Money Markets THE STOCK EXCHANGES

Southland Times, Issue 23512, 19 May 1938, Page 3

Money Markets THE STOCK EXCHANGES

Better Inquiry For Banking Shares

Better inquiry came for banking shares on the Jnvercargill Stock Exchange yesterday morning Bank oi iNew Zealands moved up with buyers at £2 4/3. vprnme nt eased a little, other lines remaining stationary Governme securities continued to show steadiness- Aus ra 1 . trials were a little uncertain and New Zealands show change. Australian mining stocks were all easier.

Quotations were as follows: — GOVERNMENT DEBENTURES

SYDNEY (Received May 18, 9 p.m.) SYDNEY, May 18. Investors are displaying hesitancy on the Stock Exchange because of the dull overseas markets and the droughty conditions in New South Wales. The tone of the market, however, is firm. Taranaki Oil continues to move upwards and Morris Hedstrom has also advanced after the announcement of a special bonus of 2*,i per cent. Sales:

MELBOURNE Trading is quiet and prices are generally steady. Sales:

WOODLANDS STOCK SALE IMPROVEMENT IN MARKET There was an entry of 48 cattle and 70 sheep at the Woodlands stock sale yesterday. Prices were better than they have been at the last few sales. The National Mortgage and Agency Co., Ltd., sold 1 empty cow at £5, 1 at £4, 1 at £2 17/6, 1 at £1 10/-, 2 dairy cows at £4 10/-, 1 at £5 7/6, 1 at £4, 1 at £3 12/6, 1 at £4 5/-, 2 at £2 12/6, 1 at £l, 1 dairy heifer at £3 10/-, 1 at £3, 2 at £2 12/6, 2 at £2 12/6, 3 calves at 15/-. J. E. Watson and Co., Ltd., sold 1 store cow at £1 18/-, 1 at £1 9/-, 1 dairy cow at £3 15/-. The Southland Farmers’ Co-opera-tive Association Ltd. sold 1 empty cow at £2 19/-, 1 at £2 15/-. 2 dairy cows at £3 each, 2 at £2 10/each, 2 dairy heifers at £3 2/6, 1 at £5, 1 at £4, 3 steers at £3 5/-, 6 calves at £2 6/-, 10 fat ewes at 16/—, 9 at 15/-, 51 store sheep at 14/9. Henderson and Co., Ltd., sold 1 fat bullock at £lO 5/-, 1 dairy cow at £2, 1 at £1 16/-, 1 at £4 15/-, 1 at £4 7/6, 1 at £2 12/-, 1 at 14/-. . FOREIGN EXCHANGES (British Official Wireless) (Received May 19, 6.30 p.m.) RUGBY, May 18. The tollowing mean closing rates of foreign exchanges were quoted today compared with par:—

BRITISH EXCHEQUER RETURNS (British Official Wireless) (Received May 18, 6.30 p.m.) RUGBY, May 17. The Exchequer returns show that the total ordinary revenue amounts to £72,008,013 compared with £79,195,039 a year ago. The total expenditure, less self-balancing items, is £111,479,352 compared with £102,914,958 at the corresponding date in 1937.

