FINANCE & MARKETS

Sun (Auckland), Volume III, Issue 814, 7 November 1929, Page 10

FINANCE & MARKETS

Market Reacting Trend on ’Change Bv “Noon Call.” A MOKE or less reaction to tlie comparatively heavy trading and move toward higher levels shown earlier in the week has been registered on ’Change over the past 24 hours. Trading is confined to the more solid stocks.

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: Kuala Kampar Tin, fall of 1s Bd. Mount Lyell, fall of 4d. .Business on the Auckland Market Transactions on the Auckland market over the past 24 hours have been Accorded as follows: Yesterday afternoon: New Zealand breweries (deb.), 28s 3d; National Bank of Australasia, £lB 7s 6d; New Zealand Insurance, 46s 2d; Dalgety and Company, £l4 7s; Electrolytic Zinc <preft)» 35s 6d; Milne and Choyce «deb.), 27s 3d; New Zealand Farmers’ Fertiliser, 225; Mount Lyell, 41s; Ohinemuri, 10s 7d; Kuala Kampar Tin, 9d. At this morning’s early call: New Zealand Insurance, 46s 2d; Renown I Collieries, 17s (two parcels); Mount Eden. Borough, 1960, 5£ per cent, £lOl ,6s. At today’s middiy call: New Zealand Insurance, 46s 3d; Bank of New tSouth Wales, £4B 12s 6d (Sydney register); Commercial Bank of Australia (new issue), 27s 6d; New Zealand Insurance Stock, 1938, 4£ per cent., £lOl ss; Ohinemuri Mining, 10s 7d. .Wilsons Cement Dividend The directors of Wilsons Cement, Limited, advise that an interim dividend at tho rate of Is a share for the year ended September 30, will be paid on November 26. Transfer books c lose from November 13 to 26, both days inclusive. Mine Manager’s Reports ; Mine managers reports as follow: Hauraki.—“Stoping on the Stoekjtvood reef, above the 400 ft level, lias J' *rogressed in all faces, and where the ast lot of picked stond was got another 101 b of picked stone were selected from the main portion of the reef, jfend 21b of specimen stone were selected from the hanging wall pug formation; [the reef about this point is about Ift in width. The rise on the Green Harp jjeef at its junction with, the Stockjwoocl reef is up 6ft above the 400 ft level. A start has been made to continue the seaward face of the 400 ft level on the Stockwood reef toward the junction with the Venus reef. Mosgrel Woollen Company Profits A net profit of £10.990 is shown in the annual report and balance-sheet ! of the Mosgiel Woollen Factory Company. This amount is arrived at after making provision of £5,000 for depreciation. The sum of £2,000 has been •placed to reserve and an interim dividend in May absorbed £3,815. The 'directors recommend the payment of

;i final dividend of 4 per cent, and a bonus of 2 per cent., amounting to £5,722 16s, and equalling 10 percent, for the year. After payment of this there will be £10,248 6s 3d at the credit of profit and loss account. The distribution is 10 per cent, for the sixth year in succession. In addition, in 1927, a bonus of 12& per cent, was paid from the reserves.

Market at Midday A quiet tone was registered in the marekt at midday. Most of the business over the past 24 hours has been done in the vestibule. The whole market appears to be registering a state of uncertainty as to whether prices have not moved up far enough meantime.

