COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXII, 24 November 1938, Page 16

COMMERCIAL NEWS

STOCK AND SHARE MARKET WELLINGTON STOCK EXCHANGE WEDNESDAY, 23rd NOVEMBER, 1938. Buyers. Sellers £ s. d. £ s. d. N.Z. GOVERNMENT LOANS—--3% 1 riser. Stock, 15/7/1939-41 94 10 0 3£% lnser. Stock, 15/5/1939-52 3j% lnser. Stock, 15/1/1953-57 93 0 0 3j|% lnser. Stock, 15/11/1938-41 ... 4% lnser. Stock, 15/4/1946-49 4% lnser. Stock, 15/5/1949-52 5% Rural Bonds, 15/9/1947 LOCAL BODY DEBENTURES— Waikohu Cnty., 4£ p. c., 1/10/60 ... Napier Har. Bd., 4£ p.c., 30/9/57 Christchurch Dge., 4£ p.c., 31/12/38-50 . Wanganui Har. Bd., 41 p.c., 1/4/55 ... ICO 10 0 Northcote Boro., 41 p.c., 1/8/56 Rotorua Cnty., 41 p.c., 31/10/40 ... Rotorua Cnty., 41 p.c., 31/10/66 ... —. 98 17 6 Waitomo E.P., 41 p.c,, 1/8/1945-53 . - 101 0 0 Waitomo E.P., 41 p.c., 1/8/1945-58 . Hutt and Petone, 41 p.c., 110/1961 ... OTHER DEBENTURES— Gisborne Sheepfarmers, 61 p.c., 31/ 8/41 101 10 0 RANKS— Australasia Comm. of Aust. (ord ) 016 0 016 5 Com in. of Aust. (pref ) Comm. Banking Co., Sydney 20 5 0 E.S. and A * National of N.Z. ... —2 10 3 Nat. of A’asia (£10) * New South Wales * New South Wales (Syd. Reg.) New Zealand * —2 13 Union of Aust. (Melb. Reg.) 8 14 0 FINANCIAL— Palgety and Co. ...* National Mortgage “A” 1 18 6 Newton King [pref.) 0 8 9 N.Z. Guarantee Corp. 0 4 3 N.Z. Invest. Mort. and Dep 0 9 9 Wgtn. Invest. T. and AOB6 0 9 6 Wgtn. Trust Loan . General Finance ... 0 18 6 Wright, Stephenson (ord.) _ 12 6 GAS— Auckland 0 19 0 INSURANCE— National of N.Z. ... 0 16 1 New Zealand —2 12 9 South British —2 4 0 MEAT PRESERVING— N.Z. Refrig. (£1) ... 019 3 N.Z. Refrig. (10s) . 0 8 2 Southland 1 11 0 TRANSPORT— Huddarfc, Parker (ord.) 2 9 6 Huddart, Parker (pref.) 18 6 Kelburne Tramway (ord.) WOOLLEN— Mosgiel * COAL— Westport - Stockton (pref.) 0 6 6 TIMBER— Leyland-O’Brien ...t 0 15 0 Rotoiti 0 3 5 Rotoiti (pref.) 0 16 9 BREWERIES— N.Z. Breweries ...* —2 0 0 Tooth and Co. ...* —2 15 3 Tooheys 1 12 0 Tui f —2 8 0 MISCELLANEOUS— Anthony Hordern * 0 16 3 Brit. Tobacco (6£ p.c. pref.) 1 12 0 Burns, Philp, and Co * —2 12 0 Colonial Sugar ...* Consol. Brick and Pipe 0 7 10 Denhard (ord.) 0 8 6 D.I.C. (pref.) 13 0 General Industries G J. Coles I.C.i. Aust. and N.Z. (pref.) 12 9 1 211 MaeDulfs (ord.) ... 0 3 0 McKenzie’s —2 17 6 Moturoa Oil 0 5 0 Moturoa Oil (pref.) 0 5 0 National Electric ... 0 15 0 Sharland and Co. (ord.) 0 14 6 Taranaki Oil 0 12 10 Wilson’s (N.Z.) Cement * 0 16 7 Woolworths, Ltd. (ord.) 1 010 110 Woolworths, Ltd. (2nd pref.) 19 3 Victoria Lauudry . 018 0 10 0 WaJdas Shoes ... 0 5 9 Smith and Smith ... Donaghy’s Rope ... —2 4 0 Gordon and Gotch . 214 9 MINING— Big River 0 12 Blackwater 0 19 0 Maori Gully 0 06$ 0 0 8 Nemona 0 1 4£ V\ orksop Extd. ... 0 011 New River 0 10 AUSTRALIAN— Broken Hill South * 1 10 9 Mount Lyell t* Mount Morgan ... 0 9 2 North Broken Hill * —2 10 3 Emperor 010 0 010 4 UNOFFICIAL LIST, Buyers. Sellers £ a. d. £ s. d. Woolworths Properties (208 pd.) ... 1 5 0

