STOCK EXCHANGES

Press, Volume LXXI, Issue 21399, 15 February 1935, Page 13

STOCK EXCHANGES

CHRISTCHURCH YESTERDAY'S TRANSACTIONS « Markets were more active on call yesterday, and there was a good volume of diversified business with the bulk of the dealings in gold mining shares. Banks, frozen meat, and breweries attracted a moderate turnover. Transactions, exclusive of vestibule business, were:—-

Bank Shares Commercial Bank of Australia were easier at 16s sd, market closing Id on either side. E., S., and A. Bank had business at £4 19s, buyers staying in at that price, sellers at £5. Bank of New Zealand were easier with sellers and dealings at 50s, buyers at 49s lOd. Sellers of Goldsbrough, Morts reduced their limits to 28s, New Zealand Loan and Mercantile' ordinary stock was easier at £46 10s. New Zealand Refrigerating, fully paid, changed hands at 19s 6d, and the 10s paid at 9s sd, 9s 4d, and 9s 6d, and both issues closed firm. Sellers of Gear Meat came down to 22s 3s, buyers at 21s 6d. New Zealand Breweries recovered to 50s 6d, and more were wanted at that price, sellers at 50s Bd. Timaru Brewery, 10s paid, moved up to 12s 6d, buyers staying in at that figure, sellers at 13s 3d. British Tobaccos remained unaltered at 38s Id, closing quotations Id on either side. Broken Hill Proprietary eased to 52s 6d, market closing 3d either way. Mining Brian Borus were easier with sellers and business at sd; buyers at 4d. Goldfields Dredging were a shade easier with buyers and business at Bd, sellers at B£d. King Solomons remained unaltered at 3s lid, and there were further sellers at 3s ll£d, buyers at 3s lOd. Lawson's Flat were firm at 3Jd, market closing 3d buyers, 4d sellers. Maerewhenua had business at ljd, buyers staying in at that price, sellers at 2id. Mahakipawas were firm with buyers and business at lOd, sellers at IOJd. Maori Gully were steady with sellers and business at Is 4d, buyers at Is 3d. Mount Lyells changed hands at 17s lOd and 17s 7d, and there were further buyers at the lower price, sellers at 17s Bd. Nevis Diesel Electric were a shade easier with sellers and dealings at ljd, buyers at l|d, Okaritos, cum dividend, were fractionally firmer at 8s and 8s OJd, market closing 8s buyers, 8s 6d sellers. Rawang Tins were firm with buyers and business at Bs, sellers at 8s 2d. Skippers had dealings at s|d and 6d. and these were buyers and sellers' closing quotations respectively. Unlisted Stocks Argo Gold, Is paid, remained unaltered with dealings and further sellers at Is 6d, buyers at Is s£d. Woolworths (Sydney), ordinary, were firmer at 94s and 92s 6d, and more were offered at the lower price, buyers at 92s 3d.

LATEST QUOTATIONS

UNLISTED 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.

SYDNEY On the Sydney Stock Exchange yesterday the general market was weak. Bonds improved slightly in response to increased demand, but most industrial issues were marked down by small amounts. Morning Sales

MELBOURNE

FOREIGN EXCHANGES

FOREIGN EXCHANGE RATES The Bank of New South Wales, Christchurch, quoted the following rates as ruling yesterday for its sales and.purchases of foreign exchange. The rates ara subject to alteration without notice:—

DOLLAR-STERLING EXCHANGE The Associated Banks (other than the Bank of New South Wales) quoted the following dollar-sterling rates yesterday, which are subjeci to alteration without notice:— ILS.A. C*anada. dol. doL Conversion of dollar tolls received for collection and sale of dollar drafts and telegraphic transfers .. 4.86 4.87 Purchase of dollar bills ... 4.90 4.91 On a New Zealand currency basis these rates are equivalent to:— Selling— T.T. 3.901 3.91J „ . CD. 3.90f 3.91J Buying— O.D. 3.931 3.94}

WHEAT TRADING CHICAGO FUTURES

SALES TAX RECEIPTS HICH DECEMBER YIELD Sales tax collected in the Dominion during December amounted to £202,383; which is the highest monthly total except In November, when the receipts were £205,256. In December, 1933, the collection was £166,847. The December yield indicates a continuation of the higher volume of wholesale transactions which has been a feature of recent months. DAIRY PRODUCE MARKET SLOW The New Zealand Loan and Mercantile Agency Company advise that they have received a cablegram from their London office under date February 13, giving the market quotations as follows: , . ~ , Butter—New Zealand choicest salted 91s. Market slow. Cheese: 48s to 49s 6d. Market quiet. The South Island Dairy Association, Ltd has received the following market report from the New Zealand Produce Association, Ltd., London: — Butter—Steady, 925, Danish 120s. Cheese—Firm. White 495, coloured 48s 6d. METALS MARKET

