REVIEW OF THE SHARE MARKET.

Press, Volume LVI, Issue 17015, 11 December 1920, Page 7

REVIEW OF THE SHARE MARKET.

Tie slate of th? share market has not improved during the past woofc, and. prices ail round remain Jo*-. The present stato of th•- market offers, investors with the capital available many opportunities for investment in fust-cl n.>3 securities, at prices that should pi oiv.ee very <rcod returns. During the pis' week two well-known Ironing compar-ic* lia-vo issued their an; nual reports and ba".ance-shc<?t3, and in each cos? 'he meeting of shareholders will 1)2 held on the 17th instant. The figures relating to the Canterbury Frozen Meat Ccrnir.iny have already been published in columns, and disclosed a- profitable year's work'r.s; and a strong financial position. Cum the final ,viividend nr.d boms, totalling 10 per c;?nt., tho ordinarv shares have been offered at £13 15s, without declared buy-crs. The statement of accounts of the Gear Mea-t Company for tho year ended November 30th last shows that tho net profit for the year amauntvd to r.'143,678 Ms 4<l, including' £5130 10s 10d brought forward from lost account. From this Amount £30,000 has fcein transferred to the Reserve Fund, making the total of the fund £130,000, ®nd £10,000 to the' insurance reserve, making the total cf that reserve £168,616 17s 7d. An interim dividend of 6d per ehare paid in Juno last absorbed £11,300, and it is proposed to pay a further dividend of &d per share, taking £17,250. It is al/go proposed to pay a bonus of 3d per share out of tho insurance reserve, making a total distribution of Is 6d psr eliare for the year. The sum of £50,000 is to bo set. aside tow&rda liability for leaving £24,928 14s 4& to bo carried forward. During the past year tho capital of the company was re-arranged, and now stands nt £460,000 in fully pa,id shares of £1 each. Tho ordinary shares are ouoted at 44s Cd, cum div., without declared buyere. New Zealand Refrigerating shares MO easier, and have been reported, of th© fully paid shares at 40s, and of the partly paid issue at 2€'s. i Go'dsbroagh Mort and Co. have declared ■an interim dividend of 1« per shaje, and buyers are offering 36s 3d, 'with fellers at 38s. . The National Bank ha® declared an tntanm dividend of C par cent., payable on January sth, and e-ellera/aro offering at £6 4s, witli recent business nt £6 Is. Huddn.rt-Park'ers rhow a reduction in pnoe, as compared with a week ago, and business has been reported at 89s 9d, with further Boilers at 40s Gd. During the previous weok shares changed hands at 6d end 40s. P. and 0. deferred fetocfe is still cum a dividend and bonus of 9 per cent., and t» stock distribution ol 6 per cent M Bales being reported at £400, £398, and £406, as against £410, £430, and £414 during the pT~vious week. Tho mining market is lifeless Tho Soldiers' Settlement Loan oloee& cm Thursday next. It is the duty of to oontribute to the loan to the utmost of their ability, and it is to be hoped that if the Minister of Finance finds it necessary to brrtg the compulsory clauses oif the Act into operation, they will be rigidly enforced c-wainst any financial ehirkers there may be, "particularly amongst the larg*& taxpayers.