GREY AND MENZIES, LTD.

New Zealand Herald, Volume LXIX, Issue 21263, 17 August 1932, Page 5

GREY AND MENZIES, LTD.

LOSS ON YEAR'S TRADING

NO DIVIDEND PAYMENT

A loss of £1290 on the year's trading is disclosed in the annual report and balance-sheet of Grey and Menzies, Limited, aerated water manufacturers, for tiie year ended June 30. The loss is written off against £1387 brought in from Uio previous year, leaving a credit in the profit and loss account, after provision for interest, bad debts, depreciation, etc., of £97. The directors recommend that fliis amount should bo carried forward. The retiring directors, Messrs. T. H. Barstow and J. W. Ryan, offer themselves for re-election.

The company's capital is unchanged at £27,000, comprising 44,000 ordinary and 10,000 preference shares of 10s each. Reserve at £1165 and reserve for bad debts, £2OO, are unaltered, and on the assets side there is an additional item of £3631 under the heading of investments. Following is a summary of tho company's results for the last three years:— 1930 193 L 1932 Brought forward . . £1,494 £I,GOO £1,337 Net profit . . . . 2.2GG 1,017 1,290* £3,7G0 £2,617 £97 Dividend— Prcf 8 7 Ord 8 4 Amount . . . . 2.1G0 1,230 Carried forward .. £1,600 £1,367 £97 'Loss. THE CITY MARKETS APPLE VALUES FIRMER NO REDUCTION IN EGG PRICES After being stationary for a week, prices for most varieties of apples advanced a further 6d a case at tho Auckland City Markets yesterday. Pears remained dull of sale, but rates for Keiffeis firmed Is a case at 4s to ss. California!! grapefruit brought up to 45s a case. Rates for oranges were unaltered, but mandarins and lemons went for lower prices than at Friday's auction. A shipment of Australian fruit arrived yesterday, but only a small portion of it was offered. In tho field produce section the comparatively high prices obtained on Friday owing to frosts earlier in the -week were not fully sustained. Cabbage and cauliflower both dropped appreciably, at Is to 4s 6d, and 2s 6d to 4s a sack respectively. Most other vegetables also were in greater supply. Values for onions, however, advanced about 2s a cwt. at up to 21s. Although larger quantities of eggs are coming forward, prices have not yet fallen. Values for poultry and farmers' butter also were unchanged. Yesterday's prices were:— FRUIT Apples. Delicious, 4s to Gs a case; Ballarats, Gs to 7a; Granny Smith, 6s to 6s; Munroea, 4s Gd to Gs; Sturmers, Ga Gd to 7s; Doughertys, 3b to ss; Winesap, 5s to 6s; Pride of Australia, 4a to ss; Salome, 4a to ss; pears, Colea and Nelia, Ga to 7a 6d; Keiffers, 4s to ss; Buere Bosc, 5s to 5s Gd; grapefruit, local, 2a Gd to 4s; Californian, 373 Gd to 455; Poorman oranges, 2a to 3s 6d; oranges. Island, according to count, 14s to 15s; Australian Navelß, 8s to 103 Gd; mandarins, 78 to 10s; tomatoes, hothouse. No. 1, vip to 255; No. 2 and medium. 143 to 20s; j lemons, 4a to 7a; tree, tomatoes, _3s to Gs; black. 7s to 8s; bananas, No. 1, ripe, up to 17s; No. 2 and medium, 8s to 12s; Californian plums, 24s to 25s a crate of four chips; Californian grapes, 36a to 40a a barrel. FIELD PRODUCE Potatoes, Southern, 7a 6d to 8s a cwt.; new, Id to 25d a lb.; onions, 203 to 21s a cwt.; kumaras. Island. 8s Gd to 9s; Tauransa. Cs to 7s Gd; cabbage, Is to 4s 6d a sack; cauliflower, 2s Gd to 4s; swedes. 23 to 3s a bag; pumpkins, 2s 6d to 5s Gd a cwt.; citron melons, 4d to 9d each; green peas, 7d a lb.; beans, hothouse, Sd to Is 3d; lettuce, Is to 4s 6d a case; cucumbers, hothouse, 3s to 6s a dozen; vegetable marrows, Is Gd to 3s 6d; cabbage, loose. Is to 2s; cauliflower, loose, 9d to 3s 6d; celery, 6d to 3s a bundle; rhubarb, 2s 6d to 5s Gd a dozen; spinach, 6d to Is Gd; pumpkins, loose, 3d to Is each; radish, 6d to 9d a dozen; spring. onions, 4d to lOd a bundle; carrots, parsnips, beet and turnips, 4d to 8d a dozen; Brussels sprouts, 4d to 5d a lb.; leeks, 3d to 5d a bundle; chokos, 9d to Is 3d a dozen. POULTRY Cockerels, heavy breeds, prime. 3s to _Gs each; not prime, 2s 6d upward; light, prime, 2s 9d to 3s Gd; not prime, Is 6d upward; fat roosters, heavy, prime, Is 9d to 2s 3d; light, Is 3d to Is 9d; fat hens, heavy, 2s to 3s; light, Is Gd to 2s; pullets, heavy, best. 2s to 4s: smaller, 2s: light, best, 2s Gd to 4s; smaller, 2s upward; drakes, young, prime, 2s to 3s; smaller, Is 6d upward; old, Is to Is Gd; ducks, young, 2s to 3s; old. Is to Is Gd; geese, 2s Gd to 3s Gd; turkey hens, 3s to 5s 6d; gobblers, 5s to 12s. DAIRY PRODUCE Hen and duck eggs, first grade. Is 2?d a dozen: B grade. Is lid; O grade, llid. Farmers' butter, 8d to lid a lb. AUSTRALIAN SECURITIES NEW YORK QUOTATIONS