In insurances, New Zealands, which were dealt with on a slightly easier market both yesterday afternoon and this morning, were firmer at midday, when further sales weer recorded. The loan and agency group is fluctuating. Dalgetys are firm with sales recorded at £l4 7s, compared with £l3 19s 6d a little over a week ago. Goldsbrough, Morts are weaker, sellers at under yesterday’s market failing to attract a sale. * * £ United Insurance Profits A profit of £66,862 was earned by the United Insurance Company for the year ended September 30. Interim dividend at the rate of 10 per cent, per annum is to be supplemented by a final distribution at like rate. Broken Hill Proprietary The directors of the Broken Hill Proprietary advise that owing to the prolongation of the coal trouble resulting in lower output and higher cost of production, the board has decided that they are unable to declare the usual half-yearly dividend. * 4c * Dividends Payable Due. Bank of Adelaide—interim, 10 p.c. p.a Nov. 6 Anthony Hordern—interim (half-yearly), pref., 7i p.c. p.a., ord. 8 p.c. p.a Nov. 13 Dalgety, Ltd., 3 p.c. and bonus of 7s a share .. .. Nov. 14 Queensland Nat. Bank.—interim 10 p.c. p.a Nov. 14 Northern Steam, interim at rate of 8 p.c. p.a Nov. 15 Broken Hill South—ls 6d a share Nov. 15 Burns-Philp—interim (halfyearly), 10 p.c. p.a Nov. 15 Taupiri Coal—interim, Is a share, ords Nov. 16 Nat. Bank of Australasia— Ord. and con., interim 10 p.c. p.a Nov. 27 N.Z. Paper Mills—interim, 32i P.c Nov. 29 Sharland and Co.—Pref. and ord. (final), 4i p.c Nov. Aust. Glass—lnterim, at rate of 9 p.c. p.a. on prefs., and 10 p.c. on ords .. .. •* .. Dec. 1

TODAY’S QUOTATIONS

nosing quotations at today's mid-day call wera:—-

BUTTER AND CHEESE Merchants report receipt of cables as follow: Newton King, Ltd., from R. and W. Davidson. Ltd., dated November 5: Butter, 174 sto 1775. Cheese, coloured, ;*3s; white, 935; exceptional quality, 945. The market is quiet. Dalgety and Company, Limited, from their London house, under date November s.—Butter, New Zealand, new season’s 174 sto 178 s; last season’s, 372 sto 1765. No inquiry. Holders are pressing sales. New Zealand Loan and Mercantile Compayn. Ltd., from London under date November 6:—New Zealand choicest butter, 175 sto 1765. Cheese, •white 93s to 945, coloured 92s to 935; market slow. Joseph Nathan, from Trengrouse and Nathan, Ltd., London:—“Butter: New season’s finest. 1765: very little available; hr*t grade. 171 s; stored finest, 170 s; marweak."-

AUSTRALIAN LOAN £10,000,000 LOCAL ISSUE (United P.A. —By Telegraph — Copyright) SYDNEY, Wednesday. The Commonwealth Government has decided to float in the Australian market a loan of £10,000,000. The stock will carry interest at 5£ per cent., and will be offered at 98. The loan will be redeemable at par in 1934. COLOMBO TEA SALES (United P.A.—By Telegraph — Copyright) COLOMBO, Tuesday. At this week’s tea sales in Colombo -,110,0001b were catalogued. The market was irregular and as a result of the inferior quality, commonest kinds were generally a little easier. Other grades were dearer.

AWAITING EXPORT PRICES N.Z. STOCK MARKETS MOVEMENTS REVIEWED By K.W.C. Graziers and dealers throughout the Dominion continue to speculate as to exactly on what basis the export market will open in New Zealand this season. One of the factors holding up the opening is the scarcity of suitable shipping space; apart from the Remuera, which leaves Auckland today to pick up her final cargo down the coast, there is no other boat on present sailing dates which would catch the Home market. As reported in this column last week, the Kemuera picked up a small consignment of lamb at Auckland, the bulk of which is reported to have been bought “in the paddock.” A few thousand lambs are reported to have been killed in Hawke’s Bay in readiness for the Remuera; the price to the grazier down there is reported to have been in the vicinity of S|d on the hooks. As the consignment is a special one destined for a special market, however, the pricp cannot be taken as a basis on which to assess the opening rates for the season. Auckland prices are expected to be available at the Waikato Show next week. Yesterday's Westfield Market

At the Westfield market yesterday* prices in practically every section showed little change on late rates. An offering of approximately 350 head of fat steers was made up of mostly handy weight cattle drawn from over a wide range. One of the biggest lines of choice quality cattle seen in the yard tor some time came forward in a consignment of 44 wellfinished steers from Paterson Bros., Motiti Island. Waikato graziers were the biggest supporters of the entry’; one or two choice quality lines were also forward from the Bay of Plenty. Top price of the day was received for a line of exceptionally choice prime steers on account B. Reed, Waerenga, which made up to £l7 7s 6d. Best ox beef made up to 43s a hundred; best cow made up to 40s a hundred.

