THE STOCK EXCHANGES

Press, Volume LXXII, Issue 21807, 12 June 1936, Page 13

THE STOCK EXCHANGES

GOOD VOLUME OF BUSINESS

AUCKLAND Sales on 'Change

LATEST QUOTATIONS N.Z. Govt. Debentures Buyers. Sellers. £ s. d. £ s. d.

INDUSTRIALS REMAIN ACTIVE

Industrials again had an active market on the Christchurch Stock Exchange yesterday, when a good volume, of business was recorded. Government issues were more popular and were firm.

SYDNEYA brisk demand for industrial shares caused numerous price rises on the Sydney Stock Exchange yesterday. Tooths and Australian Glass had a large turnover, but banks and bonds were quiet. Morning Sales

MINING

NEW BREWERY COMPANY

BALLIN BROTHERS’ PROJECT PUBLIC TO BE ASKED TO ' SUBSCRIBE The formation of a new company, Ballins Breweries (N.Z.), Ltd., to absorb Hickmott’s Victoria Brewery, was announced yesterday. No announcement has yet been made of the price to be paid, or of the organisation of the new company, of which the prospectus has not yet been issued. Mr ,P. N. Quartermain, who made the announcement, said last evening that Ballin Brothers, Ltd., had been in business in Christchurch as wine and spirit merchants for more than 50 years, but had never been associated with the brewery industry directly. It had been decided by the friends of Ballin Bros.. Ltd., that it would be an advantageous addition to their existing organisation to include the commodities of the Victoria Brewery. The firm of Ballin Bros, was widely known, said Mr Quartermain, and as their activities were spread over a wide range it would be no tax on their present prganisation to market throughout New Zealand the commodities that would be supplied through their new branch.

The new company had been fortunate in securing the services as brewer of Mr Robert Shand, who was well and favourably known in Canterbury, and whose diplomas, and connexion with the trade would stand the closest 'scrutiny. The public would be asked to subscripe such capital as was deemed necessary to launph the new project The prospectus has not yet been issued, but it is understood that Messrs H. J. and O. L, Ballin will be joint managers of the new concern. The organising brokers are Messrs H. Kitson, of Stewart, and Company, and Wm. Anderson, members of the Christchurch Stock Exchange.

STAFFORD RETURN The Stafford return for the period ended May 29 was 51oz Bdwt smelted gold, from 11,750 yards treated. The previous return was 490z from 9199 yards. DAWN OP HOPE Sarich and patry, tributers in the mine, crushed two loads 'for 270z of gold, Aro and party one toad for 16oz 15dwt, Taylor and party one load for 3oz 15dwt, Fitzpatrick and party one load for 3oz sdwt. DAIRY PRODUCE BUTTER QUIET AT ill/. _ The South Island Dairy Association, Ltd., has received the following market report from the New Zealand Produce Association, Ltd, London, dated June" 10:~ Butter-Quiet; 112s; Danish 120s, Cteese-~Quiet; white and coloured Ola M top. .

STOCK SALES t STUDHOLME 'Ufl A particularly heavy yarding for th« time of year was seen at the last stock sale at Studholme Junction, the penning of ewe hoggets being especially large, and the quality good. There was .a good i attendance of buyers, competition was always keen, and the market was generally firm. Fat ewes made from 13s to 17s lOd. Fat lambs fetehed 14s lOd to 295, and iat wethers made from 22s to 24s 7d. Among the heavy yarding of . ' store sheep, two-tooth ewes made 31s 4tfto 32s fid, four-tooth ewes made 345. add 1 six and eight-tooth ewes 225; fan. ewes., made from 6s 9d to 14s fid. and' stonr lambs to 26s fid for ewes. Few cattio-o: were sold, cows making 37s fid to heifers £2 ss, and steers to £2 10s.

31 p.c. Ins., 1939-43 31 p.c. Ins., 1939-52 .. 103 0 0 — 1U3 0 0 4 p.c. Ins,, 1937-40 102 10 0 102 15 0 4 p.c. Ins., 1943-46 104 2 6 104 10 0 4 p.c. Ins., 1946-49 __ 104 10 0 4 p.c. Bonds, 1940 102 15 0 4 p.c. Bonds, 1946 .. 104 2 6 4 p.c. Bonds, 1955 106 0 0 — Banks Australasia (£5) 11 13 0 11 17 0 Comm, of Aust. (10s) 0 19 1 0 19 2 Comm, of AusV (pref., £10) . * .. _* 9 6 0 E., S., and A. (£3) 6 4 0 Natl, of A/asla. (£10 Paid) ... .. 15 2 6 Natl, of A/asia. (£5 paid) 7 4 6 7 6 0 Natl, of N.2. (cum dlv., £2 10s) 3 13 6 N.S.W. (£20) 32 0 0 32 13 0 N.Z. (cum div., £1) ., 2 5 1 2 9 3 Union (£5) . . 9 16 0 Insurance National (8b) o is 1 0 18 2 Standard (£1) . ,, 3 2 6

