FINANCIAL AND COMMERCIAL

New Zealand Herald, Volume LXXIII, Issue 22469, 13 July 1936, Page 5

FINANCIAL AND COMMERCIAL

( STOCKS AND SHARES £HE AUCKLAND EXCHANGE COMMERCIAL BANKS LOWER An.active tone marked closing operations for the week on the Auckland Stock Exchange on Saturday. Considering there was only one call, the turnover was fairly heavy. Offers for the 4 per cent Government loans were advanced and sellers of the stock issues came oil the market. However, no business was done. Levels for Commercial Banks continued to decline and a parcel was secured Id cheaper at 18s Sd, at which more were available. New Zea lands dropped 3d in a. transfer at 41s 3d. .Business in loan and agency shares was at unchanged rates and levels in the other classified groups showed little variation. A feature of the market for Australian industrials was the further improvement iu Dunlop Pcrdriaus, which sold 2d higher at ISs 9*l. Hume Pipe were fractionally cheaper, but Morts Dock ro<fe sharply in dealing at 12s 3d and 12s Id. Taranaki Oil were secured 3d lower at Is Id. New Zealand industrials were dealt in at current rates.

STOCK EXCHANGES SATURDAY'S SALES RETURN ON INVESTMENTS Following is a list of Saturday's transactions ou the New Zealand Stock Exchanges and the yield at the quoted price. The exchange premium on dividends payable in sterling is included. The yield on 4 per cent Government loans includes redemption, and on 3J per cent loans is for interest alone, covering only the tax-free period. AUCKLAND EXCHANGE

THE MINING MARKET A STEADY TONE • SALES AT LATE RATES In the mining market on the Auckland Stock Exchange on Saturday n concession by holders of Mount Morgans facilitated business unchanged at 15s 6d. Mount Lyells also were taken at the current rate. Closing quotations were:—

SATURDAY'S BUSINESS Following is a list of Saturday's transactions in mining shares on Now Zealand Stock Exchanges:— AUCKLAND EXCHANGE Sale Price Rise or Yield & s d fall £ s (1 Mt. Lyell .14 3 *4 2 0 Also.—Mount Morgan, 15s Cd. CHRISTCHURCH EXCHANGE Argo, Is !?Vatl; Gillespie's Beach, Is id (2); Maori Gully, lid (2); Nemona, is 3Vjd; Skippers, 4d. DUNEDIN EXCHANGE Sale Price Yicla £bd £ b d Mount Lyell .. 1 4 3 *4 2 G •Based on interim dividend at rate per annum. PRICES OF METALS TIN DECLINES AGAIN (Received July 12, 5.5 p.m.) LONDON, July 11

Following were yesterday's quotations on the London metal market, compared witl* those of July 9:—

Quotations for other metals, with last week's prices in parentheses, are:— Pig iron: Home trade, £3 12s 6d (£3 12 s 6d); export, £3 12s Gd (£3 12s Gd). Antinionv: British, £67 (£67): foreign, £lO 10s (£4O 10s). Molybdenite, £1 16s Gd (£1 16s 6d) a unit. Wolfram, £1 7s 3d (£1 8s 9a) a unit. GOLD AND SILVER QUOTATIONS IN LONDON (Received July 12, 5.5 p.m.) LONDON, July 11 Fine gold .is quoted to-rlav at £6 18s 8d an oz., compared with £6 19s yesterday and £6 19s Id on Ihursday. Silvdir is quoted at 192 d an oz. spot and forward, compared with 19 11-16(1, both positions on Thursday. The quotation for silver at per fine oz. is 21 5-16 d, compared with 21id on Thursday. ENGLISH PAPER MILLS FUSION OF INTERESTS (Received July 12, 5.5 p.m.) LONDON, July 11 The fusion of the interests of Bowatcrs Paper Mills, and Edward Lloyd Limited, lias resulted through the acquisition by Bowaters from Allied Newspapers of 80 per cent of the ordinary share capital of Lloyd s. MINING SHARES IN LONDON LONDON. July 10 On the mining market to-day Mount Lyells sold at 19s 3d and New Guinea gold at 'is 3d.