The market for indifferently finished vealers was inclined to be easier; well finished sorts, however, sold at prices practically on a par with late rates. Well finished medium weight shorn wethers made up the biggest part of the fat sheep offering. The market held firm at late rates. The favourable growing weather over the past few weeks has sent the grass away and several buyers yesterday were bidding freely on any line that would hold and put on condition and, at the same time, help to keep the pastures down. The buyers for the biggrer butchering firms took a big percentage of yesterday’s offering. A yarding of approximately 430 spring lambs came forward to meet a slightly easier market. Prices ranged round 9d a lb. Hawke's Bay Market

An average yarding of all classes of stock at the Stortford Lodge (Hastings) sale yesterday met with a steady demand at late rates. Fat bullocks made £l2 10s to £l6 ss; fat cows, £7 10s to £l3 17s 6d; fat heifers, £lO 5s to £l2 17s 6d; 18-months to 2£-year steers, £6 15s to £9 11s; two-year heifers, to £7 19s; yearling heifers, to £5 9s 6d; store bullocks, £9 to £11; store cows, £3 to £5 ss; cows and calves, to £5 15s; fat lambs, to 225; fat woolly hoggets, 23s 4d to 30s; fat woolly ewes, 21s 6d to 27s 3d; fat shorn ewes, 16s Ud to 225; fat and forward woolly wethers, to 32s Id; woolly wether hoggets, 24s lOd to 27s 9d; shorn twotooth ewes, to 26s 2d, Beef Easier at Johnsonville The cattle offering at Johnsonville (Wellington) yesterday comprised mostly prime heavy-weight bullocks, with a few pens of lighter sorts. Prices for all classes of beef except vealers showed an easing tendency. Vealers were in keen demand. The sheep yarded were mostly shorn, with an odd pen of woollies. Competition was good, with prices on a par with last week’s rates. Lambs were yarded in larger numbers than previously, and met with a ready sale, at prices about 2s a head below late values. Quotations:—Extra heavy bullocks, £l7 10s to £lB ss; heavy bullocks, £ls to £l6 10s; medium bullocks, £l3 to £l3 17s 6d; heavy heifers, £l3 7s 6d to £l4 17s 6d; heavy cows, £l4 os; vealers, £2 18s to £6; heavy woolly wethers, 38s; heavy shorn wethers, 29s to 30s; medium shorn wethers, 28s; heavy woolly ewes, 30s to 31s; heavy shorn ewes, 22s 6d to 235; medium shorn ewes, 20s to 21s 6d; woolly hoggets, 30s to 31s 6d; spring lambs, 24s to 28s 6d. All Round Decline at Addington At the Addington market yesterday there was practically double the normal entry in the major sections of the sale. Beef prices showed a further easing and mutton recorded a decided decline. An offering of 922 spring lambs met a market on a par to 3s a head below last week’s rates. Top price was 34s 7d. The market for an offering of 7,500 fat sheep showed a decline of up to 4s a head. Best shorn wethers made to 34s lOd; best shorn ewes, to 32s lOd. An entry of 695 fat cattle came forward to meet a market easier by 15s to 30s a head on last week’s prices. Choicest beef made to 48s a hundred. Extra prime heavy steers made to £22 12s 6d; extra prime heifers made to £lB 2s 6d. There was not a big entry of vealers and the quality was poor. The demand was keen. Values were:—Best 12 to 18-months, to £lO 3s 6d; good vealers, £6 to £7 10s; best calves, to £3; others, 14s to 30s. Westfield Prices Prices at Westfield yesterday ranged as follow; —■ Cattle. —Extra heavy prime steers, up to £l7 7s 6d; heavy prime, £l4 15s to £l6 ss; medium, £l3 5s to £34 ss; light and unfinished, from £10; heavy prime cow and heifer to £l2 2s 6d; medium, £7 10s to £9; small and light, £ 6 5s to £7 ss; unfinished, from £4 10s. Calves. —Extra heavy, runners, to £3 17s; extra heavy vealers, to £ 6 4s; ordinary heavy vealers. £4 5s to £4 15s; medium, £2 10s tc £3 15s; small, 35s to 48s; fresh dropped and small, from ss; rough and unfinished, 15s to 335. Sheep.—Extra heavy prime wethers, shorn, made £1 9s 6d to £1 10s 6d; heavy prime wethers, shorn, £ 1 Ss 6d to £1 9s 3d; medium prime, shorn, £1 6s 6d to £1 Ss 3d; light to medium prime, shorn, £1 5s 6d to £1 6s 3d; extra heavy prime young ewes, shorn, £1 2s to £1 4s; heavy prime ewes, shorn, £1 to £1 Is 9d; lighter prime, shorn, 18s to 19s 6d; other killable ewes, 16s 6d to 17s 9d. Lambs. —Heavy prime lambs made £1 4s to 27s 6d; lighter prime, £1 2s 6d to £1 3s 9d; light prime, £ 1 to £1 2s 3d: small, 18s to 19s 9d. Pigs.—Choppers made £1 10s to £3 ss; heavy prime baconers, £ 4 to £4 9s; medium, £3 14s to £3 18s; light, £3 9s to £3 12s; heavy porkers, £2 16s to £3 3s; medium, £2 11s to £2 14s; light, £2 5s to £2 9s: small and unfinished, £1 16s to £2 3s; stores, £1 16s to £2 4s; slips, £ l 7s to £1 10s; good weaners, £ 1 to £1 4s; smaller, 12s to 17 s.

