STOCK EXCHANGES

Press, Volume LXX, Issue 21320, 13 November 1934, Page 13

STOCK EXCHANGES

CHRISTCHURCH YESTERDAY'S TRANSACTIONS After a quiet period during Carnival Week the share market was firm and buoyant, with good demand for most classes of stocks. There was a good volume of diversified business, with the bulk of the dealings in banks and industrials. Transactions, exclusive of vestibule business, were:—

Stocks and Bank Shares New Zealand Government 4 per cent. Stock, due 1955, changed hands at £ll3, and there were further sellers at that figure, buyers at £ll2 15s. Commercial Bank of Australia were firm, with sellers and business at 16s. Bank of New South Wales remained unaltered at £32, and there were further buyers at that price, sellers at £32 2s 6d. Bank of New Zealand rose to 50s, market closing Id on either side. Reserve Banks changed hands at £6 12s 3d, and more were offered at that price. Sellers of Union Bank of Australia reduced their limits to £9 3s (id. National Insurance, cum dividend, were firm, with dealings at 21s lOd, and further buyers at 21s Dd. United Building Society were firm, with buyers and business at 20s Od. New Zealand Refrigerating, fully paid, were firmer on buyers' offers, 20s 4d—the 10s paid were firmer at 9s lOd and 10s, market closing 9s 9d buyers, 9s lid sellers. North Canterbury Frozen Meat had business at 20s. Buyers of Kaiapoi Woollens fully paid ordinary raised their bids to 15s 3d. New Zealand Breweries had dealings at 50s and 50s Id. market closing 49s ftd buyers, 50s sellers. Tooths Brewery shares had dealings at 51s 9d, selWs staying in at that price, buyers at 51s 3d. ' Anthony Tlordern rose sharply to 17s (id and 17s Bd, closing quotations, 17=: 7d buyers. 17s 9d sellers. British Tobaccos eased to 41s 2d. market closing Id cither way. Dunlop Rubbers were fractionally firmer at 20s, closing quotations Id on either side. Electrolvtic Zinc prnfemnco had dealings at 35s 9d and 35s 6d, and there were further sellers at the lower price, buyers at 35s 4d Kauri Timbers weakened to 19s 3d Mining Bell Hoopers advanced to 4:Jd, and closed firmer, with buyers at sd, sellers at Sellers of Brian Borus came down to lid, buyers at 9Jd. Mossy Creek were firm, with buyers and business at 2s 3d, sellers at 2s 4id. Mount Lyells were easier, with business at 19s Id. and further sellers at 19s. Rawang Tin changed hands at 8s Id and Bs. and there were further sellers at the lower price. Unlisted Stocks Argo Gold remained unaltered at Is. Ben Ledi moved up to Is 2£d. A late sale of New Zealand Mining Investment on Thursday was reported at Is 2Jd, and business yesterday was at Is 2d. Procera Bread 10s paid advanced to 13s, buyers staying in at iat figure, sellers at 13s Id. Were's Investment Trust were steady, with buyers and business at 4s lOd, sellers at ss. Woolworths (Sydney) ordinary firmed to 75s 6d, sellers staying in at that price, buyers at 755.

Weddcl and Company, London, on September 27, reported that in colonial and miscellaneous varieties of hides prices had not improved. New Zealands were firmly held at 4£d for freezers and 4d for abattoirs. "Cape selections are a good deal scarcer, and much higher prices are likely to be quoted. It is reported that a very big line of East London-Port Elizabeths have been sold on the basis of sj|d and 4 : |d for firsts and seconds. Queensland Meat Works are held for 5Ad-53d, according to weight, South Australian-Victorians, 5Jd-6d. There is more interest for leather. Prices are reported as slightly better, and a good deal of enquiry for better class selections. It looks as though we are heading for a satisfactory leather fair which will be most gratifying to all concerned."

BACK FROM AUSTRALIA NEW ZEALAND FARMERS IMPRESSED (PBKS3 ASSOCIATION TELEGBAM.) AUCKLAND, November 12. A party of 16 farmers, mostly from Waikato, return by the Niagara to-day, after a tour of 3000 miles in New South Wales and Victoria. They were delighted by the wonderful hospitality they received, particularly from members of the Primary Producers' Union. The organiser said all formed the opinion that New Zealanders were better farmers than the Australians, who gave much less attention to topdressing. Among the places visited was a poultry farm with 75,000 hens which averaged 55,000 eggs daily all the year round. They also saw a farm owned by the Melbourne Board of Works and irrigated by the city's sewage. It comprised 23,000 acres, and carried 32,000 sheep, 1600 cattle, and 1000 horses, but these could not keep the grass down.

