CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVIII, Issue 20620, 9 August 1932, Page 10

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. There was a fair volume of business on call yesterday and prices for most stocks were firm with a hardening in one or two instances. Transactions, exclusive of vestibule business, were:— £SOO N.Z. Govt. 51 per cent. Bonds, >2933. £2OO N.Z. Govt. 5-J per cent. Bonds, Feb., 1937. 200 Comm. Bank of Aust. (cum div.). 200 Huddart, Parker. 700 N.Z. Refrig. (10s paid). 150 Westport Coal. 200 Australian Glass. 100 British Tobacco. 100 Dunlop Rubber. 200 North Canterbury Co-op. Flour. 3500 Golden Point. New Zealand Government 54 per cent. Bonds due 1933 had business at £99 15s, sellers staying in at that price, buyers at £99 ss. Five and a half per cent. Bonds due February, 1937, were firm at £lOl 10s, and there were further buyers at £lol—no sellers offering. Commercial Bank of Australia shares had dealings at 14s, market closing 14s buyers, 14s 2d sellers. Bank of New Zealand shares appeared easier with buyers at 47s 6d, sellers at 48s 3d. Miscellaneous. Buyers of Dalgety and Company shares raised their bidß to £7 ss, sellers at £7 10s. Goldsbrough, Morts were firmer with buyers at 235, sellers at 23s 6d. Huddart, Parkers on the morning call changed hands at 265, and in the afternoon rose to 26s 4Jd; market closing 26s 3d buyers, 27s sellers. Buyers of Canterbury Frozen Meat Ordinary shares rose 2s 6d to £5, but sellers were reticent. N.Z. Refrigerating 10s paid shares were firm with dealings at 4a 3d, market closing Id on either side. Westport Coal Ordinary shares had sellers and business at 12s 3d, buyers at 12s. Christchurch Gas fully paid shares appeared weaker with buyers at 24s Id, sellers at 24s 9d. Buyers of Tooths raised their bids to 26s lOd, but sellers wanted 27s 6d. Australian Glass shares were firmer with business at 36s 6d, with further buyers at 36s 4d, sellers at 38s. British Tobaccos firmed to 28s 9d buyers, 29s 2d sellers, and business was reported at 295, Dunlop Rubbers were firm with, buyers and business at lis lOd, sellers at 12s. North Canterbury Co-op. Flour shares were turned over at 12s, closing quotations lis buyers, 12s 6d sellers. Sellers of Wilson's Cements came down to 29s 6d, no buyers offering. Golden Point Gold Mining shares changed hands at 61d, market "closing 4d either way.

YESTERDAY'S SALES. CHRISTCHURCH.

SYDNEY STOCK EXCHANGE. The unusual activity for a Monday on the Sydney Stock Exchange yesterday was thought to be due to the improvement in conditions in American commodity prices, and the reduced bank rates. Many investors gave attention to profit-making concerns. Bank shares

MELBOURNE. £ s. d. National Bank (£lO paid) 12 9 0 Goldsbrough Mort .. 15 9 Carlton Brewery .. 1 14 6 "Herald and Weekly Times" 2 11 9 Millnquin Sugar .. 16 6 North Broken Hi]] .. 3 4 3 Mt. Lyell .. 110 EXCHANGE POOL.

In an article published on July 21st, referring to comment at Home on the abolition of the Exchange Pool and the possible rise in the exchange rates, the London correspondent of The Press wrongly attributed to Mr Arthur Willis, secretary and London manager of tlio National Bank of New Zealand, a statement to the effect that one bank would for its own advantage force up the rates, and if the regulations were lifted the other banks would have to follow its example. Mr Willis has denied by cable that he made any such statement. ' FOREIGN EXCHANGES. (BRITISH OFFICIAL WIRELESS.)