FAIRLIE STOCK SALE There was a (rood y.-irriiiip of fat and store Initios at the fortnightly sale held at Kiiirlie on Tuesday. The demand for More lambs whs keen, mid good prices were realised. The new block of yards were, used for the first time, and complimentary reference was made by the auctioneers to the The new yards, which contain some 50 pen';, together with drafting facilities, have a holdinc capacity of about 4000. When fund.-, are available it is hoped by the pale-vm-.ls compauv to erect another block, and "eventuiillv to'have. Iho whole of llin yard i renewed.' For the ."00 fat lambs penned prices from 77s fid to 22s ruled. The 2.T00 store lambyarded brouehf from Ms to 18s (id. Fat wethers bronchi from 17s r,d to 2fis Id. and fat ewes 0s In 10s. A number of pis:-", and «ei.ncrx were sold for 1 .'s.

Sales on 'Change £ s. d. 300 Comm. Bank of Aust (3) 0 16 5 50 E., S., and A. Bank .. 4 19 0 150 Bank of N.Z. (2) 2 10 0 £100 N.Z. Loan and Merc. (ord. stk.) 42 10 0 109 N.Z. Refrig. (£1 pd.) 0 19 6 400 N.Z. Refrig. (10s pd.) (2) 0 9 5 0 9 6 200 N.Z. Breweries (3) 2 10 6 100 Timaru Brewery .. . 0 12 6 100 British Tobacco 1 18 1 100 Broken Hill Prop. .. 2 12 6 500 Brian Boru 0 0 5 1000 Goldfields Dredging 0 0 8 100 King Solomon 0 3 11 500 Maori Gully 0 1 4 500 Lawson's Flat 0 0 3£ 1000 Maerewhenua 0 0 u 500 Mahakipawa 0 0 10 10b Mount Lyell , .. 0 17 7 500 Nevis Diesel Elec. .. 0 0 If 100 Okarito (cum div.) .. 0 8 0 0 8 04 100 Rawang Tin (cum div.) 0 8 0 500 Skippers 0 0 51 Sales Reported 100 N.Z. Refrig. (10s pd.)0 9 4 200 Mount Lyell 0 17 10 1000 Skippers 0 0 6 50 Okarito (cum div.) .. 0 8 Oh UNLISTED STOCKS Sales on 'Change 1000 Argo Gold (Is pd.) (3) 0 1 6 75 Woolworths (Syd.), ord. .. (2) 4 12 6 Sales Reported 25 Woolworths (Syd.), ord. 4 14 0

N.Z. Government Debentures Buyers. Sellers £ s. d. £ s. c . 4 p.c. Ins.. 1937-40 102 2 6 102 10 0 4 p.c. Ins., 1943-46 106 0 0 107 0 0 4 p.c. Iv\ 1946-49 107 0 0 108 0 0 4 p.c. Bonds, 193740 .. .. 102 5 0 — 4 p.c. Bonds, 195255 .. .. 109 0 0 — Other Debentures Booth, Macdonald, 6J p.c, 1937 ... — 70 10 0 Banks Australasia .. 11 0 0 11 12 6 Comm. of Aust. 0 16 4 0 16 6 Comm. of Aust. (pref.) .. 9 7 6 9 19 6 E., S., and A. .. 4 19 0 5 0 0 Natl, of A/asia (£10 paid) .. — 13 2 6 Natl, of- A/asia (£5 paid) .. 6 6 0 6 8 0 Natl, of N.Z. .. — 3 11 0 New Zealand .. 2 9 10 2 10 0 New Zealand (D Mort. shares) .. 1 11 10 1 12 0 Rqserve .. 6 7 6 6 10 6 Union of Aust. .. 8 2 6 8 19 0 Insurance National .. 1 2 10 1 3 1 New Zealand (ex div.) .. •• — 3 8 0 South British .. — 4 17 6 Loan and Agency iGoldsbrough, Mort 1 7 5 1 8 0 National Mortgage ("A" cum div.) 2 12 0 — National Mortgage ("B" cum div.) 1 10 9 — N.Z. Guar. Corpn. 0 6 0 0 6 1 N.Z. Loan and Merc. (ord. stk.) 40 0 0 48 0 0 N.Z. Loan and Merc. (pref. stk.) 70 0 0 — Permanent Invest. 9 10 0 11 0 0 United Bldg. Soc. 1 2 1 1 3 0 Wright, Stephenson and Co. (pref.) 0 19 3 i r 0 Frozen Meat Canterbury .. — 10 15 0 Gear .. ..11 6 1 2 3 N.Z. Refrig. (£1 paid) -. 0 19 7 0 19 8 N.Z. Refrig. (10s paid) ..0 9 6 0 9 7 Woollens Bruce .. .. 0 13 6 — Kaiapoi (17s paid) 0 14 0 0 15 3 Kaiapoi (7s paid) 0 4 6 0 5 4 Coal Westport .. — 1 2 0 Stockton (pref.) — 0 4 9 Gas Christchurch .. 1 14 6 1 15 3 Timaru •. — 1 2 6 Christchurch (10s paid) .. 0 16 6 —

