DEALINGS ON ’CHANGE

Dominion, Volume 34, Issue 190, 9 May 1941, Page 3

DEALINGS ON ’CHANGE

Sales In New Zealand YESTERDAY'S BUSINESS Donlin-s in stocks and shares recorded ,n Yew Zealand stock exchanges vestcrdnv were as follows, the niimlier of shares in'each lot being shown in the case of iVelliugtou : — .

General Motors-Holdens

The effect of the war on the Australian nmtor industry is reflected in a fall of ■foso ins jn the profit of General MotorsHoldens, Ltd., for the year ended December 31. from £703,412 to £451,304. In 1937 the company earned a record profit of £1,005,71 3. Ordinary dividend is 20 per cent., requiring £350.000, compared with 4-> per cent, in the previous year, requiring £757.500, and with 55 per cent. 111 - Preference dividend of 6 per cent., absorbing £33.(310, is covered more than 13 times by net profit, which is struck after providing £142.509 for depreciation, and an undisclosed sum for income tax. Lhe sum of £04.502 is carried forward, against £230.350 brought into the accounts. Although the volume of sales in 1940 was less than that of the previous year by only 9$ per cent., the directors state that profil was 36 per cent, lower. 'I hey consider that the result is satisfactory tinder prevailing conditions.

WELLINGTON. Sale price. shares. . £ s. d. £S70 Govt. Stock, 4 p.c., 15/V43-46 103 0 0 *•■100 Ditto. 4 p.c., 15/4/46-49 103 0 0 .£400 'Ditto. 4 p.C., lu/G/u2-00 1(16 5 0 JOII 1)..minion Breweries ... *1 8 0 150 Macduff s, prof 1U0 N.Z. Drug, contr. ...... 2 a 3 ♦Late sale Wednesday AUCKLAND. £ s. d. Auck. Hospital Bd., 4i p.c., 19ol "Union Bank N Z Loan and Merc 104 5 0 6 10 0 20 1 y y Dominion Breweries N ,Z. Breweries 1 10 10 Broken Hill Pty., con. (odd lot) 1 4 3 Dunlop Perdriau N.Z. Drug Co., eon N.Z. Fertilizer, pref N.Z. Newspapers ♦ 116 2 9 3 12 0 19 9 Northern Roller Mills, ord 12 3 Sanford, pref 0 lo 9 CHKISTCHLKCH. £ s. d. Bank of N.Z.. D Mort 1 10 0 Broken Hill Pty., con 14 6 Dunlop Perdriau (2) 116 Northern Roller Mills ♦Late sale Wednesday ♦116 DUNEDIN. £ s. d. Mt. Morgan 0 9 6 N.Z. Breweries 1 10 10 Ditto 111 0 Chan. Begg and Co ♦1 — 0 ♦Late sale Wednesday