THE STOCK EXCHANGES

Press, Volume LXXIII, Issue 21991, 15 January 1937, Page 13

THE STOCK EXCHANGES

BUSINESS CONTINUES ACTIVE AUSTRALIAN INDUSTRIALS POPULAR

There was an increased volume of business on the Christchurch Stock Exchange yesterday with activity in several Australian industrials. Price levels generally were well maintained. The chief advances were in British Tobaccos, Broken Hill Proprietary, Electrolytic Zinc, G. J. Coles, Mount Lyells, and Mount Moreans. Woolworths lost part of their recent gain and New Zealand Breweries showed a further easing.

78 0 I Sales Reported ! 50 Woolworths (Sydney, ord.) .. (2) 8 15 6 100 Sclfridges (old) .. 1 17 9 Banking Commercial Bank of Australia were fractionally weaker with buyers and business at 19s 4d, sellers at 19s sd. Bank of New Zealand remained unaltered at 41s, market closing 3d either way. National Bank of New Zealand were easier, with sellers at 62s 6d. Dalgety and Company recovered to £ll 12s 6d, and more were wanted at £ll 13s 6d. Goldsbrough Morts were fractionally firmer, with sellers and business at 38s. United Building Society were steady at 20s. New Zealand Refrigerating, 10s paid, moved up a point to 9s Gd. market closing Id either way. New Zealand Breweries dropped to dealings at 57s 6d. 57s 2d. and 575. and there were further sellers at the lowest price, buyers at 5Cs. Tooths Brewery were firmer on buyers' offers 56s 6d. Miscellaneous Anthony Hordern advanced tn 20s Bd, closing quotations' Id on either side. British Tobaccos rose to dealings at prices ranging from 50s to 50s 7d. and closed firmer, with buyers at 50s Bd. Broken Hill Proprietary were firmer, with dealings. at 82s 9d and 82s 6d—the contributing moved up to 69s 7id and 69s 9d„ Colonial Sugars were firm at £43. Dunlop Perdriau Rubbers advanced to dealings at 19s 3d to 19s 4Jd. Electrolytic Zinc were firmer, with dealings in the ordinary at 55s Id and 56s Id. and in the preference at 58s 6d and 58s sd. A late sale of G. J. Coles on Wednesday was reported at 98s Gd—the market yesterday was firmer, with dealings at 90s and 99s 3d. Kauri Timbers were easier at 235, market closing 2d either way. Morts Dock were fractionally firmer at 13s 2d and 13s Id. Wilcox Mofflin were firmer, with' buyers and dealings at 12s lOd, sellers at 13s. Wilson's Cement changed hands at 395. Woolworths, New Zealand, ordinary, relapsed to £7 9s 6d. and £7 7s. Mining Gillespies Beach had business at Is sd, and more were wanted at that price. Worksop Extended were firmer with buyers and dealings at Is 9Ad. Broken Hill South moved up to 48s 9d, and more were wanted at that price. Mount Lyells rose sharply to dealings at prices ranging from 43s to 445. Mount Morgans were firmer at 17s 4d, 17s sd, and 17s 4£d. Unlisted Stocks Sellridges gained Is 7d, with business at 39s 7d. Woolworths, Ltd., dropped to dealings at prices ranging from £8 15s 6d to £8 lis, and there were further sellers at the lowest price. Woolworths, Western Australia, were easier at £7 8s 6d to £7 Bs.

LATEST QUOTATIONS N.Z. Government Debentures Buyers. Sellers £ s. d. £. s. d. 3.'. p.c. Ins., lfm-52 .. 101 0 0 102 0 0 32 p.c. Ins., 1941 .. 4 p.c. Ins., 1946 .. 103.12 6 4 p.c. Ins., 1940-49 .. 103 12 G 104 7 6 4 p.c. Ins.. 1952-55 .. 102 7 6 4 p.c. Bonds, 1946 .. 103 12 0 4 p.c. Bonds. 1940 .. 104 0 0 • 4 p.c. Bonds, 1955 .. 102 12 6

UNLISTED STOCKS All transactions in stocks quoted in this section are subject to e different rate of brokerage from listed stocks and are not quoted on the official list. Buyers. Sellers. £. s. d. £ s. d. Andersons. Ltd. (pi.) 0 19 0

