COMMERCIAL

Timaru Herald, Volume CXXXIX, Issue 20065, 23 March 1935, Page 22

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE latest quotations Special to " The Tlmaru Herald" CHRISTCHURCH, March 22. The following quotations were ruling when the Stock Exchange closed for tht day:—

YESTERDAY’S SALES By Telegraph —Pres? Association AUCKLAND. March 22. Sales on Change Stock, 1940. 4 per cent. £lO2/12/6, £lO2/15/0 1949, £IOB/10/0, 1955, £llO/6/6, £llO/5/0; Mt. Albert Boro. 1959. 41 per cent., £lO5/10/0; Bank of Australasia, £ll/6/0; Reserve Bank. £6/10/0; Auckland Gas (contr.). 20/9; Dominion Fertiliser. 22/-; N.Z. Farmers Fert., 18 11 (2); Robinson Ice Cream, 22/7*; N.Z. Refrigerating (£1 paid), 19/-; Union Oil, 30/-; Goldfields Dredging, 6d; King Solomon, 3/11, 3/11* (2); Nevis Diesel. 21d; Waihi, 40./6 (2); Mt. Lyell, 18/1. WELLINGTON. March 22. Sales on Change—Bonds. 4 per cent. 1946. £106; 1949, £109; 1955, £llO/13/6; Stock. 4 per cent., 1946. £106; 1949, £109; 1955, £llO/12/6; Bank of Australasia, £ll/5/6; South British Insurance, 95/6; British Tobacco, 36/4; Mount Lyell, 17/10*; Skippers, 4*d. CHRISTCHURCH. March 22. Unlisted Stocks—Upper Watut (2/paid), 5/7. Sales on Change—Comm. Bank of Australia. 15/10, 15/11; Tooths Brewery, 47/-; Dunlop Perdriau Rubber, 16/7, 16/8. 16/9, 16/10; Electro Zinc (ord.), 21/7 (2), 21 8 (3), Henry Jones Co-op., 34/-; Charleston, 3.\d, 33d; King Solomon, 3/10 (2); Maori Gully, 1/55 (3); Okarito, 7/-; Worksop Extended, 2/65. Sales reported—Stockton Coal (pref.) 4/-; Tooths Brewery, 47/6; Claude Neon (N.Z.). 46/-; N.Z. Farmers Fertiliser, 19/-; King Solomon, 3/11; Mt. Lyell, 17/105; Skippers, 43d. DUNDEE, March 22. Sales reported Westport Coal, £l/1/3. SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright (Received March 22. 9.25 p.m.) SYDNEY, March 22. On the Stock Exchange, the selling pressure was greatly reduced to-day, and the tone of the investment market was steadier. The gold share market also made a slight rally, but the giltedged section was slow. Sales: Bank of New South Wales, £3O; Commercial Bank of Sydney, £l6/5/-; Colonial Sugar, £4O/5/-; Mercantile Mutual Insurance, 24/11; British Tobacco, 36/9; Tooth’s, 49/-; Electrolytic Zinc, 21/71; Anthony Hordern, 17/3; Lustre Hosiery, 26/-; Standard Cement, 19/3; Australian Iron and Steel (pref.), 22/6; Automatic Totes, 18/6; Meggitt’s, 20/-; Victoria Nyanza, 6/6; Mt. Morgan, 36/-; Broken Hill Proprietary, 49/3; Placer Development, £27; Euratha Gold, 3/6; Commonwealth Bonds (all 4 per cent.), 1938, £104; 1941, £lO5 TO/-; 1944, £106; 1950, £106; 1959. £lO7/7/6.

Melbourne sales: Gordon and Gotch. 45/-; Herald and Weekly Times, 54/-; Nestles (pref.), 38/-; electrolytic Zinc, (pref.), 33/-; Mt. Lyell, 18/4.

LONDON WHEAT MARKET United Press Association— By Electric Telegraph—Copyright (Received March 22, 5.5 p.m.) LONDON, March 21. Cargoes are steadier in tone, with an advance at closing. London futures: April 21/7 per quarter, June 22/1. Liverpool futures: March 4/111 per cental. May 5/11, July 5/3, October 5/5 5. Spot trade is quiet. CHICAGO WHEAT QUOTATIONS United Press Association—By Electric Telegraph —Copyright (Received March 22. 7.30 p.m.) CHICAGO, March 21. Chicago wheat quotations: May, 94 cents a bushel; July, 94 5-8 cents; September, 911 cents. New York, cash, 112 3-8 cents.

