WELLINGTON WOOLLEN

New Zealand Herald, Volume LXX, Issue 21561, 4 August 1933, Page 5

WELLINGTON WOOLLEN

DECLINE IN PROFITS DIVIDEND OF 5 PER CENT Accounts of the Wellington Woollen Manufacturing Company, Limited, for the year ended June 30. disclose a net profit of £15,347, a decline of £.3009 on the previous year's figure. Payment of a final dividend of 2j per cent on both preference and ordinary shares, making 5 per cent for the year, is recommended. In the past two years G per cent was paid and in 1930. 8 per cent. This will absorb £15,000, leaving £3787 to be carried forward compared with £3440 brought into the accounts. The directors state that, under the trying conditions, the results should be considered satisfactory. The sum of £SOOO had been written off depreciation of plant and buildings. Following is a comparison of the company's results for the last three years:— 1931 1932 1933 Brought forward . £3.008 £3,0P4 £3.440 Nft profit . . . . 13.016 18.356 15,317 £21,084 £21,440 £18,787 Dividend, p.c. 6 6 5 Amount . . .. 18,000 18,000 15,000 Carried forward .. £3,084 £3,440 £3,787 The capital of the company is unchanged at £300,000 in 40,000 ordinary and 20,000-preference shares of £5 each. Items in the balance-sheet are as follows, the corresponding amounts of the previous year being given in parentheses:—Liability to bank, £18,371 (£27,719); sundry creditors, £30,725 (£23,716); employees' deposits, £6224 (£5445); dividends outstanding, £7B (£72). Assets total £436,387 (£438,541), including freehold land, £11,433 (£^1,433); buildings, plant and fittings (less usual depreciation of £5000), £213,188 (£212,818); stock, £163,131; sundry debtors and bills receivable, less reserve, £5819, £47,944 (less reserve, £5833, £42,666); cash, £326 (£471); prepayments, £365 (£431). STOCK SALES PUKEKOHE PRICES [FROM OCTt OWN COBBKSFONDENt] PUKEKOHE, Thursday An extra large yardihg of dairy cows and heifers waft offered at thd stock sal© conducted at Pukekohe to-day by Alfred Buckland and Sons, Limited. The quality generally was good and good prices were realised for the better sorts. Backward and inferior sorts wero not in demand. Best heifers, close to profit, made from £5 10s to £7; good quality, more backward, £4 to £5 ss; backward, £1 15s, upwards: good quality dairy cows, close to profit. £5 to £7; young cows, more backward, £3 10s to £5: others, £1 10s upwards. There was a heavy yarding of beef, and prices were in accordance with those ruling elsewhere. Best cows and heifers brought from £4 to £4 16s; good cows, £3 3s to £3 15s; other killable cows, £2 -1b to £'2 10s; boner cows, 15s to £1 10s; young store cows, £1 10s to £2 3a; fat steers, £4 10s to £7 2s Cd; best yearling Jersey heifers. £2 5s to £2 15s; good, £1 10s to £1 18s; small and inferior, 15s to £1 6s; bulls, £1 10s to £5 16s 6d. The yarding of fat pigs was slightly larger than that of last sale. The yarding of was equal to that of last, sale, and values realised w«r« similar, to those ruling , at Westfield yesterday. Prime heavy baconera sold readily at late rates. Values for other classes and porkers were easier. Extra heavy prime baconers sow from £1 12s to £2 19s; medium. £1 2s to £2 8s; light, £1 14s- to £1 18s; heavy porkers, £1 9s to £1 12s; light and medium. £1 2s to £1 6s; Ijest stores, £1 Is to £1 4s: smaller, 18s to £1; slips, 13s to 16s; good weaners. lis to 13s; smaller, 7s to 10s; sows, due to farrow, •£2 5s to £3 17s Gd.

