COMMERCE AND FINANCE

Otago Daily Times, Issue 22368, 15 September 1934, Page 8

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK; EXCHANGE BUSINESS OF THE WEEK. The following is a list of the business recorded on- the Dunedin Stock Exchange during tlje past .weeks*-? - j. , ;f, B. d.

Tlu) past week’s transactions on the Dunedin Stock Exchange reached a jiormal volume, and there has been a tendency in many stocks to firm. Bank of New.Zealands were cold at £2 7s (id. £2 7s 7d, and £2 Bs, the market closing with a buyer at the lastmentioned figure and a seller at £2 8s 6d. Commercials were turned over at 17s fid, two sales taking place. They are Do" on the market at 17s 9d. Business was done in Standard Insurance, at £3 7s, representing a rise of Is on recent offers. They are now wanted at the same price. In the loan nad agency section Goldsbrough, Morts were turned over, at £1 10s Bd, and the shares can now be bought for 2d more. Baid-up New Zealand Kefrigeratings were sold at 19s sd, and the contributing issue had business at 9s OJd and 9s. The closing offer for the former eh ares was 19s 3d, and the other issue was wanted at 9s 3d, with a seller" at 9s sd.

Tim preferred Southland Frozens were turned over at £3 12s, and are still being asked for at Is. less. Ordinary Bruce Woollens were sold at 13s 3d, and there is now an unsupplied buyer forward at the same price. The market for Dominion Rubbers was •gain a little firmer, business being done at £1 10s. The final offer for these shares was £1 9 a 9d. A considerable rise was recorded jp the market for the Sydney issue of Woolworths. Three parcels changed hands early in the period at £3, two were sold at £3" 10s 6d," and the market then rose to £3 I2s 6d, at which figure further business was done. Before the close of the market two more sales were reported —one at £3 14s and another at £3 14fl 6d. The closing offer of £3 14s touud Sellers firm at £3 15s 6d. . There was a strong inquiry for New’ Zealand Breweries .during the week, and eight parcels were turned over at £2 7s 6d, and;ffirthev. business .wasdone, at £2 7s 7(11,A - buyer' offered:'£2'-7s 5d at the close of the market, but no seller responded. „ The contributing issue of Timaru Breweries had a sale at 7s Id. In the . mining: section Nbkduiajs and’ Okarittu? improved, but Bell-Kilgpurs eased'to 2Ad, at which price two sales were recorded. King Solomons were turned over at 4s 3d, and tberg was business in Nokoniaia at 4s apd 4s Id. These art! now wanted at 4s, ‘with sellers asking 4s 3d. i Okaritos-v r ere. sold at 8s 4d, but the offer rose to 8s 6d at the dose of ’ the market, with sellers asking another Respite a continued demand for Government Loans, no seller came into the market. -

The following are yesterday afternoon’s buying and selling' quotations, which are subject to the usual brokerage:—

