THE SHARE MARKET

Evening Star, Issue 21819, 7 September 1934, Page 5

THE SHARE MARKET

DUNEDIN STUCK EXCHANGE A quiet market was experienced this morning, a reported sale of Bruce Woollen (ords.) al 13s being the only business recorded. The only change in the banking section was the easier market in Reserves, buyers at 28s 9d premium receiving a response from sellers 9d less than yesterday’s quote. National Insurances had a slightly improved buyer, but sellers required 4d more. Howard Smiths were wanted at 15s 9d, and there was an improved offer for Huddart, Parker prefs. There was a strong demand for all meat preserving shares, and Refrigerating contributing had a closer market as the result of an advance in the buyers’ offer. In the miscellaneous section, Crystal Ices had a wide market, Dominion Fertilisers gained a little, Electrolytic Zinc prefs. were quoted ex div., and showed a rise in price, Milburne Limes had an improved offer, and Woodworth’s (Sydney) were inclined to harden. New Zealand Breweries had improved support from buyers, but sellers still required 6d more. Dunedin were in strong demand at 28s, and Tooth’s shares had a margin of lOd between the quotations. There was an improved inquiry fop gold mining shares. Addison’s Elat advanced 3d, without eliciting a reply, both the Cromwell flotations remained in a weakened state, and increased bids were made for Golden Dawn, King Solomons, Nevis Diesels, Okaritos, and Wetherstones. Government Loans maintained their usual strong inquiry. Sale Reported.—Bruce Woollen (ord.), 13s. Quotations as under; —

DIVIDENDS DUE. Adelaide Steamship-final at 6 per cent, per annum Sept. 11 Milburn Lime and Cement —5 p.c. - Huddart, Parker Ltd.—interim, half-year, 3 p.c. on ord. and prof Sept. 13 Broken Hill South—ls Cd a share Sept. 15 King Solomon—2s per cent. ... Sept. 15 North Broken Hill —final, Is fid per share and Is bonus ... Sept. 28 Bank Australasia —half-year, 7 p.c. (3s fid) Sept. 28 Dunlop Perdriau —5 p.c., ord. and pref British Tobacco —quarterly, 6 p.c. (3 3-5 d share) Sept. 29 Smith and Smith —half-year, 5 p.c. (fid a share) Oct. 31 SHEEPSKIN SALE Messrs Murray, Roberts and Co. Ltd. have received the following from London Sheepskins ; Merino declined 15 per cent.; crossbred medium declined 15 per cent.; crossbred, coarse, declined 15 per cent. ;• no demand for halfbred, poor competition, about 50 per cent, sold.” BUTTER AND CHEESE Press Association —By Telegraph—Copyright. LONDON, September 6. (Received September 7, at 10 a.m.) Butter is quietly steady. Danish, 110 s. Choicest salted New Zealand, 78s to 795; Australian, 755; unsalted New Zealand, 86S to 90s; Australian, 78s to' 80s. Cheese is slow. New Zealand coloured, 45s 6d; white, 495. BEET SUGAR Press Association —By Telegraph—Copyright. LONDON, September 6. (Received September 7, at 10 a.m.) Beet Sugar.—October, 4s 6id. SHEEPSKIN SALES Press Association—By Telegraph—Copyright LONDON, September 6. (Received September 7, at 11.20 a.m.) At the sheepskin sales 3,396 bales were catalogued, including 764 from Australia and 1,043 from New Zealand. There was a good attendance but poor competition. About 60 per cent, was ■sold. Americans were the chief operators. Compared with July 5 prices declined. Australian merino cross-bred combing clothing was 15 per cent, down; New Zealand cross-breds, fine, 20 to 25 per cent.; medium and low, 15, and lambs 15 per cent. down. BRADFORD MARKET Press Association—By Telegraph—Copyright LONDON, September ,6. (Received September 7, at 11 a.m.) At Bradford moderate business is passing. Quotations ; —Seventies, 28id; sixty-fours, 27d; sixties, 25d; fiftysixes, 20d; fifties, 15d; forty-sixes, lid; forties, lOd,

