THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22523, 4 October 1938, Page 13

THE STOCK EXCHANGES

DEALINGS COMPLETED

Government and Banks New Zealand Government 4 per cent, stock, due 1946, changed hands at par. Buyers of the 1949 bonds raised their bids to £lOl 2s 6d without attracting sellers. E., S., and A. Banks had business at £5 4s, and more were offered at £5 3s 6d. Buyers of Commercial Bank of Australia raised their bids to 15s lOd, but sellers wanted UJs. Bank of New Zealand were firm, with sellers and dealings at 42s 6d, buyers at 42s 3d. Felt and textiles were firmer on buyers' offers, 31s. Buyers of Tooths Brewery moved up to 53s 3d, but sellers were reticent. Miscellaneous Australian Glass were firmer, with buyers at 91s 6d. British Tobaccos rose to 47s 6d, and" more were wanted at that price. Broken Hill Proprietary had dealings at 56s 6d, 56s Bd, 56s Id, and 56s 2d. Buyers of Dunlop Rubber raised their bids to 20s 3d. Electrolytic Zinc were stronger at 41s, sellers staying in at that price, buyers at 40s lid. The preference advanced to 465, and more were wanted at 46s Id. sellers at 46s 6d. G. J. Coles were firmer, with dealings at prices ranging from 77s 9d to 77s 2d, closing quotations 77s buyers, 77s 3d sellers. Taranaki Oilfields were firmer at 13s, 13s 3d, and 13s 4d, market closing 13s 3d buyers, 13s 4d sellers. Woolworths were stronger, with buyers and dealings at 21s 3d. Mining 1 Broken Hill South had business at 30s, and more were offered at that price. Mount Morgans were firmer at 10s IOJd, 10s lid, and lis, and there were further buyers at the highest price, sellers at lis id. North Broken Hill were weaker, with sellers at 44s lOd, buyers at 44s 3d. Mount Lyells moved up to 27s 3d.

UNLISTED STOCKS

LATEST QUOTATIONS

MODERATE LOCAL TURNOVER PRICES FIRM TO BETTER

Turnover on the Christchurch Stock Exchange yesterdaywas moderate. Most of the dealings took place on the afternoon call, and prices on the whole were firm to better. There was a stronger demand for Government loans.

Wilson's Cement .. .. 0 16 7 Woolworths (N.Z.), Ltd. (ord.) (2) 019 0 National Bank of N.Z. .. 2 12 9 Unofficial List Woolworths Properties (10s pd.) 013 10 DUN^DIN Sales Reported £ s. d. 3J p.c. Govt. Bonds, 1953-57 .. 93 0 0 Broken HiU Pty. .. (2) 2 16 6 After CaU G. J. Coles .. .. .. S 17, 6

MELBOURNE Features of trading on the Melbourne Stock Exchange yesterday were the strong market in bonds and a greater interest jn bank stocks, but the other leading industrials were inclined to steady. Barriers were faifly quiet. Sales Coram. Bank of Australia .. 0 16 6

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:— U.S.A. Canada. (Per £1 N.Z.) dol. dol.

LISTED STOCKS Sales on 'Change 20 E., S., and A. Bank .. £ s. 5 4 d. 0 100 Bank of N.Z. (2) 2 2 6 100 British Tobacco 2 7 6 250 Broken Hill Pty. .. 2 16 6 (2) 2 16 1 2 16 2 100 Electro. Zinc. 2 1 0 50 Electro. Zinc (pf.) 2 6 0 230 G. J. Coles 3 17 6 3 17 9 3 17 4 3 17 2 3 17 3 400 Taranaki Oilfields .. 0 13 0 (2) 0 13 3 0 13« 4 400 Wool-worths (Syd., ord., cum div.) (4) 1 1 3 100 Broken Hill South .. 1 10 0 50 Mount Lyell 1 7 3 700 Mount Morgan ~ 0 10 10J (5) 0 10 11 0 11 0 Sales Reported £3100 N.Z. Govt., 4 p.c., Ins., 1943-46 • .. 100 0 0 50 Broken Hill Pty, 2 16 8

