THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22514, 23 September 1938, Page 15

THE STOCK EXCHANGES

LOCAL TURNOVER INCREASES PRICES SHOW FIRMER TREND Turnover on the Christchurch Stock Exchange yesterday was larger than it has been, and was in a wider range of stocks. Price movements were irregular, but for the most part in favour of sellers. No immediate reaction to the Federal Budget or the European situation was noticeable on the Sydney exchange yesterday beyond a shrinkage in Prices generally were steady. The Melbourne exchange was quiet.

The London stock markets continue to be uneasy. Czech bonds have slumped, the 8 per cents, falling £ls to £52. The year’s highest rate for these bonds was £lO5.

UNLISTED STOCK Sale Reported 100 Ballins Breweries .. 011 0 Local Body and Banking A parcel of Hamilton Borough 4} per cent, debentures, due 1951, changed hands at £lOl 10s. E., S., and A. Bank were firmer, with buyers and business at £5 3s 9d. National Bank of New Zealand advanced to 52s 6d, and more were wanted at 52s 4d. Bank of New Zealand were fractionally weaker at 425. Union Banks had business at £8 7s, and more were wanted at £8 ss. Unsupported sellers of South British Insurance reduced their limits to 44s 3d. Goldsbrough, Morts changed hands at 26s Bd, and there were further sellers at 26s 9d, buyers at 26s 6d. Miscellaneous Buyers of Alloy Steel (New Zealand) raised their bids to 21s, but sellers were reticent. Australian Glass eased to 90s 3d. British Tobacco were firmer on buyers’ offers, 46s 2d. Broken Hill Proprietary showed little variation, with dealings at 55s 9d and 55s Bd. and there were further sellers at the lower price, buyers at 55s 7d. Dunlop Rubber were firm at 20s sd, the market closing Id either way. Electrolytic Zinc, preference, were firmer'at 44s 9d, and 44s Bd, and these were sellers’ and buyers’ closing quotations respectively. G. J. Coles were fractionally firmer at 77s 2d and 775, the market closing 76s lid buyers, 77s Id sellers. ~ . ' Taranaki Oilfields moved up a point to 12s 4d, and there were further buyers at that price, sellers at 12s sd. Woolworths, Ltd., cum dividend, moved up to 20s 3d, closing quotations Id on either side. Mining Gillespie’s Beach were fractionally weaker at 11 id. Maori Gully were firmer, with buyers and dealings at 6d, sellers at 7id. , „ Broken Hill South advanced to 29s lid, but closed with sellers at 29s 9d. Mount Lyella moved up to 27s 2d and 26s lid, sellers staying in at the lower figure, buyers at 26s lOd. North Broken Hill, on the morning call, rose to 465, but on the afternoon call there were sellers at 45s Bd, buyers at 45s 2d. Wellington Alluvials were fractionally firmer at 5s 2d. Unlisted Stock Ballins Brewery remained unaltered at 11s. LATEST QUOTATIONS N.*. Govt. Debenture*

AUCKLAND

UNLISTED STOCKS All transactions In stocks quoted in this section are subject to special brokerage and are not quoted on the official list:— Buyers. Sellers.

SYDNEY

MELBOURNE

LONDON

FOREIGN EXCHANGES

BANK OF NEW SOUTH WALES The Bank of New South Wales quoted the following exchange rates yesterday;— Buying. Selling.

Whether your Income Is £2 or £2O weekly, you’ll make it buy more if you read the advertisements regularly in “The Press.” —6

ASSOCIATED BANKS* DOLLAR RATES The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis. They ’are subject to alteration without notice;—

LONDON, September 21. Gold is quoted at £7 4s a fine ounce, a reduction of 4d. Silver^is quoted at 19Jd -an dunce spot and 19id forward. SHORT LOANS AND BILLS LONDON, September 21. Discoimt and short loan interest rates on the London market are quoted as follows:—Day-to-day loans, J- per cent; fine trade bills (three months), 2 to 21 per cent.; bank bills (three months), 15-16 per cent.; bank bills (six months), 1J per cent.; Treasury bills (two months), | per cent; Treasury bills (three months), 15-16 per cent New York call money is quoted at 1 per cent

