STOCK & SHARE MARKET

Evening Post, Volume CXXVIII, Issue 49, 26 August 1939, Page 12

STOCK & SHARE MARKET

SATURDAY, AUGUST 26, 1939.

FOREIGN EXCHANGE RATES

Closing direct rates as quoted by the Bank of New South Wales, Wellington, today, for buying and selling foreign currencies, based on New Zealand currency, were as follows:—

The £1 is £1 in New Zealand currency. The rates are subject to alteration without notice. Based on the rates quoted above the New Zealand pound, compared with its original par value, is equivalent to approximately 16s in London, £1 in Australia. 14s 7§d in U.S.A.. 14s 9Jd in Canada, £1 2s 4d in France. 14s 6d in Italy, 8s llfd in Germany. 10s lOd in Java, £1 7s lO.d in Japan.

'5 Buyers, Sellers. £ s. d. £ e. d. N.Z. Government Loans— 3 p.c. Inscr. Stock, 15/7/1939-41 07 5 0 — 3">_ p.c. Inscr. Stock, 15/9/1939-43 — 99 17 6 3V_ p.c. Inscr. Stock, 15/3/1941-43 99 10 0 — '6V2 p.c. Inscr. Stock, 15/9/1941-43 99 10 0 — 3% p.c. Inscr. Stock, 15/11/1938-41 98 15 0 — 4 p.c. Inscr. Stock, 15/3/1940-43 — 99 17 6 4 p.c. Inscr. Stock, 30/11/1948 — 99 17 G 4 p.c. Inscr. Stock, 15/5/1949-52 97 0 0 97 7 G 4 p.c. Inscr. Stock, 15/6/1952-55 96 17 6 97 10 0 3% p.c. Bonds, 15/11/ 1938-41 9S 15 0 — 4 p.c. Bonds. 30/11/ 1948 — 99 17 G 5 p.e. Rural Bonds, 15/9/1947 98 0 0 — Local Bodies Debentures— Wanganui Harb. Bd., iV* p.c, 1/4/1965- . — 99 5 0 Auckland City, 4% p.c. 1/1/44-52 .... 97 17 6 — Masterton County, 4% p.c, 1/11/1960 — 99 0 0 Banks— Eng., Scot., and Aust. 4 15 6 — New Zealand ........ 1 19 0 1 19 9 NeAV Zealand, D Long Term 1 6 8 — Financial— suitable Bldg. Co. .. 0 11 0 — General Finance — 0 17 G National Mortgage "B" — J 3 0 Newton King (pref.) — 0 8 0 Wright, Stephenson * 0 19 6 10 6 Gas— Christchurch (contr.) — 0 12 6 Feilding 02 2 — Wellington (ord.) .. — 18 4 Wellington (pref.) .. — 111 Insurance— £ New Zealand . — 2 12 0 Meat Preserving— fi& N.Z. Refrig. (10s) ....:,— 0 8 2 [ Woollen— ™" [ Bond's Hosiery Mills — 1 0 6 [ Kaiapoi (eontrib.) .. — 0 5 0 Kaiapoi (pref.) * 0 14 2 — Mosgiel 9 0 0 — Prestige, N.Z. (pref.) — 1 2 11 Timaru — 0 12 ° Wellington (ord.) ... 4 18 0 — Wellington (pref.) . 4 18 6 — Timber— 1 Leyland-O'Brien ... — 0 16 6 Rotoiti -.. 0 3 0 — Taringamutu 0 13 6 — Taupo Totara (16s pd.) 0 12 3 — Breweries— ,, N.Z. Breweries I — 1 16 9 Miscellaneous— Aust. Consol. Industries (rights) 0 4 10 — Broken Hill Pty. (bonus issue) ... .* 3 15 0 4 0 0 Consol. Brick & Pipe — 0 8 7 Dominion Fertiliser .14 0 — D.I.C. (pref.) 114 — Electro. Zinc (8 p.c. part, pref.) * 2 14 6 — HoAvard Smith (ord.) 10 6 — I.C.I. Aust. & N.Z. (pref.) — 150 MacDuffs (ord.) .... 0 2 1 — MacDuffs (pref.) ... 0 7 0 — Moturoa Oil — 0 4 G National Electric ... 0 13 9 0 14 6 Taranaki Oil Fields . — 0 6 1 Woolworths, Ltd. (ord.) 141 14S Woolworths (N.Z.) (ord.) 0 16 6 0 17 4 Gordon and Gotch . — 3 0 0 AustralianMount Morgan — 0 9 10 Wellington Alluvial . — 0 4 1 UNOFFICIAL LIST. Buyers. Sellers. £ s. d. £ s. d. Assoc. Motorists Petrol (pref.) :.... 12 6 — Metters (N.Z.), Ltd. 0 13 10 — Paris Crown Seal .. — 0 11 6 Wgtn. Publishing .. — 4 4 6 Whakatane Paper Mills (ord.) 04 3 — BUSINESS TRANSACTED. Sale today:— k°- ot « _ Shares. * s- d500 N.Z. Guarantee Corp. . 0 4 2 Sales made after going to press yesterday :- No. of Shares. £ s. d. 100 Electro. Zinc (ord.) . 2 13 0 200 National Electric 0 14 0 200 Wilson's Cement 0 17 0 100 Woolworths, Ltd. (ord.) 14 2 *Cum div.

