WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume LV, Issue 88, 12 March 1935, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. A fair volume of business was recorded on the Wellington Stock Exchange yes terday, including* a number of sales made late on Saturday. No marked change was seen in the market, pricos showing little change on the closing rates of last week. Government loans were quietly steady,

sellers showing no disposition to make concessions. Rural Bonds, 5 per cent., 1947, sold at £lO5 7s 6d. Little interest was shown in company debentures, and local body issues were not quoted. No improvement was shown in bank shares. Commercial of Sydney were done late on Saturday at £l6 5s and £l6 5s 6d, as ' against a sale at £l6 6s. New South

Wales had further business at £3O. New : Zealand sold at- 49s 3d, and Reserve Bank : at £6 10s 3d. Australasia were easier ai £ll 3s 6d, sellers £ll Bs. New Zealand [ D mortgage shares were firmer at 32s lOd, - no sellers. Little interest was shown in ( financial and pastoral, insurance, gas, ! meat freezing and transport issues. Wei- ' lington Gas, preference, at 26s 3d, found no response. Gear Meat were slightly firmer at 21s 6d, sellers 225. Southland -1

were wanted at 765, but sellers held for 795. , Westport Coal sold unchanged at 21s 3d. ) Leyland-O’Brien Timber sold late on Saturday at 21s 6d, and buyers stayed in yesterday at 21s. Breweries developed

some activity. Following sales late on Saturday at 50s lOd and 50s lid, New Zealand moved up to business yesterday at .51s 3d, buyers wanting more at 51s. Staples were firm on a stile at 31s 9d. Tooths were wanted at 48s 3d and Tooheys at 28s 6d. A languid interest was shown in miscellane-

onial Sugar were marked down 2s 6d to £4l 7s 6d, but sellers wanted £4l 15s. Woolworths (N.Z.), preference, were firm at 40s, with no response. Mdburn Lime were wanted at 42s 3d. In the mining section somo activity was shown in Big River, sales being made late on Saturday at 2s 2d and 2s 3d, and yesterday at 2s 2jd. Mount Morgan were also sold on Saturday at 38s 3d. YESTERDAY’S QUOTATIONS. The latest buying and selling quotations recorded yesterday on the Wellington Stock Exchange were as follow: —

ous industrial and trading issues. Australian Glass were looked for at 58s, sellers asking 59s 9d. British Tobacco wove a point down at 37s Bd, sellers at 38s. Col-

YESTERDAY’S SALES. Sales recorded on Dominion Stock Exchanges yesterday are shown in the following list. Wellington.—Rural Bonds, 5 p.c., 1947, £lO5 7s 6d; Com. Bank of Sydney (2), *£l6 ss, *£l6 5s 6d; Bank of N.S. Wales, £3O; Bank of N.Z., £2 9s 3d; Reserve Bank, £6 10s 3d; Westport Coal, *£l Is 3d; Leyland-O’Brien, *£l Is 6d; N.Z. Breweries, *£2 10s lOd, *£2 10s lid, £2 11s 3d; Staples and Co., £1 11s 9d; N.Z. Newspapers, £1 12s 9d; Big- River (2), *2s 2d, *2s 3d, 2s 2^d; Mount Morgan, *£l 18s 3d. *Late sale Saturday.

Auckland. —Inscx. stock, 3j p.c., 1938-52, £lO/; Bank of N.S.W., £3O; Bank of N.Z., £2 9s 3d, (2) £2 9s 4d; Union Bank, $8 13s; South British Insurance, £4 13s 6d; Rotoiti Timber, 4s 6d, prof. 12s 6d; NtZ. Breweries, £2 11s 3d, £2 11s 6d, £2 11s 7d; Colonial Sugar, £4l 12s 6d; Electro. Zinc, prof., £1 15s; Farmers’ Trading (5), 7s 2d; N.Z. Refrig., 10s paid, 9s; Whittome, Stevenson, 14s; Wilson’s Cement, £1 14s; Waihi, £2 Is; Brian Born, 23-4 d; Mnhakipawa, lOd; Skippers, sid. Christchurch. —Bank of N.Z., £2 9s Id; N.Z. Refrig., 10s paid, 8s lid; N.Z. Breweries, £2 11s 6d; Timaru Brewery, 7s 6d paid (2), 8s sd; British Tobacco, £l 17s lOd; Auckland Gas, 15s paid, £1 Os 6d; Bell Kilgour, Id; Blackwater, £1 12s 3d; Brian Boru, 23-4 d, 2Ad; Golden Sands (2), 2s 2d, 2s 2jd; Goldfields Dredge, 6d; Kildare (4), 3s 6d; Mahakipawa (2), lOd, 10jd, (2) lid; Okavito (2), 7s 6d; Skippers, sid, sgd ; Lawsons Flat, 3d. Dunedin.—lnscr. stock, 4 p.c., 1940 (2), £lO2, 4 p.c., 1940, £lO2 10s; Bank of N.Z., *£2 9s 3d; Union Bank (2), £8 13s; N.Z. Refrig., £1 paid, 19s 3d; Electro. Zinc., ord., £1 Is lOd; Broken Hill Pty., £2 11s; Mount Lyell, 17s 9cl; Mount Morgan, £1 18s 6d; Blackwater, £1 12s 3d; Kildare, 3s Id. *l.ate sale Saturday.

