THE SHARE MARKET

Evening Star, Issue 22367, 17 June 1936, Page 9

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE LIVELY CONDITIONS PREVAIL No fewer than 14 sales were recorded by the Stock Exchange this morning, when a lively interest was manifested in all sections of the market with the exception of banking and local gold mining issues. Such a degree of activity has not been apparent for a long time. Investors, however, continued to devote most attention to Australian securities, transfers of which figured prominently in the list of sales. Business was recorded in Australian chain stores’ shares, Woolworlhs (Sydney) ordinaries changing hands at the unchanged price of £5 14s, and G. J. Coles at the weakened rate of 795. Other issues commanding attention were Anthony Horderns, Mount Morgans, and Selfridges. A noteworthy rise was experienced by Electrolytic Zincs, which have been displaying a hardening tendency over the past week. This morning buyers of the profs, moved up Is to 41s, with sellers only fid away, while the ordinaries had a better buyer by fid and a seller by Is. The advance is probably due to a rise in metal prices on the London market. Mount Morgans, which firmed up recently, were steady at round about 15s fid, while litle change was shown in the market for Mount Lyclls. Refrigcratings woro the only meat shares quoted, and tho contributings, revealed a tendency to case slightly. An improved demand for Wostport-Stocktons was the feature of tho coat section, buyers moving up 4d for tho prefs., with no appearance of yesterday’s seller at 3s. Not much attention was given to woollen companies’ shares, though Mosgiels had business at £9 15s, with further sellers at £9 17s, while a rise of Is in the buying quote for Bruce ordinaries found sellers firm at 14s fid. Broken Hill Proprietaries eased slightly on recent rates, 48s 9d being the best buyer for the contributings. Only 4d separated tho quotations for Kauri Timbers, and there was a renewed inquiry for cement Amongst unlisted stocks, M’lnlosh, Calcy, Phoenix shares provided business after tho call at 10s, and Shillings Ltd. were firmer following business at 11s 7d. Somewhat erratic conditions prevailed in the market for Government loans, opinions of investors being • divided amongst those who lack confidence and those who are anxious to reinvest their capital in industrials. Three sales of 4 per cent. Stock were recorded, but the market also offered parcels of the 3£ per cents, SALES REPORTED. Mosgicl Woollen, £9 15s. Anthony Horderna, 18s fid (two). Woohvorths (Sydney), £5 14s. Mount Morgan, 15s Bd. 4 per cent. Stock (1937-40), £lO2 10s (two). 4 per cent. Stock (1943-46), £lO4 ss. SALES ON ’CHANGE. G. J. Coles (Melbourne), £3 19s 3d, £3 19s SALES AFTER CALL. Shillings Ltd., 11s 7d. M’Xntosh, Caley, Phoenix (£1 paid), 10s (two). Mount Morgan, 15s fid. Quotations as under:—

DIVIDEND? DUE Gordon and Gotch—Half-yearly ord., at 12 per cent, per annum; prof, ai 8 per cent, per annum June 18 Hurno Steel —Half-yearly pref., at 74 per cent per annum Juno 20 Claude Neon Lights—Half-yearly, 8 per cent, p.a., 0 3-5 d a share June 21 Mount Lyell Half-yearly, 5 per cent., 6d a share June 22 Blackwater Mines —Final, 2s a share # Juno 2o Consolidated Goldfields —Interim, Is a share June 23 Wilson’s Cement—Pinal, 9d a share, and jubilee bonus, 5s a share June 24Gear Meat —Interim, 3d per share June 25 Robinson Ice—6 per cent June 25 Farmers’ Trading Co., —Final, ord., 5 per cent. ... June 25 Waipapa Beach Dredging—ld a share June 25 Goldsbrough, Mort—Final 5 per cent., making 7 per cent, per annum ... June 26 North Broken Hill—2s 6d per share and bonus of Is per share June 26 Australian Glass—Final, 4J per cent, pref., 10 per cent. ord. ... June 27 Morris, Hedstrorn Final 24 per cent., making 5 per cent, per annum ... June 30 British Tobacco —Quarterly, 1J per cent ... June 30 Woolworths (N.Z.) —Interim ord., 5 per cent July 1 Goodyear Tyro—Half-yearly pref., at 8 per cent, per annum July 1 Nestle and Anglo-Swiss Milk (Australasia) Ltd.—Ord., quarterly, at 7 per cent, per annum July 1 Zinc Corporation—2s 6d on pref. and ord., making 4s 6d for the year, and first half fixed cum. dividend of 2s on pref., all dividends English currency, less income tax July 1 National Mortgage—s p.c. p.a. ... July 1 Bulolo—lnt., 1 dollar 40 couts .... July 2 Placer —Int., 50 cents July 2 Guinea Gold —Old per share (subject to exchange variation) , ... July 10 National Bank N.Z. —Final, 2 p.c., in sterling, free of tax ... July 11

ANTWERP FUTURES Press Association —By Telegraph—Copyright LONDON, Juno 16. (Received Juno 17, at 11 a.in.) Antwerp futures are quiet. July, 26 3-8 d • October, 26R1; December, 26 5-Bd. THE SEARCH FOR GOLD WAIPAPA BEACH RETURN Messrs W. A. Mitson and Co., secretaries of the Waipapa Beach Gold Dredging Company' Ltd., report the receipt of advice from the dredgemaster stating that a return of 23Joz was won for 130 hours’ dredging. LONDON METAL MARKET Press Association —By Telegraph—Copyright LONDON, June 16. The following are the official metal quotations:— Copper.—Spot, £36 4s 4id; forward, £36 10s. Electrolytic.—Spot, £4O 2s Od; forward, £4O 12s 6d. Wire bars, £4O 12s 6d. Lead.—Spot, £ls; forward, £ls 3s 9d. Spelter.—Spot, £l3 15s; forward, £l4. Tin.—Spot, £lßl 7s 6d; forward, £179 2s 6d. Silver.—Standard, 19£d per or.; fine, 21 7-16 d. THE PRICE OF GOLD Press Association—By Telegraph—Copyright LONDON, June 16. (Received June 17, at noon.) Fine gold is quoted at £6 18s 5d an ounce.

