Business Gossip

Sun (Auckland), Volume I, Issue 164, 1 October 1927, Page 5

Business Gossip

a New Zealand Perpetual Forests, Ltd— A dividend at the rate of 10 per cent based upon estimated profits, £33,154 iss is recommended by the directors of the Perpetual Forests, Ltd,, in their annual 1927 * b h ? year ended September 5, 1927. The balance sheet at July 16, 1927 shows subscribed capital at £133,617 10s a ;? d nol y lt P aid up in bonds at £781,414 17s 7d. Principal assets are shown as cv'y'j , dn y, e>opm f nt less mortgage! £782,482 11s 6d; goodwill, £15,000; sundry debtors, serve investment fund, £54,108 6s 8d; cash 2s 3d ‘ The re P° rt states mat in 1925, th€s company’s first planting season, a net planting of 9,733 acres was established, while in 1926 a world record Ia a i S o«> crieated ky the gross planting of 49,122 acres. Up to July 31, a further net area of 8,616 acres has been completed, making a total area afforested by the company of 63,271 acres. The directors have decided to issue the 82,065 unallotted shares to existing shareholders at par.

London Wool Sales. —Dalgety and Co., Ltd., report receipt of the following London cable dated September 29.—“W00l sales: The sales closed active with brisk competiition except in scoured Merinos, short and faulty, and carbonising, which were not much wanted. As compared with closing rates of last series, greasy Merino was id to Id higher. Scoured Merinos were unchanged. Greasy halfbred Id higher. Scoured halfbred unchanged. Greasy crossbred fine id to Id higher. Greasy crossbred, medium and coarse, par to id higher; scoured crossbred, unchajiged; fine slipe, id to Id higher; coarse medium slipe par to Id higher; ilambs unchanged. Total offered 144.500 bales, Continent have bought 60,000, Horae trade 56,500, America** 3,000; carried forward, 16,000 bales, of which 3.500 not offered. Prices ranged as follow: Merino, good to super 24id to 27d, low to medium 19d to 24d; halfbred, 56 to 58, good to super, 24d to 26Jd, low to medium 19id to 23Jd; halfbred, 50 to 56, good to super 21id to 23d, low to medium 17id to 20£d; fine crossbred, 48 to 50, good to super 17id to 21d, low to medium 15£d to 17d; fine crossbred, 46 to 48, good to super 16!d to 18£d, low to medium 14id to 16d; crossbred, 44 to 46, good to super 15Jd to 17 d, low to medium 13£d to 15d; crossbred, 40 to 44, good to super 14id to 15id, low to medium 13d to 14d; coarse crossbred, 36 to 40, good to super 13£d .to t.ldi iqccUudi to sre-od 12d to 134.