FINANCE & COMMERCE

Dominion, Volume 37, Issue 98, 21 January 1944, Page 6

FINANCE & COMMERCE

STOCK EXCHANGE Sales In New Zealand Dealings in stocks aud shares recorded on New Zealand Slock Exchanges yesterday wore as follows, the uiimber of shares in each lot being shown in the case of Wellington. XVELLINGTON. Sale

(South Africa) 112 0 *Lnto sale, XVcdnesday. AUCKLAND. Second Liberty Loan, 15/5/53-56 (3), .298 17/6; 3rd ditto, 15/12/53-56 ( 3), .298/15/-; War Loan, 1/10/53, 24 per ceut., £94/13/6; XVool Bonds, 1/2/48,\19/9; Bank of N.Z., £2/3/11; Commercial Bank, ex div., 17/6; N.Z. Insurance, 90/-; Dominion Breweries, 41/6; N.Z. Breweries, 40/3: Tatterslield, odd lot, 40/-; Australian Gypsum, 20/-; Broken Hill Pty. (2), 4-1/6; Martha, odd lot, 9/-. CHRISTCHURCH. War Loan. 2J p.e,, 1053, £O4/15/-; Government Stock, 4 p.e., 1943-46, £lO2/5/-: National Bank of N.Z., 55/-; Union Bank of Australia. £7/13/-; Christchurch Building, £2O; Colonial Sugar, £5B; XVllson’s Cement, 19/3; XX'oolworths, South Africa, 32/-; Quill Morris (.1936), 26/-. DUNEDIN. Inscribed Stock, 3 per ceut., December 1953-56, £9B/12/6: XX'aitahu Gold, 5d.; Union Bank, £7/12/-; N.Z. Refrigerating (paid), odd lot. £l/7/-: Southland Frozen Jleat (ord.), £2/3/6; N.Z. Breweries. £2 0/3; XX 7 estport Coal, £l/5/6; XVilsons Cement, 19/3; Rawang Tin, 6/6. Gold Mining The Grey River Dredging Co.. Ltd.’s return for the fortnight ended January 19 was 4030 z. for 248 J hours from 147,015 cubic yards. Cabled advice has been received by the IXTcllington Stock Exchange that the Mt. Morgan estimated working deficit for the four weeks ended January 9 was £17,406. Gear Meat Profit The gross profit for the year ended November 30, 1942, before provision for taxation, was £141,290, and after provision of £95,117 for taxation left £46,182, said Mr. Stronach Paterson, chairman of directors, at the annual meeting of the Gear Jfeat Co., Ltd., held in XVellington yesterday. The gross profit for the past year, before provision for taxation, was £133,135, out of which provision was made for £89,000 for taxes, leaving a gross profit of £44,135. Out of the gross profit the sum of £6OOO was added to the plant renewal reserve, leaving a net profit for the year, after payment of all expenses and provision for all taxation, of £22,652. The carry forward in the profit and loss account at November 30, 1942, was £11,974. Adding the profit of the year ended November 30. 1043. £22,652, the total amount available for distribution was £34,626. Out of this sum in June last an Interim dividend of 6d. a share was paid, absorbing £11,500 and leaving £23,126. The payment -of a dividend of 9d. and bonus of 3d. a share less the Interest dividend of 6d. paid in June will absorb. £11,500, and will leave to be carried forward in next year’s accounts £11,626 as against the carry forward from the 1042 year of £11,974,

Stock And Share Indices (By Telegraph,—Press Assn.—Copyright.) LONDON, Jamiary 12,

Dow Jones Averages (By Telegraph.—Press Assn.—Copyright.) NEW YORK, January 12. Dow Jones averages (1926 equals 100) 20 Rail- 32 Shares

Telegraphic rates of exchange on overseas centres, as supplied bv the Bank of New South Wales, are as follows:— On Buying. Selling. New York, dol. to £N.Z, 3.2542 3.2050 Montreal, dol. to £N.Z. .. 3.6039 3.5290 India, pence to rupee .... 22 3-18 22 11-16 Ceylon, pence to-rupee .. 22 3-16 2211-16 London. £N.Z. to £loostg. 124 3-8 123 Aust., £N.Z. to £10()A ..1004 100 FIJI, £N.Z. to £IOOF, ... 90 885-8 S, Afric, £N,Z. to £IOOS.A, 123 1251-8 Chungking, N.Z. pence to 1 Chinese Natl, dollar . — t

No. of price. shares. £ s. d. £250 3 D.c. Stock, 15/12/00-56 . OS 12 6 £800 .“> p.c. Stork, 15/9/.T2-t><> . 9!) 2 G £1000 3 p.o. Stock, 15/12/53-56 . OS 12 6 85 Wool Bonds, 1/2/48 .... •0 19 9 300 Sooth British Insurance . *3 16 3 .100 Wilsons Cement “0 19 3 S8 M.S; and A, Bank 4 2 0 1090 N.Z. Guarantee Corp. ... 0 4 4 100 South British 3 16 3 200 Leyland O’Brien Timber . 12 6 100 N.Z. Breweries 2 0 3 10 Colonial Sugar OS 0 0 100 Woolworths Ltd 100 Woolwortbs Moldings 0 19 9

Govt, sec’s. Home rails. Indus- Goldtrials. mines. pee. 29 .. .. 112.5 68.5 128.5 158.7 Dee. 30 .. .. 112.5 6S.6 128.6 159.0 Dec. 31 .. .. 112.6 68.7 128.8 159.6 Jan. 7 .. .. 112.6 68.0 128.9 159.8 Jan. 10 .. . 112.6 68.6 128.7 159.8 Jan. 11 .. . 112.6 68.6 128.7 159.7 Jan. 12 .. .. 112.6 68,4 128,6 159.2

roads. Industrials, snid. DOC. 29 32.93 134 61 997 000 Jan. 3 33.45 135 92 517*000 Jan. 4 ..... 33.94 137 15 Jan. .... 34.23 138.65 2.157,000 Jan. 0 34.42 138.34 844,000 Jan. 7 34.53 13S.0S 833,000 Jan. 8 34.07 138.09 346,000 Jan. 10 34.82 137.80 722,000 Jan. 12 _. . . . JU Rft 1.07 (11 7 AX AAA N.Z. Exchange Rates .