SYDNEY STOCK EXCHANGE. BUSINESS RESTRICTED. SYDNEY, March 11. On the Sydney Stock Exchange to-day business in tho investment market was restricted, and buyers wore inclined to hold off. Values, therefore, were acsicr.

Sales.—Bank of New South Wales, £3O ss; Co’mmercial Bank of Sydney, £l6 10s; Australian Provincial Assurance. 10s sd; Colonial Sugar, £4l 15s; Associated News, 22s 7id, prof. 23s 6d; Australian Gas, A, £7 17s 6d; Bcrlei, 35s 9d; British Tobacco, 38s; Tooths, 48s 9d; Ncwastle Gas, C. 13s 6d; Dunlop Perdriau, 18s 3d; Goldsbrough Mort, 28s; Winchcombo Carson, 25s 9d; Henry Jones, 35s 6d; Millaquin Sugar, 355; Farmers, 24s 10jd; David Jones, 395; General Industries. 14s lid; Australian Iron and Steel, pref., 22s lOjd.; Broken Hill Proprietary, 77s 6d; Zinc Corporation, 30s 9d; Rawang Tin, 7s 6d; Placer Development, £2B 11s. MELBOURNE, March 11.

Sales on the Melbourne Stock Exchange to-day included; —Bank of New South Wales, £3O; Herald and Weekly ’Times, 595; Goldsbrough Mort, 28s 3d; G. J. Coles, 60s 3d,

FOREIGN EXCHANGE. ON NEW ZEALAND CURRENCY BASIS. DIRECT DOLLAR RATES. ’file Bank of New South Wales, Wellington, quoted the following rates for their purchases and’ sales of foreign exchange yesterday: New Zealand Buying. Selling, on London—

T.T. represents telegraphic transfers. O.D. represents on demand transactions. The above rates are subject to alteration without notice. DOLLAR STERLING RATES. The Associated Banks (other than the Bank of New South Wales) quoted the following dollar-stcrling rates yesterday. They are subject to alteration without notice : U.S.A. Canada dols. dols. Conversion of dollat- bills received for collection and sale of dollar drafts and telegraphic transfers 4.75 4.79 Purchase of dollar bills ... 4.79 4.83 On a New Zealand currency basis these rates are equivalent to: Selling— U.S.A. Canada.

00-nrig — u.0.-'i. uananu. dols. dols. T.T 3.81 i 3.84§ On demand 3.81 J 3.85 g BuyingOn demand 3.88 3.91 i

NEW ZEALAND POUND ABROAD. Based on the rates quoted yesterday by the Bank of New South Wales £1 New Zealand was worth approximately: 16s Id in London. £1 Os Id in Australia. 15s 8d in U.S.A. 15s lOd in Canada. 9s 13d in France. 9s Bj,d in Italy. 9s in Germany. 9s OJd in Java. £1 7s lid in Japan. BASE METALS MARKET. COPPER STEADY; TIN FIRMER. LONDON, March 8. The official London (middle) quotations for Friday, as reported by the Australian Mines and Metals Association, compare as under with those previously cabled :

Buyers. Sellers. N.Z. GOVT. LOANS— H, s. d. il s. d. 4 p.c. Bonds, 1937-40 ..102 5 0 — 4 p.c. ditto, 1946-49 ...108 10 0 — 5 p.c. Kural Bonds. 1947 105 7 6 105 10 0 3j p.c. Ins. Stock, 1938-40-43 — 106 15 0 4 p.c. ditto, 1937-40 ...102 5 0 102 15 0 4 p.c. ditto, 1943-46 ... 106 0 0 4 p.c. ditto, 1946-49 ...108 10 0 — 4 p.c. ditto, 1952-55 ... — 111 0 0 DEBENTURES—