1 N.Z. Govt. De benturc s BUyers. Seller s. £ s. d. £ s. a. 3 p.c. Ins., 1941 — 98 0 0 3i p.c. Ins., 15/9/39-43 98 0 0 — 3i p.c. Ins., 1938-52 .. 99 10 0 — 31 p.c. Ins., 1953-57 .. 92 15 0 — 4 p.c. Ins., 1943-46 99 15 0 — 4 p.c. Ins., 1949 101 0 0 — 4 p.c. Ins., 1955 4 p.c. Bonds, 1946 100 5 0 — 100 0 0 100 5 0 4 p.c. Bonds. 1949 101 2 6 — 4 p.c. Bonds, 1955 100 5 0 — Other Debentures Christchurch Trams, 4J p.c. 1/2/61 .. — 103 0 0 Waitemata Power, 44 p.c, 1/12/64 .. — L03 15,. 0 Booth, Macdonald, 5 p.c, 1/6/47 .. 69 5 0 — Gisborne Sheep, 6J p.c. 31/8/41 ... 101 0 0 — N.Z. Refrig., 4i p.c, 1/8/40-45 .. .. 99 0 0 —• Dominion Fertiliser, 7J p.c, 1/2/41 .. 102 0 0 ~~ Banks Australasia (ex div.. £5) 9 15 0 10 -3 0 Comm. of Aust. (10s) 0 15 10 0 16 0 Comm. of Sydney (£12 10s paid) — 20 5 0 E., S., and A. (£3 pd.) 3 3 0 5 3 6 National of N.Z. (£2 10s paid) .- .. 2 12 3 — New South Wales (£20) 30 0 0 — New Zealand (£1) 2 2 3 2 2 6 Insurance National (7s paid) 0 15 7 0 16 6 Standard (£1) — 2 15 0 Loan and Agency Dalgety and Co. (£5 paid) Goldsbrough Mort (£1) 7 15 0 1 7 9 0 Mutual Benefit (£10) .. — 13 10 N.Z. Guarantee. Corpn. (cum div., 3s) .. — 0 4 4 Perm. Investment (£10) — 10 0 0 United Building (ex div., £1) 1 0 0 1 1 3 Frozen Meat Cantby. (£7 10s paid) .. Gear (10s) .. .. N.Z. Refrig. (£1 paid) 9 7 6 6 14 6 0 17 11 N.Z. Refrig. (10s paid) 0 7 6 0 8 " North Cant. Freezing (pref., £1) •• Southland (£1) 0 16 .1 9 0 6 0 18 1 10 0 9 Woollens Felt and Textiles (£1) 1 11 0 1 13 3 Kaiapoi (17s paid) .. 0 8 9 Coal Grey Valley (£1) — 0 10 9 Westport-Stockton (10s) 0 3 0 0 4 3 Westport-Stockton (pf., 10s) 0 6 0 Gas Christchurch (£1) — 1 7 3

