THE STOCK EXCHANGES

Press, Volume LXXIII, Issue 22197, 14 September 1937, Page 11

THE STOCK EXCHANGES

MARKETS AGAIN QUIET SEVERAL ISSUES LOSE GROUND Markets on the Christchurch Stock Exchange yesterday were again quiet and turnover was restricted mainly to industrials. A number of issues lost ground.

Banking A late sale of Commercial Bank of Australia on Saturday was reported at 17s 6d, and sellers yesterday offered at 17s sd. Bank of New South Wales dropped to £32, market closing 10s either way. Goldsbrough Morts wore weaker with sellers at 35s 2d. New Zealand Refrigerating, 10s paid, had dealings at 9s lid and 9s lOd, market closing 9s 9d buyers, 10s sellers. Kaiapoi Woollens, 17s paid, declined to 14s. Westport-Stock ton Coal, preference, relapsed to ss, market closing 4s lid buyers, 5s 3d sellers. Miscellaneous British Tobacco were firm with sellers and business at 49s 6d. Broken Hill Proprietary dropped to 77s and closed easier with sellers at 76s 9d, buyers at 76s 3d. Dunlop Rubber were weaker with sellers at 22s Bd, Sellers of Electrolytic Zinc, ordinary, reduced their limits to 54s 9d—the preference cased to 56s 3d and 55s 9d, and more were offered at the lower price. G. J. Coles were weaker at prices ranging from 96s to 955, and more were offered at the lowest price. Hume Pipe (Australia) were firm at 20s 2d, market closing Id either way. Taranaki Oilfields changed hands at 6s 3d and there were further sellers at that figure. Woolworths (South Africa) were fractionally weaker with business at 16s 4d, and there were further sellers at 16s 3d. Mining A late sale of Broken Hill South on Saturday was reported at 48s 6d—dealings yesterday were 48s and 47s lid, and more were offered at 48s, buyers at 47s lOd. Sellers of Mount Lyells reduced their limits to 42s 4d. A late sale of Mount Morgans on Saturday was reported at Us IJd —dealings yesterday were at 11s. Unlisted Stock Woolworths, Ltd., relapsed to £6 13s 6d, £6 13s. and £6 12s 9d, sellers staying in at the lowest price, buyers at £6 12s 6d.

SYDNEY Leading industrials continued to sag on the Sydney Stock Exchange yesterday, but the tone of the market was fairly bright. Mount Lyells and Barriers were steady. Gold shares were traded quietly.

MELBOURNE The volume of business on the Melbourne Stock Exchange was light, with only minor fluctuations. Sales:— . ._ _ Comm. Bank of Australia .. 0 17 7

DEALINGS COMPLETED LISTED STOCKS Sales on 'Change £ s. d. 200 N.Z. Refrig. (10s pd.) 0 9 10 200 Westport - Stockton Coal (pref.) 0 5 0 100 Broken Hill Propty. (2) 3 17 0 50 Electro. Zinc (pref.. ex div.) 2 15 9 100 G. J. Coles 4 15 6 4 15 0 100 Hume Pipe (Aust.) .. 1 0 2 600 Taranaki Oilfields (3) 0 6 3 100 Woolworths (South Africa) 0 16 4 100 Broken Hill South (cum div.) 2 8 0 2 7 11 200 Mount Morgan (2) 0 11 0 Sales Reported 100 Comm. of Aust (latesale Sat.) .. 0 17 6 10 Bank of N.S.W. 1 12 0 400 N.Z. Refrig. <10s pel.) 0 !) 11 100 Kaiapoi Woollens U7s pd., cum div.) 0 14 0 200 British Tobacco 2 9 6 50 Electro. Zinc, (pref.) (ex div.) •2 16 3 50 G. J. Coles (odd parcel ) 4 15 9 (odd parcel* 4 16 0 50 Broken Hill South icuni div.) late sale Sat. 2 « 6 200 Mount Morgan (cum div.) Jate sale Sat. .. 0 11 14 UNLISTED STOCK Sale on 'Change 70 Woolworths (Syd.), ord. 6 13 6 6 13 0 6 12 9

