DALGETY AND COMPANY.

New Zealand Herald, Volume LXVI, Issue 20402, 2 November 1929, Page 9

DALGETY AND COMPANY.

NET PROFIT OIF £422,000. DIVIDEND OF 17 PER CENT. DaJgety and Company, Limited, have received advice from their head office in London that at the annual meeting, to be held on November 14, the directors will recommend declaring a final dividend of 3 per cent., making (with interim dividend already paid) 10 per cent, for the year ended June 30 last, together with a bcftius of 7s a share. .The dividend and bonus are payable on November 18. The directors propose writing down premises £25,000, transferring £25,000 to staff provident fund, appropriating £60,000 for staff bonus, and carrying forward £227,900. Following is a comparison of the company's results and appropriations for the last three years, the amount of net prolit being approximately correct: — 1926-27. 1927-28 1928-29. BroiiKht forward . £211.112 £223,405 £195.352 Net profit . . . . 282.053 351,887 422.548 £493.405 £575.352 £1517.900 Staff fund . . . . 25.000 25.000 25.000 Premises account 25.000 25,000 25.000 Staff bonus . . 35.000 50.000 00.000 Dividends— Pref., 5 p.c. . 25.000 25,000 25.000 Old., 17 p.c. 170.000 255,000 '255.000 Carried forward . £223.465 £195.352 £227.900 The company's capital was increased in 1927 to £2,000,000. of which one-third is in preference and two-thirds in ordinary shares. The reserve fund is £1,500,000. THE LONDON MARKETS. y PRICES OF METALS.

(Received November 1, 7.5 p.m.) LONDON, Oct. 31. (Quotations on October 28 in parentheses.) Copper.—Spot, £7l Is 5d (£72 3s three months, £7O 18s 9d (£72 3s l^cl). Electrolytic Copper.—Spot, £8.5 10s (£B3 10s); three months, £B4 (£B4 10s). Wire Bars.—Spot,, £B4 (£B4 10s). Lead.—Spot, £22 10s ( £25 7s 6d) ; three months, £22 7s 6d (£23 ss). Spelter.—Spot, £22 Is 3d (£22 2s 6d): Lhree months, £22 10s (£22 10s). Tin.—Spot, £lB9 2s (3d (£lB3 12s 6d); three months, £192 2s 6cl (£lB7 12s 6d). Silver. —Standard, 23d (22 15-16 d) per oz.; fine, 24 3-16 d' (24 15-16 d). BRADFORD TOPS. Quotations are unchanged. Merinos are very firm, but operatoris are unwilling to follow Australian price;?. Crossbreds are somewhat irregular. WHEAT, FLOUR, PULSE. ETC. Wheat.—Cargoes are firm with quotations from 9d to Is dearer. The fall in the bank rate and a forecast of smallerPlate shipments, led to some expansion in business. Parcels held a9dtols 3d advance, but trading was confined to La Platas. Futures: London, October delivery, 48s lid; November, ''lßs 9d; December, 49s 3d ; January, 49s lid. Liverpool : December, 9s 1 7-8 d per cental: March, 9s 8 7-8 d; May, 9s 11 7-8 d; the spot trade is dull; Australian, ex ship, 455. Flour.—Easier. Australian, ex store, 35s tc 35s 6d. Oats.-rQuietly steady, Peas and Beans. —Quiet. Beet Sugar.—December, 8s sd. MARKET REPORTS. FRUIT AND PRODUCE PRICES.

Large supplies of strawberries at comparatively reasonable prices were available at the Auckland City Markets yesterday, and a special sale will hei held this morning. Apples were very scarce, the demand, which ba:i been fluctuating for some time, being improved. Supplies of pears have practically finished. There was a good demand f: r Island oranges, the other varieties meeting with only a fair response. Lemons continued to be dull of sale. There irere no outstanding changes in the other lines. The field produce market was heavily supplied with new potatoes, cabbage, cauliflower and swedes. Lart:;e stcoks of green peas, broad beans and all. lines of root vegetables wens available). There was a fair demand. Both new and southern potatoes hare decreased in price. Cabbage and cauliflower sold at considerably reduced values. The prices for most of the other lines showed an easing tendency. There was a medium supply of poultry, the prices remaining about the same as last week. A keen demand existed for table birds. Turkey hens brought 5s to 8s each and gobbler!! 8s to 15s each. A decrease of about !!d a poupd in the price of farmers' butter was the only change in the dairy produce section. There was the usual demand for plentiful supplies of hen eggs, but large stocks of duck eggs met with a poor response. Increased supplies of farmers' butter were very slow of sale. The following prices were realised yesterday : FRUIT.

