COMPANY NEWS

Press, Volume LXXXIV, Issue 25547, 15 July 1948, Page 7

COMPANY NEWS

DOMINION BUILDERS’ SUPPLIES " INCREASED DIVIDEND AND PROFITS An appreciable increase in the net profits and a recommendation for a higher rate of dividend are features of the accounts of Dominion Builders’ Supplies. Christchurch, for the year ended April 30. The net profit is £2083, against £1996 in 1947 and £1206 in 1946. With the addition of the carry-over of £lO2O, the sum available for distribution is £3103. The directors recommend payment of a dividend of 7 per cent. (6J per cent, the previous year), free of social security tax, which absorbs £1590, leaving a sum of £1513 to be carried forward. The gross profit from the trading account is shown at £8164, and the total receipts £8347, against £7712 in 1947, and £5599 in 1946. Balance-sheet figures are as under:— Liabilities

Total .. .. .. 34,382 Aluminium Utensils Accounts.—Before tax provision, the accounts, of Aluminium Utensils, Ltd., for the year ended April 30, show a profit of £8702, against £8542 in the previous year. On a net basis earnings were £3645, compared with £.4196 a year ago. This result is reached after allowing £5057 for taxation, against £4346 in 1947, and £lB5B for ordinary and special depreciation, compared with £1127. The dividend is again 10 per cent, and requires £375 more at £1975 than last year. Because of increased capital qualifying for a dividend from December 1, 1947, after allowance for dividend payment, £2978 remains to be carried forward, against £2308 brought in. The directors report that the factory production was fully maintained, sales at £74,693 exceeding those of the previous year by £lBO6. Substantial shipments of aluminium and other raw materials had been received from overseas and orders placed in England for additional machinery were expected during 1949. The capital had been raised by £9000.-,(P.5,5.) Sharland and Co. Call up ss.—At a meeting of directors of Sharland and Company. Ltd., it was resolved to make a call of 5s a share on the new issue. This is due on August 16, and will make the shares 10s paid. VEGETABLES, FRUIT, AND MEAT Cabbages and lettuces are In plentiful supply in the shops. There are no bananas or oranges, and the date of the arrival of fresh supplies is not yet known. Retailers’ Prices Bananas, per lb, 7Jd; lemons, per lb lid (Australian), Is Ijd; oranges (Australian), per lb, lid; Island oranges, 8d; marmalade oranges, v 9|d per .lb; grapefruit, per lb, lid; apples (dessert), per lb, o’/j-d, and cookers, pears 6Jd per lb; grapes 10s to 12s per lb; passion fruit, 6d each: marrows (each), 6d to 9d: lettuce (each), 6d to 8d; pumpkins, 3%d per lb; swedes, I’Ad per lb; beetroot (bunch), 4d to 6d: cauliflowers (each). Is to 2s; celery (bunch), 6d to 2s; rhubarb (bunch), Is 6d; onions, 3’,ad per lb; tomatoes, hothouse, 4s to 4s 6d per lb; potatoes, 2Jd per lb, or 51b Is; carrots, 2’gd per lb; parsnips, 3d per lb; cabbages, 3d per lb; silver beet. 3%d per lb; kumeras, 3d per lb; pie melon, 4d per lb; Chinese gooseberries, 2s and 2s 6d per lb; tree tomatoes. Is to Is 6d per lb; red cabbage, 9d each; walnuts, 2s per lb; yams. 8d per As a comparison, July wholesale prices for Canterbury as given in the latest price order are:—carrots, 15s a cwt, or over Bid per lb; parsnips, 18s 6d a cwt, or nearly 2d per lb; swedes, 6s 6d> a cwt. or about %d per lb; cabbage, 16s 6d a cwt, or. just under 2d per lb; silver beet 21s a cwt, or nearly • 2’/ 3i d per lb; pumpkins, 23s 6d a cwt, or about 2’,fed per lb; onions, f.a.q., £l7 a ton or about 2d per lb. Apples—dessert, up to 13s 6d and 14s 9d a case, commercial 13s; cookers, all varieties, 8s to 10s 6d a case. (Apple prices do not include cost of case.) Eggs Heavy grade, 3s Gid a dozen; standard, 3s 4id;. medium, 3s 2Jd; pullets, 2s 9id; ducks, 3s 4jd.

