THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22484, 19 August 1938, Page 15

THE STOCK EXCHANGES

INCREASED LOCAL TURNOVER PRICES STILL FAVOUR BUYERS Turnover on the Christchurch Stock Exchange yesterday was greater than it has .been in the last few days and covered a wider range of stocks. Prices were irregular but ' for the most part were in buyers’ favour.

DEALINGS COMPLETED

New Zealand Government. 3J per cent, stock, due September, 1939-43. changed hands at £IOO 2s 6d, and that due 1938-52. at £lOl, and the 4 per cent, stock, due 1949, at £lOl 12s 6d. Commercial Bank of Australia, ex dividend, had business at 16s Bd, market closing Id either way. The preference were firmer at £9 7s. Bank of New Zealand recovered to 435, .but closed with sellers at 42s lid. buyers at 42s lOd. New Zealand Breweries changed hands at 425, and more were wanted at. that price, sellers at 42s 2d. Sellers of Tooth’s Brewery came down to 55s Miscellaneous British Tobacco were fractionally weaker at 49s 4d Broken Hill Proprietary contributine had business at 40s 6d. market closing 3d cither way. Electrolytic Zinc, preference, cum dividend, dropped to 46s 3d. and there were further sellers at that price, buvers at 46s id. G. J. Coles moved up to 78s 9d. market closing 78s 8d buyers. 78s 9d sellers. Taranaki Oilfields were weaker with dealings at prices ranging from 12s 4d to 12s. buyers staying in at the lowest price, sellers at 12s Id. Wilcox Mofflin were easier at 6s 4d. closing quotations Id on either side. Sellers of Woolworths. Ltd., reduced their limits to 20s lOd. Mining Grey River were weaker, with sellers and business at 14s. Mount Morgans moved up to 10s 9d and 10s lOd, market closing at 10s 9*d buyers. 10s lOld sellers. Sellers' quotations for Broken Hill South, North Broken Hill, and Mount Lyells revealed weaker markets. . .Unlisted Stocks Imperial Chemical Industries (Australia and New Zealand), pref., changed hands at 21s 6d, market closing Id either way.

LATEST QUOTATIONS

WELLINGTON

UNLISTED STOCKS All transactions in stocks quoted . in this section are subject to special brokerage and are not quoted cm the official list: Buyers. Sellers.

SYDNEY The Sydney Stock Exchange had another day of, light trading yesterday, with prices tending to be lower. A feature of the investment business was a good rise in Claude Neon shares, following a report of a proposed merger of the Sydney and Melbourne interests of this company.

FOREIGN EXCHANGES (BSITISB OFFICIAL WIBKLESS.)

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

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:—

GOLD PRICE FALLS AGAIN SILVER ALSO LOWER LONDON, August 17, Gold to an approximate value of £600.000 was sold to-day at £7 2s 4Jd. a fall of 4d on yesterday’s price. Silver is quoted at 19 7-16 d an ounce spot, and 191 d forward, a fall of l-16d in ‘both prices. BRITISH WAR LOAN LONDON, August 17. War Loan, 3J per cent., is quoted at £lO2 13s 9d, a rize of Is 3d. NEW YORK CALL MONEY NEW YORK, August 17. Call money is still quoted at 1 per cent. MELBOURNE The very dull trading of the last few days continued on the Melbourne Exchange vesterday. Buying support was lacking pending a clearing of the overseas situation. There were no marked price

“The Press” Classified Advertisements are read at the breakfast <ac!e. and are sure to deliver results during the day—l2 words Is, 3 insertions 2s 6d. ’Phone 33-358. —6

LISTED STOCKS . Sales on ’Change £ s. d. 100 Comm. Bank of Aust. (ex div.) 0 16 8 50 Comm. Bank of Aust. (pref.. ex div.) ( 2) 9 7 0 50 Bank of N.Z. 2 3 0 50 N.Z. Breweries 2 2 0 50 British Tobacco 2 9 4 50 Broken Hill Proply. . (contr.) 2 0 6 50 Electro. Zinc, (prer., cum div.) 2 6 3 50 G. J. Coles 3 18 9 ] 100 Taranaki Oilfields .. 0 12 4 0 12 2 (2) 0 12 1 (4) 0 12 0 JOO Wilcox Mofflin 0 6 5 , 50 Grey River 0 14 0 300 Mount Morgan 0 10 9 (2) 0 10 10 Sales Reported £300 N.Z. Govt.. 34 per . cent. Ins., 1938-52 101 0 0 £1000 N.Z. Govt., 4 per cent.. Ins.. 1949 (2) 101 12 .6 £17.000 N.Z. Govt., 34 per cent.. Ins., 1939-43 100 UNLISTED STOCK 2 8 Sale on ’Change 100 I.C.l. (Aust. and N.Z.. pref.) .. 1 Government and Banks 1 6

