COMMERCIAL

Press, Volume LXXX, Issue 24270, 30 May 1944, Page 6

COMMERCIAL

STOCK EXCHANGES BUSINESS BELOW AVERAGE Markets were quiet yesterday on the Christchurch Stock Exchange, and the volume of business, which was restricted to a few stocks, was below the recent daily average. Business included:— Sale on ’Change.—listed stocks: 100 G. J. Coles, 66s 3d. Sales Reported.—Listed stocks: £IO4O 4 per cent. Bonds, 1946-49 (late sale Friday). £lO2 10s; 200 National Mortgage “B” (cum div.), 375; 100 British Tobacco, 51s 6d (2); 100 Mount Lyell (ex div.), 33s 6d. Sales Reported.—Unlisted stocks: 500 Harley Chambers, Ltd. (late sale Friday), 12s 6d. Quotations N.Z. Govt. Debentures: 3 per cent. Ins., 1953-58, December, b. £99 17s 6d, s. £100; 3J per cent. Ins., 1953-57, b. £lO3 ss; 4 per cent. Ins., 1948, b. £lo4 15s. Banks: Comm, of Ausi, s. 19s; Nat. .of New Zealand, b. £2 14s 6d; New South Wales, b. £36 12s 6d. Insurance: South British, b. £3 19s. Loan and Agency: Christchurch Building, b. £2O 7s 6d,-s. £2l; Natl. Mertgage “A” (cum div.), b. £3 4s. Natl. Mortgage "B" (cum div.). b. 17s; N.Z. Guarantee Corpn., b. 2d, s. 4s sd. Shipping: P. and O. Deferred Stock, b. £2 2s 6d. Frozen Meat: Gear, b. £1 5s 9d, s. £1 7s 3d; N.Z. Refng. (£1 paid), b. £1 Bs. Woollens: Bonds Hosiery, b. £2 Is 6d; Kaiapoi (7s paid), s. 10s. Coal: Westport-Stockton, b. 3s 2d. Gas: Christchurch, b. £1 6s. Breweries: New Zealand (cum div.), b. £2 3s 10d, s. £2 ss. Miscellaneous: Aust. Con. Industries (ex div.), s. £2 15s 9d; Beath and Co„ s. £1 9s lOd;-Beath and Co. (pref.), b. £1 ss; Beath and Co. (Is paid), b. 4s 6d, s. ss; British Tobacco, b. £2 11s, s. £2 12s; ''Broken Hill Pty., b. £2 4s 6d, s. £2 4s 7d; Crystal Ice. b. £2 4s; Con. Brick, s. 11s; Dominion Rubber, b. Bs. D.I.C. (10s paid), s. £1 Is: Dunlop Rubber, b. £1 ss; Gordon and Gotch, b. 17s 6d; Henry Jones Co-op., b.£Z i4s; 1.C.1. Aust. and N.Z. (pref.), s. £1 8s 3d, K.D.V. Boxes, b. 13s, s. 13s 6d; M.K. Manufacturers, b. 7s 4d, s. 7s 8d; Morris, Hedstrom, b. £2 3s, s. £2 ss; Macduffs, b. 16s, s. 18s 3d; McKenzies, Ltd. (cum div.), b. £2 18s 6d; N.Z. Farm. Co-op. ("B” pref.), b. £3 8s 6d; Radio (1936), b. I7s s. £1; Taranaki Oilfields, b. 2s, s. 2s lOd; Woolworths (Sydney) (ord.), b. 19s 7d. Aust. Mining: Mount Lyell (ex div.), b. £1 13s 4d, s. £1 14s. N.Z. Mining: Gillespie’s Beach, b. 4d, s. sd; W River, s. 13s sd; Kanieri, b. £1 3s 9d. AUCKLAND Sales.—'Third Liberty Loan. 15/6/47-49, 21 per cent,, £99; Third' Liberty Loan, 15/12/53-56, 3 per cent. (4), „£ n 10 ? l Loan 1/8/48, 24 per cent., £99 12s Bd, Bank of New Zealand, 44s sd, 44s 4d, Bank of New South Wales, £37; N'.Z. Insurance (2). 89s;, Traders’ Finance (con.), 7s; Auckland Gas (con.) (2), 3s 2d, Northern Steam, 10s 9d; Northern Steam odd lot), 10s 9d; National Timber, 7s; Westport Stockton, 3s 4d; Dominion Breweries, (2). 455; A.C.1., 56s 3d; British Tobacco, 51s 6d; Colonial Sugar, £SB 12s 6d (2); Hadfields Steel, 13s 6d; K.D.V. Boxes, 13s, 2d; N.Z. Refrigerating (con.), 136 Bd, Reid Rubber. 31s 6d; Sanford. 