FINANCE & COMMERCE

Dominion, Volume 37, Issue 128, 25 February 1944, Page 3

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations

The latest buyins and se ling recorded yesterday on the Bull u = tou Stock Exchange were as follows.—

Stock Exchange Sales

Dealings in stocks and shares recorded on New Zealand Stock Exchanges yesterday Were as follows, the number o£ shares in each lot being shown in the case ot Wellington:—

AUCKLAND. First-Liberty Loan, 3 per cent., 15/9/32■&3, £lOO/5/-: second ditto, 3 per cent., 15/5/53-56, £99/15/-; third ditto, 3 per cent., 15/12/43-56, £99/10/--Bank of N.Z., 44/-; Commercial Bank, 18/1; Traders Finance (eon.), 7/2; Northern Steam, 10/6; Kalapoi Wool. 24/-:. Dominion Breweries, 43/6; Booth Macdonald (pref.), 10/3; Bjcrott, 54/3: Farmers’ Trading, 20/6; Hume Pipe, 18/10; McKenzies,.s3/-; N,Z. Newspapers. 42/3; Wilson’s Cement, 19/9; Woolworths’ Holdings, 31/3; Wool Bonds. 1/3/48, 19/9. Unofficial list: Fletcher HoldIngs, 25/-. CHRISTCHURCH.

United Provisions, 14/6: ‘Broken Hill Proprietary, 46/6: *ißycrofts, 51/3: Hume Pipe (Aust.), 18/9; N.Z. Farmers Co-oP. (“B” pref.), SS/6; ‘Wilson’s Cement, 19/9. Unlisted: -A.P.A. (2), 20/3. ' ‘Late sales Wednesday.

DUNEDIN. N.Z Loan and Mercantile (ord. stock), £5l/10/-,. £5l/15/-.

Arnal. Brick (Auckland)

The directors of the Amalgamated Brick and Pipe •Company (Auckland) announce that the conversion offer made to holders of the 6 per cent, debentures maturing on March 1, to change to a 5 per cent, issue, maturing in 1554t59, has, been agreed to. A total of 250 holders applied for conversion, and over 150 applied for allotments in excess of their present holdings. Total applications amount to £200,000, whereas the debenture issue now being replaced represented £150,000. The new debentures, which are in denominations or £5O and £lOO. carry first mortgage rights over the company’s assets and are repayable on March 1, 1059. the company retaining the right to pay off on March 1, 1054, subject to six months’ notice. I revision is made for annual payments or not less than £2500 to an amortization fund. x Australian Cement Profit A (sharp fall in profit is disclosed by Australian Cement. Ltd., for the year ended November 30.. Profit, after providing £2500 for taxation, is ,£66,3i8. compared with £95,431 for 1041-42. Dividend is cut from 11} per cent, to 8 per cent., requiring £60,835. . Dividends received from Australian Portland Cement Co. Pty., Ltd., in which Australian Cement, Ltd.. Melbourne, and Kandos Cement, Ltd.. Sydney, are wul partners, total £60,022. against £90,006 the previous year. ’ Output was lower because of restrictions on building activities, the directors say. Tills reduction, in turn, adversely affected costs already aggravated by war conditions. Canterbury Invest. Assn. The annual report of the Permanent Investment and Loan Association Of Canterbury states that the profit for the year, after faking into, account all interest due and accrued as at December 31, 1940, amounted to £5318/0/3, which, together with the balance brought forward from last year amounting to. £498/1/9, leaves £SSI6/2/- in the profit and loss account An interim dividend of 2 per cent, was paid on July 31, 1943, and a final dividend of 3 per cent; on Jaunary 31, 1944, making a total distribution for the year of 5 per cent., which absorbed the sum of £5OOO. The fiuin of £5OO was transferred Jo th? general reserve account, leaving £316/2/to be carried forward 'in the profit and loss account. Australian Deposit Rates An order under the National Security (Economic . Organization) Regulations was issued last month by the Commonwealth Bank reducing by one-quarter uf 1 per cent, per annum, the maximum rates of interest payable by banks on fixed deposits for three, «lx and 12 months, accepted or renewed on and after the date of the order. The rates payable on existing deposits will not be affected, but If the deposits are renewed at maturity, the new rates will apply. The 24 months rate remains unaltered. The new rates will be: 3 months, 1 per cent, per annum: 6 months. 1} per cent, per annum; 12 months, ’ 1A- per cent, per annum; months, 2 per cent, per annum.

