SHARE MARKET

Evening Post, Volume CXXXVI, Issue 64, 13 September 1943, Page 6

SHARE MARKET

WELLINGTON STOCK EXCHANGE. No sales at first call this day. Sales made late Friday: £350 3 per cent. Stock, 1952-00. £99; £4900 (2 sales) 3 per cent. Stock, May, 1953-56, £98 7s 6d;' 53 B.S. and A. Bank, £3 19s 6d; 1200 VVaihi, 4s 7V£d. PA. AUCKLAND, This Day. Sales (morning call) : E.S. and A. Bank, 79s'6d; Bank of New Zealand, 42s 2d; A.C.1., 565; N.Z. Refrigerating, 25s 9d; Waihi In- . vestments, 4s 7%d; Government Stock (53-56), ,

3 per cent., £98 7s 6d. Noon call: Tattersfield, 37s 6d; Government Stock (53-56), 3 per cent, £98. CHRISTCHURCH, This Day. Sales: Bank of New South Wales, £34; Canterbury Frozen Meat, £14 17s 6d. Sale reported: N.Z. Refrigerating (£1 paid), 25s 3d.

DIVIDENDS ANNOUNCED

Directors of South Otago Freezing Co., Ltd., recommend payment of a dividend of* 5 per cent, per annum for year ended August 31, and payable October 29. Wairarapa Farmers' Co-op, announces dividend 3 per cent, to preference shareholders, (payable October 4.

PERPETUAL FORESTS.

Liquidators of N.Z. Perpetual Forests, Ltd., report, for. the year ended March 31, that * distribution of shares in N.Z. Forest Products, Ltd., was made on March 22. The number involved was 19,111 fully-paid 5 per cent; noncumulative £1 preference shares and 60,548 fully-paid £1 ordinary shares. The only items preventing an immediate completion of the liquidation and payment of a final cash dividend are compromise of a contract with N.Z. Forests, Ltd., of England, an early settlement of which is expected, and the collection of balances due from sundry debtors.

WOOLBROKERS' YEAR.

Net profit of Wlnchcombe, Carson, Ltd., woolbrokejrs, Sydney; at £49,548 for the year' ended June 30 increased from £ 37,732 for 1941-42. Dividend, which was reduced last' year, is restored to 7 per cent.; requiring £38,500, and £10,000 is placed to reserve. Carry forward is £10,400, against £9352 brought "forward.

INSURANCE AND WAR.

"Bearing in mind the extremely difficult times through which we have been passing," said Sir William Goschen, chairman, Sun Insurance Co., London, "I feel that you will regard the foregoing record as very satisfactory. I would, however, venture to remind you that as the war continues so Its destructiveness to much normal commercial enterprise must progress. In the absence of opportunities to replace what the war has destroyed, insurance business such as ours must be adversely affected, and it is hot unlikely that this may he reflected In our accounts for 1943."

TIMARU LIME CO,

Directors of Timaru Lime Co., Ltd., report for the year ended August 31, increased demand for the company's product. Net profit for the year, £1163. Directors recommend dividend of 5 per cent., absorbing £650; to general reserve, £200; carry forward, £313. The'company invested £500 in the 3rd Liberty Loan. Paid-up capital is £13,000; sundry creditors, £763; taxation reserve, £708. Fixed assets. Including plant and buildings and land, £10,913, and floating assets , £3721. .

EGG SUPPLY AND PRICES. Combined Distributors reports that the rationing of the local supply of eggs at 40 per cent, of Wellington's normal requirements is unchanged for this week. Wholesale prices are as last week, namely:—Heavy, Is lo%d dozen; standard. Is B^d; medium, Is 7%d; pullets, fs 3%d; large duck, Is B%d; small duck. Is 7%d. Authorised receiving depots will pay Is 6d a dozen for ungraded eggs.

DOW JONES AVERAGES

(By Telegraph—Press. Association—Copyright.)1 NEW YORK, September 11« Dow Jones averages (1926 equals 100) :—

."''- 20 rail- 32 indus- Shares roads. trials. sold. • Sept. 2 34.55 137.11 290,000 Sept. 4 ....v 34.37 137.33 174,000 Sept. 10 34.22 138.04 296,000

LONDON SHARE INDICES.

(By Telegraph—Press Association—Copyright.)' LONDON, September 11. "Financial Times" stocks and share indices, with previous quotations ..are (October 15, 1926, equals 100) :— Govt. Home Indus- Goldsees, rails, trials, mines'. Sept. 1 112.3 67.7 129.9 163.5 Sept. 8 ....... 112.3 67.5 130.5 163.1 Sept. 9 112.1 66.8 130.8 164.7 Sept. 10 112.1 66.6 130.8 164.5