y DEALINGS COMPLETED 7. LISTED STOCKS s Sales on ’Change £ s. d. 1000 Brian Boru .. 0 0 3^ n 500 Waimumu Sluicing •• 0 h - 1000 Mount Morgan . ■ q 15 S (2) 0 15 n (2) 0 15 2 0 15 3 e 0 15 2\ 0 15 2 200 Comml. Bank of Aust. (2) 0 19 2 25 E., S.. and A. Bank .. 6 4 0 50 Bank of New Zealand (cum div.) 2 5 3 ’ 200 National Insurance (2) 0 18 1 * 100 Goldsbrough, Mort (cum div.) .. 1 12 1 >• 100 Kaiapoi Woollens (17s n P aid) • • • • ? Jo o a 100 Christchurch Gas 1 12 9 200 New Zealand Brewcries (ex div.) (2) 2 13 2 ,! 50 Broken Hill Propty. 3 11 0 200 Broken Hill Propty. 2 9 0 £ 2 8 6 s (Contr.) ’2 8 3 3 400 Consolidated Brick (2) 0 10 8 '* (2) 0 10 6 100 Dunlop Rubber 0 17 10 Sales Reported 750 Mount Morgan 0 15 1£ 0 15 2 t 0 15 3 t 0 15 2! 50 Bank of New Zealand s (cum div.) .. 2 5 3 - 100 N.Z. Refrig. (10s pd.) 0 9 8 s 100 Auckland Gas .. 15 9 » 564 N.Z. Breweries (cum r div. (late sale Wed.) 2 14 1 * 300 Broken Hill Propty. 3 11 0 (3) 3 11 6 100 Electro. Zinc (pref.) 2 0 0 150 C. J. Coles 3 19 7 3 19 9 600 Hume Pipe (Aust.) .. 10 2 (2) 1 0 4 100 Broken Hill Propty. (contra.) 2 9 0 < UNLISTED STOCKS 1 Sales' on ’Change £ s. d. 500 Selfridges (A/asia new) (5) 15 3 75 Woolwortbs (Sydney) (ord., ex rights) . . 5 8 6 5 9 3 5 9 6 Sales Reported 200 Selfridges (A/asia new) (late sale Wed.) 15 4 15 6 100 Selfridges (A/asia new) .. 15 3 600 Selfridges (A/asia old) (late sale Wed.) (3) 15 6 1 5 9 1 5 8 100 Shillings, Ltd. (7s 6d paid) .. .. 0116 50 Wool worths (Sydney) (ord., ex rights) (2) 5 9 6 Banking Commercial Bank of Australia cased to dealings at 19s 2d, and there were further sellers at that price; buyers at 19s Id. E.. S., and A. were firmer with buyers and business at £6 4s. sellers at £6 5s. Bank of New Zealand remained unaltered at 45s 3d, and more were offered at that price; buyers at 45s Id. National Insurlnce were fractionally weaker at 18s Id, and there were further buyers at that figure; sellers at 18s 2d. Goldsbrough. Morts cum dividend were weaker with buyers and business at 32s Id, sellers at 32s 2d. Buyers of P. and O. deferred stock raised their bids to 24s 3d. without attracting sellers. N.Z. Refrigerating 10s paid remained unaltered with sellers and business at 9s 8d, buyers at 9s 7d. Kaiapoi. Woollens (17s paid) changed hands at 15s 3d, market closing 15s Id buyers, 15s 4d sellers. Auckland Gas had business at 25s 9d. Christchurch Gas eased to 32s 9d, and more were offered at that price, buyers at 32s 6d. A late sale on Wednesday of New Zealand Breweries (cum dividend) was reported at 54s Id—dealings yesterday, ex dividend, were at 53s 2d, buyers staying in at that price; sellers at 53s 3d. Miscellaneous Broken Hill Proprietary dropped to dealings at 71s and 71s 6d, and there were further sellers at the lower price; buyers at 70s 7d—the contributing also dropped to dealings at 49s, 48s 6d and 48s 3d, market closing 48s 7d buyers, 49s sellers. Consolidated Brick had, business at 10s 8d and 10s 6d, and there were further sellers at the lower price; buyers at 10s 5d. Dunlop Pefdriau Rubbers rose to sellers and business at 17s lOd; buyers at 17s 9d. G. J. Coles changed hands at 79s 7d and 79s 9d. Electrolytic Zinc preference rose to 49s, market closing 39s 6d buyers, 40s sellers. Hume Pipe firmed to 20s 2d and 20s 4d, and these were buyers’ and sellers’ closing quotations respectively. Buyers of Woolworths (New Zealand) ordinary, cum dividend of Is per share, raised their bids to £8 14s, but J sellers were reticent. j Brian Borus were fractionally firmer f with business at 3Jd. Waimumu Sluic- J ing remained unaltered with sellers and business at 6Jd. Worksop Extended c cum sixth dividend of 10 per cent. were firm with buyers at Is lid, sellers £ at 2s. Mount Morgans recovered to dealings at prices ranging from 14s lid \ to 15s 3d, market closing 15s Id buyers, , 15s 2d sellers. \ Unlisted Stocks V Late sales of Selfridges Australasia s on Wednesday were reported at 25s 6d, v 25s 9d and 25s 8d, and more were offeted yesterday at 25s 6d; buyers at 25s 3d—the new issue changed hands at 25s 3d, sellers staying in at that figure; buyers at 25s id—late sales on Wednes- I day were reported at 25s 4d and 25s 6d. Shillings 7s.6d paid were fractionally p firmer at 11s 6d. Woolworths were s firmer at prices ranging from £5 8s 6d S to £5 9s 6d, buyers staying in at the B highest price; sellers at £5 10s. f