LATEST QUOTATIONS. Buyera. £ B. d. Sellers. £ s. d. N.7. Government Debentures — 4i per cent. Inscribed, 1938 .. 95 5 0 4i per cent. Inscribed, 1930 .. .. 95 5 0 :4A. per cent. Bonds, 1938 .. .. 95 7 6 4i per cent. Bonds, 1939 •• 9i 7 6 ■oh per cent. Inscribed, 1951 .. .. 98 0 0 Si per cent. Inscribed, 1937 .. 98 0 0 Sh per cent. Inscribed, 1933 .. .. 99 0 0 54 per cent. Bonds, 1938 . • .. 99 5 0 £< '\>er cont. Inscribed and Bonds, 1936 .. 98 18 0 5J per cnnt. Inscribed and Bonds, Peb., 1937 ... •• 1°1 0 0 54 per cent. Inscribed, Sept., 1937 .. 501 5 0 • 5J per cent. Bonds, &pt., 3937 . ... 101 10 0 96 0 90 10 09 15 0 0 0 Other. DebenturesPleasant Pomt Borough, 51-percent., 1948 .. . Pisko County, 6J per cent., 1941 Eastbourne Borough, 32 per cent., 1953 - S8 b. 98 0 99 0 0 ;o 0 Banks— Australasia Comm. of Avst. (cum div.) Comm. of Aust. (pref., cum div.) .. E., S„ and A. National of Australasia (£10 paid) National, of Australasia (£6 paid) . . New South Wales (cum div.) .. New Zealand .. New Zealand (D Mortgage shares) Union of Aust. 9 7 0 14 7 0 4 1 11 0 5 2 26 5 2 7 1 6 -7 0 6 0 0 . 0 6 0 0 6 0 0 9 15 0 14 7 10 4 2 11 14 5 6 27 0 2 8 7 4 0 2 0 6 0 0 0 0 Insurance— National . .. .. New Zealand .• 8outh British Standard .. .. 0 12 2 0 2 13 2 1 6 0 ' 0 6 2 0 2 17 3 C Loan and Agency— Dalgety and Co. . ... Goldsbrough, Mort N.Z. Guarantee : Corpn. United Building Society 7 5 1 3 0 4 0 14 0 0 8 6 7 10 1 8 0 B ,0 6 3 frozen Meat — Canterbury (ord.) Canterbury (pref.) , ".Gear N.Z. Refxig. (£1 paid) N.Z. Befrig. (10s paid) 5 0 4 0 1 12 0 11 0 I 0 0 3 1 0 12 0 i 0 4 Shipping-— Huddart-Parker Northern Steam (hilly paid) P and O. Def ei-red Stock , Union (pref.) 1 6 ' 0 6 0 16 0 19 3 7 0 6 1 7 0 Coal— Grey Valley .. Westport Stockton (ord.) Stockton (pref.) 1 .. 0 8 0 12 0 0 0 0 0 0 5 7 0 12 0 0 0 0 3 8 8

GasAuckland .. .. 1 0 7 1 0 11 Cbristchurck .. 1 4 1 1 4 9 Christchurck (XOs paid) 0 11 0 0 12 0 Breweries— New Zealand ... 1 5 u 1 5 2 Staples 1 4 0 — Tooths . • .. 1 6 10 1 7 G Miscellaneous— Allied Motors 0 1 0 Amalgamated Wireless (contr.) — 0 19 0 Aust. Iron and Steel (pref.) 1 1G 4 1 18 0 Beath and Co. — 1 1 0 British Tobacco 1 8 9 1 9 o Broken Hill Propty. ... 0 15 6 • — Colonial Sugar - .. 41 15 0 42 15 0 Donaghy's Rope 1 9 6 — , Dunlop Rubber 0 11 10 0 12 0 Electro. ■ Zinc (ord.) 0 13 9 0 15 0 Electro. Zinc (pref.) .. 1 1 9 1 2 6 Glenmore Brick and , Tile — 0 1G 0 ' Gordon and Goteh .. 1 3? 0 ■ Henry Jones Cknop. .. 1 9 0 1 11 0 Howard Smith — 0 9 6 ..Kauri Timber .. 0 7 9 — Jloturoa Oil — 0 G 0 Mt.' Lyell .. .. 0 18 6 0 39 0 N.Z. Drug- Co. .. 2 13 6 — i\.Z.. Fanhers" Co-op. (4J per cent. Stock, 1940 and J 945) 40 0 0 — N.Z. Farmers' Fer0 13 tiliser (cum div.) .. 0 — N.Z. Farmers'. Co-op. W, per-'cent. ; Stock, 1939), ' ; .. • .. — 48 -0 0 JS'.Z. Baper Mills 0 19 0 1 1 6 Xorlh Canty. Co-op. ■ Flour . .. • 0„H ,0 0 12 G Taranaki Oil 0 1 0 — Victoria Nyanza Sugar ■ — 0 18 0 "Whiteombe and Tombs 2 10 0 — Wilson's Cement . 1 '9 6 Woolworths (N.Z.), pref. 1 s 6 ■— , Woolwortha (new, fully ' paid) .: ' .. — 1 6 6 — Cornish Point 0 0 H 0 0 5 Golden Dawn 0 4 9 0 3 0 Golden Point . 0 0 6 0 U 7

Buyers. Sellers. £ 8. d. £ a. d. Golden Sands (Is paid) 0 1 8J 0 3 84 King Solomon 0 14 0 17 Hahakipawa 0 0 3$ 0 0 4 Mahakipawa (pref.) Gillespie's Beach 0 0 4 0 0 6 — par Okarito 0 8 10 0 9 .0 Waihi 0 15 9 0 16 6 Waihi Grand J unction 0 2 6 0 3 2 Blackwater 0 12 0 0 13 4 Consolidated 0 4 0 Waitahu 0 0 4 0 0 2 disc. disc.

