COMMERCIAL

Press, Volume LXXXII, Issue 24813, 1 March 1946, Page 6

COMMERCIAL

STOCK EXCHANGES MODERATE TURNOVER YESTERDAY There was a moderate turnover on the Stock Exchange yesterday, and business was weH spread, with the bulk of the transactions in Government loans and industrials; markets generally were firm at late rates. Transactions were as follows: Sales on ’Change.—Listed stocks: 2a Canterbury Frozen Meat (ord.), £l5 12s 6d; 100 North Canterbury Frozen Meat (pref.), 245; 200 Booth. Macdonald tpref.), Ils.

Sales Reported.—Listed stocks: £2OO i New Zealand Government 2J per cent, j Stock, 1947, £lOO 7s 6d; £lOOO 2J per j cent. War Loan, 1953, £9B 10s; £195 Wool ! Bonds. 1/2/49, 21s; 25 Commercial Bank . of Australia (pref.), £11; £l5O New Zealand Loan and Mercantile (ord. stock), £81; 125 Christchurch Gas (fully paid), 25s 6d; 100 Beath and Co. (ord.), 40s; 100 Electro. Zinc (ord.), 62s 6d; 25 New Zealand Drug Co. (new), (fully paid), £5 9s; 100 New Zealand Farmers’ Co-op. i “A” pref.), 80s; 146 New Zealand Paper Mills, 41s 6d; 300 Wilson’s Cement, ISs 6d; 100 Mount Lyell. 25s 3d. Latest Transactions N.Z. Govt. Debentures: 2j per cent. J 947, b £lo ° ss: 2J per cent. Ins., 1948, b. £99 15s; 2J per cent. War Loan, 1953. b £9B ss, s. £9B 10s; 3 per cent. Ins., 1951-54, b. £99 15s; 3 per cent. Victory Loan, 1955-58. b. £99 12s 6d; 4 per cent. Ins., 1949-52. b. £lO3 12s 6d; 4 per cent. Ins., 1952-55, b. £lO5 15s; 4 per cent. Ins., 1954-58, b. £107; Wool Bonds. 1/2/49, b. £1 Is. Banks: Comm, of Aust, (pref.), b. £ll. Insurance: National, b. £1 7s 10d, s. £1 Bs. Loan and Agency: Chch. Bldg., b. £2l 12s 6d: Nat. 2®°rt J' A -” b - £3 14s 6d - Nat. Mort., B b. £2 Is. Shipping: Union (pref.), b. £1 12s 9d. Frozen Meat: Canterbury, £l5 10s. s. £l5 15s; Gear, b. £1 8s; N.Z. Refrig. (£1 paid), b. £1 12s, s. £1 13s; North Canty. Freezing (pref.), b. £1 4s. Woollens: Manawatu. b. £2 Ils. Coal: Westport. s. £1 7s. Breweries: Westiand, b. £1 15s 9d. Miscellaneous: Beath “\" d ,S° L b „, £2 ’ s £2 1E: Booth. Maedonald. b. £1 9s; British Tobacco (cum div.), b £2 13s 9d, s. £2 14s 9d: C.F.C.A n £ k te^d: C : FCA - (pref.), b. £2 9s; Oonaghy Rope, b. £3 Us 9d: G. J. Coles, s. £4 Is sd: Gordon and Gotch. b. £4 0! : Hdl " e pipe ’ b - £I Zs 6d : LC.I.. Aust. AK ef ) - b ' £1 7s: Mason, Struthers (£1 paid), b. 19s 9d; Macduffs (pref.) (cum div.), s. £1 8s 6d: NZ C °-°P <lst pref.), b. £3 12s 6d; F S rn s™ c j?" op ; <4J per cent stock, 1950). b. £lOO 10s: N.Z. Farmers’ Co-op. '*l per cent Stock. 1955), b. £lOO 10s; h 2 it P m er «5 IJ l s ’,/- £2 2s: Qum ’ Morris. lOs - 6d: Selfridges, b. £1 Us; Uni£l Os M: Wilson’s e? d ’ s ’ 19s 7d ’ Woolworths ’Sydney) (ord.), s. £1 6s Id; Wooi'N Z ’ ) ’ £1 5S Sd: Woolworths Properties, b. £1 lOs 9d. Overseas Listing: Woolworths (S. Africa), b. £2. Aust Broken Hill South, b. £1 12s’ Mining: Grey River, b. Hs 3d. Kamen, b. £1 3s 3d.

