COMMERCIAL

Southland Times, Issue 22813, 12 February 1936, Page 2

COMMERCIAL

SHARE MARKET

INVERCARGILL STOCK EXCHANGE MORE ACTIVITY IN MINING SECTION The demand for banking shares continued at yesterday’s call-over on the Invercargill Stock Exchange, and there was a little more activity in the mining section. A parcel of Skippers changed hands at 2id. Prices were quoted as follows: — Government Debentures.

Sale Reported. Skippers, NORTHERN EXCHANGES. (Per United Press Association.) Auckland, February 11. Sales on ’Change.—Bonds 1952-55, 4 per cent., £lO4 15/-; Commercial Bank of Australia 19/1; E. S. and A. Bank (2) £6 5/3; National Bank of New Zealand 77/- (2); Bank of New South Wales £34 10/-; Kauri Timber 24/7; Broken Hill Proprietary 59/6; Electrolytic Zinc (pref.) 39/-; Farmers’ Trading (B pref.) 15/9; G. J. Coles 77/3; Wilson’s Cement 47/9; Woolworths (N.Z. pref.) 38/6; Waihi Investment 14/-; Mt Morgan 18/3; Woolworths (Sydney) £6 9/6. . Wellington, February 11, Sales on ’Change.—lnscribed Stock 4 per cent. (1946) £lO4 15/- (1949), £lO4 7/6, £lO4 12/6 (both late Monday) £lO4 12/6, £lO4 15/-; Commercial Bank of Australia 19/2 (late Monday) 19/2; E. S. and. A. Bank £6 5/-; Bank of New Zealand 49/3 (3) (late Monday) 49/5; Union Bank £9 17/- (2), £9 18/-; Mortgage Corporation 4/10; Auckland Gas 25/8; N.£. Insurance 64/6; N.Z. Refrigerating 22/3, 22/4; Kauri Timber 24/6; Staple’s Brewery 36/- (2); British Tobacco 41/11, 42/- (2) (late Monday), 42/11, 41/11; Broken Hill Proprietary 59/9; Electrolytic Zinc 35/11, 36/- (late Monday). Unofficial.—Woolworths (Sydney) £6 9/6 (7), £6 9/3; Macduff (pref.) 22/3. Christchurch, February 11. Sales on ’Change, unlisted stocks.— Woolworths, Sydney (ord.) £6 9/6, £6 9/3, £6 9/6. Sales reported.—Woolworths (Western Australia) £9 10/-. Sales on ’Change, listed stocks.—New Zealand Government 4 per cent. Inscribed (1937-40) £lOl 10/-; Commercial Bank of Australia 19/2 (2); New Zealand Refrigerating (£1 paid, cum ■div.) 22/5 (2); New Zealand Refrigerating (10/- paid, cum div.) 10/10 (4); Anthony Hordern 21/1 (2); British Tobacco 42/-; Broken Hill Proprietary (cont.) 29/1 (2); Dunlop Perdriau Rubber 15/11, 15/10; Electrolytic Zinc (ord. cum div.) 35/9; G. J. Coles 77/6 (2); Kauri Timber 24/7 (3); United Provisions 14/11; Woolworths, New Zealand (ord.) £5 16/-; Antonio’s Hydraulic 7M; Mount Lyell 23/3; Nevis Diesel Electric Id (5). Sales reported.—New Zealand Government 4 per cent. Inscribed (1937-40) £lOl 15/-; National Bank of Australasia (£5 paid) £7 11/-; National Insurance 19/1, 19/3; New Zealand Refrigerating (10/- paid, cum div.) 11/—

10/10 (2); Westport Stockton Coal 1/6) New Zealand Breweries 53/6; Broken Hill Proprietary 59/6 (7); Dunlop Rubber 15/10, 15/11; Electrolytic Zinc (ord., cum div.) 36/-; Electrolytic Zinc (pref.. cum div.) 39/-; G. J. Coles 77/9; Hume Pipe (Australia) 16/11; Mount Lyell 23/3 (3), 23/2 (2). Dunedin, February 11. Sales on ’Change: E. S. and A. Bank £6 5/3 (late Monday); National Insurance 19/-; Milburn Lime £2 5/-; Woolworths (ord.) £5 17/-; Northern Roller Mills £1 12/9. SYDNEY STOCK EXCHANGE. STRONG FRONT TO MARKET. (United Press Assn.—Telegraph Copyright.) •(Rec. 9 p.m.) Sydney, February 11. Though there was evidence here and there of a little profit-taking, the investment market to-day presented a strong front. Toohey’s Brewery shares went ahead, banks were steady and Commonwealth bonds were firm. Sales were:—

