STORE PROSPERITY.
Only last week I referred to the prosperity which is being_ experienced just now by most of. London's big Stores, and the Annual Report of the Army, and Navy Co-operative Society shows that the trifling setback in gross profits in 1924-25 has proved to be of brief duration,' the gross profits for the past • year amounting to £762,000, as compared with £692,000. Expenses, however, have also risen, but the net , of £256;000 compares with £230,000. Inasmuch as the Compay already pays the substantial dividend of 25 per cent., it is not surprising, perhaps, that the Directors on this occasion have not increased the dividend, but the carry-forward is raised from £54,000 to £78,000, and, with the baLanee7sheet shOWing a strong position, that the 10s. shares should hac;.e risen tis
nearly £2 per share.. _
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