Loan and Agency Buyers. Sellers Dalgety and Co. (£5) £ s. d. £ s. d 9 2 Goldsbrough, M. (£1) 1 12 0 1 12 Invincible Building Society (£5) . 5 0 •N.Z. Loan and Merc. (£100) 23 10 0 35 10 i Perm. Invest. (£10) .. 10 10 United Build. Soc. (£1) 114 111 Shipping Huddart-Parker (ord,, £1) 1 16 0 Huddart-Parker (pref.. £1) 16 0 P. and O. Def. Stock (£1) 14 3 — Union (pref., £1) 16 0 1 7 Frozen Meat Canterbury (£7 10s pd.) 8 0 0 9 10 N.Z. Retrig. (£1 paid) 0 19 9 1 0 N.Z. Refrig. (10s pd.) 0 9 7 0 » Woollens Oamaru (cum div.. £1) —* 1 1 Kaiapoi (17s paid) 0 15 Kaiapoi (7s paid) 0 5 U 0 6 Coal Grey Valley (£1) 0 9 0 0 11 Westport-Stockton (10s) 0 14 0 1 Westport-Stockton (pf.. 10s) 0 2 6 0 S Gas Auckland (£1) 1 7 Christchurch (£1) 1 12 6 1 12 Timaru (£1) — 1 2 Breweries Monteith’s (10s) 0 11 0 New Zealand (ex div.. £1) 2 13 2 2 13 Timaru (10s) 0 14 6 Tooths (£1) 2 11 9 T Miscellaneous Amalg. Wireless (£1) 2 5 0 2 15 Amalg. Wireless (cont., 14s paid) 1 15 0 1 18 ( Anthony Hordern (£1) 0 18 2 0 18 ) Aust. Glass (£1) 4 12 0 ■ Bcath and Co. (£1) 1 7 ( Beath and Co. (pref.. £1) — 1 6 ( British Tobacco (cum div„ £1) 2 0 6 2 1 ( Broken Hill Prop. (£1) 3 10 7 3 11 ( Broken Hill Prof* (con. 6s 8d paid) .. 2 8 7 2 9 ( Burns, Philip (£1) 3 10 0 Colonial Sugar (£20) 41 0 0 Consol. Brick (£1) 0 10 5 0 10 t Dom. Builders Supplies (10.s) — 0 6 5 Dunlpp Rubber (£1) .. 0 17 9 0 17 10 Electro. Zinc (ord.. £1); 1 17 3 1 18 3 Electro Zinc (pref., £11 1 10 6 2 0 0 Farmers’ Trading (£1) • — 10 6 General Indust. (£1) 0 19 1 0 19 6 General Motors-Hol-den's (pref., £1) 13 2 1 3 5 G. J. Coles (£1) 3 19 6 3 19 7 Henry Jones Co-op. (£1) 2 0 0 Howard Smith (£1) .. 0 18 6 0 19 3 Hume Pipe (Aust.), <£1) 1 0 2 10 4 Kauri Timber (25s) .. 13 6 13 9 Milburn Lime .(£1) .. 2 16 2 11 0 Morts Dock (£1) 0 9 4 0 10 0 N.Z. Drug (£2) 4 0 6 N.Z. Fanners’ Co-op. (£2 10s paid) 0 19 0 N.Z. Fanners’ Co-op. <10s paid) .. 0 0 10 N.Z. Farmers’ Co-op. (1st pref., £5) 3 15 0 N.Z. Farmers' Co-op. (B pref., £4) 2 10 N.Z. Farmers’ Co-op. (4) p.c. stock, , 1940, £100) . . . 