LATEST QUOTATIONS Buyers. Seller £ s. d. £ s. d. N.Z. Govt. Debentures 31 p.c. Ins.. 15/3/39-43 103 2 6 — 3J p.c. Ins., 15/9/39-43 103 5 0 — 3J p.c. Ins.. 1953-57 .. 98 12 6 99 0 0 32 p.c. Ins., 1941 101 5 0 — 4 p.c. Ins.. 1943-46 103 2 6 — 4 p.c. Ins., 1946-49 .. 104 15 0 —, 4 p.c. Ins., 1952-55 104 10 0 —• 4 p.c. Bonds, 1946 103 5 0 — Rural Bonds, 5 p.c. 15/9/47 102 10 0 — Other Debentures N.Z. Refrig., 4J p.c, 1940-45 101 10 0 — Banks Australasia (cum div.. £5) — 11 11 0 Comm. of Aust. (10s) 0 17 3 0 17 5 Comm. of Aust. (prcf., £10) 9 4 0 9 6 0 Comm. of Sydney (£12 10s) — 20 10 0 Natl, of N.Z. (£2 10s) — 2 19 0 N.S.W. (£20). 31 10 0 32 10 0 New Zealand (£1) .. 2 4 11 2 5 3 Union (£5) — 9 12 6 Insurance Merc. Mutual (16s paid — 1 12 0 New Zealand (£1) .. — 3 3 6 South British (£1) .. — 4 18 6 Loan and Agency Dalgety and Co. (£5) 10 1 0 10 5 0 Goldsbrough, M. (£ 1) 1 14 0 1 15 2 Natl. Mort. "A" (£2) —■ 2 10 0 N.Z. and River Plate (£1) — 0 19 0 N.Z. Guarantee Corpn. (3s) — 0 5 0 N.Z. Loan and Merc. (ord., £100) — 35 0 0 United Building (cum div., £1) 1 1 0 — Shipping Devonport Ferry (£1) — 1 0 0 P. and O. Def. Stock (£1) 1 14 0 1 19 6 Frozen Meat Canterbury (£7 10s pd.) 10 0 0 — N.Z. Refrig. (£1 paid) 1 1 0 N.Z. Refrig. (10s paid) 0 9 9 0 10 0 Woollens Felt and Textiles (£1) — 2 1 0 Kaiapoi (17s paid, cum div.) — 0 14 6 Kaiapoi (7s paid, cum div.) 0. 5 3 0 5 5 Mosgiel (£4) .. 10 0 0 — Oamaru (£1) — 0 19 2 . Coal Westport-Stockton (10s) — 0 2 7 Westport-Stockton (pf.. 10s) 0 4 11 0 5 3 Gas Auckland (£1) 1 1 9 — Auckland (cont.. 15s) .. 0 14 9 0 15 3 Christchurch (£1) —. 1 10 3 Christchurch (con., 10s) 0 13 0 0 13 6 Breweries Dominion (£1) — 2 2 6 New Zealand (£1) .. — 2 10 0 N.Z. (cont., 10s paid) 1 14 6 1 14 11 Tooths (£1) .. 2 14 9 2 15 9 Miscellaneous Anthony Hordern (£1) 0 18 9 0 19 0 Aust. Glass (£1) 4 10 9 4 12 0 Beath and Co. (£1) .. —-. 1 2 6 Beath and Co. (Is pd.) — 0 2 9 Booth, Macdonald (pf., £1) — 0 2 6 British Tobacco (£1) 2 9 0 2 fl 6 Broken Hill Pty. (£1) 3 16 3 3 16 9 Burns, Philp (rts.) .. Cox Bros. (£1) 1 14 6 _. — 1 3 0 Consolid. Brick (£1) .. — 0 8 8 Dental and Medical (£1) 0 12 3 _ Dom. Builders' Supplies (10s) Dom. Fertiliser (£1) 0 4 1 4 q 6 Dunlop Rubber (£1) .. 1 2 5 1 2 8 Electro. Zinc (ord., ex div., £1) 2 13 6 2 14 9 Electro. Zinc (pref., ex div.. £1) 2 15 6 2 15 9 G. J. Coles (£1) 4 14 6 4 15 0 Gen. Industries (12/6) — 1 0 6 Gen. Motors-Holden's (pref., £1) .. — 1 5 0

