THE STOCK EXCHANGES

Press, Volume LXXV, Issue 22804, 1 September 1939, Page 13

THE STOCK EXCHANGES

MARKETS* CONTINUE QUIET PRICES GENERALLY MAINTAINED Share markets continued quiet on call yesterday, but prices generally were well maintained. Bank of New Zealand were firm with sellers and dealings at 39s 9d, buyers at 39s 7d. Goldsbrough, Mort remained unaltered with buyers at 275, sellers at 28s.

Sellers of New Zealand Refrigerating fully paid reduced their limits to 16s, buyers at 15s 2d. An odd parcel of New Zealand Breweries changed hands at 365, and further buyers at that figure failed to attract sellers. Buyers of Australian Consolidated Industries advanced to 36s 9d, but sellers were reticent. _ British Tobacco were firmer with business at 51s, and further buyers at 50s failed to attract sellers. * Broken Hill Proprietary were fractionally weaker with dealings at 74s 3d, 74s 5d and 74s 6d, buyers staying in at the highest figure, sellers at 74s 9d. Donaghy Rope were firm with sellers and business at 48s 6d,' buyers at 48s. Whitcombe and Tombs were firmer at 60s, closing quotations 59s 6d buyers, 61s sellers. Woolworths, Ltd. (cum dividend) advanced to dealings at 25s 3d, 25s 6d and 265, with further buyers at the highest figure, sellers at 26s 3d. Woolworths (New Zealand), Ltd., were easier with business at 16s lOd, market closing 17s buyers, 17s 9d sellers. Mount Morgan were firm with buyers at 9s lid, and sellers at 10s 3d. ‘listed, stocks Sales on ’Change £ at. d.

AUST. FOUNDATION TRUST Directors of Australian Foundation Investment Trust recommend v dividend of 4J per cent., payable on September 25. The annual meeting will be held on the same date. Books cloie .from September 11 to 25, inclusive

