SHARE MARKET

Southland Times, Issue 23288, 26 August 1937, Page 3

SHARE MARKET

INVERCARGILL STOCK EXCHANGE STRONGER DEMAND FOR BANKING SCRIP There was a better tone on the Invercargill Stock Exchange at the callover yesterday. Bank of New Zealands were firmer and there was also a stronger demand for other banking lines. Quotations were as follows:— Government Debentures

NORTHERN EXCHANGES SALES ON ’CHANGE Airrirr.ANn

SYDNEY STOCK EXCHANGE DECLINE IN VOLUME OF BUSINESS (Received August 25, 9.20 p.m.) SYDNEY, August 25. There was a considerable decline in the volume of business on the Stock Exchange today. Sales were: £ s d

MELBOURNE SALES On the Stock Exchange the turnover was limited and fluctuations were narrow. Sales were:

FOREIGN EXCHANGES (British Official Wireless) (Received August 25, 6.30 p.m.) RUGBY, August 24. The following mean closing rates of foreign exchange were quoted today com-

NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, announces the following rates of foreign exchange on a New Zealand currency basis: on Buying Selling

Buyc £ s rs d £ 2iie s rs d Stock, 31 p.c., 102 10 1938-43 0 — Stock, 31 p.c., 1938-52 102 10 0 — Stock, 31 p.c., 1939-43 102 10 0 — Stock, 3| p.c., 102 10 1939-52 0 Stock, 4 p.c., 1946 102 15 0 — Bonds, 4 p.c., 1946 102 15 0 — Stock, 4 p.c., 1949 104 15 0 — Bonds, 4 p.c., 1949 104 15 0 Stock, 4 p.c., 1955 104 15 0 Bonds, 4 p.c., 1955 104 15 0 Banks Commercial 0 17 9 0 18' 0 Commercial, pref., 4 p.c. (cum.) 9 6 0 — National of Australasia — 7 10 0 National of New Zealand 3 0 0 — New South Wales 34 15 0 New Zealand 2 4 9 — Union of Australia 9 17 6 10 2 0 Breweries Dunedin Brewery Co. 1 9 0 — N.Z. Breweries 2 9 9 2 10 3 Staples’s Brewery 2 13 3 — Tooth’s Brewery ■ 2 15 6 Coal Kaitangata 1 3 0 — Westport Coal 1 4 6 — Insurance National 0 18 0 — Standard 2 18 6 Loan and Agency N.Z. Loan and Mer cantile — 44 0 0 Southland Farmers Co-op. 4 15 0 — Trustees’ Executors (Dunedin) 3 15 6 — Wright, Stephenson (ord.) 1 4 0 (pref.) 1 1 0 1 2 0 Meat Companies N.Z. Refrigerating 0 19 (20/- paid) 8 — (10/- paid) 0 9 8 Southland Frozen Meat (ord and pref.) 4 2 6 1 — South Otago Freez ing Co. 9 15 0 — Shipping Huddart-Parker 2 3 0 — Union Steam Ship Co. (pref.) 1 6 4 - ■- P. and O. Stock 1 17 0 2 1 0 Woollen Mills Bruce (pref.) 1 1 6 — Kaiapoi (cont.) 0 5 3 — Mosgiel 10 3 6 — Oamaru - 0 19 3 Miscellaneous Australian Glass 4 15 0 4 16 6 Broken Hill Pty. 4 3 9 — British Tobacco (Aust.) 2 11 0 ■ G. J. Coles 4 17 9 4 19 0 D.I.C. (pref.) 1 4 0 — Dominion" Fertilizer 1 4 9 1 5 b Dominion Investments 1 19 0 Dunlop Rubber (Aust.) 1 3 6 1 4 0 Hume Pipe (Aust.) — 1 1 4 Milbum Lime and Cement 2 3 0 — N.Z. Drug 3 14 0 — N Z. Guarantee Cor poration 0 4 11 0 5 2 N.Z. Paper Mills 1 6 9 1 7 6 Otago Daily Tunes 2 5 6 — Wilson’s (N.Z.) Cement 1 2 0 ——- Woolworths (N.Z.) ■ - 5 5 0 Shillings, Ltd. — 0 19 9 Mining Broken Hill South 2 9 6 2 10 0 Big River — 0 1 7 Electrolytic Zinc 6 (ord.) 3 0 (pref.) ■ 3 1 3 Gillespie’s Beach — 0 1 5 Mount Lyell 2 4 0 — Mount Morgans 0 11 4 — Skippers 3 18 0 0 4 North Broken Hill 0 — — Rawang Tin 0 12 6 — Unlisted Woolworths (Sydney) 6 9 0 — Selfridges 1 15 0 J. R. McKenzies Departmental Stores 4 6 0 — Sale Reported Bank of New Zealand 2 5 0

