COMMERCIAL

Evening Star, Issue 20592, 18 September 1930, Page 9

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. No sales were reported or recorded on the Stock Exchange this morning. Dank of New South Wales had buyers at £3O, without sellers. This is the first occasion for some days that there has been no selling quotation for the stock. Bank of New Zealands wore inquired for at £2 15s, with sellers, at £2 16s. Union Banks bad a buyer at £9 15s, sellers asking £lO 2s 6d, Crystal Ices were steady with buyers at £1 Is, and sellers not prepared to quit under £1 3s. For Kildares buyers improved thenquote to Is 3d, with sellers at Is ltd. These shares are now paid up to 2s, with no liability thereon, and with the return of 2280 z the company’s . prospects have improved considerably. Okaritos had buyers at 7s, with no seller under 7s 6d. Another wash-up in this company is expected in the next few days. There was the usual strong demand for 4£. per cent, free of tax ■ bonds, with no sellers quoting.

DATES OB 1 DIVIDENDS PAYABLE. Huddart, Parker (ord., interim), 9 3-sd, to-day, Huddart, Parker (pref., interim), 7 l-od, September 18. N.Z. Drug Co. (£2 paid, interim), Is 9 3-sd, September 24. Dominion Investments (final), Is 7 1- October 2 (approximately), Wright, Stephenson (interim), 8 2- October 6. MOTUROA OIL FIELDS. The following progress report for the week ending September 13 has been received from the Moturoa Oil Fields, Ltd:—Now drilling up j casing slips lost while endeavouring to free Sin casing. SYDNEY WOOL SALES. Prc»» Association—By Telegraph—Copyr'ijhi. SYDNEY, September 17. Ax, the wool sales tho offerings were 11,543 bales, of which 5.765 were sold, while 5,231 were disposed of privately Ail wools showing quality mot with a good demand, and sold at late rates. Faulty and broad-fibred were practically neglected, requiring heavy withdrawals. Greasy merino made 16id. SKELTON, FROSTICK, AND CO. [Pr.u United Press Association.] CHRISTCHURCH, September 17. Tho annual report of Skelton, Frostick, and Co., Ltd., boot manufacturers, states that the profit and loss account shows an adverse balance Of £9,477, which includes a loss of £3,877 carried forward. The volume of business during tho year was less. This was due to the depression, The directors have decided to close the Wellington branch and to close d6wn tho indent department. They recommend that ordinary capital of £30,362 10s, representing 12,145 fully-paid shares of £2 10s each, be written down by £1 10s to £l. Tho directors also ask the preference shareholders to forego dividends of which there is an accumulation of £5,000 unpaid to March 31, 1931. DUNEDIN STABR-BOWKETT SOCIETY. A meeting of shareholders of the Dunedin Starr-Bowkett Building Society was hold in the Oddfellows Hall, Stuart street, last night. Mr S. Smith occupied the chair. The 120th appi’opriation of £SOO in the No. 4 group was balloted for, cluster No. 398 being drawn, held by one shareholder. The sixty-eighth appropriation of £SOO in No. 5 group was disposed of by ballot, and was drawn bv duster No. 356, hold by one shareholder. The forty-first appropriation in No. 6 group was also disposed ol by ballot, and was drawn by cluster No. 170, held by pne shareholder.

