TO-DAY’S QUOTATIONS

Sun (Auckland), Volume II, Issue 500, 1 November 1928, Page 12

TO-DAY’S QUOTATIONS

Closing quotations at to-day's mid day call were:

SOUTHERN EXCHANGES YESTERDAY’S SALES Press Association Cear Meat - 435 ; New Zea--1«3? £M er 2s“ e 6d' Per oent ' Stockmll: £ioi -io.s ’ 5i per cent - stock - Christchurch.—Commercial Bank of Australia. 30s 2d (two); Bank of New Zealand. 61s Id. 61* Sd, tfls 6d; Bank of fl ,rt^ , t Ut i W 5 eB ’ £sl 15s; Ooldshrouph. id 1 v ealand Breweries. 64s ±?\ 4 . c ’ Mahabipawa, Is 4d (fiveiTolaga Bay. 6 per cent., 1944, £lO3 10s : Zealand Breweries, bonds, 24s sd’ .. D dnedin—Bank of New Zealand 61s ad. Commercial Bank, 30s 3d. v - CHICAGO WHEAT I United P.A. — By Telegraph — Copyright) (Australian and N.Z. Press Association) liecd. 9.45 a.m. CHICAGO, Wednesday. yv heat.—December. 1 dollar 16 1-S cent* a bushel: March, 1 dollar 21 cents lb 1 dollar 233 cents, cents, May,

CITY OF SYDNEY LOAN NEGLECTED FOR PERUVIAN - ISSUE (Australian and N.Z. Press Association) LONDON, Tuesday. Subscriptions to the City of Sydney loan, which was issued on Friday, have not reached expectations, the loan having met with competition from numerous issues yielding high returns, notably a Peruvian 6 per cent, loan at 91. This yields £6 16s per cent., allowing for redemption, whereas the yield from Sydney’s issue is only £5 7s 2d per cent. The Peruvian issue was largely overbut. the underwriters have been left with 72 per cent, of the Sydney issue. The amount of the Sydney loan has not been cabled. BRUCE WOOLLEN COY. SMALL PROFIT FOR YEAR A net profit of £7,297 is shown in the balance sheet of the Bruce Woollen Manufacturing Company for the year ended September 19, 1928. As a result of trading extending over a number of years, a customer had become so heavily indebted to the company that, on his business being wound up, the account showed a debit of £3,993. This loss has been charged against the profits. Provision has also been made for depreciation to the extent of £2,000 on plant, and the directors recommend that out of the balance of the profit, £1,324, the dividend and interest on preference capital, amounting to £1,0G4, be paid, and that £259 be carried forward. The latter includes £39 brought in from the previous year.

The company reported a net profit of £9,05G in 1926, and paid a dividend of 7 per cent, on the capital of £IOO,OOO. Last year its accounts showed a loss of £1,5G7, reducing the balance brought forward to £39. The decision to increase the capital to £150,000 by the creation of 50,000 7 per cent, cumulative preference shares of £1 each was made at a special meeting in July, 1927. At the date of the balance sheet the paid-up capital was £127,211. Bank overdraft at £55,933 shows an increase of £2,757. The principal assets are: Plant account, £57,536, a reduction of £1,826; premises. £34,554; stock, £97,404, an increase of £27,942: and book debts, £ 1d,891, a reduction of £9,105.

