ON ’CHANGE.

Star (Christchurch), Volume LXVI, Issue 20485, 11 December 1934, Page 9

ON ’CHANGE.

Breweries Again Rise. MARKET VERY STRONG. SALES LIST SHOWS MARKED IMPROVEMENT The sales list took a turn for the better this morning, and a substantial amount of business was put through, several dealings being made in issues which had had a long absence from active quotations. Prices generally were firm at late rates. Buyers appeared throughout for the 4 per cent Government issues, and sell ers came in in some places. Business was slack, however, though quotations were maintained at recent levels. Bank of Australasia, in their first dealings this month, registered an advance of 4s, and there were further buyers at the sales price of £ll ss, sellers going off the market. Reserve were steady from £6 10s 6d to £6 11s fid, and National of New Zealand (cumdividend), had buying requests at 72s 6d against sellers Is higher. A New South Wales seller came down 2s 6d below £32, but no business resulted. There were much freer quotations in the insurance section, with no sign of a diminishing demand. Sales in this division have been few in recent weeks, and those reported this morning—of South British at 96s—were the first in that issue since August 29, when the price paid was 84s. Further buyers today offerered 9os, sellers not coming on the market. New Zealand Breweries made another sharp rise, and after yesterday afternoon’s dealings at 50s, sold up to 50s 9d, with the demand still unsatisfied, and sellers asking sls 6d. Tooths w-ere strongly held between 50s and 51s 3d. Among miscellaneous issues, Amalgamated Wireless (14s paid) were again wanted at firmer rates than ever, buyers offering up to 40s, and sellers standing out for 5s more. British Tobacco again had dealings on a falling market, and after sales, there were more on offer at 41s 6d, buyers dropping 2d below. Dunlop Rubber had a w'eaker seller, and Electro. Zinc ordinary shares were on offer at 24s without buyers. New Zealand Paper Mills made 6d in their first business since October 8. In the mining section, ‘Mount Lyell were firm, King Solomon and Skippers remained unchanged; but Gillespie’s Beach dropped fractionally, and Mahakipawa were on offer at BJd. Worksop Extended had quotations from ?s 9d to 3s. In the unlisted section, Woolworths (N.Z.), Lid., ordinary shares again sold at 79s 3d.

SALES COMPLETED. The figures in the final column indicate. compared with last Christchurch sales: t a rise, - a fall, n.c., no change. THIS MOEZrXXTG’S CALL. Sales on 'Change—--25 Bank of A’asia, £ll/5/- .. J 14/50 N.Z. Brew, (ex div.), 50/9 . j t9d 50 Br. Tobacco (c. div.), 41/6 • -4d 100 N.Z. Paper Mills, 34/- .... I t6d 500 Gillespie’s Beach, 1/5 .... i —id 100 King Solomon, 3/9 ' n.c. 200 Mount Lyell. 17/10, 17/9 ’ | n.c. 800 Skippers, 7id, 8d ( n.c. Sales Reported—--200 South Brit. Insur. 96/- (2) J fl2/ Unlisted Stocks on 'Change—--50 W’lworths (Syd.) ord. 79/3 | n.c. THBEL O'CLOCK CALL YESTERDAY. Sales on 'Change. 200 Nat. Insurance, 21/7 (2) 1 nc. 100 N.Z. Brews, (ex div.), 50/- I f2d 500 Big River, 1/7 | n.c. 300 Mossy Creek, 1/9 j n.c. Unlisted on 'Change. 100 W’worths, Ltd (ord.), 79/3 I (2) ( -3d TO-DAY IN AUCKLAND. (Special to the " Star.”) AUCKLAND, This Day. Business on the Stock Exchange keeps up well, and a good list of sales was recorded at this morning’s call. In the banking section. Reserves retained recent firmness, and after a sale 6d higher, at £6 11s, the market stood between £6 10s 6d and £6 11s 3d. New Zealand* were quietly firm from 48s 6d to 48s 9d. A healthy demand existed for Government stocks, with more buyers than sellers and late quotations were maintained. In the mining division, sellers of King Solomons slipped hack to 3s lOd, and Waihis were quoted between 37s and 38 s. Broken Hill Proprietary shares were firm, with buyers at 53s and sellers asking Is 6d higher. Woolworths shares were all in keen demand, and for the parent company's scrip the market stood at 79s to 80s. with buyers of West Australian at £5 10 R and sellers at £6 The scrip of the New Zealand subsidiary company was quoted ex div. with buyers of the ordinary (£1 > at £B. and of the preference at 39s fid. OTHER EXCHANGES. Per Press Association, c , „ _ DUNEDIN, This Day. Sale Reported— Woolworths, Ltd., 80s (late yesterday). AUCKLAND, This Day. Consolidated Brick, 10s. Milne and Choyce (deb.), 19s 3d Electrolytic Zinc (ord.). 24s 4id. Bank of New Zealand. 48s 6d. 48s 90. New Zealand Insurance, 67s 9d. South British Insurance, 96s 6d. Reserve Bank. £6 11s. Bank of New South Wales. £3l 17s 6d. Colonial Sugar, £42 255. £43. Amalgamated Brick. 7J p. 0.. £lO2 10s. WELLINGTON, This Dav. Govt. 4 per cent Stock. 1955. £ll2. Kaiapoi Woollen (17s shares), 15s 7d. 15s 7id. Colonial Sugar, £43 2s 6d. YESTERDAY’S SALES. The following sales were completed in other centres yesterday afternoon:—.Auckland—N.Z. Bonds, 4 p.c., 1 946, £lO5 ss; National Bank of New Zealand, £3 12s 6d: Bank of New South Wales. £3l 17s fid: Bank of New Zealand. £2 8s 6d; Queensland Insurance, £3 14s fid: Northern Roller Milling, £1 12s 9d, £1 13s. Unlisted: Woolworths (Sydney). £3 19s 6d. Wellington—Late sales, December 8: New Zealand 4 p.c. Ins< r., 1949, £lO7, 4 p.c., 1955, £112: Matafci. 2s 2d. Unlisted; National Tobacco, £3 10s. Sales,

