FIRM MARKET

Dominion, Volume 28, Issue 100, 22 January 1935, Page 12

FIRM MARKET

Sydney Stock Exchange GAS GROUP IN DEMAND By Telegraph. Press Assn.—Copyright. (Received January 21, 8.35 p.m.) Sydney, January 21. Though quiet, the investment market on the stock exchange to-day was firm. Bank shares were neglected, but the gas group were in demand Commonwealth loans were quiet. Sales: English, Scottish and Australian Bank £5/2/-; Colonial Sugar £42; Australian Provincial Assurance 11/3; Associated News 24/3 ; ditto pref., 24/61 Howard Smith 16/10}; Australian Gas A and B £B/2/6; British Tobacco 39/3; Tooths 51/-; Dunlop Perdriau 20/-; Goldsborough Mort. 30/-; Wileox MoffHn 10/3; Millaquin sugar 36/10 Electrolytic zinc 22/7} ■ ditto, pref. 33/6; Anthony Horden 19/3: Lustre 25/3; Hume Pipe 16/-; Australian Iron and steel, pref, 24/3; Drug Houses of Australia 26/9: General Industries, pref. 25/-. _ , Mt. Morgan 40/9: Mt Lyell 17/1$; South Broken Hill 76/ • Placer Development £25/10/-. Morning sales included: —Commonwealth bonds 3 per cent.. 1948. £lO9/ 12/6: Anthony Hordern, 19/3: Associated News, 24/3 (pre f .) 24/6: Morris Hedstrom IS/-. Melbourne, January 21. Sales on the Melbourne Stock Exchange to-day included :—Commercial Bank of Australia, pref. £lO/4/-; Goldsborough Morti 29/9; Howard Smith 16/11: Gordon and Gotcb 49/-: Nestles, pref. 39/DEALINGS ON ’CHANGE Yesterday’s Sales The following sales were recorded yesterday on the stock exchanges mentioned :— WELLINGTON.

Dividends and Calls Dividends— Gue. H.M. Arcade—final pref., 5 1-5 p.c. per annum, ord. 34 p.c. Jan. 23 Hume Steel—pref. 10 p.c Jan. 24 Kuala Lumpur Tin, Gd. a share Jan. 25 Mining Trust—l 24 P.c Jan. 25 Union Bank—interim, 2/G a share Jan. 30 Meggitt Ltd.—Half-yearly pref. 10 p.c. per annum, less statutory deduction, and 5 p.c. per annum Jan. 31 Farmer and Co. Ltd—half-year-ly, first pref., 6 p.c. per annum; second pref., 7 p.c. per annum Jan. 31 Aust. Gen. Ass.—B p.c Tan. 31 ■Wgtn. Trust and Loan—sJ p.c. Feb. 1 Trustees, Executor s Agency—int., 6 p.c., p.a Feb. 1 A. P. Assurance —24 p.c Feb. 5 Wgtn. Gas Co.—l p.c. final. making 8 p.c. for year .... Feb. 5 N.Z. Refrigerating—s 4 p.c. ... Feb. 0 Merc. Mut. Ins.—int., halfyearly, 3 p.c Feb. 7 Commercial Bank of Aust.—interim, pref. 4 p.c. p.a.; ord. 5 p.c. p.a Feb. 8 N.Z. Insurance —interim, 1/- a share • Fell. 13 Queensland Nat. Bank—int.. half yearly, 4 p.c. per annum Feb 14 Electro. Zinc—int. pref., 8 p.c. p.a Mar. 13 Auckland Gas Co Dividend | -.. . j By Telegraph.—Press Association. . Auckland, January 21. ! The Auckland Gas Company announces a final dividend of 2J per eent . making 54 per cent, for the year. Australian Price of Gold Tlie price fixed by the Commonwealth Bank for gold, including jewellery. lodged at the Melbourne Mint for the week coiled January 11, is at the rale of approx - mutely £B/0/7 per standard ounce (22 carats), equal to a premium of 10G.20 cent. Payment is made according to th? assay value of the go'd. The price is 2d. lower on the week. The price per ounce fine is £B/15/2. a fall of 3-1. on 'lm week. Solomon Islands Development Shareholders in the Solomon Island? Development Co., Ltd., are to be asko.l to vote on a proposal fo reduce the capital from £lOO,OOO (divided into 100-J shares of £lOO each, on each of which £l)5 ha» been paid) to £50.000. in 1000. fdiaro* of £5O each, and upon rach of whirl) £4 » haf? been paid. The reduction, it is proposed. will be effected by cancelling paidup capital that has been loa’l or is unrepresented by available assets to the extent of £5O a 6‘hnrc. and by accordingly reducing the nominal amount of the shares to £5O each.

£s. d. Inscribed Stock, 31 p.c . 1939-43 106 10 0 Comm. Bank of Aust., cum div. *0 16 9 unto 0 16 9 2 10 6 Ditto 2 11 0 St?ipl p s TSi'nwerj’’ 1 13 (J Colonlfll Sugar 41 1.1 0 Dunlop Perdrlau (3) . 1 0 0 Ditto 0 10 11 Electro. Zinc, pref., cum div. (odd lot) 1 13 0 Prestige (N.Z.), pref. . 1 0 II Wilsons Cement .... 1 13 6 TCing Solomon 0 3 6 Wailii Grand Junction O 4 s 1 18 6 Ditto (2) . ...... 1 19 0 Unlisted: 4 10 0 ♦Late sale Saturday.

AUCKLAND. d. Eng.. Scottish and Aust. Bank 5 2 0 Bank of New Zealand 2 16 0 Ditto (°) 2 11 0 0 12 q G 13 b 9 0 0 AP /Istsiirn hop 0 11 i South British Insurance .... 4 17 ft Renown Collieries, pref 0 2 3 Dunlop Perdriau (2) 0 19 10 Farmers’ Trading O i 3 Ditto 0 7 4 Tbl+fn 0 7 ;) 0 17 7 Sun Newspapers 0 4 3 0 1 10 Waihi Junction (2) 0 4 10 CHRISTCHURCH. £ s. d. Inscribed Stock, 4 p.c,, 193< -40 . 103 0 0 Comm. Bank of Aust., cum div. 0 16 9 Bank of New Zealand 2 10 9 2 10 10 Ditto 2 10 11 DlttO 2 11 0 Reserve Bank (2) 6 12 6 N.Z. Refrig.. 10/- paid, cum div. 0 10 1 Australian Glass 3 o 0 0 2 Giibspies Beach 0 1 8 0 1 6 Sales reported:— NZ. Guarantee Corp 0 5 10 N.Z. Refrig., 10/- pd., cum div. . 0 10 Kauri Timber (2) 0 19 0 Manawatu Knitting Mills .. 1 13 0 0 2 4 *0 0 9 Worksop Extended *0 2 11 Mount Morgan 2 0 9 Unlisted:— M'oolwortlis (Syd.), ord. ... 4 la 0 4 15 •> *Late sale Saturday. DUNEDIN. Sales reported: s. d. Reserve Bank 6 13 0 N.Z Rofrig.. 10/- paid 0 10 Sun Newspapers 0 4 9 Mount Lyell 0 17 Big River 0 2 3|