STOCK EXCHANGES

Press, Volume LXXIV, Issue 22492, 29 August 1938, Page 13

STOCK EXCHANGES

SATURDAY’S BUSINESS

SMALL TURNOVER

Markets. were quiet on call on Saturday morning and the recorded business was small. Price levels generally were well maintained'. The markets for shipping and gas companies’ shares were bare. Apart from vestibule business, the following transactions were recorded:— LISTED STOCKS

LATEST QUOTATIONS

UNLISTED STOCKS

All transactions in stocks quoted in this section are subject td special brokerage and not quoted on the official list.

PRICE OF GOLD

LONDON. August 27. Gold is quoted at £7 2s 8d a fine ounce.

FOREIGN EXCHANGES

COPPER IMPROVES SLIGHTLY

LONDON PRODUCE MARKETS

LONDON, August 27. Friday’s closing prices in the produce markets were:— Cotton—Spot, 4.74 d per lb; September 4.55 d.

Rubber—Para 7Jd per lb; plantation smoked BJd. Jute—September-October £l9 5s a ton.

Copra—September-October, South Sea, £9 10s a ton; smoked £9 10s; plantation, Rabaul, £lO 12s 6d. Linseed Oil —£24 6s a ton. Turpentine—32s per cwt.

MILBURN LIME AND CEMENT CO.

tra>s» isaociiTio* telisilam.) DUNEDIN, August 27. Directors of the Milburn Lime and Cement Company have declared a dividend of 5 per cent, for the six months ended July 31, making 8J per cent, for the year. The rate is unchanged,... . . . . ,

Sales on ’Change. £ s. d. £200 N.Z. Govt. 4 p.c. Bonds, 1946 .. 100 7 6 £200 N.Z. Govt. 4 p.c. Bonds, 1955 .. 101 12 6 200 Kaiapoi Woollens (7s paid) .. .. 0 3 9 200 Taranaki Oilfields (2) 0 13 9 100 Woolworths (Syd., old.) .. ..113 300 Mount Morgan 0 10 11 (2) 0 10 10 Sales Reported 70 National Bank of Australasia (£5 pd.) ., 6 10 0 100 Gear Meat .. 0 14 4 50 Berlei (N.Z.) .. 3 5 0 100 Mount Morgans 0 10 10 Taranaki Oilfields Easier New Zealand Government 4 per cent. Bonds, 1946, changed hands at £100 7s 6d, and more were offered at that price. The 1955 bonds had business at £101 12s 6d. National Bank of Australasia (£5 paid) were easier at £6 10s. Gear Meat shares were firm at 14s 4d. Kaiapoi Woollens had business at 3s 9d, and there were further buyers at that price, sellers at 4s. Berlei (New Zealand) changed hands at 65s, buyers staying in at that price, sellers at 70s, Electrolytic Zinc were stronger, with buyers of the ordinary at 42s lOd. and of the preference at 46s 7d. Buyers of G. J. Coles raised their bids to 79s 6d, but sellers wanted 80s. Tax-anaki Oilfields, which on Fi'iday rose from 12s 7d to 14s Id. were, on Satui’day, dealt in at 13s 9d, and there were further sellers at that price, buyers at 13s 7d. Woolworths were fractionally weaker at 21s 3d, market closing 21s buyers, 21s 4d sellers. Mount Lyells were firmer on buyers offers, 28s 2d. Mount Morgans were firm at 10s lid and 10s lOd. market closing 10s 9Jd buyers, 10s lOd sellers.

