THE STOCK EXCHANGES

Press, Volume LXXII, Issue 21810, 16 June 1936, Page 13

THE STOCK EXCHANGES

DEALINGS COMPLETED USTED STOCKS Sales on 'Change £ s. d.

Government New Zealand Government 4 per cent. Stock, due 1940, changed hands at £lO2 10s and that due 1948 at £lO4 ss, market closing firm for both. Commercial Bank of Australia were steady with sellers and dealings at 19s 2d, buyers at 19s Id, Bank of New Zealand had business at 435-6 d. Sellers of Union Bank of Australia reduced their limtis to £9 12s 6d, buyers at £9 10s. National Insurance were firm at 18s 3d and late offers at that price failed to attract sellers. Goldsbrough, Morts (cum dividend) were fractionally firmer with buyers *and dealings at 31s lid, sellers at 325. Sellers of United Building Society came down to 21s 6d. New Zealand Refrigerating fulty paid were firm with buyers and business at 19s lOd, sellers at 20s; the 10s paid were fractionally weaker at 9s 7d. closing quotations id on either side. Miscellaneous British Tobaccos (cum dividend) were firm with buyers and business at 41s. Broken Hill Proprietary rose to dealings at 73s Id and 73s 2d, market closing 73s buyers, 73s 3d sellers; the contributing were fractionally firmer at 50s 3d. market closing Id either way. Consolidated Brick were fractionally weaker withfsellers and business at 10s. Dunlop Perdriau Rubbers had dealings at 17s 9d and there were further sellers at that price. Electrolytic Zinc ordinary moved up to 38s 6d and 38s 9d, market closing 38s 3d buyers, 38s 6d sellers; the preference advanced to 40s 9d and closed firmer with buyers at 41s Id. General Industries were fractionally firmer at 19s 4d. G. J. Coles were fractionally weaker with sellers and business at 7Sto 7d. Hume Pipe (Australia) were firmer at 20s 6d and 20s 7d. and these were buyers’ and sellers’ closing quotations respectively. New Zealand Farmers’ Co-op. (10s paid) rose to Is Cd. Taupo Totara Timber had dealings at 10s. Brian Borus were firmer with buyers and dealings at 4d. Mount Morgans were firmer at 15s 7d, 15s 7Jd, and 15s Bd, and more were wanted at 15s 7Jd, sellers at 13s Bd. ' Unlisted Stacks National Tobacco changed hands at 68s 6d, Sefridges (Australasia) rose to 25s 64 and 25s 9d and these were buyers’ and sellers’ closing quotations respectively; the new issue advanced to 23s 3d and 25s 6d, buyers staying in at 25s fid, sellers at 25s 9d- Woolworths (Sydney) ordinary were firmer at £5 15s 3d and £5 15s, market closing £5 14s buyers, £5 15s fid sellers.

GOOD TURNOVER AT CHRISTCHURCH INDUSTRIALS REMAIN POPULAR There was again an excellent market for industrials on the Christchurch Stock Exchange yesterday. Prices were well maintained, and turnover was good.

UNLISTED STOCKS All transacations 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.

SYDNEY On the Sydney Stack Exchange, industrial shares yesterday were firmly quoted, particularly In file brewery group* Government bonds made an improved showing on the eve ot the closing of the new Commonwealth loan. Morning Sales £ s. d.

MELBOURNE £ 8. d. Comm. Bank of Australia 0 19 4 National Bank (£lO paid) .. 14 18 0 Gordon and Gotch .. 210 0 Howard Smith .. 019 4 Sulphide Corporation % .. 011 9 FOREIGN EXCHANGES

•Determined by price of silver. 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 are subject to alteration without notice:— Buying, Selling. London—

DOLLAR MARKET RATES The Associated Banka (other than the Bank of New South Wales) quoted the following dollar fates yesterday on a New Zealand currency basis. They are subject to alteration without notice. U.S.A. Canada. (Per £1 M.Z.) > Selling- d ° L dOL T.T. .. .. 4.03 4.OS| „ OJDi .. .. 4.031 4.041 Buying— O.D. .. 4 M 4.08t PRICE OP SILVER LONDON, June 13. Silver is quoted at; Spot 19|d, forward 18 15-16 d a fine ounce.

