COMMERCE AND FINANCE

Otago Daily Times, Issue 23015, 19 October 1936, Page 14

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

THE SHARE MARKET DUNEDIN STOCK EXCHANGE The outstanding featute of Saturday morning’s trading on the Dunedin Stock Exchange was the sharp rise in the price of Bank of New Zealand -shares, which were .sold on ’Change at £1 l?s 9d, a rise of 8d over the best price obtained during the preceding week. The market closed with further buyers at £1 19s 6d, but no sellers were forward. Nationals of New Zealand changed hands at £3, a further parcel offered at this figure failing to interest buyers, who would not advance, beyond &2 19s 6d. National Insurances were firm with reported business at 18s lud. Broken Hill Proprietaries changed hands late on Friday at £3 18s Cd, at which figure a further parcel was offered on ’Change, with buyers at L 3 17s 9d. The contributing shares were firm, with buyers forward at £2 19s. Electrolytic Zinc shares were again in improved demand, the preferreds attracting buyers at £2 Bs, and the ordinaries being sought at £2l 6s 6d. Mount Lyells remained firm, with business at £1 12s 6d, at which figure further buyers were forward, with sellers asking only one penny more. Gulespie’s Beach shares were unchanged, with business late on Friday at Is 6d

CHRISTCHURCH Sales on ’Change

ft Cum dividend. DIVIDENDS PAYABLE The following is a list of shares on which dividends will shortly be payable:— N.Z. Newspapers—Half-yearly. 7d a share O ct - 21 South British. InsuranceFinal, Is 4d per share, or 13 1-3 per cent, per annum Oct. 22 Argo Dredge—ld a share .. Oct. 23 United Provisions Pref., half-yearly, at 8 per cent, per annum, ord. 2 per cent. n per annum Oct. 3U N.Z. Guarantee CorporationFinal, 2d a shape, 9 13-18 per cent, per annum .. .. Oct. 3U British Tobacco (Aust.), Ltd. —Pref., quarterly at 6i per cent, per annum .. .. .. iX Imperial Chemical Industries, Ltd.—lnterim 2 k per cent., on ordinary shares .. .. Nov. 2 Martha (Waihi) Mine—lnterim of Is a share .. .. Nov. 3 NORTHERN EXCHANGES AUCKLAND

The sale of Electrolytic Zinc (ordinary) on Friday at £2 6s 9d was quoted officially in error. WELLINGTON Sales on ’Change

SYDNEY STOCK EXCHANGE (United Press Association) (By Electric Telegraph—Copyright) SYDNEY, Oct. 17. (Received Oct. 18. at 5.5 p.m.) £ x s. d.

GORE HORSE SALE The monthly horse sale of Messrs Wright, Stephenson and Co., Ltd., was held at Gore on Friday. There was a small entry, but the demand was good and competition keen. Top price of £47 was paid for a seven mare on account of Mr Maurice Windle, Riversdale. A six-year geldr ing and three-year mare on account of Mr F. N. Jones, Mataira ’ >ught £46 lOs and £4O respectively. Other sales were as follows: —Six-year gelding £32 10s. eight-year mare £36 10s, sixyear gelding £46 10s, three-year mare £4O, seven-year mare £47, 11-year mare £lO 10s, 11-year gelding £29. 10-year gelding £22, 10-year gelding £lB, four-year mare £34, aged hack £9, two-year pony £5, aged hack £2. Other offerings were passed in at the following prices;—Six-year mare £4o. aged mare £2O, six-year gelding £2l, 10-year gelding £27 10s. four-year hack £B.

