MOSTLY STEADY

Evening Star, Issue 23324, 21 July 1939, Page 12

MOSTLY STEADY

HESITANCY IN A FEW AUSTRALIANS

HIGHER LIMITS FOR SEVERAL N.Z. ISSUES

A firm tone continued to mark investment operations this morning, but further rises were limited. In fact, a, few transtasman issues showed signs of hesitancy, while business to-day was poor. Late yesterday, however, a com paratively large number of sales were marked

Among Commonwealth stocks G. J. Coles had buyers Gd easier at £3 19s 6d. vendors asking £4 Os 3d, while the coutributings, 10s paid, were sought at £3 Is. Woolworths Properties contribs., paid 10s, found a steady market. Dunlop Rubbers, 1.C.1. prefs., and A. closed unchanged, while B. lost fractional ground. Metals were inactive, the only declared buyer offering £1 7s 9d for Lyells. Bank of New Zealands continued to recover ground, and the call finished with buyers on the £1 19s mark. Insurances were well sought, while other early sections remained steady. Industrials to stand out included Donaghy’s Ropes, which closed between £2 7s 6d£2 9s, Dominion Fertilisers £1 8s 6d£l 4s 6d, and-New Zealand Breweries, which were wanted at the better valuation of £1 17s 6d. Macduffs ords. had a purchaser at Is 6d, while Woolworths New Zealand improved to an inquiry at 17s 9d.

SALES REPORTED. —Late Yesterday.— Bank of Australasia, £9 ss. Standard Insurance, £2 _l4s 3d. New Zealand Refrigerating (cent.) 8s 3d. Oamaru Woollen, 15s 3d. Donaghy’s Rope, £2 8s 3d (odd lot), Hume Pipe, £1 Is Bd. Electrolytic Zinc (ord.), £2 13s 6d —This Morning.—

Australian Consol. Ind., £1 18s 9d,

SALE AFTER CALL. —Late Yesterday.— Now Zealand Breweries, £1 17s 7d

DIVIDEND AND CALL LIST. DIVIDENDS DUE. Okarito Dredge—lo per cent. ... July 22 Union Bank of Australia—lnterim. 3s (sterl.), per share, or 3 per cent, (less U.K. income tax) July 26 Smith and Smith—Half-yearly, pref., 2j per cent, (less Social Security tax) July 31 N.Z. Insurance—Final, Is per share Aug. 8 Farmers’ Fertiliser—Ord. at 6 per cent, per annum; pref., 51, per cent, per annum Aug. 15 Commercial Bank of Australia-Half-yearly, ord., at 7£ per cent, per annum; pref. at 4 per cent, per annum Aug. 17 CALLS DUE, Broken Hill Pty.—ss, making £1 paid ... July 31 1.C.1. (5 per cent, cum pref.)— ss, making £1 paid July 31 CONSOLS AND STOCKS Press Association—By Telegraph—Copyright

SYDNEY MARKETS Trsss Association—By Telegraph—Copyright SYDNEY, July 20. The wheat market slumped and silo grain is quoted at 2s 31d. representing a net average return to the grower of Is 6d a bushel, which is the lowest for the current season. Bagged is 2s Old. Flour. £l2 355. Bran aud pollard, £4 ss. Potatoes; Tasmanian. £l4 to £2O; others, £lB 10s. Onions; Egyptian brown, £2B; Victorian, £2B. Maize: Yellow, 4s; white, 4s 2d. LONDON MARKETS WEAKER REACTION TO INTERNATIONAL SITUATION Press Association—By Telegraph—Copyright LONDON. July 20. (Received July 21, at 10.30 a.m.) The stock markets show an idle tendency and are generally weaker on the international political situation.

LONDON, July 20. (Received July 21, at 1 p.m.) Consols, Si £64 15 0 Funding Loan, 4, 1960-90 105 10 0 War Loan, Si, 1952 Conversion Lean, 6£, 1961 ... ... 92 12 6 93 0 0 Victory Bonds, 4 105 0 0 Commonweal tb, 5. 1945-48 ... ... 100 0 0 Commonwealth, 4, 194348 ... ... 97 7 6 Commonwealth. 3t, 1948-53 90 7 6 Commonwealth, Si, 1956-61 ... 80 17 6 Commonwealth. 3. 1955-58 79 12 6 New South Wales, Si, 1935-50 89 1 3 Victoria, 3, 1929-49 87 0 0 Victoria. 43, 1940-60 ... 99 10 0 Victoria, 5, 1945-75 99 10 0 Queensland, 3. 1922-47 88 15 0 Queensland, 5, 1940-60 102 2 6 South Australia 3. 1916 (opt.) 68 0 0 South Australia, 5, 1945-75 ... 100 0 0 West Australia, 4, 1942-62 92 0 0 Tasmania. Si, 1920-40 100 1 3 Tasmania, 4, 1940-50 95 0 0 New Zealand, 4), 1948-58 89 10 0 New Zealand, 3J, 1940 99 12 6 Now Zealand, 3. 1948 95 10 0