STOCKS AND SHARES

Timaru Herald, Volume CXLV, Issue 21156, 1 October 1938, Page 19

STOCKS AND SHARES

NEW ZEALAND STOCK EXCHANGES YESTERDAY’S QUOTATIONS

SALES OF WOOL MODERATE SELECTION IN LONDON United Press Association—By klectrlc Telegraph—Copyright LONDON, September 29. At the wool sales, 8994 bales were offered, including 5004 New Zealand, and 6462 bales were sold. There was a moderate selection, with a good Home demand for the large supply of New Zealand crossbreds. Otherwise the demand was quiet, and withdrawals were frequent. New Zealand: greasy halfbred "Macdonald Downs,” top 12id, average 103 d; sllpe, crossbred lambs, "Awarua,” 13d.

ELECTROLYTIC ZINC COMPANY

A reduction of £77,090 in the earnings of the Electrolytic Zinc Company of Australasia, Ltd., is shown in the preliminary statement for the year ended June 30. Net profit amounted to £459,529 against the record figure of £536,614 in the previous year. With the exception of 1937 the profit is the highest recorded in the last 12 years. The profit was struck after providing £145,000 for amortisation and depreciation. A final dividend of 9 per cent, was paid on both ordinary and preference shares on September 16. :e distribution of 15 per cent, for the year is unchanged although a bonus of 2J per cent, was paid in 1937. The year’s dividends absorbed £390,000.

AUSTRALIAN STOCK EXCHANGES United Press Association—By Electric Telegraph—Copyright (Received September 30, 10.30 p.m.) SYDNEY, September 30. News of the peace agreement in Europe further stimulated the rising trend of the share market to-day. A complete recovery in stocks was generally recorded, indeed the activity and buoyancy was most pronounced, combined with a very heavy turnover

RISE IN PRICES STOCK EXCHANGE MOVEMENTS United Press Association—By Electric Teleeranh -Copyright LONDON, September 29. Tire rise in prices on the London Stock Exchange is disproportionate to the amount of business. It is still difficult to obtain reliable quotations; even giltedged are wide. Sterling is also stronger. Dollars, at one time offered from all sides, were absorbed by the exchange fund. An interesting feature of the bank return is a rise of over £21,000,000 in the note circulation, reflecting partly minor hoarding, but chiefly the preparations of the banks themselves are making to meet emergencies. SHARE QUOTATIONS. United Press Association—By Electric Telegraph —Copyright LONDON, September 29. Share Quotations Clutha River, buyers 1/-, sellers 2/-; Molyneaux River, buyers 6d, sellers 9d. PRICE OF SILVER United Press Association—By Electric Telegraph—Copyright LONDON, September 29. Silver Quotations—Spot, 19 5-16 d per ounce; forward, 20 13-16 d per ounce. HOME ADVICES. United Press Association—By Electric Telegraph—Copyright LONDON, September 29. Flour is firm; Australian ex-store, 25/-. Butter Market Butter is unchanged. ENGLISH QUOTATIONS United Press Association —By Electric Telegraph—Copyright LONDON, September 2”. Wheat cargoes are steadier. Parcels are quiet. Futures—London: October, 24/2, November, 23/8. Liverpool: October 5/45, December 5/01, March 4/10i. Spot trade is at a standstill. Australian is not quoted. BRADFORD TOPS. United Press Association—By Electric Telegraph—Copyright LONDON, September 29. Bradford sentiment is more optimistic, but export business is small and quiet. Quotations—Merinos: 70’s 281 d, 64’s 27d, 60's 26d. Crossbreds: 58's 23d, 56’s 21d, 50’s 17Jd, 46’s 161 (nominal), 44's 161 d (nominal).

