THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22336, 25 February 1938, Page 15

THE STOCK EXCHANGES

METALS AGAIN ACTIVE HEAVY TURNOVER OF WOOLWORTHS There was a heavy turnover of metals shares on the Christchurch Stock Exchange yesterday, when business generally was brighter and prices higher. The dividend and bonus announced by Woolworths stimulated brisk trading for the shares, 3900 of which changed hands at advancing prices.

DEALINGS COMPLETED

UNLISTED STOCKS Sales on ’Change 200 BalVns Breweries (Iss paid) (2) 012 3 Banking Bank of New Zealand wore firm, with buyers and business at 435, Buvors of National Bank of Australasia raised their bids to £l4 12s 6d. without attracting sellers. New Zealand Guarantee Corporations were weaker, at 4s 4d, closing quotations Id on either side. Buyers of P. and O. Deferred Stock raised their bids to 295, but sellers were reticent. Westoort-Stockton Coal, preference, were fractionally weaker at 6s, but closed with buyers at 6s Id. sellers at 6s 4d. Sellers of Christchurch Gas reduced their limits to 295. New Zealand Breweries were a shade easier* at 45s Bd, closing quotations Id on either side. Miscellaneous Berlei (N.Z.) changed hands at 67s 6d. British Tobacco were stronger, with buyers and dealings at 49s 3d. Broken Hill Proprietary advanced to dealings at prices ranging from 62s 4d to 62s 7d, sellers staying in at the highest price, buyers at 62s 6d— the contributing were fractionally firmer, with business at 335, and further buyers at 33s 2d. Electrolytic Zinc were firmer gt 47s 6d to 47s lid. market closing 47s 6d buyers, 47s 7d sellers; the preference rose to 50s. but later dropped to 49s 2d, and there were further sellers at the lower price. G. J. Coles rose sharply to 82s. 32s 6d, and 82s 3d, market closing 82s buyers, 82s 3d sellers. An odd parcel of Howard Smith changed hands at 20s Bd, and more were wanted at that price. Woolworths, Ltd., on an active market, fluctuated between 26s 9d and 28s 6d. market closing 26s 9d buyers, 26s lOd sellers. Woolworths, New Zealand, advanced to 21s 9d, market closing 3d either way. Mining Broken Hill South were firmer, with dealings at 35s and 34s 9d. and further sellers at the lower figure. Mount Lyells advanced to 31s Bd. 31s 9d, 31s 10d. and 31s lid, and more were offered at 31s Bd, buyers at 31s 7d. Mount Morgans advanced to 10s Id to 10s 4d, arid closed with sellers at 10s 2d, buyers at 10s Id. North Broken Hill jumped to 52s 9d and 535. but closed easier with sellers at 52s 4d, buyers at 52s Id. Rawang Tin were stronger, with dealings at 9s 7d and Ss 9d. Placer Development had business at 745. Unlisted Stocks Ballins Breweries (15s paid) wore dealt in at 12s 3d, and mow _ were wanted at 12s 2d, sellers at 13s .id. LATEST QUOTATIONS

UNLISTED STOCKS All transactions in stocks quoied |n 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.

FOREIGN EXCHANGES

ASSOCIATED BANKS’ DOLLAR RATES The Associated Banks (other than the Bank of New South Wales) quoted the following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice:— U.S.A. Canada. Dol. Dol. (Per £1 N.Z.) Selling— T.T. .. .. 4.02 7-16 4.02 5-16 O.D. .. .. 4.02 13-16 4.02J Buying— T.T. .. .. 4.052 4.05 i O.D. .. .. 4.062 4-062 BANK OF NEW SOUTH WALES The Bank of New South Wales quoted the following exchange rates ruling, yesterday.;— N.Z. on Buying Selling

