SHARE MARKET

Southland Times, Issue 23308, 18 September 1937, Page 4

SHARE MARKET

INVERCARGILL STOCK EXCHANGE INDUSTRIALS IRREGULAR Banking shares were quiet and industrial companies’ shares somewhat irregular at the call-over on the Invercargill Stock Exchange yesterday. Quotations were as follows: Government Debentures

SYDNEY STOCK EXCHANGE market fairly active (Received September 17, 9.30 p.m.) SYDNEY, September 17. The investment market was fairly active with prices round late levels. There was a tendency to strengthen banking shares and give moderate support to gold. Tin stocks were mostly in buyers’ favour. Pastorals were steady.

MELBOURNE SALES At Melbourne, In spite of the lower metal prices on the London market shares were inclined to be steadier following the rise on the New York market with leaders showing a recovering tendency. Sales were:

RABBITSKIN SALE AT DUNEDIN The Otago Farmers’ Co-operative Association of New Zealand, Ltd., reports as follows on the rabbitskin sale at Dunedin:— > “Medium catalogues were submitted to the usual attendance of buyers. The quantity and quality of the offering is now going off, and prices generally showed a further decline. Low grade and off season skins were easier by 2d to 5d a lb. In the winter grades does can be quoted from par to Id a lb down, and bucks declined from lOd a lb to 15d a lb. Following is the range of prices:—Small, 163 d; milky, 28Jd to 36§d; summers, 27|d; racks, 36|d; autumns, 41d; spotty bucks, lOOd; spotty does, 66)d; second winter bucks, 112 d; second winter does, 80|d; first winter bucks, 125 d; first winter does, 95d; prime bucks, 128 d; prime does, 98d; outgoing bucks, 75d; outgoing does, 57)d; first spring bucks, 60d; first spring does, 36d; second spring bucks, 40d; second spring does, 30d; summer blacks, 16d; autumn blacks, 36d; winter blacks, 50d; outgoing and spring blacks, 30d; winter fawns, 60d; autumn fawn, 36d; summer fawn, 24d; hareskins, 22d to 41d; hair, to 23d.

THE WOOL MARKET

BRADFORD MARKET QUIET LONDON, September 16. At the wool sales 8485 bales were offered, including 2906 from New Zealand and 4245 were sold. There was a moderate selection, the quieter demand favouring buyers.’ The Home trade was again the chief buyer. New Zealand scoured Merinos "R. and Cont.’’ secured a top price of 30d and an average of 30d; sllpe halfbred lambs “Eclipse,” realized I9d and 19d. The Bradford tops market is quiet while yarns are easier.

GOVERNMENT SECURITIES (Received September 17, 5.5 p.m.) LONDON, September 16. Following are the latest quotations for Government securities compared with the

Buyers £ s d Sellers £ s d Stock, 31 p.c., 1938-52 103 15 0 Stock, 31 p.c., 1939-52 103 15 0 - Stock, 4 p.c., 1946 103 0 0 Bonds, 4 per cent., 1946 103 0 0 Stock, 4 p.c., 1949 104 15 0 Bonds, 4 p.c., 1949 104 15 0 Stock, 4 p.c., 1955 104 15 0 — — Bonds, 4 p.c., 1955 104 15 0 Banks 0 17 7 Commercial National of New 2 19 6 Zealand 2 17 3 New South Wales 33 0 0 New Zealand 2 4 9 9 16 0 Union of Australia - - Breweries 2 10 0 N.Z. Breweries Coal Kaitangata 1 3 ? Westport Coal 14 9 Insurance 0 18 4 National Standard Loan and Agency 2 19 0 Goldsbrough, Mort and Co. 1 14 0 Wright, Stephenson (pref.) 10 9 Meat Companies N.Z. Refrigerating (20/- paid) Jna — — (10/- paid.) 0 9 9 ———— South Otago Freezing Co. 10 0 0 — Shipping Union Steam Ship Co. (pref.) 16 6 P. and O. Stock 2 0 0 Woollen Mills Bruce (pref.) 116 0 14 9 Kaiapoi (ord.) Miscellaneous 4 13 0 Austi alian Glass Broken Hill Pty. 3 16 6 British Tobacco 2 10 0 (Aust.) — - G. J. Coles 4 15 0 —■ — D.I.C. (pref.) 14 0 — Dominion Fertilizer — — Dominion Investments 1 19 0 — Dunlop Rubber 1 2 11 (Aust.) Hume Pipe (Aust.) O'19 10 3 15 0 N.Z. Drug N.Z. Farmers’ 110 Fertilizers ■■ N.Z. Paper Mills 16 9 Otago Daily Times 2 6 6 — ■ ■— Wilson’s (N.Z.) Cement Mining 119 Broken Hill South 2 6 0 - " ■ Big River 0 10 0 16 Electrolytic Zinc 2 16 0 (ord.) 2 17 9 Gillespie’s Beach Oil - 111 " 0 0 5 Goldfields Dredging Mount Lyell 2 2 0 Mount Morgans 0 10 10 0 11 1 Nokomai — 0 2 6 Okarito 0 3 1 —— 0 0 3 Waipapa Unlisted Woolworths (Syd6 10 0 ney) Sale Reported Bonds, 4 p.c., 1946 103 2 6 Bonds, 4 p.c., 1949 105 0 0 Bonds, 4 p.c., 1955 105 5 0 — NORTHERN EXCHANGES SALES ON ’CHANGE

