WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume LI, Issue 7, 8 December 1930, Page 5

WELLINGTON STOCK EXCHANGE.

LAST WEEK’S BUSINESS AND PRICES. The 6tock exchanges experienced dull trade last week, and the turnover was within small compass. There was comparatively heavy trading in two or three lines on a lower basis of values. Generally prices all round were lower, owing mainly to dividend reductions or the passing of dividends.

Government securities and the debentures of local bodies are receiving more attention from investors, and especially from that section who prefer fixed interest-bear-ing securities. N.Z. Government 43 per cents. (1938) changed hands at £9B 10s; the 53 per cents. (1941) at £95 5s and tho 53 per cents. (1933) at £99 17s 6d, and (1936) at £99 2s 6d and £99 7s 6d. SpringsEllesmero Power Board, 53 per cents. (1935) sold at £9B 10s; Lower Hutt Borough 6 per cents. (1944) at £101; Wanganui City 53 per cents. (1943) at £99, and Mount Eden Borough, 53 per cents. (1964) at £97 10s.

Business in bank shares was restricted, and the demand throughout the week was poor. Values of bank shares have eased, and give evidence of remaining low. The heaviest trading during tho week was in Bank of New Zealand and Commercial Bank shares, both being lower than for some time past. The reduction of the Bank of New South Wales dividend from 10 per cent, to 9 per cent, per annum following upon the elimination of tho bonus of 23 per cent, last year have made investors cautious regarding tho market value of bank shares, and many are holding off in the meanwhile. The course of sales of the bank shares which changed hands is as under:—

Bank of Australasia, £lO, £9 10s, £lO, £9 15s, £lO. Commercial Bank of Australia, 16s 7d, 16s 6d, 16s, 16s 2d, 16s 3d, 15s lid, 16s, 166 3d, 16s 13d, 16s 3d, 16s 2d, 16s 2d, 16s 2d, 16s Id, 16s 4d, 16s 3d, 16s 2d, 16s 2d, 16s 2d, 16s Id, 16s 4d, 16s 3d, 16s 2d, 16s 2d, 16s Id, 16s 3d, 16s. English, Scottish and Australian Bank, £5, £4 19s. Bank of New South Wales, £29. National Bank of Australasia, £5 paid, £6 6s, £6 8s cum. div., £5 3s ex div. Bank of Now Zealand, 525, 535, 52s 6d, 52s 9d, 52s 9d, 52s 9d, 535, 52s 6d, 52s 6d, 52s 6d, 53s 6d, 52s 9d, 525, 52s 6d, 52s 6d, 52s 4d, 52s 6d, 52s 4d, 52s 3d, 52s 3d, 52s 3d, 53s 2d, 53s 2d, 53s 2d, 52s 2d, 52s 4d, 52s 3d.

On rumours of the distribution of 5 per cent, dividend tho shares of Goldsbrough, Mort and Coy. showed a firming tendency, but later official information was to the effect that the directors had decided not to make any interim disribution, and the shares eased to 19s 9d, which is just below the face value of the scrip. Dalgety and Coy. sold down to £7 15s. There was fair trading in New Zealand Guarantee Corporation at 7s. Insurance shares were slow, but firm. New Zealand Insurance changed hands at 41s 9d and 525, and South British Insurance at 55s 9d. • A small business was done in Gas shares. Auckland Gas 6old at 23s 4d and 23s 3d, Christchurch Gas at 25s and 25s Id, and Wellington Gas at 295. The Auckland, Wellington, and Christchurch Gas Companies close their financial years at the end of the month, and no doubt they will each distribute tho usual dividend of 8 per cent, per annum. Meat shares were very dull for obvious reasons. New Zealand Refrigerating 20s paid sold at 8s 9d and 10s paid at 2s 5d and 2s Id. A small business was done in coal shares. Waipa Coal sold at 7s, Pukomirb Collieries at 40s, and Westport Coal at 265.

A fair business was done in brewery shares. New Zealand Breweries sold at 42s 6d and 435, cum. dividend, and at 42s down to 41s 2d ex dividend. Staples and Coy. changed hands at 40s and 39s 9d, Tooth’s Brewery at 24s and 23s lOd, and Carlton Brewery at 245. British Tobacco were easier with sales at 32s down to 30s; Burns, Pliilp and Coy. sold at 29s 3d, Electrolytio Zinc, ordinary at 11s 9d, preference at ITs 6d. New Zealand Farmers’ Fertiliser at 16e 4d; Australian Glass at 27s 3d and 27s Id; New Zealand Paper Mills at 18s 3d; Robinson’s Ice Cream at 22s 6d; Taranaki Oil at 2s and 2s 3d and Mount Lyell at 19s 3d up to 2s 4d, cum. dividend. SATURDAY’S QUOTATIONS. Buying and selling quotations at Saturday morning’s call on the Wellington Stock

SATURDAY’S SALES. The following sales were recorded on the stock exchanges of the Dominion on Saturday : Wellington.—Bank of New Zealand, £2 12s 3d; Goldsbrough, Mort and Co., £1; Auckland Gas, £1 3s 3d; Wellington Gas, £1 9s. Christchurch.—Commercial Bank of Aus.

