Finance and Commerce

Timaru Herald, Volume CXLVIII, Issue 21608, 20 March 1940, Page 11

Finance and Commerce

STOCKS AND SHARES YESTERDAY'S BUSINESS CHRISTCHURCH

MARINE INSURANCE

Perils of the sea, apart from those incidental to war risks of sinking, mining and capture have been greatly increased by removal of navigation marks, extinction of lights, diversions of vessels to unfamiliar routes and blackouts. Marine underwriters in consequence of these conditions have added a special rate of 2/6 per cent, less 15 per cent, to apply to all ships leaving from or arriving at the United Kingdon the charge to be additional to current marine rates.

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY’S QUOTATIONS Special to the “ Timaru Herald ” CHRISTCHURCH, March 19. The following quotations were ruling tor the morning call on the Stock Exchange:— Buyers. Sellers £ s. d. £ s. d N.Z. Govt. Debs.— 34 per cent. Bonds 15/1/53-57 ... 97 0 0 4 per cent. Inscr., 15/4/46-49 ... 100 5 0 Company Debs— Booth, Macdonald, 5 p.c., 1/6/47 . 68 0 0

AUSTRALIAN STOCK EXCHANGES LOWER PRICES FOR INDUSTRIALS United Press Association—By Electric Telegraph—Copyright (Received March 19, 9.35 p.m.) SYDNEY, March 19. Lower prices for industrial shares brought buyers into the share market to-day. The undertone of the market

SOUTH BRITISH INSURANCE By Telegraph—Press Association AUCKLAND, March 19. The South British Insurance Company has declared an unchanged interim dividend of BJd a share for the half-year ended February 29. Payment will be made on April 11. MINING NEWS The Mossy Creek Gold Dredging Company has declared a fourteenth dividend of Id a share payable on March 27. BONDS hosiery mills A net profit of £6134 is reported by Bonds Hosiery Mills (N.Z) Ltd., for the year ended January 19. This compares with £4264 for 1939. The dividend is raised from 71 per cent to 10 per cent. The directors report that, owing to the war, only a small portion of the necessary plant was obtained but the question of increasing facilities was receiving attention. Assured creditors were £35,837 higher than last year at £49,761 but a considerable portion of this sum had since been liquidated as funds from the Reserve Bank became available. There had been a substantial addition to the year’s business which had been seriously affected by import restrictions although the directors were concerned with the necessity of securing adequate supplies of raw materials.

Morning Call Sales on ’Change— £ s. d 150 Bank of New Zealand 2 2 0 2 1 9 30 Union Bank of Aust. .. 8 4 0 100 Broken Hill Pty. (2) 2 11 3 100 Electro. Zinc (ord.) .. 3 1 0 Afternoon Call Sales on ’Change— £ s. d. 200 Comm. Bank of Aust. 0 16 6 150 Bank of N.Z 2 1 7 20 Union Bank of Aust. .. 8 4 6 50 Broken Hill Pty 2 10 9 100 Taranaki Oilfields .. 0 7 6 Sales Reported— 50 Cant. Frozen Meat (pref.) 6 14 0 1000 M.K. Manufacturers .. 0 5 2 150 McKenzies Ltd 2 5 0 Sales on ’Change— £ s. d. Auckland Harbour Board 9/7/42, 4i per cent .. .. 102 5 0 Do. 9/7/47, 41 p.c 104 5 0 Nat. Bank of N.Z 2 5 3 Bank of N.Z. (2) 2 1 10 2 1 9 South British 2 9 6 Dominion Breweries .. .. 1 13 0 N.Z. Breweries 2. 16 9 Broken Hill Pty 2 11 0 Con. Brick 0 9 0 Dunlop Perdriau 1 1 9 Farmers Trading 0 19 9 Hume Pipe 0 18 0 M.K. Manufacturers .. .. 0 5 2 Macduffs (pref.) 0 15 6 Wilson’s Cement 0 19 0 Woolworths (Syd.) .. .. 1 3 9 Unofficial List— Una Hill 0 1 9 WELLINGTON Sales on ’Change— £ s. 'd. Wairarapa Farmers (pref.) 0 6 0 Macduffs (ord.) 0 8 3 Napier Borough Council, 1/4/59, 41 per cent. .. 104 15 0 Union Bank 8 4 o Bank of N.Z 2 2 0 Stock, 1949, 4 per cent. (2) .. 103 5 0 South British 2 9 6 Martha Gold .. •. .. .. 0 8 4 DUNEDIN Sales on ’Change— £ s. d N.Z. Breweries 1 16 9 Sales Reported— Otago Harbour Board Sales, 1/7/50, 41 p.c 105 0 0 Gear Meat 0 14 4 Taranaki Oil (3) 0 6 Broken Hill Pty 2 11 6 Macduffs (ord.) 0 8 4 Woolworths (N.Z.) 0 17 2 Mount Morgan 0 11 1

