Investment Market To-day

Evening Star, Issue 22890, 23 February 1938, Page 8

Investment Market To-day

BRIGHTER UNDERTONE RALLY IN TRANSTASMAN ISSUES WOOLWORTHS LTD. MARKED UP AGAIN (A 1 firmer undertone replaced yesterday’s easier trend in the investment market, and transtasman issues were marked up with some healthy advances recorded. The sales list was comparatively good with transactions well spread. Government loans had strong support, the 1952-55 issues improving 5s to unsupplied buyers £lO3 _ ss. Sellers quoted for four issues, but in only one instance did they attract a response. National Insurances hardened on yesterday’s business, and finished between 17s and 17s 3d. Commonwealth industrial leaders showed gains. Predominant among them was a further rise in Woqlworths Ltd., which, after reported business at £1 6s lid, had buyers Id away. Buyers of G. J. Coles climbed to the £4 mark, but vendors displayed no interest. B.H.P.’s closed brighter, the comparatively wide margin of 9d separating buyers (£3 Is 3d) from holders. Associated News (pref.) gamed bd to an inquiry at £1 5s, _ but Felt and Textiles revealed a slight easing. New Zealand issues were quiet. Dominion Fertilisers reached the sales hst with reported business at £1 3s 6d, while Taranaki Oils tended to decline, transactions in the room showing a Id drop. An improvement in the base-metal market was reflected in Australian mining stocks. Barrier companies revived from the weaker trend occasioned by North Broken Hill’s decreased dividend. Souths were marked up Is 3d, Norths Is, while Electrolytic Zincs shared in the advance, the ords. changing hands at £2 6s 6d. Mount Lyells sold at £1 10s 7d, a 6d rise. Clutha Rivers were quoted ex dividend to-day between 2s 3d and 3s 3d ’ SALES REPORTED, —Late Yesterday.— New; Zealand Guarantee Corporation, 4s 6d. —This Morning.— Northern Steam_, 4s. Dominion Fertiliser, £1 3s 6d. Woolworths (Sydney, ord.), £1 6s Hd. Mount Morgan, 9s 4d. SALES ON ’CHANGE. ■—This Morning.— Taranaki Oil, 6s Bd, 6s 7d. Electrolytic Zinc (ord.), £2 6s 6d, SALES AFTER CALL. —Late Yesterday.— Bank of New Zealand, £2 3s. Colonial Sugar, £46 5a., —This Morning.— Mount Lyell, £1 10s 7d., vwwvvwwwwvwi

DIVIDENDS DUE. Melbourne Steamship —■ Interim pref., at 6 per cent, per annum, ord. 7 per cent, per annum Eeb. 23 Clutha River Gold Dredging Co. Ltd. —Interim, lid per share Feb. 23 Bank of N.S.W.—lnterim, quarterly, at 6s per share Feb. 24 Kuala Kampar Tin—6d (sterling) per share ••• -Feb. 24 Silverton Trams—ls per share ... Feb. 25 Kuala Lumpur Tin N.L.—ls per share Feb. 25 Southland Frozen Meat—Final, ord. and pref., 8d per share Feb. Zo Myttona—half-yearly of 5 per cent, on ordinaries and 3£ per cent. on preference Feb. 28 Edments Ltd.—lnterim at 10 per cent, per annum 1 Feb. 28 Standard Portland Cement—Half year at 10 per cent, per annum Feb. 28 Winchcombe, Carsons half-yearly, 4 p.c Feb. 28 Paddy’s Point—s per cent, per annum ••• Mar. 1 Berlei Ltd.—lnterim half-yearly, ord., 5 per cent, per annum, pref., 4 per cent Mar. 1 Australian Guarantee Corp.—Halfyearly, at 10 per cent, per annum ••• Mar - 1 Elder, Smith yearly, at 7 per cent, per anquqj ••• Mar. x Big Eiver Gold—ld pe share ... Mar. 1 Carlton Brewery Final 7i per cent ••• v Mar - 1 Yellow Cabs of Australia—lnterim 4 per cent Mar ‘ 3 Georgs Farmer, Sydney—Halfyearly pref. at 8 per cent, per annum - ••• z M. K. Millinery—Final, 8 per cent. Mar. 3 Standard Insurance— Half-yearly, Is 3d per share ... .... ... ... Mar. 7 Queensland Brewery—lnterim, halfyearly ord., 7 per cent.; pref., 5i per cent, per annum ... Mar. 11 W. E. Carpenter 10 per cent, per annum ... ... Mar. is Electrolytic Zinc - Interim, halfyearly. 6 per cent., pref. and ApeY Invest. Trust Final halfyearly at 6 per cent, per anTonga™ Compound N.L.—ls per Tongah Compound No. 2 N.L. Is share and bonus of Is per share Mar. 25 Mackintosh, Caley. Phcenix Ltd.— Xi ner cent, per annum Mar. 01 2 CALLS DUE. Bricks and Mortar—-Is a share (making 4s paid) ... ... ... Feb. 28 Olvmnic Tyro and Rubber 00. ly ss* a share (making 15s paid) Feb. 28 Broken Hill Pty.-New 5s a share (making 6s 8d paid) Mar. 31 Castlemaine Perkins—ss a share making 7s 6d paid) March 31 Felt and Textiles—ss (making 10s ■ paid) Apr. 1 Burns, Philp—New, 5s a share (making 10s paid) ... Apr. 1 Aust. Paper Manufacturers (pref.) —ss (making 15s paid) May 31

DUNEDIN STOCK EXCHANGE THIS MORNING'S CALL LATEST QUOTATIONS

UNLISTED STOCKS— All stocks in this section are not quoted on the official list, and transactions are subject to a different rate of biokerage.