WELLINGTON Sales on 'Change £ s. d. Tooth and Co. (late Wed.) .. 2 17 3 Broken Hill Pty. (late AVed.) .. 4 2 9 Electro. Zinc (late Wed.) .. 2 14 6 Electro. Zinc . (pref.) (late Wed.) .. (2) 2 16 0 Colonial Sugar (late Wed.) .. 43 2 6 Consolld. Brick (late Wed.) .. 0 10 10 Burns, Philp (late Wed.) .. 3 16 0 Mount Morgan (late Wed.) .. 0 17 0 Goldsbrough, Mort .. .. 118 3 South British Insurance • .. 4 14 9 Union Steam Ship Co. (pref.) 1 16 0 Westport Coal .. ... 136 Australian Glass .. .. 4 14 3 Broken Hill Pty 4 3 0' 4 2 9 Broken Hill Pty. (con.) .. 3 9 3 British Tobacco .. .. 2 10 3 Consolid. Brick .. 0 10 11 G. J. Coles (3) 4 19 0 4 18 6 Unlisted Stocks Woolworths (W.A.). Ltd. (2) 7 7 0 Wool worths, Ltd. ... .. 8 14 0 Sales Reported after Last Call Dunlop Perdriau .. 0 19 ' 4 Electrolytic Zinc (pref.) .. 2 18 6 G. J. Coles .. .. 4 19 0 Morfs Dock .. .. 0 13 2

MELBOURNE Investments and Barriers were both in strong demand In Melbourne. Gold mining was quiet, but Koroere became active again on rumours of some development.

* Determined by price of silver. DOLLAR MARKET RATES The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday, on a New Zealand currency basis. They are subject to alteration without notice:— U.S.A. Canada (Per £1 N.Z.) Dol. Dol. Selll T n r -. .- 3.&3S 3.93g O.D. .. •• 3.944 3.9U Buving— TT .; .. 3.97 i 3.97J O.D. ~ .. 3.98J 3.98E

DEALINGS COMPLETED LISTED STOCKS Sales on 'Change £ s. d.. 200 Bank of N.Z. (4). 2 1 0 100 Goldsbrough. Mort .. 1 18 0 100 United Building Society 1 0 0 200 N.Z. Refrig. (10s pd.) (2) 0 9 6 300 N.Z. Breweries 2 17 6 (2) 2 17 2 2 17 0 100 Anthony Hordern 1 0 8 600 British Tobacco (4) 2 10 6 2 10 7 125 Broken Hill Propty. (2) 4 2 9 4 . 2 6 10 Colonial Sugar (2) 43 0 0 GOO Dunlop Rubber <3> 0 19 3 0 19 4 0 19 3 200 Electro. Zinc, (orcl., cum. div.) 2 15 1 2 16 1 250 Electro. Zinc, (pref.) (2) 2 18 6 2 18 5 100 G, J. Coles (2) 4 19 0 100 Kauri Timber 1 3 0 200 Morts Dock 0 13 0 13 2 1 300 Wilcox Mofflin <3) 0 12 10 I 2b Woolworths (N.Z., ord.) 7 7 0 350 Gillespies Beach 0 1 5 200 Worksop Extended .. 0 1 9J 1030 Mount Lyell 2 3 0 <2) 2 3 1 2 3 9 (2) 2 4 0 1200 Mount Morgan 0 17 4 (2) 0 17 5 0 17 4J Sales Reported 100 Comm. Bank of Aust. 0 19 4 200 Bank of N.Z. (4) 2 1 0 50 Dalgety and Co. 11 12 6 300 Anthony Hordern 1 0 8 100 Broken Hill Propty. (contr.) 3 9 n 3 9 9 5 Colonial Sugar 43 0 0 400 Dunlop Rubber 0 19 3i 0 19 44 100 G. J. Coles (cum div.) 4 19 0 4 19 3 50 G. J. Coles (late sale Wednesday) 4 18 6 150 Wilson's Cement 1 19 0 50 Woolworths (N.Z., ord.) 7 9 G 800 Worksop Extended .. 0 1 9h 200-Broken Hill South. .. 2 8 9 UNLISTED STOCKS Sales on 'Change 75 Woolworths (Sydney. ord.) 8 12 0 8 11 6 • 8 11 0 100 Woolworths (W.A.) (2) 7 8 6 7 8 3

