COMMERCE AND FINANCE

Auckland Star, Volume LXXVI, Issue 290, 7 December 1945, Page 3

COMMERCE AND FINANCE

Local Company Shares In Lead

Auckland company shares, particularly industrials, were easily most popular with investors on the local Stock Exchange to-day, when 1000 Northern Steam contributing, 250 Auckland Gas and parcels of Radio Limited, Silknit, Claude Neon and George Court securities were transferred, the first two recording a rise of a penny each, and Claude Neons 6d. George Courts eased 3d. The shortage of Government loans was unrelieved. SALES COMPLETED Rise or At the 3 p.m. call yesterday:— Fall Com. Bank Australia (300) ... £0 18 10 Kaiapoi (pref) (100) 15 2 + 2d A.C.I. (300) 8 16 6 Colonial Sugar (5) 58 0 0 Fletcher Holdings (200) 1 13 9 N.Z. Newspapers (200) 2 t p Reid Rubber (200) ■■■■■ I 10 9 —3d Nat. Savings. 7/11,47 (£100) . 92 10 0 Nat. Savings, 27/1/47, (£114) 95 10 0 $*U/Un-43. 3 p.c. (£460) .. 100 3 « +7/6 15/5/49-52, 4 p.e. (£1000) .. 103 0 0 Unlisted — '■ - - - Felt and Textiles (200) .... 3 0 0 At the 9.45 a.m. call to-day:— Com. Bank Australia (500) .. 18 10 Auckland Gas (250) ......... 7 9 j-ld Northern Steam (cont) (1000) .. 2 9 +ld Colonial Sugar (5) 58 0 0 Radio. Ltd. (100) } » ° Silknit (76) • 1 I" 2 Martha Mines (355) (3) 9 3 At the 11.45 a,m. call to-day:— Claude Neon (125) 22 6 + 6d George Court (100) (2) 2 15 6 —3d S m£*M, 8% P.c. (£500) ... 99 5 0 +5/ LATEST QUOTATIONS Buyers Sellers Com. Bonk ol Australia 18/8 .. 19/1 National Bank of N.Z Bank of New South Wales .... 33/10/0 .. 34/0/0 National Insurance 1/5/6 •• J-' 8 /" N.Z. Insurance 4/19/0 .. 5/1/0 Farmers' Co-op. (£1 paid) .. 18/6 .. .18/9 Auckland Gas '/8 .. 8/0 Northern Steam (cont) 2/9 . • 3/0 Leyland-O'Brien Timber 1/5/0 .. 1/5/6 Kaiapoi (cont) l/l/» •• \{V' Dominion Breweries (ord) 2/17/3 .. 2/17'6 Innes Breweries (ord) 1/19/3 .. N.Z. Breweries 2/6/3 .. 2/7/0 British Tobacco 2/13/3 .. 2/14/0 Broken Hill Pty 2/5/0 .. 2/6/0 Colonial Sugar 57/17/6 .. 58/5/0 Con. Brick and Pipe 9/5 .. iO/l Farmers' Trading 1/8/3 .. 