THE STOCK EXCHANGES

Press, Volume LXXII, Issue 21908, 8 October 1936, Page 13

THE STOCK EXCHANGES

TURNOVER REDUCED

DEALINGS COMPLETED

LISTED STOCKS Sales on ’Change £ s. d. 100 Gcldsbrough, Mort .. 113 8 50 British Tobacco ■ • 2 3 3 300 Broken Hill Propty.

(rights to Wellington Alluvials) (3) 0 2 4 5 Colonial Sugar .. 43 2 6 100 Consolidated Brick .. 0 9 9

100 Dunlop Rubber ~ 0 17 1 50 G. J. Coles (cum div., and ex rights) ~ 3 17 0 100 Brian Boru (2) 0 0 41 400 Mount Morgan .. 0 14 5 (2) 014 6 0 14 5} Sales Reported 100 N.Z. Refrig. (£1 pd.) 018 TO 5 Colonial Sugar .. 43 5 0 100 G. J. Coles (cum div., ex rights) date sale Tues.) 316 9 UNLISTED STOCKS Sales on ’Change 100 Selfridges (A/asia, old) 1 9 6 200 Shillings (17/6 pd.) (2) oli 9 75 Woolworths (Syd., ord.) 5 8 3 (2) 586 Sales Reported 33 Woolworths (Syd., ordd 5 8 6 Banking Bank shares were firm at late rates. Goldsbrough, Morts were steady, with buyers and business at 63s Bd, sellers at 33s 9d. Buyers of P. and O. deferred slock raised their bids to 335. but sellers wanted 38s. N.Z. Refrigerating, fully paid, were easier at 18s lOd, and further buyers at 18s 9d failed to attract sellers—the contributing were firmer on buyers’ offers, 9s 3d. Miscellaneous Buyers of Australian Glass moved up to 93s sd, but sellers wanted 93s 9d. British Tobaccos were firmer at 43s 3d. and more were wanted at that price, sellers at 43s 9d. Buyers of Broken Hill Proprietary advanced their offers to 77s sd the “rights” had dealings at 2s 4d, buyers staying in at that figure, sellers at 2s sd. Colonial Sugars changed hands at £43 2s 6d and £43 ss, and late buyers at £43 failed to attract sellers. Consolidated Brick were firmer with buyers and business at 9s 9d. Dunlop Perdriau Rubbers moved up to 17s Id. sellers staying in at that figure, buyers at 17s. Buyers’ offers for Electrolytic Zinc, ordinary and preference, revealed firmer markets. A late sale of G. J. Coles on Tuesday was reported at 76s 9d: the market yesterday was firmer, with buyers and business at 775. Woolworths (N.Z.), ordinary, were firmer, with buyers at £5 ss. Mining Brian Bcrus remained unaltered at 4j.d. Alexander Mines, contributing, were stronger, with buyers at 14s 6d Mount Morgans were fractionally firmer at 14s sd, 14s 6d. and 14s s£d, closing quotations 14s 54d buyers, 14s 6d sellers. Unlisted Stocks Selfridges, Australasia, old, rose sharply to 29s 6d, market closing 29s buyers, 30s 6d sellers—buyers of the new issue raised their bids to 29s 3d. Shillings, Ltd., were firmer at 17s 9d. market closing Id either way. Woolworths (Sydney), ordinary, had dealings at £5 8s 3d and £5 8s 6d, buyers staying in at the lower price, sellers at £5 8s 9d. Sellers of Woolworths (Western Australia) reduced their limits to £5 11s 6d.

LATEST QUOTATIONS

INVESTMENT MARKET QUIET

After two days on which turnover was fairly good, the Christchurch Stock Exchange yesterday was quieter with reduced business. Most attention was paid to industrials.

LONDON PRICES

MINING

IIIMU DREDGE

The Rimu dredge clean-up on October 5 was: 124 i hours’ digging, 56,095 cubic yards, for 216 crude ounces recovered.

IMPORTANT TEXTILE MERGER

(UNITED PEE 33 ASSOCIATION —COPYRIGHT.) LONDON, October 6.

