Money And Markets THE STOCK EXCHANGES

Southland Times, Issue 23499, 4 May 1938, Page 3

Money And Markets THE STOCK EXCHANGES

Better Inquiry For Government Loans

Government loans were firm and there was a better inquiry on the Invercargill Stock Exchange yesterday morning for this line. Banks remained steady at late rates. Nationals continued to be the only line in the insurance section for which there was any demand. Shipping companies stock continued to receive some inquiry and the same remark applied to frozen meat companies’- shares. Australian industrial issues were in better demand, but New Zealands showed no change. The mining market was uncertain.

SYDNEY (Received May 3, 9.25 p.m.) SYDNEY, May 3. Colonial Sugar shares advanced strongly to £5O on the Stock Exchange today, which is the highest reached on the present capitalization. Tooth’s and Australian Glass shares made further headway, otherwise

Woolworths 12 6 MELBOURNE Industrials generally showed little change on the Stock Exchange today. The mining

SHEEPSKIN SALE IN DUNEDIN OFFERING OF MEDIUM CATALOGUES (United Press Association) DUNEDIN, May 3. The Dunedin Wool Brokers’ Association reports that the fortnightly sheepskin sale was held today when mediumsized catalogues were offered to a small attendance of buyers. There was fair competition for first quality full—woolled crossbred and halfbred skins, and these sold on a par with late ruling rates. Short wools were from par to a shade easier. Faulty sorts, however, were neglected and showed a drop of Id to IJd per lb on previous sales rates.

MINING RIMU DREDGE (United Press Association) HOKITIKA, May 2. The Rimu Dredge return is 170.550 z for 107 hours and 39,706 yards treated. THE PRICE OF GOLD LONDON, May 2. The price of gold is £6 19/6| an oz. MINING QUOTATIONS IN LONDON

THE WHEAT MARKET LONDON, May 2. Wheat cargoes are slightly steadier and parcels show an easier tendency. Futures: — London: May 39/-; November 32/la. Liverpool: May July 6/7-f; October 6/sg. Chicago: May 79 cents; July 77g cents; September 78j cents.

Quotations were as follows: — GOVERNMENT DEBENTURES Buyers Sellers £ £ ; d £ s d Stock, 3g p.c., inn in o iy«5o~4J Stock, 34 p.c., 1938-52 103 Stock, 3| p.c., 0 0 — 1939-43 —— - 100 10 0 Stock, 34 p.c., 1939-52 103 Stock, 4 p.c., 1946 102 Bonds, 4 p.c., 1946 102 0 0 0 0 0 0 — Stock, 4 p.c., 1949 102 2 6 Bonds, 4 p.c., 1949 102 2 6 — BANKS Australasia — 10 1 0 Commercial 0 16 3 0 16 7 Commercial, pref. 4 p.c. (cum.) 9 5 0 5 o 0 o. ana a. jjaiiK National of Aus7 o o Wales 31 : to 0 New. Zealand 2 New Zealand Long 3 7 “D” issue 1 9 3 — BREWERIES Dunedin Brewery Co. 1 11 0 1 12 6 2 5 0 Tooth’s Brewery 2 14 0 — COAL Kaitangata 1 Westport Coal 1 9 3 0 6 — INSURANCE National 0 17 3 — 3 0 o LOAN AND AGENCY Dalgety and Co. 8 Goldsbrough, Mort 8 0 — and Co. 6 2 ” 3 6 National Mortgage —— Wright, Stephenson (pref.) 1 0 9 — MEAT COMPANIES N.Z. Refrigerating (20/- paid) * 0 18 3 ■ (10/- paid) 0 8 0 0 8 4 Southland Frozen Meat 1 South Otago Freez7 6 — ing Co. 5 6 0 — SHIPPING 1 1 6 Howard Smith Huddart-Parker 2 6 q Union Steam Ship Co. (pref.) 1 7 0 P. and O. Stock 1 6 6 — WOOLLEN MILLS Wellington I---lens MISCELLANEOUS Australian Glass 4 . LI 0 — Broken Hill Pty. 2 19 9 British Tobacco (Aust.) 2 8 0 —- Colonial Sugar Co. 48 G. J. Coles 5 0 4 0 3 n 1.5 0 D.i.v. (ora.) D.I.C. (pref.) 1 Dominion Fertilizer 1 4 4 0 6 — Donaghy’s Rope and 2 Twine Dunlop Rubber (Aust.) 1 2 0 1 2 6 Hume Pipe (Aust.) 0 18 6 0 19 0 Milbum Lime and 1 IQ o Cement 3 10 o McKenzies Ltd. 3 9 o N.Zj. Drug N.Z. Guarantee Corporation 0 4 4 1 Woolwortns dn.Zj.j Woolworths, Ltd. 1 Woolworths (rights) 0 2 2 2 6 MINING Broken Hill South 1 10 0 — Big River 0 1 0 0 1 l 4 Electrolytic Zinc p o (ora.) (pref.) 2 Gillespie’s Beach 0 4 9 — 0 94 —— Mount Lyell 1 7 0 o 9 2 Mount Morgans 0 1 3 Nokomai 0 1 0 Waipapa North Broken Hill 2 8 6 Taranaki Oil ■ 0 7 0 0 7 9 AUCKLAND £ s d Stock, 1946-49. 4 p.c. 102 5 0 do. 1953-57, 3>/ 2 p.c. 98 5 0 Commercial Bank of Australia (pref.) 29 10 6 Bank of New Zealand 2 4 0 N.Z. Insurance I 2 18 6 Auckland Gas (con.) 14 0 Tooth’s Breweries 2 16 7 G. J. Coles 4 0 0 do. 3 19 9 Grey and Menzies 13 6 Woolworths (Sydney) 1 2 2 Woolworths Properties (rights) 10 do. 3 0 do. (2) 3 1 Skippers ¥2 Mt. Lyell 1 7 0 WELLINGTON £ s d South British Insurance (Mon.) 2 4 6 3>,4 p.c. Stock, 1938-52 (2) 103 7 6 Bank of New Zealand 2 4 0 Rank of N.Z., "D” long term 1 9 6 Bank of New South Wales 31 17 0 Christchurch Gas 1 7 9 National Insurance 17 7 British Tobacco 2 8 4’/2 do. 2 8 4 Electrolytic Zinc (pref.) 2 5 3 do. (2) 2 5 9 G. J. Coles 4 0 0 do. (pref.) 1 15 10 $2 Woolworths Ltd., (ord.) 1 2 1 do. (ord.) (2) 1 2 2 Woolworths Ltd., (rights) (2: 1 2 11 do. (7) 3 0 do. 3 0 */2 do. (2) 3 1 do. (2) 3 2 CHRISTCHURCH £ s <1 N.Z. Govt., 3>/ 2 p c., Inscribed, 100 1939-43 0 0 N.Z. Refrigerating (10/- paid) (3) 8 3 N.Z. Breweries 2 4 9 Australian Glass 4 13 0 Broken Hill Proprietary 2 19 10 do 2 19 8 do. 2 19 6 Dunlop Rubber do. 1 1 2 2 1 0 Electrolytic Zinc (pref.) (2) do. 2 2 5 5 9 5 G. J. Coles 4 0 2 Taranaki Oilfields 7 5 Woolworths Properties (rights) (2) 3 0 do. 3 1 do. 3 2 do. 3 3 do. (4) 3 4 do. 3 3 do. (2) do. (6) 3 3 2 3 Woolworths (Sydney, ord) (2) 1 2 2 do. 1 2 «j Woolworths (South Africa) (3 ) 15 5

