CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVII, Issue 20420, 15 December 1931, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Market conditions ' showed . little change on call ycisterday and recorded dealings were confined to a few stocks in which prices for the most part were I at recent' levels. Transactions, exclusive,of vestibule business, included : I 15 Bank of Australasia. 300 Comm. Bank of Aust. 25 Bank of. New Zealand (cum div,). 20 Union Bank of Aust, 100 Gbldsbrouglx, Mort. '2OO Tooth and Co. ~ 200 British Tobacco (cum dir.). 200 Woolworths (N.Z.) pref. 1600 Golden Point. 1300 King Solomon. / Batik of Australasia shares changed hands at £9, market closing £8 19s buyers, £9 2s sellers. Commercial Bank of Australia shares had dealings : at 16s 6d, closing quotations Id on either side. National Bank of New Zealand shares cum dividend realised £4 6s, sellers staying in at that figure, buyers at £4.3s 6d. Union Bank of Australia shares were firm at £7 17s 6d, closing quotations £7 13s 6d buyers, £7 18s sellers. MisceUaneoua. Goldsbrough, Morts recovered to-24s and there were further buyers at that price, sellers at 24s 3d. New Zealiand Refrigerating, 10s pdid shares were fractionally weaker with sellers at 4s 9d, buyers at 4s Bd. Tooths Brewery shares were a shade easier at 22s lOd, market closing Id either way. British Tobaccos remained unaltered with dealings at 26s lid and more were offered at 275, buyers at 26s lOd. Woolworths (N.Z.) preference shares were firm at 24s 9d, market closing 24s 3d buyers, 25s sellers. TJuyers of Whitcombe and Tombs raised their bids to 54s 3d, sellers at 57s 3d. Golden Point Gold and Scheelite Company shares moved up to Bd, sellers staying in at that figure, buyers at 7Jd. King Solomons changed hands at 2s 4d on the morning-call and 2s 3d on the afternoon call, and there were further sellers at 2s 3d, buyers at 2s 2d. LATEST QUOTATIONS. Buyers, Sellers. £ s. d. £ *■ d.

WELLINGTON. Sales Beported—- , *" £ _ s. d. 4 J per cent. Stock. 1938 -96 15 0 Five and a half per cent., 1937 - (2) 100 0 0 Bank of Australasia ... . . 8 18 0 King Solomon .... ••• 'O2 7 DUNEDIN. i Sale reported—- £ 8. d. Tooth's Brewery ' • - 12 6 SYDNEY STOCK EXCHANGE. \*' ' ' DEMAND FOR FEDERAL BONDS; (UNITED rttESS ASSOCIATION —3T UJICTWC ' TELSGBAPH—COPYBIGHT.) (Received December 14th, 7;45 p.m.) SYDNEY, December 14. The Stock Exchange, to-day was unusually brisk. : Federal Government stocks were much, in demand, 4 per cents. (1938) touching £96 6s 3d, a rise of 8s 9d. Other longer-dated 4 pel* cents, rose similarly. The market for leading industrials and trading issues was also strong,- but banks eased slightly. - , FOREIGN EXCHANGES. (BfcITISH OMTICIii WiaEI&SS.) (Received December 14th, 5.5 p.m.) ' KUaBY„. December 13. The following *re the 1 current. rates .ot exchange, compared with those of. December; llth and'par:— . . ■>

