Money And Markets THE STOCK EXCHANGES

Southland Times, Issue 23388, 21 December 1937, Page 3

Money And Markets THE STOCK EXCHANGES

WELLINGTON SALES LATE SATURDAY

CHRISTCHURCH

DUNEDIN

Little Change Shown On Share Market Conditions on the Invercargill Stock Exchange yesterday morning showed little change. Banks were steady with limited inquiry, and Australian banking shares were quiet. Frozen meat companies’ shares were inclined to be dull, although there was inquiry for Southland Frozen Meats. Woollen and shipping shares were not inquired after to any extent. The inquiry for mining shares was confined to the Australian section and there appears to be a firming tendency for base metal companies’ shares.

SYDNEY (Received December 20, 9.30 p.m.) SYDNEY, December 20. The more confident sentiment reported to exist in the overseas market was reflected in a stronger undertone on the Sydney Stock Exchange today. The volume of business was also much greater than in past weeks and general steadiness characterized the market.

MELBOURNE The market was very dull, with little variation in prices. Sales were:

COMPANY NEWS TALISMAN DUBBO Talisman Dubbo Gold Mines, Ltd., is offering shareholders an issue of 11,620 contributing shares of 5/- each at par in the proportion of one nevz share for every five shares held as at December 17. The offer is open for 14 days from that date. The sharas are payable 1/each on application, 1/- on allotment, and the balance in monthly payments of 1/- u share. The company has a capital of £20,000 in 80,000 shares of 5/- each, of which 58,059 shares have been issued. With the new issue of 11,760 shares, the total subscribed capital will be £17,419 15/6. TOOHEY’S TO ISSUE NEW SHARES (Received December 20, 6.30 p.m.) SYDNEY, December 19. Toohey’s Limited has decided to issue 175,009 shares at a premium of 8/each in the proportion of one for 10 held. MINING RETURNS MARTHA The following information has been cabled to London by the Martha Gold Mining Company (Waihi), Limited:— No. 4 Level.—At 141 ft in Lovett south-east crosscut we have driven to the east 45ft. The vein is small and value irregular. No. 5 Level.—Talon North crosscut at 85ft each of No. 2 shaft, new northwest crosscut: At 85ft north we have intersected quartz sft wide, the assay value being 21/3 a ton. No. 6 Level, north branch of Martha Lode. —Driving west, in the next 24ft, the width is about IJft, and the assay value irregular. In the next 27ft the width is small, and the assay value low. No. 7 Level, west branch of Edward Lode.—Driving south-west from Roach crosscut, the next 42ft assays 23/- a ton. The reef is wider than the drive. GILLESPIE’S BEACH (United Press Association) DUNEDIN, December 20. The Gillespie’s Beach wash-up was 40oz lOdwt for 125 hours. CLUTHA RIVER (United Press Association) DUNEDIN, December 20. The Clutha River return for the week ended Friday was 150 oz of gold for 128 hours. MATAKI (United Press Association) AUCKLAND, December 20. The Mataki return for the week ended December 19 was 28oz for 137 hours’ work and 10,400 yards. DUNEDIN WOOL SALE GROWERS DISINCLINED TO MEET MARKET The disinclination of Otago wool growers to meet the market, although it has risen within the past month, is indicated by the failure to meet the allocation of 28,000 bales for the first Dunedin sale today. The offering will be more than 20 per cent, less tha:i the quantity auctioned in December last, not even the brokers’ estimate of total catalogues of 25,000 having been reached. The various firms will sell as follow:— Bales.

The following sale was reported:— Government Stock, 1938-52 3% p.c. Quotations were as follows £ 101 s 5 d 0 GOVERNMENT DEBENTURES Buyers Sellers £ s d £ s d Stock, 3J p.c., 1938-43 100 5 0 — Stock, 3J p.c., 1938-52 101 0 0 Stock, 3| p.c., 1939-43 100 5 0 Stock, 3? p.c., 1939-52 101 0 0 — Stock, 4 p.c., 1946 102 10 0 Bonds, 4 p.c., 1946 102 10 0 Stock, 4 p.c., 1949 102 10 0 Bonds, 4 p.c., 1949 102 10 0 — Stock, 4 p.c., 1955 — 103 0 0 Bonds, 4 p.c., 1955 — 103 0 0 BANKS Commercial 0 17 0 0 17 3 National of New Zealand 2 17 0 New South Wales 32 10 0 — New Zealand 2 3 6 — BREWERIES Dunedin Brewery Co. 1 11 0 N.Z. Breweries 2 5 6 2 6 9 Tooth’s Brewery 2 13 0 — COAL Kaitangata 1 6 3 — Westport Coal 1 4 0 INSURANCE National 0 17 6 Standard 2 19 9 LOAN AND AGENCY Goldsbrough, Mort and Co. 1 12 0 National Mortgage 2 7 0 Trustees’ Executors (Dunedin) 3 16 0 Wright, Stephenson (pref.) 1 0 6 1 1 0 MEAT COMPANIES N.Z. Refrigerating (10/- paid) 0 9 2 SHIPPING Huddart-Parker 2 1 0 — Union Steam Ship Co. (pref.) 1 6 3 — WOOLLEN MILLS Bruce 0 10 0 Kaiapoi (pref.) 0 17 0 MISCELLANEOUS Australian Iron and Steel 1 7 0 Broken Hill Pty. 3 3 0 Broken Hill Pty. (cont.) 1 15 6 G. J. Coles 4 4 3 D.LC. (pref.) 1 3 6 — — Dominion Fertilizer 1 4 0 Dominion Investments 1 13 Dominion Rubber Co. 1 10 0 Milbum Lime and Cement 2 1 3 N.Z. Guarantee Corporation 0 4 9 Otago Daily Times 2 6 b Wilson’s (N.Z.) Ce/nent 0 18 0 Woolworths (N.Z.) 1 1 9 Woolworths, .Ltd. 1 5 0 — MINING Big River 0 1 1 — Electrolytic Zinc (ord.) 2 6 9 ■ — (pref.) 2 9 0 Gillespie’s Beach 0 1 34 Goldfields Dredging 0 0 Kildare 0 1 0 Mount Morgans 0 11 0 Nokomai 0 2 6 Okarito —— 0 3 3 North Broken Hill 2 12 6 —' Rawang Tin 0 10 9 UNLISTED Self ridges (Aus.) 1 9 0 AUCKLAND

