ON 'CHANGE.

Star (Christchurch), Volume LXVI, Issue 20541, 16 February 1935, Page 9

ON 'CHANGE.

Weakness Still General. WORKSOPS ACTIVE. KAURI TIMBER AND N.Z. DRUG FIRM. A preponderance of sellers, especially among Government stocks, banks, insurances and loan and agency issues, was the most marked feature of the call this morning. The market closed on a definitely weak basis, with buyers withdrawing, apparently from nervousness, as sellers continued to lower their limits. It will be extraordinary, however, if there is any further serious drop, in view of the large sums waiting investment. Only five buying offers were made in the banking section, against eleven sellers. Commercial of Australia lost fractionally, and New Zealand were on offer at 49s lid, buyers staying below at 49s 6d. No buyers replied to sellers of Reserve at £6 10s 6d; but as these are the only banking shares for trustee investment, it may be expected that buying orders will again be placed freely before long. Goldsbrough Mort slackened again, the market closing from 27s 7d to 28s, this being the lowest selling offer for several months. Timaru Breweries (7s 6d paid) held late rates in reported business, but the market closed with cheaper buyers compared with rates ruling for most of the week. The market for New Zealand Breweries was at practically the same level as yesterday. In miscellaneous issues, Anthony Hordern were again weak and uncertain, sellers at 18s being well above buyers, whose best offer was 16s 3d. Australian Iron and Steel and Australian Glass remained at the week’s low rates, no buyers coming in for the latter. Dunlop-Perdriau Rubber showed signs of further weakening, and were on sale at 18s 6d. The two bright spots of the market were Kauri Timber and the New Zealand Drug Company, the former staying firm, and better buyers appearing for the latter. Worksop Extended were the most active of the mining stocks, selling freely at 2s 9d, with further sellers §d above. Big River were unchanged, and Mahakipawa again sold at lOd for the ordinary, and at Is 3d for the 1930 preference. SALES COMPLETED. The figures in the final column indicate. compared with last Christchurch sales: + a rise, - a fall, n.c. no changee. THIS MOBNIHO'S CALL. Sales on ’Change. 100 Com. Bank Aust., 16/4 .... —ld 100 N.Z. Refrig. (£1 pd.), 19/7 +ld 100 Sun N'spapers. 4/1 j +ld 800 Bell Kilgour. 3d ( -*d 400 Big River, 2/3 I -*d 200 Maori Gully, 1/4 n.c. 400 Mahakipawa, lOd n.c. 400 Mahakipawa (1930 pf.), 1/3 -Id 1000 Worksop, 2/9 (4) | n.c. Sales Reported. 100 Timaru Brew. (7/6 pd.), 8/8 j n.c. 100 N.Z. Insurance (late 15th), 67/3 J -2/3 50 Milburn Lime, 43/- I —6d UNLISTED STOCKS. Reported. 100 W’worths (ord.), 92/6 .. ■ . I n.c. THESE O’CLOCK CALL YESTERDAY. Sales on ’Change. 20 Reserve Ban, £6/10/- . . —6d 100 Goldsbrough, 28/3 -I'7 200 N.Z. Guarantee, 6/- (2) . « +2d 200 Br. Tobacco. 38/2 +2d 100 Dunlop, 18/4 -8d 200 Big River, 2/3* fid 500 Brian Boru, 5d T*d 200 Maori Gully, 1/4 ...... n.c. Sales Reported. 100 Mount Lyell, 17/9 .... +2d 1000 Goldfield Dredging, 9d . . fid 100 Dunlop, 18/9 ...-•••• •• -Jd 15 Colonial Sugar. £4l (2) -10/ 50 Bank of N.Z., 50/ n.c £960 Govt. Stk., 1940, £lO2 (2) -*/- VELXSTED STOCKS. Reported. , _ . 50 W”worths, Ltd. (ord.), 92/6 t3d OTHER EXCHANGES. DUNEDIN, This Day. Sales Reported— x „„ Bank of New Zealand (D mort.), o2s. Sales on ’Change— Dominion Fertiliser (deb.), £loo. Bell Kilgour, *d. WELLINGTON, This Day. Commercial Bank, 16s sd. Staples Brewery, 31s 6d. Rural Bonds, £lO5 ss. AUCKLAND, This Day. Talisman Dubbo, 9s 6d. Commercial Bank, 16s sd. Dominion Breweries, 17s. Bank of New Zealand (D mort.), 325. Wilson’s Cement, 345. Waihi, 39s 6d. Bank of New Zealand, 49s 9d. Wool worths, Ltd., 93s 6d. TO-DAY IN AUCKLAND. (Special to the “Star.”) AUCKLAND, This Day. A fair amount of business was put through on the Exchange this morning, and bidding was moderately active. There was little change in bank shares, and New Zealand had fresh business at 49s 9d. Buyers for Farmers’ Auctioneering shares moved up to 64s for the £5 scrip and to 21s for the “ B ” prefs. A buyer came in for New Zealand Breweries at 49s 6d. Wilson’s Cement were steady with a sale at 345. Broken Hill Proprietary were easier with sellers at 52s 3d and no buyers. There was a good der*-nd for all lines of Government stock at late rates. CALL AND DIVIDEND LIST. DIVIDENDS. K.D.V. Boxes—lnterim, 4 pc Peters Arctic Delicacy—interim, half-yearly, at 5 p.c. per annum Feb. 23 Bank New South Wales—quarterly, 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 per 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. Is 3d per share . . Mar. 4 Huddart, Parker—final, pref., 3 per cent., ord., 4 per cent. Mar. 9 Electro. Zinc—interim, pref., 8 p.c. per annum Mar. 13 Broken Hill South—interim, Is 6d a share Mar. 15