AUCKLAND £ s d Stock 1952-55 4p.c. 105 5 0 Auckland Harbour Board 1960 4% p.c. 108 10 0 Whangarei Borough 1948 4’A p.c. 105 0 0 N.Z. Insurance 3 4 0 Farmers' Co-op. Auctioneering (£5 paid) 4 12 0 Auckland Gas 1 1 7 Northern Steam 3 11 Taupo Totara 7 0 Broken Hill Propty. 4 4 0 do. 4 3 9 Consolidated Brick 8 4 G. J. Coles • 4 17 6 N.Z. Drug 3 14 3 N.Z. Paper Mills (odd lot) 1 6 9 Woolworths (N.Z.) 5 2 0 Unofficial N.Z. Perpetual Forests 2 2 6 Rayneon 1 1 6 WELLINGTON £ B d N.Z. Insurance (Tues.) 3 4 0 Tooth and Co. (Tues.) 2 15 0 Taranaki Oil (Tues.) 5 1 N.Z. Guarantee Corporation 5 0 Auckland Gas 1 1 7 National Insurance 18 2 Broken Hill Propty. 4 3 9 Colonial Sugar 48 10 0 Burns Philp (rights) (2) 1 16 0 Taranaki Oil 5 1 Kandos Cement 1 5 2 Mytton's Limited 1 15 0 Mount Morgan 11 5 Overseas Listings Woolworth’s Holdings 15 11 CHRISTCHURCH « £ s d N.Z. Government 4 p.c. Inscribed 1943-46 103 0 0 N.Z. Guarantee Corporation 5 0 do. (2) 4 11 British Tobacco (2) 2 11 3 Broken Hill Propty. (2) 4 3 9

Consolidated Brick 8 5 Electrolytic Zinc (pref., cum. div.) 3 0 1 G. J. Coles 4 17 6 do. 3 17 3 do. (2) 4 17 6 Hume Pipe (Aust.) (2) 1 1 1 Mason Struthers (£1 paid) 16 0 Shillings Ltd. 19 3 Grey River (G/3 paid) G 9 do. (2) 6 10 Broken Hill South (3) 2 8 11 Mount Lyell 2 3 10 Mount Morgan (2) 11 5 Rawang Tin 12 6 Sales Reported North Canterbury Electric 4>,4 p.c. 1948 105 0 0 Commercial Bank of Australia (Tues.) 17 11 Broken Hill Propty. (3) 4 2 9 do. (2) 4 2 10 Hume Pipe (Aust.) 1 1 0 Colonial Sugar 48 15 0 N.Z. Drug 3 14 9 Mount Morgan 11 6 Mossy Creek 9 Unlisted Woolworths (Syd., ord.) 6 10 0 Sale Reported Westland Breweries 1 17 0 DUNEDIN £ s d Broken Hill Propty. 4 3 10 Wilson’s Cement (2) 1 2 3 Sales Reported National Insurance (Tues.) 18 3 N.Z. Drug (Tues.) 3 14 3 Nokomal 2 3 Huddart Parker (ord.) 2 3 0 Broken Hill Propty. 4 4 0 British Tobacco 2 11 3 Hume Pipe 1 1 2 N.Z. Farmers’ Fertilizers 1 1 0 Wilson’s Cement 1 2 10 Mount Lyell (2) 2 3 9 Grey River Gold 6 9 Woolworths (Syd.) 6 10 0 Broken Hill South (after call) 2 9 1

Colonial Sugar 48 15 0 Commercial Bank of Sydney 21 15 0 Commercial Bank of Australia 18 0 National Bank (£10 paid) 14 18 0 United Insurance 10 17 0 Associated Newspapers (ord.) 1 4 0 do. (pref.) 1 4 3 Huddart Parker (N.Z. delivery) 2 4 3 Australian Gas (A) 7 6 0 Berlei 2 0 3 Tooth's Brewery 2 16 3 Toohey's Brewery 1 13 3 Australian- Glass (N.Z. delivery) 4 17 0 Dunlop Perdriau Rubber 1 3 9 Wilcox Mofflin 14 4 Millaquin Sugar 1 17 6 Electrolytic Zinc 3 0 6 do. (pref.) 3 0 9 David Jones 2 1 6 Anthony Hordern 19 3 Standard Cement 17 6 Mount Morgan 11 3 Broken Hill Propty. 4 5 0 South Broken Hill 2 9 3 North Broken Hill (N.Z. delivery) 3 19 0 Rawang Tin 12 9 W. R. Carpenter 2 7 9 Peters 2 16 0 Woolworths (2nd pref.) 1 8 0 Taranaki OH 5 0 Gordon and Gotch 2 13 6

