THE STOCK EXCHANGES

Press, Volume LXXIII, Issue 22072, 21 April 1937, Page 11

THE STOCK EXCHANGES

AUSTRALIAN INDUSTRIALS ACTIVE BASE METALS AGAIN CHEAPER Turnover on the Christchurch. Stock Exchange yesterday was moderate, with the bulk of the dealings in leading Australian industrials. Price movements were irregular, and several base metals issues were cheaper.

DEALINGS COMPLETED LISTED STOCKS Sales on ’Change £ s. d.

UNLISTED STOCKS Sale on ’Change 100 Andersons, Ltd. (pf.) 019 0 Sale Reported 500 New River .. 0 0 7£ Government New Zealand Government, 4 per' cent, stock, due 1949, changed hands at £lOl 15s, and further buyers at £lOl 12s 6d failed to attract sellers. Union Banks had business at £ll 7s, and more were offered at £ll Bs. Dalgety and Company had business at £lO 18s, and more were wanted at £lO 18s 6d, sellers at £ll. An odd parcel of Canterbury Frozen Meat changed hands at £9 7s 6d, and late offers of £9 2s 6d tailed to attract sellers. New Zealand Refrigerating, 10s paid, were fractionally weaker, with buyers and business at 8s lOd, sellers at 9s. Kaiapoi Woollens, 17s paid, remained unaltered with sellers and dealings at 14s 4d, buyers at 14s 3d. Tooth’s Brewery were firmer on buyers’ offers 56s 6d. Miscellaneous Australian Glass declined to 91s, sellers staying in at that figure, buyers at 90s 9d. British Tobacco were weaker, with sellers at 50s 4d. Broken Hill Proprietary eased to 81s 6d, and more were offered at that price, buyers at 81s 3d. Colonial Sugar wene steady, with buyers and business at £44 17s 6d. Dunlop Rubber showed an easing tendency, with sellers and dealings at 20s lOd. Electrolytic Zinc, ordinary, dropped back to 57s 6d and 56s 6d. market closing 56s 3d buyers, 56s 6d sellers—sellers of the preference reduced their limits to 57s 9d. General Industries were weaker at 20s Id. Kauri Timber were firm at 23s 9d. Taranaki Oilfields were fractionally weaker, with dealings at 4s and 4s 2d, and these were buyers’ and sellers’ closing quotations respectively. Wilcox Mofflin were firmer on buyers' offers 13s lid. ' Mining Waimumu Sluicing were a shade easier at lid. Mount Lyells ranged from 44s 9d to 45s lOd, market closing 45s 5d buyers, 45s 6d sellers.- 1 Mount Morgans dropped to 16s 6d and 16s 3d, and there were further sellers at the lower price. Rawang Tin were firm at 11s lOd, but closed easier, with sellers at 11s 9d, buyers at 11s 6d. Unlisted Stocks Andersons, Ltd., first preference, changed hands at 19s. New River were a shade stronger, with buyers and business at 7id. LATEST QUOTATIONS’

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. £ s. d.

AUCKLAND Sales oh ’Change £ S. d.

SYDNEY An improvement in metal share values occurred on the Sydney Stock Exchange yesterday. Several orders for Electrolytic Zincs came from New Zealand, and there was also a demand for Australian Glass shares. Bank, gas, brewery, and leading department stores shares were strong. • ■ . Morning Sales

