FINANCE & COMMERCE

Dominion, Volume 35, Issue 248, 17 July 1942, Page 6

FINANCE & COMMERCE

■ Stock Exchange Sales Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterday were follows, the number ot shares in each lot being shown in the case of Wellington:—

AUCKLAND. N.Z. Insurance, £3/8/6; South British Insurance (2), £2/18/-; British Tobacco, £2; U oolwdrths <N.Z.), 14/2, 14/3. DUNEDIN. Nat. Bank of Australasia, £lO paid, £11; Bank of N.Z. (2), £l/18/-; Kaiapol Woollen, ord., £ 1/0/1A; Wilsons Cement, 10/9; NoKomai Gold, sd. Australian Profits Limitation (By 'Telegraph.—Press Assn. —Copyright.) CANBERRA, July 15. Businesses operating on a capital of £25,000 or less will be exempted from the 4 per cent, limitation on prohts which is expected to be introduced in August. Treasury ollieials emphasize that capital includes reserves. London Metal Quotations Latest London metal quotations are:— Tin, standard, spot, buyer £2Ol, seller £261/15/. (mean price rise 47/6); tin, standard, 3 months, buyer £263/15/-, seller £264 (mean price rise 30/-) per ton. Silver, standard, spot, 1/11 3-8 (unchanged); standard, forward, 1/11 3-8 (unchanged); hue, spot, 2/1} (unchanged); tine, forward, 2/1} (unchanged). lu New York ou July 5, tin, standard, was quoted at 52.87 cents per lb. (unchanged). N.Z. Co-op. Pig Marketing Assn. Year The report of the New Zealand Cooperative Pig Marketing Association for the year ended May 31 says it seems certain that last year’s f.o.b. rates will not be reduced, while in regard to quantities pig-raisers may safely budget for the greatest production possible with the labour and other resources at their disposal. The general outlook is considered to be favourable. With few exceptions the “at gate" payments were equal to those secured in the previous season. Reference is made in the report to the acquisition of the undertaking formerly known as the Nikau Bacon Company, also to the transfer of the company’s beadquarters to Auckland. The combined turnover of the company’s three bacon factory subsidiaries amounted to £344.000. A feature of the year’s operations was that over 85 per cent, of the total pig collections were received ou consignment. Collections of bobby calves totalled 311,374, compared with 328,000 in the previous year. The accounts show purchases oi’ bobby ealves and cull cattle at £259,255. Payment for pigs totalled £272,905, and ■there was a surplus available for distribution to suppliers of £23,008. The balancesheet shows paid capital at £14.674. Sundry creditors, including bank overdraft, £33,278, and- total assets £07,737.

WELLINGTON. No ot Sale price £ 8. d. 2,» Bank of Australasia .... 8 10 0 30 I inion Biink ........... ♦6 17 6 ditto 0 17 6 300 N.Z. Guarantee Corp *0 2 It 100 N.Z. Kenig., £1 paid .. 1 2 0 |< n ii rj Ti in her ♦1 1 0 1B0 ♦2 0 0 100 N.Z. farmers’ Fertilizer . 0 17 0 300 Wuoiwortns (Syd.) •0 15 w •Lute sale Iteunesday.