Borers. Sellers, £ i. <1. £ s. d. BANKING— Bank of New Zealand 2 7 3 — Bank of N.Z. (Long “ D ”) 1 14 0 — Commercial Bank 0 15 11 0 15 1 E.S. and A. Bank ... 5 5 0 ' — National Bank of New Zealand — 3 16 0 Union Bank of Australia Ltd 9 7 0 — Reserve ... 6 8 9 6 9 3 INSURANCE— National Insur. Co. ... 0 19 11 1 0 3 N.Z. Insurance Co. ... 3 3 0 — South British Ins. Co. 4 3 0 — Standard Insurance Co 3 6 0 — SHIPPING— Howard Smith 0 15 9 — Huddarfc Parker ' (ord.) — 1 14 0 Huddart, Parker (pref.) 1 8 6 — U.S.S. Co. (pref.) ... 1 7 0 — COAL— Kaitangata Coal ... 1 0 6 — Westport Coal Co. ... 0 18 10 0 19 2 LOAN AND AGENCYDalgety and Co. 9 0 0 — Goldsbrough, Mort ... 1 10 6 1 11 0 National Mortgage ... — 3 1 e National Mortgage (B issue) — 1 12 0 N.Z. Loan and Mercantile (ord.) — 57 0 0 N.Z. Guarantee Corporation ... 0 4 6 — Wright, Stephenson (ord.) 0 18 9 MEAT PRESERVING— Canterbury Meat Go. (pref.) 5 11 0 — N.Z. Refrigerating (paid) ... 0 19 0 0 19 6 N.Z. Refrigerating (cont.) 0 9 0 0 9 2 Southland Frozen Meat ' (paid) 3 10 0 — Southland Frozen Meat (cont.) 1 15 0 — Southland Frozen Meat , (pref.) 3 10 0 — South Otago Freezing 6 2 0 — Waitaki Farmers’ Freezing 2 10 0 3 10 0 MISCELLANEOU S— Associated Newspapers 1 3 0 — Brown, Ewing (pref.) 1 1 0 — Bruce Woollen Co. (ord.) 0 12 9 — Bruce Woollen Co. (pref.) 1 1 0 — Crystal Ico Co 1 16 0 2 2 0 D.I.G, (pref.) 1 5 0 —■ Dominion Fertiliser ... 1 0 0 1 0 3 Dominion Fertiliser Debentures 102 10 0 — Dominion Rubber ... 1 9 0 — Donaghy’s Rope and Twine 2 8 0 — Dunedin-Kaikorai Trams T 16 0 — Dunedin Stock Exchange Proprietary 2 0 0 — Electrolytic Zinc (pref.) 1 14 9 — Electrolytic Zinc (def. ord.) 1 6 9 — Kaiapoi Woollen (ord.) — 0 13 9 Kaiapoi Woollen (pref.) ... — X 1 3 Milburn Lime and Cement 1 14 6 — Mosgiel Woollen Co. 10 15 0 — M’Leod Bros 32 0 0 Mount Lyell 1 0 2 — National Electric 0 7 9 0 8 9 N.Z. Drug Co 3 18 0 — N.Z. Newspapers 1 11 6 — N.Z. Paper Mills ... 1 11 6 — ‘ Otago Daily Times ’ 2 9 0 — Regent Theatre — 0 19 6 Smith and Smith (pref.) 0 19 0 — Wilson’s (N.Z.) Cement 1 10 0 — Woolworth’s (ord.) ... 7 0 0 — Woolworth’s (Sydney) 3 9 6 3 10 3 Sun Newspapers 0 4 2 BREWERIES— New Zealand Breweries 2 7 3 2 7 9 Dunedin Brewery ... 1 8 0 — Tinjaru Brewery (10s paid) 0 9 0 — Tooth’s Brewery 2 5 0 2 5 10 OIL— Moluroa (ord.) — 0 4 0 GOLD MINING— Addison’s Flat 0 2 3 — Aotearoa — 0 0 9 Bell-Hooper 0 0 3 0 0 54 Bell-Kilgonr — 0 0 34 Bendigo Goldlight ... 0 0 10 0 1 0 Big River — 0 0 114 Blackwater 1 12 6 — Central Shotover — 0 0 10 Charleston — 0 1 3 Gillespie’s 0 1 10 0 111 Colconda Holdings ... 0 1 6 0 1 8 Golden Dawn 0 1 10 — Golden Point — 0 0 3 Golden Progress 0 1 1 0 1 6 Goldfields Dredging ... 0 0 11 0 i 04 Kildare 0 1 10 — King Solomon 0 4 2 0 4 54 Maerewhenua 0 0 5 ■ Mining House Concessions 0 0 4s 0 U Moonlight-Nelson Creek — 0 0 5 Nevis Diesel 0 0 4i — Nokomai 0 3 9 0 4 0 Okarito 0 8 5 — Skippers 0 0 7 0 0 8 Upper Shotover 0 0 9 — Waihi Grand Junction 0 4 4 0 5 0 Waitahu — 0 4 9 Wetherstone 0 0 8 0 1 3 Sandhills 0 0 5 0 0 7 Stafford Sluicing — 0 1 44 N.Z. GOVERNMENT LOANS(Bonds quoted are £100 Bonds.] 34 p.c. Stock, 19361943 108 0 0 — 3i p.c. Stock, 19391943 108 0 0 — 34 p.c. Stock. 19411943 108 0 0 — 31 p.c. Stock. 19581952 108 0 0

3J p.e. Stock, 19591952 ... 108 0 0 — 3j p c. tttock, 1941* 1952 ... 108 0 0 — 4 p.c. Bonds, Jan. 15, 1940 ... 107 10 0 — 'I |).r. Slock. Jan. 15, 1940 ... 107 10 0 — 4 P.c. Bonds, Feb. 15, 1946 ... 107 10 0 - • 4 p.e. Stock, Feb. 15, 1946 ... 107 10 0 — 4 p.c. Bonds, April 15. 1949 ... 109 0 0 — 4 p.c Stock, April 15, 1949 ... 109 0 0 — 4 p.c. Ronds. June 15. 1955 ... 110 0 0 — 4 p.c Slock, June 15. 1955 ... 110 0 n —