VALUES ON STOCK EXCHANGE

New Zealand Herald, Volume LXIX, Issue 21253, 5 August 1932, Page 7

VALUES ON STOCK EXCHANGE

♦lnterim dividend reduced. tlnterim dividend passed. OS'S iS/SKJ&W .ri .oUjg, accrued interest, no return is being given in the meantime.

WELLINGTON WOOLLEN CO. AN INCREASE IN PROFIT DIVIDEND MAINTAINED A net profit of £18,356 is disclosed in the annual accounts of the Wellington Woollen Manufacturing Company, Ltd., for the year ended June 30. The profit is an increase-of £340 on the previous year's earnings. With £3084 brought forward from tho previous year, there is £21,440 available, out of which the directors recommend payment of a final dividend of 3: por cent, making 6 per cent for the year on both ordinary and preference shares, leaving. £3440 to bo carried .forward. The profit was struck after providing £SOOO for depreciation of plant and buildings. Tho report states that during tho year a much larger sum than usual was spent in maintenance. Owing to existing financial and political conditions, trading 4 was extremely difficult, so necessitating a greater provision for actual and contingent losses. Income tax of £9584 also added considerably to overhead expense, which in other respects was greatly reduced by economies. While additional fiscal duties and higher exchange wero apparently favourable to local industry, the steadily diminishing buying power of consumers, duo to economic stress, nullified these to a large extent. Following is a comparison of the company's results and appropriations for tho last three years:— 1930 1931 1932 Brought- forward . . £1,020 £3,0G8 £3.084 Not profit .. 28,018 18.01G 18,350 •529.0G8 £21,084 £21.440 To reserve ~ 2,000 Dividend, p.c. .. 8 G G Amount . • .. 24,000 18,000 18,000 Carried forward .. £3.008 £3,084 £3,440 Tho capital of the company remains unchanged at £300,000. MORTGAGE INTEREST A.M.P. SOCIETY'S KATES OPERATION FOR TWO YEARS The Auckland district offico of the Australian Mutual Provident Society advises in regard to the reduction of interest rates for loans on mortgage that the board's decision operates for two years from September 1, contingent, of course, as outlined by the board, upon no further legislative 'inforfcrenco with existing mortgages to tho society. . In regard to the roference made by tho board to the effects of a special imposition of a super-tax of 2s in the pound on all interest received under mortgages, the district manager said yesterday that the referenco was apparently to a tax existing in Australia, as there was no such imposition in Now Zealand. STOCK SALES PUKEKOIIE PRICES [from our, own correspondent] PUKEIvOHE, Thursday There was a full yarding of cattle at tho stock sale conducted at Pukekohe to-day by tho New Zealand Loan and Mercantile Agency Company, Limited. There was n steady bulc throughout, wliilo values were well up to late quotations. Best dairy cows made from. £G to £7 12s Gd; best dairy heifers, £7 10s to £9 2s Gd; others, £5 to £7; backward heifers, £3 to £4 15s; aged cows, to £3 ss; light fat steers, £4 12s Gd to £6 2b; fat cows, £4 to £5 10b ; others, £3 to £3 15s; killablo cows, £2 to £2_lss; boner cows, to £1 ss; yearling Jersey heifers. £2 to £2 14s; others, to £1 18s. There was an avorago yarding of pigß. Boconerß brought from £1 18s to £2 2s; porkers,_ £1 to £1 10s; large stores, 18s to £1 2s; slips, 10s to 10s; weaners, 9s to 17s; boars, up to £5 ss. MATAMATA QUOTATIONS The Farmers' Auctioneering Company, Liiriited, held its usual fortnightly stock snlo at Matamata on Wednesday. An average yarding of cattle came forward, prices for fat cattle being fully up to Frankton rates. Store cattle were yarded in siood numbers and sold at an advance on the rates for the last'sale. A good yarding of dairy heifors also came forward, anything well forward in calf meeting with fair competition. An extra largo number of storo pigs was yarded and soid at late Frankton rates. Quotations aro:—Cattle: Fat steers, £4 10s to £5 ss: fat heifers, £2 IGs to £3 19b; medium fat cows, £3 to £3 10s; light fat cows, £2 Gs to £2 18s; fresh-conditioned young storo cows, £1 Os to £1 18s: older sorts, 18s to 25b; boners, to 16s; two-year empty heifers, £2 2s to £2 8s; yearling Jer sey heifors, ,£l 17s to £2 15s; Jersey-cross heifers, to 30s; Jersey heifers, close to profit, £G to £0 10s: more backward sorts, to £5 ss. Pigs: Light porkers, 20s to 23s Gd; large stores, 18s to 19s 6d; other stores. IGs Gd to 18s; slips, 12s 1o 15s Gd; good weaners. 10s to 14s; smaller, to 8s Gd; sows in pig, £2-2s to £3 14b. Sheep: Fat hoggets, lis Od to 12a Gd; store hoggets, to 5s Gd.