Retail Meat Prices Veal.—Fillet, first grade, llld per lb; second grade, 9‘,i<i per lb. Loin, 9lid, 7Ad. stewjng, 6’/jd, s’,id; soup meat, 4’,»d, 3’/»d; steak, Is OV«d, 10’,id; rump steak, Is 3’id, Is OJd: cutlets, Is o’id, 10’,id; rolled, 10»/ad, B’id; stuffed, ll’/ ? d, 9Jd. Beef.—Rump steak, first grade, Is s’/ a d per lb; second grade, Is Z’.sd; fillet, is 7‘,sd, Is 4d; porterhouse steak (bone in), Is 3’/ 2 d, Is 2>,2d; bone out, Is 9id, Is 5’,2d; tenderboy steak, Is Ijd, lid; thick flank or top rump steak, ll’/gd, 9d; chuck steak, lOd, B‘/ 2 d; blade or boiler steak, HVad, 9’,' 2 d; sirloin, Is l’,bd, Hd: sirloin, rolled and boneless, Is 4’, 2 d, Is Hid; prime ribs, lid, 9d; prime ribs, rolled and boneless, Is 2d, lljd; chuck ribs, 8d„ 6‘, 2 d; chuck ribs, rolled and boneless, lid, 9d; back ribs, rolled and boneless, ll’/ad, 91d; wing ribs, bone in, Is lUd, 10’ /2 d, and bone out, Is 5’, 2 d. Is 2d; blade, rolled and boneless, 10lid, Slid; topside. Is Olid, lOlid: grsvy beef and shin b°ef, Bd, 6lfcd; corned silverside, Is Id, lOlid; rolled brisket, corned or otherwise, 9Ad, 8d; brisket on the bone, 3d, 4‘id: flat ribbed, 6d, sd; legs and shins, whole, 4lfcd, 4d: halves, thick end, sd, 4lid; knuckle end, 4lid. 3lid: thin flanks, 4d. Slid; sausage meat, B’' 4 d. Mutton. —Legs, whole. Is llid, lid per lb: shank end up to 61b, is 2’id. Is; thick end. Is lid, lid; middle fillet, Is 2id, Is. Forequarters: whole, Bd, 6lid; shank end, Blid, 7d; Spanish neck, 9’id, Bd. Shoulders: whole, 10d, 7’,id; shank end, .lOlid, 8lid: blade end, lid, 9d; neck and breast, 7lid, 6lid; neck, best end, 9d. 7‘/ a d; scrag end, 7Jd, 6Jd. Loin: middle, Is Id, lOlid; rib end, lid, 9d; chops: middle-loin, is 3d, is Olid; rib, Is, lOd. Shoulder, trimmed, Is, 10d; leg or chump, Is 2jd. is; Spanish neck, IOJd. Bid; stewing, lOd, 9Jd; flaps, 6d. sd; flaps, whole, 3d, 3’,id; cutlets, french, Is sd, Is 2d; stuffed, rolled. Is 3d, Is Olid. (Prices for third-grade mutton from Id to 2d below second grade schedule.) Pork.—Stuffed, Is s’,id, Is 2Ad; rolled, Is sd, Is 2d; leg. Is 3d, Is oi<3; loin. Is 3d, Is Olid. Chops: loin, Is sd, Is 2d; foreloin, Is 2d, 11 lid. Foreloin. Is Id, lOlid. Corned hand, Is 9d; belly, Is Hid, lid. Lamb—Forequarters, Is, lOd; hindquarters, Is 2d, 11 lid; legs, Is 4lid, Is llid; loin, Is 4lid, Is Ijd; loin, rib end. Is 2lid, Is; chops, Is 4Jd, Is Hid; chops, crumbed, Is slid, Is 2d.

DUNEDIN RABBITSKIN SALE "The Press” Speci .1 Service DUNEDIN, July 14. Approximately 64 tons of rabbitskins were offered at the fortnightly sale held yesterday. There was a good demand from all sections of the trade and competition was keen. Springs were firmer by 3d to 6d per lb, and milky grades appreciated by 6d to Is per lb. The furriers competed strongly for the limited quality of good winter skins that were on offer and, as a result, winter bucks were up by 12d to 15d per lb, and winter does were up from 6d to Is per lb, when compared with recent rates. There was a keen demand for good ferret skins and these sold at prices slightly in excess of those a fortnight ago. The range of prices was: small, 25d to 38£d per lb; summers, 80d to 84Jd; racks, 68Ad to 75Jd; second milky does, 66d to 69Jd; first 108 d to llld; third broken, 64Jd to 69Jd; second, 92d to 94d, first lOld to 105 d; first early winter bucks and does to 200 d; furrier does, 210 d to 212 d; first spring bucks, 132 d to 135 d; first spring does, 117 d to 121 d; second spring bucks, llOd to 113 d; second spring does, llld to 113 d; outgoing bucks, 145 d to 150 d; outgoing does, 150 d to 157 d; third winter bucks, 160 d to 170 d; third winter does, 165 d to 176 d; second winter bucks, 195 d to 207 d; second winter does, 209 d to 223 d; first winter bucks, 199 d to 212 d; first winter does, 225 d to 241 d; autumn bloodstained, 104 d to 118 d; incoming bloodstained, 122 d to 127 d; outgoing bucks bloodstained, 125 d to 131 d; outgoing does, bloodstained, 122 d to 130 d; second winter bucks, bloodstained, 150 d to 154 d; second wintet does, bloodstained, 148 d to 156 d; first winter does, bloodstained, 160 d to 171 d; first winter does, bloodstained, 160 d to 164 d; fourth black, to 46d; third black, 70d to 82d; second winter black, 90d to 96d; first winter black, to 98d; third fawn, 60d to 70d; second fawn, 120 d to 130 d; first fawn, 150 d to 158 d. First hareskins, to 130 d; second hareskins, to IOOd. Horsehair, to 64Jd. First large ferrets, 19s 4d to 20s each; first small ferrets, 12s lid to 14s 6d; second ferrets, 4s lid to 6s 8d; first white ferrets, Ils 9d to 14s; second white ferrets. Is to 2s. First stoat skins, to 10s; second stoat skins, 2s to 2s 6d. Catskins, Is 7d to Is 9d. Goatskins to 22d. The next sale will be held on July 27, but to be included in this catalogue skins must reach brokers’ stores by 5 p.m. on July 20.

£ Authorised capital .. .. 22,716 Sundry creditors .. •• 3,831 Unclaimed dividends .. .. 77 Depreciation reserve .. .. 882 Reserve tor Invests and doubtful debts .. •. 1,498 Income tax reserve .• .. 1.524 General reserve • • •. 750 Net profit .. •• •• 3,103 Total .. .. .. 34.382 Assets £ Land, buildings, and timber racks 4,546 Plant, machinery and office furn. 2.788 Mortgages .. .. .. 154 Stocks .. .. .. • • 8,601 Sundry debtors .. .. 10,225 Cash at bank •• •• 652 National Savings •• 1,115 Govt. Inscribed Stock .. .. 4,140 Insurance paid in advance .. 161 Fixed deposit .. .. .2,000