BROKEN HILL SOUTH

New Zealand Herald, Volume LXXV, Issue 23026, 2 May 1938, Page 5

BROKEN HILL SOUTH

FOURTH QUARTER DIVIDEND YEAR'S PAYMENT 80 PER CENT [BY XKLEGKAPH I'IIKSS ASSOCIATION] "WELLINGTON, Saturday The directors of Broken Hill South. Limited, have declared a dividend of 9d a share, according to advice received by the Stock Exchange Association. The dividend is payable in Melbourne 011 June 15. The dividend is the company's 61st, distribution and is the fourth quarterly payment for the financial year which ends on June .'lO, Two distributions of Is 3d a os share and two of yd a share, including the forthcoming payment, will have beep made, totalling 4s a share, equal to per cent, against 70 per cent in 1937 and 62} per cent in 19:16. The quarter's dividend will require £120.000. The year s distribution absorbs £640,000, against £560,000 last year, when a record pet profit of £768,815 was earned.

OTAGO WOOL CHEQUE TOTAL REVENUE £1,405,168 REDUCTION OF £940,000 [nV TEI.KGRAPH—OWN COR RESPONDKNT] DUNEDIN, Sunday Now that payments have been made to farmers who sold their wool at the final sale of the 1937-38 season held 011 April 12, it is revealed that the Otago district realised £940.011 13s 7d less for its wool than for the 1936-37 clip. Bales sold were fewer by 8130. For 1936-37 the total revenue produced was £2,345,180 lis lid, as against £1,405,168 18s 4d for the present season. Last season 102.907 hales were disposed of, as njisuiist 94.822 this season. Indications are that there must be a comparatively large carry-over, but possibly some of this will* be sold privately before next season. At tho April sale 21,120 bales were put up for auction and were sold. The averages worked out at 9.47(1 per lb. and £l3 3s 7(1 per bale. These figures show a drop on those realised in- March, when the averages were 10.22(1 and £l4 2s lid respectively. NEW COMPANIES SOUTHERN REGISTRATIONS Tile registration of the following private companies in southern centres is published in the Mercantile flazetle:— McCarthy's Brewery. Limited, Wellington. Capital. £OO.OOO, in shares of CI each. Subscribers: Wellington—W. V. Hogg Public Trustee of New Zealand. '-'4,00(1. o acquire and take over as a going concern the brew inc. bottling, limiting and spirit merchant business now carried on in New Zealand by the Public Trustee, as trustee of the estate of T. C>. McCarthy (deceased), to carry on and develop the business. Taumarunni Motors, Limited. Capital, CSOOO, in shares of i'l each. Subscribers: Taumarunni —S. A. Morris, 100 V re kj ,P~ Allen l"»on pref.. lOOOord.; A. h. Richards. lOOOord.; J. H. Pierce, 1000 ord Pftunniu ; - p. (r. Couper, inOpref.; E. C., Couper, 2.>0 pref. Garage proprietors. REDUCTION OF CAPITAL Boxes, Limited. Auckland. Capital reduced from £22,000 to £17,000. Marton Sash, Door and Timber Company, Limited. Capital reduced, from £72,000 to £54,000, in 72.000 shares of l.">s each. HIDES IN WELLINGTON MARKET LITTLE CHANGED There was no marked change in prices at the Wellington hide sale Inst week. The following is tho range of prices:— Sheepskins. —Hnlfhred, Ojd to 8/jd: fine Crossbred, OVid to B'/ 2 d; medium crossbred, 5Ld to BVSd: coarse crossbred, .V/ a d to SVid: half wools, 4'jd to 7^ 2 d; quarter wools, 4"/ id to (iVjd; pelts, 2*4 dto Pid. Salted Skins (each).—Pells, to Is; quarter wools, to 2s; half wools, 2s to 3s »d; three-quarter wools, to 4s Id. Hides. —Ox, UlSlb to 441b. 4Vid to fid; 451b to 5211) 4 7-8(1 to 5 7-8 d; 531b to 5Mb, ,V/id to (J>„d'; OOlb to 01)1 b, 7 1-8(1 to 7 3 ,; d; 70lb and over, G l / a d !o V/,d. Cow, 331b to ,'JHIb, 4 1-Sd to 5 1-8(1; 4()lb to 481b, to sd; 4!>lb and over, 4 l-8d to sd. Kip, 251b to :s2lb, :» l-8d to 5 1-8 d; 171b to 241b, 3'/,d to Oil. Yearling. 11 lb to 101b,- 4 'I-fid to 0 7-Bd, Calf, 01b to 101b, to 7 1-8(1; 01b to 81b, '7'/ 4 d to Od; lib to Sib. VM to 'J l-Bd. WHEAT AT LIVERPOOL LONDON, April 2!) Wheat. —Liverpool futures: May. 6s 83 d a cental; July, 6s 7id; October, 6s s|d.