SHARE MARKET

Evening Star, Issue 22780, 15 October 1937, Page 6

SHARE MARKET

DUNEDIN STOCK EXCHANGE AN IMPROVED UNDERTONE SHARP RISE IN AUSTRALIAN MINING STOCKS Influenced by the brighter tone overseas, the local market finished better this morning with substantial gains recorded in Australian mining stocks, • All issues in this section advanced and monopolised business. Australian industrials tended to improve, but banks remained uncertain. Other sections generally held late rates with little marked change. Banks generally held late rales, hub New Zealands weakened to buyers £2 3s 6d, vendors answering 6d away. Unions had another reported transaction at £9 10s, final sellers rising to £9 12s. Insurances were firm at recent prices. Goldsbrough, Morts were marked down to holders at £1 13s 6d, buyers not responding. Australian industrials tended to improve. Broken Hill Proprietaries rose to a market between £3 15s 9d and £3 16s 6d, while G. J. Coles gained Is. Anthony Horderns were the only shares to slip. Taranaki Oils finished with a wider market between 6s lOd and 7s 3d. Substantial gains were recorded in Australian mining stocks. Broken Hill Souths gained 2s to business at £2 Os Bd, Mount Lyells advanced 6d, Mount Morgans 6d, North Broken Hills Is 6d, while Electrolytic Zincs were also marked up. Local gold mining was very quiet, with little price fluctuation. Government loans were firm, the 1946-49 issue being quoted, ex interest. SALES REPORTED. —Late Yesterday.— Bank of New Zealand. £2 4s. Electrolytic Zinc (pref.), £2 13s (2). Electrolytic Zinc (ord.), £2 10s 6d (2). North Broken Hill, £2 18s 3d. —This Morning.— Union Bank, £9 10s. Associated News (pref.), £1 4s. Brown, Ewing (pref.), £1 2s 6d. Mount Lyell, £1 19s, £1 19s 3d. SALES ON ’CHANGE. —Lato Yesterday.— Electrolytic Zinc (ord.), £2 lls (2). Mount Lyell, £1 17s 9d (3). —This Morning.— Mount Morgan, 10s. SALES AFTER CALL. —Lato Yesterday.— Electrolytic Zinc (pref.), £2 13s Bd. —This Morning.— Electrolytic Zinc (pref.), £2 14s 6d. Electrolytic' Zinc (ord.), £2 13s. Broken Hill South, £2 0s Bd. Quotations as under:— Buyers. Sellers. £ s. d. £ ■. d.

* .Bx int, DIVIDENDS DUE. Wool worths (N.Z.) Ltd.—Final half-yearly, pref., 4J per cent., or 9 per cent, per annum. ... .... ... Oct. 15 Burns; Philp (South Sea) —Interim, half-yearly 7d per share ... ... Oct. 15 Wool worths Ltd.—lnterim, ord. •2 per .cent. i -Oct. 15 N.Z. Guarantee CorporationFinal. 2d per share ... ... Oct. 26 South British Insurance—Final of Is 5d per share „I Oct. 28 United Provision—Final, pref., at 8' per cent, per annum Oct. 28 Drug Houses of Australia—Final, 3J per cent.,- making 6$ per cent, per annum ... Oct. 30 Imperial Chemical Industries—- ’ Interim, half-yearly, ord., 3 per cent. ... • Nor. 1 Martha Mine—ls per share, free of tax ... Nor. 2 FtHfclSH EXCHANGES OH 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 New Zealand currency basis. They are subject to alteration without notice.

