THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22305, 20 January 1938, Page 13

THE STOCK EXCHANGES

MARKETS CONTINUE QUIET

PRICES AGAIN IRREGULAR

DEALINGS COMPLETED

Government An odd parcel of Now Zealand Government 4 per cent, stock, due 1949, changed hands at £lO3 2s 6d and the 1955 stock had business at £lO3. Commercial Bank of Australia changed hands at 17s Id. and more were offered at that price. National Bank of Australasia, £5 paid, were dealt in at £7 Is 6d.. Bank of New Zealand appeared easier with sellers and business at 44s 3d. buyers at 445. South British Insurance. 10s paid, had business at 48s 3d. United Building were firm with sellers and business at 20s 9d. buyers at 20s 6d. New Zealand Breweries were steady at 475, sellers staying in at that price, buyers at 40s lOd. Miscellaneous Broken Hill Proprietary new issue were firm at 355. Electrolytic Zinc preference were firmer on buyers’ offers 525. G. J. Coles remained unaltered with sellers and business at 83s 6d, buyers - at 83s sd. New Zealand Farmers' Fertiliser were weaker at 19s Od. Taranaki Oilfields were weaker .with sellers and business at 6s 9d. buyers at 0s 7d. Woolworths, Limited, were firm with buyers and business at 25s 7d. sellers at 25s 8d W. R. Carpenter changed hands at 47s 5d and 47s 3d. Woolworths (South Africa) moved up to 14s 9d. sellers slaving in at that figure, buyers af 14s 6d. Mining Waihi Grand Junction changed hands at 3s. market closing 2s lOd buyers. 3s sellers. Broken LI ill South were weaker with sellers at 365, buyers at 35s lid. Sellers of Mount Lyclls reduced their limits 1o 33s 4d. Mount Morgans advanced to 10s 3d and more were wanted af that price, sellers at 10s sd. Unlisted Stocks Alloy Steel (Australia) had dealings at 11s 6d and 11s 3d, and late buyers at 10s 9d failed to attract sellers.

LATEST QUOTATIONS

DUNEDIN

SYDNEY

Miscellaneous

MELBOURNE

Markets on the Christchurch Stock Exchange yesterday were again quiet and turnover was small. Prices were irregular.

The Sydney Stock Exchange was quieter yesterday. Metal shares revealed an easier trend, but among industrials. Standard Cement, John McGrath, and Henry Jones were carried to higher levels. Morning Sales

There was a steady tone in investments and bonds on the Melbourne share market. Barriers were a shade easier.

UNLISTED STOCKS

All transactions in stocks quoted in this section are subject to a different rate of brokerage from listed stocks and arc not quoted on the official list.

AUCKLAND

MINING

RIMU DREDGE

The Rimu dredge return is 160.40 z for 103 hours 43 minutes from 39,292 yards.

BARRYTOWN

(PRESS association telegram.)

GREYMOUTH. January 19. The Barry town dredge from January 3 to January 15 ran 206 hours for 2930 z bullion for 79,000 yards.

METALS MARKET

BRITISH WAR LOAN (BRITISH 01HCUL WIBBM3S.) RUGBY, January 18. War Loan, 34 per cent., is quoted at £lO2 11s 3d.

£270 LISTED STOCKS Sales on ’Change N.Z. Govt. 4 p.c.. Ins., 1946-49 (odd parcel) . . £ 103 s. 2 d. 6 200 Comm. Bank of Aust. (cum div.) (2) 0 17 1 15 Natl. Bank of A/asia. (£5 paid) 7 1 6 100 United Building 1 0 9 200 N.Z. Breweries <2) 2 7 0 50 G. J. Coles (cum div.) 4 3 6 100 Woolworths (Syd., ord.) 1 5 7 200 Mount Morgan (2i 0 10 3 £940 Sales Reported N.Z. Govt. 4 p.c. Ins,. 1952-55 (2) 103 0 0 50 Bank of N.Z. 2 4 3 200 South British Insurance (10s paid) 2 8 3 0 100 Broken Hill Ply. (new) 1 15 100 N.Z. Farmers Fert. 0 19 6 100 Taranaki Oilfields 0 6 9 100 Woolworths (South Africa) 0 14 9 200 Mount Morgan 0 10 3 0 100 Waihi Grand Junction 0 3 100 N.Z. Brewery 2 7 0 150 W. R. Carpenter 2 9 7 5 3 300 UNLISTED STOCK Sale on ’Change Alloy Steel (Aust > . . 0 11 6 (2) 0 11 3