LOCAL DEALINGS LISTED STOCKS Sales on 'Change £ s. d. 50 E., S., and A. Bank 5 3 9 100 Bank of New Zealand 2 2 0 25 Union Bank of Aust. 8 7 0 50 Aust. Glass 4 10 3 150 Broken Hill Prop (2) 2 15 9 2 15 8 100 Dunlop Rubber 1 0 5 150 Electro. Zinc (pf.) (3) 2 4 9 200 G. J. Coles 3 17 2 3 17 0 100 Taranaki Oilfields 0 12 4 100 Woolworths (Syd., ord.) 1 0 3 300 Gillespie’s Beach 0 0 114 2000 Maori Gully (2) 0 0 6 200 Broken Hill South (2) 1 9 11 300 Mount Lyell . (2) 1 7 2 1 6 11 200 North Broken Hill (cum div.) ’ (2) 2 6 0 100 Wellington Alluvials 0 5 2 100 Goldsbrough, Mort .. 1 6 8 Sales Reported £600 Hamilton Borough, 4} per cent. (1/7/51) .. 101 10 0 50 National Bank of N.Z. 2 12 6 150 Bank of New Zealand 2 2 0 100 Electro. Zinc (pf.) (2) 2 4 8 900 Maori Gully 0 0 6

Buyers. Sellers. £ 8. d. £ s. a. 3 p.C. Ins., 1941 — 98 5 0 3i p.c. Ins., 15/9/39-43 — 98 10 0 34 p.c. Ins., 1938-52 •. 4 p.c. Ins., 1943-46 99 12 6 100 100 15 5 0 0 4 p.c. Ins.. 1949 100 12 6 101 0 0 4 p.c. Ins., 1955 100 2 6 4 p.o. Bonds, 1949 100 12 6 *— 4 p.c. Bonds, 1955 100 2 6 Other Debentures Waitemata Power Bd„ 96 3J p.c., 1/11/60 .. — 0 0 Waitemata Power Bd.. 104 4J p.c., 1/12/64 Banks Peninsula Power — 0 0 102 10 Board, 41 p.c., 1/4/65 Booth, Macdonald, 5 — 0 72 p.c.. 1/6/47 68 10 0 0 0 Banks A’asla. (cum div., £5) 10 5 0 — 9 Comm.. of Aust. (10s) 0 15 6 0 15 Comm, of Aust, (pref.. ,9 £10) 5 0 _ Comm, of Sydney (£12 20 0 10s paid) — 9 0 E„ S., and A. (£3 pd.) s 3 5 4 0 Natl, of N.Z. (£2 10s 12 paid) 2 4 SO — N.S.W. (£20) — 10 5 0 New Zealand (£1) 2 1 2 2 1 Union of Aust. (£5 paid) 8 5 0 — Insurance National (7s paid) .. 0 15 9 0 16 5 New Zealand (£1) — 2 16 0 South British (10s) — 2 4 3 Standard (£1 paid) .. — 2 15 0 Loan and Agency Dalgety and Co. (£5 8 paid). — 6 1 0 Goldsbrough, M. (£1) 1 6 1 6 9 Mutual Benefit (£ 10) — 13 10 0 N.Z. Guar. Corpn. (3s) 0 4 1 0 4 3 Perm. Invest. (£10) — 10 0 0 United Bldg, (cum div.,' £1) 1 0 0 — Wright, • Stephenson (cum div., pf., £1) .. — 1 1 0 Shipping New Zealand (£10) .. 11 10 0 — . Frozen Meat Cantby. (£7 10s paid) 9 7 6 10 Cantby. (pref., £5) .. 6 0 N.Z. Refrig. (£1 paid) — 9 0 17 9 N.Z. Hefrlg. (10s paid) 0 7 0 8 0 Woollens Felt and Textiles (£1) 1 11 9 Kaiapoi (17s paid, ex div.) 0 8 0 0 11 0 Kaiapoi (pf., ex div.. 17s) 0 16 0 Coal Grey Valley (£1) 0 7 0 0 10 9 Westport (10s) . 1 4 6 Westport-Stockton (10s) 0 3 0 0 4 5 Westport-Stockton (pf.. 10s) 0 6 0 Gas Auckland (£1) — 1 0 2 Breweries - Crown (In Hqdn.) ,. 0 1 0 Dominion (£1) 1 10 1 1 10 6 New Zealand (•£!) 1 19 6 2 0 0 Tlmaru (In liqdn.) .. 0 0 10 0 1 3 Tooths (£ 1) .. 2 12 1 2 12 6 Miscellaneous Alloy Steel (N.Z.), (£1) 1 1 0 Alloy Steel (Aust.) (£1) 0 6 6 0 12 9 Amalg. Wireless (17s paid) .. 2 18 0

