COMMERCIAL.

New Zealand Herald, Volume LVIII, Issue 17782, 16 May 1921, Page 3

COMMERCIAL.

TAKAPUNA TRAMWAYS CO. PROFIT OF £1532 FOR \EAR. The annual report of the directors of the Takapuna Tramways and Ferry Company, Ltd.. for the year ended March 31, which will be presented to the annual meeting of shareholder on May 24, states that the revenue for the year was £33,480, and the expenditure £31,948, leaving a profit of £1532, to wh.ch must be added the balance from 1920. £4245, making a. total of £5777. Out of this sum the directors recommend depreciation allowances amounting to £1279 £22?* n?u "* carne d forward the sum of i 4498. The report says:—The revenue for *he year increased by £5382 through increases made in ferry charges in order to meet expenses, which increased by £7245; mainly wages, fuel and repairs. Every endeavour has been made to have the tramway fares increased, as has been done in other tramway systems in the Dominion, but so far without success. A Royal Commission sat last September,, v but its finding was not acceptable to the company as it axed lta steamer fares and granted an increase m tram fares which in operation. would-have produced less gross revenue tnanftne company was then receiving. This would have meant that the yearls operations would have shown » ■ loss, as the steamer fares were again increased in December. The plant has been well maintained and good progress has been made, with overhauls to the older engines, while the Pupuke was thoroughly overhauled during the year. The amount of the new issue of debentures was £31,100 and was only sufficient to cover the old issue: therefore, the projected increases to plant cannot at present be carried out. The retiring directors, Messrs. D. Goldie and H. Gilfillan. offer themselves for re-election. dividend Declared. The New Zealand Loan and Mercantile Agency Company, Ltd.. has received cable advice from the head office in London that an s interim dividend has been declared \at the rate of 2i per cent, (less English' income tax) on the Dreference stock, and at the rate of 2 per cent, (free of English income tax) on the ordinary stock of the company. GAS COMPANY'S DEBENTURES. The Auckland Gas Company is inviting tenders for seven-year debentures, bearing interest at the rate of 61 per cent., free of income tax, such tax not to exceed 3s in the pound. " The debentures will be issued in denominations of £50, £100. £250, or £500 if desired. " MANAWATU , STOCK SALES. Abraham and Williams, Limited, report;.— At Feilding on Friday a medium yarding of both sheep and oattle met with a. ready.' sale at late rates. We quote: Fat wethers los 7d to 15s 9d light 15s; fat ewes, 8s Id. 8a Bd. 9s sd, 12s. 12s 3d; fat lambs, 9s Gd to 14s 3d: ewes in lamb to S.D. rams, 13s 9d: wethers, two-tooth. 13s sd; lambs 6s, 6s 9d, 7s 7d to lis 9d; cull lambs. 4s 2d to 5s 6d: empty ewes; 2s 6d to 6s 4d: springing heifers. £11, £14 to £15 10s-. dairy cows to £14 10s: late calvers, £3 10s to £5 15s; forward cows, 36s to £2 10s; store cows, ISs to 50s; Holstein yearling heifers to 31s; Jer-r sey heifers. £3»to £3 12s Gd: fat cows, plain to £5 7s 6d. \ - ' Dalgety and Company. Limited, Patmerston North, report having a fair entry of sheep and a good yarding of cattle at their Feilding 6ale oh Friday. There was a good demand throughout and a totaK clearance effected. Quotations: Small W.F. lambs. Ss; medium W.F. lambs, 7s 6d to 8s; medium B.F, lambs. 7s 6d to 8s 3d; good two-tooth wethers. 15s 4d;» fat'B.F. lambs, los 4d: mixed fat sheep, 12s 7d; fat wethers. 18s 10d: small, weaner steers, 8s to 10s: small weaner heifers, lis; dairy weaner heifers. 245: bush-fed Hereford weaner heifers. 355: hush-fed Hereford weaner steers, £2 sb; light condition 3-year steers. £3 2s 6d; 3i-year bullocks, £5 Is; light fat cows. £3 13s 6d; fat cows, £5 to £5 15s; store cows, '£2 8s to £2 15s; backward dairy cows. £5 10s; fat bullocks, £9 to £9'-Us / '

LONDON WOOL SALES. Lalgety and Company, Ltd., have received the following cabled advice from -their London offico.""dated May 12:— ■- • *.. Wool.—Sales closed. . Market very active, and competition animated. As compared •with last sales' closing rates. Merino wools, good, were g per cent, to 1Q per cent, higher, medium'and inferior sorts 10 per cent to IS per cent, higher.' Super Mermo ftyeraged 40 per cent, higher. Scoured Merino wools, good 10 per cent, to 16 per cent, higher; Merino pieces, bellies, and locks 15 per pent, to 20 per cent, higher; crossbred, fine quality 10 per cent, higher, medium 5 per cast- fo 10 per cent, higher, coaree s~per cent, higher, scoured crossbred 10 per cent, higher; alipe, 5 per cent, to 10 per cent, higher; wools suitable for carbonising, 20 per cent, higher. Very email demand for lambs* wool, Ninety* five per cent, of offerings of free .wool have been sold; 80 per cent. B.AJW.B.A. The fifth aeries of wool sales commence on June 7, About 60,000 ba.!ea Free to be offered, including 1800 Cape wool. It is expected that 8.A.W.8..A. will offer 60,000 bales. The list of arrivals is closed.'

FROZEN "MEAT PRICES. Dalgety and Company, Ltd, ara 40. receipt of the following cablegram from their head office, underrate May 13:-.. Frozen Meat.^-iLamb: New Zealand prjsie crossbred, la lid per lb; good demand at the decline. Mutton; New Zealand price unchanged, but difficult to maintain. South American selling at 7id, Beef: Exports large. .