QUIET MARKET

Evening Star, Issue 23683, 17 September 1940, Page 9

QUIET MARKET

FEW CHANGES RECORDED DRUG RIGHTS AT HIGHER LEVELS I’roccedinprs were - again quiet on the Dunedin Stock Exchange I his morning, the only sale reported being of the parent Woolworth issue at 18s. Government issues were in strong demand, witii no oilers coming forward. There was an offer of Union Banks at £7 5s Meat preserving issues were wanted, New Zealand Refrigerating (cont.) being quoted at 9s 4d and 9s Bd. New Zealand Drug shares were quoted at £3 13s 6d with sellers at £3 16s. The rights showed au appreciable advance with the hid at £1 6s Id. There was no advance in the bid for Clutha Rivers in spite of the record wash-up, but sellers refrained from quoting. There was a demand for Xemonas at a low figure, and several parcels have changed hands lately. SALES REPORTED. —Yeterdtiy.— New Zealand Refrigerating (cont.), Ss 6d; Big River, 7d. —This Morning.— Woolworths Ltd., 18s. MINING NEWS ALEXANDER YEAR. The fourteenth annual meeting of shareholders of the Alexander Mines Ltd. was held at Rccftou. Mr D. A. M'Vicar, chairman of directors, presided. The directors’ report, balance sheet, and statements of accounts for the year ended May 31 were received and adopted. The two retiring directors. Messrs J. B. Discaciati and James Haiety, were re-elected unopposed. Mr M. J. Fogarty was re-elected auditor. The remuneration of the directors and auditor Was fixed at the same rate as last year. It was decided slightly to change the practice of issuing weekly reports showing the progress of operations in the mine to the issue of a report at the end of each month showing the result of the operations in the mine conducted during that month. The last-naified report will also contain the gold returns for the month. The Chairman reported that ,as a result of developments underground in the mine the prospects of the mine had materially improved during the last month, and this improvement was being maintained. PROPERTY SALE Messrs R. S M’Kcnzie Ltd. report having sold yesterday after auction the freehold bungalow property of Mr J. J. A. Donaldson, at No. 85 Wales street, Bishopscourt. The purchaser was Mr J. 8.,A. Sutherland. AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright SYDNEY, September 16. Buyers cautiously raised their limtis in the industrial section on the Stock Exchange to-day, resulting in an improved tone. The turnover was on normal lines. Morning Sales.—Commonwealth Bonds—4 p.d, 1941, £lOl 15s; 4 p.c., 1961 (ex interest). £lO7 ss; Tooths, £2 9s 3d; Tooheys, £1 8s; Authony Hordern, 13a 3d; Australian Consolidated Industries, £1 15s 3d (contributing. New Zealand delivery), 16s 9d; British Tobacco, £2 7s 9d; Broken Hill Proprietary, £2 4s; Colonial Sugar, £47. Afternoon Sales.—Bank of New South Wales, £26; Burns, Philp, £2 10s 3d; Dunlop Perdriau, 17s lOd; Farmers, £l-5s 6d; Stedman (ex div.), 11s 6d; Morris, Hedstrom, £1; Felt Textiles, £1 19s 9d; Henry Jones, £2 13s; Electrolytic Zinc, £2 11s (pref., £2 12s 3d); Mount Lyell, £1 7s 6d; Rawang, 7s 9d. ’ MELBOURNE, September 16. Commercial Bank of Australia, 13s 8d; ‘ Herald and Times,’ £2 5s 6d; Broken Hill Proprietary, £2 3s 9d; Loloma, £1 Zs 9d; Mount Morgan. 8s 2d. DIVIDENDS AND CALLS. The following is a list of shares on which dividends will shortly be payable:— Milburn Lime and Cement—Final, 5 per cent. ... Sept. 17 D and W. Chandler Halfyearly, pref., 3 per cent Sept. 18 Electrolytic Zinc Ltd. Halfyearly 8 per cent., pref. and ord. shares Sept. 20 N.Z. Drug—lnterim, 3j per cent. Sept. 20 Howard Smith Ltd.—lnterim, 2 per cent, (ord.), quarterly, 6 6 per cent, (pref.) ... Sept. 25 Bank of Australasia—Final, 7 per cent ... Sept. 27 Barnet Glass—Final, 4 per cent. pref., 4i per cent; ord Sept. 30 Cox Bros.—Ord., Is a share, pref., 8 2-5 d a share ... Sept. 30 General Industries Ltd.—lnterim, 3J per cent, pref., 5 per cent. ord. Sept. 30 United Building (Christchurch) — Interim, 2£ per cent Sept. 30 Felt and Textiles—Ord., final,. 5 per cent.; pref., half-yearly, 3 per cent Oct. 1 Woolworths (Victoria) Ltd.—3^ per cent, pref Oct. 15 Woolworths Ltd. (Sydney)—Halfyearly, 6 per cent, (ord.) ... Oct. 15