SHARE MARKET

Evening Star, Issue 22627, 20 April 1937, Page 6

SHARE MARKET

DUHEDIH STOCK EXCHANGE Australian mining shares again dominated the market this morning, and although several sales were made prices eased considerably. Mount Lyells, which had four transactions at £2 5s 3d, were , quoted at £2 5s and £2 5s sd, an approximate drop of 9d on yesterday’s figures. Morgans eased to 16s 6d and 16s Bd, two parcels changing hands at 16s -7d. Both issues of Electrolytic Zincs registered a fall ot approximately 2s on sellers’ quotations, the closing figures being £2. 19s and £2 17s 6d for the preference and ordinary issues respectively. Bank of New Zealands had business at £2 5s 3d, final quotations being 3d on either side of that figure. In local gold mining Nokomais had reported business at 2s 2d late yesterday, while Government stock was quiet. SALES REPORTED. —Late Yesterday.— Bank of New Zealand, £2 5s 3d, General Industries, £1 Os 4d. Hume Pipe, £1 Os 2d. Nokomai, 2s 2d. SALES AFTER CALL. —Late Yesterday.— Mount Lyell, £2 5s 6d. —This Morning.— Mount Morgan, 15s 7d (two). North Broken Hill, £3 lOs. SALES ON ’CHANGE. —Late Yesterday.— Taranaki Oil, 3s 9d, Mount Lyell, £2 5s fid. —This Morning.— Electrolytic Zinc (ord.), £2 17s 3d. Mount Lyell, £2 5s 3d (four). Quotations as under; — Buyers. Sellers. £ b. d. £ s. d.

DIVIDENDS DUE South British Insurance —Interim, Is 4d per share Apr. 22 Denton Hats Ltd. —Interim, 3d a £1 share Apr, 23 Drug Houses of Aust.—lnterim, 3 per cent Apr. 30 United Provisions —Interim preference at 8 per cent, per annum Apr 30 North Kalgurli (1912) 'Ltd. —Interim, fid sterling a share; ... Apr. 30 Associated Newspapers—lnterim, pref. and ord., 2 per cent. ... Apr. 30 E.S. and A. Bank—lnterim, 3] per cent, (sterling) May 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); —

DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates to-day on a Now Zealand currency basis. They are subject to alteration without notice: — U.S.A. Canada. (Per £1 N.Z.) (PerfilN.Z.) SELLING— T.T. (del) ... ... 3.94 11-16 3.94 3-16 O.D. (dol) ... 3.95 3-16 , 3.94 11-16 BUYING— O.D. (dol) ... 3.99 i 3.98 15-16 FOWL FEED SHORTAGE MILLING WHEAT RELEASED [Per United Press Association.] Christchurch,• April id. According to a statement made today by the deputy-chairman of tho Wheat Committee (Mr L. J. Schmitt), milling wheat is to bo released for sale as fowl feed. It was also announced that Australian wheat has been purchased to relieve "the position. The fowl wheat position has recently become acute, as millers have been taking almost all the wheat offering, and tho supplies of fowl feed have been insufficient to meet the local demand. Mr Schmitt’s statement is as follows:—“In order to provide poultry keepers with supplies of New Zealand wheat, the Wheat Committee has found it necessary to release a certain quantity of milling wheat to meet the demand for fowl feed. Wheat is being sold at 5s 3d, the March basis, plus increments and brokerage charges. The Wheat Committee has also purchased some Australian wheat for feeding, and it is hoped that this will relieve the demand for New Zealand milling wheat for poultry. By an arrangement made with tho merchants this wheat will be sold to poultry keepers in the North Island in 10-sack lots, ex wharf, at a small profit (3d per bushel) over the ex wharf, landed cost. This applies also to Australian wheat, the landed cost of which will, of course, he higher than that of New Zealand wheat.”.

