FINANCE & COMMERCE

Dominion, Volume 37, Issue 283, 26 August 1944, Page 5

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations

The latest buying and selling Quota tions recorded yesterday ou the n elling ton Stock Exchange were as follows:—

Sales In New Zealand Dealings In stocks and shares recorded on New Zealand Stock Exchanges yester day were as follows, the number of s>«ares In each lot being shown in the case o Wellington:— WELLINGTON.

AUCKLAND. Inacr. Stock, 3 per cent-. W/12/K-56, £9B/5/-; Bank of N.Z., £2/4/9, Felt anu Textiles, £2/17/3; Dominion Breweries, £2/5/-; Broken Hill Pty. (2), L2/4/o, Colonial Sugar, £5B/10/-; Farmers J.rncling, £l/6/9; -McKenzies Department Stores, £3/6/-; Woolworths (Syd.) (J), £l/1/-- - . CHRISTCHURCH. Inscr. Stock, 3 per cent., 15/12/53-56, £9B 7/6; Com. Bank of Aust., IS/o, l»/6; United Building, £l/4/-; Dominion Breweries, £2/5/-; It. and E. Tingey, pref., £l/11/-; Woolworths (Syd.). £l/1/1; Woolworths '(N.Z.), (2) £l/1/6, £l/1/7; Mt. Lyell, £l/11/-. ■ DUNEDIN. Union Bank, £B/5/6; Dalgety and Co. (2). £B/8/-; Standard Insurance, £4; N.Z. Refrig., £l/9/-; ditto, 10/- paid, 13/9. Dividends Declared The directors of Frozen Products Ltd. will recommend 4it the annual meeting on September 22 a dividend of 1/- a share, an unchanged rate, free of security charges and payable on September 22. Jranster books close September 16-22 inclusive. Peters Ice Cream transfer books will eloee September 2-9 inclusive for final dividend purposes. The dividend rate and date of payment will be advised later. The Zinc Corporation Ltd., Melbourne has received the following advice from head office in London:—The directory have clared a participating dividend « L- a share, English currency, out of profits lor the vear ended December 31, 1943, on preference and ordinary shares, making a total distribution for the year of six shillings per share on preference shares and two shillings per share on ordinary sharesThe directors have also declared a div dend of two shillings per share, pnglmfi currency, on preference shares, being tne first half of the fixed cumulative preferential dividend for the year ending December 31 1944 Both dividends are pay "on September 29, less English tax al five shillings and threepence in £ to shareholders on the London and 11 ,‘;, lljouraa registers as at September L iranster books close at 4 p.m. ou August ol and reopen on September 2. Wellington Invest, Trustee And Agency Co. There was a slight decrease in the volume of business over the P ast .. s ?fJ compared with the previous year, said Mr Will Appleton in his address at the annual meeting of the Wellington Investment Trustee ana Agency Co., Ltd., yesterday when he presided owing to the unayoia able absence of the chairman, Mr. G. G. Watson. For seven years previously a steady Increase had been maintained, ano the position this year reflected the di U culty that was being experienced generally at present in finding suitable investments for funds as they became available, iht directors realized that the shareholders were mostly small investors with small m comes and that many of them were being hard hit by taxation and increased cost of living. For this reason every effort wa* being made to maintain a reasonable rate of dividend. Shareholders would, however, realize that tlKiyr could not continue in definitely to draw on the carry forward as bad been done this year. The retiring directors. Messrs, W. L. A. Gill and R. H. Rowland, were re-elected. Search For Oil The latest progress report on No. 1 bore being sunk at No Town by New Zealand Petroleum, Ltd. shows that if has passed (5400 ft. compared with a depth of 628Sft. on August L". Tho bore is progressing uninterruptedly at a rate of about 20ft. a day. Whittome, Stevenson Profit Tbo accounts of IViilttome. Stevenson and Co. for the year ended June 30 show a net profit or £2186. compared with £lBB/ last year and £lBB9 in 1912. The result is reached after providing to, mid for £llOlB in taxation, against £3B->J In Um previous year. With Ute_ amount brought forward. 21311. there is £31.17 available. The directors recommend a dividend of 6 percent, (unchanged), which will require £1845, leaving £ll»i2 to IX) carried forward.

