THE STOCK EXCHANGES

Press, Volume LXXIII, Issue 22073, 22 April 1937, Page 11

THE STOCK EXCHANGES

BANK SHARES ACTIVE MARKETS MORE LIVELY Markets were more lively on the Christchurch Stock Exchange yesterday and turnover increased considerably. There was a big turnover in banks, but industrials were also traded actively. Prices were on the whole inclined to firm.

DEALINGS COMPLETED LISTED STOCKS Sales en 'Change

Banking Bank of Australasia changed hands at £l2 16s and £l2 17s. Commercial Bank of Australia had dealings at 19s 8d and 19s 7d, and more were offered at the lower price. Commercial Bank of Sydney had business at £22 7s 6d, market closing 2s 6d either way. E. S., and A. Bank, cum dividend, had dealings at £6 10s and £6 12s. National Bank of Australasia. £5 paid, were firmer at £7 17s, closing quotations Gd on either side. Bank of New South Wales showed an easing tendency with dealings at £37 10s and £37 7s 0d and further sellers at the lower price. Bank of New Zealand were fractionally weaker with sellers and dealings at 455. Mercantile Mutual Insurance had business at 30s 6d. South British Insurance, cum dividend, were fractionally weaker at 94s 4d. Dalgety and Company were firmer with buyers and dealings at £ll. Goldsbrough Morts recovered to 37s 3d. New Zealand Loan and Mercantile Ordinary stock remained unaltered at £SO 15s, but closed easeir with sellers at £SO 10s New Zealand Refrigerating fully paid were firm at 19s 6d and the 10s paid at 8s lOd. Dominion Breweries were firmer on buyers' offers. 41s 3d. Buyers of Tooth's Brewery raised their bidß to 575. Miscellaneous Anthony Hordern dropped to 19s 8d market closing Id either way. Broken Hill Proprietary recovered to 82s 6d and 82s. Colonial Sugar were firmer at £45. Dunlop Rubber appeared stronger with dealings at 20s lOd and 20s lid. Electrolytic Zinc were firmer with dealings in the ordinary at 58s and 57s 6d and in the preference at 59s 3d. G. J. Coles moved up to £5 4s 9d and closed' firmer with buyers at £5 ss. Hume Pipe were firm at 20s to 20s -2d. Shillings, Limited, were fractionally weaker with buyers and business at 16s 4d. Mining Mount Lyell ranged from 46s 2d tc 453. buyers staying in at the lowest price, sellers at 45s 2d. Mount Morgan* declined from 16s 3d to 15s Bd, and more were offered at the lowest price, buyers at 15s 7d. Unlisted Stocks New River remained unaltered at 7£d. Woolworths, Ltd., were weaker at £7 8s and £7 6s market closing £7 buyers, £7 7s sellers. 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.

AUCKLAND

WELLINGTON

SYDNEY A renewed easing in metal share values Was the main features of operations on the Sydney Stock Exchange yesterday. Industrial issues were steady to- firm. Government loans showed a hardening tend"

LONDON QUOTATIONS

MINING COMPANY REPORTS AND RETURNS RIMU DREDGE The Rimu dredge "turn is 267.4 crude ounces of gold for 132 hours and 47,720 yards treated. PLACER DEVELOPMENT Placer Development, Ltd., reports that Greenshields and Company, Montreal, have exercised their option on the 20,000 shares placed under offer to them' in February, at 20 dollars a share net. The issued shares of the company now tptal 730,000 of one dollar each. NEW BROKEN HILL An important development at depth on the Barrier South leases at Broken Hill, New, South Wales, owned by New Broken Hill Consolidated, Ltd., is reported by the genera! managers, the Zinc Corporation, Ltd.. Diamond drill hole No. 8, being drilled from the 1330 ft level at an angle of 80 degrees, entered calcitic lead ore at a depth of 1257 ft. At 1301 ft 4ln the drill was still in ore. From 1257 ft to 1299Jft, that is, a true width of I2£ft, the average assay was 13.4 per cent, lead, 2.60 z silver, and 7.8 per cent. zinc. Bewick, Moreing and Company, engineers, report that this appears to. be the top of the broad section of the lead lode, and if this is proved to be correct the broad lead lode has been encountered at a vertical depth 400 ft shallower. Ihan expected. THE METALS MARKET

