THE SHARE MARKET

Evening Star, Issue 21743, 11 June 1934, Page 7

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE The only transaction this morning was a sale of. Dominion Rubbers after the call at 24s 9d, though several sales after Saturday’s call were reported, and New Zealand Breweries were reported as haring business this morning at 44s 3d. A scarcity of buyers continued in the banking section, and New Zealauds, if anything, were a little weaker. Kaitangata Coals' had inquiry at 20s 3d, but sellers required 21s 6d. In the meat preserving section, the Southland issues had improved inquiry without producing any selling quotation. Dominion Fertilisers were tinner, and New Zealand Malay Rubbers were for sale at' 23s 6d. lu the gold mining Bold a fair amount of interest was maintained in both the Cromwell flotations, and it is reported that the annual report of the Bell-Hooper Company shows a profit of £1,400, which has been* transferred to the reserves. There was a better demand for King Solomons, but sellers remained firm. Nokomais also showed improvement, and Okaritos were for sale at 8s sd, with no buyers forward, Improved offers for Government Loans were recorded, but sellers showed no sign of being interested. SALES. Reported.—Goldfields Dredging, lOd (late Saturday), N.Z. Breweries, £2 4s 3d; N.Z. Insurance, £3 3s 3d (late Saturday); Mahakipawa. IOJd (late Saturday). Reported after Call.—Dominion Rubber, £1 4s 9d.

Deep Lead 0 1 10 \ , N.Z. GOVERNMENT LOANS—(Bonds quoted are £IOO Bonds.) 51 p.c. Stock. 19581345 105 0 0 51 p.c. Stock, 1939,1945 105 0 0 51 p.c. Stock, 1941‘1943 105 0 0 Jt p.c. Stock, 19381952 ' 105 0 0 31 p.c. Stock, 19391952 105 0 0 31 p.c. Stock, 1941‘1952 ... 105 0 0 - 4 p.c. Bonds, Jan. 15, 1940 105 0 0 4 p.c. Stock, Jan. IS, 1940 ... 105 0 0 4 p.c. Bonds, Feb. 15, 1946 _... .:. 105 10 0 4 p.c. Stock, Feb. 15, 1946 105 10 0 4 p.c. Bonds. April 15, 1949 ... 106 0 0 ■ 4 p.c Stock, April 15, 1949 106 0 0 4 p.c. Bonds. June 15. 1955 107 10 0 4 p.c. Stock, June 15, 1955 107 10 0 PRICE OF OSMIRIDIUM Frees Association— Bj Telegraph— Copyright, LONDON, June 9. The price of osmin'climn is unchanged.

BONO’S INDUSTRIES LTD. Bond’s Industries Ltd.. Sydney, leports a net loss of £176,8-30 for 1933, compared with a loss of £71,284 the previous year and a prolit of £4,412 in 1931. The loss is struck after charging debenture interest amounting to £28,481. A transfer of £31,018, the balance from reserve for stock adjustments, together with the credit of £96 brought forward, reduces the loss to £145,716, and this is carried forward as a debit balance. There was a gross loss of £12,537 on manufacturing and trading, compared with a gross prolit of £120,553 in 1932. Much of the loss has been due to a revaluation of the stocks of manufactured goods and raw materials. The directors state that during almost the whole of the year there was. a falling market, and they felt the position must be faced, whatever the results,, so that future trading might be on a sound basis. The bulk of the writing down occurred in the interim accounts prepared at June 30. 1933. During the second half, of the year, occupied mainly by reorganisation of the company’s manufacturing - and distributing methods, the trading resulted in a relatively small loss. ELECTROLYTIC ZINC The New Zealand Stock Exchange Association received the following cable from the Electrolytic Zinc Corporation on June 8: “ Board of directors declared participating dividem, 9d per share, on both preference and ordinary shares in respect of 1933; also dividend, 2s per ■share, on preference shares, being first half fixed preference dividend for 1934. Both dividends less income tax at 2s lOd in the £, paid on July'2 in British currency to shareholders on both London and Melbourne registers. Transfer books will close 4 p.m. on June 14, and reopen on June 0.6.” DEVONPORT STEAM FERRY COMPANY The Devouport Steam Ferry Company’s net profit for the year ended April 30 was £7,673. as against £7,581 last year, with £399 brought into the accounts. There is a balance of £8,702. The interim dividend of 21 per cent, absorbed £3,750, leaving £4,322' available. ’The directors recommend a final dividend of 2| per ent., making o per cent, for the year funchanged rate), and leaving £372 to be carried forward. The dividend will be paid on June 21. Auckland Press Association. , MOTUROA OIL FIELDS The following report for the four weeks ended June 9 has been received from the Motorua Oilfields •• Limited, New Plymouth:— Moturoa No. 4 well: produced 7,945 imperial gallons of crude oil. Total production to date 14,045 imperial gallons. Moturoa No. 2 well: Produced 4,900 imperial gallons of crude oil. . Total production to date 527,104 imperial gallons. Running tubing’ at No. 4, and cleaning-out operations at No. 2 wells are responsible, for reduced ■ production from, each of these wells over the four weeks.

