STOCK EXCHANGES

Press, Volume LXXI, Issue 21639, 25 November 1935, Page 13

STOCK EXCHANGES

CHRISTCHURCH SATURDAY'S TRANSACTIONS There was a moderate turnover on call on Saturday morning, and price levels generally were well maintained. Transactions, exclusive of vestibule business, were:— LISTED STOCKS 'Sales on Change £ s. d. 10 Bank of N.S.W. (cum div.) • • .. 33 10 0 50 South Brit. Ins. .. 4 14 3 50 Tooths Brewery (cum div.) .. 2 18 0 700 Ccnsol. Brick (7) 011 1 200 Dunlop Peruriau R. (2) 016 3 200 Kauri Timber (cum div.) 12) 1 3 10 550 Mahakipawa 0 0 1 LISTED STOCKS Sales Reported 10 Bank of N.S.W. (cum div.) .. .. 23 10 0 200 N.Z. Newspapers .. 22 6 Bank Shares Bank of New South Wales advanced to £33 10s and late offers of £33 5s failed to attract sellers. South British Insurance moved up to 94s 3d, closing quotations 6d en either side. Buyers of New Zealand Insurance raised their bids to 64s 3d, but sellers were reticent. Curislehurch Gas were firmer on buyers' oilers 365. Tooths Brewery shares were lin i, with buyers and business at 58s, sellers at soj 3a. Soiieis of Australian Glass reduced tluir limits to 83s, buyers at 81s U'J. Consolidated Brick were firmer, v. iLli dealing; at lis Id, and further buyers at 11a, sellers at lis 2d. Dunlop Pcrdnau Rubbers remained unaltered with buyers and dealings at 16s 3d, sellers ai 10s 4d. Kauri Timber were firm at 2,' i.-; lOd, clcs.ng quotations Id on either side. New Zealand Newspapers advanced to 42s Gd, market closing 42s buyer.', 44s sellers. Mahakipawas were firm, with seller;; and business at Id, buyers at :;d.

LATEST QUOTATIONS X.'Sj. Government Debentures l-juvors. SMlcrs. E s. cl. £ s. 0. 4 p.e. Ins.. 1!!J7-'10 .. 11,2 7■ (> ."i p.'-v Ins., l!Ki3-52 .. 102 If) 0 :U i>.c. Ins.. 10;j9-52 . . 102 15 0 -- ■ '■' i Ins.. jr>4l . . 100 17 (> •• p.e. In:-.. HI4G-4!) .. 105 3 0 4 p.e. Ins.. 1052-55 .. 1(18 5 0 108 10 0 •i p.e.. Bonds, 1040 . . 102 10 0 4 p.e. Bonds, 1955 . . IUU 5 0 ilural Bonds . . Other Debentures N.Z. ltd'!-;;;. 41 p.e.. I "40-43 --' v.: 10 0 UaiiKs Adda-tie (t'ai ■• -- •> 4 " Ausnalr.sia <v.;>> .. II 2 0 11 7 0 C.'onini. ol' Ai;:-!. ( 1 1 ..'..) 0 IV 0 0 17 2 ..'oiimv lit At..-t. (pre,., £10) 0 110 !» 13 0 C0n.,... ol Sydney ()."12 10m 17 Hi 0 1« 0 II Natl, of A/asia (JJIO paid, euin ciiv.) . . i:i 12 0 14 0 0 Nail. of A/asia (1)5 pain, eiui) div.) . . (> 15 0 li 17 fi 'Natl, of N.Z. (£2 10s pd.) 314 0 .\e\v South Wales (cum div.. j;2:)i .. :::; 5 o N.Z. leiim div., I'D . • 2 11 .'! Reserve; (i'.l) . . ti 4 0 0 0 0 Jni;>:i ol Atisl. I'.M) . . 0 !' 0 Oil 0 Insurance National (7s paidl . . <• 10 '■'■ Nc\. Zeal:in<: ttl) ■ • ."4 :; Coulli British (i:i . ;i l:i .'i :t 14 n t ;;a,idu'.i\l r.'i pv..d) .. :: 7 i> a V-' o l.'tair a'xl Aj;ein\v Jai-'lv :• ■'.-:! <..'o. leur.i div.. ■•.-.) .. :; :; 0 »id o (•nl(isbioi:;;n. Mori I'M I 1115 ..io.-ii;.iP.<.- C'orpo.ati.i.i (5s paid) . . I) 5 7 0 5 J! Mutll;-;I t;onelit M'lOt .. Kl 5 0 N.Z. Guar. (.'or;.). I.'i-I 0 4 10 0 5 :: Perm. Invest. D-'lOi . •- JO 10 0 United Biuldinr, 0:1) .. J 2 0

