FINANCE AND COMMERCE

Taranaki Daily News, 21 November 1932, Page 12

FINANCE AND COMMERCE

FROZEN MEAT IN LONDON NUMEROUS RISES RECORDED. QUOTATIONS FOR PAST WEEK. By Telegraph—Press Assn.—Copyright. Rec. 6.30 p.m. London, Nov. 19. The weekly quotations for the undermentioned classes of ' frozen meat are based on actual sales of wholesale quantities of carcases of mutton or lamb, or of quarters of beef delivered to Smithfield market and/or ex London stores. They are compiled by tire quotations committee, Smithfield. To arrive at the equivalent ex ship values add one farthing per lb. to the values ouoted below. Quotations given represent an average for . the week, and are not for selected lines, but for parcels fairly, representative of the bulk of shipments now on offer. Previous quotations are in parentheses:— New Zealand sheep: Canterbury and North Island selected crossbred wethers and maiden ewes, 48 to 561 b., 4Jd. (3 7-8 d.); 57 to 641 b-, 4 l-Bd. (3 5-8 d.); 65 to 721 b., 4d. (3 3-8 d.); North Island ditto, 48 to 561 b., 4 l-Bd. (3 l-8d.); 57 to 641 b., 4d. (3d.); 65 to 721 b., 3 7-Bd. (2 7-8 d. ewes, under 481 b., 3 5-Bd. (3 l-8d.); 48 to 641 b., 3 l-Bd. (23d.); 65 to 721 b., 3d. (23d.). Australian sheep: First quality crossbred and/or Merino wethers, 40 to 651 b., 3Jd- (23d.); second quality, 30 to 551 b., 33d. (23d.); ewes, 30 to 551 b., not quoted.

Argentine sheep: First quality crossbred wethers, 48 to 641 b., 3|d. (3d.); 65 to 721 b., 3Jd. (2|d.); over 721 b-, not quoted. Patagonian sheep: Wethers and maiden ewes, under 501 b., 3 5-Bd. (3d.); 50 to 601 b., 3.3 d. (2<d.); ewes, 40 to 501 b., 3 3-Bd. (2Jd.). New Zealand lambs: Canterbury, 361 b. and under, 7d. (6Jd.); 37 to 421 b., 6d. (s|d.); 43 to 501 b., 53d. (41 d.); second quality, average 301 b., 5Jd. (4fd.). Other South Island brands, 361 b. and under, 7d. (6d.); 37 to 421 b., 5 7-Bd. (5d.); 43-to 50 lb., sd. (4Jd.). Selected North Island brands, including Downs, not quoted; second quality, average 301 b., sfd. (43d.). Other North Island brands, first quality, 361 b. and under, 53d. (54d.); 37 to 421 b., 6|d. (4jd.); second quality, average 301 b., 53d. (4Jd.). Australian lambs: Victorian, first quality, 361 b. and under, 63d. (5 3-8 d.); 37 to. 421 b., 53d. (4 7-Bd.). Other States, first quality, 361 b. and under, 5 3-Bd. (4fd.);*37 to 421 b., sd.' (4 3-Bd.). Victorian, second quality, 361 b. and under, 5 3-Bd. (43d.). Other States, second quality, 36 lb. and under, sd. (4 3-Bd.). All States, third quality, 53d. (43 d.). Argentine lambs: First quality, 361 b. and under, 6d. (5d.); 43 to 501 b., 53d. (4fd.). Patagonian lambs: First quality, 361 b. and under, 43d. (4d.); 37 to 421 b., not quoted; second Quality,' average 301 b., 4 3-Bd. (3fd.). New Zealand frozen beef: Ox fores, 160 to 2201 b., 3d. .(2 3-8 d.); ox . hinds, 160 to 2201 b., 3 7-B<L (2 7-Bd.). Australian frozen beef: Ox crops, under 1001 b., 3 l-Bd. (25-8 d. over 100 lb., 3jd. (2?d.); ox hinds, under 1601 b., 4d. (3fd.); over 1601 b., 4 l-Bd. Argentine chilled beef: Ox fores, 160 to 2201 b., 4d. (3?d.); ox hinds; 160 to 2201 b., 6Jd. (6d.). New Zealand pigs: First quality, 60 to 1101 b., average 901 b., 5 3-Bd. (5d.).; 11l to 1201 b., 5 l-Bd. (43d.).

