FINANCE & COMMERCE

Dominion, Volume 36, Issue 37, 7 November 1942, Page 5

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selling quotations recorded yesterday on tlie Wellington Stock Exchange were as follows: —

Stock Exchange Sales Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number ot shares in each lot being shown in the case ot

AUCKLAND. Inser Stock, 4 per cent., 1954-58 (2), £lOB/5/-; Bank of N.Z., £2/0/3; Standard Insurance, £3/9/6; Aucklan ‘ l / „^,‘! s G P |‘/r i .’ Devonport Steam (odd lot), £l/3/0 ? Peters lee D/3; Wilson's Cement, 18/-, wool worths (Syd.), 15/8; Woolworths Holdings (South Africa), 19/1. CHIIISTCHURCH. Inser. Stock, 4 per cent,, 1954-58 £ iOS: Nat. Bank of A/asla., £i> paid (3)- £a 10/-; Comm. Bank of kydney, £A7/</ , li'inl- ot NSW ,£3O; N.Z, llefrlg., 10/pai’d’: W/4; G: j.' coles £2/15/6; Woolworths Properties, £l/1/6. dunkdin. Inser Stock, 3 per cent., 1952-55 (?)• £99/7/6; N.Z. Drug Co. ‘£4. Unofficial list: Mackintosh, Caley, Ihoenlx, IJ/-- . ’Late sale Thursday. London Stock Exchange Firm (Bv Telegraph. —Press Assn. —Copyright.) inj i LONDON, November ;>• The Bendon Stock'lixcliange is very firm as a result ot the news ot the operations in Egypt and in Now Guinea. Morris Hedstrom Dividend Morris Hedstrom, Ltd;, have declared an interim dividend of 3 per eent on ordinary shares, payable on December 31. .1 vanstcr books will be closed .from December 17 till December 31, inclusive. Woolworths (N.Z.), Ltd. Woolworths (N.Z.), Ltd., advise that ordinary transfer 'books w , iu ' b S o cl< J?,c < i u f s r |ve November 23 till November 30, inclusive. The annual meeting will be held in Sydney on December 8. Anthony Hordern Dividend Antlionv Hordern and TAd., have declared 'dividends foY the hait-yenr Anriist •’« of 7J tier cent, per annum (less statutory reduction), on the preference shares and of 5 per cent, per annum on the ordinary shares, payable oh November Transfer books will bo closed from November 12 till November 25, inclusive. Gold Mining The Maori Gold return last week was 250 z. sdwt. for 120 hours from 13,000 yards. In addition 20 ounces w.ere recovered from a clean of the tail shoot. Stock And Share Indices (Bv Tck-'raiili —Press Assn.—Copyright.) LONDON, November a. ■•Kimineial Times” stock and share indices, with previous <|notations are (October 15, 192 G, equals 100) Govt. Home Indus- Gold-

Dow Jones Averages | rll , >. l" l .ss Assn -Copvrlimi > NEW YORK, November o. Dow Jones averages (1936 equals 100) and turnover on. the New York Stock Kxcliiiiigo compare, as follows: —

Mosgiel Woollen Year Dominion Special Service. DUNEDIN. November ti. The annual report, of the Mosgiel " oollen Co., Lid., States that sales showed an improvement, but duo to the nucossilx io ineroaseil provision for taxation there was a rodnetlon In net protit. Alter payment m an interim dividend of I per cent, nn Am i r> last, absorbing £3SIS/I/-. . I’ r “? “ '.".h eiV.iHKI for Government luxation, Llll.llo s'Hi for depreciation anil c-JOtIO lo the reserve, amt L.iOil Io deml equalization fund, there reniiiiiieu ,i balance to credit of prolil and <? ss ’ emint of £23.138/11'5. which the directors be dealt with ns tollows.— Piivniont of n final dividend ol 4 per eent. from trading I £2SGI/S/-). mid 3 1’“'• from revenue from investments, ninkill). « total distribution of 1(1I per cont. for Im year, leaving C 1 «,7L>/SA» to .1 forward. Mt. Morgan Operations \t the annual meting of Mount .Morgan, l.td iiiiieonsland). the eliairnian, Mr. E. .1 Morgan, said Ihe company might not par a dividend (ill near (lie end m He linanciiil year or soon allerward. Ito Mini it would l.e unwise to make any ilistrilmlion till the proposed now smelting was operating. When tlie itddltlonnl unit was built, mid tills year's programme of o'erburden was completed, tlie board expected to |,e Hide, not only to liiiild up adequate eash reserves Iml to pay regular ilivi'dends. .Mr. Morgan said that overburden removal mid been accelerated because "t the urgent nerd of ropprf.