FOREIGN EXCHANGES. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, February 10. The following mean closing rates of foreign exchanges were quoted to-day compared with par:— Par. To-day. Paris, fr. to £ 124.21 74 63-64 New York, dol. to £ 4.886 5.01 9-16 Montreal, dol. to £ 4.886 5.00 g Brussels, belgas to £ 35 29.40 Geneva, fr. to £ 25.221 15.52 Amsterdam, fl. to £ 12.107 7.29 J. Milan, lira to £ 20.43 62 3-16 Berlin, rmk to £ 24.42 12.301 Stockholm, kr. to £ 18.159 19.391 Copenhagen, kr. to £ 18.159 23.391 Oslo, kr. to £ 19.159 19.091 Vienna, schgs. to £ 34.585 25J Prague, kr. to £ 164.25 119 7-16 Helsingfors, m. to £ 103.23 227 Madrid, pesetas to £ 22.2215 36 3-16 Lisbon, escudos to £ HO 110 3-8 Athens, dr. to £ 875 519 Bucharest, lei to £ 318.6 668 Belgrade, dinars 275.31 217 Rio de Janeiro, p. to milreis 8.892 4J Buenos Aires, p. to dol. 45.577 15 Montevideo, p. to dol. 57 39j Bombay, p. to rupee 10 16 1-8 Shanghai, p. to dol. 12 Hong Kong, p. to dol. 15 S-S" 5 Yokohama, p. to yen 24.57 12 Batavia 7 - 26 s FOREIGN EXCHANGES. ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales quoted the following rates for its purchases and sales on overseas currencies yesterday (all rates subjected to alteration without notice) :—

STANDARD INSURANCE COMPANY. DIVIDEND DECLARED. (Per United Press Association.) Dunedin, February 11. At a meeting of directors of the Standard Insurance Co., Ltd., it was decided to declare a dividend of one shilling and threepence per share for the half-year ended December 31 last, payable on March 2.

Buyers. Sellers. £ s. d. £ s. d. Stock, 31 p.c., 1933-43 102 10 0 Stock, 3| p.c., 1938-52 102 10 0 Stock, 3J p.c., 1939-43 102 10 0 Stock, 31 p.c., 1939-52 102 10 0 Stock, 4 p.c., 1940 101 0 0 —— Bonds, 4 p.c., 1940 101 0 0 — Stock, 4 p.c., 1945 104 12 6 ■ I ■ Bonds, 4 p.c., 1946 104 12 6 — Banks. Australasia 12 0 0 ■■ Commercial 0 18 11 National of Australasia 7 10 0 National of New Zealand 3 14 6 — New South Wales ■ 34 15 0 New Zealand 2 8 6 —— Reserve Bank ol New Zealand 5 14 0. Union of Australia 9 15 0 — Breweries. New Zealand Brev. eries (Shares) 2 13 0 2 13 6 Timaru Brewery 0 9 2 — — 4, Coal. Kaitangata 1 2 0 — Westport Coal 1 3 3 Insurance. National 0 18 8 — New Zealand 3 3 6 — Loan and Agency. Goldsbrough Mort and Co. 1 13 1 Mortgage Corporation 0 4 8 0 5 0 Wright, Stephenson and Co. (pref.) - .. 1 0 0 (ord.) 0 17 0 0 18 3 Meat Companies. N.Z. Refrigerating (20/- paid) 1 2 3 —-— (10/- paid) 0 10 10 0 11 0 Southland Frozen Meat (£1 ord.) — 4 0 0 ' (10/- ord.) .. . - — 2 0 0 (£1 pref.) — 4 0 0 South Otago Freezing Co. 7 10 0 — Shipping. Union Steam Ship Co. (pref.) 1 6 0 P. & O. Stock 1 5 0 — Miscellaneous. Associated News 1 2 6 British Tobacco (Aust.) 2 1 6 —" — Colonial Sugar Co. 43 10 0 11 ■” Electrolytic Zinc (ord.) 1 15 6 1 16 b Broken Hill 2 19 0 - Dominion Fertilizer 1 4 0 1 4 b Milbum Lime and Cement 2 4 6 — New Zealand Drug —- .. — — 4 1 9 N.Z. Fanners Ferti lizers 1 0 6 N.Z. Guarantee Corporation 0 5 2 — N.Z. Paper Mills 1 .10 3 Woolworths (Sydney) 6 9 0 — Woollen Mills Bruce (pref.) 1 1 6 — Kaiapoi- (pref.) — 0 18 0 Mosgiel 10 5 0 — Oamaru — 1 2 0 Mining. Bendigo Goldlight — 0 0 3 Big River ■ 1. ■— 0 2 1 Gillespie’s Beach 0 0 11 0 1 0 Goldfields Dredging 0 0 3 0 0 G King Solomon 0 3 4 0 3 7 Mount Lyell 1 2 9 1 3 6 Mount Morgan 0 18 1 0 18 4 Nokomai — — , — 0 2 6 Skippers 0 0 21 0 0 31 Waitahu 0 2 6 Waipapa Beach 0 1 7 Junction Reward ■ 0 1 3 Mount David - 0 1 6

