STOCK EXCHANGES

Press, Volume LXX, Issue 21290, 9 October 1934, Page 13

STOCK EXCHANGES

CHRISTCHURCH YESTERDAY'S TRANSACTIONS There was a moderate turnover on call yesterday, and business was well spread. Transactions, exclusive of vestibule business, were:— Sales on 'Change £ s. d. 200 Comm. Bank of Aust 0 16 2 0 16 3 10 Bank of N.S.W. .. 32 7 6 25 Reserve Bank (2) 6 9 6 100 Goldsbrough, Mort .. 11l 0 150 N.Z. Guarantee Corp. (cum div.) . . 0 5 4 .100 United Building Soc. 10 0 100 N.Z. Breweries . . 2 9 6 150 Tooths Brewery (2) 2 8 0 100 Dunlop-Perdriau Rubber . . . . 0 1!) 5 1000 Bell Kilgour 0 0 3 1200 Brian Boru .. <3) 0 14 500 Gillespie's Beach .. 0 19 600 Nevis Diesel Elec. .. 0 0 4.' ( 300 Worksop Extended .. 0 2 1! Sales Reported £SOO Christchurch Tramway Board, 4j p.c., 1/2/57 . . .. 108 0 0 10 Bank of N.S.W. .. 32 5 0 100 Goldsbrough, Mort. .. 1 11 0 200 Christchurch Gas (10s paid) .. .. 0 16 9 200 N.Z. Breweries (2) 2 9 6 50 Broken Hill Prop. .. 212 11 100 N.Z. Paper Mills . . 1 13 6 500 Moonlight Nelson Creek .. .. 0 0 2J 500 Nevis Diesel Elec. . . 0 0 41 1500 Skippers . . (2) 0 0 7 UNLISTED STOCKS Sales on 'Change 100 Woolworths (Sydney), ord. (2) 316 0 Sales Reported 600 Golden Gully (Is pd.) <2) 0 10 150 Woolworths (Sydney), ord., late sale Saturday .. 3 16' 6 150 Woolworths (Sydney), ord. .. (3) 316 0 Debentures and Bank Shares A parcel of Christchurch Tramway Board 41 per cent, debentures, due 1957. changed hands at £IOB. Commercial Bank of Australia were firmer with dealings at 16s 2d and 16s 3d and further buyers at 16s 2d, sellers at 16s 4d. Bank of New South Wales changed hands at £32 7s 6d and £32 ss, and these were sellers' and buyers' closing quotations respectively. Reserve Banks had dealings at £6 9s 6d, buyers staying in at that price, sellers at £6 10s. Genera". Goldsbrough, Morts advanced to 31s, and more were wanted at that figure, sellers at 31s Id. New Zealand Guarantee Corporation, cum dividend, were fractionally firmer at 5s 4d, market closing Id on either side. United Building Society had business at 20s 9d, and there were further buyers at 20s 7d, sellers at 21s 2d. Christchurch Gas, 10s paid, rose to 16s 9d, market closing 16s buyers, 17s sellers. New Zealand Breweries were firm with buyers and dealings at 49s Gd, sellers at 49s 7d. Tooths Brewery shares changed hands at 435, and more were wanted at that price, sellers at 48s Id. Broken Hill Proprietary remained at 52s lid, and there wcrj further sellers at 535. buyers at 52s 9d. Dunlop Perdriau Rubbers had business at 39s 3d, sellers staying in at that price, buyers at 19s 4d. New Zealand Paper Mills moved up to 33s 6d, closing quotations 33s 3d buyers, 34s 6d sellers. Mining Bell Kilgours were a si.-dc easier with sellers and business at 3d. Brian Borus were fractionally firmer at Is 4d, market closing Jd either way. Gillespie's Beach were steady at Is 9d, market closing Is Bid buyers, Is lOd sellers. Moonlight Nelson Creek were a shade stronger with buyers and business at 2Jd, sellers at 2"; d. Nevis Diesel Electric appeared tronger with dealings at 4Jd and 4]d, and these were sellers' and buyers' closing quotations, respectively. Skippers remained unaltered with sellers and dealings at 7d. buyers at 6Jd. Worksop Extended I were a shade easier with sellers and | business at 2s ljd, buyers at 2s Id. Unlisted Stocks Golden Gully, Is paid, were frae- j tionally firmer at Is. A late sale of j Woolworths (Sydney), ordinary, on j Saturday was reported at 76s Gd — j dealings to-day were at 76s with fur- j ther sellers at 76s 3d, buyers at 75s Gd. . LATEST QUOTATIONS N.Z. Government Debentures Buyers. Seller.". £ s. d. £ s. d. 31 p.c. Ins., 1938-52 110 0 0 31 p.c. Ins., 1939-43 109 0 0 3i\ p.c. Ins., 1939-52 110 5 0 3 a p.c. Ins., 1941 104 10 0 109 0 0 4 p.c. Ins., 1940 .. 106 0 0 107 10 0 4 p.c., Ins., 1946 .. 109 0 0 109 15 0 4 p.c. Ins., 1949 .. 11l 2 6 4 p.c. Ins., 1955 . . 112 15 0 113 0 0 4 p.c. Bonds, 1940 4 p.c., Bonds, 1946 109 5 0 4 p.c. Bonds, 1949 111 5 0 4 p.c. Bonds, 1955 112 15 0 Rural Bonds .. 102 5 0 104 0 0 j