Wright, Stephenson, 5 P-c 97 10 0 N.Z. Fanners’ Co-op., D.S., 1940 85 0 0 Gisborne Shcepfarmers 101 10 0 BANKS— . Australasia *11 3 6 11 8 0 Comrcl. of Aust., ord. — 0 16 6 Ditto, pref — 10 0 0 Comrcl. Banking Co.. Sydney 16 3 0 16 10 0 Eng., Scot, and Aust. — 5 0 6 National of N.Z — 3 9 0 National of Australasia, £5 paid 6 9 0 New South Wales ... 29 15 0 30 2 6 New Zealand 2 9 0 2 9 6 Ditto, D long term ... 1 12 10 — Reserve Bank of N.Z. 6 10 3 6 10 6 FINANCIAL— Abraham and Williams,

pref — 4 3 0 Dalgety and Co — .8 13 0 Goldsbrougli Mort. and Co 1 7 3 1 8 3 N.Z. Guarantee Coro. 0 5 10 0 6 1 Well. Invest., T. & A. 0 9 3 0 9 8 Well. Dep. and Mtge. 0 4 9 — GAS— Auckland 1 7 4 — Ditto, contrib 1 0 1 — Gisborne — 0 12 0 Wellington, ord — 2 4 6 Ditto, pref 1 6 0 — 0 New Plymouth — 7 10 INSURANCE— National of N.Z — 1 1 8 New Zealand 3 7 6 — Queensland — 3 0 0 South British — 4 14 0 MEAT PRESERVING— Gear Meat 1 1 6 1 2 0 N.Z. Refrig., £1 paid — 0 19 s Ditto, 10s paid 0 8 10 0 9 0 Southland 3 16 0 3 19 0 Well. Meat Ex., pref. — +1 1 6 TRANSPORT— Huddart, Parker, ord. — +1 18 0 Union Steam, pref. ... — 1 7 9 Kelburn Tramway ... 1 6 0 — WOOLLEN— Wellington, pref 5 15 0 — COAL— Taupiri — 0 18 0 Renown, ord — 0 8 6 TIMBER— Kauri 0 18 9 0 19 6 Leyland-O’Brien 1 1 0 1 2 0 Taupo, pref — 1 3 6 BREWERIES— N.Z. .Breweries 2 11 0 2 11 9 Staples and Co 1 11 0 — Tooth and Co 2 8 5 2 9 0 Tooheys 1 8 6 1 9 3 MISCELLANEOUS— Aust. Glass 2 18 0 2 19 9 British Tobacco *1 17 8 1 18 0 Broken Hill Pty — 2 12 0 Colonial Sugar 41 7 6 41 15 0 Con. Brick and Pipe — 0 9 9 D.I.C., ord 0 14 0 Dunlop Perdriau — 0 18 6 Electrolytic Zinc, ord. 1 1 7 1 1 .1 Howard Smith, ord. ... — *0 15 6 Mount Lyell 0 17 6 0 18 0 N.Z. Drug — *4 0 3 Prestige N.Z., pref. ... — Wellington Cordage ... 0 9 1 3 6 3 — Woolworths N.Z 9 17 6 Ditto, pref 2 0 0 Griffon and Son 0 5 0 — Farmers’ Trading. ord — 0 7 6 Crystal Ice — 1 19 0 Milburn Lime 2 2 3 — MINING— Bell Ivilgour 0 0 0i — Big River 0 2 1 0 2 5 Central Shotover —. 0 0 7 Consol. Goldfields 0 15 3 0 16 0 Gillespie’s Beach 0 1 6. — King Solomon — 0 4 0 Mahakipawa 0 0 9i o o n Okarilo — 0 7 9 Skippers 0 0 5 0 0 6

Waihi — 2 1 6 Mount Morgan — 1 18 6 Maori Gully .... 0 1 5 0 1 4 "Cum dividend. +Ex dividend.

£N.Z. to £stg.l00 ... T.T. 124 124/10/0 O.D. 123/10/0 124/7/6 Australia— £A. to £N.Z. 100 T.T, 101 100/10/0 FijiO.D. 101 100/10/0 £F. to £N.Z. 100 T.T. 90/7/6 89 O.D. 90/7/6 89 New York — dollars to £N.Z.l ... T.T. 3.861 3.611 O.D. 3.87| 3.821 Montreal — dollars to £N.Z.l ... T.T. 3.891 3.851 O.D. 3.901' . 3.851 France— Francs to £1 N.Z. T.T. 58.17 56.87 Japan— O.D. 58.47 56.92 N.Z. pence to 1 yen ... T.T. — 17 13-16 Shanghai— O.D. N.Z. pence to 1 dollar . T.T. 23 5-16 24§ O.D. 23 3-16 24 9-16 FIong-Kong— N.Z. pence to 1 dollar . T.T. 29 15-32 30 17-32 O.D. 29 11-32 30 15-32

Copper— Mar. 7 Per ton. £ s d Mar. 8. Per ton. £ s d Standard 23 9 4 i : 23 1 iUg Standard, forward 23 6 lOj , 28 8 y Electrolytic 31 0 0 31 5 0 to 31 10 0 31 10 0 Wire bars 31 10 0 31 10 0 Spot 10 7 6 10 7 6 Forward 10 12 6 10 12 6 Spelter—. 11 10 0 11 10 0 Forward 11 15 0 11 15 0 Tin — Spot 216 2 6 217 15 0 Forward 213 2 6 214 0 0 Silver— Standard, per oz . Fine 27id 29 7-16d 27d 29ld