THE SHARE MARKET

Evening Star, Issue 21745, 13 June 1934, Page 6

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE Three parcels of Dominion Fertiliser shares changed hands at 18s this morning, while tho fully-paid issue of Southland Frozen Meats had business at 70s, an increase of 3s on yesterday’s buying offer. Australasias provided the only buyer in the banking section, in which there was an easier market. Insurance stocks were practically neglected. Westport Coals have persistent inquiry at 17s. but otherwise interest has waned iu coal shares. Improved offers were made for Southland Frozen Meat shares, following business at 70s, but no more were for sale. Dominion Rubbers had a closer market, but no other change was noticeable in this section. Quiet conditions prevailed iu the gold raining section. ° Government Loans still remain very firm. SALES. ' On ’Change.—Southland Frozen Meat (paid), £3 10s; Dominion Fertiliser, 18s (3). Reported.—E.S. and A. Bank, £5 3s 6d. Quotations as under:— Buyers. Sellers. £ s. d. £ s. d. BANKING— Bank of Australasia 11 15 0 Bank of N.S.W. ... 31 15 0 Bank of New Zealand —2 11 4 Commercial Bank ... 0 16 7 E.S. and A. Bank ... 5 5 0 National Bank of New Zealand 4 2 0 Union Bank of Australia Ltd 10 0 0

King Solomon 0 311 0 4 1 Lawson’s Flat —O, 0 5 Mahakipawa 0 010 00 HA Mataki Moonlight, Nelson Creek ... 0 0 54 0 074 Nevis Diesel. 0 0 4 New Cornish' Point (paid) 0 0 104 Nokomai 0 2 9 0 3 1 Okarito 0 8 0 0 8 4 Oxenbridge 0 10 Paddy’s Point 0 2 4 0 2 9 Skippers 0 011 Oil Upper Shotovor ... 0 0 9 Waitahu ■ — 0 4 6 Mossy Creek 0 16

N.Z. GOVERNMENT LOANS—(Bonds quoted are £IOO Bonds.) 5 i p.c. Stock. 19381943 105 10 0 34 p.c. Stock, 19391943 105 10 0 3j p.c. Stock, 19411943 ... 105 10 0 3j p.c. Stock, 19381952 105 10 0 3J p.c. Stock, 19391952 105 10 0 3i p.c. Stock, 19411952 105 10 0 4 p.c. Bonds, Jan. 15, 1940 105 10 0 4 p.c. Stock, Jan. 15, 1940 105 10 0 4 p.c. Bonds, Feb. 15, 1946 106 0 0 4 p.c. Stock, Feb. 15, ' 1946 106 12 6 4 p.c. Bonds, April 15, 1949 106 10 0 4 p.c. Stock, April 15, 1949 106 10 0 4 p.c. Bonds, Juno 15, 1955 108 0 0 4 p.c. Stock, Juno 15, 1955 108 10 0 DIVIDENDS DUE. Broken Hill South- Is 6d a share, payable m Melbourne ’ June 15 Robinson Ico Cream, Auckland—--6 p.c. per annum Juno 15 Bank of N.Z. -final, 5 per cent., making 10 p.c* for the year ... Juno 15 Devouport Steam Ferry—final, 2Jr p.c., making 5 p.c. per annum June 21 Gear Meat—interim, 24 p.c. ... Juno 21 Australian Glass—ord. and pref., 9 per cent June 27 Goldsbrough, Mort—6 p.c. p.a. ... Juno 28 North Broken Hill—ls 6d per share payable Melbourne ... June 29 Morris, Hodstroni, Fiji—final of 2 per cent., making 4 per cent. per annum * June 30 British Tobacco—quarterly, ord., 14 p.c Juno 30 Queensland Insurance —interim, at rate of 10 p.c. per annum ... July 2 National Mortgage—interim, 24 per cent ... July 2 N.Z. Breweries—Final, 34 p.c., half-year - .. ’ July

* AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright. SYDNEY, June 12. On the Stock Exchange the uncertainty of the wool position and the prospect of the Federal elections are unsettling the market, but there is exceptionally active trading in gold min ing shares, which comprised two-thirds of the day’s turnover.-. Later Sales.-—Bank of New South Wales, £3l; National Bank (£5 paid), £6 6s; Bank of Adelaide, £5 12s 6d; Australian Provincial Assurance, 10s 4d ; Associated News, 22s 7id; Adelaide Steam, 25s 3d; Huddart, Parker, 345; Burns, Philp South Sea, 255; Australian Gas (A), £7 18s 6d; Tooth’s. 43s 6d; Australian Glass, 60s 9d; Goldsbrough,. Mort, 31s: Wiloox; Mofflin, 11s 9d; Greater J. D. Williams,: 6s 6d; Farmers, 19s 9d'; David Jonos. 39s 6d: Anthony Hordern, 15s; Standard Cement, 17s 6d; General Industries, 12s Id; General Industries (pref.), 23s 3d; Mount Morgan, 26s 6d; Broken Hill Proprietary, 45s 3d; South Broken Hill, 72s 9d; North Broken Hill, 92s 6d; Rawang. 9s; Larut, 14s lOd; Kuala Kampar, 17s; Placer Development, £24 18s; Euratha Gold, 13s 3d. MELBOURNE, June 12. Sales.—Australian Glass, 51s; Howard Smith, 14s 4d; Dunlop Perdriau, 18s; Mount Lyoll, 21s. LONDON STOCK EXCHANGE Press Association—By Telegraph—Copyright. LONDON, June 10. (Received June 13, at 10 a.m.) Dalgety’s* shares, £7 10s; 4 per cent, debenture stock, £IOO 10s; Goldsbrough, Mort 5 per cent. B debenture stock, £99 (ex interest). PRICE OF GOLD Press Association—By Telegraph—Copyright. LONDON, June 12. (Received June 13, at 11 a.m.) Fine gold is quoted at £6 17s 7id per

