FINANCIAL

Manawatu Standard, Volume LVIII, Issue 50, 27 January 1938, Page 6

FINANCIAL

WELLINGTON STOCK EXCHANGE.

QUIET TONE CONTINUES.

The Wellington investment market continues quiet, with only a small turnover. Bank of Now Zealand shares were easier yesterday, with sales at 43s lOd, and no further buyers in the market. Mount Lyell also wore weak, while buyers of Mount Morgan reduced their offers Id to 9s sd, with no sellers in the market. YESTERDAY’S QUOTATIONS. The latest buying ana selling quotations recorded yesterday on the Wellington Stock Exchange were as follow: • ' Buvers. Sellers. N.Z. GOVT. LOANS— £ s. d. £ s. d.

BANKS—- . Australasia 10 14 0 10 17 0 ' Coinrcl. of Aust., ord. *0 17 0 National of Australasia, £lO paid 14 5 0 14 13 6 New South Wales ... *33 10 0 New Zealand —2 3 10 Ditto, D long term ... 1 9 6 Union of Aust. ......... *9 16 0 FINANCIAL — Dalgetv and Co 8 5 0 Equitable Bdg. Co. ... 0 9 9

'Cun. uivitlciid. YESTERDAY’S SALES. Wellington.—loo N.Z. Farmers’ Fertiliser, *lßs 4£d; 300 Woolwor(li3 (N.Z.), Ltd., ord. (2), *£l 03 6d; 75 Bank of New Zealand, £2 3s lOd; 50, £2 3s 9d; 200 N.Z. Refrig., 10s paid, 9s 2d; 450 Jluddart, Parker, pref., £1 8s 3d; 50 Carlton Brewery, £3 5s 9d ; 100 Burns, 'Phitp and Co., £2 17s; 20 Colonial Sugar (2), +£46 12s 6d; 200 Wilson’s Cemont, 18s 4d; 125 Woohvorths, Ltd., 2nd pref., £1 9s; 50 Broken Hill South, £1 15s. *Late sale Tuesday. tßeportod after last call. Auckland. —Govt. Bonds, 4 p.c., 1943-46, £lO3 ss; Inscr. Stock, 4 p.c., 1946-49, £lO3 ss; Gisborne Shecpfarmers, 6£ p.c., 1941, £lO2 10s; Bank of New Zealand, £2 3s 9d; Abraham and Williams, £4; Auckland Gas. con., 15s Id; Northern Steam, 4s 6d: Australian Glass, £4 13s 6d: Farmers’ Trading, £1; Grey and Menzies, 15s; Reid (N.Z.), Rubber, rights, 11s; Mount Morgan, 9s 8d; Waihi Grand Junction, 3s o£d. Christchurch. —N.Z. Breweries. £2 6s 9d, £2 6s 8d; British Tobacco (2). £2 9s: Broken Hill Pty., £3 2s 6d, £3 2s 7d, (4) £3 2s 3d ; Consolidated Brick, 7s 3d ; Electro. Zinc, pref., £2 Us 3d; G. J. Coles, £4 3s 7d; Woolworths (Svd.) (2), £1 5s 7d; Broken Hill South, £l 15s 6d ; Mount Morgan (2). 9s 7d. (5) 9s 7£d, (5) 9s 7d; North Broken Hill, £2 14s 9d. Sales imported : N.Z. Rcfrig., 10s paid, 9s 3d; Auckland Oils con., 15s Id; N.Z. Breweries, £2 6s 9d ; Evans Atlas Flour. 19s 6d ; N.Z. Farmers’ Fertiliser. 19s; Woolworths (N.Z.), £1 0s lOd; Woohvirths (Syd.), £1 5s 7d. Dunedin.—D.l.C., pref. (2), £1 4s: Broken Hill South, £1 15s 3d.