N.Z. Govt. Debentures Buyers Sellers £ S. d. £ S. d. 31 p.c. Ins.. 15/9/39-43 — 6 100 10 0 3J p.C. Ins., 1938-52 100 17 101 5 0 31 p.c. Ins., 1953-57 .. 93 0 0 95 2 6 3J p.c. Bonds, 1953-57 .. 95 0 0 *“ 4 p.c. Ins., 1943-46 4 p.c. Ins., 1946-49 4 p.c. Ins., 1952-55 100 0 0 101 102 15 2 0 6 4 p.c. Bonds. 1946 100 0 0 — 4 p.c. Bonds, 1955 101 15 0 Other Debentures Westport Borough. 4i p.c.. 1/6/44 102 0 0 Heathcote County, 41 101 12 6 p.c., 30/6/42 — Christchurch Trams, 41 p.c., 1/2/45 102 0 0 104 10 0 Metropolitan Water101 10 works. 41 p.c., 1/4/48 0 95 — 0 Quill, Morris, 4 p.c. 1946 — 0 C.F.C.A., 4J p.c., 21/4/42 — 97 • 0 0 Banks Comm, of Aust. (ex 16 16 div., 10s) 0 7 0 9 Comm, of Aust. (pref.. 9 6 ex div., £10) 0 E.. S.. and A. (£3pd.) 5 0 6 — Natl, of A/asia (£10 paid) .. •• — 13 15 0 Natl of N.Z. (£2 10s 11 0 9 0 13 17 6 6 paid) N.S.W. (£20) 2 31 2 31 New Zealand (£1) 2 2 10 2 2 11 Insurance 17 National (7s paid) — S 0 5 Standard (£1 paid) .. 2 15 2 16 6 Loan and Agency Dalgety and Co. (£5 8 paid) — 6 2 0 Goldsbrough, M. (£1) 1 8 1 8 9 Natl. Mortgage A (£2 18 4 0 5 paid) .. •• N.Z. Guar. Corpn. (3s) 1 0 0 4 2 0 4 4 United Building (£1) 1 0 6 1 1 2 Frozen Meat Cantby. (£7 10s paid) 9 2 6 14 18 Gear (10s) .. • • N.Z. Refrig. (£1 paid) 0 18 3 0 0 6 10 N.Z. Refrig. (10s paid) 0 8 1 0 8 2 Southland (£1) 1 10 3 1 11 G Woollens Felt and Textiles (£1) 1 13 0 1 13 9 Kaiapoi (17s paid) (> io 1 — 0 6 Kaiapoi (7s paid) '0 a 8 , 0 5 16 Kaiapoi (pref.. 17s) — 0 Wellington (£5) — 5 , Coal Westport-Stockton (10s) 0 4 0 0 4 8 Westnort-Stockton (e6E., 10s) — 0 7 9 Gas ChristchuVch (£1) 1 7 6 — Wellington (£1) 1 15 6 Wellington (pf., £1) •• — 1 5 0 Breweries Crown (in liqudn.) .. 0 0 1 — Dominion (ex rts., £1) — 6 15 0 Dominion (rights, £1) 0 6 0 7 6 New Zealand (£1) 2 2 0 2 2 2 Swan-(5s) 1 6 6 1 1 8 0 Tooheys (16s) — 9 11 3 Tooths (£1) .. 2 14 2 15. 0 Miscellaneous Allied Motors (10s) 0 — 3 0 7 3 Anthony Hordern (£1) IS 0 17 0 Aust. Glass (£1) 4 12 9 4 14 3 Aust Iron and Steel 10 (pref., £1) — 1 7 Beath and Co. (£1) 0 19 0 — Booth Macdonald (pf.. 6 £2) 0 2 2 0 2 British Tobacco (£1) 2 9 3 2 9 6 Broken Hill Pty- (£1) 2 18 10 2 19 3 Broken Hill Pty. (con., 9 10s paid) 2 0 3 2 0 Burns, Philp (10s paid) 2 0 0 1 — 0 Brooke Lemos 1 4 0 5 Colonial Sugar (£20) 43 0 0 48 15 0 Cox Bros (cum rts.) — 0 18 0 Dominion Build. (10s) — 0 1 4 3 Dominion Fert; (,£1) .. — 5 3 0 3 Donaghy Rope (£1) .. D.I.C. (10s) .. 0 14 0 2 0 1 4 15 D.I.C. (pref.. £1) Dunlop Rubber (£1) .. — 4 0 1 1 7 1 1 10 Electro. Zinc (ord., cum 6 11 . div., £1) •• 2 ‘ 2 2 2 Electro. Zinc (pref., 6 cum div., £1) Evans Atlas F 1 our (10s) 2 6 1 2 3 0 19 0 — 9 G. J. Coles (£1) 3 18 8 3 18 Hay’s. Ltd, (con., 15s 0 9 paid) Hume Pipe (£1) 0 19 3 U 19 0 19 Kauri Timber.(25s) .. \ — i . 3 6 Mason. Struthers (£1 paid) .. •• 0 15 0 0 18 0

