SHARE MARKET

Evening Star, Issue 22804, 12 November 1937, Page 6

SHARE MARKET

DUNEDIN STOCK EXCHANGE A QUIET MORNING QUOTATIONS REMAIN STEADY A comparatively quiet call-over was experienced on ilie local Stock Exchange this morning, values generally showing little material alteration. Australian mining showed a slight firming on yesterday’s quotations, but business was quiet. The banking section remained steady, though sellers’ price for National of Australasia (cont.) rose 2s, and Union Is. There 1 was no change in the shipping section. . In meat, preserving buyers price for South Otago breezing rose 5s to £5 ss, with a seller wanting £6 10s. Waitaki Farmers’ Freezing dropped to £1 7s, a decline of 2s buyer, no seller. In the miscellaneous section Broken Hill Proprietary rose Is 6d buyer, no seller, and buyers’ price for rights rose 9d, also no seller. Dominion Fertiliser debentures showed an increase of £l, but sellers were not tempted. Mining sections were quiet, and Government loans did not attract much attention. There have recently been two sales of Government stock.. SALES REPORTED. —Lato Yesterday.— New Zealand Refrigerating (cont.), 9s 9d. Dominion Fertiliser, £1 4s 6d. Broken Hill South, £1 17s 10jvl. £1 18s. Electrolytic Zinc (ord.), £2 7s 3d. Four and a-hal£ per cent Stock, 1943-46, £lO3. —This Morning.— Woolworths (Sydney, ord., £1), £1 9s. Dominion Brewery, £2 Os 6d. Three and a-half per cent. Stock, 1938-52, £lOl 10s. ... , , Dominion Fertiliser, £1 4s 6d. SALES ON ’CHANGE. —Lato Yesterday.— Mount Lycll, £1 16s (4). Mount Morgan, 11s lid. SALES AFTER CALL. —Late Yesterday.— New Zealand Insurance, £3 4s. —This Morning.— Tooth's Brewery, £2 14s. Quotations as under;— Buyers. Sellers. £ s. d. £ s. d.

UNLISTED STOCKSSelfridgcs (£1) ... A. and T. Burt (pref., ; £1) 012 6 017 6 Security Finance ... OVERSEAS LIST— Woolworths (South Africa) 0 14 0

DIVIDENDS DUE. United Insurance—Half-yearly, at 8 per cent, per annum Nov. 12 Waihi Investments~6 per cent. per annum (less tax) ... ... Nov. 12 National Insurance—Final, 5d per share, making 9d Nov. 15 Woolworths Holdings Ltd., South Africa—lo per cent Nov. 15 Burns, Philp yearly, at 10 per cent Nov. 15 N.Z. Paper Mills —interim, 3 percent. Nov. 15 Broken Hill Proprietary Halfyearly, at Is 3d per share ... Ncv. 17 Anthony Hordern Half-yearly pref., at 7j per cent, per annum; ord., at 5 per cent, per annum Nov. 17 Australian Glass—lnterim, ord., 6 per cent.; pref., per cent. Nov. 17 Younghusband and Co.—lnterim, half-yearly at 10 per cent, per annum Nov. 19 North Kalgurli—Second interim, 9d per share sterling (equal to 37i per cent.), less 2s 9d in £1 English income tax Nov. 19 National Bank of Australasia— Half-yearly, at 6 per cent, per annum Nov. 24 Henry Jones Co-op.—ls 6d per share Dec. 1 North Broken Hill—Quarterly, Is 3d per share Dec. 8 Bank of New Zealand Halfyearly, Is per share ord., 3| per cent. I) long-term mortgage issue Dec. 11 Broken Hill South —Is 3d per share ... ■ Dec. 17 Victoria Nyanza Sugar—6 , per cent. Jan. 26

