COMMERCIAL

Evening Star, Issue 21054, 17 March 1932, Page 9

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. The board was bare of sales, both reported and on ’Change, this morning. Bank of New South Wales were on offer at £24 ss, without a buyer offering, and there was no alteration in the quotations for any of the other banking shares. The shipping, coal, loan and agency, and meat preserving sections were weak, with few quotations. In the miscellaneous section ordinary D.I.C. shares were again inquired for at 11s 9d, with sellers at 12s 6(1. A bid of £1 7s 6d was made for Donaghy’s Rope and Twines, but there was no response from sellers. Ordinary issue Kaiappi Woollen shares were inquired for at 5s 6d, with seller at 7s, while New Zealand Express (pref.) shares were offered $t 15s 6d.

Buyers of N.Z. Breweries improved to £1 3s, but the lowest seller was one shilling away. Mount Lyells had a margin of 5d between buyers and sellers, the vendors asking 19s 9d, with purchasers at 19s 4d. Quotations as under:— Buyers. Sellers. £ s. d. £ s. d.

DIVIDENDS PAYABLE, Stock. Amount. Period. Date. N. Broken Hill ... Is 6d Mar. 23 Bank of Australasia 4sf final Mar. 27 British Tobacco 3 3-5 d interim Mar. 31 Howard Smith (cum pref.) 3 3-5 d April, 5 N.Z. Drug Is 7 l-5d final April 6 Broken Hill South Is April 15* Electrolytic Zinc (pref.) ... 9 3-5 d interim April 14* * Date payable in Melbourne, t Subject to English income tax. AUSTRALIAN STOCK EXCHANGES. Press Association—By Telegraph—Copyright, SYDNEY, March 16. On the Stock Exchange general weakness characterised to-day’s dealings in short-dated bonds while Colonial Sugars, Bank of New South Wales and Barrier stocks were all easier. The closing sales were: Commonwealth Bonds— Fours (1938), £94 7s 6d; fours, (1941), £92 12s 6d; fours (1941), £92 12s 6d; fours (1944), £92 Is 3d; fours, (1950), £9O 12s 6d; fours (1953), £9O 10s; fours (1957), £9l 2s 6d; fours, (1959), £9l 15s; fours (1961), £9O 2s 6d; Bank of New South Wales, £2B 15s; Queensland Insurance, 445; Colonial Sugar, £4O 15s; Millaquin Sugar, 245; Fairymead Sugar, 23s 3d; Australian Gas (A), 101 s 6d; Australian Glass, 34s 9d; Tooth’s, 2os 9d; Toohey’s (ex div.), 16s 9d; Goldsbrough, 24s 6d; Howard Smith, 7s; Dunlop Perdriau (pref.), 265; Gordon and Gotch, 26s 9d; British Tobacco, 30s 6d. Melbourne sales were: Dunlop Perdriau, 11s 2d; South Broken Hill, 40s Cd; North Broken Hill, 67s 6d. METAL MARKET. Press Association—By Telegraph—Copyright. LONDON, March 15. Following are the official quotations in the metal market; Copper: Spot, £33 6s 10id; forward, £33 6s 3d per ton. Electrolytic; Spot, £36 10s; forward, £37 10s per ton. Wire bars, £37 10s per ton. Lead Spot, £l2 6s 3d; forward, £l2 15s per ton. Spelter: Spot, £l2 10s; forward, £l3 per ton. Tin: Spot, £l2B 2s 6d; forward, £129 17s 6d per ton. . Silver: Standard, ISJd per oz; fine, 19 11-16 d per oz. LONDON WOOL SALES. CLOSE OF SERIES. Press Association—By Telegraph—Copyright. LONDON, March 16. (Received March 17, at 11 a.m.) At the wool sales 11,446 bales were offered, including 4,310 from New Zealand. About 4,000 bales were sold. New Zealand scoured combing, “Lake,” top average 15Jd; greasy half-bred, “ Bingley,”- top 10id, average 10Jd: slipe lambs, “Fielding,” top lid, average 10id. The sales closed steady, merino greasy being slightly firmer than at the opening. Scoureds were firm on the opening rotes. Cross-breds, fine, cased somewhat, and arc now about 10 per cent, below February prices. Medium and coarse were unchanged. Slipes were in keen demand, though unchanged. The total hales catalogued were 112,000. The homo market took 48,500 bales and the Continent 44,000. The total Australian sold bales and New Zealand 39,000..

