THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22429, 16 June 1938, Page 13

THE STOCK EXCHANGES

DEALINGS INCREASE §

TARANAKIS AGAIN RISE

The Christchurch Stock Exchange yesterday was more active than recently, with most business in Australian industrials and mines. Taranaki Oils again rose and had sales at 14s lid.

Bank of New Zealand were easier at 43s 3d, market closing 3d either way. Sellers of Goldsbrough, Morts reduced their limits to 275, buyers at 26s 6d. New Zealand Breweries, ex dividend, were weaker, with sellers ana business at 41s, buyers at 40s 9d. Miscellaneous British Tobacco declined to 47s 3d and 47s Id, and more were offered at the lower price, buyers at 475. Broken Hill Proprietary were easier at 58s Od, 57s lid, and 58s, and more were offered at sbs Id. buyers at 57s lid. Sellers of the contributing came down to 35s 2d. Dunlop Rubber were fractionally weaker, with dealings at 20s 5d and further sellers at 20s 2d. Electrolytic Zinc, preference, eased to 40s 3d, and more were offered at 40s 2d. G. J. Coles declined to 80s lid, buyers staying in at that price, sellers at 81s Id. Moturoa Oil moved up to 5s lOd and 6s, and closed with buyers at 6s Id, sellers at 7s. Taranaki Oilfields advanced to dealings at prices ranging from 14s 8d to 14s lid, sellers staying in at the highest price, buyers at 14s lOd. A late sale of Wilcox Mofflin on Tuesday was reported at 6s, and there were dealings yesterday at 5s 8d and further sellers at that price. Woolworths, Ltd., were firm, with buyers and business at 20s 6d, sellers at 20s 7d. Woolworths Properties, “rights,” showed little variation with dealings at 3s 9d and 3s Bd, and these were sellers’ and buyers’ closing quotations respectively. Mining Goldfields Dredging had business at 23d. Broken Hill South, ex dividend, were weaker, with business at 25s 6d, and further sellers at 24s lid, buyers at 235. Mount Lyells, cum dividend, were easier, with dealings at 22s 6d. 22s sd, and 22s 3d, buyers staying in at the lowest price, sellers at 22s 4d. Mount Morgans were fractionally weaker at 8s 2d and 8s Id, market closing 8s buyers, 8s Id sellers. Sellers of North Broken Hill reduced their limits to 355, buyers at 34s 7d. Unlisted Stocks Blackball Creek had business at Is 3Jd, market closing id either way. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debentures 3i p.c. Ins.. 15/3/39-43 100 2 6 31 p.C. Ins., 15/9/39-43 100 0 0 3i p.c. Ins., 1938-52 .. 101 10 0 3J p.c. Ins., 1953-57 .. 33 p.c. Ins., 1941 .. 99 10 0 100 10 0 4 p.c. Ins., 1943-46 ..102 7 6 103 0 0 4 p.c. Ins., 1946-49 .. 102 15 0 4 p.c. Ins., 1952-55 (ex interest) .. .. 101 10 0 4 p.c. Bonds, 1946 .. 102 10 0 4 p.c. Bonds. 1949 ■.. 102 15 0 4 p.c. Bonds, 1955 (ex interest) .. .. 101 10 0 Other Debentures

MINING OKARITO The Okarito return is 30oz 16dwt for 112 hours. OPERATIONS IN FIJI Substantial economies will be effected by the two Fijian gold-paining companies, Emperor Gold Mining Company, Ltd., and Loloma (Fiji) Gold Mines N.L., as a result of the erection of a wharf and a lime plant. The erection of the wharf at Vatia will greatly facilitate the handling of mine stores, fuel oil,' and other goods. A site has been selected at Tau for the production of lime requirements for the Tavua field, and the necessary plant will be shipped from America on June 21. The Emperor company reports that its flotation plant was started on May 23. At the No. 2 (300 ft) level encouraging values were encountered in the north drive, which was begun off the 1720 ft west crosscut. Work on the Koroere area since its acquisition has been confined to prospecting. METALS MARKET

