BANK OF AUSTRALASIA

New Zealand Herald, Volume LXXIII, Issue 22350, 22 February 1936, Page 9

BANK OF AUSTRALASIA

SMALI PROFIT INCREASE YEARS DIVIDEND RAISED PAYMENT OF 7-f PER CENT (Received February 21. 10.15 p.m.) LONDON. Feb. 20 The directors of the Bank of Australasia have declared a final dividend of 4s 3d a share. The balance carried forward is £182,266. Assuming that there are no appropriations other than for the dividend, the net' profit for the year ended October, 1935, was £273,858, an increase of £8772. With £178,689 brought forward, £402,547 is available. The year's dividend is 7s 9d a share, against 7s 6d paid in the past two years. The dividend requires £270,281, leaving £182,266 to be carried forward. Following is a comparison of results for the past three years: — 1933 1934 1935 Brought forward £109,783 £175,165 £l7B,<'iß9 Net profit . . 258.507 265.087 273,858 £128,290 £440.252 £452,54" Dividend p.c.-.. 71 7i 73 Amount . . 253.125 261,563 270,281 Carried forward £175,165 £178,689 £182,266 The dividends are paid less British income tax of 4s 6d in the pound. On account of the final dividend of 4s 3d, shareholders in New Zealand will receive about 4s Id a share. THE CITY MARKETS SMALLER FRUIT SUPPLIES _ PEACH SEASON CLOSING The glut of fruit which has occurred at the City Markets since the bad weather three weeks ago was less evident yesterday. The approaching end of the peach season resulted in improved values, while good prices were realised for extra choice plums, which were in short supply. A shipment of Californian oranges and grapefruit arrived by the Mariposa yesterday, and oranges eased in price. Odd chips of strawberries and a few tins of raspberries came forward. Early quinces came from Hawke's Bay and prime samples sold well, although there was not much inquiry for marked fruit. Apples improved slightly. Very large quantities, of pumpkins were available, but there was practically no demand. There were also heavy supplies of celery and 'values moved downward, while potatoes and onions still sold at low rates. Green peas and beans were in short supply and realised high prices. There was a very heavy supply ol poultry and a keen demand for prime cockerels and young drakes resulted in a slight improvement in prices. Other lines were unaltered. Values were: — FRUIT Apples, Albany Beauty, extra choice, 4s 6d to 6s a case; Gravenstein, extra choice, 5s to Cs; Gravenstein, others, 2s to 3s; Coxa Orange, 4s to Cs Cd; Delicious, 33 to 3s 3d; Muuro, 2s Gd; windfalls and others. Is Cd to 2a Cd; cookers, 2s Cd to 3s 6d; pears, Bon Chretien, local, 2s Gd to 4s; Hawke s Bay, 4s Gd to 5s 6d; tomatoes, outdoor, extra choico, smooth, 3s to 4s Gd; others, 1b Gd to 3s Gd; orangos, Californian, 30s to 32» Gd; Jamaican, 25s to 28s; grapefruit. Californian, 265; Jamaican, 235; lemons, choico, cured, 8s to 10s; others, 2s Cd to 6s; bananas, 14s to 20s; pines, Queensland, 14s to 16s; grapes, hothouse, Hamburg, extra choice, lOd to Is per lb.; others, 6d to 8d; Coleman, Is Id; peaches, in crates,. 4s 6d to 8s 8d a case; Paragon, 2s 6d to 3s 6d; Golden Queen, 3s 6d to 4s; others, 2s to 2s 6d; plums, Doris, 4s 6d to 7s 6d; Greengage, 6s to 6s 6d; strawberries. Captain Cook, Is 5Jd a chip; blackberries, 4d to 6}d; raspberries, 8s 8d a tin; passion fruit, 6b io 12s a case; quinces, 6s to 9s; coconuts. 14s a sack. FIELD PRODUCE.

