Commercial News

Auckland Star, Volume LXXIV, Issue 272, 16 November 1943, Page 5

Commercial News

ON 'CHANGE FERTILIZER SHARES UP Buyers displayed eagerness on the Auckland Stock Exchange to-day when two parcels of Farmers' Fertilizer shares were quickly snapped up at £1 2/, a gain of 6d on late dealing and the best price since February, 1941. Hume Pipe CAus.) changed hands at par. the previous business being at 13/9 last February. Insurances maintained their strength, buyers coming forward at £3 13/ for South British, with sellers absent. In several instances holders of Government stock withdrew their quotations. SALES COMPLETED At the 3 p.m. call yesterday:—Union Bank. £7 13/6 (£7 13/); N.Z. Insurance, £4 6/9; South British Insurance, £3 13/ (£3 12/3); Woolworths Holdings, £1 10/6 (£1 9/8); Mount Morgan. 8/3 (8/9); Stock. 15/9/52-55, 3 p.c., £98 2/6; Stock. 15/12/53-56. 3 p.c., £98 12/6. At the 9.45 a.m. call to-day:—Bank N./S.W., £33 15/; Auckland Gas, 7/3 (7/2); Northern Steam, 10/8; Colonial Sugar. £56 12/6; Consolidated Brick, 10/9; Cash Orders, 16/3 ( —); Hume Pipe (Aust.) £1 (13/9); K.D.V. Boxes. 12/3; Farmers' Fertilizer, £12/ (2) (£1 1/6); Woolworths (N.Z.), 17/ (16/11). At the 11.45 a.m. call to-day:—G. J. Coles, ' £2 19/9. Last sale price in parentheses where changed, j LATEST QUOTATIONS Buyers Sellers Commercial Bank Australia . 17/2 .. 17/6 , Commercial Bank Sydney .. 20/0/0 .. — National Bank N.Z — .. 2/14/6: Bank New South Wales .... 33/10/0 .. 34/0/0 j Bank New Zealand 2/1/5 .. 2/1/7 National Insurance 1/4/3 .. 1/5/0 i New Zealand Insurance .... 4/6/3 .. 4/7/6 1 South British Insurance .... 3/13/0 .. — Standard Insurance 3/15/0 .. — Dominion Investment 1/2/6 .. — Goldsbrough Mort 1/8/0 .. — Traders' Finance 13/0 .. — Traders' Finance (con.) .... 5/3 .. — Kaitangata Coal — .. 1/14/6 Taupiri Coal (Otd.) 1/5/0 .. — Auckland Gas 7/2 .. 7/4 Auckland Gas (con.) 3/1 .. 3/3 Devonport Ferry 1/9/0 .. — Parker Lamb ' '3/0 . . 4/6 Taupo Totara (ord.) ...... 7/4 .. — Bruce Woollen (ord.) 1/9/0 .. 1/11/6 Kaiapoi Woollen (con.) .... 8/9 .. — Lustre Hosiery 1/3/0 .. 1/6/0 Tattersfield 1/17/0 .. — Wellington Woollen 9/0/0 .. — Dominion Breweries (ord.) .. 1/19/6 .. 1/19/9 Dominion Breweries (pf.) .... 1/19/6 .. — I New Zealand Breweries 1/18/9 .. — Berlei (N.Z.) 3/13/0 .. — British Tobacco 2/7/6 .. — Broken Hill Proprietary 2/4/6, •• 2/4/10 Claude Neon (N.Z.) 1/6/6 .. 1/7/6 Colonial Sugar 56/10/0 .. — Consolidated Brick 10/10 .. 10/11 Farmers' Trading 1/3/4 .. — Farmers' Trading (B pf.) .. 1/4/6 .. 1/6/6 Hill and Plummer 1/8/0 .. — Lewis Eady (pf:) 5/6 .. — McKendrick Bros, (ord.) .... 1/2/6 .. — Metters - 18/6 .. 19/6 M.K. Manufacturers 6/6 .. 7/0 National Electrical 1/10/0 .. 1/14/0 Auckland Laundry 18/3 .. 19/6 N.Z. Forest Products (ord.) 8/0 .. 8/6 N.Z. Forest Products (pf.) 12/1 .. 13/0 N.Z. Newspapers 1/18/6 .. 2/0/0 Radio (1936) 16/3 .. — Reid Rubber 1/9/6 .. 1/10/3 Reid Rubber (con.) 12/0 .. 13/6 Taranaki Oil Fields 3/0 .. 3/6 Woolworths (N.Z.) 16/11 .. 17/3 Woolworths Properties — .. 1/8/6 Woolworths (Sydney) 18/3 .. — Waihi Invests j 5/2 .. 5/6 BuloJo 4/7/6 .. 4/17/0 Mount Lyell. •.... •• • 1/10/3 .. 1/11/0 Mount Morgan (ord.) 8/2 .. 8/6 War Loan, 1/10/53, 2Vz p.c. .. 94/2/6 .. 94/10/0 Stock: 15/9/47, 2*/2 P.c 97/10/0 .. — 15/9/52-55, 3 p.c 98/0/0 .. — 15/9/57-60, 34 p.c 100/10/0 .. — 31/5/54-58, 4 p.c 107/15/0 .. — Booth-Macdonald, 1/6/47, 5 93/0/0 .. — N.Z. Farm. Co-op., 31/1/50, 4Vz P-C 96/0/0 .• — SOUTHERN EXCHANGES I Wellington, this day Stock, 19£11 54. 3 p.c., £98 11/3; Bank N.Z. (ex div.), £2 1/6; Bank N.S.W., £33 15/; Leyland O'Brien (cum. div.). £1 1/6; Consolidated Brick, 10/9. ; Christchurch, this day.