STOCK EXCHANGES

New Zealand Herald, Volume LXXVIII, Issue 23997, 21 June 1941, Page 7

STOCK EXCHANGES

YESTERDAY'S SALES

RETURN ON INVESTMENTS

In the following list of yesterday's sales, yields allow for exchange and British income tax where necessary, and, in the case of loans, redemption, and brokerage, but no allowance is made for social and national security taxes on dividends on which, these are payable: AUCKLAND EXCHANGE

Also. —Reid Rubber (rights), 3s (2). Overseas list: Woolworths Holdings (South Africa), Ms lid. Wellington,-—Stock, 15/4/40-!!), 4, £lO3 15s; ditto, 15/2/4:5-1(1, 4, £lO2 12s Cd; Oamaru Woollen, 20s .'id (2); British Tobacco, 44s Gd; G. J Coles, 02s (2); Wool wort lis (S.vd.), Ids. Christchurch.—War Loan, 1/10/53, £B3 15s (2); SUnion Bank, £(i 10s; United Building, 21s Od; N.Z. Breweries, 31s fid; Tooths, 51s (id; Broken JI ill Ply., 42s 3d; Milbura Lime, 37s ("id; iSWoolworlhs (Syd.), 10s; ditto, 16s. Dunctlin.—Union Bank, £0 10s; Standard Insurance, (ids (id; Colonial Sugar, £53; G. ,T. Coles, 02s; Millmrn Limo, 37s (id (2). Unofficial list: Mackintosh Caley Phoenix, 10s (id. '..Sales after hours on Thursday. t Preview! salo cum dividend. dividend passed. EASING IN AUSTRALIA ZING RIGHTS FIRMLY HELD (Reed. 10 p.m.) SYDNEY, June ■■2o Overseas uncertainty is again depressing the investment market. Bank of Now South Wains shares slumped 15s to £25 15s, and Commercial Banking of Sydney fell 3s to £7 12s. Rights to the new Electrolytic Zinc issue were quoted, but could not bo obtained for 25s T'/liil. Sales included:—Commonwealth Bonds, Kill, 4 per cent, £IOO (is 3d; 1061, £llO M Od; Commercial Banking Sydney, £l7 15s, £l7 12s; Commercial Bank Australia. 13s id; Associated News, lis fid; Broken Hill I'ty., 30s; ditto (con.), 23sj Colonial Sugar, £47 ss; Sargents, 21s 3d; Kandos, 30s Od; Mauri Bros.. 65s 3d; Morris Hedstrom, 10s Gd; Wilcox MofTlin. Os; Woolworths (Syd.). 15s; Mount L.vell, 20s 3d. Melbourne business included:—A.C.l, (con.), 37s sd; Australian Paper Mfrs. (pref.), 25s !)d; G. J. Coles, 50s (id; Herald and Times, 48s BRITISH STOCKS FIRMER LONDON. Jnne 19 Quotations in 7>ondon for British and New Zealand stocks compared with recent levels arc:—

BREWERIES' YEAR

NEW ZEALAND COMPANY. TAXES EXCEED CAPITAL Excise and other taxes collected bv New Zealand Breweries, Limited, ana taxes levied on the company's profits during tlie year ended March 31, amounted to £1.690,400, according to the statement of the chairman of directors, Mr. I). W. Madden, at the annual meeting in Wellington this week. This amount is more than the paid capital of the company, which is £1,635,379, and compares with n total of £1,364,000 for taxation in 1939-40. From a trading viewpoint the year had been a successful one, output being more" than well maintained, and all brewing and bottling plants fully employed; but particularly so at the Auckland branch, !\lr. Madden said. The satisfactory trading turnover, had been achieved in face of serious shortages in coastal transport facilities. In recent months; too, regular supplies of articles essential to the trade had bocome increasingly difficult to procure, A serious loss was suffered, in the destruction by fire of the Speight malthouse.

Gross profit for the ycnr (after payment of beer duty) was £718,910, or less by £'10,585 than last year's figure. Costs of all raw materials' had in« creased substantially, but 110 increases in prices of the company's products had been made on this account. Reductions and savings under various heads amounted to £30,528. Investments and advances at £672,864 increased by £163,387. The amount of the company's subscription to the Way Loan was in excess of that increase. Sundry creditors moved from £348,954 to £380.916. an increase of £31,962, explained by the extra amount necessary to provide for taxation. The amount! owing to bankers, £248.901, was £141,061 in excess of the previous year's overdraft. It was necessary to avail themselves of bank accommodation to meet the company's War Loan requirements, Mr. Madden explained. Financial requirements of the Government for war and other purposes had placed heavy demands on the resources of companies like theirs.

