Smokers Tried To Be A Jump Ahead

Press, Volume CVI, Issue 31088, 17 June 1966, Page 13

Smokers Tried To Be A Jump Ahead

(Bp Our Grocery Reporter)

Smokers tried to anticipate the Budget by buying up stocks of cigarettes this week, but it seems they need not have bothered; there is no extra tax on cigarettes.

Because of the brisker demand some makers told distributors they were having difficulties in meeting market requirements for some brands of cigarette. Ceylon Tea.—Ceylon tea prices are still low. Many buyers are taking the opportunity to build up stocks. Lower prices could mean cheaper packet teas here. Californian Dates.—Prices for Californian dates are down slightly. These dates have been selling better here, although dates from other countries are cheaper. This is because they are packed and presented better. Pineapple.—Singapore canners are quoting prices for ail varieties of pineapple with shipment soon. This pineapple is becoming popular again. Quality has improved and prices are competitive.

Rice.—Rice prices are still high. Shipments arriving next month at the start of the new licensing period will be dearer. American rice prices are likely to remain high because the subsidy has been reduced. Unrest in South-east Asia and famine in India are also aggravating the position. Brisling.—Prices for Norwegian Brisling will be higher this season because of Increased costs. Brisling, not as popular in New Zealand as slid sardines, are dear here and imports are not large. No new firices have yet been announced or slid. Alphabetical Listing Move (N.Z. Press Association) WELLINGTON, June 16. New Zealand stock exchanges have agreed to replace the present system of listing by categories with alphabetical listing based on the companies registered names. The five individual exchanges are expected to make the change in the near future. The Stock Exchange Association’s executive decided this week to adopt the “registered name” system of listing shares in preference to the Australian practice of using company surnames followed by initials. The New Zealand system will be Alex Harvey and G. J. Coles, not Harvey, Alex and Coles G. J., as in Australia. Better Result For 1.C.1.N.Z. (N.Z. Press Association) WELLINGTON, June 16. Directors of 1.C.1. (N.Z.) report satisfactory consolidated profits for the half-year to March 31 with an improvement over the corresponding period of the previous year. The 100 per cent subsidiary, Fibremakers (N.Z.), is now operating on a profitable basis. Profits of the trading section of 1.C.1.(N.Z.) and of the other subsidiaries either exceed or are in line with expectations. Off The List (N.Z. Press Association) WELLINGTON, June 16. Four companies—Gisborne Gas, Malings, Nelson Fisheries and Regent Theatre (Dunedin) —have been removed from the official Stock Exchange list at their own request, the Stock Exchange Association of New Zealand reported today.