STOCKS AND SHARES

Dominion, Volume 32, Issue 146, 16 March 1939, Page 12

STOCKS AND SHARES

Wellington Market Quiet REDUCED TURNOVER The Wellington share market was quieter yesterday than on Tuesday, with the turnover back to the recent low level. Banks were again in fair demand, as were Australian industrials. Following Tuesdays activity there were more sellers in the market, with buyers inclined to hold off. WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:—

Midland Trust And Loan Co. Dominion Special Service. PALMERSTON N., March 15. Improved earnings of £4OO oyer the previous year brought about by investing a percentage of their capital in more remunerative channels was reported to the annual meeting of shareholders of the Midland Trust, Loan and Deposit Company, held in Palmerston North last night. The chairman of directors, Mr. E. It. B. Holben, presided. The report stated that, generally speaking, the directors were able to report steady progress, which, however, had been offset by an increase in Government taxes. The total balance-sheet figures showed an increase of £lO,OOO, all of which was in liquid assets. u t i The directors recommend that the bala nee of £1790/10/- to the creidt of the profit and loss account be appropriated as follows Dividend at the rate of 5 per cent., free of income tax, to absorb £1750; to transfer to reserve fund £4O The retiring directors, Mr. E. R. B. Holben and Air. R. H. Spencer, were reelected. Mr. R. Davis was re-elected auditor. In moving the adoption of the report and balance-sheet the ehairman said that the directors were able to report a steady appreciation of values. Business in land, however, was restricted because of purchasers beiug'unable to secure possession on sale. Myer Emporium Ltd. In reporting an unchanged interim dividend of 3 per cent, on ordinary shares for the half-year ended January 31, the directors of Myer Emporium. Ltd.. Melbourne. state that the company has bad an exceedingly satisfactory half-year. They express the hope that when the lull profits for the year are ascertained, the final dividend will be at, the same rate, and that a bonus will be declared as has been the custom in the last few l years.

DEALINGS ON 'CHANGE

Business In New Zealand

YESTERDAY’S SALES

Dealings recorded on the New Zealand stock exchanges yesterday were as follows, the number of shares being shown iu respect of Wellington sales: —

N.Z. GOVT. LOANS. Buyers. £ s. d. Sellers. £ a. d. •31 p.c. laser. Stock, 15/9/1941-43 .... x98 0 0 —— •Ditto, 15/11/1941-52 . 99 12 6 •Ditto, 15/5/1941-52 .. 99 12 6 — Ditto, 15/1/1953-57 .. 91 7 6 —— 4 p.c. ditto, 15/2/ 12 1943-46 98 0 98 Ditto, 15/4/1946-49 .. 99 5 0 — 31 p.c. Bonds, 15/1/ 1953-57 91 7 6 — 4 p.c. ditto, 15/2/ 1943-46 98 Ditto, 15/4/1946-49 .. 99 5 0 0 99 15 0 her 4 p.c. .uptional maturity three rears oeiore Anal date. LOCAL BODIES’ PEBENTUBES. Auck. City, 4i P-c., 1/1/44-52 100 0 0 Ditto, 1/1/44-58 ... 100 0 0 — banks. Australasia c® 10 0 — Cotnrcl. of Aust., ord. 0 Ditto, pref 9 16 10 4 0 9 15 0 Comrcl. Banking Co., Sydney 20 10 0 — Ens„ Scot, and Aust. —— 9 t) b 0 National of N.Z 5 — New South Wales ... 29 lb 0 New Zealand , 1 18 7 1 18 11 Ditto, D. long term 1 6 0 Union of Aust & 0 8 6 0 FINANCIAL. 11 Equitable Bdg. Co. .. 0 Ditto, perp. deb. stk. 9 0 18 9 Goldsbrough, Mort .. — 1 10 0 Newton King, pref. - —— 0 8 0 N.Z. Guarantee Corp. —— 0 4 4 Wgtn. Invest., T. & A. —— 0 9 6 Wgtn. Trust, Loan .. 4 12 0 —— Wright. Stephenson, pref — 1 0 0 GAS. 9 6 Wellington, ord. ..... — 1 10 Ditto, pref •— 1 3 Timaru, paid — 0 14 6 INSURANCE. New Zealand 2 11 9 2 12 6 meat preserving. N.Z. Refrigerating, £1 — 0 16 Ditto, 10/- — 0 7 Southland — 1 8 6 Ditto, pref — I 1 8 TBANSTOBT. Huddart. Parker, ord. c2 14 3 — Union Steam, pref. .. 1 4 1 Kelburne Tram., ord. — 1 3 WOOLLEN Bond’s Hosiery Mills cl 0 9 1 1 Kaiapoi —— 1 Wellington, pref 5 0 0 COAL. Westport —- 1 0 0 timbeb. Kauri J 3 0 1 4 0 Leyland-O’Brien .... 0 16 0 3 Rotoiti Ditto, pref Taupo Totara, ord. .. v — 0 0 breweries. N.Z. Breweries Hi 9 — Tooth and Co 16 0 — MISCELLANEOUS. British Tobacco, Aust. 2 10 6 11 0 Broken Hill Pty 2.19 6 3 0 0 3 Ditto, contnb - 6 — 7 Claude Neon Lights (N.Z.) —— 1 0 b Consol. Brick & Pipe 0 8 4 0 8 10 Dunlop Perdriau .... —— cl i Electrolytic Zinc, 8 p.c. part pref c2 Farmers’ Trading ... 11 0 12 6 —— 0 19 U Felt and Textiles ... cl 12 9 3 6 G. J. Coles 3 19 3 4 0 Henry Jones Co-op. . 2 11 0 — 12 Howard Smith, ord. . cl 0 0 — I.C.I., Aust, and N.Z., pref — 1 3 10 Macduffs, ord —- 0 10 Ditto, pref — 0 8 0 McKenzie’s 1 19 6 Moturoa Oil — 0 •5 0 N.Z. Drug <*> o 0 Taranaki Oil 0 8 6 0 9 0 Wilsons (N.Z.) Cement 0 15 4 Woolworths Ltd., ord. cl 11 1 3 Woolworths (N.Z.), ord. 0 16 5 0 17 0 Berlei (N.Z.) — 5 R. & E. Tingey. pref. — 1 0 C. M. Banks, pref. .. —— 0 14 0 R. G. Kain, ord. ... — 0 15 0 Morts Dock — 0 15 0 Radio (1936) — 1 0 0 Woolworths CVict.), pref. : —• 1 10 9 MINING. Big Biver 18 3 0 0 1 18 1 8 Maori Gully... 0 Martha 0 7 0 0 0 12 8 0 Mossv Creek . — 0 1 Australian Mining Mount Morgan — 0 11 5 Ditto, pref — — North Broken Hill .. — Zinc Corp., ord. .... 4 18 c Cum dividend, x Ex c- o 0 5 4 dividend. 0 ■ Unofficial List Buyer Sellers. £*. a. d. £ s. (1. Woolworths Properties, pref 1 6 3 Corp, of Underwriters, 10/- paid ....... Wellington Publishing 4 10 0 Dominion Life Assur0 5 0

