SHARE MARKET

Southland Times, Issue 23374, 4 December 1937, Page 4

SHARE MARKET

INVERCARGILL STOCK EXCHANGE

IMPROVEMENT SHOWN BY INDUSTRIAL SHARES

Australian mining stocks were firmer on the Invercargill Stock Exchange yesterday morning. Bank shares were quiet, but industrials are showing a better tone, some lines recovering lost

NORTHERN EXCHANGES SALES ON ’CHANGE AUCKLAND

THE WOOL MARKET BRADFORD FIRMER AND MORE CONFIDENT (Received December 3, 6.30 p.m.) LONDON, December 2. The Bradford wool market is firmer and there is more confidence at the current levels. Quotations:

DAIRY PRODUCE MARKETS BUTTER ANL CHEESE QUIET IN LONDON (Received December 3, 6.30 p.m.) LONDON, December 2. The butter and cheese markets are quiet. Quotations: BUTTER Nov. 25 Dec. 2. Danish 141 to 142/- 152/- to 154/New Zealand— Choicest salted 114 A to 115/- 114/Unsalted 120/-to 122/- 119/-to 120/Australian — Choicest salted 112/- to 113/- 112/Unsalted 116/- to 118/- 116/CHEESE New Zealand — White 68/6 68/Coloured 76/6 76/Australian — White 67/- to 67/6 66/- to 67/Coloured 66/- to 66/6 65/6 to 66/SYDNEY STOCK EXCHANGE BUYERS CONTINUE TO HOLD OFF (Received December 3, 9.20 p.m.) SYDNEY, December 3. The Stock Exchange continues quiet, with buyers holding oft; consequently there were no important movements in industrials or base metal stocks.

MELBOURNE SALES There was a continuation of the slight improvement in the general tone of the market but trading was still very quiet. Sales were:

SYDNEY PRODUCE MARKETS (Received December 3, 9.30 p.m.) SYDNEY, December 3. The wheat market is steady and trading is quiet. Quotations: New season’s bulk wheat, 4/6A a bushel; old, 4/6; bagged, 4/B|. Flour.—£ll 5/- a ton. Bran and Pollard.—£7 a ton. Potatoes.—Tasmanian, £4 5/- a ton; others, £3. Onions.—Queensland, £6 a ton. Maize. —Yellow, 5/- a bushel; white, 4/9.

ground. The following sales were reported:— £ s d Bank of New Zealand, <D” issue 1 10 3 Bank of New Zealand, <D” issue 1 10 4 Bank of New Zealand, *D” issue 1 10 3 Southland Frozen Meat 1 8 0 Invercargill City Debentures, 1951-56, 4J p.c. 104 0 0 Otago Daily Times 2 7 0 The following quotations were called: — GOVERNMENT debentures Buyers Sellers £ s d £ s d Stock, 31 p.c., 1938-43 101 10 0 — Stock, 31 p.c., 1938-52 101 0 0 — Stock, 3J p.c., 1939-43 — — 101 10 0 Stock, 31 p.c., 1939-52 101 0 0 — Stock, 4 p.c., 1946 102 15 0 —— Bonds, 4 p.c., 1946 102 15 0 — Stock, 4 p.c., 1949 102 15 0 Bonds, 4 p.c., 1949 102 15 0 — Stock, 4 p.c., 1955 105 0 0 Bonds, 4 p.c., 1955 105 0 0 — BANKS Australasia — 11 5 0 Commercial — 0 17 1 Nation'i of New Zealand - 2 17 6 New South Wales 31 17 6 ——— New Zealand 2 4 0 — New Zealand Long “D” issue 1 10 0 — BREWERIES Dunedin Brewery Co. — 1 11 0 N.Z. Breweries 2 5 0 — COAL Kaitangata 1 5 0 —— Westport Coat — 1 4 6 INSURANCE National — 0 17 7 New Zealand — 3 5 3 Standard — 3 0 6 LOAN AND AGENCY Dalgety and Co. — 10 0 0 Goldsbrough, Mort and Co. 1 12 3 Trustees’ Executors (Dunedin) 3 16 0 — Wright, Stephenson (ord.) 1 2 0 (pref.) 1 6 6 1 1 3 MEAT COMPANIES N.Z. Refrigerating (20/— paid) — 0 19 6 (10/- paid) 0 8 9 0 9 3 South Otago Freezing Co. 5 12 6 6 0 0 SHIPPING Huddart-Parker — 2 2 6 Union Steam Ship Co. (pref.) 1 6 9 — WOOLLEN MILLS Bruce — 0 10 0 Kaiapoi (pref.) ■— — 0 17 3 Oamaru — 0 18 0 MISCELLANEOUS Australian Glass .4 5 0 — Broken Hill Pty 3 1 9 — Broken Hill Pty. (new) 1 13 0 — British Tobacco (Aust.) — 2 10 0 G. J. Coles 4 2 6 •' — D.I.C. (pref.) 1 3 6 — Dominion Fertilizer — ■ 1 4 b Dominion Investments 1 19 0 — Dominion Rubber Co. 1 10 0 Donaghy’s Rope and Twine —— ■ 2 7 0 Dunlop Rubber (Aust.) 1 1 9 1 2 3 Hume Pipe (Aus.) .. 1 0 0 Milbum Lime and Cement — 2 1 6 N.Z. Drug — 3 14 6 N.Z. Guarantee Corporation —■ ——« 0 4 11 N.Z. Paper Mills 1 5 9 Otago Daily Times 2 6 6 — Woolworths (N.Z.) — b 2 0 Shillings, Ltd. 0 19 0 Woolworths Ltd. 1 6 4 — MINING Broken Hill South 1 17 6 — Big River 0 1 2 — Gillespie’s Beach — 0 1 4 Mount Lyell 1 12 11 —- Mount Morgans 0 11 8 — Nokomai — 0 2 3 Waipapa • 0 0 3 North Broken Hill 2 12 6 — Rawang Tin 0 10 0 —

