THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22519, 29 September 1938, Page 13

THE STOCK EXCHANGES

PRICES CONTINUE TO FALL SOME SEVERE LOSSES SINCE LAST FRIDAY The gravity of the situation in Europe was again reflected in lower prices on the Christchurch Stock Exchange yesterday. The market was depressed all d ay. The table which follows shows the drop in some of the 1 ocal share prices since Friday last. Where no sales have be en made, sellers’ closing quotations have been taken. The t able shows some severe losses. Colonial Sugar, for instance, have dropped £2 15s. Broken Hill Proprietary have lost 3s 4d, Broken Hill Proprietary (Cont.) 3s 9d, Australian Glass 6s 9d, G. J. Coles 3s sd, and Woolworths

LOCAL DEALINGS LISTED STOCKS Sales on 'Change

AUCKLAND

LATEST QUOTATIONS

WELLINGTON

_ DUNEDIN

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

PRICE FALLS CHECKED TRADING IN SYDNEY MOST GOVERNMENT LOANS WEAKER Price falls on the Sydney Stock Exchange yesterday were almost checked, but most Government loans weakened tc: below par.

BOND ISSUES MARKED DQWN MELBOURNE MARKET WEAKER There was further marking down in all bond issues in Melbourne, with other sections of the market also weaker.

FOREIGN EXCHANGES (BRITISH OFFICIAL# WIRELESS.)

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

PRICE OF SILVER RUGBY, September 27. Silver is quoted at 21d an ounce spot, and 203 d an ounce forward.

Is Id. Friday. Saturday. Tuesday. Wednesday. £ s. d. £ s. d. £ s. d. £ s. d. Bank of New Zealand .. 2 2 0 2 2 o 2 2 0 2 1 9 Fell and Textiles .. 1 12 0 1 11 9 1 11 0 1 10 0 Anthony Hordern . — 0 16 6 -j— 0 14 6 G. J. Coles .. 3 16 2 3 15 9 3 12 6 3 12 9 Australian Glass .. 4 11 9 4 11 9 4 10 0 4 5 0 Broken Hill Proprietary .. 2 14 4 2 14 0 2 11 0 2 11 8 Broken Hill Proprietary (coni.) .. 1 17 3 1 17 0 1 15 0 2 11 1 13 0 8 Colonial Sugar .. 46 15 0 46 10 0 44 10 0 1 13 44 0 6 0 Electrolytic Zinc (ord.) .. 1 19 3 1 18 9 1 17 0 1 16 5 Electrolytic Zinc (pref.) .. 2 4 0 2 4 0 10 1 16 2 1 6 6 Taranaki Oil .. 0 12 1 0 11 11 0 11 0 11 2 Woolworths .. 10 3 1 0 3 0 19 4 0 19 2 Mount Morgan .. .. .. 0 10 10i 0 10 9i 0 10 9 0 10 0 10 6 4 Rawang Tin .. 0 8 0 — — 0 7 9

£ S. d. 100 Anthony Hordern .. 0 14 6 100 British Tobacco (cum div.) 2 3 7 250 Broken Hill Propty. 2 11 6 (3) 2 11 4 2 11 0 300 Broken Hill Propty. (contr.) .. (2) 1 13 8 1 13 6 200 Electro. Znic f 2) . 1 16 6 50 Electro. Zinc (pref.) 2 1 6 200 Woolworths (Syd.), ord. 0 19 6 0 19 1 200 Mount Morgan 0 10 4 0 10 6 50 Rawang Tin (cum div.) 0 7 9 Sales Reported 100 Broken Hill Propty. (late sale Tuesday) .. 2 10 3 150 Broken Hill Propty. (2) 2 11 6 2 11 8 76 Waihi Investments 'odd) 0 8 3

I'D £ s. d. Bailing Breweries 0 10 3 0 11 6 Blackball Creek — 0 1 li Langes-Mobile Gas .. — 1 1 0 N.Z. Mining Invest. — 0 0 2

Sales on ’Change £ s. d. Govt. Bonds. 1952-55. 4 p.c. .. 100 10 0 Ins. Stock, 1943-46. 4 p.c. 100 0 0 Ins. Stock. 1939-43. 31 p.c. 98 7 6 Ins. Stock. 1938-52, 31 p.c. 99 17 6 Comm. Bank of Australia 0 15 4 Bank of New Zealand (2) 2 1 6 Pukemiro Collieries (cum div.) 0 17 6 Dominion Breweries 1 10 9 1 10 0 Dominion Breweries (new issue) (2) 1 9 4 Farmers’ Trading 0 19 5 Farmers’ Trading (B pref.) 1 1 0 Taranaki Oil 0 11 0 Waihi Investments 0 7 9 Mount Lyell 1 1 5 5 3 o Mount Morgan .. .. 0 10 1 0 10 3 Overseas fust Woolworths Holdings (S.A.) 0 14 6

