FINANCE & COMMERCE

Dominion, Volume 37, Issue 230, 27 June 1944, Page 6

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations

Tlie latest buying aud selling quotations recorded yesterday on the Wellington Stock Exchange were as follows: —

Sales In New Zealand Dealings in stocks ami shares recorded on New Zealand Stock Exchanges day were as follows the number of shares In each lot being shonn in the case o

AUCKLAND. Inscr. Stock, 24 per cent l/S/4« £99 IT/C; ditto. 24 per cent. (2); ditto, 3 per cent., 1.y9/o--uu, £J9/o/ , I'tiHo’ 4 t?er «nt : ’ Wool Bonds, 1/2/48, Com- Bank Aust., 18/9: Bank of N.Z. Auckland Farmers, B pref-, 17/9 N.Z. I surauce, £4/9/- (2): South Mtib Insur nnee, £4: Auckland Gas, 7/10, Kauri Ti her £l/S/t); Colonial Sugar. £ub/l-./o, £56/15/10 (3); Consol. Brick, 10/2; Electro. Zinc £2/17/0: Reid Rubber, Silknit (N.Z.), £l/5/6; Martha, O/ 1 : Woolworths Holdings (South Africa), £l/10/6. Unofficial list: AValker and Hall, £l/-/--CIIRISTCnUItCII. laser. Stock, 24 per cent. 1/10/53, £95; ditto **> nor cent.. 10/o/i>3' , K», A-bo/10/- » •Dalgety and Co., £B/12/6; Chrlstchurcl Gas £l/6/9 (2): Kaiapoi AAoollen. 7/paid, 9/10; Oamaru AVoollen. NZ Breweries, £2/3/- (2): G. J- Coles. —3 6/'-; Selfridges (A/asin). £l/6/6: Ngahere Gold, 8/-. Unofficial list: Ashby Ber„h, bref., £5/5/-. DUNEDIN. Taser. Stock, 24 per cent., £l/10/53• ditto, 3, per cent , 1 1 0 4 9 /4~“fi(i 5 ’4> 1(ilZl®/6 : liilto. 3i per cent., I’o/O/m-bO, £lOl/1-/9, ditto, 4 per cent., 15/5/49--. Refrig., 10/- paid. 14/'- (2): At estport Coal, £l/5/-; N.Z. Breweries, £2/3/-. Unofficial list: Mackintosh, Caley, Phoenix £l/lu/-. Dividends Declared The directors of Manawatu Knitting Mills Ltd., have recommended an interim dividend o£ 3 per cent., payable on June 30. Transfer books will reopen on July 1. His Majesty’s Arcade and Theatre Co., Ltd. has declared an interim dividend or 2 3-5 per cent, on preference shares, payable on July 1, less 2/6 in the £1 security charges. A dividend of. 2 per cent, will be paid on the same date on ordinary shares. Transfer books are not closing. The Union Bank of Australia, Ltd., advises that transfer books will close July 1-7 inclusive. National Reliance Invest, Co. Tho accounts of tlie National Reliance Investment Co.. Ltd.. Melbourne, for the vear ended March 31 last, show a net profit of £10,637, compared with £9bbo the previous year. The dividend of 4 per cent, (-'tj per cent, last year), absorbs £lO.OOO, and £5OO is transferred to general reesrve, leaving £127 to be carried forward, against £lOB9 brought in. The report states that net revenue for the year represented a return aof 4.3 per cent, on paid-up capital, compared with 3.9 per cent, the previous year. Gold Mining Tlie Ngahere return for the fortnight ended Juno 23 was 08oz. for 55 hours from 92.910 yards. The Maori Gold return last week was 51oz. 9dwt. for 145 hours, from 16,000 yards. The Clutha River dredge last week returned 960 z. for 95 hours. Gillespie’s Beach returned 12oz. 12dwt. for 233 hours from 33,360 yards. Moms, Hedstrom Prolit The accounts of Morris. Hedstrom. Limited (Suva), show a net pro tit of tSS,S-3'J for the veur ended March 31. compared with .C50.7’17 for 1912-43. and ,254,949 for 1911-12. Ordinary dividend, again SA per (•(Hit., requires £44.231. Preference dividend of 6 per cent, absorbs £13.152. The carry forward hs £127.9.’52. against £105.629 brought forward. t Gisborne Gas Co. Profit Tlie accounts of the Gisborne Gas Company for the year ended March 31 show a net profit of £llO3, compared with £l2OO last vear and of £llO3 in 11)42. Tho dividend recommended is unchanged at share. Revenue amounted to £38.671, against £37,180 last year. The report mentions the installation of new vertical retorts which would operate early in 1945 and would enable the ever-increasing demand for gas to be met. During the past year the company had been handicapped by shortage of suitable coal and lack of plant. Mt. Morgan Capital PropiL<?i !■< to inercaso thr capita! of Mount Morgan. Limited (<>ue<Hisland). from C 550.000 (<> L : Sso.<>oo by (lie ere:it!<'u of 300,000 second preference shares of £1 each were agreed to bv shareholders at a meeting recently.

