COMMERCIAL

Timaru Herald, Volume CXXXIX, Issue 20102, 8 May 1935, Page 5

COMMERCIAL

CRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to “ The Timaru Herald * CHRISTCHURCH, May 7. The fDllowing quotations were ruling when the Stock Exchange closed for the day:—

YESTERDAY’S SALES By Telegraph—Press Association AUCKLAND, May 7. Sales on ’Change.—National Bank of New Zealand, £3/7/-; National Bank of Australasia (con.), £6/2/6; Bank of New Zealand, 50/9; New Zealand Insurance. 71/- (2) ; Dominion Investment and Banking, 16/6; Traders’ Finance (con.), 2/9; Auckland Gas, 28'-:

Kauri Timber, 19/9; National Timber, 12/9 (2); British Tobacco, 38/9; Anthony Hordern, 18/2; Broken Hill Proprietary, 53/- (21; Dunlop Perdriau, 17/3 (2); Morris Hedstrom (pref.), 23/10; New Zealand Drug, 80/-; Sun Newspaper, 5/-; Wilson’s Cement, 35/3 (2); Blackwater, 31/-; Gillespie's Beach, 1/5; Mahakipawa, 8d; Mt. Lyell 20/-; Mt. Morgan, 38/- (2). Unofficial List.—Auckland Trotting Club, 1939-44, 61 per cent., £100; New Zealand Perpetual Forests, 47/-; Woolworths (West Australia), £6/2/6; Golden Crown (9d paid), 3/7 (2). WELLINGTON, May 7. Sales on ’Change.—Auckland Gas, 28/-, 28/1; New Zealand Breweries, 55/3 (2), 55/6 (2); Blackwater Mines, 31/-; Okarito, 6/-; Mount Morgan, 37/9. CHRISTCHURCH, May 7. Sales on ’Change.—Bank of New South Wales (cum div., £3l (2); New Zealand Refrigerating (10/- paid), 9/1 (2) ; Dunlop Perdriau Rubber, 17/3 (3) Alexander Mines (15/- paid), 15/5; Bendigo Goldlights, lid; Maori Gully, 1/7J; Mount Lyell, 20/-; Skippers, 2id (3). Sales Reported.—South Canterbury Electric Power Board, 41 p.c„ 1/3/61, £108; Southland Frozen Meat, 77/(2) ; New Zealand Breweries, 55/6 (3) ; Manawatu Knitting Mills, 37/-; King Solomon, 4/5; Lawson’s Flat, sd; Mount Lyell, 20/- (2). DUNEDIN, May 7. Sales on ’Change.—New Zealand Breweries, 55/3; Big River, 2/4. Sales Reported.—Bank of New Zealand, 51/-; New Zealand Refrigerating (con.), 9/1; Bruce Woollen (ord.), 13/6; Milbum Lime, 44/-; New Zealand Breweries, 55/3; Mt. Morgan, 37/9; Kildare, 3/3; Gillespie’s, 1/5, 1/51.

SYDNEY STOCK EXCHANGE United Press Association—-By Electric Telegraph—Copyright (Received May 7, 8.45 p.m ) SYDNEY, May 7. On the Stock Exchange the strong tone was maintained. Buyers bids were well up to recent levels but sellers were reserved. Banking shares were firm. Colonial Sugar shares were strongly bought in anticipation of the balance-sheet which is due to-morrow. Gold concerns were irregular, and Commonwealth bonds more active than recently. Sales.—Bank of New South Wales, £3l/7/6; Commercial Bank of Sydney,' £l7/10/-; National Bank (£5 paid), 16 5/-; Union Bank, £B/15/-; Colonial Sugar, £42/10/-; Associated News, 23/1?-; pref. 24/-; Burns Philp and Co., 63/-; do. South Sea, 26/-; British Tobacco, 39/3; Tooth’s Brewery, 53/3; Dunlop Perdriau, 17/6; Wilcox Mofflin and Co., 10/6; Electrolytic Zinc, 25/7; Farmers’, 26/9; Anthony Hordern, 18/9; Amalgamated Textiles, 10/1; General Industries, 16/6; Drug Houses, 25/4?,; Meggitts Ltd., 20/9; Mt. Morgan, 37/9; Broken Hill Proprietary, 54/-; South Broken Hill, 85/-; Commonwealth Bonds (all 4 per cent.): 1938, £lO4/5/-; 1941, £lO5/5/-; 1944. £lO4/15/-: 1947. £lO5/10/-: 1950,

£lO6/12/6; 1953, £lO7/2/6; 1955, £lO7 6/3; 1959, £lO5/17/6; 1961, £lO5/2/6. Melbourne sales: National Bank (£5 paid), £6/4/-; Goldsbrough Mort., 31/-; G. J. Coles, 60/9; Australian Glass, 60/3; Nestles (pref.), 38/-; Mt. Lyell, 20/-. DONAGHY’S ROPE AND TWINE COMPANY The directors’ report shows that the net profit for the year ending March 31 was £6196/17/6, to which must be added £3525/8/3, less the interim dividend of 9d a share, which absorbed £1762/10/-, leaving available for distribution £7959/5/11. The directors recommend a final dividend of lOd a share, absorbing £1958/6/8, and 5d a share from income on investments, which will make a total of 2/- a share for the year. They also recommend that £ISOO be added to the reserve to provide benefits for employees and that the balance of £3522/5/11 be carried forward. Depreciation amounting to £2216/11/6 has been written off buildings and plant.