THE LONDON MARKETS PRICES FOR METALS SLIGHT DECLINE SHOWN (Received August 4, 8.5 p.m.) LONDON. Aug.. 3 (Quotations on August 2 in parentheses.) Copper.—Spot, £27 8s 9d (£27 15s); three months, £27 3s 9d (£27 8s 9d). Electrolytic Copper. —Spot, £3l (£3l 10s); three months, £32 (£32). Wire Bars.—£32 (£32). Lead.—Spot, £lO Is 3d (£lO 8s 9d); three months, £lO lis 3d (£lO 16s 3d). Spelter.—Spot, £l2 6s 3d (£l2 7s 6d) ; three months, £l2 12s 6d (£l2 13s 9d). Tin.—Spot, £133 2s 6d (£135 2s 6d ) • three months, £134 12s 6d (£134 17s). THE MARKET BASKET RETAIL FOOD PRICES PRACTICALLY NO CHANGES Very few changes in the retail prices of foodstuffs havo occurred in the past week. Bananas and cauliflower are slightly cheaper, but prices for celery arc a little higher. There are ample supplies of fish, especially flounder, which aro 2d a lb. cheaper at 6d. Whitebait is now coming forward in larger quantity. Yesterday's prices were: — FRUIT Apples, Delicious, 3d and -Id a lb; Jonathan, 3d; Granny Smith, 4d; cooking, 3d; Rome Beauty, 3d; Brighton, 3d; Stunners, 4d; pears, Winter Colo and Nelis, 4d; cooking, 3d; tomatoes, Queensland, 8d to Is; Island. lOd to Is 3d; hothouse, local, Is 3d to Is 9d; bananas, 2d to 3d; Californian plums. Is 4d; apricots, Js 6d; oranges, Califorhian, Sunkist, six for Is; Island, IJd to 2d each: Sydney, Id to 2d; lemons. Is to Is 3d a dozen; passions. Is Cd to 2s; mandarins, Sydney, 32 to 36 for Is; tree tomatoes, Gd to 8d a lb; grapefruit, Californian, Sunkist, 5d to Gd each; Sydney, 2d: local, id to Id; Queensland pineapples, Is 3d to Is 9d; Chinese gooseberries, lid to 2d. VEGETABLES Potatoes, Blb for Is; new, 2d to 4d a lb; pumpkin, lid; kumaras, local, 31b to 4lb for Gd; onions, 3d a lb; lettuce, 2d and 3d each; cabbage, 2d to 4d; cauliflower, 2d to Gd; carrots, parsnip, turnip, radish, _ beet, leeks, spring onions, Id a bunch; spinach, lid a bunch; peas, Sydney, Is a lb; rhubarb, 4d to Gd a bunch; celery, 5d to 9d a head; Brussels sprouts, Sd to 7d a lb; cucumbers, hothouse, 8d to lOd each; Sydney, outdoor, 4d to Gd. MEAT Beef.—Rump eteak, lOd a lb; undercut, Is Id: all beef steaks, skirt steak. sd; sirloin, 7d; sirloin (rolled), lOd; prime r 'bs, sd; prime ribs (boned and rolled), 7d; wing ribs (three chino bones), Gd; topside (■lib and over), thick flank, bolars, 4id: double top rib, 6d; chuck rib, 3d; rolled back rib, Gd: corned round, Gid; corned brisket (boned). 