FINANCE & COMMERCE

Dominion, Volume 35, Issue 287, 2 September 1942, Page 8

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:—

Stock Exchange Sales

Dealings in' stocks and shares recorded on New Zealand Stock Exchanges yesterdav were as follows, the number of shares in each . lot being shown- in the ease of Wellington:— WELLINGTON.

Auckland Gas, perp, deb., £80; Com£3/12% ( Baik of “nl. &W 1 Villi 14 /« 14 /0: W oolwor th s (S j d ney ), -n u pref £l/6/9; Arahura, Hill South, £l/2/6; Auckland Meat, £1 11/-;. Southern Cross Investments, J, CHRISTCHURCH.

trios (lato 1 sale yesterday),. £2/6/3, tralian Consolidated (”); Colonial Sugar, £4B/lp/-, Donaghy b Rope, £2/8/-. I)UNEDINi

G. J. Coles, S2/HA; N.Z. Newspapers, £l/12/9; Woolworths (N.Z.), WS-, N.-o. llefrlg C’ont.- (2), 9/0; Donagliy’s Rope, £~ 8/-; Mount Lyell. £l/6/3; (ord.), £l/4/3; North Broken H R, £2/4/6, Macintosh, Caley, Phoenix, 16/9.

WOOL IN DEMAND American War Orders

. When orders for fabrics for the United States forces were first issued in this " ar » the contracts stipulated the exclusive us of domestic wools. The expanded to such an extent that it became necessary, to utilize imported raw mgterlaL In recent orders- for 50,000,0w jarus oi woollens and. worsteds from the American mills, the contracts -provided for the use of 50 per cent, each of domestic .and imported wool. Consumption is proceeding in America on a very, high' level. Over ‘90,000,0001 b. has been consumed in JL m ° n , ' the equivalent of more than 500,000 baies. If that rate of turnover is maintained,, the quantity used in- 1942 will eV- ee V?/Jif cord figures established in 1941. The, difference in activity is that the larger part of the output in 1941 was for civilian purposes; now it is for Government orders. Wool for civilian needs is rationed r Although prices, for wool in the United States are above the reduced levels -prevailing in June, they are still considerably below the higher figures recorded in tlie earlier months of this year. Supplies or the raw material are not short in the States.N.Z. Farmers’ Co-op. (By Telegraph—Press Association.) CHRISTCHURCH, September l/‘ The accounts of the New Zealand Farmers’ Co-operative Association of Canterbury,‘Ltd., for the year ended ’July 31, show a net profit of £64.281. Tlie directors. recommend that dividends'be paid at the same rates as last year. per cent, on first preference shares, 4, per cent.) on A preference and B preference shares, and 2 percent, oh the paid-up capital of ordinary sharia. Woolworths (N.Z.) Dividend In a cable received by- the Stock Exchange Association of New-' Zealand from Sydney, Woolworths (N.Z.), Ltd., advise that a dividend of -4* per cent, for the halfyear ended .September 30, subject to deduction of Social Security tax at the rate of 1/- in the £ and National Security tax at the rate of 1/6 in the £ (2/6 in the £), has been declared on the paid-up i) per cent, preference, share capital of tlie companv, based on shareholdings as at September 30, and will be payable on October 15. Tlie preference share transfer books of the company will be closed from September 18 to September 30 inclusive. Hume Pipe Profits The Hume Pipe Company of Australia, Limited, announces a net profit of £22,549 after providing for taxation. £211.000. At the animal meeting on October 5 tlie directors will recommend the payment of a final dividend on preference shares of 3} per cent., making 7i per cent, for the year, and a dividend on ordinary shares for tlie 12 months of 2} per cent. Australian Foundation Co. Tlie directors-of the Australian Foundation Co. have recommended'lhe payment of a dividend of 4 per ecut., subject to audit, payable on September 28. The annual meeting will be held on September 28. Transfer books will be closed from September 15 t.o September 28 inclusive. Closing Of Transfer Books Transfer books and registers of members of Australian Paper Manufactures Ltd. will be closed from September 16 to 30, both dates inclusive, for tlie purpose of determining tlie shareholders entitled to receive dividends. Transfer books and the register of members of the Dunlop Rubber (Australia), Ltd., will be closed from September 8 to 25, both days .inclusive. Gold Mining The Associated Gold Dredges of New Zealand, Ltd., return fol tlie week ended August 29 is 102joz, of gold from 71,600 yards of material.

