FINANCE & COMMERCE

Dominion, Volume 37, Issue 192, 12 May 1944, 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:—

Sales In New Zealand

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 ot Wellington:— WELLINGTON.

Bank of N.S.W., £36/16/6: N.Z. Insurance, £4/9/-; South British Insurance, £3 18/6; Auckland Gas (2), T/fl; WestportStockton Coal, pref., 6/6; Dominion Breweries, £2/4/9; Broken Hill Pty. (2), £2 4/5; By croft, £2/15/2; Colonial Sugar, £5B/12/(5; Farmers’ Trading, £l/6/9; J. J. Niven, £1; Reid Rubber, £l/11/9; Wilson’s Cement, £l/0/3; IVoolworths (N.Z.), 18/4, (odd lot) 18/3. Unofficial list: Fletcher Holdings, £l/5/3. CHRISTCHURCH. N.Z. Loan and Merc., £7O; Broken Hill Pty. (2)( £2/4/3; Hays, Ltd., £2/5/-; Morris Hedstrom, £2/-; Bold Rubber, £l/11/9. DUNEDIN. Nat. Bank of N.Z., £2/15/-; Bank of N.Z., £2/4/3; Bank of N.S.W., £36/16/6; N.Z. Loan and Merc., £7O; N.Z. .Refrig., 10/- paid, 13/-; Bruce Woollen, pref, (odd lot), £l/7/6; Mac Duff’s, Ltd., 16/-; “Otago ■Daily Times,” £2/12/-. Dividends Declared Dominion Special Service. AUCKLAND, May 11. The directors of Fletcher Holdings recommend a final dividend on ordinary and preference shares -of 6 per cent, per annum, an unchanged rate, payable on June 1. Cabled information has been received t>y the local attorney for N.Z. Crown Mines Ltd. that at the annual meeting in London on May 25 the directors will 'recommend a dividend of 2d. a share, less English Income tax at 6/11 in the £l, in respect of the year ended December 31, 1943. Last year's distribution was lid. a share. Grey River Dredge The accounts of the Grey River Dredging Company for the year ended December 31. show a net profit of £25.758, compared with £40,332 in the previous year and £32.794 in 1941. The amount excludes depreciation. Throughout 1943. says the report, the dredge operated for 5593 hours, or 80 per cent, of possible digging time, and treated 3.528,114 yards of gravel, from which t1,4740z. of bullion was obtained, realizing £114,702. representing an average recovery of 7.8 d. a yard excavated. Operating costs, including taxes, totalled £86,036. equal to o.OSd. a yard, compared with £93,431, or 5.35 d. a yard, in the previous year. During I!M3 two dividends totalling 1/- a share were paid, equal to to per cent., against 16 2-3 per cent, in 1912. Wellington Poultry Prices Prices of live poultry in the Wellington markets are quoted by Townsend and Paul, Ltd., as follows: — Wlilte Leghorns: Bens (best) 4/-, u/eaeh. others 4/- each: cockerels, 1/6, 1/9 tin: pullets (best) 12/-, 18/6 each, others 6/-. 12/'- eaeli. Black Orpingtons: Hens, heavy 7/-, 11/- each, light 5/-, 7/eacli ’ cockerels, heavy 1/8. 1/10 lb. 1.w., light 1/8. 1/10 lb. l.w. Rhode Island Reds: Cockerels, 1/8. 2/- lb. l.w. Ducks: Indian Runner, young 7/-, 12/cacli: Pekin, old 4/-, 7/-> each, young 8/-, 1-27- eneh, old 5/-, 8/- each. G'eese, 0/-. 9/- each. Turkeys. 1/6. 1/9 lb. l.w. Dressed poultry: Boilers, heavy 0,-, u/eaeh: light 3/'-, •’>/- each: chickens, i o. t/S Hi. d.w.; ducks. 5/-. ~ ■ J'" 1 ' 1 , 1 1 .-’ et ' 6e > 5/.. 7/. each: turkeys, i/0, 1/8 lb., d.w. Dow Jones Averages

Stock And Share Indices <B.V Tolegraph.-Press^wsm-Copyrl ght.) “Financial Times” indices (10'26 equals