AUCKLAND £ 6 d Bonds 1943-46 4p.c. 103 5 0 Commercial Bank of Australia 17 3 National Bank of N.Z. 2 18 3 Bank of N.Z. (D mort.) 1 9 1/ Z 2 National Insurance 18 0 N.Z. Insurance 4 3 0 Farmers’ Co-op Auctioneering (£5 paid) 5 0 0 North Auckland Farmers (B pref.) 10 6 Taupiri Coal 16 0 Westport Stockton (pref.) 5 0V2 Auckland Gas (cont.) (2) 15 1 Dominion Breweries . 2 0 6 Broken Hill Propty. 3 14 0 Electrolytic Zinc (pref.) 2 16 0 Farmers’ Trading 1 0 9 Hume Pipe 1 0 0 N.Z. Newspapers (2) 1 18 0 N.Z. Refrigerating (cont.) 10 0 Taranaki Oil 6 7 >,'2 do. 6 7 Martha 15 3 Mount Lyell 2 1 6 do. 2 2 0 Mount Morgan (2) 10 9 Overseas List Woolworth’s Holdings (S.A.) 16 1 Unofficial Woolworths (Syd.) 6 5 0 CHRISTCHURCH £ 6 d Bank of N.Z. (2) 2 4 0 N.Z. Refrigerating (10/- paid) (2) 1 10 0 Dominion Breweries (2) 2 0 6 Anthony Hordern 18 6 British Tobacco . 2 8 0 Broken Hill Propty. 3 14 6 do. 3 14 0 do. 3 13 9 do. 3 16 0 do. 3 16 3 Electrolytic Zinc (ord.) 2 13 1 do. 2 13 0 do. 2 14 9 do. (pref.) (2) 2 16 0 G. J. Coles 4 15 6 Taranaki Oilfields (3) 6 8 Grey River (6/3 paid) (2) 7 3 Broken Hill South (2) 2 5 0 Mount Lyell (2) 2 1 6 do. (2) 2 1 7 do. 2 1 9 do. (2) 2 1 11 Mount Morgan (cum. div.) 10 9 do. (2) 10 10 North Broken Hill 3 11 0 Rawang Tin 11 11 Sales Reported N.Z. Government 4 p.c. Bonds 1946 103 5 0 Bank of New South Wales (odd parcel) 31 10 0 United Building Society (cum. div.) 1 1 0

Westport Stockton Coal (2) 5 1 N.Z. Breweries 2 9 3 Broken Hill Propty. 3 14 0 do. 3 14 Hume Pipe (Aust.) 1 0 0 Farmers’ Trading (new issue) 1 0 6 N.Z. Farmers’ Co-op 4% P-c. Stock 1940 89 10 0 Mount Morgan . 10 10 DUNEDIN £ 6 d Mount Lyell 2 1 10 Electrolytic Zinc (2) 2 14 3 Sales Reported 4p.e. Stock 1943-46 (2) 103 5 0 Broken Hill South 2 4 0 Mount Lyell (2) 2 1 10 Mount Morgan (cum. div.) 11 0 WELLINGTON £ s d 4p.c. Stock 1955 (Thurs.) 105 0 0 Australian Glass (Thurs.) 4 12 4 p.c. Stock 1946 103 0 0 Bank of N.Z. 2 4 6 Colonial Sugar 4G 15 0 Broken Hill Propty. (2) 3 14 4 do. 3 16 6 Dominion Fertilizer 1 3 11 Woolworths (N.Z.) (pref.) 1 18 3 Unofficial Woolworths Ltd. 6 5 0 National Tobacco 3 4 0

