COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 16 November 1937, Page 10

COMMERCIAL NEWS

STOCK AND SHARE MARKET WELLINGTON STOCK EXCHANGE MONDAY, NOYK.MHEi; 15. 11157.

D. R. Edwards (l r . and D. Edwards Ltd.), Sharebroker, Country Member of Wellington Stock Exchange, Trafalgar street. Telephone 208. F. G. Twiss, Sharebroker, Country Member of Wellington Stock Exchange, 103 Trafalgar street. Telephone 427. Vercoe, Gilbert and Boyes (N. A. Vercoe, Country Member of Wellington Stock Exchange), sharebrokers, Trafalgar stieet Nelson. Telephone 401. P. 0. Box 74. Telegraphic address ‘ Verboy.” AUSTRALIAN SHARE MARKETS I United Press Association-By Electric Telegraph-Opy rlahtl SYDNEY, 15th November. The Sydney share market to-day was dull, without any appreciable change owing to the absence of news of the overseas trend. Sales: Commercial Banking Co. ot Sydney, £2l 8s; National Bank, £5 paid £7 6s; Associated News, 23s 4d: British Tobacco, 49s 9d; Tooths, 54s 9d; Tooheys 325; Carlton Brewery. 655. Dunlop-Perdriau. 235; Hordens, 235; General Industries, 19s 3d; Kandos 245; Morts Dock, 10s 9d; Westinghouse 22s 6d; Sargents, 31s; Newcastle Gas, B and C, 12s. J. Fielding, 90s; Hackshalls, ex div., 13s 6d; Australian Wood Pipe, 7s 7d; Nestles, pref., 35s 3d; United Provisions, 7s; Goldsbrough, Mort, 345; Wilcox Mofllin. 11s 4d: Millaquin Sugar, 38s; Electrolytic iZnc. 495. Mount Morgan, 11s lOd; Mount Lyell, 36s ljd; Broken Hill Proprietary, 74s 3d; New Broken Hill Consolidated, 14s 3d; North Broken Hill, 54s 3d; Rawang, 10s 7d; Taranaki Oil. 6s. Morning sales included: Common-

wealth bonds. <1 per coni., licit!, £103; 1941, ex interest, A! 101 15s; 10-l-l, .11104; 1957, ox interest, ,C10:1 7s (id; Bank of Now South Wales, £33 ss; Toohoys, .'llls od: British Tobacco. 49s 9d; Broken Mill Proprietary. 04s .'id; ditto, rights, 29s lid; Burns, Phi Ip ex dividend, 575; Colonial Sugar, .1147 s2s (id; Howard Smith. 21s 4id; Hume Pipe, 20s ,'ld. MELBOURNE, 15th November. The share market, to-day was generally quiet, with only minor price fluctuations. awaiting a definite lead Irom overseas Barriers were inclined to firm. Sales: Commercial Bank of Australia, 17s 4d; National Bank. £lO paid. £l4 12s; G. J. Coles, 91s 9rl; Australian Glass, fils (id; Dunlop-Perdriau. 21is; ditto, prel'.. 30s. Hume Pipe. 20s 4d; Australian Foundation Investment Trust. 5s lOd; Australian Paper Manufacturers. 10s; ditto, prel'., 14s; Felt Textiles. 35s HUd; Electrolytic Zinc. prel'.. 51s 3d. Mount Lycll, 3(is 3d; Broken Mill Proprietary (Ms; North Broken Hill. 52s (id; South Broken Hill 38s 9d; Emperor, 12s 9d; Loloma, 17s 9d. E.S. AND A. BANK’S YEAR LONDON, 14th November. The English, Scottish, and Australian Bank, Ltd., reports brought forward £306,787; net profit, £276,126; reserves, £65,000; officers’ provident fund, £lO,000; reduction in bank premises, £30,000. Dividends, including the final 3i per cent., will require £171,935, and £305,978 will be carried forward. PIG LEAD IMPORTS LONDON, 14th November. Pig Jcad imports during the past three months were:

SYDNEY WOOL SALES SYDNEY, 15th November. At the wool sales 10.979 bales were offered and 8400 sold, 674 privately. The market was firm for all good wools at the closing rates of last week. Short and faulty descriptions, however, continued irregular, being difficult to sell. Competition came mainly from the Continent and Yorkshire. Greasy merino made to 26d. The average price of wool last week was &1G 8s 3d a bale or 13s 3d a lb. HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following cablegram, dated 12th November, from the High Commissioner for New Zealand. London. — Tallow. —Market very quiet at about 6d below last week’s rates. Hemp.—Manila: Market closes with better tone. “K” grade for JanuaryMarch shipments sold £24 10s. Sisal: After being easier closes steadier with better demand. Values for November shipments £24. January-March shipments sold £24. New Zealand: Progress difficult on account of low prices of competing fibres. “Common” offered £23 15s, nominally £23. Eggs.—Market quiet. English, national pack, 20s 6d to 255; ordinary pack, 22s 6d to 235; Danish, 13s 3d to 16s Gd; Australian, 10s 9d to 13s.

