Commercial

Southland Times, Issue 24840, 4 September 1942, Page 2

Commercial

WINTON STOCK SALE At the Winton stock sale yesterday the yarding consisted mostly of ewe hoggets, which sold readily. A line of Romneys fetched the top price of 40/6. Others sold from 33/- to 38/-, with culls down to 30/-. Full and falling-mouth ewes fetched 33/1, There was a large yarding of dairy cows. Those with butterfat backing sold readily at from £9 to £l2. Untested cows were harder to quit, prices ranging from £5 to £7, with culls down to £2. MILNE AND CHOYCE, LTD. (P.A.) AUCKLAND, September 3. Milne and Choyce, Ltd., made a net profit of £18,948, compared with £48,551 last year, after providing £51,650 for taxation and £6693 for depreciation. The preference dividends proposed are unchanged, but the rate on ordinary shares and perpetual debenture stock has been raised from 5 to 6 per cent. STOCK "EXCHANGES CHRISTCHURCH.—SaIes on ’Change: New Zealand Government 3’,4 p.c. Stock 1957-60 £102; New Zealand Government 3‘/a p.c. Stock 1953-57 £103; National Bank of New Zealand £2/3/6; Booth Macdonald (pref.) 7/-. Sales reported: National Mortgage "A” (late Wednesday) £l/18/6; British Tobacco (cum div.) £2. WELLINGTON.—SaIes: Union Bank £7; McDuffs (pref.) 17/9. AUCKLAND.—SaIes: Bank of New South Wales £29; Bank of New Zealand £l/19/6 (2); Union Bank £7; South British £3/2/6; Dominion Investment 19/5 (2); Pukemiro 17/3 (odd lot); A.C.I. £2/7/3; Colonial Sugar £49, £5O; Consolidated Brick 7/-; New Zealand Newspapers £l/13/-: Wilson’s Cement 17/2; Woolworths (Sydney) 15/10; Woolworths (N.Z.) 14/8; Martha 8/6; Timaru Woollen 17/6; British Tobacco £2. DUNEDIN.—SaIes reported: National Mortgage £l/18/6; New Zealand Refrigerating (cont.) 9/6; National Bank of New Zealand £2/3/-; McLeod Bros. £25; Mount Lyell £1 6/6; New Zealand Drug £3/16/6.