THE STOCK EXCHANGES

Press, Volume LXXIII, Issue 22108, 2 June 1937, Page 11

THE STOCK EXCHANGES

MODERATE BUSINESS BREWERY SHARES ACTIVE Brewery shares commanded lively interest on the Christchurch Stock Exchange yesterday. New Zealands rose sharply, but later eased, as did Staples. Turnover was fair, mostly in industrials.

DEALINGS COMPLETED LISTED STOCKS Sales on 'Change £ B. d. 200 Comm. Bank of Aust. (2) 019 0 299 Goldsbrough. Mort .. 117 10 1 17 9 (odd parcel) 117 8 100 Kaiapoi Woollens (pref.) .. 0 17 0 200 Westport - Stockton Coal ..029 100 Christchurch Gas .. 16 9 600 N.Z. Breweries (cum div.) .. 3 8 0 3 7 0 (2) 3 6 0 (2) 3 4 9 (2) 3 4 10 (3) 3 4 9 50 Staples Brewery .. 215 6 50 Broken Hill Propty. (cum div.) .. 4 0 9 50 Broken Hill Propty. (cum div.. contr.) .. 3 14 10 500 Dunlop Rubber (5) 12 8 350 Electro. Zinc (ord.) (2) 216 9 (4) 216 6 150 Electro. Zinc (pref.) (2) 2 17 0 2 17 3 270 G. J. Coles (2) 5 9 9 5 10 0 (2) 5 9 9 (3) 5 9 6 200 Hume Pipe (Aust.) (2) 0 19 3 100 Shillings, Ltd. . • 018 9 500 Mount Lyell .- 2 5 0 2 4 11 2 4 9 2. 4 7 2 4 6 2 4 5 400 Mount Morgan <2) 013 7J (2) 013 4 Sales Reported 100 National Bank of N.Z. (cum div.) .. 3 4 3 57 Bank of N.Z. (cum div.) (odd parcel).. 2 4 6 25 Union Bank of Aust. 11 1 6 200 Auckland Gas .. 12 0 100 N.Z. Breweries .. 3 5 6 3 6 0 100 Staples Brewery 2 13 6 50 Electro. Zinc (ord.) 216 3 50 G. J. Coles . • 5 9 6 49 N.Z. Drug (odd parcel) .. 314 0 100 Taranaki Oilfields .. 0 4 1 100 Martha .. 0 15 1 200 Mount Lyell .. 2 4 6 2 4 5 UNLISTED STOCKS Sales on 'Change 100 Grey River (3s 9d pd.) 0 4 5 25 Woolworths (Syd.), (ord.) •• 7 2 0 Banking ! Commercial Bank of Australia were Arm, with buyers and dealings at 19s, sellers at 19s Id. National Bank of [New Zealand were firm, with buyers and business at 64s 3d. An odd parcel of Bank of New Zealand changed hands at 44s 6d. and more were wanted at 44s 9d, sellers at 44s lid. -Union [Banks were easier, with business at £ll Is 6d, and further unsupported (sellers at £ll 2s 6d. Buyers of New Zealand Insurance raised their bids to 63s without attracting sellers. Goldsbrough, Morts changed hands at 37s 10d, 37s 9d and 37s Bd, and more were wanted at the lowest price, sellers at 37s 9d. Kaiapoi Woollens, preference shares, were firm, with sellers and business at 17s. Westport-Stockton Coal remained unaltered at 2s 9d, market closing Id either way. Auckland Gas were fractionally firmer at 225. Christchurch Gas were easier at 26s 9d. New Zealand Breweries, cum dividend ana rights to one new share for every two held, rose sharply to 6Bs, but weie unable to maintain that level, and dealings followed at prices ranging from 67s to 64s 9d, with further buyers