COMMERCIAL

Evening Star, Issue 25617, 18 October 1945, Page 6

COMMERCIAL

SHARE MARKET. The market retained its recent strength this morning, but business fell away to two late transactions.' Bank of New SSealands eased fractionally to between 50s 2d-50s Bd, | but the Long D s remained in demand at 30s. Gear Meats were firm at 27s 9d-295, while Southland Frozen ords. had better buyers at 58s, sellers asking 61s. Breweries also closed firm, with Dominions sought at 55s 3d. Among Australian industrials, British Tobaccos were wanted at 49s 6d, and Broken Hill Proprietaries ,at 46s 6d, with no holders quoting. Brown, Ewings ords. had an inquiry at 255, and the prefs. at '22s 6d.' Eights to the new issue of Reid Rubber were available at 8s 6d. North Broken Hills were firmer on a purchaser's offer at 545. SALES ON CHANGE: THIS DAY. Dunedin.—Sales reported, late yesterday: Union Steam Ship (pref.), 32s 10|d (550); G. J. Coles, 76s 3d (50). This morning: G. J. Coles, 76s 3d (50, late yesterday); Beath and Co., 34s 6d (100, late yester*day), Auckland.—Morning call: Commercial Bank of Australasia, 18s 2d; Bank of New Soutih Wales, £34; Bank of New Zealand, 50s 6d, 50s; Auckland Gas, 7s 8d; Dominion Breweries, 55s 3d; G. J. Coles, 76s 3d; Reid Rubber (rights), 7s 9d; South British Insurance (ex div.), 85s; New Zealand Stock, 3 per cent. (1951-54), £IOO 2s 6d; Wool Bonds (February, 1948), 21s. Noon call: Broken Hill, 46s 9d; Henry Jones, 55s 9d; Wool Bonds (February, 1948), 21s; Wool Bonds (February, 1949), 20s 3d. Unlisted: Auckland Meat Co., 38s. Wellington.—2£ per cent. Stock (1949-o0), £9B 12s 6d (2); Woolworths (N.Z.), 24s 3d. Reported: 3 per cent. Stock (1946-48), £100; Commercial Bank of Australia, 18s 2d; Westland Breweries, 32s 6d; Broken Hill, 46s 9d; New Zealand Farmers Fertiliser, 275. Christchurch.—National Savings (JuneJuly, 1949), 20s 3d; Bank of New Zealand, 50s 6d (3); New Zealand' Breweries, 47s (2). Reported: 3 per cent. Bonds (195154), late yesterday, £100; 3 per cent. Stock (May, 1953-56)', late yesterday, £IOO 12s 6d; 3 per cent. Victory Loan Bonds (1955-58), late yesterday. £100: Tiruaru Woollen, 20s 6d. BROWN, EWING'S ACCOUNTS.

TSie payment of an unchanged dividend of 6 per cent, on ordinary shares, plus a bonus of 6d a share, is recommended in the annual accounts of Brown, Ewing, and Co. Ltd. The net profit of £5,111 compares with £4,541 last year, and is the highest for at least a decade. Gross profit improved by £6,013 to £51,792, but taxation provision was higher by £1,250 at £14,000. The ordinary dividend and bonus and the preference distribution of 5 per cent, will take £3,375. The balance brought forward from last year of £2,918 compares with £4,654 carried forward. Balance sheet items show reserves at £14;674, and capital unchanged at £50,000. Current liabilities include bank at £12,163, and creditors at £837. Properties and fittings total £39,163, stock is stated at £41,515, and book debts, investments, and cash at £22,128. The account balances at £103,306. AUSTRALIAN CEILING PRICES.

Two new lists of shares with ceiling prices revised became effective on the Sydney Stock Exchange on Tuesday. It is considered that the Commonwealth authorities have accelerated the rate of releases. The first group was issued three weks ago and the second a week ago. In the four lists «o far released, a total of about 260 ceiling prices have' been raised by 10 per cent. The discriminating time lag between the earlier and later lists lias thus been shortfined. The two new lists include the following revisions, the first figurebeing the minimum and the second the ceiling price:— List 1. —Anthony Hordern, ovd., 18s. 225; Bank of N.S.W.. 5135. 6275; Burns, Philn, 50s 9d, 61s 9d; Bradford Cotton, ord., 38s 3d, 46s 9d; David Jones, ord., 35s 9d, 43s

6d; Goldsbrough Mort, 28s 9d, 355; Go*, don and Gotch. ord., 48s 3d, 58s 9d; Kandbs Cement (16s paid), 30s 6d, 375; ditto (8s paid), 14s 9d, 17s 9d; Masonite, ord., 25s 6d, 31s; Morts Dock, 18s 6d, 22s 6d; Queensland Insurance, 51s, 62s 3d; Tooheya, 28s 6d, 34s 9d; Woolworths. ord., 19s 3d, 23s 6d; Bulolo, 97s 6d, 119 s. List 2.—Adelaide Steam, 29s 3d, 35s 9d; Bank of New Zealand, 37s 3d, 45s 6d; British Tobacco, ord., 445, 53s 9d; ditto, B ord., 39s 6d, 48s; Cribb and Foote, 12s 6d, 15s; Dunlop Rubber, ord., 21s 6d, 26s 3d; Electrolvtic Zinc, ord., 51s, 62s 3d; ditto, pref., s*ls 6d, 62s 9d; Henry Jones, 45s 9d, 55s 9d; Queensland Brewery, ord., 235, 28s; 'United Insurance. 187 s, 2285.