Buyers. Sellers. £ s. d. £ s. d. Hay's. Ltd. (cont., cum rights, 15s paid) .. — 0 17 9 Hume Pipe (Aus.) (cum ■ dlv.. £1) 10 1 10 3 Mason, Struthers (£ 1 paid) 0 12 5 0 16 10 Mason. Struthers (14s paid) — 0 12 6 Mason, Struthers (JOs paid) — 0 8 0 Maeduffs (pref., £1) — 17 3 N.Z. Farmers' Co-op. (£2 10s paid) — 0 16 0 N.Z. Farmers' Co-op. (10s paid) .. -— 0 0 3 N.Z. Farmers' Co-op. (1st pref., cum div., £5) — 3 15 0 N.Z. Farmers' Co-op. ("A" pref., cum div.. £4) — 18 0 N.Z. Farmers' Co-op. ("B" pref., cum div.. £4) -*• 2 10 N.Z. Farmers' Co-op. (4 p.c. Stock, 8/2/40, £100) _ 90 0 0 N.Z. Farmers' Fert. (£1) 0 19 0 —- N.Z. Newspapers (16/8) — 1 18 9 Quill, Morris (1936) (£1) 0 17 0 — Shillings (£1) 0 19 0 0 19 9 Taranaki Oil. (24/7) .. 0 6 2 0 6 3 United Provisions (£1) — 0 9 9 Waldas Shoes (£1) .. — 0 14 6 Wilcox, Mofflin (lis) 0 13 5 0 13 9 Wilson's Cement (lOsi 10 0 1 2 0 Wool worths (N.Z.) (ord.. £1) 5 6 0 — Radio (1936) (10s) — 1 3 6 Overseas Listing Woolworths (S.A.) (5s) 0 16 2 0 16 3 Mining Aigo (If-) ,. 0 1 11J Argo <6d paidi I) 1 .'i 0 16 Barrvtown ( £ 1» 1 6 9 1 12 0 Big River (Is) — 0 1 5 Golden Dawn 15s) 0 1 11 — Golden Sands (Is) .. 0 1 7 — Goldfields Dredg. (1*) 0 0 2 0 0 3 Grey River (6/3 pd.) 0 7 3 0 7 6 Okarito (5s) .. 0 2 10 0 3 6 Walhl Grand Junction (2s) ,— 0 2 11 Waimumu Sluic. (5s) — 0 0 6 Worksop Extend. (Is) — 0 16 Australian- Mining Broken Hill South (5s) 2 7 10 2 8 0 Kuala Kampar (10s) — 119 2 2 4 Mount Lyell (£1) .. 2 2 2 Mount Morgan (2/6) .. 0 11 0 0 11 OJ North Broken Hill (5s) 3 13 0 3 13 8 Rawang Tin (10s) 0 11 94 0 11 11 Wellington Alluv. (2s paid) 0 4 6 0 5 6 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. Assoc. Motorists Petrol (pref.) .. Arahura „ .• 1 10 0 0 16 6 Baliins Breweries (Ijs paid) 0 14 2 0 14 8 1 1 6 Carbonic Ice — Fast Carburettors (£1 paid) .. .. — 15 0 McKenzies Department Stores 4 6 6 4 7 5 National Tobacco — 3 6 0 N.Z. Perpet. Forests 2 2 7 2 3 9 Selfrldges (A/asia) .. 1 11 0 — Selfridges (N.Z.) (2s paid) Wcstland Breweries .. 1 15 0 0 10 6 2 10 Woolworths (Sydney) (ord.) 6 12 6 6 12 9 Woolworths (W.A.) .. 6 10 0 AUCKLAND Sales on 'Change £ s. d. 4 p.c. Ins. Stock. 1943-46 103 5 0 4 p.c. Ins. Stock, 1952-55 105 5 0 Commercial Bank of Australia 0 17 6 Broken Hill Pty. 3 19 6 Colonial Sugar 47 0 0 Farmers' Fertiliser 10 9 Radio (1936) 13 0 Taranaki Oil 0 7 2 0 6 6 Mount Morgan 0 11 2 0 11 1 Unofficial List McKenzic's 4 7 6 Waikato Carbonisation 95 10 0 WELLINGTON Sales on 'Change £ s. d. Colonial Sugar 47 5 0 Shillings. Ltd. 0 19 9 (Both late Saturday). Ins. Stock, 4 p.c, 1955 105 5 0 105 2 6 Rotoitl Timber 0 4 9 British Tobacco » .. 2 9 6 Broken Hill Prop. .. 3 17 3 3 17 0 Colonial Sugar .. 47 5 0 G. J. Coles 4 17 3 G. J. Coles (odd lot) 4 16 0 Mount Lyell 2 2 6 Unofficial List Dominion Life Assur. (6s paid), (late Saturday) 0 3 8 DUNEDIN Sales on 'Change £ s. d. Nokomai 0 2 3 N.Z. Refrigerating (con.) (2) 0 9 11 Woolworths (Sydney) 6 14 0 Mount Morgan 0 11 0

