Investment Market To-day

Evening Star, Issue 23048, 29 August 1938, Page 6

Investment Market To-day

BARE SALES LIST UNCERTAIN TREND EVIDENT GOOD SUPPORT FOR MOST ISSUES An uncertain trend marked operations at the first call-over of- the week this morning, and although support was maintained for most issues easier limits ruled. The first time for many weeks there was a bare sales list. Banks received scant attention, only four quotations being recorded. New Zealands continued on offer at £2 3s. but buyers remained off. Coal and oil shares were almost neglected, while interest in woollen scrip fell away. Commonwealth industrials were uncertain, but support was well maintained. Broken Hills were quoted on a buyers’ market, Sydney Wool worths lost fractional ground, but British Tobaccos were firm. New Zealand issues showed little change, rights _to the new issue being made by Dominion Breweries remaining steady between 4s-ss. An uncertain undertone marked operations in Australian mining scrip, more cautious limits prevailing. _ Barriers finished easier, but other issues generally held late rates.

STOCK EXCHANGE INDICATOR Govt. Loans Good inquiry Banks Dull Insurance Lifeless Shipping .. Quiet Meat Preserving Little change Coal Neglected Oil Little interest Woollen Lethargic Aust. Industrials Uncertain N.Z. Industrials Unchanged Breweries Easy 'Aust. Mining Uncertain ■t‘ ift l|l l|l l|l l|l l|l l|l l|l l|t t|l t|| t iff DIVIDENDS DUE. Associated Newspapers Ltd.—lnterim ord. and prof,, t per cent ... Ang. it) Austin Distributers, AustraliaFinal, 7J per cent., making 15 per cent, per annum ... Aug. 31 Loloma Gold Mine—ls Aug. 31 Silverton Tramway—Final, halfyearly, 10 per cent., making 20 per cent, per annum Aug. 31 Carlton Brewery—Half-yearly, 7} per cent. ... Aug- 31 Meggitt Ltd.—Final half-year, ord. Ist and 2nd prefa., each 6 per cent., making 10 per cent, per annum Aug. 31 Elder Smith, Adelaide—Final, 3J per cent., making 7 per cent. per annum Sap. 1 Waitabu Dredging—2d (3 1-3 per cent.) Sep. 8 Apex Investment, Mas ter ton — Half-yearly at 5 per cent, per annum Sep. 15 Broken Hill South—Quarterly, 6d a share Sep. 15 Electrolytic Zinc—Half-yearly, 9 per cent., or 15 per cent, per annum on both ord. and pref Sep. 16 CALLS DUE. Dunedin Brewery and Wilson Malt Extract Co.—Con., 5s a share, making 5s paid Sep. 1 N.Z. Paper Mills—Con., 5b a share, making 15s paid Sep. 30 Burns, Pbilp—New ; 5s a share, making 15s paid Oct. 1 Woolworths Properties Ltd. —10s a share, making £1 paid ... Oct. 31

THE MEAT MARKET (Per United Press Association.! WELLINGTON, August 27. The New Zealand Meat Producers’ Board advises that the following are the ruling prices of wholesae quantities of the descriptions of frozen meat mentioned, and are for representative parcels of the goods sold on Thursday, August 25. Chilled beef prices are averages of the week on which this list is issued. All prices are on the basis of delivered to Smithfield Market: — New Zealand Sheep.—Cross-bred wethers and/or maiden ewes: Under 481 b, sid; 49-561 b, 4£d; 57-641 b, 4fd; 65-721 b, 4J-d. Ewes: Under 481 b, 3|d; 49-561 b, 3id; 57-641 b, 3d; 65-721 U, 2Jd. New Zealand Lambs.—Canterbury: Under 361 b, 7£d; 37-421 b, 7|-d; 43-501 b, 7fd. Second quality: Average about 311 b, 7d. Other South Island: Under 361 b, 7£d; 37-421 b, 7id; 43-501 b, 7fd. North Island Downs: Under 361 b, 8d; 37-421 b, 7|d; 43-501 b, 7*d. Second quality; Average about 301 b, 7Jd. North Island: First quality—Under 361 b, Average about 311 b, 7d. Argentine Lambs.—First quality: Under 361 b, 7d; 37-42!b, 6Jd. New Zealand Porker Pigs.—First qualitv: 61-801 b, 63d; Sl-lOOlb, 6|d; 101-1201 b, 6}d. New Zealand Baconor Pigs.—l2l- - 6id. Boneless Bobby Veal: Old season’s, ex store, in parcels, 4d. New Zealand Chilled Beef. Ox hinds, 145-2101 b, 5 ]d; ox fores, 1452101 b, 3Jd. Australian Chilled Beef.—Ox hinds, 145-210ib, sgd; ox crops, weights corresponding, 3|cl. Union of South Africa Chilled Beef. —Ox hinds, 145-2101 b, 5-Jd; ox fores, 145-2101 b, Sid. Southern Rhodesian Chilled Beef.— Ox hinds, 145-2101 b, 5Jd; ox fores, 1452101 b, 3£-d. Argentine Chilled Beef. —Ox hinds, 145-2101 b, 6Jd; ox fores, 145-2101 b, 3|d. Uruguayan Chilled Beef.—Ox hinds, 145-2101 b, 53d; ox fores, 145-2101 b. 3Jd. Brazilian Chilled' Beef.—Ox hinds, 145-2101 b. 5-Jd. Lamb Market. Very firm, with prices again advanced. Consumption continues good. Mutton Market. —Wethers and ewes: Trade slow, and, with the exception of liMit-weights, prices tending easier. °Beef Market. —Chilled beef: With lighter supplies prices have improved substantially. New Zealand Porker Pigs.—Lightweights firmer, but trade slow owing to warm weather. New Zealand Baconer Pigs.—Easier, owing to poor demand.

