COMMERCE AND FINANCE

Otago Daily Times, Issue 21987, 23 June 1933, Page 6

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Business in Broken Hill Souths was reported on the Dunedin Stock Exchange yesterday at £2 16s 4H no further quotations being forward. _ Business was also reported in Nokomais at 4s, at which price they are now on offer, the best buying quotation being 3s 10d. Ihcre was an unsupplied buyer of Is ational insurances forward at 16s 9d. New Zealand Refrigerating contributing shares are now available at 5s lid, the latest offer being 5s 9d. The demand for Government Loans continues to be steady. SALES REPORTED.

DIVIDENDS PAYABLE. The following is a list of shares on which dividends will shortly be payable;— Broken Hill South, Is .... June 23 Bank of N.Z., Is, final .. .. June North Broken Hill, Is .. . • • • J une *9 Golctebrough, Mort, 6d, final ... June 29 British Tobacco, 3 3-sd, interim June 30 Blackwater, Is 6d, final .. .. June 3.0 Consol. Goldfields, 9d, interim June 30 N.Z. Breweries, 8 2-sd, finall .. July National Mortgage (£2 paid), la, interim .. •• •• •; Ju *y 1 National Mortgage (£1 paid) ' 6d. interim Jw 1 N.Z. and River Plate, 7 I-sd, interim Jul y 1 r NORTHERN EXCHANGES (Per United Press Association.) The following business was done on ’Changes yesterday:-- . Auckland. —Sales: Stock (1955) 4 per cent., £IOO 10s; Commercial Bank of Australia, 16s 3d, 16sAd; National Bank of Australasia (cont.), £6 7s; Union Bank, £8 11a fid; National Insurance, l/s (two parcels): New Zealand Insurance, 49 e .9d (two parcels); New Zealand Breweries. 33a 6d. 33s 9d; Kempthorne, Prosser, 645; New Zealand Newspapers, 26s (two parcels) ; New Zealand Paper Mills, 275; Waihi. 225; Mount Lyell, 22s sd; Waitß Wellington.— Sales: Commercial Bank of Australia, 16s 4d; British Tobacco (cum div.), 35s (both late Wednesday) ; National Bank of New Zealand (cum

LOCAL AND OVERSEAS MARKETS.

