THE SHARE MARKET

Evening Star, Issue 21628, 25 January 1934, Page 7

THE SHARE MARKET

QUNEOIN STOCK EXCHANCE The turnover on ’Change this morning was very small, the only sale effected being one of New Zealand Refrigerating (paid), at 19s lOd. National Banks continued to maintain the rise established since.the holidays, while Bank of New Zealand and New South Wales showed a weakening tendency. All the: listed stocks in the shipping section were in the usual strong demand. Dalgetys were a little weaker. The buying limit for Southland Frozcq Meats improved 6d on all issues. There were practically no alterations in the quotations for miscellaneous stocks, but there was a preponderance of buyers. In . the mining section Waitnhus, following the announcement of the return of 2loz, improved, buyers offering 6s 3d. Okaritos continued to be firm at about 9s. There ,wi\s the usual strong demand for Government stocks, but there was a complete' absence, of sellers, from the market. ; SALES. -On; ’Change:—New Zealand Refrigerating (paid), 19s lOd.

N.Z. GOVERNMENT LOANS(Bonds Quoted are £IOO Bonds.) 34 p.c. Stock, ISSB- - 101 10 0 - 34 p.c. Stock, 13391943 ... 101 10 0 . ■ 34 p.c. Stock, 1841- , • 1945 ... 101 10 0 34 ' p.c. - Stock, 19331952 .. 101 5 0.34 p.c. Stock, 19391952 101 5 0 - 34 P.c. Stock, 19411952 101 5 0 - - 4'p.c'. Bonds, Jan. 15, ' 1940 ... ... 101 5 0 4 p.c. Stock, Jan. 15, _ ■ 1940 ... 101 5 0 4 p.c. Bonds, Feb. 15, .f? 1946 ... ... ... ;.. .102 10 0 4 p.c. Stock. Feb. 15, 1946 ... 102 10 0 '4 p.c. Bonds, April 15, 1949 101 0 0 4 p.c. Stock, April 15, 1949 101 0 0 4 p.c. Bonds, June 15, 1955 ... 100 15 0 4 p.c. Stock, June 15, 1955 100 15 0 - DIVIDENDS DUE Australian Provincial Assurance— U p.c. per annum Jan. 30 British Tobacco (Aust.)—lnterim; pref., quarterly, 64 p.c. per annum (less property tax) Jan. 31 Union Bank—lnterim at the rate of 4 p.c. per annum, free of Englisn income tax, equal £2 9s 7d per cent Jan. 31 Commercial Bank of SydneyInterim, 5 p.c., 6s 3d a share Jan. Commercial Bank of Australia— Interim; preference at rate of 4 p.c. per annum; ordinary at rate of 5 p.c. per annum in Australian currency Feb. 2 N.Z. Insurance —Is a share ... * — Electrolytic Zinc (pref.)—B p.c. per annum Mar. Wellington Trust, Loan, and Investment Co.—Final, 3 per cent., making 54 per cent, per annum Feb. 2 N.Z. Refrigerating Co.—4 p.c. and bonus 1 p.c. Feb. 3 Wellington Gas—Annual, 8 percent. per annum Feb. 6 Auckland Gas—lnterim, 21 p.c. Feb. 6 Queensland National Bank—lnterim. at the rate of 4 per cent, per annum, free of State ami Federal income tax Feb. 14 Nat- —' Mortgage—s p.c. per anus. 1 Feb. 29 Chri5' ........1 Gas Interim, 3 p.c. ,(7 l-sd) M ... ... Feb, -