Morning Sale* £. s. d. Comm. Bank of Sydney 21 4 2 16 3 18 1 15 1 3 2 15 2 16 1 0 4 17 0 17 1 10 0 3 3 Tooths Brewery Broken Hill Fty. a n Burns, Phllp (rights) Dunlop Perdriau Electrolytic Zinc Electrolytic Zinc (pref.) General Industries G. J. Coles James Stedman 6 4i 3 3 0 Morris Hedstrom Afternoon Sales Bank of New South Wales 33 0 0 National Bank (£5 paid) 7 0 0 0 Union Bank 0 17 Associated Newspapers 1 2 ivi Associated Newspapers (pf.) .. 13" u Colonial Sugar 47 12 6 Adelaide Steam 1 12 Burns, Philp •• ., 1 15 B Tooths Brewery (N.Z. dellv.) 2 16 0 Carlton Brewery 3 3 6 G. J. Coles 4 16 9 Dunlop Perdriau 1 2 iuj Dunlop Perdriau (pref.) 1 18 " a Wilcox, Mofflin 0 13 iu Morris Hedstrom 19" V Greater J. D. Williams 0 6 0 Henry Jones 2 8 0 Electrolytic Zinc 2 15 3 Farmers 1 14 3 Anthony Hordern Morts Dock (N.Z. delivery) 0 19 . 11 7 u 0 Mauri Bros. 3 12 0 Cash Orders 0 18 u Malleys 1 3 0 Hume Pipe Kandos Cement 1 0 4i 1 5 9 Mount Morgan Mount Lyell 0 11 2 2 2 9 Broken Hill Propty. North Broken Hill 3 17 9 3 14 0 Rawang Tin 0 11 11 Emperor Gold 0 13 9

National Bank (£5 paid) ..7 2 0 National Bank (£10 paid) .. 14 12 0 British Tobacco 2 9 6 G. J. Coles .. 4 16 0 Dunlop Perdriau ..12 7 Goldsbrough, Mort .. 1 14 0 General Motors 15 0 Felt and Textiles ..2 0 0 Yarra Falls ..2 0 3 Jason Investment Trust .. 0 10 6 Electrolytic Zinc .. 2 14 6

£ s. d. Electrolytic Zinc (pref.) .. 2 16 3 Mount Morgan .. 0 11 2 Mount Lyell 2 2 9 Broken Hill Prqpty. North Broken Hill 3 16 6 3 14 0 South Broken Hill 2 7 9 Emperor; Gold 0 13 10 Loloma . • ... 13 0