THE STOCK EXCHANGES

Press, Volume LXXII, Issue 21745, 30 March 1936, Page 13

THE STOCK EXCHANGES

CHRISTCHURCH MARKET FIRMER BANK ISSUES MOVE UP

There was fair business on the Christchurch Stock Exchange on Saturday morning, when a number of stocks moved upward. Banking shares secured a good deal of attention, and the section showed firmness.

TRANSACTIONS COMPLETED

LISTED STOCKS Sales on ’Change £ s. d, 100 Comm. Bank of Aust. 10 2 50 E.. S„ and A. Bank (cum div.) .. (2) 6 4 0 80 Reserve Bank of N.Z. (4) 516 6 50 Electro. Zinc (pref.) 2 0 3 50 G. J. Coles .. 311 3 500 Maori Gully .. 0 0 10£ 50 Mount Lyell 13 9 Sales Reported 500 N.Z. Refrig. (10s pd.) 0 9 9 100 Dominion Fert. .. 15 4 100 Consolidated Brick .. 0 10 0 361 Beath and Co. (cum / div., odd lot) 1 J 0 100 G. J. Coles <2) 311 6 60 Mount Lyell ■ • 1 310 UNLISTED STOCKS Sales on ’Change 75 Woolworths (Sydney), ord., cum div. hi) 614 o Banking Commercial Bank of Australia were fractionally firmer at 20s 2d, seller* staying in at that price, buyers at 20s Id E., S.. and A. Bank shares moved up to £6 4s. and more were wanted at £6 3s 6d, sellers at £6 4s 3d. Reserve Banks were, easier with buyers and dealings at £5 16s sellers at £5 17s. Goldsbrough, Morts were finner on buyers’ offers 31s Gd. New Zealand Refrigerating, 10s paid, remained unaltered with buyers and business at 9s 9d, sellers at 9s lid. Christchurch Gas were quoted 31s 6d buyers, 35s Gd sellers. Buyers of, Timaru Brewery shares raised their bids to 13s od, sellers at 16s 6d. Tooths Brewery shares were firmer on buyers’ oners 51s 6d. An odd parcel of Beath and Company shares. cum dividend, changed hands at 275, market closing 26s 9d buyers. 27s 6d sellers. Buyers of Broken Hill Proprietary raised their bids to 59s 6d, sellers at 60s. Consolidated Brick were firm at 10s, but closed easier with sellers at 9s lid, buyers at 9s 7d. Dominion Fertilisers were steady at 25s 4d. Electrolytic Zinc, preference, were firmer witn buyers and business at 40s 3d. sellers at 40s 6d. G. J. Coles recovered to dealings at 71s 3d and 71* 6d, and these were buyers’ and sellers’ closing quotations respectively.

Mining Mount Lyells were firm at 23s 9d and 23s lOd, closing quotations 23s 8d buyers. 23s lOd sellers. Maori Gully were fractionally weaker with business at IOAd, and further unsupported sellers at lid. Unlisted Stocks

Woolworlhs (Sydney), ordinary, cum dividend, had dealings at £6 14s 3d. and there were further buyers at that price, sellers at £6 14s 6d.

LATEST QUOTATIONS

DAIRY PRODUCE

A. 11. Turnbull and Co.’s Report

POULTRY PRICES

LONDON HIDES MARKET

A. H. Turnbull and Company report that they have received the following cablegram from London dated March 27:

Danish butter 116s; New Zealand finest 84s; Kangaroo 84s. New Zealand cheese, white 51s, coloured 525; Canadian 635. Both markets are firm.

H. C. Smith, of the City Market, reports a very large entry of poultry at the sales on Wednesday and Friday. There was a fine display of heavy breed cockerels, principally Black Orpington and Sussex, and a good steady sale to the end of the large entry. Ducks were penned in extia large numbers. Prices xor these are disappointing. The quality of the pullets was much better; also the entry of hens. Prices were as follows; —Cockerels, small 2s 3d to 5s 9d; good quality lines 6s 3d to 9s; pullets 5s 6d to 9s 9d; hens Is 9d to 7s; ducks and ducklings ,2s 6d to 6s 6d. A pen of breeding Khaki'Bs 3d, and odd birds for breeding to 7s 6d each; eggs Is 2d to Is 3d.