s:ii|>pi:il ,'iij<iri:,!t-P;ir!:er (prof.. £1) . . 1 12 0 P. and O. Deterred Stock (£1) .. 12 3 Frozen Meat ;;.Z. ReCriEl. (£1 paid) 12 0 12 2 N.Z. Roi'rif,. (lCs paicu UlO 7 0 111 1U North Cantv. (£3 -paid) 10 0 Waitald (i.5) ■■ Woollens Manawatu K.iit. (£1) 2 0 G Oamaru (15s paid) .. 114 12 6 Kaiapoi (17s paid) .. 013 7 014 8 Kaiapoi (7s paid) .. 0 5 1 :<aiapoi (pref.) .. 0 18 I) Coal Grey Valiey <£l) . . 0 7 0 westporl i cum cliv.. 10s) .. 1 2* 10 13 2 Stockton (10s) .. 0 15 Stockton (prcl., 10s) .. 0 2 ti 0 3 0 Gas Auckland (£1) .. 15 0 16 9 Chrislchurch (£1) .- 116 0 116 6 Christchurch (10s pd.) 016 il 017 0 Timaru (£1) ■ • Breweries Carlton (£1) .. 213 0 New Zealand .. 214 0 214 8 Timaru (7s 6d paid) 0 8 7 0 9 5 Tooheys (16s) .. 1 10 0 Tooths (£1) • • 218 0 218 3 Miscellaneous Amalg. Wireless (contr.. 14s paid) .. 110 0 116 0 Anthony Hordern (£1) 019 3 0 19.5 Australian Glass (£1) 4 19 4 J 0 Aust. Iron and Steel (var.) •• 14 7 15 1 Beai.li and Co. (£1) .. 18 4 110 0 death and Co. (Is pd.) 0 8 u British Toeacco (£1) .. 2 0 3 2 0 o Broken mil Prop. (cum d.v., £1) .. 218 9 219 0 Broken Kill Prop. (5s paid) •• 18 1 18 6 Clauue Neon (N.Z.) (£1) ■• - 2 0 6 Colo.uul Sugar (£2O) 42 7 6 42 12 6 Consolidated Brick (£1) 011 0 011 2 D.I.C. (lCs paid) •- 016 6 Dominion Builders Supplies (10s) 0 •> f. Dominion Kert. (£1) . . Dunlop- Perdriau Kubbev (£1) .• 016 3 01C 4 Electro. Zinc (ord., £1) .. 115 2 115 6 Electro. Zinc (preX., £1) 119 1 119 5 Evans Atlas Flour (10s) •• 10 0 1 7.6 General Industries (£1) 1 0 0 G. J. Coles (£1) . . 3 5 0 3 5 3 Gordon and Gotch (£1) 2 0 0 Greater Crystal Palace (£1) •• - 0 12 0 Henry Jones Co-op. (cum div., £1) 117 6 118 3 Hay's, Ltd. (15s paid) 015 0 016 9 Howard Smith- (£1) .. 018 6 018 11 Aauri Timoer (cum div., 255) .. 13 9 1 311 Morris Hedstrom (cum div., £1) ..140 N.Z. Drug Co. (£2) .. 319 6 4 0 6 N.Z. Farmers' Co-op. (£2 10s paid) 0 5 0 015 0 N.Z. Farmers' Co-op. * (10s paid) .. 0 0 3 N.Z. Farmers' Co-op. (Ist prei.. £5) .. N.Z. Farmers' Co-op.