Other Debentures Christchureh Trams, 4J p.c. 1/8/44 —•■ 100 0 0 Christchureh City, 41 p.c, 31/3/45 — 106 0 0 North Canty. Hospital Board 44 p.c. 1/11/41 — 103 0 0 Booth. Macdonald 5 p.c. 1/6/47 71 10 0 — Banks Australasia (£5) 12 3 6 12 9 6 Com. of Aust. (cum div., 10s) 0 19 4 0 19 5 Com. of Aust.. (pref.. cum dlv., £10) 9 2 0 9 5 0 Com. of Sydney (£12 10s) .. .. — 22 0 0 E., S.. and A. (£3 pd.) 6 2 0 —' Natl, of A'asia (£5 pd.) 7 10 0 — Natl, of N.Z. (£2 10s) — 3 2 6 New South Wales (£20) 35 10 0 — New Zealand (£1) .. 2 0 9 2 1 3 New Zealand (mortgage shares, £1) — 1 8 6 Union (£5) 10 6 'o ■—

insurance £ s. d. £ s. d. I Buyers. Sellers. N.Z. (cum cliv., £1) — 3 3 ? Standard (£1) — 3 0 v | Loan and Agency Dalgety and Co. (£5) 11 13 6 11 16 0 GoJdsbrough, Mort (£ 1) 1 17 11 1 18 0 Natl, Mortgage, A (£2) 2 15 U 2 19 0 N.Z. Guar. Corpn. (3s) — 0 5 4 N.Z. Loan and Merc. (ord., £100) 40 0 0 50 0 0 PermanentInves. (£10) — 10 5 0 United Build. Society (£1) 0 19 11 1 Q 6 ' Shipping Huddart-Parker (£1) — 1 18 0 P. and O. Def. Stock (£1) — 1 18 0 Union (pref., £1) 1 5 9 "*" Frozen Meat Canterbury (£7 10s pd.) 9 0 0 — Canterbury (pref., £5) 5 17 6 — N.Z. Refrig. (£1 paid) 1 0 2 1 0 6 N.Z. Refrig. (10s paid) 0 9 5 0 9 7 North Canty. Freezing <£3 paid) — 1 19 0 Woollens Kaiapoi (7s paid) — 0 5 3 Kaiapoi (pref.. 17s) .. — 0 13 0 Manawatu (£1) — 1 18 6 Mosgiel (£4) 9 14 0 — 9 Oamaru ( £ 1) — 1 1 Coal Westport-Stockton (10s) 0 1 7 — Westport-Stoclrtoa (pf.. 10s) 0 3 3 0 3 6 Gas Auckland (£ 1) —- 1 4 0 Christchurch (£1) 1 7 6 ' Christchurch (10s pd.) — 0 14 0 Breweries Dominion <£1) 1 19 3 — New Zealand (£ 1) 2 1G 0 2 17 0 Staples (£1) •■ 1 19 0 Tooheys (16s) Tooths (£1) 1 14 2 16 6 6 2 16 11 1 Miscellaneous Beau Monde (5s) 0 17 0 0 18 6 Amalgamated Wireless 9 (con., 14s paid) .. — 2 0 Anthony Hordern (£1) 1 0 7 1 0 9 Aust. Glass (£1) •• 4 13 9 4 14 5 Aust. Iron and Steel (pref.. £1) .. 1 6 0 1 6 3 9 Bcath and Co. (£1) -• 1 2 6 1 3 Beath and Co. (Is pd.) — 0 5 6 Beath and Co. (pref., £1) 1 2 6 1 5 0 Berlci (N.Z.) (£1) .. — 3 7 6 British Tobacco (£1) 2 10 8 2 10 10 Broken Hill Pty. (£1) 4 2 :$ 4 2 6 Broken Hill Pty. (con.) 3 8 0 3 9 5 Claude Neon (N.Z.) (£1) Colonial Sugar (£20) 42 17 6 1 14 43 2 0 6 Consol. Brick (£1) •• — 0 11 0 Dental and Medical (£1) 0 10 3 — Dominion Fert. (£1) .. 