Money And Markets THE STOCK EXCHANGES

Southland Times, Issue 23438, 19 February 1938, Page 4

Money And Markets THE STOCK EXCHANGES

Prices Generally Show Little Alteration

Conditions appeared to be a little brighter on the Invercargill Stock Exchange yesterday, although prices on the whole showed little alteration. Woolworths (Sydney) were firmer and Mount Lyells a shade better. Banking shares were easy and insurances continue quiet. Breweries were unaltered and meat preserving companies’ shares were in small demand yesterday. Woollens found a dull ™ a ™, et and shipping companies’ shares had a limited demand, lhe metal market was still a dull one, although Mount Morgans and Electrolytic Zincs both showed a slight improvement yesterday. Two sales of Woolworths were reported at 25/11 and 26/-.

SYDNEY (Received February 18, 9.20 p.tn.) SYDNEY, February 18. Investors were in a hesitant mood on the Stock Exchange today and the amount of business written was the smallest for some time. The market was featureless. Sales were:

MELBOURNE Barriers were weaker on the reduction of the North Broken Hill dividend to 9d. Industrials and bonds were steady.

FROZEN MEAT MARKET (United Press Association) WELLINGTON, February 18. The New Zealand Meat Producers’ Board advises that the following are the approximate average prices realized for the week, based on actual transactions, wholesale quantities and descriptions of meat mentioned and for representative parcels of goods offering during the week being for business don£ on the basis of delivery to Smithfield market and/or ex-London stores. Feb. Feb. 11 18 d d N.Z. SheepCrossbred wethers and/ or maiden ewes: Under 481 b —5% 49-561 b —5% 57-641 b — 5’4 65-721 b — — Ewes: Under 481 b — 4’4 49-561 b — 3Va 57-641 b 3% 3% 65-721 b 3’4 3’4 N.Z. Lambs— Canterbury: Under 361 b —7% 37-421 b —7% 43-501 b — 7’4 Second quality: Average about 311 b — Other South Island: Under 361 b — — 37-421 b — — 43-501 b — — North bland Down*— 361 b and under 7% 7’,4 37-421 b 7% 7’4 43-50Ib 7% 7’4 Second quality: Average about 311 b —7% North bland, first quality: Under 361 b 7% 7’4 37-421 b 7% 7’4 Second quality: Average about 311 b 13,aI 3 ,a 714 Australian Lamb®— Victorian first quality: 29-361 b 6% 6% 37-421 b 6% 63,4 Argentine Lamb®— First quality: Under 361 b 6% . — 37-421 b 6’,4 6% N.Z. Frozen Beef— Ox hinds (145-2101 b — — Ox fores (145-2101 b — — Australian Frozen Be»f— Ox hinds (145-2101 b — — Ox crops (145-2101 b — — N.Z. Porker Pigs— First quality: 61-801 b 7’,4 — 81-100Ib 63,4 — 101-1201 b — — N.Z. Baconer Pigs—--121-1601b 6% — (Chilled beef prices are approximate average prices realized for the week.) N.Z. Chilled BeefOx hinds (145-2101 b 5% — Ox fores (145-2101 b 4 3% Australian Chilled BeefOx hinds (145—2101 b 514 — Ox crops (145-210Ib) — 314 Union of South Africa Chilled Beef— Ox hinds (145-2101 b — — Ox fores (145-2101 b — — Southern Rhodesian Chilled BeefOx hinds (145-2101 b 5’4 5% Ox fores (145-2101 b 3% 3’4 Argentine Chilled Beef— Ox hinds (145-2101 b 6’4 — Ox fores (145-2101 b . 4',4 4 3 ,4 Uruguayan Chilled Beef— Ox hinds (145-2101 b 6’,4 — Ox fores (145-210Ib) 4 — Brazilian Chilled Beet — Ox hinds (145-2101 b 6 — Lamb Market.—The reports are that because of heavier supplies on the spot and in sight prices again declined, but lower prices are stimulating the demand. Mutton Market.—Trade continues slow for

wethers and ewes, but prices are firmer because of a shortage of spot stocks. Frozen beef is steady and unchanged and chilled beef is steady, with a good trade. The market for New Zealand porker pigs is quiet and unchanged, but the trade in New Zealand baconers is slow.

