STOCK EXCHANGE BUSINESS

Press, Volume LXXVI, Issue 23085, 30 July 1940, Page 9

STOCK EXCHANGE BUSINESS

SOME FIRMER BUYING OFFERS OXLY ONE SALE IS RECORDED Some firmer buying offers were niade on the Christchurch Stock Exchange yesterday without, however, drawing any response from sellers, the demand was good in most sec- ' lions of the market, but where sellers quoted their prices usually showed a fair margin over buyers’. Recorded business was confined to a sale of Auckland Harbour Board 41 per cent., debentures due 1942 at par. at which' ' price more were sought with no sellers 'offering. ' Among the shares for which better : buying offers were made were Bank ©I New Zealand, Macduffs. New Zealand Drug, and New Zealand News- : papers. Bank of New Zealand buyers moved up to 40s 4d. with sellers at 40s 9d. , ■Sale Reported—£soo Auckland Harbour Board 43 per cent, debentures,' due 9/7/42, £IOO. * ; LATEST QUOTATIONS N.Z. C«t Debentures—3 p.c. Ins., 1991, b. £9B 10k; 5J ,p.c. Ins., 1853-57. b. £9B 10s. s. 1 £99 ss; 4 pjc. Ins., 1940-93, to. £lOl ss; 4' p.c. Ins., 1993-96, b. £lO3 2s 6d; 9 p.c. Ins., 1952-55, b. £103; 4 p.c. Bonds, 1946, to. £lo3' 2s fid; Rural Bonds, 5 p/c., 15/9/47, to. £lO3. , I*tJver Debentures—Auckland Harbour Board, 41 p.c., 9/7/42, b. £100; Auckland; Gas. 5 .p.c. Perpetual, b. £100; Majestic Theatre (in’glll), 5 p.c.. 20/3/52, s. £IOO. Banks—N.Z., to. 90s 4d, s. 40s 9d. Insurance—Nat]., to. 17s 7d; S. British,, b. 46s 3d. s. 48s; Standard, to. 56s fid,, s. 57s fid. Lean and Agency—N.Z. Guar. Corpn., to. 2s 9d, s. 3s 3d; N/Z. Loan and Merc, (ord. stock), s. £4O; United Building, to. £l, s. £1 Is; Wright, Stephenson, b. 19s fid, s. £1 Os 3d. Frozen Meal—'Canty., to. £9 15s; N.Z. Rcfrdg, (10s pd.), b. 6s 3d. s. 9s; North Canty Freezing (pref.), to. 17s fid; Southland, b. £1 11s. Woollens—Bonds Hosiery, b. £1 4s; Kaiapoi (17s pd.). b. 14s; Kaiapoi (pref.), s. 18s; Mosgiel, to. £10; Ttmaru, b. 9s fid. Coal—Westport, to. £1 2s 3d, s. El 3s fid; Westport-Stockton, to. 2s, s. 2s fid; West-port-Stockton (pref.l, b. 4s. Gas —Auckland (10s pd.) (fully pd.), s. ■Bs fid; Christchurch, b. £1 3s; Christchurch '(10s pd.), b. 10s fid. Breweries—Bailing (15s pd.), to. 30s 9d, s. 12s fid; Dominion, b. £1 fis fid: N.Z., s. £1 14s; Ward (in iiqdn.), s. Is fid. Miscellaneous—Alloy Steel (N.Z.), s. £1 IBs lid; Andersons (Ist pref.), s. Ifis lid; Booth, Mac. (pref.), to. 2s 3d, s. 3s 3d; C.F.C.A., to. 8s; Dam. Rubber, s. £1 ss; Hay’s, Ltd., to. £1 Is; Hay’s, Ltd. (contr.), to. 16s 3d, s. 17s; Milburn Lime, to. £1 17s;, Macduffs, to. fis; Macduffs (pref.), b. 12s; McKenzies, s. £2 Os fid; Natl. Electric, to. 17s; N.Z. Drug Co., b, £3 17s: N.Z. Farmers' (4J p.c. Stock, 1855), s. £BS; N.Z, Newspapers, b. £1 8s 3d, s. £1 11s: N.Z. Paper Mills, b. £1 6s; Quill, Morris (1936), b. 18s, s. £1; Urlwins (pref.), b. £1 2s; Tdngey (pref.), b. 18s, s. £1 0s fid: Woolworths (N.Z.), b. 14s; Woolworths (N.Z.) (pref.), b. £1 14s. N.Z. Mining—Addison’s Flat, b, Is; Austral '(N.Z.). b. £1 3s, s. £1 10s; Big River, to. fid; Grev River, b. 14s; Maori Gold, s . 6d; Mossy Creek (cum div.) s. Is 3d; Nemona, s. sd; New River, b. 33d, s. 53d: Worksop Ex., to. 4d, s. 43d. Unlisted Stocks—Christchurch Press, to., £6 10s; Brunner Collieries, s. 15s; Lange’s Mobile Gas, s. Ms; Canty. Roller Flour, to. fis 3d; Mt. Cook Tours, s. ss; -St. Elmo Courts, 6 p/c. pref.. s. 18s fid; Whakatane Paper Mills, s. 3s; Whites Electric, s. Id. AUCKLAND Sales—Auck. Gas Perp. Stock (late sale), £100; Bank of N.Z., 40s 3d; Natl. Insurance, 18s; N.Z. Insurance (2), 58s 6d; Sth. British Insurance, 47s 6d; Westport Coal, 22s 3d; N.Z. Breweries, 33s 6d; N.Z. Newspapers (late sale)./ 28s