SHARE MARKET

Evening Star, Issue 22718, 4 August 1937, Page 6

SHARE MARKET

DUNEDIN STOCK EXCHANGE DULL, BUT FAIRLY FIRM Although values generally held recent rates, the market was lifeless this morning. Only one parcel changed hands in the room. Tho banking section was fairly steady, with Australian issues still weak. New Zealands had better buyers at £2 4s 6d, with holders at yesterday’s quotation of £2 ss. Commercials were fractionally better on buyers’ offer, but Unions remained easy with a market between £9 15s and £lO ss. South Otago Freezings moved up 5s to an inquiry at £8 5s following the announcement yesterday of a one for one bonus issue. Australian Glass stock improved further to buyers at £4 14s, while Broken Hill Proprietary shares were also marked up following the announcement of tho strike settlement. Business was recorded at £4 3s, buyers at £4 2s lOd at the close being answered 6d away. Consolidated Bricks weakened on an inquiry at 8s 3d, while G. J. Coles had an easier market. Australian mining stock held yesterday’s advance. Mount Morgans advanced further to buyers at 12s 2d, 4d below vendors’ limits. Mount Lyells were fractionally better, while Barrier companies remained Suict. Rawang Tins had a transaction at 2s sd, the market closing at 11a 6d and 15s. Local gold mining was quiet, with Clutha Rivers wanted at 2g 6d, and Molyneux Rivers at the easier price of 2s. Government loans were firm, with business reported in the 4 per cent. 194649 Stock at £lO5. SALES REPORTED. —Late Yesterday.— Bank of New Zealand, £2 4s 6d. Dunlop Perdriau Rubber, £1 3s Bd. —This Morning.— British Tobacco, £2 9s Bd. Electrolytic Zinc (ord.), £2 18s. Bawang Tin, 12s' sd. 4 per cent. Stock (194649), £lO5, SALES ON ’CHANGE. ' —Late Yesterday.— Broken Hill South, £2 8s 9d (2). —This Morning.— Broken Hill Proprietary, £4 3s.

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.

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 arc subject to alteration without notice. U.S.A. Canada. (Per £1 N.Z.) (Per £1 N.Z.) SELLING— T.T. (dol) ... 3.99 7-16 3.99 3-8 O.D. (dol) ... 3.99 7-8 . 3.99 13-16 BUYING— O.D. (dol) ... 4.01 1-16 4.04 1-8