Quotations at yesterday’s call-over were as follows:— GOVERNMENT DEBENTURES Buyers Sellers £ s d £ s d Stock, 3z p.c., 1938-43 — 102 U 0 Stock, 31 p.c., 1938-52 102 5 0 — Stock, 3J p.c., 1939-43 . — 102 0 0 Stock, 3J p.c., 1939-52 101 10 0 - 1 Stock, 4 p.c., 1946 102 10 0 Bonds, 4 p.c,, 1946 102 10 0 Stock, 4 p.c., 1949 104 0 0 — Bonds, 4 p.c., 1949 104 0 BANKS Australasia 10 10 0 Commercial 0 16 6 Commercial of Sydney 20 10 0 National of Australasia . 14 9 0 National of New Zealand 2 14 3 New South Wales — 32 10 0 New Zealand 2 2 6 New Zealand long “D” issue 1 10 0 Union of Australia 8 16 0 9 5 0 BREWERIES N.Z. Breweries 2 5 6 — COAL Kaitangata - 7 0 1 10 0 Westport Coal 1 3 0 — INSURANCE National 0 16 10 0 17 0 New Zealand 3 2 0 Standard 2 18 9 LOAN AND AGENCY Goldsbrough, Mort and Co. 1 10 6 National Mortgage 2 8 0 Wright, Stephenson (pref.) 1 0 9 — meat companies N.Z. Refrigerating (20/- paid) 1 0 0 (10/- paid) 0 8 2 0 8 6 Southland Frozen Meat 1 9 3 SHIPPING Huddart-Parker 2 3 0 Union Steam Ship Co. (pref.) 1 6 6 WOOLLEN MILLS Mosgiel 910 0 — MISCELLANEOUS Australian Glass 4 13 0 Broken Hill Pty. 3 0 3 British Tobacco (Aust) 2 9 9 Colonial Sugar Co. 46 0 0 G. J. Coles 3 17 6 D.I.C. (pref.) 1 3 9 Dominion Fertilizer 1 4 3 Dominion Investments 1 19 0 Dunlop Rubber (Aust.) 1 3 3 Milbum Lime and Cement 2 1 0 N.Z. Drug 3 8 0 3 9 6 N.Z. Guarantee Corporation 0 4 6 Permanent Building Society 5 15 0 Woolworths (N.Z.) 0 la 2 - Woolworths, Ltd. 1 5 10 — MINING Broken Hill South 1 13 6 Big River 0 1 0 Electrolytic Zinc (ord.) 2 7 0 (pref.) 2 9 6 Gillespie’s Beach 0 1 0 Goldfields Dredging 0 0 2 0 0 4 Kildare 0 0 9 Martha Gold Mining 0 15 0 Mount Lyell 1 9 6 Mount Morgans 0 8 10 ■■ — —— Nokomai 0 1 11 0 2 2 Okarito 0 1 0 0 3 0 North Broken Hill 2 10 0 — AUCKLAND £ s d Booth Macdonald 69 0 0 E.S. and A. Bank 5 4 0 Bank of New South Wales 32 5 0 Bank of N.Z. (2) 2 2 LI Westport 1 3 6 Kaiapol (paid) 12 0 Hill and Plummer 19 0 Northern Roller, (pref.) 1 1 6 Peters Ice (N.Z.) 1 15 0 Taranaki Oil 7 0 Woolworths (N.Z.) (2) 1 0 0 Woolworths (Syd.) 1 5 10 Martha 15 2 Mount Morgan (2) 9 2 Unofficial Coromandel Gold 1 1 WELLINGTON £ 6 d Colonial Sugar (Thurs.) 46 5 0 Wilson's Cement (Thurs.) 18 5 3’,4 p.c. Stock 1953-57 98 10 0 Taringamutu Timber 15 0 British Tobacco 2 9 3 Broken Hill Propty. 3 1 6 G. J. Coles 3 18 9 do. 3 18 7>/ 2 New Auckland Laundry 1 1 0 Taranaki Oil 6 7 Woolworths Ltd. (3) 1 5 11 Argo Gold 1 8 Broken Hill South 1 12 11 Mount Lyell 1 9 10 do. 1 9 10 do. 1 10 0 do. 1 10 0 4 p.c. Stock. 1946-49 104 7 6 CHRISTCHURCH £ s d 4 n.c. Inscribed 1943-46 102 12 6 Commercial Bank of Australia (2) 16 6 Union Bank 9 0 0 N.Z. Guarantee Corporation 4 5 N.Z. Refrigerating (10/- paid) (2) 8 4 Broken Hill Propty. 3 I 3 do. (2) 3 1 4 do. (cont.) 1 12 6 Electrolytic Zinc (ord.) (2) 2 6 6 do. 2 6 1 do. (2) 2 6 2 G. J. Coles 3 19 3 N.Z. Farmers’ Co-op. (4’,i p.c. stock 1941) 93 0 0 do. 1945 93 0 0 Taranaki Oilfields (2) 6 9 do. 6 10 do. 6 9 Woolworths (N.Z.) (2 ) 1 0 0 Woolworths (Syd., ord.) 1 5 10 do. (3) 1 5 11 do. (4) 1 5 9 Grey River (2) 11 5 Mount Lyell (2) 1 10 2 Mount Morgan (6) 9 1 Westport Stockton Coal (pref., cum. div.) 6 2

