THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22388, 29 April 1938, Page 13

THE STOCK EXCHANGES

MARKETS QUIET

PRICE MOVEMENTS SMALL

DEALINGS COMPLETED

LISTED STOCKS

UNLISTED STOCKS

Banking Commercial Bank of Australia, preference, remained unaltered at £9 10s 6d. and there were further unsupported sellers at £9 11s. Sellers of Goldsbrough, Morts reduced their limits to 29s 9d, buyers at 29s sd. New Zealand Guarantee Corporation were firm, with sellers and business at 4s 6d. buyers at 4s sd. A late sale of New Zealand Refrigerating, £1 paid, on Wednesday was reported at 18s 6d, and buyers yesterday offered 18s sd, sellers at 18s 9d—the 10s paid were firm, with sellers and dealings at 8s 4d, buyers at 8s 3d. Miscellaneous British Tobacco moved up to 48s 3d. sellers staying in at that price, buyers at 48s 2d. Broken Hill Proprietary changed hands at 60s 2d and 60s 3d, buyers staying in at the higher figure, sellers at 60s sd. Dunlop Rubber were firmer on buyers’ offers 22s 3d. Electrolytic Zinc, preference, had dealings at 45s and 45s 7d, and late offers of 45s 3d failed to attract sellers. G. J. Coles were steady, with buyers and dealings at 79s 6d, sellers at 79s 9d. McKenzies Department Stores were easier at 69s 6d. and there were further unsup-ported-sellers at that price. Shillings. Ltd., had business, at 16s 9d. A late sale of Taranaki Oilfields on Wednesday was reported at 7s Bd—dealings yesterday were at 7s 9d with further buyers at that figure, sellers at 7s lOd. Woolworths, Ltd., were firm, with buyers and dealings at 22s 3d. Mining Skippers were steady at id. Sellers of Grey River reduced their limits to 12s 6d. buyers at 12s 3d. Broken Hill South were fractionally weaker, with buyers and dealings at 30s 3d. sellers at 30s sd. Mount Morgans eased to 9s OJd. buyers staying in at that price, sellers at 9s Id.

LATEST QUOTATIONS

• DUNEDIN

SYDNEY

MELBOURNE

Markets were dull on the Christchurch Stock Exchange yesterday, with dealings restricted to a few stocks. Price movements were irregular, but were generally small.

AUCKLAND Sales on ’Change £ s. d.

WELLINGTON Sales on ’Change £ s. d.

On the Sydney Stock Exchange yesterday there was a limited turnover. The tone Of the market was quiet and firm. Some of the leading Industrials went ahead. •

LONDON . * LONDON, April 27. New Zealand Loan and Mercantile (ord.), £29. - / New Zealand Loan and Mercantile (pf.), £7B 8s 9d. Clutha River, buyers Is 9d, sellers 2s. Molyneux River, buyers Is, sellers Is 3d. New Guinea Goldfields, Is Hid,

MINING MOONLIGHT GOLDFIELDS The Moonlight Goldfields Company, Ltd., advise that the wash-up on April 27. was 81oz for 270 hours sluicing.

mossy creek

(PBESS ASSOCIATIO* WLIOEAM.) GREYMOUTH, April 28. The Mossy Creek return is 370z Bdwt for-102 hours and, 8563 yards.

METALS MARKET,

PRICE OF GOLD

LONDON, April 27. Gold is quoted at £6 19s 7d a fine ounce, a gain of lid.

PRICE OP SILVER

(BBITtSI omcuL WIMLMS.I RUGBY, April 27. Spot silver is quoted at 18 13-16 d a fine ounce and forward at 18|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. (Per £1 N.Z.) Dol. Dol. SeU T.T. „ „ 3.99 15-16 4.021 OS). «. 4.001 4.02J BUy £fT „ 4.031 4.05 3-16 O.D. ! ' Z 4.041 4.06 9-16

Sales on ’Change £ s. d. 200 N.Z. Refrig. (10s pd.) (2) 0 8 4 50 British Tobacco 2 8 3 150 Broken Hill Propty. (2) 3 0 2 150 Electro. Zinc (pref.) 2 5 0 2 5 7 150 G. J. Coles (3) 3 19 6 300 Taranaki Oilfields (3) 0 7 0 200 Woolworths (Syd.), ord, ex rights (2) 1 2 3 3000 Skippers (3) 0 0 0i 200 Broken Hill South (2) 1 10 3 100 Mount Morgan Sales Reported 0 9 0J i 50 Comm. Bank of Aust. (pref.) 9 10 6 1500 N.Z. Guarantee Corp. 0 4 6 100 N.Z. Refrig. (£1 pd.) (late sale Wed.) .. 0 18 € 150 Broken Hill Propty. (2) .3 0 3 100 McKenzie’s' Dept. Stores (2) 3 9 6 150 Shillings, Ltd. 0 16 9 100 Taranaki Oilfields (late sale Wed.) .. , 0 7 8

