Commerce, Mining, & Finance

Evening Star, Issue 22572, 13 February 1937, Page 15

Commerce, Mining, & Finance

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Conditions on this morning’s call-oyer were'very quiet. In the hanking section. Unions were firmer, while New. Zealands were on offer at £2 Os 6d without attracting buyers. Insurance issues were quiet, ■while Goldebrougb, Morts were a little firmer, buyers ottering £1 18s, with sellers at £1 18s 6d. In the miscellaneous section Bwiken Hill were firm, but the feature of this section was the sudden rise in G. J. Coles, buyers offering 4s better than yesterday’s selling price. Sellers were 5s 6d" away, however. The other quotations showed little change. Mount Lyells were firm, buyers offering • £2 4s, with sellers at £2 4s 6d. Buyers of . Mount Morgans at 16s 9d showed an im- ; provDment of 8d on yesterday’s quotation. " Jilectroyltic Zincs were also firmer. Local ‘ cold mining showed no change at all, and ' flew Zealand Government stocks were dull.

FINANCIAL. FINANCE YOUR BUSINESS. TOUR MOTOR CAR SALES Through SECURITY FINANCE CO. LTD., Security Buildings, Stuart street, Dunedin, P.O. Bo* 671. Phone 12-844.

DIVIDENDS DUE National Mortgage and Agency (N.Z.) —5 per cent, per annum Feb. 24 Gillespie’s Beach—ld a share (8 1-5 per cent.) Feb. 24 Bank of N.S.W.—lnterim, quarterly, 6s per share Feb. 25 Equitable Building—4 per cent. per annum Feb. 26 Silverton Trams—9d per share ... Feb. 26 Christchurch Gas —Interim at rate of 7 per cent, per annum ... Mar, 1 Elder, Smith —Interim, at 6 per cent, per annum Mar. 1 Electrolytic Zinc —Half-yearly, 6 per cent, on ord. and pref. ... Mar. 18 Broken Hill South—ls per share ... Mar. 24 FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchanges (all rates subject to alteration without notice): — Buying. Selling. London—

STOCK AND SHAREBROKERS

THE SECURITIES CORPORATION (H.L) LIMITED STOCK AND SHAREBROKERS. SELLERS: £ s. d.

6 N.Z. Perpetual Forest Bonds (any issue). 4 Afforestation Ltd. Shares ALLIANCE ASSURANCE BUILDINGS, 20 CRAWFORD STREET. DUNEDIN. Phone 11-777 (4 lines).

DOLLAR RATES. The Associated Banks (otfipr than the Bank of New South Wales) quoted the following dollar rates to-day on a New Zealand currency basis. They are subject to alteration without notice:— U.S.A. Canada. (Per £1 N.Z.) (Per £1 N.Z.) SELLING— T.T. (dol) 3.92 i 3.92 i O.D. (dol) ..F-... 3.92$ 5.93 BUYING— T.T. (dol) 3.95 J 3.95 J O.D. (dol) 3.97$- 3.97* AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Copyright SYDNEY, February 12. On the Stock Exchange the feature of to-day’s business was a strong inquiry for and a sharp advance of G. J. Coles shares. Mount Lyell and Broken Hill shares were also considerably firmer. Tin was quiet, but steady.

MELBOURNE, February 12. Long-dated bonds were easier and industrials steady, with Coles at a new record on a- dividend prospect and rumours of capital benefits. Barriers were strong and Mount Lyclls firm on tho expectation of an increased' dividend.

PRICE OF GOLD Press Association-By Telegraph— Copyright LONDON, February 12. (Received February 13, at 1.15 p.ui.) Fine gold is quoted at £7 2s 2d per ounce.

