THE SHARE MARKET

Evening Star, Issue 22816, 26 November 1937, Page 8

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE %■ ■ AUSTRALIAN MINING RECEDES INDUSTRIALS REMAIN FIRM The recovery apparent yesterday in Australian mining was not destined to be lasting, all shares being marked down this morning, and an average decline of 9d per share being recorded. These declines wore less noticeable in industrials, Broken Hill Proprietary, fully paid, shewing a seller’s advance of 6d with no buyer, and rights remaining unchanged. G. J. Coles, however, dropped Is, and a sale was reported as low as £4 Is 9d. Banking quotations remained unchanged, and one sale ol New Zealands was affected after call at £2 4s Bd. In the meat preserving, Southland Frozen fully paid advanced 3d on seller’s price to £1 8s 3d, with buyers standing Is away. Waitaki Freezings showed an advance both cm buyer’s and seller’s price. Loan and Agency were steady at recent rates, and Guarantee Corporation increased by 2d. In the miscellaneous section Australian industrials were slightly firmer with tho exception of G. J. Coles, which eased. British Tobaccos showed an increase of Is. New Zealand industrials remained steady. New Zealand Breweries suffered a further setback, quotations closing at £2 4s 9d and £2 ss. Other brewery quotations were the same. New Zealand mining and Government loans were quiet, and no business was recorded. SALES REPORTED. —Late Yesterday.— Otago Farmers (ord.), 3s 6d. Mount Morgan, ils sd. —This Morning.— G. J. Coles, £4 Is 9d. SALES ON ’CHANGE. —Late Yesterday.— Broken Hill Proprietary (rights), £3. —This Morning.— Mount Lyell, £1 Hs, £1 10s 9d (3). SALES AFTER CALL. Bank of New Zealand, £2 4s Bd. Quotations as under:— Buyers. Sellers.