£ s d Stock 1953-57 3>/ 3 p.c. 98 5 0 Auckland Transport Board 1942 4’,'4 p.c. 101 10 0 Commercial Bank of Australia 16 9 Bank of New South Wales 32 7 6 Bank of N.Z. 2 4 do. (D mort.) 1 10 l‘/ 3 N.Z. Insurance (2) o 4 0 South British 4 18 6 Dominion Investment 19 6 Devonport Ferry 19 8 Dominion Breweries (3) 2 0 0 do. (pref.) 2 0 0 British Tobacco 2 9 6 Broken Hill Propty. (2) 3 2 3 do. (cont.) 1 14 3 Burns Philp 2 14 6 Consolidated Brick 7 4 Electrolytic Zinc (2) 2 7 0 do. (pref.) 2 9 0 G. J. Coles 4 2 3 do. 4 2 6 do. (2) 4 2 4 Taranaki Oil 7 0 do. 7 3 do. 7 4 Woolworths (Syd.) 1 7 3 do. 1 7 5 do. 1 7 0 do. 1 6 10 Mount Lyell 1 13 5 do. 1 13 3 Mount Morgan 12 0 do. (2) 12 1 Unofficial Whakatane Paper Mills (pref.) 15 0 WELLINGTON £ s d Commercial Bank (2) (Thurs.) 16 10 G. J. Coles (2) (Thurs.) 4 2 3 Broken Hill Propty. (Thurs.) 3 2 9 do. 3 3 0 British Tobacco (Thurs.) (2) 2 9 4 >' 2 Hume Pipe (Thurs.) 19 6 Woolworths Ltd. (Thurs.) 1 7 5 do. 1 7 3 Bank of N.Z. i 2 4 6 do. 1 2 4 7 South British Insurance 4 18 6

