SHARE MARKET

Evening Star, Issue 22688, 30 June 1937, Page 8

SHARE MARKET

DUNEDIN STOCK EXCHANGE BANKS UP, INDUSTRIALS DOWN Although industrial and Australian mining shares were fractionally weaker this morning, banks continued the recovering movements begun yesterday, New Zealands moving up sharply to business at £2 5s 3d. Australian mining shares were affected by London, and a general all-round easing resulted. The contributing issue of Broken Hill Proprietary was struck off the list to-day, the shares being now fully paid up. New Zealand Breweries were also quoted new issue, paid up 10s and carrying a 15s liability, the rights haying _ expired. The new issue met a good inquiry, buyers appearing at £1 14s, as compared with buyers’ quotation for the ordinary issue of £2 8s 3d. The banking section improved on all quotations. Now Zealands rose sharply to buyers £2 ss, with sellers 3d away. Commercials -firmed to a close market at 18s 4d and 18s sd, while Unions improved to buyers £lO 15s. National Insurance continued to firm, and had inquiries to-day at 17s 6d. Southland Frozen Meats (paid and pref.) were wanted at £4, a holder of tho paid issue quoting £4 12s 6d. ' Broken Hill Proprietary shares were slightly easier, buyers retiring to £3 19s 7d, with sellers offering at £4. G. J. Coles slipped to sellers £5 2s 6d, while Hume Pipes were quoted at 19s 2d and 19s 3d. M f Leod Brothers were quoted this morning, after a long absence, buyers at £32 5s being answered at £33 10s. Woolworths (N.Z.) recovered 5s to buyers £5 ss. The Australian mining section was weaker. Mount Lyells eased to close quotations at £2 Is fid and £2 Is 7d, while Mount Morgans dropped to 12s 4d and 12s 6d, after business late yesterday at tho latter price. Barrier companies also slipped, tho preference issue of Electrolytic Zincs losing 2s on sellers’ quotations. Local gold mining was quiet and easy. Clulha Rivers, although the latest return reveals that 1720 z of gold were recovered last week, dropped back further to buyers Is 3d. Consolidated Goldfields were quoted ex div. at sellers 14s. Nokomais had sellers at tho better price of 2s 9d. Government loans were firm, with reported business in the 4 per cent 1952-55 issue at £lO3, SALES REPORTED. —Late Yesterday.— Bank of New Zealand, £2 4s Bd. Commercial Bank, 18s sd, 18s 4d. Broken Hill Proprietary, £4 Os 9d. G. J. Coles, £5 2s. New Zealand Drug, £3 14s 3d. Wilson’s Cement, £1 Os fid. —This Morning.— Wilson’s Cement, £1 Os 3d, £1 Os fid. Bank of New Zealand, £2 5s 3d. Broken Hill Proprietary, £4 Os 9d. New Zealand Drug, £3 14s 3d. Four per cent. Stock, 1952-55, £lO3. SALES ON ’CHANGE. —Late Yesterday.— Mount Morgan, 12s fid. —This Morning.— Sandhills Id. SALES AFTER CALL. -—This Morning.— Commercial Bank, 18s sd. Quotations as under':—