Buyers £ s d Sellers £ s d Stock, 3J p.c., 1938-52 101 5 Stock, 3J p.c.. 1939-52 101 5 0 Stock, 4 p.c., 1946 102 15 0 — Bonds, 4 p.c., 1946 102 15 Stock, 4 p.c., 1949 102 15 0 Bonds, 4 p.c., 1949 102 15 0 Stock, 4 p.c., 1955 104 0 Bonds, 4 p.c., 1955 104 0 BANKS Commercial 0 16 1 0 16 4 Commercial of Sydney — 21 0 0 E.S. and A. Bank 4 13 0 5 0 0 National of New Zealand 2 13 9 New South Wales * 32 5 0 New Zealand 2 4 3 - — New Zealand .Long “D” issue 1 9 3 1 10 0 BREWERIES • N.Z. Breweries 2 4 6 2 5 6 COAL Westport Coal 1 4 0 -— INSURANCE National 0 17 5 — Standard 2 18 6 LOAN AND AGENCY Goldsbrough, Mort and Co. 1 1U Trustees Executors (Dunedin) 3 10 0 — Wright, Stephenson a (pref.) 1 1 U meat companies Gear Meat Co. 0 15 9 — N.Z. Retrigerating (20/- paid), 0 18 6 U 19 6 (10/- paid) 0 8 2 U 8 6 Southland Frozen Meat 1 8 0 1 9 0 South Otago Freezing Co,, SHIPPING Huddart-Parker 2 4 3 — Union Steam Ship Co. (pref.) 1 7 0 — WOOLLEN MILLS Wellington Woollens ■ 5 8 0 MISCELLANEOUS Australian Glass 4 12 0 — Broken Hill Pty. 3 1 6 — 1 Colonial Sugar Co. 48 10 0 G. J. Coles 4 2 9 D.I.C. (ord.) ■ 1 0 14 9 D.I.C. (pref) 1 3 3 A — Dominion Fertilizer 1 0 Milburn Lime and Cement — 1 18 0 McKenzies Ltd 3 6 0 n 3 9 0 N.Z. Drug 6 I N.Z. Paper Mills ——— — 1 5 0 New Zealand Paper Mills 1 5 0 Permanent Building Society O J-U Woolworths (N.Z.) 1 2 0 Woolworths Ltd. Woolworths Pty. n o Q (rights) U o MINING Broken Hill Sqjith 1 11 0 Big River 0 1 0 0 1 3 Electrolytic Zinc (ord.) 2 2 3 (pref.) Gillespie’s Beach 0 0 9 2 0 0 10J Goldfields Dredging - 1 - 0 u Mount Lyell 1 5 6 1 6 6 Mount Morgans 0 8 6 c 0 8 9 Nokomai _ „ U 1 A North Broken Hill 27 Taranaki Oil 0 8 & AUCKLAND

£ 3 d Stock. 1939-43, 3*/2 PC, Auckland Harbour Board. 1955, 4»,4 pc. do. 1954, 4 p.c. 100 5 0 106 106 0 10 0 0 Commercial Bank of Australia 16 2 do. (pref.) 9 7 6 Bank of New Zealand (3) 2 4 6 United Building (Auckland) 1 0 0 Auckland Gas (3) 1 0 Northern Steam (paid) 4 Nev/ Zealand Breweries 2 0 Australian Glass 4 13 6 British Tobacco 8 Colonial Sugar (odd lot) 48 10 0 Edments Taranaki Oil (3) 8 9 Wilson’s Cement 17 0 Woolworths (Sydney) 1 2 2 Woolworth’s Properties (rights) (2) 3 9 Talisman Dubbo 7 6 Mount Morgan 8 6 WELLINGTON £ s d Late Tuesday McKenzies 3 7 6 Woolworths Ltd. (ord.) (2) 1 2 2 Sales Tuesday Stock, 3 p.c, 1939-41 98 0 0 Stock, 3'/2 p.c, 1943 Auckland Harbour Board, 4>,4 100 2 6 p.c., 1955 106 0 0 National Bank of New Zealand 2 12 9 New Zealand Brev/eries 2 5 1 Broken Hill Pty. 3 1 10 Colonial Sugar 48 12 6 Consolidated Brick and Pipe 9 0 G. J. Coles 4 4 6 do. 4 4 6 Motorua Oil (ord) 3 9 Taranaki Oil (2) 8 9 do. (3) 8 11 Woolworths Ltd. (ord.) 1 2 1 Woolworths (New Zealand) (ord) 1 1 7 Mount Morgan 8 6 Overseas Listings Late Tuesday Woolworth’s Holdings 16 2 Sale Yesterday Woolworth’s Holdings (2) 16 1 CHRISTCHURCH £ B a Listed Stocks National Bank of New Zealand 2 12 9 Goldsbrough Mort Broken Hill Pty. (contra, cum 1 16 11 div.) 1 17 9 Electrolytic Zinc (ord.) 2 1 4 G. J. Coles (3) 4 4 0 Taranaki Oilfields 8 6 do. 8 7 do. 8 8 do. 8 10 do. (2) 9 0 do. 8 10 do. 8 7

