SHARE MARKET

Southland Times, Issue 23239, 30 June 1937, Page 3

SHARE MARKET

INVERCARGILL STOCK EXCHANGE r MARKET INCLINED TO BE QUIET There were quotations for nearly all lines in the investment market at the call-over on the Invercargill Stock Exchange yesterday. In spite of this, however, the tone of the market was inclined to be quiet. Quotations were as follows:— Government Debentures

NORTHERN EXCHANGES SALES OrrCHANGE AUCKLAND

SYDNEY STOCK EXCHANGE INVESTORS STILL CAUTIOUS (Received June 29. 9.15 p.m.) SYDNEY, June 29. There was a slight increase in the volume of business on the Stock Exchange today The tone of the market was firm but investors continue to operate with caution.

Melbourne Sales Bonds were a shade better and other sections were quiet: barriers and gold were a little weaker on light trading. Sales were:

DAIRY PRODUCE

By arrangement with the Primary Products Marketing Department the following information is supplied by the New Zealand Dairy Board:— Butter.—New Zealand salted, 109/up to 110/- (110/- to 111/-); unsalted, 110/- to 111/- (111/- to 112/-). Deliveries New Zealand, 1835 tons; in store New Zealand, 6392 tons; Australian salted, 107/- up to 108/- (109/- to 110/-); unsalted, 109/- (110/-); deliveries Australian, 1764 tons; in store Australian, 6312 tons. The market was quiet for the greater part of the week, but there was an improved demand towards the close. The New Zealand retail price was unchanged at 1/2. Danish 94/- f.0.b., 115/- spot (95/- to 116/-); Dutch unsalted 106/- to 107/-, ex. 108/- to 109/- (106/- to 109/-); Polish salted, 104/- to 105/- (105/- to 106/-). The market is quiet. Danish retail price was unchanged at 1/2. Cheese. —New Zealand white, 74/(74/6); New Zealand coloured, 73/— (73/6 to 74/0; deliveries New Zealand, 18,639 crates; in store New Zealand 72,781 crates; includes 12,840 crates from Port Dunedin; Canadian, white and coloured, 78/- to 80/- (78/- to 80/-) Canadian c.i.f., 71/- (72/-); deliveries Canadian, 4482 boxes; in store 56,592 boxes; English factory cheese, 70/- to 72/-. The market is quiet. New Zealand retail price is unchanged at 9d. MINING RETURNS RIMU DREDGE (United Press Association) HOKITIKA, June 29. The Rimu dredge return up to June 28 was 295.150 z of crude gold for 130| hours’ work and 61,019 yards excavated. WAITAHU DNNEDIN, June 29. The Waitahu Gold Mining Company reports that elevating operations commenced on June 14 in Paddock 13. A partial wash-up last Saturday resulted in a return of 20oz 14dwt for 25 eighthour shifts. LONDON MARKETS The Department of Agriculture has received the following cablegram, dated June 26, 1937, from the High Commissioner for New Zealand, London:— Tallow.—The market is dull, both on spot and for shipments at. about 6d below last week’s rate. Hemp.—Manila: The market is quiet. The value for K grade for June-August shipment is £3l 15/-. The sisal market is quiet and unchanged. New Zealand: Common was offered at £26 5/-, 10/_ above buyers’ ideas Fruit.—The Port Dimedin and Hororata discharged in sound condition. Apples: The market is steady, with somewhat highei prices. Current prices are:—Granny Smith, 9/- to 13/-; Statesman, Rokewood, 7/- to 9/-; Sturmer, Cleopatra, Rome Beauty and Scarlet Nonpareil, 6/6 to 8/6; Dunn’s Favourite, 6/6 to 8/-.

