THE STOCK EXCHANGES

Press, Volume LXXIII, Issue 22083, 4 May 1937, Page 11

THE STOCK EXCHANGES

GOOD INVESTMENT TURNOVER PRICES MAINLY FIRM There was a good volume of business on the Christchurch Stock Exchange yesterday, with dealings well spread, but with the bulk of the trading in in dustrials. A number of stocks showed a recovery and prices were generally firm.

DEALINGS COMPLETED Miscellaneous Buyers. £ s. d. Sellers. £ s. d. Amalgam. Wireless Sales oh 'Change (con., 14s paid) — 2 8 0 £ s. d. Anthony Hordern (£1) 10 3 10 9 Aust. Glass (£1) 4 8 6 4 8 9 25 Coram. Bank of Aust. British Tobacco (£1) 2 8 3 2 9 3 (pf.) •• ..989 Broken Hill Pty. (cum* 211 Goldsbrough Mort. (2) 1 18 3 250 N.Z. Breweries .. 3 0 0 2 19 9 div., £1) Broken Hill Pty. (con.. cum div.. £1) ' .. 4 1 11 3 16 6 4 2 1 3 17 3 Colonial Sugar (£20) 45 2 6 — .2 19 10 Consolid. Brick (£1) .. 0 7 9 0 8 3 100 Anthony Hordern .. 10 3 D.I.C. (£1) 0 16 6 — 100 Aust. Glass • • 4 8 6 Dominion Build. Sup0 5 0 1 0 10 350 Broken Hill Pty. (cum plies (10s) Dunlop Rubber (£1) .. 0 3 11 10 9 div -> , ( £ 2 2 8 Electro. Zinc (ord., £1) 2 18 0 2 18 3 (5) 4 2 01 Electro. Zinc (pf.. £1) 2 18 6 2 18 11 5 Colonial Sugar .. 45 2 6 General Indust. (12/Q) 10 1 — 100 Dunlop Rubber .. 1 0 10 73 Electro. Zinc, (ord.) .. 2 18 3 G. J. Coles (£1) Hume Pipe (Aust., £1) Kauri Timber (25s) .. 5 7 3 5 7 6 10 0 14 0 150 Electro. Zinc (pf.) .. 2 19 0 Leyland O'Brien Tim(2) 2 18 9 ber (£1) — 116 320 G. J. Coles .. 5 7 0 Mason, Struthers (£1 (8) 5 7 3 100 Morris Hedstrom .. 19 0 paid) Morts Dock (£1) Morris. Hedstrom (£1) 0 14 8 0 12 7 19 0 0 12 11 19 1 100 N.Z. Paper Mills (cum Permewan Wright (£1) 19 0 — div.) .. •• 17 6 National Electric (£1) 0 13 6 ' — 100 Taranaki Oilfields .. 0 4 6 N.Z. Drug (£2) — 3 14 9 500 Maori Gully .. 0 0 6} N. Farmers" co-op. 400 Mount Lyell (8) UfA Co-op. - 0 0 5 200 Mount Morgan (2) 0 15 0 (1st pref.. £5) — 3 9 0 100 Rawang Tin .. 0 U 6 1S.Z. TFaiHttss' Co-op. (<U p.c. Stock. 1940. £100) N.Z. Farmers' Co-op. Sales Reported 92 0 0 93 10 0 77 National Mortgage "A" . (4J p.c. Stock, 1945. (late sale Saturday) .. 2 13 0 £100) .. „ •• 92 0 0 93 0 0 210 N.Z. Refrig. (£1 pd.) (2) 0 19 4 50 Mosgiel Woollens (cum N.Z. Farmers' Co-op. <4| p.c. Stock. 1B39. N.Z. Farmers' Fertil92 0 0 - div.) •• 10 5 2 iser (£1) /: 10 0 ' —• 100 Aust. Glass •. 4 8 6 N.Z. Newspapers (16/8) — 1 19 0 500 Swan Brewery (5s pd., N.Z. Paper Mills (cum div., £1) Quill, Morris (1936) (£1) •• ,„„ •• 17 6 cum div.. and bonus) .. 1 12 6 500 Westport-Stockton Coal — 0 18 0 (pref.) .. Si* 1 !* Taranaki Oil. (24/7) .. 0 4 8 0 4 9 100 Shillings. Ltd. .. 0 18 3 200 N.Z. Guarantee Corpn. 0 4 9 Whltcombe and Tombs (£2 10s paid) .. Taupo Totara Timber 3 10 0 8 0 — UNLISTED STOCKS (10s) •• , •; Victoria Nyanza (£1) 0 18 9 Sales on 'Change 200 Grey River (3s 9d pd.) Q 4 2 Wilcox Mofflin (lis) Wilson's Cement (£1) Woolworths (N.Z.) (ord.. £1) ._•.