FINANCE & COMMERCE

Dominion, Volume 36, Issue 27, 27 October 1942, Page 2

FINANCE & COMMERCE

Government Stocks (By Telegraph,—Press Assn.—Copyright.) - LQNDOX, October., 22. British Government stocks are quiet, while New Zealand and Australian show a hardening tendency and are much more active than for some time. The following table gives the mean Stock Exchange quotations for consols and colonial inscribed stocks, compared with those o£ October 15:— Price Variation

The Snowy River dredge last week returned 141 J ounces for 129 hours from 34,°°%ie r «iniu dredge for the fortnight end; ed October 20 returned 331 ounces for 2tw hours from 78.744 yards. The Austral-New Zealand return for thfe fortnight ended October 17 was ounces for 'M6 hours. The Associated Gold Dredges return for the week ended October 24 was 472 ounces from 74,000 yards. „ , Directors of Associated Gold. Dredges (N.Z.j, Ltd., report a satlefactory settlement of the company’s indebtedness to contract creditors. In terms of the agreement for settlement reached between allparties, approximately £20.000 has beep paid to the -dredge contract creditors bJ the receiver in deduction of their accounts. The petition to wind up the company will not now be proceeded with in view of tlie settlement made with the dredge builders. United Building Society Net earnings of the United Permanent Building and Investment land for the year ended September oO were £6676, against J" ,‘ he Ppreous year. The balance at credit of pro Si:^^ to dlvfdend of 3 per cent., making « P® r L e i “ t ' for tbe year (unchanged), requiring £3953 “placing £1250 to reserve, making the total ot that fund £27,7affi and carrjiug forward the balance ot £IQI9. Stock And Share Indices (By Telegraph.—Press Assn.—Copyright.). LONDON, October 25. “Financial Time?” stock and share indices. with previous quotations are (October 15, 1926, equals 100) :—

Dow Jones Averages (Bv Telegraph-— P‘ess Assn. Copyright.) NI-DV YORK. October 25. Dow Jones averages (1026 equals 100) and turnover on the Lew J. ork i,toc k Ux change compare as folions.-

N.Z. Exchange Rates Telegraphic rates of exchange. New Zealand on the overseas centres meutlpued, are quoted by the Bank of New South

Woolworths Properties, Ltd. Before providing for taxation Woolworths Properties, Limited (Sydney), reports a profit of £102.720 for the year ended June 30. compared with £107,610 for 1940-41. Because the directors • have discontinued estimating taxation liability, comparison of net profit is not possible. Last year net profit was £7'1.601, after allowing £36,009 for taxation. This year, in addition to absorbing the tax reserve

of £31,909. tax payments Included £25.195 from profits, leaving £77,534 available. The 6 per cent, preferred ordinary dividend requires £35,603. During the year ordinary dividend of £35,44.6 (against £‘17,709 in the previous year) was paid, and reduced the amount brought forward to £873. This increases the carry-forward to £42,801. front which taxation not yet assessed will be met.

Mauri Bros. Lower Profit

Though net profit of £69,175 shown by IMaurl Bros, and Thomson Ltd., of Sydney and Auckland, for the year ended June 30 is a decrease of £14,827, dividend rates arc unchanged. The profit is the lowest since -1033. Ordinary dividend of 15 per cent., including bonus of 5 per cent., requires £42.843. A preference dividend of 9 per cent, amounts to £43,500 and B preference dividend ot 10 per cent, to £2190. Carry forward is increased to £55,213 from £44,570.

Dominion Pictures, Ltd.

The accounts of the Dominion Picture Theatres Company for the year ended September 30. show net profit at £2128, compared with £lBB5 in the previous year and £2OOl 'in 1940. With the bala_nce brought forward, £5034, there was £7162 available. After the interim preference dividend had been paid the amount for distribution was £7062. From this the directors recommend a dividend of 3 per cent, on the preference shares, making b per cent, for the year, and 3 per eent. on the ordinary shares. This requires £1350, leaving £5712 to bo carried forward.