£ s d Bank of New South Wales 34 17 6 Commercial Bank of Sydney 20 12 0 Commercial Bang of Australia. 19 9 Queensland National Bank 5 16 0 Colonial Sugar 43 7 6 United Insurance 12 0 0 Associated News 1 3 0 Associated News (pref.) 1 4 0 Automatic Totalisators 1 1 0 Howard Smith 18 101 Australian Gas (A) 8 1 6 Berlei 1 16 0 British Tobacco 2 2 3 Tooth’s Brewery 2 13 3 Toohey’s Brewery 1 12 4iG. J. Coles 3 18 0 Australian Glass 4 7 9 Goldsbrough Mort 1 13 3 Winchcombe and Carson 1 12 6 Wilcox and Mofflin 11 10 Morris Hedstrom 1 5 0 Greater J. D. Williams 8 10 Milliquin Sugar 1 15 9 Electrolytic Zinc (pref.) 1 19 3 Standard Cement 1 3 6 Woolworth’s (second pref.) 1 6 41 Victoria Nyanza 9 8 Mauri Brothers 2 15 0 Hume Pipe 17 0 Peter’s Ice 2 2 6 Kandos 1 6 6 Sargent’s 1 5 10J J. Stedman 17 10£ Mark Foy 1 5 6 R. H. Gordon 2 17 6 Wunderlich 1 3 0 Emperor 14 3 Mount Lyell 1 3 3 North Broken Hill 7 12 6 Kuala Kampar 14 5 Melbourne Sales. Commercial Bank of Australia 19 6 Australian Cement 1 13 0 Electrolytic Zinc 1 16 0 G. J. Coles 3 17 6 Hoyts (A pref.) 19 10 Yellow Express 5 6 Mount Lyell 1 3 14 Enterprise 3 15 0 Emperor 14 5 Loloma 1 4 9 —■

New Zealand on Buying Selling London— f.N.Z. to £100stg T.T. 124 124/10/O.D. 123/10/124/8/9 Australia— £A to £100 N.Z. T.T. 101 100/10/O.D. 101 100/10/Fiji— £F to £100 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dollars to £1 N.Z. T.T. 4.05 7-8 4.02 O.D. 4.07 1-8 4.02¥ 2 Montreal— 4.04’4 4.01’4 4.01’4 Dollars to £1 N.Z. T.T. O.D. 4.06 France — 60.79 59.96 Francs to £1 N.Z. T.T. O.D. 61.24 60.00 Noumea — 62.59 58.59 Francs to £1 N.Z. T.T. O.D. 63.04 58.65 Papeete— Francs to £1 N.Z. T.T. 62.59 58.74 O.D. 63.04 58.80 Belgium— Beigas to £1 N.Z. T.T. O.D. 23.486 23.497 Germany— Reichmarks t< £1 9.813 N.Z. T.T. •— O.D. —— 9.818 Italy— N.Z. T.T. Lire to £ 1 —— —— O.D. ■ Switzerland — 12.347 12.077 Francs to £1 N.Z. T.T. O.D. 12.452 12.082 Holland— 5.961 5.811 Florins to £1 N.Z. T.T. O.D. 6.021 5.815 Java. — 5.777 Florins to £1 N.Z. T.T. 5.937 O.D. 5.997 5.781 Japan— N.Z. pence to 1 T.T 17 37-64 O.D. — 17 9-16 Shanghai— N.Z. pence to dollar 1 T.T. 17 17-64 18 41-64 O.D. 17 5-64 18 5-8 India and Ceylon— N.Z. pence to rupee 1 T.T. O.D. 22 9-64 22 3-64 22 57-64 22 7-8 Hong Kong— N.Z. pence to 1 O.D. 18 23-32 20 17-32 dollar T.T. 18 13-16 20 9-16 Singapore— N.Z. pence to dollar 1 T.T. 34 25-64 35 29-64 O.D. 34 13-64 35 7-16 Sweden — Kroner to £1 N.Z. T.T. 15.785 15.490 O.D. 15.845 15500 Norway— Kroner to £1 N.Z. T.T. 16.185 15.895 O.D. 16.245 15.905 Denmark — 18.203 17.893 Kroner to £1 N.Z. T.T. OJJ. 18.263 17.903 Austria — Schillings to £1 20.77 N.Z. T.T. O.D. •—■ 20.79 Czechoslovakia— 95.06 Crowns to £1 N.Z. T.T. —» O.D. — 95.11