Breweries ' Buyei 5. Sellers. £ s. d. £ s. d. Carlton (cum div.) 2 14 9 New Zealand / .. 2 10 6 2 10 8 Staples 1 12 0 Timaru 0 12 6 0 13 3 Timaru (7s 6d paid) 0 8 6 0 9 3 Tooheys 1 8 6 — Tooths 2 8 3 2 8 6 Miscellaneous Amalg. Wireless (contr.) 2 1 0 2 3 0 Anthony Hordern 0 17 7 0 18 6 Aust. Distillery .. — 14 0 Aust. Glass 3 1 0 3 2 6 Beath and Co. .. 1 10 0 1 13 0 British Tobacco .. 1 18 0 1 18 2 Broken Hill Prop. 2 12 3 2 12 9 Burns, Philp 3 1 0 — Claude Neon (Sydney) 2 0 0 — Colonial Sugar .. 40 12 6 41 10 0 Consolidated Brick 0 9 0 0 9. 9 Dominion Fert. .. 1 1 6 — Dunlop Rubber .. 0 18 9 0 18 10 Electro. Zinc (ord.) 1 1 6 12 0 Evans Atlas Flour 1 10 0 2 0 0 Howard Smith .. — 0 17 0 Hays, Ltd. (15s paid) 0 15 9 — Hume Pipe (Aust, cum div.) 0 14 0 0 17 0 Kauri Timber 0 19 3 10 1 New Colosseum .. — 1 11 0 N.Z. Drug Co. .. 3 17 0 — N.Z. Farmers' Coop. (10s paid) .. — 0 16 N.Z. Farmers' Coop. (1st pref.) .. — 2 15 0 N.Z. Farmers', Coop. ("A" pref.) 0 15 0 1 1 0 N.Z. Farmers' Coop ("B" pref.) — l.'.O 0 N.Z. Farmers' Coop. (44 p.c. Stk., 1940) 82 0 0 84 0 0 N.Z. Farmers' Coop. (4A p.c. Stk., 1945) 82 0 0 83 15 0 N.Z. Newspapers — 1 15 0 N.Z. Farmers' Fertiliser * .. 0 18 6 0 19 3 Quill, Morris (in liquidation) 0 4 4 0 4 11 Sun Newspapers 0 3 11 0 4 4 Wilson's Cement .. 1 13 9 — Woolworths (N.Z.), (ord.) — 9 19 0 Woolworths (N.Z.), pref. 2 0 0 — Woolworths (Sydney), 2nd pref. — 1 10 0 Woolworths (Vic), pref. — 1 10 0 Mining Alexander 0 15 0 0 19 0 Alexander (15s paid) 0 13 7 0 17 3 Beil Hooper 0 0 1 — Bell Kilgour 0 0 0? 0 0 1 Bendigo Gold. .. 0 0 6| 0 0 11 Big River 0 2 2 0 2 3| Bismarck 0 16 9 0 18 6 Bismarck Deep. — 0 2 6 Blackwater — 1 13 3 Brian Eoru 0 0 4 0 0 5 Glenroy 0 0 1 0 0 5 Golden Dawn .. 0 2 11 Golden Point 0 0 03 0 0 1J Goldfields Dredg. 0 0 8 0 0 8^ Golden Sands .. 0 2 2 0 2 7 Kildare 0 2 11 0 3 4 King Solomon .. 0 3 10 0 3 Hi Moonlight Nelson Creek — 0 0 14 Maori Gully 0 1 3 0 14 Lawson's Flat .. 0 0 3' 0 0 4 Maerewhenua .. 0 0 H 0 0 2J Mahakipawa 0 0 10" 0 0 104 Mahakipawa (pf.), 1929 issue 0 1 3 0 1 44 Mahakipawa (pf.). 1930 issue 0 1 . 3 0 14 Mataki 0 2 14 Mossy Creek 0 2 24 0 2 4 Mount Lyell 0 17 7 0 17 8 Nevis Diesel Elec. 0 0 n 0 o 13 Nokomai . .. 0 2 0 0 2 6 Okarito (cum div.) 0 8 0 0 8 6 Rawang Tin (cum div.) 0 8 0 0 8 2 Oxenbridge Shotover — 0 0 10 Sandhills 0 0 4 Skippers 0 0 54 0 0 6 Stafford Sluicing 0 0 9 0 12 Upper Shotover (lOd paid) 0 0 1 0 0 10 Waihi 1 19 3 2 0 0 Grand .Tunc. 0 4 7 0 4 9 Waitahu 0 2 6 Worksop Extended 0 2 5 0 2 10

