CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXIX, Issue 20789, 24 February 1933, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Quiet conditions prevailed on call yesterday, and the recorded turnover, which was small, was confined to a few stocks. Transactions, exclusive of vestibule business, were: — £SOO Lyttelton Harbour Board 5j per cent., 1953. 10 Bank of New South. Wales (cum div.). to Dalgety and Co. 100 New Zealand Refrigerating (10s paid). 200 New Zealand Breweries. 1.00 Toohey 's Brewery. 100 Beath nad Company (Is paid). , 200 Gillespie's Beach. 400 Lawson's Flat. A parcel of Lyttelton Harbour Board 5j per cent. Debentures, due 1953, changed hands at £97. and the market closed with unsupported sellers at £§s. Bank of Australasia shares were firmer on buyers' offers £9 13s, sellers at £ 10. Buyers of Commercial Bank of Australia preference raised their bids to £B, sellers at £8 ss. Commercial Bank of Sydney -were stronger with buyers at £ls 6s. Buyers" of National Bank of Australasia fully paid shares advanced their offers to £ll 19s, and buyers of the £5 paid offered £5 13s, with sellers at £l2 2s 6d and £5 14s 6d respectively. Bank of New South Wales, cum dividend, recovered to £2B 12s 6d, buyers staying in at that price, sellers at £2B 15s. Bank'of New Zealand \ shares were easier with sellers at 435, j buyers at 425. ' Miscellaneous. j Dulgety and Company shares ad- • vanced to £7 15s, and more were offered I at £7 17s 6(1, buyers at £7 lis. National Mortgage "A" shares, cum dividend, had improved demand at 335, sellers firm at 40s. New Zealand Refrigerating 10s paid shares were fractionally weaker at 3s sd, market closing 3s 2d buyers, 3s 6d sellers. New Zealand Breweries shares recovered to 26s lid and 27s Id, closing quotations 27s buyers, 27s 2d sellers. Toohey's Brewery shares hardened to 20s 3d, buyers staying in at that figure, sellers at 20s 9d. Tooth's were firmer on buyers' offers 34s Sd, sellers at 35s 3d. Beath and Company Is paid shares were firm af 2s. market closing Is JOd buyers, 2s 3d sellers. Gillespie's Beach had business at Is sid, sellers staying in at that price, buyers at Is sd. Blackwaters were firmer with buyers at 225, sellers at 235. Lawson's Flat 6d paid were a. shade stronger at 9d, market closing Sid buyers. 9d sellers. j LATEST QUOTATIONS. i I Bnyera. Sellers. j £ e. d. £ s. d. N.Z. Government Debentures — ' ijj per cent. Inscribed, 1 1933 .. .. 35 5 0 96 5 0 I 4j per oect. Bonds, j 193S and 193'J .. 95 5 0 \ »i per cent. Bolide, | 1933 .. 08 10 0 100 "0 0 I Si per cent. Inscribed. \ Feb., 1987 -" 96 30 0 j 5j per cent. Inscribed. I Sept., 1937 . S9 JS 0 JOO 0 0 i SJ per rent. Bonds, -v I Sept., 1337 .. 99 15 0 100 10 0 j Other Debentureft— Lyttelton Harbour, Si par cent., 1933 . Jluncdin City, ■ 5§ per dent., HMO | Chriatchuvcli City, 5& per c.fnt., 19tU Booth, "Macdonald, (j{. per cent., 1937 .. 3o 0 0 H 8 0 Golden Point Gold, S per cent. <£3) .. i 10 0 Banks— Auatrniaaia .. 8 IS 0 JO O 0 Comm. of Aust. .. 