N.Z, GOVERNMENT LOANS. Buyers. Sellers. £ s. d. £ s. d. 2* p.e., 1/8/46 1) 1 12 6 24 p.e., 15/0/47 ...... 97 15 0 —— 3 p.e., 15/7/1943 15 0 —— 3 p.e., 15/9/46-48 .... 99 15 0 — 3 p.e., 15/9/52-55 .... —- 99 10 0 31 p.e., 15/1/56-59 .... 100 0 0 — . 3 J p.C., 15/9/57-60 .... 102 0 0 —— 3j p.e., 15/1/53-57 .... 102 5 0 —— 4 p.e., 15/2/43-46 .... 100 0 0 — •1 p.e., 30/11/11)48 .... 104 10 0 — 4 p.e., 15/(5/52-55 — 107 5 0 4 p.e., 31/5/54-58 .107 5 0 —— 4 p.e., 15/2/43-46 .... 100 0 0 •— 4 p.e., 15/4/46-49 .... 104 5 0 —— 4 p.e., 15/6/52-55 .... 106 15 0 — .War Loan, .1953 .... 91 5 0 — Liberty Bonds ....... 0 17 9 — MIS CELL A NEOUS. Nat. Bk. A/asia., £10 11 1 0 — Bank N.S.W. — 29 10 0 Bank New Zealand .. 1 19 0 — Ditto, D Mort 1 9 9 — ■■ 7 5 0 N.Z. Guarantee Corp. 0 2 11 — 0 Wgtn. Inv., T. & A. 0 6 0 — Wright, Stephenson . 0 19 0 -— N.Z. Invest., Mortgage 0 8 9 Auckland Gas — 0 6 8 Christchurch Gas .... 1 2 o — Wellington Gas, ord. . 1 8 6 —— 1 2 0 — 3 10 0 South British 3 1 0 — 0 16 6 N.Z. Itefrig., £1 .... 1 1 0 — pif-fn 1(1/0 9 5 Wgtn. Meat Export . 0 8 3 — Union Steam, pref. .. 1 7 0 — Kelburn Tram, pref. . 1 0. 3 — Pukemiro Collieries .. 0 16 9 •—* 1 4 9 1 Bonds! Hosiery Mills 1 8 0 —- Bruce Woollen ....... 1 3 0 — Kaiapol Woollen .... 0 19 6 —— Oamaru Woollen .... 1 2 0 Prestige, pref 1 2 6 Timaru Woollen 0 18 3 Wellington Woollen .. 7 0 0 T” prof 7 2 6 ■■ Kauri Timber - 1 0 6 — N.Z. Breweries 1 13 0 Aust. Paper & Pulp . 1 lo O A.C.I 2 6 0 — Broken Hill Pty. .... —• 1 17 0 COnsol. Briek ...... 0 6'10 Booth McDonald ... 0 16 Ditto, pref. -a— 0 7 6 Dental and Medical > 0 15 6 . ■ — ■ Electro. Zinc, pref.* *. * 5 6. Grittin and Sons .... 0 13 1 9 9 I.C.L, pref. ......... Macduff8, pref. ...... 1 4 0 c0 18 6 ■ 1 19 3 Slack/ Logan •.. 1 3 0 N.Z. Drug Co. 15 0 N.Z. Newspapers ..... 1 12 0 — R: & E. Tlngey, pref. 1 2.0 Sharland and Co. 1 2 6 Taranaki. Oilfields - ... 0 6 0 Wm. Cable, pref Woolworths Ltd; ... 1 2. 6 c0 15 9 Woolworths (N.Z.) .. 0 14 5 Barrytown 0 9 0 Broken Hill South .. 1 1 3 Mti Lyell OVERSEAS LISTINGS. Woolworths Holdings. (South Afric'a) ... • c Cum dividend.

no. of sa nT Bh ooo Woolworths' (N.Z.), ord. 8 1310 Bi P.e. loser. Stir., 13/9/o<- m 1Q 1600 Bi p.c., ditto, • L 0 )? jo 800 4 p.e. ditto, lu/4/46-49. . 104 1V 0 0 0 Auckland.