STOCKS AND SHARES

Dominion, Volume 32, Issue 143, 13 March 1939, Page 12

STOCKS AND SHARES

No Improvement In Turnover ' PRICES REMAIN STEADY The volume of business on the New Zealand stock exchanges last week continued at the low level which has been maintained in recent week*?. '1 be Australian exchanges firmed considerably during the week, but the improvement shown there and the more cheering news from London failed to evoke much response in the Dominion markets. With the continuation of the embargo on buying overseas, Australian and other first-class stocky in the Dominion are being firmly held and it is becoming increasingly difficult to meet the demand which exists. In the case of Australian shares, most first-clacks issues are wed above current prices* in Australia for the same issues. New Zealand Government loans continue to sell at a discount, but the market last week showed a slightly firmer trend. WELLINGTON EXCHANGE Saturday’s Quotations The latest buying and selling quotations recorded on • Saturday on the Wellington Stock Exchange were as follows:—' N.Z. GOVT. LOANS.

The White’s Electric dredge returned 270 z. for 124 hours from GOUO yards. The Nemona return totalled -tloz. for 202 hours for 15,400 yards. By Telegraph—Press Association. GREYMOUTH, March 11. The Blackball Creek dredge return was 60oz. for 102 hours. The Argo dredge return was bboz. for 130 hours from 12,500 yards treated. Big River Report Big River Gold Mines. Limited, report for the week ending March 9: —No. 5 levelNorth-stope Stone 6ft. wide, good grade. North stripe, south end: Stone sft. wide. Winze: Sunk 4ft.. total 39ft. The stone appears to have pinches out. Track still in face. No. 0 level: Crosscut advanced to 70ft. Country fairly soft and favourable. Sinking on stone at 250 ft. in: sunk -lit.: stone lit(tin. wide and good grade. Battery: -u tons of stone sent' to battery.

Buyers. £ s. (1. Sellers. £ s. d ♦3i p.c. Inscr. Stock,. '15/11/1941-52 .... 9910 0 — •Ditto. 15/5/1941-52 . 99 10 0 — • 4 p.c. ditto, 15/2/ 1943-4G — 98 12 6 Ditto, ’ 15/5/1949-52 .. . - 99 15 (I Ditto. 15/G/1952-55 .. — 119 10 0 •Tax free to first date, then 4 p.c. uptional maturity three years before final date. BANKS. Comrcl. of Aust., ord. 0 10 3 — National of N.Z 2 5 0 2 6 0 New South Wales .... — 31 0 0 1 19 0 Ditto, D. long term 1 U <> — Union of Aust. ...... S 0 0 8 G 0 FINANCIAL. Equitable Bdg. Co. .. 0 9 10 — Ditto, perp. deb. stk. — 0 19 0 Goldsbrough. Mort .. 1 9 •-> N.Z. Guarantee Corp. — 0 4 3 Wgtn. Trust. Loan .. 4 12 0 — Wright. Stephenson . — 1 0 0 Metropolitan Big., MelKington — cl2 0 0 GAS. 0 14 (1 Wellington, ord — 1 11 0 1 3 G MEAT PRESERVING Gear Meat 0 12 9 N.Z. Refrigerating, £1 — o id 9 Ditto; 10/- paid .. — 0 7 1 TRANSPORT. Tluddart. Parker, ord. c2 14 6 2 15 9 Ditto Pref — Cl 12 6 Union Steam, pref. .. • — 1 5 0 Kelburne Tram., ord. — 1 1 3 0 WOOLLEN. 0 17 G Wellington, pref 5 0 0 0 12 G COAL. Westport — 1 1 0 TIMBER. 1 4 9 Leyland-O’Brien .... 0 15 11 — Rotoiti, pref. — 0 1G G BREWERIES. N.Z. Breweries 1 17 0 1 18 6 Tooth and Co 2 15 9 — MI S CELL ANEO U S. British Tobacco, Aust. c2 10 9 2 11 4 Broken Hill Pty 2 18 9 — Colonial Sugar — 4 ? c 0 Dominion Fertilizer . — 1 ’3 0 1 2 G Dunlop Perdriau .... cl 1 9 Electrolytic Zinc, 8 p.c. part pref c2 11 9 2 13 0 Kelt and Textiles ... cl 12 9 — General Industries .. eO 19 o —— G J Coles 3 19 0 Henry Jones Co-op. . 2 11 0 Howard Smith, ord. . cl 0 6 — Macduffs, ord — 0 2 9 Ditto, pref — 0 8 0 2 1 G 0 5 0 Reid Rubber (N.Z.) .. — 1 5 G Wilsons (N.Z.) Cement — 0 15 9 Woolworths .Ltd., ord. cl 2 11 1 3 0 Woolworths (N.Z.), ord. 0 Id 5 0 1G Berlel (N.Z.) — 3 5 0 R. & E. TIngey, pref. — _ 1 0 G Donaghy’s Rope .... 2 2 10 0 14 0 Dominion Rubber .. — 1 2 0 "Herald” and "W'eekly Times” ......... 3 2 G ■ ", Radio (1936) — 1 0 0 MINING. 0 1 1 0 18 — 0 12 3 Waihl Investments .. — (1 8 3 Mossy Creek — 0 1 - Australian Mining. Broken Hill South ... cl 9 0 1 11 0 1 9 0 Mount Morgan — 0 11 4 c Cum dividend. Unofficial List Buyers. Sellers. £ b. d £ s. d. W. E. Woods Ltd. ... - n 13 0 Sydney Stock Exchange By Telegraph.—Press Assn.—Copyright. SYDNEY, March 11, Sales on the Sydney Stock Eschau •ge today included: — £ s. < 1. Commonwealth Bonds, o’! p.c., 1954 1 48 1 < 6 Commonwealth Bonds, 3 'i-8 p.c., 1954 100 8 9. 2 13 9 Australian Gas A 0 Associated News, pref 1 3 0 Anthony Hordern 0 14 8 2 9 0 Colonial Sugar 40 10 0 Millaquin Sngar ......... 1 -IS 6 Gold Mining Returns