STOCKS AND SHARES

Timaru Herald, Volume CXLV, Issue 21211, 5 December 1938, Page 14

STOCKS AND SHARES

NEW ZEALAND STOCK EXCHANGES SATURDAY’S QUOTATIONS

LONDON MARKETS United Press Association —By Electric Telegraph—Copyright (Received December 4, 6.30 p.m.) LONDON, December 3. Friday’s closing prices were:— Cotton 5.14 d per lb, January 4.79. Rubber: Para £7 10s a ton, Plantation smoked, 8d per lb. Jute: December-January £lB 13s 9d a ton. Copra: December-January, South Sea £9 5s a ton; Plantation Rabaul, £lO 2s 6d. Linseed:oil: £25 5s a ton. Turpentine 32/3 per cwt. Rabbits slightly firmer at 16/-. PRICE OF GOLD United Press Association —Bv Electric Telegraph—Copyrlgnt (Received December 4, 6.30 p.m.) LONDON, December 3. The price of gold is £7 8s 7i per fine ounce. METAL PRICES IN LONDON United Press Association— By Electric Tel egra ph —Copy rlgh t (Received December 4, 6.30 p.m.)

Fine, per oz 21 13-16 NEW TIMAKU COMPANY The following company was registered as a private company on November 25: Ben Watson and Company Ltd., office, Stafford Street, Timaru. Capital £3500 in 3500 shares of £1 each. Subscribers: Timaru, B. Watson, 1300. M. Davey 700, M. Casey 450, S. H. Gray 350, W. L. Johnston 350. Objects: Garage proprietors. motor and mechanical engineers in all branches. MANAWATU KNITTING MILLS A loss of £166 compared with a profit of £3703 last year and £5079 is shown in the fifth annual accounts of the Manawatu Knitting Mills. Ltd., for the year ended October 31, after full provision was made for depreciation. No dividend is to be paid. The directors report that the year has been most difficult f.om a trading point of view and concern is expressed at the excessive imports. During the year a knitting company’s plant in Auckland was purchased and removed to Palmerston North. The balance brought into the accounts was £4835 from which had to be deducted £246 staff bonus and £1366 which represented a further income tax assessment. This had been paid under protest and was being disputed. After allowing for the year’s loss £2556 remains to be carried forward. Shareholders’ funds at £44,092 compared with £47,370 a year ago. Bank indebtedness has risen from £3215 to £12,189 while creditors are £1686 lower at £lB9B. In assets stocks are down £8582 to £25,063.

CHRISTCHURCH Morning Call Sales on ’Change— £ s. d. £500 Govt. 4 per cent. Stock, 1946-49 (2) .. .. 98 5 0 £100 Gisborne Sheepfarmers 6* p.c. 31/8/41 ., .. 102 0 0 50 Natl. Bank N.Z 2 7 9 200 Felt and Textiles (2) .. 1 11 7 200 N.Z. Breweries 1 18 11 1 19 2 100 Broken Hill Pty 2 16 2 100 Dunlop Perdriau .. .. 1 0 4 100 Electric Zinc (ord) .. 9 5 6 100 Hume Pipe (Aust.) .... 0 19 6 400 Taranaki Oilfields (3) 0 11 3 0 11 4 100 Woolworths (Syd.) (ord.) 1 0 10 100 Rawang Tin 0 7 11 Sales Reported— 50 Natl. Bank N.Z. (late 2nd> 2 7 9 100 N.Z. Breweries 1 19 2 AUCKLAND Sales on 'Change— £ s. d. Stock 15/5/49-52 4 per cent 97 0 0 Com. Bank of Aus 0 16 0 N.Z. Insurance 2 11 6 South British 2 2 6 Aust. Glass (pref.) 2 1 6 Broken Hill o 16 0 Imp. Chemicals (pf.) .. .. 1 9 11 Mt. Lyell 1 9 0 WELLINGTON Sales on ’Change— £ s. d. Aust. Consol Stock 15/11/41 4 per cent 100 12 6 Aust. Consol Stock 15/9/47 4 per cent .. .. 101 13 9 Stock 1949-52 4 per cent... 97 2 6 Bank of New Zealand <3) 2 0 9 N.Z. Breweries (3) 1 18 9 G. J. Voles 3 19 0 Woolworths (Syd.) (2) .. .. 1 0 10* DUNEDIN Sale Reported— N.Z. Breweries 1 18 9 SYDNEY STOCK EXCHANGE — Onlted Press Association —B$ Telegraph—Copyright ' Electric SYDNEY, December 3. Sales on the Stock Exchang e this morning were:— £ s. d. Bonds, 1951, 32 per cent. 99 0 0 1948 37-8 per cent 100 10 0 1941, 4 per cent 100 15 6 1944, 4 per cent 101 7 6 1947, 4 per cent 101 15 0 1951-57, 4 per cent 101 15 0 Comm. Bank of Sydney .. 20 5 0 Bank of N.S.W 29 14 0 Associated News .... 1 1 6 Felt and Textiles 1 11 4?. G. J. Coles 3 18 9 Henry Jones 2 8 6

LONDON, December 3. Per ton. Copper— £ s. cl. Standard, spot . .. 43 1 10i Forward . .. 43 5 7i Electrolytic .. .. 48 10 0 to .. .. 49 10 0 Wire bars . .. 49 10 0 Spot 15 11 3 Forward 15 13 li Spelter— Spot . .. 13 10 7i Forward . .. 13 14 4A cl. Silver— Standard, per oz. .. 20 3-16