FINANCE & COMMERCE

Dominion, Volume 36, Issue 23, 22 October 1942, Page 3

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations

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

Inscr Stock, 31 pic., 1053-57, £lO3/17/6; ditto, 4 p.c, 1949-52, £lO6/19/-; Comm. Bank of Aust., 14/8; Bank of N.Z. (3), Union Steam, pref., £l/8/-; Raiapoi Vi oollen, 18/9; Colonial Sugar (2), £o2/10/-, Broken 7 Hill Pty., £l/19/9; D.1.C., pref., £l/4/6; United Building (Auck.), £l, Sanford, pref., 18/9.

CHRISTCHURCH. Kaiapoi Woollen, 17/- paid 18/9; Broken Hill Pty. (3), £l/19/9; Colonial Sugar, £52 10 /'’ DUNEDIN.

Standard Insurance, £3/7/6; Colonial Sugar, £52/10/-; 1.C.1., pref., £l/4/6. London Stock Exchange

(By Telegraph. —Press Assn. —Copyright.) LONDON, October 29. On the Stock Exchange quotations of bank shares and other corporation debentures and stocks compare with, previous

Sydney Stock Exchange

(By Telegraph. —x-ress auu. — SYDNEY, October 20. Trading on the Stock Exchange today, though of moderate proportions, covered a r-'lrlv wide variety of stocks. Sales included: (Burns, Philp, 53/-; Colonial Sugar, £4B; Nat. Bank of Aust. (£u), to/11/b, Drug Houses,. 29/-; Cumberland laper, 28/-; Associated News, 9/9; Wilcox, Mofllin, 10/-; Howard Smith, 21/-: Greater ,T. D. Williams, ■ 0/-; Loloma Mine, 10/J, New Occidental, 8/11. Gold Milling The Blackball Creek return totalled 250 z. The Okarlto return was 14oz. 12dwt. for 8 “The Slab Hut dredge, for the week ended October 17. returned 360 z. for 1-1 hours from 8050 yards. The low-yardage was due to the turning of the dredge. Colonial Sugar Co. The Colonial Sugar Refining Co., Ltd., advisee that transfer books will be closeu October 22 to November 4, inclusive. Para Rubber Co. Profit Para Rubber Co., Ltd., reports for year ended April 30 a profit of £ubC9, wiilch with balance of £4OO brought forward, gives £6079 for disposal, out of which the. directors recommend a dividend of cent, (absorbing £2091), to set aside £oobo for taxes, and carry forward the balance of £4°B. Shareholders are to be asked to approve the company’s taking a IV per cent, interest in Rubber Reclaim, Ltd formed for manufacture of rubber Lorn scrap rubber. Jones Metal Co. At the annual meting of the Jones Metal Co., Ltd., Messrs. W. McLay Will Appleton, J. R. Kirk and T. A. Hunter were re-elected directors, Mr. Hunter being elected chairman. Southern Rabbitskin Sale Dominion Special Service. DUNEDIN, October 20. At today’s rabbitskin sale approximately 21 tons were offered. Owing to tailing on in quality combined with slackening in demand, overseas values a« compared wiiu previous auction rates were on the average Gd. to 30(1. lower. Following is the otficinl range of prices:—First ii'' n ’ e r ’ SGd. to 98d„ first winter does, 84d. to 104 U., second winter bucks. 72d. to 90d., first spotted winter bucks, GGd. to 8241., first spotted winter does, 72d. to 77d., outgoing winter buck 53(1. to 67(1., outgoing winter does, G3d. to 70(1., spring bucks, 30(1. to 4_ld., spring does, 40(1. to 501 d„ furrier does, did. to 82(1., stained does, 32d. to 3Gd.. milky docs 12d. to 24d., summers, 14. to led., winter broken, 28d. to 34(1., second ■"•lnter broken, 20d. to 24d., summer broken, l-’d. to 16(1., winter blacks, 66(1. to 72d., second winter blacks. -ISd. to (Mid., winter towns, 20d. to 28d., second winter fawns, 14(1. to 16d., hareskins, 12d. to 15d„ horsehair, to 29d. Henry Berry Profit Henry Berry and Co. (A’sia), Ltd., and its subsidiary companies made a profit or £26,375 for the year to June 30, against £20,838 for 1910-44. The profit is struck after .providing £20.889 for taxation, compared with £22,426 last year The Parent company's profit of £26,<>(>4 compares wilh £29,450. Preference dividend of' •> per cent, requires £24,270, leaving £43,GW arrears of dividend.