PRICES AT OTOROHANGA The New Zealand Loan and Mercantile Agency Company, Limited, Hamilton, reports that at its fortnightly Otorohanga stock sale on Wednesday the entry of beel was a small one of second quality fat com-s, which met with a usual sale at late rates. Values for a number of pens of yearling heifers were, on a par with recent quotations. In the dairy section 6oine qua'"/ Jersey springing heifera were submitted, but apart, from the entry was practically all only plain cattle. Price* were steady at the commencement, but toward the end of a fairly heavy entry competition slackened. The entry of sheep consisted of a few pens of breeding ewes and some forward lioggets, a good sale being effected. Average numbers of store and -weaner pigs were penned up and said readily at late values. Medium quality fat cows made £2 5s to £2 15s; lighter, to £2 4s; forward, to £1 178 6d; stores, to £1 ss; good yearling heifers. £2 5s to £2 13s; others, to £2 2s; good quality Jersey dairy heifers, close to profit, £5 5s to £6; medium, £4 to £5; fair sorts of dairy cows, £4 to £4 15s; others, to £4; breeding ewes, good-conditioned, sold up to 18s; forward hoggets, lis lOd to 12s 4d; others, 9s to 10s (3d. Store pigs made 18s to £1 4s; slips, 14s to 17s 6d; weaners, 9s to 13s. DAIRY STOCK AT FRANKTON The New Zealand Loan and Mercantile Agency Company, Limited, Hamilton, reports that at ite weekly Frankton dairy sale on Wednesday, although the entry was-a large one and contained a. good number of both quality cows and heifers, competition was slack, and a disappointing sale resulted. Gopd dairy heifers made £4 5s to £? 63; others, to £4; good-conditioned dairy cows, £4 10s to £5 10s; later and inferior, £2 15s to £4 ss. I OTOROHANGA AND HIKUTAIA The Farmers' Co-operative Auctioneering Company, Limited, reports having held its usual stock sale at Otorohanga on Wednesday. A good yarding of pigs met with a very keen demand at advanced rates. There Was only n medium entry of sheep consisting mostly of »;wes, these selling at late rales. Beef and sto.e cattle came forward in usual numbers and showed no alteration in valuer. Dairy cattle were again penned in heavy numbers, and the demand was again quiet. Values were:—Pigs: Good etore pigs. 22s to 245; other etore pigs, 17s 6d to 20s; slips, 14s to 16s; good weaners. 14s fid to lGs 6d; others, 8» to 12s. Sheer) Ewes. 15s to 15s 6d. Cattle,: Light fat cows and heifers. £2 12s to £2 17s 6d: killable cows, 3fts tn £2 5«: boner cowe. 14s to 30a; Jersey heifer calves. 88s to £2 10s: best Jersey Springing heifers, £5 10s to £6; Jersey and' Jersey-cross springing heifers. £5 to £5 10s; heifers, backward. £3 to £4 ■'!»: sound cows, early calvers, £4 to £5; backward cows £2 10s to £3 lOs; irfei'ior sorts. 25s to- £2. The Farmers' Co-operative Auctioneering Company, Limited, L reports that at the I Hikutaia stock sale on Wednesday a heavy yarding of pigs came forward. The demand was not keen and prices were not up to those of last sale. A good, yarding of d,airy cattle was penned, comprising mostly inforior quality cows, for which there was little demand. Values were:—Pigs: Stores. lGs to 235; slips, lis to 14s; weaners. 7s fid to 12s. Cattle: Best dairy heifers. £4 to £5 Cs: backward sorts, £2 12s 6d to £3 fid; best dairy cows. £3 15s to £5 ss: inferior sorts. £1 10s to £3; fat heifers. £2 10s to £3; heavy fat cows, to £4 ss; medium. A17s fid to £3 lis: light, £2 to £2 10s: store cows, £1 28 fid. to £1 7s MATAMATA QUOTATIONS Dalgety and Company, Limited, held the usual fortnightly stock sale at Matamata 'on Wednesday. A full yarding of fat and store cattle and a fair yarding of pigs ant sheep came forward and met with good competition, selling at up to late rates. Practically a full yarding of dairy cattle also cleared at full;- up to late rates. \ alues were:—Dairy cattle:-Best three-year Jersey heifers, £5 tOs to £G 10s; more backward sorts, £3 10s to £4 10a; two-year Jersey heifers, close to profit, £4 10s to £o 10s; smaller sorts. £3 to £4; calved heifers, £4 15s to £5 15s; cows, early calvers, £3 10s to £5 ss; more backward sorts, £2 10s to £3. Beef: Heavy fat cows, £4 to £4 8s; light fat cows and heifers, £3 to £3 15a: unfinished cows. £2 10s: boner cows. £1 to Sss: three-year empty Polled heifers, fresh condition, £3 9s to £3 14s; others, less condition, £2 17s to £3; Polled Angus cows, in calf. £4 4s to £4 lis; Shorthorn cows, in calf, £2 13s; best yearling Jersey heifers, £2 10s to £3; smaller sorts, £2 to £2 8s; broken colours and small heifers, £1 8s to £1 10s. I'igs: Good store pigs. 24s to 275; smaller sorts. £1: good weaners. 15s to IDS; smaller sorts. 12s Cd to 14s. Sheep: Fat hoggets, 12s 9d to 15s. VALUES AT PIOPIO • [BY TELEGRAPH—OWN CORRESPONDENT] TE KUITI. Thursday Dalgety and Company. Limited, report having held the usual sale at Piopio to-day. There was a fair yarding of both sheep and cattle, while dairies were yarded in average numbers. Prices were on a par With late rates Values were:—Medium wether hoggets. 10s Id; aged ewes, 108 Gd; rough threeyear steers, £2 17s; Hereford-crpss yearlings. £1 18s; store cows. £1 5s to £1 86; yenrhn„ Jersey hellers, 4 £2 5s to £2 lis: Jersey heifers, close to profit. £4 10s to £5 las, backward.. £2 10. to £3 l{ss; dairy cows, backward, £2 to £3 lOs; cull cows. £1 to £1 10s.