COMMERCIAL

Press, Volume LXXVIII, Issue 23809, 1 December 1942, Page 6

COMMERCIAL

STOCK EXCHANGES I PRICES REMAIN FIRM ' The week opened quietly on the Stock Exchange, with reduced turnover. Prices however, remained firm. Sales Reported.—Listed Stocks: 100 British Tobacco, 44s 3d; 500 Snowy River (5s paid), 6s Bd. Quotations were as under;—2i p.c. Ins,, 15/9/47, b. £4B 7s 6d; 3 p.c. Ins., 15/7/45, b. £IOO 10s; 4 p.c. Ins,, 31/5/54-58, b. £106; War Loan, 1953, s. £94 10s; Booth, Macdonald. 5 p.c. 1/6/47, b. £BS; Bank of Australasia, b. £8 15s; Commercial of Australia, b. 15s; National of N.Z., b. 475; New Zealand, b. 39s 6d, s. 40s; South British Insurance, b. 65s 6d, s. 67s 6d; Invincible Building, b. 90s, s. 100s; N.Z. Guarantee Corporation, b. 3s; Shipping Adelaide, s. 365; Huddart Parker, b. 465; Canterbury Frozen Meat, b. £l2 17s 6d; N.Z. Refrig, (£1 paid), b. 245, s. 255; N.Z. Refrig, (10s paid), b. 10s 7d, s. 10s 9d; Kaiapoi (17s paid), b. 19s; Mosgiel, b. £ll ss; Kaitangata, b. 335; Westport, b. 24s 7d. s. 25s 3d; Melbourne Breweries, b. 445; N.Z. Breweries, s. 355; Aust. C.1.. b. 48s 9d; Booth, Macdonald (pref.), b. 6s 9d; British Tobacco, b. 43s 9d, s. 44s 3d; Broken Hill Pty., b. 39s 6d. s. 40s 9d; Donaghy’s Hope, b. 50s 6d; D.1.C., (10s paid), b. 15s 3d; Electro. Zinc (pref.), b. 53s 6d, s. 565; Evans Atlas, b. 24s 3d; Milburn Lime, b. 33s Id; N.Z. Drug, b. 83s; N.Z. Farmers' Co-op., b. 7s 9d; N.Z, Farmers’ Co-op. (Ist pref.), b. 70s; N.Z. Farmers’ Co-op. ('‘A’’ pref.), b. 36s 9d; N.Z. Farmers’ Co-op. ("B" pref.), b. 29s 6d; N.Z. Newspapers, b, 34s 9d; Radio (1936), b, 11s 6d; Reid Rubber, b. 24sSelfridges, b. 17s; Wilson’s Cement, b. 18s, s. 20s; Woolworths (N.Z.), ord., s. 14s 9d; W. R. Carpenter, b. 25s 6d; Woolworths (S. Africa), b. 20s 3d; Mount Morgan, b. 8s lid, s. 9s 6d; Arahura, b. 265; Grey River, s, 14s 6d; Waihi, b. 3s 3d. AUCKLAND Sales.—Commercial Bank of Sydney, £lB 19s; N.Z. Insurance.. 75s 6d; Traders’ Finance (con.), ex div., 3s 7d; A.C.1., 49s (2): Colonial Sugar, £sl 15s; Consolidated Brick, 8s 9d; M.K. Manufacturers, 6s. Unofficial List.—lndustrial Chemicals (6 per cent, pref.), 20s. WELLINGTON Sales.—Liberty Bonds, 18s 3d; Dalgeiy, £7 ss; Westland Breweries, 20s; Felt arid Textiles. 40s 3d; N.Z. Paper Mills, 34s 6d, DUNEDIN Sale.—Bank of N.Z., 39s 9d. Sales Reported.—National Bank of N.Z. (late on Friday). 47s 3d; 4 p.c. Stock. 1949-52, 4 p.c.. £lO4 15s. CUSTOMS RETURNS BIG INCREASE IN AVAR EXPENSES REVENUE The notable feature of the customs returns at Christchurch for the month of November is the greatly increased amount collected on account of the War Expenses Account compared with the preceding November. The amount more than doubled—from £52,407 to £134,983. For the eight months of the financial year the increase was £399,441 to £889,566. Customs revenue for the two months and also for the eight months, showed a substantial decline. November returns are;— 1941 1942 £ £ Customs .. .. 77,375 58,918 Beer .. .. 15,031 21,434 Sales tax .. .. 46,731 44,187 War Expenses Acct. .. 52,407 134,983 Eight Months Details for the eight months arc:— 1941-42 1942-43 £ £ Customs .. .. 615,136 481,418 Beer .. .. 132,493 137,943 Sales lax .. .. 349,767 355,703 War Expenses Acct. .. 399,441 889.5C6 AUCKLAND Revenue collected from all sources by the Customs Department in Auckland during November totalled £583,345, compared with £508,853 in November last year. The totals for the first 11 months of this year and of last year arc £5,823,040 and £5,216,007 respectively. Figures for the month, with November, 1941, in parenthesis, are;— Customs, £168,327 (£240,926); beer excise, £30,747 (£30,340); sales tax, £108,218 (£110,2921; war expenses account, £276,053 (£127,295). WELLINGTON Customs revenue collected in Wellington last month, with the figures for the previous November in parenthesis, is;— Customs, £194,571 (£258,395); sales tax, £92,508 (£97,229); beer excise, £14,348 (£8156); war tax, £344,427 (£125,154). DUNEDIN Customs revenue for November is as follows, the figures for November of last year being given in parenthesis:—Customs, £32,340 (£42,445); beer duty, £36,157 (£40,895); sales tax, £34,207 (£33.271); war expenses account, £116,960 (£43,673).