FINANCE & COMMERCE

Dominion, Volume 36, Issue 36, 6 November 1942, Page 2

FINANCE & COMMERCE

Stock Exchange Sales Dealings, in stocks aud shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number of snares in each lot being shown in the ease ot Wellington:— WELLINGTON. No. of Sa’o price, share's. , " ?.’ (12 Liberty Bonds *<>lB • 251) Bruce Woollen 1 0 u ♦Late sale-lVednesday. AUCKLAND. War Loan, 1/10/53, £ll2/17/6; Inter. Stock. 4 p.e., IIM4-38. £l/S/.>/-; Bunk of Aust., 15/-; Bunk of Y.S.W-, <-), .£•*<>> N.Z. Inniiraiiee, £3/13/0. E../13/1): South Brltidli ItlslifUniW, £3/<l/1>: ’’ 14/. ; WoolWOFlbS Proper , ch, Al/o/b, ML Morgnti, 8/2. Unofficial list: ,N.Z. 00l Pack, _/». Nat. Bank of A’sia., £5 paid. Nat. Bailk of N.Z., £2/5/7al vv £2/0/4; Standard lilstiriinee, L../U/-N.Z. Farmers’' Co-op., A pref., £ VW- i " » Bt -: port-Stoektou Coal, pref., 8/10; Beatli and Co., £l/2/0: N.Z. Drtig Co. £-1; Woolworths Holdings (South Alrlea), 19/-. , DUNEDIN. N.Z. Itefrig., 10/- paid, 10/4; N.Z. Drug Co., £4. Swan Brewery Dividend Swan Brewery Ltd., Perth, has declared dividends of 3 per cent, on preference shares and Od. on ordinary shureß, payable on December 2. Transter books Will close on Novembet 18. Gold Mining Gold Mines of N.Z. Ltd. glee the following returns for the month of October. Burry town. 4228 ounces fur -JB2 Uoutft from 183000 yards; Kanlerl. uuuc.es for frolu ' iTT/MX) yards ; Afajiu rl ‘. ouuccp for 557 huiirs from Jl~,ouo yitrdß. Zinc Corporation Profit The Zine Corporation Ltd. has cabled the Stock Exelutnge Assoclntlou as "Jiuj-’G nil amounts belli!: expressed in sterling .— The directors’ report bus again been neecssat'lv restricted. Mining and milling till cienc'y show an improvement, but In creased prices of all supplies are reflected In tlio Slightly higher working costs. After providing £24(1,0011 for taxation, there in a net protit of £139.1157 compared with £118,4-12 in 1940. in accordance with the basis now required by the authorities tor taxation purposes, stocks have been valued on a basis of £l2/18/8 a ton for lead and 1/- n line ounce for sliver oiul zine concentrates. In terms of the sales ngree r meat instead of on the basis adopted tor in-inv years past. This modlllcalioU has Jncreaaed the vahje of concentrate and metals on hand or in course, of real zatkuibv .fi54.503. Of tliis £23,410 arises in respect of earlier years ami line been credited Io provisions for taxes account, while the balance or £31,093 is Included in the in'ollt I'or the year. IMth £.>i..Ai broil«lit forward, tho total available i& £ 1(H) 544. Preference dividend absorbs C-lbl&S iliid the two iuii‘thdpiitiu« dlvlduiids .CSB t BB4, loavitig U5i.022 to be carried for wlif d; Wellington Meat Export Co. Reference to the recent reconstruction in capital is litedo in the annual report of the Wellington Meat Export Company. Limited, for the year ended September 30. The total preference capital Ims been canppilod. and the amount of £B4.U-.9, \Mtn accrued dividend ot £.4601. has been paid to preference shareholders. An amount of 3/- a sliaro has. been written oft ordinary shares, the nominal value of which is tioW 17 Atter Cl !irovl<llng for depreciation, taxation and ciipitiil reconstruction expenses, there is a prollt of £4(V.)2, which Uns been transferred to appropriation nceolir.t. I his account, after being credited with £-*.• 31*2 from capital account and debited with L)333 paid in preference dividends durmu th<* year, shows a c r, ;djt --(W. ijtist year s the prollt Was £(1388. and In 1910. £11270. Dunedin Rabbitskin Stille Dominion Special Service. DUNEDIN. November t. tunroxlimiielv 3'2 lons Were offered at loiliiv's riibl'ltekln * !llt ’* Th,; offering wiffi t'otuorised of Himmlers, milky, and low grmles, und owing prinelpuUy to th,, poornimlHv of the SkhiH olTotln.U» values, ns eiduplirod With the previous nule. worn on an average 3d. to Od. per lb. lower. A nereentuge of ihtb Season winters were offered and these showed a greiiter decline iii values. Following is the oflielal T’jitiifc of Prices t— , Winter bucks. (Kid to ; win er does. (Kid' to 7(id.; spotted winter bucks. «)d. to (Wil * spotted winter docs. (Md. to 70d.; outgo n’g bucks, fidid. to O ld.: outgoing Bid to 07(1.: Miring bucks, .till, to i()d H * M ring dues. 30 1. to 49(1.: sUniiiihrs, M’to 12d : mlllb’. '-d. to '/'!■: ntn'ned doe's 30d. to 37d.; winter broken, ~0,1. to %,1': second brollen, 19ld. to 24)d • sum. mer broken, 10d. to (2d.: winter bucks, to (tod.: fawns. IM. to 10d.; haresklns, lOd.