Buyers Sellers £ s d £ s d Stock, 3J p.c., 1938-43 101 10 0 —— Stock, 3J p.c.. 1938-52 102 0 0 Stock, 3| p.c., 1939-43 101 10 0 Stock, 3J p.c. 1939-52 102 0 0 Stock, 4 p.c, 1946 103 10 0 Bonds, 4 p.c, 1946 103 10 0 Stock, 4 p.c, 1949 103 10 0 Bonds, 4 p.c, 194.. 103 10 0 Stock, 4 o.c, -955 102 15 0 Bonds, 4 p.c, 1955 102 15 0 — Banks Commercial 0 18 0 0 18 5 National of Australasia ' 7 2 0 7 5 0 New Zealand 2 4 0 —— New Zealand long “D” issue 1 6 0 —— Union of Australia 10 12 0 — Breweries Dunedin Brewery Co. 1 8 6 — N.Z. Breweries 2 6 9 Staples’ Brewery — 2 11 6 Coal Kaitangata 1 1 6 — Westport Coal 1 3 3 — Insurance National 0 17 3 — South British 4 15 0 — Standard — 2 19 6 Loan and Agency Goldsbrqugh, Mort and Co ———— 1 16 6 National Mortgage B issue 1 9 0 1 11 0 N.Z. Loan and Mercantile 45 0 0 Wright, Stephenson (ord.) 1 1 0 (pref.) 1 1 0 1 2 6 Meat Companies N.Z Refrigerating (20/- paid) 0 18 10 0 19 3 (10/- paid) 0 8 10 — Southland Frozen Meat (ord. and pref.) 4 0 0 South Otago Freez ing Co. 7 15 0 — Shipping Huddart-Parker 2 0 0 Union Steam Ship Co. (pref.) 1 6 3 P. and O. Stock 1 17 6 — Woollen Mills Bruce 0 10 0 — Kaiapoi (pref.) 0 16 6 — Mosgiel 10 2 0 Miscellaneous Broken Hill Pty. 4 0 3 — British Tobacco (Aust.) 2 9 6 Brown, Ewing 1 1 0 G. J. Coles 5 0 0 D.I.C. (ord.) 0 16 6 D.I.C. (pref.) 1 3 9 Dominion Fertilizer 1 3 0 1 4 0 Dunlop Rubber (Aust.) 1 2 6 Milburn Lime and Cement 2 0 0 N.Z. Drug 3 15 0 N.Z. Guarantee Cor- > poration 0 4 9 Otago Daily Times 2 5 0 Wilson’s (N.Z.) Cement 0 19 0 1 1 0 Woolworths (N.Z.) 5 10 0 Shillings, Ltd. 0 17 9 — Mining Big River 0 1 4 0 1 7 Electrolytic Zinc (ord.) 2 15 6 (pref.) 2 17 0 — Gillespie’s Beach - 0 1 b Mount Lyell 2 1 0 Mount Morgans 0 12 9 Nokomai 0 2 6 Okarito 0 2 0 —— Skippers — 0 0 4 Waitahu 0 1 4 Waimumu 0 0 — Unlisted Woolworths (Sydney) 7 2 0

£ s d Stock 1943-46 4 p.c. 104 0 0 do. 1946-49 4p.c. 1 103 17 6 National Bank of Australasia (£5 paid) 7 3 0 Bank of N.Z. 2 4 9 do. 2 5 3 National Insurance 17 6 South British (2) 4 15 6 Kaiapoi Wool (paid) 13 6 Dominion Breweries 2 3 3 N.Z. Breweries (rights) 1 3 0 Australian Glass 4 0 9 Bycroft 2 2 0 Dunlop Perdriau 1 2 6 Farmers’ Trading 1 1 0 G. J. Coles 5 2 0 Milne and Choyce (pref B) 7 p.c. 1 4 0 Farmers’ Fertilizer 1 0 6 N.Z. Newspapers 1 16 0 Wilson’s Cement 1 0 6 Golden Dawn 1 9 Waihi Investments 11 8 Broken Hill South (2) 2 9 3 do. 2 9 0 Mount Lyell 2 2 6 do. 2 2 5 Mount Morgan 12 9 Unofficial Selfridges (Aust.) 1 8 6 Woolworths (Syd.) 6 18 0 do. 6 18 3 do. 6 18 6 do. 6 19 0 WELLINGTON £ s d Queensland Insurance (Mon.) 2 18 6 N.Z. Refrigerating (cont.) (Mon.) 8 10 Kaiapoi Woollen (Mon.) 13 6 Tauplri Coal (2) (Mon.) 15 6 G. J. Coles (Mon.) 5 2 6 Waihi Investments (Mon.) 11 9 5 p.c. Rural Bonds 1947 102 5 0 Bank of N.Z. 2 4 6 Kaiapoi Woollen 13 6 British Tobacco 2 9 9 G. J. Coles 5 2 3 N.Z. Drug 3 14 3 Wilson’s Cement (2) . 1 0 6 Waihi Investments (2) 11 10 Mount Lyell 2 2 0 Unofficial McKenzie’s Department Stores (2) 3 18 9 CHRISTCHURCH £ s d N.Z. Refrigerating (£1 paid) 19 0 do. (10/- paid) (2) 8 10

