SHARE MARKET

Evening Star, Issue 26081, 21 April 1947, Page 6

SHARE MARKET

QUIET OPENING STANDARD INSURANCES SELLFCR »S/I The Dunedin market-opened* quietly-Ihit morning, with few distinctive.: changes. Standard Insurances were better ,on • busi- .. ness at 95s 6d, end stronger purchaser*' oalne forward for Sydney iWoolworthsl Selected quotations, ere as follows:

i SALES ON ’CHANGEt/jFHIS PAY. Dunedin.—Sales reported.: Standard; In- • surance, 95s ;6d (10Q, f l*te Friday).;'Bruce, v Woollen (ord.), 47$;'<84* (10Q).i IDtagp Daily .: Tihies,’ 57s ,6d '(50). “ On. ;?Change;' Wool*, worths Sydney, 24s 9d (100}. : -. : • Auckland'. —Morning; call:' Uiiibn Bdnki ” £l3' 7s 6d f Huddart,:-Parker,;67a:6dl; :ÜBiou.f Steam, 33s 10id; Australian - Consolidated • Industrips,-;®* ,6d Colonial Sugar, £57; -Gy, J»,- Coles,. Ssa,;'; Stock,' 2i per' cent., October, 1953, £96 15* and £96 12s 6d; Stock, 3 per cent., ber, 1953-56, £IOO 12s'6d; Stock. 4 per' cent., May, 1949-52,:<£103 2s 6d, Unlisted*; Selfridges (N.Z.),165. , Noon sales:, N.-Z. Insurance, £s ( '3s 3d; New'Zealand News- ■ papers] 52s 6d. Unlisted: Selfridges (N.ZJ,; 16s.' • •*/ ' ’ • ' • , f . • Christchurcli.—Stock, -2\ per cent.,-1949-51, £97 17s 6cL; Standard Insurance, 95s 6d.{. Goldsbrough' ‘ Mort, 37s 3d., Reported * • Auckland Gas (perpet. debs.), £9O M*{“ Commercial 1 Bank of Sydney, £25 10q; ’- Goldsbrough'.Mart, 37s 3d ; Felt -and Textiles (Australia), 61s 3d/ Wellington, 'Four .per ,cent,i Stqck, 1952-55. £lO5 2s - 6d; Commercial Bank: of Australia (pfefJ] £H 6s'; Natiohal Bahk ofNew Zealand, 775? Dunlop (N.Z.) Limited (pref.), Us 9d,i Reportedj-Tfiree per cent. • Stock, 1953-56] £IOO 12s 6d; 3'per. cent. Stock, 1955-58,‘£100; Natrohal ’Bank of New Zealand,--76s -6d : Dunlop - (N.Z-) ’ (ord.), -11 s; Dunlop (pref.), 11s 9d. ' ■ ' MEAT SCHEDULES. " J (P-.A.) '' ’’‘ WELLINGTON, April‘l9.-, ; The New Zealand Meat'Producers”Bdayd. - advises; that: wqther and ewe schedules' hi the Sduth’ Island will :be increased;, by per lb from Monday, April 21. 'The increase is accounted for by; the increased: growth of wool. ‘ ’ MOUNT MORGAN PRdFJT.. - Mount Morgan (Queensland); reports ,* net- p,r<>lit> of £4.742. aftey proyidmg ,for overhead expenses and depreciation, forith<. four weeks ended April 6.: In the .previous period - ar- net loss~ of * £10,484 ' was- ‘made, including -.£3,500; transferred " ; from-:’ contingencies reserve. , , • \, . . ’ ; DIVIDENDS'DECLARED.' • •] Dalgeiy and Co.‘‘Ltd.;, London, ti*s' declared an interim'dividend of 3s fidashare; or.3i per. cent,,:, less -Britjsh-income ‘tajq'’ payable on: May 22. In, ihe yearthe co’mpany paid an; interim dividend ,-of 3s a share, with a ■ final l payment: of 5a • 6d; making 8s 6d a share, or Si mper cent.;/ . less British income iax/for the year. l , -The Bank of, -Adelaide has ceclared/an' interim', (dividend . .of.R}.:»:periepnW.. against 21 per cent, last year, *when Jhp-. total distribution ‘was 5 'per cent.i- v ” ■ The Oamaru Worsted'and’ Woollen- Mult - Ltd, ia-paying an unchanged-, interim’: divl- ' dend: of 3 .per cent],on May ; 16, 1--. *--•. j-/:-' ■ MACKY, LOGAN YEAR. • An increase in ■ net profit of £6,037: ‘t# £12,483 is ' 'shown -in.- the accounts ,of - Macky;* Logan,« Caldwell 'Ltd-.: for: the .year ended 'Feh3ruary : ,::l9. An'T unchanged, .divir • dend of 7j per cent. for. the year,, (final _4fc per cent.) ‘absorbs £6,375,, leaving £6/108, to' increase the carry-forward' tp £20,000f Gross profit, factory' profit, ’interest/: et£., . yielded .£131,724, -against - £122,376 in . th* previous year. . Expenses’; . including..-pro-vision for taxation, .were. £lll),24lf!.,coin?r pared with £115,929. , . . . A sum of £lo,ooo] being aportion: of the company’s reserve fqr bad debts.no' longer required in the present circumstances, has- been transferred .to reserve, raising this fund to’.-£55,000/

