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COMMERCIAL.

The statutory meeting of Braithwaites, Ltd., was held in the office of Mr J. H. Walker, Empire Buildings, Dunedin, on Monday, Mr P. L. Ritchie presiding. The provisional director's report was submitted and'passed unanimously, the meeting representing 6,850 shares'". The following directors wore elected for the ensuing year : —Messrs P. L. Ritchie, W. Wilson, John Scott, J. 11. Walker, and W. R. Strang. A meeting of directors was then held, when Mr P. L. Ritchie was elected chairman. Mr J. Braithwaito was retained as advising director. A large amount of departmental business was transacted, and the meeting terminated with the usual vote of thanks to the chairman. The annual meeting of .the Gear Meat Company was held at Wellington last night. The balancc-eheet showed a balance of £21,537 available for appropriation, which the d doc tors recommended -should br, distributed p& follows:—Payment of dividends of 10 per cent, for the year (less interim dividend of 5 per cent, paid in June, absorbing £2,300), £4,600; to be carried forward, £14,637. The directors also recommend tin; payment of a bonus of 5 per com. on the paid-up capital. The company's assets aro now valued at £466,752. The retiring directors (Messrs David Andorson and John H. D. Bell) wero re-elected. SHEEPSKIN SALE. The Dunedin Wool brokers' Association (Messrs Dalgety and Co., A. Moritzson and Co., National Mortgage and Agency Company, New Zealand Loan and Mercantile- Agency Co., Otago Farmers' Cooperative Association, Donald Reid and Co., Stronach. Morris, and Co., and Wright, Stephenson, and Co.) report as follows:—Tho fortnightly skin sale was held yesterday, when there was a smaller attendance of buyers than of late. Bidding was not quite so brisk, except in the case of very prime .'kins, and prices were a shado easier. Gross-bred dead showed a drop of fullv id jxir lb. Quotations are as follow : Best half-bred, 9jjd to 9|d ; good, BJd to 94d ; best fine cross-bred, to merino, to 7J,d ; b«->t naif-bred, dead, to 9d : medium and inferior, 7£d to best cross-bred, dead, to B^d; medium, s id to 7d ; medium and inferior merino. 4Jd to 6d ; best pelts, to 6£d ; medium to good, 5d to 6d per lb. THE PROPERTY .ALA.RK.ET. Messrs Alex. Harris and Co. offered at auction at their rooms yesterday tho 21 years' building lease of allotment 2, subdivision of section 40, block 9, Dunedin, fronting Princes 6treet. and known as tho Exchange Court Buildings. The lease was disposed of to the present holder, Mr L. Hayman, at tho upset rental of £363 per annum. OAMARU WOOLLEN COMPANY. At tho annual general meeting of the directors of the Oamaru Woollen Factory on Monday the report showed that a. considerable sum had been expended in repairing the rea. bank protection -works, and although the- excellent work done rendered further expenditure there unnecessary for a number of years, tho directors had deemed it prudent to make provision for this expensa out of tho year's profits. Because- of this, they proposed to transfer the sum of £473 from the dividend equalisation account, making, with tho amount brought forward from 1913, a total sum to be dealt with <-f £3.464. An interim dividend of 4 per rent, was paid in June, absorbing £1.314. It. was recommended to pay a further dividend of 4 per cent., whi-h would ab6oTb £1.314. leaving a balance to he carried forward of £356. The premises and plant had been maintained in first-class order, and the sum of £1.360 had been spent in new machinery during the y\ar. The chairman referred to the strike, and said the profit actuallv earned was an improvement. Tho" total paid-up capital was £32 832. an increase of £244, and tho stock-in-trade was £2.828 higher than last vear. Despite the war. the factory had run fairly consistently, and it-? manufactures had 'retained a high reputation. WOOL PALESPress Association—By Telegraph—Copyright. MELBOURNE, December 16. {Received December 16, at 9 n.m.) At the wool sales there was keen demand for the better classes, and the market has recovered from the recent weakness betrayed in ordinary lots. LONDON, December 15. (Received December 16, at 12.5 p.m.) At the wool sales prices were unchanged. Better competition ruled for best sorts, but there were heavy withdrawals for wastv and faulty lots. Tli'c following prices wero realised for tho fleece portions of the clip named : Kaputone, top 251 d, average 23£ d per lb. HOME MARKETS. Press Association —By Telegraph—Copyright LONDON, December 15. {Received December IG, at 12.5 p.m.) Copper. —Forward, £SB 12s 6d ; electrolytic. £6l 10s. " Tin.—Snot, £149 10s; three months, £l4B 10s.* Lead, £l9 ss. Spelter, £2B ss. Wheat. —Market quiet but firm.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19141216.2.35

Bibliographic details

COMMERCIAL., Evening Star, Issue 15677, 16 December 1914

Word Count
769

COMMERCIAL. Evening Star, Issue 15677, 16 December 1914

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