THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22430, 17 June 1938, Page 13

THE STOCK EXCHANGES

DEALINGS COMPLETED LISTED STOCK Sales on 'Change £ s. d.

Dalgety and Company declined to £7 17s 6d, buyers staying in at that price, sellers at £7 18s. Goldsbrough, Morts were easier with dealings at 26s 9d and 26s 8d and further sellers at the lower price. New Zealand Refrigerating, 10s paid, were fractionally firmer with buyers and business at 8s sd, sellers at 8s 6d Sellers of Felt and Textiles reduced their limits to 31s, buyers at 30s 3d. New Zealand Breweries, ex dividend, were firmer with sellers and dealings at 41s 3d, buyers at 41s Id, Tooth’s Brewery were weaker with sellers at 53s 6d. Miscellaneous British Tobacco were fractionally weaker at 475, and more were offered at 46s lid, buyers at 46s lOd. Sellers of Broken Hill Proprietary came down to 57s Bd, buyers at 57s 7d. Dominion Builders, cum dividend, were firmer at 5s 3d and late buyers at 5s failed to attract sellers. Sellers of Electrolytic Zinc reduced their limits to 35s 6d. G. J. Coles were fractionally firmer at 81s Id, sellers staying in at that figure, buyers at 81s. Moturoa Oil moved up to 6s 3d. market closing Id either way. Taranaki Oilfields relapsed to 14s 4d. 14s 3d. and 14s 2d. and there were further sellers at the lowest price Wilcox Mofflin were easier with business at 5s 6d and further sellers at 5' sd. Woolworths. Limited, remained unaltered at 20s 6d. Woolworths Properties “rights” appeared stronger with dealings at 3s 9d and 3s lOd. and further buyers at 3s 9d. sellers at 3s lid Mining Broken Hill South. ex dividend, dropped to 24s _9d and more were offered at that price. Mount Lvells were firm with dealings at 22s 4d and 22s sd. and further buyers at the higher price, sellers at 22s 6d. Mount Morgans appeared stronger with dealings at 8f o «vL and further buvers at 8s 2d—the nreference 12s paid changed hands at 13s 4d. LATEST QUOTATIONS

AUCKLAND Sales on ’Change

DUNEDIN Sales on ’Change

LONDON

MODERATE LOCAL TURNOVER PRICES AGAIN IRREGULAR The Christchurch Stock Exchange yesterday was moderately busy, with prices irregular. Taranaki Oils were cheaper.

UNLISTED STOCKS 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:—

WELLINGTON Sales on ’Change £ s. d.

SYDNEY Sydney investors are still cautious, and the weakness on the Stock Exchange continues. However, inquiry for metal shares is stronger. Morning Sales £ s. d.

MELBOURNE Sales

FOREIGN EXCHANGES (BBTTISa OFTTCIAL WIRELESS.) I - RUGBY, June 15. Par. June 14. June 15 .

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.

THE BANK OF NEW SOUTH WALES The Bank of New South Wales quoted the following exchange rates yesterday Buying. Selling.

100 Dalgety and Co. (2) 7 17 6 300 Goldsbrough, Mort (cum div.) 1 6 9 (2) 1 6 8 100 N.Z. Refrig. (10s pd.) 0 8 5 150 N.Z. Breweries (ex div.) (2) 100 British Tobacco (cum 2 1 3 div.) 2 7 0 200 Dominion Builders (cum div.) 0. 5 3 50 G. J. Coles 4 1 1 900 Taranaki Oilfields 0 14 4 (6) 0 14 3 (2) 0 14 2 300 Woolworths (Syd., ord.) (3) 1 0 6 150 Woolworths Properties (rights) (2) 0 3 9 100 Broken Hill South (ex div.) 1 4 9 200 Mount Lyell (cum div.) 1 2 4 1 2 5 500 Mt. Morgan (cum div.) ‘ (2) 0 8 1 (3) 0 8 24 100 Mt. Morgan (pf., 12s pd.) (2) 0 13 4 Sales Reported 300 Moturoa Oil 0 6 3 100 Wilcox Mofflin 0 5 6 100 Woolworths Properties (rights) 0 3 10 Loan

