STOCKS AND SHARES

New Zealand Herald, Volume 78, Issue 24102, 22 October 1941, Page 3

STOCKS AND SHARES

THE AUCKLAND EXCHANGE

AUSTRALIAN ISSUES EASE Australian shares suffered a setback on the Auckland Stock Exchange yesterday, the downward turn being in sympathy with weakness in the Sydney market. All the principal leaders were affected, and Broken Hill Proprietary gave way Is 3d in two transactions, closing at 40s 6d, while a reduction of 30s in quotations for Colonial Sugars left buyers unmoved. By contrast, the market for New Zealand scrip remained very firm, and where price changes occurred they were in sellers' favour. Bank of New Zealands made a slow response to the dividend announcement, but a keen demand developed yesterday, and three parcels were taken 3d higher at 40s, at v/lnch price further supplies were sought.

CLOSING QUOTATIONS

Buyers Sellers £sd £ s d BANKS, INSURANCE, AGENCY Bank Australasia S 12 6 —■ Coin. Bank Aus. 0 15 0 Ditto (pref.) . . Com. Bkg. Sydney 17 15 O 8., 8. and A. Bk. 31 ■ 6 ~ Xat. Bank X.Z. . 118 6 119 9 Xat. Bk. A'asia (con.) 5 15 0 Bank X.S.W. 27 15 0 29 0 0 Bank N.Z. ■ • ■ 2 0 0 2 0 6 Ditto (D mort.) . 1 1- 0 Queensland National Union Bank .. 7 4 0 Ditto (London) . ' ' ® Nat. Insurance . 10 0 10 6 N.Z. Insurance . 3 10 3 3 11 0 Queensland . . . 2 12 0 South British .. 3 16 Standard .. .. 3 2 0 Dalgety . . .. 6 5 0 Dom. I. and B. . 019 9 10 3 Goldsbrough-Mort . N.Z. Loan and Merc. 40 0 0 45 0 0 United Bldg. (Ak.) 0 19 9 COAL, GAS, SHIPPING Taupiri Coal (ord.) 12 9 Auckland Gas . . 0 7 4 0 7 7 Ditto (con.) . . 0 2 8 0 3 1 Hud.-Parker (ord.) North. Steam (pd.) 0 -l 4 WOOLLENS, BREWERIES Felt and Textiles 1 17 0 Oamaru (ex div.) . Timaru . . . . 018 6 10 0 Dom. Brew, (ord.) 1 10 6 1 11 9 N.Z. Breweries . . 1 15 6 1 16 6 MISCELLANEOUS A.C.I Aust. Iron (ex div.) (pref.) . . .. 18 0 Booth-Mac. (pref.) .0 5 0 British Tobacco .. Broker. Hill Pty. .2 0 0 2 0 9 Ditto, (new) .. Ditto (con.) ~ Begg .. 0 19 3 Bycroft ■ . • • 2 5 6 Colonial Sugar 50 0 0 53 0 0 Consolidated Brick 0 7 0 0 7 8 Dominion Pictures 0 11 0 Donagliy's Rope (con.) 1 13 0 1 15 0 Electro. Zinc (pf.) Farmers' Trading .116 Ditto (A pref.) .13 9 Gastrell-White .. G. J. Coles .. 3 2 6.3 6 0 1.C.1. (C pref.) .14 0 K.D.V. Boxes .. 0 9 0 O 10 0 McKenzies . .. 2 3 6 Morts Dock . : 0 19 9 10 6 National Pictures . 0 4 6 0 5 6 N.Z. Drug (paid) . 3 18 0 Ditto (con.) .. 2 9 6 N.Z. Fertilizer . . 10 0 110 Ditto (pref.) .. 13 3 N.Z. Refrig. (paid) Ditto (con.) . 0 9 0 0 9 6 Reid Rubber . 17 9 19 0 Ditto (con.) . . 016 3 017 3 Sanford (ord.) . . 0 4 3 0 5 0 Taranaki Oil Fids. 0 4 8 0 5 0 Wilsons Cement . . 0 19 8 10 0 Woohvorths (N.Z.) 0 14 2 0 14 4 Ditto (Syd.) . 0 16 8 0 16 11 Ditto (Ist pref.) 1 19 9 2 1 0 OVERSEAS LISTING Wool-worths Holdings

