Business Gossip

Sun (Auckland), Volume 1, Issue 43, 13 May 1927, Page 2

Business Gossip

Call to Shareholders.— A furthercah of Is per share, payable on May 23. is announced by the directors of Hether ington Collieries, Ltd. Bank of N.S.W. Dividend.—An i: terim dividend at the rate of 10 PJ cent, per annum, payable on May • has been declared by the directors l the Bank of New South Wales. Transfer books close May 16. N ewspaper Di rectory.— Valuable information and statistics on inte * perial trade is contained in the n edition of the Newspaper Press Vectory. The edition, which comprise* 670 pages, includes a complete of the newspapers, magazines •* periodical magazines published in British Empire and principal foreiS" countries. Sugar Down 10s A Ton.-L : the second time this wholesale price of sugar has »> een duced 10s a ton. The reduction » came effective to-day. Under t rates, the wholesale price of * o- ‘‘ the popular table sugar, be p ol £” 10s a ton. Last December, it was 10s, compared with £22 at the e 1925, and £2B 10s in December, D-’-New Private Company.— With W object of acquiring and taKing the business of builders and co ° . now carried on at Papakura --lyaie style of Markwick Bros, the new P company of Markwick Bros., 'L ofr n registered yesterday. Capit 3 - 1 at £4,000 in £1 shares. T. Markwick, 2,330 shares: wick, 920 shares; W. G. Mark shares. Railways Pay In Ca, l a^^r^earnings of the Canadian P* l way Company for last year® by 14,669,586 dollars to dollars, while expenses were dollars higher at 153,080,46 j The net earnings, therefore, * w expansion of 4,790,351 44.945,126 dollars. as compare .. 1925. The directors are of tne ion that the results must be j c as satisfactory, constituting as the largest net revenues am Y but they note that the future of the company will depend availability of surplus earning ' investment in improvements a terments of the property if 1 pany is to do its full share in * w its two outstanding duties na supply the most efficient transpo at reasonable rates and to r® r t 0 own very substantial contnbu Canadian development and m expansion. Home Meat Market Activities.' Although trade conditions con .. w cl improve steadily, states a J^ x reo Tf* the London market issued b> C. Kean ?md Co., London, 1 .ijeni period ending March 31, it ** j*. that the country has not . r ] x h *f coil covered from the effects of t strike and the losses occasioned » —losses, not only in wages, ® in returns -from investments, now being manifested in tne dividends distributed bv man iU- ere is great industrial concerns. 1 no*& no doubt that the purchasin-s of the nation is still u . n^er «r rir ts os and this is not without its en the meat trade. The demand ally has not been sufficient with the importations from an j and there has been a sharp . yjgd values of mutton and l*® o ?* j e vds beef had already fallen to i during previous months. A gji has been the special eman< l l , a rter s ' light-weight carcases or .Jidero* which have commanded a con .premium over heavy grades*