CLOSING QUOTATIONS Buyers Sellers .t s d £ s d BANKS Australasia — 12 0 0 Com. of Australia 0 IS 6 o J.8 s Ditto (prof.) — 9 4 0 E.. f. and A. . . — G G () Nat. N.Z. (ex div.) — 3 8 0 Nat. Australasia . . — 14 10 0 Ditto (con.) 7 0 0 7 3 0 New South Wales 32 10 o ; 33 5 0 New Zealand . . 2 1 0 *2 i G D Mort., 20s pd. 1 S 0 — Union of Australia !l l> 0 9 10 0 INSURANCE National .. 0 IS 7 0 IS ' It Mew Zealand" — 3 o G Queensland S 0 0 — South British 4 11 0 4 12 (i Standard .. 3 2 0 3 4 0 LOAN AND AGENCY Abraham and Williams (prof.) — 4 o G Dclgety — 9 0 0 Dom. Investments 0 10 9 — farmers' Coop. Auct. paid) 4 o 0 4 10 0 Ditto (C2 paid) 1 S (J 1 .11 G Ditto (i'l paid) 0 13 (> — Ditto (A prof.) 1 2 0 — Ditto (B pref.) 1 1 U 1 o 0 Goldsbroucrh-Mort . 1 11 0 1 . 11 3 Newton Kinjr (pf.) — 0 s G N.Z. and River Tlato 0 13 0 — N.Z. Guar. Corp. — 0 5 10 N.Z. Loan and Merc. ( — 35 0 0 Nth. Auek. Farmers' Co-op. 0 2 0 — Ditto (B pref.) 0 12 6 — Traders' Finance 0 12 0 — Ditto (con.) 0 4 2 — Ditto (pref.) — 0 19 0 WriRht-Stephcnson 19 (pref.) — 0 0 COAL Kaitansata 1 1 0 1 4 0 Pukemiro 1 4 0 1 7 0 Renown 0 11 7 0 12 3 Ditto (pref.) .. 0 2 11 0 3 2 Taupiri 0 15 0 0 1G 3 Ditto (pref.) .. 1 1 (1 — West port 1 2 0 0 — 0 Wcstport-Stockton 0 1 6 2 Ditto (pref.) .. 0 2 8 0 3 6 GAS Auckland 1 5 S 1 5 9 Ditto (con.) — 0 19 0 SHIPPING Devonport ' Steam 1 0 6 1 o 6 Howard Smith — 0 19 6 Huddart-Parker (pref.) .. 1 7 0 — Northern Steam .. 0 5 G 0 6 0 Ditto (con.) 0 1 0 0 1 3 P. and 0. (del.) — 1 7 0 TIMBER Bartholomew — 1 0 6 K? uri 1 3 3 1 3 9 Leyland-O'Brien .. — 1 3 0 National 0 12 6 0 13 6 Taupo Tofara Timber 16 l(is pd.) . . 0 14 0 0 0 Taringamutu' 0 11 0 — WOOL . AND TEXTILE Kaiapoi — 0 15 3 Yarra Falls — 2 0 6 breweries C L. Ifines 1 3 0 1 5 0 Ditto (pref.) .. 1 3 0 1 3 9 Dom. Breweries .. 1 6 9 — 0 N.Z. Breweries .. 2 13 0 2 14 MISCELLANEOUS Anthony Ilordern 0 18 3 — Aust. Glass . .. 4 11 G 4 12 0 Aust. Iron (pf.) .. 1 5 0 — 3 British Tobacco . . 2 0 9 2 1 Broken Hill Pty. 3 13 6 3 14 0 Ditto (con,) 2 15 0 2 15 6 Burns, Philp — 3 1G 6 Bycroft, Limited .. — o 3 0 Claude Neon (N.Z.) •1 10 0 2 1 0 Ditto (Syd.) .. — 2 9 3 Colonial Susjar .. 43 0 0 43 15 0 Consolidated Brick 0 10 0 0 10 5 Dental and Medical — 0 12 G Dom. Fertiliser .. 1 4 6 1 5 9 Donasrhy's Rope .. 2 12 0 0 — 9 Dunlop - Perdriau 0 IS 8 18 Ditto (pf.. 3 0 p.c.) — 1 15 0 Electro. Zinc 2 0 0 o 1 0 Ditto (pref.) 2 2 3 o 3 0 Frrmers' Trading 0 10 (i 0 19 9 Ditto . (B pref.) 1 0 3 1 2 0 Gear Meat — 1 0 0 General Industries 0 10 0 1 0 4 0 G. J. Coles 4 1 9 4 3 Grey and Menzies 0 11 G 0 13 0 Henry Jones Co-op. 2 2 0 — 0 Hill and Plnmmcr 1 1 0 1 2 Hume Pipe (Aust.) 1 0 9 1 1 3 K.D.V. Coxes 0 (con.) 0 3 —— 6 Lewis Eady (pf.) — 0 17 JIcKendrick Bros. (pref.) — 1 5 0 6 Macky JiOgan — 1 0 Milne and Choyce 0 15 0 0 16 0 Ditto (deb stk.1 — 0 Morris Hedstrom 1 6 0 — G 0 3 9 Morts Dock. 0 12 0 12 New A nek. Laundry — 1 0 „ N.Z. Drmr N.Z. Fertiliser — 0 3 19 1 2 1 2 N.Z. Newspapers 2 0 3 2 1 0 N.Z. Paper Mills 1 5 0 N.Z. Refrigerating 0 0 9 9 (con.) '.. 4 0 N:R. Milling (pf.) 1 3 a —~ Falmer, Collins 0 and Whitaker .. 1 7 — Peters Ice ' (N.Z.) 1 4 3 1 5 3 0 Robinson Ice 1 1 o 1 2 Sanford .. .. 0 3 G 0 4 0 Ditto (pref.) .. 0 14 0 0 17 6 0 0 3 Bharland ..- .. — 1 0 Ditto (pref.) .. — 0 1 1 Taranaki Oil 0 1 0 1 Thames Theatre .. 0 G G —. Union Oil J 10 0 —~ Wairakei 0 5 9 —' Whittome-Stevenson 0 10 0 ■— G Wilsons - Cement 2 0 3 2 1 Wcolworths (N.Z.) — 5 17 G N.Z. GOVT. LOANS Bonds— 15/11/38-11, 3V t 101 0 0 — 3-V1/37-10, 4 .. 102 15 0 ' 15/2/43-40, 4 .. 101 10 0 —* 15/4/40*49, 4 .. 101 10 0 — 1-i/O/o'J-oO, -1 . . 104 10 0 —■* Block—■ Mar., 3! 1-43, 3Va 102 0 0 — Nov., 38-52, 3Va 302 10 0 — Sep.. 311-iy. 3'/. 102 0 0 —— May, is'/, 102 10 0 — 15/ 11/38-41, 3 j / 4 101. 0 0 15/1/37-10, 4 .. 102 12 0 — 0 15/2/43-10, 4 .. 101 15 U 105 0 1-V1/40-41), 4 ., 104 ir> 0 105 0 0 lo/G/52-oo, 4 . . 104 15 0 105 0 0 UNOFFICIAL LIST Quotations on the unofficial list of «to Auckland Stock Exchange are : — Buyers Sellers Auck. Farm. Frcez. £ s (i £ s (■to paid) 5 (5 G — Bitlo (ii paid) Bellndges (Aust.), 1. 1 4 1 2 0 llr 01d issue 1 5 0 woolwortliH. (Syd.), 17 5 15 0 5 0 CALL AND DIVIDEND LIST ■Dividends—Woolworths (Sydm Due ey)—int.. quar* ,, terl.v, o ,, c Mossy Creek—Id July i^> a share July 15 Vpnsplidatcd Brick—2 n.c. July 10 Morgan—int., . £ share (juartcrly, 4Y a d July 20 Argo,—] ( j u g | laro July 20 golden Dim— is {''lion Jiank—int., Lritisli Tobacco—! N 7 ' V s " '' il ' Insurance — fi farmers' Pert 5 c on>. Bank A V! n share July 24 , 2s (id a shareJuly 29 iinartcrly, pref., July 31 mil. Is a p.c. share Aug. Auk4 15 «.—final. ord.. 3 i-3 p.c.j pref., 2 p.c, .. Aug.

