FINANCE AND MARKETS

Sun (Auckland), Volume IV, Issue 988, 3 June 1930, Page 10

FINANCE AND MARKETS

GRAMAPHONE SHARES VOCALION (AUSTRALASIA), LIMITED The announcement that a company i being formed to take over the factor? of an English concern in Australia fc? the manufacture of gramaphones pon able gramaphones and gramaphon* radio combination sets is one of n ap ‘ ticular interest to New Zealand ini Australian investors today. p or th ° first time the public of New Zealand and Australia are to be given tIJ. opportunity of L>eing actually interested in the gramaphone industry and sha-. ing in the tremendous profits usuaili made by gramaphone manufacturing companies. The average dividend paid by tnl three leading English gramapboo# companies for the past Three rears seems hardly credible, nevertheless t]L following figures, which are taken from the London Stock Exchange Reco’cL and can be verified by anyone, go ty prove that investors in sraniaphoDn company shares not only got good dividends, but must also have madH money through the increase in th* value of these shares over that period" The ordinary 10s shares i n th* Columbia Graphophone Company lad., increased from £2 I9s 9d each 1826. to .CIS each in 1929. The ordinary £ 1 shares in the Gramophone Co Ltd. (His Master's Voice), increased from £ 3 9s 3d to £l6 5s during th* same period. The Vocal ion Company’s record, although they did no tradin* in 1926. shows that their ordinary ioT shares went from 9s 10*d in to £3 16s Sd in 1923. The average dividend paid by th* three leading English Gramapbon* Companies has been for the past thr«* years not less than 40 per cent. pe«The ordinary shares will be offered to the public at 5s each and the preference share at £1 each, and already thousands of these shares have been secured by leading business men in the Dominion. Copies of the prospectus of Vocation (Australasia). Ltd., may be obtained from the company’s broker. Campbell Paterson. P.O. Box 1206. Auckland or | any registered sharebroker.—3. FRANKTON STOCK SALE LATE RATES MAINTAINED j There was a short yarding of both j fat cattle and sheep at the weekly stock sales at Frankton yesterday. These lines met with good competition jat full late rates. Dairy cows and j heifers came forward in large numbers, but tlie demand was very weak. Prices for a small yarding of fat pip* were slightly higher, while stores sold on a par with late rates. Auctioneers ' report as follow: Messrs. Dal get y and Company. Lim- , ited. —Prime fat cows. £3 10s to £9 7s 6d; lighter sorts. £ 6 5s to £7 Its: : unfinished and rougher sorts. £5 to £5 j 15s; light fat heifers. £7 15s to £8 2* 6d: boner cows. £ 2 to £3 0s 6d: fat wethers. 26s 6d to 28s 3d for good j prime sheep: fat ewes, ICs fid to ISs 3d: baconers. £2 18s to £3 ss: pork* ; ers. £2 7s to £2 12s: small porkers, £1 16s to £2 2s: choppers, £3 12? «o ; £4 15s: good stores. £ 1 6s to £1 10s; ! slips. 18s to 245: weaners, 10s to 14s. New Zealand Loan and Mercantile Agency Company. Limited.— Fat bili locks £l4 Is: medium fat bullocks. £U I 2s 6d: light fat bullocks, £8 17s 6d to i £9 14s; heavy fat cows. £9 10? to £lu I 7s: fat cows, £S to £8 15s: light fat cows, £6 10s to £7 17s fid: killable cows. £5 Is to £3 Ids: dairy’ cows. £f to £10; store cows, £3 15s to £4 14?: heifers, £7 10s to £10; boner covrc, £2 to £2 10s: fat wethers. 265: light fat wethers, 19s lid: lambs. 16s Cd to 17s 3d;; heavy baconers, £3 to £3 4?: medium baconers. £2 15s to £2 IS.*; light baconers and heavy pork ere. £2 8s to £2 12s; porkers. 3Ss to £2 2s; stores, 25s to 28s; slips, ISs to 225; weaners, 10s 6d to 14s. Farmers’ Co-operative Auctioneer!*.?: Company. Limited.—Fat bullocks. 2'.l 12s; medium fat bullocks, £ll 12? f .o £l2 15s: light. £lO 8s to £ll ss: medium fat cows. £7 5s to £S 9s: ligi. 4 , £5 15s to £6 17s: forward-conditioned, £4 10s to £5 7s 6d; store rows. £2 1 to £4 4s; forward-conditioned 2 and 3-year steers, £8 15s: medium L>oners. £2 6s to £3 Is: light. £2 1 ').* to £2 14s: heavy porkers, £2 5s to £2 Ss: light. 35s to £2 Is: good stO’T!?. 29s to 325; weaners, Ss 6d to 14s.

COMPANY REGISTRATIONS

NEW AVIATION CONCERN Recent private company registrations at Auckland include an aviatiun concern formed for the purpose "t carrying on commercial aviation n the Auckland Province. The new venture, which is named Rotorua Airways Limited, and has its registered offi-e in Rotorua, includes in its objects ait - plane taxi work, air-mail contracting, flying instruction, and aero engineering. The registered capital is £1.209 in 20 £6O shares, the subscribers be it Jack Douglas Davys, Duncan Willi?t» Steel, George William Vaughan, Jol i Fortune, William Thomas Jupp, Jo* n Wylie, Ton Parata. Sydney Herbet Jolly. Alan Eric Carruthers, Caleb Robinson Tapper. John Falloon, Fre* - erick S. Boyes, George Steele. Albert Percy Smith, George Eric Dawso \ Sidney’ Smith, Michael Hutton. Joi n Bannatyne Morrison, Francis Mo* Boord, and Leo Marti-i Hughes, all of Rotorua, each one share. Other recent private company registrations include: Rosenfeld, Kidson and Company. Limited. shipping agent?. Capital. £5,000 in £1 shares. Subscriber-: Rosenfeld and Company (New Zealand), Limited, 3,500 preference shares! John Kidson. 1.500 ordinary shares. Imperial Advertising Company. Lir. - ited, printers, designers and adverti- ■- ing agents. Capital. £l5O in shares. Subscribers: Cedric ArthJi* Herman, 149 share?: Basil William* I Bell, 1 share.

N.Z. CO-OP. DAIRY CO.

SUPPLIERS’ MEETING At the annual meeting of suppl- s of the New Zealand Co-operative Dairy Company in the Morrinsville district, the following district suppliers’ committees were elected: —Manga tepark Messrs. S. H. Wilding (convener), F* Ba 1 me. E. C. M. Robinson and V* Johnstone: Kercone, Messrs. JNicholls (convener), P. McNaughton, O. E. Bowen, W. E. Smith and G. 1 ; * Way; Tahuna. Messrs. J. P. Jensen (convener), E. A. White. E. R- Whitechurch and R. G. Crocombe: Kurunui# Messrs. R. C. Saxon (convener). • Palmer. O. Glynn, C. A. Ferguson z'-'' 1 H. C. Luke: Tauhei Swamp Road. Messrs. V. W. Hastings (convener) anvi C. Taylor.