FINANCE & COMMERCE

Dominion, Volume 38, Issue 202, 24 May 1945, Page 8

FINANCE & COMMERCE

WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selfing quotations recorded yesterday ou the M’eilington Stock Exchange were as follows:— Buyers. Sellers.

Woolworths Holdings (South Africa) xl S .6 — c, cum div. x, ex div. , Sales In New Zealand

Dealings in stocks and shares recorded on Now Zealand Stock Exchanges yesterday were as follows, the number, of shares in‘each lot being shown:—’ <•

£lOOO Inscr. Stock, 2* per cent., 1/8/46, £99/12/6; £BOO ditto. 3 per cent., la/./M--SS, £9B/2/6; £1025 ditto, 3 per eent., 15/4/60-63, £96; 200 Nat. Bank of N.Z., £2/18/9 (2); 398 Bank of A'"L’io~' / 1-.O ,3) • ioo N.Z. Breweries, Broken Hill Pty.. £2/6/-; 5 Coiotital Sugar, £59/15/-; ! 1400 Fletcher Holdings, £1 V/3 (6) ; 150 G. J. Coles. £3/10/6 (2) ; IbO j'tacduffs, Ltd., 16/3; 100 , Ke i d l >B U ! ) v 1/1-2/-; 133 Silknit (N.Z.), £l/4/-. -'JO Union Oil, £l/9/6; WO W!ts°n s'CetuetjL 18/9; 300 (N-Z-L -D 3/ \: Morgan, pre!., *,!/-/“» lw t , Brokeu Hili. £2/12/6; 1700 Aust. Founda•.ion Luvccsc. Co., o/-. CHRISTCHURCH.

£4OOO Inscr. Stock, 2* per cent., 1 /S/40, o'l3/10/-- £2OO ditto, 3 per cent., 10/L./Oo£llB/7/6: 102 Nat. Bank of N.Z., £2 18/D; 300 Broken Hill Pty., IUO Macduffs, Ltd.. 16/3; 100 L’letcher Holdings Ll/0/6; 2« N.Z. !>rug Co., £5 3/-; 40 ditto, con., 100 br Jf/. 1 . 1 , South, .£l/s/-; 100 Mt. Morgan, 7/7; IWO Aust. Foundation Invest. Co., .>/-, ouu ditto, 5/1. DUNEDIN£5OOO Inscr. Stock, 21 per cent.., L'B/16; i-'H-TU'- .21 - JO Nat. Bank ot N.Z., £- IS-6; 45 IVoGI Bonds. 1/2/4S, £l/0/8; 40 ditto 1/2/40, I'.l/S; 200 Standard Insurance. £4/3/6; JU Southland Frozen Meat, £2 14/-- 50 ditto. £2/14/6; SOU Macduffs Ltd., pref., £l/6/-: 64 N.Z. Drug Co., con., £3 1/-. • Farmers’ Trading Profit DuMINItiN bl'EtTAl 'SERVICE AUCKLAND. May 23. Record sales are reported by the Far«uers’ Trading: Company, Limited, tor the year ended March 31, when the company earned a net profit of £4'3,41)8. This compares with £42.581 in the previous year and £43,773 in 1943. The ordinary dividend is being maintained at 5 per cent. ia striking the profit the directors state tnax full provision has been made tor the P nient of income and security taxes as weu as for depreciation and bad deb 16. in addition, a further sum of £ 1 0,000 has been added to reserve for deferred maintenance, raising this fund to £25,000.

Tai'ingamutu Totara .Dividend Tai-ingatnutu Totara Sawmills Ltd., have declared an interim dtvtdend of 3 per eent., free of security charges pay aba on June 29. Transfer books will not oe closed. Fletcher Holdings Profit The net protit of Fletcher Holdings. Ltd., -subsidiary companies .for the year ended Marell 31 last, was £,>2.40. and not £252,437 as reported in a message ,ironx Auckland in yesterday’s “Dominion. Dental & Medical Supply Co. The accounts of the Dental and Medical Supply Co.. Ltd., for the year ended Mnrt-h' 31 lust, show a net pro tit be role provision for taxation ot £l- ; 0W. com mired with £13,701) the previous year. Taxation will absorb £Bo7o. aj-aiiist £lO,OOO last year, the unchanged dMdv.nl of 5 per cent, tree of security’ charges, takes £’.'SUO. leaving £2uSt> to be carried forward, against £1077 brought in. The report states that gross proht was slightly better than in 4he previous year, but expenses were heavier. Stocks on hand were at a more normal level. The retiring director, Dr. E. R- Gieseu. ofiers himself for re-eiectiou. Gold Mining Associated Gohl Dredges for the weev ended May 1U returned 182 ounces tor 3.H1 hours from 73.940 yards. Slab Hut reports a return of SJ ounces for 124 hours from 21,250 yards. Emperor.—Twelve weeks 99200 z. from 20.939 tons: also b36oz. from m-cumulated surface material. I.oloma.—Twelve weeks to April 11. ■>67!)oz. from 3678 tons. The Clutha River n-turn last week was 2440 z. for 176 hours. . Gillespie’’ Beach returned IBoz. Sdwt. tor 133 hours from 17.606 yards. Auckland Drug Co. Profit The accounts of the Auckland Drug Co., Ltd . for the vear ended March It) show a net profit of £2SSO. compared with £211.i last year and £2o*»s In 11.143. I he dividend is maintained at 10 per cent, final J W cent., requiring in all £2OOO. leaving to be carried forward, against £l7ll brought in. Turnover established a record. A stuff bonus was provided for in addition to the usual contribution to stair Insurance.

