COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 13 January 1938, Page 14

COMMERCIAL NEWS

STOCK AND SHARE MARKET

WELLINGTON STOCK EXCHANGE |j WEDNESDAY JANUARY 12, 1938. i

A. B. Kidson, Sharebroker, Country Member of the Wellington Stock Exchange, F. & D. Edwards Ltd. Building, Trafalgar Street. Telephone 209. 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 1 Stock Exchange,) sharebrokers, Trafalgar Street Nelson. Telephone 401. P. b. Box 74. Telegraphic address “Verboy.’ AUSTRALIAN SHARE MARKETS [United Press Association—By Electric Telegraph Copyright! SYDNEY, 12th January. Base metal shares were in strong demand on the Sydney Stock Exchange today, while the market for industrials was much brighter. Sales: Bank of New South Wales, £33 12s 6d; Commercial Banking Co. of Sydney, £2O 18s; National Bank, £5 paid, £7 4s; Colonial Sugar, £47 12s od. Mercantile Mutual Insurance, 31s; Huddart Parker, 43s 3d; Burns, Philp, 55s 9d; Berlei, 40s; British Tobacco. 50s 3d; Australian Gas, old £7 8s 6d. Tooheys, 335; Dunlop-Perdriau, pref., 38s; Lustre, 235; General Industries, 20s ljd; Kandos, 25s 7£d: Claude Neon, 50s 6d; Neon Signs, 17s 6d. Clifford Love, 555; Standard Cement, 18s; Woolworths, 265; Westinghouse, 22s 9d; Cash Orders, 18s 3d; Sargents, 30s: Gordon and Gotch. 52s 104 d; United Provisions, New Zealand delivery, 7s < 0d; Goldsbrough Mort, 32s 9d; Fairy- i mead Sugar, 365.

i Electrolytic Zinc, 50s; Mt. Morgan. ; 10s sd; Mt. Lyell, 34s 10£d; Broken Hill ! Proprietary, 64s 3d; North Brokens. i 57s 6d; South Brokens, 37s 7£d. Morning sales included: —Common* {wealth bonds, 4 per cent., 1944, £lO5 \ 15s; 1947, £lO5 12s 6d; 1953, £lO5 7s 16d; 1955, £lO4 ss; Amalgamated Zinc, 111 s; Associated News, 23s 3d; Anthony j Hordern, 19s; Burns, Philp, 55s 9d; j Electrolytic Zinc, 49s 6d; Farmers, 33s 3d; Goldsbrough Mort, 32s 9d; Tooth’s, 55s 3d. MELBOURNE, 12th January. Strong buying of Barriers with a maintenance of the firm tone in industrials, were the features of the Stock Exchange to-day. •Sales: Commercial Bank of Australia, 17s Id; National Tobacco, 50s 3d; G. J. Coles, 85s 6d; Drug Houses, 265; Australian Glass, 93s 9d: Dunlop-Perdriau, 23s 9d, pref, 38s; Goldsbrough Mort, 32s 9d; Electrolytic Zinc, 50s 3d, pref., 535. Mt. Morgan, 10s 7d; Mt. Lyell, 34s 10£d; Broken Hill Proprietary, 64s 6d; North Brokens, 57s 3d; South Brokens, 37s 9d; Zinc Corporation, £5 13s; Emperor, 13s 4d; Loloma, 17s Id. SHEEPSKIN SALE DUNEDIN, 12th January. There was a good attendance of buyers at the fortnightly sheepskin sale. Competition was good, and prices for all grades can be quoted about on a par with the last sale. Following is the range of prices:— Faulty pelts, to 3£d; first pelts, to 52d; crossbred quarter-wool, to 6£d; crossbred half-wool to 7d; crossbred threequarter wool, to B£d; crossbred fullwool, to 9|d; fine crossbred quarterwool, to fine crossberd half-wool, to 7£d; fine crossberd full-wool, to 9£d; halfbred quarter-wool, to 6£d; halfbred half-wool, to 8;fd; halfbred three-quarter-wool, to 9Jd; halfbred full-wool to lOJd; crossbred dead, to 7fd; fine crossbred dead, to 8d: halfbred dead, to Bsd: crossbred lambs, to 8ld; fine crossbred lambs, to 83d; halfbred lambs, to B|d; merino full-wool, to Bsd. UNION BANK OF AUSRALIA LONDON, 11th January. The Union Bank of Australia has declared a final dividend of 4s per share, making the year’s total 7 per cent. A bonus of 2 per cent, will also be paid to the proprietors from the Centenary Fund. METALS DEARER LONDON, 11th January. The official London (middle) quotations, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:

ANTWERP WOOL FUTURES ANTWERP, 11th January. Wool futures are quiet. Quotations; March, 23£d; May, 23|d; July, 23*d. The quotations on 4th January were: March, 24£d‘ May, 24$d; July, 24£d. The prices are for 64’s tops, dry combed. DREDGING SHARES IN LONDON LONDON, 11th January. Shares quotations include:—Clutha River Company buyers Is lOd, sellers 2s ljd; Molyneux River Company, buyers Is 7id, sellers Is 10id.