Quotations as under: — Buyers. Sellers. £ s. d. £ a. d. BANKING— New South Wales (£20) t34 10 0 35 5 0 New Zealand (£1) ... 2 4 6 2 5 0 Commercial (10s) tO 18 2 —- National of New Zealand (£2 10s) 2 19 9 .— National of Ausi tralasia (cont., £5) 7 10 0 Union of Australia Ltd. (£5) *9 15 0 10 5 0 INSURANCE— National (7s) 0 17 9 Standard (£1) ... ... — 3 0 0 SHIPPING— Huddart, Parker (ord., £1) _ 2 0 0 Huddart, Parker (pref., £1) 1 7 6 _ P. and 0. Deferred Stock (£1) 2 0 6 U.S.S. Co. (pref., £1) 1 6 4 — MEAT PRESERVING— N.Z. Refrigerating (paid, £1) 0 19 3 N.Z. Refrigerating , (cont., 10s) 0 9 6 0 9 7 South Otago Freezing (£5) ... 8 5 0 Waitaki Farmers’ Freezing. (£5) 4 1 6 — LOAN AND AGENCY— Goidshrough, Mort ' (£1) 1 15 0 1 15 11 N.Z. Loan and Mercantile (ord., £100) 42 0 0 45 0 0 N.Z. Guarantee Corporation (3s) Otago Farmers’ 0 4 11 Co-op.. (3s 4d) .— 0 4 3 Wright, Stephenson(pref., £1) 1 1 0 1 2 0 COAL— Kaitangata (16s) ... 1 2 1 Westport (10s) 1 4 0 — WOOLLEN COMPANIES— Bruce (ord., £1) 0 10 6 Bruce (pref., £1) ... 1 T 6 Mosgiel (£4) 10 3 0 Oamaru (£1) 0 18 6 . Timaru (£1) — 0 18 0 MISCELLANEOUS— Associated News (pref., £1) 1 3 9 Australian Glass (£1) 4 14 0 British Tobacco (£1) *2 9 6 2 10 3 Broken Hill Proprietary (£1) ... 4 2 10 4 3 4 Brown, Ewing (ord.. £1) — 1 2 0 Consolidated Brick (£1) 0 8 3 D.I.O. (pref., £1) .., 1 4 0 Dominion Fertiliser (£1) 1 4 6 1 5 6 Dominion Rubber (£1) 1.11 0 1 15 0 Donaghy’s Rope and Twine (£1) 2 16 0 — Dunedin Stock Exchange Prop. (£1) 2 0 6, Dunlop Perdriau Rubber (£1) ... 1 3 6. 1 4 0 General Industries (12s 6d) , ... — 1 1 0 G. J. Coles (£1) ... Hume Pipe (£1) *4 19 6 5 1 0 1 0 0 Milburn Lime and Cement (£1) 2 0 0 — M'Leod Bros. (£10) 32 0 0 — Moturoa Oil (ord., 5s) 0 1 6 — Moturoa Oil (pref.. 5s) 0 2 6 0 5 0 N.Z. Drug Co. (£2) ... — 3 14 3 N.Z. Farmers’ Fertiliser (£1) — +1 2 0 N.Z. Newspapers (16s 8d) ... 1 16 3 — N.Z. Paper Mills (£1) .... ; 1 6 10 1 7 6 ' Otago Daily Times ’ (£1) 2 5 0 — Regent Theatre (£1) 0 19 6 — Shillings Ltd. (£1) — 0 18 3 Smith and Smith (pref., £11 ... ... Wilson’s (N.Z.) — 1 2 6 1 Cement (10s) — 0 3 Woolworths (ord., 0 £1) — 5 10 Woolworths (rights) — 4 6 0 Taranaki Oil (£1 4s 7d) 0 4 9 0 4 11 BREWERIES— New Zealand (£1) 2 9 9 2 10 6 New Zealand (cont., 5s) 1 14 0 1 14 9 UNLISTED STOCKS— M’Intosh, Caley, 9 Phoenix (£1) 0 7 0 0 0 Woolworths (Sydney, ord., £1) — 6 14 0 Selfridges (£1) 1 12 0 — M’Kenzies Department 0 Stores (£1) 4 ,3 4 4 0 OVERSEAS MINING— Austral N.Z. Mining (Us) 0 11 6 0 15 0 Broken Hill South (5s) 2 8 6 2 9 3 Electro. Zinc (pref., £1) ... +2 17 6 2 18 3 Electro. Zinc (ord.. £1) +2 17 0 2 18 0 Mount Lyell (£1) ... 2 2 11 2 3 3 Mount Morgan (2s 6 6d) 0 12 2 0 12 North Broken Hill (6s) 3 15 0 3 15 6 Rawang Tin (10s) ... 0 12 3 0 12 8 GOLD MINING— Big River (Is) _ 0 1 6 Clutha River (2s) ... 0 2 6 — Consolidated Goldfields (4s) r .. — 0 13 6