£ s. d. North Broken Hill .. •• 212 11 Mount Morgan .. • • 010 0 Unofficial List Ballins Breweries .. • • 012 2 DUNEDIN Sale on ’Change Wool worths (Sydney) .. (6) 17 3 Sales Reported Electrolytic Zinc (ord.) (late Wednesday) .. (2) 2 7 0 4 p.c. Ins. Stock, 1943-46 .. 102 10 0 Westport-Stockton (ord.) .. 0 3 0 Colonial Sugar .. .. 46 5 0 G. J. Coles .. ■■ 4 1 0 Taranaki Oil • • (2) 0 6 6 Wool worths (Sydney) .. .. 18 0 N.Z. Breweries .. • • 2 5 7i Mount Lyell .. • • 111® Mount Morgan .. .. 010 A 0 10 4 SYDNEY The .firmer metal prices and the good advance on Wall street in industrials encouraged Investors to operate with greater freedom on the Sydney Stock Exchange yesterday. The market was brighter than for many weeks.

MELBOURNE The leading stocks and barriers remained firm in view of the further Improvement overseas. Tin shares attracted more attention. Sales:— „ . £ s. d.

PRICE OF GOLD LONDON. February 23. Gold is quoted at £5 19s 10 s d a ounce.

LISTED STOCKS Sales on ’Change £ s. d. 100 Bank of N.Z. 2 3 0 100 N.Z. Guarantee Corpn. 0 4 4 400 Wcstport-Stockton Coal (prcf.. cum div.) (.2) 0 6 0 100 N.Z. Breweries 2 5 8 100 British Tobacco (2) 2 .9 3 300 Broken Hill Propty. <2) 3 2 4 (2) 3 2 5 3 2 6 3 2 7 100 Broken Hill Propty. (contr.) 1 13 0 610 Electro. Zinc (ord.) (4) 2 7 6 2 7 8 (2) 2 7 9 2 7 10 2 7 6 2 7 7 50 Electro. Zinc (pref., cum div.) 2 9 2 125 G. J. Coles (2) 4 2 0 4 2 3 133 Howard Smith (odd parcel) 1 0 8 1600 Woolworths (Sydney, ord., cum div.> 1 3 0 1 7 6 (2) 1 7 3 (2) 1 7 0 (3) 1 6 9 1 7 0 (4) 1 7 1 1 7 0 1 6 11 100 Broken Hill South 1 15 0 ' 1 14 9 600 Mount Lyell 1 11 8 (2) 1 11 9 (4) 1 11 10 (3) 1 11 8 1150 Mount Morgan 0 10 1 (3) 0 10 2 (2) 0 10 2K (2) 0 10 3 0 10 Ol. ■' 2 0 10 4 (2) 0 10 1 (31 0 10 li 100 North Broken Hill (cum div.) 2 12 9 2 13 0 200 Rawang Tin 0 .9 7 0 9 9 Sales Reported 50 Borlei (N.Z.) 3 7 6 200 Electro. Zinc (ord.) .. 2 7 10 2 7 11 100 EIccfro. Zinc (prcf.) . . 2 10 0 100 O. J. Coles 4 2 6 100 Woolworths (N.Z.) 1 1 9 2300 Woolworths (Sydnev. ord.l (51 1 7 0 (5) 1 7 1 1 7 3 13) 1 7 10 (2) 1 8 0 1 8 3 1 8 0 1 8 6 1 7 2 (21 1 7 0 200 Mount Lyell (2) 1 11 11 100 Woolworths (N.Z.) 1 1 9 75 Placer Development .. 3 14 0