EXCHANGE RATE ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rate* 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:— U.S.A. CANADA. (Per £1 N.Z.) (Per £1 N.Z.)

Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVERNMENT LOANS— 3j px. Stock, Nov., 1958-52 102 10 0 3i p.o. Stock, March, 1939-43 102 5 0 3Jr p.c. Stock. Sent.. 1939-43 — 102 0 0 3i p.c. Stock, May, 1939-52 101 10 0 — 3i p.c. Stock, March, 1941-43 101 10 0 — 3£ p.c. Stock, Sept,, 1941-45 101 10 0 — 3A p.c. Stock, May, 1941-52 101 10 0 ■— 3i p.c. Stock, Nov.. 1941-52 101 10 0 ... 4 p.c. Bonds. 1943-46 102 10 0 — 4 p.c. Stock, 194346 102 10 0 4 p.c. Bonds, 1946-49 104 5 0 — 4 p.c. Stock, 1946-49 104 0 0 104 10 0 4 p.c. Bonds. 1952-55 103 5 0 — 4 p.o. Stock, 1952-55 103 5 0 — 3i p.o. Bonds, 1953-57 97 10 0 — BANKING— Australasia (£5) ... 10 3 0 — New South Wales (£20) 32 0 Ot — New Zealand (£1) 2 2 9 — New Zealand, Long D (£1) — 1 10 0 Commercial (10s) — 0 16 3 National of New Zealand (£2 10s) ... — 2 14 0 Union of Australia Ltd. (£5) — 8 3 6 INSURANCE— National (7s) ». ... 0 17 0 0 17 3 Standard (£1) 2 19 6t — SHIPPINGHuddart, Parker (ord., £1) ... ... 2 3 0 — Huddart, Parker (pref., £1) 1 7 3 -*■ P. and O. Deferred Stock (£1) ... ... 1 5 0 1 8 0 U.S.S. Co. (pref.. £1). 1 6 9 MEAT PRESERVING— N.Z. Refrigerating (paid, £1) 0 18 0 — N.Z. Refrigerating (oont., 10s) ... ... •— 0 8 b Waitaki Farmers’ Freezing (£5) 4 17 0 LOAN AND AGENCY— Goldsbrough, Mort ' (£1) — X 11 3 National Mortgage (£2) — 2 8 0 National Mortgage (“B” Issue, £11 1 11 0 — N.Z. Loan and Hereintile (ord., £100) ... — 49 0 0 N.Z. Guarantee Corp. (3s) P 4 5 0 4 7 Otago Farmers’ Co-op (3s 4d) 0 9 — Wright, Stephenson, (pref., £1), 1 0 9 COAL— Kaitangata (16s) — 1 10 0 Westport (10s) ... , ... 1 3 3 — Westport-Stockton (ord., 10s) 0 3 0 0 3 2 W estport-Stockton (pref., 10s) ... i,. 0 5 9 0 6 9 WOOLLEN COMPANIES— Bruce (ord., £1) ... 0 7 0 — Mosgiel (£4) 9 10 0 MISCELLANEOUS— 1 Anthony Hordern (£1) — 0 18 9 Associated News (pref., £1) 1 5 0 — Australian Foundation Trust ... ... ... 0 5 6 0 5 11 Australian Glass (£1) 4 15 0 — British Tobacco (£1) — 2 10 0 ' Broken Hill Pty. (£1) - 3 I 3 3 2 0 Broken Hill Pty. (cont.) 1 12 0 — Brown, Ewing (ord.. £1) r— 1 0 6 Brown, Ewing (pref., £1) — 1 3 0 Consolidated Brick (£1) 0 7 0 — Colonial Sugar Co. (£20) 46 0 0 46 10 0 D.I.C. (ord.. 10s) ... — 0 15 3 D.I.C. (pref., £1) ... 1 3 9 Dominion Fertiliser (£1) 1 3 3 1 4 0 Dominion Fertiliser Debs 102 0 0 •— Donagby’s Rope and Twine (£1) — 2 7 0 Dunedin Stock Exchange Pty. (£1) ... 2 2 0 — Felt and Textiles (£1) — 1 IB 9 G. J. Coles (£1) ... 4 0 0 — Hume Pipe (£1) ... — 1 2 6 Milburn Lime and Cement (£1) — 2 0 0 M'Leod Bros. (£10) ... — 29 10 0 Mort’s Dock (£1) — 0 11 0 Moturoa Oil (ord., Ss) — 0 b 0 N.Z. Drug Co. (£2) —• 3 10 0 N.Z. Farmers’ Fertiliser (£X) ... ... — 0 19 0 Regent Theatre (£1) 0 19 0 — Smith and Smith (pref., £1) — 1 1 6 Taranaki Oil (£l 4s 7d) 0 6 6 0 6 9 Wilson’s (N.Z.) Cement (10a) — 0 18 6 Woolworths (pref., £1) 1 17 3 Woolworths (ord., 5s) 1 0 6 * Woolworths (Sydney, ord., 5s) .. 1 6 10 *“* BREWERIES— New Zealand (£1) ... 2 S 6 2 5 9 Dominion (£1) 1 IB 6 OVERSEAS LIST— Woolworths (South Africa) 0 15 3 OVERSEAS MINING Broken Hill South (5s) 1 13 6 1 14 0 Electro. Zinc (pref., £1) 2 8 Ot — Electro, Zinc (ord., £1) 2 6 3t 2 6 9 Mount Lyell (£1) ... 1 10 6 1 10 8 Mount Morgan (2s 6d) 0 9 3 — North Broken Hill (5s) 2 10 0 2 11 0 Placer Development 3 18 0 GOLD MINING— Big River (Is) 0 1 It 0 1 6 Olutha River (2s) ... 0 2 3* 0 3 3 Gillespie’s (Is) — 0 1 X Goldfields Dredging (Is) 0 0 2 — Grey River (8s 9d) ... 0 11 6 — Martha (5s) — U ID 4 Molyneux River (2s) 0 1 0 — Mossy Creek (Is) ... 0 1 0 Nokomai (5s) 0 1 11 0 Okarito (Ss) — 0 3 Paddy’s Point (5s) ... — 0 X DT Sandhills (Is) 0 0 1 0 0 Skippers (Is) 0 0 1 0