Buyers. Sellers- £ sd. £ s. d. Aust. Glass (£1) 4 10 0 Aust. Iron and Steel 9 (pref., £1) .. — 1 7 Booth' Macdonald (pf.. £1) 0 1 8 0 2 1 British Tobacco (cum 6 10 div., £1) 2 6 2 2 Broken Hill Pty. (£1) 2 15 7 2 15 8 Broken Hill Pty. (con., 18 10s paid) 1 17 6 1 0 Burns, Philp (£1) .. 2 9 6 48 Colonial Sugar (£20) 46 0 0 15 0 Consolid. Brick (£1) .. 0 7 0 Cox Bros, (cum div., ex 12 11 rights) 0 Dom. Builders (10s) 0 a 6 0 3 0 Dom. Fertiliser (£1) .. — K 4 0 Donaghy Rope (£1) .. 2 3 0 2 8 6 D.I.C. (pref., £1) — 1 4 0 Dunlop Rubber , (cum 6 div., £1) 1 0 4 1 0 Electro. Zinc, (£1) .. — 2 0 3 Electro. Zinc (pref.. 9 £1) 2 4 8 2 4 Evans Atlas Flour (10s) 0 19 0 3 — G. J. Coles (£1) 3 16 11 17 1 Gordon & Gotch (£1) — 2 14 6 Hay’s. Ltd. (con., 15s 18 paid) — 0 0 Hume Pipe (Aust.), 0 (cum div., £1) Kauri Timber (25s) .. 1 0 — 1 2 6 Mason, Struthers (14s 12 9 paid) — 0 Mason, Struthers (10s 8 paid) — 0 0 l.C.l. (Aust. and N.Z.), 9 (pref., £1) .. 1 1 5 1 1 Meggitts 1 12 6 1 16 6 Milburn Lime (£1) 1 14 3 — Morris Hedstrom (£1) 1 17 0 3 — McKenzies, Ltd. (£1) .. — 4 0 N.Z. Drug Co. (£2) .. 3 8 6 — N.Z. Farmers’ Co-op. 10 (£2 10s paid) N.Z. Farmers’ Co-op. — 0 0 (10s paid) — 0 0 1 N.Z. Farmers’ Co-op. (1st pref., £5) N.Z. Farmers’ Co-op. 3 T 6 — (A pref., £4) N.Z. Farmers’ Co-op. — 2 0 0 (4J p.c. Stock, 1950, £100) 90 0 0 — N.Z. Farm. Fert. (£1) 0 16 0 1 0 0 N.Z. Newspapers (16/8) 1 14 0 1 15 0 Quill. Morris (1936) (£1) — 1 0 0 South Island Finance (10s paid) — 0 8 6 Taranaki Oil. (24/7 pd.) 0 12 4 0 12 5 United Provisions (cum div., £1) — 0 8 - 0 Whitcombe and Tombs (£5) — 3 3 6 Wilcox, Mofflln (11s) — 0 6 0 Wool worths (Sydney) (ord., 5s) 1 0 2 I 0 4 Woolworths (N.Z.) (5s) 0 17 6 0 18 10 Woolworths (N.Z.) (pref., cum div., £1) — 2 0 0 W. R. Carpenter 2 4 S — Overseas Listing Woolworths (S.A.) (5s) 0 14 9 0 15 0 Mining Argo (ex div., Is) .. 0 2 0 Argo (contr.. Is) 0 1 s 0 1 8 Big River (Is) 0 1 3 Austral (N.Z.) (£1) — 1 1 0 Gillespie’s Beach (Is) 0 0 101 0 1 0 Golden Dawn (5s) — 0 2 0 Goldfields Dredg. (Is) — 0 0 3 Golden Sands (Is) 0 1 6 Grey River (10s) 0 13 6 7i Maori Gully (Is) 0 0 6 0 0 Martha (cum div., Ss) 0 10 6 — 91 Moonlight Gold. (8d) 0 0 4 0 0 New River (Is) 0 0 6 0 0 8 Nokomai (5s) — 0 1 8 Skippers, Ltd. (Is) .. —• 0 0 1 Skippers (pref.. Is) .. — 0 0 6 Waihl Invest. (5s) .. 0 . 8 6 0 9 6 Waihl Grd. Junct. (2s) — 0 3 2 Worksop Extend. (Is) 0 0 10 0 1 1 Australian Mining Broken Hill Sth. (5s) 1 9 4 1 9 9 Mount Lyell (£1) 1 8 10 1 6 11 Mount Morgan (2s 6d) 0 10 10 0 10 11 Mount Morgan (pref.. £1) 1 1 1 Nth. Broken Hill (cum 2 div., 5s) 2 8 2 9 8 Placer Developments (1 dol.) 3 18 6 4 9 0 Rawang Tin (cum , div., 10s) .. 0 7 7 0 8 1 Wellington Alluvials 0 5 0