Sales on 'Change £ s. d. £300 N.Z. Govt. 4 p.c. Ins., 1955 113 0 0 200 Com. Bank of Aust... 0 16 0 25 Bank of N.S.W. (3) 32 0 0 300 Bank of N.Z. (5) 2 10 0 GO Reserve Bank (2) 6 12 3 200 National Ins. (cum div.) .. <2) 1 1 10 125 United Building Soc. 1 0 9 1000 N.Z. Refrig. (10s pd.) (6) 0 9 10 400 N.Z. Breweries (5) 2 10 0 200 Anthony Hordern .. 0 17 0 17 6 8 100 British Tobacco 2 1 2 400 Dunlop Perdriau Rub. (4) 1 0 o 300 Electro. Zinc (pref.) 1 15 9 (2) 1 15 6 100 Kauri Timber (cum div.) 0 19 3 500 Bell Hooper 0 0 4? 390 Mossy Creek 0 2 3 Sales Reported £500 N.Z. Govt. 4 p.c. Ins, 1955 113 0 0 45 Reserve Bank 6 12 3 200 North Cant. Freez. .. 1 0 0 200 N.Z. Breweries 2 10 1 2 10 0 300 Tooths Brewery (2) 2 11 9 500 Mount Lyell 0 19 1 200 Rawang Tin 0 8 1 0 8 0 300 N.Z. Refrig. (10s pd.) 0 10 0 UNLISTED STOCKS Sales on 'Change 500 Ben Ledi 0 1 2.', 200 N.Z. Mining Invest. 0 1 2" 200 Procera Bread (10s paid) (2) 0 13 0 200 Were's Invest. Trust 0 4 10 100 Woolworths (Sydney), ord. (2) 3 15 6 Sales Reported 300 Argo Gold (6d paid) 0 1 0 1000 N.Z. Mining Invest. (late sale Thur.) 0 1 21 100 Procera Bread (10s paid) 0 13 0

LATEST QUOTATIONS N.S5. Government Debentures Buyer Sellers. | £ s. d. £ s. d. 3J p.c Ins., 1939-43 108 5 0 109 15 0 3J p.c. Ins., 1941 . . .— 106 0 0 4 p.c. Ins., 1940 .. 104 10 0 105 0 0 4 p.c. Ins.. 1949 . . 109 0 0 109 10 0 4 p.c. Ins.. 1955 . . 112 15 0 113 0 0 4 p.c. Bonds. 1940 104 10 0 105 5 0 4 p.c. Bonds, 1940 108 15 0 — 4 p.c. Bonds. 1949 109 2 G — 4 p.c. Bonds, 1955 113 10 0 — Rural Bonds 103 10 0 — Other Debentures Booth. Macdonald, 6', p.c, 1937 69 10 0 71 10 0 Glaxo, 6i p.c, 1945 97 10 0 105 0 0 Gisbornc Sheepfarmers, Gi p.c, 1941 100 0 0 102 0 0 Banks Adelaide — 6 0 0 Australasia 11 5 0 11 12 0 Com. of Aust. .. 0 15 10 0 16 0 Com. of Aust. (pf.) 9 18 6 9 19 G Natl, of A/asia (£5pd., cum div.) 6 5 0 6 8 0 E., S.. and A. .. 5 2 0 5 5 0 New South Wales 32 0 0 32 2 G New Zealand 2 9 11 2 10 1 Reserve G 11 9 6 12 3 Union of Aust. . . 9 0 0 9 3 6 In sin ance A.P.A. 0 10 i) 0 U G Mercantile Mutual 1 4 0 — National (cum div. t 1 9 — Standard 3 8 G 3 15 0 Loan and Agency Dalgety and Co. tcum div.) 9 0 6 9 3 6 Goldsbrough, Mori 1 10 11 1 11 2 Invincible Building' Society 4 15 G — N.Z. Guarantee Corporation 0 5 5 0 5 G United Build. Soc 1 0 9 1 1 0 Shipping P.. and O. Def. Stock — 1 2 6 Frozen Meat Canterbury — 11 0 0 Canterbury (pref.) 5 16 0 — N.Z. Refrig. (£1 paid) 1 0 4 1 0 8 N.Z. Refrig. (10s paid) 0 9 9 0 9 11 North Canterbury 0 19 6 — Woollens Kaiapoi (17s pd.) 0 15 3 0 15 9 Kalapol (7s paid) 0 5 3 ■— Kaiapoi (pref.) .. — 1 0 5 Mosgiel U 0 Q —

