FINANCE AND COMMERCE.

Press, Volume LXVII, Issue 20180, 7 March 1931, Page 12

FINANCE AND COMMERCE.

SHARE MARKET.

WEEKLY REVIEW. The recorded volume of business on tbi affiliated exchanges for the past-, week showed a considerable increase oa any weekly total this year. Martats, on the whole, were more buoyant, and prices generally showed an advance on those ruling last week, both for Australian and New • Zealand » companies, Investors have been showing a reborn of confidence over the past, fortnight, and sounc( industrial® haye: attracted more business. The following is a comparison of the daily volume of business recorded on the local market for the past fortnight : > This week. Last wefek. Saturday ... 704 ' 601 Monday 1,204 1,066 Tuesday ... 3,372 1,756., Wednesday ... 2,542 2,881 Thursday ... 6,869 1,077 Friday ... 4,773 2,181 £19,464 £9,462 Government Issues were more active and prices showed a ' hardening tendency: Four and a half per cent. 1938 ftock changed hands at £93 5s and £93 ' 7t 6d; 4J per cent. 1939 Stock realised £93 2s 6d, and late buyers are offers ing £93 Hb 6d, no sellers ; 4J per cent. 1988 Bonds were released at £93,03 and £93-7s 6d, and late buyers offering £OB 12s 6d failed to attract sellers; per cent. Soldiers Settlement Loan Stock, dne 1833, had dealings at . £99 aad. 4599 10s, and the Bonds at £99 2s 6d : 6 per cent. Stock, due 1931, rea-. lued £99 17s 6d and £100; 5} P«* r cent. 1935 Stock was turned over at £96 10b. Borough of Newmarket 51 per cent. 1950 Debentures were placed at ,£9B. < • Banking Section. Commercial of Australia was the suet* active stock In the banking sec-, tion, and prices advanced from 14s 6d to 15s 2& r closing at 15s 2d buyen, lfis 4d sellers —the preference jumped ;to £5 16s and £5 15s 9d. of' Commerce were fractionally finder at 14s fid, and late buyers are offering 16a, sellers at 18s. Austel3aii*E,iEpllownig the announcement of - a final dividend of',6 per cent, (making. Jt/wr. eeak-ftr the -year), which evi- - WMLnot anticipated by the martort, jumped toT*£9, and there, are ( „jbot sellers reticent. National of Australasia . £sl paid"iremaihed at £4 19q 6d, but ek»&>stronger «t £5 8a 6d, buyers, £6 ' ■ sa«el}srnL of New Zealand *d- • ~vancei fcoin.£4 13s to £4 15$, > - ■ , «L.t9mDbTue Sfof%st week,\ow

