COMMERCE AND FINANCE

Otago Daily Times, Issue 24773, 25 November 1941, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE YESTERDAY'S SALES DUNEDIN Sales Reported ' £ s. d. 4 p.c. Stock. 1949-52 .. .. 105 0 0 National Insurance .... 100 N.Z. Refrigerating (cont.) .. 0 9 5 AUCKLAND Sales on 'Change.—War Bonds, 1946, 2J per cent, £9B; Stock, 1957-60, 3.1 per cent., £IOO ss; Stock, 1943-46, 4 per' cent., £lOl 17s 6d; Bank of New Zealand (late sale), £1 19s 9d; New Zealand Insurance, £3 12s 6d; Auckland Gas (con.), 2s lid; Kaiapoi (con.; odd lot). 6s 6d; K.D.V. Boxes, 10s; N.Z. Refrigerating, £1 Is 6d; N.Z. Refrigerating (10s), 9s sd; Wo-Iworths (Syd.), 16s 3d. WELLINGTON Sales on 'Change.—N.Z. Refrigerating (con.; late Fri.), 9s sd; Woolworths Properties (late Fri.), £1 6s 6d; Woolworths Ltd. (ord.; late Fri.), 16s 3d; 4 per cent. Stock, 1952-55, £108; War Loan, 1951-54, £9B 10s; War Loan, 1/10, 1953, £BB ss; Gear Meat, 15s; Mac Duffs Ltd. (pref.), £1 Is. CHRISTCHURCH Sales on 'Change.—War Loan, 1953, £BB ss; Christchurch Gas (10s paid), lis. Sales Reported.—3| per cent. Inscribed, 1957-60, £IOO 10s; 4 per'cent. Inscribed, 1949-52, £105; War Loan, 1953, £BB ss; Ballin's Breweries (15s paid), 12s 3d; Broken Hill Proprietary, £2; Pyne Gould Guiness "A" Debs., £IOO. LATEST QUOTATIONS^ GOVERNMENT LOANS

MINING NEWS GILLESPIE'S BEACH RETURN The Gillespie's Beach Gold Dredging Company reports that the wash-up for the fortnight ended November 22 resulted in 38oz 2dwt of gold being won in 231 hours' dredging from 27.702 yards. OKARITO RETURN The Okarito Five-mile Beach Gold Dredging Company reports that 7oz lldwt of gold were won in 119 hours' dredging.

GOVERNMENT fcONTROL

RESTRICTION OF TRADE PROTEST BY BUREAU OF IMPORTERS Arising from statements made by the Ministers of Industries and Commerce, Mr D. G. Sullivan, during an address at the annual conference of the New Zealand Manufacturers' Federation, the following telegram has been forwarded to the Prime Minister, Mr Fraser, by the Bureau of Importers, Auckland:— "My members view with concern Mr Sullivan's statement that the Government proposes to exercise still greater control over the commercial community. Government control of imports alone has already cost New Zealand many thousands of pounds owing to delay in the issuance of import licences and'the consequent rise in prices overseas and the loss of options to purchase. Furthermore, such delays have invariably resulted in goods being sold on other markets, for example silk hosiery, in which circumstances Newv Zealand consumers suffer unnecessary and undue hardships. We submit that State control of imports has been the direct cause of many increases in cost of living and therefore urge that private enterprise be unfettered and that with a view to increasing the Dominion's war effort manpower at present engaged in superfluous State departments be released to more essential services." AUSTRALIAN STOCK EXCHANGES (Rec. 11 p.m.) SYDNEY, Nov. 24. The share market to-day continued to draw confidence from the British Libyan offensive, and many industrials moved to higher levels. The Morning Sales. —Bank of New South Wales, £25 2s; Tooths, £2 lis 3d; Austral Gas (A), £4 17s; Amalgamated Textiles, lis 4d; British Tobacco, £2 2s 9d; Broken Hill Proprietary, £1 17s 6d.

