COMMERCE AND FINANCE

Otago Daily Times, Issue 23689, 22 December 1938, Page 15

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS

THE SHARE MARKET DUNEDIN STOCK EXCHANGE CHIEF INTEREST IN AUSTRALIAN SCRIP LITTLE CHANGE IN VALUES Little change in price levels was seen on the Dunedin Stock Exchange yesterday afternoon, but the demand for leading Commonwealth industrials and Australian mining enterprises was well maintained. Turnover for the day was limited to three transactions. Banking shares were not well supported, but values for the lines quoted were virtually unchanged. Insurances, shipping, and meat preserving scrip were the dull sections again.

Although a few more sellers of Commonwealth industrials entered the market, they wanted prices that were far beyond buyers' limits. Australian Glass. British Tobaccos. G. J. Coles, and Sydney Woolworths were the most sought after shares. Sydney Woolworths had a reported sale at the previous day's price of £1 Is 10d. A slight advance on the previous offer for New Zealand Breweries failed to arouse any interest among sellers, who kept off the market. Australian mining scrip received fair support, and Mount Lyells and Mount Morgans finished appreciably firmer. YESTERDAY'S TRANSACTIONS Sales on 'Change AFTERNOON CALL" £ s. a. Macduffs (ord.) 0 2 6 Sales Reported Mount Lyell (late Tuesday) .. 18 6 Woolworths (Sydney) 1 1 10 LATEST QUOTATIONS The following are yesterday afternoon's huying and selling quotations, which are subject to the usual brokerage:— GOVERNMENT LOANS

AUSTRALIAN MINING Broken Hill South (ss) 180 Electrolytic Zinc (ord.; £1) 2 5 9 Emperor (10s) .... 010 0 Mount Lyell (£1) .. 18 4 19 2 Mount Morgan (2s Gd) 010 1 010 4 North Broken Hill (ss) - 296 **Ex dividend. DIVIDENDS PAYABLE The following is a list of shares on which dividends will shortly be ableSulphide Corporation—Pref., Is (sterling) per share .. To-day Morris, Hedstrom, Fiji—lnterim, 3 p.c Dec. 31 R. and E. Tingey, Ltd.—lnterim, half-year 3 p.c. .. Dec. 31 British Tobacco —Final, ord. at 10 p.c. per annum, and interim 2 p.c Dec. 31 Zinc Corporation second fixed pref., 2s a share; int. participating pref. and ord., Is 6d a share; both less tax Jan. 2 National Bank of New Zealand, Ltd.—lnterim 2\ p.c. less U.K. income tax .. Jan. 4 Wellington Woollen Company—lnterim 2\ p.c, ord. and preference shares .. Jan. 5 Woolworths Properties, Ltd.— Interim half-yearly at 6 p.c. per annum Jan. 15 National Tobacco—ord., 10 p.c; pref., 8 p.c Jan. 31 CALLS PAYABLE The following is a list of shares on which calls will shortly be payable: — N.Z. Paper Mills—New, 5s a share, making £ 1 paid .. Dec. 31 NORTHERN EXCHANGES AUCKLAND

NEW YORK STOCK EXCHANGE • United Press Association) (By Electrir Telegraph -Copynani' NEW YORK, Dec. 20. The Stock Exchange turnover was 940.000 shares. PRICE OF FINE GOLD (United Press Association) (By Electric Telegraph—Copyright I LONDON, Dec. 20. £ s. d. December 20 .. .. 7 810 December 19 .... 7 8 8 December 17 .. .. 7 811 December 15 .... 7 8 8 December 14 .... 7 9 0 . December 13 .... V 9 1J December 12 .. .. 7 8 10£ December 9 .... 7 9 0 December 8 .. .. 7 811 December 7 .... 7 8 5 December 5 .... 7 8 0 December 2 .... 7 8 7J December 1 .... 7 8 6^ November 30 .... 7 9 1 November 29 .. ..793 BUTTER MARKET (United Press Association) (By Electric Telegraph—Copyright ;> LONDON, Dec. 20. Butter is steady. New Zealand: Choicest salted, Ills; unsalted, none offering. Australian: Salted. 108 s; unsalted. Ills. GRAIN STOCKS DOMINION SURVEY TAKEN <Peh United Press Association) WELLINGTON. Dec. 21. The classes of stocks of flour, wheat. and oats in the Dominion was taken by the Government Statistician on November 30. 1938, when the following 1 quantities were returned: — ' Flour. 14.627 tons: wheat. 2.192.246 1 bushels, including 2.02.5.613 bushels of milling wheat: oats in grain. 863,468 bushels. The returns were received covering all stocks owned or stored by the millers, merchants, and farmers in the Dominion with a few unimportant exceptions which would not appreciatively affect the totals given. RESERVE BANK RETURN NOT PUBLISHED

'Pen United Press Association) WELLINGTON, Dec. 21. No Reserve Bank return was published in to-night's Gazette.

