THE STOCK EXCHANGES

Press, Volume LXXIII, Issue 22251, 16 November 1937, Page 11

THE STOCK EXCHANGES

MARKETS REMAIN QUIET

PRICES GENERALLY MAINTAINED

Markets were quiet on the Christchurch Stock Exchange yesterday with dealings restricted. There were a number of price movements, but levels were generally well maintained.

UNLISTED STOCKS

AUCKLAND Sales on 'Change

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.

DEALINGS COMPLETED

Government New Zealand Government 4 per cent, stock, due 1946, changed hands at £lO3, and more was wanted at that price. National Bank of New Zealand had dealings at prices ranging from 58s 6d to 57s 6d, market closirig 58s buyers, 59s sellers. Bank of New Zealand were firmer on buyers' offers, 445. New Zealand Refrigerating 10s paid were fractionally firmer with buyers and dealings at 9s 9d. sellers at 9s 10d.- Christchurch Gas shares had business at 26s 9d, and further buyers at 26s 6d failed to attract sellers. New Zealand Breweries were firm with sellers and dealings at 48s 9d. buvers at 48s 6d. Miscellaneous , British Tobacco relapsed to 49s 2d and 49s 3d closing quotations 49s Id buyers, 49s 5d sellers. Broken • Hill Proprietary were firmer with dealings at prices ranging from 63s 6d to 63s lOd, closing quotations 63s buyers, 63s 3d sellers—the "rights" eased to 28s lid and 28s lOd and more were offered at 28s 6d, buyers at 28s. Dunlop Rubber were firmer on buyers' offers, 22s 7d. Electrolytic Zinc advanced to 48s 9d. and 48s lid. but closed with sellers at 48s sd. G. J. Coles relapsed to 91s 3d and closed with sellers at 91s, buyers at 90s 3d. Woolworths, Sydney, ordinary were weaker with dealings at prices ranging from 29s to 28s Bd, and there were further sellers at the lowest price, buyers at 28s sd. Mining' Broken Hill South, cum dividend, eased to 38s, buyers staying in at that price, sellers at 38s sd. Mount Lyells were fractionally weaker with dealings at 35s lOd. and further sellers at 35s Bd, buyers at 35s 7d. Mount Morgans showed an easing tendency with dealings at lis 7d and lis 6d, and further sellers at the lowest price. Rawang Tin were firm at 10s 4d, and further buyers at 10s 3d failed to attract sellers.

Miscellaneous I

WELLINGTON Sales on 'Change

SYDNEY The Sydney Stock Exchange yesterday was dull, but without appreciable change in the absence of news of overseas trends. Morning Sales

MELBOURNE The market yesterday was generally quiet, with only minor price,fluctuations. A definite lead from overseas is awaited. Barriers were inclined to firm.

SYDNEY WOOL SALES

MARKET REMAINS FIRM

FAULTY TYPES IRREGULAR

(UNITED press association—copyeight.)

SYDNEY. November 15,

At the wool sales 10,979 bales were offered, 8400 sold at auction, and 674 privately. The market was firm for all good wools at the closing rates of last week. Short and faulty descriptions, however, continued irregular, and were difficult to sell. Competition came mainly from the Continent and Yorkshire. Greasy merino made to 26d.

The average price of wool last week was £l6 18s 3d a'bale, or 13.3d per lb.

LISTED STOCKS Sales on 'Change -P « i\ £600 N.Z. Govt. 4 p.c. Ins., Xi o. u, 1946 .. •• : 103 0 0 150 Natl. Bank of N.Z. (3) 2 18 6 200 N.Z. Refrig. (10s pd.) (2) 0 9 9 100 Christchurch Gas. .. 1 6 9 100 N.Z. Breweries (2) 2 8 9 100 Broken Hill Pty. (cum div.) 3 3 3 100 Broken Hill Pty. (rights) 1 8 11 50 Electro. Zinc, (ord.) .. 2 8 9 50 G. J. Coles (2) 4 11 3 500 Woolworths (Syd., ord.) <3> 1 9 0 18 9 ' 1 8 8 100 Broken Hill South (cum div.) (2) 1 18 0 100 Mount Lyell (cum (div.) (2) 1 15 10 200 Mount Morgan 0 11 7 0 11 6 200 Rawang Tin (2) 0 10 4 Sales Reported 200 Natl. Bank of N.Z. 2 18 3 2 18 0 2 17 6 150 British Tobacco 2 9 2 (2) 2 9 3 350 Broken Hill Pty. (2) 3 3 3 (2) 3 3 9 3 3 10 200 Broken Hill Ply. • rights) 1 8 10 50 Electro. Zinc. ' (ord.) 2 8 11 200 Woolworths (Syd., ord.) <2> 1 9 0

