FINANCE & COMMERCE

Dominion, Volume 36, Issue 30, 30 October 1942, Page 3

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations

The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:— N.Z. GOVERNMENT DOANS.

Stock Exchange Sales

Dealings la stocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number ot shares in each lot being shown in the ease of Wellingtou:- vELhiN( , TON . No. of Sa LTd?‘ BIiIH'CS. , , -«■» n WO N.Z. Breweries 300 Cox Bros. (Aust.), Ltd. , 0 5 ‘ 50 G. J. Coles -lb u •Late sale Wednesday. AUCKLAND. laser. Stock,-3 per cent , £'J9 12/(1; ditto, 4 per cent., IDM-oS, LlO7/K»/ , Auckland City, 4fP« 15/-; Bank of N.Z. (2), L-1 Insurance, £3/3/9; Goldsbrough Mo t 7/-- Auckland Gas, con., 2/11, Norcncrn Steim., 5/3; LC.I., pref., £l/4/1)I B’urmers Trading, £l/1/9; A>%. lUZ Sn' n ford’ Reid Rubber (new), . bantord, 4/11; Wilson's Cement, li/b. CHRISTCHVKCH. Inser. Stock, 3 Per cent., 1952-53, £99 10/-: Nat. Bank ot N.Z., <L~/w» Union Bank £7/5/-; South British Insurance (”), £3/3/9, £3/1/-; L'nioii Steam, pret., AJI/S/U; Ballin's Breweries, la/- yarn, 1-/-, 12/1. D GNEDIN. Union Bank. £7/5/-; Farmers’ Fertilizer, IG/3; N.Z Paprn- Mills, ( £ 1/14/9; Wilson’s Cement, 17/7. 1 .Dividends Declared N.Z. Paper Mills Ltd. have declared an interim dividend of 3 per cent., payable on November 2-1. Transfer books will close from November 11 to November -4 inclusive. , , ~ . , . Burns, I’hilp aud Co., Ltd., have declared an interim dividend at the rate ot 10 ner cent, per annum for tne six months ended September The dividend, which is equal to 1/- a share, is payable on November W. TransCer tbooks will close from November 2 to November l(i inclusive. Gold Mining The Grey .River dredge, for the fortnight ended October 2s, returned 4Jounces for 22U hours from J47,7PJ yards. Wellington Alluvials’ report for the four weeks ended October JO the dredge returned r<2 ounces for -14TT hours from L’IKJ.OUU yards. North Kaigurll (19112) Ltd. reports that during the period ended September 22 7310 tons were treated for a recovery of 2750 ounces. Furness, Withy Accounts The accounts of Furness, Withy and Co., Limited, for- the year ended April 3U last show a profit, after crediting dividends received aud making provision for taxation, of A10U3,354. compared with £035,0rl for the preceding year, to which is added £180,214 (£189,37'5) .brought iu, making £789,51)8 (£854,051). After providing for a dividend on ordinary shares of 0 nm- cent., £300,001) (£350,0001 has been set aside for depreciation and £lOO,OOO (same) transferred to fleet replacement account, leaving to be carried forward £l<2,o’Js. The balance-sheet totals at £12,780,550 (£12,477,778). Myer Emporium, Ltd. Profits of Myer Emporium. Limited. .Melbourne, for I lie year to July 31 is £107,137, niter providing £220,380 for taxation, inciuuiug £20,380 short-provided for 111 lull, unu £105,073 for depreciation. Last year’s accounts showed prolit of £320,--i73 after lux provision oi £lOO,OOO and depreciation £100,204. Al lhe annual meeting directors recommended the ear-mark-ing ol’ a further £-10,000 tor tux, making the total provision. £200,000 and proiit £280,473. Ordinary dividend 74 per cent, (reduction of I}> requires £129,375, and preference dividend ol I) per cent, absorbs £38,1)00. Broken Hill Material Broken Hill Proprietary, according to the Australian Minister of Munitions, Mr. Makin, is supplying material to the Government for half what it would have cost lo get steel from abroad. Some time ago certain armour plate could not be imported and the secret of its manufacture was unknown in Australia. The Government asked the Broken Hill Company to try to discover the formula in its laboratory at Newcastle, and the laboratory mastered the secret. "Today we are getiug this plate for one-sixth of the price we formerly paid for armour plate which did not serve our purpose nearly as well," said Mr. Makin. Stock And Share Indices (By Telegraph.—Press Assn.—Copy right.; LONDON, October 28. "Financial Times" stock and. share indices, with previoue quotations are (Octo-