FRUIT AND PRODUCE Messrs Bray Bros. Ltd. (Dunedin) report as follows lor week ending today : The fowl wheat market remains unchanged, with prices ranging from 5s ad to 5s fid per bushel, sacks extra, ex store. Flour.—2oo’s, £l3 15s 6d; 100’s, £l4 12s Od; 50’s, £l4 17s fid; 25’s, £ls 7s fid. Bran, £5 5s per ton. . Bollard, £6 15s per ton. , Oatmeal.—2oolb sacks, £22; 25 s, £24. : . „ ~ Stocks of old oats are practically sola out, and the new season's will come to a bare market. The opening prices are 3s 8d to 3s 9d per bushel, f.0.b., s.i., for A Cartons,. and 3s 6d for B’s. These prices are equivalent to 3s and 2s 10d respectively, on trucks, country sidings, sacks extra. The chaff market is unchanged. Supplies are equal to the demand, .which is not over-brisk. Heavy yields of potatoes are reported from the Canterbury districts. Flood damage and blight have lowered the South Otago crops. New season’s apples arc now increasing in supply, especially from Ndson districts. The tomato market remains firm. Hothouse-grown are arriving from Ngftli Otago and outside-grown from Christchurch. Greengages of good quality are realising satisfactory prices, and from reports received, high values are being obtained on northern .markets. Moorpark, apricots are in keen demand. The season will shortly be finished. , , Choice quality Hale’s peaches have been bringing good prices. , The Wiggins and Triumph varieties are offering at lower rates. _ Bonchretien pears arc now on offer from Central Otago. A fresh shipment of Californian oranges, grapefruit, and lemons arrived to-day by the Waitaki. Raspberries are practically finished for the season. Locally-grown hothouse grapes are now appearing on the market. French and runner beans are more S’ ‘iiful, and prices have eased a . The market for other vegetables shows little change. _ The following prices were realised during the week:— —Bushel and American Cases.— Ripe bananas, 22s 6d: to 255. New Zealand lemons, 18s to 20s. Californian lemons, 65a. Peaches, dessert, 5s to Cs. Peaches, jam, 3s fid to 4s fid. Apricots, dessert, 4s to ss. Apricots, jam, 3s to 4s, Plums, dessert, 4s fid to 6s. Plums, jam, 2s fid to 3s fid. Nectarines, 6s fid to Bs. —Per Dozen.— Cucumbers, hothouse (wanted)'. 5s fid to 7s fid. Lettuce, Is to Is fid; others, lOd to Is. Spinach, Is to Is fid. ’. Section honey, 10s. ■ v —Per Sack.—c ' Cabbages, 5s to 6a. Parsnips, la dozen. Carrots, Is to Is fid dozen. —Per lb.— Plums, Purple Kings, fid. Plums, dessert, 4d to 5Jd. Peaches, 5d to fid. Apricots, 4d-to sd. - *<- Nectarines, 5d to fid. Local potatoes, 7s to 8s cwt. Peas, 3d to 4Jd.. ' Tomatoes, local, lOd to Is. Tomatoes, Christchurch, 8d to lOd. .Gold Medal Bacon—Shoulder rolls, Is id; long rolls, Is Id; equal rolls, Is Id. Bulk honey, fid. Beeswax, Is 2d. Butter.—Prints, Is IJd; hulk, 561 b, Is, lid ; bulk, 281b.and 141 b- Is -ljd. ■ ■ Cheese, 7d to 7id. Eggs, market rates. Honey, 101 b tins, 4s tin. D ” a LONDON STOCK EXCHANGE™ Pre« Association—By Telegraph-Copyright LONDON, February 11. The following are the latest quotations of Government securities:—

