COMMERCIAL

Press, Volume LXXIX, Issue 23971, 11 June 1943, Page 6

COMMERCIAL

STOCK EXCHANGES BUSINESS AT CHUISTCHURCH Apart from vestibule business, the following transactions were recorded on the Christchurch Stock Exchange yesterday Sales on ’Change.—Listed Stocks: £2OO N.Z. Govt. 3 p.c. Stock, 1953-56, £97 17s 6.1. Sales Reported.—Listed Stocks: £630 N.Z. Govt. 4 p.c. Stock, 1946, £lOl 12s 6d: £630 N.Z. Govt. 4 p.c. Stock, 1949, £lO2 15s; 100 G. J. Coles. 575. Latest Quotations N.Z. Govt. Debentures.—3 p.c. Stock, 1952-55, s. £9B 10s; 3 p.c. Stock, 1953-56, b. £97 12s 6d, s. £97 17s 6d: 4 p.c. Stock. 1946, b. £lOl 12s 6d; 4 p.c. Stock, 1949-52, b. £lO3 15s; 4 p.c. Bonds. 1946, b. £lOl 12s 6d. Banks.—Australasia, b, £9 2s 6d; Comm, of Aust., b. 16s sd, s. 16s 9d; National of N.Z., s. 51s 3d; New Zealand, b. 41s 3d, s. 41s 6d. Insurance.—National, b. 22s 4d; Standard, b. 725. Loan and Agency.— Christchurch Building, b. £lB 10s; Invincible Building, b. 92s 6d; Mutual Benefit, b. £ls; Permanent Investment, b. £lO ss, s. £l2 ss. Shipping.—P. and O. Deferred Stock, b. 365. Frozen Meat.—N.Z. Refrig. (10s paid), b. ir.o. Woollens.—Kaiapol (17s paid), b. 21s 9d; Kaiapol (7s paid), b. 8s 4d; Kalapoi (pref.), b. 225; Oamaru. b. 25s 3d; Wellington, b. £8 ss; Wellington (pref.), b. £8 Bs. Coal,—Westport-Stockton (pref.), s. 7s. Breweries.—Ballins (15s paid), b. 15s; Dominion (cum dlv.), b. 36s 3d. Miscellaneous.—British Tobacco (ex | div.), s. 47s 6d; Colonial Sugar, b. £55. s. £55 12s 6d: C.F.C.A. (ord.), b. 11s; Dominion Fertiliser, b. 245; Donaghy Rope, b. 5Ps; Dunlop Rubber, b. 21s 6d, s. 22s 6d; General Industries, b. 20s 9d; General Motors-Holdens (pref.), b. 245; Hadfields. b. 11s; Hay’s (con.), b. 28s; Griffin and Sons. b. 20s 6d; Mason. Struthers (£1 naid). b. 14s 3d; Meggilts, b. 30s; N.Z. Farmers' Co-op. (A pref.), b. 555, s. 595; N.Z. Newspapers, b, 365; Woolworths (Sydney) (ord.), b. 15s lid, s. 16s; Woolworths (N.Z.) (cum div.), s. 15s 6d, j Australian Mining.—Loloma. b. 20s. s. 24s 6d; Mt. Lycl), b. 295, s. 29s 6d: Wellington Alluvials, b. 2s 3d. New Zealand Mining.—Arahnra, b. 26s 9d; Arahura idef.), b. 21s 3d; Grey River (cum div.), b. 14s. AUCKLAND Sales.—War Loan, 1/10/53. £94; Liberty Loan. 15/5/53-50. 3 p.c.. £97 15s; Ins. Stock. 31/5/54-58. 4 p.c.. £lO6 10s; -Amalgamated Brick. 1/3/44. 6 nor cent., £lOl 10s: Commercial Bank. 16s 7di North Auckland Farmers’ (B pref.'). 13s 9d; Dominion Breweries (odd lot). 36s 6d; Woolworths (N.Z.), 15s 4d; Woclworths (Syd.). 16s (3); Mount Lvell. 295: New Auckland Laundry. 16s; Kanieri (deferred). 12s. Unofficial List.—Farmers’ Freezing. 235; Australian Motorists’ Petrol. 14s 3d. WELLINGTON Sales.—Late Wednesday; Comm. Bank, 16s 6d, 16s 7d; Bank of N.Z., 41s 6d. Yesterday: Commercial Bank, 16s 7d; Dominion Breweries, 36s 6d; Christchurch Permanent Building ‘'A,” £lB 14s; National Electric, 27s 3d. DUNEDIN Sales Reported.—N.Z. Refrigerating (cont.), 12s 5Jd; Bank of New Zealand, 41s 6d. SYDNEY Quotations on the Sydney Stock Exchange were more animated yesterday and dealings tended to widen a little. Sales.—Selfrldgcs. 21s; Associated News., 15s 6d; Adams, 15s 3d; Dunlops, 22s 6d: Adelaide Steamship, 31s; Kandos, 33s 6d; Bank of New South Wales, £27 10s; Colonial Sugar. £sl ss; Rawang, 4s 6d; \V. R. Carpenter, 35s 6d.

COMPANY NEWS Goldsbrough. Mort Dividend.—The net profit of Goldsbrough, Mort for the year ended Marcli 31, after providing £49,634 for depreciation, is £146,555. The sum of £165,314 was brought forward from last year, making a total of £311,869. An interim dividend of 2 per cent, was paid in December, this requiring £48,000. The directors recommend that a final dividend of 4 per cent., requiring £96,000, be paid, making a total dividend for the year of G per cent. The balance to be carried forward is £167.869. —P.A. Colonial Sugar Company.—The introduction of sugar rationing in New Zealand and Australia during the year resulted in sales during the balance of tlve financial year being less by 38.000 tons than tiiose during the corresponding period last year, said Mr E. R. Knox, moving the adoption of the annual report of ftho Colonial Sugar Refining Company. “However, over the whole year combined sales for New Zealand and Australia were recorded, and just exceeded 500,000 tons.” Mr Knox was re-elected a director.—P.A. Northern Steam.—A sharp advance in net profit. £6067, compared with £3396 last year, is disclosed in the accounts of the Northern Steam Ship Company, Ltd., for the year ended March 31. The result is reached after providing for depreciation. taxation, etc. The directors recommend a dividend of 5 per cent, per annum, taking £5650 (3 per cent. last year), leaving £1626 to be carried forward against £1209 brought in.—(P.S.S.) MINING Slab Hut.—The return for the fortnight ending June 6 was 79 ounces from 18,000 yards in 154 hours. New Zealand Crown Mines.—New Zealand Crown Mines report that on June 23 the directors in London will recommend a dividend of 3J,d a share, less tax 7s 2d in the £, on account of the year ended December, 1942. Grey River.—The Grey River return for tile period ending June 9. was 235 hours, 165.447 cubic yards, and 503J ounces. The return for May was 538 hours, 376.248 cubic yards, and 1189 ounces.