STOCK EXCHANGES

New Zealand Herald, Volume 78, Issue 24138, 3 December 1941, Page 3

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

linn] S< l'^ L ? ew Zealand Insurance, 725; PhilJipps and Impey, 31s; Una Hill in iii£. Mount Morgan, 9s 2d. ' ' lB ld; £inftWellington City, 1/2/40 4V. & OS kL eW 7^5 d «e fri « e rating (iotl Brnlrn "FTiif j Breweries, 36s 7d wokctj Hill Proprietary, 40s: Radio hahrv I*' Sd ea (2) Meat " 15s Wool worths _Chrißtchurch.--Stoc k , 15/2/46-49, 4, £lO3 Erl^rL K^rJ: 78) ' 66 9(15 Zea!and Dunedin.—Stock, 15/4/46-49 4 £lO-? i -*:®. w „ Z r ea J^ n d Insurance 725; Waitaki Freez<>sVm xV<i $ W i . ?> d Refrigerating (con.), 'j, - Seu ,^® a!a nd Breweries, 3Gs 9d, 363 6d ; Farmers Fertilizer. 20s ~ { /A. &Sales after houre on Monday. JBaaed on bonus" 5 nd at rate per annum. 'lncludes MARKETS IN AUSTRALIA business remains quiet j CRecd. 8.22 p.m.) SYDNEY, Doc. 2 Price rises and falls about equalled each other on - the Stock Exchange to-day and ' trade was quiet. Sales included:—Bank New booth vY a leg, £25; Commercial Banking Sydiiey, £l6 10s; Howard Smith, 21s 9d; Tooths 48s . 9d; Australian Gas A, 94s 6d; Amalgamated Textiles, lie Id; Associated Xews rP/ e ) k 15s , 3d: ACI - 426 6d; Broken Hill Pty. 36's 6d; David Jones. 33s 6d; Dunlop Rubber, 23s 9d; Stedman, 13s 4d; Standard Cement, 20s 3d; Victoria Nyanza, Ss 6d; Electrolytic Zinc, 48s 9d; ditto (con.), 37s <d; Rawang, Ss sd. Melbourne business included:—Commercial Bank Australia, 13s 2d; Australian Paper Mfrs. (pref.). 275; Bradford Cotton, 37s lOd; Herald and Times, 60s 9d; Carlton Brewery, 625; G. J. Coles, 565; Loloma, 20s 9d. LOAN AND MERCANTILE NO ORDINARY DIVIDEND ' The New Zealand Loan and Mercantile Agency Company, Limited, has received cabled advice from London that a dividend of 5 per cent on the Cumulative preference stock is recommended for the year ended June 30, 1941, this dividend being subject to a deduction of 5s 7d in the : £ for English income tax. The directors advise, that undetermined liability for excess profits tax precludes the payment of an ordinary dividend. The annual meeting will be held on December 18. / TAXATION EXCEEDS INCOME AUSTRALIAN ANOMALY Because of the heavy war-time taxes in Britain and Australia, some companies whose income is taxable in both countries are liable to combined taxation in excess of the income itself. The Australian Association of British Manufacturers has reported on the position to the association's British council, expiessing an opinion that nothing less than reciprocal concessions by both Governments can give the required relief. According to the annual report of the association, the extraordinary situation is the result- of the exclusion of both the United Kingdom excess profits tax and the Australian war-time (company) tax from the provisions of the legislation in both countries which was designed to prevent excessive double taxation." GRAIN AND PRODUCE v. ,"V-'•" HEAVY DEMAND FOR WHEAT The following Is the official market report of the Auckland, Grain, Seed and Produce Merchants' Association:-- -- - Wheat.—The distribution of wheat orders purchased for delivery ex shipment Is now being made. The demand for wheat Is heavy and good supplies are available on a-steady market. The price for supplies through merchants' stores is from 7s 3d to 7s 4d a bnshei. Maize. —A normal demand continues for maize, and the market is steady at from 7s Sd to 7s lOd a bushel. Stockmeal.—There is a good demand for stockmeal, and fair stocks are held locally. The price from merchants' stores is steady at from £lO 17s 6d to £ll 10s a ton. Oats.—The demand for oats is quiet, with a firm market, due to lack of supplies. The price is from 5s 3d to ,5s 4d a bnshei. Barley.—Good stocks are held by... merchants. The demand is quiet and the market unchanged at undipped, 5s lOd to 6s a bushel; clipped, 6s 3d to 6s 6d. Barleymeal.—-Best quality is worth from £l3 to £l3 15s a ton. , „ ... . Bran.—Stocks are very low. Chaff. —The demand is quiet. Ample supplies are available, and" the market is steady at from £lO 15s to £ll 10s a ton. PUKEKOHE PRODUCE (0.c.) PUKEKOHE, Tuesday The output of new potatoes from Pukekohe last week topped the 500 tons mark and largely overtook the surplns of orders. The demand was still quite strong to-day and there was a ready sale for all, supplies coming forward, but these were practically sufficient to fill all orders to hand. The price' meanwhile remains at 34s per cwt-, on rail, Pukekohe. Cauliflowers are selling at 13s a Chapman bag, a drop of 2s since last Monday. Cabbages remain at 15s a Chapman bag, tomato and celery s plants at 4s 9d a tray of 4}/ a dozen, and flower plants at 5s and 5s 6d a tray.

