Investment Market To-day

Evening Star, Issue 23124, 25 November 1938, Page 6

Investment Market To-day

AUSTRALIAN LEADERS HESITANT SELLERS IN MAJORITY TREND OTHERWISE LIFELESS While New Zealand issues remained sluggish under the influence of a “ wait-and-see ” policy, Australian industrials continued to drift on the investment market this morning, a reflection of luck of buying support. Most movements were of minor extent only, but two or three significant changes wore recorded. Business was again lifeless. ' Indicative of the dilatory tone was the reception given banking and insurance scrip. Only one buyer quoted in each section, while cautious vendors refused to alter limits. Offerings were again numerically poor. Huddart, Parker profs, continued to command attention, and although fairly good attention was accorded moat preserving and loan and agency issues values were comparatively steady. Regarded as an “ indicator stock,” Broken Hill Proprietaries lost appreciable way. Vendors at the weaker level of £2 17s could only attract a response at £2 16s 3d, at which the market closed. Coles were hesitant, while Sydney Woolworths remained in the doldrums. New Zealand issues showed practically no change, while the section as a whole was dominated by holders, who were in a 3-to-l majority'. Australian mining shared in the general lethargy. Morgans hovered round the 9s mark, Norths were easier, but other Barriers and Lyells, due in largo part to the absence of buyers, closed unchanged SALES REPORTED. —Late Yesterday.— National Bank of New Zealand, £2 Bs. Standard Insurance, £2 12s. Colonial Sugar, £47 17s 6d. New Zealand Farmers’ Co-op. Stock. 1950, £9O. —This Morning.— Colonial Sugar, £47 17s 6d. Now Zealand Guarantee Corporation. 4s (2). New Zealand Farmers’ Co-op. Stock, 1950, £9O. Placer Development, £3 13s Cd. SALE AFTER CALL, —Late Yesterday.Sandhills, 2d. ■p 4* 4* 4* 4* 4* 4* 4» 4* 4* 4* 4* 4* 4* 4* 4* 4* 4* STOCK EXCHANGE INDICATOR Government Loans Quiet Banks Dull Insurance Lifeless Shipping Firm Meat Preserving Fair attention Coal Steady Oil Easy Woollen Dull Aust. Industrials Easier N.Z. Industrials Lethargic Breweries Lifeless Aust. Mining Hesitant DIVIDEND AND CALL LIST. DIVIDENDS DUE. Perpetual Trustees—lnterim, Is a share Nov. 25 North Kalgurli (1912) 9d sterling, less U.K.. income tax of 3s m£l ... Nov. 25 Bank of New South Wales—Final quarterly, 6d a share Nov. 25 Younghusband Ltd., Wool Brokers —lnterim, 3 per cent Nov. 25 Wilsons Cement—lnterim, 4£d ... Nov. 25 Jason Investment Trust, 3 per cent ~- Nov. 28 National Bank of Australasia—lnterim at 6 per cent, per annum Nov. 30 Swan Brewery—Ordinary and preference, 6d a share Nov. 30 Anthony Hordern—Preference, at 7i per cent., and ordinary, at 5 per cent, per annum Nov. 30 Taringamutu - Totara TimberFinal 4A per cent., making 7 per cent, per annum Dec. 1 Henry Jones Co.-op. Ltd., Melbourne —Is 6d a share Dec. 1 Dunedin Brewery—lnterim, 3 per cent. Dec. 1 Victoria Nyanza Sugar cent, per annum Deo. 7 North Broken Hill Quarterly, 6d a share Deo. 8 Bank of N.Z. share, ord., 3| per cent, on D long term mortgage shares ... Dec. 10 Woolworths (N.Z.) Ltd. Final, ord., at 11 per cent, per annum Dec. 13 Broken Hill South—6d a share ... Dec. 15 Mount Lyell—F ; nal, Is a share ... Deo. 19 Morris, Hedstrom, Fiji—lnterim. 5 per cent Dec. 31

FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates to-day for purchase and sales of foreign exchanges (all rates subject to alteration without notice): — Buying. Selling.

DUNEDIN STOCK EXCHANGE

THIS MORNING’S CALL LATEST QUOTATIONS

London— £100 stg. N.Z. T.T. O.D. £124 10/ £124 1/3 £125 £124 19/6 Australia — £A to £100 N.Z. T.T. £100 10/ £100 Fiji— £F to £100 N.Z. T.T. £90 £88 12/6 New York— Dollars to £1 N.Z T.T. O.D. 3.7499 3.7549 3.7055 3.7065 Montreal — Dollars to £1 N.Z T.T. O.D. 3.7758 3.7845 3.7240 3.7250 Belgium— Bellas to £1 N.Z T.T. O.D. 22.256 22.331 21.791 21.796 Czechoslovakia — Korunas to £1 N.Z T.T. O.D. ~ 107.68 107.70 Denmark — Kroner to £1 N.Z T.T. O.D. ' 18.219 18.279 17.753 17.755 Finland— Marks to £1 N.Z T.T. O.D. 186.15 186.55 177,45 177.55 France— Francs to £1 N.Z Germany— Reichmarks to £1 N.Z. ... Greece — Drachmae to £1 N.Z. ... Holland— Florins to £1 N.Z T.T. O.D. T.T. O.D. T.T, O.D T.T. O.D. 145.13 6.980 7.020 141.37 141.39 9.180 9.182 423,83 423.98 6.755 6.757