CALLS DUE. e Grey River Dredging—Fourth, Is 3d a sliare, making 7s 6d paid Ncv. 19 Associated Pulp and Paper Mills —Sixth, 2s 6d a share Nov. 19 4 THE RESERVE BANK ASSETS AND LIABILITIES [Per United Press Association.] WELLINGTON, November 4. The ' Gazette * issued to-night contains the following statement of liabilities and assets Qf the Reserve Bank of New Zealand as at the close of business on November 8. The figures at the close of the previous week are given for purposes of comparison, shillings and pence being omitted:— LIABILITIES. Last week. This week. £ £ 1, General Reserve Fund 1,500,000 1,500,000 2. Hank notes ... 13,263,633 13,226,901 -3, Demand liabilities—(a) state 4,031,168 4,040.785 b) Banks 7,921,957 0,731,891 (c) Other 405,364 400,747 4. Time deposit5. Liabilities in currencies other than New Zealand currency 0. Other liabilities ... ... 146,485 145,910 Total r ,£27,868,609 ASSETS. 7. Reserve—(al Goi<t 2,801.791 2.801.791 (b) Sterling exchange ... 17,148,967 16,209,930 (c) Gold exchange 8. Subsld'ary coin ... ... 86,054 85,397 9. Discounts—(a) Commercial and agricultural bills ... • (b; Treasury and local body bills •** . 10. Advances—(at To State or Stale undertakings—(l) Dairy industry account 4,400,703 4,198»129 (2) For o»hcr purposes ... 700,000 700,000 (b) To other public authorities ... (c) Other ~ 11. Investments ... ... ... 2,658,320 2,658,325 13. Bank buildings 13. Otlwr assets ... ... 72,708 58,602 Total £27,868,609 £36,712,235 Proportion ot reset ve (No. 7 less No. 5) to notes and other demand liabilities 76.083% 75.845% PROPERTY SALE Messrs Park, Reynolds Ltd. offered at auction yesterday parts of sections 42 and 43, block XXV., Dunedin, containing 31 poles, at the corner of Union and Queen streets, together with a double-story residence of nine rooms, No. 1 Union street. Bidding started at £1,500, and after good competition Mr E. M'Leod was the purchaser at £I,BOO.

BANKING— Australasia (£5) 1 ... — 11 10 0 New South Wales . . (£20) New Zealand (£1) ... 32 10 0 53 10 u 2 3 9 2 4 6 New Zealand, Long “D” (£1) 1 8 9 — 8 Commercial (10s) ... — 0 17 E.S. and A. (£3) ... — 5 18 0 National of New ... . Zealand (£2 10s) — 2 19 U National of Austral- _ . asia (cont.) — Y ID U Union of Australia _ _ _ Ltd. (£5) INSURANCE— 9 ii u National (7s) — 0 18 1 New Zealand (£1) ... 2 19 3 4 9 Standard (£1) . 3 SHIPPING— Howard Smith (£1) — i i 9 Huddart, Parker _ _ . (ord., £1) — 2 3 0 Huddart. Parker (pref., £1) 1 7 3 — . P. and 0. Deferred Stock (£1) 1 5 0 — U.S.S. Co. (pref., £1) MEAT PRESERVING— 1 6 6 N.Z. Refrigerating . (cont., 10s) 0 9 9 U 9 11 Southland Frozen _ _ _ (paid, £1) 1 7 0 1 8 u South Otago Freezing _ (£5) - 5 5 0 6 1U u Waitaki Farmers Freezing (£5) ... LOAN AND AGENCY— 4 7 0 Goldsbrough, Mort (£1) ... 1 13 0 1 14 3 National Mortgage . _ . (£2) 2 0 u 2 1U u N.Z. Loan and Mercantile (ord., £100) N.Z. Guarantee Corw— 36 0 V 0 poration (3s) — 0 4 9 Otago Farmers Co-op. (3s 4d) 0 3 y — Trustees, Executors, and Agency (£2) ... 3 15 0 — Wright, Stephenson (pref., £1) 1 0 6 COAL— Kaitangala (16s) 1 -4 6 — 6 Westport (10s) — 1 5 Westport-Stockton (ord., 10s) — U 2 b Westport-Stockton _ _ pref., 10s) WOOLLEN COMPANIES 0 4 11 0 5 2 Bruce (ord., £1) — 0 0 11 0 Bruce (pref., £1) 1 1 0 17 Kaiapoi (pref., 17s) — 3 Manawatu Knitting Mills 1 14 0 — Mosgiel (£4) ... ... — 10 7 0 Oamaru (£1) — 0 19 3 Wellington (pref., £5) — 6 0 0 Ximaru (£1) 0 17 0 MISCELLANEOUS— Anthony Hordern (£1) —- 0 13 0 Associated News (pref., £1) — 1 4 0 Australian Glass (£1) 4 10 6 4 12 0 British Tobacco (£1) 2 8 6 ' — Broken Hill Proprietary (£1) ... ... 3 2 6 — Broken Hill Proprietary (rights) ... 1 8 6 — Brown, Ewing (pref., £1) — 1 2 0 Brown, Ewing (ord., £1) — 1 2 0 Consolidated Brick (£1) 0 7 6 — Colonial Sugar Go. (£20) ... ... ... 46 15 0 — D.I.C. (pref., £1) ... — 1 4 3 Dominion Fertiliser (£1) 1 4 3 — Dominion Fertiliser Dobs 103 0 0 — Dominion Rubber (£1) — 1 10 0 Donaghy’s Rope and Twine (£1) 2 4 6 2 7 0 Dunedin Stock Exchange Proprietary (£1) ... 2 2 0 — Dunlop Perdnau Rubber (£1) 1 2 0 — General Industries (12a 6d) — 0 19 ■6 G. J. Coles (£1) ... 4 11 6 4 13 0 Milburn Lime and Cement (£1) — 2 1 6 M‘Leod Bros. (£10) 26 15 0 — Mcrt’s Dock (£1) ... — 0 11 6 Moturoa Oil (pref., 5s) — 0 s 0 National Electric (£1) — 0 13 6 N.Z. Drug Co. (£2) — 3 15 0 N.Z. Newspapers (16s 8d) 1 17 0 1 18 6 N.Z. Paper Mills (£1) 1 5 6 — ‘ Otago Daily Times (£1) 2 5 9 Regent Theatre (£1) 0 19 6 — Shillings Ltd. (£1) ... — 0 19 3 Smith and Smith (pref., £1) — 1 2 0 Taranaki Oil (£1 4s 7d) — 0 6 6 Wilson’s (N.Z.) Cement (10s) — 1 0 0 Woolworths (ord., £1) • 5 5 6 Woolworths (Sydney, ord., £1) 1 8 6 1 9 3 BREWERIESNew Zealand (£1)' ... 2 9 0 Dunedin (£1) 1 9 6 — Tooth’s (£1). ... .... 2 13 9 2 14 9