Buyers. Sellers. £ S. d. £ 5. d. N.Z. Govt. Debentures 31 p.c. Ins., 15/3/39-43 — 100 10 0 31 p.c. Ins., 1953-57 101 — 98 5 0 32 p.c. Ins., 1941 10 0 — 4 p.c. Ins., 1943-46 101 15 0 — 4 p.c. Ins., 1946-49 101 17 6 101 — 6 4 p.c. Ins., 1952-SS — 17 Rural Bonds, 5 p.c., 102 15/9/47 0 0 — Other Debentures Christchurch Drainage, 101 4i p.c., 31/12/38-43 .. 0 0 105 0 0 . Banks Australasia (£5) 9 18 0 — Comm, of Aust. (10s) 0 16 4 0 16 6 Comm. ofAust. (pf., £10) — 9 11 0 Comm, of Sydney (£12 10s) E./S., and A- (£3 pd.) - 20 15 5 0 0 0 Natl, of A/asla (£5 6 2 19 14 paid) Natl, of N.Z. (£2 10s) 0 3 2 14 9 New Zealand (£1) 2 3 7 — N.Z. (mort. shares, £1) 1 9 7 9 — Union (£5) — 0 6 Insurance National (cum dlv., 7s 8 0 paid) New Zealand (£ 1) .. _ 9 0 iv 2 19 South British (10s) .. 2 3 z 4 6 Loan and Agency Dalgety and Co. (£5) 8 7 6 8 15 0 Goldsbrough, Mort (£1) 1 9 5 1 9 9 N.Z. and River Plate (£1) •• i 0 11 3 — N.Z. Guar. Corpn. (3s) 0 4 5 0 4 6 N.Z. Loan and Merc. 38 (£100) .. •• 0 0 —** United Building (£1) •• 1 0 3 Shipping P. and O. Deferred 3 Stock 1 8 — Frozen Meat Cantby. (£7 10s paid) 9 10 0 10 5 6 Cantby (pref., £5) 6 0 0 — 9 N.Z. Refrig. (£1 paid) 0 18 5 0 18 N.Z. Refrig. (10s paid) 0 8 3 0 8 4 Woollens Bruce (£1) — 0 7 9 Kaiapoi (17s paid) — 0 11 9 Kaiapol (7s paid) — 0 4 0 Kaiapoi (pref., 17s)' .. — 0 17 0 Manawatu (£1) — 1 13 0 Oamaru (£1) — 0 18 9 Tlmaru (£1) — 0 17 O' Coal Westport (10s) 1 3 3 1 3 9 Stockton (10s) 0 2 7 0 3 0 Stockton (pref., 10s) .. 0 5 6 ,0 6 0 Breweries Dominion (£1) — 1 18 9 Dunedin (cum dlv.. £1) — 2 0 0 Timaru (in llqdn., £1) - 0 1 0 —* New Zealand (£1) 2 4 3 2 4 5 Swan (Ss) — 1 6 ' 9 Tooths (£1) 2 15 0 2 10 9 Gas Auckland (£1) 0 19 7 i 0 0 Christchurch (£1) 1 7 0 i 8 9 Miscellaneous Anthony Hordern (£1) 0 18 3 0 18 9 Aust. Glass (£1) 4 11 0 4 12 U Beath and Co. (£1) .. —. 1 1 6 Booth, Macdonald (pf.. £1) .. ' — a 2 6 British Tobacco (£1) .. 2 8 2 2 8 3 Broken Hill Pty. (£1) 3 0 3 3 0 5 Broken Hill Pty (con.) 1 15 0 1 15 9 David Jones (£1) 47 — 2 4 0 Colonial Sugar (£20) .. 17 6 — 6 Dominion Fert. (£1) .. 1 4 8 1 6 D.I.C. (pref.. £1) 1 3 0 •— Dunlop Rubber (£1) .. 1 2 3 1 2 5 Electro. Zinc (ord., £1) 2 1 9 2 2 4 Electro. Zinc (pf., 2 5 3 —• Evans Atlas Flour (10s) 0 19 0 9 G. J. Coles (£1) 3 19 6 3 19 Hay’s, Ltd. (con. 15s paid) 0 16 0 — Hay’s, Ltd. (£1 paid) .. 1 1 0 — Hume Pipe (Aust.) (1) 0 18 5 0 18 7 McKenzies Department 9 6 Stores (£1) — 3 N.Z. Drug (£2) — 3 8 6 N.Z. Farmers’ Co-op. (10s paid) — 0 0 3 N.Z. Farmers’ Co-op. 6 (A pref., £4) 1 10 0 1 19 N.Z. Farmers’ Co-op. 15 (B pref., £4) —- 1 0 N.Z. Farmers’ Co-op. (4} p.c. Stock, 1950, 96 £100) -• 95 0 0 0 0 N.Z. Farmers' Co-op. (4J p.c. Stock, 1955, 96 £100) — 0 0 N.Z. Farm. Fert, (£1) 0 18 0 0 19 0 N.Z. Newspapers (16/8) 1 17 0 2 0 0 Procera Bread (1 Os') — U 10 0 Quill, Morris (1936), 18 (£1) 0 3 — Taranaki Oil. (24/7) .. 0 7 9 0 7 10 United Provisions (£1) 0 6 3 — Woolworths (N.Z.), (5s 4 paid) 1 1 0 i 1 Woolworths (Sydney) S <«-d« ex rights. 5s) 1 2 i 2 4