'South Africa) . 0 16 6 MINING Martha 0 8 3 Una Hill .. .011 014 Waihi Invests. .. 0 4 5 0 4 8 Broken Hill South 17 0 18 0 Emperor . . . 012 3 012 8 Mount Lyell . . 16 9 19 0 Mt Morgan (ord.) 0 8 6 0 8 11 N.Z. GOVT. LOANS Bonds—--15/1/53-57, SV 3 101 15 0 15/2'43-10, 4 . 101 0 0 15/4/16-49, 4 .. 103 0 0 15/6/52-55, 4 . 106 10 0 Rural Bonds, 15/0/47. 4 . . 102 0 0 War Loan, 1/10/53 S7 1 0 0 83 5 0 Do., 1/8/46, 2V, 05 10 0 99 0 0 Do.. 1/8/51-54, 3 97 10 0 Stock—--15/1/56-59, 3% 99 15 0 15/11/57-60, 3/4 99 5 0 lOC 0 0 15/1 /53-57, 3*4 101 15 O 15/2/43-40, 4 101 5 0 10/4/46-49, 4 . 102 15 0 15/5/19-52, 4 . 105 15 0 15/6/52-55, 4 .. 106 15 0 31/5/54-SS, 4 . 107 10 0 10/9'46-4S, 3 . . 97 15 0 S.A.C., 1/6/44, 3Y 4 100 0 0 DEBENTURES A.H.8., 9/7/59 . . 109 10 0 110 10 0 Ditto, 9/7/44 .. 102 0 0 104 0 0 City of Auckland, 1/6/69, 3 , . 01 0 0 05 O 0 Ak. Gas (perp.) . 92 10 0 94 0 0 NEW SHALE OIL PROCESS AUSTRALIAN INVESTIGATION The acute petrol shonage in Australia has produced a crop of ceekers after some suitable substitute. In the opinion of most motorists and transport hauliers, the only real substitute for petrol is petrol. The average user want 3 something that can be poured into his tank which will respond to the touch of a starter. For that reason there has been much interest in the claims of Mr.. Clifford Harney, who, through the patronage of the Lord Mayor of Brisbane, Alderman J. B. Chandler, has developed a new catalytic method for the extraction of oil from shale. Provided Australia hac tho rich shales she is Teputerl to have, and that Harney's process justifies laboratory teste, there appears to be a big future for shale fuel. Hamey s plant includes not only a revolutionary retorting system, but a new cracking method and a new refining technique. Without using the orthodox washes of caustic soda ana doctor dopes, he produces a water clear spirit of high grade. Some shales have yielded, by this method, up to 200 gallons of crude oil a ton, but even the low grade shales giving onlv about 40 gallons to the ton are commercially good because Hamey has retorted these at' the rate of 20 minutes to an hour a. ton. Other methods require from five hours to 21 hours a ton. FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres yesterday were supplied by tno Bank of New South Wales as follows: — October 21 T.T. T.T. Buying Selling NVw York dol to £• • 3.2542 3.2050 Montreal, dol. to £ .. 3 6039 3.5290 Java, fl to £ ■■ •• 6.18/ Manila, pesos to £ 6.559 Hongkong, pence to dol. 18% 19J- 3 - 2 India, pence to rupee .. 22 3-16 -2.U Ceylon, pence to rupee 22 3-16 Singapore, pence to dol. 34 41-64 39-64 S Af £N.Z. £S.A. 100 123 125/5/London, £N.Z. £st. 100 124/7/6 125 Australia, £A. £N.Z. 100 100/10/- 100 Fiji. £F. £N Z. 100 . . 00 88/12/6

QUOTATIONS IN LONDON

LONDON, Oct. 10

Foreign exchange rates arc:—?sew York (dollar) 4.03; Montreal (dollar), 4.45; Switzerland' (fr.), 17.35; India (rupee), 13 Gd; Hongkong (dollar), 15d; Argentine (pesos), 17.013(1; Hongkong (kr.), 16.90; Shanghai 3 1-6 Id.

SIIAREMARKET INDICES London: Fin. Times (1926 equals 100): Govt. Rails Indust. Gold 1910 (high) 111.7 58.0 101.6 -"AO.! 1!MO (low) .. 101.8 31.9 61.1 138.8 October 17 .. 113.9 50.1 96.8 171.5 October 20 . . 111.2 50 5 97.2 1/1.8 New York: Dow Jones (1926 equals 100): — 20 Rails 30 Indust. Shares sold 1010 (high) . 32.67 152.80 1910 (low) .. 22.15 111.84 " October 18 . . 25.19 120.10 300.000 October 20 . . 28.29 120.13 620.000

CALL AND DIVIDEND LIST Dividends— Due

Sth. British —F., 11, plus bonus 6d Oct. 23 N.Z. Guarantee Corp.—iy s d .. Oct. 24 Arahura —Sth. 1/- . . .. •• Oct. 25 Sth. Otago Freezing—s p.c. p.a. .. Oct. 30 La rut Tin—F., Cd st& .. • • Oct. 30 F.rnperor—llth. 6d .. .. Oct. 31 Dr. Tobacco —F., qrtly., pf, 1% p.c. Oct. 31 Macky, Logan—l., 3 p.c Nov. 1 Aus. Iron and Steel—l., pf.. 3% p.c. *ov. 1 Martha- -1., 6d stg. (tax free) .. Nov. l Snowy River —Ist, Od . . . . Nov. 4 Rank Adelaide—l.. 2 p.c. . . . Nov. 5 Komafa Reefs—F., 3d stg. (tax free) Nov 14 A.C.1.—1., pf.. 4% p.c.; ord. and con., 3 l / a P-C- . . ■ • • • No v - 26 Nat. Bank A'asia—l., 3 p.c. .. Nov. 26 Bank N.Z.—I., ord., 3y 4 p.c.; D mort., 7Va p.c. p.a.. less sec. taxes Dec. 6

Calls— Broken Hill Pty.—con., 5/- .. Not. 29