Finance and Commerce

Timaru Herald, Volume CXLII, Issue 20532, 25 September 1936, Page 16

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE YESTERDAY’S QUOTATIONS Special to "The Timaru Herald" CHRISTCHURCH, September 24. The following quotations were ruling when the Stock Exchange closed this afternoon:— Buyers. Sellers.

AMALGAMATED WIRELESS FINAL DIVIDEND Bv Telegraph—Press Association WELLINGTON, September 24. Amalgamated Wireless have advised the Stock Exchange Association that the directors have declared a final dividend of 6 per cent, plus a bonus of 1 per cent, payable on October 12. AUSTRALIAN .MARKETS United Press Association—By Electric Telegraph—Copyright (Received September 24. 8.30 p.m.) SYDNEY, September 24. Wheat, at country sidings, 4/34 a bushel, equal to about 4/10, ex trucks, Sydney. Flour —£12/5/- a ton. Bran and pollard—£6/5/- a ton. Potatoes —Tasmanian. £lO a ton; others to £B/10/-. Onions. —Victorian £lB a ton. Maize —4/6 a bushel. ADELAIDE. September 24. Wheat.—Growers’ lots, 4/94 a bushel. Flour—Bakers’ lots, £l2/10/- a ton. Bran and pollard—£6 5a ton. Oats —Algerian, 2 '4 a bushel. Barley—2/5 a bushel. INSCRIBED STOCK REGISTER By Telegraph—Press Association WELLINGTON, September 24. The Minister of Fin-nee (Hon. W. Nash) announces that from October 1 the Reserve Bank of New Zealand will keep a New Zealand register of inscribed stock. BEATII AND CO., LTD. REDUCTION IN NET PROFIT By Telegraph—Press Association CHRISTCHURCH, September 24. Provision of more than £4OOO extra for income tax is the main reason for a reduction in the profit of Beath and Co.. Ltd., drapers, to £7098 from £9681 last year. The ordinary dividend is reduced to 5 per cent, from 8 per cent. The directors report that 56 per cent, of the net profit was required for land and income tax, for which £8728 is allowed in the accounts. The gross profit was £88,210 against £88,174 last year.

