MONEY AND MARKETS

Southland Times, Issue 23346, 2 November 1937, Page 3

MONEY AND MARKETS

SHARE MARKET

INVERCARGILL STOCK EXCHANGE IMPROVEMENT IN BANKING SHARES

SYDNEY STOCK EXCHANGE INVESTORS STILL TRADING CAUTIOUSLY (Received November 1, 9-55 pm.) SYDNEY, November 1. Investors continue to trade cautiously on the Stock Exchange and the volume of business was therefore restricted; the tone of the market was steady, tending stronger.

MINING RETURNS CLUTHA RIVER (United Press Association) DUNEDIN, November 1. The Clutha River return for the week ended October 29 was 188 oz for 100 hours’ work. MATAKI (United Press Association) AUCKLAND, November 1. The Mataki return for the week ended October 31 was 290 z for 110 hours’ work and 7500 yards.

—— The market for banking shares tended to improve on the Invercargill Stock Exchange yesterday morning. Australia mining stocks were easier. Quotations were called i as follows: — GOVERNMENT DEBENTURES Buyers Sellers £ s d £ s d Stock, 31 p.c., 1938-43 - 101 10 0 Stock, p.c.. 1938-52 104 0 0 — Stock, 3J p.c., 1939-43 - 101 10 0 Stock, 3£ p.c., 1939-52 104 0 0 —— Stock, 4 p.c. 1946 - 103 0 0 Bonds, 4 p.c. 1946 - 103 0 0 Stock, 4 p.c., 1955 104 15 0 ■ — — Bonds, 4 p.c., 1955 104 15 0 — BANKS Australasia 11 12 0 Commercial 0 17 8 National of Australasia 7 8 0 —— — National of New Zealand 2 17 0 2 19 0 New South Wales 33 0 0 New Zealand 2 3 9 2 4 3 New Zealand Long “D” issue 1 9 6 Union of Australia 9 9 0 — BREWERIES Dunedin Brewery Co. 1 9 6 N.Z. Breweries — 2 9 0 COAL Kaitangata 1 3 6 — Westport Coal 1 5 6 INSURANCE National 0 18 1 Standard 3 0 6 LOAN AND AGENCY Dalgety and Co. 9 12 6 —- - N.Z. Loan and Mercantile 36 0 0 Wright, Stephenson (pref.) 1 0 3 1 1 3 MEAT COMPANIES N.Z. Refrigerating— (20/- paid) 0 19 6 1 0 3 (10/- paid) 0 9 6 0 9 11 Southland Frozen Meat 1 9 0 South Otago Freezing Co. 5 5 0 6 0 0 SHIPPING Huddart-Parker 2 3 0 Union Steam Ship Co. (pref.) 1 6 6 WOOLLEN MILLS Bruce — 0 12 6 Kaiapoi (pref.) 0 17 3 MISCELLANEOUS Australian Glass 4 12 9 Broken Hill Pty. 3 5 6 ■ British Tobacco (Aust.) 2 7 6 2 9 0 G. J. Coles 4 12 9 D.I.C. (pref.) 1 4 0 Dominion Fertilizer 1 4 0 1 4 9 Dunlop Rubber (Aust.) 1 2 8 Milburn Lime and Cement 2 3 6 N.Z. Drug — 3 15 0 N.Z. Farmers’ Fertilizers 1 0 0 -- ■ ■ N.Z. Paper Mills 1 5 Wiison’s (N.Z.) 0 Cement 1 0 0 Woolworths (N.Z.) 5 1 6 — Shillings Ltd. 0 18 9 MINING Broken Hill South 1 19 0 — Big River 0 1 3 0 1 5J Electrolytic Zinc (ord.) 2 12 0 (pref.) . 2 14 0 ■— Goldfields Dredging 0 0 3 Kildare 0 1 3 Mount Lyell 1 19 0 Mount Morgan 0 11 b 1 Nokomai 0 2 4 Okarito 0 2 9 — Skippers 0 0 4 Waipapa 0 0 3 UNLISTED Woolworths (Sydney) 1 10 0 Selfridges (Aust.) 1 12 6 — NORTHERN EXC :h AS FG ES - SALES ON ’CHANGE ■ AUCKLAND £ s d Stock 1943-46 4 p.c. 103 0 0 City of Auckland 1944-46 4',4 ’ do. 1944-67 4’A p.c. p.c. 104 0 0 104 0 0 Mount Eden Borough 1942-47 4',4 p.c. 102 0 0 Gisborne Sheep Farmers 1941 6>,2 p.c. 101 15 0 Bank of N.Z. 2 3 11 South British 4 16 6 Abraham and Williams (pref.) 4 15 0 New Sinking (ord.) 1 0 Northern Steam (paid) 4 0 Auckland Gas 1 1 11 Renown Collieries (pref.) (2' 1 2 6 Dominion Breweries (2) 2 0 9 do. (odd lot) 2 0 8 do. 2 0 9 N.Z. Breweries 2 8 9 do. (2) 2 8 10 Tui Brewery 2 14 0 Broken Hill Propty. 3 6 0 do. (rights) (odd lot) 1 10 7 Dominion Fertilizer 1 3 10 Dunlop Perdriau 1 2 7 do. 1 3 0 Electrolytic Zinc (pref.) 2 14 6 Farmers' Trading (new, 8/- ; paid) 7 6 G. J. Coles 4 13 7 do. 4 13 9 Morts Dock 11 4 McKenzies 4 10 0 Northern Roller Mills 1 1 0 Woolworths (N.Z.) (old) 5 6 0 Martha 16 3 Waihl Junction 2 10 Mount Morgan 11 8 North Broken Hill 2 15 0 Unofficial Woolworths (Syd.) 1 9 6 WELLINGTON £ s d 4 p.c. Bonds 1946 (Sat.) 103 0 0 Goldsbrough Mort (Sat.) 1 14 4 Hume Pi r e (Sat.) 1 0 0 N.Z. Paper Mills (Sat.) (2) 1 6 1’/ North Broken Hill (Sat.) 2 15 3 4 p.c. Bonds 1946 103 0 0 Bank of N.Z. (2) 2 4 0 N.Z. Guarantee Corporation 4 9 Dominion Breweries 2 0 6 Broken Hill (rights) 1 10 3 Dunlop Perdriau 1 2 6 McKenzies 4 10 0 Broken Hill South 2 0 9 Unofficial Selfridges (Australasia) 1 12 6 CHRISTCHURCH £ s d N.Z. Guarantee Corporation 4 10 N.Z. Breweries 2 8 9 British Tobacco 2 8 3