N.Z. AND RIVER PLATE LAND COY. The New Zealand and River Plate Land and Mortgage Coy., Ltd., had an income of £90,010 for the year ending October 31, 1934, being £5,103 more than that earned in the previous year. Expenses and taxes increased from £14,583 to £18.588 and the cost of exchange from £6,740 to £26,785. Net profit fell from £28,626 to £16.093. A sum of £42,251 was brought in. Dividend for the year is reduced from 5 per cent, to 3 per cent., and £37,344 remains to be carried forward. Paid up capital is £700,000. To provide for the further fall in Argentine exchange, an additional transfer of £50,000 has been made from reserve. The directors state that the mortgage moratorium law, which came into force in the Argentine in October, 1933, has been a great hindrance to business and has considerably curtained the company’s earning powers.

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.— 3a p.c. Inscr. 1941 4 p.c. Inscr., 1937102 10 0 — 40 . . 102 15 0 — 4 p.c., Inscr., 194346 105 17 6 — 4 p.c. Inscr., 194649 ... . 103 0 0 — 4 p.c. Bonds, 193740 ... . 102 17 6 — 4 p.c. Bonds, 194346 ... . 106 5 0 — 4 p.c. Bonds, 194649 ... . 108 10 0 — 4 p.c. Bonds, 195255 111 0 0 — Other Debentures Makerua Drain- - age 4 V per cent. 1/8/45 101 0 0 Booth Macdonald 61 per cent. 1937 Puller and Sons J. 67 0 0 - 61 p.c, 1/3/49 . — 82 5 0 Banks— Comm. of Aust 0 IE 0 0 16 0 Comm, of Aust. ipref.) — 9 17 6 Comm, of Sydney — 16 5 0 E., S. and A. . . . — 4 19 0 New South Wales 29 15 0 30 0 0 New Zealand . . . New Zealand (“D” 2 7 10 2 8 11 Mort. shares) . 1 12 0 — Reserve 6 10 6 6 11 3 Union of Aust. . — 8 12 0 Insurance— A.P.A 1 0 8 New Zealand . . . 3 8 0 3 9 9 Standard 3 11 3 3 11 9 Loan & Agency— Dalgety and Co. . 8 15 0 Goldsbrough Mort. National Mortgage 1 6 9 1 6 11 (“A”) — 3 0 0 N.Z. Guarantee Corporation (cum div.) . . 0 5 6 0 5 11 United Building Society (c. div.) Wright Stephen- - 1 2 9 son & Co. (pf.) 0 19 0 1 0 6 Shipping— Union (pref.) . . . P. and O. Deferred 1 7 0 - Stock — 1 2 0 Frozen Meat— Gear N.Z. Refrigerating 1 1 0 - (£1 paid) . . . 0 18 0 0 19 1 N.Z. Refrigerating (10/- paid) . . 0 7 11 0 8 3 Woollens— Bruce ....... 0 14 6 Kaiapoi (17/- pd.) 0 14 7 0 15 9 Coal— Westport - Stockton (ord.) 0 1 11 0 2 0 Stockton (pref.) . — 0 4 0 Gas— Auckland (contr.) 1 0 3 Christchurch . . . Christchurch (10/1 15 4 1 15 6 paid) 0 16 10 — Timaru 0 19 3 1 1 8 Breweries — New Zealand . . . 2 10 6 2 11 3 Staples 1 11 0 1 11 9 Timaru 0 10 0 0 13 0 Timaru (7/6 paid) 0 8 5 0 8 6 Tooheys — 1 8 3 Tooths 2 7 0 2 7 6 Miscellaneous — Associated Newspapers .... — 1 2 9 Allied Motors . . Amalg. Wireless 0 3 6 (contr.) .... 1 12 9 1 19 0 Anthony Hordern 0 16 8 0 17 2 Australian Glass . Aust. Iron & Steel 2 10 0 2 18 0 (pref.) .... 1 1 9 1 2 5 Beath and Co. (cum div.) . . 1 11 0 1 12 6 British Tobacco (cum div.) . . 1 15 6 1 16 3 Broken Hill Proprietary .... 2 7 9 2 9 3 Claude Neon (Syd.) 2 6 0 2 7 6 Claude Neon (N.Z.) 2 5 9 2 6 9 Colonial Sugar . . Dominion Builders 40 0 0 40 15 0 Supplies .... 0 4 0 0 7 6 Dominion Fertl. . Dunlop Perdriau 1 2 3