Buyers. Sellers. Assoc. Motorists a* ' u. £ s. d. Petrol (pref.) .. 1 3 3 Argo Gold (Is pd.) 0 1 5A 0 16 Ben Ledi 0 0 6£ 0 0 1\ Barrytown (10s paid) 1 2 6 1 4 9 Christchurch Press 7 1 6 Jones Nevis 0 0 8 0 0 11 New River (6d paid) — 0 0 5J N.Z. Mining Investment 0 1 0 N.Z. Perpetual Forests 2 4 0 2 9 6 Procera Bread (10s paid) 0 10 0 0 13 3 E. Reece, Ltd. (pf.) 0 1 4 0 3 3 Regent Theatre Build. (Ch.Ch.) 0-7 6 Stacey & Hawker (pref.) 1 0 0 1 10 0 Upper Watut (2s paid) 0 6 6 0 6 8 Tru-Color Films 1 10 0 Were's Investment Trust 0 4 0 0 5 0 Woolworths (Syd.) (ord.) 4 12 3 4 12 6 AUCKLAND I Sales on 'Change £ s. d. Com. Bank of Aust. i (2) 0 16 5 0 16 6 Com. Bank of Aust. (pf.) 9 17 0 Bank of N.Z. 2 10 0 Standard Ins. 3 12 6 N.Z. Guarantee Corp. 0 5 10 Taupiri Coal . 0 17 6 Broken Hill Pty. 2 13 0 Colonial Sugar 41 0 0 K. D. V. Box (rights) (2) 0 0 9 Robinson Ice 14 0 Wilson's Cement 1 14 0 Brian Boru 0 0 6.5 Goldfields Dredging i (2) 0 o si King Solomon 0" 3 10 Waihi ' 1 19 6 Unlisted Stocks Woolworths (Syd.) 4 11 6

WELLINGTON Sales on 'Change £ s. 102 15 4 12 6 0 Ins. Stock, 4 p.c, 1940 (late Wed.) Unlisted Stock Woolworths, Ltd. (ord.) .. 4 12 6

£ s. d. Commonwealth 4 p.c. Bonds— 1938 .. .. 104 10 0 1941 105 12 6 1944 .. 107 7 6 Anthony Hordern 0 18 1J Associated Newspapers 12 9 Associated Newspapers (pf.) 13 0 Colonial Sugar 41 15 0 Morris, Hedstrom ■ - 0 18 9 Afternoon Sales Commonwealth Bonds, 4 p.c.— 1938 .. 104 7 6 1941 .. 105 7 6 1944 .. 107 10 0 1947 108 7 6 1950 .. 109 12 6 Bank of N.S.W, 30 10 0 Com. Bank of Sydney 16 6 0 South British Insurance .. 4 17 6 Associated Newspapers .. 1 3 0 Associated Newspapers (pf.) 13 3 Howard Smith 0 16 3 Burns, Philp 3 2 6 British Tobacco 1 18 9 Tooth's Brewery 2 8 9 Australian Glass 3 2 0 Dunlop Perdriau 0 18 10i Morris, Hedstrom 0 18 9 Henry Jones 1 17 1J Millaquin Sugar 1 15 0' Fairymead Sugar 1 17 0 Farmers 15 9 David Jones 2 0 6 Anthony Hordern 0 18 li Standard Cement 0 19 10| Aust. Iron and Steel (pf.) 1 2 10J Victoria Nyanza 0 6 7 Drug Houses of Australia 1 4 10* Broken Hill Pty. 2 12 9 General Industries 0 14 6

£ s. d. Com. Bank of Australia .. 0 16 11 E., S., and A. Bank 5 2 0 Australian Glass '„3 3 0 Broken Hill Pty. 2 12 9 Dunlop Perdriau .. 0 19 0 Electrolytic Zinc 12 2

