FINANCE & COMMERCE

Dominion, Volume 36, Issue 217, 9 June 1943, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations

’ The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follows:— Buyers. Sellers. £ s. d. £ s. <l.

Sales In New Zealand Dealings in stocks and shares recorded on New Zealand stock exchanges yesterday were as follpws, the number of shares In each lot being shown in the case of Wellington: — WELLINGTON. No. of Sale Shares. „ Price. £ s. d. 500 3 p.c. Inscr. Stock, 15/5/53- _ 50 *9B 0 0 200 4 p.c. Inscr. Stock, 15/2/43- . 40 *lOl 10 0 200 Commercial Bank of Aust. *0 16 0 400 Bank of N.Z., ord., ex div. *2 1 6 700 Newton King, pref. ...... *0 17 0 75 British Tobacco, cum div. *2 7 6 200 Macduffs, pref *1 2 b 1000 4 p.c. Inscr. Stock, 31/5/5458 '.... 106 10 0 510 Bank of N.Z., “D” long- n term, ex div 1 11 3 •Sale late Friday. AUCKLAND. War Loan, 1/10/53, £O4; Inscr. Stock, 4 p.c., I's/4/46-49, £lO2/10/-; South British £3/10/6; ' Farmers’ Auctioneering, £4 14/-; River Plate, 17/-; Guarantee Corporation, 3/6; Pukemiro, !§/-: Dominion Breweries, £l/16/6; Claude Neon, Sl/o/-; Hill and Plummer, £l/10/-; Macduffs,. 10/-; Selfridges (N.Z.), 8/6; Woolworths (N.Z.), 15/4. CmtISTOHUKCH. G. J. Coles. £2/17/3, £2/17/-; Inscr. Stock, 3 p.c., 1053-56, £97/17/6. DUNEDIN. Inscr. Stock, 3 p.c., 1953-56, £97/17/6; Westport, Stockton (ord.), 2/S; Dominion Fertilizer, £l/3/-; McLeod Brothers, £23 15/-; Woolworths, N.Z., 15/4. PUBLIC REVENUE How Companies Contribute “Wo may consider how such a company as ours justifies its existence in wartime,” said Dr. E. W. Giesen, chairman of Dental and Medical Supply Co. Ltd., at the annual meeting. We liko to believe that we provide a useful and necessary service to the community, but we must also consider if we contribute usefully to the country s imperative financial needs. This is only a small company, its paid-up capital is not quite £60,000, its net profit for the year was £14,400 —taxes absorb rather more than £ll,OOO and the Government had the use of another £4OOO which was subscribed to the War Loans. But various other substantial sums add to the public revenue through the operations or such a company as this through wages tax, sales tax, Customs duty, railway freights, stamps, London exchange, etc. During the past year these, together with direct taxation, amounted to just oyer £45,000, not including the contribution •to war loans.”

Sydney Stock Exchange H)v Telegraph.—Press Assn.—Copyright.) (Received June 8, 11.30 p.m.) ' SYDNEY, June 8. Business was quiet on the Stock Exchange today. Sales: Arahura (deferred), 19/6- Tooths.- 56/-; Electrolytic Zine, 56/6; Meggitts, 31/6; Woolworths, 14/7; A. Hordern 16/3; Associated News, 15/6; Bank New South Wales, £27/10/-; Rawang, 4/4; Australgas A, £5/3/6. Gold Mining Associated Gold Dredges (N.Z.L Ltd., return for the week ended June 5 was ounces from 71,060 yards of material handled, in 314 dredging hours. Dow Jones Averages (By Telegraph.—Press Assn.—Copyright.) NEW YORK, June 8. Dow Jones averages (1926 equals 100) 20 Rail- 32 Shares

Stock And Share Indices iliv Telegraph.—Press Assn.—Conyright.) LONDON, June 8. “Financial Times” indices (1936 equals

The transfer books of the Devonport Steam Ferry Co., Ltd., will he closed from tomorrow to June 24. both days inclusive, for the payment of dividend.