AUSTRALIAN STUCK EXCHANGES Press Association—By Telegraph—Copyright. SYDNEY, January 24. On the Stock Exchange the market in all sections was generally steady, and there was much activity in gold shares. Banks were neglected. The following were the afternoon sales:—Colonial Sugar, £65 15s; Australian Provincial Assurance, 11s sd; Mercantile Mutual, 235; Associated News, 21s 6d; Australian Gas (A). £7 17s 6d; British Tobacco, 37s 4£d; Tooth’s, 45s 3d; Toohey’s, 28s 4]d ; Carlton Brewery, 46s 3d; Carlton Brewery (New Zealand delivery), 465; Dunlop Perdriau, 21s 6d; Dunlop Perdriau (pref.), 36s 3d ; Goldshrough, Mort, 365; Commonwealth Wool, 21s 3d; Morris. Hedstrom, 18a 6d; Anthony Hordern, 16s ltd; Anthony Hordern (prof.). 24s 10id; United Provisions. 10s ; General Industries, 12s 4d; Howard Smith, 16s lid; Mount Morgan. 71s; Mount Lyell. 23s lid; South Broken'Hill, 67s 6d: Kuala Kampnr, 15s 6d. MELBOUHNE. January 24. Goldsbrough. Mort. 36s lid ; Howard Smith. ICs 3d; Dunlop Perdriau, 21s 9d; ‘ Herald and Times.’ 51s 6d; Mount Lyell, 25s 3d. METAL MAMET Press Association —By Telegraph—Copyright. LONDON, January 23. The following are the official metal quotations;— Copper; Standard, £32 18s 9d; forward, £33 3s ltd. Electrolytic; Spot, £36: forward. £37. Wire bars, £37. Lead: Spot, £ll 12s Cd; forward, £ll 15s. Spelter: Spot. £l4 17s 6d; forward, £ls Is 3d. ’Tin; Spot, £227 15s; forward, £22 1 7s 6d. Pig iron: Home trade, £3 2s 6d ; export, £2 17s fid. Antimonv: British, £39 10s; foreign, £22. Molybdenite. £2 Is per unit. Wolfram. £1 7s. Silver: Standard, 191 d per oz; fine, 21 l-16d. JANTZEN (AUSTRALIA) LTO. The quarterly dividend on preference shares of Jantzen (Australia) Ltd. at the’ usual rate of £6 19s 6d per cent, per annum has been declared and paid. SHEFFIELD PROGRESS Sheffield firms are still maintaining their place in the world as manufacturers of -steel, from which the vital parts of record breaking airplanes are made. Seventy , per cent, of the airplanes which competed in the King’s Cup race were fitted with cylinders made in that city, and the crankshaft, valves, and cylinders of Sir , Charles Kingsford-Smith’s machine, in which he made his record flight, from England to Australia, were also manufactured in Sheffield. A well-known American maker of bronze tubular castings has decided to transfer his works from the United States to Sheffield, where the firm will, in future, manufacture all its products for the British and export markets. It is intended to produce castings for the use of the paper making, shipbuilding, and other engineering industries, as well as for the textile and printing trades. The plant will be capable of casting tubes up to 4ft in diameter and thirty-five tons in weight. A combination of scissors manufacturers has been set up for the production of scissors on mass production lines by processes new to Sheffield. Previous stages of manufacture will be eliminated, and costs will be reduced below any level formerly attained. The English Steel Corporation have just completed three castings which will form the bed-plate of an electri-cally-driven hydraulic high . pressure ram pump for a 7,000 tons forging press. This pump will probably be the largest electrically-driven pump of its kind ever manufactured in any country. The making of the mould for these castings, which are extremely intricate, involved the use of seventy different types of cores, and demanded the exercise of the highest skill. The English Steel Corporation are expending a sum of £500,000 on the reorganisation of their Vickers Works, making a total up to date of £1,250,000. The money is to be devoted to the extension of the firm’s drop-stamp-ing plant, which is the largest in Britain, and to additional facilities for the heat treatment of special steels. These extensions indicate substantial confidence in the growing revival of commercial activity, and have no connection with the production of armaments. A locomotive weighbridge of a capacity up to 168 tons has recently been completed by the Sheffield firm of Messrs Charles Rose Ltd. It _is _ constructed on the most modern principles, and is believed to constitute an advance on anything of’ its kind previously produced.