N.Z. Govt. Debentures Buyers. Sellers £ s. d. £ s. cl. 34 p.c. Ins.. 15/3/39-43 — 100 2 0 3i p.C. Ins., 1938-52 100 15 0 101 0 0 3J p.c. Ins., 1939-52 — 101 0 (1 3J p.c. Ins., 1953-57 .. — 95 0 0 3J p.c. Bonds, 1953-57 95 2 6 — 4 p.c. Ins., 1943-46 100 0 0 101 — 4 p.c. Ins., 1949 101 5 0 13 0 4 p.c. Ins., 1965 101 10 0 100 — 0 4 p.c. Bonds, 1946 100 9 0 7 4 p.c. Bonds, 1955 101 7 6 101 15 0 Other Debentures North Cantby. Hospital 103 0 Board, 44 p.c., l/u/68 — 0 North Cantby. Hospital 105 0 I) Board, 44 p.c., 1/9/93 — Timaru Borough, 44 102 () p.c., 31/3/30 — 0 Timaru Borough, 44 102 ‘10 p.c., 31/3/40 —• 0 Timaru Bbrough. 44 103 0 0 p c., 31/3/41 — TImarU Borough, 44 104 0 ,0 p.c., 31/3/44 — Gisborne Borough. 44 106 10 u p.c., 30/8/60 Gore Borough. 44 p.c.. — 102 10 0 1/3/40 — Banks Comm, of Aust, (10s) 0 16 0 0 16 4 Comm, of Sydney (£12 15 20 6 10s) 19 0 2 E., S.. and A. (£3 pd.) 5 2 0 5 5 0 Natl, of N.Z. (£1) 2 12 9 2 16 0 N.S.W. (ex div., £20) 30 15 0 31 5 0 New Zealand (£1) 2 2 6 2 2 9 Union of Aust. (£5) .. 8 5 0 — Insurance National (7s paid) — 0 17 4 Standard (£1) — 2 16 0 Loan and Agency Dalgety and Co. (£5) — 8 5 0 Goldsbrough, Mort (£1) — 1 8 0 N.Z. Guar. Corpn. (3s) — 0 4 5 United Building (£1) .. 1 0 7 1 1 0 * Frozen • Meat Canterbury (£7 10s) .. 9 2 e 9 13 0 Canterbury (pref., £5) 6 1 6 0 10 0 Gear (10s) 0 14 0 0 14 6 N.Z. Refrig (£1 paid) — 0 IB 9 N.Z. Refrig. (10s paid) — 0 8 3 Woollens Kaiapoi (17s paid) — 9 0 10 6 Kalapoi (7s paid) 0 3 0 4 0 Wellington (£5) — 9 2 6 Kalapoi (pref., 17s) ..» — 0 16 9 Coal Westpbrt-Stockton (10s) 0 4 9 Westport-Stockton (pf„ 6 0 6 10s) 0 6 7 Breweries Dominion (£1) 1 12 0 Dominion (rights) — 0 4 9 New Zealand (£l) 2 1 9 2 2 0 Queensland (£l) — 1 6 3 Timaru (in liqdn.) (10s) 0 0 10 0 1 6 Tooths (£1) .. 2 19 0 2 15 7 Miscellaneous Anthony Hordern (£i) 0 16 10 0 17 0 Aust. Glass (£1) 4 12 9 4 13 8 Aust. Iron and Steel (pref., £1) ..• 1 7 0 1 8 9 Berlel (N.Z.) (£1) .. 3 5 0 3 10 0 British Tobacco (£1) .. 2 9 1 2 9 3 Broken Hill Pty. (£1) 2 18 9 2 19 0 Broken Hill Pty, (eon., 108) 2 0 1 2 0 6 Con. Brick C£1 ) 0 7 0 0 7 9 Colonial Sugar (£20) 46 5 0 47 10 0 Cox Bros, (rights) 0 7 0 0 7 9 Dental and Medical (£1) — 6 0 14 0 Dom. Builders (10s) .. 0 2 0 4 0 Obtn. Fertiliser (£l) ... 1 4 6 1 5 2 Dunlop Rubber (cum div.. £1) Electro. Zinc (cum 1 2 0 1 2 5 div., £1) 2 2 10 2 3 1 Electro. Zinc (pf., cum ' div., El) 2 6 7 2 6 11 Evans Atlas Flour 19 (10s) 0 3 — G. J. Coles (£1) 3 19 6 4 0 0 Greater Crystal (£1) .. 0 12 6 — Hay’s, Ltd. (15s paid) 0 17 6 0 18 6 Howard Smith (£1) .. 0 19 5 — Hume Pipe (Aust.) (£1) 0 19 10 1 0 3 Kauri Timber (25s) .. — 1 3 3 X.C.I. (Aust. and N.Z.) (pref., £1) Millaquin Sugar (£1) .. N.Z. Farmers’ Co-op. 1 X 1 16 4 0 1 1 8 (1st pref., £9) N.Z. Farmers’- Co-op. 3 5 0 — !■ (A pref., £4) 15 0 2 0 0 N.Z. Farmers’ co-op. (4} p.c. Stock, 1990. £100) 90 10 0 92 0 0 N.Z. Newspapers (16/8) I 13 9 1 15 0 Quill, Morris (1936) 0 0 (cum div., £1) 0 IB 1 1 South Island Finance (10s paid) 0 6 6 0 10 0 Taranaki Oil. (24/7) .. 0 13 7 0 13 9 United Provisions (£1) 0 8 2 0 8 4 Wilcox, MOfflin (11s) . . 0 6 9 0 6 6 Wilsoh’s Cement (10s) — 0 17 9 Wool worths (Sydney) (ord., 5s) 1 1 0 1 1 4 Woolworths, (Sydney) (2nd pref., £1) 1 8 0 1 9 0 Woolworths (Victoria) (pref., £1) 1 10 0 Woolworths (N.Z.), 19 (5s) 0 19 8 0 11 Overseas Listings Woolworths (S.A.) (5s) 0 15 0 0 15 3 Mining Alexander (15s paid) 0 7 0 0 12 6 Alexander (£1) . •• 0 7 6 — 0 Argo (Is) u z Argo (con.) .. 0 1 6 0 1 74 Big River (Is) 0 1 1 0 1 3 Blackwater (6s) 0 16 6 0 Clutha River Us) .. 2 4 Golden Sands (Is) .. 0 0 1 5 Grey River i£l) ' 0 13 0 13 9 Maori Gully (Is) 0 0 •Si 0 0 54 Neman a (Is) 0 1 24 0 1 54 New River (Is) i. 0 0 64 0 0 64 Nokomal (9s) 0 1 2 0 1 9 Skippers, Ltd, (Is) .. 0 0 1 Worksop Extend. (Is) 0 04 0 1 2 S Australian Mining Broken Hill Sth. (cum 11 u 8 div., 9s) l 1 1 New Occidental . (£1) 0 12 2 Mount Lyell (£1) 1 8 2 1 6 5 Mount Morgan (2s Bd) 0 10 94 0 10 10 Nth. Broken Hill (cum div.. 5s) .. 2 5 3 2 5 9 Placer Development (5 15 6 dols.) 3 8 Rawang Ting (10s) .. 0 8 6 0 8 Wellington AIluv. (Ss) 0 5 5 0 5 8 Broken Hill (new) (10s 9 paid) .. 0 15 U lb 9 1