1 2 9 1 4 3 Dunlop Rubber (£1) .. 0 19 2 0 19 4 Electro. Zinc (ord., cum dlv.. £1) 2 16 2 2 16 5 Electro. Zinc (pf., cum div.. £1) 2 18 4 2 18 6 General Indus. (12s 6d) 1 0 0 1 0 6 G. J. Coles (cum div.. £1) — 4 19 0 G. J. Coles (new) — 3 19 0 Howard Smith (£ 1) 1 3 6 1 3 IV Hume Pipe (Aust.) (£1) 1 0 6 1 0 8 Kauri Timber (25s) .. 1 2 10 1 3 2 Milbura Lime (£1) .. — 2 3 0 Morris, Hedstrom (£1) 1 7 6 — Morts Dock (£1) 0 13 0 0 13 2 Meggitts (£1) 1 14 9 — N.Z. Drug (£2) 3 15 0 3 15 9 N.Z. Farmers' Co-op. (1st pref.. £5) 3 10 0 — N.Z. Farmers' Co-op. (A pref.. £4) 2 4 6 — N.Z. Farmers' Co-op. (B pref., £4) 2 1 G 2 2 6 N.Z. Farmers' Co-op. (4A p.c. Stock, 1840, £100) 93 0 0 — N.Z. Farmers' Co-op. (44 p.c. Stock, 1939, £100) 93 0 0 — N.Z. Farmers" Fert. (£1) 0 ID 9 1 1 9 N.Z. Malay Rub. (£1) 0 22 6 — N.Z. Newspapers (16/8) 2 0 9 2 5 0 Procera Bread (10s) .. — 1 10 0 Quill. Morris (1936. EI) 0 13 3 — Robinson Ice Cream (£1) 1 1 . 6 — United Provisions (£1) — ' 0 11 0 Urlwins (pref., £1) .. — 1 3 3 Whitcombe and Tombs (£2 10s paid) 3 1 0 3 3 0 Wilcox. Mofflin (lis) .. 0 12 10 0 13 0 Wilson's Cement (10s) 1 18 0 — Woolworths (N.Z.) (ord.. £1) 7 5 0 7 8 - 0 Woolworths (N.Z.) (pref., £1) — 1 17 6 Woolworths (Sydney) (2nd pref., £1) 1 6 0 1 6 9 Woolworths (Victoria) (pref.. £1) — 1 10 0 Shillings. Ltd. (£1) 0 19 3 1 0 0 W. R. Carpenter (£1) 2 5 G 2 7 6 Alining Alexander (15s paid) — 0 16 0 Argo (Is) • 0 1 9k — Barrytown (£1) % .. — 1 14 0 Big River (Is) 0 1 G 0 2 0 Blackwater (£1) — 1 12 6 Gillespie's Beach (Is) 0 1 5 0 , 1 5J Golden Sands (Is) 0 2 0 0 2 9 King Solomon (Is) .. 0 0 6 0 0 11 Maerewhenua (Is) 0 0 2 0 0 4 Maori Gully (Is) .. 0 0 6 0 0 8 Mossy Creek (Is) — 0 1 3 Nemona (Is) 0 1 7-i 0 1 8i Okarito (5s) ' 0 3 6 0 4 6 Skippers (Is) Waihi Invest. (5s) — 0 0 4 0 13 0 — Waimumu Sluic. (Is) 0 0 7 0 0 11 Waitahu (5s) .— 0 2 0 Worksop Extend. (Is) 0 1 9i 0 1 10J Australian Mining Broken Hill South (£5) " ,.. 2 8 9 2 10 0 Mount Lyell (£1) 2 3 11 2 4 1 Mount Morgan (2s 6d) 0 17 4 6 17 5 Rawang Tin (10s) '.. — 0 11 3 Sulphide Corpn. (£1) Wellington Alluvials — 0 15 6 (2s paid) — 0 4 9 Mount Isa (£1) 1 3 0