("A" pref., £4) . . 1 17 G N.Z. Farmers' Co-op. (4J p.c. StOCK, 1940, £100) .. 85 0 0 N.Z. Farmers' Co-op. (4A p.c. Stock, 1045, £100) . . 84 15 0 N.Z. Farmers' Fertiliser (£1) 0 19 0 0 19 7 N.Z. Newspapers (£1) 22 0 2 4 0 Procera Bread (10s) .. 22 0 2 7 0 Procera Bread (vendor shares, 10s) .. 2 0 0 2 7 0 Quill, Morris (in liquidation, £1) . . 0 6 9 Smith and Smith (pref., £1) 0 19 G Taupo Totara Timber (10s) 0 8 10 United Provisions (£1) 0 12 « 0 12 9 Victoria Nyanza Sugar (£D .. 0 5 3 0 9 0 Whitcombe and Tombs (£2 10s) ■ • 3 13 6 3 15 6 Wilson's Cement (cum div., 10s) .. 22 0 2 4 0 Wool-worths (N.Z.), (ord., £1) .. 5 10 0 Woolworths (N.Z.) (pref.. £1) • ' Woolworths (Sydney) (2nd pref.. £1) Woolworths (Victoria) (pref., £1) .. 1 10 0

Buyers. Sellers. £ s. d. £. s. d. Mining Addison's Flat (Is) .. ' Oil Alexander (£1) .- 012 11 017 6 Alexander (15s paid) 011 0 013 9 Antonio's Hydraulic (9d paid) .. 0 0 9 Big River (Is) ■. .. 0 17 0 1 8i Brian Boru (Is) .. 0 0 2i Bundi Tin (£1) .. Gillespie's Beach (Is) 0 11 0 1 1J Golden Dawn (ss) .. 0 3 0 Golden Sands "(Is) . . 0 2 3 0 2 9 Goldfields Dredg. (Is) 0 0 2} 0 0 3 Kildare (2s) .. 0 2 6 0 3 6 King Solomon (Is) .. 0 3 'i\ 0 3 7 Lawson's Flat (Is) .. 0 0 2i 0 0 4J Maerewhenua (Is) .. 0 0 li 0 0 2 Mahakipawa (6d) . . 0 0. OS 0 0 1 Mahakipawa (pf., 1929 and 1930 pre.) (Is) 0 0 1 0 0 2 Maori Gully (Is) .. 0 011$ 0 1 1 Mossy Creek (Is) .. 0 10 0 13 Mount Lyell (£1) .. 114 115 Mount Morgan (as) .. 117 6 117 9 Nevis Diesel Electric (Is) .. 0 0 0 0 0^ Nokomai (ss) . . 0 16 0 2 7 Okarito (as) .. 0 6 0 Hawang Tin (10s) .. 0 810 0 9 0 Skippers (Is) .. 0 0 31 0 0 32 Waihi Investments (ss) 0 16 9 Waihi Grand Junction <2s) .. 0 3 9 Waimumu Sluic. (Is) 0 0 3i 0 0 7 Worksop Extend. (Is) 0 22 0 2 s£. Martha (ss) .-. UNLISTED STOCKS All transactions in stocks quoted in this section are subject to a different rate o£ broke-rag;: from listed stocks and are not quoted on the official list:— Buyers. Sellers. £ s. d. £ s. d. Arsfo Gold •• 0 1 2$ 0 1 3 Assoc. Motorists Pa. (prel.) 14 0 16 0 Chris.chuich Press . . 11 0 0 11 2 6 emperor Fiji (His paid) ..100 - Mocmignt Goldiiekis 0 0 6 N.Z. Minlns Invest. 0 0 7£ N.Z. Perp. forests .. 3 3 0 Smith, Wylie .. 0 7 0 Tiprolf Seal 213 0 310 0 Were's Invest. Trust 410 0 Woohvorths (Sydney,) ord. .. 516 9 517 0 Woolworlhs (West Australia) .. 8 0 0 9 0 0