LIVESTOCK SALES FIRM FRANKTON DEMAND (0.C.) HAMILTON, Tuesday A full yarding of both ewe and wether mutton met a firm demand at the Frankton stock sale to-day, and an average yarding of fat lambs maintained la?,e quotations. An average entry of all classes of cattle was penned, with values for prime ox and cow and heifer beef firmer than last week's prices. There was a larger yarding than usual of pigs, and competition for baconers and porkers was not as keen as at other sales. Store and weaner pigs sold on a par with recent sales. Farmers' Auctioneering. Prime fat wethers, 23s to 23s Gdj lighter, 22a to 22s 9d; unfinished-, 20s 6d to 21s Gd; mixed-sex two-tooth mutton, 20s 6d to 21s 6d; young fat ewes, 15s to 17s 3d; fat ewes, 12s to 14s (id; unfinished. Ss tid to lis; fat lambs, 25s to 2(!s 9d; lighter, 22s 9d to 24s 3d. Medium prime bullocks, £ll 19s' to £l3 17s; medium prime Polled Angus heifers, £S 1-ls to £9 ss; fat cows, £4 5s to £9 15s; boner cows, 20s to £4 2s; potter bulls, ..20s to £2 4s. Heavy choppers, £3 Ss to £3 lis; others, 31s to £2 12s; prime heavy baconers, £3 18s to £4; heavy, £3 14s to £3 10s; medium, £3' 10s to £3 12s; light. £3 4s to £3 Ss; heavy porkers and buttermilk pigs, £2 16s to £3 3s; medium, £2 10s to £2 lis; light, £2 4s to £2 Ss; unfinished, 30s to £2 2s; stores, 24s Gd to 35s Gd; slips, 15s Gd to 22s Gd; weaners, 4s to 12s; breeding sows, £2 o» to £2 lis Gd; sows with litters, £3 ss. G. W. Vercoe.—Heavy prime, bullocks, £l4 to £ls; others, £ll to £l3; prime cows, £8 to £lO ss; light and unfinished, £7 to £7 12s Gd; prime heifers, £8 to £10; others, to £7 12s 6d; fat Jersey cows, £5 to £7; light, to £5 ss; forward-conditioned young Shorthorn and Friesian cows, £5 ,5s to £G;"others, to £5; choice yearling Jersey heifers, to £6 15s; fair quality, to £6; small, to £4 10s: liirht runners, to £5 10s; heavy vealers, £4 to £4 18s; medium-'weigiits, £3 to £3 12s 6d; small, to £2 15s; boners, £2 to £4 10s. Heavy fat wethers, 22s 6d to 23s Gd; medium, 21s to 22s 3d; light, 20s to 20s 9d; woolly wether hoggets, 25s 6d; shorn, 225; heavy fat ewes, 12s to 14s; medium, 10s to lis 6d; light, to 9s. Heavy baconers, £3 16e to £4; medium, £3 12s in £3 15s; light, £3 3s to £3 lis; heavy porkers, £2 18s to £3 ,2s; medium, £2 14s to £2 17s; light, £2 5s to £2 12s; lighter and unfinished, 35s to £2 2s; stores, 29s to 355; slips, 20s to 28s; weaners, 12s to 17s; others, to 10s; sows to farrow, to £3 ss. Wright, Stephenson and Company.—Prime light Polled Angus heifers, £7 10s to £8; prime cows, ex dairy, £5 15s to £7 2s; medium, £4 5s to £5; light, to £4 ss; boners, 35s to £3 7s; vealers, £2 5s to £3 lis; runners, £4 18s; heifers, running with bull, £5 Ss to £5 17s; forward Hereford cows, £5 10s to £G 4s; rough two-year steere. £5 to £<> 7s. Heavy fat wethers, 2.« to 23s Gd; light, 21s to 22sf heavy evies, lis 9d to 12s: light ewes, 10s .Gd; good two-too h ewes, ex coast, 30s; medium quality, 28s to 298 6d; good four-tooth wethers, ex .coast. 19s 3d to 19s M. Heavy baconers, to 4 £4 3s; medium, £3 12s £4 L hwvy pikers- to , &&t good stores, 28a 4o 35a; alips, 128. to Jos-. # |

Sale Price Rise or Yield War Loan, £ 8 d Fall £ a d _ 1/10/58, (2) 88 K 0 iJ0; 3/S/517 54, 3 .. Nai.Bk. N.Z. 98 10 2 o 0 o +15a 3 3 10 Bank N.S.W. 28 0 o 4 9 4 •N-Z. Insce.. Broken Hill 3 12 1 19 0 9 6 — 4 *3 3 4 5 8 9 8 ■Drug Houses 1 9 15 6 §M. & C. (deb.) # * 8 2 (2) §N.Z. Fert.. 0 117 1 o 6 < 6 0 4 — 6 14 3 'Radio (1936) W'wths (Syd) 0 14 0 16 5 5 7 5 17 0 2 10 7 9