■ 93 New Zealand Breweries (odd parcel) 1 16 0 100 British Tobacco 2 11 0 200 Broken. Hill Proprietary 3 14 3 3 14 6 3 14 5 3 14 6 100 Donaghy Rope , , 2 8 6 200 Wool worths (Syd.) (ord., cum div.) t # 1 5 3 1 6 0 100 Woolworths (N.Z.) (cum div.) 0 16 10 Sales Reported 200 Bank of New Zealand (2) 1 19 9 1 55 Whitcombe and Tombs 3 D 0 100 Woolworths (Syd.) (ord., cum div.) 1 5 6 LATEST QUOTATIONS N.Z. Govt. Debentures Buyers. Sellers. £ s. d. £ 8. d. 3 p.c. ins., 1939-41 97 00 3} p.c. Ins., 1939-43 .. 99 15 0 31 p.c. Ins., 1953-57 .. 90 10 0 _ 31 p.c. Bonds, 1953-57 .. 90 10 0 33 p.c. Ins., 1938-41 .. .99 5 0 — 4 p.c. Ins., 1940-43 99 5 0 4 p.c. Ins., 1954-58 — 97 10 0 Rural Bonds, 5 p.c., 15/9/47 98 0 0 Other Debentures Tolaga Bay, . 4J p.c., 10/9/60 101 0 0 Ashburton E.P.B., 41 p.c., 1/2/62 101 0 0 C.F.C.A., 41 per cent.. 21/10/42 81 0 0 87 0 0 Dom. Fertiliser, 6 p.c.. 1/2/41 100 0 0 — Banks Australasia (£5 paid) .. . 8 17 6 9 3 0 Comm, of Aust. (10s) — 0 15 9 Comm, of Sydney (£12 10s paid) ... 18 15 0 — E.. S., and A. (£3 pd.) — 6 0 0 Natl: of N.Z. (£2 10s — paid) 2 6 0 —A, N.S.W. (ex div., £20) — 31 0 0 New Zealand (£1) 1 19 7 1 19 9 Insurance National (7s paid) ■ 0 16 10 New Zealand (£1) 2 11 6 — South British (10s) 2 1 9 — Loan and Agency Ch.Ch. Building (£10) 14 10 0 — Dalgety and Co. (£5 paid) ,6 2 6 — Goldsbrough, M. (£1) . 1 7 0 1 8 0 Mutual Benefit (£10) .. — 14 0 0 N.Z. Invest., Mortgage, and Deposit (10s pd.) — — 0 9 6 N.Z. Guar. Corpn. (3s) 0 4 0 — N.Z. Loan -and Mercantile (ord. stock. £100) .> •— 26 0 0 Perm. Invest. (£10) .. 8 0 0 9 15 0 United Building (£1) .. 1 0 4 1 0 8 Shipping Adelaide (cum div., £1) 1 13 0, ' — P. and O. Def. Stock (£1) 1 2 0 — Frozen Meat Cantby. (£7 10s pd.) .. 8 15 0 9 10 .0 N.Z. Refrig. (£1 paid) 0 15 2 0 16 0 N.Z. Ref rig. (10s paid) 0 7 6 Waitakl (£5) 4 7 6 4 17 Woollens Felt and Textiles (£1) 1 10 S — Kaiapoi (17s paid, cum div.) > 0 V 10 0 0 11 9 Kalapot (7s pd., cum div.) — Kaiapoi (pref., cum div., 17s) . .. 0 14 7 —* Yarra Falls (£1) — 2 2 Coal Grey Valley (£1) — 0 6 6 Westport (10s) 1 0 9 1 1 6 Westport-Stockton (10s) — 0 4 Gas Auckland (£1) — 0 15 3 Christchurch (£1) — X 4 XO Breweries' Dominion (£1) 1 12 0 1 13 3 New Zealand (£1) .. 1 16 0 — Swan (5s) .. .. 1 12 0 — Tooths (£1) .. 2 16 0 2 17 6 Ward ' (in llqdn.) 0 0 6 0 1 6 Miscellaneous Andersons .(pref., £1) 0 13 0 0 16 9 Aust. Con. Industries ex rights (£1) 1 IS 9 — Aust. Con. Industries (rights) .. 0 6 3 0 7 3 Beath and Co. (£1) — 0 16 0 Bartholomew Timber .. 0 13 0 0 18 6 Booth, Macdonald (pf.. (£1) — 0 2 6 British Tobacco (£1) .. 2 10 0 — Broken Bill Pty. (£1) 3 14 6 3 14 9 Burns, Phllp (South Sea) (£1) .. •• 1 6 0 — Colonial Sugar (£20) .. 47 15 0 48 17 6 Dom. Builders (10s) . . 0 D Dom. Fertiliser (£1) .. 1 4 0 1 5 6 Donaghy Rope (£1) .. 2 8 0 2 8 .a Dunlop Rubber (cum div., £1) ' 1 0 9 i 1 0 Electro. Zinc (cum div.. £1) 2 15 ‘6 2 16 9 Electro. Zinc (pf., cum div., £1) 2 17 9 — G. J. Coles (£1) 3 18 0 3 IB 0 Hay’s, Ltd. (£1) 0 19 0 — Hay’s, Ltd. (contr., 15s paid) .. ... 0 14 0 — General Indust. (12/S)' 0 19 0 — Millaquin Sugar (ex. div., £1) 2 0 0 — Morris, Hedstrom (£1) 1 a 0 — Moturoa Oil (5s) - — 0 5 0 Macduffs (ord., £1) 0 2 6 0 3 0 McKenzies, Ltd. (£1) .. 2 2 0 2 6 0 N.Z. Drug Co. .(cum div., £2) .. ., 3 8 9 3 9 6 N.Z, Farmers’ Co-op. (10s paid) .. - — 0 0 1 N.Z. Farmers’ Co-op. (A pref., £4) 1 0 0 1 12 6 N.Z. Farmers' Co-op. . (1st pref., £5) 2 8 0 —* N.Z. Farmers’ Co-op. (41 p.c Stock, 195p, £100) •.. ■ .. — 81 0 0 N.Z. Farmers' Co-op. (4J p.c. Stock. 1955, £100) .. .. 80 10 0 NJZ. Newspaners <16/8) 1 12 9 Quill. Morris .(1936). (ex div., ei) ' ... O 17 O o 19 •6 Simpson and Williams (£1) ■ 1 15 0 Standard Cement (£1) ii 6 •— Taranaki Oil. (24/7 pd.) os 6 0 8 0 Whitcombe and , (£2 10s paid) v; 2 19 6 "3 1 Woolworths (Sydney) (ord., cum div., 5s) 1 8 0 1 6 3 Woolworths (N.Z.) (5s) 0 17 0 0 17. 9 W. R. Carpenter (£1) 2 1 6 T” Overseas Listing Woolworths (S.A.) (5s) 0 14 6 — Australian Mining. Mount Lyell (£1), .. 1 8 9 1 9 3 Mount Morgan (2s 6d) 0 9 11 0 10 3 Nth. Broken Hill (cum dlv„ 5s) .. 2 9 1 2 9 9 New Zealand Mining Arahiira (£1) •• 18 0 no 0 Uustral-N.Z. (£11. . «. 1 a a A * 9

