FINANCE & COMMERCE

Dominion, Volume 37, Issue 189, 9 May 1944, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations The latest biiylug aud selling quotations recorded yesterday ou the Welllugton Stock Exchange were as follows: —

UNOFFICIAL LIST. Assoc. Motorists’ Pet., pref. 1 5 0 — Aust. Motorists’ Pet. cO 18 6 — Fletcher Holdings .. 14 1) — A.P.A 019 0 — Nelson Freezing .... 417 6 — Golden Bay Cement .. 0 19 9 — Selfridges (N.Z.), 16/pald 0 12 O — c, cum dividend; x, ex dividend. Sales In New Zealand 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 of Wellington:—

AUCKLAND. Comm. Bank of Aust,, 18/8; Nat. Bank of N.Z., £2/15/-; Bunk of N.Z., £2/4/1, £2/4/2; Bank of N.S.W., £37/2/6; Bank of A’asia, £9/9/-; N.Z. Insurance. £4 fl/-; Auckland Gas. 7/7; ditto, 34 p.c.. perp, debs., £BB/10/-; N.Z. Breweries, £2/1/3: Burns. Philp (2). £3/3/0. G. J. Coles., £3 7/-; Milne and Choyce. deb. stock, £l/6/-; Martha, 0/3. CHBISTCHUBCH. Nat. Bank of N.Z., £2/15/-; Bank of N.Z., £2/4/1; Bank of N.S.W., £37; National Insurance, £l/4/6; Morris Hedstrom, £2/1/-. DUNEDIN. Comm. Bank of Aust., 18/8. /' Dividends Declared Alloy Steel (N.Z.), Limited, advises that a final dividend o£ 34 per cent., making a total of 7 per cent, for the year, together with a bonus of 1/- a share will be recommended by’ the directors at the annual meeting on May 25. The dividend, if approved. will be paid on May 25, to members on the share register as at April 26. The dividend and bonus rate are unchanged. ■ Knnieri Gold Dredging has declared a dividend of 1/- a share, payable on May 19. The transfer books of P. and O. Colonial Stock Trust. Ltd., will be closed May 1023 inclusive. Aust. Share Limits A list of revised share price limits which came into effect on the Sydney Stock Exchange on Friday ineluded the following:— Goldsbrough Mort, minimum 25/6, maximum 31/9, ceiling 3’l/9; 31011111 Lyell, 27/-, 33/6, 33/0; North Broken Hill, 46/3, 55/6, 56/6; Broken Hill South, 23/9, 29/6, 29/6; Barrvtown deferred. 4/6. 5/6, 18/-; New Occidental, 11/9, 13/9. 16/3. Gold Mining Blackwater Mines Ltd. give the following return for the four weeks ended April 21, 1944: crushed, 2029 tons, yielding 771 ounces of .gold from all sources, the value of which, when taking gold at 168/- a tine ounce, was £6476: working expenses, not Including ordinary or war duty, £6728; development expenditure, £397; capital expenditure, £ 561. " Maori Gold returned 18 ounces for il hours from 7500 yards. Clutha River dredge returned S3oz. for 80 hours. , , Gillespie’s Beach returned 19oz. 2dwt. for 101 hours from 13,080 yards. Metal Quotations Roeent. metal quotations in London are as follows :-rCopper, electric, wire bars, £O2; lead, soft, spot, £25; spelter, £25 10/- ton; tin, standard, spot, £3OO ton; silver, standard, spot, 1/114 (unchanged), forward 1/HJ (unchanged); fine, spot, 2/1 3-8 (unchanged)’ oz; gold, fine. £B/8/- oz. (Bank of England buying price); platinum, £9 oz.; pig iron, ton (home trade), £6/8/-; anitmony, ton, British, £120; Molybdenite, unit, 48/- to 52/- (nominal); wolfram, unit, 55/-. Austral-N.Z. Prospects Considerably better results from the area ahead of the dredge were expected, said the chairman, at the annual meeting of Austral New Zealand Mining Ltd., in Sydney recently. If anything like the returns indicated by boring could be secured, the financial position would soon show, marked improvement. The dredge should be operating in the area ‘ north of Lowbtirn bridge within two or three months, when the better returns would be looked tor. The New Zealand Government's ban on Sunday working had made good working time impossible.

