COMMERCIAL.

Star (Christchurch), Volume LXVI, Issue 20298, 7 May 1934, Page 8

COMMERCIAL.

Quotations on the Stock Exchange.

. CHRISTCHURCH. Sales on ’Change. 20 Natl. Bank of A'asia (£lO pd., cum div.). £l3 4 s. 200 British Tobacco. 37s 3d (2). I 1000 Bel 1 Kilgour, 6d (2). 500 Brian Boru (Is pa s d). Is IOJd (2). i> 100 Mahakipawa, BJd (2). I 300 Rawang Tin. 0s 4Jd (3). 200 Mount Lyell. 23A 5d (2 >. Sales Reported. I 10 Union Bank of Aust., £lO Is. I 100 Black water, 335. Following are to-day's quotations:— Buyers. Sellers. £ s. d. £ s. d.

OTHER EXCHANGES. t'tt i' ittss Association DUNEDIN. May 7. Sales on 'Change.—Mount Lyell, 23s 6d. , Sales Reported.—Bruce Woollen (pref.). 21s; Dominion Rubber. 24s pd date, Saturday). After call: Bell Kilgour. sfd (2) 1 WELLINGTON, May *. Sale on ‘Change.— 4 per cent Government stock, 1940. £lO5. AUCKLAND, May .. Sales—Commercial Bank. 16s lid; Pukemiro, 245; Electrolyte Zinc. 26g 6d ; Blaekwater, 32s 9d; New Zealand Insuranace, tiOs; South British, 7Ss; Government Bonds, 1955. £lO5 ss: Auckland City, 5J per cent, 1957, £lO5 10s. AUCKLAND BUSINESS. (Special to the “ Star.”) AUCKLAND. May 7. The fresh week opened quietly on the Stock Exchange and three sales were I recorded at the first call. There was a fair d- mand in the banking section. New Zealands were asked . for at 50s 9d, with sellers standing at 51s 6rf. The coal section again altract- , ed attention. After another sale at ) 245, sellers of Pukemiros raised their reserves to 20. ,c . Northern Roller Mill shares were wanted with 30s offered for ordinaries . and 22s 6d for prefs.. both gilt edges. The mining sections were steady at * week-end quotations. Business became acti\ , e during the S morning, and a good list of sales was reported at noon. There was a further , rise in Government Bonds and City of Auckland 5 1 per cent debentures made ■. a substantialadvan ce in the first sale for some time. Values generally were , firm, with a good demand. WELLINGTON. May 7. Sales—Midday call. 4 per cent Govt. ) Stock, 1 949, £lO4 10s: Mining House , Concessions, 5j per cent: pukemiro Coal, ■ 24s 3d. LONDON WOOL SALES. • The Bank of New Zealand has received the following advice from its London office under date May 4:— Compared with the opening of the sales, competition and prices have gen- • erall.v improved. Current quotations:— Merinos—Super 60-64‘s, 20d to 22d per lb: ordinary 60-64’s, 17Jd to ISJd; inferior 60-64’s, 13Jd to 3 4 id. Half-breds —s6’s, 16d to 17d; 50-56’s, . I2d to 13d. Cross-breds—so s. 9*d to OOd; 4S-50*s. ; ssd to 9id; 46-48’s, 8d to 4-46's. 7Jd to Sd; 40-44’s, 7d to 7Jd; 36-40’s, 1 6Jd to 7d. BRIAN BORU DREDGE. OREYMOUTH. May 7. The Brian Boru dredge weekly return ( is: 620 x sdwt for 107 hours’ working. NORTHERN STEAMSHIP CO. (Special to the “Star.”) AUCKLAND. May 7. The accounts of the Northern Steamship Company fer the year ended March 31 show a net profit of £11,354 after providing for ordinary repairs but not dei preeintion. This amount, together with £40.000 from reserve, has been transferred to the depreciation account. Accompanying the report is notice of a resolution to be submitted to an extraordinary general meeting on May 31. that the capital be reduced from £217.500, divided into 300,000 shares of 14s 6d each, to £165.000 at 11s each, and that such reduction be effected by Cancelling capital which has been lost or is unrepresented by available assets to the extent of 3s 6d per share upon each of the 276,580 shares now outstanding and by reducing the nominal amount of all shares in the company's capital from 14s 6d to Us a share. OKARITO DREDGE. Per riess Association. DUNEDIN. May 7. The Okarito return was 240 z lldwts for 115 hours. The four-weekly report covering the period from March 25 to April 21 states that the gold won totalled llloz lldwts for 473 hours’ working. SHARLA ND AND CO. The directors of Sharland and Co., Ltd., have declared an interim dividend of 2i per cent on both ordinary and preference shares. Payment will be made on May 10. The dividend is at the same rate as last year, when payment of an interim dividend was resumed after a lapse of two years.

