SHARE MARKET

Evening Star, Issue 26067, 3 April 1947, Page 3

SHARE MARKET

EXCHANGE CLOSED TO-DAY REOPENING ON APRIL 14 An odd parcel of Standard Insurances touched "a new’high point 0f,;95s ; 'iri [ the room this morning, with -filial unansTvered buyers quoting 935. ' Other sections showed jittle change, hut business was brisker. The Exchange closed at noon to-day, and will reopen on April 14. Selected quotations are as follows: —

SALES ON ’CHANGE: THIS DAY; " Dunedin.—Sales reported, late yesterday: 3 : per cent. Stock, 1952-55, £IOO (£300); 3 per. cent. Stock,; 1960-63', £IOO 12s 6d (£250) ; Dunkm Rubber Aust., 37s 3d (100) ;. Con-, solidated Brick. 17s 6d (100). Oil ’Change': Woolworths Ltd. (rights),- 19s 6d. (74): Williamson, Jeffery Ltd., ,25s ,(100, - unlisted). Sales reported, this morning:, 3 per cent. - Stcck, 1957-60,' £IOO 10s (£1,000); National • Insurance, 29s (100)Australian Found*.-' tipn Trust (rights) [ 8)d (200)-; Cox Bros., 11s (100); Dominion .Fertiliser, 29s (200); Dunlop .Australia, 375, 34. (100); Milburn; Lime, 37s 6d (100 and 100). On ’Change:. Standard Insurance, 95s (68)*. -i . Auckland.—Northern Steam,, 12s; Broken; HiH, 51s; Dunlop Rubber (Aust.), 37s 6d': Fletchers, 38s; Mark Foy, 51s; National Savings (.June, 1950), £lO2 2s 6d; New Zealand Stock, 3 per cent. (April, 195659), £IOO 17s 6d. ■Wellington. Farmers’ Trading, 395: Dunlop (N.Z.) Ltd. (pref.), 11s 9d; M4Cduffs’ Ltd. (pref.), 27s 6d; 2J per cent. Stock. (1949-50), £9B 7s 6d;, A.C.1.; 61s. Reported: 4 per cent. Stock (1949-52), £lO3. Christchurch. —Wool Bonds. (1949), -21 s 6d; Dunlop (N.Z., pref.), 11s 10fi. Reported : N.Z. Stock, 3 per cent. (1952-55), £100; 3 per cent. Stock (1955-58), £IOO 2» 6d; Dominion- Fertiliser; 295; Milburri Lime, 37s 6d (2); Selfridges (West Australia),. 22s 6d. ■ ', . . ■ - DIVIDENDS DECLARED: The Bartholomew Land and Timber Co. Ltd., Hamilton, has declared an unchanged interim dividend of 3 per cent. Last, year the final payment was 4 per cent., making a total of 7 per cent, for the year. General Industries Ltd., Australia,bqf , declared final dividends of 3£ per cent, cii preference shares'and 5 per cent, jon ordinary shares, payable on April 30. The year’s ordinary dividend is , 10 per : cent, unchanged. The board of directors of Imperial ChenUr cal Industries Ltd., London,' has recommended,a final dividend on ordinary stock. . of 5 ptr cent., making 8 per cent, for 1946 (unchanged), and, further, a bonus of 2 per Cent. The final, dividend and bonne are payable on June 16. The annual.meeting is to be held on May 8. PROPOSED BANK MERGER In terms of the proposed merger with the Queensland National Bank: Ltd., shareholtl- • ers of the National Bank of Australasia Ltd. will be asked at a meeting on April 20 to agree to alterations in. the share structure’of the -bank’s: capital.- It .is'.proposed that each' of < the £lO ...shares be divided, into 10 shares.''of £1 e4cbv;,and that cach. of the £8 shares inio ei»ht shares'of £l-each: hut ;so, -thatjvedch £f share-derived ( £B.;share j i>isUed and paid -up to £sshall;;be,cred:ted ,as ■paid up to 12s ,6di'v 1 WOOLWORTHVIW.A.),JSSUE.,‘ / ■Woolworths ; (W.A.) -‘Ltd)-;Wia new issue of 23,722 ordinary: shares. At-£1 caoh at par. The-shares will .be' offered to ordinary shareholders on the-'-basis ot one for every four. held.. This-.ii'the second new issue of the iWoolwortlis? organisation to be made at pat recently, company having offered, 1,116,499.5har?s of 5s each, also at-, the rate: of one fqr. four; The present icapital of; the 'W-A;. company is £114.890, of , which £94,890 is ordinary and £20,000 is 8 per,cent, preference. The market lately in Australia has- been offering 97s 6d for the ordinary shares. At this price the rights are calculated to .be -worth about 625. At the, ex-rights pric*. of 82s the yield, with dividends at 14 per . cent., would 'be 3.4 per cent.; The . new shares will rank fully for dividend -alter July 15. . • ■: -

