Commerce, Mining, & Finance'

Evening Star, Issue 22573, 15 February 1937, Page 7

Commerce, Mining, & Finance'

THE SHARE MARKET DUNEDIN STOCK EXCHANGE BRISK TRADING MAINTAINED Lively trading conditions continued to prevail on the local share market this mornInk no fewer than 13 sales being recorded at the meeting of the Exchange \alues generally revealed a definite tendency to harden as a result of increased inquiry for practically all classes of investment shares. F Quotations were particularly numerous for banking scrip, but Commercials provided the only business on 'Change, two sales being effected at 19s 3d. New Zealands had a reported sale at the easier figure of 40s 3d. Australasias showed considerable improvement, and only 5s separated the quotations. E.S. and A.s also experienced a sharp rise, sellers asking up to £6 9s 6d. ■Unions were firm, with buyers offering up to £l2 10s. „ , , In the meat section Gears were wanted at 17s, and Eefrigeratings continued to be quoted cum dividend. The company’s annual meeting is set down_ for February 17, and the transfer books will be cloced until February 20. , .. Business was reported in Loan and Mercantile ordinaries at £44 10s and £44, the market closing firm. Mosgiel Wqollens moved up to buyers at £9 17s, when a seller appeared at £lO 10s. In the miscellaneous group Broken Hill Proprietary's were in strong demand without finding a seller. G. J. Coles maintained the sensational rise of last week, reported business at £5 10s being followed by a sale at £5 11s and further buyers at this figure, with no seller under £5 11s 9d. Dunlops were the medium of business at 19s on rising market. New Zealand Breweries showed a sharp rise from buyers on Saturday at 57s to 57s 9d this morning without revealing a seller. Woolworth’s (Sydney! ordinary shares suffered a slight loss, sellers easing Is and buyers offering Is 6d less on Saturday’s rates. x Overseas mining shares continued to attract keen attention, and al’ Australian issue* associated with base me'als appreciated considerably. SALES REPORTED. Bank of New Zealand, £2 0s 3d. N.Z. Loan and Mercantile (ord.), £44 10s, : £44. G. 7. Coles, £5 10s (late Saturday). Mount Lyell, £2 4s 4d (late Saturday). SALES ON ’CHANGE. Commercial Bank, 19s 3d (2), Dunlop Perdriau Rubber, 19s. G. J. Coles, £5 11s. Mount Lyell, £2 ss. SALES AFTER CALL. Hume Pipe, £1 Is 4d. Mount Lyell, £2 4s 9d (2).

DIVIDENDS DUE

FOREIGN EXCHANGES BN NEW ZEALAND CURRENCY BAIIt 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): —

DOLLAR RATES, The Associated Banks (other 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.

TO INVESTORS IN STOCKS SHARES

Investors are invited to transact their business through members of the Dunedin Stock Exchange. All Contracts are completed in accordance with the Rules and Regulations of the Stock Exchange Association of New Zealand. These have been approved and advertised in the ‘ Government Gazette.’ No member of a Stock Exchange in any part of the world is permitted to advertise shares for sale or purchase. Persons, firms, or companies who advertise shares for sale or purchase or employ canvassers are not members of the Stock Exchange. The following arc the members of the Stock Exchange:— C. H. Breeze, 21 Crawford street. D. J. Calder, N.Z. Express Buildings. Hamilton and Davidson, Stock Exchange Buildings. Logan and Vivian, N.Z. Express Buildings. W. L. Goldsmith, Stock Exchange Buildings. J. S. Hislop, 105 High street. J. R. Laidlaw, High street. Ralph Malcolm and Co., Stock Exchange Buildings. Wm. Brown and Co., N.Z. Express Buildings. . W. H. M’Leod, Stock Exchange Buildings. N. and £. S. Paterson Ltd., 163 Rattray street. W. E. C. Reid and Co., Edinburgh House. Sligo Bros., Stock Exchange Buildings. Fenwick and Reeves, Standard Insurance Buildings. Arthur M. Sidey and Co., A.M.P. Buildings. J. VV. Smeatdn and Co., 152 High street. W. B. H. Statham, 320 Princes street. W. F. Titchener, Queen’s Buildings. J. H. Walker, T. and G. Buildings. W. J. Watson, Stock Exchange Buildings. Quick, Smith, and Black, Stock Exchange Buildings.

