FINANCE & COMMERCE

Dominion, Volume 36, Issue 270, 10 August 1943, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE

Yesterday’s Quotations Tlie latest buying and selling quotations recorded yesterday on the Wellington

Keystone Investments — , 0 3 .0 •Carries 21 p.c. Int. from' 1/10/43. c, Cum. dividend, x, Bx dividend. Sales In New Zealand Dealings in stocks and shares recorded, on New Zealand stock exchanges yestftr-1 day were as follows, the number of shares In each lot being shown in the case of Wellington:—

AUCKLAND. Inscr. Stock, 2} p.c., 15/9/47. £9B: Ditto, 3 p.c.,1053-56. £08: Bank of N.Z.. £2/2/-; N.Z." Loan and Mercantile, pref., £B5 10/-; Newton King, pref., £1: Traders’ Finance. 1.2/6: Ditto, con. (2). 5/-: Farmers’ Auct., £4/16/-; National Timber, 7/C; Bonds Hosiery, £l/18/6: N.Z. Breweries, £l/17/-: Reid Rubber (2). CljG/Ii: Ditto, rights, 4/11; Mt. Lyell. £l/10/-. CHRISTCHURCH. ’ South Otago Freezing, £5/19/6: N.Z. Farmers’ Co-op.. A pref.,- £2/18/-": AVestport Coal, £l/5/2; Alloy Steel (N.Z.). £2 fl/-: N.Z. Newspapers, £l/19/-: United Provisions (2). 13/6: Woolworths (Syd.), (2), 17/9: Mt. Morgan. 9/11. DUNEDIN. laser. Stock, 4 p.c., 1949-52, £lO4/12/6; N.Z. Breweries, £l/17/3: Alloy Steel (N.Z.), £2/6/-; Woolworths (N.Z.), 15/10. Reserve Bank Profit The profit and loss account ot the Reserve Bank for the year ended Match 31 last shows that generalcharges. including salaries, cost ot note issue, and other expenses, amounted to £150,201, and that there was a profit on the year's operations of £379,113. The balance brought forward from the previous year was £350.241, which makes a total of £7211.360 in the account. Out of this sum £350,241 is being paid into the Consolidated Fund and the 'balance carried forward. . Mort’s Dock Profit Morl’s Dock and Engineering Company (Sydney) shows a net profit ot £71,151 for the vear ended June 30. compared with £72.993 for 1941-42. Dividend, unchanged at S per cent., requires £52.000, and £20,000 is added to reserves. The carryforward is £26,349. against £27,198 brought forward. Taupiri Coal Mines Profit Dominion Special Service. • AUCKLAND.'August 9. The accounts of the Taupiri Coal Mines, Ltd., for the year ended March 31, show a net profit of £12,755. compared with £9532 last year and £9407 in 1941. The directors report that owing to the delay in securing a settlement with the Government they have decided to submit the accounts on the basis of the amount claiin* ed from the Government, and for a similar reason they had earlier declared s. dividend of 1/3 a share, which is at the. same rate as last year. The dividends on the ordinary and preference shares require £9405, leaving a balance to bo carried forward of .£3350. N.Z. Farmers’ Fertilize!’ Referring to the net profit over the last three years at the annual meeting of the New Zealand Farmers’ Fertilizer Company, Ltd., the chairman, Mr, 8. Irwin Crookes, said In 1941 the net profit was £25,490. or 18.68 per cent, of gross profit, in 1942 it was £20,707, or 13.58 per cent., am! this year it was £16,768, or 13.08 per cent. This year it was Insufficient to pay the same dividend as last year, and the directors recommended that for that purpose £929 be taken from undistributed profits (£32 175) ' Analyzing the- balance-sheet figures, the chairman said the fact that liquid assets exceeded current liabilities 'by £02,000 emphasized the sound financial position.. A subscription of £lO.OOO in the Third Liberty Loan was made after the end of the financial vear. bringing total contributions to war loans to £34,900. In view of wartime difficulties stocks were reasonably satisfactory. The credit balance ot £34,000 was-a gratifying contrast with last year, when the overdraft was £vS.o4«>. K.D.V. Boxes “Not only has the very big turnover last year been maintained, but it has been exceeded by £4193.” said Mt 1 • H. Forgusson. chairman of directors, at the-an-niial meeting of K.D.V. Boxes. Ltd. atlon once again consumes a large proportion ot the profit, £10,—5 having been set aside for this purpose. However, in the directors’ opinion, tlie finances are m such a buoyant stale as to warrant maintenance of the dividend of 7 per cent, for the vear.” The accounts were adopted, ana the retiring director, Mr. E. Anderson, was re-elected. Gold Mining The Ngahere return for the four weeks ended August 6 was 14550 z. for 4i- hours from 249.397 yards. The following Information has be«h cabled to the London office of the Martha Gold (Mining Company (Walhl): For the period ended July 24, 13.903 ore were crushed for a result ol 3409 tint ounces gold and 20.776 fine ounces silver. The crushing limo was 20 days. Associated Gold Dredges return lasj. week was 1660 z. for 290 hours from Go,ooo Gillespie's Beach' return was 21oz. for 131 hours from 13,440 yards.