£ 1 s. d. £ S. d. BANKING— Australasia (£5) ... — 11 10 0 New South Wales 0 (£20) 32 0 ’ — 0 New Zealand (£1) ... 2 4 7 2 5 Commercial (10s) — 0 17 3 National of New Zealand (£2 10s) — 2 18 6 Union of Australia 9 Ltd. (£5) — 9 0 INSURANCE— National' (7s) — 0 17 9 South British (£1) ... 4 14 0 — SHIPPING— Huddart, Parker (pref., £1) 1 7 3 — U.S.S. Cc. (pref., £1) 1 6 6 — MEAT PRESERVING— N.Z. Refrigerating (cont., 10s) — 0 s 8 Southland Frozen (paid, £1) 1 7 3 1 8 3 South Otago Freezing (£5) 5 12 6 — Waitaki Farmers’ Freezing (£5) 4 15 0 5 3 0 LOAN AND AGENCY— Goldsbrough, Mort (£1) — 1 12 0 N.Z. Guarantee Corporation (3s) — 0 5 0 Otago Farmers’ Co-op. (3s 4d) , , 0 5 3 0 4 3 Otago Farmers’ Coop, (A pret., £1) 1 0 0 — Trustees Executors and Agency (£2) ... 3 15 0 — Wright, Stephenson (ord., £1) Wright, Stephenson 1 2 0 — (pref., ill) 1 0 6 — COAL— Kaitangata (16s) ... 1 4 6 — Westport-Stockton (ord., 10s) — 0 2 9 Westport-S ocktou (pref., 10s) 0 5 0 WOOLLEN COMPANIES— Kaiapni (cont., 7s) ... — 0 5 0 Kaiapoi (pref., 17s) — 0 17 3 Wellington (pref., £5) — 6 0 0 MISCELLANEOUS— Anthony Hordern (£1) — 0 18 9 British Tobacco (£1) — 2 10 0 Broken Hill Proprietary (£1) — ‘3 0 6 Broken Hill Proprietary (lights) —- 1 8 0 Brown, Ewing (pref.. £1) *— 1 2 0 Brown, Ewing (pref., £1) ... — 1 2 0 Dominion Fertiliser Debs 103 0 0 — Dominion Rubber (£1) — 1 10 0 Dunedin Stock Exchange Proprietary (£1) 2 2 0 — Dunlop Perdriau Rubber (£1) — 1 2 6 G. J. Coles (£1) ... — 4 3 0 Hume Pipe (£1) — 1 0 0 Milburn Lime and Cement (£1) — 2 11 0 M‘Leod Bros. (£10) 26 10 0 — Mort’s Dock (£1) — 0 11 0 N.Z. Drug Co. (£2) — 3 14 6 N.Z. Newspapers (16s 8d) ... 1 17 0 — N.Z. Paper Mills (£1) ... 1 5 9 ‘Otago Daily Times ’ (£1) 2 5 9 — Regent Theatre (£1) 0 19 6 — Shillings Ltd. (£1) — 0 19 0 Smith and Smith (pref., £1) —r 1 2 0 Taranaki Oil (£1 4s 7d) — 0 6 6 Wilson’s (N.Z.) Cement (10s) — 0 18 6 Woolworths (pref., £1) — 1 18 6 Woolworths (ord.. £1) — 5 5 0 Woolworths (Sydney, £1) — 1 4 6 BREWERIES— New Zealand (£1) 2 4 9 2 5 0 Dominion (£1) ... — 2 0 6 Dunedin (£1) — 1 11 0 Tooth’s (£1) — 2 14 6 UNLISTED STOCKS— Self ridges (£1) — 1 6 0 A. and T. Burts (pref., £1) 0 12 6 0 17 6 OVERSEAS LIST— Woolworths (South Africa) 0 13 10 OVERSEAS MINING— Austral N.Z. Mining 0 (15s) .... — 0 15 Broken Hill South 6 (5s) 1 14 0 1 15 Electro. Zinc (pref., 9 0 £1) 2 7 0 2 Electro. Zinc., (ord.. 6 £1) — 2 5 Mount Lycll (£1) 1 10 8 1 11 0 Mount Morgan (2s 6d) 0 11 4 0 11 6 North Broken Hill (5s) 2 8 0 2 9 6 Placer Development — 5 15 0 Rawang Tin (10s) ... — 0 10 6 GOLD MINING— Argo Dredging (Is) 0 1 9 — Big River (Is) Clutha River (2s) ... 0 1 2 0 3 9 Consolidated Goldfields (4s) ... - — 0 13 6

