COMMERCIAL

Southland Times, Issue 23026, 21 October 1936, Page 3

COMMERCIAL

SHARE MARKET INVERCARGILL STOCK EXCHANGE Sales of Shillings, Ltd., at £1 1/6 and Selfridges (Aust.) at £1 14/- were reported at yesterday’s call-over on the Invercargill Stock Exchange. Quotations were as follows:— Government Debentures.

Sales Reported. Shillings, Ltd., £ll/6. Selfridges (Aust.), £1 14/-. northern exchanges SALES ON ’CHANGE AUCKLAND. ,E s d

SYDNEY STOCK EXCHANGE INVESTMENT SHARES STRONGLY SUPPORTED. (United Press Assn.—Telegraph Copyright.) (Rec. 9.0 p.m.) Sydney, October 20. Investment shares were strongly supported on the Stock Exchange to-day, and Broken Hills touched new high levels.

G. J. COLES & CO. CIRCULAR TO SHAREHOLDERS. (United Press Association.) Wellington, October 20. Cabled advice has been received by tlie New Zealand Stock Exchange Association that a circular has been issued to the shareholders of G. J. Coles and Company recommending the appointments of Sir Walter Leitch and Mr J. M. Macfarlane to the directorate at a salary of £4OO a year. The circular adds that the mutual confidence which formerly existed between the directors has now been restored and the divergent views had occurred purely on matters of policy, there being no allegation that either Mr A. W. Coles or Mr F. P. Derham were parties to any illegal or improper conduct. The circular was issued by Mr G. J. Coles, chairman of directors of G. J. Coles and Company Ltd. MINING RETURNS MOSSY CREEK AND NEMONA. (United Press Association.) Wellington, October 20. The following telegraphed mining returns have been received bj the New Zealand Stock Exchange Association:— Mossy Creek. —460 z 3dwt from 8372 yards for 123 hours. Nemona. —240 z 4dwt for 136 hours. THE WHEAT MARKET CARGOES AND PARCELS QUIET. (United Press Assn.—Telegrapn Copyright.) (Rec. 5.5 p.m.) London, October 19. Wheat cargoes are quieter, and prices are quiet. January, 40/BJ. Liverpool: October, 8/7; December, 8/SJ; March, 7/10J; May, 7/10. Chicago: December, 114 g cents; May, 113 g; July, 98|. THE WOOL~MARKET BRADFORD TOPS FIRM. (United Press Assn.—Telegraph Copyright.) London, October 19. The Bradford tops market is firm at fully late rates. Fine crossbreds are selling freely, being temporarily scarce, while yarns are firm, spinners being better employed. FOREIGN EXCHANGES (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, October 19. The following mean closing rates of foreign exchanges were quoted to-day compared with par:— Par. To-day. Paris, fr. to £ — 104 61-64 New York, dol. to £ 4.886 4.88 7-16 Montreal, dol. to £ 4.886 4.88% Brussels, belgas to £ 35 24.03 Geneva, fr. to £ 25.221 21.27 Milan, lira to £ 20.43 92 27-32 Berlin, rink, to £ 24.42 12.14 Stockholm, kr. to £ 18.159 22.40 Copenhagen, kr. to £ 18.159 22.00 Oslo fr to £ 19.159 19.90 Vienna, schgs to £ 34.585 26% Prague, kr. to £ ' 164.2 a 138 13-16 Helsingfors, n. to £ 103.23 227 Madrid, pesetas to £ 22.15 50.55% Lisbon, escudos to £ 110 100 3-16 Athens, dr. to £ 875 550 Bucharest, lei to £ 218.6 670

METAL MARKET (United Press*'Assn.—Telegraph Copyright.) (Rec. 5.5 p.m.) London, October 3 Metals are quoted as follows:—

DUTCH BANK RATE REDUCED (United Press Assn.—Telegraph Copyright.) Amsterdam, October 19. The Dutch bank rate has been reduced from 3 per cent to 2| per cent. THE PRICEOF GOLD (United Press Assn.—Telegraph Copyright.) (Rec. 5.5 p.m.) London, October 19. The price of gold is £7 2/4£ an ounce.

Mr Samuel Reid, an Edinburgh motor agent, while flying over his native Orkney Islands observed a sheep in distress on the cliff face at Mull Head, Deerness. Knowing where it belonged, he dropped a note, which resulted in the farmer rescuing his animat

