BYCROFT, LIMITED.

New Zealand Herald, Volume LXVI, Issue 20249, 8 May 1929, Page 9

BYCROFT, LIMITED.

DIVIDEND OF 8 PER CENT.

DISTRIBUTION OF SHARES.

.ANOTHER SUCCESSFUL' YEAR.

The "directors of Bycroft, Limited, in the report to bo presented to shareholders at the annual meeting on May 15, state that the company has enjoyed another successful year. Payment of the usual dividend of 8 per cent, absorbing £7260, of which half was distributed in November, is recommended. The directors further recommend that the unallotted balance of 9250 shares in the capital account bo now issued paid up to £-1, by transferring £9250 from the appropriation account, and that a bonus of shares be allotted to each shareholder in the proportion of one share for each 10 now held.

The company's net profits have been steadily rising during the last three years, that for the year ended on March 31 last being £268 greater than in the previous year. -

The directors state that ample provision has been made for depreciation of buildings, machinery, plant and motors, equal to £3199, while all these assets have been maintained in a state of high efficiency. Income tax on the year's profit is included in the sundry creditors' account.

Mr. G. R. Hutchinson is the retiring director, and he has been nominated for a further term.

Following is a comparison of the company's results arid appropriations for the last three years: —

1197 1928 1021 Brought forward ..£1,712 £3,470 £6,496 Net profit .. • • 9.018 10,286 . 10,554

£10,730 £13,756 £17,050 Dividend, 8 p.c. . . 7,260 7,260 7,260 To , capital . . . .

Carried forward .. £3,470 £6,496 £540

The previous distribution of bonus shares was, made in 1926, when £8250 was.transferred from the appropriation to the capital account, increasing the capital to £90,750. With the present capitalisation, the capital will bo £IOO,OOO, in addition to which the company has a reserve of £20,321.

THE LONDON MARKETS.

PRICES FOR METALS. Australian and N.Z. -Press Association. (Received May 7, 9.55 p.m.) LONDON, May 6. The following are to-day's prices for metals, compared with those on May 2:— Copper. —Spot, £79 18s 6d); three months, £76 6s 3d (£75 7s (3d). Electrolytic Copper. —Spot, £B4 5s (£83); three months, £B4 15s (£B4). Wire Bars. —£84 15s (£B4). Lead.—Spot, £24 8s 9d (£24 10s); three months, £24 2s 6d (£24 10s). 1 Spelter.—Spot, £27 8s 9d (£26 12s 6d); three months, £26 13s 9d (£26 15s). Tin. —Spot, £197 lis 3d (£196 6s 3d) j three months, £199 15s (£199 2s 6d). Silver. —Standard, 25 5-16 d (25£ d) per oz; fine, 27 5-l6d (27-^d).

KiQES AND SKINS SALES. EASING IN THE PRICES. Cow and ox hides eased from par to one farthing a pound at the fortnightly sales conducted at the Auckland Chamber of Commerce yesterday. All grade's were aflected. There was little alteration in sheepskins, but an improvement in the length of the wool on sheepskins coming forward was noted, this being a seasonal feature. Tallow and horse hair sold at about current values. Bones in good dried condition sold on a slightly better market at £5 10s to £5 12s 6d a ton. The following prices were realised:— Cow Elides.—Light and medium, 6fd to ?|d per lb.; second quality and cut, Gd to 6±d: faulty, s|d to Gd; ox hides, light, 7d to 7id: medium, Bid to 9Jd; heavy, 9d to Did; second quality, GJd to 71d; cut, 7id to 8d; kips, best grade, 8d to B£d; seconds, i>d to G|d; yearlings, best grade, 9d to 9Jd; seconds, Sd to Sid; calfskins, heavy, 9lb. to 101b. weights, B|d to 9d; best light, l'ld to 14ld; best medium, 15d to laid; light and medium, cut, lid to Hid; 'slippy, 9d to 9*d Sheepskins.—Dried, three-quarter to fullwoolled, medium to fine crossbred, 12d to 13id; coarse crossbred, ■ llld to 12d: faulty, 10|d to lid: damaged, 9M to 9Jd; badly damaged and broken, 8d to BJd: half-woolled, medium to fine crossbred, 12d to 12M: coarse crossbred, llid to llld; faulty, 9id to lOd; damaged, 8d to 85d; quarter to half-woollcd, damaged, fiid to 7Jd: quarter-woolled, sound, 10Jd to llid: faulty 82d to 9}d; pelts, sound, 10id to 10! d; faulty, 9d to Sid; damaged, sid to 7d. Lambskins, sound, 12Jd to 13d; faulty and seedy 9id to 10id: damaged,. B}d to 30d. Salted Sheepskins.—Half to three-quarter woolled, large, 83 3d to 9s Id each: medium, 6s Od to 7s 9d: light, 5s to Gs 3d: quarter to 'half-woolled. large. 5s 3d to Gs; medium 4s 3d to Gs; light, 3s 3d to 3s 9d; pelts, bare to half-woolled, large, 3s fid to 4s: small to medium, 2s 4d to 3s; lambskins, large, 5s 9d to Gs 3d; light to medium, 4s to 5s 3d.