Buyers. Sellers. £ s. cl. £ s. d. N.Z. Govt. Debentures 3i p.c. Ins., 1939-41 98 10 0 98 — 0 3J p.c. Ins., 1953-57 97 15 0 0 32 p.c. Ins., 1941 4 p.c. Ins., 1943-46 101 10 0 102 12 6 4 p.c. Ins., 1946-49 — 0 104 7 6 4 p.c. Bonds, 1943-46 . . 102 10 102 17 6 Rural Bonds, 5 p.c.. 102 10 0 15/9/47 Other Debentures Booth, Macdonald, 5 70 0 p.c., 1/6/47 .. — 0 Pyne, Gould, Guinness .0 0 105 0 0 (perpetual) ■ • • 101 Banks Adelaide (£5) 6 0 0 0 — Comm, of Aust. (10s) 0 16 6 16 7 Comm, of Aust. (pf., 12 £10) ' -A — 9 0 Comm, of Sydney (£12 20 0 10s) — 5 E;. S„ and A. (£3 paid) 5 2 3 5 5 0 Natl, of A/asia (£10 6 paid) 14 12 — Natl, of A/asia (£5 paid) — 7 5 0 Natl, of N.Z. (£210s) — 2 14 0 N.S.W. (ex div., £20) 31 14 0 — New Zealand (£1) 2 3 0 2 3 2 Union of Aust. (£5) .. 8 19 6 9 1 0 Insurance National (7s paid) • .. 0 17 0 — South British (10s) .. 2 5 0 — Standard (cum div., £1) 3 0 0 — Loan and Agency Dalgety and Co. (£5) 8 6 0 8 12 6 Goldsbroiigh, M. (£1) 1 10 6 1 10 10 Invincible Buildg. (£5) 4 10 0 -— 9 Natl. Mortgage A (£2) 2 4 3 2 8

Buyers. Sellers. £ 5. d. £ s. d. N.Z. Guar. Corpn. (3s) 0 4 3 0 4 5 N.Z. Loan and Merc. 47 10 0 (ord„ £100) 46 10 0 Permanent Investment (£10) 9 10 0 — United Building (£1) 1 0 9 — Wright, Stephenson 8 (pref., £1) .. 1 0 * Shipping P. and O. Def. Stock (£1) 1 9 0 Frozen Meat Canlby. (£7 10s paid) 10 0 0 — N.Z. Refrig. (£1 paid) 0 18 6 — N.Z. Refrig. (10s paid) 0 8 2 0 8 4 Southland (cum div., 9 6 £1) — 1 Woollens Kaiapoi (7s paid) 0 3 4 — Kaiapoi (pref., 17s) 0 16 0 Coal Pukemiro (£1) 0 18 0 ■ Westport (10s) 1 3 2 1 3 Stockton (10s) 0 2 9 Stockton (pref,, cum 6 6 div., 10s) 0 1 Gas 9 Auckland (£1) 1 0 i 1 0 1 8 0 1 Timaru (£1) 0 15 0 0 Breweries 9 New Zealand (£1) 2 5 7 2 6 Queensland (cum rts., £1) - 1 1 8 8 0 0 2 13 9 Timaru (in iiqdn.) ( —) 0 Miscellaneous Amalg. Wireless (cont., 8 6 14s paid) .. •• Andersons (pref., £1) 2 0 19 0 Anthony Hordern (£1) 0 18 4 Aust. Glass (£1) 4 12 — Beatli and Co. (£1) 0 19 Beath and Co. (Is pd.) 0 1 ' ■ Berlel (N.Z.) (£1) 3 5 “7 British Tobacco (£1) 2 9 3 5 Broken Hill Pty. (£1) 3 2 6 2 6 6 Broken Hill Pty. (con.) 1 13 2 1 Colonial Sugar (£20) — 46 Dominion Build. (10s) 0 2 0 D.I.C. (10s) .. 0 14 0 Dunlop Rubber (£1) 1 2 10 1 Electro. Zinc (ord., £1) •• ;• Electro Zinc (pf., £1) 2 7 6 2 7 7 2 9 0 2 9 2 G. J. Coles (£1) 4 2 0 4 Hays. Ltd. (con., 15s paid) 0 14 0 0 15 3 Howard Smith (£1) 1 0 8 — Hume Pipe (£1) 1 0 8 Mason, Struthers (14s 11 0 paid) — 0 Mason. Struthers (10s 6 paid) — 0 McKenzie's Depart3 9 0 3 13 0 ment Stores (£1) .. N.Z. Drug (£2) 3 8 0 3 11 N.Z. Farmers’ Co-op. 0 0 (10s paid) — N.Z. Farmers’ Co-op. (1st pref.. £5) 3 5 0 — N.Z. Farmers’ Co-op. 0 16 0 (A pref.. £4) 1 10 1 N.Z. Farmers’ Co-op. (4J p.c. Stock, 1949 and 1950, £100) 93 0 0 — N.Z. Farmers’ Co-op. (41 p.c. Stock, 1955. 12 6 £100) 93 1 N.Z. Farm. Fert. (£1) 0 17 3 0 18 6 N.Z. Newspapers (16/8) — 1 19 6 Quill, Morris (1936) (ex 17 div., £1) 0 6 — 0 Radio (1936) (10s) — 1 2 McLeod Bros. (£10) .. 6 29 10 Taranaki Oil. (24/7) .. 0 3 0 6 6 T. J Richards (£1) — 1 14 United Provisions (12/6) — 0 7 3 Whitcombe and Tombs (£2 10s paid) 3 0 0 — 6 Wilson’s Cement (10s) 0 17 9 0 18 Woolworths (N.Z.) (ord., 5s paid) 1 1* 6 X 2 0 Woolworths (Sydney) 6 10 (ord., cum div., 5s) 1 6 9 1 Overseas Listing Woolworths (S.A.) (5s) 0 14 8 0 14 11 Mining Addison's Flat (cum div., Is) — 8 0 1 3 Argo (Is) 0 1 — Argo (cont.) .. 0 1 1 — Barrytown (£ 1) —- 1 7 Big River (cum div., Is) 0 i 4 Golden Sands (Is) .. 0 1 7J 0 2 4 Goldfields Dredg. (Is) 0 0 14 0 0 5 Grey River (8/9 paid) 0 11 b 0 11 Maori Gully (Is) 0 0 41 0 0 5 Moonlight Gold. (8d 44 0 9 paid) 0 0 0 Mossy Creek (Is) — Ncmona (Is) — 0 1 Nokomai (5s) — 0 2 Okarito (5s) — 01 Skippers (Is) 0 0 0 0 Waitahu (5s) — 11 Worksop Extend. (Is) 0 0 0 1 Australian Mining Brcfken Hill Sth. (5s) 1 14 7 1 14 9 8 Mount Lyell (£1) 1 11 7 n Mount Morgan (2s 6d) 0 10 1 Nth. Broken Hill (5s) 2 12 1 8 Rawang Tin (10s) 0 9 6 0