£ N.Z. Govt. Stock— s. d. £ s. d. 4 p.c. Inscr., 193740 102 2 6 — 4 p.c. Inscr., 194346 101 17 6 — 4 p.c. Inscr., 194649 103 17 6 — 4 p.c. Inscr., 195255 105 0 0 105 5 0 4 p.c. Bonds, 194346 102 0 0 — 4 p.c. Bonds, 194649 107 0 0 — Rural Bonds, 1947 103 0 0 Company Debs.— N.Z. Refrigerating. 4.1 p.c., ’40 45 . 101 0 0 — Gisborne Sheep . . — 102 0 0 Banks — Comm, of Aust. Comm, of Aust. 0 18 2 0 18 4 (pref.) .... 9 0 0 9 o 0 Comm, of Sydney 19 10 0 19 14 0 E., S. and A. . . . National of A’asia. 5 15 0 5 18 0 (£10 paid) . . . 14 0 0 — National of A’asia. (£5 paid) . . . — 7 2 6 New South Wales 32 7 6 32 15 0 New Zealand . . . 1 18 0 1 18 11 Union 9 9 0 9 11 6 Insurance— National 0 18 6 0 18 9 New Zealand . . . 3 1 0 3 1 6 Standard — 3 2 0 Loan & Agency— Dalgety 8 18 0 9 1 0 Goldsbrough Mort. 1 13 3 1 13 9 National Mortgage — 2 9 11 N.Z. & River Plate N.Z. Guarantee 0 13 6 — Corporation . . 0 5 5 0 5 7 United Building . 9 0 0 10 2 6 Wright, Stephenson — 1 0 9 Shipping— Huddart - Parker (pref.) .... 1 15 6 P. & O. Deferred 1 11 0 1 12 3 Frozen Meat— Canterbury (pref.) N.Z. Refrigerating 9 0 0 9 11 6 (10/- paid) . . 0 19 0 0 19 6 North Canterbury 0 9 3 0 9 4 Southland .... 1 13 0 1 15 6 Waitaki 3 13 0 — Woollens — Kaiapoi (7/- paid) 0 14 6 0 15 3 Kaiapoi (pref.) . . — 0 6 3 Oamaru — 1 1 6 Coal— Grey Valley . . . 0 7 6 0 12 6 Westport Stockton Westport Stockton 0 1 6 0 2 0 (pref.) .... 0 3 0 0 3 3 Gas — Christchurch (10 - paid) — 1 8 9 Breweries— Staples 2 11 11 *-» 12 0 Timaru 0 2 9 0 3 0 Miscellaneous— Anthony Hordern Associated News2 0 6 2 2 0 papers .... Aust. Iron & Steel 0 18 8 0 18 9 (pref.) .... 4 12 3 4 13 0 British Tobacco Broken Hill Propty. 3 1 2 3 7 (contr.) .... 3 15 0 3 15 9 Burns, Philp . . . 2 16 11 2 17 2 Consolidated Brick 42 17 6 43 0 0 Glenmore Brick . 0 9 4 0 9 9 Domn. Builders . 0 3 9 0 7 6 Dunlop Rubber . . Electrolytic Zinc 1 3 0 — (pref.) .... — 2 3 6 Evans Atlas "’lour ■ 1 4 6 2 5 2 Broken Hill .... 0 2 4 0 2 5 G. J. Coles .... 4 1 9 4 2 3 Gordon & Gotch . — 0 19 6 Hay’s Ltd 0 14 6 — Hume Pipe (Aust.) 0 19 6 0 19 8 Kauri Timber . . 1 4 0 — Milburn Lime . . — 0 7 0 Morris Hedstrom . — 2 2 0 National Hectric . 0 11 8 0 11 10 N.Z. Drug Co. . . 0 13 8 0 15 0 New Colosseum . . 3 13 0 — N.Z.F. Co-op. . . N.Z.F. Co-op. (10/1 12 6 — paid) N.Z.F. Co-op. (1st — 0 19 0 pref.) .... N. IF. Co-op. (B 0 1 0 — pref.) N.Z.F. Co-op. <41 Z 6 2 7 6 p.c. Stock, 1945) 91 10 0 93 0 0 N.Z. Paper Mills . Procera Bread — 1 0 (ord.) 1 6 3 — Quill Morris (1936> 0 17 3 0 18 6 Wilcox Mofflin . . 3 0 0 3 3 0 Wilson’s Cement . Woolworths (N.Z., 0 12 0 0 12 4 pref.) 4 18 9 5 0 Mining— Argo 0 1 7a 0 1 8 Bendigo — Blackwater .... 0 1 8 Brian Born .... —■ 1 14 Central Shotover . 0 0 Zi 0 0 5 Glenroy 0 1 41 0 Goldfields Dredg. . 0 2 0 0 ... Lawson’s Flat . . . 0 0 6 0 Mahakipawa . . • — Martha 0 0 61 0 0 Mataki 0 18 4 0 0 Nemona 0 X 3 6 Nevis Diesel . . . 0 1 6 0 1 Okarito — 0 0 Oxen. Shotover . — 0 4 11 Stafford Sluicing . 0 0 Waihi June'.'.c;i . . 0 10 0 Waitahu — Wetherstone’s . . — Worksop Mining House Concessions . . • ■ 0 0 11 0 0 3 Australian Mining Mount Lyell . . • 1 9 3 1 9 6 Mount Morgan . . 0 13 0 0 13 6 Upper Watut . . • 0 0 3 4 Unlisted Stocks All transactions in stocks quoted in this section are subject to a different roll listed stocks, and are not quoted on he official list. Buyers. Sellers. <■ s. d. £ s. d. Macetown .... 0 0 11 0 0 3 National Tobacco . 3 z 0 3 4 6 New River .... 0 () 64 < 1 0 8 Selfridges < A’asia.) 1 7 3 8 0 Shillings Ltd. . . • 0 17 6 0 18 6 White’s Electric . 0 0 61 0 0 9 Woolworth'. Lid. . Woolworths < West 0 • 6 5 5 8 0 Australia) . . • 13 9 South Sea Fishing 0 8 6 —

