Investment Market To-day

Evening Star, Issue 23368, 11 September 1939, Page 9

Investment Market To-day

METALS STRENGTHEN MORGANS SELL FOR HZBROKEN HILL SOUTHS SOUGHT AT £l/10/AUSTRALIAN INDUSTRIALS LIFELESSOTHER SCRIP CAUTIOUS Australian metal shares again rose sharply on the Dunedin investment market, which resumed business this morning, after being closed since Friday. ' Buying support expanded substantially, and advances were marked in practically every issue. Commonwealth industrials remained hesitant, while other sections reflected caution. Business was fair. Mount Lyells stood out among metals with a 2s 6d rise by buyers to £1 12s 6d, final sellers maintaining limits at £1 14s 6d. Broken Hill Souths shot up to an inquiry at £1 10s, while Morgans recovered spectacularly to business at 11s, around which valuation the market closed. Zincs and Norths were stronger. Transtasman industrial lines were quoted at defined limits. Broken Hill Proprietaries closed wide between £3 10s-£3 12s, but they were the only shares to attract a purchaser. Coles eased to an offer at £3 11s, with A.C.Is and Sydney Woolworths finishing weak. Bank of New Zealands remained inactive with easy vendors willing to quit at £1 18s 9d and no buyers forward. Insurances were uncertain, but New Zealand Refrigeratings cont. recovered to a transaction in the room at Bs. Mosgiel and other select woollens retained strength. Dominion industrials displayed littl#> marked change. SALE REPORTED. —This Morning.— Mount Morgan, 11s. SALE ON ’CHANGE. —This Morning.— New Zealand Refrigerating (cont.), 8s 3d.

DIVIDENDS AND CALL LIST. DIVIDENDS DUE. Huddart, Parker—lnterim pref. 3 per cent., ord. 7 per cent. ... Sept. 14 Woolworths (VV.A.) Ltd.—lnterim halfyearly, 74 per cent Sept. 15 Electrolytic Zinc—half-yearly ord. and pref. at 9 per cent, per annum ... Sept. 15 Broken Hill South—6d a share ... Sept. 15 Woolworths (W.A.) Ltd.—lnterim half-yearly, 74 per cent. ... Sept. 15 Foster Brewing Co. Ltd.—lnterim half-yearly, 64 per cent. ... Sept. 16 Apex Investment Trust —Final, 44 per cent, per annum Sept. 21 Auckland Farmers’ Freezing Co.— 6 per cent, per annum Sept. 23 North Broken Hill—Quarterly, 6d a share Sept. 27 CALLS PAYABLE, toohevs Ltd.—Bs a share, making 16s paid Sept. 21 G. J. Coles—los a share, making £1 paid ... . Jan. 15 COMPANY NEWS GENERAL INDUSTRIES DIVIDEND General Industries, Limited, Sydney, has advised, the Stock Exchange Association that an interim dividend of 5 per cent, on ordinary shares and 3J per cent, on preference shares for the half-vear ended August 31, will be paid "on September. 30. Share registers will be closed from September 18 to 30, both days inclusive. For the last financial year, the company paid an interim dividend of 5 per cent., and a final of 7J per cent., on the ordinary shares, making a total of 12J per cent. RUBBER, JUTE, ETC. LONDON, September 9. Quotations ruling yesterday were:— Rubber. —Para, 9£d per lb; plantation smoked, lOd and 9-}d. Jute, copra, and linseed oil are not quoted. Turpentine, 50s per cwt. VICTORIA NYANZA SUGAR VISITED BY LOCUSTS A serious locust visitation is reported by the Victoria Nyanza Sugar Company Limited on August 27, while another swarm caused damage on September 6. AGREEMENT WITH GERMANY CANCELLED BY SOUTH AFRICA CAPE TOWN, September 9. South Africa cancelled the German clearing agreement, involving £6,355,000 and plans to sell elsewhere the wool earmarked tor Germany, which in 36 per cent, of the clip.

