THE STOCK EXCHANGES

Press, Volume LXXV, Issue 22678, 5 April 1939, Page 13

THE STOCK EXCHANGES

MARKETS GENERALLY FIRM MODERATE LOCAL TURNOVER Markets generally were firm on call yesterday and there was a moderate turnover in a few stocks. New Zealand Government 3J- per cent, stock, due 1953-57, remained unaltered at £9l 10s, market closing £9l 5s buyers, £ 91 10s sellers.' Commercial Bank of Australia were firm, with buyers and dealings at 16s, sellers at 16s Id. Buyers of National Bank of New Zealand raised their bids to 46s 9d, and sellers were firm at 475. South British Insurance were firmer on buyers’ offers 44s 3d.

Metropolitan Building changed hands at £ll,

Goldsbrough, Morts were firm with sellers and business at 295, buyers at 28s lOd.

Kaiapoi Woollen preference were steady at 14s 9d. New Zealand Breweries were fractionally firmer at 37s iOd. Buyers of Tooths Brewery moved up to 555.

Buyers of Australian Consolidated Industries raised their bids to 33s Id, sellers at 365. British Tobacco were fractionally firmer with buyers and business at 49s 6d. "Broken Hill Proprietary were firmer on buyers’ offers, 58s 6d.

Buyers' offers for Donaghys, Dunlops. Zincs, Herald and Weekly, 1.C.1. preference, Newspapers and Wilsons, revealed firmer markets. Q. J. Coles were stronger ydth .buyers and business at 78s 6d. sellers at 80s. > Buyers of Woolworths moved un to 23a Id, but sellers were reticent.

Mount Lyells were firmer with buyers at 26s lOd. Grey River were a shade easier at 18s 3Jd, market closing id either way. Buyers of Arahura raised their bids to 27s 6d without attracting sellers. LISTED STOCKS

LATEST QUOTATIONS

SYDNEY The Sydney- Stock Exchange showed marked improvement yesterday because of the easier situation oversea. Leading industrial shares advanced and barriers were stronger, but weakness persists in the

LONDON London stock markets are very quiet, but the tone Is firmer.-with the exception of Trans-Atlantics. which are irregular. The City is taking a much brighter view of the international situation, and as a result markets closed firmly. Business, however, was negligible, partly owing to the approach of Easter. Quotations for mining shares are:— Buyers. . Sellers.

ASSOCIATED BANKS* DOLLAR DATES The Associated Banks (other than the Bank-of New South Wales) quoted tfce following dollar rates yesterday on a New Zealand currency basis. They are subject to alteration without notice:— U.S.A, Canada.' (Per £1 N.Z.) do). .dol.

Sales on 'Change £ s. d. 300 Conun. Bank of Aust. „ / (2) 0 16 0 100 Goldsbrough, Mort 1 9 0 100 N.Z. Breweries 1 17 10 100 British Tobacco 2 9 6 30 G. J. Coles 3 18 6 100 Grey River 0 18 3i Bales Reported 20 Metropolitan Building, Wellington 11 0 0 100 Kaiapoi Woollen (pf.) 0 14 9 100 British Tobacco 2 9 6 £400 N.Z. OovtJi p.c., Ins., 1993-57 91 10 0