> Buyers. Sellers. £ s. d. £ s. d. Gillespie’s Beach (Is) — 0 0 10 Golden Sands (Is) .. 0 0 7 0 17 Grey River (10s) .. 0 16 2 2 Kanieri (£1) .. .. — 1 15 0 Maori Gully (Is) .. 0 0 7 — Moonlight Gold. (8d) 0 0 5 — New River (Is) .. 0 10. 0 1 1 Ngahere (£1) .. 13 0 1 3 6 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. Asso. Mot., Pet. (pref.) 14 0 — Aust. Motor. Petrol .. 0 12 3 0 13 6 Paparoa Coal .. — 0 7 0 Smith, Wylie .. 0 10 10 AUCKLAND Sales on ’Change- £ s. d. A.C.I. (rights) 0 7 0 Broken Hill Proprietary 3 15 6 bunlop-Perdriau ' 3 15 0 1 0 6 New Zealand Drug .. 3 9 3 Northern Roller .. •. 0 19 9 Reid Rubber 1 4 0 Woolworths" (N.Z.) .. .. 0 17 0 Woolworths (Sydney) .. 1 5 6 WELLINGTON Sales on ’Change £ S. d. Ins; Stock, 4 per cent., 1958 .. 97 0 0 Govt. Bonds. 4 per cent., 1949 99 7 6 Wellington Woollen (ord.) 5 5 0 Broken Hill Proprietary 3 14 6 3 15 6 Woolworths (N.Z.) .. • • 0 16 9 (All the above late Thursday.) . . Ins. Stock. 4 per cent., 1958 .. 97 2 G Ins. Stock, 4 per cent., 1943 .. 99 15 0 E.. S„ and A. Bank .. 4 17 6 New Zealand Insurance 2 12 0 New Zealand Breweries 1 16 Electro. Zinc (ord.) .. •• 2 14 2 15 9 0 Electro. Zinc (pref.)-.. 2 17 6 Broken Hill Proprietary. 3 i5 Woolworths, Ltd. .. •» 1 5 9 Mount Lyell .. 1 8 DUNEDIN Sales on ’Change £ s. d. Bank of New Zealand 1 19 6 Broken Hill Proprietary (2) 3 14 9 Woolworths (N.Z.)- (late Wed.) 0 16 7 Electro. Zinc (ord.) (late Wed.) 2 15 0 SYDNEY - Share markets in Sydney were firmer but cautious yesterday, with restricted dealings. Morning Sales £ s. d. Comm. Bank of Australia 0 14 0 •Tooheys .. n,. .. 1 8 3 Tooths .. •. • • 2 12 0 Associated News .. #. 0 17 6 Associated News (pref.) • .. 0 19 9 Broken Hill Proprietary 3 6 3 Burns, Phllp .. .. 2 10 0 Colonial Sugar .. .. 44 5 0 Afternoon Sales £ s. d.

