COMMERCE AND FINANCE

Otago Daily Times, Issue 22422, 17 November 1934, Page 8

COMMERCE AND FINANCE

THE SHARE MARKET SUNEDIN STOCK EXCHANGE The following is a list of the business transacted on the Dunedin Stock Exchange during the past week: —

A fair volume of business was trans-. acted on the Dunedin Stock Exchange during'the past week, and the demand for good investment securities remained fiT ßank of-New Zealands were in good demand at £2 9s 6d, but sellers required threepence above this figure. Business was done in Reserve Banks at £6 12s yd, £6 12s 3d, and'£6 12s, the market closing with a seller - asking £6 12s 3d, .and no buyers forward. . .... There was a alight easing in the inquiry for National Insurances, buyers best offer being £1 Is sd, while sellers required £1 Is lid. A transaction took place earlier in the week at £1 ls ,9d. New Zealand Insurances were inquired for at. £3 9s 6d,.but sellers were not interested. A sale at £3 10s 6d was, reported a few days earlier! South British Insurances were disposed of at £4 12s, the market closing with a buyer offering £4 11s 9d, and no sellers quoting. Kaitangata Coals were offered for sale at £1 Is TOd, but buyers did nofrespond. Westports. were dealt-in at,l9s 9d, the closing buying 'offer .remaining at the lame figure, while sellers ■ asked £1 os_3d. Buyers of New Zealand Guarantee Corporations were to giye ; 5a sa, but sellers were reticent. . Parcels of paid-up. New Zealand Refrigeratings were disposed of at £1 Os 6d and £1 Os sd, the closing buying- and selling quotations being £1 Os 3d ; and £1 Os 7d respectively. The contributing issue was also the subject of business at 10s, buyers offering the- same figure at the last call, while sellers required twopence There was a slightly easier demand lor Dominion Fertilisers, which were inquired for at fl Os 9d. Sellers required £1 1* 6d. Mount Lyells eased noticeably, the best buying offer when the market closed, being 17s 6d. No sellers came forward. Kaiapoi Woollen ' ordinary shares were disposed of at prices ranging from 15s 6d to 16s, the final selling quotation of 16a 3d failing to attract buyers. Five parcel* of New Zealand Paper Mills were disposed of afe £3, 14s 9d, , the market closing..with buyers, offering £1 14s 3d and sellers asking £1 15s. Wilsons Cements were dealt in at f 1 14s 6d and £1 T4s 7d, cum dividend, a closing selling quotation of £T 14s 9d receiving no further response. -- _ Parcels, of New Zealand Breweries found buyers at £2 10a and £2 9s 6d* the final buying and selling quotations being £2 fls 3d and £2 10s respectively. One sale of Bell-Hoopers at 4«d and 12 at 5d were recorded during the period, the final quotationg being 4Jd (buyers) and 5d (sellers). Bendigo Goldhghts were also the subject of business at lp2d, the closing buying and selling quotations showing a. margin of 2d either way -on that figure. Big Rivers were offered for sale at Is 74d, but buyers stood .firm at Is 6d. Buyers of Gillespie’s Beach shares were, prepared to give Is 7d, but sellers would not take less than Is 84a. Wsihis 'were inquired for at £1 17s 9d, but sellers were not interested. SALES ON 'CHANGE