£ s. d. 50 Bank of Australasia 12 16 0 200 Comm. Bank of Aust. (2) 0 19 7 5 Comm. Bank of Sydney 22 7 6 5 Bank of N.S.W. 37 7 6 32 E., S.. and A. Bank (cum div.) (odd parcel) 6 10 0 25 Natl. Bank of A/asia. (£5 pd.. cum div.) .. 7 17 0 150 Bank of N.Z. (cum div.) (3) 2 5 0 22 Dalgety and Co. (2) 11 0 0 100 Goldsbrough Mort. .. 1 17 3 £400 N.Z. Loan and Merc. (ord.) 50 15 0 200 N.Z. Refrig. (£1 pd.) (2) 0 19 6» 200 N.Z. Refrig. (10s pd.) (2) 0 8 10 300 Anthony Hordern (3) 0 19 8 150 Broken Hill Pty. (2) 4 2 4 2 6 o 10 Colonial Sugar (2) 45 0 0 400 Dunjpp Rubber 1 0 11 (2) 1 0 10 1 0 11 150 Electro. Zinc, (ord.) (2) 2 18 0 2 17 6 150 Electro. Zinc, (pf.) (2) 2 19 3 25 G. J. Coles 5 4 9 300 Hume Pipe (Aust.) • .. 1 0 0 1 0 1 1 0 2 1200 Mount Lyell (2) 2 6 2 2 6 0 (5) 2 5 6 2 5 3 (5) 2 5 2 (2) 2 5 1 2 5 0 1500 Mount Morgan (5) 0 16 3 0 15 10 (6) 0 15 8 Sales -Reported 50 Bank of Australasia .. 12 17 0 100 E., S.. and A. Bank (cum div.) 6 12 0 200 Comm. Bank ol Aust. 0 19 8 0 19 1 10 Bank of N.S.W. 37 10 0 100 Mercantile Mutual 1 10 6 300 South British (cum div.) 4 14 4 UNLISTED STOCKS Sales on 'Change 1500 New River (2) 0 0 7J 15 Woolworths (Syd., ord.) 7 6 0 Sales Reported 25 Woolworths (Syd., ord.) 7 6 0

