COMMERCIAL

Press, Volume LXXXI, Issue 24743, 7 December 1945, Page 6

COMMERCIAL

STOCK EXCHANGES INCREASED BUSINESS IN WIDE RANGE Markets were more active on the Stock Exchange yesterday, and there was an increased volume of business in a wider range of stocks because of heavier trading in Government loans and industrials. Price movements on the whole were in sellers' -favour.

Sales on 'Change.—Listed stocks: £250 21 per cent. Victory Loan, • 1950-51, £9B 12s 6d; 75 Wool Bonds, 1/2/49. 20s sd; 125 Wool Bonds, 1/2/49, 20s sd; 100 Kaiapoi Woollens (17s paid), 22s 6d; 100 Kaiapoi Woollens (con.) (fully paid), 21s lOd; 100 Westport Coal, 25s 9d. Sales Reported.—Listed stocks: £IOOO New Zealand Government 3 per cent. Stock, 1953-56. £100; £4OO New Zealand Government 4 per cent. Stock, 1964-58, £106; 200 United Building, 24s 6d; 100 Westland Breweries, 31s 6d; 100 Frozen. Products, aOs 3d; 200 New Zealand Newspapers (late sale Wednesday), 465; 300 New Zealand Newspapers, 465; 200 New Zealand Newspapers, 465; 20 Reid N.Z. Rubber, 30s lOd. Sales on 'Change.—Unlisted stocks: 50 Felt and Textiles of N.Z., 40s; 100 Taramakau. 5s 6d. , - Sales Reported.—Unlisted stocks: 50 Felt and Textiles of N.Z., 39s 9d; 50" Felt and Textiles of N.Z., 39s'9d. Latest Quotations

