Business Gossip

Sun (Auckland), Volume I, Issue 162, 29 September 1927, Page 15

Business Gossip

London Tallow Market. —Under da.te September 28, the London office of Dal■get.y and Co., Ltd., cabled as follows: Tallow: 1,050 casks of tallow offered and 33 per cent, sold Prices are 6d lower. Inferior Is lower. Fruit Export Guarantee. —New Zealand exporters of apples and pears this year are to receive a guarantee of :Los per case. Last season the Government’s guarantee was 11s 6d per case and even at this figure the board announces that no call will be made for loss to shippers. Companies Registered. —Three private companies were registered in Auckland yesterday. Details are as follow: The Globe Investment and Finance Company, Ltd. Objects: To acquire land and construct buildings, etc. Capital: £5,000, in £1 sharers. Subscribers: D. J. Kerruish, 4,998 shares; H. A. Kerruish, two shares. T. Deane Construction Company, Lid., building contractors, , etc. Capital: £5,000, in £1 shares. Subscribers: T. Deane, 4,988 shares; A. F. Burns and W. McAra, five shares each; B. Beckerleg and T. E. Henry, one share each. The Akarana Fibrous Plaster Works, Ltd. Capital: £SOO, in £1 shares. Subscribers: R. J Baker, T. E. Tate, H. P. Taylor, G. A. Dowling and J. H. Langley, io.O shares Butter and Cheese. —A. S. Paterson and Co., Ltd., are in receipt of the following cable from their London principalsButter, firm, 182 s to 184 s; cheese, quiet 103 s. The company reports the butter market to be keeping firm and steady a t between 182 s and 184 s, and the market position is described as a strong one, with a possibility of a further appreciation in values in the near future. In regard to cheese, the company reports that advices have indicated a quiet market during the past -week, but this quietness apparently does not carry any suggestion of weakness, as prices have, if anything, appreciated slightly during the last week or ten days. Joseph Nathan and Co. report butter quiet at 182 s; cheese firm at from 104 s to 105 s. Thames Gas Company. —After making provision for depreciation and maintenance, the profits of the Thames Gas Company for the year ended Julv 31, 1927 amounted to £495. This, with £1,041 brought forward from last year, makes a total of £1,536 available for distribution. The directors recommend the payment of a dividend of lid a share, leaving £l,OBl to be carried forward. arsets shown on the balance sheet include plant, „Y£ eh ? ld Property, etc., £6,388; v£’o j loans and accrued interest, £5,572: debtors, £532; cash at bank, £452. Principal liabilities include capital £11,422; reserve account, £259; and creditors, £ll6. The annual meeting of shareholders in the company is scheduled for October 4. The retiring director, Mr H W. Atkinson, offers himself for re-election! MINING NEWS HAURAKI CONSOLIDATED. The manager reports: “The crosscut at the 400 ft level has been advanced 20ft for the week, making the total distance from the new reef 264 ft. The country is tighter and requires more holes to the round, but is still of the same favourable description for gold. The Cameron pump will be lowered into the sump today and everything is ready for pumping out preparatory to sinking.” COUNTRY SALES The New Zealand Loan and Mercantile Company report holding stock sales during the week at Westfield, Kaukapakapa, and Whitford; also special pig sales at Pukekohe and Waiuku. Values at all sales were on a par with Westfield rates. The firm quotes:— Best dairy cows and heifers, £lO to £l4 15s; other do., £6 to £9 15s; aged cows and inferior heifers, £2 10s to £5 15s; bulls. £3 3s to 20 gns., according to age, breed and quality; empty cows, £2 1 - s £4 10s; y ear ling heifers, best, £3 £1 10s to £3 10s; yearling to IS-montb» steers, £2 15s to £4 ss; 2 to 2*-vear steers, £4 iOs to £5 ss; 3 to 35 do., £5 7s to £6 2s 6d; 4 to 45 do., £6 5s to £7 2s Od; grown steers in forward condition. £i 5s to £8 2s 6d. LONDON MARKET Mr. G. Paviour-Smith has received the following cabled market report from his ' London principals, the Anglo-Continental Produce Company, Ltd., dated September j “Market firm. Butter, lS2sj 184 s Cheese, i 1045.” The price quoted for cheese indicates aj rise of about 2s.