WIDER FIELD

Evening Star, Issue 23564, 1 May 1940, Page 9

WIDER FIELD

OVERSEAS SHARES QUOTED RELAXING OF RESTRICTIONS Following on the relaxing of the restrictions, shares uii the Australian register wera called on the Dunedin Stock Exchange this morning. The limitations on dealings in theso shares were fully explained m the 'Star' yesterday. There are one or two companies, however, with both a New Zealand and an overseas register, which may not be quoted as yet, but the position regarding these will probably be clarified Within a few days. They include mainly loan and agency companies such as Dalgety's and National Mortgage. Business in Australian shares opened quietly for the most part, the mining department receiving the most attention. More sellers of New Zealand Government issues ar» coming forward, quotations being fairly firm at late rates. The same tendency was noticeable in other lines, notably insurance. Quotations aro firm, however, on late rates. SALES REPORTED. —Yesterday.— Westport Coal, £1 ss. Kaiapoi (ord., odd lot), 15s 2d. New Zealand Paper Mills, £1 12s. New Zealand Refrigerating (cont.), IDs. New Zealand Refrigorating (paid), £1 Is 3d. —Late Yesterday.— Southland Frozen (paid), £2 15s. New Zealand Paper Mills (2; cum div.), £1 12s. OVERSEAS TRADE OFFICIAL FIGURES GROWING EXCESS OF EXPORTS [Pzb United Press Association.] WELLINGTON, April 30. The latest returns of New Zealand's overseas trade are as follows: — —Month of March.— Excess of Exports. Imports. exports. 1940 ... 7,265,000 2,728,000 4,537,000 1939 ... 7,683,000 4,356,000 3,327,000 1938 ... 7,366,000 4,907,000 2,459,000 —Three Months Ended March.— 1940 ... 21,700,000 10,058,000 11,642,000 1939 ... 20,066,000 13,874,000 6,192,000 1938 ' ... 20,575,000 14,837,000 5,688,000 —Year Ended March.— 1940 ... 59,643,000 45,571,000 14,072,000 1939 ... 57,867,000 54,409,000 3,458,000 1938 ... 65,008,000 58,065,000 6,943,000 The specie excluded from the above figures and recorded at its face value was as follows: —For March> 1940, exports nil, imports £912; and fur the three-monthly period ended March, 1940, exports nil, imports £912. AUSTRALIAN STOCK EXCHANGES Preis Association—By Telegraph—Copyright I - SYDNEY, April 30. Trading on the Stock Exchange expanded to-day, and the market generally was a little firmer.

MUTUAL STARR-BOWKETT SOCIETY ANNUAL MEETING The Otago Mutual Starr-Bowkett Society held its annual meeting last night. The chairman ot directors (Mr T. Irvine) presided. Reference was made to the death of Mr A. J. Allen, and a motion of sympathy was carried. The adoption of the annual report and balance sheet was moved by the Chairman, •who aaid No. 2 group was almost ready to be wound up. No. 4 group had given the directors some concern, and it was hoped to gain more members so that loans could he offered at more frequent intervals. Mr H Harris seconded the motion, which was carried ■ Messrs H. Harris and W. H. Adams were re-elected directors, and the retiring auditor* (Messrs R.. Hanning and Son and Mr J. T. Hamann) were re-elected. In No. 3 group a free loan of £SOO was offered, cluster No. 32 being drawn, held by one shareholder. In No. 4 group a loan of £I,OOO was offered by sale, a,nd was disposed of at a premium of £42 per £IOO. SILVER QUOTATIONS Press Association —By Telegraph—Copyright LONDON, April 30. (Received May 1, at 1 p.m.) Silver: Fine, 21 l-16d an ounce; standard, 22Jd. LONDON SHARE QUOTATIONS Press Association—By Telegraph—Copyright LONDON, April 30. (Received May 1, at 12.5 p.m.) Dalgety 4 per cent, debentures. £B4 ,10s; British Tobacco, 36? 6Jd; Goldsbrough, Mort, 225; Dalgety, Il6s 3d (all nominal) ; I*. and O. Deferred Stock, 21s 6d,

—Morning Sales.— £ S. d. Commonwealth Bonds, 4 p.c. 1841 ... ... ... ... . 103 10 0 Commonwealth Bonds, 4 p.c., 1961 ... ... 108 10 0 Commercial Bank of Australia 0 15 3 Bank of New South Wales 27 16 0 Toohey’s 1' 8 6 Associated News 0 12 11 Australian Consolidated Industrie* 1 17 1* (cont.) 0 19 li British Tobacco 2 7 0 Broken Hill Pty 2 6 9 —Afternoon Sale's. — Bank of New South Wales 27 16 0 Commercial Bank of Australia 0 15 3 Mercantile Mutual Insurance ... Burns, Philp , ... Consolidated Industries ... ... 1 8 6 2 14 1 17 3 1 Consolidated Industries (cont.) 0 19 0 David Jones ... 1 13 9 Victoria Nyanza 0 8 10 Mount Morgan 0 10 4 Broken Hill Proprietary South Broken Hill 2 1 7 8 0 0 Emperor 0 14 10 .MELBOURNE, April 30. £ s. d. Goldsbrough, Mort 1 9 0 Coles ... 3 9 6 Felt and Textiles ... 2 0 6 Emperor 0 15 0 Loloma 1 13 6