THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22304, 19 January 1938, Page 11

THE STOCK EXCHANGES

MODERATE TURNOVER

PRICE MOVEMENTS IRREGULAR

Turnover on the Christchurch Stock Exchange yesterday was moderate, but business was well spread. Prices moved irregularly.

DEALINGS COMPLETED LISTED STOCKS Sales on ’Change £ s, d. 300 Comml. Bank of Aust. (cum div.) (3) 017 0 100 Goldsbrough. Mort .. IJI 11 50 Aust. Glass .. 413 3 5 Colonial Sugar .. 46 15 0 50 Electro. Zinc (pref. ) .. 2 1111 225 G. J. Coles (cum div.) 4 5 0 4 5 6 (3) 436 400 Woolworths, Limited (ord.) .. .. 15 8 I 5 7 1 5 6 1 5 5 100 Broken Hill South .. 1 17 0 350 Mount Lyell (5) 113 10 1 13 6 1500 Mount Morgan 0 10 0 (9) 0 10 1 0 10 li 0 10 1 Sales Reported 600 National Insurance .. 0 17 0 50 Standard Insurance (late sale Mon.) 2 19 0 200 N.Z. Refrig. (10s paid) (cum div.) .. 0 9 2 100 Woolworths (N.Z.) lord.) .. 10 9 100 Mount Morgan .. 010 1 Banking Commercial Bank of Australia were firm with buyers and dealings at 17s, sellers at 17s Id. National Insurance were fractionally firmer at 17s, sellers staying in at that price, buyers at 16s lOd. Buyers of New Zealand Insurance raised their bids to 62s 9d without attracting sellers. A late sale of Standard Insurance on Monday was reported at 595. Goldsbrough. Mort were easier with business and sellers at 31s lid, buyers at 31s 9d. N.Z. Refrigerating (10s paid) (cum div.) were firmer with buyers and business at 9s 2d. Sellers of Carlton Brewery entered the list at 66s 6d, but buyers were reticent. Tooths Breweries were firmer on buyers’ offers, 555. Miscellaneous Australian Glass were fractionally firmer at 33s 3d, closing quotations 3d on either side. Broken Hill Proprietary were weaker with sellers at 635. Colonial Sugar changed hands at £4B 15s. and more were offered at that price. Electrolytic Zinc (pref.) were fractionally weaker at 51s lid, closing quotations Id on cither side. G. J. Coles on (he morning call changed hands at 83s and 85s 6d: on the afternoon call dropped to 83s 6d, sellers slaying in at the lowest price: buyers at 83s Id. N.Z. Drug Company wore weaker with sellers at 70s. ißuyers’ offers for N.Z. Fanners’ Co-op. Stock revealed a firmer market. Woolworths had dealings at 25s Bd, 25s 7d, 25s 6d, 25s sd, market closing 25s 4d buyers, 25s 6d sellers. Woolworths (N.Z.) were firmer with sellers and business at 20s 9d. Mining Broken Hill South rose to 375, but closed with sellers at 3Cs 6d, buyers at 36s 3d. Mount Lyells were stronger at 33s lOd and 33s 6d. Mount Morgan were a shade stronger at 10s to 10s Hd, market closing 10s buyers. 10s lid sellers.

