FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 760, 5 September 1929, Page 10

FINANCE & MARKETS

A Firm Market

Demand for Gilt-Edge Stocks

By

“Noon Call.”

AVERY firm market for gilt-edge securities continues to be one of the features on ’Change. The market for 41 per cent, free-of-income-tax Government Loans is particularly firm, holding at slightly over par.

Fluctuations Price movements, shown by a comparison of sales over the past 24 hours with the price at the time of the previous recorded sale, include: Waihi Grand Junction, rise of 2d. Bus.ness on the Auckland Market Transactions on the Auckland market over the past 2-4 hours included : Yesterday afternoon: Auckland Gas, 24s 6d; Devonport Steam, 21s; Grey .-<nd Menzies, 11s 3d; Broken Hill Mining, 71s. At this morning’s early call: On Change.—Ohinemuri Mining, 10s Sd; Taranaki. Oils, 4s 6d (two parcels). Reported.—X.Z. Guarantee Corp., 9s Tel: Waihi Grand Junction, Is lOd; Renown Collieries, 13s 9d. At Midday.—On ’Change: Sanford, l.td.. ISs sd; Waihi Grand Junction, Is lOd. Reported: Grey and Menzies, Jls 3d; Ohinemuri Mining, 10s 9d. * c # C. L. Innes Dividend At the annua! meeting of C. L. Innes. Limited, held in Hamilton, the report and balance-sheet showed another year of healthy progress. The directors recommended the usual dividend or 8 per cent., on both issues of shares. The retiring directors, Messrs. A. A. Martin and C. Howard, were reelected. ♦ * * Dunlop - Perdriau Scrip Greater interest is being taken in Dunlop-Perdriau shares, and the market has a firming tendency. It is anticipated that the combined balancesheet of the amalgamated companies will show a very satisfactory position.

Market at Midday Tho banking group shows little change. Commercials of Australia hold yesterday’s improved market, leaving the midday call with a middle price of 30s. Woollens continue to register a weakening tendency, and sellers predominate. tellers of both issues of Wellingtons were not supported. Hayward’s Pictures were offered at 19s sd, without receiving support. Mining continues active with interest spread over a wide range. Activity in Coals Although the actual turnover has not been heavy, increased movement has been shown in the coal group. Grey Valleys are decidedly firmer, with buyers at this week’s improved market price of 27s failing to draw sellers below 30s. Renowns are active around 15s 9d. A buyer of Pukemiros came in this morning at 70s. Taupiris strengthened to leave tho midday call with a middle price of 29s Gd. Calls and Dividends Dividends— Due. North Auckland Farmers’ Coop.—G p.c. p.a. (pref.).. .. Sept. 5. Electrolytic Zinc—6 p.c. pref. and ord. (final) Sept. 6. Howard Smith—2 £ p.c. ord. (int.) Sept. 10. Holden’s Motors—ls a share ord. (final); S p.c. p.a., A and 13 pref ..Sept. 11. Tluddart-Farker—s p.c. ord., 3 p.c. pref. (int.) Sept. 19. Kaiapoi Woollen—4 p.c. p.a. ord.; 6 p.c. p.a. pref Sept. Kempthorne Prosser—42 p.c. (int.) Sept. ITume Pipe—S p.c. p.a. (final) . Sept. 30. Whittome Stevenson, 2s a share (final) Sept. 30 Bank of Australasia—7s a share (int.) About Oct. 5. Calls— Taranaki Oilfields —Is a share Sept. 11.

TODAY’S QUOTATIONS

NEW EXCHANGE RATES

LONDON ON NEW ZEALAND (Australian and N.Z. Press Association) LONDON, Tuesday. The associated Australian and New Zealand banks announce that, as from September 4, the rates of exchange for buying documentary bills and selling drafts will be as follow: — Buying. Selling, s. d. s. d. on demand •• •» 40 0 dis. 20 0 dis. Thirty days ... 31 S dis. Sixty days .. .. 62 6 dis. Niney days .... 73 9 dis. Telegraphic transfer lo 0 dis. CHICAGO WHEAT MARKET (Australian and X.Z. rress Association) Reed. 9 am. CHICAGO, Wed. Wheat.—September, 1 dollar 31 7-S « ents a. bushel: December, 1 dollar 403 t-ents; March, 1 dollar 46i cents; May, 1 dollar 50i cents.

