FINANCE AND COMMERCE

Taranaki Daily News, 23 May 1934, Page 12

FINANCE AND COMMERCE

LIVE STOCK MARKET. FEILDING SALE. At the Feilding sale on Friday, 4000 fat lambs were yarded, reports the New Zealand Farmers’ Co-operative Distributing Co., Ltd. Prime heavy weights showed a slight rise on last week, medium sold at par, plain and unfinished showed a slight decline. The market for fat ewes was well up to late sale, and values looked likely to harden. A small offering of wethers sold in buyers’ favour. The store sheep market was in and out, buyers operating with caution. Good mixed age ewes, r.w. S.D. rams, met with fair inquiry, but inferior sorts and store lambs were not up to last week’s rates. Tire beef market was quiet. In run cattle the entry comprised mostly empty cows and heifers, for which there was not much inquiry. Fat lambs, 18s 9d. 19s 2d, 21s lOd, 225, 22s lOd, 235, 23s lOd, 24s 10d. 25s 9d, 26s Id; fat ewes, 17s 9d, 18s 7d, 18s 9d. 18s Ud, 19s 2d; ewes, six-tooth, four and five-year, r.w. S.D. rams, 225; ewes, five-year, r.w. S.D. rams, 17s 4d, 18s Id; ewe lambs, 16s 7d; fat wethers, 20s, 24s 6d; fat P.A. heifers, £3 15s, £4 17s; fat P.A. cows, £4 Bs, £4 8s 6d; fat cows, £2 7s, £2 10s, £2 17s 6d, £3 ss, £3 7s 6d, — \ LEVER BROTHERS’ RESULTS. PROFITS OVER SIX MILLIONS. It may seem remarkable that a business of the magnitude of Lever Brothers, whose assets exceed £71,000,000, and which has important trading interests in many parts of the world, should have been able in the past year to earn a profit which is within a few thousands of the record achieved in 1932. For interferences with international trade were even more serious in 1933 than in 1932, while the depreciation of the dollar and certain other currencies must have adversely affected the company. Apparently, says The Times, the explanation is partly to be found in the recovery in domestic trade, and partly in economies which the contraction of international trade have forced upon the management. But the fact that the average return from investments in subsidiary and allied companies, which exceed £61,000,000, dropped from 12.5 to 10.9 per cent, is doubtless a result of the new difficulties of international trade which developed during ths year. The net profit for the year is £6,200,698, and after transferring £300,000 against £250,000 from exchange reserve, the total available balance is £6,751,353, against £6,708,644. The dividend or! the ordinary stock is maintained at 15 per cent. SHAREMARKET BUSINESS. Sharemarket business reported by the Press Association yesterday was:— Wellington:—Moonlight Nelson Creek, 84d; Farmers’ Fertiliser, 18s 9d; 4 percent. Stock (1955), £108; Bank of N.Z. (cum div.),. 51s; Queensland Insurance, 695; South British Insurance, 80s; Dominion Fertiliser (cum div.), 17s lOd; New Zealand Farmers’ Fertiliser, 18s, 18s 6d. Dunedin:—Mahakipawa, 84d. Reported: National Bank of Australasia (cont.), £6 10s; Mt. Lyell, 21s 7d; Moonlight Nelson Creek, 7d.

Auckland:—Auckland Harbour, 1961, 5} per cent., £lOB 10s (2); Auckland City, 1940, 5t pbr cent., £105; Commercial Bank of Australia (pref.), £9 16s; Bank of New Zealand (D pref.), 34s 9d; Queensland Insurance, 695; South British Insurance, 80s; Farmers Auctioneering (B pref.), 21s; Traders’ Finance (7s 6d paid), 2s 6d; National Timber, 7s; By croft, 475, 47s 6d (2); Colonial Sugar, £65; New Zealand Newspapers, 29s 9d; Union Oil, 28s 6d; Wilson’s Cement, 28s 6d; Goldfields Dredging, 8d; Mahakipawa, Bid, 9d, Bid, 9d; Mataki, 2s Id (2); Waihi Junction, 4s lid. Unofficial list: Invest. Exec. Trust (2nd. B), £96; Golconda Holding, Is 5d (2), Is 6d (2).