LOU CLOCK LAtlldUb'» ’’ Buyers. £ s. d. Sellers £ ». d 21 p.c., 1/8/46 98 7 0 **— 2$ p.c., 15/9/47 ...... 99 5 0 •— 2k p.c., .15/5/48 98 .10 0 2j p.c.. 15/6/47-49 .... 97 17 6 94 .15 0 3*p.c. t 15/9/52-55 99 10 0 3 p.c., 15/5/53-56 ..... —— VS 17 6 3 p.c.. 15/12/53 56 .... 98 12 6 4 p.c., 30/11/1948 .... — 104 0 0 4 p.c., 15/4/46-49 .... — 103 0 0 4 p.c., .15/5/49-52 —— 104 15 0 4 p.C„ 31/5/54-58 106 15 0 —— Bank Adelaide 5 IS 6 Com. Batik Aust. ... 0 18 10 Nat. Bank of N.Z. ... 2 14 11 •— Bank N.S.W — x36 10 0 Bank New Zealand .. 2 4 9 Ditto, D Mort —— I 14 6 Union Bank —— 8.3 0 Abraham & Williams, 0 11 0 Eqiut. Buildings 1 1 6 — Goldsbrough Mort .... 1 11 3 Newton King pref. ... —— 15 0 0 4 1 ■ww N.Z. Inv. M. & D 0 10 9 — Doan & Merc. .72 0 « —— W.F.C.A , pref 0 10 6 -— 4 0 0 ■ ■■w 0 7 10 MW 15 3 New Zealand Ids. ... — 4 10 0 South British Ins. ... 4 0 6 Canterbury -Meat 15 10 0 1 G H 16 9 N.Z. Refrig., 10/- .... 0 13 9 Wgtn Meat Exp 0 13 6 p & o 2 11 0 Union Steam, pref. ... 1 11 0 Felt & Textiles 2 17 0 2 17 0 Kaiapoi Wool., 7/- pu. 0 9 2 —- Prestige, pref I 6 6 TlmarU Woollen —- Wellington Woollen .. 9 2 6 9 0 0 0 8 6 •WW 0 8 0 Kauri Timber 17 0 — Taringamutu 10 0 — Carlton Brewery .... r y 2 17 0 x.3 14 6 2 17 9 A G Healin'’’ ........ ——- 15 0 Eerie! (N.Z.) 4 6 0 British . Tobacco —— 2 3 9 2 5 0 3 4 6 ■MW Ditto Sth.' Seas .... 1 3 6 — Colonial Sugar 58 5 0 0 9 1’1 1 IS 6 W» D.I.C .1 1 0 Dunlop Rubber 14 9 General ludus • 1 4 3 Ci I Pnlnc 4 6 3 Griffin & Sons, £1 ... 1 11 9 — Dlttn 10/k 0 15 9 —— Ditto, pref 110 0 T J Niven CO 19 6 0 17 1 el 7 0 Mekenzles 3 G 3 1 15 9 Metters (N.Z.) 0 17 9 .. —- Morris Hedstrom .... 2 7 3 N.Z. Newspapers .... 2 o G N.Z. Paper Mills 2 0 9 1 Q fl Reid Rubber — 1 a u —— 1 11 3 I 10 l> — 1 11 3 — Silknit (N.Z.) 17 0 18 0 Taranaki Oilfields ... —— 0 3 3 Ditto Develop 0 10 Victoria Laundry .... 0 1.7 C> Wilson’s Cement .... 0 19 3 114 Woolworths Ltd. —— Woolworth (N.Z.) ... 1 1 o 1 1 J Ditto, pref 2 0 0 19 6 Ditto, Prop Wailii Invest — z 0 5 9 Gillespies Beach 0 0 5 0 7 3 Snowy River Mt. Lyell — Woolworths Hold. (S. Africa) c, Cum. dividend. — .1 IX V x, Ex dividend.

No. of shares. . . Sale price £ s, d £100 Wool Bonds, 1/2/18 .1 V 200 Com. Bank of Aust. • ••■ 18 G 200 1456 100 *0 8 *•> o 7 125 800 0 17 Wooiworths (Syd.), ('-) • 1 1 0 500 Woolworths (N.Z.) 1 1 6 ♦Late sale Thursday,