at the lowest price, sellers at 64s lid. The "rights" were available at 25s 9d. Staples Brewery rose to 55s 6d on the morning call, but on the afternoon call fell back to 53s 6d. Miscellaneous Broken Hill Proprietary were weaker with sellers and business at 80s 9d—the contributing were firm at 74s lOd, market closing Id either way. Dunlop Rubber rose to 22s Bd, buyers staying in at that figure, sellers at 22s 9d Electrolytic Zinc, ordinary, eased from 56s 9d to 56s 3d—the preference showed little variation at 57s and 57s 3d G J. Coles were easier at £5 10s to'£s 9s 6d, sellers staying in at the lowest price, buyers at £5 9s 3d. Hume Pipe (Australia) were fractionally weaker at 19s 3d. An odd parcel of New Zealand Drug Company changed hands at 745. Shillings, Ltd. declined to 18s 9d, market closing 3d either way. Taranaki Oilfields moved up to 4s Id, but closed weaker, with sellers at 3s 9d, buyers at 3s Bd. Mining Martha declined to 15s Id. Broken Hill South were easier, with sellers at 50s. Mount Lyell eased from 45s to 44s 5<L market closing 44s 4d buyers, 44s 6d sellers. Mount Morgans relapsed to 13s 7Jd and 13s 4d, and more were offered at the lower price, buyers at 13s 3d. Unlisted Stocks Grey River, 3s 9d paid were fractionally weaker at 4s 5d Woolworths, Ltd., appeared easier at £7 2s. market closing 6d either way. LATEST QUOTATIONS N.Z. Govt. Debentures Buyers. Sellers. £ s. d. £ s. d. 34 p.c. Ins., 15/3/39-43 and 15/9/39-43 .. 100 0 0 3J PC. Ins.. 1939-52 ..100 0 0 - 3J p.c. Ins., 15/1/53-57 99 10 0 9? nc Ins 1941 .. 100 10 0 4 2 p P c ins; 1943-46 ..103 15 0 104 7 6 4 p.c. Ins., 1946-49 .. 103 17 6 4 p.c. Ins., 1952-55 .. 104 10 Q 105 5 0 4 p.c. Bonds, 1949 .. 104 0 0 4 p.c. Bonds, 1955 .. 104 12 6 Rural Bonds, 15/9/47 .. 101 5 0 3i p.c. Ins., 1939-41 .. 97 0 0 Other Debentures Ch.Ch. Drainage Board, _ 41 p.c, 30/6/65 .. 103 10 0 107 5 0 Booth, Macdonald, 5 p.c, 1/6/47 (ex interest) .. .. 73 0 0 76 0 0 N.Z. Refrig.. 41 p.c. 1940-45 .. .. 101 17 6 Banks Comm. of Aust. (10s) 019 0 019 1 Comm. of Aust. (pref., £10) .. •• 9 8 0 910 0 Comm. of Sydney (£l2 10s) .. -. 21 0 0 E., S., and A. (£3 pd.) 6 5 0 6 7 0 Natl, of A'asia. (£lO paid) .. .. 14 10 0 14 19 0 Natl, of A'asia. (£5 paid) .. 7 7 0 7 8 0 Natl, of N.Z. (cum div., £2 10s) .. .. 3 4 3 3 4 9 N.S.W. (ex div., £2O) .. 35 0 0 37 0 0 N.Z. (cum div., £1) .. 2 4 9 2 411 N.Z. (Mort. shares, cum div., £1) .. ..173 Union (£5) .. .. Insurance National (7s paid) .. 0 17 0 New Zealand (£1) .. S 3 0 Standard (£1) .. Loan and Agency Dalgety and Co. (£5) .. Goldsbrough, Mort (£1) 117 8 117 9 N.Z. Loan and Merc. (ord.. £100) .. .. United Building Society (£1) .. .. 10 0 110 Wright, Stephenson (£1) .. ..110

