COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 257, 29 October 1931, Page 6

COMMERCIAL.

Quotations on Stock Exchange. CHRISTCHURCH. Following are to-day’s quotations:

Sales on ’Change—Commercial Bank of Australia, 15s fid, 15s 7d (two parcels); English, Scottish and Australian Bank, £4 10s, £4 8s; Goldsbrough Mort, 22s lid (three parcels); New Zealand Refrigerating (10s paid), 4s Id, 4s 2d; British Tobacco, 255; Golden Point, 9d (two parcels). Sales Reported—English, Scottish and Australian Bank, £4 10s fid; Bank of New Zealand. 47s fid; Goldsbrough Mort, 22s 4d; Staples Brewery, 27s 9d; Tooths Brewery, 20s. Number of Share*. g 300 Commercial Bank of’Australia 80 E., S. and A. Bank 100 Bank of New Zealand 400 Goldsbrough Mort 300 N.Z. Refrigerating (10s paid) 100 Staples Brewery 100 British Tobacco 1000 Golden Point 150 Tooths Brewers'. GOLDEN BAY CEMENT. The directors of the Golden Day Cement Co., Ltd., report a profit of £l4B 3s 3d for the year under review, ended June 30, 1931, after allowing for depreciation in the working plant; but there is some of the old plant still to be written off. This will he dealt with in future accounts, but in the meantime it is expected that a sale of some of this old plant will be effected. “The profit would have been substantially greater but for extraordinary expenses inseparable from a change-over to new machinery,” the report continues. “ The directors advise shareholders that whilst the new plant has been working quite satisfactorily since it commenced work last year, the company has suffered in common with others through the general depression in trade. The returns of the reduced number of building permits Is sufficient indication of the position, and owing to this, on two occasions during the year, the cement storage was full and it was necessary to shut down the works for a period. The turbine which was purchased in Australia last year on very favourable terms, has been transported to the works, erected, and Is now on load and is working satisfactorily, and the result is that ample power for all purposes is now available. When conditions improve in those branches of industry which require cement, this

company is now fully equipped to supply requirements with cement of the highest quality.” During the year Mr H. L. Nathan resigned from the board in order to create a vacancy to enable Mr C. W. Salmon to be re-appolnted to the board. Mr Salmon was appointed to the board, and his appointment requires confirmation by shareholders. Mr J. M. A. Ilott, shareholderdirector, and Mr J. S. Macarthur, de-benture-director, are retiring directors, but both being eligible offer themselves for re-election.

Buyers. Sellers. £ d. £ d. N.Z. GOVT. STOCK41 p.c. Inscr., 1939 0 41 p.e. Bonds, 1938 0 44 p.c. Bonds, 1939 98 0 0 5J p.c. Inscr., 1932 99 10 100 5$ p.c. Inscr., 1933 99 0 0 54 p.c. Bonds, 1933 98 10 51 p.c. Inscr., 1936 99 7 51 p.e. Bonds, 1936 99 54 p.c. Inscr., 1937 99 7 6 51 p.c. Bonds, 1937 99 7 6 100 0 0 OTHER DEBENTURES Invercargill Borough, 51 p.c., Makerua Drainage 6 p.c., 1946 .... Taihape Borough 6 p.c., 1932 98 12 6 Bay of Plenty Electric 53 p.c., 1 963 0 Hauraki Plains 6 p.c., 1961 100 0 0 BANKS— Adelaide (cum div.) Aust. of Comm. . Australasia .... S 14 Comm, of Aust. . 0 Comm. of Aust. (pref.) 6 2 Comm, of Sydney . 13 7 6 E., S. and A. .... 4 Natl, of Australasia (£5 paid, cum div.) .... 4 10 0 National of New Zealand 4 2 New South Wales 26 2 6 0 New Zealand .... 2 5 6 Union of Aust. . . 8 1 0 8 12 6 INSURANCE— National (cum div.) 0 12 1 South British 2 10 Standard 2 3 0 LOAN AND AGENCY— Dalgety and Co. . 7 6 0 7 0 Goldsbrough Mort 1 2 10 1 2 11 United Building Society 0 14 7 SHIPPING— P. and O. Deferred Stock . . 1 6 0 FROZEN MEAT— Canterbury (ord.) 3 0 0 Canterbury (pref.) 5 0 0 N.Z. Refrigerating (£1 paid) 0 10 0 N.Z. Refrigerating (1 Os paid) .... 0 4 1 0 4 2 COAL— Westport 1 2 6 1 3 0 Stockton (pref.) . 0 1 6 GAS— Christchurch .... 1 4 9 Christchurch (10s paid) .... 0 12 0 BREWERIES— Carlton (cum div.) 1 2 6 New Zealand .... 1 13 1 1 13 S Fosters (cum div.) 1 10 0 Monteiths 0 Staples 1 10 0 Tooths 0 19 9 1 0 5 MISCELLANEOUS— Beath and Co. . . 0 18 0 1 3 0 Beath and Co. (Is paid) 0 0 6 0 1 6 Beath and Co. (pref.) 0 19 9 British Tobacco . 1 9 1 5 1 Colonial Sugar . . 3b 0 0 Dominion Builders Supplies 0 1 6 0 4 0 Dunlop Perdriau Rubber 0 10 6 0 13 0 Electrolytic Zinc (ord.) 0 10 9 0 13 7 Electrolytic Zinc (pref.) 0 16 7 0 17 1 Henry Jones Coop 1 0 0 Moturoa Oil .... 0 5 0 Mount Lyell .... 0 19 3 0 19 6 N.Z. Drug Co 6 9 2 8 6 N.Z. Farmers’ Coop. (64 p.c. stk.. 1940 and 1945) . 44 0 0 Quill Morris .... 0 1 3 0 4 0 United Pictures 0 14 0 1 Victoria Nyanza Sugar G 10 0 Wilson’s Cement . 1 15 0 Woolworths (N.Z.) (pref.) 1 *4 3 1 6 3 MINING— Cornish Point 0 0 34 0 0 5 King Solomon 0 2 3 0 2 54 Mahakipawa 0 0 6 0 0 64 (pref.) 0 0 7 0 0 10 Okarito 0 1 L Waihi (cum div.) 0 16 3 Waihi (pref.) 0 3 0 0 4 0 6 7 0 10 0 Golden Point .... 0 0 81 0 0 9 North Broken Hill 8 <> 2 15 Rawang Tin .... 0 4 6 0 6 Kuala Kampar . . 0 6 6