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debentures 3 p.c. Ins., 1941 98 5 0 3i p.C. Ins., 1938-52 — 100 5 0 3i p.c. Ins., 1953-57 — 93 7 6 4 p.c. Ins., 1943-46 — 100 0 0 4 p.c. Ins., 1949 100 0 0 100 15 0 4 p.c. Ins., 1955 100 0 0 — 4 p.c. Bonds, 1955 100 0 0 — Other Debentures Christchurch Trams. 41 p.c., 1/2/61 103 0 0 Gisborne Sheep. 6i p.c.. 31/8/41 101 0 0 — N.Z Refrig., 41 p.c.. 1/8/40-45 — 102 0 0 Dominion Fertiliser, 7J p.c., 1/2/41 .. 102 0 0 — Hanks Australasia (cum div.. £5) * .. — 10 7 6 Comm of Aust. (10s) — 0 15 7 Comm, of Sydney (£12 10s paid) — 20 0 0 New Zealand (£1) 2 1 2 2 1 9 Queensland Natl. (£5) — 5 10 0 Insurance National (7s paid) — 0 16 0 New Zealand (£1) — 2 14 G South British (10s) — 2 3 6 Standard (£1 paid) — 2 15 0 Loan and Agency Dalgety and Co. >■ (£5 paid) .. .. 7 5 0 8 0 0 Goldsbrough, M. (£1) — 1 5 9 Mutual Benefit (£10) — 13 10 0 N.Z. Guar. Corpn. (cum div., 3s) 0 3 11 — Frozen Meat Cantby. (£7 10s pd.) 9 5 0 — Canterbury (pf.. £5) — 6 10 b N.Z Refrig. (£1 paid) 0 16 0 • 0 17 9 N.Z. Refrig (10s paid) — 0 8 0 North Cant. Freezing (pref.. £1' 0 26 0 — Southland (£1) — 1 10 9 Woollens Felt and Textiles (£1) — 1 10 0 Coal Grey Valley (£1) — 0 n 0 Westport-Stockton (10s) 0 3 3 0 4 6 Westport-Stockton (pf., 10s) 0 5 6 Gas Christchurch (£1) — 1 7 3 Breweries Crown (in liqdn.) 0 1 0 — Carlton (£1) — 3 2 0 New Zealand (£1) 1 18 0 1 19 0 Swan (5s) .. •• — 1 7 3 Tooths (£1) •• 2 6 3 2 7 9 Castlemain Perkins .. — 1 2 6 Miscellaneous Alloy Steel (N.Z.) (£1) i i 0 1 3 6 Amalg. Wireless (cum div., £1) — 3 6 0 Amalg. Wireless (17s pd., cum div.) — 2 18 6 Anthony Hordern (£1) 0 14 4 0 14 6 Aust. Glass (£ 1) 4 2 3 4 5 0 Aust. Iron and Steel (pref., £1) — 1 6 3 Beath and Co. (cum div., £1) 0 19 0 1 1 0 Booth, Macdonald (pf.. £1) — 0 2 2 British Tobacco (cum div.. £1) 2 3 6 2 3 9 Broken Hill Pty. (£1) 2 10 10 2 11 2 Broken Hill Pty. (con.. 10s paid) .. — 1 13 8 Claude Neon (N.Z.) (£1) — 1 6 0 Colonial Sugar (£20) — 44 0 0 Dominion Fert. (£1) — 1 4 0 Donaghy 'Rope (£1) .. 2 1 9 2 7 6 Dunlop Rubber (cum div., £1) 0 18 1 0 18 4 Electro. Zinc (£1) •1 16 1 * 1 16 5 Electro. Zinc (pf., £1) 2 0 10 2 1 9 G. J. Coles (£1) 3 10 9 3 12 9 Hume Pipe (Aust.)/ (cum div., £1) — 0 18 6 I.C.I. (Aust. and N.Z.) (pref.. £1) — 1 i 6 McKenzies, Ltd., ( £1) 2 14 6 3 0 0 N.Z. Drug Co. (£2) 3 8 0 3 10 6 N.Z. Farmers’ Co-op. (4J p.c. Stock, 1950, £100) 90 0 0 91 10 0 N.Z. Farmers’ Co-op. (41 p.c. Stock 1955, £100) 90 0 0 — N.Z. Newspapers (36/8) — 1 15 0 Taranaki Oil, (24/7) — 0 11 2 Wilson's Cement (10s) 0 15 0 — Woolworths (Sydney) (ord., cum div, 5s) .. 0 19 1 0 19 2 Woolworths (Victoria) (pref., £1) — 1 10 0 Woolworths (N.Z.) (5s) — 0 17 11 Woolworths (pref., cum div.. £1) — 2 0 0 W. R. Carpenter 2 3 6 — Overseas Listings Woolworths (S.A.) (5s) 0 13 3 0 14 8 Mining Argo (Is) — 0 1 11 Argo (cont.. Is) 0 1 2i 0 1 8 Austral.-N.Z. (£1) .. —- 1 1 0 Clutha River (2s) — 0 2 3 Gillespie’s Beach (Is) — 0 1 1 Grey River (10s) 0 13 0 Moonlight Gold. (8d) 0 0 4i 0 0 5i Mossy Creek (Is) — 0 1 0 Nemona (Is) — 0 1 51 New River (Is) 0 0 6 Skippers, Ltd. (Is) — 0 0 1 Skiopers (pref., Is) .. — 0 0 6 Waihi Grd. June. (2s) — 0 3 3 Australian Mining Broken Hill South (5s) 1 3 4 1 6 8 Mount Lyell (£1) — I 5 4 Mount Morgan (2s 6d) 0 9 10 0 9 11 Mount Morgah (pref.. £1) — 1 0 11 North Broken Hill (ex div., 5s) 1 19 0 2 2 3 Rawang Tin (cum div.. 10s) .. — 0 7 8 Wellington Alluvials 0 4 3 0 5 0