Assoc. Motorists Petrol (pref.) — 1 15 0 Aust. Invest. Trust .. 0 4 7 0 C 0 Ballins Breweries (10s paid) 0 8 0 — Canty Roller Flour .. 0 5 0 0 6 0 Carbonic Ice 0 18 C 1 3 6 Macetown — 0 0 3 National Tobacco — 3 1 0 N.Z. Mining Invest. .. — 0 0 5J N.Z. Perpt. Forests 2 10 3 — N.Z. Perpt. Forests (4s paid ) 0 15 1 — E. Reece, Ltd. (pref.) 0 1 9 0 2 3 Self ridges (A'asia) (old) 1 19 0 — Self ridges (A'asia) (new) 1 19 0 — Westland Breweries (£1 paid) .. 1 10 0 — White's Electric 0 0 5 0 0 Gi Wool worths (Sydney) (ord.) 8 10 0 8 11 0 Woolworths (W.A.) .. 7 1 0 7 8 0

AUCKLAND Sales 911 'Change £ s. d. Bonds, 15/2/43-46, 4 p.c. 103 10 0 0 0 Bonds, 15/4/46-49, 4 p.c. (2) 104 1 Stock, 15/5/39-52, 34 p.c. iui ia Amalg. Brick (Wgtn.), 31/3/44, 7J_ „ 0 0 per cent. luz a Union Bank .. 10 5 South British Insurance 4 14 106 4 15 3 Goldsbrough. Mort . 1 17 8 N.Z. Loan and Mercantile 37 5 0 Pukemiro Collieries (2) 1 0 o Auckland Gas' (con.) 0 17 " u New Zealand Breweries 2 18 0 2 17 0 Anthony Hordern 1 0 6 Australian Glass 4 14 3 Broken Hill Proprietary 4-2 4 2 3 6 > Bycroft, Ltd. .. ' 4 2 2 0 9 6 Colonial Sugar 43 2 6 Dunlop Perdriau (2) 0 19 i G. J. Coles 4 18 9 Henry Jones 2 7 9 Morts Dock 0 13 0 Woolworths (N.Z.) 7 12 6 Hume Pipe 1 0 6 Waitahu 0 1 6 Mount Lyell .. (2) 2 3 2 3 0 3 Mount Morgan 0 17 0 (2) 0 17 4 0 17 2 Unlisted Stocks Selfridge's (old issue) 2 0 6 Woolworths (Sydney) 8 15 0, Woolworths (W.A.) .. 7 10 0 DUNEDIN Sales on 'Change £ S. d. Bank of New Zealand (2) 2 1 0 9 Goldsbrough, Mort 1 17 N.Z. Loan and Merc, (ord.) 41 10 0 Westport Coal 1 3 1 Colonial Sugar 43 7 6 G. J. Coles (cum div.) (2) 4 18 4 19 6 6 Hume Pipe 1 0 9 Wilson's Cement 1 19 6 Carlton Breweries 3 S 3 Electro. Zinc (ord., cum div.) 2 15 0 Mount Morgan (4) (2) 0 17 0 17 4 4 Rhodesian Secur. Trust 1 15 0 Unlisted Stocks Woolworths (Sydney) 8 15 0 8 14 0

