FINANCE & COMMERCE

Dominion, Volume 37, Issue 3, 29 September 1943, Page 6

FINANCE & COMMERCE

WELLING! ON EXCHANGE Yesterday’s Quotations

Tbc latest buying and seHlbg quotetions recorded yesterday on the Wellington Stock Exchange were ll sf° llo "’ s:— Buyers. selleis. £s. d. Es. d.

Dealings in stocks and shares recorded on New Zealand’s Stock Exchanges yesterday were us follows, the number of share’s in each lot being shown tn the case of Wellington WELLINGTON.

“Late sale Friday. j'.; Auckland. Inscr.' stock 1053/57, 3J per cent. £lO2 15/-, Auckland'eity 1948, 34 per cent., £lOO 10/-, N.Z. Insurance 85/-. ; N.Z. Refrigerating (eon.) 12/5. Consolidated Brick 9/6, 9/7, Taranaki Oil, 4/5, Kaiapoi Woollen (con.) 8/5. Christchurch. Government stock, 4 per cent. 1943-46 £lOl/2/6, Liberty Loan, 2J per cent. 1947-41), £O7, Commercial Bank of Australia 16/6, N.Z. Refrigerating (10/- paid), 12/6, Claude Neou, N.Z., 27/6. Dunedin. Inscr. stock 3 per cent., 1953-56 1 £9B/2/6, D.I.C. (ord.), .18/3. Sydney Stock Exchange (Received September 28, 11 p.m.) SYDNEY, September 28. Trading widened on the Stock Exchange today. Values generally strengthened. Sales: Wilcox Mofflin, 11/6; Associated News, pref., 20/9; Broken Hill South, 26/-; Broken Hill Proprietary, 40/-; Tooheys, ex div., 31/6; Tooths, 56/-; Rawang, 5/10; Oil Search, 4/-. N.Z. Petrol Co. Report (By Telegraph.—Press Association.'' GISBORNE, September 28. The New Zealand Petroleum Company reports that drilling has started at the Uruti test well location, and a depth ol 380 ft.. wa.s attained on September -’l. Gold Mining The Slab-Hut Crec-k return for the week ended September 2J. 1943, was u6oz. from 18,600 yards iu 127 hours. Mount Morgan Report Mount Morgan advise that the estimated working deficit for the four weeks ended September 19 was £3523. South British Company The transfer books of the South British Insurance Co., Ltd., will be closed from October 15 to October 28, 1943, both days inclusive, preparatory to payment of the final dividend.’ Beath’s Higher Profit Beath and Co. (Christchurch) earned a net profit of £13,131 for the year ended August 19, compared with £10,969 last year and £9202 in 1941. There is £29,853 available. The directors recommended final dividends of 24 per cent on preference shares, and 3 per cent, on ordinary shares, making 5 per cent, and 6 per ceut. respectively for the year, unchanged, and leaving £26,246 to be carried forward. The dividends are not subject-to security taxes, and are payable on October 11. The report says the company has had another successful trading year, and there has been a substantial increase in turnover. However, ouce again profit from the increased sales had been- mainly absorbed by increased taxation. ■ Elder, Dempster Profit The report of Elder Dempster Linens, Limited, for 1942, shows that the profit on voyages, sundry operating receipts and dividends, after providing for expenses, taxation, and deferred repairs, amounted to £301,320, which compares with £385,916 for the previous year. Directors’ fees absorbed £3500 (same), depreciation of fleet £100,322 (£155,597), and depreciation of property £24.000 (£23,697), leaving a net profit of £175,408 (£205.122). To this sum is added £260,720 brought in, making £436,218. After transferring £50,000 (£75,000) to reserve account, providing for a dividend of 10 per cent., less tax (laterim 4 per cent, and final 6 per cent./, the same as a year ago, there remains £263„21S to be carried forward. John Brown & Co. Profit The report of John Brown and Co.. Ltd., the famous Clyde shipbuilders, for the 12 months ended March 31. hist, gives evidence of the continued activities of the undertaking. The balance-sheet-shows that work in progress now stands at £ 1.771.53 d, as against £1,403.384 a year ago. A dividend of 10 per cent., free of tax, is being paid on the o rdinary shares. The profit, after providing for taxation, debenture in_ terest, and depreciation, etc., amounts to £305,854, compared with £374,803, aud £222,885 is carried forward, against £221,431 brought in. Cash is £533,247, against £412,409.