Bank of New South Wales (ex -- dividend) •. • 27 8 0 Commercial Bank of Sydney . ‘ 18 0 0 Commercial <©ank of Austral! 0 14 0 Colonial Sugar 45 0 0 Associated Newspapers 0 17 6 Howard Smith •. • 0 19 9 Burns. Philp .. .. 2 10 0 Burns, Philo (South Seas) • 13 6 Australian Gas B .. • 7 10 British Tobacco •. 2 6 3 Tooths .. • • • 2 11 9 Tooheys 18 3 13 6 Australian Consolidated Indus tries v ■ 1 14 0 Australian Consolidated Indus tries (rights) 0 5 9 Dunlop Perdriau .. 0 18 10 David Jones .. .. • 112 0 Anthony Hordern .. . 0 13 2 General Industries .. 0 18 9 W. Adams„ .. •• 0 15 3 Felt and Textiles .. . 18 9 J. McGrath .. .. ' * 1 10 0 Goldsbrough, Mort .. • Wilcox. Mofflln 0 6 6 Electrolytic Zinc , 2 11 3 Mount Morgan - Mount Lyell .. .. • Broken Hill Proprietary J 6 3 North Broken Hill Broken Hill South .. • 1 5 3 Bulolo Gold 6 5 0 MELBOURNE Sales ft £ S. d. Commercial Bank of Australia 0 13 11 National Bank (£5 paid) 6 10 Metropolitan Gas 13 0 0 Australian Consolidated Indus - 1 14 0 Australian Consolidated Indus tries (rights) .. 0 5 10 Felt and Textiles 1 9 0 Felt and Textiles (2nd pref.) . 10 0 Imperial Chemicals (pref.) >. 116 Mount Lyell .. .. • ft £ 6 4 Mount Morgan .. . * 0 9 1 Broken Hill Proprietary ft 6 3 North Broken Hill .. ••ft” Broken Hill South .. - ? § 6 Loloma .. • . 1 d o Emperor .. . • • 0 9 0 SHORT LOANS AND BILLS INTEREST RATES RISE SHARPLY LONDON, August 30. London discount and short loan interest rates compare with those ruling a week- ago as follows; — Aug. 23. Aug. 30. P-c. p.c. Day-to-day loans .. i Zi Fine trade bills (Smooths) 3 to 3* 4Jtoo Bank bills (3 months) 1 35 Bank bills (6 months) 2 4J Treasury bills (2 months) I Sf Treasury bills . (3 months) 1 3S LONDON METALS MARKET COPPER AND SPELTER EASIER LONDON, August 30. The official quotations on the London metals market compare with those previously cabled as follows: — Aug. 29., Aug. 30. Per Ton. Per Ton.

Copper— £ s. d. £ s. d. Standard, spot 46 5 74 45 11 3 Forward 46 8 9 45 16 104 Electrolytic .. 52 10 0 52 0 0 to 54 10 0 54 0 0 Wire bars .. .54 10 0 54 0 0 Lead— Spot • 16 8 9 16 11 3 Forward ,. 16 4 44 16 8 14 Spelter— Spot .. Forward .. 15 3 IS 4 9 4* 15 1 3 15 0 7* Tin— 229 18’ 9 Spot 229 18 9 Forward 226 15 0 227 0 0 Silver— Standard,- per 19 l-16d oz. .. 194d Fine, per oz. 21 l-16d 20 9-16d