MORTGAGE CAPITAL

New Zealand Herald, Volume LXXII, Issue 22141, 21 June 1935, Page 7

MORTGAGE CAPITAL

allotment of shares "UNOFFICIAL" SALES MADE Mortgage Corporation shares are selling " unofficially " in Auckland «it a premium of about 2s on the basis of 5s paid. Settlement is delayed until after the opening of tho share'register. It is probable that the register will not bo open until August 1, according to advice received from Wellington. The scrip will probably bo posted to shareholders before then and on that date, it is stated, the Treasury, which is dealing with tho issue of capital, will hand over to the Mortgage Corporation the share records complete. It is thought possible that the Corporation will be officially incorporated on August 1. It is understood that some of the applicants for large parcels of shares are disappointed at the small allotments received. On the other hand, some small holders are seeking to build up their allotments. AUSTRALIAN EXCHANGES - YESTERDAY'S BUSINESS (Received June 20, 7.35 p.m.) SYDNEY, June 20 On the Sydney Stock Exchange today there was good demand for Tooth's scrip and other leading industrial shares strengthened. Commonwealth bonds were firmer. This morning's sales included:—Commonwealth bonds, <3i per Qent 1948, £99 15s; 4 per cent, 1928, £lOl 18s 9d; 1941, £lO3 7s 6d; 1944, £lO4 12s Gd; 1947, £106; 1950 and 1953, £lO6 17s 6d; 1957, £106; 1959, £lO5 17s 6d; 1961, £lO6 12s 6d. Bank of New South Wales, £3l 10s; Commercial Bank of Sydney, £l7 16s; Tooth's Brewery, 53s 9d; Anthony Hordern, 23s 3d; Associated News, 23s 6d; Broken Hill Proprietary, 57s 3d; Meggitts, 225; Millaquin Sugar, 33s 9d. Lator sales' included: —Bank of New South Wales, £3l 12s 6d; Commercial Bank of Sydney, £l7 16s; Colonial Sugar, £44; Mercantile Mutual Insurance, 2os 4£d; New Zealand 4 per cent debentures, 1946, £lO7 10s; Huddart Parker, 395; Tooth's Brewery, 545; Gordon and Gotch, 46s (3d; Goldsbrough Mort, 29s 74d; General Industries, 18s 3d; Morris Hedstrom, 21s 10Jd; Millaquin Sugar, 345; Henry Jones, 37s 6(1; David Jones, 40s 6d; Broken Hill Proprietary, 58s 3d; South Broken Hili, 80s; Kuala Knmpar, 12s lid; Hawing, 7s 4d; Placer Development, £2B 15s. Melbourne sales included: —Australian Glass, 70s; Herald and Weekly Times, > r )6s; G. J. Coles, G9s 3d; Mount Lyell, 19s. GOLD AND SILVER QUOTATIONS IN LONDON (Received June 20, 7.35 p.m.) LONDON, June 19 Fine gold is quoted to-day at £7 0s 11 id an ounce, compared with £7 Is 2d yesterday. Silver is quoted at 32 3-lGd an ounce spot, and 32 7-16 d forward, compared with 32 U-lGd and 32 15-16 d yesterday, Tho quotation for silver at per fine ounce is 34Jd, compared with 35 5-16 d yesterday. SALE OF HONEY IMPROVED PRICES PAID [kkom our own cowihspondknt] HAMILTON, Thursday Tho annual meeting of tho shareholders of New Zealand Honey, Limited, was held last evening, Mr. W. Nelson presiding Mr. Nelson stated that the pay-out on last senson's output would bo at least 4jd per lb. On the current year's trading there was every reason to hope for a pay-out of from to 5d per lb. The company had filled all tho oldpriced contracts, and had secured new contracts for the supply of nearly 140 tons spread delivery to merchants at prices considerably in advance of those ruling a year ago. It was estimated that 70 per cent of the honey produced in New Zealand was sold on the local market. The, retiring directors, Messrs. L. Irwin and A. B. Callick, were reelected. ,