DUNEDIN STOCK EXCHANGE THIS MORNING'S CALL LATEST QUOTATIONS

MINES AND METALS REPORTS AND RETURNS White’s Dredge. The following is the official return of gold won by White’s Electric Gold Dredging Company’s dredge during the week ended September 719°® °t S ol< * from 7,600 yards treated in 108 hour* < dredging time. New River. The following is the official return bf gold won by the New. River Gold Dredging Company’s dredge during the week ended September 7: —720z of gold from 8,500 yards treated in 117 hours dredging time. Worksop. The following is the offcial return of the Worksop Extended Gold Dredging Company Ltd. for the week ended September 718 oz of gold from 122 hours’ work, covering 9,500 yards of material. Mataki Junction. The Mataki Junction return for the week ended on September 7 was 540 a of smelted gold for 133 hours’ work from 19,000 yards of material. Gillespie’s Beach. ' * A recovery of 260 z 14dwt ls r ®T ported by the Gillespie’s Beach Gold Dredging Company for the week ended September 8. Yardage treated amounted to 16,334, while hours worked were 125. Okarito Dredging. A wash-up of 260 z 9dwt for 134 J hours is reported by the Okarito riv® Mile Beach Gold Dredging Company for the week ended September 8.

Buyers. Seller*.. £ s. N.Z. GOVERNMENT LOAN&3i p.c. Stock. Sept., d. £ s. i. 193943 ... Si p.c. Stock, March, — 99 IS (5 194143 Si p.c. Stock, Sept., 98 0 0 194143 98 0 0 — 4 p.c. Bonds, 194346 87 15 0 98 10 0 4 p.c. Stock, 194346 — 98 0 a 4 p.c. Stock, 194649 BANKING99 10 a Australasia (£5) _ 9 5 a New Zealand (£1) ... — 1 18 9 Commercial (10s) ... Uniou of Australia — 0 15 3. Lid. (£5) INSURANCE7 17 0 National (7s) 0 16 5 0 17 0 Standard (£1,1 SHIPPING— P. and 0. Deferred 213 6 215 q. Slock (£1) U.S.S. Co. (pref., 1 4 0 £1) MEAT PRESERVING N.Z. Refrigerating 1 f 6 (paid, £1) N.Z, Refrigerating 0 15 6 — (cont., 10s) South Otago Freez0 8 0 — ing (£5) Waitaki Farmers’ 4 8 0 Freezing (£5) ... LOAN AND AGENCY— National Mortgage 4 14 9 (£2) « VVngbfc, Stephenson 2 0 (3 (pref., £1) COAL— 0 19 0 Kaitangata (16s) ... 1 8 9 Westport (10s) W estport-Stocbton 1 0 9 — a(ord., 10s) W estport-Stockton 0 4 (pref., 10s) GAS0 7 6 Auckland (£1) — 0 15 3 Christchurch (£1) .... — WOOLLEN COMPANIES— 1 4 9 Bruce (pref., £1) ... 0 18 0 — Mosgiel (£4) 9 2 6 — Oamaru (£1) MISCELLANEOUS— Australian Consol. 0 15 0 Ind. (£1) Australian Consol. — 1 15 0 Ind. (rights) Broken Hill Pro- — 0 4 3 prietary (£1) ... Brown, Ewing 3 10 0 3 12 0 (pref., £1) •— 1 1 3 D.l.C. (ord., 10s) ... . — 6 0 14 3 D.I.C. (pref., £1) ... Dominion Fertiliser 1 1 (BL) l Dominion Rubber 1 3 6 (£1) Donaghy’s Rope and 0 15 0 Twine (£1) Dunlop Perdriau —* 2 9 0 Rubber (£1) — 0 19 G. J. Coles (ord., £1) — 6 li 0 M'Leod Bros. (£10) — 6 28 5 N.Z. Drug Co. (£2) 3 7 , 3 8 s N.Z. Paper Mills (£1) ; ’ — 16 3 * Otago Daily Times (£1) 1 19 0 2 0 6 Regent Theatre (£1) Woolworths (Sydney. — 1 1 a ord., 5s) Woolworths Properties 1 2 3 0 (ord., £1) ... BREWERIES1 5 New Zealand (£1) ... OVERSEAS MINING— Broken Hill South 1 16 0 (5s) Electrolytic Zinc 1 10 0 (pref., £1) Electrolytic Zinc 2 17 0 i X 0 (ord., £1) ... ... 2 16 0 — 8 Mount Lyell (£1) ..i. Mount Morgan 1 12 6 1 14 (2s 6d) ... ••• North Bi’oken Hill 0 10 10 0 11 i (5s) N.Z. MINING— 2 9 0 ' Austral N.Z. (£1) ... . — 1 4 3 Big River (Is) — 0 1 0 ■ Clutha River (2s) ... — 0 1 Gillespie’s (Is) Nokomai (5s) - 0 2 0