Buyers Sellers £ s. d. £ s. d. Mason. Struthers (14s paid) 0 8 0 0 12 0 Mason. Struthers (10s paid) 0 5 6 0 8 0 Milburn Lime (£1) .. 1 15 0 Morts Dock (ex div., £1) 0 11 6 Moturoa Oil i5s) 0 5 4 Moturoa Oil (pref.. 5s) 0 5 3 McKenzies (£ 1 ) 3 4 6 National Electric (£1) 0 14 0 N.Z. Drug (£2) 3 9 3 3 11 0 N.Z. Farmers’ Co-op. (£2 10s paid) N.Z, Farmers’ Co-op. (10s paid) .. 0 12 0 0 0 3 N.Z. Farmers’ Co-op. (1st pre£.. £5) 3 5 0 _ N.Z. Farmers’ Co-op. (A and B pf., £4) .. 2 0 0 N.Z. Farmers’ Co-op. (4} p.c. Stock. 1950. £100) 90 10 0 N.Z. Newspapers (16/8) — 1 14 6 Taranaki Oil. (24/7 pd.) 0 12 0 0 12 1 United Provisions (£1) 0 7 9 0 8 5 Wilcox. Mofflin (11s) 0 6 4 0 6 6 Wilson’s Cement (10s) 0 18 3 Woolworths (Sydney), (ord.. 5s) .. .7 1 0 9 1 0 10 Woolworths (2nd pref, £,1) 17 6 Woolworths (N.Z.) (ord., 5s) 1 0 3 W. R Carpenter 2 3 9 2 4 9 Zealandia Milling (cum div., £1) 12 0 1 10 0 Overseas Listing Woolworths (S.A.) (5s) 0 15 0 0 15 5 Mining Argo (Is) 0 1 11 0 2 1 Big River (Is) 0 14 Blackwater (£1) 0 16 0 Austral (N.Z.) (£1) .. 12 0 Clutha River (2s) 0 2 64 Gillespie’s Beach (Is) 0 0 11 Goldfields Dredg. (Is) 0 0 21 0 06 Maori Gully (Is) 0 0 4i 0 0 6 Moonlight'Gold. (8d) — 0 0 6 Nemona (Is) — 0 1 5 New River (Is) — 0 0 6J Nokomal (5s) 0 1 10 Skippers (Is) — 0 0 1 Skippers (pref., ,1s) .. — 0 0 5) Waihi Grd. June. (2s) 0 2 11 0 4 0 Worksop Extend. (Is) 0 1 01 0 1 2 Australian Mining Broken Hill Sth. (5s) 1 9 11 1 10 3 Mount Lyell (£1) 1 7 4 1 7 9 Mount Morgan (2s 6d) 0 10 9J 0 10 104 Nth. Broken Hill (5s) 2 4 3 2 4 11 Rawang Tin (10s) 0 8 3 0 8 7 Wellington Alluvials • 0 5 7

