COMMERCE AND FINANCE

Otago Daily Times, Issue 24605, 13 May 1941, Page 2

COMMERCE AND FINANCE

DUNEDIN STOCK EXCHANGE YESTERDAY'S SALES # DUNEDIN

AUCKLAND Sales ou ’Change.—Stock, 1946-40, 4 p.c. (2). £103: Stock, 1949-52. 4 p.c., £lO6 2s 6d; New .Zealand Insurance. £3 Is; Taupiri Coal. £1 Is 9d; Auckland Gas, 5s 6d; Huddart Parker. £2 5s 6d; Bycroft, £2 3s 9d: Woolworths (Sydney, late sale), 16s 3d. „ Unlisted Stock.—Auckland Meat, £1 9s. WELLINGTON , Sales on ’Change.—Standard Insurance (late Friday), £3 Os 6d; 4 p.c. Stock, 1940-43, £lOl 2s 6d; Christchurch Drainage Board, 41 p.c.. 1943, £lO2 10s; Woolworths, Ltd., 16s 3d. CHRISTCHURCH f Sales on ’Change.—N.Z. Breweries (2), Sales Reported.—Woolworths (Sydney, ord.), 16s. LATEST QUOTATIONS

AUSTRALIAN STOCK EXCHANGES (Rcc. 11.30 p.m.) SYDNEY, May 12. Investors are marking time awaiting President Roosevelt's announcement later this week, with the result that business on the Stock Exchange to-day was without a definite trend. The Morning Sales.—Bond’s Industries, £1 10s 9d; British Tobacco, £2 2s 6d; Broken Hill Proprietary, £1 19s 9ci; Colonial Sugar, £46; Perdriau, £1 0s 6d, Additional Sales.—Colonial Sugar, £46 2s 6d; Associated News. 12s 2d; Associated News (pref.), 15s 7d; Australian Gas, £5 Is' Consolidated Industries, £2 3s; Woolworths (New Zealand delivery). 15s lid: General Industries, 17s 3d; Amalgamated Wireless (cont„) £2 6s 6d; Mauri Bros., £3 7s 6d; Milliquln Sugar. £1 18s 3d; Electrolytic Zinc (pref.). £2 12s MELBOURNE, May 12. Commercial Bank of Australia, 12s 10d; Bradford Cotton, £1 19s sd; British Tobacco, £2 2s 4d; Broken Hill Proprietary, £1 19s 6d.

MINING NEWS CMJTHA RETURN The Clutha River Gold Dredging Company's return for the week ended May 9 was 48oz in 128 hours. GILLESPIE’S BEACH RETURN The Gillespie’s Beach Gold. Dredging Company’s return for the week ended May 10 was 250 z 12dwt in 127 hours (13.722 yards). The dredge master reports that he is turning the dredge to-day to work the northward cut. NEMONA RETURN The Nemona Gold Dredging Company’s return for the week ended May 9 was 240 z in 110 hours (9100 yards). NEW ZEALAND NEWSPAPERS, LTD. (Special) AUCKLAND, May 12. The accounts of New Zealand Newspapers, Ltd., for the year ended March 31 show a net profit of £41,425, compared with £45,035 a year ago. A final dividend is recommended of 8d a share, making Is 4d a share for the year, equal to 8 per cent, (unchanged). The year s dividend absorbs £39,833, leaving £45,731 to be carried forward, against £44,139 brought in. McKENZIE’S STORES, LTD. (Special) WELLINGTON, May 12. The directors of McKenzies Department Stores, Ltd., recommend a final dividend of 5 per cent., making 10 per cent, for the year, compared with 14 per cent, for the preceding 12 months. The profits carried forward from 1940 totalled £116,070, less £35,000 for dividend paid in June and £17,738 for additional taxes since paid In respect of the year ended March 31, 1940, leaving a balance of £63,332. The profits for the * year ended March 31. 1941, totalled £89,052, less £25,364 for dividends paid in December and plus £565 excess of receipts over expenses in the profit and loss account, leaving available £64,253. The final dividend will • require £25,000, leaving a total to be carried forward of £102,584. TAUPIRI COAL MINES, LTD. (Special) AUCKLAND, May 12. A lower profit and a reduction in dividend are features of the accounts of Taupiri Coal Mines, Ltd., for the year ended March 31. The net profit was £9407, against £10,592 last year, and an ordinary dividend of Is 3d a share Is recommended, equal to 6J per cent., against Is 6d. or 71 per cent last time. After providing £2908 for additional income tax for 1939-40 the sum of £2755 is carried forward, against £5661 brought in. Scott Bros., produce merchants and commission agents, registered egg and onion merchants. report: Eggs. f°' c * slgnments received on fifth to ninth m elusive, pay-out values to clients will be as follows: —Heavy, 2s lOd: standard. 2s Bd, medium, 2s 6d; pullets, 2s ld: PT S u,'ttGr' Is lid to 2s per dozen. Separator buttei, lid to Is per lb. Honey, 7d to 8d per lb; 101 b tins, 7s to 8s each: 51b bus, 4s 6d to 5s each. Beeswax, to Is 6d pel lb. Poultry:’Hens, Is 3d to Is 6d each, heavy breeds, Is 9d to 2s 6d each; ducks, Is 6d to 2s each: ducklings, 3s to 3s 6d each; roosters, is to Is 6d per bead, cockerels. Is 9d to 3s 6d each: geese, 2s to 3s 6d each; goslings. 3s 6d to 4s each. Turkeys: Gobblers, 8d to 9d per lb, hens, 7ri tn ftd i3Gr lb Fat, nominally 8s to 10s per cwt. Potatoes; King Edward, £9 to £9 10s per ton: whites. £8 per ton. Pickling onions, 6s 6d per sugai bag. Whole fowl wheat, 6s 6d to 6s 9d per bushel, sacks extra. Broken wheat to 22s per sack, s.i. Chaff. Prl T* e sheaf. £6 10s per ton, ex truck, £7 10s ex store, bags extra. Whole maize, to arrive. 8s per bushel. Oyster grit, 6s 6d per 1001 b bag. Straw: Wheaten 2s 9d per bale, ex store. Lucerne meal, 12s ner 901 b bag. Lucerne chaff, 8s hei per sack Oatf: Gartons, 3s 9d per bushel, qaeks extra, ex store. Onions. Canter burys Us per cwt. New Zealand cape barlev 5s 6d per bushel, sacks extra. Following our appointment as licensed egg merchants, we : ha y e „.^ng e automatic weighing and candling graders. Payments weekly. May 12) ml.