£450 N.Z. Govt. 4 p.c. Ins., 0 1937-40 (2) 102 10 £200 N.Z. Govt. 4 p.c. Ins., 104 0 1943-46 5 400 Com. Bank of Aust. (4) 0 19 2 200 Goldsbrough, Mort 11 ii (cum div.) (2) 1 120 N.Z. Refrig. (£1 pd.) 0 19 10 100 British Tobacco (cum 0 div.) 2 1 150 Broken Hill Propty. 3 13 2 3 13 1 3 13 2 200 Broken Hill Propty (contr.) (2) 2 10 3 100 Consolidated Brick .. 0 10 0 400 Dunlop Rubber (4) 0 If 9 100 Electro. Zinc (ord.) 1 18 6 50 Electro. Zinc (pref.) 2 0 9 50 G. J. Coles 3 19 7 300 Hume Pipe (Aust.) .. 1 0 6 (2) 1 0 7 200 N.Z. Farmers’ Co-op. (10s paid) 0 1 6 200 Taupo Totara Timber (2) 0 10 0 1500 Brian Boru (3) 0 0 4 300 Mount Morgan 0 15 7 0 15 7.1 < 2 0 15 8 ' Sales Reported 50 Bank of N.Z. (ex div.) 2 3 6 100 National Insurance .. 0 18 3 200 Mount Morgan (2) 0 15 8 100 N.Z. Refrig. (10s pd.) 0 9 7 50 Broken Hill Propty, (contr.) 2 10 3 100 Electro. Zinc (ord.) 1 18 9 200 Genl. Industries (2) 0 19 4 UNLISTED STOCKS Sales on ’Change 200 Selfridges (A/asia) new 1 5 3 1 5 6 95 Woolworths (Sydney), 0 ord. (2) 5 15 Sales Reported 200 Selfridges (A/asia) new 1 5 3 1 5 6 200 Selfridges (A/asia) 6 old 1 5 1 5 9 250 Woolworths (Sydney), ord. 5 15 3 5 15 0 5 15 6 50 National Tobacco .. 3 6 6

LATEST QUOTATIONS Buyers. Sellers. £ S d £ s. d. N.Z. Government Debentures 3J p.c. Ins., 1939-43 .. , 103 0 0 Si p.c, Ins,, 1939-52 .. 103 0 0 4 p.c. Ins., 1937-40 102 10 0 10242 6 4 p.c. Ins., 1943-46 104 5 0 104 7 6 4 p.c. Ins., 1992-56 (ex interest) 104 5 0 4 p.c. Bonds, 1940 102 10 0 4 p.c. Bonds, 1946 104 5 0 4 p.c. Bonds, 1955 (ex Interest) — 104 5 0 Banks Australasia (£5) 11 14 0 Com. of Aust. (10s) .. 0 19 1 0 19 2 Com. of Aust. (pf., £10) 9 7 6 E„ S.. and A. (£5 pd.) 6 5 0 Natl, of A’asla (£10 pd.) — 14 18 0 Natl, of A’asia (£6 pd.) 7 4 0 7 6' 0 New South Wales (£20) 32 2 .6 33 0 0 N.Z. (ex dlv., £1) .. — 2 4 0 Union of Aust. (£5) .. 9 10 0 9 12 6 Insurance National (6s paid) .. 0 18 3 New Zealand (£1) 3 3 6 Queensland (£1) 2 18 0 Standard (£1) 3 2 9 3 10 0 Loan and Agency Dalgety and Co. (£5) .. ... 9 2 6 Goldsbrough, Mort (cum dlv., £1) 1 11 11 1 12 0 Invincible Building Society (£5) — 5 0 0 NJZ. Guar. Corpn (5s) 0 5 4 — N.Z. Loan and Mercantile (ord., £100) .. — 35 0 0 United Build. Soc. (£1) — 1 1 6 Wright, Stephenson (pref„ £1) —- 1 0 3 Permanent Invest. (£10) 9 10 0 10, 5 0 Shipping Adelaide (£1) 1 9 6 Huddart-Parker (£1) 1 16 6 1 19 0 Huddart-Parker (pf. £1) 1 6 0 1 8 0 New Zealand (pf.. £10) P. and O. Def. Stock 12 0 0 (£1) .. .. 1 6 0 Union (pref., £1) 1 8 0 Canterbury (£7 10a pd.) 8 Z 6 0 10 0 Canterbury (pf., £5) N.Z. Refrk (£1 paid) 818 6 0 19 10 1 ~0 0 North Cant. . Freezing (£3 paid) 1 0 0 110 0