—Stock, December', 1953- j 56, 3 per cent, £98 15/; Timaru Woollen, £1 1/; ] Beath and Co., £1 7/; Grey River, 14/. Reported: Stock, 1943-46. 4 per cent, £101 10/. I RESERVE BANK RETURN LOWER NOTE CIRCULATION (P.A.) WELLINGTON, tfcis day. .The Reserve Bank return for the week ended, Monday, November 8, with variations in the figures compared with the previous week's statement, is is follows:— Liabilities Variation £ £ j General Reserve 1,500,000 Same j Bank Notes 34,704,713 —107,545 ; Demand Liabilities — „ State 18,651,050 +1,150,120 Banks 26,797,741 —1,302,179 Other 635,162 +34,8/6 Other Currencies .. 11,113 + Other Liabilities 1,674,211 4-5.774 Total 83,973,997 —217,894 Assets £ £ Reserve — > Gold 2,801,877 Same Sterling Exchange . 29,215,618 — 20, 51? Subsidiary Coin 28,556 +939 Advances — . Marketing 1,431,640 +12,104 Other 37,735,000 Same Investment . 10,324,489 Same Other Assets 2,436,817 —210,417 Total 83,973,997 —217,894 Proportion of reserve to notes and other demand liabilities, 39.617 per cent (previous week, 39.534 per ccnt). MALAYAN TIN GROUP Plans to reorganise wartime control and to provide for rehabilitation of the tin industry in Malaya are proposed by the large group of AngloOriental tin dredging companies. The companies include Jelapang, Kampong, Lanjut, Kramat, Kuala Kampar, Kundang, Larut, Rawang Concessions and Rawang. Meetings of shareholders to be held in London in February will be asked to set up new boards which will bo able to function freely in London to protcct the companies' assets outside enemy territory and their interests in resuming the industry in Malaya, where control will be retransferred after the war. The directors hope, when the registered offico is set up in London, to arrange for shareholders whose shares are. on the Malayan register to* be enabled to deal witrr their shares. Although no accounts since ly-iu could be prepared, the companies' financial position so far as is known is set out. J. C. WILLIAMSON ACCOUNTS Profit of J. C. Williamson, Ltd., for the year ended June 30 is £28,405, an increase of £13,443 on the year. Ordinary dividend is raised from 1 per cent to 2 5-8 per cent, requiring £9844, and 6 per cent preference dividend absorbs £10,200. Gross profit was £53,555 (£34,3b2 last year), and expenses £24,150 (£19,400). Aggregate accounts of six subsidiary companies show a profit of £699, compared with £20.674 the previous year. No proportion of the profits and losses have been brought into account in arriving at profit of J. C. Williamson, Ltd. GRAIN, SEED AND PRODUCE The following is the official wholesale market report of the Auckland Grain, Seed and Produce Merchants' Association'—A small shipment ol wheat is being distributed. Fair stocks are held in store and are moving out at 7/4 to 7/6 a bushel. Supplies of maize are still difficult ouing to lack of shipping. For whole maize the Prices aro 7/10 to 8/1 a bushel, and for kibbled 8/1 to 8/4 The South Island market for oats is very firm and the demand is steady. Prices through store range from 5/6 to 5/9 a bushel. Fair stocks of chaff are held by merchants and arc moving out quietly at £13 to £14 a ton. There is a steady inquiry for undipped barley, which is selling through store at 5/3 to 5/6 a bushel, with machine-dressed and clipped at 6/ to 6/5. Stocks of Australian barleymeal arc still available and are selling through store at £il 10/ to £12 5/ a ton, with New Zealand-grown meal at £12 10/ to £13 5/ a ton. There is no advice of any shipments of stockmeal; tne demand is being met through store at from £11 2/3 to £11 17/6 a ton. MINING RETURNS Associated Gold (West Coast). —Week ended November 13: 2620z, 374 hours, 98,230 yards. Maori Gold (West Coast). —Last week: 32V 4 0z, 128 hours, 13,500 yards.