SYDNEY On the Sydney Stock Exchan ige y esterday Mount Lyells went to a higher level. Barriers were exceptionally strong, ana Electrolytic Zincs made further headway. There was again heavy buying of industrials on a firmer basis. Morning Sales £ s. d. < Commonwealth Bonds — 33 per cent., 1949 .. 97 1 3 4 per cent., 1950 102 0 0 4 per cent., 1953 102 2 6 4 per cent., 1955 100 5 0 4 per cent., 1957 .. 100 7 6 4 per cent., 1959 100 12 6 Commercial Bank of Sydney .. 22 3 0 Anthony Hordern 110 Associated Newspapers 1 3 10| British Tobacco 2 11 3 General Industries 1 0 3 G. J. Coles 5 0 0 Howard Smith 1 3 101 Lustre Hosiery 13 6 Morris, Hedstrom 18 3 R. Fowler ... 0 13 6 Afternoon Sales Commercial Bank of Sydney ., , 22 10 National Bank (£5 paid) 7 10 0 Union Bank . 10 8 0 Australian General Insurance .. 0 17 6 Associated Newspapers .14 0 Burns. Philp 3 16 6 British Tobacco 2 11 6 Tooheys .. . • ,. 115 3 G. J. Coles 4 19 6 Australian Glass . 4 15 0 Dunlop Perdriau . 0 19 41 Dalgetys • .. ... . 11 17 6 Wilcox, Mofflin . 0 13 2 Henry Jones . 2 8 0 Electrolytic Zinc 2 17 3 Electrolytic Zinc (pref.) 2 19 0 Farmers .. • • , 1 15 9 Anthony Hordern 1 0 101 General Industries .. 1 0 6 James Stedman . 0 17 6 Gordon and Gotch . 2 14 9 Gibson and Howes 18 6 Peter's Ice 2 7 0 Victoria Nyanza Sugar . 0 16 9 Wunderlich . 1 4 101 Wool worths (ord.K seller . 8 15 0 Woolworths (N.Z.). seller . 7 16 0 Self ridges .. . • • 2 0 6 Mount Morgan . 0 17 41 Mount Lyell 2 4 6 Mount Lyell (N.Z. delivery) . 2 4 9 Kuala Kampar Tin 12 6 Rawang Tin 0 11 3 Placer Development 5 3 0

Sales:— E s. d Commercial Bank - of Australia 0 19 8 National Bank (£5 paid) 7 15 0 Howard Smith 1 3 11 British Tobacco 2 11 0 Carlton Brewery 3 5 G G. J. Coles .. • • 4 19 0 Drug Houses .. •• 1 7 3 Dunlop Perdriau 0 19 9 Dunlop Perdriau <pref.) 1 14 9 Goldsbrough. Mort .. .;. 1 18 6 Electrolytic Zinc .. 2 17 ■6 Electrolytic Zinc (pref.) 2 19 6 Victoria Nyanza Sugar 0-16 6 Mount Morgan 0 17 S Mount Lyell .. •• 2 4 9 Broken Hill Proprietary 4 3 3 North Broken Hill 4 1 0 South Broken Hill 2 10 0 Zinc Corporation 7 12 0 Emperor Gold 0 19 3 General Motors .. ? • 1 3 8 Kauri Timber 1 3 3 Sulphide Corporation 0 15 9 Koroerc .. •"> 0 6 0 FOREIGN EXCHANGES

' (BRITISH orricui. wiRet.Ess.) RUGBY, January. 13. Par. Jan. 12. Jan. 13. Paris, ir. to £1 124.21 105 9-64 105 9-64 New York, dol. to £1 4.866 4.91 5-16 4.91 3-16 Montreal. dol. to £1 4.866 4.914 4.91J Brussels, belgas to £1 35 29.12J 29.Ui Geneva fr. to £1 25.2215 21.39 21.39 Amsterdam. fl. to £1 12.107 8.971 8.97 Milan, lire to £1 92.46 93 5-16 93 9-32 Berlin, reiehmarken to £1 29.43 12.21 12.22 Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm. kr. to £1 18.159 13.391 13.391 Oslo. kr. to £1 18.159 19.50 . 19.50 Vienna, schgs. to £1 34.585 26i 26i Prague. kr. to £1 164.25 140i 140i Helsingfors, marks to £ 1 193.23 2i.63 2262 Madrid pesetas to £i 25.2215 — — Lisbon, escudos to £ 1 110 110 3-16 110 3-16 Athens, drach to £1 375 547 J 547 J Bucharest, lei to £ 1 483.G 670 670 Belgrade. dinars 25.2215 213' 213 Rio de Janeiro. pence to milreis 4.899 41 4] Buenos Aires, pence to dol. 51 — ■ — Montevideo. pence to dol. • 39J 395 Bombay, pence to rupee 19 18 5-32 18 5-32 Shanghai. pence to dol. * 142 14J Hong Kong, pence to yen • 14 15-16 14 15-16 Yokohama, pence to yen * 14 14 Baiavia guilders 12.107 r.93j 8.934 Warsaw, par zlolys to £1 43.36 — —