COMMERCIAL

Evening Star, Issue 25634, 7 November 1945, Page 6

COMMERCIAL

SHARES NEWLY LISTED. The shares of two important Auckland companies have now been officially listed by New Zealand Stock Exchanges. They are George Court and Sons Ltd., department store, and Brent's Ltd., a company formed for the promotion of tourist traffic at Eotorua. The combined subscribed capital of the two companies is £166,700. George Court and Sons Ltd. has a subscribed capital of £150,000 in shares of £l. For the company's last financial year ended July 19 net profit was'£2o,3l7, and a dividend of 10 per cent, was paid. The directors are:—Messrs A. J. Court (chairman), T. G. Symonds (managing), J. A. Court,' H. Morpeth, and J. P.ascoe. Dealing in the shares opened at 555. Subscribed capital of Brent's Ltd., is £16,700 in 16,500 shares of £1 each and 2,000 shares of 2s each. The last interim dividend was at the rate of just around per cent, per annum. The directors are:—Sir Ernest Davis, Messrs J. D. Davys, J. Pascoe, and E. G. Guy. Buyers opened at 39s 6d and vainly lifted offers to 42s 6d without securing response from holders. LEAD AND ZINC PROSPECTS. World lead stocks were in comparatively short supply at the end of the war, said, the chairman of Broken Hill South Ltd., Sir Alexander Stewart, at the annual meeting in Melbourne. This necessitated maintenance of some control in the allocation of available tonnage, but the removal of restrictions on free dealings might be expected to follow. The Australian production of silver was still being absorbed locally, Sir Alexander continued. The outlook for zinc was promising, both for the disposal of zinc concentrates and for the price obtainable. Output for the current year would be taken at higher prices than last year. There was a strong demand for zinc metal in liberated Europe, India, and other countries. D.I.C. MEETING. The retiring director, Mr J. H. Meek, was re-elected at the annual meeting of the Drapery and General Importing Company of New Zealand Ltd. yesterday. NORTH BROKEN HILL. | A dividend of Is a share has been declared by North Broken Hill. The distribution will be payable on December 18. SHARE MARKET. The turnover increased on the Dunedin Exchange this morning, after almost bare lists- 1 yesterday • and on Monday. Prices were fairly steady, with e good inquiry from buyers. Insurance leaders were all sought by firm buyers, New Zealands being wanted at 95s and South British at 85s 6d, while Nationals closed between 25s 9d-26s 6d. Kaiapoi ords. had an inquiry at 21s after a reported sale at 21s 9d. Broken Hill Proprietaries were quoted on an ex-dividend market at 45s 3d-47s 9d, while Reid Rubber rights' had an unanswered purchaser at 8s 3d. Wilsons Cements remained weak between 18s'3d19s. .. SALES ON 'CHANGE: THIS DAY. Dunedin.—Sales reported, this mornins: Wool Bonds, 1948, 21s (£225); 1949, 20s 3d (£650); 3£ per cent. Stock, 1953-57, £lO3 5s (£400); 3 per cent.- Stock, Dec, 195659, £IOO 12s 6d (£2OO and £1,000); Kaiapoi Woollen (ord.), 21s 9d (100); Colonial Sugar, £SB 15s (5); N.Z. Drug, £5 4s (30); Woolworths Ltd., 24s (200); Mount Morgan, 9s 9d (200), late sale.

Christchurch.—National Bank, of Austral-' asia (£lO paid, Cont.), £l3 7s""-6d; Kaiapoi Woollen (7s paid), -lis sd; Reid Rubber (rights), 8s 9d. Reported: per cent. Victory Loan, 1950-51 (late sale yesterday), £97 15s; Hays, cont. (late sale yesterday),: 51s. Auckland.—Morning call: Bank of New South Wales, £34 ss; New Zealand Breweries, 475; G. J. Coles, 75s 6d;' George Court, 555; J. J. Niven, 235; Reid Rubber, 31s and 30s 9d; Silknit, 28s 6d; Woolworths (Sydney), 245; Stock, 3 per cent., 1960-63, £99 12s 6d; May, 1953-56, £IOO 17s 6d; December, 1953-56, £IOO 15s; National Savings Bonds, March, 1947, £95 10s. Unlisted: Mount Cook Tourist Company, Bs. Noon;:call: George Court, 55s 6d. Wellington.—3. .per. cent. Stock, December, -1953-56 F £IOO 12s '-6a"; New ZealandGuarantee Corporation, 4s 7d. Reported: Reid Rubber (rights), 8s 6d (2); Coles,: 75s 6d. . MINING. The Gillespie's Beach gold return for the week ended on November 3 was 270 z 12dwt. The dredge worked 117 hours and treated 15,555 yards of material.