STOCKS AND SHARES
THE AUCKLAND EXCHANGE QUIET CONDITIONS RULE Quiet conditions persisted on the Auckland Stock Exchange yesterday and price movements showed a rather irregular trend. Insurances maintained their strength, and there was a further forward move in New Zealand Insurance. The dullness of Australian stocks continued, although more inquiry for Broken Hill Pty. checked the decline in these shares. Colonial : Sugars were quoted ex dividend, but no announcement has yet been made, while Wool worths (Sydney) suffered a sharp 1 setback on sale at 16s 4d. CLOSING QUOTATIONS Buvcrs Sellers £ s d £ S '1 BANKS, INSURANCE, AGENCY Bank A asia . . 8 12 0 Coin. Bank Aus. 014 9 015 4 Ditto (pref.) .. Com. Bkg. Sydney 17 15 0 - Nat. Bank N.Z. 118 0 2 O O Nat. A'asia (paid) 11 15 0 Ditto (con.) . . 515 0 Bank N.S.W. . . 28 O 0 Hank New Zealand 2 0 0 2 <> 6 Ditto (D mort,) 1 10 0 1 12 3 Queensland Nat. . Union Bank . . 7 4 0 —- Do. (London, reg.) National fns. 10 0 11 <> New Zealand Ins. 310 3 311 0 Queensland Ins. . . 2 12 0 South British Ins, 3 1 6 Standard Ins. 3 2 0 —■ F.A.C. <cr, paid) 4 9 0 (loldsbroiich Mori . Newton King (pf.) 012 0 013 0 N.Z. Guarantee . . O 2 0 <> ■'< 0 N.Z Loan A Mere. 40 0 0 1 1 0 o Trad. Kin. (con.) 0 2 10 <» 3 2 I'nited P.B. (Ak.) 0 lit 0 COAL, GAS, SHIPPING Viikcmiro Coal 017 6 Taupiri (ord.) .. i 2 o Wesdport (io/- f.p.) i 4 9 West .-Stork, (ord.) 0 2 8 0 3 O Auckland Gas . . 0 7 3 0 7 fi Ditto (eon.) 0 2 8 o 3 l flu/1. -Parker Cord.) Northern Steam .. 0 4 fi Ditto (eon.) 0 O 8 0 0 10 P. anil 0. (def.) 1 10 0 TIMBER, WOOLLENS, BREWERIES Kauri Timber . . 13 0 Levland - O'Brien O Mi 0 Bonds Hosiery .. 1 10 0 Kaiapoi (paid) .. 0 17 0 018 0 Oarnarn . . .. 12 3 13 6 Ttmaru .. .. 018 8 018 6 Doni. Brew, (ord.) 1 10 0 1 11 0 New Zealand Brew. 1 16 (> 1 16 3 MISCELLANEOUS Alloys Steel (N.Z.) 1 12 6 A.C.I. . . . . 2 0 O 2 0 0 Aus. Iron (pref.) ISO 19 6 Aus. Paper (prof.) 1 6 O 1 7 o British Tobacco . . 'J 7 0 Broken Hill Pty. 2 10 2 1 6 Bycroft . . 2 6 o ■_• ss o Col. Suirar (ex div.) 50 0 0 63 0 0 Cod. Brick .. 0 7 0 0 8 0 Dunlop Rubber .. ' •"• o Electro. Zinc (pf.) Farmers' Trading . 116 12 0 dear Meat . . 0 11 9 —- (r. J. Coles . . 3 2 0 3 6 0 H.M. Arcade (pref.) 010 0 016 0 McKcnzies . . 2 3 6 N.Z. Drug: .. 4 0 0 4 0 9 Ditto (con.) . . 2 0 6 N.Z. Farm. Fert. 1 0 0 110 Kcid Rubber .. 18 0 1 9 3 Ditto (con.) . . 016 6 017 6 Selfridgcs (A'asia) Taranaki Oil Dev. 0 3 i) Taranaki Oil Fields 0 4 B 0 5 1 Wilsons Cement . . 0 10 <» —- Wool worths (N.Z.) 0 1-1 3 Oil i Ditto (Syd.) .. 016 r. 017 0 Ditto (Ist pref.) . 1 10 9 MINING Barry town .. 0 0 0 0 12 0 Martha .. .. 0 8 3 [tna Hill . .. 0 1 1 o 1 5 Waihi Invests. .. 0 4 5 0 4 10 Kmperor . . - 012 3 012 8 Mount Lyell l 6 9 1 8 0 Mt Morgan (ord.) 0 9 0 Rnwang (10/. f.p.) 0 8 0 0 0 0 Sulphide Corpn. . . 0 5 0 0 i 0 N.Z. GOVT. LOANS Bonds — 15'1/53-57, 3% . 102 0 0 15/2/43-46, 4 . . 101 5 0 15 1 16-40, 4 . . 103 0 0 15/6.52-55, 4 .. 106 15 0 Rural Bonds — 15/0/ 17 4 102 O O War Loan'. 1/10/53 87 15 0 88 5 0 Do. 1/8/16. 2Va 06 0 0 99 0 0 Insrribrd Stock — irWl/50-50, 3", . 100 oo 150/57-00 :!' 4 . 00 5 O 100 0 0 15/1/53 57,' W/i . 102 0 0 15/2/43-46, 4 . . 101 5 0 15/4/46-49, 4 . . 103 0 0 15/5/49-52, 4 . . 106 0 0 15/6/52-55, 4 .. 106 15 O 31/5/51-58, 4 .. 107 10 O 15/0/46-48. 3 . . 07 15 O S.A.C.. 1/6/44, 3 1 i 100 0 0 DEBENTURES Aurk. Harbour Bd., 0/7/44 . . 