COMMERCIAL

Timaru Herald, Volume CXXXIX, Issue 20109, 16 May 1935, Page 16

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Timaru Herald" CHRISTCHURCH, May 15. The fallowing quotations were ruling when the Stock Exchange closed tor the day:—

YESTERDAY’S SALES Bv Telegraph—Press Association AUCKLAND, May 15. Sales on Change.—Stock, 1940. 4 per cent, £105; 1946, £107,15/- (2); 1949, £loß's/-; Bank of Australasia. £ll (2>; Bank of New Zealand. 51/- (2); Union Bank. £8 13'6; Ooldsbrough Mort.. 31/-; Auckland Gas, 28/3; Devonport Ferry, 22/9; Northern Steam. 76; Kauri Timber. 19/10; Broken Hill Proprietary (ex div.), 55 /9; Farmers’ Trading. 7/11 (2); Morris Hedstrom, 19/-; New Zealand Farmers’ Fertiliser, 20/6 (2); Waihi, 42/7; Mount Morgan, 38/4; Mt. Lyell, 20/-. Unofficial List. —Woolworths (Sydney), 88 6; Alluvial Holding, 1/9. WELLINGTON. May 15. Sales on ’Change—Bank of Australasia. £ll (3); New Zealand Guarantee Corporation. 5/9; Wellington Investment T. and A.. 9/3: Wellington Gas (pref.), 25/6; Taupo Timber (£1 paid). 18/6; New Zealand Breweries, £2'ls/-; Staples. 32/6; Consolidated Brick and Pipe. 8/6; Waihi (cum div.), 42/7; Grand Junction, 4/9. Unlisted.—Argo CHRISTCHURCH. May 15. Unlisted Stocks.—Woolworths (Sydney), ordinary'. 88/3 (2). Sales on ’Change.—E., S. and A. Bank, £5/1/-; Reserve Bank. £6/13'- (?) ; New Zealand Breweries, 55/1; Timaru Brewery (7/6 paid), 7/10; British Tobacco, 39/-; Broken Hill Proprietary (ex div.), 56/-; Kauri Timber, 19/10; Big River, 2'4; Maerewhenua, 2d (3); Mount Lyell, 20/-. Sales Reported.—Okarito. 6/-; Mount Morgan. 38/4; Dunlop Perdriau Rubber. 16/11; Aust. Iron and Steel (pref.). 22/9; Bank of New South Wales (cum div.), £3l; National Bank of New Zealand. 67/6; New Zealand Government 4 per cent Inscr., 1937-40. £105; Westport Coal, 21/8. DUNEDIN. May 15. Sale on ’Change— Mount Morgan. Sales Reported.—North Broken Hill, £5/19/4; Waihi 42/6. Unlisted. —Golden Crown (2/- paid), 5/-. SYDNEY STOCK EXCHANGE Dnited Press Association—By Electric Telegraph—Copyright (Received May 15, 9.5 p.m.) SYDNEY, May 15. The recent advances in all sections of the investment market brought in an increased number of sellers on the Stock Exchange to-day and the upward trend of values received a check. Price variations, however, were negligible, and the tone of the market was firm. Bank of New South Wales, £3l/7/6; Commercial Bank of Sydney, £l7 18/-; National Bank (£5 paid). £6/6/-; Colonial Sugar. £4l 12 6: United Insurance, £11; Associated News, 23/3; ditto (pref.). 24/41; Huddart Parker, 39/-; Burns Philp (ex div.), 61/-; Australian Gas (A pref.), £B/2/-; British Tobacco, 39/71; Tooths. 52'3: Carlton Brewerv. 49/-: Lustre Hosiery. 27/3; Hume Pipe. 14 '-; General Industries, 17/-; John McGrath, 33/6; Broken Hill Proprietary, 56/-; North Broken Hill, £6/1/-: Bulolo Gold. £9/4/-. Melbourne Sales: Commercial Bank of Australia, 16/-; Herald and Weekly Times, 57/9; Australian Glass, 63/-; Electrolytic Zinc, 25/-. GOLD PRODUCTION Gold entered for export from the West Coast during the month of March amounted to 41220 z. made up from the various counties as follows: Buller 1790 z. Grey 8750 z, Inangahua 20940 z, Westland 9740 z. From New Zealand the total entered for export during the month was 14.2170 z. made up as follows: Auckland 86850 z, West Coast 4122 oz, Marlborough and Nelson 3980 z, Otago 5860 z, Southland 400 oz, other (not including gold obtained or contained in old jewellery, etc.), 260 z. NATIONAL TIMBER COY. The accounts of the above company for the year ended March 31, show a net profit of £3541, against £l3lß for the previous year, and a loss of £4506 in 1933. The directors recommend a final dividend of 2i per cent, make 5 per cent, for the year, compared w’ith 2J per cent, paid in 1934. Directors fees absorb £350 and £252 is carried forward against £561 brought into the accounts. The report states that the general improvement mentioned last year has been more than maintained. The prospects appeared satisfactory provided the demand kept at its present level.

