STOCKS AND SHARES

New Zealand Herald, Volume LXXVII, Issue 23721, 30 July 1940, Page 3

STOCKS AND SHARES

THE AUCKLAND EXCHANGE LITTLE ALTERATION IN VALUES Share values showed only slight alterations when the Auckland Stock reopened yesterday. Although tlio undertone was firm, there was still an atmosphere of caution. Government loans were well sought, but wide margins ruled generally. Banks were about stationary, but there was some activity in the insurance group, where offers were raised. In some fairly isolated cases buyers lowered their limits for miscellaneous industrials, but taken as a whole the section maintained its strength.

BUILDING DESTRUCTION WORK OF TIMBER PESTS DRASTIC ERADICATION URGED Evidence obtained regarding the destruction of wooden buildings by timber pests in New Zealand emphasises tlio necessity for drastic methods in combating and eradicating such pests, according to the annual report of the Stato Advances Corporation. Apart from common to New Zealand and known to the layman as borer, it is reported that Australian timber and soil-dwelling termites have become established in northern districts of New Zealand. "In parts of the Dominion," the report continues, "there is a growing tendency to adopt permanent materials in preference to timber for residential buildings. In view, however, of our national assets in the form of timber forests, it is the corporation's opinion that an active programme of scientific drying and pro-treatment of timber by producing and distributing interests is essential. "Such action would ensure a longterm life of utility to wooden buildings and maintain the confidence of lending institutions in this tvoo of security," the report states. "With a view to coping with soil-dwelling termites. tho corporation has adopted for fnturo loans in certain areas a condition providing for complete metal capping of foundations in housing construction." FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres for yesterday were supplied by the Bank of New South Wales as follows: ■Tilly 20 Buying Selling T.T. T.T. Now York: dol. to £ 3.2512 3.2050 Montreal: dol. to ,C 3.0000 3.5200 flreece: draclunao to £ Java: fl. to £ 6MS7 (i.OOI Hongkong: pence to dol. 18% 10 1-32 India: pence (o rupee 22 5-32 22 40-04 Ceylon: penoo to rupee 22 5-32 22 4fMM Manila: pence (o peso 30 f)-10 37 7-10 Shanghai: pence to dol. Singapore: pence to dol. 34 41-64 35 41-64 S.A".: i'N.Z. .Cst,. 100 .123 125 London: .tN.Z. £st. 100 324/7/6 325 Aust.: £.\. XN.Z. 100 300/10/- 100 Fiji: -JCF. £N.Z. 100 00 SS/12/6

