COMMERCIAL.

Evening Star, Issue 15539, 8 July 1914, Page 9

COMMERCIAL.

ARGENTINE MEAT EXPANSION. (London ‘ Times ’ and Sydney ‘ Sun' Services.) LONDON, July 7. There is a great expansion in the -chilled and frozen meat exports from the Argentine to the United States. Good judges are of opinion that the United States will shortly absorb nearly all the Argentine’s production to the embarrassment of Great Britain. NEWCASTLE COAL TRADE. INCREASED OUTPUT. Press Association—By Telegraph—Copyright. "SYDNEY, July 8. The coal exported from Newcastle in the last hal-year was 2,307,998 tons, an increase of 026,328 tons. New Zealand took 325,045 tons, an increase of 28,000 tons over the previous half-year. The foreign export increased by 296,000 tons. LYONS’ HUGE PROFITS. li MILLIONS In ONE YEAR, Splendid results were again secured in the past year by Messrs J. Lyons and Company, the well-famous caterers. The gross profit for 1913-14 totalled £1,574,559. This compares with £1,450,500 for the 12 months to March 31, 1913, an increase of over £124,000. Two years ago the . gross profit was £1,357,480, so that in a : couple of years the advance has been enormous. The net profit to bo dealt i with this year is £356,305, in comparison • with 339,518 last year. The directors are , allowing a larger sum for depreciation in/ i the amount of £96,103, against. £91,849, and the final dividend is again at th( 1 rate of 60 per cent, per annum, which ■ with the interim distribution, makes t total of 421 per cent., the same as for tb ■ previous 12 months. With the Imp r surplus left, the directors were ablo.to t increase the balance carried forward fom ■ 1 £21,303 to £59,904, thereby materflly strengthening the finances. It may hj rei called that 12 months ago the dirgtors | wrote off goodwill £39,189, and deoted the further sum of £30,000 in redetion of plant and machinery. SHEEP SALES!. ; Press Association—By Telegraph—-Cpyright. SYDNEY, uly 7. At the Sydney sales of stud sheep a • Boonoke merino ram fetched 77gs, and another 475g5; while five a verged £395 16s, and a ram was sold pivately for i 1,300g5. Romney Marsh.—On accoui) H. Smith (Palmerston North): One stud ram i fetched £5, and ewes averayd £4. On i account of Mr H. Saunders (Waimate): , Four special etad rams aveaged £7 Is ; 9d. On account of Smith Tfoe. (Palmeri ston North); Sis stud ewo averaged £5 ■ Is 6d. On account of tlw"estate of the ■ late John Henson (Feildig); 100 lambs ’ averaged £5 Is lid, whil 28 rrtis aver- > aged £2 5s 9d, On accent of Hr Herbert ‘'mith: Fifty-five lick rams, at £3 ; 12s 6d. On account of Mr H. Saunders ; (Waimate) : Nine flock rams, at £5 3s. On account of Mr Job Wingate (Longj burn); Fifteen rame, f- El sa. On account of Mr R- G. o®eaon (Lucknow): Seventy-five lambs, at ai average of £2 | 15s 7dl On account ofAmith Bras. (Pal- ( mereton North) : Fifty/hree flock rams, at an average of £2 lislld. On account

of Mr \V. t G. Pearce ((blytoii): Nineteen shearling ratms. at £2 Is 3d. On account of Mews Buick aru' Son ((Toverlea): Fifty-nine shearling unis, at an average of £2 10s 9d. On amount of Mr P. W. Jenkins (Picton) : Thirty-two ram lambs, at an average of j2 7s 3d. Lincolns.—On ccount of Mr S. Eber I Waiuku ): Fifty flock rams averaged £3 9s 3d. On accoud of Mr L. F. Shakespear (Waiuku): Tweatf-four flock ram lambs averaged £3 8s £l. On account of Mr Alfred Kidd (Wiuku): Bight flock rams averaged £5 IS) On account of Mr S. F.ber: Stud eye lambs (30) averaged £2 17a 9d. On acitunt of Mr C. T. Barriball (Waiuku) • Surf ewes (20) averaged £7 Is 2d. On acojnt of Mr Alfred Kidd s Eleven ewe lacks averaged £3 3>. Border Leiipters. —On account of Mr John Nixov ('Canterbury; ; Forty rams averaged £5 ,» 6d. and 30 ewes averaged £5 12s. Ori’ account of Mr Joseph Dowtliwaite (Ydmate); 163 ram lambs averaged £3 li od, and 5 flock rams £3 13s fid. On recount of Mr Donald Gray (Timam) : SfTenty-four ewes averaged £5 7s. Engird Leicestere. —On account of Mr Grant ; Twenty-five lamb rams averaged £o 19s 9)1) and'6s ewes averaged £3 4s sd. Onacotntof Mr William Nixon : Thirtyfive ran® averaged £4 4*. SoutJdowns.' —On account of Mr Tiobert Brewer (Bracknell): Six ram lambs averaged. $2 2s. ' private Sales. —On account of Mr W. H- ydland (Dean, Victoria): Two Romney |tarsh stud rams, at 15gs and lOgs.