N.Z. Govt. Debentures: 21 per cent. Ins.,. 1/8/46. b. £IOO 12s 6d; 2i per cent. Stock. 1947-49. b. £IOO 2s 6d; 21 per cent. Victory Loan, 1949-50. b. £99; 2J per cent. Stock, 1949-51, b. £9B ss; 2J per cent. Victory .Loan, 1950-51, b. £9B 10s; 2J per cent. War Loan, 1/10/53, b. £97 7s 6d; 4 per cent. Ins., 1946-49, b. £IOO 7s 6d; 4 per cent. Bonds, 1946-49, b. £IOO 7s 6d; Wool Bonds, 1/2/49, b. £1 jOs 4d. Banks: . Comm. of Aust., b. 18s 7d; National of N.Z. (cum div.), s. £2 15s 9d. Loan and Agency: Invincible Bldg., b. £5; National Mortgage "B," b. £1 18s, b. £2; N.Z. Guarantee Corpn., b. >4s 6d; United Bldg., s. £1 4s 9d; Wright, Stephenson (ord.), b. £1 8s 3d. Frozen Meat: Canterbury (pref.), b. £8 8s 6d, s. £8 15s; N.Z. Refrig. (10s paid), b. 14s 9d; Wellington, b. £1 2s. Woollens: Bonds Hosiery, b. £2 10s: Kaiapoi (con.) (fully paid), s, £1 2s Id; Mosgiel, b. £l4 15s; Timaru, b., £1 0s 6d. Coal: Westport, b. £1 5s 6d, s. £1 6s 3d. Gas: Chrlstchurch, b. £1 ss, s. £1 6s 6d; Timaru, s. 18s. Breweries: Ballins (15s paid) (cum div.), b. 18s 6d, s. -19s; Dunedin, b. £1 9s, s. £1 lis 3d; Queensland, b. £1 Bs. Miscellaneous: Aust. Consol. Industries, b. £2 16s 3d. s £2 16s 9d; Aust. Iron and Steel (pref.), b. £1 13s, s. £1 15s; C.F.C.A. (pref.), b. £2 3s 6d; Canterbury Boiler. Flour, b. 15s 9d; Colonial Sugar, b. £57 17s 6d; Dominion Builders, b. 10s; Electro. Zinc (ord.), b. £2 19s, 6. £3 0s 9d; Frozen Products, b. £l, s. £1 Is; Metters (N.Z.). b. £1 2s 3d; Milburn Lime, b. £1 13s 3d, s. £1 15s; Macduffs (pref.), b. £1 7s. s. £1 8s; N.Z. Drug Co. (£1 paid), b. £4 3s 6d; N.Z. Farmers' Co-op. ("B" pref.), b. £3 lis, s. £3 15s; Quill, Morris (1936), b. £1 10s; Silknit. b. £1 9s 6d: N.Z. Malay Rubber, b. 8s; N.Z. Malay Rubber (pref.), b. 18s; Weeks, Ltd., b. £ll Ids; Woolworths (N.Z.) (ord.), b. £1 3s Bd, s. £1 4s Id. Overseas Listing: Woolworths (South. Africa), b. £1.14s 6d. Aust. Mining: Mount Morgan (ord.), s. 9s 2d. N.Z. Mining: Assoc. Gold Dredges (N.Z.), s. 2s lOd; Big River, s. 7d; Golden Sands, s. 2d; Grey River (cum div.), s. 12s; Kanleri, s. £1 3s 6d; Martha, s. 9s 6d;Ngahere (deferred), b. Is W; Slab Hut, b. Is; Snowy River, b. 6s 4d, s. 7s; Waihi Investment, s. 7s 6d. AUCKLAND Sales.--Liberty Loan, 15/9/52-55, 3 per ???o t ;« ( « 00 l' £lo ° 12s 6d : Victory Loan. 15/2/55-58, 3 per cent. (£385), £IOO 17s 6d; ? to ir'«i 5/4 / 60 " 63 - 3 P er ce «t- < £4 6o), £WO ??«t d: &??*' 15/5/59-52, 4 per cent. (£1000), £103; National Savings, 7/11/47 (£100), £92 10s; National Savings, 27/1/47 (£114), £95 10s; Com. Bank of Aust. (300), 18s lOd; J? -Z - ,slf.V rance <ss >- & 0s 6d : Auckland Gas (302), 7s 8d; Northern Steam (con.) (500), 2s 8d; Kaiapoi (pref.) (100), 25s 2d; A.C.I. (300). 56s 6d; Claude- Neon (N.Z.) (50). 425; Colonial Sugar (10), £SB; Fletcher Holdings (300), 33s 9d; N.Z. Newspapers (700), .465; Reid Rubber (200), 30s 9d; Martha Gold (300), 9s 3d.. Unofficial list: Felt and Textiles (N.Z.) (400), 40s. WELLINGTON ,„ Si J. l . es ' —Late Wednesday: Stack, 15/6/4749, 21 per cent. (£2000), £IOO 2s 6d; Stock. 15/4/56-59, 3 per cent. (£2000), £IOO Ss; Westland . Breweries (100), £1 lis 6d; Frozen Products (200), £1 0s 3d; N.Z. Drug (con.) .(50), £4 3s 6d; Big River (2000), 6d. Sal?s yesterday: Stock, 15/9/52-55, 3 p.c. (£500), £IOO 12s 6d; Stock, 15/12/5356, 3 per cent (£1000), £lOl ss; N.Z. Loan and Mercantile (pref.) (£816), £110; Stock, 15/2/49-50, 21 per cent. (£700), £99; Stock, 1/8/51-54, 3 per cent. (£2350), £101; N.Z. Insurance (150), £5 0s 9d; Felt and Textiles of N.Z. (100). £2; Felt and Textiles of New Zealand (150), £2 0s 3d. DUNEDIN Sales on 'Change.—Clutha River (100), 3s 6d; Otago Daily Times (100), £2 14s 3d; Otago Daily Times (100), £2 14s; Felt and Textiles (N.Z.), unlisted (50), £2. Sales Reported.—Martha Gold (late) (300), 9s 3d; Dunedin Brewery (100), £1 10s; Commercial Bank (ord.) (300), 18s lOd; Felt and Textiles (N.Z.), unlisted (50)," £1 19s 9d; Dunedin Brewery (100), £1 10s. CANTERBURY FROZEN . MEAT COMPANY NET PROFIT OF £30,080 The directors of the Canterbury Frozei. Meat - and Dairy Produce Export Company, Ltd., have issued the sixtyfourth annual balance-sheet and profit and loss statement for the year ended November 30 last. The annual meeting of shareholders will be held on Friday December 14.