LONDON, March 27. Meat works dry salted—Queensland, 35-451b 6gd per lb, 30-401b 6gd, 25-351b 6Jd, 20-301b 6|d; New South Wales 6£d, 6gd. 6-ld, 63d. Wet salted; Queensland, 50-601b 4id, 40-501b 4Jd; New South Wales ssd, sd. Victorian abattoirs 43d, 4Jd.

MINING (

GILLESPIE’S BEACH RETURN (HISS AMOCIATIOM TXLBMUK.) DUNEDIN, March 29. Gillespie’s Beach Gold Dredging Company, Ltd., reports a wash up for the week ended March 27 of 560z Gdwt for 120 hours’ dredging.

MAORI GULLY ' (PRESS ASSOCXATIOM TELEGRAM.) GREYMOUTH, March 28. The Maori Gully return is 450z 2dwt for 126 hours. - \ TALISMAN DUBBO Talisman Dubbo report by telegram that 61 1-3 tons were treated at the Golden Dawn battery for an approximate realisation of £591.

BIG RIVER REPORT The report for the week ending March 25 states;— Repairs to main shaft and No. 4 chamber—Repairs to the chamber have been completed satisfactorily. The guides have been put in both shaft compartments and the ladders put in place in the travelling way. Several wall plates in the shaft at 45 feet below No. 4 level have bulged in slightly. These are being put back into position, before leaving this section. This work is now under way. No. 2 adit level —Repair work to this level is in progress, sets of timber being replaced and reinforced where necessary. Battery dam —Advantage is being taken of the present spell of fine weather to carry out essential repairs to this dam, and these repairs are now in progress. MOSSY CREEK RETURN

(PRESS association telegram.) GREYMOUTH, March 29. The Mossy Creek dredge return is 70oz 2dwt for 10,192 yards, in 130 hours. ARGO (PRESS ASSOCIATION TELEGRAM.) GREYMOUTH, March 29. The Argo dredge return is 430z for 11,000 yards, treated in 124 hours’ working. FOREIGN EXCHANGES