LOCAL AND OVERSEAS MARKETS

DIVIDENDS PAYABLE. The following, is a list of shares on which dividends will shortly be pay* able:— King Solomon, 3d Sept. 15 • Broken Hill South, , Is 6d Sept. 15 North Broken Hill,.'final, Is 6d Sept. 28 Bank of Australasia, interim, 3 S dd >• Sept, 28 British Tobacco, interim, .7 1-Sd Sept. 29 Smith and Smith (pref.), 6d oct - 31 NORTHERN EXCHANGES ; (Peb United Pbess association.) . The following business was done 'Changes yesterday:— Auckland. —Sales: Stock —1940 4 per cent., £IOB ss; Gisborne Sheepfarmers. 1941 6i per cent., £100; Commercial Bank of Australia, 17s 8d; Bank of New South Wales, £32; Bank of New Zealand, 48s Id: ditto. (D, pref.). 34s 6d; Reserve Rank, £0 9s 3d; Rational Insurance, 20s Sd; National Timber, 13s fld: Taupo Totarn, 6s lOJd; New Zealand Breweries, 47s 6d; British Tobacco, 38s 9d; Bycroft, Ltd., 53s 6d; Gear Meat, 275; Farmers’ Fertiliser, 20s (2 parcels); New’ Zealand Refrigerating (paid), 19s Sanford, 2s 3d: Wilsons Cement,3os 3d: Woolworths (Sydney, new pref.), 27s 3s; Beath and Co., 31s lOd; Big River, Is Ud, Is 2d; Maerewhenua. sd; Nokomai, 4s’ Talisman, 12s 4d; Waihi, 32s 9d; Waibi Junction, 4e 4d; Bioken Hill Proprietary, 50s, 50s 6d.—Unofficial list: Silkniti 31s; Woolworths (Sydney; ord.), ?3s. Wellington.—Sales: Inscribed Stock—--4 per cent., 1940, £108; National Bank o| New- Zealand, 75s 3d: Bank of New Zealand, 48s (2 parcels; late Thursday), 48s: Union Bank. 39s lid; N.Z. Guarantee Corporation, 4s 9cl (late Thursday), 4s Ud; Electrolytic Zinc (pref.), 35s 4d; Mount Lyell, 20s 3d; Waihi Grand Junction, 4s 4id; King Solomon, 4p 3d; Nokomai, 4s. , , Christchurch.—Sales: New Zealand Government 4 per cent. Bonds, 1940, £lO9 2s 6d; Commercial Bank of Australia, 17a 8d (3 parcels), 17s 6d; Bank of New Zealand, 48s 2d (4 parcels); Reserve Bank of New Zealand, 69s (4 parcels); National Insurance, 20s 2d; New Zealand Guarantee Corporation. 5s (4 parcels) ; New Zealand Refrigerating (£1 paid). 19s 6d (3 parcels); New Zealand Refrigerating (10s paid), 9s 4d; Kaiapoi Woollen (17s paid, cum cliv,), 12s Ud; New’ Zealand Breweries, 47s 6d; Anthony Hordern, 15s Id; British Tobacco, 38a 9d; Big River, la 6d: Brian Bom, Is 4)d (5 parcels), Is 5d (2 parcels); Goldfields Dredging, le Id (3 parcels); Maerewhenua, sjd (4 . parcels); Mahakipawa, lOifi (3 parcels); Nevis Diesel Electric, , r )sd; Waihi Grand Junction, 4s 4d.— Sales reported: Commercial Bank, 17s 6d, 17s 7d, 17s 9d, 17s 7d, 17s 9d (2 parcels) Reserve Bank of New Zealand, £6 9s 3d (3 parcels); National Insurance, 20s 3d; New Zealand Refrigerating (10s paid), 9p sd; Tooths Brew'cr.v, 475: British Tobacco (cum div.), 395; Maerewhenua, s id; Nokomai. 4s; Bank of New South Wales, £32 2s 6d; New Zealand Refrigerating. 9s sd; Commercial Bank of Anst., 17s 9d. —Uunlisted stock; Argo Gold Dredging (3d paid), 4ld; Golden Gully (9d paid), 9d; Woolworths (Sydney; ord.), 73s 6d, 745, 74s 3d, 74s Od (5 parcels).

ADELAIDE STEAMSHIP COMPANY Profit ami loss account of Adelaide Steamship Company for the year ended June 30 shows net results of £139,489, compared with £116,243 the previous vear. With £463 brought forward. £139,952 was available. Dividend of 6 per cent. (21 interim and 31 final), as against 5 the previous year, accounts for £139,508, and HU is carried forward.

WILTON COLLIERIES RECONSTRUCTION OF- COMPANY. (Special to Daily Times.) ’ AUCKLAND, September 14. The reconstruction of the Wilton Collieries, Ltd., as a new public company is now in progress. The shareholders in the old company have lost the whole of their capital, shown in last year s balance sheet at £93,926. The assets of the company passed recently into the hands of the .debenture holders. They have since been purchased by a syndicate, including previous large shareholders, It is stated that the business will be continued under the same name. . .The Wilton Collieries, Ltd., commenced operations in the Waikato coal trade in 1929, a loss of £1832 being shown for the year ended June 30, 1930, In the following two years further losses of £ll9O and £6589 , respectively were incurred. A profit of £3168 was shown for the year ended June 30, 1933, the debit balance in the profit and loss appropriation account being reduced to £6443. The last accounts show paid, capital at £93,326 and debentures £17,450. The liability to the bank was £13,663 and the deposits and sundry creditors £20,198. In the assets the minirig property was valued at £21,207, and other fixed and floating assets at £107>302. The preliminary expenses (£9686) and accumulated losses (£0443) were also shown. BRADFORD MARKET - ' (United Press Association.) , (By .Electric Telegraph—Copyright.) LONDON. September 13. At 'Bradford ■ business is restricted, awaiting the London opening. Quotations: Seventies, 28d; sixty-foure, 2nd; sixties, 24d; fifty-sixes, 20d; fifties, Isd; forty-sixes, lid; forties, lOd.

