Finance and Commerce

Timaru Herald, Volume CXLIII, Issue 20669, 6 March 1937, Page 6

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY’S quotations Special to "The Timaru tieraid.” CHRISTCHURCH, March 5. The following quotations were ruling when the Stock Exchange closed for th: day:—

Unlisted All transactions in stocks quoted In this section are subject to a different rate of brokerage' from Listed Stocks and are not quoted on the Official List:—

AUSTRALIAN STOCK EXCHANGES United Press Association—By Electric Telegraph—Copyright (Received March 5, 8.55, p.m.) SYDNEY, March 5. A healthy tone characterised business on the Stock Exchange to-day. Front line industrials made headway, while Carriers and other shares dependent on metals showed gains. Morning Sales • £ S. d.

PROFITS OF METAL COMPANIES North Broken Hill's quarterly dividend of 1/6 on its 5/- shares, equal to 120 per cent, is a good indication of the profits which base metal companies are making at the present time. This dividend is the highest ever paid by the company and compares with 77) per cent paid in 1935-36. In that year lead averaged £l6/4/6 and latest cables quote £32/8/9. Last financial year production was 61,350 tons. Spelter, of Which North Broken Hill mined 47.800 tons is £3l/1/3 per ton to-day and averaged £l5/4/- last year. North Brbken Hill’s profits last year were £636,940. They must be more than double that figure this year if the present price of lead and spelter are maintained. While the demand corresponds as closely to the supply as it is Just now no persistent downward movement seems possible. TOOIIEt’S, LTD. The directors of Tooheys Ltd., have decided to issue 250,000 shares of 16/each at a premium of 8/- per share. The new shares will be offered to shareholders oh the register in the proportidrt of one to six held on March 31. Simultaneously the directors announce payment of an interim dividend at the rate Of 9 per cent per annum for the half-year ending January 31, compared with 8 per cent for the last financial year. Authorised capital js £2,000,000 and paid up capital is £1,200,000 in 1,500,666 shares. 0116/- each.