• 0 13 9 7 15 0 0 13 11 1 14 0 8 0 0 Banking: Woolworths (N.Z.) Commercial Bank of Australia prefC*^ 1 18 0 0 18 0 0 18 3 erence advanced to £9 8s 9d, market closing 3d either way. Goldsbrough, Morts were fractionAlexander (£1) • • ■ 0 12 8 0 12 0 o i Hi 0 13 0 15 0 16 9 Alexander (15s pd.) 0 2 0 ally weaker with buyers and dealings at 38s 3d, sellers at 38s 5d. A late sale of National Mortgage on Saturday was Argo (Is) Argo (6d paid) Big River (Is) •• Gillespie's Beach (Is) 0 ~1 10 0 16 reported at 53s. and buyers yesterday offered 52s without attracting sellers. Golden Sands (Is) .. King Solomon (Is) .. 0 18 0 0 8 0 0 1 NZ Guarantee Corporation remained Maerewhenua (Is) 0 0 5i 0 0 6 unaltered at 4s 9d. N.Z. Refrigerating Maori cuiiy usj •• fully paid wert steady with buyers and Mar ha (cum div., M dealings at 19s 4d. Mosgiel Woollens %$*£*%% cum dividend changed hands at £10 5s. w^umu S i U ic. (is) 0 18 9 0*0 2 0 0 111 0 7. OS 0 0 3 0 16 0 1 71 Westport-Stockton Coal preference Worksop Extend, (is) 0 14 were steady with buyers and business Australian Mining at 4s lOd. , , , , , New Zealand Breweries had dealBroken Hill South (cum div., 5s) 2 8 6 2 9 3 ings at 60s, 59s 9d, and 59s lOd, and Swan Brewery cum dividend were dealt in at 32s 6d. Mount Lyell (£1) •• 2 6 0 2 6 2 Mount Morgan (2s 6d) North Broken Hill (5s) Rawang Tin (10s) .. 0 14 10 3 13 3 0 11 6 0 14 11 3 13 9 0 11 8 Miscellaneous Anthony Hordern were firmer with buyers and business at 20s 3d. Australian Glass were stronger with buyUNLISTED STOCKS ers and dealings at 88s 6d, sellers at ■ 88s 9d. Broken Hill Proprietary advanced to 81s 9d and 82s—the preferAll transactions in stocks quoted in this ence were firmer on buyers' offers, section are subject to a different rate of . . j, ctnrks. and are not 76s 6d. Colonial Sugars were firm with | uroKerage aum ....*>*>— . — buyers and business at £45 2s 6d. Dunquoted on the official list:— lop Perdriau Rubbers were steady with Buyers.. Sellers. sellers and business at 20s lOd. Elec- £ s. d. £ s. d. trolytic Zinc recovered to 58s 3d, and | Andersons. Ltd. (pref.. 0 19 1 0 14 3 more were offered at that figure—the cum div.) .. preference advanced to 59s and 58s 9d. G. J. Coles rose to £5 7s and £5 7s 3d, ««v>*I miAf>A ttrora tl/atlton fit tr14* OldlCr Arahura ... •• Assoc. Motorists Petrol (Prff.) •• •• 1 11 0 anci more were weiii teu «t tin- mi 1%***-* price. Morris Hedstrom had business Ballins Breweries (los paid) 0 13 1 0 14 0 at 29s. N.Z. Paper Mills changed hands —4 nr7 n C3 r*r\rl 4ViAv*a ««sr<» fur+hpr lin* Christchurch Press .. Grey River (3s 9d pd.) 0 ~4 1 8 12 6 0 4 3 at 27s ou. ana mere were iui uiei un supported sellers at that price. Tara_«b« <~>ii marc firmer with buvers and Kanieri New River .. 