THE SHIRE MARKET

Evening Star, Issue 22440, 10 September 1936, Page 7

THE SHIRE MARKET

DUNEDIN STOCK EXCHANGE i FURTHER RISE IN BROKEN HILLS ■ Broken Hill Proprietary shares, which '£ showed considerable appreciation on the local market yesterday, again rose in value this morning, wheil buyers offered 3d more at 775, and sellers required Is 9d more at i 795. The “ rights ” offered to shareholders in connection with the flotation of Weilington Alluvials Ltd. is regarded as the chief factor in the hardening of the market. Banking issues continued in good demand, though buyers’ offers, in most cases, were- still considerably below sellers’ rev quirements. New Zoalands had further business at 39s Jd, a rise of Id on yesterday’s sale price. The market closed with ; quotations unchanged, -Commercials were wanted at 18s 3d, with sellers firm at 18s . Bd, while Unions moved up 6d to buyers - at .£9 9s fid, with sellers 2s 6d away. . Little interest was manifested in meat T preserving shares, and in the loan and i agency section Goldsbrough Morts continued -, to harden, with buyers offering 3d more ■j. without response from sellers. In the miscellaneous group industrial ■hares maintained the strong support of inv vestors. Australian Glass were a shade ! i firmer, and several other issues had unsup- : plied buyers offering slightly improved

prices. 'i The uncertainty concerning the effect of ■i' possible legislation, both in Australia and ! New Zealand, restricting the operations of chain stores, has had the effect of weaken- „ ing the market for all shares in this type of security. Coles were steady at 78s to 795, .which' is considerably below the price f ‘ of a week or two ago, Woolworth’s (Syd- .- ney) were marked.down Is fid to £5 10s fid without attracting a buyer, the ordinary ; issue of Woolworth’s (New Zealand) was for-sale at five guineas without buyers, l- : while Shillings Ltd. ■ were marked down to 14s 9d without finding a buyer. Australian mining shares continued in good demand. Broken Hill Souths buyers’ ' quotations moved up 2s fid at £6, without 1 response, Mount Morgans were fractionally firmer with sales after the call at 13s 2d, while Mount Xyells were firm at 29s fid, with buyers offering 3d less at 28s fid. Amongst local mining issues Okaritos provided the only change, the market firming ' to buyers at 4s, with sellers Is away. SALES REPORTED. Bank of New Zealand, £1 19s 4d (late yesterday). National Electric, 12s lid (late yester- ■ day). SALES, AFTER C^LL. Mount Morgan, 13s 2d (two). ' Quotations as under;—