£ s d National Bank (£5 paid) 7 7 0 British Tobacco 2 11 9 G. J. Coles 4 18 3 Drug Houses of Australia 1 5 7>z' 2 Australian Iron and Steel (pref.) 1 7 9 Cox Brothers 1 2 3 Felt and Textiles 2 2 6

pared with par:— Par Today Paris, fr. to £ 124.21 132 53-64 New York, dol. to £ 4.886 4.98 21-32 Montreal, dol. to £ 4.886 4.98 11-16 Brussels, belgas to £ 35 29.611/2 Geneva, fr. to £ 25.221 21.71% Milan, lira to £ 20.43 94% Berlin, rmk. to £ 20.42 12.40 Copenhagen, kr. to £ 18.159 22.40 Oslo, fr. to £ 19.159 19.90 Vienna, schgs. to £ 34.585 261'2 Prague, kr. to £ 34.585 143 3-16 Helsingfors, m. to £ 103.23 226% Madrid, pesetas to £ 25.15 — Lisbon, escudos to £ 110 110 3-16 Athens, dr. to £ 875 54754 Bucharest lei to £ 318.6 670 Belgrade, dinars 275.31 217 Rio de Janeiro, p. to milreis 8.892 4% Buenos Aires, p. to dol. 45.577 — Montevideo, p. to dol. 57 39% Bombay, p. to rupee 10 18%

London — £N.Z. to £stglOO T.T. 124 124/10/O.D. 123/10/ 124/8/9 Australia— £A to £100 N.Z. . T.T. 101 100/10/O.D. 101 100/10/Fiji— £F to £100 N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— Dollars to £1 N.Z. T.T. 4.0328 3.9958 O.D. 4.0428 3.9998 Montreal — Dollars to £1 N.Z. T.T. 4.0317 3.9968 O.D. 4.0442 4.0008 Austria— Schillings to 21 N.Z. T.T. —— 20.90 O.D. — 20.91 Belgium— Belgas to £1 N.Z. T.T. —— 23.657 O.D. — 23.668 Czechoslovakia — Crowns to £1 N.Z. T.T. — 114.02 O.D. —— 114.07 Denmark — Kroner to £1 N.Z. T.T. 18.203 17.893 O.D. 18.263 17.899 France— , Francs to £1 N.Z. T.T. — 105.90 O.D. —— 105.94 Germany— Reichmarks to £1 N.Z. T.T. 9.892 O.D. —- 9.897 Holland— Florins to £1 N.Z. T.T. —— 7.213 O.D. — 7.217 Italy— Lire to £1 N Z. T.T. 75.97 O.D. —— 76.02 Java— Florins to £ 1 N.Z. T.T. — 7.190 O.D. — 7.194 Norway— Kroner to £1 N.Z. T.T. 16.182 15.892 O.D. 16.242 15.898 Sweden — Kroner to £1 N.Z. T.T. 15.876 15.491 O.D. 15.846 15.497 Switzerland— 17.357 Francs to £1 N.Z. T.T. O.D. — 17.362 Noumea — Francs to £1 N.Z. T.T. —— 105.15 O.D. —— 105.19 Papeete— 105.10 Francs to £1 N.Z. T.T. — O.D. — 105.14 Hong Kong— N.Z. pence to 1 dollar T.T. 18 25-i 4 18 53-64 O.D. 18 23-64 18 53-64 India and Ceylon— N.Z. pence to 1 rupee T.T. 22% 22 21-32 O.D. 22 11-1 2 22 21-32 Japan— N.Z. pence to 1 yen T.T. — 17% O.D. —— 17% Shanghai— N.Z. pence to 1 dollar T.T. — —— O.D. — — Singapore— N.Z. pence to 1 dollar T.T. 34 23-32 35 13-64 O.D. 34% 35 13-64 Manila— N.Z. pence to 1 peso T.T. 29 49-64 30 17-64 O.D. 29 4354 30 17-64