COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 208, 2 September 1931, Page 8

COMMERCIAL.

Quotations on Stock Exchange. CHRISTCHURCH. Following are to-day’s quotations:—

Sales on ’Change.—New Zealand Government 5J per cent Inscribed. 1937, £95 12s 6d, £95; Mount Lyell. 16s 9d; Golden Point (Is paid). Is 2Jd (two parcels). Sales Reported.—New Zealand Government 5jJ per cent Inscribed, 1933, £97 12s 6d; New Zealand Government 5i per cent Bonds, 1937, £95 15s. Number of Shares. £IOOO N.Z. Government 5J per cent Inscribed, 1933. £SOO N.Z. Government 5& per cent Inscr., 1937. £2OO N.Z. Government 5£ per cent Bonds, 1937. 100 Mount Lyell. 500 Golden Point (Is paid). AUCKLAND BUSINESS. (Special to the "Star”) AUCKLAND, September 2. At the morning call holders of tax frees were willing to sell at £97 15s, but the best offer to buy was at £94 los for 5£ per cents, the highest bid being £96 for both 33’s and 37’s. A parcel of 33’s was on offer at £99 and one of 37’s at £96 10s. New Zealand Insurance changed hands at £l 17s. the lowest level for a considerable period, after which buyers stopped at £l 16s 9d. OTHER EXCHANGES. Per Press Association. AUCKLAND, September 2. Sale—Farmers’ Feriliser, 10s; Bank of New Zealand, 44s 6d. Sales Reported—Commercial Bank. 13s 6d; Westport Coal, 23s 6d; Bank of New Zealand, 44s 3d. DUNEDIN. September 2. Sale Reported—Bank of New Zealand, 445. A 810 INSUBANCB GROUP. A group of three companies has been registered in Sydney, with an aggregate capital of over £12,000,000. The main company, the Britannia Insurance Company, Ltd., has a capital of £12,000,000 in 1,200,000 shares of £lO each, while the other two companies, the Britannia Trust Company. Ltd., and the Imperial Investment Company, Ltd., have capitals of £IO,OOO and £SOOO respectively. Mr J. M. Wilcox, who is acting as agent for the companies, stated that he was not yet at liberty to disclose the names of his clients. They were, he said a group of British financiers, who believed that there were opportunities for the profitable investment of capital in Australia. A large portion of the authorised capital of the Britannia Insurance Company, Ltd., Mr M llcox added, had already been subscribed by them, and the company was expected to commence operations within a few weeks. The other two companies would act as subsidiaries.

Buye 'S. Sellers. £ s. d. £ d. N.Z. GOVT. STOCK— 45 p.c. Bonds, 1938 15 0 5* p.c. Iuser.. 1937 94 0 5i p.c. Bonds. 1937 94 0 0 15 5J p.c. Inscr., 1951 96 0 OTHER DEBENTURES Glaxo, 6i p.c., 1945 86 0 0 BANKS— Aust. of Commerce 0 12 8 0 13 Australasia (cum - 15 0 Commerce of Aust. 0 13 Commerce of Aust. 5 11 6 5 Comm, of Sydney E., S. and A 3 10 0 Natl, of New Zealand 3 fi 0 New South Wales 24 5 0 New Zealand .... Union of Aust. .. 6 10 o 0 INSURANCE— National 0 12 3 0 12 6 New Zealand .... 1 15 South British .... 2 10 0 LOAN AND AGENCYDalgety and Co. 5 10 0 Goldsbrough Mort IS 9 United Building 0 FROZEN MEAT— N.Z. Refrigerating (£1 paid ) .... N.Z. Refrigerating (10s paid) .... 0 GAS— Christchurch .... 1 3 Christchurch (10s paid) 0 11 10 Auckland (contr.) BREWERIES— Carlton 1 1 6 New Zealand .... s 10 2 Staples 1 6 0 Timaru (7s 6d pd) Tooths 0 17 0 0 17 3 MISCELLANEOUS— Death and Co. . . 1 0 0 3 0 Beath and Co. (Is paid) 0 0 0 2 8 Beath and Co. (pref.) 0 19 9 1 0 3 British Tobacco (cum div.) .... 1 3 0 1 Colonial Sugar . . 35 0 D.T.C. (10s paid) . 0 15 3 Electrolytic Zinc (ord.) Mount Lyell .... 0 16 8 0 N.Z. Farmers’ Coop. (6* p.c. Stock, 1940) N.Z. Farmers’ CoStock, 1945) .. 50 0 0 61 0 0 N.Z. Farmers’ Coop. (61 p.c. Stock, 1939) 49 0 0 56 Quill, Morris 0 7 0 Woolworths (N.Z.) (pref.) 1 6 MINING— Cornish Point .... 0 0 6 0 0 7 King Solomon 0 8 Mahakipawa .... 0 0 0 0 7i Mahakipawa 0 0 8* 0 10 Okarito 0 9 7 0 10 0 Waihi 0 16 0 Waihi Grand Junetion 0 3 7 0 4 paid) 0 1 1 3 Golden Point (lOJd paid) 0 0 HI Golden Dawn .... 0