Dow Jones Averages (l-.v Telegraph.-p-ess Assu.—Copyright.) NEW YORK, October 28. Dow Jones averages (192<J equals 100) and turnover on the New York Stock Exchange compare as follows:—

Buyers. L s. d. Sellers. E s. d. 21 p.c., 1/8/46 98 0 —• 2-j p.c., 15/0/4T 97 0 —- 3 p.c., 15/7/1945 100 0 0 —— 3 p.c., 15/9/4G-48 99 10 0 — 3 p.c., 15/9/52-55 — 99 15 0 3 p.c., 1/8/51-54 99 i) 0 —— 3} p.c., 15/1/56-59 .... 101 •) 0 — 3.1- p.c., 15/0/57-60 .... 101 0 0 —— 4 p.c., 15/2/43-46 100 0 —• 4 p.c., 30/11/1918 .... 4 p.c., 15/6/52-55 105 6 107 0 —■ 4 p.c., 31/5/54-58 107 10 0 — 4 p.c., 15/2/43-46 100 5 0 — War Loan, 1053 92 10 o — Liberty Bonds 0 18 0 — MISCELLANEOUS. Bank Australasia .... 8 7 8 — Comm. Bank Aust. ... 0 It —— Nat. Bank of N.Z. .. 4 9 —— Bank New Zealand .. xl 19 9 — Ditto, 1). Mort. ... xl 10 9 —— — -> 10 0 N.Z. Guarantee Corp. xO 2 10 — N.Z. Loan & Merc. .. 28 0 0 W.F.C.A., pref 0 u o —- Wgtn. T. & Loan .... 3 10 0 Wright," Stephenson .. 0 19 0 —. N.Z. Inv.. Mtg. & Dep. 0 8 9 —— Wellington Gas, ord. . 1 9 9 —. Ditto pref 1 —• 0 —— National Insurance .. 1 0 9 South British Insurance — 3 4 0 Queensland Insurance - 11 0 —■ 0 17 0 Wgtn. Meat Export. . 0 8 0 — p & o 1 17 0 ■ Bond’s Hosiery Mills 1 8 0 6 Bruce Woollen 18 1 0 Felt and Textiles .... 1 0 ~~ 0 18 1 3 0 —— — 0 PJ 6 Wellington Woollen . 7 4 0 — 7 12 0 Leyland - O’Brien Ti mbe Taupo Totara Timber r 0 IS 0 — 0 13 6 — 1 6 8 A < ’ T - * Broken Hill 1’ty — cl 19 0 ——— x51 15 0 0 • 1 DTP nref xl 4 6 — Electro. Zinc, pref. .. X2 7 0 — Grifiln & Sons, El pd. 0 15 6 — Maedufts, ord 0 i) 9 — 0 17 4 1 0 National Electric .... 1 N.Z. Newspapers ..... 1 13 0 N.Z. Paper Mills .... It. & E. Tlngey, pref. 1 14 6 1 — 0 Sharland & Co xl u 0 Victoria Laundry ... 0 15 0 6 . ■. 0 — Wilson's Cement .... 0 17 3 Woolworths Ltd — 0 16 15 Woolworths (N.Z.) ... —• 0 1 16 0 Ditto’, Properties .. 6 1 o (J 9 0 13 0 0 14 0 o 8 0 0 7 Mt Lyell I 6 — New occidental c Cum dividend. 0 8 x Lx 0 — dividend.

bcr 15. 1026, eijuuls 100) Govt. Home Indus- Goldsee’s. rails. trials. mines. J b ill (high) 114.6 54.3 105.0 183.3 1041 (low) . 112.0 41.5 83.0 166.4 Oct. 21 114.0 63.0 111.0 150.2 Oct. 114.0 63.2 112.0 150.2 Oct. 23 ...« 114.0 63.0 112.3 150.2 Oct. 26 .... 114.0 63.0 112.7 150.0 Oct. 27 ... 114.0 G3.1 113.1 151.4

20 Kall32 shares roads. Industrials sold. WU (high) ... 30.88 133.50 —• 1941 (low) ... 21.45 .109.27 Oct 22 .. ... 28.111 111.1)1 «)<j 1,000 Oct. 23 .. Oct 21 .. * : 28.72 1'11.88 115.01 727,000 290.000 Oct 26 .. ... 28.81 115.20' 629,000 Oct. 27 .. ... 28.70 113.86 820,000