Commercial INVERCARGILL STOCK EXCHANGE

Southland Times, Issue 24819, 11 August 1942, Page 2

Commercial INVERCARGILL STOCK EXCHANGE

There was a quiet but firmer market for Commonwealth industrials on the Invercargill Stock Exchange yesterday. Quotations. Government Debentures.—4 P-c--1943-46, b £lOl/15/-; 4 p.c. Stock 1946-49, b £lO3/10/-; 4 p.c. Stock 1952, b £lO4/15/-, 4 p.c. Stock 1952-55, b £lO5/10/-, 3«, z p.c. Stock 1953-57, b £lOl/15/-; War Loan 1953, b £9l; 3 p.c. Liberty Loan, b . Banks. E. S. and A. Bank, b £3/5/-, National of Australasia, s 5 / 12/ w of New Zealand, b £l/18/-; New Wales, b £2B/5/-; New Zealand, b £l/19/3, New Zealand Long “D” issue, b £l/9/9, Union of Australia, b £6/16/Breweries,—Dunedin Brewery Company, b 18/-' New Zealand Breweries, b £l/10/3. Coal.— Kaitangata, s £l/13/-; Westport Coal, b £l/4/3; Westport Stockton (ord.), b 2/9 Insurance-National, b 19/-; New Zealand. b £3/7/6; Standard, b £3/1/-. Loan and Agency—Dalgety and Company, s £7- Goldsbrough, Mort and Company, s £l/6/-; Perpetual Trustees, b £2/10/-; Trustees’ Executors (Dunedin), b £4/2/-; Wright, Stephenson (ord.), b 19/-; (pref.), Meat Companies.—New Zealand Refrigerating (£1 paid), s £l/1/9: (10/- Paid), b 9/3; Southland Frozen Meat, b £l/14/-, South Otago Freezing Company, b £5/2/6. Shipping—Union Steam Ship Company (pref.), b £l/6/9. ' Woollen Mills—Bruce, b £l/4/-; Mosgiel, b £11; Oamaru, b £l/2/3; Timaru, s Miscellaneous. —Australian Consolidated Industries, b £2/4/-; Broken Hill Proprietary, b £l/15/6; British Tobacco (Aust.), b £1 19/-; G. J. Coles, b £2/7/6; D.I.C. (ord.), b 14/6; Dominion Fertilizer, b 17/9, s 19/6; Donaghy's Rope and Twine, s £2/10/-; McDuffs Ltd. (ord.), s 7/-; Milburn Lime and Cement, s £l/16/3; New Zealand Drug, b £3/13/-; New Zealand Guarantee Corporation, s 3/-; Otago Daily Times, b £l/18/-; Southland Ice Cream, s £l/3/3; Wilson’s (N.Z.) Cement, b 17/-: Woolworths Ltd., b 15/-, s 15/9: Woolworths (N.Z.), s 14/4. Mining.—Broken Hill South, b £l/0/6; North Broken Hill, b £l/15/6; Electrolytic Zinc (pref.), b £2/3/-; Mount Lyell, b £1 4/-; Mount Morgan, b 7/3. Sale Reported.—McKenzie’s Ltd., £l/19/-. NORTHERN EXCHANGES CHRISTCHURCH.— SaIes on ’Change: Broken Hill Proprietary £l/16/-; Colonial Sugar £4B. Sales reported: Mutual Benefit £l5 (4); Swan Breweries £l/0/6; McKenzie’s Ltd. £l/19/-; New Zealand Paper Mills £l/13/-; Woolworths (Sydney, ord., late Friday) 15/5; Australian Consolidated Industries £2/6/6. AUCKLAND. — Sales: Stock 1953-57 3>/z P-c. £lO2/10/-; Commercial Bank 14/8; Bank of New Zealand £l/19/6; New Zealand Insurance £3/9/-; South British £3 (2); North Auckland Farmers (B pref.) 11/9; Bruce Woollen (pref.) £l/3/6; Consolidated Brick 7/-; Reid Rubber £l/1/- (2); Sanford 4/6; Woolworths (Sydney) 15/5; Martha 8/-; Una 4d Loloma 16/-; Devonport Steam £1 2/- (odd lot).

WELLINGTON— SaIes: Late Friday, 3 p.c. Stock 1952-55 £100; 4 p.c. Stock 1943-46 £102; Bank of New Zealand £l/19/6; McKenzie's Department Stores £l/19/-. Monday, National Electric £l/4/-; Morris Hedstrom 18/-. DUNEDIN.— SaIes reported: Late Friday, Kaitangata Coal £l/12/-; Dominion Fertilizer 18/-; New Zealand Paper Mills £1 13/-. Monday, New Zealand Paper Mills £l/13/-; Government Stock 1949-52 £lO5. RIMU DAIRY FACTORY Mr A. C. Carswell, chairman of directors, presided over a representative number of shareholders at the annual general meeting of the Rimu Co-operative Dairy Factory Company Limited. General satisfaction was expressed with the result of the past season’s operations. The output was increased by 17 tons to 120 tons, and the payout at 17.75 d per lb of butterfat was over lid per lb better than that of the previous year.

In recognition of his excellent work .during the year, and particularly his success in winning the grading competition for cheese exported from the port of Bluff, with an average grade of 93.205, the manager, Mr W. H. Stewart, was presented with a fireside chair. Mr A. J. Rabbidge, the first assistant, was presented with a fountain pen and propelling pencil in appreciation of his share of a successful year’s working. Mr Robert Grieve, the retiring director, was re-elected unapposed.

The proposal of Mr A. C. Park, of Edendale, to form a Dairy Farmers’ Union, was fully discussed and met with general approval. At a meeting of directors held after the annual general meeting, Mr Carswell was unanimously re-elected chairman. DIVIDENDS AND PROFITS (P.A.) WELLINGTON, August 10. The Stock Exchange Association has received the following cable advices:— The directors of the Commercial Bank of Sydney recommend a dividend of 7H per cent, per annum for the past half-year. The Mount Morgan Company’s estimated working surplus for the four weeks ended July 29 was £6083. Broken Hill Proprietary’s net profit for the year ended May 31 from trading was £379,885, to which is to be added £307,826 Income from investments, making a total of £687,711 for the year. The directors of Wellington Aliuvials announce a dividend of threepence a share payable on September 9.