FINANCE & COMMERCE

Dominion, Volume 36, Issue 25, 24 October 1942, Page 5

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying «n<l selling quot at ions recorded yesterday on the WelHnglon Stock Exchange were «h follows:—

Stock Exchange Sales Dealings in stocks and shares recorded on New Zealand Stock Exchanges y“terday were as follows, the number of bare s inVaeli lot being shown in the case of

AUCKLAND. Inscr. Stock, 3i per eent., IB °3-09, £IM, Auckland Harbour Bd., . 4 i P er . oV°N : Z C °S Vl9/9 £l%/H ’£2 <2 j; B N.Z. Insurance, £3/13/3; Kaiapoi 7/-; Dominion Breweries fl/?/' - „y.®% worths (Syd.), 15/9; Mt. Lyell, £l/7/? : Unofficial list: Southern Cross inres. merits, 3/6. ' CHRISTCHURCH. Invincible Building, _ I '- Z ' mere’, 4| per cent., 1955, £9o; Standard Insurance, £3/8/-; Canterbury Irozen Meat, £l2/15/-; N.Z. Drug Co., new, £2/o/-, Woolworths (N.Z.) 14/10; Snowy Kiver, 5/- paid, 6/7; Mt. Lyell, £l/7/9. ' DUNEDIN. 1 Bank of N.Z.. £2; Bruce Woollen, ord., £l/5/3; Kauri Timber, £l/3/3; Broken Hill, Pty., £l/19/9. Dividends Declared Burns, Philp and Co., .Ltd., have declared an interim dividend of 5 per cent., pavable on November 16. , . Farmers’ Trading Co., Ltd., Auckland, has declared interim dividends on A and B preference shares of 7 per cent-, per annum, less2o per cent, deduction under Interest Adjustment Act. and p per cent, per annum on C preference shares, payable on November 30. . Donaghy’s Rope and Twine Co.. l/’M" Dunedin, has declared an interim dividend of 9d. a share payable on November 6. The transfer books will be closed from October 2S to November 6, inclusive. _ North Kalgurli (1012), Ltd has dee ared a filial dividend out. oJ mining profits for 1041 of Od. a share sterling, less Knglisn income tax at 6/4 in the pound, payable on December IS. Transfer bonks will be closed < from November 7 to November 13 inclusive.. L South British Insurance Co. (By Telegraph.—pfess Association.) AUCKLAND, October 22. "I think I am not unduly optimistic in' suggestinir that there is reason to believe that the -period of heaviest destruction of Allied shipping has been passed, said Mr. W. R. Wilson, chairman, of directors, at the annual meeting of the South" British Insurance Co., Ltd. He added that certain powerful States hitherto ' neutral had now declared themselves on the side of the Allies, which should render some, at least, of the i'nportant sea routes safer than they were. With the diminution of risk would come a reduction in insurance charges. Marine policies had figured largely in producing the year’s record income, he said. Considerable war risk cover was being placed with the Insurance companies, but this would likely diminish with the extension of the facilities Provided by the Government nar Risk Bureau. -Mr. Wilaon said that in New Zealand fire wastage had been comparatively light, but the earthquakes of June and August affecting the Wellington province would cost the company a good many thousands of pounds by tlie time all claims had been met. Stock And Share Indices (By Telegraph.—Press Assn.—Copyright.) LONDON, October 22. ‘‘Financial Times" stock and share indices. with previous quotations are (Oeto-

