STOCKS AND SHARES

Dominion, Volume 24, Issue 58, 2 December 1930, Page 14

STOCKS AND SHARES

WELLINGTON EXCHANGE A SLACK MARKET Features of the Wellington Stock Exchange list issued after the final call yesterday were the scarcity of buyers.and the large' number of sellers quotations. There were only sixteen bids with an entire absence of'seekers for banks, gas, inaurance find meat shares. , Government securities, were J 6l ? wdre steady at. £lO3/10/4 New wereolfed& sale at £3O ex dividend, Un on Ba „“5 at PO/lft/- and Commercial Bank at 16/3. The biddirfg for Goldsbrough Mori and Tawlri CoaWt ““ New Zealand Breweries were steady at 2"/3 but Staples and Co. were 6d. down at 30/-. British Tobacco were in demand nt 30/- and Burns Philp and Co. at-3 0/. S at° ly i7/3. National Electric were wanted at 8/8, and Hume Pipe at 9/ ■

; MURCHISON OIL CO. "Annual Meeting at Auckland ' The .annual meeting of the Murchison Oil Company, Limited, was held in Auckland on Thursday. The directors' report (dated that an additional £1378 was subscribed by shareholders during the year. ; In March the directors' were invited ■ to place a definite proposition before one of the leading English oil companies, and full data, maps, and proposals were sent to England. .After a good deal of delay and several cablegrams had been sent, advice Was received from the English company mentioned that after full examination of the maps, reports, etc., their geologists were of the oninlon that the area of the sedimentary rocks was too small to justify their interest. By the last outgoing mail a further effort has been' made to interest, in the project certain people in England, who are interested in oil production. The directors consider the position in New Zealand does not justify any appeal being made to the public at the moment. .. ' ; The company’s assets remain unencumbered, and application has been made for the return of £275 prospecting deposit in respect of the Mangles area. General development expenses amount to £532, of which £333 is rental on leasehold areas paid to.- the Government. No brokerage was incurred in connection with the sale Of shares disposed of since last annual meeting. Calls in arrear remain at the same figure of £lOO and the directors Boe little chance of'collecting this amount nt p reseat. Bundry creditors, £535/17/8, includes £302 salaries and wages to Staff, £2OO liability'for. rents to leasehold owners, and £33 for 1 sundries. It should be .noted that the amount owing to sundry creditors has been reduced during the year by £520/12/9, and it is expected that the amount now shown as outstanding can be further reduced, and negotiations to dhls end are now engaging the attention .of the directors. .. ; . , AUCTION SALES ; TO-DAY. ’ 0 Brougham St., 10.30 a.m.—Sale .of furniture (E, Johnston & Co.) Levin Sale. to-morrow: Rooms,- Panama St., 2.30 p.m.—Sale land - and ■ property a/c Supreme Court, 102 . . .Sutherland Road, Lyall Bay (Harcourt .and Co.). Rooms, Bank N.Z. Chambers, Lambton Quay, 2.30 p.m.—Mortgagee’s sale property, Lincoln Avenue, Lower Hutt JC. E. Tolhurst and Son), A. and P. Bldgs., Perry St., Masterton, 2 p.m.,—Mortgagee’s sale property situate ,Renall. St.,. Masterton, lately occupied by Mr. .James Gabriel Wallaco (H. M. Morton and Co.). RoOms; 14 Brandon St., 2.30 p.m., high-class ■suburban homes (H. Ernest Leighton, i • Ltd,). Rooms, .43 Panama St., 2.30 p.m.—Public Trust sale properties, Miramar, Island Bay and Johnsonville (Finch, Webster ?and Oswln). Pukcora Sanltorium. Waipukurau—Sale of j purebred White Leghorn poultry (Dalgety and Co., Ltd.). Johnsonville fat stock sale, 1 p.m. Promises, 163 Klddlford St., 10 a.m.—Com- ■ plete stock of fancy goods and stationery business; also fittings of a grocery business (Dunbar Sloane, Ltd.). « WlSn St. 12.30 p.m-Pawnbrokers’ «• daVs- (E. Johnston and Co J. Johnsonville kaleyards,' f “ If. implements (W.S. & Co., Ltd.} THURSDAY. mtzherbert St., Palmerston North. 1.30- • Special sale sheep (Dalgety & W JCtoSMW SbM JMO. -

Dividend List Period .< Payable Australian Glass .3 Half-year Dec. Henry Jones .qo-,, 3} Ha]f . year :Dec . 1 nT Breweries:. Gi' Half-year Dec. 4 N Mer^Stiie n<1 .• 2 ' ' Half-year Dec. 4 Bank of NZ. ... 62-3Half-year Dee. 0 MM: hSI,.., N«l U lBauf « Half-year ; aaib ,3' Grey. Valley Coal 3 Half-year, Dec.— Detonport Ferry ; 33 Half-year :Oec.:15 Bank P NAW. "1 Quarter Dec.