COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 184, 5 August 1931, Page 4

COMMERCIAL.

STOCK EXCHANGE. CHRISTCHURCH. Following are to-day’s quotations:—

Salesi on 'Clianf«*-New Zealand Br*w*rles .28* 6<3 <ti); King Solomon. 2s id: Mi‘hakipawa, Tid (4): Okarito. 10s 2d. Sales reported—H.l.C. (10s paid, nrrl ) 11s 7d; New Zealand Breweries, 2Ss lid.

Number of Shares. 11 900 New Zealand Breweries. 150 D.I.C. (ord., 10e paid). 200 King: Solomon. 3000 Mahakipawa. 100 Olcarlto. IMPORTS AND EXPORTS AT LYTTELTON FALL. Imports through Lyttelton for July. 1931 j jshow a decline in tonnage of 10,232 compared with the tonnage for July. 1930. Exports have fallen by C6IBJ tons. The figures are as follow':

OTHER EXCHANGES. Per Press Association. WELLINGTON. August 5. New Zealand Breweries. 28s 9d. WELLINGTON WOOLLEN. The directors of the Wellington Woollen Manufacturing Company. Ltd., report as follows:—Shareholders, in receiving this, the forty-eighth balancesheet and statement of profit and loss for the twelve months ended June 30, 1931, will be pleased to learn that the directors, after writing down stocks and making other necessary provisions, are able to recommend the payment of a further dividend of 3 per cent (making 6 per cent for the year) on both preference and ordinary shares and that the remainder, £3083 2s ljd. be carried forward. Tne usual sum of £SOOO has been written off for depreciation of plant and buildings, which have been well maintained out of revenue. The commercial depression mentioned in several preceding reports became more acute within the year, resulting in the company's output being materially lessened. The wool market fluctuated considerably, which added difficulty to trading, ana the earthquake at Hawke's Bay in February also hampered business in a large part of the Dominion where the company’s products were formerly in firm demand. The directors to retire are Messrs J. r. Dyer and A. E. Mabin, who offer themselves for re-election. Messrs H. rCember and Son F.P.A.N.Z.. and E. W. Hunt, b .P.A.N.Z., again offer themselves for the position of auditors. . The balance-sheet Shows, among liabilities, capital £300,000; reserve, including fire insurance reserve. £69,100; bank, sundry creditors and employees’ deposits, £63,031; profit and loss, less interim dividend. £12.083. Assets Include freehold land, buildings, plant (less depreciation), £226,331; stocks of raw materials and goods, £168,130; sundry for > o° r ’ S i £u-,592; and bills receivable, i-oST, less reserve for bad debts ami discounts, £5903; insurance premiums and cash in hand, £596. BANKS AND PUBLIC. In view of the many erroneous and mischievous statements that are being continually made by members of the community, which are detrimental to the .banks, and the need that exists for people lo be correctly informed as to w'VIV.' 1 ,' , “ nk,n <’ up.-rationx. the recent vYillington conference of the v,.\v Zealand Bank Officers' Ouild recommended that the Associated Banks publish from « t£lt <;nients (aswas done i ecentlj in connection with the cost of the note issue) “ t.. enable members of the staffs discreetly to counteract the concerning the banks which arc so widely held and expressed."

Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVT. STOCK— 4h p.c. Inscr. and Bonds. 1938 .... 99 15 0 100 5 0 4J p.c. Inscr., 1939 99 10 0 100 5 0 p.c. Bonds. 1936 99 5 0 5.J p.c. Inscr., 1937 99 5 0 p.c. Bonds, 1937 99 7 6 OTHER DEBENTURES— North Canterbury Hospital 52 per cent, 1940 100 0 0 101 0 0 Bay of Plenty Electric 52 per cent, 1963 101 0 0 BANKS— Aust. of Commerce 0 13 6 Australasia .... S 10 0 9 0 0 Comm. of Aust. (cum div.) 0 13 9 0 13 11 Comm, of Aust. (pref., cum div.) 5 10 6 5 15 0 E., S. and A 3 9 0 3 17 0 Natl. of A’asia (£10 paid) .... 900 9 15 0 Natl. of A’asia (£5 paid) 4 0 0 Natl, of New Zeal**nd 4 0 6 4 3 6 New South Wales (cum div.) .... 23 17 G 24 5 0 New Zealand .... 2 8 6 2 8 11 New Zealand (“D" Mort. shares) . . 17 0 Union of Aust. . . 6 9 0 6 10 6 INSURANCES— National 0 12 10 New Zealand (ex div.) 119 o 2 1 0 LOAN AND AGENCY— Dalgety and Co. . . 6 6 0 Goldsbrough Mort. 0 19 4 0 19 7 National Mortgage 2 0 0 2 6 0 N.Z. Guarantee Corpn 0 4 9 0 5 0 United Building Society 0 14 1 0 15 6 SHIPPING— Union (pref.) .... o 19 0 FROZEN MEAT— N.Z. Refrig. (£1 , ■■■■ 0 30 3 0 11 3 N.Z. Refrig - . (lus Paid) 0 -3 1 0 3 3 WOOLLENS— Kaiapoi (17s pd.) 0 5 0 0 7 0 Grey Valley 0 17 G Westport 1 1 0 GAS— Auckland 1 9 G BREWERIES— New Zealand .... 1 S 6 1 S 7 Tiniaru 5 13 0 aimaru (os paid) 0 4 4 0 5 6 Tooths 0 10 0 0 16 11 MISCELLANEOUS— ' A m a 1 g am ated Wireless (contr.) 0 15 0 Australian Glass 14 0 Beath and Co 1 2 3 Beath and Co. (Is „ paid) 0 2 4 0 3 (i Colonial Sugar .. 33 10 0 35 0 0 £, Ir »unt Lyell 0 1C 9 01611 Drug Co. 2 10 0 N.Z. farmers Coop. (6£ per cent Stock, 1940 and BH5) 50 0 0 Quill Morris .... 0 7 e United Pictures . . O 27 o Whitcombe and Tombs 2 12 0 Woolworths (N.Z.) Pref 1 3 6 1 6 0 MINING— King Solomon .... o 2 l 1 * o 25** Mahalcipawa .... 0 o 7* 0 o T* M alukipaw a (pref.) 0 0 9 Okarito 0 10 0 0 10 2Waihi \ . ■ 0 16 o Waihi Grand . Junction ...... 0 3 f-0 1 0 4 o Goldeh Point (Is pa id) 0 1 5 0 1 S Golden Point (PUd paid) 0 1 A 0 1 7' Golden Dawft . .. •. 0 6 6 0 9 9

Imports. July, July, 2931. 1930. Tons. Tons. From British ports 3,957 2,864 From foreign ports 11,776 15.498 From int.-col. ports 7,626 8,31 9 !• rom coastal ports .. 7,853 14,764 Totals .. 31,212 41,445 Exports. To British ports . 5.235 6,393 T o foreign ports . 1851 655 To int.-col. ports . 289 532 To coastal ports . .. 18,198i 22,9271 Totals . . 23.908 30,5271 Total tonnage tandled—J Uly 1931, 35,.126; July, 2 9.10, 72,020.