> : UNLISTED STOCKS s 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. Alloy Steel (Aust.) .. Assoc. Motorists' Petrol (pref.) .. .. 1 10 7 Arahura .. .. 0 15 0 Ballins Breweries (15s paid) .. .. 013 3 014 6 Coulls, Somerville. Wilkie .. .. Grey River (3s 9d pd.) 0 4 3 0 4 6 • Mt. Cook Tours .. 0 7 6 011 0 New River .. .. 0 0 8 0 0 9 Ngahere .. .. 0 6 0 0 7 0 N.Z. Perpetual Forests (4s paid) .. ..096 E. Reece, Ltd. (pref.) 0 2 9 3 Selfridges (A'asia.) .. 1 11 0 Selfridges (N.Z.. £1 ' paid) .. Selfridges (N.Z., 8s paid) .. __ 0 6 11 Thyrodone .. .. Westland Breweries .. 1 IB 0 Woolworths (Sydney), (ord.) 7 16 7 2 6 j Woolworths (W.A.) .. Woolworths (Sydney), (rights) .. 4 8 0 410 0 )

AUCKLAND Sales on 'Chang* £ s. d. 4 p.c. Govt. Bonds, 1946-49 .. 103 17 6 4 p.c. Ins. Stock, 1943-4B .. 103 17 6 4 p.c. Ins. Stock, 1946-49 ~ 103 15 0 Comra. Bank of Australia .. 019 1 National Bank of N.Z. .. 3 4 3 South British .. - - 4lf 6 Renown Coal .* (2) 011 0 Broken Hill Pty. .. .. 4 0 3 Colonial Sugar .. .. 46 0 0 Dunlop Perdriau - - • • 1 Z u Farmers'. Trading (new, 20s paid) • •- (2) 1 1 0 N.Z. Refrig. (£1 paid) .. 019 0 Taranaki Oil .. -. 0 310 Union Oil » •- 16 0 Martha * <2) £lg g Waihi Junction *- .. 0 3 0 Mount Lyell ... .. 2 4 6 Unofficial List Woolworths (Sydney) (2) DUNEDIN Sales on 'Change £ s. d. New Zealand Breweries .. 3 5 3 Goldsbrough, Mort .. • • 1 " » Staples -• < 2 > ? 14 6 Westport Coal - • • • } 3 « Dominion Fertiliser .. . - 14 0 (Both after call) Unlisted Stock Woolworths (Sydney) .. 7 2 0 | SYDNEY A slight increase was noted in the volume of investment business on the Sydney Stock Exchange yesterday. Tne market was steady and generally firm. There was little trading in the mining section. „ , Morning Sales £ s. d.

MELBOURNE Bonds were the strongest section of the Melbourne market yesterday. Investments were steady. Base metals and gold were easier. Sales:— £■ s. d. National Bank (£5 paid) .. 7 9 0 National Bank (£lO paid) .. 15 3 0 Bank of Australasia .. .. 12 17 0 Howard Smith .. .. 119 British Tobacco .. .. 2 10 0 G. J. Coles .. .. 5 9 6 Australian Glass .. .. 4 11 6 Dunlop Perdriau .- 1 210 Dunlop Perdriau (pref.) .. 116 6 Electrolytic Zinc .. .. 2 17 0 General Motors .. .. 14 4 Cox Bros. .. .. 3 17 6 Mount Morgan .. .. 013 3 Mount Lyell .. .. 2 4 41 Emperor .. .. 016 7 Loloma .. .. 10 0

LONDON CLOSING RATES LONDON, May 31. Closing rates on London: United .States dollar, 4.935; French franc, 110$; 'Java florin, 8.95. RUSSIAN GOLD DUMPED ON MARKET VIGOROUS ACTION AVERTS BREAK IN PRICE LONDON, May 31. A long list of falls marked the close of a dull day on the Stock Exchange, which was perturbed by the Spanish situation and even more upset by gold uncertainties. Vigorous intervention by the authorities alone averted a heavy break in the price of gold, as £1,700,000 worth from Russia was flung on the market on May 29, and a further large quantity was offered to-day. Gold Is quoted at £? 0s 6£d a fine ounce, almost unchanged from last week. BRITISH WAR LOAN STOCK i LONDON, May 31. British War Loan 3J per cent, stock is quoted at £lOl 12s 6d. PRICE OP SILVER LONDON, May 31. Silver is quoted at 20|d a fine ounce spot, and 20 S-16d forward. PROPERTY SALES Messrs Ford and Hadfleld, Ltd., real estate agents and auctioneers, 133 Worcester street, Christchurch, have to report having submitted for sale by 'public auction a block of sections situated Rudleigh avenue. Newnham terrace, and Ham road. They report the following sales:—Lot 28, containing 32 perches, to Mr Gaskell; lot 19, containing 32 perches, to Mr Taylor.—l