Other Debentures Booth, Macdonald, 6i p.c, 1937 ..

Banks Australasia .. 115 0 1115 0 Com. of Aust. .. 0 16 2 0 16 4 Com. of Aust. fpf.) 9 17 G 10 3 0 Com. of Sydney 17 11 6 17 15 0 E., S., and A. .. 5 5 0 5 7 6 Natl, of A/asia. (£lO pd.) •■ ~ 13 1 6 Natl, of A/asia. _ (£5 pd.) .. 6 4 0 6 8 0 National of N.Z. (£5 pd.> .. 3 13 6 • 3 15 0 New South Wales 32 5 0 32 7 6 New Zealand .. 2 8 3 2 8 10 New Zealand ("D" Mort. shares) .. 1 13 0 1 4 b Reserve • • 6 0 0 6 10 0 Union of Aust. .. 9 6 0 3 12 0 Insurance APA .. 0 11 3 0 11 8 Merc. Mutual .. 1 3 i) 14 9 Queensland . • 3 10 0 "" Standard •• Loan and Agency Ch.Ch. Build. Soc. 13 12 0 17 0 0 Dalgety and Co. 9 5 6 10 0 0 Goldsbrough Mort. 1 11 0 1 11 1 N.Z. Guar. Corpn. (cum div.) .. 0 5 3 0 5 5 N.Z. Loan & Merc. (ord. stock) . . o2 0 0 N.Z. Loan &Merc. (ord. stock) .. -- 52 0 0 Perm. Investment 9 f> 0 Si lo u United Bldg. Soc. 10 7 112 N.Z. Mort. Sec. .. 0 17 0 12 6 Winchcombe. Car- & q g g Shipping: Huddart, Parker (pref.) .. 1 10 6 Frozen Meat Canterbury .. 9 15 0 10 10 0 N.Z. Refrig. (£1 n n paid) .. 0 19 2 10 0 N.Z. Refrig. (10s paid) .. 0 9 0 0 9 9 Woollens Kaiapoi (17s pd.) 0 12 10 Kaiapoi (7s pd.) .. 0 3 9 0 4 G Mosgiel .. 10 10 0 Coal Westport .. 0 19 3 Stockton (pf.) .. 0 4 9. 0 5 0 Gas Christchurch (10s paid) .. 0 16 0 0 17. P

