FINANCE & COMMERCE

Dominion, Volume 37, Issue 201, 23 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 of Wellington:—

AUCKLAND. Inscr. Stock, 4 per cent.. 15/3/49-52, £104; Wool Bonds. 1/2/48, £l/0/4; Comm. Bank of Aust.. 19/-; Union Bank, £B/10/- ; farmers’ AucX., £5; N.Z. Insurance. £4/9/-, Northern Steam. 10/9: Carlton Breweries, £3/10/-; Colonial Sugar (2), £oS/l-/6, M.K. Manufacturers, 7/3: (N.Z.), 18/7; Woolwortlis (Syd.), (2), ltl/8. Unofficial list: Fletcher Holdings, £l/o/a; Whakataue Paper Mills, pref., £l/5/-. CHRISTCHURCH. Inscr. Stock, 3 per cent., 15/12/53-56, (2). £.100; Bank of N.Z., £2/4/-; NTZ Farmers Co-op., 41 per cent., 1900, £lOO/10/-, N.Z. Retrig., £1 paid, £l/7/6; Colonial Sugar, £5B/12/6; Electro Zinc, pref., £2/W-> Reid Rubber, unofficial lust. Fletcher Holdings, £l/5/3. DUNEDIN. ■ Inscr. Stock. 2} per cent., 1/10/53, £95 5/-; U.S. and A. Bank, £4/6/-; Bruce Woollen, pref., £l/7/6; Timaru Woollen, £l/0/7; Electro. Zinc, pref., £2/19/-; Milburn Lime, £l/16/-. Dividends Declared Woolworths (N.Z.) Ltd. have declared an interim dividend on ordinary shares of 5 per ceut., payable on July 15. Transfer books elose June 17-30 Inclusive. The directors of New Zealand Breweries Ltd. have decided to recommend to shareholders at the annual, meeting on June 21 a final dividend ot 4 per cent, for the year ended March 31, making 7 per cent, for the year, compared with 6 per cent, last year. Transfer books close Juue 821 inclusive. N.Z. Newspapers, Ltd. ■ At the annual meeting of Now Zealand Newspapers, Limited, last Friday, the chairman of directors. Sir Cecil Loys, said the total assets of £803,360 In the 1111 l balance-sheet compared with £786,952 in 1943. In property account buildings were higher b.v the construction ot a new store. With depreciation on all buildings, the net Increase was £5548. The retiring directors, Messrs. E. Anderson and W. 11. E. Flint, were re-elected. Aust. Iron & Steel tn their report directors of Australian Iron nnd Steel. Limited, which has reporfed a sharp increase in net profit, state that capital expenditure over recent years enabled the incrensert rate of production nt improved efficiency to bo maintained, offset, however, to some extent by the resultant loss of production caused by severe storm damage in Mav, 1943. The company has continued its policy of assisting to tie fullest degree the supply of war materials. Ordinary capital, all ot which is owned b.v Broken Hill Proprietary Co., is £4,71X1,000. Gold Mining The Maori Gohl return last week was 12 ounces for U 7 hours from .11,000 yards. The Rimu dredge for the period May 2-16 returned 317 ounces for 248} hours from 70.993 yards. Clutha River returned 95 ounces lor Jo hours. London Stock Markets LONDON, May 16. On till.’ Stock Exchange quotations ot bank shares and other corporation debentures and stocks compared with previous

The accounts of the Auckland Drug Co-ai-par.v for the year ended March 111 show a not'profit of £2115, compared with £-000 last year and £2425 in 1942. The directors propose to maintain the dividend at 1U per cent. N.Z. Exchange Rates Telegraphic rates of exchange on overseas centres, as supplied by the Hank 01 New South Wales, are as follows:—

