FINANCE & COMMERCE

Dominion, Volume 37, Issue 14, 12 October 1943, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations The latest buying and recorded yesterday on t>‘e .Stock Exchange were as, follow a. £s. d. Ks. d.

Stock Exchange Sales Dealin-s in stocks and shares recorded nn New Zealand Stock Exchanges yesSS iMWtftSS *O- of £ s. d. shares. , -i/cr £6OO Inscr. Stock, o p.c., 1/8/ - 0 £5OO Ditto,p.'c.. 15/12/53-56 •S? 0 10 Bank of •>* 100 Tui Brewery J “I 0 500 National Electric n 16 S , 400 Woolworths (N.Z.) 0 lo AUCKLAND. ; Insurance £3/13/-: Northern Steam, 9A, rights, 2/6, CIIKISTCHUKCH. Inscr. Stock, 2J per cent 15/8/47-4 0 (2n £97; ditto, 4 per cent., . 19 ' 13 :F' S ’ n ” ite q 7/6- Com. Bank of Aust., IG/&, Unitea Building (2), £l/2/-: w cstPort-Stockton Coal, pref, 6/-; Christchurch Gas, £l/4/b. Carrier Air Conditioning, £l,. N.Z. papers, £l/18/6. Unofficial list. Aust. Motorists’ Petrol, 18/6. DUNEDIN. Inscr. Stock, 3 per cent., 15/12/53-56, £9B 5/-; Broken Hill Pty., , Consol. Brick, 10/3; Woolworths (A.Z.), 16/8. Felt & Textiles Capital The capital of Felt and Textiles of New Zealand Ltd., a subsidiary of Felt and Textiles of Australia, Ltd.._ has been increased by £lOO,OOO to £170,000. Westland Breweries, Ltd. The annual report of Westland Breweries. Ltd., shows a net profit for the M-ar Of £11,847, compared with £.JJOI last year. After provision of £Bl9l lor t axa tion, the balance of £4480 is being c ar j’c forward against £ll2a brought in. Ibc directors consider it desirable, in view of the uncertainty of general trading condi tions to build up the cash position of the company and carry forward the balance in lien of recommending the distribution of a dividend. Mt. Morgan Operations Mount Morgan Ltd. rcpoijls that for the four wdefe ended September 19 there was an estimated working deficit of £3oM. Iu arriving nt the working deficit no provision has been made for depreciation, overhead expenses ot £l7OO and Prefereuce share dividend £1231. Capital expenditure amounted to £11,060. Mining operations were continuous. Both mills Jj?* creased throughput compared with the previous period. The smelter operated con." tinuously. Brown, Ewing & Co. Brown, Ewing and Co., Ltd., advise that transfer books will be closed from. October 13 till October 27. inclusive. Opossum Skin Sale It the first opossum skin sale of the season in Dunedin last week approximnteIv 86,000 skins were submitted to a good attendance. Though some districts had a wet season the quality of the skins, with one or two exceptions, was about on a par with last year’s. The condition of consignments on the whole was fairly satisfactory, fatting, stretching, etc., being well done. The demand was good and values ns compared with October prices last vear arc quoted as follows: Blues and greys, 3/- to 7/- each dearer; other colours, all grades, 1/- to 2/6 each dearer with the exception of badly damaged skins. Blues sold up to 18/4 each, greys to 14/6, greys (rusty) to 9/M, red necks to 10/3. browns to 9/-, blacks to S/S, aud slates to «/-. N.Z. Exchange Rates Telegraphic rates of exchange on overseas centres, as supplied by the Bank or New South Wales, are as follows:On Buying. Selling New York, (101. to £N.Z. 3.2M2 ' 3 2050 Montreal, dol. to £N.Z. .. 3-W39 India, pence to rupee .... 22 3-16 22 11-1; Cevlon, pence to rupee .. 2'2 3-16 2’2 11-10 London. £N,Z. to filOOstg. 124 3-8 123 Aust., £N.Z. to £IOOA ..100} 100 Fiji, £N.Z. to £IOOF. ... 90 BSO-8 S. Afric, £N.Z. to SIOOS.A. 123 12a 1-8 Chungking, N.Z. pence to 1 Chinese Natl, dollar . — <

Aust. Distillery Co., Ltd.

