THE SHARE MARKET

Evening Star, Issue 22462, 6 October 1936, Page 7

THE SHARE MARKET

BUNEDIN STOCK EXCHANGE Quiet conditions prevailed on the local share market this morning, when a. sale after the call of 50 Broken Hill Proprietary rights at 2s 5d was the only recorded business The rights are attached to the Broken Hill'Company’s flotation of Wenmgton AUuvials Ltd., the nominal value of which shares is 2s This means that purchasers of the rights will pay 4s 5d for shares in the new flotation. . •, , Amongst banking issues New Zealands revealed a tendency to harden, buyers offering up to 38s 9d with no apparent seller. Commercials had a close market of 2d, while National of New Zealands were for sale at 60s 6d, with no buver over 58s 6d. P. and O. Deferred shares moved up 6d to buyers at 325, but present holders remained silent. In the financial and pastoral section Goldsbrough, Ilorts were wanted at 33s 4d, with sellers a shade easier at 33s lOd; wljUe Wright, Stephenson ordinaries had unapplied buyers at 18s 3d. In the miscellaneous group Australian industrials had a good inquiry on a market inclined to harden. Brown, Ewing shares continued to attract buyers, but no seller. National Electrics maintained yesterday’s sharp rise, and the ordnary issue of Wool;wortn’s (N.Z.) had unsupplied buyers at £5 3s 6d. Australian mining shares continued to be strongly favoured, all issues showing slight gains on yesterday’s market. Amongst local gold mining issues the two Molyneur River ventures ’ experienced an improved market. Shares in the Clutha River Company, which expected to make an attempt to launch its dredge at Clyde this afternoon, were sought at 3d premium, but sellers were silent. Molyneux Rivers were asked for at par, and the first seller in months appeared at 2a fid. This company’s dredge has been launched at Alexandra. Government loans continued to be the only section of the market to show any real strength, all issues having inquiry at firm rates, with 1937-40 stock providing the only seller —a parcel ef £250 worth at £lOl 15s, only 2s fid more than buyers were prepared to advance to. • SALE AFTER CALL. Broken Hill Proprietary (rights), 2s sd.

DIVIDENDS DUE

FOREIGN EXCHANGES

ON NEW ZEALAND CUMENCY 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) ;

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.) SELLING-

WHEAT MARKET Pr«u Association—By Telegraph—Copyrlffct LONDON, October 5. (Received October 6, at 11 a.m.) Wheat cargoes are steadier and dearer. Parcels are quiet. Futures:— London: October, 37s January, 38s £|d. Liverpool: October, 8s l|d; December, 8s Id; March, 7s 7|d. Chicago quotations: December, 1135 cents per bushel; May, 1125; July, 97|. THE SEARCH FOR GOLD OKARITO RETURN Mesrs W. A. Mitson and Co., secretaries of the Okarito Five Mile Beach Gold Dredging Company Ltd., report that the wash-up for the week ended on Saturday last was 17oz 7dwt for 132 hours’ dredging. CENTRAL SHOTOVER The Central Shotover Gold Mining Company Ltd. had a wash-up during the week-end, when the gold secured turned the scale at 120 oz. This represents about four weeks’ work, making a total of SOOoz for the operations of the past 13 months. s