N.Z. Government Debentures Buyers Seilers. £ ,. d. £ s. d. 4 p.c. Ins.. 1937-40 102 2 6 — 4 p.c. Bonds. 1940 102 5 0 — 1 4 p.c. Bonds, 1940 103 2 6 — | 4 p.c. Bonds, 1949 103 12 6 — ' 4 p.c. Bonds. 1955 103 12 6 — 1 Banks 1 Com., of Anst. (10s) 1 0 1 . i 0 2 Comm. of AUst. (pref.. 9 a 0 £10) •• — Comm. o£ Sydney (£12 10s) — 21 9 6 E.. S., and A. (cum 6 div.. £3 paid) 6 3 6 4 3 Natl. o£ Aust, (£10 pd.) 15 1 0 15 2 6 Nall, of Aust. (£5 pd.) 7 2 0 7 9 0 Nall, of N.Z. (£2 10s) 34 0 0 3 15 6 New South Wales (£20) 34 7 6 New Zealand (£1) 2 4 0 2 4 9 Reserve (£5) 5 16 6 5 17 0 Union of Aust. (£5) 9 14 0 9 17 6 Insurance National (6s paid) .. 0 18 0 0 18 5 Queensland (£1) 2 14 0 Loan and Agency Dalgcty and Co. (£5) 8 10 0 9 9 0 Goldsbrough. Mort (£1) 1 11 6 1 11 9 Mortgage Corpn. (5s 0 paid) 4 7 — United Bldg. Soc. (cum 0 0 div., £1) 1 0 1 1 Wright. Stephenson (pref.. £1) — 1 0 3 Shipping Devon port (£1) 11 — 1 1 3 New Zealand (pf., £10) 10 0 — Union (pref., £1) 1 5 6 Frozen Meat Canterbury (ord., £7 10s 10 1 paid) — 5 0 0 Gear (10s) —■ 2 N.Z. Refrig. (£1 pd.) — 9 1 0 0 N.Z. Refrig. (10s pd.) 0 9 0 9 11 Woollens Kaiapoi (17s paid) — 0 14 9 Kaiapoi (7s paid) .. 0 3 10 0 6 0 Kaiapoi (pref., 17s) .. 0 17 4 0 13 0 Coal Westport-Stockton (ord., 10s) .• ■ • 0 1 0 0 1 6 Westport-Stockton (pf.. 10s) 0 1 9 0 2 G Gas 13 Christchurch (£1) 1 11 6 1 6 Christchurch (10s pd.) 0 15 0 — Breweries Montciths (10s paid) .. 0 7 6 0 10 0 New Zealand (£1) 2 10 9 2 12 6 Staples (£1) 1 12 0 1 14 0 Timaru (cum div., 10s) 0 13 8 0 16 6 Timaru (10s pd.. new. 13 0 16 cum div.) 0 0 5 Tooths (£1) 2 11 6 2 11 9 White Star (£1) 0 5 0 0 a 0 Miscellaneous 19 11 Anthony Hordern (£1) — 0 0 Aust. Glass (£1) 4 1 4 2 9 Aust. Iron and Steel 1 (£1) 1 5 0 5 3 Beath and Co. (cum 6 div., £1) 1 6 9 1 7 Berlei (N.Z.), (£1) — 3 5 0 British Tobacco (cum 11 div., £1) .. 2 0 2 2 0 Broken Hill Prop. 0 (£1) 2 19 6 3 0 Broken Hill Propty. 16 (con.. 3s 4d paid) 1 15 3 1 0 Colonial Sugar (£20) 41 12 6 42 10 0 Consolidated Brick (£1) 0 9 7 0 9 11 Dominion Builders' 0 Supplies (10s) 5 6 — Dominion Pert. (£1) 1 5 0 0 — Dunlop Rubber (£1) .. 0 13 10 14 1 Electro. Zinc (ord., £1) 1 17 3 1 18 0 Electro. Zinc (pf., £1) 2 0 3 2 0 6 General Motors Hol1 dens (pref.. £1) Glenmore Brick and — 3 6 0 0 Tile (16s) 0 2 6 6 G. J. Coles (£1) 3 11 3 3 11 6 Henry Jones Co-op. 19 (£1) 1 17 9 1 6 Hay’s, Ltd. (15s paid) — 0 15 0 Howard Smith (cum div.. £1) 0 16 6 0 17 0 Hume Pipe (Aust., cum 0 16 10 div., £1) 0 16 8 Kauri Timber (25s) .. 1 3 4 1 3 9 Buyers. Sellers. £ s. d. £ s. d. Mason. Struthers (10s paid) — 0 7 0 N.Z. Drug Co. (cum 17 div., £2) — 3 6 N.Z. Farmers’ Co-op. (10s paid) 0 0 10 0 2 0 N.Z. . Farmers’ Co-op. 15 (1st pref., £5) 3 0 — N.Z. Farmers’ Co-op. (A pref., £4) — 3 0 0 N.Z. Farmers’ Co-op. (B pref., £4) 1 11 0 —• N.Z. Farmers’ Co-op. (4J p.c. Stock, 1940, £100) — 6 91 10 0 N.Z. Farmers’ Fert. (£1) 0 19 — N.Z. Newspapers (£1) 1 16 6 1 18 9 N.Z. Paper Mils (£1) — 1 10 0 North Cant. Co-op. 11 Flour ( 10s) 0 3 0 15 0 Procera Bread (10s) 0 10 6 1 6 0 Procera Bread (vendor shares. 10s) 0 18 4 — Taupo Totara Timber 8 (10s) 0 1 —