OVERSEAS MINING — Austral N.Z Wrung (15s) — 0 15 0 Broken Hill South (5s) i 18 9 1 19 6 Electro. Zinc (prof., £1) 2 9 0 — Electro, Zinc (ord., £1} 2 8 0 — Mount Lycll (£1) 1 16 0 1 17 0 Mount Morgan (2s 6d) 0 12 0 0 12 North Broken Hill (5s) 2 11 9 2 14 0 Placer Development — 3 19 0 Rawang Tin (10s) ... 0 10 0 “ GOLD WINING— Argo Dredging (Is) 0 1 9 .Big River (Is) 0 1 2 0 1 6 Clutha River (2s) 0 3 0 0 3 9 Consolidated Goldliclds (ds) — 0 13 6 Gillespie s (Is) — 0 1 4 Goldfields Dredging (Is) 0 0 1 0 0 3 Kildare (2s) -- 0 1 0 Mossy Creek (Is) ... 0 0 10), — Nokomai (5s) 0 2 0 0 2 5 Okarito (5s) 0 2 9 0 3 6 Paddy’s Point (5s) ... — 0 1 6 Sandhills (Is) 0 0 1 ■ 0 0 2 VVaipapa Beach (Is) — 0 0 3 N.Z. GOVERNMENT LOANS3i p.c. Stock, March, 1939-43 — 101 10 0 3& p.c. Stcck, Sept., 1959-43 — 101 10 0 3i p.c. Stock, May, 1941-52 104 0 0 — 3Jr p.c. Stock, Nov., 1941-52 104 0 0 — 4 p.c. Bonds, 1943-46 — 103 2 6 4 p.c. Stock, 1943-46 — 103 2 6 4 p.c. Bonds, J.9bX-bb 105 0 0 — 4 p.c. Stock, 1952-55 105 0 0 — p.c. Bonds, 19bb-b7 98 5 0 — 3£ p.c. Stock, iybb-bY 98 5 0