COMMERCIAL

Evening Star, Issue 19198, 15 March 1926, Page 11

COMMERCIAL

Press Association—By Telegraph—Copyright COTTON, RUBBER, ETC. LONDON, March 13. Cotton.—April, 9.34 d per Jb. Rubber.—Para, 261-d; plantation smoked, SO-^d. Jnte.-—Marcb-April, £52 a ton. Hemp.—January-M.arch, £39 a ton. Copra.—Marcb-April, £29 a ton. Linseed oil, £3l a ton. Turpentine, 60s per cwt.—A. and N.Z. Cable. MEAT MARKET. LONDON, March 13. Sheep.—Canterbury, light 6-Jd, medium did, heavy, 6jd; North Island, light 61d, medium 6RI, heavy 6d; Now Zealand ewes, 4A (all above new season’s) ; Australian ewes, 44d; Argon--tine heavy 44d, ewes 4d. Lamb.—Canterbury, heavy 71d, seconds 73d; other selcctcds, light 1 Ofd, medium lOgd ; North Island firsts, 9gd; Australian firsts, Victorian BRI, others 7<pl; seconds, Victorian 7pl, others 7Ad, thirds Argentine firsts, light 8)d, medium 7RI, seconds 7d. Frozen beef, nominal; New Zealand fores 3RI, binds 4Jd; Australian fores 3RI, binds did; chilled Argentine fores 3id. binds Gd; Uruguay fores 2|d, hinds spl; others unchanged.—A. and N.Z. Cable. TRUST AGENCY OF AUSTRALIA. LONDON, March 12. The Trust Agency of Australia declared a year’s dividend of 32.) per cent, fax free.—A. and N.Z. Gable. CHICAGO WHEAT MARKET. NEW YORK, March 13. Chicago wheat: May, now 1655, old 1645; July, 1435; September, 1375 cents per bushel.—A. and N.Z. Cable. NEW ZEALAND DRUG COMPANY. The forty-seventh animal report of Kempt home, Prosser, and Co.’s Now Zealand Drug Company states that the umappropria.ted balance brought forward from profit and loss account last year was £21,495 38s 9d. The not profit for the year ended January 31 was £54,821) 2s lid, making together £76,316 Is Bd. From this sum is to be deducted £38,195 2s 9d—the amount of interim dividend at 4) per cent.— leaving to be dealt with £58,320 3.8 s lid. It is proposed to apply this as follows; —Dividend of 31 per cent, and bonus of 2 per cent., making 30 per cent, for the year, £23,773 11s 5d ; place to general reserve. £6.000: add staff fund, £5,000 (making it £30,000 for the purpose of providing the nucleus of a staff provident fund); and carry forward £23,342 7s Gd.