COMMERCIAL

Evening Post, Volume CXXXVI, Issue 5, 6 July 1943, Page 3

COMMERCIAL

SHARE MARKET

Sales made first call today: £500 4 per cent. 'Inscribed Stock,. 15/4/1949-32,.. £104 ss; 100 Woolworths, Ltd., 10s Gd. Sales made after going to press yesterday: £500 S per cent. Inscribed Stock, 15/5/1953-56, £93: 100 Bank of New Zealand "D" Long Term, £1 11a 3d; 100 National Bank of»New Zoalandt. £2 9a Od; 35T N.Z. Refrigerating £1 53 9d; 450 Westport Coal, £1 5a,; 100 MeKcnzle's Dept. Stores, £2.55: 10,0 Bank of New Zealand, £2 2a Id; 100 British Tobacco, £2 7a 3d. ■ - : • •Cum dlv. tEs dlr. P.A. AUCKLAND, This Day. Sales (morning fall) : Commercial Bank ,of Australia, 17s: Liberty Loan, 3 ' per ,&mU (1952-55). £98 7s 6d. Noon call: Bank of New Zealand, 425; mw» ton Kins (pref.), 19s; Reid Rubber, 27a Sd, CHUISTCHURCH, This Day. Sales: Bank of New Zealand. 42s Id; New Zealand Refrigerating (10s paid). Us lid. . Sale reported: British Tobaeoo. 475-3 d.; DUNEDIX, This; Day. Sales reported: N.Z. Government 3 'per cent. Stock (1953-56), £98; British Tobacco, •«» 3d; Bank of New Zealand, 425. LONDON SHARE INDICES. (By Telegraph—Press Association—Copyrlsat.l LONDON, July,,. 5. "Financial Times" stocks an<L share Indices, with previous quotations, aro (October 15/1928, equals 100):— . Govt. Home Indus- Goldsees, rails, trials, mine*. July 1 112.6 68.2 123.3 161.5 July 2 412.0 68.4 : 123.4 ..161.1 July 3 ....... .112.7 65.4 , 123.4 1614 DOW JONES AVERAGES. {By Telegraph—Press Association—Copyright.) NEW YORK, Julyi«, . Dow Jones averages (1926 equals \100).:— 20 Rail- S2 Indus- Share* roads. -trials. sold. July 1 .... 36,72 143.58 1,153,«0fl July 2 36.51 143.68' 8ft3»00« July, 3 .... 36.50 113.70 OOVflOf ICE-CREAM INDUSTRY. . ' Ice-cream manufacturing not. bavins beeß declared an essenUal industry, ilr, B. "6. Ralncr, chairman, Tetera Ice Cream v (N.Z.), Ltd., said ho found it difficult to ■.■ forecast prospects. The report and balance-aheel were adopted by shareholders, and a dividend of 6 per cent, was approved.- Business-?.trM reported as satisfactory, but shortage ■■ t0 labour and materials was experienced. AUST. CONSOL. INDUSTRIES. - Mr. E N. Grlmwade, chairman of Au6traliat Consolidated Industries. Ltd., Melbourne, te» minded shareholders at the annual, meeting thai increased production costs and reduced selling prices had brought about a fall In profit and hi the ordinary dividend. '■ Selling prices jjo» were lower than they had been for the last 21 years. Improved technique had enabled thi company to absorb the eubstantlallncreaaes-ll production costs without raising selling price* but the limit had beon reached, and the com* pany could carry no longer the excesslTO ~x\M in production costs without financial result* being seriously affected, The net profit of th« company for the year ended May- 31 waft £325,663, agaiust £363,531 foi; 14 months t« I May 31, 1942. Ordinary dividend was reduced from 7*4 per cent, to C?i per cent.,.and with the 9 per cent, preference dividend, ' tooS £318.571, leaving £83,869 to carry .forward, compared with £76,777 brought forward.

