FINANCE & COMMERCE

Dominion, Volume 37, Issue 198, 19 May 1944, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE ’ Yesterday’s Quotations The latest buying and selling quota-, tlous recorded yesterday on'the Welllugton Stock Exchange were as follows:— Buyers. Sellers.

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 o£ Wellington:—

Inscr. Stock, 21 p.c.. 1/8/46, £99/10/-; ditto. 2J p.c.. 15/9/47, £9B/17/6; ditto. 2} per cent.. 15/6/47-49, £9B/17/6; ditto, 3 per cent., 15/12/53-56, & 100/2/6; ditto, 4 per cent., 15/4/46-49, £lO2/7/6; ditto, 4 p.c., 31/5/54-58. £lOB/10/-; Bank of Australlasia, £9/12/6; Comm. Banking Co., of Sydney. £22/10/-; Bank of N.Z.. £2/4/2; National Insurance, £l/4/6; South British Insurance, £3/18/9; Broken Hill Pt?-. -- 4/5; Colonial Sugar £5B/12/6; Consol. Brick (2), 10/8; D.1.C., £l/0/6; Macky Logan, £l/15/-: Morris Hedstrom, £2/2/6; Woolworths (N.Z.), 18/6; Walhi Inves.ments. 5/4; Arahura, £l/11/-. Unofficial list: Fletcher Holdings, £l/5/3. CHRISTCHURCH. Inscr. Stock, 2} per cent., 1/10/53, £95 5/-;'Bank of Australasia, £9/12/6; Comm. Banking Co. of Sydney, £22/10/-; N.Z. Loan & Merc., £7l; N.Z. Farmers’ Co-op., Ist pref., £5/12/6; ditto, 4} per cent., 26/5/49, £lOl/10/-; Broken Hill Pty, £2 4/0; Colonial Sugar (3), £5B/12/6; Claude Neon (N.Z.), £l/6/1}; Woolworths (Syd.), 19/9. Unofficial' list: Fletcher Holdings, £l/5/3. DUNEDIN. Inscr. Stock, z 4 p.c., 31/5/54, £lOB 10/-: N.Z. Paper Mills. '£2/0/3. A.C.L Dividend The directors of Australian Consolidated Industries have declared dividends of 4} per cent, on preference shares for the halfyear and 3} per cent, on ordinary shares. Both dividends are payable on June 23. Transfer books close May 29-June 10 inclusive. Gold Mining Associated Gold 1 Dredges for the week ended May 13 returned 72 ounces for 852 hours from 56,750 yards. The Marsden dredge is at present going through tailings. Austral-New Zealand for the 28 days ended May 13 returned 241 ounces for 454 hours from 223,000 yards. Dental & Medical Supply Co. The annual report of the Dental and Medical Supply Co., Ltd., for the year ended March 31 shows a net profit of £13,700, compared with £14,461 last year. After providing £lO,OOO for taxation and £2S9O for the dividend of 5 per cent., already announced, there is a balance to carry forward of £'1751 against £941 brought in. The report states that stocks on hand show a substantial Increase on those of the past two years, which must be regarded as satisfactory under present conditions. The retiring director, Mr. A. H. Allison, offers himself for re-election. Donaghy’s Rope Profit The accounts of Donaghy’s Rope and Twine Co., Ltd„ for the year ended March 31 show a net profit of £13.254, compared with £11,431 in the previous year and £10,828 in 1942. There ip £16,939 available. As already announced, the directors recommend a final dividend of 1/3 a share, taking £7812, and making 2/- for the year (unchanged). The carry-forward is £9126, against £8372 brought in. The report says that sales of rope constituted a re--ord, due to continued requirements of the Allied forces. Supplies ot raw material generally had been ample. Principal changes in the balance-sheet are an Increase in stocks from £110,332 to £116.006, a decrease in book debts from £42,099 to £35,293, and a rise in war loans and investments from £18,638 to £21,513. Slab Hut Profit Net. profit of the Slab Hut Creek Gold Dredging Company for the year ended December 31 last, was £ 1577. The gross profit from working account was £oO<9. Dividends during the period amounted to £3700. Gold won was valued at £2u,oi-, from which the war tax of £2250, export tax of £1594. and expenses of realization. £770, amounted to £41520. The report states that the dredge during the year hail worked only 66 per cent, of the possible dredging time. Extensive repairs were made in February. mid the dredge resumed operations on May 10. Costs had risen from 4.1 d. a yard in the previous year to 5.6 d. this year.

Wellington Poultry Prices

Prices of live poultry in the Welling ton markets are quoted by Townsend and Paul. Ltd., as follows :- White Leghorns: Hens, best 4/- to o/ech, others. 3/- to 4/- each: cockerels, 1/6 to X/9 per lb. 1.w.; pullets, best !-/■ to 17/- each, others 6/- to I-/- each. Black Orpingtons: Hens, heavy 7/- to 10/- each, light 5/- to 7/- each: cockerels, heavv 1/8 to 1/10 per lb. I.w light 1/8 to 1/10 per lb. l.w. Rhode Island Reds: Cockerels. 1/8 to 2/- per lb. l.w. Ducks: Indian Runner, young </- to 14/each. old 4/- to 7/- each: Pekin. V° u “3 8/- to 12/- each, old 5/- to 8/- each. Geese. 6/- to 9/- each. Turkeys: 1/6 to 1/S per Dressed poultry: Boilers, heavy 5/- to 6/- each, light .'</ - to 5/- each; chickens, 1/6 to 1/8 per lb. d.w.; ducks. 5/- to 7/each; geese. 5/- to */ - each, turkeys. 1/6 to 1/8 per lb. d.w.