Buyers Sellers. £ s. d. £. S' d. N.Z. Govt. Debentures 3 p.o. Ins., 1041 96 0 0 3J p.c. Ins., 1038-41 .. 99 0 0 4 p.c, Ins., 1943-4Q 98 10 0 4 p.c. Ins., 1946-49 99 10 0 4 p.c. Ins., 10S2-5S 99 0 0 4 p.c. Bonds, 1946 98 12 6 4 p.c. Bonds, 1949 99 s 0 — 4 p.c. Bonds, 1055 09 0 0 Rural Bonds, 5 p.o.. 15/9/47 07 7 6 WNT Other Debentures Tolaga Bay, 4i p.c,, 1/3/43 .. 102 10 0 Sth. Cantby. Electric Power fird., 41 p.o., 1/3/40 •aw 101 10 0 Booth, Macdonald, 5 p.c., 1/6/47 — 68 0 0 N.Z. Refrig., 4J p.c.. 1940-45 100 0 0 Banks Australasia (ex div., £5 paid) 9 0 0 _ Comm, of Aust. (10s) 0 16 0 0 16 1 Comm, of Sydney (£12 10s paid) 20 0 0 E., S., and A. (£3 pd.) 5 4 0 5 9 0 Natl, of A’asia (£5 paid) 6 5 0 6 14 0 Natl, of N.Z. (£2 10s paid) 2 6 9 2 7 0 New South Wales (£20) 30‘ 0 0 New Zealand (£1) 1 17 9 1 18 1 Union (£5 paid) — 8 4 0 , insurance Natl. (7s paid) —T 0 15 8 New Zealand (£1) .. 2 11 0 South British (cum div., 10s) 2 4 3 —- Standard (£1 paid) .. — 2 12 0 Loan and Agency Perpetual Trustees (18s paid) — 2 10 0 Dalgety and Co. (£5i paid) 7 3 0 Goldsbrough, M. (£1) 1 8 10 1 9 0 Natl. Mortgage (A, £2 paid) — 2 .0 0 Natl. Mortgage (B, £1) 1 0 0 1 2 6 N.Z. Guar. Corpn (ex div., 3s) — 0 4 2 N.Z. Loan and Merc. (£100) .. 22 0 0 30 0 0 United Bldg, (ex div.. £1) 1 0 0 1 I 0 Shipping * Devonport Ferry (£1) 1 0 0 1 1 0 Huddart Parker (£1) 2 12 6 — P, and O. Def. (£1) 1 6 0 — Frozen Meat Cantby, (£7 10s pd.) 9 9 0 10 0 0 Cantby. (pf., £5) 5 12 6 N.Z. Refrig. (£1 pd.) 0 14 10 0 15 6 N.Z. Refrlg. (10s pd.) 0 6 6 Nth. Cant. Freezing (pf., £1) 0 15 9 Southland (£1) 1 7 6 — Woollens Bonds Hosiery (£1) .. 0 19 6 1 1 0 Felt .and Textiles (ex div., £1) .. .. 1 10 6 Kaiapoi (7s paid) 0 2 9 0 3 6 Kaiapoi (pref., 17s) .. 0 14 6 .— Manawatu (£1) — 1 3 0 Oamaru (£1) — 0 15 6 Timaru (£1) —• 0 12 0 Coal Grey Valley (£1) .. 0 5 2 — Westport (10s) — 1 0. 9 Westport-Stockton (10s) 0 3 9 ... Westport-Stockton (pf., 10s) 1 .. 0 7 0 0 7 6 Gas Auckland (£1) 0 16 9 Christchurch (£1) .. 1 2 1 1 2 6 . Breweries Ballins (15s paid) .. 0 9 7 0 10 9 Carlton (£1) 3 4 0 — Dominion (pf., £1) 1 10 0 — New Zealand (£1) .. 1 17 5 1 17 11 Timaru (in llqdn.) .. 0 0 9 0 1 0 Tooths (£1) 2 IS 0 2 15 9 Wards-(in liqdn.) 0 0 4 —