CANTERBURY MARKETS

POTATO PRICES HARDEN . (bt ottb commebciax. editor.) Tuesday Evening. The grain and produce markets continue quiet, but with fair business in wheat and potatoes. Wheat for feed purposes is in excellent demand, and the release of milling grade for fowl feeding has apparently made little difference to tho trade. Milling wneat continues to be delivered, and is being taken steadily by the mills. It now appears that exports of potatoes are to be made to South America soon, and the price has in consequence hardened. May-June potatoes are worth up to £4 10s a ton, and prompts about £4. There is an excellent demand for barley for fowl feeding, and the price is about 4s 6d on trucks. Chaff .remains firm. Cutting is less than usual because oats offer better returns to the farmer, and also, there appears to be little of good bright quality about. The small seeds market is dull. Offerings of Akaroa cocksfoot are still heavy, but merchants show small disposition to buy even at the low prices farmers are willing, to, accept. Other lines remain firm at unchanged prices. Quotations The following are the prices quoted to farmers, on trucks, at country sidings, unless otherwise indicated;— Wheat—Milling, April, f.0.b., Tuscan 5s Id, Hunters 5s 3d, Pearl 5s sd. Fowl wheat, prompt, to 5s Id f.o.b. Oats—A Cartons, to 3s; B Cartons. 2s lOd; Algerians, to 2s 9d; Duns, 2s lOd to 3s. Ryegrass—Perennial, 2s 6d to 3s; Italian, 2s 6d to 2s 9d, Cocksfoot—Plains, 7d to 8d; Akaroa. 5d to 9d per lb. ■ Cowgrass—6d per Jb. White Clover—7d to 9d per lb. Chaff—To £3 15s a ton. Earley—Feed 6a a bushel. Partridge Peas—4s 9d to 5s a bushel. Potatoes—Prompt, £4. May-June £4 5s to- £4 10s a ton. Onions—£s 5s a ton. Bran—Large £4 15s, small £5 ss. Pollard—Large £6 5s a ton, small £6 15s. AUCKLAND [THE PRESS Special Service.] AUCKLAND, April 20. The chief features of the local grain and produce markets since, the last report have been a. firming in chaff, and an increasing interest in southern potatoes. At present there are three chief sources of potato supply to this market. The cheapest come from Pukekohe and, being freely offered, command £6 10s a ton through stores. For some time Manawatu potatoes have had marked preference on the score of quality, but these are now being displaced by South Island importations, which are quoted at £7 15s, Stocks of Manawatu still on hand command £8 ss. Onions from Pukekohe sell steadily, but not briskly, at 10s per cwt. Pollard in Australia has been firmly held in recent weeks, and local dealers are charging from £9 5s to £9' 10s. according, to quantities. Even at this high price a brisk demand is reported. Local mills have .limited supplies at much lower rates. Bran is steady at £6 15s 9d a ton. Fowl prices are unchanged, and Australian is selling at about 7s 3d a bushel. The maize market continues firm, with imported lines commanding from 7s" 2d to 7s 3d a bushel, B Carton oats are still selling at 4s lid a bushel, but chaff has firmed and merchants are now asking £lO a ton. LONDON PRODUCE ' MARKETS HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following cablegram, dated April 17, from the High Commissioner for New Zealand, London:— Tallow—Poor demand at auction; 381 casks offered, 101 sold. Present spot quotations are:—Mutton: Fine 30s, fair to good 26s 6d to 28s, dark to dull 25s to 25s 6d. Beef: Sweet ahd/or mixed 295, fair to good 26s to 27s 6d, dark to dull 24s to 255. Mixed: Fair to good 26s to 27s 6d, dark to dull 24s to 255. Gut, etc., 23s to 255. . Hemp—Manila, sisal: Market continues firm at last rates quoted. Output January 1 to April 12,450,000 bales. Stocks in United Kingdom at April 12, 9179 bales. Stocks in Manila at April 12, 162,000 bales, against 221,000 at the same time last year. New. Zealand: Supplies very restricted. Small business has been' done April-June shipments fair £27, common £25 15s. Stocks in London oh April 1, 146 tons, against 129 tons at the same time last year. . Apples—Rotorua discharging fruit in good condition; markets are easier following heavier arrivals. English Cox’s still offering. Current prices are: Cox’s Orange, 13s to 16s; Jonathans, 12s to 14s; Worcester Pearmain, 10s to 12s; Dunn’s Favourite, ‘9s to 10s; Lord Wolseley, Alfriston, 9s.

