COMMERCIAL

Poverty Bay Herald, Volume LX, Issue 18234, 1 November 1933, Page 2

COMMERCIAL

SHARLAND AND CO, LTD. DIVIDEND, 5 PER CENT The directors of Sharland and Company, Limited, in their 35th annual repot for the year ended August. 31, 1933. state that after providing for all bad and doubtful debts, land and income tax, depreciation, writing £2OOO oil goodwill Y.C. Company, account, and taking stock at cost price or market value whichever is the lower, there remains a balance of £6778 14s Bd, made up as follows: Profit for year ended August 31, 1933, £13,440 15s lid; balance, brought forward from previous year, £3462 18s 9d: a total of £16,903 14s Bd. Out of this has already been dealt with ; Reserve for land and income tax, £S(XX); writing-off goodwill Y.C. Company, £2000; interim dividend 21 per cent., paid May 10, 1933, £3125; a total of £10,125; the net amount available for distribution as per profit and loss, account being £6778 14s Bd. It is proposed to pay a dividend ol 5 per cent, per annum on both preference and ordinary shares, £6250, Jess interim dividend as above, £3125, leaving a balance, to be carried forward to next year of £3653 14s Bd. SYDNEY STOCK EXCHANGE FIRM STEADY MARKET (Elec. Tel. Copyricht —United Press Assn.) SYDNEY, October 30. On the Sydney Stock Exchange? there 'is a firm, steady market, .most inquiry being for pastorals in anticipation of the 'resumption of the wool sales. Sales: Bank of New South Wales, £33; 15s; Commercial Bank of Sydney, £l7, 17s; Colonial Sugar, £6l 10a; Australian j Provincial Assurance, 12;>; Associated: News, 20s 4£d; ditto, pref., 20s 3d ; Aus-j tralian Gas, A, £7 7s ; British Tobacco, j ■3Bs 6d; Australian Glass, 52s : Dunlop-j Perdriau, 18s 9d ; Goldsbrough, Mort, 1 New. Zealand delivery, 30s 3d; Tooths, 435; Burns, Philp, 55s 3d : ditto, South Seas, 325; Henry Jones, 35s 6d; Winchcombe. Carson, 29s 6d ; Mallaquin Sugar, 29s 9d : Wilcox, Mofflin, 10s 3d ; Anthony Hordern, 13s 2d; Farmers, 16s 9d ; 'Meggiifs, 21s 3d ; Australian Iron and Steel, pref., 17s 3d; Automatic Totes, 17s 9d ; Broken Hill Proprietary, 40s 6d ; North Broken Hill, 87s; Mt. Morgan, 525; Bulolo Gold, £5 Is; Kuala Kampar, • lls 9d. 1 Morning sales include: Commonwealth Bonds, 4 per cent., 1938, £105; 1941, :£IQS lls 3d; 1944, £lO4 10s; 1947, £105; •1950. £lO5 ss; 1953, £lO5 10s; 1955, £lO6 ; 1957, £lO6 10s ; 1959, £lO5 2s 6d ; i 1961, £lO5 12s 6d; Commercial Bank of Sydney, £l 7 l-7s; Bank of New South Wales, £33. 17s 6d.; Associated News, 20s 4jd ; Broken Hill Proprietary, 40s 6d; Burns, Philp, 55s 3d; Colonial Sugar, £6l 10s; Dunlop-Perdriau. 18s 10jd; preference, do., 34s 6d; Wilcox Mofflin, 10s j | SYDNEY WOOL SALES j HARDENING TENDENCY j SIDNEY, Oct. 31. At the wool sales 13,122 bales w otfi offered, of which 12,743 wore sold and 3080 bales were disposed oi’ privately. The market was again very firm, with a hardening tendemw for all best descriptions. The demand yrns most pronounced in the case of fine quality lines. ■ Competition was very strong from , Yorkshire, France and Japan. J Greasy merino made a new .Sydney. ■ record, 27jd, for seven bales from. Deliingra station. OUTLOOK CHEERING SHEEPFARMERS’ POSITION What is regarded as a good omen for sheepfarmers is the fact that the mat- j ton market is unusually firm for this i period of the year and the opening schedule of fat lamb is considerably in advance of last year’s figures. These factors, write's a Hawera correspondent, 1 have caused a tremendous “comeback” j in the sheep trade, values lifting in sympathy with the prospective export! prices. j This year many graziers, who for the j past few years have been carrying large j numbers of heifers at this time of the j year, have again turned their attention | to sheep. Consequently this has caused i a shortage of wethers and hoggets and I considerable forward buying of fat lambs has resulted, mostly at very satisfactory prices. Peculiarly enough, forward buy-’ ing appears to be confined to Taranaki. ) It is apparent that stability is again entering into the wool trade, a position that is long overdue. DALGETY AND COMPANY Messrs. Dalgety and Company, Limited, have received advice from the compgny’s head office in London that at the annual meeting to he held on November 23 the directors recommend declaring a j final dividend of 2J, per cent., making j (with interim dividend already, declared )j 5 per cent, for the year ended June 30. last. The dividend will be payable on j November 27. The directors propose 1 transferring £IO,OOO to the staff provi- j dent fund, and carrying forward £131,900.