Gillespie’s (Is) — 0 1 4 Kildare (2s) — 0 10 Lawson's Hat (Is) — 0 0 4 Mossy Creek (Is) 0 0 11 — Nokomai (5s) ... ... — 0 2 5 Okarito (5s) — 0 3 6 Sandhills (Is) ... — 0 0 2 Waihi Investments (5s) 0 10 6 Waipapa Beach (Is) 0 0 2i Wait aim (5s) — 0 10 N.Z. GOVERNMENT LOANS— 3i p.c. Stock, Nov., 1938-52 — 102 10 0 3i p.c. Stock, Mar., 1939-43 — 101 10 0 3i p.c Stock, Mar., 19U-43 101 0 0 — 34 p.c. Stock, May, 19U-52 101 10 0 — 34 p.c. Stock, Sept., 1941-43 101 0 0 — 34 p.c. Stock, Nov., 1941-52 101 10 0 — 4 p.c. Bonds, 1946-49 102 17 6 — 4 p.c. Stock, 1946-49 102 17 6 — 4 p.c. Bonds, 1952-55 105 0 0 — 4 p.c. Stock. 1952-55 105 0 0 — 34 p.c.. Stock, 1953-57 — 99 10 0 DIVIDENDS DUE. Dunedin Slock Exchange — inNov. 30 torira, 24 per cent. .. Farmers’ Trading Co. - halfyearly, A and B pref., 5 3-5 per cent, per annum; and C prof., 5 per cent, per annum Nov. 30 N.Z. Malay Rubber—5 per cent.. Nov. 30 making 8 per cent, per an. Claude Neon—final, 4 per cent. Dec. 1 Henry Jones Co-op.-Is 6d per snare Dec. 1 Swan Brewery—ordinary, 6d per Dec. 1 share Dunedin Brewery and Wilson Malt Extract Company—interim at 7 per cent. per annum Dec. 1 Wilson’s Cement — interim, 44d Dec. 8 per share North Broken Hill —quarterly. Is Dec, 8 3d per share Kuala Lumpus Tin—bonus , Is per Dec. 9 share Golden Sands —Id per share Dec. 10 Bulolo—1.50dol (Canadian), less Dec. 10 tax Placer Development — 60 cents Dec. 10 (Canadian), less tax - half-’ Bank ol .New Zealand ycarlv. Is per share ord., li per cent, D long-term mortDec. 11 gate issue Broken Hill South—Is 3d per Dec. 17 share Mt. Lycll — final, 2s per share, making 5s 6d per share per annum Dec. 20 Tongkah Compound Tin--Is per Dec. 23 share and bonus Is per share Morris, Hedstrom (Fiji)— interim. Dec. 31 3 per cent - 6 per Victoria Nyanza Sugar cent. Jan. 26 CALLS DUE. Fanners’ Trading Co. — March 24. 3t and April 7 and 14, 1 Nov. 27 allotments, 2s a share Broken Hill Pty.—new. 5s share Nov. 30_ FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchases and sales of foreign exchanges (all rates sub ject to alteration without notice) — Buying. Selling. London — 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/ Fiji— £F to £100 N.Z T.T. £90 7/6 £89 New York Dollars tc £1 4.0041 N.Z T.T. 4.0387 O.D. 4.0487 4.0081 Montreal — Dollars tc £1 4.0025 N.Z T.T. 4.0350 O.D. 4.0470 4.0065 Austria— Schillings to £1 20.90 N.Z T.T. — O.D. — 20.91 Belgium— Belgas to £1 23.490 N.Z T.T. 23.800 O.D. 23.875 23.501 Czechoslovakia— Crowns to £1 N.Z T.T. — 113.46 O.D. — 113.51 Denmark— Kroner to £1 N.Z T.T. 18.203 17.893 O.D. 18.263 17.899 France— Francs to £1 117.21 N.Z T.T. — O.D. — 117.25 Germany— Reichmarks to £1 N.Z T.T. — 9.874 O.D. — 9.879 Holland— Florins to £1 7.172 N.Z, T.T. 7.322 O.D. 7.362 7.176 Italy— Lire to £1 76.12 N.Z T.T. — O.D. — 76.17 Java— Fiorins tc £i 7.149 N.Z T.T. 7.299 O.D. 7.399 7.153 Norway— 15.893 N.Z T.T. 16.183 O.D. 16.243 15.899 Sweden — 15.491 N.Z T.T. 15.786 O.D. 15.846 15.497 Switzerland — 17.262 N.Z T.T. 17.532 O.D. 17.637 17.267 Noumea— 115.96 N.Z T.T. — O.D. — 116.00 Papeete— Francs to £1 116.01 N.Z. T.T. — O.O. — 116.05 Hongkong— N.Z. pence to 1 18 13-32 18 25-32 O.D. 18 3-8 18 25-32 India and Ceylon— N.Z. pence to 1 22 3-8 22 21-32 . O.D. 22 11-32 22 21-32 Japan— N.Z. pence to 1 17 33-64 yen . T.T. O.D. — — 17 £3-64 Shanghai— N.Z. pence to 1 . 17 63-64 O.D. — 17 63-64 Singapore— N.Z. pence to 1 34 23-32 35 13-64 O.D. 34| 35 13-64 Chefoo— N.Z pence to 1 18 1-8 dollar T.T. — O.D. — 18 7-64 Manila — N.Z. pence to 1 peso T.T. 29 39-64 30 7-64 O.D. 29 33-64 30 7-64

'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: — U.S.A. CANADA. (Per £1 N.Z.) (Per £1 N.Z.) SELLING— T.T. (dol) O.D. (dol) , ... 4.00* 4.00* ... 4,00 15-16 4.00 11-16 BUYINGO.D. (dol) ... 4,04 15-16 4.04 11-16