FINANCE & COMMERCE

Dominion, Volume 37, Issue 239, 6 July 1944, Page 6

FINANCE & COMMERCE

STOCK EXCHANGE Sales In Nexv 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 WELLINGTON.

Instr. Stock, 21 per cent., 1/10/53, £9l 17/6; Wool Bonds. 1/2/18, £l/0/3; Bank of N.Z., £2/5/-, £2/5/1; Nat. Bank of N.Z., £2/14/-; Farmers' Auct., £2 paid (odd lot). £l/18/-: Auckland Gas, 8/1; Westport-Stockton Coal, 7/4, 7/5; Kauri Timber, £l/9/-; Aust. Consol. Industries, £2/10/11; Broken Hill Pty., £2/5/9; Colonial Sugar. £5-8/10/- (2); Fletcher Holdings, £l/6/9; Henry Jones, £2/13/9; William Cable, pref., £l/9/6; Woolworths (N.Z.), £l/0/3; Woolworths Properties, £l/9/6- Martha, 9/1; Mt. Moreau, pref., £l/0/6. CHRISTCHURCH. Inscr. Slock, 3 per cent., 15/12/53-56, £9B/5/-, £BB/7/0; ditto, 4 per cent., 15/4/46-49, £lO2/5/-; ditto, 4 Per cent., 15/6/52-55, £lO5/5/-; Nat. Bank of N.Z., £2/14/-; Aust. Foundation Invest. Trust, 5/2; South British Insurance, £4; Booth Macdonald, 1/3; Domighy's Rope, £3/8/-; Otago Daily Times, £2/14/-; Woolworths (N.Z.), £l/0/3, £l/0/4, £l/0/5; Woolworths (Syd.), £l/1/5; Arahura Gold, £1 11/-. DUNEDIN. Bank of N.Z., £2/5/. (2), £2/5/1; N.Z. liefrig., £1 paid, £l/9/4; Westport-Stock-ton Coal, 7/4 (2), 7/5. MT. MORGAN NEW ISSUE Position Of Shareholders The Reserve Bank has advised the Stock Exchange Association In connexion with the new issue of 300,000 7 per cent, second preference shares by Mount Morgan, Ltd., that in order to meet the position the bank Is prepared to approve transactions falling into the following categories;— (1) Existing holders of the 200,000 preference shares may apply for an equal number of the new issue. As this is virtually a “conversion” of existing shares, there will be no remittance of funds. Applications to export the share certificates should be submitted on form K. 8.84 through a trading bank. (2) The remaining 100,000 shares, puts any unallotted balance of the 200.000, are being offered to existing shareholders, but it should lie carefully noted that; (a) The Reserve Bank is not' prepared to agree to applications in .excess of the total face value of the shares, botli preference and ordinary, held by any shareholder. Thus a person holding SOO ordinary shares could only apply for 100 in the new issue, (b) 'Die company requires that applications from other than preference shareholders must be for parcels of shares in oven hundreds. Persons holding ordinary shares only of a nominal value of less than £loo' will not therefore be able to participate. » The hank will agree to the remittance of th,* requisite funds, but where the shareholder litis funds in Australia, these must be utilized in the first instance. The relative. application must be submitted til rough a trading bank. Dividends Declared Woolworths, Limited, have declared a dividend for the half-year ended July 31, On tlie 10 per cent, preference shares' and the 7 per cent, preference shares, based on shareholdings as at. July 31, payable on August 15. Transfer books close July 19-31 inclusive. Woolworths (W.A.). Limilnd, advise' that, a dividend for tl/c half-year ending July 31 has been declared on the 8 per cent, preference shares based on shareholdings as at July 31, payable on August 15. Transfer books close July 26-31 inclusive.

London Stock Exchange LONDON, July 4. On Iho Stock Exchange today prices for corporation debentures and stocks compared with previous quotations as follows:— June 21. July 4.

Gold Mining'

The Slab Hut return last week was 58oz. for 124 hours from 24,000 yards. '

No. or shares. Sale Price. s. d. £500 laser. Slock, 21 per cent. 15/0/47-19 ♦US 0 0 £955 ditto, 1 per cent., 15/0/52105 5 0 100 Broken Hill Pty. 5 9 9 Colonial Sugar •r>5 10 0 100 Macdufl's Ltd 0 17 9 150 \Voohvortlis (N.Z.) 0 2 1 0 3 •Late sale Tuesday. AUCKLAND.

£ s. d. £ 8. d. Dalgcty & Co., -1 .p.e. (is jo 0 9S 10 0 Dalgcty & Co., shares tt 0 0 1) 0 0 British Tobacco .... 1 ].-> 0 .1. 11) 0 Goldsbrough Mort .. 1 :: y 1 3 0 1’. and 0. def .1 ?.) 0 •» 0