PIG MARKETING

Timaru Herald, Volume CXLIII, Issue 20895, 26 November 1937, Page 18

PIG MARKETING

INTERIM PAYMENT WINTER SUPPLY The chairman of directors of ths New Zealand Co-operative Pig Marketing Association, Limited, Mr W. A. Phillips, announces that it has been decided to make the usual interim payment on aU pigs supplied on consignment from the beginning of the current season to October 31. This payment will reach suppliers within the next few days and will be as follows: Porkers: Exportable, all ranges, Id per lb; unexportable, aU ranges, id per lb. Baconers: Exportable and unexportable. 3d per lb. Choppers: Exportable, Id per lb; unexportable, Id per lb. These payments are exclusive of share credits and shareholders’ bonuses on qualified supply which are usually made with final settlement at the close of the season. Mr Phillips mentioned that while production generally throughout New Zealand was very backward this season, he was pleased to state that compared with the corr-s--ponding period last year the number of pigs handled by the company co which the interim payment would apply was approximately 1000 greater. WAITAKI FARMERS’ FREEZING COMPANY The annual report of the Waitaki Farmers' Freezing Company, Ltd., states that the stock dealt with for the last three seasons was as follows: 1935. 1936. 1937 Sheep .. .. 53,229 39,876 33,183 Lambs .. .. 326,069 334,350 320,992 379,298 374,226 354,175 The directors express their appreciation of the support accorded to the works during the season. After providing for depreciation and income tax there is a surplus of £9201/4/2, whici is allocated as follows: To pay a dividend of 6 per cent £5741/5/11, transfer to reserve account £5OOO. There was brought forward £2374/3/1 and if the proposed allocations are approved there will be a carry over of £934/1/4. The vacancies on the board caused by the deaths of Mr I. R. McCulloch and Mr R. W. Trotter were filled by the appointment of Mr W. E. Aubrey and Mr A. C. Inglis. The retiring directors are Messrs I. E. Austen. A. Mclnnes and D. Williams, who offer themselves for re-election, as does the auditor, Mr D. V. G. Smith. AUSTRALIAN MARKETS United Piess Association—By Electric Telegraph—Copyright (Received November 25, 10 p.m.) SYDNEY, November 25. The wheat market is weak in sympathy with overseas. New silo grain is selling round 4/7, with bagged a' ut 4/104. Flour £ll/10/-, bran and pollard £7, potatoes, Tasmanian, £4, others £3/10/-, onions, brown, £8 to £9, maize, yellow and white 4/9. AUSTRALIAN NEWSPAPER BUSINESS LAST YEAR’S INCREASED PROFITS Onlted Press Association—By Electric Telegraph—Copyright (Received November 25, 10 p.m.) SYDNEY, November 25. The Associated Newspapers, Limited, shows a net profit for the year of £238,365, compared with £184,551 last year. The dividend on both preference and ordinary shares in the past year has been increased from 6 to 7 per cent. Interim dividends of 4 per cent are being supplemented by a final payment of 3 per cent, the full distribution requiring £179,452. MINING NEWS By Telegraph—Press Association GREYYMOUTH. November 25. The Mossy Creek return was 440 z 7dwt for 114 hours’ work. The Goldfields Dredging Co. advises a return for the week of lloz 2dwt.