Money And Markets THE STOCK EXCHANGES

Southland Times, Issue 23498, 3 May 1938, Page 3

Money And Markets THE STOCK EXCHANGES

Less Inquiry For Government Stocks

Quotations were:— GOVERNMENT DEBENTURES

SYDNEY J (Received May 2, 9 p.m.) < SYDNEY, May 2. 1 Price movements on the Stock Exchange today were mostly within narrow limits, c The general tone of the market was firm j

On the Invercargill Stock Exchange yesterday morning there was not the same inquiry for Government Stocks that has been noticeable lately. The market for this line was quiet, but steady. A better inquiry came for bank shares, but little change in price was noticeable. The insurance section was dull. No change was noticeable in the price for Frozen Meat Companies’ shares. Some of the Australian industrial companies’ shares were easier and there was no change in the price of New Zealand concerns. Brewery companies’ shares were steady. The market for most of the Australian mining companies’ scrip was an easier one.

MELBOURNE The Stock Exchange market is generally quiet. Industrials are irregular and there is little interest in mining shares. Sales:—

Buyers £ s d Sellers £ s d Stock, 4 p.c., 1946 102 0 0 Bonds, 4 p.c., 1946 102 0 < Stock, 4 p.c., 1949 102 0 0 — Bonds, 4 p.c., 1949 102 0 0 — BANKS Australasia 10 3 6 Commercial 0 16 3 Commercial, pref. 4 p.c. (cum.) 9 6 0 ■ E. S. and A. Bank 5 1 0 National of Australasia 7 0 0 National of New Zealand 2 13 6 2 1 5 0 New Zealand 2 3 6 New Zealand Long “D” issue 19 0 — BREWERIES Dunedin Brewery Co. 1 11 0 1 12 6 N.Z. Breweries 2 5 0 Dominions ■ 1 18 0 COAL Kaitangata 19 0 Westport Coal 13 6 — INSURANCE National 0 17 11 New Zealand 3 0 LOAN AND AGENCY Dalgety and Co. 8 8 0 Goldsbrough, Mort and Co. 1 10 6 Wright, Stephenson (pref.) 10 9 • MEAT COMPANIES N.Z. Refrigerating (20/- paid) . 0 18 4 — ■ — Southland Frozen Meat 17 6 South Otago Freezing Co. 5 6 0 — SHIPPING Huddart-Parker 2 6 0 Howard Smith 1 1 6 Union Steam Ship Co. (pref.) 1 7 0 P. and O. Stock 17 0 — WOOLLEN MILLS 'Wellington Woollens 5 8 6 MISCELLANEOUS Australian Glass 4 11 0 — Broken Hill Pty. 2 19 0 British Tobacco (Aust.) 2 8 0 2 9 0 Colonial Sugar Co. 48 5 0 G. J. Coles 3 19 6 D.I.C. (ord.) 0 15 0 D.I.C. (pref.) 14 0 - — Donaghy's Rope and Twine 2 5 0 2 7 0 Hume Pipe (Aust.) 0 18 3 Milburn Lime and Cement 2 9 0 McKenzies Stores 3 10 0 N.Z. Guarantee Corporation 0 4 4 ■ ■ '■ ■" ■- N.Z. Paper Mills 14 0 Permanent Building Society 5 15 0 Woolworths (N.Z.) 1 1 6 Woolworths, Ltd. 12 2 —1 —— Woolworths (rights) 0 2 6 — MINING Broken Hill South 111 0 Big River 0 10. 0 1 4 Electrolytic Zinc (ord.) 2 2 6 (pref.) 2 4 0 Gillespie’s Beach ■ 0 0 Goldfields Dredging 0 0 4 Mount Lyell 17 0 Nokomai 0 2 0 Waitahu 0 1 0 North Broken Hill 2 8 6 - Taranaki Oil 0 7 3 0 8 0 AUCKLAND £ s d Stock, 1953-57, 3',4 p.c. 98 10 0 do. 1943-46, 4 p.c. (2) 102 0 0 do. 1938-52, 3’4 p.c. 103 7 6 City of Auckland, 1944-51, 4% p.c. 103 0 0 Bank of N.Z. 2 3 9 E.S. and A. Bank 4 19 3 National Bank of N.Z. 2 14 4 N.Z. Insurance 2 18 6 Westport Stockton (pref.) g 9 Morts Dock 11 1 Woolworths (Sydney) 1 2 3 Woolworths Proprietaries (rights) 2 9 Golden Crown 4 0 WELLINGTON £ s (1 National Bank of Australasia £10 paid (Sat.) 13 19 0 Skippers Limited (Sat.) 3’4 p.c. Stock, 1938-52 103 7 6 Wellington City, 4’4 p.c., 1953 107 0 0 Colonial Sugar 48 8 9 Donaghy's Rope 2 5 6 G. J. Coles (ord.) (2) 4 ’0 0 G. J. Coles (pref.) (2) 1 15 10',4 N.Z. Drug 8 7 0 Woolworths Ltd., rights (2) 3 0 Woolworths Ltd., rights (2) 2 1 Nemona 1 6 CHRISTCHURCH £ s <1 Goldsbrough Mort. 1 10 1 New Zealand Breweries 2 4 8 Broken Hill Proprietary 2 19 9 do. 2 19 1 G. J. Coles (2) 4 0 0 Woolworths Proprietaries (rights) (3) 2 8 Taranaki Oilfields (2) 7 2 Woolworths (South Africa) 15 4 Broken Hill South (cum. div.) 1 10 0 Sales Reported N.Z. Govt. 4 p.c. Inscribed, 1946 102 0 0 National Bank of N.Z. (odd parcel) 2 15 3 do. 2 14 0 N.Z. Refrigerating. (£1 paid) (odd 1 parcel) 18 4 New Zealand Breweries (odd parcel) (2) 2 4 6 Woolworths Proprietaries (rights) (5) 3 0 G. J. Coles 4 0 0 DUNEDIN e s d Broken Hill South (Sat.) 1 10 6 4 p.c. Stock, 1946-4S, 102 5 0 Consolidated Brick 7 10',4 Donaghy’s Rope 2 5 G Milburn Lime 1 17 6 N.Z. Breweries 2 4 6 Mt. Lyell 1 7 8