Sales Reported Bank of New South Wales 32 0 0 Bank of N.Z. (2) 2 2 11 Union Bank 9 0 0 Westport Stockton Coal 3 0 N.Z. Breweries 2 5 9 British Tobacco 2 9 2 Broken Hill Propty. (2) 3 1 3 Woolworths (Syd., ord.) 1 5 11 Argo 1 9 Broken Hill South 1 12 11 Mount Lyctf 1 9 10 Mount Morgan 9 2 do. 9 3 , DUNEDIN £ s d Woolworths (Syd.) 1 5 11 Mount Morgan 9 1 Sales Reported 314 p.c. Stock 1938-52 103 0 0 do. 1939-43 102 0 0 4 p.c. Stock 1943-46 102 10 0 Grey River (8/9 paid) 11 3 Waihi Investments 9 5 Bank of Australasia 10 5 0 National Insurance 17 0 Westport Stockton (ord.) 3 0 Broken Hill Propty. (cont.) 1 12 6 do. (paid) 3 1 0 Wool worths (Syd.) 1 5 11 Broken Hill South (5) 1 12 9 do. 1 12 9 do. 1 13 0 North Broken Hill 2 II 0

£ s d Commercial Banking of Sydney 20 3 0 National Bank (£5 paid) 7 5 0 Bank of Adelaide 6 7 6 Associated Newspapers 1 2 4% do. (pref.) 1 5 0 Howard Smith 1 0 9 Australian Gas (A) 7 11 0 British Tobacco 2 9 9 G. J. Coles 3 19 9 Dunlop Perdriau Rubber (pref.) 1 19 0 Farmers 1 13 0 Kandos (ex div.) 1 6 0 Sargents 1 9 9 Taubmans 3 6 6 J. McGrath 2 0 3 . Traders’ Finance 1 4 6 Woolworths 1 6 0 Peters 2 15 6 ’ Broken Hill Propty. 3 1 9 North Broken Hill 2 9 0 Taranaki Oil 6 9 .

Sales were: s 16 tl 9 Commercial Bank of Australia £ National Bank (£5 paid) 7 6 0 British Tobacco 2 10 0 G. J. Coles 3 19 9 Drug Houses .1 6 4>,4 Dunlop Perdrlau Rubber 1 3 0 do. (pref.) 1 18 9 Electrolytic Zinc 2 6 3 do. (pref.) 2 8 ’6 Mount Morgan 9 2 Mount Lyell 1 10 0 Broken Hill Propty. 3 2 0 North Broken Hill 2 9 6 South Broken Hill 1 13 iy 2 Emperor 11 7