COMMERCIAL

Gisborne Herald, Volume LXX, Issue 21261, 25 November 1943, Page 4

COMMERCIAL

WELLINGTON M.E. COY. The accounts of the Wellington Meat Export Company for the year ended September HO show a net profit of £4202, compared with £4692 in the previous year, and £6388 in 1941. With the balance brought forward there is a credit of £6862. The directors propose a dividend of 7d a share, requiring £4338, leaving a balance of £2524 to be carried forward. Last year no dividend was paid on ordinary shares, which under a capital reconstruction scheme were written down from 20s to 17s. •WOOL TRADE IN U.S.A. Prices for tops on the New York futures market declined 11 per cent during the past month. In part, this reduction has been caused by a decline in United States Government business. Some orders for fabrics on hand have been cancelled. Consumption of wool, although still large, lias not been on the extreme levels previously recorded. It is considered that the quantity used is likely to remain on a high range, but loss of manpower to other activities has somewhat curtailed output. The mills are not able to meet the demands made on them for Government and civilian use. Authorities in America consider that the need for woollen goods is likely to bo great for as far ahead as can be seen. It is recognised that United States milimen will be called upoiiito supply large quantities of woollen apparel for the relief of suffering Europeans. DAIRY CLEARING SALE At a dairy clearing sale conducted by. Messrs. Common, Shelton and Company, Limited, on account of Mr. R. Campbell. Makaraka, yesterday 31 Jersey milking stock, including nine heifers, brought the good average of £lO 9s 3d, the 10 tops averaging £l3 9s 9d. The 22 cows averaged £ll Ss 9d and the nine heifers £S 13s 4d No production figures were produced. Among the pigs. 12 slips sold at 21s.