Sales on 'Change— Huddart, Parker .. 1 s. 6 d. 0 N.Z. Kefrig. (10s paid) (0) 0 4 3 Dunlop Kubber ' 0 11 10 Golden Point (4) 0 0 6} Comm. Bank of Aust. .. 0 14 0; Sales Reported— N.Z. Govt. 5} per cent. Bonds, Feb., 1937 .. 101 10 0 5J per cent. Bonds, 1933 .. 99 15 0 Huddart, Parker .. 1 6 4A Westport Coal .. 0 12 0 Australian Glass - • .. 1 16 6 British Tobacco .. J 9 0 North Canty. • Co-op. Flour , 0 12 0 AUCKLAND. Sales on 'Change— s. 7 Bank of New Zealand . . .2 d. 9 N.Z. Insurance (2) 2 0 3 Gear Meat 1 12 9 Golden Dawn 0 5 0 Golden Point .. 0 0 0?Mount Lyell .. 0 18 0 0 18 3 0 18 5 Colonial Sugar . . 42 7 6 WELLINGTON. Sales Reported— 8. d. 4J per cent. Bonds, 1938 .. 95 10 0 4i per cent. Stock, 1938 .. 95 10 0 5 A' per cent. Stock, September, 1937 ... 101 5 05J per cent. Bonds, 1933 .. 99 15 0 .Bank of New Zealand .. 2 8 4 O 8 3 Union Bank of Australia .. 7 0 0 Northern Steamship Co. .. 0 7 0 N.Z. Breweries .. 1 5 3 Mount Lyell Mining .. 0 18 3 0 18 6 t DUNEDIN. Sale on 'Change— £ s. (1. Mount Lyell , ... ... 0 18 9 Sales Reported— Okarito ... ... 0 9 0 oJ per cent. Stock, Septem0 ber. 1937 ... ... 101 5

were also firmer. Sales Reported— & s. d. Bank of New South Wales 29 7 6 Commercial Bank of Sydney16 0 0 E., S., and A. Bank 4 11 6 National Bank (£5 paid) 5 14 6 Queensland National 5 47 5 0 Colonial Sugar 13 0 Queensland In>ur&ncc 2 4 0 United Insurance; ■=-=» 8 15 0 Adelaide Steam, 0 19 9 Australian Gas A. 6 12 0 Toohey's Brewery 0 19 10* Tooth's Brewery 1 10 7 i Carlton •Brewery 1 14 G Australian Glass o 1 3 Goldsbrough, Mort 1 6 0 Winchcotnbe, Carson 1 2t 0 Electrolytic Zinc 0 16 8 Dunlop Perdriau 0 13 6 Sulphide Corporation 0 9 6 Zinc Corporation 1 5 0 Mt. Lyell 1 0 10* Broken Hill Pty. 0 18 10J North Broken Hill s 4 9 South Broken Hill 2 7 6 Taranaki Oil 0 1 6 Commonwealth Bonds — 4 por cent., 1938 99 0 0 4 per cent., 1944 98 17 6 4 per cent., 1947 98 18 9 4 per cent., 1950 99 7 6 4 per cent., 1955 97 15 0 4 per cent., 1957 97 18 9 4 per cent., 1959 98 5 0 4 per cent., 1961 98 10 0

(Received August 8th, 5.5 p.m.) RUGBY, August 6. Par. Aug. 5 Aug. 6. Paris, fr. to £1 124.21 88 & 83.7 New York, dol. to £1 4.866 3.465 3.45 Montreal, dol. to £1 4.866 3.97 J 3.9b Bruesels, belgas to £1 35 25.00J 24.85 Geneva, fr. to £1 .. 25.2215 17 13-lfc 17 72J Amsterdam, fl. to &1 12.107 8.6 &.£• S Milan, lijo to £1 93.43 63 6-i LerJin, reichruarken to £1 .. 20.43 14.375 14.50 Stockholm, kr to £1 18.159 19.46 19.425 Copenhagen, kr to £1 18.169 18.60 18 19-32 Oslo, kr. to £1 18.159 19 31-S2 19 31-82 Prague, Icr. to £1 164.23 117 116 Vienna, schgs. to £1 34.585 30 29 (nom.) nom.) Helsingfors, marks to £1 193.23 2325, . 232& Madrid, pesetas to £1 25.2215 42 11-16 42 7-16 Athens, drach to £1 375 645 535 Lisbon, escudos to £1 110 110 110 B-ucliarest, lei to £1 R13.6 585 _ Belgrade, dinars 25.2215 223 _ Rio de Janeiro, pence to milreis 5.839 ' Jm ' 5 3-16 Bi;pr.os Aires, ponce . to dol. ;. 47.377 nom. nom. Montevideo, pence (o dol. 5! •m 29* (nom.) (nom.) Batavia, guilder 12.107 8.62 — Iiombav, pence . to rupee 18 1,8 7-84 18| Shanghai, pence to tael . * 2011-16 20| Konn Kong, pence to dol. * , 16J 1SJ Yokohama, pence to yen 2-i .5a "18 18 1-16 * Determined bj > price of silver.