TATTERSFIELD LIMITED.

New Zealand Herald, Volume LXV, Issue 20111, 23 November 1928, Page 11

TATTERSFIELD LIMITED.

DIVIDEND OF 9 PER CENT. £IOOO -BONUS FOR STAFF.' Increased sales and proportionately larger profits, are shown in the annual report and balance-sheet of Tattersfield, Limited, for tho year ended September 19. The report adds that ample depreciation has been mr.de on plant and buildings, and tho usual provision lias been made"-;for doubtful debts. In addition, the plant has been considerably increased, and tho builditig programme, laid down some years ago, is steadily proceeding. Tile profits for the year totalled £8053 19s 7d, loss an interim dividend paid' of £2199 19s leaving £5854 0s 3d to bo dealt with. This, tho directors propose, should bo dealt with as follows Provision for incomo-tax, £1929 0s 3d; dirertors' remuneration, £175; employees' Christmas bonus, £1000; four per cent, dividend, £2200; one per cent, bonus to shareholders, making nine per cent, for tho year, £550; a total of £5854 0s 3d. The annual meeting will bo held on December 10. The retiring directors are Mrs. Evelyn S. Tattersfield, Messrs. T. R. Clay, S. L. Hirst, A. Ilowey Walker, 11. G. Clark and I<\ O. Tattersfield,> all of whom seek re-election. Tho profits in tho previous year, when a. total dividend of eight per cent, was paid, totalled £7IBO 14s 7d. POTATOES IN MELBOURNE. LOWEST PRICE FOR YEARS. Australian and N.Z. Press Association. MELBOURNE, Nov. 22. Potatoes on tho Molbourno market aro at tho lowest prico for years. They arc selling at 15s a ton as sjoek feed. The normal prico at this period of the year is £4 10s u ton. c IMPORTS INTO CANADA. NEW PREFERENTIAL RATIO. Australian Press Association—United Service OTTAWA, Nov. 21. Tho Minister of Customs, Mr. W. D. Euler, announced to-day that after February 1 goods entering Canada under the British preferential rates must be at least 50 per cent, of Empire materials and labour. The present percentage required is 25. •The change will, it is hoped, stimulato production within tho Empire. A corresponding provision will bo made with regard to imports under the intermediate tariff under special treaties and conventions. AUCKLAND COMPANIES. A NEW REGISTRATION. Details of a private company registered in Auckland yesterday are as follows: W. Batts and Company, Limited. Objects: to acquire and carry on tho business of W. Batts and Company, fibrous plasterers. Capital, £ISOO in £1 shares. Subscribers: William Batts, Henry George Atkinson and Cyril McAdam,.s(jb shares each.

LONDON 'TALLOW MARKET. Australian Press Association—United Service LONDON. Nov. 21. No tallow sales were held to-day in London owing, to the small supplies available. It is hoped to resume the sales on November 28. Dalgety and Company, Limited, report having received the following cablegram from their London house dated November 21Tallow: There is no quotable change. WALL STREET PRICES FALL. Australian and Iv.Z. Press Association. (Received November 22, 5.5 p.m.) NEW YORK, Nov. 21. A total of 6.165.000 shares were sold to-day on the New York Stock Exchange. It was an exhausting session in which a break in prices entailed heavy losses in most of the favourite litics. The tickers were far behind the market as usual. In an effort to eliminate this difficulty the volumes of the sales are to omitted from the tape tO-morrow. General Motors lost 3J points, Montgomery Ward, 12, and other issues also fell. Radio Corporation closed with a gain of one point in the final hour, when terrific selling brought most of (he prices down. On the kerb market all records for volume of sales were broken with a total of 2,214,600 shares. The tapo was half* an-hour late. Up (o last evening sales on thq Stock Exchange totalled 60,407,400 since the election. I ho sale of a seat on (he Exchange was arranged to-day at £105,000. LONDON WHEAT MARKET. Australian Press Association—United Service LONDON, Nov. 21. Wheat.—Cargoes are fully steady, but demand is quieter. Prices nominally are unchanged. By an unnamed vessel in January to Calcutta, 45s 3d; by two unnamed vessels lo Calcutta in December. 46s lid lo 46s 3d : by a vessel to Greece, 48s 6d. 'Parcels arc quieter and some are offered at a decline of 3d. By (he City of Lille 47s 9d; I,y the Neleus, 47s 6d. Liverpool futures: December, 9s 3 5-8 d per centalMarch,*oß ljd; May. 9s sd. CHICAGO WHEAT MARKET. Australian and N.Z. Press Association. N -"CHICAGO, Nov. 21. Wheat.—December, 1 dollar 16 5-8 cents per bushel; March. 1 dollar 215-8 cents; May, 1 dollar 24 1-8 cents.

MELBOURNE HIDES SALE. Australian nnd N.Z. Press Association. (Received November 22, 11.25 p.m.) MELBOURNE. Nov. 22. Hides aro firm at late rales. < SOUTHERN EXCHANGES. [BV TELEGIIArH.—PRESS ASSOCIATION.] WELLINGTON,' Thursday. The following Stock Exchange sales took placo to-dayßank of New Zealand, 61s 9J (two sales); National Bank of Australasia (£5 paid). £9 12s; Bank of New South Wales, £sl 15s; New Zealand Breweries. 57s 3d: Electrolytic Zinc (preference), 375; Holden's Motor Body Builders, 30s 7>jd. CHRISTCIIURCH, Thursday. Tho following sales were made on (lie Stock Exchango to-day:—Now Zealand Government, per cent. Inscribed Stock (1933), £lOl ss; Commercial Bank of Australia, 30a sd; New Zealand Insurance, ,47s 3d; Dalgoty and Company, £ls 4s, £ls 3s; Now Zealand Refrigerating (£1 paid), 19s 9d ; New Zealand Breweries, 57s (eight), 57s 6d (three), 57s 9d (throe), 58s (two); Staples Brewery, 41s 6d; British Tobacco, 44s 6d; Colonial Sugar t £59 10s j Electrolytic Zinc (prcf.), 375; ordinary, 35s (five); Holden's Motors, 30s sd, 30s 8d; New Zealand Guarantee Corporation, 8s 7d; Quill, Morris, 18s 3d; Waihi, 14s lOd, 14s 9(1, 14s lOd; Mahakipavva, Is Id. . DUNEDIN, Thursday. Tho following sales took placo on the Stock Exchange to-day:—Bank of Now South Wales, £sl 7s 'Bd (cum , div.); National Bank, £7 2s 6d.