DOMINION BREWERIES LTD.

NEW SHARE ISSUE ADDITIONAL £55,080 CAPITAL AUCKLAND, February 14. The decision to raise an additional £55,000 capital by the issue of 40,000 ordinary shares of £1 at a premium of 7s 6d has been made by the Dominion Breweries Ltd. The offer is made in the first instance to shareholders in the proportion of one share for every four shares held. THE MEAT MARKET [Pan United Press Association.! WELLINGTON, February 14. The New Zealand Meat Producers’ Board advises that the following are the approximate average prices realised for the week based on actual transactions of wholesale quantities of the descriptions of meat mentioned and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithfield Market, and/or ex London stores (prices for the two previous weeks are also shown) : New Zealand Sheep.—Crossbred wethers and/or maiden ewes: Under 481 b, 5Jd per lb; 49-561 b, 5Jd; 57-641 b, 4Jd; 65-72!b, 4fd. Ewes : Under 481 b, 4|d; 49-561 b, 4d; 57-641 b, 3|d; 65-721 b, 3Jd. New Zealand Lambs.—North Island Downs: Under 361 b, 8d; 37-421 b, 7|d; 43-501 b, 7\d. Second quality: Average about 301 b, 7id. North Island: First quality, under 361 b, 7fd; 37-421 b, 7Jd. Second quality: Average about 311 b, 7id. Australian Lambs.—Victorian : First quality, 29-361 b, 7d; 37-421 b, 6*d. Argentine Lambs.—First quality; Under 361 b, 6id : 37-421 b, 6id. New Zealand Frozen Beef.—Ox hinds, 145-21011), 4|d; ox fores, 1452101 b, 3d. Australian Frozen Beef.—Ox hinds, 145-2101 b, 4Jd; ox crops, weights corresponding, 3d. Australian Chilled Beef.—Ox hinds, 145-2101 b, 5-id; ox crops, weights corresponding, 3jjd. Southern Rhodesian Chilled Beef.— Ox hinds, 145-2101 b, s£d; ox fores, 1452101 b, .2Jd. Argentine Chilled Beef.—Ox hinds, 145-2101 b, 5Jd; ox fores 145-2101 b, 34d. Uruguayan Chilled Beef.—Ox hinds, 145-2101 b, 5Jd; ox fores, 145-2101 b, 3Jd, Brazilian Chilled Beef.—Ox hinds, 145-2101 b. s§d. New Zealand Porker Pigs.—First quality; 61-801 b, 7|d; 81-lOOlb, 7d; 101-1201 b, 6Jd. New Zealand (Baconer Pigs.—l2l- - 6d. Lamb Market.—Tendency of market is steady, with trade good for the time of year. Mutton Market.—Wethers : Lightweights firm; heavy-weights shade easier. Ewes firm, with prices heavyweights slightly better. Beef Market.—Frozen beef: Market firm, with prices unchanged. Chilled beef: Shade weaker owing to heavier supplies. New Zealand Porker Pigs.—Market quiet and unchanged. New Zealand Baconer Pigs.—Prices unchanged, with very little business doing. SYDNEY STOCK EXCHANGE Press Association —By Telegraph—Copyright SYDNEY, February 13. The following sales have been recorded :