Quotations- as under:— Buyers. Sellers. S s. d. £ s. d. BANKINGBank of Australasia 11 15 0 Bank of New South ■ Wales ,— 32 2 6 Bank of New Zealand 2 10 9 2 11 9 Bank of New Zealand, Long ” D” 1 15 0 — Commercial Bank ' — 0 IS & E.S. and A. Bank ... — 5 6 0 National Bank of New Zealand — 4 2 0 National Bank of Australasia . (cont.) ... — 6 7 0 Union of Australia Ltd — 10 0 0 INSURANCE— National Insurance . Co.- .;. — 1 0 7 Standard Insurance ■ Go, 3 4 0 5 6 0 SHIPPING— ■ Huddart., Parker (pref.l, . 1 . 1 5 6 -- U.S.S. Co. (pref.) ... 1 5 6 — COAL- ' Kailangala Coal 1 0 3 1 1 6 Westport Coal Co. ... 0 17 0 — LOAN AND AGENCY— Goldsbrough, Mort ... 1 11 6 National Mortgage ... — 3 2 0 N.Z. Loan and Mer-. Pantile (ord.) 57 0 0 61 0 0 N.Z) Guarantee Corporation 0 4 4 — Trustee's,- Executors, aud Agency ...' 5 0 0 — Wright, Stephenson (pref.) ... 1 ~ 1 0 6' MEAT PRESERVING— N.Z Refrigerating o o (paid) .... N.Z. Refrigerating (cont.) ... 0 8 10 0 9 1 Southland Frozen Meat (paid) ... : 3 7 0 — Southland Frozen Meat (cont.) ... 1 13 9 ... Southland Frozen Meat (pref.) ... 3 7 0 — Waitaki Freezing ... — 3 10 0 •3ISOELLANEOUS— British Tobacco 1 17 0 — Broken Hill Proprietary ... ’ 2 6 6 Broken Hill South ... 3 12 0 — Brown, Ewing (pref.) 1 0 6 — Bruce Woollcu Co. (pref.) f 1 1 0 — D.i.C. (pref.) ... ... •1 3 9 — Dominion Fertiliser ... 0 17 6 — lumiuion Fertiliser ’ Debentures • ... 304 0 0 — Dominion Rubber 1 4 0 — . Juiipdiu Slock Exchange Proprietary ... ... 1 19. 0 2 4 0 kaiapoi . Woollen (ord.) ... 0 9 8 0 10 4 Kaiapoi Woollen (cont.) 0 '3 6 — Kaiapoi Woollen (pref.) ... — 0 19 6 MilbUrn Lime and .Cement ... .... 1 12 0 — Mount Lyell ..; ... 1 1 0 1 1 6 X;Z. Drug Co 3 16 0 — N.Z. Malay (Rubber. 1 (pref.) , .; 1 1 0 1 3 6 N.Z. Paper Mills ... . 1 9 5 — 'Olago Daily Times ’ 2 6 0 — Uegent .Theatre' — 1 0 6 Smith and Smith - (pref.) ■ ... 0 17 0 - BREWERIES N.Z. Breweries 2 4 0 2 4 6 Dunedin Brewery • ... 1 5 0 — Timaru. Brewery (10s , paid) ... 0 8 9 — OIL— Moturoa (ord.) ...' ... — 0 4 5 OUJ MINING— Bell-Hooper 0 0 5.', 0 0 3 Bell-Kilgour 0 0 3i 0 0 5 Bendigo Gokllight ... 0 0 V 0 0 9 Big River ... ... — 0 0 10 Brian Born (Is paid) 0 1 6 — Central Shotover — 0 0 11 . Gillespie’s ... .:. ... 0 1 9 0 1 11 Golden Point 0 0 2i 0 0 Golden Sands — 0 3 0 Goldfields Dredging 0 0 9i 0 0 10^ Glenroy 0 0 9 — Kildare ... • 0 1 10 0 2 0 King Solomon 0 3 9 0 4 2 Lawson’s Flat — 0 0 5 Maerewhenua ■ 0 0 81 0 0 9 Mahakipawa 0 0 10 — Mining House — 0 0 8 Moonlight, Nelson Crock , ... — 0 0 8-J Nevis Diesel — 0 0 4 New Cornish Point (la paid) — 0 o 104 Nokomai 0 2 9 0 3 I Okarito — 0 8 5 Oxeiibridgc ... — 0 1 0 Skippers — 0 1 1 Waipi Grand. June., ex div — 0 4 9 Wait aim — 0 4 6