BIG BUSINESS DEAL

Sun (Auckland), Volume III, Issue 666, 18 May 1929, Page 12

BIG BUSINESS DEAL

J. M. MENNIE’S BIG PURCHASE LAURIES, LTD. ABSORBED Final negotiations in a business deal of considerable magnitude were, completed this morning when the oldestablished firm of C. G. Laurie, Ltd., manufacturing confectioners and biscuit makers, was purchased by J. M. Mennie Ltd., of Albert Street. J. M. Mennie, Ltd., have been in the biscuit and confectionery manufacturing business in Auckland since 1569, and, during that time, have built up a sound and ever-growing business connection throughout all parts of New Zealand, particularly in the Auckland Province. The firm has been established in its present site in Albert Street for 46 years. In regard to the firm’s new purchase it is understood that the business in Stanley Street will be conducted more or less as a subsidiary to the main firm. Just prior to the sale Laurie’s factory had been completely renovated. It has approximately 80 employees on its pay roll.

FEILDING STOCK SALE FAT SHEEP EASIER Press Association FEILDING, Friday. At the Feilding stock sales today the fat sheep pens were overstocked with ewes, which were hard to quit. Prices of all fat sheep were down 2s to 3s. Lambs.—Black-faced made ISs lOd to 225; few special prime, 2Ss 2d; white-faced, 17s 9d. Fat ewes: Aged Romney, 27s 9d to 28s; ewes, off turnips, 24s 6d to 25s 6d. Heavy prime wethers, 37s two-tooth wethers, 32s Gd to 36s 3d; woolly wethers. 24s 3d; mixed sex, 32s 9d. Store lambs were hard to quit. B.f. lambs made 17s 7d to 17s lid; empty ewes, failing mouths, 19s 7d to 20s; four and five-year ewes, r.w. S.D. rams, 27s to 27s 9d; two four and six-tootli ewes, r.w. Romney rams, 295; four-year ewes, r.v±. S.D. rams, 18s; six-tooth to four-year ewes, 28s Gd; five-year, r.w. S.D. rams, ISs; forward wethers. 27s sd. Dairy stock met a good market. Springing heifers made to £9 ss; Jersey cows, due July, £S; second cal vers, £8 ss; Jersey cows, in milk, £9; other colours, £4 17s Gd to £5 ss; Jersey weaner heifers, £4 7s to £4 12s Gd. Store cows made £3 10s to £6 7s 6d; Jersey store heifers, £3 5s to £4 10s; fat cows, £7 to £9 10s; fat Jersey cows, £6 2s 8d to £8 ss; Jersey heifers, £7 2s 6d to £9 10s; fat bullocks, £lO 7s 6d; fat three-year bullocks, £lO 10s.

FOREIGN EXCHANGE RATES British Official Wireless RUGBY, Thursday. The 'following rates on foreign exchanges are current today, compared With the cabled quotations on May 14 and par;—

CHICAGO WHEAT. MARKET (Australian and N.Z. Press Association) Reed. 9.5 a.m. CHICAGO, Friday. Wheat.—May, 1 dollar 1 7-S cents a bushel; July, X dollar 5 5-8 cents; September, 1 dollar 9 5-8 cents; December, 1 dollar 141 tents. TE AROHA DAIRY CO. Suppliers to the Te'Aroha Dairy Company liave received £176,228 to date this season, compared with £115,310 over the corresponding period of last season. This represents an increase of approximately 53 per cent. The payment for April butter-fat amounted to £12,187, based on Is 5d a lb of butter-fat.

May 16. May 14. Par. Montreal, dol. 4.S8 1-16 4.866 4.85 1-3 C 4.S5 5-16 4.866 124.15 124.15 124.21 34.935 34.942 35.00 Geneva, fr. . . 25.185 25.11 25.22 Amsterdam, fl. 1 2. 06a 12.06| 92.65 92.65 20.42 20.46i 20.43 Stockholm, kr. IS.185 18.165 18.159 IS.195 18.195 .18.159 Copenhagen, kr 18.205 18.205 18.159 Vienna, sell. . 35.54 Prague, kr. . . 163 7-8 164 24.02 Helsingfors, mk 193 193 192.23 Madrid, pes. . 34.03 Lisbon, escu. . 108 1-8 Athens, dr. . . 375 375 375.00 Bucharest, lei. SIS 818 Rio de Jan., mil. 5 57-64 5 7-16 Buenos Aires,dl. 47 5-16 47.57d Calcutta, rupee 17 29-32 17 29-32 18d Shanghai, tael 29J 29 k Hong-Kong, dol. 22 3-82 22 5-32 24.5Sd Batavia, fl. „ . . 12.lli 12.12i 12.10