THE STOCK EXCHANGES

Press, Volume LXXII, Issue 21813, 19 June 1936, Page 13

THE STOCK EXCHANGES

DEALINGS COMPLETED

Sales Reported

Government A late sale of New Zealand Government, 4 per cent, stock, due 1940, on Wednesday, was reported at £lO2 12; 6d—the 1955 stock yesterday changed hands at £lO4. A late slae of Quill Morris (1936), Ltd., 4 per cent, debentures, due 1946, on Wednesday, was reported at £BO. and a parcel of Lyttelton Harbour Board 4i per cent, debentures, due March 31, 1951, changed hands at £lO6. Commercial Bank of Australia were firm at 19s 3d, market closing Id either way. Bank of Australasia were firmer on buyers' offers £ll 15s. Sellers of Bank of New Zealand reduced their limits to 425, buyers at 40s. Goldsbrough. Morts were active at 31s 8d and 31s 9d. market closing 31s 7d buyers, 31s 9d sellers. Stockton Coal ordinary had dealings at 2s. New Zealand Breweries were easier with sellers at 51s 3d. buyers at 50s 9d, Miscellaneous Australian Glass, cum dividend, were weaker with sellers at 91s. Broken Hill Proprietary declined to dealings at 70s 3d and 70s Id—the contributing relapsed to 48s 9d. 48s 3d, and 48s 4d. Consolidated Brick, cum dividend, were fractionally firmer at 9s fid and 9s sd. Dominion Builders’ Supplies remained unaltered at 6s. market closing Id either way. Electrolytic Zinc preference advanced to 42s 3d. Hume Pipe (Australia) were easier with dealings at 20s and 19s lid and further sellers at the lower price, Kauri Timbers were firm with buyers and business at 23s fid, sellers at 23s 7d. New Zealand Newspapers were easier at 41s. Mining A late sale of Alexander Mines (15s paid) on Wednesday was reported at 14s 4d, and buyers yesterday offered that price, sellers at 16s. Big Rivers moved up to 2s 3d and closed with buyers at 2s 3£d, sellers at 2s 4d. King Solomons were steady at Is 10£ d. Mount Lyells, cum dividend, were firmer with dealings at 24s fid and 24s 7d, and further buyers at 24s 6d. An odd parcel of Mount Morgans changed hands at 15s fid; closing prices were 14s 9d, buyers, 14s lid sellers. Unlisted Stocks Selfrldges (Australasia), old. were firmer at 28s. Shillings, 10s paid, were firmer at prices ranging from 14s fid to 15s, market closing 14s 9d buyers, 15s sellers. Woolworths were easier at £5 14s.

LATEST QUOTATIONS

UNLISTED STOCKS

GOOD TURNOVER RECORDED BANK OF NEW ZEALAND WEAKER Turnover was well maintained on the Christchurch Stock Exchange yesterday, the main interest being still in Australian industrials. A number of these issues were weaker. Sellers of Bank of New Zealand, in which there were no dealings, reduced their limits 6d to £2 2s, and buyers remained at the same reduced price as on Wednesday £2.

AUCKLAND Sales on Change £ s. d.

DUNEDIN Sales on ’Change £ s. d.

WELLINGTON

SYDNEY

The investment market on the Sydney Stock Exchange yesterday was In a hesl-, tant mood, for which the under-subscrip-tion of the new Federal loan, and influences associated with the financial end of the year, were mainly responsible. There was a mild reaction from recent advances in prices.

MELBOURNE

THE METALS MARKET

PRICE OF GOLD

LONDON. June 17. Gold is quoted at £6 18s 3d a fine ounce. %

PRICE OF SILVER

LONDON, June 17. Silver is quoted at 19$ d a fine ounce for both spot and forward. SALE OF 'CALVES FOR FOOD NEW REGULATIONS 1 (PUSS ASSOCIATION TXLIOSAU.) WELLINGTON, June 18. The following regulations under the Agriculture (Emergency Powers) Act, to ensure the proper feeding and maturity of calves sold or offered for sale for slaughter for human consumption, have been gazetted, and come into force immediately. They provide that no person shall sell or offer for sale any calf unless it be properly and sufficiently fed daily from birth, and have been fed not earlier than four hours before the time of its actual removal from his premises In pursuance of a sale or contract or intended contract for sale. The onus of proof that the regulations have been properly carried out will lie on the defendant. No person shall purchase, drive, or convey any calf which appears to be unfit through weakness or immaturity to be driven or conveyed to a place of slaughter. The penalty for a breach of the regulations is fixed at £5. AUSTRALIAN PRODUCE SYDNEY PRICES SYDNEY. June 18. Wheat on country sidings is quoted at 3s, which is equal to about 3s 6id. ex trucks, Sydney. Flour—£9 IQs. Bran—£6 10s. Pollard—£6 15s £ Potatoes—Tasmanian, £8 10s; others. Onions—Victorian brown, £ll 10s. Maize—Yellow and white 4s lOd. ADELAIDE • Wheat—Growers’ lots 3s 4d. Flour—Bakers’. lots £9 2s 6d. Bran and pollard—£6 10s. Oats—Algerian 2s Id. Barley—2s.