Overseas Listing Buyers. Sellers. \ £ s. d. £ s. d. Woolworths (South Africa) (5s) 0 15 3 15 4 Mining Addison’s Fiat (Is) .. 0 1 2 Argo (Is) 0 18 — Argo (con.) .. 0 14 — Barrytown (£1) — 1 1 0 Big River (Is) 0 I 4 Austral (N.Z.) (17/6 paid) 0 18 6 Golden Sands (Is) .. — 0 1 11 Goldfields Dredg. ,{ls) 0 0 2 — Grey River (10s paid) 0 12 3 0 12 6 New River (Is) 0 0 4 0 0 6 Maori Gully (Is) 0 0 4i — Moonlight Gold. (8d paid) — 0 0 5^ Mossy Creek (Is) 0 0 9 0 1 2 Nemona (Is) — 0 1 8 Nokomai (5s) — 0 2 0 Skippers (Is) 0 0 01 0 0 02 Waihi Investments (5s) 0 8 10 — Waihi Grd, June. (2s) 0 2 9 0 3 0 Australian Mining Broken Hill Sth. (5s) 1 10 3 1 10 5 Mount Lyell (£1) 17 3 1 7 7 Emperor Fiji (10s) .. — 0 12 5 Mount Morgan (2s 6d) 0 9 01 0 9 1 Mount Morgan (pf., 8s paid) 0 9 1 0 9 4 Nth. Broken Hill (5s) 2 8 6 2 9 6 Rawang Tin (10s) 0 8 6 0 8 10

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. Alloy Steel (Aust.) .. — 0 15 0 Apex Mills .. — 0 12 6 Assoc. Motorists’ Pet rol (pref.) 1 5 0 1. 8 6 Blackball Creek — 0 1 c Christchurch Pregs .. 8 10 0 10 0 0 Mount Cook Tourists — 0 5 9 National Tobacco — 2 15 9 Ngahere — 0 9 6 N.Z. Perpet. Forests .. 2 0 0 w — Selfridges (A’asia.) .. 0 12 6 0 15 9 Selfridges (N.Z.) — 0 17 0 Selfridges (N.Z.) (con.) — 0 10 Westland %-eweries .. — 2 0 White's Electric 0 0 1 0 0 3 Woolworths (W.A.) .. 4 8 0 4 14 0

Ins. Stock, 1946-49, 4 p.c. 102 0 0 Commonwealth Bonds, 1947 p.c. .. • • Commercial Bank of Austr ‘4 102 10 0 alia 0 16 4 Commercial Bank of Aust. (pf.) 9 10 6 National Bank of New Zealand 2 14 4 Bank of New Zealand 2 3 9 National Insurance <zi 0 17 10 New Zealand Insurance 2 19 u South British .. .. (2) 2 4 3 Traders’ Finance (con.) 0 4 7 Auckland Gas .. (2) 0 19 6 Dominion Breweries .. 1 17 5 New Zealand Breweries (2) 2 4 3 Electrolytic Zinc (pref.) Farmers’ Trading (2) 2 6 0 1 0 3 Morts Dock 0 0 11 11 0 2 Unofficial List British Neon .. 9 0 4 0

