COMMERCIAL

Evening Star, Issue 19856, 3 May 1928, Page 4

COMMERCIAL

FARMERS’ FERTILISER COMPANY. [Peh Unitfd Press Association.] AUCKLAND, May 2. The annual report of the New Zealand Farmers’ Fertiliser Company states that the net profit earned this year is much less than that in the three preceding years, a fact which is entirely due to the keen competition which obtained for more than nine months of the period. However, there was a marked increase in the output, with a consequent lower overhead cost. The profit amounts to £17,625 15s 2d, which, together with the balance from last year, makes available a sum of £30,862 Os sd. Owing to the smaller profit earned the directors recommend that the dividend he reduced to 6 per cent., absorbing £15,71!) 14s, and leave £15,142 6s 5d to bo carried forward. DUNEDIN STARR-BOWKETT. A meeting of shareholders of the Dunedin Starr-Uowkett Building Society was held in the Oddfellows’ Hall last evening, Mr T. J. Walker presiding. The 196th appropriation of £SOO in the No. 3 group was disposed of by ballot, cluster No. 84, hold by one shareholder, being drawn. The ninety-second appropriation of £SOO in the No. 4 group was disposed of by ballot, cluster No. 340, held by two shareholders, being drawn. Tho fifty-second appropriation of £SOO in the No. 5 group was offered for sale, and realised a premium of £29 for £3OO and £25 for £2OO. The twentythird appropriation of £SOO in tho No. 6 group was disposed of by ballot, clu-s----tor No. 285, held by oao shareholder, being drawn. FLOUR, BRAN, AND POLLARD. SYDNEY, May 2. The prices of Hour have been increased by 5s to £l3 15s, bran 10s to £7, and pollard 5s to £B. UNITED STARR-BOWKETT. The monthly meeting of the directors of the ' United Starr-Bowkett Building Society was- held on Tuesday evening, when four loans were granted to applicants. The following appropriations in the various groups were arranged for:—No. 3 group, £I,OOO, by ballot and sale. May 17; No. 9 group, £I,OOO, by ballot and sale, May 1/; No. 4 group, £IOO, by ballot and sale, May 31;. No. 8 group, £I,OOO, by ballot and sale, May 31; No. 7 group, £I,OOO, by ballot and sale, June 14; No. 10 group, £BOO, by sale, June 14. CHICAGO WHEAT QUOTATIONS. 'Press Association—By Telegraph—Copyright. NEW YORK, May 2. (Received May 3, at 9.10 a.m.) Chicago what: May, 16U cents per bushel; July, 161 g; September, 158 J Australian Press Association.