WOOL INDUSTRY

Northern Advocate, 18 August 1933, Page 9

WOOL INDUSTRY

CONSIDERABLE IMPROVEMENT. WELLINGTON COMPANY’S J .STATUS. v Per Press Association. —Copyright.) WELLINGTON, This Day. In moving the adoption of the annual report and balance sheet at the Wellington Woollen Company’s annual meeting, the chairman, Mr W. H. P. Barber, said;—“lt is satisfactory to know that wool is showing a considcrable improvement in price, which we "hfijic to see maintained when the New Zealand season opens in November, as a substantial rise in dairy products is the rWI panacea for New Zealand’s prosent\fmaneial trouble. “Our bpok debts are £55,763, against £48,409 last year, from which ample provision has been allowed for contingent losses. In the statement of profit and loss the gross return is less by £7395, but the fall is helped by reduced overhead to the amount of £44(59, the total changes this year being £23,4(53, against £27,932. Taking the fgures on the w r hole, I think the result shown should be considered satisfactory in the face of existing conditions, such as severe unemployment—affecting especially our clothing sectiondeflation of purchasing power of all classes, resulting in the restriction of l aying by traders, the essential limiting of credit, the loss of customers by Hie closing of retail shops, and keen competition for the reduced trade offering.”

good propit. WINCSCOMEE ACCOUNTS. BY'LiSEY, August 17. The accounts of Winchcombe Larson, Ltd., wool-selling brokers and produce agency company, .Sydney, for the year ended June 30, show a net profit of £41,001, an increase of £1854 over the previous year. bonds and shares. AUSTRALIAN TRANSACTIONS. SYDNEY, August 17. On the Sydney Stock Exchange today the market was quiet by comparison with recent average daily business, and values showed a tendency to ease. Gilt-edged stocks and banks lost some of their recent support. This morning’s sales included; Commonwealth’s 4 per cent bonds, 1938, £lO3 16/3; 1957, £104; Anthony Hoiden, New Zealand delivery, 10/5; Associated News, preference, 18/10$; British Tobacco, 33/1$; Goldsbrough Mort, 28/3; Henry Jones, 38/9;

Sales this afternoon included: Commercial Bank of Sydney, £l7 13/; National Bank, £5 paid, £6 8/; Australian Gas, A shares, £7 7/6; Associated, News, 8/5; ditto, preference, 18/0; | British Tobacco, 35/; Anthony Horden, New Zealand delivery, 10/5; ditto, preference, 19/101; Berlei, New Zealand delivery, 27/; Berlei, 10/ paid, 13/3; Goldsbrough Mort, 28/11; Morris Hedstrom, 18/10$; Henry Jones, 38/9; Australian General Insurance, 10/3; Australian Provincial Assurance, 11/6; Greater J. D. Williams, 6/9; Standard Cement, 10/3; J. Fielding, 62/; Tooth’s Brewery, 38/3; Wunderlich, 20/1$; General Industries, 9/5; Carlton Brewery, 39/; Mt. Lyell, 23/3; Broken Hill Pty., 36/9; South Broken Hill, 58/3; Mt. Morgan, 39/7s; Bulolo Deposit, 2/7s. Melbourne sales included: Commercial Bank of Australia, 16/5; National Bank, £5 paid, £6 8/; Goldsbrough Mort, 28/4s; Dunlop Perdreau, 18/1; Huddart Parker, 31/. producFmaekets. SYDNEY AND ADELAIDE. SYDNEY, August 17. Following are today’s quotations on the Sydney produce market} —Wheat: Owing to disorganisation of overseas market, the wheat trade is practically at a standstill. Bagged and bulk wheat on country sidings arc quoted at 3/5, equal to about 3/1 and 3/ respectively ex trucks, Sydney. Flour, £lO 15/. Bran and pollard, £5. Potatoes, Tasmanian, £6 10/ to £7; Victorian, £5 to £5 10/. Onions, Victorian, brown Spanish, £4 10/. Oaten hay, Victorian, £7 10/. Maize, yellow and white, 4/4. Adelaide prices are;—Wheat; Growers’ lots, 3/os, Flour, bakers’ lots, £9. Bran and pollard, £5 2/8. Oats, Algeria, 2/1.

HUDDABT PACKER, LTD. INTERIM DIVIDENDS. <Per Press Association.—Copyright.) WELLINGTON, This Day. , The directors of Huddart Parker, Ltd., Melbourne, have advised the Stock Exchange Association that interim dividends of 3 per cent on preference shares and 24 per cent on ordinary shares have been declared for the half-year ended June 30. Payment will be made on September .14. FIRST SPRING- LAMB. BLENHEIM SHIPMENT. (Per Press Association. —C-jpyrlght.) BLENHEIM, This Day. The first spring lamb of the season will be available in Wellington this week-end, a shipment being made today from Blenheim. The shipment is at least a. fortnight ahead of last year’s first shipment. From now onwards small lines will be forwarded according to buyers’ requirements. BRITISH WAR LOAN. RATE UNCHANGED.

(British Official Wireless.) RUGBY, August 36. War loan, 3-J per cent, is quoted today at £99 16/3, same as yesterday. STOCK SALE GOOD YARDING AT OHAEAWAT The North Auckland Farmers’ Coop., Ltd., report having held their monthly stock sale at Ohaeawai yesterday, when there was a fair yarding in all grades of cattle. Dairy cows made from £2 10/ to £5; dairy heifers, £2 to £5 7/6; fat cows, £2 to £2 15/; fat bullocks, to £4 15/; yearling Shorthorn steers, to 17/6; boner cows, 17/0 to 22/6; cows and calves, to £2 4/; pedigree Jersey bulls, to 6j guineas.