COMPANY REGISTRATIONS Four new companies, one public and three private, have been registered in Auckland. Details are;— Public Murray Deodorisers. Limited, agents for Murray Deodorising apparatus, and Armltage purifiers. Capital: £35,000. in £1 shares. Subscribers: Malcolm Stewart, William Glasson Phillipps, William Edgar Lewisham, William Henry Onnrod, Cyril Pinley Phillipps, Arthur John Carson and Francis Stokes Board, all of Auckland, 230 shares each. • Private G. W. Vaughan. Limited, butchers*. Capital, £9,000, in ’£l shares. Subscribers: George William Vaughan, of Rotorua. 3,500 shares; H. J. Gill, of To Puke, 2.500 shares; Alexander Miller, of Hamilton. 1,500 shares; Richard Copeland Smith, of Rotorua, 1,000 shares; Louis Williams, of Rotorua, and Herbert Monro Martin, of Xgongotaha, 250 shares each. Transport and Storage, Limited, carriers and forwarding agents. Capital, £4,100, in £1 shares. Subscribers: Leonard C. H. Dawson of Auckland, 3,000 shares; Robert John Stoll Irwin. of Auckland, 500 shares; Henry Bennet, of Frankton Junction, 250 shares; Percy Sawyer, of Auckland, 200 shares; Edward John Wyatt, of Otahuhu, 150 shares. A. K. Savory and Company, Limited, furniture manufacturers and dealers. Capital, £1.500, in £1 shares. Subscribers: Alfred Ernest Savory, of Cambridge. 1,400 shares; Ada Jane Savory, of Cambridge, 100 shares. FRANKTON DAIRY SALE Dalgety and Company, Ltd., Hamilton, report having held its weekly dairy sale at Frankton yesterday, when good dairy heifers and cows sold readily under keen competition. Prices were as follow: Good Jersey heifers. £lO 10s to £l2; smaller and later sorts, £8 lt»s to £10: Holstein heifers, £9 to £11; calved heifers, £6 t-> £9 10s; good dairy cows. ,£l2 to £l4; later calves, £S to £10; others, £6 10s to £S; cows in profit, £7 to £9 10a.

Closing quotations at today’s mid -day Buyers. Sellei SL s. d. £ s. d BANKS— Aust. of Commerce 1 15 1 1G 6 Australasia, 14 0 14 12 G Com. of Australia . 1 9 9 1 10 3 Ditto (pref.) .. .. ' 7 10 0 Eng., Scot, ancl Aust. 8 G 10 0 National of N.Z. . . G 19 G Xew Soutl» AN ales . . 51 15 0 New Zealand . .. 3 Union of Aust. .. 15 - o 15 o 0 INSURANCE0 in 0 0 14 Xational i(i 6 0 1G 10 New Zealand .. .. s 0 8 4 6 a 4 South British .. 3 5 G 3 7 0 LOAN AND AGENCY— (pref.) 4 S 0 t 13 0 Dalgety and Co. .. 15 4 0 0 Ditto (B pref.) 0 17 0 0 IS • coUlsbrouph. Mori . 9 Newton Kins . 0 1 0 0 Ditto (pref.) 0 12 G 0 15 0 N.Z. A; River Plate 1 10 1 11 6 X.Z. Guar. Co»*p. . 0 0 9 N.Z. Loan Merc. 1 .24 0 0 Ditto (pref.) .. .. N Auek Farmers' St 0 0 0 »’o-op. (ord. ( . . .. 0 AY right, Stephenson 1 G u 4 (UAL — * Jrey A’alley 1 7 0 1 10 0 1 iikurangi Ditto (pret.) .. .. 0 0 0 10 o 0 15 0 li 0 Taupiri 1 0 0 Ditto (pref.) .. .. Ditto (rights) . .. 0 Westport "West port-Stock ton . Ditto (pref.) .. .. CAS — 1 4 4 1 0 4 6 Ditto (con.) .. .. 0 17 9 SHIPPING— Pevonport Steam .. 1 0 6 1 1 9 Howard-Smith lluddart-Parker 0 G Dit to (pref.) .. . . 0 14 Northern Steam 0 10 Ditto Icon.) 1* and O. (def. stk > Union Steam (preT.) TIMBER — 1 — 0 IS 0 National 0 0 9 rarker-Lamb .. .. — WOOLLEN — Kaiapoi 0 ia 9 0 14 4 Ditto (pret.) .. .. 0 o AYellington Ditto (pref.) .. •• — 7 1 JO BREWERIES— C. T j. Innes .. .. 1 0 S Ditto (pref.) .. .. X.Z. Breweries u — J. Staples — - MISCELLANEOUS— 0 „ 0 Australian Glass .. 2 19 9 . a Booth. Macdonald (ord.) o 1 British Tobacco .. .. - 1