BANKING— New South Wales 37 0 0 — New Zealand ... .. .25 0 2 5 6 Commercial-... ... .. . 0 19 6 0 19 7 Commercial (pref.) .. 6 9 0 — E.S. and A 6 10 0 — National of New Zealand 3 5 3 National of Aus7 14 tralasia (cont.) .. 6 — Union of Australia Ltd. 11, 4 6 — INSURANCE—i National . 0 17 9 0 18 0 Standard ... 2 17 0 2 18 0 SHIPPING— Howard Smith .... ... — 1 3 9 Huddart, Parker (ord.) 2 0 0 P. and 0. Deferred Stock ... ...; ... 2 2 6 — U.S.S. Co. (pref.) .. 1 6 6 — MEAT PRESERVINGN.Z. Refrigerating . 0 19 (paid) 3 0 19 7 N.Z. Refrigerating 0 8 (cont.) 9 LOAN AND AGENCYGoldsbrough, Mort .. 1 16 6 147 1 Mortgage Corporation 0 3J per cent. Slock — 98 10 National Mortgage .. — 2 15 0 N.Z. Loan and Mer52 0 cantile (ord.) — 0 N.Z. Guarantee Corporation .-. 0 4 9 0 5 3 Otago Farmers’ Co-op Otago Farmers’ Co-op 0 4 0 ■— , 0 19 (A pref.) ... .. 0 — Perpetual Trustees ... — 3 0 Trustees, Executors, and Agency, Wright, Stephenson 3 12 0 — 0 18 (ord.) 6 — Wright, Stephenson 0 19 (pref.) 6 COALWestport ... 1 3 6 — Westport-Stockton (ord.) 0 1 11 WOOLLEN COMPANIES— Bruce (ord.) , — 0 12 6 Mosgiel .. 10 0 0 10 ip 0 MISCELLANEOUS— Anthony Hordern ... — 1 0 6 Australian Iron and Steel (pref.) ... _.. Broken Hill Proprie1 6 3 1 7 3 9 tary .. 4 1 9 4 2 Broken Hill Proprietary (cont.) — 3 15 6 Brown, Ewing (ord.) 1 0 0 — . Brown, Ewing (pref.) ... : 1 2 6 45 — Colonial Sugar Co. .. 44 10 0 0 0 Consolidated Brick ... — 0, 9 3 Crystal Ice Co. 1 18 0 2 4 0 D.I.C. (ord.) a. ... 0 16 9 — D.I.C. (pref.) ..... ... Dominion Fertiliser 1 3 1 3 9 9 1 4 3 Dunedin Stock Exchange 6 Proprietary . — 2 2 General Industries ... —- 1 0 6 G. 3. Coles 5 3 0 5 5 0 Hume Pipe ... ... — . 1 0 4 Milburn Lime and Cement — 1 18 9 Mort’s Dock — 0 14 3 N.Z.' Drug Co — 5 16 3 N.Z. Newspapers ... N.Z. Paper Mills ... 1 1 18 •8 6 5 Shillings Ltd 0 15 3 0 17 0 Wilson’s (N.Z.) Cement — 1 15 0 Woolworths (ord.) ... — 8 1 0 BREWERIES— New Zealand 2 19 0 2 19 6 Staples’ 1 14 9 1 16 0 Dominion ... 1 19 6 2 1 0 . Dunedin 1 5 6' 1 8 6 Tooth’s ... — 2 17 0 UNLISTED STOCKS— Grey River Dredg9 Woolworths (Sydney, 0 2 0 3 6 ord.) — 7 10 0 A. and T. Burt (pref.) 0 7 0 012 6 Woolworths (Sydney, rights) 4 15 0 — Dunedin Ice Cream ... 0 15 0 — OVERSEAS MINING— Broken Hill South (5s) — 2 8 0 Electrolytic Zinc . - (pref., £1) ... ... — 2 19 0 Electrolytic Zinc (ord., £1) ... ... — 2 17 6 Mount Lyell (£1) ... 2 5 0 2 5 5 Mount Morgan (2s 6d) 0 16 6 0 16 8 North Broken Hill (5s) 3 10 0 3 11 0 Placer Development — 5 5 0 Rawang Tin (10s) ... 0 11 9 0 11 11 Austral N.Z. Mining 0 10 9 — GOLD MINING— Big River (Is) 0 2 0 Clutha River (2s) ... 0 2 6 — Gillespie’s (is) 0 1 6 0 X 8 Goldfields' Dredging (Is) — 0 0 4 Molyneux River (2s) 0 2 4 — Nokomai (5s) ... ... — 0 2 4 Okarito (5s) 0 3 4 Sandhills (Is) — 0 0 4 Skippers (Is) — 0 0 4 Waipapa Beach (Is) 0 0 8 — Wait3.hu (5s) 0 1 4 0 2 1 N.Z. GOVERNMENT LOANS— 3j p.c. Stock, March, 193943 100 5 0 3) p.c. Stock, March, 1941-43 3) p.c. Stock, Sept., 100 10 0 1941-43 100 10 0 3j p.c. Stock, May, 1941-52 '. ... 101 10 0 _ 3) p.c. Stock, Nov., 1941-52 101 10 0 4 p.c. Bonds, 1943-46 102 10 0 —

