MONEY AND MARKETS

Southland Times, Issue 23538, 18 June 1938, Page 4

MONEY AND MARKETS

MINING SHARES DOWN ON INVERCARGILL EXCHANGE

Little interest continues to be taken in banking shares on the Invercargill Stock Exchange. Commercials are steady with buyers at 15/8, and Unions remain unchanged at £8 5/-. The insurance market is a quiet one. Commonwealth industrials had little buying support and the market for some of the leading lines is an easier one. New Zealand issues are steady but quiet. Oil companies’ shares .continue to receive some attention, but the market yesterday was not quite so active. Australian mining issues .showed no improvement, Broken Hills, Mount Lyells and Electrolytic Zincs all being at low levels.

SYDNEY (Received June 17, 9.10 p.m.) SYDNEY, June 17. Dull conditions on the overseas markets continue to exert a depressing influence on the Sydney Stock Exchange, resulting in industrial shares further weakening. The undertone of the market, however, is quite healthy. - Sales:— £ s d

METAL MARKET (Received June 17, 6.30 p.m.) LONDON, June 16. Metals are quoted as follows: —

DAIRY PRODUCE (Received June 17, 6.30 p.m.) LONDON, June 17. The butter market is steady and cheese is quiet. Quotations:— BUTTER

GOVERNMENT SECURITIES (Received June 17, 6.30 p.m.) LONDON, June 16The following are the latest quotations for Government securities compared with

THE PRICE OF GOLD LONDON, June 16. The price of gold is £7 0/10 per oz.