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debentures 3i p.c. Ins., 15/3/39-43 100 2 6 100 10 0 3i p.c. Ins., 15/5/38-52 101 10 0 — 3i p.c. Ins., 1939-52 .. 101 5 0 102 0 0 3J p.c. Ins., 1953-57 — 99 7 6 3l p.c. Ins., 1938-41 99 12 6 100 10 0 4 p.c. Ins., 1946 102 7 6 103 0 0 4 p.c. Ins., 1949 102 10 0 103 0 0 4 p.c. Bonds, 1946 10210 0 — Other Debentures Mt. Eden Borough, 44 p.c. (1/4/49) 103 0 0 104 5 0 Port Chalmers Borough, 44 p.c. (1/4/50) — 105 10 0 C.F.C.A., 4i p.c., 21/4/42 — 97 0 0 Gisborne Sheepfarmers, 6J p.c. (31/8/41) 101 10 0 — N.Z. Refrig., 44 p.c. (1/8/40-45) 101 10 0 — Cooke and Son, 5 p.c.. 29/4/47 70 0 0 100 0 0 Dominion Fertiliser, 7i p.c., 1/2/31 103 0 0 — Banks Adelaide (£5) — 6 0 0 Australasia (£5) 9 5 0 9 15 0 Comm, of Aust. (10s) 0 15 9 0 IS 11 Comm, of Aust. (pref.. £10) — 9 8 0 Comm, of Sydney (£12 10s) — 20 12 6 E., S., and A. (£3 pd.) 4 16 6 4 17 9 Natl, of N.Z. (cum div.) 2 13 6 — N.S.W. (£20) — 31 17 6 New Zealand (£1) 2 3 3 2 3 9 N.Z. (Mort shares, £1) 1 9 8 — Union of Aust. (£5) — 8 12 0 Insurance National (7s paid) — 0 17 9 New Zealand (£1) 2 16 0 2 18 0 Standard (£ 1) — 2 18 0 Loan and Agency Dalgety and Co. (£5) 7 17 6 7 18 0 Goldsbrough, M. (cum div., £1) 1 6 6 1 6 8 Natl. Mortgage A (£2) 2 3 0 2 9 0 N.Z. Guar/ Corpn. (3s) — 0 4 6 N.Z. Loan and Mercantile (ord. stk., £100) — 39 0 0 United Building (£1) — 1 0 9 Shipping N.Z. (pref., £10) 11 10 0 — Union (pref., £1) — 1 7 0 Frozen Meat Cantby. (£7 10s pd.) 9 0 0 10 3 9 Cantby. (pref., £5) 6 2 6 — N.Z. Befrig. (£1 pd.) — 0 18 6 N.Z. Refrig. (10s pd.) 0 8 5 0 8 6 Nth. Cant. Freezing (pref., £1) — 0 18 0 Woollens Felt and Textiles (£1) 1 11 0 Kaiapoi (17s paid) 0 10 1 0 11 9 Kaiapoi (7s paid) 0 3 3 0 4 0 Kaiapoi (pref., 17s) .. — 0 17 0 Manawatu (£1) — 1 13 0 Timaru (£1) — 0 12 6 Coal Westport (10s) 1 3 9 Westport-Stockton (10s) 0 3 , 3 0 3 6 Westport-Stockton (pf.. 10^) 0 6 4 0 7 0 Gas Auckland (£1) 1 0 10 Auckland (con., 15s pd.) 0 13 9 Christchurch (£1) .. 1 7 2 1 7 8 Breweries New Zealand (ex div.. £1) 2 1 1 2 1 3 Timaru (in liqdn.) 0 0 10 Tooheys (16s) — 1 11 3 Tooths (£1) — 2 13 6 Miscellaneous Andersons (pf.. £1) .. 0 19 0 Anthony Hordern (£ 1) 0 16 5 0 16 10 Aust. Glass (cum div.. £1) 4 11 11 4 12 8 Beath and Co. (£1) .. — 1 0 0 Bartholomew Timber (£1) 0 15 0 0 17 0 Booth, Macdonald tpf.. £1) 0 1 11 0 2 2 British Tobacco (cum div., £1) 2 6 10 2 6 11 Broken Hill Pty. (£1) 2 17 7 2 17 8 Broken Hill. Pty. (con.) 1 14 7 1 15 1 Colonial Sugar (£20) 47 0 0 47 7 6 Consolid.' Brick (cum div., £1) 0 8 4 0 9 0 Dominion Build, (cum div., 10s) 0 5 0 — Dominion Fert. (£1) .. 1 3 9 1 5 3 Donaghy Rope (£1) — 2 6 6 D.I.C. (10s paid) 0 14 3 — Dunlop Rubber (£1) .. 0 19 7 0 19 9 Electro. Zinc (ord., £1) 1 14 3 1 15 0 Electro. Zinc (pf., £1) 1 19 11 2 0 1 Evans Atlas Flour (10s) 0 19 6 — G. J. Coles (£1) .. 4 1 0 .4 1 1 Hay’s. Ltd. (con.,- ,15s paid) M 0 17 0 : —

