STOCKS AND SHARES.

New Zealand Herald, Volume LXVIII, Issue 20924, 14 July 1931, Page 5

STOCKS AND SHARES.

THE AUCKLAND EXCHANGE.

WEAKER TONE DEVELOPS

r \ /'./ . Easier conditions prevailed on tho Auckland Stock Exchange yesterday and tho volume of business was very small in comparison with last week's active trading. War Bonds hardened and there was steady inquiry for Inscribed Stocks, Support for local body debentures was weaker, i

There was a»marked setback in the banks group and prices for most lines were written down, while for some support was withdrawn altogether. Tho only dealing in tho section was confined to New Zealahds. Late business on Saturday was recorded at 48s and yesterday a further transaction took place at '47s. Commercials of Australia were asked for at 13s 9d, compared with 14s on Saturday. Insurance held fairly firm, although there, was a weakening in offers for New Zealands.

Improved inquiry was registered for Goldsbrough-Morts. Auckland Gas were .taken unchanged at 23s 3d. Slightly better support was forthcoming for New Zealand Breweries following the announcement of tho dividend payment for the year.

General investments were little changed. Buyers of Australian Glass returned to the market at 23s and British Tobaccos were wanted unchanged at 24s 9d. A rise of 3d to 35s in offers for Wilsons Cement failed to attract any quotation from sellers.

Inquiry over a fairly wide range was sustained fn mining. Leading issues showed little movement. Business was confined to a single sale of Waihis, which was completed late on Saturday at the current price of 15s 6d.

CALL AND DIVIDEND LIST. Dividends— . Due. Auckland Gas—interim, 8 p.c. „ p.a. .. . . -My 29 National Bunk of N.2.—final, 4 p.c. July N.Z. Breweries—final. 61 p.c. .. July . Union Bank of Australia—final, 2 p.c., making 7 p.c. for year July 31 New Zealand Insurance—final, Is a share Aug. 5 AUCKLAND GAS COMPANY. DIVIDEND RATE UNCHANGED. The directors of the Auckland Gas Company, Limited, have declared an interim dividend at the rate of 8 per cent, per annum, which is the usual rate. Distribution will be made on July 2,9. BORING FOR OIL. [BY TELEGRAPH.— rRESS ASSOCIATION.] ' WELLINGTON, Monday. New Plymouth (New Zealand) Oil Wells, Limited, report for the week ended July 6 as follows;—We drilled to 2307 ft. The formation was calcareous mudstone. Strong gas and good oil showings persist,