AUCKLAND Sales on ’Change AUCKLAND, September 24. £ s. d. Stock, 15 1 40. 4 p.c 101 15 0 Ditto. 15 2 46. 4 p.c. <2> .. 103 15 0 Auckland City 1/1/50 4 s p.c. 105 5 0 Auckland Gas 1/7/42 6 p.c. 107 0 0 Gisborne Sheepfarmers, 6* p.c. 3b8'41 100 0 0 Bank of N.Z. <Mort deb.t 5 1-8 p.c 102 10 0 Bank of N.S.W 32 10 0 National Insurance 0 18 8 South British 4 9 9 Goldsbrough Mort Traders Finance 0 12 6 0 5 0 Renown Collieries 0 12 0 Christchurch Gas 1 8 0 Kauri Timber 1 4 0 British Tobacco 4 3 Broken Hill Pty 3 15 6 Ditto, (rights) 0 2 4 Canty. Frozen Meat .. .. 9 5 0 (Odd lot > Consolidated Brick (2) 0 9 6 Dunlop Perdriau 0 18 6 Electrolvtic Zinc (pref.) .. 5 0 Farmers Fertiliser 1 1 4i Golden Dawn o 2 7 Martha o 18 6 Mount Morgan o 12 11 Unofficial List Woolworths (Syd.) 5 6 0 WELLINGTON Sales on ’Change WELLINGTON. September 2 Z . £ s. d. Bank of N.Z 1 18 9 Dominion Breweries <2> 1 12 0 (Both late Wednesday) l p.c. Bonds. 1949 105 15 0 Dunlop Perdriau 0 18 7 5 CHRISTCHURCH Sales on ’Change CHRISTCHURCH. September 2 Z L £ s. d. N.Z. Breweries 9 12 3 (5) 9 12 0 Broken Hill Pty. rights, to Wellington Alluvials Ltd. 0 2 4 0 2 3 0 2 4 Mount Morgan 0 13 0 Unlisted Stocks. National Tobacco 3 3 0 Sales Reported. N.Z. Govt. 4 p.c. Inscr, 1940 102 0 0 National Electric 0 13 9 N.Z. Farmers Co-op. (A pf. cum div.) 9 5 0 Ditto. <45 p.c. stock 1939) 92 0 0 Rawang Tin 0 9 DUNEDIN Sales on ’Change DUNEDIN, September 24. E s d E., S. and A. Bank .. .. 5 16 0 National Insurance 0 18 8 N.Z. Breweries 2 12 6 Unofficial List. Were's Trust (rights) .. .. 0 1 0 SYDNEY STOCK EXCHANGE Unitea Press Association—Bv Electric Telegraph—Copyright (Received September 24, 8.30 p.m.) SYDNEY, September 24. The market for industrial shares was quieter and steadier to-day. Bonds w ere firmer. Sales: Commercial Bank of Sydney 19 15 0 £ s. d. Bank of N.Z 1 19 6 Colonial Sugar 43 7 6 Automatic Totes 1 0 3 Tooths 2 16 9 Queensland Brewery .. .. 1 4 9 Goldsbrough Mort 1 14 0 Mark Fov 1 11 9 Stedman 0 17 0 Malleys 1 0 0 Morts Dock 0 11 10 Union Steamship Co. (pf.) (Sydney register) .. .. 1 6 0 R Fowler 0 14 6 Wnolworths (ord.) 5 7 6 Mt Morgan 0 13 1 Broken Hill Pty. 3 16 6 Ditto (new) 17 9 Placer Development .. .. 4 18 0 Mandated Alluvials 1 10 9 Loloma 1 2 10 Emperor 0 14 11 The Melbourne Exchange was closed for the Royal Show holiday.