FINANCE & COMMERCE

Dominion, Volume 37, Issue 20, 19 October 1943, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations The latest buying and selling nnotations recorded yesterday on the elhngton 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 of shares in each lot being shown in the case or Wellington: WELLINGTON.

Inscribed Stock, 3 per cent... 15/5/53-5i4, £9S/17/C; ditto. 3 per cent _ 10/12/a3-ob, £9B/7/0; ditto. 3J P?! - cent.. -103, ditto 4 per cent.. 1948, £105; ditto, 4 per cent.,’ 1943-46. £lOl/7/6; ditto, 4 i>er cent.. los°-55 £’loo/15/-: Commercial Bank oi Sydney, £2l: Union Bank, £7/13/6; South British Insurance, £3/12/-;. Auckland Gas, 7/-- ditto, con., 2/11; Northern Steam, 9/6,Tinitiru Woollen. £l/0/7; Broken Hill Pty.. £2/5/-:. Consol. Brick (2), 10/6; Union Oil £l/10/-: Martha, fl/-; Broken Hil» South £l/7/-. Unofficial list; Fletcher Holdings, rights. 2/-. 1/10. 1/9. CHRISTCHURCH. Inscribed Stock, 3 per cent., £9B/15/-; Gear Meat, £l/o/6; M estportStockton Coal. 2/9: N.Z. Breweries £1 /17/fl; G. J. Coles, £3: Macduffs Ltd., 13/4, Wilson's Cement, 18/11. DUNEDIN. Mt. Mqrgan. 9/3. Unofficial list: Whakatane Paper Mills, S/-. Dividends Declared The directors of the National Bank of Australasia Ltd. have decided-recom-mend to shareholders, subject to a ndlt> payment of a final dividend of -i per cent on both classes ot shares, making the dividend for the year ended September 30 last 5 per cent. Transfer books close from November u to November 24. inclusive. Broken Hill Pty. has declared a halfvearlv dividend of 6d. a share, Australian Currency payable on November 24. Transfar books close on October The directors of the British Tobacco Co (Aust.) Ltd., have declared a dividend ou the preference shares at the rate of 64 per cent, per annum, for the three months ending October 31, payable on OctoThe "directors of Electric and Plumbing Supplies Ltd. have decided to recommend to shareholders a dividend at the rate of 2} per cent. Transfer Iteoks will close at noon on October 26. Gold MiningThe Ngahere return for the fortnight ended Oc'tol.er 15 was 16Soz. for 213 hours from 105.81)0 yards. , , Grev River reports a return for the fortnight ended October 14 of oOooz. for 250 hours from 119.233 yards, her September Hie totals were 4170 z., •>.» hours, 203,102 yards. New D.I.G. Directors Dominion Special Service. DUNEDIN, October 18. .Messrs. IT. C. Hassall, Christchurch, and P M- lialsteil, Dunedin, have joined the board of director.., of the Drapery and General Importing Coy., Ltd. Aust. Pastoral Company Results The net profits ot five (“the big five ) Australian pastoral companies (Australian Estates Australian T' al ?d, and srin l»tl ~ decreased to £573.489 in 1940 J1, and fell further in 1941-4- to £ 19-.-44 •— cent, of shareholders* funds). Tn the fol lowing table gross profits for the past three years of tlio five companies men-