(2), 15s 9d; Union Bank of Australia, £9 2s 6d; Auckland Gas (2), £1 3s 4d; N.Z. Breweries, £2 Is; Tooth’s Brewery (3), £1 4s, £1 3s lid; Australian Glass, £1 6s 6d; British Tobacco (2), £1 10s, £1 9s lid, £1 9s lOd; Electro. Zinc., pref., 17s 6d; Mahakipawa, 7£d.

SKINS, HIDES AND TALLOW SALE. The usual fortnightly salo of sheepskins, hides, tallow and sundries was held at Wellington on Friday afternoon. Sheepskins; There was a fair demand for all descriptions at a decline on last sale’s rates. Good pelted skins wero lower by £d to Id, damaged, seedy and inferior Jd. Salted skins showed a corresponding decline. Hides: Fair supplies were brought forward, prices being round about last sale’s quotations, well-conditioned ox hides 701bs and over, selling up to 6d per lb. Kip and yearling sold well up to previous quoted rates, while calf wore slightly easier. Tallow: Tho market w T ns unchanged, and inferior descriptions aro still difficult of salo. Tho following is tho range of prices: Sheepskins: Halfbrod, 4£d to s£d; fine crossbred, 3j?d to s£d; medium crossbred, 33d to 4£d; coarse crossbred, 2Jd to 4£d; half wools, 2d to 33d; quarter wools, l£d to 3d; pelts, l£d to 3id; pelts, salted, lOd to Is 3d; quarter wools, 6d to Is 4d; full wools, 2s 9d to 3s Id; lambs, lOd to Is. Hides: Ox, 33-441bs 3| to 43d, 45-521bs 3|d to 43d, 53-591bs 33d to 53d, 60-691bs 5d to sfd, 701bs and over s|d to 6d; cow, 33-391bs 2£d to 4£d, 40-481bs 3£d to 4£d, 49 and over 2d to 4£d; kip, 25-321bs, 3£d to sd, 17-241bs 3d to 6£d: yearling, 11-16 lbs 5d to 7£d; calf, 8-10Ibs 73d to 7|d, 6-81bs 9£d to 10£d, l-51bs 6£d to 10£d. Tallow : In casks, 19s 6d; in tins, etc., 12s to 19s. Cow tails, 12id; horse hair, 12£d to 12Jd.

SALE AT FEILDING. Levin and Coy., Ltd., report the following prices at the Feilding sale on Friday, December stli: —Springing heifers, £6 15s to £9 10s; springing cows, £6 ss; empty cows, £2 10s to £4; fat cows, £3 15s to £7; 2-year P.A. steers, £5 to £5 ss; Jersey bulls, £3 5s to £4; S.D. ewes and lambs, 30s; 2tooth wethers, 11s 2d to 12s 8d; wethers, 14s; fat lambs, 16s 6d; fat 2-th’s, 16s lOd to 20s; fat wethers. 18s 3d; fat ewes, 10s 3d.

Exchange were as follow Buyers. Sellers. N.Z. GOVT. LOANS— £ 6. d. £ 8. d. 4£ p.c. Insc. Stk., 1939 — 98 15 0 4£ p.c. ditto, 1938 — 98 12 6 5£ p.c. ditto, 1933 — 99 10 0 51 p.c. ditto, 1941 95 0 0 — DEBENTURES— Wellington Gas Co. .. 99 0 0 99 17 6 Lower Hutt Borough, 6 p.c., 1944 100 0 0 101 5 0 BANKS— Australasia — 10 0 0 Aust. of Commerce ... — 0 19 6 Commercial of Aust. lord.) — 0 16 2 English, Scottish and Australian — 5 5 0 National of N.Z — *5 10 0 Nat. A’asia. (£5) 5 3 6 5 10 0 New Zealand 2 10 8 +2 11 3 Union of Australia ... — 9 10 0 FINANCIAL— Equitable Bldg. Co. . — 8 15 0 Goldsbrough Mort .... 0 19 9 0 19 10 N.Z. Guarantee Corp. lord.) 0 6 10 0 7 0 N.Z. Invest., Mtg. and Deposit 0 10 0 11 0 Well. Invest., T. & A. 6 — Well. Deposit and Mortgage — 0 11 0 GASAuckland — 1 3 6 Gisborne — 0 11 6 INSURANCE— New Zealand — 2 2 6 MEAT PRESERVING— Gear — 1 15 4 N.Z. Refrigcrat. (10s) — 0 2 3 TRANSPORT— Huddart-Parker (pref.) 0 19 7 Union Steam (pref.) . 1 0 0 — COAL — Taupiri (ord.) 1 2 6 — Waipa • 0 6 0 0 8 9 BREWERIES— New Zealand — +2 1 7 Staples and Co — 2 0 0 M IscELLANEOUS — Burns, Philp and Co. 1 9 6 1 12 0 British Tobacco (ord.) 1 9 9 1 10 b Electro. Zinc (pref.) . 0 17 5 — Farmers’ Auctioneering (“B” pref.) — 0 13 C Howard Smith (ord.) 0 8 6 0 10 6 National Electric 0 8 9 — N.Z. Drug — 3 1 0 Taranaki Oil 0 2 4 0 3 0 Wairarapa Farmers’ (pref.) — 0 13 6 Con. Brick and Pipe 0 12 6 0 15 0 MINING— Mount Lyell *1 0 0 — *Cum. dividend. +Ex dividend.