N.Z. GOVERNMENT LOANS. Buyers. Seller £ s.' i d’ s. d. 3 p.c., 15/9/52-55 — 99 10 0 4 p.c., 31/5/54-5S .... — . 108 0 n War Loan. 1/10/53 .. —— 92 10 0 Liberty Eds., 15/9/49 — 0 18 0 MISCELLANEOUS. Comm. Bank Aust. ... 9 10 I) —— Bank N.S.W ' c29 10 0 — Bank New Zealand .. - x2 0 6 •> 1 0 Ditto, I>. Mort .... xl 10 9 —-. Union Bank 7 0 — N.Z. Guarantee Corp. 0 1(1 —— W.F.C.A., pref 0 i> u — Wright, Stephenson .. 0 19 o — N.Z. Inv., Mtg. & Dep. 0 8 9 •— Wellington Gas, ord. . 1 10 0 —— Ditto, pref 1 0 National Insurance .. cl 1 0 — South British Insurance — 3 •i *> Queensland Insurance — 11 II —- Gear Meat 0 17 <i — Wgth. Meat Export .. () 8 0 —■ P. & 0 1 19 0. •— Pukemiro Collieries .. 0 16 — Bond’s Hosiery JMills 1 S 0 — Pelt and Textiles .... 1 18 0 — Kaiapoi Woollen .... 0 18 — 6 Tiniaru —— 0 19 Wellington Woollen . o 0 .—. Ditto, pref 12 6 __ Leyland-O’Brien Timber 0 18 0 — Taupo Totara Timber —_ 0 6 3 N.Z. Breweries' 1 13 9 — Dominion Breweries .. • 1 9 0 Broken Hill Pty- .•••• xl 17 9 — Consol. .Brick 0 7 — Cox Bros 0 14 B D.I.C 0 —— Ditto, pref .1 4 6 —* Electro. Zine, ord. ... x2 0 — Ditto, pref X-z 7 6 16 6 G. .7. Coles —■ w Griffin & Sons. £1 pd. 0 16 — Ditto, 10/- paid .... 0 8 0 —~ Macduffs, ord 0 v> 9 Ditto, pref 0, 17 0 18 Macky Logan xl o 0 National .Electric 1 9 N.Z. Newspapers .... 1 13 6 N.Z. Paper Mills 1 14 6 —— It. & E. Tiiigey, pref. 1 — 0 Sliarland & Co xl u — Victoria- Laundry .... 0 15 0 — Taranaki Oil 0 6 Wm. Cable, pref xl 0 — Woolworths (N.Z.) ... Arahura 0 14 10 1 1 0 Barrytown Grey Biver c Cum dividend. 3 o u 0 13 t Ex i u — 0 0 1-1 dividend. 0

" ellington ’ WELLINGTON. Sale price. £500 Inscr. Stock, 31 per cent., £ 6. a. 1057-00 ■' 101 10 0 £5000 Ditto, 4 p.c., 1054-58 .... 108 IOS 15 0 0 00 Nat. Bank o£ N.Z J o 0 100 Bank oC N.Z., cum ...... 0 6 100 Aust. Consol. Indus., cuin 7 100 Aust. Paper Mnfrs., pref. *1 7 6 5 Colonial Sugar 51 10 0 100 Woolwortlis (Syd.) *0 Id U •Late sale Thursday.

1911 1911 (high) . (low) .. sec’s. 114.ll 112.0 rails. 54.3 41.5 trials, mines. 105.9 S3.0 18,5.0 166.4 Oct. Oct. 29 .... 30 .... 111.0 113.0 113.5 . 114.0 152.0 113.0 63.4 114.7 152.3 N o v • ! « 113.0 03.7 115.5 152.7 i .♦ 113.0 63.8 116.1 152.8

20 Rail roads. Industrials Shares sold. 1941 (high) .... 30.88 133.50 — ion (low) .... 24.45 28.57 109.27 113.11 +55.000 OcL 5) ... Oct. .31 ... Nov. 2 ... Nov. 4 .... 28.04 . 28.85 113.50 114.07 517,000 .".50.000 20.28 114.(58 .757.000 .... 20.20 • 114.5(5 772,000