CLOSING QUOTATIONS Buyers Sellers .u H (1 0, s il BANKS, INSURANCE AND AGENCY Bk. Australasia . . 8 •2 (i 9 0 Nat. J5ank N.Z. . 1 15 1) — Bank N.SW. 2<i 15 1) — Bank N.Z. 2 0 3 o 0 G Ditto (D mort.) — 1 8 3 Union Bank (i 1 L 0 — National fusee. . (1 17 1) — N.Z. Insurance .. •J IS 3 o 11) 0 South British 2 7 0 •j 7 <» Standard 1 usee. . l(i 0 — Dalgety — 7 0 0 F.A.C. (£5 paid) . — 4 (> 0 Ditto (A pref.) 1 (J 0 — Ditto (B prof.) 1 0 3 — Newton Kiiiff (ord.) 0 0 !) 0 1 9 Ditto (pref.) .. 0 10 0 0 11. 0 N.Z. Guarantee . — 0 3 3 N.Z. Loan A Merc. — 88 0 0 Traders' Fin. 0 ]() 0 Ditto (con.) 0 1 !) 0 3 0 COAL, GAS ; AND SHIPPING Grey Valley Coal 0 8 0 Renown (ord.) 0 0 0 0 12 (i Ditto (pref.) .. 0 2 7 0 3 0 Taupiri 0 1!) 0 — Ditto (pref.) 1 2 0 — West port 1 .1 n 1 o G West.-Stoek. (ord.) () 1 n 0 ■> 4 Ditt) (pref.) 0 5 0 0 0 0 Auckland Gas 0 8 0 0 s n Ditto (con.) — '* <) 3 G Hawera (15/- pd.) — 0 9 6 Devon port Ferry . 1 0 0 — Norlhern Steam . — 0 4 G P. & 0. (dcf. stk.) •— 1 3 ({ TIMBER, TEXTILES AND BREWERIES Ley.-O'Br. Timber 0 12 0 0 14 G National Timber . T. Totara (pref.) 0 n 0 — 0 10 6 Kaiapoi Wool. .. 0 14 3 — Ditto (con.) — 0 r, 3 Oamaru . . .. 0 IS 3 0 10 6 Tattersfield 1 G 0 — Ballins Brew. 0 10 fi — Dom. Brew, (ord.) 1 n .1 1 n 5 N.Z. Breweries .. 1 12 8 1 13 9 MISCELLANEOUS Entrican-Sims (pf.) — 0 1(5 G Berlei (N.Z.) — 3 3 0 B.vcroft 1 IS G — Claude Neon (N.Z.) (1 18 0 1 0 9 Consol. Brick (1 7 •1 0 7 11 Dental & Medical o 12 n — Donashy's Rope . 2 1 1 o — Farmers' Tr.iriintr . 0 18 « 0 19 6 Ditto (A pref.) 1 1 0 —■ Ditto (B pref.) 1 0 (i — Gear Meat 0 11 3 —— Grey and Menzies — 0 13 0 H.M. Arcade (pf.) — 0 19 0 ■Lewis Eady (pf.) 0 17 0 Macduffs (pref.) . 0 12 9 0 15 0 Macky, Lopan a 17 0 1 0 0 M. and C. (ord.) 0 13 6 — Ditto (deb.) 0 13 G — Ditto (B pref.) i 0 0 — M.K. Mfrs. 0 5 9 0 r> 1 Moturoa Oil — 0 4 3 Ditto (pf.) (.V f.p.) — o 5 0 National Electrical —■ 0 18 0 New Auck. Laundry — 0 IS 0 N.Z. Drue: 3 11 0 — N.Z. Farm. Fert. O in O — Ditto (pref.) .. N.Z. Newspap's . . 1 l O 1 o 3 1 7 n N.Z. Refriur. (con.) n 8 3 0 8 9 North. Roller Mill. 0 IS 0 — Ditto (pref.) . . l 1 0 — Peters Tee (N.Z.) — 0 15 3 Radio (in3G) — 0 13 9 Reid Rubber (rts.) 0 3 11 o 4 o San ford (ord.) — o 4 0 Ditlo (pref.) .. — n 14 0 Taranaki Oil Dev. — 0 3 n Union Soap — i 7 G Wairakei <~>! f.p.) — 0 n 0 ■\Vhittome-Rtevpnson. 0 18 9 1 0 G Wilsons Cement 0 17 n o 18 G "Wool worths (N.Z.) n 14 n 0 15 4 Ditlo (pref.) .. 1 14 6 —■ MINING Arsro (I/- paid) .. — 0 0 11 Tint ha .. — 0 1 3 Consol. G old fields . — 0 Ifi 3 Golden Crown .. — o 0 0 Oolden Dawn — 0 n 9 Afartha n 7 3 o 8 0 Wnihi Invests. o 4 3 0 6 O Worksop . . 0 0 oy a . 0 0 5 N.Z. GOVERNMENT LOANS Bonds — 15/1/53-57. . ns 10 O —— T.-/1 i/ns-11. r -iV. no 0 0 — 0 15/2/43-Hi. -1 .. 103 0 0 104 0 ir,M/.in-in, 4 .. 103 O 0 101 o 0 i .VG/52-55, l .. 103 5 0 101 5 0 Rural— 1 r./fl/lT. 1 102 io 0 — Stock— 15/1/53-57, SVa . ns 10 0 — 15/11/3S-41, on 0 0 — 15/3/40-43. 1 .. 101 10 0 — 0 15/2/13-40, 4 . . 103 0 0 103 5 I.-M/IG-IO, i .. 103 0 o 101 0 0 /.in-52, i .. 103 5 0 101 0 0 i t .. 103 7 G 101 0 0 30/11/4S. i 102 10 0 — 0 31 I-5S, -1 . • 103 10 0 101 10 DEBENTURES . Auck. F..P. Board. o 0 i.->/(;/.->n 10G 10. 107 0 Ditto. 30/1/15 . 103 5 0 — Auck. Harh. Board, 101 0 n'7/Gl 15 — Ditto, 10'0/r.n . 101 10 0 — Wantrnnui Har. Bd., 101 10 0 1/1/51 . •• — Ab rn h n in - W i 11 i a m s — 86 0 0 Amal. Brick (Ak.), 1/3M4. 0 102 0 0 — Auck. Gas (perp. 6 100 5 deb. stockl nn 17' 0 Gisborne Sheepf'm's, 10 0 31/SMI. <>V, • no — Renown Collieries, 101 0 0 1/3/51. G .. Williamson Picture, 5/6/10, 7 1 -', . . 0 80 0