AT THE MARTS HEAVY PRODUCE SUPPLIES Heavy quantities of seasonal vegetables were selling at cheaper rates at the city markets to-day. This applied especially to asparagus, cabbages, cauliflowers and lettuce. Green peas are now more plentiful with prices lower. New potatoes are also ample to meet the demand. Rhubarb was in good supply. Berry fruits were in keen demand and choice strawberries made from 3/ to 4/6 a chip. Tomatoes met with good inquiry. Prices were:— Fruit. —Tomatoes. Hothouse. 1/9 to 2/8 per case. Tree Tomatoes: New Black, 34/ per case; yellow, 28/ to 30/. Grapefruit. New Zealand, 25/ to 40/ per case. Plums. Cooking. 9/ to 12/6 per case. Strawberries: Few special up. 5/ per chip; Captain Cook, extra choice, 3/ to 4/6; others, jam, 1/3 to 1/9. Gooseberries, 28/6 a case. Vegetables.—Asparagus, 8a to 1/6 per bundle. Beet, 3,3 to 7,6 per case. Broad Beans, 3/ to 6/ per case. Carrots, 6/ to 14/ per bag. Cauliflowers, 2' to 6/ per sack. Cabbage?, 3/6 to 10/ per sack. Green Peas, 6* id to 8d per lb. Kumaras. 28/ to 33/ per cwt. Leeks, 4d to 9ci per bundle. Lettuce, 4/ to 12/ per case. Marrows, new season s, 4/ to 12/6 per doz. Onions. 30/ to 34/9 pel* cwt. Potatoes; Southern, 17/ per sack; Ohakune, 15/9 per cwt; new, No. 1. 2 5-8 d per lb, No. 2, 3/ to 6/ per bag.. Pumpkins. Choice Triumble. 18/ to 30' per cwt. Parsnips, 25/ to 30/ per cwt. Radish, 1/6 to 3/6 per doz. Rhubarb, 4/6 to 11/ per case. Spinach. 2/ to 5/ per case. Spring Onions, 6d to 1/6 per bundle. Swedes, 3/6 to 5/6 per bag. Turnips, 6/ to 9/ per case. Tcultry.—The supply was medium and the demand was fair. The prices remained unchanged. Selling rates were:—Cockerels; Heavy breeds, prime. 8/6 to 14/ each; not prime. 6/ to 7/6; light breeds, prime, 7/ to 10/ each; not prime, 4/ to 5/. Hens: Heavy breeds. 7/ to 10/ each; light breeds, 4/ to 5/. Pullets: Heavy breeds, best, 7/ to 10/ eich; smaller, 5/ to 7/; light breeas, best 6' to 7/6; smaller. 3/ up. Drakes, young, prime, 4/6 to 5/6 each. Ducks, young, 5/ each; old, 3/ Eggs and Flowers.— Eggs: Standard Hen. 1/10V 2 per doz; Standard Duck, l/10 x ,2. Cut Flowers. Moderate supply of flowers to hand. Demand and prices wero fair. LARGE TAXATION BILL Speaking at the annual meeting of the Bruce Woollen Manufacturing Co., Ltd. at Milton (Otago), the chairman, Mr. F. L. Nicholson, said: "When I tell you that during the past four years the amount reserved for taxation has been £231,500, and the shareholders' return during this period has been £43,200. you will have a ; clear understanding of the drag which taxation 1 is on the finances of the company, with a result- ■ ant retarding of its normal expansion." WEATHER FORECAST The Government meteorologist issued to the Auckland Star this afternoon the following special weather forecast for the Auckland Province to as far south as Hamilton, Kawhia and Tauranga:— Moderate south to south-west winds. Weather fair apart from a brief shower or two in western- districts. Temperatures moderate. Further outlook: Similar conditions. LOCAL -CONDITIONS'' OBSERVATIONS AT 9 A.M. Yesterday To-day General Conditions Fine Fine Barometer .... 