YESTERDAY'S TRANSACTIONS. There ,was a of diversified business on call yesterday, and prices-generally showed a further hardening. Transactions exclusive of vestibule business included £IOOO 4J per cent. Inscribed, 1935. £2OO 'SJ percent. Inscribed, 1985. ; 500 Ccimm. Bank of Aust. 100 Bank of New Zealand. 100 Goldsbrough, Morts. 100 Westport. Coal. 3,00 New Zealand Breweriea. . .200 Tooths Brewery. . . 100 Boath and Co. . . 200 British Tobacco. '' 1440 Mt. Lyell. 800 King Solomon. , 1100 Mahakipawa. = ? y N.Z. Gfoverhinent 4£ per cent., 19S8, Stock moved up 2s 6d to £93.7s -6d, buyers staying in at that price, no sellers. Five and a half per cent.' 1935 . Stock changed hands at £9B 10s. Commercial Bank of Australia were fractionally firmer with, dealings at "15s 2d and 15s, market closing 15s 2d buyers, 15s 4d sellers. Bank of New Zealand were firm at 48s' 6d, buyers staying in at that price, sellers -at 48s 9d. ( Buyers of Union Bank of Australia jumped'to £7 15s, sellers at £8 12s 6d. Buyers of Bank of New South Wales ran up to £27, sellers at £3O. Buyers', offers for Australasia, Australian Bank of •Commerce and i National of Ne'w Zealand also indicated stronger markets. Other Stocks. -- Goldsbrough, Morts advanced 6d, to business at 21s 6d, sellers staying, in at that price, buyers at 21s 4d. Westport Coals were released at' 245, closing, quotations 23s 5d buyers, 24s 6d sellers. New Zealand Breweries were fraction-, ally firmer with dealings at 37s 4d and 37s sd, buyers staying in at the higher price, sellers at 37s 6d. Tooths Brewery shares moved up to 21s 6d, closing "quotes 21s 4d buyers,"2ls 9d_ sellers. Beath and Company shares realised 20s 6d, and there were further, buyers at ,21?, sellers' at 22s 3d. British Tobaccos scored a ripe of 6d, with dealings', at 30s, market closing. 30s Id sellers', 29s 9d buyers.'Electrolytic Zinc Preference' were stronger witi buyers at 16s, sellers at 17s 6d. Buyers, of Milburn Lime moved up to 28s 9d without attracting sellers. Mt. Lyells were stronger with' dealings-at 21s 4d, 21s 2dy and 21s Id, and more were wanted at 21s Id, sellers ;at 21s 2d. New Zealand Drugs claimed .buyers at 535, sellers at' 60s. King Solomon Deep' Lead showed little alteration with dealings at ils lid and Is 10} d, and more were offered at Is 9id, .buyers at Is Bd. Mahakipawas were fractionally weaker with buyers and business at - 6d, . Bellers ate^d. AUCKLAND REVIEW. [TBS PBESS Special Service.] AUCKLAND, March 6. The brighter tone of last week which ■followed the improvement in the wool market has been well-sustained on the Auckland Stock Exchange during the past flve"dayß, and the general trend-df '-ptdces io'r sqflnd industrial and has Aeeh' toward higher levels. "Marked "advances 'havobeeii' made - by, Imkny of the more-popular securities. The' & al »? *** *5 * * r * ' v n , - ', 3«y;ft heen• active.Afc a ,risiag .JflgpV shares „pi«»«ble up South Waif*, gained £l." N<jw Zealands were the_exeeptiop, the market for thqse weaken|ig. : to. re-, gain all ,but 3d .at the close.,, "'Only one parcel of insurance shares changed hands, but New. Nationals, and South British have met, . with a very steady demand on slightly* 'higher levels throughout. Inureased cop-: fidonce, £oo lv has been shown ;in,themat-. loan and ageney sh ares; . I -J V. I rr •' ' COMPANIES REGISTERED. U -J. . t, • -■ 1 w1 ' /■* t -/Eh# 'x6«i*h?atlon' of th« ' fOllawJnr- comjptutlMv t», ttptiflcd in tl(«. .ot the G»isettß*':-rr . " , ■ + Wd') 80iu,Ltd.