N.Z. NEWSPAYERS LIMITED For the year ending March 31 the net profit was £39,886, the largest since 1931. With the amount brought forward, £15,717, there is £55,003 available from which an interim dividend at the rate of 5 per cent, per annum was paid in October and which took £14,562 and left £41,041 to be distributed. The directors recommend a final dividend at the rate of 5 per cent, per annum and the balance of £26,478 is carried forward. During the last four years the dividend at 5 per cent, has been unchanged. In 1931 it was 6 per cent, and in the previous year it was 7 per cent. DENTAL AND MEDICAL SUPPLY COMPANY The directors’ report for the year ending March 31 shows a net profit c.f £1723, compared with £926 for the previous year. During the last 12 months business has improved, each of the four branches showing an increase in sales. Ample provision has been made for bad debts and stocks have been conservatively valued. Furniture, fittings and motor cars have been depreciated at the usual rates and £471 has been written off premises. With £37 brought forward there is £1760 available for distribution. A dividend of 2h per cent, is recommended and this will take £1445, leaving £315 to be carried forward.

MINING NEWS By Telegraph—Press Association AUCKLAND, May 7. The Mataki return for the week was 28oz for 139 hours’ work. DUNEDIN, May 7. The secretary of the Waitahu Company reports a further partial washup from No. 3 paddock of 450 z 3dwt.

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.33 p.c. Inscr.. 193852 and 1939-52 107 0 0 — 33 p.c. Inscr.. 193943 103 0 0 — 33 p.c. Inscr., 1941 4 p.c. Inscr., 1937103 0 0 — 40 104 2 6 — 4 p.c. Inscr., 194346 107 2 6 — 4 p.c Bonds, 193740 104 5 0 — 4 p.c. Bonds, 194346 107 4 0 — 4 p.c Bonds, 195255 112 0 0 — Other Debs.— South Canterbury Electric, 45 p.c., 1/3/61 .... 107 0 0 — North Canterbury Hospital, 4 1-8 p.c., 1/3 55 . . 104 5 0 108 0 0 Blenheim Borough 53 p.c.. 1/4/49 . — 108 0 0 Banks— Adelaide (c. div.) 5 19 0 Australasia .... 10 17 6 11 2 6 Comm, of Aust. C imm. of Aust. 0 15 8 0 16 0 (pref.) — 9 15 0 Comm, ot Sydney Naional of A’asia 17 2 6 17 7 6 (£10 paid, cum div.) 12 6 0 Naional of A’asia (£5 paid, cum div.) 6 0 0 6 4 0 New South Wales (cum div.) . . . 30 17 6 31 2 6 New Zealand (cum div.) 2 10 9 2 ii 0 Reserve 6 12 9 6 13 6 Union of Aust. • • 8 10 6 8 14 0 Insurance— A.P.A 1 1 6 1 2 0 National (c. div.) . 1 1 6 1 2 6 Standard 3 11 9 — Loan & Agency— Dalgety and Co. (cum div.) . . . 7 17 6 8 5 0 Goldsbrough Mort. National Mortgage 1 10 7 1 10 10 “A” — 2 17 6 United Building Society 1 1 6 1 2 0 Perpetual Trustees 3 5 0 — Shipping— Huddart Parker 1 18 0 P and O. Deferred Stock — 1 2 0