An important wool textile merger is announced. Salts, Saltaire, Ltd., has purchased the share capital of the Pepper Lee Company, Ltd., the Wike Mills Company, Ltd., and of Popplewell and Ingram. The business will be run as previously. The fusion is expected to avoid overlapping, and doubtless will result in considerable economies.

BLACKWATER MINES

IPRESS ASSOCIATION TELEGRAM.)

REEFTON. October 7.

The Blackwater Mines return for September is:—Crushed 3664 tons, yielding 1308 ounces of fine gold which, at a valde of 1375, gives £8962. Working expenses were. £6453, leaving a working profit of £2509. Development absorbed £992, and capital expenditure £252.

FOREIGN EXCHANGES

Buyers. Sellers. £ s. d. £ S. d. N.Z. Govt. Debentures 3J p.c. Ins., 1941 102 0 0 — 4 p.c.-Ins., 1937-40 — 101 15 0 4 p.c. Ins., 1943-46 104 2 6 — 4 p.c. Ins., 1946-49 105 10 0 — 4 p.c. Ins., 1052-53 105 12 6 4 p.c. Bonds, 1940 101 12 6 — 4 p.c. Bonds, 1946 104 2 G — 4 p.c. Bonds, 1949 105 12 6 — 4 p.c. Bonds, 1955 105 15 0 — Rural Bonds, 5 p.c.. 15/9/47 101 0 0 — Other Debentures N.Z. Refrig., 4i p.c.. 1940-45 101 5 0 Quill, Morris. 4 p.c., 1946 — 100 0 0 Banks Adelaide (£5) ». 6 5 0 Australasia (£5) 11 15 0 Comm, of Aust. (10s) 0 18 4 0 18 5 Comm, of Aust. (pref., £10) 9 1 0 E.. S., and A. (£3) 5 14 0 5 16 0 Natl, of A/asia. (£10 paid) 14 4 0 15 0 0 Natl. of A/asia. (£5 paid) 7 1 6 7 2 9 N.S.W. (£20) 32 10 0 32 15 0 New Zealand (£1) 1 19 0 1 19 6 Union (£5) 9 9 0 9 11 0 Insurance National (7s paid) 0 19 0 New Zealand (£1) 3 0 0 3 0 6 United (£5) 10 0. 0 Loan and Agency Dalgety and Co. (£5) 8 19 0 Ch.Ch. Build. Soc (£10) __ 15 15 0 Invincible Build. Soc. (£5) 4 0 0 5 0 0 Natl. Mort. (A, £2) .. 2 10 0 N.Z. and River Plate (£1) 0 14 3 N.Z Guar. Corpn. (cum div., 3s) 0 5 4 N.Z Loan and Merc. (ord., £100) .. 34 0 0 38 o o Perm. Invest. (£10) 9 5 0 10 2 6 United Build. Soc. (£1) 0 19 6 1 0 4 Wright. Stephenson (pref., £1) — 0 19 0 Shipping P. and O. Def. Stock (£1) 1 13 0 1 18 0 Frozen Meat Cantby. (£7 10s paid) 9 6 0 9 12 6 Cantby. (pref., £5) 5 10 6 N.Z. Refrig. (£1 paid) 0 18 9 N.Z. Refrig. (10s paid) 0 9 3 0 9 5 Nth. Cant. Freez. (£3 paid) __ 1 17 0 Woollens Oamaru (£1) .. Kaiapoi (17s paid) 0 14 6 1 0 1 15 6 0 Kaiapoi (7s paid) 0 5 3 n a o Kaiapoi (pref., 17s) . n in 6 Mosgiel (£4 paid) 9 15 0 Wellington (£5) — 6 5 6 Coal Taupiri (pref. £1) I 5 o Westport (10s) Stockton (10s) 1 0 2 1 3 6 o x 8 Stockton (pref., 10s) '! 0 3 3 (jTC&S Christchurch (£1) 9 o Christchurch (10s pd'.j — 0 14 6 Breweries Carlton (£1) 3 I 6 Dunedin (£1) x 10 0 New Zealand (£1) 2 11 0 2 11 6 Staples (£1) .. 2 15 0 Timaru (in liqdn., 10s) 0 2 8 0 3 0 Tooheys (16s) 1 11 9 Tooths (£1) .. 2 15 2 2 15 6 Miscellaneous Anthony Hordern (£1) 0 18 1 0 18 3 W. R. Carpenter (£1) .. 2 1 9 2 4 0 Aust. Glass (£1) 4 13 5 4 13 9 Aust. Iron and Steel (pref., £1) .. 1 5 3 1 6 0 Beath and Co. (cum div., £1) 1 1 0 1 4 0 Beath and Co. (Is paid) 0 2 0 0 4 C Beath and Co. (pref.. cum div., £1) 1 2 0 1 5 0