DISTRICT STOCK SALES AUCTIONEERS’ REPORTS Auctioneers report on sales held throughout the district during the past week as follows: — New Zealand Loan and Mercantile Agency, Co., Ltd., report:—Sales were held during the past week at Westfield, Waiuku (pig sale) and Papakura. There is a steady demand for all classes of cattle, with values firm at late rates. At Waiuku fat and store pigs sold readily at late values. We quote: Best dairy cows, heifers, close to profit, £l2 to £ls 15s; other ditto, £8 10s to £ll 11s; backward springers, £0 10s to £9 17s 6J; aged cows and inferior heifers, £4 to £0 7s 6d; bulls, £4 to £l2, according to age, breed and quality; store boner cows, £;; 15s to £7 10s; beef, at fully Westfield quotations; yearling- to 18-months heifers, best, £6 to £8 10s; others, £3 10s to £5 ss; yearling to 15-months, steers, £5 to £7 ss; 2 to 2a-year steers, £7 30s to £8 15s; 3 to 31-year steers, £9 to £lO ss; 4 to 41-year steers, £lO 7s 6d to £ll 10s; grown steers in forward condition, £ll 12s 6d to £l2 ss. Alfred Buckland and Sons, Limited, report:—During the week we held sales at Westfield, Pukekohe, Wellsford, Kumeu, Tahekeroa and Tuakau, pig sales at Pukekohe and Waiuku, also three clearing sales. Full yardings of cattle came forward at all centres and changed owners at ruling values. There was an extra heavy entry of pigs at Pukekohe and the number penned at Waiuku was well up to the average. Prices realised for all classes of pigs were fully equal to Westfield quotations. Dairy cattle continue to be in keen demand, especially at clearing sales. Best cows sold at £lB to £25 for cows at Mr. Tsaac G. Wymer's Sale; good cows, £l4 to £l7 10s: second-grade cows, £ll to £l3 15s; other "dairy cows, £-8 to £lO 15s; aged and inferior cows, £4 10s to £t 15s; best springing heifers, £l4 to £2O 3 0s; this price being obtained at Mr. Wymer’s sale; good springing heifers £lO 10s to £l3 10s; smaller springing heifers, £6 to £10: empty young cows and heifers, £4 10s to £6; store and boner cows, £2 10s to £5 15s: heavy prime young cows and heifers, £8 10s to £ll ss: lighter fat cows and heifers, £5 10s to £7 17s 6d: fat steers, £l2 5s to £l4 17s 6d; forward-conditioned four-year-old steers, £lO 15s to £ll 17s Gd: three to four-year-old steers, £9 5s to £3 0 12s 6d; two to three-year-old steers, £7 15s to £9 2s 6d: yearling to 18-month-old steers, £5 15s to £7 14s: best 15-month-old dairy heifers, £7 15s to £8 12s Gd: less quality heifers, £5 10s to £7 32s Gd: other yearling heifers, £4 to £5 7s Gd. The Polled Angus bulls advertised at Tyakau on account of Mr. Alma C. Baker, Limestone Downs, Te Akau, were a nice lot and sold at £3 7 37s to Sljgns. Sound voung herd bulls made £5 5s to £l2 12s: heavy bulls, £5 10s to £9 1.0 s; other bulls. £2 to £5 ss: forward wethers, £1 5s 3d to £1 6s; fat ewes, 19s 6d. COMPANY REGISTRATIONS Two public and three private companies are included in recent Auckland registrations. Details are: PUBLIC Pyros Laboratories, Ltd.—Capital: £35,000 in £1 shares. Objects: Manufacturers and dealers in toilet and medical products. Subscribers: L. J. Shrubsall, 500 shares; M. L. Shrubsall, I, shares; R. J. Hislop, 100 shares; J. A. Duncan, 100 shares; W. R. Reyburn, 100 shares; T. H. Torrens, 100 shares; C. J. A. Griffin, 100 shares. Mutual Sales and Investments, Ltd. —Capital: £13,000 in £1 shares. Objects: To acquire and deal in real estate, etc., and act as money lenders, etc. Subscribers: Robert W. Maclaurin, 5 shares; James B. Grant, 5 shares; John William Ellis, 3 shares; Warwick J. Smeeton, 5 shares; William G. Teixeira, 5 shares; Douglas S. Kidd, 5 shares; G. E. Downer, 3 shares. PRIVATE The Kamo Meat Supply, Ltd.—Capital: £3OO divided into £1 shares. Objects: Butchers, etc. Subscribers: Ivy A. Powell and Marion W. Powell, 150 shares each. Campbell Paterson and Company.— Capital: £I,OOO in £1 shares. Objects: Sharebrokers,, etc. Subscribers. Campbell Paterson, 550 shares; William Valentine Worth, 450 shares. George Bros., Ltd.—Capital: £SOO in £1 shares. Objects: Wholesale and retail fish merchants, etc. Subscribers: Emanuel George, 249 shares; George M. George, 249 shares; T. S. Piggin, 2 shares.

