COMMERCIAL

Timaru Herald, Volume CXXXVIII, Issue 19943, 30 October 1934, Page 14

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Tiinaru Herald " CHRISTCHURCH, October 29. The following quotations were ruling when the Stock Exchange closed for the day:

YESTERDAY'S SALES By Telegraph - Pres* AasnrlatlOD i AUCKLAND. October 29. | Sales on Change.—Stock. 15 2/46 4 | per cent.. £lO9 (2) ; 15 4 49. 4 per cent.. £109; Tamaki West Road Board 1/1/65, 41 per cent., £105; Bank of New Zealand, 49/-; Union Bank, £9/6 6Kauri Timber. 19/4; Union Oil, 30 3; New Zealand Newspaper, 32 9; Wilson’s Cement, 34/-; Consolidated Brick, 10 11; Farmers Trading, 7/2 (2); King Solomon, 3/9; Mataki, 2/8; Okarito 8/6; Waihi Junction. 4/3. Unofficial list—New Zealand Perpetual Forests, 44 -; Woolworths (Syd--s’d',(2?' 74/6 <2>: Saddle Mincs - 6d. WELLINGTON. October 29. Sales on ’Change.—Stock. 4 per cent. 1949. £lO9/10/-; 1955, £ll3/10/-; ReI serve Bank. £6 11/3 (2); British Toj bacco. 41/4; Talisman Dubbo. 11/6; I Nevis Diesel, 4/d; Mossy Creek, 1/10.’ , Unofficial.—Woolworths, Ltd. 75/9. CHRISTCHURCH. October 29. Sales on Change.—Commercial Bank ; of Australia. 16 1 (2); New Zealand j Refrigerating <lO - paid), 9/9; Christchurch Gas (10/- paid). 16/2; New [ Zealand Breweries, 50/4; Tooth’s Brewery. 51/3 (2); Anthony Hordern, 16/2; British Tobacco. 41 3; Dunlop Perdriau Rubber, 19/11, £1; Kauri Timber, 19 9; Blackwater. 33 4; Mahakipawa, lOd; Nokomai. 3 10. 3/9, 3/8; Rawang Tin, 8/3: Worksop Extended, 3/- <2>. Sales Reported.—Bank of New Zealand. 48 10; Reserve Bank. £6/10 9; Dalgety and Co., £9 6/6; Broken Hill Proprietary icum. div.), 52 2: Worksop Extended. 3/-; National Insurance, 21/4; Skippers, 65d. Unlisted Stocks.—Argo Gold <6d paid), Sid; Macetown (1/- paid) 1/3 1/31, 1/1. DUNEDIN, October 29. Sale on 'Change.—Stock, 1949, 4 per cent., £109<5/-. Sales Reported.— Tooths Brewery, 51/3; Waitaki Freezing, 70/4; Stock, 1955, 4 per cent., £ll3/17/6. SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright 'Received October 29, 8.45 p.m.) SYDNEY, October 29. On the Stock Exchange there was active trading in to-day’s investment market and prices generally were steady. Sales:— Commercial Bank of Sydney, £l7 8/-; National Bank (£5 paid), £6/6/-; Colonial Sugar. £77/7/6; Australian Provincial Assurance. 10/9; Mencantile Mutual, 24 9; Associated News, 25/9; Bums Philp, South Sea. 24/6; Tooths, 52/-; Hume Pipe. 14/-; Australian Glass, 54/-; Dunlop Perdriau, 20/3; Goldsbrough Mort., 31/3; Winchcombe and Carson, 28 6; Henry Jones, 37/-; Fairymead Sugar. 42 6; Anthony Hordern, 16/45; Lustre Hosiery, 25/6; Standard Cement, 18 3; Drug Houses of Australia, 23/-; General Industries, 13/3 (pref.), 25/9; Mt. Morgan, 35/6; Broken Hill Proprietary, 52 6: Kuala Kampar, 14/9; Placer Development. £24 10/-. Melbourne Sales: Commercial Bank of Australia, 16'3; Nestles (pref.), 39/-; Goldsbrough Mort.. 31/3; Electrolytic Zinc (pref.). 36/6; Howard Smith. 15/10; Australian Iron and Steel (pref.). 23/9: Mt. Lyell, 19/-. FOREIGN EXCHANGES. British Official Wireless RUGBY. October 25. London on the cities mentioned:—

