CHRISTCHURCH STOCK EXCHANGE

Press, Volume LXX, Issue 21163, 14 May 1934, Page 13

CHRISTCHURCH STOCK EXCHANGE

SATURDAY'S TRANSACTIONS Markets generally continued firm on call on Saturday, and there was a moderate turnover, with the bulk of the dealings in gold mining stocks. Transactions, exclusive of vestibule business, were:— Sales on Change £ s. d. £3OO N.Z. Govt. 4 p.c. Ins., 1940 . . .. 105 5 0 100 Com. Bank, of Aust. 0 16 9 10 Bank of N.S.W. (cum div.) .. .. 33 0 0 33 2 6 100 Goldsbrough, Mort .. 1 13 6 200 N.Z. Refrig. (10s pd.) 0 8 8 £IOO N.Z. Farmers' Co-op. (4A p.c. stock, 1940) .. 78 10 0 500 Bendigo Goldlights . . 0 0 7 2900 Golden Point (5i 0 0 3 500 Golden Sands (3) 0 2 10 500 King Solomon (3) 0 4 4 0 4 4 A 500 Lawson's Flat 0 0 4A 2250 Mahakipawa (3) 0 12 0 1 2.\ 600 Nevis Diesel Electric 0 0 s:| 0 0 6 1700 Nokomai 0 2 11 1000 Skippers, Ltd. (Is pd.) 0 0 101 Sales Reported 50 E.. S.. and A. Bank (late sale, May 11) . . 5 8 0 200 N.Z. Refrig. (10s pd.), dale sale, May 11) . . 0 8 9 100 Kaiapoi Woollens, pi'.. (late sale May 11) .. 0 18 3 1000 Mahakioawa . . 0 1 21 200 Nokomai . . 0 3 0" 450 Mining House Cone. 0 0 5 50 Okarito .. 0 8 6 1000 Mahikapawa 0 12 500 Skippers. Ltd. (Is pel.i 0 0 11 £3OO N.Z. Govt. 4 p.c. Ins., 1940 .. 105 0 0 Bank Shares ! New Zealand Government 4 per cent, stock, due 1940, advanced to £lO5 and £lO5 ss, and there were further buyers at £lO5 ss—no sellers. Commercial Bank of Australia remained unaltered, with sellers and business at 16s 9d, buyers at 16s Bd. A late sale of English, Scottish, and Australian Bank shares on May 11 was reported at £5 Bs, and buyers on Saturday offered that price, with sellers of £5 8s 6d. Bank of New South Wales, cum dividend, changed hands at £33 and £33 2s (id, market closing £33 buyers, Miscellaneous Goldsbrough, Morts were fractionally firmer, at 33s Od, and more were offered at that figure, buyers at 33s 4d. Buyers of United Building Society raised their bids to 19s 9d without attracting sellers. A late sale of New Zealand Refrigerating 10s paid ;;hare.s on May 11 was reported at 8s 9d, and business on Saturday was at 8s Bd. market closing Id on either side. A late sale of Kaiapoi Woollens preference on May 11 was reported at 18s 3d, and there were unsupported sellers at that price on Saturday. New Zealand Drugs were firmer on I'livers' offers, 755. New Zealand /■'arrners' Co-op. 4A per cent, stock, clue 1940, remained unaltered at £7B 10s. There was a close market for Wilson's Cements, which were quoted 27s 5d buyers, 27s 7d sellers. Mining Bendigo Goldlights remained unaltered at 7d, closing quotations Id on either side. Golden Points were steady a! 3d. Golden Sands were fractionally weaker, with buyers and dealings at 2s lOd. King Solomons changed hands at 4s 4d and 4s 41d, and these were buyers' and sellers' closing quotations respectively. Lawson's Flat were a shade easier at 4Jd. Mahakipawas were firm, with dealings at Is 2d and Is 2UI, and these were buyers' and