BIG BRITISH LOAN £30,000.000 PLACED WITH BANKS. ETC. TREASURY OVER-PRUDENT U nitcd P.A.—By Telegraph—Copyright LONDON, Tuesday. It is understood that £30,000,000 worth of the new 5 per cent, conversion loan which is being: offered to the public at par has been placed with banks, insurance companies and other large houses at The ‘’Financial News” says the explanation is that the Treasury was laced with the necessity of covering January and February maturities, totalling about £31,000,000, at a time when the money market, owing to several causes, was even more perturbed and uncertain than it is at present. Had the Treasury anticipated such a favourable reception of the loan there would have been no reason for undertaking what virtually is an underwriting operation. The action of the Treasury was dictated by prudence, which event's have shown was excessive. AUCTION NOTES Robert C. Carr and Son will sell by auction at their rooms, 20 Swanson Street, tomorrow, at 12 noon, at the request of the mortgagee, a two-storev building of 10 rooms, divided into two self-contained five-roomed houses, with electric light, gas stove and wash-hous?; also, under instructions from the Public Trustee in the estates of Charlotte Bosomworth and John Fimister, a fiveroomed wooden dwelling situated in Woodlands Road, Glen Eden, with range and electric light, and a wooden shop and dwelling of two rooms, with fireplace and gas lighting, situated No. 13 Mill Street, Onehunga. The following properties will be offered for sale by auction by C. F. Bennett. Ltd., at their rooms, New Zealand Insurance Buildings, at 12 noon tomorrow:—Under conduct of the registrar of the Supreme Court, a dwelling containing five rooms on freehold section, containing 32.7 perches, situated in Inverness Avenue, off Dominion Road; also a property at 1 Bell Road, Remuera, comprising attractive modern home, containing seven rooms and offices, on freehold section 50ft by 162 ft. T. Mandeno Jackson will sell by public auction at their rooms, 9 Commerce Street, Auckland, at 11 o’clock tomorrow, Friday, the lease for 21 years from July 23, 1929, subject to payment of £360 (value of present improvements on property), of that property now in occupation of The National Trading Co., of New Zealand, situated corner College Hill and Beaumont Street, Freeman's Bay.

