FINANCE & COMMERCE

Dominion, Volume 37, Issue 195, 16 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, tbe number of shares in each lot being shown In the case of Wellington:—

AUCKLAND. Inscr. Stock, 2J per cent., 15/6/47-49, £9B 17/6; Wool Bonds, 1/2/48, £l/0/3; Union Bank, £B/10/-; N.Z. Guarantee Corp, 4/3; National Insurance, £l/4/6; N.Z. Insurance, £4/8/9, (2) £4/9/-; Northern Steam (2) 10/8; Renown Collieries, pref., 8/3; Burns, Philp, £3/3/6; Colonial Sugar, £5B/12/6; Consol. Brick, 10/8; Imperial Chemical Industries (Aust, and N.Z.), pref,, £l/7/6; M.K. Manufacturers, 7/2. CHBISTCHUBCH. Bank of Australasia (Melbourne Register), £9/11/-; Kauri Timber (2), £l/9/-; Dominion Breweries, £2/5/-; Beath & Co., £l/10/-; Claude Neon (N.Z.), £l/7/-, £1 6/2; Con. Brick, 10/9; Imperial Chemical Industries (Aust, and N.Z.), pref, £l/7/6; Maori Gold, sd. DUNEDIN. National Insurance, £l/4/6; N.Z. Refrig., 10/- paid, 13/-; Northern Steam, 10/S. Dividends Declared North Broken Hill has declared « dividend of 9d. a share, payable In Melbourne on June 27. Transfer books close at all offices of the company at 3 p.m. on May--22. Pato Consolidated Gold Dredging, Ltd., has declared an Interim dividend of 15 cents (Canadian) a share, payable on May 31. to shareholders recorded on the books of the company at the close of business on May 11. A non-resident tax of 15 per cent, is deductible. . (By Telegraph.—Press Association.) AUCKLAND, May 15. Cabled advice has been received by Mr. J. H. G. Banks, local dimtor and attorney from Loudon, that at the annual meeting of the Martha Gold Mining Company (Waihi) in London on June 8 the directors will recommend a first and final dividend on account of the year ended December 31, 1943 of Bd. a ehare, free of income tax, payable on June 26 to shareholders registered on June 1 and the dividend will be paid to shareholders on the New Zealand register in New Zealand currency. The dividend compares with lOd. in the previous year and 1/3 in 1941. Bums, Philp Year Net profit of £226,571 shown by Burns, Philp and Co., Ltd. (Sydney), for .the year ended March 31 is a further recovery of £25.107, Dividend of 10'per cent., a rate unaltered for 24 years, requires £200,000. The carry forward is increased to £35,101 from £33.530. Gold Mining The Grey River dredge, for the period from April 26 till May 10 returned 379.31 ounces for 259 hours from 158.853 yards. The April totals were 715.31 ounces. 456 hours. 271.628 yards. The Ngahere return for the four weeks ended May 12 was 578 ounces. 447 hours. 174,509 yards. The Slab Hut dredge resumed work on May 10 after having been shut down for an extended overhaul. Maori Gold last week returned 330 z. 6 dwt. for 66 hours from 7000 yards. The following information has been cabled to the London office of the Martha Gold Mining Company (Waihi), Limited: — For the period ended April 29. the mine operated for 17 days and crushed' 8586 tons for 228!) fine ounces of gold and 13,836 ffne ounces of silver. The reduced working time was due to statutory holidays. The Clutha River return last week was 94 ounces for 79 hours. Gillespie’s Beacli returned 29 ounces for 127 hours from 16,300 yards. Australian Price Of Tin An increase 1n the Australian price of tin to £4lO a ton is expected shortly. Announcing this at the annua! meeting of Briseis Consolidated, Sydney, the chairman, Sir Harry Moxham. recalled that the price of tin was first declared by the Prices Commissioner in 1940 at £306. billed on pre-war costs. This was revised to £320 in 1941 and £361 in 1942. The increases coincided closely with rising costs at Briseis. Application was made in 1013 for an increase to £4OO. and a favourable decision was expected on an application tills vear Cor an increase to £4lO. Lewis Eady Profit Tile accounts of Lewis Eadj-, Limited. Auckland, for tlie year ended March 31 show a profit of £0660. compared with £0416 in tlie previous year and £O6lO in 1912 The directors recommend the usual preference dividend at the rate of 6 per cent, per annum for the half-year ended March last, payable on. June 1. nnd a final dividend on ordinary shares ot 3 per cent., making 6 per cent, for' tlie year, compared with 8 per cent. Inst year. Dividends require £1749. and .C7DDD is carried forward, against £7105 brought in. Tax reserve Is £•1000, compared with £5OOO last year.

