Money And Markets THE STOCK EXCHANGES

Southland Times, Issue 23406, 13 January 1938, Page 7

Money And Markets THE STOCK EXCHANGES

Business Quiet At Yesterday’s Call-Over Quotations came forward fairly freely at yesterday s call-over on the Invercargill Stock Exchange although business was very quiet. Values generally finished on a par with or higher than those ruling late last year. A strong inquiry came for Bank of New Zealands at 44/-. The inquiry for Bank of New South Wales shares was £32 .10/-. The Industrial section was firm and mining companies shares, particularly Australian, were stronger.

WELLINGTON

CHRISTCHURCH

DUNEDIN

SYDNEY (Received January 12, 8.55 p.m.) SYDNEY, January 12. Base metal shares were In strong demand on the Stock Exchange today and the market for Industrials was much brighter. Sales were:

MELBOURNE Strong buying of barriers with the maintenance of a firm tone in industrials were features of the Stock Exchange today.

LONDON STOCK EXCHANGE BANK SHARES AND DEBENTURES (Received January 12, 6.30 p.m.) LONDON, January 11. Bank shares and debentures:

4 p.c. debentures 93 0 0 Ordinary 39 0 0 MIN IN TURNS MATAKI GOLD DREDGING (United Press Association) AUCKLAND, January 12. Mataki Gold Dredging Ltd., reports that the telegraphed return for the week ended December 24 last was 290 z for 123 hours’ work and 8800 yards. GOLDFIELDS DREDGING COMPANY (United Press Association) TIMARU, January 12. The Goldfields Dredging Company’s return was 13oz 14dwt for 144 hours’ work. The dredge has been -undergoing repairs and this is the first wash-up since December 2. BRITISH EXCHEQUER RETURNS (British Official Wireless) (Received January 12, 6.30 p.m.) RUGBY, January 11. The Exchequer returns show that the total ordinary revenue amounts to £508,464,823 compared with £484,747,484 at the corresponding date last year. The total expenditure, less selfbalancing items, is £678,801,065 compared with £618,940,432 at the corresponding date in 1937. THE BUTTER MARKET (Received January 12, 6.30 p.m.) LONDON, January 11. The butter market is steady. Quotations. —New Zealand: Choicest sailed, 112/-; unsalted, 113/- to 114/-. Australian: Salted and unsalted, 111/-. QUIETER MARKETS IN LONDON (Received January 12, 6.30 p.m.) LONDON, January 11. The markets turned quieter, but gold shares are still attracting buyers. Commodities, notably copper and rubber, are strong. THE WOOL MARKET LONDON SALES TO BEGIN NEXT WEEK LONDON, January 11. The London wool sales of 1938 begin on January 18 and conclude on February 3. The catalogue totals 116,200 bales, including 76,450 Australian and 31,600 New Zealand.

Quotations were: 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, 3J p.c., 1939-43 100 5 0 Stock, 3i p.c., 1939-52 101 0 0 Stock, 4 p.c., 1949 102 10 0 Bonds, 4 p.c., 1949 102 10 0 BANKS Commercial Bank 0 17 3 National of Australasia 14 6 0 New South Wales 32 10 0 New Zealand 2 2 0 — COAL Kaitangata 1 6 0 1 10 0 Westport Coal 1 4 3 BREWERIES N.Z. Breweries 2 6 9 — Tooth’s Brewery 2 15 0 INSURANCE National 0 17 0 0 17 3 Standard 2 19 0 — LOAN AND AGENCY Goldsbrough, Mort and Co. 1 12 0 National Mortgage 2 7 0 MEAT COMPANIES N.Z. Refrigerating (10/- paid) 0 H IX 0 9 1 Southland Frozen Meat 1 7 6 —- SHIPPING P. and O. Stock 1 6 6 — WOOLLEN MILLS Bruce 0 10 0 Kaiapoi (pref.) 0 17 3 Oamaru 0 18 0 MISCELLANEOUS Australian Glass 4 12 0 —• Australian Iron and Steel 1 6 6 Broken Hill Pty. 3 3 0 Broken Hill Pty. (cont.) 114 6 2 10 3 Colonial Sugar Co. 47 0 0 48 0 0 G. J. Coles 4 3 6 Dominion Fertilizer 1 4 0 Dominion Investments 1 19 0 Hume Pipe (Aust.) 0 19 6 New Zealand Drug 3 9 0 N.Z. Guarantee Corporation 0 4 9 Otago Daily Times 2 6 0 — Permanent Building Society 5 15 0 Woolworths (N.Z.) 1 0 3 Woolworths Ltd. 1 6 6 MINING Broken Hill South 1 16 0 —■ Big River 0 1 5 Electrolytic Zinc (ord.) 2 7 0 (pref.) 2 10 9 Gillespie’s Beach 0 1 4 Mount 1 Mount Morgans 0 10 Nokomai 0 2 4 Okarito 0 3 3 North Broken Hill 2 13 0 Rawang Tin 0 10 9 AUCKLANI )

