COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19373, 23 December 1932, Page 16

COMMERCIAL

GRAIN AND PRODUCE. AUSTRALIAN QUOTATIONS. United press Association—By Electric Telegraph—Copyright (Received December 22, 8.45 p.m.) SYDNEY, December 22. The wheat market is dull. Sellers indicated 2/8 per bushel for both bagged and bulk while in the country 2/- to 2/01 was offering for bagged and 1/11 to 1/111 for bulk equal to 2/71 extrucks'at Sydney. Flour £9'lo/-, bran £4/15/-, pollard £5/10/-, potatoes (Tasmanian) £6/10/-, Victorian £4/10/-, onions Victorian, Globes to £6/10/-[ oaten hay £7, maize (yellow) 5/8, white 5/3. ADELAIDE MARKET. United Press Association—Bv Electric Tel egr&ph—Copyright (Received December 22, 9.45 p.m.) ADELAIDE, December 22 Wheat growers’ lots 2/61 to 2/7, flour £7/10/-, bran £5/7/6, pollard £5/17'6. oats 1/5. SYDNEY EXCHANGE CLOSES FOR HOLIDAYS. United Press Association—Bv Electric Telegraph—Copyright (Received December 22, 8.45 p.m.) SYDNEY, December 22. The Stock Exchange closed for the year at noon to-day, when members were in cheerful and optimistic mood. The Exchange re-opens on January CHRISTCHURCH STOCK EXCHANGE. CLOSING QUOTATIONS. (Special >« “ Tha SZarald.”) CHRISTCHURCH. December 22. The following quotations were current when the Stock Exchange closed after the afternoon call: —

5/9 (2); Golden Point 3d (3); Kin; Solomon (cum. cJiv.) 2/6 2). Sales reported.—No. of shares. 10< Bank of New Zealand, 300 Big River 100 Consolidated (cum. div), 250( Golden Point, 400 King Solomon <cua» div.), 400 Nokomai. THE SHAREMARKET. By Telegraph—Press Association AUCKLAND. December 22. Sales on 'Change—Bonds (19371, 5; per cent, February, £99/2/6; Aucklanr Harbour Board (1935), 5 per cent, £95 Auckland Gas, 21/-; Australian Glass 38/-; Stock (1937), 51 per cent, February, £99 5/-; Bank of New Soutt Wales, £26/10/-, £26 15/-. WELLINGTON, December 22. Sales on 'Change (late yesterday)— New Zealand Breweries, £l/4/11. DUNEDIN, December 22. Sales on Change—Bank of Now Zealand. £2/1/-, £2/0/9. Sales Reported—National Bank oi New Zealand (late Wednesday) £3/6/- (cum. div.); C-uarito, 8 7 (aftei call). The Okarito return for 31 day! dredging, ended to-day, totalled 48oa 8 dwt. for 88 hours. STANDARD MOTOR CO. Standard Motor Co.. Ltd., of England. reports a net profit of £160.698 for the year ended August 31st, compared with £70.300 for the previous year. A dividend of 15 per cent, has been declared. requiring £33.750. and £IOO,OOO is placed to general reserve; £40.000 is required for taxation. In the year, the company has replaced an overdraft of £59,056 with a credit at bankers of £200.950. and there is a surplus of current assets of about £590.000. The Timaru distributors of the Standard cars are Amuri Motors, Ltd N.Z. AND RIVER PLATE CO. By Telegraph—Press Association AUCKLAND. December 2. Cabled advice has been received by the local attorney of the New Zealand and River Plate Land Moitgage Company, Ltd., that the net profit for the year, ended October 31, 1932, was £102,625, including £43,983 brought into the accounts. At the annual meeting, to be held in London on January 17. the directors will recommend that a final dividend of 31 per cent be declared, making a total of 7 per cent for the year (less income tax at 5/- in the £8) absorbing £49,000, and that £SOOO should be carried to the reserve, leaving &48,625 to be carried forward.

