Investment Market To-day

Evening Star, Issue 23130, 2 December 1938, Page 6

Investment Market To-day

FEW MOVEMENTS SHARP RISE IN TARANAKI OILS SCRIP SOUGHT AT 12/Although generally conditions were lifeless on the investment market this morning, evidence of better support for selected New Zealand issuer was just discernible. Movements were sluggish, however, while business was again poor. Government loans remained easy, with sellers in the majority, but interest in banking scrip fell away. New Zealands firmed to an inquiry at £2 0s 6d, while Australians turned hesitant. Taranaki Oils advanced smartly to an unanswered inquiry at 12s, and sales were recorded in the north to-day as high as 12s 6d, a rise of 3s 3d on yesterday afternoon’s transactions. The gain was due to the statement by the New Zealand Petroleum Company that drilling operations at the Totangi bore were progressing normally and according to schedule. ; d Dominion scrip commanded improved attention in the industrial section. New, Zealand Breweries made way, firrp buyers advancing limits 6d. New Zealand Drugs 'were quiet on business at recent lower levels, Crystal Ices were steady, but Macduffs (ord.) dropped sharply, declared sellers cutting limits to 4d below yesterday’s sale pried. Australian scrip was - lethargic. Commonwealth mining issues received poor attention, although fractionally better support was apparent. Values displayed little change on the balance, while holders were scarcer. SALES REPORTED. —Late Yesterday.— 4 per cent. Stock, 1946-49, £9B ss. Dominion Fertiliser, £1 3s sd. Taranaki Oil, 9s 3d. SALE ON ’CHANGE. —This Morning.— Crystal Ice, £1 17s. . ; SALES AFTER CALL. —This Morning.— N.Z. Drug Co., £3 5s (2). STOCK EXCHANGE INDICATOR Government- Loans Steady . Banks Uncertain Insurance Steady Shipping Firm Meat Preserving .... Fair attention Coal —; Dull Oil Firmer Woollen Neglected Aust, Industrials Unchanged^ N.Z. Industrials ... "Better support” Breweries Quiet , Aust. Mining Stable AUSTRALIAN STOCK EXCHANGES Press Association—By Telegraph—Coypngtu SYDNEY, December 1. ] The Stock Exchange is fairly active, but industrials are weaker, especially shares in retail stores. MORNING SALES. £ s. d.

DUNEDIN STOCK EXCHANGE THIS MORNING’S CALL LATEST QUOTATIONS

Commonwealth Bonds — 3J per cent., 1949 99 6 3 3J per cent., 1951 99 2 6 4 per cent., 1953 ... ... 103 1 3, 4 per cent., 1951-59 102 8 9 4 per cent., 1961-61 102 15 0 Comm. Bank of Sydney ... 20 5 0 Bank of New South Wales 29 13 0 Tooheys — - 1 10 0 Tooths 2 13 3 Anthony Hordern 0 14 8 Australian Glass ... 5 1 6 Broken Hill Pty 2 16 0 Colonial Sugar ... 46 10 0 Electrolytic Zinc 2 6 0 Henry Jones (ex div.) 2 8 6 AFTERNOON SALES. Bank of New South Wales 29 13 0 Comm. Bank of Sydney ... 20 5 0 Bank of New Zealand 2 0 9 Colonial Sugar ... 47 0 0 New Zealand Insurance ... 2 12 3 Howard Smith 0 18 9 Burns Philp Associated News 2 11 3 1 1 3 British Tobacco 2 7 6 Tooths 2 13 6 Tooheys ... 1 10 0 Carlton Brewery 3 t 0. Australian Glass 5 1 9 0 Farmers — 1 9 Anthony Hordern 0 14 9 General Industries 0 18 9 Cash Orders Amal. ... ... (pref.) (New Zealand, delivery) 0 15 1 A 0 o 1 4 0 Newbold Brick 1 9 3 Gordon and Gotch 2 16 9 Amal. Wireless (paid) 3 3 0 W. Adams ... ... U 10 3 Traders’ Finance ... • •• 1 i 9 Malleys ... ... • ••. 1 0 6 Henry Jones (ex div.) 2 8 9 Mount Morgan 0 9 6 Mount Lyell ••• 1 9 0 Broken Hill Pty 2 ID 0 Larut Tin ... 0 11 9 Placer Development 3 13 0 Loloma ... ••• i i 6 Taranaki Oil ••• O 11 10 Austral-New Zealand i 3 MELBOURNE, December 1. Industrials are quiet, with little variation.. Barriers firmed on better overseas news. Fijian gold shares are_. still weak. Taranaki’s were supported today. £ 6. d. Comm. Bank of Australia 0 15 11 National Bank (£5 paid) ... 6 10 0 Australian Paper Mfrs. (pref.) 1 5 9 British Tobacco ... 2 ■ 7 6 G. J. Coles 3 19 0 Drug Houses ... 1 3 0 Australian Glass 5 0 0 Dunlop Perdriau ... ... 1 0 6 Imperial Chemicals (pref.) 1 3 0 Capel Court Investment Trust 0 3 0 Australian Foundation In8 vestment Trust 0 4 Mount Morgan Mount Lyell 0 1 9 9 7 0 Broken Hill Pty. 2 16 0 Emperor 0 9 9 Loloma 1 2 0 Taranaki Oil 0 11 3