BANKING— New South Wale* (£20) 32 10 0 —> New Zealand (£1) ... 2 3 6 2 4 0 New Zealand, Long “ D ” (£1) 1 8 6 1 9 9 Commercial (10s) ... •— 0 17 3 National of New Zealand (£2 10s) ... 2 17 0 3 0 0 Union of Australia Ltd. (£5) 9 9 0 9 12 0 INSURANCE— New Zealand (£1) ... 3 3 9 5 4 6 South British (£1) ■— ,4*16: 6 Standard (£1) 2 19 6 3 0 6 SHIPPING— Huddart, Parker (ord., £1) — 2 4 0 Huddart, Parker (pref., £1) 1 7 0 — P. and 0. Deferred Stock (£1) ... ... — 1 15 6 U.S.S. Co. (pref., £1) 1 6 4 1 6 9 MEAT PRESERVING— N.Z. Refrigerating 9 (paid, £1) 1 0 — N.Z. Refrigerating (cont., IDs) ... ... 0 10 0 South Otago Freezing (£5) 5 0 0 6 0 0 Waitaki Farmers’ Freezing (£5) 4 3 0 — LOAN AND AGENCY— Goldsbrougb, Mort (£1) — 1 13 6 N.Z. Loan and Mercantile (ord., £100) N.Z. Guarantee Cor- — 38 0 0 poration (3s) 0 4 6 _ Otago Farmers Co-op. 4d) 0 3 0 ... Trustees Executors and Agency (£2) 3 15 0 _ Wright, Stephenson (pref., £1) 1 0 3 1 1 3 COALKaitangata (16s) ... 1 3 3 Westport (10s) 1 5 0 _ Westport-Stockton (ord., 10s) 0 2 0 0 2 6 Westport-Stockton (pref., 10s) 0 4 9 — WOOLLEN COMPANIES Bruce (ord., £1) 0 14 0 Bruce (pref., £1) ... 1 1 6 — Kaiapoi (ord., 17s) ... — 0 13 3 Kaiapoi (pref., 17s) — 0 17 3 Timaru (£1) — 0 16 9 MISCELLANEOUS— Anthony Hordern <£l) 0 18 9 Associated News (pref., £1) 1 3 9 Australian Glass (£1) — 4 11 0 British Tobacco (£1) 2 8 6 Broken Hill Proprietary (£1) 3 15 9 3 16 6 Brown, Ewing (pref., £1) 1 2 0 1 3 0 Brown, Ewing (ord., £1) _ 1 2 6 Consolidated Brick (£1) 0 8 1 Colonial Sugar Co. (£20) 47 0 0 D.I.C. (ord., 10s) ... — 0 16 6 Dominion Fertiliser (£1) 1 4 0 . Dominion Fertiliser Debentures 102 0 0 Donaghy’s Rope and Twine (£1) — 2 10 0 Dunedin Stock Exchange Proprietary (£1) ... 2 1 0 Dunlop Perdriau Rubber (£1) ... ... — 1 1 10 General Industries (12s 6d) — 0 19 3 Q. J. Coles (£1) ... 4 11 0 4 12 6 Hume Pipe (£1) ... 0 19 10 Milburn Lime and Cement (£1) 2 4 0 Mort’s Dock (£1) ... — 0 11 6 Motorua Oil (ord,, 5s)' ... 0 2 9 0 4 0 Moturoa Oil (pref.. „ 5s) — 0 S 0 N.Z. Drug Co. (£2) 3 14 6 3 15 6 N.Z. Farmers’ Fertiliser (£1) 1 0 0 N.Z. Paper Mills (£1) 1 7 0 Shillings Ltd (£1) Wilson’s (N.Z.) Cemenl — 0 19 0 (10s) — 1 0 0 Woolworths (ord., £1) — 5 0 0 Taranaki Oil (£1 4s 7d) 0 6 10 0 7 3 BREWERIES— Now Zealand (£1) 2 9 0 Dominion (£1) — 2 1 0 Carlton (£1) 3 1 6 — UNLISTED STOCKS— Woolworths (Sydney, ord., £1) — 1 10 3 Selfridges (£1) 1 11 6 — Security Finance — 0 16 0

