SHARE MARKET

Evening Star, Issue 22719, 5 August 1937, Page 9

SHARE MARKET

DUNEDIN STOCK EXCHANGE SOUTH OTAGO FREEZINGS JUMP 10/A firmer undertone to the local share market resulted in the host morning s business transacted this week. The feature of the market was the sudden rise in boutn Otago Freezing Company’s stock, which rose 10s to buyers at £8 15s. Since the announcement of the one for one bonus share distribution buyers have steadily advanced their prices, but as yet no holders have appeared. Banks were slightly better, with a, fractionallv firmer market for Australian issues. New Zealands had dealings this morning at buyers* price of £2 4s 6d, sellers at the close quoting 3d away. Commercials improved to buyers at 18s 2d, while Unions had buyers 3s above yesterday’s quotation of £8 15s. Goldsbrough, Morts had firm sellers at £1 16s 3d, but buyers did not respond. Bruce Woollens were also marked up, buyers rising to 11s. Broken Hill Proprietary stock moved up further to a market between £4 3s and £4 3s 9d. Australian Glasses held yesterday’s advance, and although the shares were wanted at £4- 14s, holders did not quote. Milburn Lime and Cements also attracted a good demand, the shares moving up under buying pressure to £2 2s. Barrier companies received considerable attention, Broken Hill Souths and North Broken Hills attracting a better market. Mount Lyells also improved, but Mount Morgans dropped back. Local gold mining was quiet, with small variations. Government loans were firm with strong buyers. SALES REPORTED. —Lato Yesterday.— Bank of New Zealand, £2 4s 6d (4). Taranaki Oil, 4s lOd. —This Morning.— Bank of New Zealand, £2 4s 6d (2). New Zealand Refrigerating (cont.), 9s 6d. SALES ON ’CHANGE. —Late Yesterday.— Broken Hill Proprietary, £4 3s, Hume Pipe, £l. —This Morning.— Bank of New Zealand, £2 4s 6d (2). Broken Hill South. £2 9s 6r, £2 9s 9d. Mount Lyell, £2 3s 4d. Woohvovtus (South Africa), 17s 9d. SALE AFTER CALL. —Lato Yesterday.— Broken Hill Proprietary, £4 3s 3d. Quotations as under:—

