FINANCE & COMMERCE

Dominion, Volume 37, Issue 193, 13 May 1944, Page 8

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selltn~ quotations recorded yesterday od the VVellingtou Stock Exchange were as follows; —

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 of shares in each lot being shown in the case of Wellington:— ,

AUCKLAND. laser. Stock, 3 p.e., 15/5/53-56, £lOO/6/-; Wool Bonds, 1/2/48, £l/0/3; Comm. Bank of Aust.. 18/9; Comm. Banking Co., of Sydney, £22/10/-; Abraham and Williams, 3| p.c., perp, debs., £B6; Dominion I. ami , ■B.. £l/4/3; Northern Steam, con.’, 3/2; Ballin’s Breweries. 18/6; British Tobacco, £2/12/-; Burns. Philp (2). £3/3/6; D.1.C.. £1; General Industries, £l/4/-; Farmers’ Trading (odd lot). £l/6/7; Hadfields Steel, 13/3: N.z. Drug Co., £4/17/3; Wilsons Cement. £l/0/3; Woolworths (NJZ.). (2), 18/4; Maori Gold, od.; Emperor Mines, 13/3; Mt. Morgan, 8/-. Unofficial list; Fletcher Holdings (3), £l/S/3. CHRISTCHURCH. Inscr. Stock. 3 p.c., 15/9/52, £99/15/-,' ditto, 3 P.c.. 15/12/53-56 (2). £lOO/2/6; Bank of Australasia. £9/11/-; Comm. Backing Go. of Sydney. £22/10/-; National Mortgage, B, £l/16/-; South British Insurance. £3/18/6; Canterbury Frozen Meat, pref.. £9/5/-; N.Z. Ref rig.. 10/- paid, 13/-; Beath and Co.. £l/9/9; General Industries. £l/3/10; M.K. Manufacturers. 7/2: Woolworths' (N.Z.). 18/4; Maori Gold, od.; Mt. Morgan (2). 8/-. DUNEDIN. Inscr. Stock. 3 p.c., 15/12/53-56. £lOO 5/-; National Mortgage, B, £l/16/-; N.Z. f Loan and Merc., £7O; N.Z. Refrig., 10/pald (2). 13/-; Booth, Macdonald, pref.. 10/9; D.1.C.. £l/1/-; N.Z. Drug Co., £4 17/6. Dividends Declared

Tooth and Co., Ltd., have declared an interim dividend at the rate of 13 per cent, per annum, payable on Jlay 20. The Union Company has declared a halfyearly dividend of 2j per cent, on preference shares, payable on May 31. Transfer books close May 18-31 inclusive. The directors of the Dental and Medical Supply Co., Ltd., will recommend the payment of a dividend at the unchanged rate of 5 per cent, at the forthcoming annual meeting. If approved the dividend will ba payable on June 1. Transfer books will close May 11-June 1 inclusive. Burns, Philp and Co., Ltd., have declared a final dividend of 5 per cent., making 10 per cent, for the year, an unchanged rate, payable on May 25. , The directors of Donaghy’s Rope and Twiue Co., Ltd., will recommend to shareholders at the annual meeting on May--20, the payment of a final dividend for the year ended March 31, of 1/3 a share, making a total for the year of 2/- a share, an unchanged rate. Transfer books will close May 26-June 2 inclusive. Placer Development has declared a halfyearly dividend of 25 cents. Canadian, less absentee tax of 15 per cent., payable on June 16. Transfer books close May 23. Selfridges (N.Z.) Profit Selfridges (N.Z.), Ltd., for the year ended January 31, show a net profit ot £3833, against a loss of £1867 last year. Taxation provision is £11.546. compared With £10,710 last year. The directons propose a dividend of 1J per cent., the first for some years, absorbing £2375. leaving a credit balance of £2O to be carried forward, against a debit balance of £1438 brought in. N.Z. Paper Mills The accounts of N.Z. Paper Mills Ltd. for the year ended March 31 show a net profit of £14,437, compared with £14,789 iu the previous year and £16,689 in 1912. There is £31,945 available. The directors, as previously announced, propose a final dividend of 4 per cent., making 7 per cent, for the year (unchanged), requiring , £BOOO, leaving £23,945 to be carried forward. against £23,508 brought in. The report states that ample supplies *>_f wood pulp came to hand aud tho position regarding this raw material is now assured for some time to come. Stocks of chemicals are also adequate. Turnover was fully maintained. The balance-sheet includes in the assets an item ‘‘estimated stock of lond-lease pulp, £199,000,” which is balanced by a contra on the liabilities side of a similar amount.

N.Z. Newspapers Profit The accounts ot New Zealand Newspapers • Ltd. for the vear ended March 31 show a net profit of £41,168, compared with £40,762 in the previous year and £40.909 in 1942. Tlie balance brought forward was £45,235. The interim dividend of Sd. a share paid in October absorbed £19,917, leaving £66.486 available. The directors propose a final dividend of Sd. a share, milking 1/4 for the year (unchanged), leaving £46,560 to be carried forward. Gross profit at £149,611 compares with £143.832 in the previous year, while expenses, including directors’ fees, depreciation and taxation, were £115,042. an increase of £6223.