£ B d Stock 1946-49 4 p.c. 102 15 0 do. 1952-55 102 10 0 Auckland Harbour Board 1957 4>,i p.c. 104 0 0 City of Auckland 1944-56 4’/« p.c. 102 0 0 Booth MacDonald 1947 5 p.c. 70 0 0 Commercial Bank of Australia 16 11 Bank of N.Z. 2 4 3 Tooth’s Brewery 2 15 0 N.Z. Breweries 2 7 0 Broken Hill Propty. (cont.) 1 15 0 Electrolytic Zinc 2 10 0 do. (pref.) 2 12 0 Fanners’ Fertilizer 18 9 Mount Lyell 1 14 0 do. 1 14 6 Mount Morgan 10 7

£ s d 4p.c. Stock 1946 (Tues.) 103 2 6 N.Z. Refrigerating (10/- paid) (Tues.) 9 0 Woolworths Ltd. (ord.) (Tues.) 1 6 0 Colonial Sugar (2) (Tues.) 47 7 0 4 p.c. Stock 1946 103 2 6 Commercial Bank 17 0 do. 16 11 Goldsbrough Mort 1 12 9 British Tobacco 2 9 10 Colonial Sugar 47 8 6 Berlei Ltd. 1 19 9 Mount Lyell 1 14 6 do. 1 14 4 Mount Morgan 10 7 Overseas Listings Woolworth's Holdings 14 4

£ s d Commercial Bank of Australia (4) 16 10 Bank of N.Z. 2 4 0 N.Z. Breweries (2) 2 7 0 Australian Glass (2) 4 13 3 Broken Hill Propty. 3 3 6 do. 3 3 8 do. (new) 1 15 0 Dunlop Rubber 1 3 7 Electrolytic Zinc (ord., cum. div.) 2 10 0 Woolworths (Syd., ord, cum. div.) 1 5 9 Mount Lyell 1 14 0 do. (2) 1 14 9 do. 1 14 10 North Broken Hill 2 18 3 do. (2) 2 18 6 Sales Reported Standard Insurance 2 19 0 N.Z. Refrigerating (10/- paid) 9 1 N.Z. Farmers Co-op. 4>/ 2 p.c. Stock 1939 91 10 0 Wellington Alluvlals 5 7>/ 2

a s d Goldsbrough Mort i 12 3 North Broken Hill (3) 2 17 0 Sales Reported Standard Insurance 2 19 0 Mount Lyell 1 14 0 do. 1 13 11 Sales After Call Wilson's Cement 17 9 Mount Morgan (2) 10 6

£ s d Bank of New South Wales 33 12 6 Commercial Banking of Sydney 20 18 0 National Bank (£5 paid) 7 4 0 Colonial Sugar 47 12 6 Mercantile and Mutual Insurance 1 11 0 Huddart Parker 2 3 3

Burns Philp 2 15 9 Berlei 2 0 0 British Tobacco 2 10 3 Australian Gas (old) 7 8 6 Toohey’s Brewery 1 13 0 Dunlop Perdriau Rubber (pref.) 1 18 0 Lustre 1 3 0 General Industries 1 0 l 1 Kandos 1 5 Claude Neon 2 10 6 Neon Signs 17 6 Clifford Love 2 15 0 Standard Cement 18 0 Woolworths 6 0 Westinghouse 1 2 9 Cash Orders 18 3 Sargents 1 10 0 Gordon and Gotch 2 12 101' 2 United Provisions (N.Z. delivery) 7 6 Goldsbrough Mort 1 12 9 Fairymead Sugar 1 16 0 Electrolytic Zinc 2 10 0 Mount Morgan 10 6 Mount Lyell 1 14 IOV2 Broken Hill Propty. 3 4 3 North Broken Hill 2 17 6 South Broken Hill 1 17

Sales were: £ s d Commercial Bank of Australia 17 1 National Bank (£10 paid) 14 10 0 British Tobacco 2 10 3 G. J. Coles 4 5 6 Drug Houses 1 6 0 Australian Glass 4 13 9 Dunlop Perdrlau Rubber 1 3 9 do. (pref.) 1 18 0 Goldsbrough Mort 1 12 9 Electrolytic Zinc 2 10 3 do. (pref.) 2 13 0 Mount Morgan 10 7 Mount Lyell 1 14 io>/ 2 Broken Hill Propty. 3 4 0 North Broken Hill 2 17 3 South Broken Hill 1 17 9 Zinc Corporation 5 13 0 Emperor 13 4 Loloma 17 1

£ s d Bank of Australasia 8 10 0 E.S. and A. Bank 4 6 0 Union Bank of Australia 7 8 9 Bank of New South Wales 26 2 6 National Bank of N.Z> 2 0 0 Bank of N.Z. 1 13 0 British Tobacco 1 19 0 Goldsbrough Mort 1 5 3 Dalgety and Co. 6 15 0 P. and 0. (deferred) 1 3 0 N.Z. Loan and Mercantile—