LOCAL AND OVERSEAS MARKETS

NORTHERN EXCHANGES (Per United Press Association) The following business was done on ’Changes yesterday:— Auckland. —Sales: Stock (1939-43), S' i per cent., £108; ditto (1940), 4 per cent., £lO3 15s; Putaruru Town Board (1942), 5J per cent., £9B; Gisborne Sheep Farmers (1941), 6J per cent., £101; Bank of New Zealand, 49s 9d; Reserve Bank, £6 12s 3d, £6 12s 6d; New Zealand Insurance, 70s; Auckland Gas, 27s lOd (2); P. and 0. (def.), 21s 3d; Westport Coal, 19s 7d; Australian Glass, 60s; British Tobacco, 41s 6d; Colonial Sugar, £74 7s 6d; New Zealand Newspapers, 33s 6d; Bell-Hooper, 5d (3); Golconda, sd; Goldfields Dredging, 10|d; Okarito, 8s 9d; Waihi, 38s 3d; Rawang Tin, 7s 6d. Unofficial list; Auckland Farmers’ Freezing (£5 paid), 100 s; ditto (£1 paid), 20s; Woolworths (Sydney), 755. Wellington.—Sales; National Bank of New Zealand. 72s 6d: Reserve Bank, £6 12s 3d; Kaiapoi Woollen, 16s; Bruce Woollen, 13b 3d; Kauri Timber, 18s 104 d, 19s; Brian Boru. lOJd: Nevis Diesel, 4jd. • Unofficial; Woolworths (West Aust.), £5 Ss (late Thursday). Christchurch. —Sales: Commercial Bank of Australia, 15s 8d; National Bank of Australasia (£5 paid, cum div.), £8 4s 6d; New Zealand Refrigerating (10s paid), 10s Id: Westport Coal (cum div,), 19s 9d (3), 19s 10d; Timaru Brewery (7s 6d paid), 7s 9d (5). 7s lid; Australian Glass (cum div.), 565, 55s 6d; British Tobacco, 41s Sd, 41s 4d (2), 41s 3d (2). 41s 4d; Electrolytic Zinc (pref.), 34s 9d (2) Electrolytic Zinc (ord.), 24s 4d; New Zealand Farmers’ Co-op. (44 per cent, stock, 1940), £B7; Woolworths (New Zealand, pref.), 40s 6d; Bell-Hooper, 44d; Brian Born, 94d; Gillespie’s Beach, Is 8d; Golden Sands, 2s 84d; Goldfields Dredging, lOjd; Maerewhenua, 44d; Mahakipawa, 9jd: Mount Lyell. 17s 6d (5); Nokomai, 3s 4d; Waihi Grand Junction, 4s 7d; Worksop Extended, 3s 3d (3) Sales reported: British Tobacco, 41s 5d (2), 41s 6d; Nevis Diesel Electric, 4«d; Rawang Tin, 7s sd. Unlisted stocks; Argo Gold (74d paid). Is Id !3).

BANK OF ENGLAND RETURN (United Press Association.) (By Electric -Telegraph—Copyright.) LONDON, November 15. The following is the Bank of England return: — ISSUE DEPARTMENT.

The proportion of reserves to liabilities is 47.40 per cent. Short loans are quoted at S per cent.; three months bills at 13-32 per cent. BUSIER FACTORIES During the last 12 months there has been a large increase in the number of hands employed in factories in NewSouth Wales. The Minister of Labour, Mr J. Dunninghnm, stated recently that 200 factories in the Sydney metropolitan area now employed 62,284 persons, compared with. 37,749 when the present Government took office two years and a-half ago. . '

£ 6 s. 12 d. 6 0 12 3 12 0 Bank of New Zealand .. .. 2 1 9 1 7 9 3 10 3 South British Insurance .. 4 12 0 16 0 6 0 19 9 N.Z. Refrigerating (paid), 1 0 5 N.Z. Refrigerating (cent.), 010 0 N.Z. Refrigerating (cont.) .. O'10 .19 1 6 0 0 Kaiapoi Woollen (ord.) .. .. Kaiapoi Woollen (ord.) .. .. Kaiapoi Woollen (ord.) ... N.Z. Paper Mills, five ... .. 0 15 0 15 0 16 1 14 4 1 6 8 0 9 0 2 2 6 +n i4 tfl 14 3 15 104 0 2 10 6 7 Woolworths (Sydney) .. .. Rural Credit Bonds .. .. v - 0 0 0 N.Z. Breweries, two .: .. .. Bell-Kilgour .. .. •• Bell-Hooper Bell-Hooper, twelve .. .. .. Bendigo Goldlight .. .... Golden Sands .. • •’ •« Kildare .. . . .. . . • • • • Charleston,, two ..• .. .. 2 0 0 • 0 0 0 0 0 0 9 6 0 2 0 4J 0 5 0 10| 2 8 2 3 0 6 0 7 Mining House Concessions .. Mining House Concessions .. 0 0 0 0 0 0 2i 2 7 0 0 Waihi 1 17 9 Waihi .. •• »• 1 18 2,