Shipping Buyers. & s. Sellers. 1 £ s. rf 1 Union (pref., ex div.. £1) 1 6 2 — Frozen Meat Canty. (£7 10s paid) .. 9 7 6 — Gear (10s) 0 15 10 0 16 5 N.Z. Refrlg. (£1 paid) 0 19 0 0 19 3 N.Z. Kefrig. (10s paid) 0 8 11 0 9 0| North Canty. Freezing £3 paid) — 2 3 0 Woollens Bonds Hosiery (£1) .. — 1 0 0 Kaiapoi (17s paid) 0 13 9 0 14 0 Kaiapol (7s paid) — 0 5 0 Kaiapoi (pref., 17s) .. 0 16 9 0 17 0 Oamaru (cum div., £1) —■ 1 0 0 Manawatu (£1) — 1 17 0 Coal Grey Valley (£1) 0 8 0 — Westport (10s) — 1 4 0 Stockton (10s) — 0 2 10 Stockton (pref., 10s) .. 0 4 6 0 4 10 | Gas Ashburton (£1) 6 0 0 — Auckland (£1) 1 1 10 1 2 0 Christchurch (£1) 1 c 3 1 7 0 Christchurch (con.) .. 0 13 0 — Timaru (£1) — 0 19 2 Breweries Dominion (£1) 2 4 0 2 6 0 Dominion (pref., £1) .. — 2 6 0 Dunedin (£1) 1 8 6 — N.Z. (cum div, £1) .- 3 4 9 3 4 II 1 N.Z. (rights) .. 1 4 3 1 5 a Staples (£1) -. Tooths (£1) -- 2 13 0 2 15 10 2 15 2 16 0 3 Ward (in liqdn.) 0 1 l Miscellaneous Amalg. Wireless (con.. 14s paid) Anthony Hordern (£1) 2 2 » 0 18 10 0 19 1 Aust. Glass (cum div., £1) 4 12 0 Aust. Iron and Steel (pref.. £1) .. •• 1 6 11 1 7 0 2 3 6 Beath and Co. (Is pd.) — Beath and Co. (pref., £1) 1 2 6 1 5 0 Berlel (N.Z.) (£1) 3 2 6 ■— Booth, Macdonald (pf.. £1) •• , •• — 0 3 0 British Tobacco (cum div., £1) — 2 9 5 Broken Hill Pty. (cum div., £1) 4 0 6 4 0 9 Broken Hill Pty. (con.. cum div., £1) 3 14 9 3 14 ll| Claude Neon (N.Z.) (rights, £1) .. — 0 8 0 Colonial Sugar (£20) .. 46 5 0 47 10 0 Consolidated Brick (£1) 0 8 2 0 8 C Dental and Medical (£1) — 0 14 0 Dom. Builders' Supplies (10s) .. — 0 4 6 Domin. Fert. (cum div.. £1) — 1 4 6 Dunlop Rubber (£1) .. 