PRICE OF GOLD LONDON, June 14. G*®ld is quoted at £7 Os 8d a fine ounce. PRICE OF SILVER (BRITISH OFFICIAL WIRELESS.) ' RUGBY, June 14. Spot silver is quoted at 18|d a fine ounce, and forward at 18|d. BRITISH WAR LOAN (BRITISH OFFICIAL WIRELESS.) (Received June 15, 5.5 p.m.) RUGBY. June 14. British War Loan, 3J per cent., is

DEALINGS COMPLETED LISTED STOCKS Sales on 'Change £ s d. 100 Bank of N.Z. (2) 2 3 3 50 N.Z. Breweries (ex div.) 2 1 0 300 British Tobacco (cum div.) . • (4) 2 7 3 2 7 1 300 Broken Hill Propty. 2 17 11 (5) 2 18 0 200 Dunlop Rubber (2) 1 0 5 50 Electro. Zinc, (pref.) 2 0 3 50 G. J. Coles 4 0 11 300 Moturoa Oil (2) 0 5 10 0 6 0 900 Taranaki Oilfields (4) 0 14 11 0 14 10 (2) 0 14 9 0 14 8 0 14 11 100 Wilcox Mofflin 0 5 8 60 Woolworths Properties (rights) 0 3 9 0 3 8 100 Broken Hill South (ex div.) 1 5 6 550 Mount Lyell (cum div.) .. (3) 1 2 6 1 2 5 (3) 1 2 3 1000 Mount Morgan v3) 0 8 2 (3) 0 8 1 Sales Reported 100 Broken Hill Propty. 2 18 6 800 Taranaki Oilfields (2) 0 14 9 0 14 10 100 Wilcox Mofflin (late . sale Tuesday) 0 6 0 100 Woolworths (Sydney, ord.) 1 0 6 1000 Goldfields Dredging .. 0 0 2\ 300 Wilcox Mofflin 0 5 8 UNLISTED STOCKS Sale on ’Change 500 Blackball Creek 0 1 3J Banking

N.Z. Refrig.. 41 p.c., 10 1940-45 .. ..101 0 97 — C.F.C. 4J p.c.. 21/4/42 — 0 0 Cooke and Son, 5 p.c.. 100 29/4/47 .. .. 65 0 0 0 0 Fuller Hayward, £6 8s, 31/12/49 .. .. 60 0 0 — Banks Comm, of Aust. (10s) 0 15 9 0 15 11 Comm, of Aust. (pref., 8 £10) 9 0 0 9 0 Comm, of Sydney (£12 20 12 10s) .. v — 6 E.. S„ and A. (£3 pd.) 4 16 6 4 17 6 Natl, of Aus’asia (£10 13 6 paid) .. — 0 Natl, of A’asia (£5 12 paid) — 6 0 Natl, of N.Z. (cum div.. £2 10s) 2 13 6 — New Zealand (£1) 2 3 0 2 3 6 Union of Aust. (£5) — 8 12 6 Insurance National (7s paid) — 0 17 9 New Zealand (£1) .. , — 2 18 0 South British (10s) — 2 10 0 Standard (£1) — 2 18 0 Loan and Agency Goldsbrough. M. (£1) 1 6 6 1 7 0 Natl. Mortgage A (£2) 2 2 0 — N.Z. Guar. Corpn. (3s) 0 4 3 0 4 6 N.Z. Loan and Mercantile (£100) — 39 > 0 0 United' Building (£1) 1 0 3 1 1 6 Frozen Meat N.Z. Refrig. (£1 paid) — 0 18 7 N.Z. Refrig. (10s paid) 0 8 4 0 8 6 • Woollens Bruce (pref., £1) 1 2 0 Felt and Textiles (£1) 1 10 7 1 11 8 Kaiapoi (17s paid) 0 10 0 0 11 9 Kaiapoi (7s paid) 0 4 3 Kaiapoi (pref., 17s) .. Manawatu (£1) — 0 17 0 1 13 0 Timaru (£ 1) — 0 12 0 Coal Pukemiro (£1) 0 18 0 Westport-Stockton (10s) 0 3 0 0 3 6 Westport-Stockton (pf.. 10s) 0 6 2 0 7 0 Gas Christchurch (£1) 1 7 0 1 8 0 Breweries Dominion (£1) 1 18 0 New Zealand (ex div.. £1) 2 0 9 2 1 0 Timaru (in liqdn.) 0 0 11 0 1 0 Tooheys (16s) — 1 11 3 Tooths (£1) a 2 13 0 2 13 9 Miscellaneous Andersens (pf., £1) .. — 0 19 0 Anthony Hordern (£1) 0 16 8 0 17 1 Aust. Glass (cum div.. £1) 4 11 6 4 12 3 Beath and Co. (£1) .. — 1 0 0 Booth, Macdonald (pf.. £1). 0 1 11 0 2 1 Broken Hill Pty. (£1) 2 17 11 2 18 1. Broken Hill Pty. (con.) 1 14 10 1 15 2