and business was well up to the average for a Monday. Sales:— £ s d Bank of New South Wales 32 0 0 National Bank (£5 paid) 6 19 0 Howard-Smith 1 1 4‘/ 2 Bums Philp 2 13 6 Tooth’s 2 1G 9 Toohey’s 1 11 6 Australian Glass 4 15 0 Anthony Hordern 19 0 Stedman 15 3 General Industries 19 3 Kandos 1 5 0 Morts Dock 11 0 Hume Pipe . . 18 9 Victoria Nyanza J6 9 Morris Hedstrom X 6 0 Malley's ’ 1 1 3 Woolworths I 2 6 Mt. Morgan 9 0 Mt. Lyell 1 7 6 Broken Hill Proprietary 3 0 6 North Broken Hill 2 9 0 South Broken Hill 1 10 6 Kuala Kampar 16 6 Larut 12 9 Placer Development 3 11 0 Emperor 12 2

Commercial Bank of Australia 16 8 National Bank (£5 paid) 6 18 6 Drug Houses 1 5 6 Dunlop Perdriau 1 2 3 Goldsbrough Mort 1 10 3 Australian Foundation Investment Trust 4 6 Electrolytic Zinc 2 2 3 do. (pref.) 2 6 3 Mt. Lyell 1 7 714 Broken Hill Proprietary 3 0 3 do. (new) 1 16 41,4 North Broken Hill 2 9 6 South Broken Hill 1 10 9 Emperor 12 0 Loloma 1 2 6