BaHIrts Breweries (15s paid) .. •• 0 12 Christchurch Press .. 8 10 2 0 0 9 13 4 3 0 Kanieri (£1 paid) .. 1 u 0 Kelburn and Karon _ n Bus Co. .. • • jj National Tobacco . ■ 0 0 Ngahere (10s paid) .. _ — 0 8 N.Z. Perpetual Forests 2 5 Selfridges (A/asla.) .. 1 £ Shirley Links .. 0 “ Woolworths (W.A.) . • 4 J 6 AUCKLAND Sales on ’Change £ s. d. 4 n.c. Ins. Stock, 1943-46 102 7 6 4 d.c. Ins. Stock, 1946-49 104 4 n.c. Ins. Stock. 1952-55 104 31 d.c, Ins. Stock, 1939-52 102 17 City of Auckland. 41 p.c., 1944-48 103 0 0 Comm. Bank of Australia 0 16 Dom. Invest, and Banking 0 18 Westport Stockton (pref.) 0 6 Auckland Gas . 0 Northern Steam 10 6 9 Northern Steam (con.) Broken Hill Pty. 3 2 Berlei (N.Z.) 3 7 6 Colonial Sugar 46 5 0 Electrolytic Zinc Electrolytic Zinc (pref.) Farmers’ Trading 2 G. J. Coles 4 4 2 Sanford (3) 0 4 3 Woolworths (Sydney) .. 1 1 7 7 3 1 Truth (pref.) 1 0 0 Martha 0 15 5 Wellington Alluvials 0 5 2 Broken Hill South 1 15 0 Mount Morgan 0 9 11 (2) 0 10 2 Overseas List Woolworths Holdings (S.A.) 0 15 0 WELLINGTON Sales on ’Change d. £ S. 4 d.c. Ins. Stock, 1955 104 7 6 National Bank of New Zealand 2 13 6 Burns. Philp 2 12 9 Taranaki Oil 0 6 8 Woolworths (N.Z.) 1 1 (Above Wednesday.) 3J p.c. Ins. Stock, 1943 102 0 0 Commercial Bank of Aust. (4) 0 16 7 Bank of New Zealand 2 3 0 South British Insurance 2 6 Wellington Gas (2) 1 17 3 Broken Hill Pty. 3 3 2 7 Electrolytic Zinc (pref.) •• 2 2 9 10 3 0 Electrolytic Zinc (ord.) ■ 2 2 7 7 8 10 Gordon and Gotch (ord.) 2 13 9 G. J. Coles (2) 4 Woolworths, Ltd. (ord.) 1 1 9 7 3 (5) i 8 0 Woolworths (N.Z.) i 1 6 Mount Lyell (2) 1 ] 11 11 4 10 *" ' ‘ i 11 u

