COMMERCIAL.

Star (Christchurch), Volume LXVI, Issue 20223, 6 February 1934, Page 8

COMMERCIAL.

Quotations on Stock Exchange. CHRISTCHURCH. Sales on ’Change. X Z Ov' 1 ’ * p c * lnscr - 1940, £lOl 15s Bank of Australasia. £l3 ss. K., S. and A. Bank. £5 16s fid. Bank of New South Wales (cum div.) f New Zealand Breweries. 40s lOd Tooheys Brewery. 2 7s 6d (2). Electro. Zinc (ord.). 27s *>?« *>d Mount Lyell, 25s fid. Consolidated. 19s fid. King: Solomon. 4s Id, 4s Old Mount Morgan, 77s 6d. Sales Reported. Bank of Xow Zealand, 50s 9d Humber of Shares. £9OO X.Z. Government. 25 Bank of Australasia. 50 K., S- and A. Bank. 5 Bank of New South Wales (cum 50 X.Z. Breweries. 200 Tooheys Brewery. 200 Electro. Zinc (ord.). ino Mount Lyell. 50 Consolidated. 300 King Solomon. 100 Mount Morgan. 100 Bank of New Zealand. Following are to-day’s quotations: Buyers. Sellers, f s. d. £ s. d. X.Z. GOVT. STOCK—--4 p.c. Inscr., 1938 101 15 0 101 17 6 4 p.c. lnscr., 1949 102 0 0 102 12 6 4 p.c. lnscr., 1955 101 5 0102 0 0 4 p.c. Bonds, 1940 101 12 6 4 p.c. Bonds, 1946 102 0 0 4 p.c. Bonds, 1955 101 5 0 OTHER DEBENTURES—-

OTHER EXCHANGES. t'vt Presa Association. Sales on Change—New Zealand Re-frog-rating (paid>, 18s 6s, ex div. lieportcd sales—K., S. and A. Bank, 116 s; Southland Frozen Meat (paid) 68s, cont. 345; King Solomon, 4s Id; Mount Lyell, 25s 7d. Unlisted—Skippers, 7 £d. AUCKLAND, February G. Sales—National Bank, £4 ss; National Insurance, 18s Sd; Grand Junction, 4s 9d; Government stock, 1946 £lO3 ss, 3949 £lO2 10s; Commercial Bank (pref-). £9 3s; Bank of New Zealand. £2 10s fid; A.P.A. Insurance, lls; Farmers' Auctioneering (A pref.). 20s 6d; Goldsborough Mort, £1 14s 3d; Auckfiland Gas (ord.), 245; Gear Meat. 245; Wilson’s Cement, £1 7s lOd; Bell Kilgour, lid: King Solomon, lOJd; Mount Lyell, 4s Ud; Woowortb s. £1 5s 6d: Woolworth’s (pref.), £1 17s; Amalgamated Brick, £93. AUCKLAND BUSINESS. (Special to the ’* Star.”) AUCKLAND. February 6. There has been a slight improvement on the Stock Exchange, and since last report a fair number of sales have been put through. in the banking section. New Zealands were in demand at the first, call with buyers at 50s and holders asking- Is higher. A’asias, too, were firm and buyers advanced tlieir offers to £l2 3 7s. Mining shares attracted special attention, and there were buyers for Waihis at 30s 6d. l'or Blackwaters at 375. and for Consolidated Gold at 19s fid. Government stocks were in good demand at full late rates, and 4 per cents were placed at. higher figures. Much business was done or reported at the noon call. An ex-dividend sale of Auckland Gas was at a higher figure than the cum dividend. The ex dividend sale was 245, while the cum dividend transaction was at 23s lid. Buyers are now offering 23s 9d, a penny ahead of this morning, with holders at 24s 4d. 2d below this morning. A sale of Goldsbrough Morts took place at 34s 3d. which was a drop of 2s »d on the last sales. Considerable interest was shown in mining shares, sales taking place of 801 l Kilgours, King Solomons, Mount Lyells and other lines. There was little change, though the tone was brisk.