1/8/6 Fletcher Holdings (ord) 1/13/6 .. 1/13/9 George Court 2/15/3 .. 2/15/6 McKenzies 3/3/0 .. 3/6/0 N.Z. Forest Products (ord) ... 6/9 .. 6/6 Radio (1936) 1/2/0 .. 1/3/0 Reid Rubber 1/10/0 .. 1/11/0 Reid Rubber (cont) 13/4 .. 14/9 Sanford (ord) 8/9 .. 9/1 Silknit (N.Z.) 1/10/0 .. 1/11/0 Wilsons Cement 18/6 .. 18/11 Woolworths (N.Z.) 1/3/10 .. 1/4/4 Woolworths (Syd.) 1/3/6 .. 1/3/10 Martha Mine 9/2 .. 9/4 Waihi Investments 6/10 .. 7/3 Mount Lyell 1/5/3 .. 1/6/6 Stock—--15/9/47, 2'/ 2 p.c 99/12/6 .. 99AT/6 15/6/47-49, 2>,i p.C 100/2/6 .. 100/5/0 Wool Bonds, 1/2/49 1/0/4 .. 1/0/6 Liberty Bonds, 15/9/49 1/1/1 .- 1/1/2 Auck. Gas (perp deb stock) .. 87/15/0 .. 88/0/0 SOUTHERN EXCHANGES Wellington, this day.—£3ooo 2>,i p.c. Stock, 15/6/47-49, £IOO 2/6; 10 Bank of N.S.W.. £33 15/; 224 Bartholomew Timber. £1 6/; 100 Wilsons Cemeat, 18/9; 200 N.Z. Farmers' Fertiliser. £1 7/. Reported: £7OO 2'/ 2 p.c. Stock. 15/2/4950 £99; 70 National Mortgage A. £3 12/6; 350 A.C.I, (ex div), £2 16/6; 100 Frozen Products, £1 0/3. Cbra.tcb.urch, this day.—4 p.c. Stock 1946-49. £IOO 7/6; 4 p.c. Stock, 1954-58. £lO6 2/6: Com. Bank of Sydney. £22: National Insurance £1 6/1; Goldsbrough Mort (ex div). £lll/3; Woolworths (N.Z.). £1 4/1. £1 4/2; N.Z.F. Co-op (A nref), £3 15/6. Reported: Colonial Sugar (late yesterday), £SB. Unlisted: Felt and Textiles. £2 0/3. CONSOLS AND STOCKS LONDON, Dec. 6. Government loans are more brisk all ro'ind. Quotations for consols and colonial inscribed stock, with variations, compared with those of last week, are: — Variations £ s d s d Consols, 2\i per cent .... 90 10 0 —8 9 Fund. Loan, 4 p.c, 60-90 112 10 0 —\ i War Loan, 3\b p.c, '52 103 0 0 +3 9 Conver. Loan, 3Vi P.c, '52 108 J 0 +2 6 Victory Bonds, 4 p.c. . 113 1 3 —i J N.Z., 4U p.c, '4B-58 .. 104 5 0 +5 0 N.Z., 3 P.C, '52-55 .... 100 0 0 —7 6 WELLINGTON GAS DIVIDEND The board of the Wellington Gas Co., Ltd., has decided to pay the usual 2 22 per cent dividend on preference shares on December la.