Sale Price Rise or Yield .€ s (1 Fall J3 s d Com. Ilk. Aus. <> 18 8 -id 3 2 (i Hank N.Z. . I ;s -lid ■1 17 0 Dom. I. A B. 0 17 0 — •t 11 1 Farmers' Aue. 05 pref.) 1 2 0 — 4 10 11 Dunlop-Perd. 0 18 o +•_'(! — Hill and I'lum. .1 1 ti •1 13 0 ilumo I'ipo 1 0 JO -'/Id *4 10 0 Morts Dock 0 13 +8d — Dido .. 0 12 1 +(id — N.Z. Vert. 1 (i — 4 17 0 Turanaki Oil o 1. J -3d — Wilsous Cement 2 1 0 — 3 13 2 WELLINGTON EXCHANGE 8ale 1'rico Yield i' s ll £ s d Stock, lG'1/40, -1 . 10- 10 C 3 17 3 Bank N.Z. . . 2 1 (> •I 10 G (■uaranten Corp. . . 0 G (> •l 10 11 Huddart-Perker (pf.) 1 7 0 4 0 (> Tooth's Brewery (3) 13 0 3 11 S Dominion Rubber . 1 4 0 4 11 8 ISlec. Zinc (pf.) (4) 2 2 (> 3 14 2 Also: Queensland Brewery (rights), 3s (id. Unofficial list: Woolworths (Sydney), £6 17s. CHRISTCHURCH EXCHANGE Goldsbrousrh-Mort . 1 11 0 4 10 4 Broken Hill Pty. (2) 3 13 0 3 7 0 Dunlop-Perdriau .. oib y Dom. Builders (odd lot) .. .. o Gil 8 0 0 Kiec. Zinc .. 1 10 *4 0 S Hume Pipe .. 1 1 () *1 1G 3 Morts Dock . . Oil » Ditto . . . . o ii i i N.Z. llefrij?. (10s) (2) 0 !) 8 G 13 0 Ditto . . . . 0 0 7 g 11 y Unofficial list: Shillings', lis Oil; Woolworths (Sydney), .CG His (3d (2). DUNEDIN EXCHANGE Bank N.Z. . . >j t o 4 1 (! G National Ins. . . o is o 4 0 0 Huddart-Parker (pf.) 17!) 4 It (> Mosgicl Woollen . . 0 1G o 4 2 1 Aust. Glass .. .( ii » 3 G 3 Broken Hill Pty. 3 13 0 3 7 0 O. J. Coirs .. 4 2 0 3 0 4 Hume Pipe , . 1 1 o 4 1 3 Ditto . . .. Ill 4 14 10 Mill'urn Lime 2 2 0 1 2 4 *Based on Interim dividend at rate per annum.

