FINANCE & COMMERCE

Dominion, Volume 37, Issue 235, 1 July 1944, Page 8

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations The latest buying nnd selling quotations recorded yesterday on the Wellington Stock- Exchange were as follows:—

Dow Jones Averages (Bv Telegraph.—Press assn.—Copyright.; NEAV YORK, July 2S. Dow Jones averages (1020 equals Joo> 20 Rail- H2 . Sharea i-oaits. Industrials, sold

Buyers. £ s. d. Seilers. £ B. d. 21 p.c., 1/8/46 99 12 6 BM 24 p.c., 15/9/47 99 0 0 MB 2j p.c., 1'5/5/48 98 7 6 MM 24 p.c., 15/6/47-49 .... 97 15 0 MB 2.} p.c., 15/4/19-51 ... —— 98 7 e 2.1 p.c., 1/10/53 94 15 0 BM• 3 p.c., 15/7/1945 .... 100 10 0 ■.II. 3 P.c., 15/9/52-55 .... M. 99 10 O •3 p.c., 15/12/53-56 ... as 5 o • —— 3 p.c., 15/4/00-63 .... — 9S' 5 0 31 p.c., 15/1/56-59 .... 102 5 0 34 p.c., 15/1/53-57 ... —B 101 5 0 4 p.c., 15/5/49-52 .... 104 0 0 . —— 4 p.c., 15/6/52-ao .... lUj u u MM 4 p.c., 31/5/54-58 .... 106 10 0 BM> ' Nat. Bank of N.Z. ... — x2 14 9 Bank N.S.W 37 5 0 .■■ Bank N.Z 2 4 9 MB Ditto, "D" Mort. .. 113 a MM B— c8 12 0 'Goldsbrough Mort .. 1 12 0 W.F.C.A., pref 0 9 0 — . Wgtn. iriv. T. & A. .. OSO MM Wgtn. T. & Loan .... 3 17 0 MM Wright. Stephenson, pref. 1 ft 0 N.Z. Invest. Mort ■ O 10 6 BBB Wellington Gas, ord. . 1 14 3 •— Feilding Gas 0 2 0 BM. National Ins 1 4 (5 MBB South British Ins. ... IBM 4 10 Gear Meat , 1 5 3 N.Z. Itelrig., £1 18 6 — Ditto, 10/- — 0 14 0 Wgtn. Meat Export . 0 .13 6 BBB Iluddart Parker .... 3 3 6 BM P. and 0 ...... 2 4 9 — • Union Steam, pref. ... 1 10 6 MB Renown Collieries ... 0 9 (i MM Bonds Hosiery 2 4 8 ill , Bruce Woollen — 1 17 0 Feit '& 'textiles 2 12 6 MM Manawatu Knitting .. x2 1 9 BBB Prestige.' pref 16 6 -- Wellington Woollen .. 9 12 0 Ditto, pref 9 10 0 BM 1 aupo-Totara — 0 0 3 Ditto, pref 0 10 6 —B Taringaniutu — — 12 6 N.Z. Breweries ...... 2 3 0 i'ooth and Co 2 18 3 Queensland Breweries —— ISO Anthony Hordern ... 0 19 4 MB. British Tobacco .... MB. X2 11 8 Broken Hili 2 5 0 BBB Burns. Philp 3 1 3 Colonia] Sugar ...... 37 10 0 — Cant. Holler Flour . 0 18 0 Bycroft 2 16 3 _B DJ.C 10 3 ___ Dunlop Rubber ..... 10 1 Electro Zinc, pref. . 2 IS 3 BM David Jonec 1 16 3 — Frozen Products .... 0 13 10 BBB G. .1. Coles 3 5 9 MB Gridin 3: Sous, £1 .. 1 11 9 MB Ditto, 10/0 15 9 ■ General Indust. ..... 1 3 10 Bl < F.C.I.. pref 17 0 MB ,T. J. Niven 110 Macduff s, ord 0 17 8 Ditto, pref 1 6 0 MB McKenzies X2 19 9 BBB Melters (N.Z.' 0 17 6 M B N.Z. Forest Prod. .. 0 7 3 Ditto, pref. ....... —— 0 110 National Electric .... 1 13 0 1 15 0 N.Z. Drug 4 18 0 MB. N.Z.' Farm. Fort. .... 14 9 BB N.Z. Newspapers ..... 2 2 0 <M> N.Z. Paper Mills .... 2 0 0 ■ MM Tiugey, pref 17 0 BBB Sharland & Co., ord. . 1 10 6 BM Ditto pref 1 11 0 BB Seifridges (A/asia) .. 18 0 ■ MB Taranaki Oil — 0 3 0 Taranaki Develop. ... bw0 10 Procera Bread 0 3 O BBB Wilso.n’s Cement .... 1. 0 3 — Woolworths, Ltd — 10 0 Woolworths (N.Z.) .. xO 19 4 MW Ditto, Prop —— xl 10 6 Mt. Lvell 1 12 0 - Emperor Mines 0 13 9 New Occidental ■ ■ ■ 0 15 0 Woolworths Hold. (S. Africa) . 1 11 ft c, cum. dividend. x, ex,dividend. Sales In New Zealand Dealings in stocks and shares recorded on New Zealand Stock Exchange s yes torday were as follows, the number of shares in each lot being shown in the case o' Wellington:— ; WELLINGTON.