Buyers. Sellers. £ s. i a. i £ 3. c 1. N.Z. Govt. Debentures 31 p.c. Ins., 15/3/39-43 101 7 6 — 31 p.c. Ins., 15/9/39-43 101 5 0 — 34 p.c. Ins., 1938-52 .. 101 12 6 — 31 p.c. Ins., 1939-52 .. 101 17 6 — 33 p.C. Ins., 1941 . 101 0 0 ■—" 4 p.C. Ins., 1943-46 ., 102 15 0 — 4 p.c. Ins., 1946-49 102 0 0 — 4 p.c. Ins., 1952-55 103 17 6 — 4 p.c. Bonds. 1946 103 0 0 — 4 p.c. Bonds, 1949 102 0 0 — 4 p.c. Bonds, 1955 104 0 0 —- 31 p.c. Ins., 15/1/53-57 98 10 0 •— Other Debentures New Brighton, 4$ p.c. 1/10/50 —— 103 5 0 Quill, Morris, 4 p.c. 1946 .. .. 80 0 0 — Banks Adelaide (cum div., £5) 6 12 0 7 2 6 Australasia (£5) 12 15 0 12 17 6 Comm. of Aust. (10s) 0 19 6 0 19 7 Comm. of Aust. (pref.. £10) .. 9 6 0 9 9 0 Comm. of Sydney (£12 10s) 22 5 0 22 10 0 E., S., and A. v(cura div., £3. paid) _ 6 12 0 Natl, of A'asia. (£10 paid, oum div.) 15 11 0 16 5 0 Natl, of A'asia. (£5 paid, cum div.) 1 16 6 7 17 6 New South Wales (£20) 37 7 6 New Zealand (£1) 2 4 9 2 5 0 N.Z. (Mqrt. shares, £1) 1 7 6 Union (£5) 11 6 6 11 9 0 Insurance Mercantile Mutual (16s paid) 1 10 6 South British (cum div., £1) .. .. 4 13 3 4 15 9 Standard (£1) 2 17 0 2 18 6 Loan and Agency Dalgety and Co. (£5) 11 0 0 11 1 0 Goldsbrough, Mort (£1) 1 17 0 1 17 2 Natl. Mortgage A (£2) — 2 15 0 N.Z. Guar. Corpn. (3s) 0 4 10 0 5 1 N.Z. Loan and Merc. (ord., £100) 45 0 0 50 10 0 United Build. Society (£1) .. 0 19 9 Wrieht, Stephenson (pref., £1) .. 0 19 10 1 0 0 Shipping Huddart Parker (£1) 2 0 0 P. and O. Def. Stock (£1) — 2 7 0 Union (pref- £1) — *• 1 s fi S-f

