COMMERCIAL.

Taranaki Daily News, 11 May 1922, Page 3

COMMERCIAL.

WAIHI MINING COMPANY. By Telegraph.—Press Assn.—Copyright. London, May 9. A meeting of the Waihi Gold Mining Company decided to modify the Articles of Association to enable the company to mine for any substance in any part of the world. LONDON WOOL SALES. Received May 10, 5.5 p.m. London, May 9. At the wool sales merinos, mostly topmakers’ sorts, sold well at full late rates. There was a large otTcring of crossbreds, with a good Continental and Home demand. Prices showed a hardening tendency, ; HIDES. AND SKINS. Messrs. L. A. Nolan and Co. held their usual monthly sale of hides and skins at New Plymouth on Tuesday. Prices were maintained except in heavy ox, which showed a slight fall. Good sound sheepskins were in demand at increased prices, but there was no inquiry for damaged and inferior ones. There was no demand for tallow in casks. Ox, heavy 9%d to 9%d; a few extra special stout ox to ll%d; ox, medium, 7%d to B%d; ox, light, 5%d to 7%u; cow, heavy, 6%d to 7 7-8 d; cow, medium, 6d to 6%d; cow, light, 5d to 6%d; yearlings, 6 7-Bd-to lOd; calf, 4%d to 13%d; tin tallow, 17s to 235. NEW PLYMOUTH SAVINGS BANK. The balance-sheet of the New Plymouth Savings Bank for the year ended ilarch 31, 1922, showed that the sum received during the year from depositors amounted to £57,467 16s, against £25,240 Is lOd in the previous year. The withdrawals totalled £39,230 13s, being £ 12,980 12s in excess of last year. The deposits for tie year were £lB,237 13s in excess of the withdrawals, and show an increase of £32,227 14s 2d -over last year. The increase had been brought about by having more centrally situated and modern offices, which have been secured in the New Zealand Insurance Company’s buildings, and by the amendment made in tie Savings Bank Act, which' now allows interest to be paid on sums up to £2OO, wcereas interest j was only paid up to £lOO previously. The ! new accounts opened during the year numbered 993. while 106 were closed, giving an increase of 887 open at the end of the year. The transactions in the bank numbered 6125, making a total of £96,697 19s received from and paid to depositors. During the year £16,350 was advanced on mortgage, while three mortgages were repaid, amounting to £875. The bank had 59 mortgages securing the sum of £61,135. In the children’s branch (the penny bank) there were 1295 deposits amounting to £l9B 15s 8d; 387 of these were of sums less than Is. WAIKATO MARKET. 1 The Farmers’ Co-op. (Hamilton) report:— Beef.—Although there has not been a marked advance in value considerable quantities of beef for export have been disposed of during the • past fortnight. The effect on the local market ’ has not so far been felt. Eighteen shillings to 19s per 100 lbs. is roughly the basis of purMutton. —Values are still advancing without any prospect of check. Wethers are extremely scarce and eagerly competed for when offered. Fat lambs also are keenly sought after and difficult to procure. Freezing operations have practically ceased. Store Cattle.—[The movement in beef has not been without effect on the store market, and competition seems somewhat brighter all round. There is an enquiry for grown steers, but this may not last long. Eighteen-month steers, which were very brisk a fortnight ago, have eased in value, although the demand is still fairly ’ strong. Calf heifers meet with good competition in all markets, and many good sales have

prominence. Eighteen-months empty heifers are being sought after, but supplies in t'lia locality are limited.

Store Sheep.—Supplies In al! centres are short, indeed it is difficult to discover where the sheep of the country are secreted. No doubt, with the rapid advance that is taking place, holders will, before long, be tempted to market. Those who wish to sell before winter might do well to consider the advisability of offering now whilst feed is still plentiful. Pigs have eased somewhat lately, due, no doubt, to the heavy supplies on hand. Baconers and porkers work out at about 5%d at the yards. Young pigs are subject to fluctuation, but in general meet with fair competition. Horses have shown no improvement since our last report. The yardlngs have not been so large as at this season last year.