Woolworth’s Properties (rights) (3) do. (3) do. Broken Hill South (3) Mount Lyell (cum div.) . do. Mount Morgan (3) North Broken Hill do. Sales Reported 8 6 3 9 3 10 3 11 1 10 4 1 c c 1 5 8 2 7 2 7 G sy 2 3 5 Commercial Bank of Australia 16 4 National Bank of New Zealand 2 12 9 Bank of New Zealand 2 4 4 0 Standard Insurance 2 17 New Zealand Refrigerating (10/paid) New Zealand Breweries 2 8 5 0 Taranaki Oilfields 9 0 Woolworth’s Properties (rights) 3 10 Wilcox Mofflin 1 2 3 niz Mount Morgan 8 u*2 DUNEDIN i £ 8 a Taranaki Oil 8 10 Mount Lyell (2) do. 1 1 5 5 6 Sales Reported E.S. and A. Bank (Australian currency) Colonial Sugar , 4 48 18 12 3 6 New Zealand Paper Mills (rights) 8 Otago Daily Times 2 6 6 Taranaki Oil (5) 8 Woolworths (Sydney) 1 2 3 Mount Morgan 8 After Call New Zealand Paper Mills (rights) 9

£ s d Commercial Banking of Sydney 20 12 0 National Bank (£10 paid) 13 19 0 Bank of Australasia 9 19 0 E.S. and A. Bank 4 18 3 Colonial Sugar 49 0 0 Associated News 1 1 0 Associated News (pref.) 1 3 6 British Tobacco 2 9 0 Tooth’s Brewery 2 17 0 Toohey’s Brewery v 1 11 9 Australian. Glass 4 14 0 Dunlop Perdriau Rubber 1 2 3 Farmers 1 13 0 David Jones 2 1 8 Anthony Hordern 18 1*2 Permanent Trustee 17 6 W. Atkins 1 3 0 Woolworths 1 2 6 Waldas 7 6» Westinghouse 1 0 3 Sargents 1 8 0 Goldsbrough Mort 1 11 4’/2 Morris Hedstrom 1 7 0 Wilcox Mofflin 7 6 Mount Lyell 1 5 9 Broken Hill Pty. 3 3 0 North Broken Hill 2 0 La rut 13 3 Taranaki Oil 8 5

£ s d E.S. and A. Bank 4 18 0 National Bank (£10 paid) * 14 0 0 Carlton Brewery 3 7 0 G. J. Coles 4 5 5 Dunlop Perdriau Rubber 1 2 3 Electrolytic Zinc (pref) 2 6 9 Yarra Falls 1 18 6 Mount Lyell 1 5 7>zfc Broken Hill Pty. 3 2 9 North Broken Hill 2 8 0 South Broken Hill 1 10 10 Emperor 11 9 Loloma 1 2 6

Par Today Paris, fr. to £ 124.21 177 21-32 New York, dol. to £ 4.886 4.96 5-8 Montreal, dol. to £ 4.886 5.00 5-8 Milan, lira to £ 20.43 94% Copenhagen, kr. to £ 18.159 22.40 Oslo, fr. to £ 19.159 19.90 Berlin, mik. to £ 20.42 12.36% Prague, kr. to £ 34.585 142% Helstngiors. m. to £ 103.23 226* a Madrid, pesetas to £ 25.15 — Lisbon, escudos to £ 110 110 3-16 Athens, dr. to 875 547 */ 2 Bucharest lei to £ 318.6 677 >/ a Belgrade, dinars 275.3 217 Rio de Janeiro, p. to mllrels 8.895 2 13-16 Buenos Aires, p. to dol. 45.577 19.02 la Montevideo, p. to dol. 57 20 Bombay, p. to rupee 10 18 Vb