Tallow.—Best mixed, in barrels, !29s fid to 30s Gd per cwt.; second quality, 25s to 27s Gd: poor quality and put-stained, 21s to 235; in tins, goqd quality, 28s to 2Ss fid; seconds. 24s Gd to 26s Gd: horsehair, best tail. Is 10d to Is lid per lb.; mixed, Is Gd to la 8d: shorts, lOd to Is 3d: mane, 9d to 9}d. Bones, good dried condition, £5 12s Gd a ton.

PEDIGREE JERSEY SALES.

GOOD DEMAND IN WAIKATO. [by telegram:.—own correspondent.] HAMILTON, Tuesday. A successful sale of pedigree Jersey stock was conducted to-day by Wright, Stephenson and Company, Limited, on behalf of Mr. fc\ J. Saxby, of Ohaupo Road, Hamilton. The cattle comprised members of Mr. Saxby's Alfalfa herd. There was a large attendance of buyers from all over the province and bidding was brisk from the outset. The proceeds aggregated £4855, 21 bulls averaging 595gns„ and 53 beifers averaging 68gns. Mr. H. Naylor. Te Rapa, paid the top price, 227p;n5., for the bull Alfalfa Royalty. Mr. W. H. Miers. Rototuna. paid 200gns. for the heifer His Lordship's Choice, and 145gns for the heifer Notle's Champion.

KEEN BIDDING AT PUTARURU. The Farmers' Co-operative Auctioneering Company, Limited, reports having held a successful sale of Mr. R. J; Wilson's "Ebor" pedigree Jersey cattle at Putaruru on Monday . There was a good attendance of buyers and bidding waa keen throughout, a total clearance of the 34 head offered being effected, the average price being 32gns. The top price of the day, SOgns., was paid for the cow Mystery's Secret, by Mr. •T. A Sanders, of Piako, Morrinsville, who also purchased the following lots:—Ebor'e Violet. 27gns.; Ebor's Marie, 45gns.; Ebor's Oona, 40gns.; Ebor's Martha. 2Sgns.: Flo of 0.K., 30pns,; Te Aute Lassie. 45gns. Spring Hill Briar sold on account of Mr. J. W. Bcholes. Lichfield, was acquired by the same purchaser at 25gns. The next best price, that of GOgns., was paid by Mr. R. Wattam, of Fencourt, Cambridge, for the cow Ebor's Mystery. Other purchasers who paid 25gns. and over were:—Mr. E. J. Jonea, ■ Putaruru, Ebor's Sultan, 25gns.; Ornngedalo's Diamond, 4Ggns.: Ebor's Champagne, 42gns.: Ebor's Annie. 4'2gns.; Ebor's Pepper, 82gns.; Mr. J. Watson, Okoroire, Ebor's Crissie, 4Ggns.: Mr N. J.: Finlay, Ohaupo,' Ebor's Mabel, 25gns.; Mr. W. S. Smith, Otorohanga. Ebor's Mona, 27gns.; Ebor's Buttercup, 26gns.: Ebor's Sherry, 25gns.: Mr. J. ITeadon, Waharoa. Ebor's Lala, 26gns.: also Maitland Rose, sold on account of Mr. J. W. Scholes, Lichfield. 25trns.: Mr. A. M Leslie, Putaruru, Ebor's Lizzie, 38gns.; Mr. J. Dempsey, Otorohanga, Ebor a Dorothy, 2^pns.