TALLOW IN POOR DEMAND

APPLE MARKET STEADY

The Department of Agriculture has received the following cablegram, dated August 13, from tho High Commissioner for New Zealand, London Tallow. —Poor demand at auction. Of 652 casks offered 80 were sold. Present spot quotations are: Mutton, fmo, 235; fair to good, 21s to 22s 6d; dark to dull, 18s to 19s; beef, sweet and/or mixed, 22s 6d to 245; fair to good, 19s 6d to 22s 6d; dark to dull, 17s 6d to 18s 6d; mixed, fair to good, 19s 6d to 21s 6d; dark to dull, 17s 6d to 18s 6d: cut, etc., 16s 6d to 18s. Hemp.—Tho Manila market remains quiet but firm. "K" grade for AugustOctober shipment sold at £l7, and for October-December shipment £l7 10s. August-October shipment now quoted £l6 15s. The sisal market is firm. Closing values No. 1 fair average quality for August-October shipment, £ls 5s to £ls 10s. Tho New Zealand market is unchanged. Small business has been done in good fair for August-September shipment at £l7 10s. Fruit.—The apple market continues quiet but fairly steady. Tho Pakeha Sturrners show waste, which affected the market to some extent. The Cumberland, Orari, Port Huon, Rangitata and Pakeha shipments have been cleared ex store. Current prices for New Zealand apples are: Granny Smith, lis to 18s; Yates, 12s to 14s; Dougherty, lis 6d to 13s 6d; Bokewood, lis to 13s; Sturmer, 10s to 12s; Statesman and Brighton, 9s to lis. Eggs.—The market is quiet but steady. English, national pack, 13s to 15s; English, ordinary pack, 13s to 13s 6d; Danish, 9s 3d to 12s. NEW AUCKLAND COMPANY The following private company has been registered in Auckland:— The United Wood ware Company, Ltd., woodworkers, furniture makers, etc., to take over the business known as the United Woodware Company. Capital, £SOO in £1 shares. Subscribers: John Piper and Daniel Ferguson, 249 shares each; Trevor E. Het\ry, 2 shares.

IS'EW YORK, Aug. 15 Sales of Australian Government bonds on Wall Street to-day compare with those of August 8 as follows: — Dollars Dollars Commonwealth— Aug. 8 Aug. 15 5 p.c., Jan.-July, 1955 . 71} 71! 5 p.c., Mar.-Sept., 1957 . 712 715 4i p.c. May-Nov., 1956 . 64 § 64 J New South "Wales— 66 5 p.c., Fob.-Aug., 1957 67 5 p.c., April-Oct., 1958 . — 66 Queensland — 831 7 p.c., April-Oct-., 1942 . — 6 p.c., Feb.-Aug.. 1947 . — 771