call were:— Cuye s. Selle •s. Bycroft, Ltd 1 15 0 Colonial Sugar . . .. 0 0 Dominion Pictures 1 0 0 Ditto (pref.) .. .. 1 0 6 Dunlop-Perdriau . • 1 8 6 1 6 electrolytic Zinc (ord.) 1 18 6 1 19 0 Ditto (pref.) .. .. 1 IS 6 1 19 6 Farmers' Trading . . 0 9 0 9 6 Ditto (A pref.) .. 0 17 0 19 0 Ditto (B pref.) .. 0 14 0 16 0 Dear Meat 4 6 Grey and Menzies . 0 10 9 Hayward’s Pictures 0 19 Henry Jones Co-op. 1 13 11.M. Arcade (prer.) 1 1 U Kempthorne-Prosser 17 0 Lewis Lady (ord.) . 1 0 Ditto (pref.) . .. 1 0 0 Milne and Cnoyce . 1 6 6 Ditto (pref.) .. .. .1 6 6 Ditto (B pref.) .. 1 6 Ditto (deb. stock) 1 6 Morris Hedstrom 1 3 Ditto (pref.) . . . . 0 19 0 X.Z. Farmers’ Fert. 1 1 .0 1 6 X.Z. Paper Mills 1 0 0 N.Z. Refrigerating (con.) .. .. .. .. 0 « 0 0 Robinson Ice Cream 1 0 IS 0 IS Ditto (pref.) .. .. 1 0 1 1 6 Sliarland and Co. .. 1 1 0 Ditto (pref.) . . . 1 6 Taranaki Oilfields . 0 W 4 0 4 Whittome- Stevenson — 2 10 0 Wilsons Cement 2 3 9 2 4 9 MIXING— Albumin (2s 10d pd.) 0 1 3 0 2 0 Moanataiari (paid). 0 o 9 0 1 1 Ditto (con.) .. . . 0 0 1 0 0 4 Lucky Shot (4s paid) 0 1 0 0 1 6 Ditto (con.) 0 0 0 1 0 Mt. Welcome (paid) 0 0 3 Ditto (con.) .. .. 0 0 Ohincmuri (ord.) 0 10 0 10 10 Wailii 0 13 2 0 13 8 Waihi Grand .Tunc. 0 1 0 L 11 Broken .Ilill Propty. 1 10 0 1 12 0 Broken Hill South’ 10 Mount Lyell . . . . 0 Kuala Kampar Tin 0 13 'o 0 13 9 !DEBENTURES — i Auckland Gas, 1932, 1 o per cent 96 0 0 0 0 Ditto, 5i p.c 101 0 0 1940, 5i p.c 99 0 0 Ditto. 1936. 61 p.c. 99 0 0 101 0 u 1 Bor ML Eden. 6.. 104 10 0 t £5 14s, 1963 .. . 103 0 0 105 0 0 i fc;, 1966 100 0 0 102 10 ' X.Z. Breweries 1 1 8 G Gisborne Sheep- — farmers .. .. .. — ’GOVERNMENT BONDS— War Loan, 1930. 4i 99 0 0 — Ditto, 1938. 4i p.c. 100 0 I Ditto, 1939, 4j p.c. 100 0 0 Ditto. 1941 4* p.c. 100 0 1 >itto. 1933. 6i p.c. 99 10 0 Ditto. 1933, 61 p.c. 101 6 0 1 Ditto. 1D3C. 5} p.c. 101 6 0 — 1 INSCRIBED STOCK War Loan. 193S, 41 100 0 0 100 10 0 ! Ditto, 1939, 4j p.c. 100 0 | Ditto, 1927-41, 51 99 10 0 Ditto. 1933. 61 p.c. 99 10 1 Ditto. 1933, p.c. 101 — ! Ditto. 1936. 51 p.c. 101 —