THE SHARE MARKET

Evening Star, Issue 22383, 6 July 1936, Page 7

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE Commercial Banks experienced a slight setback this morning, following the announcement of a dividend at the rate of 6 2-3 per cent, per annum on the ordinary shares, despite the fact that the dividend represents a rise from 5 5-6 per cent, paid for the preceding 12 months. Sales were effected last week at 19s 2d, but a parcel changed hands after the call this morning at 19s. Bank of New Zealand* remained firmer with buyers at 41s 3d. Only 3d separated the quotations for National Insurances, which were steady at 18s 7d to 18s lOd. In the loan and agency section New Zealand Loan and Mercantile ordinaries showed improvement with buyers at £32 and sellers at £36. A week ago the quotations were £3O and £34 respectively. Westport Coals were-a little easier, buyers being;3d and sellers 6d below Saturday’s rates. Woollen companies’ shares continued to be neglected. In the miscellaneous group . D.I.C. ords. moved up to buyers at 16s with sellers firm at 17s 3d. Dominion Fertilisers had a margin of 9d between quotations, and at 17s lOd Dunlop Rubbers were up 3d on the best buying offer last week. There was a good inquiry for Australian securities, such as Anthony Horderns, Associated News, Broken Hill Proprietarys and. Kauri Timbers, but the market was devoid of sellers. New Zealand Breweries continued to appreciate sharply, buyers offering Is more than on Saturday, without response. Electrolytic Zinc ordinaries ■ had reported business at £2, with, further buyers at 39s 6d and no seller. Mount Lyells .were steady, and other Australian mining issues were neglected. In local mining Gillespie’s Beacn shares provided business at the improved price of Is Id, after which the market was inclined to harden still'further. Government loans continued to provide a preponderance of buyers, in some cases at slightly improved rates. , • SALES REPORTED. Consolidtaed Brick, 10s 6d (late Saturday). ■ , ■ ■ , Electrolytic Zinc (ord.), £2. SALE ON ’CHANGE. Gillespie's Beach, Is Id. SALE AFTER CALL. Commercial Bank, 19s.

DIVIDENDS DUE Worksop Extended—lo p.c July 6 Howard Smith—Quarterly, pref., at 6 p.c. July * Guinea Gold—94d per share (subject to exchange variation) ... July 10 Maori Gully—Third, Id ... ... ... July 11 National Bank N.Z.—Final, 2 p.c., in sterling, free of tax ... July 11 Fairymead Sugar—Half-yearly, 5 p.c , J u 'y l3 Woolworth (Syd.)—lnterim, ord., 2 p.c July 15 Mossy Creek —Sixes, Id a share July 15 G. J. Coles and Co. —Half-yearly preference at 8 per cent, per annum JuU- J. 5 Consolidated Brick—2 per cent. ... July 16 Myer Emporium Ltd.—Half-yearly Ist preference, 4£ per cent. ... July 18 Mount Morgan—Quarterly, 4jd per share c Farmers’ Fertiliser —54 per cent. Aug. lb Commercial Bank—Final, 4 per cent p.a. (pref.); 6 2-3 p.c. p.a. (ord.) Aug. FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright RUGBY, July 4. (Received July 6, at 1.30 p.m.) * The following are the mean closing rates: — Paris, franc to £1 75 45-64 New York, dollar to £1 ... ... 5.021-16 Montreal, dollar to £1 ... 5.024 Brussels, belgas to £1 29.6V4 Geneva, francs to £1 15.324 Amsterdam, florin to £1 7.364 Berlin, reichmarkcn to £1 12.424 Milan (nominal), lire to £1 ... 63$ Stockholm, kroner to £1 19.394 Copenhagen, kroner to £1 22 Oslo, kroner to £1 19.90 Vienna, schilling to £1 26J Prague, kroner to £1 120 J Helsingfors, marks to £1 227 Madrid, pesetas to £1 36.17-32 Lisbon, escudo to, £1 110 ‘Athens, drachmae to £1 527 ‘Bucharest, lei to £1 675 Belgrade, dinars to £1 220 Warsaw, zlotys to £1 26.75 *Rio de Janeiro, pence to milreas 44 Buenos Aires, pence to dollar ... 36 ‘Montevideo, pence to dollar ... 394 Bombay, pence to rupee 184 Shanghai, pence to dollar 1213-32 Hongkong, pence to dollar 13| Yokohama, pence to yen 121-32 Batavia, florin to £1 7.324 •Sellers. ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates (to-day) for purchase and sales of foreign exchanges (all rates subject to alteration without notice:—