PACIFIC STARR-BQWKETT

The first iballot for a free loan in group 9 of the Pacific Starr-Bowkett Building Society, held on June 16, was drawn by Cluster 93, held jointly by a Dunedin and a Christchurch shareholder.

LISTED STOCKS Sales on 'Change d. £ s. 200 Big River 400 King Solomon 0 0 2 1 3 10 J 300 Comm. Bank of Aust. (*) 0 19 3 400 Goldsbrough, Mort 11 8 (cum div.) (4) 1 100 Broken Bill Propty. 3 3 10 10 3 1 50 Broken Hill Propty. 8 A (contr.) Brick 2 % 400 Consolidated 0 0 9 9 (cum div.) (2) Juilders’ 6 5 300 Dominion I Supplies (3) 0 6 0 400 Hume Pipe (Aust.) (2) 1 0 0 (2) 0 19 11 150 Mount Lyell 1 1 4 4 6 7 60 Mount Morgan (odd) 0 15 6

100 N.Z. Newspapers 2 1 0 50 Alexander Mines (late sale Wed.) (15s paid) 0 14 4 200 Big River 300 King Solomon 0 0 Z Ct 1 10i 200 KaUri Timber 1 3 b £6020 N.Z. Govt. 4 p.c., Ins., 1937-40 (late sale Wednesday) 102 12 6 £3025 N.Z. Govt.. 4 p.c. Ins., 1952-55 104 0 0 £1550 Quill Morris, 4 p.c. (2nd mortgage). 1946 (late sale Wed.) 80 0 0 200 Comm. Bank of Aust. 0 19 3 400 Goldsbrough, Mort (4) 1 11 9 1000 Westport Stockton Coal (2) 0 2 0 50 Broken Hill Propty. 0 10 3 200 Broken Hill Propty. (contr.) 2 8 9 (2) 2 8 3 100 Electro. Zinc (pf.) 2 2 3 100 General Industries .. 0 19 4 £1000 Lyttelton Harbour Board 41 p.c., 1951 106 0 0

UNLISTED STOCKS Sales on ’Change 300 Shillings. Ltd. (10s 14 9 paid) 0 (2) 0 14 10 65 Woolworths (Syd., 14 0 ord.) 5 Sales Reported 300 Selfridges (A/asia., 8 old) (3) 1 0 200 Shillings, Ltd. (10s 0 paid) 0 15 0 14 6

N.Z. Government Debentures Buyers - Sellers. £ s d £ S. d. 31 p.C. Ins., 1939-43 — 103 0 0 31 p.c. Ins., 1938-52 and 1939-52 102 10 0 — 4 p.c. Ins., 1943-46 104 5 0 104 10 0 4 p.c. Ins., 1937-40 102 5 0 — 4 p.c. Ins., 1952-55, and Bonds, 1952-55 — 104 5 0 4 p.c. Bonds, 1937-40 .. 102 5 0 — 4 p.c. Bonds, 1943-46 .. 104 5 0 — Other Debentures Lyttelton Harbour, 41 p.c., 31/3/1951 103 0 0 107 10 0 Grey Electric Power, 44 p.c., 1/4/1951 — 106 0 0 Foxton Borough, 41 p.c., 31/1/1946 — 103 0 0 Booth, Macdonald, 6i p.c., 1937 72 0 0 78 0 0 N.Z. Refrig., 41 p.c.. 1940-45 101 5 0 — Amalg. Brick (Wgton). . 6 p.c., 31/3/1944 — 104 0 0 Banks Australasia (£5) 11 15 0 — Com. of Aust. (10s) .. 0 19 2 0 19 4 Com. of Aust. (pf., £10) — 9 6 0 Com. of Sydney (£12 10s) — 20 0 G Natl, of A’asia (£5 pd.) — 7 5 0 Natl, of N.Z. (cum div., £2 10s) — 3 13 0 New South Wales (£20) — 33 0 0 New Zealand (£1) 2 0 0 2 2 0 Union of Aust. (£5) .. 9 7 6 9 12 6 Insurance National (6s paid) .. 0 18 3 — Loan and Agency Dalgety and Co. (£5) .. — 9 2 0 Ch.Ch. Building Soc. (£10) — 16 0 0 . Goldsbrough. Mort \ (cum div., £1) 1 11 7 1 11 9 N.Z. Guar. Corpn. (3s) 0 5 4 0 5 6 N.Z. Loan and Mercantile (ord. stk., \ £100) ■ 35 0 0 Permanent Invest. (£10) 10 5 r United Build. Soc. (£1) 1 o 6 1 1 3 Wright, Stephenson (pref., £1) .. 1 0 3 Newton King (pf., £1) — 0 9 3