; • : £ 8. d. Mining House Concessions .. 0 0 2 Charleston (two) 0 O' 0 0 6 •/ SALES REPORTED. - Miibhrn Lime (late Thursday) 2 2 6 Bank of New Zealand .. » • 2 9 •7 N.Z. Refrigerating (cont.) .. 0 10 0 10 0 1 Kaianoi Woollen (ord.) • • . 0 10 0 Moagie! Woollen .. .. **11 0 0 2 0 8 Nevis Diesel .. The following arc 0 0 42 yesterday afternoon’s buying and -selling quotations, which are subject to the usual brokerage BANKING. Buyer. Seller. £ b. d. f 8. d. New Zealand 2 9 6 2 9 9 N.Z. (long D) .. — 1 14 0 Commercial .. .. — 0 16 0 National of N.Z. .. » H 0 — S Reserve .. . • — 6 12 INSURANCE. National .. .. 116 1 1 11 New Zealand 3 9 0 — South British 4 11 9 — Standard .. .. 3 10 3 — SHIPPING. Hnddart, Parker (ord.) .. . . 1 10 0 — Huddart, Parker (pref.). .. .. — 1 10 6 P, and, 0. Def. Stock .. . — 1 2 0 U.S.S. Co. (pref.) 17 6

COAL. . Buyer. Seller. i 8. d. £i 8. d. Kaitangata .. .. Westport .. •. 0 19 9 1 1 1 0 10 3 Westport-Stockton... (ord.) • 0 3 0 LOAN AND AGENCY Dalgety and Co. Goldsbrough, Mort — ,9. 5 111 0 6 National Mortgage — •3 1 0 National Mortgage 1 10 (B issue) ... 0 — N.Z. Loan and M. 2 9 (ord.) .. ... — 0 N.Z. Guarantee Corp. .. .. Perpetual Trustees 0 5 5 —- 3 1 0 — Wright, Stephenson 0 17 (ord.) .. .. 6 —* Wright, Stephenson V : (pref.) 1 0 0 — MEAT PRESERVING. Canterbury Meat 5 14 N.2k Refrigerating o (paid) .. N.Z. Refrigerating 1 0 3 1 0 7 (cont.) .. .. 0 10 0 0 10 2 South. Frozen Meat 3 18 (paid) .. .. 3 15 G 0 South. Frozen Meat 1 17 (cont.) .. .. 6 2 0 0 South Otago Freez. ... 6 4 0 — v- : MISCELLANEOUS. Associated News .. 15 0 ■ 9 British Tobacco .. ,-rv — 2 1 Brown, Ewing. 0 18 '.(ord.) .. 0 , Brown, Ewing ,1 • 1 (pref.) .. °( — ; Bruce Woollen Difc ef (pref.)‘ ‘ 1 1 0 1 7 6 Dominion Fertiliser 10 9 1 1 6 Dominion' Fertiliser L (debs.): 100 0 •o — Dominion Riibber — 1 10 0 Electrolytic Zinc v : 1 15 0 (pref;)- vVr-'.v, Electrolytic Zinovy (ord.) — 1 6 0 KaiapOi Woollen 0 10 (ord.) . i . — 3 Milburn Linie ’.Jv* 2 3 0 — Mount Lyell . r 0 17 6 — National Electric * N 0 8 0 — N.Z. Drug Co. .v : 4 0 0 — N.Z. Paper Mills .. 1 14 3 ‘ 1 16 0 Regent Theatre . . Wilsons, Cement <. r ; .’• ■ ’ —r 0 19 6 ,■;! 1 14 9 Wool worths 3 15 9 (Sydney .. Woolworths (ord.) 8 0 0 ■.; » — Sun News ’; v , 0 : 4 0 BREWERIES N.Z. Breweries .. ■ 2.9 "3 -y 2 10 0 Staples ■.<•. .. 1 11 0 Dunedin ;v ... .. r .,8 9 1 10 0 Timaru .. 2i • .a ;• 7 S — GAS. ' Auckland 1 7 9 Wellington .. .. 2 1 . 