UNION BANK'S PROFITS.

New Zealand Herald, Volume LXVII, Issue 20626, 26 July 1930, Page 9

UNION BANK'S PROFITS.

REDUCTION OR £86,000.

LOWEST AMOUNT SINCE 1921

According to cable advice received by tho general manager of the Union Bank of Australia in Melbourne, announcing tho final dividend of per cent., directors have decided to appropriate £25,000 as provision for new buildings, leaving £86,991 to bo carried forward. As this announcement indicates that there are no other appropriations, tho amount of the declared profits is evidently £525,655. Tho bank's results and appropriations for the last three years therefore compare as follows:

1927-28. 19*28-29. 1929-30. Brought forward . £97,938 i!f)9,404 Net profits •. 638,900 611,932 520,605

736,904 £711,336 £611,991 To staff fund . . 25.000 New buildings . 50,000 20,000 2.J.000 Dividend, p.c. • 15 15 l«.j Amount .. 562,500 600,000 500,000

Carried forward £99,401 £86,336 £86,991

A steady increase in the bank s profits continued until tho record of £638,966 was reached in 1927-2-8. In two years, there has been a shrinkage of £113,000, and the profit for last year is the lowest since 1921.

MARKET REPORTS.

fruit and produce prices

There were no outstanding changes in the values for fruit at the Auckland City Markets yesterday. 'lho demand for apples was again very poor. Larger supplies of Poorman oranges continued to come forward, the small sizes being not sought. Increased stocks of lemons sold at decreased rates. There was a poor inquiry for passions. Island oranges sold at lis to 14s a case, there being only a fair response. Repacked bananas realised 25s a case. The prices for the other lines remained unaltered. Good supplies of new potatoes brought 2d to 3d a pound. There were heavy supplies of cabbage, cauliflower lettuce and celery and good stocks of other vegetables in season. Most lines met with a moderate demand. A slight increase in the values for laying hens was the only change in the poultry section. Medium supplies of all lines of birds were offered and sold veiy readily. The prices for table birds remained level. Prices for the various grades of hen and duck eggs have decreased. Special grade hen and duck eggs are selling at Is lid a dozen. Larger supplies met with a good demand. Farmers' butter continued to sell readily at lid to Is 2d a pound. Following are yesterday's prices:— FKUIT. Apples, Dolicious, 5s to 7b 6d a case; Ballarats, 6s 6d to 8r: Sturmers. Gs to 8s: Grannie Smith, 7s 6d to 9s; Dougherty, 3s to 7s; Monroes, 4s to Gs Gd. ea "- Coles, 6s to 8s Gd; Nelhs, Gs to 9s; PBarry 4s to Gs Gd. Tomatoes, hothouse, 4d to lOd per lb; Island. 9s to 10s. per t'ase. Passions, 4s to Bs. Lemons, choice, 10s to 14s; others, Gs to 9s. Grapefruit local (special counts), 9% to 10s Gd; others. 6s to 7b. I'oorman oranges, largo, 7s fad to 8s 6d; medium and small. 3s to 4s. tomatoes, 3s to 5s Gd; dark variety, 7s to Ps Oranges, Island, lis to 14s; .Navels, 9s 6d to 13s. Bananas, repacked, .No. Is, up to 253; others, 12s to 18s. FIELD PRODUCE. Potatoes, Fouthern, 6s 6d to 7s 3d per cwt; new, 2>d to 3d per lb. Onions, firm, 4s to 5s a bap:; 7a 6d to 8s per cwt.; Humerus, local, 49 to 5s a bag; Tauranga, 8s to 9s 6d per cwt. Cabbage, 3s to 9s a eack. Cauliflower, '2s to 6s. Swedes, *.a to 2s 9d a bag. Pumpkins, 5s to 10s per cwt. Green peas, 3s to 3s 3d per lb. Beans, hothouse, Is to Is sd. Lettuce, 2s to 8s a case. Vegetable marrows, Is Gd to 2s dozen. Cabbage, on beanches, Is Gd to 4s Od. Cauliflower, on benches, Is 6d to 6s 6d. Celery, 6s to 2s M a bundle. Rhubarb, 3s to 4s a dozen. Spinach, Is to Is 3d. Pumpkins, on benches, Gd to 2s each. Radish, 3d to Gd a dozen. Spring onions, 4d to Is a bundle. Carrots, parsnips, beet and turnips. Od to Is 4d a dozen. Leeks, 2d to Od a bundle, Chokos, Is to 2s a dozen.