Breweri es Buyers. Sellers. £ s. d. £ s. d. Dominion (£1) 1 9 0 — New Zealand (£1) 2 0 4 — Queensland (£1) .. — 16 6 Swan (5s) 1 6 3 18 0 Timaru (in liqdn.) .. 0 0 9 — Tooheys (lGs) — 1 13 6 Tooths (£1) .. 2 13 3 — Melbourne Co-op. 2 12 6 2 16 0 Miscellaneous Alloy Steel (N.Z.) (£1) 1 1 3 13 3 Anthony Hordern (£1) 0 15 6 0 16 3 Aust. Glass (£1) 4 11 6 4 13 0 Aust. Glass (pref., £1) 2 0 0 — Beath and Co. (cum div., £1) 0 19 0 — Berlei (N.Z.) (£1) 3 0 0 3 10 0 Booth, Macdonald (pf.. £1) — 0 2 2 British Tobacco (£1) .. 2 7 6 2 7 8 Broken Hill Pty. (£1) 2 16 2 2 16 3 Broken Hill Pty. (con., 10s paid) 1 16 6 1 18 3 Colonial Sugar (£20) .. 45 5 0 49 0 0 Dom. Fertiliser (£1) .. — 14 0 Donaghy Rope (£1) .. 2 2 6 2 7 0 D.I.C. (10s paid) 0.13 9 0 15 3 D.I.C. (pref., £1) — 14 0 Dunlop Rubber (ex div., £1) 1 0 3 10 8 Electro. Zinc (ord., £1) 2 0 11 2 10 Electro. Zinc (pf., £1) 2 6 1 2 6 6 Evans Atlas Flour (10s) 0 19 0 — G. J. Coles (£1) 3 17 0 3 17 3 Gordon and Gotch (£1) — 2 14 6 Hay's, Ltd. (con., 15s paid) — 0 18 6 Howard Smith (£1) .. 0 17 0 10 0 Hume Pipe (Aust.) (ex div., £1) — 0 19 6 Mc'Kenzies, Ltd. (£1) .. 3 0 0 —. N.Z. Drug Co. (£2) .. .3 7 6 — N.Z. Farmers' Co-op. (A pref., £4) — 2 0 0 N.Z. Farmers' Co-op. (4 J p.c. Stock, 1950, £100) 91 0 0 — N.Z. Farmers' Co-op. (4J p.c. Stock, 1955. £100) 91 0 0 — South Island Finance (£1) — 0 8 9 Taranakl Oil. (24/7 pd.) 0 13 3 0 13 4 United Provisions (cum div., £1) 0 7 9 • — Wilcox, Mofflin (lis) .. — 0 6 2 Wilson's Cement (10s) 0 16 3 0 18 6 Woolworths (Sydney) (ord., cum div., 5s) .. 1 1 3 114 Woolworths (Victoria) (pref., £1) .. — 1 10 0 Woolworths (N.Z.) (5s) 0 18 6 0 19 0 Woolworths (N.Z.) (pref., cum div., £1) — 2 0 0 Overseas Listing Woolworths (S.A.) (5s) — 0 15 3 Mining Alexander (Is) 0 7 6 — Argo (Is) — 0 1 11 Argo (con.. Is) 0 1 i 0 18 Big River (Is) — 0 13 Austral-N.Z. (£1) — 110 Gillespie's Beach (Is) — 0 1 0J Golden Point (6d) .. — 0 0 0-1 Golden Sands (Is) .. — . 0 16 Goldfields Dredg. (Is) — 0 0 4 Grey River (10s) 0 13 6 — Maori Gully (Is) 0 0 4J — Martha (cum div., 5s) 0 10 9 — Moonlight Gold. (8d) 0 0 4! 0 0 55 Mossy Creek (Is) — 0 12 Nemona (Is) 0 13 0 15 New River (Is) /0 0 7J 0 0 9 Skippers, Ltd. (Is) — 0 0 1 Skippers, Ltd.-(pf.. Is) — 0 0 5J Waihi Invest. (5s) 0 8 0 Worksop Extend. (Is) 0 0 10 0 1 0i Australian Mining Broken Hill S. (5s) .. 19 9 1 10 0 Mount Lyell (£1) 16 9 17 2 Mount Morgan (2s 6d) 0 11 0 0 11 1 Mt. Morgan (pf., £1) 10 9 112 Nth. Broken Hill (5s) 2 4 3 2 4 10 Rawang Tin (10s) 0 7 6 — Wellington Alluvials — 0 5 3

All transactions in stocks quoted in this section are subject to special brokerage and are not quoted on the official listBuyers. Sellers. £ s. d. £ s. d. Ballins Breweries .. 0 10 3 0 11 6 Blackball Creek .. — 0 1 3 Coulls, Somerville .. 0 14 0 0 17 6 Kanieri .. • .. — 1 5 0 N.Z. Mining Invest. .. — 0 0 2 N.Z. Perp. Forests .. 1 14 7 1 18 0 Selfridges (N.Z.) .. — 0 16 0 Selfridges (N.Z.) (can.)., — 0 10 0 Rink Taxis .. .. — 0 5 0 Woolworths Properties 0 13 9 0 14 2 AUCKLAND Sales on 'Change - £ s. d. 3* p.c. Ins. Stock, 1953-58 93 0 0 4 p.c. Ins. Stock, 1943-46 100 0 0 Bank of New Zealand 2 2 9 N.Z. . Insurance 2 14 0 South British (2) 2 5 3 Farmers' Auct. (£5) 4 5 0 N.Z. Breweries' 2 0 3 Broken Hill Pty. (2) 2 16 2 16 2 16 9 g 3 2 16 6 2 15 9 Electro. Zinc (pref.) .. 2 7 0 Gear Meat 0 14 0 G. J. Coles .. (4) 3 18 0 K.D.V. Boxes (con.) ... 0 4 0 Morts Dock 0 12 0 Moturoa Oil . 0 5 0 0 5 1 Taranaki Oil 0 13 1 Wilson's Cement 0 16 7 Woolworths (N.Z.) 0 19 9 Martha . (2) 0 11 0 North Broken Hill 2 5 9 WELLINGTON Sales on 'Chang e £ S. {} 3| p.c. Ins. Stock, 1953-57 93 o' 0 N.Z. Breweries .. 2 0 0 2 0 3 British Tobacco 2 7 3 Electrolytic Zinc (ord.) 2 1 3 G. J. Coles 3 17 6 Taranaki Oil 0 13 1 3J p.c. Ins. Stock, 1953-57 93 0 0 (All above late Saturday) 3| p.c. Ins. Stock, 1938-52 100 0 0 Bank of New Zealand (2) 2 2 9 National Bank of A/asia. (£10 paid) 13 10 0 N.Z. Breweries 2 0 6 Broken Hill Pty. 2 16 2 16 2 17 9 4 0 (2) 2 16 3 G. J. Coles .. .. (2) 3 18 0 3 17 9 3 17 6 Moturoa Oil 0 5 0 Taranaki Oil .. (3) 0 13 1