Christchurch:—Sales on exchange: New Zealand Government 4 per cent. Inscr. 1949, £106; Comm. Bank of Australia, 16s 8d (5 parcels); National Bank of Australasia (£5 paid, ctlm div), £6 10s; National Bank of New Zealand, £4 2s, £4 Is 3d (2 parcels); Bank of New Zealand (cum div), 50s 7d, 50s 6d; New Zealand Guarantee Corpn., 4s 3d; Christchurch Gas, 33s 6d (3 parcels); New Zealand Breweries (cum div), 42s 3d, 42s 4d; Timaru Brewery (7s 6d paid), 6s 3d; Beath and Co., 335; Dominion Builders’ Supplies, 4s 6d (2 parcels); Dunlop Rubber, 18s 9d; Brian Boru (Is paid), Is 7d (3 parcels); Goldfields Dredging, 9d (2 parcels); Mahakipawa, 9d (4 parcels), 81d (2 parcels), 9d (2 parcels); Mining House Concessions (6d paid), 4|d (2 parcels); Moonlight Nelson Creek, 8d (2 parcels), 74d, 6Jd; New Cornish Point (6d paid), 6d; Nokomai, 2s 9d (3 parcels); Okarito, 8s 6d (2 parcels); Skippers Ltd., lid (2 parcels).. Sales reported: National Bank of Australasia (£5 paid, cum div), £6 10s (2 parcels); Kaiapoi Woollens (17s paid, late Monday), 10s; New Zealand Breweries, 42s 3d; Mt. Lyell, 22s (2 parcels); Brian Boru, Is 71d. Sales of unlisted stocks: Industries Ltd. (12s 6d paid), Is sd; Sun Newspapers, 3s Bd, 3s 9d.

AUSTRALIAN STOCK PRICES. INCREASE IN TURNOVER. By Telegraph—Press Assn.—Copyright. Rec. 8.10 pan. Sydney, May 22. The firm tone on the Stock Exchange was maintained to-day. Australian consols were strong and there was an improved turnover- in all departments. Sales were: Bank of New South Wales, £32; Commercial Bank of Sydney, £l7; National Bank (£5 paid), £6 10s; Bank of Zealand, 50s 6d; Australian Provincial Assurance, 10s 6d; Associated News, 24s 9d; pref., 24s 9d; Burns Philp, 545; Burns Philp South Sea, 24s 6d; Berlei (paid), 30s; British Tobacco, 37s 9d; pref., 30s; Tooth’s ex dividend, 44s 9d; Australian Glass, 51s; Dunlop Perdriau, 18s 74d; Goldsbrough Mort, 32s 6d; Electrolytic Zinc (pref.), 33s 9d; David Jones, 41s; Anthony Hordern, 15s 6d; Australian Iron and Steel (pref.), 22s 6d; Mt. Morgan, 235; Broken Hill Proprietary, 46s 3d; North Broken Hill, 925; Kuala Kampar, 17s 14d; Bulolo Deposits, Is 6d; Katu Tin, 29s 9d; Placer Development, £25 ss; ditto (New Zealand delivery), £25 ss; Commonwealth Bonds 4 per cent. 1938. £lO7 8s 9d; 1941, £lO6 12s 6d: 1944, £lO7 13s 9d; 1950, £110; 1953, £lOB 10s; 1955, £109; 1957, £lO7 7s 6d; 1959, £108; 1961, £lOB 7s 6d.

Sales on the Melbourne Stock Exchange were: Commercial Bank of Australia (pref.), £9 16s; Goldsbrough Mort, 32s 6d; British Tobacco, 37s 6d; Electrolytic Zinc, 26s 9d; Gordon and Goteh, 41s: Dunlop Perdriau. 18s 9d; Herald and Weekly Times, 51s 3d.