102 O 0 lot 6 o Anck. Gas (perp.) 02 10 0 05 0 0 VALUE OF LARGE FIRMS CREATION OF EMPLOYMENT The value of large public companies to the community was emphasised by Mr. C. Lloyd Jours i: an address at the annual meeting of David Jones. Limited, in Sydney. He said big companies paid much of the taxes and created most of the job.;. The public should bo a ware of the usefulness of such companies, without which the standard of living would' fall. "Biff companies well administered," said Mr. Lloyd .Tones, "are an asset and an advantage* to the economic ami social life of to-da\ and Ihev form a means of investment for the thrifty. Such companies are dedicated to service, and not to excessive profit-taking. FOREIGN EXCHANGE Closing telegraphic rales for purchases and sales of foreign exchange Auckland on overseas centres yesteidav were supplied by the Bank of New South Wales as follows: — October 23 T.T. T.T. Buying Selling New York. dol. to .C .. 3.2512 3.2050 Montreal, dol. to £ . . 3.0039 3.5200 Java. ft. (0 f . . 0-187 0.004 Manila, pesos to £ ■ . 6.55!) 6.1 12 HmiKkonK. pence to-dol. 18% 10 1-32 India, pence to rupee .. 22 3-16 22' 4 Ceylon, penee to rupee 22 3-16 22% Singapore, pence to dol. 3141-01 35 311-04 B. AC. .tN.Z. IS.A. 100 123 125/5/London CN.Z. Cst. 100 121/7/6 125 Australia, .(.'A i'X Z. 100 100/10/. 100 Fiji, i [<". ,tX./, 100 00 SS/12/G QUOTATIONS IN LONDON LONDON. Oct. 22 Foreign exchange rales are: —New York (dollar) 4.03; Montreal (dollar), 4.15; Switzerland' (fr). 17.35; India (rupee). Is (id; Hongkong (dollar), Isd; Argentine (pesos), 17.013 d; Stockholm (kr), 16.00; Shanghai. 3 1-6 Id. SHAREMARKET INDICES London: Fin Times (1020 equals 100): Govt. Hails [ndust. Gold HMD (high) . I 1 1.7 55.0 101.(1 2(10.1 IHIII (h)W) . . 101.8 31.0 01.1 13SS.S October 21 .. I 1 1.3 511 07.7 1 72 5 October 23 . . 1 I 1.4 50.0 98.1 172.7 Nf;w York; Dow Jones (111211 equals 100>:~•20 Hails 30 [nrlnst. Shares sold into (high) . 32 07 152 so |!(|0 HOW) . . 22.15 1 1 1.84 October 20 2--20 120 1:! 620.000 October 21 .. 28.54 121.07 580.000 October 22 .. 25.5S 120.56 .190,000 MINING RETURNS Snowy Hiver (West Coast).—lSO'/jOZ. from 32,800 vards Wellington Alluvials (New South Wales).— lloooz. from 225.n00 yards. Operations havo been suspended owing to a breakage in the ladder mechanism Heoairs are expected to occupy about a fortnight. PIG INSPECTION FEE [n\* TKf.EOHAPH —I'RKSS ASSOC! Al lON ] WFLLINOTON, Thursday The inspection fee of id a pig for animals slaughtered in abattoirs or freezing works is Io lie increased by Id under an amendment to the Meal. Regulations, 1040, issued tonight. Or the original 4d previously collected half was set aside for a special fund to provide an instruction and advisory service for the development, of the pig industry by the setting up of a national pig industry council and district councils. The revenue, however, was found to be insufficient for this purpose and the inspection fee has been increased by Id so thai additional revenue can lie made available for the benefit of the industry through the organisations referred to. FERTILISER REGULATIONS [llV TIvLEOIUPII I'HKSS AKNOCIA HON ] WELLINGTON, Thursday Amended fertiliser regulations issued with to-night's Gazette increase the limit of error allowed vendors in respect of the certified percentage of soluble phosphoric acid present in superphosphate to 1.15 per cent. This has been done as a temporary wartime measure because a substantial proportion of lover crude phosphate is being received for manufacture.
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New Zealand Herald, Volume 78, Issue 24104, 24 October 1941, Page 3
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1,300STOCKS AND SHARES New Zealand Herald, Volume 78, Issue 24104, 24 October 1941, Page 3
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