_ , AUCKLAND Sales.—Victory Loan, 15/4/50-51. 2i ner £M 12s 6d: Alberts' Loam 6d- A per S ent < £l *»>. £lo ° 2?’ Bank of New Zealand Stock 15/11/57S'£34so). £lOO 7s 6d; Ins. IO K /53 -??’. 3i per cent '£2so). £lO3. £., S., and A. Bank (50). £5- NZ Insurance (100), £5 6s; Loan end Meria- t l^vS? , rt ) ’r>y i - : Northe rn Steam (300). 12s, Leyland O Brien (400). 25s 6d; Tooths M2s’r e in eS 7rt I °w ) ’ SBs: Cons °Hdated Brick L d; , J armers ' Trading (200), 31s; 5J ? Holdings (100). 35s Sd; Morris 2?’ ‘■3°s’ £ 6s 6d: N.Z. Newspapers '3ao). 475: N.Z Paper Mills (146). 41s 6d; Goto 1% ISte 6d: Emp "° r

WELLINGTON hales. Late Wednesday: Ins. Stock 21 15/9/47 '£2oo) £lOO 7sTed; 'ins £l(S%c RH P T r 15/11/57-60 (£1905), -?5™ s £? ckl 3 per cent 15/4/56?4on»‘ € ?S ) «H 4ei £ O ii 1 « 2s O’Brien Breweries (200). 235. 7 r “ a y ’ Government 21 per cent Steck, 15/6/47-49 (£570), £99 12s 6d’ 3 12V nt ,/,^ k ’e l <i /2/55 - 58 < £ » IZS 6d (£250) £99 12s 6d- 3 per cent (■£°ass) / £ o 665) £lo ° 7s 6d - (fnnNi 3 per cent - stock 7s ud; 21 per cent. Stock, 15/?/« S lOO 7s 6d: Liberty Bonds, /^«^ 70 l:, £1 ls "1 Wool Bonds. <sO) 49 p'> m 1 I s ld: Morris Hedstrom S’?/ 2 :, I ™. Consolidated Brick (200). !- cl' 10 ? 7d: Macduffs. Ltd. (500). 17s cd (two sales).

_ , T DUNEDIN (£4onf‘“S l i%» S J OCI S; J 3 per cent - 1957-60 7s 6d: Commercial Bank 200?' , 15? > 9d- NM7 3 n NZ : Refri « <cont., r-Xel’J 5 ? d ,’ ~ Z ; Breweries 1100 ) 49s 9d‘, Commercial Bank (100). 20s 3d Reported.—lns. Stock. 2i per cent 949^£ 32 w‘ooT ß o“ds iy - 9 '£110). 20s lid: N.Z. Loan and Mercantile Stock (£150). £81; ToSth and 68s: Macduffs, l td. (ord., SS t and Glendining (300, 6d: 7ns - Stock, 3 per cent.. 1946-48 (£200), £101; Farmers’ Trading ( J2°L KP N Z Dru * < new - Electro. Zinc (oid.. 100), 62s 6d; Mount Lyell (100), 25s 3d

CUSTOMS RETURNS

CHRISTCHURCH FIGURES revenue collected in Christchurch for February, 1946. and for the 11 months to the end of February 1946 “L most ma jor items’, when la-TPyear corres P cn ding period ♦.The, figures for February, 1946, with those for February of last year in parenthesis were: —customs duties. £7B 603 (£52,598); beer duty, £27,947 (£19.847); petrol. £21,053 (£15,507) (Main Highways revenue); sales tax, £31,563 (£24,436)light dues, £609 (£500); export levies £1 531 (£345); export levies (hides), £1903 (£840); war expenses ac--120-279 < £ 91.191); miscellaneous, £«0 (£20); totals. £283.558 (£205.284) •> n F wic es it months to February 28, 1946, with those for the corresponding period to February 28. 1945, were:—customs duties, £795.492 (£697,973); beer duty. £291,726 (£258,977); petrol, £206,624 (£157.670) (Main Highways revenue); tyres, £2 (£29) (Main Highways revenue); sales tax. £570.549 (£495,925); light dues, £5847 (£4493); export levies (wool) £5206 (£1786); export levies • hides), £7250 (£3936); war expenses account £1.740,467 (£1.530,914); miscellaneous, £3075 (£2181); totals, £3.626,238 (£3,153.884). AUCKLAND Increases in aU major items are shown in the February customs returns in comparison with those of February last year. The total revenue was £703,776. compared with £628,511 in the previous February. Figures for February with those for February, 1945, in parenthesis are: customs, £280,060 (£256,132): motor spirit. £62.809 (£51.949); excise on beer. £42,938 : (£34.666); sales tax. £74,809 (£65,614); ! war expenses account. £243.158 (£220.140) WELLINGTON Increases under all headings are shown i in the customs returns for the port of Wellington fcr February, compared with figures for the corresponding month of '•ast year. The net customs return was £63.230 higher at £278.771, while sales tax at £67,416 was £11.958 higher. Beer excise yielded £21,232. an increase of £4410 and war tax under its three headings amounted to £298.823. or £38,387 more than for February, 1945. Details are: net customs. £278,771; sales tax. £67.416; beer excise, £21,232; petrol duty, £24.471; tyres £770; war taxation, net customs £117.743; sales tax, £164,990; beer excise. £16.090. DUNEDIN Following are the customs returns for Dunedin for February, with figures for last February in parenthesis:—customs. (£28.4 10 ); beer duty. £39,626 (£38.892); sales tax, £19,990 (£15,979); war expenses account. £90,899 (£82,406): t 3 *' £543 petrol tax, £10,132

