COMMERCIAL.

Star (Christchurch), Issue 18946, 17 December 1929, Page 10

COMMERCIAL.

TINWALD SALE. (Special to the “ Star/’) ASHBURTON, December 17. The final sale this year was held at the Tinwald yards to-day, there being a big entry of fat sheep. The quality was good and prices for ewes showed an easier tendency. The following were the sales up to midday: Fat e-wes.—Eight at 20s 7d, 8 at ISs lOd, 8 at 16s lOd, 6 at 17s 7d, 8 at 19s Id, 3 at 21s sd, 8 at 16s 4d, 10 at 17s 3d, 6 at 18s 9d, 8 at 19s lOd, 7 at 23s 3d, 7 at 19s 4d, 8 at 16s, 8 at 19s Id, 7 at 16s 4d, 4 at 21s 7d. Fat wethers.—Eight at 26s 7d. 8 at 26s lOd, 6 at 27s 3d, 13 at 26s Id. 14 at 25s Id, 5 at 245, 6 at 26s lOd, 12 at 22s 6d. Fat lambs.—Six at 25s 7d, 6 at 24s 2d, 6 at 24s 4d, 2 at 255, 1 at 26s Id. KAURI TIMBER COMPANY. (Special to the “ Star.”) AUCKLAND, December 17. The annual report of the Kauri Timber Company for the year ended August 31 states that the profits for the year, after providing for depreciation, were £20,734, in addition to which the amount brought forward was £653. The directors have transferred £ISOO from the dividend equalisation fund, making a total of £22,888. A dividend of 3 per cent, as announced on November 16, absorbs £22,500, leaving £3BB to be carried forward. Shareholders’ funds, comprising £750,000 of capital and various reserves, reached a total of £1,069,218 in 1925, since when they have fallen to £989,091, the amount shown in the latest balance-sheet. The gross profits for the past year are stated at £87,605, against £91,613 in the previous year. Management expenses have been reduced from £45,667 to £39,448, in addition to which is £4357 provided for income tax. Depreciation totals £10,752. against £10,951, and repairs and maintenance £8221, against £IO,OIO. Bad debts amount to £1835, against £2944. Appropriations for insurance amount to £2257, against £2109. Liabilities other than shareholders’ funds have been reduced by £6383 to £30,360. Loans on deposit a year ago amounted to £12,101. This item does not appear in the present account. Sundry creditors have increased from £18,805 to £27,843, but liability to the bankers at £1554, is less by £396. The amount due to contractors on account of logs is £BBB, as against £3783. The principal item among the assets, stock-in-trade, is £239,763, against £284,241. Sundry debtors total £90,453, as against £107,292. Shares in other companies remain at £148,471, but other investments have increased by £69,055 to £152,378.

STOCK EXCHANGE. CHRISTCHURCH. Following are to-day’s quotations:— Buyers Sellers

Sales on ’Change-*—Goldsbrough Mort ** rights,” 4s 7d. 4s 8d (2) ; Staples Brewery, 52s lOd (2); Australian Distilleries 21s 3d; British Tobacco, 44s 9d; Mt Lye 11, 41s 3d (7); Mahakipawa. 4d (2). Sales reported—Goldsbrough Mori (cum dlv.), 37s (2); British Tobacco, 45s (cum div.). . . No of Shares—l7s Goldsbrough Mort (cum div.), 217 Goldsbrough Mort “ rights,” 100 Staples Brewery, 100 Australian Distilleries. 150 British Tobacco (cum div.), 1100 Mt Lyell (cum div.). 1000 Mahakipawa Goldfields.

N.Z. GOVT. STOCK 4i p.c. Inscr. and £ s. d 100 0 99 15 5ft p.c. Bonds, 1933 101 0 0 101 10 101 2 6 101 17 5ft p.c. Bonds, 1936 101 5 OTHER DEBENTURES — N.Z. Breweries (Inscr.) .... 1 8 0 1 8 Wellington Gas 6J p.c., 1931 BANKS— 1 Comm, of Aust. . . 1 b b 1 Comm, of Aust. (pref.) tralasia (£5 pd.> 7 6 12 6 6 40 0 New Zealand .... 2 18 1 2 18 Union of Aust. .. INSURANCE— A.P.A. (cum div.) LOAN AND AGENCY— Dalgety and Co... 12 14 0 12 Goldsbrough Mort (cum div.) 1 16 9 1 Goldsbrough Mort " rights ” .... 0 4 7 FROZEN MEAT— N.Z. Refrigerating (£1 paid) 0 11 9 0 12 5 N.Z. Refrigerating (10s paid) .... 0 4 6 4 North Canterbury Freezing ..... 0 0 COAL— Westport GAS — 1 4 6 1 4 11 Christchurch (10s paid) • 3 BREWERIES — 2 12 9 Timaru <5s paid) 2 12 0 16 MISCELLANEOUS — Australian DistilD.I.C. (ord.) 1 1 10 6 paid) 0 8 1 0 8 3 2 4 Dunlop Rubber .. 1 3 0 1 Electrolytic Zinc (pref.) 1 13 and Tile .... 1 5 1 It O 1 0 0 1 Mt Dyell (cum 1 N.Z. Drug Co. .. 3 14 0 N.Z. Farmers’ Coop. (£2 10s paid) 15 N.Z. Farmers’ Coop. (10s paid) . . N.Z. Farmers’ Coop. (1st pref.).. op, (“ A ” pref.) op. (“B” pref.) 3 4 N.Z. Farmers’ Co1939) 90 N.Z. Farmers’ Coop. (61 p.c. Stk. 1945) N.Z. Farmers’ FerN.Z. Paper Mills.. Quill Morris Victoria Nyanza Sugar (cum div) Wilson’s Cement. . Wireless (cont.) MINING— Mahakipawa 0 Winding Creek (6d paid) paid) 0 0