COMMERCIAL.

Press, Volume LXVI, Issue 20102, 4 December 1930, Page 14

COMMERCIAL.

(CONTINUED.) butter market. discussion of prices. (P81.3S ASSOCIATION TISLEGKA.IM DUNEDIN, December At a meeting of dairymen this afternoon to consider tho question ol wap's paid to factory assistants and other matters affecting the farming indu«try, Mr John Christie said he would like those present to consider the cause of tho difference in price paid in England for New Zealand butler us compared with Danish. He said that at tho present time there was a difference of 30s per cwt. in the price in butter lrom the two countries ami that previously it used to be only His or 12s per cwt. There was something wrong fromeu here. It had been sai<l that the difference in the price was a result of tiie hardness in New Zealand butter.

The chairman of tho meeting, -Mr A. \V. Amos, said he was afraid that it would he a hard thing for them to work out a solution, as they wore mostly interested in cheese-making Mr Christie moved: ''That wc communicate immediately with tho Dairy Produce Hoard and ask it for an explanation why the great difference in the price of the two butters lias occurred." Mr K. Waito, M.P., said that :>dvico had been received in Yv'ellingtmi that the cause of the trouble was the heavy stocks of New Zealand butter in oold storage, these having been cariied over for a long time. New Zealand butter was stored and Danish butter was fresh. Although complaints of bad trade and depression were neral, the consuming public in England was prepared to pay 3d per lb n.ore for Danish as compared with New Zealand and Australian butter. The motion was carried. BURN-SIDE MARKET. DECLINE IN VALUES. ■ I'IU;.9S ASSOCIATION TKLKG P.AU.) DUNEI>IN, December .'I. There was a derided slump in all sections at the Fiurnsidc rale to-day. This was inninly due to the exceptionally entries and the fart that farmers nre an.\ious to turn their stock into cash. Tho slump in priet-s was the moat noticeable Keen at Hurnnide for f.ome time pant. Kut cattle and t-.heep buffered the most, tin* extent of the drop in values for both classes being phenomenal. Kat CattU The entry comprised head. All qualities were represented, including a few extra prime animal* and a sprinkling of medium oorttt. There was little life in the competition, and priced showed n drop from Dob to 40s per head. Heavy bullocks made up to £2O, medium to £lB, light to 10s, heavy heifero to £ll 10s, and heavy cows to £l2.

Pat Sheep—The entry consisted of 3700 head, with ewes predominating. About half of the entry consisted of ahorn sheep, while a few pen» of wethers in the wool and a number of medium light wethers and aped ewes made up the balance of the yarding. The drop in prices all round ranged from 4s to 6b per head. The best line of shorn wethers was of extra choice quality, and sold from 30* to 35» 3d por head. One pen of choice ahorn wethers averaged from 28s to 33a. The remainder of the shorn sheep sold from 20b to 25«. The best of the woolly wethers sold from 34k to 3Gs. "Light sheep in the woo! were sold from 25k to 28b. Prices all round for shorn wethers wero equivalent to 4Jd per lb, while ewes were worth 23d and HJd per lb. Fat Lambs—About 550 were offered. The entry was of fair to medium quality, with a number of extra heavy lambs. The drop in values was fully 2k Ort per head. Prime lambs sold to 24s f>d, medium to 21s, and light to 17n. The price for prime lambs was equivalent to about 8d per lb. Store Cattle—The entry comprised nearly 400 head. There were a few pens of good quality animals, but the bulk of the yarding war; made up of plain sorts. There was littlo life in the market, and prices declined to the extent of nbont £1 per head. Good three-year-old bullocks sold up to £lO 10s, and medium two-year-olds to £f> 7s fld. A few light steers brought about £6, and cows from £5 to £B.

Piers—The entry consisted of 148 fats and 115 stores. Porkers and haconors met with a drnfTjfins sale, nnd prices showed ft drop of fully 7« Gd y>or while store pi were easier. Prime hp.conors sold at prices equivalent to and prime to T2<l per lb.