Broken Hill Propty. (cum. div.) (2) do. do. (rights) (2) do. (5) do. do. (5) do. (6) Dunlop Rubber 3 3 1 1 1 1 1 1 5 5 10 10 10 10 10 2 3 9 10 4 5 4 5 4 10 o do. (2) Electrolytic Zinc (ord.) (2) 2 11 13 9 6 G. J. Coles (2) do. (3) 4 13 9 Taranaki Oilfields (2) do. Woolworths (N.Z., ord.) (6) do. ™ • X /.X Woolworths (South Africa) (4) do. Grey River (7/6 paid) (4) 5 5 6 4 4 15 14 9 9 0 6 0 11 6 Mount'Lyell (2) 1 11 Mount Morgan North Broken Hill (2) 2 14 Sales Reported N.Z. Government 4 p.c. Inscribed 1943-46 102 15 0 Waimakariri River Trust 4>4 p.c. 1947 Blenheim Borough 5’,' 2 p.c. 1944 103 102 10 10 0 0 q Bank of N.Z. (2) 2 Q National Insurance g N.Z. Breweries Broken Hill Propty. (2) 3 6 0 do. (rights) 1 10 6 Electrolytic Zinc (ord.) (2) 2 12 0 Woolworths (N.Z., ord.) 5 4 6 Grey River (7/6 paid) 9 6 10 Argo Unlisted N.Z. Perpetual Forests 2 3 0 DUNEDIN Sales Reported £ s d Sandhills (2) Bank of N.Z. 2 Broken Hill Propty. (rights) 1 10 6 N.Z. Paper Mills 1 6 0 McKenzie's Department Stores 4 10 0 North Broken Hill 2 14 9 do. (after call) 2 15 0 Broken Hill Propty. (ex rights) 3 5 9