£ s. d. e s. d. A.P.A. 0 8 9 Assoc. Motorists Petrol (pref.) 1 S 0 —— Ballins Breweries 0 10 6 — Blackball Creek 0 0 11 0 1 2 Kapieri • 1 5 0 Ngahere .. 0 10 0 0 14 0 N.Z. Perpetual Forests 1 14 3 1 18 0 -Putaruru Pine and Pulp — 25 0 0 N.Z. Mining Invest. .. — 0 0 1} Reece. Ltd., E. (pref.) 0 3 0 0 3 4 Selfridges (N.Z.) (con.) — 0 8 0 TIngey, R. and E. 1 2 0 Wellington Mortgages — 0 12 6 Woolworths (W.A.) .. 4 5 8 Woolworths Properties 0 13 10 0 14 2

Sales on ’Change d. £ 5 4 d.c. Ins. Stock, 1952-55 100 5 0 34 d.c. Ins. Stock. 1938-52 100 0 0 Amalgamated Brick (Wgtn.), 6 99 p.c., 1944 Auckland Harbour Board, 41 5 0 p.c., 1949 100 15 0 N.Z. Insurance .. (2) 2 14 6 Dominion Breweries (new, fully paid) 0 9 0 Alloy Steel (Aust.) 0 7 3 Broken Hill Pty. .. 2 15 6 2 15 8 2 15 9 Electrolytic Zinc .. .. 1 19 9 Electrolytic Zinc (pref.) 2 b 0 N.Z. Newspapers Peters Ice (N.Z.) 1 1 14 2 6 0 Woolworths (Sydney.) (2) 1 0 3 Broken Hill South 1 9 9 Loloma .. 1 3 54 Mount Morgan (pref.) 1 0 9 Overseas List Woolworths Holdings (S.A.) .. 0 14 11 WELLINGTON Sales on 'Change d. £ s. 34 p.c. Ins. Stock, 1943 98 7 6 34 p.c. Ins. Stock, 1938-52 100 0 0 Kauri Timber 1 2 6 Taranaki Oil 0 12 2 (All above late Wednesday) 34 p.c. Ins. Stock, 1943 (2) 98 7 6 Bank of New Zealand 2 2 2 Broken Hill Pty. 2 15 9 Electrolytic Zinc (pref.) 2 4 10 Taranaki Oil 0 12 5 DUNEDIN Sales Reported * £ s. d. 34 p.c. Ins. Stock, 1938-52 100 0 0 N.Z. Breweries 2 0 0 Mount Morgan (pref.) 1 0 9 1 1 0 North Broken Hill .. .. 2 6 0 —

Morning Sales £ 5 d. Bank of New South Wales 30 2 6 Anthony Hordern. 0 16 0 Cash Orders 0 15 0 Tooths ... 2 12 9 Electrolytic Zinc 2 0 0 Afternoon Sales Bank of New South Wales £ 30 s. 5 d. 0 Commercial Bank of Sydney 20 3 0 Union Bank 8 10 0 Colonial Sugar 46 10 0 Associated Newspapers 1 0 4 Tooths 2 13 0 Australian Glass 4 12 0 Dunlop Perdriau 1 0 *1 Goldsbrough, Mort 1 7 0 Fairymeafl Sugar 1 11 10 W. .Adams .. M 0 13 6

(MIT1SB OFFICIAL WIBELBSa.) ‘ RUGBY. September '21. Paris, fr. to £1 Par. Sept. 20. Sept. 21. 170 178 21-64 1782 New York, dol. to £1 4.866 4.82 3-16 4.82 5-16 Montreal, dol. to £1 4.866 4.84J Brussels, belgas to £1 Geneva, 35 28.594 28.5^2 fr. to £1 25.22X5 21.281 21.282 Amsterdam. fl. to £1 12.107 8.92 3-16 8.92 3-16 Milan, lire to £1 92.43 9111-16 912 Berlin, reichmarken to £1 20.43 12.06 12.06 Copenhagen, kr. to £ 1 18.159 22.40 22.40 Stockholm. kr. to £1 18.159 19.40 19.40 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 Prague, kr. to £1 154.25 139] 140 Helsingfors. marks to £1 193.23 226} 226} Madrid, pesetas to £ 1 25.2215 Lisbon, escudqs to £1 110 110 3-16 110 3-16 Athens, drach to £1 375 547} 5472 Bucharest, lei to £1818.60 665 665 Belgrade, dinars 376.3 214 213 Kio de Janeiro, pence to milreis ... 4.90 2 15-16 2 15-16 Buenos Aires, pence to dol. 51 19.01} 19.012 Montevideo, pence to peso .20 20 Bombay, pence to rupee 17 29-32 17 29-32 Shanghai, pence to rupee 8} 8} Hong Kong, pence to yen 15 IS Yokohama. .pence to yen 24.58 14 14 Batavia. guilders 12.107 8.902 8.922 Warsaw, par zlotys to £ 1 43.38 26.31 26.31 •Determined by price of silver.

