ON ’CHANGE TO-DAY: RISE OF 3D IN SYDNEY WOOLWORTHS

Evening Star, Issue 26155, 17 July 1947, Page 8

ON ’CHANGE TO-DAY: RISE OF 3D IN SYDNEY WOOLWORTHS

An improvement in Sydney Woolworth* was marked on the Dunedin Exchange this morning, with reported business at 24s 6d, followed by a transaction in the room at 24s 9d. Closing buyers offered at 24s lOd, with best buyers la away. There was a slightly better tone in Australian banks, but other sections of the market were generally steady on late rates. Selected quotations are as follows: —

SALES ON ’CHANGE: THIS DAY ’ Dunedin.—Sales reported: Gear Meat, 32s 6d (200); -N.Z. Refrigerating, (cont.), 19s 3d (400); Wright, Stephenson (pref.), 27s 6d (200); Woolworths Sydney, 24s 6d (200). On ’Change: Goldsbrough, Mort (rights), 10s (54);. Woolworths Sydney, 24s 9d (100). Auckland. —Morning call: Bank of New Zealand, 73s Id; Bank of New South Wales, £39 ss; South British, 945; Leyland O’Brien, 275; Felt and Textiles, N.Z., 625; Broken Hill Pty., s!os 6d; Farmers* Trading, 38s 6d; ‘Hume Pipe (Australia), 26s 6d;',Mack3tv,:Logan,*:L42s; svMilne and Choyce (deb.),.,445;, Reid Rubber,; 1945, 26s 9d; Silknit, 28s 6d ; Goldsbrough; Mort, 10s; Mount Lyell, 28s; Stock, 2£ per cent., June, 1947-49, £99 ss. Unlisted:,iWhafcatane (ord.)j 8s 6d; Taramakau, 5s 6d. Christchurch. —Goldsbrough, Mort, 325, (rights). 10s, 10s Id; G. J. Coles, 89s 9d; Reported: Reid Rubber, 1945 (new, fully paid), 26s- 9d. STERLING FUNDS LOWER. London funds held by the Reserve. Bank fell by £1*776,149 .during the week ended July 9 to' £90,712,002..< The note circulation was higher at £47,155,401, The proportion of reserve tonotes and other demand liabilities was 80.074 per cent. (80.136 per cent.). ' ■■'■■■ NEW ISSUE BY BALLINS. (P.A.) WELLINGTpN, July 15. The directors of .Ballins Breweriei (N.Z.) Ltd., with the consent of the Minister of- Finance, have decided- to 1 issue 23,155 unissued, shares in the authorised capital of the company to shareholders at a premium of 7s 6d. Rights to the new shares will be in the proportion of one for every 10 held. EXCHANGE RATES. Telegraphic transfer rates, New Zealand on the following centres, are quoted by the Bank of Australasia as follows:

• Buyers. Sellers. Banking— -£ s. d. £ s. d. N.S.W .. 39 10 0 Commercial ..< ... 1 2 9 1 3 0 E.S. and A ... ... 7 10 0 80 0 National N.Z. ... Insurance- — 3 16 0 ' National ... 1 8 6 1 : - 9 0 New Zealand 5 5 0 — ■ South British 4 14’ 0 4 14 9 Standard ... ... Shipping— 4 16 6 4 18 B Howard Smith 1 4 0 , 1 .-! — H’t. Parker (pref.) ■ — 6 1 14 0 P. and 0. ... ... 4 1 — U.S.S. -Co. (pref.) 1 13 4 v 1 14 0 Meat— Cant, (ord.) 15 10 0 16 12 6 Gear ... 1 12 6 1 13 6 N.Z. Refrig (pd.) .... N Z Refng. 1 19 0 2 .0 0 (cont.) 0 19 2 0.19 4 Waitaki ...... 8 5 0 8 12 6 AgencyGolds., Mort (rights) 0. 9 10 0 10 3 L. and M. (ord.) 126 00 ■ — Perpet. Trus. 2 6 0 2.8 0 ■W.S. (ord.) ... ... 1 17 6 .— W.S. (pref.) ... 1 7 4 1 7 9 Breweries— Ballins ... ... ... 1 15 6 1 16 6 ' New Zealand 2 17 0 . 2 17 9 Dominion 3 14 6 3 17 6 Dunedin ... ... 1 18 3 ' — Coal— Kaitangata ... ... 1 10 0 1 13 8 Westport ... ... Woollen— 1 18 9 119 6 Bruce (ord.) ... 2 7 6 2 12 6 Kaiapoi (ord.) 1 9 3 110 3 Mosgiel ... ... ... Miscellaneous— 15 0 0 A. Hordern ... ... 1 9 0 .! i li 0 A.C.I. ... ... ... 2 17 0 ■ ■ — British Tobacco ... 2 11 6 2 12 9 B.H.P. ... Brown, Ewing 2 9 0 211 6 ord.) ... 2 4 0 — Brown, Ewing (pref.) 1.4 6 .'~ C. Begg 1 17 0 Consol. Brick 0 16 0. 016 9 D.I.C. (ord.) 1 9 6 1 11 0 Dunlop N.Z. (ord.) 0 9 10 Dunlop N.Z. (pref.) 0 10 10 0 11 2 G. J. Coles •'4 8 0 ; Hume' Pipe 1 5 0 1 6 9 (ora.) ... 2 4 6 ’ 2 8 6 - Mil burn .'Lime ... 1 17 0 — N.Z. Drug ... .;. 5 12 0 — .; N.Z. Paper' Mills 2 50 2 6 6 : Wilsons' Cement 0 18 8 0 19 0 Woolworths N.Z’.; ! 1 12 0 1 12 9 Wool worths Syd./. Mining.— ' 1.4 9 1 .4 10 B.H. South ... ...' 1 14 6 1 16 3 El. Zinc.; (pref.)/. .i..-! 3 7' 0:; 310 0 -1 El. Zinc (ord.) .... 3 6 6 3 8 6 Mt-. Lyell ... ... 17 6 18 3 Mt. Morgan ... ... 0 ,8 10 0 9 4 '

Buying. Selling. • £ Lond., stg.£10U-£N.Z.. 124 7 6. .125 0 -0 Fiji, N.Z.£10t-£F 90 0, .0 88 12 6 Aust.. N.Z.£loO-£A- 10010 0 100 0 0 S. Af., S.A.£10(J-£N.Z. 123 7 6 125 3 9 New York. Dol-£N.Z. 3.2522 3.2070 Montreal, . Dol-fiN.Z. 3.2522 3.2070 -Belgium Fr.-£N.Z. 143.61 140.00 Denmark, Kr;-£N.Z, 15.77 15.26 France, Fr.-£N.Z. 390.37 381.36 Holland, Gl.-EN.Z. 8.66 8.48 Manila, Pesos-£N.Z. . 6.57 6.44 Norway, Kr.-£N.Z. 16.30 15.78 Sweden,, Fr.-£N.Z. 11.74 11150 Switzerland, Fr.-£N.Z. 14.01 13.74 London O/D rates— Sea ... ... 123 15 3 125, 0 H Air 124 0 6 —