—jaegl»t«»4 -« a ..cqmpMir, Veibrn*ty G&dk al Hornby,' flhristchnrei. , ae«poo, ia flooo dure* oi ii «#*&•■ ;j. . aoa«J«„and cm 'barirfMS'.W 'tosrt 'and Baits,' lrtd;,-.B»rAby f in »ll irt' l>r»nah«<. W,' Biqart, ,I<td^-aeri*ter^4..Bi. a jfrt-. 't»Jfl «^miuw7, l X'obfuary 25th, 183 J. QG"OloueHt«r* •treflt, Ohrißt«h-iiies. i ; o«Pj'' # J: ; '27000, 'ito- TOOO-shares-of *1 e»ch. ' Subfedbers: Timsrti-—A. Smart 6099; OhrijiST. Kieholl* 1. ObJ«ctft;.'To. Ie- - qtilre cajrey on tbe baifnefSkOf an' 4 W.. ,(Jn ' -rolnntarjr Uqdjda^oh),.tn' all its brftncW. ,\ ; ' j34a«trUl < JTilm* (N.Z.), Ltd.—RegiiteW asVpriyatJ) eompany, Ifebrnsry .28 th, .1931. Qfflee: IVO street. OhriStehureb. OaSt»):,X6Qt> t in'6oo «b*re« mM?ent>h. gtafewtMrs:,?. W/Reeve* 240, ."ft" S." Harrfj .840, (lb, 0. Bobilliard 20. pbjMtfc tmaj en we-buaineaa of «oiii|feasfeolna", i matocvapli 41m pxadtteers in fll iM brancfcea. < Son, Ltd. —«* private (Wmpany. March 2nd, tgSl.fcWlllee t , .386-240 Tarry 1 road, Linwood. Capital: 4&aOp, 'in. 150p *hsre» of £i ■ each. , Satesplhfltarvj. Bond and G. J: thare.' i '•(tbf«Qis: To Hctfnae, a«d >«» ny on : batfaeu ot O. '3. and J. Roi}d r ,l)lnjb»r iii«tni Chftutflf Jt r f * ' Awatnnii Extended Gold pradginr 00. {no Ability)—-Offl«e: -OOeei ot Bawden, B*«| ( and Co& Naitonal Sank Boildinj, FaatheTstpa< ittut, "WtilHngtoir.' Capital i jEIB,OOOi in „160 r 0Q0 ib«z«a of* 2* Mpb. SubaeribeMT WelliOgton—lC. fXGr.Vhirfeiltf, 3?J«f J. SBwman.'J. <h. Harcottrt, B/H. H. ifdkrns; XuoUatid—A. 8. .White, 500 eoob. -phjecti: To jturcbate, take dver, and acflulra winJnr rights and and general laaidentsl. GENERAL MERCHANDISE: , 1 , - GROCERIES. . ;; 1 I , f* ' .if: The tarnoTer' tjils week has been 'up- tp > expeftattaß^' , %itlir.a (ood i demattdi for-cantied . -seeds of .all.,dgieriptioni.. . . ~ AvatfaUna oniea* due at the e*>4 - of?M»*eb;,; . at a veigr low flgur#; TU» will inflnenca local values. ''' - , l are expected shortly tralian crop aultariaa,. rAiains, etc. In ' -tlie meantime there is' Httle doing ia. r the4e -iiges, , r ' ' ' 1 shelled* and nnahelled, ar© very aheap buyers should consider aperatiac without. delay. i The markets this .week remained! , siationaiy foe tapioca, pines, and aago. Loeal • stacks.are light, but sufficient till - the next: arrival in Hay. ' ► ' ' 3c in good demand, , and prices are Very Arm. An advance ig.v expected owingj to the higher costs ;'.of : raw material. • Tobacco lines made la Kapler are ' now : , ia »]iort but full supplies are expected about the end of Harch, < Tha agent for the Australian ■ tories reports" heavy buying: by • lioridou, which, if 'it- continues, will ;stiffen the . market. , ~ .firound .almonds have advanced a half- - penny per lb. . The acid market is weak, and else : 'eream r 'af tartar, which haß declined slightly,' The eheete market ia aotivp, and .the; opera'- > tions fit Ltyiflon-buyers have causeft; priees . to.he advanced by aom* factories this week oneielghtb penny per lb. • pate market,<f"both bulk ani ia : very flrtn in Lundoi), and buyers>] should lose*no time in* considering ihe'covering of ■ WEST COAST' (BOLD DREDGING. " s . > f!Fhe,d{j:eqtoM of ' Oredsrfnr'^Company, r«nort that the -ctopany : has gone to allqtment on Uje mlnimttm 4 of ' 501000 > shares, e&d the preliminary work- of aqvlMltig the dredge at # Awjitnna," * on-" 1 the ' .Jfokitlka .railway section, Is beiigjTprpiieeded derived from the mjmlyrt y**ai iM.. zmmmMr,, to ha workmjf in ,The- properties are situated on the see'lront - the Ajiatvda raitwa/- Una, with the ewsHs.-the sections, „ (1 ;.