Duvet s. Scllci s. £ d. £ s. d. N.Z, Govt. Debentures ;u pc. ins., 15/3/39-43 100 15 0 — 3J p.c. Ins., 15/9/39-43 101 5 0 31 p.c. Ins.. 1033-32 ...• VU>1 0 n — 31 p.c. Ins., 1039-52 Toi 7 6 — 3J p.c. Ins. 1041 101 2 0 — 4 p.c. Ins., 1943-46 103 5 0 — 4 p.c. Ins., 1946-40 103 7 6 — 4 p.c. Ins.. 1952-55 103 0 0 — 4 p.c. Bonds, 1946 and 1949 103 10 0 — 4 p.c. Bonds, 1955 103 2 6 — Rural Bonds. 5 p.c., 15/9/47 102 0 0 Banks Adelaide (£5) 6 2 (> ■ Comm, of Aust. (cum rii v.. 10s) 0 17 0 0 17 1 Comm, of Ansi, (pf., cum div.. £10) 9 13 6 9 14 6 Comm, of Sydney (£12 10s) ■ ’ 20 17 6 Natl, of A/asia. (£10 paid) 14 6 0 — Natl, of A/asia. (£5 paid) 7 1 0 — Nafl, of N.Z. (£2 10s) 13 n 13 P New Zealand (£1) .. 2 4 0 2 4 3 N.Z. (mort shares, £1) i 10 0 — Insurance National (7s paidl 0 17 3 N.Z. (cum div., £1) 3 2 0 — Standard (£1) ID S Loan and Agency Dalgety and Co. (£5) 8 5 0 8 12 6 Goldsbrough, Mort (£1) 1 11 10 1 12 0 Mutual Benefit (£10) 13 10 0 — N.Z. Guar. Corpn. (3s) 0 4 4 0 4 10 N.Z. Loan and Mere. (ord., £100) —* 53 0 0 United Building (£1) 1 0 6 1 0 9 Wright, Stephenson (pref., £1) 1 0 9 1 1 6 Newton King (pf., £1) —* 0 10 3 Shipping Huddart-Parker (£1) 2 2 6 — P. and O. Def. Stk. (£1) i 8 0 — Frozen Meat Cantby. f£7 10s paid) 9 15 0 11 0 0 Gear (10s) 0 15 0 — N.Z. Refrig, (cum div.. £1 paid) 1 0 6 N.Z. Refrig. (10s paid. cum div.) 0 9 2 0 9 4 Woollens Kaiapoi (17s paid) 0 12 0 — Kaiapoi (pref., 17s) .. 0 17 3 Coal Westport-Stockton (10s) 0 2 10 — Westport-Stockton (pf.. 10s) 0 5 9 0 6 0 Kaitangata (16s paid) 1 5 0 1 8 9 Gas Christchurch (£1) 1 7 4 — Ch.Ch. (10s paid) 0 13 0 Breweries New Zealand (£1) .. 2 6 10 2 7 0 Swan (cum div., 5s) .. 1 8 6 Queensland (£1) — 1 7 9 Tooheys (rights) 0 4 6 — Tooths (£ 1) 2 14 6 — Melbourne Co-op. (10s) 2 12 0 2 16 0

Amaig. Wireless (con.. 16s paid) 2 10 0 Anthony Hordern (£ 1) 0 18 9 Aust. Glass (£1) 4 13 0 4 13 9 Beath and Co. (Is pd.) 0 1 0 — British Tobacco (£ 1) 2 9 6 — Broken Hill Pty. (£1) 3 3 0 3 3 1 Broken Hill Pty. (new) 1 14 10 — Colonial Sugar (£20) 46 10 0 46 15 0 Consolid. Brick (£1) 0 7 3 0 7 11 Dom. Builders (10s) .. 0 3 6 Dominion Pert. (£1) .. 1 3 0 — D.I.C. (10s) 0 14 0 0 15 6 Dunlop Rubber (£1) .. 1 3 4 1 3 6 Electro. Zinc (ord., cum div., £1) 2 8 10 2 9 3 Electro. Zinc (prel. cum div., £1) 2 12 0 2 13 9 Evans Atlas Flour (10s) 0 19 0 — G. J. Coles (cum div., £ 1) 4 3 5 4 3 6 Greater Crystal (£1) .. 0 7 0 — Hay’s, Ltd. (con., 15s paid) — 0 15 3 Howard Smith (£1) .. 1 1 6 Kauri Timber (25s) 1 1 0 1 1 3 Mason, Struthers (£1 paid) 0 13 0 0 16 0 Mason, Struthers (14s paid) 0 10 0 Mason, Struthers (10s paid) 0 7 6 Morts Dock (£1) 0 11 3 0 12 0 McKenzie’s Department Stores (£1) 3 13 9 National Electric (£1) 1*1 0 18 0

