LATE COMMERCIAL

Sun (Auckland), Volume I, Issue 179, 19 October 1927, Page 13

LATE COMMERCIAL

EASIER TONE IN CATTLE MARKET

WESTFIELD VALUES BIG SHEEP OFFERING Generally, the tone of the market was easier in the beef sections at Westfield to-day. Especially was this the case in regard to cows and heifers. Bidding lacked spirit. A not over-heavy yarding of beef came forward to a restricted attendance of buyers. The quality of the offering was fair, though in the female section few straight-out lines of extra choice wellfinished animals were seen. W. Voeper. of Cambridge, was respon■iHe for the best offering of the day. Several trucks of well-finished steers on account of this grazier made from £ll 17s 6d to £l3 10s. Top priee of £l3 12s i>d was secured for a pen of two choice prune, not exceptionally heavy beasts, on account of W. W. McLaughlin. Compared with last week the market opened slightly easier, but firmed toward tho close. Thus, though the market h;ul an easier tone, there was little quotable change in regard to actual average prices. Heavy prime ox beef made from £l- - to £l3 12s 6d: medium prime, £lO 10s to £ll 17s tid; light and smaller framed. £8 12s 6d to £lO 7s 6d; small and unfinished from £7 15s. Several lines of cows were passed m and bidding, considering the fact that there was only a normal yarding, was spiritless. Straight-out lines of choice well-finished beef sorts were well in minority and dairy strains, apart from actual beef breeds, were largely in evidence. For the choicest lots of young animals there was a firm demand but for mediocre and unfinished sorts the. market was erratic and generally easier. Choice well-finished big-framed heifers made to £lO. Extra heavy old cows made to £9; smaller prime young cows and heifers made from £6 5s to £8 ss; small prime cows and heifers made from £5 10s to £6; other unfinished and small dairy sorts were not wanted, and brought considerably easier values.

DIVIDEND OF 2/3

SHARES PAID UP FROM RESERVES

SOUTH BRITISH COMPANY

The directorate of the South British Insurance Company proposes to capitalise reserves to make' the present 15s paid shares fully paid up. The subscribed capital is held in 1,031,640 shares, so that there will be a distribution of £257,910. A notice to this effect accompanies the annual report, which recommends the distribution of dividends making a total of 2s 3d a share for the year.

The year ended on August 31 last. The report states net premium revenue at *1.046,753 9s Id and interests, rents, less income tax, £120.750 8s Bd. There is a surplus of £83,385 11s Id in the underwriting account. The sum of £75,000 has been put to ■he reserve funds and £SOO to the sinkng fund on leaseholds, leaving £128,665 I9 * »d, of which £55,880 10s was absorbed by an interim dividend of Is Id. ;. he directors now recommend a further distribution of is 2d. A call of 5s a share decided on by the Directors will, subject to the sanction of •members at the annual meeting- on Octooe* 2 ‘, be paid by a bonus of 5s a share out of the company's reserves. Accompanying the report is a statement of the position of the Guardian ‘rust *nd Executors Company. The ,„™°. unt at credit of estates under admnlstration. £3,484,772 3s 2d, represented £ landed property, £845,662 16s; m0rt£1.126,580 12s Id; shares, li* vi S 7 i *B* 1( 1; debentures, £153,020 ' New Zealand Government securi--142,446; sundry debtors, £48,115 ,Partnerships and reversionary instnet ' 6s lid; furniture, live- ' rx; jewellery, life insurance and i.snb. I **"' u 76.867 ISs; cash on deposit, v palanees and bills receivable, ha»i« 2d: trust hank accounts, at credit. £14,123 lls lid. The an als# ° holds debenture trusts amounting to £3,:2L,100.

SOUTHERN EXCHANGES Press Association. w e, i ,n9ton -—Reported sales: Bank of R*ni, Bo * lh "’ales. £44 12s 6d; Australian of Bommeree, 32s 9d; Guarantee 2E22 t t n < ord >• Bs, (paid up) Ss 6d. and ' at church.—Sales reported: Dalget.v Banw®/ * U 30s. On 'Change: Aust. *2* sd; Bank of New utn Males, £if io s .