Buyers. Sellers. £ S. d. £ s. d. N.Z. Govt. Debentures 3J p.c. Ins., 15/3/39-43 — 101 7 6 3J p.c. Ins., 1938-52 (ex interest) — 103 0 0 4 p.c. Ins., 1943-46 103 0 0 — 4 p*.c. Ins., 1952-55 .. 104 17 6 — 4 p.c. Bonds, 1946 and 1949 103 0 0 — 4 p.c. Bonds. 1955 105 2 6 — Rural Bonds, 5 p.c, 15/9/47 .. 102 0 0 — Other Debentures Ashburton Electric, 44 p.c, 1/2/64 .: — 105 0 0 N.Z. Refrig.. 4J p.c, 1940-45 102 2 6 — W. R. Cooke and Son —' 100 0 0 Banks Australasia (£5) 11 0 0 — Comm. of Aust. (10s) 0 17 1 0 17 2 Comm. of Aust. (pref., £10) 9 11 0 9 16 0 Comm. of Sydney (£12 i 10s) ■ — 21 7 6 Natl, of A/asia. (£10 paid) 14 7 6 — Natl, of A/asia. (£5 paid) 7 3 6 7 8 6 Natl, of N.Z. (£2 10s) 2 18 0 2 19 0 N.S.W. (cum div.. £20) — 33 15 0 Union (£5) " — 9 11 0 N.Z. (cum div., £1) .. 2 4 0 2 5 6 . Insurance k Merc. Mutual (16s pd.) — 1 11 3 Natl, (cum div., 7s pd.) — 0 18 0 Standard (£1) — 3 2 0 Loan and Agency Dalgety and Co. (£5) 9 17 6 — Goldsbrough, M. (£1) 1 13 3 1 13 9 N.Z. Guar. Corp. (3s) 0 4 5 0 4 8 United Building (£1) 1 0 6 — Wright, Stephenson (£1) 1 0 3 — Wright, Stephenson (pref., £1) 1 0 3 1. 1 3 Newton King (pf., £1) 0 8 6 — Shipping Devonport Ferry (£1) — 0 19 9 Huddart Parker (£1) 2 2 0 — Union (pref., £1) .. 1 6 6 — Frozen Meat Cantby. (£7 10s pd.) .. 10 15 0 11 0 0 Gear (10s) — 0 18 0 N.Z. Refrig. (£1 pd.) 0 19 9 1 0 0 N.Z. Refrig. (10s pd.) 0 9 9 0 9 10 | Woollen s Kaiapol (17s paid) — 0 13 0 Kaiapoi (7s paid) 0 4 0 0 5 0 Timaru (£1) — 0 16 0 Coal Pukemiro (£1) 0 16 0 — Westport (10s) 1 3 0 — Stockton (10s) ,0 2 4 0 2 6 Stockton (pref., 10s) .. 0 4 10 . — Kaitangata (£1) 1 3 9 — Gas Christchurch (£1) 1 6 6 — Christchurch (con., 10s paid) — 0 13 6 Brevveri es Dunedin (£1) 1 10 0 1 11. 0 New Zealand (£1)' .. 2 a 6 2 8 9 Tooths (£1) 2 13 9 2 14 2, Tui (cum div., £1) .. — 2 15 0 Timaru (in liqdn.) 0 0 9 —