Buyers. Sellers. £ s. d. £ s. d. N.Z. Fanners’ Co-op. (£2 10s paid) N.Z. Farmers’ Co-op. C‘B” pref., £4) 0 15 0 2 0 0 N.Z. Farmers’ Co-op. (41 p.c. Stock, 1939 and 1940, £100) N.Z. Farmers’ Co-op. (4i p.c. Stock, 1945, £100) 92 0 0 92 10 0 N.Z. Farmers’ Fert. (£1) — 10 0 N.Z. Newspapers (16/8) X 18 0 2 0 0 N.Z. 'Paper Mills (£1) — 18 0 Procera Bread (10s) .. 0 16 9 Radio (1936) (10s) 110 15 0 Olympic Tyre (£1) 2 7 0 — Standard Cement (£1) — 0 18 0 Taranaki Oil. (24/7) .. 0 6 7 0 6 9 United Provisions (£1) 0 6 0 0 11 0 Wilcox. Mofflin (11s) .. 0 10 8 Wilson’s Cement (10s) 0 17 6 Woolworths (N.Z.) (ord., 5s) . 10 9 Woolworths (N.Z.) (pref., £1) 1 17 4 2 2 0 Woolworths (Sydney), ford., 5,s) 1 5 7 15 8 W. R. Carpenter (£1) 2 6 3 2 7 3 Oversea Listing Woolworths (S.A.) (5s) 0 14 6 0 14 9 Mining Argo (Is) 0 16 _ Argo (6d paid) .. 0 13 — Barry town (£1) — 1 10 0 Big River (Is) — 0 15 Austral N.Z. Min. (13s paid) 0 13 0 Clutha River (4s) .. 0 2 0 0 4 0 Golden Dawn (5s) .. — 0 2 6 Goldfields Drcdg. (Is) 0 0 11 ■ Grey River (8/9 pd.) 0 11 6 0 H 8 Maori Gully (Is) 0 0 41 0 0 51 Moonlight Gold. (Is) 0 0 41 0 0 6] Nemona (Is) — 0 16 Nokomai (5.s) 0 2 0 0 2 6 Skippers (Is) — 0 0 2i Waihi Invest ,(5s) .. — 0 10 6 Waihi Gd. June. (2/3) — 0 3 0 Worksop Extend. (Is) — 0 14 Australian Mining Broken Hill South (5s) 1 15 11 1 16 0 Mount Lycll (£1) 1 13 3 1 13 4 Mount Morgan (2/6) .. Q 10 3 0 10 5 Nth. Broken Hill (5s) 2 15 9 2 16 10 Rawang Tin (10s) .. 0 9 9 0 10 0

Buyers. Sellers. £ s. d. £ s. d. Allov Steel (Aust.) .. 0 10 9 — Allov Steel (N.Z.) .. — 0 19 0 A.P.A. 0 9 0 — Brunner Collieries .. — 0 13 0 Cnulls. Somerville .. 0 14 0 0 15 6 Kanieri .. .. — 0 18 6 N.Z. Perpet. Forests .. 2 4 0 — Selfridges (A/asia) 1 5 0 1 8 0 Selfridges (N.Z.) Sclfridges (N.Z.), (14s — 1 1 0 paid) Westland Breweries — 0 14 0 (contr.) 1 0 0 — White's Electric — 0 0 3