Buyers. Sellers £ d. £ s* d. N.Z. GOVERNMENT LOANS4 p.c. Stock, Nov., 1949-52 ... 96 0 0 97 10 U , 34 p c Stock, March, 0 1939-43 ... ... ... — 93 0 34 'p.c. Stock, Sept., 1933-43 ... — 98 0 0 34 p.c. Stock, May, 0 . 1941-52 ... ... ... — 101 (j 3 p.c Bonds, 1339-41 95 0 0 — 4 p.c. Stock, 1943-46 — 99 0 0 4 p.c. Stock, 1946-49 — 98 10 0 4 p.c. Stock, 1952-55 98 5 0 — 0 Rural Bonds .. ... — 99 0 BANKING— New South Wales (£20) ... 29 0 0 — New Zealand (£1) ... 2 0 6 — Commercial (10s) . ... 0 15 9 0 16 1 E.S. and A. (£3) ... — 5 9 0 INSURANCE— National (7s) ■ ... - ... — 0 IS 8 Standard. (£1). 2 10 0 2 12 6 shipping— .-. . P. and 0. Deferred Stock (£1) ... ... — i n 0 MEAT PRESERVING— i N.Z. Refrigerating '(confc., 10s) .;. ... 0 8 2 : Southland Frozen (paid, £1) ... ... — 1 10 0 South Otago Freez0 ing (£5) — 5 0 LOAN AND AGENCY— Otago Farmers’ Co-op. (3s 4d) — 0 3 ■ Is Wright, Stephenson 9 (ord., £1) — 1 2 Wright, Stephenson . .6 (pref., £1) ... ... 0 18 9 : 0 19 COAL— . 5 Kaitangata (16s) — 1 8 0 Westport, (10s) ... ... — 1 2 B Westport-Stockton ' pref., 10s) ... ... — 0 7 4 OIL— ; : ; Moturoa Oil (pref., 5t) ' ... ... 0 S 0 Taranaki (£1 4s 7d) 0 12 0 — WOOLLEN COMPANIESBruce (ord., £1) 0 6 3 — Oamaru (£1) 0 10 0- — MISCELLANEOUSAssociated News „ (£1) ... ... ... ... —- 1 1 6 Australian Foundation Trust ... ... — 0 b ,0 Broken Hill Pty. (£1) - ' — 2 16 9 Broken Hill Propty. (cont., 10s) — 2 6 t Brown. Ewing (pref., £1) — 1 i b Crystal Ico Co. (£1) ... ... ... ... 1 18 0 D.I.O. (pref., £1) ... — I 3 6 Dominion Fertiliser (£1) ... 1 3 0 1 4 0 G. J. Coles (£1) ... — 3 19 6 I.C.I. (pref., £D ., Macduns Ltd. Cord,, - J. 3, 1 £1) , — 0 ,4 Milburo Lime and t . Cement (£1) — I 15 0 N.Z. Drug Co. (£2) ... ... 3 4 6 3 6 0 * Otago Daily Times ’ (£1) 2 0 0 Wilsons Cement (10s) ; ... — 0 16 6 Woolworths (Sydney, 6 ord., 5s) 1 0 1 1 6 BREWERIESNew Zealand (£1) ... 1 18 6 1 19 0 OVERSEAS LIST— Woolworths (South , Africa) ... —■ 0 14 10 OVERSEAS MINING— Broken Hill South (5s) 1 8 0 1 9 3 Electro. Zinc 2 (ord., £1) 4 9 — Mount Lyell (£1) ... 1 8 4 8 Mount Morgan (2s 6d) 0 9 3 0 9 Mount Morgan (pref.. £1) 1 1 0 — Zinc Corporation 4 5 0 — N.Z. MINING— Austral N.Z. (£1) ... 1 1 0 — Big River (Is) ... ... 0 0 11 0 1 1 Clutha River (2s) ... — 0 2 6 Gillespie’s (Is) 0 0 11 Goldfields Dredging (Is) - — 0 0 34 UNLISTED STOCKS— Molyneux River (2s) 0 0 6 0 1 0 Nokomai (5s) 0 1 6 0 1 b Okarito (5s) 0 2 0 — Sandhills (Is) ... ... 0 0 li 0 0 24 UNLISTED STOCKS— All stocks in this section are not quoted on the official list, and transactions* are sublect to a different rate of brokerage: Dunedin Ice Cream ... — 1 10 0