United Provisions (£1) 0 14 6 Whltcombe and Tombs (£2 10s paid) 3 10 0 3 13 9 Wilson’s Cement (10s) 1 18 0 — Woolworths (N.Z.), (ord., £1) .. 5 0 0 5 5 0 Woolworths (N.Z.), (pf. cum div., £1) 1 15 6 Woolworths (Victoria), (pref., £1) — 1 10 0 Minins Addison’s Flat (is) .. 0 1 7 Alexander (15s pd.) — 0 12 0 Antonio’s Hydraulic (Is) 0 0 4 0 0 8 Aotearoa (Is) 0 0 2 0 1 1 Argo Gold (Is) 0 1 3 0 1 3i Big River (Is) 0 1 9i 0 1 11 Gillespie’s Beach (Is) 0 0 11J — Goldfields Dredg. (Is) 0 0 33 0 0 4 Irowat (5s) 0 3 1 0 3 9 Kuala Kampar (10s) — 0 14 8 Maerewhenua (Is) .. 0 0 li 0 0 2 Mahakipawa (6d) 0 0 0i 0 0 1 Mahakipawa (1930, pf., is) _ 0 0 2£ Maori Gully (Is) .. — 0 0 11 Iviossy Creek (cum div., Is) 0 1 4J 0 1 6 Mount Lyeli (£1) .. 1 3 8 i 3 : 10 Mount Morgan (cum div., 2s 6d) 0 16 2 0 16 3 Nevis Diesel Elec. (Is) 0 0 03 — Okarlto (5s) — 0 5 0 Placer Development (1 dol.) 5 0 0 _ Rawang Tin (10s) — 0 9 0 Upper Watut (10s) .. 0 6 0 — Skippers (Is) 0 0 n 0 0 23 Worksop Extend. (Is) — 0 2 0

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. Buyers. Sellers. £ s. d. £ s. d. Emperor Fiji- .. 0 116 — Wool worths (Sydney) (ord., cum div.) .. : 6 14 3 6 14 6 AUCKLAND Sales on ’Change £ s. d. Bank of New South Wales .. 34 5 < 0 Amalgamated Brick (Auckland), 1944, 7i per cent. .. .. 100 10 0 New Zealand Insurance (2) 2 17 0 Auckland Gas .. .. 1 5 10 Thames Gas ' .. .. 0 8 0 Kalapoi (pref.) .. .. 0 17 7J Australian Glass .. . • 4 2 6 Broken Hill Proprietary .. 2 19 9 New Zealand Newspapers .. 1 17 0 Placer Development .. 5 7 6 5 8 0 Unlisted Stocks Reid (N.Z.) Rubber .. .. 0 16 0 Woolworths (Sydney) .. 6 14 0 6 14 6 WELLINGTON Sales on ’Change £ s. cl. Reserve Bank - .. .. 5 17 0 Goldsbrough. Mort (late Fri.) 1 11 9 Auckland Gas (late Friday) .. 1 5 10 Tui Brewery .. .. 2 2 9 Farmers' Trading (late Friday) 0 9 4 DUNEDIN Sales on ’Change C s. d. National Insurance (2) 0 18 0 Mortgage Corporation .. 0 4 7 SYDNEY Sales on the Sydney Stock Exhangc on Saturday were:— £ s. d. Commonwealth Bonds31 per cent., 1948 .. 97 12 6 33 per cent., 1949 - .. 100 17 6 4 per cent., 1941 .. 102 15 0 4 per cent., 1944 .. 102 7 6 4 per cent., 1955 .. 102 10 0 4 per cent.. 1957 ... 102 15 0 4 per cent.., 1959 .. 102 15 0 4 per cent;, 1961 .. 101 5 0 Tooths Brewery .. .. 2 12 6 Tooths Brewery (rights) ,. 1 10 6 Colonial Sugar .. .. 42 10 0 Dunlop Rubber .. 0 14 3 Lustre Hosiery .. .. 1 3 7J Meggltts .. .. 14 9 LONDON PRODUCE MARKETS LONDON. March 27. Friday’s closing prices were:—Cotton, spot 6.44d per lb, April 6.10d. Rubber—Para 82d per lb, plantation smoked 7$d. Copra—April-May, South Sea £13 5s a ton, smoked £12 5s; plantation, Rabaul, £13 17s 6d. Linseed Oil —£28 15s a ton. Turpentine—£2 9s per cwt. FRENCH AND AMERICAN EXCHANGE LONDON. March 27. United States and French exchanges closed to-day at: Dollars 4.94 15-16, francs 75 1-16 to £1 sterling. DOLLAR MARKET RATES The Associated Banks (other than the Bank 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.) Selling— Dol. Dol. T.T. .. .. 3.963 3.98 i O.D. .. .. 3.973 3.99 Buying— O.D. .. .. 4.013 4.03g

