COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 17 November 1937, Page 12

COMMERCIAL NEWS

STOCK AND SHARE MARKET WELLINGTON STOCK EXCHANGE TUESDAY, NOV 15M BKI! J f>, 19.A7. ! I

*('11111 div. fEx div. D. It. Edwards (F. and I). Edwards f.tdd. Sharebroker, Country Mem her of Wellington Stock Exchange, Trafalgar street. Telephone 208. K. G. Tv.’iss, Sharebroker, Country Member of Wellington Stock Exchange, 103 Trafalgar street. Telephone 427. Vercoo, Gilbert and Boves (N. A. Vereoe. Country Member of Wellington Stock Exchange), sharebrokers. Trafalgar street Nelson. Telephone 401. P. 0. Box 74. Telegraphic address “Verboy.”

AUSTRALIAN LOAN CONVERSION [United I’i-chs AHnocjiilion ph -Cnpvrighll LONDON. I filli November. The Austral inn High Commissioner, the lion. Stanley Bruce, lias announced that arrangements have been made lor underwriting on Kith November the conversion of an Australian loan of £1 1.400.005 of lit per cent. :dock, due on Ist February, I Mil. The new conversion loan will be made up as follows: New Snulh Wales. £0,427.405; South Australia, .0.1,DIO,500; Tasmania. £2,000,000. The terms are at the rate of 37. per cent, per annum, and the issue price is at £O7. with a currency of II! to Hi years, maturing in 1054. with the option to redeem in 1051. or thereafter, on giving three months' notice. The yield to investors is calculated at the latest date of maturing at £3 15s Id The prospectus will be issued on 17tii November, and lists for cash subscriptions will be opened and closed on 18th November. I’RICES OK METALS LONDON, 15th November. The ollicial London (middle) quotations, as reported by the Australian Mines and Metals Association, compare with those previously cabled as fol-

HRADFORI) WOOL MARKET CROSSBREDS FAIRLY STEADY BRADFORD, 15th November. Merino tops are quoted in Bradford at 30d for M s warp. Buyers could get concessions. Crossbred tops arc unchanged and barely steady. Yarns are quiet and the prices are a shade lower. NEW YORK PRICE OF TIN NEW YORK, 15th November Tin is quoted at 45.25 cents per lb. WHEAT FUTURES LONDON, 15th November. Wheat cargoes are easier and parcels are lower. Futures; London, November 43s 0d per quarter, March 43s 3d; Liverpool, December 8s 03d per cental, March 7s May 7s 10]d. CHICAGO, 15th November. Chicago Wheat Futures: December, 89] cents per bushel; May, 80b cents; July 84] cents. MINING RETURNS IBy Telegraph—Press Association! HOKITIKA, 16th November. The Rimu Dredge return was 222.75 ounces for 1263 hours; 48,303 yards were excavated.