Buyers Sellers £ s. d. £ s. d. Consolid. Brick (cum div., £1) .. .. 0 8 3 0 9 1 Dominion Build, (cum div., 10s) .. .. 0 5 0 0 5 3 Dominion Pert. (£1) .. 1 3 9 1 5 3 Donaghy Rope and Twine (£1) .. — 2 6 6 D.I.C. (10s paid) .. 0 14 0 — D.I.C. (pref., £1) .. 13 0 — Dunlop Rubber (£1) .. 0 19 9 1 0 2 Electro. Zinc lord., £1) — 1 15 6 Electro. Zinc (pf., £1) 1 19 10 2 0 2 Evans Atlas < Flour (10s) .. .. 0 19 0 — G. J. Coles (£1) .. 4 0 11 4 1 1 Greater Crystal (£1) — 0 15 0 Hay’s. Ltd. (con., 15s paid) .. .. 0 17 0 — Hume Pipe (£ 1) .. — 0 19 1 I :yland O’Brien (5s) — 0 18 0 Millaquin Sugar (£1) 1 17 0 — Moturoa Oil (5s) .. 0 6 1 0 7 0 Macduffs (pref., £1) .. — 0 17 6 McKenzies (£1) .. — 3 3 9 N.Z. Drug (£2) .. 3 7 0 3 8 6 N.Z. Farmers’ Co-op. (£2 10s paid) .. 0 2 6 0 12 0 N.Z. Farmers’ Co-op. (10s paid) .. .. — 0 0 1 N.Z. Farmers’ Co-op. (A pref., £4) .. 1 15 0 2 0 0 N.Z. Farmers’ Co-op. (44 p.c. Stock, 1950, £100) .. .. — 94 5 0 N.Z. Newspapers (16/8) — 1 16 6 N.Z. Paper Mills (£1) 0 19 9 1 0 9 Quill. Morris, (1936) (£1) 0 18 6 — Standard Cement (10s) 0 19 3 1 0 0 Taranaki Oil. (24/7) .; 0 14 10 0 14 11 Wilcox Mofflln (11s) 0 5 5 0 5 8 Woolworths (Sydney) (ord., 5s) .. .. 10 6 1 0 7 Woolworths (N.Z.) (ord., cum div., 5s) 1 0 0 1 1 0 Woolworths Properties (rights) .. .. 0 3 8 0 3 9 Overseas Listings Woolworths (S. Africa) ,(5s) .. .. 0 15 10 0 16 0 Mining Alexander (£1) .. 0 6 0 — Alexander (15s paid) — 0 10 0 Argo (cum div.. Is) — 0 2 1 Argo contr.) .. 0 1 5 — Big River (Is) .. — 0 1 1 Clutha River (2s) .. 0 2 0 0 2 6 Gillespie’s Beach (Is) 0 0 7 0 0 94 Golden Sands (Is) .. — 0 1 6 Goldfields Dredg. (Is) 0 0 24 0 0 6 Grey River (10s paid) 0 12 0 0 12 1 Mossy Creek (Is) .. — 0 1 2 Nemona (cum div., Is) 0 1 54 0 1 7 New River (Is) .. X) 0 24 0 0 54 Skippers (Is) .. 0 0 04 0 0 1 Worksop Extend. (Is) 0 0 9 — Australian Mining Broken Hill Sth. (ex div., 5s) .. .. 13 0 1 4 11 Mount Lyell (cum div., £1) .. ..12 3 1 2 4 Mount Morgan (cum div, 2s 6d) .. 0 8 0 0 8 i Mount Morgan (pref.. £1) .. ..11 0 — Mount Morgan (13s paid) .. .. 0 13 1 0 13 7 North Broken Hill (cum div., 5s) .. 1 14 7 1 15 0 Rawang Tin (10s) .. 0 8 0 0 8 3 UNLISTED STOCKS All transactions in stocks quoted In this section are subject to a differen rate oi brokerage from listed stocks. anc are not quoted on the official list;— Buyers. Sellers. £ s. d. £ s. d. Ballins Breweries (15s paid) .. .. — 0 13 9 Blackball Creek .. 0 1 3 0 1 4 Coulls. Somerville .. — 0 17 0 Mt. Cook Tourists .. — 0 5 2 N.Z .'-Perpetual Forests — 2 2 0 N.Z. Perpetual Forests (4s paid) .. . • — 0 15 0 Seifridges (N.Z.) .. — 0 17 Thyrodone .. — 1 10 0 Timaru Lime .. 