COMMERCIAL

Evening Star, Issue 20134, 26 March 1929, Page 6

COMMERCIAL

DUNEDIN AND KAIKORAI TRAM COMPANY. ANNUAL REPORT. Tho annual report of tho Dunedin and Kaikorai Tram Company, Ltd., states ; The directors submit, the thirtyfourth annual report, 'balance-sheet, and. profit and loss account, showing tho results of the operations of the company for the year ended January 31, 1929. It will be noted that the results, are somewhat better than those published in last year’s .report, savings effected along certain lines having assisted to the result. The traffic receipts for the year totalled £12,105 14s Bd, being an increase over 1928 of £147, 14s 3d. The cars ran 35,463 trips, covering in all 79,792 miles, carrying 611,417 down passengers and 806.871. up passengers. The super-heating plant referred to in last year’s report was duly installed in July, and a fair trial was given it without getting the anticipated results as to the saving of coal. However, just at the close of the financial year a slight alteration was mad© in collection with the plant, which now shows, every sign of giving the desired result in the matter of economy. _ Tho directors declared an interim dividend at tho rate of 10 per cent, per annum for the half-year ended July 31. 1928. and recommend a further dividend at the rate of 10 per cent, ner annum for the half-year ended January 31 last. They also recommend that the sum of £SOO he transferred from appropriation, account io reserve account, which will then reach £II,OOO. Mr J. R-. Wilson, retires from the hoard by rotation, and Messrs Barr. Horens, and Co. retire as auditors. All being eligible offer themselves for re-election. GRAIN AND PRODUCE. Messrs Donald Reid and Co., Ltd,,report:— Oats,—Few oats are offering yet, and as threshing has been further delayed with the recent had weather, it will probably he another fortnight before offerings become general. Tho quality of the oats so far offered has been exceptionally good, and the bulk have been sold and passed into millers’hands. Values are firm at prices np to 3s for good milling quality: 2s 10s is the nominal shipping value for A grade Cartons and 2s 7d for B grade, sacks extra, on trucks, country stations.

Wheat. —Offerings of free wheat eased off at the Ifttter end of the week. The bulk of the crops sold forward, and already threshed have been accepted by the millers as good milling quality. "The season all round from a farmer's point of view is good in comparison with the last two season's. Recent sales of free wheat are as follows:—Tusean, os 7d to 5s 3d; Hunters, 5s lOd to Cs; Velvet, Os 4cl to 6s 6d. The difference in price represents longer railage charges. Chaff.—The demand has not yet increased, and will remain much thesame until the frosts cut off the green feed. The consuming capacity of thecities is slowly decreasing as improved motor transport becomes available. The bulk of the consignments are still coming from Canterbury, and prices remain round about recent rates: Prime from £5 10s to £5 15s, sacks extra, ex truck, Dunediu. Potatoes. —The wet weather, delaying digging, has had the effect of slightly improving the local market. The tubers offering are not quite ripe yet, and merchants are buying sparingly. Best tables are worth up to £6, sacks in, ex truck, Dunedin. BROWN, EWINC, AND CO.'S DIVIDEND. Messrs Brown. Kuing, and Co., Ltd.,have paid their usual dividend of 4 per cent, on ordinary shares and 3 per cent, on preference shares for the halfyear. SYDNEY WOOL SALES. Tress Association—By Telegraph—Copyright. SYDNEY, March 25. The wool market ruled without change iron) last week, the Japancso and Continental buyers being vigorous operatives. Comebacks and crossbrals sold readilv, and greasy merino sold at 25Jd. A total "of 12/381 bales was sold. WHEAT MARKET. LONDON, March 25. (Received March 2(>, at 10.45 a.m.)' Wheat cargoes are again easier.They closed at yd and Gd down. Parcels are in quiet demand, with a similar decline. Liverpool futures: March, 8s 9Jd; May, 8s 11 7-8 d; July, 9s 2 7-8 d; October, 9s o|d. —Australian Press Association. BRADFORD MARKET. LONDON, March 25. (Received March 26, nt 10.45 a.m.) The Bradford market is quiet, but firm, with slightly improved inquiry. Little business is passing.—Australia Press Association.