Anthony Hordern (£1) 0 18 4 0 18 8 Aust. Foundation Inv. -— 0 5 9 Aust. Foundation Inv. (rights) — 0 0 5 Aust. Glass (cum div., £1) — 4 12 0 British Tobacco (£ 1) 2 9 1 2 9 5.| Broken Hill Prop, (cum div., £1) 3 3 0 3 3 3 Broken Hill (rights) .. 1 8 3 1 8 6 Colonial Sugar (£20) 46 0 0 46 17 6 Consolid. Brick (£1) 0 8 1 0 8 8 Cox Bros. (5s) 0 15 6 ■— Domin. Builders (10s) — 0 4 0 Dunlop Rubber (£1) 1 2 7 1 2 9 Electro. Zinc (ord., £1) 2 8 0 2 8 5 Electro. Zinc (pf., £1) 2 9 6 2 10 3 Evans Atlas Flour (10s) 0 19 0 '_ G. J. Coles (£1) .. 4 10 3 4 11 0 General Indust. (12s 6d) — 0 19 2 Glenmore Brick and Tile (pref., £1) — 1 0 0 Hay's, Ltd., (con., 15s paid) ..' — 0 15 6

, Buyers. Sellers. £ s. d, ,£ i.. d. Humo Pipe (Aust.), (£1) 0 19 11 10 0 Kauri Timber (cum div., 25s) 12 9 13 3 McKenzie's Department Stores (cum div. and rights, £1) — 4 9 0 N.Z. Drug (£2) — 3 14 3 N.Z. Farmers' Co-op. (£2 10s paid) . — 0 16' 0 N.Z. Farmers' Co-op. (1st pref.. £5) 3 6 G — N.Z. Farmers' Co-op. ("A" pref.. £4) — 2 2 G N.Z. Farmers' Co-op. ("B" pref., £4) — 1 19 0 N.Z. Farmers' Co-op. (4". p.c. Stk., 14/7/39, 1940 and 1945, £100) — 92 0 0 N.Z. Farm. Fert. (£1) — 10 4 N.Z. Newspapers (16/8) 1 17 0 1 18 0 Procera Bread (10s) .. 0 11 0 0 17 6 Quill, Morris (1936). (£1) 0 17 0 0 18 0 Shillings (cum div., and rights, £1) — 0 19 3 Taranaki Oil. (24s 7d) 0, 5 10 0 6 1 Waldas Shoes (£1) .. • — 0 12 9 Wilcox, MofHin (lis) 0 10 6 0 11 (> Wilson's Cement (10s) — 10 0 Woolworths (N.Z.), (ord., cum div. and rights, £1) 5 4 0 Woolworths (Syd.), (ord., £1) 18 5 18 8 Overseas Listing Woolworths (S.A.). (ex div., Gs) 0 13 4 0 14 0 Alining Alexander (£1) — 0 11 3 Alexander (las paid) — 0 10 0 Ai-go (Is) o l a 0 1 10 Barry town (£1) 1 3 0 1 10 0 Big River (Is) — 0 1 6 Gillespie's Beach (Is) — 0 1 34 Golden Dawn (5s) 0 1 (i 0 2 6 Golden Sands (cum div.. Is) () 1 7 Grey River (7s Cdpd.) 0 9 3 0 9 8 Mataki (2s) — 0 0 8 Mossy Creek (Is) 0 0 10 — Ncmona (Is) 0 1 7 Skippers (Is) — 0 0 21 Waimumu Sluic. (Is) — 0 0 8 Waitahu (5s) — 0 16 Worksop Extend. (Is) 0 0 10J 0 12 Australian Mining Broken Hill Sth. (cum div., 5s) 1 18 0 1 18 5 Mount Lyell (cum div.. £1) 1 15 7 1 15 8 Mount Morgan (2s 6d) 0 11 5 0 11 6 Nth. Broken Hill (5s) 2 11 3 2 12 0 Rawang Tin (10s) 0 10 3 Wellington Alluv. (2s) 0 5 6