N.Z. GOVEHNMBNT I.OANS. .. Buyers. £ s. d. sellers. £ 8. d. 2} p.c., '1/8/46 98 5 — 21 p.c., 15/9/47 97 5 0 3 p.e., 15/7/1945 JOt) 99 0 0 — 3 p.C., 15/9/40-48 10 0 — 3 p.c., 1/8/51-54 ..... (19 a 0 31 p.c.. 15/1/56-59 .... .101, i i 0 — 31 p.c., 15/9/57-60 .... 101 0 0 -— 34 p.c., 15/1/53-57 .... 103 10 0 4 p.c., 30/11/1948 105 0 0 — 4 p.c., 15/5/49-52 ..... .10(1 0 0 4 p.c., .15/(5/52-55 107 5 0 I p.c., 31/5/51-58 .... 107 10 0 — 31 p.c.,' 15/1/53-57 .... 103 10 0 —- 4 p.c., 15/2/43-46 100 0 4 p.c., 15/6/52-55. 107 10 0 War Loan. 1053 .... 92 0 —— Liberty Bonds 0 17 9 miscellaneous. Bank of Australasia . 8 8 0 — Comm. Bank Aust. .. 0 14 0 — Nat.. Bank of N.Z. .. — 4 10 9 Bank N.S.W 29 0 — Bank N.Z., D. Mort. .. el 10 V — N.Z. Guarantee Corp. xO J 10 0 3 0 N.Z. Loan and Mere. 28 0 O — W.F.C.A., pref 0 i) 3 0 Wgtn. luv., T. & A. —• 0 7 Wgtn. T. & Loan .... 3 10 6 — Wrlgbt, Stephenson .. 0 19 0 — N.Z. Inv., Mtg. & Dep. 0 8 9 Wellington Gas, ord. . 1. 9 1 O National "insurance .. 1. 0 9 — New Zealand Insurance 3 12 6 3 ~ South British Insurance —— 0 Standard Insurance . 3 6 6 — Queensland Insurance — 11 0 0 17 Wgtn. Meat Export . P. & 0 0 1 8 17 0 0 —• Union Steam, pref. .. i 8 Bond’s Hosiery. Mills i 0 Pelt and Textiles .... 1 18 0 Kaiapoi Woollen 0 IS — 1 10 0 1 3 0 —* —— 0 19 C Wellington Woollen . 7 4 0 — 7 12 O Leyland-O’Brien Timber 0 18 0 Taupo Totara Timber 0 6 — N.Z. Breweries 1 lo 6 Bootli Macdonald, pref. — 0 Broken Hill Pty a pip 0 14 — 1 4 6 —• Dominion' Fertilizer .. 0 Electro. Zinc, pref.- .. 7 Griffin & Sons, £1 pd. 0 15 0 Ditto. 10/-‘paid ;... 0 7 3 0 17 Macky Logan 1 N Z Drug Co 17 0 N'izi Newspapers 1 13 O — N.Z. Paper Mills .... 1 14 4 R. & E. Tlngey, pref, Sharland and Co 1 0 1 Victoria Laundry .... 0 15 0 0 6 0 3 Wilsoit’s Cement 0 17 o Woolworths Ltd. »... 10 1 Woolworth's (N.Z.) ... 0 14 Ditto, Properties .. 1 3 3 0 0 7 Martha •••• 0 0 13 3 6 1 . c Cum dividend, x E dividend.

Wellingtou:— WELLINGTON. No. of shares. ■„ ki £5000 laser. Stk., o p.c., lOol-ol Sale price. £ s. d. 09 12 0 ♦1 19 lOi *.00.Ditto *’■*.*t**’z. t \ /• 200 Amal. Brick (Auck.), 0 per cent., 1044 *101 *3 10 13 0 0 '0 100 N.Z. Insurance ......... 20 Canterbury Frozen Meat . 12 100 Broken Hill Pty. •■••••• 200 Woolworths Holdings (South Africa) (2) .... 1 0 IS 8 ♦Late sale Thursday.

ber 13, 1026, equals 100) : — Govt. Home Indus* Goldsec’s. rails, trials, mines. 1941 (high) . 111.1! 54.3 105.9 1S3.3 1941 (low) .. 112 0 41.5 83.0 100.4 Oct. 14 111.1 01.1) 111.1 hjO.! Oct. 16 114.1 02.0 111.0 140.0 Oct. 17 114.1 02.2 111.0 149.0 Oct. 19 114.1 02.5 111.9 !•>» 3 Get. 21 114.0 03.0 111.9 1->0.2 Dow Jones Averages (Bv Telegraph.—Press Assn.—Copy right.) NEW YORK, October 22. Dow .Tones averages (1926 equals 100) and turnover on the New York Stork Exchange compare as follows: — 20 Rail- 32 snares roads. Industrials sold.* 1911 (high) .. 30.88 133.50 — 1941 (low) . . 21.45 100.27 - Oct. 16 . 28.50 113.27 aO'l.CGO Oct. 17 28.59 113.40 24,).000 Oct. 11) . . 28.02 113.04 402.000 Oct. 20 . 28.57 115.22 007.000 Oct. 20 . 28.59 115.09 701,000