Mackintosh, Caley, Ot 0 10 Phoenix (£1) 0 7 0 A. and T. Burt 0 0 11 0 n (pref., £1) 0 11 Dunedin Ice Cream ... ~ 1 7 0 tcum div. *ex div.

London— £100 stg. N.Z. ... Buying. i Selling. 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 to £1 N.Z T.T. 4.0562 4.0215 O.D. 4.0662 4.02S5 Montreal— Dollars to £1 N.Z T.T. 4.0532 4.0207 O.D. 4.0652 4.0247 Austria— Schillings to £1 N.Z T.T. 20.99 O.D. 21.00 Belgium— Belgas to £1 N.Z T.T. 23.951 23.641 O.D. 24.026 23.652 Czechoslovakia— Korunas 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. 18.265 17.899 Finland— Marks to £1 N.Z. T.T. 184.95 179.15 O.D. 185.35 179.25 France— Francs to £1 . N.Z. T.T. 124.69 122.19 O.D. 122.25 Germany— Reichmarke to £1 N.Z T.T. 9.S96 C.D. — ■ 9.901 Greece— Drachmae to £1 N.Z T.T. 429.54 O.D. 429.84 Holland— Florins to £1 N.Z T.T. . 7.307 7.157 O.D. 7.347 7.161 Italy— Lire to £1 N.Z. ... ... T.T. 76.44 O.D. — 76.49 Java — Florins to £1 , N.Z T.T. 7.279 7.129 O.D. 7.319 7.133 Norway— Kroner to £1 N.Z T.T. 16.182 15.892 O.D. 16.242 15.898 Noumea— Francs to £1 N.Z T.T. 127.19 122.19 O.D. — 122.23 Papeete— Francs to £1 N.Z. ... .. T.T. 127.04 122.24 O.D. — 122.28 Sweden— Kroner to £1 N.Z. ... — T.T. lg.795 15.500 O.D. 15.865 IS1506 Switzerland Francs to £1 N.Z. .. T.T. 17.525 17.255 O.D. 17.630 17.260 Ch'efoo—< N.Z. pence to 1 dollar T.T. 18 1-8 O.D. — 18 7-64 Hongkong— N.Z. pence to 1 dollar T.T. 18 29-64 18 53-64 O.D. 18 27-64 18 53-64 India and CeylonN.Z. pence to 1 rupee T.T. 22 3-8 22 21-32 O.D. 22 11-32 22 21-32 J span— N.Z. pence to 1 yen ... T.T. 17 31-64 O.D. — 17 31-64 Manila — N.Z. pence to 1 peso T.T. 29 17-64 29 49-64 O.D. 29 11-64 29 49-64 Shanghai— N.Z. pence to 1 dollar ... . . T.T 18 9-64 O.D — 18 9-64 Singapore— N.Z. pence to 1 dollar T.T. 34 11-16 35 11-64 O.D. 34 19-32 35 11-64

SELLING— T.T. (dol) . .. 4.02 14 4.02 1-16 O.D. (dol) i. 4.02 11-16 4.02 7-16 BUYING—O.U. (do!) . .. 4.05 9-16 4.06 1-2'