COMMERCIAL

Evening Star, Issue 25471, 30 April 1945, Page 6

COMMERCIAL

SHARE MARKET. , The investment market opened quietly this morning with no business transacted. Three pe- .:e-i;. Governa.ent loans were again on offer with little interest displayed by buyers, who continued to show preference for the longer term, stocks.. Th» market for Bank of New. Zeaiands narrowed to 47s 9d-48s 3d, while Nationals closed at 56s 6d-58s and Unions on the wide margin of £8 ss-£9. Prices showed Utile change in most of the early sections, with a scarcity of declared vendors. New Zealand Breweries had an inquiry at 445. with best holders asking 9d away. Among leading miscellaneous stocks, quotations were recorded as follows:—Dominion Fertilisers, 255-265; ' 0.D.T.,' 50s 6d-52s 9d; Woolworths N.Z., 22s 9d-235; while Mount Morgans held their recent advance to close at 7 S ld-Bs. SALES ON 'CHANGE: THIS DAY. Auckland. —Morning call: Commercial Bank of Australia, 17s 7d; Fletcher Holdings, 28s 3d, and 28s 6d; Moturoa Oil, 9d and Is; Wilsons Cement, 19s 4d; Woolworths Holdings, 29s 3d; Stock. 24 per cent. (1953), £94 2s 6d; (1949-50), £O6 15s; 3 per cent (1952-55). £97 15s; (195558). £97 17s 6d. Noon call: Reid Rubber, 325; Rural Bonds (1947), 4 per cent., £lO2. Wellington.—3 per cent. Stock (1952-59), £97 12s 6d. Christchurch.—3 Per cent. Victory Loan (1955-58), £97 15s. Reported: 24 per cent. Stock (1947-49), £9B; 3 per cent. Stock (1952-55), £97 12s 6d; 3 per cent. Stock (December, 1953-56, late Friday), £9B; 'Woolworths (South Africa, late Friday), 29s 3d. ' - AUSTRAL NEW ZEALAND LOSS. Austral New Zealand Mining Ltd. (Otago)' incurred a loss of £16,065 for the year ended September 30, compared with a profit of £8,778 for 194243 and e loss of £3.772 for 1941-42. The passage of the dredge to a new section was through unpayable ground, which accounted for the poor showing, the directors report. Results since reaching the new section have improved, a small working profit having been earned in the current year. Long delay in delivery of dredge parts added to difficulties. - The year's loss, which is without amortisation or depreciation provision, turns a credit balance of £4,999 into a debit of £11,066. Recovery was 5.5130 z bullion", against 8,4940 z the previous year. WETHER SCHEDULE. The New Zealand Meat Producers' Board advises that the wether schedule will he increased by £d per ,1b from to-day in both the North and South Islands. AUSTRALIA SILKNIT. Net-profit ot Australia Silknit Ltd. at £10,842 for the year ended December 31 is a decrease of £479. It is reached after doubling taxation provision against £6,000 Depreciation charge is £6,490, against £6.395. The directors staio that an increase in profit derived from a larger output was all absorbed in taxation. MINING NEWS. The Ngahere dredge reports that the return for the fortnight ended on Friday last was 2380 z from 70.366. yards, worked in 223 hours. CLUTHA RIVER DIVIDEND. Clutha River Gold Dredging advises that au interim dividend of 6 per cent, has been declared, payable in London on May 23. The dividend is subject to British income tax at 6s in the £. There was no wash-up last toeek, the dredge being stopped for repairs. For the period ended April 27 the dredge worked 136 hours to recover 2040 z- the yardage for the ..four weeks ended the same, day being 119.000. FISH MARKET. Moderate supplies and a keen demand combined to ; make . prices •, firm-' for , most varieties at this morning's auction, and with the exception of red cod,:, of .which there was a small all lines were cleared. Prices ranged as fellows:—Lemon soles, BJ'd to 9Jd.per lb; English soles, 6|d to 7d; flounders. 6d to 6Ad;.]ing, 5d to 5Jd; gurnett, 5d to si-d; groper (small supply), lljjd; bine cod (small supply). 10d; red cod, 15s per large case.' DIVIDEND ANNOUNCEMENTS. The directors of Bycrofts recommend a. final dividend of 4 per cent. Dalgety and Company Ltd. has received advice from its head office of the declaration of an interim dividend of 2s 6d per share, less British income tax, being at the rate of 5 per cent, per annum, less «H inrnme tax. Broken Hill South Ltd. has declared a. dividend of 6d per share.