COMMERCIAL

Gisborne Times, Volume LXXXIII, Issue 12703, 7 November 1935, Page 8

COMMERCIAL

COLONIAL) SUGAR COMPANY. SPECIAL BONUS DIVIDEND. (U.P.A by Elec. Tel. Copyright). (Received Nov. 6, 10.15 p.m.) SYDNEY, Nov. 6. The report presented 'at the half yearly meeting of the Colonial Sugar Refining Company to-day showed that the profits for that period from factories and other investments amounted! to £443,007, to which had to ha added the balance of the profit and loss account'at March 31 amounting to £100,247, making a total of £852,314. The board proposes to pay a dividend of 12s 6cl and a special bonus dividend of five shillings per share, absorbing £511,875, leaving to the credit of the profit and; loss account £340.439. In moving the adoption of the report, the chairman (Mr. 14. If. Knox) said that the crops in Australia- were lighter tin's season and the total output of raw sugar would nob exceed 650,000 tons or 38)000 .loss than last year availahlle for expoi-jt. Normal weather conditions were now prevailing so that the, 1936 harvest should bo- assured. The Fiji crops wore also lighter than last year, hut the outlook for 1930 was promising. The development of gold mining in Fiji might disturb the local labor supply if not properly controlled and it would noi be to tho good, of the colony if the main industry, sugar, wore damaged. The position, therefore, was being closely watched. It had been rumored that the company intended) to make a, permanent feature of a special bonus dividend. This, added l Mr. Knox, was intended to facilitate payment in favor of inividual shareholders of any extra taxation they might ho called upon to hear by reason of tho distribution of new shares and shareholders would he wrong in assuming anything to the contrary. Thereport was adopted. It was announced! that the New South Wales special income tax on hon«s shares of persons domiciled in Now South Wales would be 29.633 per cent, or approximately 4s lid per share and on persons not domiciled in New South Wales 6.57 S per ceni. or approximately Is Id,. The issue is not subject to Federal taxation. WOOL MARKET. NEW RECORDS IN AUSTRALIA. MERINOS UP TO 271 D. (U.P.A. by Elec. Tel. Copyright). (Received Nov. 6, 11 p.m.) SYDNEY, November 6. At the wool sales 12,528 bales were offered and 12,030 bales wore sold, also 300 privately. There was spirited competition from all sections. The market ruled; at the best- point of the week, with a particularly keen demand for superfine wools showing length. The season’s record price was raised to 242 cl for five hales from Yass, and five bales from Barbara. MELBOURNE, Nov. 6. New wool records wore made at the Geelong sales to-day when Mm cream of Victoria’s merino clips realised 27Jd. Other buyers, operating on behalf of English and American spinners, pa/cl 261 d, 2Gfcl, and 27d.

JTTDES AND SHEEPSKIN SALE. Messrs. Murray Roberts and Co.. Ltd.,, Wellington, report under dale November 1— “At the usual fortnightly auction salo in Wellington to-day wo offered attractive catalogues of both hides and sheepskins to a full attendance of buyers. “Prices for sheepskins wore very firm and for finer sorts prices were about a farthing above last -sale’s level. “Hides recoded from the unusually high level of prices ruling at lasi sale—but values are still from par to a- Halfpenny above prices ruling a month ago. Calf and yearling were casfcr by a halfpenny to three-farth-ings ; light cow were three-eighths, and medium and heavies throe-farth-ings below. last sale. Light ox were easier by five-eighths of a. penny; medium a. penny tin 1 f,, and heavies wore a penny three-eighths lower. “Tallow was firm.” STOCKS AND SHAPES (Press Association.} AUCKLAND, Nov. G. Sales on Change: Grand Junction, 4s; Dominion Breweries, Ids; Waihi, Investment, 17s 3d; Alt. Lyoll, 20s fid; Auckland Gas, 25s Gd; -New Zealand Newspapers, 40s 9d; Neon (Sydney) 50s; Reserve) Bank, £f> 2s Gd. WELLINGTON, Nov. G. Sales on Change: New Zealand .Refrigerating Co., £1 paid, ;C1 2s 3d; Waihi Investments, 17s 3d; Alt. Inell, .Cl Os Gd. cronstciiukch, n o v. g. Sales on Change: New Zealand Breweries, 52s 9d (2); Broken Hill Proprietary, 5s paid, 27s -3d; Consolidated Brick, 9s 2d; New Zealand Parmer s’ Co-operative, 4.1 per cent., stock, 1945, £BS ss; Big ."River, Is lid; Alossy Creek, Is Id (2); Aft. Lyell, 20s 3d, 20s 4d, 20s sd; Rawang Tin, 8s Gd, Ss 7d; Skippers, Ltd., 22d. 2}d. Reported sales: New Zealand Farmers’ Co-operative, 4 ) per cent, stock, 1940, £BS; Argo Gold Dredging, Is 2d (2). DUNEDIN, Nov. 6. Sales reported: Ne,w Zealand Refrigerating, con., 1 Is; Southland Frozen Meat, paid, £3 19s 6d; Government! stock, 1937-40, £lOl 15s; after call, New Zealand Bmvorics £2 12s Gd.

AL4IZE MARKET VERY HIGH IN PRICE ALAIOST UNPROCURABLE IN AUCKLAND Maize is very high in price, and is almost unprocurable in Auckland, says the Star. The Bay of Plenty has been practically cleaned out and weather conditions have interfered with deliveries in the Gisborne district. Negotiations for a shipment from South Africa are being carried on, but so far definite orders have not been, given. v