0 19 0 1 1 0 Westland Breweries (cont.) .. .. 12 0 — Woolworths (W.A.) .. — 4 10 0 AUCKLAND Sales on ’Change £ s. d. 4 p.c. Govt. Bonds, 1943-46 . 103 0 0 Mount Eden. 44 p.c., 1958-63 . 104 15 o. Australian Glass 4 12 Broken Hill Pty. 2 18 Bycrof t . • 2 1 Dunlop Perdriau 1 0 Farmers’ Trading 1 1 G. J. Coles 4 1 9 Electrolytic Zinc (ord.) 1 15 3 Moturoa Oil 0 5 0 5 5 0 5 7 0 5 H 0 5 9 0 15 0 (2) 0 14 10 0 15 0 Woolworths (Sydney) 1 0 6 Woolworths Properties (rts.) (2) 0 3 Golden Crown 0 2 b Overseas List Woolworths Holdings (S.A.) 0 16 0 WELLINGTON Sales on ’Change £ s. d. Henry Jones Co-op. 2 7 6 Moturoa Oil 0 5 7 (Both late Tuesday) Taranaki Oil 0 14 94 (2) 0 15 0 0 15 3 34 p.c. Ins. Stock, 1939-43 . 100 0 0 34 p.c. Ins. Stock, 1953-57 98 0 0 34 p.c. Ins., Stock, 1938-53 • . 101 10 0 Bank of New Zealand 2 3 8 Australian Glass 4 12 6 British Tobacco 2 7 6 Consolidated Brick • .. (3) 0 8 » G. J. Coles 4 1 6 (2) 4 1 4 Moturoa Oil .. (5) 0 5 8 Taranaki Oil 0 15 0 0 14 94 0 14 .1 0 14 .0 0 14 114 (3) 0 14 10 Woolworths (Sydney) 1 0 6 Woolworths Rights (2) 0 3 9 (3) 0 3 .0 0 3 1 0 3 9 Wilson’s Cement 0 16 44 Big River 0 1 0 DUNEDIN Sales on ’Change £ s. d. Moturoa Oil (ord.) 0 5 11 British Tobacco 2 7 3 Mount Morgan 0 8 3 0 8 2 Woolworths Properties (rights) 0 3 8 Sales Reported Moturoa Oil (ord.) 0 5 6 0 5 7 (Both late Tuesday) British Tobacco 2 7 6 Broken Hill Pty. .. (2) 2 18 6 Moturoa Oil (ord.) 0 5 9 0 5 1 Taranaki Oil 0 14 9 Mount Morgan 0 8 3 Sales After Call Broken Hill Pty. .. (2) 2 18 3 2 18 1 Broken Hill South 1 5 0 Mount Morgan 0 8 2 North Broken Hill 1 15 0 SYDNEY The recent weakness In industrials was not checked on the Sydney Stock Exchange yesterday. Practically all sales were lower. Taranaki Oils were again active, but, with profit-taking the shares receded from 15s, at which they opened. to 14s 2d. Morning Sales £ s. d. Com. Bank of Australia 0 16 14 Tooths 2 14 9 Australian Gas (A) 7 10 0 Associated Newspapers (pref.) 1 3 9 Anthony Hordern 0 17 3 Australian Iron and Steel (pf.) 1 7 9 Henry Jones 2 7 Afternoon Sales Bank of New South Wales 31 17 6 Comm. Bank of Sydney 20 13 0 Bank of New Zealand 2 3 6 Colonial Sugar 47 15 0 ' Huddart-Parlcer 2 6 3 Australian Gas (A) 0 7 10 British Tobacco 2 7 6 Tooths 2 14 0 Tooheys 1 11 n G. J. Coles 4 1 6 Australian Class 4 13 6 Dunlop Perdriau 1 0 3 Woolworths 1 0 74 Gordon and Gotch 2 12 6 Wilcox, Mofflin , . . 0 5 6 Electrolytic Zinc 1 15 6 Electrolytic Zinc (pref.) 2 0 6 Mount Morgan 0 8 2 Mount Lyell 1 3 74 Zinc Corporation 3 4 3 Loloma .. 1 1 9 Taranaki .. .. 0 14 2