Buyers. Sellers. £ s. d. £ s. d. N.Z. Farmers' Co-op. (4J p.c. Stock, 1840 £100) .. 92 15 0 N.Z. Farmers’ Co-op. m p.c. Stock. 1945, £100) .. 93 0 0 98 10 0 N.Z. Farmers’ Fert. (£1) N.Z. Newspapers (16/8) 118 3 2 0 0 N.Z. Paper Mills (£1) Radio (1936). (10s) 110 14 0 Olympic Tyre (20s paid) ..2 7 6 —- Standard Cement (£1) 0 18 0 Simpson and Williams (£1) 1 10 0 Taranaki Oil. (24/7) 0 6 6 0 611 United Provisions (£1) 0 6 3 Whitcombe & Tombs (£2 10s paid) .. 3 3 0 Wilcox. Mofflin (11s) 010 9 011 2 Wilson’s Cement (10s) 017 6 Woolworths (N.Z.) (ord., £1) 1 0 9 Woolworths (N.Z.) (pref., £1) .. 1 17 6 W. R. Carpenter (£1) 260 273 Woolworths (Sydney), (ord., ss) ..154156 Oversea Listing Woolworths (S.A.) (ss) 014 5 014 7 Mining Alexander (£!) .. -- 0 11 0 Argo (Is) .. 0 1 II Argo (6d paid) .. 0 13 Barry town (£1) .. 1 10 0 Big River Us) .. Oil 015 Blackwater (£1) Austral N.Z. Min. (13s paid) .. 0 |3 6 Gillespie’s Beach (Is) 0 13 Golden Dawn (ss) 0 2 6 Goldfields Dredg. (Is) 0 0 1J —- Grey River (8s 9d pd.) 011 5 011 7 Maori Gully (Is) 0 0 41 Moonlight Gold. (Is) 0 0 41 0 0 6i Ncmona (Is) .. 0 17 Nokomai (5s l .. 0 2 3 Skippers (Is) —• 0 0 24 Waihi Grd. June. (3s) 0 210 0 3 0 Waimumu Slulc. (Is) 0 0 7 Waltahu (ss) 0 16 Worksop Extend. (Is) 0 011 0 14 Australian Mining Broken Hill Sth. (ss) 116 3 116 6 Mount Lyell (£1) .. 113 5 113 6 Mount Morgan (2/6) 010 1 010 1J Nth. Broken Hill (ss) 216 6 217 0 Rawang Tin (10s) 0 9 9 010 1 Wellington Alluv. (2s) 0 5 7 Zinc Corpn. (£1) .. 417 6 UNLISTED STOCKS All transactions in stocks quoted i« this I 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.) .. 010 11 Arahura 0 18 6 British. Standard Insurance (10s pd.) .. 0 3 0 Coulls, Somerville .. 014 0 nls 6 Kanleri .. Mt. Cook Tourists .. 0 5 0 New River .. 0 0 31 Sclfrdiges (A’asia.) Selfridges (N.Z.), (14s paid) .. 0 14 0 Smith Wylie 0 9 0 Westland Breweries (contr.) .. .. 10 0 WELLINGTON Sales on ’Change £ s. d. Woolworths, Ltd. (Ist pref.) .. 22 0 Woolworths, Ltd. (ord.) .. 15 7 (Both late Monday.) Ins. Stock, 1938-52. 31 p.c. .. 101 10 0 Wellington City Council, 41 p.c., 1953 .. .. 106 0 0 Natl. Bank of A’asia. (£lO pd.) 14 9 0 Bank of New Zealand (2) 2 4 3 Commercial Bank .. .. 0 17 0 N.Z. Breweries, Ltd. .. .. 2 7 0 Mount Lyell .. .. 113 9

AUCKLAND

Sales on 'Change £ s. d. Ins. Stock, 1963-57, 3i p.c, .. 97 5 0 Ins. Stock,- 1943-46, 4 p.c. .. 103 2 6 Ins. Stock, 1946-49, 4 p.c. ..103 2 6 Ins. Stock, 1952-55, 4 per cent. .. 103 2 6 Hamilton Borough, 1964, 41 per cent. .. .. .. 105 0 0 Waltemata City, 1941. 41 per cent. .. .. 101 5 0 Bank of New Zealand ... 246 (2) 2 4 3 South. British •• 2 8 8 Domin. Invest, and Bank .. 0 19 6 Traders’ Finance (con.) .. 0 4 6 Auckland Gas .. • • 1 0 8 N.Z. Breweries .. • • 2 7 0 Colonial Sugar .. .. 46 15 0 Dunlop Perdriau .. •• 13 3 Taranaki Oil .. • • 0 7 0 Woolworths (N.Z.) .. .. 10 9 W. R. Carpenter .. •• 2 7 3 Broken Hill South .. • • 116 3 Mount Lyell .. • • 113 3 Mount Morgan .. (3) 010 1