21 p.c., 1/S/46 97 15 0 — oj pc 15/9/47 97 0 0 3" p.c., 15/7/1945 99 0 —- 3 p.c., 1/8/51-51 .... 98 0 0 3 p.c., 15/0/52-55 97 12 6 3 P.C., 15/5/53-56 98 10 0 OS —- 3 p.c., 15/12/53-56 •••• 98 0 0 o 0 31- p.c., 15/1/56-59 .... 100 o 0 —— 3t P.C., 15/9/57-60 ... 100 0 0 34 p.c., 15/1/53-57 .... 102 0 0 — 4 p.c., 15/2/43-+6 101 0 0 —* 4 p.c., 15/4/46-49. .... 103 15 0 — 4 p.c., 15/5/49-52 .... 104 15 0 — 4 p.c., 15/6/52-53 .... 106 0 0 —* 4 pc.. 3.1/5/54-5S .... 107 7 6 —- 4 p.c.. 15/2/43-16 .... 101 2 6 —• 4 p.c., 15/1/46-40 .... 103 15 0 — Liberty Bonds. 15/9/49 0 19 0 Nat. Bank N.Z —• 9 6 — to 6. Bank N.S.5X • ••• 33 15 0 —- • Nat. Bank A/asia, £10 12 V 0 Equitable Bidgs xl 0 3 0 — 0 6 xO 7 Un — Wgtu. Inv. T, & .A. .. Wgtn. T. and Loan .. 0 3 7 7 6 — Wgtn. Gas. ord 1 11 0 — New Zeajaud Ins —- 4 5 u 6 0 6 14 0 Canterbury .Meat ... 14 10 0 — 1 3 N.Z. Kef rig., £1 1 11 6 — Wgtn. Meat Exp 0 6 — Huddart Parker 17 6 Union Sleaiu, pret .. Westport Coal — 11 U 1. . 4 9 — 1 9 6 Felt & Textiles X2 — 1 16 0 Oamaru Woollen Timaru Woollen 1 0 0 6 l 1 3 8 12 0 Ditto, pref 8 14 0 Itotoiti 0 6 6 N.Z. Breweries 1 16 D —— — 17 -> \ c Y o 16 6 British Tobacco X2 7 0 — Broken Hill —■• •J b Burns. Philp o 0 0 — 0 9 . 1 Cox Bros xo 6 6 9 D I C ord 0 17 9 . D’tto. pref 1 6 0 — G. J. Coles — 6 Gridin & Sons, £1 .. 1 0 0 — Ditto, 10/0 10 0 ——. xO 1 14 . J.C.I., pref. ... 6 —— .T J. Niven 0 15 1 Ma cd tiffs, oi*d 0 12 0 — Ditto, pret 1 4 0 —— McKenzies — o 8 Macky Logan 1 9 6 Mettors (N.Z.) ...... 0 17 3 ■ ■ ■ Morris Iledstrom .... 1 11 0 — Nat. Electric IL 8 6 N.Z. Farm. Fert.. pref. 1 —. Sliarland & Co., ord. . 1 8 0 — Ditto, pref 1 9 0 Taranaki Oil .« —... 0 D 0 Woolworths Ltd. .. — xO 18 0 Ditto, 2nd pref. .... 1 8 0 W’lworth (N.Z.). pref. 1 18 6 — Araliura, ord 1 8 6 1 1 6 Ranieri, ord 0 18 0 Ditto, def. 0 11 0 —— Broken Hili Sth ' 1 6 0 Mt. Morgan — 0 9 10 Nth. Broken Hill ... J 0 Placer 3 6 0 — 0 9 6 UNOFFICIAL LIST. Aust. Motorists I J etrol 0 15 0 — A.P.A (J 14 0 Keystone Invest. . ,. Wainui-o-mata Laud 0 3 0 — Dev., 5 p.c., 31/5'46 95 6 0 ■—• Frozen Products 0 it 9 Kilbirnie Theatres .. 0 12 0 — ■ x Ex dividend. Stock Exchange Sales

No. of Sale Price. shares. £ s. <1. £4(500 3 p.c. ’Stock. Dec. 53-56 . 98 2 6 £33 War Loan, 1/10/53 .... . 03 12 (5 103 Nat. Bank of N.Z . *2 10 0 . *0 9 6 75 (McKenzies Dept. Stores 6 200 N.Z. Insurance . 4 5 0