Miscellaneous Buyers. Sellers. £ s. d. £. s. d. Alloy Steel (Aust.) (£1) — 0 7 0 Anthony Hordern (£1)' Aust. Paper (pref., Is) 0 15 2 0 15 10 1 16 0 — Aust. foundation Invest. Trust — 0 4 11 Aust. Consolld. Indust. (£1) 1 13 1 l 16 0 Beath and Co. (£1) .. 0 14 9 0 15 5 Booth, Macdonald (pf.. £1) 0 2 0 0 3 0 British Tobacco (Cl) 2 9 6 — Broken Hill Pty. (£1) 2 18 6 3 1 0 Broken H1U Pty. (con., 16/8 paid) Burns, Philp (£1) .. 2 2 11 14 0 0 -* Colonial Sugar (£20) 47 10 0 49 5 0 Consolld. Brick (£1) .. — 0 a 10 Domin. Fertiliser (£1) 1 3 0 _ Donaghy Rope (£1) 2 4 0 — Dunlop Rubber (ex div., £1) 1 0 10 1 l 4 Electro, Zinc, (ord., £1) 2 6 3 2 7 6 Electro. Zinc (pf., £1) 2-10 0 — General Industries (ex div., 12/6) 0 17 9 0 19 5 Gordon & Gotch (£1) 2 16 0 — 6 Hay’s, Ltd. (£1) Herald and Weekly — 0 19 Times (£1) 3 4 0 — Howard Smith (£1) 0 18 2 0 19 3 Hume Pipe (Aust.), (£1) 0 19 0 0 19 9 I.C.I. (Aust. and N.Z.), (pref., £1) * .. 1 4 0 — Kauri Timber (25s) .. 1 3 3 _ M.K. Mfrs. (£1) 0 5 0 0 5 2 Milburn Lime (£1) .. —. 1 13 6 Morris Hedstrom (£1) 1 0 0 — Morts Dock (£1) .. 0 14 4 0 14 11 Moturoa Oil (5s) — 0 4 6 McLeod Bros. (£10) .. 27 10 0 — Macduffs (pref., £1) . • — 0 7 6 McKenzies (£1) 2 X 3 — N.Z. Farmers’ , Co-op. (10s paid) — 0 0 1 N.Z. Farmers’ Co-op. (1st pref., £5) N.Z. Farmers' Co-op. 2 10 0 — (A pref., £4) N.Z. Farmers’ ' Co-op. 1 1 0 1 7 0 (4i p.c. Stock, 1950, 84 0 £100) r— 0 N.Z. Newspapers (lfl/8) 1 9 0 1 ii 0 N.Z. Paper Mills (£1) 1 0 5 1 4 3 Radio (1930) (10s) — 1 0 0 Taranaki Oil. (24/7 pd.) 0 a 3 Whitcombe and Tombs 15 6 (£2 10s paid) 2 2 19 3 Wilcox, Mofflln (Hs) .. 0 5 4 Wilson’s Cement (10s) 0 16 2 0 17 10 Woolworths (Sydney) 1 Cord., 5s) .. • .. 1 3 —• Woolworths (Sydney) 2 (1st pref., £1) 2 7 2 7 5 Woolworths (N.Z.) 0 17 6 (ord., 5s) .. ■ 0 17 ,3 Woolworths (N.Z.) (pf.. cum div., £1) -T* 1 IB - 0 Overseas Listing Woolworths (S.A.) (5s) - 0 14 -8 0 14 11 Australian Mining Broken Hill Sth. (5s) 1 0 10 1 7 6 Mount Lyell (£1) Mount Morgan (2/6) 1 6 10 1 8 0 0 10 7 0 11 0 Nth. Broken Hill (6s) 2 5 3 Sulphide Corpn. (15s) 0 5 0 *7* N.Z. Mining Arahura (£1) 1 7 - 6 Alexander (£1) —V 0 XI 0 Alexander (15s paid) 0 11 0 Argo (Is) .. 0 1 6 Argo (con.) . 0 1 0 Austral (N.Z.) (£1) .. 1 3 9 1 5 0 Big River (Is) 0 0 11 Clutha River (2s) « 0 2 U Gillespie’s Begch (Is) 0 0 Golden Sands (Is) Grey River (10s) .. 0 1 0 0 1. 4 0 18 3 0 18 4 Kanlerl (£1) •• 1 16 0 8 Maori Gully (Is) 0 0 7 0 0 Mossy Creek (Is) .. — Gi 0 1 2 New River (Is) ... 0 0 0 0 8 Skippers (Is) 0 0 ft 2 Waitahu (5s) .. 9 0 x, 0 Worksop (Is) 0 0 0 U 11

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, Assoc. Gold Dredges — 0 6 9 Assoc. Mot. Petrol 12 8 — (pref.) ■ Aust. Motr. Petrol (pref.) Blackball Creek _ 0 16 0 0 0 10 0 1 2 Christchurch Press . • 8 10 0 9 0 0 13 0 13 6 0 8 5 0 10 9 Ngahere Smith, Wylie Tijnaru Lime — 10 0 Westland Breweries .. 1 .5 0 — — 4 5 0 WooltVorths (W.A.) . •

AUCKLAND Sales on ’Change £ s. d. Stock, 4 per cent., 1940-43 88 0 0 Waltemata Power. 3i P-c., i860 National Insurance Dalgety (special parcel) Goldsbrough, Mort Dominion Breweries ., • • Aust. Consolidated Industries .. British Tobacco (late sale) G. J. Coles .. • • • • Henry Jones (late sale) N.Z. Newspapers (odd lot) Sanford (ord.) • • Woolworths (Sydney) Martha •. . • • • • Mount Lyell .. • • Unofficial List Dominion Life (con.) , • 0 15 8 6 10 0 19 0 19 6 1 11 6 2 6 9 3 18 9 2 11 0 19 0 0 3 10 1 3 1 0 11 9 16 6 0 2 10 Wanganui Breweries ..

