STOCKS AND SHARES.

Lyttelton Times, Volume CXVIII, Issue 18411, 18 May 1920, Page 6

STOCKS AND SHARES.

There arc no very striking movement's in the stocks and shares on the general list just now, and it may be said that the general tone of the market, for bank and insurance shares especially, is quiet but healthy. A mild flutter in Union Bank shares raised quotations from £l3 33s to £l3 18s last month. The apex of the rise was reached lost week, whon sellers were demanding £l4 and buyers were offering £l3 17a. For the latter part of the week business was offering at buyers £l3 10s and sellers £l3 17s 6d, and yesterduy’s quotation shows that sellers havo reduced their estimate of value to £l3 16s 6d. j South British shares have weakened slightly, Bcllers’ latest quotation being £lO 7b 6d, as i against £lO 12s 6d four clays ago. Dominion Rubber is very firm, and salsa have been recorded all through the weelc at 41s. Golds-brough-Mort shares havo fluctuated slightly of late, the tendency being to weaken, ike latest sales at £2 10s are Is below sellers’ quotation a week ago. Huddart-Parker shares tiro now offering at 63s 6d, with no buyers. I | DIVIDENDS' USUALLY PAYABLE IN MAY. I Bank of New South Wale*. Burns, Pltilp. I ' Colonial Sugar | Dalgety and Co.

j D.I.C. (prof.) | Donaghy’s Rope. Gisborne G-as. ; Henry Jones Co-op. ; Manning and Co. | Mutual Benefit.. National Insurance. 1 N.Z. Patter Mills. ! Northern Steam, j P. and O. (dof.) i Sharland and Co. Tattpiri Coal. Trustees’ Executors. Union Steam (prof.) Westport Coal. “Wright, Stepkonson and Co. EXPORTS FOR THE FORTNIGHT. The following table shows the value of exports from New Zealand ports during tho two weeks ended May 11 last: £ Butter - - - 270,253 Cheese - - - - 105,490 Frozen meat ... 511,847 Grain and pulse ... 6SI Hides and skins - 157,484 Kauri gum - 11,072 Phormium (including tow) 66,901 Tallow - - - 06,690 Timber .... 24,237 Wool 918,536 Total - - - - £2,123,194 I REORGANISATION OF G. FOWLDS, LIMITED. The well-known North Island mercery .'ina of George Fowlds, Ltd., with establishments at Auckland and Wellington, in being voluntarily wound-up to facilitate reorganisation in two separate companies, one uj carry on tho business at Auckland, and the other to carry on the business at Wellington. Mr Charles Hudson, accountant, of Auckland, has been appointed liquidator. LOCAL BODIES’ LOANS. Tho consent cf tho Governor-General in I Council has been given to the raising of the billowing loans by local authorities: 1 £ I Thames Valley Electric Power Board 200,CJ0 | Matamata Town Board - 60,000 j New Plymouth Borough Council - 57,000 j New Plymouth Harbour Board - - 50,000 . Christchurch City Council - 16,000 ! Blenheim Borough Council - - 10.000 1 To Puke Town Board - 9,000 ■ Unwa County Council - - - 7,000 1 Tsuranga County Council - 5,000 | Awakino County Council - 4.500 ! Wairoa County Council ■ - 4.000 WAIIII GRAND JUNCTION. Tho management of the Waihi Grand Junction Gold Company has dispatched the following cablegram to tho London office of the company “ Mary lode, No. 3 level, east, has been extended. From 645 ft to 708 ft i tho average width is 51 inches, and tho average value £3 7s 6d a ton, with no walls seen.” I This means that for the last; G3ft driven, going east, the Mary reef has disclosed highgrade ore, and as the walls have not been exposed it is apparent that a nice body ot stone is being followed going east through iho Extended section of the company's property.”