MONEY AND MARKETS

Southland Times, Issue 23178, 20 April 1937, Page 3

MONEY AND MARKETS

SHAKE MARKET

INVERCARGILL STOCK EXCHANGE BETTER MINING PRICES At the call-over on the Invercargill Stock Exchange yesterday the demand for Government securities and banking shares continued. The mining market also showed improvement. Quotations were:— Government Debentures

Unlisted Woolworths (Sydney) 7 14 0 Sale Reported Broken Hill Proprietary (cont.), £3 15/10. NORTHERN EXCHANGES SALES ON 'CHANGE

SYDNEY STOCK EXCHANGE BASE METALS’ FURTHER DECLINE (Received April 19, 9.20 p.m.) SYDNEY, April 19. On the Stock Exchange Government loans were active and generally firm. Base metals suffered further reverses as a result of the weakness of the London price. Sales were:

MINING RETURNS ADDISON’S FLAT WESTPORT, April 19. The Addison’s Flat Gold Mining Company’s return for the last period was 40oz 2dwt for 27 shifts. GOLDFIELDS DREDGE (United Press Association) DUNEDIN, April 19. The Goldfields Dredge reports a wash-up of 16oz 4dwt. MATAKI (United Press Association) AUCKLAND, April 19. The Mataki return for the week ended April 18 was 220 z, for 129 hours’ work and 8300 yards. THE PRICE OF GOLD (Received April 19, 8.10 p.m.) LONDON, April 19. The price of gold is £7 1/2 an ounce.

Buyers £ 8. d. Sellers £ 3. d. Stock, 3J p.c., 1938-43 100 10 0 Stock, 3i p.c., 1938-52 101 10 O' Stock 3| p.c., 1939-43 100 10 0 Stock, 3| p.c., 1939-52 101 10 0 Stock, 4 p.c., 1946 102 10 0 Bonds, 4 p.c., 1946 102 10 0 Stock, 4 p.c., 1949 101 0 0 Bonds, 4 p.c., 1949 101 0 0 - Stock, 4 p.c., 1955 103 2 6 - — Bonds, 4 p.c., 1955 103 2 6 — Banks Commercial 0 19 6 — E. S. and A- Bank 6 10 0 National of New Zealand 3 6 9 New South Wales 37 0 0 New Zealand 2 5 0 —' Union of Australia 11 6 6 — Breweries New Zealand Breweries 2 19 3 3 0 0 Staples Brewery 1 14 9 1 16 0 Coal Westport Coal 13 3 1 4 0 Insurance National 0 17 9 0 18 0 Standard - ■ 2 17 6 Loan and Agency Goldsbrough, Mort and Co. 1 17 6 National Mortgage — 2 15 0 N.Z. Loan and Mercantile 49 10 0 Trustees’ Executors (Dunedin) o 13 u Wright, Stephenson (ord.) U io o (pref.) 0 19 6 1 0 0 Meat Companies Gear Meat Co. 0 17 3 (20/- paid) ■ 0 19 9 (10/- paid) 0 » 9 — Shipping Huddart-Parker ——- 2 0 0 Union Steam Ship Co. (pref.) l b 3 Woollen Mills Bruce ■ ""J 0 12 6 Kaiapoi (ord.) 0 14 1 Mosgiel 10 0 u Miscellaneous Australian Iron and Steel 16 6 ————— —■ Broken Hill Pty. 4 5 0 Colonial Sugar Co. 44 10 0 G. J. Coles 5 5 0 D.I.C. (ord.) 0 16 6 D.I.C. (pref.) 13 9 Dominion Fertilizers 14 0 1 4 3 Milbum Lime and Cement 119 6 Dunlop Rubber (Aust.) 10 8 1 1 3 N.Z. Paper Mills — 1 8 6 N.Z. Guarantee Corporation 0 5 3 Otago Daily Times 2 6 0 Permanent Building Society 5 16 6 Wilson’s (N.Z.) Cement 1 16 0 Shillings Ltd. ■■■ “ 0 17 0 Woolworths (N.Z.) 8 5 0 Mining Broken Hill South — 2 12 0 Big River 0 2 1 Electrolytic Zinc (ord.) 3 0 6 (pref.) - 3 1 9 Gillespie’s Beach 0 1 6g 0 1 8 Goldfields Dredging 0 0 3 King Solomon — 0 0 8 Mount Lyell 2 6 6 Mount Morgans 0 16 9 0 17 0 Nokomai 0 2 3 0 2 4 Okarito 0 3 4 Skippers 0 0 4 WaiUdiu — 0 2 3 Waimumu 0 0 9 0 0 Hi Waipapa 0 0 8J 0 1 0