IMPORTS INTO UNITED STATES Under a' regulation which came into force on May 10, United States authorities require that marking of imported goods shall be more stringent. Section 304 of the United States Tariff Act provides that every article imported into_ the United States, and its immediate containers, and the package in which such article is imported, shall be marked, stamped, branded, or labelled, in legible English words, in a conspicuous place, in such manner as to indicate the country of origin of such article, in accordance with such regulations as the Secretary of the Treasury may prescribe. Such marking, stamping, branding, or labelling is to be as nearly indelible and permanent as the nature of the article will permit. Provision exists for certain exemptions from the regulations when it is deemed that the article in incapable of being marked, or that expense of marking is economically prohibitive of importation, or that labelling of the immediate container will reasonably indicate the country of origin of the* article.

DULL CONDITIONS LONDON STOCK EXCHANGE Dull conditions prevailed on the Stock Exchange recently,, with some decline in prices in most sections. One exemption was South " African gold mining shares, which were active on the rise in the price of gold and the expectation that the majority of companies will ha able to materially increase their dividend distributions. The gilt-edged market has been ; pressed, British funds all showing declines. Australians were also slightly, lower. /1 An indication of the state of the market was afforded by the latest loan issue of Southern Rhodesia for £2,750,000 at 3i per cent. (1955-65), issued at 97J. Contrary to recent experiences the list of cash subscriptions remained open the full time. It is expected that the underwriters will be saddled with a considerable portion of the loan.

INSURANCE— National Insurance ... 1 0 6 N.Z. Insurance Co. 3 3 6 SHIPPING— Huddart, Parker (ord.) 1 14 6 Huddart, Parker (pref.) 1 5 « U.s.S Co. (pref.) ... 1 5 6' — COAL— Westport Coal Co. ... 0 17 0 - LOAN AND AGENCYGoldsbrougli, Mort ... _ 1 11 3 National Mortgage ... — 3 2 0 N.Z. Loan and Mer. can tile (ord.) 57 0 0 59 0 0 N.Z. Guarantee Corporation 0 4 3 Trustees, Executors, and Agency 3 5 0 Wright, Stephenson (pref.) 0 19 0 1 0 6 ■Wright, Stephenson (4 p.c. stock) 92 5 0 — MEAT PRESERVING— N.Z Refrigerating (paid) 0 19 7 N.Z. Refrigerating (cont.) 0 8 11 0 9 0 Southland Frozen Meat (paid) 3 9 0 — Southland Frozen Meat (cont.) 1 14 9 Southland Frozen Meat (pref.) 3 9 0 — South Otago Freezing 5 19 0 — Waitaki Farmers’ Freezing 2 7 6 — MISCELLANEOUS— British Tobacco X 17 0 1 17 9 Broken Hill Pty. — 2 5 6 Broken Hill South ... 3 12 0 — Brown, Ewing (ord.) 0 18 6 — Brown, Ewing (pref.) 1 0 6 — Bruce Woollen Co. (ord.) 0 9 6 — Bruco Woollen Co. (pref.) 1 1 0 — D.I.C. (ord.) 0 14 6 — D.I.C. (pref.) ■ 1 3 9 —- Dominion Fertiliser ... 0 17 10 0 18 3 Dominion Fertiliser Debentures ... ... 104. 0 0 Dominion Rubber 1 4 9 1 s : ,3 Dunedin-Kaikorai Trams ... 1 15 0 Dunedin Stock Exchange Proprietary ... ... 1 19 0 2 5 0 Kaiapoi Woollen (ord.) 0 9 9 0 10 4 Kaiapoi Woollen (cent.) . 0 3 6 0 3 10 Kaiapoi Woollen (pref.) Milburn Lime and — 0 19 6 Cement 1 12 3 — Mosgiel Woollen Co. 10 0 0 — Mount Lyell 1 0 9 1 1 3 N.Z. Drug Co 3 16 0 — N.Z. Malay Rubber (pref.) X 1 0 1 3 0 N.Z Paper Mills ... 1 9 6 — ‘ Otago Daily Times ’ 2 6 0 — Regent Theatre — 1 0 6 Smith and Smith (pref.) Wilson’s (N.Z.) 0 17 0 — Cement 1 9 0 — BREWERIES N.Z. Breweries — 2 4 3 OIL— Moturoa (ord.) ~ 0 4 3 GOLD MINING— Bell-Hooper 0 0 5i 0 0 8 Bell-Kilgour 0 0 3* 0 0 5 Bendigo Goldlight ... 0 0 7 — Central Shdtover ... — 0 0 11 Charleston Gillespie’s — 0 1 6 0 1 9 0 1 11 Golden Point ... ... 0 0 3 0 0 4 Golden Progress — 0 1 0 Golden Sands — 0 3 0 Goldsfields Dredging 0 0 9i 0 0 10i Glenroy 0 0 9* — Hatter’s Flat — 0 0 7 Kildare 0 1 10