Shipping Buyers. Sellers. £ s. d. £ S. d. Huddart-Parker (£ 1) 1 15 0 — Huddart-Parker (pret.. £1) — 1 8 8 Frozen Meat Canterbury (ord., £7 lOd paid) 9 0 0 9 12 6 N.Z. Refrig. (£1 paid) 0 19 11 1 0 1 N.Z. Refrig. (10s paid) 0 9 5 0 9 7 North Cant. Freezing (£3 paid) .. 1 6 0 1 15 0 Woollens Oamaru (£1) —i 1 1 0 Kaiapoi (17s paid) — 6 0 15 4 Kaiapoi (7s paid). 0 5 0 6 3 * Coal Pukemiro (£1) 1 5 0 — Westport (10s) 1 1 6 1 2 3 Stockton (ord., 10s) .. 0 1 9 0 2 6 Stockton (pref., 10s) .. 0 3 0 — Gas Christchurch (£1) 1 12 6 1 13 2 Christchurch (10s - pd.) — 0 17 3 Timaru (£1) — 1 2 0 Breweries Dunedin (£1) — 1 11 2 Monteiths (£1) 0 12 6 0 15 0 New Zealand (£1) 2 10 9 2 11 3 Tooths (£1) .. 2 12 9 2 14 0 Miscellaneous Amalgamated Wireless (£1) 2 10 0 — Amalgamated Wireless 15 (con., 14s paid) 1 6 — Anthony Hordern (£1) 0 18 5 0 18 10 Aust. Glass (cum div. 0 £1) 4 10 3 4 11 Aust. Iron and Steel (pref., £1) 1 5 4 1 5 7 Beath and Co. (£1) 1 4 0 1 6 0 Beath and Co. (Is paid) — 0 6 9 Beath and Co. (pf.. £1) — 1 6 C British Tobacco (cum div., £1) 2 0 10 2 1 1 Broken Hill Prop. (£1) 3 10 0 3 10 3 Broken Hill Prop. (con. 8 6s 8d paid) 2 8 4 2 5 Canterbury Farmers’ 0 Co-op. (£1) 0 10 — Canterbury Farmers’ Co-op. (pref., £1) .. 1 5 0 — 6 Colonial Sugar (£20) — 41 17 Consol. Brick (cum div.. £1) 0 9 4 0 9 5 Dominion Build. Supplies (10s) .. 0 5 11 0 6 1 Dominion Fert. (£1) .. — 1 6 6 Dunlop Perdriau Rubber (£1) .. 0 17 5 0 17 6 Dunlop Perdriau Rub15 ber (pref., £1) — 1 0 Electro. Zinc (ord., £1) — , 1 19 6 Electro. Zinc (pf.. £1) — 2 2 0 General Industries (£1) 0 19 4 0 19 9 Glenmore Brick and Tile (16s) 0. 2 6 0 7 6 G. J. Coles (£1) • 3T 18 6 3 19 0 Greater Crystal Palace (£1) — 0 10 0 Hume Pipe (Aust.) (£1) 0 19 10 0 19 11 Kauri Timber (25s) .. 1 3 6 1 3 7 Mason, Struthers (£1 paid) 0 14 0 — Mason, Struthers (14s paid) — 0 10 6 Mason, Struthers (10s paid) — 0 0 7 0 Milburn Lime (£1) .. 2 1 - • Morts Dock (£1) 0 9 3 0 9 7 N.Z. Drug Co. (£2) .. — 4 0 0 N.Z. Farmers’ Co-op. (10s paid) .. 0 1 2 —- N.Z. Farmers' Co-op. (£2 10s paid) N.Z. Farmers’ Co-op. 0 19 0 -— (4J p.c. stock, 1940, £100) 91 5 0 N.Z. Newspapers (£1) — 2 1 6 Quill, Morris (1936) (£1) 0 17 9 0 18 3 Taupo Totara Tim. (10s) 0 10 0 — Taupo Totara Timber (pf., cont, 16s pd.) — 0 15 0 United Pictures (£1) .. 0 19 0 United Provisions (£1) 0 14 0 0 14 3 Urlwins (pref.. £1) .. 1 0 0 1 3 0 iVh it combe and Tombs (£2 10s paid) 3 8 0 3 10 0 Wilcox Mofflin (£1) .. — 0 11 8 Wilson’s Cement (10s) 2 0 0 2 5 0 (Voolworths (N.Z., ord., cum div., £1) 9 0 0 9 15 0 (Voolworths (N.Z., pref., £1) — 1 16 0 {Voolworths (Sydney), 6 (2nd pref., £1) — 1 4 Voolworths (Victoria) 1 10 0 (pref., £1) Zealandla Soap (£1) . • — 0 9 0 Mining Addison’s Flat (Is) .. 0 2 0 Alexander (£1) 0 15 6 0 18 6 Alexander (15s paid) 0 14 4 0 16 0 Antonios Hyd. (Is) 0 0 5 0 0 75 Aotearoa (Is) 0 0 1 9 Argo (Is) 35 0 1 Big River (Is) 0 2 0 2 4 Blackwater (cum div., 15s) 1 14 3 2 0 0 Brian Boru (Is) 0 0 4 Consol, (cum div., £1) 0 15 0 Gillespie’s Beach (Is) 0 1 0 0 1 3 Golden Point (6d) .. 0 0 O 0 0 2J Golden Sands (Is) .. 0 2 0 0 2 9 King Solomon (Is) .. 0 1 11 Maerewhenua (Is) 0 0 21 0 0 23 Mahaklpawa (6d) 0 0 03 Maori Gully (Is) 0 0 10 0 1 0 Martha (5s) 0 19 3 Mossy Creek (Is) 0 1 3 0 1 5 Nevis Diesel Elec. 0 03 (Is) 0 Skippers. (Is) 0 0 31 0 0 33 Waimumu Sluic. (Is) 0 0 65 0 0 8 Worksop Extended 9 (cum div,, Is) 0 1 0 2 0 Australian Mining Mt. Lyell (cum div., 6 8 £1) 1, 4 1 4 Mount Morgan (2s 6d) 0 14 4 0 14 11 Rawang Tin (10s) 0 8 9 0 9 0