NATIONAL INSURANCE CO. ANNUAL REPORT By Telegraph Press Association DUNEDIN, October 29. The annual report of the National Insurance Company of New Zealand, Ltd., shows a net income for the year ended September 30. 1934, of £237,958/19/1. After making full provision for losses outstanding, there is an underwriting surplus of £28,096/16/8. Interest and rents, less income tax, amount to £27,622/9/2, and the balance brought forward from last year is £35,588/8/2, amounting in all to £91,308/14/-. The interim dividend paid in May, 1934, absorbed £16,666/13/4 leaving an available balance of £74,642/0/8. The directors have added £1,167/13/6 to the taxation and contingency account, £IO,OOO to the reserve fund and written £5732 off the Company's premises, and recommend the payment, of a further dividend of 5d a share (making the total distribution for the year 9d a share, equalling £37,500), and to carry forward £36,909/0/6. DALGETY AND CO., LTD. By Teleeraph —Presp Association WELLINGTON, October 29. The superintendent of Dalgety and Co., Ltd., has advised the Stock Exchange Association that at the annual meeting in London on November 22, the directors will recommend a final dividend of 2i per cent, which, with the previous interim dividend, will make 5 per cent, for the year. MINING NEWS By Telegraph—Press Association DUNEDIN, October 29. The Gillespie’s beach dredge reports a return for the week of 570 z. for 137 hours working. The Okarito washup for the week ended Saturday totalled 360 z. 12dwt. for 128 hours dredging. The Waitahu Goldmining Company states that the result of 96 days elevating was 230 z. 19dwt. BANK OF ENGLAND United Press Association—By Electrlo Telegraph—Copyright LONDON, October 25. Returns of the Bank of England for the week ended October 24 are as follows: — Gold and silver coin, £194,947,705, and £194,083,217 a year ago. The reserve in notes and coin is £77,955,185, compared with £73,367,102 last week and £82,528,535 last year. The proportion of reserves to liabilities is 48.50, compared 'with 47.20 a week ago and 49.70 a year ago. The circulation is £374,703.076, compared with £377,217,235 last week. ISSUE DEPARTMENT. £ Notes issued — In circulation .. .. 374,703,076 In banking department . 77,298,111 £452,001,187 Government debt .. .. 11,015,100 Other Govt, securities .. 244,902,446 Other securities .. .. 1,135,936 Silver coin 2,946,518 Fiduciary issue .. .. 260,000,000 Gold coin and bullion .. 192,001,187 £452,001,187 BANKING DEPARTMENT. £ Capital 14,553,000 Rest 3,124,856 Public deposits .. .. 22,357,765 Other deposits— Bankers 100,742,604 Other accounts .. .. 37,600,923 Seven-day and other bills 5,060 £178,384,208 Govt, securities .. .. 81,279,164 Other securities — Discounts and advances . 8,246,208 Securities 10,903,651 Notes 77,298,111 Gold and silver coin .. 657,074 £178,384,208

