LEYLAND O'BRIEN TIMBER

Sun (Auckland), Volume II, Issue 505, 7 November 1928, Page 14

LEYLAND O'BRIEN TIMBER

DECREASED PROFITS A slight falling off of net profits is : shown in the annual report and balance j sheet of the Lejland O'Brien Timber Co., < for the year ended September 30, 1925. ; Net profit" is shown at £ll,lOl, comj pared with £12,693 last year. The diri ectors recommend the payment of a f dividend of Is Sd a share, lOd of which was paid in April last. The retiring directors, Mr. W. B. Ley- : land and Mr. C. V. Houghton, again offer ; their services. The annual meeting of shareholders will be held on November ! 28. Following is a comparison of the company’s results for the last three years:— 1926. 1927 1928. Brought forward £50,370 £59,092 £61,184 Net profit . . . . 19,322 12,693 11,101 £69,692 £71.785 £72,285 Dividend, p.c. . . S 1-3 8 1-3 S 1-3 Amount £IO,OOO £IO.OOO £IO.OOO Directors’ honoraria 600 600 600 Car. forward. . £59,092 £61,155 £61,685 LONDON MARKETS METALS AND WHEAT (United P.A.—By Telegraph — Copyright) LONDON, Monday. (Quotations on Nov. 1 in parentheses.) Copper.—Spot, £66 0s 7£d (£6B 3s 12id); three months. £67 9s 4’d (£6S 12s 6d). Electrolytic Copper.—Spot. £74 10s (£74 15s); three months, £75 (£75 ss). Wire Bars.—Spot, £75 (£75 ss); thVee months, £75 (£75 ss) Lead.—Spot, £2l 6s 3d (£2l 15s); three months, £2l 10s (£2l 12s 6d). Spelter.—Spot, £24 2s 6d (£23 16s 3d); three months, £24 3s 9d (£24 ss). Tin.—Spot, .£229 8s 9d ( i; three months £229 16s 3d ( ). Silver.—Standard, 26? d (26 5-Sd) an oz; fine, 28 7-8 d (283 d). WHEAT Wheat.—Cargoes opened quiet and closed steadier. Parcels are in poor demand and occasionally lower. Liverpool futures: December and March, 9s 4 5-8 d a cental; May, 9s 43d. BRADFORD TOPS On the Bradford tops market prices are maintained. but there is little response from spinners.