LOAN AND MERCANTILE.

New Zealand Herald, Volume LXVI, Issue 20420, 23 November 1929, Page 9

LOAN AND MERCANTILE.

NCREASED PROFITS SHOWN*

DIVIDEND OF, 8 PER CENT*

' LONDON", Nov. 21. The annual report of the New Zealaijd Loan and Mercantile .Agency Company for the year ended June 30 shows a net profit, after writing £IO,OOO off premises, of £179,715. The directors have appropri- % ated £IO,OOO to the staff benevolent fund. .After payment of dividends a balance of £58,412 will remain to bo carried forward..

Following is a comparison of the company's results and appropriations for the last three years:— . 1027. 1023. 1929. Drought forward .£45,286 £17,597 £51,196 Net profits* .. 148,992 170.099 179,716 f 194.278 £223,G9G £230,9.'.3 Staff fund r.v 10,000 10,000 -10,000 Dividends— , Pref , 5 p.c. -,v 50.000 50,000 Pref., Gi p.c. •.. 11.081 - 32,500 32,5(0 Ordinary p.c. .. 7} 8 8 Amount :.-v 75,000 80,000 80,000 Carried fwd. £17.597 £51,196 '£58,412 •After writing £IO,OOO off premises. The rate of the final dividend on the ordinary stock is 5 per cent., as announced in the Herald on November 9. STAFF APPOINTMENTS, SOUTH ISLAND MANAGERS. [BY TELEGRAPH. —OWN CORRESPONDENT. 8 DUNEDIN. Friday. Mr. C. N. Draper, who is going to England early in the new year, has re< signed his position as manager of the Dunedin branch of the New Zealand Loan and Mercantile Agency Company, Limited. Mr. J. A. Cameron, who is manager of the InvercargiU office, will succeed Mr. Draper in Dunedin, and_Mr. W. J. McKitterick has been appointed manager in Invercargill. LONDON DAIRY PRICES. BUTTER MARKET FIRM. NEW ZEALAND 172s TO 1745. LONDON, Nov. 21. The butter market is firm,._ with a slightly bptter demand. Danish is quoted at 190s to 1925: choicest salted New Zealand, 172s to 1745; Australian, 170s to unsalted, New Zealand, 182s to 188s;. Australian, 176s to 180s. The cheese market is firm. New Zealand coloured is quoted at 945, white at 965. REPORTS FROM MERCHANTS. CHEESE MARKET'S FIRMNESS. Dalgety and Company, Limited, report having received the following cablegram from their London house, dated November 21:—Messrs. Samuel Page and Son report: Butter—The market is quiet.New Zealand finest salted, 170s to 1745; Danish, 188s to 'l9os; Australian finest unsalted, 176s to 178s; salted, 170s to 1735; good average quality, 164s to . 1665. Cheese: The market is firm. New Zealand white. 95s to 965; coloured, 93s to 945; Canadian white, 96s to 98s; coif cured, 96a to 935; c.i.f., 94s- £o. 965., . Joseph Nathan" and Company, Limited, has received the following cablegram from its London house, Trengrouse and Nathan, Limited:—Butter, 1745. Market very slow. Cheese: White, market cleared; coloured, 935. Market quiet. Amalgamated Daries, Ltd., received the following market report from its London office yesterday:—Butter: t Pri'ces _ unchanged. Finest, 1765; market quietly steady. Danish, 185s. Cheese: White, 965; Coloured. 945; market quiet at advance. W. W. Bowker has received the following cablegram from A. .T. Mills and Company, Limited, London, dated November 21": —Butter": The market is slow. New Zealand finest, 173s to 1745: firstgrade, 171s to 1725; Danish, 188s to lSOsj Australian, 170s to 172s;' stored New Zealand, 4s less. Cheese: The market is firm. New Zealand white, 95s to 965; coloured, 93s to 945; Canadian white, 95s to 965; coloured, 94s to 955. ; MARKET REPORTS. FRUIT AND PRODUCE TRICES. Canadian Jonathan apples met with a good demand at the Auckland City) Markets yesterday. Sturmer apples were very dull of sale. Large "quantities of gooseberries were marketed and sold at considerably decreased rates. .A fair demand existed for lemons. A small stock of New Zealand cherries realised lis to 15s a case. Increased supplies of hothouse tomatoes sold at reduced values* Repacked ripo bananas brought 22s to 25s a case. The field produce market -was glutted with new potatoes, wliile heavy supplies of green peas and cabbago were available. Largo stocks of marrows, beans and all lines of root vegetables came forward* there being a fair "demand. New pota- _ toes showed a considerable decrease - iff price. The values for cabbago and cauliflower were slightly 1 increased. There was a very heavy supply _o£ poultry, tho prices with the 'exception ( of cockerels showing a slight decline. A! very fair demand existed for all classes of birds. No pullets were available. Gob-, biers' sold at 8s to 15s each.

