Page 7 Advertisements Column 7

Otago Daily Times, Issue 18159, 2 February 1921, Page 7

LATE ADVERTISEMENTS. HOTOGBAPHIC DEPOT. KODAKS AND CAMERAS. DEVELOPING AND PRINTING WHILE YOU WAIT. CAMERA COMPANY. OCTAGON. All Sizes Spools and Paper. Prints and Enlargements CAMERA COMPANY. OCTAGON. Telephone 182 _ 19jju PATENT AGENTS. Robeb t w a l b s. M.l.Mech.E, F.A.1.P.A.. A.IJP. A. 40 DOWLING STREET, - CONSULTING ENGINEER, PATENT AGENT. T:,, Authorised to Practise by N.Z. Government I am a Registered Advisory Patent .Agent./ and offer experienced and efficient service to Inventors. PATENTS.— CONSULT US. Confidential Handbook Free. Explains everything. A J. PARK & SON, Authorised Patent Agents. Empire Buildings, 179 Princee street, Dunedin r 63 Eak street, Invercargill Established 1806. Quick & smm h, SHAREBROKERS. Established 1888. 1 (E. R. SMITH, Member of Dunedin Stock Exchange.) WATER STREET FRONTAGE STOCK EXCHANGE BUILDINGS. P.O. Box 266. Telephone 365, Telegraphic Address: “Quickly, Dunedin.” H A MILTON & DAVIDSON; SHAREBROKERS (E. L Davidson, Member of Dunedin Stock Exchange), 21 STREET. P.O. Box 665. Telephone IZSH/ s L I G 0 B B O S.. STOCK AND SHARE BROKERS MAIN ENTRANCE, STOCK EXCHANGE BUILDINGS. MINING. BOATMAN’S CONSOLIDATED, . The mine manager reports as the period ended January 22:—Ah satkn-A patecl in last report, the repairing! of-..theut : No. 1 level (north) in the Fiery shaft was? completed before closing down for tin*, - Christmas holidays. The continuation, ot ' this drive in new country was commenced'; on January 8, and up to the present Ufl .v have been completed. The oountry .^mw being traversed is very hard, makyg JXOr-v-' gress somewhat slow. Some time Jfebr,? ruary the point should be reached, •wjtjtez& , it.. is anticipated the reef will be infenceptpd, THE SHARE MARKET DUNEDIN STOCK EXCHANGE' 36. Only two sales were effected on .’Change /i! yesterday—namely,-in Bank of NewV&SUadJ.Vat 48s, and though there was only" a penny margin between buyers and 1- ,'shUem;? at the close, no further transactions’ ‘ effected. A sale in New Zealand also reported at 60s, and at the cfoflS' f was a buyer at 69s 6d in a market bmjeßbi sellers. Buyers and sellers came tairlyeloae' in several instances, but failed to bridged.'; the margin separating them. ; -"if* Sales; Bank of New Zealand, 48s. ' i • - ' Sale reported: New Zealand Drug Co.,■ 60s.' - The following are yesterday’s latest'quotations, subject to the usual brokerage:— t'-? Dredging Stocks. v" ; - ll Rise and Shine—Buy. 3s. ■ ; -r.‘ Mining STOOU. > Talisman Consolidated—Buy. Waihi Grand Junction—Buy, Mount Lyell—SeL 15s 6d, i . , . .nr . INVESTMENT STOCKS. National Bonk, of N.Z.—Buy. £5; 10s; '~l Bonk of N.S. Wales—Sel. £32 10s. Bank of New Zealand—Buy. 47a : dd, aeL A. 48s 3d. •' ■'-! Union Bank’ of Australia—Buy. £l2, - eel. £l2 6s. National- Insurance Co.—Buy. 61s 6d, ael. 63s 6cL , ... ...... N.Z. Insurance Co.—Buy. 26a 3d, sel. 27a.. South British. Insurance —Buy. £B. - i ■ v. Standard Insurance Co.—Buy. P. and O. (deferred)—Buy. £350, U.S.S. Co. (pref.)—Buy. 18s 7d, eel. 195./; . >, Huddart, Parker (ord.) —Buy. 435; seL 44s 6d. ■ Westport Coal Co. —Buy. 27s 9d, sel. 27s ud. ' ■; Westport-Stookton (ord.) —Buy. 6s 3d, sel. 7e. D.I.C. (pref.)—SeL 20s ,3d. Goldsbrough Mort—Buy. 80s, aeL 34» 6d. National Mortgage—SeL 90s. /)., Wright, Stephenson (ord.) —Sel. ,39s ‘ 9d. ' Dominion Rubber—Buy. 235, eeL 27s 94. ■ .i »:i N.Z. Malay Rubber (ord.) —Buy. 19s 4d,' ueL. 20s. '■ ..... Dunedin-Kaikoroi Trams—SeL 2Ss‘9d. N.Z. Refrigerating (£1 paid)—Sel; '4ia;. .