FINANCE & COMMERCE

Dominion, Volume 36, Issue 39, 10 November 1942, Page 6

FINANCE & COMMERCE

OVERSEAS TRADE Exports Increase; Big Favourable Balance

A substantial increase In exports and a slight decrease in Imports are shown in tlie overseas trade figures for September, released yesterday by the Customs Department. For the. nine months -of the current vcitr exports ace at a record hign level, while Imports show a moderate Increase, resulting in an exceptionally lilgh favourable trade balance ot- over £.0,000,000. Exports during September totalled £»,- 480,000, compared with £7,806.0«) In September. 1041, an Increase of £1,683,000. Imports for the month amounted to £4,11-0.-000. against £8,104.000 in September, 1041, a decrease .ot £238,000. The favourable trade balance for the month was £4,St>3,000, compared with £2.612,000 in SeptembCThe fol’ldwlug Is a comparison of exports and imports for September in the last Ave years:- Excess of

♦Excess of imports. For the first nine months of this year exports were valued at £67,313,000, compared with £52.273,000 in lite corresponding periml of 1941. an increase of £lm--010,000. Imports in the same P cr j" ll amounted to .£38.253.90t1. against £3.>.fi-'O.-009 in the nine months of 1911. an Increase of £2,1133,000. The excess of exports for the periml was £29,0311.000. compared with £16.623,090 for the same period or 1911, an- Inerenso of £12.107.000. Export ami Import values for the first nine months of the past five years compare

Dealings In stocks anil shares recorded on New Zealand Slock Exchanges yesterday were ns follows, the number of shares in each lot being shown in lite ease ot

AUCKLAND. War Loan, 1/10/53, £93; luscr. Stock, 4 ncr cent., 1954-58, £lOB/5/-; Auckland Gas, perp, debs., £B9: South British Insurance, £3/3/9: Auckland Gas, con., 3/_: Broken Hill Pty., ,£ 1/18/6; Colonial Sugar, £5l/10/-: Woolworths (Syd.). (-1, 15/10- iclnperor Mines, 11/-; Mt. Morgan, 8/(1. ’ Unofficial list: Farmers' Freezing, £l/2/ ': ciikISTCHUKCII. Westport Stockton Coni, pref., 8/8; N.Z. Breweries. £l/15/-; Swan Brewery, £1 11/1; Broken HUI i’ty. < :i >- n ’ Woolworths (Syd.), (3), 10/O, l.i/ilO, Woolworths Holdings (South Africa), *l9/J. . , ♦Late sale Friday. HUNEDIN. luser Stock. 3 per cent.. 1U52-55. £99/7/6; ditto 4 percent., 1054-SS. £108: broken Hill Pty *£l/18/-; Mt. Lyell, £l/IS/-. ♦Late sale Friday. Dividends Declared The Tai Brewery. Ltd., has declared a dividend of ml. a share, payable ou .November 25/ Transfer books will be closed from November 12 till November 20. 'Phe Timaru Worsted and Woollen Co., Ltd., has declared a dividend of 5 per cent., pavable on December 3. J.ransfer books will close from November 25 to December 9. Nestles Higher Profit \fter providing &392,61 u for taxation U 257.100 in 19-10-41, and £52,400 (uucliangc(i) fop depreciation, Nestle and Anglo-Swiss Condensed Milk Co. (A asm.l, Lid shows a profit uf £223.937 for I lie year to J uno 2-1, against £215,710 in I lie previous year. Preference dividends of 8 per cent, ‘absorb £SO,WKI. and ordinnry dlvlilends of 12 per cent, (tinelinngetl) £120,000. making a total of £200.0011. I lie earrv forward is Increased from £10.760 to £ll3 j 96. Pukekohe Produce Dominion Special SERVicti. PUKEKOHE, November 9. The demand is still readily absorbing the supply of new potatoes from i’tikekolie and tlie ceiling price remains nt Inst, week’s level. 27/9 per cwt. Caullllowers are now at 15/0 a Chapman bag and cabbages have increased to 13/-. Nothing is offering in other vegetables.

RURAL LAND FOR SALE Appears On Page 2.

Exports Imports exports September 1042 ...... £ (N.Z.) 9,489,900 £(N.Z.) £(N.Z.) 4.926,000 4.503,<100 1941 7.800,000 5,164,000 2,612,000 j<M0 3,103,000 4,257,000 *1,064,000 1930 2.997,OCX) 3.684.000 * 687,000 1938 3,184,000 4.821,000 *1,637,000

as follows: Excess of 1) Hl os. to Exports Imports exports. Sept-. 30. £IN.Z.) CI.N.Z.) «IN.Z.> 1012 . 67.313,ooo 38,283,ooo 20,030.000 11) it 5° ,273,000 35.650,000 16,623,000 jbio. ... ' 57,438.1100 38,308,000 10,130,000 1030 ... .. 47.476.0I1O 40.124.000 7.352.000 W3S ... .. 48.007.000 41,604,000 6.403.000 All value s. which are expressed in New Zealand cu rreney, are for commodities only, speck being excluded. Stock Exchange Sales

Wellington : — WELLINGTON. No. of Sale price. shares. 100 N.Z. Breweries £ S. . 1 14 U. 3 150 Macdnffs, Ltd., pref. ... 0 18 0