Buyers. Sellers. £ s. d. £ s. d. 21 p.e.. 1/8/40 97 15 0 — 21 p.e.. 15/9/47 97 0 0 —— 3 D.C., 15/7/19-15 .... 98 7 0 3 p.e., l/S/51-o4 6 — — 3 p.e., 15/9/52-55 97 17 6 —— 3 p.e., 15/12/53-56 .... 3 p.e., 15/12/53-56 .... 9S 15 98 5 0 0 99 0 9S 7 0 6 3) P.C., 15/1/0(>-l>9 100 JO o — 31 p.e., 1'5/9/57-60 .... JOO 2 6 —- 34 p.e., 15/1/53-;»7 .... 102 10 o — 4 p.e. 30/11/1948 104 7 6 — 4 p.e., 15/5/49-52 105 0 0 — 4 p.e., 15/6/52-55 ..... 4 p.e., 31/5/54-58 106 7 107 15 6 0 — 21 p.e., 1/10/53 93 12 6 —• 4 p.e., 15/8/52-55 .... 106 7 6 —— Libertv Bonds, lo/D/19 0 19 0 ■ ■ 9 10 0 Nat. Bank of N.Z. .. . 2 JO 9 — Bank N.Z.. "D” Mort. 1 11 9 -—■ Equit Bldzs 1 0 6 ■. - New. King pref. .... 1 0 0 —- N.Z. Guarantee .... SO 3 o — W.F.C.A., pref 0 7 0 —— Wn. Inv. T. & A 0 7 Wgtn T. anil Loan . N.Z. Inv. Mort 3 S 0 10 0 0 — Christchurch Gas 1 4 o Wgtn. Gas, ord. .... 1 11 6 1 12 o Ditto, pref 1 3 9 •— National Ins. ...... 1 3 9 N.Z. Ins 4 '4 9 4 6 0 Queensland Ins. .... 3 0 6 South British Ins. .. —— x3 12 6 3 14 6 3 lo 6 CJpjir Mont. • 1 3 r. — Hnddart. Parker .... 2 19 0 Union Steam. pref. .. 1 10 0 1 11 0 West port Coal 1 5 0 ..i - 1 10 6 Prestige pref 1 7 0 Timaru M oollen .... —— 1 1 3 IVptn Woollen ...... S 12 6 S 15 0 — 2 5 0 1 17 0 2 15 0 2 17 0 ACT 2 16 9 British Tobacco .... 2 7 0 ■ y 2 5 Philo ....... 3 0 0 —- Colonial Sugar ..... 57 5 0 10 0 0 10 7 Cox Bros 'ft.0 6 fl — Claude Neon (N.Z.) .. 1 5 9 — D.I.C., ord 0 IS 0 — 1 6 0 — *1 fl E Zine ord .... — 2 17 Ditto pref 2 18 0 Grifiin and Sons, £1 . 1 2 6 — Ditto 10/0 11 3 Hunte Pipe 0 15 3 — T C T nref 1 5 ft 0 15 6 ■ ■ ‘U* 0 13 4 —— Ditto, pref 1. 4 ;; — McKenzies 2 7 3 Mackay Logan 1. 10 0 —• Metters (N.Z.) 0 17 3 —* Morris Heilstrom .... 1 13 ft Nnt Electric 1 9 •N ■ -- N Z Drug 4 9 0 —- N.Z. Farm Fert 1 0 3 — N.Z. Newspapers .... 1 IS 9 1 s 0 ■■ ■■ Ditto nref 1 9 0 0 3 9 rp O Dpvplnp - . 0 2 0 Washington Soul —. 4 0 0 IVilson’s Cement .... —— 0 19 0 Woolworths Ltd —- 8 0 18 6 Woolworths (N.Z.) 0 16 —— 1 8 6 .■ « 1 1 6 — Nth. Broken Hill .... 2 8 0 New Broken Hill Woolworths Hold. (S. —• 1 0 0 4 frien1 • 1 7 6 .1. UNOFFICIAL LIST. Fletcher Holdings, 0 14 0 — 0 2 0 0 2 Wainuj-o-mata Land Develop., 5 P-c., 31/5/46 97 10 0 Wliakatane Paper Mills 0 9 0 E * W Mills 4 15 0 — Kevstone Investments 0 3 0 — Kilbirnie Theatres ... 0 11 3 —- Frozen Products .... 0 12 ft —— Rubber Distributors . 1 4 0 —• Modern Plastics .... 0 19 b —— c Cum dividend. x Ex dividend.

Sale No. of shares ... £1100 Inscr. Stock, 21 p.c., l/10/o3 (2) price £ s. 93 15 a. 0 £500 Ditto, 3 p.c., 1/8/51-54 .. 98 7 6 £700 Ditto; 3 p.c., 15/5/53-56 •98 15 0 £2050 Ditto, 3 p.c., lo/12/53-oO .. •98 5 ■ 0 200 Union Bank * 4 12 100 South British Insurance . 3 12 0 1 3 G •3 0 0 1 10 0 166 5ft Tivell •1 10 3 •Late sale, Friday. AUCKLAND.

tinned tire compared:— 19-10-41 1941-42 Gross profits £ Australian Estate Aust. Mercantile "(9.4. Paltrctv and Co. 1,109,871 £ 315. ISO ■191.007 1.102,520 i 275.591 412,884 ,253.523 fioldsbroiigh. Mort 012.951 972,055 921.263 N.Z. Loan and. Mere. 546.149 519.759 520.S72 o 3.242.196 3.374,7S7 3 ;,384,139 Total taxation of the from £4311.041 in 1939-10 companies rose to £654,497 in 1910-41 and to £786.1 SI in 1941-4-. The next table compares the net profits of the five companies 1939-40 1940-41 1941-42 Net profits £ £ Australian Estates 74.428 Aust. Mercantile 137.S9O Pallet v and Co. 147,6853.194 07,995 157,915 39.492 56.171 138,895 Goldsbrougb. Mort 201, 205.428 102,991 N.Z. Loan and Merc. 109.136 88,959 65,395 £ 670.501 573,489 402,944