Money And Markets THE STOCK EXCHANGES

Southland Times, Issue 23444, 26 February 1938, Page 4

Money And Markets THE STOCK EXCHANGES

Better Tone At Yesterday’s Call-over

There was a brighter tone on the Invercargill Stock Exchange yesterday morning. Australian industrials and metal companies’ shares all showed firmer markets. Woolworths Ltd. were active round about 27/3 and Broken Hill Proprietary and G. J. Coles made gains. Nearly all the metal concerns sold at higher prices and there were buyers for Mount Lyells, Mount Morgans and Broken Hills at higher levels. Banking shares were unchanged, although the inquiry appeared more pronounced. New Zealand industrials were quiet. Sales were reported of Woolworths Ltd. at 27/2 and 27/7 and of Mount Morgans at 10/-.

The following quotations were called:— GOVERNMENT DEBENTURES

AUCKLAND

WELLINGTON

Mount Lyell 1 11 0 do. 1 10 11 CHRISTCHURCH

COMPANY NEWS NEW REGISTRATIONS IN SOUTHLAND

SYDNEY (Received February 25, 9.35 p.m.) SYDNEY, February 25. The Stock - Exchange maintains a bright tone, with prices generally at about yesterday’s levels.

MELBOURNE The Melbourne market today was inclined to react on the easier tone overseas. Dunlops rose In expectation of an increase in dividend.

The registration of the following new companies is notified in the latest issue of The Mercantile Gazette:— Awarua Oyster Co., Ltd. Registered as a private'company February 3. Office: Esk street, Invercargill. Capital: £2OOO in 2000 shares of £1 each. Subscribers: Bluff, W. L. Johnston 750, L. G. Johnston 750; Invercargill, A. W. O. Johnston 300, D. A. Dunn 100, E. Barclay 100. Objects, oyster and fish merchants. Universal Radio Supplies, Ltd. Registered as a private company, February 10. Office: Dee street, Invercargill. Capital, £650 in 650 shares of £1 each. Subscribers: Waikiwi, R. H. Taylor 640, D. J. Taylbr 10. Objects, radio dealers and manufacturers. McKenzies (Gore) Ltd. Registered as a private company, February 11. Office: 222-224 Willis street, Wellington. Capital, £250 in 200 preference shares of £1 each and 50 ordinary shares of £1 each. Subscribers: Gore, E. M. O’Connor 20, M. Staples 20, J. C. Raine 15, M. J. Wytock 15, B. O. White 15, C. E. Fitzpatrick 5, M. P. Bates 10, E. Ward 20, C. H. Tutty 20, E. W. Collett 15; Invercargill, C. A. McGregor 10, J. M. Pennington 5, M. E. Barnett 5, H. M. Proctor 5. R. H. Woollett 5, E. Sandeford 10, G. H. Cameron 5, all preference shares. Wellington, J. R. McKenzie, Ltd., 50 ordinary. Objects, general importers and dealers and incidental.

HOWARD, SMITH LTD. (Received February 25, 5.5 p.m.) SYDNEY, February 25. The directors of Howard, Smith Ltd., have recommended a dividend of three per cent, for the half year, making 5 per cent, for the year. BANK OF AUSTRALASIA LONDON, February 24. The bank of Australasia has declared a final dividend of 4/6. The reserve fund remains at £2,475,000 and the currency reserve at £2,000,000. The sum of £205,829 is to be carried forward. DAIRY PRODUCE MARKETS BUTTER STEADY IN LONDON (Received February 25, 5.5 p.m.) LONDON, February 24. The butter market is steady.

Buyers Sellers £ s d £ s d Stock, 3| p.c., 1938-43 — 102 5 0 Stock, 3j p.c., 1938-52 102 10 0 Stock, 3| p.c., 102 5 o Stock, 3-J p.c., 1939-52 102 10 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 1 Australasia 10 10 0 Commercial 0 16 6 0 17 0 Commercial of Sydney 20 10 0 National of Australasia 14 9 0 National of New Zealand 2 14 0 New South Wales 31 10 0 — New Zealand 2 2 9 New Zealand long “D” issue 1 10 0 BREWERIES N.Z. Breweries 2 6 0 COAL Kaitangata 1 10 0 Westport Coal 1 3 3 INSURANCE National 0 16 11 0 17 1 Standard 2 19 6 — LOAN AND AGENCY Dalgety and Co. 8 4 0 — Goldsbrough. Mort and Co. 111 6 National Mortgage 2 9 0 Southland Farmers’ Co-operative (dep. pref.) 5 1 0 Wright, Stephenson (pref.) 1 0 9 — MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 19 6 (10/- paid) 0 8 6 SHIPPING Huddart-Parker 2 2 3 — Union Steam Ship Co. (pref.) 1 6 9 —— WOOLLEN MILLS Mosgiel 9 10 0 MISCELLANEOUS Broken Hill Pty. 3 2 6 ! - British Tobacco (Aust.) - 2 10 0 Colonial Sugar Co. 46 0 0 G. J. Coles 4 1 9 — ■ — D.I.C. (ord.) 0 15 3 (pref.) 1 3 9 Dominion Fertilizer 1 3 6 1 4 3 Donaghys’ Rope and Twine 2 7 0 McLeod Bros’ Soap 29 10 0 Milburn Lime and Cement 2 0 0 N.Z. Drug 3 8 0 3 9 6 N.Z. Guarantee Corporation 0 4 4 0 4 8 Permanent Building Society 5 15 0 Wilson’s (N.Z.) Cement 0 18 6 Woolworths (N.Z.) 1 0 6 Wolworths Ltd. 1 7 0 — MINING Broken Hill South 1 16 0 Big River 0 1 1 Electrolytic Zinc (ord.) 2 7 6 (pref.) 2 10 0 Gillespie’s Beach 0 0 9 0 1 0 Goldfields Dredging 0 0 2 0 0 4 Martha Gold Mining 0 15 1 Mount Lyell 1 11 6 Mount Morgans 0 10 0 0 10 4 Nokomai 0 1 11 0 2 3 Waipapa 0 0 3 North Broken Hill 2 11 9 Taranaki Oil 0 6 Q Rawang Tin 0 9 0 —

£ s d Stock 1946-49 4 p.c. 104 5 0 do. 1952-55 4 p.c. 104 2 6 Franklin Electric Power Board 1959 41/3 p.c. 105 0 0 Wellington Harbour Board 1940 5*,4p.c. (ass. 20 p.c.) 103 0 0 National Bank of N.Z. 2 13 6 Bank of New South Wales 32 2 6 Bank of N.Z. 2 2 11 do. (2) 2 2 10 Union Bank 8 19 0 South British 2 6 0 Taupiri Coal 17 0 Auckland Gas (3) 1 0 3 Northern Steam (2) 4 0 Dominion Breweries 1 17 3 N.Z. Breweries 2 5 S Broken Hill Propty. 3 2 0 Dunlop Perdrlau 1 3 0 do. 1 3 5 Farmers’ Trading 1 0 0 K. D. V. Boxes (cont.) 4 9 N.Z. Refrigerating (£1 paid) 18 9 Reid Rubber 1 6 0 Woolworths (N.Z.) 1 1 0 Woolworths (Syd.) 1 6 9 do. 1 6 7 do. 1 6 9 Martha 15 3 Waihi Investments 9 9 Mount Lyell 1 11 6 do. 1 11 2 Mount Morgan 9 11 Rawang Tin 9 6 Overseas List Woolworth’s Holdings (S.A.) 15 0 Unofficial Woolworths (W.A.) 4 10 0 Coromandel Gold 1 1

£ 6 d Wellington Harbour Board 1940 5>/2 p.c. (Thurs.) 103 5 0 Wellington City 4 ] /4 p.c. 1956 . (Thurs.) 105 15 0 Blenheim Borough 4U p.c. 1955 (Thurs.) 105 0 0 Bank of N.Z. (Thurs.) 2 3 0 Woolworths Ltd. (ord.) (Thurs.) 1 7 2 Woolworths (N.Z.) (ord.) 1 1 6 3’ z i p.c. Stock 1958-’.#j 98 2 6 4 p.c. Stock 1946 102 7 6 do. 1949 104 b 0 3',2 P-c. Stock 1938-52 103 0 0 N.Z. Breweries (2) 2 5 9 Henry Jones 2 9 0 Dunlop Perdriau 1 3 0 G. J. Coles 4 2 0 do. 4 2 3 Woolworths Ltd. (ord.) 1 7 0 do. (4J 1 0 9 do. 1 6 10

£ s d N.Z. Government 3y 2 p.c. Inscribed 1953-57 (2) 97 15 0 Commercial Bank of Australia 16 6 N.Z. Guarantee Corporation 4 4 British Tobacco 2 9 3 do. (2) 2 9 4 Broken Hill Propty. (2) 3 2 4 Electrolytic Sine (ord.) 2 7 6 do. 2 7 1 do. (pref.) 2 8 3 G. J. Coles 4 2 0 United Provisions 6 3 Woolworths (N.Z.) 1 1 6 do. 1 1 3 do. (2) 1 1 0 Woolworths (Syd., cum. div. and bonus) (3) 1 6 8 Woolworths (South Africa) 15 0 Grey River (2) 11 6 New River 6 Broken Hill South 1 14 6 Mount Lyell 1 11 3 Mount Morgan 9 11 Wellington Alluvlals 5 3 Sales Reported N.Z. Refrigerating (£1 paid) 18 9 Dunlop Rubber (2) 1 3 0 Woolworths (Syd.) 1 6 11 Woolworths (South Africa) (2) 15 0 Mount Morgan 9 11 DUNEDIN Sales Reported £ s d Westport Coal (2) 1 3 3 Taranaki OU 6 6 Woolworths (Syd., 2) 1 6 9

Sales were: £ s d Bank of New South Wales 32 15 0 Colonial Sugar 46 12 6 Associated Newspapers 1 2 3 do. (pref.) 1 5 3 British Tobacco 2 9 9 Tooth’s Brewery 2 15 6 Toohey’s Brewery 1 11 4>/ 2 G. J. Coles 4 3 3 Australian Iron and Steel (pref.) 1 8 4’/ 2 Australian Glass 4 14 0 Dunlop Perdriau Rubber 1 4 0 Farmers 1 13 0 Anthony Hordern 18 7*/2 Morts Dock 10 6 Warburton Franki (ex div.) 1 1 6 Goodyear (pref.) 1 12 3 Woolworths 1 7 3 Taubmans 3 6 6 Newbold Brick 1 13 lO'/s United Provisions 6 3 Gcldsbrough Mort 1 11 0

Sales were: £ s d Commercial Bank of Australia 16 9 National Bank (£5 paid) 7 3 0 G. J. Coles 4 3 3 Drug Houses 1 6 0 Dunlop Perdriau Rubber 1 3 11 Mount Morgan 9 11 Mount Lyell 1 11 3 Broken Hill Propty. 3 2 0 North Broken Hill 2 10 9 Emperor 12 6 Loloma 1 0 9

Quotations: — BUTTER Feb. 17 Feb. 24 Danish 127/New Zealand — Choicest salted 113/Unsalted 115/- to 116/Australian— Choicest salted 112/Unsalted 115/CHEESE 115/New Zealand — White 67/Coloured 67/6 67/6 Australian — White 65/65/- to 65/6 Coloured 65/6 to 66/66/-