Investment Market To-day

Evening Star, Issue 23038, 17 August 1938, Page 8

Investment Market To-day

STEADY TREND NARROW PRICE MOVEMENTS MOST SECTIONS UNCHANGED Narrow price movements resulted from a quiet call-over this morning, although the sales list was comparatively good. Cautious limits prevailed for transtasman issues, while other sections showed little change. Good support was accorded Government loans by buyers, but values remained practically unchanged, the ’43-46 issues being sought at par. Banks were quiet, although the maintenance of a firm undertone was evidenced by the fact that business in New Zeahmds was done at vendors’ valuation. Coal scrip remained practically unchanged, but oil shares were easy dn a lethargic market. Transtasman industrials were uncertain, although a brighter tendency was just barely discernible. Broken Hills closed with buyers monopolising the market. Coles made slight way, while Sydney Woolworths were priced at £1 Is. Cox Bros, had a reported transaction at 18s, cum new issue, unsupplied buyers fixing 17s as final limits. ' Australian mining shares generally held late rates, but Lyells slipped to another sale at £1 7s 9d, the market closing 3d on either side. Norths were sought at £2 4s, but vendors displayed no interest. SALES REPORTED. —Late Yesterday.— 4 per cent! Stock, 1946-49, £lOl 15s. —This Morning.— Bank of New Zealand, £2 3§ 3d. Westport-Stockton ford.), 4s 7d. Cox Bros., 18s. Mount Lyell, £1 7s 9d. SALES ON ’CHANGE. —Late Yesterday.— Austral New Zealand Mining, £1 Os 3d. —This Morning.— Woolworths (Sydney, ord.), £1 Is. SALE AFTER CALL. —Late Yesterday.— Westport Coal, £1 ss,

STOCK EXCHANGE INDICATOR Govt. Loans Good inquiry Banks Stable Insurance Quiet Shipping Firm Meat Preserving Dull Coal Firm Oil Easy Woollen Lifeless Aust. Industrials Uncertain N.Z. Industrials Unchanged Breweries Easy Aust. Mining Uncertain DIVIDENDS DUE.

PACIFIC STARR-BOWKETT SOCIETY

A meeting of shareholders of the Pacific Starr-Bowkett Society was held last night, Mr A. M'Hutchon, chairman of directors, presiding. The fortysixth appropriation of £I,OOO in group No. 7 was drawn by cluster 134, held by one Owaka shareholder and one Methven shareholder. The thirty-fourth appropriation of £I,OOO in group No. 8 by sale was disposed of at a satisfactory premium. DOLLAR AND FRANC Press Association—By Telegraph—Copyngh LONDON, August 16. (Received August 17, at 11 a.m.) The dollar is quoted at 4.87£. The franc is quoted at 178 a-,