DUNEDIN sale* on 'Change £ s. d. Broken Hill Pty. - .. .. 3 3 0 Woolworths (Sydney) .. 15 8 Mount Morgan .. .. 0 10 1 Sales Reported Mount Lyell (late Monday) .. 1 13 6 Bank of New South Wales .. 33 5 0 National Insurance .. .. 0 17 0 0 17 1 N.Z. Refrigerating (cont.) 0 9 3 Westport Coal .. .. 13 6 Mount Morgan .. .. 0 10 0 SYDNEY On the Sydney Stock Exchange yesterday business was well distributed, but there was little departure from the re-cently-improved rates for Industrial Issues. Colonial Sugars continued to drift. Sales:— £ s. d. Bank of New South Wales .. 33 35 0 Comm. Bank of Sydney .. 20 18 0 Queensland National Bank .. 5 4 0 Colonial Sugar .. 47 0 0 Huddart-Parker (N.Z. delivery) 2 3 6 Burns Philp .. .. 2 16 0 Dunlop-Perdriau .. .. 1 3 loi G. J. Coles .. .. 4 5 3 British Tobacco .. .. 2 10 3 Tooths ~ ~ .. 2 16 0 Tooheys .. ~ .. 1 10 9 Anthony Hordern .. .. 0 19 0 James Stedman .. .. 0 15 6 Claude Neon (N.Z. delivery) .. 210 9 General Industries .. .. 1 1 3i Hackshall .. .. 0 13 9 Woolworths . .. .. 1 5 101 Australian Gypsum .. .. 119 Morts Dock .. .. 0 11 6 Felt and Textiles (new) .. 1 17 6 Producers and General 0 9 6 R. Fowler .. .. 0 12 4 Wilcox, Mofflin .. .. 011 0 Henry Jones .. 2 9 6 Mount Morgan .. .. 010 3 Electrolytic Zinc .. .. 210 0 Sulphide Corporation .. 012 0 Broken Hill Pty 3 4 0 North Broken Hill .. .. 217 3 South Broken Hill .. .. 1 16 6 Zinc Corporation .. .. 5 116 Rawang Tin .. .. 0 10 0 Emperor Gold .. .. 0 13 2 MELBOURNE £ s. d. Sales I . Comm. Bank oi Australia ~ 0 17 3 National Bank (£5 paid/ .. 7 4 0 National Bank (£lO paid) .. 14 11 0 G. J. Coles .. .. 4 5 0 Drug Houses .. .. 15 6 Dunlop-Perdriau .. .. I 3 10 Electrolytic Zinc (pref.) .. 213 0 Mount Morgan .. .. 0 10 1 Mount Lyell .. .. 1 14 0 Broken Kill Ply 3 3 9 North Broken Hill .. .. 2 17 3 South Broken Hill .. .. 1 16 9 Emperor Gold .. .. 0 13 1 Loloma .. .. .. 0 18 6 LONDON EXCHANGE QUIET LONDON, January 17. Owing to the French situation, there was no great activity on the stock exchange yesterday, but gold mines were firmer. BRITISH WAR LOAN (BRITISH OFFICIAL WIRELESS.) RUGBY, January 17. War Loan, 3i per cent., is quoted at £lO2 10s.