Coal Buyers. Sellers. £ s. d. £ s. d. Westport (cum div.) 0 19 3 — Stockton (ord.) .. 0 2 0 0 3 0 Stockton (pref.) — 0 5 0 Gas Christchurch 1 14 3 — Christchurch (10s paid) 0 16 0 0 16 6 Timaru 1 2 0 — Breweries New Zealand 2 9 8 2 10 0 Staples 1 10 6 1 12 G Timaru (7/6 pd.) 0 7 6 0 8 3 Tooths 2 11 3 2 11 9 Miscellaneous Allied Motors 0 3 4 0 4 3 Anthony Hordern 0 17 7 0 17 9 Amal. Wireless (con.) 1 15 0 — Aust. Glass (cum div.) — 2 16 0 Aust. Iron and Steel (pref.) .. 1 3 0 1 3 6 Beath and Co. .. 1 12 0 1 14 0 Beath and Co. (Is paid) 0 9 9 0 10 3 British Tobacco 2 .1 1 2 1 3 Broken Hill Prop. (cum div.) 2 10 7 2 11 3 Burns, Philp (cum div.) 2 17 6 — Claude Neon (Sydney) 2 6 0 2 12 0 Colonial Sugar .. 73 12 0 74 5 0 Consolidated Brick 0 10 8 0 10 10 Dominion Fertiliser 1 0 9 113 Dunlop Perdriau Rubber 0 19 11 1 0 1 Electro. Zinc (ord.) 1 4 6 15 3 Electro. Zinc (pf.) 1 15 4 1 15 6 Hays, Ltd. (15s pd.) — 0 18 0 Hume Pipe (Aust.) 0 13 6 — Kauri Timber 0 19 0 0 19 6 N.Z. Farmers' Coop. (4i p.c. Stock, 1940) 87 5 0 88 10 0 N.Z. Farmers' Coop. (4A p.c. Stock, 1939) 87 0 0 88 10 0 N.Z. Farmers' Coop. (4i p.c. Stock, - 1945) 87 5 0 89 0 0 Quill. Morris (in liquidation) 0 3 0 0 3 3 Sun Newspapers 0 3 (» 0 3 11 Weeks. Ltd. 8 0 0 — Wilson's Cement (cum div.) — 1 14 8 Woolworths (N.Z.) (ord.) 8 10 0 — Woolworths (N.Z.) (pref.) 1 19 6 2 10 MiningAlexander — 0 18 6 Alexander (14/0 paid) — 0 16 6 Aotearoa — 0 0 11 Bell Hooper 0 0 5 0 0 5J Bendigo Goldlights 0 0 lOi 0 0 11 Big River 0 1 7 0 18 Brian Boru 0 0 94 0 0 11 Deep Lead (cum div.) o i Hi 0 2 1 Gillespie's Beach 0 1 7i 0 1 81 Golconda Holdings 0 1 6 0 2 0" Golden Dawn — 0 2 2 Golden Point 0 0 2 Golden Sands .. 0 2 81 Goldfields Dredg. 0 0 91 0 0 101 Kildare 0 2 2 0 2 3 King Solomon .. 0 3 6i 0 3 9 Kuala Kampar .. _ 0 14 9 Lawson's Flat .. 0 0 22 0 0 0 Maerewhenua 0 0 5 0 0 51 Mahakipawa 0 0 91 0 0 10 Mahakipawa (pf.), 1929 issue 0 1 1 6 1 3i Mahakipawa (pf.), 1930 issue 0 1 1 — Moonlight Nelson Creek 0 0 2 0 0 2.', Mossy Creek 0 2 3 0 2 41 Mount Lyell 0 18 6 0 19 0 Nevis Diesel Elec. 0 0 41 _ Nokomai 0 3 4 0 3 11 Ok;;rito 0 8 8 0 9 0 Rawang Tin 0 7 3 0 8 0 Stafford Sluicing 0 1 1 0 12 Upper Shotovcr <9d paid) — 0 0 10 Waihi .. 1. 10 9 — Waihi Gd. June. 0 4 7 0 4 9 Wnitahu — 0 3 11 Worksop Extended (ex div.) 0 3 0 0 3 4

