Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image
Article image

COMMERCIAL

STOCK EXCHANGES. [Per Press Association.] AUCKLAND, December 2. Sales, 10 o’clock call: Bank of New Zealand 40s lOd, 40s 95d; Devonport Steam 20s 9d; New Zealand Breweries 38s 9d; Henry Jones ex-div. 48s 9d; ; Woolworths (New Zealand) 18s 10id; (Sydney) 20s lOd; Stock, March 3943, 3i- per cent., £97 12s 6d, 15/5/49-52, 4 per cent., £97. Unlisted: Woolworths Properties 25s 6d. Sales,. 12.15 o’clock call: Broken Hill Pty. (2) 565; Consolidated Brick 7s sd; Dominion Fertiliser 23s 6d; Mac Duffs 4s; Stock, 15/2/43-46, 4 pei’ cent., £9B 10s; City of Auckland 1/1/44 £lOO ’los. WELLINGTON, December 2. Sales, morning call: Australian Glass £5; Broken Hill £2 16s, £2 16s 3d; Felt and Textiles £1 Ils 3d; Woolworth’s Ltd., ordinary £1 0s lOd (3). Sales reported: Australian Consolidated Stock, 4 per cent., 15/11/41, £lOO 12s 6d, £lOO 13s 9d; New Zealand Breweries £1 18s 9d; Broken Hill £2 16s 3d, £2 16s; Woolworth’s Limited, ordinary £1 0s lOd; Mount Lyell £1 9s. Sales, noon call: Four per cent. Stock, 1946, £9B 10s; 4 per cent. Stock, £9B ss; Taranaki Oil 12s 6d; Macduffs (ord.) 4s. Unofficial list: Woolworth’s Properties 25s 6d (3). DUNEDIN, December 2. Sales: Crystal Ice £1 17s; New Zealand Drug £3 5s (2). CHRISTCHURCH, December 2. Sales: Commercial Bank of Aust. 15s lid; Bank of New Zealand 40s 9d; Taranaki Oil 12s 6d (6); Woolworths (Sydney) 20s lOd, (2); Mount Lyell 28s Bd. Reported: Bank of New Zealand (D. Mortgage) 265. SYDNEY, December 2. Bank of New South Wales £29 13s;' Australian Glass £5; Electrolytic Zinc 45s 6d; Felt Textiles 31s 6d; Lustre 20s 3d.

RESERVE BANK REPORT.

A further fall of £200,835 in the sterling exchange holding of the Reserve Bank is shown in the bank’s return for the week ended November 28. The reserve stands now at £4,828,302 in New Zealand currency. The bank’s return is balanced at £24,976,207, or £134,503 more than at the close of the previous week. The note issue has increased by £91,092, and there has been considerable movement in deposits. Those of the State are £769,424 higher, and those of the banks have fallen by £411,795. Other demand liabilities are lower by £321,208. On the assets side, the only movement of note beyond the decline in the sterling exchange reserve is in advances to the Primary Products Marketing Department. These have risen by £323,410. The proportion of reserve to notes and other demand liabilities is 32.685, compared with 33.723 a week ago.

LOAN COY. PROFIT. LONDON, December 1. The New Zealand Loan and Mercantile Agency, Ltd., reports a profit of £82,365; balance from last year £39,762. Dividends, preference five per centum, ordinary two per centum. Carried forward £47,127. LONDON BUTTER PRICE DECLINE LONDON, December, 1. Butter: New Zealand choicest salted /103 a 105 s; unsalted, unquoted. Australian salted 102, 103 s; unsalted, 104 s. Cheese firm: New Zealand white and coloured 68s; Australian white and coloured, 645, 655. TINGEY’S DIVIDEND. WELLINGTON, December 2.

The Stock Exchange Association has received the following advice: R. and E. Tingey Company, Limited, advises an interim dividend for the halfyear ended September 30, of three per cent.

BRITISH TOBACCO. WELLINGTON, December 2. The British Tobacco Company has advised having declared a final dividend on ordinary shares, making ten per cent, for the year ended October 31, 1938; also an interim dividend of two per cent, for 1939. NATIONAL BANK OF N.Z. DIVIDEND. WELLINGTON, December 2. The Board of Directors in the Nation Bank of New Zealand Limited, order the payment of an interim dividend of two and a half per cent, less United Kingdom income-tax at 3s. 7d in the pound, in respect of the year ending March 31, 1939, and payable in New Zealand on January 4, 1939. Thi s distribution is equivalent to 5/1/9 per cent per annum in New Zealand currency.

BRITISH TOBACCO CO. OF AUSTRALIA. (Received December 2, 11.16 p.m.) SYDNEY, December 2. The nett profit for the year of the British . Tobacco Company of Australia amounted to £911,478 as compared with £911,386 for the previous year, and £667,761 in 1935-36. Four interim dividends of two per i cent have been paid, and a final dividend of two per cent has been declared, making ten per cent on the ordinary shares, and absorbing £813,446. A preference dividend of 6i per cent absorbed £96,507.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/GRA19381203.2.89

Bibliographic details

Grey River Argus, 3 December 1938, Page 12

Word Count
722

COMMERCIAL Grey River Argus, 3 December 1938, Page 12

COMMERCIAL Grey River Argus, 3 December 1938, Page 12

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert