Money And Markets – THE STOCK EXCHANGES

Southland Times, Issue 23443, 25 February 1938, Page 3

Money And Markets - THE STOCK EXCHANGES

Firmer Undertone At Yesterday s Call-Over

There was a firmer undertone on the .Invercargill S oc Exchange yesterday morning. Government loans firns e firm with good inquiry for the 4 per cents. Banks were steady with a little more inquiry. Breweries were quie and unchanged. Little interest was taken in woollen companies’ shares. New Zealand industrials showed i e variation, but Commonwealths were brighter. Woolwor s in particular gained ground on receipt of the final dividend announcement and advice of a bonus issue of one m five. Australian mining were brighter, there being a better mal ' - ket for Mount Lyells, Mount Morgans and Broken Hills. A sale was reported of Southland Frozen Meats at £1 9/ - -

Quotations were as follows: — GOVERNMENT DEBENTURES

AUCKLAND

WELLINGTON

SYDNEY (Received February 23, 8.25 p.m.) SYDNEY. February 23. Firmer metal prices and a good advance in Wall Street Industrials encouraged investors to operate with greater freedom on the Stock Exchange today. The market was brighter than for many weeks. Sales were:

MELBOURNE Leading stocks and barriers remained firm in view of the further Improvement overseas. Tin shares attracted more attention.

THE PRICE OF GOLD (Received February 24, 6.30 p.m.) LONDON, February 23. The price of gold is £6 an ounce. BRIGHTER MARKETS IN LONDON (Received February 24, 6.30 p.m.) LONDON, February 23. All sections of the Stock Exchange responded to the removal of fears of a general election. Many operators believe that the stage is now set for a revival in the spring.

Buyers £ s d S £ tellers s d Stock, 3J p.c., 1938-43 102 10 0 Stock, 3j p.c., 1938-52 102 10 0 Stock, 3J p.c., 1939-43 102 10 0 Stock, 31 p.c., 1939-52 102 0 0 " — Stock, 4 p.c., 1946 102 10 0 Bonds, 4 p.c., 1946 102 10 0 Stock, 4 p.c., 1949 104 5 0 ■ Bonds, 4 p.c., 1949 104 5 0 Stock, 4 p.c., 1955 103 5 0 ■ - — Bonds, 4 p.c., 1955 103 5 0 — BANKS Australasia 10 3 0 Commercial 0 16 9 National of New Zealand 2 14 6 New South Wales 32 0 0 32 10 0 New Zealand 2 2 9 - New Zealand long “D” issue • 1 10 0 Union of Australia 9 5 0 BREWERIES N.Z. Breweries 2 5 6 2 6 0 COAL Westport Coal 1 2 3 — INSURANCE National 0 17 0 0 17 3 Standard 2 19 6 — LOAN AND AGENCY Goldsbrough, Mort and Co. 1 11 6 National Mortgage 2 8 0 Wright, Stephenson (pref.) 1 0 9 — MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 18 0 (10/- paid) 0 8 ■ 5 Southland Frozen Meat 1 9 3 SHIPPING Huddart-Parker 2 3 0 — Union Steam Ship Co. (pref.) 1 6 9 — — WOOLLEN MILLS Mosgiel 9 10 0 — Oamaru 0 13 0 MISCELLANEOUS Australian Glass 4 13 0 — Australian Iron and Steel 1 7 0 Broken Hill Pty. 3 1 3 (cont.) 1’ 12 6 Colonial Sugar Co. 46 0 0 G. J. Coles 4 0 0 D.I.C. (ord.) 0 15 3 (pref.) 1 3 9 ' —— Dominion fertilizer 1 3 6 ■ McLeod Bros’ Soap 29 10 0 Milburn Lime and Cement 2 0 0 New Zealand Drug 3 8 0 3 10 0 N.Z. Guarantee Corporation 0 4 5 0 4 7 Wilson’s (N.Z.) Cement 0 18 6 Woolworths (N.Z.) 1 0 6 — MINING Broken Hill South 1 13 6 — Big River 0 1 1 0 1 6 Electrolytic Zinc (ord.) 2 6 3 ■" (pref.) 2 8 Gillespie’s Beach -■ 0 1 1 Goldfields Dredging 0 0 2 — Martha Gold Mining 0 15 2 Mount Lyell 1 10 9 — Mount Morgans 0 9 Nokomai 0 1 11 0 2 3 Okarilo . ■ . 0 3 0 North Broken Hill 2 10 0 Taranaki Oil 0 6 6 0 6 9

£ s d Stock 1943-46 4 p.c. 102 7 6 do. 1946-49 4 p.c. 104 2 6 do. 1952-55 4 p.c. 104 2 6 do. 1939-52 S'/a p.e. 102 17 6 City of Auckland 1944-48 4’/ 4 p.c. 103 0 0 Commercial Bank of Australia 16 7 Dominion Investment and Banking 18 9 Westport Stockton (pref.) 6 4 Auckland Gas 1 0 3 Northern Steam 4 0 do. (cont.) 10 Broken Hill Propty. do. 3 3 2 2 6 9 Berlel (N.Z.) 3 7 6 Colonial Sugar 46 5 0 Electrolytic Zinc 2 8 0 do. (pref.) 2 9 7& Farmers* Trading 1 0 0 G. J. Coles 4 2 3 do. 4 2 6 Sanford 4 3 Woolworths (Syd.) (3) 1 7 3 do. 1 7 1 Truth (pref.) 1 0 0 Martha 15 5 Wellington Alluvials 5 3 Broken Hill South 1 15 0 Mount Morgan 9 11 do. (2) 10 2 Overseas List Woolworth’s Holdings (S.A.) 15 0

