STOCK EXCHANGES

New Zealand Herald, Volume 78, Issue 24104, 24 October 1941, Page 3

STOCK EXCHANGES

YESTERDAY'S SALES RETURN ON INVESTMENTS In the following list of yesterday's sales, yields allow for exchange and .British income tax where necessary, and, in the ease of loans, redemption and brokerage, but; no allowance is made for social and national security taxes on dividends on which these arc payable:— AUCKLAND EXCHANGE Sale Price Rise or Yield £ s d Fall £ s d ißank N.S.W. 2H 10 0 X.Z. Insce. . 3 10 6 -Hid *3 10 11 X. Kins <pf.) 012 (> +lH(id X AI. Steel (X.Z.) 1 15 0 ... 5 8 7 sßroken Hill 2 0 o -yd 3 15 0 Ditto . . 2 0 6 3J4 1 Mc Kenzies (odd lot) . 2 1 3 -MV'al -1 10 5 X.Z. Kerf. . 1 o 0 W'wths («Syd.) 016 I -7d 5 7 2 Also.—Auckland Gas, perpetual stock, £O3 (odd Jot); Broken Hill Ply., 40s (id (odd lot); I'ria Hill, Is 2d; Mount Morgan, 8s lid. Wellington.—Wellington Gas, 31s; Dominion Breweries, .'! 1s; Timani Woollen, 10s; SColonial Sugar, t's2 ss; §M'c.Kenzies, -1 Is fid; N.Z. Paper Mills, 31s 3d; Woolworths (Syd.), I (is 7'/ad. Chrlstchurch.-—Dominion Breweries, 31s; X.Z. Drug, 80s 3d, 80s 6d; Wilcox if off I in, o» Sd; Mount Morgan, 9s. Dunedin. —'Ellesmere Power Bd., 1/10/66, :i'/2, £ I (10 10s; Bank N.Z. 40« 1 '/A, 40s (2); Donaghy's Ropo (con.), 35s (2); N.Z. Newspapers, 335; Woolworths (N.Z.), Ms 3d. SSc.iles after hours on Wednesday. 'lncludes bonus. in arrears. SLIGHT SYDNEY RALLY LKAOIXG INDUSTRIALS SF.LL (Reed. 8.30 p.m.) SVDXKY, Oct. 23 Share prices rallied slightly on the Stock Kxchange to-day, but tradiuir was restricted lo leading industrials. Sales included: —Bank Xew South Wales, 125 His; Commercial Banking Sydney, l'l<i 10s; F,., S. and A. Bank, Xew Zealand delivery, 7S.s 3d; British Tobacco, 15s; Dunlop Rubber, 22s lOd; General Industries, 19s; Kamlos Cement, 31s Od; Wilcox-Moffliu, 10s; Woolworths (Syd.), Jss Hid; Placer Development, (>ss; Emperor, ex dividend, lis -Id; Loloma. 24s Hid. LOWER LONDON LEVELS R ECENT WAII ] NFLUENCES I/ONDON, Oct. 21 The London St-ock Exchange was generally depressed during the last week. The outstanding feature was a slide in prices of Japanese bonds. The, German thrust toward Moscow, the resignation of the Japanese. Cabinet, arid signs of increasing tension in the Pacific, proved too much for even tho most incorrigible "bulls," and, without selling pressure, prices throughout moved to lower levels. This was all to (he good for the Stock Exchange. Impressions of an early victory, trumpeted through the country, tended to obscure tho need for maximum effort and sacrifice, so much so that even conservative quarters in the City canvass the possibility of intervention by the authorities to limit the transferability of securities. AUSTRALIAN COMPANIES DIVIDENDS AND PROFITS NORTH BROKEN HILL YEAR The increase from £307,418 to £492.621 in the profit earned by North Broken Ilill, Limited, for the year to June 30. is attributed by tho directors to higher metal prices, an increase in metals recovered, and a rise in investment incomes. These gains were offset to .some extent by a rise in mine expenditure. The directors of Australian Alloy Steel, Limited, have had under consideration a scheme for the consolidation of the company's assets with tiiose of the subsidiary, Hadfields <Aust.), Limited, and they intend to submit details to shareholders at the next annual meeting, or perhaps, beforehand. The parent company showed a loss of £331 in the year ended June 30, compared with a loss of £lB4 for the previous year. Hadfields had a much improved year, net profit of £6372 being an increase of X' 5153. The value of sales showed an increase of more than 75 per cent. United Provisions, Limited, and its subsidiaries, show a profit of £133,155 for the year to September 30. against £53,850 in 1010. Dividends are S per rent bn preference ■•hares, and l per cent on ordinary shares. Last year, ordinary dividend wasd'/J per rent. An increase in profit from £131,001 to £155,82 1 i.