Additional Sales.—Commercial Banking of Sydney, £l6 17s; New Zealand Insurance, £3 lis 9d; Burns, Philp, £2 lis 3d; G.' J. Coles, £2 18s; Woolworths, 15s; Consolidated Industries, £2 3s Id; Morris Hedstrom (prei), £1 5s 6d; Electrolytic Zinc (pref.), £2 12s 3d; Electrolytic Zinc (cont.),£l 18s 3d; North Broken Hill, £1 19s Id; South Broken Hill, £1 4s 3d. MELBOURNE, Nov. 24. Goldsbrough, Mort, £1 6s lid; Carlton Brewerv £3'ls; G. J. Coles, £2 17s 9d; Herald and Times, £2 lis; Howard Smith, £1 Is 6d; United Provisions, 9s; Felt and Textiles, £1 16s; Emperor, 9s 6d; Loloma, £1 2s 3d, TRADERS' FINANCE CORPORATION (Special) AUCKLAND, Nov. 24. The Traders' Finance Corporation, Ltd., reports a net profit of £2426 for the year ended September 30, compared with £3823 last year and £8713 in 1939. The directors propose an unchanged dividend of 3 per cent., requiring £1723. This will leave £7606 to be carried forward, against £6903 brought in. Scott Bros., produce merchants and commission agents, registered egg and onion merchants, report:—Eggs: For consignments received on November 17 to 21 inclusive, pay out values to clients will be as follows: Heavy Is 6d, standard Is 4d, medium Is 2d. Separator butter, lOd to lid -per lb. Honey,; 7d to ,8d per.,'lb; 101 b tins, 7s to 9s each; 51b tins, 4si 9d' : 16 5s each.' Poultry: Good demand; hens, 2s 6d to 3s each; heavy breeds, 3s to 3s 6d each; ducks, 2s to 3s each; ducklings, 3s to. 3s 6d each; roosters, Is to Is 6d per • head: cockerels —light Is 9d to 2s 6d each, heavy 3s 9d to 5s each; geese, 3s 6d to 4s each; goslings, 4s to 5s each. Turkeys: Gobblers, 9d to lid per lb; hens, 8d to lOd per lb. Fat: Nominally 8s to 10s per cwt. Potatoes: All supplies very short; King Edwards, to £2l per ton; Whites, to £2O per ton; North Island new, 4d to 5d per lb; Oamaru, 5d to 7d. Whole fowl wheat, 6s 9d to 7s per bushel, sacks extra. Chaff: Prime eaten sheaf, £5 15s per ton, ex truck; £6 10s, ex store, bags extra. Whole maize, 8s per bushel. Oyster grit, 6s 6d per 1001 b bag. Straw: Wheaten, 2s 9d per bale; oaten, 4s 3d per bale, ex store. Lucerne meal, 12s per 901 b bag. Lucerne chaff, 8s 6d per sack. Onions: Almost unprocurable, to 30s ,per bag. New season's chickfood: Now in store; packed in 200's, 100*s, 50's, 25's, 10's, and 4's. Quotation for ton lots or less.

Eggs.—We grade all consignments„to regulations over automatic weighing and candling machines. Payments weekly.—November 24, 1941.