Buyers. £ s. d. Sellers. £ s. d. 2-J p.c., 1/8/40 99 5 0 —— 2i p.c., 15/9/47 98 10 0 24 p.c., 15/6/47-49 .... 98 7 6 —- 24 p.c., 1/10/53 —— 99 10 0 3 p.c., 15/9/52-55 .... 99 12 6 —— 3 p.c., 15/12/53-56 .... 100 10 0 31 p.c., 15/1/50-59 .... 101 12 6 — 3i p.c-. 15/9/57-60 ., 101 12 6 a— 34 p.c., 15/1/53-57 .... 103 10 0 aaa 4'p.c., 30/11/1948 .... 4 p.c., 15/5/49-52 .... 104 12 6 —— ——- 106 2 6 4 p.c., 31/5/ 54-58 .... IOS 5 0 —• Com. Bank of Sydney — 23 0 0 Com. Bank Aust. ... 0 18 7 wa E.S. and A. Bank x4 4 6 — Nat. Bank N.Z —— 2 15 6 Bank N.S.W —— x37 2 6 Bank New Zealand ... c2 3 10 — Union Bank 8 5 u — Nat. Bank Aust. .... C12 5 0 — Golds. Mort 1 10 0 •— N.Z. Guarantee 0 4 2 — Loan and Merc 65 0 0 •—a W.F.C.A., pref 0 8 9 aaa IVn. Inv. T. and A. .. 0 7 9 a— . Wn. T. and Loan .... 3 16 0 a— Christchurch Gas .... 15 3 W-— Wellington Gas, ord. . 1 13 0 ■■ ■■ Ditto, pref. 15 0 —— National Ins MW xl 4 9 Queensland Ins 3 2 0 — Canterbury Meat .... 15 10 0 —— Gear Meat 15 6 16 9 N.Z. Refrig., £1 .... —— 19 0 Ditto, 10/- — . 0 13 9 Huddart, Parker .... — 3 3 0 P. and 0 —— 2 2 0 Bonds Hosiery ...... 2 0 0 aw Felt and Textiles .... 2 10 0 aw Kaiapoi Woollen, pref. 14 6 w Manawatu Knitting .. 2 0 0 a— Prestige, pref 16 6 ■ aaa. Timaru Woollen .... — 10 9 Leyland O’Brien .... 13 6 •— Roto-iti Timber 0 8 0 —— Taupo-Totara wa 0 9 9 Tarlngamutu — 12 7 Ditto, pref 0 10 6 —— N.Z. Breweries —— 2 16 Dominion Breweries . — 2 5 3 Tooth and Co 2 18 9 3 0 0 Ballins Breweries 0 18 0 — A.C.I —— 2 18 0 C. M. Banks, pref. ... 0 14 6 aaa. Broken Hill MW x2 5 0 Burns, Philp 3 10 — Ditto, South Seas .. 110 a— Consol. Brick —- 0 11 0 D.I.C.. pref 16 6 Mila Dunlop Rubber —— 1 o 9 E. Zinc, pref 2 18 0 —a— Frozen Prod 0 13 6 «W G. J. Coles —— 3 8 6 Grillin and Sons, £1 . 19 6 a— Ditto, 10/0 14 6 aw J. J. Niven 0 19 0 aw Maeduffs, ord 0 15 10 0 16 4 Ditto, pref — 17 0 McKenzies 2 17 6 aw Mackay Logan 1 12 0 aaa. Metters (N.Z.) 0 17 0 aw N.Z. Forest Prod aw 0 7 6 Ditto, pref. ...... —- 0 11 6 Nat. Electric 1 12 0 . aw N.Z. Drug 4 16 6 a n« N.Z. Farm Fert — 1 5 6 Sharland, ord. Ditto, pref. ' xl 10 6 aw xl 10 9 MW Taranaki Oil —— 0 2 9 Wilson’s Cement .... XO 19 9 aw . Woolworths Ltd —— 10 0 Woolworths (N.Z.) 0 18 1 MW Ditto, pref 2 0 0 MW Ditto, Prop — • 1 11 9 Austral N.Z 0 13 10 0 14 10 Wgtn. Alluvials Woolwoxthg Hold. 0 2 6 — l(South Africa) — xl 11 6

WELLINGTON. No. of Sale. Shares. Price. £ s. d. 750 Rotoiti Timber 0 8 « 150 N.Z. Breweries 2 13 400 Macduffs Ltd 0 16 0 300 Ditto, pref •Late sale, Friday. *16 9