Sales were: £ s d Bank of New South Wales 33 17 6 Colonial Sugar 47 5 0 Associated Newspapers 1 3 9 do. (pref.) 1 3 9 Australian Gas (A) 7 9 0 British Tobacco 2 9 0 Tooth’s Brewery 2 15 6 Drug Houses 1 5 9 Dunlop Perdriau Rubber 3 6 Farmers 1 13 9 David Jones 2 2 0 Anthony Hordern 19 0 Morts Dock 11 6 Felt and Textiles 1 16 0 do. (rights) 14 1 Newbold Brick 1 18 3 Gordon and Gotch 2 14 9 Peters 2 14 6 W. H. Soul 4 6 6 Winchcombe Carson 1 13 6 - Millaquin Sugar 1 18 0 Electrolytic Zinc 2 12 9 Mount Morgan 11 6 Mount Lyell 1 19 3 do. (N.Z. delivery) 1 19 3 Broken Hill Propty. 3 6 0 do. (rights) 1 10 4y 2 North Broken Hill 2 16 6 Taranaki Oil 6 9 MELBOURNE SALES Commonwealth loans were strong with few sellers: Investments were steady but quiet in view 0/ the holiday tomorrow; and gold was irregular, with Loloma showing a fair rise early on the production report Sales were: £ s d Commercial Bank of Australia 17 9 National Bank (£5 paid) 7 10 0 G. J. Coles 4 15 0 Drug Houses 1 5 Dunlop Perdriau Rubber 1 3 7 Felt and Textiles 1 16 0 do. (rights) 14 0 Australian Paper (pref.) 1 4 6 Melbourne Electric Stock 19 6 Electrolytic Zinc 2 12 6 do. (pref.) 2 15 6 Mount Morgan 11 7 Mount Lyell 1 19 0 Broken Hill Propty. 3 6 6 North Broken Hill 2 16 3 South Broken Hill 2 1 0 Emperor 13 7 Loloma 19 1 .. 1

GOVERNMENT SECURITIES (Received October 29, 6.30 p.m.) LONDON, October 28. Following are the latest quotations for Government securities compared with the prices ruling recently:— Oct. 21 Oct. 28. £ s d £ s d British— Consols 74 0 0 74 10 0 Funding Loan, 4 per cent. 110 5 0 110 15 0 War Loan, 3 p.c. 101 12 6 110 5 0 Con. Loan, 3’,a P-c 100 5 0 100 15 0 Victory Bonds, 4 per cent. 109 5 0 110 5 0 Commonwealth— 3 p.c., 1945-75 ' 108 0 0 108 12 6 3 p.c., 1955-58 102 7 6 102 10 0 4 p.c., 1943-48 101 5 0 101 7 6 3% p.c., 1945-53 92 12 6 93 7 6 3>/ 2 p.c., 1936-37 ■ P-C., 1958-60 89 15 0 90 2 6 New South Wales— 41,4 p.c., 1935-45 98 15 0 98 15 0 Victoria— 3 p.c., 1929-40 94 15* 0 95 0 0 4% p.c., 1940-60 104 0 0 104 12 6 4 p.c., 1945-75 107 12 6 108 7 6 Queensland — 3 p.c., 1932-47 95 17 6 96 5 0 5 p.c., 1940-60 104 6 3 104 15 0 South Australia — 4 p.c., 1942-62 107 8 9 103 3 9 3 p.c., 1945-75 79 0 0 79 7 6 Western Australia— 4 p.c., 1942-64 102 10 0 101 12 6 Tasmania— 31'2 p.c., 1929-40 101 17 6 102 12 6 4 p.c., 1940-50 102 7 6 102 10 0 New Zealand — 4>/ 2 p.c., 1948-50 105 0 0 105 1 3 3>,' 2 p.c., 1940 102 7 6 102 10 0 4 p.c., 1945 97 17 6 97 17 6 METAL MARKET (Received October 29, 6.30 p.m.) LONDON, October 28. Metals are quoted as follows:— Oct. 27 Oct 28. £ s d £ s d Copper— Standard, Spot 42 10 0 43 11 3 Forward 42 16 10 >/ 2 43 16 10 >/ 2 Electrolytic 47 10 0 48 0 0 to 49 C 0 50 ( 0 Wire bars 49 0 0 50 0 0 Lead— Spot 17 16 10 >/ 2 18 11 3 Forward 17 15 7‘,' 2 18 9 4>/z Spelter— Spot 16 16 10'/ 2 17 7 6 Forward 16 19 4*/ 2 17 1 10', ' 2 TinSpot 206 5 0 209 17 6 Forward 206 2 6 209 17 6 Silver— Fine, per oz 19 15-16d 19 15-16d Standard, per oz 21 1 , 2 d 21 ‘, 2 d