Finance And Commerce STOCK EXCHANGE

Dominion, Volume 36, Issue 307, 22 September 1943, Page 10

Finance And Commerce STOCK EXCHANGE

Sales In New Zealand Dealings in stocks aud snares recorded on New Zealand’s Stock Exchanges yesterday were as follows, the number of shares in each lot being shown in the case of Wellington:— WELLINGTON

AUCKLAND. First Liberty Loan, 3 per cent., 15/9/5255, £97/12/6; War Loan, 3 per cent., 1/8/31-54, £9B (2); Inscr. Stock, 4 per cent., 15/2/43-46, £lOl/2/6; Bank N.Z.. £2 1/10; ditto, D mortgage, £l/12/-; Commercial Bank, ,16/6; Com. Bank Sydney, £2l; E.S. and A. Bank, £3/19/6; JLZ. Insurance, £4/5/-; Farmers’ Auctioneering, £4/16/-; Auckland Gas (odd lot), 7/-; Taupo Totara, 7/4; N.Z. Refrigerating, £l. 6/-: Canterbury Frozen Meat, £l4/17/6; Broken Hill Pty., £2/5/-; McKenzies, £2 7/6; Newton King, pref, (cum dividend), £l/0/6; Consolidated Brick. 9/4: Aluminium Utensils (pref.), £l. CHRISTCHURCH. laser. Stock, 3 per cent., December 195356, £9B (2); Standard Insurance. £3/14/6; Canterbury Frozen Meat, £l4/17/6; Christchurch Gas, £l/4/9 (2): Broken Hill Proprietary. £2/5/-. DUNEDIN. National Insurance, £l/3/10; Colonial Sugar, £5B; N.Z. Refrig, (cont.), 12/4; National Insurance, £l/3/10. Dairy Company Extension (By Telegraph.—Press Association.) WIIANGAREI, September 21. An extraordinary general meeting of the Kaitnia Dairy Company yesterday decided by 84 votes to '5B to acquire the business of George Rickard and operate it as a branch of the company's activities, thus generally extending the trading operations of the company. Gold Mining Austral. New Zealand Mining reports from Cromwell that the dredge during 250 hours’ operation produced 338 ounces of bullion. The return from the Slab Hut Creek dredge for the week ended September IS was GSoz. from 16,284 yards in 111 hours. The Ngahcre return for the fortnight ended September 17. was 281 ounces for 103 hours from 101.477 yards. Associated Gold Dredges return last week was 2GG> ounces for 370 hours from 93.700 yards. Gillespie’s Beach dredge returned 17oz. 1-ldwt. for 129 hours from 14,368 ya ’’us. 1.C.1. Dividend Imperial Chemical Industries (N.Z.) Limited has received a cablegram from London advising that the board of Imperial Chemical Industries Limited has declared an interim dividend of 3 per cent, on ordinary stock, payable on December 1. Australian Company Profits Hume Pipe (Australia) and its subsidiaries made a profit of £25,004 for the year ending June 30. compared with £22,375 in the previous year. The ordinary dividend is 4 per cent, (raised from 24 per cent.), and the preference dividend 74 per cent* W. It. Carpenter and Company (Sydney), shows a net prolit of £65,076 for the year ended June 30. This compares with £66.280 for 1911-42. which had fallen Heavily on the 1910-41 figure. Dividend is steady at 5 per cent. Net profit of £224.498 shown by Nestle and Anglo-Swiss Condensed .Milk Company (Australasia). Limited, for the year ended Juno 24 compared with £223,036 for 194142. Ordinary dividend remains at 12 per cent., and preference dividend is S per cent. Goldfields Of N.Z., Ltd. Operating results of the dredges evened by Goldfields of New Zealand for tli'J year elided March 31. with firn previous vour’s figures in parentheses, are:— ' A rah lira.—Profit.. £105.260 (£85.752); depletion and depreciation. £1O.()()G (£W.0(10): renewal reserve. £lO.OOO (£10.000): fax provision. Cl 7.500 ( £15.50<i): dividend a share. 4/- (3/6): amount, £60.000 .£52.500); forward. £23.601 (£21.353): cubic yards. 3.186.000 (2.416.000). smelted gold. 07... 18.871 (16.122»: per cubic yard. 2.51 (2.26» : cost cubic card. 3.01 d (I.Sd.i Barrytown.-- I’rmil. £17,1113 < £l2 192): iloph'tioii and depreciation. V20.1U10 • 000): forward. £16.512 (t-7OI>: ruble yards. •J.J'JG.ooil <2. 1-'-"..000) : smelled sold ox., i"J2B ((Io8li): per eubie ysint. 1.4* (1.39): cost cubic yard. 3.6-7 d (LIO-L). Kanlcrl.—T’rolit. C51.i;25 (£20.6671; renewal reserve: — (£75011): tax provision, £13.500 (£3200): dividend n share. 3’-(1/-1: amount £45.000 (£l5 000): f->”irnr>l. ."S-ji’,s (£3232): i-iibi.* yards. 2.s2!).ii''.i> (?.- 168.000): smelled gold oz.. 13,101 (0913): per enbie vard, 2.9*2 (2 37): '-nst euld" sard. 3.43 d. rc,.5.7d.).

No. of Sale price shares * s. Cl. SOO Inscr. Stock, 3$ per cent., 1953-aT V 1O2 10 0 0 150 McKenzie's Dept. Stores *2 7 6 (U» Broken Hill I’tV *2 l) 1000 lose. Stock, 2i per cent., 1947 97 . 1 0 500 ditto, 3 p.c., 1052-55 07 15 0 200 ditto, 31 p.c., 1053-57 .... 102 10 0 4500 ditto, 4 p.c., 1943-4G 101 0 0 50 McKenzie's Dept. Stores .. 2 7 0 0 0 *Late sale Monday.