WAITAKI FARMERS' FREEZING CO. ANNUAL MEETING. / • (special to the pbess.) OAMARU, December 14. In his address to the shareholders at the annual meeting of the Wajtaki Farmers'' Freezing Company,' t/he chairman of directors (Mr J.' E. Austin) stated that the special features of the balance-sheet called for aA unusual "measure •of satisfaction. The number of stock killed at the' Pukeuri works 'was larger than that of any previous year, reaching 358,143, an increase of 99&0 over the previous season. With the continuation of the growers' support there was no' doubt .that the excellent results, of the* last year, so far as' the operations of the .company wereconcerned, ivould be maintained, if not exceeded. By insisting On all v their stock being killed at Pukeuri, not only were the growers assured of the highest possible prices, but they had the pleasure of knowing that they were helping their own district in the labour empiayed and through the shipping of produce from their port. With, the exception cfsooo carcases, the whole of the meat was shipped from Oamaru last year Mr Austin directed attention to' the very substantial balance-sheet- figures improvement shown. There was- a workinsr urofit of £ri34. ten 14a Bd had been wrftM9iA P^° la V on ' , Bnd the balance, debit fS mV Si?J™ buldinL that the land aiid 5 plant and machinery 1 • after the confpany W J aid Oustanding debenture! wLeJ ,os, * l °?- SB«ra®iS*aJ!S ■SttaftsaSKS! &•*> »«* recommended that a dividend J £ c ° r ,. be paid. This wou?d^ amount to "iSs iLiss&r* ««» «* * "ri'»»»»" had again pehses. The directors 1»m T'i S(! ex ' shareholders that every \ « s »» to avoid unneVessarv 7 bein * secure the utmost efflein?££ ? .£?• * nd t6 of the works mcteuoy m the running

« (CONTINUED ON PAGE 14.)

N.Z. Government Debenturos4i per cent. Inscribed, 97 0 0 N 1938 96 2 6 4J per cent. Inscribed, 1933 ." — 97 0 0 4J per cent. Bonds, 1936 .. .. 96 5 0 — 6J per cent. Inscribed, 1933 .. ' 98 0 0 — • 5J per cent. Inscribed, 1933, and Bonds, 1933 ' ... , .. 99 5 0 — 5J per .cent. Inscribed, 1936 .. 99 7 6 100 0 0 51 per cent. Inscribed, 1987 99 10 0 100 0 0 6J per cent. Bonds, 1937 99 12 6 — 5J per cent. Inscribed, 1951 99 lp 0 — Other Debentures— Chriatchurch Trams, 51 per cent., 1944 97 0 ft — North Canty. Hospital, 52 per cent., 1950 — 101 0 0 N.Z. Refrig., 61 per cent., 1935 .. ■ — ' 99 10 0 ;; Wqslport-Stockton Coal, 61 per cent., 1933 — 73 0 0 Giabocne Sheep, 61 per cent., 1941 - .. 73 0 0 . Banks— ' " ■ Australasia. ... .. 8 19 0 9 2 0 Comm., of Austj ' 0 16 5 0 16 7 ComJu. -.of 'Sydrie? 14 3 6 .15 6 0 ' E.,' &, and A. .. ■4 5 0. * io o. National of Auetralasii ' (<B5 paidV .. 5 0 0 5 5 0 National of ,New Zea- ... . land (cum div.) 4 3 6 4 6.0 . New South-Wales 28 2" 6 28 12 ' 6 : N*w Zealand. .. 2 ' 6' 3 2 6 0 Union of Aust. • •7 13 6 7 IS 0 Insurance— . - . .National—, ... 0 12 6 0 IS : 1 : New Zealand .. . ... 2 0 <y — : : I«oan andAgency— . Dalgety acd Co. . 7 15 0 7 19 6 Golds!) rough,. Mort ... 1 4 0 14 3 Peitaanent Investment — 9 10 0 United; Building Society 0 14 6 Frozen Meat— N.Z. Refrig. (£1 paid) 0 11 0 12 0 N.Z. Befrig. (10s paid) 0 4 a 0 4 9 Woollens— Kaiapoi (17s paid) . .. 0 6 9 0 8 0 Mosgiel ... 6 15 0 — Coal— Grey Valley .. _ 0 17 0 "Weatport 16 0 Stockton (ord.) 0 0 5 0 O il Stockton (pref.) 0 0 6 Gas— Cliristchurch . 1 5 11. 16 3 Christchuroh (10s paid) 0 12 6 Tiinaru ' • — 0 18 0 Breweries— Carlton .. 1 5 0 New Zealand ... 1 8 6 19 3 Tooheys 0 15 6 0 16 9 Tooths .. 1 2 9 1 2 ]1 Miscellaneous— Allied Motors .. 0 i 0 0 13 Beath and Co. (Is paid) 0 0 11 0 13 British Tobacco (cum div.) .. , .. 1 6 10 17 0 Colonial Sugar 37 0 0 . Dunlop Perdriau Bub-' her .. .. 0 12 0 Electro. Zinc (pref.) .. 0 19 9 110 . Kauri Timber .. 0 8 0 0 12 6 Mt. I/pell (cum div.) .. 1 0 10 110 N.Z. 'Drug Co. ■ 2 11 0, N.Z. Farmers' Co-op. ("B" pref.) — 0 17' #6 Quill; Morris .. 0 2 6 0 8 6 "VVhitcombe and Tombs 2 14 3 2 17 3 Woolworths (N.Z.), pref. 1 4 3 1 5 0 Mining— Alexander ... ,. 0 6 0 Cornish Point .. 0 0 2J 0 0 8J Golden Dawn .. ' 0 7 0 0 7 2 Golden Point .. .. 0 0 74 0 0. fl King Solomon o 4 2 0 .2 Si Mahakipavra .. 0 0 4 0 0 5 Okarito ., 0 10 2 0.10 5 Waihi 0 1G 3 0 16 9 Waihi Grand Junction 0 3 7 0 4 1 YESTERDAY'S SALES. CHRISTCHURCH Sales on 'Change— Bank of Australasia £ 9 S. d. O ft Comm. Bank of Aust (3) 0 16 fi National Bank of New Zealand (cum div.) 4 6 n Union Bank of Aust. 7 17 ft Goldsbrough, Mort 1 4 i) British Tobaoco (cum div.) Golden Point (2) (4) 1 0 6 11 0 8 "King Solomon (3) 0 2 4 0 2 3 Sales Reported— Woolworths (N.Z.) (pref.) 1 4 9 Tooth's Brewery 1 2 10 AUCKLAND. Sales on 'Change—- £ s. d. Bonds, • 1937, 54 per cent. ' 100 5 0 Bank of;,New .Zealand 2 6 0 Goldsbrough, Mort 1 4 O Kauri Timber 0 10 fi Australian; Glass 1 9 0 Colonial < Sugar *.. 38 5 0 Golden Dawn , . .., 0 1% Golden Dawn (rights) 0 0 7 1 1 3 Mount Lyell ... 1 0 9