FOREIGN' EXCHANGES. POSITION OF STERLING. LONDON, Jan. 25. Tlie followin'? mean closing rates on foreign exchanges were current to-day

ON NEIF ZEALAND CURRENCY , BASIS. Tho Bank of New South Wales, Wellington* quoted the following rates for their purchases and sales of foreign exchange yesterday— New Zealand. , Buying. Sclllhg. on London — £N.Z. to stg.loo ... T.T. 124 124/10/0 ■ O.D. 123/10/0 124/8/9 Australia—- £ A to £N.Z. • 100 T.T. 101 100/10/0 O.D. 101 * 100/10/0 Fiji—£F to £N.Z. 100 T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dollars to £ N Z T.T. 4.0400 4.0061 O.D. 4.0500 4.0101 Montreal — Dollars to £ N. T.T. 4.0396 4.0071 O.D. 4.0616 4.0111 France — Francs to £ N Z T-T.. O.D. llnlig Xiang— N.Z. pence lo 1 dollar .. T..T. 18 29 64 1853-64 O.D. 18 27,64 18 53-64 Japan— N.Z. ponce to yen I -T. —l7 A O.D. Shanghai— N.Z. pence to dollar ... T.T. O.D. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand ctifreiicy basis. They are subject to alteration Without notices: U.S.A. Canadian Dal. (Fer Dol. (Per Selling- £1 N.Z.) £1 N.Z.) TT 4.003 4.003 O. 4.013-16 4.01'3-16 Buy O.!E 4.05 3-16 4.05 3-16

BASE METALS . MARKET. FURTHER FALL IN PRICES. ’ LONDON, Jan. 25. The official London (middle) quotations, as reported by the Australian Mines and Metals Association, compare with those previously cabled, as follows: Jan. 24. Jan. 25. Per ton. Per totl. Copper— £ s. d £ s. d.

LONDON STOCK EXCHANGE. LONDON, Jan. 25. Quotations of bank shares and oilier corporation debentures ulid stock compare ■'with previous quotations as follow: Jan. 11. Jan. 25.

Mrc. 4 p.c. deb. 93 0 0 93 0 0 N.Z. Loan and Merc, (ord.) 39 0 0 38 0 0 Other quotations include :—Ciutha River Company, buyers Is 10jd, sellers, 2s lid; Molyneux River Company, buyers, Is 3d, sellers Is 4id. SYDNEY STOCK EXCHANGE. SYDNEY, Jan. 26. To-day is a public holiday, and the Stock Exchange is closed.

3 p.c. Inscr. Stock, 7-1939-41 . . 97 0 0 • __ 31 p.c. ditto, 3-1939-43 101 0 0 . — Ditto, 9-1939-43 .101 2 6 — Ditto, 3-1941-43 .101. 2 6 . — Ditto, 9-1941-43 .101 2 6 — Ditto, 11-1938-52 .101 7 6 — Ditto, 5-1939-52 .101 7 6 - Ditto, .11-1941-52 .101 7 6 — Ditto, 5-1941-52 .101 7 6 . Ditto, 1-1953-57 . 97 0 0 — 4 p.c. ditto, 2-1943-46 103 5 0 — Ditto, 4-1946-49 ........ .103 0 0 — Ditto, 6-1952-55 .103 5 0 — 31 p.c. Bonds, 1-1953-57 97 0 0 — 4 p.c. ditto, 2-1943-46 103 5 0 — Ditto, 4-1946-49 .103 0 0 — Ditto, 6-1952-55 .103 5 0 — 5 p.c. Rural Bonds, 9-1947 .102 10 0

