21 APRIL 1939, Page 38

WHOLESALE CHEMISTS' RESULTS

P. H. Galloway, the wholesale chemists and hairdressers. showed a decreased profit of £19,567 for 1938, against £23,098 in 1937, but the chairman, Mr. J. E. Gallaway, had no diffi- culty at last week's meeting in showing the shareholders that the shrinkage arose from circumstances which are unlikely to be recurrent. The weather in the first three months had affected the sale of cough and lung syrups adversely, and a non-recurring loss had been sustained by the sale of the com- pany's motor vans. The loss on the sale of the vans would, he said, be made up by the economies of the new hiring arrange- ment, and the first three months of 1939 had been exceptionally good for the sale of syrups.