STOCKS AND SHARES

New Zealand Herald, Volume LXXV, Issue 23075, 28 June 1938, Page 5

STOCKS AND SHARES

THE AUCKLAND EXCHANGE AN IMPROVED OUTLOOK A sharp rise in base metal shares and 111 all round inprovemeni in Australian industrials occurred 011 the Auckland >tock Exchange yesterday in sympathy with the stronger tone overseas. Greater confidence was generally apparent and reluctance to accept the upward movement, in metal issues particularly, was quickly overcome. Banks failed to receive any help from the brighter outlook and prices continued to show a decline. Industrial sections of the market were active, particularly for the opening of the week. Leading Australians all took an upward turn with buyers more numerous. Broken Hill Proprietary and Colonial Sugars changed hands at better levels, while Electrolytic Zinc ordinaries were lifted 5s Od on the last business transacted less than a fortnight ago. Offers for more were renewed at 40s Od, while the preference issue was vainly sought at 46s 6d, a rise of 4s since Saturday. Holders asked 48s 6d. "Mail trading issues were not affected to a marked 'degree, although support tended firmer. Taranaki OUs were a shade easier.

NEW SCHEELITE COMPANY Formed in September last. King Is- - land Scheelite N.L., King Island, on the South coast of Australia, will shortly enter upon production. Ore will be extracted by open-cut methods and the treatment plant, installed to treat 300 tons of ore a week at the outset, will exceed this estimate. Exploratory work of the former operating company proved 50.000 tons of ore find cncineprs who originally examined the property expressed the opinion that ■ this estimate could ho largely added to in probable reserves.