Buyers. Sellei £ S. d. £ S. d. BANKING— New South Wales ... 32 7 6 33 0 0 Commercial 0 19 0 — E.S. and A — 6 6 0 National of N.Z. ... — 3 12 6 National of Australasia (cont.) —. 7 6 0 Union of Australia Ltd 9 15 0 INSURANCE— National ... 0 18 3 0 18 6 Now Zealand 3 2 0 — South British 4 10 0 — Standard — 3 3 6 SHIPPING— Howard Smith ... ... — 0 19 6 P. and O. Deferred Slock 1 6 0 —- U.S.S. Co. (pref.) ... 1 6 0 MEAT PRESERVING— N.Z. Refrigerating (paid) 0 19 9 — N.Z. Refrigerating (cont.) 0 9 6 0 9 9 LOAN AND AGENCY— National Mortgage — 2 12 0 N.Z Loan and Mercantile (ord.) ... ... 30 0 0 36 0 0 N.Z. Guarantee Corp, 0 5 3 — Wright, Stephenson (pref.) — 1 0 0 COAL— Kailangala 1 4 6 Westport 1 1 6 1 2 Wcstport-Stockton (ord.) 0 1 2 —■ Wcstport-Stockton (pref.) 0 2 10 —. WOOLLEN COMPANIESBruco (ord.) 0 14 0 0 U 6 Hosgiel ... — 9 17 MISCELLANEOUS— i Anthony Hordern 0 18 4 0 18 8 British Tobacco 2 0 6 —■ Broken Hill Pty. — 3 12 6 Broken Hill Ply. (cont.) ... ... ... 2 8 9 2 9 9 Brown, Ewing (ord.) 0 15 0 — Brbivn, Ewing (pref.) , 1 2 3 ' — D.I.C. (ord.) 0 16 0 — D.I.C. (pref.) ... ... 1 3 4 — Dominion Fertiliser 1 S 0 —. Dominion Rubber — 1 8 6 Dunedin Stock Exchange Proprietary 2 2 6 — Dunlop Perdriau Rubber 0 17 4 0 17 9 G. J. Coles 3 18 9 3 19 3 Hume Pipe — 1 0 7 Kauri Timber ... ... 1 3 4 1 3 8 Wilburn Lime and Cement 2 0 0 2 2 6 M’Leod Bros. (rights) ... 16 0 0 National Electric — 0 12 6 N.Z. Drug Cn. — 4 i 0 N.Z. Banners’ Fertiliser 1 1 0 — N.Z. Paper Mills — 1 8 0 ‘ Otago Daily Times ’ — 2 10 0 Regent Theatre 0 19 6 1 1 Wilson’s (N.Z.) Cement 2 4 6 2 5 BREWERIES— Now Zealand — 2 12 6 Dominion 1 6 0 — Tooth’s 2 12 6 2 14 UNLISTED STOCKS— MTntosh, Calcy, Phoenix 0 9 0 0 11 0 Woolworths (Sydney, ord.) ... 5 12 0 5 15 0 Otago Farmers’ Co-op. 0 2 9 0 3 0 Worc’s Trust 0 5 10 — Quartz Mountain 0 4 6 0 6 0 Shillings Lid 0 11 7 — Sclfridgcs 1 6 0 AUSTRALIAN MININGElectro. Zinc (pref., £1) 2 1 0 2 1 6 Electro. Zinc (ord.. £1) ... 1 19 0 2 0 6 Mount Lycll (£1) 1 4 2 1 4 6 Mount Morgan (2s 6d) 0 15 5 0 15 8 Upper Watut (5s) ... 0 7 6 GOLD MINING — Big River (Ls) 0 1 11 0 2 2 Glut ha River (2 s) ... 0 1 10 Gillespie’s (Is) 0 1 0 — Gold fields Dredging ils) ... 0 0 5 Lawson’s Elat, (D) ... n 0 4 Marl ha (5s) :i 0 0 Mnlyueux River (2s) — 0 2 3 Mount David (Ss) ... 0 1 0 Nokomai (5s) 0 2 0 0 2 6 Okarito (5s) ... (1 3 0 0 3 9 Paddy’s Point (5s) .0 5 9

Sandhills (Is) ... ... — 0 0 6 Skippers (Is) 0 0 3 0 0 4 Waimuwu Sluicing (Is) 0 0 7 — Waipapa Beach (Is) 0 1 0 0 1 3 VVailahu (5s) 0 2 0 —■ N.Z. GOVERNMENT LOANS(Bonds quoted are £100 Bonds.) 3i p.c. Stock, Nov., *1938-52 102 0 0 — 3.) p.c. Slock, March, *1939-43 102 10 0 103 5 0 31 p.c. Stock, Sept., *1939-43 — 103 5 0 3 h p.c. Stock, May, 1939-52 102 10 0 — 3| p.c. Stock, May, 1941-52 102 10 0 —. 3 p.c. Stock, Nov., 1941-52 102 10 0 —■ 4 p.c. Bonds, 1937-40 102 5 0 —. 4 p.c. Bonds, 1943-46 104 0 0 —• 4 n.c. Stock, 1943-46 104 0 0 4 p.c. Bonds. 1946-49 104 5 0 105 10 0 4 n.c. Stock, 1946-49 104 5 0 4 p.c. Slock, 1952-55 103 15 0 104 10 0