SHARE MARKET

Evening Star, Issue 26117, 3 June 1947, Page 2

SHARE MARKET

NATIONAL BANKS EASIER BETTER OFFER FOR WESTPORT C^ALS National Bank of New Zealand had easier sellers on the Dunedin Exchange this morning, confirming the weakening trend noted towards, the dose of last week. Seller* offered to quit the shares at 775, hut even at that level buyers were hot attracted. Westport Coals were firmer, a purchaser at 33s 6d failing, to draw a response. Other quotations were generally steady on late rates. Selected quotations are as follows:

SALES ON 'CHANGE: THIS DAY.. Dunedin. —Sales reported: 3 per cent. Stock, 15/12/1953-56, £lOl 5s (£250); 3i per cent. Stock, 1956-59, £lO2 10s (£3,090). .! Auckland.—Morning cat!: South, British Insurance, 94s 3d; Goldsbrough Mbrt,'37s 3d; Claude Neon (N.Z.), -51 s; Farmers’ grading (ord.), 39s 6d; Wcolworths '(Sydney), 25s ,3d; Bulolo, £7 10s; Stock,;3 per ;cent. (August, 1951-544,, £IOQ-J<!*'*fc?mrrv.r; •" ChristchurchWoolworths (Sydney)2ss 2d. Reported: Stock, { 3i per cent. (1953-57), £lO3 10s; Hadfields, 10s 6fi. ' . \ DIVIDENDS DECLARED. . Queensland National Bank.—ln accordance with the arrangemeht for a union of the Queensland National Bank with ' the National Bank of Australasia Ltd., » dividend of 1J per cent, was declared by tfje, directors of the Queensland Bank. The dividend is payable on June 26 to shareholders on the register on June 18, 1916. Transfer books will be closed from June 19 to 26, both dates inclusive. F.A.M.E. Insurance!—The directors have recommended the payment of an annual dividend of 5£ per cent, on the preference shares and 3 per cent, on the ordinary shars, payable on July 1, 1947. Transfer books will be closed from June 17 to July 1, both dates inclusive. GORDON AND GOTCH. '•*„ The consolidated net profit of Cordon and Gotch (Australasia) Ltd. for the half-year, ended March 31 is £72,463, making a record profit of £138,638 for the full year, compared with £116,758 for 194546. The latest year’s profit is Struck after providing £18,479 for depreciation, against £25,950 the preceding year. The parent company’s profit of £67,950 for the half-year brought the year’s profit to £130,843, compared with £106,271 la6t year. The preference dividend of 8 per cent, for the year amounts to £B,OOO. ana ordinary of 20 per pent, (against 183 per cent, last year) to £IOO,OOO, and £9,900 has been added to reserve. The carry forward is £5,258, against. £1,208 brought in.

Buyers, Sellers Shipping- £ s. d. £ s. <3. Commercial "1 2 10 1 3 3 E.S. and A 8 10 0 National N.Z. - 3 17 0 Shipping— r - Howard Smith ... 14 0. 1-6 6 U.S.S. Co. (pref.) Meat— 1 13 6 N.Z. Refrig. (paid) N.Z. Refrig. 1 18 10. 1 19 6 (cont.) ... ... Breweries— 0 19 7 l 6 0 BaSin’s ... 1 15 9 1 17 0 Coal— Kaitangata 13 3 1 6 0 Westport 1 13 6 Woollen— Bruce (ord.) 2 7 62 8 6 Mosgiel Miscellaneous— 15 2 6 16 ,0 0 Dom. Fertiliser ... 18 6. . Dunlop, N.Z. (ord.; Dunk., N.Z. 0 10 5 0 10 8 (pref.) 0 11 4 1 0 11 9 . Felt, Text., N.Z. k; 3 2 0 Felt, Text., N.Z. (pref.) 18 3 Nat. Electric 2 11 0 N.Z. Forest Pro. (ord.) 0 5 3 0 6 0 N.Z. Paper Mills ... 2 6-0 2 7 6 Woolworths N.Z. 1 12 0 Woolwortbs Syd. 1 5 \,0 1 5 6 Mining— Mount Lyell ... ... 18 6 1 > 6 Mount Morgan .;. 0 9 6 0 9 10 North B.H. ... ... 3 13 6