MELBOURNE Investments remained quiet and fairly , steady on the Melbourne sharemarket. Barriers and Mount Lyells were somewhat erratic, but closed on a firmer tone on the expectation of a gradual improvement in overseas conditions: Sales:—

£250 N.Z. Govt., 4 p.c. Ins., 1946-49 .. 10* 15 0 10'Dalgety and Co. . . 10 IB 0 100 N.Z. Refrig. (10s pd.) 0 8 10 300 Kaiapoi Woollens (17s , paid) -. W) V) ft 50 Aust. Glass 4 11 0 100 Broken Hill Proply'. 4 1 6 200 Dunlop Rubber (2) 1 0 10 100 General Industries .. 1 0 1 100 Electro. Zinc, (ord.) 2 17 2 10 6 6 200 Taranaki Oilfields C2) 0 4 0 500 Waimumu Sluicing .. 0 0 11 350 Mount Lyell (2) 2 2 5 5 u 3 2 5 6 2 5 5 300 Mount Morgan 0 16 6 (2) 0 16 3 100 Rawang Tin (2) 0 11 10 Sales Reported 25 Union Bank of Aust. 11 7 0 67 Canty. Frozen Meat (odd parcel) 9 7 6 5 Colonial Sugar 44 17 6 100 Kauri Timber 1 3 9 100 Taranaki Oilfields • • 0 4 2 600 Mount Lyell 2 2 5 5 3 o (3) 2 4 9 2 5 10

Buyers Sellers. £ s. d. £ 5. a. N.Z. Govt. Debentures 3i p.c. Ins.. 15/3/39-43 100 2 6 — 3J p.c. Ins., 1939-52 .. 101 10 0 — 4 p.c. Ins., 1943-46 .. 102 15 0 — 4 p.c. Ins., 1946-40 101 12 6 4 p.c. Ins., 1952-55 .. 103 10 0 —- 4 p.c. Bonds, 1946 103 0 0 4 p.c. Bonds, 1949 101 15 0 — 4 p.c. Bonds, 1955 .. 103 17 6 Rural Bonds, '5 p.c.. 15/9/47 100 0 0 3i p.c. Ins., 15/1/53-57 98 0 0 — Banks Australasia (£5) 12 IS 0 13 0 0 Comm, of Aust. (10s) 0 19 6 0 19 7 Comm, of Aust. (pref„ (£10) 9 6 0 •9 8 6 E., S., and A. (cum div., £3 paid) 6 10 6 6 12 6 Natl, of A’asia (£5 paid, ’ cum div.,' £5) 7 15 0 7 17 0 Natl, of N.Z. (£2 10s) 3 3 0 3 6 6 N.S.W. (£20) 37 12 6 37 17 6 New Zealand (£1) .. 2 5 0 2 5 2 Union (£5) 11 5 6 11 8 0 ’ Insurance Mercantile Mutual (16s paid) .. ; — 1 11 0 New Zealand (£l) 3 0 10 — Queensland (£1) — , 3 2 0 Standard (£1) 2 16 0 — v Loan and Agency Ch.Ch. Build. Society (£10) .. — 14 15 0 Goldsbrough, Mort (£1) 1 16 11 1 17 2 Dalgety and Co. (£5) 10 18 6 11 0 0 N.Z. Guar. Corpn. (3s) 0 4 9 ,0 5 0 N.Z. Loan and Merc. (ord., £100) . — 50 15 0 United Build. Soc. (£1) — 1 0 6 Wright, Stephenson (£1) ■■ •• 0 19 6 Wrisht. Stephenson , (pref., £1) 0 19 9 1 0 3 ' r Shipping Huddart Parker (£1) — 2 0 0 P. and O. Def. Stock (£1). — 2 7 0 Union'(pref., £1) . .. 1 6 4 — Frozen Meat Cantby. (£7 10s paid) 9 2 6 — Cantby. (pf., £5) 6 8 0 6 15 0 N.Z. Refrig. (£1 pd.) .. 0 19 3 0 19 7 N.Z. Refrig. (10s pd.) 0 8 10 0 9 0 Woollens - Kaiapoi (17s paid) .. 0 14 3 0 14 4 Kaiapoi (7s paid) —! 0 5 6 Kiwi (pref., 17s)* — 0 17 9 Manawatu (£1) — 1 16 0 Mosglel (cum div., £4) 10 0 0 — Wellington (pf., £5) .. — 6 0 0 Coal Westport (10s) — 1 3 9 Stockton (10s) 0 2 1 — Stockton (pref., 10s) .. 0 3 4 — ■; , Gas Auckland (£1) — 1 2 3 Auckland (con.) 0 14 9 — Christchurch (£1) — 1 10 0 Timaru (£1) 0 16 0 0 18 11 ' Breweries Dominion (£1) . 2 0 0 2 2 0 New Zealand (£1) 2 19 3 2 19 8 Staples (£1) .. — 1 15 .6 Tooths (£1) .. 2 16 6 2 16 11 Miscellaneous Amalg. Wireless (£1) — 3 0 0 Anthony Hordern (£l) 0 19 6 1 0 0 Aust. Glass (£1)' 4 10 9 4 11 0 Beath and Co. ■ (£1). 1 1 0 1 3 6 Beath and Co. (Is paid) — 0 3 0 Beath and Co. (pf., £1} 1 2 6 X 5 0