The net profit for the year, after making provision for depreciation, is £30,080 19s 2d, which, with the amount brought forward from last year, makes the amount at credit of profit and loss account, £53.588 17s Id Out ol this. £15,000 has. been added to the renewals and replacements fund, and after such appropriation there remains a sum of £38,583 17s Id, which the directors propose should be dealt with as follows:

„ . & s. d. To payment, of a dividend of 6 per cent, on the preference shares .. .. 6,000 0 0 To payment of a dividend of. 7 per cent, on the ordinary shares .. .. 7,875 0 0 To carry forward .. .. 24,713 17 1 Total .. .. £38,588 17 1 The directors to retire by rotation are Messrs Herbert Elworthy and George Macdonald. and they, being eligible, offer themselves for re-election. Messrs Stewart, Beckett and Company, the auditors, also offer themselves for re-election. Mr Gordon Fulton, who had been a valued member of the board for 15 years, died during the year. The vacancy was filled by the appointment of Mr George Macdonald.

COMPANY NEWS

Wellington Gas Directors of the Wellington Gas Company, Ltd., announce a 2J per cent, dividend on preference shares.—(P.A.)

POTATO AND ONION PRICES NEW ORDER GAZETTED Changes in potato growers' prices and in retail prices for new potatoes are notified in a price, order recently gazetted. The price order is for December, January, and February. For the North Island and the Nelson district the only changes are that the growers' price for' the first half of December is £l6 a ton instead of £l4. North Island retail prices are unchanged. I For the rest of the South Island the December prices are the same as formerly. Thereafter growers' prices (with retail prices in parenthesis) are:—January. 1 to 15. £3O a ton (5d per lb); January 16 to 31, £25 a ton (4Jd per lb); FebrtiI ary 1 to 14, £2O a ton (4d per lb);February 15 to 28, £ls a ton (3d per lb). Onions The price order covering growers' and retailers' prices for onions is comprehensive. Previous price orders for onions have defined the .monthly' price up to November, 1945. The new order continues the prices up to December, 1946. Except for December and January, when there are reductions in the prices, the retail prices of fair average quality onions are the same as before. Last year no growers' prices were specified for December, the only control being retail prices. This year growers' prices for December are specified in the order. There is a slight change in the growers' price for January, But the remaining monthly prices are the same. The price order defines the price of old season onions (those planted before April, 1945) sold during December, 1945. The maximum retail prices for onions during December, 1945, and January and February, 1946', are as follows:—December 1 to 15 (inclusive): 'fair average quality, per lb, sd; ungraded per lb.. sd: December 16 to 31 (inclusive), 4Jd, 4Jd; January, 1946, 3Jd, 3Jd; February, 1946, 3d, 2Jd. Pickler grade onions are 3Jd per lb for the period. The maximum prices which can be charged by growers for delivery. during December, 1945, and January and February, 1946, are as follows:—December 1 to 15 (inclusive), fair average quality a ton £2B, ungraded a ton £2B; December 16 to 31 (inclusive), £25, £25; January, 1946, £ls, £ls: February, 1946, £l4, £lO. Pickler grade onions are £ls a ton for the period. STOCK SALES ST. ANDREWS "The Press" Special Service „ TTMARU, December 5. The bulk of the yarding of fat cattle at the St. Andrews sale comprised cows, with a few prime heifers. Good quality cattle were keenly sought after, and values for prime sorts appreciated fully 50s a- head on recent sales. Values were: Prime heavy bullocks, £l6 2s 6d to El 7 75.6 d; light to medium, £lO 2s 6d to £l2 16s 7d; prime heifers, £l2 7s 6d to £ls 7s 6d; light to medium, £8 2s 6d to Ell 17s 6d; prime cows, £l2 2s 6d to £l4 7s 6d; light to medium, £5 2s 6d to £8 7s -6d. Fat and store sheep did not come for- i '.vard in quotable numbers. • I