Bank of }a,Z, 2: . 7 6 2 It 7 2 8 Ch Commercial Bank’ (two) . 0 17 8 Standard Insurance.t .. : 3 7 0 Westport Coal (two). . .. ■ 0; 19 0 Goldsbrough,.. ;Mor.t; v.v. .. / N-.Z. Refrigerating: . (said) -• K.Z. Refrigerating; ; (eont.) : 1 10 ■; 8. ■ 0 19 .0 9 5 . 0J. 0 .9i 0 South, frozen . Meat ; (prefO 3 12 .0 Bruce Woollen (brdv) 0 13 3 D.I.C. (prefj ... - ,11 5 0 Dominion,-Fertiliser, 0 3 Dominion: Rubber •.. .... ... ; 1 10 0 Woohvorths' (Sydney), three 3.10 0 ■ two 3 10 6 3 12 0 l ; ; - : •' ' 3 14 0 3 14: e K.Z, Breweries (eight) .. .. 2 0 :'7 ' 7 6 7 Timaru Brewery b 7 1 Bell-Kilgour (two) 0 0 2i Gillespie’s , Beach (two) .. 0 1 10 0 1 10* - ' V V - ■ ; . 0 1 9 Goldfields Dredging ■ • • • 0 1 0 two 0 1 oi King Solomon .. .. .. 0 .,4 3 MahakipaAva ■.. r. ... • «. • • 0 0 4 11 Kokomai' .. ,. 0 0 0 ■4I Okavito ... .. ... .. .v 0 •8 4 Sandhills 0 0 CJ 0 0 (5 Skippers .. 0 0 7i

SALES ON CHANGE., £ e. d. Bell-Kilgour, two .. . • •• P 0 ■ SALES REPORTED. Commercial Bank ® 8 Wpohvorths (Sydney) .. .. o 0 Wpohvorths (Sydney) ... .. 3 14 6 N.J2. Breweries, two ,. .. 2 7 6

• BANKING. Buyer. Seller. £ 8. d. : £ 8. d. A’fUia N.S.W 11 13 31 15 0 0 6 New Zealand .. : .'v 2 8 0 2 8 N.{5. (Long D). .. 1 14 3 0 , 9 Corauiercial .. .. — 6 IT Nat. of N.Z 3 13 3 16 0 Reserve 6 8 9 6 9 3 Union • 9 9 0 — INSURANCE. National 1 0 0 1 0 4' New Zealand .. .. 3 5 0 — Standard 3- 7 0 — * SHIPPING. Huddart, Parker 14 (ord.) .. .. .. — 1 0 Huddart, Parker , 1 8 1 6 (pre’f.).’.’ 0 , 9 —* COAL. Kaitangata .. .. 1 1 0 19 Westport .. .. . • ■ 0 19 0 0 3 LOAN AND AGENCY. Goldsbrough, Mort National Mortgage National Mortgage — 1 10 10 3 1 0 IB Issue) .. .. — 9 1 12 0 N.Z. Guar. Corp... 0 4 Perpetual Trustees 3 0 0 — Wright, Stephenson 18 6 (ord.) .. .. .. — 0