(BRITISH OVTICUL WIRELESS.) RUGBY February 23. Feb. 22. Feb. 23. Paris, fr. to £1 124.21 153 11-32 153 27-32 5.01| 5.018 dol. to £1 4.866 Montreal. dol. to £1 4.866 5.018 5.01 13-16 29.958 29.56 belgas to £1 35 Geneva, fr. to £ 1 25.2215 21.58a 21.592 Amsterdam, 8.968 8.96g fl. to £1 12.107 958 958 to £1 92.43 Berlin, reich12.408 12.40 marken to £1 20.43 Copenhagen, 22.40 22.40 kr. to £1 18.159 Stockholm. 19.41 19.41 kr. to £1 18.159 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. 26J 268 to £1 34.585 Prague, 142| 1428 kr. to £1 164.25 Helsingfors, 2268 2268 marks to £1 193.23 Madrid, pesetas to £ 1 25.2215 — — Lisbon, escu110 3-16 dos to £1 375 110 3-16 Athens, drach 5478 to £1 375 547J Bucharest. 6778 lei to £ 1 813.60 6778 Belgrade, 216 216 dinars 376.3 Rio de Janeiro, pence to 2 13-16 milreis 5.90 213-16 Buenos Aires. pence to dol. 51 — Montevideo, pence to peso * 218 218 Bombay, pence 188 188 to rupee 18 Shanghai, 14 3-16 pence to dol. • 14 3-16 Hong Kong, 15 15 pence to yen Yokohama, 14 pence to yen 24.58 14 Batavia, guilders 12.107 8.948 8.948 Warsaw, par zlotys to £1 43.36 — “Determined by price of silver

