Commercial

Southland Times, Issue 24757, 30 May 1942, Page 2

Commercial

INVERCARGILL STOCK EXCHANGE A further fall took place in the price of New Zealand Brewery Company s sh ®res on the Invercargill Stock Exchange ye y when sellers were willing to accept 11/-. Quotations:— . Government Debentures. 4 P ,c ’ „ 1943-46, b £lO7/15/-; 4 P c - Stock 1 94 ®' 49 ' b £lO2/10/-; 4 p.c. Stock 1952-55, b £ lO7 15/-; 4 p.c. Stock 1954-58. b £108; 3,i p.c. Stock 1953-57, b £103; 3>,i P-C. Stock 195760, s £lOl/17/6; War Loan 1953, s £»!• Banks.—Commercial, s 14/-; New South Wales, b £27. , e Breweries—New Zealand Breweries, s £1 “coal-Kaitangata. b £l/9/3; Westport Coal, b £l/3/6; Westport Stockton (ord.), s 3 /2. • Insurance—National, b 18/6; South British, s £2/15/-. . , - . , K Loan and Agency—Perpetual Trustees, b £2/10/-; Trustees’ Executors (Duneain), o Meat Companies—New Zealand Refrigerating (10/- paid), b 8/6, s 9/-; Southland Frozen Meat, s £l/15/6. Shipping—P. and O. Stock, b £l/11/-. Woollen Mills—Bruce, b £l/3/-; Kaiapoi (ord.), b 18/6; Mosgiel, b £lO/10/-; Timaru, Miscellaneous—Broken Hill Proprietary, b £l/13/9; G. J. Coles,, b £2/5/-; D.I.C. (ord.), b 14/9; Dominion Rubber Company, b 5/-; 1.C.1. (pref.), b £l/3/6; McDufEs Ltd. (pref.), s £1; New Zealand Drug, b £3 12/-; New Zealand Paper Mills, s £l/12/6; Woolworths Ltd., b 13/9; Woolworths (N.Z.), S Mining—Broken Hill South, b 19/9; North Broken Hill, b £l/13/6. Sale Reported.—4 p.c. Stock 1948, £lO6. NORTHERN EXCHANGES CHRISTCHURCH.—SaIe reported: Beath and Company £l. DUNEDlN—Reported sales: 1952-55 Stock 4 p.c. £108; 1948 Stock £106; 1949-52 Stock 4 p.c. £lO4/15/-; unlisted , Mackintosh, Caley, Phoenix 16/9 . AUCKLAND.—SaIes: New Zealand Insurance £3/3/6; South British £2/14/6 (2); Auckland Gas 6/9; War Loan 1953 £9O (2), Farmers' Auctioneering £4/5/-; Bank of New South Wales £2B; Woolworths (Sydney) 14/-; Stock 1946-49 £103; 1949-52 £lO4 15/-. WELLINGTONSaIes: Bank of New South Wales £2B; South British Insurance £2/14/6; Woolworths Holdings (South Africa) 18/-.

DUNEDIN PRODUCE MARKETS (P.A.) DUNEDIN, May 29. The milling wheat market remains unchanged with local millers receiving ample supplies. There are now larger offerings of fowl wheat than for the past few seasons consequent on a number of lines containing too much moisture for milling purposes. Apart from isolated sales of oats to millers, the local market is neglected. Shipping prices, which are purely nominal, stand at 4/3 for A Gartons and 4/for B’s. Those prices are equivalent to 3/3 and 3/- respectively on trucks country stations, sacks extra. There are enough potatoes coming forward to meet local requirements. All the seed markets remain firm, but the offerings of most lines are not large. There are buyers for cocksfoot, which is higher in price than for many years past. The general trend of prices for all seeds is on a considerably higher scale than has ruled for several years. The provision of shipping space, it is pleasing to note, is much better than was expected. PERPETUAL TRUSTEES’ DIVIDEND (Special) DUNEDIN, May 29. The directors of the Perpetual Trustees, Estate and Agency Company announce a proposed dividend of 1/- a share. An interim dividend of 9d a share was paid for six months ended October 31, 1941, and the dividend for 11 months is consequently 1/9 a annual report the directors state that the net profit, after providing for depreciation, amounts to £5707, to which has to be added last year’s carry forward of £4994, making a total of £10.701. Out of this has been paid land and income tax, £1967, National and Social Security charges, £513, interim dividend of 9d a share for the six months ended October 31, 1941, £937, subsidy to the staff benefit fund and donations of the patriotic funds, £776, a total of £4193. This leaves available for distribution £6507. The directors recommend that this amount be dealt with as follows: Payment of a dividend of 1/- a share for the five months ended Match si, 1942, £1250; staff benefit fund contribution, £500; carry forward to next year (subject to income tax and National , a n < i s ° c ‘®* Security charges for the year just ended). £4757. BRITISH TOBACCO LTD. (P.A.) WELLINGTON, May 29. British Tobacco Ltd. has declared a 2 per cent, interim dividend. WINTON HORSE SALE The first horse sale of the season at Winton was held yesterday and attracted a fair attendance of buyers. There was a small yarding of draught mares and geldings, but prices were slightly in excess of those ruling last year. Good working horses met with keen competition, the top price being £24/10/-. Prices were as follows:—Three-year-old hack £ls; 5-year-old draught mare £l7/10/-- 5-year-old draught gelding £l6; 4-year-old draught gelding £l4; 4-year-old draught mare £l6/10/-; 6-year-old threequarter draught mare £ls, 7-year-old draught gelding £10; aged horses and inferior sorts £3 to £lO.

APPLICATIONS for Investment in the GOVERNMENT “LIBERTY” LOAN will be accepted free of charge to applicants by the following members of the Invercargill Stock Exchange:— A. L. ADAMSON, Crescent. R. R. BINNEY, Tay Street. J. T. CARSWELL, Liddell Street. R. C. COOK, Esk Street. D. CUTHBERTSON, Esk Street. A. W. JONES, Tay Street. S. W. JONES, Don Street. O. H. PATON, Tay Street L. W. SPENCER, Crescent. D. M. SCANDRETT, Esk Street.