Breweries Buyers. Sellers. £ s. d. £ s. d. Carlton .. 2 8 0 Monteiths .. 0 14 6 New Zealand .. 2 9 6 2 9 7 Timaru (7s 6d pd.) 0 6 6 0 7 2 Tooths .. 2 8 0 2 8 1 Miscellaneous Assoc. Newspapers 13 9 Amalg. Wireless (cont.) 19 0 115 0 Anthony Hordern 015 10 016 0 Aust. Distillery . . Australian Glass 213 0 214 6 Aust. Iron and Steel (pf.) .. 13 3 1 311 Beath and Co. (cum div.) .. 113 0 114 0 Beath and Co. <ls pd., cum div.; 010 0 010 6 British Tobacco .. 119 4 119 9 Broken Hill Pty. 212 9 213 0 Claude Neon (Svd.) 2 16 Colonial Sugar .. 68 0 0 69 0 0 Consol. Brick .. 011 0 011 1 D.I.C. (10s pd.) .. 015 3 Domin. Bldrs. Sup. 0 3 0 0 4 0 Dominion Fert. .. 10 3 10 9 Dunlop Perdriau Rubber . . 0 19 4 0 19 5 Electro. Zinc ford.) 17 6 17 9 General Motors, Holdcn's (pf.) .. 12 0 Hays, Ltd. (15s pd., cum div.) . . 015 6 10 0 Holden's Airways 17 0 115 0 Mason Struthers (£1 pd.) .. 012 6 016 6 Mason Struthers (10s pd.) .. 0 5 6 Natl. Electric .. 0 8 3 New Colosseum .. 15 3 18 0 N.Z. Drug Co. .. 318 0 N.Z. Farmers' Coop, list pf.) .. 2 0 6 N.Z. Farmers' Coop. <"B" pf.) . . N.Z. Farmers' Coop. (4.' p.c. stk., 1940) .. 86 10 0 90 0 0 N.Z. Farmers' Coon. (4£ p.c. stk., 19451 .. N.Z. Farmers' For!. N.Z. Newspapers 112 0 113 3 N.Z. Paper Mills 113 3 114 C Northern Roller Mill, (cum div.) 1 14 0 Quill, Morris (in liquidation) .. 0 2 8 0 3 0 Sun Newspapers 0 310 0 311 Taupo Totara Timbet- .. 0 5 0 0 6 3 Wilsons Cement . . 112 0 Woolworths (N.Z.) (ord.) .. 7 15 0 Woolworths (Svd.) (2nd pf. > .. 15 6 17 9 Mining; Addison's Flat . . —■ 0 2 6 Alexander .. - 0 18 0 ■Alexander (14s paid) .. 015 0 015 2 Aokaroa .. -- 0 13 Bell Hooper . . 0 0 3 0 0 4 Bell Kilgour .. 0 0 2 : { 0 0 3 IBendigo Gokttights 0 0 111 0 10 Big River . . 0 1 6i 0 1 71 Blackwatcr . . 1 13 6 I Brian Boru .. 0 1 3', 0 1 4.'. Central Shotover 0 0 B', Consolidated . . 0 19 0 Deep Lead .. 0 19 0 111 Eur;»tha . . 0 12 6 Gillespie's Beach 0 1 B', 0 1 10 Glenroy . . 0 10 Golconda ClOd paid) . . 0 0 1 0 0 6 Golconda Holdings 0 1 0 Golden Point . . 0 0 01 0 0 21 Kildarc .. 0 1 11 0 2 0 King Solomon 0 3 5 0 3 9 Lawson's Flat .. 0 0 21 0 0 3 Maerewhenua . . 0 0 4 0 0 5 Mahakipawa . . 0 0 101 0 0 11 Mahakipawa (pf.) .1929 anri 1930 issues . . 0 12 0 14 Mataki 0 2 4 0 2 8 Mining House Con. (9d paid) . . 0 0 11 0 0 31 Moonlight Nelson Creole 0 0 21 0 0 2] Mossy Creek 0 110 0 2 3 Mount L.vell . . 018 (i 019 2 Mount Morgan (cum div.) . . 112 0 113 6 Murray Creek . . 0 2 6 _ Nevis Diesel Eire. 0 0 -i', 0 0 41 New Cornish Pt. (Is paid) . . -•• (I 0 10 New Cornish Pt. (9d paid) .. -■- 0 0 7 Nokomai . . 0 2 ?, 0 310 Okarito 0 8 6 0 9 0 Oxen bridge Shotover .. Sandhills Gold .. 0 0 5 Skippers . . 0 0 6'.'. 0 0 7 Stafford Sluicing 0 1 II Talisman Dubbo (J ]:; (f V/aihi (cum div.) 1 14 0 Waihi Grand. J. -- 0 4 21 Waitahu . . _ 0 4 3 Worksop Extended 0 2 1 0 2 11 TNLISTED STOCKS

All transactions in stocks quoted in this section are subject to a different rate of brokerage from listed stocks and are not quoted on the official list. Buyers. Sellers.

£ s. d. L s. d. Andersons. Ltd. <pf.). ex bonus I 0 0 Associated Motorists fpref.J . . 11C 1 3 0 Argo Gold (4id paid) .. 0 0 0 Bon Ledi fls pel.) 0 0 10J 0 1 0 Coulls. Somerville. and Wilkie .. Golden Gully Is paid) _ 0 10 Golden Gully (Od paid) . . Jones Nevis . . 0 0 B.'.- 009 Mining Research --- 0 1 2 Maeetown fls pd.) - 0 1 3 Mauri Gully (Is Paid) .. 0 10 _ N.Z. Mining Investment . , 0 10 Procera Bread (10s Paid) •. 0 13 0 E. Recce, Ltd. fpref.) .. 0 2 6 Smith, W.viie .. Snowy Hivcr . . 0 0 1 South Seas Fishing (,C1 paid) Vigilant Fire Alarm .. 0 17 Woolworths (Vic.) fpref. cum div." 17 0 18 6 Woolworths (Syd.) (oid.) .. 315 6 316 3

WELLINGTON Sales on 'Change £ s. d. Ins. Stock, 4 p.c, 194G .. 10f) 0 0 Bank of N.Z. (D prer.) .. 1 14 8 (Late Saturday) .. 114!! Standard Insurance (late Saturday) .. 3 10 3 N.Z. Breweries .. 2!) 7 Gillespie's Beach .. 0 1 9.', Mossy Creek (late Sat.) 0 1 <T

