THE SHARE MARKET

Evening Star, Issue 21784, 28 July 1934, Page 10

THE SHARE MARKET

OUNEDIH STUCK EXCHANGE National Bank of Australasia contributing shares had reported business at £6 this morning, and at the call over these shares were inclined to firm. The other business recorded was confined to gold mining shares. There was not much change in the banking quotations, though Reserves weakened to sellers at £6 ss, with still no buying quiryimproved offers were made for P. and O. Deferred Shipping Stocks and Union Steam Ship prefs., without enticing sellers. Westport Coals continued to harden, and Kaitangatas were also firm. New Zealand Refrigerating paids had a closer market, while the contributings were a little easier. Buyers offered up to 77s for New Zealand Drugs,'but sellers required 9d more. In the gold mining section Bell-Kilgours were easier following business at 4jd. Bendigo Goldlights dropped back a little, with business at and further shares for sale at 7Jd. Nokomais were fractionally weaker, and Okaritos failed to attract a bid, with sellers at 8s 4d. Increased bids were recorded for Government Loans, but sellers remained scarce. ? SALES. On ’Change.—Bell-Kilgour, 4}d (two): Bendigo Goldlight, 7£d. Reported.—Bcll-Kilgour, 4Jd; National Bank of Australasia (cent.), £6. Quotations as under:—

DIVIDENDS DUE. Smith and Smith preference, 5 per cent July J 1 East African Coffee—pref., at rate of ;7 per cent. '... ■’... ' ... ’ ... July 3T Farmer and Co. Ltd., Sydney—-half-yearly, Ist pref., 6 per cent., and 2nd pref., 7 per cent, per annum. ... July 31 Union Bank final, 3s ... Aug. 1 Trustees and Executors Co., Melbourne—final, at rate of 6 per ■ cent per annum ... Aug. 2 Auckland Gas—interim, 6 3-5 d ... Aug. 2 N.Z. Insurance—final, Is a share and bonus of 6d a share ... Aug. 7 Commercial Bank—final, 3d (ord.) ' " and 4s’(pref.) ... 1 Aug. 9 Farm. Fertiliser annual, 5 p.c. Aug. ?2 Electrolytic Zinc—final, 9Jd (ord. and pref.) .... ~.. Sept... 7

CANTERBURY MARKETS The grain and produce market remains very quiet; Quotations are unaltered, though values in all classes of small seeds, fowl wheat, and partridge peas remain firm. Very little interest is being shown in the oats or chaff market. The Waimarino lifted slightly more than 5,000 sacks of potatoes, at Lyttelton yesterday, in addition to 1,400 from Timaru. This shipment is large enough to delay any volume of inquiry from’ the north. Prices remain at £3 12s 6d, f.0.b., s.i., for prompt, and £3 15s ' for August-September, Values on trucks are 20s less. Fowl feed remains firm at from 3s sjd and 3s 6d, f.0.b., s.e. ■ Partridge peas continue firm at 4s on trucks. A fair amount of business has been done for export. Chaff is quoted at £4 a ton, f.0.b., An inquiry, has set in from Auckland for onions, the market for which has been lifeless for some time. CITRUS FRUITS FRONNAMAICA [Per United Pbess Association.] ' WELLINGTON, July 27 Negotiations for trade with the. West - Indies have been m progress for some time. Mr J. W. Collins, New Zealand Trade Commissioner in Canada, was sent down to the West Indies some months ago to make inquiries as possibility of reciprocal .trade with New Zealand, and this action, combined with the individual efforts of certain firms in the dominion, has brought about the prospects of. a new avenue of trade in citrus fruits. The Shaw, Savill, and Albion Company’s liner lonic, which left Wellington on Wednesday for London,' will, on her return trip, call at Kingston and load a consignment of citrus, fruit, - She i§: due

here in November, and will, it is Imped, be followed by the liner Akaroa with a shipment of fruit from the same quarter for the Christmas trade. The vessels of other lines, too, are likely to participate in this new trade, particularly as there is always tourist traffic between England and the West Indies.,

AUSTRALIAN BUTTER PRICES The Australian butter prices for forward delivery’ for the corning week, have been fixed at B}d'&nd Bid per lb.'— Wellington Press Association.