Buyers. £ s. d. Sellers. £ ; s. d. Stock, 3' p.c., 1938-52 104 0 0 — Stock, 3J p.c.. 1939-43 101 12 6 — Stock, 4 p.c., 1940 — 100 15 0 Stock, 34 p.c.. 1938-52 104 0 0 —-— Stock, 4 p.c., 1946 104 0 0 ... Bonds, 4 p.c., 1946 104 0 0 — Stock, 4 p.c., 1949 103 5 0 — Bonds, 4 p.c., 1949 103 5 0 — Stock, 4 p.c., 1955 105 5 0 —— Bonds, 4 p.c., 1955 105 5 0 — Banks. Commercial 0 18 3 — National ot New Zealand — 3 0 6 Nev/ South Wales 33 0 0 — New Zealand 2 1 0 — Union of Australia — 9 11 0 Breweries. N.Z. Breweries 2 10 0 2 12 0 Tooth’s Brewery 2 16 0 — Coak Westport Coal — 1 3 0 insurance. National — 0 19 0 South British 4 9 0 4 11 0 Standard 3 2 0 Loan ant 1 Agency. Dalgety and Co., 8 17 0 — Goldsbrough, Mort and Co. 1 14 0 - — National Mortgage 2 11 0 Perpetual Trustees (Dunedin) 3 4 0 Wright, Stephenson (ord.) 0 18 0 0 19 0 (pref.) — 0 19 6 Meat Companies. N.Z. Refrigerating(20/- paid) 0 19 0 Shipping. Union Steam Ship Co. (pref.) 1 6 0 1 6 9 P. and O. Stock 1 Woollen Mills. Bruce (ord.) — 0 14 6 Kaiapoi (cont.) ' 1 U b 3 frltaUSBIJOUS. Associated News (pref.) 1 o Australian Glass — 4 13 3 Broken Hill Pty. 3 18 0 British Tobacco (Aust.) 2 6 0 2 7 3 D.I.C. (ord.) U ID (uref.) 1 3 0 Dominion Fertilizer 1 4 3 1 5 0 Dominion Rubber Co. 1 5 0 Donaghy’s Rope and Twine 2 11 0 Dunlop Rubber (Aust.) — ■— U 10 0 Hume Pipe (Aust.) 0 19 2 — Milburn Lime and Cement 2 3 0 N.Z. Paper Mills 1 10 0 Otago Daily Times 2 6 0 Woolworths (N.Z.) — 6 6 0 Mlffllag. Big River 0 1 9 0 2 1 Electrolytic Zinc— (ord.) 2 6 6 2 7 6 (pref.) 2 8 0 2 8 9 Gillespie’s Beach 0 1 5 0 1 6i Goldfields Dredging .... 0 0 3 King Solomon 0 0 6 0 0 10 Mount Lyell 1 12 6 1 12 10 Mount Morgans 0 14 1 0 14 3 Nokomai 0 2 0 0 3 0 Okarito - — 0 4 3 Waitahu 0 1 9 0 2 0 Waimumu 0 0 10 Waipapa 0 0 7 0 0 10 Unlbted. Woolworths (Sydney) 5 17 0 6 0 0 Shillings Ltd., 1 1 8

Bonds 1940 4 p.c. 100 10 0 Stock 1939-43 3‘/a p.c. 102 0 0 do. 1939-43 3>/ 2 p.c. 102 0 0 do. 102 2 6 do. 1946 4 p.c. 104 0 0 do. 1949 4 p.c. 104 0 0 do. 1949 4 p.c. : 104 0 0 Amalgamated Brick (Auck.) 1944 7 p.O. 99 15 0 Commercial Bank of Australia 18 5 do. (pref.) (2) 9 3 0 Bank of New South Wales 33 15 0 Bank of New Zealand (2) 2 2 6 South British (2) 4 10 6 Auckland Gas (cont.) 16 0 Devonport Ferry 1 1 0 National Timber (2) 13 3 Rotoiti Timber 6 3 New Zealand Breweries (2) 2 10 7 Tooth’s 2 16 6 Australian Glass 4 15 3 Australian Steel (pref.) 1 6 3 Broken Hill Propty. (rights) 2 8 D.I.C. 16 0 Dunlop Perdriau 17 11 Electrolytic Zinc 2 7 9 Farmers’ Trading (2) 18 11 G. J. Coles (rights) 1 15 0 Macky Logan (2) 1 2 3 Morts Dock 11 11 Komata Reefs 7 0 Waihi Investment 9 4 Broken Hill South 6 17 0 Rawang Tin 9 5 Unofficial. Tiproffi 1 11 0 Woolworths (Syd.) 5 18 6 do. 5 17 6 do. 5 17 3 WELLINGTON. £ s d Broken Hill Propty. (Mon.) 3 18 9 do. 3 19 3 3>i p.c. Inscribed Stock 1938-52 104 7 6 National Bank of New Zealand 3 0 0 Commercial Bank of Australia 18 5 Bank of New Zealand 2 2 0 Wellington Gas 1 17 6 Electrolytic Zinc 2 7 0 Electrolytic Zinc 2 7 9 do. (pref.) 2 8 11 Broken Hill South 6 16 6 Waihi Investments 9 4 Mount Lyell (2) 1 13 0 National Electric 15 0 Unofficial. Woolworths (Sydney) 5 18 3 do 5 17 6 CHRISTCHURCH. £ s d Commercial Bank of Australia (2) 18 4 N.Z. Refrigerating (10/- paid) (2) 9 7 Christchurch Gas (2) 1 8 0 New Zealand Breweries 2 10 10 do. 2 10 9 Anthony Hordern 18 7 Australian Glass 4 15 6 British Tobacco (2) 2 7 3 Broken Hill Propty. (cum. div.) 3 18 7 do. 3 18 8 do. 3 18 7 do. 4 0 6

