STOCKS AND SHARES

Dominion, Volume 28, Issue 90, 10 January 1935, Page 12

STOCKS AND SHARES

Wellington Market Active YESTERDAY’S QUOTATIONS There was more activity on the Wellington stock and share market yesterday, with a generally firm tone. Government loans were in stronger demand with few sellers, while banks met an improved m New Zealand Breweries changed hands at 52/6 and 52/9, with late sellera.asking 53/-. Colonial Sugars so \^^ i2 ( l2 and Dunlop Perdriau at 19/10, In the mining section there were buyers of Rivers at 2/9, sellers asking o/L while Waihis were wanted at 68/- witn no sellers. , .„ The latest buying and selling quotations on the Wellington Stock Exchange yesterday were as follow:

Unofficial List

DIVIDEND, 80 PER CENT. Woolworth Ltd., London Loudon, January 8. F. W. Woolworth Company, Ltd., London, declare a profit of £4,879,950. The directors recommend payment of a dividend of 80 per cent., and to carry forward the huge balance of £5,614,454. The London Stock Exchange quite expected that the dividend would be 90 per cent., consequently the 5/- shares relapsed in price from 114/9 to 112/-. HIGH GOLD PRICE Effect on Commerce “In the search for influences which may assist the recovery of international trade the higher price of gold is a factor which has not received the attention, that it deserves,” says a review published by J. Henry Schroder and Company. “An important result of the high price that gold fetches in the depreciated currencies of America and the sterling bloc is the increased buying power which it puts into the hands of certain countries that are in serious need and are certain to exercise this power by increasing their purchases in the world market. “So far the increase in world production, which rose from 20.721,9810 z. in 1930 to 25,360,.8790z. in 1933, has been largely absorbed by speculative purchases and by hoarding on the part of central banks and private individuals. It seems inevitable, however, that in course of time the increase in the gold backing for credit will have the same effect on the present generation as the discovery and development of the Rand goldfield had in the years between 1897 and 1913 —a period of active and prosperous enterprise diversified by a crisis in America and terminated only by the war. As a stimulus to this revival of international activity the increased buying power conferred on the gold producing countries must have a powerful influence.” New Guinea Gold By Telegraph.—Press Assn.—Copyright. London, January 8. N»W Guinea Gold Mine shares, sales, jf/llj; Bulolo Gold Dredge, 143/6.

N.Z. GOVT. LOANS. Buyers. £ s. cl. Sellers. £ s. d. 4 p.c. Bonds, 1940 .... 103 5 0 —• 4 p.c. ditto, 1949 .... 106 0 0 — 4 n.c. ditto. 1955 .... 109 0 0 —— 5 n.c. Rural Bonds. 1947 103 15 0 3} p.c. Ins. Sth-., 1939-43 3} p.c. ditto, 1939-U2 .. 34 p.c. ditto, 1938-43 .. 105 10 106 0 105 10 0 0 0 107 0 0 106 O 0 —— 4 p.c. ditto, 1940 .... 4 p.c. ditto, 1040 4 p.c. ditto, 1949 .... 4 p.c. ditto. 1955 .... 103 5 106 5 106 0 109 0 0 0 0 0 106 107 110 10 0 0 0 0 0 debentures. •Wellington Gas Co. ... 104 O 0 Amid. Brick, Wellington —— 103 0 Ditto, Auckland .. —- 103 0 ■Wright, Stephenson, OS 0 0 BANKS. 11 5 0 — Comrcl. of Aust., ord. »0 16 3 •— Comrcl. Banking Co., 15 o National “of N.Z. ..... National of Australasia, 3 10 0 3 15 0 £5 paid New South Wales .... 6 0 31 5 2 8 0 0 9 31 2 X » 6 4 Ditto. D long term 1 12 6 ‘8 15 0 financial. Dalgety and Co ft ID 0 Goldsbrough, Mort and 1 10 0 National Mortgage, A —- 3 1 0 0 N.Z. Guarantee Corp. — 0 6 N.Z. Loan & Merc., ord. stock 56 0 0 Wgtn. Dep. and Mtgc. 0 4 0 GAS 1 14 6 — 0 12 . — Wellington, ord 2 2 0 2 4 0 INSURANCE. Aust. Prov. Assce. ... »0 10 10 0 11 0 National ot N.Z 1 1 4 1 1 3 8 6 3 9 South. British 4 10 0 — V MEAT. ■ ■... 1 4 6 N.Z. Refrig., £1 paid 1 0 3 Ditto, 10/- paid .... 0 10 0 0 10 Southland —— 4 0 Wgtn. Meat Exp., pref. — 1 7 3 TRANSPORT. Huddart. Parker, ord. 1 16 3 Union Steam, pref. .. 1 8 Kclburne Tramway .. 1 6 0 — WOOLLEN. Kaiapoi. paid 0 15 0 O 15 9 Wellington, ord r> 12 0 -—■ 5 12 0 . — COAL. 1 O 6 ■ ■■ TIMBER. p T*i 0 18 3 0 19 0 National ..... O 14 6 • . 0 4 3 — breweries. 2 12 6 2 13 0 O 11 3 MISCELLANEOUS British Tobacco, Aust. 2 0 0 0 6 42 0 0 42 17 6 D.I.C., paid, ord 0 13 0 Ditto, 7/6 paid .... 0 10 6 0 13 3 Ditto, pref — 1 7 3 Dunlop Perdriau 0 19 8 1 0 0 Electrolytic Zinc, ord. —— 1 3 9 Henry Jones Co-op. .. — 1 16 G Howard Smith, ord. .. ——. 0 16 N.Z. Newspapers —- 1 13 6 Sharland & Co., ord. 1 6 0 ——■ 1 6 0 . — Woolworths (N.Z.) ... 8 0 0 8 15 0 Gates, Ltd. ........... 0 4 0 —— National Electric 0 10 6 0 14 0 ■ 0 Broken Hill, Pty - 2 15 0 MINING. 3 Bi<* River 0 2 9 0 1 king Solomon 0 4 0 Mount Lyell —— 0 18 0 Skippers 0 0 ■ .. Waihi 1 18 0 —— Waihi Grand Junction 0 4 8 — •Cnm. dividend. tEx dividend.

— Buyers. Sellers. £ B. d. 8. d. IVoolwortbs. Ltd Metters N.Z. Ltd Frozen Products 4 10 0 4 9 0 9 3 4 - 0 Denhard Bakeries, pref. 0 IS fl 1 1 0 Procera Bread ....... 0 13 G 0 15 G Kilblrnfe Theatre .... 0 13 0 0 la 0 Fuller-Haywards ... Perpetual Forests .... 2 0 0 95 0 0