MONEY AND MARKETS

Southland Times, Issue 23179, 21 April 1937, Page 3

MONEY AND MARKETS

SHARE MARKET

INVERCARGILL STOCK EXCHANGE GOVERNMENT SECURITIES IN DEMAND Government securities were still in demand at the call-over on the Invercargill Stock Exchange yesterday. Bank of New Zealand shares were firmer, but metal companies’ shares had slipped back. The following quotations were called:—

NORTHERN EXCHANGES SALES ON ’CHANGE AUCKLAND

Unlisted Sales on Change Anderson's Ltd. (pref.) 19 0 Sales Reported New River 7 '2 SYDNEY STOCK EXCHANGE IMPROVEMENT IN METAL SHARES (Received April 20, 8.50 p.rft.) SYDNEY. April 20. An improvement in metal share values occurred on the Stock Exchange today. Several orders for Electrolytic Zinc came from New Zealand, and also for Australian Glass shares. Bank, gas, brewery and leading department store shares were strong.

Melbourne Sales Investments remain quiet and fairly steady. Barriers and Mount Lyells were somewhat erratic but closed on a firmer tone on the expectation of a gradual improvement in oversea conditions. Sales were:

SYDNEY, April 20.

At the wool sales 13,054 bales were offered and 11,460 were sold, also 2187 privately. There was strong and general competition; the market retains all the best features.

Greasy Merino sold at up to 27d.

FOREIGN EXCHANGES

(British Official Wireless) (Received April 20, 6.30 p.m.) RUGBY, April 19. The following mean closing rates of foreign exchange were quoted today compared with par:— Par Today Paris, fr. to £ — 110 1-16 New York, dol. to £ 4.886 4.91% Montreal, dol. to £ 4.886 4.91 Brussels, belgas to £ 35 29.20 Geneva, fr. to £ 25.221 21.56 Milan, lira to £ 20.43 93 9-16 Berlin, rmk. to £ 24.42 12.24% Copenhagen, kr. to £ 18.159 22.40 Oslo, fr. to £ 19.159 19.90 Vienna, schgs. to £ 34.585 26% Prague, kr. to £ 34.585 141 7-16 Helsingfors, m. to £ 103.23 226% Madrid, pesetas to £ 25.15 Lisbon, escudos to £ 110 110 3-16 Athens, dr. to £ 875 547% Bucharest, lei to £ 318.6 667% Belgrade, dinars 275.31 213 Rio de Janeiro, p. to milreis 8.892 4% Buenos Aires, p. to doL . 45.577 Montevideo, p. to dol. 57 39% Bombay, p. to rupee 10 18% METAL MARKET (Received April 20, 6.30 p.m.) LONDON, April 19. Metals are quoted as follows:— April 17 April 19.

MINING RETURNS RIMU DREDGE (United Press Associution) HOKITIKA, April 20. The Rimu Dredge return was 267.4 crude oz of gold for 132 hours’ work and 47,720 yards treated.