% Buyers. £ s. d. Seilers. £ e. d. 21 p.c., 1/8/16 4)9 12 (1 AA 21 p.c.’, 15/9/47 99 0 0 AA 2.1 i>.c., 15/5 l-S 98 7 6 — 2J p.c.. 15/(5/47-49 .... 97 15 0 AA 3 p.c., 15/7/11*45 .... 1W) 5 0 •— 3 p.c., 1/8/51-54 —— 99 12 6 3 p.c., 15/9/52-55 .... AA 99 10 0 3 p.c., 15/12/33-56 .... AA 08 12 6 3 p.c.. 15/4/60-63 •••• aa 98 5 0 3-1 p.c., 15/1/56-59 .... AA 102 7 6 31 p.c.. 15/1/53-57 .... —- 104 2 6 4 p.c., 30/11/1948 .... 103 0 0 ““ 4 p.c.. 15/6/52-55 .... 105 0 0 105 10 0 4 p.c.. 31/5/54-58 .... 100 10 0 AA Corn. Bank of Sydney . Nat. Bank N.Z J0 2 15 0 Bank N.S.W 37 0 0 AA Bank New Zealand ... 2 4 6 — Ditto. 1> Mort 1 13 9 — Union Bank Aust. ... . — 8 12 6 Goldsbrough Mort. .. Newton King pref. .. 1 10 9 AA 1 0 Bonn and Mercantile . 70 0 0 W.F.C.A.. pref 0 9 6 Wn. Jnv. T. ft A 0 S 0 AA Wn. T. & Loan .... Wright. Stephenson, 3 17 0 — pj*pf 1 6 0 N.Z. Invest. Mort. 0 10 6 — Christchurch Gas .... 1 6 0 AA Wellington Gas. ord. . 1 14 8 AA 0 1 •9 A, South British Ins. ... 3 19 6 AA 1 5 0 AA N.Z Refrig.. £1 1 8 e Ditto 10/I... . 0 14 1 Wgtn. Meat Exp 0 13 4 — 1 Iluddart. Parker .... 3 3 6 P nnd n. 2 4 9 Westport Stockton Coal 0 3 10 AA Renown Collieries 0 u 6 Bonds Hosiery ...... 2 4 6 Pelt and Textiles .... 2 12 6 Manawatu Knitting . 2 2 0 A— Oanjaru Woollen .... 1 10 0 Prestige Pref 1 6 6 """ Timaru Woollen 1 1 ■Wellington Woollen . 9 7 6 9 .10 0 '■ Rotoiti Timber 0 7 11 0 8 3 Taupo-Totara — 0 9 0 10 0 2 3 3 2 IS 3 AA. Ballins Brewery (15/paid) 0 19 0 1 British Tobacco — x2 11 3 2 4 9 3 1 3 AA Colonial Sugar 56 5 0 A■■ D.I.C Dunlop Rubber .... 1 0 1 4 3 0 — Electro. Zinc. pref. .. 2 18 4 Frozen Products 0 13 9 Griffin and Sons. £1 . 1 11 9 Ditto 10/0 15 0 General Indust 1 3 10 TCI prof 1 7 0 J. J. Niven I 1 0 Macduffs. ord Ditto, pref McKenzies 0 17 1 0 x2 19 0 9 — Matters (N.Z.) 0 17 0 7 g N.Z. Forest Products 0 11 0 National Electric 1 13 4 IS 0 V r Z Driv ....... N.Z. Farm. Fert 1 4 3 0 — N.Z. Newspapers .... N.Z. Paper Mills .... 2 0 1 10 Ditto, pref, 111 0 •— Silknit (N.Z.) 0 3 0 Taranaki Oilfields .. 0 1 o Ditto Development 1 o s Wilson’s Cement. ... Woolworthfi. ... Woolworths. (N.Z.) «. xO 19 xl 10 6 Ditto. Prop. 1 9 6 Broken Hill South . Wgtn. Alluviate .... 0 2 0 13 9 Woolworths Holdings (South Africa) .. 1 9 6 — unofficial list. 4 18 0 — Whakatane Paper, pref. 1 * John Fuller and Sou 4} p.c.. 1/3/49 •• Rubber Dlstrib SO 10 1 4 0 0 — 1 13 Aust. Mot. Petrol . —- 1 4. O 4 0 o N.Z. Woolpacks .... ■Wgtn. Publishing Co. c, Cum dividend. 4 1V x Ex dividend.

Wellington. No. of WEMAA <> A • Sale price. r. d. shares, £940 Inscr. Stock. 24 p.c.. Y .95 0 0 £3030 £2000 Dittof 3-p.c ■15/9/52.55 99 Ditto. 4 p.c.. 31/o/a4-o8 .. 100 a 12 0 G o 150 South British Insurance 11 200 Westport Stockton Coal 3 0 o a 0 77 100 100 *1 17 0 Electro. ’Zinc .. *2 17 G Self ridges (A/asia) .... 200 G 500 Silknit (N.Z.) Woolworths Holdings 100 1 10 G . 300 list: F.A.M.E. Ins., pref. .... *Late sale 1 riday. 0 15 0