Buyers. Sellers. E s. d. N.Z. Govt. Debs.35 p.c. Inscr.. 193852 — 110 15 0 32 p.c. Inscr, 1941 — 4 p.c. Inscr., 1940 105 0 0 105 10 0 4 p.c. Inscr., 1946 109 0 0 109 10 0 4 p.c. Inscr., 1955 113 5 0 4 p.c. Bonds, 1940 105 0 0 4 p.c. Bonds, 1946 and 1949 . 109 5 0 4 p.c. Bonds. 1955 113 12 6 Rural Bonds . . . 102 12 6 104 10 0 Other Debentures— North Canterbury Hospital, 51 p.c. 31/1/52 .... — 106 0 0 thanks— Comm, of Aust. 0 16 0 0 16 1 Comm ol Aust. (pref.) 9 18 6 10 1 0 Comm, of Sydney — 17 15 0 E., S. and A. . . . 5 3 6 5 6 6 National ol A’asia <£10 paid, cum div.) 12 5 0 12 12 6 National oi A asia <£5 paid, cum div.) 6 3 6 6 6 0 National of N.Z. . 3 10 3 3 12 0 New South Wales 31 12 6 31 17 6 New Zealand . . . 2 8 7 2 9 0 Reserve 6 10 9 6 11 0 Union of Aust. . . 9 0 0 9 7 0 nsura nee—■ Mercantile Mutual 1 4 6 1 4 9 National — 12 0 Lo: n and Agency Dalgety and Co. . 9 5 6 9 7 6 Goldsbrough Mort. 1 10 7 1 10 9 Invincible Building Society 4 10 0 National Mortgage “B” . 1 7 6 Permanent Investment 9 7 6 United Building Society .... 1 0 6 1 0 11 Shipping — Huddart - Parker <pref.) .... 5 16 0 P. and O. Deferred Stock 1 2 0 — i rozen Meat-— Canterbury (pref.) 5 16 0 N.Z Refrigerating (£1 paid) . . 0 19 7 0 19 11 N.Z Refrigerating ' 10 - paid) . . 0 9 9 0 10 0 North Canterbury Freezing .... 0 16 10 1 0 0 Woollens—Bruce . . 0 13 9 0 14 0 Kaiapoi (17/- pd.) 0 14 6 — Kaiapoi (7 - pd.) 0 4 4 0 4 11 Kaiapoi <pref.) . . — 1 0 2 Mosgiel 11 0 0 — Coal — Westport 0 18 9 0 19 0 Stockton <ord.' — 0 3 0 Stockton ipref.) — 0 4 11 Gas — * Australian Gaslight “A" . . . — 8 0 0 Christchurch < 10 - paid) 0 16 1 0 16 9 Breweries — Monteiths .... _ 0 14 0 New Zealand . . . 2 10 3 2 10 6 Staples ..... 1 11 0 1 12 0 Swan 5 10 0 Timaru (7 6 paid) 0 7 6 — Tooths 2 11 0 2 11 4 Miscellaneous— Associated Newspapers 14 9 — Anthony Hordern 0 16 0 0 16 4 | Australian Glcss (c. div.) 2 12 6 2 14 6 British Tobacco 2 10 2 14 Broken Hill Proproprietary (c. div.) 2 12 0 2 12 2 Burns Philp <c. div.) 2 17 6 — Claude Neon (Svdney) 2 9 6 2 15 0 Colonial Sugar . . 75 0 0 73 0 0 D.I.C. (10/- paid. cum div.) . . . 0 15 9 — D.I.C. (pref., cum div.) ..... — 1 7 6 Dom. Fertiliser . . 1 0 6 — Dunlop Perdriau Rubber 10 0 10 1 Electrolytic Zinc ford.) 1 7 7 1 8 0 Eleetrolvtic Zinc (pref.) 1 15 10 1 16 9 Evans Atlas Flour 1 19 6 2 1 0 Hume Pipe (Aust.) 0 13 3 — Kauri Timber . . 0 19 0 0 19 9 Mason Strothers (£1 paid) . . . — 0 16 0 Mason. Strothers (10/- paid) . . — 0 8 0 N.Z. Farmer s’ Co-op. (1st pf.) 2 0 0 2 10 0 N.Z. F a r m e r s’ Co-op. (“A” pf.) 0 10 6 1 15 0 N.Z. Farmers Co-op. 45 p.c. Stock. 1940) . . 85 0 0 87 10 0 N.Z. Farmers’ Co-op. <4?; p.c. Stock. 1939) . . — 89 0 0 N.Z. Newspapers . 1 12 9 — Northern Roller Milling — 1 14 0 Sun Newspapers . 0 3 9 0 3 11 Wilson’s Cement . 1 13 8 1 14 1 Woohvorths (N.Z.) ord 7 17 6 Wool worths (N.Z.) (pref.) 2 0 0 2 2 0 Mut in?— Addison’s Flat . . — 0 2 6 Alexander .... 0 18 0 0 19 0 Alexander (14/6 paid) 0 15 1 0 16 0 Aotearoa 0 0 9i o i i Bell Hill .... — 0 2 6 Bell Hooper . , . 0 0 2 0 0 4 Bell Kilgour . . . 0 0 2 0 0 3 Bendigo Goldlights — 0 1 0 Big River 0 1 95 0 1 10 Blackwater .... 1 13 2 1 13 5 Brian Boru .... 0 10 0 12 Consolidated . . . 0 19 0 Deep Lead .... 0 1 11 0 2 0 Glenroy .... 0 0 11 0 1 1 Golden Dawn . . 0 2 1 0 2 7 Golden Point . . 0 0 12 0 0 2* Goldfields Dredgmg 0 0 84 0 0 105 Kildare 0 2 2 0 2 4 King Solomon . . 0 3 8 0 3 9 Kuala Kampar . . 0 15 0 Lawson’s Flat . . 0 0 2* 0 0 3 Maerewhenua . . . 0 0 3 0 0 35 Mahakipawa . . 0 0 9h 0 0 10 Mahakipawa (pf.) 1929 issue . . . — 0 1 35 Mahakipawa (pf.) 1930 issue . . . 0 12 0 1 35 Mataki 0 2 74 0 2 9 Moonlight Nelson Creek 0 0 14 0 0 3 Mining House Concessions .... — 0 0 3 Mossy Creek . . . 0 19 0 1 105 ! Mount Lyell . . . 0 18 9 0 18 11