Rubber .... 0 16 8 0 16 10 Electrolytic Zinc (ord.) 1 1 7 1 1 8 Electrolytic Zinc (pref.) 1 12 0 1 12 9 Hays, Ltd. (15/paid! — 0 16 9 Henry Jones . . . — 1 14 6 Mason Struthers (£1 paid) . . . 0 13 0 0 16 0 New Colosseum 1 7 6 — N.Z. Drug Co. (c. div.) — 4 0 0 N.Z. F a r m e r s’ Co-op. (1st pf.) 2 2 6 2 10 0 N.Z. Farmer s' Co-op. (“B” pf.) — 1 10 0 N.Z. Farmer s’ Co-op. (45 p.c. Stock, 1940) . . 82 0 0 83 5 0 N.Z. Far m e r s’ Co-op. (4£ p.c. Stock, 1945) . . 82 0 0 — N.Z. F a r m e r s’ Fertiliser . . . — 1 0 0 N.Z. Newspapers . 1 10 0 — Quill Morris (in liquidation) . . 0 3 11 0 4 4 Sun Newspapers . 0 4 2 0 4 5 Taranaki Oil . . . — 0 0 6 T a u p o Totara Timber (pref. 14/- paid) . . . 0 10 0 0 18 6 Wilson’s Cement . — 1 14 3 Mining— Addison’s Flat . . 0 2 0 — Alexander .... 0 18 3 0 18 9 Alexander (15s paid) 0 17 4 0 18 7 Aotearoa — 0 1 0 Bell Hill — 0 1 6 Bell Hooper . . . 0 0 oi 0 0 2 Bell Kilgour . . . 0 0 0i 0 0 03 Bendigo Goldlights 0 0 10 0 0 1U Big River .... 0 2 u 0 2 4 Blackwater . . . — 1 12 9 Bismarck — 0 16 6 Brian Boru .... 0 0 23 0 0 3.1 Bulolo 8 10 0 9 10 0 Central Shotover . — 0 0 5 Charleston .... 0 0 4 0 0 5 Consolidated . . . 0 15 0 0 19 0 Deep Lead .... 0 1 6 0 2 0 Gillespie’s Beach . 0 1 4 0 1 8i Golden Dawn . . 0 1 6 0 2 6 Golden Point . . 0 0 0-1 0 0 1 Golden Sands . . 0 2 3 0 2 9 Goldfields Dredging 0 0 5 0 0 6 Kildare 0 3 3 0 3 6 King Solomon . . 0 3 9i 0 3 11 Maori Gully . . . 0 1 5 0 i 6 Lawson’s Flat . . . 0 0 2h — Maerewhenua . . 0 0 2 0 0 3 Mahakipawa . . . 0 0 10 0 0 10J Mahakipawa (pf.) 1930 issue . . . 0 1 1 0 1 4 Mataki 0 1 3 0 2 0 Mining House Concessions .... — 0 0 2

Moonlight Nelson Creek — 0 0 i Mossy Creek . . . 0 2 5i 0 2 8 Mount Lyell . 0 17 11 0 18 0 Mount Morgan (cum div.) . . . 1 14 0 1 14 9 Nokomai — 0 2 5 Okarito . 0 6 11 0 7 4 Rawang Tin . . . 0 6 10 0 7 4 Skippers 0 0 4£ 0 0 42 Upper Shotover (10d paid) . . . — 0 0 3 Waihi 2 0 0 2 1 0 Grand Junction — 0 4 11 Waitahu — 0 2 7 Unlisted Stocks All transactions in stocks quoted in this section are subjeci to a different rate of brokerage from Listed Stocks, and are not quotec on the Official List. Buyers. Sellers. £ s. d. £ s. d. Assoctd. Motorists Petrol (pref.) . 1 4 7 1 7 3 Argo Gold .... 0 1 4 0 1 4i Ben Ledi 0 0 41 0 0 6 Carbonic Ice . . . — 1 1 0 Canterbury Roller Flour (c. div.) . — 0 10 0 Dominion Life . . — 0 3 3 Ch-Ch. Press . . . 7 0 0 8 10 0 Golden Gully . . — 0 0 5 Jones Nevis .... — 0 0 11 New River (6d pd) — 0 0 6 Macetown .... — 0 1 2 National Tobacco (pref.) .... 1 18 6 2 0 0 N.Z. Dry Cell and Battery .... 0 15 6 — N.Z. Mining Investment . . . 0 0 4 0 0 9 N.Z. Woolpacks . . 0 2 6 0 16 0 E. Reece Ltd. (pf.) 0 1 6 0 2 6 Regent Theatre Buildings . . . 0 4 0 0 7 0 Smith Wylie . . . 0 6 0 0 10 2 Upper Watut (2 - paid* 0 5 6 0 5 9i Warners Ltd. . . — 7 5 0 Woolworths <Svd.) (ord., cum div.) 4 5 6 4 6 6 Were’s Investment Trust 0 4 0 —