COMMERCIAL.

Auckland Star, Volume XLIV, Issue 108, 7 May 1913, Page 6

COMMERCIAL.

LONDON "WOOL SALES. (By Cable.—Press Association.--Copyright.) LONDON, May 6. At the wool sales yesterday a large selection of ciospbreds was offered. There was keen competition, and prices were fully ( maintained. & . ... ... The following prices were realised for tne fleece portions of New Zealand clips:— c Kreewa, top 14d, average 12id: Moerakl, top , 13jd, average lljd; Walau, top 12d, aver- . age lOld; Ruatangata, top 12d, average lOJd; Pungatanwa, too lid, average IOJd. - LONDON MARKETS. t (Received 9.40 a.m.) > LONDON, May «. Wool.—The sales to-day were active, prices being unchanged. Stock Quotations. —Australian Mercantile, i 03J; City of Sydney. 98:' Dalgety and Co., i 92; GoldsboroughJ-'Mort and Co., 98J. Consol*. 75J. . FROZEN MEAT. ] Messrs Dajgety and Company, Limited, ' are In receipt of the following cable from t_ el r Loudon office, < under date 2nd May, 1913:— Lamb.—Stocks are very msall. and the market Is very firm, with ■an upward tendency. ■ ■ ~- - " "j Mputton.—Market firm, but prices un- j changed. - , Beef.—Market week; prices nominally nn- . changed. . ■'■' , ... - —7-1 '' . "■■. i DALGET- AND COMPANT DIVIDEND. ] '~■ ' ' i Dalgetj- and Company, Ltd., have de- < dared an interim'dividend of 4/. per share, 1 b—uj- at the rate of 8 per cent per annum, I i payable on the 15th May. Authority Is 1 given V P*y the same to shareholders on the colonial register on and after the date • mentioned. , . —. — ' 'I . SHARLAND AND CO. ■..•V - ——- ■ - """. i . ...■■' ANNUAL p'MEETING. ' .... ~. ... ' . ,'. ■ ,' ." I The annual meeting of' Shairland and Co. , was held at "Wellington on."Monday after- j noon, Mr. W. Watson, chairman of directors, presiding. ' .'. .'■-.- -, In moving the adoption of. th- annual' : report and balance-sheet, the chairman said: "The lncreate in the stock and book . debts indicate the fact that the business , has materially increased. As forecasted to . yon last year, the new premises here were completed and were occupied ln September last. They have been found suitable and satisfactory'ln every way. To meet the necessary expenditure and maintain tbe equilibrium of onr finance fresh capital ha« been Issued -to the extent' of £11,485, of which £2,871 5/ has been paid up and £6,250' further borrowed on mortcage, which we were fortunate In securing before -the r_e j in rates of interest.' The old premises are at present let to first-class tenants st a fair-rent, with an optional purchasing clause,-"which we b»ve reason, to think It will be in' the Interest" of the tenants to avail themselves of. In the profit and loss accent-' the gross profits are £1,642 better than last year. -The expenses have necessarily-. Increased by a .greater, amount, hot the,cost or changing-premises accounted for • a large amount -of "this, otherwise the Increase ln profit*:gwould have been eon-, slderably larger .-than that In expenses. On Mr. Owen's reslenattnn as general manager, it. was not felt necessary to appoint a successor to that office for the present, the business In Auckland being well managed ; by Mr. Repsßsw.ond in Wellington by Mr. j Mmkb. M. Kennedy and R. M. Watson;" retiring directors, were re-elected without Ke_ber and A. S. Blss (Wei- j lin*g,t<"i) and A. Grlerson (AOcklaod) were re-elected auditors. ■•.. • • - it, was decided that the directors' fees | be £400 per annum until otherwise decided; by the-company in general meeting. | - A vote of • thanks' was passed the general managers at Wellington and Auck-1. ltnd. the staff, and.secretary. » ■■ in answer to a question, the chairman said -the business both at Wellington and Auckland was Increasing,- and **-_&**_ tbey were contemplating the construction. of Increased accommodation. | NATIONAL INSURANCE COMPANY, j The directors-of the Xattonil Insurance Company have declared an interim dividend of.l/ per-share.-. ■~ -. . - :