Apples, Delicious, extra fancy, lis to 16s a case; others, 10si to 12j; Stiarmers. 9a to 12s fid; Doughertys, 93 to 11b; Grannie Smith, 10s to J4s, Pe;,rs, Nellis. 16s to 19s; Coles, 15s to 18s 6d; P. Btirrys, 9s to 12s. Lemons, No. 1 choice, 8s tp 10s; medium and No. 2, 5». to 7a. Tomatoes, hothourse, 9d to 2s Id per lb. Oranges, Island repacks. 253 to 30s a casio: Poorman, No. 1, 9s to 123 6d: Sydrusy V'alencias, 19s to 061; Californian, 40s to 445. Strawberries, Capt. Cook. 2s to 2n 9d a chip: Marguerite, Is to 2s OJd. Bananas, repacked, rioe, 28s to 32s a case; No. 2 and medium, 15s to 255. Grapes, Californian, 25s to 27s fid a barrel. FIELD PRODUCE. Potatoes, southarn, 7s to 8s 6d per cwt.; now, lid to 2d per lb.: onions, Canadian, 15s to 17s fid a gase; spring, fid to la 3d a bundle; kumara Tamranga and .tsland, 9s to 10a per cwt.; cabbage, 2s to 7s a sack; on benches. Is f'd to 3s a dor.en; cauliflower, 4s to 10s a sack; on bunches.! 2a to 8s Gd a dozen; swedes, tu to In Gd a bag; pumpkins. 12b to 17s per cwt.; on benches, Is fid to 2s Gd each ; green peas, 4d to 5d per lb; 1 eana Gd to Is; lettuce. 2a to 7s a case; cucumbers, hothouse, 7s to 9s a dozen; rhubarb, Is fid to 4s 6d; spinach, 9d to Is 3d; radish, 6d to lOdj carrots, parsnips, beet and turnips, 8d to Is 3d; asparagus, 8d to lid a bundle; 2d to 4d. POULTRY. Cockerels, heavy prime, 6s to 8a each; not prime, 3S fid upward; litrht, prime, 4s to 5s 6d; not prime, i!s fid upward: fat roosters, heavy, prime, S!.'i 6d to 3s 6d; light, 2s to 3s; fat hens, heavy. 3s to 4g; light, 2s to 3s; pullets, heavy, best. Is tp 5s fid; smaller, 2s 6d upward; light, best, 4s to ss; smaller, 2s Gd upward; drakes, young, prime, 3s to 4s; smaller, 2s upward; old. Is Gd to 2s Gd; ducks, young, 3s to 4s; old, 1b (3d to 2s Gd: geese, lis to 5s Gd; turkey hens, 5s to 8s; gobblers, 8a to 15s; cockerel chicks, henvy, 4d to In; light, l}d to 4d; day-old Blaok Orpington chicks, Gd to 8d; Leghorn, 4d to Gd DAIRY PRODUCE. Hen eggs, first Quality, special grade. Is 4}d a dozen; A grade, Is 3d; B grade, Is 2d; duck eggs, first quality, special grade, Is 2d; A grade. In Id; B grade. Is; farmers' butter, la to Is 3d per lb. TARANAKI BREWERY, LTD. The annual meeting of shareholders of Taranaki Brewery and Cordials, Limited, was held at New Plymouth this week. The press profit for the year was £331 14s 6d. The following amounts were written off; — Depreciation, £157 9s fid; preliminary expenses, £100; bad delxs, £l3O 18s 3d.. PROPERTY SALES. A five-roomed hruse on a quarter-acre section in Valley Road, Henderson, and a section of one rood 13.0 perches, in Layard Street, Avondale, offered nt auction yesterday by Samuel Vs.ilo n.nd Sons, Limited, realised JE72O and J2223 respectively. A six-roomed house on n flection of approximate!} sift l>y 319 ft.. in Mont Lo Grand Road, Mount Eden, offered at auction yesterday by William A. Home, Limited, was bought in by the mortgagee for £1650.