Buyers. £ s. d. Sellers. £ s. d. N.Z. GOVERNMENT LOANS— 4 p.o. Stock, Nov., 1949-52 3£ p.c. Stock, Sep., 1939-43 3 p.c. Bonds, 1939-41 3 p.c. Stock, 1939-41 4 p.c. Bonds, 1943-46 4 p.c. Stock. 1946-49 4 p.c. Stock, 1952-55 95 10 0 95 10 0 99 0 0 97 15 0 88 0 0 99 0 0 99 0 0 BANKINGAustralasia (£5) New Zealand (£1) ... Commercial (10s) National of N.Z. (£2 10s) Union of Australia Ltd. (£5) 2 0 9 10 0 0 0 18 6 -2 10 0 8 12 0 INSURANCE— National (7s) ... ... Standard (£1) 2 10 0 0 16 0 SHIPPINGHuddart, Parker (prcf., £1) P. and 0. Deferred Stock (£1) U.S.S. Co. (pref., £1) 19 3 1 11 0 16 0 MEAT PRESERVING— N.Z. Refrigerating (paid. £1) N.Z. Refrigerating (cont., 10s) Southland Frozen (paid, £1) South Otago Freezing (£5) Waitaki Fanners’ Freezing (£5) 0 7 11 19 0 0 18 0 0 8 3 110 0 5 0 0 4 8 0 LOAN AND AGENCYGoldsbrough, Mort (£1) - National Mortgage (£2) 2 0 0 N.Z. Guarantee Corp. (3s) ... - Otago Farmers’ Co-op. ' (3s 4d) 0 2 9 Otago Farmers’ Co-op. (A pref., £1) ... — Trustees, Executors, and Agency (£3) ... 4 0 0 Wright, Stephenson (pref., £1) — 19 0 0 4 2 0 3 6 X 1 0 10 0 COAIr— Westport (10s) Westport-Stockton ■ (ord., 10s) Westport-Stockton (pref., 10s) 0 6 6. 12 9 0 4 6 0 7 0 OIL— Taranaki (£1 4s 7d) 0 11 6 0 12 3 WOOLLEN COMPANIESBruce (ord., £1) Bruce (pref., £1) 0 5 6 0 6 3 110 MISCELLANEOUS— ■ Associated News (pref., £1) British Tobacco (£1) Broken Hill Pty. (£1) ... 13 0 2 16 3 2 8 6 2 17 0, Colonial Sugar Co.ly' (£20) ... D.I.C. (ord., 10s) ... D.l.C. (pref., £1) ... Dominion Fertiliser (£1) -. Dunlop Perdnau Rubber (£1) G. J. Coles (£1) ... I.C.I. (pref, £1) ... Milburn Lime and Cement (£1) N.Z. Drug Co (£2) ... N.Z. Paper Mills (£1) * Otago Daily Times’ (£1) , Smith and Smith (pref., £1) Wilsons Cement (10s) Woolworths (Sydney, ord., 5s) 13 0 12 9 2 0 0 48 0 0 0 14 6 13 6 14 0 10 9 3 19 9 13 0 1 15 3 3 8 0 116 2 3 0 1 2 0 0 17 0 1 1 3 BREWERIESNew Zealand (£1) ... Dunedin (£1) ... ... — 2 0 3 16 0 OVERSEAS LIST— Woolworths (South Africa) — 0 14 11 OVERSEAS MINING— Broken Hill South (5s) Electro. Zinc (ord., £1) Mount Lyell (£1) ... Mount Morgan (2s 6d) Mount Morgan (pref., £1) North Broken Hill (5s) Placer Development Rawang Tin (10s) ... Zinc Corporation 2 5 0 0 8 10 X X 0 0 8 0 5 0 0 1 11 0 2 5 9 19 6 0 9 2 2 10 0 3 15 0 0 8 9 GOLD MINING— Austral N.Z. (£1) ... Big River (Is) Clutha River (2s) ... Gillespie’s (Is) ... ... Goldfields Dredging (is) Nokomai (5s) Okanto (5s) Sandhills (Is) Waitahu (5s) Worksop (Is) 0 0 11 0 13 oT 14 0 0 9 1 1 3 0 2 6 0 10 0 0 3i 0 16 0 2 6 0 0 2i 0 10 0 12 UNLISTED STOCKS— All stocks in this section are not quoted on the official list, and transactions are subject to a different rate of brokerage:— A. and T Burt’s (prof., £1) 0 11 0 0 12,9 Dunedin Ice Cream ... — 1 10 0 Woolworths Properties (£1) 15 0 15 9 Whakatane Paper Mills 0 3 0 - Italy— Lire to £1 T.T. N.Z O.D. - 70.292 70.317 Java — Florins to £1 T.T. N.Z O.D. 6.954 6.994 6.729 . 6.731 Norway— Kroner to £1 T.T. N.Z O.D. 16.202 16.262 15.766 15.769 Noumea — Francs to £1 T.T. N.Z O.D. 148.88 138.75 138.79 Papeete— Francs to £1 T.T. N.Z O.D. 147.98 138.97 139.01 Sweden— Kroner to £1 T.T. N.Z O.D. 15.822 15.882 15.379 15.382 Switzerland— Francs to £1 T.T. N.Z O.D, 16.618 16.723 16.213 16.215 Hongkong— N.Z. pence to T.T. 1 dollar ... O.D. 18 23-64 18 21-64 18 59-64 18 59-64 India and Ceylon— N.Z. pence to T.T. 1 rupee ... O.D. 22 9-64 22 7-64 22 37-64 22 37-64 Japan— N.Z. pence to T.T. 1 yen O.D. - 17 21-32 17 21-32 Singapore— N.Z. pence to T.T. 1 dollar ... O.D. 34 29-64 34 25-64 55 33-64 35 33-64