FINANCE & COMMERCE

Dominion, Volume 37, Issue 227, 22 June 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: —

Dealings in stocks and shares recorded on New Zealand Stock Exchangee yesterday were as follows, the number of shares in each lot being shown in the case of Wellington.

AUCKLAND. Inscr. Stock, 2} p.c.. 15/5/48, £9B/10/-; ditto, 2} p.c.. 1/10/53. £O5; ditto. 3 p.C., 1/8/51-54. £99/10/-: ditto. 3 p.c., 15/9/5255, £99/7/6; ditto. 3 p.c.. 15/12/53-56, £9B 7/6; ditto 3 p.c.. 15/4/60-63. £9B/2/6; ditto, 4 p.e., 15/5/49.52, £lO4/2/6; Comm. Bank of Sydney, £23-: N.Z. Insurance (3), £4 9/-; Leyland O’Brien Timber. £l/4/-; Colonia] Sugar, £57; British Tobacco, £2 11/*; Dunlop Rubber. £l/4/6; McKenzies Dept. Stores (?), £3; Woolworths (N.Z.), 19/6; Woolworths (Syd.). 2nd pref., £1 11/-: Clutha Gold, 3/3; Jit. Morgan, pref.. £l/1/3. CHRISTCHURCH. Bank of New Zealand. £2/5/-: Union Bank. £B/11/-: Dalgety and Co.. £B/12/0; N.Z. Insurance, £4/9/-: Westport-Stock-ton Coal. 3/9; Timaru Woollen. £l/0/10: Whitcombe anti Tombs, £5/18/6; Maori Gold. sd. Unofficial list: Ashby, Bergh, £2 10/- paid. £2/6/-: Fletcher Holdings, £1 7/2. DUNEDIN. Inscr. Stock, 2} p.c., 15/9/47, £99/2/6; N.Z. Refrig.. 10/- paid. 14/-; Union Steam, pref, (odd lot). £l/11/-: Booth, Macdonald, pref.. 10/11; N.Z. Drug Co.. £4/19/-. Dividends Declared The Parker. Lamb Timber Company has declared a final dividend ot 3 per cent., making 6 per cent, for the year, an unchanged rate, payable on July 1. The Taupo Totara Timber Co., Ltd., advises that transfer books close June 21-23 Inclusive for the purposes of paying the preference dividend. The National Bank ot New Zealand Ltd.’s final dividend of 2J per eent, is payable on August 9 at any branch of the bank in New Zealand at the buying rate of exchange current at that date for demand drafts on London, R. and E. Tingey and Co.. Ltd., announce that the half-yearly dividend of 3 per cent, on the preference shares in the company, free from social security and national security taxes, will be payable on June 30. The transfer books will not be closed. N.Z. Breweries, Ltd. At the annual meeting of New Zealand Breweries Ltd. yesterday, the chairman, Mr. D. W. Madden, said that the increased turnover during the past year was reflected in the gross, profit, which amounted to £1,013.176, an increase of £211,256 on the previous year. Trade expenses and charges continued to increase, and including provision for taxation, amounted to £895.527, an increase of £201,674, resulting in a net profit of £1i11,648, an increase of £O5Bl. Tlie dividends, already announced, totalled 7 per cent, for the year, and absorbed £114.475. This necessitated drawing on the amount brought forward to the extent of £2820. and left. £29.858 to be carried forward r , . ..... The retiring directors, Messrs. E. T. Chrisp and D. E. Wanklyn, and the Hon. E. R. Davis were re-elected. Farmers’ Co-operative Organization The directors.of the Farmers’ Co-opera-tive Organization Society of New Zealand Ltd. report for the year ended March 31 that, after allowing for contingencies, providing depreciation on plant and properties to the extent of £5)156, and after paying rebates to shareholders of 41 per cent, on tliplr purchases of merchandise, and 15 per cent, on stock commissions, the profit amounts to £47.795. Out of this has been provided £33,419 to meet expected commitmeats fop income tax, national security tax and social security tax. The balance of net profit remaining. £12.376, together with the balance carried forward from last year, £15,671, amounts to £28,047. The directors recommend payment of 4 per cent, dividend (national security tax ana social security tax paid), absorbing £B5OO, the carrying to general reserve of £3(M and the carrying forward of Liti.OH. Gold Mining The return from the Slub Hut Creek Gold dredge for the week ended June if was 31oz. from 36.400 yards In 203 nours. For three months to May 1. Pato Consolidated Gold Dredging. Limited, dredged 2,495,000 cubic yards for a recovery or 30.249 ounces of fine gold, and recovered with its hydraulic units 3338 ounces of fine cold, he value of the total production being ■..385,545 United States doi.ars. During the saim period Asnazu Gold Dredging. Limited, handled 1.483.900 yards for a recovery of 9597 ounces of une KOio. equivalent to 333.893 United States dollars The Rimu dredge, for * the period May 30-June 18. returned 263.8 ounces for -31 hours from 64,403 yards. The May totals were 725 ounces, 550 hours, 151,895 yards. The Clutha River return last week was 68 ounces for 65 houre.

