Business Gossip!

Sun (Auckland), Volume 1, Issue 64, 7 June 1927, Page 2

Business Gossip!

White Star Brewery .—A dividend 10 per cent, is made possible as »h‘ result of the year s trading operatic-" of the White Star Brewery j? Christchurch. The balance to credit I in the profit and loss account is at £ 2,186. Allotments Not Cleared.—O n agk market, advance in price h aj . checked the demand and last veeif. butter al.otments were not cleared ccording to advice received by jjv W. W. Bowker from his London p rm V cipals. The cheese market is quiet surplus stocks also having to be carried forward from last week’s allotments* | "V\ W liite sells at 88s to 89s; coloured j S9s to 90s. Goldsbrough, Mort Increasing Capi. tal. —As previously announced in THE SUN, shareholders in Goldsbrough Mort and Co., Ltd., will benefit for the year ending March 31, to the extent of 15 per cent, in dividends and bonuses. Net profits for the year amounted to £ 329,043 as compared with £331,325 for the previous year. An increase of the capital of the company from £1,750,000 to £2.000,00 by the creation of 250.000 new £1 shares is recommended by the directorate. Trustees’ Executors’ Profit.—A net profit for the year of £2,909 is disclosed in the 45th annual report of the Trustees, Executors and Agency Co., Ltd., Dunedin. To this is added £2,043 brought forward from last year, and £BO received from the New Zealand and South Seas Exhibition. Th« directors recommend a dividend of i per cent, and a bonus of 2j per cen;. £3,249 will be carried forward. The total reserve of the company is £IO.OOO and the paid-up capital £20,000. New Company.—Yesterday one new private company was registered ia Auckland. Details are; —Dentist*' Supplies (Australia), Ltd. Objects: To carry out an agreement with Dentists’ Supplies of Auckland, for the purchase of an agency and rights and act as importers of and dealers in dental and surgical instruments, etc. Capital: £15,000, in £1 shares. Subscribers: H. J. Hayward, W. A. Gunn hnd V. Casey, 250 shares each; J. MeGlinchy. K. Wallace, C. H. Black and N. A. Cliff, one share each. MINING NEWS UT. WELCOME.—The manager wired yesterday that a complete change had taken place in quartz in the 143 ft level The country was very hard but pronging. ALBURNIA. —The manager report* m follows:—The eastern crosscut was started and driven out from the main level a distance of 7ft. We have passed through two leaders about 2in in width; the country rock here is all that cm be desired. The western crosscut has been extended from 159 ft to 169 ft. The rock passed through is much the same as that previously reported. Stoping over the intermediate level has been continued as usual. During the week seme dead work has been done, such as t.mbering arid filling in. We had two small breakings down, and in each case seme good stone was selected. Some or the stone obtained had much coarser gcia than any we had got before. The rea is maintaining its size, a little over ism, and looks so promising that at an y„ ic specimen stone may be revealed. All general ore from this stope we are stacxing for treatment.