Government Debentures Buyers £ s. d. Sellers £ s. d. Stock, 3J p.c., 1938-43 — 100 15 0 Stock, 3z p.c., 1938-52 101 10 0 Stock 3i p.c., 1QQQ 4Q 100 15 0 Stock, 3i p.c., 1939-52 101 10 0 Stock, 4 p.c., 1940 101 10 0 Stock, 4 p.c., 1946 102 7 6 — Bonds, 4 p.c., 1946 102 7 6 — — Stock, 4 p.c., 1949 101 5 0 Bonds, 4 p.c., 1940 101 10 0 - — Bonds, 4 p.c., 1949 101 5 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 —— New South Wales 37 0 0 New Zealand Long “D” issue 1/ 7 9 Union of Australia 11 5 0 — Breweries Dunedin Brewery Co. ——... 1 8 6 New Zealand Brew eries 2 19 3 — Staples Brewery 1 14 9 1 16 0 Coal Westport Coal 1 3 3 — Insurance National 0 17 9 0 18 0 Standard — 2 17 6 Loan and Agency Goldsbrough, Mort and Co. 1 17 3 National Mortgage 2 15 0 Trustees’ Executors (Dunedin) 3 12 0 Wright, Stephensor (ord.) 0 18 6 (pref.) 0 19 7 — Meat Companies N.Z. Refrigerating (20/- paid) 1, 0 19 9 (10/- paid) 0 8 9 0 9 1 South Otago Freez ing Co. — 8 0 0 Shipping Howard Smith 1 4 0 Huddart-Parker 2 0 0 Union Steam Ship Co. (pref.) 1 6 9 P. and 0. Stock 2 2 6 — Woollen Mills Bruce ■ 0 12 6 Kaiapoi (ord.) 0 14 2 Mosgiel 10 0 0 Miscellaneous Australian Iron and Steel 1 6 0 — Broken Hill Pty. 4 4 0 Colonial Sugar Co. 44 10 0 G. J. Coles 5 4 0 5 8 0 D.I.C. (ord.) 0 16 6 D.I.C. (pref.) 1 3 9 Dominion Fertilizefs 1 3 9 1 4 3 Milburn Lime and Cement 2 0 0 Dunlop Rubber (Aust.) 1 0 6 New Zealand Drug 3 16 0 N.Z. Farmers’ Fertilizers 1 0 0 N.Z. Paper Mills 1 7 6 1 8 6 N.Z. Guarantee Co rporation 0 5 3 Otago Daily Times 2 6 0 Permanent Building Society 5 16 6 Wilson’s (N.Z.) Cement 1 15 6 Shillings Ltd. 0 16 0 0 17 0 Woolworths (N.Z.) — 8 5 0 Mining Broken Hill South 11 0 Electrolytic Zinc (ord.) 2 17 0 3 0 0 (pref.) .1 ■ 3 1 0 Gillespie’s Beach 0 1 6 0 1 8 Goldfields Dredging 0 0 3 King Solomon 0 0 8 Mount Lyell ■ ' — 2 6 3 Mount Morgans 0 16 8 0 16 11 Nokomai 0 2 3 0 2 4 Okarito 0 3 4 0 4 0 Skippers 0 0 4 Waitahu 0 2 2 Waimumu 0 0 9 0 0 iii Waipapa 0 0 7 — Unlisted Woolworths (Sydney) Rights 4 15 0 — Sales Reported Wright, Stephenson and Co , Ltd. (pref.), £1. Mount Morgan, 16/10.

£ s d Bonds 1943-46 4p.c. 102 15 0 E.S. and A. Bank 6 12 0 Bank of N.Z. 2 5 0 N.Z. Insurance 3 1 3 Auckland Gas 1 1 9 Rotoiti Timber . 5 6 Dominion Breweries (3) 2 1 0 do. (new issue) 1 19 6 Electrolytic Zinc (pref.) 2 19 9 N.Z. Farmers’ Fertilizer 1 1 0 Taranaki Oil 4 5 do. 4 4 Mount Lyell 2 5 6 do. (2) 2 5 3 Placer Development 4 18 6 Unofficial Woolworths (Syd.) 7 7 6 WELLINGTON £ S d Bank of Australasia (Mon.) 12 17 6 Union Bank 11 7 0 E.S. and A. Bank 6 12 0 Bank of Australasia 12 17 6 Wellington Woollen (ord.) 5 12 0 N.Z. Breweries 2 19 3 Dunlop Perdriau 1 0 10 Mount Lyell 2 5 3 Broken Hill Propty. 4 2 3 Unofficial Woolworths Ltd. (odd lot) 7 9 0 DUNEDIN £ s d Union Bank 11 7 0 Electrolytic Zinc (ord.) 2 17 3 Mount Lyell (4) 2 5 3 Mount Morgan (2) 16 7 North Broken Hill 3 10 0

