STOCKS AND SHARES

New Zealand Herald, Volume 78, Issue 24084, 1 October 1941, Page 3

STOCKS AND SHARES

THE AUCKLAND EXCHANGE N.Z. INSURANCE RISE In step with the market for South British, levels for New Zealand Insurance shares were lifted 3s (3d to 70s in dealing on the Auckland Stock Exchange yesterday. This price is Is 3d below the record attained by the shares in April. J930. Support throughout the group continued to be very strong. In other sections the market revealed little change except, perhaps, in Government securities, for which there was a generally improved inquiry.

FARM BUYERS WARNED SUPERPHOSPHATE ALLOCATIONS Persons buying farms are warned by the Farmers Union to stipulate in the purchases that the superphosphate allocations in the manure rationing scheme be transferred with I tie farms. Owing' to the shortage of superphosphates a rationing scheme was introduced and should the allocations bo not transferred in the sale of a farm the new owner would find himself with no means of obtaining superphosphates. FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres yesterday were supplied by the Hank of New South Wales as follows: September 30 T.T. T.T. Buving Selling .Yew York. dol. to £ . . 3.25 I'2 3.2050 Montreal, dol. to £ .. 8.6039 3.5290 Java. fl. to £ .. .. 6.187 6.004 Manila, pesos to £ . . 6.550 6.442 Hongkong, pence to dol. IS% 191-32 India, pence to rupee .. 22 21-64 22 23-32 Ceylon, pence to rupee . 22 21-64 22 23-32 Singapore, pence to dol. 84 41-64 35 30-64 S -\f. £'N.Z. £S.A. 100 123 125/5/London, £N.Z. .€st. 100 124/7/6 125 \ustralia. £A.£N Z. 100 100/10/- 100 Fiji. £'F £N.Z. 100 .. 00 88/12/6 QUOTATIONS IN LONDON LONDON, Sept. 20 Poreign exchnucre rates are.- —Mew York (dollar), 4 03; Montreal (dollar). 145; Switzerland ifr.l. 17.35; India (rupee). Is (id; Hongkong (dollar) 15cl; Argentine (pesos). 17.013 d, Stockholm (kr.), 16.00; Shanghai 3 1 -(ltd SIIAREMARKET INDICES London Financial Times (1026 equals 100): — Govt. Home Indus- Gold securities rails trials mines 1010 Chitrh) . 111.7 58.0 101.6 200.4 1940 (low) .. 104.8 31.0 61.1 138.8 Sept 25 .. 113 9 51.3 98.5 175.2 Sept 20 .. 113.0 51.3 98.1 178.3 Sept.. 30 .. 114.2 51.3 05.2 178.2 New York Dow Jones (102(> equals 100): — 20 Hails 30 Indust. Shares sold I <l4O (high) 32.(17 152.80 1910 (low) .. 22.15 111.84 Sept. 25 . . 28.66 125.81 490.000 Sept •_!(; 28.97 126.03 1 HO.OOO Sept. 29 .. 28.63 126.05 400.000 SILVER AND TIN PRICES LONDON, Sept. 29 Silver. —Unchanged, 23 7-16 d an ounce standard: 25 5-10 d an ounce fine. Tin—Spot: Buyers. £256 a ton; sellers, £'256 ss. Forward : Buyers, £250 !ss; (sellers, £'2CO. KANEIRI DREDGE REPAIRS (0.C.) GREYMOUTH, Tuesday Following an inspection by an Australian professional diver, Mr. 0. Edwards, the management of the Kanieri Gold Dredge. Limited, have decided to construct a coffer dam to effect repairs to a damaged plate in one of Ihe watertight compartments at the how. The dredge ceased work on Thursday. The, damage is not great Repairs will occupy about a week. WAR LOAN PAYMENT The second instalment, on allotments in the £10,000.000 war loan, other than those fully paid on application, is due to-day Applicants for instalment allotments made an initial payment of £2O per cent, and £3O per cent becomes payable to-day, with a similar payment due on November 3. The final instalment of £2O per cent is payable on December 3.