Frozen Meat Buyers. Seilers. £ 8* d. £ s. d. Woollens Oamaru (ex: div., £1) .. — 1 1 2 Kaiapol (17s paid) .. — 0 15 6 Kaiapol (7s paid) 0 5 9 0 6 3 Kaiapol (pref., 17s) .. 0 17 8 —- Coal Grey Valley (£1) 0 9 0 — Westport (10s) ■ 1 1 5 1 2 3 Stockton (10s) 0 1 6 0 2 6 Stockton (pref., 10s) .. 0 2 7 — Gas Christchurch (£1) 1 12 6 — Christchurch (10s pd.) — 0 17 0 Breweries Carlton (£1) 2 16 0 — Dunedin (£1) •— 1 12 0 New Zealand (£1) 2 12 6 2 12 8 Staples (£1) 1 14 6 — Timaru (10s) 0 14 6 0 15 0 Tooths (£1) 2 12 3 — Miscellaneous Amalgamated Wireless (£1) — 2 15 0 Amalgamated Wireless 1 15 (con., 14s paid) 3 — Anthony Hordern (£1) 0 IS 0 0 18 4 Aust. Glass (cum div. 9 £1) 4 13 0 4 13 Beath and Co. (£1) .. 1 6 3 1 7 1 Beath and Co. (Is paid) 0 3 9 0 6 9 Beath and Co, (pi., £1) — 1 6 0 British Tobacco (cum div., £1) 2 1 0 2 1 5 Broken Hill Prop. (£1) 3 13 0 3 13 3 Broken Hill Prop. (con. 6s 8d paid) 2 10 2 2 10 4 C.F.C.A, (£1) 0 10 0 — C.F.C.A. (pref., £1) .. 1 5 0 — Claude Neon N.Z.) 2 (£1). — 2 0 Dunlop Rubber (£1) .. 0 17 8 0 17 9 Electro. Zinc, (ord., £1) 1 IB 3 1 18 6 Electro Zinc (pr., £1) 2 1 1 2 2 0 General Industries (El) 0 19 3 - 0 19 8 General Motors-Hol-den’s (pref., £1) 8 1 3 3 1 3 G. J. Coles (£1) 3 19 6 3 19 7 Greater Crystal Palace 6 (£1) — 0 10 Hay's Ltd. (15s paid) 0 14 6 0 15 0 Howard Smith (£1) ... 0 19 2 0 19 5 Hume Pipe (Aust.) (£1) 1 0 6 1 0 7 Kauri Timber (25s) .. 1 3 3 1 3 9 Mllburn Lime (£1) 2 1 0 — Morris, Hedstrom (cum div., £1) 1 5 0 — N.Z. Drug (£2) N.Z. Farmers’ Co-op. — 4 0 0 (£2 10s paid) N.Z. Farmers’ Co-op. 0 19 0 — - (10s paid) » •. 0 1 2 N.Z. Farmers’ Co-op. 6 (1st pref., £5) 3 15 0 4 2 N.Z. Farmers’ Co-op. (A pref.. £4) 2 10 0 — N.Z, Farmers’ Co-op. (B pref., £4) N.Z. Farmers’ Co-op. 2 1 0 —- (4i p.c, stock, 1940, 61 £100) 0 0 — N.Z. Farmers’ Fertiliser (£1) 1 1 0 — N.Z. Malay Rubber (pref,, £1) — 9 1 0 0 N*.Z. Newspapers (£1) N.Z. Paper Mlils (£1) Quill. Morris (1936) 2 1 1 8 6 (£1) 0 17 6 0 18 3 Taupo Totara Timber 6 (10s) 0 10 0 0 12 Taupo Totara Timber (pref., 16s paid) — 0 15 3 United Pictures (£1) ,. 0 19 0 — 6 United Provisions (£1) 0 14 3 0 14 Urlwlns (pref., £1) .. —- 6 1 3 0 Victoria Nyanza (£1) 0 7 0 9 0 Whlteombe and Toiribs 6 (£2 10s paid) — 3 10 Wilcox. Mofflin (£1) .. 0 11 2 0 11 8 Wilson’s Cement (cum 2 9 div., 10s) — 5 WoolwOrth's (N.Z., ord.. cum div., £1) 9 10 0 _ Woolworths (pref.). (£1) 1 16 0 Woolworths (Sydney), (2nd pref., £1) 1 5 10 — Mining Alexander (£1) 0 17 0 Alexander (ISs paid) 0 14 1 0 19 0 Argo (Is) 0 1 8 0 1 81 Big River (Is) 0 2 0 0 2 01 Black water (cum div.. 15s) 1 12 0 — 44 Brian Boru (Is) 0 0 4 0 0 Deep Lead (Is) Gillespie’s Beach (Is) — 0 1 0 0 1 Golden Point (6d) .. 0 0 1 6 Golden Sands (Is) .. 0 2 King Solomon (Is) .. 0 2 3 Lawson's Flat (Is) .. 0 0 S 0 0 4 Maerewhenua (Is) .. 0 0 21 0 0 3 Mahakipawa (6d) 0 0 01 0 0 1 Maori Gully (Is) . .. 0 1 0 Mossy Creek (ex div.. Is) — 0 1 5 Nevis Diesel Elec. (Is) 0 0 01 Okarito (5s) •— 0 3 7 Skippers (Is) .. 0 0 31 0 0 3| Waimumu Slulc. (Is) 0 0 6 0 0 61 Wetherstones (Is) 0 1 0 Worksop Extend. (Is) 0 1 7 0 1 HI V Australian Mining Mt.( Lyell (cum div., £1) 1 4 2 1 4 4 Mount Morgan (2s fid) 0 13 71 0 15 8 Rawang Tin (10s) 0 8 10 0 9 0 Upper Watut (5s) 0 6 7 0 7 0 Irowat (2s fid) 0 2 6