Buyers. £ s. d. Sellers. £ s. d. N.Z. Govt. Debs.31 per cent. laser.. 15/3/39-43 . . . — 102 12 6 32 p.c. Inscr., 1941 101 0 0 — 4 p.c. Inscr., 194346 — 102 10 0 4 p.c. Inscr., 194649 102 12 6 — 4 p.c. Inscr., 195255 —— 103 0 0 4 p.c. Bonds, 1946 — 102 0 0 4 p.c. Bonds, 1949 102 15 0 103 0 0 5 p.b. Rural Bonds, 15/9/47 .... 102 5 0 — Other Debs.— Blerihfeim Boro. 41 p.c.. 1/3/43 . . . — 103 15 0 Blenheim Boro., 41 p.c., 1/3/59 . . . — 103 15 0 Ch’Ch. Trams, 41 p.c., 1/8/57 . . . — 105 10 0 N.Z. Refrigerating, 41 p.c., 1940-45 . 101 10 (1 102 10 0 Banks— Corrim. of Aust. 0 19 3 0 19 4 (pref.) . . . . 9 3 9 9 5 6 E., S. and A. . . . 6 8 0 6 9 0 National of A'asia. tlS paid) . . . 7 16 n — National of N.Z. . 3 1 9 3 2 0 New South Wales 36 7 6 — New Zealand . . . 2 2 2 2 2 3 Urilbh 11 0 0 11 2 6 Insurance — Merc, Mutual . . . — 1 14 0 National — 0 18 0 New Zealand . . . 3 1 0 3 2 6 South British . . . — 4 17 6 Loan <fc Agency— Dalgety and Co. . 9 15 0 10 10 0 National Mortgage ■■A" —— 3 0 0 “B” 1 10 0 — Goldsbrough Mort. 1 17 9 1 17 11 N.Z. Guarantee CorpbratiOn . . 0 5 5 — N.Z. Loan & Merc. (ord.) . ... . 44 0 0 46 10 0 United Building (cum div.) . . . 1 0 0 — Wright Stephensen (pref.) ..... — 0 19 9 Permanent Irivest. 9 0 0 — Shippirig— Huddart Parker (c. div.) 1 17 0 1 19 6 P. & O. Deferred Stock 2 0 0 2 3 0 Frozen Meat— Canterbury (pf.) . 6 3 6 — Gear 0 16 10 0 17 1 N.Z. Refrigerating (£1 paid) . . . 0 18 9 0 19 0 N.Z. Refrigerating (10/- paid) . . 0 8 7 0 8 9 North Canterbury Freezing .... —— 1 16 0 Waitaki 4 10 4 6 0 Woollens— Kalapoi (17/- pd.) 0 14 1 0 14 4 Kair.poi (7/ - paid) 0 5 5 0 5 9 Kaiapol (pref.) . . — 0 17 6 Oamaru — 0 19 9 Coal— Westport —- 1 3 9 Stoektbn ..... 0 2 0 0 2 3 (pref.) 0 3 9 0 4 0 Gas— Auckland —. 1 3 0 Christchurch . . . — 1 8 6 Breweries— Dominion 1 19 0 2 3 3 Dunedin — 1 9 0 New Zealand . . . 2 19 10 3 0 0 Swan 7 15 0 8 15 0 Tooheys (c.d. and new issue) . . . —— 1 17 3 Tooths 2 16 0 2 17 0 White Star (in . liqdn., ex distr.) —. 0 5 9 Wards (in liqdn.) 0 0 10 0 12 Misce'laneo *s— Ainalg. Wireless . 2 17 0 — (eolith;) .... 2 3 6 — Anthony Hordern 1 0 11 1 1 0 Atist. Glass .... 4 12 3 4 12 8 Beath anti Co. . . —- 1 3 0 (1/- paid) . . . — 0 3 0 Aust. Iron & Steel (pref.) 1 7 11 1 8 1 British Tobacco (c. div.) 2 13 5 2 13 8 Broken Hill Pty. . 4 9 0 4 9 2 (contr.) .... 4 .2 0 4 3 0 Biirns, Philp . . . 3 19 0 4 1 0 Colonial Sugar . . 42 15 0 43 0 0 Coris. Brick, .... — 0 10 6 Dominion Builders 0 3 11 0 4 9 Dbm. Fertiliser . . 14 3 Dunlbp Rubber (c. div.) 1 0 4 1 0 5 Electrolytic Z t h c (ord., c. div.) . 3 3 3 3 3 5 Electrolytic Zinc (pref., c. div.) . 3 4 0 3 4 2 Gen. Industries . . 1 1 7 1 1 10 G. J. Coles .... 5 9 3 5 9 6 H. Smith (c.d.) . . 1 3 10 1 4 2 Hume Ripe (Aust.) Kaur! Timber . . Mliburn tiihb (b. 1 1 0 i 3 b 1 1 2 1 3 7 div;) ..... 2 2 1 Morris Hedstrom . 1 9 9 1 10 3 Mort's Dock . . . 0 14 0 0 15 0 National Electric . 0 12 0 — Permewan Wright 1 8 0 — N.Z. Drug Co. . . 3 15 0 3 18 6 N.Z.F. Co-op.— (£2/10/- paid) . — 1 0 0 (10/r paid) . . — 0 0 8 (“A” pref.) . . 2 2 0 — <“B” pref J . . 2 1 6 2 3 0 (41 p.c. stock, 1940) 93 0 0 93 10 0 <41 p.c. stock, 1945) 43 0 0 (41 p.c. Stbck, 1939) 93 0 0 __ N.Z. Newspapers — 2 0 6 Procera Bread . . 1 3 6 1 8 0 Quill Morris (1936) — 0 19 0 T. J. Richards . . 2 6 6 2 9 0 Taranaki Oilfields 0 4 0 0 4 6 Wilcox Mofflin 0 12 5 0 12 8 Woolworths (N.Z., ord.) 7 5 0 Woolworths (Sydney, 2nd pref.) . 1 8 0 — Woolworths (Vic., pref.) — 18 0 Waldas Shoes . . . —A. 19 6 W. R. Carpenter . 2 3 0 2 5 9 Mining— Alexander .... 0 17 0 (15/- paid) . . —r 0 J5 0 Argo 0 1 1( 0 1 111 Gillespie’s Beach . 0 15 0 1 6 Golden Sands . . . 0 2 21 0 3 21 King Solomon . . 0 0 3 0 0 71 Maori Gully . . . 0 0 5 0 0 6 Rig River ..... 0 2 0 0 2 4 Mossy Creek . . . 0 0 6 0 1 0 Nembha 0 1 7 0 1 81 Okarlto 0 3 5 0 3 9 Skippers 0 0 2! 0 0 31 Waihl Invest. . . . 0 14 6 0 15 6 Worksop Extended 0 1 75 0 1 81