Par., ODec.ll. Dec. 12. Paris, - fr. to £1 .. 124.21 - >84 J-16 86$ New York, dol. to £1 4.866 3.321 3.372 Montreal, dol. to £L 4.860 3.981 . 4.10 Brussels, v belga8 to £1 35 23 13-16 241 Geneva, fr. to ft .. 25.226 ' 17 17 5-16 'Amsterdam, fl. to £1 12.107 87-32 8.39J Milan, lire to £1 93.43 a 64$ G6 Berlin, 'roichmarlcen to £1 ... 20.43 ' 13 91-32 _ 14.20 Stockholm, kr. to £1' 18.159 181 • 181 Copenhagen, kr. to £1 18.159 • 16J 184 Oslo, kr. to £1 18.159 181 18 7-16 Vienna, schga. to £1 34.585 29 28 Prague, kr. to £1 .. 164.25 > 112 114 Helsingfors, marks to £1 -■■ / .. 03.% 200 Madrid, pesetas to £1 24.235. ; 40J Lifbon, e&cufloff to 4.50 109 109 Athens, drach to £1 875 250 260 Bucharest, lei to £1 816:6 • 555 , 566, Bio de Janeiro, pence to milreis 4.988 H 41 Buenos Ayres, pence • to dol. .. 47.577 41i 41* Montevideo, pence to dol. .... 61 S1J 32 Bombay, pence to . rupee .. 16 18J 18 9-64 Shanghai, pence to tael •• 241 23| Hong Kong, pence to 31 17 15-16 17} Yokohama, pence to yen 24.85 : 35 36.