MONEY AND MARKETS

Southland Times, Issue 23376, 7 December 1937, Page 3

MONEY AND MARKETS

SHARE MARKET

INVERCARGILL STOCK EXCHANGE

IMPROVED TONE REPORTED There was an improved tone on the Invercargill Stock Exchange yesterday morning. Woolworths (Sydney), G. J. Coles and other industrials firmed in price. Banks were quiet, and prices were unchanged. The following sales were reported:— £ s d

NORTHERN EXCHANGES SALES ON ’CHANGE AUCKLAND

SYDNEY STOCK EXCHANGE INCREASING CONFIDENCE (Received December 6, 9.30 p.m.) SYDNEY, December 6. The increasing confidence overseas was reflected in a much improved tone on the Sydney share market today.

MELBOURNE SALES The better sentiment continues, although industrials show little change in price. Barriers improved further but trading was light.

AUSTRALIAN WHEAT SHIPMENT HARBLEDOWN CARRYING 300,000 BUSHELS (United Press Association) CHRISTCHURCH, December 6. The second big shipment of Australian wheat imported this month will be on the water by the end of this week. The Harbledown, carrying a little more than 300,000 bushels,' will leave Geelong on Saturday for Auckland. The Harbledown will discharge part of her cargo at Auckland and will bring wheat to several ports further south. The arrival of the Harbledown closely follows that of another ship of the same company, the Harmanieh, which is also carrying a big cargo of wheat, at Wellington. The importations to date this season bring the total for the season to considerably more than 1,500,000 bushels. In November alone approximately 500,000 bushels were imported, reflecting Canterbury’s own poor season for wheat. THE WOOL MARKET HIGHER PRICES AT SYDNEY (Received December 6, 10.25 p.m.) SYDNEY, December 6. At the resumption of the wool sales today, all average to good wools showing length and quality ruled from par to 5 per cent, above the closing rates of the previous Sydney series. Other descriptions were unchanged. Greasy Merino made up to 26d. The offering consisted of 7836 bales, of which 6610 were sold, also 930 privately. MINING RETURNS CLUTHA RIVER (United Press Association) DUNEDIN, December 6. The Clutha River dredge last week obtained a return of 1470 z. During the seven months of operation, the dredge has won a total of 57501 b. The London office advises that the estimated profit from May 1 to October 29 is £26,350. OKARITO (United Press Association) DUNEDIN, December 6. The Okarito dredge reports a washup of 340 z 18dwt for 125 hours’ work. MATAKI (United Press Association) AUCKLAND, December 6. The Mataki return for the week ended December 5 was 320 z for 116 hours’ work and 8000 yards. MATAKI JUNCTION (United Press Association) . MURCHISON, December 6. The Mataki Junction return for the week ended December 2, was 350 z of smelted gold for 117 hours’ work and 20,000 yards dredged.

Woolworths, Ltd. N.Z. Refrigerating 1 0 6 9 9 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, 31 p.c., . 1939-43 101 10 0 Stock, 31 p.c., 1939-52 101 0 0 — — Stock, 4 p.?., 194G 103 5 0 Bonds, 4 p.c., 1946 103 5 0 Stock, 4 p.c., 1949 103 5 0 Bonds, 4 p.c., 1949 103 5 0 Bonds, 4 p.c., 1955 104 10 0 105 0 0 Stock, 4 p.c., 1955 104 10 0 105 0 0 BANKS Australasia 11 10 0 Commercial 0 16 9 0 17 1 National of Australasia 6 17 0 7 3 0 National of New Zealand 2 18 0 New South Wales 31 15 0 — — — New Zealand 2 4 9 BREWERIES N.Z. Breweries 2 6 0 — — Dominion Breweries 2 1 0 COAL Kaitangata 15 3 — — Westport Coal 1 4 3 INSURANCE National 0 17 7 New Zealand 3 4 6 LOAN AND AGENCY Goldsbrough, Mort and Co. 1 12 3 Trustees’ Executors (Dunedin) 3 16 0 — — Wright, Stephenson (pref.) 10 6 — MEAT COMPANIES N.Z. Refrigerating (10/- paid) 0 8 10 — — South Otago Freezing Co. 5 12 6 6 0 0 SHIPPING Huddart-Parker (pref.) l/o Union Steam Ship Co. (pref.) 16 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 2 6 — — Broken Hill Pty. (5/- paid) 1 14 9 — — — G. J. Coles 4'2 3 — — D.I.C. (pref.) 13 6 — Dominion Fertilizer 1 4 6 Dominicn Investments 1 19 0 — Dominion Rubber Co. 1 9 0 Dunlop Rubber (Aust.) 119 — — Hume Pipe (Aust.) 1 0 1 Milburn Lime and Cement 2 1 6 N.Z. Guarantee Cor poration 0 4 10 N.Z. Paper Mills 15 9 — • Otago Daily Times 2 6 6 — Permanent Building Society 5 14 6 — — Woolworths (N.Z.) 5 0 0 Shillings, Ltd. 0 19 0 Woolworths Ltd. 16 6 — MINING Big River 0 12 — — Electrolytic Zinc— (ord.) 2 7 0 — — (pref.) 2 9 3 — — Gillespie’s Beach 0 1 3 Goldfields Dredging 0 0 3 Kildare 0 1 0 Mount Lyell 1 12 9 — — Mount Morgans 0 12 4 — Nokomai 0 2 1 — — Okarito 0 3 6 North Broken Hill 2 12 0 — — Rawang Tin 0 10 11

