COMMERCIAL

Press, Volume LXXX, Issue 24261, 19 May 1944, Page 6

COMMERCIAL

STOCK EXCHANGE MARKETS FIRM AND ACTIVE Markets continued firm and active on the Christchurch Stock Exchange yesterday, and business was well spread. The following business was reported;— Sales on ’Change.—Listed stocks: £3OO N.Z. Govt. 2J p.c. War Loan, 1/10/53, £95 ss; 5 Colonial Sugar, £SB 12s 6d; 100 Woolworths (Syd.) (ord.), 19s 9d. Sales Reported.—Listed stocks: 15 Bank of Australasia, £9 12s 6d; 10 Comm. Bank of Sydney, £22 10s; £2OO N.Z. Loan and Mercantile (ord. stock), £7l; 150 Claude Neon (N.Z.), 26s IJd; 100 Broken Hill Pty., 44s 6d; 15 Colonial Sugar,- £SB 12s 6d (2); 50 N.Z. Farmers’ Co-op. (Ist pref.), £5 12s 6d; £IOO National Savings Bonds, 22/6/48, 20s Id; £3OO N.Z, Farmers’ Co-op. (4i p.c. Stock. 26/5/49). £lOl 10s. Sale Reported.—Unlisted stocks: 200 Fletcher Holdings (ord.), 25s 3d. LATEST QUOTATIONS N.Z. Govt. Debentures: 3 p.c. Inscr.. May, 1953-56. b. £9B 10s, s. £99 2s 6d; 3 p.c. Inscr., Dec., 1053-56, b, £99 15s, s. £99 17s 6d; 4 p.c. Inscr., 1946-49, b. £lO2 7s 6d; 4 p.c. Bonds, 1946-49, b. £lO2 10s. Banks: Adelaide, b, £5 12s 6d; Australasia, b. £9 12s: Comm, of Aust. (pref.),. b. £lO 15s, s. £ll 15s; Union of Aust., b. £8 9s 6d. Loan and Agency: Elder Smith, s. £9 15s; Dalgety and Co., b. £8 10s; Goldsbrough, Mort, b. £1 10s 9d, s. £1 12s; Mutual Benefit, b. £l6 ss. Shipping: Huddart-Parker, b. £3 4s; Huddart-Par-ker (pref.), b. £1 10s 3d. Frozen Meat: Canterbury (pref.), b. £9 ss: Gear, b. £1 5s 9d, s. £1 7s. Woollens: Bruce (pref.), b. £1 7s: Kaiapoi (pref.). b. £1 5s 9d. Gas: Feilding. b. Is 9d; Wellington (pref.), b. £1 5s 9d. Breweries: Melbourne Coop., b'. £2 16s 3d. Miscellaneous: Aust. Consolld, Industries (cum div.), b. £2 15s 6d, s. £2 17s; Beath and Co., b. £1 9s 9d, s, £1 10s 3d; Beath and Co. (Is paid), b. 4s 9d; Broomflelds, s. £1; Claude Neon (N.Z.), b. £1 6s, s. £1 6s 3d; Colonial Sugar, b. £SB 10s, s. £SB 12s 6d; Dominion Rubber, b. 8s; Donaghy Rope (cum div.), b. £3 ss, s. £3 10s; Electro. Zinc (pref.), b. £2 18s 3d, s. £2 19s 3d: G. J. Coles, s. £3 7s; Macky Logan, b. £1 14s; K.D.V. Boxes, b. 12s 6d; Macduffs, b. 16s; Macduffs (pref.), b. £1 5s 6d; National Electric, b. £1 13s 4d, s. £1 15s; N.Z. Drug Co., b; £4 16s 6d; N.Z. Drug Co. (£1 paid), b, £2 IBs; N.Z. Farmers’ Co-op. (£2 10s paid), b. £1 10s; Reid (N.Z.) Rubber, b. £1 11s 9d, s. £1 12s; Tingey, R. and E. (pref.), b. £1 8s 3d; United Provisions, b. 13s 6d, s. 14s 3d: Woolworths (Syd.) (ord.), b. 19s sd, s. 19s 9d; Washington, Soul, Pattison, b. £3 15s. Overseas Listings: Woolworths (South Africa), b. £1 8s 6d. Aust. Mining: Mt. Lyell, s. £1 14s; Mount Morgan (ord.), b. 8s Id, s. 8s 6d. AUCKLAND Sales.—First Liberty Loan, 15/9/47. 21 p.c., £9B 17s 6d; Third Liberty Loan, 15/6/47-49. 21 p.c., £9B 17s 6d; Third Liberty Loan, 15/12/53-56, 3 p.c., £IOO 2s 6d; War Loan. 1/8/46, 21 p.c., £99 10s; Inscr. . Stock, 15/4/46-49, 4 p.c., £lO2 7s 6d; Inscr. Stock, 31/5/54-58, 4 p.c.-, £IOB 10s; I Bank of N.Z,, 44s 2d: Bank of A’asia., £9 12s 6d; Commercial Banking of Sydney. £22 10s; National Insurance, 24s 6d; South British. 