.£ S. d. £. 6. d 2* p.c., 15/0/47 98 10 0 —— 24 p.e-., 15/5/43 97 10 0 24 p.C., 15/6/47-49 .... 97 15 0 98 3 e 21 p.e., 15/2/49-50 .... 96 10 0 24 p.c., 15/4/49-51 .... 95 7 tt 24 p.e., 1/10/53 94 2 6 3 p.C., 1/8/51-54 98 0 0 3 p.e., 15/9/52-55 ,.... 97 15 0 — •.. 3 p.e., 15/5/53-56 .... 97 2 6 —— 3 p.e., 15/12/53-56 .... 98 10 0 98 15 0 3 p.e., 15/2/55-58 .... 98 2 6 — 3 p.C., 15/4/60-63 .... — 96 15 0 3J p.C., 15/9/57-60 .... 100 0 0 —“ 31 p.e., 15/1/53-57 .... 102 2 6 4 p.e., 30/U/194S .... 103 12 6 4 p.e., • 15/5/49-52 ,... 10-2 < 2 6 MW Liberty Bonds, 15/9/49 1 0 Wool Bonds, 1/2/48 .. 1 0 D Wool Bonds. 1/2/49 .. 0 19 8 Com. Bank Aust 0 17 M-* Ditto,, pref 10 7 6 MW E.S anw A, Bank .... x4 13 0 MW Nat. Bank N.Z Bank N.Z 2 18 0 c2 1 3 Ditto, D Mort. .... —— Cl 9 0 8 10 0 Equit. Bldgs. 1 2 6 1 11 3 —■w New. King, pref 1 3 0 • a N.Z. Guarantee .... 0 4 3 WM N.Z. Inv. M. and D. 0 11 3 WM W.F.C.A., pref 0 11 6 r Wn. Inv. T. and A. . 0 8 10 WM Wn. T. and Loan .. 4 1 0 MW ' Wright, Stephenson . 1 7 0 Wgtn. Gas, ord., .... 1 12 0 1 12 4 1 6 0 WM 0 2 3 — National Insurance .. 1 5 0 — ■ 4 18 0 South Brit. Insurance 4 4 0 VM 1 5 9 Wgtn. Meat Export .. 0 13 6 WM Bonds Hosiery .... 2 6 0 Felt and Textiles .... 2 12 0 WM Kaiapoi Woollen .... 1 3 3 WM Ditto,, pref 1 3 0 Manawatu Knitting . i) 9 WW. Titnaru 'Woollen 0 19 11 1 0 6 Wellington Woolleu . 8 5 0 —— Ditto, pref 8 9 0 National Timber .... ■ —- 0 8 3 Rotoiti Timber 0 9 9 WM Ditto, pref 0 18 0 Taupo Totara ■M0 8 9 Ditto, pref 0 9 9 N.Z. Breweries ...... • c2 3 9 2 4 1 2 19 0 w w xl 15 9 WM British Tobacco .... 2 10 3 2 12 0 ■ i x2 6 6 Burns, Philp x3 6 0 MW Ditto, South Sea .. 1 7 0 MW Claude Neon (N.Z.) .. 1 15 0 MW Colonial Sugar n58 15 0 — 1 19 G Dunlop Rubber 1 5 6 Elect. Zine, ord. ..... —— x2 18 0 Fletcher Wildings .... 1 9 0 G. J. Coles 3 10 0 MW J. J. Niven — 1 0 9 0 17 0 Ditto, pref 6 1 6 3 Mackay Logan 1 14 Mettets (N.Z.) 0 19 u» Peters American .... 1 3 0 Nat. Electric 111 3 MW N.Z. Farm. Fert., pref 1 5 6 MW Otago Daily 2 10 G 1 13 0 WW. Ditto, pref 1 13 3 Taranaki Oil Fields •— 0 1 0 Wm. Cable, ord 1 6 6 Woolworths Ltd 1 3 1 1 3 6 Woolworth (N.Z.) . cl 3 1 1 3 6 Ditto, Prop cl 9 9 - 1 7 3 0 7 0 MM Bulolo ...... • • ■ 5 7 0 -M

WELLINGTON. No. of shares Sale price £ 8. <1. £250 Inscribed Stock, 2| p.c.. 06 12 1"»/°/40-50 6 £810 Ditto, 24 p.c.. 1/10/53“(2) 04 — 6 £1550 Ditto, 3 p.c., l/8/»l-al .. 98 5 0 £1750 £750 Ditto, 3 p.c. lu/2/oo-oS (3) Ditto. 4 p.c.. 15/4/46-49. •98 •100 o 15 6 0 £2200 Ditto. 4 p.c., 15/5/49-5*- (»>) 102 O £300 Ditto, 4 p.c., 31/5/54-58 . 107 0 0 50 Nat. Bank of N.Z — IS 6 202 IS 9 Hank of N.Z 7 U 240 Goldsbrough, Hurt .... .1 11 200 Booth, Macdonald 0 1 6 303 Fletcher Holdings .... 9 6 200 100 1 McKenzies Dept. Stores. cum div 3 4 0 100 Woolworths (N.Z.), cum 1 3 3 1200 Woodworths (Sydney) (3) •1 3 3 ' ’Late sale, Tuesday. AUCKLAND.