COMMERCIAL

Press, Volume LXXXII, Issue 24955, 16 August 1946, Page 10

COMMERCIAL

STOCK EXCHANGES MODERATE TURNOVER There was a moderate turnover on the Christchurch Stock Exchange yesterday and markets generally were firm at late rates. Transactions were as follows. — Sales on ’Change.—Listed Stocks: 25 Comm. Bank of Sydney (ex div.), £24 9s; 10 Commercial Bank of Sydney (ex div.), £24 9s; £lOO N.Z. Farmers Coop. (4J per cent. Stock, 1955), £101; £lOO N.Z. Farmers' Co-op. (41 per cent. Stock, 1955), £101; 134 M.K. Manufacturers, 9s 9d Sales Reported.—Listed Stocks: 50 National Bank of New Zealand. 635; 550 N.Z. Refrigerating (10s paid), 17s 7d; 100 Kaiapoi Woollens (con., fully paid), 27s 6d; 100 Ballins Breweries, 325; 350 New Zealand Breweries, 57s 9d; 500 Consolidated Brick (late sale on Wednesday), 11s 9d; 200 Consolidated Brick. Ils 9d; 600 M.K. Manufacturers, 10s; 500 Ngahere (late sale on Wednesday). 11s 9d.

Latest Quotations N.Z. Govt.: 2J per cent. Ins., 15/6/47-49, b. £99 17s 6d; 3 per cent. Ins., 1/8/51-54, b. £lOO ss; 3 per cent. Ins., 15/5/53-56, b. £lOO 10s; 3 per cent. Ins., 15/9/57-60, b. £lO3 2s 6d. Banks: Australasia, b. £lO 17s 6d; Comm, of Sydney, E.D., b. £24 9s. Insurance: National, b. £1 8s 9d; C.F.C.A., ord., b. £1 7s 3d; Goldsbrough, Mort. b. £1 13s lOd, s. £1 14s 3d; Mutual Benefit, b. £2O 10s; National Mortgage "A,” b. £4 ss, National Mortgage “B,” b. £2 5s 6d; N.Z. Farmers’ Coop. (41 per cent. Stock, 1950). b. £lOO 2s 6d; N.Z. Farmers’ Co-op. (41 per cent. Stock, 1955), b. £lOO 7s 6d; N.Z. Guarantee Corpn., b. 4s lid, s. 5s 4d. Frozen Meat: N.Z. Refrigerating (10s pd.), s. 17s 7d; South Otago, b. £7. Woollens: Bonds, b. £2 19s; Manawatu, b. £2 14s. s. £2-16s; Mosgiel, b. £l5, s. £l7; Timaru. s. £1 7s 6d. Breweries: Ballins, s. £1 12s; Dominion, b. £3 8s 6d; New Zealand, s. £2 18s; Queensland, b. £1 13s. Miscellaneous: Booth, Macdonald (pref.), b. Us 6d. s. 12s; British Tobacco, b. £2 17s 6d; Burns, Philp, b. £3 18s, s. £4 Is 6d; Canterbury Roller Flour, b. 15s 6d; Consolidated Brick, b. Us 6d, s. Us 9d; Electro. Zinc (pref.), b. £3 10s; Frozen Products, b. £1 4s 9d; G. J. Coles, b. £4 10s, s. £4 10s 6d; Kauri Timber, s. £1 13s 6d; Metters (N.Z.), b. £1 11s; M.K. Manufacturers, b. 9s Ud, s. 10s 2d; Macduffs, b. £1 5s 6d; Macduffs (pref., cum div.), s. £1 9s 6d; N.ZF. Fertiliser, b. £1 8s; N.Z. Paper Mills, b. £2 3s; Reid Rubber, b. £1 12s 3d; William Cable, s. £2 5s 6d; Wilson’s Cement, s. 19s 9d; Woolworths (ord.), b. £1 8s 7d, s. £1 9s 3d; Woolworths (N.Z.), ord., b. £1 8s 6d, s. £1 8s 9d; Woolworths Properties, b. £1 13s 6d. Australian Mining: Broken Hill South, b. £1 17s 9d, s. £1 19s; Mount Morgan, b. 8s 6d; North Broken Hill. b. £3 Us; Rawang Tin, b. Us, s. 12s 6d. Mining: Ngahere, b. Us Bd, s. 12s; Waihi, b. 7s 9d, s. 8s 6d. AUCKLAND Sales.—lnscr. Stock. 15/2/49-50, 2J p.c. cum int. (£750), £100; Inscr. Stock, 15/5/53-56, 3 p.c. (£300), £lOO 7s 6d; Inscr. Stock, 15/2/55-58, 3 p.c. ex int. (£480), £99 10s; Inscr. Stock, 15/1/57-60, 3 p.s. (£530), £lOO ss; Amal. Brick (A), 1/2/54-59, 5 p.c. (£200), £106; South British (300), 90s 6d; F.A.C., £1 (200), 225; Goldsbrough, Mort (100), 33s 9d; Auckland Gas <200), 7s 9d; Auckland Gas (con.) (1458), 3s; Northern Steam (200), 12s lOd; Northern Steam (con.) (200), 3s lOd; N.Z. Breweries (300), 57s 9d; A.C.I. (400), 61s 6d; British Tobacco (100), 58s 6d; By croft (100), 625; Colonial Sugar (5), £6l ss; Fletcher Holdings (300), 38s 6d; M.K. Mfrs. (600), 10s; Peters Ice (N.Z.) (100), 32s 3d; Reid Rubber (150), 32s 6d; Robert Reid (500), 255; Sandford (ord.) (100), 12s; Taranaki Oilfields (200), 3s; Waihi Invest. (200), 7s Ud; North Broken Hill .