Electrolytic Zinc (ord.) 2 7 9 General Industries 19 3 Henry. Jones Co-op. 2 5 3 Hume Pipe (Australia) (4) 19 7 New Zealand Newspapers (cum. div.) 1 19 3 Mossy Creek 1 3'/ 2 do. 1 4 Mount Lyell (8) 1 13 1 do. (3) 1 13 5 do. (2) 1 13 6 Mount Morgan 14 7 Sales Reported. Goldsbrough Mort (Monday) (2) 1 14 2 New Zealand Breweries 2 10 7 Broken Hill Propty. (cum. div.) (15/- paid) (Monday) 2 19 3 Hume Pipe (Aust.) 19 7 Kauri Timber 1 4 10 do. 1 9 New Zealand Newspapers (cum. div.) 1 19 9 Mount Lyell 1 12 10 Mount Morgan 14 ;; Rawang Tin 9 4 Sales on ’Change. Unlisted. New River 7’/ 2 Shillings (£1 paid) 1 1 0 do. 1 1 3 do. 1 1 1 Sales Reported. Woolworths (Sydney, (ord.) •» 18 6 DUNEDIN. .£ s d Bank of New Zealand (2) 2 Ls 0 Union Steam Ship Co. (pref.) J 6 6 Dunlop Perdriau Rubber 17 10 Mount Lyell 1 13 ,; Mount Morgan 14 6 do. (2) 148 3>i p.c. Stock 1939-13 102 - 6 4 p.c. Bonds 1946-49 103 0 4 p.c. Stock 1946-49 103 a 0 Unlisted. Woolworths (Syd.) a 17 0

Sales £ s d Bank of New South Wales 35 7 6 Commercial Banking of Sydney20 10 0 Union Bank 9 12 6 Colonial Sugar 43 15 0 United Insurance 11 10 0 Associated Newspapers 1 . > 6 Australian Gas (A) 7 7 0 British Tobacco 2 8 3 Tooth's Brewery 2 1G 9 Carlton Brewery 3 8 0 Drug Houses 1 9 3 Australian Glass 4 1G 6 Goldsbrough Mort 1 14 7>/ 2 Wilcox Mofflin 10 8 Electrolytic Zinc 2 8 6 Lustre 1 5 0 Amalgamated Wireless (contrib.) 2 2 6 Mauri Brothers 3 7 6 Waldas Shoes (New Zealand delivery) 9 0 0 Wunderlich 1 3 0 Woolworths— Buyer 5 15 0 Seller 5 19 6 Edwards Dunlop 2 4 6 Mount Morgan 14 11 Mount Lyell 1 13 10 >/ 2 Broken Hill Propty. 4 1 3 Broken Hill Propty. (new) 3 1 3 South Broken Hill 6 19 0 Zinc Corporation 4 19 6 Mandated Alluvials 16 0 Emperor 16 4'/ 2 Melbourne Sales. Industrials were firm, barriers were strong and bonds were easier. Sales:— £ s d Commercial Bank of Australia 18 8 National Bank (£10 paid) 14 15 0 Carlton Brewery 3 9 9 G. J. Coles 3 17 6 Australian Iron and Steel (pref.) I 6 4’,2 Australian Glass 4 16 3 Dunlop Perdriau Rubber 18 3 Electrolytic Zinc 2 9 3 Electrolytic Zinc (pref.) 2 11 9 Victoria Nyanza 13 11 Mount Morgan 14 10 Mount Lyell 1 13 6 Broken Hill Propty. 4 1 0 North Broken Hill 11 0 0 South Broken Hill G 18 6 Emperor 16 3 Loloma 1 3 6 General Motors 1 4 3 Yarra Falls 2 0 3

Belgrade, dinars 275.31 214 Rio de Janeiro, p. to mllrels ; 8.892 Buenos Aires, p. to dol. 45.577 — Montevideo, p. to dol. 57 39% Bombay, p to rupee 10 18% Shanghai, p. to dol. — 14 7-16 Yokohama, p. to yen 24.57 14

Oct. 16 Oct 19. £ s d £ s d Copper— Standard, spot 41 0 7>/ 2 41 8 1 /2 Forward 41 5 0 41 11 10>/ 2 Electrolytic 45 5 0 45 5 0 to 45 15 0 46 0 0 Wire bars 45 15 0 46 0 0 LeadSpot 18 8 9 18 12 6 Forward 18 7 6 18 11 3 SpelterSpot 14 13 9 15 1 3 Forward 15 0 0 15 7 6 TinSpot 198 2 6 202 12 6 Forward 196 2 6 202 7 6 SilverFine, per oz. 19 15-16d 19%d Standard, per oz. 21 i/ 2 d 21 5-16d