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. Andersons, Ltd. (pref.1 £ s. 0 19 d. 6 £ s. d. Assoc. Motorists Pet1 8 6 rol (pref.) 1 7 6 Federal Theatre — 1 1 0 Emperor Fiji 0 12 1 0 14 0 N.Z. Mining Invest. — 0 0 7i N.Z. Perpetual Forests 2 19 10 — N.Z. Perpetual Forests 12 (4s paid) 0 0 — 9 Smith, Wylie — 0 12 Self ridges (A’sia, new) 1 7 9 1 8 0 Self ridges (old) 1 7 0 1 8 6 Shillings, Ltd. (10s pd.) 0 14 9 0 13 0 Westland Breweries (10s paid) 0 13 0 — White’s Electric 0 0 7J 0 0 9 Wo-Tworths (Sydney), 5 15 0 (ord.) ... — Woolworths (W. Aust.) 5 4 6 5 7 0

Stock, 1940, 4 per cent. 102 15 0 Stock, 1946, 4 per cent. (2) 104 2 6 Stock, 1949, 4 per cent. 104 0 0 Bank of New Zealand . . 2 2 0 Bank of N.Z. (D mort.) 1 8 6 N.Z. Insurance 3 5 0 South British Insurance 4 12 6 4 12 9 Goldsbrough, Mort 1 11 9 Renown Collieries 0 10 11 Auckland Gas 1 5 10 Kauri Timber 1 3 7 Australian Glass 4 11 0 Broken Hill (2) 3 10 0 Electrolytic Zinc (pref.) 2 2 3 McKendrick Bros. 1 0, 3 Morris, Hedstrom 1 5 10 Golconda Holdings 0 0 10 Unlisted Stocks N.Z. Perpetual Forests 3 0 0 2 19 6 Selfridge’s (A’asla.) 1 8 0 Selfridge’s (A'asia), new issue 1 7 3

National Insurance (4) b 18 6 Bank of New Zealand 2 2 9 NX Befrig., (con.) 0 9 6 Dominion Fertiliser. 1 S 3 1 5 4 Milbum Lime and Cement 2 2 0 Mount Lyell (cum div.) . 1 4 8 Unlisted Stock Sellridge’s (old issue) 1 • n