£ s d E.S. and A. Bank 5 6 0 Bank of New South Wales 32 10 0 do. 32 12 6 Bank of N.Z. (2) 2 4 7 N.Z. Insurance 3 4 0 South British 4 18 6 Renown Collieries 9 9 Broken Hill Propty. 2, 2 9 do. (cont.) (2) 1 15 6 Colonial Sugar 46 0 0 Electrolytic Zinc 2 7 6 G. J. Coles 4 2 6 M. K. Millinery 12 10 Taranaki Oil 7 4 do. (3) 7 6 Martha 13 6 Mount Morgan 12 6 CHRISTCHURCH £ s d E.S. and A. Bank 5 5 0 Australian Glass 4 6 8 do. (3) 4 7 0 British Tobacco (cum. div.) (4) 2 9 9 Broken Hill Propty. 3 3 1 do. 3 3 2 Electrolytic Zinc (ord.) (2) 2 7 6 do. (pref.) (6) 2 10 0 G. J. Coles 4 2 3 do. (2) 4 2 4 Taranaki Oilfields 7 7 Woolworths (Syd., ord.) (2) 1 6 8 do. (7) 1 6 5 Grey River (7/6 paid) 9 3 Mossy Creek 1 1 Broken Hill Sout;i (4) 1 17 10 Mount Lyell (2) 1 13 3 do. (4) 1 13 4 do. <4) 1 13 3 do. (2) 1 13 2 Mount Morgan 12 5 do. 12 4 North Broken Hill 2 14 0 McKenzies (rights) 2 3 3 Sales Reported N.Z. Breweries (3) 2 7 6 British Tobacco 2 9 10 Broken Hill Propty. (new) 1 15 6 G. J. Coles 4 2 6 Kauri Timber 1 2 6 Taranaki Oilfields 7 7 Woolworths (Syd., ord.) : 1 6 6 Mount Morgan 12 5 DUNEDIN £ s d Taranaki Oil (3) 7 5 Woolworths (Syd.) 1 6 6 Sales Reported Broken Hill South (Sat.) n Bank of N.Z. 2 4 6 Commercial Bank J u 11

National Bank of Australia (cont. 7 0 0 Goldsbrough Mort 1 12 3 Woolworths’ (Syd., 3) 1 6 7 N.Z. Breweries 2 7 WELLINGTON £ 8 d Broken Hill Propty. (5) (Sat.) 3 2 9 Electrolytic Zinc (ord.) (Sat.) do. 2 2 7 7 6 3 do. 2 7 5 G. J. Coles (Sat.) (2) 4 2 4 McKenzies (odd lot) (Sat.) 3 13 6 Woolworths Ltd. (Sat.) do. 1 1 6 6 6 7 Broken Hill South (Sat.) 1 18 6 Mount Lyell (Sat.) do. 1 1 13 13 4 3 3>/ 2 p.c. Stock 1939-43 100 15 0 4 p.c. Bonds 1946 103 0 0 Wellington Harbour Board 5)4 p.c 1940 101 10 0 N.Z. Breweries 2 7 6 do. 2 7 9 British Tobacco 2 9 9 do. 2 9 10 Broken Hill Propty. 3 3 3 Consolidated Brick 7 5 G. J. Coles (2) 4 2 6 McKenzies (odd lot) 3 13 6 Taranaki Oil (2) 7 8 do. (3) 7 9 Woolworths Ltd. (5) 1 6 7 Broken Hill South 1 18 4 Mount Morgan 12 4 do. 12 5/2 After Last Call Bank of N.Z. 2 4 6 Colonial Sugar (2) 46 2 6

Sales were: £ s d Commercial Banking of Sydney 20 7 0 Commercial Bank of Australia 17 3 Queensland National Bank 5 4 0 Bank of Australasia 10 15 0 Bank of N.Z. 2 4 9 Colonial Sugar 46 12 6 Adelaide Steam 1 11 0 Howard Smith 1 1 0 Huddart Parker 2 2 6 British Tobacco 2 10 3 Carlton Brewery 3 2 0 G. J. Coles 4 4 0 Dunlop Perdriau Rubber 1 2 8 Anthony Hordern 19 0 Kandos 1 4 0 Morts Dock 10 3 Westinghouse 1 2 6 Cash Orders 16 7’,4 Felt and Textiles 1 16 6 Newbold Brick 1 13 0 Peters 2 14 0 W. H. Soul 4 3 0 Goldsbrough Mort 1 12 9 Wilcox Mofflin 10 9 Henry Jones 2 6 6 Fairymead Sugar 1 15 0 Wool worths 1 6 7>/ a Mount Morgan 12 6 Mount Lyell 1 13 10>/ 2 do. (N.Z. delivery) 1 13 10>/ 2 Broken Hill Propty. 3 3 9 North Broken Hill > 2 16 0 South Broken Hill 1 18 9 Rawang Tin 10 11 Taranaki Oil 7 4

Sales were: £ s d Commercial Banking of Australia 17 3 National Bank (£10 paid) 14 b 0 British Tobacco 2 10 6 G. J. Coles 4 4 0 Dunlop Perdriau Rubber 1 2 7 Goldsbrough Mort 1 12 7>/2 9 Woolworths (New South Wales) 1 6 Australian Paper (pref., 10/- paid) 14 0 Australian Foundation Investment Trust 5 7 Electrolytic Zinc 2 8 0 do. (pref.) 2 11 0 Mount Lyell 1 13 9 Broken Hill Propty. 3 3 6 North Broken Hill 2 15 9 South Broken Hill 1 18 9 Emperor 12 5 Loloma 17 6 Taranaki 7 6