div.), 76s lOd; New Zealand Refrigerating (paid), 14s 9d (two parcels); Bank of New Zealand (long term; cum.), 31s (three parcels); Freshford, Is Id; Okarito, 10s. Unlisted: National Tobacco, 59s 9d. Christchurch. —Sales: Commercial Bank of Australia. 16s 5d (four parcels); Dalgety and Co., £9 ss; Goldsbrough. Mort (cum div.), 26s 9d; New Zealand Refrigerating (£1 paid), 14s 9d; New Zealand Refrigerating (10s paid), Ss lid (two parcels); New Zealand Breweries (cum div.), 345, 34s Id; British Tobacco (cum div.), 34s 7d; Electrolytic Zinc (pref.), 31 s 3d; Mount Lycll, 22s sd; Alexander (13s 6d paid), 13s, 14s; Freshford, la Id (two parcels); Golconda (6d paid), 10d; Nokomai, 4s (two parcels); Okarito, 10s; Mount Coolon, 17s, 16s fid. . Sales reported: Ne\v Zealand Government 3J per cent. Inscribed (1938-52), £100; New Zealand Government 4 per cent. Inscribed (1955), f 100 10s; Commercial Bank of Sydney, £l6 19s; National Bank of Australasia (£5 paid), £6 7s; Bank of New Zealand (“D” mortgage; cum div.), 31s (two parcels). Union Bank of Australia, £8 11s, £8 10s fid; New Zealand Refrigerating (£1 paid). 14s sd; New Zealand Refrigerating (10s paid), 5s lOd, 5s lid, 6s. Unlisted sales: Bell, Hooper, is; Bell Hill, 3s 6d (two parcels); Snowy River, 3s 6d. AUSTRALIAN STOCK EXCHANGES fUnlted Press Association.) (By Electric Telegraph—Copyright.) SYDNEY. June 22. (Received June 22, at 8.30 p.m.) On the Stock • Exchange most of the leading securities were firmer, Commonwealth Bonds showing an improvement of two to six points. Sales. —Bank of New South Wales, £3l 17s 6d; Commercial Bank of Sydney, £l7 2s; National Bank (£5 paid), £6 6s 6d; Colonial Sugar, £57; United Insurance, £8 17s fid; Howard, Smith, 9s lid; Australian Gas, £7 ss; Associated News, 9s Id; Associated News (pref.), I9s Isd; British Tobacco, 355; Berlei (cont.), 13s 3d; Goldsbrough, Mort, 27s 4Jd; Anthony Hordern, 10s; Anthony Hordern (pref.). 18s 9d; Anthony Hordern (New Zealand delivery), 18s 9d and 18s 10Jd; Henry Jones, 37s 7sd; Millaquin Sugar, 27s 6d; Electrolytic Zinc, 20s 9d; David Jones, 265; Meggitts, 19s 6d; Standard Cement. 13s 7d; United Provision, 8s 4d; Tooth’s, 38s; Commonwealth Wool, 16s 9d; Winchcombe, Carson, 265; Greater J. D. Williams, 6 S 6d; Broken Hill Proprietary, 34s 9d; North Broken Hill, 84s 8d; Zinc Corporation, 31s 9d; 4 per cent. Commonwealth Bonds, 1938, £lO2 12s 6d; 1941, £lO3 6s 3d; 1944, £lO3 10s; 1947, £lO3 10s; 1950, £104; 1955. £lO3 2s fid; 1957, £lO3 10s; 1961, £lO4 ss. „ , Morning Sales. —-4 per cent. Bonds, 1938, £lO3 7b fid; 1947, £lO3 10s; 1950, £104; 1955, £lO3 ss; 1961, £lO3 16s 3d; Commercial Bank of Sydney, £l7 2s; Australian' Gas (A). £7 4s; British Tobacco, 355; Broken Hill Proprietary, 34s od. MELBOURNE, June 22. (Received June 22, at 8.30 p.m.) Sales.—Commercial Bank of Australia, 16s lid; British Tobacco, 355; Electrolytic Zinc (nref.), 31s 9d; Herald and Weekly Times, 55s 3d; Dunlop Perdriau, 18s 8d; Goldsbrough, Mort, 27s 4)d; North Broken Hill, 84s; Metropolitan Gas, £l3 3s; Mount Lyell, 22s 6d. AUSTRALIAN MARKETS (United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, June 22. (Received June 22, at 8.30 p.m.) Wheat: On sidings, 2s 6Jd per bushel for bulk. 2s 6|d for bagged, equivalent to 3s 21d and 3s lid ex trqqks, Sydney. Flour, £lO 5s per ton® Bran and pollard, £5. Potatoes: Tasmanian, £6 to £7; Victorian, £5 10s. . , ’ 1A Onions: Victorian Spanish, £5 10s; Globe, £4 10s. Oaten hay, £7 10s. Maize: Yellow and white, 4s 4d. ADELAIDE, June 22. Wheat; Growers’ lots, 2s llid to 2s Hid. Elour: Bakers’ lots, £8 12s 6d. Bran and pollard, £5 2s 6d. Oats: Algerian, lg lOd. TRADE OF THE DOMINION IMPORT AND EXPORT RETURNS. (Peb United Press Association.) WELLINGTON, June 22. The exports and imports for the Dominion for May, 1933, compared as follows with those for May of the preceding year. May, 1933. May, 1932. Exports .. .. £3,119,536 £3,116,273 Imports .. .. 1,703,887 1,688,974 For the period of five months ended in May the comparison is as follows: — 5 mths., 1933. 5 mths„ 1932. Balance. Exports £19,957,559 £19,573,409 £9,069,752 Imports 8,751,095 9,298,946 9,034,445 The balance is given in terms of New Zealand currency (excluding specie). The values recorded for exports are the declared f.o.b. values in terms of New Zealand currency, while the values recorded for imports are the current domestic values in the countries of export, plus 10 per cent. PACIFIC STARR-BOWKETT BUILDING SOCIETY A meeting of shareholders of the Pacific Starr-Bowkett Building Society, presided over by Mr A. M'Hutchon, was held on Tuesday night, when £IOOO free loan balloted for in No. 7 group. This was drawn by cluster 93, held by two local shareholders. DAIRY PRODUCE The New Zealand Loan and Mercantile Agency Company, Ltd., has received the following cabled advice from its London house, dated June 21: — . Butter, 795. Market extremely quiet during last week, , n Cheese. —White, 475; coloured, 525. Market extremely quiet. RETAIL PRICES IN LONDON The New Zealand Meat Producers’ Board has been advised by its London manager that the following retail pi ices were being quoted for New Zealand lamb and mutton retailed in London during May. 1933. These prices represent a fair average of the prices quoted by the better class shops in London for the best quality of New Zealand lamb and mutton: — New Zealand lamb — Per lb. Legs 10d Shoulders .. 9d Loins .. . * fid Necks 4d Breasts 3d Forequarters .. .. .. .. 7d Hindquarters 9d New Zealand mutton (wethers) Per lb. Logs 8d Shoulders 7d Loins 7d Necks 3d Breasts 2d AUSTRALIAN WOOL REDUCED CARRY-OVER. The total carry-over of wool in all Australian selling centres on March 31, according to Goldsborough, Mort, and Co., was 298,528 bales, compared with 407,402 bales at the corresponding date last year. At the joint conference in Melbourne last week between the Australian Wool Growers’ Council and the wool selling brokers of Australia, consideration was given to the anticipated wool clip of the 1933-34 season. It was estimated that the total clip would be 2,942,500 bales, compared with the estimate made in June, 1932, of 3,168,000 bales.