1 Hum ns. Sri h ns. j: d. £ s. d. N.Z. (iOVT. LOANS— 3.',",’, Inscr. Stuck, 15,7,193941 91) V (, — 3,',';,, Inscr. Stock, ‘15/3/1939-43 101 10 0 3A"„ Inscr. Stock, ‘ 15/9/1941-43 101 Vo hiscr. Stock, 0 0 - 15/11/1938-52 ...t 3.J% I user. Stork, 102 15 0 15/5/1939-52 1 — 102 15 0 3i’o I user. Stork, 15/11/1941-52 ...t 102 7 6 ~ LOCAL BODY DEBENTURES — Makcrua Dge., 4|% 1/8/1953 — 101 0 0 OTHER DEBENTURESAmal. Brick, Wgtn Kelburn Train. 5% - 95 0 0 31/10/1943 — 106 0 0 RANKS11 0 0 Coni, of Aust. (orrl.) 0 17 1 0 17 4 National of N.Z. 2 18 0 New Zen lurid * 2 4 2 — New Zealand, D Long Term * 1 9 0 Union of Aust 9 New South Wales 7 0 9 10 0 (Syd- reg.) 33 5 0 FINANCIAL— Abraham & Williams* 3 0 0 — Equitable Bldg. Co. (loldshi'ough, Mort, & 0 10 6 Co 1 13 3 1 14 0 National .Mortgage A 2 9 0 N.Z. Guarantee Corp. 0 N.Z. Loan and Merc. 4 4 0 4 9 (ord. stock.) — 36 0 0 Wgtn. Trust Loan Wairarapa Farmers 5 10 0 (pref.) 0 4 6 — GAS— Christchurch (con.) ... 0 14 9 Fcilding 0 2 0 — 0 8 9 Wellington (uid ) ... 1 16 0 1 17 6 INS UK AN( F— Standard 2 19 0 _ MEAT PRESERVING0 17 6 N.Z. Refrig. (10s) ... 0 9 11 1 8 0 Wgtn. Meat Export 0 8 0 — TRANSPORT— Huddart-Parker (cud.) 2 3 9 Union Steam (pref.) 1 6 5 — Kelburn Tram, (ord.) WOOLLEN— 1 2 0 1 16 0 Oaniaru 0 13 6 0 19 6 Wellington (ord.) ... — 0 5 11 0 Wellington (pref.) ... 5 10 — COALKaitangala 1 3 9 — Pukeinit'o 0 18 0 — TIMBER— Kauri * 1 2 10 1 3 3 0 4 6 Rotoiti (pref.) — 0 19 3 Taringanuitu 0 14 9 0 7 Taupo Totara (ord.) — 0 Taupo Totara (pref.) Taupo Totara, 16s pd. — 0 19 0 (pref.) — 0 15 0 BREWERIES— N.Z. Breweries 2 8 9 Tooth and Co — 2 14 9 Queensland — 1 7 6 MISCELLANEOUS— Aust. Glass * 4 10 6 Brit. Tobacco (Aust.) 2 Brit. Tobacco (6.',% 9 0 2 9 9 pref.) 1 10 6 — Broken Hill Pty. * Broken Hill Pty. 3 3 9 (rights) 1 8 6 1 9 2 Colonial Sugar 46 17 6 47 0 0 Uunlop-Perdriau ... 1 2 6 1 2 10 Electro. Zinc (ord.) Electro. Zinc (8% 2 9 3 part pref.) — 2 11 3 Felt and Textiles ... — 1 16 0 G. J. Coles — 4 12 0 MacDuffs (pref.) — 1 6 0 McKenzies (right) ... 2 3 6 2 7 6 0 4 0 N.Z. Paper Mills ...t 1 6 0 Proccra Bread (ord.) 0 12 0 0 17 6 Sharland & Co. (ord.)f Woolworths (N.Z.) — 0 18 0 (ord. bonus issue)* Woolworths (N.Z.) 5 7 0 (new) Woolworths, Ltd. — 5 5 0 (ord.) 1 8 8 1 8 11 Woolworths, Ltd. (1st pref.) 2 0 0 — Wairakei, Ltd 0 MINING— 7 6 0 8 0 Argo 0 1 8 0 2 0 Waihi Investments — 0 10 0 Barry town 1 AUSTRALIAN MININGBroken Hill South * 3 0 1 19 1 Mount Lyell * 1 15 6 1 16 4 North Broken Hill * — 2 13 3 UNOFFICIAL LIST Buyers. Sellers. £ s. d. £ 8. d. Aust. 1’rov. Asstir. 0 12 0 0 14 0 Selfridges (A'asia.), rights 0 0 9 N.Z. l'erpet. Forests — 2 6 0 *Cuin div. tEx div.

Aut>. Sept. Oct. Tons. Tons. Tons. Australian . 10.800 8,432 14,230 Total imports ... . 27,379 21,709 31,341