DIVIDENDS DUE. N.Z. Insurance Final Is per cent., making 8 per cont, 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—lnterim 3 per cent ... Mort’s Dock 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—B per cent. per annum Aug. 19 Meggitt Ltd.—Final, half-year, Ist and 2nd pref., at 10 per cent. per annum Aug. 19 Bank New South Wales —Quarterly, 6s per share (Aust. currency , ••• Aug. 26 Associated Newspapers—lnterim 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 NATIONAL STOCK MARKET f GOOD VALUES REALISED TOP PRICE FOR OUTRAN BULLOCK [Per United Press Association.] CHRISTCHURCH, August 4. Exceptionally good prices were realised at the national stock market at Addington to-day, when for the first time a fat cattle show was held m conjunction with the sale. The prizewinning bullock from Outram, a frequent winner at Otago fat stock shows, brought £56, the highest price at the national market for some years. A pen of three bullocks, prize winners m another class, made £36 each, and one bullock from Wanganui £34. ADDINGTON MARKET GOOD FAT CATTLE ENTRY [Per United Press Association.] CHRISTCHURCH, August 4. The Addington market to-day drew a very heavy entry of _ fat cattle,_ a cattle show being held in conjunction with it for the first time. Store Sheep.—A small entry met with a good sale for all classes. The, first ewes and lambs of the season, the ewes being aged, made 13s 9d all counted. Spring Lambs.—About 2o spring lambs were offered and sold from 35s to 40s. , Fat Sheep.—Some outstanding show sheep were penned, and these made from £2 12s 6d to £4 12s, the latter being for a pen of four. There were several intermediate prices, the market generally being better than that of last week by 2s to 3s a head. Show wethers, 53s to £4 12s Id ; heavy prime wethers, 43s to 47s Id; light, down to 275; extra prime show ewes, 51s lOd; good heavy, 30s to 35s Id; ordinary, down to 265. Fat Cattle.—There were entries from various parts of the south, the West Coast. § and a few from the North Island. Bidding was very keen, the top figure being £56 for a Shorthorn bullock from Outram (Taieri). A pen of three Aberdeen Angus-Hereford-cross, from Spotswood (North Canterbury) sold at £36 each. In both these cases the cattle were prize winners in their classes. Other high prices were £34 for a Wanganui bullock and from £26 down to £2O. Extra good show steers, to £56: good show steers, £2O to £3O: extra heavy prime, £l6 10s to £lB 10s; prime heavy. £l4 15s to £l6 ss; prime medium-weight, £l3 15s to £ls; ordinary. £lO to £l2 15s; show heifers, to £l7 10s; good, £lO to £ll ss; medium-weight, £7 5s to £9 ss; light and ordinary, £5 5s to £7; show cows, to £l3 12s 6d; good cows, £8 to £!) 15s; medium, £5 5s to £7 10s; light, to £5. Venlers.—There was an improved sale by 3s to os a head: best runners, £0 10s to £7 18s 6d; prime vealers. £4 12s 6d to £5 2s Cd; medium, £2 17s 6cl to £3 10s; small calves, 25s to £2 17s 6d. Store Cattle.—Dairy cows were indifferently represented, there being no quotable lots. Fat Bigs.—Porkers were bettor by 5s to Cs a head and bacouers by 3s. Choppers sold from 58s 6d to £4 18s Gd; show, to £11; porkers, 31s 6d to 59s 6d (average per lb, 6jd to 7id). Bacouers 59s 6cl to £5 14s 6d (average per lb, 6id to 7d). Store Pigs.—There was a sharp recovery in values. Weaners, 14s to 18s 6d ; stores, 24s to 335; sows iu pig, £3 10s to £5 2s Cd. / COLOMBO TEA SALE Mr L. M. Wright has received the following cabled report on the Colombo tea auction of August 3;— Common grades remained steady, medium teas were slightly dearer, and line grades were linn at last week’s rates. * Next week a small sale of 1.250,0001 b Uns been catalogued for auction.