Australian Mining— Broken Hill South (cum div.) . . . 2 15 9 2 16 6 Mount Lyell . . . 2 13 6 2 13 7 Mount Morgan . . 0 18 6 0 18 8 Rawang Tin . . . 0 13 2 0 13 4 Sulphide Corpn. . 0 14 6 0 16 6

Buyers. £ s. d. Sellers. £ s. d Assoc’td. Motorists Petrol (pref.) . 1 10 0 — Alloy Steel (Aust.) (new) 1 0 6 1 1 0 Ch-Ch Press . . . 8 2 6 Arahura (10/- pel.) 0 13 0 — General Tobacco . — 0 14 0 Kanierl Gold . . . 0 15 0 0 16 9 New River .... 0 0 6* 0 0 8 N.Z. Mining Invest — 0 0 5* N.Z. Perp. Forests — 2 13 3 (4/- paid) . . . — 0 18 0 Provident Life . . 1 2 6 E. Reece, Ltd. (pf.) 0 2 1 — Selfridge’s (A’asla) (old) — 2 0 0 (new) — 1 19 0 . . (N.Z. 4/- paid) 0 3 6 — . Westland Breweries (£1 paid) . *. . 1 11 0 1 17 6 (10/- paid) . . 0 16 1 — White’s Electric . 0 0 6} 0 0 8 Woolworths (Sydney, ord.) . . . 7 15 6 8 2 0 Woolworths (West Australia) . . . 7 0 0 7 10 0 Grey River (2/6 pd) 0 4 5 0 4 6

Commonwealth Bonds— 4 p.c., 1957 100 12 6 Comm. Bank of Sydney .. 22 18 0 Tooths 2 16 9 Associated News 1 3 101 (pref.) 1 3 3 British Tobacco 2 13 9 Broken Hill Prcpty 4 9 9 (new) 4 3 9 Colonial Sugar 43 5 0 Dunlop Perdriau 1 0 9 Electrolytic Zinc 3 3 9 Coles 5 3 0 Goldsbrough Mort 1 18 6 James Stedman 0 17 9 Lustre 1 1 41 Mark Foy 1 9 0 Afternoon Sales Bank of New South Wales 37 15 0 Comm. Bank of Sydney .. 22 17 0 Associated News 1 3 101 (pref.) 1 3 4* Automatic Totes 0 19 9 Howard Smith 1 4 41 Tooths 2 16 6 Tooheys 1 17 41 Carlton Brewery 3 4 3 Coles ... 5 5 6 Goldsbrough Mort 1 18 6 Electro. Zinc 3 4 6 W. H. Goul 4 7 0 Sargents 1 12 7?j Cash Orders 1 3 Malleys 1 3 0 Hume Pipe 1 1 3 Yarra Falls 2 2 9 Woolworths 8 4 0 (New Zealand) 7 7 0 Selfridges (N.Z.) 0 4 6 Mount Morgan 0 18 9 Mount Lyell 2 13 6 Kuala Kampar 1 3 0 Rawang 0 13 21 Placer Development .. .. 5 0 6 Emperor 0 19 9 Lolblria 1 a 101 Taranaki Oil 0 3 6 Melbourne Exchange Comm. Bank of Aust 0 19 9 E„ S. and A. Bank 6 11 0 National Bank (£5 paid) .. 8 0 0 Carlton Brewery 3 4 0 Coles 5 5 6 Drug Houses 1 9 6 Australian Iron & Steel (pf) 1 8 3 Dunlop Perdriau 1 0 8 Goldsbi-ough MOrt 1 18 71 Electro. Zinc 3 4 0 (pref.) 3 6 0 Mount Morgan 0 18 10 Mount Lyell ,, 2 13 6 Broken Hill Propty 4 10 0 South Broken Hill 2 17 9 North Broken Hill 4 9 0 Zinc Corporation 8 5 0 Sulphide Corpn 0 16 2 Emperor 1 0 0 Loloma 1 5 9 Melbourne Electric .. .. .. 0 17 0 General Motors 1 4 9 Yarra Falls 2 2 6 Tdnkkkh Compound .. .. 1 10 0