FINANCE and COMMERCE.

Dominion, Volume 24, Issue 52, 25 November 1930, Page 12

FINANCE and COMMERCE.

STOCKS AND SHARES Wellington Exchange A FAIR DEMAND A Bale of Commercial Bank of Australia at 17/1 is the only transaction recorded on the Wellington Stock Exchange yesterday. There was a' moderate demand for shares and the buying. list was wider than on Saturday. , . Government securities were very slow, only the 5J per cent, bonds (1933) being in demand, and for these £99/10/- was bid, against sales last week at £99/17/0. Wellington Kacing Club debentures were steady at £lO3/10/-, and New Zealand Breweries, stocks and bonds, were 3d. up at 21/3. There was a fair demand for bank shares. Commercial Bank of Australia were wanted at f?/-, with a sale at 17/1. National Bank of New Zealand were steady at £o/12/6. Bank of New South Wales were in demand at £32, ns against sales last week at £32 7/0. Bank of New Zealand were steady at 56/10, and the long term mortgage shares at 20/3. For Union Bank £9/12/0 was bid, while last week they changed hands at £9/15/-. New Zealand Investment Mortgage at 10/-, Wellington Investment at 10/3, and N.Z. Guarfantee Corporation at 7/- were steady and unchanged. South British Insurance were wanted at 50/-, and N. Z. Refrigerating, 20/- paid, at 8/7; Huddart-Parker, pre ference, were steady at 19/5; Tauplrl Coal, ordinary, were Od. up at 22/-; New Zealand Breweries dropped 3d. to 40/9; the halfyear's dividend of this company is at the rate of 12J per cent. Staples and Co. were steady at 39/-. Dominion Investments were up 3d. at 21/0; Electrolytic Zinc preference at 18/were down 3d. on the previous bid; National Electric were steady at 8/3; N.Z. Farmers’- Fertiliser were 3d. higher at 10/-; Taranaki Oil were wanted at 2/-, Hume Pipe at 10/-, and Wilson’s Cement at 40/-. Mount Lyel were Od. lower at 19/3.

Dividends Payable When Company. Rate p.c. Period, payable. Mosglel Woollen . 0 Half-year Nov. 12 Queensl’d. Nat. Bk. 8 Quarter Nov. 13 E.S. &A. Bank .. 7J Half-year Nov. 13 Burns, Philp & Co. 5 Half-year Nov. 15 Taupir! Coal .... 5 Half-year Nov. 15 ! National Insur. sd.* Half-year Nov. 21 Northern Steam . 4 Half-year Nov. 25 Dalgety & Co. .. 5 Half-year Nov. 25 Wilson's Cement . 5 Half-year Nov. 26 Nat. Bk. Außt/asia 4} Haif-year Nov. 26 Leyland O'Brien 10d.* Half-year Nov. 2(1 Abraham and Williams 21 Half-year Nov. — Westport Coal .. 3} Half-year Nov. — Con. Brick & Pipe 3 Half-year Nov. — Grey Valley Coal 3 Half-year Nov. — N.Z. Paper Mills . 3} Half-year Nov. 28 Australian Glass 3 Half-year Dec. 1 Henry Jones Co-op. 3? Half-year Dec. 1 N.Z. Breweries .. 6$ Half-pear Dee. 4 N.Z. Loan & Merc. 2 Half-year Dec. 5 Bank of N.Z. ... 1/4* Half-year Dec. 8 Kauri Timber .. 2j Year Dec. 11 P. & O. def. stk. 5 Half-year Dee. 15 Mount Lyell .... 5 Year Dee. 17 Morris I-ledstrom 3 Half-year Dec. St Nat. Bk. of N.Z. 8 Half-year Jan. 3 Union Oil .... 1/3* Half-year Nov. — Gisborne Gas Dividend passed. *Per share. P.O. SAVINGS BANK Heavy Withdrawals The Post Office Savings Bank returns for the five years ended September 30 compare as under: — Excess-of With- witliDeposits. drawals. drawals. £ £ £ 1926 30.264.051 31,227,574 962,623 1927 27,690.431 30.556,151 2,856,720 1928 27,426,375 29,139,616 1,713,271 1929 28,471,420 28,152.021 "319,408 1930 26,750,202 30,294,017 3,543,815 •Excess of deposits. In the six years the deposits aggregated £140,012,388, and the withdrawals to £149,360,400, the excess of withdrawals for the period being £8,757,021. In the last year the' deposits were small, while the withdrawals were exceptionally heavy, the withdrawals in the June and September quarters of this year being about £2,200,000. The, Post Office Savings Bank allows a generous rate of interest for what are practically demand deposits, but notwithstanding this the amount at credit of depositors must be contracting. AUCTION SALES TO-DAY. Premises 122 Vivian St., 10.30 p.m.— Valuable’ shop 'fittings (E. Johnston & Co.) Levin Sale. ■ ■ ■ Auction Aroadc, Courtenay Place, 10.30 a.m.—Sale Drapery (Samson Bros.) TO-MORROW. Rooms, 2.30 p.m.—Mortgagee’s . sale property, Aro Street (S. Harcourt). 14 Brandon St., 2.30 p.m.—Public Trust sale city and suburban properties (H. Corner *Abe? t Smith St. and The Terrace, 2.30 p.p.T-rSale building sites (J. H. JolinsmiViflV'saleyhrds.-—Fat Stock Sale, a’/e Ernest 'Nielsen (W.S. & Co., Ltd.) Johnsonville ’Eat Stock Sale. t Bl Nairn-St., 1 P-m.-—Sale furniture, etc. (Doherty Auctioneering Co.) THURSDAY. Wilf. Mexted’s Yards, Tawa Elat’ 1 P- n ?; Unreserved clearing sale (W-S. * LfaU

DEALINGS ON ’CHANGE Yesterday’s Business RETURN ON INVESTMENTS The following sales were recorded on the Stock Exchanges of the Dominion yesterday. The first column gives the price nt which the sales were made. In the second column Is given the returns, based on the last dividend, from Investment at the Quoted price. In the case of Government and other redeemable securities, the return includes redemption.