Buyers. Sellers. £ s. <1. 21 p.c., 1/8,46 99 ■ 6 —— 2A p.c., 15/B/4T 98 15 O — 2 A p.c., 15/5/4S 98 0 0 MW 2 A p.c., 15/6/47-49 .... 98 12 6 2A p.c., 1/10/53 3 p.c., 15/5/53-56 95 98 17 6 6 3 p.c., 15/12/53-56 .«... 99 11 6 W— 3 p.c., 15/4/00-63 .— 98 6 3{ p.c., 15/9/57-l’A .... 101 12 6 WM io A p.c., 15/1/ 53-57 .... 103 15 0 ... 4 p.c., 30/11/1948 104. 12 6 4| p.c., 15/4/46-49 •P p.c., 15/5/49-52 102 o 0 —- —— 101 5 0 4 p.c., 31/5/54-58 Wool Bonds, 1/2/48 .. 108 10 0 — —— 1 0 6 Nat. Bank of N.Z. ... —— •J 15 3 Bank of N.Z c2 3 : 10 —— Ditto. D inort cl 13 9 -M. Union Bank of Aust. . 8 9 0 WM Equit. Buildings 1 0 0 WM ■ ~ Goldsbrough Mort ... 1 11 0 1 12 0 Newton King, pref. .. 1 z 0 — W.F.C.A., pref. 0 y 0 —— Wm inv. T. & A 0 7 9 W~ Wm T. & Loan 3 16 0 N.Z. Invest Mort 0 10 3 WM Christchurch Gas .... 1 „□ 6 — Wellington Gas, ord. . 1 13 c —— Ditto, pref 1 5 0 WM FeHding Gas .. 0 1 9 —M National Ins 1 4 6 «M New Zealand Ins —— 4 9 6 Queensland Ins ,, 3 0 MW Standard Ins 3 19 0 •— Gear .Meat 1 o 6 «M Wgtn. Meat Export . 0 13 0 ww. Iluddart Parker 3 3 0 ww> P. & 0 J 1 0 WM Bonds Hosiery 0 6 —w Felt & Textiles 2 11 6 WM Manawatu Knitting .. 2 0 0 MW Prestige, pref 1 6 6 —w Wgtn. Woollen, pref. . 9 7 6 WM Leyland-O’Brien .... 1 3 9 1 o 0 Rotoiti Timber 0 9 0 Taupo-Totara, pref. . 0 10 6 WM Taringamutu — 1 2 6 N.Z. Breweries c2 0 9 1 6 Tooth & Co x2 18 3 A.C.I —— c2 17 9 C. JI. Banks, pref. .. 0 15 0 WM Broken Hill x2 4 9 Consol. Brick — 0 11 0 Dunlop Rubber —- 1 5 3 Electro. Zinc, pref. .. — 19 3 Frozen Products 0 13 8 WM G. J. Coles — 3 7 6 Gritiin & Sons. £1 .. 1 10 0 WW» Ditto, 10/ 0 15 0 WM J. J. Niven 0 19 6 —— JIacduffs, ord 0 Ifi WM Ditto, pref 1 5 9 1 6 9 McKenzies c2 18 6 — Metters (N.Z.) 0 17 4 —— N.Z. Forest Products . —« 0 7 6 Ditto, pref M0 11 6 Morris Hedstrom 2 — National Electric .... — 1 14 9 Sharland, ord 1 10 6 WM Ditto, pref. 1 10 9 — Taranaki Oil 0 9 Wilson’s Cement ..... cl 0 3 — Wm. Cable, pref 1 8 3 WM Woolworths Ltd —■ 0 19 10 Woolworths (N.Z.) ... 0 IS 4 — Ditto, prof 0 0 »■ ■* Austral-N.Z M— 0 14 9 Grey River WM 0 14 0 Broken Hill Sth M— xl 11 0 Woolworths Hold. (S. Africa) — xl 11 6 UNOFFICIAL LIST. Nelson Freezing Co. . 4 17 0 — Majestic Theatre Co., In Nelson 0 0 Silknit 1 3 6 1 5 6 Asso. Motorists Petrol, pref. ' 1 5 9 MW Aust. Motorists Petrol 0 19 0 WM. Wgtn. Publishing Co. 4 6 O WM Golden Bay Cement Co. 0 19 9 —— Kilbirnie Theatre .... 0 16 0 WM c, cum dividend. x, ex dividend

WELLINGTON. Sale Price. No. of shares. £ a. d. £1000 Inacr. Stock, 2} per cent.. 1/10/53 Vo 0 0 200 Broken Hill Pty., ex div. 4 6 200 National Electric ........ 1 13 6 150 N.Z. Newspapers X 9 200 Woolworths (Syd.) • •••• 0 19 S Unotllcial list: — 105 Assoc. Motorists Petrol •. •1 n 3 200 Wgtn. Publishing Co. ... ♦4 7 6 •Late sale Friday.

quotations as follows: May 2. May lf>Blinks— r* s. d. £ s. d. Australasia 5 0 7 5 0 M.S. and A . .. 8 10 6 3 13 (i Vnion of Aust. ( 1 5 0 6 5 0 NSW .. 23 0 0 23 <1 0 National of N.Z. .. 1 17 'J 1 IS 0 Npm-* Zpfllfintl ...... .. 1 11 0 1 la 0 Others— British Tobacco .... .. 1 15 0 1 15 0 Goldsbrough, Mort . .. 1 1 3 1 1 a 1 v * . . . . . 1 6 0 0 . 1 17 3 1 16 0 N.Z. Loan and Merc., 4 p.c., deb .. oo 10 0 90 10 0 N.Z Loan and Mere., .. 43 0 0 •io 0 0 Auckland Drug Co.

On Buying. Selling. New York, dol. to £N.Z. 3.2512 o.*.(),>() Montreal, dol. to £N.Z. .. India, pence to/rupee Ceylon, pence to rupee .. 3.0039 22 3-10 22 3-10 3.5290 22 11-16 2211-16 London. £ N.Z. to £ lOOstg. 124 3-8 125 Allot., fN.Z. to £100A .. 1001 100 Fill, £N.Z. to £.10(lF. ... illl 88 .">-8 S.Afrlc. £N.Z. to £1008.A. Chungking, N.Z. pence to 123 12o 1-8 J Chinese Natl, dollar . 4