Australian Distillery Co., Ltd., shows profit of £4780 for the year to July JL an increase of £958 compared with previous year. Dividend is raised from 3.8 per cent, to 5 per cent., absorbing £4894. Nearly all the funds of the company are invested in an 8| per cent, interest in* United Distillers Pty. Ltd., which in turn holds all the capital of the operating subsldiaries. Federal Distilleries Ity. Ltd. (fort Melbourne) ami Distillers Corporation Pty. Ltd. (Corio). Profit of £53,011 was earned by United Distillers for the year to February 28, against £58,390 in 1941-42. Decreased profit was due to the reduced dividend from the operating companies. Dividend from Distillers Corporation was £40,000, against £51,000. No dividend was rece vod from Federal this year, compared with £5OOO In 19-12. United dividend Is increased by 1 per cent, to 5 per cent. Federal Distillers reported profit of £7031 for the year to January 31, compared with £11,2<0, and Distillers Corporation £5-1,02b, against £14,810.

p.c„ 1/S/4G 97 15 0 — •24 p.e„ 15/9/47 9T 0 24 P.C., 15/6/47-4 J ••• 0 3 p.c.. l«>/7/1945 .... ’JU 08 0 3 p.c., 1/8/51-34 3 p.c., 15/9/o2-5o •••• 98 0 0 3 p.c., 15/5/t>3-«XJ 9S 0 0 3 U.C., 15/12/53-5G .... 98 • G 31 p.c.. 15/1/56-59 .... 100 o 0 31 p.c., 15/9/57-00 .... 100 ■— 101 0 0 4 p.c.', 30/11/1948 .... 4 p.c.. 15/4/40-40 .... 4 p.c., 31/5/54-5S .... 104 • 6 104 10 0 107 7 0 •24 p.c., 1/10/33 93 10 0 — Liberty Bonds, lu/9/49 0 19 0 — Comm. Bank Aust. 0 16 Nat. Bank N.Z -- 10 0 Bank New Zealand . — — — Ditto. D Mort 1 11 9 — Goidsbrugh Mort. 1 8 3 —• Newton, King, pref. . N.Z. Guarantee .... 0 19 6 xO o W.F.C.A., pref 0 0 —— IVn. Inv. T. & A 0 7 — Wgtn T. and Loan . O 8 0 — Wright. Stephenson . Nat. Mortgage, A .... Abraham & Williams . 3 0 6 — 0 11 Traders’ Finance, cont. O 0 Christchurch Gas .... Ditto cent ....... 1 0 4 11 3 0 0 12 0 Wgtn. Gas. ord 1 11 3 1 12 5 New Zealand ins. ... 4 Queensland Ins. ..... 3 0 6 c3 . South British Ins. ... 14 —— 13 Canterbury Meat ... 10 0 Gear Meat 1 N.Z. Refrig., £1 .... 1 11 yjitto 10/- ........ 0 12 Huddar’t. Parker .... 219 9 Westport Coal 1 b 0 — g Kaiapoi M oollcn, ora. Ditto, pre! 1 Prestige, pref 1 7 o 6 Tim ar u Woollen Wgtn. Woollen s 12 6 8 ].» 0 N.Z. Breweries 1 16 10 — 12 9 British Tobacco .... 7 0 — 0 0 0 (J 6 —— Cox Bros. ’.uvv”* Claude Neon (N.Z.) .. 1 6 — D.I.C., ord 0 1< 1 6 0 Dunlop Rubber Grlllin and Sons, £1 . 1 1 0 6 Ditto 10/0 10 0 15 0 — I.C.i.7 pref 1 0 12 6 10 — 1 4 3 •— •o 7 3 —— 1 10 0 Matters (N.Z.) 3 6 0 1< Morris Hedstrom .... 1 1 13 9 — N.Z.' Farm. Fert 1 0 0 — 1 3 3 1711UO, ••••-• 18 9 N.Z. Newspapers .... 9 Taranaki Oil • ••• ••••• 0 3 o 0 o 9 Wool worths (N.Z.) .. 0 10 7 6 Arahura, ord 1 1 —. T.ynll . • 1 10 0 — — 0 Woolworths Hold, (b xl 1 ' UNOFFICIAL LIST. TH TV .Wile 95 0 V 100 0 0 Waimii-o-mata Land Develop., 5 P- c - A.P.A ;•••••• Aust. Motorists’ Petrol Kilbirnie Theatres .. 0 0 0 14 Ifi 14 0 0 0 Keystone Investments o 0 o' div Frozen Products ... c Cum dividend. u jm x Ex idend.