Frozen Meat— N.Z. Refrigerating (£1 paid) . . . N.Z. Refrigerating 0 19 8 i 0 6 (10/- paid) . . c 9 1 0 9 2 Southland .... 3 17 0 — Woollens— Kaiapoi (17/- pd.) 0 14 3 0 15 9 Kaiapoi (7/- pd.) 0 5 1 — Kaiapoi (pref.) . . 0 17 6 0 19 6 Coal— Westport Stockton (ord.) . . 1 1 0 0 2 0 Stockton (pref.) . - 0 5 0 Gas* Christchurch . . . Christchurch (10/1 15 6 1 16 6 paid) 0 17 9 Timaru — 1 2 0 Breweries— Carlton 2 8 0 Monteiths 0 15 0 New Zealand . . . 2 15 7 2 16 2 Timaru (7/6 paid) 0 7 9 0 8 4 Tooths . . . . . 2 12 3 2 13 0 Tui 1 10 0 Melbourne Co-op. 1 18 6 2 1 0 Miscellaneous— Anthony Hordern Associated News0 17 11 0 18 5 papers — 1 3 3 Aust. Iron & Steel (pref.) — 1 2 10 Beath and Co. . . 1 9 9 1 11 0 British Tobacco . Broken Hill Pro1 18 9 1 19 3 prietary (cum div.) 2 13 1 2 13 4 Clamde Neon (Syd) 2 7 3 2 12 0 Consolidated Brick — 0 8 9 D.I.C. (10/- paid) 0 15 6 — D.I.C. (pref.) . . Dom. Fertiliser (c. 1 5 6 — div.) 1 2 0 1 2 7 Dunlop Perdriau Rubber .... Electrolytic Zinc 0 17 3 0 17 4 (pref.) — 1 15 0 Evans Atlas Flour Hays. Ltd. (15/1 10 0 2 0 0 paid) 0 15 3 Hume Pipe (Aust.) 0 12 6 0 16 Kauri Timber . . 0 19 5 0 19 u N.Z. Drug Co. . . Imperial Chemical 3 18 6 — Industries . . . 1 17 6 2 5 0 Manawatu Knitting Mills N.Z F a r m e r s’ 1 16 9 Co-op. (1st pf.) N.Z. F a r m e r s’ 2 10 0 - Co-op. (“B” pf.) — 1 15 0 N.Z. Farmers* Co-op. (4 i p.c. Stock. 1942) . . 82 0 0 N.Z. F a r m e r s’ Co-op. <4i p.c., Stock, 1945) . . 81 0 0 N.Z. Newspapers . Quill Morris (in 1 14 3 1 18 0 liquidation) . . 0 4 3 0 5 0 Sun Newspapers . Victoria Nyanza 0 5 4 0 5 9 Sugar .... 0 5 0 Wilson’s Cement . Wool worths (N.Z.) 1 14 3 ord 10 15 0 Woolworths (N.Z.) (pref) — 2 1 6 Woolworths (Syd.) 1st pref Woolworths (Vic.) 2 3 0 (pref.) 1 10 0

Mining:— Addison’s Flat . . Alexander (15/0 2 1 - paid) — 0 15 5 Bell Hill .... — 0 1 C> Bell Hooper .... 0 0 Oi 0 0 1 Bendigo Goldlights 0 0 101 0 0 lh Big River .... 0 2 31 0 2 5 Blackwater .... 1 10 0 1 12 6 Brian Boru .... 0 0 3i 0 0 4 Central Shotover . — 0 0 3 Charleston .... 0 0 4 — Deep Lead .... 0 1 9 — Gillespie’s Beach . 0 1 4 0 1 6 Golden Dawn . . 0 2 3 — Golden Point . . Goldfields Dredg0 0 Oil 0 0 a ing Goldfields Dredg0 0 41 0 0 5 ing 0 0 43 0 0 5 Kildare 0 3 2 0 3 5 King Solomon . . 0 4 4 0 4 65 Lawsons Flat . . 0 0 4 h 0 0 5* Mahakipawa . Mahakipawa (pr. 0 0 8 0 0 8i 1929 issue) . . . — 0 1 2 Maori Gully . . . 0 1 7 0 1 7a Mossy Creek . . . 0 2 4 0 2 9 Mount Lyell . . . 0 19 10 1 0 0 Mount Morgan . . 1 17 7 1 18 G Nevis Diesel Elec. Placer Develop0 0 1 0 0 2 ment 1 6 0 — Rawang Tin . . . 0 7 1 0 7 5 Skippers .... 0 0 2 0 0 2 h Stafford Sluicing . Waimumu Sluic- — 0 0 11 ing Upper Shotover — 0 0 11 (lOd paid) . . — 0 0 2 Waihi (cum div.) . 2 2 0 2 3 3 Grand Junction . 0 4 10 Waitahu 0 2 11 0 3 6 Worksop Extended 0 2 7 0 2 9 * Unlisted Stocks All transactions in stocks quoted in this section are subject to a different rate of brokerage from Listec Stocks and are not quotec on :he Official List. Buyers. Sellers. £ s d. £ s. d. Assoc't'd. Motorists Petrol (pref.) . 1 6 6 Ben Ledi .... 0 0 lh Argo Gold . . . Cuulls, Somerville 0 1 4 0 1 5 and Wilkie . . 0 L0 0 0 15 0 New River (7id paid) Para Rubber (15/0 0 7 Paid) .... Regent Theatre 0 12 6 0 15 6 Building (Ch.) 0 5 0 0 7 0 Smith Wvlie . . 0 9 0 Snowy River . . . Upper Watut (2/0 0 1 paid) Whites Electric (6d 0 4 6 0 5 6 paid) .... Woolworths (Syd.) 0 0 5 ord 4 9 0 4 9 6