COMMERCIAL

Evening Star, Issue 21036, 25 February 1932, Page 7

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. Sellers again predominated in the banking section in the call over this morning, and no sales were effected. In the insurance section New Zealand Insurances were offered down to 38s 6d, with no response from buyers. Union Steam Ships have persistent buyers at 19s lid, with few sellers appearing. Westport Coals were offered down to 225, but buyers were not in evidence. The buying quotation for New Zealand Drugs has improved over the last two or three days, but sellers are apparently scarce. A return of from the Kildare Consolidated failed to produce any enthusiasm, buyers still offering Is Bd, with sellers 2d away. King Solomons were sold at Is 9d, the closing quotations being buyers Is Bd, sellers Is 9d. There were no buying quotations for Government issues, but a sale of 1937 5£ per cent. Inscribed Stock was effected at £9B Iss. Sales on ’Change.—King Solomon, Is 9d; 1937 5i per cent. Inscribed Stock, £9B 15s.

Quotations as under:—

AUSTRALIAN STOCK EXCHANGES, Frew Association—By Telegraph—Copyright. SYDNEY, February 24. On the investment market to-day there was a distinctly unfavourable reaction as a result of the Premier’s attitude regarding the Commonwealth proceedings against New South Wales, and there was a further general marking down of values. Gas and electricity scrip also suffered a setback in consequence of threatened legislation to restrict dividends and the fixing of the prices of gas and electricity. Most issues of Commonwealth bonds were lower, but banks were practically unchanged. Closing sales were: Bonds, 4 per cent., 1938, £94 12s 6d; 4 per cent., 1941, £92 17s 6d; 4 per cent., 1947, £9l 17s 6d; 4 per cent., 1950, £9l ss; 4 per C3nt., 1959, £9l la 3d; 4 per cent., 1961, £9O 17a 6d; Bank of New South Wales, £3O; National Bank (£lO paid), £l2; National Bank (£6 paid), 109 s 6d; Australian Gas A, 100 s; Australian Glass, 33s 9d; Burns, Philp, 40s; Homy Jones, 28s 6d; Tooheys, 17s IJd; Tooths, 25§; Winchcombe, Carson, 18s 0d; Nestles (pref.), 275; Robert Reid (firs; pref.), 17s; Robert Reid (second pref.), 14s 6d; Dunlop Perdriau, 12s 2d; Sulphide Corporation, 10s 9d; Zinc Corporation, 30s 6d; Goldsbrough, Mbrt, 255; British Tobacco, 295.

MELBOURNE, February 24. Dunlop, Perdriau, 12s Id; ‘HeraldWeekly Times,’ 42s Hd; North Broken Hill, 70s; Bioken Hill Proprietary, 16s lid; Mount'Lyell, 22s 4Jd; Zinc Corporation, 30s 6d. DAIRY PRODUCE. The New Zealand Loan and Mercantile Agency Company Ltd. has received the following cablegram from its London house unler date the 24th inst.; — Butter, New Zealand choicest salted, 109 s; cheese, vhite 60s to 61s, coloured 61s to 625; nnrkets very quiet. •v ' '' KILDHRE RETURN, A telegram uas received by the Dunedin Stock Exclange this morning from the Kildare Consolidated advising that the wash-up wis completed, and that 61Joz of gold vas won for the period January 18 to lebruary 20. PADDY’S POINT GOLD MINING. Messrs W. i. Mitson and Co., secretaries of tin Paddy’s Point Gold Mining Co. Ltd; report that a paddock was finally; completed yesterday and yielded 71oz. The time taken has been approximatey six weeks, and the area qt the paddtck is one and a-half acres. c

BROKEN HILL PROPRIETARY. [Per United Press Association.! WELLINGTON, February 24. The Stock Exchange Association has received the following from the Broken Hill Proprietary Company Ltd, “B” series debentures.—Counsel having advised that the company’s debentures are subject to the provisions pf the Financial Emergency Act of Victoria, which came into force on October 1, 1931, interest coupons, which are due at the Commonwealth Bank on April 1 next, will be payable at £2 14s 3d in lieu of £3 10s each. Coupons for each subsequent half-year during the duration of the Act will be payable at the above amended rate.

Buyers. Sellers. £ s. d. £ e. d. BANKING— Bank of N.S.W. (cum) 26 0 0 Bank of N.Z — 2 4 9 Bank of N.Z. (Long “ D ") 1 5 6 _ Commercial Bank ... 0 14 0 — E.S. and A. Bank ... — 4 6 6 National Bank of New Zealand 3 11 6 National Bank of Australasia ... 10 10 0 Union Bank of Australia Ltd — 7 6 0 INSURANCE— National Ins. Co. ... 0 13 1 N.Z. Insur, Co. — 1 18 6 Standard Insur. Co. (cum) — 2 4 0 SHIPPING— P. and 0. Def. Stock 1 2 0 < U.S.S. Co. (pref.) ... 0 19 11 — COALKaitangata Coal ... 0 3 6d 1 2 0 Westport Coal Co. ... — LOAN AND AGENCYGoldsbrough, Mort ... 13 0 N.Z. Guarantee Corp. ~ 0 4 9 MEAT PRESERVING— N.Z. Refrigerating (paid) 0 9 10 0 10 3 N.Z. Refrigerating (cont.) 0 3 8 0 4 0 Southland Frozen Meat (paid, cum) 1 18 0 — South Otago Freezing 2 0 0 — MISCELLANEOUS— Australian Glass 1 8 0 110 0 British Tobacco 1 5 9 16 9 Brown, Ewing (pref.) 0 19 9 0 19 0 D.I.C. (pref.) — Dominion Rubber ... — 0 9 0 Milburn Lime and Cement 18 6 N.Z. Drug Co 2 5 6 — N.Z. Farmers’ Fertiliser ... 0 12 0 10 0 N.Z. Paper Mills ... 0 18 6 ‘ Otago Daily Times ’ Wilson’s (N.Z.) Cement 2 10 — 1 12 0 Woolworths (pref.) ••• 14 0 — BREWERIES— N.Z. Breweries Ltd. 1 5 0 1 6 0 Dunedin Brewery ... 0 19 8 10 3 Tooth’s Brewery 12 9 13 9 MINING— Waihi _ 0 17 6 Waihi Grand June. 0 3 8 0 4 0 Electrolytic Zinc (pref., cum) ... ... 10 6 _ Electrolytic Zinc (def. ord.) 0 13 0 _ Mount Lyell — 10 6 Kildare 0 18 0 1 10 Okarito (cum) 0 9 7 0 9 11 Paddy’s Point — 0 3 6 Golden Progress (cum) 1 18 0 King Solomon 0 18 0 19 Golden Point 0 0 7* 0 0 8i Blackwater 0 6 6 0 7 6 Golden Terrace 0 6 6 WAR BONDS (Bonds quoted are £100 Bonds) — 1938 4£ p.c. Bonds ... — 95 0 0 1939 4£ p.c. Bonds ... — 95 0 0 1938 4£ p.c. Ins. ... — 95 0 0 1939 4| p.c. Ins. ... — 95 0 0 1933 p.c. S.S. Bonds — 99 10 0 1937 5i p.c. Bonds ... — 99 2 6 1957 p.c. Ins. ... *— 98 15 0