Frozen Meat Buyers. Sellers. £ s. < t. £ s. d. | Cantby. (£7 10s paid) 9 5 0 —. Cantby. (pref., £5) .. 6 8 0 — N.Z. Eefrig. (£1 paid) 0 19 5 0 19 8 N.Z. Refrig. (10s paid) — 0 8 11 North Cantby. Freezing »(£3 paid) 1 7 6 1 13 0 Woollens Kaiapoi (17s paid) .. 0 14 3 0 14 4 Kaiapoi (pref., 17s) 0 17 0 0 17 9 0 5 6 Kaiapoi (7s paid) — Manawatu (£1) — 1 18 0 Mosgiel (cum div., £4) 10 0 0 — \ Coal Westport-Stockton (10s) 0 2 1 — Westport-Stockton (pf., 10s) 0 3 4 0 3 9 Gas Auckland (£1) — 12 3 Auckland (con.) 0 14 9 —■ Christchurch (£1) 1 9 3 1 10 0 Timaru (£1) .. — 0 19 0 Breweries Dominion (£1) 2 1 3 — Dunedin (£1) .. 1 6 6 1 10 0 New Zealand (£1) 2 19 4 2 19 8 Staples (£1) .. — 1 15 9 Tooheys (16s) — 1 14 0 Tooths (£1) .. 2 17 0 -~" Ward (in liqdn.) 0 1 2 — Miscellaneous Amalg. Wireless (£1) .. — 3 0 0 Amalg. Wireless (con.. 14s paid) 2 3 0 2 7 6 Anthony Hordern (£1) 0 19 7 0 19 9 Aust. Glass (£1) — 4 12 6 Beath and Co. (£1) .. 1 2 0 — Booth, Macdonald (pf.. £1) — 0 3 3 British Tobacco (£1) .. — 2 11 0 Broken Hill Pty. (£1) 4 1 9 4 2 0 Broken Hill Pty. (con.. ■ £1) 3 14 6 3 16 0 Colonial Sugar (£20) .. 44 17 6 45 0 0 Consolid. Brick (£1) .. 0 6 0 0 8 11 Dominion Fert. (£1) .. — 14 3 Dunlop Rubber (£1) .. 1 0 10 1 0 11 Electro. Zinc (ord., £1) 2 17 2 2 17 6 Electro Zinc (pf., £1) 2 18 1 2 18 6 General Indust. (12/6) 0 19 9 10 3 G. J. Coles (£1) 5 5 0 5 5 0 Greater Crystal Palace (£1) 0 6 6 —- Hume Pipe (Aust.) (£1) 1 0 2 10 3 Kauri Timber (25s) .. 1 3 10 1 4 0 Lustre Hosiery (£1) .. —■ 12 0 Mason, Struttiers (£1 paid) 0 13 6 — Milburn Lime' (£1) .. 1 10 0 1 18 0 Permewan Wright (ex div., £1) 1 8 0 — National Electric (£1) a 13 6 — Millaquin Sugar (£1) 2 3 3 — N.Z. Drug (£2) 3 15 3 3 16 6 N.Z. Farmers' Co-op. (10s paid) — 0 0 6 N.Z. Farmers' Co-op. (A pref., £5) 2 1 0 — N.Z. Farmers' Co-op. (B pref., £4) 1 18 0 — N.Z. Farmers' Co-op. (4J p.C. Stock, 1940, £100) 91 10 0 95 0 0 N.Z. Farmers' Co-op. (41 p.c. Stock, 1944. £100) — 93 0 0 N.Z. Farmers' Co-op. (4J p.c. Stock, 1939, £100) 92 0 0 — Procera Bread (10s) .. — ,17 0 T. J. Richards (£1) .. 2 3 6 — Taranaki Oilfields (24/7) 0 4 0 0 4 4 Taupo Totara Timber (25s) . 0 8 10 0 9 1 United Provisions (£1) — 0 11 3 Victoria Nyanza (£1) — 0 18 6 Whitcombe and Tombs (£2 10s paid) 3 0 6 — Wilson's Cement (£1) — 1 15 0 Wilcox, Mofflin (lis) .. 0 13 11 0 14 1 Woolworths (N.Z.) (ord., £1) .. — 8 0 0 Woolworths (N.Z.) (pref., £1) ... 1 16 0 — Woolworths (Sydney) (1st pref., £1) 1 18 0 —- Woolworths (Sydney) (2nd pref., £1) 1 6 6 — Woolworths (Victoria) (pref.. £1) 1 6 0 18 0 Shillings, Ltd. (£1) .. 0 16 4 — Milling Addison's Flat (Is) .. 0 19 Alexander (15s paid) 0 13 0 0 16 0 Argo (Is) 0 1 11 0 2 0 Barry town (£1) 1 12 8 — ' Big River (Is) 0 1 7 0 1 11 Gillespie's Beach (Is) 0 1 5 0 1 71 Golden Sands (ex div.. Is) 0 1 9 0 1 11J Maerewhenua (Is) — 0 0 11 Maori Gully (Is) 0 0 5 0 0 6 Martha (5s) 0 19 6 — Moonlight Gold. (Is) — 0 0 7 Moonlight Gold, (vendors) .. — 0 0 7 Mossy Creek (Is) — 0 10) Nemona (Is) MM 0 1 71 Nokomai (5s) _ 0 2 4 Okarito (cum div., 5s) 0 3 51 Skippers (Is) 0 0 1 0 0 3 Waihl Grand Junction (2s) , .. _ 0 4 6 Waimumu Sluic. (Is) — 0 0 111 Waitahu (5s) 0 2 0 Worksop Extend. (Is) — 0 1 74 Australian Mining Broken Hill South (63) 2 5 0 2 7 0 Mount Lyell (£1) .. 2 5 0 2 5 2 Mount Morgan (2s 6d* 0 15 7 0 15 8 Placer Development (1 dol.) .. — 5 0 0. Rawang Tin (10s) — 0 11 9 Wellington Alluviala (2s). 0 S 9 0 6 9

