FINANCE & COMMERCE

Dominion, Volume 36, Issue 3, 29 September 1942, Page 2

FINANCE & COMMERCE

Pukekohe Produce Prices

Dominion Special Service.

PUKEKOHE, September 28. The price of new potatoes on rail, Pukekohe, is £2/5/9 a cwt. Cauliflowers continue to rise in price, the. value today being 19/- a Chapman bag compared with 18/- a week ago. Drumhead and savoy cabbages are quoted at 15/- a Chapman bag, which is a rise of l/- .on last Monday’s price. Spring cabbages are also up 1/-. Carrots and parsnips are Btlll at 21/a cwt., which Is the celling price, while swedes have again fallen In value, the price now being 10/- a cwt., which compares with 11/- last week and the ma?l: mum of 12/- a fortnight ago. Cabbage plants remain at 14/- a thousand on rail,. Pukekohe. Onion: plants are being sent away at 9/- a -thousand, which is a drop of 6d. since last Monday, and tomato plants are at 5/6 a tray or 50. Stock Exchange Closed, The Wellington Stock Exchange was closed yesterday. Dominion Day. Hume Pipe Profits Hume Pipe (Aust.), Ltd., profits for year ended June 30 were £22,549, against £31,163 last year; Taxation provision Increased from £17,500 to £29,000. Ordinary dividend reduced from 4 to -i P er cent. Gold Mining The Associated Gold Dredges of N.Z., Ltd., return for the week ended September 26 was 140 ounces from 30,500 yards.Milburn Lime Year A net profit of £8599, compared with £15,405 last year and £IWI ln shown in the accounts of the M/'bura Lime and Cement Co., Ltd., Dunedin, for the year ended .July 31. A final dividend Is recommended of 1 2-3 per cent. 5 per cent, for the year, against 7j per cent, last year. The total dividend, takes £9999, compared with £15,000 last year, leaving £562 to be carried forward, against £1963 brought in. Claude Neon Industries Because of rental contract adjustments consequent upon lighting restrictions, accounts of Claude Neon Industries and its subsidiaries for. the year to June 30 wIH disclose aggregate losses of £ 1b,711. Ihis announcement was made by Mr. W, A. Ince, chairman, who eaid that the losses had been made despite substantial aggregate profits fro;n the subsidiary companies lor the half-year to December 31. The customary interim dividend of o per cent, was not paid In -March; and no dividend will now be paid. Profit of the company aud Its subsidiaries last year was £40,597, and dividend was IQ per cent. Stock And Share Indices (By Telegraph.—Press Assn,—Copyright.) LONDON, September 26. “Financial Times” stock and share Indices, with previous quotations, are (October 15, 1Q26, equals 100), Govt. Home. Indus- Gold-:

Dow Jones Averages <By Telegraph.—Press Assn.—Copyright.) NEW YORK, September 27. Dow Jones averages (1926 equals 100) and turnover on the Nts-tv York Stock Exchange compare as follows:-— 20 Rail- 32 . Shares roads. Industrials, sold.

Auckland Farmers’ Freezing Go.

As a result of, increased expenses ot operation,?>the profit of £15,501 was £5667 less than in the previous year, stated Mr. W E. Hale, chairman of directors, at the annual meeting of the Auckland Farmers’ Freezing Co., Ltd. The directors recommended a dividend of 31 per cent., to absorb £15,142, and leaving £4866 to be carried forward. The dividend was 6 per cent, in - previous years. New items appearing on the balance-sheet were a 11abilttv reading “Government emergency builiWiigs and plant loan account,” £184,016, and an asset termed “emergency buildings and plant erected under urrange-

ment with the Government,” £206,842. The loan account had since been IricreßSed to agree with the latter figure, lhese items represented the position Of ac s. ounts ”5 completion of emergency buildings ana plant. Kaiapoi Woollen Co. . “We again are able to P !ace before you accounts which disclose a surplus, but the amount that it hue been found necessary to reserve for taxatlon > 8 enormous,” stated Mr. J. H. Rhodes, acting-chairman, at the annual in Christchurch of the Kaiapoi Woollen Manufacturing Company. . "GtoBs profit has Increased by £3OW, the company's cash position is not ; as fluid as it was lust year, he-continued, but when it is noted that taxation paid was £62,940 and stocks at July 19, 194., were £45,453 higher, this la not snrpr sing On tlisi niiostion of stocks, the totfil iikuro iu« velvet? under this heading is £240 against £195.233 the previous year. The greater proportion of. the stock Is represented in raw materials and not manufactured items, manufactured Stocks not comprising much more than 2o per cent, of the total. These stocks are well bought and should serve the company in good stead in the near future, and will be required whether the war continues or not.'

sec’s. Mils trials. mines 10+1 (high) 1611 (low) 114.0 112.0 54.3 41.5 195.9 83.0 153.3 160.4 Sept 21 .. ■ • 114.1 59.9 106.8 145.5 Sept. 22 .... Sept. 23 .... 114.1 59.8 106.0 146.7 114.1. 59.9 100.9 147.2 Sept. 24 ... • 114.2 60.0 107.5 148.5 Sept. 25 .... 114.2 60.1 108.0 149.4

19-11 (high) .... 30.88 133.50 - 1941 (low) 24.45 109.27 ■M Sept. Sept, 22 4 • 20.75 107.27 820,000 701,000 • 27.98 10S.27 Sept, Sept. 24 •••••••• 27.41 109.11 851,000 27.52 109.37 (180,000 Sept 2(1 27.28 109.32 227,000