£ s. d. £ 8. d. Andersons, Ltd. (pf.) Assoc. Motorists Pet0 19 6 1 0 6 rol (pref.) 1 7 6 1 8 0 Aust. Invest. Trust .. 0 3 4 0 4 5 Ben Ledl (Is paid) 0 0 1 0 0 3 Cant, Roller Flour 0 5 0 0 6 0 Christchurch Press .. 9 7 6 Emperor Fiji 0 12 4 Nemona 0 0 9 0 1 1J National Tobacco 3 8 6 New River _ 0 0 10 N.Z. Perpetual Forests Selfridges (A/asia), 2 17 6 3 5 0 (new) Selfridges (A/asia), 1 5 6 1 5 9 (old) Shillings, Ltd. (7s 6d 1 5 6 1 5 9 pref.) 0 11 6 0 11 8 Tlproif Seal , , 2 18 0 Were's Invest. Trust 0 5 8 White's Electric Woolworths (Sydney). 0 0 7 0 0 9 (ord.) Woolworths (W.A.) .. 5 14 6 0 0 0 5 15 5 7 e 6 0 Suckling Bros. 7 0 0 9 15

AUCKLAND Sales on ’Change d. Auckland Transport Board. £ s. 1944-45, 44 per cent. 104 0 0 g Bank of New South Wales .. 32 7 Bank of New Zealand 2 4 0 Bank of N.Z. (D Mort.) 1 8 9 Devonport Ferry 1 1 9 Dominion Breweries .. |' 1 6 0 Broken Hill Proprietary (2) 1 6 3 12 3 0 .(2) Broken Hill Proprietary (new) Colonial Sugar 3 13 2 10 41 17 0 3 0 Consolidated Brick 0 10 3 Dunlop Perdriau 0 17 g Electrolytic Zinc .. . ] 1 18 3 1 19 0 Farmers' Trading .. X 1 10 0 9 3 Holden’s Motors (pref.) . 1 3 3 Hume Pipe 1 0 8 K.D.V. Boxes (con.) 0 3 8 N.Z. Newspapers 2 2 0 Maori Gully .. .. 0 0 in Mataki .. ,. (2) 0 i 5 Waihl Junction 0 3 3 Mount Morgan 0 16 8 0 15 8 Unlisted Stocks Associated Motorists (pref.) .. 1 8 6 Selfridges (A’asla.) .. (2) Selfridges (A’asla.) (new issue) 1 8 3 1 5 6 1 5 4 1 5 7 DUNEDIN Sales on ’Change £ S. d. Standard Insurance .. .. 3 3 0 South Otago Freezing (late Saturday) \ .. Broken Hill Pty. (con.) (late T 15 0 Saturday) Electrolytic Zinc (ord.) 2 10 0 1 18 0 Unlisted Stock Woolworths (Sydney) 514 6