Buyers. Sellers. £ s/ d. £ s. d. | Andersons, Ltd. (pf.) 0 18 0 — Auck. Farmers' Freezing (£5 paid) — 6 0 0 Auck. Farmers' Freezing (£1 paid) — 1 2 6 Assoc. Motorists Petrol' (pref.) 1 10 0 1 11 6 Alloy Steel (Aust.) .. — 1 2 0 Alloy Steel (new) — 1 1 0 Arahura 0 14 6 0 15 0 Ballins Breweries (15s paid) 0 10 0 0 11 0 Christchurch Press .. 8 0 0 — Grey River (3/9 paid) — 0 5 0 Ngahere 0 6 2 0 7 0 New Hiver .. 0 0 7 0 0 7i N.Z. Mining Invest. .. — 0 0 5 N.Z. Perpet. Forests (4s paid) 0 12 0 — Paparoa Coal — 0 14 0 E. Reece, Ltd. (pref.) 0 1 9 ~* Selfridges (A/asia.) (old) — 1 18 0 Selfridges (A/asia.) (new) 1 14 0. 1 16 9 Selfridges (N.Z.), (4s paid) .. • .. — 0 6 0 Selfridges (N.Z.) (£1 paid) Stacey and Hawker 1 0 o (pref.) 1 0 0 1 io 0 Thyrodone — 2 0 0 Woolworths (Sydney) (ord.) 7 0 0 7 7 0 Woolworths (W.A.) .. — 6 18 9 Woolworths (Sydney) (rights) 4 15 6 4 18 6

Salesmen 'Change £. s. d. Govt. Bonds, 1946-49, 4 p.c. . Rural Bonds. 1947, 4 p.c. Ins. Stock, 1943-46. 4 p.c. Amalg. Brick (Auck.), 1944, 6p Dominion Breweries .. Dominion Breweries (new) . 102 0 6 . 101 0 0 102 15 0 c. 100 o . 2 2 6 . 2 0 3 2 10 Broken Hill Pty. G. J.' Coles Robinson Ice .. W&ihi Junction Mount Lyell . 4 2 3 . 5 4 6 5 5 0 14 0 13 3 . 0 3 10 2 5 3 2 5 0 Mount Morgan .. Placer Development .. . 0 16 0 0 16 3 0 16 0 0 15- 9 . 4 17 6 Unofficial List Woolworths (Sydney) > . Silluiit . 1JU __. *• j_,. m -uL — 7 7 0 7 7 6

sales on 'Change £ S. d Bank of N.S.W. 37 12 6 Union Bank .. • .. 11 7 0 Broken Hill Pty. G. J. Coles .'.'. 4 2 3 4 2 5 5 11 0 Holeproof, Ltd. .. 1 10 10J1 Bank of New Zealand 2 5 0 (All above late Tuesday) Union Bank 11 7 0 Bank of Australasia (2) 12 17 0 Bank of N.S.W. .. .. .. 37 12 6 South British Insurance •• 4 15 4 14 0 9 4 14 8 N.Z. Refrigerating (2) .0 19 6 Broken Hill Pty. (2) 4 2 3 G. J. Coles 5 4 9 5 5 0 Unofficial List Self ridges (A'asia) (old) (late Tuesday) 1 16 0 Woolworths. Ltd. 7 7 6 DUNEDIN Sales on 'Change £ s. d. Commercial Bank 0 19 7 National Bank of Aust." (con.) (cum div.) (late Tuesday) 7 18 0 Union Bank 11 a 0 Aust. iron and Steel (pref.) 1 6 9 Broken Hill Pty. (con.) 3 14 9 Gordon and Gotch .. 2 12 6 Electrolytic Zinc (ord.) 2 16 6 Mount Lyell 2 5 2 5 3 6 Mount Morgan o is 0 Ins. Stock. 4 p.c. 1946-49 101 15 0