WELLINGTON. No. of shares. „ . . £ s. (1. 100—Dunlop Perdriau Rubber 1 11 550—Wilsons Cement ♦0 1.) 6 300—Woolworths Ltd., ord. (2) ♦1 3 1 106—Ditto ♦1 0 200—Bank of N.Z 1 18 100 —Wellington Gas 1 10 0 300—Tooth and Co. (2) .... - 16 o 300 —Burns, Philp and Co. . — 14 9 100—Myers Emporium, pref. 1 17 0 300 —Wilsons Cement 0 15 6 400—Woolworths Ltd., ord. (3) ♦Late sale Tuesday. 1 3 1 AUCKLAND. o d. laser. Stock, 4 p.e., 1943-46 . • Inscr. Stock, 4 p.e., 1952-55 .... 98 10 0 99 0 0 Inscr. Stock, 34 p.e., 1939-43 (2) 99 12 6 Auek. Harbour Bd., 4t p.e., IDoA 101 0 Nat. Bank of N.Z 6 6 Bank of New Zealand (2). 1 lb 9 N.Z. Insurance — 12 South British Insurance (2) .... o o Pukemiro Collieries 0 17 0 Auckland Gas, con. 0 11 0 Tatterslield 1 9 0 Aust. Consol. Industries, ex bonus 1 u Colonial Sugar 48 17 6 Dunlop Perdriau ♦1 1 11 Lewis Eady, pref v 0 14 0 Reid Rubber 1 4 1 8 6 0 9 Rawang Tin *0 2 o •Late sale Tuesday. CHRISTCHURCH. d. d. 19 6 Woolworths Ltd 1 0 Grey River 0 18 3 Sales reported:— Inscr. Stock, 34 p.e., 1940-43 .... 97 15 0 Inscr. Stock, 4 p.e., 1949-52 .... 99 10 0 Inscr. Stock, 4 p.e., 1946 (2) ... 98 12 6 Westport-Stockton Coal, ord. (odd parcel) u v British Tobacco (3) — 10 6 G. J. Coles (odd parcel) 3 19 9 DUNEDIN; d. d. I.C.I., pref •l 3 9 Govt. Bonds, 4 p.e., 1952-05 .... 99 u 0 Inscr. Stock, 4 p.e., 1949-52 .... 99 12 6 Nokomai 0 1 9 Bank of New Zealand 1 18 9 Union Steam, pref 1 4 6 N.Z. Refrig.. 10/- paid 0 6 9 Westport Coal al 0 9 * Late sale Tuesday, a Reported, after call.