LATE SALES YESTERDAY. Christchurch. Sales on 'Change—£6ss Inscr. 34 p.c., 1938-52 (odd lot). £101; £250 Inscr. 4 p.c., 1940, £lOl 12s fid: £275 lnscr. 4 p.c., 1955 (odd lot), £lOl 10s; 200 N.Z. Refrig. (£1 paid, ex div.), ISs fid, 1 Ss sd; 200 Toohey’s Brewery. £1 6s 9d (2): 100 Electro. Zinc (ord.), £1 6s lid; 250 Waihi. £1 30s fid (3). Sales reported—£soo Inscr. 3 4 p c., 1938-52, £IOO 12s 6d; 100 Bank of Now Zealand. £2 10s fid; 200 A.P.A., lls Id; 150 N.Z. Refrig. (£1 paid), ISs lid. Auckland. Sales on ’Change—lnscribed. 4 p.c., 1940, £lOl 10s; Amalgamated Brick (Auckland) 74 p.c., 194 4, £93- Commereial Bank of Aust., 17s 11d; National Bank of N.Z.. £4 5s 6d; A.P.A., lls Id; National Insurance, 18s Sd; Renown Collieries (new pref.), I0d; Westport Coal, 15s; Auckland Fire Board, 6 p.c., 1939, £lO2 ss; Jluddart-Parker (pref.), £1 6s; N.Z. Breweries, £2 0s 3d; Fanners’ Trading, 3s 9d: Bell Kilgour, 10Jd; Blackwater. £1 15s; Maerewbcnua, 104 d; Talisman Dubbo, 6s 3d; Grand Junction, 4s 9d; Mount Lyell, £1 5s 6d; Gillespie’s Beach, 2s sd. Unlisted—lnvestment Executive Trust B, £102; Goldfields Dredging, Bid. Wellington. Sales reported—lnscribed, 4 p.c., 1 940, £lOl 15s. £lOl 12s 6d: Bank of N.S.W. (late Saturday). £33; Wellington Invest. T. and A., 7s; Bril Kilgour (late. Saturday), 10d; Consolidated Goldfields, 17s. Dunedin. Sale on ’Change—E., S. and A. Bank, £5 16s. Sales reported—Southland Frozen Meat, £3 7s 6d; King Solomon, 4s Id. AUCKLAND GAS COMPANY. A decrease in revenue and also in working expenses, excluding rates and taxes, was announced by the chairman of directors (Sir George Elliot) at the annual meeting of the Auckland Gas Company. Receipts from the sale of gas and residuals, together with the balance of various accounts, amounted to £392.051. “This sum is £13,337 less than receipts of previous years, and represents a shrinkage of 3.28 per cent.” said Sir George. “ Actually the revenue from gas has declined by £1829. a reduction of .52 per cent and an amount which is not surprising in view of the general depression pi*evailing. The balance, after writing off the full amount allowed by the Income Tax Department for depreciation, in £71,979 Is 7d. Tt is proposed to allocate £IO.OOO of this sum to the income tax reserve account, to pay the same dividend as that of last year—s 4 per cent per annum, 23 per cent of which wan paid as an interim dividend—and to carry forward the balance of £lO5 14s 7d to next year’s account.” OVERSEAS MARKETS. The Department of Agriculture has received the following cablegram, dated February 3. from the High Commissioner for New Zealand, London: Tallow.—The market was quiet at auction. A total of 594 casks was offered, of which 194 were sold. Present spot quotations are: Beef, sweet and (or) mixed, 22s to 22s 9d; dark to dull, ISs to 19s 3d; mixed, dark to dull, 17s 6d to 19s 3d; gut, etc., 17s 6d to 19s 3d; others unchanged. Hemp.—Manila: The market is quiet but firmer at the close. K grade, for April and March-Mav shipments, value £1 4 32s 6d. Sisal: The market is quiet. No. 1 grade for March-May shipment sold at £l6 ss. Closing value for Februar.v-A pril shipment £l6. New Zealand- The market is quiet and nominally unchanged. Shippers are not offering and no first hand sales are reported. _ Peas.—Maples: The market is quiet. Value of A grade Tasmanian for MarchMay shipment 43s 6d. No. 1 New Zealand 42s 6d. Bines: More inquiry for colonial, but tendency easier at the close. Sellers Tasmanian for Febru-ary-March shipment £l2 10s. Nominal value of new crops New Zealand is £l2 ss. Apples.—Supplies continue heavy. Dessert: Prices generally maintained. Cooking: Slightly weaker. Oregon Newtowns, 8s 6d to 14s 6d; British Columbia Newtowns, 9s to lls 3d: Washington Jonathans. 12s to 12s 6d: British Columbia Jonathans, 9s 3d to 12s: British Columbia Delicious, 10s 6d to 13s 6d. Pears.—Supplies are decreasing, and prices are rising. American Winter Nelis, lls to 14s.

