FINANCE & COMMERCE

Dominion, Volume 37, Issue 10, 7 October 1943, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations The latest buying and selfing quot.ittions recorded yesterday on the Welliu„ton stock Exchange were as^oßow s £ s< d. s. d.

Stock Exchange Sales Dealings in slocks and shares recorded on New Zealand Stock Exchanges yesterday were as follows, the number of shares in each lot being shown in the case of Wellington:— WELLINGTON.

Inscribed Stock. 3 P e .r cent., 15/12/53-56 (2). £ 08/5/-; ■ Commercial Bank of. Aust, ■ui/7’ "Rank of New Zealand, £2/2/-, uilio, lb/t, nanK oi v Z 1 *>/. • New Zealand D Mortgage (-), ’ pon/io/-* New Loan and Mercantile, pref £9O/10/ . New Zealand Refrigeration,. £l.paid, Timber (2), £1 Neon (New Zealand), £l/6/-. Farmers Trading £l/3/3; ditto. B pref., £l/4/6, Forest Products, 8/-: Reid Rubber, eon.., 11/-* Woolworths (New Zealand), lb/b, Woolworths (Sydney), 17/9: Waihr Investments 4/8. Unofficial list: Fletcher, r'ghts, 2/ • Hellabvs £5/12/- per cent, pref., £1 o/l Round 1 ’Hill Gold 17/6; Self ridges (New Zealand), paid, 13/-.

CHRISTCHURCH. £l/14/-' N.Z. Newspapers, £l/18/0, wool ■SnrthC <qvd ) (2) 17/9; Gillespies Beach, 3*d. Unofficial list: Whakatane Paper Mills, ord.. 8/-.

DUNEDIN. Inser. Stock. 3 p.c.. 15/12/53-M £9B; Nat. £l/6/-’; worths (N.Z.), 16/8.

London Stock Exchange (Rv Telegraph.—Press Assn.—Copyright.) (By reiegrap LONDON. October' 5. On the Stock Exchange quotations ban£ Xes and other corpora ion debentures and stocks ,compare •with, pieviou

Howard Smith Dividend Howard Smith-Ltd.’ changed), payable on October -7.

Gillespie’s Beach Year The annual report ot’ Gillespie’s. Beach Gold Dredging Company (West Coast) for thn rear ended June 30 states tnar lul dredge treated 567,632 yards for a return „« 107(10-/, of gold valued at £lo.ti-10, on which gold export tax ot £1562 I ,al(I j Net profit amounted to —compaiu with £3295 In the previous >® ar - " 701 475 yards were treated. Shortage ot labour 'unavoidable delays and increased maintenance costs contributed to the poorer results. It has long been recognised, state the directors, that average value® would decrease as dredging proceeds "oHhward. but they look forward to in'pru'KPd returns as soon as the dreu„c reaches the original profitable lead temporarily abandoned three years ago. Gold Mining The Slab Hut dredge last week returned COoz. for 103 hours from 14.9(6 yards. . Alexander Mines Ltd. give the tollowing gold returns for August anil September:— Battery department: 137 tons ot ore crushed for’l9oz. Sdwt. ot melted gold. Cyanide department: SO tons ot sands cyanided to 9oz. Sdwt. of bullion. Total estimated value £220. Concentrates: In ndditon to the above. 2J tons of concentrates were saved, valued at £6O. Note: In estimating the above values gold has been taken at 160/- a line ounce.

Dividends And Calls

Stock And Share Indices

James Stedman Profit James Stedman Henderson f Sweets Ltd. enS 1 J une W compared’ with £39^ in on prdereuce and 5 per ceuL on ordinary shares. Dow Jones Averages NEW YORK, October i. Dow Jones avera .^ es ß^i 1 1 9 . 23 Shades

Aust. Paper Manufacturers, Ltd. Australian Paper s l aUufa f ctu . ra JLala“6a l ii (the operating company ot Austraia-iai paper mid Pulp Co ot y and ot Cumberland Paper Co. of June a profit of £254.069 for j£ 30 alter providing £329,08-> tor tion and an undisclosed anl ?JJ at _° n. A as tlon. For the preceding year the profit was £243,558 (after depreciation £-46.0-J. bad debts £2500, and tax ation) Irtferencc dividend of 6 per cent, anil dead to holding companies are ,,"” c The directors’ report stated that during the year output was 122,413 tons of paper and paper board. Civilan needs had to be reduced owing to the direct and indirect defence requirements.

