COMMERCIAL.

New Zealand Herald, Volume LXI, Issue 18713, 20 May 1924, Page 5

COMMERCIAL.

WILSONS (N.Z.) CEMENT, LTD.

DIVIDEND OF Is 7d PER-SHARE.

The sixth annual report of the directors of Wilsons (N.Z.) Portland Cement. Ltd.. to be presented to shareholders at the annual meeting on Wednesday, June 4, states that the net profit for the- year, after .makinK Srovision for depreciation, bad and doubtful ebts, and taxes, is £56.708 5s 64. The balance broueht forward from last year v as £26,616 Us Id. The interim dividend absorbed £22,600. leaving available for appropriation 59,828 16s 7d. . __ This the directors recommend should _be disposed of as follows:—Payment of a dividend at the rate of lOd per share (making Is 7d per share for the year). £25.000: leaving balance to be carried forward. £34,823 16s 7d. ■ ; The retiring directors are Messrs. John Wilson and A. B. Eoberton. who offer themselves for re-election. '~

Following is a comparison of the company's results in the last three years: 1921-22. 1922-23 1923-24. £ £ £ Brought forward , 13,867. 17,355 25,615 Net profits .. 41,988 53,259 56,708 Dividend Bate p.c. .-. 6i 7i 7 11-12 Amount .. . . 37.600 45,000 47,500 Carried forward £17,355 £25.615 34.823 Land, buildings and plant are set down at £414.460. a reduction from last year's figure of £30,745; stocks of cement, lime, stores, £48,401, show an increase of £21,375; sundry debtors. £74,360. is less by £3698: Wilsons Collieries. Ltd.. and other investments. £130,095, show an increase of £48.800; while cash and bank balances, £69.224, is less by £32,621. The total assets, £730,540, show an increase of £3113. Of the liabilities, capital remains at £600,000; creditors, including provision for income tax, £68,590, is lees by £7502; while marine insurance account, .£8127, snows an increase of £1408. LONDON WHEAT MARKET. Australian, and N.Z. Cable Association. (Reed. 6.5 p.m.) LONDON. May 18. Wheat cargoes are firm, sellers asking 3d advance. Demand slow, parcels are firm, but trade is slow. Prices show an advance of 3d. PROPERTY SALES. Mr. C. F. Bennett will offer for sale by fublio auction, at his rooms. New Zealand nsurance Buildings, at noon, to-day, semibungalow of 5 rooms, at No. 26, Ascot Avenue, Bemuera.

WAIKATO STOCK SALES. Th© Farmers' Co-operative Auctioneering: Ltd., Hamilton, report as follows on t? k * Baea held m the Waikato last week :— -beet has not .maintained the buoyancy remarked upon in our last report. Good yarding are noticeable everywhere, cow beet especially being very plentiful. Mutton has not shown much alteration. Values are still linn, tattle improvement is apparent in the store cattle market, competition for all classes lacking spirit. Grown steers are the subject of .air inquiry, but the failure of the turnip crops must limit competition for that Class, the export companies are still in" a position to deal with forward-conditioned cows and within their limits are consistent purchasers. Young steers are now so scarce that it is not possible to report. The inquiry «f r +v, l i C^i, i W6 I V l i not strong. The turn n«=j?£ * eel Mv ßh °™. an unfriendly disposition toward the dairy section. Very considerable stocks are on , hand and many nnn,,l«^ Blco 'V n ? lslry - C i llvefl "main unpopular except for occasional choice lots'. =11 m. ee P. a, everywhere in keen demand, all classes tending to advance. Many goo<i sales of ewes in lamb are reported. All fat pigsi offering: are quickly absorbed. It is worthy of notice that this cless is from 15s «™.*„ES rh ?*l moT& valuable than at the same period last year. There is a constant inquiry ? r > eftv 7 draughts suitable for city work, but for other classes the demand is not strong. /We quote, as follows:— Bul-j-r A * eOTl & une ** 10s , *° £11 5e - medium £7 10s to *8 lOs: cows, heavy £5 10a to £7. medium . £4 to £5 6s, forward £ 3 to £3 log stores £1 ss,5 s , to , £2; 3*-year steers, forward £5 to £5 10a. stores £4 to £4 16s: 2i-vear Shorthorn steers, best £3 10s to £4, medium £ 3 }**»&«*** , ss: 18-month a steers, best £2 .to £2 15*3 6d. medium £1 15s to £2 2s 6dprime wethers, shorn, heavy 36s to £2* medium 82s to 34s ed; prime ewes, shorn! heavy 24* to 27s 6d; 4-tooth store wethers snorn, £? 3 *to 31s; 2-to.oth store wethers, shorn, 24s to 27a: 5-year ewes in lamb, 24s to 28s; s.m. ewes, 18s to 22a 6d; forward lambs, 19s to £1 Is: store lambs, good 17s to 19s. medium 16a to 17s, small 10s to 13s Pigs: Heavy baconers, £4 to £4 10s-. light banners. £3 5s to £5 ,158; heavy porkers, £2 10s to £3: light ■porkers, £2 to £2 7s 6dslips, ilj.a £1 7s 6d: weaners. 10s to 16s Horses: Heavy draughts. £45 to £55: medium a drafts. £24 to £52; light draughts, £17 to £20; harness horses, £10 to £15hacks. £5 to £10. '