MEAT PRESERVING Buyer. Seller. £ 8. d. £ s.d. Canterbury Meat (pref.) .. .... 5 12 0 — N.Z. Refrig. (pd.) 0 19 3 — N.Z. Refrig, (rent.) 0 9 3 0 9 S South. Froz. Meat (paid) 2 11 0 — South. Froz. Meat :{cont.) .. .. .. 1 15 0 — South. Froz. Meat (pr.ef.) 3 11 0 — South Otago Ireez. 6 3 0 — MISCELLANEOUS. Associated News .. 1 3 9 — British Tobacco .. 1 18 0 — Broken Hill Propy. 2, 9 9 — Brown, Ewing (ord.) .. .... — 1 0 2 Brown. Ewing (pref.) 1 1 0 — Bruce Woollen (ord.) 0 13 3 — Bruce Woollen (pref.) 1 1 0 —* Crystal Ice .. .. 1 17 0 2 2 0 D.I.C. (pref.) .. .. 1 5 . 0 — Dbmiuioh Fertiliser 1 0 0 —• Dominion Fertiliser (Debs.) 102 10 0 , Dominion Rubber.. • 1 9 9 —* Dunedin-Kaikorai Trams .... .. 1 17 0 — Stock Exchange Proprietary 2 0 0 — Electrolytic-Zinc (ord.), .. .. .. 1 6 9 Milburn Lime .... 1 17 0 —- Mount Lyell .. .. 1 0 0 — National Electric.. o 7 9 0 8 9 N.Z. Drug Go. .. 3 18 6 • — N.Z .Newspapers •.. . 1 12 0 —i N;Z. Paper Mills .. i: 11 C •— Regent; Theatre . 'i . r-t 0 19 6 Whitcombe and Tomb® .... .. 3 15 0 —i Wilsons Cement .. 1 10 0 -— Woolworths (Sydney) .... .. 3 14 0 3 15 6 Woolworths (ord.) 7 10 0 -— Sun Newspapers .. — 0 4 2 BREWERIES. N.Z. Breweries .. 2 7 5 — Dunedin .. .. .. 1 8 0 1 10 0 Tooth’s 2 5 6 — MINING. Aotearoa — 0 1 0 Bell-Hooper .. .. 0 0 4 0 0 6 Bell-Kilgour .. .. 0 0 2\ 0 0 4 Bendigo Goldlight 0 0 11 0 1 ,0i Big River ; 0 1 3 0 1 6 Blackwater ' .. ... 1 12 6 — Centra] ShotoverV. ■—• 0 0 10 Gillespie’s Beach .. 0 1 9 0 1 10 Golconda - Holdings — 0 1 8 Golden Point .. .. 0 0 2 0 0 4 Golden Progress .. 0 1 0 0 I Goldfields Dredging 0 0 ni 0 1 0) Glenroy 0 1 2 —- Kildare 0 1 10 —, King Solomon .. —!- • 0 , 4 4 Mahakipawa .. •.. 0 0 9i 0 o 1x4 Mataki .. .... 0 2 8 Mining House Cone. — 0, 0 Moonlight-Nelson Creek — 0 0 5 Mount Morgan .. 1 14 6 — Nevis Diesel .0 0 5 0 0 6 Nokoraai , .... .. 0 4' 0 0 * 4 3 Okarito 0 8 6 0 8 9 Sandhills .. .. •• o. 0 5 ■ Skippers 0 0 7 — Stafford • — 0 1 4>J Upper Shotover .. — 0 1 0 Waihi Grand; Jctn. 0 4 I — Wethcrstbnes .. .. 0 0 9 . 0 1 2 GOVERNMENT LOANS. 34 p.e. Stock, 19381943 108 0 0 — 31 p.c. Stock, 1939f: ■ 1943 ..... 108 0 0 — 31 p.c. Stock, 19411943 108 0 0 — 31 p.c. Stock, 19381952 ., .... •• 108 0 0 — ,31 p3&! Stock,, 1939- ■! 195? ; . 108 0 o .rr 31 p.c. Stock, 19411952 108 0 0 ■— 4 p.c. .Bonds, Jan. 15, 1940 107 15 0 — 4 p.c. Stock, Jan. 15, 1940 107 15 0 — 4 p.c. Bonds, Feb. '15, 1946 107 15 0 — 4 p.c. Stock, Feb. 15. 1946 .. .. .. 107 15 0 — 4 p.c.’Bonds; April .15, 1949 . ■ 109 5 0 _ 4 p.c. Stocky April 15, 3949 109 5 0 _ 4 p.c. Bonds, June 15, 1955 .. .. .. 110 0 0 — 4 p.c. Stock, June '15, 1955 iio 0 0 — .