JOHNSON VILLE STOCK SALE. LTiIE PRESS Special Service.] WELLINGTON, December 3. At the Johrsonville salo, a full yarding of all classes of stock was submitted. Tiu* cattle comprised quality bullocks with a few pens oF prime heavy-weights. Competition was good at reduced limits, bullocks showing a decline of from 10s to 15s per head as compared with last week's rnto?. The sheep offered were of good quality mid met with keen competition. Prices showed a decline of la per head, while lambs were on a par with last week's rates. Prices realised were:—Heavy bullocks. £l6 5a to .£l6 173 Gd, prime £l4 15s to £ls 15m, medium £l.l 5s to £l4 ss, light £l2 to £l3; cows, £8 17s Gd to £9 15s; venlers, 27s Gd to £5 10s; heavy wethers, 19s 5d to 219 6d, medium to 18s Bd, light and unfinished to 17* lOd; heavy ewes, lis to 13s, medium 10s to 10s 8c?: lambs, 13* fl<! to 19c sd, TEMUKA STOCK SALE. ' Mutton prices slipped by about 4s a head for ewes at the Temuka stock sale, but wethers dropped only Is to 2s. The sale for cattle, particularly fat sorts, was exceptionally bright, considering that there was a large entry of fats. Thore was a small entry of ptgs, and prices were good. Principal sales were as follows: Fat Ewes (shorn)—l3 at lis 7d, 13 at Bs, 6 at 9s, 10 at 15s 9d, 13 at 12s' Gd. Fat ewes (in the woo!) : 4 at 24s 9d, 9 at 9s 6d, 8 at 12s. 14 at 15s lid, 7 at 12s Id. 7 at 16s, 5 at 8s 9d. Fat Wethers (shorn) —7 at 19s 6d. 2 at 20s, 25 at 16s Gd, 4 at 20s 3d, 24 at 17s, 25 at 10s, 6 at 16s 3d. Hoggets—l 7 at 8s 2d, 17 at 10s, 18 at 8s 2d, 21 at 0s 3d, 15 at 18s, 39 at 17s 9d, 18 at 18s 3d. Fat Cows—2 at £ll ss, 3 at £8 12s Od, others at £ll 7s Gd,. £9 ss, .€9 17s 6d, £ll 10s, £ll 12s 6d. £8 12s 6d, £9 12s Gd, £9, £9 ss, £lO 7s Gd, £lO, £8 17s Gd, £l3, £9 ss, £lO 15s, £8 12s 6d. £5, £6 ss. £lO 10s, £6 10s. Fat heifers at £lO 12s 6d, £7 2s Gd, £5 7s Gd, £7 ss. £6 ss. £7 15s, £6 7s fid. Fat steers at £l4 2s 6d, £8 ss, £8 17s 6d, £l4 l'Os, £9 7s 6d, £l4 15s, £ls 17s Gd. Aged cows at £4 10s, £7 10s, £7 5s £7 2s Gd, £5. Dairy cows; at £G, £6 7s Gd, £7 5s £7 17s Gd. Store cows at £5 10s and £3 2s Gd. Pij>s—Weaners from 22k to 31s, small stores 30b to 375, light porkers £2* 5s to £2 7s 6d, larger porkers £2 10s.

MT. LYELL COMPANY.

comparative figures. Figures of tho operations of th» pany for tho past year were C ° m ~ contly, but tho following I#b , w>interesting comparisoni. Provide somo

During tho |m.-u your the issuer! „ -.J was increased t« XI 550 OOli V !!" • 200.805 shares „£ ii each at LJ Th«"° was offered in June, at which time the " slump wus not nn ncute n « it I metal months later. Tho ordinary* .ham'wi." ' soliumat 2Us <)d and the directors had ' no difficulty i)i disDosm" of Mw. /,,n • Tl ° i. „ j " r » or tlle full issue Thp new sh.ires do not rank for dividend till next .June, but tiicy win , )f , tute an ftdd itional churui' umui 1. < onstitl.P current year Kesorves at .£1,430,028 Ire ..thin luraf-'ureable di: ; ,a 11C e , t tJle VJd Tho report. include* t. statement i,y the chairman of"""dVreTtorn, uts well ay n rrporl on mijiiri" oncn Hons bv the general manager. I-'rom "the b-d' fVh wl'T'i'ZTh* "" fl thm> *•« the follow l.i.i, ' iieen Koleetcd: ,! ! 2S - I»af 193*0. 1 £ Melius .. 2 87,1 51 '2 80.799 222 195 Hook debt/; .. -402,713 52 :j:js 2l\rt Storks, etc. .. 353,114 1 :»7*57*0 lc-l'^B7 Cashj, etc. 1,012,1)78 482,148 489,000 Inabilities 401,523 IiI.SIJO 36,093 Liquid surplus 041,455 420,609 453 507 Mino property nnd rights 505,042 505,012 505 042 Works, ' l»lnnf, etc. J.oriS.eoi 522,10.8 559,761 Shares in other rnmpan ies 204,444 1,.'*«2.!>08 1 i r >o 170 Total asset!; 3,131,412 2,893,882 3.000,372 DALGETY AND COMPANY.

{VNITISD PRESS ASSOCIATION— BX ELECTRIC TELEGRAPH—COPYRIGHT.) LONDON, December 2. Daigoty and Company's shares are quoted at £7 l£3tt; debenture stocks, 175* 10k. SILVER. i imiritfH OFFICIAL WIRELESS.) KUCi BY, December 2. Silver ia quotod undftr: Spot, 10 I-lGd per ounce; forward, 16d per ounce.

Net, •^ividena I'rofit:;, I'.c. Reserves. X ID-J 01,830 X 1 921-2 lli7,4» 1 *7 1.146,421 lOU.'S 151,00:'. io 10 Hi 11! 1,354,281 LS>1M. J 5 1,18174,605 1,392,081 11) 2 f» 1.431,499 lii'16 ! 71,HI;I 1,481,5118 Xi)21 l,292,Baj VJ2* «M>,(/5 I ■VJ 4,1 2 8 1.340,003 192 9 1,394,007 I0'<0 iyj,i7« 10 i tl C J1 tl T>ni 1.541,470 Tli<* a: lount the di\ 1,430,923 A was XIVV/JVJ. «aat year