Buyer*, Seller,. f d. £ s. BANKS— Aust of Commerce 1 11 0 i 12 3 ’Australasia 13 15 — 10 Pom. of Australia . 1 7 7 1 6 14 IS JJat. of Australasia is 2 6 Ditto (con.) .. •• 17 Ni.S.W. (S.R.) 48 14 11 XJnion of Australia . INSURANCE— 14 S —- 0 13 6 — >'ew Zealand •• .. 2 6 Queensland 3 Bouth British •• •• 5 J.OAN AND AGENCY— Abrahams & Williams (pref.) ■* 10 0 — IHalgety and Co. . . 14 0 1 Ditto (A pret.) .. 0 18 Colrtsbrougrh. Mort. . l! 2 Newton Kin# (pref.) JC. Auck. Farmers* 0 0 3 0 Ditto B (pref.) .. 0 11 COALCrey Valley •• •• 1 7 0 — Ditto (pref.) .. .. 0 4 9 — Ditto (A pref.) .. To 16 5 Dukemiro Jtenown . - -- -• • • 0 9 0 17 3 Ditto (pref.) .. .. Taupirl 1 Ditto (pref.) .. .. 14 0 CAS— Auckland .. .. •• 1 4 10 _ Ditto (con.) .. .. 0. Thames SHIPPING— Devonport Ferry .. 1 1 6 1 2 9 Howard Smith .. .. 6 Huddart- Parker — Ditto (pref.) .... Northern Steam o Ditto (con.) .. .. Union Steam .. •• 6 TIMBER— Bartholomew .. .. 1 0 6 0 18 0 JCauri Timber .. .. *> J.evland-O'Brien .. 0 s 6 3 0 9 17 0 J’arker-Lamb .. .. 0 3 >VOOLLEN — Kaiapol (pref.) .. •• - 0 16 6 BREWERIES— js.Z. Breweries •• 4 7 0 4 S 3 JUSCELLANEOU S— Australian Glass .. Aust. Iron & Steel 2 12 0 2 14 0 British Tobacco W 5 b

