COMMERCIAL

Press, Volume LXXXII, Issue 24914, 29 June 1946, Page 8

COMMERCIAL

STOCK EXCHANGES

BUSINESS WELL SPREAD MARKETS FIRM AT LATE RATES There was a moderate turnover on the Christchurch Stock Exchange yesterday, and business was well spread. Markets generally were firm at late rates. Transactions were as follows: Sales on ’Change.—Listed stocks, 100 National Savings Bonds, 29/9/49, 20s 6d; 50 National Savings Bonds, October, 1949, 20s 6d; 100 National Savings Bonds, 9/7/50, 19s lid; 100 National Savings Bonds, 9/7/50, 19s lid; 100 National Savings Bonds, 9/7/50, 19s lid; 100 National Savings Bonds, 9/7/50, 19s lid; 50 National Bank of N.Z., 635; 293 Timaru Gas, 14s 6d; 50 British Tobacco, 57s 6d; 300,Mount Morgan (ord.), Bs. Sales on ’Change.—Unlisted stocks: 200 N.Z. Fisheries, 19s 3d. Sales Reported.—Listed stocks: 200 Wool Bonds, 1/2/49, 21s Id; 50 Bank of Australasia, £lO 14s; 100 New Zealand Insurance, £5 6s; 500 N.Z. Guarantee Corporation, 5s 3d; 200 N.Z. Refrigerating (10s paid) (late sale Thursday), 17s 7d; 320 Auckland Gas (fully paid), 7s 4d; 200 New Zealand Breweries, 56s 6d; 100 Dominion Fertiliser (ex div.), 27s 7Jd; 100 New Zealand Newspapers, 46s 6d; 50 Otago Daily Times, 545; 300 Wm. Cable (ord.), 40s 9d; 100 -Wm. Cable (ord.), 40s 9d; 200 Wm. Cable (ord.), 41s; .100 Mount Lyell, 24s sd; 110 North Karlurlie (1912), 255; 50 Waitaki Freezing, £8 10s. ' Sales Reported.—Unlisted stocks: 300 N.Z. Fisheries (late sale Thursday), 19s 3d. LATEST QUOTATIONS N.Z. Govt. Debentures: 2 J per cent. Inscr., 15/9/47, b. £100; 2J per cent. Inscr., 15/5/48. b. £99 10s; 2J per cent. Inscr., 15/6/57-49, b. £99 ss; 2J per cent. Inscr., 15/2/49-50, b. £99 10s; 2i per cent. Inscr., 15/4/49-51, b. £9B 7s 6d; 2J per cent. Inscr., 15/4/50-51, b. £97 10s; 3 per cent. Inscr., 1/8/51-54, b. £lOO 15s; 3 per cent, inscr., 15/5/53-56, b. £99 17s 6d; 3 per cent. Inscr., 15/12/53-56, b. £99 15s, s. £99 17s 6d; per cent. Inscr., 15/2/55-58, b. £lOO 7s 6d; 3 per cent. Inscr., 15/4/56-59, b. £99 15s; s. £100; 3 per cent. Inscr., 15/11/57-60, 3. £100; 3 per cent. Inscr., 15/4/60-63, b. £99 10s; 3J per cent. Iriscr., 15/1/53-57, b. £lO3 17s 6d; 4 per cent. Inscr., 31/5/54-58, s. £107; Liberty Bonds, b. £1 Is 8d; Wool Bonds, 1/2/48, b. £1 Is 8d; Wool Bonds. 1/2/49, b. £1 Is- Id. Banks: Australasia, b. £lO 10s; Comm, of Aust., b. £1 2s 3d; Comm, of Sydney, b. £23 7s 6d; E„ S., and A., s. £6; National of A’asia. (£5 paid), b. £7 8s; National of N.Z., b. £3 3s; New South Wales, s. £39 ss; Union (cum div.), s. £9 16s. Insurance: New Zealand, b. £5 ss; South British, s. £4 10s 9d. Loan and Agency: W.F.C.A. (pref.), b. 18s; C.F.C.A. (ord.), b. £1 3s, s. £1 5s 6d; C.FIC.A. (pref.), b. £2 13s; Dalgety, b. £9 10s, s. £9 12s 6d; Goldsbrough, Mort, s. £1 14s; Invincible Building, b. £5 10s; Mutual Benefit, b. £l9 10s; National Mortgage A, b. £4; National Mortgage B, 0. £2 3s; N.Z. and River Plate, b. £1 is 9d; N.Z. Farmers’ Co-op., b. £1 13s; N.Z. Farmers’ Co-op. (B pref.), b. £4 2s, s. £4 ss; N.Z. Farmers’ Co-op. (4J per cent. Metropolitan), b, £lB, s. £25; N.Z. Guarantee Corpn., b. 5s Id, s. 5s 4d; N.Z. Loan and Merc, (ord.), s. £B5; N.Z. Loan