Grey River Dredging .. 0 7 6 _ Woolworths (South . Africa) 0 14 8 0 16 0 OVERSEAS MINING— Austral N.Z. Mining (13s) 0 9 0 Broken Hill South (5s) 2 0 0 2 0 9 Electro. Zinc (pref., £1) ... 2 14 6 2 14 10 Electro. Zinc (ord., £1) ... ... ... ... 2 12 0 2 13 0 Mount Lyell (£1) ... 1 19 0 1 19 3 Mount Morgan (2s 6d) 0 10 0 0 10 3 North Broken Hill (5s) 2 19 0 3 0 0 Placer Development — 9 3 13 0 Rawang Tin (10s) ... 0 10 — GOLD MINING— Big River (Is) ... 0 1 1* b i 5 Clutha River (2s) ... 0 3 0 0 4 0 Consolidated Goldfields (4s) Gillespie’s (Is) 0 1 3 0 13 6 Kildare (2sj Molyneux River (2s) — 0 1 3 0 2 0 — 6 Maori Gully (Is) ... — 0 0 Nokomai (5s) 0 2 0 0 2 4 Okarito (5s) ...' ... 0 2 9 0 3 9 Paddy’s Point (5s) ... ■— 0 1 6 Waipapa Beach (Is) — 0 0 3 N.Z. GOVERNMENT LOANS34 p.c. Stock, Nov., 1938-52 ... KM 0 0 34 p.c. Stock, March, 1939-43 ’ ... 101 c 0 __ p.c. Stock, Sept., ••• 101 0 0 __ 34 p.c. Stock, May, 1939-52 104 0 0 _ 34 p.c. Stock, March, 194143 101 0 0 3i Sept., 101 0 9 __ 4 p.c. Stock.* 194346 — 103 5 0 4 p.c. Stock, 194649 — 103 0 0* 4 p.c. Bondi, 1952-55 104 15 0 — 4 p.c. Stock 1952-55 104 15 0 105 5 0 3i p.c. Bonds, 1953-57 96 0 0 —

\ Buying. Selling. London — £100 stir. N.Z. ... T.T. £184 £184 10/ O.D. £123 10/ £124 8/9 Australia— £A to £100. N.Z. ... .. T.T. £101 £100 10/ Fiji— £F to £100 N.Z T.T. £90 7/6 £89 New York— Dollars to £1 N.Z. ... T.T. 4.0110 . 3.9764 O.D. 4.0810 3.9804 Montreal—> Dollars to £1 N.Z. ... T.T. 4.0087 3.9762O.D. 4.0207 3.9802 Austria— Schillings to 20.81 N.Z ... T.T. ' . O.D. — 20.82 Belgium - Belgas to £1 23.862 N.Z. ... T.T. 23.552 O.D. 23.957 23.563 Czechoslovakia— Crowns to £1 112.86 N.Z. ... T.T. — O.D. —- ■ 112.91 Denmark— Kroner to £1 N.Z.' ... T.T. 18.803 17.893 O.D. 18.263 17.899 France— Francs to £1 N.Z. ... ... T.T. 125.20 O.D. — 124.24 Germany— Reichmarks to £1 N.Z. ... T.T. — 9.847 O.D. — 9.852 Holland— Florins to £1 N.Z. ... .. T.T. 7.316 7.166 O.D. 7.356 7.170 Italy— Lire to £1 65.59 N.Z. ... T.T. — O.D. 65.64 Java— Florins to £1 7.141 N.Z. ... ... T.T. 7.891 O.D. 7.331 7.145 Norway— Kroner to £1 15.891 N.Z, ... T.T. 16.181 O.D. 16.241 15.897 Sweden— Kroner to £1 15.490 N.Z. ... T.T. 15.785 O.D. 15.845 15.496 Switzerland — 17.241 N.Z. ... T.T. 17.511 O.D. 17.616 17.246 Noumea— 123.95 N.Z. ... T.T. — O.D. — 123.99 Papeete— 124.00 N.Z. ... T.T. — O.D. — 124.04 Hongkong— N.Z. pence to 1 18 7-16 18 13-16 dollar ... T.T. O.D. 18 13-32 18 13-16 India and Ceylon— N.Z. pence to rupee 1 ... T.T. 22 3-8 22 21-32 O.D. 22 11-38 22 21-32 Japan— N.Z. pence to 1 17 1-2 yen ... ... T.T. O.D. 17 1-2 Shanghai— N.Z. pence to 1 18 7-?2 dollar ... T.T. — O.D. — 18 7-32 Singapore— N.Z. pence to 1 dollar ... T.T. 34 23-32 35 13-64 O.D, 34 5-8 35 15-64 Chefoo— N.Z. pence to 1 18 1-64 dollar ... T.T. mm* O.D. — 18 Manila— N.Z pence to 1 peso ... ... T.T. 17 9-32 17 25-32 O.D. 17 3-16 17 25-32

SELLING— U.S.A. Canada. (Per £1 N.Z.) (Per £1 N.Z.) T.T. (dol) O.D. (dol) BUYING— ... 3.97 11-16 ... 3.98 1-16 3.97 1-2 3.97 7-8 O.D. (dol) ... 4.02 1-4 4.02' 3-16