WELLINGTON Sales on 'Change Amalg. Brick, Wellington 87 10 0 Union Bank 8 2 0 Commercial Bank of Australia 0 15 10& Metropolitan Building 11 0 0 Burns, Philp .. .. •• 2 14 6 , (All above late yesterday.) Bank of New Zealand 1 18 0 Bank of N.2. (D long term) .. 1 6 6 British Tobacco .. (2) 2 9 6 Electrolytic Zinc (pref.) * .. 2 10 9 Electrolytic Zinc (ord.) 2 6 2 6 3 6 Wilson’s Cement 0 16 3 Woolworths, Ltd. (ord.) (2) Farmers’ Trading (B pref.) 1 3 1 0 19 0 Burris. Philp .. • • ■ , • • 2 5 9 Overseas List Woolworths Holdings (S.A.) 0 14 9

DUNEDIN Sales Reported N.Z. Refrigerating (con.) (2) 0 6 6 National Insurance 0 15 8 Mount Morgan ... 6 10 10

banking group. Morning Sales d. £ s. Tooths s .. • • 2 12 0 South British Insurance • , 2 1 6 British Tobacco • , 2 7 6 Broken Hill Proprietary 2 16 0 Afternoon Sales ■'£ s. d. Bank' of New South Wales 28 14 0 Australian Gypsum 1 0 3 Colonial Sugar .. 46 0 0 Associated Newspapers (prefj) 1 2 6 Australian Gas (old) .. 7 2 0 Australian Gas (new) 7 1 0 British Tobacco .. 2 7 6 Tooths 2 12 0 Tooheys . ' • 1 8 3 Woolworths , ... 1 2 0 Woolworths (N.Z. delivery) 2 0 Drug Houses 1 2 3 Consolld. Industries 1 11 S Dunlop Perdrlau 1 0 0 David Jones ■ 1 13 3 Farmers (ex div.) , 1 7 6 Anthony Hordern ; .. 0 15 0 Anthony Hordern (N.Z. delivi) General Industries .." 0.14 10i 0 16 10 Kandos Cement .. 1 6 9 Electrolytic Zinc .. 2 5 3 Electrolytic Zihc (prel.) 2 8 9 Mount Morgan 0 10 0 Mount Lyell ’ .. 1 6 0 Broken Hill Pty. .. 2 16 0 Nth. Broken Hill- .. 2 2 9 Placer Development- .. 3 10 0 Loloma - : .. 1 0 0 oil Search , . .. 0 4.11

MELBOURNE Sales . • ■ , >- JC s. d. Aust. Copsolld. Industries .. 1 12 0 3 15 e Goldsbrough, Mort , .. 1 7 3 Herald and Weekly .. .. 3 0 6 Myers Emporium ... .. 1 8 6 Hunlop Perdrltiu . .. 1 0 0 Mount Lyell . .. Electrolytic Zinc ,. • .. 1 2 S JO 3 0 Electrolytic Zinc (prel.) .. 2 8 6 Loloma ■ ‘ .. I 0 0 Broken Hill -Pty. ... .. North Broken Hill .. 2 15 9 2 3 0