LIVE STOCK SALES

RANGIORA .Except in the cattle section: where only one animal was entered, there were better yardlngs at the weekly stock market In Rangiora yesterday than at previous sales this year. Good prices were realised for sheep, but there was a fall in the demand for pigs, which brought up to 3s a head less than last week. Fat ewes brougnt from 14s to 21s. fat wethers from 24s lOd to 26s lOd, wether hoggets 19s. rape lambs from 18s to 18s 3d. and aged ewes and lambs (all counted) 8s 7d. In the pig section, porkers made to 52s fid, slips from 21s fid to 24s fid, good weaners from 15s fid to 19s fid, and small weaners from 11s fid to 14s. A dairy cow realised £8 10s. - TINWALD There was a good yarding of fat ewes at the Tinwald stock sale held yesterday, i The top price for fat ewes was 20s Id for j a line of 10 sold on account of W. Lill I (Lagmhor). In the fat wether section the • good price of 28s 7d was obtained for a . line of seven sold on account of a client. ! Fat lambs sold well, the prices being j slightly in advance of schedule x-ates. The top price of 24s lOd was secured for a line of 40 prime-conditioned lambs sold on account of Small Bros., Wheatstone. Sales were:— Fat Ewes—On account J. Waller (Scafleld), 8 at 18s lOd to 19s lOd: Derrylin Estate (Pendarvls), 12 at 14s Id to 15s 4d: Johnston Bros. (Seafield), 25 at 13s 4d to 17s 4d; G. Brown (Seavlew), 9 at 14s lOd: W. B. Bryant (Flemington), 17 at 14s lOd to 15s 7d; J. W. Ownsworth (Lowcllffe), 9 at 15s Id to 17s Id; W. Lill (Lagmhor), 10 at 20s Id; W. McKeage (Coldstream). 18 at 14s lOd to 18s 4d; W. Merrln (Tinwald), 6 at 14s 4d; F. Vessey (Tinwald), 35 at 14s lOd to 16s 7d; A. R. Thomas (Willowby), 22 at 14s Id to 16s 10d; W. A. Read (Waterton), 50 at 14s 7d to 17s 10d; J. Whearty (Eiffelton), 30 at 15s 7d to 16s 7d; O. J. McOougall (Lismore), 5 at 15s 4d; clients, 105 at 12s 7d to 18s 4d, 40 at 14s sd. Pat Wethers—On account Clucas Bros. (Newlands), 1 at 19s fid; O. J. McDougall (Lismox-e), 1 at 23s 3d; client, 7 at 26s 7d. Fat Lambs—On account Clucas Bros. (Newlands), 4 at 21s 4d; Miss V. Lovett (Flemington), 1 at 23s 3d; W. Mcrrin (Tinwald). 3 at 235; G. Leadley (Elgin), 8 at 22s lOd to 23s 4d; Miss Sewell (Tinwald). 1 at 24s 3d; Bruce Small (Wheatstone), 1 at 24s 3d; Small Bros. (Wheatstone), 92 at 24s 4d to 24s lOd; J. Small (Wheatstone), 56 at 24s 4d; P. McClay (Ruapuna), 21 at 22s 4d; clients, 4 at 21s fid to 23s Id; J. W. Ownsworth (Lowcliffe). 56 at 21s: A. G. Field (Hinds), 137 at 20s lOd to 21s lid, 100 at 17s 8d; J. H. Harper (Willowby), 41 at 23s lOd, 68 at 23s sd. Cattle—Thi'ee fat heifers at £6 2s 6d to £6 10s, 4 fat cows at £4 5s to £6 10s, cow in calf £3 12s fid. Store Sheep—On account of clients. 250 rape lambs at'l7s 7d, 150 at 17s 9d, 171 at 17s 6d, 139 at 16s 10d; G. Stevenson (Oamaru). 315 two-tooth wethers at 18s lOd, 194 at 17s lid; D. Johnston (Ruapuna), 80 m.s. lambs at 18s Id; T. M. McClay (Ruapuna), 219 m.s. lambs at 19s 7d. LORNEVILLE (FBISS ASSOCIATION TXLSCBAU.) INVERCARGILL, January 18. After a firm opening, values for fat sheep at the Lorneville stock sale today showed a gradual decline until at the end of the sale ewes wpre 4s cheaper than In the opening stages. Wether values also dropped, but no* to the same exI tent. Fat lambs were a little below schedule because local buyers were not operating on account of the congestion at the works, and the bulk of the yarding was secured for Burnside. Fat cattle were, easier by about 15s a head. Values were: Fat Sheep—Good quality wethers from 27s to 28s 6d. medium 25s to 26s fid, light weights 23s to 245. unfinished 19s to 21s. 1 prime young maiden ewes 24s fid. prime heavy-weights 20s to 225, fair quality 16e fid to 18s fid, light and unfinished from 12s to 14s, heavy butchers’ lambs to 265, good fx-eezing weights 23s to 23s 9d, medium 21s 6d to 22s 3d, lighter sorts 19s 6d to 20s 6d. Fat Cattle—Good medium-weight bullocks from £lO 10a to £ll X7s 6d, handyweights £9 10s to £lO, lighter weights £8 10s to £9, good medium-weight heifers up to £8 2s 6d. handy-weights £7 to £7 10s, light weights £5 15s to £6 10s, prime cows £8 to £8 15s. medium £6 15s to £7 10s. ordinary £5 10s to £6 ss, and unfinished £3 5s to £4. PRICE OF SILVER (B&ITIBB OrriCIAL WPUUBB.) RUGBY. January 17. Spot silver is quoted at' 19 15-16 d a fine ounce and forward atj 198 d.

LATEST QUOTATIONS Buyers. Sellers. £ s. d. N.Z. Govt. Debentures £ S. d. 3J p.c. Ins. 1938-52 and 1939-52 101 0 0 3J p.e. Ins., 1953-57 — 100 0 0 4 p.c. Ins.. 1943-46 103 2 6 103 17 6 4 p.c. Ins., 1946-49 103 5 0 — 4 p.c. Ins.. 1955 103 0 0 103 10 0 4 p.c. Bonds, 1946 and 1949 103 10 0 Rural Bonds, 5 p.c.. 15/9/47 102 0 0 — Banks Comm, of Aust. (cum dlv., 10s) 0 17 0 0 17 1 Comm, of Aust. (pref., £10) 9 13 6 9 14 0 Comm, of Sydney (£12 10s) 20 10 0 20 17 6 Natl, of N.Z. (£2 10s) 2 12 3 2 14 0 N.S.W. (£20) 33 0 0 — New Zealand (£1) 2 4 3 2 4 5 N.Z. (mort - shares, £1) 19 6 1 10 6 Union (cum div. and bonus, £5) 9 5 0 10 5 0

