COMMERCE AND FINANCE

Otago Daily Times, Issue 25090, 4 December 1942, Page 6

COMMERCE AND FINANCE

THE SHARE MARKET YESTERDAY’S SALES Dunedin.—Sales reported: National Insurance. £1 Is 3d; Otago Daily Times (odd lot). £2 2s. Auckland.—Sales on ’Change: Liberty Bonds, 1949, 18s 3d; Bank of Australasia (odd lot), £9; Bank of New Zealand, £2 Os 3d (2); National Insurance, £1 Is 3d: Newton King (pref.), 15s; Auckland Gas, 7s Id: Dominion Breweries. £1 11s; Broken Hill Proprietary, £2 (2); Colonial Sugar, £52 10s (2); G. J. Coles, £2 16s; McKendrick Bros. (pref.). £1 2s; Reid Rubber (new issue), £1 6s 3d; Wilsons Cement, 18s 3d; Sanford, 4s 6d; Emperor, 11s 6d.—Unofficial list: Industrial Chemicals, 18s. Wellington.—Sales on 'Change; Booth, Macdonald (pref., late yesterday), 7s 2d; Broken Hill Proprietary (late yesterday), £2; Woolworths, Ltd. (late yesterday), 15s lOd; C. and A. Odlin (ord., late yesterday), £1 Os 6d; Stock, 3 p.c., 1952-55. £99 7s 6d; Mac Duff’s (ord.), 6s 9d; Woolworths Properties. £1 5s 6d; Waihi, 3s Bd. Christchurch. —Sales on ’Change: Commercial Bank of Australia (pref.), £10; New Zealand Refrigerating (10s paid), 10s lid (2); Colonial Sugar, £s2.—Sales reported: Christchurch Gas, £1 2s lOd (2); Broken Hill Proprietary (late yesterday). £2. £2 Os 6d—Sales reported, unlisted stocks: New Zealand Oil Concessions i (rights), £l. LOCAL QUOTATIONS Government Loans.—3J per cent. Bonds and Stock. 1953-57, b. £lO3 15s; 4 per cent. Bonds and Stock, 1943-46. b. £100; 4 per cent. Stock, 1949-52, b. £lO4 15s; 4 per cent. Bonds and Stock, 1952-55, b. £lO7 ss; 4 per cent. Bonds and Stock. 1954-58, b. £106; 3i per cent., 1956-59, b. £IOO 10s; per cent., 1957-60, b. £IOO 10s, s. £lOl 15s; War Loan, 1953, b. £92 15s; 3 per cent., 1951-54, s. £99 17s 6d; 4 per cent. Rural Bonds, 1947, b. £lO3 10s; 3 per cent.. 1952-55, s. £99 10s. Banking, Insurance, and Shipping.— N.Z. (£1), b. £1 19s 6d, s. £2 0s 6d; N.Z. (long D. £1), b. £1 10s 6d; Commercial (10s). b. 15s; E.S. and A. (£3). b. £3 13s 9d; Natl., N.Z. (£2 10s), b. £2 7s 3d; Union (£5), b. £7 11s Gd; National (7s), b. £1 Is; New Zealand (£1), b, £3 15s; South British (10s), b, £3 ss; Standard (£1). s. £3 10s 6d; U.S.S. Co. (pref., £1), b. £1 8s 3d. Meat and Agency.—N.Z. Refrig. (£1), s. £1 ss; N.Z. Refrig. (10s), b. 10s lOd, s. 11s; South. Frozen (pref., £1), b. £1 16s; South Otago (£5). b. £5; Waitaki Farmers (£5), b. £5; Natl. Mortgage (£2), b. £2 2s; Natl. Mortgage (B, £1), b. £1 3s; Perpetual Trust. (18s), s. £2 9s; Trustees, Exec. (£3), b. £4 2s; W.S. (ord., £1), b. £1; W.S. (pref., £1). b. £l. Breweries, Gas, Coal, Oil, and Wool.— N.Z. Breweries (£1), s. £1 15s 9d; Do- * minion (£1), s. £1 10s 6d; Dunedin (£1), i b. 19s 6d; Kaitangata (16s), b. £1 12s 9d; Westport (10s), b. £1 4s 6d, s. £1 ss; V/.-Stockton (ord., 10s), b. 2s 6d, s. 2s 9d; W.-Stockton (pref., 10s), b. 8s 3d, s. 8s lOd; Moturoa (pref., ss), s. 4s; Taranaki Oil (£1 4s 7d), b. 5s 3d; Taranaki Develop., s. 3s 9d; Bruce (ord., £1), b. £1 3s 9d; Bruce (pref., £1), b. £1 Is 6d; Kaiapoi (pref., 17s), b. £1 0s 6d; Mosgiel (£4), b. £ll 9s, s. £ll 15s. Miscellaneous.