•** , N.Z. Refrigerating (10s paid)—Buy;- 20s 2d; .. ( S6l> 2lß< « . T‘ South Otago Freezing—Sel. £5 Is. •, Bruce Woollen Co.—Buy. 395. / • j Kaiapoi Woollen (ord.)—SeL 305.. ’ - Kaiapoi Woollen (10s paid)—Sel. 16s. f. Mosgiel Woollen —Buy. £5, sel. £5 10s. * ( N.Z. Paper Mils—Buy. 28s 3d, seL 28s 6d.' N.Z. Drug Co. (£2 paid)—Buy. 59a 64. N.Z. Hardware (ord.) —Buy. 15s, seL 16s 6dWilson’s Portland Cement—Buy. 16s 9<L ■ Wilburn Lime and Cement—Buy. 30s 6d...; ■ 1Howard Smith —Buy. 40a. -.i,,; Debentures. N.Z. Government Wat Bonds (4} per cent),-; 1930—Buy. £B9 10b. . . ’ ■ N.Z. 'Government War Bonds (4}par cent.), . 1938 Sel, £B9 10s. . ’ N.Z. Government War Bonds (4} per cent.), ' 1939 Sel. £B9 10s. N.Z. Government Inscribed Stock (4J per cent.) —Sel. £B9 15S. - ■ • Soldiers’ Settlement Bonds—Buy. £9O, eeL •" £9O 15s. Soldiers’ Settlement (inscribed)— -Buy.. £9O - ss. . NORTHERN EXCHANGES. ’ (Pxx United Puss Assoou.no>.} j’ ; AUCKLAND, February L ' “.> The following sales were reported:— Soldiers’ Loan (5} per cent.), £9O 10s; .Bank‘s, of N.Z., 48s 6d; Huddart, Parker, 445. . ‘ . f WELLINGTON, February' 1. „ Bank of N.2., 49e. - v .i MOVEMENTS IN INVESTMENT STOCKS. A circular issued by a London, firm of , stockbrokers under date the 7th; December , ' directs attention to the marked change , which has occurred since the pre-war period_ in the prices for first-class investment stocks' '■ ana in the returns yielded by investment in these stocks. Whereas stocks of this description gave an average return to 'the buyer of 3| per cent, to 4 per cent, in the spring of 1914 they" now, at prices which are 30 to 40 per cent,, lower than they then were, yield a return round 6 per cent. By way of illustration, the following are cited : as typical stocks: — . . ~ Price, Prico,March, Yield, Deo./ "Consols, 2J p.c. Local loans, 3 p.c. ... War stock, 5 p. 0., 1929/47 London and N.W. Railway, 3 p.o. . debentures Great Western Railway, 5 p-o. guaranteed Midland Railway, 21 p.o. preference Canadian Pacific Railway, 4 p.c. debentures N.S.W. 4 p.o. inscribed, 1933 these 1914. 7RJ 87J p.c. 3 6-16 3 7-16 50} 63} Yield;' P-t, . 6 6 ; 6t 6 9-ie 67} ' 8 3} Disoussmg 6} .- and u price - movements claiming "that the present affords an oppoiri tunity for the purchase of first-class, stock* . ; as bottom prioos, the firm write: — 1. The necessities of the war have led to two strongly-contrasted movements;— j first, the rise in the bank rate from 3 to 7 per cent, and the consequent fall in thsprices of all investment stocks, and/ secondly, the rise in price of all raw J modifies, articles of food, and tured goods. ’ • . 2. These movements had a common cause, and now that that cause has. ceased ' Z to operate it is reasonable to thipk that these movements will be reversed. ’ ’ i.- , 3. Such a reversal has already started - in the big wholesale markets, in which - ; prices have fallen sharply in many dims- - tions, and it is only a question qf tima. for -this change to spread to ths retaiL markets. . '' v . 4 11 4. We conclude from this that the time., ~f| is ripe for an improved demand for • ijftJlß 2% vestment stocks, and as a matter of fact/*? there is already evidence in the msrkett'’ that this has begun. 4 > js 5. In a word, the war made goods dear' , and stocks cheap; Peace should maki^i'■ * : goods cheaper and put stocks higher. ‘ . _ li.j.fjgggmg Before an aeroplane is it has to paw through 292 issta. ~ '