3 p.c., 15/5/53-56 4 p.c., 15/2/43-46 • •••’• — 0 98 2 0 101 5 •1 p.c. 30/11/1948 102 15 0 — 4 p.c., 15/6/52-55’ 107 5 0 — 4 p.c., 31/5/54-1)8 100 5 0 — War Loan, 1/10/53 ... —— 94 10 0 Liberty Bonds, 15/9/49 0 18 9 Comm. Bank Aust. .. 0 10 10 Ditto, pref 10 0 0 Nat. Bank of N.Z. ... —— 2 11 0 Bank New Zealand ... x2 1 3 2 1 9 L’.B.A •’ 7 12 0 -—• Nat. Bk. A/asla.. £10 —— 0 Commercial 'Sydney . —— 20 U 0 Dalgety and Co 8 0 0 —— Equit. Bldgs,. £J 1 0 0 — Ditto, 10/0 10 0 —— Goldcsbrough Mort .... cl 8 0 Newton King. pref. .. —— 0 17 8 W.F.C.A.. pref O 6 6 Wgtn. Inv., T. & A. .. Wgtu. T. and Doan .. 0 7 3 —— 3 7 3 Wright, Stephenson . 1 4 0 General Finance — 0 18 0 Inv., Mort. & D. 0 9 0 — N.Z. Insurance ...... 3 0 v —— Queensland Insurance 2 16 0 Wgtn. Meat Export .. 0 9 0 Huddart, Parker 2 10 9 —— P. & U 1 16 0 Union Steam, pref. ... 1 9 0 •— Westport-Stockton, pref. — 6 0 7 0 Bonds Hosiery Mills 1 13 Felt and Textiles 2 4 9 —• Oamaru Woollen 1 4 0 — Prestige, pref. ...... 1 3 0 Timaru Woollen — 1 0 3 Wgtn. Woollen 8 O 0 — Ditto, pref 8 o 0 Leyland O’Brien Timber — 1 1 3 Ro'toitl Timber 0 5 6 —— N.Z. Breweries cl 16 9 —— Dominion Breweries . — Cl 16 9 A.C.I x2 10 6 — Broken Hill 2 2 0 —— Burns, Philp 2 14 6 / ~~~ Consol. Brick —— 0 o' 6 Claude 'Neon (N.Z.) .. 1 5 ‘6 D.I.C., pref 1 5 0 —- Dunlop Rubber 1 1 5 — Electro. Zinc, ord. ... — 2 (16 6 Griffin and .Sons, £1 1 0 0 —— Ditto, 10/0 10 0 Hume Steel, pref —• f 1 5 0 I.CJ., pref 1 5 3 —• J. J. .Niven 0 12 6 — Macduffs, ord 0 9 6 —— Ditto, pref a e O 1 3 0 McKenzies e2 4 6 —- National Electric — 1 7 6 R. & E. Tingey, pref. 1 5 0 Sbarland, ord 1 0 0 Ditto, pref 1 6 0 Win. Cable, pref 1 3 6 Woolworths ON.Z.) .. — cO 15 6 Ditto, Prop 1 6* 6 Broken Hill South ... — xl 6 9 Unofficial Modern Plastics List. 1 1 6 C. & A. Odlin 0 19 6 —— Scou-llar & Co 0 9 0 E. W. Mills 4 5 0 1 — It. & E. Tingey 1 3 0 — Frozen Products 0 7 9 —— Aust, Motorists .Petrol — 0 17 0 c Cum dividend. k Ex dividend.

1042 (hlirh) ... roads. 29.28 23.31 Industrials, sold. 119.71 92.92 — 1942 'low) . ••••j 36.00 142.39 1,310,000 3 1111.... 30.91. 142.75 1,179,000 4 ........ 30.02 142.28 1,255,000 36.62 143.08 733.000 June 7 30.22 141.02 1,213,000

100') : ■ Govt, sec’s. Home Indus- ■ Gold rnils. trials. mines. 10-12 (high) 114.4 64.6 118.0 158.1 1942 (low) . 11.3.4 54.1 06.9 1.38.1 i 112.7 67.il 122.6 158.8 o 112.fi 67.7 122.6 159.1 .Tune 3 - - - 112. G 67.6 122.6 —— 4 112.6 67.6 122.8 160.0 June 7 112.6 67.8 123.0 1603