0 14 6 0 1-1 9 ComiE. of Aust. 'pref.) 8 0 0 8 5 0 Comm. of SyduGT .. 25 6 0 15 13 0 E., S., ivnd A. ' .." * 10 0 National of Australasia (£lO paidl .. 11 33 0 12 2 6 7%ationa! of Axtstrolasia (£5 paid) .. .. 5 IS 0 5 14 6 Nalional of X.Z. 3 7 G 3 li 0 >Cev: South Wales (cum div.) .. 2-S 32 C 28 35 0 Now Zealand .'. 5 2 .0 2 3 0 JTot.; Zealand CD" Mori- • srage shares) .. . 1 10 '0 TJnioTi of Aust. .. T 10 0 7 U 0 Insurance— A.P.A. .. ..076093 National ... .. 0 H- 9. '0 15'$ New Zealand •. .. 2 5 0 3. 6 9 Loan and Agency— Christchurch Building , Society 8 0 0 11 17'. 6 Dalgety and Co. 7 11 o 7 17 6 GoldEbrough, Mort 12 7 1 S 2 National Mortgage "A" (cum div.) 3 13 0 2 0 0 National Mortgage "B" (cum div.) .. 0 17 6 ' i N.Z. and River Plate 1 0 o 1 1 6 N.Z. Guarantee Corpn. 0 5 3 0 6 8 N.Z. Loan and Mercantile Cord, stock) .. £6 10 0 4] 0 0 ' "United Building Societv 9H 10 0 Jo 2 Shipping— / ; Euddart-Parker (oum 1 div.) .. .—.190 P. and O. . Deferred i Stock .. .. 0 19. 0 .-- Union (pref.) .. .. 10-0, Frozen Meat— Gear 1 7 3 .1 S 3 j N.Z. Kefrig. (£1 paid) 0 10 3 Oil 0 N.Z. Reh-ig. (10s paid) 0 3 2 0 3 6 Woollens— Kaiapoi (17s paid) .. 0 2 6 6 7 6 Coal — \Ve9tpo:t .. .. 0 10 6 , Stockton (pref ) ■ .. 0 0 10 0 1 9 GasAuckland .. . * .. ■ 0 19 6 1 1 .0 Chrißtchutcl-. 14 3 15 0 I Chrietchurcb (10s paid) 0 11 S 0 11 9 Breweries —. New Zoaland .. •• 17 0 1 7 .2 Staples •• •• 12 3 ISO Tooh'evß 10 3 10 9 Tooths .. - 1 34 8 1 15 3 f Miscellaneous—i Amalgamated Wireitss 1 10 0 J Amalgamated "VTireles-j !> j (coatr.) .. 3 2 0 3 4 "0 i | Auatralian Distillery .. J Australian Glass .. 2 3 0 2 G 6 Beath and Co 116 14 0 i Beath and Co. (Is paid) 0 1 10 0 2 U 5 Biitisli Tobacco .. " 1 18 5 1110 6 Colonial Si gar .. 32 35 0 53 17 6 0 1 Doinin:o)i Fertiliser .. 0 9 9 0 11 6 3 Uunlop llubbev ... 0.17 3 0 37 6 ) Klectro. Zinc (ord.) .. 0 16 4 0 16 9 | Klectro. Zinc (pref.) .. 18 0 1 8 13 Greater Crj-stal Palace 0 12. 6 .. J Henrv Jones Co-op. .. I J6 9 1 17 8 Kauri Timber 0 9 0 0 12 0 G Moturoa Oi! .050 Moimt Lyell l 0 n in r, 0 N.Z. Drug Co. 2 36 6 -3-0.0 ?, N.Z. Farmeis" Co-oi:>. 5 {ih per cent. Stock, 0 (1940) .i. .. 42 0,0 44 0 0 N.Z. Farmers' Co-on. \ {ih per cent. Stock. 1943) .. .. 42" 0 '0 cO 0 0 ; N.Z. Paper Mills' . .. 1 J. 0 ' 1 •>■ 8 J. N.Z. Farmei-a'Fertiliser 0 38 G 0 15 0 ) TiiranaW Oil .029 030 MTiitcombe and ./romhs 2 33 0 3 Wilson's Cement' .. 18 9 1 9 9 .> . "Vroobrorthß (N.Z.3,j>rej". 110 6 3 12 6 2 MiningConsolidated 0 9 5 0 10 1 Alexander (contt., cum div.) 0 12 6' 0 13 8 8 Big River- •• 0 0 lflj 0 1 O Blackwater ■• 12 0 3 3 0 b Coinish Point . 0 0 3 O 0 3 Freshford 0 13 0 14 Gillespie's Bench .. 0 15 0 1 5) Golden Dawn ... ' 0 '3 « 0 4, 0

