SHARE MARKET

Evening Star, Issue 26042, 5 March 1947, Page 3

SHARE MARKET

ADVANCE IN METALS LYELLS AT 28/7-27/1 . Metal shares advanced smartly on the Dunedin Exchange, this" morning on London demand. Mount Lyells closed at 26s 7d--27s 6d, Broken Hill ' Souths 345-37 s 6d, Mount Morgans 8s ld-8s 6d, and • North Broken Hills were sought up to 775. South. British Insurances finished on a buyers’ market of 955. ■ / . ■ ,

SALES ON ’CHANGE:. THIS DAY. Dunedin.—Sales reported: 3, per 'cent.. May, 1953-56, £IOO 7s 6d (£5,350); E.S. and A; Bank, £8 "4s. 6d (25); Westport Coal, 32s 6d (100). On ’Change:' N.Z. Drug Co., £5 10s (25); Woolwortbs Ltd.(rights), 20s 3d (100). Aueklahd.—National Insurance, S}7s ;■ New Zealand Insurance, ,£5 ss; South British, 945; Northern Steam, -12 s 3d; - Dominion Breweries, 70s; 8.H.P., 49s 3d;- Consolidated Brick,. 17s; Dunloo (N.Z., pref.), 6s 10d ; Farmers’ Trading, 38s; Fletcher Holdings, 38s 6d; G. J. Coles, 95s 6d ; 3 p.c. Stock,'l9s2-55, £100; 17s 6d; 31 p.c! Stock; 1957-60, £lO3. Unlisted: Korma Textiles - (pref.), 275. ; Wellington.—24 p.c. Stock, 1947-49,'£99; 3 per cent. Stock. 1955-58, £99 12s 6d; ♦ per cent. Stock, 1954-58, £lO6 10s; E.S. and A. Bank, £8 4s; Broken Hill Ptv.. 495; Broken Hill South, 33s 6d. - Christchurch.—3 p.c. Stock, 1960-63, £IOO 10s; National Insurance. 27s 3d; Dalgety, £l2 ss; New Zealand Farmers’ Co-op. (50a £l2 53 ss; New Zealand Refrigerating (fully paid), 395; Kaiapoi (pref;)', 28s 6d: Colonial Sugar, £56 15s; Dunlop, New Zealand; (ord.), 6s 9d; ditto : (pref.), 465-9 d; Zine (pref.j, 69s ,6d; Hadfield’s, 6s. -3d; 1.C.1. (pref;),.' 28s 6d; Wool worths (Sydney, rights), 205.: Unofficial? Korma (pref.), 26s lid ’

MINING NEWS. Associated Gold Dredges.—The return to March 1 was 106£oz from 59,302 yards m 276 j hours. * Snowy River.—The return for the last week was lOloz in 251 hours from 43,000 yards. ’Gold Mines of New Zealand.—Return-for February: Arahura dredge, 514 hours, 331,000. yards, 6380 z; Kameri dredge, 398 hours, 184,000 yards, 5930 z. , Austral-N.Z.,—A. return of :410oz for 239 hours was won in the 14 days ended March PRICE OF SILVER. _ NEW YORK, March 3/ The officikl price of silver rose to 81i cents an ounce torday. Bullion dealers said the chief factor was- the strong domestic demand and the slim supply. London inquiries were reported to be negligible.- Lastweek the price moved up from 70.4- cents to 77 cents, mainly under pressure, from British dealers buying for India; ' DIVIDENDS DECLARED. Bond’s Hosiery Mills (N.-Z.) advises that at the annual meeting on March 28 - the directors will recommend an annual dividend of .10 per- cent'; for thp year' ended January 19,- 1947. The dividend, if confirmed, will be paid, immediately after the annual meeting. EXCHANGE RATES. Telegraphic transfer rates, New Zealand on the following centres, are quoted by the Bank of Australasia as follows: — ,

Buying,.' , Selling. . £ £ Londi, stg. £100-£N.Z. 124 7 8 125 0 0 Fiji, N.Z., £I00-£F 90 0 0 88 12 6 Aust.,. N.Z.£100-£A 100 10 0 100 0 0 S. Af., S.A. £100-£N.Z. 125 7 6 125 3 9 New York, dol.-£N.Z. 3.2522 3.2070 Montreal,. doI.-£N.Z. 3.2522 3.2070- . Belgium, Fr.-£N.Z. 143.61 .140.00 Denmark, Kr.-£N.Z. 15.77 .15.26 France, Fr.-£N.Z. • .390.37 .381.36' Holland, G1.-£N.Z. . 8.66 8.48 Manila., Pesos-£N.Z. ■ 6.57 • 6.44 . Norway. Kr.-£N.Z. 16.30, 15.78 • Sweden, Kr.-£N.Z. 11.74 11.50 Switzerland, Fr.-£N.Z 14.01 13.74 London O/D rates — Sea ... 123 15 : 3 125 0 0 : Air ...: 124 0 6 ■. “