TRADE AND FINANCE

Evening Post, Volume CXXIII, Issue 125, 28 May 1937, Page 12

TRADE AND FINANCE

PRODUCE 6c MARKET REPORTS FROM DAY TO DAY

AUSTRALIAN SHARES

METALS SHOW WEAKNESS

ANOTHER DROP ; PRICES OF BASE METALS : (By Telegraph—Press Assn.— Copyright.) (Received May 28. 11 a.m. LONDON, May 27. : The official London (middle) quotations, as reported by the Australian : Mines and Metals Association, compare witlr those previously cabled as ; follows:— s May 26. May 27. ' Per ton. Per ton. , £ s. d. £ s. d. Copper— ': Standard, spot 61 11 3 01 2 6 Ditto, forward 59 16 3 58 18 9'■ Electrolytic .. 64 10 0 64 0 0 to 66 10 0 66 0 0 ( Wire bars .... 66 10 0 66 0 0 Lead— ' Spot 24 7 0 23 15 0 j Forward 24 5 0 23 13 9 Spelter— I Spot 252 2 6 249 17 6 } Forward .... 23 12 6 23 2 6 TinSpot 252 2 6 249,17 6 , Forward .... 250 17 6 248 17 6 Silver — Standard, per oz 21Jd 20 5-16 d 1 Fine .'.......... 21Id 21 15-16 d , PRICE AND RETURN , — 1 Latest sales reported ana made on ■ the Stock Exchanges of the Dominion, with the highest prices and the approximate yields per cent, per annum : to investors (all subject to appropriate ; taxes and exchanges where operative), based on the last year's distributions, and considering redemption and , brokerage in the case of redeemable securities where dated were as fol- " lows:— 1 Highest Yield. price. p.c, p.a, . £ g. d. £ «• d. ; Wellington. X.Z. Insurance 3 23343, X.Z.. Breweries * 3 4 0 26 4 J. Staples and Co. ... 212 4% 118 2 , Broken Hill Pty. • * 4 3 6 219 10 General Industries ... 1 0 7Vs 7 V 6 Felt..and Textiles .... 115 10 — Henry Jones Co-op. .. 26 0 45 6 Martha Mine 0 17 0 — Mount Lyell ....:... 257 478 Skippers, Ltd 003 — Unofficial— Grey River (3s 9tl pel.) 0 4 6 - Auckland. Govt. Bonds. 4 p.c, 15/4/40-49 a. 103 10 0 317 5 Comni. Bank of Anst. (pref.) a.v. 9 8 G 4 410 Bank of N.Z '.... 2 4 9 4 9 4 Renown Collieries .. 011 0 711 6 Dominion Breweries .. 2 4 3 218 7 J. Staples and Co. ... ■ 211 0 118 7 Consolidated Brick ... 083 41611 Dunlop-Perdriau 1 1 0 4.15 2 Mort's Dock -:.'. 0 12 0 . :.4 14 1 Peters Ice 1 , !) ,0 ' 4 2 9 Taranaki Oil 0 4 5 — , Skippers.-!'. 0 0 3 —.' Waihi Investment .. 012 S 13 8 Mount Lyell ........ 2 510 i.7 3 Mount Morgan o*l3 10 ■•.— -. Unofficial— , . . : Woblwo'rtbs, Ltd., rights '.. 415 0 ■ — Christchiirch. Inscr. Stock, 4 p.c, 15/2/43-46 a. 103 12 . 6 317 6 Govt. Bonds, 4 p.c., : ' 15/2/52-55 a. 104 17 0 316-■ 5 :Chch. .Drain.,. 4% p.c, 30/6/38-51 '.■':.... a. 103 0' 0 — Comm. Bank of Aust/ .', ; i-i ..-. •-',- . (pref.) ......'...d.u; ,:y;.9 0 4 4.:,f N.Z. Refrig. (10s pd.). 0 810 C 4' 6 Nth. Canty. Freezing .. IIS % 412 0. N.Z. Breweries * 3 6; 0 ; 255 J. Staples and Co '212. 0" I\lß 1 Tooth, and Co. • 2 ].5 7 3 11 11 Anthony Hordern .... 019 0 2.21 Australian Glass ....* 413 15 3 4 2 British Tobacco 2 9 6 2 10 6 Broken Hill l'ty. ' , (cont.) 3 14 U — Dunlop-Perdriau .... 11l 414 10 Electro. Zinc (ord.) .. 210 0 310 9 Electro. Zinc' (.pref.) .. 