National (£5 paid) „ 6 11 0 National (£10 paid) .. 13 9 0 Huddart-Parker .. 2 6 3 British Tobacco 2 7 3 G. J. Coles 3 17 6 Dunlop Perdriau 1 0 11 Felt and Textiles ■ .. 1 12 3 Herald and Weekly Times 2 18 6 Imperial Chemicals (pref.) 118 Imperial Chemicals (10s pa id) 0 11 4 Australian Foundation Investment Trust 0 5 0 Electrolytic Zinc 2 19 Electrolytic Zinc (pref.) 2 6 9 Mount Morgan 0 11 2 Mount Lyell .. 17 6 B:-oken Hill Pty. 2 16 9 Emperor. Gold 0 12 7 Loloma 1 4 3 The Sydney Stock Exchanse "was closed yesterday for the holiday. Labour Day

FOREIGN EXCHANGES The Bank of New South Wale s quoted erday:— the following exchange rates yest N.Z. on Buying. Selling. London— £N.Z. to £100 stg T.T. 124 124/10/Australia— O.D. 123/11/3 124/9/6 £A. to £100 N.Z T.T. 100/17/C 100/5A Fiji— O.D. 100/17/6 ,100/5/£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. 3.9005 3.8615 Montreal— O.D. 3.9055 3.8625 Dol. to £1 N.Z. T.T. 3.9233 3.8809 O.D. 3.9320 3.8819 Belgium— Belgas to £1 N.Z. T.T. 23.141 22.791 O.D. 23.216 22.796 Czechoslovakia— Korunas to £1 N.Z. T.T. — 111.53 O.D. — 111.55 Denmark— Kroner to £1 N.Z. T.T. 18.228 17.868 O.D. 18.288 17.870 Finland— Marks to £1 N.Z. T.T. 185.72 179.32 O.D. 186.12 179.42 France— Francs to £1 N.Z. T.T. 145.78 142.28 O.D. — 142.30 Germany— Reichmarks to £1 N.Z. T.T. — 8.494 O.D. — 8.496 GreeceDrachmae to £1 N.Z. T.T. — 429.55 O.D. — 429.70 HollandFlorins to £1 N.Z. T.T. 7.199 7.059 O.D. 7.239 7.061 ItalyLire to £1 N.Z. T.T. — 73.339 O.D. — 73.364 Java— Florins to £1 N.Z. T.T. 7.225 7.055 O.D. 7.265 7.057 Norway— Kroner to £1 N.Z. T.T. 16.191 15.881 O.D. 16.251 15.884 Noumea— Francs to £1 N.Z. T.T. 149.88 139.23 O.D. — 139.27 Papeete— Francs to £1 N.Z. T.T. 149.18 139.48 OJ3. — 139.52 Sweden— Kronor to £1 N.Z. T.T. 15.820 15.475 O.D. 15.880 15.478 Switzerland— Francs to £1 N.Z. T.T. 17.218 16.878 O.D. 17.323 16.880 Cheefoo— N.Z. pence to dol. T.T. — 12& O.D. — 12k Hong Kong— N.Z. pence to dol. T.T. 18 21-64 18 61-64 O.D. 18 19-64 18 61-64 India and Ceylon— N.Z. pence to rup. T.T. 22 3-64 22 31-64 O.D. 22 1-64 22 31-64 Japan— N.Z. pence to yen T.T. — 171 O.D. — 171 Manila— N.Z. pence to peso T.T. 30 5-32 31 5-32 O.D. 30 1-16 31 5-32 Shanghai— N.Z. pence to dol. T.T. — 111 O.D. — "i Singapore— N.Z. pence to dol. T.T. 34 17-64 35 O.D. 34 11-64 35 ASSOCIATED BANKS* DOLLAR RATES

Selling— T.T. .. 3.85 J 3.88 3-16 O.D. .. 3.85 15-16 3.88 7-16 Buying— T.T. .. 3.891 3.91 5-16 O.D. . . 3.901 3.934