AUCKLAND Sales on 'Change £ s. d. Gisborne Sheep Farmers, 1941, 6J p.c. ..100 5 0 Bank of N.Z. .. 2 8 9 N.Z. Insurance .. 3 9 6 Auckland Gas .. 16 8 (2) 16 9 Devonport Ferry (2) 14 0 Claude Neon (Sydney) .. 22 0 Elect. Zinc .. 17 6 Farmers' Fertiliser .. 019 9 N.Z. Newspapers .. 112 6 Sanford, Ltd. .. 0 3 2 Bell Kilgour .. 0 0 3] Brian Boru .. 0 14 Golconda .. 0 0 4 Mahakipawa .. 0 0 101 Mataki (2) 0 2 7" Broken Hill Pty. .. 2 12 10 (3) 2 13 0 Unlisted Stocks Woolworths (Syd.) (ord.) 316 0 DUNEDIN Sales on 'Change £ s. d. Woolworths (Sydney) .. 3 16 0 Bendigo Goldlight .. 0 0 11-i Big River .. .. 0 1 6i Sales Reported Broken Hill Propty (2) 213 0 Woolworths (Sydney) .. 3 18 0 Gillespie's Beach .. 0 19 Nevis Diesel .. 0 0 4i Wcstport Coal .. 019 1 SYDNEY Sydney Stock Exchange values generally were firmly maintained today, with new high mark for Colonial Sugars. Morning' Sales £ s. d. Commonwealth Bonds—--4 per cent., 1961 ..111 7 6 Anthony Hordern .. 016 4£ Broken rlill Prop. .. 2 13 0 DunlopPerdriau .. .. 019 7i Howard Smith .. 0 16 3 Afternoon Sales Bank of New South Wales 32 7 6 National Bank (£5 pd.) .. 6 7 0 United Insurance .. 1110 0 Australian Provincial Assurance .. .. 0 116 Colonial Sugar .. 63 17 6 Associated Newspapers .. 14 9 Assoeiat cd Newspapers (pre! ) .. 1 5 li Howard Smith .. .. 0 16 3 Hoyts IB prof.) .. 014 6 Australian Cas, A ..816 British Tobacco .. .. 1 19 3 Tooth's Brewery .. 2 9 0 Toohcy's Brewery .. 1 9 1-J Dunlop Perdriau .. 0 19 7.1 Goldsbrough, Mort .. 1 11 0 Wilcox, Momin .. .. 0 10 fi Morris Hcdslrom .. .. 0 17 6 Anthony Hordern .. 016 3 Anthony Hordern (pref.) .. 14 6 Drug- Houses of Australia 116 Lustre Hosiery . .. 15 0 United Provisions .. 116 Wunderlich . . .. 1 3 7J Amalgamated Textiles .. 0 12 9 Mount Morgan . . .. 1 12 9 Sou(.•!■> Broken Hill .. 3 11 6 Kuala Kumrar .. 0 15 \\ Placer Development .. 26 0 0 MELBOURNE £ s: d. Commercial Bank of Australia . . . . 0 16 6 Commercial Bank of Australia (pref.) . . 918 0 Commercial Bank of Sydney .. .. 17 15 0 Metropolitan Gas .. 14 10 0 Electrolytic Zinc (pref.) .. 1 15 6 "Herald" and "Weekly Times" .. .. 2 13 6 Goklsbrough, Mort .. 1 11 0 National Bank (1:5 pd.) .. (i 6 0 Peninsula Tin .. .. 100

AMERICAN BUSINESS

J'KRIOI) OF RECESSION Attributed chiefly to the drought in America and to the high cost of production resulting from increased wages and .shortened hours imposed by the code;; under the national recovery plan, the third quarter of the year is described by the Cleveland Trust Company's August bulletin as "a period of general business recession." 'J he bulletin states that the first quarter was a time of rapid business expansion, security advances, rising wages, mid. most hopeful declines in the volume of unemployment. There was reason to hope, it says, that expanding business was on its way to taking over from the Government most of the burden of relief. Then, in the second quarter, the advances became slower, and by June the volume of industrial production turned downward a little. In the third quarter the declines have become pronounced. The volume of industrial output has fallen by distinctly more than the normal seasonal percentage. Unemployment is growing, and the burden of public relief payments is increasing in even greater degree. There have been rather serious declines in the security markets. Building construction, except for public projects, is at a low level. There has been a disappointingly small increase in new private financing. Business sentiment is ,clearly beset by doubts, and its policies are' being guided by self-protective caution. Business has become thoroughly conservative, and has created an atmosphere of affairs in which enterprise is hesitant, and adventurous initiative is almost suspended.