The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows: N.Z. GOVERNMENT LOANS. Buyers. Selle: 9, s. d. £ 8. d. 2$ p.c., 1/8/40 98 5 0 —• 21 p.c., 15/9/47 97 0 0 3 p.c., 15/7/1945 11)0 0 0 — 3 p.c., 15/9/46-48 99 10 0 • — 3 p.c., 15/9/52-55 — 99 10 0 3 p.c., 1/8/51-54 99 0 —-- 3i p.c., 15/1/50-59 .... 101 5 0 — KiiP.e.. 15/9/57-00 .... 100' 5 0 —— 31 p.c., 15/1/53-57 .... 11)3 10 0 —— 4 p.c., 30/11/1948 ..... .105 0 0 — 4 p.c., 15/5/49-52 loti 0 0 — 4 p.c., 15/0/52-55 107 5 0 —— 4 p.c., 31/5/54-58 .... 107 10 0 — 4 p.c., 15/6/52-55 107 5 0 — War Loan. 1953 .... 92 10 0 — Liberty Bonds 0 17 9 —■ MISCELLANEOUS. Comm. Bank Aust. .. 0 14 6 —— Nat. Bank of N.Z. .. 2 4 9 — Bank New Zealand ... cl 19 0 - 1 0 Ditto, D. Mort .... cl 10 9 ——• 7 11 0 N.Z. Guarantee Corp. xO 2 10 0 3 0 N.Z. Loan and Mere. 28 0 0 —- W.F.C.A., pref 0 5 3 — Wgtn. Inv., T. & A. O 1 0 0 7 8 Wgtn. T. & Loan ... 3 10 0 —- Wright, Stephenson .. 0 19 0 — N.Z. Inv., Mtg. & Dep. 0 8 9 — ■Wellington Gas, ord. . .1. 9 6 National Insurance .. 1 0 9 —— New Zealand Insurance 3 12 0 x3 — South British Insurance — 4 3 Standard Insurance . 3 6 0 — Queensland Insurance 2 11 0 — N.Z. Refrig., £1 1 2 0 —— Wgtn. Meat Export . 0 8 0 p & o I 16 V — Union Steam, pref. .. 1 7 3 —■ Bond's Hosiery Mills 1 8 0 —— Felt and Textiles .... 1. 18 6 — Kaiapol Woollen .... 0 18 0 —— On in ar n 1 3 0 ■ — 1 • 9 6 — Tim ar ii 0 19 G Wellington Woollen ■■ 7 4 0 — ]) i tt o p ref 7 12 3 16 0 Tgupo Totara Timber 0 5 0 — N.Z. Breweries 1 13 6 — British Tobacco 2 0 0 —— Broken Hill Pty — - 0 0 0 14 6 Ditto, prof 1 4 G Dunlop Rubber 0 IS 3 —* Electro. Zine, pref. .. 2 7 0 — Gridin & Sons, £1 pd. 0 14 9 —— Ditto, 10/- paid .... 0 7 3 G J Coles ... 16 Q 0 5 y - Ditto pref.’ 0 17 3 1 3 G — 3 1G 0 ■ ■ N.Z. Newspapers 1 13 0 — N.Z. Paper Mills 1 14 o —■ Sharland and Co. ... 1 3 0 —— Victoria Laundry .... 0 15 0 — Wilson’s Cement .... 0 17 3 X0 — Woolworths Ltd —— 16 0 Woolworths (N.Z.) ... —— u 15 *• Ditto, Properties .. 1 3 o G ■ ■■ — 7 0 9 9 0 0 7 0 8 3 — (1 13 ,» 1 8 0 0 8 9 ' OVERSEAS LISTINGS. Woolworths Holdings xO (South Africa) — 19 0 DEBENTURES. Ainalg. Brick (Auck.), G p.c.. 1/3/44 c Cum dividend. x Ex IU1 dividend. 0

Wellington:— WELLINGTON. No. of Sale price. shares. £1400 Inscr. Stock. 4 per cent., £ s. u. 1948-49 (13) 103 0 0 £5500 Ditto, 4 p.c., 1949-52 ... 108 10 0 300 Comm. Bank of Aust. (2) u 14 8. 10 Bank of . N.S.W 29 15 0 100 Broken Hill Pty 1 10 0 10 Colonial Sugar •Late sale Tuesday. AUCKLAND. *52 10 0

quotations as follows: — Oct. 6. Oct. 20. Banks—, £ .8 5 10 ,d 0 £ s. 17 d. 6 ES. & A, 2 13 6 2 10 0 Union of Aust N.S.W 4 13 18 0 6 0 4 18 19 10 6 0 National oC N.Z. .. 1 10 0 1 9 0 1 10 01 10 Others — British Tobacco .... 1 7 (> 1 7 6 6 Goldsbrough Mort .. 0 15 0 0 17 4 0 0 P. & 0. def N.Z. Loan and Merc., 1 12 3 1 14 0 4 p.c., deb 68 10 0 71 0 0 N.Z. Loan and Merc., ord 19 10 0 19 10 0