I AUCKLAND [ Sales on 'Change ! s. d. 'is Stock. 1039-43, 31 p.c. . . 103 0 0 in:;. Stock. 1955, 4 p.C. •• 108 5 0 Bank •■ 0 li u I;;uik 01T..5.W. (Sydney register) •• .. 33 7 ( Ban., of New Zealand •• 211 0 Kcservc Bank .. '■•?.?!', Kcscrve bank .. ■• <> •> J> Mow Zealand Insurance .. 3 4 3 south British •• •• 414 (j iH.dai-t Pai-Ker (prcf.i .. 1 9 « New Zealand Breweries .. 214 9 Anthony Hordcrn . . ■• 019 3 Consolidated Brick . . •■ °'' JJ u-.clio. /■me iprcl'.l .. 1 1!» jGillespie's Beaih .. .. 0 1 0 s.K.ppe.s • • ■• Yi" n Mount Morgan • ■ ■ • J ltl u UnolTiciat List Molyneux Dredging .. .. 0 2 »i WELLINGTON i Sales on 'C'hiillßC ! J.' s. d. j Conn:: Bank <>( Australia . . 017 '.': Union Ban:: dale Friday I . . !) 10 0 |M Z. final an tee Corpn (late ] Kridavi <■'■'-) <> r - " ■ South B n-i Insurance . . 4lt II I Wellington Woollen (prcM . . <i 0 (i ! N.Z. Breweries (U.le Frida\ ) :'. la (I ! Proccra Bread Vendor 1! li 0 i Weoluorlhs iN.Z.i dak' Friday) 5 17 9 i Mount Morunn date Friday! 1 1» 9 Mount Mo.'Kan (2) 1 111 (I CMO/lirial List Tiproof Seal dale Friday! .. 2 111 V, I " j 1)1 NEDIN ! Sale (in •Clian^e I ' j: ... <i. ! Ciilks.oK 's ll'-aeh .. (11l I Sale-, Kr,Hir(ccl Bank of Nov Zealand .. ' :>. II U Southland Fio/vn Meal (paidi :; 18 (I Broken Kill Crnpty. Cv; pari I I 11 (I Kaitan;:ala Coal 12 3 i i'ni.is'ii:.') stsh'ks Wool worths (Sydr.cr | .', 5 G

TOOTH'S BRHWEIiIKS i:ilM'S \M> i>!\iih:m) A cable ill' :■'.•a;',c ii'vm Sydney l;i. t week slaled thai to ma k Ihe centenary of Tool It and Company, the directors had decided to rreomnHnd to rhnrcholders the payment of a cash bonus of 2\, per cent., and an issue of shares at. par of U 1 each to rlmreholders in the proportion of one new share for every 10 shares held on March 31. lf)3G. The final dividend for the year ended September ."0 is fi per cent., malting 10 per cent, for the year, an increase of ■• per ccni. The dividend in 1032 was 8 per cent.. in 1933. per cent., and in 1934. 9J per cent. The company has a paid capital of £5.620.558 in £1 share;-;, authorised capital being .C7.000.0C0.

CHRISTMAS HOLIDAYS OBSERVANCE BY BANKS It is understood that the holidays to be observed by the various banks at Christmas will comprise Christmas Day, Boxing Day, and the day following. In the past it has been usual to close on these days. The three days this year will fall on a Wednesday, Thursday, and Friday, and it is not thought likely that the Saturday morning also will be observed as a holiday. December 25 and 26 are statutory holidays, but the third day, December 27, has been for a number of years a customary holiday permitted by the Minister for Finance under section 24 of the Banking Act, 1908. POULTRY MARKET SATISFACTORY PRICES The Canterbury Co-op. Poultry Producers, Ltd., report full yardings of all classes of poultry at their sales en Wednesday and Friday. Although the demand for boilers is still very brisk, there was a slight decline in prices at both auctions. Well-finished-chicken was marketed in good supply, and satisfactory figures were obtained for all classes. A feature of Wednesday's sale was the marketing cf an exceptionally fine line of ducklings, which attained as high at 7s a pair. The following prices were realised:— Chicken, heavy 10s, medium to 7s 6d, light in good supply and fair demand and sold up to 4s Gd; boilers, heavy, as high as 6s 3d, medium to light, in food supply and demand, realised up to 4s 6d; ducks, light 2s 6d, heavy 4s; ducklings, to 7s: goslings at 6s; turkeys, 6d to 8d per lb live weight.