THE CITY MARKETS

VEGETABLES IN GOOD SUPPLY

Supplies of most lines of vegetables were good at the City Markets yesterday, and prices generally ruled firm In the,fruit section hothouse tomatoes cased slightly in price, while tree tomatoes, which came forward'in large quantities, realised fair rates. There was a slow demand for marmalado oranges and grapefruit. Potatoes were in short supply and prices were high, the small quantity of new potatoes which came forward bringing good rates. Cabbages were offered in heavy numbers, with prices slightly firmer, and cauliflower sold at much higher prices than last week. Carrots and kumaras wore in heavy supply. Rates jvere:— Fruit. —Apples, cookers, various, 3s to 4s; Grnnnv Smith. 4s (id to 9s; Delirious, 4s Od to 8s (id; Stunner 3s to Os Od; pears. Winter Nelis, Ss to iOs; Peter Barry, Os to 8s; tomatoes, hothouse, 9d to Is 3d per lb; outdoor. smooth, 5s to 1 Is a case; No. 2, Is Od to 3s; o ran ires, Cook Islands, originals, 18s Od to 235; tree tomatoes, new black, 5s to 7s Od: yellow, 5s to Os Od; marmalade oranges, Os to 7s; grapefruit, New Zealand, 7s to 8s Od; lemons, 8s Od to 18s Od a threequarter bushel case,; Meyer, 8s 3d to 17s 0(1! grapes, hothouse, Gros Colman, extra choice, 2s Id to 2s (>d per lb; others, Is 7d to !2sj Chinese gooseberries, 3s to ss;j Cape gooseberries, Od per lb, passion fruit, 12s to 2ls a case; persimmons, 3s to 5s 3d; guavas, 59 '° Field Produce. —Beet, Od to Is a dozen j celerv, cooking, fid to Is a bundle; dessert, Is 3d to 3s; carrots, 2s to 3s Od a bag or Od to Is a dozen; cauliflowers, Os to 10s a B :irk; on benches. 3s to 5s a dozen; cabbages Is Od to 5s Od a sack; on benches. Is to' 1s Od a dozen; cucumbers, 4s to 7s a dozen; htringless beans. 8s to JBs a bag; green peas 9d to Is 5d per lb; kuniarfis. to lis a lia-r, Tauranga, Os to 7s Ou; leeks. 2s to 3s (id a dozen; lettuce, 3s fid to 13s ,i, ease; marrows, 3s to 4s 'id a sack; melons, citrons, Is to Ss ; onions, choice, firm, 5s to Os a bag;' medium, 3s to -Is Od; potatoes, southern, 12s Od to 13s fid per cwt; Ohakune, 8s Od to 10s od II bag; new, 2d to 5d per lb; pumpkins, choice Crown, >s fid to 10s per cwt; medium and mixed. 4s to 73 ft sack - parsnips, 5s to 7s Od a bag, or Is 8d tii Is 9d a dozen; radish, fid to 9d a dozen; rhubarb, 2s Od to ss; spinach, Is to 2S| spring onions, Is to Is Od a bundle; swedes, :5s to Is (id n bag; turnips, 9d to Is Sd •i doTn■ Brussels sprouts, 5d to 9(1 per lb. Poultry.-- Cockerels, heavy breeds, prune, Os to Ss not prime. 5s to Os; light, prime, ::s to ss; not nrint<\ as to 3s (id. fal hens, 1„..,vv Is t,. 5s Od; light 3s (id to 4s fid; lavintr' liens, heavy. Is fid to (is; light, 23 .'id to 2s (id'; pallets, heavy, best. 5s to smal'er -, s up- liiht. best. 4s to Os Od; smaller! 2s up: drakes, vomer, prime. 4s to r»s ;>s up; old. to ;»s; ducks, voting, Is fid to Os fid; old, 2s up; geese. Is Od to Os; turkey hens, 5s to Os; gobblers, lOs to 15s, Ekks and Butter.—Eggs: Hen. standnrd grade, 2s B'/,d a dozen; duck, standard, 2s •iVjd. Farmers' butter, Is 3 1 / s d to Is 5%d per lb.

.Sale Price Rise or Yield ,€ 8 d Fall £ s d Stk., 15/IMG•1!), ■! .. lO.'i 15 0 H - 15s 3 4 '4 Bank N.Z. . 1 :ic 0 — 4 8 11 Son I h British (odd lot) . 2 12 a — 2 17 8 Standard Jits. 0 (5 — 4 2 8 N.Z. Guar. . 0 '2 ■I +4d t F.A.C. (i'J) J J 0 11 3 4 Taupiri ford.) I. 1 3 — 5 17 8 jNaiiicr Gas (odd lot) . G 15 0 7 8 2 Brit. Tobacco •2 4 « T 4 f) 11 Farmers' Trad. (B pref.) . 1 J -3d 5 5 5 Sfi, .7. ('oles o <> — 5 12 10 Morfs Dock . 0 J!) :s — (> 1 8 N.Z. Fort. (pf.) i 9 r, a +1 Vjd 4 11) 5

June fi June 12 June 19 Consols, - l /i p.c. . . £7.sy 2 t £79 £8054 Fund in sr. fJO-JiO, '1 . 112'/ a 113 113% 104 y a War Loar, 3 !/ 2 i ony 2 103% British 3' ' 2 Convcr. 10-1% 101% 105 Vicl.or,\ Bonds in % in 1 / lll*/4 New Zealand— 103'/. 99V| 1'MS-OS, I'A lot 104 into, a .. Of) V* 0oy 2 tEx interest.