Buyers. Sellers. £ s. d. £ / S. d. BANKING— Australasia 12 0 New South Wales ... — 32 17 6 New Zealand ... .. 1 19 0 1 19 6 ■ Commercial 0 18 3 0 18 8 National of New, Zealand , ... .“ 3 0 6 3 2 9 National of Aus- . tralasia ... 14 10 0 — Union of Australia Ltd 9 9 6 9 12 0 i: INSURANCE— , ' National - ... ... .. 0 18 0 0 18 5 Standard ...' — 3 2 0 SHIPPING— ■ P.“ and O. Deferred Stock 1 11 0 — U.S.S. Co. (pref.) ... 1 6 0 — MEAT PRESERVING— N.Z. Refrigerating (cont.) “0 9 2 0 •9" S LOAN AND AGENCYDalgety ... ... . — 9 2 6 f Goldsbrough, Mort ... 1 13 3 — Mortgage Corporation 101 0 s Stock ... — 0 *< N.Z. Loan and ' Mercantile (ord.) — 33 0 0 ■ N.Z. Guarantee Corporation - 0 5 7 — ■=*- - Perpetual Trustees ... — 3 4 0 Wright, Stephenson X - (pref.). ... ... ... — U 18 6 COAL— v - Kaitangata ... ... . .. 1 1 0 1 Westport — i 3 3 WOOLLEN COMPANIES— 'Bruce (ord.) 0 14 6 ■ Kaiapoi (ord.) — 0 15 11 i MISCELLANEOUS— V. Associated News . (pref.) ... :i 3 0 — i Australian Glass .. 4 12 0 4 13 3 ■ British Tobacco .. 2 1 6 2 2 0 V Broken Hill Prop. .. 3 17 0 3 19 0 ‘V Broken Hill Prop. . . (cont.) ...• 2 17 0 2 18 0 • Brown, Ewing (ord.) 0 16 9 — Brown, Ewing (pref.] 1 2 3 .* Crystal Ice Co 2 5 0 — ' D.I.C. (pref.) ... ... — 1 4 3 Dunlop Perdriau V -,. Rubber 0 18 0 0 18 5 : G. J. Coles 3 18 0 3-19 0 . Hume Pipe ... — 1 0 0 ' Milbum Lime and ; Cement — 2 4 0 ; National Electric — 0 13 0 ; N.Z. Drug Co 3 15 0 — v iN.Z. Farmers' Fer- . . tiliser ... 1 0 6 1 2 0 in General Industries .. 0 19 3 0 19 10 ■ ’ Mort’s Dock . ... ... — 0 12 0 ; N.Z. Newspapers 1 19 6 2 i 6 ; N.Z. Paper Mills < !* Otago Daily Times’ 1 6 3 — — 2 8 0 Regent Theatre — 1 1 6 ' Woolworth’s (ord.) ... — 5 5 0 BREWERIES— •. ! New Zealand 2 12 3 2 13 0 ■ Staples’ Tooth’s 115 0 — 2 15 9 2 16 9 UNLISTED STOCKSM’Xntosh, Caley, Phoenix ... ... ... — 0 11 0 . Woolworths, Syd- ■; ney (ord.) — 5 10 6 ■ Otago Farmers’ Co-op. — 0 3 6 Quartz Mountain 0 2 6 0 4 6 Shillings Ltd. (15s) ... — 0 14 9 Associated Motorists Petrol 1 4 9 — AUSTRALIAN MINING— . Broken Hill South (£1) 6 0 0 _ Electro. Zinc (pref., v ; £l,-ex) _ ... — 2 3 9 ’ Electro. ‘Zinc (ord., £1, ex) 1 19 6 2 1 0 Mount Lyell (£1) ... 1 8 6 1 9 6 Mount Morgan (2s 6d) 0 13 1 0 13 3 Upper Watut (5s) ... — 0 3 3 GOLD MINING— Big River (la) 0 1 10 0 2 3 Blackwater , (£1) , ... — 1 14 S Central Shotover (Is) — 0 0 5 Clutha River (2s) ... 0 1 9 — Consolidated Goldfields (4s) Gillespie’s (is) — 4i 0 17 0 0 1 0 1 7 Kildare (2s) . — 0 2 ,6 Molyneux River (2s) 0 1 Si — Okarito (5s) 0 4 0 0 5 0 Sandhills (Is) — 0 0 5 Waimumu Sluicing • (Is) ... — 0 0 lOi rWaipapa Beach (Is) — 0 1 0 ...Waitahu , (5s) — 0 2 3 N.Z. GOVERNMENT LOANS— s,,, (Bonds quoted are £100 Bonds.) 3Jr p.c. Stock, Nov., i’v/ 1938-52 ... 103 5 0 — )3i p.c. Stock, March, ■i 1939-43 103 10 0 — 3i n.c. Stock. Sept., r.i, 1939-43 ... 103 10 0 ’3J p.c. Stock, May, 1939-52 ... ... ... 103 S 0 —

34 p.c. Stock, 194143 ... March, 103 7 6 34 p.c. Stock, 194143 ... Sept., 103 7 6 34 p.c. Stock, 1941-52 May, 103 7 6 34 p.c. Stock, 1941-52 ... Nov., 103 7 6 4 p.c. Bonds 1937-40 101 5 0 . 4 p.c. Stock, 193740 101 5 0 ; 4 p.c. Bohds, 1943-46 103 10 0 4 p.c. S.tock, 1943-46 103 10 ,0 .— 4 p.c. Bonds, 1946-49 105 5 0 — 4 p.c. Stock, 1946-49 105 5 0 4 p.c. Bonds, 1952-55 105 5 0 — 4 p.c.' Stock, 1952-55 105 5 0 —