Buyers. Sellers. £ s. d. N.Z. GOVT. LOANS— 3£% Inscr. Stock, £ s. 15/3/1939-43 100 5 0 3£% I riser. Stock, — 15/9/193943 100 5 0 3g% laser Stock, — 15/9/194143 100 5 0 Inscr. Stock, 15/3/1941.43 100 5 0 3£% laser. Stock 15/11/1938-52 ...101 0 0 3£% Inscr. Slock — 15/5/1939-52 101 0 0 Inscr. Stock 15/11/1941-52 101 0 0 3J% Inscr. Stock “ 15/5/1941-52 101 0 0 3£% Inscr. Stock ~~ 15/1/1953-57 98 0 0 4% laser. Stock, 99 0 0 15/6/1952-55 102 0 0 3|% Bonds, 15/11/ — 1938-41 100 0 0 5% Rural Bonds, 15/9/1947 102 0 0 OTHER DEBENTURES— Makerua Dge , 4£% 1/8/53 98 15 0 BANKS— Australasia — 11 5 0 Com. of Aust. (ord.)* 0 16 10 0 17 0 Com. of Aust. (pref.)* — Com. Banking Co., 9 15 0 Sydney — 20 17 6 National of N.Z. ...t 2 13 0 — Nat. of A’asia (£10) 14 1 0 — Nat. of A’asia (£5) 7 0 0 7 2 6 New South Wales ... 32 15 0 33 10 0 New Zealand 2 4 0 New Zealand, D Long 2 4 3 Term 1 8 10 FINANCIAL— Dalgety and Co — Goldsbrough, Mort & 9 7 6 Co 1 12 8 1 12 9 National Mortgage A — 2 8 0 N.Z. Guarantee Corp. — 0 4 9 Wgtn. Trust Loan 5 0 0 — Newton King (pref.) 0 9 0 — GAS— Feildmg 0 2 0 INSURANCE— — South British — MEAT PRESERVING— 2 10 0 Gear Meat — 0 17 0 N.Z. Refrig. (10s) ... — 0 9 0 Wgtn. Meat Export 0 8 0 TRANSPORT— — Union Steam (pref.) 16 3 WOOLLEN— Bond’s Hosiery Mills 0 17 0 0 18 3 Kaiapoi — 0 12 6 Kaiapoi (pref.) — COAL— 0 17 3 Kaitangata 16 0 — Pukemiro 0 18 0 TIMBER— — Leyland-O'Brien ... — 0 18 9 Rotoiti — 0 4 3 Rotoiti (pref.) — 0 18 0 Taupo Totara (ord.) — BREWERIES— 0 7 0 Dominion 1 18 6 N.Z. Breweries 2 6 9 Tooth and Co 2 14 9 2 15 0 Queensland — MISCELLANEOUS— 1 7 0 Anthony Hordern ... — 0 19 0 Aust. Glass — 4 14 0 Brit. Tobacco (Aust.) 2 9 9 2 9 10 Broken Hill Pty. ... 3 3 6 Broken Hill Pty. (5s 3 4 0 paid) 1 14 9 — Burns, Philp, & Co. — 2 16 0 Colonial Sugar 47 2 6 47 12 6 Dunlop-Perdriau ... 1 3 4 1 3 9 Electro. Zinc (ord.)* 2 8 0 Electro. Zinc (8% 2 9 6 part pref.) * 2 11 0 — Felt & Textiles ... 1 16 9 — General Industries .. 0 19 9 — G. J. Coles 4 3 9 4 4 3 Hume Pipe 113 — MacDuffs (old) (pf.) — 1 6 0 McKenzie’s — 3 14 3 N.Z. Newspapers ... 1 17 9 — Taranaki Oil 0 6 9 0 7 2 Wilson’s (N.Z.) Cement 0 17 4 Woolworths (N.Z.) — (ord.) 10 0 Woolworths Ltd. 1 1 9 (ord.) » _ Woolworths, Ltd. (2nd 1 6 0 P re f.) — Woolworths, Ltd. (1st 1 9 2 pref.) 2 0 0 — R G. Kain (pref.) .... — AUSTRALIAN— 1 0 6 Broken Hill South ... 1 16 2 Mount Lyell 1 14 3 1 14 & Mount Morgan — 0 10 7 North Broken Hill .. 2 15 0 Placer Development 3 13 6 Wellington Allu vials — OVERSEAS LISTINGS— 0 5 9 Woolworths Holdings 0 14 2 UNOFFICIAL LIST 0 14 6 Buyers. Sellers £ s. d. Dominion Farmers’ £ s .d Institute — 4 12 6 Metiers (N.Z.) Ltd. — UrO o Selfridges (A'asiu.), 0 11 0 Ltd 17 0 Selfridges (N.Z.), Ltd. — (12s paid) — 0 11 0 N.Z. Perpet. Forests 2 6 0 R & E. Tiugey (6% — pref.) (£1 paid) ... 1 0 0 *Cum div. fEx div. 1 2 6

Jan. 10. Jan. 11. Per ton. Per ton. £ s. d. £ s. d. Copper— Standard, spot 42 13 li 44 4 4$ Ditto, forward 42 16 10$ 44 8 1$ Electrolytic 46 15 0 48 0 0 to 47 5 0 49 0 0 Wire bars 47 5 0 49 0 0 Lead — Spot 16 10 7J 16 19 4$ Forward 16 14 4$ 17 4 4 h Spelter— Spot 15 6 10$ 15 16 3 Forward 15 11 104 16 0 0 Tin — Spot 185 17 6 188 12 6 Forward 185 12 6 188 12 6 Silver — Standard, per oz 19 9-16d 19 13-10d Fine 21 l-8d 21 3-8d