SHARE MARKET

Southland Times, Issue 23141, 6 March 1937, Page 4

SHARE MARKET

INVERCARGILL STOCK EXCHANGE YESTERDAY’S CALL-OVER There was an active market among shares of industrial companies at yesterday morning’s call-over on the Invercargill Stock Exchange. Quotations were as follows:— Government Debentures

SYDNEY STOCK EXCHANGE HEAVY TONE PREDOMINANT (Received March 5, 8.55 p.m.) SYDNEY, March 5. A healthy .tone characterized business on the Stock Exchange today. Front line industrials made headway,. and barriers and shares dependent on metals showed gains.

THE WOOL MARKET STRONG COMPETITION AT LONDON LONDON, March 4. At the wool sales 7669 bales were offered, including 5496 from New Zealand, and 7211 were sold. There was a good selection and strong competition, the offering being sold well at prices from par to 5 per cent, dearer. New Zealand greasy halfbred, “Augl,” brought a top price of 21d and an average of 17*,ad. ’’ The Bradford tops market is’ firm and tending against buyers. Yarns are also dearer.

GOVERNMENT LIFE ‘ OFFICES RECORD YEAR’S OPERATIONS The new ‘business written by the Government Life Insurance Department for the year ended December 31, 1936, totalled £2,863,186. This figure establishes a new record for the department, and represents an increase of 42 per cent over the previous record year, 1935, when £2,005,128 worth of new business was 'secured. The following figures for the last five years reflect the steady growth of the department’s new business: —

MINING RETURNS KING SOLOMON RETURN The return at the King Solomon mine this week was 7oz 15dwt.

Buyers Sellers £ s. d £ J. 0 Stock, 3J p.c., 102 1938-43 0 0 Stock, 31 p.c.. 102 1938-52 0 0 Stock, 31 p.c., 102 1939-43 0 0 Stock, 31 p.c., 102 1939-52 0 0 Stock, 4 p.c., 1946 101 10 0 — Bonds, 4 p.c., 1946 101 10 0 —— Stock, 4 p.c., 1949 103 10 0 Bonds, 4 p.c., 1949 103 10 0 Stock, 4 p.c., 1955 103 0 0 — — Bonds, 4 p.c., 1955 103 0 0 — Banks Commercial 0 19 1 — Commercial (pref.) 4 p.c. cum 9 4 0 —— E. S. and A. Bank 6 7 0 6 9 0 New Zealand 2 2 3 2 2 9 National of New Zealand 3 1 0 3 3 0 New South Wales 36 0 0 —— Union of Australia 11 5 0 Breweries New Zealand Breweries 2 19 9 — Dunedin Brewery Co. 1 9 6 Staples’ Brewery 1 14 Tooth’s Brewery 2 16 0 3 1 15 2 17 9 3 Coa) Kaitangata 1 3 0 — Westport 1 4 3 Insurance National 0 18 2 New Zealand 3 0 6 — Loan and Agency Goldsbrough. Mort and Co. 1 18 3 Trustees Executors (Dunedin) 3 12 0 Wright, Stephenson (ord.) 0 18 0 — (pref.) 0 19 0 1 0 0 Meat Companies N.Z. Refrigerating— (20/— paid) 0 19 3 (10/- paid) 0 8 6 0 8 9 Southland Frozen Meat (ord. and pref.) 3 16 0 Shipping Union Steam Ship Co (pref.) 1 6 0 Howard Smith 1 4 b P. and O. Stock 2 0 0 — Woollen Mills Kaiapoi (ord.) 0 14 3 Mosgiel 10 0 0 ■ ■ Miscellaneous Associated News 1 4 0 Australian Glass 4 12 0 4 13 6 Broken Hill Pty. 4 8 9 — Colonial Sugar Co. 42 10 0 — G. J. Coles 5 11 0 D.I.C. (ord.) 0 16 0 — (pref.) 1 3 6 —— Dominion Fertilizer 1 4 3 Donaghy’s Rope and Tvzine Z 11 6 Dunlop Rubber (Aust.) 1 0 1 1 0 6 Hume Pipe (Aust.) 1 1 6 Milburn Lime and Cement 2 2 6 N.Z. Drug 3 16 6 3 18 0 N.Z. Farmers’ Fertilizers 0 19 9 1 1 0 N.Z. Paper Mills 1 7 0 1 10 0 Permanent Building Society 5 15 0 Wilson’s (N.Z.) Cement 1 19 0 Woolworths (N.Z.) ' 7 10 0 Shillings, Ltd. 0 18 10 Australian Iron and Steel 1 7 9 British Tobacco (Aust.) 2 13 3 2 13 9 New Zealand Guarantee Corporation 0 5 3 0 5 7 Mining Big River 0 1 9 Electrolytic Zinc— (ord.) 3 3 0 3 3 9 (pref.) 3 4 Gillespie’s Beach 0 1 0 — —’ 6 5 0 1 King Solomon 0 0 4| — Mount Lyell 2 13 0 —- Mount Morgans 0 18 5 0 18 8 Nokomai 0 2 1 0 2 7 Okarito 0 3 7 0 3 9 Skippers 0 0 4 Waitahu 0 2 6 Waipapa 0 0 6 0 0 10 Broken Hill South 2 17 0 Waimumu 0 0 11£ Unlisted Woolworths (Sydney) 8 1 0 — Selfridges (Aust.) 2 0 0 Sales Reported Commercial Bank (pref.), £9 5/Renang Tin, £2 3/6. — NORTHERN EXCHANGES —— SALES ON ’CHANGE ■ AUCKLAND £ s d Rural Bonds 1947 4 p.c. 102 2 6 Stock 1943-46 4 p.c. 101 7 6 do. 1952-55 4 p.c. 103 0 0 Mount Eden Borough 1942-47 4'/a p.c. 103 0 0 do. 1947-52 4’A p.c. 104 10 0 Otahuhu Borough 1942 4’/ 2 p.c. 102 10 0 Commercial Bank of Australia (pref.) 9 4 6 do. 9 5 0 National Bank of N.Z. 3 2 0 Bank of New South Wales 36 15 0 2 2 6 do. (odd lot) 2 2 3 do. 2 2 6 N.Z. Insurance 3 1 3 National Timber 10 0 Australian Glass 4 13 0 Australian Steel (pref.) 1 8 0 Bycroft 2 0 6 Colonial Sugar 43 0 0 Dunlop Perdrlau 1 0 4 Electrolytic Zinc (ord.) 3 3 41i G. J. Coles 5 2 0 Grey and Menzies 11 6 do. (odd lot) 11 6 N.Z. Refrigerating (cont.) 8 7 Taranaki Oil (2) 3 0 Woolworths (N.Z.) 7 5 6 Big River 2 1 do. 2 2 J Z 2 Martha 19 9 Waihi Junction 3 8 Mount Morgan 18 10 Rawang Tin 13 2 Unofficial British Neon 14 0 Silknit 2 17 6 do.’ 2 18 0 Woolworths (Syd.) 8 2 0 do. 8 1 0

