STOCKS AND SHARES

New Zealand Herald, Volume LXXVII, Issue 23679, 11 June 1940, Page 3

STOCKS AND SHARES

THE AUCKLAND EXCHANGE FIRMER TONE TOWARD CLOSE A slightly stronger tone ruled on the Auckland Stock Exchange yesterday. Values early ill the day were depressed, but there was a general improvement later. Support for Government loans was inclined to ease. Banks generally were stronger, but insurances sold freely at steady to lower levels. Most of the Australian industrials closed slightly higher, although buying support in some cases was only slight. New Zealand issues were steady. Breweries opened at a decline on last week, but the ground was recovered at the close.

QUEENSLAND OIL SEARCH The Shell Oil Company some months •vo secured from the Queensland Government a right to oil prospecting over 13(5.000 square miles of country m Western Queensland. The company is starting eight parties for geological and geophysical examinations. Meanwhile the testing at the Roma Blocks Company's bore, at Roma, Queensland, is proceeding, and a strong flow of gas lias- been released from the lower od sands at 3554 ft. The liope is that the gas -\Vill force up a, flow of oil. Some few-years ago the company recovered more* than 900 gallons of oil • from an adjacent bore, and the' petrol was of high class, being used for ordinary motor service while it lasted. MINING YIELDS Mininpr yields for last week are:—Clutha (Otngo), 58oz; Gillespie's Beach (WesUand), 40'ioz; Worksop Extended (West Coast), 2Soz; Mataki Dredging (Murchison), 230z; Okarito (WesUand), U'«oz.

CLOSING QUOTATIONS Buyers Sellers £ s d £ s d BANKS AND INSURANCE Australasia V 5 0 Com. <>f Australia, 0 11 1 0 14 G Ditto (pref.) 8 30 0 — Com. of .Sydney .. — 19 0 0 National of N.Z. . 1 ]<; o — Bank N.Z. 1 lit 0 2 0 0 Do. (D Mortg.) — "1 9 3 Union Hank G 17 0 7 5 0 National Ins. — 0 38 G New Zealand Ins. . 2 3(5 0 2 17 o South British . . . •t o 2 5 0 LOAN AND AGENCY Dalget.v — 7 5 0 Dom. Invest. 0 17 a 0 IS G F.A.C. (X'5 paid) . — 4 2 G Ditto (£1. paid) 0 !) 0 — Ditto (B pref.) 0 3!) G 1 0 6 Newton King (ord.) 0 0 g — Ditto (pref.) 0 9 G — N.Z. Guarantee . . — 0 3 7 Traders' Finance . . 0 11 0 — Ditto (con.) 0 a 1 0 3 6 COAL, GAS, SHIPPING Grey Valley 0 0 G Renown (ord.) — 0 13 0 Do. (7, pref.) .. Taupiri (ord.) 0 2 6 () 3 0 — 1 1 3 Ditto (pref.) 1 2 0 — West port — 1 4 0 "West .-Stock, (ord.) — 0 2 9 Ditto (pref.) 0 5 0 O G 3 Napier (Jas — !) 3 5 0 Do. (con., £'5 jid.) — 4 10 O Auckland Gas 0 8 11 0 9 4 Ditto (con.) Gisborne (las — 0 4 0 0 2 0 Hawera (35/ paid) — 0 0 6 Northern Steam . . 0 3 0 .— P. & O. (def. stk.) — 1 7 0 Union Stni. (pf.) . . 1 4 G 1 7 0 TIMBER, TEXTILES, BREWERIES Kauri Timber 0 IS 3 1 3. G Leylarid-O'Brien . . 0 3 2 0 0 14 G National (cx div.) . — U V 3 Taupo Totara (pf., 10/ paid) 0 31 3 .— Do. (pf., JUL pel.) 0 IT) 0 0 37 0 Kaiapoi 0 H <J 0 15 0 Ditto (con.) 0 5 3 Oainaru .. .. — 0 19 9 Tattersfield 1 G 0 — Carlton Brew. — 3 2 0 Dominion Brew. . 1 9 3 1 30 0 Ditto (pref.) — 1 12 G N.Z. Brew. 1 10 G 3 11 9 Swan Brew. — 1 14 0 MISCELLANEOUS Anthony Hordern (pf.) — 1 2 0 Kntrican-Sims (pf.) O a Aust. Alloy Steel . 0 4 0 0 G 0 A.C.I, (con.) 0 13 0 0 15 G Aust. Steel (pf.) .. — 1 7 3 Berlei (N.Z.) — 3 3 0 Booth-ilne. (pf.) .. — O 3 0 British Tobacco ., — 2 4 0 Broken Hill Pty. , o 1 0 2 1 9 Burns, Philp — 2 14 0 Colonial Sugar . . '10 0 0 50 0 0 Con Brick 0 7 G 0 8 G Dental and Medical 0 12 () — Donaghy's Rope . . 'J 32 G 2 17 G I El. Zinc, (pref.) .. Farmers' Trading . 2 3 G — — 0 10 G Ditto (A pref.) 1 3 0 — Ditto (B pref.) 1 0 0 — G. J. Coles — 3 0 0 Grey and Menzics 0 12 0 — Henry Jones Co-op. — 2 34 0 H.M. Arcade (pf.) . — 0 39 0 I.C.I., A. & N.Z. (pf.) 1 1 G — Lewis Kady (pref.) 0 17 0 * — MacduiTs (ord.) .. — 0 7 G Ditto (pref.) — 0 14 9 McKendrick (G, pf.) 0 17 0 1 1 0 McKenzies — 2 4 0 Macky, Logan 0 1!) 0 1 2 . G Milne and C. (ord.) 0 35 0 — Ditto 'deb. stk.) 0 11 9 0 3G 3 M.K. Mfs. 0 5 7 O G 3 .Morris Hcdstrom . — 1 8 0 Moturoa Oil — O 4 6 Ditto (pref.) —' 0 . 5 0 National Electrical — 0 39 0 New Ak. Laundry — 1 0 0 N.Z. Drug 3 13 G 1 0 6 N.Z. Fert. — N.Z. Newspapers . — 1 S G N.Z. Paper Mills . — 1 10 G N.R. Milling (ord.) 0 38 G — Ditto (pref.) 1 1 0 — 0 Peters Ice (N.Z.) . — 0 39 Radio (193G) — 0 0 14 1 5 G Rcid Rubber 1 3 0 Selfridges (A'asia) . — 0 0 13 G Robinson Ice 1 0 1 G 0 Sanford (ord.) — 0 4 3 Ditto (pref.) — 0 15 0 Taranaki Oil Dev. — 0 4 0 0 Taranaki Oil Fields — G 0 7 Union Oil, Soap .. 1 4 0 9 0 Wairakei — Whit-tome. Stevenson — 1 1 0 Wilsons Cement . . 0 3G 0 0 17 0 Woolworths (N.Z.) 0 13 0 0 13 G Ditto (pref.) — 1 15 9 Woolworths Props. . — 1 G o Do. (Syd.) 0 15 7 0 10 2 Do. (Syd., 1st pf.) 1 14 G — Do. (West Aust.) — 4 0 0 OVERSEAS LISTINCS Wths. Hds. (S. Af.) — 0 14 9 MINING