1 2 8 1 2 9 Electro. Zinc (ord., £1) 2 16 4 2 16 7 Electro. Zinc (pref., £1) 2 17 2 2 17 6 Evans Atlas Flour (10s) — 0 19 9 G. J. Coles (£1) 5 9 3 5 9 6 General Indus. (12s Cd) 1 0 4 1 0 6 Hay's, Ltd. (con., 15s paid) 0 15 6 — Greater Crystal Palace (£1) 0 7 0 — Howurd Smith (£1) .. 1 1 0 — Hume Pipe (Aust.). (£1) 0 19 3 0 19 4 Kauri Timber (cum div.. 25s) .. —. 1 3 10 | Morris, Hedstrom (cum div., £1) — 1 8 9 Morts Dock (£1) 0 12 7 0 12 9 N.Z. Drug (£2) 3 13 0 3 14 9 N.Z. Farmers' Co-op. (£2 10s paid) — 0 17 6 N.Z. Farmers' Co-op. (10s paid) — 0 0 5 N.Z. Farmers' Co-op. (1st pref., £5) 3 3 0 — N.Z. Farmers' Co-op. (41 p.c. Stock, 1939. £100) 92 10 0 — N.Z. Farmers' Co-op. (41 p.c. Stock, 1940, £100) 90 5 0 91 15 0 N.Z. Farmers' Co-op. <4J p.c. Stock, 1945, £100) 90 10 0 91 10 0 N.Z. Farmers' Fert. (£1) 1 0 6 — N.Z. Newspapers (16/8) — 1 16 6 Procera Bread (10s) .. — i n 0 > Quill, Morris (1936), s (£D 0 16 8 — Shilings. Ltd. (£1) .. 0 18 6 0 19 0 , Taranakl Oil (24a 7d) 0 3 a 0 3 9 ' T. J. Hichards (£1) .. — 2 10 6 ' Wilcox, Mofflin (lis) .. 0 13 8 0 13 11 ! Wilson's Cement (cum E div., £1) 1 12 6 — I Woolworths (N.Z.), (ord., £1) .. 7 18 6 8 0 6 Mining Alexander (£1) — 0 10 9 > Alexander (15s paid) — 0 14 0 '■ Argo (Is) 0 1 10 — '■ Barry town (£1) — 1 11 0 1 Big River (Is) — 0 1 7 • Golden Sands (cum ' div., Is) .. 0 2 0 0 2 4 5 Maerewhenua (Is) 0 0 01 0 0 02 1 Maori Gully (6d) 0 0 5J 0 0 6 ; Mossy Creek (Is) 0 0 7 0 0 10 s Nemona (Is) — 0 1 8 3 Skippers (Is) — 0 0 3i , Waipapa Beach (Is) .. 0 0 81 0 0 91 1 Waimumu Sluic. (Is) — 0 0 10 ; Waitahu (5s) ■— 0 1 7 , Worksop Extend. (10s) 0 1 41 0 1 5 [ Australian Mining I Broken Hill Sth. (cum i div.. 5s) 2 9 6 2 10 0 [ Mount Lyell (£1) .. 2 4 4 2 4 6 ' Mount Morgan (2s 6d) 0 13 3 0 13 4 5 North Broken Hill (5s) — 3 14 6 Rawang Tin (10s) 0 11 5 0 11 8 Wellington Alluv. (2s) 0 6 0