Quotations as under Buyers. Sellers. £ a. d. £ s. d. BANKING— New South Wales ... 33 10 0 New Zealand 2 1 3 2 2 6 Commercial 1 — 0 19 3 National of New Zealand ... 3 10 0 National of Australasia (cont.) ..; 7 2 6 INSURANCErNational 0 18 7 0 18 10 Standard 3 2 6 3 4 0 SHIPPING— U.S.S. Co. (pref.) ... 1 6 0 — MEAT PRESERVING— Gear 1 0 9 N.Z. Refrigerating (cont.) 0 9 0 — LOAN AND AGENCY— Dalgety Goldsbrough, Mort ... 1 10 0 9 2 6 National Mortgage ... N.Z. Loan and Mercan — 2 11 6 tile (ord.) 32 0 0 36 0 0 Perpetual Trustees ... — 3 4 0 Wright, Stephenson (ord.) 0 17 0 — 1 Wright, Stephenson I (pref.) — 1 0 0 COAL— Kaitangata — 1 4 C ! Westport 1 1 9 1 2 6 GAS— Christchurch ... ... — 1 12 0 WOOLLEN COMPANIES— Bruce (ord.) — 0 14 6 Kaiapoi (pref.) — 0 18 9 MISCELLANEOUS— Anthony Hordern ... 0 18 6 — Associated News 1 3 0 — Broken Hill Pty. ... 3 12 6 Brown, Ewing (ord.) 0 15 0 — Brown, Ewing (pref.) 1 2 3 —■ Crystal Ice Co — 2 5 •6 Dj.C. (ord.) 0 16 0 0 17 3 D.I.C. (pref.) 1 3 3 — Dominion Fertiliser ... 1 4 9 1 5 .6 Donaghy’s Rope and Twine • 2 12 0 — Duhedin-Kaikorai Trams ... _ 2 2 0 Dunlop Perdriau Rubber 0 17 10 — Kauri Timber 1 3 9 — Milburn Lime and Cement 2 2 0 — National Electric — 0 13 0 N.Z. Drug Co 3 19 6 4 0 6 N.Z. Newspapers ... — 2 2 0 Regent Theatre — I 1 e BREWERIES— New Zealand 2 13 6 — UNLISTED STOCKS— MTnloih, Caley Phoenix 0 9 0 — National Tobacco (ord.) — 3 6 3 Wool-worths (Sydney, ord., 1 ' 5 18 0 6 1 0 Quarts Mountain (5s) 0 4 6 — Arthur’s Point (Is) ... 0 0 4 0 0 6 AUSTRALIAN MINING — Electrolytic Zinc ■ (ord., £1) 1 19 6 — Mount Lyell (£1) ... 1 4 0 1 4 6 GOLD MINING— Big Liver (Is) 0 2 2 Clutlw River (2s) ... 0 2 0 — Gillespie’s (Is) 0 1 1 0 1 2 Goldfields Dredging (is! ■ — 0 0 4 King Solomon (Is) ... 0 1 6 0 2 0 Maori Gully (Is) 0 0 11 — Nokomai (5s) — 0 2 1 Okarto (5s) — 0 3 3 Oxenaiddge (Is) 0 0 0i — Paddy's Point (5s) ... 0 2 9 0 3 6 Skippers (Is) — 0 0 4 Wainuinu Sluicing (Is) 0 0 8 — Waipapa Beach (Is) 0 o lit 0 1 2 Waitihu (5s) 0 2 1 — N.Z. GOVERNMENT LOANS(Bonds quoted are £100 Bonds.) 31 pc. Stock. Nov., 193-52 ... 102 10 0 31 pc. Stock, March, *19)9-43 102 5 0 — 31 pc. Stock, Sept., 19)9-43 102 5 0 _ 31 pc. Stock, May, 1919-52 ' ... 102 10 0 — 31 pic. Stock, March, 19(1-43 102 10 0 — 31 pc. Stock, Sept., 19(1-43 102 10 0 — 31 pc. Stock, May,