h...“ December 10: Rural Bonds, 5 p.c., 1947. I £104: New Zealand 3; p.c. Inscr., 193943. £106; Bank of New Zealand, £2 Ss 6d (2). £2 85 3d; New Zealand Breweries, £2 95 6d. Dunedin—Sales on 'Change: Skippers, Tid. Sales repel-ted: \R‘aitahu, 23 3d; Farmers‘ Trading, Ts. Sydney Stock Exchange. SYDNEY. December 10‘ On the Stock Exchange to-day. busi—ness was active, but price fluctuations |were mostly confined within narrow ; limits. ‘ Afternoon dealings were: Colonial Sugar, £43: Bank of New South Wales, £32 Ts 6d; Comm. Bank of Sydney (N Z. delivery), £l7 175; Tonths (London clelivery). 515; Dunlop Perdriau Rubber, 19s 101 d: Dunlon Perdrlau Rubber (pret), 38s 3d: Dalgety and Co.. £8 17s I 6d; Lustre Hosiery, 275; ‘Vunderlich, 225 6d: David Jones. 4‘25: Henry Jones[ CO-OIL, 35s 6d: Greater J. D. \Villiams. - ,75: Anthony Hordern. 195 6d: Standard Cement, 183 9d; Broken Hill Proprietary, 545: Kuala Kampar, 145 sd; Bulolo Deposits, 15 3d: Larut, 115 9d: Placer Development. £23 15: General IndHStries, 135 9d. Melbourne Salon. MELBOURNE. December 10. . i Comm. Bank of Aust.. 165; National -B_ank (£5 paid). £6 25, (ElO paid), £l2 195; Australian Glass, 635 9d: Dunlap Perdriau Ruhher, 195 10d. (pref‘) 385 3d: Elevtrolyric ZincY 245: Broken ”Hill, Ignulh. 815; Mount Lyell, 175 9d; North! Broken Hill, 1045. i CALL AND DIVIDEND LIST. { DIVIDEND. - Due. ‘Rorth Broken Hill—ls 6d per - _share Dec. 12 ”\anonax Tobacco—annual. 15 l - Per Cent per annum DeC- I'2 '.\orth Broken Hill—ls 6d per l< share Decal? | Gordon and (Eon-h (Austral—- ! asan—half-yearly, preL 8 i D‘T Cent per annum: ord., 1 10 Dpr Cent per annum .. DEC. 14 \Breken Hlll Snuth¥ls 6d per share. payable Melbourne . Dec. 15 Blackwawr Mines—interim ls per share; Consolidated Goldfields—6d per Share: In British rurrenoy DEC. 15 De‘x‘thort Steam Ferry Y interim. 21. per cent Dec. 17 YOFKSOD Extended—anercont Dec. 19 (_yoldsbrough. Mort—interim. 2 per cent Dec. 19 Hum;n Pipe (Far East)— _ Interim. 3 pew rem Dec. 20 homata Reefs—interim 3d per Share Dec.2B I A‘lOTl‘lS.Hed€(ronl.Fiji—interim ; I _ ‘2 per vent Dec. 31: ;.\atxonal Bank nf New Zea- ' land—-int(-rinl at rate of 4 ’ Per cmn per annum .. .. .. Jan. 5| Bulnln "lryld Dredging—interim. ‘ 90 (rent; (‘anadinm less tax { fifsywrc-mlf Jan, 10 Plar-or Iwax-g]npnv-nt—intorim, 1 dollar .30 (-r-nts (‘nnadiam lF':<s tax nf 5 p 01” vent .. Jan. 10' Sulphide (‘m‘pnratinn~2; per i rent, subject to income [ rax adjustment ..... ... , . Jan. 14‘ CALL. ~ I I Upper ShrJLO\er—ld a ehare .. Dec. 15]