FINANCE & COMMERCE

Dominion, Volume 36, Issue 35, 5 November 1942, Page 3

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations ’.l’he latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:— N.Z. GOVERNMENT WANS.

Stock Exchange Sales Dealings in stocks and shares recorded iu j each lot being shown In the ease of

AUCKLAND. co “ K I! W- -'m .K 1C Mamifacun--Macky. L°" all <, J '- 1/ / cb/i--,/.. ■ woolors ‘5/10- Tooth and Co., fcZ/1-/-, «o°’ worths (N.Z.), 14/S; IVoolworths (bid.). 15/6; Auckland Gas, perp, debs., LSS. CHKISTCIIURCH. , Standard lusnrance ( 2L hri £i j v Co', 1 ’£4;’ Woolwnrths (N.Z.), 14/9; Woolworths GSyd.), 15/4. DUNEDIN. laser. Stock,. .3 per c'’" l -; 5/-- N.Z. Breweries (odd lot), £l/Jj/9> Westport 'Coni, £l/5/4; Broken Hill Itj ■, £l/13/-, £l/17/9. London Stock Exchange (By Telegraph.—Press Assn.—Copyright.) LONDON, November 3. On the Stock Exchange quotations ot bank shares and other corporation debentures and stocks compare with previous quotations as follows:- Noy _ „

The nor cent, dividend ot tVaihi InvesltneMs .Exploration, IM. pd vesterdav, is payable on Novenwci '« 1 btloks. will be closed November 12 to November 2b, inclusive. Bruce Woollen Co., Ltd. -rhe Bruce Woollen Manufacturing Co., Lt I a Vise that transfer, books will be Closed from November 9 till November 23, inclusive. •Abraham & Williams Profit The accounts ot Abraham and Williams Id 1 for tl "ear ended September 30 show a net profit of £5138 after provision of £7399 for debenture interest and £-L4-l for taxation. The directors recoil end a linal dividend of 21 per cent., miikiiL. u uent for thp year, an unchanged rare, absorbing £2207, leaving to u carried forward against £26,40b biou„nc in The dividend is payable on NovemUtr 17 and transfer books will close on November 10. Westport Coal Dividend (By Telegraph—Tress Association.) DUNKDIN, November 4. The directors of the Coni Company in their annual report recoin mend tlie payment of a linal dividend tor the year of C>d. a share pi 5 able oi N veinber 30. This makes a total distribu tion of 1/- a share for the year. National Insurance Year Dominion Special Service. DUNEDIN. November 4. The annual report of the National Insurance Goy. of N.Z., Ltd shows tl at m income for the year em ed ’bepten her Ml amounted Io £390,..)<>. Altei making fl provision for losses milstanding there » an underwriting surplus ot £20,8.>1> interest and rents, less income tax to £23,'193. and the balance brought forward of £37.540. making in alt LSL-M;. The interim dividend of -Id. a share, pal l in May. absorbed £'l(l,(>l4>. h-avurn .m available balance of £(>■!,92G. I lie directors have added £5llOO to the eon ingeney account and written £1.104 ofl the coin panv's premises, and now recommend the pnvment of a further dividend of ml. a share, absorbing £20.833 and to cany forward £37,989.

D.I.C. Profit Dominion Special Service. DUNEDIN. November 4. The annual report of the Urapery and General Importing Co. ot N.Z.. Ltd. siions a net protlt fur the year ended August -u, after making full provision lor taxation, bad ami doubtful debts mid depreciation of £31>.::27 eonipnred with £39,5<2 lor J.HI. With the sum of £40,124/3/7 brought oiwiiril the total to credit- of pruhl and npproprhition account i«s £bS,4ol/b/i. Ln May 1 an interim dividend was_ paid on preference shares at the rate of o per cent, per annum for the half yenr ended runrv 20 which absorbed .C(»2t>o, leaving £82,201/8/4 now available. This sum the directors recommend should be appropriated as follows: I’ayment of dividend nt: the rate of 5 per cent, per milium on preference shares for half year muled August 20, £6250; payment of dividend ot i per cent, on ordinary s'harcs for year ended August 20, £17,020/0/4; addition to reserve (which will then stand at £87,000) £6SOS/.12/Or allochtioii for contribution to patriotic and similar funds £1000; leaving a balance to be carried forward of, £51,032/6/o. National Pictures, Ltd. 'Pho accounts of National Pictures, LtdAuckland, for the year ended September 30 show a prolit, after providing for taxation and depreciation, of £OB7 compared with £1122 last year and £lO5l in 1910. The sum of £2241 is brought in, making £3201. available. From this the directors recommend a dividend of 2| per cent, for the year, unchanged. The dividend requires £lO7O, leaving £2i131 to bo carried forward.