DIVIDENDS DUE. Morris Hedstrom final, 3f per cent., making 5J per cent, per annum Juno 30 British Tobacco interim, quarterly, 2 per cent., at 8 per cent, per annum June 30 J.C. Williamson—half-yearly pref. at 6 per cent per annum ... June 30 Blackwater —interim, Is, and Consolidated Goldfields, fid (sterling and tax free) Juno 30 Zinc Corporation, participating 3s fid, pref. and ord. (less English income tax), making fis per annum; also half fixed cum, div., 2s on pref., for year ended December, 1937 (less English income tax) ... July 1 National Mortgage and Agency—interim, at 5 per cent. • per annum ... July 1 Goodyear Tyre (Aust’asia) Ltd.— half-yearly pref. jt 8 per cent. per annum ... July 1 Queensland Insurance—interim half-yearly at 8 per cent, per annum July 1 Cash Orders Amalgamation—interim pref. at 10 per cent, per annum July 1 James Stedman, Henderson’s Sweets—first pref. half-yearly, 10 per cent July 1 H.M. Arcade and Theatre Co., Auckland—interim pref. 2 5-5 per cent.; ord. 3 per cent. ... July 1 National Bank of New Zealand—at 4 per cent, (sterling) per annum July 3 Dominion Brewery (old) —final 5 per cent., making 9 per cent. per annum July 3 Argo Gold Dredge—ld per share July 5 Union Theatres Investment Ltd.— interim half-yearly pref. at 5 per cent, per annum July 7 Howard Smith Ltd.—quarterly pref. at 6 per cent, per annum July 7 Mount Morgan—4|d (Australian) July 10 Hume Ripe (Far East) Ltdi—lo per cent, per annum July 12 Woolworths (N.Z.)—interim, ord., 5 per cent July 15 Woolworths Ltd.—interim, ord., 2 per cent July 10 G. J. Coles Ltd.—half-yearly pref. at 8 per cent, per annum ... July 15

CALCUTTA JUTE PRODUCTION

Industrial trouble in Calcutta jute mills had a marked effect upon production in April. For that month, the output was 74,890 tons, which was lower than the quantity produced in April, 1935, when the mils were working only 40 hours a week and had 15 per cent, of their machinery out of commission. In that month the production was 76,464 tons. In April this year the Calcutta ‘ Capital ’ states, hessian production was 11,99,99,700 yards, against 10,57,35,000 yards in April, 1935, and sacking was 9,39,30,QOO yards, against 10,64,97,000 yards.

Buyers. Sellers. BANKING— New South Wales £ s.d. £ s. d. (£20) — 36 0 0 New Zealand (£1) ... New Zealand, 2 5 0 2 5 3 Long “ D ” (£1) ... 1 6 0 — Commercial (10s) ... Commercial (pref., 0 18 4 0 18 5 £10) National of New Zea9 1 6 — land (£2 10s) Union of Australia — 3 4 0 Ltd. (£5) INSURANCE— 10 15 0 National (7s) SHIPPING— 0 17 7 Howard Smith (£1) Huddart, Parker — 1 1 0 (ord., £1) Huddart, Parker — 2 0 0 (pref., £1) P. and 0. Deferred 1 6 9 — Stock (£1) U.S.S. Co. (pref., 1 18 3 — £1) , MEAT PRESERVING— 1 6 3 Gear (10s) 0 16 0 N.Z. Refrigerating (paid, £1) N.Z. Refrigerating 0 18 10 - (cont., 10s) ... ... Southland Frozen 0 8 9 0 9 0 (paid, £1) Southland Frozen 4 0 0 4 12 6 (pref., £1) LOAN AND AGENCY— Goldsbrough, Mort 4 0 0 (£1) National Mortgage — 1 15 9 “ B ” issue (£1) ... N.Z. Loan and Mercan 1 9 0 — tile, ord. (£100) ... N.Z. Guarantee Cor45 0 0 46 10 0 poration (3s) Otago Farmers’ Co-op. 0 4 6 0 4 11 (3s 4d) Perpetual Trustees — 0 4 3 (18s) ... ■ Trustees, Executors, 2 18 0 3 1 0 and Agency (£2) Wright, Stephenson 3 14 0 — (ord., £1) Wright, Stephenson 1 1 3 — (prof., £1) COAL— 1 1 / 0 1 2 6 Kaitangata (16s) ... 1 1 6 Westport (10s) ... ... W cstport-Stockton (ord., 10s) WOOLLEN COMPANIES 1 3 3 — 0 2 3 0 2 9 Bruce, ord. (£1) ... 0 10 0 Mosgiel (£4) ... ... 10 2 0 — Timaru (£1) MISCELLANEOUS— Anthony Hordern 0 18 6 (£1) ' 0 19 1 — British Tobacco (£1) Broken Hill Proprie- — 2 11 0 tary (£1)_ Brown, Ewing 3 19 7 4 0 0 (prof., £1) Consolidated Brick 1 2 6 (£1) 0 7 3 — D.I.C. (pref., £1) ... Dominion Fertiliser 1 3 9 — (£1) - Dominion Fertiliser 1 3 6 1 4 6 Debentures Dominion Rubber 104 0 0 — (£1) Donaghy’s Rope and Twine (£1) Dunedin Stock Exchange Proprietary ~ 1 15 0 2 13 0 (£1) Dunlop Perdriau 2 0 0 Rubber (£1) General Industircs 1 2 3 1 2 5 (12s 6d) — 1 0 6 G. J. Coles (£1) — 5 2 6 Htime Pipe (£1) Kauri Timber (£1 0 19 2 0 19 3 5s) Milburn Lime and — 1 4 0 Cement (£1) 2 0 0 — M'Lcod Bros. (£10) 32 5 0 33 10 0 Mort’s Dock (£1) ... Moturoa Oil (pref., — 0 14 3 Ss) N.Z. Farmers’ Fer0 2 6 0 5 0 tiliser (£1) N.Z. Paper Mills 1 0 0 — (£1) ... , ’ Otago Dailv Times ’ 1 6 6 — (£!') - " 2 5 6 2 7 0 Regent Theatre (£1) Smith ami Smith 1 1 6 prof. (£11 WiKou’s (N.Z.) 1 1 6 — Cement (10s) — 1 1 0