£ B. d. Broken Hill South 2 16 44 0 4 0 The following are yesterday afternoon’s buying and selling quotations. which are •abject to the usual brokerage :— BANKING. Buyer. Seller. £ s. d., £ B. d. N.S.W 31 15 0 — N.Z N.Z. (long D) 2 7 1 10 6 9 2 8 1 12 6 0 Commercial .. .. 0 16 3 u 10 6 E.S. and A 4 18 0 — Natl, of N.Z. ... 3 16 6 INSURANCE. 0 10 9 — New,Zealand .. .. 2 9 3 — South British — 0 3 9 0 Standard 2 12 — SHIPPING. Huddart, Parker ui P S. Co. (p'fef.) 1 2 1 2 3 3 — , COAL. Westport .... .. 0 12 2 — LOAN AND AGENCY. 0 Dalgety and Co. Goldsbrouch, Mort National Mortgage 1 6 I 19 6 0 9 10 National Mortgage (B issue) .. • • 1 2 0 Perpetual Trustees 2 9 6 — Wright, Stephenson 0 10 3 (ord.) .. .. •• Wright. Stephenson 0 12 6 (pref.) .. ... •• N.Z. Refrigerating 14 10 (paid) .. ..... — 0 N.Z. Refrigerating 9 (cont.) 0 s 0 O 11 South. Frozen Meat (paid) .. .. .. 2 5 0 — South. Frozen Meat (cont.) 1 2 0 — MISCELLANEOUS. British Tobacco .. -1 14 0 1 15 0 Broken Hill Propy. 1 13 0 —- Bruce Woollen 0 10 0 Bruce Woollen (pref.) .. •• 0 15 0 1 0 0 Dominion Fertiliser 0 12 3 “ Dominion Fertiliser 100 0 (debs.) 0 — Stock Exch. Propy. 1 19 0 — Electrolytic Zinc 1 11 6 (pref.) .. .. •• 0 1 u Electrolytic Zinc V . 1 0 0 Milburn Lime 1 8 3 1 9 3 Mosgiel Woollen . • 8 2 6 — M'Leod Bros. 24 0 0 — 9 Mount Lyell .. .. — 0 1 2 N.Z. Drug Co. .. 3 3 N.Z. Paper Mills 1 6 0 1 7 0 Smith and Smith -0 11 0 — Wilsons Cement .. 1 12 0 N.Z. Newspapers 1 5 3 1 8 0 BREWERIES. N.Z. Breweries .. 1 13 0 — 1 6 3 1 16 0 — MINING. r Kawarau .. .. 0 0 5 , 0 0 7 Waihi Grand Jctn. 0 3 2 0 n Mahakipawa . • . • Mahakipawa (pref.) — 0 0 0 3 Kildare 0 2 I 0 2 5 0 9 10 0 10 0 Cornish Point 0 0 2 1 Golden Progress .. —- 11 0 9 King Solomon 0 1 — Golden Point .... 0 0 1 0 0 2 Gillespie’s Beach — 0 "1 l* Waitabu .. .. •• — * 0 7 3 Big River — 0 1 5 Nofeomai Central Shotover 0 3 10 U 0 0 Hi o 4 1 I Oh Lawson’s Flat — u i 8 GOVERNMENT LOANS. 3i p.c. Ins., 19381943 .. .... 100 0 0 — 3i p.c. Ins., 1938100 0 1952 0 _ Si p.c. Ins., 1939100 0 1943 .. .... 0 —— 3J p.c. Ins., 19391952 100 0 / 0 — 3i p:c. Ins., 1941100 0 1943 .. .. 0 — 3J p.c. Ins., 1941100 0 1952 .. •• •• 0 “ 4 p.c. Bonde, Jan., 100 10 1940 0 —- 4 p.c. Bonds, Feb., 100 10 1946 .. 0 — 4 p.c. Ins., Feb., 100 10 0 1946 — 4 p.c. Ins., April, 1 049 100 10 0 4 p.c. Ins., June, 100 10 x 1955 — 0