FINANCE & COMMERCE

Dominion, Volume 35, Issue 250, 21 July 1942, Page 2

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:—

Stock exchange Sale? Dealings in stocks and shares recorded on New Zealand Stock Exchanges yester day were as follows, the number of shares in’each lot being shown in tin* case of Wellington :—

AUCKLAND. War Loan, 1/10/53, £9O/12/6; Nat. Bank of N.Z., £l/18/-; Union Bank, £6/17/6; N.Z. Insurance, £3/8/6; WestportStockton. pref., 8/3: Farmers’ Trading, A pref., £l/1/9: M.K. Manufacturers, 5/6; N.Z. Paper Mills, £l/13/6; Woolworths (N.Z.), 14/2. CHRISTCHURCH. War Loan, 2j per cent., 1946, £9B/5/-; luscr. .Stock, 4 per cent., 1954-58. £lO6 10/-; Mt. Eden Borough, 4} per oent., 1963, £109; Ashburton EL Power Bd., 4-} per cent., 1959, £111; Chch. City New Brighton Loan, 4| per cent., 1954. £IOS 15/-; Nat. Bank of Australasia, £lO paid, £11; N.Z. Farmers’ Co-op., A pref., £1 10/-; N.Z. Paper Mills, £l/13/6; Woolworths (N.Z.), 14/3. Unofficial list: N.Z. Oil Concessions (2). £l/15/-. DUNEDIN. Bank of N.Z., £l/18/-. Pukekohe Produce Prices Dominion speuiai Service PUKEKOHE, July 20. Prices for Pukekohe produce have altered but little since last Monday Onions have maintained the rise of 3/- a cwt. they registered in the previous week, continuing to go out at 27/- a cwt. The demand for onions, as well as the other lines, is increasing. Cabbages still sell freely at 5/a chapman bag and cauliflowers at 8/-, swedes at 5/- a siigar-bag and carrots at 9/6, while parsnips now bring 13/-. Pumpkins remain at 22/- a cwt., while some cabbage, cauliflower and lettuce plants still bring 11/6 a thousand, others are demanding 12/-. Some onion plants are going away at 5/6 a thousand, while others continue to bring last week’s value of 6/ a thousand. American Wool Stocks The Secretary of the National Wool growers' Association of America, Mr. Byron Wilson, told a Senate committee that the United States wool supply was so large that neither rationing nor the blend ing of wool with other fibres was neces sarv The United States Government, he said had in stock 325,000.00011) of wnol, and it was continually receiving large imports from Australia and South Africa It was estimated that b.v 1944 there would be a surplus of 873.000, OOOlb. over military and civilian requirements. Mr. Wilson protested that a recent ruling by the War Production Board requiring manufacturers to blend wool with other fibres would destroy the all-wool market A spokesman for the board admitted that the present stock was large, but he pointed out that there was no guarantee thut imports from Australia and Soulli Africa would continue. Average Profit Of Companies According to rlie latest isijjio of tho Commonwiilth Bank’s statistical bulletin, 61(1 companies in Australia, with shareholders’ funds amounting to £431,300.000, made an average profit of 6.(1 per cent. In 1941. In the previous year the average profit of the same companies wits 6.7 per cent.: and shareholders’ funds. £419.700,000. Profits are shown after making provision for taxation. Average profit of 38 companies engaged in mining and primary production was 6.7 per cent In 1911, against 7.4 per cent. In 1940; manufacturing (214 companies). 7.9 per cent. (8.1 per cent.); distribution, wholesale (133 companies), 7.2 per cent. (7.4 per cent.): distribution retail (74 companies). 7.4 per cent. (7.6 per cent.); services (127 companies). 5.8 per cent.; (5.6 per cent.); finance (128 companies), 4.7 per cent. (4.9 tier cent.).