Buyers. £ s. d. Seller®. £ a. d. 24 p.c., 1/8/40 99 5 0 —■ 2} p.c., 35/9/47 98 10 0 — 2J p.c., 15/6/47-49 .... 98 7 6 mb 2j p.c., 1/10/53 MW 95 10 0 3 p.c., 15/5/53-56 . x98 15 0 — 3 p.c., 15/12/53-56 ... — 100 7 6 3J p.c., 15/9/57-00 .... 101 12 6 MB 34 p.c., 15/1/53-57 .... 103 10 0 — 4 p.c., 15/5/49-52 ... — X104 5 0 4 p.c., 31/5/54-58 .... 108 5 0 — Wool Bond®, 1/2/48 .. — 10 4 Com. Bank of Sydney — 23 0 0 Com. Bank Aust 0 18 b MB Nat. Bank of N.Z. ... 2 14 9 MM Bank N.Z., D Mort. .. Cl 13 6 MB Nat. Bank A/sia C12 5 0 Equit. Buildings Cl 0 6 •M Goldsbrough Mort .. 1 10 0 Newton King, pref. .. 12 0 —B N.Z. Guarantee 0 4 2 mb Loan and Mercantile 70 0 0 «M W.F.C.A., pref 0 8 9 Wn. Inv. T. & A. ... 0 7 9 N.Z. Invest. Mort. ... 0 10 0 MB Christchurch Gas, con. 0 12 9 MB Weiington Gas. ord. . 1 13 6 MW Ditto, pref 15 3 MM Fell ding Gas 0 19 MB National Ins xl 4 0 MO New Zealand Ins. ... —B 4 9 6 Standard lus 3 18 0 MB Gear Meat 15 6 WM Wgtn. Meat Export .. 0 13 0 MB Huddart Parker .... 3 3 0 MB Union Steam, pref. .. Cl 10 6 MB Bonds Hosiery ...... 2 0 6 MW Felt & Textiles ...... 2 11 0 MB Kaiapoi Woollen, pref. 14 6 MM Manawatu Knitting . 2 0 0 MB Prestige, pref. ...?.. 16 6 •— Leyland-O’Brien .... 13 6 BW~ Kotoiti Timber 0 8 0 0 9 0 Taupo-Totara MW 0 9 8 Taringamutu —• 12 7 N.Z. Breweries MB 2 16 Tooth & Co., x2 IS 3 •M Ballins Brew. 15/- pd. 0 18 3 «M C. M. Banks, pref. ... 0 15 0 MB Broken Hili "BWB x2 4 6 Burns, Philp —w 3 4 3 Ditto, South Seas . 110 BMB Consol. Brick . —— 0 11 0 D.I.C., pref 1 6 MB Electro. Zinc, pref. .. x2 18 0. —» Frozen Products 0 13 7 MB G. J. Coles 3 8 6 Griffin & Sons. £1 ... 1 10 0 M Ditto, 10/0 15 0 «M Macdutts, ord. . 0 16 0 M» Ditto, pref WM 1 7 0 McKenzies C2 18 6 WM Macky Logan 1 13 6 MB Metters (N.Z.) ....... 0 17 3 WM N.Z. For. Products .. w> 0 7 6 Ditto, pref •m 0 11 6 National Electric .... 1 12 0 MW N.Z. Farm. Fertilizer 15 6 MM R. & E. Tingey, pref. 18 0 WBW Sharland & Co., ord. . 1 10 3 WWW Ditto, pref 1 10 6 MW Taranaki Oil MB 0 2 9 Washington, N. Sonl M 4 0 0 Walrakel, Ltd MB 0 6 0 Wilson’s Cement .... cl 0 0 MB Wm. Cable, pref 18 3 MB Woolworths, Ltd. ... —B 10 0 Woolworths (N.Z.) 0 18 3 MB Maori Gold mb 0 0 6 Martha bm 0 9 3 WaihJ Invest MB 0 5 7 Mt. Morgan 0 7 11 0 8 6 UNOFFICIAL LIST. Nelson Freezing 4 18 0 Assoc. Motor. Petrol, pref 15 0 -M Aust. Motorist Petrol, ord. ;.... 0 18 0 BM Majestic Theatre, £1 paid, 0 15 0 Dominion Farm. Dist. 2 17 6 3 15 0 Selfridges (N.Z.), 16/XO 12 3 ■M Keystone Invest 0 3 0 •M Kilbirnie Theatre .... 0 16 0 MB c. cum dividend. x, ex dividend.

WELLINGTON. No. or Sale Price. shares. £ s. d. £500 laser. Stock, 3 per cent. 15/12/53-56 - *100 2 « 100 Nat. Bank of N.Z •2 15 0 £500 N.Z. Loan and Merc. . •72 10 0 150 N.Z, Insurance •4 9 0 200 Dominion Breweries ... 2 4 9 1000 Woolworths (N.Z.) •Late sale Friday. •0 18 4