Buyers. B s. d. Sellers. B s. d. 3 p.e. 15/7/1945 100 0 0 3 p.e.; lo'/il/IC-lS 99 10 0 — 3 p.e.. 15/9/52-55 — 99 10 0 Bi p.c., 15/1/56-59 .... 101 ;> 0 —— 3i p.e., 15/9/57-60 .... 1111 ;> 0 —— 4 p.c., 15/2/43-46 .... .100 4> 0 —— 4 p.c., -30/11/1948 105 — 6 —— 4 p.e., 15/6/52-55 - .107 o 0 — 4 P.e., 31/5/54-58 107 10 0 — War Loan, 1953 92 10 0 — 0 18 0 —■ — MISCELLANEOUS. Nat, Bank o£ 'N.Z. ... 4 9 —— Bank N.S.W 20 10 0 —— Bank New Zealand .. 1 19 10 — Ditto, D. .Mort 1 10 j) —_ 7 r. 0 7 10 0 EquTt. ilidgs., 20/- pd. 1 b 0 — N.Z. Guarantee Corp. 0 10 —■ N.Z. Loan & Mere. ... 28 0 0 — 0 J - — Wgtn. Inv., T. & A. — 0 7 6 Wgtn. T. & Loan .... o 10 0 — Wright, Stephenson .. 0 19 0 —- N.Z. Inv.. Mtg. & Dep. 0 8 9 -~ Wellington Gas, ord. . 1 10 0 — 1 0 National Insurance ... 0 9 South British Insurance —— 3 4 Queensland Insurance 11 0 — 0 17 i — Wgtn.* Meat Export .. 0 8 b — P A- O 1 IS 11 —■ - Pukemiro Collieries ., 0 16 0 —— Bond’s Hosiery Mills Felt and Textiles .... 1 5 0 _— 1 18 0 —— Kaiapoi Woollen .... 0 18 3 •— 1 10 0 xl 9 — — 0 19 c Wellington Woollen . 7 5 0 — Ditto, pref. • J ~ 6 Leyland-O’Brien Timber 0 N.Z. Breweries 1 J 8 13 0 7 Dominion Breweries .. 1 9 r t 7 6 Booth Maedonald, pref xl — .0 7 0 6 Broken Hill Pty 18 0 1 18 . I J 0 0 0 7 1 6 — Electro. Zine, ord. ... Ditto, pref. 7 V Griffin & Sons, Bl l>d. 0 16 O — Ditto. 10/- paid 0 8 0 — 0 17 * 1 o 1 Q 9 —— N.Z. ' Newspapers .... 1 If. 0 (i — N.Z. Paper Mills ..... 1 4 It. & E. Tingey, pref. 1 0 Victoria Laundry 0 15 0 Taranaki Oil 0 6 Wilson’s Cement Wool worths Ltd. .... 0 0 17 16 3 O — Woolworths (N.Z.) ... 0 15 Ditto, Properties .. 0 3 13 0 0 14 0 9 1 7 x Ex dividend.

Wellington :- wELriNGT0N No. o£ shares. . 1S7 N.Z. Breweries ........ 100 .Aust. Consol. Industries . Sale price. .43 tS. d. . *1 13 t) *2 7 0 *1 4 0 *J 0 0 ♦Late sale Tuesday.

Banks — „ 5 17 d. 6 & 0 s. 0 d. 0 E.S. & A- ( - 2 30 4 19 0 6 4 18 18 0 0 N.S.W National of N.Z 38 3. 1 10 9 10 0 0 0 38 1 1 10 11 0 0 0 Others— British Tobacco .... 3 7 6 .1 8 17 0 Goldsbrough Mort . 0 17 6 6 ~ * 1 14 0 1 la 0 N.Z. Loan and Merc., 4 p.c., deb 71 0 0 71 10 0 N.Z. Loan and Merc., 19 10 0 19 10 0 Waihi Investments Ltd