Buyers. Sellers. Banking— £ s. d. £ s. . d. Commercial , 1 2 6 1 3 3 E.S. and A. ... ... 8 0 0 — National N.Z. 3 14 0 — Union ...: ... ... Insurance— • , 13, 2' 6 ■ — National , 1 8 9 1 ,9 6 New Zealand 5 0 0 ■ Standard 4 13 0 . —. Shipping— H’t. .Parker (ord.) ... . H’t. Parker ..3 3 0 3 11 0 (pref.) ...... 1 10 0 . 1.13 6 P. and 0. 4 10 ■0 . Meat— 110 ' Gear 0 1 13 0 N.Z. Refrig. (paid) .... ... N.Z. Refrig. 1 18. 6 0 18 (cont.) ...... Southland Froz. 0 18 3 4 (ord.) 3 7 0 3 9 0 Waitaki Agency— 8 2 6 8 12 .6 Dalgety '... ... 11 11 0 — Nat. Mort. “A” 5 0 0 5 8 0 L. and M. (ord.) 120 00 — Perpet. Trus. 2 3 0 2 8 6 Trustees, Exec. ... ' 5 16 0 — Breweries— Ballin’s 1 16 o 1 18 0 New Zealand 2 19 0 2 19 9 Dominion ... ... 3 10 3 3 12 6 Dunedin 1 17 3 — Westland 2 4 0 2 6 6 Coal— Kaitangata 1 0 0 1 5 0 Westport 1 12 0 1 13 0 Woollen— / Bruce (ord.) ... ' 2 7 0 2 7 T Mosgiel ...- ... ... , 15-0 0 • • — f Timaru ... Miscellaneous— ' , 1 5 0 • British Tobacco ... 2 14 0 2 17 0 , B.H.P. ... -2 10 9 2 11 6 Consol. Brick 0 17 00 18 0 D.l.C. (ord.) 1 9 6 , i ii 0 D.I.C. (pref.) ... 1 10 0 1 12 0 Dom. Fertiliser *... 1 8 9 1*9 6 Donaghys ... ... 3 7 6 3 10 0 Dunlop, N.Z. . ' r (ord.) ... ... Dunlop, N.Z. 0 11 3 0 11 ;6, (pref.) ... ..; o ii 7 0 12 0 Fletcher’s (ord.) 1 176 1 18 6 G. J. Coles ... ... 4 13 0 4 16 6 Macduffs (ord.) ... 1 17. 0 1 17 9 Macduffs (pref.) i r 3 McKenzies 3 8 0 - — McLeod. Bros. ... 29 0 0 31 0 0 Nat. Electric 2 9 0 2 13 0 N.Z. Forest Prod. (ord.) 0 5 0 . . 0 5 2‘ N.Z. Paper Mills 2 6 3 2 8 0 Wilsons Cement ... 0 19 3 . 1 ,-,0 .9, Woolworths N.Z. 1 10 0 * _ Woolworths Syd. 1 .5 6 1 6 0 Mining— B.H. South 1 13 9 1 15 0 Emperor ... ... 0.17 0 0 19 0 Mount Lyell 1 6 0 17 3 Mount : Morgan ... 0 8 0 0. 90