SHARE PRICES LOWER IN LONDON.

Evening Post, Volume CXXXIII, Issue 89, 16 April 1942, Page 7

SHARE PRICES LOWER IN LONDON.

VALUE' OF SCRAP RUBBER. The British, Ministry of Supply controlling the collection1 of scrap rubber, fixing prices, and licensing dealers, fixed the ' following prices. Waste rubber dealers will be licensed :— Motor and giant covers: Dealer yon site, £1 a ton;-'merchant, for delivery at depot, £2 2s 6d; reclaimer, £3 2s 6d. Red motor tubes: Dealer, l&d a lb; merchant, l%d; reclaimer, 2%d. Black motor tubes: Dealer %d per lb; merchant, l%d ; reclaimer, 2d. Miscellaneous rubber: Dealer, £1 a ton; merchant, £2 10s; reclaimer, £3 10s. F. W. WOOLWORTH PROFITS. F. W. Woolworth and Co.. chain stores, London, reported net profit £6,404,759 for 1941, against £7,958,159 for 1940—a record Taxation took £3,557,205, against £4,310,910. Ordinary dividend was held at 50 per cent, by I payment of a 30 per cent, final. The cash bonus was reduced from 15 to 5 per cent. The carry forward was £7,057,794, against £6,789,741 last year. The company's trading was severely restricted as the Board of Trade's grip on essential supplies tightened. The total turnover for 1941 was considerably below that of 1940, when the company still had the advantage of the substantial stocks built up In previous years. . DIVIDENDS ANNOUNCED. Mosgiel Woollen Factory Co., Ltd., will pay an interim dividend of 4 per cent, on paid-up capital for the half-year ended April 6, payable on May 14. Christchurch Building and Land Society will pay interest on "A" capital shares at the rate of V/ 2 [er cent, for the half-year ended March 31. payable May .1. ONIONS FOR EXPORT. Completion of the Canterbury onion harvest is now in sight. The crop Is a big one, and the onions themselves are bigger than in most years. Onions are now selling at around £ 7 a ton, and in the last few days a fair share of the bags have been bought for export to Australia. The export of onions Is welcomed this year, because the bigger onions are not always the best keepers, and those which go to Australia are sold for immediate consumption. FREEZING WORKS OUTPUT. Official figures for killings at the Dominion's freezing works from October 1 to March 28 issued by the Meat Board, show that lamb killings to that date totalled 8.363,257 ccs., a decrease of 159,729 ccs. compared with killings to March 29 last season. Wether mutton killings were 613,308 ccs., and ewe mutton killings 1,513,915 ccsi, compared with 490,772 and 1,279,521 ccs. respectively last season. Frozen beef, 205,758 qrs., compared with 279,859 qrs. last season. Porker killings, 117,887 ccs., an increase of 35,671; baconers. 197,889 ccs., a decrease of 67,147. . : ECONOMISING BANK STAFFS. English experience of man-power economies effected by the closing down of bank branches has been rather disappointing, according to the remarks of the bank chairmen at recent annual meetings. All the banks have been endevouring to economise in the services of their staffs, but the volume of work is exceptionally large. "Our experience in pre-war days when we have amalgamated two of our branches in the same town has been somewhat disappointing." said the chairman of Lloyd'a Bank. "The hoped-for economy In staff has frequently been found In actual practice illusory. The combined business required a number of staff not far short of the total of the two separate hranrhps."

!By Telegraph-r-Press Association—Copyright-* LONDON, April 14. On the Stock Exchange today prices of corloratlon debentures and stocks compared with jrevious quotations as follows: — - Mar. 31 Apl. 14. £ s. d. £ s. d. 3a!gety and Co., 4 p.c. 72 10 0 71 10 0 Jalgety and Co., shares 2 15 0 2 7 6 British Tobacco .... 1.0 0 1 00 joldsbrough Mort .... 0 12 6 0 12 6 ». and O. Defd 1 7 4% 1 7 10% OOW JONES SHARE AVERAGES. (By Telegraph—Pres,, Association—Copyright.) :Reo. 8.30 a.m.) NEW YORK, April 15. Dow Jones (1926 equals 100) :— 20 30 Shares Rails. Indus. sold. iprll 2 25.17 100.89 372,000 i-prll 0 25.06 99,69 351,000 iprll 13 25.06 99.44 238.000 ipril 15- 24.34 97.89 337.000 'Industrials, 1941: High, 133.59; low. 106.34. LONDON SHARE AVERAGES. IBy Telegraph—Press Association—Copyright.) (Rec. 8.30 a.m.) jLONDON, April 15. "Iflnanciai Times" Indices (1926 equals 100) :— Goyt. Home Indus- Goldsec's. rails/ trials, mines. iprll 1 113.5 56.2 96.9 153.0 ipril 9. 113.6 56.0 97.1 152.5 ipril 14 113 6 55.9 97.0 151.1 iprll 15 113.7 55.9 97.3 150.9 Industrials, 1941: High, 105.9; low, 83.0.