DUNEDIN STOCK EXCHANGE THIS MORNING'S CALL LATEST QUOTATIONS

New Auckland Laundry—Interim, Aug. 17 3 per cent Mort’s Dock, Sydney—5 per cent. per annum and bonus, 1A per Aug. 17 cent Kandos Cement —Final half-yearly, 5 per cent, and bonus, 2£ per Aug. 18 cent Regent Theatre — Final, 24 per \ cent, making 5 per cent, per Aug. 18 annum Commercial Bank of Australia — Half-yearly, pref., at 4 per cent, per annum, ord. at 74 Aug. 18 per cent, per annum Queensland National Bank —Final, 2i per cent, half-year, making Aug. 18 44 per cent, per annum Kuala Lumpur Tin—Is a share Aug. 19 Okarito Dredging—4d a share, 6 Aug. 20 2-3 per cent.") Pitt, Son, and Badgery—Final half-yearly, 5 per cent., makAug. 24 ing 10 per cent, per annum ... Melbourne Steamship—Final pref., 3 per cent.; ord,, 3£ per cent., Aug. 24 making 7 per cent, per annum Bank of New South Wales —QuarAug. 25 terly, 6s a share Dennys, Lascelles —5 per cent. ... Aug. 26 Associated Newspapers Ltd. —Interim ord. and pref., 2 per Aug. 30 cent — Austin Distributees, Australia— Final, 74 per cent., making Aug. 31 15 per cent, per annum Loloma Gold Mine—Is Aug. 31 Silverton Tramway—Final, halfyearly, 10 per cent., making Aug. 31 §0 per cent, per annum Carlton Brewery—Half-yearly, 74 Aug. 31 per cent Meggitt Ltd.—Final half-year, ord. 1st and 2nd prefa., each 5 per cent., making 10 per cent, per Aug. 31 annum jElder Smith, Adelaide—tinal, 3£ per cent., making 7 per cent. per annum Sep. 1 Waifcahu Dredging—2d (5 1-3 per Sep. 9 cent.) Apex Investment, Masterton— Half-yearly at 5 per cent, per Sep. 15 annum ••• Broken Hill South—Quarterly, 6d Sep. 15 a share ••• Electrolytic Zinc —Half-yearly, 9 per cent., or 15 per cent, per Sep. 16 annum on both ord, and pref. CALLS DUE. Dunedin Brewery and Wilson Malt Extract Co.—Con., 5s a share, making 5s paid Sep. 1 N.Z. Paper Mills—Con., 5s a Sep. 30 share, making 15s paid Burns, Philp—New, 5s a share, Oct. 1 making 15s paid Woolworths Properties Ltd.—10s Oct. 31 a share, making £1 paid

Buyers. Sellers. £ s. d £ s. d. N.Z. GOVERNMENT LOANS— 34 p.c. Stock, Nov., 1938-52 — 101 10 0 34 p.c. Stock, March, '193943 — 100 10 0 34 p.c. Stock, March, 194143 101 0 0 — • 34 p.c. Stock, Sept., 194143 101 0 0 — 34 p.c. Stock, May, 0 1941-52 101 0 — 34 p.c. Stock, Nov., 1941-52 101 0 0 — 4 p.c. Bonds, 1943-46 100 0 0 — 4 d.c. Stock. 1943-46 100 0 0 — 4 p.c. Bonds, 1946-49 101 10 0 — 4 p.c. Stock, 194649 101 10 0 •— 4 p.c. Stock. 1952-55 101 10 0102 5 0 34 p.c. Stock, 1953-57 — 96 0 0 Rural Bonds — 102 10 0 BANKING— Australasia (£5) — 11 0 0 New South Wales (£20) — 31 15 0 New Zealand (£1) ... 2 2 9 2 3 3 New Zealand, Long “ D ” (£1) — 1 10 0 Commercial of Sydney (£12 10s) 20 7 6 — National of New Zealand (£2 10s) ... — 2 13 0 INSURANCE— National (7s) — 0 17 7 New Zealand (£1) ... 2 16 0 — Standard (£1) 2 16 0 2 17 0 SHIPPING— Huddart, Parker (ord., £1) 2 6 9 — P. and O. Deferred Stock (£1) — 1 7 6 U.S.S. Co. (pref., £1) 1 6 0 1 6 9 MEAT PRESERVING— Gear (10s) 0 13 9 — N.Z. Refrigerating (paid, £1) — 0 19 3 Southland Frozen (paid, £1) 1 10 0 — South Otago Freezing (£5) — 5 8 0 LOAN AND AGENCY— Goldsbrough, Mort (£1) — 1 9 0 N.Z. Loan and Mercantile (ord., £100) 35 0 0 N.Z. Guarantee Corporation (3s) 0 4 4 — Otago Farmers’ Co-op (3s 4d) 0 2 h — Otago Fanners’ Co-op. 1, (A pref., £1) Trustees, Executors, — 1 1 0 and Agency (£3) ... 4 5 0 — Wright, Stephenson (pref., £1) 1 0 0 1 0 6