Buyers. Sellers. £ s. d. £ s. d. Alloy Steel (N.Z.) .. — 0 19 6 Arahura (15s paid) .. — 12 0 Assoc. Motorists* Petrol (pref.) — 19 6 A.P.A. 0 11 0 Ballins Breweries (15s paid) — 0 13 9 Carbonic Ice 1 2 0 Mount Cook Tours '.. 0 3 0 0 6 6 National Tobacco 3 5 0 New River 0 0 6 Selfrldges (A/asia.) .. 19 0 Selfrldges (W.A.), (10s paid) 0 10 0 0 17 0 Wool worths (W.A.) .. 5 15 0 Westland Breweries .. 1 17 0 Westland Breweries (con.) 0 17 0

lOd. and further sellers at 35s yers at 35s 7d. Mount Morgans d an easing tendency with dealt lis 7d and lis 6d, and further at the lowest price. Rawang Tin irm at 10s 4d, and further buyers 3d failed to attract sellers. LATEST QUOTATIONS New Zealand Insurance Kauri Timber Dominion Breweries Broken Hill Pty. (rights) Dunlop-Perdriau .. Golden Grown Unofficial List 1 N.Z. Perpetual Forests £ 3 1 2 '. 0 . 2 s. d. 5 0 3 0 0 6 9 41 9 0 8 9 8 11 8 9 2 8 4 2 2 6

£ s. d. E., S., and A. Bank (3) 5 12 0 Dominion Breweries .. 2 0 6 Dunlop -. 1 2 1 2 1 7 t N.Z. Paper Mills 0 Broken Hill (rights) .. 1 9 9 McKenzie's (odd lot) 4 9 6 (All late Staurday) N.Z. Govt. 31 p.c. Stock, 1957 98 17 6 Wellington Harbour Board, 5J p.c, 1940 101 10 0 Bank of New Zealand ■ 2 4 5 Gear meat (2) 0 17 0 Kelburn Tramway (ord.) 1 1 6 Kauri Timber (2) 1 3 0 Colonial Sugar 46 17 6 New Zealand Breweries 2 8 6 Wool worths, Ltd. •• 1 8 8 DUNEDIN Sale on 'Change d. 6 G. J. Coles £ s. 4 11 Sales Reported Martha Gold (late Saturday) .. 0 14 0 Argo 0 1 9 Dunlop Rubber 1 2 10 Mount Morgan 0 11 6

£ s. d. Bank of New South Wales 33 5 0 Tooheys 1 12 3 British Tobacco 2 9 9 Broken Hill Pty. • 3 4 3 Broken Hill Pty. (rights) 1 9 li Burns, Phllp (ex div.) 2 17 0 Colonial Sugar 47 2 6 Howard Smith 1 1 4i Hume Pipe 1 0 3 Afternoon Sales Commercial Bank of Sydney .. 21 8 0 National Bank (£5 paid) 7 6 0 Associated Newspapers 1 3 4 British Tobacco 2 9 9 Tooth's Brewery » .. 2 14 9 Toohey's Brewery 1 12 0 Carlton Brewery 3 5 0 Dunlop-Perdriau 1 3 0 Anthony Hordern 1 3 0 General Industries 0 19 3 Kandos Cement 1 4 0 Morts Dock ... 0 10 9 Westinghouse 1 2 6 Sargents 1 11 0 Newcastle Gas B and C 0 12 0 J. Fielding 4 10 0 Hackshalls (ex div.) 0 13 6 Australian Wood Pipe 0 7 7 Nestles (pref.) 1 15 3 United Provisions 0 7 0 Goldsbrough, Mort 1 14 0 Wilcox, Mofflin .. .. 0 11 4 Millaquin Sugar 1 18 0 Electrolytic Zinc 2 9 0 Mount Morgan 0 11 10 Mount Lyell 1 16 li Broken Hill Pty. 3 4 3 New Broken Hill Consolidated . 0 14 3 North Broken Hill .. 2 14 3 Rawang Tin 0 10 7 Taranaki Oil 0 6 0

Sales: — £ s (j Commercial Bank of Australia 0 17 4 National Bank (£10 paid) 14 12 0 G. J. Coles 4 11 9 Australian Glass 4 11 6 Dunlop-Perdriau 1 3 0 Dunlop-Perdriau (pref.) 1 16 0 Hume Pipe 1 0 4 Australian Foundation Investment Trust 0 5 10 Australian Paper Mfrs. 0 10 0 Australian . Paper Mfrs. (pf'.j 0 14 0 Felt and Textiles 1 15 10J Electrolytic Zinc (pref.) 2 11 3 Mount Lyell 1 16 3 Broken Hill Pty. 3 4 0 North Broken Hill 2 12 6 South Broken Hill 1 18 9 Emperor Gold 0 12 9 Loloma .. .. 0 17 9