No. of Sale Price* shares. £ g. <1. £1070 Inscr. Stock, 21 per cent., 1/10/53 (2) 05 0 0 £350 ditto, 3 p.c., 15/12/53-56 08 7 « £1100 ditto, 4 p.c., 30/11/48 .. *103 10 0 £1000 ditto, 4 p.e., 15/5/40-52 104 5 0 100 Bank of N.z 2 5 0 35 Wgtn. T. & Loan, ex div. 3 18 0 50 Wgtn. Woollen ord. ... *9 10 O 4 100 ditto 9 .10 0 1550 Consol. Brick 0 10 3 100 G. J. Coles 3 6 0 s 200 Selfridges (A/asia) ..... 1 6 6 ;>00 Emperor Mines 0 13 3 100 Mt. Lyell , *1 12 3 *Late sale Thursday. AUCKLAND. Inscr. Stock, 21 per cent., 15/0/47 (21, £99/5/-; ditto, 4 percent.. 15/4/46-49. £102 5/-; ditto, 4 percent., 15/5/43-52, £'101/5.'-; Wool Bonds, 1/2/4S, £1/0/3; Bank of ;.Z. (2), £2/ti/-; National Insurance, £1/5/-; Westport-Stockton Coal, 0/7, 6/9; G. .1. Coles. £3/6/-; N.Z. Drug Co., £5; MeKenzies Dept. Stores, £3/0/0; William Cable, pref., £1/9/-; Woolworths fN.Zj, £1; Emperor Mines. 13/3; Mt. Lyell, £1 12/3. Unofficial list: Auckland Farmers Freezing, £1/5/6; N.Z. Woolpacks, 3/-. CHKISTCHURC1I. Inscr. Stock, 3 per cent., 15/5/53-56, £98 15/-: Bank of N.Z. (2), £2/5/-; National Bank of N.Z., £.2/14/-: Union Bank, £S 11/-, £8/10/-: N.Z. Farmers’ Co-op., A pref., £3/17/6; Westport Stockton Coal (21, 7/-. 6/101; Kaiapol Woollen. £1/1/10}; Macdud's Ltd., 17/9; N.Z. Newspapers, £2 3/-; Otago Daily Times (2), £2/11/-; Seifridges (A’asla), £1/6/6. DUNEDIN. Inscr. Stock, 21 per cent., 115/6'47-49, £'JS; N.Z. Loan and Merc., £71/10/-: Westport.-Stockton Coal. 6/7, 6/5, (6) 6/6; Wellington Woollen, ord., £9/10/-. I.C.I. Profit ■ Profit. of Imperial Chemical Industries Ltd. for 1943 was £(1.685,315 sterling, compared with £0.499,839 in 1942. The result lias again been arrived at after providing for undisclosed taxation and £2,500,009 for the central obsolescence and deprcciadon fund. Ordinarv dividend is again 8 per cent., less United Kingdom tax, reditced by Dominion relief of 7d. in £1. Directors have appropriated £774.210 to the war contingency reserve against £601,595 and £1(10.090 (unchanged) to the war personnel reserve. Provision for the dividend on pref, stock amounts to £1.682,468, and for the ordinarv distrihutio:i to £4.032,1-1.8, leaving carrv forward of £1,062,018, compared with £965,499 brought in. Australian Share Prices The Federal Government is unlikely 1o agree to any large-scale relaxation of the system of ceiling prices of shares. This was stated officially in Sydney last Tuesday. A number of conferences have ben held between the Federal Treasurer, Mr. J. B. Clilflev. and Stock Exchange representsfives on Um question, and 'it Is reported that Mr. Chifiey is opposed to any redaxalion at present. Gold Mining North Kalpurli (19121 Ltd. reports that during the period ended May *>0 7881 tons were treated for a recovery of 2307 ounces. Associated field Dredges last week returned 115 ounces for .2871 hours from 47,300 yards. Wellington Poultry Prices Prices of live poultry in the Wellington markets are quoted by Townsend and Paul Ltd. as follows: — White Leghorns: Hoih 5 . host 4/<», weach, others 3,0, 4/0: cockerels, 1/0. 1/8 lb. l.w.; pullets, best 12/-. 14/- each, others r. ■12 -. Black Orpingtons: Hens, heavy 7/-. 10/- each, light 5/-. '/-; cockerels, heavy 1/8. 1/9 lb. l.w.. light 1/8, 1/9 lb. l.w. Itiiodo Island Beds: Cockerels, 1/9, 2/- lb. l.w. >j% 1 lucks: Indian Bunner, young >/-. 10/caeli obi II/-. 7 - : I’ekui. young fl.'-, 12/-. old ii'-, 9.-. Geese: 6/-. 6/-. Turkeys: 1/6. 1/n lb. l.w. ,, Pressed poultrv: Boilers, heavy each. light 1/-. 7/-: chickens. 1/8, 1/9 ib.; ducks. 8.'- each; geese, o,-. 9,-; turkeys, i/6. 1.8 lb.

,1 I] TH.' 1 l 41.43 1 4’2 2,371.01:0 .7 one ) 4J..M 11*. 63 '2.313.(1110 i ii. 147.90 1.516.900 .7 ii no 2 I'--1 111J >•' 1.279.600 .1 uue ; ii '- 117.50 1,361.009 .7 n nr i n..ii> 147.1s 55SjhiO ns. 12 1.720.000 .1 line ’it.'iii 117.93 1,7-tG.OOO