4jd: brisket and flat rib, 3d; thin flank, 2d: gravy beef or slun meat, 3d; minced beef, 4d; tripe, Gd; dripping, fid; euet, 4d; sausage, sd; sausage meat, 4d; whole shins or lege, Id; half shins or legs (thick end), 2d; half Bhina or legs (knuckje end), Id; ox kidneys. Is; ox tongneß, 7d; ox tails, Gd; whole loins, Gd: whole rump, Bd. Mutton.—Whole log, Gd n. lb; leg. shank end (Gib and under), 7d: hindquarter, sid: foiequarter, 4d; necks, 4}d; loin, Gd; neck and breast, 8d; leg and loin chops, 7d; neck chops, sd; flaps, 2d; cutlets, trimmed, lOd; side. 3jd: kidneys, tongues. 2d each; sheep's head (dressed), Gd; sheep's fry. (kl; shocp b brains, 3d. _. VeaL—Fillets, 7d a lb; loin, fkl: shoulder, 4d; cutlets and veal Bteaks, 8d; chops, Gd; forequerter, 3<]; rolled veal, (id. Pork.—Leg, loin, 7d a lb; i'oreloin, with blade, sd; pork chops, 8d: corned hand, 5d ; corned belly, 8d; pork sausages, 7d. These aro cash prices at the shops, booking and delivery being a penny a pound extra. FISH Schnappor, whole, 4id a lb; trimmed, sd; smoked, 8d; skinned fillets, 8d; terakilu. whole, sd; omoked, 7d; kippered fillets, lid; trevalli, whole, 2d; smoked, Gd; John Dory, whole, 8d; fillets, lid; mullet, wholo, Gd; smoked, 8d; flounder, Gd; dabs, 7d: lemon fish fillets, 4d; silver strip, smoked, Gd; hapuku steaks, 8d: wings, smoked, Gd; moki steaks, sd; smoked eteaks, 7d; eod, smoked, 1h; gurnard, wholo, 3d; barracouta, whole, sd; smoked, Gd; frost-fish, whole, 4d: hake, whole, Gd: kippei'B, Scotch, Is; crayfish, 6d a lb; 31b to 51b, Gd; over slb, 2s each; mussels, fresh, Is Gd a dozen; pickled, Is Gd it bottle; rabbits, Gd each; hares Is Gd each; mutton birds, Is; cod, fillets, scotch, Is Gd a lb; findon haddock. Is 3d; oysters. Is 3d, Is Gd and 2s a bottle; whitebait, 3s a lb, or Oct a glass. BACON AND HAMS Bacon.—Shoulder rashers, 9d a lb; best rib rashers, Is; by pieces, shoulder cutß, GJd to lOd. , . ~ Ilam.—Whole, lid a lb; in rashers, Is 4d, cooked, pressed. Is 7d; rollod. Is 10ct.shoulders. Is 3d. BUTTER AND CHEESE Butter.—Factory. Ist grade. Is 2d a lb; second griKle. Is Id; bulk, farmers buttei, —Ordinary, 10d and Is: more matured, Is 3d. EGGS Eggs, duck, Is 5d a dozen; hen, Is Bd.

AUCKLAND RATES YESTERDAY 7 FORMER LEVELS c COMPARED COMPANIES o u a =-2 s«z Buyers Sellers Approx. Market Price a week ago Appro*. Market Price a year ago 0 ££ s ® >35 Dividend Payable Return on Invest men I at Approx. Market Price BANKS— Australasia . Com. of Aus. . . . E.S. and A £ 5 109 3 £ s 0 5 0 14 4 0 d 0 0 0 £ s 9 15 0 14 4 3 d 0 1 0 £ s 9 15 0 13 4 1. d 0 11 9 £ 8 8 17 0 13 4 0 d C <1 0 9 5 8 Oct.-Mar. Feb.