"Rydges Year Bopk" for 1943 contains a digest of the public companies of Australia, and Xew Zealand as listed on the Stock Exchanges. Information is corrected to January 1, 1943, with a few exceptions. Tin,' gold, and oil companies aro not Included. In addition to companies listed rates of taxes, estate-duties, Stock Exchange rates of commission, life assurance, and other information are also plainly set out. ' '

Buyln« and selling quotations at first call of the Wellington'Stock Exchange today wer« as under:— Buyers. Sellers. . £ s. d. £ 8. d, Govt. Loans— ■ 2%--p.c. 15/9/47 ...... — 98 5-• 3 p.c. 15/9/46-48 08 5 0 — 3 p.c. 13/5/53-36 .... — 98 2 « 3%. p.c. 15/1/5K-M .. — W* • ® 3*6 P.c, 15/1/33-37 .. — 104 2 S 4 p.c.; 15/2/43-46 101,10 0 — 4 p.c, 15/4/16-49 102 10 0 — 4 p.c, 15/5/49-52 .... 104 0 0 — 4 p.C, 15/6/52 5> .... 105 7 b — . 4 p.c, 31/5/54^58 .... 106 15 0 — War Loan, 1/10/53 Un'terest. 2 ls p".c , cum- „ mences 1/10/43) .... — 94>o » Liberty Bonds, 115/9/49 0 19 0- — Other Shares— Bank A'as.a 9 50 n -~ Comm. BaDk —• 0 U 9 Comin. Baau (pref:) .. 10 0 0 ft -.«-- Commercial of Sydney . -—: .20 «■» Nat. Bank N.Z. ......t — 210 3 Bank X.S.W. ......... 32 10 0 — Ban* X.Z. ■ 2 111 ■■,.77.-. Bank X.Z. "U" — i'^ViS Union-Baiik ...;:...f — ,i X2?2 Xat. Bank Jk'asia (£10) 11 5,0 12 5 • Q Xsit. Bank A'asla (£3) 3 12 0 — ;. Dalgety : 8 0-0 1. — • ; ;•; Gbldabrough,; Mort • 17 9 —■ , VV.FC.A. (nref.) 0 6 6 — Wston IHrest. T.' & A. 0 7 5 ■■■••— Auckland Gas (con.) .. — ? f:f Chrlstchurcb Gas, — : 1 0 • Queensland ' Insc'e." .... 2 17 0 . ,—: South British lnsce. .. 3 10 6 — Gear Meat 115 — X.Z Refrig (10s) * — 0 12 1 W'gtcn. Meat. Export ... 0 9 0 — Huddart Parker 2 13 6 . — Felt and Textiles .. 2 4 9 — Manawatu Knitting .. 1 15 0 — Oamaru Wool 1 4 6 , "T • « Timaru .. ....... ■— *■« * Wellington Wool" ....... 8 5 0 — Wctn Wool (pref.) ... 88 0 . ~Z m Ley land Timber, ...... — **• New, Zealand Breweries . 1 17 6 -r TootU 2 14 <5 —■■ ¥$T'*:.::::::::::::. «T« o r 1"* ! British Tobacco 2 7 0 Burns, Phllp 2 14 b ~. - Claude Xeon (X.Z.) ... -~ 1 * ' D.l.C. (pref.) 1 5 0 — Dunlop ".. 12 0.— Electro. Zinc (ord.) ... ~ !•> ■» ■ Farmers' Trading 1- 1 b (irlftin and Sons (10s) . 0 10 ,0 — I.C.I, (prof.) . 1 ■» 3 ~ J. J. -Xiven 0 H 6 — Maodulta (ord.) ....... 0 10 0 — McKeuzios ' - -1 <> ■ - S» Metiers (.N.Z.) •• 0.16 0 — • M.Ki atumifiieturers .. 0 C U — Forest Products (pref.) 0-90. . — > X.Z. Farmers' Fert. ... 1 0 b . . —, N.Z. Xewspapers ..... • 1 1< « : Tlngey (pref.) ........ 15 0 — Sharland (ord.) .1 J 0 ; —, Sharland (pref.) 1 SO . — Selfrldjcs A'asia 1 .1 • 9, —. United Provisions .... 0 13 6 . —.• Wilson's '■ Cement ...... 0 18 9 — Cable (pref.) • 1 ,3 6 ;. •—» Woolworths. Ltd. .... 0 16 5 — Woolworths (K.Z.) ..t 0 15 1 • . — Woolworth (pref.) .... 1 19 6 . — Woolworth (2nd pref.) .18 6 — Mt Morgan ;.. — A ■' ,• 10 < * Bulolo .-. 2 HO —