THE STOCK EXCHANGES

Press, Volume LXXIV, Issue 22592, 23 December 1938, Page 11

THE STOCK EXCHANGES

MARKETS LIFELESS AT CLOSE

PRICE LEVELS GENERALLY MAINTAINED

The Affiliated Stock Exchanges throughout New Zealand closed for the Christmas-New Year vacation yesterday.

Local markets at the close were lifeless and there was only a small turnover in a few stocks.

Price levels generally were well maintained,

Buyers of Australian Glass raised their bids to £5 6s without attracting sellers. British Tobaccos (cum dividend) recovered to 50s 3d, and there were further unsupported tellers at that price. Broken Hill Proprietary were firm on buyers’ offers 57s 6d. Buyers of Colonial Sugars raised their bids to £49, but sellers wanted £49 15s. Taranaki Oil were fractionally weaker at 9s 9d, buyers staying in at that figure, sellers at 9s lid. Woolworths moved up to 225, and Woolworths (N.Z.) were fractionally firmer at 19s, market closing 18s lOd buyers, 19s Id sellers. Grey River had dealings at 17s and 17s 4d, closing quotations 16s lOd buyers, 17s 2d sellers. New River were a shade stronger at 9|d, market closing 9d buyers, 9id sellers. - Sales on 'Change £ s. d.

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. £ s. d. £ s. d. Arahura .. 14 1 Ashby, Bergh (£2 10s paid) Ashby. Bergh (pf.) .. Ballins Breweries (cum div.) .. 0 9 6 010 0 Christchurch Press .. 800 90 0 Blackball Creek .. 0 12 0 13 Kanieri 1 10 0

National Tobacco .. Riley, Arthur D. (pf.) ■ Smith, Wyllie .. 0 5 0 Tingey, R. and E . .. Westland Breweries 1 11 6 Woolworths (pref., (West. Aust.) .. 10 0

NEW YORK STOCK EXCHANGE

NEW YORK, December 21. Turnover on the New York Stock Exchange to-day was 1,060,000 shares.