The fact that yachting was one of the few sports in which New Zealand did not have representation at the Olympic Games was mentioned by Captain W. J. Keane, of Wellington, when replying to the toast of “ Visiting Yachtsmen ” at a gathering at the Pioneer Sports Club’s roems last evening. Representation should be pressed for, said Captain Keane, for he was sure that New Zealand yachtsmen would give a good account of themselves. !

Eastbourne Borouen. 4j p.c.. Eastbourne Borough, 44 p.c.. 1-12-41 Rotorua Borough, 6 p.c., 1-7-61 . . 102 10 0 Ohakune Borough, 6 p.c., 1-4-4 4 Ch.Ch. City 44 p.c-., 1-11-36 103 0 Ch.Ch. Iranis 4 4 p.c., 1-10-34 102 0 Westport-Stoekton 64 p.c., 1038 .. 97 10 0 BANKS— Australasia 13 6 13 15 0 Comm, of Aust. . . 0 17 8 0 Comm. of Aust. (pref. I 0 C omm. of Sydney 1 7 1 3 0 K., S. and A 16 6 National of N.Z. . 4 4 0 New South Wales 33 5 New Zealand .... 1 0 6 2 0 Union of Aust. . . y IS 6 10 0 6 INSURANCE—A.P.A 11 1 National 0 IS 3 New Zealand (cum div.) 2 IS 6 2 Standard 3 1 6 LOAN AND AGENCY— Dal fret y and Co. . 10 6 Ch ch Building Society 30 17 6 11 0 Goldsbrough Mort. 1 1 4 6 Mutual Benefit 10 n National Mortgage “A” (cu m div.) 3 1 0 3 N. Z. Guarantee C orporation . . 0 S 1 0 . N.Z. Loan and Merc. (ord. stk.) 63 2 Permanent Investment S 10 0 Society 0 19 4 1 1 0 SHIPPING— P. and O. deferred stock 1 Union (pref.) .... FROZEN MEAT— < antcrbury N.Z. Refrig. (10s paid) 0 S 4 n N.Z. Refrig. (£1 paid) 0 IS 0 North Canterbury Freezing .... Southland (-cum div.) 3 7 6 WOOLLENS— Kaiapoi (17s pd.) o Kaiapoi (pref.) . . 0 Mosgiel 0 Wellington 5 10 6 5 1 4 0 COAL— Grey Valley .... Westport 0 Stockton (ord.) . . Stockton (pref.} . 0 2 o 0 GAS— Auckland (ex. d.) Christchurch (c. div.) 1 o Christchurch (10s paid, cum div.) . 0 14 6 0 14 BREWERIES— New Zealand . . . - Staples Timaru Timaru (7s 6d pd.) Tooths 2 3 2 4 6 MISCELLANEOUS—■ Australasian Paper and Pulp Allied Motors Anthony Hordern Aust. Distillery Aust. Cement . .. Aust. Iron and Steel (pref.) .. Beatli and Co. . . . B< ath and Co. (Is paid) Booth, Macdonald British Tobacco . Broken Hill Propty. Burns, Philp Colonial Sugar . . 