UNCERTAIN UNDERTONE

Evening Star, Issue 22892, 25 February 1938, Page 6

UNCERTAIN UNDERTONE

AUSTRALIAN MINING ISSUES DECLINE ERRATIC PERIOD FOR WOOLWORTHS LTD. An easier trend in New York and London and a fall in the base metals market introduced an uncertain undertone in the investment market _ this morning. Australian mining issues dropped back sharply, losing all of yesterday’s advances. Business was poor, call-room' quota being restricted to one stock. Banks showed little variation on late rates. Now Zealands were marked up to unanswered holders £2 3s 6d, but the improvement was counterbalanced by a 3d loss in Commercials, final vendors quoting 16s 9d. Transtasman industrials closed uncertain. Broken Hill Proprietaries lost 6d to unsupplied buyers £3 2s, but the contribs. maintained recent values. Dunlop Rubbers were quietly steady between £1 2s lOd and £1 3s 3d. Woolworths (Sydney), after an erratic market yesterday; during which the stock sold up to £1 8s in Dunedin, and as high as £1 9s 6d in. Wellington, following the dividend and bonus announcement, slipped back this morning. The market closed between £1 6s 8d and £1 7s 2d, dealings after the call being recorded at £1 6s 9d. Taranaki Oils were the only 'Dominion issue to reach the sales list, business being reported at 6s 6d, a 2d drop on Wednesday’s best transaction. Final buyers offered 6s, but holders did not respond. The decline in Commonwealth mining covered practically every quoted share. Wide margins ruled, with, the result that no transactipns were recorded. Broken Hill Souths dropped ,1s 6d, Norths eased Is 3d, Lyells dropped Is, while Zincs lost 2s (pref.) aud 6d (ord.). SALES REPORTED. —Late Yesterday.Taranaki Oil, 6s 6d (2). Woolworths (Sydney, ord.), £1 Bs. Mount Lyell, £1 11s 9d. Mount Morgan, 10s 4d, 10s 3d. —This Morning.— ■ Taranaki Oil, 6s 6d. SALES AFTER CALL, ... —This Morning.— . Woolworths (Sydney, ord,), £1 6s 9d (2).

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.) (PerfilN.Z.) SELLING T.T. (dot) ... 4.02 3-16 4.02 3-16 O.D. (dol) ... 4.02 9-16 4.02 9-16 BUYING— O.D. (dol) ... 4.06 1-2 4.06 9-16

ww.vwAvwAVAr. DIVIDENDS DUE. Silverton Trams—Is per share ... Feb. 25 Kuala. Lumpur Tin N.L.—Is per share Feb. 25 Southland Frozen Meat—Final, ord. 25 and pref., 8d per share Feb. Myttons—Half-yearly of 5 per cent. on ordinaries and 5J per cent. on preference Feb. 28 Edments Ltd.—Interim at 10 per cent, per annum Feb. 25 Standard Portland Cement-Half year at 10 per cent, per annum Feb. 28 Winohcombe, Carsons — Interim Feb. 28 half-yearly, 4 p.c. Paddy's Point—5 per cent, per annum ••• Mar. ,1 Berlei' Ltd.—Interim half-yearly, ord.', 5 per cent, per annum, Mar. nref.. 4 per cent. ; 1 Australian Guarantee Corp.—Halfyearly, at 10 per cent, per annum Mar.1 Elder, Smith — Interim, halfyearly, at 7 per cent, per annum 1 Big River Gold—Id per share ... Mar. Mar. 1 1 Carlton Brewery — Final 7g per Mar. 1 Yellow Cabs of Australia—Interim Mar. 4 per cent 0 George Fanner, Sydney—Halfyearly pref. at 8 per cent, per annum Mar. 3 M K. Millinery—Final, 8 per cent. Mar. 0 Standard Insurance—Half-yearly, Mar. Is 3d per share ... ... 7 Queensland Brewery—Interim, hallyearly ord., 7 per cent.; prof., Mar. n per cent, per annum W, R. Carpenter — Interim, at 10 per cent, per annum Electrolytic Zinc — Interim, halfMar. 10 .yearly, 6 per cent., pref. and Mar. 17 Apex Invest. Trust — Final halfr yearly at 6 per cent, per annum Mar. 17 Tongah Compound N.L.—Is per Mar. 19 Tn>-,cab Compound No. 2 N.L.— Is share and bonus of Is per Mar. 2b Mackintosh, Caley, Phoenix Ltd — Mar. 31 3A per cent, per annum CALLS DUE. Bricks and Mortar —Is a sharo (making 4s paid) ... Feb. 25 Olympic Tyre and Rubber Co.— 5s a share (making 15s paid) Feb. 28 Broken Hill Pby.—New, 5s a share Mar. 31 (making 6s 8d paid) Castleinaino Perkins—5s a sharo making 7s 6d paid) ... Mar. 31 Felt and Textiles—5s (making Apr. 10s paid) 1 Burns, Philp—New, 5s a share Apr. (making 10s paid) 1 Anst. Paper Manufacturers (pref.) —5s (making 15s paid) ... ... May 31