Sales on ’Change £ K. d. Ins. Stock. 1946-49, 4 p.c. 103 5 0 Ins. Stock, 1939-43, 3J p.c. 101 0 0 Auckland Harbour Board, 1948, 4.! per cent. 103 5 0 Commercial Bank of Aust. (p£.) 9 13 6 Bank o£ New Zealand • • 2 4 3 National Insurance .. 0 17 0 Queensland Insurance 2 17 6 South British (2) 2 8 3 Traders’ Finance (con.) (2) 0 4 6 New Zealand Breweries 2 7 3 Tooths • • 2 15 3 Australian Glass • • 4 13 0 Broken Hill Proprietary *• 3 3 6 3 2 9 Colonial Sugar .. 46 15 0 Radio (1936) (2) 1 2 Wilson's Cement •• • • 0 18 0 Woolwortlis (Sydney) • • 1 5 6 Martha .. •• 0 14 6 Waihi Junction -- 0 2 Hi 1 13 1 12 9 Vnoflicial List Whakalanc Paper Mills 0 7 1 WELLINGTON Sales on ’Change £ s. d. Ins. Slock, 4 per cent., 1948 • • 103 5 0 Bank of New Zealand .. • • 2 Wilson’s Cement ' .. • • 0 18 Woolworths. Ltd. (ord.) • 1 5 (All above late Tuesday.) Ins. Stock, 4 per cent., 1946 103 5 0 Bank of New Zealand (2) 2 4 Bank of New Zealand 2 4 N.Z. Breweries . • (2) 2 7 Bonds Hosiery Mills .. 0 18 Radio (1936), Ltd. •• 1 2 Woolworths. Ltd. (ord.) 1 5 7 Mount Morgan 4* 0 10

Sales Reported Woolwnrths (Sydney) £ 1 s. 5 d. 8 Woolworths Holdings .. 0 14 6 (Both late Tuesday. 1 Ins. Stock, 31 p.c., 1938-52 Bank of New Zealand .. 101 10 0 m 2 4 3 Broken Hilt Prop, (con.) ** 1 15 0 Mark Foy ak 1 6 0 After Call Broken Hill South .. 1 16 3

£ S. d. Commerical Bank of Sydney 20 17 0 Bank of New South Wales »« 33 15 0 Bank of New Zealand •m 2 4 0 Aust. Gas ,, 7 8 0 British Tobacco ,, ft* 2 10 3 Broken Hill Propy. • • •ft 3 3 0 , James Stedman • ft 0 15 4£ Afternoon Sales Colonial Sugar • « 46 15 0 Associated News •ft 1 3 3 Associated News, (pref.) ft* 1 4 6 British Tobacco •* 2 10 3 Tooth’s •• 2 15 9 Toohey’s ft* 1 11 3 Toohey's (rights) • • . 0 6 0 Drug Houses •* 1 5 9 Australian Glass (pref.) 1 19 7a Dunlop Perdriau 1 3 10a Dunlop Perdriau (pref.) •• 1 18 3 General Industries , , 1 0 3 Kandos 1 5 3 Cash Orders •• 0 17 6 John McGrath •* 2 3 0 Gordon and Gotch •ft 2 12 6 Mauri Bros. •ft 3 9 6 United Provisions •• 0 7 2 Mangrovite Belting 0 17 6 Claude Neon •• 2 10 9 Standard Cement . # 0 19 0 Producers and General •• 0 9 , 3 Woolworths 1 5 10J Wilcox Moffiin •• •• 0 11 0 Henry Jones 2 10 0 Mount Morgan •• 0 10 6 Mount Lyell •• •« 1 13 6 Zinc Corporation 5 11 0 Bulolo Gold •• •• 6 11 0 Rawang Tin •• 0 10 0 Loloma • • •• 0 18 0

Sales:— National Bank (£5 paid) £ s. 7 4 d. 0 Howard Smith 1 1 6 British Tobacco 2 10 3 Dunlop Perdriau Trust X 3 11 Aust. Foundation Invest. 0 6 2 Electrolytic Zinc ,, • • 2 10 0 Mount Morgan •f 0 10 5 Mount Lvell 1 13 6 Broken Hill Pty. 3 3 6 North Broken Hill 2 16 9 South Broken Hill • « 1 16 3 Emperor ** 0 12 10 Loloma 0 18 3

LONDON, January 18. Jan. 17. Jan. 18. Copper— Standard, spot £ s. 43 14 d. 44 £ s. d. 43 6 3 Forward 44 1 3 43 10 74 Electrolytic .. 47 15 0 47 10 0 to 48 10 0 48 5 0 Wire bars • • • 48 10 0 48 5 0 Lead— Spot 16 19 44 16 10 104 Forward *• 17 0 n 16 18 14 Spelter— n 15 8 9 Spot 15 10 Forward # # 15 13 n 15 11 104 TinSpot 188*15 0 185 15 0 Forward 188 17 6 186 2 6 Silver— Fine, per OZ. 19 15-16d 20 l-16d Standard, per 21Jd 21|d oz.