and Merc, (pref.), b. £10; Permanent Investment, b. £ll 10s; United Building, s. £1 6s 6d: Wright. Stephenson, b. £1 10s; Wellington Trust Loan, b. £4 6s. Frozen Meat: Canterbury, s. £l6 2s 6d; Gear, b. £1 10s; N.Z. Refrig. (£1 paid), b. £1 14s 3d; North Canterbury (pref.), b. £1 3s 9d; Southland, b. £3 3s; Waitaki, b. £8 7s 6d, s. £9. Woollens: Bruce, (pref.), b. £1 Ils, s. £1 12s 6d; Bruce (pref.), b. £2 0s 9d; Felt and Textiles, b. £2 6s 6d; Kaiapoi (17s paid), b. £1 6s 6d; Felt and Textiles of N.Z., b. £2 Ils 6d, s. £2 12s; Oamaru, s. £1 14s; Timaru, b. £1 4s 9d, s. £1 5s 6d. Coal: Kaitangata, s. £1 ss; Westport, s. £1 ss. Gas: Christchurch, s. £1 7s 9d; Christchurch (10s paid), b. 13s, s. 13s 6d; Timaru, b. 14s, s. 15s; Wellington, b. £1 15s 3d. Breweries: Bailing, b. £1 9s; Dominion (ex div. and bonus), b. £3 ss; New Zealand, b. £2 16s; Queensland, b. £1 10s 6d: Swan, b. £1 10s; Tooheys. s. £1 18s 6d; Tooths, b. £3 8s 6d; Westland, -b. £2« Tui. b. £2 5s 3d. MisceHaneous: Aust C. 1., b. £3 2s, s. £3 4s; Aust. Found. Invest., b. 6s 2d, s. 6s 4d; Beath and Co., s. £2 Is 6d; Beath and Co. (Is paid), b. Ils 6d; Beath and Co. (pref.), s. £1 12s 6d; Beriei (N.Z.), b. £5 15s; Booth, Macdonald, s. 2s 2d; Booth. Macdonald (pref.), s. 12s; British Tobacco, b. £2 17s 3d; Broken Hill Pty., b. £2 Us 9d, s. £2 12s; Canterbury Roller Flour, b. 15s 3d; Colonial Sugar, s. £6O; Consolidated Brick, b. Ils 4d, s. 12s; Dental and Medical, b. £l, 9s 6d; Dominion Fertiliser, b. £1 7s 7d; Donaghy Rope, b. £3 10s; DJ.C. (10s paid), b. £1 6s 6d; D.I.C. (pref.), b. £1 9s; Dunlop Rubber, s. £1 15s; Electro. Zinc (ord.), b. £3 7s 6d; Electro. Zinc (pref.), b. £3 9s, s. £3 10s; Farmers’ Trading, s. £1 12s 6d; Fletcher Holdings,, s. £1 19s 6d; Frozen Products, b. £1 3s 6d; General Industries, b, £1 7s 3d; G. J. Coles, b. £4 9s; Gordon and Gotch, b. £4 10s; Herald and Weekly, b. £3 15s; Hadr fields, s. 14s 6d; Hay’s, Ltd. (15s paid), s. £3 Is; Henry Jones, s. £3 2s 6d; Howard Smith, s. £1 6s 6d; Hume Pipe (Aust.), b. £1 3s 6d; K.D.V. Boxes, b. 12s 6d; Mason, Struthers (14s paid), b. Ils 9d. Meggitts, b. £9l 16s; Metters (N.Z.), b. £1 6s; Milburn Lfcne, b. £1 15s 3d, s. £1 15s 7d: MiHaquin Sugar, s. £3 2s; Macduffs, b. £1 ss; Macduffs (pref.), b. £1 8s; McKenzies, b. £3 4s; Nev/ Colosseum, b. £2 ss; N.Z. Forest Products, s. 6S; N.Z. Forest Products (pref.), s. 9s 4d; N.Z. Newspapers, b. £2 6s 6d; N.Z. Paper Mills, b. £2 Is; Niven and Co., b. £1 8s 6d; Otago Daily Times, s. £2 14s; Quill, Morris (1936), b. £1 14s 3d; Radio (1936), s. £1 3s 6d; Reid Rubber, b. £1 14s 9d, s. £1 15s 6d; Reid Rubber (10s paid), b. £1 4s; Selfridges, b. £2 2s 6d; Silknit, b. £1 13s, s. £1 14s 6d; Taranaki Oilfields, b. 2s; Taringamutu Timber (ex div.), b. 18s 6d. s. £1; TaupoTotara, b. Ils 2d: United Provisions, b. £1 5s 3d; Union Theatre (pref.), s. £1 15s 6d; Zealandia Soap, b. 17s Id; Wm. Cable (pref.), s. £2 0s 9d; Wilson’s Cement, b. 18s lid; Woolworths (ord.), s. £1 9s 8d; Wm. Cable (ord.), s. £2 3s 9d; Woolworths (N.Z.) (ord.), s. £1 9s 6d; Woolworths (W.A), b. £5 15s, s. £6; W. R. Carpenter, b. £2 8s; W. R. Cooke and Son, b. 13s 3d.

