NORTHERN EXCHANGES

Otago Daily Times, Issue 22269, 23 May 1934, Page 12

NORTHERN EXCHANGES

(Peg United Pbess Association.)

The following business was done on ’Changes yesterday:— Auckland. —Sales: Auckland Harbour (1961), 5i per cent., £IOB 10s (two parcels); Auckland City (1940), 5i P9 r cent.. £105; Commercial Bank Australia (pref.), £9 IGs; Bank of New Zealand (D pref.), 34s 9d; Queensland Insurance, 695; South British Insurance, 80s; Farm Auc. (B pref.), 2ls; Traders’ Finance (7s 6d paid), 2s Gd; National Timber, is; Bycroft, 475, 47a. 6d (two parcels); Colonial Sugar, £65; New- Zealand Newspapers, 29s 9d; Union Oil, 28s 6d; Wilsons Cement 28s Cd; Goldfields Dredging, 8d; Mahakipawa, 84d, 9d. BJd, fid; Mataki, 2s Id (two parcels), Waihi Junction, 4s lid. Unofficial list; Investment Executors Trust (second B), £O6; Golconda Holding, Is 5d (two parcels), Is 6d (two oarcels) Wellington—Sales: Inscribed Stock, 4 per cent. (1955), £IOB (two parcels); Commercial Bank of Australia, 16s 9d; National Bank New Zealand, 82s; Bank of New Zealand, 51s (late Monday), •)Is, 51s (three parcels); Goldsbrough, Mort, 32s 3d; Wellington Gas, 39s 3d (late Monday); Queensland Insurance. 60s: South British, 80s; New Zealand Breweries, 42s lid; Dominion Fertiliser, 17s lOd; New Zealand Fanners’ Fertiliser, 18s 9d, 18s SJd; Blackwater, 32s Cd (late Monday); Moonlight-Nelson, Sd, Sid (both lata Monday), BAd; Skippers, lid. Christchurch. —Sales: New Zealand Government 4 per cent. Inscribed (1949), £100; Commercial Bank of Australia, 16s 8d (five parcels); National Bank 01 Australasia (15 paid, cum div.), £6 10s; National Bank of New Zealand, £4 2s, £4 l s 3d (two parcels); Bank of New Zealand (cum div.), 60s 7d, 50g Cd; New Zealand Guarantee Corporation, 4s 3d; Christchurch Gas, 33s 6d (three parcelsl; New Zealand Breweries (cum div.), 4-s 3d, 42s Jd; Timaru Brewery (7s 6d paid), G s 3d; Beath and Co. 335; Dominion Builders’ Supplies, 4s 6rl (two parcels): Dunlop Rubber, i 18a 9d;, New Zealand Newspapers, 30s; Brian Boru (Is paid), Is 7d (three parcels); Goldfields Dredging, 9d (two parcels); Mahakipawa, fit] (four parcels), BJd (two parcels), fid (two parcels); Mining House Concessions (6d paid). 4|d (two parcels); Moonlight-Nelson Creek. 8d (two parcels), 7JcI, 6Ad; New Cornish Point (6d paid), 6d; Nokomai, 2s 9d (three parcels); Okarito, Ss 6d (two parcels). Skippers, Ltd., lid (two parcels). Sales reported: National Bank of Australasia (£o paid, cum div.), £6 10s (two parcels)'; Kaiapoi Woollens (17s paid, late. Monday), 10s; New Zealand Breweries, 42s 3d; Mount Lyell, 22s (two parcels); Brian Born, Is 7id. Sales of unlisted stocks: Joness Nevis (9d paid), 9jd; Industries, Ltd. (12a 6d paid), Is sd: Sun Newspapers, 3s'vßd, 3 S 9d. SYDNEY STOCK EXCHANGE (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY. May 22. Bonds—Four per cent., 1947, £lO9 7s 6d; 1953, £IOB 15s; 1959, £108; 1901, £IOB 7s 6d; Bank of New South Wales, £32; Tooths, 455; Anthony Hordern, 15s 6d; Associated News, 24s fid (preference 24s 9d); Broken Hill Proprietary, 16s 3d; Durdops, 18s. 7Ad; Goldsbrough, Mort, S2s 6d; Lustre, 22s 9d; Wilcox, Moiflm, 12s lid. ADDITIONAL