Gillespie's (Is) 0 14 0 1 5 Kildare (2s) — 0 1 6 Lawson’s Flat (Is) ... — 0 0 4 Molyneux River (2s) 0 2 0 — Maori Gully (Is) ... — 0 0 6 Nokomai (bs) 0 19 0 2 5 Okanto (6s) 0 2 4 — Sandhills (Is) — 0 0 5 Skippers (Is) — 0 0 4 Waitahu (5s) — 0 1 3 N.Z. GOVERNMENT LOANS— 3i p.c. Stock. Nov., 1938-52 ... ' 102 10 0 — 31 p.c. Stock, March, 195943 102 10 0 — 3.) p.c. Stock, Sept., 1939-43 ... ... ... 102 10 0 — 3A p.c. Stock, May, 1939-52 102 10 0 — 3t p.c. Stock, March, 1941-43 102 10 0 — 34 p.c. Slock, Sept., 1941-43 102 10 0 — 34 p.c. Stock, May, 1941-52 102 10 0 — 34 p.c. Stock, Nov., 1941-52 102 10 0 4 p.c. Bonds, 1943-46 104 10 0 — i . 4 p.c. Stock, 1943-46 104 10 0 •— 4 p.c. Bonds. 1946-49 104 15 0 — 4 p.c. Stock, 194649 104 15 0 — 4 p.c. .Bonds, 1952*55 1U4 Xb 0 4 p.c. Stock, 1952*55 104 15 0 + Cum div. * Ex. div. DIVIDENDS DUE. Perpetual Forests — Final 4 per cent., making 8 per cent, per Aug. annum ... . 5 Mercantile Mutual Insurance — Final half-yearly, , 4 per Aug. per annum b N.Z. Insurance — Pinal Is per cent., making 8 per cent. share, making 10 per cent. for the year Aug. 10 North Kalgurli (1912) Ltd. —9d (sterling) less English income tax ... Aug. 10 Farmers’ Fertiliser —6 per cent. Aug. 16 Commercial Bank of Australia— Six months, at 4 per cent. per annum on pref., and at 6 2-3 per cent, per annum on ordinary ... Aug. 19 Christchurch Gas—Interim 3 per cent — Mort’s Lock and Engineering—4 per cent. ■ Aug. 11 M.K. Millinery Ltd., Auckland— Interim, 10 per cent Aug. 12 Queensland National Bank —Final, at 4£ per cent, per annum ... Aug. 13 Trustees, Executors, and Agency Co., Melbourne—8 per cent. per annum * Aug. 19 Meggitt Ltd.—Final, half-year, 1st and 2nd pref., at 10 per cent. per annum .. Aug. 19 Bank New South Wales—Quarterly, 6s per share (Aust. curAug. 26 rency Associated Newspapers—Interim pref. 2 per cent., ord. 2 per cent Aug. 28 Electrolytic Zinc—Half-year 9 per cent, and bonus of 6d on ord. and pref. ... Sept. 10

London— £100 sts:. 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 I ; Fiji— £P to £100 N.Z T.T. £90 7/6 £89 New York — Dollars to £1 N.Z T.T. 4.0308 3.9938 O.D. 4.0408 3.9978 Montreal— Dollars to £1 N.Z T.T. 4.0310 3.9964 O.D. 4.0438 4.0004 Austria— Schillings to £1 N.Z T.T. 20.88 O.D. — 20.89 Belgium— Bel gas to £1 N.Z T.T. 23.643 O.D. 23.654 Czechoslovakia — Crowns to £1 N.Z T.T. — 113.77 O.D. —. 113.82 Denmark— Kroner to' £1 N.Z. ... ... T.T. 18.203 17.893 O.D. 18.263 17.899 France— Francs to £1 N.Z T.T. 105.89 O.D. c~105.93 Germany— Rcichmarks to £1 N.Z T.T, — 9.874 O.D. — 9.879 Holland— Florins to £1 N.Z T.T. —. 7.2Q9 O.D. —■ 7.213 Italy— Lire to £1 N.Z. ... ... T.T. O.D, , 76.89 76.94 Java— Florins to £1 N.Z T.T. 7.182 O.D. — 7.186 Norway— Kroner to £1 N.Z T.T. 16.181 15.891 O.D. 16.241 15.897 Sweden— Kroner to £1 15.786 N.Z T.T. 15.491 O.D. 15.846 15.497 Switzerland— Francs to £1 N.Z T.T. — 17.333 O.D. . — 17.338 Noumea— Francs to £1 N.Z T.T, — 105.14 O.D. —. 105.18 Papeete— Francs to £1 N.Z T.T. 105.09 O.D. 105.13 Hongkong— N.Z. pence to 1 dollar T.T. 18 7-32 18 21-32 O.D. 18 3-16 18 21-32 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 5-8-22 21-32 O.D. 22 11-32 28 21-32 Japan— N.Z. pence to 1 T.T. J, yen 17 15-32 O.D. — 17 15-32 Shanghai— N.Z. pence to 1 dollar T.T. 17 29-64 17 57-64 O.D. 17 27-64 17 57-64 Singapore— N.Z. pence to 1 dollar T.T. 34 23-32 35 13-64 O.D. 34 5-8 35 13-64 Chefoo — N.Z. pence to 1 dollar T.T. 17 746 18 1-16 O.D. 17 25-64 18 3-64 Manila— N.Z. pence to 1 peso T.T. 29 27-32 30 11-32 O.D. 29 3-4 30 11-32