CHRISTCHURCH £ S d N.Z. Government 4 p.c. Inscribed 1946-49 101 15 0 Dalgety and Co. 10 18 0 N.Z. Refrigerating (10/- paid) 8 10 Kaiapoi Woollens (17/- paid) (3) 14 4 Australian Glass 4 11 0 Broken Hill Propty. (2) 4 1 6 Dunlop Rubber (2) 1 0 10 General Industries' 1 0 1 Electrolytic Zinc (ord.) 2 17 6 do. 2 16 6 Taranaki Oilfields (2) 4 0 Waimumu Sluicing 11 Mount Lyell (2) 2 5 0 do. 2 5 3 do. 2 5 6 do. 2 5 5 Mount Morgan 16 6 do. (2) 16 3 Rawang Tin (2) 11 10 Sales Reported Union Bank of Australia 11 7 0 Canterbury Frozen Meat (odd parcel) 9 7 6 Colonial Sugar 44 17 6 Kauri Timber 1 3 9 Taranaki Oilfields 4 2 Mount Lyell 2 5 3 do. 2 5 0 do. (3) 2 4 9 rin. 2 5 10

Sales were: £ s d Bank of New South Wales 38 5 0 Commercial Banking of Sydney 22 17 0 E.S. and A. Bank 6 11 0 Colonial Sugar 45 4 0 Associated Newspapers 1 3 9 do. (pref.) 1 3 6 Huddart Parker 1 19 9 Burns Philp 3 15 0 Australian Gas (A) 7 4 6 Tooth’s Brewery 2 17 6 Carlton Brewery 3 2 0 Queensland Brewery 1 6 G. J. Coles 5 6 6 Australian Glass 4 12 3 do. (N.Z. delivery) 4 12 6 Goldsbrough Mort 1 17 3 Henry Jones 2 6 6 Electrolytic Zinc (N.Z. delivery) 2 18 3 Electrolytic Zinc (pref.) 2 19 6 do. (N.Z. delivery) 2 19 6 David Jones 2 3 6 Anthony Hordern 1 0 l*i Banners 1 14 9 Cash Orders 1 1 9 Sargents ' 1 12 9 Gordon and Gotch 2 12 6 Woolworths (sale) 7 10 6 Woolworths (N.Z.) — Seller 7 18 0 Sale (early) 8 2 6 Selfridges— Buyer 1 16 9 Seller 1 18 0 Selfridges (N.Z.) 3 9 Mount Morgan 16 3 Mount Lyell 2 7 3 Rawang Tin 11 10 Larut 1 0 6 Emperor 18 0 Taranaki Oil 4 4

£ s d National Bank (£5 paid) 7 18 0 British Tobacco 2 10 6 Carlton Brewery 3 1 9 G. J. Coles 5 7 0 Dunlop Perdriau Rubber 1 1 4 do. (pref.) 1 15 0 Goldsbrough Mort 1 17 3 Electrolytic Zinc 2 18 9 do. (pref.) 2 19 9 Victoria Nyanza 18 6 Mount Morgan 16 4 Mount Lyell 2 6 9 Broken Hill Propty. 4 3 6 North Broken Hill 3 12 0 South Broken Hill 2 7 9 Zinc Corporation 7 0 0 General Motors 1 4 0 Yarra Falls 2 2 0 Satupulo 1 16 6 THE WOOL MARKET BRADFORD VERY FIRM 1 (Received April 20, 6.30 p.m.) LONDON, April 19. On the Bradford market there was moderate business and quotations were very firm. The full output was readily taken up STRONG COMPETITION AT SYDNEY

£ s d £ s d Copper— Standard, Spot 62 1 3 59 6 3 Forward 60 18 9 57 11 3 Electrolytic 67 0 0 65 0 0 to 69 0 0 67 0 0 Wire bars 69 0 0 67 0 0 Lead— Spot 25 1 3 24 1 3 Forward . 24 18 9 23 18 9 SpelterSpot 26 0 0 24 12 6 Forward 26 0 0 24 12 6 TinSpot 265 15 0 258 5 0 Forward 263 17 6 256 12 6 SilverFine, per oz 20 IL -16d 20 11. -16d Standard, per oz 22 5-16d 22 : 5--16d