STOCK EXCHANGE BUSINESS

Press, Volume LXXV, Issue 22850, 25 October 1939, Page 11

STOCK EXCHANGE BUSINESS

AUSTRALIAN ISSUES AGAIN ADVANCE MARKETS GENERALLY REMAIN FIRM The outstanding feature of interest in the business on the Christchurch Stock Exchange yesterday was the further advance in the price of . several Australian, securities. Markets generally continued firm, but the turnover was restricted to a few stocks. New Zealand Government 4 per cent, stock, due 1946, changed hands at £9B 12s 6d, and there were further buyers at that price. Buyers of the bonds, due 1955, raised their bids to £97, no sellers offering.

Bank of Australasia were firmer on buyers’ offers, £8 12s 6d. Buyers of Commercial Bank/of Australia moved up to' 15s 6d, but sellers were reticent. Bank of New South Wales claimed buyers at £2B 15s. Felt and Textiles were stronger, with buyers at 32s 9d. New Zealand Breweries had dealings at 35s lid and 365, and there were further buyers at the higher price, sellers at 375. British Tobacco, in their first local turnover for a month, scored a rise of 4s, with business at 51s, and there were further buyers at that figure, sellers at 525. Broken Hill Proprietary advanced 3s 6d to 80s and 795, market closing 79s buyers, 80s 3d sellers. D.unlop Rubber at 21s were 3s up on last local business. Electrolytic Zinc advanced to 625, and late offers at 61s 9d failed to attract sellers. A late sale of the preference on Friday was reported at 61s 6d. Business yesterday was at 635, and there were further buyers at that figure, sellers at 655. G. J. Coles were stronger, with buyers at 77s 6d. Buyers of Woolworths (N.Z.) moved up to 17s 4d, but sellers were reticent. New River were steady at ll£d, market closing id either way. There was a close market for Grey River, which were quoted at 16s lid buyers, 17s sellers. Ngahere rose sharply to 245, and more were wanted at that price, sellers at 255. Among the unlisted stocks Associated Gold Dredges had dealings at 6s 6d. sellers staying in at that figure, buyers at 6s 4d. LISTED STOCKS Sales on ’Change £ s. d

UNLISTED STOCKS

AUCKLAND

WELLINGTON ' / Sales on ’Change

SYDNEY There was active trading in leading industrial shares'at increasing rates on the Sydney Stock Exchange yesterday. Morning Sales

■ MELBOURNE

LOWER TIN PRODUCTION TINPLATE OUTPUT RISES World tin production in the first seven months of 1939 amounted to an average of 11,000 tons a mohth, compared . with 12,380 tons a month for the corresponding period last year. Production of the seven signatory countries to the international agreement decreased from an average of 9947 tons to an average of 8653 tons.

As a result of the increase in quotas, the monthly permissible exports under the control scheme for the third quarter increased by 9295 tons to 17,331 tons. World apparent consumption, which in 1938 amounted to 12,600 tons a month on an average, decreased to 12,440 tons.

World tinplate production amounted to 2,230,000 tons., against 1,744,000 tons in the corresponding period of 1938, an increase of 28 per cent. World automobile output amounted to 3,165.000 vehicles, against 2,293,000 vehicles in the corresponding month of 1938, being an increase of 38 ]ser cent.

