Investment Market To-day

Evening Star, Issue 23372, 15 September 1939, Page 6

Investment Market To-day

LITTLE CHANGE I AUSTRALIAN METALS INACTIVE NO BUYERS AND SELLERS HESITANT MARKET FOR A.G.I. RIGHTS WIDENS There was little variation in stock prices this morning, but support for most sectior.s was present at a price. Australian metals again proved an exception, not a single buyer coming on, while values continued to reflect uncertainty. Leading Commonwealth industrials held late rates, while most Dominion lines were quietly steady. Business was restricted. Among mining issues, both Lyells and Souths came on offer at £1 12s, while Norths were available at £1 above that valuation. Zinc ords. eased to a vendor at £2 18s 9d, while Morgans were hesitant. Broken Hill Proprietaries and A.C.I. rights were the only Australian industrials to have both buyers and sellers on. The former shares were unchanged, but the rights opened wide between 4s 3d-4s lOd. Coles and Sydney Woolworths were again restricted to a sellers’ market. Banks were neglected by purchasers, but insurances found a firm inquiry, with Standards closing at buyers £2 14s. Meat preservings finished stable, while selected industrials were accorded support at defined limits. SALES REPORTED. —Late Yesterday.— New Zealand Refrigerating (cont.), 8s Id. D.I.C. (pref.), £1 Is 9d. —This Morning.— New Zealand Drug, £3 7s 9d. SALE ON ’CHANGE. —This Morning.— 4 per cent. Stock, 1943-46, £9B.

•%»% »%>?« «y« »y« »ya »%> »y« DIVIDENDS AND CALL LIST. DIVIDENDS PAYABLE. Foster Brewing Co. Ltd. —Interim half-yearly, 6£ per cent Sept. 16 Milburn Lime and Cement —Final, la a share (August 25) Sept. 19 N.Z. Drug—lnterim, 3| per cent. Sept. 20 Howard Smith—lnterim half-year, 2 per cent. (September 11) ... Sept. 21 Apex Investment Trust—Final, per cent, per annum ... ... Sept. 21 Auckland Farmers’ Freezing Co.— 6 per cent, per annum Sept. 23 North Broken Hill —Quarterly, 6d a share (August 29) Sept. 27 George Farmer, Sydney—Ord., 2J per cent, per annum Sept. 29 Felt and Textiles—s per cent., making 10 per cent, per annum Sept. 30 British Tobacco Co. Ltd. —Quarterly ord., 2 per cent. (September 9) Sept. 30 Dunlop Perdriau Rubber —Finals cum pref., 5 per cent., making 10 per cent., and ord. 3J per cent., making 7 per cent, per annum respectively (September 14) Sept. 30 Barnet Glass Rubber—Finals cum pref., 6 per cent., and ord., * <BJ per cent., making 10 per. cent, and 12 per cent, per annum respectively Sept. 30 N.Z. Newspapers Ltd.—lnterim, 8d a share ... Oct. 2 Wairarapa Farmers’ Co-op.— Pref. 3) per cent, per annum Oct. 2 Hume Pipe (Australia) Ltd.— Final ord. and pref., 3j per cent, per annum, making 7i per cent Oct 2 Nestles and Anglo-Swiss Condensed Milk (Australasia) Ltd.—Quarterly pref. at 8 per cent, per annum Oct. 2 Bank of Australasia—lnterim 3s 6d per share (less British income tax, September 11) ... Oct. 6 Wpolworths (N.Z.) Lid.—Halfyearly pref., 9 per cent. (September 24) Oct. 15 Woolworths Ltd., Sydney—Halfyearly ord., 6 per cent. (September 24) ... ... Oct. 15 (Dates in parentheses signify the closing of transfer books and registers.) CALLS DUE. Tooheys Ltd.—Ba a share, making 16s paid ... Sept. 21 G. J. Coles —10s a share, making £1 paid ... Jan. 15 AUSTRALIAN STOCK EXCHANGES PRICES GENERALLY FIRM SYDNEY, September 14. The Stock Exchange retained all the best features of yesterday, with little variation in prices, which generally were firm. —Morning Sales.—

DUNEDIN STOCK EXCHANGE THIS MORKING'S CALL LATtST QUOTATIONS

“ WAR BOOM " STOCKS SHARP DECLINE REGISTERED NEW YORK, September 13. War boom ” stocks encountered the first serious decline in nine davs when profit-making’drove prices down as much as 4 points. DOMINION EGGS LONDON, Sentember 14. Prices for Dominion eggs have been fixed at 10s 6d and 12s 6u.