Sales on Ohange £ S. d. Stock, 4 jyer cent., 1937-40 (late 102 12 6 Wednesday) Union S.S. Co. (pref.). (late Wednesday) 1 6 2 Stock, Si p.c., 1938-52 102 15 0 Stock, 3i p.c., 1939-52 Bank of N.Z. (D long term) .. 102 15 0 1 8 6 South British Insurance 4 12 9 Leyland, O’Brien 1 2 6 Staples and Company .. 1 14 6 Broken Hill Prop. 3 10 9 3 10 3 3 10 6 Argo Gold .. 0 1 9 Mossy Creek 0 1 5 Mount Morgan 0 15 2 Unlisted Stocks Shillings. X>td. (10s paid) .(2) 0 14 6

Morning Sales Bank of New South Wales £ s. a. 33 7 6 Australian Gas (A) 7 11 6 Tooth’s Brewery 2 14 0 Associated Newspapers (pref.) 1 2 6 Australian Glass 4 12 0 British Tobacco 2 1 3 Broken Hill Propty. .. 3 11 3 Broken Hill Propty. (new) , , 2 9 0 Colonial Sugar , , 42 5 0 Dunlop Rubber 0 17 71 Commonwealth Bonds — 4 per cent., 1938 # , 101 0 0 4 per cent., 1941 101 5 0 4 per cent., 1944 101 7 6 4 per cent., 1950 102 10 0 4 per cent., 1955 , , 100 7 6 4 per cent., 1959 101 0 0 4 per cent., 1961 .. 101 10 0 Afternoon Sales Bank of New South Wales 33 7 6 Comm. Bank of Sydney # , 20 3 0 Union Bank 9 10 0 Automatic Totallsator * . 0 19 0 Howard Smith 0 19 4i Burns Philp 3 13 3 Australian Gas (A) p # 7 11 6 British Tobacco 2 1 3 British Tobacco (pref.) 1 8 0 Tooth’s Brewery 2 13 9 G. J. Coles 3 19 3 Queensland Brewery (pref.) 1 4 9 Australian Iron and Steel (of.) 1 5 9 Australian Glass 4 12 0 Dunlop Perdriau 0 17 71 Morris Hedstrom 1 5 101 Fairymead Sugar 2 8 0 Electrolytic Zinc, 1 19 3 Anthony Hordern ., 0 18 6 Standard Cement m f 1 0 9 General Industries 0 19 71 Mark Foy 1 7 u Hume Pipe 1 0 0 Australian Gypsum 0 19 6 Broomfields 0 9 5 United Provisions 0 14 1 Australian Drug 9 0 14 9 Peters Ice 2 3 0 Hackshalls 0 16 3 W. R. Carpenter 2 3 0 Woolworths (ord.), buyers 5 13 0 Wool worths (ord.), sellers 5 15 0 Woolworths (second pref.) . • 1 6 6 Broken Hill Propty. 3 12 0 South Brpken Hill 5 8 0 Rawang Tin 0 8 9 Placer Development 5 12 6 Lady Shenton 0 3 11 Commonwealth Bonds— 4 per cent., 1938 • • 100 17 8 4 per cent., 1941 101 5 0 4 per cent., 1944 # 101 15 0 4 per cent., 1947 102 5 0 4 per cent., 1950 9 # 102 5 0 4 per cent., 1953 9 , 102 5 0 4 per cent., 1955 , # 100 11 3 4 per cent., 1957 9 100 15 0 4 per cent., 1959 # 100 17 6 - 4 per cent., 1961 . , 101 10 0

Electrolytic Zinc £ s. d. .. 1 19 6 G. J. Coles ..4 0 0 Herald and Weekly Times ..3 8 6 Mount Morgan .. 0 15 1 Mount Lyell ..15 0 Emperor .. 0 12 9 Loloma .. 0 17 6

(BRITISH OITICIAL WIUUC8S.) RUGBY, June 17. June 16, June 17. Copper- £ 3, d. £ . s. d. Standard, spot 36 5 7* 36 5 7J Forward 36 8 9 36 11 3 Electrolytic ,. 40 2 6 40 5 0 to 40 12 6 40 12 6 Wire bars .. 40 12 0 40 12 6 LeadSpot 15 0 0 15 T 3 Forward 15 2 6 15 2 6 Spelter— Spot 13 13 9 13 8 9 Forward 13 18 9 13 13 9 TinSpot m 2 6 180 12 6 Forward 179 17 6 178 17 6 Silver— Fine, per oz 19 13-16d 19|d Standard, per oz 21 Id 21 5-16d