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.34 p.c. Inscr., 193852 — 108 15 0 3S p.c. Inscr., 193952 107 0 0 — 4 p.c. Inscr.. 193740 104 17 6 — 4 p.c. Inscr., 194346 and Bonds, 1943-46 108 0 0 108 7 6 4 p.c. Inscr., 195255 112 0 0 — 4 p.c. Bonds, 193740 105 0 0 — 4 p.c. Bonds, 195255 113 0 0 — Rural Bonds . . . 102 0 0 — Banks— Australasia .... — 10 19 0 Comm, of Aust. 0 15 7 0 15 8 Comm. of Aust. (pref.) — 9 16 0 Comm, of Sydney 17 7 6 17 12 6 E., S. and A. . . . 5 1 0 — National of A/asia (£10 paid, cum div.) 12 13 6 12 18 0 National of A/asia (£5 paid, cum div.) 6 1 0 6 5 0 National of N.Z. . 3 6 0 3 7 6 New South Wales (cum div.) . . . 30 17 6 31 2 6 New Zealand (cum div.) 2 10 9 2 11 1 New Zealand (‘‘D’’ Mort. shares) 1 13 7 1 14 2 Reserve 6 12 6 6 13 0 Union of Aust. . . 8 14 0 8 16 6 Insurance — A.P.A — 1 1 6 National (ex div.) — 1 1 5 Standard 3 12 9 Loan & Agency— Dalgety and Co. (cum div.) . . . 8 5 0 8 6 6 Goldsbrough Mort. 1 10 10 1 11 3 N.Z. Guarantee Corporation . . 0 5 6 0 5 8 Jnite'd Building Society .... 1 1 8 1 2 6 Shipping— P. and O. Deferred Stock — 1 2 0 Frozen Meat — N.Z. Refrigerating (10/- paid) . . 0 8 11 0 9 2 Woollens — Bruce 0 13 0 — Kaiapoi (7/- paid) 0 b 0 — Kaiapoi (pref.) . . 0 17 7 Coal— Westport (c. div.) 1 1 3 — Stockton (ord.) 0 1 8 0 Stockton (pref.) . 0 4 0 0 5 0 Gas— Christchurch . . . 1 16 6 1 17 6 Christchurch (10/paid) 0 17 9 0 18 6 Timaru Breweries— New Zealand . . . 2 15 1 2 15 2 Staples 1 12 3 — Timaru (7/6 paid) 0 7 10 — Tooths 2 a 3 2 12 6 Miscellaneous — Amalg. Wireless (contr.) .... 1 17 9 2 2 6 Anthony Hordern 0 18 7 0 18 10 Australian Glass . 3 2 0 — Aust. Iron & Steel (pref.) 1 2 8 1 2 9 Beath and Co. . . 1 9 3 1 10 6 Beath and Co. (1/paid) — 0 9 3 British Tobacco 1 18 11 1 19 Broken Hill Proprietary (ex d.) — 2 16 6 Claude Neon (Syd) — 2 12 0 Consolidated Brick 0 8 8 0 9 0 D.I.C. (pref.) . . . 1 5 6 — Dominion Builders' Supplies .... 0 5 9 0 8 10 Dom. Fertiliser (c. div.) 1 2 5 — Dunlop Perdriau Rubber .... 0 16 10 0 16 11 General Motors— Holden’s (pref.) — 1 2 6 Gordon an 1 Gotch 2 5 6 2 10 0 Henry Jones Coop. (cum div.) . 1 15 6 1 16 6 Hays, Ltd. (15/paid) — 0 16 6 Howard Smith . . 0 14 6 — Kauri Timber . . 0 19 10 0 19 11 Imperial Chemical industries . . . 2 2 0 2 5 0 Metters (N.Z.) Ltd. 0 5 0 — N.Z. Drug Co. . . . 4 0 0 — N.Z. Farmers 5 Co-op. <ii p.c. Stock, 1940) . . 81 10 0 82 10 0 N.Z. F a r m e r s’ Co-op. (4* p.c. Stock. 1945) . . 81 0 0 — N.Z. Farmers’ Fertliser .... 1 0 5 1 1 0 N.Z. Newspapers (cum div.) . . . — 2 N.Z. Paper Mills (cum div.) . . . 1 14 6 1 15 Otago Daily Times — 2 12 6 Quill Morris (in liquidation) . . 0 4 8 0 5 Robinson Ice Cream 1 5 0 — Sun Newspapers . 0 5 9 0 6 1 Victoria Nyanza Sugar 0 5 0 — Taupo Totara Timber (16/- paid pref.) — 0 15 0 Wilson's Cement (cum div.) . . . 1 15 10 1 18 0 Wool worths (N.Z.) ord 11 2 6 11 7 6 Woolworths (N.Z.) pref 2 0 0 i 6 Woolworths (Vic.) pref 1 8 6 1 10 0 Mining— Alexander 0 15 0 0 18 9 Alexander (15/paid) 0 13 9 0 14 11 Bell Hooper .... 0 0 04 0 0 1 Bendigo Goldlights 0 1 0 0 1 1 Big River .... 0 2 3 0 2 4 Blackwater .... 1 10 6 1 13 0 Brian Boru .... 0 0 3 0 0 4 Bulolo 8 15 0 — Central Shotover . — 0 0 3 C!'"~leston .... 0 0 5 0 1 6 Gillespie’s Beach . 0 1 5 0 1 GS Deep Lead . . . — 0 2 04 Golden Dawn . . 0 2 3 0 2 7 Golden Point . . 0 0 O4 0 0 li Golden Sands . . 0 2 3 — Goldfields Dredging 0 0 44 0 0 5 Goldfields Dredging 0 0 44 0 0 5 Kildare 0 3 2 0 3 5 King Solomon . . 0 4 0 0 5 0 Lawson’s Flat . . . 0 0 3; 0 0 45 Mahakipaw r a . . . — 0 0 8 Mahakipava (pf.) 1929 issue . . . 0 0 6 0 1 1 Mahakipawa (pref.) 1930 issue . . . 0 0 6 0 1 0 Maori Gully . . . 0 1 7 0 1 8 Mining House Concessions .... — 0 0 14 Moonlight Nelson Creek — 0 0 14 Mossy Creek .... c 2 5 0 2 64 Mount Lyell . . . 0 19 11 1 0 0