Quotations as under: — Buyers. Sellers. £ s. d. £ a. cl. BANKING— Bank of N.S.W; ' 34 0 0 Bank of N.Z 2 8 0 2 9 0 Commercial Bank ... 0 18 3 — National Bank of New' Zealand 1 4 5 0 __ INSURANCENatioiial Insur. Co. ... 013 6 ' New Zealand ..Insur- ■, - w ancc Co, 2 17 6 South .British,. In’Co. ... ... _ 3 17 9 Standard * Insur. Co. 3 ■ 1 0 3 ,2 0 SHIPPING— Hiicldart. Parker • (old.) 1 12 6 IIucHarl, Parker ' (pfef.) 1 4 0 — IP. and 0. Dei. Stock 1 5 0 — U.S.S. Co. (prof.) ... 1 4 9 — COAL— Westport 'Coal Co. ... 0 14 6 0 15 0 Westport-Stockton "(pref.) ... ... 0 2 0 — LOAN AND AGENCYDalgoty and Go. 10 6 0 10 10 0 Goldsbrough, Mort, ... 1 16 3 National Mortgage ■ C‘B.” Issue) '• 1 11 0 _ MEAT PRESERVING— N.Z. Refrigerating (paid) ... 0 19 *9 .N.Z/ Refrigerating , (cont.) ... .". ... 0 9 3 0 9 7 Southland Frozen Meat (paid) ... 3 2 0 3 5 0 Southland Frozen Meat - (cont.) ... ... X 11 6 — Southland Frozen Meat (pref.) ... 3 2 6 — South Otago Freezing 5 17 0 — MISCELLANEOUSBrown, Ewing (ord.) •0 18 9 Crystal lee Co. 1 13 6 ' — D.I.C. (ord.) 0 14 6 — D.I.C. (prof.) ... ... 1 2 6 13 9 Dominion I-ertihser Debentures 102 0 0 Electrolytic Zinc (pref.*) ... 1 15 0 — Electrolytic Zinc (def. ord.) 1 6 9 — Kaiapoi Woollen (ord.) 0 9 0 — Milburn Lime ana Cement 1 11 3 M'Lsod Bros 27 0 0 - N.Z. Drug Co. 3 15 0 “7 N.Z. Farmers* Fertiliser — 0 0 18 0 N.Z. Newspapers 1 9 N.Z. Paper Mills ... 1 8 0 — ‘ Otago Dailv Times ’ 2 6 0 Smith and Smith (pref.) — 0 19 0 Wilson's (N.Z.)Cement — 18 0 BREWERIESN.Z. Breweries ... ... 1 19 3 20 0 Tooth’s Brewery 2 4 0 GAS— Christchurch , ... ... i 9 0 — OIL — Moturoa (ord.) 0 4 0 Moturoa (pref.) — 0 4 6 MINING— Waihi 1 9 6 — Waihi Grand Junction ... ... 0 4 5 — Mahakipawa ... ... 0 0 1 — — 0 0 2 Okarito 1. 0 9 0 0 9 3 New Cornish Point ...' — o o H ■Golden Progress — 6 0 16 King ; Solomon ... , ... 0 3 u 6 y Golden. Point 0 0 2 — Gillespie's Beach ■0-2 0 0 2 1 Waitaliu.. . :.. .... .... .0 6 -.3 0 6 9 Big River ... — 0 10 Mount David 0 1 1.0 ; Nokomai ... — 0 2 6 ■Freshford ... — 0 0 2 Upper Shotover 1 0 1 10 Central Shotover — 0 10 Bell-Kilgour 0 0 7 0 0 10 Oxenbridgo — 0 0 9) Nevis Diesel ... ... — Oil . Charlston ... — 0 2 0 Maorewhenua 0 0 10 . Addison’s Flat 0 2 3