0 15 0 0 0 7J 0 ~0 8 OaKl l*/ll WCIC 111 llld Win* **\aj ***** »•..*» business at 4s 6d. Shillings rose to N.Z. Perpetual Forests (4s paid) .. 0 18 1 • 0 6 9 0 3 0 18s 3d. Mining: Ngahere .. •• E. Reece, Ltdi (pref.) 0 6 3 0 2 3 Maori Gully had business at 53d, market closing Jd either way. Mount Selfrldges (A'asla.) (old., cum div.) Selfrldges (A'asla.) - 1 16 0 Lyells moved up to 46s, buyers staying in at that price; sellers at 46s 2d • (new, cum div.) Thyrodone .. •• _ 1 15 0 2 0 0 Mount Morgans were firm at 15s, but closed with sellers at 14s lid. Rawang Tins were firm with buyers and busiWoolworths (Sydney) (ord.) .. . , •• Woolworths (W.A.) .. 7 3 9/ 7 5 6 6 18 0 ness at 113 6d. Woolworths (Sydney) (rights) 4 13 6 4 15 0

: AUCKLAND ' Sales on 'Change £ S. d. Auckland Harbour Board, 1958, 4j per cent. 105 10 0 Bank of New Zealand .. 2 4 0 (2) 2 4 3 Farmers' Co-op. Auct. (£5 paid) 4 10 0 Farmers' Co-op. Auct. (A pref.) 1 3 0 . North Auckland Farmers' Co-op. 0 3 0 North Auckland Farmers* Co-op. (B pref.) 0 11 0 Broken Hill Proprietary 4 1 4 1 4 1 3 6 B Consolidated Brick 4 1 4 2 o a 6 6 0 0 7 10 Dunlop Perdriau 1 0 11 Electrolytic Zinc (pref.) 2 18 " e 2 19 6 Farmers' Trading (B pref.) .. 1 3 3 , G. J. Coles 5 6 0 ' Milne and Choyce (deb.) 0 16 3 j Farmers' Fertiliser 1 1 0 Taranaki Oil .. 0 4 0 (2) 0 4 2 ) Mount Morgan • .. (2) 0 15 0 1 0 14 11 Unofficial List 1 Woolworths (Sydney) ) 7 4 6 J WELLINGTON 2 Sales on 'Change £ s. d. Bank of N.Z. (late Saturday) 2 4 lj > Bank of New South Wales 37 10 0 Union Bank .. .. - .. 11 5 0 Bank of New Zealand 2 4 11 . N.Z. Guarantee Corporation .. 0 4 9 N.Z. Refrigerating 0 19 4 5 New Zealand Breweries 2 19 6 Broken Hill Proprietary (2) 4 1 0 (2) 4 1 3 4 2 0 4 1 9 45 2 6 . G. J. Coles ... .. (2) 5 6 3 > 5 7 0 . Taranaki Oil .. .. -' 0 4 2 ' Woolworths, Ltd. (2nd pref.) .. 1 7 9 Broken Hill South 2 9 U ) Waimumu o .o m Unofficial list Selfridges (A'asia.) (old) (late Saturday) 1 14 3

Unlisted Stocks v , Grey River (3s 9d paid) were steady at 4a 2d, closing quotations Id on either AUCKLAND side. Woolworths (Sydney) rights were Sales on 'Change firmer with buyers at 93s 6d. £ s. d. Auckland Harbour Board, 1958, 41 per cent. 105 10 0 LATEST QUOTATIONS Bank of New Zealand .. 2 4 0 2 4 3 -i Farmers' Co-op. Auct. (£5 paid) 4 10 0 Farmers' Co-op. Auct. (A pref.) 13 0 Buyers. Sellers. North Auckland Farmers' Co-op. 0 3 0 £ s. d £ s. d. North Auckland Farmers* Co-op. N.Z. Government Debentures 32 p.c Ins.. 1941 ••'J2H2 ? ~ (B pref.) Broken Hill Proprietary 0 11 9 4 13 4 16 4 p.c. Ins.. 1943-46 .. 102 10 0 — 4 1 B 4 p.c. Ins.. 1952-55 ..104 0 0 — 4 16 4 p.c. Bonds. 1946 .. 103 0 0 —— 4 2 6 4 p.c. Ins,. 