217 5 3.9 7 G. J. Coles 070 26 8 General Industries ... 1 0 G 712 5 Mort's Dock 0 12 fi 4 16 7 N.Z. Drug 314 0 465 Shillings, Ltd. 0 19 3 — Taranaki Oil :.. 0 4 8 — Broken Hill South ..* 230 (i — Mount. Lyell 25 0 47 4 Maori Gully 0 0 5% - Jvemona * 0 1 7 — Mount Morgan • 0 13 . r> — Rawanp Tin 0 11 S — UnofficialGrey River (35.9 d pd.) 0 4 fi — Woolworths, Ltd 7 3.3 114 10 Duncdin. N.Z. Breweries * 3 4 0 2 6 4 Mosgiel "Woollen ..... 10 2 0 319 2 Broken Hill Pty.' (cont.) 3 14 7 — Broken Hill South ..* 210 0 — Gillespie's Beach 0 15 — Mount Lyell 2 59 47 4 Sandhills 20 1 -r *—Cum div. a.—Market price includes accrued interest but not brokerage. d.—Pref. re both dividend and capital, v.—lv Australian currency. LATEST DREDGING RETURNS. (By Telegraph—Press Association.) GREYMOUTH, May 27. The Mossy Creek dredge return is 20oz 18dwt for 132 hours and 7960 yards. The Worksop return is 18oz for 9000 yards and 130 hours. MOUNT LYELL SHARES. (By Telegraph—Prtss Assn.—Copyright.) (Received May 28, 11 a.m.) LONDON, May 28. Sales.—Mount Lyell, 35s 6d. ' DIVIDENDS DUE. Bank of New South Wales—lnterim quarterly, 6s per anare (Aust. currency) May 28 Westport Coal—interim half-yearly, (id per share May 28 Dnlted Pictures—quarterly, 6d per sharoi « May SI Peters (N.Z.) 'Iee —10 per cent May SI National Timber—final, 2V2 per cent. May 31 farmers' Trailing Co.; Auckland—final & and B pief., at 5 3-5 per cent, per annum, and C pref., at 5 per cent, per annum May 31 uenr.v Jones co-op.—lnterim Od per share June 1 Imperial Chemical Industry—ord. Bnal 5V6-per cent Jun« I Addison's Flat—lo per cent Juna 1 Swan Brewery, Peun —Dd per snara old 5s shares and bonus of 8d per share :..;... June 2 Broken Hill Pty.—lnterim, half-yearly, Is 3d per share and 10d per short on eontrlb. (Aust. currency) ... funs t Walhl Grand'Junction—4d,per share sterling (free of Income tai) .. Juns I Oamaru Woollen Mills—lnterim. 2Yi per cent June I 1. R. McKenzle's Department Stores, Ltd.—l 7% per tent, per annum June 8 Trustees, Executors—final, i per cent. June 8 Dominion Fertiliser, 6 p.c. per annum June 9 Bulolo Gold—equivalent In Australian currency of 1 dollar 50 cents Canadian Juno 10 Placer Development—equivalent In Australian currency of 60 cents Canadian June 10 Ban): of New Zealand—final, ordinary ,' shires. Is luoi U Gordon and Gotch —half-yearly pref. . at 8 per cent, and ord. at 12 per cent, per annum June 15 N.Z. Breweries —final, Vk per cent., malchiK 8% per cent, for the year Juno 16 Broken Hill South—ls 3d per share June 18 Mount Lyell—lnterim, Is Cd per share Juno 21 Australian Glass—half-yearly 4% )ier cent." pref., 4 per cent., plus 5 i>cr cent, ord Juna 2» n'Mson's Cement—final, nd per share June 23 North Broken Hill—quarterly, No. 10G or Is Bd per Ehnre Juno 25 Morris fledstrom—final V.i per cent., makinc S*i ocr cent, nor annum June SO National Mortcase and Agency—interim, at 5 pet cent, per annum... . July 1