£ s d 4p.c. Stock 1955 (Wed.) 104 7 6 National Bank of N.Z. (Wed.) 2 13 6 Burns Philp (Wed.) 2 12 9 Taranaki Oil (Wed.) 6 8 Woolworths (N.Z.) (Wed.) 1 1 0 3>/ a p.c. Stock 1943 102 0 0 Commercial Bank of Australia (4) 16 7 Bank of N.Z. 2 3 0 South British Insurance 2 6 0 Wellington Gas 1 17 3 Broken Hill Propty. (2) 3 2 6 do. 3 2 7 Electrolytic Zinc (pref.) 2 9 3 do. 2 10 0 do. (ord.) 2 7 8 do. 2 7 10 Gordon and Gotch (ord.) 2 13 9 G. J. Coles 4 2 6 Woolworths Ltd. (ord.) (2) 1 9 6 do. 1 7 3 do. (5) 1 8 0 Woolworths (N.Z.) 1 1 6 Mount Lyell (2) 1 11 4 do. 1 11 10 do. 1 11 11 North Broken Hill 2 12 11 Mount Morgan 10 0 Unofficial Ballins Breweries 12 2

CHRISTCHURCH £ s d Bank of N.Z. 2 3 0 N.Z. Guarantee Corporation 4 4 Westport Stockton Coal (pref., cum. div.) (2) 6 0 N.Z. Breweries 2 5 8 British Tobacco (2) 2 9 3 Broken Hill Propty. (2) 3 2 4 do. (2) 3 2 5 do. 3 2 6 do. 3 2 7 do. (cont.) 1 13 0 Electrolytic Zinc (ord.) (4) 2 7 6 do. 2 7 8 do. (2) 2 7 9 do. 2 7 10 do. 2 7 6 do. 2 7 7 do. (pref., cum. div.) 2 9 2 G. J. Coles (2) 4 2 0 do. 4 2 3 Howard Smith (odd parcel) 1 0 8 Woolworths (Syd., ord., cum. div.) 1 8 0 do. 1 7 6 do. (2) 1 7 3 do. (2) 1 7 0 do. (3) 1 6 9 do. 1 7 0 do. (4) 1 7 1 do. 1 7 0 do. 1 6 11 Broken Hill South 1 15 0 do. 1 14 9 Mount Lyell 1 11 8 do. (2) 1 11 9 do. (4) 1 11 10 do. (3) 1 11 8 Mount Morgan 10 1 do. (3) 10 2 do. (2) 10 2’/a do. (2) 10 3 do. 10 3% do. 10 4 do. (2) 10 1 do. (3) 10 l’/a North Broken Hill (cum. div.) 2 12 9 do. 2 13 0 Rawang Tin 9 7 do. 9 9 Sales Reported Berlei (N.Z.) 3 7 6 Electrolytic Zinc (ord.) 2 7 10 do. 2 7 11 do. (pref.) 2 10 0 G. J. Coles 4 2 6 Woolworths (N.Z.) 1 1 9 Woolworths (Syd., ord.) (5) 1 7 0 do. (5) 1 7 1 do. 1 7 3 do. (3) 1 7 10 do. (2) 1 8 0 do. 1 8 3 do. 1 8 0 do. 1 8 6 do. 1 7 2 do. (2) 1 7 0 Mount Lyell (2) 1 11 11 Woolworths (N.Z.) 1 1 9 Placer Development 3 14 0 Unlisted Ballins Breweries (15/- paid) (2) 12 3 DUNEDIN £ 6 d Woolworths (Syd., 6) 1 7 3 Sales Reported Electrolytic Zinc (ord.) (Wed.) (2) 2 7 0 4 p.c. Stock 1943-46 102 10 0 Westport Stockton (ord.) 3 o ; Colonial Sugar 46 5 0 G. J. Coles 4 1 0 Taranaki Oil (2) 6 6 Woolworths (Syd.) 1 8 0 N.Z. Breweries 2 5 7’/2 Mount Lyell 1 11 9 Mount Morgan 10 3 do. 10 4

£ s d Bank of New South Wales 32 10 0 Commercial Banking of Sydney 20 5 0 E.S. and A. Bank 6 6 9 Queensland National Bank 5 2 0 Mercantile and Mutual Insurance 1 11 0 Burns Philp 2 13 0 do. (South Sea) 1 8 9 Associated Newspapers 1 2 3 British Tobacco 2 9 9 Tooth’s Brewery 2 15 6 Australian Glass 4 14 0 Dunlop Perdriau Rubber 1 3 4>/ 2 General Industries 19 4*/ 2 Newcastle Gas (A) 12 2 Meggitts 1 11 0 Standard Cement 19 3 Woolworths 1 7 3 United Provisions 6 3 Wilcox Mofflin 10 10 Fairymead Sugar 1 14 9 Electrolytic Zinc 2 8 0 do. (pref.) 2 9 0 Mount Morgan 10 1 Broken Hill Propty. 3 3 0 South Broken Hill 1 14 7>/ 2 Rawang Tin 9 6 Larut 14 6 Pungah Tin 1 5 6

Sales were: £ s d Commercial Bank of Australia 16 8 E.S. and A. Bank 5 5 0 National Bank (£5 paid) 7 3 6 British Tobacco 2 9 9 Carlton Brewery 3 7 3 G. J. Coles 4 12 6 Dunlop Perdriau Rubber 1 3 4 Australian Foundation Investment Trust 5 10 Electrolytic Zinc 2 8 0 do. (pref.) 2 9 6 Mount Morgan 10 2 Mount Lyell 1 11 9 Broken Hill Propty. 3 2 9 North Broken Hill 2 12 3 South Broken Hill 1 14 9 Zinc Corporation 5 1 0 Emperor 12 6 Loloma 19 11