FINANCE AND COMMERCE

Taranaki Daily News, 5 July 1930, Page 7

FINANCE AND COMMERCE

SHAREMARKET TRANSACTIONS. Christchurch, July 4. —Sales on Exchange: Australian Bank of Commerce, 23s 3d, 23s 2d (4 parcels) ; E.S. and A. Barfk, £5 19s 3d (2 parcels); Goldsbrough Mort, 295; New Zealand Breweries, 52s (3 parcels), 51s lOd (2 parcels); Tooth’s Brewery, 31s 2d (2 parcels); Booth, MacDonald, pref., 4s 9d (3 parcels);’ British Tobacco, 36s lid, 36s 9d, 36s lid,'36s lOd; Dunlop Perdriau Rubber, 12s 8d; Electro Zinc, ord., 20s 3d (2 parcels); Mt. Lyell, 24s 6d, 24s 7d (2 parcels), 24s 8d; Mahakipawa, 2d (2 parcels). Sales reported: National Bank of Australasia, £5 paid, £7 2s; New Zealand Insurance, 46s 6d; E.S, and A. Bank, £5 19s 3d. MARKET FOR METALS. LONDON QUOTATIONS. By Telegraph—Press Ason.—Copyright. Rec. 9.10 p.m. London, July 3. The quotations for metals, with those ruling on June 30, shown in parentheses, are: — \ . Standard copper; On spot, £49 5s (£49 3e fld); three months, £4B 6s 3d (£49 is 3d). ■ Electrolytic copper: Spot, £o4 10s (£54 10s); three months, £56 10s (£56 10s). mi Wire bars £56 10s (£56 10s). Lead: Spot, £l7 16s 101 d (£lB 3s 9d); three months,-. £l7 5s (£l7 18s 9d) Spelter: Spot, £l5 5s ( £l6 3s 9d); three months, £l6 2s 6d ( £l6 10is). Tin: Spot, £136 18s 9d ( £136 13s 9d); three months, £l3B 17s 6d (£l3B 13s 9d). Silver: Standard, 15 5-8 d per ounce (15 : ?d); fine, 16 7-3 d (17d). '

SHARES OUT OF RESERVE. INSURANCE COMPANY’S PLAN. Auckland, Last Night. Tiie directors of the New Zealand Insurance Company have decided to recommend to the shareholders at the annual meeting the payment of a dividend of Is a share for the half-year, making 1r lid for the year. The directors-a intend to recommend that £300,000 be transferred from reserve to capital increasing the paid-up capital to £1,000,090- ° , mi „ The dividend last year was Is 10a a Bv the proposed capitalisation the nominal value of the shares will be increased from 16s to £l, fully paid.