(BRITISH OFFICIAL WIRELESS.) Paris, fr. to £1 RUGBY. March 27. Par. Mar. 26. Mar. 27. 124.21 74 63-64 751-64 New York, dol. to £1 4.866 4.96-3-16 4.95 "Montreal, dol. to £1 4.866 4.97* 4.971 Brussels, . bclgas to £ 1 25 29.251 29.231 Geneva, fr. to £1 25.2215 15.16 15.16 Amsterdam, fl. to £ I 12,107 7.27J 7.28 Milan, lire to £1 94.26 62J 621 Berlin, reichmarken to £1 20.43 12.31 12.31 Oslo, kr. to £1 18.159 — — Stockholm, kr. to £1 18.159 192 192 Copenhagen, kr. to £1 18.159 22.39i 22.391 Vienna, schgs. to £1 34.585 26i 261 Prague, kr. to £1 164.25 1194 1194 Helsingfors, marks to £1 193.23 227 227 Madrid, pesetas to £1 25.2215 36 3-16 36 3-16 Lisbon, escudos to £1 110 1084 1084 Athens, drach to £1 875 518 518 Bucharest, lei to Cl 818.6 670 670 Belgrade, dinars 25.2215 21.7 21.7 Bio de Janeiro, pence to mil rets ■ .. 4.899 4i 44 Buenos Aires, pence to dol. 47.59 Montevideo, pence to dol. 51 391 391 Bombay, pence to rupee 19 181 181 Shanghai, pence to dol. • 141 141 Hong Kong, pence to dol. 152 15J Yokohama, pence to yen • 14 1-54 14 Batavia, guilders 12.107 7.241 7.271 Warsaw, par zlotys to £1 43.38 26.25 - ‘Determine d by price of silver. FOREIGN EXCHANGE RATES

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. 90/7/6 89 O.D. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 4.002 3.96J O.D. 4.018 3.978 Montreal— Dol. to £1 N.Z. T.T. 4.02 3.988 O.D. 4.031 3.99 Austria— Schgs. to £1 N.Z. T.T. — 20.77 O.D. — 20.79 Belgium— Belgas to £1 N.Z. T.T. — 23.349 O.D. — 23.360 Czechoslovakia— Crowns to £1 N.Z. T.T. — 95.06 O.D. — 95.11 Denmark— Kroner to £1 N.Z. T.T. 18.203 17.893 O.D. 18.263 17.903 France— Francs to £1 N.Z. T.T. 60.82 59.99 O.D. 61.27 60.03 Germany— Reichmarks to £1 N.Z. T.T. — 9.813 O.D. — 9.818 Holland— Florins to £1 N.Z. T.T. 5.950 5.800 O.D. 6.010 5.804 Italy— Lire to £1 N.Z. T.T. — — O.D. — — Java— Florins to £1 N.Z. T.T. 5.921 5.761 O.D. 5.931 5.765 Norway— Kroner to £1 N.Z. T.T. 16.183 15.893 O.D. 16.243 15.903 Sweden— Kronor to £1 N-Zl. T.T. 15.785 15.490 O.D. 15.845 15.500 Switzerland— Francs to £1 N.Z. T.T. 12.353 12.083 O.D. 12.458 12.088 Noumea— Francs to £1 N.Z. T.T. 62.62 58.62 O.D. 63.07 58.68 Papeete— Francs to £1 N.Z. T.T. 62.62 58.77 O.D. 63.07 58.83 Hong Kong— N.Z. pence ’to dol. T.T. 18 57-64 20 41-64 OD. 18 51-64 20 39-64 India and Ceylon— N.Z. pence to rup. T.T. 22 9-64 22 57-64 O.D.-22 3-64 222 Japan— N.Z. pence to yen T.T. — 17 9-16 O.D. 17 35-64 Shanghai— N.Z. pence to dol. T.T. 17 5-16 18 11-16 O.D. 17J 18 43-64 Singapore— N.Z. pence to dol. T.T. 34 27-64 35 31-64 O.D. 34 15-64 3515-32 T.T. Telegraphic Transfer. OD. On Demand.