Messrs J. Lindsay and Co., auctioneers, wool, skin, grain, and produce salesmen. Vogel street. Dunedin, agents for the North Otago Poultry Farmers Association, report:—Eggs: Poultry farmers. Is to Is Id; others, lid per dozen. Poultry; Hens. Is 6d to 2s 6d each: roosters. Is 6d each; turkeys. 9d per lb. live weight. Table potatoes. £5 per ton: King Edward seed potatoes ( certified). 9s per cwt. Fowl wheat 5s to 5s 6d per bushel. Sparrowbill oats, 3s 6d per bushel: Cartons. 3s 3d per bushel. Wheaten straw. £3 per ton; oaten. £3 10s. Pollard. 11s per sack. Bran. 9s per sack, Crushed barlev. 14s per sack. Californian onions, 17s 6d per bag Oat sheaf chaff. £5 per to ßabbitskins.—We held our usual CortnVhtly sale on Thursdav last before a full bench of buyers. Exporters have now practically completed their overseas orders, hhd prices showed a decline in all grades. Bucks were down from 9d to IBd per lb. but does were firm at late rates, excepting springs and outgoing.—Oct, 19. 1936.

£ s. d. SALES ON ’CHANGE 9 Bank of New Zealand .. .. 1 19 National Bank of N.Z 3 0 0 Mount Lyell 1 12 6 SALES REPORTED National Insurance (late Fri.) Broken Hill Pty. (late Fn.) 0 18 10. 3 18 6 Mount Lyell (late Fri.) ., 1 12 1 12 6 6 Gillesoie’s Beach (late Fri.} 0 1 6 The following are Saturday’s buying and selling quotations, which are subject to the usual brokerage:BANKING ;' i • • ' Buyer, • Seller. £ s. d. £ s,. d. New Zealand .. 1 "19 6 — Commercial • ■ 0 18 3 0 18 7 National, of N.Z. 2 19 6 3 0 0 INSURANCE National • • • • — 0 19 0 Standard ... .. — 3 2 0 SHIPPING P. and 0. Def. Stk. 1 12 0 — MEAT PRESERVING N.Z. Refrig, (paid) 0 19 0 0 19 10 N.Z. Refrig, (cont.) 0 9 5 o a a LOAN AND AGENCY Delgety and Co. .. 8 17 0 — Goldsbrough, 1 14 Mort _ T „ 3 National Mortgage 2 8 0 — N.Z. Guarantee Corn, - tty o 7 Perpetual Trustees — Wright, Stephenson . (pref.) .. •• ~ 4 3 .0 19 0 6 COAL Kaitangata .. 110 Westport .... WOOLLEN COMPANIES 6 Bruce (ord.) .. . — 0 14 0 6 Kaiapoi (cont.) .. 6 Kaiapoi (pref.) ..• — 0 19 MISCELLANEOUS 4 17 ' 0 Australian Glass 4 15 3 Broken Hill Pty. 8 17 J 3 18 6 Broken Hill Pty. (cont.) .. •• 2 19 0 Brown, Ewing (ord.) .... 0 17 0 Brown, Ewing (pref.) .... 123 Consolidated Brick 0 9 10 — Crystal Ice .... 2 5 o D.I.C. (ord.) ,. 0 15 6 — Dominion Fer- i '. 0 tiliser ’• .. „ X o Donaghy’s * Rope 2 11 0 Dun.-Kaikorai Trams, •• — 2 0 Dunlop Perd. ' v „ Rubber .. 0 17 g 0 18 3 Hume Pipe .. .. 0 19 2 0 Milburn Lime .. . 77 . „ 2 3 * National Electric 0 14 10 . 0 15 6 0 0 6 . gfffipass n. n Regent Theatre .. . — _ it Woolworths (ord.) 0 4b 0 * • breweries G N.Z. Breweries .. 2 10 0 2 12 Dunedin ,.. •• J 9 I) 1 10 0 Tooths 2 10 u AUSTRALIAN MINING Electro) Zinc (pref.) 2 8 0 ~z Electro. Zinc (ord.) 2 6 6 2 7 Mount Lyell .. 1 12 b 1 12 0 14 0 3 7 Mount Morgan .. 0 14 1 Upper Watut .. 0 2 0 MINING - Big River .. ..gig 0 2 i Clutha River . . 0 2 0 0 4 Gillespie’s Beach gig 0 1 6 Golden Progress 0 0 5 Lawson’s Flat 0 1 0 0 Mossy Creek .. 0 14 0 Nokomai .. • • ~ „ 0 4 Okarito .... 0 3 6 Waimumu Sluic•Waipapa’ Beach . . 0 0 7i Waitahu .. ... 0 1 « 0 0 10 0 0 10 0 2 2