UNLISTED STOCKS All transactions s subject to different rate of brokerage. £ s. d. £ s. d. Argo Gold (6d paid) 0 0 11 0 10 Ben Ledi 0 1 12 : 0 1 V 2J Golden Gully (Is paid) — 0 0 11 Jones Nevis 0 0 8 0 0 10 Maori Gully (Is paid) 0 15 0 1 0 N.Z. Mining Investment 0 12 0 1 2i Pyne and Co., 4 p.e. B Perpetual — 101 0 0 Procera Bread (10s paid) 0 13 0 0 13 1 E. Recce, Ltd. (pref.) • .. 0 2 6 — Regent Pictures (Christchurch) — 0 3 6 Snowy River — 0 0 2 Were's Invest. Trust 0 4 10 0 5 0 Woolworths (Syd.) ord. 3 15 0 3 15 6 AUCKLAND Sales on 'Change £ s. d. Stock, 1938-52, 3J p.c. 109 10 0 Stock, 1940, 4 p.c. 104 10 0 Stock, 1946, 4 p.c. 108 17 6 Bank of N.Z. (3) 2 10 0 Reserve Bank 6 12 6 N.Z. Insurance 3 10 0 Claude Neon (Sydney) 2 11 6 Wilson's Cement .. 1 14 7 Skippers, Ltd. (2) 0 0 7i Waihi Junction 0 4 9 Broken Hill Proprietary .. 2 11 0 WELLINGTON Sales on 'Change £ s. d. Amal. Brick (Wei.) , n\ p.c, 1944 104 0 0 Bank of N.S.W. 32 0 0 Reserve Bank 6 12 6 Union Bank 9 3 6 N.Z. Guar. Corp. (late Sat.) 0 5 6 N.Z. Insurance (late Sat.) 3 9 9 Westport-Stockton (pf.) .. 0 4 11 Colonial Sugar 74 2 6 Dunlop Rubber 1 0 3 Waihi Junction <2> 0 4 10 Mahikipawa (2) 0 0 9} (2) 0 0 10

DUNEDIN Sales Reported £ s. d. Waihi (late Saturday) 1 17 9 National Insurance 119 Dominion Rubber 19 6 Reserve Bank C 12 G 6 12 3 South British Insurance .. 4 12 0 Wilson's Cement (cum div.) 1 14 G N.Z. Breweries . . (2) 2 10 0 Bell Hooper 0 0 41 0 0 5 SYDNEY On the Sydney Stock Exchange yesterday there was a generally strong tone, though a somewhat quiet market prevailed lor leading industrials and trading shares. Morning Sales £ s. d. Commonwealth Bonds, 4 p.c, 1961 Ill 7 6 Bank of Australasia 11 10 0 Anthony Hordern 0 18 3 Colonial Sugar 74 17 6 Afternoon Sales Colonial Sugar 74 17 6 Com. Bank of Sydney 17 16 0 National Bank (£10 paid) 12 14 6 Associated Newspapers 15 9 Associated Newspapers (pf.) 15 0 Huddart-Parker 1 17 9 Australian Gas A 8 2 0 British Tobacco 2 16 Tooth's Brewery 2 11 6 Carlton Brewery 2 10 9 Dunlop Perdriau 10 3 Dunlop Perdriau (pref.) .. 1 17 9 Goldsbrough, Mort 1 11 4£ Winchcombe. Carson 18 6 Greater J. D. Williams .. 0 6 9 Henry Jones 1 15 6 Electrolytic Zinc 15 0 Farmers 16 6 Anthony Hordern 0 18 0 Lustre Hosiery 1 5 4J Standard Cement 0 19 9 Mount Morgan (ex rights) 1 15 6 Broken Hill Proprietary .. 2 11 6 North Broken Hill 4 17 0 Placer Development 23 15 0 MELBOURNE £ s. d. Australian Glass 2 15 9 British Tobacco 2 16 Dunlop Perdriau 1 18 0 Howard, Smith 0 16 4 Broken Hill South 3 17 0 Broken Hill Prop. 2 11 6 Electrolytic Zinc 15 3 Mount Lyell 0 18 6 Herald and Weekly Times 2 17 6 Goldsbrough, Mort 1 11 6 HIDES AND LEATHER IMPROVED PROSPECTS