HENRY BERRY AND CO.

Press, Volume LXVI, Issue 20027, 8 September 1930, Page 12

HENRY BERRY AND CO.

* DECREASE IN PROFITS. In their report for the year catted 15th, the directors of Henry er (Australasia), Ltd., point out that dist trading conditions existed throug ou » States and ,New Zealand' during which, together with exchange busines .. difficulties, havo had then■ eff tj£ j har . generally. With a P ros Pf S ccm" a littlo vest, the immediate outlook seems a brighter, but the directors believe will be some time before ~n „ l y ma( jo again prevail, snd have ° ample provision for #ll cont sf c " deducting all Net profits for the year, aiter . tjrovicharges and expenses for 374 against sion for taxation, etc., aro ~ dividends £64,054 for 1928-29. Preference dividends of 7 per cent, per annum P»' d ® 244 Thc B preference, shares abscirbed _ , ; ng amount brought forward J,. divi . an available balance of £40,980. The am ,dend on the ordinary shares JsSPe . absorbing £14,700; the sum of £SOOO Js piocea to reserve, increasing that fund to £OOS>W and the balance of £21,280'1s carried In the previous year liolflej* _, a ij. u :, shares received 81 per cent.<Jividend ,p capital remains at £754,640. On the "sets shares in subsidiary companies, at cos , increased from £524,111 to £073,113. De posits with subsidiary companies *'7° decreased from £341,795 to £281,017, and bank account from £68,428 to £6o,obJ. LONDON MEAT PRICES. (UNITED PEBSS ASSOCIATION— BT ELECTBIO TXLBQBAPH" COPYRIGHT.I (Received September 7th, 5.5 p.m.) LONDON, September 6. '~o weekly quotations for the undermentioned claises of frozen meats, based on Bctual sales of wholesale quantities of car cases of mutton or lamb or quarters of beei delivered to the Smithfield market and/or e London stores, have been compiled as to lows by tha Quotation# Committee, bmito* field. To arrive at equivalent ex-ship values Jd per lb should be deducted from the prices quoted below. Quotations arw average for the week, and are not for selected lines, but for parcels fairly representative of the bulk, of shipments now on offor: NEW ZEALAND LAIIBS. d. CanterburySecond quality: _ Average 331b .. •• #. <1 Other South Island brands—361b' and under ... .. S3 87 to 421b .. . •• •• p t 43 to 501b •• £ i Selected North Island brands—861b and under .■ ... $2 87 to 421b .. •• ' 43 to 601 b .. •• Sg ' Second quality: Average 311b .• •• "ii Other North Island brandsFirst quality: 87 to 421b ... 6i Second quality: .. ■ Average Sllb .- •• ..62 AUSTRALIAN LAMBS. Victorian—- , Second . quality: 361b and under .. i.. ;.. CJ Other States— Second quality: , 361b and under •» •• 6 Ail States— Third quality: . 361b and under .. .. < .. 6 NEW ZEALAND FROZEN BEEF. Ox hinds—- ' 160 to 2201b .. .. .. 5J AUSTRALIAN FROZEN BEEF. Ox binds— Under 1601b 5i | Over 1601b .. . • ..52 ARGENTINE CHILLED BEEF. Ox fores—--160 to 2201b .. ... ..31 Ox hinds — 160 to 2201b G£ NEW ZEALAND PIGS. ' First quality: CO to lOGlb '... .. .. 8i 101 to 12bll> .. .. .. S Other quotations unchanged. QUOTATIONS FOR HIDES. (Received September'7th, 5.5 p.tu.) ' LONDON, 'September ,6. 'Quotation! for hides were i-rr-fy- ■ Jto&tyortji, »ry-»Wli*d. ■. , Queensland:— , * •• ( ' • *■-/' 351b to 451b ~■• .. 61 301b to '4olb ~. 61 251b to 3olb .. .. 61 2oib to 301b .. ej New South Wales ' ■ 3olb to.4sib ■ .. 61801b to 401b .. 7 ..- iJslb to. 851b .... 7 , ,201b to 301b .. »* 7 W»t-auted. ■ Queensland501b to-601b .. ..4.1 401b. to 501b .. ... 41 New South, Wales—501b to 601b . . . .\ 1 5 . 401b to 501b ... .. 5 Victorian abattoirs— • 601b to 60tb .. ~ 4S 401b to 501b .. ■ .. 