WELLINGTON Sales on 'Change £. s. d. Christchurch Gas .. 1 7 0 Gear Meat 0 16 0 N.Z. Refrigerating 0 19 0 Dominion Breweries 2 4 7i (2) 2 4 9 N.Z. Breweries (cum div., cum rights) 3 5 0 Farmers' Trading (new issue) (ord.) 1 1 n Woolworths (N.Z., Ltd.) 8 0 0 Gillespie's Beach 0 1 64 (All above late Monday) 4 p.c. Ins. Stock, 1955 104 10 0 Auckland Gas (2) 1 2 0 National Insurance 0 16 2* Gear Meat (2) 0 16 0 Staples and Co. (2) (3) 2 15 2 14 2 14 6 3 0 Broken Hill Pty. (2) 4 1 4 0 6 ini British Tobacco . m 2 9 6 1 Dunlop Ferdriau .» (2) 1 2 1 Farmers' Trading 1 2 9 Farmers' Trading (new Issue) 1 1 0 (2) 1 1 n Broken Hill South 2 10 6 Unofficial List Woolworths, Ltd. .. 7 2 0 7 2 6 7 2 3 . ._„ (All late Monday)

Australian Gas (A) .. 7 5 6 Anthony Hordern 0 19 3 Australian Iron and Steel (pi.) 17 3 Broken Hill Pty. 4 2 0 Electrolytic Zinc Mort's Dock 2 17 6 .. 0 12 11 Afternoon Sales Comm. Bank of Sydney .. 21 16 0 Bank o£ Australasia .. 12 19 0 Colonial Sugar 47 15 0 Colonial Sugar (N.Z. Delivery) 47 15 0 Associated Newspapers 12 9 Associated Newspapers (pref.j 13 6 Huddart Parker 1 19 3 Burns, Philp 3 12 0 G. J. Coles 5 10 0 Dunlop Perdriau 1 2 101 Goldsbrough, Mort (N.Z. deliv.) 1 18 6 Wilcox, Mofflin 0 13 11 Greater J. D. Williams P 7 4 Henry Jones (ex div.) 2 6 9 Farmers 1 13 3 David Jones - 2 2 0 Anthony Hordern 0 19 3 Peters 10 3 Australasian Paper (N.Z. deliv.) 1 13 6 Amalgamated Wireless. 2 18 0 Newbold Brick 1 16 3 Warburton Frankl 1 2 4J Morts Dock 0 12 11 Hume Pipe 0 19 6 Meggitts 1 12 6 Wunderlich .. 12 3 Woolworths (N.Z.) 8 2 0 Mount Morgan .. 0 13 1 Mount Lyell „ 2 4 9 Bulolo Gold 6 5 0 Rawang 0 11 6 Larut 0 19 lj Taranaki Oil 0 3 10

FOREIGN EXCHANGES RUGBY, May 31. 1 Par. May 28. May 31. Paris, fr. to £1 24.21 110 11-16 110 29-64 I New York. dol. to £1 4.866 4.937-16 4.92J Montreal. dol. to £1 4.866 4.931 4.923 'Brussels. belgas to £1 35 29.271 29.221 Geneva. fr. to £1 25.2215 21.63 21.60 Amsterdam. fl. to £1 12.107 8.931 8.951 Milan, lire . to £1 92.45 932 93 9-16 Berlin, reichmarken to £1 20.43 12.30 12.291 Copenhagen, kr. to £1 18.159 19.391 19.391 Stockholm kr. to £1 18.159 22.40 22.40 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 26J 261 Prague, kr. to £1 164.25 1412 1411 Helsingfors. marks to £1 192.23 2264 226j Madrid, pesetas to £1 25.2215 — — Lisbon, escudos to £1 110 110 3-16 110 3-16 Athens, drach to £1 375 5471 5471 Bucharest. lei to £1 843.5 672J 6721 Belgrade. dinars 276.3 215 215 Rio de Janeiro pence to milreis 4.899 41 41 Buenos Aires, pence to dol. 51 — — Montevideo. pence to dol * 391 392 Bombay, pence to rupee 19 181 184 Shanghai. pence to dol. • 14 15-32 14 15-32 Hong Kong, pence to yen • 14 27-32 14 27-32 Yokohama. pence to yen * 14 13 63-64 Batavia. guilders 12.107 — — Warsaw. zlotys to £1 43.36 — — •Determined by price of silver.

THE METALS MARKET LONDON, May 31. May 28. May SL Copper— £ s. d. & s. d. Standard, spot 60 7 6 58 1 3 Forward 58 6 3 57 2 7J Electrolytic .. 64 0 0 62 0 0 to 66 0 0 64 0 0 Wire bars .. 66 0 0 64 0 0 Lead — Spot 24 0 0 23 8 9 Forward 23 17 6 23 6 3 SpelterSpot 22 15 0 22 2 6 Forward 23 0 0 22 2 6 Tin — Spot 248 17 6 245 17 6 Forward 247 18 9 244 17 6 Silver— * Fine, per oz. . 20id 201d Standard, per oz. 20Id 21{d