THE SHARE MARKET

Evening Star, Issue 22461, 5 October 1936, Page 7

THE SHARE MARKET

DUNEDIN STOGK EXCHANGE INTEREST IN MOUNT MORGANS Investors continued to display keen interest in Mount Morgan shares this morning, when the market recovered some of the ground lost at the end of last week. Sales were made at 14s and 14s Id, the market closing with further buyers at 14s Id and no sellers under 14s 2d. It is reported that there are about 800 New Zealand shareholders in this company which is attracting the present attention as a result of greatly increased returns being expected from the installation of the oxidised ora plant. Government loans maintained strong support at firm rates, but other sections of the market remained in a weakened state with a definite restriction of buying orders. A further sale of National Bank of New Zealands was reported at the low price of £3, and Wilson’s Cements had reported business at 36s 3d, 9d less than required by sellers on Saturday. Martha gold shares also had reported business at the firm price of 19s 9d, and there were subsequent buyers at the same figure, with no apparent seller. A notable change in the miscellaneous group, was a sharp rise of 2s in the buying offer for National Electrics without attracting a seller. G. J. Coles were quoted freely at unchanged rates, while Woolworth’s (ord.) moved up Is 6d to buyers at £5 4s. SALES REPORTED LATE SATURDAY. National Bank of New Zealand, £3. Wilson’s Cement, £1 16s 3d. Martha, 19s 9d. SALES ON ’CHANGE. Mount Morgan, 14s, 14s Id (two). Quotations as under:—

DIVIDENDS DUE Howard Smith—Ord., 2' s per cent, per annum: prof., If per cent Oct. 6 Amalgamated Zinc (De Bavay’s) —Half-yearly, 5 per cent. ... Oct. 9 Amalgamated Wireless—final, 6 per cent, and bonus 1 per cent., making 11 per cent, per annum Oct. 12 Woolwcrths Ltd.—quarterly, ord. 2 per cent ... Oct. 15 Woolworths (N.Z.) Ltd.—lnterim pref. £2 14s per cent Oct. 15 Burns, Philp (South Sea) —halfyearly 5 per cent, per annum Oct. 15 G. J. Coles—lnterim, quarterly, 2f per cent Oct. 15 Wunderlich Ltd.—lnterim halfyearly, ord., 6 per cent, per annum; Ist and 2nd pref., 6 per cent, per annum; 3rd pref., 7 pel cent, per annum Oct. 15 United Provisions —pref. halfyearly, at 8 per cent, per annum, ord. 2 per cent, per annum Oct. 30 N.Z. Guarantee CorporationFinal, 2d a share, 9 13-18 per cent, per annum Oct. 30 Imperial Chemical Industries Ltd. —lnterim, 2f per cent,, on ordinary shares Not. 2 FOREIGN EXCHANGES ON NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchange (all rates subject to alteration without notice) ; Buying. Selling.

DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates to-day on a New Zealand currency basis. They are subject to alterations without notice: — U.S.A. Canada. (Per £1 N.Z.) (Per £1 N.Z.)

Buyers. Seller*. £ S. d. £ ft. d. BANKING— New Zealand 1 18 3 1 19 0 National of New Zealand — 3 0 6 National of Australasia (cont.) ... — 6 19 0 INSURANCE— National 0 18 6 0 18 11 Standard — 3 2 0 SHIPPING— P. and 0. Deferred Stock 1 11 3 — U.S.S. Co. (pref.) ... 1 6 0 MEAT PRESERVING— N.Z. Refrigerating (paid) — 0 19 3 N.Z. Refrigerating (cont.) 0 9 0 0 9 1 South Otago Freezing — 8 0 0 LOAN AND AGENCYMortgage Corporation, 3 3-8 p.c. Stock ... 97 0 0 _ N.Z. Loan and Mercantile (ord.) 34 0 0 — N.Z. Guarantee Corporation — 0 5 8 Perpetual Trustees ... — 3 4 0 COALKaitangata 1 1 0 - WOOLLEN COMPANIES— Bruce (ord.) — 0 14 6 Kaiapoi (cont.) ... — 0 6 5 MISCELLANEOUS— Anthony Hordern ... _ 0 18 9 Australian Glass 4 12 6 4 13 3 British Tobacco 2 2 9 2 3 9 Broken Hill Proprietary 3 16 0 Broken Hill Proprietary (cont.) ... 2 16 9 2 17 6 Brown, Ewing * (ord.) 0 17 0 Brown, Ewing (pref.) 1 2 3 Crystal fee Co 2 5 6 — Dj.C. (ord.) 0 15 6 D.I.C. (pref.) 1 3, 3 Dominion Fertiliser ... 1 5 0 Donaghy’s Rope and Twine 2 11 0 Dunlop Pordriau Rubber — 0 17 3 G. J. Coles (ex rights, cum div.) 3 16 6 3 17 6 G. J. Coles (rights) ... 1 15 9 1 15 0 Hume Pipe 0 19 2 National Electric ... 0 14 6 N.Z. Farmers’ Fertiliser 1 2 0 N.Z. Paper Mills ... Regent Theatre 1 6 9 1 1 6 Wilson’s (N.Z.) Cement 1 16 9 W'oolworths (ord.) ... 5 4 0 — BREWERIES— New Zealand ... ... 2 11 0 2 12 0 Dunedin 1 10 0 Tcoth’s — 2 16 0 UNLISTED STOCKS— M’Intosh, Caley, Phoenix 0 12 0 W’oolworths (Sydney, ord.) 5 7 0 5 8 3 Assoc. Petrol (pref.) 1 5 0 AUSTRALIAN MINING Broken Hill South (£1) 5 10 0 _ Electrolytic Zinc (pref., £1) 2 5 6 Electrolytic Zinc (ord., £1) 2 3 0 2 4 0 Mount Lyell (£1) ... — 1 10 0 Mount Morgan (£1) — 1 10 0 Mount Morgan (2s 6d) 0 14 1 0 14 2 GOLD MINING— Argo Dredging (Is) 0 i 7 Big River (Is) 0 i 9 0 2 0 Central Shotovcr (Is — 0 5 0 Gillespie’s (Is) 0 i 4 0 1 6 King Solomon (Is) ... 0 0 6 Martha (5s) 0 19 9 Mossy Creek (Is) 0 1 3 Nokomai (5s) — 0 2 0 Wainmmu Sluicing (Is) — 0 0 10J Waipapa Beach (Is) 0 0 6 0 0 10J Waitahu (5s) — 0 2 0 N.Z. GOVERNMENT LOANS— (Bonds quoted are £100 Bonds.) 3i p.c. Stock, Nov., 1938-52 103 15 0 _ 3j p.c. Stock, March, 1939-43 ... *-■ ... 101 10 0 r-r

