THE SHARE MARKET

Evening Star, Issue 22458, 1 October 1936, Page 9

THE SHARE MARKET

DUNEDIN STOCK EXCHANGE INTEREST IN MOUNT MORGANS As a result of the gold stabilisation scheme and the improvement in the price of gold, investors have been displaying a keener interest in gold-producing concerns. Mount Morgans are receiving particular attention, and a sale to-day at 14s 8d represents a rise of about Is since Tuesday. Yesterday afternoon numerous sales were recorded, and it is reported that most of the buying has been done by New Zealand, though a certain amount has come' from London. Although the directors of Mount Morgan decided recently to withhold the payment of the interim dividend, investors generally realise that with a bigger production in November, as a result of the installation of additional plant, the company should be able to make a dividend distribution in January. Interest in other Australian mining issues was also fully maintained. Electrolytic Zinc preference continued to harden, but the quotations for other issues were practically unchanged. Only slight variations were noticeable in the quotations in other sections of the market. Banking issues continued to experience a dull market, and New Zealands failed to hold the slight recovery made yesterday. Fair support was accorded shares in New Zealand gold-producing concerns, and in the Government Loan section sales were reported in two issues at firm prices.

SALES REPORTED. Mount Morgan, 14s Bd. Four per cent Stock (1946-49), £lO5 10s (late yesterday). Four per cent. Stock (1952-55), £lO5 12s 6d. Quotations as under:—

Buyers. Sellers. £ s. d. £ s. d. BANKING— New Zealand 1 18 3 1 18 10 Commercial 0 18 2 0 18 5 E.S. and A — 6 0 0 National of New Zealand — 3 i 0 Union of Australia Ltd — 9 12 0 INSURANCE— National 0 18 6 0 19 0 Standard 3 2 0 SHIPPING— Howard Smith 0 19 0 P. and 0. Deferred Stock 1 11 6 —- U.S.S. Co. (pref.) ... 1 6 0 MEAT PRESERVING— N.Z. Refrigerating (paid) — 0 19 4 N.Z. Refrigerating 9 9 (emit.) 0 0 0 6 Southland Frozen (paid) 3 12 6 — Southland Frozen (pref.) 3 12 6 — South Otago Freezing . 8 0 0 Waitaki Farmers’ Freezing ... 4 0 0 4 4 0 LOAN AND AGENCYGoldsbrough, Morfe ... 1 13 0 1 14 0 National Mortgage ... ■— 2 11 0 N.Z. Guarantee Corporation 0 5 9 Perpetual Trustees ... •— 3 0 Wright, Stephenson < ord -> o 0 17 0 COAL— Kaitangata 1 1 0 — Westport 1 3 1 WOOLLEN COMPANIES— Bruco (ord.) — 0 14 3 MISCELLANEOUS— Anthony Hordern ... — 0 19 0 Australian Glass —. 4 13 0 Broken Hill Proprietary ... 3 16 0 3 17 0 Broken Hill Proprietary (cont.) ... 2 16 6 2 17 6 Brown, Ewing (ord.) 0 16 9 —* Brown, Ewing (pref.) 1 2 3 — Crystal Ice Co 2 5 6 — D.l.C. (pref.) ... ... 1 3 0 1 4 8 Dominion Fertiliser ... .— X 5 0 Donaghy’s Rope apd Twine 2 11 0 s—■ Dunlop Perdriau Rubber 0 17 0 0 18 0 G. J. Coles (ex rights) — 3 17 0 Hume Pipe — 0 19 0 Milburn Lime and Cement 2 0 0 2 3 0 National Electric ... 0 13 9 — N.Z. Farmers’ Fertiliser 1 2 0 General Industries ... 0 19 9a N.Z. Newspapers N.Z. Paper Mills ... 1 6 6 2 1 0 ‘ Otago Daily Times ’ — 2 7 0 Regent Theatre Wilson’s (N.Z.) — 1 1 6 Cement 1 16 3 Woolworths (ord.) ... — S 4 0 BREWERIES— New Zealand 2 11 6 2 12 6 Tooths 2 16 0 Carlton 3 0 0 — UNLISTED STOCKS— MTntosh, Caley, Phoenix __ 0 12 0 Woolworths (Sydney, ord.) , 5 9 0 Otago Farmers’ Co-op. 0 4 0 Were’s Trust (rights) 0 0 11 0 1 0 Shillings Ltd (17s 6d paid) 0 17 6 0 18 0 IUSTRALIAN MINING Electrolytic Zinc (pref., £1) Electrolytic Zinc 2 5 9 (ord., £1) 2 3 0 2 3 9 Mount Lyell (£1) ... 1 9 6 1 9 11 Mount Morgan (2s 6d) 0 14 5 0 14 11 Upper Watut (5s) ... — 0 3 2 GOLD MINING— Argo Dredging (Is) 0 1 7 0 1 9 Central Shotover (Is) 0 0 5 Clutha River (2s) ... 0 1 9 Gillespie’s (is) 0 1 4 0 1 54 Kildare (2s) 0 2 6 King Solomon (Is) ... 0 0 6 0 1 0 Martha (5s) 0 19 6 — Molyneux River (2s) 0 1 8' Mossy Creek (Is) ... 0 1 3 Nokomai (5s) 0 1 9 0 i n Paddy’s Point (5s) ... 0 3 3 Waihi Investments (5») 0 9 6 Waipapa Beach (la) 0 0 6 0 0 lOi Waitahu (5s) ~ 0 2 3 N.Z. GOVERNMENT LOANS— (Bonds quoted are £100 Jonda.) 3i p.c. Stock, Nov., 1938-52 103 15 0 3J- p.c. Stock, March, 1939-43 101 10 0 _ 3i p.c. Stock, Sept. 1939-43 101 10 0 3j p.c. Stock, May, 1939-52 103 15 0 p.c. Stock, March, 1941-43 101 10 0 — 3i p.c. Stock, Sept., 1941-43 101 10 0 — Stock, Hay, 103 10 0 3J p.c. Stock, Nov., 1941-52 103 10 0 4 p.c. Stock, 1937-40 102 0 0 4 p.c. Bonds, 1943-46 103 15 0 ,— 4 p.c. Stock, 1943-46 103 15 0 4 p.c. Stock, 1946-49 105 0 0 4 p.c. Bonds, 1952-55 105 5 0 — 4 p.c. Stock, 1952-55 105 5 0 105 15 0