' Buye r. Sellei — £ s d £ S d 34 p.q. Stock. March, 1939-43 .. ..... , 97 10 0 sj p.c Stock Sept., 1939-43 97 10 0 3 p.c. Bonds, 1939-41 .. 95 0 0 4 p.c. Stock, 1943-46 .. 98 15 0 4 p.c. Stock, 1946-49 .. 98 0 0 4 p.c. Bonds, 1952-55 .. 96 15 0 ' ■» . Rural Bonds .. — 98 15 0 MINING Austral New Zealand 1 2 0 — 0 2 0 Big River (Is) ...... 0 0 11 Clutha River (2s) 0 2 6 Goldfields Dredging . 0 0 3 Nokomai (5s) .. ., 0 1 4 Sandhills (Is) .. .. 0 0 12 0 0 21 Waltahu (5s) .. ..' 0 0 8 0 1 0 BANKING N.S.W. (£20) .... 30 0 0 32 0 0 New Zealand (£1) .. 1 19 6 Commercial (10s) 0 16 7 E.S. and A. (£3) .. 5 11 0 Natl, of N.Z. (£2 10s) 2 11 0 Union (£5; .. .. ,8 11 0 — INSURANCE National (7s) .. .. 0 15 6 New Zealand (£1) .. , 2 11 6 South British (10s) .. 2 1 9 Standard (£1) .. .. 2 10 6 — SHIPPING P. and O. Def. Stock , i ■- (£1) .. .. .. .. 1 11 6 U.S.S., Co. (pre*.; £1) —. 1 6 0 ■'•■' MKA/J PRESERVING N.Z. Refrig. (cont.; 10s) — 0 8 0 South. Froz. Meat (paid; £1) .. .. — 1 10 0 WOOLLEN COMPANIES ! Bruce (ord,; £1) 0 6 0 ■ Oamaru (£1) .. ... 0 10 0 — LOAN ANO AGENCY Goldsbrough, Mort (£1) — 1 10 0 Trustees, Executors (£3) 4 0 0 — COAL AND OIL Westport (10s) .. .. _ 1 2 0 Moturoa Oil (pref.; — 0 5 0 Taranakl Oil (£1 4s 7d) 0 10 0 — MISCELLANEOUS Associated News (£1) **1 1 0 ' Associated News (pref.; £1) .. .. 1 3 0 — Australian Glass (£1) 5 5 0 5 10 0 Aust. iron and Steel (pref.; £1) .. .. 1 8 0 — British Tobacco (£1) 2 8 0 2 11 0 Broken Hill Pty. (£1) — 2 18 6 Brown. Ewlng (ord.; £1) .. .. ... .. — 0 18 6 Brown, Ewing (pref.; £1) — 1 1 6 Crystal Ice (£1) .. 1 16 0 — D.I.C. (pref.; £1) .. — 1 3 3 Stock Exchange Prop. (£1) , — 2 3 0 Dunlop Perdriau Rub1 1 0 — G. J. Coles (£1) .. 4 1 6 4 2 6 MacDuffs (ord.) .. .. — 0 3 0 Milburn Lime (£1) — 1 14 0 N.Z. Drug Co. (£2) .. — 3 5 0 N.Z. Paper Mills (£1) — 1 1 9 Otago Daily Times (£1) — 2 2 6 Smith and Smith (pref.; £1) ' .. i. — t 1 2 0 Woolworths (Sydney; 1 1 8 — BREWERIES N.Z. Breweries (£1) 1 18 1 _ Dunedin (£1) .. .. — 1 5 d

Sales on 'Change 4 £ s d Stock, 1953-57, 3£ p.c. .. 91 0 o' Stock. 1939-43. 3£ p.c. .. 97 2 6 Stock, 1952-55. 4 p.c. 96 5 0 Bank of New Zealand (2) .. 2 0 0 New Zealand Insurance .. 2 11 0 Westport Stockton (ord.) .. 0 3 8 Northern Steam (paid) 0 3 6 2 16 9 5 7 6 2 10 6 Broken Hill. Pty 2 18 0 48 5 0 Electrolytic Zinc (pref.) .. 2 10 0 Farmers' Trading 0 18 4 Imperial Chemicals (pref.) 1 4 0 0 2 6 0 2 3 0 14 0 Woolworths (Sydney) 1 2 0 (2) 1 1 10 0 11 3 Waihi Investments .. 0 8 3 Woolworths Holdings (South Africa; 2) .. .... .. 0 15 1 WELLINGTON Sales on 'Change N.Z. Breweries (late Tues1 18 0 Electrolytic Zinc (pref.; late 2 10 0 Broken Hill Pty. (late Tuesday; 2) 2 18 0 Woolworths. Ltd. (ord.; late 1 1 11 New Zealand Breweries .. 1 18 0 8 13 6 5 7 6 Electrolytic Zinc (pref.) .. 2 10 0 0 9 8 CHRISTCHURCH Sales on 'Change N.Z. Govt. Inscr., 1943-46, 97 5 0 Comm. Bank of Australia .. 0 16 3 National Bank of N.Z. (cum 2 10 0 New Zealand Breweries .. 1 18 1 2 10 6 2 9 7 2 17 7 2 17 6 Dunlop Ribber (2) .... 1 1 3 Mount Morgan (2) .. .. 0 10 0 0 10 1 (2) 0 10 3 0 10 3J 0 18 0 0 17 10 0 17 4 (2) 0 17 3 0 17 2 0 17 0 0 17 01 Sales Reported Comm. Bank of Sydney (late Tuesday; 2) .. .. 1 1 10 Union Bank (2) 8 13 0 Farmers' Trading (odd lot) 0 18 3 Grey 0 6 6 Westport - Stockton Coal 0 7 0 Broken Hill Pty. (late Tuesday; 2) 2 17 7 Mount Lyell (late Tuesday) 1 8 11