SALE OP STUD JERSEYS. [Per United Press Association.] HAMILTON, September 17. Tho national Jersey bull sale opened to-day with an average of 44gs for seveny-one head sold. Tho top price was paid for Waipiko Love Boy, on account of Mr C. G. C. Dermer, 1* iglding, by Mr A. Crowther, Matamata. Waipiko Caravel, on account of tho same vendor, was purchased by Mr J. B. Aickcn, Pukekohe, for 235g5, and 170 gs was paid for, Meadowvale Oxford Sultan, by Mr C. Stevens, Whangarei. Mr S. Irwin Crookes, Whangarei, secured the four-year-old Santa Rosa Golden Chimes for 135 gs. War Bride Prince, on account of Mr H. Salway, Bell Block, changed hands at 102 gs, tho purchaser being Mr R. J. Botham, Te Aroha. The senior championship of the show was won by Mr J. A. Mitchell’s Santa Rosa Golden Chimes. Mr C. G. C. Derraer’s Waipiko Love Boy, which was sold for 270 gs, won tho two-year-old championship. . LONDON WOOL SALES. Pret* Association—By Telegraph—Copyright. LONDON, September 17. .(Received September 18, at 9.20 a.ra.) At the wool sales 10,423 bajes were offered, including-5,979 from New Zealand. About 5,850 were sold. There was a poor selection of meriuoes and a good supply of New Zealand sorts, with steady competition. Tho opening rates were confirmed. There were some withdrawals of slipes owing to the high limits. ■ . New Zealand greasy cross-breds, “Pakira,” '9d and SJd; “ Waireka,” 9d and Bid. Half-breds—- u Setter Cairn,” ll|d; “ Mount Gladstone,” 10}d and 9;jd. Scoured merino, “Eaudco/T” 23d; greasy crossbreds, “ Ercwhon ” llj[d; slipes, “ Tomana/T ” 12td; scoured halfbreds, “ Winterslow ” combings 20d, pieces, 19d. The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cable from London, dated September 16:—There was a full attendance at the opening of the sales to-day. Competition by Home and Continental buyers was fairly active and prices, as compared with the close of preceding series, ruled about the same for merino superfine, 5 per cent lower for other merino wool, 5 per cent to 7J per cent, lower for cross-bred greasy, 7\ to 10 per cent, lower: for cross-bred slipe and crossbred scoured. Tho opening catalogues were fairly representative. Messrs Dalgety and Co,, Ltd., have received the following cable from London, dated September 16:-r-The wool sales opened with large attendance, good selection, and hesitating competition. The French and Home trade buyers are quiet, but there is an active demand from Germany. As compared with closing rates of last series, best scoured merino 5 to 1\ per cent lower, scoured merino other descriptions 7A to 10 per cent, lower, finest greasy merino unchanged, other descriptions greasy merino 5 per cent lower, lino cross-bred 5 to 7J per cent, flower, medium greasy 1 cross-bred 5 to 7 i per cent, lower; coarse greasy merino unchanged to 5 per cent. lower, scoured cross-bred 7$ to 10 per cent, lower, cross-bred slipe, 10 to 15 per cent, lower. - Messrs Murray, Roberts, and Co., Ltd., have received the following wool market cablegram from" their London agents (Messrs Sanderson, Murray, and Elder, Ltd.), dated September 17:— Compared with closing rates last London sales, greasy lambs declined _7l per cent.; scoured merino inferior, wool suitable for carbonising, no demand, declined 15 to 20 per cent.; ■ cross-bred greasy half-bred declined 5 per cent.; cross-bred greasy fine declined 5 per cent. TALLOW SALES. Press Association—By Telegraph—Copyright. LONDON, September 17. (Received September 18, at 10.40 a.m.) Tallow Sales.—Blo casks offered and 463 sold at late rates to 6d decline. Mutton: Fine 31s, medium 25s 6d. Beef: Fine 355, medium 25s 6d. Messrs Murray, Roberts, and Co., Ltd., have received the following wool market quotations from their London agents (Messrs Sanderson, Murray, arid Elder, Ltd.), dated tho 17th inst.:—6o-64’s (New Zealand merino), yielding 48 per cent., 10id (lOjjd at close of last series); 56’s, yielding 60 per cent., 10id (10Jd); 60’s, yielding 65 per cent., 9d (93d); 44-46‘s, preparing, yielding 74 per cent., 9d (9£d) ; 44-46’s, carding, yielding 72 per cent., B§d (91d); 40-44’s, yielding 73 per cent., BJd (9Jd). Messrs Dalgety and Co., Ltd., advise having received tho following cablegram from their head office, London, dated 17th inst Tallow: 810 casks were offered and 46 per cent, sold (373 casks). Prices are 6d per cwt lower for all but inferior tallow, which is unchanged. Quotations: Fine mutton, 31s 6d; mixed good, 27s 6d; inferior, 255. , The Bank of Now Zealand has received the following advice from Jts London office, under date the 17th inst.: —There is a fair demand: Current quotations arc: Good mutton, 29s to 29s 6d per cwt; good_ beef, 27s Cd to 28s per cwt ; good mixed, 27s 6d; gut, 22s to 25s 6d per cwt.

Quotations *« under Buyers. Sellore. £ E. <3 1. £ e. d BANKING— Bank of Australasia (cum div.) ... ... —, 12 0 0 Bank of N.S.W. 30 0 0 Bank of Now Zealand , 2 15 0 2 16 0 Bank of New Zealand (Long “D”) ... — 0 18 0 National Bank of New Zealand ... — 5 13 6 Union Bank of Australia, Ltd. ... ... 9 15 0 10 2 6 INSURANCE— National Insur. Co.... 0 13 10 — Standard Insur. Co.... — 2 18 0 SHIPPING— Huddart, Parker (ord., ex div.) — 1 14 0 Huddart, Parker (prof., cum div.) ... 1 0 0 —i U.B.S. Co. (pref.) ... 1 0 3 — COAL— Kaitangata Coal 0 3 6 cl — Westport Coal Co. ... 1 9 6 1 10 6 LOAN AND AGENCY— Ooldsbrougli, Mort ... — 1 2 6 N.Z. Guarantee Corp. —• 0 7 10 Trustees Executors ... 2 19 0 — Wright, Stopheneoa (ord., cum div.) ... — 0 19 0 Wright, Stephenaon (prof.) . 0 18 1 — MEAT PRESERVING— Southland Frozen Meat (cont.) ... 0 18 3 MISCELLANEOUS— British Tobacco (cum div.) ... ... — 1 12 8 Brown, Ewing (pref.) 1 0 0 — Bruce Woollen Co. (ord.) 0 9 8 •— , Crystal Ice Co 1 1 0 1 3 0 Dominion Investments — 0 16 0 Eclipse Petrol (paid) — 0 18 0 Milburn Lime and Cement 1 10 0 — Mosgiel Woollen Co. 6 10 0 — National Electric — 0 10 0 N.Z. Drug Co. (cum div.) —- 3 0 3 N.Z Farmers' Fertilisers — 0 13 9 N.Z. Paper Mills ... 0 19 0 — “ Otago Daily Timet ’ 0 2 0 Wilson’s Portland Cement ... ... ... 2 0 0 —• BREWERIES— N.Z. Breweries, Ltd. — 2 $ 6 N.Z. Breweries Debs. 1 1 0 — N.Z. Breweries Stock 1 1 0 — Dunedin Brewery — 1 6 0 MINING— Waibi — 0 15 1 Mount Lycll — 1 0 9 Paddy’s Point 0 3 0 0 4 0 Mahakipav.a 0 0 4 0 0 6 Kildaro 0 1 3 0 110 Okavito 0 7 0 0 7 6 Winding Creek (Is paid) 0 0 3 0 0 6 War bonds(Bond* quoted are £100 Bond*,) 1938 4$ p.c. Bonds ... 100 0 0 — 1939 4j p e Bonds ... 100 0 0 lOil 44 p.c Bonds ... 100 0 0 — 1933 Si p.c. S.S. Bonds 99 5 0 — 1938 44 p.c. Inscribed 100 0 0 — 1939 4i p.c. Inscribed 100 0 0 — 1941 54 p.c. Inscribed — 97 0 0