Buyers. Sellers £ 8. < L £ s. * BANKING— Bank of Australasia ... . 11 18 0 Bank of New Zealand 2 5 6 2 6 6 Bank of New Zealand, 1 , Long' “D 1 ' — 1 14 6 ! Commercial Bank ... : 0 15 4 0 15 6 E.S. and A. Bank ... 4 18 0 National ■ Bank of Australasia (cent.) ... 5 19 0 6 3 0 Union Bank of Australia Ltd. ... ... : 9 19 0 Reserve Bank ... ... — 6 5 0 INSURANCE— National' Insur. Co. 0 19 7 N.Z. Insdr. Co. ... 3 i 0 • South British Insurance Co. ... ... ... 4 0 0 Standard Insur.- Co. 3 4 6 3 6 0 SHIPPING— P. and O. Deferred Stock ... 1 1 0 U.S.S. Co. (pref.) ... 1 6 6 — COAL Kaitangala Coal ... 1 0 9 1 1 3 Westport Coal Co. - ... 0 19 0 0 19 6 West port-Stock ton (pref.) ... ... ... 0 4 3 — LOAN AND AGENCY— Dalgety and Co. ... 9 10 0 Goldsbrough, Mori ... — 1 10 0 National Mortgage.... ■— 3 1 C National Mortgage (“ B ” issue) .... — 1 12 3 Trustees, Executors, . and- Agency ... 3 8 0 — Wright, Stephenson 9 (ord.) ... ... ... —• 0 15 Wright, Stephenson (pref-) — . — 1 0 6 MEAT PRESERVING— N.Z. Refrigerating (paid) 0 18 3 0 18 11 N.Z. liefrigerating . (cont.) ... ... ... — 0 8 6 Southland Frozen Meat . . (paid) 3 10 0 3 12 0 MISCELLANEOUS— Associated Newspapers 1 1 0 Brown, Ewinj? (ord.) 0 10 6 — Brown, Ewing (pref.) 1 i 0 :— U.l.O. (pref.) ... ... 1 4 0 — Dominion Fertiliser ... — 0 18 6 Dominion Fertiliser Debentures . ... ... 1C4 0 • Dominion Rubber . 1 7 0 1 9 9 Diinedih-Kaikorai Trams ; ,s ... .. ... 1 16 0 Dunedin Stock Exchange Proprietary ... 2 0 0 — Electrolytic Zinc i (pref.) ... 1 13 9 — Kaiapui Woollen; (ord.) —* 0 11 3 Kaiapoi Wcolicn (pref.) ... ...' ... 0 19 0 — Uilburn Lime, and Cement ... 1 12 6 — Mount Lyell ... ... — 6 I 2 0 National Electric ... 0 5 N.Z. Drug Co. ... ... 3 17 0 317 9 N.Z. Farmers’ Fertiliser ... — 1 1 0 N.Z, Paper Mills ... 110, 6 — ‘ Otago Daily Times , 2 9 0 — Regent Theatre- ... — 019 6 Smith and Smith (pref.) ' V.. ... 0 17 0 — Wilson s (N.Z.) ■ .6 Cement ... '... ... — 1 10 Woolworths (ord.) ... 6 0 0 BREWERIES— N.Z. Breweries ... 2 3 6 2 .4 0 Dunedin Brewery ... 1 ■5 9 — Carlton Brewery • ... 2 4 0 oil— :/ - Moturoa (ord.) ... — 0 3 4 GOLD MINING— ' Bell-Hill ... ...... 0 1 1 Bell-Hooper , ... r ... . 0 0 5 0 : 0 0 54 Bell-Kilgour , .... ... 0 0 4i0 4| Bendigo Goldlight ... 0 i . 0 7i 0 0 7JBig River ... ... 0 1 0 0 1 1 Brian Bom ... 0 1 7 Central Shotover ... 0 0 11 Gillespie’s '... .0 1 10 0 111 Golden Point ... ... 0 0 u —- Golden Progress ... v .O r 1 0 0 Golden Sands ... ... —. 3 Goldfields Dredging ... 0 0 10 . 0 0 11 Halter’s Flat ,.,K, :• —. 0 0 9 Kildare , ... ... ... 0 2 0 - 0 2 3 King Solomon ... 0 3 9 0 4 ,0 Maerewbehua ... ... — 0 0 9 Maliakipawa .... ... . 0 . 0,8£ — Moonlight, Nelson Creek ■ ..1 ... ... ■— 0 0 6 Nokomai , ... ‘ 0 3 6 Okarito ... ... ... 0 8 ' 4 Oxenbridge — 0 0 10 Skippers ... ... ... 0 0 74 0 0 Sandhills ... ... ... — 0 u . ti N.Z' GOVERNMENT LOANS(Bonds quoted aro £100; Bonds.) Jt p.o. Stock, 1938- ' .1943 ... ... ... ... 10610 0 51 p.c. Stock, 1939*1943 ... ... ... ... 106 ■10 0 — 31 n.c. Stock 19411945 .;. .I. .... ...106 10 0 — 31 n.c. Stock, .19381952 ... ... ... ... 106 10 0 — 31 c.c. Slock , 19391952 ’ 106 10 0 ■ —* 3i ; nc. Slock, 1941■1952 ... ... ... ... 106 10 6 — 4 p.c Bonds, Jan. 15; 1940 ... •... 105 5 0 — 4 p.r Stock, Jan. 15; 1940 - 105 5 0 — 4 p.c. Bonds, Feb 15. 1946 ... ... ... ... 107 0 0 — 4 p-c; Stock, Feb. 15. 1946 ... ... 107 0 0 — 4 p.c. Bonds, April 15, 1949 ... ... ... ... 106 15 0 — 4 n.c Stock, April 15. 1949 .. ... ... 106 15 0 — 4 p.c Bonds June 15. 1955 .. 107 0 0 — 4 p.c Stock. June 15. 1955 ... - 107 0 0 —•