£ s. d. £ s. d. Clutha River 0 X 0 0 1 6 Moiyneux River .. 0 0 3 0 0 3

FOREIGN EXCHANGES (BRITISH' OWIC1AI, 'WIBEXZSS.) RUGBY. April S. P»r. April X April 3. Paris, fr. to £1 178.60 176 49-64 170} New York. dol. to £1 6.660 4-68} 4-68 5-16 Montreal, . ■ dol. to £1 4-869 ' 4.70} 4.7Q 1-16 Brussels, ’ ‘ 87.79 belgag to £1 35 37.83 Geneva. fl. to £1 22.2215 28.85} 28.85} Amsterdam, • . v ’ fl. to £1 12.107 8.811 8.81} Milan, lire ■ 1 to £1 92.0 89 89 Berlin, reich- _ inarken to £1 20.43 . 11.67 11.88 Copenhagen, ’ ' kr. to £1 18.199 22.40 22.40 Stockholm, ' .. . kr. to £1 18.189 19.40 19.40 Oslo, kr. to £1 19.189 19.90 19.90 Vienna, schgs. to £1 34.585 — . Prague, kr. to £1 164.25 — Helsinki; marks to £1 193.23 2261 2261 Madrid, pesex tas to £1 29.2215 — — Lisbon, escu- ‘ . das to £1 110 110J . Athens, drach to £1 375 . 547} 547§ Bucharest, 660 lei to £1 818.60 660 Belgrade, 209 dinars 376.3 209 Rio de Janeiro, pence to mllrels .. 6.|99 31/16 31-16 Buenos Aires, pence to dol. 11.45 20.80 20.26 Montevideo, pence to peso 51 18} Bombay, pence . to rupee 18 17 61-64 17 0X-M Shanghai, pence to yen • — Hong Kpns. . pence to yen * - 1413-10 Ml Yokohama, 14 pence to yen 24.58' 14 Batavia. , guilders 12.107 8.80 8.80 Warsaw, par. zlotys to £1 43.38 24.87 24.87 •Determined by price of silver. QUOTATIONS FROM BANK OF NEW SOUTH WALES The Bank of New South Wales Quoted the following exchange rates yesterday:— . Buyers, Sellers. N.Z. on London — £N.Z. to £100 stg. T.T. 124/7/6 125 O.D, 123/18/9 124/19/9 Australia— £A. to £100 N.Z. T.T. 100/16/100 O.D. 100/10/100 FiJI— 88/12/6 £F. to £100 N.Z. T.T. 90 O.D. 90 • 88/12/6 New Ybrk— Dol. to £1 N.Z. T.T. 3.7757 3.7326 ' O.D. 3.7807 3.7336 Montreal— 3.7466 Dol, to £1 N.Z. T.T, 8.7868 • • O.D. 3.7952 3.7476 Belgium— . Belgas t® £1 N.Z. T.T. 22.450 22.140 ’ O.D. 22.525 22.145 Czechoslovakia — Korunas to £1 N.Z. T.T. — •— O.D. — — Denmark— Kroner to £1N.Z. T.T, 18.140 17.830 O.D. 18.200 17.832 Finland — •Marks to £1 N.Z. T.T. 184.75 178.95 OJ5. 185.15 179.05 France — _ 14051 Francs to £1 N.Z. T.T. 143.01 O.D. 144.26 140.53 Germany— Reichsmarks to £1 N.Z. T.T. — , 9.277 Q-D. — ' 9.279 Greece — Drachmae to £1 N.Z. T.T. — 425.19 O.D.— 425.34 Holland— Florins to £1 N.Z. T.T. 7.160 7.010 O.D. 7.200 7.012 Italy— Lire to £1 N.Z. T.T. — 70.944 O.D. -- 70.969 Java— O.D. 7.178 6.990 O.D. 7.178 6.990 Norway— Kroner to £1N Z. T.T. 16.126 15 £36 O.D. 16.186 15.839 Noumea — Francs to £1 N.Z. T.T. 145.51 138.76 O.D. 147.01 138.80 Papeete— Francs to £1 N.Z. ’T.T. 144.91 138.91 O.D. 146.41 138.95 Sweden—, Kronor to £1N.Z. T.T. 15.736 15.441 O.D. 15.796 15,444 Switzerland— Francs to £ 1 N.Z. T.T. 16.878 16.608 OJ5. 16.978Chefoo— — 16.611 N.Z. pence to dol. T.T. — — O.D. — — Hong Kong— 18 21-32 N.Z. pence to dol. T.T, 18 9-32 OJ5. 181 18 21-32 India and Ceylon— N.Z, pence to rup. T.T, 22 7-32 22} Q.D. 22 3-16 22} Japan— N-Z, pence to yen T.T. — 178 O.D. — 17g Manila— , N.Z, pence to peso T.T. 31*35-64 321 O.D. 31 29^64 32} Shanghai— . . N.Z. pence to dol. T.T. — — ‘O.D. Singapore— . N.Z. pence to dol. T.T. 34 31-84 34 31-32 005. 34 25-64 34 31-32 Union of South Africa— £N.Z. to £100 S.A. T.T. 123/1/3 124/13/9 O.D. 122/13/9 124/13/9

Selling— T.T. „ .. 3.781 3.73 Hrl6 O J>. .. 3.72] ■ 3.7315-16 Buying— T.T. .. 3.77 5-16 3.7BI 0.0. .. 3.781-16 3,7? U46