SYDNEY WOOL SALES, Press Association—By Telegraph—Copyright. SYDNEY, March 16. At the wool sales wools suited to the Yorkshire demand met keen competition with moderate support from Japan and the Continent. Greasy merino brought 15d. The offerings totalled 10,018 bales, of which 8,386 were sold, while 1,028 were disposed of privately. CANTERBURY LAMB. [Pbr United Press Association.! WELLINGTON, March 16. The. New Zealand Meat Producers’ Board' has received a cablegram from its London office advising that a sale has been reported of a parcel of Canterbury lamb, twos and eights, now afloat, at 6|d, c.i.f. The market is very firm. RAM AND EWE FAIR. Breeders are reminded that entries for the annual Ram and Ewe Fair held under the auspices of the Otago A., and P. Society and the Dunedm Stock Agents, close on Saturday, March 19. Owing to the Easter holidays intervening, the date for receiving entries cannot be extended. PASSION FRUIT INDUSTRY. The ‘ New Zealand Herald ’ reports that the progress of the passion fruit industry at Kerikeri, North Auckland, has received a check this season owing to the failure of the company disposing of the fruit to maintain its payments to settlers, according to a letter from a correspondent. Inquiries in Auckland show that there has been a delay in making payments, which it is hoped will be only temporary. The position of Passion Fruit Plantations Ltd., the Auckland company interested in the Kerikeri settlement, was explained by Mr F. Ford, a director, who stated that the company was at present installing machinery in Auckland to extract the pulp and juice from the fruit. It had contracted with a company in Wellington to handle the fruit throughout New Zealand, but a hitch had occurred. Settlers had received one pay-out, but there had been a delay and Passion Fruit Plantations Ltd., could do nothing until the position of the Wellington company had been made clear. His company was hastening with the completion of the plant in’Auckland, which had not been hurried after a contract had been made with the Wellington company. The delay would be only temporary, and settlers would ultimately receive their payments, while it was hoped: to deal with the rest of the crop very shortly, concluded Mr Ford. PACIFIC STARR-BOWKETT. At a meeting of shareholders, held in the board room of the society, B 6 King Edward street, on the 15th inst., £I,OOO was disposed of by ballot. Cluster 292, held by a Dunedin shareholder, proved to be the lucky number.

BANKING— Bank of New South Wales 24 5 0 Bank of New Zealand 2 2 3 — Commercial Bank ... 0 13 9 0 14 1 National Bank of New Zealand 3 9 0 Union Bank of Australia Ltd — 7 0 0 INSURANCE— National Insur. Co 0 12 6 New Zealand Insurance Co 1 17 6 Standard Insurance Co. — 1 19 9 SHIPPING— P. and 0. Deferred Stock 1 2 0 U.S.S. Co. (pref.) ... fl — 1 0 3 COALWestport Coal Co. ... 1 1 0 LOAN AND AGENCY-*-National Mortgage ... 2 0 0 MEAT PRESERVING— N.Z. Refrigerating (paid) 0 9 6 N.Z. Refrigerating (cont.) 0 3 9 — MISCELLANEOUS— Brown, Ewing (pref.) 0 19 0 D.I.C. (ord.) 0 11 9 0 12 6 D.I.C. (pref.) 0 19 9 — Donaghy’s Rope and Twine 1 7 6 Eclipse Petrol — 0 3 0 Kaiapoi Woollen (ord.) 0 5 6 0 7 0 Milburn Lime and Cement . r 1 8 0 National Electric — 0 9 0 N.Z. Drug Co. (cum. div.) 2 6 0 2 8 0 N.Z. Express (pref.) — 0 15 6 Woolworth’s (rights) 0 3 6 BREWERIESN.Z. Breweries Ltd. 1 3 0 1 4 0 N.Z. Breweries Debentures 1 0 0 _ MINING— Waihi 0 16 9 Electrolytic Zinc idef. ord.) 0 13 0 Mount Lyell 0 19 4 0 19 9 Molyneux Electric ... — 0 5 0 Mahakipawa — o Kildare 0 1 b 0 1 10 Okarito 0 8 11 0 9 4 Paddy’s Point 0 2 9 0 3 6 Golden Progress 0 2 3 0 3 3 King Solomon 0 1 0 0 1 1 Golden Terrace — 0 5 9 Blackwater — 0 6 9 WAR BONDS(Bouds quoted arc £100 Ronds.) 1938 4i p.c. Bonds ... — 93 0 0 1939 4g p.c. Bonds ... — 93 0 0 1938 4j p.c. Insc. ... — 92 10 0 1933 p.c. S.S. Bonds — 99 0 0 1933 5i p.c. Insc. ... — 98 10 0 1937 5t p.c. Inscribed (September) 96 10 0 97 5 0