* • 10 FINANCE &> Ml Market Reacting Trend on ’Change Bv ‘‘Noon Call.” A MORE or less reaction to the comparatively heavy 74 trading and move toward higher levels shown earlier in the week lias been registered on ’Change over the past 24 hours. Trading is confined to the more solid stocks. FLUCTUATIONS a final dividend of 4 per cent, and a Price movements, shown by a bonus of 2 per cent., amounting to £5,722 16s, and equalling 10 percent. comparison of sales over the past for the year. After payment of this 24 hours with the price at the there will be £10,248 6s 3d at the time of the previous recorded sale, credit of profit and loss account. include: — The distribution is 10 per cent, for Kuala Kampar Tin, fall of 1s 8d. Mount Lyell, fall of 4d. the sixth year in succession. In addition, in 1927, a bonus of 12£ per cent, was paid from the reserves. .Business on the Auckland Market Market at Midday Transactions on the Auckland market over the past 24 hours have been recorded as follows: — Yesterday afternoon: New Zealand breweries (deb.), 28s 3d; National Bank of Australasia, £18 7s 6d: New Zealand Insurance, 46s 2d; Dalgety and Company, £14 7s; Electrolytic Zinc (prefk), 35s 6d; Milne and Choyce ♦ deb.), 27s 3d; New Zealand Farmers’ Fertiliser, 22s; Mount Lyell, 41s; Ohinemuri, 10s 7d; Kuala Kampar Tin, I)d. A quiet tone was registered in the marekt at midday. Most of the business over the past 24 hours has been done in the vestibule. The whole market appears to be registering a state of uncertainty as to whether prices have not moved up far enough meantime. In insurances, New Zealands, which were dealt with on a slightly easier market both yesterday afternoon and this morning, were firmer at midday, when further sales weer recorded. The loan and agency group is fluetuating. Dalgetys are firm with sales recorded at £14 7s, compared with Fdei- Borough, 1960, 5£ per cent, £101 5 s. At today’s middiy call: New Zealand Insurance, 46s 3d; Bank of New £13 19s 6d a little over a week ago. Goldsbrough, Morts are weaker, sellers at under yesterday’s market failing to attract a sale. * Kouth Wales, £48 12s 6d (Sydney register); Commercial Bank of Aus«rali*t (new issue), 27s 6d; New ZeaA profit of £66,862 was earned by the United Insurance Company for the year ended September 30. Interim * * dividend at the rate of 10 per cent, per Wilsons Cement Dividend annum is to be supplemented by a The directors of Wilsons Cement, final distribution at like rate. I.imited, advise that an interim divirlend at the rate of Is a share for the Broken Hill Proprietary J ear ended September 30, will be paid The directors of the Broken Hill Proprietary advise that owing to the days inclusive. prolongation of the coal trouble resulting in lower output and higher cost of production, the board has decided Mine Manager’s Reports that they are unable to declare the Mine managers reports as follow: — usual half-yearly dividend. Jrlauraki.—“Stoping on the Stocktvood reef, above the 400ft level, lias Dividends Payable F rogressed in all faces, and where the Due. st lot of picked stonfl was got anBank of Adelaide—interim, other JOlb of picked stone were selected from the main portion of the reef, (half-yearly), pref., 7£ p.c. and 21b of specimen stono were selected p.a., ord. 8 p.c. p.a Nov. 13 from the hangingwall pug formation; Dalgety, Ltd., 3 p.c. and tthe reef about this point is about 1ft bonus of 7s a share .. .. Nov. 14 in width. The rise on the Green Harp Queensland Nat. Bank.