0 —■* Christchurch (cont.) .. .. - 0 16 9 OIL. Moturoa .. .. 0 4 0 Motutoa (pref.) .. — 0 6 0 ; : mining. ;. '■ Bell-Hooper .. .. 0 0 4i 0 0 5 Bell-Kilgour .. .. 0 0 15 0 0 n Bendigo Goldlight 0.-.-.0 10i 0 0 ii Big -RiVer ’ . ■■■.. 0 1 6 0 1 7* Charleston 0 0 6 0 0 . 8 Gillespie’s Beach .. 0' 1 T 7" 0 1 H Goldfields Dredging ■ 0 0 li King Solomon 0 3 6 ■ — Maerewhenua — 0 0 5 Mataki .. .... — 0 2 10 Mining House 24 Concessions 0 0 Molyneux. River .. — 0 2 3 Moonlight-Nelson . Creek • 0 0 24 Mount David 0 0 10 r Nevis Diesel 0 0 44 Nokomai .. .. 0 3 4 0 3 7 Okarito .. .. 0 8 11 0 S 4 Waihi 1 17 9 — Waitahu .. .. ~- • 0 3 10 GOVERNMENT LOANS. 3J p.c. Stock; 19381943 .. .. .. 107 0 0 — ; SJ p.c. Stock, 19391943 ... .. .. 107 0 0 — .7: Si p.c. Stock, 19411943 .... .. 107 0 •0 — 3J p.c. Stock, 1938108 0 1952 .. .. .. 0 — 34 p.c." Stock, 193p108 0 1952 .. .... 0 ■—. SJ p.c. Stock, 19411952 .. 108 0 0 — 4 p.c. Bonds, Jan. 15, 1940 .. .. — 104 10 0 4 p.c. Stock, Jan. 15, 1940 .. .. ‘ ; •— , 104 10 0 4 p.c. Stock, Feb. 15, 1946 .. .. — 109 0 0 4 p.c. Stock, April 15. 1949 .. .. • • , . 109 0 0 4 p.c. Bonds, June 15, 1955 .. 112 0 0 — 4 p.c. Stock, June 15, 1955 .. .. 112 . 0 0 113 5 0 **.Ex i dividend. DIVIDENDS PAYABLE. The following is i a list of shares on which didivends will shortly be payable: — National. Insurance, final, 5d s ..- Nov, 19 Broken Hill Proprietary, halfyear Is (Aust. currency) .. Nov. 21 Westport Coal, final, 6d .. Nov. 26 National Bank of Aust. (paid), interim, 5s Nov. 28 National Bank of Aust. (cont.), interim, 2s 6d .. Nov. , 28 Dalgety, final, 2a 6d .. Nov. , 28 Wilsons Cement, interim. 74d Nov, , 28 E.S. and A, Bank, final, 4s 6d Nov, — Australian Glass (pref.). 10 4-5d Dec. . 1 Australian Glass (ord.), interim. Is Dec, , 1 North Broken Hill, Is 6d .. Dec. , 12 Broken Hill South, Is 6d, payable Melbourne Dec . 15

Note issue in circulation .. Banking department .... . • £378,875,640 73,174,690 £452,050,330 Government debt ? ... Other Government securities Other securities .. .. .. .. £11,016,100 245,890,145 109,999 2,894,756 Gold coin and bullion .. .. 192,050,330 £452,050,330 BANKING DEPARTMENT. Proprietors’ capital £14,553,000 3,205,655 20,930,142 Other deposits (bankers) .. Other accounts .. .... .. Seven-day and other bills .. 97,876,448 36,764,713 5,040 £173,334,998 Government securities .. .. Discount advances .. .. .. Securities ,. .. . * .. . • • • £79,061*413 9,633,589 10,887,298 73,174,690 588,008 £173,334.998