Buyers Sellers Hume Pipe (Aust.), £ s. d. £ s. d. (£1) 0 18 6 0 19 1 Farmers’ Trading (£1) — 1 0 10 Millaquin Sugar (£1) 1 17 0 — Moturoa Oil (5s) 0 6 2 0 6 4 Macduffs (pref., £1) .. — 0 19 0 Macduffs (ord., £1) .. — 0 17 6 McKenzie’s, Ltd. (£1) — 3 3 0 N.Z. Drug Co. (£2) .. N.Z. Farmers’ Co-op. 3 7 0 3 9 0 (£2 10s paic:) N.Z. Farmers’ Co-op. 0 2 6 — (10s paid) N.Z. Farmers’ Co-op. — 0 0 1 (1st pref., £5) N.Z. Farmers' Co-op. 3 0 0 — (A pref., £4) N.Z. Farmers’ Co-op. (4 1 p.c. Stock, 1955, 1 19 9 £100) — 94 0 0 N.Z. Farm. Fert. (£1) — 1 0 0 N.Z. Newspapers (16/8) 1 15 0 1 16 0 N.Z. Paper Mills (£1) Quill. Morris. (1936) 0 19 9 10 6 (£1) 0 18 9 — Radio (1936) (10s) .. — 0 19 0 Standard Cement (£1) 0 19 0 10 0 Taranaki Oil. (24/7) .. 0 14 1 0 14 2 Unitea Provisions (£1) — 0 7 6 Thames Theatre (£1) — 0 18 0 Wilcox, Mofflin (11s) .. Woolworths (Sydney) 0 5 3 0 5 5 (ord., 5s) Woolworths (Victoria), 1 0 5 10 6 (pref., £1) .. Woolworths (N.Z.) — 1 10 0 (cum div., 5s paid) .. Woolworths Properties 1 0 1 1 0 11 (rights) .. 0 3 Overseas Listings Woolworths (S. Africa) 9 0 3 11 (cum div., 5s) .. 0 15 Mining 5 Alexander (£1) 0 6 0 — Alexander (15s paid) — 0 10 0 Argo (cum div., Is) .. 0 1 9 0 2 0 Argo (con., cum div.) Big River (Is) 0 1 5 — 0 0 Hi Oil Clutha River (2s) 0 2 0 0 2 6 Golden Dawn (5s) — 0 2 5 Goldfields Dredg. (Is) 0 0 22 0 0 3 Golden Sands (Is) — 0 15 Grey River (10s paid) 0 12 0 0 12 1 Kildare (2s) — 0 2 9 Maori Gully (Is) 0 0 43 — Martha (5s) Moonlight Gold. (8d — 0 12 0 paid) — 0 0 6 Mossy Creek (Is) — 0 11 Nemona (cum div., Is) 0 1 5 0 1 • 8 New River (Is) 0 0 32 0 0 6 Okarito (5s) Mining House Conces- — 0 2 0 sions (Is) 0 0 1 — Skippers (Is) .. . 0 0 0i 0 0 1 Waitahu (5s) 0 0 7 — Worksop Extend. (Is) 0 0 Australian Mining Broken Hill Sth. (ex 9 0 13 div., 5s) Mount Lyell (cum div., 1 4 8 14 9 £1) Mount Morgan (cum 1 2 5 12 6 div., 2s 6d) Mount Morgan (pref., 0 8 2 0 8 2i 12s paid) North Broken Hill 0 13 2 0 13 6 (cum div., 5s) 1 15 6 1 15 11 Rawang Tin (10s) 0 8 1 0 8 3 Wellington Alluv. (2s) 0 5 3 0 6 3 V '

Buyers. Sellers. £ s. d. £ s. d. A.P.A. 0 9 0 — Ballins Breweries 0 12 3 0 13 9 Blackball Creek 0 I 0 0 X 4 Carbonic Ice 1 3 0 — Coulls, Somerville .. — - 0 17 0 ' Kanieri 1 1 0 1 3 9 Natl. Tobacco 1 12 6 2 7 0 Mount Cook Tourists —• 0 5 2 N.Z Perpetual Forests — 2 2 6 N.Z. Mining Invest. .. — 0 0 3 Selfridges' (N.Z.) — 0 17 0 Thyrodone ~ 1 XO 0 Westland Breweries .. — 2 0 0 Westland Breweries (cont.) 1 2 0 —■ Timaru Lime 0 19 0 1 1 0 Woolworths (W.A.) . • — 4 10 0