Arjro Bis River Clutha •. Gillespie's Beach . Golden Crown Golden Dawn Goldfieltls Dredg. < Maori Gold .. Worksop .. . • Okarito 0 0 o 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 1 0 2 0 9 9 5 9 0 o 0 6 0 Australia and FIJI — Broken Hill South 13 0 1 Emperor .. . . 0 10 6 0 Loloma ... .. 1 - 6 1 Mount E.asi . • 0 3 0 ? Mount Lyell ..130 1 Mt. Morgan (ord.) 0 North Broken Hill 1 11 0 Rawang 0 J » ° Wgton. Alluvjals .036 0 N.Z. GOVERNMENT LOANS 5 11 5 5 5 9 S 4 0 3 0 6 0 0 o 6 Bonds — 15/1/53-57, 3% . — 15/11/3S-41, 3% DO 10 15/2/43-10, 4 •• 101 10 15/1/((.-lit, 4 . . 30-2 0 IG/O/f 2-55, 4 . . 103 10 Kuril,1 Bands — 15/9/17, 4 .. 102 0 St 15/l/53-57, 3Mi . 0!) 10 15/11/3S-I1, 3% !)!» 10 15/3/10-13, 4 . . 100 5 15/2/43-10, 1 .. 101 15 15/4/'1G-I 0, 4 .. 101 10 15/5/40-52, 4 .. 102 0 15/0/52-55, 4 .. 103 10 31/5/51-58, 4 . . 102 0 COMMONWEALTH OF 100~10 0 0 — 0 — 0 — 0 — 0 — 0 100 10 0 0 101 0 0 0 — 0 102 10 0 0 103 0 0 0 103 0 0 0 — 0 — AUSTRALIA Bonds — 15/0/47, 4 .. — 15/11/40, 3y 4 .. — Stork — 15/11/41, 4 — DEBENTURES 100 104 101 0 0 0 0 0 0 Auck. E.P. Board, 15/0/50 Auck. Harb. Bd., 0/7/43 Do., 10/6/50 (ox int.) . . City or Auckland, 1/1/4 4 -55 .. Kaikohe Town Bd., 1/11/02, 3% . Maunsiuun County, 1/1/05 . Abraham - Williams Amal. Brick (Ak.), 1/3/41, O . . Auck. Gas (pcrp. deb. stock) . . Bcnowii Collieries, 1./3/54, 0Williamson Picture, 5/0/40, 7Y a . . 100 103 102 100 100 100 75 0 0 10 0 15 0 0 0 0 0 0 0 0 0 101 100 105 00 103 100 95 10 0 0 0 0 17 0 0 0 0 0 0 0 0