Mount Morgan . . 1 17 0 1 18 3 Nevis Diesel Elec. 0 0 1 0 0 1J Nokomai 0 1 0 — North Broken Hill — 6 1 0 North Kargurli 1 3 6 1 6 6 Okarito Placer Develop0 5 10 0 6 1 ment 1 7 0 — Rawang Tin . . . 0 7 0J — Skippers 0 0 2 0 0 3 Stafford Sluicing . — 0 0 11 Waihi (cum div.) 2 2 0 2 2 9 Worksop Extended 0 2 4 0 2 8 Waimumu .... Unlisted Stocks 0 1 0 All transactions in stocks quoted in this section are subject to a different rate of brokerage from Listed Stocks and are not quotec List. on the Official Buyers. Sellers. Andersons Ltd. £ s d. £ s. d. <pref.) .... Associated Motor0 17 6 ists Petrol (pf.> 1 4 7 — Ben Ledi .... — 0 0 65 Barrytown .... 1 0 0 1 1 0 Argo Gold .... Bullcinch Syndi- — 0 1 6 cate £10 paid . 40 0 0 90 0 0 Jones Nevis .... Dr. M c B r i o e’s Manuf. Co., Ltd. 0 0 7-i 17/6 pd — 1 5 0 Macetown .... N.Z. Mining In0 1 1 vestment .... N.Z. Perpetual 0 0 105 Oil Forests 0 2 6 0 2 7 N.Z. Woolpacks . . New River (7 id 0 17 0 paid) Para Rubber (15/0 0 6 paid) Regent Theatre 0 15 6 Building .... 0 5 0 0 7 6 Smith Wylie . . . — 0 8 11 Snowy River . . . UpDer Watut (2/0 0 01 0 0 2 paid) 0 4 7 0 5 2 Temuka Flour . . . White’s Electric 110 (6d paid) . . . Were's Investment — 0 0 5 Trust ..... Woolworths (Syd.» 0 4 6 ord. 4 7 6 4 9 0