Buyers. £ s. d. Sellers. £ g, d. V p.c., l/S/46 99 12 6 1 p.e.. ih/n/47 99 I) 0 09 5 0 A p.c., 15/3/48 98 5 0 — 1 p.c.. 15/6/47-49 .... 97 15 0 —— I p.c.. 1/10/53 —— 95 5 0 p.e., 15/7/1945 100 7 6 —— p.e.. 1/8/51-51 99 5 0 p.c., 15/U/32-55 .... — 99 10 0 p.e., 15/12,'53-50 .... — 118 12 6 p.e.. 15/4/60-63 .... — 98 a 0 i p.e.. 15/1/56-59 .... — 102 10 0 p.C.. 15/1/53-57 — 104 2 0 4 p.c., 30/11/11)48 .... 103 0 0 4 p.e.. 15/4/46.49 .... ■’ *. 102 10 0 4 p.c., 15/5/49-52 .... 103 17 6 104 5 0 4 p.e., 15/6/52-55 105 0 0 —— 4 p.c., 31/5/54-58 .... 106 10 0 —* Comm. Ban a Sydney . 22 0 0 •— Nut. Bank N.Z c2 15 3 Bank New Zealand x2 4 7 Ditto “D” Mort ... xl 13 fl —* Union Bank Aust. ... —— 8 12 8 Nat. Bank A'asia., pd. 12 0 U Goldsbrough Mort Xl 10 D 1 12 0 Newton King, pref. .. 1 2 8 N.Z Guarantee .... ■ 1'1 0 4 7 Loan and Mercantile . 70 0 0 W.F.C.A.. pref 0 9 6 Wn. Inv. T. & A 0 8 0 — Wn. T. and Loan <•3 18 0 Wright, Stephenson, 1 5 0 MB N.Z. Invest. M, & D. 0 10 9 Christchurch Gas .... 1 6 0 •"t Wellington Gas. ord. . 1 14 3 Ditto, pref 1 5 8 ■M 0 10 Gear Meat 01 5 0 N.Z. Refrig., £1 1 8 fl ■WW Ditto. 10/0 13 10 0 14 3 Wgtn. Meat Exp 0 13 fl Huddart. Parker .... 3 3 8 MB P. and 0. 2 4 9 Union Steam, pref. .. 1 10 0 ■M> Renown Collieries 0 9 6 Bonds Hosiery 2 4 fl —M Felt and Textiles .... 2 12 0 Manawatu Knitting .. 2 1 fl •MB 1 0 9 Wellington Woollen pre? 9 10 0 w Roto-iti Timber 0 8 8 Tanpo-Totara Timber —W 0 9 3 Ditto, pref 0 10 0 wm Tooth Brewery 2 IS 3 —R Ballins (15/-pd.) .... cO 19 0 MW C. M. Banks, pref, ... 0 15 0 British Tobacco x3 11 8 Broken Hill 2 4 8 Burns Philp 3 13 WM Consol. Brick 0 10 6 D.I.C I 0 3 Dunlop Rubber 1 3 10 Electro. Zine, ord. 2 17 0 ■m Ditto, pref 2 18 0 m« Frozen Products 0 13 9 mm 3 6 9 Gridin and Snns, £1 . . 1 11 9 General Indust 1 3 10 MM J. J. Niven - 110 Ma nd tiffs ord. 0 17 4 Ditto, pref 1 0 0 -M x2 10 0 MM Matters (N.Z.) 0 17 8 MM N.Z. Foreat Products , •— 0 7 3 Ditto, pref ■ ■ 0 11 0 N.Z. Drug 4 17 8 N.Z. Newspapers .... 2 2 0 ww N.Z. Paper Mills 2 0 0 MR Sharland. ord 1 10 fl mm Ditto, pref, ......... 1 10 0 mm Selfridges (Aust.) 18 0 mm Taranaki Oilfields ... w W 0 3 0 Ditto. Development . -w9 12 Wilsons Cement .... xl 0 8 Wm. Cable, pref 18 3 Woolworths, Ltd 10 4 MM Woolworths. (N.Z.) . xO 19 0 MM xl 10 6 Wgtn. Alluviate .... 0 2 fl Woolworth s Holdings (South Africa) .... 19 8 WM C, Cum dividend. x Ex dividend. Sales In New Zealand

WELLINGTON. No. of shares. Salo price. £ a. <1. £500 laser. Stock, 2J p.c.. 15/ 9/47 ‘99 2 6 £200 Ditto. 3 P.O., 1/8/51-34 .. 00 10 0 £200 Ditto. 3 p.c., 15/12/53-50 . 08 .7 fl 200 N.Z< Insurance 4 9 0 300 N.Z. Refrig., 10/. paid .. 0 14 1 10O Aust. Consol. Industries • Q 15 9 500 Woolworths (Syd.) t 0 9 •Late sale Tuesday.