LONDON, June 14. June 13. ■ June 14., Copper— £ s. d. £ s. d. Standard, spot 34 11. 3 33 13 1£ Forward 34 15 7i 33 18 Electrolytic 38 10 0 38 0 0 to 39 10 0 39 0 0 Wire bars 39 10 0 39 0 0 Lead — Spot 13 9 4J 13 6 3 Forward 13 9 4i 13 6 10J Spelter— Spot 12 7 6 12 8 1J Forward 12 11 10J 12 11 101 TinSpot 172 10 0 170 2 6 Forward T , 173 5 0 171 0 0 Silver — Fine, per OZ. 18 15-16d 18Jd Standard, oz. per 20 7-16d 20Jd

auoted at £101 15s. MELBOURNE The market Is steady. without being over active. Sales: — £ s. d. Comm. Bank of Australia 0 16 4 National Bank (£5 paid) 6 12 6 National Bank (£10 paid) 13. 6 0 Australian Manufacturers (pf.) 1 4 6 Huddart-Parker . - , 2 6 0 G. J. Coles - .. 4 1 6 Drug Houses 1 5 0 Dunlop Perdriau .. 1 0 3 Goldsbrough, Mort i 7 3 Yarra Falls 1 17 10 Herald and Weekly Times 2 17 0 Mount Morgan 0 8 3 Mount Lyell 1 2 9 Broken Hill Pty. 2 18 6 Broken Hill Pty (new issue) .. 1 15 6 North Broken Hill. * .. 1 15 6 South Broken Hill 1 5 0 Emperor .. .. 0 12 3 Loloma 1 1 6

LONDON LONDON, June 14. Buyers. Sellers. £ s. d. £ s. d. Clutha River .. 0 1 7i 0 1 104 Molvneux River .. 0 1 14 0 1 44 May 31. June 14. Banks— £ sd. £ s. d. Australasia •. 7 12 6 7 10 0 E., S„ and A. ..3 16 6 3 15 6 Union of Aust. .. ,6 2 6 5 IS 9 New South Wales .. 24 12 6 24 10 0 National of N.Z. .. 2 0 0 2 1 6 New Zealand .. 1 13 9 1 13 6 Others — N.Z. Loan and Merc. (ord.) .. 26 0 0 25 0 0 (4 o.c. debs.) .. 90 0 0 90 0 0 June 7. June 14. £ s. d. £ s. d. British Tobacco .. 1 16 9 1 16 9 Goldsbrough, Mort 1 3 9 1 3 9 Dalgety .. 6 7 6 6 5 0 P. and O. ..10 9 1 1 0

