STOCK EXCHANGES.

Lyttelton Times, Volume CXVII, Issue 18217, 3 October 1919, Page 8

STOCK EXCHANGES.

OTHER EXCHANGES. [Peb Pbess Associattow.] DUNJUILV, October 2. Sales on 'Change.—Talisman Consolidated, 12e Id; Now Zealand Refrigerating (new issue), 255. WELLINGTON, October 2. Sale, reported—Bank of Australasia, £127 17s 6d, ex dividend.

SEFTON MUTUAL DAIRY ASSOCIATION.

The thirty-first annual meeting of the Scfton Mutual Dairy Produce Association was adjourned from September 25 owing to tne absence of a quorum. On the amended data the attendance was again short of the requisite number, as a clearing sale was being held near the township. In accordance with the articles of association, the directors will now carry on the business for another year. _ The retiring? directors, Messrs J. D. Wyllie and W. Hayes, will be re-elected, and a shareholder will bo appointed to fill a vacancy on the directorate caus-d by the departure of Mr J. E. Burns from the district. Messrs J. Marshall and C. I. Jennings will also bo re-olocted auditors. The directors, in their annual report, congratulated tho shorehoiders and suppliers on the termination of another successful season, which had resulted in a net profit on the year's working of £460 9s Id, as compared with £256 6s 4d for the previous year. The Imperial Government were again taking the export butter at last year's price of Is 4d ia-lCd per lb f.o.b. Owing to tho dry spell during the season, tho output had decreased a littlo, the figmes being 212 i tons as against 220 1-10 tons in 1917-18. The output for 1916-17 was 171 1-7 tons, when the number of suppliers was 248. The suppliers now numbered over 362, which was a sufficient guara tee of tho satisfaction given by tho association, and tho confidence of the suppliers. Tho directors proposed to pay a 6 per cent dividond on all paid-up capital, and this would amount to £142 19s 6d; also to carry tho balance of £317 19a 7d forward. A summary apponded to the report was as follows.—Milk received at Woodend, 106,999 lb (1317-18, 802,-l951b); at. Drabblo'a Corner, 864,7321 b (634,0631 b); cream received at Sefton, 974,8611 b ((939,757); averago overrun, 16.8 (17.1); number of suppliers, 362 (324); averago prico paid for butter-fat, 'ls 6d per lb (Is 4Jd per lb); tons of butter manufactured, 212 J tons (220 1-10 tons); cost of manufacture per lb, 1.93 d (1.91 d). The trading account showed:—Sales, £39,326 17s €d: butter on hand, £24 Is 6d; sale of buttermilk, £25; total, £39,475 19s. Tho value of tho stock of butter on hand at the commencement of -the year was £776 6s Bd. Payments wero:—To suppliers, £29,893 17s lOd, and bonus £3446 6s lOd; for requisites, £B5l 8s Id; a total of £35,067 19s Ed, leaving gross profits of £4107 19s 7d. The profit and_ loss account showed the eacpenditure to have been £3963 0s Gd, leaving a net profit of £460 9s Id. The chief items of expenditure were:—Coal, £495 5s 7d; wages, £'257 7s 4d; caTtago, £529 14s 6d; railage, £389 5s 2d; freezing export charges, £366 19s 2d; di°counts and commissions, £l3l 14s 8d; and interest, rates and insurance £268 17s 4d. The liabilities fnlly covered by iiafeta wero £6960 19s 2d.

CHBISTCHURCH. Following are the latest quotations:—' Buyers. Sellers. £ • d £ ■ a DEBENTURES— N.Z. Government <1 per cent bonds, 1933 96 0 0 N.Z. Government 4 J per cent inscribed 96 0 0 BANKS— Commeroial of Australia (4 per cent, cum pref.) 6 8 0 National of New Zealand .... 6 10 0 Now South Wales . 89 0 0 INSURANCE— New Zealand . . 114 9 LOAN' AND AGENCY— Goldsbrough Mort. (Melbourne) 2 8 0 Nathan and Co., Ltd. (cum div., £1 paid) 0 19 6 1 10 0 SHIPPING— Huddart-Parker . 2 5 9 ft 6 6 Howard Smi.h . . 1 17 6 FROZEN MEAT— N.Z. Refrigerating (20s paid) . 3 6 0 N.Z. Refrigerating (10s paid) . 1 6 0 Wellington (£5 paid) 6 10 0 Wellington C£2 12s 6d paid) . . . 3 7 6 WOOLLENS— Wellington . 8 0 0 BREWERIES— Manning . '. t 0 0 MISCELLANEOUS— Bcath and Co. (ox div.) .... in 6 Burns, Philp (Sydney) 1 17 3 N.Z. Farmers' Co-op. (cum div.) 2 7 0 2 7 6 N.Z. Sutjar of Milk (cum div.) . . 1 13 « > Papuan Products 0 9 6 Sharland and Co. 1 11 0 Sharland and Co. (pref.) . . . 1 11 0 Weeks 6 17 6 Whitcombe and Tombs (cum. div.) 6 14 0 Canterbury Publishing ... . 0 17 6 MINING— Mount Lyell . 1 6 6 Talisman . . . 0 12 6 Sale reported—Manning's Brewery, £L