BANKS— Buyers. Sellers Australian Bank of £ 8. d. £ s. d. Commerce 1 3 9 13 Bank of Adelaide . . Bank of Australasia Com. Bank of Aus. 1 10 Ditto (pref.) . . . . 0 7 6 Com. Bank of Sydney 27 15 0 — Scot and Aus. X 17 Nat. of N.Z .Nat. of Australasia 7 3 0 7 0 0 (con.) New South Wales .. 52 0 New Zealand Ditto, D. Mort. 3 1 6 3 1 3 (20s paid) 1 S 3 17 9 Union of Australia . INSURANCE— 15 7 0 — A.P.A 0 7 6 — New Zealand .. . . 2 6 National Queensland South British .... — loan AND AGENCY— 3 2 Farmers’ Co-op. Auc, 3 10 Ditto (A pref.) .. Ditto (B pref.> .. •roldsbrougrh, Mort . National Mortg and 2 11 9 2 11 0 Agency Newton King (pref) 0 7 N.Z. River Plato .. N.Z. Loan and Merc. Ditto (pref.) .. .. N. Auckland Farmers — 82 0 0 Co-op. (ord.).. .. COAL— — 0 2 0 Jrlikuranpi .. .. .. Ditto (pref.) .. .. 0 11 3 0 11 0 Ditto A (pref) Pukemiro 3 0 0 3 6 Renown .. .. .. 0 16 Ditto (pref.) .. .. 0 3 0 0 2 Taupiri .. .. ... 1 7 Ditto (pref.) .. .. A\ a:pa 0 14 \V estport Stockton . 0 3 Ditto (pref.) ... .. GAS— 0 4 0 Auckland 1 3 Ditto (con.) .. .. 0 17 Gisborne .. M M Napier .. SHIPPING— 10 7 6 Devonport Steam .. 1 4 3 Howard Smith .. .. 1 5 Huddart-Parker Ditto (pref.) .. .. Northern Steam 0 14 Ditto (con.) . . . . 0 r, P. and O. (def. stk.) 2 13 Union Steam (pref.) TIMBER— 1 0 6 Kauri .. «. .. Ley land-O’Brien «. National Parker-Lamb WOOLLEN— 0 11) 0 0 16 0 Kaiapoi 0 14 Ditto (con.) .. .. Ditto (pref.) .. .. 0 15 Mosgiel Wellington .. M M 7 0 Ditto (pref.) .. .. — 6 18 0

Sellers Buyers. BREWERIES— C. L. Innes 6 Ditto (pref.) .. .. 1 New Zealand .. .. 2 15 0 2 14 0 MISCELLANEOUS— Auck. Amuse. Park 3 H Australian Class .. British Tobacco . .. 9 Burns, Philp .. .. Bycroft, Limited .. Checker Taxi .. . . 2 3 9 Dominion Pictures . Ditto (pref.) .. Donaghy’s Rope .. Electrolytic Zinc — 1 12 0 (ord.) 1 13 Ditto (pref.) „. .. 1 6 Pullers’ Pictures Grey and Menzies . g 9 Hamilton Theatres . Henry Jones Co-op. 6 Hill and Plummer . H.M. Arcade (pref.) Lewis Eady (ord.) . 1 Ditto (pref.) .. .. 6 Milne and Choyce . p Ditto (pref.) .. .. Ditto <B pref.) . Ditto (deb. stock) N.Z. Farmers’ Pert. N.J5. Refrig. (con) 0 Robinson Ice Cream 1 Ditto (new" issue) Sanford. Ltd Union Oil .. .. 0 19 6 0 17 6 Whittome Stevensons Wilsons Cement .. 2 0 Farmers’ Trading . 0 8 Ditto (B pref.) MINING— Alburnia (2s 6d 0 9 C paid) Moanataiarl (paid) . 0 Ditto (con.) .. .. Ohinemuri (ord.) 0 Waihi (ex. div.) .. 0 13 0 Waihi G. June. 0 10 Broken Hill South . Mount Lyell .. 1 17 New Waiotahi (con.) DEBENT URES— Auckland Gas, 1928, 0 0 6 1 , Auckland Harbour — 103 0 0 Board, 55 p.c. Ditto, 6 p.c. Bor. Devonport, 6 .. Bor. ML Eden. 62 Ditto, 6 p.c* Hamilton, 6 p.c. N.Z. Breweries 1 Nat. Trading - , C p.c. 100 0 Glaxo 89 0 0 GOVERNMENT BONDS— War Loan, 1930, 4} 100 0 Ditto, 1938, 4} .. Ditto, 1939, 4} Ditto, 1941, 4J Ditto, 1933, 5J .. Ditto, 1936, 55 .. 101 2 6 INSCRIBED STOCKWar Loan, 1938. 41 Ditto, 1939 44 Ditto, 1927-41, 5i . Ditto, 1933, 55 Ditto, 1936. 54 Ditto, 1933, 5J .. 98 15 0