STOCK SALES AUCTION OF DAIRY CATTLE At a sale of dairy cattle held by Pyne, Gould, Guinness, Ltd., Kaikoura, satisfactory prices were realised as follows: — Best third and fourth calvers, £4 17s 6d to £6 15s; average, £5 7s 6d; heifers, £4 5s to £G 2s 6d; fifth and sixth calvers, £3 15s to £5 ss; yearling heifers. £1 12s 6d to £2 2s 6d. The herd comprised mostly Jerseys, with a few Shorthorns. RABBIT MARKET (UKITBD FMBS i»SOCIJLTIOH— COPTKIOHT^ LONDON, November 24. Rabbits, firsts, large, ex-store, are quoted at 18s to 18s 6d.

! DOLL.Ut MARKET KATES The Associated Banks (other than the Ikinlc of New South Wales) quoted the following dollar rates on Saturday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. CANADA, (per £1 N.Z.) (per £1 N.Z.) do). dol.

Selling— T.T 3.954 3.9.04 O.D. .. .. 3.95» 3.902 Buying— OD. .. ■ .. 4.003 4.04J WHEAT MARKET AMERICAN QUOTATIONS (united pbess association—coptbioht.) NEW YORK, November 23. Chicago, wheat quotations are as follows: — Cents a bushel. Nov. 21. Nov. 23. .December .. 99J 100 i May .. .. 98g 993 July .. .. 91g 92-A New York (cash) 128}- 129-J PRICE OF GOLD (UNITED PKESS ASSOCIATION—COPYBtGHr.) LONDON, November 24. Gold (a fine ounce) is quoted:— £ s. d. November 24 .. 7 0 11 November 21 .. 7 1 _5 . November 20 ..71 4i November 19 .. 7 1 6i November 16 ..715" November 15 ..715 LONDON MARKETS (UNITED I'HE-JS ASSOCIATION—COPHHQHT.) LONDON, November 24. Friday's closing prices were:— Cotton—Spot 6.77 d per lb; December 6.52 d. Rubber-< Para, 6£d per lb; plantation smoked, 6 ; ; d. .Jute—November-December, £2O 7s 6d a ton. Copra—December-January, South Sea, £l3 2s 6d a ton, smoked £l2 7s (id. plantation, Rabaul, £l4 ss. Linseed Oil—£27 5s a ton. . Turpentine—43s 9d per cwt.

JMETHVEN SALE Small entries were received for the usual fortnightly stock sale at Methven. However, for the few pens of store sheep offered extremely good good prices were received, the rapid growth of feed and the warmer conditions creating a keen demand. Only a small yarding of cattle was offered to an indifferent demand, while a good yarding of pigs sold at satisfactory prices. Sales recorded were as follows: Sheep—Fat wethers 245, 22s 6d; fat ewes, 26s 3d; shorn wethers, 17s, 10s 6d; three-quarterbred ewes and lambs, 23s 3d; halfbred aged ewes and lambs, 15s 8d; shorn wether hoggets; 16s 6d; ewes and lambs. 14s Id. Cattle—Fat cows at £5 10s and £4 12s 6d; heifers at £3 ss. Pigs—Weaners, 8s 6d to 12s; stores to 18s 6d; slips 19s 6d to 21s 64