SALES. (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY. May 22, (Received May 22, at 9 p.m.) On the Stock Exchange a firm tone was maintained to-day. Australian Consols were strong and there was an improved turnover in all departments. Additional sales were: —Bank of 2s ew South Wales, £32; Commercial Bank of Sydney, £l7; National Bank (£5 paid), £6 10s; Bank of New Zealand, 50s 6d; Australian Provincial Assurance, 10s 6d; Associated News, 24s fid; Associated News (pref.), 24s 9d; Burns Philp, 545; Burns Philp, South Sea, 24s Gd; Berlei (paid), 30s; Btirish Tobacco, 37s 9d; British Tobacco (pref.), 30s; Tooths (ex div.), 44s 9d; Australian Glass, 51s; Dunlop Perdriau, 18s GJdl Goldsbrough, Mort, 32s 6d; Electrolytic Zinc (pref.), 33s 9d; David Jones. 41s; Anthony Hordern, 15s 6d; Australian Iron and Steel (pref.), 22s 6d; Mount Morgan, 235; Broken Hill Propy., 46s 3d; North Broken Hill, 925; Kuala Kampai’, 17s lid; Bulolo Deposits, Is 6d; Katu Tin, 29s Od; Placer Development, £25 ss; Placer Development (New Zealand delivery), £25 ss. Commonwealth Bonds (4 per cent): 1938, £lO7 8s fid; 1941, £lO6 12s 6d; 1944, £lO7 13s 9d; 1950, £110; 1953, £IOB 10s; 1955, £109; 1957, £lO7 7s Cd; 1959, £108; 1961, £IOB 7s 6d. MELBOURNE, May 22. Commercial Bank of Australia (pref.), £9 IGs; Goldsbrough, Mort, 32s 6d; British Tobacco, 37s 6d; Electrolytic Zinc, 2Cs fid; Gordon and Gotch, 41s; Dunlop Perdriau, 18s 9d; Herald-Weekly Tiincs, 51s fid. SOVIET LOAN FULLY SUBSCRIBED (United Press Association.) (By Electric Telegraph—Copyright.) MOSCOW. May 22. (Received May 22, at 5.5 p.m.) The Tass Agency announces that the £350,000,000 loan for the second year of the second five-year plan lias been fully subscribed. The Sun’s Moscow correspondent says the loan was compulsory, Morkers surrendering three weeks’ wages. FARMERS’ TRADING COMPANY (Special to Daily Times.) AUCKLAND, May 22. The very much improved position of the company’s affairs is emphasised in the annual accounts of the Farmers' Trading Company, Ltd., for the year ended March 31. After provision for depreciation and contingencies and the pricing of stocks at a conservative figure, the net profit for the year is more than doubled, being £31.177, compared with £14,200 last year. With the year’s profit added to the amount brought into the accounts, there is £67,950 available. Dividends on the A and B preference shares and income tax have already been paid, and the directors now recommend a dividend of 3 per cent, on the ordinary capital. These items combined will absorb the year’s profit, the dividends requiring approximately £20,984, and allow approximately the same carry-forward as in the past year. The bank overdraft, which last year amounted to £121,267, has been paid off, and the bank account is now in credit to the amount of £27.256. The inmrovement in the last financial year is the first uplift in profits since 1929-30. The ordinary dividend was reduced from 10 per cent, per annum to 8 per cent, in 1031 and omitted in the two following years. In the last two years the dividends on 7 per cent', preference shares have been subject to the statutory reduction of 20 per cent.