PEOPEETY SALES. Messrs Ford and Hadfield, Ltd., real estate agents and auctioneers. 131-133. Worcester Street, report having sold, on account of Mrs Rowe, her five-room-ed dwelling. together with approximately 1-acre of land, situated 57. Hawkesbury Avenue, St Albans, to a client. __________ 6

MINING— 0 16 0 Alexander (13s 6d 0 14 11 1 4 0 2 Bell Hooper (Is 64 Bell Kilgour .... 0 0 6 0 0 Bendigo Goldlights 0 0 0 y Big River 0 0 10 Black water .... Brian Boi u (la 1 12 9 1 15 0 1 10 li Deep Lead (Is Central Shotover (9d paid) .... 0 0 7 0 0 Charleston .... 0 1 3 0 16 0 0 IS Gillespie's Beach 0 2 0 0 2 l 0 6 Si Golden Dawn .... 0 0 2 Golden Point .... 0 0 2 0 0 U Goldfields Dredging 0 0 S 0 0 10 Golden Sands . . Hatter’s Flat (ts u 2 6 paid) . ...... 0 o 10 King Solomon 0 4 Kuala Kampar . . 0 15 3 Lawson s Flat 0 3 0 0 6 Maerewhenua 0 0 10J 0 0 3 1 Mahakipawa .... 0 o si o o 9 M a h a k i pa w a 4i Mining House ConCession (6d pd.) 0 Mount Morgan Nevis Diesel Elec1 New Cornish Point (Is paid) .... 0 1 New Cornish Point (6d paid) .... 0 0 4 0 0 7 Rawing Tin Upper Shotover 0 9 4 0 9 5 < fid paid) .... 0 15 0 Waltii Grand June0 Wetherstones Skippers. Ltd. (Is 0 1 0 0 2 0 Mount Lyell .... N Z. GOVT. STOCK 1 3 5 1 3 6 31 p.c. Inficr., 1938103 15 0 4 p.c. Inscr., 1940 and Inscr., 1946 lot 10 0 104 10 0 106 0 0 4 p.c. Bonds, 1940 104 10 0 4 p.c. Bonds. 1956 105 0 0 106 5 OTHER DEBENTURES Booth, Macdonald. 61 p.c.. 1937 . . • W.-Stockton Coal, 60 0 0 SO 0 61 p.c., 1938 .... 95 BANKS— 11 Comm. of Aust. Comm. of Aust. Comm, of Sydney 17 15 0 18 0 0 E. S. and A National of A’asia a 6 G 5 7 6 (£10 paid, cum 13 13 S National of A’asia (£6 pd.. c. div.) 6 7 0 Natl, of N.Z New South Wales 4 0 0 4 2 0 (cum div.) 33 0 0 33 2 6 Union of Aust. . . INSURANCE— 9 16 6 10 0 0 National (c. div.) 0 19 7 New Zealand .... 2 19 9 3 0 6 LOAN AND AGENCY— Christch’ch Building Society .... 32 10 0 D»algety and Co. 10 1 0 10 10 0 Goldsbrough Mort 1 13 2 1 13 9 Mutual Benefit . . 10 0 0 N.Z. Guarantee . . N.Z. Loan and 0 4 1 0 4 3 Merc. (ord. stk.) 53 0 C United Building . SHIPPING — 0 19 6 1 0 3 Huddart - Parker Northern Steam 1 12 0 (14s 6d paid) . . 0 6 6 FROZEN MEAT— Canterbury 9 5 0 10 0 0 N.Z. Refrigerating (10s paid) .... S 1 0 S 4 Wellington .... WOOLLENS— 0 5 6 Kaiapoi (7s paid) 0 2 4 COAL— . Stockton (ord.) 0 1 11 0 2 0 Stockton (pref.) GAS— 0 3 1 0 4 0 Christchurch .... Christchurch (10s 1 9 6 14 6 B RE W FRIES— Carlton 1 0 New Zealand .... 1 8 Melbourne Co-op. MISCELLANEOUS1 12 6 1 16 0 Associated Newspapers 1 5 3 Allied Motors .... Amalg. Wireless 0 2 10 0 3 1 (contr.) 1 4 9 1 10 0 Anthony Hordern A’asian Paper and 0 15 9 0 15 11 Pulp 1 A 6 1 15 Australian Gla.ss . Aust. Iron and 2 10 0 1 1 6 Beath and Co. . . Beath and Co. (is 1 11 3 0 7 11 British Tobacco 1 Burns Philp .... 6 4 D.I.C. (10s paid) Dominion Builders ° 0 Dunlop Rubber . . J Holden’s (pref.) Greater Crystal 0 14 3 0 Hume Pipe (Aust.) Moturoa Oil .... New Colosseum . . op. (1st pref.) . N.Z. Farmers’ Coop. (4J per cent Stock, 1940) 76 0 0 76 15 0 N.Z. Farmers' Coop. (4a P-C* Stk., 1945) 76 0 0 77 0 0 N.Z. Newspapers (cum div.) .... N.Z. Paper Mills 1 S 0 1 10 1 11 0 (cum div.) .... Northern Roller Rural Bonds .... 100 Wilson’s Cement . Wool worths (N.Z.) 5 15 6 6 5 0 Will cox Mofflin . . Unlisted Stocks. stocks quoted n to a d merer and are not quoted on the offle d. Andersons, Ltd. 0 17 0 0 (pref.) Ben Ledi <6d paid) i 0 15 (Is paid) Invest. Exec. Trust 0 5 95 0 Long Trail (2s pd.) 0 1 Mining Research . . 0 16 paid) Proeei a Bread (10s 14 0 0 17 paid) Smith. Wyllie .... 0 8 0 3 J 0 0 H 0 0 13; Stacey and Hawker (pref.) 1 0 f Sun Newspapers South Seas -Fishing 0 7 6

Vigilant Fire Alarm 014 Woolworths (Victoria) (pref.) . . 13 6 Woolworths (Sydney) (ord.) 5 10 0 5 14 0 Worksop Extended (Is paid) 0 1 6i