CHRISTCHURCH STOCK EXCHANGE

Timaru Herald, Volume CXLIV, Issue 20984, 12 March 1938, Page 13

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY’S QUOTATIONS Special to the "Timaru Herald." CHRISTCHURCH, March 11. The following quotations were ruling when the Stock Exchange closed for the day:—

NEW ZEALAND DRUG COMPANY The fifty-ninth report of the directors of the New Zealand Drug Company, Ltd., recommends that the available profits be dealt with as follows: The amount brought forward was £36,049/0/6, which, with the net profit for the year of £77,734/13/11 less the interim dividend of £20,405, leaves a sum of £93,378/14/5 to be dealt with. It is proposed that this be allocated as follows: To the payment of a final dividend of 44 per cent, making 8 per cent for the year, £26,235; to add to the general reserves £27,700, and to carry forward to next year £30,443/15/4. The directors, in view of the financial position of the company, recommend the payment of a bonus of 5/- per share to all shareholders on the register on March 1. Results over the past three years are as fallows:— 1936. 1937 1938. £ £ £ Gross profit . 149,520 156,675 215,050 Net profit . 54,454 50,130 77,734 Dividend . . 8% 8% 8% ££ » £ Dividend amount 46,640 46,640 46,640

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Stock— 3* per cent. Inscr., 15/5 39-52 . . . 103 0 0 — 4 per cent. Inscr., 1943-46 .... 102 12 6 Banks— Australasia . . . 10 3 6 10 7 0 Comm, of Aust. . 0 16 3 0 16 5 (pref.) — 9 12 6 E. S. and A — 5 6 6 National of N.Z. . 2 14 0 2 14 9 New Zealand . . . 2 2 10 2 3 0 (D. Mort.) . . — 1 9 9 Insurance— National 0 13 2 — New Zealand . . . — 3 0 6 South British (10s paid) — 2 6 3 Loan & Agency— Dalgety 8 5 0 8 12 6 Goldsbrough Mort. 1 10 7 1 11 6 National Mortgage (“A”) . . . — 2 5 0 Invincible Building 4 10 0 — N. Z. Guarantee Corporation . . — 0 4 7 United Building . — 1 1 0 Shipping— Union ipref.i . . 1 6 7 1 7 6 Frozen Meat— N.Z. Refrigerating i£l paid) . . . 0 18 4 (10/- paid) . . 0 8 1 0 8 4 Southland ... — 1 8 6 Woollens— Felt and Textiles . — 1 16 6 Kaiapoi (17/- pd.) — 0 12 0 <7/- paid) . . . — 0 4 3 (pref.) — 0 17 3 Marawatu .... — 1 15 0 Coal— Westport 1 2 9 1 3 3 Westport Stockton 0 2 5 0 2 9 (pref.) 0 6 0 0 6 6 Gas — Auckland — 1 0 6 (contrib.) . . . 0 14 6 0 15 0 Christchurch . . . — 1 8 3 Breweries— New Zealand . . . 2 5 8 2 5 10 Tooths 2 16 0 2 16 6 Timaru (in liqdn.) 0 1 0 0 1 3 Miscellaneous— Alloy Steel (N.Z.) 0 17 0 0 19 2 Amalg. Wireless . 2 5 0 — Australian Glass . 4 12 9 4 13 0 British Tobacco . 2 8 6 2 9 0 Broken Hill Pty. . 3 1 4 3 1 5 Don.. Fertiliser . . 1 4 1 — D.I.C. (10/- paid) 0 14 0 — (pref.) 1 3 9 — Dunlop Rubber . . 1 3 0 1 3 1 David Jones . . . — 2 4 0 Electrolytic Zinc (ord.) 2 5 3 2 5 6 (oref.) 2 8 4 2 8 11 (A J. Coles .... 4 2 1 4 2 2 Hay's, Ltd 0 14 9 — Hume Pipe (Aust.) 1 0 6 1 0 9 Moits Dock . . . — 0 10 5 N.Z.F. Co-op— (44 p.c. stock, J 939) 96 10 0 98 10 0 (44 p.c. stock, 1940) 96 15 0 99 0 0 (44 p.c. stock, 1145) 96 17 6 98 0 0 Simpson and Williams .... 1 12 3 — Taranaki Oil . . . 0 6 3 0 6 5 T. J Richards . . — 1 3 0 Wilson’s Cement . 0 17 9 0 18 1 Wool worths, Ltd. (ord.) 1 6 9 1 6 10 (pref.) 1 18 0 2 2 0 (N.Z.) ord. . . 1 1 9 1 2 3 (N.Z.) pref. . . 1 17 6 2 1 0 Overseas ListingsWool worths (South Africa) .... 0 16 2 0 16 3 Mining — Argo 0 1 8 0 1 10 (contrib.) . . . 0 1 34 0 1 9 Big River .... — 0 1 3 Gillespie’s Beach . — 0 1 0 Golden Sands . .. 0 1 5 <■ 0 2 0 Grev River .... 0 12 5 — Goldfields Dredg. . 0 0 2 — Maori Gully . . . 0 0 41 0 0 5 Mossy Creek . . . — 0 0 04 New River .... 0 0 0 0 6 Okarito ..... — 0 4 0 Skippers 0 o n 0 0 IS Waihi 0 9 0 0 9 5 Waihi Junction . . 0 2 7 0 3 1 Worksop 0 0 11 0 1 1 Aust. Mining— Broken Hill South 1 12 1 1 12 3 Mount Lyell .... 1 9 5 1 9 6 Mount Morgan . . 0 9 11 0 9 114 (pref.) . . . . 0 5 3 0 5 4 North Broken Hill 2 9 1 2 9 8 Raw a ng Tin . . . 0 9 24 0 9 3 Unlisted Stocks All transactions n stocks quoted in this section are subject to a different rate ol brokerage from listed stocks, and are not quoted on the official listBuyers. Sellers. £ s. d. £ S. d. Ballins Breweries . 0 11 11 () 12 3 Blackball Creek 0 1 7 N.Z Perp. Forests 1 4 0 Woolworths (West Australia) . . . 4 12 6 5 0 1