COMMERCIAL

Timaru Herald, Volume CXXXIX, Issue 20103, 9 May 1935, Page 14

COMMERCIAL

CRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Timaru Herald “ **' CHRISTCHURCH, May 8. The fallowing quotations were ruling when the Stock Exchange closed for the day:—

Unlisted Stocks All transactions in stocks quoted in this section are subject to a different rate of brokerage from Listed Stocks and are not quoted on the Official List.

YESTERDAY’S SALES By Telegraph—Press Association' AUCKLAND. May 8. Sales on ’Change.—Stock 1946, 4 per cent., £107; 1949, £lO7/10/-; 1955, £lll/12/6; Wellington Gas, 1941, 6* per cent., £104; Commercial of Australia, 15/11; Bank of New Zealand, 51/- (2) ; Reserve Bank of New Zealand, £6/13/6; Union Bank, £B/13/-; National Insurance, 21/7; South British Insurance, 99/-; Standard Insurance, 72/6; Dominion Insurance and Banking, 16/6; North Auckland Farmers (B pref.), 6/-; Kauri Timber, 19/9; Dominion Breweries, 15/6; Broken Hill Proprietary, 53/6, 54/-; Claude Neon (3yd.), 50/-; Consolidated Brick, 7/-; New Zealand Newspapers, 35/3 (2) ; New Zealand Refrigerating (10/- paid), 9/1; Sun Newspapers, 5/5, 5/6 (2); Wilson’s Cement, 35/3 (2); Woolworths (N.Z.), £11; Waihi, 42/9; Waihi Junction. 4/6 (2); Mt. Lyell, 20/-, 19/10. Unofficial List. —National Tobacco, 67/-; Woolworths (Syd.), 89/-. WELLINGTON, May 8. Sales on ’Change.—Stock, 4 per cent. 1937-40, £lO4/7/6; Bank of New South Wales, £3l; National Insurance. 21/10; South British Insurance, 99/3 New Zealand Breweries, 55/6; British Tobacco, 38/9, 39/-; Colonial Sugar, £42/7/6; Mount Lyell, 19/10; New Zealand Drug, 80/-; Brian Boru, 4d; Okarito, 6/-; Skippers, 21d; Mount Morgan, 38/-. CHRISTCHURCH. May 8. Unlisted Stocks.—Upper Watut (2/paid), 5/1 (2). Sales on ’Change.—Commercial Bank of Australia. 15/11 (2) ; Goldsbrough Mori, 30/6 (3), 30/4; Christchurch Gas, 36/6; New Zealand Breweries, 55/7 (2), 55/6 (3), 55/7, 55/6. 55/8; British Tobacco, 39/-; Dunlop Perdriau. 17/4; Sun Newspapers, 5/4 (2); Golden Point, Id; Mahakipawa. 8d; Maori Gully, 1/7?!, 1/7 (3); Mount Lyell, 19/9 (2), 19/8. Sales Reported.—Stock, 1943-46, 4 per cent.. £lO7/10/-; Bank of New South Wales (cum div.), £3l; National Mortgage “A”, 52/-; New' Zealand Refrigerating (10/- paid), 9/2; New Zealand Breweries, 55/6; Beath and Co., 30/3; Broken Hill Proprietary (cum div.), 53/11; British Tobacco, 39/1; Dominion Fertiliser (cum div.), 22/4; Brian Boru, 4d; Mahakipawa, Bd. DUNEDIN, May 8. Sale on ’Change.—National Insurance. 21/8. Sales Reported.—Bank of Australasia, £11; Reserve Bank, £6/13/-; Union Bank, £B/12/6 (2) ; National Insurance, 21/8 (2); British Tobacco, 39/-; Bruce Woollen (ord.), 13/6.

SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright (Received May 8, 8.0 p.m.) SYDNEY, May 8. On the Stock Exchange the market was fairly steady, although the recent improved prices brought more sellers about, disclosing a tendency to profittaking. Sales were: Bank of New South Wales, £3l/7/6; Colonial Sugar (cum div.), £42/10/-; Queensland National Bank, 99/-; Associated News, 22/9; Associated News (pref.), 23/9; How'ard Smith, 15/3; Burns Philp, 62/6; Australian Gas (A), £B/1/6; Tooths Brew'ery, 53/3; ditto (New Zealand delivery), 53/3; Tooheys, 28/9; Australian Glass, 61/-; Dunlop Perdriau, 17/41; Goldsbrough Mort., 30/105; Winchcombe Carson, 28/45; Millaquin Sugar, 36/-; Anthony Hordern, 18/45; ditto (pref.), 25/-; Automatic Totes, 20/-; General Industries, 16/-; Australian Iron and Steel (pref.), 22/101; Mt. Morgan, 37/9; Broken Hill Proprietary, 54/9; South Broken Hill, 84/6; Bulolo Gold, £9; Placer Development, £27/3/-. Melbourne sales: National Bank (£5 paid), £6/4/-; ditto (£lO paid), £l2 16/-; Union Bank, £B/12/-; Herald and Weekly Times, 57/6; Mt. Lyell, 20/11.