NEW COMPANIES Recent Registrations Registration of the following new companies is reported in the "Mercantile Gazette”:— Godfrey & Taylor Ltd., private company, 67 Riddiford Street, Wellington South. Capital, £5OO into 500 shares of £1 each. Subscribers: Seatoun —T. 8. R. Taylor 250, H. A. Godfrey 250. Objects: To carry on business of general storekeepers. N.Z. Traders’ Bookkeeping Service Ltd., private company, Ghuznee Street, Wellington. Capital, £2OOO into 2000 shares of £1 each. Subscribers: Petone —J. W. C. Young 1900, R. Young 100. Objects: To carry on business of accountants and auditors, business brokers, etc. DE LUXE GARAGE LTD., private company, Kent Terrace, Wellington. Capital, £3OO into 300 shares of Bl each. Subscrilbers: Wellington—A. C. Mackenzie 150, N. J. Greenwood 150. Objects: To carry on business, of motor engineers, repairers, cleaners, etc. ' Petrie. John Ltd., private company. Capital, £4600 in 4000 shares of £1 each. Subscribers: Stratford —J. Petrie (the elder) 3600, J. Petrie (the younger) 400, A. G. Petrie 400, J. Petrie the younger and A. G. Petrie 200 Objects: To acquire and take over the business of goldsmith, silversmith, jeweller, etc. .Midget Golf Course (N.P.) Ltd., private company, New Plymouth. Capital, £6OO in 600 shares of £1 each. Subscribers: G. H. Saunders 120, F. Whitaker 120, W. D. Graham 120, J. McLeod 120, C. H. Wynyard 20, S. Rogers 100. Objects: To carry on the business of golf course proprietors and refreshment room proprietors and ca-Vul-Tyre Rubber Co., Ltd., private company. Capital, £250 in 250 shares of £1 each. Subscribers: Auckland —W. Walker 100, R. M. Walker 50, J. C. Cowan 100. Objects: Repair and deal in machinery, etc., and incidental. Prosser Ltd., private company, Timaru. Capital, £3400 into 1000 pref, shares of £1 each and 2400 ord. shares of £1 each. Subscribers: Timaru—J. Munro 1000, R. Prosser 2390; V. E. B. Prosser 10. Objects: To carry on the business of builders, contractors, etc. New Zealand First Aid Service Ltd., private company. Christchurch. Capital, £550 into 550 shares of :£1 each. Subscribers: B. F. Higgens 250, J. A. Hughes 100, R. F. Buchanan 100, W. F. E. Tyson 100. Objects: To acquire and take over the business of surgical bootmakers, chemKelser, Limited, private company, Invercargill. Capital, £2OO in 200 shares of £1 each. Subscribers: Invercargill—T. F. Kelly 48, E. C. Service 48, H. Mason 52, G. O. Robinson 52. Objects: To exploit patent for sanitary conveniences. Naims Ltd., private company, Tuatapere, Southland. Capital, £4OOO in 4000 shares of £1 each. Subscribers: Tuatallere—A. L. Nairn 3999, F. B. Nairn 1. Objects: General storekeepers. MOTUROA OIL FIELDS, LTD. Moturoa Oil Fields Ltd. yesterday received the following report from Moturoa for the week ended November 22: —No. 1 well drilled to 3310 feet in sandy shale and mudstone. No further developments below 3000 feet. Made cement bridge at 2700 feet, and allowing six days for cement to set before testing upper producing horizons. The following reduction of capital Is announced in the "Mercantile Gazette’:— Unique Advertising Service Wellington. Capital reduced to £50,000 divided into 100,006 shares at 5/- and *OO6O

WELLINGTON. Sale price. Yield p.c. £ s. d. £ 8. d. Comm. Bank of Aust. 0 17 1 8 15 7 AUCKLAND. £ s. d. £ e. d. Bank of N.S.W. 32 0 0 6 5 0 Colonial Sugar 34 15 0 7 3 10 Inscr. Stk., 5| p.c., 1030 99 7 6 5 12 6 Auck. City, 5} p.c., IMO 95 0 0 5 18 6 Mount Lyell 0 19 9 10 2 6 Waihi G.M . 0 14 0 — CHRISTCHURCH. £ s. d. £ 8. d. Aus. Bank of Com. .. . 0 19 0 7 7 4 Com. Bank of Aust. . . 0 17 1 8 15 7 Dn . 0 17 2 8 14 9 N.Z. Breweries (2) ... .226 5 17 8 Do .223 5 18 4 Do. (2) ’• (2) .... 2 2 2 .221 5 18 5 18 7 9 Colonial Sugar . 34 15 0 7 3 10 Sales reported: Bank of N.S.W . 32 5 0 6 4 0 Goldsibrough Mort .. .12 0 9 1 9 Banks Pen. Power Bd., 0 p.c., 1958 101 5 0 5 18 1 N.Z. Breweries . 2 2 4i 5 17 11 Electro. Zinc, pref. .. . 0 18 5 10 17' 2 DUNEDIN. £ s. d. £ s. d. N.Z. Breweries .223 5 18 4