Sales were: £ s d Bank of New South Wales 32 17 6 Commercial Banking of Sydney (for N.Z. delivery) 20 10 0 National Bank (£5 paid) 6 16 0 Colonial Sugar 45 7 6 Bank of N.Z. 2 6 0 Associated Newspapers (pref.) 1 2 9 do. 1 2 10 Bums Philp (rights) 1 14 9 Australian Gas (A) 7 3 0 British Tobacco 2 9 6 Tooth's Brewery 2 15 0 Toohey’s Brewery 1 12 3 Wilcox Mofflin 13 9 Henry Jones 2 8 3 Electrolytic Zinc 2 15 6 Farmers 1 14 3 Anthony Hordern 19 0 do. (pref.) i 2 9 Cash Orders 17 9 Australasian Papers i 12 9 Morts Dock 11 6 Gordon and Gotch 2 13 9 John McGrath 1 18 6 Newbold Brick 1 15 0 Taubmanas 3 9 6 Paul and Gray 1 1 9 Hume Pipe 1 0 Victoria Nyanza 18 0 Mercantile Mutual Insurance 1 11 0 Mount Morgan 11 0 Mount Lyell 2 2 0 South Broken Hill 2 6 0 North Broken Hill 3 12 3 Rawang Tin 12 1 Puchong Tin 1 15 6 Pungah Tin 1 11 0 Burma Malay 2 1 6

£ s d Commercial Bank of Australia 17 4 Adelaide Steam 1 11 0 British Tobacco 2 9 3 G. J. Coles 4 16 6 Australian Iron and Steel (pref.) 1 7 9 Dunlop Perdriau Rubber (pref.) 1 2 7 do. 1 18 9 Goldsbrough Mort 1 13 4’4 Electrolytic Zinc 2 15 9 do. (pref.) 2 16 6 Felt and Textiles 1 19 9 General Motors 1 4 6 Melbourne Electric Stock 19 0 Mount Morgan 11 0 Mount Lyell 2 2 0 Broken Hill Propty. 3 18 0 North Broken Hill 3 12 0 South Broken Hill 2 6 0 Loloma 1 1 6

Quotations: Aug. 26 Sept. 2 Sept 9 Sept 16 70’s 40 39 >,'2 39’,'2 37 64’s 38 371/2 371/2 35 GO'S 3612 36 36 34 58's 33 32>4 321/2 31 56’s 30 30 30 281/2 50’s 26 26 26 251/2

prices ruling recently:— 16 d Sept. 9 d Sept. £ s £ 8 British— Consols 73 10 0 73 5 0 Funding Loan, 4 per cent. 110 10 0 110 15 0 War Loan, 3 p.c. 100 2 6 100 7 6 Con. Loan, 3’,4 p.c. 99 5 0 99 5 0 Victory Bonds, 4 per cent. 107 5 0 107 15 0 Commonwealth— 3 p.c., 1945-75 107 15 0 107 15 0 3 p.c., 1955-58 100 5 0 100 5 0 4 p.c., 1943-48 103 15 0 103 15 0 3% p.c., 1945-53 100 3 9 100 5 0 31/2 p.c., 1936-37 91 5 0 3% p.c., 1958-60 89 15 0 88 10 0 New South Wales— 4’,4 p.c., 1935-45 97 7 6 97 10 0 Victoria— 3 p.c., 1929-40 93 17 6 94 0 0 4% p.c., 1940-60 103 5 0 103 2 6 4 p.c., 1945-75 107 15 0 107 13 9 Queensland— 3 p.c., 1932-47 94 13 9 94 15 0 5 p.c., 1940-60 103 11 3 103 15 0 South Australia— 4 p.c., 1942-62 108 0 0 107 10 0 3 p.c., 1945-75 78 0 0 78 0 0 Western Australia— 4 p.c., 1942-64 . 101 5 0 101 3 9 Tasmania— 3’4 p.c., 1929-40 101 15 0 '101 17 6 4 p.c., 1940-50 101 15 0 101 13 9 New Zealand— 4>4p.c., 1948-50 103 18 9 104 7 6 3’,4 P-c., 1940 101 11 3 101 11 3 4 p.c., 1945 95 5 0 96 5 0