FRUIT AND PRODUCE SMALLER CONSIGNMENTS ARRIVING ORANGES NOW MORE PLENTIFUL Reilly’s report that smaller supplies of fruit and vegetables have been arriving, and business has been quiet in the markets. Good quality dessert apples have a demand, coloured fruit iu particular being wanted. Values show a satisfactory advance for all lines of good quality. Cooking apples have an excellent inquiry, and dessert pears are also selling well. During the week very heavy supplies of cut flowers have been received from the north. Now that local supplies have increased values have dropped considerably. A small parcel of oranges came to hand during the week, and further supplies should be distributed next week. There will be an excellent demand for this fruit, which will consist of navels. Australian grapefruit are also expected. Small consignments of passion fruit are meeting with a good inquiry. Small consignments of hothouse cucumbers are bringing satisfactory values. A further consignment of New Zealand lemons came to hand during the week, and sales are steady. Ripe bananas are in short supply. A shipment of Nines and Samoans due towards the end of the month should have a good inquiry. Fair supplies of vegetables are available. Cabbages are selling at lower values, but cauliflowers are slightly firmer in price. Some nice quality hothouse lettuce are arriving, and meeting with a good inquiry. Other vegetables are in good supply. Increased consignments of rhubarb are arriving, and values are lower. Table potatoes have only a limited inquiry, ample supplies being available. _ Seed potatoes are in short supply, with an excellent inquiry. Owing to the conditions supplies of whitebait are limited, and values remain firm. Eggs.—With the good demand experienced for preserving purposes, values firmed one penny during the week, guaranteed now selling at Is sd. Poultry.—There was only a medium yarding for Wednesday’s sale, good values being secured for all classes. CLUTHA AND MOLYNEUX SHARES Press Association —By Telegraph—Copyright LONDON, September 14. (Received September 15, at 11 a.m.) Share quotations: Clutha River Company—buyers 9d, sellers Is; Molyneux River Company—buyers sellers Is lid. AUSTRALIAN MARKETS SYDNEY, September 14. The wheat market is slack. Nominal buying quotation, 2s lOd a bushel, inall charges, but little business is reported Flour, £l2 10s. Potatoes. —Tasmanian, £2l; others. £l9 10s - Onions.—Egyptian brown, £25; New Zealand. £26 to £27; American white, £3O Maize.—Yellow, 4s 3d; white, 4s sd.

Commonwealth Bonds—■ £ 8. d. 3} per cent., 1943 97 5 0 3J per cent., 1951 97 17 6 3J per cent., 1954 . 97 5 0 3| per cent., 1948 100 5 0 3J per cent., 1954 97 15 0 3J per cent.. 1955 91 0 0 4 per cent., 1941 100 10 0 4 per cent., 1947 101 12 (i 4 per cent., 1950 99 13 9 4 per cent., 1943 99 16 3 4 per cent., 1955 100 0 0 4 per cent., 1959 100 0 0 4 per cent., 1961 100 18 9 Com. Bank of Sydney 17 0 0 Tooths 2 10 0 Australian Con. Industries 1 13 10 British Tobacco 2 8 0 Broken Hill Proprietary ... 3 a 0 Cash Orders 0 15 0 Colonial Sugar 44 0 0 Huddart, Parker 2 17 0 — Afternoon Sales. — Bank of N.S.W 27 0 0 Com. Banking of Sydney 17 0 0 National Bank (£5 paid) 5 10 0 Colonial Sugar 44 7 6 Howard Smith 1 1 1 Huddart, Parker 2 17 0