Buyers. Sellers. £ e. d. £ b. d. Golden Point .». ° 0 2J 0 0 3 Golden Sands •• 0 911 0 8 Ift King Solomon ■ • 021| 0 3 Lawson'B Flat •• ■ 0 0 8J 0 0 9 Mahakipawa. .. -• ° ° 2 ? « S! MahaJripawa (pref.) ... 0 0 8 0 0 Si Nokomai .. .. 0 6 0 0 6 % Okarito (cum div.) .. - *. * 2 ' Paddy's Point -. ° £ ° ° £ * Waihi .. 1 1 6 1 « 6 Waihi Grand Junction 0 3 « ? ? I. Waitahu .. 0 4 6 0 i 94 UNLISTED STOCKS. Ail transactions in Blocks quoted in this section are subject to double rate of brofcerago and are not quoted on tie official list. Sale—bnowy River Sluicing {a? paid), 300 shaies ... ■• 0 4 0 Buyers. Sellers. £ s. d. i" s. d. Bell Hill Sluicing 0 19 0 3 0 Brian Boru 012 0 018 6 N.Z. Perpetual Forests . 118 0 20 9 Kegent Pictures ■■- 0 11 0 Bcgenfc Pictures (deb*.) .. Shotover Rcefe -■ 0 S 0 Snowy "River Sluicing (5s .paid) .. ..o*ooso Strand Pit'. Street Property. .. , .. o» n Sun Newspapers • • 8 S 8 0 3 9 YESTERDAY'S SALES. CHRISTCHURCH. Sales on 'Change—- & g. d. Bank of Xew South Wales | (cum div.) (2) 28 12 6 j Dalgety and Co. 7 15 0 New Zealand Refrigerating (10s paid) • . . 0 3 5 j New Zealand Breweries .. I 6 11 j 17 1 Toohey's Brewery .. 10 3^ Beath'and Co. (Is paid) .. 02 0 ( Gillespie's Beach .. 0 12* Lawson's Flat .. 0 0 9 Sales Reported— { Lyttelton Harbour Board 5} per cent., 1953 .. 97 0 0 AUCKLAND. Sales on 'Change—- £ f. d. 4j per cent. Bonds, 1938 ... 96 0 0 5i per cent. Bonds, 1937. September .. ..' 100 • 0 0 M per cent. Stock. 1938 .. 96 0 0 Hamilton Fire Board, 1948 6 per .cent. .. .. 98 0 0 Commercial Bank (pref.) .. 8 0 0 Bank of New South Wales 28 10 0 New Zealand Insurance (2) 2 5 6 South British Insurance .. 3 0 0 Farmers' Co-operative Auction ("B" pref.) .. 012 0 Taupiri Coal .. 0 12 3 Colonial Sugar .. 53 5 0 Henry Joneß .. J 17 0 Waihi Junction .. 0 3 7 Waitahu .. .. 0 4 9 Freshford .. .. 0 3 6* Motmt Lyell .. .. 10 3 Blackwater .. .. 116 WELLINGTON. Sales Exported—- £ ». d. New Zealand Guarantee Corporation .. 0 5 6 0. 5 7 Wellington Gas .. " .. .19 0 Okarito .... 0 9 6 : DUNEDIN. £ ■. d. Sales on 'Change— Gillespie's Beach .. 0 15 Freshford .. .. 0 14 Standard Insurance < cum.» 2 10 0 Dunedin Brewery .. 116 Sale Reported— Dominion Fertiliser .. 0 .10 0 SYDNEY. The Sydney Stock Exchange was mod' erately, active yesterday, but market prices underwent little change. Morning Sales—- £ s. d. j Bank of New South Wales 30 2 6 J Commercial Bank of Sydney 16 10 0 I Commercial Bank of Aus- | tralia .. .. 0 15 0 Colonial Sugar .. .. 54 17 6 Tooth's BreWeries .. 1 15 7$ Toohey's Breweries (New Zealand delivery) .. 11 0 Carlton Brewery .. 1 16 0 j Dunlop Perdriau .. 0 18 0 Goldsbrbugn, Mort .. il 3 6 Millaquin Sugar ... 1 6 6! Fairymead • Sugar .. 1 5 6 Henry Jones .'.. .. 118 6 Afttmoon. SalesCommonwealth Bonds—--3£ .per cent., 1942 .. 100 IS 9 4 per cent., 1941 .. 102 16 3 4 per cent., ,1944 ..103 0 0 4 per cent., 1947 ... 103 7 6 4 per cent., 1955 .. 101 17 6 4 per cent., 1961 .. 103 7 6 Dunlop Perdriau .. 0 18 Q Broken Hill Prop, (pref.) 1 7 9 Nor ft Broken Hill .. 3 9 6 MELBOURNE. £ s. d. Commercial Bank of Australia .. ... 015 0 Commercial Bank of Australia (pref.) ~.'.■■ 8 5 0 British Tobacco • .. 