Banks— Australasia . . . S 17 0 — Comm, of Aust. . . c 16 6 C 16 7 Comm, of Sydney . — 21 0 0 E.S. and A — 5 1 3 Nat. of A'sia (£10) — 14 0 0 National of N.Z.. . — 2 5 6 New South Wales — 30 5 0 New Zealand . . . 2 1 7 2 1 9 D. Mort 1 7 6 — Union 8 4 0 — Insurance— New Zealand . ■ . 3 2 3 3 3 6 South British . . . 2 9 6 — Loan & Agency— Dalgety 7 3 0 — Goldsbrough, Mort 1 10 6 — Mutual Benefit . . 0 13 0 — National Mortgage “A" (pref.) . . 1 18 0 — “B” (pref.) . . 1 4 0 — N.Z. Guarantee Corporation . . — 0 3 11 N.Z.L. and Merc. (ord.) .... 36 0 0 —— United Building . 1 0 9 — Frozen Meat— Canterbury .... 10 0 0 — N.Z. Refrigerating (£1 paid) . . . 0 19 11 1 0 3 (10/- paid) . . 0 9 1 0 9 4 Woollens— Felt and Textiles 2 0 0 2 1 9 Kaiapoi (7/- pd.). 0 4 11 0 5 5 (Pref.) 0 17 0 — Oamaru .... — 0 19 0 Timaru ..... 0 9 0 — Gas — Auckland .... — 0 17 6 (Contr.) . . . 0 12 4 Christchurch . . . 1 5 0 1 7 0 (10/- paid) • . — 0 12 6 Breweries— Baillns (15/- pd.) . 0 13 0 — New Zealand . . . 1 0 1 16 8 Tooheys — 1 13 0 Tooths — 2 17 3 Miscellaneous— Alloy Steel (Aust.) —— 0 7 0 Anthony Hordern. 0 r. 3 0 15 6 Aust. C.I — 2 1 0 Beath and Co. . . — 0 16 0 Berlei (N.Z.) . . . 2 17 6 —— Booth, Macdonald (pref.) 0 2 9 — British Tobacco . . 2 12 0 2 12 9 Broken Hill Pty. . 2 10 0 2 10 9 Burns, Philp . . . 2 18 0 — Dunlop Rubber . . 1 1 3 1 2 0 Electro. Zinc, ord.) 3 0 0 3 1 6 (pref.)) .... 3 1 6 3 3 0 Farmers Trading . 0 19 0 — G. J. Coles . . . — 4 0 0 McKenzies Ltd.. . 2 5 0 2 6 0 Taranaki Oil . . . 0 7 5 0 7 6 Wilcox Mofflin . . 0 7 4 0 7 8 (ord.) — 1 4 0 (N.Z.) ord. . . 0 17 2 0 17 5 (N.Z.) pref. . . — 1 18 0 Properties . . . — 1 5 9 Aust. Mining— Broken Hill South —— 1 12 0 Mount Lyell . . . — 1 15 0 Mount Morgan . . 0 10 11 0 11 1 North Broken Hill — 2 11 0 Mining— Addisons Flat . . . — 0 1 3 Arahura — 1 18 9 Clutha River . . . 0 1 3 0 2 0 Grey River .... 0 17 9 0 13 6 Martha ...... —— 0 8 8 Ngahere. — 1 9 0

lu-unj’. uiiuvi wiie ui b is healthy. Sales were:— £ s. d. Bank of New South Wales 26 16 0 United Insurance 10 5 0 Adelaide Steam 1 13 0 Wool worths .. 1 1 u Consolidated Industries .. 1 15 3 General Industries 0 16 0 Gordon Gotch .. .. 2 10 Standard Cement 0 19 9 Electrolytic Zinc 2 13 6 Mt. Lyell .. .. 1 10 9 Broken Hill Pty 2 5 9 Kuala Kampar 0 15 0 Arahura 1 12 9 Toohey’s 1 7 104 Associated News 0 14 10 A.C.I 1 15 0 Dunlop .. .. 0 19 0 Felt and Textiles 1 17 6 Bank of New Zealand .. .. 1 16 0 Melbourne Commer, Bank of Australia 0 14 10 National Bank (£5 pd.) .. 6 3 6 Cox Bros 0 8 1 Heralds 2 13 6 Mt. Morgan .. 0 9 11 Loloma 1 12 0