Quotations as under:— 1 Buyers. Sellers. £ s. d. £ S. d. ■ PARKING— New Zealand — 2 0 6 < Commercial ... — 0 19 7 . Commercial (pref.) ... 9 0 0 — ; E.S. and A 6 5 0 — National of New Zealand ... 3 0 0 3 0 Union of Australia Ltd , 10 10 0 JNSURANCE — National _ 0 18 6 New Zealand 3 1 0 — Standard 2 17 6 3 0 0 PH1PPING— P. and 0. Deferred Stock — ... 1 17 0 — U.S;S. Co. (pref.) ... 1 6 u — JIEAT PRESERVING— Gear 0 17 1 _ , N.Z. Refrigerating (paid) ». r1 0 6 , N.Z. Refrigerating 9 ' (cont.) •— 0 b Southland Frozen 0 (paid) ... ... 3 16 0 4 0 South Otago Freez3 ing — 0 : 0 , Farmers’ „ Freezing 4 2 0 — ; LOAN AND AGENCY— Goldsbrough, Morfc ... 1 IS 0 1 18 6 / Mortgage Corporation • 3| per cent. Stock — 98 10 0 National Mortgage i (“ B ” issue) ... ... . 1 14 0 ( N.Z. Loan and Mercantile (ord.) ... ... 39 0 0 3 — ' Perpetual Trustees ... — 4 0 ’■ Wright, Stephenson (ord. 0 18 0 — Wright, Stephenson 0 (pref.) 0 19 1 0 3 COAL— ■ Kaitangata 1 1 6 — Westport 1 4 0 — ; (WOOLLEN COMPANIES— i Bruco (ord.) ... ... — 0 13 3 '.. f Bruce (pref.) ... . — 1 2 9 Kaiapoi (cont.) ... ... — 0 6 0 Mosgxel 9 16 0 MISCELLANEOUS— ., . r Anthony Hordern ... 1 0 6 1 1 0 Australian Glass ... 4- 12 0 4 14 0 British Tobacco 2 11 0 2 12 3 , r-? r PltejLiEill.P.Mpne--i-; tary 4 0 0 — Broken Hill Proprie9 0 tary (cont.) ... ... 3 7 6 3 • Consolidated Brick ... 0 10 0 0 10 9 Crystal Ice Co. ... ... — 2 6 0 D.I.C. (ord.) . 0 15 9 — D.I.C. (pref.) 1 3 • 9 — Dominion Fertiliser ... .. 1 4 3 1 5 0 Dunlop Perdriau Rubber 0 18 11 0 19 2 General Industries ... 1 0 2 — G. J. Coles ... 5 7 0 5 12 6 Hume Pipe ... 1 1 6 1 3 0 Milbura Lime and Cement 2 2 0 — Mort’s Dock — 0 13 6 National Electric — U lb 3 N.Z. Drue Go 3 16 0 — N.Z. Paper Mills ... 1 7 0 — ‘ Otagp Daily Times ’ (ex div.) 2 b 0 — Regent Theatre ... 1 0 0 — Shillings Ltd 0 18 9 — Wilson’? (N.Z.) Cement 1 19 0 Woolworths (ord.) ... 6 19 0 7 5 0 BREWERIES— New Zealand ■ 2 17 0 2 18 0 Dominion — 2 5 0 Dunedin ... ... ... 1 8 0 1 10 0 Carlton 3 3, 0 3 5 0 OVERSEAS MINING— Broken Hill South (£1) 2 6 6 2 8 6 Electrolytic Zinc (pref., £1) 2 16 0 Electrolytic Zinc (ord., £1) 2 15 0 2 16 0 Emperor Mines, Fiji (10s) — 1 0 9 Mount Lyell (£1) ... 2 Mount Morgan (2s . 4 0 2 4 6 6d) , . 0 16 9 — Placer Development — 5 3 0 Rawang Tin (10s) ... 0 11 1 ' 0 11' 6