—A.F. Co. (ss), b. 3s 6d; A.C.I. (£1), b. £2 9s; Booth, Macd. (pref., 15s), b. 6s 9d, s. 7s 3d; Broken Hill Pty. (£1), b. £1 19s 6d; Brown, Ewing (pref., £1), b. £1; C. Begg and Co. (£1), b. £1; Crystal Ice (£1), b. £2; D.I.C (ord., lOsl, b. 15s 6d; D.I.C. (pref,, £1). b. £1 5s 3d; Dominion Fertiliser (£1), s. £1 2s 3d; Donaghy’s Rope (£1), b. £2 11s; Dunlop Rubber (£1), b. 19s 6d; Felt and Textiles (£1), b. £2; G. J. Coles (£1), b. £2 15s; Hume Pipe (£1), b. 11s; Mac Duffs (ord.. £1), b. 6s; Milburn Lime (£1), b. £1 13s; McLeod Bros. (£10), s. £25; Natl, Electric (£1), b. £1 4s; N.Z. Drug Co. (£2). b. £4 Is 6d; N.Z. Drug (new issue), b. £2 5s 6d; Smith and Smith (pref., £1). b. £1; Wilsons Cement (10s), b. 18s; Woolworths (ord., ss), s. I4s lOd; Woolworths (Syd., ss), b. 15s 6d, s. 15s lOd. Mining.—Broken Hill South (ss), b. £1 6s; Bulolo Dredging (5dol), b. £1 16s; Mount Lyell (£1), s. £1 10s; Mount Morgan (2s 6d), b, 9s; New Broken Hill (ss), b. 15s; Clutha River (2s), b. Is, s. Is 6d; Gillespie’s Beach (Is), b. 3d. TIMARU WOOLLEN COMPANY " To earn a profit of £6310 17s 2d, the company has had to spend no less a sum than £114,973 9s 3d for raw materials, wages, and other expenses,” said Mr W. H. Walton, chairman of directors of the Timaru Worsted and Woollen Company, Ltd., addressing the annual meeting of shareholders on Wednesday. “Although the turnover is £12,000 higher, the net profit is £2BOO lower,” added Mr Walton. He explained that this anomalous result was due chiefly to increased wages and higher taxation. In 1940, the wages bill had amounted to £26,653 18s Id, and taxation cost the company £9293 5s 2d. In 1942 the wages bill had increased to £42,472 Is 4d, and taxation had risen to £17,388 18s 7d, The number of employees engaged was practically the same during the last two years. The gross profit from the manufacturing account was £42.366 0s 4d, and the net profit, after allowing £5874 8s lOd for depreciation, was £23,699 15s 9d. HUME STEEL DIVIDENDS 1 P.A.) WELLINGTON, Dec. 3. Hume Sled, Ltd., reports a net profit of £23,521 The directors Tccommcnd a final dividend on preference shares of 33 per cent., making 7i per cent, for the year, and a dividend on ordinary shares for the 12 months at 2J per cent, John M. Fraser and Co.. Ltd,, selling agents for Otago and Oamaru Egg Circles, report as under:—Eggs: Pay-out. for eggs received during week ended November 27: Heavy. Is 9Jd; standard. Is 7d; medium. Is sd. Potatoes:'Government fixed prices. Chaff. £6 10s to £7 15s per ton, sacks extra. Whole fowl wheat, 22s to 24s per sack, Honey wanted. Butter, lid to Is per lb. Oamaru potatoes, 3d to 3id petlb. Poultry: White Leghorn hens, 4s 6d to 6s 6d; heavy breeds, 7s to 9s; cockerels —light 5s to 7s, heavy breed 9s 6d to 12s: W.L. roosters, 3s to ss; ducks, 4s to ss; ducklings, 5s to 7s, all per pair. Turkeys wanted; gobblers, lOd to Is per lb, live weight; hens, 9d to lOd per lb. We stock " C.F.M.” and Waitaki meatmeal, buttermilk powder, wheatmeal to replace pollard. We are Otago agents for: “ Sol-Vit-Ax ” cod liver oil for poultry; prices on application. We will hold our Christmas poultry sale on Wednesday, December 16. Write for crates. Consignors, please note ■ that all poultry crates must arrive not later than Wednesday morning of each week. We have a stock of poultry crates on hand for use of our clients.