Sales Reported £ s. d. Commercial Bank . 0 13 10 N.Z. Breweries . 1 10 10

government loans £ s. d. £ S, d. 31 o.c., 1953-57 .. .. 100 10 0 — 4 p'c., 1943-46 .. 102 10 0 — 4 p.c., 1946-49 102 10 0 104 0 0 4 p.c., 1949-52 .. .. 105 15 0 4 p.c., 1952-55 105 15 0 4 p.C., 1954*58 106 0 0 ' War Loan, 1953 81 17 6 banking New Zealand .. •• N.Z. (Long D) .. •• Commercial •• 1 17 0 13 0 6 1 10 0 14 0 0 Comm, (pref.) .. •• 8 10 6 E.S. and A. ■ •• — 16 Natl, of N.Z — 0 Union INSURANCE AND SHIPPING National 0 18 2 — New Zealand 2 19 3 South British .. 2 8 6 Standard 2 19 6 P. and O. Stock 1 4 0 MEAT, LOAN AND AGENCY N.Z. Refrig, (pd.) .. 0 16 4 0 — N.Z. Refrig, (cont.) .. 0 6 10 6 South. Froz. (paid) .. — 10 16 Waitaki Farmers — Natnl. Mortgage 6 Natnl. Mortgage 26 — 0 N.Z. Loan and M. 0 N.Z. Guar. Corp. •• 0 2 0 0 Perpetual Trustees .. 2 11 0 Trustees. Executors .. 4 2 Wright, Stephenson (pref.) 0 19 6 - COAL Kaitangata *1 9 6 — Taupiri (ord.) -. •• 1 1 0 *1 0 3 9 Westport W.-Sfkt’n. (pref.) •• — WOOLLEN COMPANIES Bruce (ord.) •• •• 1 0 9 — Bruce (pref.) •• 1 0 0 Kaiapoi (ord.) .. .. 0 14 9 Kaiapoi (cont.) .. .. u * 10 Mosgiel — 0 Wellington (ord.) 15 0 7 Wellington (pref.) 6 MISCELLANEOUS Broken Hill Pty. 2 2 0 — Chas. Begg and Co. 1 1 0 — D.I.C. (pref.) .. .. *1 3 6 — 0 Dom. Fertiliser — 1 6 Dorn. Rubber — 1 0 0 Donaghy’s Rope — 0 12 6 Stock Exchange Pty. 1 3 — Dunlop Rubber .. .. 1 0 6 — G. J. Coles .. . • — 3 2 6 MacDuffs (ord.) .. .. — 0 10 0 Milburn Lime .. .. — 1 18 3 McLeod Bros 25 10 0 27 0 0 Natnl. Electric .. .. 0 19 0 1 0 0 N.Z. Drug Co — 3 19 6 Farm. Fertlsr. (pref.) — 1 2 6 N.Z. Paper Mills — *1 10 6 Otago Daily Times.. ■ 1 17 6 Regent Theatre .. .. 0 — 3 0 19 9 Wilsons Cement .. .. 18 0 18 10 Woolworths. (N.Z.) .. 0 13 0 0 — Woolworths Syd.) . — 16 3 BREWERIES N.Z. Breweries .. \ 1 10 9 — Dominion 1 8 0 — Dunedin — 1 2 0 MINING Broken Hill South .. 1 3 0 — Electro. Zinc (pref.) 2 12 6 — Mount Lvell .. .. — 1 8 6 Mount Morgan .. .. 0 8 10 0 9 6 New Broken Hill 0 12 0 —* Austral N.Z — 1 5 0 Big River — 0 1 1 Clutha River .. .. — 0 2 0 Nokomai — 0 1 6 Okarito .. .. — 0 1 6 * Ex dividend, t Cum dividend.