4 p.c. Ins. Stock, 1952-55' (2) £ 102 s. 0 d. 0 Bay of Plenty Power Board n.c.. 1965 41 105 0 0 Mt. Eden Boro’, 4i p.c., 1956-61 104 10 0 Mt. Eden Boro*. 41 p.c., 1953-58 104 5 0 Bank of New Zealand .. 2 3 6 N.Z. Insurance 2 17 3 Newton King (pref.) .. 0 8 11 Auckland Gas * , 1 0 6 Devonport Ferry • , 1 0 3 Anthony Hordern - • , 0 17 2 Broken Hill Pty. . , 2 18 3 Colonial Sugar- „ , 47 8 9 Electrolytic Zinc (pref.) Farmers’ Trading 2 0 6 1 1 0 Hill and Plummer 0 19 0 Moturoa Oil (2) 0 6 0 N.Z. Newspapers 1 15 3 N.Z.» f Paper Mills 1 0 4i Taranaki Oil (2) 0 14 3 Woolworths (Sydney) 0 1 14 0 2 6 Woolworths Properties (rts.) (2) 0 3 8i 0 3 9 Unofficial List Farmers’ Co-operative Organisation (Hawera) 8 0 0 Coromandel Gold 0 1 2

Taranaki Oil 0 14 9 Moturoa Oil 0 5 8 Wellington Alluvials 0 5 10 (All above late Wednesday) Bond s Hosiery Mills .. 0 IS 0 New Zealand Breweries 2 1 3 Colonial Sugar # t 47 9 0 Moturoa Oil 0 6 0 0 6 1 0 6 3 0 6 1 (2) 0 6 2 Taranaki Oil 0 14 5 0 14 4 (7) 0 14 3 Woolworths Rights (4) 0 3 10 Big River 0 1 0 Mount Lyell . , 1 2 6 1 2 8

£ s. d. Taranaki Oil , 0 14 5 Broken Hill Pty. 2 17 9 Mount Morgan .. (2) 0 8 4 Sales, Reported G. J. Coles .. 4 1 3

Clutha River Company (buyers) £ s. d. 0 1 7i (sellers) 0 1 lOi Molyneux River Company . (buyers) 0 1 li (sellers) 0 1 '4i New Zealand Loan and Mercantile (ord. stock) 28 0 0 New Zealand Loan and Mercantut (pref.) 75 0 0

Commercial Bank of Sydney 20 12 0 Tooths 2 13 6 Tooths (N.Z. delivery) 2 13 6 Associated Newspapers 1 1 0 Anthony Hordern 0 17 0 Australian Glass 4 13 3 British Tobacco 2 7 6 Broken Hill Pty. 2 18 6 Dunlop Perdriau 1 0 0 G. J. Coles 4 1 fi Morts Dock 0 10 9 Afternoon Sales Bank of New South Wales 31 15 0 Queensland National Bank 5 y a Colonial Sugar 47 10 0 South British Insurance 2 7 6 Howard Smith 1 1 0 Burns, Philp (contr.) .. 2 8 0 Associated Newspapers (pf.) 1 3 101 Tooths 2 13 9 Tooheys 1 11 71 G. J. Coles 4 1 6 Standard Cement 0 19 9 R. Fowler ;. 0 19 9 Newbold Brick 1 11 3 Gordon and Gotch 2 11 9 Australian Guarantee Corpn. 1 1 41 Gbldsbrough, Mort. 1 7 0 Wilcox, Mofflin ' .. 0 5 5 Mount Morgan 0 8 5 Mount Lyell 1 2 9 Rawang Tin 0 8 2 Larut 0 12 3 Doloma 1 1 1°, Taranaki Oil , , , 0 14 i 1

National Bank (£5 paid) £ . 6 s. 12 d. 6 Australian Paper Mfrs. (pref ) 1 4 6 British Tobacco . 2 7 6 G. J. Coles . 4 1 9 Australian Glass 4 13 6 Dunlop Perdriau . 0 19 10 Goldsbrough, Mort. . 1 7 0 Felt and Textiles . 1 11 0 Herald and Weekly Times . 2 15 9 Electrolytic Zinc 1 15 9 Mount Morgan . 0 8 4 Mount Lyell . 1 2 9 Broken Hill Pty. . 2 18 3 North Broken Hill . 1 15 7 South Broken Hill . v 1 4 7 Emperor Gold . 0 12 4 Loloma . 1 1 9