, Buyers Sellers. £ s. d. £ 8, d. Buyers. Sellers. £ s d. 3. d. Bailing Breweries .. — Blackball Creek .. 0 0 11 0 12 0 Kanieri .. .. — 1 4 3 Ngahere (15s paid) .. — 0 13 0 N.Z. Perpetual Forests — u I* 9 N.Z. Perpetual Forests 6 (4s paid) .. .. 0 8 0 0 IZ Selfridges (A'asia.) 0 (con., 16s paid) .. — 7 0 White’s Electric ” .. 0 0 2 0 0 31 Woolwotths (W.A.) .. 4 0 0 4 7 6 Woolwfctths Properties 9 (10s paid) .. .. 0 13 0 14 0 AUCKLAND saiis or ’Change d. £ s. A p.c. Rural Bonds, T947 101 102 17 0 6 0 Auckland Transport Board, 4i 101 10 0 p.c„ 1944-51 South British 2 6 6 Alloy Steel (Aust.) 0 7 3 Australian Glass • • 4 13 3 Berlel (N.Z.) . , 3 3 0 Broken HiU Pty. 2 18 9 Colonial Sugar • ♦ 47 2 6 I.C.I. (pref.) . • 1 1 8 X,C.I. (contr.) 0 11 8 Moturoa Oil •• 0 5 2 3 Taranaki Oil . . 0 14 0 Unofficial List Selfridges (N.Z.) 0 16 0 Self ridges (paid) 0 6 3 WELLINGTON Sales on 'Change d. £ S. 3J p.c. Slock, 19$3-57 94 10 0 9 p'.c. Rural Bonds 101 15 0 B„ S.. and A. Bank 5 3 6 Bank of New South Wales , 3l 0 0 Queensland Insurance .. 2 16 6 Taranaki Oil 2) 0 13 9 Taranaki Oil 0 13 10 (All above late Friday) 0 Bank or of New South Wales 31 0 Goldsbrough, Mort 1 B 0 David Jones 1 19 4 Taranaki Oil 0 14 0 4 p.c. Stock, 1946-49 101 7 6 DUNEDIN Sale on ’Change d. £ S. Mount Morgan 0 10 11 Sale Reported .6 4 p.c. Bonds, 1943-46 . . 100 2 SYDNEY £ s. d. Commonwealth Bonds — 103 0 0 4 per cent., 1944 . . ' Commercial Bank of Sydney 20 8 0 Bank of New South Wales 31 2 % 6 Tooth’s Brewery 2 16 0 Toohey’s Brewery 1 13 Australian Gas A * 7 4 0 Associated Newspapers i 2 6 Anthony Hordern u it 0 Anthony Hordern (pref.) i z 0 Broken Hill Proprietary 2 19 3 Dunlop Pcrdrlau i 2 3 6 Farmers