CLOSING QUOTATIONS Buyers Sellers l s d £ s f] BANKS Australasia 9 19 0 Commercial of Aus. 0 15 7 0 15 11 Ditto (pref.) .. — 9 6 0 Ensr., Scot. & Aus. 4 16 0 National of. N.Z. 2 14 6 2 16 0 New South Wales 81 0 0 New Zealand 2 2 G 2 3 3 Union of Australia S 5 0 INSURANCE National 0 17 3 0 17 () New Zealand 2 15 0 2 1G s South British .. 2 6 0 2 6 9 LOAN AND AGENCY Dominion Invest.. . 0 18 9 Farm. Co-op. Auct. (£5 paid) .. 3 19 0 Ditto (£2 paid) 1 12 0 Ditto (£1 paid) Goldsbrousrh-Mort . 0 15 0 1 7 9 Newton Kinp (pf.) 0 S G N.Z. & River Plate 0 11 0 N.Z. Guar. Corp. 0 4 S Nth. Auck. Farm. (A pref.) Traders' Finance — 0 1G G (con.) 0 4 COAL 7 0 4 11 Grey Valley 0 13 0 Pnkemiro/ 0 19 0 Renown 0 10 3 Ditto (pref.) .. 0 2 « Taupiri 0 14 3 0 15 6 Westport-Stockton 0 3 (i 0 3 10 Ditto (pref.) .. 0 6 GAS 6 0 7 0 Auckland (pd.) .. 1 0 3 1 0 9 Ditto (cod.) .. — 0 14 3 SHIPPING Devonport Steam 1 0 3 _ Huddart * Parker (ord.) 2 5 0 2 6 0 Vorthcrn Steamship (paid) — 0 4 9 Ditto (con.) 0- 0 9 0 1 1 P. A 0. (def, stk.) 1 5 9 1 7 9 Union Steam (pf.) — 1 6 9 TIMBER Bartholomew 0 15 0 0 18 0 Kauri 1 1 3 — Leyland - O'Brien — 0 18 0 National 0 7 3 0 8 6 Rotoiti ... 0 2 G — Tanno Totara ford.) 0 5 0 0 6 3 Ditto (pref.) — 0 19 0 Tarinsramutu — 0 13 3 WOOL AND TEXTILE Kaiapoi (paid) ,. 0 10 0 0 11 6 Ditto (con.) — 0 4 G Ditto (pref) — 0 16 9 vfanawnfu Knitting Mills — I 16 0 BREWERIES Dominion 1 15 0 1 1G G Ditto (pref.) £ ~. ... It 15 6 __ .Vew Zealand 2 1 a - Tooth's ... — 2 14 G Tui ... V 2 10 0 MISCELLANEOUS Aus. . Alloys Steel 0 6 3 ■ Alloys Steel (N.Z.) — 1 1 0 Anthony Hordern (pref.) — 1 3 6 Aust. Glass — 4 11 0 Aus. Iron' and Steel (pref.) 1 7 4 1 7 9 •Berlri (N.Z.) — 3 7 G British - Tobacco 2 6 9 2 7 fl Ditto (pref.) .. 1 10 0 1 11 6 Broken Hill Pty. 2 19 0 2 19 3 Ditto >con.) — 1 1G G Burns. Philp 2 9 6 — Byeroft, Ltd. — 2 2 0 Colonial Sugar .. 46 7 0 40 12 0 Consol. Brick — 0 8 6 Dtinlop - Perdriau 1 0 8 i 1 2 Electro. Zinc 2 0 9 ' 2 1 6 Ditto (pref.) .. Farmers' Trading 2 6 6 2 8 6 1 1 0 1 1 G Ditto (A pref.) 1 1 0 — Ditto (B pref.) 1 0 3 —iGear Meat — 0 15 9 General Industries — 0 18 0 G. J. Ciles 4 2 fl 4 2 9 Grey anil Mcnzies 0 12 9 — Flenry Jones 2 G 6 — FT1I1 and Plummer — 1 1 0 H.M. Theatre (ord.) — 1 0 6 Ditto (t>ref.) .. — 1 1 G K.D.V. Boxes G (con.) 0 2 0 0 3 Lewi* Eady (pref.) 0 15 0 — McKenzies — 3 3 fl Mucky, Locran .. 1 2 0 1 3 fl Macdaffs (ord.) .. — 0 17 fl Muturoa Oil 0 5 G 0 5 9 Milne and Choyce (deb., stk.) .. 0 14 0 — fl M.K. Manufacturers — 0 10 Marts Dock 0 10 3 0 10 9 New Ak. Laundry — 9 1 0 6 N.Z. Draff 3 7 — fl N.Z. Fertilizer .. 0 19 0 0 19 N.Z, Newspapers.. — 1 15 6 North. Roller Mill. (ord.j Ditto (pref.) .. 0 19 1 1 fl 0 1 1 0 Palmer. Collins 4 Whitaker I 11 0 1 4 0 Peters Ice (N.Z.) — Radio (193G) — 0 19 0 0 Reid Rubber — 3 I 6 Robinson Ice 1 2 — 0 Sanford (ord.) .. — 0 5 Ditto (pref.) .. — 0 15 fl 0 8 0 Shurland (pref.) .. 0 15 9 1 0 0 14 1 3 Taranaki Oil Fields 0 14 6 Union Oil — 0 Wairakei 0 (5 1 0 0 10 fl 9 0 fl Whittorne-Stevenson — Wilsons Cement 0 10 3 Woolworths (N.Z.) 1 o 4 1 1 1 0 Ditto (Syd.) •. ' Ditto (Syd., 2nd pref.) 1 0 5 1 7 0 1 8 3 -OVERSEAS LISTINGS Woolworths Hldtrs. d 15 0 15 9 (S. Africa) .. 5 N.Z. GOVT. LOANS Bonds— 103 0 15/2/43-4'), 4 .. — 0 0 15/4/4G-49, 4, . . — 103 0 15/6/52.515. .1 .. : Rural, 1579/47. 5 101 17 G 103 0 0 — 103 0 0 Stock—' 97 10 0 15/7/30-41, 3 . . 97 0 0 15/1/53-57. 3% 97 0 0 97 7 fl 15/2/43-10. 4 . . 102 0 0 103 0 0 15/4/46-49.4 .. — 102 15 0 15/6/52-55, 4 . . 101. 17 G 102 7 G 15/9/41-43, SV 2 100 5 0 101 o 0 Mar.. 39-43. 3% 100 0 0 0 Nov., 38-52, 3Yf : Sep., 39-43, 3Va ] 101 0 0 101 10 100 0 0 — Com'wealth Bonds. 0 103 10 0 15/8/50, 4 . . 102 10 DEBENTURES Alt. Harbour Bd.. 9/7/40 . . 101 10 0 — Ditto. 9/7/49 . . 104 10 0 — 0 D'tto, 9/7/59 . . — 107 10 Ditto, 9/7/il0 . . — 108 0 0 Mt. Albert, i/7/07 — 107 0 0 Ditto. 10(1 10 0 Mt. Roskill, 30/f)/03 — 105 10 0 Amal. Bride (Ak.), 100 0 0 1/3/44, 0 .. 97 0 0 Ditto fWglon.), 96 0 31/3/44, 0 . . 0 — Gisborne Sheepfarmers, 31/8/41, GVa 101 0 0 '