100 British Tobacco (cum div.) (2) 2 10 3 100 Taranaki Oilfields 0 9 9 200 Wool worths (N.Z.) X2) 0 19 0 Sales Reported 50 British Tobacco (cum div.) 2 10 3 100 Wool worths (Sydney) 1 2 0 1000 Big River •• 0 0 9i LATEST QUOTATIONS Buyers Sellers. £ s. d £ s. d. N.Z. Govt. Debentures 3 p.c. Ins., 1941 94 0 0 97 — 34 D.c. Ins., 15/3/39-43 — s 0 3i p.c. Ins., 15/9/39-43 — 97 5 0 3i p.c. Ins., 1939-52 — 96 15 0 4 p.c. Ins., 1949-52 — 97 0 0 3J p.c. Ins., 1953-57 .. 89 10 0 92 0 0 4 p.c. Ins., 1943-46 96 15 0 98 0 0 4 b.c. Ins., 1952-55 96 10 0 — 4 p.c. Bonds, 1946 97 12 6 — 4 p.c. Bonds. 1955 98 10 0 — Other Debentures Booth, Macdonald, 5 p.c., 1/6/47 Dominion Fert., 6 p.c., 69 0 0 — 1/2/41 102 0 0 — Gisborne Sheepfarmers, 102 0 6i p.c., 31/8/41 0 — Banks Australasia (£5) — 10 4 0 Comm. Bank of Aust. 16 (10s) 0 16 3 0 5 Comm, of Aust. (pf.. 9 10 £10) 0 — Comm, of Sydney (£12 10s paid) 21 0 0 — E.. S.. and A. (£3 pd.) 5 5 0 5 10 0 Natl, of A’asia. (£5pd.) b 12 6 — Natl, of N.Z. (£2 10s 10 9 paid, cum div.) 2 9 9 2 N.S.W. (£20) 30 5 0 —— New Zealand (£1) .. 1 19 6 2 0 1 Union of Aust. (£5 pd.) 8 10 0 8 13 0 Insurance National (7s paid) .. 0 15 4 0 15 8 South British (10s) .. — 6 2 2 0 Standard (£1 paid) .. 2 9 — Doan and Agency Dalgety and Co. (£5 8 paid) — 0 0 Goidsbrough M. (ex 9 div., £1) — 1 0 South Island Finance 8 6 (10s paid) — 0 Natl. Mort. A (£2 paid) — 2 3 0 N.Z. Guar. Corpn. (3s) — 0 4 2 United Bldg. Soc. (£1) — 1 0 3 Shipping N.Z. (pref., £10) 11 10 0 — Frozen Meat N.Z. Refrig. (10s paid) — 0 7 H Woollens Felt and Textiles (£1) 1 11 6 — Kaiapoi (17s paid) 0 7 6 0 8 0 Kalapoi (pref., 17s) .. 0 13 3 0 16 6 Coal Grey Valley (£1) .. 0 6 0 0 8 0 Westport (10s) — 0 1 1 6 Westport-Stockton (10s) 0 3 0 3 11 Stockton (pref., 10s) .. 0 6 8 0 7 0 Gas Christchurch (£1) 1 3 9 1 4 9 Timaru (£1) — 0 14 6 Breweries New Zealand (£1) .. 1 18 0 1 18 3 Queensland (£1) 1 6 0 — 6 Swan (5s) 1 9 6 Timaru (in liqdn.) 0 0 9 0 1 Melbourne Co-op. (£1) 2 16 0 3 2 6 Miscellaneous Alloy Steel (N.Z.) 10 (£1) 1 1 0 1 4 Australian Alloy Steel 9 (£1) . — 0 0 Amalg. Wireless (18s 0 paid) — 3 1 Andersons (1st pref.. 19 £1) 10 0 0 Anthony Hordern (£1) 0 IS 0 16 ii Aust. Glass (£1) 5 6 0 Berlei (N.Z.) (£1) .. 3 4 0 3 10 0 British Tobacco (cum 10 3 div., £1) — 2 Broken Hill Pty. (£1) 2 17 6 2 18 6 Broken Hill Pty. ,(con.. 8 10s paid) — 2 5 Colonial Sugar (£20) 49 0 0 49 15 0 D.I.C. (10s paid) 0 13 0 — Dunlop Rubber (£1) 1 1 0 i 1 3 G. J. Coles (£1) 4 1 6 4 2 b Howard Smith (£1) .. 0 18 0 — I.C.I. (Aust. and N.Z., pref., £1) 1 3 6 i 4 3 Milburn Lime (£1) — i 14 0 Moturoa Oil (5s) — 0 5 0 McKenzies (ex div., 10 £1) — 2 0 N.Z. Drug (£2) N.Z, Farmers’ Co-op. — 3 4 6 0 (£2 10s paid) N.Z. Farmers’ Co-op. — 0 10 2 10 (1st pref., £5) N.Z. Farmers’ Co-op. 0 — (4J p.c. Stock, 1949, 90 £100) — 0 0 N.Z. Fanners’ Co-op. (44 p.c. Stock, 1955, £100) 90 0 0 N.Z. Newspapers (16/8) — 9 1 13 0 Taranaki Oil. (24/7 pd.) 0 9 0 9 11 United Pro vis. (£1) .. — 0 8 6 Wilcox, Moffiin (lls) 0 6 0 0 6 9 Woolworths (Sydney), (ord. 5s) — 1 2 0 Woolworths (N.Z.) (5s) 0 18 10 0 19 1 Overseas Listing Woolworths (S.A.) (5s) — 0 15 3 Australian Mining Broken Hill Sth. (5s) 1 7 6 1 8 6 Mount Lyell {£ 1) - .. 1 8 3 1 8 6 Mount Morgan (2s 6d) 0 10 3 0 10 6 Nth. Broken Hill (5S) 2 8 3 2 9 0 N.Z. Mining Argo (Is) .. 0 1 0 2 0 Argo (con., Is) 0 1 4 0 1 8 Austral (N.Z.) Mining (£1) 1 2 0 Barrytown (£1) 0 10 0 1 0 0 Big River (Is) — 0 1 1 Goldfields Dredg. (Is) — 0 0 4 Grey River (10s) .. 0 16 10 0 17 2 Maori Gully (Is) .. 0 0 6i 0 0 74 Mossy Creek (Is) ». 0 0 Hi 0 1 2 Nemona (Is) .. — 0 1 0 New River (Is) .. 0 0 9 0 0 94 Skippers (Is) — 0 0 04 Skippers (pref.. Is) .. Worksop Extend, (cum — 0 0 6 div.. Is) .. 0 0 10 0 1 1