29.86 in. 29.88 in. Air Temperature 59.2° 61.3° Humidity 67 p.c. 71 p.c. Wind S. S.S.E. (L. breeze) (G. breeze) Velocity wind previous 24 hours 101 miles Rainfall during previous 24 hours — Rainfall to date this month 1.63 in. Days with rain this month 5 Temperature in shade yesterday: Maximum 61.5° Minimum 53.0° Maximum temperature in sun 127.0° Bright sunshine yesterday 2h. om. Minimum ' temperature on grass 47.0° Foregoing observations taken at the Albert Park Observatory by the Government Observer. HIGH WATER Auckland To-day 10.20 a.m. 10.43 p.m. Auckland Wednesday 11.04 a.m. 11.26 p.m. Onehunga Wednesday -2.20 a.m." * 2.41 p.m. Manukau Hds.. .Wednesday 1.20 a.m. 1.41 p.m. Kaipara Hds... .Wednesday 2.15 a.m. 2.36 p.m. Make 1943 Auckland's Record Year fol Patriotic Funds. Send your oonation to the Treasurer, P.O. Box 2223, Auckland. —(Ad.) USED CARS AND TRUCKS FOR SALE AUSTIN 7. tyros perfect; any trial.—G2-453. 16 AUSTIN 7, 1935; good order; £150. or offer.— Phone 60-153. 18 AUSTIN 7 Saloon, £125; Austin 7 Saloon • £47 10/. —Paine Bros.< -• Otahuhu. • 17 1 AUSTIN 7 Tqurer, good .'condition, tyres, etc.; cheap.—22s, Campbell Rd.. Green Lane. 16 BEDFORD Truck, 15cwt, 1D36; perfect order; £175, or oiler.—Phone 60-158. 18 BEDFORD, Bcwt, 1937 good condition throughout; j £200, or near offer. —74, McCullough Ave., Mt. Roskill. _16 CHEV. Sedan, £120; perfect mechanically, sound, splendid tyres, low mileage.—2s, Cheltenham Rd. 16 AUSTIN -7, 1931 Sedan, tyres almost new, good body; offers wanted; trade cheaper Car; £50, 1930 4-Cyl. Sedan, very economical. —48; Wellington St. 36 j OHEV., 1934, rubber, and condition good,- £175.t— i Arthur Taylor,' 100, ' Albert St., between Victoria and Wellesley Sts. 16 ! CHRYSLER Roadster, 1928-1929, £65; good rubber, fair condition. —19, Chamberlain St., Grey Lynn. ■ . • I_6 FORD V 8 1933, 4-door. first-class order, tyres good. Milne, 159, Ealmoral Rd. 17 CIIA HAM Sedan, 1931 model, good order, 2 spare wheels; £95.—27, Wyndham St. • 16 j MORRIS 12, 1937, beautiful tyres and condition: £235. —Phone 45-771. 18 MORRIS 14-6 Salcon. 1938. 29,000; condition excell&nt. tyres good; £345.— T. 4921. Star. 18 MORKIS-Cowley Light Van, good order, reasonable.—23. St.r Parnell (after 5 p.m.). 18 MORRIS 1936. —22, Tranmere Rd., Sandringham. ! MORRIS 8, 1938. 4-Door; tyres and upholstery good: one owner; urgent sale.—Phone 62-596 (evening). L 8 MORRIS, 8 h.p., 1933; topping condition, good tyres, two spares; 4 forward gears; £125. —Ring 16-939 (from 9 a.m. to 6 p.m.). _17 MORRIS 8, 1933, Saloon; perfect tyres and condition, repainted; carefully driven; £230. —Cadman's Petrol Station. 