£ s. d. £ S. d. Assoc. Motorists Petrol (pref.) 0 10 0 0 18 0 A.P.A 0 9 0 Ballins Breweries 0 11 6 0 13 0 Blackball Creek 0 1 6 Carbonic Ice 1 7 0 I.C.I. (Aust. and N.Z. pref.) 1 .1 5 1 1 7 Kanieri 1 2 3 1 5 0 N.Z Perpetual Forests (4s paid) 0 12 6 N.Z Coffee and Spice (6 pc. pref.) — 1 0 0 N.Z. Mining Invest. — 0 0 3 Radio Corpn. (pref.) 0 19 0 Selfridges (A’asia) .. 0 16 0 0 17 0 Selfrldges (N.Z.) 0 17 0 Selfrioges (N.Z.) (con.. 16s paid) 0 8 0 Prudential Builds. (A) 0 14 0 Timaru • Lime 0 19 0 1 0 3 ’ White's Electric 0 0 31 AUCKLAND Sales on 'Change £ S. d. Rural Bonds. 1947, 4 p.c. 102 0 0 Ins. Stocky 4 p.c., 1943-46 100 0 0 In$. Stock, 1938*1952, 31 P.C. .. 101 0 0 Bank of Australasia (2) 10 15 0 National Bank of New Zealand 2 12 3 Bank of New Zealand 2 3 0 Dominion Breweries (rights) 0 6 6 0 6 3 0 6 0 Tooths 2 15 3 Broken Hill Ptv. 2 19 0 Claude Neon (NtZ.) 1 5 6 Dunlop Perdriau i i 9 Milne and Choyce (ord,) 0 14 9 Taranaki Oil 0 12 5 Woolworths (Sydney) i i 0 1 Martha o n 7 Broken Hill South 1 10 0 Mount Morgan (ordj . (2) 0 10 9 North Broken Hill 2 5 0 Triton 0 9 1 Unofficial List Selfrldges (N.Z.) (I6s paid) 0 7 3

Sales on ’Change N.Z. Guar. Corpn. a. 0 s. 4 a. 4 Taranaki Oil ... 0 12 G British Tobacco 2 9 6 (All above late Wednesday.) 3J p.c. Ins. Stock, 1938-32 101 0 0 3i p.c. Ins. Stock, 1953-37 95 0 0 Bank of New Zealand (2) 2 3 0 Huddart Parker 2 8 0 Taranaki Oil 0 12 7 Woolworths, Ltd. (ord.) (2) 1 0 5 11 Woolworths. Ltd. 1 1 0 Imperial Chemical Indust. (pref.) 1 1 8 1 1 1 13 7 Grey River 0 10 Unofficial List Woolworths Properties, Ltd. IS) 0 14 0 DUNEDIN Sales Reported £ s. d. N.Z. Refrig, (con.), (late Wed.) 0 8 2 Bank of New Zealand 2 3 0 2 2 9 Mount Lyell 1 7 9 Mount Morgan .. ., 0 10 8

'Morning Sales £ s. d Comm. Bank of Sydney .. 20 19 0 Australian Gas A .. .. 7 S 0 Tooths .. .. 2 15 3 Anthony Hordern .. .. 0 16 9 Burns, Philp .. .. 2 17 6 Colonial Sugar .. .. 48 15 0 Millaquin Sugar .. .. 1 Afternoon Sales. 19 8 £ s. d. Comm Banking of Sydney .. 20 19 0 Comm. Bank of Aust. (ex div.) 0 16 11 Colonial Sugar .. .. 48 15 0 Associated Newspapers .. i 2 6 Huddart-Parker .. .. 2 8 3 Burns, Philp .. .. 2 11 6 British Tobacco .. .. 2 10 0 Tooths .. .. .2 15 3 Tooheys .. .. .. 1 11 7J Australian Gas (A) .. 7 4 6 Morts Dock (N.Z. delivery) .. 0 12 9 Hume Pipe .. .. 0 19 6 Taubmans .. .. ,.. 2 19 0 Sargents .. .. '.. 1 8 •0 Gordon and Gotch .. ... 2 14 6 W. Atkins .. .. 1 4 0 Goldsbrough, Mort .. 1 8 9 Millaquin Sugar .. .. 1 19 6 United' Provisions .. .. 0 8 0 Henry Jones .. .. 2 10 0 Woolworths .. 1 0 9Electrolytic Zinc .. .. 2 3 0 Taranaki Oil * ., .. 0 12 3 Peninsula Tin .. .. 1 7 0 Takuapa Tin .. ,, 1 0 0