Paris, fr. to £1 179 178 25-64 178 25-64 New York, dol. to £1 4.866 4.963 4.97 9-16 Montreal, dol. to £1 4.866 5.02| 5.023 Brussels, belgas to £1 35 29.241 29.211 Geneva, fr. to £1 25.2215 21.66 21.641 Amsterdam, fl. to £1 12.107 8.96 8.951 Milan, lire to £1 92.43 943 941 Berlin, reichmarken to £1 20.43 12.211 12.301 Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm, kr to £1 18.159 19.39J 19.391 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 ■ 1422 Helsingfors. marks to £1 193.23 227 227 Madrid, pesetas to £1 25.2215 _ _ Lisbon, escuHoi dos to £1 375 1101 Athens, drach to £1 375 5471 5471 Bucharest, lei to £1 818.60 6721 6721 Belgrade, dinars 376.3 212 212 Rio de Janeiro, pence to milreis 4.90 2 13-16 213-16 Buenos Aires, pence to dol. 51 19.02 18.99 Montevideo, pence to peso • 20 20 Bombay, pence to rup. • 17 51-64 17 25-32 Shanghai, pence to rup. m 83 81 Hong Kong, pence to yen '• 14 15-16 14 15-16 Yokohama, pence to yen 24.58 14 14 Batavia, guilders 12.107 8.941 8.941 Warsaw, par - zlotys to £1 43.38 — •Determined by price of silver.

Selling— Per £1 Dol. N.Z. Dol. T.T. .. 3.981 4.03 9-16 O.D. , , .. 3.99A 4.04 Buying— T.T- .. 4.C2 1-16 4.06| 0.0. .. ; .. 4.031-16 4.08

N.Z. on London— £N.Z. to £100 stg. T.T. 124 124/7,"'/O.D. 123/10/124/8/9 Australia—' £ A. to £100 N.Z. T.T. 101 100/10/O.D. 101 100/10/Fill— £F. to £100 N.Z. , T.T . 90/7/6 89 O.D . 90/7/6 89 New York — Dol. to £1 'N.Z. T.T. 4.0190 3.9845 O.D. 4.0290 3.9885 Montreal— Dol. to £1 N-Z. T.T. 4.0649 4.0325 O.D. 4.0769 4.0365 Belgium Belgasto£l N.Z. T.T. 23.671 23.361 O.D. 23.746 23.372 Czechoslovakia— Korunas to £1 N.Z, T.T. 113.77 OJD. — 113.82 Denmark— Kroner to £1 N.Z. T.T. 18.203 . 17.893 O.D. 18.263 17.899 Finland— Marks to £ 1 N.Z. T.T. 185.49 179.69 O.D. 185.89 179.79 France— Francs to £1 N.Z. T.T. 141.59 O.D. — 141.63 Germany— ' Reichmarks to £1 N.Z. T.T. 9.814 O.D. — 9.819

Greece — Drachmae to £1 NX T-T. — 43X4 OJX — - Holland— Florins to £1 NX. T.T. 1X00 - 7-139 , OJX 1X40 7J34 ■ Italy — Lire to £1 NZ T.T. — 7SXI OD. — 73X8 I Java— Florins to £1 NX. T.T- 7X13 7J3 O-D. 7X19 TJ3S Norway— Kroner to £1 NX T.T. 16-182 13X93 O-D. 16-242 K— ' Noumea — Francs to £1 NX TT — 140X4 OJJ. — 140X8 Papeete — Francs to £1 NX T.T. — M8X» OJX — 140.43 Sweden — Kronor to £1 NX T.T. 1S.78S 15.43 OJX 15X45 15488 Switzerland — Francs to £l I^Z. T.T. 17X69 17294 OJX 17.674 17X114 Chefoo — ' NX. pence to dol T.T. — 1113-18 OJX — It «S9h*6ft Hong Kong — NX. pence to dol. T.T. 182 182 OJX 1817-33 182 India and Ceylon— K.Z. pence to rupT.T. — 239-33 OJX — 223-32 Japan— N.Z. pence to yen T.T. — 17 9-18 OJX — 179-16 Manila— NX. pence to peso T.T. 2943-64 3917-68..: O-D. 2942-64 3917-68 Shanghai— NX. pence to dol. T.T. Not qnoted. OJ>. Not quoted. Singapore— N2. pence to doL T.T. 3419-64 3435-38 34 ' O.D. 3413-61