fid; N.Z. Refrig, (con) (late sale)', 8s 6d; Reid Rubber (rights), 4s; Wilson’s Cement, 18s. WELLINGTON Sales —Farmers’ Fertiliser, 21s 6d (late Fridav); Dargaville Borough, 4j p.c. debs., 1/12/56, £lO3 10s; N.Z. Guarantee Corpn., 3s;. South British Insurance, 47s 3d; N.Z. Breweries, 33s 3d. DUNEDIN Sales Reifwroted —N.Z. Govt. 4 p.c. Stock, 1946-49, £lO3 17s fid; N.Z. Breweries, S3s fid, 33s 4d. SYDNEY Trading on the Sydney Stock Exchange: yesterday was moderate. Morning Sales—Commonwealth Bonds: 4 p.c., 1941, £IOO 15s; 4 p.c., 1961, £IOB 7s. fid; Tooths, 48s fid; Associated News. 14s fid; Aust. Consolidated Industries, (•con.), 15s; Broken Hill Pty., 42s 9d; Mark: FOy, 14s fid. Afternoon Sales—Kandos Cement, 28s; Tooths, 48s fid: Howard Smith, 19s fid;. Moris Dock, 16s fid; Aust. Coascftidated Industries, 34s 43d; Oil Search, 3s 2d; Mt. Lyell, 275; Broken Hill South, 23s 3d; Winchcomhe Carson, 235; David Jones, 28s fid: Colonial Sugar. £47 ss; Comm. Bank of Australia, 13s. : MELBOURNE Sales—Loloma, 23s 3d; Broken Hill Pty.,. 42s fid: Natl. Bank (£5 pd.). £5 ss; Carl-’ ton Brewery, 595. FOREIGN EXCHANGES | Telegraphic rates of exchange on over-; seas centres yesterday are supplied toy; the Bank of New South Wales as follows (the first quotation being the buying -one,: and the second the selling);— On: New York, dol. to £N.Z,, 3,2542,: 3.2030; Montreal, dol. to £N.Z., 3;6039,.' 3.5290; Greece, drachmae to £N.Z., —»i 412.70; Java, florins to £N.Z., 6187, fi;004;, Hong, Kong, N.Z. '-peirce to dol., ISJ, 19; 1-32; India and Ceylon, N.Z. fence to rupee, 22 19-fi4, 22 45-64; Manila, N.Z.pence to peso, 36 37-64, 37 29-64; Shanghai, N.Z. pence to do]., —, 5 41-64; Singa-| pore, N.Z. pence to dol., 34 53 J 64, -35; 37-64. | CLOVERLEA DAIRY I TFrom Our Own. Reporterj TEMUKA, July 29. j A production increase of between Iff and 15 per cent, on last year’s figures is recorded in the annual report of th-e ; Cloverlea Co-operative Dairy <Oom-i pany. The directors report that they' are anxious to aid the Government- in its appeal for an additional 15, ; O0O tows of cheese to help the war effort, and for this purpose every facility will toe : used to attain maximum production.’ The estimated season average payout per lb for butter-fat '(all grades) Which was quoted in the report for the previous year, 17.75 d, was maintained. In respect Of the current year, the valuation basis adopted for -cheese on hand at balance date ./as: local, 9d per lb; export 8.5 d; and the estimated average payout per lb for butter-fat (all grades) from the disposal of the unsold, cheese at the value adopted should be Is €d. Following are the statistics with last year’s figures in pa* enthesis: — Payout current year per lb of butterfat (advance), 15d (14d); estimated surplus, 3d (31d); number of suppliers, 26 (25); lbs of milk received, 3,803.072 (3.424.553) lbs of butter-fat from milk,' 114,612.3 (132,130.4); average test of milk, 3.-8025 '(S.SSB3); total -charges, 4.410 d (4.344 d). Cheesemaking—Lbs of milk, 3,803.072 (3.424.553) lbs of butter-fat from milk, 144:612.3 (132,130.4).; average butter-fat test for milk, 3.8025 (3.8583); lbs of cheese, 370,032 (329,881); lbs of milk to make 11b of cheese, 10.2776 (10.3-811); average grade of cheese, 02.659 (92.1619); milk grading percentages, first 99.1973 (99.2807); second, .0827 (.7193). SALE OF DAIRY COWS AT RANGIORA A special -sale of high-class tested dairy cows was conducted in Rangiora yesterday by H. iMstson and clSy,- on account of Mr T. Rowlands, ’“Ruthin,” Kaiapoi. There was a large attendance of farmers, and rsomfe good,prices were obtained. Values -for heifers ranged from Signs to 18gns, while cows brought from £7 10s to ,£l6 10s,