FOREIGN EXCHANGES (BRITISH OFFICIAL WXBELXSS.) RUGBY, November 23. Par. Nov. 21. Nov. 22. Paris, fr. to £1 124.21 74 59-64 74 59-64 New Yoric, dol. to £1 4.866 4.92i 4.93 9-16 Montreal, dol. to £1 4.866 4.972 4.98 Brussels, belgas to £1 35 29.161 29.16J Geneva, fr. to £1 25.2215 15.23 15.25 Amsterdam, fl. to £1 12.107 7.31 7.31 Milan, lire to £1 93.47 .60S 603 Berlin, reichmarken to £1 20.43 12.26 12.26J Oslo, kr. to £1 — 19.90a 19.90a Stockholm, kr. to £1 18.159 19 9-16 19 9-16 Copenhagen, kr. to £1 18.159 22.391 22.391 Vienna, schgs. to £1 34.5S5 26 J 261 Prague, kr. to £1 164.25 11GJ 1195 Helsingfors, marks to £1 193.23 2263 2261 Madrid, pesetas to £1 25.2215 35 3-16 36 5-32 Lisbon, escudos to £1 110 iic: 1102 Athens, drach to £1 875 5)6 517 Bucharest, lei t.o £1 818.6 625 625 Belgrade, dinars 25.2215 21.6 26.7 fiio de Janeiro, pence to milreis 4.3C2 4i H Buenos Aires, pence to dol. 47.62 — — Montevideo, pence to dol. 31 393 39J Bombay, pence to. rupee 19 17 15-16 17 15-16 Shanghai, pence to dol. • 143 141 Hong Kong, pence to dol. • 171 17 11-16 Yokohama, pence to yen * 14 13 15-16 Batavia. guilders 12.107 7.22J 7.22} Warsaw, par zlol.vs to £1 43.26 26.18 26.18 "Determined by price of silver. FOREIGN EXCHANGE KATES

The Bank of New South Wales Christchurch, quoted the following rates as ruling on Saturday for its sales and purchases of foreign exchange. The rates are subject to alteration without notice:— Buying. Selling. London— £ N.Z. to £100 stg. T.T. 124 124/10 O.D. 123/10 124/8/9 Australia— £ A. to £100 N.Z. T.T 101 100/10 O.D 101 100/10 Fiji— £ F. to £100 N.Z. T.T. 90/7/G 89 O.D. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 3.99A 3.953 O.D. 4.003 3.D55 Montreal — Dol. to £1 N.Z. T.T. 4.023 3.99 O.D. 4.04 3.99J Aust ria— Schjw. to I'l N.Z. T.T. — ' 20.68 O.D. — 20.70 rioiniuiii — Relays lei £1 N.Z. T.T. — 23.135 O.D. — 23.150 t.Vccho.-lovakia-Crowns to i'l N.Z. T.T. — 95.20 O.D. .— 95.31 Denmark — Kroner to £1 N.Z. T.T. i a. 2iw 17.878 O.D. 18.248 17.88(5 ' 'I'vancs lo £1 N.Z. T.T. on.no 39.50 O.D. 81.Hi 59.01 ( lel'IlKM! V - Jicichniarks 1 i £ 1 N.Z. T.T. . - 9.040 O.D — y.031 Holland — Florins to £1 N.Z. T.T. 0.000 5.750 O D. 0.050 5.700 l.!:e to El N.Z. T.T. — O.I J — - ; m i ins to £1 N.Z. T.T. 5.f;35 5.730 O.D. 5.734 Kri.,icr to £1 N.Z. T.T. in.:!(>(> 15.870 O.D. 10.210 15.880 S.'.ed'n - Kronor to £1 N.Z. T.T. 15.790 15.400 O.D. 13.830 J 5.470 Frane.-. to £1 N.Z. T.T. 12.474 12.074 O.D. 12.",HI 12.084 ime.'i Francs to 11 N.Z. T.T. 0 1 .8 1 53.81 O.D. (•>2 21 58.80 I'.ioeeto -- francs lo £1 N.Z. T.T. OI.;II 58.81 O.D. 02.21 53.80 1 !o' i" Kons - N.Z. pence to dol. T.T. 21 2;i-r;2 22 31-32 O.D. 21 10-32 22 15-10 India anil < 'e.\ Ion — N.Z. pence to rupee T.T. 224 Japan - O.D. 22{ 22 21-32 N.Z. pence to yen T.T. 17 29-04 Sl'inuhai — O.D. — 17 19-32 N.Z. pence to dol. T.T. 17 11-32 18 21-32 O.D. 17 7-32 18 41-04 Sn^rporn— N.Z. pence to dol. T.T. "43 35 5-16 O.D. 34i 334