s Australian pigs: First quality, 60 to 110 I lb., average 901 b., 5 3-Bd. (5d.); 11l to : 1201 b., 5 l-Bd. (43d.). Other quotations are unchanged. : E.S. & A BANK PROFITS. ’ Rec. 5.5 p.m. ■ London, Nov. 19. The English, Scottish and Australian Bank profit is £147,719 and the amount brought forward was £29,7,134. To reserve £15,000 will be devoted, and to the officers’ provident fund £5OOO. The amount to be carried forward is £274,854. SHAREMARKET TRANSACTIONS. Dunedin, November 19: Sales on exchange; Nokomai, 6s. 3d. (five parcels), 6s. 4d. (two parcels). Reported sales: Okarito, 9s. 2d. Auckland: Bank of New Zealand, 455. 7d.; New Zealand Insurance, 435.; South British Insurance, 565.; Auckland Gas (cont.), 155.; Australian Glass, 405.; British Tobacco, 30s. 9d.; Golden Dawn, ss. 3d.; Waihi, 18s. Bd.; Waihi Grand Junction, 3s. 7d. PUKEKOHE POTATOES. Pukekohe, November 18. H. H. Pattie, Ltd., report: Potatoes, Monday’s delivery, 6s. to 6s. 6d. small bags. EGG AND POULTRY PRICES. RATES AT NEW 1 PLYMOUTH. Prices for eggs ruling at New Ply- . mouth last week Were:— d. d. First grade hen eggs ......... 9| to 10i Second grade ................. 9 Mixed 9 to 10 Duck eggs ................... 9 to 9g At the last poultry sale conducted at New Plymouth by Messrs. L. A. Nolan and Co. there was a fair entry and prices were: Hens Is. 6d. to 2s. 2d., cockerels Is. Id. to 2s. 3d., pullets, chicks Is. to 2s, 6d., chicks Is. to 25., bantams 6d. to Ud., turkeys 3s. 6d. to 6s. 6d., ducklings Is. to Is. 4d. STRATFORD AUCTION SALES. PIG AND POULTRY PRICES. A total clearance of a good yarding of . pigs was made at Newton King, Ltd.’s, . haymarket at Stratford on Saturday. Prices were: Weaners Bs. to Ils., small stores Us. 6d. to 3s. 6d., good stores 14s. , to £1 os. 6d.

The poultry sale saw a good attendance and a complete clearance, prices being: Hens Is. 7d. to 2s. 7d., bantams 9d., cockerels 7d., hens and crickens 6s. 9d. to Ils. 6d., geese 2s. to 2s. 6d., pullets 25., duck and ducklings 4s. to 75., roosters 9d. to 25., broody hens 2s. 3d. to 35., ducks Is. 3d. to Is. 7d. A quantity of second-hand corrugated iron was sold at Is. and Is. Id. a sheet. Posts made Is. Id. each and battens 10s. per 200 lot. TWATTC.Tr.FVTT.TJP! T.W COMPANY, DIVIDEND 6 PER CENT. Masterton, November 18. “The year under" review has, like the preceding one, been most difficult, although the total of our sales is only some 500 tons below the 8800 tons which were put out last year,” state the directors of the Mauriceville Lime Company, in their 16th annual report. “This is due, doubtless, to the realisation by farmers of the value of lime as an aid to production, and to the reduced price and increased allowances which enable shareholders to buy at as low a price as 12s. 3Jd. per ton. An increased turnover is very much to be desired. The works ate capable of an output' of about 90 tons per day, and if the output could be brought up to 15,000 or 20,000 tons per year, not only would the balance of the profit and loss account improve, but it is possible that a further reduction could

be made in price. The net profit fro™ the lime business, after providing £s9b for depreciation, was only £233, but the company’s investments earned a further £456, so that £689 has been added to the appropriation account, which shows a balance of £2409. Your directors recommend the payment of a dividend o_ 6 per cent, on the paid-up capital. Under the articles of association Messrs. Campbell, Gray and Marshall retire from the board, but‘are eligible and offer themselves for re-election. Mr. G. W. Sellar, the retiring auditor, offers his services for a further term.