Sales on ’Change £ s. d. Ins. Stock. 1938-52 . 31 p.c. 99 17 6 Ins. Stock, 3J p.c., 1939-43 98 7 6 Ins. Stock. 1949. 4 p.c. 100 10 0 Broken Hill Pty. 2 11 0 N.Z. Drug 3 8 6 Woolwortiis. Ltd. (ord.) 0 19 5 (2) 0 19 4 Gillespie’s Beach 0 0 113 (All the above late Tuesdaj',) N.Z. Guar. Corpn. 0 4 2 McKenzies 2 18 6 Wool worths. Ltd. (ord.) 0 19 2 Broken Hill Pty. 2 11 0 Dunlop Perdriau 0 18 6 Ins. Stock. 1938-52. 31 p.c. 99 17 6 Ins. StocH, 1953-57, 31 p.c. 93 5 0 Ins. Stock, 4 p.c.. 1949 100 10 0 Ins. Stock, 1939-43, 31 p.c. 98 5 0

, Sales on ’Change • £ s. d. Bank of New Zealand 2 1 45 2 1 6 After Call Woolworths (Sydney) 0 19 3

Morning Sales Commercial Bank of Sydney £ 19 S. 13 d. 0 Bank of New South Wales • , 29 10 0 Tooheys (ex div.) • » 1 6 9 9 Tooths 2 7 Anthony Hordern .. «-« U 14 4 Australian Glass .. 4 5 0 Broken Hill Pty. «• 2 13 3 Colonial Sugar • • 43 15 0 Dunlop Perdriau • • 0 19 0 General Industries «» 0 17 3 Henry Jones 2 5 0 Afternoon Sales Bank of New South Wales £ 29 s. 5 d. 0 Colonial Sugar 43 0 0 United Insurance 9 10 0 British Tobacco 2 3 6 British Tobacco (pref.) 1 11 0 Tooths 2 7 6 Tooheys 1 6 6 Australian Glass 4 5 0 Dunlop Perdriau 0 18 3 David Jones 1 11 9 Kandos Cement >. 1 2 9 Horts Dock 0 11 3 Australian Gypsum 0 18 5 Amalgamated Wireless (contr.) 2 13 0 J. Fielding 3 17 6 Standard Cement 0 17 6 Waldas Shoes 0 6 0 Woolworths 0 19 3 Felt and Textiles 1 7 0 Sargents 1 1 6 United Provisions 0 6 9 Goldsbrough, Mort 1 5 6 Millaquin Sugar 1 13 0 Mount Morgan 0 10 0 Broken Hill Pty. 2 11 3 North Broken Hill 2 0 6 Emperor Gold 0 10 6 DAloma 0 19 9

