AUSTRALIAN INDUSTRIALS EASE ON INVERCARGILL EXCHANGE

Southland Times, Issue 23537, 17 June 1938, Page 3

AUSTRALIAN INDUSTRIALS EASE ON INVERCARGILL EXCHANGE

There was an easier market for Australian industrials on the Invercargill Stock Exchange yesterday. Broken Hill Proprietary eased to £2 18/6 and G. J. Coles were lower with buyers at £4 1/3, sellers asking £4 2/-. No buyers came forward for Dunlops, for which sellers asked £1 0/8. Little interest was taken in banks, the only lines in demand being Nationals at £2 13/-, and Unions steady at £8 5/-. Oil shares again attracted a lot of attention, Taranakis advancing to 15/-, and Oils selling at 5/7 to 5/11. Australian mining shares were dull. Broken Hill South ex dividend were offered at £1 6/-, and Mount Lyells had buyers at the lower figure of £1 2/4. Mount Morgans were also easier in price. Sales of Woolworths (Sydney) at £1 0/6, Taranaki Oils at 14/11 and Commercial Banks at 15/10, were reported.

SYDNEY (Received June 16, 8.45 p.m.) SYDNEY. June 16. Investors are still cautious, resulting in' continued weakness on the Stock Exchange. However, the Inquiry for metal shares is stronger.

THE RESERVE BANK ASSETS AND LIABILITIES (United Press Association) WELLINGTON, June 16. Following is a statement of the assets and liabilities of the Reserve Bank of New Zealand as at the close of business on Monday, June 13:— LIABILITIES

Proportion of reserve (No. 7, less No. 5) to notes and other demand liabilities, 76.683 per cent. METAL MARKET (Received June 16, 6.30 p.m.) LONDON, June 15. Metals are quoted as follows:— June 14 June 15

COLOMBO TEA AUCTION J. Rattray and Son., Ltd., report having received the following cabled report of the tea auction held in Columbo on Tuesday:— Full supplies continue with quality showing improvement; market firmer for common teas with prices generally unchanged; quantity. 3,250,0001 b; next sale, 2,750,0001 b. THE PRICEOF GOLD (Received June 16, 6.30 p.m.) LONDON, June 15. The price of gold is £7 0/9 an ounce.

Quotations were as follows:— GOVERNMENT DEBENTURES Buyers £ s d Sellers £ d Stock, 34 p.c M 1OQR 102 ) 0 Stock, 3J 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., 1955 102 0 0 - - Bonds, 4 p.c., 1955 102 0 0 — BANKS Commercial 0 15 10 — National ot New Zealand 2 13 0 — New South Wales 32 1 0 New Zealand . .. 2 0 Union of Australia 8 5 0 — BREWERIES Dunedin Brewery Co. 11: 0 N.Z. Breweries — 2 2 0 COAL Kaitangata 17 0 1 9 0 Westport Coal 14 0 — Westport-Stockton (pref.) 0 6 4 INSURANCE National 0 17 10 South British 2 6 6 — LOAN AND AGENCY National Mortgage 2 2 6 — Trustees’ Executors (Dunedin) 4 0 0 — Wright, Stephenson (pref.) 1 1 0 MEAT COMPANIES ✓ N.Z. Refrigerating (20/- paid) — ■■■ 0 19 0 (10/- paid) 0 8 5 ■ ■ — Southland Frozen Meat 19 6 1 10 6 South Otago Freezing Co. — 5 11 0 SHIPPING Huddart-Parker (pref.) '18 0 Union Steam Ship Co. (pref.) 16 0 1 7 0 MISCELLANEOUS Broken Hill Pty. 2 18 6 2 19 6 British Tobacco (Aust.) 2 7 0 — G. J. Coles 4 13 4 2 0 D.I.C. (ord.) 0 14 3 — D.I.C. (pref.) 13 9 — Dominion Fertilizer 13 9 1 4 6 Dominion Rubber Co. 1 5 0 Donaghy’s Rope and Twine 2 6 o | Dunlop Rubber (Aust.) ■, - 1 0 8 Mil burr; Lime and Cement —— 1 17 3 McKenzies - —- 3 3 9 N.Z. Drug 3 7 0N.Z. Guarantee Corporation 0 4 4 New Zealand Paper Mills 10 3 Permanent Building Society 5 16 0 Wilson (N.Z.) Cement 0 17 0 Woolworths (N.Z.) — .. - 1 0 9 Woolworths, Ltd. 1 0 9 MINING Broken Hill South (ex. div.) — 1 6 0 Big River 0 10 0 1 2 Electrolytic Zinc (ord.) — 1 16 0 (pref.) 1 19 6 2 1 6 Gillespie’s Beach 0 0 10 Mount Lyell 12 4- “ ■ —■ Mount Morgans 0 8 1 0 8 4 Okarito — 0 3 6 Waitahu 0 0 8 - — North Broken Hill — 1 16 6 Taranaki Oil 0 14 6 - — UNLISTED