8s; Sanford (pref.), 23s 3d; Woolworths (N.Z.), 18s 9d; Arahura, 31s. nrm f TWflTflV Sales—Late Friday: Ins. Stock, 15/1/5357, 31 per cent., £104; Commercial Bank, 18s lid; N.Z. Insurance, 89s; South British Ins., 79s 6d; Roto-itl, 8s 6d; N.Z. Breweries, 435; Woolworths (N.Z.), 18s Bd, 18s 9d; Broken Hill, 44s 6d. Sales yesterday; Colonial Sugar (2), £SB 12s 6d; N.Z. Breweries (2), 435; Ins. Stock, 15/6/47-49. 24 per cent., £99; Bank of New Zealand (2). 44s 4d: J. J. Niven. 20s 4d; G. J. Coles, 66s 6d; McKenzies, 60s; Woolworths (N.Z.). IBs 9d; Reid Rubber, 31s 6d. Unlisted: Whakatane Paper Mills, Bs. DUNEDIN Sales Reported.—Bank of New Zealand (2), 44s 3d, 44s 4d; Inscribed Stock, 1946, 24 per cent.. £99 10s; Ins. Stock, 194749, 2J per cent., £99. £9B 17s 6d; Woolworths (N.Z.), 18s Bd, 18s 9d; Westport Coal (ex div.), 255. COMPANY NEWS THE PERPETUAL TRUSTEES The sixtieth annual report of the Perpetual Trustees Estate and Agency Company of New Zealand, Ltd., states that the net profit for the year, after providing for depreciation, amounted to £6312 17s 3d; to which had to be added last year’s carry forward of £4777 17s; making a total of £11,090 14s 3d; out of which had been paid: land, and income tax, £2326 16s 6d; national and social security charges, £640 19s 3d; interim dividend of 9d a share for six months ended September 30, 1943, £937 10s; subsidy to the staff benefit fund and donations to patriotic funds, £698 15s sd; a total of £4604 Is 2d, leaving available for distribution, £6488 13s Id. The directors recommended that the amount be dealt with as follows: —to payment of a dividend of 9d a share for six months ended March 31, 1944, £937 10s; to staff benefit fund contribution. £500; to carry forward to next year (subject to Income tajc and national and social security charges for year just ended), £5049 3s Id. Dominion Fertiliser Company.—The balance brought forward from the profit and loss appropriation account of the Dominion Fertiliser Company, Ltd., last year was £3291, and the net profit for the year ended on March 31 was £7440. The directors recommend the payment of a dividend of 3 per cent., which will absorb £7217, and leave £3515 to be carried forward to next year’s accounts.—(P.A.) Woolworths Properties.—Woolworths Properties, Ltd., has declared a dividend for the half-year ending June 30, at the rate of 6 per cent, per annum on preferred and ordinary shares,, based on shareholdings as at June 30, payable on July 15.—( P.A.) MINING BLACKWATER MINES The review of development work carried out at Blackwater mines for the four weeks ending May 19 was as follows:—No. 11 level drive north advanced 31 feet on reef averaging 13.92dwts, over a width of 26in. No. 15 level drive south advanced 36 feet, of which 18 feet were on reef averaging 3.Bsdwt over a width of 27in. No. 15 level intermediate drive from rise 1875 N. was advanced 4(fcfeet on reef averaging 14.92dwt over a width of 27in. Slab Hut.—The return for the week ended May 27, was 250z from 18,000 yards in 89 hours. Associated Gold Dredges (N.Z.), Ltd.— For the week ended May 27, the company’s dredges recovered 1404 ounces from 62,375 yards in 301 dredging hours. Clutha River.—The Clutha River dredge return is 84 ounces for 93 hours.—(P.A.)