Huddart Parker 2 1 3 N.Z. Breweries 2 6 6 do. 2 5 9 Dominion Breweries 1 19 9 British Tobacco (3) 2 9 7 Colonial Sugar 45 17 6 Electrolytic Zinc (ord.) 2 7 6 G. J. Coles (2) 4 2 do. (3) 4 2 6 General Industries (2) 18 9 Henry Jones 2 6 6 Hume Pipe 19 6 McKenzies (rights) 2 1 9 Procera Bread 12 6 Woolworths Ltd. 1 7 5 do. 1 7 2 do. 1 7 1 Mount Lyell do. 1 1 13 13 4V 2 1 Mount Morgan 12 0 do. 12 1 CHRISTCHURCH £ s d Commercial Bank of Australia 16 9 do. 16 10 Australian Glass (2) 4 6 4 British Tobacco 2 9 6 Broken Hill Propty. (5) 3 2 3 Dunlop Rubber (2) 1 2 1 Electrolytic Zinc (ord.) 2 6 10 do. 2 6 11 do. (3) 2 7 0 do. 2 7 6 do. 2 7 5 do. (pref.) 2 9 2 do. 2 9 4 do. (3) 2 10 0 G. J. Coles 4 2 0 do. 4 2 2 do. 4 2 3 do. (4) 4 2 4 do. (4) 4 2 3 do. 4 2 5 do. 4 2 2 Hume Pipe (Aust.) (2) 19 6 Taranaki Oilfields 7 1 Woolworths (Syd., ord.) 1 7 0 do. 1 6 11 do. 1 6 9 do. 1 6 8 do. 1 6 6 do. 1 6 7 do. (2) 1 6 8 do. (3) 1 6 9 do. 1 6 10 Woolworths (South Africa) 14 7 do. (3) 14 6 Broken Hill South 1 17 3 Mount Lyell (5) 1 13 0 do. (3) 1 13 2 do. (2) 1 13 3 do. 1 13 2 Mount Morgan 11 11 do. (2) 12 1 Sales Reported Bank of N.Z. (D mort. shares) 1 10 2 Dunlop Rubber 1 2 1 do. 1 2 3 G. J. Coles 4 2 5 Hume Pipe (Aust.) 19 6 Electrolytic Zinc (pref.) (2) 2 10 0 Woolworths (Syd., ord.) 1 6 11 Woolworths (South Africa) 14 7 Mount Lyell (2) 1 13 5 N.Z. Breweries 2 7 0 DUNEDIN £ s d Dominion Breweries (cum. div.) 2 0 6 Sales Reported 4 p.C. Stock 1913-46 103 0 0 do. 1946-49 (2) 103 0 0 Goldsbrough Mort 1 12 0 G. J. Coles 4 2 5 Electrolytic Zinc (ord.) 2 7 0 do. 2 7 3 Mount Lyell 1 13 3 do. 1 13 2 Rawang Tin 10 8

Nov. 11 Nov. 18 Nov. 25 Dec. 2 70's 31 >/2 30 — 30 64’s 30 28 — 28 60’s 29 27 — 27 58’s 26 241'2 — 241' 2 56's 25 23 — 23 50's 23 20 — 20

Sales were: £ s d Commercial Banking of Sydney 20 2 0 Bank of Australasia 10 15 0 Colonial Sugar 46 2 6 Associated Newspapers (pref.) 1 4 3 Burns Philp 2 15 0 Australian Gypsum 19 10>/ 2 British Tobacco 2 10 0 Tooth’s Brewery 2 13 0 Toohey's Brewery 1 11 3 Australian Glass 4 7 3 G. J. Coles 4 3 0 General Industries 19 0 Felt and Textiles (old) 1 15 7'/2 J. McGrath 1 18 0 W. R. Carpenter 2 Standard Cement 17 s Australian Wood and Pipe i u Bradford Cotton 2 13 0 Goldsbrough Mort 1 12 9 Wilcox Mofflin 10 8 Wunderlich Hosiery 1 0 9 Electrolytic Zinc 2 7 9 do. (pref.) 2 1 0 Broken Hill Propty. 3 3 3 South Broken Hill 1 18 6 Rawang Tin 10 9 Taranaki Oil 7 3 Woolworths (ord.) 1 6 7’/2

£ s d Commercial Bank of Australia 17 0 National Bank (£5 paid) 7 2 0 Union Bank 9 10 0 Adelaide Steam 1 11 0 British Tobacco 2 10 3 Carlton Brewery 3 2 0 G, J. Coles 4 2 9 Drug Houses 1 5 3 Australian Glass 4 7 3 Dunlop Perdriau Rubber 1 2 4 Goldsbrough Mort 1 12 9 Woolworths (New South Wales) (ord.) 1 6 9 Felt and Textiles 1 16 6 Australian Paper (pref.) 1 5 41i Electrolytic Zinc 2 7 9 Mount Morgan 12 5 Mount Lyell » 1 13 3 Broken Hill Propty. 3 3 3 North Broken Hill 2 15 0 South Broken Hill 1 18 6 Emperor 12 6 Taranaki Oil 7 2