RUGBY, August 17. Par. Aug. 16. Aug. 17. Paris, fr. to £1 New York, 170 178 29-32 178 57-64 dol. to £1 Montreal, 4.866 4.87 15-16 4.88 3-16 dol. to £1 Brussels, 4.866 4.89} 4.90} belgas to £1 Geneva, 35 28.00 28.992 fr. to £1 Amsterdam, 25.2215 21.30} 21.292 fl. to £1 Milan, lire 12.107 8.93} 8.93 to £1 Berlin, reich92.43 92 11-16 922 marken to £1 Copenhagen, 20.43 12.16} 12.17 kr. to £1 Stockholm, 18.159 22.40 22.40 kr. to £1 18.159 19.39} 19.39} Oslo, kr. to £1 Vienna, schgs. 18.159 19.90 19.90 to £1 Prague, 34.585 — — kr. to £1 Helsingfors, 154.25 142 i 141 5-16 marks to £1 Madrid, pese193.23 2262 2262 tas to £1 Lisbon, escu25.2215 — dos to El Athens, dradh. 110 110 3-16 110 3-16 to £1 Bucharest, 375 547} 547} lei to £1 Belgrade, 818.60 660 660 dinars Rio de Janeiro, pence to 376.3 216 216 milreis Buenos Aires, 4.90 21 2} pence to dol. Montevideo, 5118.93} 19.04} pence to peso Bombay, pence « 20} 20} to rupee Shanghai, pence • 17 15-16 17 15-16 to rupee Hong Kong, * 8 8 pence to yen Yokohama, 15 15 pence to yen Batavia, 24.58 14 14 guilders Warsaw, par 12.107 8.93} 8.92 zlotys to £1 43.38 26.31 26.31 •Determined by price of silver.

London— £N.Z. to £ 100 otg. T.T. 124 124/10/O.D. 123/11/3 124/9/6 Australia— £ A. to £100 N.Z. T.T. 100/17/6 100/5/Fiji— O.D. 100/17/6 100/5/£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. 3.9469 3.9127 O.D. 3.9519 3.9167 Montreal— Dol. to £1 N.Z. T.T. 3.9622 3.9298 Belgium— O.D. 3.9709 3.9338 Belgas to £1 N.Z. T.T. 23.498 23.188 O.D. 23.573 23.199 Czechoslovakia— Korunas to £1 N.Z. T.T. — 112.62 O.D. 112.67 Denmark— Kroner to £1 N.Z. T.T. 18.203 17.893 Finland— O.D. 18.263 17.899 Marks to £1 N.Z. T.T. 185.34 179.54 France— O.D. 185.74 179.64 Francs to £1 N.Z. T.T. 142.73 Germany— O.D. 142.77 Reichmarks to £1 N.Z. T.T. • -9.707 O.D. 9.712 Greece— Drachmae to £1 N.Z. T.T. 429.34 Holland— O.D. 429.84 Florins to £ 1 iN.Z. T.T. 7.277 7.127 Italy— O.D. 7.317 7.131 Lire to £1 N.Z. T.T. 74.35 Java— O.D. — 74.40 Florins to £ 1 N.Z. T.T. 7.259 7.109 Norway— O.D. 7.299 7.113 Kroner to £ 1 N.Z. T.T. 16.182 15.892 Noumea— O.D. 16.242 13.898 Francs to £1 N.Z. T.T. 140.98 Papeete— O.D. — 141.02 Francs to £1 N.Z. T.T. 141.13 Sweden— O.D. 141.17 Kronor to £1 N.Z. T.T. 15.786 . 15.491 Switzerland— O.D. 15.846 15.497 Francs to £1 N.Z. T.T. 17.291 17.021 Chefoo— O.D. 17.396 17.026 N.Z. pence to dol. T.T. 11 5-16 Hong Kong— O.D. — 11 19-64 N.Z. pence to dol. T.T. 18 13-32 18 25-64 India and Ceylon— O.D. 18i 18 25-64 N.Z. pence to rup. T.T. 22 3-32 221 Japan— O.D. 22 1-16 22g N.Z. pence to yen T.T. 17 9-16 Manila— O.D. 17 9-16 N.Z. pence to peso T.T. 29 59-64 30 27-64 Shanghai— O.D. 29 53-64 30 27-64 N.Z. pence to dol. T.T. Not quoted Singapore— O.D. Not quoted N.Z. pence to dol. T.T. 34 31-64 34 31-32 O.D. 34 25-64 34 31-32

Selling— U.S.A. Canada. (Per £1 N.Z.) dol. dol. T.T. ‘ .. 3.91 5-16 3.93 O.D. Buying— .. 3.91| 3.93| ■ T.T. .. 3.94g 3.95| O.D. ,.. .. 3.953 3.97 i

variations. Sales & s. d. G. J. Coles 3 19 3 Drug Houses 1 6 3 Imperial Chemicals (pref.) X 1 0 Mount Morgan 0 11 0 Mount Lyell 1 7 6 Broken Hill Pty. 2 17 6 North Broken Hill 2 4 ti South Broken Hill 1 9 9 Emperor 0 12 11 LONDON Quotations: — d. £ s. Mount Lyell 1 1 3 Buyers. Sellers. £ s. d. £ s. d. Clutha River .. 0 1 0 1 101 Molyneux River .. 0 0 9 0 1 0