South Broken Hill (cum. div.) 1 10 0 Mt. Lyell (3) 1 7 0 do. 1 6 11 do. 1 6 10 do. 1 6 11 Mt. Morgan 8 11 North Broken Hill (3) 2 9 0 Sales Reported Christchurch Gas 2 7 9 N.Z. Breweries 2 4 8 Tooth’s Brewery 2 15 9 Dominion Fertilizer 1 5 6 Skippers Mt. Lyell 1 7 0 N.Z. Farmers’ Fertilizer 19 3 • Woolworths (ord.) 1 2 3 DUNEDIN £ s d Broken Hill Proprietary (2) 2 19 7 do. 2 19 6 Sales Reported National Insurance (Mon.) 17 8 4 p.c. Stock, 1943-46 102 10 0 Sandhills 2 G. J. Coles 4 0 0 Arra Falls 1 17 4

prices were fairly steady. Sales:— £ s d Bank of New South Wales 32 0 0 Colonial Sugar ,50 0 0 Associated News 1 1 10/2 Burns Philp 2 13 6 Australian Gas (A) 7 9 6 British Tobacco 2 8 3 Tooth's Brewery 2 17 0 Australian Iron and Stell (pref.) 1 7 3 Australian Glass 4 14 9 Dunlop Perdriau 1 2 3 do. (pref.) 1 17 3 G e neral Industries 19 3 Felt and Textiles 1 13 0 Newbold Brick 1 11 0 W. H. Soul 4 8 0 Wilcox Mofflin 8 9 South Broken Hill 1 10 3 North Broken Hill 2 8 9 Placer Development 3 12 0 Sulphide Corporation 10 0 Emperor 11 10'/z Goodlet Smith 2 2 0 Amalgamated Wireless (contr.) 2 10 3 do. (N.Z. delivery) 2 10 3

section was slack:— Sales: — Commercial Bank of Australia 16 7 Cox Bros. 15 6 Coles 4 0 0 Drug Houses 1 5 4 Vi Australian Glass 4 14 6 Dunlop Perdriau 1 2 3 Australian Foundation Investment Trust 4 5 Electrolytic Zinc (pref,) 2 5 9 Mt. Lyell 1 7 6 Broken Hill Proprietary 3' 0 0 North Broken Hjll 2 8 0 Emperor 11 8 _____

Quotations are as follows — d. d. Halfbred full-wools to 93 Halfbred three-quarter-wools to 83 Halfbred half-wools to 63 Halfbred quarter-wools to 6 Crossbred full-wools to 73 Crossbred three-quarter-wools to 73 Crossbred half-wools to 63 Crossbred three-quarter wools to 53 Halfbred hoggets to 8 _ Crossbred hoggets to n First pelts to 43 Second pelts to 23 F. crossbred full-wools to 83 F. crossbred three-quarter-wools to 73 F. crossbred half-wools to 63 F. crossbred quarter-wools to 53 Crossbred dead and darr - aged 3 to 53 F. Crossbred dead and damaged 4 to 63 ' Halfbred dead and damaged 5 to 73 Halfbred lambs to 73 Crossbred lambs to 63

LONDON, May 2. Mining share quotations are as follows:— Clutha River Company Buyers 1/7J Sellers 1/10J Molyneux River Company Buyers 1/Sellers 1/3 New Guinea Buyers 1/1 Sellers 1/2 Bulolo £5