STOCK EXCHANGES

New Zealand Herald, Volume LXXVIII, Issue 24000, 25 June 1941, Page 3

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS in the following list of yesterday's sales, yields allow for exchange end j British income tax where necessary, j and, in the case of loans, redemption and brokerage, hut no allowance is made for social and national security taxes on dividends on which the.se are payable: AUCKLAND EXCHANGE

Also. -Birkenhead Xorthcote Gas, 1 s Ti. <v i Hi>.« 'JO pit cent/, €*o; Rcid Rubber 'ritrhlsj, :is id. Wellington. fMork. I •"> fi' j, ,'J HH 17- (Hi; ditto, !.]<!! l.">s 'odd lol) ; ditto, I.V I/lit-ID, 4, i 1 iKi !.'>>; Bank New Zealand, ,'ifis; National Mor 1 prajre, 31s G. J. ■ <)!(■.-. »;■_»<; Woo', wort lis (Sydney), His Id. Christchurch.- Bank Xew Zealand, 3G.«; X.Z. Insurance, nts; 51'nion Steam (prcf.), 20!s 'id; 'J'irnaru Woollen, lis. Dunetlin. -Slock, 1,"./1 /."i.'Ku, 3'*'i, £lOl 15s; X.Z. Breweries, Is <sd; X.Z. Drug, 775; Woolworths (X.Z.), 13s Id; Mount Lyoll, 2b's fid. § Sales after hours on .Monday. 'interim dividend deferred. AUSTRALIAN TRADING IXORKASK IX CONFIDENCE (Reed. S p.m.) SYDNEY, June 21 Buying confidence has been strengthened by the latest war developments and turnover on the Slock Exchange expanded considerably to-day. Sales included: Bank Xew Sotlth Wales, VJ'i IT.-, I.Y-; National Bank ft Ills, Ml lis fid; Union Bank, Ui Ills; Com uiercia 1 Banking Sydney, t'l7 12s; Tooths, .jus 3d; Tooheys, '_>s> :',d; Australian Gas A, !)(!>; Anthony llordern, 13s 2il; Broken Hill Ply., 3Hs fid-, Colonial Sugar, Vl7 12s (id; Standard Cement. IDs (id; Farmers, 21s 3d; Morts Dock, 20s; Taubmaiis. fs.s !id; fvonpral Industrie;. 17s 3d; j Electrolytic Zinc, 51s; ditto (rights). 28s fid; North Broken Hill, 37s fid; Broken Hill South, 20.5. Melbourne sales included :—Commercial Bank'. 12s lid; National Bank (£">), .£5 lis; Goldshroneh-Mort, 21s fid; A.C.1., 42s fid; Dunlop-Perdriau, 20s od; Loloma, 21s 3d; Emperor, 10s Sd. CONSOLIDATED BRICK YEAR'S DIVIDEND 2 PER CENT A net profit of £11,172, against .C 10,5-19 in the previous year and .€28.-122 in 193!), is reported by Consolidated Brick and Pipe Investments, Limited, for the year ended May 31. The year's profit is almost entirely composed of dividends received from subsidiary companies. The directors propose a dividend of 2 per cent, absorbing £'11,171, and as no interim dividend was paid this is the full rate for the year and compares ' with 3X per cent last time and .1 per cent in t!»:•!!>. A balance of isl'2."i will be Carried forward, nsrninst ,tSl2s brought in. The trading companies have written off depreciation amounting to ,l'2fi,sfi.j, against 1 for the previous year. Repairs and replacements' over the year cost £20,120. the average amount spent yearly since the company's inception being £-12,082. Additions to buildings, plant and machinery necessitated by new lines and methods cost £'lll,lol. The accounts of (he parent company show £12.387 cash at bank and £7005 on loan at call to subsidiary companies. As at March 31, amortisation funds in trust for debenture repayments amounted to £72,SSI. A PROSPEROUS YEAR PRIMARY PRODUCERS' RESULTS (O.c.i DUNE DIN, Tuesday Speaking at the annual meeting of Trustees Executors and Agency Company. Limited, to-day, Mr John Gilkison, of Invercargill. said taxation was bound to increase. The year just passed had been one of the most prosperous tor primary producers, except the high country men, and their cash position was probably better than it had been for some time. There was still a good deal of unnecessary expenditure, both public and private, and he felt that there would have to be some curtailment and a better example set by the Government if the national savings campaign was to be a success. WOOL CONSUMPTION GREAT MILL ACTIVITY Although wool for civilian use is severely rationed in Great Britain, a fairly large consumption is still proceeding:. Actually the needs of the general public are much reduced by the fact that millions of men and women are now in the Army, Navy, Air Force, and semi-military organisations which the Government supplies with uniforms and other apparel, Winchcombe, Carson. Limited. Australian woolbrokers, report. The use of wool in those instances has simply been transferred from private to Government account. In viewing the quantity of wool consumed in the United Kingdom allowance should be made for the increased consumption in the Dominions. It is necessary to view the mill activity throughout the British Empire, in which as a whole the quantity being utilised is probably far greater than before the war. Establishments in Australia, Canada. New Zealand und India are all employed to their full capacity. DEMAND FOR WHEAT Activity in the Sydney wheat market this week has been more animated than for a considerable time. Some buyers seemed to be influenced by the fear that the German invasion of Russia would curtail Russia's production capacity, and that Australian wheat would hence be in stronger demand and would become scarcer. Sales were the heaviest for more than three months. Bookings of wheat for export flour also showed a noticeable improvement, some substantial orders being received.

Sn!f i. P s 'd Rise or Fill! p Yield s d fitk.. 15/1 101 - 0 3 S 4 Dr... i:, I 10 1 15 0 + 3 05 3 6 0 Govt. !>i>;«ii CO. 100 0 0 — 3 9 <J C'it.v Aurk., 1:111- !' J 103 n 12 5 Bank i fi 0 — ■1 S 11 S.Z. I usee. . 4 0 — 3 2 (j X.X. f;n;ir. . 0 l — I T" ii ion Sli'am iprcf.) .. 1 6 5 — 7d I 3 3 SKfli;i(»iii 1 1 h J. 0 :> fi — 5 t) 8 §Do. (7s pd.) O 0 -— 7 0 (1 Broken Hill ■j 10 + Id 3 10 0 Con, Brick. 0 0 1 — 6 <i 4 AVaihi Invest.. u 1 <5 — 4 14 i) Ml. L.vcll . J fi <; +:id 7 10 1 1