Insurance National (7s paid) 0 IS in 0 17 0 N.Z. (cum div., £1) 3 2 .0 — South British (10s pd.) 2 8 3 2 9 3 Loan and Agency Dalgety and Co. (£5) 8 2 6 8 15 0 Goldsbrough, M. (£1) 1 11 9 1 11 11 Mutual Benefit (£10) 13 7 6 — Natl. Mort. "A” (£2) — 2 9 6 N.Z. Guaran. Corp. (3s) 0 4 3 0 4 6 United Building (£ 1) 1 0 7 1 1 3

Shipping Huddart-Parker (£1) .. 2 3 0 P. and O. Def. Stk. (£1) .. 1 7 9 — Frozen Meat Cantby. (£7 10s paid) 9 15 0 10 15 0 Gear (10s) .. 0 15 0 0 17 0 N.Z. Refrig. (£1 pd.) — 1 0 6 N.Z. Refrig. (10s paid) 0 9 2 0 9 6

Woollens Felt and Textiles (£1) 1 3 9 Kaiapoi (17s paid) 0 11 6 0 12 9 Kaiapoi (pref., 17s) .. — 0 17 2 Coal Westport (10s) 1 3 9 Stockton (10s) 0 2 10 •— Stockton (pref., 10s) .. 0 5 9 0 6 0 Kaltangata (16s paid) 1 4 6 1 9 0 Gas Auck. (cum div., £1) 1 1 6 Christchurch (£1) 1 7 0 — Ch.Ch. (10s paid) 0 13 0 0 13 9 Breweries

Carlton (£1) 3 6 6 New Zealand (£1) 2 6 9 2 7 3 Swan (cum div., 5s) 1 8 3 Tooheys frights, 16s) 0 4 6 0 6 6 Tooths (£1) 2 15 0 2 15 4 Miscellaneous Amalg. Wireless (con.. 14s paid) 2 10 0 Anthony Hordern (£1) 0 18 7 0 18 10 Aust. Glass (£1) • 4 13 0 4 13 6 Aust. Iron and Steel (pref„ £1) 1 7 0 _ Beath and Co. (£1) .. 0 19 0 — Beath and Co. (Is pd.) 0 1 1 __ British Tobacco (£1) 2 9 3 2 9 9 Broken Hill Prop. (£1) 3 2 10 3 3 0 Broken Hill Prop, (new) 1 14 10 1 IS 1 Colonial Sugar (£20) 46 10 0 46 15 0 Consolid. Brick (£1) .. 0 8 0 Dom. Builders (10s) .. 0 3 6 Dominion Pert. (£1) ,, 1 3 0 — D.I.C. (10s) 0 14 0 0 15 3 Dunlop Rubber (£1) .. 1 3 3 1 3 5 Electro. Zinc (ord., £1) 2 9 0 2 9 S Electro. Zinc (pf„ £1) 2 11 10 2 12 0 Evans Atlas Flour (10s) 0 19 0 G. J. Coles (£1) 4 3 1 4 3 6 Gordon and Gotch (£1) 2 13 0 2 16 0 Hay’s. Ltd. (con., 15s paid) 0 15 3 Howard Smith (£1) .. 1 1 0 1 1 3 Hume- Pipe (Aust.), (£1) 1 0 10 Mangrovie (£1) 0 18 6 Morts Dock (£1) 0 10 4 McKenzie's Department Stores (£1) 3 12 6 3 13 9 N.Z. Drug (£2) 3 7 6 3 10 0 N.Z. Farmers’ Co-op. (£2 10s paid) _ 0 IS 0 N.Z. Farmers’ Co-op. (10s paid) 0 0 3 N.Z. Farmers’ Co-op. (1st pref., £5) 3 9 0 N.Z. Farmers’ Co-op. (''A’' pref,. £4) 1 9 0 2 0 0 N.Z. Farmers’ Co-op. (“B" pref., £4) _ 2 0 0 , N.Z. Farmers’ Co-op. (4i p.C. Stock, 1939, £100) „ 02=^10 a