AUCKLAND £ s d Bonds 1953-57 3>/ 2 p.c. 98 10 0 do. 1946-49 4 p.c. 101 15 0 Stock 1938-41 3% p.c. 101 10 0 Wanganui Harbour 1944 4',4 p.c. 101 10 0 Dunedin Drainage Board 1958 .3% p.c. 100 5 0 Mount Eden Borough 1955-60 4',4 p.c. 103 0 0 Broken Hill Propty. 4 3 0 G. J. Coles 1 5 5 0 Robinson Ice (odd lot) 1 3 0 Taranaki Oil 3 9 do. 4 3 Waldas Shoes 1 1 6 Commercial Bank of Australia 19 7 Bank of N.Z. 2 5 0 do. (D mort.) (odd lot) 1 6 0 National Timber 12 0 Kaiapoi Wool (cont.) 5 5 Dominion Breweries 2 0 0 British Tobacco 2 10 9 Unofficial Selfridges (Aust., old) 1 15 0 WELLINGTON £ s d Bank of Australasia (Sat.) 12 17 6 Bank of N.Z. (Sat.) (2) 2 5 3 do. 2 5 4 National Insurance (Sat.) 17 11 Woolworths (N.Z.) (Sat.) 8 0 0 Bank of N.Z. (D long term) 1 6 8 do. (odd lot) 1 6 3 Goldsbrough Mort 1 16 11 National Bank of Australasia IS U 6 Union Bank 11 7 0 Abraham Williams (pref.) 4 5 0 N.Z. Breweries 2 19 3 Woolworths Ltd. (second pref.) 1 7 9 CHRISTCHURCH 1 £ s d Broken Hill Propty. 4 2 6 Electrolytic Zinc (ord.) (4) 2 18 0 do. 2 18 3 G. J. Coles (3) 5 3 6 Mason Struthers (14/- paid) 8 0 Taranaki Oilfields (2) 4 3 Shillings Ltd. 16 6 Broken Hill South (2) 2 9 9 Mount Lyell (2) 2 5 10 do. (2) 2 5 1 do. (2) 2 5 0 Mount Morgan 16 7 Sales Reported Broken Hill Propty. 4 2 9

Hays Ltd. (cont.) 15 3 Hume Pipe (Aust.) 1 0 2 Mpunt Lyell 2 6 0 Mount Morgan 16 9 Christchurch City Council 4’/4 p.c 1940-51 101 10 0 Bank of N.Z. 2 5 3 Unlisted Grey River (2/6 paid) 3 3 DUNEDIN £ s d Bank of N.Z. 2 5 3 General Industries 1 0 4 Hume Pipe 1 0 2 Robinson’s Ice Cream 1 3 0 Taranaki Oil 3 9 N.Z. Breweries 2 19 3 Nokomai 2 2

£ s d Bank of New South Wales 38 2 6 Howard Smith 1 3 7>,& Burns Philp 4 5 0 Australian Gas (A) 7 4 6 Tooth's Brewery 2 17 3 Toohey’s Brewery 1 14 0 do. (rights) 8 10 Goldsbrough Mort 1 17 3 Wilcox Mofflin 14 0 Morris Hedstrom 1 10 0 Electrolytic Zinc f 2 18 0 do. (pref.) 3 0 0 do. (N.Z. delivery) 2 19 6 David Jones 2 3 0 Anthony Hordern 1 0 IVz Lustre 1 2 IV2 Mount Morgan 16 6 Mount Lyell 2 5 6 Broken Hill Propty. ,4 3 0 do. (new) 3 16 0 Broken Hill South 2 6 6 Broken Hill North 3 11 3 Bulolo Deposits 1 5 >,'2 Rawang Tin 11 1 Larut 1 0 9 Placer Development 4 18 0 Mount Kasi 6 11 Mineral Development 2 5 Tavua Development 7 Melbourne Sales The market generally is quiet. Barriers and Mount Lyells are weaker. Sales were: £ s d National Bank (£10 paid) 15 19 0 Adelaide Steam 1 12 6 Carlton Brewery 3 1 6 G. J. Coles 5 6 0 Australian Iron and Steel (pref.) 1 6 10>/ 2 Drug Houses 1 7 9 Dunlop Perdriau Rubber (ord.) 1 1 2 do. (pref.) 1 15 0 General Motors 1 4 2 Hume Pipe 1 0 4 Victoria Nyanza 18 9 Mount Morgan 16 9 Mount Lyell 2 5 7 >,'2 Emperor 17 11 Loloma 1 2 3 New Broken Hill (consolidated) 1 0 3 Tongkah Compound 1 7 0 Kauri Timber 1 4 3 Sulphide Corporation 16 3