266 New Zealand Brewer15 13 les ; 1 ’ (2) 50 Broken Hill Proprie1 16 0 tary (cum div.) - Sales Reported 4 0 0 £200 4 p.c. Inscr., 1943-46 500 New Zealand Brewer98 12 6 ies (2) 1 16 0 200 British Tobacco 2 11 0 100 Broken Hill Prop. ., 3 19 0 200 Dunlop Rubber ‘ 1 1 0 50 Electro. Zinc 3 2 0 100 Electro. Zinc (pref.) ■ 50 Electro. Zinc (late 3 3 0 Friday) 3 1 6 2000 New River / •• 0 0 Hi 100 Ngahere . - • • 1 / UNLISTED STOCK Sale on ’Change 500 Associated Gold 4 0 Dredges (7s paid) (5) 0 LATEST QUOTATIONS N.Z. Govt. Debentures 6 6 Buyers. Sellers* £ ‘s. d. £ s. cl. 3 P.C. Ins.. 1939-41 .. 9B 0 .0 — 31 P.c. Ins.. 1953-57 .. ’ 91 5 0 — 6 — 4 p.c. Ins., 1940-43 .. 98 13 6 10U U u 4 p.c. Ins.. 1948 .• 89- 7 6 — 4 p.c. Ins.. 1946-49 .. 97 10 0 — 4 P.c. Ins.. 1952-55 .. 96 10 0 4 p.c. Bonds, 1946 .. 98 12 6 — 4 p.c. Bonds, 1955 .. 97 0 Rural Bonds, .5 p.c., 0 15/9/47 - .. 96 10 Other Debentures 0

Tolaga Bay. 44 p.c.. 98 10/9/60 — 0 o Booth, Macdonald, 5 64 p.c., 1/6/47 Dom. Fertiliser. 6 p.c., 0 0 — 100 1/2/41 0 0 — Gisborne Sheep, 6J p.c.. 100 31/8/41 — 0 o

Banks - Australasia (£5 paid) 8 12 6 — Gomm. of Aust. (10s) 0 15 6 — Comm, of Aust. (pref., £10) •• 8 10 0 Comm, of Sydney (£12 10s paid) 18 10 0 — E.. S.. and A. (£3 pd.) 4 11 6 - —' Natl, of A’asia. (£10 paid, cum dlv.) — 16 10 0 Natl. of N.Z. (£2 10s paid) — 2 2 9 N.S.W. (£20) 28 15 0 —• N.Z. (cum dlv., £1) .. 1 19 0 1 19 3 N.Z. (mort shares, cum dlv., £1) 1 6 6 — Union of Aust. (£5 * paid) •. — 7 7 0 Insurance National (7s paid) 0 16 10 — Standard (£1 paid) .. 2 14 6 — Loan and Agency Ch.Ch. Bldg, (cuth div„ £10) 15 0 0 16 10 0 Dalgety and Co. (£5 paid) 6 5 0 — Goldsbrough, M. (£1) 1 11 ,0 1 11 11 N.Z. GUar. Corpn. (3s) — 0 3 10 Perm. Invest. (£10) .. 8 15 0 9 10 0 United Building (£1) 0 19 9 1 0 6 Wright Stephenson (£1) — 1 0 3 WHght, Stephenson (pf., £1) — 0 19 0 Shipping Adelaide (£1) 1 12 0 — N.Z. (pref., £10) 10 10 0 — Union (pref.,- £1) 1 4 6 — Frozen Meat N.Z. Ref rig. (£1 paid) 0 17 1 — N.Z. Refrig. (10s pd.) 0 8 3 . _ Nth. Cant. Freez. (pf., £1) — 0 17 6 Southland (£1) 1 8 0 — Woollens Felt and Textiles (£1) 1 12 9 — Kaiapol (17s paid) .. 0 11 0 0 12 0 Kaiapoi (7s paid) — 0 4 6 Kaiapoi (pref., 17s) .. 0 14 3_ — Manawatu (£1) — 1 2 0 Coal Grey Valley (£1) — 0 6 0 Westport (10s) 1 1 0 — Westport-Stockton (10s) 0 3 9 0 4 0 Gas Auckland (£1) 0 15 0 0 15 6 Chrlstchurcli (£1) .. — 1 5 6 Christchurch (10s pd.) — 0 12 6 Napier (£5 paid) — 4 18 6 Breweries Ballins (15s pd.) , 0 8 6 — New Zealand (£1) 1 16 0 1 17 0 Swan (5s) 1 11 > 0 — Tooths (£1) 2 14 0 2 17 0