21 p.c., 1/8/16 97 15 0 — 24 P.C., 15/9/17 ' 97 0 0 — 3 p.c., 15/7/1940 .... 9!) 5 0 — 3 p.c., l/8/ul-34 9S 2 6 0 3 p.c., 15/5/53-«>6 bs io 0 — 3 p.c., 15/12/53-iili ... OS 0 0 —— 31 p.c., 15/9/57-00 ... 100 0 0 — 4 p.c., 15/2/43-W ...... 101 0 0 — 4 p.c., 15/4/46-49 .... 103 15 0 . .—. War Loan, 24 p.c., 1/ 10/53 93 5 0 — Liberty Bonds, 15/9/49 0 19 0 —■ Comm. Bank Aust. .. 0 16 6 — Nat. Bank N.Z 2 9 6 Rank N S W 33 17 6 Bank New Zealand ... 2 2 4 Ditto, D Mort 1 11 9 — Union Bank Aust. ... —— 7 14 0 Euult. Buildings ' .... 1 0 3 —— Newton, King, pref. . 0 10 6 — N.Z. Guarantee 0 o 4 ■\V F C A prpf. ...... 0 7 0 I ■! Wn. Inv. T. & A 0 7 — Wgtn T. and Loan . 3 S 0 — N.Z. & River I J late . 0 16 6 0 19 0 Nat. Mortgage “A” . —— 3 2 0 Christchurch Gas .... —— 1 »J 0 Ditto, cont —— 0 12 0 Wgtn. Gas, ord 1 11 o . —— 1 3 National Ins. 1 3 6 1« 4 0 New Zealand Ins." . 4 3 9 4 5 0 Queensland Ins 3 O 6 South British Ins. .. — c3 13 6 Standard Ins. ........ 3 14 6 3 15 6 Canterbury Meat ’ ... 14 10 0 — 1 2 6 ■■■ ■ N.Z. Refrig., £1 .... 1 5 9 —- Wgtn. Meat Export . 0 11 6 —— Huddart, Parker .... 2 17 0 Union Steam 1 10 0 1 11 0 Northern Steam .... —— 0 9 6 1 5 0 —— Bruce Woollen 1 10 6 Kelt & Texiles ..... .2 9 3 — Manawatu Knitting . 1 16 0 —• Prestige, pref 1 7 3 Timaru Woollen .... 1 0 8 1 1 6 8 12 0 —— Ditto, pref 8 14 6 — Rotoiti Timber 0 6 6 N 7. Rrpwertes ...... 1 16 6 — Tooth Rrpwprv ...... 2 17 3 British Tobacco .... 2 7 0 — 3 0 0 0 6 6 — D.I.C.. pref - - Dunlop Rubber 1 6 1 3 0 6 1 *4 6 Gridin & Sons, .£1 •• 1 0 0 — Ditto 10/0 10 0 ~ !! — O 14 3 — TOT prof. 1. 5 6 0 15 o . — 0 13 3 2 7 0 — 1 10 0 Metters (N.Z.) ...... 0 17 3 — Morris. Hedstrom 1 13 0 Nat TCIoetrie ' 1 S 0 VZ. Farm. Fert., pref. 1 3 3 — N.Z. Newspapers ..... 1 IS 0 — 1 8 0 Ditto prof 1 9 0 —— 0 3 0 0 4 9 Woolworths, Ltd : XO IS 0 Woolworths (N.Z.) .. 0 16 Ditto, pref xl 18 6 Union Oil. Soap and 1 9 6 1 10 6 1 8 G — 1 1 6 —— 0 It 0 —— Mt.” Lyell 1 10 0 0 Lolonia ■3 6 0 Woolworths Hold. OS. .1 o ■ - IX O c. Cum dir. x Ex div.

No. of Sale Price, p. r. d. shares. ~ , , min £200 Inscr. -Stock, 4 p.c.» 1J4o‘101 s 0 £200 Ditto, 4 p.c.. 1946-49 103 17 6 0 3w BanK oi pi.**. v-/ o 127 Ditto. D 3Iort. 500 Timaru Woollen (2) 1. 0 0 13 y 0 200 Macduffs, Ltd. o ie 150 Woohvorths (N.Z.) ...... •Late sale Tuesday. AUCKLAND.

quotations as follows: Ocf 3 T> V«s £ 6. (1. £ S ’ .... 6 7 6 6 10 0 E.S. and A. .. Union of Aust. .... 3 5 9 3 b v . 5 2 6 >> 2 fa ■” 20 10 0 20 10. 0 .National of N.Z 'll’... 1 17 0 1 17 0 ... 1 10 0 1 0 fa Others — i ix n 1 14 0 H o hi P. al and 0. def. 1 13 3 1 13 0 N -4p^°, a d e b nd . 86 0 0 88 0 0 N ord L ° an a . nd .--“ - 30 10 0 32 12 6

Oct. 13 Woolworths (Syd.)—int., 5 p.c., Oct. la (N.Z.‘ — half-year Oct. p ref ■ ■ 1 p.c. ...... Woolworths (Vic.) —mt. ojj p.c., Comata Roofs —dr. a share ...... South British Ins.—final 1/- a Oct. Oct. Oct. 15 18 share, plus 3d. bonus Guarantee Corp.—U<1. a share Oct. Oct. South Otago Freezing—ord., .j p.c. Kenuwn Collieries—7 p.c. pref., bit. a share ord Wm. Cable—int. pref., 31 p.c. .. I.C.I.—int., 3 p.c. pa. Nov. Dee. 1 Electro Zinc—final, pref, and ord.. 5 P.c. Dec. 31

(By Telegraph.-Press —Copyright.! October 4. Govt, sec’s. Home Goldrails. trials. mines. 1942 (high) . 1942 (low) . Sept. 27 . ... Sept. 28 ... Sept. 29 .... Sept. 30 .... Oct. 1 .... Oct, 4 .... 114.4 113.4 112.5 112>> 112.0 112.7 112.7 04.6 54.1 00.3 60.3 00.2 06.2 60.1 65.1 11S.0 96.9 130.2 130.2 130.2 130.2 130.2 130.6 158.1 128.1 165.4 165.1 163.6 105.2 165.4 165.3

roads. Industrials, sold. 3912 (high) .... 29.28 119.71 92.92 f39.27 1942 (low) ,23.31 34.70 34.S1 35.11 607,000 Sept 28 - 139.75 466,000 Sept Sept 29 30 140.12 110.33 571,000 550,000 Oct. 1 140.27 272.000 Oct Oct. 3 S’ 00 139.63 497,000