Investment Market To-day

Evening Star, Issue 23377, 21 September 1939, Page 9

Investment Market To-day

SLIGHTLY BETTER . SMALL RISES IN AUSTRALIANS BROKEN HILLS SOUGHT AT £3/10/6 HARDENING TENDENCY IN BANK OF NEW ZEALANDS A tendency towards firmer levels was apparent in some transtasman issues this morning, holders showing the way in most sections. Buyers of Australian scrip were again comparatively few, however, but business was better, although Government loans absorbed most of the dealings. , Australian metals were neglected by purchasers, but vendors raised limits. Morgans alone remained inactive at sellers IDs, but Lyells, Zinc iprefs., and Souths displayed evidence of revived strength. , Commonwealth industrials showed signs of slight recovery. Broken Hills had 6d better buyers at £3 10s 6d, while Sydney Woolworths rose Is on an inquiry to £1 2s, vendors asking £1 3s. Cole's and Dunlop Rubbers were quiet. .. Government loans reflected more interest, three transactions _ being recorded, one of which was in the September, 1940-43 , 4 per cents, at £97 7s 6d. Bank of New Zealands hardened to between £1 18s-£l _ 19s, but other early sections showed little change. Industrials were mostly stable, while in breweries New Zealands remained weak at £1 10s-£l 11s 6d. SALES REPORTED. —Late Yesterday.— 4 per cent. Stock, September, 194043. £97 7s Cd. , , „ „, Commercial Bank, 14s Bd, 14s 7d. New Zealand Drug, £3 7s 9d. Wilsons Cement, 16s Cd. —This Morning.—■ , 4 per cent. Stock, September, 194043, £97 7s Cd. „ „„„ 4 per cent. Stock, 1943-46, £9B. 4 per cent. Stock, 1948, £99 ss. Commercial Bank. 14s 6d (late yesterday). Wilsons Cement. 16s 6d.

COLOMBO TEA SALE Mr L. M. Wright has received the following cabled report on the Colombo tea auction of Septembedl 20:— All grades were in good demand, and prices advanced sharply on last week’s rates. Quality of offerings is good, and supplies coming forward are moderate. CLUTHA AHD MOLYNEUX SHARES Press Association—By Telegraph—Copyright LONDON, September 20. (Received September 21, at II a.m.) Share quotations; Clutha River Company—buyers 9d, sellers Is; Molyneux River Company—buyers 10id, sellers Is lid.

DUNEDIN STOCK EXCHANGE f . THIS MORNING'S CALL LATEST QUOTATIONS

Buyer Seilers. £ 6. d. £ 5. d. N.Z. GOVERNMENT LOANS— 4 p.c. Stock, Sept., 1940-43 97 10 0 3i p.c. Stock, March, 96 0 1941-4& 0 *— 34 p.c. Stock, Sept., 96 0 1941-43 0 — 4 p.c. Stock, March, 0 1940-43 — 0 97 10 4 p.c. Bonds, 1943-46 97 15 98 — 0 4 p.c. Stock, 1946-49 ~ 5 BANKING— New Zealand (£1) ... 1 18 0 1 19 0 Commercial (10s) — 0 15 0 National of New Zealand (£2 10s) ... — 2 6 3 INSURANCE— National (7s) 0 16 6 — New Zealand (£1) ... 2 12 0 — Standard (£1) 2 14 0 2 15 0 SHIPPING— Howard Smith 0 (£1) — I 2 U.S.S. Co. (pref., £1) 1 4 9 MEAT PRESERVING— N.Z. Refrigerating 0 16 (paid. £1) 3 •— N.Z. Refrigerating 0 8 (cont., 10s) 0 LOAN AND AGENCTTrustees Executors, 0 and Agency (£3) ... 4 0 — Wright, Stephenson (pref., £1) 0 18 0 — COAL— Westport (10s) 1 0 9 — W estport-Stockton (ord., 10s) 0 4 0 GAS— Auckland (£1) _ 0 15 6 Christchurch (£1) 1 3 3 1 4 0 WOOLLEN COMPANIESBruce (pref., £1) ... 0 18 0 — Kaiapoi (ord., 17s) ... Kaiapoi (pref., 17s) Mosgiel (£4) — 0 12 0 0 14 9 3 0 6 — Oamaru (£1) 0 15 0 MISCELLANEOUS- . Australian Consol. Ind. (£1) 1 jl3 0 .Australian Consol. 0 2 6 Ind. (rights) — Broken Hill Pro0 prietary (£1) 3 10 6 3 13 Brown, Ewing (pref., £1) — 1 1 0 D.I.C. (ord., 10s) ... — 0 14 6 D.I.C. (pref., £1) ... 1 1 9 — Dominion Fertiliser (£1) - ... 1 3 9 — Dunlop Perdriau Rubber (£1).. 0 17 6 — G. J. Coles (ord., £1) — . 3 15 0. M’Kenzios Dept. Stores (£1) — 2 3 6 M’Leod Bros. (£10) ... — 28 5 0 N.Z. Drug Co. (£2) 3 7 6 — N.Z. Paper Mills (£1) ‘ Otago Daily Times ’ — 1 6 0 (£11 ... — 2 0 6 Wilsons Cement (10s) 0 16 4 0 16 9 Woolworths (Sydney, ord., 5s) 1 2 0 1 3 0 BREWERIES— New Zealand (£1) ... 1 10 0 1 11 6 Tooth’s (£1) 2 12 0 OVERSEAS MINING— Broken Hill South (5s) ... — 1 11 9 Electrolytic Zinc (pref., £1) — 2 19 6 Mount Lyell (£1) — 1 12 0 Mount Morgan (2s 6d) —- 0 10 0 Mount Morgan (pref., £1) — 1 a 6 N.Z. MINING— Austral N.Z. (£1) ... — 1 3 6 • Big River (Is) Gillespie’s (Is) — 0 0 1 0 0 10 Nokomai (5s) 0 1 6 0 2 0 Okarito (5s) 0 2 0 0 5 0 Waitahu (5s) — 0 1 0 Waihi Investments ... 0 6 5 0 7 7