Woolworths, ord. (£1) 5 5 0 __ BREWERIES— New Zealand (£1) ... 2 8 3 — New Zealand (cent., 10s) 1 14 0 — Dunedin (£1) 1 8 6 Tooth’s (£1) — 2 15 6 UNLISTED STOCKS— Mackintosh, Caley, Phoenix (£1) ... ... 0 7 3 —• Woolworths, Sydney, (ord., £1) — 7 0 0 Woolworths (West Aust., £1/ — 7 15 0 Jones Nevis (Is) 0 0 1 0 0 3 M'Kenzie’s Department Stores (£1) ... 3 18 0 — OVERSEAS MINING— Broken Hill South (5s) 2 7 9 2 8 6 Electrolytic Zinc (pref., £1) — 2 16 6 Electrolytic Zinc (ord., £1) 2 14 0 2 15 6 Mount Lycll (£1) ... 2 i 6 2 1 7 Mount Morgan (2s 6d) 0 12 4 0 12 6 North Broken Hill (5s) 3 11 6 3 12 6 Rawang Tin (10s) ... 0 11 9 0 12 0 Austral N.Z. Mining (Us) 0 14 0 — GOLD MINING—: Big River (Is) ... ... —- 0 164 Clutha River (2s) ... 0 1 3 — Consolidated Goldfields (4s) — *0 14 0 Gillespie’s (Is) — 0 1 5 Maori Gully (Is) — 0 0 6 Nokomai (5s) — 0 2 9 Sandhills (Is) ... ' ... 0 0 1 0 0 14 Skippers (Is) — 0 0 4 Waihi Grand Junction (2s) ... — 0 3 0 Worksop (Is) 0 1 3 — N.Z. GOVERNMENT LOANS— 3J p.c. Stock, Nov., 1938-52 102 0 0 — 5>j p.c. Stock, March 1939-43" 101 10 0 — 31. p.c. Stock, Sept., 1939-45 101 10 0 — 3« p.c. Stock, May, ‘1939-52 102 0 0 —- 34 p.c. Stock, March, 1941-43 101 10 0 — 3j p.c. Stock, Sept., 1941-43 101 10 0 — 3i p.c. Stock, May, 1 1941-52 101 10 0 — 3i p.c. Stock, Nov., 1941-52 101 10 0 — 4 p.c. Bonds, 1943-46 103 0 0 — 4 p.c. Bonds, 1946-49 103 15 0 — '4 p.c. Stock, 1946-49 103 15 0 — 4 p.c. Bonds, 1952-55 102 15 0 — 4 p.c. Stock, 1952-55 102 10 0 — 3z p.c. Bonds, 1953-57 99 5 0 — 3i p.c. Stock, 1953-57 99 5 0 — *Ex div.