Beet, 4d to 8d a dozen; celery, cooking, Gd to 9d a bundle; dessert, Is to 2s 3d; carrots, 4d to 9d a dozen; cauliflowers, 7s Gd to 9d a sack; cabbages, 2s to 6s Gd a sack; on benches, Is to 2s a dozen; cucumbers, 3d to 8d a dozen; French beans, 3s Gd to 6s a bag, stringless, Gs to 10s; green peas, 5s to 13s; kutearas, new season's, lid to 2}d per lb.; lettuce, 3s to 7s a case; marrows. Is to 2s a dozen; melons, water, 3d to 1b each; rock, 2d to 1* 8d: onions, Is Gd to 2s Gd a bag; potatoes, la 6d to 3s Gd; Kidney, 3s to ss; pumpkins, 2s to 4s 6d per cwt.; parsnips, Gd to Is a dozen; rhubarb. Is to 2s; radish, 6d to 9d; spinach, Is to Is Gd; spring onionß, Is to 3s a bundle: swedes. Is Gd to 2s Gd a bag; turnips, 3d to Gd a dozen. POULTRY Cockerel*, heavy breeds, prime, 3s 6d to 6s Gd; not prime, 9d itp; light brfeds, prime, Is 3d to 2s Gd: not prime, 6d up; fat roostei'B. heavy breeds, prime, 2s to 2s 3d; light breeds, Is 3d to Is 9d;.fat liens, heavy breeds. Is Gd to 2s 3d; light breeds, Is to 1b Gd; pullets, heavy breeds, best, 3s 6d to 5b Gd; smaller, Is Gd up; light breeds, best, 3s Gd to 5s Gd; smaller. Is Gd up; drakes, young, prime, Is 6d to 2s 3d; smaller, 9d up; old, 9d to Is 3d: ducks, young, 3s to 4s; special line, 4s Gd to Gs; old, 9d to Is 3d; geese, 3s to 4b 6d; turkey hens, 4s to Gs; gobblers, Gs to 14a; guinea fowls, 2s Gd to 3s Gd. BRADFORD TOPS - MARKET FIRM, BUSINESS SMALL LONDON. Feb. 20 The Bradford tops market is very firm but business is small. Following are to-day's prices and those of recent weeks; — Jan. 30 Feb. G Fel>. 13 Feb. 20 Per lb. Per lb. Per lb. Per lb. d d d d Seventies 34V, 34% 34% 34% Sixty-fours 33 33 33 33

Sixties . . 32 32 32 32 Fifty-eights . . 25% 25% 25% 25% Fifty-sixes . . 20% 20% 20% 20% Fifties . . 16% 16% 16% 16% Forty-sixes . . 14% 14% 14% 14% Forties . . 13% 13% 13% 13%

WHEAT IN CHICAGO CHICAGO, Feb. 20 Wheat futures.—May, 99 cents a bushel; July, B£Si| cents; September, 88 cents. * J. WISEMAN AND SONS Increased trading for the year ended December 31, the fifth annual meeting of J. Wiseman and Sons, Limited, which was held this week. After provision for the usual 5 per cent dividend, a substantial amount was carried forward to next year's accounts. SALE OF CLYDESDALES SYDNEY. Feb. 21 At a clearing sale at Mr. Hoy Roger's Clydesdale stud farm at Ariah Park 60 Clydesdales brought 420 guineas with 249 guineas as top prico. WHEAT, FLOUR AND PULSE LONDON. Feb. 20 Wheat.—Cargoes are somewhat steadier in tone. Parcels are steady. Futures. —London: March, 29s 4d a quarter; July, 29s 3Jd. Liverpool: March, 6s OJd a cental; May, 6s OJd ; July, 6s 2d. Spot trade dull. Australian ex ship. 32s to 32s 6d. Flour quiet. Australian ex store. 22s 6d to 22s 9d. Oats, peas and beans nominal. Raw sugar, beetroot, basis, 4s lOjd a cwt.