(laitiu omciAL wiatuisa) RUGBY, August 27. Par. „ Aug, 25. 178 21*64 Aug. 27. Paris, fr. to £1 170 178 21-64 New York. 4.066 4.87 7-16 dol. to £1 4.88 Montreal, 4.89 1-16 4.882 dol. to £1 4.866 Brussels, 28.901 28.832 beiges to £1 35 Geneva, 25.2216 21.29 fr. to £l 21.291 Amsterdam, 8.92 1*16 8.92 fl. to £1 12.107 Milan, lire 92f 922 to £1 92.43 Berlin, reich12.152 marken to £1 20.43 12.171 Copenhagen, 22.40 22.40 kr. to £1 18.159 Stockholm. kr. to £1 18.159 19.391 19.391 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. 34.585 to £1 — •— Prague. 141 3-18 1411 kr. to £1 154.25 Helsingfors, 2262 2262 marks to El 193.23 Madrid, pese25.2215 tas to £1 — —* ' Lisbon, escu110 3*16 110 3-16 dos to £1 110 Athens, drach 5471 5471 to £1 375 Bucharest. 670 lei to £1 818.60 — Belgrade, dinars 376.3 216 218 Rio de Janeiro, pence to 21 milreis 4.90 Buenos Aires. pence to dol. 51 18.971 19 Montevideo, 201 201 pence to peso. * Bombay, pence 17 35-64 15 13-16 to rupee * Shanghai, pence 81 61 to rupee Hong Kong, 15 15 pence to yen Yokohama, 24.58 14 14 pence to yen Batavia, !■ 8.901 guilders 12.107 8.901 Warsaw, pat 26.31 26.31 zlotys to £1 43.38 ♦Determined by price of silver, BANK OP NEW SOUTH WALES The Bank of New South Wales quoted the following exchange rates on Saturday: Buying. Selling. N.Z. on London— 124/10/£N.Z. to £100 stg. T.T. 124 O.D. 123/11/3 124/9/6 EA. to £100 N.Z, T.T, 100/17/6 100/5/O.D, 100/17/6 100/5/Flii— £F. to £100 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— 3.9082 Dol. to £1 N.Z. T.T. 3.9424 . O.D. 3.9474 3.9092 Montreal— 3.9185 Dol. to £1 N.Z. T.T. 3.9509 O.D. 3.9596 3.9195 Belgium— 23.403 23.093 Beleasto £1 N.Z. T.T. O.D. 23.478 23.098 Czechoslovakia— Korunas 112.71 to £1 <f.Z. T.T. — O.D. — 112.73 Denmark— 18.203 17.893 Kroner to £1 N.Z. T.T. O.D. 18.263 17.895 Finland— _ _ 185.4o 179.60 O.D. 185.80 179.70 France— Francs to £L N.Z. T.T. — 142.28 O.D. — 142.30 Germany— Reichmarks 9.703 to £1 N.Z. T.T. — O.D. — 9.705 Greece— Drachmae 429.54 to-£l «LZ. T.T. O.D. —* • 429.69 Holland— 7,269 7.119 Florins to £1 N.Z. T.T. O.D. 7.309 7.121 Italy— 74.324 Lire to £1 N.Z. T.T. — O.D. — 74.349 Java—. 7.097 Florins to £1 N.Z. T.T. 7.247 O.D. 7,287 7.099 Norway— 15.802 Kroner to £1 N.Z. T.T. 16.182 O.D. 16.242 . 15.895;

