THE SHAREMARKETS

Wanganui Chronicle, 29 April 1949, Page 10

THE SHAREMARKETS

DOMINION EXCHANGES. AUCKLAND, Last Night (PAL— Sharemarket: 1/8/51-54 3 (£430), £lOO ss; 15/12/53-56 3 (£200), £lOO 15s; 15/11/57-60 3 (£1200), £lOO 17s t 6d; 15/4/60-63 3 (£255), £99 12s 6d; , Dominion Breweries (400), 65s 9d; > Auckland Gas (200), 7s 7d; National I Insurance (40), 20s 6d; South British j (30) 84s 9d; N.Z Insce. (40), 89s 3d:■ do. (400) 89s; Felt Textiles N.Z. pref (200), 23s 6d, Electrolytic Zinc I pref (100), 58s 6d; Farmers' Trading I C pref (100), 245; Geo Court (50), | 58s 6d; Grey Menz (500), 20s; Forest' Products (1000), 5s 6d: do pref. (704), 12s; Robinsons (50), 42s 6d; Woolworths N.Z. (200), 22s 7d; Wool-1 worths Sydney (1000), 21s 6d; Em-1 peror (300), 7s 9d. Unlisted: Innes Industries pref. (200), 25s 3d. WELLINGTON, Last Night (PA), j —Stock Exchange Sales Yesterday: 2800 2i p.c. 1/10/53, Stock, £9B 10s; j 400 Acetone Welding preference, new , issue, £1 2s 9d; 25 Colonial Sugar (2 I sales), £54; 300 Mac Duffs Limited,; 10s; 100, National Electric, £2 13s; 100 Cash Orders Amalgamated ordinary, | £1 5s 6d; 150 Electric Meter Allied , Industries, £1 8s 61. Sales Today: £2OO 3 p.c. May, | 1953-56 Stock, £lOO 17s 6d: £5OO 3 p.c. December 53-56, Stock, £lOO 15s; £5OO j 3 p.c., 1055-58 Stock, £lOO 2s 6d: i £lOOO 3 p.c. 1962-64 Stock, £lOO ss: I 100 Commercial Bank of Australia. £1 Is 9d; 200 N.Z. Breweries, £2 8s 3d; 50 South British Insurance, £4 4s 9d; 400 N.Z Guarantee Corporation (2 sales), 5s sd; 200 Felt and Textiles N.Z. pref., £1 4s; 450 Mac Duffs Ltd., 9s lid; 500 Mac-Duff.: Holdings Limited, pref., 10s 7d; 350 Reid Rubber pref., £1 Is 3d; 700 W.F.C.A., pref., j £1 Is; 450 Whakatane Board, pref.,' £1 Is. DIVIDENDS DECLARED. I I The accounts of the Radio Cor-! poration of New Zealand, Ltd., for J 4he year ended December 31, 1948, . show a net profit cf £3946, compared with £3797 the previous year. The ; directors recommend the payment of ' an unchanged dividend of 3* per cent. j free of social, security tax, which will , absorb £2BOO. The sum of £lOOO is! written off the brokerage account. • This leaves a carry forward of j £6897 against £6752 brought in The ; gross profit for the year was £40,812, ! against £39,810 the previous year. The directors state that advances i to the subsidiary Radio Centre, Ltd., I which on the previous balance-sheet , amounted to £24,219 were, during the year, transferred to capital by the. issue of 24,900 £1 shares to the Radio : Corporation of New Zealand, Ltd., j bringing the total capital of Radio , Centre, Ltd., to £25,000, the whole of' which /is owned by the parent com- i pany. The directors are not transfeiring any profit of the subsidiary ! company to the parent company, ! feeling that it is better to hold extra ' reserves. The asset*, of Radio Centre, 1 Ltd., on the last balance-sheet (June 30, 1948) were £81,606, less liabilities 1 of £48,310, leaving a balance of £33,296. North Broken Hill, Ltd., is paying a half-yearly divicend of 3s 6d a share on June 23 tex May 10). The Equitable Building and Investment Co. of Wellington, Ltd., is pay-; ing a final dividend of 3 per cent., | making 6 per cent for the year, ex May 14. Last year'it was 6 per cent. 1 plus a septuagenary bonus of 3 per cent.