ON CHANGE.

Star (Christchurch), Volume LXVI, Issue 20540, 15 February 1935, Page 9

ON CHANGE.

Concessions in Mining. BANKS EASIER. NEW ZEALAND MISCELLANEOUS STOCKS FIRM. After the very heavy business put through on the Stock Exchange )*esterday afternoon, a moderate turnover was recorded this morning. Values were still inclined to ease. The lowest buying offer for many months was made for Reserve Bank shares at £6 6s, but recent sellers have not come below £6 10s 6d, and that was their limit this morning. National of New Zealand dropped Is 6d, and later buyers offered only 67s 6d, sellers at 71s. Commercial of Australia had dealings and further buyers at unchanged rates, sellers wanting 16s 6d at the close. % Two strong quotations in the Loan and Agency section were for New Zealand Guarantee Corporation, for which the market lay between 6s and 6s 3d; and for United Building Society, quoted from 22s 3d to 23s 3d. Goldsbrough Mort were still weak and uncertain, being on offer at 28s 3d. Breweries were quiet. New Zealand selling at 50s 6d with more wanted at that figure; and Timaru commanding rates as strong as ever for both classes of shares. The market for Tooth's was weak, closing from 48s Id to 48s 6d. Australian concerns among miscellaneous issues again failed to check "heir easing tendency. Australian Glass, which had their last business at 64s 6d, were quoted from 61s 3d to 625; Dunlop-Perdriau Rubber had sellers at 18s 9d; and British Tobacco were steady at yesterday's rates. New Zealand issues, however, maintained strength, Quill Morris (in liquidation) being in request at 4s 6d, sellers 3d above. Wilson’s Cement buyers were unsupported at 34s 6d. Mining sales saw a few further concessions from sellers, with buyers taking advantage of the offerings to acquire considerable holdings. Brian Bora and Mahakipawa changed hands freely, the former at another drop, and the latter at steady rates. Maori Gully were cheaper, closing with unsupported sellers at Is 3id. Mount LyeU and Mount Morgan were firm. SALES COMPLETED. The figures ip th# final column Indicate, compared with last Christchurch Males: t a rise, a fall, n.c. no change. THIS JfOSVINa'S CAI.T.. Sales on ’Ofcaag*. ?oo Com. -Bank Aust. 16/5 (2) .. t n.c. 50 Nat. Bank N.Z., 69/6 1 -t/6 100 N.Z. Brews., 50/6 f n.c. 100 Sun Newspapers, 4/- —4d 3000 Brian Boru, 5d (5), 4*fl -• 1 -id 1100 Mahakipawa. lOd (3) i n.c. 200 Mahakipawa (1929 pf.), 1/3 | tl«* Sales Sspertsd. 300 King Sol. (late sale 14th), i V- I tld 17 If LISTED STOCKS. On ’Change. 600 Macetown, 1/5, 1/3* (21 .. j -Id 150 Wworths, Ltd. (ord ), 92/3 I (2) | —3d THUS o*olool CALX YMTIIDAT. ■ties on "Cfcaage. 50 E-, S. and A. Bank. 99/- . . -2/6 109 N.Z. Refrig. (£1 pd.)„ 19/6 -1/3 200 N.Z. Refrig. (10/- pd.>, 9/6 tld 200 N.Z. Brews.. 50/6 (2) t6d 100 Timaru Brew., 12/6 fl/100 Br. Tobacco, 38/- —ld 100 Broken HUI Fty., 52/6 .... -4d 506 Brian Boru. 5d -ljd 1000 Goldfields Dredging, 8d .. -Id 100 King Solomon, 3/11 n.c. 500 Maori Gully, 1/4 n.c. 500 Lawson’s Flat, 3*4 t*d 1000 Maerewhenua, lid -2*d 500 Mahakipawa, lOd -Jd lo« Mt. Lyell. IT/T -3d 500 Nevis Diesel, lid -id 50 Okarito, (c.d->. 3/0* +ld 100 Rawaag Tin (c.d.), 8/- tld 100 N.Z. Refrig. «0/- pd.), 9/4 J -Id 1000 Skippers, 6d fid 50 Okarito (c.d.). 8/01 I tld UV&ZSTBD STOCKS. On ’Change. 75 Wworths, Ltd. (ord.), 92/6 I B»m«>Vs ' n/ ~* 25 W’worthe, Ltd. (ord.), 94/- | t2/6 OTHER EXCHANGES. ‘ Fer Press Association. WELLINGTON, This Day. Sales reported—Woolworths, Ltd., 92s 6d. Govt. Stock. 1946 (ex interest), £lO5. Wilson’s Cement, 345. Woolworths. 92s 6d (3). AUCKLAND, This Day. Mataki, 2s. Grand Junction, 4s 9d. National Timber, 15s. Geaq Meat. 225. Bank of New Zealand. 49s lid, 49s 9d. Bycroft. 50s 6d. New Zealand Insurance, 675. Reserve Bank. £6 11s. Govt. Stock, 1940, £iu2 3s. Govt. Stock. 1916 (ex interest), £lO5. Mount Albert, 44 p.c., £lO6 5a DUNEDIN. This Day. Sales reported.Bank' of N.Z. (D Mort.), 325. E.. S. and A. Bank. £5. Bruce Woollen (ord.), 14s 6d. Okarito, Bs. TO-DAY IN AUCKLAND. (Special to the “ Star.”) AUCKLAND. This Day. A feature of the bidding this morning was the comparative neglect of insurances, usually a most popular section. New Zealand were sold, but the interim dividend of Is a share has been paid, and subsequently there were no buyers in the section except in the case of Standard, for which 72s was offered. Banks were rather dull. New Zealand were quoted between 49s 9d and 49s lid. with Reserve resting between £6 10s 6d and £6 11s. In Government stock there was good inquiry, but for the 1940 issue a vendor accepted 15s less at £lO2 ss, after which the market stood between £lOl 15s and £lO2 10s. The 1946's were quoted ex interest with buyers at £lO4 10s. At the poon call the market weakness was confirmed with a sale of Bank of New Zealand 2d lower at 49s 9d, but Reserve held steady at £6 11s. However, after a sale at this figure, more were available, but buyers had dropped out. In the mining section Waihi were Bteadv between 39s and 39s 6d. Grand Junction had a sale higher at 4s 9d, with margins still remaining close from 4s Sd to 4s 9d. Okarito were quoted from 7s 9d to Ss 3d. and King Solomons were close to business with buyers at 3s JOd and sellers only Id higher. In Government stocks, 1946’s changed hands 40s lower at £lO5, but as this stock is now ex interest the valuation is unchanged.