sellers' closing quotations respectively. Nevis Diesel Electric were a j shade stronger at s?d and 6d. Nokoinais were firm at 2s lid and 3s, buvors staying in at the higher price, ' sellers at 3s OAd. Buyers' offers for I Rawang Tins and Alexander 13s 6d i paid revealed firmer markets. Okari- . tos were fractionally firmer at. 8s 6d. I Mining House Concessions remained j unaltered at sd. Skippers were firm at lid. LATEST QI'OTATIONS Buyers. Sellers. £ s. d. £ s. d. N.Z. Government Debentures 3A p.c. Ins., 1938-43 103 12 6 3A p.c. Ins.. 1938-52 104 0 0 4 p.c. Ins., 1940 . . 105 5 0 4 p.c. Ins., 1946 and Bonds, 1949 . . 105 0 0 4 p.c. Ins., 1949 . . 104 15 (I 4 p.c. Ins.. 1955 . 106 10 0 107 0 0 4 p.c. Bonds, 1940 and 1946 . . 105 10 0 4 p.c. Bonds. 1955 106 10 0 Other Debentures N.Z. Refrig., 6'. p.c. 1935 " .. 100 0 0 N.Z. Refrig., 6A p.c. 1/8/34 .. 100 0 0 101 10 0 N.Z. Refrig., s'. p.c. 1935 . . 100 0 0 Westport - Stockton Coal, 6', p.c. 1938 . . 95 0 0 I Banks 1 | Com. of Aust. 0 16 8 0 16 9 1 Com. of Sydney . 17 12 6 18 0 0 E.. S., and A. 5 8 0 5 8 0 Natl. of A/asia. (£lO pd., cum div.) . . 13 4 0 13 6 6 Natl, of A'asia. (£5 pd.. cum div.) 6 7 0 6 10 0 i Natl, of N.Z. 3 19 0 - - ! N.S.W. (cum div.) 33 0 0 33 5 0 i N.Z. ("D" Mort. j shares, cum div.) - - 1 14 9 j Union of Aust. 9 19 0 - - ] Insurance j Natl. (cum div.) 0 19 11 New Zealand 3 16 Standard 3 16 Loan and Agency Dalgety and Co. . . 10 2 0 10 10 0 Goldsbrough. Mort 1 13 4 1 13 6 N.Z. Guar. Corpn. 0 4 1 0 4 3 N.Z. Loan and Merc. (ord. stk.) 52 0 0 55 0 0] United Bldg. Soc 0 19 9 I Wright, Stephen- j son & Co. (pf.) 0 18 6 j Frozen Meat Canterbury 9 5 0 10 5 0 Gear .. 1 (i 6 ,1 8 6 N.Z. Refrig. i £ 1 paid) .. 0 18 1 i i Buyers. Sellers, i i £ s. d. £ s. d. N.Z. Refrig. (10s : paid) . . 0 8 7 0 8 9 ! North Canterbury 0 11 0 0 19 0 I I Coal I Westport (cum i div.) . . 0 15 4 I Stockton (ord.i .. 0 2 0 0 2." ■ Stockton (pref.) . . 0 3 0 0 3 6 I ■ Woollens Bruce . . 0 9 9 Kaiapoi (17s pd.) 0 10 9 Kaiapoi (7s pd.) 0 2 6 0 3 3 Kaiapoi (pref.) 0 18 3 I Mosgiel (cum div.) 10 0 0 Gas Christehurch .. 1 10 0 1 11 0 Christehurch (10s paid) 0 14 6 Timaru 10 0 Breweries New Zealand .. 2 19 22 0 Staples .. -- 1 8 0 Timaru .. 0 7 6 Timaru <7s6d pd.) 0 5 5 0 5 9 Tooths M 1 U 2H

Miscellaneous Buyers. Sellers. £ s. d. £ s. d. Allied Motors .. 0 2 3 0 3 2 Amalg. Wireless (contr.) .. 15 6 Anthony Hordern 016 4 016 5 Beath and Co. .. 1 11 6 Beath and Co. (Is paid) 0 8 0 Broken Hill Prop. (cum div.) .. Colonial Sugar .. 63 15 0 64 7 6 D.I.C. (10s paid) 014 0 Dominion Builders'* Supplies .. 0 4 0 0 4 2 Dominion Fertiliser 018 0 10 0 Dunlop Rubber 018 6 018 7 Electro. Zinc (ord.) 16 0 16 6 Electro Zinc (pf.) 113 0 114 0 Henry Jones Coop, (cum div.) .. 1 11 9 Howard Smith 0 14 1 Hume Pipe (Aust.) 0 14 3 Moturoa Oil ..021039 New Colosseum 114 0 2 0 0 N.Z. Drug Co. .. 315 0 316 0 N.Z. Malay Rubber ..060 N.Z. Farmers' Coop. (A pref.) .. N.Z. Farmers' Coop. <4i p.c, Stk., 1940) " .. 