Quotations as under:— Buyers. Sellers. * £ s. d. £ s. d. BANKING— Australasia 13 0 0 13 5 0 New South Wales ... 35 10 0 36 10 0 New Zealand 2 0 0 2 0 8 Commercial 0 19 2 0 19 4 Commercial (pref.) ... 9 0 0 — B.S. and A 6 6 0 6 9 6 National of New Zealand 3 0 0 3 3 0 Union of Australia Ltd. ... 12 10 0 — ■INSURANCE— National 0 18 6 New Zealand ... ... 3 1 6 Standard ... 2 17 6 3 0 0 SHIPPING— P. and , 0. Deferred i Stock’ - ... { 1 17 0 U.S.S. Co. (pref.) ... 1 6 D — MEAT PRESERVING— Gear 0 17 0 N.Z. Refrigerating (paid) _ 1 0 5 N.Z. Refrigerating (cont.) . 0 9 0 0 9 5 Waitaki Farmers’ Freezing 4 2 0 - '•LOAN AND AGENCY— Goldsbrough, Mort ... 1 18 6 Mortgage Corporation r ,- 3| per cent. Stock N.Z. Loan and Mercantile (ord.) Otago Farmers’Co-op. 98 10 0 43 0 0 47 0 0 0 3 9 — Perpetual Trustees ... — 3 4 0 Trustees, Executors, and Agency 3 12 0 Wright, Stephenson (ord.) ... 0 18 6 1 0 0 Wright, Stephenson - COAL— (pref.) 0 19 0 1 0 3 . Kaitangata 1 1 6 — Westport 1 3 9 — .WOOLLEN COMPANIES— Bruce (ord.) ■ — 0 13 3 Bruce (pref.) ... ... — 1 2 9 Kaiapoi (ord.) — 0 15 0 Mosgiel 9 17 0 10 10 0 Oamaru — 1 1 6 Timaru — 1 1 6 . MISCELLANEOUS— , Anthony Hordern ... 1 0 6 1 1 3 Associated News (pref.) 1 3 6 Australian Glass 4 12 0 4 14 6 British Tobacco 2 11 6 Broken Hill Proprietary 4 2 0 Broken Hill Proprie- ;. tary (cont.) 3 10 0 _ ", Brown, Ewing (ord.) 1 0 0 1 1 6 Consolidated Brick 0 10 5 0 10 9 Crystal Ice Co — 2 6 0 D.tC. (ord.) 0 16 0 — V D.I.C. (pref.) 1 3 9 — Dominion Fertiliser ... 1 4, 0 — Donaghy’s Rope and Twine 2 11 0 Dunlop Perdriau ‘ Rubber 0 19 0 0 19 1 General Industries ... 1 0 0 1 0 6 G. J. Coles 5 11 0 5 11 9 . Hume Pipe 1 1 0 1 1 9 Milburn Lime and Cement 2 -2 0 M’Leod Bros 31 12 6 Mort’s Dock 0 13 0 0 13 8 National Electric — 0 15 3 . N.Z. Drug Co 3 16 0 N.Z. Farmers’ Fertiliser 1 1 0 N.Z. Paper Mills 1 10 0 * Otago Daily Times ’ Shillings Ltd 2 5 0 18 0 9 — Wilson’s (N.Z.) Cement 1 19 0 Woolworths (ord.) ... 7 0 0 7 3 0 BREWERIES— New Zealand ... ... 2 17 9 Staples — 1 16 Oex - Dominion — 2 5 0 Dunedin 1 8 6 1 10 0 Carlton 3 3 0 3 5 0 UNLISTED STOCKS— Woolworths (Syd., ord.) 8 10 6 8 13 0 OVERSEAS MINING— Broken Hill South (El) 2 8 0 2 10 0 Electrolytic Zinc (pref. El) 2 17 3 -

Electrolytic Zinc (ord., £i) : 2 15 6 2 17 0 Emperor Mines, Fiji (ids) — 1 1 0 Mount Lyell (£1) ... 2 4 9 2 5 0 Mount Morgan (2s 6d) 0 16 11 0 17 2 Placer Development — 5 3 0 Rawang Tin (10s) ... 0 11 3 0 11 6 Sulphide Corporation — 0 15 0 GOLD MINING— Argo Dredging (Is) — 0 2 1 Big River (Is) — 0 1 10 Central Shotover (Is) — 0 0 6 Clutha River (2s) ... 0 2 6 — Gillespie's (Is) 0 1 6 0 1 7 King Solomon (Is) ... — 0 n 5 Molyneux River (2s) 0 2 4 — Maori Gully (Is) ... 0 0 5 0 0 6 Nokomai (5s) 0 2 4 0 2 6 Okarito (5s) 0 4 0 0 4 3 Paddy’s Point (5s) ... 0 1 6 0 2 6 Skippers (Is) Waimumu Sluicing 0 0 4 (Is) — 0 1 1 Waipapa Beach (Is) 0 0 8 — Waitahu (5s) — 0 2 6 Worksop (Is) 0 1 7 — N.Z. GOVERNMENT LOANS34 p.c. Stock, Nov., 1938-52 — 101 17 6 31 p.c. Stock, March, 102 0 193943 — 0 3£ p.c. Stock, Sept., 102 0 0 193943 — 34 p.c. Stock, May, 1939-52 ■ 102 5 0 34 p.c. Stock, March, 101 0 0 1941-43 — 31 p.c. Stock, Sept., 101 191143 0 q — 31 p.c. Stock, May, 101 1941-52 0 6 —■ 34 p.c. Stock, Nov., 101 1941-52 0 0 — 4 d.c. Bonds. 1943-46 101 15 Oex — 4 p.c. Stock, 1943-46 101 15 Oex — 4 p.c. Bonds, 1946-49 — 104 0 0 4 p.c. Stock, 1946-49 — 104 0 0 4 p.c. Stock, 1952-55 ” 103 10 0