There were no changes in .the values for tho six grades of hen and 'duck eggs. A 1 » good demand existed for moderate supplies of both classes of eggs. Averaga stocks of farmers' butter sold readily at Is Id to Is 4d per lb. Tho following prices were" realised yesterday : , • ■ V FRUIT. Applet, Sturmers, Gs to 10s a casoj Canadian Jonathan, 16s Gd to 17s Gdj . Grimes Golden, 14s to 15s; Cox Orange, 16s to 17s. Pears, Nellis, 13s to 15s; Coles. 12s to 14s; 'P. Barry, Gs to 10s. Tomatoes, hothouse, !id to Is 2d per lb. Lemons. No. 1, ohoice, 9s to 12s a case; medium, Gs to Bs. Oranges, Sydney Valencia, Gs to 16s; Californian, 38s to 435. Grapefruit. locnL 8s to lis. Strawberries, Captain Cook. Is Gd to 2s 3d a chip; Marguerite, Is Id to Is 6d; Helensley Surprise. Is Id to Is 4d« Bnnanas,'repacked, ripe, 22s to 25s a casein Gooseberries, 4s to 5s Gd; New Zealand cherries, lis to 15s. , FIELD PRODUCE. Potatoes, new, 4s to 5s Gd a bag: onion 3. 10s to 15s a case; spring, 5d to Is a. bundlo; kumara, Tauranga, 7s Gd to 9s per; cwt.; cabbages, 3s to 8s a sack; on benches, la 6d to 3s a dozen; cauliflowers. 3s to 12s a sack; on benches. 2s to 7s a dozen; swedes. Is 6d to 3s a bag; pumpkins. 14s to 20s per cwt.; on benches, 2s to 3s each;, green pons, 3}d to Gld per lb.; beans, broad. 2d to 3d; French, Is to Is Gd; 2s Gd to Gs 6d a case: cucumbers, outclooi, 3s to 9s a dozen; vegetablo iuarrows to 9s; rhubarb. Is Gd to 3s 6d; narrofs! 3d to Is Gd; radish, Gd to -d, ca parsnips, beot bundle; leeks. 3d asparagus, Gd to 10a a uuuu 1° -rjrcrrT.Tß.Y.

t0 id - POULTRY. • , to Ss caca-i Cockerels, heavy, J^ard' UqhC prime, 4a not prime, 8* ,0d fat to 5s Gd; not P r o a to 3s; light.roosters. J cav ?' t 'heavy, 2s Gd to 3$ Is Gd to 23; fat hens, drakes. youn|. Gd; light, is 3d to^-s e ba >2a upw „rd, ; old. prime, 3s to 4. y( , nngi o a od to 1 3 Gd to ia 9d; eeese, Is to "is 6d; old, I s *>d . g s . gobblers, Sa Gs 3 ; turkey hens, ,5s to to 2s s to 15s; cockerel ch ne |^ ack Orp.ing--1 to sd;Le S horn, 3d to M: guinea fowis, 43 to ss. _ dairy produce. Hen eggs, Is 2d ft oz ' i/Lf nuality special cradej i*! <«B# buttei /* 1* Vk