Miscellaneous Aust. Con. Industries (cum div.) 2 0 0 2 2 0 Aust. Con. Industries (5s paid) 0 12 9 Berlei (N.Z.) (£1) .. 3 0 0 — Booth, Macdonald (pf.. £1) 0 1 7 0 2 4 British Tobacco (£1) 2 11 0 2 12 0 Broken Hill Pty. (cum div., £1) 3 19 0 4 0 3 Colonial Sugar (£20) 50 0 0 — Dom. Builders (10s) .. 0 3 0 — Dorn."Fertiliser (£1) .. 1 4 4 1 5 6 Donaghy Rope (£1) . . — 2 7 6 Dunlop Rubber (£1) 1 1 0 — Electro. Zinc (£1) 3 1 9 —• Electro. Zinc (pf., £1) 3 3 0 3 5 0 Evans Atlas Flour (10s) 1 0 3 — Farmers’ Trading (£1) — 0 17 0 G. J. Coles (£1) 3 17 6 4 4 0 G. J. Coles (£1 paid) — 4 2 ,0 Gen. Motors-Holden’s (pref., £1) • • 1 1 0 —■ I.C.T. (Aust. and N.Z.) (pref., £1) .. , .. Kauri Timber (25s) .-. 1 1 1 1 9 6 Mason, Struthers (£1) — 0 15 0 Mason, Struthers (14s paid) .. • • — 0 10 0 Mason, Struthers (10s

paid) Millaquin Sugar (£1) 2 3 6 0 6 0 Morris, Hedstrom (£1) 1 6 0 — Morts Dock (£1) 0 17 6 •*-— Moturoa Oil (Ss) —■ 0 \5 0 Macduffs (pref,, £1) 0 2 0 0 2 9 McKenzies, Ltd. (£1) 2 0 0 2 X 6 N.Z. Drug Co. (£2) .. 3 8 0 — N.Z. Fanners' Co-op. 12 (£2 10s paid) — 0 0 N.Z. Farmers’ Co-op. (10s paid) j. .. N.Z. Farmers' Co-op. — 0 0 1 (pref., £5) .. 2 8 0 N.Z. Farmers*. Co-op. (A pref., £4) 1 0 0 —

Buyers. Sellers. £ s. d. £ s. d. N.Z. Farmers’ Co-op. (4i p.c. Stock, 1949, 76 0 0 £100) N.Z. Farmers’ Co-op. (4J p.c. Stock, 1950, 76 0 0 85 £100) 0 0 N.Z. .Farmers’ Co-op. (4i p.c. Stock, 1955, 75 0 0 £100) N.Z. Farm. Fertiliser 0 16 0 (£1) — N.Z. Newspapers (16/8) — 1 12 0 Quill, Morris (1936) (£1) 0 19 0 Standard Cement (£1) 10 0 — Taranaki Oil. (24/7 pd.) 0 4 6 0 5 0 Waldas Shoes (£1) .. 0 10 — Whitcombe and Tombs 2 17 0 19 (ex div., £2 10s pd.) 2 0 Wilcox, MofHin (11s) .. — 0 7 2 Woolworths (Sydney) 15 0 (ord., 5s) — Woolworths (N.Z.) (5s) 0 17 4 — W. R. Carpenter (£1) 2 4 0 — Overseas Listing Woolworths (S.A.) (5s) 0 14 3 0 14 9 Australian Mining Broken Hill Sth. (5s) 1 11 0 Mount Lyell (£1) 1 12 9 1 14 0 Mount Morgan (2/6) 0 10 0 0 10 7 Mt. Morgan (pf., £1) Placer Devel. (1 dol.) 113 4 10 Rawang Tin (10s) .. 0 9 10 0 10 1 N.Z. Mining Arahura (£1) 18 9 1 10 6 Argo (ex dlv.. Is) .. Austral (N.Z.) (£1) — 0 i 5i 14 3 Big River (Is) 0 0 6 0 0 Oh Gillespie’s Beach (Is) — 0 1 0 Golden Sands (Is) 0 0 8 0 1 3 Grey River (10s) ■.. 0 16 11 0 17 0 Maori Gully (Is) 0 0 7J 0 0 10 Mossy Creek (Is) 0 0 10 0 1 3 New River (Is) 0 0 11 0 1 0 Ngahere (£1) 14 0 1 5 0 Worksop Extend. (Is) — 0 0 8