1 14 6 P. AND O. COMPANY. DEBENTURE ISSUE TO BE REPLACED. (EXITED PBES3 ASSOCIATIOH—BT SLECTJUC TEnEQHAPH—COPrBIGHT.i February 23, 9.40 p.m.) LONDON, February 22. The Peninsular and Oriental Steam Navigation Company is repaying on May 22 5£ per cent, debentures amounting to nearly £7,000,000, and issuing £6,000,000 new per cent, debentures at par. The issue has been underwritten. P. * AND O. STOCK. (Kuci'i'roil February 23, 6.5 p.m.) LONDON, February 22. s. d. I'eiiruiiry 22 17 0 February 21 1G 6 February 20 16 6 February 17 16 loj February 15 17 0 February 14 17 0 February 13 17 ij WAR LOAN STOCK. (BSlTlbfl OFFICIAL WIaEUSSS.) (Recencd February 23, 7.15 p.ia,) RUGBY, February 32. British 34 per cent. War Loan Stock is quoted as follows: £ s. d. February 22 ... 99 4 3 FebruaVi 17 .:. 99 ' 7 6 February 15 ... 99 6 0 Febmai-y 13 99 6 3 February 10 ... 9!) 7 6 Febrixarv 8 ... 99 8 9

REDUCING RATES ON LOANS. AUSTRALIA'S INTENTION. ' (UKITEB PJUSS ASSOCIATION—»* , BULCKHO TSLBORAPH—COr-TBIGHr.) (Received February 24, 12.15 a.m.) SYDNEY, February S3. Federal Treasury oflici&la, after d«V scribing the terms for the underwriting of the new loan as satisfactory, stated that the real problem which must be faced by the Commonwealth Government is the conversion of high interest loans held in London. There is a-total, of £45,000,000 carrying an interest rate of 6 and 6i per cent., Australia being the only nation with obligations at this payments. *—>. [The loan referred to is a conversion of £9,600,000 Kew South "Wales 4 -per : cent, to Commonwealth stock bearing > the same rate.] AUSTRALIAN PRODUCE. SYDNEY MARKET. tosiTED pases association—« ■ kiecuug •JTBLEORATH—OOPXBXOK.) (Received February .23, 10.30 p.m.) SYPNEY t February 23. 1 Wheat is nuoted —Silo grain 2s oid, bagged ! 2s lid, enual to Ss B£d and 2s BJd on truck* 'at Sydney. Farmers, however, are holdiug off, although there are plenty of buyer* for : silo wheat. I Flour—£9 ss. Bran—44- 10*. PollardV-£5. ' • Potatoes —Tasmania* 44 10*. Victorian to £4. Onions—Victorias Globes to flOaten Say— £6 10».Haize—Yellow 5s 9d; -white 5s 6d. ADELAIDE MARKET. ADELAIDE, Februarr 38lots »e 6d. Flour—Bakers' lota £7 12a 6d. Bran—£4 17s 6d. Pollard— £5 6a. - Oats —1b Sd and le 6d. > FURNITURE SALE. C. E. Jones, Ltd., repprt having >»eld * successful auction sale on the premises, 10S Ttugby street, Merivale. There was * large attendance, and amongst the articles sold the following prices were realised:—Axmin- ■ liter .carpet *6 10s, axminster carpet £6 ss, Universal corpet cleaner £5.7s 6d, axminster. runner £3, chesterfield £Z 15s, .throe easy . chairs «6, rug £2 2s 6d, rug £b 10s, ducbesae £3, wardrobe JS2 12s 6d, bed and bedding £2 12s 6d, six oak chairs £1 10s, oak dining table £2 2s 6d, ohaval • duchesse f2 13s 6d, bed and bedding JE2 10s, dining table £3, 9s 6d, wardrobe £1 17s 6d, easy chair £1 15s, inlaid linoleum £2, carpet sweeper £1 Ss, extension ladder £1 lis, lawn mower £% 12s fid, wringer 10s, tennis net 15s, screen IBs, settee £1 10s, lot of books £1 IBs, electric radiator &\, duchess* £1 6s, Scotch chest £\ 16s, ottoman couch £1 7s 6d, rag XI.