Buyers Sellers £ : s. d. £ 8. d. N.Z. Govt. Debs— 45 p.c. Inscr., 1938 and 1939 . . . 93 2 6 — 41 p.c. Bonds, 1938 93 5 0 — 41 p.c. Bonds. 1939 93 5 0 — 51 p.c. Inscr.. 1936 99 0 0 — 51 p.c. Bonds, 1936 51 p.c. Inscr., Feb. 99 10 0 1937 99 5 0 51 p.c. Bonds. Feb. 1937 99 10 0 51 p.c. Inscr, Sept., 1937 99 2 6 99 10 0 51 p.c. Bonds. Sept. 1937 99 2 6 — Other Debentures— Ch.Ch. Drainage, 53 p.c. 1938-73 . Ch.Ch. Drainage 53 - 97 10 0 p.c., 1973 . . . — 97 10 0 Banks— Comm, of Aust. . . Comm, of Aust. 0 13 7 0 13 10 (pref.) 7 0 0 7 5 0 E.. S. and A. . . . National of A/asia. 3 18 6 4 2 0 (£10 paid) . . . 10 0 0 — National of A/asia. £5 paid) . . . 5 1 6 5 8 6 National of N.Z. (cum. div.) . . . 3 3 0 . New South Wales 26 0 0 26 10 0 New Zealand . . . 2 0 9 2 1 2 Union o£ Aust. . . 6 15 0 7 9 0 Insurance— New Zealand . . . 2 0 7 A.P.A 0 5 6 — South British . . . 2 13 0 — Standard 2 1 0 — Loan & Agency— Dalgety and Co. . 6 16 0 7 5 0 Goldsbrough Mort. N.Z. Guarantee 1 1 1 1 1 8 Corporation . . United Building 0 4 2 0 4 9 Society .... 0 14 6 0 15 0 Shipping— P. and O. Deferred Stock 0 15 0 — Union (pref.) . . 0 19 9 — Frozen Meat— Canterbury (ord.) 5 0 0 Canterbury (pref.) N.Z. Refrigerating 3 15 0 4 2 6 (10/- paid) . . North Canterbury 0 3 0 0 3 5 Freezing . . . 0 1 0 0 4 6 (7 .Is— Christchurch . . . Christchurch (10/i 4 ii paid) 0 10 9 0 11 6 Breweries— New Zealand . . . 1 4 6 1 4 11 Staples . . . . . 1 1 0 1 2 8 Tooths ..... 1 9 3 — Miscellaneous— Amalgamated Wireless contr.) . . 0 18 0 — Australian Glass . Beath and Co. (1/1 18 0 1 13 9 paid) British Tobacco — 0 0 (cum. div.) . . . 1 8 3 1 8 8 British Tobacco (pref.) 1 4 0 — Burns Philp . . 2 2 0 — Colonial Sugar . . 46 10 0 48 0 0 Dunlop Rubber . . Electrolytic Zinc 0 14 6 — • ord.) 0 14 9 — Electrolytic Zinc (pref.) Henry Jones 1 4 3 1 5 6 Co-op 1 12 C — Howard Smith . — 0 10 6 Kauri Timber . . —- 0 10 0 Mount Lyell . . . 0 13 9 0 19 0 N.Z. Drug Co. . . N.Z. Farmers’ — 3 0 0 Co-op., (4* p.c. Stock, 1945) . . 46 0 0 Taranaki Oil . . . Victoria Nyanza e 1 6 — Sugar 0 8 0 — Weeks, Ltd. . . . Whitcombe and 10 0 6 15 0 Tombs — 2 14 0 Wilson's Cement , Woolworths (N.Z.) l 5 9 1 9 0 pref l 8 9 1 12 6 Mining— Big River ... Blackwater (cum 0 1 2 0 1 3 div.) i 0 9 1 3 0 Consolidated (cum. div.) 0 8 6 0 9 6 Gillespies Beach <6d paid) . . . 0 0 9 0 0 11 Golden Sands . Alexander (contr.. 0 2 1 0 2 6 ex div.) .... 0 15 0 1 0 0 Cornish Point . . 0 0 2i 0 0 4 Golden Dawn . . 0 4 10 0 5 2 Golden Point . . 0 0 2 i 0 0 3 King Solomon . . 0 2 5 0 2 6 Mahakipawa . . . Mahakipawa 9 0 li 0 0 3 (pref.) 0 0 44 0 0 74 Nokomai 0 5 8 0 5 9 Okarito 0 7 n Waitahu (3 - paid) 0 3 8 0 4 6 Sales on ’Change. —Bank of New Zealand 40/9: 41/1; Big River 1/24; Consolidated tcurn div.) 9 Nokomai