N.Z. GOVERNMENT LOANS. Buyers. Sellers. £ 8. d. A s. d. 2* p.c., 1/8/46 95 0 O — 2j p.c., 15/9/47 — 97 15 0 3 p.c., 15/7/1945 99 0 0 — 3 p.c., 15/9/52-55 .... 98 2 6 ■ ■■ ■ 3 p.c., 1/8/51-54 99 10 O —— 31 p.c., 15/1/56-59 .... 99 12 6 — 31 p.c., 15/9/57-60 .... 99 la 0 3j p.c., 15/1/53-57 .... 101 a 0 4 p.c., 15/2/43-46 101 7 6 —— 4 p.c., 15/4/46-49 .... 103 0 0 — 4 p.c., 15/5/49-52 .... 104 5 0 — 4 p.c.. 15/6/52-55 .... 105 10 0 4 p.c., 31/5/54-58 .... 106 12 6 — 4 p.c., 15/2/43-46 .... 101 7 6 — War Loan, 1953 90 0 0 — MISCELLANEOUS. Bank Australasia ... 8 7 6 — Comm. Bank of Aust. 0 14 3 Ditto, pref c9 7 6 ■ ■ . Nat. Bank of N.Z xl 17 3 — Bank New Zealand ... 1 17 9 — Ditto, D Mort 1 9 6 Bank of Adelaide .... 4 15 0 — Dalgety and Co 6 12 6 Equit. Bldgs., deb. stk 0 19 0 — N.Z. Guarantee Corp 0 2 74 — W.F.C.A., pref 0 5 3 —' Wn. Inv., T. & A. .. 0 5 6 —- Wn. T. & Loan .... — 3 17 6 Wright, Stephenson 0 19 0 — Ditto, pref — 1 1 3 N.Z. Invest., Mort. .. 0 8 9 — Auckland Gas xO 6 4 0 6 7 Wgtn. Gas, ord 1 8 9 — Ditto pref 1 1 6 National Insurance .. 0 18 10 South British 2 17 9 — Gear Meat 0 16 3 — N.Z. Ref., £1 paid .. 1 1 6 0 —• Ditto, 10/- — 9 7 Wgtn. Meat Exp. ... 0 7 3 — I-Iuddart, Parker .... 2 3 3 — Westport Coal — 1 5 ( ) Bonds Hosiery Mills 1 6 9 —— Bruce Woollen 1 3 3 — Kaiapoi 0 19 6 — Oamaru 1 1 9 Prestige, pref 1 - 0 — Timaru 0 17 0 Wellington Woollen 6 18 9 Kauri Timber 1 0 C — N.Z. Breweries 1 10 0 British Tobacco 1 19 3 ~— Broken Hill 1 15 4 1 15 7 Colonial Sugar .... >7 10 0 — D.I.C 0 14 6 —■ Electrolytic Zinc, ord 2 1 0 — Ditto, pref 2 3 0 G. .1. Coles e2 7 6 I.C.I.. pref xl 4 0 —*• Macduffs. ord — u 7 tf Ditto, pref McKenzie’s — 0 18 3 — 2 1 Macky Logan ...... 1 2 b — Nat. Electric 1 3 9 1 4 6 N.Z Drug Co 3 12 6 — R & E. Tin gey. pref 1 2 0 — Sliarland and Co. ... 1 'Taranaki Oilfields .. 1 3 — —- 0 6 t5 Wilsons Cement .... 0 16 8 —— Win. Callie, pref. ... 1 6 — Woohvortljs Ltd —— 0 15 3 Wool u o rt h s (N.Z.) .. 0 It 0 — Wliitconibo A- Tombs 3 14 0 —- Maori Gold — 0 0 7 OVERSEAS LISTINGS Woolworths Holdings (South Africa) ... — I) Lb tt (INOFFICIAL LIST. Frozen Products .... 0 6 0 — Dominion Farmers’ Institute — 4 0 0 J. J Niven 0 10 0 Panama Coal —— 0 5 0 Solfridges < N Z.i. 16/ nd " 7 0 —■• Whakatane Paper Mills 0 r > 8 — c Cum dividend, x E x dividend.

WELLINGTON No. of Sale Price. shares. £ s. d. £200 Inscr. Stock, 2| p.c., IMO 98 5 0 100 Wellington Gas, ord. 19 0

ion So ii th British Insurance 2 18 0 100 N.Z. Farmers’ Fertilizer ‘0 17 0 200 Big River ‘Late sale Friday. »0 0 5