COMMERCIAL.

Star (Christchurch), Issue 19258, 20 December 1930, Page 2

COMMERCIAL.

STOCK EXCHANGE. CHRISTCHURCH. Following are t.o-daj’s quotations:— Buyers. Sellers.

Sales on 'Change—Comm. Bank of Aust., 16s Id (2), 16s (2); Dalgety and Co., £6 30s (4); N.Z. Refrig. (10s paid). Is 3d: New Zealand Breweries. 3Ss 6d (2); Mount Lyell. ISs (2), 17s lid; Mahakipawa, Sd (2). Sales reported—Bank of New South Wa7.s, £2B 7s 6d: . Goldsbrough Mort., ISs 4d; . Mount Lyell, ISs Id (2). Number of Shares. 400 Comm. Bank of Aust. ' 4 Bank of New South Wales. 125 Dalgety and Co. 300 Goldsbrough Mort. 100 N.Z. Refrig. (3 0s paid). 200 New Zealand Breweries. 500 Mount Lyell. 800 Mahakipawa Goldfields. OTHER EXCHANGES Per Press Association. AUCKLAND, December 20. Sales completed at to-day’s call: Bank of New South Wales, £2S 10s; Goldsbrough Mort, I.Bs 6d; Robinson Ice Cream, 21s 6d; Taranaki Oil, 3s 2d. WELLINGTON, December 20. Reported Sales.—4£ per cent Government Stock, 1938 and 1939. £92 2s 6d; 51 per cent Stock, 1933, £99 10s; Taranaki Oil, 3s. AUCKLAND BUSINESS. (Special to the “ Star.”) AUCKLAND, December 20. A fair number of sales were recorded on the Exchange after noon yesterday, but bidding was again quiet at this morning’s call. Commercial Banks eased with sellers at 16s Id, and New South Wales, after a sale at £2B 10s, were still on effer at £2B 15s. The report from Waitangi directed attention to Taranaki Oils, and a parcel changed hands at 3s 2d. Consolidated Bricks were offered at 14s. In Government stocks, a parcel of tax-free (1939) was available at £9S. PROPERTY SALES REPORT. Messrs Ford and Hadfield, Ltd., have to report having effected the following sales of property:—On account of Mr Dent, his building section situated May’s Road, Papanui, to a client; on account of Mr L. Hudson, his building section situated Matipo Street, Riccarton, to Mr Barlass; on account of Mr A. Heron, his residential property situated Tuam Street, Linwood, to Mrs Brown; on account of Mr A. H. Reynolds, his residential property situated Cox Street, • Merivale, to a client; on account of Mr R. Watt, his bungalow property situated Wyon Street, Avonside, to Mr Anton; on account of Mr Barlass, his bungalow property situated Taramea Street, Spreydon, to a client; on account of Mrs E. Davis, residential property situated. Avon Street, City, to Mr C. Eastmond (in conjunction with Jones, McCrostie Co., Ltd.). Messrs Ford and Hadfield, Ltd., also have to report that following upon their having offered for sale by public auction the undermentioned properties, having sold same by private treaty:—On account of the trustees of the late R. J. Gillies, residential property situated Bealey Street, St Albans, to Mrs Kempthorne; on account of Mrs A. Thomson, shop and dwelling situated Stanmore Road, to Mrs E. M. Smith; on account of Mr J. S. Tolerton, his property situated McFadden’s Road, and comprising 22) acres of land, together with residence thereon, to Miss A. and Mr J. Turnbull. There has also been quite a keen demand for houses to rent, and the leasing of a- number of properties, both unfurnished and furnished, has been arranged. 6

COMPANY AFFAIRS.

N.Z. Loan and SCercantlle Agency Company. The thirty-sixth report of the New Zealand Loan and Mercantile Agency Company, Ltd., is as follows. It covers the year ended June 30:— After paying interest on the first and second mortgage debenture stocks, making provision for bad and doubtful debts ahd other contingencies, there remains a balance of £76,550 11s 3d, to which has to be added the amount brought forward from last year, viz., £58,412 3s 3d, making £134,962 14s 6d The interim dividends of 2i per cent on the 5 per cent prof, stock, 2 per cent on the ord. stock and dividends for twelve months on the 6£ per cent cumulative second pref. stock absorbed £77 500 leaving a. balance of £57,462 14s 6d. The directors recommend:—A final dividend of 2i per cent on the 5 per cent cumulative pref. stock (less income tax at 2s in the pound), £25,000; a final dividend of 2 per cent (less income tax at 2s in the pound) on the ord, stock, making 4 per cent for the year, £20,000, leaving to be carried forward £12,462 14s 6d. Mr W. W. Paine and Lord Ritchie, of Dundee, retire from office as directors in terms of the articles of association, re eleerof eli^ible » offer themselves for

£ s . d. £ .s. d. N.Z. GOVT. STOCK 4i p.c. Inscr., 1938 96 15 0 1 ? 4£ p.c. Bonds, 1938 97 0 0 5i p.c. Bonds, 1933 and 1936 99 OTHER 3i)EBENTURES Gisborne Borough 5J p.c., 1946 .. 96 10 0 Drainage 55 p.c., 100 0 Chrstchuroh Trams 5jb p.c., 1944 . Hospital Zh p.c.. Gisborne Sheep 7 h J » u P.c., 1931 Booth Macdonald «J p.c.. 1932 BANKS— Aust. of Commerce Australasia .... Comm, of Aust. . . 0 Comm. of Aust. (pref.) 33., S. and A Comm. c.f Sydney Natl. or A’asla (£10 paid) .... 10 10 0 11 5 0 (f5 paid) .... r r Natl, of New Zealand (cum div.) New South Wales New Zealand .... Union of Aust. . . INSU RANGE— A.P.A National Standard LOAN AND AGENCY Dalget.y and Co. . . Goldsbrough Mort. 0 3 FROZEN MEAT— 0 6 11 N.Z. (10s North Canterbury U 1 0 Breezing .... COAL— (pref.) Christchurch (10s paid) BREWERIES— Carlton Monteiths New Zealand .... Timaru Tiinaru <5s paid) Toohevs Tooths M PSCELL A NEOUS— Allied Motors Beath and Co Beath and Co. (Is paid) 0 (cum div.) .... Propty Burns Philp .... Rubber Holden’s Motors . Mount Lyell .... 0 1 7 ! 0 N.Z. Drug Co 11 N.Z. Fanners’ Coop. 6£ p.c. Stic., 1940 and 1945 . . N.Z. Farmers’ Co1939 North Canterbury Co-op. Flour 0 Quill Morris Taranaki Oil .... 0 United Pictures . . W hitcombe and Tombs W underlich .... MINING— Cornish Point King Solomon Mahakipawa .... 0 0 Okarito Winding Creek (Is paid) 0 0 Winding Creek (9d paid) 0 i 0 0 2i