Page 16 Advertisements Column 6

Timaru Herald, Volume CXLII, Issue 20513, 3 September 1936, Page 16

BURNSIDE SALE BEEF SELLS WELL By lelegrs ph—Press association DUNEDIN,, September 2. Values for beef at Burnside to-day improved considerably, but the market for mutton showed a slight decrease. Only 252 fat cattle were penned. Extra prime heavy bullocks made £22 17 6. prime heavy £l5/10. - to £l7 12 6. medium £l2 7 6 to £l3/7/6, and light £9 10 -to £lO 17 6. Extra prime heavy cows sold to £l4/12 6 and best heifers to £l2. 7 6. The entry of store cattle was small. A pen of three-year-old steers brought to £B, and a pen of two-year-old steers £6/7/6. Best young dairy cows close to profit realised £7. There was a yarding of 1731 fat sheep. Though the sale opened easier, values improved later. Best wethers made £2/0/3, prime £l/15/- to £l/17/-, medium £l/11/6 to £l/13/-, best ewes to £l/16/9, heavy £l/9/- uO £l/11/6, medium £l/5/- to £l/7/6 and best hoggets to £l/12/6. There was keen competition in the fat pig section, heavy baconers making to £4/10/-, medium £3/15/- to £4, heavy porkers £2/10/- to £2/15/- and medium £2/5/- to £2/10/-. The yarding of store pigs met a ready demand and was completely cleared at satisfactory prices. WRIGHT, STEPHENSON, LTD. A SUCCESSFUL YEAR The thirtieth annual meeting of Wright, Stephenson and Co., Ltd., was held at Wellington, on Tuesday. The annual balance date having been altered from March 31 to June 30 the profit and loss account for the 15 months’ period showed a credit balance of £40,219/16/2, to which had to be added the amount carried forward from last year £29,428/0/1, making a total of £69,647/16/3. From this had been deducted the interim dividend. paid on November 15 last, amounting to £12,250/16 9, and also the interim dividend of the same amount (£12,250/16/9) paid on May *), 1936, leaving a balance of £45,146 2 9 available for distribution. A dividend of IS per cent on the ordinary shares was declared (making per cent for the 15 months, equal to per cent per annum) and the fixed payment, at the rate of 5 per cent per annum, to the preference shareholders was adopted, leaving a balance of £37,144/4/2 to be carried forward. Messrs John Macdonald. H. A. Price and W. M. Shand, retiring directors, were re-elected. KAIAPOI WOOLLEN CO. DIVIDEND OF 5 PER CENT The directors of the Kaiapoi W’oollen Coy. report that improved trading conditions have been experienced during the year and are reflected in the results to be placed before shareholders. After providing the sum of £7OOO for depreciation there is a surplus (inclusive of the carry forward from last year of £651/5/1) of £23,342/17/5. Stocks at £226,664,18/5 are £17,789/11/2 lower than last year, and again include an extensive holding of bulk greasy wools. Properties and plant have been fully maintained in first class order and further important additions have been made during the year. The directors recommend that the balance be dealt with r.s follows: — £ s. d. To payment of dividend on ordinary shares at 5 per cent 12,115 9 3 To payment of dividend on preference shares at 5 per cent 3.259 10 9 To provide for income tax 6,000 0 0 To carry to general reserve 1.500 0 0 To carry forward 467 17 5 £23,342 17 5 COLOMBO TEA AUCTION By felegra ph Press Association DUNEDIN, September 2. L. M. Wright has received the following cabled report on the Colombo tea auction of September 1: At the sale of 1.500.0001 b quotations for common teas advanced $d and medium and fir? teas about Id to id, the advance being due to keen London buying. The next sale will be held on September 15. BRITISH TOBACCO Bv Telegraph —Press Association WELLINGTON, September 2. | The Stock Exchange Association : - ! ceived advice that the British Tobacco I Co. has declared a quarterly dividend ! of 2 per cent payable on September CO. MINING NEWS By leie&raptt p»ess Association AUCKLAND. September 2. The Mataki return for the four weeks ended August 30 amounted to 140 oz. 13dwt 9grs. SILVER British Official Wireless RUGBY, September 1. Silver—Spot and forward 19 11-16 d an ounce. CONSTIPATION THE MOST SATISFACTORY REMEDY Mr C. H. Trainor, 7 Hardy Street, Wanganui, writes: “I can recommend Dr. Morse’s Indian Root Pills as an excellent laxative medicine and from personal experience of their ,|co for many years I found they do not purge nor gripe but act mildly and effectively and to any person subject to constipation I would urge their use for the speedy remedy of this prevalent complaint.” ....