Woolworths Properties (rights) 0 3 10 AUCKLAND £ s d Stock, 1952-55, 4 p.c. (2) 102 0 0 Bay of Plenty Power Board, 1965, 4 >4 p.c. 105 0 0 Mount Eden Borough, 1956-61 4 >,4 p.c. 104 10 0 Mount Eden Borough, 1953-58, 4>4 p.c. 104 5 0 Bank of New Zealand 2 3 6 New Zealand Insurance 2 17 3 Newton King (pref.) 8 11 Auckland Gas 10 6 Devonport Ferry 1 0 3 Anthony Hordern 17 2 Broken Hill Proprietary 2 18 3 Colonial Sugar 47 8 9 Electrolytic Zinc (pref.) 2 0 6 Farmers’ Trading 1 1 0 Hill and Plummer 19 0 Moturoa Oil (2) 6 0 New Zealand Newspapers 1 15 3 New Zealand Paper Mills 1 0 4'/ 2 Taranaki Oil (2) 14 3 do. 14 2 Woolworths (Sydney) 10 6 Woolworth’s Properties (rights) (2) 3 8i/ 2 do. •39' Unofficial List Farmers’ Co-operative Organization (Hawera) 8 0 0 Coromandel Gold 1 2 WELLINGTON Late Sales Wednesday £ « d Taranaki Oil 14 9 Moturoa Oil 5 8 Wellington Alluvials 5 10 Sales Yesterday Bonds Hosiery Mills 15 0 New Zealand Breweries 2 1 3 Colonial Sugar 47 9 0 Moturoa Oil 6 0 do. 6 1 do. 6 3 do. 6 1 do. (2) 6 2 Taranaki Oil 14 5 do. 14 4 do. (7) 14 3 Woolworths (rights) (4) 3 10 Big River 1 0 Mount Lyell 1 2 6 do. 12 8 CHRISTCHURCH £ s d Dalgety and Co. (2) 7 17 6 □oldsbrough Mort (cum. div.) 1 6 9 |

New Zealand Refrigerating (10/paid) 8 5 New Zealand Breweries (ex. div.) (2) 2 1 3 British Tobacco (cum. div.) 2 7 0 Dominion Builders (cum. div.) 5 3 G. J. Coles 4 1 1 Taranaki Oilfields 14 4 do. (6) 14 3 do. (2) 14 2 Woolworths (Sydney, ord.) (3) Woolworths Properties (rights) 1 0 6 (2) 3 9 Broken Hill South (ex. div.) 1 4 9 Mount Lyell (cum. div.) 1 2 4 do. 1 2 5 Mount Morgan (cum. div.) (2) 8 1 do. (3) 8 2 >,4 Mount Morgan (pref., 12/- paid) (2) 13 4 Sales Reported Moturoa Oil 6 3 Wilcox Mofflin 5 6 Woolworths Properties (rights) 3 10 DUNEDIN £ s d Taranaki Oil 14 5 Broken Hill Proprietary 2 17 9 Mount Morgan (2) 8 4 Sales Reported G. J. Coles 4 1 3

Sales:— £ s d Bank of New South Wales 31 15 0 Queensland National Bank 5 1 0 Colonial Sugar 47 10 0 South British Insurance 2 7 6 Howard Smith 1 1 0 Bums Philp (contr.) 2 8 0 Associated Newspapers (pref.) 1 3 10’,4 Tooth’s Brewery 2 13 9 Toohey's Brewery 1 11 7’4 G. J. Coles 4 1 6 Standard Cement r 19 9 R. Fowler 19 9 Newbold. Brick 1 11 3 Gordon and Gotch 2 11 9 Australian Guarantee Corporation 1 1 4',4 Goldsbrough Mort 1 7 0 Wilcox Mofflln 5 5 Mount Morgan 8 5 Mount Lyell 1 2 9 Rawang Tin 8 2 Larut 12 3 Loloma 1 1 10 Taranaki Oil 14 4 * MELBOURNE

Sales:— £ s d National Bank (£5 paid) 6 12 6 Australian Paper (pref.) 1 4 6 British Tobacco *» 7 6 G. J. Coles 4 1 9 Australian Glass 4 13 6 Dunlop Perdriau Rubber 19 10 Goldsbrough Mort 1 7 0 Felt and Textiles 1 11 0 Herald and Times 2 15 9 Electrolytic Zinc 1 15 9 Mount Morgan 8 4 Mount Lyell 1 2 9 Broken Hill Proprietary 2 18 3 North Broken Hill 1 15 7 South Broken Hill 1 4 7 Emperor 12 4 Loloma 1 1 9

£ s d 1. General reserve fund 1,500,000 0 0 2. Bank notes 13,704,322 10 3 3. Demand liabilities — (a) State 4,998,559 10 11 (b) Banks 6,657,780 12 5 (c) Other 388,277 6 5 4. Time deposits 5. Liabilities in currencies other than N.Z. currency ■ 6. Other liabilities 99,179 15 7 TOTAL £27.348,119 15 4 ASSETS 7. Reserve— (a) Gold 2,801,791 0 0 (b) Sterling exchange 16,943,465 3 9 (c) Gold exchange ■— 8. Subsidiary coin 228,600 8 3 9. Discounts— (a) Commercial and agricultural bills <b) Treasury and local 10. Advances— (a) To the State or State undertakings: (1) Primary Products Marketing Department 4,269,942 18 5 (2) For other purposes 300,000 0 0 (b) To other public (c) Other — 11. Investments 2,732,064 16 6 12 Bank buildings — —■ 13. Other assets 72,255 8 5 TOTAL £27,348,119 15 4

£ s d £ s d CopperStandard, spot 33 13 l’/ 2 33 19 4>/ 2 Forward 33 18 1/2 34 3 Hi Electrolytic 38 0 0 38 10 0 to 39 0 0 39 0 0 Wire bars 39 0 0 39 0 0 Lead— Spot 13 6 3 13 6 10>/ 2 Forward 13 6 10'/ 2 13 6 10>/ 2 SpelterSpot 12 8 Hi 12 6 10’i Forward 12 11 10',i 12 11 10 >,2 TinSpot 170 2 6 171 7 6 Forward 171 0 0 172 2 6 SilverFine, per oz. 18%d 18’ ed Standard, per oz 20 1 ,id 20%d