RAW MATERIALS

Dominion, Volume 28, Issue 105, 28 January 1935, Page 12

RAW MATERIALS

Last Week’s Closing Rates By Telegraph.—Press Assn. —Copyright, (Received January 27, 6.30 p.m.) London, January 26. Friday's closing prices for the following raw materials were as follow, those for January 18 being in parentheses:— Cotton: Liverpool quotation, good American middling, spot. 7.OSd. a lb. (7.15(1.) ; February delivery, 6.82 d. a lb. (6.57d.1. Rubber: Para. 4 7-Sd. a lb. (same); plantation smoked ribbed sheet. 6 3-Sd. a lb. (G 7-16 d.). Jute: January-Febrnary shipment. Indian jute. Dundee quotation, £l7/12/6 a ton (£l7/7/6). Copra: February-March shipment, nominally. South Sea. £ll/10/- a ton (£l2) ; smoked, £ll/1.0/- a ton (£l2) ; (’ant'ation Rnbaul, £l2/5/- a ton (£l2 15/-). i Linsebd oil: £22/10/- a ton (£2l/15/-). Turpentine: 48/3 a cwt. (same). NET PROFIT HIGHER Christchurch Gas Company lly Telegraph—Press Association. Christchurch. January 27. A not profit of £27,317/18/4 is disclosed in the balance-sheet of the Christchurch Gas. Coal and Coke Company. Ltd., for the year ended December 31, 193-1, compared with £21,489 last year. The directors' report states that sales of gas amounted to 435.046,000 cubic feet, an increase of 7 283,900 cubic feet, or 1.74 per cent. The debenture issue of £lOO,OOO maturing on November 1 has been repaid. The directors recommend a dividend of 3 |>er cent., which, with the interim dividend already paid, makes 6 tier cent, far the year. This will absorb £21.456. The directors recommend placing to reserve fupd £277-1, to renewal fund £2OOO, and to carry forward £9259/15/2.