CLOSING QUOTATIONS Buyers Sellers £ s d £ S d BANKS, INSURANCE AGENCY Bank A'asia 8 10 0 — Com. Bk. Axis. 0 15 0 — Dittj (pref.) 9 10 0 10 0 0 Com. Bkg. Sydney 13 0 0 — E.. S. and A. Bk. 4 (J 0 — Nat. Bk. N.Z. — 1 19 3 Bank N.SAV. •28 5 0 28 15 0 Bank New Zealand 1 19 10 2 0 0 Ditto (D mort.) 1 30 0 — Queensland Nat. . — 5 0 0 Union Bank 7 2 6 — National Iris. 0 19 8 1 0 0 New Zealand Ins. 3 0 3 3 10 6 Queensland Ins. . . 2 12 0 — South British Ins. 3 2 0 3 3 0 Standard Ins. 3 1 0 — Dalgety .. 6 o 0 — F.A.C (£2 paid) 1 11 0 1 14 0 Ditto (X'l paid) 0 16 0 0 16 3 Goldsbrougli Mort — 1 8 0 Newton King (pf.) 0 10 6 0 11 6 Trad. Fin. (con.) 0 3 0 0 3 2 United P B. (Ak.) 0 19 0 1 0 6 COAL, GAS, SHIPPING Pukemiro Coal . . 0 17 0 0 18 0 Tanpiri ford.) 1 2 6 — Do. cpf.. ex div.) 1 2 9 — Auckland Gas 0 7 6 0 7 7 Ditto (con.) 0 3 0 0 3 o Northern Steam .. 0 4 6 0 4 9 Ditto (coil.) 0 0 8 0 0 10 P. and 0. (def.) 1 10 6 — TIMBER, WOOLLENS, BREWERIES Kauri Timber 1 o 6 National Timber . 0 0 3 0 7 3 Bonds Hosiery .. 1 8 0 — Bruco 1 3 3 — Felt and Textiles 1 10 0 1 19 6 Do. (eon., 10/-) 0 10 0 — Kaiapoi (paid) 0 10 3 — Ditto (con.) — 0 6 4 Manawatu Knitting 1 4 6 1 7 0 Oaniaru 1 3 0 1 3 9 Dom. Brew, (ord.) 1 10 1 10 9 Ditt-o (pref.) 1 11 9 — rnnes (ord.) 1 0 0 — Ditto (pref.) 1 1 0 — New Zealand Brew. 1 15 9 1 17 0 MISCELLANEOUS Alloys Steel (N.Z.) 1 13 0 A.C.I 2 8 3 2 11 9 Aus. Iron (pref.) . 1 7 0 1 9 0 Aus. Paper (pref.) 1 7 0 1 8 9 Beath and Co. .. 0 17 0 — Broken Hill Pty. o 2 3 2 3 0 Ditto (new) — o o 9 Colonial Sugar .. 52 0 0 55 0 0 Consolidated Brick 0 8 0 0 8 6 Dunlop Rubber .. — 1 3 3 Electro. Zinc (pf.) — 2 18 6 Farmers' Trading . 1 1 9 1 2 3 Ditto (A pref.) 1 3 6 — Ditto (B pref.) 1 3 0 — Ccar Meat 0 15 0 0 15 4 0. J. Coles 3 3 6 3 8 0 I.C.I, (pref.) 1 4 0 — K.D.V. Boxes 0 9 0 0 9 6 McKenzies 2 1 9 — M. and C. (deb.) 0 10 (-! — Ditto (pref.) 1 1 6 — Ditto (B pref.) 1 o 6 — Morts Dock 0 19 8 1 0 3 Moturoa Oil 0 o 6 0 3 6 N.Z. Drug 3 17 6 — 0 N.Z. Fertilizer .. 1 0 0 1 1 Ditto (pref.) .. 1 3 3 — N.Z. Refrig. (paid) 1 0 0 — Reid Rubber 1 a 3 1 7 3 Ditto (con.) 0 15 6 0 — 0 Taranaki Oil Dev. 0 2 0 3 Taranaki Oil Fields 0 4 9 0 5 3 Wilsons Cement . . 0 19 6 1 0 0 Whit combe-Tombs 3 12 6 3 17 6 Wooiworths (N.Z.) 14 2 0 14 6 Do. (pf., ex div.) 18 9 2 1 3 Ditto (Syd.) . . 17 5 0 17 6 W. R. Carpenter 18 6 — Wths. Hldgs. (S.Af.) 15 9 0 16 9 MINING Martha 0 8 1 0 8 9 Una Hill 0 1 6 0 1 9 Waibi Invests. 0 4 3 0 4 9 0 Broken Hill South 1 7 6 1 0 Emperor 0 12 6 0 0 13 3 6 Mount Lvell 1 7 1 8 Mt. Morgan (ord.) 0 9 2 0 9 9 North Broken Hill o 3 0 N.Z. GOVT. LOANS Bonds — 10 0 15/1 /53-57, S 1 /, . 101 — Rural Bonds — 102 0 15/9/47. 4 0 88 — 0 War Loan. 1 /10'53 S7 0 0 0 Do., l/S/46. 2Y, 95 10 0 98 98 0 0 Do., 1/8/51-54,3 97 5 0 0 0 Stock— 100 5 0 15/1/56-59 3% . 99 10 0 15'0/57-0)0 3Vi . OS 15 0 99 15 0 15/1/53-57, 3Va ■ 101 12 6 102 0 0 15/2 43-4(5 4 .. 100 10 0 104 17 15/4/40-49, 4 . . 104 15 0 6 0 15/.V40-52, 4 . . 100 0 0 106 10 30/11 MS. 4 101 15 0 105 15 0 31 /5/54-5S, 4 . . 106 15 0 108 0 0 S.A.C.. 1 /6.'44. 3% 90 10 0 — DEBENTURES Citv of Auckland, 93 1 /(>/f>9. 3 90 0 0 0 0 Auckland Gas, "20 12/4!), 5 . 101 0 0 63 — 0 Ditto (pern.) . . 91 10 0 5