The following quotations were called: GOVERNMENT DEBENTURES Buyers Sellers £ s 3 £ S d Stock, 31 p.c., 1938-52 — Stock, 34 p.c.. — 102 0 0 102 1Q3Q-59 Stock, 4 p.c., 1946 102 10 0 0 0 Bonds, 4 p.c., 1946 102 10 0 Stock, 4 p.c., 1949 102 40 0 Bonds, 4 p.c., 1949 102 10 0 Stock, 4 p.c., 1955 102 0 0 Bonds, 4 p.c., 1955 102 0 0 BANKS Commercial 0 15 10 0 16 3 New South Wales — 32 0 0 2 4 o New Zealand Union of Australia 8 3 0 BREWERIES Dunedin Brewery 1 1(> 6 CO. 2 2 6 N.Z. Breweries COAL Westport Coal 1 4 0 I Westport-Stockton (pref;) 0 6 4 INSURANCE National 0 17 6 0 17 10 South British , 2 6 6 LOAN AND AGENCY 8 o o Dalgety and Co. Goldsbrough, Mort o 1 8 and Co. National Mortgage 2 Trustees’ Executors 2 6 (Dunedin) 4 Wright, Stephenson 0 0 *1 1 (pref.) MEAT COMPANIES N.Z. Refrigerating (ZU/ - paid; (10/- paid) 0 8 4 — Southland Frozen 1 9 9 Meat South Otago FreezR 11 0 ing Co. SHIPPING Huddart-Parker (pref.) . 1 8 0 Union Steam Ship Co. (pref.) 1 6 0 1 7 0 WOOLLEN MILLS Bruce 0 5 0 — MISCELLANEOUS Broken Hill Pty. 2 17 9 2 19 0 British Tobacco • 2 7 9 (Aust) G. J. Coles 4 D.I.C. (ord.) 0 D.I.C. (pref.) 1 Dominion Fertilizer 1 1 14 3 4 0 3 3 0 4 2 0 Dominion Rubber 1 6 0 Co. Donaghy’s Rope ana Twine Milbum Lime and — 2 6 0 3 Cement 3 3 9 McKenzies N.Z. Drug 3 7 0 N.Z Guarantee Corporation ■ o N.Z. Paper .Mills .1 4 0 4 0 1 1 0 Wilson (N.Z.) 0 17 0 Cement Woolworths (N.Z.) 1 Woolworths, Ltd. ' MINING Broken Hill South 1 4 6 1 0 5 1 3 Big River Electrolytic Zinc 1 16 0 (ord.) 2 1 0 (pref.). 0 0 94 Gillespies Beach Goldfields Dredging 0 0 2 Mount Lyell Mount Morgans 0 8 1 0 2 0 Nokomai 0 3 6 Okarito Waitahu 0 0 8 0 o 1 0 0 3 Waimumu n 0 1 }Y al P a P a , . tint 1 16 0 JNortn nroKtMi xxiaa Taranaki Oil 0 14 4 SALES REPORTED Commercial Bank 0 16 0 Commercial Bank 0 16 1 AUCKLAND £ s d Bonds. 1946-49, 4 p.c. 102 10 0 Auckland City Council, 1344-67, p.c. 103 10 0 National Bank of New Zealand 2 15 0 Bank of New South Wales 31 10 0 New Zealand Insurance 2 17 3 Auckland Gas 1 0 Northern Steam (paid) 4 Colonial Sugar 47 7 do. 47 5 0 do. 47 2 6 Electrolytic Zinc (pref.) do. 2 2 0 0 2 0 Hill and Plummer 19 0 Moturoa Oil 6 2 do 6 1 do. 6 0 do. 6 1 Taranaki Oil 14 3 do. 14 4 do. (2) 14 0 Wilson’s Cement 16 do. 16 4 Woolworths Properties (rights) 3 8 do. 3 9 do. 3 7 do. 3 8 Mount Morgan 8 4 do. 8 5 do. (2) 8 6 do. (pref.) 13 4 Mount Lyell 1 2 7 WELLINGTON Sales Late Thursday • £ d Dalgety and Co. 7 17 6 Goldsbrough Mort and Co. 1 6 10& Taranaki Oil 14 3 Woolworths (rights) (2) 3 8 Maori Gully 5 Sales Reported Dalgety and Co. 7 17 6 Kauri Timber (2) 1 1 3 Bankers’ and Traders’ Insurance 1 11 1044 New Zealand Breweries 2 1 3 Broken Hill Proprietary 2 17 744 N.Z. Farmers’ Fertilizer 18 6 Moturoa Oil 6 3 Taranaki Oil 14 0 Wilson’s Cement 16 3 Mount Lyell 1 2 4 CHRISTCHURCH £ s d Westport-Stockton Coal 3 5 do. 3 6 New Zealand Breweries 2 1 3 Broken Hill Proprietary (3) 2 17 3 do. 2 16 9 Colonial Sugar 47 0 0

G. J. Coles 4 0 10 Taranaki Oilfields 13 11 do. (2) 13 10 Wilcox Mofflln 5 5 Woolworths Properties (rights) 3 9 do. (2) 3 8 Skippers Ltd. % Broken Hill South 1 4 0 Mount Lyell (cum div.) (2) 1 2 3 do. (2) 1 2 6 Mount Morgan (cum div.) 8 3 j ,' 2 do. 8 4 North Broken Hill (cum. div.) (2) 1 15 3 Sales Reported Taranaki Oilfields 14 0 DUNEDIN £ s d Commercial Bank 15 11 N.Z. Refrigerating (contr.) 8 5 Broken Hill Proprietary 2 17 0 Sales Reported Nokomal Gold 1 8 Commercial Bank 16 0 N.Z. Paper Mills 1 0 6 N.Z. Refrigerating (paid) 18 6 Wilson’s Cement 16 2 Dunedin Breweries (rights) 6 Mount Lyell 1 2 6 Woolworth’s Properties (rights) 3 9 Salo After Call Broken Hill South (2) 1 4 6 Mount Lyell 1 2 6