1941-52 ... 102 10 0 — 3i p.c. Stock. Nov., 1941-52 ... 102 10 0 •— 4 p.c. Bonds, 1937-40 102 10 - ' 0 — 4 p.c. Stock, 1937-40 102 10 0 — 4 p.c. Bonds, 1943-46 104 0 0 4 p.c Stock, 1943-46 104 0 0 — 4 p.c. Bonds, 1946-49 104 0 0 — 4 p.c. Stock, 1946-49 104 0 0 ■ — 4 p.c. Bonds, 1952-55 104 0 0 — 4 p.c. Stock, 1952-55 104 0 0 -

Buying. Selling. Loudon — ■ £100 sip. £124 10/ N.Z T.T. £124 O.D. £123 10/ £124 8/9 Australia— £A to £100 N.Z T.T. £101 £100 10/ Fiji— £P to £100 N.Z T.T. ' £90 7/6 £89 New Tork — Dollar to £1 N.Z .. T.T, 4.06/ 4.02/ O.D, 4.07J 4.02* Montreal — Dollar to £1 . N.Z. .. T.T. 4.061 4.05/ O.D, 4.07/ 4.03|Austria — Schillings to £1 20:93 N.Z T.T. — O.D. — 20.95 Belgium— Belgas to £1 23.699 N.Z T.T. — O.D. 23.710 Czechoslovakia — Crowns to £1 * N.Z T.T. — 96.02 O.D. 96.07 Denmark— Kroner to £1 N.Z T.T. 18.203 17.893 O.D. 18.263 17.903 France— Francs to £1 N.Z T.T. — 60.57 O.D. — 60 61 Germany— Reichmarks to £1 N.Z ... T.T. 9.910 O.D, — 9.915 Holland— Florins to £1 N.Z ... T.T. — 5.864 O.D. — 5 868 Java — Florins to £1 N.Z T.T. 5.825 O.D. — 5.829 Norway— . Kroner to £1 N.Z , T.T. 16.183 15.893 O.D. 16.243 15.900 Sweden — Kroner to £1 N.Z , T.T. 15.785 15.490 O.D. 15.845 15.500 Switzerland — Francs to £1 N.Z T.T. — 12.212 O.D. — 12.217 Noumea— Francs to £1 N.Z T.T. — 59.20 O.D. — 59.26 Papeete— Francs to £1 59.35 N.Z T.T. — O.D. — 59.41 Hongkong— N.Z. pence to 1 20 1-64 dollar T.T. 18 33-64 O.D. 18 27-64 19 63-64 India and CeylonN.Z. pence to £1 22 57-64 rupee T.T. 22 9-64 O.D. 22 3-64 22/ Japan— N.Z. pence to 1 17 41-64 yen T.T. — O.D. • 17| Shanghai— N.Z. pence to 1 18 31-64 dollar T.T. 17 7-64 O.D. 16 59-64 18 15-32 Singapore— N.Z. pence to 1 35 31-64 T.T. 34 27-64 O.D. 34 15-64 35 15-32 DOLLAR RATES, The Associated Banks (other than the Bank of New South Wales) quoted the lollowing dollar rates : to-dai ■{ on a New Zealand currency basis. They are subject to alteration without noticeU.S.A. Canada. (per £1 N.Z.) (Per £1 N.Z.) SELLING— T.T. (del.) ... . .. 4.Q2J 4.03* O.D. (dol.) ... , ... 4.02J 4.03| BUYING— O.D. (dol.) ... . ... 4.07| 4.07/