- shown by Australasian Paper and Pulp Company, Limited, for the year to September 30. Unchanged dividends of S per cent- on preference and ordinary shares require in all £151,330, leaving £22,821 to be carried forward, against £18,330 brought in. Cumberland Paper Board Mills, Limited, -hows net profit of £15.031 for the year ended September 30, an increase of £7261. Dividend at an unchanged rate of 8 per cent on the ordinary and three classes of preference shares requires £10,551, and the carry i forward is £3083, against £IOO3 brought in. Net profit of £07,023 against £60.100 (in 1010, was earned by Washington 11. Soul. I'attinson and Company. Limited, in the year ended July 31. Dividend is 10'j per rent, ineluding final SV, per rent, and requires £10.305. Bonuses of approximately 4.58 per cent amount to £20.212. The total of 15.08 per cent compares with 12.06 per cent (bonus 2.00 per cent) last year. Burns, Philp and Company, Limited, Sydney. has declared an unchanged interim dividend of 5 per cent, payable on November 15. Herald and Weekly Times. Limited. Melbourne, has declared a final ordinary payment of 6 per rent, pins a bonus of 2 per cent, making I 1 tier cent, unchanged, for the year. The year's preference dividend is 0*' 2 per cent and B preference 6 per cent, both unchanged. Payment will be made on November 28. BUTTER-FAT YIELDS 95,383 WAIKATO COWS TESTED (0.0.1 IIAMILTOX, Thursday The Auckland Herd Improvement Association tested 2000 herds and 05,38,' i cows last month, the average production being TOslb. of milk and tit . lib. of butterfat per cow. For the same month last year, 2014 herds and cows were handled, the average yield being 8431b. of milk and 37.51b. of butterfat per cow/ In September. 11)30, 1 too herds and 65.300 were tested, the production equalling 0771b. of milk and 29.21b. of butterfat per cow. The highest group last month wa- Waitoa- Sprinjrdnle, the 2053 cows in the group averaging 7s lib. of milk and 371b. of butterfat. The best herd was at Kawhia. the 37 cows comprising it giving an average of 5 lib. of butterfat DISTRIBUTING TRADE STABILISED TEA PRICES Distributing merchants report a fairly heavy flow of orders in view of the approaching Ions; week-end. Deliveries of general goods on November account to town and country will be commenced on I ucsday. Tobacco deliveries for the fir-t half of November to town and country will be made on October t. Tea.--Merchants have received advice of Ihe tea price stabilisation plan, which is now in operation, and no internal price alteration- are likely for at least the next three month*. There was only a small sale at Colombo this week and all eHides are 11 p by t':,d to 2d per lb. Only a nominal quantity is listed for next week's sale. Canned Fruit. Since licences were granted for canned fruit importation-, merchants have been able to get confirmation of order- oicr,en.». and il is hoped that supplies will land in time for Christmas business. IMPORTED PICS PRECAUTION AGAINST DISEASE (BY TP. I. K< ill A Pit WKLLIXOTOX. Thursday As a result of the discovery of the disease kidney-worm in pi<rs imported from Australia, amended stock importation regulations gazetted to-night impose further restrictions on the importation of pigs from the Commonwealth. In addition to requiring a permit to import pigs, the amending regulations call for a certified declaration that kidney-worm does not exist in the locality where the pigs were bred or raised 111 Australia. SILVER AND TIN RATES LONDON, Oct. 22 Silver is quoted at 23V,d an ounce standard and 25.'„ d an ounce lino, against 23 7-lOd and 25 5-1 Oil yesterday. Tin. Spot : Buyers, £255 15s a ton; sellers, £250. Forward: Buyers, £25!) ss; sellers, £250 10s. BORING FOR OIL [ 1!V TKI.KO H A I'll —I'ttKsS ASSOCIATION"] OISBORXF, Thursday The Xew Zealand Petroleum Company reports that the Morcre bore has advanced to 0130 ft, and o"'„in casing has been run and cemented at 6107 ft. Drilling will be resumed -hortlv. The Midhurst bore is at a depth id' 0120 ft. There is no change in the formation. LEVY ON CALFSKINS [ lIV Tt:t.ECK Af H PI! ESS A SNi)( IA Y lON ] WKMiTXGTOX, Thursday The export levy on calfskins (other than freezers) has been increased by 3d to 4d per lb.