Sales £ s. d. Comm. Bank of Australia 0 14 2 Howard Smith 0 15 6 British Tobacco 2 2 6 Carlton Brewery 2 19 6 G. J. Coles ■ .. 3 11 3 Drug Houses ,. (pf.j 1 3 6 Australian Iron and Steel 1 4 0 Australian Glass 4 3 9 Dunlop Perdriau 0 18 0 Dunlop Perdriau (pref.l 1 17 6 Melbourne Investment Trust 0 10 2 Felt and Textiles 1 8 9 Herald and Times 2 14 0 Hume Pipe 0 18 6 Electrolytic Zinc 1 15 3 Electrolytic Zinc (pref.) 2 1 6 Victoria Nyanza 0 13 0 Mount Morgan 0 9 9 Mount Lyell 1 5 0 Broken Hill Pty. 2 11 0 North Broken Hill .» 2 0 6 South Broken Hill 1 6 0 Emperor n 10 1 Loloma. .. .» «« « 6

RUGBY September 27. Paris, fr. to £l Par. Sept. 26. Sept. 27. 170 178 11-16 178s New York, dol. to £1 4.866 4.75i 4.79 Montreal, dol. to £1 4.866 4.792 4.79J Brussels, belgas to £1 35 28.09 Geneva, fr. to £1 25.2215 21.25 Amsterdam, fl. to £1 12.107 8.92* 8.81* Milan, lire to £1 92.43 90 7-16 90 Berlin, reichmarken to £1 20.43 12.00* 12.00 Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm. kr. to £1 18.159 19.392 . Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 _ Prague, kr. to £1 154.25 138 137 Helsingfors, marks to £1 193.23 226J 2262 Madrid, pesetas to £1 25.2215 _ Lisbon, escudos to £1 110 110 3-16 110 3-16 Athens, drach to £1 375 547i 547* Bucharest, lei to £1 818.60 660 660 Belgrade. dinars 376.3 214 214 Hio de Janeiro, pence to milrels 4.90 2 31-32 2 31-32 Buenos Aires, pence to dol. 51 18.87* 18.80* Montevideo, pence to peso . 20 20 Bombay, pence to rupee' • 17 59-64 17 59-64 Shanghai, pence to rupee * 82 83 Hong Kong, pence to yen <* 15 15 Yokohama, pence to yen 24.58 14 14 Batavia. guilders 12.107 8.90* 8.90* Warsaw, par zlotys to £i 43.38 26.31 26.31 ‘Determined by price of silver.

£N.Z. to £100 stg. 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/O.D. 100/17/6 100/5/Fiji— £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. 3.8239 3.7852 O.D. 3.8326 3.7862 Montreal— Dol. to £1 N.Z. T.T. 3.8935 3.8511 O.D. 3.9022 3.8521 Belgium— Be!gas to £1 N.Z. T.T. 22.670 22.320 O.D. 22.745 22.325 Czechoslovakia— Korunas to £1 N.Z. T.T. — 109.72 O.D. — 109.74 Denmark — Kroner to £1 N.Z. T.T. 18.228 17.868 O.D. 18.288 17.870 Finland— Marks to £1 N.Z. T.T. 185.70 179.30 O.D. 186.10 179.40 France— Francs to £1 N.Z. T.T. 145.71 142.21 O.D. — 142.23 Germany— Reichmarks to £1 N.Z. T.T. — . O.D. — — Greece— Drachmae to £1 N.Z. T.T. — 429.55 O.D. — 429.70 Holland— Florins to £ I N.Z. T.T. 7.161 7.021 O.D. 7.201 7.023 Italy— Lire to £1 N.Z. T.T. — 71.930 O.D. — 71.955 Java— Florins to £ 1 N.Z. T.T. 7.181 7.011 O.D. 7.221 7.013 Norway— Kroner to £1 N.Z. T.T. 16.192 15.882 O.D. 16.252 15.885 Noumea— Francs to £1 N.Z. T.T. 149.81 139.16 O.D. — 139.20 Papeete— Francs to £1 N.Z. T.T. 149.11 139.41 O.D. — 139.45 Sweden— Kroner to £1 N.Z. T.T. 15.811 15.466 O.D. 15.871 15.469 Switzerland— Francs to £1 N.Z. T.T. 17.210 16.870 O.D. 17.315 16.872 Chefoo-— N.Z. pence'to dol. T.T. — 122 O.D. — 122 Hong Kong— N.Z, pence to dol. T.T. 18 21-64 18 61-64 O.D. 18 19-64 18 61-64 India and Ceylon— N.Z. pence to rup. T.T. 22 3-64 22 31-64 O.D. 22 1-64 22 31-64 Japan— N.Z. pence to yen T.T. — 172 O.D. — 172 Manila— N.Z. pence to peso T.T. 30 45-64 31 45-64 O.D. 30 39-64 31 45-64 Shanghai— N.Z. pence to dol. T.T. — 112 O.D. — 112 Singapore— N.Z. pence to dol. T.T. 34 17-64 35 O.D. 34 11-64 35