Buyers. Sellers. . £ s. d. £ s. d. Berlei (N.Z.) (£1) 2 19 0 3 2 0 Booth, Macdonald (pf., £1) 0 2 1 — British Tobacco (£1) .. 2 3 3 2 3 9 Broken Hill Prop. (£1) 3 17 5 .3 17 7 Broken Hill Prop. (15s paid) 2 17 0 2 17 s Broken Hill Ply. (rights to Wgtn. Alluvialb) .. 0 2 4 0 2 5 Canty. Farmers’ Co-op. (25s paid) 0 14 0 0 18 6 Canty. Fanners’ Co-op. (pref.. £2 10s) — 2 0 0 Claude Neon (N.Z.), (£1) 1 13 0 2 2 0 Claude Neon (Sydney), (£•• 2 9 6 2 U 0 Claude Neon (Victoria), (£1) 2 2 0 — Colonial Sugar (£20) .. 43 0 0 Consol. Brick (£1) 0 9 9 Dominion Fert'. (£1) .. 1 4 0 Dunlop Rubber (£1) .. 0 17 0 0 17 1 Electro. Zinc ford., £1) 2 3 10 2 4 1 Electro. Zinc (pref., £1) 2 6 0 2 6 3 Gen. Indus. (12s 6d).. 0 16 6 0 18 11 Evans Atlas Flour (10s) . — 1 5 6 General ■ Motors-Hol-dens (pref,, £1) — 1 4 0 Glenmore Brick and Tile (10s) — 0 7 C G. J. Coles (cum div.. and ex rights, £1) .. 3 17 0 3 17 4 G. J. Coles (rights) .. 1 1 14 11 1 13 6 Greater Crystal Palace (£1) 0 6 0 — Hay’s, Ltd. (£1 paid. cum div.) 1 2 0 1 4 0 Hay’s. Ltd. (15s pd. cum div.) 0 16 0 0 18 0 Henry Jones Co-op. (£1) 2 1 0 — Howard Smith (£1) ,. . 0 18 6 Hume Pipe (Aust.), (£1) 0 13 6 0 18 9 Kauri Timber (25s) .. 1 4 3 1 4 7 Millaquin Sugar (£1) .. 2 2 0 2 2 9 Mason. Struthers (14s paid) 0 9 6 Mason. Struthers (10s paid) — 0 7 6 Milburn Lime (£1) — 2 1 6 Morts Dock (£1) 0 11 0 o n 10 National Tobacco (£1) 0 14 0 — New Colosseum (£1) .. 1 12 6 1 14 0 Hoyts Theatre (A pf.. £1) 1 3 0 N.Z. Farmers’ Co-op. (£2 10s paid) 0 19 0 N.Z. Farmers’ Co-op. (A pref., £4) — 2 5 0 N.Z. Farmers’ Co-op. <4i p.c. Stock, 1940, £100) 92 0 0 92 15 0 N.Z. Farmers’ Co-op. (4J p.c. Stock. 1939, £100) 92 0 0 93 0 0 N.Z. Farmers’ Co-op. (4J p.c. Stock, 1945, £100) 02 0 0 — N.Z. Newspapers (£1) 1 19 6 2 1 0 N.Z. Paper Mills (£1) 1 6 10 1 8 3 Quill, Morris (1936, £1) — 0 18 6 Taranaki Oilfields (24s 6d) — 0 2 0 Victoria Nvanza (£1) .. 0 12 6 — Whltcombe and Tombs (cum div., £2 10s pd.) 3 ( 0 3 3 0 Wilcox Mofflln (£1) .. 0 10 6 0 11 3 Wilson’s Cement (10s) — 1 16 6 Woolworths (N.Z.), (ord., £1) S 3 0 5 9 0 Woolworths (Viet.), (pref., £1) — 1 9 0 Mining Arthur’s Point (Is) .. —. 0 0 Ci Addison’s Flat (Is) .. — 0 1 6 Alexander (£1) 0 15 0 0 17 0 Alexander (15 s paid) 0 14 6 0 15 6 Antonio’s Hyd. (Is) .. 0 0 4J — Argo (Is) 0 1 8 0 1 e Barrytown (15s paid) 1 8 0 1 9 0 Big River (Is) 0 1 9 o i iii Blackwater (£1) — 1 13 9 Brian Boru (1st 0 0 4i 0 0 4J Central Shotover (Is) 0 0 2 0 0 4i Deep Lead (Is) — 0 0 6 Gillespie’s Beach (Is) 0 I 4 0 1 5 Golden Dawn (5s) .. 