01 0-0 N.Z. Newspapers (£1) — 2 2 9 United Pictures (£1) .. 0 19 0 — United Provisions (£1) 0 14 0 0 14 5 Whitcombe and Tombs (£2 10s paid) 3 10 0 3 11 0 Wilson's Cement (cum div.. 10s) 2 4 6 2 5 3 Wilcox Mofflln (£1) .. 0 11 3 0 11 9 Woolworths (N.Z.), (cum div., £1) 3 14 0 Woolworths | (N.Z.) (pref., £1) —- 1 16 0 Woolworths (Sydney), (2nd pref., £1) 1 5 3 1 6 3 Mining' Alexander (13s paid) 0 13 9 0 14 0 Antonios Hyd. (Is) 0 0 5 Argo (Is) .. .. C 1 7J C 1 9 Barry town (£1) .. C 18 0 1 5 0 Big River (Is) .. C 2 0 C 2 0J Blackwater (cum div.. 15s) — 1 16 6 Brian Boru (Is) .. 0 0 Deep Lead (Is) —■ 0 0 9J Gillespie’s Beach (Is) fl 1 2 0 1 3 Golden Point ((id) — 0 0 11 Golden Sands (ls> 0 2 0 King Solomon (Is) .. — 0 2 0 Lawson’s Flat (Is) .. 0 0 2 Maerewhenua (Is) .. 0 0 21 0 0 2J Mahakipawa (6d) — 0 0 1 Maori Gully (Is) .. 0 0 11 0 1 0 Mossy Creek (Is) — 0 1 6 Nokomal (5s) — 0 2 6 Okarito (5s) .. 0 2 9 0 3 7 Skippers (Is) .. 0 0 31 0 0 4 Waimumu Sluic. (Is) 0 0 5 0 0 61 Worksop Extend. (Is) 0 1 H 0 2 0 Australian Mining Mount Lycll (cum div., £1) .. .. 1 Mount Morgan (2s 6d) 0 4 4 1 4 5 15 1 0 15 2 Rawang Tin (10s) .. 0 8 8 Upper Watut (5s) — 0 8 0 Irowat (5s) ,. 0 3 0 0 4 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. £ Andersons. Ltd. (pf.) 0 19 6 1 1 0 Assoc. Motorists Petrol (pref.) .. i 7 0 1 8 6 Canty. Roller Flour .. o 5 0 0 6 0 Christchurch Press .. — 10 0 0 Carbonised Ice — i 2 6 Emperor Fiji .. 0 12 0 Macetown — o 0 7 N.Z. Mining Invest. — 0 0 7J N.Z. Perpetual Forests 2 18 0 3 5 0* Selfridges (A/asia., new) .. . i 5 11 5 a Selfndges (A/asig., old) .. .. j Shillings. Ltd. (7s 6d 5 3 1 5 6 TinrlTff c , ’ ’ • • 0 11 3 0 11 7 lipro.ff Seal . _ o is a Were’s Invest. Trust 0 5 6 White’s Electric . o 0 7 0 0 81 Woolworths (Sydney). (ord., ex rights) .. 5 Woolworths (W.A ) 9 6 5 10 0 (ex rights) — 5 18 6 10 0 Suckling Bros. 7 0 0 9 Wellington Publishing Co. 0 0 4 17 6