Buyers. Sellers. £. s. d. £ s. i. Booth, Macdonald (pf.. £1) .— 0 3 3 British Tobacco (£1) 2 9 3 2 10 4 Broken Hill Pty. (£1) 4 1 3 4 1 6 Broken Hill Pty. (con.) 3 15 0 Colonial Sugar (£20) ... 44 17 6 45 0 0 Consolid. Brick (£1) .. 0 8 1 0 9 0 Dominion Pert. (£1) •• 1 4 0 Dunlop Rubber (£1) 1 0 9 1 0 10 Electro. Zinc Cord., £1) 2 16 3 2 16 6 Electro. Zinc. (pf„ £X) 2 17 2 2 17 9 Evans Atlas Flour (10s) — 1 0 0 General Indust. (12/6) 1 0 0 1 0 3 G. J. Coles (£1) 5 3 0 5 4 3 Greater Crystal Palace 13 (£1) 0 6 6 0 6 Howard Smith (£1) .. 1 2 11 1 13 G Hume Pipe (Aust.) 0 (£1) 1 0 0 1 2 Kauri Timber (25s) .. 1 3 8 •I 4 0 Lustre Hosiery (£1) .. 1 1 6 1 2 8 Morts Dock (£1) — 0 13 8 Permewan Wright (ex dlv., £1) 1 8 0 — National Electric (£1) 0 13 3 — 6 N.Z. Drug. (£1) — 3 15 N.Z. Farmers’ Co-op. 0 (£2 10s paid) N.Z. Farmers’ Co-op. — 1 0 (1Os paid) — , 0 0 6 N.Z. Farmers' Co-op. (1st pref., £5) 3 4 0 — N.Z. Farmers’ Co-op. (A pref.. £4) N.Z. Farmers’ Co-op. 2 1 0 — . (4J p.c. Stock. 1940, 91 10 £100) •• • - 0 — N.Z. Farmers’ Co-op. (4J p.c. Stock, 1944, 93 £100) — 0 0 N.Z. Farmers' Co-op. (41 p.c. Stock, 1945, £100) 91 10 0 —— N.Z. Farmers’ Co-op. (4J p.c. Stock, 1939, 92 £100) 0 0 — N.Z. Farmers’ Fertiliser (£ 1) 1 0 0 — Quill, Morris (1936) (£1) 0 16 0 0 18 6 T. J. Richards (£1) .. — 2 5 0 Taranaki Oilfields (24/7) 0 4 0 0 4 2 Taupo Totara Timber 9 <10s) 0 8 0 9 10 United Provisions (£1) — 0 11 0 Victoria Nyanza (£1) — 0 19 0 Whitcombe. and Tombs 0 6 (£2 10s paid) 3 — Wilcox, Mofflin (11s) .. own 0 14 0 Wilson’s Cement (£1) — 1 15 0 Woolworths (N.Z.) 16 8 (ord., £D 7 0 0 0 Woolworths (N.Z.) 17 19 (pref., £1) 1 0 1 0 Woolworths (Sydney) « 18 (1st pref., £1) 1 0 — Woolworths (Sydney) 6 9 (2nd pref., £1) 1 —— Woolworths (Victoria) 6 8 (pref., £1) 1 0 1 0 Waldas Shoes <£1) . ■ — 1 1 7 Shillings. Ltd. (£1) .. 0 16 4 0 17 6 Mining Alexander (15s paid) 0 13 1 0 14 11 Argo (Is) 0 X 11 0 2 O Barrytown (£1) 1 12 0 — Big River (Is) 0 1 7 0 1 114 Gillespie's Beach (Is) — 0 1 8 Golden Sands (ex div.. • Is) 0 1 10 0 2 0 Maerewhenua (Is) .. 0 0 n Maori Gully (Is) 0 0 6 Martha (5s) 0 19 4 Oi Mossy Creek (Is) 0 0 10i 0 X Nemona (Is) 0 1 Vi Nokomal (5s) 0 2 4 Okarito (cum div., 5s) n 0 3 7 Skippers (Is) 0 0 0 0 3 Waimumu Slulc. (Is) 0 U 114 Waitahu (5s) — 0 Z u Worksop Extend. (Is) 0 1 0 0 1 Vi Australian Mining Broken Hill South (5s) 2 5 9 2 7 6 Mount Lyell (£1) .. 2 5 5 2 5 6 Mount Morgan (2/6). «. . 0 16 2 0 lb 3 North Broken Hill (Ss) 6 3 14 0 Rawang Tin (10s) .. 0 11 0 11 9 Sulphide Corpn. (£1) U 10 0 Upper Watut (5s) u 1 6 Wellington Alluvlals 9 (2s) •• 0 6