WELLINGTON £ s d ip.c. Stock 1946 (Thurs.) 101 5 0 .,>' 2 p.c. Stock 1939-43 (Thurs.) 101 12 6 Christchurch Drainage Board 4*,4 p c. 1938-39 (Thurs.) 101 10 0 Bank of N.Z. (Thurs.) 2 2 6 Toohey’s Brewery (Thurs.) 1 17 4 Broken Hill Propty. (Thurs.) 4 9 3 Electrolytic Zinc (ord.) (5) (Thurs.) 3 3 6 do. (pref.) 3 4 0 Taranaki Oil (2) (Thurs.) 4 2 do. 4 4y 2 Mount Lyell (Thurs.) 2 13 7y 2 do. 2 13 7 3y 2 p.c. Stock 1938-52 101 17 6 Bank of N.Z. 2 2 5 National Bank of N.Z. 3 2 0 N.Z. Guarantee Corporation o 7 Wellington Woollen (ord.) (2) 5 12 6 N.Z. Breweries 3 0 0 Broken Hill (2) 4 9 0 do. (4) 4 9 3 Denhard (pref.) 1 0 3 do. 1 0 3 Electrolytic Zinc (ord.) 3 3 6 do. (pref.) 3 4 0 Taranaki Oil 3 9 Big River 2 2 Mount.Morgan (4) 18 10 do. 18 9 Unofficial Woolworths Ltd. (Thurs.) 8 2 0 do. 8 2 6 CHRISTCHURCH £ s d Commercial Bank of Australia (3] 19 5 National Bank of N.Z. 3 2 3 Union Bank of Australia 11 0 0 P. and O. Deferred Stock 2 1 0 Goldsbrough Mort 1 18 0 Christchurch Gas 1 6 5 N.Z. Breweries (5) 3 0 0 Anthony Hordern (2) 1 0 11 Australian Iron and Steel (pref.) 1 8 2 British Tobacco (cum. div.) 2 13 3 do. (3) 2 13 0 Broken Hill Propty. 4 9 0 Dunlop Rubber (cum. div.) (2) 1 0 4 Electrolytic Zinc (ord., cum. div.) (5) 3 3 3 do. 3 3 4 do. (pref., cum. div.) 3 4 3 do. 3 4 4 do. 3 4 5 G. J. Coles (cum. div.) 5 2 0 do. (6) 5 1 6 Taranaki Oilfields 3 0 Big River 1 10 Mount Lyell (4) 2 13 6 do. 2 13 7 Mount Morgan 18 9*/2 do. 18 10 Sales Reported National Bank of N.Z. 3 2 0 Bank of N.Z. 2 2 3 N.Z. Refrigerating (£1 paid) 18 9 N.Z. breweries 3 0 0 Electrolytic Zinc (ord., cum. div.) 3 3 4 do. 3 3 5 G. J. Coles (cum. div.) 5 3 6 Morris Hedstrom 1 10 3 Big River (Thurs.) 2 0 Martha 19 8 Mount Morgan (Thurs.) 18 9 Mount Morgan 18 7‘/ 2 Unlisted Woolworths (Syd., ord.) (2) 8 1 0 Grey River (2/6 paid) (2) 4 6 do. 1 4 5 DUNEDIN £ S d Commercial Bank (Thurs.) 19 4 E.S. and A. Bank 6 8 6 N.Z. Guarantee Corporation 5 6 N.Z. Refrigerating (cont.) 8 7 Broken Hill Propty. (cont.) 4 3 3 Broken Hill South (2) 2 15 9 do. 2 16 0 Electrolytic Zinc (ord.) (3) 3 3 6 Mount Lyell 2 13 6 Mount Morgan (3) 18 10 Big River (Thurs.) 2 0