Wellington Poultry Prices

Prices ot live poUltri' in the Wellington markets arc quoted by Townsend and Paul, Ltd., as follows: — a White Leghorns.—Hens, best, .>/b to 4/s each, others, 2?6 to 3/6: cockerels, lr- to 1/6 lb.; pullets, best 8/- to 10/- each others, 6/- to 8/-. Black Orpingtons:—Hens ; heavy 0/- to 9/- each, medium 4/- to o/-, cockerels, heavy 1/4 to 1/6 a lb., mediiim 1/4 to l/f> a U>. Rhode Island Reds, cock JreltJ, heavy 1/4 to 1/6 a lb. Ducks : Indian Runner, young 6/- to l)/- each, old »/ to 6/-; white, young 7/- to 10/- eaeffi old . 4/to 7/-. Geese: 5/- to 8/- each. Turkeys. 1/6 to 1/8 a lb.

David Jones Year David Jones, Limited, VniJ’rt' fit of £145,4C2 for the year enfied July <3l, after providing £250,450 tor taxatioiijl.afet year's accounts reported but as tax allowance ot £Hk>,ooo procea to be short by £04,762. this year a net. result is compared with £130,607 last year. Ordinary dividend, cut by - to.B per eentrequires £64.800. Preference dividends amount to £27,750. and £95.532 is carried forward, against £39,620 brought forward. Turnover reached a now uiigli level, ceedin" £5,000.000. Profit before taxatioa was £398,912 against £360,429 for 1940-41.

£ s, <1. £ s. d. Consols, 2i p.c ?2 11 3 same. Fund. Loan, 1960-90 U-4 7 6 u z War Loan, 3i. 1052 . 106 § 3 same Conv. Loan, 31, 1961 '107 .6 .3 U 11 <5 ’ Victory Bonds, 4 P.c. 114 J2 6 0 1 3” * C'wealth, 4, 1943-75 . 101 - 6 0 1 3 T C’wealth, 4, 1943-49 . 09 3 0 o 1 ll$t C’wealth, 3i, 1943-53 95 17 6 0 16 10}t C’wealth, 3il 1956-01 88 17 6 0 7 6 t C’wealth, 3, 1053-58 . 86 12 6 0 17 '6 t N.S.W., 31, 1930-50 . 94 1» 0 a 5 o t Victoria, 3, 1929-40 . • 92 10 0 same Victoria, 5, 1945-75 •• 9 0 same Q’land, 3, 1924-47 .. 93 10 0 0 T S. Aust., 3. 1016 (opt.) 73 15 0 0 12 6 t S. Aust., 5, 1945-57 . 101 0 0 same W. Aust.., 4, 1942-62 . OS 0 0 O 0 Tasm.. 4, 1042-62 ... 98 0 0 0 2 o*‘ N.Z., 4J, 1948-55 .... HOI 5 0 0 10 0 t N.Z.. 3. 1945 98 3 9 0 18 9 t tHlgher. -Lower. Gold Mining

Govt. Home Goldrails. trials. mines. IfHil lOlil Oct. Oct. Oct. Oct. Oct. (high) . (low) .. 17 10 2t I :::: 164.6 112.0 tt.14.1 1114.1 114.0 1114.0 114.0 54.3 41.5 02.2 02,5 63.0 63.2 63.0 105.9 83.0 111.9 111.9 111.9 112.0 112.3 18313 166.4 149.6 .150.3 150.2 1'50.2 150.2

20 RaH roads. 32 Industrials. shares told. 11)1,1 (high) ... 30.68 133.30 — 1041 Oct. Oct. Oct. Oct. Oct. Uow) ... 24.45 . 28.57 115.22 067,000 ’.. 28.59 115.00 701.000 ... 28.<H 11I.IM <►54,000 ... 28.72 Ml .88 T27,(XW 24 ... ... 28.72 115.01 200,000

Wales as follows:— Buying. Selling. .Montreal, do), to £N.Z. 3.0030 3.5290 New York, dot- to £N.<£. 3.2512 3.2050 India, pence to rupee ... 22 3-10 22$ Cevlon, pence to rupee .. London. £N.Z. td £St«£.1OO 1 124 3-8 12,1 Aust. £N.Z. to £100A. 100} 100 win £N,Z. to £100F. .. 00 83 5-8 S. Africa, £N.Z. to £8.A.100 123 125 1-8