0 2 0 — Golden Point (6d) 0 0 1 0 0 2 Golden Sands (Is) 0 2 0 0 2 7 King Solomon (Is) .. — 0 1 0 Lawson's Flat (Is) 0 0 22 0 0 5 Maerewhenua (Is) .. —- 0 0 2J Maori Gully (Is) 0 0 6 0 0 7 Mining House Concessions (Is) .. 0 0 U 0 0 oi Moonlight Goldfields (Is 1 0 0 10 0 1 3 Mossy Creek (Is) 0 1 3i 0 1 4i Nokomai (5s) 0 1 n Okarito (5s) 0 3 0 0 4 11 Nemona (ls> 0 1 4 0 1 8 Skippers (Is) 0 0 33 0 0 4 Waihi Invest. (5s) .. 0 10 4 — Walhi Gd. June. (2s) 0 3 4 0 3 9 Waimumu Sluic. (Is) — 0 0 9 Waitahu (5s) — 0 2 0 Worksop Extend. (Is) — 0 1 10 Australian Mining Mount Lvell (£1) 1 9 6 1 9 8 Mount Morgan (2s 6d) 0 14 51 0 14 6 Rewang Tin (10s) .. 0 9 0 0 9 3 Sulphide Corpn. (£1) 0 16 0 0 16 6 UNLISTED STOCKS All transactions in stocks quoted In this section are subject to a differenl rate of brokerage from listed stocks and are not quoted in the official list. Buyers. Sellers. £ s. d. £ s. d. Andersons, Ltd. (pref.) 0 16 0 0 19 3 Assoc. Motorists Petrol (pref.) 1 5 0 1 8 6 Ben Ledi (Is paid) .. 0 0 2 Canty. Roller Flour .. 0 5 0 0 6 0 Christchurch Press .. 8 0 0 — Coulls, Somerville, Wilkie — 0 15 0 Jones Nevis — 0 0 6 Macetown 0 0 2i 0 0 3 New River 0 0 8 0 0 6i N.Z. Mining Invest. .. — 0 0 7 N.Z. Perpetual Forests 2 12 9 2 18 0 Regent Theatre (Ch.Ch.) — 0 5 6 Smith, Wylie — 0 10 0 Self ridges (A/asia) (old) 1 9 0 1 10 6 Self ridges (A/asla) (new) 1 9 3 1 10 6 Shillings (17s 6d paid) 0 17 8 0 17 10 Were’s Invest. Trust (rights) 0 0 11 0 1 0 White’s Electric 0 0 a 0 0 .0 Westland Breweries .. 1 6 0 — Woolworths (Sydney) (ord.) 5 8 3 5 8 9 Woolworths (W.A.) .. 5 6 6 5 11 6 Suckling Bros. 8 10 0 — Temuka Flour — 0 19 0 AUCKLAND Sales on ’Change £ s. d. N.Z. Insurance (3) 3 0 0 Farmers’ Auct. (A prei 1 2 9 Auckland Gas (2) 1 3 0 Wellington Gas 1 17 6 Kauri Timber (2) 1 4 7 National Timber 0 13 6 Kaiapoi Woollen 0 14 6 Anthony Hordern 0 18 4* Broken Hill Prop. 3 17 3 3 17 6 3 17 4 3 17 6 Broken Hill Prop, (rights) 0 2 6 Colonial Sugar 43 2 6 Consolid. .Brick 0 9 9 Farmers' Trading 0 19 0 Farmers’ Trading (A pref.) 1 1 9 G. J. Coles 3 16 9 3 16 6 Milne and Choyce (pref.) 1 2 6 Milne and Choyce (B pref.) 1 3 0 Morris, Hedstrom 1 6 3 Sanford. Ltd (pref.) . 0 17 9 Wilson’s Cement 1 16 3 Brian Boru 0 0 3 Mount Lyell j 1 9 6 Mount Morgan (2) 0 14 4 0 14 5 Unlisted Stocks Sellridges (A/asia) (new) 1 8 3 1 8 9 Woolworths (Sydney) 5 9 3 DUNEDIN Sales on ’Change £ s. d. Goldsbrough, Mort (2) 1 13 9 1 13 10 Dunlop Rubber 0 17 1 Broken Hill South 6 2 6 Electro. Zinc (ord.) . (3) 2 3 9 Mount Lyell 1 9 8 Mount Morgan 0 14 4 (3) 0 14 5 Argo ,, , 0 1 9

