QUIET BUT FIRM

Evening Star, Issue 23094, 21 October 1938, Page 6

QUIET BUT FIRM

N.Z. SCRIP STILL DEPRESSED SPECULATION SENDS TARA!!AKIS UP Lethargic conditions continued to rule the investment market this morning. Business was small, a reflection of the general inactivity. Values showed little marked-change, minor fluctuations only being recorded. New Zealand leaders remained depressed. Bank of New Zealands recovered slightly, a 2d gain carrying buyers up to £2 Is 2d, but holders were not to be drawn. Nationals of New Zealand eased Is on vendors’ oli'er. Mosgiel Woollens were quoted by holders at a Is reduction, while breweries and other Dominion industrials closed unchanged. D.I.C. (prefs.) attracted their, first buyer for a long time, an inquiry at Is fid above par being answered at £1 3s. Taranaki 'Oils continued to be the subject of speculation. Buyers advanced limits to 13s lOd, the best offer for some time, but sellers remained off. Australians were accorded good buying support, and prices were steady. 1.C.1.’s preference scrip firmed further under a strong inquiry, but Broken Hills and Coles were unchanged. British Tobaccos and Tooths, although reaching the sales list, were passed at the call. Mining scrip was quietly steady Lyells changed hands at £1 10s, unsupplied buyers offering up to £1 9s 9d Morgans dropped back, but Barriers were firm on late rates. SALES REPORTED. —Late Yesterday.— Crystal Ice Cream, £2. Dunlop Perdriau Rubber, £1 Os lOd. G. J. Coles, £3 19s 3d. 1.C.1. (pref.), £1 2s 4d. Woolworths Holdings (South Africa). 15s. Molyneux River. 9d. —This Morning.— British Tobacco, £2 8s fid. Tooth’s Brewery, £2 15s 3d, Mount Lyell, £1 10s.

DIVIDENDS DUE. Australian Paper and Pulp— Final, half-yearly, ord. end pref., 4 per cent. ... Oct. 24 N.Z. Guarantee Corporation Ltd. —Final, 2d a share ... ... ... Oot. 26 South British Insurance—Final, Bid per share, or at the rate of 14 1-6 per cent, per annum Oct. 27 United Provisions —Ord., 3 per cent pref.; final half-yearly, 4 per cent Oct. 28 Drug Houses of Australia—3J per cent., making 6J per cent, per annum Oct. 31 Martha Gold Mine—lnterim, 9d (free of tax) ... Nov. 1 Imperial Chemical Industries — Ord., 3 per cent Nov. 1 Australian Iron and Steel—Pref., 5 13-16 per cent Nov. 1 Bank of Adelaide—lnterim, at 5 per cent, per annum Nov. 2 Emperor Gold Mines —Is a share Nov. 10 North Kalgurli (1912) Ltd. —9d sterling, less 3s in £ English income tax Nov. 25 CALLS DUB, Woolwortlis Properties Ltd.—los a share, making £1 paid ... Oot. 31 Broken Hill Pty.~Con., 5s a share, making 13s 4d paid ... Nov. 30 BRADFORD MARKET Press Association —By Telegraph—Copyrigm LONDON, October 20. (Received October 21, at 1 p.m.) The Bradford market is quiet but firm. Users are well covered. Prices relatively are under the Australian level; accordingly it is difficult to obtain concessions. Quotations: Merinos, seventies, 26-Jd; sixty-fours, 2Gd; sixties, 2od; cross-breds," fifty-eights, 22d ; fifty-sixes, 19|d; fifties, 17d; forty-sixes, _ 16id (nominal) ; forty-fours, (nominal).

SHARE QUOTATIONS Press Association—By Telegraph—Copyright LONDON, October 20. (Received October 21, at 1 p.m.) Share quotations. Clutha River—buyers Is 6d, sellers Is 9d ; Molyneux—buyers 9d, sellers IOJd. PUBLIC TRUST OFFICE Estates of a value of £524,558 were reported and accepted for administration by the Public Trustee during the month of September, 1938. The total value of the estates and funds after administration by the Public Trustee on March 31, 1938, was £60,815,306, and the new business for the six months ended September 30, 1938, was £3,287,385. Grants of administration made by the court in favour of the Public Trustee numbered 235 for the month. During the month 429 new wills appointing the Public Trustee executor were prepared on behalf of testators and lodged for safe custody, and 319 existing wills were revised to provide for changes desired by The total number of wills now held in the Public Trust Office on behalf of living persons is 91,663.