POULTRY. Cockerels, heavy breeds, prime, fis to 7s fid, each; not prime. 3s 6d upward; lighT, prime, 4s to sa; not primo, 3s upward. Fat roosters, heavy breeds, prime, 3s to 4s- light, 2s Gd to 3s fid. Pat hens, heavy, 3s'fid to 4s fid; light, 2s 9d to 33 Gd. Laying hens, heavy, 4s to 4b 9d; light, 3s fid to 4s fid. Pullets, heavy, best, 4s to fis 6d; smaller, 2s 6d upwards; light, best, 4s to fis fid; smaller, 2s fid upward. Drakes, young, prime, 3s to 4s; smaller, 2s 6d upwards; old, 2s to 33. Ducks, young. 3s to 4s; old, 2s to 3s. Geese. 4s fid to Gs; Turkey hens, 5s Gd to 9s. Gobblers, 10a to IBs 6d. DAIRY PRODUCE. Hen eggs, special grade, best quality, ]s lid a dozen, A grade. Is 9d; B grade. Is 7d; C grade. Is 4d. Duck eggs, special grade, Is lid; A grade, Is 9d; B grade. Is 7d; C grade, Is 6d. Farmers' butter, lid to Is 2d a pound.

PRODUCE FROM PUKEKOHE

GROWERS FORM ASSOCIATION.

[by telegraph.—own correspondent.] PUKEKOHE. Friday.

A decision to form a Franklin Onion and Produce Growers' Association was reached at a meeting of growers held last evening. Mr. G. T. Parvin reported on his visit to Wellington last week to join in the representations to the Government for Customs protection against imported onions and for a reciprocal agreement with Canada and Australia.

Mr. P. Miller was elected president of the association; Mr. Parvin, secretary; and Messrs. G. Gathercole, J. McMiken and W. Buttery, members of the executive.

STOCK SALES.

PRICES AT FEILDING.

[BY TELEGRAPH. —PRESS ASSOCIATION.] FEILDING. Friday.

Prices for fat sheep and lamba wore firm at late rates at the stock sale to-day, when fairly large yardings were offered. Good quality sheep sold well. Only a few lines of breeding ewea were ollored. and these dragged a little. Dairy cows sold at the prevailing high prices, and the demand was keen in spite of the large yarding. Prices wore:—Prime fat lambs, 19s 3d to 213 Id; very good, 3Cs 3d to 17s Id; medium, 13s <d to 15s 3d; fair, lis lid; beat fat ewes, 21a fid to 225; very good, 17s 6d to 19s 9d; good, to 17s; medium, 13s 6d to lGs 7d; heavy fat wethers. 25s to 25s 3d; good weights, 20s. Store siieep: Four and five-year ewes, running with Southdown rams, 17b Id; aged ewes, 15s 2d; ewe hoggets, 253 lOd; wether hoggets. 16s Gd. Dairy cattle: Best springing heifors, to £10; others, from £3; good springing cows, to £l4; others, from £S to £8 15a; fat Jersey cows, £6 10s; medium, £4 to £5 12s 6d.

CLEARING SALE AT PUTARURU. Tho Farmers' Co-operative A, . lctlo ?°?V Company. Limited, reP° r<B , A successful clearing sale bolmlf of Mi'• A. Rigger, Overdale, P"ta>«ru. B ld^ B cOW 3 brisk throughout. I !i °,m t } lo 53 heifers averaged *'o .old at full averaged £9 10s 6d. The j erßoy market value. o ll^ ni t £ ' l4 10a; Friesian cows, close to profit. £IJ T crse v-Shorthom cows. £lO 30s to (o £l4 ;backwnrd cows, cross cows. £3l 3 . j to pro fit, £ll £7 to SO; Pifers £8 10s to £10; t° £l2: b« ck ward heire with litter, sows in pig. fts 10 £8 15s to £9.

PRICES AT TE AWAMUTU. The Farmers' Co-operative Auctioneering Companv. Limited, reports;—-Late rates were fully maintained at our To Awamutu stock sale, when an average yarding of cattle came forward. Quotations: Prime medium fat bullocks £l3 15a; light fat bullocks, £ll to £l2; fat cows £S ,s to £9; medium fat cows. £7 10s to £8 2s; light, in Ms to £7 4s; forward-conditioned cows, it 10s to £5 ss; storo cows, £2 17s Gd to £4; cows with calves, £4 9s; fat wethers, £1 4s : fat hoggets, 19s; wothex; hoggets, 11a 8d to 12s.