R. & IS. Xingcy Ltd. (pref.) 1 0 b C and A. Odlin (ord.) 0 17 6 John Duthie (pref.) N.Z. Perpetual Forests - 1 3b 0 National Tobacco . —2 2 6 N.Z. Theatres, Ltd. 0 O’ 6 A. li. Kidsou, Sharebroker, Country Member ot the Wellington Stock Ex change, b. \ L>. Edwards Ltd Buildiuga. Trafalgar Sticet. .telephone 2ob. R. G. 1 wia», Sharebroker, Country Member ot Wellington Stock Exchange, IUS 1 rafalgar Street. Telephone 427. D. E. Barclay, Sharebroker and Investment Consultant, Norwich Union Cham bers, Hardy Street. Telephone 1145. BRADFORD TOPS lO.P.A.—By Electric Telegraph— Copyright’, LONDON. 21st November. The Bradford tops market is quietly firm, awaiting a lead from the London wool sales. ANTWERP WOOL FUTURES ANTWERP, 22nd November. Wool futures are steady. Quotations: December 22gd, March 23|d, May 23£d The quotations on 15th November were: December 23jd, March 23|d, May 233 d. The prices are for #*4’s tops dry combed. PRICES OF METALS LONDON, 22nd November. The official quotations on the London metals market compare with those previously cabled as follows: — Nov. 21. Nov. 22. Per ton. Per ton. £ s. d. £ s. d. Copper — Standard, spot 44 4 7£ 43 16 ICU Ditto, forward 44 8 1J 44 0 Ik Electrolytic 49 15 0 49 10 0 to 50 15 0 50 10 0 Wire bars 50 15 0 50 10 0 Lead — Spot 15 18 li 15 17 6 Forward 16 1 3 15 19 Spelter— Spot 14 1 101 13 18 li Forward 14 4 4) 14 3 li TinSpot 213 17 6 212 2 6 Forward 214 12 6 213 2 6 Silver — Standard, per oz 20 l-16d 10 l-16d Fine 21gd 21gd AUSTRALIAN STOCK EXCHANGES SYDNEY, 23rd November. The volume of business on the Sydney Stock Exchange to-day showed a marked improvement. Price movements in industrials were mostly toward lower levels, but there was no marked selling pressure. Sales included :—Bank of New South Wales, £3O 10s; Commercial Bank ol Sydney, £2O 12s ; Bank of New Zealand, £2 Is l^d; Bank of Australasia, £10; Colonial Sugar, £4B; Associated Newspapers, £1; Howard Smith, 19s; Huddart Parker, £2 11s 3d; Tooth and Co., £2 15a; Australian Glass, £5; David Jones, £1 15s 3d; Mort’s Dock, N.Z. delivery, 12s 3d; William Adams, 15s 3d ; Atkins, £1 2s 6d; Malleya, £1 0s 6d; Standard Cement, £1 Is 9d; Australian Gypsum, £1 0s 6d ; Cash Orders (Amal.), N.Z. delivery, 15s 7jd; ditto, 15s 6d ; ditto, pref., N.Z. delivery, £1 4s 6d; Newbold Brick, £1; W. H. Soul, £4 9s ; Mark Foy, 19s 7d; Victoria Nyanza, 14s; VVinchcombe, Carson, £1 7s; Henry Jones, £2 10s 6d ; Woolworths, Ltd.. £1 Is; Wunderlich, £1 034 d ; Electrolytic Zinc, £2 6s; ditto, pref., £2 9s; Mount Morgan, 9s. Morning sales included : Commonwealth bonds, 4 p.c., 1938, £lOl 15s; 4 p.c., 1941, £IOO 10s; 4 p.c., 1944, £lOl 2s 6d; 4 p.c., 1953, £lO3 3s 9d ; Tooth’s Brewery, 555; Anthony Hordern, 16s 3d; Australian Glass, 100 s 6d; Associated Newspapers (pref.), 23s l£d; Broken Hill Proprietary, ex dividend, 57s 6d ; Mark Foy, 19s 9d. MELBOURNE, 23rd November. On the Stock Exchange of Melbourne to-day continued weakness was shown in the market. Sales included :—Commercial Bank of Aust., 16s 2d; E.S. and A. Bank, £5 Us; Australian Paper Mfrs., pref., £1 5s 9d; Huddart Parker, £2 Us Carlton Brewery, £3 6s 6d; Cox Bros., new issue, 11s 3d; Australian Glass, £5; Dunlop Perdriau, £1 0s 6d ; “Herald and Times,” £2 17s; Imperial Chemicals, pref., £1 3s; Electrolytic Zinc, pref., £2 8s 9d; Mount Morgan, 8s lOd; Mount Lyell, £1 9s; Broken Hill Proprietary, £2 17s; Zinc Corporation, £5 Is; Emperor Gold, 10s 3d ; Loloma Mines, £1 3s ; | North Broken Hill, £2 9s; Broken Hill South, £1 10s. COLOMBO TEA MARKET I United Press Association! DUNEDIN, 23rd November. Mr L. M. Wright has received the following cabled report on the Colombo auction of November 22: At yesterday’s tea auction of 1,750,0001 b, common and medium grades were irregular, prices at the close of the sale being Id lower. Fine quality teas remained steady at last week’s rates. A total of 2,000,0001 b will be offered to buyers at next week’s sale.