CLOSING QUOTATIONS. Buyers. Sellers £ s. d. £ s. d BANKS. Aua. of Commerce .. 0 13 0 0 14 6 Australasia . . 9 12 6 Com. of Australia . . 0 13 9 0 14 3 Ditto (pref.) 5 7 6 5 18 0 Eng., Scot, and Aus. 3 16 0 4 2 6 National of N.Z. 4 14 6 New South Wales . . 25 10 0 New Zealand 2 7 0 2 8 0 D pref., 20s pd. . . 1 5 6 Union of Australia .. 6 5 0 6 14 0 INSURANCE. National . . . 0 12 9 0 13 2 New Zealand . s . . 2 1 6 2 2 3 South British 2 11 0 2 11 3 Standard — 2 9 G LOAN AND AGENCY Abraham and Williams — 3 17 6 Dominion Investment 0 17 0 Farmers' Co-op. Aug. (B pref.) — 0 16 0 Goldsbrough-Mort .. 1 0 0 1 0 9 Newton Kins (pref.) 0 9 0 N.Z. River Plate . . 1 1 6 — N.Z. Guar. Corp. (ord.) — 0 5 3 N.Z. Loan and Merc, 61 0 0 Reliance Loan — 0 17 6 Ditto (pref.) — 0 18 0 COAL. Grey. Valley . v ». 0 IS 0 Pukemiro .. .. — 2 0 0 Renown (ord.) — 0 13 0 • Ditto (pref.) ». 0 3 3 Taupiri .. k . 1 0 9 — Ditto (pref.) •,. 1 2 0 — Westport .. — 1 4 0 GAS. Auckland . s 1 3 0 • 1 3 G Ditto (con.) 0 17 4 0 18 0 SHIPPING. Devonport Steam . . 0 19 6 1 0 3 Huddart-Parker -1 1 0 1 3 0 Northern Steamship . 0 6 0 0 10 0 Ditto (con.) — 0 5 0 P. and 0. (def. stk.)' 1 5 6 — TIMBER. Bartholomew 0 14 0 0 18 6 Kauri . . .. 0 8 0 0 8 9 National . „• — 0 7 6 Parker-Lamb — 0 11 0 'WOOLLEN. Ivaiapoi 0 6 6 0 8 0 BREWERIES. C. L. Innes (pref.) 1 1 0 N.Z. Breweries 1 14 9 1 15 9 Tooth's .. i . . 0 17 0 0 18 0 Timaru .. 0 12 0 — MISCELLANEOUS. Australian Glass 1 3 0 1 5 G British"" Tobacco 1 4 9 1 5 9 Bycroft, Ltd. 1 G 0 1 9 6 Colonial Sugar 34 5 0 35 5 0 Electro. Zinc (pref.) 0 14 6 — Farmers' Trading Co. 0 5 6 0 6 0 Ditto (A pref.) . . 0 14 6 — Ditto (B pref.) .. 0 9 0 — Gear Meat 1 4 0 1 7 0 Hill and Plummer . . — 0 16 0 H.M. Theatre (pref.) 0 18 0 — Kempthorne-Prosser 2 10 0 — Lewis Eady, Ltd. (pf.] — 0 19 0 Milne and Choyce .. 0 18 0 1 0 0 Ditto (deb. stk.) . 0 18 3 0 19 0 Moturoa Oil . . i.. . 0 2 6 0 5 0 National Pictures . . 0' 5 0 — Robinson Ice Cream — 1 0 6 Sanford (pref.) — 0 19 0 Taranaki Oilfields .. — 0 1 3 Thames Theatre 0 10 0 0 14 0 Union Oil — 1 0 0 Wairakei — 0 7 0 Whittome-Stovenson 1 2 6 — Wilsops Cement 1 15 0 — Woolworth (N.Z.) (pf.) 1 3 0 — MINING. Moanataiari — 0 1 3 Ditto (3s 2d pd.) . . — 0 0 4 Ditto (Is Gd pd.) .'. — 0 0 8 Consolidated Goldfields 0 0 ■51 0 0 8 Cornish Point 0 0 11 — 10 King Solomon 0 2 8 0 2 Komata Reefs 0 0 10 — Mahakipawa 0 0 61 . — Ditto (pref.) 0 0 8 — Waihi . . >. . ' 0 15 3 0 15 8 Waihi Grand Junction 0 3 2 — 9 Okarito — 0 10 Mount Lyell 0 17 9 0 18 6 TINFIELDS. Kuala KanVpar _ 0 G G * N.Z. GOVT BONDS. War Loan. 1938, 41 .. 9S 0 0 e— Ditto, 1939, 41 . . 98 0 0 — Ditto, 1941, 41 .. 98 0 0 — Ditto, 1933, 5}, tax. 97 15 0 — G Ditto, 1933, 54, tax. 99 2 6 99 7 Ditto, 193G, 51, tax. 99 0 0 — N.Z. INSCRIBED STOCK. War Loan, 1938, 4} .. 97 15 0 98 10 0 Ditto, 1939, 41 ... 97 15 0 — Ditto, 1937, 5J, tax. 96 0 0 — Ditto, '27-41, 5i, tax. 96 0 0 — Ditto, 1933, 5J, tax. 97 .15 0 — 0 Ditto, 1933, 55, tax. _ 99 10 Ditto, 1936, 54, tax. 99 0 0 — Ditto, 1932, 5J, tax.' 98 0 0 — DEBENTURES. Ak. Har. Brd., '40, 51 97 10 0 100 10 0 Thames, 1944, G . . — City Auck., 1944, 54 . . 97 0 0 — Ak. E.P. Brd., '45. 55 97 0 0 or. o 0 Ak. Trans. Bd., '49, 5i 92 0 0 Whangarei Bor., 6 . . — 102 0 0 Waitemata, 1950, 5 J 98 0 0 ioo o 0 Auckland Gas, 1932, 5 97 0 0 — Ditto, 1935, 61 . . 101 0 0 — N.Z. Breweries 1 1 0 — N.Z. Farmers' Co-op., Canterbury, 1940, (31 52 10 0 95 0 0 Williamson's Films . . —