Buyers. Sellers. £ S. d. £ a. d. N.Z. GOVERNMENT LOANS3J p.c. Stock, March, 1911-43 96 0 0 34 p.c. Stock, Sept., 1941-43 96 0 0 — 4 p.c. Stock, 1943-46 98 0 0 4 p.c. Stock, 1952-55 — 96 0 0 HANKING— Australasia (£5) 9 2 0 New Zealand (£1) ... 1 18 6 National of New Zealand (£2 10s) 2 7 0 Union of Australia Ltd. (£5) — 7 16 6 INSURANCE— National (7s) 0 16 6 0 16 10 New Zealand (£1) ... 2 12 0 — South British (£1) ... 2 1 0 Standard (£1) 2 14 0 2 15 0 SHIPPING— P. and 0. Deferred Stock (£1) 1 6 0 1 11 0 U.S.S. Co. (pref., £1) 1 4 9 — MEAT PRESERVINGN.Z. Refrigerating (paid, £1) 0 16 0 N.Z. Refrigerating (cont., 10s) ... ... 0 7 10 0 8 4 Southland frozen (paid, £1) 1 7 0 1 8 6 South Otago freezing (£5) 4 8 0 "" LOAN AND AGENCY— Trustees, Executors, and Agency (£3) ... 4 0 Q COALWestport (10s) 1 0 9 Wesiport-Stockton (ord., 10s) 0 3 8 0 4 0 GAS— Christchurch (£1) ... 1 3 3 1 4 9 WOOLLEN COMPANIES Bruce (pref., £1) ... 0 18 0 — Kaiapoi (pref., 17s) 0 14 0 — Mosgiel (£4) 9 2 6 MISCELLANEOUS— Australian Foundation Trust — 0 5 0 Australian Consol Ind. (£1) — 1 15 6 Australian Consol. Ind. (rights) 0 4 3 0 4 10 Broken Hill Proprietary (£1) 3 12 0 3 13 0 Brown, Ewing (pref, £1) — 1 1 0 U.l.C. (crd., 10s) ... — 0 14 9 D.I.C. (pref., £1) ... 1 1 9 — Dominion Fertiliser (£1) 1 5 9 Dominion Rubber (£1) — 1 5 0 Dunlop Perdnau 0 Rubber (£1) — 0 19 G. J. Coles (ord., 0 £1) — 3 15 Macduffs Ltd. (ord., 9 £1) - 0 1 Milburn Lime and Cement (£1) I 15 0 —* N.Z. Drug Co. (£2) 3 7 9 s 8 0 N.Z. Paper Mills 6 0 (£1) -v — 1 ■ Otago Daily Times (£1) '• - 1 19 6 2 0 6 Wilsons Cement (10s) 0 16 6 — Woolworths (Sydney. 1 ord., 5s) — Woolworths’ Properties (ord., £1) 1 4 BREWERIESNew Zealand (£1) — 1 IS 0 OVERSEAS MINING— Broken Hill South (Ss) ... — 1 12 0 Electrolytic Zinc (ord., £1) • — Z 18 9 Mount Lyell (£1) ... — 1 12 0 Mount Morgan (2s 6d) — 0 10 9 North Broken Hill (5s) — 2 12 0 Rawang Tin (10s) ... — 0 10 6 N.Z. MININGAustral N.Z, (£1) — 1 4 6 Big River (Is) C 0 6 0 1 0 Clutha River (2s) ... — 0 1 8 Gillespie’s (Is) — 0 0 10 Nokomai (5s) C 1 6 c 2 0 Okarito (5sl C 2 0 0 3 0 Waitahu (5s) — c 1 0 Waihi Investments ... 0 6 3 0 7 0

British Tobacco 2 7 6 Tooths o 9 9 Toohcys 1 7 6 Carlton Brewery 3 4 10 Coles 3 9 0 Woohvorths 1 2 4} Australian Con Industries Australian Con. Industries 1 13 9 (rights) ... 0 4 5 Dunlop Perdriau (ex div.) 0 17 9 Hordern 0 13 5 Stedmans 0 11 6 Mortis Dock 0 15 6 Sargents I 7 3 Cordon and Gotc(r 2 10 0 Peters ; 2 11 0 Mauri Bros ... 3 8 0 Goldsbrough, Mort 1 8 1 Electrolytic Zinc 2 15 74 Electrolytic Zinc (pref.) o 16 9 Mount Morgan 0 10 0 Mount Lyell 1 13 7 Broken Hill Proprietary 3 a 3 Norths 2 8 9 Souths 1 8 9 Kuala Kampar 0 17 7i Kuala Kampar (N.Z. .del.) 0 17 74 Rawang ' 0 9 5 Emperor 0 10 2 MELBOURNE, September 14. £ s. d. Com. Bank of Australia ... Com. Bank of Australia 0 14 2 (prof.) 8 2 0 Adelaide Steam 1 13 0 Australian Con. Industries Australian Con. Industries 1 13 9 (rights) ... Anst. Foundation Investment 0 4 4 Trust (ex div.) 0 4 0 Coles 3 a 9 Howard Smith (ex div.) 1 0 8 Mount Morgan 0 10 1 Mount Lyell 1 ii 9 North Broken Hill 2 6 9 Emperor 0 10 0