Stock Exchange were as follows: Buyers. £ s. d. Sellers. £ s. a. 21 p.e., 15/9/47 — 98 5 0 0 0 — 3 p.e., 15/9/52-55 98 0 0 —— ;;t p.e., 15/1/50-59 .... 99 10 0 —— Ki p.e., 15/9/57-110 .... loe 10 0 4 p.e., 15/2/43-40 .... 101 15 0 ’ —— “War Loan, 1/10/53 - ■ 91 S 0 Liberty Bonds. 15/9/49 0 19 0 — Bank A/usia 0 «) 19 V E.S. and A. Bank ... 8 0 Bank New Zealand .. —• m •• 6 Ditto, D. Mort —. 1 12 0 Union Bank •. . ‘ 12 G —«, Nat. Bank A/usia., £5 5 12 () — G'oldsbfough Mori ... , 1 9 0 Newton King, pret. . 0 ih U — N.Z. Guarantee • 0 .> 4 —— Loan and Mere. 35 0 0 •MM W.F.C.A., pref U G y •— Wgtn. luv. T. & A. .. 9 7 t) —- Wgtn. T. and Loan .. 3 7 0 —M Auckland Go's —. 0 7 0 Wgtn. Gas, ord 1 11 0 Ditto, pref 1 o 0 ' — New Zealand Ins. ... x4 1 4 — Queensland lus l.S u —• South British Ins. .. — 3 13 0 Standard Ins 3 12 G —— Canterbury Meat 13 ‘10 0 ——. Gear Meat <1 . 1 11 — N.Z. Refrig., 10/- .... — 0 12 •1 Wgtn. Meat Exp 0 10 0 0 15 0 Huddart Parker 2 15 0 ■ — Union Steam, pref. ... — 1 11 6 Westport Coal 1 4 9 . — Cascade Westport Coal — • 4) S J Bruce Woollen, ord. 1 10 3 Ditto, pref — 1 7 3 Felt and Textiles .... 2 8 0 Oatnaru Woollen .... 1 4 9 Prestige, pref 1 4 0 —— Umaru Woollen ■ 1 0 9 Wgtn. Woollen xS 5 0 —M Kotoili Timber 0 5 11 MM Kauri Timber 1 4 9 M— N.Z. Breweries ~M 1 18 0 Dominion Breweries . —. 1 IS 6 Tooheye. Ltd 1 . 9 9 ■ —— Broken Hiil 2 4 0 2 o 5 Burns, Philp 2 1(1 0 Colonial Sugar 57 u t) __ Consol. Brick O 9 "3 Cox Bros.. 0 (1 .1 — Claude Neon (.N.Z.) 1 4 lU D.I.C., ord 0 17 ti —■ Ditto, pref. < 41 — Gen. Industries 1 1 0 M— G. J. Coles x2 IS 0 — Grillin & Sous. £1 ... 1 0 u MM Ditto, 10/- <• 10 II Hume Pipe s 0 14 9 I.C.I., pref 1 0 —— «T. J. Niven cO 15 11 — . Macduffs, ord 0 10 9 - Ditto, pref 1 3 3 — .- McKenzies o 7 G Macky Lognn ......... 1 9 6 \ —: .Metters (N.Z.) 0 1G ;l —MMorris, Ilcdstroni ... 1 8 0 - MM . M.K. .Manufacturers .. 0 7 l Nat. Electric ' •« w —M N.Z. Farm. Fort xO 19 0 MM. Sliarland & Co:. ord. 1 * . — Selfridges (A/asia.) .. 1 . ■ - 0 — Forest Products pret :t J 1! ( —- Taranaki Oil .. ... 0 4 I Reid Rubber, rights . • 0 4 11 O 5 o Ditto, ex rights .... 1 7 6 IVllson’s Cement .... — . 0 197 Woolworths. Ltd. ... 0 17 3 — Woolworths (N.Z.) ... 0 15 —- Ditto, Ltd. 2nd pref, xl s41 Ngabere 0 8 G Arahura, def. 1 1 0 —M -Mt. Lyell 1 3 3 —M North Broken Hill .. 2 6 0 —M" ’Woolworths Hold. (S. Africa) . ........ 1 0 0 mm UNOFFICIAL LIST. Inv. Fixed' Securities 0 G 0 Frozen Products .... 010 c 0 12 6 Phoenix Aer. "Water —■ 0 18 « N.Z. Farm. Co-op. DiSt. £5, £3/10/. pd. .. 2 .10 0 ■ • ■ —. .Ditto, 14/-'fully Pd. 0 10 0 —

WELLINGTON. -X o. of Sale price. Ehares. £ a. d. £100Q Tnscr. -Stock. 3 per cent.. '1032-55 OS .5 0 £2000 Ditto, 3J per cent., 195760 *1100 15 0 150 iBank of *N.Z. (2) 2 2 0 200 Bond’s (Hosiery ’Mills ... 1 18 R 100 'Broken Hill Pty , »2 4 9 ■Unofficial list:— 500 -Frozen Froducts . 0 11 0 1S5 Rifbber Distributors ... . .*1 5 0 •Late sale Friday.