£ a. d. £ a. d. 2} p.c., 1/8/46 99 10 0 24 p.c., 15/0/47 98 12 G — 2l p.c., J5/<>/48 98 0 0 — 2A p.c., 15/6/47-49 .... 98 12 6 2j p.c., 1/10/53 ...... —— 93 10 0 3 p.c., 15/5/5,3-56 98 13 0 MM 3 p.c., 15/12/53-7H5 ... 100 0 0 100 2 6 4 p.c., SO/ll/WS lot 12 0 MM 4 p.c.. 15/4/40-49 102 5 0 102 15 0 4 p.c., 15/5/40-52 —— 101 5 0 4 p.c., 31/5/54-58 108 10 0 MM Com. Bank Aust 0 18 8 —“• E.S. anil A. Bank .... x4 4 6 —— Nat. Bank of N.Z — 2 13 3 Bank of N.Z C2 3 10 -M Union Bank —« S 12 6 Equit. Buildings ..... xl 0 0 —— Goldsbrough Mort ... — 1 12 0 Newton King, pref. .. 12 0 —M Beau & Mercantile ... 70 0 0 72 10 0 W.F.C.A., pref 0 9 0 —i» Wn. Inv. T. & A 0 7 9 MM Wn. T. & Loan 3 16 0 MM N.Z, Invest. M. & D. .. 0 10 3 MM Christchurch Gas . ••• 15 3 MM Wellington Gas, ord. . 1 13 6 —— Ditto, pref. 15 0 MM Feildlng Gas .. 0 19 MM National Ins 14 6 MM New Zealand Ins —- 4 0 6 Queensland Ins 3 3 0 MM• Standard Ins 3 19 0 mm Canterbury Meat 15 10 0 MM Wgtn. Meat Export . 0 13 0 MM Huddart Parker 3 3 0 MM P. & O x2 1 0 Union Steam, pref. ... cl 10 6 MM Bonds Hosiery 2 0 6 MM Kelt & Textiles 2 11 6 M»» Kaiapol Woollen, pref. 14 3 MM Prestige, pref 16 6 MM Wgtn. Woollen, pref. 9 7 6 MM Leyland-O’Brien ...... 13 9 15 0 National Timber — 0 9 0 Kotolti Timber MM 0 9 0 Taupo-Totara, pref. . 0 10 6 MM. Taringamutu —— 12 7 N.Z. Breweries —M 2 10 Tooth & Co x2 IS 3 MM Balllns Brew., 13/- pd. 0 18 4 MM A.C.I — c2 17 0 C. M. Banks, pref. .. 0 15 0 MM Burns, Philp 33 1 6 MM Colonial Sugar —— x59 0 0 Consol. Brick 0 11 0 MM Dunlop Rubber . •—• 15 3 Electro. Zinc. pref. .. — X2 19 3 Frozen Products ..... 0 13 7 G. J. Coles — 3 7 6 Griffin & Sons, £1 .. 1 10 0 MM Ditto. 10/0 15 0 mm J. J. Niven 0 19 10 10 6 Macduffs, ord. ....... 0 16 0 MM Ditto, pref ■ ■ ■■ 16 9 McKenzies ......... c2 18 6 MM Matters (N.Z.) 0 17 6 N.Z. For. Products ... MM 0 7 6 Ditto, pref. MM. 0 11 6 Morris Hedstrom 3 2 6 MM Nat. Electric 1 14 0 Sharland, ord 1 10 6 MM Ditto, pref 1 10 9 MM Wilson’s Cement cl 0 3 MM Woolworths Ltd —• 0 19 10 Woolworths (N.Z.) .. 0 18 4 Ditto, pref 2 0 0 MM Maori Gold mm 0 0 6 Martha —M eO 0 6 Waihi Invcgt —- 0 5 7 Austral-N.Z —— 0 14 0 Grey River mm. 0 14 0 Mt. Lyell xl 14 6 Woolworths Hold. (S. Africa) —— xl 11 6 UNOFFICIAL LIST. Asso. Motorists’ Petrol, pref 15 6 Mm Aust. Motorists’ Petrol 0 18 7 MM Nelson Jfreezing 4 17 6 Majestic The., Nelson — 0 15 0 N.Z. Farm. Co-op., A 14/- paid 0 10 3 —• Golden Bay Cement .. 0 19 9 Belfridges N.Z.. X 16/0 12 3 MM Kilblrnie Theatre .... 0 16 0 MM . c, cum dividend. x, ex dividend.

WELLINGTON. No. ot Sale Price. shares. £ 8. a. 100 Bank of N.Z *2 4 1 100 J. J. Niven 10 0 200 Moris Hedstrom 2 2 .9 250 N.Z. Farfmers Fertilizer 1 4 10 200 Woolworths (N.Z.) 0 18 6 •Late sale Wednesday. AUCKLAND.