(BRITISH [ OFFICIAI , WIEELIS3.) RUGBY, February J3. Par. Feb. 12. Feb. 13. Paris, fr. to £1 124.21 74 5-32 .74 1-33 New York, dol. to £1 4.866 4.88} 4.88 1-16 Montreal. dlo. to £1 4.866 4.883 4.89 Brussels, belgas to £1 35 20.97 20.89 Geneva, fr. to £1 25.2215 15.111 15.08 Amsterdam, fl. to £1 12.107 7.241 7.221 Milan, lire to £1 93.47 57 9-32 57 7-16 Berlin, reichmarken to £1 20.43 12.191 . 12.16 ' Stockholm, kr. to £1 18.159 19.901 19.901 Copenhagen, kr. to £1 18.159 22.391 22.391 Oslo, kr. to £1 18.159 19.901 19.90} Vienna, schgs to £1 34.585 25| ■ 261 Prague, kr. to £1 164.25 117 3-16 1163 Helsingfors, marks to < £1 193.23 2261 2261 Madrid, pesetas to £1 25.2215 35 25-32 35 23-32 Lisbon, escudoa to £1 110 110J 1101 Athens, drach r to £1 875 515 515 / Bucharest, lei to £1 818.6 4871 ' 485 Belgrade, dinars 25.2215 *1.6 21.6 Ilio de Janeiro, pence to milreis .. 4.892 41 ** Buenos Aires, ponce to dol. 57 392 395 Montevideo, pence to dol. 57 391 39! Bombay, pence to rupee 19 18 5-32 18 5-32 Shanghai. pence to dol. * 171 17 13-16 Hong Kong, pence to dol. * 2111-16 2111-16 Yokohama, pence to yen * 14 14 Batavia, — guilders 12.107 — 7.221 Warsaw, par zlotys to-£l '43.36 — — *Determined by price of silver.

/ Buying. Selling. London— « £1 N.Z. to j S100 sterling T.T. 124 124/10 O.D. 123/10 124/7/6 Australia — £1 A to £1 N.Z. T.T. 101 100/10 O.D. 101 100/10 Fiji— £1 F. to £1 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 3.95g 3.892 O.D. 3.961 3.90g Montreal — Dol. to £1 N.Z. T.T. 3.951 3.91J O.D. 3.965 3.913 France — Francs to £1 N.Z. T.T. 60.13 58.83 O.D. 60.43 58.88 Noumea** - ™ Francs to £1 N.Z. T.T. 61.08 58.08 O.D. 61.48 58.13 Papeete— Francs to £1 N.Z. T.T. 61.08 58.08 O.D. 61.48 58.13 Belgium—r Belgas to £1 N.Z. T.T. 17.171 16.471 O.D. 17.271 16.586 Germany— Eeicnmarks 1 io £1 N.Z. T.T. — 9.562 O.D. — 9.567 ItalyLire to £1 N.Z. T.T. — 45.50 O.D. __ 45.54

55= Baying. Selling. Switzerland— Francs to £1 N.Z. T.T. 12.338 11.938 O.D. 12.413 11.948 Holland— Florins to £1 N.Z;, T.T. 5.937 5.687 O.D. 5.987 5.691 Java— Florins to £1 N.Z. T.T. 5.907 5.682 O.D. 5.957 5.686 Japan— N.Z. pence to yen T.T. — 17 21-3S O.D. Shanghai— N.Z. pence to dol. T.T. 218 22 15-18 O.D. 211 22i India and Ceylon— N.Z. pence to ru. T.T. 22 13-32 22i O.D. 22 9-32 22 11-1« Hong Kong— N.Z. pence to dol. T.T. 26J 27 7-18 O.D. 26} 27g Singapore— N.Z. pence to dol. T.T. 34 7-16 351 O.D. 34 5-16 35 5-16

NEW YORK, February 13. Chicago futures are:Feb. 9. Feb. 13 Cents a bushel May .. 971 97 July .. 904 891 September .. 88? 88i New York (cash) .. 1171 H61

LONDON , Feb ■uary l.>. r'( b. I >, Feb. Hi. 4' 9. d. £ e. <i. Copper--S liiml.ivd, for ward spnl 27 . . 27 10 h 27 1 Si 27 fl Mi Klectrolyt to ic . . HO s, 0 DO 0 0 no 10 0 Wire. biir.« . . :;o is 0 SO 10 0 American oli'ctrolytic u eents per lb. Lead — .Spot. Forward Hi . . 1 0 11 10 '" 10 7 0 Spelter— Spot Furuiird 11 1 ft n 12 2 <i I'in — Spot Forward . . 220 s 8 » !"2n 7 r, 22:, 7 r. Silver — Vine, per m. . . 2 1 ' ■16c 1 L'' - , 7-lCtl Standard. per Hi. '-'6 il -'fig (I