Farmers’ Co-op. Auct. — 4 1 0 Goldsbrough, Mort. ... — 1 12 0 N.Z. Guarantee Corp. — 0 4 7 Wgtn. .Trust, Loan ... *5 0 0 — 9 Newton King, pref. ... — 0 9 Wilcox Mofflin. — 0 11 b GAS— Auckland ' n-o 9 — Christchurch *r 7 3 — Wellington, ord. IN S U RAN OE — *1 16 0 New Zealand : MEAT PRESERVING— . 7“ *3, 3 6 N.Z. Refrig., £1 paid '— ”1 0 0 Well. Meat Export ... TRANSPORT--0 8 0 P. and 0. def. stock 1 8 6 Kclburn Tram., pref. r l 6 • WOOLLENBonds Hosiery Mills 0 17 6 0 19 0 Wellington, pref 5 5 0 — TIMBER— Kauri — 1 2 9 ■ Levland-O’Brien — 0 18 6 Rotoiti, pref — 0 18 3 '■ Tar ingam utu — 1 0 15 3 Taupo Totara, qrd. .. 0 5 9 0 7 0 Ditto, pref ' 0 18 6 Ditto, 16s paid — 0 14 6 BREWERIES— N.Z. Breweries 2 6 9 2 7 3 Tooth and Co — 2 16 0 Till i. .'...I. 2 12 0 Castlcmainc Perkins . MISCELLANEOUS— — 1 8 6 Anthonv Hordern .... — 0 18 10 Aust. Glare — 4 14 3 British Tobacco, Auat. 2 9 4 2 0 10 Broken Hill Pty — 3 2 6 Burns, Philo and Co. 2 16 9 2 17 3 Colonial Sugar 46 10 0 — Con. Brick and Pipe — 0 8 0 Den. and Med. Sup. — 0 14 3 Dominion Fertiliser ... 1 2 9 — Dunlop Perdriau 1 3 8 1 4 0 Electrolytic Zinc, ord. • *2 9 3 Ditto, prof General Industries ... — *2 11 9 — 1 0 6 Hume Pipe 1 0 8 1 1 0 Macduffs. old. pref. ., — 1 6 0 Morris Hedstrom • 1 8 0 Moturoa Oil — 0 4 0 National Electric — 0 14 9 Sharland and Co., ord. — 0 18 6 Taranaki Oil 0 6 0 0 6 6 Wilsons N.Z., Cement — 0 18 7 Woohvorths N.Z., ord. Ditto, Ltd., ord — 1 0 9 1 5 7 1 5 8 Ditto. Ltd., 2nd pref. — 1 9 1 Ditto, Ltd., 1st, pref. Olvmpic Tyro and 2 1 0 — Rubber 2 6 6 2 11 0 Regent Theatre, D’n. — - 1 0 0 Berioi, Ltd 1 19 6 — MINING— Argo — 0 1 10 Mossy Creek — 0 1 3 Skippers 0 0 — Waihi Investment — 0 9 11 Broken Hill South ... — 1 15 6 Mount Lvcll 1 11 6 — Mount Morgan 0 9 5 — North Broken Hill ...' — 2 15 0 OVERSEAS LISTINGS— Wool worths Holdings 0 14 6 0 14 10

compared with par: — Jnn. 25. Par. New York, rial. to £ ... 4.99 11-16 4.866 Montreal, dol. to £ 4.99? 4.866 Paris, francs to £ 152 124.21 Brussels, bcl. to £ 29.61 48.611 Geneva, francs to £ 21.615 25.225 Amsterdam, florins to £ 8.971 12.107 Berlin, marks to £ 12.41 23.43 Stockholm, knr. to £... Copenhagen, krtr. to £ . 19.40 18.159 22.40 18.159 Oslo, knr. to £ 19.90 18.159 Vienna," *chjr« £ ... 26 50 34.585 Prague, knr. to £ 142 5-16 134.25 Hel'fors, mailts to £ ... 226.125 193.25 Madrid, pcs. to £ — 25.225 T.bbon, crc. to £ 110 3-16 100 Milan, life to £ 94 15-16 92 Athens, dike, to £ 547 60 375 Bucharest, lei to £ 671.50 813.60 Belgrade, din. to £ 216 276.31 Rio de J., p. to mil. ... +2 27-32 4.866 li A li es. \j, to peso — 47.62 M. Video, p. to peso ... +241 51 Calcutta, p. to nip. ... 18a 18 Shanghai, p. to dol. ... U 3-16' lk Ilong Kong, p. to dol. . 15 — Yokohama, p. to yen ... 14 24.582 Batavia, florins to £ ... 8.95 12.107 JMarket Rate. tSollers Official.

Standard, spot 40 1 101 39 16 3 Ditto, forward 40 6 101 40 1 3 Electrolytic 43 15 0 43 10 0 to 44 15 0 44TO 0 Wire bars ..... 0 44 1" 0 Lend — Spot 15 11 101 15 11 101 Forward 15 13 11 15 13 11 Six’! ter—■ Spot 14 10 n 14-10 7i Forward 14 11 14 13 li Tin— Spot 181 10 0 180 12 6 • Forward 181 17 6 181 7 6 Silver— Standard, per oz .. 20d 20d Fine 21 9-16d

£ s. <1 £ a d. Bn lilt of Australasia ... 8 10 0 8 7 6 K.S. and A '!\ 6 0 4 7 0 Union of An si 7 8 9 7 0 0 ,Now Soulli Wales 26 2 6 26 0 0 National of N.Z 2 0 0 2 0 0 Bank N.Z. 1 13 0 i 13 3 British Tobacco 1 19 0 1 19 0 Gplclsbrougii Mort. 1 5 3 1 4 9 DaJgety 6 15 0 6 8 9 P. iihd 0. Defd N.Z. Loan and 1 3 6 1 4 3