Commercial Banking Co. of * Sydney20 11 0 National Bank (£5 paid) 6 11 0 Colonial Sugar 47 5 0 Berlei 1 19 9 British Tobacco 2 6 6 Tooth's Brewery 2 13 3 Toohey’s Brewery 1 11 3 Australian Glass 4 13 3 Dunlop Perdriau Rubber 19 7 Anthony Hordern 16 9 General Industries 17 0 Stedman 14 7 J. Feilding 4 4 0 W. Adams 15 3 Wunderlich 19 6 Sargents 1 6 0 W. R. Carpenter 2 2 0 Victoria Nyanza 15 0 United revisions 6 2 Goldsbrough Mort 1 6 9 - Electrolytic Zinc 1 14 3 Mount Morgan 8 6 Mount Lyell 1 2 9 Broken Hill Propty. 2 16 3 Loloma 1 2 1 Taranaki Oil 13 9 MELBOURNE Sales:— £ s d Commercial Bank of Australia 16 0 British Tobacco 2 7 0 G. J. Coles 4 1 9 Drug Houses 1 5 0 Dunlop Perdriau 19 9 Electrolytic Zinc 1 14 6 do. (pref.) 2 0 3 Mount Lyell 1 3 0 Broken Hill Propty. 2 17 0 North Broken Hill 1 16 3 South Broken Hill 12 3 Loloma 1 2 0

June 15 June 16 £ s d £ s d Copper— Standard, spot ' 33 19 4'/a 33 15 7’,4 Forward 34 3 l’,a 34 0 0 Electrolytic 38 10 0 38 5 0 to 39 0 0 39 0 0 Wire bars 39 0 0 39 0 0 Lead— Spot 13 6 10’,a 13 9 4 ’/a Forward 13 6 10’,4 13 10 7’,4 SpelterSpot 12 6 10’4 12 8 l’,4 Forward 12 11 1O’/ S 12 13 l’/ z TinSpot 171 • 7 3 173 17 6 Forward 172 2 0 174 17 6 Silver — Fine, per oz. 18%d 18 13-16d Standard 20%d 20 5-16d

June 9 June 16 Danish 123/New Zealand — Choicest salted 120/Unsalted 122/Australian— Choicest salted 118/Unsalted 122/CHEESE 120/New Zealand — White 68/6 67/Coloured 69/- . 67/6 Australian — White 66/Coloured 67/66/-

the prices ruling last week:— June 16 June 9 £ S d £ S d British— Consols 75 O 0 74 10 0 Funding Loan. 4 - p.c., 1960-90 113 10 0 113 5 0 War Loan, 3ti p c. 102 0 0 101 15 O Con. Loan. Stipe. 102 5 0 102 10 0 Victory Bonds, 4 p.c. 111 10 0 111 10 0 Commonwealth — 5 p.c., 1945-75 105 11 3 105 0 0 4 p.c., 1943-54 101 18 9 101 11 9 3% p.c., 1934-53 98 18 9 98 5 0 Stipe., 1936-47 90 18 9 90 7 6 3 p.c., 1958-60 88 7 6 88 1 3 New South Wales — 4tip-C., 1935-53 96 15 0 96 2 6 Victoria— 3 p.c., 1929-40 93 12 6 93 11 9 4% p.c., 1940-50 102 0 0 101 17 6 5 p.c., 1945-75 105 5 0 104 16 3 Queensland — 3 p.c., 1932-47 95 12 6 95 5 0 5 p.c., 1940-60 103 13 6 103 13 9 South Australia — 5 p.c., 1942-62 105 5 0 104 15 0 3 p.c., 1945-75 75 5 0 75 3 9 Western Australia — 4 p.c., 1942-62 100 <j 9 93 12 0 Tasmania— 3ti p c., 1938-40 100 11 3 100 18 9 4 p.c., 1940-50 ■ 100 10 0 100 7 6 New Zealand— 4ti p.c., 1948-58 100 5 0 99 12 6 3tip.c., 1940 98 13 9 98 6 3 3 p.c., 1945 93 2 6 91 15 0