COMMERCIAL

Evening Post, Volume CXXXVI, Issue 55, 2 September 1943, Page 3

COMMERCIAL

JSHARE MARKET P.A. AUCKLAND, This Dayi.' Sales.—Bank of New Zealand; 42s 3d; Union

Bank, £7 13s 6d; Tauplri Coal ~ (pref.);'v*26s:£H 6d; 'Bond's Hosiery, 88s 6d; McKenzie's,; 47si£=y 6d; M.K. Manufacturers, 7s ;iWoblwprths: (N^if Zealand) i 16s sd; Third Liberty > Loan, S "per ;gr cent. (1953-56), £98... Unofficial.—-AucklandJ.^-i Farmers'" Freezing,24s.;.- -i';-:~..■■'•••'"—/Vl.-^.^K^SS .■■■■ ,■.-: 'SYpNEY-;SHARE-MARKET;, T ;;:^;;ijKs% (By Telegraph^-Preas ; Assrcia^on^Copyrigfctl' - " f SYDNKY; September l« - There were but few sellers on the StooklSrctiange todays and >the' volume: df business was - consequently -small. Sales were:—-Broken "Hill / Proprietary, 40s; British Tobacco (pref.), 32» 6d; Austral Gas A, £5 10s; Tooth's" Brewery, - 565; Anthony ; Hordem, ; 19s; Farmers,'; 2Bsj; Sulphide Corporation, 8s 6d; New Guinea Gold* 2s; Queensland Insurance, 52s 6d; Meggitt% 31s 6d v ■ ■'■ ■■••' ::'•'■•.;■•- '.-,> .:-:\ir. r : .LIVESTOCK MARKETS. ' ' P.A. CHRISTCHURCH, September' U Entries of fat sheep and cattle were of/nor-' mal size at Aldington today, and another good sale was recorded in both sections, 'cattle showing a: further rise. '■, There was only a : - small yarding of store sheep,, and'with the improvement in the weather there was a strong demand for all classes. Fat sheep quality" was; : good throughout, specially in the case of the sheep from the southern districts. Competition was keen from, the outset. Best price for ewes was 43s Id, which ranged from 39s lOd to that figure. The highest prices for wethers was 53s Id. The first'shorn wethers sold at 30s lOd to 33s Id. ; : The entry of fat cattle was smaller than usual, comprising 426 head, against 534 last week. The dearest market of the year was recorded, the advance on last week's prices being up to 35s a head for specially choice beef. Quite- a proportion/of this made up to 60s per 1001b. Good beef made from 53s to 575, • ordinary 355. WANGANUI, September 1. Freeman K. Jackson and Co. report fat sheep rates firm on last week. Store sheep had llttl* inquiry. In the fat cattle section only exdairy cows and heifers were yarded. They met a keen sale at rates in advance: of last week. Nothing approaching prime quality wa* yarded. The store cattle were confined to boner cows. Porkers were at late rates with a keen sale for good weaners. Sheep: Fat wethers, 36s to 43s 9d; prime heavy ewes, 28s 6d to 31s lOd; average,; 25s to 27s \6d; prime hoggets, 30s to 35s 6d; average, 24s to 275; light, to 21s 6d; medium ewe hoggets, 16s to 21s. Cattle: Light fat Jersey.xows, £7 15s to £9 2s 6d; killable. £5 to £7; boner cows, £2 5s to: £4 las; springing;.-.heifers, clos« up. £5 15s to £7 10s; backwardand floor, £3 10s to £5. J STOCK EXCHANGE. The morning call of the Wellington Stock Exchange was adjourned today owing to .»• death of Mrs. Sclanders, wife of Mr. \A. it. Sclanders, who is a member of the commute* of the Stock Exchange; . Sales made today: £410 4 ■ per cent. ,Stock, 1943-46, £100 7s 6d. Sales made after going to press yesterday: 100 New, Zealand Insurance; £4 6s; lOO^Auckland Gas, 3%^ per cent. Perp. Deb., £86 10s; 200 Woolworths (N.Z.) r , Ltd., 16s 5d." . ' DROP IN BANK DEPOSITS. A" drop in the total bank deposits from th« record amount of £111,155,777 in May last to £109 335,263 in June following is presumed by the Government Statistician to be due to subscriptions to the Third Liberty Loan.. Tho whole of this decrease was in current accounts, there being a slight rise In the average ot Government deposits. Advances by the trading banks also slightly contracted. For-the first time since May, 1940, withdrawals from th» Post Office Savings Bank exceeded dfPOstt 3 ' the difference amounting to £1,625,674, and withdrawals from trustee savings banks also exceeded the^deposits during June.. The Got- , ernment Statistician states that the heavy withdrawals.from savings banks during June were no doubt due to the transfer of funds trnatfonaHavings accounts and the Purchase of savings bonds in connection with the Third Liberty Loan of £35,000,000 for war purposes/ and the deposits in national.savings accounts rose from £394,664 in May last to £2,981,175 in June, and £822,504 went into national savings bonds in: June., compared;,with £75,980 during May. v KAIAPOI WOOLLEN YEAR. Directors of Kaiapoi WooUen Manufactoin* Co., Ltd.,. report for the year ended. July.l 9. net profit £26,599, compared with £19;505 last year, after providing £70,000 for taxation and writing-off depreciation (£30,000). and carrying forward from 1942 the sum of £7846. The available balance is £34,445, which the directors recommend should be dealt with as follows:— Dividend 5 per cent, and bonus 1 per cent. on. preference shares, £3911 Ss lid; dividend of 5 ncr cent, and bonus 1. per cent, on ordinary shares, £14,538 lls Id; add general reserve. £5000; carry forward, £10,594 lls 8d; m all. £34 448 lls B,d. Buildings and plant iwere well maintained during the year, but as a considerable portion of the plant was engaged m heavier work than it was principally designed for ade-* ovate provision for depreciation was necessary. The two mill plants haying been working extended hours, on work for the Armed. Forces, need for more skilled, labour—especially female labour—is stressed. Stocks at £223 125 were lower by £17,561 than last year. Taxation amounted to £66,849. Messrs. Deny* Hoare.and; A.; Er Ramsden, directors, offer themselves1 for ie-electl6n. : u~. "■'■'.- -. ■

Bantouptcies for six months ended June last numbered twenty-seven for the whole or tne Dominion, compared with forty-nine for the corresponding period of last year.