A.P.A. Anderson®, Ltd. (p£.) 0 10 0 0 19 0 Arahura ' .. • • 0 14 0 -0 15 Assoc. Motorists Pet10 8 10 9 rol (pref.) 1 1 Alloy Steel (Aust.) .. — Alloy Steel (new) .. — X Ball ins Breweries (15s paid) Grey River (2/6 pd.) 0 0 10 3 0 0 0 0 11 3 0 3 National Tobacco . .. — 7i 3 New River 0 0 N.Z. Mining Invest. .. — 0 0 N.Z. Perpet. Forests 12 (4s paid) -. . . ... 0 0 — Selfridges (A/asia.) (old* •• , •• 1 15 0 i 18 11 Selfridges (A/asia.) (new) -• . 1 14 0 i 16 9 Selfridges (N.Z.), (4s paid) • ' '• Self ridges (N.Z.) (£1 0 3 9 0 6 0 paid) ■ • •• Wool worths (Sydney) (ord.) Woolworths (W.A.) ... 7 6 0 7 7 10 0 0 0 Wool worths (Sydney) 9 (rights) ••

Govt. Bonds. 1943-46, 4 p.c. 102 15 0 E., S., and A. Bank. .. • • 12 0 Bank of New Zealand > 2 5 0 N.Z. Insurance •• 3 9 Auckland Gas X Rotoitl Timber (3) 0 Dominion Breweries 2 1 0 Dominion Breweries (new issue)' : i 19 Electrolytic Zinc (pref.) 2 10 9 N.Z. Farmers’ Fert. 1 l Taranaki Oil • • 0 4 5 0 4 4 Mount Lyell (2) 2 5 6 2 5 3 Placer Development 4 18 6 Unofficial List Woolworths (Sydney) •• 7 7 6 WELLINGTON Sales on ’Change £ s. d. Bank of Australasia (late Mon.) 12 17 6 Union Bank ' .. 11 7 0 E;, S., and A. Bank .. 6 12 0 Bank of Australasia .. 12 17 6 Wellington Woollen (ord.) * . 5 12 0’ N.Z. Breweries * 2 19 3 Dunlop Perdriau .. 1 0 10 Mount Lyell ,, 2 5 3 Broken Hill Prop. ■ .. .. 4 2 3 Unofficial List Woolworths, Ltd. (odd lot) 7 9 0 DUNEDIN Sales on ’Change £ s. d. Union Bank ., 11 7 0 Electrolytic Zinc (ord.) 2 17 3 Mount Lyell (4) 2 5 3 Mount Morgan (2) 0 16 7 North Broken Hill 3 10 0