4 p.c. Stock, 1943-46 102 10 0 4 p.c. Bonds, 1946-49 101 0 0 — 4 p.c. Stock, 1946-49 101 0 0 .— 4 p.c. Bonds, 1952-55 103 5 0 — 4 p.c. Stock, 1952-55 103 5 0 3 p.c. Bonds, 1939-41 96 0 0 —

Buying. Selling. London — 100 stg. N.Z T.T. £124 £124 10/ O.D. £123 10/ £124 8/9 Australia— £A to £100 N.Z O.D. £101 £100 10/ Fiji— £F to £100 £89 N.Z O.D. £90 7/6 New York— 3.9441 N.Z .. T.T. 3.9804 O.D. 3.9929 3.9491 Montreal — Dollars to £1 3.9412 N.Z .. T.T. 5.9761 O.D. 3.9886 3.9462 Austria— ! Schillings to £1 20.63 N.Z ... T.T. — O.D. — 20.65 Belgium— Belgas to £1 N.Z .. T.T. 23.321 O.D. — 23.332 Czechoslovakia — Crowns to £1 112.26 N.Z ... T.T. — O.D. — 112.31 Denmark — Kroner to £1 N.Z .. T.T. 18.203 17.893 O.D. 18.263 17.903 Franco— Francs to £1 88.18 N.Z. ... .. ... T.T. — O.D. — 88.22 Germany— £1 Reichsmarks to 9.765 N.Z ... T.T. — O.D. — 9.770 Holland—. Florins to £1 N.Z ... T.T. 7.326 7,176 O.D. 7.386 7.180 Italy— Lire to £1 N.Z. ... T.T. — 74.98 O.D. — 75.03 Java — Florins to £1 N.Z. ... ... .. T.T. 7.297 7.137 O.D. 7.357 7.141 Norway— Kroner to £1 N.Z .. T.T. 16.182 15.892 O.D. 16.242 15.902 Sweden— Kroner to £1 N.Z .. T.T. 15.787 15.492 O.D. 15.847 15.502 Switzerland — Francs to £1 N.Z. .. T.T. 17.502 17.232 O.D. 17.607 , 17.257 Noumea— Francs to £1 N.Z ... T.T. — 86.81 O.D. — 86.87 Papeete— Francs to £1 N.Z ... T.T. — 86.96 O.D. — 87.02 Hongkong— N.Z. pence to 1 18 51-64 T.T. If 19-64 O.D. IE 17-64 18 25-32 India and CeylonN.Z. pence to 1 22 21-32 rupee T.T. 22 3-8 O.D. 22 11-32 22 41-64 Japan— N.Z. pence to 1 17 15-32 yen T.T. — O.D. — 17 29-64 Shanghai— N.Z. pence to 1 51-64 18 19-64 T.T. 17 O.D. 17 49-64 18 9-32 Singapore— N.Z. pence to 1 35 13-64 dollar T.T. 34 23-32 O.D. 34 5-8 35 3-16 Chef oo— N.Z. pence to 1 18 31-64 dollar T.T. 17 55-64 O.D. 17 13-16 ♦ 18 15-32