NORTH BROKEN HILL

New Zealand Herald, Volume LXIX, Issue 21325, 28 October 1932, Page 7

NORTH BROKEN HILL

IMPROVEMENT IN RESULTS ; MARKED DIVIDEND INCREASE (Received October 27, 7.45 p.m.) SYDNEY, Oct. 27 The accounts of North Broken Hill, Limited, for the year ended June 30, disclose a net profit of £175,752, which is £90,823 greater than in 1931. Dividends which were paid in three instalments represented 5s a share. The capital of the company, which has offices in both London and Melbourne, is £700,000 in £1 shares. The dividend for the year is 25 per cent, as against 8J per cent in 1931, and 40 per cent in 1930. The general reserve of the company at the end of the 1931 financial, year totalled £1,512,438. LONDON BUTTER MARKET SLOW TONE CONTINUES AN IMPROVEMENT EXPECTED The London market for butter remains slow, but advice received by one Auckland merchant refers to an expected better demand. Merchants have received the following cablegrams from their London principals, under date October 26: New Zealand Loan and Mercantile Agency Company,. Limited.—Butter: Finest, 105s to 108s a cwt.; firsts, 98s. The market is stagnant, quotations being irregular. An improved demand is expected shortly. Cheese: White, 65s to 665; coloured, 59s to 60s. The market is steady. A. If. Turnbull and Company, Limited, from W. Weddel and Company, Limited. —Butter: Danish, 116s to 118s; New Zealand, salted,'9Bs to 108s; Australian, 94s to 98s. The market is weak. Cheese: White, 64s to 655; coloured, 59s to 60s. The market is steady. r '•>>, . Joseph Nathan and Company, Limited, from Trengrouse and Nathan, Limited.— Butter, finest, 106s; firsts, 965. MOSGTEL WOOLLEN CO. A SATISFACTORY POSITION DIVIDEND OF 10 PER CENT [by telegraph—own correspondent] DUXEDIN", Thursday The annual report of the Mosgiel Woollen Factory Company, Limited, states that notwithstanding depressed market conditions, the results of the year's operations must be regarded as satisfactory. After payment of an interim dividend on April 6, which absorbed £3815, the provision of £SOOO for depreciation and a transfer of £2OOO to the reserve fund, there remains a balance of £15,768, which the directors recommend should be disposed of as follows: —Paymenl of a final dividend of 4 per cent and a bonus of 2 per cent, absorbing £5723, making 10 per cent for the year, and carrying forward £10,046. ! Following is a comparison of the comj pany's results and appropriations for the last three years : 1930 19.31 1932 Brought forward . . £10,248 £9,883 £9.759 •Net profit .. 11.173 11.414 11,825 £21,421 £21,297 £21,554 To reserve . . . . 2,000 2,000 2,000 Dividend,. 10 p.c. .'. 9,538 • 9,538 9,538 £9,883 £9,759 £10,046 •After provision of £SOOO each year for depreciation. The distribution is 10 per cent for the ninth year in succession. In addition in 1927 a cash bonus of 10s a share, equal to 12£ per cent, was paid from reserves. STOCK SALES PUKEKOHE QUOTATIONS [from our own correspondent] PUKEKOHE, Thursday At the stock sale conducted at Pukekohe to-day by the New Zealand Loan and Mercantile Agency Company, Limited, cattle were penned in average numbers and values were on a par with, late quotations. Best dairy cows and Heifers made frpm £7 to £9 10s; others, £5 to £6 15s; backward sorts. £3 to £4 15s; medium fat steers. £5 to £6; fat cows, £3 10s to £4 15s; lighter. £2 10s to £3 15s: killable cows, £1 10s to £2 ss; boner cows. 10s to £1 ss; choice yearling Jersey heifers, £3 to £3 12s. others, £2 10s to £2 18s; smaller, £1 10s to £2 5s- bulls. 10s to £6. There was a heavy yarding of fat and store pigs a*d values were easier. Baconers brought from £1 l-s to £2 2s; porkers, £1 to £1 10s; large stores, 17s to £1 2s; slips. 10s to 16s; veaners, 8s to 13s Gd. MATAMATA QUOTATIONS The Farmers' Auctioneering Company, Limited, held its usual fortnightly stock sale at Matamata on Wednesday, when the ~sual heavy yarding of cattle came forward. Beef sold at prices equal to late rates, and store cattle, comprising steers, met with good competition. Store cows sold at late rates. There was a good yarding of bulls, yearlings being keenly sought' after.' A 'heavy entry of yearling Jersey heifers met with good competition. A total of 5(6 pigs sold under good competition, prices remaining firm at late Frankton rates. Sheep, mostly hoggets, were yarded in good numbers and sold at late rates. Values were:Cattle, beef: Light fat steers, £4 Is: medium fat cows. £3 l'2s to £4; light fat cows and heifers, £2 10s to £3 ss: killable cows, 30.i to X2 2s fid; forward and fresh-conditioned cows. 30s to 37s Gd: store cows. 20s to 255: boner cows. 8s to 16s; fresh thtee-year-old steers. £3 12s Gd to £3 15s; two and two and a-half-year mixed-coloured steers. 2os to £2 4s; one and a-holf-year steers. good, ;Sss to 365; choice Jersey yearling heifers. £3 15s to £4; smaller Jersey yearling heifers. £2 10s to £3 ss; Jersey-cross yearling heifers, £2 12s Gd to £3 4s; smaller. 32s Gd to £'2 ss; small and inferior, 20s to 30s: choice two-year Jersey heifers. £2 5s to £- IDs; Jersey-cross two-year heifers, -5s to 33a: yearling pedigree Jersey bulls, 10 to l'2gns.; yearling Shorthorn bulls, 30s to £3; potter bulls. £2 to £2 17s Gd: others. 10* to 30s. Dairies: Best Jersey heifers, close to profit, £5 5s to £8: others. £3 to £4 15s. Friesian heifers, close to profit, £4 to £;>; Jersey cows, in milk, £4 to £5 ss; Jeisey cows, closo to profit, £5 to £6 10s. ligs: Choppers. £1 4s to £1 12s; prime heavy baconers", £2 2s lo £2 Gs; others, £1 19s to £2 2s; medium, 36s to £2: light, 32s to 355; heavy porkers. 27s to 30s; light. 23s 6d to 265; stores. 20s to 235; slips, 15s 6d to Gd; weaners, lis to lis 6d; smaller. 7s Gd to 10s; Tamworth sows, in pig, £3 7s Gd to £3 10s. Sheep: Heavy woolly hoggets, lis sd; lighter. 9s lid to 10s; store woolly hoggets. 7s 6d to 8s lOd; aged ewes, with iambs, 4s.