Overseas Listings; Wool worths (South Africa), b. £2 6s, s. £2 9s 6d.

Australian Mining: Emperor: s. 19s 6d; Mount Lyell, b. £1 4s 3d, s. £1 4s 6d; Mount Morgan, s. 8s 2d; North Broken Hill, b. £3 7s 6d; Placer Development, b. £6 ss; Rawang Tin, b. 10s Id; Wellington Alluvials, b. ss.

Mining: Arahura (deferred), s. £1 12s 8d; Associated Gold, b. 2s, s. 3s; Austral (N.Z.), b. 12s, s. 13s; Barrytown, b. 15s: Barrytown (deferred), s. lid; Grey River, s. Ils; Kanieri, s. £1 4s; Martha, s. 8s 2d; Ngahere, b. Us. s. 12s 6d; Ngahere (deferred). b. 6s lOd, s. 7s 6d; N.Z. Crown Mines, b. Is lOd; Slab Hut. b. 2s; Snowy River, b. 6s lOd; Waihi, s. Bs. Unofficial List: Avon Metal, b. 12s 6d; Amalgamated Batteries, b. 20s; Amalgamated Batteries (pref.), b. 20s; Avon Metal (pref.), 5. 15s 6d; Aust. Invest. Trust, b. 13s. s. 13s 9d; Ass. Mot. Pet. (pref.), b. 345; Aust. Mot. Petrol, b. 27s 6d; Blackball Creek, b. 2d; Coulls, Somb - 25s 6 d: Harley Chambers, b. 26 s; Mackintosh, Caley Phoenix, b. 38s Caley. Phoenix (15s paid). ?’ A 4s i Provid ent Life, s. 32s 6d; (def * rred >- „ b lld; Prudential P ul J dl „§' ~_21 s ’ s. 255: Pacific Forests N Z .Fisheries, b. 18s M. s. 19s s' ? ee ?. e, , L,d / (prM >- *>• 6s 6d. s. Is 9d, Scales C (pref.), b. 4s. s. ss; St Elmo courts (pref.) b. 19s 6d: Selfridges (ran I b. 14s: Selfridges (W. Aust.), b. 22s 9dTaramakau (6s paid), b. 8s 9d. s. 7s: Turn: M-’vio? l° n S' ( ? Os pald) ' b - 19s. s. 19s PapeY b “ anslops . b - 21s: Whakatane

AUCKLAND <X e ?)7l‘r2s ?tl2 P / e 5 r 3 per cent. (£1400). £99 «s:'StoJk( 15/2/55? 1?/4%R Vo V nt - (£ 161“). £lOO 10s; Stock rt/J/wi?’ pe cent (£200). £100; Stock 6d, Auckland Harbour Board 10/6/59 41 Per eent (£400), £llO l S s; National Bank taSce e F7s?‘’ £i°°2- 63s i New Zeal “ d K™Sk 3 i 3 4 8 d >: & zmT7 S a? r ?, dinß ,225 >- 22s 6d Eilctro Zinc (ord.) (100), 68s 6d: Fletcher WnMngs (100). 38s 6d; G. J. Coles (100) 88s MR Steel (pref •> U 00). 30s 6d anp fac tur ers (250). 9s 6d; Forest Products (1000), 5s 9d- Rpih SinS!’ , Reid Rubber (new F 34 *i. 6d: Wilson’s Cement (290) 18s- ?£ l iV? rt ? s (S y d ‘> ' 2o °)- 29s 8d ’ 9S ’ 45^ nlisted ~ Ross and Glendining (200), WELLINGTON Sales.—Late Thursday: 200 Auckland Gas, 7s 4d; 138 Kauri Timber. £1 Hs- 200 N.Z. Breweries. £2 16s 6d; 10 an ga V rt 17s 6d: 100 G J Bs 9d; io Fletcher Holdings, £1 i a f 4 fi( ? Woolworths Properties, ex div., £ 1 ru, Sn’. ( n r n ld *y : WO Macduffs. Ltd. (ordJ £i S: «S° cent st ock, 15/5/53-56. £M tSn o Pef Cent Stock 15/12/53-56 £99 3W 3X°npJ? Cr °? nt « St w Ck ’ 1 5 /V6O-M 'sioo 9 ion per Stock. 15/1/53-57 193 Commercial Bank, £1 2s 8d- mo N.Z. Guarantee, 5s 3d; 100 South Insurance, £4 i Os 6d; 126 NZ pEES? Cemeni. IS S ’ me ' £2 100 Wiffi List.—lsoo N . Z , Fisheries. 19s . .DUNEDIN (oFd ) (IM) Ms’9d g - e N? et ?. her Holdings <Ord >

