BETTER SUPPORT

Evening Star, Issue 23179, 31 January 1939, Page 6

BETTER SUPPORT

LOANS STILL KEENLY SOUGHT NEW ZEALAND DRUGS PRICED AT £3 57Resistance to the recent slackness was offered by the investment market this morning, restricted though the movement was. The appearance of fractionally firmer and more numerous buyers displayed healthy evidence of the underlying stability of several sections, a conclusion confirmed by a fairly good sales list. Loans again headed the list of conspicuous movements with 5s better buyers for the three 4 per cent, issues—-'43-46, ’-16-49, and ’52-55. The March ’39-43 Stock was sought up to £99, but vendors remained oil’. Banks and insurances showed little noticeable change, although an issue in each section reached the sales list at firm levels. New Zealand Refrigerat'ings (paid) were wanted at a slightly better price, while the inquiry persisted for selected woollens. Other Dominion industrials were quiet, however, with a preponderance of vendors quoting. Drugs came in for further attention at late rates —£3 ss. Commonwealth industrials remained iti the background, with little change in recorded values. Although the margin for Broken Hills was not so wide, a difference of Is 6d still existed at the close, while unsupplifed buyers still quoted firm prices for some other leaders.

Mining scrip received the best attention for a long time, nine quotations being marked. Zinc (ord.) was the only stock to»reach the sales list, and although levels for other issues were maintained, comparatively wide margins ruled.

SALES REPORTED. —Late Yesterday.— Rural Bonds, £9B 15s. New Zealand Drug, £3 5e (2). ‘ Otago Daily Times,’ £2 Is 6d. New Zealand Breweries, £2 Is. —This Morning.— Bank of New Zealand, D Mortgage, £1 6s. Standard Insurance, £2 11s 6d.

SALES ON ’CHANGE. —This Morning.—• New Zealand Drug, £3 ss. Electrolytic Zinc (ord.), £2 4s 6d SALE AFTER CALL'. —Late Yesterday.— New Zealand Drug, £3 ss.

>7* vp m*ti ii, ,t, ip ip it, ip ,t, DIVIDEND AND CALL LIST. DIVIDENDS DUE. Imperial Chemical Industries of Australia and N.Z. —Pref., first half-yearly, at 5 per cent. per annum Jan. 31 Smith and Smith—Half-yearly, 2£ per cent. ... Jan. 31 Joseph Nathan and Co. Ltd.— Ord., 10 per cent, per annum ... Jan. 31 Farmer and Co., Sydney—lnterim half-yearly, Ist pref., 3 percent., 2nd pref., pCr cent. ... Jan. 31 British Tobacco —Quarterly pref. at 61 per cent, per annum ... Jan. 31 Millaquin Sugar—lnterim halfyearly, 31 per cent, per annum Jan. 31 G. J. Coles —Interim ord. at 71 per cent, or 15 per cent, per annum Feb. 1 Union Bank of Australia —Final 4s a share (less British income ■ tax) Feb. 1 Berlei (N.Z.) Ltd. —Final, 2s a share Feb. 2 Auckland Gas—Final 21 per cent., making 5 per cent, per annum ... Feb. 7 Wellington Gas Company—Final, 4 per cent., making 8 per cent, per annum on ordinary shares ... Feb. 7 N.Z. Refrigerating—sj per cent. ... Feb. 8 Wellington Trust, Loan, and Investment —Final 34 per cent., making 6 per cent, per annum ... Feb. 8 New Zealand Insurance Company;— Interim, Is a share Feb. 8 Mercantile Mutual Insurance—ln- ' terira half-yearly, 4 per cent. ... Feb. 9 Commercial Bank of Australia— Interim pref., at 4 per cent, per annum, and interim ord. at 6 2-3 per cent, per annum ... Feb. 10 Woolworths (Sydney)—lnterim, 5 per cent, on paid, 10 per cent. on prof Feb. 15 Queensland National Bank—lnterim, 4i per cent, per annum Feb. 16 Yellow Cabs of Australia Ltd.— Interim half-yearly, 5 per cent. Feb. 22 Bank of New South Wales—lnterim quarterly 6s a share Feb. 23 Electrolytic Zinc Half-yearly ord. and pref., 6 per cent. ... Mar. 17 Christchurch Gas—lnterim, 4 percent CALLS DUE. Imperial Chemicals—Pref., con., 5s a share Jan. 31 Broken Hill Ply.—New, 5s a share Mar. 31 Burns Philp—New, 5s a share ... Apr. 1 LONDON WOOL SALES KEEN DEMAND FOR NEW ZEALAND CROSS-BRED Press Association—By Telegraph—Copyright. LONDON, January 30. (Received January 31, at 1 p.m.) At the wool sales 7,216 bales were offered, including 4,793 from New Zealand, and 5,821 were sold. There was a good selection, chiefly New Zealand cross-breds. and a keen demand was experienced from the home trade for these wools, which were well cleared at full rates. Inferior merinos were frequently withdrawn, owing to the high limits. New Zealand ' greasy cross-bred lO.ld to lOJcl; slipn halfbred combing lambs, “ Oakleigh,” 124<L