Huyers Sellers Alexander (15s pd.) £ 8 d s d 0 13 0 0 15 0 Biff River 0 1 11 0 o 3 Blackwater 1 13 0 1 it 9 Consolidated Gold. 0 10 0 0 17 n Gillespie's Beach 0 1 0 0 1 4 Golconda Holdings 0 0 « 0 1 3 Golden Crown ') K 0 Golden Dawn 0 3 9 0 4 r, Goldfields Dredg 0 0 3 Kinpr Solomon O" 1 » Koniata Reefs 0 S 3 0 G 0 Maerewhcnua 0 0 2 0 0 03/ Maori Gully (ex div.) n 0 11. Martha 0 IS 3 0 IS 9 Mataki Gold Dredg. 0 1 5 0 1 7 Mataki Junction .. — 0 4 1 MoFsy Creek 0 1 4 O 1 7 X.Z. Crown Mines 0 ') G Skippers 0 0 3 0 0 4 Talisman Dubbo . . 0 8 9 o 9 9 Waihi Investments and Exploration, 0 9 0 0 9 9 Waihi Grand June.' 0 3 1 0 3 G Australia and Fiji— Emperor 0 lo 0 Mount Lycll 1 4 2 1 4 6 Mount Morgan 0 lo G 0 15 7 Placer Development 5 o 0 — Tavua Gold Dev. 0 1 G Upper Watut .. . 0 6 6 0 7 6

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