Buyers. £ ts. d. Seilers. £ s. d, 2i p.C., 1/8/46 99 5 0 —— 2* p.c., 15/9/47 98 10 0 MB 2J p.e., 15/6/47-49 .... 98 7 6 3 p.e., 1/8/51-54 99 12 6 —■ 3 p.e., 15/12/53-56 .... — 100 7 6 31 p.e., 51/1/56-5!) .... lot 15 0 —B 31 p.e., 15/9/57-60 .... lol 12 0 — 34 p.e., 15/1/53-57 .... 103 10 0 BM. 4 p.e., 15/3/49'52 .... — ■ 100 5 0 4 p.e., 31/5/54-58 .... 108 5 0 ■■ • Com. Bank Of Sydney —— 23 0 0 Com. Dank Aust 0 18 8 —— U.S. and A. Bank .... x4 4 0 MB Nat. Bank of N.Z. ... 2 15 0 2 15 6 Bank N.S.W — x37 2 6 Bank New Zealand .. c2 4 2 2 4 9 Ditto, D Mort cl 13 6 — Union Bank 8 5 0 MB Nat. Bank A/eia C12 5 0 ■■1 ■» Equit. Buildings ..... el 0 6 MB Goldsbrough Mort .. N.Z. Guarantee 1 10 0 ■■ — 0 4 2 MB Loan and Mercantile 67 0 0 —"M W.F.C.A., pref 0 8 9 BB ' Wn. Inv. T. & A. ... 0 7 9 MM Wn. T. & Loan ..... 3 16 0 B—B N.Z. Invest. Mort. ... 0 10 0 M Christchurch Gas .... 15 3 BM Ditto, contrib 0 12 9 MW Wellington Gas, ord. . 1 13 0 M Ditto, pref 15 0 ——- Feilding Gas ....... 0 19 -BB• National Ins xl 4 4 MB New Zealand Ins 4 9 6 Queensland Ins 3 3 0 MB Standard Ins 3 IS 6 MB Canterbury Meat .... 15 10 0 MB Gear Meat 15 6 BM N.Z. Refrig., £1 19 0 Ditto, 10/- ........ —— 0 13 6 Wgtn. Meat Export .. 0 13 0 MB Huddart Parker .... 3 3 0 MB P. and 0 2 10 —M Union Steam, pref. .. 1 10 6 BM Bonds Hosierv 2 0 6 BBBB Felt & Textiles 2 11 0 MB Kaiapoi Woollen, pref. 14 3 2 0 0 B—B Manawatu Knitting . BM Prestige, pref 16 6 BB Timaru Woollen .... BM 10S Leyland-O'Brien .... 13 6 MB Rotoiti Timber ..... 0 8 0 0 9 0 Taupo-Totara Timber BM 0 9 9 Taringamutu bm 12 7 Ditto, pref 0 10 6 MB N.Z. Breweries B—B 2 18 Dominion Breweries . BB— 2 5 0 Tooth & Co x2 IS 3 BM Ballins Brew. 15/- pd. 018 3 BM A.C.I —M 2 18 O C. M. Banks, pref. ... 0 15 0 Mb Broken Hili — x2 5 0 Consol. Brick ........ MB 0 11 0 D.I.C., pref. ........... 16 6 MB Electro. Zinc, pref. .. 3:2 18 0 B—B Frozen Products .... 0 13 7 MB G. J. Coles •••■•••••• BB. 3 8 8 Griffin & Sons, £1 .. 1 10 0 M Ditto, 10/0 13 0 BB Macduffs, ord. Ditto, pref 0 16 0 Bmb BM 17 0 McKenzies C2 18 3 Metters (N.Z.) ...... 0 17 1 M N.Z. For. Products .. BB— 0 7 8 Ditto, pref .-« ... 1 o ii a National Electric .... 1 12 0 MB N.Z. Drug 4 16 6 BM . Ditto, £1 paid .... 2 17 6 BB N.Z. Farm. Fertilizer 15 0 Sharland & Co., ord. . 1 10 6 Ditto, pref 110 9 a Taranaki Oil ........ M 0 2 » Wilson’s Cement .... cl 0 0 Wool worths, Ltd. ... BB— 10 0 Woolworths (N.Z.) Ditto, pref. 0 18 3 2 0 0 -BB Ditto, Prop mm' 1 11 9 Maori Gold M 0 0 7 Martha ’ o 9 a Waihi Invest. ....... Wool worths Hold. (S. — 0 5 7 Africa) MMb Xl 11 5 Mt. Morgan 0 7 11 MB

WELLINGTON. No. of t Sale Price, shares. £ e. d. £5000 laser. Stock, 3 per' cent., 1/8/51-54 (3) 09 17 « £2900 ditto, 4 p.c., 15/4/49-53 . *106 2 « 250 Balling Brew., 15/- pd. , 0 18 6 200 Wilson’s Cement, cam. div 10 3 200 Woolworths (N.Z.) .... ♦Late sale Thursday. 0 18 4