YESTERDAY’S SALES.

The following sales were completed in other centres yesterday afternoon: —- Auckland—Com. Bank Aust.. 16s 6d; Bank New Zealand, £2 10s: N.Z. Guarantee. 5s 10d: K.D.V. Box (rights), 9d (2); Robinson Ice, £1 4s; Wilson’s Cement, £1 14s; Brian Boru, 6*d; Goldfields Dredging. 9*d (2): King Solomon, 3s lOd: Waihi, £1 19s 6d. Wellington—N.Z. Inscr., 4 p.e., 1940 (February 33). £lO2 15s. Sydney.—On the Stock Exchange yesterday the general market was weak. Bonds improved slightly in response to increased demand, but most industrial issues were marked down by small amounts. Later dealings were:—-Fed-eral 4 p.c. bonds: 3938. £lO4 7s 6d; 1941, £lO5 17s 6d; 1944, £lO7 10s; 1947, £IOB 7s fid; 1950, £lO9 12s fid: Bank New South Wales. £3O 10s; Com. Sydney, £l6 6s; South British Insurance. 97s Gd: Associated News. 235; Associated News (pref.), 23s 3d; Howard Smith, 16s 3d; Burns, Philp. 62s 6d: British Tobacco., 38s 9d; Tooths, 48s 9d; Aust. Glass, 625; Dunlop Perdriau. 18s 10*d: Morris Hedstrnm. 18s 9d; Henry Jones, 37s l*d; Millanuin Sugar. 355; Fairymead Sugar. 375; Farmers. 25s 9d; David Jones. 40s 6d: Anthony Hordern, 38s l*d; Standard Cement, 19s 10 Jd: Aust. Iron and Steel < pref.), 22s 10|d: Victoria Nyanza. 6s 7d; Drug Houses, Aust., 24s 10 Jd: Broken Hill Prooty., 52s 9d; General Industries, 14s 6d. CALL AND DIVIDEND LIST, DIVIDENDS. Metropolitan Gas. Melbourne — ' Due * interim rate of 6s 6d per share, equal to 7.97 per cent, per annum Feb. 14 K.D.V. Boxes—interim. 4 p.c. Feb. 20 Peters Arctic Delicacy—interim. half-yearly, at 5 p.c. per annum Feb. 23 Bank New South Wales—-quar-terly. 5s a share Feb. 27 National Mortgage—final, 2* P-c Feb. 27 Okarito Dredge—6d per share Carlton Brewery—final. half yearly, at 10 per cent, per *T*er annum, making 9 per cent, for the year Feb. 28 Berlei. Ltd.. Sydney—ord. and pref.. 8 per cent, per annum Mar. 1 Standard Insurance halfyearly, 1? 3d per share . . Mar. 4 Huddart, Packer—final, pref., 3 per oop-t... ord.. 4 per cent. Mar. 9 Electro. Zinc—interim. pref., 8 p.c. rer annum Mar. 13 Broken Hill South—interim, Is 6d a share Mar. 15