41 LONDON QUOTATIONS. (Received September 7th, 3.5 p.ja.) LONDON, September (i. Friday's closing priees .were:— Cotton—Oetober, 6.07 d. Rubber —Para, .6}d; plantation smoked, BM. Jute—August-December, £l7. Hemp—Nominal, September-October, £23 10s. Copra—October, South Seas £l6 2s 6d; plantation, Rabaul. £l6 7s 6d. Linseed Oil—£32 10s. Turpentine—S7s' 3d. Osmirldium—Unchanged. DAIRY PRODUCE. The ' New Zealand' Dairy Produce Board ha 3 received the following market report from its London - office, dated September Eth: — . ; ■; Butter—New Zealand, saltod 128 a to 126s up .to ,126s' (last week 124s to 128 a), unsalted 146s to 150s (146e- to 150s); -Ist whey, 120s (1.20s); 2nd whey, 118 a (118 si; ■deliveries New Zealand this week, 1287 tons;' in,etore Now Zealand this week, 10,491 tons; Australian, salted 122s' to 1265: (122s to: ,1265), unsalted 130s to 134s (126s to 182s); Argentine, unsalted 120s to 'l24s (124b to 128s); Irish creamery, salted' 126s' (1265), unsalted 1309 (130s); Danish, 142s fo.b., 146s to 148s spot (1375, 1445-455); market firm; Dutch, unsalted 138s to 142s (138s to 1426); Estonian, 1268 to 130s (125s .to, 1265); Latvian, 126s to 128s (1265); Siberian, 123s to 124s (126 a to 1265); Polish, 106s to ÜBs (110s to 120s); market slow. New Zealand-retail price Is 4d, 13 sd; Danish unchanged. Is 6d . .. . . Clieose—New Zealand, white 71s to 72s (71s to 73s)j exceptionally ,745, coloured 73s to 73s (76s to 78s), exceptionally 78s; deliveries New Zealand this week, 26,000 crates; in store New Zealand this week, 103,500 crates; Australian, white 72s (70s to 71s), coloured 74s (71s to 775); Canadian, white 77s to 78s (78» to 80s), coloured 78s to 80s (60s to 82s); c.i.f. 73s (745); deliveries Canadian, 5491 boxes; in store Canadian, 169,000 boxes; English finest farmers, 100s to 106s (100s to 106s); New Zealand retail prices, 10d to lid Market quiet. Estimated stocks all butters held in store London and provincial stores at September Ist. 1930, 24,700 tons (last year 24,500 tons); estimated stocks cheese at London. Liverpool, Bristol at September Ist., 1930, Canadian, 188,600 boxes (last year 181,300 boxes); New Zealand and Australian, 111,750 crates Hast year 102.400 crates). Messrs A. H. Turnbull and Co. are in receipt of the following cablegram from W. Weddel and Co., Ltd., dated London; sth inst.:— Butter—Danish. 146s to 1463 (last week 144s to 145s*, New Zealand unsalted, 146s to 150s (146s to 150s); New Zealand salted 128s to 126s (124s to 128s): market slow. Cheese—Now Zealand, white 71s to 72s (71s to 735), coloured 73s to 765, (76a to 76s)* market quiet; Canadian, white 77s to '7Bs (78s to 80s), coloured 78s to 80s (80s to 82s). BLACKWATER MINES, LTD. (special to tax peiss.l . j REEFTON, September 6. The return of the Blackwatsr Mines, Ltd. for August is as under:— < ■ Crashed 3800 tons, .yielding 1379 fin# ounces gold, valued at £5855; working ex. peases, £5366. In addition the furnace treated 91 tons of concentrates for a return; of 90 fine ounces gold' valued at £332; working esnenses £144. The working profit _is £727: development expenditure £632, and capital. expenditure £132. The- loss over all is £37, but the gold premium to be obtained to the value of . £327 results in ft profit of <290.

LONDON PRODUCE MARKETS. The Bank of Now Zealand has received the following advico from its London office as St the olo3p of business this week : Frozen Heat—There is a better enquiry for wether mutton and the outlook is brighter. Limitod business ~ has- been dona in owes at nominal prices. Trodo la h* is Hrigliter with a better demand. Pri&oa for beef are maintained ■with difficulty. __ „ Per lb. Wetliets— d. :•<!.. kight ..«• .. 4| to 6 .•Heavy • ... .. aj to ? weß , ' « •• v 23* to BJ, Lambs— , ' ?"» v .» 8 to -6} 5; s - " 8i to K' £? . >/« Second* . „ .. .. 7 to 74 Ox hinds .. .. S to SJ. OS fores ... ..3 to 81 Cow hinds ..4 to 4| Cow fores . • .. 2J to 'S