1949 .. 102 17 4 p.c. Bonds. 1955 ..104 5 6 0 — Consolidated Brick o a 0 0 7 10 Rural Bonds, 5 p.c., 15/9/47 .. .. 101 0 31 p.c. Ins.. 15/1/53-57 98 12 0 _ Dunlop Perdriau 1 0 11 6 — Electrolytic Zinc (pref.) 2 18 6 2 19 6 Other Debentures Farmers' Trading (B pref.) .. 13 3 Wanganui Harbour, 41 0 G. J. Coles 5 6 0 P.O., 1/4/64 .. — NX Refrig., 41 p.c, 1940-45 101 15 104 15 Milne and Choyce (deb.) 0 16 3 0 103 0 0 Farmers' Fertiliser Taranaki Oil 110 0 4 0 Banks (2) 0 4 2 Australasia (£5) .. — 12 15 0 Mount Morgan • .. (2) 0 15 0 Comm. of Aust. (10s) 0 19 5 0 19 7 0 14 11 Comm. of Aust. (pf., Unofficial List £10) ■ .. 0 8 6 9 9 0 Woolworths (Sydney) 7 4 6 E., S., and A. (cum dlv., £3 paid) .. — 6 10 0 Natl, of A'asla (£5 paid, cum div.) .. 7 15 Natl. 6t N.Z. (£3 10s) 3 3 0 0 7 17 6 WELLINGTON N.S.W. (cum div.. £20) 37 7 6 37 12 6 N.Z. (cum div.. £1) .. 2 4 0 2 4 2 Sales On 'Change N.Z. (Mort shares, cum £ s. d. dlv., £1) ..16 3 —. Bank of N.Z. (late Saturday) 2 4 1! Union of Aust. (£5) — 11 7 0 Bank of New South Wales 37 10 0 Insurance Union Bank .. .. - .. Bank of New Zealand 11 5 0 2 4 1! National (cum div.. 7s paid) .. 0 17 New Zealand (£1) .. 3 0 Standard (£1) .. 2 17 6 6 3 0 17 2 18 9 6 N.Z. Guarantee Corporation .. N.Z. Refrigerating New Zealand Breweries Broken Hill Proprietary (2) 0 4 9 0 19 4 2 19 6 4 10 Loan and Agency Ch.Ch. Build. Society (ex div... £10) .. 14 0 0 (2) 4 13 4 2 0 4 19 Dalgety and Co. (cum 45 2 6 dlv.. £5) .. 10 17 6 — G. J. Coles ... .. (2) 5 6 3 Goldsbrough, Mort (£1) 1 18 3 1 18 5 5 7 0 Natl. Mortgage A (£2) 2 12 0 — Taranaki Oil .. .. -' 0 4 2 N.Z. Guar. Corpn. (3s) 0 4 8 0 5 0 Woolworths, Ltd. (2nd pref.) .. 17 9 N.Z. Loan and MercanBroken Hill South 2 9 1J tile (ord.. £100) .. 48 0 Pedman. Invest. (£10) — 0 10 ~0 0 Waimumu 0 .0 llj Wright, Stephenson Unofficial List (£1) .. ..10 1 ~— Selfridges (A'asia.) (old) (late Wright, Stephenson (pref.. - £1) ..10 3 — Saturday) 1 14 3 Snipping ' Huddart-Parker (£1) 1 17 0. 1 19 9 Huddart-Parker (pf., £1) .. .; 16 0 _ MELBOURNE Union (pref., £1) .. 16 9 — , , Frozen Meat Canterbury (£7 10s paid) ... ..0 5 Canterbury (pf., £5) 6 8 NZ. Refrig. (£1 pd.) 0 19 The market at Melbourne was generally 0 6 10 0 0. better. Broken Hill Proprietary Barriers 4 0 19 5 and Mount Lyells were firmer in expecN.Z. Refrig. (10s pd.) 0 8 10 0 9 0 tation of a gradual improvement here North Cant. Freez. (£3 and overseas. paid) • • >• 1 11 6 — Sales: — £ s. d. 0 19 6 Woollens Comm. Bank of Australia Kaiapol (17s paid) .. — 0 14 4 National Bank (£5 paid) 7 18 0 Kaiapoi (7s paid) .. — Kaiapoi (pref., 17s) .. — 0 5 0 17 5 9 Adelaide Steam Howard Smith 1 13 0 13 0 Mosgiel (cum div., £4) — 10 9 0 Carlton Brewery 3 4 0 G. J. Coles 5 7 6 Westport (10s) « .. — „ Stockton (10s) .. 