Ins. Stock, 3i p.c., 1938-52 (2) 103 7 6 Taranaki Oil .. 0 0 7 8 11 1 (Above late Wednesday) Ins. Stock, 4 p.c., 1946 102 5 0 Ins, Stock, 4 p.c., 1949 102 6 3 Commercial Bank (prcf.) 9 11 0 South British Insurance • 2 « 4 Wellington Investment T. and A. 0 9 0 New Zealand Breweries .. 2 4 4 Dental and Medical 0 14 6 Electrolytic Zinc (ord.) (3) 2 2 0 G. J. Coles 4 0 0 McKenzies (2) 3 9 6 Taranaki Oil .* •• 0 8 0 Woolworths, Ltd. (ord.) (7) (2) 1 2 S Woolworths, Ltd. (rights) 0 0 3 3 6 9 0 3 3 Skippers, Ltd. .. • ■ , Bank of New South Wales (2) 0 0 31 19 04* 0

Sales onVCbange £ s. d. N.Z. Refrigerating (con.) .. 0 8 3 Taranaki Oil •• •• 0 7 9 Woolworths Property (rights) .. 0 2 6 Sales Reported Ins. Stock, <4 p.c., 1946-49 102 102 5 2 6 6 Ins. Stock, 4 p.c., 1952-55 104 104 2 0 6 0 South British Insurance 2 •4 3 National Mortgage 2 2 3 D.I.C. (pref.) .. •• •• 1 4 3 Broken Hill Proprietary 3 0 5 6 6 Hume Pipe '.. • • • • U iO 1 12 Dominion Brewery .. • • Broken Hill South • • (3) i 1U 4

Morning Sa)es A d. Comm. Bank , of Sydney 20 13 0 Australian Glass mm 4-12 British Tobacco • • z y British Tobacco (pref.) «*> 1 11 6 Broken Hill Pty. •• Cash Orders .. . * • • U II Electrolytic Zinc • • z z 9 Electrolytic Zinc (pref.) 2 6 6 Afternoon Sales Comm. Bank of Sydney 20 13 0 National Bank (£10 paid) 14 0 0 Colonial Sugar 48 10 0 New Zealand Insurance 2 19 9 Howard Smith 1 l\ Burns, Phllp 2 1Z y British Tobacco 2 9 0 Tooths Brewery 2 16 0 Carlton Brewery 3 5 6 Australian Glass .. 4 12 6 Dunlop Perdriau 1 2 8 Anthony Hordern 0.18 9 Lustre Hosiery 1 i 15 Morts Dock 0 11 0 Cash Orders 0 17 0 Felt and Textiles 1 13 0 Newbold Brick 1 11 3 Claude Neon .. 2 7 0 Woolworths 1 2 6 Wunderlich • .. 1 1 6 Miilaquin Sugar 1 17 3 Broken Hill Ply. 3 i. 0 South Broken ■ Hill 1 10 6 Placer Development 3 10 0 Emperor Gold 0 12 2 Loloma .. • X 3 0 Taranaki Oil .. 0 7 11

On the Melbourne Exchange c rices generallv imnroved and the restricted turnover yesterday was well distributed. Sales: — . ' £ s. d. Comm. Bank of Australia 0 16 7 National Bank (£5 paid) 6 19 0 Adelaide Steam 1 14 0 British Tobacco 2 7 9 Carlton Brewery 3 5 9 G. J. Coles 4 0 6 Drug Houses 1 6 0 Australian Iron and Steel (Pf.) 1 7 n Dunlop Perdriau 1 2 7 Dunlop Perdriau Cpref.) ■ X 17 3 Goldsbrough, Mort .. 1 10 0 Electrolytic Zinc 2 2 3 Electrolytic Zinc (pref.) 2 6 3 Mount Morgan 0 9 3 Mount Lyell X 7 9 Broken Hill Pty. 3 0 9 North Broken Hill 2 9 3 Broken Hill South 1 10 6 Emperor .. •*> 0 12 2 Loloma .. •» I 3 0

LONDON* April 27. April ,26. £ s. d. nl 557. s, d. Copper— Standard* spot 39 10 7J 39 15 0 Forward 39 15 7i w u $s Electrolytic to 43 15 0 44 10 0 43 iu u 44 10 0 Wire bars 44 10 0 44 10 0 Lead— Spot 15 1 10i 15 0 7J Forward • K 15 4- 4i 15 3 ; li Spelter— Spot 13 4 4i .13 12 6 Forward # , 13 14 4J 13 14 4j Tin— • Spot 165 5 0 164 15 0 Forward 166 2 6 165 7 t> Silver— Fine, per OZ 18 15-16d 18 13-16d Standard, per 20 7-16d 20 5-16d oz