Kaiapoi Woollens (17/- paid) (2) do. 13 13 6 8 Westport Stockton Coal (3) 2 6 Beath and Co. (1/- paid) 9 Anthony Hordern 19 do. 19 3 British Tobacco (cum. div.) (2) 2 9 7 Dunlop Rubber (2) 1 2 6 Electrolytic Zinc (pref.) 2 16 4 G. J. Coles (2) 5 1 6 do. (2) 5 1 9 do. (5) 5 2 0 MacDufi’s (pref.) 1 5 6 N.Z. Farmers’ Fertilizer 1 0 5 Broken Hill South 2 9 0 do. (3) 2 8 9 do. (2) 2 8 5 Mount Lyell (2) 2 2 3 do. (2) 2 2 2 do. 2 2 4 do. (2) 2 2 3 do. (5) 2 1 11 Mount Morgan (3) 12 9 do. (2) 12 6 Rawang Tin 12 0 Sales Reported Christchurch City Council 4>/ 4 p.c 1940-52 (Mon.) 102 18 9 Bank of New South Wales (3) 35 7 6 Bank of N.Z. (2) 2 5 0 British Tobacco (cum. div.) (2) 2 9 7 do. 2 9 9 do. 2 9 7 Broken Hill Propty. 4 1 0 Evans Atlas Flour 19 6 G. J. Coles (2) 5 2 0 Hays Ltd. (cont.) 16 0 MacDuff’s (pref.) 1 5 6 Unlisted New River 9 DUNEDIN £ s d Bank of N.Z. 2 4 8 Commercial Bank 18 4 do. 18 5 N.Z. Refrigerating (paid) 19 1 British Tobacco 2 10 0 N.Z. Drug (2) 3 14 3 G. J. Coles 5 2 0 Wilson’s Cement 1 0 6 Goldsbrough Mort 1 15 3 Broken Hill Propty. (paid) (4) 4 0 9 Broken Hill South (2) 2 8 9 Mount Lyell (2) 2 2 1 do. 2 2 0 Mount Morgan 12 8 do. (2) 12 9 do. 12 6

Sales were: £ s d Bank of New South Wales 35 12 6 Commercial Banking of Sydney 22 4 0 Queensland National Bank 5 10 0 Colonial Sugar 47 10 0 United Insurance 10 10 0 Burns Philp (South Sea) 1 12 0 British Tobacco 2 10 3 Tooth’s Brewery ’ 2 15 9 Toohey's Brewery 1 13 7 la G. J. Coles 5 3 6 Dunlop Perdriau Rubber 1 2 9 Electrolytic Zinc 2 16 0 Felt and Textiles 1 15 7V 2 Kandos 1 5 0 Mark Foy 1 5 3 Hume Pipe 19 6 Victoria Nyanza 18 3 W. R. Carpenter 2 4 0 David Jones 2 2 4 Anthony Hordern 19 9 Mount Morgan 12 6 Mount Lyell 2 2 6 Rawang Tin 12 3 Larut 19 6 Emperor 15 3

£ S d Commercial Bank of Australia 18 8 National Bank (£10 paid) 14 13 0 Adelaide Steam 1 12 0 British Tobacco 2 10 3 G. J. Coles 5 3 0 Drug Houses 1 6 9 Australian Iron and Steel (pref.) 1 6 7>,i Australian Glass 4 12 6 Dunlop Perdriau Rubber 1 2 9 do. (pref.) 1 16 9 Felt and Textiles 1 15 6 Goldsbrough Mort 1 16 0 Electrolytic Zinc 2 16 6 do. (pref.) 2 17 3 Mount Morgan 12 6 Mount Lyell 2 2 3 Broken Hill Propty. 4 1 3 North Broken Hill 3 12 9 South Broken Hill < 2 9 0 Emperor 15 2 Loloma 19 3 ' New Broken Hill 17 0