£ S d Auckland City 1944-56 4>,4 p-c. 104 0 0 do. 1944-60 4>,i p.c. 104 0 0 Bank of N.Z. (2) 2 4 0 National Insurance 17 1 Auckland Gas 1 1 0 Birkenhead and Northcote Gas 8 p.c. (pref.) 15 0 Broken Hill Propty. 3 3 6 Electrolytic Zinc (pref.) 2 10 0 Farmers’ Trading (B pref.) 1 2 6 McKenzies 3 13 9 Radio (1936) 1 1 3 Wilson’s Cement 17 5 W. R. Carpenter 2 6 6 Mount Lyell (ex div.) 1 12 6 North Broken Hill 2 13 6 Overseas Listings Woolworth’s Holdings (S.A.) 14 3 Unofficial Selfridges (N.Z.) 10 9

£ s d Broken Hill Propty. 3 3 9 North Broken Hill 2 13 3 Woolworths Ltd. (ord.) 1 6 0 Sales Yesterday 3>,4 p.c. Stock, 1939-52 (3) 101 5 0 4 n.c. Stock, 1955 102 2 6 Commercial Bank of Aust, (pref.) 9 14 0 Bank of N.Z. 2 4 0 do. (2) 2 3 11 do. (2) 2 4 0 G. J. Coles (2) 4 4 6 do. 4 4 9 McKenzies . 3 13 9 Unofficial Westland Brewery (cont.) 1 1 0

£ s d Goldsbrough Mort 1 13 3 Westport Stockton Coal (pref.) 6 0 Broken Hill Propty. 3 3 3 Colonial Sugar 48 0 0 G. J. Coles (2) 4 4 4 Woolworths (Syd., ord., cum. div.) (4) 1 5 10 do. 1 5 11 Maori Gully x 4.V2 Mount Lyell (ex div.) (3) 1 10 6 Mount Morgan 10 6 North Broken Hill 2 13 1 Wellington Alluvials 5 3 Sales Reported N.Z. Government 3l'z p.c. Inscribed 1938-52 101 0 0 do. 4 p.c. 1946-49 102 15 0 Broken Hill Propty. 3 '3 4

£ s d G. J. Coles 4 4 6 Sales Reported Woolworths (N.Z., ord.) (Sat.) 1 0 9 Woolworths (Syd.) (Sat.) 1 6 0 Nokomai 2 4 N.Z. Breweries 2 6 0

Sales were: £ s d Bank of New South Wales 33 5 0 Commercial Bank of Australia 17 3 National Bank (£5 paid) 7 3 0 Colonial Sugar 48 0 0 Associated Newspapers 1 3 6 do. (pref.) 1 4 9 Bums Philp 2 15 3 British Tobacco 2 10 6 Tooth’s Brewery 2 13 9 Toohey’s Brewery 1 13 0 Dunlop Perdriau Rubber 1 2 10’4 Anthony Hordern 19 0 Kandos 1 5 6 Claude Neon 2 9 6 N. R. Carpenter 2 6 9 Australasian Paper 1 11 6 Woolworths 1 6 0 Wunderlich Hosiery 1 1 1’4 Younghusband I 14 6 Traders and Finance 1 4 0 United Provisions 6 8 Winchcombe Carson 1 12 9 Morris Hedstrom 1 7 0 Greater J. D. Williams 6 0 Sulphide Corporation 13 3 Mount Morgan 10 8 Mount Lyell (ex div.) 1 11 0 Broken Hill Propty. 3 4 3 Rawang Tin 10 4 Placer Development 3 13 9 Emperor 12 5

£ s d Commercial Bank of Australia 17 3 National Bank (£5 paid) 7 0 0 G. J. Coles 4 5 3 Drug Houses 1 6 0 Dunlop Perdriau Rubber 1 3 0 do. (pref.) 1 17 3 Goldsbrough Mort 1 13 41/2 Australian Paper (pref.) 1 5 3 do. (10/- paid) 14 0 Electrolytic Zinc 2 8 0 do. (pref.) 2 10 6 Mount Morgan 10 7 Mount Lyell 1 11 0 Broken Hill Propty. 3 4 0 North Broken Hill 2 13 0 South Broken Hill 1 16 9 Zinc Corporation 5 7 0 Emperor 12 5 Loloma 17 3

Dalgety and Co. 4,743 Stronach, Morris 2,158 Donald Reid 3,812 National Mortgage 2,723 Otago Fanners’ 2,098 Loan and Mercantile 1,814 Wright. Stephenson 6,580 Total 23,928