0 2 7 StoclrtoTi tpref., 10s) .. • O 4 10 1 3 0 3 O 5 9 0 O Australian Iron and Steel (pf.) Australian Glass Dunlop Perdriau Qoldsbrougti, Mort 16 6 4 8 9 112 l 19 lj Gas Electrolytic Zinc .. 2 19 0 Ashburton (fit) .« 5 18 O _ Electrolytic Zinc (pref.) Australian Paper (rights) 2 19 3 Auckland (con., £1) -. 0 14 9 •— 0 2 4 ChristcMurch (£1) .. — 1 8 0 Melbourne Electric Stock Yarra Falls 0 18 4 2 2 0 Breweries Silverton Trams t. 1 16 6 Dominion (£1) .< 2 0 0 2 4 3 Mount Morgan Mount Lyell. .. Broken Hill Propty. .. North Broken HfTi .. 0 14 11 Dunedin (cum div., £1) 17 9 1 12 0 2 6 3 New Zealand (£1) .. 2 19 6 ~— 4 3 6 Staples (£1) .- 1 IS 0 1 15 5, 3 13 6 Swan (cum dlv. and , South Broken Hill .. .. 2 9 0 bonus. 5s) .. 1 12 6 —• Emperor' *, -. Loloma ,. Z. 0 16 8 Tooths (£1) '«. 2 17 e 2 18 0 10 9

MELBOURNE "The market at Melbourne was generally better. Broken Hill Proprietary, Barriers 5 and Mount Lyells were firmer in expecJ tation of a gradual improvement here and overseas. Sales: — £ s. d. . Coram. Bank of Australia 0 19 6 * National Bank (£5 paid) 7 18 0 I Adelaide Steam » Howard Smith 1 13 0 13 0 J Carlton Brewery 3 4 0 G. J. Coles .. , .. 5 7 6 a Australian Iron and Steel (pf.) 16 6 3 Australian Glass 4 8 8 i Dunlop Perdriau 112 Qoldsbrougti, Mor* l 19 U Electrolytic Zinc .. 2 19 0 Electrolytic Zinc fpref.) Australian Paper (rights) 2 19 3 0 2 4 0 Melbourne Electric Stock 0 18 4 Yarra Falls 2 2 0 Silvertdn Trams t. 1 16 6 3 Mount Morgan 0 Mount Lyell. .. Broken Hill Prbpty. .. 5. North Broken Hfll 0 14 11 2 6 3 4 3 6 3 13 6 South Broken Hill .. .. 2 9 0 h Emperor" „. _ 0 16 8 o Loloma , -v m __ «• 10 9

DUNEDIN , sales on 'Change £ s. d. Mount Lyell .0 2 5 9 Union Bank .. < 11 6 0 i Mount Lyell (2) 2 5 9 Okarito 0 3 0 Associated News (pref.) .. 1 2» 4 * MilbUfn Lime ... •• 1 17 *G 1 SYDNEY The outstanding feature In a quiet market on the Sydney Stock Exchange yesterday was the sharp recovery of Broken Hill Proprietary new shares, which rose by 3s to 77s 6d. Barriers were a shade firmer. -Industrials were firm but slow. Sales £ s. d. National Bank (£5 paid) .^ 7 17 6 Colonial Sugar »• 45 17 6 Associated Newspapers .. 13 0 Associated Newspapers (pref.) Australian Gas (A) 13 6 7 6 6 British Tobacco 2 9 9 Tooths 2 18 3 Carlton Brewery ■ .. 3 4 0 G. J. Coles 5 8 0 G< J. Coles (N.Z. delivery) 5 8 0 Amalgamated Wireless (contr. N.Z. delivery) 2 8 9 W. H. Soul 4 5 0 Kandos 14 3 Taubmanns 3 11 0 Gold.sbrou.giv. Mort 1 18 10i Electrolytic Zinc ... 2 19 6 Anthony -Horderh* 10 9 Anthony Hordera (pref.) 13 3 Yarra Falls 2 2 0 Woolworths 7 5 0 Mount Lyell Broken Hill Propty. ... 2 6 6 4 4 0 Broken Hill Propty. (N.Z. deliv.) 4 3 6 Broken Hill (cohtr.) 3 17 6 South Broken Hill 2 9 6 North Broken Hill B 3 13 9 Rawang *, 0 11 B Taranakl Oil 5 ...... _£ 0 4 11