■ Quotations as under:Buyers. Sellers. £ s d. £ s.d. BANKING— New Zealand 1 18 9 Commercial ... 0 18 3 0 18 5 National of New Zealand 2 18 6 3 0 6 National of Australasia (cont.) ... 7 0 0 — INSURANCE-*-National — 0 19 0 Standard — 3 2 0 SHIPPING— P. and O. Deferred Stock 1 12 0 — U.S.S. Co. (pref.) ... 1 6 0 — MEAT PRESERVING— N.Z. Refrigerating (paid) 0 18 9 0 19 3 N.Z. Refrigerating (cont.) ..0 9 0 — South Otago Freezing — 8 0 0 LOAN AND AGENCYGoldsbrough, Mort ... 1 13 4 1 13 10 National Mortgage ... — 2 11 0 N.Z. Guarantee Corporation — 0 5 9 . Perpetual Trustees ... — 3 4 0 Wright, Setphenson (ord.) 0 18 3 - — COAL— Westport 1 3 3 WOOLLEN COMPANIES— Bruce (ord.) ... ... - 0 14 6 MISCELLANEOUS— . Anthony Hordern ... — 0 18 9 Associated News ' ... 1 2 0 Australian Glass ' ... 4 12 9 4 14 0 British Tobacco2 2 9 2 3 3 Broken Hill Prop. ... 3 16 6 3 17 9 Broken Hill Prop. (cont.) 2 16 9 2 17 6 Brown, Ewing (ord.) 0 17 0 _ Brown, Ewing (pref.) 1 2 3 — Consolidated Brick ... 0 9 6 Crystal Ice Co 2 5 6 — D.'I.C. (ord.) 0 15 3 0 16 3 Dominion Fertiliser ... . 1 5 0 Dunlop Perdriau Rubber — 0 17 2 G. J. Coles ... • 3 16 6 3 17 3 Hume Pipe — 0 19 0 Milburn Lime and Cement ... 2 3 0 National Electric 0 14 0 N.Z. Newspapers — 2 0 6 N.Z. Paper Mills 1 6 9 ‘ Otago Daily Times ’ — 2 6 0 Regent Theatre — 1 1 6 Woolworths (ord.) . . 5 3 6 — E- : IWERIES— New Zealand 2 11 0 2 12 6 Dunedin 1 10 0 Tooth’s* — 2 16 0 UNLISTED STOCKS— Woolworths (Sydney, ord.) 5 6 0 5 10 0 Otago Farmers’ Co-op. Were’s Trust (rights) 0 4 0 0 0 11 0 1 0 Associated Petrol (pref.) 1 5 0 ■ Shillings Ltd. 17s 6d paid) — 0 18 0 AUSTRALIAN MINING Broken Hill South (£1) 5 12 0 Electrolytic Zinc (pref., £1) 2 5 9 — Electrolytic Zinc (ord., £1) 2 3 3 2 3 9 Mount Lyell (£1) ... 1 9 5 1 9 9 Mount Morgan (2s 6d) 0 14 1 0 14 6 GOLD MINING— Argo Dredging (Is) 0 1 7 0 1 9 Big River (Is) 0 19 0 2 0 Central Shotover (Is) — 0 0 5 Clutha River (2s) ... 0 2 3 Gillespie’s (Is) ... ... 0 1 4 0 1 6 King Solomon (Is) 0 0 7 Martha. (5s) 0 19 9 •Moiysieux River (2s) 0 2 0 0 2 6 Mossy Creek (Is) ... 0 1 3 — Mount David (5s) ... 0 1 0 Nokomai (5s) — 0 1 11 Okarito (5s) 0 3 0 0 4 9 Paddy’s Point (5s) ... 0 2 0 Waipapa Beach (Is) 0 0 6 Waitihu (5s) ... ... — 0 2 0 N.Z. GOVERNMENT LOANS3i p.c. Stock, Nov., 1938-52 103 15 0 34 p.c. Stock, March, 1939-43 101 10 0 — 34 p.c. Stock, Sept., 1959-43 101 10 0 3i p.c. Stpck, May, 103 15 0 5j p.c. Stock, March, 194143 101 10 0 — 3jr p.c. Stock, Sept., 1941-43 101 10 0 — 3i p.c. Stock, May, 1941-52 103 10 0 — 3j p.c. Stock, Nov., 1941-52 103 10 0

4 d.c. Bonds, 1937-40 101 0 0 — 4 d.c. Stock. 1937-40 101 12 6 101 15 0 4 p.c. Bonds, 1943-46 103 17 6 — 4 n.c. Stock, 1943-46 105 5 0 — 4 p.c. Stock, 1946-49 105 5 0 —. 4 p.c. Stock, 1952-55 105 5 0 —

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 Woolworths Ltd.—Quarterly, ord. 2 per cent Oct. 15 Woolworths (N.Z.) Ltd.—Interim pref. £2 14s per cent Oct. 15 Burns, Philp (South Sea) —Halfyearly 5 per cent, per annum Oct. 15 G. J.-Coles —Interim, quarterly, 2j per cent. ... .. Oct. 15 Wunderlich Ltd. —Interim halfyearly, ord., 6 per cent, per annum; 1st and 2nd pref., 6 per cent, per annum; 3rd pref., 7 per 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. —Interim, 2£ per cent., on ordinary shares Nov. 2

Buying. Selling. London — £100 stg. N.Z. ... ... T.T. £124- £124 10,' 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 £69 New York— Dollars to £1 N.Z .. T.T. 3.97} 3.944 O.D. 3.99 3.94| Montreal — Dollars to £1 N.Z T.T. 3.97| 3.944 O.D. 3.984 3.94J Austria — Schillings to £1 20.77 N.Z ... T.T. — O.D. — 20.79 Belgium— Belgas to £1 N.Z .. T.T. — 23.363 O.D. — 23.364 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. — 84.33 O.D, — 84.57 Germany— Keichmarks to £1 N.Z .. T.T. — 9.753 O.D. — 9.758 Holland— Florins to £1 N.Z .. t’t. — 7.461 O.D. — 7.465 Java — Florins to £1 N.Z. .. T.T. — 7.427 O.D. — 7.431 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. —• 17.107 O.D. — 17.112 Noumea — Francs to £1 N.Z .. T.T. — 82.96 O.D. — 83.02 Papeete— Francs to £1 N.Z .. T.T. — 83,11 O.D. — 83.17 Hongkong— N.Z. pence to 1 dollar T.T. 18 9-32 18 25-32 O.D. 18i 18 49-64 India and Ceylon N.Z. pence to 1 rupee ... . . T.T. 22| 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. 17 37-64 18 9-64 O.D. 17 35-64 184 Singapore— N.Z. pence to 1 "dollar ... . . T.T. 34 23-32 35 13-64 O.D. 34| 35 3-16

T.T. (don ... ... 3.95J 3.94 O.D. (del) ... ... 5.941 3.94* BUYING— T.T. (dol) ... ... 3.97* 3.97 1 O.T. (del) ... ... 3.98J 3.98|