Buying. £ s. d. Selling. £ s. d. London—£NZ to £stg. 100 T.T. 124 7 6 O.D. 123 18 9 Australia—£ A to £NZ 100 T.T. 100 10 0 O.D. 100 10 0 Fiji—£F to £NZ 100. T.T. 90 0 0 O.D. 90 0 0 Union of South Africa— £XZ to £SA 100 T.T. 123 4 3 O.D. 122 17 0 New fork—Dols to £NZ 1 T.T. 3.6210 O.D. 3.6260 Montreal—Dols. to SNZ 1 T.T. 3.6575 O.D. 3.6662 Belgium—Belgas to £ NZ 1 T.T. 21.293 O.D. 21.36S Finland —Marks to SNZ 1 T.T. 1S6.32 O.D. 1S6.72 France —Francs to SNZ 1 T.T. 142.37 O.D. 143.62 German}* —Reichsmarks to SNZ 1 T.T. — O.D. — Greece —Drachmae to S NZ 1 T.T. — O.D. — Holland—Florins to SNZ 1 T.T. 6.804 O.D. 6.844 Italy—Lire to SNZ 1. T.T. — O.D. — Jara—Florins to SNZ 1. T.T. 6.777 O.D. 6.817 Noumea—Francs to £NZ 1 ...'. T.T. 146.12 O.D. 146.62 Papeete—Francs to SNZ 1. T.T. 145.22 O.D. 146.72 Switzerland —Francs to £ NZ 1 T.T. 16.105 O.D. 16.205 Hong Kong—NZ pence to 1 dollar T.T. 17 61-64 O.D. 17 59-64 India and Ceylon—NZ pence to 1 rupee T.T. 22 5-32 O.D. 22 1-8 Japan~NZ pence to 1 yen T.T. — O.D. — Manila—NZ pence to 1 peso T.T. 3121-64 O.D. 31 15-16 Singapore—NZ pence to 1 dollar T.T. 34 23-32 O.D. 34 5-8 125 0 0 124 19 6 100 0 0 100 0 0 88 12 6 88 12 6 124 17 0 124 17 0 3.5638 3.5648 3.5976 3.5986 20.828 20.S33 177.62 177.72 138.63 138.65 9.16S 9.170 424.05 424.20 6.579 6.581 67.10 67.12 6.552 6.554 136.00 136.04 136.23 136.27 15.700 15.703 18 33-64 18 33-64 22 9-16 22 9-16 17 41-64 17 41-64 32 3-8 32 3-8 35 7-16 35 7-16