3j p.c. Stock, Sept. 1939-43 ,. 101 10 0 — 3j p.c. Stock, May, 1939-52 . 103 15 0 — 3£ p.c. Stock , March 1941-43 .: ! ioi 10 0 — 3J p.c. Stock, Sept., 1941-43 .. , 101 10 0 — 3jr p.c. Stock, May, 1941-52 , 103 10 0 3i p.c. Stock , Nov., 1941-52 103 10 0 4 p.c. Bonds, ' 1937-40" 101 0 0 — 4 p.c. Stock, 1937-40 101 0 0 102 0 0 4 p.c. Bonds, 1943-46 103 15 0 — 4 p.c. Stock, 1943-46 103 15 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 —

London — N.Z T.T. £124 £124 102 O.D. £123 10/ £124 8/9 Australia — £A to £100. N.Z T.T. £101 £100 10/ Fiji— £F to £100 N.Z. .. T.T. £90 7/6 89 New York— Dollars to £1 N.Z ... T.T 3.99 3.951 O.D. 4.00 3.95| Montreal— Dollars to £1 N.Z ... T.T 3.98J 3.94 1 O.D. 3.99| 3.95i Austria — Schillings to £1 N.Z .. T.T. 20.77 O.D. — 20.79 Belgium— Belgas to £1 N.Z ... T.T. — 23.410 O.D. — 23.421 Czechoslovakia— Crowns to £1 N.Z ... T.T. — 95.46 O.D. — 95.51 Denmark — Kroner to £1 N.Z ... T.T. 18.203 17.893 O.D. 18.263 17.903 France — Francs to £1 N.Z ... T.T. ' 84.47 O.D. — . 84.51 Germany— Reichmarks to SI N.Z. ... ... .. T.T. 9.769 O.D. 9.774 Holland— Florins to £1 N.Z ,. T.T. . 7.449 O.D. — 7.453 Java — Florins to £1 N.Z .. T.T. — 7.395 O.D. — 7.399 Norway— Kroner to £1 N.Z ... T.T. 16.181 15.891 O.D. 16.241 15.901 Sweden— Kroner to £1 N.Z ... T.T. 15.785 15.490 O.D. 15.845 15.500 Switzerland— Francs to £1 N.Z. ... T.T. 17.141 O.D. — 17.146 Noumea — Francs to £1 N.Z .. T.T. 83.10 O.D. — 83.16 Papeete— Francs to £1 N Z ,. T.T. — 83.25 o:d. — 83.31 Hongkong— N.Z. pence to 1 dollar ... . . T.T. 18 13-64 18 45-64 O.D. 18 11-64 18 11-16 India and Ceylon N.Z. pence to 1 rupee ... , . T.T. 22 ii 22 21-32 O.D. 22 11-32 22 41-64 Japan— N.Z. pence to 1 yen T.T. 17 31-64 O.D. — 17 15-32 Shanghai— N.Z. pence to 1 dollar . T.T. 171 18 O.D. 17 15-32 17 63-64 Singapore— N.Z. pence to 1 dollar ... .. T.T. 34 23-32 35 13-64 O.D. 34| 35 3-16

SELLING— T.T. (dol) ... ... 3.95'. 3.95 O.D. (dol) ... ... 3.95J 3.95^ BUYING— T.T. (dol) ... ... 3.98J 3.98J O.D. (dol) ... ... 4.00| 3.99J