Murray Creek . . Nevis Diesel 0 5 6 0 10 0 Electric . . 0 0 41 0 0 4* New Cornish Point !9d paid) . . . Nokomai 0 3 81 Okarito Rawang Tin Skippers Stafford Sluicing Upper Shotover 0 1 0 0 1 2 <9d paid) . Waihi (c. div.) Waitahu 0 0 6 1 16 0 0 0 lOi 1 18 6 Worksop Extended Placer Develop0 2 10 0 3 1 ment 23 10 0 25 10 0 Unlisted C4.-L thiV^H™ aCtl0ns L - ocks Quoted in this section are subject to a different. rate oi brokerage from Listed LAst arC n0t QUOted on the Official Buyers. Sellers. Argo Gold <6d pd) £ s. d. 0 0 8 £ s. d. Ben Ledi (1/- pd) Claude Neon Lights o 1 Oi 0 12 (cum div.> . . 2 10 0 N.Z. Dry Cell and Battery .... Golden Gully 1/10 0 paid) . . . Mining Research . ' Macetown (1/- pd) Maori Gully (l/0 10 paid) N.Z. Mining Invest0 14} 0 1 5} ment . . . 0 10 N.Z. Perpetual Forests . Procera Bread (10s paid) . 0 12 6 0 13 0 Woolworths (Syd > ord 3 13 9 3 14 0

Par To the £ New York idol.) 4.86 2 3 4.971 Montreal (dol.) .. .. 4.86 2 3 4.89 Paris (fr.) .. . .. 124.21 75 9-32 Brussels (belghs) 25 21.25 Geneva (fr.) .. .. 25.22 £ 15.22 Amsterdam (fl.) 12.107 7.33 Milan (lire) 92.45 57 15-16 Berlin (marks) .. .. 20.43 12.32 Stockholm (kr.) 18.159 19.39 i Copenhagen kr.) .. 13.159 22.39s Oslo (kr.) 18.159 19.901 Vienna (sch.) .. .. 34.58 i 261 Prague (kr.) .. .. 1641 118* Helsingfors (marks) 193.23 226 h Madrid (pes.) .. .. 25.225 36'1-32 Lisbon (esc.) .. .. 110 1101 Athens (drach) 375 t515 Bucharest (lei.) 813.6 500 Belgrade (dinars) .. 276.32 219 Batavia (florins) 12.11 7.21 Rio de Janeiro (d. to mils.) 5.899 T 44 Buenos Aires (d. to peso) 47.62 364 Monte Video (d. to pet 51 39s Par Value in pence Bombay (urpeet 16 16 1-16 Shanghai (dol.) * 151 Hongkong (dol.) * 191 Yokohama (yen) 24.58 13 15-16 * Pence per local unit. tsellers.