdom for the fortnight ended July 16', 1929, from Argentine and Uruguay (the figures do not include exports from Patagonia, Chile or Brazil): 214,050 quarters chilled beef; 4350 quarters frozen beef: 65.454 carcases frozen mutton; 94,590 carcases frozen lamb. The quantity shipped to the Continent of Europ: during the same period was as follows: 47,200 quarters frozen beef; 8600 carcases frozen mutton; 1670 carcases frozen lamb. STOCK PRICES AT HAMILTON. LATE RATES MAINTAINED. Hamilton, July 23. The weekly stock sale at the Frankton yards to-day attracted a large attendance. There was a medium yarding of beef, an average yarding of sheep, and an average yarding of pigs. All quotations were on a par with the previous week's rates. The auctioneers report as follows: — New Zealand Loan and. Mercantile Company, Ltd: Fat bullocks, £l6 15s to £l7; fat cows, £9 to £11; lighter cows, £6 18s to £7 10s; fat wethers, 37s to 38s- fat ewes, 22s to 25s 2d; wether hoggets, to 24s 3d; heavy baconers, £3 8s to £6 12s; heavy porkers, £2 15s to £2 18s; others, £2 4s to £2 6s; stores, 27s 6d to 355. Farmers’ Co-operative Auctioneering Company, Ltd.: We had an average yarding of beef, store cattle and sheep. Bidding was brisk, and late rates were maintained throughout. There was a rrood yarding of pigs, consisting mainly of stores and slips, which sold readily at increased prices. There was also a good offering of bobby calves, and these sold at increased prices. We quote: Li"ht fat steers, £lO Ils; fat cows and heifers, £9 5s to £lO 12s; medium fat cows, £7 17s to £9; light, £6 7s 6d to £7 12s 6d; forward cows. £5 2s 6d to £6 3s; store cows, £3 10s to £5; boner cows, £2 12s 6d to £3 3s; forward conditioned steers, £9 4s; small steer calves, £2 to £3 19s; heifer calves, 345; fat and forward wethers, £1 10s 6d; fat hoggets, £1 5s 3d to £1 12s; o-ood conditioned hoggets, £1 3s to £1 3s lid; fat ewes, 27s 6d; good-framed store ewes, 19s to 225; backward ewes, 255; bobby calves, 9e to 14s; small, 6s to 8s 6d; medium baconers, £3 10s to £3 14s; light baconers, £3 3s to £3 7s; heavy porkers, £2 18s to £3. 4s; medium porkers, £2 8s to £2 12s; light, 38s to £2 2s ; slips, 21s to 255; weaners, 9s to 18s. G. W. Vereoe and Company, Limited: Fat extra prime heavy cows, to £l3 3s; lioffit fat cows, £6 10s to £7 14s; fat heifers, £5 Ils to £7 14s; prime fat wethers, 37s 3d to £2; extra prime heavy fat- ewes, 30s 9d to 365; heavy fat e\ves. 25s 6d to 30s; medium baconers, to £3 10s; porkers, 30s to £2 7s; stores, 23s 6d to 32s 6d; good weaners, 14s to 22s 6d; bobby calves, 7 s to ]7s.

LONDON WOOL SALES IMPROVED.

LAST DAY OF SERIES BEST.

By Telegraph—Press Assn— Copyright. London, July 23

The wool sales have closed. The catalogues included 101.146 bales and it is estimated tin.' they sold as follow: Home, 31.000 bales; Continent, 43.500 bales; held over, 58,500 bales. The last two days were the best of the series and there was a little better competition. The second week showed an improvement over’ the first. Merinos were 74 to 10 per eefit. below last series. Withdrawals were fairly heavy throughout. There is slightly improved confidence that the prices for the raw material have reached a fairly safe level. To-day’s offerin? was 10.065 bales, including 2123 from New Zealand. WHITCOMBE AND TOMBS. ISSUE OF BONUS SHARES. Dunedin, July 23. The directors of Whitcombe and Tombs, Limited, have resolved that the sum of £16,125 out of the reserve fund be distributed as a dividend in the form of 6450 bonus ehares of £5 each, issued as paid-up to . £2 10s a share, among the holders of the shares of the com-

pany registered on July 19 in the proportions of two bonus shares for every 10 shares upon which £5 a share has been paid, and one bonus share for every snare upon which £2 10s a share has been paid.

No fractions of shares will be issued. Shareholders may either accept bonus shares or renounce them and accept payment in cash, or renounce in favour of a purchaser.

The company’s capital now comprises 1500 shares paid to £5 and G 1,500 shares paid to £2 10a, a total of £161,250. With the proposed addition, there will be 67,950 shares paid to £2 10s, and the paid-up capital will be £177,375. There are also staff shares representing £6267. The reserve fimd at August 31, 1928, was £50.000. Dividends in recent years have been at the rate of 8 per cent., of which 3 per cent, has been paid in March and 5 per cent, in October. In February, 1920, the company capitalised £64,500 of reserves, issuing 32,250 shares paid to £2, on which shareholders paid 10s, making the bonus shares paid to £2 10s.