Noumea— Trancs to £ 1 N.2. T.T. — O.D. — 140.53 140.57 ’apeete— Francs to £l N.Z. T.T. — O.D. — 140.68 140.72 Sweden — Kronor to £1 N.Z. T.T. 15.786 O.D. 15.846 15.491 15.494 Switzerland— . Francs to £1 N.Z. T.T. 17.283 O.D; 17.388 17.013 17.015 :hefoo— N.Z. pence to dol. long Kong— N.Z. pence to dol. ndia and Ceylon— N.Z. pence to rup. T.T. — O.D. — T.T. 18 13-32 O.D. 18| T.T. 21 83-64 O.D. 21 61-64 11* Hi 18 25-32 18 25-32 22 17-64 22 17-64. Span— N.Z. pence to yen T.T. — O.D. — 17 9-16 17 0-16 lanila— N.Z. pence to peso T.T. 29 59-64 O.D. 20 53*64 30 37-64 30 37-64 lhanghai— N.Z. pence to dol. T.T. Not quoted O.D.) Not quoted ingapore— N.Z. pence to dol. T.T. 34 31-64 O.D. 34 25-64 34 31-32 34 31-32 metals” MARKET

LONDON. August 26. August 25. August 26. CopperStandard, spot £ s. 40 13 d. 9 £ s. d. 40 16 10& Forward 40 18 9 41 1 104 Electrolytic 46 0 0 46 0 0 .to 46 15 0 47 0 0 Wire bars 46 15 0 47 0 0 Lead— 14 12 6 Spot 14 12 6 Forward , , 14 14 a 14 14 41 Spelter0 13 3 Spot , , 13 5 9 Forward . , 13 9 4t 13 8 IS Tin193 5 Spot t 193 7 6 0 Forward 194 7 6 194 2 6 Silver— v i£»id Fine, per OZ 20 5-16d Standard, per oz. 20?d 20 13-16d August 19. August 26. Pig iron* per ton 5 9 0 9 0 Antimony— 70 10 0 British 70 10 0 Foreign *41 0 0 ' *41 15 0 (a unit.) Molybdenite •2 4 0 *2 4 0 Wolfram •2 17 0 *2 18 0 ■"Nominal.