COMMERCIAL

Grey River Argus, 14 February 1940, Page 9

COMMERCIAL

STO CK; EXCHANGES, I Per Press Association], CHRISTCHURCH, February 13. Sales reported: Bank of New Zealand (late yesterday) 41/9, Woolworths Holdings 16/-. WELLINGTON, February 13. Sales: New Zealand Breweries £l/ 17/- (3),.Broken Hill £2/14/- (2), Mac Duffs Ltd, ordinary 4/5 (3), Mount Lyell £l/16/-. Sales reported: Three per cent. Stock 1941 £99/2/6, New Zealand Breweries - £l/17/- (2 ’, Broken Hill £2/14/-, G. J. Coles £4/2/9 (2), Northern Roller Mills 19/-. WELLINGTON WOOL APPRAISEMENT. WELLINGTON, February 13. The Wellington Woolbrokers’ Association report that the third appraisement commenced (Fa February 7, and concluded on February 11. Approximately 34,500 bales of greasy and 2,237 bales of slipe wool were valued. Owing to the unfavourable pastoral conditions experienced from autumn till spring, appraisement, in general, was Jjar below normal standards, both growth and' colour. Many noted Wairarapa clips were very disappointing being thin in staple and inclined to be tender and off in colour. Lambs’ wool was in plentiful supply and in contrast to the ewe wool was fairly well grown, the lambs having evidently done well in the spring. Many parcels ranged from 14d. to 15Jd. per lb., with ah odd lot at 16d. The next appraisement on March 15, will practically clean up the season’s clip from this district. It will mainly consist of back country clips and cull ewe wool from the Down lamb trade. DIVIDENDS ANNOUNCED. WELLINGTON, February 13. , The Stock Exchange Association has received the following advices:— Quill Morris (1936) Limited, final dividend 2i per cent., making ; 5 per cent, for the year. Canterbury Saleyards Company, Limited, final dividend 21- per cent., making 7j per cent, for the year, payable on February 14. Williams, Adams nad Company, Limited, interim dividend of 81d per share, payable on March 1. The directors of Huddart, Parker Ltd., Melbourne, have declared a final dividend of 3 per cent, on preference shares and 7 per cent, on ordinary shares, payable on , March 16. The preference payment for the year ended December 31 is unchanged at 6 per cent., while the ordinary distribution is 14 per cent., compared with 12 per cent, and a bonus of 2 per cent, in the previous year. ?