GOLD MINING— Argo Dredging (Is) — 0 2 i Big River (Is) — 0 1 10 Central Shotovcr (Is) — 0 0 6 Clutha River (2s) ... 0 2 6 — Gillespie’s (Is) 0 1 54 0 1 64 King Solomon (Is) ... — 0 0 6 Molyneus River (2s) 0 2 3 — Maori Gully (Is) — 0 0 6 Nokomai (5s) 0 2 3 0 2 6 Okarito (5s) ■— ■0 4 9 Paddy’s Point (5s) ... — 0 2 9 Skippers (Is) — c 0 4 Waimumu Sluicing (W 0 0 11 0 1 1 N.Z. GOVERNMENT LOANS34 p.c. Stock, Nov., 1938-52 101 5 0 101 17 6 31 p.c. Stock, March, 1939-43 ... — 102 0 0 34 p.c. Stock, March, 1941-43 101 0 0 31 p.c. Stock, Sept,, 1941-43 10! 0 Q 3) p.c. Stock, May, 1941-52 .' ... 101 0 0 34 p.c. Slock, Nov., 1941-52 101 0 0 4 p.c. Bonds, 1943-46 105 15 0 104 5 0 4 p.c. Stock, 1943-46 103 15 0 104 5 0 4 p.c. Stock, 1946-49 - — 104 5 0 4 p.c. Stock, 1952-55 103 10 0

£100 stff. N.Z T.T. £124 £124 10/ O.D. £123 10/ £124 8/9 Australia— £A to' £100 N.Z T.T. £101 £100 10/ Fiji— £F to £100 N.Z T.T. £90 7/6 £89 New York— Dollars to £1 N.Z. ... T.T. 3.95J 3.921 O.D. 3.97£ 3.92* Montreal— Dollars to £1 N.Z. ... T.T. 3.96 3.92A O.D. 3.971 3.93 Austria-^-Schillings to £1 N.Z. ... T.T. — 20.58 O.D. — 20.60 Belgium— Belgas to £1 N.Z. ... T.T. — 23.190 O.D. — .23.201. Czechoslovakia— Crowns to £1 N.Z._ , ... ... T.T. • - ... 111.96. O.D. — 112.01 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. — 84.23 O.D. ■ 84.27 Germany— Eeichraarks to £1 N.Z. , ... ... T.T. — 9.709 O.D. — 9.714 Holland— Florins to £1 N.Z. ... T.T. 7.325 7.175 O.D. 7.385 7.179 Italy— Lire to £1 N.Z. ... T.T. — 74.51 O.D. — 74.56 Java— Florins to £1 N.Z. ... T.T. 7.281 7.121 Norway— O.D. 7.341 7.125 Kroner to £1 N.Z. .. T.T. 16.181 15.891 O.D. 16.241 15.901 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. 17.419 17.149 Noumea— O.D. 17.524 17.154 Francs to £1 N.Z. ... T.T. — 82.86 O.D. — 82.92 Papeete— Francs to £1 N.Z. ... T.T. O.D. — 83.0i • 83.07 Hongkong— N.Z. pence to 1 dollar ... T.T. 18 17-54 18 49-64 O.D. 18 15-64 18 5-4 India and Ceylon— N.Z. pence to : 1 rupee .. T.T. 22 13-32 22 11-16 O.D. 22 3-8 22 43-64 Japan— N.Z. pence to 1 yen ... T.T. — 17 15-32 O.D. — 17 29-64 Shanghai— N.Z. pence to 1 dollar ... T.T. 17 53-64 18 21-64 O.D. 17 51-64 18 5-16 Singapore— N.Z. pence to 1 dollar ... T.T. 34 25-32 35 13-64 ■ O.D. 34 5-8 35 3-16 Chefoo— N.Z. pence to 1 17 53^64 dollar .., ... t;t. 18 29-64 O.D. 17 25-32 .18 7-16

100 Dunlop Perdriau 0 19 0 100 Elliotvale Collieries 1 0 0 100 Selfridges (N.Z.) 0 5 9 200 Mount Morgans 0 16 5 100 Mount Lyells 2 3 9 £240 Mortgage Corporation Bends 100 Petrous Tile ... 98 10 0 0 12 6 50 N.Z. Drug 200 N.Z. Refrigerating Cont. 3 17 6 ex- div. ... ’ 0 9 2 100 Shillings Ltd 0 19 3 50 Claude Neon Sydney 2 12 0 250 Gillespie’s Beach 0 1 6i BUYERS. 50 G. J. Coles 5 13 0 200 Rawang Tin 0 11 3 50 Ballin’s Breweries 0 8 0 50 Milburn Lime and Cement ... 2 .2 0 10 Union Banks 10 12 6 100 N.Z. Breweries ... 2 18 0 100 N.Z. Paper Mills 1 8 0 50 Associated Motorists 1 10 0

