ON 'CHANGE.

Auckland Star, Volume LXX, Issue 35, 11 February 1939, Page 4

ON 'CHANGE.

BUSINESS QUIET,

VALUES GENERALLY STEADY.

RISE IX RHID RL'BBEKS

Bn.<ine.«f uas quiet on the Auckland >;ock Exchange this morning, and quotations at the final call were generally .-leadv.

In the banking section Commercials improved, buyers moving up to 1.3 3 and .-ellcrg to 16.'. New were quoted hrm between £1 18 9 and £1 19/. Among insurance shares Xew Zealand? had reduced bids of £2 12 9, but offers for iioutli British were raised to £2 3,6.

The only noteworthy change in Auk t rulian industrials wa« an improvement Colonial Sugars, which closed betweev -t'4B 5/ and £49 of. This class was gener ally firm on recently improved quota t ions. Buyers for Reid Rubbers moved up tc Ul 2 6. while sellers raised their limits to £1 4/. Weakness in Silknit (New Zea land) was reflected in a sale at 8/', 4/1 lielow the price when they were last soli in November. Government stocks continued firm. LONDON QUOTATIONS. (Received 12.30 p.m.) LONDON, February 10. To-day 7 s quotations included Oluth; Rivers, which had buyers at 1/3 anc -•nllers at 1/6; Molyneaux, buyers 4Vzd ,-ellprs 7'/2d. Mount Lyellj 19/4 Vi; New Guinea Gold 2/o*. NEW YORK EXCHANGE. (Received 12 noon.) NEW YORK, February 10. Turnover on the New York Stock Exchange to-day was 440,000 shares. SALES COMPLETED. AT THE 3.1 S P.M. CALL YESTERDAY— Last sals. £sd £ s d Com. Bank (ex div.l 0 15 n .. O 1(5 0 Oonsol. Brick .. 000.. 086 1.C.1, (pref.) ... 1 P. 7 .. 14 0 Wilsons Cement 015 10 .. 015 10 Wool worth (S.vd) 14:?.. 137 Mt. Morgan ... nll 10 .. 011 3 Mt. Morgan ... 01111 OHIO AFTER THE CALL. N'.T. Dm? 350.. 3 53 Keid Rubber 'J5/I 1 3 0 .. 1 2 6 N.Z. Insurance . 213 3 .. 213 0 Westport Stockton (p.ref.) ... 0 7 2.. 075 Woolwortb (N'.Z.) 01S O 017 0 Wilsons Cement 015 10 .. 015 10 UNLISTED. Whakatane Paper (pref.) 0 7 0 .. 0 8 0 AT THE 9.80 A.M. CALL TO-DAT— Broken Hill Pty 217 (I •> 17 f> Union Oil 110.. 113 UNLISTED. Silknit O 8 0 .. 012 6 AFTER THE CALL. Rank of N.Z. .. 118 10 .. lis 10 Colonial Sugar . 48 12 ti .. 4S 5 O W oolworth (X.Z.) 018 O .. 0 18: 0 comparTy affairs. mortgage. SH - A; PROFITS. .45 a.m.) Lu.»iX)X, February 10. i e i T,et r)ro ?. t of tlle National Mortgage 1 n,iw e f Cy nipany of New Zealand w-M •; ear ended September 31 l *, l I 1 ", k ' ng £32,957, including •i Li b r°"* } ! t forwa rd from last year available for distribution. After pavmeni of dividends (5_ per cent for the year), tcquiring £17,079, there remains £15,878 to be earned forward. , Pr ,°? fa s ' ,ow ' a sl,ar P drop and the divi- ,,, ? as be f" reduced, as shown in the following table, which gives results for ttie past three years:— Brought forward . £h\»U fIJMOO £15?6 8 7S Net profit 21.143 25.882 17,284 Dividend, p.c. '... "W* Amount 21,348 25.G18 17,078 Carried forward . £15.049 £15,«73 £15,87f HIGHER PROFITS REPORTED. DEBENTURES PAID OFF. . A ,ow e r output by 771 tons but an mci ease in net profit from £10,630 last •pr r ii° f?' m the year ended DecemL.f i i Ire1 re features of the annual ..-port and balance-sheet of the WestportNtockton Coal Company, Ltd. The dividend recommended, 6 per cent on preference shares, is unchanged. During the past year the last £10,485 of debentures has been paid off and this item ha* now disappeared from the During the past six years — / 0,000 of first and second debentures have been paid off. , appearing in the balance-sheet tor the first time is provision for social security tax, bringing the total provision tor taxation to £10,188, compared With £8824 last year. Cash on fixed deposit and in current account has also increased. The fact that a fall of rock completely blocked the mine mouth during the year find resulted in operations ceasing for a fortnight illustrates the contingencies "inch coal companies have to face and ; x ?, ~1 118 " ,e policy of the management in I'iulding up a substantial reserve to meet them. The year's output of coal was 141,951 tons, compared with 142,730 tons in the ptevious year. Year ended Dec. 31. 1937. 1938. 109.844 114*848 ni v n en H (prVf.'iVp.c.;: 10,63 ?; Dividend (amount) ... 5979 •> nri " V 22-04 liabilities - ''aid capital ... . 10775-, , n - - c . Secured debentures . S " sundry creditors 14 I roflt anrl loss account 26 *188 ASSETS— Kuffio UW °" nt 10 ™ 180.233 Sundry debtors, house IJC purchase ' , .... , Sundry debtors .. 17750 i7'2rriniras "!!!;* 7: 5L^ Tools and stores . . " •» o'>7 o < oal stocks "• -Ii Dcpoait and cash balance 22,507 28,120