FOREIGN EXCHANGES (BKTTISB OrrtCUL WIBELXSS.l RUGBY. June 14. Par. ' June 13. June 14. Paris, fr. to £1 179 1782 178 25-64 New York, dol. to £1 4.866 4.96 11-16 4.962 Montreal, dol. to £1 4.866 5.024 5.022 Brussels, belgas to £1 35 29.264 29.244 Geneva, fr. to £1 25.2215 21.69 21.66 Amsterdam, fl. to £1 12.107 8.&>a 8.96 Milan, ' lire to £ 1 92.43 942.. 942 Berlin, reichmarken to £1 20.43 12.324 12.314 Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm, kr to ,£1 18.159 19.394 19394 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 — — Prague, . kr. to £1 154.25 142 13-16 142 13-16 Helsingfors, marks to £1 193.23 227 227 Madrid, pesotas to £1 25.2215 — — Lisbon, escudos to £1 375 1104 1104 Athens, djrach to £1 375 547J 5474 Bucharest, lei to £1 818.60 6724 6724 Belgrade, dinars 3763 212 212 Rio dc Janeiro, ■ pence to milreis 4.90 2 13-16 2 13-15 Buenos Aires, pence to dol. 51 19.02 19.02 Montevideo, pence to peso * ■ 20 20 Bombay, pence to rup. • 17 51-64 17 51-64 Shanghai. 82 pence to rup. 8 Hong Kong. pence to yen • - 14 15-16 14 15-16 Yokohama, pence to. yen 24.58 14 14 Batavia, guilders 12.107 8.944 8.944 Warsaw, par zlotys to £1 43.38 —■ •Determined by price of silverASSOCIATED 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. CanadaPer £1 N.Z. Selling— Dol. Dol. T.T. 3.982 4.03 9-16 O.D. 3.994 4.04 Buying— T.T. - 4.02 1-16 4.062 O.D. •• 4.03 1-16 4.08 Do you know—? Your “Wants” ire not left “Wanting" if you advertise three days 2/6 —6

THE BANK OF NEW SOUTH WALES The Bank of New South Wales quoted the following exchange rates yesraer* day:— Buying. KJZ. on £NX to £100 stg. T.T. 124 isirw> OJJ- 125/10/bi/u Australia — £ A. to £100 N-Z-t.t. iei nvw* O.D. iai £F. to £100 NZ. T.T. 96/7/6 S3 OD. 9B/7/S S3 Dol. to £1 N-Z. T.T. 40215 Z3 B3Q on. Aims Montreal — Dol. to £1 N.Z. T.T. 4JKSS idOQ OJJ. USK 4iMn Belgium Belgas to £1 NZ t.t. sagas OX>. 23.710 Czechoslovakia — Korunas to £1 NZ T.T. — 1X8.77 OJJ. — uxas Denmark— Kroner to £1 NZ T.T. 363BS CTJ68 OJJ. 1S3S3 1X699 Finland — Marks to £1NZ T.T- 185.49 73666 on. 17X39 France— Francs to £1 NZ T.T. — MXS7 OH. — 14X61 Gertnany-r-Heichmarks to £1 NZ T-T. — X6» OJJ- — 9JB4 Greece— Drachmae to £1 K-Z- T.T. — 015S OH. — .gwa Holland— Florins to £1 N-Z-T.T. TJO 1» OJJ. THIS 7J34 Italy— Lire to £1 NZ T-T. 7564 OJJ. — 7S66 java— Florins to £1 NZ T.T. 723 7J29 OJJ. 7J3 T» Norway— Kroner to £1 NZ T-T. 3SJSS isaat OJJ. K2C 13£56 Noumea— Francs to £1 NZ T.T. — 14639 ' OJX — HHiTt Papeete— Francs to £1 NZ T.T. — 14631' OJJ.— Matm Sweden— Kronor.to £1 NZ T-T- 15.735 13.496 OJX 1UB 1SMS Switzerland— Francs to £1 NZ T-T. 17.533 173SS * OJX 17.680 17396 Chefoo— 'NZ pence to dol T.T. — U15-1S OJJ- — 1156-66 Hong Kong— N2. pence to doL T.T- 182 1S2 ojj. nn-a m India and Ceylon— N.Z. peace to rup. T.T. a SIS* 291S-66 OJX S3 56-64 2315-64 Japan— N.Z. pence to yen W — 179-IS OJJ. — 276-16 Manila— N.Z. pence to peso T-T- 2949-64 ttVLil OJX 2943-64 3017-S4 Shanghai— NZ pence to doL T.T. Not Quoted. OJX Not Quoted. Singapore— i NZ. pence to dol. T.T. 3419-64 3423-39 OJJ. 3413-64 3423-39