£ S. d. Comm. Bank of Sydney 22 19 0 Tooth’s Brewery 2 17 3 Associated Newspapers (pref.) 1 3 Vi Australian Iron and Steel (Pf.) 1 6 10J Broken Hill Prop, (con.) 3 15 3 Electrolytic Zinc N.Z. 2 17 0 Electrolytic Zinc (pref., delivery) 2 18 6 2 18 3 • General Industries 1 0 6 British Tobacco 2 11 0 Henry Jones 2 6 6 James Stedman .. ' •• 0 17 0

Afternoon Sales Bank of New South Wales .. 38 5 0 Comm. Bank of Sydney 22 17 0 E., S., and A. Bank .. 6 11 0 Colonial Sugar .. 45 5 0 Associated Newspapers 1 3 9 Associated'Newspapers (pref.) 1 3 6 Huddart Parker 1 19 9 Burns Philp >. 3 15 0 Australian Gas A 7 4 6 Tooths 2 17 6 Carlton Brewery 3 . 2 0 Queensland Brewery 1 6 n G. J. Coles * .. 5 6 6 Australian Glass 4 12 3 Australian Glass (N.Z. dellv.) .. >4 12 3 4 12 6 Goldsbrough, Mort 1 17 3 Henry Jones 2 6 6 Electrolytic Zinc . (N.Z. deliv.) 2 18 3 2 17 6 2 17 9 2 17 9 Electrolytic Zinc (p#ef.) 2 19 6 Electrolytic Zinc . (pref . N.Z. delivery) 2 19 6 David Jones • 2 3 6 Anthony Hordern 1 0 1» Farmers .. 1 14 9 Cash Orders 1 1 9 Sargents 1 1 12 9 Gordon Gotch .. 2 12 6 Woolworths 7 10 6 7 10 0 Woolworths (N.Z.) 8 2 6 Mount Morgan 0 16 3 Mount Lyell 2 7 3 Rawang .0 11 10 Larut 1 0 6 Emperor 0 18 0 Taranaki Oil 0 4 4

£ s. d. National Bank (£5 paid) .. 7 18 0 British Tobacco .. 2 10 6 Carlton Brewery .. .. 3 It 9 G. J. Coles , .. 5 7 0 Dunlop Perdriau .. 1 1 4 Dunlop Perdriau (pref.) 1 15 0 Goldsbrough, Mort .. 1 17 3 Electrolytic Zinc ... .. 2 18 9 Electrolytic Zinc (pref.) .. 2 19 9 Victoria Nyanza .. 0 18 6 Mount Morgan .. 0 16 4 Mount Lyell , -. 2 6 9 Broken Hill Prop. .. ..4 3 6 North Broken Hill .. .. 3 12 0 South Broken Hill ..’■■■ 2 7 9 Zinc Corporation ... .. 7 0 0 General Motors .. 1 4 0 Yarra Falls .. 2 2 0 Satupolu - a