WELLINGTON Sale* on *Clumge < s. <L Wellington Woollen (odd lot) (late Saturday) 6 8 0 Goldsbrough, Mort (late. Sat.) .. 1 12 0 National Insurance (late Sat.) (2) 0 18 3 Broken BUI Pty. (late Sat.) .. 9 13 0 Dominion Fertiliser (late Sat.) (8) 1 5 0 Hume .Pipe (late Saturday) .. 1 0 7 Bank of New South Wales 38 0 0 National Insurance ' .. (8) 0*18 3 New Zealand Breweries 8 12 9 Australian Glass .. • • 4 13 6 Electrolytic Zinc (ord.) (8) 1 18 0 Wool worths (N.Z.) (ord.) (2) 9 5 0 Mount Morgan 0 15 8 Unlisted Stocks Woolworths (Syd.) (late Sat.) S 14 S IS 6 0 Shillings, Ltd. .. (8) 0 11 7 National Tobacco 3 6 0

Commonwealth Bonds— 101 4 per cent., 1941 0 0 Commercial Bank of Sydney Batik of New South wales 20 0 32 17 0 6 Tooheys Brewery 1 11 6 Associated Newspapers 1 ' 2 3 British Tobacco 2 X 3 Broken Hill Prop. 3 13 9 Broken Hill Prop, (new) 2 11 0 Colonial Sugar 42 2 6 Fairymead Sugar 2 5 6 Howard Smith 1 0 9 James Stedman 0 19 4| Afternoon Sales Bank of New South Wales 33 0 0 Commercial Bank of Sydney 20 0 0 Queensland National Bank 5 7 6 Australian General Insurance 0 17 3 Merc. Mutual Insurance 1 11 9 Colonial Sugar 42 2 6 Associated Newspapers 1 2 0 Automatic Totallsators 0 18 0 British Tobacco 2 1 6 Tooths Brewery 2 13 0 Carlton Brewery 2 17 0 Queensland Brewery 1 9 9 Queensland Brewery (pf.) 1 4 3 Newcastle Gas C 0 13 0 Commonwealth Wool 0 18 0 Goldsbrough, Mott 1 11 10ft Australian Glass 4 14 6 Dunlop Perdrlau 0 18 0 Drug Houses of Australia 1 11 0 Henry Jones 2 1 0 Electrolytic Zinc (pref.) . 2 1 6 Amalgamated Textiles 0 10 4 Australian Gypsum 1 0 0 Clifford Love 2 11 0 Hume Pipe * 1 0 9 Sargents 1 6 4i Edwards Dunlop 2 3 6 Gordon and Gotch 2 10 0 Amalgamated Wireless 2 11 0 Wunderlich 1 0 6 Victoria Nyanza 0 8 0 Woolworths (ord.), buyer Woolworths (ord.), seller 5 13 S 15 6 0 Woolworths (first pref.) 1 19 0 Mount Morgan 0 15 9 Broken Hill Prop. 3 13 fl Broken Hill Prop, (new) 2 11 0 Broken Hill Prop. (N.Z. delivery) 2 10 9 North Broken Hill 8 6 0 South Broken Hill (ex dlv.) 5 10 0 Rawang Tin 0 8 10 Lady Shenton 0 4 21