78s 9d; Broken Hill Pty., 44s sd; I Colonial Sugar. £SB 12s 6d: D.1.C., 20s 6d; i Consolidated Brick, 10s 8d (2); Macky Logan, 355; Morris Hedstrom, 42s 6d; I Waihi Investments, 5s 4d; Woolworths (N.Z.), 18s 6d; Liberty Bonds, 15/9/49, 20s Ud; Arahura. 31s. Unofficial list: Fletcher Holdings, 25s 3d, WELLINGTON Sales.—Bank of New Zealand, 44s Id; N.Z. Farmers' Fertiliser, 24s lOd; J. J. : Niven, 20s; Morris Hedstrom, 42s 9d; , Woolworths (N.Z.), 18s 6d. | DUNEDIN Sales Reported.—lnscr. Stock. 1954-58, 4 i p.c., £IOB 10s; N.Z. Paper Mills, 40s 3d. COMPANY NEWS A.C.l.—The directors of Australian Consolidated Industries have decided to declare dividends as follows:—4J per cent, on preference shares for the half-year, and 3i per cent, on ordinary shares.— (P.A.) N.Z. Paper Mills Accounts.—The accounts of N.Z. Paper Mills (Dunedin), for the year ended March 31 show a net profit of £14,437, compared with £14,780 in the previous year, and £16.689 in 1942. There is £31,945 available. The directors, as previously announced, propose a final dividend of .4 peri cent., making 7 per cent, for the year (unchanged), requiring £BOOO, leaving £23,945 to be carried forward, against £23,508 brought in. The report states that ample supplies of wood pulp came to hand and the position regarding this raw material is now assured for some time to come. Turnover was fully maintained. The balance-sheet includes in the assets an item "estimated stock of lend-lease pulp, £199.000,” which is balanced by a contra on the liabilities side of a similar amount. Selfridges (N.Z.), Dividend.—Selfridges (N.Z.), Ltd,, for the year ended January 31, show a net profit of £3833, against a loss .of £1867 last year. Taxation provision is £11,546, compared with £10,710 last year. The directors propose a dividend of IJ per cent., the first for some years, absorbing £2375. leaving a credit balance of £2O to be carried forward, against a debit balance of £1438 brought in. Bank of Australasia.—Although gross earnings of the Bank of Australasia for the year ended October 11 fell by £46,015 at £1,487.022. a larger fall In expenses enabled an increase of £26.587 in net profit to be shown. Expenses decreased by £72.602 at £1,271,864. Charges in Australia and New Zealand were £649,481, against £714.572 for 1941-42. Net profit, as reported by cable in February, is £215,157. This Is £20,907 more than the amount of £194,250 required for the unchanged dividend of 6 per cent, less U.K. income tax, and the carry-forward is increased to £233,265. General Industries, Ltd.—The trading subsidiaries of General-Industries, Ltd. — Metiers, Ltd., and Metters. KFB Pty., Ltd. —show a profit of £87,555 for the year to December 31, compared with £97.989 for 1943. Of the profit the parent company

receives £84,926 as dividend. With its own profit at £933. its total profit for the year to February 29 is £85,859. against £86,384 for 1942. Ordinary dividend, steady at 10 per cent., requires £63,717, and preference dividend of 7 per cent.