AUCKLAND Sales on ’Change ' £ s. d. Comm. Bank of Aust. ... •» 0 16 5 Natl. Bank of N.Z. .. ’ 2 9 9 Grey Valley Coal .. .. 0 6 5 Auckland Gas .. .. 0 18 9 Auckland Gas (con.) 0 12 9Leyland O’Brien .. .. 0 14 9 Australian Glass .. .. 5 7 0 Broken Hill Pty. 2 17 6 2 17 9 Imperial Chemicals (pref.) .. 14 0 Woolworths (Sydney) 1 1 11 Mount Morgan ,. .. 0 10 2 WELLINGTON Sales on ’Change £ S. d. Bank of New Zealand .. 1 19 9 Imperial Chemical Industries (pref.) 14 0 (Both above late Wednesday.) Natl. Bank of New Zealand .. 2 9 8 National Insurance 0 15 3 Wellington Gas 1 10 6 Macduffs, Ltd. 0 2 6 Woolworths, Ltd. .. (2) 12 0 DUNEDIN Sales Reported Bank of New Zealand ., 2 0 0 Broken Hill Proprietary 2 17 6 2 18 0 New Zealand Breweries 1 18 0 4 p.c. Govt. Bonds, 1952.55 96 15 0 4 p.c. Govt. Bonds, 1943-46 98 0 0 LONDON Quotations: — Buyers. Sellers. £ s. d. £ s. d. Clutha River 0 14} 0 17} Molyneux River m 0 0 6 0 0 9 FOREIGN EXCHANGES (BKITI8B omclit WIE1LISS.) RUGBY. December 21. Par. Dec. 20. Dec. 21. Paris, fr. to £1 179.60 177 19-64 177 7-64 New York, dol. to £1 4.866 4.66} 4.66} Montreal, dol. to £1 4.866 4.71 4.70} Brussels. belgas to £1 35 27.68 27.65} Geneva, fr. to £1 25.2215 20.64} 20.64} Amsterdam. to £1 12.107 8.58} 8.57g Milan, lire to £1 92.00 88} 88} Berlin, reichmarken to £1 20.43 11.63} 11.62 Copenhagen, kr. to £1 18.159 22.40 22.40 Stockholm, kr. to £1 18.159 19.42 19.42 Oslo, kr. to £1 18.159 19.90 19.90 Vienna, schgs. to £1 34.585 — _ Prague, kr. to £1 164.25> 136} 135} Helsingfors, marks to £1 193.23 226} 226| Madrid, pesetas to £1 25.2215 — Lisbon, escudos to £1 110 110} 110 3-16 Athens, drach to £1 375 547} 547} Bucharest, lei to £1 818.60 660 660 Belgrade. dinars 376.3 209 209 Rio de Janeiro, pence to mllreis .. 5.899 31-16 31-16 Buenos Aires, pence to dol. 11.45 20.57} 10.51 Montevideo, pence to peso 51 18} 18 Bombay, pence to rupee 18 17 59-64 17 59-64 Shanghai, pence to yen • 8} 81 Hong Kong, pence to yen • 15 15 Yokohama, pence to yen 24.58 14 14 Batavia, guilders 12.107 8.57} 8.56 Warsaw. zlotys to £1 43.38 26.31 26.31 ♦Determined by price of silver. QUOTATIONS FROM BANK OF NEW SOUTH WALES The Bank of New South Wales quoted the following exchange rates yesterday:— Buying. Selling. N.Z. on London— £N.Z. to £100 Stg. T.T. 124/10/ 125 O.D. 124/1/3 124/19/6 Australia — £ A to £100 N.Z. T.T. 100/10/- 100 0,D. 100/10/100 Fiji— £F. to £100 N.Z. T.T. 90 88/12/6 O.D. 90 88/12/6 New York— Dol. to £1 N.Z. T.T. 3.7669 3.7181 O.D. 3.7719 3.7191 Montreal — Dol. to £1 N.Z. T.T. 3.8079 3.7478 O.D. 3.8166 3.7488 Belgium— Belgas to £1N.Z. T.T. 22.416 21.876 O.D. 22.491 21.881 Czechoslovakia — Korunas to £1 N.Z. T.T. — 106.81 O.D. — 106.63 Denmark— Kroner to £1 N.Z. T.T. 18.218 17.686 O.D. 18.278 17.688 Finland— Marks to £1 N.Z. T.T. 186.15 176.00 O.D. 186.55 176.10 France— Francs to £1 N.Z, T.T. 144.46 139.46 O.D. — 139.48 Germany— Reichmarks to £1 N.Z. T.T. — 9.139 O.D. — 9.141 Greece^— Drachmae to £1 N.Z. T.T. — 418.68 O.D. — 418.83 Holland— Florins to £1 N.Z. T.T. 7.010 6.755 O.D. 7.050 6.757 Italy— Lire to £1 N.Z. T.T. — 70.32 O.D. — 70.34 Java — Florins to £1 N.Z. T.T. 6.984 6.724 O.D. 7.024 6.726 Norway— Kroner to £1N.Z. T.T. 16.201 15.704 O.D. 10 m 15.107 Noumea — Francs to £1N.Z. T.T. 149.46 135.96 O.D. — 136.00 Papeete— Francs to £1 N.Z. T.T. 148.26 136.26 O.D. — 136.30 Sweden— Kronor to £1 N.Z. T.T. 15.832 15.330 O.D. 15.892 15.333 Switzerland— Francs to £1N.Z. T.T. 16.774 16.309 O.D. 16.879 16.311 Chefoo— N.Z. pence to dol. T.T. Nominal O.D. Nominal Hong Kong— N.Z. pence to dol. T.T. 18 7-16 19 3-32 O.D. 18g 19 3-32 India and Ceylon— N.Z. pence to rup. T.T. 22 9-84 22 41-64 O.D. 22 7-64 22 41-64 Japan— N.Z. pence to yen T.T. — 173 O.D. — 17} Manila— N.Z. pence to peso T.T. Nominal O.D. Nominal Shanghai— N.Z. pence to dol. T.T. Nominal O.D. Nominal Singapore— N.Z. pence to dol. T.T.. 34 29-64 35 19-64 O.D. 3425-04 35 19-64