A SUCCESSFUL YEAR TATTERSFIELD'S BONUSES WEEK'S WAGES FOB STAFF "Wartime conditions, with their attendant restrictions, brought many difficulties, and in order to let industry make headway we now look forward to the time when controls end and we are able to conduct our business as we think best," said Mr. J. W. Tattersfield, chairman of Tattersfield, Ltd., at the annual meeting of the company this afternoon. During the war a large part of the company's production was either for the armed forces or for essential civilian needs, and it could be justly proud of its record, he added. The changeover to peacetime production was proceeding smoothly, and as the staff increased it would be possible to regain pre-war standards. Adequate population was essential to maintain local industuies, and given enough people to farm the lands and man the machines New Zealand should have a great future. It was essential for national security that the population should be increased. The company's results in the past year were among the most successful it had ever achieved, said Mr. Tattersfield. Provision had been made for payment of a week's wages as a victory bonus to employees, in appreciation o:: their services in * the strenuous war years, and In announcing this he declared that the men and women who looked after the machines were the deciding factor in any manufacturing concern. Besides the usual 8 per cent dividend, a bonus of 1 per cent was being paid to shareholders. Messrs. A. Howey Walker and F. G. Tattersfield were re-elected to the directorate. AT THE MARTS There was a good demand for strawberries and hothouse tomatoes and peaches at the city markets to-day. Supplies of plums showed an increase. and there was a good demand for quality fruit. Inferior lines met with a fair demand. The demand for gooseberries was good. Cabbages were in very heavy supply, with prices low. Cauliflowers, green peas, beans and carrots were keenly sought after. New season's onions were in heavy supply, selling at lower prices. Lettuce and beetroot were also plentiful. Flowers were in fairly short supply. The demand was good and prices moderate. Esre Prices.—Hen: Standard grade, 1/lH'a per down. Duck: Standard grade. l/8',4. Fruit.—Tomatoes: Hothouse. 9d to 1/11 lb: outdoor, crinkled, 4d and 1/6 lb. Grapefruit: New Zealand. 23/ to 27/ case. Peaches: Dessert, 11/ to 24/ case. Plums: Dessert, coloured, 15/ to 24/ case; cooking, 6/ to 9/; other. 9/ to 12/. Apricots, Thameo, 15/ to 34/ case. Strawberries: Captain Cook, extra choice, 2/9 to 3/6 chip; others and jam, 1/6 to 2/3. Loganberries. 2V to 2/10 chip. Wonderberries, 2/10 to 3/ chip. Gooseberries: 16/ to 19/ case. Pooitrj-.—The supply was very heavy and the demand was keen. The prices paid remained unchanged. Selling rates were:—Cockerels: Heaary breeds, prime 10/ to 12/6 each, not prime 5/ t» 7/: light breeds, prime 6/ to 8/. not prlne V. Fat hens: Heavy breeds. 6/ to 7/; light Dreads, 3/6 to 4/6. Drakes: Young, prime 6/9 to 7/6; smaller 5/, old 2/6. Ducks. Young. 6/9 to 7/6; old, 2/8. Geese, t,'. Turkeys: Hens, 15/; gobblers, 30/. Guinea fowls: 10A Vegetables.—Asparagus, id to 1/ bundle. Beet, 3/ to 6/ case. Broad beans, 2d to 5d lb. Carrots, 29/ cwt. Cauliflowers. 8/ to 24/ sack. Cabbages, 1/ to 5/ sack. Cucumbers, 7/ to 12/ doz. Beans, 1/ to 2/ lb. Green peas. 12/ to 18/ ease. Lettuce, 3/ to 13/ case. Marrows, new season's, 5d to 1/4 each. Onions, new season's, 5/ to 10/ bag; old season's, 39/ cwt. Potatoes. New, .14/6 to 17/9 cwt. Pumpkins, 41/6 cwt. parsnips, 39/ ewt. Radish. 1/ to ',76 doa. Rhubarb, 4/ to 9/ doz. Spinach. 4/ to 8/ case. Spring onions, 1/ to 3/ bundle. Turnips, 3/. to 5/ case. WELLINGTON M€AT PROFIT Net earnings of the Wellington Meat Export Co., Ltd., for the year ended September 30 were £4192, an Increase of £343 over the previous year. With £2035 brought in, the amount available for appropriation is £6227. An unchanged dividend of 7d a share is recommended, requiring £4338, leaving £IBB9 to be carried forward. General revenue for the year at £23,538 is £225 higher,, while taxation at £10,196 compares with £9273 in 1944. Depreciation is £8251, against £9618. The directors state that the lease of the company's works, which expired on September 30, Is in the process of renewal for a long term and they advise shareholders not to dispose of their shares in the meantime. After renewal of the lease, the intrinsic value of the shares and the price at which sales can be made can be Indicated. They anticipate that this price will show a marked increase on the present market quota* tlon. COMMONWEALTH LOANS CANBERRA, Dee. 6. Commonwealth loans had always been a normal investment for the savings banks, said the Prime Minister, Mr. Chifley, commenting on a statement by Mr. Padden that, since 1941. not one loan had been genuinely subscribed to the extent claimed by the Federal Government, because savings bank deposits had been used. Mr. Chifley said Central Bank credit had not been used, nor had trading banks subscriptions been accepted for Commonwealth loans.