Buyer. Seller. £ s. A 3£ p.c. Bonds, 1953-57 102 0 0 3£ p.c. Stock, 1953-57 102 0 0 —> 4 p.c. Bonds, 1946-49 .. 103 7 6 — 4 p.c. Stock, 1946-49 .. 103 7 6 — 4 p.c. Bonds, 1948 105 10 0 — 4 p.c. Stock, 1948 105 10 0 — 4 p.c. Stock, 1949-52 .. 105 0 0 — 4 p.c. Bonds, 1952-55 107 5 0 — 4 p.c. Stock. 1952-55 107 5 0 — 3 p.c. Nat. Dev. Loan, 99 0 0 — 3 p.c. Nat. Dev. Loan, 1956-59 99 0 0 — 3 p.c. Conv. Loan, 1946-48 99 0 0 — 2J p.c. War Loan, 1946 97 0 0 — BANKING N.Z. (£1) — 2 0 0 N.Z. (Long D: £1) .. — 1 11 3 E.S. and A. (£3) .. — 4 2 6Natl, of N.Z. (£2 10s) 1 19 6 2 0 6 Natl, of A'sia (£10) — 11 15 0 INSURANCE AND SHIPPING National (7s) .. .. South British (10s) .. 0 19 10 3 4 0 1 0 3 Standard (£1) .. .. 3 3 6 — P. and O. Stock (£1) 1 15 0 2 0 0 U.S.S. Co. (pref.; £1) 1 6 6 — MEAT. LOAN AND AGENCY N.Z. Refrig. (10s) .. 0 9 2 0 9 6 S. Froz. (ord.; £1) 1 14 0 — South Otago (£5) .. 5 0 0 — Waitaki Farmers (£5) 5 0 0 — Dalgety and Co. (£5) 6 6 0 — Natl. Mortgage (£2) 1 19 0 — Natl. Mortgage (B; £1) 1 2 6 — L. and M. (ord.; £100) — 45 0 0 Perpetual Trust. (18s) 2 10 0 — Trustees, Exec. (£3) 4 3 6 — W.S. (ord.; £1) 0 18 6 — W.S. (pref.; £1) 0 19 0 — BREWERIES N.Z. Breweries (£1) 1 16 6 ~— Dunedin (£1) .. •• — 1 0 6 GAS AND COAL Westport (10s) .. .. 1 4 9 — W.-Stock. (pref.; 10s) 0 6 6 0 7 3 WOOLLEN COMPANIES Bond's Hosiery (£1) 1 9 9 — Bruce (ord.; £1) tl 4 9 — Bruce (pref.; £1) 1 1 6 — Kaiapoi (ord.; 17s) .. 0 17 9 — Kaiapoi (cont.; 7s) .. 0 6 2 0 7 0 Kaiapoi (pref.; 17s) .. 0 18 0 — Manawatu (£ 1) 1 4 6 — Mosgiel (£4) .. .. 10 10 0 — MISCELLANEOUS B. Macd. (pref.; £1) — 0 6 0 , Broken Hill Pty. (£1) 1 19 0 2 0 0 %1. Begg and Co. (£1) 1 0 0 1 2 6 Crystal Ice (£1) 2 2 0 . — D.I.C. (pref.; £1) .. 1 4 0 ■ — Dom. Fertiliser (£1) 1 3 0 — Dom. Rubber (£1) .. — 0 18 6 Donaghy's Rope (con.) — 1 15 6 I.C.I, (pref.; £1) 1 4 6 — Kauri Timber (£1 5s) 1 4 6 — MacDuffs (ord.; £1) 0 9 0 0 9 2 McLeod Bros. (£10) 27 0 0 — Natl. Electric (£1) •• 1 3 6 — N.Z. Drug Co. (£2) 4 0 0 — N.Z. Drug (new issue) 2 10 0 I~~ Farm F'rtlsr. (£1) .. 1 0 6 O.D. Times (£1) 1 19 0 — Regent Theatre (£1) — 0 19 0 Smith & Smith (pref.; 0 19 0 — Wilsons Cement (10s) 0 17 9 — Macky, Logan .. 1 3 6 — Wool worths (ord.; 5s) 0 14 7 — Woolworths (Syd.; 5s) 0 16 1 0 16 6 Woolworths (S.A.; 5s) — 0 17 4 MINING E. Zinc (pref.; £1) — 2 15 0 Mount Lyell (£1) .. — *1 7 6 New Broken Hill (5s) 0 14 0 — North Broken Hill (5s) 1 19 6 — Placer Develop. (Idol.) 3 0 0 — Rawang Tin (10s) 0 8 9 — Clutha River (2s) .. — 0 1 9 Gillespie's Beach (Is) — 0 0 2\ — 0 9 3 UNLISTED STOCKS Mackintosh Caley 0 15 0 0 17 0 New Snowdrift Lime 0 6 0 — Snowhite LaunSries — 0 14 0 Otago and Southland Finance 0 1 8 — Otago and Southland Finance (cont.) 0 7 0 — and Southland Finance (pref.) 0 13 0 — National Tobacco 1 12 6 — . * Ex dividend, t Cum dividend.