LATE COMMERCIAL

Poverty Bay Herald, Volume LV, Issue 17609, 27 October 1931, Page 11

LATE COMMERCIAL

BRADFORD WOOL MARKET (Received October 27, 3 p.m.) LONDON, October 26. Tho Bradford market is firm, with an uyw3)ft'c? tendency and steady trade in fine tops. TARANAKI (N.Z.j OIL FIELDS, N.L. Taranaki (N.Z), Oil Fields, N.L. report for tho week ended October 2(5: —“Waitangi N,o. 2 well. —Resumed drilling operations on October 25; now cleaning out and preparing to test cementing job.” Moturoa Oil Fields, Ltd. report: — “No. 2 well produced 85 barrels of oil by bailing; well deepened sft. to 2095 ft., but with the screen out, cavings filled hole to casing shoe.” OKARITO GOLD RETURNS (Per Press Association.) DUNEDIN, thft”day. The Okarilo gold mines return for the week was 740/.s. 15dwts, for 101 hours working.

BRUCE WOOLLEN ,CO. In their annual report for the year ended September 19, which will he presented at the thirty-fourth annual meet iug of shareholders on November 4, the directors of the Bruce Woollen Manufacturing Co. state that the company had an unsatisfactory year on account of the prevailing slackness in _ trade and tho continued fall in till prices of woollen goods. During the year due attention had been given to the uiiimmising of costs, and shareholders , were assured that the (company was now in a better position fliat it had been at any stage during the past five years to take ful) advantage of any increase in trade. After stocks of goods in hand and in process of manufacture had been written down to costs based on the present prices of raw wool, the net profit for the year amounted to £6518 Is 8d Provision had been made for deprecia tion to the extent of £3OOO on plantarid buildings, and it was recommended that out of the balance standing to the credit of the profit and loss appropriation account (£3965 4s 4d), the dividend on preforeire capital amounting to £3500, should be paid, and that the balance of £455 4s 4d should be carried forward.

' THE SHAREMARKET (Per Press Association.) -AUCKLAND, this day. (Sale on ’Change: Waihi, 16s. Reported sales: Bank of New South Wales, £25 15s; Mount Eden Borough, 5\ per-cent., 1954, £9l; Inscribed Stock, 54 per cent., 1936 and 1937, £99 15s. CHRISTCHURCH, this day. Sales on ’Change: E.S. and A. Bank, £4 10s; (Joldsbrougli Mori, 225, 22s Id; King Solomon, 2s 4d; Golden Point, 9d; Offarito, 9s lOd (2). DUNEiI)IN, this day. Reported sale: B. S. and A. Bank, 009*