78 10 0 80 0 0 N.Z. Farmers' Coop. (41 p.c. Stk., 1945) .. 78 0 0 N.Z. Newspapers (cum div.) N.Z. Paper Mills (cum div.) 1 10 0 1110 North Canty. Coop. Flour .. 0 14 0 Northern Roller Milling . . 110 0 Rural Bonds .. 101 0 0 Taranaki Oil ..019026 Wilson's Cement (cum div.) 17 5 17 7 Woolworths (N.Z.), ord. 5 15 0 Mining Addison's Flat .. ■- 0 3 0 Alexander .. 0 16 0 Alexander (13s 6'd paid) .. 014 9 014 11 Aotearoa ... 0 0 4 Bell Hill .. 0 14 0 2 6 Bell Hooper <ls paid) 0 0 8 0 0 9| Bell Kilgour .. 0 0 1 0 0 5J Bendigo Goldlights 0 0 6 0 0 8 Brian Boru (Is paid) 0 110 0 1 10J Deep Lead, Ltd. (Is paid) 0 1 9A 0 2 0 Central Shotover (9d paid) .. 0 0 8J 0 0 9 Charleston .. 0 13 Consolidated 016 0 018 0 Freshford (in liquidation) .. 0 0 1 0 0 2 Gillespie's Beach 0 110 0 1 11J Glenroy <9d pd.) 0 0 71 0 0 9 Golden Point 0 0 3 0 0 3J Golden Sands . . 0 210 0 3 0 Hatter's, Flat (Is paid) .. 0 0 8 Kildare .. 0 1 11 King Solomon .. 0 4 4 0 4 4J Kuala Kampar .. 0 16 1 Maerewhenua .. 0 010 0 011 Mahakipawa 0 12 0 2 2J Mahakipawa (pf.) 0 1 7* 0 1 9 Mining House Con. (6d paid) 0 0 4? 0 0 5 Mount Lyell 13 1 13 3 Mount Morgan . . Moonlight Nelson Creek .. 0 0 5 Nevis Diesel Elee. 0 0 5-i 0 0 6 New Cornish PI. (Is paid) . . -- 0 1 2 New Cornish Pt. (6d paid) .. 0 0 4 0 0 6 Mataki .. 0 1 7A 0 1 9 Nokomai 0 3 0 0 3 0J Oxenbridge Shot. over (Is pd.) 0 011 Okarito .. 0 8 51 0 8 6 Rawang Tin 0 9 0J 0 9 1 Upper Shotover (Is paid) 0 10 Upper Shotover (9d paid; .. 0 0 9 0 16 Waihi 1 14 6 Waihi Grand Junction .. 0 5 0 Waitahu .. 0 4 8 0 5 0 Wetherstones 0 2 0 Skippers Ltd. (Is paid) 0 0 10! 0 0 11 Peninsula Tin (22s paid) 13 6 17 9

UNLISTED STOCKS AH transactions in stocks quoted in this section arc subject to a different rate of brokerage from listed stocks, and are not quoted on the official list. £ s. d. £ s. d. Ben Ledi <Gd pd.) 0 0 1 0 0 5 Claude Neon 2 4 6 2 10 0 Cant. Roller Flour 0 15 0 Dominion Life .. 0 2 9 Golconda Holding (Is pd.) 0 10 0 13 Industrie?. Lid. (12s paid) 0 1 (5 0 4 0 Invest. Ex. Trust ("B" Debs., 2nd issue) .. 93 10 0 95 0 0 N.Z. Perpetual Forests (cum div.) . . 2 0 0 N.Z. Woolpacks . . 0 5 0 Para Rubber (15s paid) 0 16 0 E. Reece, Ltd. (pref.) 0 1 11 Oswald M. Smith (£1 paid) 0 30 0 6 0 Smith, Wyllie 0 3 9 0 12 3 Snowy River 0 0 110 0 3 South Seas Fishing 0 7 0 0 16 0 Opitonui Develop. (£1 paid) .. 0 19 0 Vigilant Fire Alarm 0 13 Were's Investment Trust 0 4 6 Woo]worths (Vic.) (pref.) 15 9 17 0 Woolworths (Syd.) (ord.) 5 10 0 5 14 0 Worksop Exten. (Is paid) 0 18 0 1 11J AUCKLAND Sales on 'Change £ s. d. Ins. Stock. 1946, 4 p.c. .. 105 10 0 Auckland Harbour Board. 1947, s'. p.c. .. 103 0 0 Hikurangi Coal. 1948, 7 p.c. 60 0 0 Devon port Ferry .. 13 0 Auckland Gas .. 15 9 Taupiri Coal .. 0 16 0 N.Z. Newspapers .. 19 6 Union Oil .. ..176 Gillespie's Beach .. 0 1 11 Mahakipawa .. 0 12 0 1 2J 0 1 3 Mahakipawa (pref.) .. 0 1? Skippers (Is paid) .. 0 0 115