(ixmsH ornciAi, wibzless.) RUGBY, April 27. Par. April 26. April 27. Paris, fr. to £1 124.21 160 7-32 16011-32 NeW dol° r to £1 4.866 4.98* 4.9811-16 MOn do e i al, to £1 4.866 5.011 5.01} B b , e S lgas to £1 35 29.58i 29.59}* to £1 25.2215 21.69 21.69 Amsterdam, £i 896 , 8.96 - “““ re to £1 92.43 94| 941 B Sen e t C o h il 20.43 12.40 12.40 Copenhagen, M _ 15fl 22.40 StOCkh k ° r ! m tb'£1-18.159 19.41 19.40} Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. • to £1 34.585 — ■ ■ £1 1M25 143i 143} H markf £ To S ’ £1 193.23 226} 226} Madrid, pese-' ■ / tas to £1 25.2215 — Lisbon, escu(Jos to £1 375 U0 3.16 110 3-16' Athens, drach • to £1 -375 547i 547} Bucharest, . lei to £1 813.60 6771 677} Belgrade. . dinars 376.3 216 216 Rio de Janeiro. ass.* .. *» 2i3-j. 213-16 Buenos Aires, pence to dol. 51 — Montevideo, 19| •. pence to peso • • 19| Bombay, pence 171 to ruped 18 18 Shanghai. 131 1415-16 pence to dol. • 13| Hong Kong, j... „ pence to yen • *415-16 Yokohama, _ 14 pence to yen 24.58 14 Batavia, 8.94} guilders 12.107 8.941 Warsaw, par zlotvs fo £1 43.38 — .. — • Determined by price of silver. BANK OF NEW SOUTH WALES Hie Bank of New South Wales quoted the following exchange rates ruling yesterday:— Buying. Selling N.Z. on London — 124/10/c £N.Z. to £100 stf. T.T. 124 O.D. 123/10/124/8/9 Australla— 100/10/£A. to £100N.Z. T.T. 101 O.D. 101 100/10/Fiji— _ , £F to £100 N.Z. T.T. 90/7/6 89 OX>. 90/7/6 89 New York — 3.9991 * Dol. to £1 N.Z. T.T. 4.0336 O.D. 4.0436 4.0031 Montreal — ' 4.0215 r Dol. to £1 N.Z, T.T. 4.0539 Q.D. 4.0669 4.0255 Austria — • * Schgs. to £1 N.Z. T.T. Not quoted O.D. Not quoted Belgium — * 23.671 Beiges to £1 N.Z. T.T. 23.981 O.D. 24.056 23.682 Czechoslovakia— Korunas to £1 NJE. T.T. — 114.27 O.D. — 114.32 Denmark— 17.893 Kroner to £1 NZ. T.T. 18.203 O.D. 10.263 17.899 Finland — Marks to £1 N.Z. T.T. 184.97 179.17 O.D. 185.37 179.27 France — Francs to £1 N.Z. T.T. — •127.02 O.D, — 127.06 Germany— ' Reichmarks 9.890 to £1 N.Z. T.T O.D. — 9.895 Greece— . Drachmae to £1 N.Z. T.T. — 429.54 O.D. — 429.84 Holland — 7.151 Florins to £1 N.Z. T.T. 7.301 OX), 7.341 7.155 Italy— . Lire to £1 N.Z. T.T. — 7555 O.D. — 76.00 Java — Florins to £1 N.Z. T.T. 7.279 7.129 O.D, 7.319 7.133 Norway— 15.892 Kroner to £1 N.Z. T.T. 16.182 OX). 16.242 15598 Noumea — v . 125.77 Francs to £1N.Z. T.T. — O.D. — 125.81 Papeete— 125.82 Francs to £1 N.Z. T.T. — O.D. — 125.86 Sweden — 15.497 Kronor to £1 N.Z. T.T. 15.792 O.D. 15.852 15503 Switzerland— Francs to £1 N.Z. T.T. 17.609 17.339 O.D. 17.714 17.344 Cheefoo — ■ N.Z. pence to dol. T.T. — 18 1-16 O.D. — 18 3-64 Hong Kong— 18J N.Z. pence to dol. T.T. 18} OX). 13 11-32 18J India and Ceylon— 22 21-64 N.Z. pence to rup. T.T. 22 3-64 OX). 22 1-64 22 21-64 Japan — 17 33-64 N.Z. pence to yen T.T. — O.D. — 17 33-64 Manila — 30 3-64 N.Z pence to peso T.T. 29 35-64 O.D. 2929-64 30 3-64 Shanghai — pence to dol. T.T. Not quoted O.D. Not quoted' Singapore — 34 61-64 N.Z. pence to dol. T.T. 3415-32 O.D. 342 34 61-64