Buyers. Sellers. £ s. d. £ «. d. BANKING— New South Wales ’ (£20) 34 10 0 New Zealand (£1) ... 2 4 6 2 7 9 New Zealand, Lone “ D ” (£1) _ 1 10 3 Commercial (10s) 0 18 2 .— National of New Zealand (£2 10s) 2 19 9 National of Australasia (cont., £5) 7 10 0 Union of Australia Ltd. (£5) 9 18 0 10 5 0 INSURANCE— National (7e) 0 17 9 Standard (£1) — 3 0 0 SHIPPING— Howard Smith (£1) 1 1 6 Huddart, Parker (ord., £1) Huddart, Parker (pref,, £1) 2 0 0 1 7 6 P. and 0. Deferred Stock (£1) 2 0 0 U.S.S. Co. (pref., £1) 1 6 6 — MEAT PRESERVING— N.Z. Refrigerating (paid, £1) 0 19 5 ; N.Z. Refrigerating (cont.. 10s) 0 9 5 0 9 7 Southland Frozen (paid, £1) 4 0 0 South Otago Freezing (£5) 8 15 0 Waitaki Fanners* Freezing (£5) ... 4 1 6 _ LOAN AND AGENCY— Goldsbrough, Mort (£1) 1 16 3 N.Z. Loan and Mercantile (ord., £100) 42' 0 0 45 0 0 N.Z. Guarantee Corporation (5s) ... Otago Farmers’ Co-op. (3s 4d) ... 0 4 11 0 4 2 Trustees Executors and Agency (£2) 3 14 0 Wright, Stephenson (pref., £1) 1 1 0 1 1 9 COAL— Kaitaugata (16s) ... 1 2 0 Westport (10s) 1 4 0 — WOOLLEN COMPANIES Bruce (ord., £1) ... 0 11 0 Bruce (pref., £1) ... 1 1 6 Mosgiel (£4) 10 3 ,0 Oamaru (£1) 0 18 6 Timaru (£1) 0 18 0 MISCELLANEOUS— Associated News (pref., £1) Australian Glass (£1) 1 3 9 4 14 0 British Tobacco (£1) 2 10 0 2 10 6 Broken Hill Proprietary (£1) ... 4 3 0 4 3 9 Consolidated Brick (£ll ... 0 8 3 D.I.C. (pref., -£1) ... 1 4 3 1 4 9 Dominion Fertiliser (£l) ... 1 4 6 1 5 3 Dominion Rubber (£1) 1 14 3 Dunedm Stock Exchange Prop. (£1) 2 0 6 Dunlop Perdrian Rubber (£1) 1 3 7 General Industries (12s 6d) 1 1 0 G. J. Coles (£1) ... 4 19 0 5 1 0 Hume Pipe — 1 0 3 Milburn Lime and Cement (£1) 2 2 0 M’Leod Bros. (£10) 32 0 0 Moturoa Oil (pref., ' 5s) 0 2 6 0 5 0 N.Z. Drug Co. (£2) ... — 3 14 3 N.Z. Farmers’ Fertiliser (£1) 1 1 9 N.Z. Paper Mills (£1) 1 6 6 * Otago Daily Times ’ (£l) 2 5 0 Regent Theatre (£1) 0 19 6 Smith and Smith (pref., £1} , 1 2 6 Woolworths (ord., £1) 5 12 0 Woolworths (rights) — 4 6 0 Taranaki Oil (£1 4s 7d) 0 4 9 — BREWERIES— Now Zealand (£1) 2 9 10 2 10 6 Dunedin (£1) 1 9 6 UNLISTED STOCKS— MTntosh, Caley, Phoenix (£1) 0 7 0 0 9 0 Woolworths (Sydney, ord., £1) 6 6 0 6 12 0 Woolworths (South Africa) 0 17 6 _ Selfridges (£1) 1 11 0 — M’Kcnzie’s Department Stores (£1) 4 3 3 — OVERSEAS MINING— Austral N.Z. Mining (Us) 0 11 6 0 15 0 Broken Hill South (5s) 2 9 6 2 10 0 Electro. Zinc (pref., £l) .... 2 18 6 Electro. Zinc (ord., £D 2 17 0 2 18 3 .Mount Lyell (£li ... 2 3 3 2 3 4 Mount Morgan (2s Gd) o n 10 0 12 2 North Broken Hill (5s) 3 15 3 3 17 0 Rawaog Tin (10 s ) 0 12 0 0 12 8

GOLD MINING— Big River (Is) — 0 1 7 Clutha Xtiver (2s) ... 0 2 6 Consolidated Goldfields (4s) — 0 13 6 Gillespie’s (Is) 0 1 4 — Kildare (2s) — X Lawson’s Elat (Is) ... — 0 0 4 Molyneux Kivcr {Vs) 0 2 0 "7* Maori Gullv (Is) — 0 Nokomai (5s) 0 1 9 0 2 3 Okarito (5s) 0 2 7 Waimumu Sluicing (Is) — 0 0 9 Waipapa Beach (Is) 0 0 6 * N.Z. GOVERNMENT LOANS — 34- p.c. Stock, Nov., 1938-52 ...' 102 15 0 — 3.V p.c. Slock, March, 193943 102 10 0 — p.c. Stock, Sept., 1939-43 102 10 0 ■— 34 p.c. Stock, May, 1939-52 102 10 0 -— 31 p.c. Stock, March 194143 102 10 0 — 31 p.c. Stock, Sept., 194143 102 10 0 — p.c. Stock, May, 1941-52 102 10 0 •— 31 p.c. Stock, Nov., 1941-52 102 10 0 — 4 p.c. Bonds, 194346 104 10 0 — 4 p.c. Stock, 194346 104 10 0 ■— 4 p.c. Bonds, 194649 104 15 0 •— 4 p.c. Stock, 194649 104 15 0 — 4 p.c. Bonds, 1952-55 104 15 0 — 4 p.c. Stock, 1952-55 104 15 0 -