London — 124/10/£N.Z. to £100 slg. T.T. 124 O.D. 123/10/124/8/9 Australia— 100/10/- £ A. to £ 100 N.Z. T.T. 101 O.D. 101 100/10/Fiji— 89 £F. to £100 N.Z. T.T. 90/7/6 O.D. 90/7/6 89 New York— 4.0216 Dol. to £1 N.Z. T.T. 4.0563 O.D. 4.0663 4.0236 Montreal— 4.0224 Dol. to £1 N.Z. T.T. 4.0548 O.D. 4.0668 4.0264 Austria— 21.03 Schgs. to £1 N.Z. T.T. — O.D. — 21.04 Belgium— 23.639 Belgas to £1 N.Z. TT. 23.949 O.D. 24.024 23.650 Czechoslovakia— Korunas to £1 N.Z. T.T. — 113.77 O.D. — 113.82 Denmark — Kroner to £1 N.Z. T.T. 18.203 17.893 O.D. 18.263 17.899 Finland — 179.15 Marks to £1 N.Z. T.T. 184.95 O.D. 185.35 179.25 France— 122.54 Francs to £1 N.Z. T.T. 125.04 O.D. — 122.58 Germany— Reichmarks to £1 N.Z. T.T. — 9.890 O.D. — 9.895 Greece— Drachmae to £1 N.Z. T.T. — 429.54 O.D. — 429.84 Holland— Florins to £1 N.Z. T.T. 7.307 7.157 O.D. 7.347 7.161 Italy— 76.45 Lire to £1 N.Z. T.T. — O.D. — 76.50 Java— 7.129 Florins to £1 N.Z. T.T. 7.279 O.D. 7.319 7.133 Norway— 15.892 Kroner to £1 N.Z. T.T. 16.182 O.D. 16.242 15.898 Noumea — 121.29 Francs to £1 N.Z. T.T. 126.29 O.D. — 121.33 Papeete— 121.34 Francs to £1 N.Z. T.T. 126.14 O.D. — 121.38 Sweden— Kronor to £1 N.Z. T.T. 15.796 15.501 O.D. 15.856 15.507 Switzerland — 17.259 Francs to £1 N.Z. T.T. 17.529 O.D. 17.634 17.264 Cheefoo— N.Z. pence to dol. T.T. — 18g O.D. t 18 7-64 Hong Kong— 18 53-64 N.Z. pence to dol. T.T. 18 29-64 OiD. 18 27-64 18 53-64 India and Ceylon— 22 11-32 N.Z. pence to rup. T.T. 22g O.D. 22 11-32 22 21-32 Japan— 17 31-64 N.Z. pence to yen T.T. — O.D. — 17 31-64 Manila — N.Z. pence 29 49-64 to peso T.T. 29 17-64 O.D. 29 11-64 29 49-64 Shanghai— 18 9-64 N.Z. pence to dol. T.T. — O.D. — 18 9-64 Singapore— 34 43-64 35 5-32 N.Z. pence to dol T.T. O.D. 34 37-64 35 5-32

Morning Sales Tooths Brewery 2 15 0 Associated Newspapers (pf.) 1 5 3 Anthony Hordern 0 18 9 British Tobacco 2 9 9 Broken Hill Pty. 3 3 6 Fairymead Sugar 1 14 9 Meegitts . 1 11 0 Afternoon Sales Bank of New South Wales 32 10 0 Commercial Bank of Sydney 20n 5 0 E., S., and A. Bank 6 6 9 Queensland National Bank 5 2 0 Mercantile Mutual Insurance 1 11 0 Burns, Philp 2 13 0 Burns, Philp (South Sea) 1 8 9 Associated Newspapers 1 2 3 British Tobacco 2 9 9 Tooths 2 15 6 Australian Glass 4 14 0 Dunlop Perdriau 1 3 4 h General Industries 0 19 4£ Newcastle Gas A 0 12 2 Meggitts 1 11 0 Standard Cement 0 19 3 Woolworths 1 7 3 United Provisions . 0 6 3 Wilcox. Mofflin 0 10 10 Fairymead Sugar 1 14 9 Electrolytic Zinc 2 8 0 Electrolytic Zinc (pref.) 2 9 0 Mount Morgan 0 10 1 Broken Hill Pty. 3 3 0 South Broken Hill 1 14 Rawang Tin 0 9 6 Larut Tin 0 14 6 Pungah Ti» ' •• •• 1 5 G

Commercial Bank of Australia 0 16 8 E„ S., and A. Bank 5 5 0 National Bank (£5 paid) 7 3 6 British Tobacco 2 9 9 Carlton Brewery 3 7 3 G, J. Coles 4 12 6 Dunlop Perdrau • • •• 1 3 4 Australian Foundation Investment Trust, 0 5 10 Electrolytic Zinc •• •• 2 8 0

£ s. d. Electrolytic Zinc (pref.) .. 2 9 6 Mount Morgan 0 10 2 Mount Lyell 1 11 9 Broken Hill Pty. • • 2 North Broken Hill •. 2 12 •> South Broken Hill .. 1 14 9 Zinc Corporation 1 Emperor Gold Loloma