(By Telegraph—Press Assn.—Cop.vnclit.) SYDNEY, May 27. The Sydney Stock Exchange is fairly active with some irregularity in the prices of investment shares. The ctis- | turbed condition of the London mar- • '■■kef is* reflected in the. weaker ten- i dency for metal shares.' ■ j • Sales.—Bank of New South. Wales, *£37 ss; Bank of New Zealand, 44s 6d: Colonial Sugar, £47 12s 6d; Asspciate'd Newspapers, 225. 7*d; Burns, Philp,.7ls id; Australian Gas. A; £7 7s; British ( •Tobacco. 50s 9d; G. J. Coles. £5 9s, •Dunlop-Predriau, New Zealand delivery, 21s 6d: Goldsbrough Mort. 38s 9d: Winchcombe Carson, 37 9d;.Fan-i mead Sugar, 38s; Horderns, 19s 6d; Amalgamated Wireless, contributing, 48s; Gordon and Gotch, 535; Waldas Shoes 20s J ;6d; Woolworths, buyer at £7 2s 6d, seller at £7 3s, sales at £7 2s 6d; Woolworths. rights, seller at 85s; Wool- , worths (N.Z.). buyer at £7 19s seller at £8 0s 6d. sale at £8; Selfndges. buyer at 30s. seller at 335. J Mount Morgan, 13s sd; Mount Lyell, . 465; Rawang, 11s 8d; Taranaki Oil. 4s MELBOURNE, May 27. < Bonds continue firm on the Stock Exchange with other sections quiet but Bank, £5 paid, £7 , 9s- Howard Smith, 225; Carlton Brewer;63s6d; y G. J. Coles, £5 8s 6d; Drug Houses. 265; Australian Glass, 92s 9d. ' Dunlop-Perdriau, 21s 9d. pref. 36s 4.Jd; Yarra Falls, rights. 935; Waldas Shoes, | 2°Mount Morgan, 13s 6d; Mount. Lyell, ' 45s 9d; Broken Hill Proprietary, 82s; Broken Hill South. 50s 3d; Emperor, 16s lOd; Sulphide Corporation. 15s; , Electrolytic Zinc. 57s 6d, pref. 58s 3d. j DOLLAR AND STERLING j (Received May 28, 10 a.m.) LONDON, May 27. Sterling exchange, London on New , York, 4.94 3-16 dollars to £1. ; Dollars. May 26 4.943-16 j May 15 ioll^iß ■ May 14 H.^'r : May 13 f'S! 5"16 i May 11 4-94 ! Ma£ 8. 10 493 5-« May 3 4.935-8 < B.T-V 1 4.94 April land 2 4.89 5-16 March 1 1m7 3 8 February 1 ' tan™ , January 4 *M™ < PRICE OF GOLD ] J (By Telegraph—Press Assn.—Copyright.) J (Received May 28, 10 a.m.) ] LONDON, May 27. 1 The price of fine gold per ounce, j 140s 7d. ■ ,' - ■ , . ; ■•■■";:''- ' ■■ . s. a. ; May 26 :, ■■ ■ 140 7 - i May 25 ...-. ••■•■/ J4O 5J - May 21, 22,24 ......... 140 6^. May 18, 19,20 140 -5J ' May 1 ..■ ••••• }f» \ April 30 140 3 April 1 142 1 March 1 , '42 ,U j February! 142 oj January 4 ;■..■;. 141 ■ 8 ( December 1 ••••" ' H . ■■■ ,■■.;.■ • \ BANK OF ENGLAND RETURN. ( (By Telep-aph—Pres? Assn.—Copyright.),: ; (Received May 28, 11 a.m.) : LONDON, May 27. - The weekly. Bank of England return •', is as follows:— .. ■ Issue Department:— £ . Notes" in circulation ... 475,200.000Notes in banking dept. . 46,000,000 i Other Govt. securities . 183,700,000 Other'securities 5,JUU,uuu J Silver coin • — J Banking Department— ( Rest ... ... 3,200,000 ( Public' deposits 24,900,000 ] Bankers' deposits 9 A™ 1 Other accounts 22'iSS'S28 f Government securities . 99,500,000. - Discounts and advances . 4,900,000 j Other securities : 20,200,000 , ] Notes and coin ....... 46.900,000 5 Ratio of reserve to Ha- „/,■ ■• J bilities 30.51 p.c, i ffhe Bank ol England discount- rate ] remains unchanged at 2 per cent '■ ■ I BRITISH WAR LOAN. (British Offlcl.il Wireless.) ; RUGBY, May 26. : The 3i per cent. British War Loan 1 is quoted at £102. ] ( PRICE OF SILVER. ; (British Official Wireless.) • RUGBY, May 26. Price 6t> Silver.—Spot, 20Jd per oz; t forward, 20 5-16 d. v THE FRENCH FRANC. (By Telegraph—Press Assn.—Copyright.) (Received May 28, 10 a.m.) LONDON, May 27. Sterling exchange on Paris, 110 19-32 francs to £1. The rate on May 26 was lio 9-16 d JAVA EXCHANGE. r(By Telegraph—Press Assn.—Copyright.) (Received May 28, 10 a.m.) BATAVIA, May 27. Sterling exchange, 8.96} guilders to I*l. The rate on May 26 was the same. POLISH EXCHANGE <(By Teleßraph—l'rcss Assn.—Copyright.) (Received May 28, 10 a.m.) WARSAW, May 27. Sterling exchange, 26.06 zlotys to t£l. LONDON MONEY MARKET. I (By Telegraph--Press Assn.—Copyright.) >' LONDON, May 26. Discount arid ■ short-loan interest rrates are unchanged as follows:—Day-'to-day loans, 4 per cent.; fine trade 'bills, three months, 2 to 1\ per. cent.; bank bills,.three months, 9-16 per cent.; Treasury bills, six months, 5-8 per cent.; Treasury bills, three months, i to 9-16 per cent. NEW YORK, May 26. Call money is unchanged and is Quoted at 1 per cent. PRICES OF EGGS. Eggs were quoted on the Wellington wholesale market today at Is lOd a -dozen for B grade, 2s 6d for first grade, and 2s 9d for specials, which is ' Id a dozen cheaper for the B and first 'grades. STOCKS AND SHARES. ULTAN h\ McCABE, Alember of Wellington Stock Exchange, Stock and ' Sharebroker, Bank of Australasia Chauitberg, 101 Customhouse Quay, Wellinftou. : Tel. 43-220. Telegrams: ULTMA. Wetn. SVbT., 50 MeKcnzie Shares. AVhat IX offers? Heply "Shares," Box 1474, jjJßygi, Post., .!,,.,-.