National Mortgage and Agency (N.Z.)—5 per cent, per annum Feb. 24 Gillespie’s Beach—Id a share (8 1-5 per cent.) Feb. 24 Bank of N.S.W.—Interim, 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 —Is per share ... Mar. 24

London— £100 stg. Buying. Selling. N.Z Australia— £A to £100 T.T. £124 O.D. £123 10/ £124 10/ £124 8/9 N.Z Fiji— £F to £100 T.T. £101 £100 10/ N.Z New York— Dollars to £1 T.T. £90 7/6 £89 N.Z. Montreal— Dollars to £1 T.T. O.D. 3.95* 3.97 3.924 3.92| N.Z Austria— Schillings to £1 . T.T. O.D. 3.95 j 3.97* 3.92| 3.92J N.Z. .. T.T. — 20.58 Belgium— Belgas to £1 O.D. 20.60 N..Z. Czechoslovakia— Crowns to £1 .. T.T. O.D. - 23.180 23.191 N.Z Denmark— Kroner to £1 .. T.T. O.D. - 111.88 111.93 N.Z. France— Francs to £1 T.T. O.D. 18.203 18.263 17.893 17.903 N.Z T.T. O.D. Germany— Eeichmarks to £1 - 84.25 84.29 N.Z. Holland— Florins to £1 .. T.T. O.D. - 9.701 9.706 N.Z. Italy— Lire to £1 ; T.T. O.D. 7.323 7.383 7.173 7.177 N.Z. Java— Florins to £1 .. T.T. O.D. 74.46 74.51 N.Z. . T.T. 7,281 7.121 Norway— i Kroner to £1 O.D. 7.341 7.125 N.Z. Sweden— Kroner to £1 T.T. O.D. 16.181 16.241 15.891 15.901 N.Z. Switzerland— Francs to £1 T.T. O.D. 15.785 15.845 15.490 15.500 N.Z. Noumea— Francs to £1 T.T. O.D. 17.419. 17.524 17.149 17.154 N.Z. ’ ... Papeete— Francs to £1 .. T.T. O.D. - 82.90 82.96 N.Z. Hongkong— N.Z. pence to i . T.T. O.D. - 83.03 83.09 dollar T.T. O.D. 18 17-64 18 15-64 38 49-64 18 3-4 India and CeylonN.Z. pence to 1 rupee Japan— N.Z. pence to i T.T. O.D. 22 13-32 22 3-8 11 11-16 22 43-64 yen Shanghai— N.Z. pence to i T.T. O.D. 17 15-32 17 29-64 dollar Singapore— N.Z. pence to i T.T. O.D. 17 53-64 17 51-64 18 21-64 18 5-16 dollar Chefoo— N.Z. pence to i T.T. O.D. 34 23-32 34 5-8 35 13-64 35 3-16 dollar i„ T.T. O.D. 17 53-64 17 25-32 18 29-64 18 7-16

(Pci- £1 N.Z.) (Per £1 N.Z.) SKLIJNG— T.T. (doj) 3.92J3.92j O.D. (dol) 3.92| 3.93 BUYING— T.T. (doll 3.95| 3.95J O.D. (dol) 3.97 3.97*

Commonwealth Bonds— £ s. d. 4 p.c., 1938 101 8 9 4 p.c., 1944 101 17 6 4 p.c., 1947 102 0 0 4 p.c., 1950 102 0 0 4 p.c., 1957 100 12 6 Commercial Bank of Sydney 22 8 0 Bank of Now South Wales 3(5 10 0 Tooths 0 17 3 Automatic Totalizators 0 19 9 Broken Hill Ply Burns, Philip (New Zealand 4 2 9 delivery) ... 3 19 3 Dunlop Pordriau 0 19 3 Electrolytic Zinc 2 16 9