COMMERCIAL.

Southland Times, Issue 18833, 28 May 1920, Page 2

COMMERCIAL.

CLEARING SALE AT LOCH I EL. Messrs Wright, Stephenson and Go., Ltd., report having held a most •successful flouring sale at l.ochud on Wednesday last, on account of 21 r J. C. Thomson. Notwithstanding the hoi.-termts weather there was a record attendance of the surrounding farmers, and competition was keen. Everything that came under the hammer was in excellent order and was a credit to Mr Thomson. The cows were in great condition and averaged £l7 10/-. Ihe heifers were all scl cl. d from the best cows, and therefore met with a keen demand. The horses also were looking well and sold at full market value. The following were some of the sales: Cows at CO, £lO. £2O, £ I ■'> 10/-, WO, '/is, ns It)/-, £l4, £2l. £ls, £ls, £ls. £i:: in/-. £r_> 10/-, £l7 io/-. £l7 in/-, £SO, £2(l. £25. £25. £l4; one heifer at £ls 1 (!•■-, one a £!0, 2 at £lO 111/-, 2 at £l2, 2 at £1 <. 2 at £ls U! -. 5 at £5 15- -, 3 at £4 5,-; chartmil mare 7yrs, £SO; bay mare 7yrs. £SO; need gelding. £55 ; hay mare 7yrs, £22 ; drill, £57 ; McCormack Linder, £42 ; 40 fa.t lamas at 28/-; and 24 fat lambs at 18./ti. PERPETUAL TRUSTEES, ESTATE, AND AGENCY COMPANY. Hie thirl y--ixth annua! report of the directors ol the Perpetual Tru-ti e-;, E.-tai", a.nd Agency Company of N.Z.. to i>e submitted ur the annual general meeting of shareholders in be held at t !;• > otiice of tlie company, Vot;< 1 sire,‘i, Dunedin, on Wednesday! June 9. 1929. Mates;— ■ "The dirclors have pleasure in submitting their thirty --sixth annual report and halance-she. t. The profit for the year amounts to £9929 11/5, which, added to £1994 o/- lining amount brought forward from previous year | £2595 12/8 i, less income lax for year ended April 50. 1919, £-">!'!• 0 81, -hows an available balance of £8925 14, 5. Out of this an interim dividend at the rate of 15 per cent, per annum on the paid-up capital of £12,500 was paid tor -lie half-year ended October 51, l'J!!h which absorbed £057 10/-, and the directors now recommend that the balance, £7OBO 4- 5, be ili ah with as follows:—To payment, of a dividend on paid-up capital I £12,500 1 at 15 per cent, per annum for half-year ended April 30, 1020, £057 10/-; to re-c-ne fund, £2500; to bonus to stall. £-•50 7. -: I-' depreciation. £55: to carry forward to mxt year (subject to income tax for year jit;-? ended', £5705 7/5. Messrs .hum's Ih-gg and Hubert J. Gihtiour are theretiring di-v.-tors. and both being eligible offer themselves for re-election. Messrs William Hto-.vn and t'o. and Mr (id rge Hlyth, th.e auditors, also retire. Messrs William Brown and Co. offer themselves for re-elec-tion, and Mc.e-rs George Blvth and ('o. tor election."

PRICES Or METALS. ‘ The larc-l quotations for industrial metals j show that the decline in prices, to which | a'irnfmn v.a- drawn a month ago, still i continues. Ihi May tj load fr-il to £57 15'-. ! bur quotation of .May 17 was £4O s'-. | With its exceptem, all prices have been | lading during the past month. The fol--1 lowing 1 al.!-' shows the highest quotations j -i«vo tin- beginning B is war. prices on ‘May r, and tit • late-t figures:i High' i.' Mav li. Latest. : £ s. <l. £ s. ,i. £ s. d. I fai.i'i-!- 122 2 0 100 2 0 91) 5 0 I head 52 10 0 57 15 0 57 15 0 ; Spd; .t 02 0 0 40 10 0 45 15 0 j Tie, .. -18 15 0 570 li) 0 278 I) 0 j Silver . . 0 70 i 0 5 7 5-10 0 410 i j COAL IMPORTS. Of:ich! figures relating to co./i imported I ; i\iw tin- Dominion for the quarter < tided : Madi s'. 1020. show that nearly double !dv quantity was received, as compared |, v.tjfii lha' which came (n hand during the I fir- 1 Hire-* months of 1910. The amounts i r r[-.-ivrd a;-' as follow;j 192(1. 1919. ! Tons. T-e-.e | J ir.nary .. 27,504 8,710 ; id iunary .. -17,757 20,944 j Mur''!) .. .. 57.890 28.519 i Ti a -d-, I 15 15 1 0! 175