(50), 50s 3d; D.I.C. (ord.) (late) (100), 26s 6d; Turnbull and Jones (unlisted) (100), j 19s 8d; Otago Farmers’ Co-op. (ord.) (966, ' 185, 100), 2s 7.d; Auckland Gas (200), 7s, 4d; Ross and Glendining, unlisted (100), 455. CUSTOMS RETURNS CHRISTCHURCH FIGURES Revenue collected by the Customs De- - partment in Christchurch during June amounted to £333,446, compared with £289,219 for the corresponding month last year. For the first quarter of the financial year the amount collected was £1,116.506, compared with £908,587 for the first three months last year. The total for June is made up as follows, the figures for June. 1945. being given in parenthesis: Customs duties, £126,557 (£85.238); beer duty, £34.317 (£36.723); petrol duty, £21,177 (£15,315); tyre duty. £209 (nil); sales tax, £148,758 (£750,695); light dues. £592 (£877); export levies: wool, £1674 (£251); hides, £lOl (£66); miscellaneous, £6l (£54). For the first three months of the financial year, the figures, with those for last year in parenthesis, are:—customs duties, £357,892 (£268,932); beer duty. £131,352 (£129,216); petrol duty, £06.7Q2 (£48.099); tyre duty, £284 (nil); sales tax. £552,305 (£457.841); light dues. £1754 (£1695); export levies: wool, £5158 (£719); hides. £790 (£1234); miscellaneous, £269 (£779). Customs revenue in Auckland in June totalled £898,414, an increase of £156,773 over the figure for June last year. Increases were shown in all items except sales tax, the greatest relative increase being in tyre duty. In June thfe duty totalled £7olrcompared with £1 last June, and brought the total for the six-monthly period to £7584, compared with £64 for the corresponding period in 1945. Over all, the total for the first six months was £5,727.875, an Increase of £1,251,291. Collections in June were as follows, figures for June, 1945, being given in parenthesis:—customs. £376.714 (£226,818): motor-spirit, £62,518 (£51,776); tyre duty, £7Ol (£1); excise on beer, £71.361 (£61,883); sales tax. £387,120 (£401.163). Revenue for six months, with last year’s corresponding figures in /parenthesis:— customs. £2.121.531 (£1,515,840); motorspirit, £397,575 (£301.508); tyre duty, £7584 (£64); excise on beer. £457.902 (£388,296); sales tax, £2,743,283 (£2,270,876). COMPANY NEWS Korma the offer of 125,000 5 per cent, cumulative preference shares in Konma Textiles (N.Z.), Ltd., the directors announce that, before the closing of the list on Monday, applications were received from nearly 4000 persons for more than 1,000.000 shares. Difficulties , of allotment in these circumstances are being met, as far as practicable, by the allotment pro rata to applicants for 250 shares and over with a maximum allotment of 500 shares. Applicants for shares in the 50 to 200 group will be balloted for on the basis of an allotment of 50 shares to everv successful applicant.— (P.S.S.) Peters Ice Cream.—Peters Ice Cream Company (N.Z ), Ltd!, have reported a net profit of £3411 for the year ended April 30. against £2551 the previous year. The directors recommend the addition of a victory bonus of 4 per cent to the usual 6 per cent, dividend, making 10 per cent, for the year, against 6 6er cent, previously. The dividend and onus absorb £2500, leaving £3112 to carry forward, against £2201 brought in.—(P.S.S.) Beriei (N.Z.), Ltd.—The directors of Beriei (N.Z.), Ltd., propose an unchanged interim dividend of Is 6d a share, payable on July 4.—(P.5.5.) Kelburn and Karori Tramway Co.— The directors have declared an interim dividend of 2} per cent, on bcth preference and ordinary shares, payable on July 9 in each case. The dividend is subject to a deduction of 2s in the £ for social security and national security taxes. TTM books are not doeinff,—{P.S.S.)