Buyers. £ s. d. Sellers. £ s. d. 2} p.c., 1/8/46 ill) 5 0 — 24 p.c., 15/0/47 98 10 0 24 p.c., 15/5/48 —-. 98 12 6 24 p.c., 15/6/47-49 .... 98 7 6 3 p.c., 1/8/51-54 r—— 100 0 0 3 p.c., 15/5/53-56 .... — 100 12 6 3 p.c., 15/12/53-56 .... —" 100 7 6 3| p.c., 15/0/57-60 .... 101 10 0 34 p.c., 15/1/53-57 .... 103 10 0 —— 4 p.c., 1’5/5/49-52 .... —— 106 5 0 4 p.c., 31/5/54-58 .... 108 5 0 Com. Bank of Sydney —- 23 0 0 Com. Bank Aust 0 18 8 — E.S. and A. Bank .... x4, 4 0 Nat. Bank of N.Z. .. —— 2 15 6 Bank N.S.W —— 37 2 6 Bank New Zealand. .. <j2 4 0 2 4 9 Union Bank 8 5 0 Nat. Bank A/sia C12 5 0 Eqult. Buildings Cl’ 0 6 Goldsbrough Mort .. 1 10 0 N.Z. Guarantee 0 4 2 — Loan and Mercantile 67 10 0 — W.F.C.A., pret OSO Wn. Inv. I. & A. ... 0 7 9 Wn. T. & Loan 3 16 0 — N.Z. Invest. Mort. ... 0 10 0 —-- Christchurch Gas .... 15 3 Ditto, contrlb 0 12 9 Wellington Gas, ord. . 1 13 3 —— Ditto, pret 10 0 National Ins Xl 4 4 New Zealand Ins — 4 9 6 Queensland Ins 3 3 0 —— Canterbury Meat .... 15 10 0 •— Gear Meat 15 6 —• N.Z. Refrig.. £1 Ditto, 10/- —• 19 0 0 13 6 Wgtn. Meat Export .. 0 13 0 •— Huddart Parker .... 3 3 0 — P. and. 0 2 ■’ 1 0 Union Steam, pref. .. 1 10 6 —- Bonds Hosiery 2 0 6 —— Pelt & Textiles 2 11 0 Kaiapol Woollen, pref. 14 3 —— Manawatu Knitting . 2 '0 0 — Prestige, pref 16 6 Tiinaru Woollen .... —- 10 9 Rotolti Timber —• 0 9 0 Taupo-Totara Timber 0 9 9 Taringamutu —— 12 7 Ditto, pref 0 10 6 •— N.Z. Breweries. 2 14 Dominion Breweries . — . 2 5 3 Tooth & Co x2 18 6 •— Ballins Brew. 15/- pd. 0 18 O' A.C.I —— 2 IS 0 C. M. Banks, pref. ... 0 15 0 •— Broken Hill x2 4 8 Consol. Brick — 0 11 0 D.I.C., pref 16 6 Dunlop Rubber —— 15 9 Electro. Zinc, pref. .. x2 18 0 Frozen Products .... G; J. Coles 0 13 7 — 3 8 6 Griflin & Sons, £1 .. 1 9 6 Ditto, 10/0 14 9 —• J. J. Niven 0 19 6 — Macduffis, ord 0 16 0 — Ditto, pref —— 17 0 McKenzies c2 18 0 Macky Logan 1 13 6 1 15 0 Metters (N.Z.) 0 17 1 — N.Z. For. Products .. — 0 7 6 Ditto, pref — 0 11 6 National Electric .... 1 12 0 1 15 0 N.Z. Drug 4 16 6 Ditto, £1 paid .... 2 17 6 N.Z. Farm. Fertilizer —— 1 5 6 Sharland & Co., ord. . xl 10 6 Ditto, pref xl 10 9 — Taranaki Oil — 0 2 9 Wilson'is Cement .... cl 0 0 — ■ Woolworths, Ltd. ... —— 10 0 Wqolworths (N.Z.) .. Ditto, pref 0 18 2 —— 2 0 0 — Ditto, Prop •— 1 11 0 Maori Gold —- 0 0 7 Walhl Invest — 0 5 7 Martha Wool worths Hold. (S. — 0 9 6 Africa) — UNOFFICIAL LIST. Assoc. Motor Petrol, xl 11 6 pref 1 5 6 — Aust. Motor. Petrol 0 18 6 Nelson Freezing ...... 4 17 6 —• Golden Bav Cement Majestic T'heatre Co., . 0 19 9 — Nelson, £1 f.p. .. —— 0 15 0 Killbrnle Theatre .'... 0 16 0 1 "■ c, cum dividend. x, ex dividend.

No. of Sale Price. shares. £ 8. d. £510 laser. Stock, 24 per cent., 15/6/47-49 (2) 98 10 0 £7000 ditto, 3 p.e., 15/12/53-56 (2) *100 3 0 £360 ditto 100 2 6 £3100 ditto, 4 p.e. , 15/5/49-52 (3) ♦106 0 0 125 Dominion I. and B 1 4 3 200 J. J. Niven . 1 0 0 50 Morris Hedstroni w 1 0 •Late sale Wednesday. AUCKLAND.

(By Telegraph.—Press NEW Assn.—Copyright.) YOJIK. May 10. bow Jones averages equals 1001:— Shares roads. Industrials sold 130.21 .■>01.000 Apr.* May May 7777 39.00 137.15 571.000 •»” 7777. .39.10 1.37.83 137.85 0-20,000 513,000 May 138.74 7S7.000 May MajS 7777 39.02 138.03 580,000 13S U.J 0'20,000 May May io 7777 iv.’to 138.70 (1+7,000

100). Govt. Home GoldmH*. trials. mines A'pr. Apr. May _’S .... i’ll’, o' 112.0 112.8 67.6 ir.ij 130.9 131.3 131.9 158.S S Ma v May May May 4 * * * ‘ .112.8 112.7 112.7 69.1 69.1 69.. .132.1 132.4 159/2 159.2 Q 112.7 132.6 158.3 May 1.0 Z.. .112.7 69.4 132.S 158.4