ency. Morning Sales & s. d. Commonwealth Bonds— 3 per cent., 1948 '.. Si 0 0 3g per cent., 1949 .. 94 10 0 4 per cent., 1961100 13 9 Wilcox, Mofflln 0 14 3 Broken Hill Pty. 4 2 9 Electro. Zinc 2 18 0 Electro. Zinc, (pref.) .. 2 19 3 General Industries 1 0 4i Afternoon Sales Bank of New South Wales .. 33 2 <J Comm. Bank of Sydney 22 18 0 Queensland National Bahk .. 5 15 0 Colonial Sugar 45 5 0 Mercantile Mutual Insurance (N.Z. delivery) 1 11 6 Adelaide Steam 1 12 6 British Tobacco 2 11 0 Tooths . ... 2 17 6 Tooheys .. 1 13 3 G. J. Coles 5 7 6 Australian Glass (N.Z. delivery) 4 12 3 Dunlop-Perdriau • .. 1 1 3 Goldsbrough, Mort 1 17 41 Winchcombe. Carson .. 1 16 9 Wilcox, Mofflln 0 14 4 Morris, Hedstrom £,§ 9 Electrolytic ZinC (2 17 9 Electrolytic Zinc (pref.) 2 19 0 Anthony Hordern 1 0 11 Australian Gypsum .. 1 1 9 R. Fowler 0 13 3 Pitt, Son, and Badger 2 11 0 Cliffprd Love 2 15 4 Amalgamated Wireless —.. 2 18 1 11 0 Finney Isles 0 Union Theatres (pref.) 0 14 9 Woolworths (ord.) 7 6 " Mount Morgan 0 14 ll | Mount Lyell 2 5 10J Zinc Corporation 6 18 0 Larut - •• 1 0 3 MELBOURNE

Sales: — £ 6. d. Comm. Bank of Australia . 0 19 9 National Bank (£5 paid) 7 18 0 National Bank (£10 paid) . 15 18 0 . 2 10 9 British Tobacco Carlton Brewery 3 2 3 G. J. Coles 5 7-0 Drug Houses • • • Aust. Iron and Steel (prer.) . 18 0 . 17 0 Dunlop-Perdriau .. - . 110 Dunlop-Perdriau (pref.) 1 15 0 .17 3 Goldsbroufih, Mort Electrolytic Zinc •• . 2 18 3 Electrolytic Zinc (pref.) . 2 19 3 . 0 18 9 . ' 0 15 3 Victoria Nyanza Mount Morgan Mount Lyell , 2 6 0 . 4 3 0 Broken Hill Pty. ... . North Broken Hill . 3 11 3 . 2 7 4& .119 . 0 16 10 South Broken Hill Loloma Emperor . • • •

LONDON, April 20... April G. April 20. BanksAustralasia £ s. 9 18 d. 9 £ s. a. 9 17 C E., S., and A. .. 4 17 6 4 16 3 Union of Aust. 8 12 6 8 • 4 !] New South Wales National of N.Z. 29 0 2 11 0 6 29 10 0 r 2 11 3 New Zealand .. 1 14 3 1 13 6 Others — N.Z. Loan and t Merc. (4 per cent, deb.) .. 95 10 0 96 10 0 ■ N.Z. Loan and Merc. (ord. stock) 36 0 0 38 10 0 April 13. April 20. British Tobacco 2 0 0 2 0 0 Goldsbrough, Mort 1 10 0 1 10 0 Dalgety 9 2 6 9 2 6 P. and O. Def. 1 18 9 1 15 9

LONDON, April 20. April 19. \ April 20. £ is. d. v£ s. d. Copper- - Standard, spot 59 6 3 ' 55 .12 6 Forward 57 11 3 53 Vl 3 Electrolytic 65 0 0 62 0\ 0 to 67 0, „o 64 0 \*> Wire bars 67 0 s 64 0 0\ LeadSpot 24 1 3 23 0 0 Forward 28 18 9 22 17 6 Spplter— Spot 24 12 6 22 7 6 Forward 24 12 6 22 7 6 TinSpot 258 5 0 249 10 0 Forward 256 12 6 245 15 0 SilverFine, per oz. 20 ll-16d 20Jd Standard, per OZ, »» 22 5-164 .v22Jd|