COAL— Westport (10s) — 1 5 3 Westport-Stockton (ord., 10s) — 0 5 0 W estport-Stockton (pref., 10s) 0 7 6 0 8 ,3 OIL— Moturoa (ord., 5s) ... — 0 5 '6 Moturoa (pref., 5s) ... — 0 5 6 Taranaki (£1 4s 7d) 0 12 2 — WOOLLEN COMPANIES— Bruce (ord., £1 — 0 8 0 Bruce (pref., £1) —■ 1 0 0 Oamaru (£1) — 0 17 0 MISCELLANEOUS— Anthony Hordern (£1) — 0 17 6 Associated News (£1) 1 2 0 — Australian Foundation Trust 0 5 0 0 5 5 Australian Glass (£1) — 4 15 0 British Tobacco (£1) 2 9 0 Broken Hill Proprietary (£1) 2 19 0 Broken Hill Proprietary (cont., 10s) 2 0 0 2 1 0 Brown, Ewing (ord., £1) — 1 0 3 Colonial Sugar Co. (£20) 48 0 0 49 0 0 Cox Bros. (5s) 0 17 0 — D.I.C. (ord., 10s) ... — 0 15 6 D.I.G. (pref., £1) ... 1 3 0 1 3 9 Dominion Fertiliser Debs 101 0 0 Donaghy’s Rope and Twine (£1) ... ... — 2 4 0 Dunlop Perdriau Rubber (£1) — 1 2 6 Felt and Textiles (£1) — 1 14 6 G. J. Coles (£1) 3 18 6 3 19 0 Hay’s Ltd 0 16 9 Hume Pipe (£1) 0 19 0 — Imperial Chemical Industries (pref., £1) — 1 2 0 Milburn Lime and Cement (£1) 1 15 6 1 17 0 M'Leod Bros. (£10) — 28 15 0 Mort’s Dock (£1) ... — 0 14 0 National Electric (£1) 0 13 6 — N.Z. Paper Mills (£1) 1 2 6 —• ‘ Otago Daily Times ’ (£1) — 2 6 0 Wilsons (N.Z.) Cement (10s) — 0 18 0 Woolworths (ord., 5s) — 1 0 3 Woolworths (Sydney, ord., 5s) 1 0 11 1 1 0 BREWERIES— New Zealand (£1) ... 2 2 9 Tooth’s (£1) — 2 15 9 OVERSEAS LIST— Woolworths (South Africa) 0 15 3 0 15 9 OVERSEAS MINING— Broken Hill South . (5s) 1 10 0 — Electrolytic Zinc (pref., £1) — 2 7 3 Electrolytic Zinc (ord.. £1) 2 2 0 2 3 0 Mount Lyell (£1) ... 1 7 6 1 8 0 Mount Morgan (2s 6d) 0 10 5 0 10 8 North Broken Hill (5s) 2 4 0 — Placer Development — 3 17 6 GOLD MINING— Austral N.Z. Mining (£1) — 1 1 0 Big River (Is) 0 1 1 — Blackball Creek 0 1 1 — Clutha River (2s) ... 0 2 0 0 2 7 Gillespie’s (Is) 0 0 11 — Martha (5s) — 0 12 0 Molyneux River (2s) — 0 X 6 Mossy Creek (Is) ... 0 0 11 — Nokomai (5s) 0 1 4 — Okarito (5s) 0 2 0 — Sandhills (Is) 0 0 1 0 0 2 Waihi Investments (5s) — 0 10 6 Waipapa Beach (Is) — 0 0 1 Waitahu (5s) 0 0 9 0 1 6 Worksop (Is) 0 0 10 0 1 3 UNLISTED STOCKS— All stocks in this section arc not quoted on the official list, and transactions are subject to a different rate of- brokerage Mackintosh Caley Phoenix (£1) 0 5 9 0 8 0 National Tobacco (ord., £1) — 2 2 0 Selfridges (£1) ... : .. 0 16 0 — Woolwcrths Properties (10s) ... ... 0 14 0 0 14 1 Danger’s Mobile Gas — 1 3 0