COMMERCIAL

Greymouth Evening Star, 5 September 1934, Page 8

COMMERCIAL

SYDNEY WOOL SALES. [BY CABLE —PBEBS ASSN. —COPYBIGHT.] SYDNEY, September 4. At to-day’s wool sales, 6698 bales were offered and 4666 were sold, also 1314 bales privately. There was good competition from Japan and Yoikshire, also fair support from and Germany. The market was about equal to yesterday’s auction. Greasy merino sold to 15Jd for fifteen bales from Ashley. The figures secured for the Western District clip of an average of sixtyfours to seventy quality, showing good length, but carrying some dust anti vegetable fault were as Ewes, 1933, 163 d per 1934 ’ wethers 18d and 12d re ®P®^ broken 14Sd—Hid; pieces Hid—B 4 d, bellies 10^d —7d. GOLD AND EXCHANGE. LONDON, September. 4. Gold 140/10J, dollar 501 1-8, franc 74 7-8. STOCKS AND SHARES. CHRISTCHURCH, September 5. ’Change: Govt. 4 per cent - B°“ d Q s ; 1940, £lOB/5/-; E.S.A. Bank £5/7/9, Bank N.S.W. £32; Reserve Bank £6/9/- (7); Dalgety and Co. £J 2/6- Tooth’s Brewery 45/6; British Tobacco (cum. div.) 37/2; Dunlop Rubber (cum div.) 20/5; Glenroy 1/2; Goldfields Dredging 1/1; King Solomon (cum div.) 4/3, (2); Moonlight Nelson Creek 1/7; Nevis Diesel Electric 4Jd, (2); Rawang Tin 9/2; Mossy Creek 1/7. Reported: Bank ot New South Wales £32; Mining House Concessions (9d paid) sd, 51d. AUCKLAND, September 5.

Sales: Mataki 2/6; Grand Junction 4/41; Guarantee Corp. 4/8; Taupo Totara 7/-; Dunlop 20/6; Farmers’ Fertiliser 19/9; Woolworth’s Pref. (Sydney) 26/41; Zinc 28/-; Cement 30/-; Bank New Zealand 47/6; North Broken Hill £5/2/6; Stock, 1940, £lOB, (1955) £llO/15/-. DUNEDIN, September 5. Sale: Bruce Woollen ord. 13/-. Reported: Woolworths, Sydney (2) 69/-, Dunedin Brewery 27/6, late yesterday, Skippers 71d. WELLINGTON, September' 5. Sales: Com. Bank. ord. 15/11; Bank of New Zealand £2/7/6, £2/7/3; National Bank Australasia £l2/12/-; Bank N.S. Wales £32; New Zealand Guarantee Corp. 4/7; Taupo Totara ord. 6/10; Consolidated Brick 10/6.

STANDARD INSURANCE Cp. DUNEDIN, September 3. “In view of the very difficult times which have been experienced during the last 12 months, and of which we have not seen the end, I feel sure you will agree that the report and accounts placed before you to-day show a satisfactory position,” said Mr W. F. Edmond, Chairman of directors, in moving the adoption of the annual report and balance-sheet at the sixtieth annual general meeting of the Standard Insurance Company this afternoon. Summarising the year’s results, the chairman said the net revenue for the year amounted to £171,366 3/5, and the expenditure to £123,693 1/10, leaving a balance of £47,673 1/7, to which had to be added the balance brought forward from last year, viz., £23,858 18/10, making a total of £71,527. From this an interim dividend was paid in March last, amounting to £12,500, leaving available a balance of £59.027, which the directors have, subject to approval, dealt with in the following manner:—Allocated to reserve fund £20,000, depreciation £5,000, given to staff provident fund £1,500, and recommend that the balance (£32,527) be dealt ■with as follows: — To pay a dividend for the half-year ending June, 1934, at the rate of 1/3 a share, and carry forward to next year £20,027. The report was adopted, and the retiring directors, Messrs W. F. Edmond and E. C. Hazlett, were re-elected.