Bonds. 1946, 4 per cent. Stock, 1940, 4 per cent. Stock. 1946, 4 per cent. Bank of New South Wales £ s. ..104 5 (2) 102 12 ..104 5 .. 32 a d. 0 6 0 Bank of New Zealand South British Insurance 9 10 10 3 Pukemiro Collieries Auckland Gas I 4 P- and O. (def. stock) Dominion Breweries 1 1 5 Australian Glass 6 British Tobacco 9 i Brol: m Hill Proprietary (2) 3 12 6 3 12 3 • 3 12 0 Broken Hill Proprietary (con.) 3 11 2 11 9 0 tsycroft. Ltd. .. ? 11 Dunlop Perdriau - .. 0 17 0 Hume Pipe (Aust.) JL 0 3 Henry Jones 2 0 q Wilson’s Cement 2 5 3 Argo 2 5 o 0 1 9 Golden Crown 0 9 () Skippers, Ltd. 0 0 39 Mount Morgan 0 14 10’ 0 15 0 Unlisted Stocks Dominion Breweries (nref.) 1 5 6 Selfridges (Aust.) (new issue) 1 5 0 (2) 1 5 3 1 S 6 Wool worths (Sydney) 1 5 5 8 4 6

WELLINGTON Sales on ’Change £ s. d. 4 p.c. Govt. Bonds, 1040 (late Wed.) 102 17 6 G. J. Coles (late Wed.) 3 19 9 Mount Morgan (late Wed.) 0 14 9 Union Bank of Aust... (2) 9 14 0 South British Insurance 4 10 9 Australian Glass .. (2) 4 13 6 Broken Hill Pty. 3 12 6 3 12 3 Broken Hill Pty. (contr.) (2) 2 9 9 Colonial Sugar (2) 41 12 6 G. J. Coles .. (6) 3 19 9 Big River 0 2 0 Mossy Creek 0 1 5 Unlisted Stocks Woolworths, Ltd. (late Wed.) 5 7 9 (late Wed.) 5 7 6 (7) 5 10 0 5 9 0 Shillings, Ltd. (7s 6d paid) (2) 5 9 6 0 11 4 Selfridges, Ltd, (new) 1 5 3 DUNEDIN Sales on ’Change E., S, t and A. Bank .. £ 6 s. 4 d. Dunlop Perdriau 0 17 6 P. and O. (def. stock) 1 5 fi South Otago Freezing 7 15 0 Mosglel Woollen 9 15 0 Broken Hill Proprietary (con.) 2 10 0 Stock. 4 per cent., 1946-49 104 10 0 Bonds, 4 per cent., 1846-49 .. 104 10 0 Unlisted Stock Shillings, Ltd. (late Wed.) (3) 0 11 3

Commonwealth Bonds— £ s. d. 4 per cent., 1957 101 0 0 4 per cent., 1961 101 12 6 Commercial Bank of Australia 0 19 6 Bank of New South Wales .. 32 15 0 Australian Gas A 7 10 6 Tooth’s Brewery 2 12 6 Anthony Hordern 0 18 9 Associated Newspapers 1 2 3 Australian Glass 4 14 0 Broken Hill Proprietary 3 13 0 Broken Hill Proprietary (new) 2 10 0 Colonial Sugar 42 0 0 Dunlop Perdriau 0 18 0 G. J. Coles 4 0 6 Howard Smith 0 19 H James Stedman 0 19 U Afternoon Sales Commercial Bank of Sydney .. 20 1 0 Bank of Australasia (N.Z. delivery) 12 0 0 Mercantile Mutual Insurance .. 1 11 0 Associated Newspapers I 2 3 Associated Newspapers (pref.) 1 2 9 Howard Smith 0 19 3 Huddart-Parker 1 17 3 British Tobacco 2 1 3 Tooth's Brewery 2 12 6 Castlemaine and Perkins 1 2 6 G. J. Coles 4 0 6 Drug Houses of Australia 1 11 0 Australian Glass 4 14 0 Dunlop Perdriau 0 18 li Morris, Hedstrom 1 5 3 Henry Jones 2 0 9 Millaquin Sugar 2 2 6 David Jones 2 6 9 Anthony Hordern 0 18 9 Hume Pipe .. •. 1 0 6 Sargents 1 6 3 United Provisions 0 14 7 Mount Morgan 0 15 3 Broken Hill Pronrietary 3 12 3 South Broken Hill 5 13 0 Rawang Tin .. .... 0 8 10 Larut Tin 0 10 3 Placer Development 5 11 6 Peninsula Tin 1 2 6 Lady Shenton .. 0 4 2 Commonwealth Bonds — 4 per cent., 1938 .. 102= 16 3 4 per cent., 1941 101 5 0 4 per cent., 1853 .. 102 12 6 4 per cent., 1955 .. 102 12 B 4 per cent., 1959 .. 101 1 3 MELBOURNE £ s. d. Commercial Bank of Australia 0 19 « Goldsbrough, Mort 1 12 9 Huddart-Parker 1 17 li Gordon and Gotcha .. 2 10 0 Nestles (pref.) 1 13 9 General Motors-Holdens (pref.) 1 4 0 Emperor ,. 0 13 3 Loloma .. .. ... 0 18 3 Koroer* ~ •« .. 0 9 3