2* p.c., 1/8/46 Buyers. £ s. d. 98 (1 0 Sellers. £ s. d. 99 0 0 24 p.c.. .15/6/47-49 ••• 97 17 6 *— 93 3 p.e.715/7/1045 ..... 99 5 0 — 3 p.c.. 1/8/51-51 .... 99 0 3 P.C.. 15/9/52-ao .... 100 0 0 3 p.c., 15/5/53-56 99 10 0 3 p.c., 15/12/53-56 ... 99 0 3} P-c.. 15/1/56-59 101 0 0 3i p.c., 15/9/57-60 102 6 4 p.c., 15/2/43-46 100 10 0 4 p.c., 15/4/46-49 .... 103 0 0 4 p.c., 15/5/49-52 .... 105 '5 0 4 p.c., 15/6/52-55 . too 4 p.c.. 31/3/54-58 107 *• ✓6 — Liberty Bonds. 15/5/49 0 19 6 Bauk Australasia Coin. Bauk Aust., pref. 9 5 0 10 10 0 E.S. & A. Bank 4 1 0 Nat. Bank N.Z 15 0 Bauk N.S.W x34 15 0 Bauk of N.Z 3 9 Ditto. D Mort 1 12 6 Union Bank 1 15 0 — Nat. Australasia .... 12 0 0 . Goldsbrough Mort. . 1 7 9 0 4 1 * Loan and Mercantile . 50 0 0 55 0 0 W F C A p ref. ...... 0 7 3 Wgtn. Inv. T. and A. . 0 7 6 Wgtn. T. and Loan . 0 National Mtge.. A 3 0 0 Wgtn. Gas, ord 1 11 6 Ditto, pref 1 3 6 Queensland Ins. ... 3 2 0 x3 18 3 Canterbury Meat ... 15 0 0 •— Ditto, pref. 8 0 0 Gear Meat 1 3 9 •— N.Z. Refrig.. £1 ... 1 7 3 *— Ditto 10/0 13 0 Huddart, Parker' ... <•3 1 0 — p & o 1 19 6 Union Steam, pref. .. 1 10 0 1 K q I 1 ■ 1 M Bonds Hosiery 1 19 6 I 16 A 1 14 6 V Felt~ & Textiles o 10 3 *— Kaiapol Woollen, pref. i 3 0 —• Oamaru Woollen 1 8 3 Prestige, pref 1 7 0 9 Tlmaru Woollen .... Wellington Woollen . 9 5 6 0 Ditto, pref 9 0 Leyland O’Brien Tim. 1 2 6 n O o Rotoiti Timber U V 0 10 Taupo Totara Timber — 0 1 7 Tooth and Co. ..... A C I 2 10 0 2 17 8 Anthony Hordern .. 0 19 0 — British Tobacco .... 2 9 0 1 0 Colonial Sugar 59 15 0 60 10 0 Dental & Medical 1 0 0 D.I.C., pref 1 6 0 Electro. Zinc, ord. 17 0 Frozen Products .... 0 13 1 — 0 7. 6 (4- .t Coles ......... 3 •> 3 —— Griffin and Sons. £1 1 9 6 *— Ditto 10/0 14 6 I.C.i.. ”pref. .... 1' 5 6 —• 0 IB 9 ** Macduffs, ord. 0 13 9 — Cl 0 0 ■ 3 McKenzies 2 13 0 2 15 Mackay. Logan 1 0 11 18 0 6 i “o 0 N.Z. Forest Products 0 8 0 . i.. 0 12 Nat, Electric 1 11 0 — 4 13 6 N.Z' Newspapers .... 2 1 6 — 1 8 3 Ditto, pref 1 9 3 ■1 " 0 2 1 9 0 0 16 9 ' ■Wilson’s Cement. .... 0 19 10 Wm Cable, p’ref. ... 1 0 0 0 19 Woolworths. Ltd. ... 1 8 Woolworths Prop. 8 0 Mt Droll 1 10 0 Mt. Morgan 0 8 7 Wgtn. Alluvials Woolwortlis Holdings 0 5 '1 12 (South Afriea) 6 e. Cum dividend. c. Ex (liviaena. UNOFFICIAL LIST. Dominion. Farm. Inst. —- 4 0 0 Assoc. Mot. Pet., pref. 1 4 6 Fletcher Holdings. . —• 1 5 6 Whakatane Paper Mills 0 10 3 0 11 6 „ Ditto, pref 1 0 —- Kilblrnio Theatres .. 0 15 0 Nelson Freez. Co. N.Z. Farm. Co-op. Dist. —- 5 5 0 A. 14/- paid ..... 0 10 3 Self ridges (N.Z.). 16/paid 0 9 6 —

WELLINGTON. No. o£ Sale Price. shares. £2000 3 p.c. Stock. 15/9/52-55 .. £2000 Ditto. 15/5/53-56 B. 100 5 u. 0 90 15 0 £520 Ditto. 15/12/53-56 ........ 09 10 0 £1000 4 p.c. (Stock, 15/2/43-46 .. 100 15 0 400 Comm. Bank of Aust *0 18 1 50 Dominion Breweries .... •2 3 6 150 Reid Rubber .... »1 9 5 200 Bank of New Zealand .. 2 4 0 (IS.Dominion Breweries .... 2 3 6 2O|Co!onlal Sugar (3 sales) .. •Late sale Wednesday. 60 0 0