Sales: £ s d Bank of New South Wales 37 15 0 Commercial Banking of Sydney 22 17 0 Associated Newspapers 1 3 1014 do. (pref.) 1 3 Automatic Totalizators 19 9 Howard Smith 1 4 4>/z Tooth’s Brewery 2 16 6 Toohey’s Brewery 1 17 4’/2 Carlton Brewery , 3 4 3 G. J. Coles 5 5 6 Goldsbrough Mort 1 18 6 Electrolytic Zinc 3 4 6 W. H. Soul 4 7 0 Sargents 1 12 7*/ 2 Cash Orders 1 2 3 Malleys . . 1 3 0 3 Hume Pipe 1 '1 Yarra Falls Woolworths— 2 2 9 Buyer 8 2 0 Seller 8 4 0 Woolworths (N.Z.) — Buyer 7 5 0 Seller 7 7 0 Selfridges (N.Z.) 4 6 Mount Morgan 18 9 Mount Lyell 2 13 6 Kuala Kampar 1 3 0 Rawang Tin 13 214 Placer Development 5 0 6 Emperor 19 9 Loloma 1 5 10> 4 Taranaki Oil 3 6 Melbourne Sales £ s d Commercial Bank of Australia 19 9 E.S. and A. Bank 6 11 0 National Bank (£5 paid) 8 0 0 Carlton Brewery 3 4 0 G. J. Coles 5 5 6 Drug Houses 1 9 6 Australian Iron and Steel (pref.) 1 8 3 Dunl'p Perdriau Rubber 1 0 8 Goldsbrough Mort 1 18 7>,4 Electrolytic Zinc . 3 4 0 do. (pref.) 3 6 0 Mount Morgan 18 10 Mount Lyell 2 13 6 Broken Hill Propty. 4 10 0 South Broken Hill 2 17 9 North Broken Hill 4 9 0 Zinc Corporation 8 5 0 Sulphide 16 2 Emperor 1 0 0 Loloma 1 5 9 Melbourne Electric 17 0 General Motors 1 4 9 Yarra Falls 2 2 6 Tongkah Compound 1 10 0

Quotations: Feb. 18 Feb. 25 March 4. Feb. 11 70's 39 38 38 38 64's 37 36 36 36 60's 36 35 35 35 58’s 33 31 31 Vz 31‘/a 56’s 29 28 28 28 50’s 24 >/a 24 24 24

1932 1,104,644 1933 1,294,906 1934 1,661,740 1935 2,005,128 1936 * 2,863,186