WELLINGTON Sales on 'Change p. and O. (De£. Stk.) (late Tucs) £ s. d. 1 12 101 Waitomo E.P. Bd.. px., 1943 101 15 0 Com in. Bank of Aust. 0 18 National Timber 0 13 Electrolytic Zinc (pref.) U) 2 5 2 5 8 Electrolytic Zinc (ord.) 2 4 2 .1 0 10 Hume Pipe a* 0 18 11 Farmers’ Trading u rj Broken Hill (rights) • • 0 2 3 Wilson’s Cement 1 16 6 31 Skippers 0 0 Unlisted Stocks Mount Lyell 1 9 1 9 9 S White’s Electric (Is paid) 0 0 10 Shillings, Ltd. o n 9 0 17 0 17 10 SYDNEY On tiie Sydney Stock Exchan ge yesterday the investment market was rather ouiet, but there was an enquiry for most front rank industrials at hi gher figures. Gold shares showed a firmer tendency as did tin shares. * Morning Sales £ s. d. Commonwealth Bonds— 4 per cent., 1938 102 5 0 4 per cent., 1950 101 12 6 4 per cent., 1953 101 15 0 Ban* of Australasia .. 12 0 0 Australian Gas A (new) 7 5 0 Toohey’s Brewery 1 11 0 Tooths 2 16 0 British Tobacco 2 4 0 Broken Hill Prop, (new) 2 18 0 Burns, Phllp 3 11 9 Dunlop Perdrlau 0 17 li Dunlop Perdriau (pref.) 1 13 6 Electrolytic Zinc 2 4 3 Millaquin Sugar 2 2 9 Afternoon Sales Bank of Australasia 12 0 0 Tooth’s Brewery 2 16 3 Tooheys 1 11 9 Goldsbrough, Mort 1 14 0 Morris Hedstrom 1 6 6 Millaquin Sugar 2 2 9 Electrolytic Zinc 2 4 3 Australian Gypsum 0 19 10J Meggitts 1 7 6 Sargents 1 9 0 W'atdas Shoes (N.Z. delivery’) 1 14 0 Cash Orders 1 4 6 Mount Morgan 0 14 8 Mount Lyell 1 10 0 Broken Hill Prop. 3 18 3 South Broken Hill 6 4 0 North Broken Hill 9 14 0 Bulolo Deposits 0 2 3 Placer Development 4 18 6 New Guinea Goldfields 0 4 9J Hawang Tin 0 9 0 Peninsula Tin 1 4 0 Takuapa Tin 1 1 3 Tanah Biji Tin .. 1 0 0 MELBOURNE There was a firm market for Industrials hi Melbourne. Sales;— National Bank (£3 paid) 7 4 0 British Tobacco 2 2 6 Carlton Brewery 3 3 0 G. J. Coles 3 18 6 Drug Houses 1 10 6 Australian Iron and Steel (pref.) 1 6 0 Australian Glass 4 14 9 Dunlop Perdriau 0 17 3 Dunlop Perdriau (pref.) 1 14 0 Electrolytic Zinc 2 4 9 Electrolytic Zinc (pref.) 2 6 9 Victoria Nyanza Sugar 0 12 9 Mount Morgan 0 14 8 Mount Lyell 1 10 0 Broken Hill Prop. 3 18 6 North Broken Hill .. 9 13 6 Zinc Corporation 4 11 9 Emperor Gold 0 15 2 Loloma 1 3 3 Myer Emporium 1 3 3 Kauri Timber 1 4 7 Silverton Trams 1 19 6 Sulphide Corporation .. 0 16 5 Hume Pipe O 19 0 Melbourne Electric Stock 0 19 3 Yarrfi Falls 2 0 6