Buyc Sclle I ‘S i £ s. cl. j: a. d. { N.Z. GOVT. LOANS- | 3A",'-, Inscr. Slock, j 15/7/19.51)41 ... . 98 12 h — 3/,% Inscr. Slock, 15/3/10304.3 10J 10 0 — 1 31",', Iiisit. £toek, *15/11/1038-52 • ...l 31",', Iiisit. Stuck, - 102 15 I 15'5/1930-50 1 — 102 .15 01 31"', Inscr. Slock, 15/11,1911-52 ...1 102 Iiisit. Stuck, 7 b - J5/1/1053-57 — 99 2 6 5J',V, Iiisit. Stock, 15/11/1932-11 ...t 4% 1 user. Stock, — 101 5 0 35/2/1043-46 102 12 6 — 5",', Rural Honda, ' 1.5/0; 1947 101 Make run, Dye., 4J% 10 0 LOCAL RODV DEBENTURES — i 1/8/1953 — 101 0 0 OTHER DEBENTURESAinal. Brick, Wgtn. Kelburn Tram. 5% - 95 0 0 31/10/1943 RANKS- — 106 0 0 Coin, of A list, (old.) 0 17 2 0 17 3 Com. of A list. (|if.) — 9 14 0 Knp., Scot., & Ausl..* — 5 12 National of N Z. ... 2 New Sontli Wales * 18 0 33 10 0 New South Wales (Syd. reg.) 33 5 0 New Zealand * 2 New Zealand, D Long 4 4 2 5 0 Term * 1 9 0 — Union of Ansi 9 FINANCIAL— 0 0 9 10 0 Equitable Rldg. Co. (lidd.sbrough, MorU & • 0 10 6 ('n 1 13 2 1 13 6 National Moitgago A — 2 9 0 N.Z. Guarantee Corp. 0 N.Z, Loan and Mere. 4 6 0 4 a 36 0 0 Wn. Invest. T. & A. — 0 9 7 \\ gtn. Trust Loan Wairara|ja Farmers — 5 10 0 (pref.) 0 4 6 10 Newton King (pref.) GAS- — 0 6 Eeilding 0 2 0 — INSURANCE— New Zealand 3 4 6 _ .South British 4 17 6 — Standard 2 MEAT I’RESERVING— 19 0 N.Z. Refrig. (10s) ... — 0 9 11 1 8 0 Wgtn. Meat Export 0 8 0 — TRANSPORT— lluddart-Parker (ord.) 2 3 9 Union Steam (pref.) 1 6 5 — P k 0. Defd. Slock 1 8 0 — Kelburn Tram, (old.) 1 WOOLLEN— 1 0 — Kaiapoi (pref.) __ 0 17 5 1 15 6 Oiitnarn 0 18 6 0 19 1 0 17 3 Wellington (pref.) ... 5 COAL— 10 0 — Kaitangata 1 3 9 — Woslporl-Stockton . 0 TIMBER— 2 3 — Kauri * 1 2 11 — 0 4 6 Rotoiti (pref.) — 0 19 3 Taringainutn 0 14 9 0 19 6 Taupo Totara (ord.) — 0 7 0 Taupo Totaia (pref.) — 0 19 0 Taupo Totara, los pd. f pref.) — 0 15 0 BREWERIES— Dominion 2 0 3 2 0 9 N.Z. Breweries — 2 8 9 Tooth and Co — 2 14 9 Queensland MISCELLANEOUS1 7 6 A list. Glass * 4 10 0 4 11 0 Brit. Tobacco (Aust.) 2 Brit. Tobacco (6£% 9 0 2 9 6 pref.) 1 Broken Hill l’ly. * Broken Hill Ptv. 10 6 3 3 6 (rights) 1 8 6 1 9 0 Burns, Pbilp. & Co.t — 2 17 0 Claude Neon (Syd.) — 2 9 0 Colonial Sugar — 47 0 0 Dunlop-Pcrrlriau — 1 2 10 Electro. Zinc (ord.) 2 Electro. Zinc (8% 8 0 2 8 9 part pref.) — 2 10 9 Felt and Textiles ... — 1 16 0 General Industries . — 0 19 3 G J. Coles 4 10 3 4 11 3 Howard Smith (ord.) — 1 1 3 1 0 3 Mae Duffs (pref.) — 1 6 0 McKenzies, ex rights* — 3 11 0 McKenzies, rights ... — 2 5 3 MoUiroa Oil — 0 3 6 N.Z. Paper Mills ..f 1 5 9 1 7 0 Procera Bread (ord.) 0 12 3 — Sharland & Co. (ord.) — 0 19 9 Shillings, Ltd — 0 19 3 Taranaki Oil 0 6 0 United Provisions ... 0 Woolworths (N.Z.) 6 0 — (ord.) cum bonus* — 5 6 6 Woolworths (N.Z.) (new) Woolworths, Ltd. - 5 4 6 (ord.) 1 Woolworths, Ltd. (1st 8 6 1 8 8 pref.) 2 0 0 — Wajrakci, Ltd 0 7 6 0 8 o 9 2 1 A’asian, Paper and l’ulp — 1 12 9 Wgtn. Cordage MINING— — 0 10 0 Alexander (eon.) — 0 13 0 0 2 0 Rig River 0 1 2 Xeuioua 0 1 64 — Wailii Investments — 0 10 3 Barrvtown 1 4 0 — AUSTRALIAN MINING — Broken Hill South * 1 18 0 1 18 9 Mount Lycll * 1 15 7 1 16 0 Mount Morgan 0 11 4 0 11 7 North Broken Mill * 2 14 6 UNOFFICIAL LIST A list. Provin Assur. 0 12 0 0 14 6 Selfridges (N.Z.), 12s n n 9 National Tobacco ... 3 2 6 C. & A. Odliu lord.) 0 15 0 — C. k A. Odlin (-pref.) — l 1 0 Westland Brewery, £1 paid 1 10 0 —

Nov. 12. Nov. 15. Per ton Per ton. £ : i. d. 1 l s. ri. Copper— Standard, spot ‘11 1 3 41 B 0 Ditto, forward 41 0 3 41 14 44 Electrolytic 40 0 0 40 111 0 to 47 10 0 47 10 0 Wire bars Lead — 47 10 0 47 10 0 Spot 17 12 11, 17 14 44 Forward Spelter— 17 15 74 17 15 74 Spot 10 14 4.1 10 13 11 Forward Tin— 10 18 14 10 18 1) Spot ids 15 0 11)7 5 0 Forward Silver— 11)7 15 0 11)0 12 0 Standard, per 0/ in in MOd 1 ID fid Fine 212d 2 1 3lOd