WELLINGTON Sales on 'Change £ s. d. 4 p.c. Inscr. Stock, 1949 .. 105 10 0 N.Z. Refrig. (conlr.) 0 8 9 (2i 0 9 0 N.Z. Breweries .. 22 1 DUNEDIN Sales on 'Change £ s. d. N.Z. Refrigerating (cont.) 0 810 Nevis Diesel .. 0 0 5 Sale Reported E., S., and A. Bank 5 8 0 SYDNEY On the Sydney Stock Exchange on Saturday sales were:— £ s. d. Commonwealth Bonds—--4 per cent., 1941 .. 108 10 0 Anthony Hordern 0 16 9 Associated Newspapers .. 14 9 British Tobacco .. .. 1 17 7$ Broken Hill Prop. .. 2 6 0 Dunlop Perdriau .. 018 6 WAR LOAN STOCK (BRITISH OFFICIAL TYIRET.ESS.) RUGBY, May 11. British 3i per cent. War Loan stock is Quoted as follows: £ s. d. May 11 .. . • 102 15 0 . May 9 .. • - 102 17 6 May 7 .. .. 103 1 3 May 4 .. .. 103 0 0 May 2 .. .. 102 16 3 April 30 .. ..102 15 0 April 27 .. .. 102 13 9 EGGS FOR LONDON HUGE FIGURES National Mark Egg Central, Ltd., London, has just completed the most successful year in its four-year history. It has dealt with 64,500,000 eggs, and has declared a dividend of 5 per cent "Egg Central" is a co-operative association of National Mark egg distributors, of which the primary object is to arrange the disposal of surplus National Mark eggs and to act as a market intelligence service for indicating weekly egg prices. These prices are observed by the organised distributors in London, and are regarded by the trade in the provinces as a correct indication of the market value of eggs for the week. It is administered by Mr E. T. Thornton-Smith, representing the Minister for Agriculture, and by an elected board of egg distributors. It is the central marketing organisation for National Mark eggs. The scheme is purely voluntary, but its benefits have been so apparent to the trade that the board has been able to obtain successfully a voluntary levy of id a long hundred of eggs from all its members to carry out its work. FOREIGN EXCHANGES , (BJUTISH OFFICIAL TtIKELESS.) RUGBY, May 11. Par. May 10. May 11. Paris, it. to _„ .„ „„ £1 124.21 77 9-32 77 11-32 JCew York, del. to £1 -1.866 5. i1l 5.11J Montreal, dol. to £1 4.866 5.1P). 5.184 Brussels, bolgasto£l 25 21.84* 21.86 Geneva, fr. to £1 25.2215 15.731 15.74J Amsterdam, fl. to £1 12.107 7.5!! 7.53* Milan, lire to £1 92.46 53 31-32 60 1-32 Berlin, retehmarken to £1 . . 30.48 12.90J 12.931 | Stockholm, kr. to £1 18.159 19.40 19.40 Copenhagen, kr. to£l 18.139 22.391 22.391 Oslo, fer. to I £1 18.159 19.90J 19.901 Vienna, schgs. to £1 31.585 28 28 Prague, kr. to £1 1G4.25 1224 122J Holninsfors, marks to £1 193.23 22G-J 23G| Madrid, pesetas to £1 25.2215 37 5-16 37 11-32 Lisbon, esciidos to £1 110 > 110 110 Athens, dracli to £1 875 530 530 Bucharest, lei to £1 SIS.6 510 510 Belgrade, dinars 23.2215 22.5 22.5 Kio de Janeiro, pence to Wilreis .. 4.892 4* 41 Buenos Aires, pence to dol. 47.577 SO J 3Ci Montevideo, pence to do!. 51 381 381 Bombay, pence to rupee 19 I 8 8-S3 18 3-33 Shanghai, pence pence to dol. * ijjj 153 Hong iConff, ■pcncotodol. * 17 5-16 17 Yokohama, pence to yen 24.57 141 141 Warsaw, par i zlotysto£l 43.36 2 7 I Batavia, E-uilders 12.107 7.50 7.51 I * Determined by prico oi silver.