DUNEDIN STOCK EXCHANGE THIS MORNING'S CALL LATEST QUOTATIONS

All stocks in this section are not quoted on the official list, and transactions are subject to a different rate of brokerage:—

Buyers. Sellers. £ . d. £ 8» d. N.Z. GOVERNMENT LOANS3J p.c Stock, Nov., 1938-52 — 101 5 0 3J p.c. Stock, May, 1941-52 101 0 0 — 3J p.c. Slock, Nov., 1941-52 101 0 0 •— 4 p.c. Bonds, 1943-46 100 0 0 — 4 p.c. Bonds. 1946-49 101 12 6 — 4 p.c. Stock, 1946-49 — 101 15 0 4 p.c. Stock, 1952-55 — 101 15 0 3J p.c. Stock, 1953-57 — 95 0 0 BANKING— New South Wales (£20) —• 31 10 0 New Zealand (£1) ... —- 2 3 0 E.S. and A. (£3) ... 5 0 0 — Union of Australia Ltd. (£5) 6 8 0 — INSURANCE— National (7s) ... .., — 0 17 6 New Zealand (£1) — 2 17 0 SHIPPING — P. and 0. Deferred Stock (£1) ... ... 1 3 6 — U.S.S. Co. (pref., £1) 1 6 0 — MEAT PRESERVING— Gear (10s) 0 13 9 — N.Z. Refrigerating (paid, £1) 0 18 6 N.Z. Refrigerating (cont., 10s) 0 8 0 0 8 3 South Otago freezing (£5) ... 5 7 6 LOAN AND AGENCYDalgety (£5) — 8 5 0 N.Z. Guarantee Corp. 0 6 (3s) 0 4 4 4 Trustees, Executors, and Agency (£3) ... 4 5 0 — COALVVestport (10s) ... >.. — 1 5 3 OIL— Taranaki (£1 4s 7d) •— 0 13 10 WOOLLEN COMPANIES— Bruce (ord., £1) Bruce (pref., £1) ... — 0 7 3 ■ 1 0 0 MISCELLANEOUS— Associated News (£1) X 2 0 —- Australian foundation 0 6 Trust ... ... ... 0 5 2 5 Australian Glass (£1) — 9 4 14 6 British Tobacco (£l) 2 8 — Broken Hill Prop. 0 (£1) 2 18 — Brown, Ewing (ord., £1) — 1 0 0 D.I.C. (pref.) ... ... — 1 3 9 Dominion fertiliser 6 (£1) - 1 5 Dominion Fertiliser Debs 101 0 0 — Donaghy’s Rope and Twine (£1) ... ... — 2 4 0 Dunlop Perdriau Rubber (£1) I.C.I. (pref. £1) i 1 4 ;1 2 6 M’Leod Bros. (£10) 26 0 0 28 15 0 National Electric (£1) 0 13 6 N.Z. Farmers’ Fertiliser (£1) — U 19 0 N.Z. Paper Mills 2 (£1) 1 3 — N.Z. Paper Mills (cont;) ... 0 11 6 — Wilsons (N.Z.) 9 Cement (10s) — U A7 Woolworths (ord., 5s) — i u 3 Woolworths (Sydney, ord., 5s) 1 1 3 i 1 6 BREWERIES— New Zealand (£1) ... 2 1 6 2 2 6 Dominion (rights) ... 0 4 0 0 5 0 Carlton (£1) — 3 6 6 OVERSEAS LIST— Woolworths (South Africa) ... 0 15 3 U 10 7 OVERSEAS MINING— Broken Hill South (5s) 1 10 0 — Electrolytic Zinc (pref., £1) 2 5 6 z 6 6 Electrolytic Zinc (ord., £1) 2 2 0 2 2 6 Emperor Mines, Fiji (10s) Mount Lyell (£1) X 8 0 0 13 1 8 0 4 Mount Morgan (2s 6d) ... 0 iU J.U 9 Mount Morgan (pref.) — 1 X North Broken Hill (5s) Placer Development 2 5 0 2 5 9 3 14 0 **“* GOLD MINING— Austral (N.Z.) Mining (£1) ... Big River (Is) 0 1 2 1 X 3 Clutha River (2s) 0 2 2 0 2 7 Gillespie’s (Is) 0 1 0 — Goldfields Dredging (Is) Martha (5s) ... ... 0 0 2 0 0 0 12 4 0 Mossy Creek (Is) ... Ndkomai (5s) 0 0 11 —• 0 1 6 0 — Sandhills (Is) — 0 2 Waitahu (5s) 0 0 9 0 1 6 UNLISTED STOCKS—

Mackintosh Caley Phoenix (£1) 0 5 9 — National Tobacco (ord., £1) ... ~ 2 2 0 Selfridges (N.Z., n r R cont., 16s) U 0 D Selfridges (Aust., £1) “ 0 16 6 Wool worths Properties (10s) 0 14 0 0 14 1