-Aug. May-Nov. £ a 4 14 3 11d 8 5 Nat. of N.Z I N.S.W New Zealand . Union 21 20 1 5 26 0 2 8 6-18 0 1 G 3 10 27 0 2 8 7 1 0 0 3 G 3 8 2fi 11 2 G G 17 0 G 9 0 4 4 24 7 2 8 G 11 0 G 0 7 8 14 1-3 4 Jan.-July Quarterly Dec.-Juno J an .-July 5 0 5 19 2 17 0 5 1 INSURANCE— National .. 1. . 7o 0 12 _■ 0 12 G 0 12 11 10 5-7 May-Nov, G 1 4 New Zealand . . South British . . 1 1 2 O 2 14 0 °l 2 0 3 2 0 2 14 3 °i '2 O 2 10 0 7 10 2s 8d Feb.-Aug. Apl.-Oct. 4 19 4 18 6 8 LOAN AND AGENCY— **Dom. J.& B. . Golds.-Mort. . . J 1 0 17 1 2 0 0 0 19 1 2 0 0 19 1 1 0 10 0 1R 0 19 9 10 1 21 August Dec.-Juno 7 15 2 5 7 COAL— Grey Valley... Pukemiro 1 1 0 9 1 <; C 0 12 1 10 G 0 0 10 1 8 9 0 0 18 1 17 0 G 15 May-Oct. Mar.-Sept. ~t Kenown Tuupiri . . . Do. (pref.) . Weatport .... 1 1 1 10s 0 14 0 17 0 G 0 7 0 17 0 13 G 0 0 0 7 0 15 1 0 0 13 G 3 3 (1 0 12 1. 0 J. 2 0 0 (1 5 8 8! Nov.-May. Oct.-April Mny-Nov. f> 9 9 2 G 11 0 10 7 GAS— Auckland 1 1 0 3 1 1 3 1 1 0 1 2 6 July-Feb. * Do. (eon.) . . . 153 0 14 3 0 15 0 0 17 1 July-Feb. * SHIPPING— Devonp't. Ferry Huddart-Parker Northern Steam 1 1 14s Gd 0 ir> 1 3 t> 0 0 9 3 1 0 1 5 0 7 0 0 0 0 18 1 4 0 C 0 0 G 1 0 1 2 0 8 3 6 0 H Dec.-June Sept.-Mar. Nov.-May 5 11 4 1 11 3 1 8 1 TIMBER— Bartholomew . . Kauri . .. I 0 7 0 8 0 0 11 3 — 0 7 0 8 0 9 0 15 0 9 G 3 H Oct.-April J unc-Dec. — BREWERIES— N.Z. Breweries Tooth'B 25s 1 I i 4 : 1 G 1 5 0 1 5 1 G 0 2 18 9 0 16 11 8 8 Jan.-July May-Nov. r> 8 6 0 0 0 MISCEL'OUS— Aus. Glass .... British Tobacco Bycroft Colonial Sugar . Farm. Trading . Milne & Choyce (deb.) Farmers' Fert.. Union Oil .... Wilsons Cement 1 1 1 20 8a 1 1 1C>3 1 1 15 1 8 1 6 42 0 0 3 0 13 1 1 1 8 3 3 0 0 9 0 C 9 1 8 42 7 0 4 0 17 1 9 9 G 9 0 0 1 15 1 8 1 6 41 17 0 4 0 17 0 13 1 1 1 10 3 2 0 G 0 0 0 G 0 I 1 3 1 9 34 7 0 5 0 18 0 10 1 6 1 16 10 0 G 9 3 0 0 9 n 8 Is lOd 12 J 8 G 6 Is 9d 10 Dec.-June Quarterly Nov.-May May-Nov. June Apl.-Oct. August Apl.-Nov. Nov .-June i 5 7 1 5 18 + 7 13 8 2 G 16 1 0 8 10 9 9 MINING— Waihi Waihi G-. June. Mount Lyell... 5s 2s 1 0 15 0 2 0 17 8 G 0 16 0 3 0 17 0 0 9 0 15 0 2 0 17 4' 10 o 0 15 0 3 0 1G G 10 9 40 4d 6 May-Nov. May June-Dec. 12 13 11 15 t 11 4 GOVT. LOANSWar Bonds, '38 Ditto. 1937 . . Ins. Stk., '38 . . . Ditto. 1037 . . 100 100 100 100 95 10 100 17 05 10 101 5 0 0 0 101 10 9G 5 0 0 95 0 101 5 90 2 101 0 0 0 (i 100 7 99 12 100 5 99 15 6 G 0 0 44 5i 4i 51 May-Nov. Feb.-Aug. May-Nov. Feb.-Aug. — DEBENTURES&.k. Gas, 1935 . . Ak. Hr. Bd., '41. 100 100 OS 0 09 0 0 o — 98 0 99 10 o 0 101 0 101 10 0 0 61 6 May-Nov. Jan.-July — i