CANNED PEAS AND BEANS

WHOLESALE AND RETAIL PRICES FIXED

Maximum wholesale and retail prices for canned fresh green peas and beans are fixed in price orders recently gazetted and are now effective throughout the Dominion.

The ceiling retail price which may be charged for canned fresh green peas in lloz containers is 10jd. and for 16oz containers Is. The price for 21 and 220 z containers o a eked by three of the ranning firms is Is sd. and for the same sized cans packed by another firm ft is Is 4d For 30oz containers the price is Is 9d. and :alf-gallon containers are 3s. Provision is made for retailers’ transport costs, the maximum addition allowed being jd for 11 .nd 16oz cans, and Id for 22 30oz cans. The maximum retail prices for canned fresh green beans are:—lloz containers packed by three canning firms lOjd. and packed by another firm 10d; 16oz containers. Is. 21 and 22cz containers Is 4jd. half-gallon containers 3s and one gallon containers ss. Additions for transport costs are allowed on the same basis'as for peas.

SYDENHAM MONEY CLUB

Mr H. B. Duckworth, chairman of directors. presided at the annual meeting of shareholders of the Sydenham Money

Club. In moving the adoption of the report and accounts the chairman said that the club had experienced a satisfactory year and in all departments the club’s business showed steady progress. Cash receipts during the year were £86,085 and payments were £78,534. Subscriptions and loan repayments amounted to £67.875, withdrawals were £28,648, while the total assets now amounted to £165,475 During the year £47,725 was advanced on mortgage securities. It was resolved that the balance standing to the credit of the profit and loss appropriation account be utilised in maintaining the dividend of 32 per cent, plus a “victory bonus” of 1 per cent. The sum of £lOOO Will be added to the reserve fund, £2OO to the dividend equalisation account and the balance will be carried forward. The following officers were re-elected : directors, Messrs H. B. Duckworth (chair-

man), O. Jaccbsen (vice-chairman), F J Jacobsen. P. W. Miller. T. H. Munro, and D. V. Wilson; auditors. Messrs E. R. Caygill and R de G. Robilliard.

STOCK SALES

ST. ANDREWS ■“The Press Special Service TIMARU, February 28. The yarding of approximately 35 head of fat cattle at the St Andrews sale was made up of average to prime sorts. Competition was steady to keen throughout, and values were firm. The penning of fat and store sheep elicited steady competition, although at times the sales in the store pens were hard to complete Prices were: prime heavy steers, £l5 17s 6d to £lB 12s 6d: light to medium. £9 2s 6d to £l3 2s 6d; prime heifers. £l3 2s 6d to £l5 12s 6d: light to medium, £7 7s 6d to £ll 17s 6d; prime heavy cows. £l2 2s 6d to £l5 I2s 6d; light to medium. £6 7s 6d to £9 7s 6d. Fat sheep.—Prime heavy ewes. 20s to 22s 7d; freezing ewes. 16s 4d to 20s lOd; □rime lambs, 20s lOd to 24s lOd. Store sheep: medium Romney cross two-tooths, to 31s 9d; medium Romney cross ewe lambs. 22s 9d to 25s 8d; six and eighttooth ewes, to 23s 9d; medium wether lambs, to 17s 9d.