—inireef at its junction with, the Stockterim 10 p.c. p.a Nov. 14 Northern Steam, interim level. A start has been made to continue the seaward face of the 400ft level on the Stockwood reef toward the junction with the Venus reef. at rate of 8 BTbken Hill South—Is 6d a share Nov. 15 Burns-Philp—interim (half- * * * yearly), 10 p.c. p.a Nov. 15 Mosgiel Woollen Company Profits Taupiri Coal—interim, Is a A net profit of £10.990 Is shown in Nat. Bank of Australasia— annual report and balance-sheet Ord. and con., interim 10 pany. This amount is arrived at after making provision of £5,000 for deprePaper Mills—interim, 3Ji p.c Nov. 29 ciation. The sum of £2,000 has been Old. (final), 4i p.c Nov. Iplaced to reserve and an interim diviAust. Glass—interim, at rate Uiend in May absorbed £3,815. The of 3 p.c. p.a. on prefs., and 'directors recommend the payment of 10 p.c. on ords •• .. .. .. Dec. 1 TODAY’S QUOTATIONS | Closing quotation* at today’* mid-day call wer.:— Buyer*, Seller*. £ s. d. £ s. d. Buyers Sellers. £ s. d. £ s. d. BANKS— Burns, Philp •• *. 2 10 — Colonial Sugar .... 52 0 0 o4 0 0 Aust of Commerce 1 11 0 1 12 3 Dental and Medical 0 9 0 — ’Australasia ...... 13 15 o Dominion Pictures .10 6 — Ditto '.pref.) .... 10 6 — National of N.Z. .. 6 14 6 “7 Nat. of Australasia 18 2 h IS 1- 6 Ditto (con.) .• .. 8 17 6 J J 6 N.S.W. (S.R.) .. 48 7 6 48 17 6 Now Zealand .. .. 3 0 6 * Union of Australia . 14 S 0 14 11 o Dunlop-Perdriau. .. 15 0 15 9 Electrolytic Zinc (ord.) 1 14 0 1 la 0 Ditto (pref.) .. .• 1 14 9 1 16 0 Farmers’ Trading • 0 9 2 0 9 3 Ditto (B pref.) .. 0 13 9 0 16 0 INSURANCE— Grey and Menzies . 0 10 6 —• Hamilton Theatres .. —, 0 19 6 National”./:. V. « New Zealand •••• „6Z 2bb Henry Jones Co-op. 1 11 6 — H.M. Arcade Theatre South British .... 3 5 4 3 5 6 Holden’s Motors loan and agency— <B pref.) .. .. — 1 ® » Abrahams & ’tVilliams Lewis Eady (ord.) • — 13 0 Ditto (pref.) .. ..: — 10 0 Milne and Choyce, Dalgety and Co. .. 14 5 0 15 o o Farmers* Co-op Auct. — 4 1 0 (deb. stock) . . .* 17 0 — Ditto (A pref.) .. J1J J J " Morris Hedstrom (pref.) 0 18 0 —— N.Z. Farmers’ Fert. 119 12 6 Newton King (pref.) •*- 0 1- b N. Auck. Farmers’ N.Z. Refrigerating . 0 12. o 0 13 .» Ditto (con.) .... 0 5 9 0 6 2 Northern Boot .... 0 8 3 — COAL— Grey Valley •••• 170 — Jlikurattgi 0 16 Sanford, Ltd. (pref.) 0 19 6 1 1 * Taranaki Oilfields .. 0 4 0 0 4 9 Tonson Garlick .. 0 5 0 0 6 6 EmS (A e pref:iSJ « do v. oP« S oh = Ditto (pref.) .... 9 5 2 o Whittome-Stevenson — 2 6 0 Wilsons Cement .. 2 2 9 2 3 0 l MINING— Ditto (new issue) « 2 9 0 - 3 Alburnia (2s lOd pd.) 0 0 4 0 1 6 Moanataiari (paid) . 0 0 6 Oil Ditto (2s 2d pd.).. 0 0 1 0 0 6 Ditto (pref.) .... 13 6 — — u ° Ditto (Is 6d pd.).. 0 0 3 CAS— Kawarau 0 0o 0 0 63 Lucky Shot (4s pd.) 0 0 4 9 i f Ditto (con.) .... — J J ® Ohinemuri (ord.) .. — ” 9 Ditto (con.) .... US 1 _ — „ SHIPPING — Waihi Grand June. « 1 3 0 15 Devonport Ferry .. 1 J * 12 0 Kuala Kampar Tin 0 9 0 o 10 o Howard Smith .... 10b ‘ _ DEBENTURES— Ditto (pref.) i U Auck. Harbour Board, Ditto, 55 p.c. .. 100 0 0 — City of Auckland, TIMBER— 1936, 51 p.c 93 0 0 — Ditto, 1943, 55 p.c. 100 0 0 — Bartholomew .... 1 ,J * n Te n Timaru Har. 1936, J.eyland-O’Brien .. J J « 1 X National p S 3 0 » “ 3‘arker-Lamb .... — 0 17 3 N.Z.** Breweries .. 18 0 18 8 GOVERNMENT BONDS— >VOOLLEN — Kaiapol (pref.) .... — 0 16 6 War Loan. 1938. 100 0 0 — Ditto, 1939, 4\ p.c. 100 0 0 — Ditto. 1941, 4£ p.c. 100 0 0 — Ditto, 1933, 51 p.c. 99 0 0 — BREWERIES— N.Z. Breweries .. 470 1 83 INSCRIBED STOCK— JilISCE LI.ANEO U S — War Loan. 1938, 4£ 100 0 0 — Australian Glass .. 2 12 0 2 14 0 Aust. Iron & Steel Ditto, 1939, p.c. 100 0 0 — Ditto, 1927-41, 54 99 0 0 — Ditto, 1933, 54 p.c. 99 10 0 — British Tobacco .. 256 2 66 Ditto, 1936, 51 p.c. 101 0 0 —