150. Beach Rd. Phone 41-288. x! 6 NASH. 1931, with Gas Producer. —22, Tranmere Rd., Sandringham. x! 8 RUGBY 1930 Van, new tyres.- £75; Rugby 1929 Sedan. £45.—Write T. 4997, -Star. • 16 SINGER, Sports. 1933, good tyres and condition, new battery; £80.-8. Kirk St.-, Grey Lynn (after 5.30 r>.m.). ; ; _16 VAUXHALL 10. 1938; one owner; excellent condition; £295. —Phone 165. Otahuhu. xl 7 VAUXHALL 14 De Luxe, excellent condition; £335.—Write Originrl Owner. 5042. Staf.l 16 1930 BUICK 6 Sedan, with Gas Producer; a snip at £57 10/ cash.—7. Provost St., Heme Bay. 17 1939 MORRIS 8 Saloon.—Write B. 0658. STAR. 17 £495—NASH. 400, De Luxe, 1937 Model, equipped with all extras, including cruising gear; small mileage and new condition. —Apply Box 89, New Plymouth. { 17 ARMY TRUCKS ARMY TRUCKS New release shortly. For better scrvicc and selection, contact Tappenden Motors, Ltd., master agents for the famous British Bedford Trucks. Call, write or ring. P.O. Box 1483. Phone: Day, 32-951; night, 30-754. TAPPENDEN MOTORS. LTD.. 39. Beach Road. D 4 CITROEN. 12 h.p., 1935, Sedan £150 CHRYSLER, 1936. Touring Sedan £240 TERRAPLANE, 1936, Touring Sedan £210 SINGER, 1937, 10 h.p., Sedan £285 STANDARD 1939, 8 h.p.. Saloon £290 MORRIS, 1939, 12 h.p £385 AUSTIN, 1938, 15 h.p., Sedan £300 MOTOR EXCHANGE. 25. Rutland Street. 19 • MOTORS (Miscellaneous) CHEVROLET 16-inch Wheels and Caps (2), as new; £4 5/ each.—Ring 16-607. D 4 CYLINDER for Gas Producer, for sale, new; also 3 Gallons Grey Floor Paint.—Ring 45-315. 16 FORD V 8 16-inch Wheels and Caps (2), as new; £3 5/ each.—Ring 16-607. • D 4 ROYAL Enfield. 2 3 ,4. s.v.; excellent tyres and condition; £Co.—Lupton. Robertson Rd., Mangere. xl 6 RUGBY Motor, complete, in running order. What offer? —74. McCullough Ave. Mt. Roskill. 16 SIDE Valve, h.p., recent, tyres and condition good; reasonable. —T. 4913. Star. 18 TYRE, 500. 600 x 18, wanted.—Jones, 6, Bay Rd.. St. Helier's. Phone 50-639. 16 TYRES (2), Tubes. 32 x 6. as new. for Sale. OfTcr wanted. —Mr. Smart, 225, Hobson St. x! 6 TYRES wanted, 600 x 16; good condition. —Stewart, 74. McCullough Av.. oil Duke St.. Mt. Roskill. 16 TYRE, 45C x 17, wanted, new, used or suitable retreading.—McCarthy, 207, Mt. Albert Rd., Owairaka. Phone 18-250. 16 TYRES, Tubes and Wheels (2), 475 x 19; 1, 500 x 19, for sale, offers; will Exchange 400 x 17 to 5 x 50 x 17.—Martin. 48. Wellington St. 16 RADIO APPARATUS FOR SAI,K I'IIILCO Car Radio, good condition; £25. —Ring phone 51-263 (evenings). 17 8-VALVE Phllco Radio, D.C.; fair order. —4, Montague St.. Newton. x! 6 RADIO, MUSICAL, (Miscellaneous) ATLANTA Radios, 33. High St.. for Repairs; we j collect and deliver. —Phone 43-333. 22 ' DOGS. CATS. KIRDS. Etc.. FOR SALE BLACK Spaniel, Female, 2\'z months old.—Phone 62-468. xl 6