DIVIDEND DECLARED By Telegraph—Press Association AUCKLAND, May 8. A final dividend of 7id a share and a bonus of lid a share have been recommended by the Directors of Wilson’s (N.Z.) Portland Cement, Ltd. An interim dividend of 7!d a share was paid in November. With the bonus the return is equal to 133 d per cent, per annum, compared with 10 per cent, last year. DUNEDIN, May 8. The directors of the Westport Coal Company have declared an interim dividend of 6d a share payable on May 28. COLOMBO TEA AUCTION By Telegraph—Press Association DUNEDIN, May 8. L. M. Wright has received the following cabled report on the Colombo tea auction of May 7: Prices for common teas advanced about -Id. The market for medium and fine kinds remained firm at last week’s rates. Next week’s sale is catalogued for 3,500,0001 b. R ABBIT SKIN SALE There was a full attendance of buyers at the Dunedin rabbitskin sale on Tuesday, when a large catalogue was offered. Competition was keen, and prices were fully on a par with last sale’s rates, with the exception of racks, which were a shade easier. The range of prices was as follows: Small 7d, runners llld, milky llid, summer bucks 19d, summer does 12d, light racks 15id, prime racks 15id, dawny autumns 19d, 2nd early autumns 243 d, early autumns 281 d, 2nd late autumns 31 id, late autumns 393 d, autumn bucks 401 d, autumn does 18d. 2nd incoming 363 d. heavy racks 12:id, incoming bucks 57d, Ist E.W. bucks 74d, Ist E.W. does 373 d, 2nd E.W. bucks 541, 2nd E.W. does 273 d, summer blacks 83d, autumn blacks 18d, late autumn blacks 20d, rack blacks lOd. summer fawns 9d, autumn fawns 18, hareskins Bd.

Buyers. Sellers. £ s. d. £ s. d. N.Z. (j»ovt. Debs.35 p.c. Inscr.. 193843 and 1939-43 HI 0 0 31 p.c. Inscr., 193943 103 0 0 31 p.c. Inscr., 193852 and 1939-52 107 0 0 4 p.c. Inscr., 193740 104 7 6 104 10 0 4 p.c. Inscr., 194346 107 7 6 4 p.c Bonds, 193740 104 7 6 4 p.c Bonds, 195255 112 0 0 4 p.c. Bonds, 194346 107 7 6 _

Banks— Comm, of Aust. . C' >mm. of Aust. 0 15 9 0 16 0 (pref.) — 9 16 0 Comm, of Sydney 17 0 0 17 10 0 E.. S. and A. . . . National of A’asia 4 16 0 5 1 0 (£10 paid, cum div.) 12 10 0 National of A’asia (£5 paid, cum div.) 6 1 6 6 5 0 National of N.Z. . New South Wales 3 7 0 3 7 9 (cum div.) . . . New Zealand (cum 30 17 6 31 0 0 div.) 2 10 9 2 10 11 Reserve 6 12 9 6 13 6 Union of Aust. . . 8 10 0 8 14 0

Insurance — A.P.A 1 1 7 1 1 11 National (c. div.) 1 1 8 1 1 10 Standard 3 11 9 — Loan & Agency — Dalgety and Co. (cum div.) . . 7 18 6 8 4 0 G ;>ldsbrough Mort. National Mortgage 1 10 5 1 10 7 “A” 2 9 0 2 17 6 N.Z. Guarantee Corporation . . United Building 0 5 5 0 5 9 Society 1 i 6 i 2 0 Perpetual Trustees 3 5 0 “ Frozen Meat — Gear N.Z. Refrigerating - i 1 0 (£1 paid) . . . N.Z. Refrigerating 0 19 6 i 0 8 (10/- paid) . . North Canterbury 0 9 0 0 9 2 Freezing . . . 0 13 0 — Southland .... — 3 18 0 Woollens — Bruce 0 12 9 0 14 0 Kaiapoi (17/- pd.) 0 14 3 0 15 6 Kaiapoi (7/- pd.) 0 5 0 — Kaiapoi (pref.) . . 0 17 9 0 18 6 Coal— Westport 1 1 0 1 1 7 Stockton (ord.) 0 1 8 0 1 11 Stockton (pref.) . 0 4 0 0 5 0 Gas— Christchurch . . . Christchurch (10/1 15 9 - paid) 0 17 9 — Timaru 1 0 0 1 2 0 Breweries — New Zealand . . . 2 15 7 2 15 10 Timaru (7/6 paid) 0 7 11 0 8 4 Tooths 2 12 4 2 12 7