62 I>om. P'ertiliser . Dunlop Rubber . . Electro. Zinc (ord.) Electro. Zinc (pf.. cum div.) Greater Crystal Palace Henry Jones Co-op. g Howard Smith . . n Morris Hedstrom . Mil burn I.imc . . i Moturoa Oil .... Mount T.yell .... N.Z. Orug Co. . . 3 N.Z. Farmers’ Coop. (1st pref.) . 1 N.Z. Farmers’ Coop (R pref.) .. . N.Z. Farmers’ Coop. (44 p.c. Stk., 1940) 70 N.Z. Farmers’ Coop. (4.4 p.e. stk., 1943 and 1939) . N.Z. Farmers’ Fertiliser N.Z. Paper Mills . 1 S 0 New Zealand Newspapers . . 1 to 0 1 Wilson’s Cement . 1 7 9 Wool worths (N.Z.) (pref.) 1 16 3 Wool worths (N.Z.) (ord.) 5 2 6 MINING— Addison s Flat . . 0 Alexander Alexander (13s 6d paid) 0 15 0 Aotearoa 0 Bell Hill 0 Bell Hooper (is paid) 0 Bell Kilgour .... 0 0 Big River 0 Blackwater 1 Brian Boru 1 3 6 1 Central Shotover (9d paid) 0 0 9 0 1 Charleston 0 1 3 Consolidated 19 7 0 19 Lreshford 0 0 2 0 Gillespie’s Beach . 0 2 2 Glenroy (6d paid) 0 0 5 Golconda (8d pd.) 0 0 1 0 Golden Dawn 0 1 5 0 Golden Point .... 0 0 3 0 Golden Sands . . . 0 2 7 0 3 0 Iving Solomon 0 4 0i 0 4 1 Lawson’s Flat . . 0 0 2 0 0 Maewhenua 0 0 104 0 0 Mahakipawa .... 0 0 2 Mahakipawa (pf.) 0 0 2 0 0 Matafci 0 1 Mining House Concessions .... 0 0 24 0 0 Mount Morgan . . 3 15 0 3 New Cornish Point (1 s paid) .... 0 1 14 New Cornish Point (pd paid) .... 0 0 74 0 0 9 Nokomai 0 Okarito 0 9 0 0 9 4 Rowang Tin .... 0 6 6 0 6 Wajhi 1 10 6 1 10 1 1 Waihi G. Junction 4 R Waitahu 0 o 6 0 5 9

Upper Shotover (9d paid) .... 0 1 *7 0 1 S enlisted 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 th* 1 Official List: Buyers. »t*ll<rfs. £ s. d. £ s. d. Andersons. Ltd (peer.) ■ 0 15 o ft IS 0 Claude Neon Lights 2 6 5 2 12 o Goldfields Dredging 0 0 71 0 0 SJ Ueep Lead. Ltd (2s paid) 0 4 c, Majestic Theatre 0 10 Moonlight Nelson Creek (Is paid) . 0 10 National Tobacco 2 8 0 3 11 0 N.Z. Mining Invest. 0 10 N.Z. Perp’l Forests 2 6 0 Para Rubber (Lis Paid) 0 16 0 Regent Pictures (Christchurch) 0 10 0 0 15 o Skippers, Ltd. (9d paid) 0 0 7 0 ft 8 Smith, Wyllie .... 0 12 5 Snowy River .... 0 0 1 ft o 4 Sun Newspapers . . 0 4 6 0 5ft Tru-Color Films <12* paid) 119 Warners, Ltd Too Were** Invest. Trust 0 4 6 0 4 S Wool-worths (Vic.) (pref.) 17 0 Worksop Kxtended (9d paid) 0 0 S 0 0 9J