CHRISTCHURCH Morning Call Sales on 'Change— £ s. d. 50 Bank of New Zealand.. 2 2 0 600 New Zealand Breweries (4) 2 0 0 200 Hume Pipe (Aust.) (2) 0 19 6 100 Broken Hill South .... 1 9 3 50 Mount Lyell 1 7 0 100 North Broken Hill (ex div.) 2 4 c Sales Reported— 25 Bank of Aust, (late sale yesterday) (c.d.).. 10 3 0 100 G. J. Coles (late sale yesterday) 3 15 0 200 Hume Pipe Aust, (late sale yesterday 0 18 6 Afternoon Call Sales on ’Change— £ s. d. 100 Bank of New Zealand 2 2 6 150 New Zealand Breweries (2) 2 0 6 350 Broken Hill Propty. (4) 2 15 6 200 Dunlop Rubber (ex div) (2) 0 19 11 200 Electro. Zinc (ord.) .. 2 0 0 2 0 2 50 G. J. Coles 3 17 0 100 Woolworths (S.A.) .... 0 15 0 150 Broken Hill South 1 9 7 1 9 6 Sales Reported— 300 Broken Hill Propty. .. 2 15 6 2 16 0 2 16 6 300 Electro. Zinc (ord.) (2) 2 0 0 2 19 9 200 Taranaki Oilfields .... 0 11 10 0 12 4 200 North Broken Hill (ex div|) 2 4 5 2 5 0 AUCKLAND Sales on 'Change— £ s. d. Bonds 15/6/52-55 4 per cent. 100 7 6 Stock 15/7/39-41 3 per cent. 96 10 0 Do. 155/2/43-46 4 per cent. 100 0 0 Do. 15/6 52-55 4 per cent. 99 17 6 Do. 155/3/39-43 3* per cent. 98 5 0 Bank of New Zealand .. .. 2 2 0 2 2 3 N.Z. Insurance (3) 2 14 0 South British 2 5 0 Dominion Invest. Banking 0 17 6 N.Z. Guaran. Corpn 0 4 2 Devenport Ferry 1 0 3 Dominion Breweries .. .. 1 10 0 N.Z. Breweries 2 0 0 Australian Glass 4 8 9 Broken Hill Propty 2 16 6 2 15 3 Ditto (con.) 1 17 6 Colonial Sugar 45 0 0 Electro Zinc 2 1 0 Do. (pref.) <■> 5 6 2 6 0 Farmers’ Trading 0 19 5 G. J. Coles 3 15 6 Imperial Chemicals (pf,) .. 1 1 9 Mort’s Dock (2) 0 12 0 Taranaki Oil 0 12 2 0 12 4 Wairakei .. 0 6 0 Wilson’s Cement 0 16 6 Woolworths (N.Z.) 0 18 0 Woolworths (Syd.) 1 0 6 1 0 7 Martha 0 10 9 Waihi Investments 0 7 10 Waihi Junction .. 0 2 10 Mount Morgan 0 10 9 Broken Hill South 1 9 6 Overseas List— Woolworths Holdings (S.A.) I )15 0 WELLINGTON Sales on ’Change— £ s. d. Stock 3/1939/43 34 per cent. 98 5 0 98 2 6 Stock 1953/57 34 per cent. (3) 93 0 0 G. J. Coles .. 3 15 0 3 16 0 Wairakei Ltd 0 6 0 Nokomai 0 1 4 Bank of New Zealand .. .. 2 2 N.Z. Breweries 2 0 0 British Tobacco (5) 2 7 4 Broken Hill Propty. (4) 2 15 3 Colonial Sugar 44 12 6 Taranaki Oil 0 12 4 0 12 6 Woolworths (Syd.) 1 1 0 Woolworths (N.Z.) 0 18 9 DUNEDIN Sales on ’Change— £ S. d. Big River Gold (2) 0 1 0 Sales Reported— Auckland City debs 41 per cent. 1944-52 100 10 0 32s per cent. Stock 1938-52 100 0 0 Nokomai Gold .. .... .. 0 1 6 Commercial Bank . »> .. .. o 15 9 0 15 10 Electro Zinc (ord.) 2 0 3 Bank of New Zealand .. .. 2 2 6 Wool worths (Syd.) 1 0 9 G. J. Coles 3 16 0 3 16 1 Broken Hill South 1 9 9 North Broken Hill 2 4 6

Sales.— Bank of N.S.W £ s. d. 30 17 6 Comm. Bank of Syd 19 13 0 Comm, of Aust 0 16 0 New Zealand 2 1 11 Howard Smith (N.Z. dely.) 0 18 3 Colonial Sugar 46 15 0 Burns Philp 2 10 6 Huddart Parker 2 6 0 British Tobacco 2 7 9 Tsoths 2 13 6 Tooheys 1 10 0 Coles 3 16 0 Aust. Glass 4 11 0 Dunlop Perdriau (ex d.) .. 1 0 0 Farmers 1 9 3 David Jones 1 17 0 Horderns 0 15 6 Kandos 1 4 6 Masonite 0 15 9 Adams 0 14 0 Standard Cement 0 19 6 Wunderlich 0 19 0 Woolworths 1 1 0 Newbold Brick 1 10 0 McGrath 1 18 3 Mauri Bros 3 0 0 Mark Fov 0 18 4 Victoria Nyanza 0 14 0 United Provisions 0 7 6 Goldsbrough 1 7 6 Wilcox Mofflin 0 6 0 Henry Jones 2 8 6 Sargents 1 6 0 Morgan 0 10 11 Mt. Lyell 1 7 3 Broken Hill Pty 2 15 3 Norths 2 5 0 Larut 0 11 6 Loloma 1 3 1 Oil Search n r 9 Melbourne Exchange The market was much improved as a result of the reassuring overseas developments. Sales— £ s. d. Commercial of Aust 0 15 10 National £5 paid) 6 9 0 Aust. Paper Mfrs, (pf.) .. 1 4 , 6 Howard Smith 0 18 0 British Tobacco 2 7 3 Carlton Brewery 3 2 0 Coles 3 17 6 Aust. Iron Steel (pf.) .. .. 1 6 0 Australian Glass 4 11 6 Dunlop Perdriau 1 0 11 Melbourne Invest. Trust .. 0 10 6 Herald and Tinies 2 18 6 Imperial Chemicals (pf.) .. 1 1 6 Electro Zinc .. .. 2 1 6 (pref.) 2 5 4 Mt. Morgan 0 10 10 Mt. Lyell 1 7 4 Broken Hill Pty. .. 2 17 0 Norths 2 4 0 South 1 9 10 Emperor 0 12 4 Loloma 1 3 4