GOVERNMENT LOANS 3i p.c. Stock, Nov., 1938-52 .. 104 0 0 _ 3i p.c. Stock, Mar,, 1939-43 .. 101 10 0 ■ 3 J p.c. Stock, Sep., 1939-43 .. 101 10 0 3J p.c. Stock, May, 1939-52 .. 104 0 0 3i p.c. Stock, Mar., 1941-43 .. 101 10 0 3J p.c. Stock, Sep,, 1941-43 .. 101 10 0 o— 3i p.c. Stock, May, 1941-52 .. 103 10 0 3i p.c. Stock, Nov., 1941-52 .. 103 10 0 . 4 p.c. Stock. 193740 f 100 0 6 101 0 0 4 p.c. Bonds, 194346 104 0 0 i— • 4 p.c. Stock, 194346 104 9 0 105 5 0 4 p.c. Bonds, 194649 103 5 0 14 p.c. Bonds, 194649 103 5 0 _ 4 p.c. Bonds, 195255 105 5 0 4 p.c. Stock, 195255 105 5 0

Sales on ’Change £ s. d. Stock, 1937-40, 4 per cent. .. 100 10 0 Kauri Timber I 4 6 Electrolytic Zinc .. .. .. 2 6 0 (pref.) 2 8 6 Mort’s Dock 0 11 9 Unlisted Stocks Northern Investment ., .. / o 5 9 Selfridges (new) 1 14 3

N.Z. Newspapers (late Fri.) 1 19 6 Waihi Investments (late Fri.)- • 0 9 ((late Fri.) 0 9 b Zinc Corn, (late Fri.) Mount Morgan (late Fri.).. 4 19 9 0 14 21 Union Steam (pref.) .. .. 1 6 3 Consol. Brick 0 10 0 British Tobacco (2) .. .. 2 6 0 Broken Hill Pty 3 18 9 3 18 9 Woolworths (N.Z.; 2) .. .. 6 5 R A 0 n Unlisted Stocks Woolworths (Sydney) .. .. 5 17 0 5 17 9

N.Z. Govt. 4 p.c, laser. 1937 (2) .. .; 100 15 0 N.Z. Guar. Corp, (cum div.: 2) 0 5 6 Kaiapoi Woollen (17s pd.) 0 14 6 Australian Glass .. .. . . 4 15 0 Consolidated Brick 0 10 1 Electrolytic Zinc (pref.) .. 2 8 6 General Industries 0 19 3 G, J. Coles (rights) .. .. 1 14 9 Hume Pipe (Aust.) .. .. 0 19 4 Woolworths (N.Z.; ord.) .. 6 4 0 Alexander Mines (15s pd.) 0 16 0 Golden Point 0 0 1 Mount Lyell (3) 1 12 8 Rawang Tin 0 9 2% Sales Reported N.Z. Govt. 4 per cent. Ins., 1849 104 10 0 Broken Hill Pty. (rights to Wellington Alluvials) .. 0 2 6 Electrolytic Zinc (ord.; late Fri.) 2 7 1 Gillespie’s Beach 0 1 6 Mount Lyell (late Fri.) .. 1 12 7 Unlisted Stocks Selfridgos (Australasia, old, late sale Friday) 1 14 3 Woolworths (Sydney: ord.) 5 18 3

Commonwealth bonds— 3 p.c., 1938 .. ..' .. 91 0 0 4 p.c., 1938 .. .. .. 102 10 0 4 p.c., 1941 102 10 0 4 p.c., 1944 101 10 0 4 p.c., 1953 ...... .. 102 12 6 4 p.c., 1981 100 17 6 Comm. Bank of Sydney 20 5 0 Bank of New South Wales 34 15 0 Australian Gas (A) 7 6 0 Tooths 2 17 0 Anthony Hordern .. .. 0 18 9 British Tobacco .. .. 2 7 3 General Industries 0 19 4i Goldsbrough, Mort 1 14 6 Howard Smith .. .. 0 18 m