COMMERCIAL

Evening Star, Issue 21009, 25 January 1932, Page 7

COMMERCIAL

' ♦> THE SHARE MARKET DUNEDIN STOCK EXCHANGE. A parcel of Bank of Now South Wales was on the market this morning at £2B, but there was no inquiry for it. Buyers of Bank of New Zealands improved to £2 4s, and there was again inquiry for the Long “D ” issue at £1 5s 6d, without a seller for either. Nationals of New Zealand were offered at £3 16s without a buyer. A sale of Dalgetys at £7 12s 6d was reported, after which there was a further seller at that price, with no inquiry. National Mortgages were wanted at £ll4s, without a seller. New Zealand Refrigerating shares were quoted cum dividend. The paid-up issue was in demand at 11s 4d, with sellers 5d away, while the contributing issue was on the market at |4s lid, with no buyer above 4s Bd. Sellers of Australian Glass shares eased to £1 11s, without a buyer bidding. Sellers of New Zealand Drugs eased to £2 8s 6d,and a buyer came on the market at £2 6s 6d. Woolworth’s (preference) shares were sought for at £1 3s without a seller quoting. Buyers bid £1 5s 3d for New Zealand Breweries, with no seller under £1 7s. Okvitos were sold on ’Change at 10s and 9s lid, after which the market became easier, buyers asking 9s lOd and sellers l moving up to 10s Id. Sale reportedDalgety and Co., £7 12s 6d. Sales on ’ChangeOkarito, 10s (two sales), 9s lid.

DIVIDENDS PAYABLE. Stock. Amount. Period. Date. N.Z. Insurance 1/ interim Commercial Bank . , (p re f.) 4 1 interim Feb. 5 N.Z. Refrigerating , , _ . (20s) 1 1 final Feb. N.Z. Refrigerating (10s) 6d final Feb CANTERBURY DROUGHT. EXPORT FRUIT PROSPECTS BAD. NOR’WESTER • COMPLETES DISASTER. [Special to thk * Stab.’] CHRISTCHURCH, January 23. Though it is only nine days since the last rainfall, a comparison of the rainfall during : the period December 1 to January 23, over the last six years shows this season to have been abnormally dry, only 1.19 inches being recorded compared to the next lowest reading of 2.96 inches during the December 1-January 23 period of 1930-31. • The average January ramfall is 2.35 inches, but so far this month only 0.66 inches has been noted. At Christchurch Magnetic Observatory the average DecemberJanuary rainfall is 4.91, but from December 1, 1931 until to-day only 1.19 inches have been recorded. The prospects for export of fruit from Canterbury this season do not make very cheerful readji.g. The estimated total will be somewhere between 5,000 and 10,000 .cases, compared with the record total of 30,000 cases last season. Late frosts and tin hailstorm on January 1, coupled with the dry weather, have reduced the crops very considerably, particularly in Papanui and Loburn districts, where the bulk of the fruit for export is grown. To-day s strong nor’wester came as the last straw to orchadists who specialise in apple and pear production. Their crops, already considerably curtailed, suffered severely, for the strong wind stripped the ripening fruit from the branches. From Papanui orchardists it was learned that heavy toll had been taken of apples and pears. Most of the fruit now lying on the ground will be useless. One man said it was not sufficiently far advanced to ripen off. In any case it was too badly bruised to be of any value for export.

Quotations' as under:Seller*. Buyers. BANKING- £ s. d. £ s. d. Bank of N.S.W. — 28 0 0 Bank of New Zealand Bank of New Zealand 2 4 0 — Long “ D ” 1 5 6 — i E.S. and A. Bank ... National Bank of 4 9 0 New Zealand ... ... INSURANCE3 16 0 National Insur. Co. — 0 12 8 SHIPPING— Huddart, Parker (ord.) Huddart, Parker 1 5 0 (pref.) ... 1 1 0: “ U.S.S. Co. (pref.) ... 0 19- 9 — COALWestport Coal Co.... 1 4 0 LOAN AND AGENCYDalgety and Co. ... 1 14 0 7 12 6 National Mortgage ... National Mortgage (“ B ” Issue) “ — 18 0 MEAT PRESERVING — N.Z. Refrigerating 0 11 4 • ons (paid, cum div.) ... N Z. Refrigerating 0 4 8 0 411 (cent., cum div.) ... ' IISCELLANEOUS— ' • Australian Glass — 111 0 , Brown,,Ewing (pref.) — 0 18 9 Colonial Sugar Co. ... 38 0 0 , Crystal Ice Co. i 13 0 D.I.C. (ord.) 0 12 0 — V' D.I.C. (pref.) # 0 19 10 ■ Eclipse Petrol Milburn Lime and 0 3 0 Cement — 19 0 Mosgiel Woollen Co. 6 15 0 — * N.Z. i Drug Co. N.Z. Farmers’ Fer2 6 6 2 8 6 tiliser ... 0 12 0 —; ,N.Z. Paper Mills ... 0 18 9 — ‘ Otago Daily Times ’ Woolworlh’s (pref.) BREWERIES— \ 2 7 0 — 13 0 N.Z. Breweries Ltd. 15 3 17 0 N.Z. Breweries Debs. 110 — Tooth’s Brewery MINING— 13.9 Waihi ... — 0 16 8 — Waihi Grand J une. 0 3 9 — Mount Lyell 10 6 110. Kildare .. 0 19 0 1 11 Okarito 0 9 10 CIO 1 Cornish Point (paid) — 0 0 4 King Solomon 0 2 2 0 2 3 Blac&water WAR BONDS 0 3 6 “ (Bonds quoted are i 2100 Bonds)— 1938 p.c. Bonds ... ' 97 0 0 1939 44 p.c. Bonds ... 1938 p.c. Insc. ... ■ yv u c . 96 10 0 1939 4| p.c. Insc. ... — 96 n 0 1941 44 p.c. Insc. ... — 96 5 0 1933 Si p.c. S.S. Bonds — 99 7 6 1937 SVp.o. Bonds ... 99 10 0 — 1937 Si p.c. Insc. ... 99 15 0 100 0 0 )