COMMERCIAL

Evening Star, Issue 20634, 6 November 1930, Page 9

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. A sale of Wilburn Lima and Cements at £1 9s 6d was reported on the Stock Exchange this morning. Bank of New Zealands were in demand at £2 15s, without a selling offer. Buyers of E.S. and A Banks improved to £5 12s, without response from sellers. Tho offer for National Bank of New Zealands also advanced, buyers offering £5 9s, with no. sellers. Unions of Australia were on offer at £9 18s, with no buyer. A buyer came on the market for Huddart, Parkers (preference) at 19s 9d, but none were offered. Westport Coals had a somewhat closer market, buyers offering £1 Bs, cum. dividend, with a seller at £1 9s 9d. For “B ” issue National Mortgages a buyer offered £1 ss, but no seller would take less than £1 145.. Electrolytic Zincs (prof.) were wanted at 17s 6d, but no sellers quoted. Buyers offered to purchase Broken Hill Souths at£l 18s, but these were also without sellers. For Golden Progress shares 8s premium was offered,' but there were still no sellers. Sale Reported. —Milburn Lime and Cement, £1 9s 6d. Quotations as under To-day. Buyers. Sellers. £ s. d. £ 6. d.

DATES OF DIVIDENDS PAYABLE. M'Leod Bros., fair I, 13s, November 7. Mosgiel Woollen Co., final, 4s 9 3-sd, November 12. Broken Hill South, interim, Cd, November 21. Tanpiri Coal, interim, Is, November 15. National Insurance, final, November 22. National Bank of Australasia (paid), interim, 9s; cont., interim, 4s (3d; November 24. N.Z Paper Mills, interim, 8 2-sd, November 29 (approx.). Westport Coal, final, 9d, payable this month. Bank of New Zealand, interim. Is 4d. December G (approx.). P. and 0., final, Is, December 19 (approx.).

WESTPORT COAL COMPANY DIVIDEND. The directors of tiro Wesport Coal Company Limited, in their report to shareholders will recommend the payment of a final dividend for the year of 3d per share, and also a bonus of 6d per share from the Insurance Fund, making altogether a distribution of Is 9d per share for the year. ALEXANDER MINES. During October 278 tons of ore were crushed by the Alexander mines for 2050 z I7dwt of melted gold. The cyanide plant treated 179 tons of sand for 720 z 13dwt of bullion. The total estimated value amounts to £1,040. AUSTRALIAN SALES. Cabled advice has been deceived from Australia that the following sales have been effected: —Goldsbrough, Mort, £1 3s 3d; Australian Glass, £1 7s 6d;Broken Hill Proprietary, 15s 4d; Mount Lyell, £1 Is 3d. STRAWBOARD NEW ZEALAND LIMITED. The allotment capita! of the newlydeveloped secondary industry, Strawboard New Zealand Limited, has now been subscribed and went to allotment to-day, and its establishment is now practically certain. DALGETY AND CO. Cabled advice regarding the year’s results has been received as follows; — The annual general meeting of the company will take place on the 20th inst., when the directors will submit thoir annual report and balance-sheet showing the results of the company’s operations during the twelve months ended June 30 last. After providing for bad and doubtful debts, current expenses, depreciation, debenture interest and taxation, the not profit for the year amounts to £235,900. After adding to this sum the balance brought, forward from last year and charging the twelve months’ dividend on the preference shares (and the interim dividend on the ordinary shares paid last May) there remains at the credit of tho general profit and loss account a balance of £363,800, which tho directors recommend should be appropriated as follows: —£75,000 in payment of final dividend for the year ended June 30 last of 5s per share, making, with the interim dividend, 10 per cent, per annum, to bo payable on November 25; £25,000 to writing down cost of premises ; £25,0Q0 to staff provident fund ; leaving £235;800 to bo carried forward. TALLOW MARKET. Messrs Dalgety and Co. Ltd. have received the following cable from London dated November s:—The tallow market is unchanged. It is expected that the next sale will take place on November 19. SOUTH AFRICAN LOAN. Press Association—By Telegraph—Copyright. LONDON, November 5. (Received November 6, at 11 a.m.) The South African loan was largely over-subscribed. Tho list was open only half an hour. PRICE OF GOLD. Press Association—By Telegraph—Copy rigid. LONDON, November 5. (Received November 6, at 11 a.m.) Fine gold is quoted at £4 5s id per ounce. BRISBANE WOOL SALES. Press Association —By Telegraph—Copyright. BRISBANE, November 4. At tho wool sales 10,698 bales were offered, competition being very animated on Bradford and German account. The market was very firm for all wools of quality. Top prices were: Greasy, 17Jd; scoured, 22Jd.

BANKING— Bank of Australasia n 0 0 Bank of New Zealand 2 15 0 — Commercial Ban!: 0 17 5 0 17 8 E.S. and A. Bank 5 12 0 — National Bank of Now Zealand 5 9 0 Union Bank of Au»- , Iralia Ltd. ... ... — 9 18 0 INSURANCE— Nalionaj Insur. Co. (cum. div.) 0 14 6 0 15 0 Standard Ine. Co. ... 2 11 0 2 14 6 SHIPPING— Huddart, Parker (ord.) .. 1 6 0 Huddart, Parker (pref.) ... 0 19 9 COAL— Kaitaugata Coal .... 0 2 6d Westport Coal Co. (cum. div.) ... ... 1 8 0 1 9 9 LOAN AND AGENCY— Dalgety and Co. 8 5 0 Goldsbrough, Mart 1 2 0 — National Mortgage (B Issue) 1 5 0 1 14 0 Perpetual Trustees ... 3 8 0 “ MEAT PRESERVING— N.Z. Refrigerating (cont.) 0 8 6 MISCELLANEOUS— Auckland Amuse. Park Ltd. (ord.) 0 X 0 0 3 0 Brown, Ewing (pref.) — 1 0 G Bruce Woollen Co. (ord.) 0 10 0 Crvstal Ice Co. 1 1 0 1 2 6 D.j.C. (ord.) — 0 1 1 C D.I.C. (pref.) 1 0 0 14 Dominion Rubber ... — 0 Mil burn Lime and Cement 1 8 6 Mosgicl Woollen Co. (cum. div.) 6 10 0 National Electric 0 9 0 — N.Z. Drug Co 2 19 0 — N.Z. Fanners’ Fertilisers . 0 17 9 N.Z. Paper Mills (cum. div.) 0 18 9 0 19 6 BREWERIES— N.Z. Breweries Lid. 2 5 6 2 6 6 N.Z, Breweries Debs. 1 1 0 — Dunedin Brewery (cum div.) — 1 5 0 MINING— Waihi Gd Junction 0 2 0 Electrolytic Zinc (pref.) ... ' 0 17 6 — Mount Lveli 1 0 6 1 1 6 Broken Hill South 1 18 0 — Paddv’s Point 0 2 9 0 3 2 Kildare — 0 1 U Okarilo 0 5 0 0 5 9 King. Solomon 0 0 9 0 0 11 Golden Progress 0 8 Op Taranaki Oil 0 2 6 — Moturoa (5s paid) 0 5 0 — WAR BONDS— (Bonds quoted are £100 Bonds). 1938 44 p.c. Bonds ... 09 5 0 100 0 0 1933 bl- p.c. S.S. Bonds 99 5 0 — 1938 44 p.o. Inscribed 99 5 0 100 0 0 1939 4.1- p.c. Inscribed 100 0 0 1933 51, p.c S.S. Ins. 99 5 0 — 1935 54 p.c Bonds ... 99 0 0