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 4 0 6 6 Assoc. Mot. Petrol (pf.) 13 6 — Aust. Mot. Petrol 0 11 6 — Christchurch Press .. 7 10 0 — Dange’s Mobile Gas .. — 0 19 0 Paparoa Coal — 0 6 9 Smith, Wylie — 0 12 0 Thyrodone — 0 12 C

Sales on ’Change £ s. d. 4 p.c. Ins. Stock, 1943-46 98 10 0 City of Auck.. 1944-46, p.c. 100 17 6 Natl. Bank N.Z. 2 2 6 N.Z. Insurance 2 14 9 South British 2 4 0 Dominion Breweries .. .. 1 13 3 Dominion Breweries (pref.) .. 1 15 0 Broken Hill Pty. 3 18 3 3 18 6 , 3 19 0 Electro. Zinc (pref.) .. 3 1 9 (late sale) 3 2 6 Gr. 3 . Coles 3 17 3 Morts Dock 0 18 0 Wilson’s Cement (late sale) .. 0 17 G Woolworths (Sydney) (2) 1 5 7 Emperor 0 11 6 0 11 9 Mount Morgan 0 10 4 Walhi Investments 0 6 3 0 6 2

£ s. d. Bycrofts, Limited (2) 1 16 0 Woolworths, Ltd. 1 5 0 (All the above late 4 p.c. Ins. Stock, 1958 Friday) .. 97 15 0 N.Z. Guarantee Corporation 0 3 10 British Tobacco . , 2 11 0 Dunlop Rubber 1 1 0 Electrolytic Zinc (pref.) 3 2 G Woolworths (N.Z.) 0 17 2 G. J; Coles . . 3 18 0 Woolworths, Ltd. (2) 1 5 6 4 p.c. Ins. Stock, 1948 100 12 6 Rotoiti Timber 0 3 6 Mount Lyell 1 13 0 DUNEDIN Sales on ’Change £ s. d. Union Bank (late Friday) , , 7 5 0 Broken Hill Proprietary - 3 18 6 G. J. Coles 3 18 0 Electrolytic Zinc (ord.) •• 3 1 0

e s. d. Associated Newspapers (pref.) • 0 19 11 Aust. Consolidated Industries 1 15 101 A.C.I. (con.) .. 0 12 4 British Tobacco (N.Z. deliv.) . 2 7 6 Broken Hill Pty. 3 9 9 Cash Orders Afternoon Sales 0 15 71 £ s. d. Colonial Sugar 48 0 0 Bank of New South Wales 27 i 0 Comrri Banking of Sydney 18 2 0 Union Bank .. • 6 7 0 Tooths 2 9 6 British Tobacco 2 7 9 British Tobacco (N.Z. delivery 2 7 G Woolworths 1 2 41 Morts Dock 0 16 ■V* Australian Consolid. Industries 1 15 9 Stedman 0 11 9 Dunlop Perdrlau 0 18 9 W. Adams .. 0 12 4 Morris, Hedstrom .. 1 4 G Broken Hill Pty. .. 3 91 3 North Broken Hill 2 7 0 Mount Lyell .. 1 10 11 Kanierl Gold .. . 1 8 0 Loloma .. X 4 6

Sales £ s. d. Goldsbrough, Mort 1 8 6 Australian Consolld. Industries Australian Consolid. Industries 1 15 10 (con.) 0 12 4 G. J. Coles 3 9 0 Drug Houses ... 1 5 6 Mount Lyell .. 1 10 0 Electrolytic Zinc 2 16 3 Electrolytic Zinc (pref.) 2 18 0 LONDON Buyers Sellers. £ s. d. £ s. d. Cultha River .. 0 0 7) 0 0 101 Molyneux River .. 0 0 1 0 0 3