WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume LV, Issue 90, 14 March 1935, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY S BUSINESS AND PRICES. A featureless market yesterday saw a slightly smaller turnover recorded on the Wel!ington_ Stock Exchange Government loans were inclined to be a shade firmer. The 31 per cent stock, 1936-52, sold at £lO5 15s, aad two parcels of 4 per cent stock, 1955, were done at £llO 15s. Bank issues were very quiet, with no recorded business. Buyers were in for Australasia at £ll, sellers holding for £ll 10s. Commercial of Australia were hid for at 16s, sellers wanting 4d better. Now Zealand were dull at 495, but the D mortgage shares were a point up at 32s Id. Reserve Bank were wanted at £6 10s. Little interest was shown in gas. meat, freezing, coal or timber shares. There was a better inquiry for insurance issues at the lower range of values recently reached. Breweries showed little quotable change. A slightly better tone was shown in miscellaneous industrial and trading issues. Broken Hill Proprietary were firm at 51s 6d, with sellers ill at 525. Colonial Sugar again had sales at £4l 12s 6d. Australian Glass were wanted at 575, sellers looking for 60s. Mining issues were very dull. TESTER DAY’S QUOTATIONS. The lalost buying and selling quotations recorded yesterday on the Wellington Stock Exohantro worn as follow!

FOREIGN EXCHANGE. ON NEW ZEALAND CURRENCY BASIS. • DIRECT DOLLAR RATES. The 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 —

j 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, i 15s 6}d in U.S.A [ 15s ftjd in Canada., ! 9s in Franco. | 9s 8d in Italy. ■ 9s in Germany. 9s in Java. £1 7s lid in Japan. COLOMBO TEA AUCTION. ‘ Per Press Association. DUNEDIN. March 15. The following cabled report on the Colombo tea auction on March 12 has been received here: —At yesterday’s auction of 1,510,0001 b, common and medium grades were keenly . competed for and remained strong, fine teas were easier following quality. Next week’s auction is catalogued fpr 1,970,0001 b.

Buyers Seilers. X.Z. GOVT. LOANS— £ «. <1 £ s d. 4 p.c. Bonds. 1937-40 ,.102 5 0 4 p.c. ditto, 1943-46 ...105 10 0 4 p.c. ditto, 1946-49 ...108 10 0 — 4 p.c. ditto, 1952-55 ...110 0 0 — 5 p.c. Rural Bonds, 1947 105 0 0 — 31 p.c. Ins. Stock, 1938-40-43 — 106 15 0 • 3£ p.c. - ditto, 1938-49-52 — 107 5 0 4 p.c. ditto, 1937-40 ...102 5 0 — 4 p.c. ditto, 1943-46 ...105 10 0 106 0 0 4 p.c. ditto, 1946-49 ...108 10 0 — 4 p.c. ditto, 1952-55 ...110 0 0 111 0 0 DEBENTURES— N.Z. Farmers’ Co-op., ]).s„ 1940 84 0 0 Wright, Stephenson ... 97 10 0 — Amid. Brick, Wkgn. 100 10 0 — BANKS— Australasia *11 0 0 11 10 u Oomrcl. of Aust., ord. 0 16 0 0 16 4 Ditto, pref — 10 0 0 Cnmrol. Banking Co.. Sydney — 16 10 0 National of Australasia, £5 paid — 6 8 0 New Zealand 2 9 0 2 9 3 Ditto, 1) long term ... 1 12 1 — Reserve Bank of N.Z. 6 10 0 — Union of Aust — 8 14 0 FINANCIAL— Abraham and Williams, pref —• 4 2 0 Goldsbrough iVfort. and Co 17 0 — National Mortgage ... 3 0 0 X.Z. Guarantee C'orp. 0 5 10 0 6 1 Well. Invest.. T. & A. — 0 9 9 Well. Uep. and Mtgc, 0 4 9 — GAS— Auckland 1 7 3 1 8 0 Git? borne — 0 12 () Wellington, ord — 2 4 6 Ditto, pref — New Plymouth 5 10 0 1 7 0 7 7 6 INSURANCE — Aust. Prov. Assce. ... 0 10 0 0 10 6 National of N.Z 110 1 1 6 New Zealand 3 7 6 — ■ Queensland — 3 0 0 South British 4 13 3 4 14 0 MEAT PRESERVING— N.Z. Refrig.. £1 paid — 0 19 8 Ditto, lOn paid 0 8 9 0 9 1 r COAL— Pukomiro — 1 6 6 Tnupiri — 0 18 0 1 Westport — 1 2 0 TIMBER— Kauri — 0 19 6 Leyland-O’Brien — 1 2 0 National — 0 15 6 Rotoiti — 0 5 0 Tempo, £1 pref — 1 3 6 Ditto. 16s pref — 0 18 0 BREWERIES— ('aril on — 2 11 9 N.Z. Breweries 2 11 0 2 11 9 Staples and Co 1 11 0 Tooth and Co 2 8 3 — 2 9 6 MISCELLANEOUS— Aust. Glass 2 17 0 3 0 o British Tobacco *1 17 6 1 13 0 Broken Hill Pty 2 11 6 2 12 0 Colonial Sugar 41 10 0 41 15 0 Con. Brick and Pipe — 0 9 9 Dominion Fertiliser ... 1 1 9 1 2 6 D.I.C., ord 0 14 0 — Dunlop Rordriau 0 17 11 0 18 0 Electrolytic Zinc, ord. —- 1 2 3 Ditto, 8 p.c. pt. pref. — f-1 15 9 Howard Smith, ord. ... — *0 15 3 Mount Lvcll 0 17 9 0 18 0 Sharland and Co., pref — Wellington Cordage ... 0 9 6 1 6 6 — Wool worths N.Z 9 10 0 9 17 6 Lincoln Mills. 9 p.c. pref 1 10 9 1 12 0 Farmers’ Trading. ord — 0 7 3 MINING — Bell Hooper — 0 0 4 Big River 0 2 2 0 2 41 Brian Born 0 0 24 — Central Shomver — 0 0 7 Gillespie’s Beach 0 1 9 — King Solomon — 0 3 11 Mahnkipawa 0 0 9 0 0 104 Okarito 0 7 2 0 7 9 Skippers 0 0 4g0 0 54 Talisman Dubbo — 0 10 0 Wailti — 2 1 9 Bulolo 8 19 0 — ‘Cum dividend. tEx dividend. —

£N.Z. to / £stg.l00 ... T.T. 124 124/10/0 Australia— £ A. to £N.Z. O.D. 123/10/0 124/7/6 100 T.T, 101 100/10/0 Fiji— £F. to £N.Z. O.D. 101 100/10/0 100 T.T. 90/7/6 89 New York— dollars to O.D. 90/7/6 89 £N.Z.l ... T.T. 3.83/S 3.79a Montrenl — dollars to O.D. 3.85g 3.79S • £N.Z.l ... T.T. 3.88i 3.84^ Franco— Francs to £1 O.D. 3.893 3.85 i N.Z T.T. 57.94 56.64 O.D. 58.24 56.69 Japan— N.Z. ponce to 1 yen ... T.T. — 17 13-16 ! Shanghai— N.Z. pence O.D. — to 1 dollar . T.T. 23 24 5-16 llong-Kong— N.Z. ponce O.D. 22J 241 to 1 dollar , T.T 29 5-16 . 303 O.D. 29 3-16 30 5-16 T.T. represents telegraphic transfers. U.l). represents on demand transactions. The above rutes without )iotico. are subject to alteration