£ s. d. Commercial Banking of Sydney 22 7 0 CTnion Bank 10 15 0 United Insurance 11 10 0 Berlei 9 0 .0 British Tobacco 2 12 0 Tooth’s 2 17 0 Toohey’s 1 17 4*: Coles 5 10 0 Winchcombo Carson ... 1 19 6 Morris Hedstrom 1 10 3 Millaquin Sugar 2 4 0 Electrolytic Zinc 2 1.5 9 Electrolytic Zinc (pref.) ... 2 17 3 Anthony Hordern 1 1 n Lustre .1 3 3 Aust. Guarantee Corn. (pref.) ... ... ... 1 0 6 Permanent Trustee ... 1 0 3 Claude Neon .... ... ’ 2 12 6 Peters ... ; ... >■1 2 7 0 Kandos 1 4 lOi Hackshalls 0 17 0 Gordon and Gotch 2 12 6 Meggitts 1 13 6 Stedman ... 0 17 9 Warburton Eranki 1 3 0 Newbold Brick 1 17 6 Woohvorth’s (ord.) ... 8 13 6 Selfridges 2 1 0 Selfridges, N.Z 0 5 9 Mount Morgan 0 17 1* Mt. Morgan (N.Z. delivery) 0 17 1* Mount Lyell 2 4 9 Zinc Corporation 1 • 7 6 0 Kuala Kampar 1 3 0 Emperor ... ... ... 1 0 8 Lady-Shenton 0 0 10 Taranaki Oil 0 2 7

£ s. d. Howard Smith. •••1 3 1 British Tobacco ... 2 12 3 Carlton Brewery ... 3 5 0 Coles ... 5 8 6 Australian Glass ... .. 0 14 0 Dunlop Perdriau 0 19 3 General Motors 14 6 Electrolytic Zinc 2 15 6 Electrolytic Zinc (pref ) ... 2 17 G Aounghusbands ... 219 Mount Morgan ... .. • 0 17 0 Mount Lyell ... o 4 9 Broken Hill Proprietai v ... 4 1 9 North Broken Hill 3 19 ' 0 South Broken Hill ... 2 9 0 Emperor ... 10 6 Loloma - 1 4 11

Consofe, 2£ per cent, £81 10 0 Funding Loan, 4 p.c., 1968-90 ... 113 5 0 Assented War Loan ; ,103 10 0 Conveision' Loan, 3i ■ 104 10 0 Victory Bonds, 4 (ex div.) 112 10 0 Commonwealth, 5, 1945-75 108 7, 6 Commonwealth, 3), 1936-37 .., 101 7 6 Commonwealth, 4, 1943-48 102 0 0 Commoiwealth, 3j, 1948-53 101 16 3 Commonwealth, 3 1, 1956-61 98 15 0 Commoiwealth, 3, 1955-58 95 5 0 New Soith Wales, 4£, 1935-45 .... 100, 0 .0 Victoria; 3, 1929-49 . 98 5 0 Victoria; 4J,' 1940-60 ... 103 5 : 0 Victoria; 5, 1945-75 ■ ..; ... ... .108 0 0 Queensland, 3, 1922-47 ..; •... ■ 98 2 6 Queensland, 5, 1940-60 ... :.. 106 13: 9' South .Australia, 3, 1916 (opt,) ; 88 2 $• South Australia, 5, 1945-.75 108 5: 0 West Australia, 4, 1942-62 101 6, 3' Tasmania 3i, 1920-40 ... ... 101 5 0 Tasmania. 4, 1940-50 ... .1,01 5 0 New Zealand, 4$, 1948-55 104 . 5. 0 New Zeaaud, 3|, 1940 101 .r 6 New Zeaand, 3, 1945 99 7 6