(British omcux tmxtxss.) RUGBY, June 13. Par." June 12. June 13. Paris, fr. to £1 124.21 76 27-32 7623-64 New York, * dol. to £1 4.866 5.031-16 5.0211-16 Montreal, dol. to £1 4.866 5.04 5.031 Brussels, belgas to £1 35 29.761 * 29.71 Geneva, fr. to £1 25.2215 15.68 15.56 Amsterdam, 11. to £1 12.101 7.44| 7.431 Milan, lire to £1 92.46 ' 632 6315-16 Berlin, reichmarken to £1 20.43 12.50 12.47 Oslo. kr. to £1 18.159 29.90 19.90 Stockholm. kr. to £1 18.159 22291 22.391 Vienna, schgs. to £1 34.588 26J m Prague, kr. to £1 164J25 1211 1211 Helsingfors, marks to £1 19323 329 229 Madrid, pese- * tas to £1 252215 362 36 55-64 Lisbon, escudos to £1 110 108 7-18 1087-16 Athens, drach to £1 875 333 534 Bucharest, lei to £1 818.6 677 678 Belgrade, dinars 252215 22.2 222 Rio de Janeiro, pence to mllreis 4.899 41 41 Buenos Aires, pence to dol. 51 . Montevideo, pence tg dol. 51 363 383 Bombay, pence to rupee 18 18} 181 Shanghai, pence to dol. • 1413-32 147-16 Hong Kong, pence to yen • 15 7-16 15 7-16 Yokohama, pence to yen * 141-16 148-84 Batavia, guilders Warsaw, par 12.107 1.391 7$91 zlotys to £1 43.36 — —

£ N.Z. to £100 stg. T.T. 124 124/10 Australia— OJ5, 123/10 124/8/8 £ A. to £100 N.Z. T.T. 101 100/10 Fiji— O.D. 101 100/10 £ F. to £100 N.Z'. T.T. 90/7/6 89 New York— O.D. 90/7/6 89 Dol. to £1 N.Z. T.T. 4.061 4.021 Montreal— OX). 4.072 4.032 Dol. to £1 N.Z. T.T. 4.072 4.032 Austria— OX). 4.08| 4.042 Schgs. to £1 N.Z. T.T. — 20.93 Belgium— O.D. — 20.95 Belgas to £1 N.Z. -T.T. — 23.740 Czechoslovakia O.D. — 23.751 Crowns to £1 N.Z„ T.T. — 96.67 Denmark— O.D. — 96,72 Kroner to £1 N.Z. T.T. 18.203 17.893 France— OX). 18.263 17.903 Francs to £1 N.Z. T.T. — 61.12 Germany— O.D. - 61.16 Relchmarks to £1 N.Z. T.T. — 9.850 Holland— O.D. — 9.955 Florins to £1 N.Z. T.T. — 5.821 Italy— OX). — 5.925 Lire to £1 N.Z. T.T. — Java— O.D. — — Florins to £1 N.Z. T.T. — 5.882 Norway— OX). — 5.886 Kroner to £1 N.Z. T.T. 16.183 15.693 Sweden— O.D. 16.243 15.903 Kronor to £1 N.Z. T.T. 15.785 15.490 Switzerland— O.D. 15.845 15.500 Francs to £1 N.Z. T.T. — 12.407 Noumea— OD. — 12.412 Francs to £1 N.Z. T.T. — 58.75 Papeete— OX). — 59.81 Francs to £1 N.Z. T.T. — 59.90 Hong Kong— OX>. — 59.96 N.Z. pence to dol. T.T. 18 7-16 1915-18 India and Ceylon— OJ>. 1811-32 1928-32 N.Z. pence to rup. T.T. 228-64* 2157-64 Japan — N.Z. pence to yen OX). 22 3-64 Mw " 22{ T.T.— 1721-32 Shanghai— N.25, pence todeL Singapore— * 1C2. pepce to dol. OJD. T.T. 17 6-32 OJX 1681-31 T.T. 347-18 1741-64 1817-32 331