STOCKS AND SHARES

Dominion, Volume 31, Issue 252, 21 July 1938, Page 15

STOCKS AND SHARES

Wellington Exchange Dull LITTLE BUSINESS DOING r No change of any moment was seen yesterday in the Wellington stock and share market, which remained dull but steady at round late rates. Trading was inactive and a small turnover was recorded. Government loans were quiet and {unchanged. Banks continued dull, the only feature being an easier trend in New Zealands, [which were Quoted at 42/11, sellers 43/4. •New Zealand Loan and Mercantile •Agency ordinary stock was wanted 20/lower at £29. Little support was forthcoming for gas, insurance, meat freezing or shipping shares. Woollens and coal mines wer£ neglected, and buyers were not much interested in timber and brewery shares.

Leading Australians were quietly steady. G. J. Coles were a shade better, pales being made r.t SI/- to 81/3, and more wanted at the latter figure. Sales recorded yesterday on the Wellington Stock Exchange were as follows :—

WELLINGTON EXCHANGE Yesterday’s Quotations The latest buying and selling quotations recorded yesterday- on the Wellington Stock Exchange were as follows:—

BRITAIN’S FINANCES Big Increase In Floating Debt (British Official Wireless.) (Received July 20, 6.30 p.m.) London, July 19. The Exchequer returns show that the total ordinary revenue amounts to £164,588,998, compared with i1ia,161,684 at the corresponding date of last year. Total expenditure, less self-balancing items is £280,609,838, as compared with £249 755 955 at the corresponding date of 1937. . The total floating debt outstanding is £911,055,000 —a net increase of £69,300,000 since March 31.

No. of shares. £ s. d. 100—Dominion Breweries ... *1 15 5 150—N.Z. Breweries (2) .... ♦2 3 3 100—Aust. Paper Manufacturers, pref 1 ( f 4} 100—A/asia.' Paper & Pulp . 1 10 7i 100—Australian Glass (2) .. 4 15 0 4 1 0 50—-Ditto 4 1 3 100—McKenzie’s Dept. Stores ♦3 0 300 —Woolworths Iltd., ord. (2) 1 2 0 1 3 6 *Late sale Tuesday.

N.Z. GOVT. LOANS. Buyers. £ s. d. Sellers. £ s. d. 3 p.c. Tnscr. Stock, 7/1939-41 97 5 0 — 3* p.'c. ditto, 3/1939-43 — 100 7 6 Ditto, 3/1941-43 .... 100 5 0 —— Ditto, 9/1941-43 100 5 0 —— Ditto, 11/1938-52 ... — 101 5 0 Ditto,’ 11/1941-52 ... 101 2 6 —— Ditto, 5/1941-52 ... 101 2 6 — Ditto, 1/1953-57 .... — 95 15 0 4 p.c. ditto. 2/1943-46 — 102 10 0 Ditto, 4/1946-49. .... — 102 10 0 5 p.c. Rural Bonds, 15/0/1047 — 103 0 0 LOCAL BODIES’ DEBENTURES. Tolaga. Bay Hr. Bd., 4J p.c., 10/9/46 .. —- 102 0 0 Wgtn. City, 4J p.c., 1/2/44 - 104 10 0 OTHER DEBBENTURES. Amalg. Brick, Wgtn. — 100 5 0 BANKS. 10 5 0 Comrcl. of Aust., ord. cO 10 6 Eng., Scot, and Aust. 5 3 0 — National of N.Z — 2 15 6 National of Australasia, New South Wales —. — 31 15 0 2 3 4 Ditto, D. long term 19 4 — c8 14 0 FINANCIAL. Dalgety and Co — 8 4 0 Equitable Bdg. Co. .. 0 13 3 Goldsbrough, Mort .. — 1 8 11 N.Z. Guarantee Corp. — 0 4 5 N.Z. Loan and Here., — — N.Z. and River Plate — 0 13 0 GAS. — Ditto, contrib. ... cO 13 10 — Wellington, ord — 1 15 9 Ditto, pref 13 0 — INSURANCE. MEAT PRESERVING. Gear Meat — 0 14 9 N.Z. Refrig., 10/- paid 0 S 1 0 8 4 Wellington Meat Exp., pref ' — 12 0 TRANSPORT. Buddart, Parker, ord. 2 7 0 Union Steam, pref. ... — ■ 16 9 p, and 0/ defd. stock 1G0 — WOOLLEN. Kaiapoi, contrib — 0 3 9 1 13 9 Prestige, N.Z., pref. . 0 19 3 Wellington, ord — 5 4 0 Bruce, pref — 110 TIMBER. "Leyland-O’Brien .... — fcotoiti o 2 9 0 18 0 0 4 0 0 17 6 Taupo Totara, ord. .. 0 5 0 0 6 0 BREWERIES. 3 6 3 N.Z. Breweries 2 2 9 2 3 3 2 14 9 Tooheys ~ 1 11 3 MISCELLANEOUS. Antiiuny Hordern ... — 0 17 5 4 15 3 British Tobacco .... 2 7 6 2 7 9 Broken Hill. Pty 2 19 9 3 O 6 Ditto, contrib. ... — 1 16 6 Burns, Philp and Co. 2 1-6 2 14 0 Claude Neon (Sydney) 2 < 0 Colonial Sugar 46 < 0 47 0 0 Consol. Brick & Pipe 0 7 2 — Denhard, pref 1 1 9 Dental & Medical Sup. — 0 14 3 Dunlop 1’erdriau ... — 12 3 Electrolytic Zinc, ord. c2 3 0 —• Felt arid Textiles .... — 1 13 9 G. J. Coles c4 1 3 4 16 Henry Jones Co-op. . — w 8 3 Howard Smith, ord. . — 10 6 Macduffs, ord — 0 16 0 0 19 6 1 17 0 O’ 5 6 National Electric .... 0 13 10 0 14 U Sharland & Co., ord. 0 la 9 ■— - - 0 13 8 Wilsons (N.Z.) Cement 0 It 6 Woolworths Ltd., ord. — 12 1 Ditto, 2nd pref. ... 1 7 6 18 3 Woolworths (N.Z., ord. 10 4 David Jones — 1 19 0 MINING. Argo, contrib cO 1 4 vi<r r?jve r 0 1 0 0 1 3 Gillespie’s Beach .... ~ _ 0 10 Mao“ri Gully — 0 0 61 Waihi Investments .. 0 9 6 — Australian Mining. Broken Hill South ... 1 12 6 1 13 3 1 8 10 Mount Morgan cO 10 3 — North Broken Hill ... 2 7 6 — Placer Development . 3 5 0 0 9 6 Zinc Corp 4 10 0 4 15 0 OVERSEAS LISTINGS Woolworths Holdings 0 15 5 0 15 7 c Cum dividend. Unofficial List Buyers. Sellers. £ s. d. £ s. d. National Tobacco, ... 1 19 0 2 2 6 Selfridges (A/asta.) .. 0 14 0 0 16 6 Woolworths Properties, 10/- paid — 0 14 1 0 8 0 Mount°Cook Transport 5 p.c., 31/3/48 ... — 90 0 0 K. & E. Tlngey, ord. — 15 0 Wellington Publishing — 4 7 6