Miscellaneous— Amalg. Wireless (contr.) .... 1 16 0 — Anthony Hordern Associated News0 17 9 0 19 1 papers — 1 3 0 Australian Glass . Aust. Iron & Steel 3 0 0 3 i 9 (pref.) 1 2 7 1 2 11 E?ath and Co. . . Beath and Co. 1 9 6 1 11 0 (1/- paid) . . . 0 7 0 0 9 6 British Tobacco Broken Hill Pro1 18 10 1 19 1 prietary (cum div.) 2 14 2 2 15 3 Colonial Sugar . . 41 15 0 42 2 6 Consolidated Brick Dom. Fertiliser (c. — 0 8 9 div.) 1 2 3 1 2 7 Dunlop Perdrlau Rubber .... Electrolytic Zinc 0 17 3 0 17 4 (ord.j 1 4 9 1 5 6 Electrolytic Zinc (pref.) Imperial Chemical 1 14 3 i 14 9 Industries . 2 2 0 2 5 0 Howard Smith . . 0 14 6 — Hume Pipe (Aust.) 0 12 6 0 16 6 Kauri Timber . . 0 19 3 0 19 11 N.Z. Drug Co. . . Manawatu Knitting 3 18 3 4 0 0 Mills N.Z. F a r m e r s’ i 17 0 i 19 0 Co-op. (“A” pf.) N.Z. Farmers’ 1 0 0 Co-op. (41 p.c., Stock, 1940) . . SI 0 0 N.Z. F a r m e r s’ Co-op. (41 p.c. Stock, 1942) . . 82 0 0 N.Z. Newspapers . N.Z. Paper Mills 1 14 9 1 17 0 (cum div.) . . . Quill Morris (in 1 13 9 __ liquidation) . . 0 4 1 0 5 0 Sun Newspapers . Woolworths (N.Z.) 0 5 6 0 5 11 ord 10 12 6 ii 5 0 Woolworths (N.Z.) pref Woolworths (Syd.) 1 19 0 2 i 6 2nd pref. . . . 1 5 10 i 7 3 Mining;— Alexander (15/paid) — 0 16 1 Bell Hooper .... 0 0 05 0 0 1 Bendigo Goldlights 0 0 11 0 1 05' Big River .... 0 2 4 0 2 5 Blackwater . . . 1 10 9 1 13 6 Brian Boru . . . 0 0 35 0 0 Centra?. Shotover . — 0 0 3 Charleston .... 0 0 4 — Deep Lead .... — 0 2 05 Gillespie’s Beach . 0 1 0 0 1 6 Golden Dawn . . 0 2 4 0 2 9 Golden Point . . Goldfields Dredg0 0 os 0 0 ii ing 0 0 45 0 0 5 Kildare 0 3 25 0 3 5 King Solomon . . 0 4 3 0 4 5 Lawson’s Flat . . 0 0 4* 0 0 5 b Mahakipawa . . . 0 0 75 0 0 8 M ori Gully . . . Mining House Con0 1 65 0 i 7

cessions .... — 0 0 12 Mossy Creek . . . 0 2 3i 0 2 n Mount Lyell . . . 0 19 9 1 0 0 Mount Morgan . . 1 17 11 1 18 9 STOCK EX. TWO EL Nevis Diesel Elec. 0 0 1 0 0 2 Okarito 0 6 0 0 6 5 Skippers .... 0 0 2 0 0 2i Ipper Shotover (lOd paid) . . . — 0 0 3 Waihi (cum div.) . 2 2 0 2 3 3 Worksop Extended 0 2 4 0 2 9

Buyers. Sellers. £ s. d. £ s. d. Coulls, Somerville and Wilkie . . . — 0 15 0 Canterbury Roller Flour Jones Nevis . . . 0 0 71 0 10 0 New Zealand Mining Investment — 0 1 1 New .River (7 id paid) — 0 0 71 Para Rubber (15/paid) — 0 15 6 Regent Theatre Building .... 0 5 0 0 7 3 Smith Wylie . . . — 0 9 0 Snowy River . . . 0 0 0£ 0 0 2 Temuka Flour . . — 1 1 0 Upper Watut (2/paid) 0 5 0 0 5 2 Wool worths (Syd.) ord 4 8 9 4 9 6