LONDON. October 6. Sept. 22. Oct. 6. £ s. d. £ s. d. Banks— Australasia 9 5 0 9 10 0 E.. S., apd A. 4 '8 8 4 10 0 Union of Aust. 6 18 9 7 3 9 New South Wales .. 26 5 0 26 15 0 Natl, of N.Z. 2 8 6 2 10 0 New Zealand 1 15 6 1 17 6 Other — ’N.Z. Loan and Merc. (4 p.c. debs.) 89 10 0 89 10 0 (ord stock) 24 0 0 24 10 0 Sept. 28. Oct. 6. ’ £ s. d. £ s. d. Br. Tobacco 1 14 4| 1 15 0 Goldsbrough, Mort .. 15 6 1 5 6 Dalgety’s 7 10 0 7 10 0 P. and O. Def. Stk. .. 1 8 7| 1 7 0 Mount Ljrell — 1 4 *

(•RiTiaa OFFICIAL wibblbm.) RUGBY. October 6. Par. Oct. 4. Oct. 6. Paris, fr. to £1 124.21 105 21-64 104 63-64 New York. 4.91J 4.94 13-64* dol. to £1 4.866 Montreal, 4.91 i dol. to £1 4.866 4.903 Brussels, _ 29.178 belgas tb £1 35 29.248 Geneva, 21.41 21.30 fr. to £1 25.2215 Amsterdam. 9.24 9.238 fl. to £1 12.107 Milan, 938 lire to £1 92.46 — Berlin, reich12.238 12.24 marken to £1 29.43 Oslo, kr. to £1 IS.lpB 19.90 19.90 Stockholm, 19.398 kr. to £1 18.159 19.398 Vienna, schgs. 268 268 to £1 34.585 Prague, 1318 kr. to £1 164.25 — Helsingfors, 223 223 marks to £1 193.23 Madrid, pesetas to £1 25.2315 — Lisbon, escu110 3-16 dos. to £1 110 110 3-16 Athens, drach 650 550 to £1 375 Bucharest, 675 lei to £1 843.6 675 Belgrade, 220 216 dinars 25.2215 Rio de Janeiro, pence to 4 1 44 railrels 4.899 Buenos Aires. pence to dol. 51 — — Montevideo. 281-16 285 pence to dol. 51 Bombay, pence 188 00 to rupee 19 Shanghai, 14 11-16 14 29-32 pence to dol. « Hong Kong, 14a 14J pence to yen • Yokohama. 141-64 14 1-32 pence to yen • Batavia, 9-248 1 guilders 12.107 — Warsaw, par 43.36 zlotys to £1 — — ♦ Determined by price of silver.