(200), 735; Hellabys (ord.) (200), 55s (unlisted). WELLINGTON Sales.— Late Wednesday: Macduffs. Ltd. (ord.) (200), 25s 6d; Waihi Investments (200), 7s Ud; R. and W. Hellaby (200), 55s (unlisted). Yesterday: Inscr. Stock, 1/10/53, 2J p.c. (£340), £9B 2s 6d; Inscr. Stock, 15/5/53-56, 3 p.c. (£250), £lOO 7s 6d; Inscr. Stock, 15/4/56-59, 3 p.c. (£500), £lOO 12s 6d; Inscr. Stock, 15/11/57-60, 3 p.c. (£200), £lOO ss; Inscr. Stock, 15/12/53-56, 3 p.c. (£200), £lOO ss; Wellington Gas (ord.) (100), 365; N.Z. Insurance (50), £5 ss; Taranaki Oilfields (200), 3s; Wm. Cable (ex div.) (100), 45s 3d; Consolidated Brick (200), Us 9d; Inscr. Stock, 15/12/53-56. 3 p.c. (£325), £lOO ss; Inscr. Stock, 15/9/45, 21 p.c. (£270), £lOO 12s 6d; Inscr. Stock, 15/6/47-49, 2J p.c. (£500), £99 15s; Inscr. Stock, 15/2/49-50, 2J p.c. (£500). £9B 15s; Inscr. Stock, 1/8/51-54, 3 p.c. (£250), £99 15s. DUNEDIN Sales Reported.— lnscr. Stock, 1949, 2J p.c. (£500), £100; Inscr. Stock, 1950-51 (£350), 2J p.c.. £99 2s 6d; Inscr. Stock, Dec., 1953-56, 3 p.C. (£800), £lOO 2s 6d; Commercial Bank (ord.) (250), 22s sd; Ballins Breweries (100), 325; Broken Hill Pty. (100), 50s 3d; Inscr. Stock, 1952-55 (£1000), 3 p.c., £lOl 2s 6d; Inscr. Stock, 1956-59, 3 p.c. (£300). £lOO 10s; Southern Cross Assurance (100), Is lOd. COMPANY NEWS Huddart-Parker.— Huddart-Parker, Ltd., has declared an interim dividend of 3 per cent, on preference shares and 5 per cent, on ordinary shares, payable on September 19.—(P.A.) Wellington Investment.— The net profit of the Wellington Investment Trustee and Agency Company, Ltd., for the year ended June 30, was £2405, after providing £3500 for taxation. In 1945 the net profit, after providing £3730 for taxation, was £2213. After payment of the interim dividend there is a balance available, including £7Bl brought forward, of £2257, which the directors recommend should be dealt with as follows:—final dividend of 2J per cent., making 4 per cent, for the year against 3J per cent, in 1945, £1550, leaving a carry forward of £707.—(P.5.5.) Victoria Laundry.—A profit of £1423 17s 7d after providing for depreciation and taxation, compared with a loss of £2 the previous year, is shown in the annual report and balance-sheet of the Victoria Laundry Company, Ltd. With a carry forward from the previous year of £3lOB there is a total credit in the profit and loss Account of £4531. The directors state that as it has not been possible to carry out certain repairs and maintenance during the war years, further provision of £lOOO has been made to meet this deferred expenditure. The available profit after this provision amounts to £3531. The directors recommend payment of a dividend at the rate of 3 per cent., compared with 2 per cent, the previous year, which will absorb £1420. The balance of £2lll will be carried forward.—(P.S.S.)

MINING Grey River.—For the fortnight ended August 14, the return was 562.1 ounces in 255 hours from 201,380 yards. The July totals were 946.35 ounces in 580 hours from 469,765 yards.—(P.A.)