Buyer*. Seller*. £ ». d. •£a. ? d,' Banking— r ‘ Australasia 13. .5-Of ' ~ '• - . N.S,W '•... 40. O' O' Commercial'' ... 1 2' 4" - 13 1 . insurance— ■ Kational- ... ... 19g 0 1. 9 6 Standard ... .... 4 15 0 4 16 0 .Snipping— - ■ • • ~ ~ ' w * H’t. Parker'(ord.) - 3 5 0 3 12 0 U.S.3. Co.' (pr«f.) 1;13 10 114.3 Meat— N.Z. Refrig, (cont.) ... '... 0 18 4 - ’ Southland: Frozen • •0 185 (ord.)...., ... . ..... .3 7 .0' « 3 10 0 Southland Frozen ' , ' ' (pref.) ‘ ..." 3 : 7.-. 0y 3 10 0 Agency— • - ' Dalg.ety ... •. ... • r . 12;; 5 0 > Nat. Mort. “ A 5. 0 0 : 12 10.70 .5 90 Nat.' Mort.' ’• B ” 2 10 0 W.S.. (ord.) ... . ... ; 1 18, 0 ... 2 0. 0 Breweries—/ .. .. >. ■ - ■-1 r rV-'* ' Baltins T 16 ft-.-.. ' 118.0 New,' Zealand ?•••, Z- 18 6" 3 0 0 Woollen— rr . * : Brpce i (ord.) ... , 2 .7. 0 >• 2, 8/0 Bruce (pref.) 1. 9 • 0. „ .V... ,/ , Mosgiel ... ...' ... 15; 0 0 1 ■ “ Miscellaneous— > • British Tobacco. '2.14-. 3 2 17 6. BCH.P. ... ... ... 212 0 .. 2 13.. O. Dorn. .Fertiliser ... .1 8 9 l- 9'.i',v DonaehyV ... '...-3- 7 6' 1 3 10 O' : Dunlop N.Z. (ord.) . 0 10 6 • o ni''3 ' Dunlop, N.Z'. r ' \ ' . o i2 o ; -(pref.)' * ... ' 0 11--i Felt; .Text., N.ZL' . 3 0,0 r3 •: Felt., - . Text. '; (new).. ,-3 0.6-, Felt, . Tex. < (pref.) » ,-r ;i 9.,o , Nat. Electric ... ?10>0. , .213,6 . N.Z, IPaper Mills 2 6..9. 2 8 0 ' (y.D.T;* ■ ... : 2 17 0 2 18 6 . Woolworths. N.Z; 1 10.-. 9, ' -111 3: Wbolworths Syd. 14 6 1 5-0 •• , Woolworths, S?d: , 0 19; V .(rights) . ...... 018 3_ Mining—, v ; i; .. , Mount Lyell , ... 1 6 6 - i . . Mount _ Morgan ... 0 8 ; .3 ... 0 9-0.