N.Z. on London— £N.Z.to £100 stg. T.T. 124 124/10/O.D. 123/11/3 124/9/6 Australia— £ A. to £100 N.Z. T.T. 100/17/6 100/5/O.D. 100/17/6 100/5/Fill— £F. to £100 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 3.9071 3.8730 O.D. 3.9121 3.8740 Montreal— Dol. to £1 N.Z. T.T. 3.9258 3.8984 O.D. 3.9345 3.8944 Belgium— Belgas to £1 N.Z. T.T. 23.174 22.864 O.D. 23.249 22.869 Czechoslovakia— Korunas to £1 NJ5. T.T. — 110.95 O.D. — 110.97 Denmark— Kroner to £ 1 N.Z. T.T. 18.203 17.893 O.D. 18 £63 17.895 Finland— Marks to £1 N.Z. T.T. 185.40 179.60 O.D, 185.80 179.70 France— Francs to £1 N.Z. T.T. — 142,29 O.D. — 142.31 Germany— Relchmarks to £1 N.Z. T.T. — 9.610 O.D. — 9.618 Greece— Drachmae to £1 N.Z. T.T. — 430.75 O.D. — 430.90 Holland— Florins to £1 N.Z. T.T. 7.271 7.121 O.D. 7.311 7.123 Italy— Lire to £1 N.Z. T.T. — 73.463 O.D. — 73.488 Java— Fiorina to £1 N.Z. T.T. 7£51 7.101 09. 7.291 7.103 Norway— Kroner to £1 N.Z. T.T. 16.182 15.892 O.D. 16.242 15 £95 Noumea— Francs to £ 1 N.Z. T.T. — 140.54 O.D. — 140.58 Papeete— Francs to £1 N.Z. T.T. — 140.69 O.D. — 140.73 - Sweden— Kronor to £1N.E. T.T. 15.785 15.490 O.D. 15 £45 15.498 Switzerland— Francs to £1 N.Z. T.T. 17.279 17.009 O.D. 17.384 17.011 Chcfoo—■ N.Z. pence to dol. T.T. — O.D. — 121 Hong Kong— N.Z. pence to dol. T.T. 18 29-64 18 53-64 O.D. 18 27-64 18 53-64 India and Ceylon— N.Z. pence to rup. T.T. 221 2213-32 O.D. 22 3-32 2213-32 Japan— N.Z. pence to yen T.T. — 17 9-16 O.D. — 179-16 Manila— N.Z. pence to peso T.T. 30 15-32 311 O.D. 30| 311 Shanghai— N.Z. pence to dol T.T. Not quoted O.D. Not quoted Singapore— N.Z. pence to dol. T.T. 34 13-32 34 57-64 O.D. 34 5-16 34 57-64

Electrolytic Zinc .. .. 1 1« H Mount Morgan (N.Z. delivery) 0 10 11 Broken Hill Pty. 2 lt> 0 Zinc Corporation ... 4 9 U Placer Development .. 3 18 6 Emperor Gold 0 12 8 Oil Search .. .. 0 8 S Taranaki Oil 0 12 2

Sales C s. d. National Bank (£10 paid) 13 10 0 Carlton Brewery 3 2 9 Dunlop Perdrlau 1 0 6 Imperial Chemicals (pre£.) 1 1 8 Electrolytic Zinc 1 19 9 Electrolytic Zinc (pref.) 2 5 0 Broken Hill Pty. .. 3 IS 8 Emperor Gold 0 12 6 Loloma .. 1 .3 3

Quotations: — Buyers. Sellers. £ s. d. £ s. d. Clutha River .. 0 16 0 19 Molyneux River .. 0 0 7} 0 0 10}

Selling— U.S.A. Canada. (Per £1 N.Z.) Dol. Dol. T.T. • • .. 3.86 7-16 3.88 7-18 O.D. Buying— •• .. 3.86} 3.88} T.T. V ## .. 350 7-16 3.92 7-18 O.D. •• .. 3.913-16 3.93 7-16 GOLD AND SILVER prices