CHRISTCHURCH STOCK EXCHANGE

Timaru Herald, Volume CXLII, Issue 20531, 24 September 1936, Page 7

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY’S QUOTATIONS Special to "The Timaru Herald." CHRISTCHURCH, September 23. The following quotations were ruling when the Stock Exchange closed this afternoon:—

All transactions in stocks quoted in this section are subject to a different rate of brokerage from listed stocks, and are not quoted on the official list Buyers. Sellers. £ s. d. £ s. d. Andersons, Ltd. (pref.) 0 16 3 0 19 6

AUCKLAND Sales on 'Change AUCKLAND, September 23.

AUSTRALIAN STOCK EXCHANGES United Press Association —By Electric Telegraph—Copyright (Received September 23 , 8.40 p.m.) SYDNEY, September 23. A strong tone, particularly among industrials, was reflected in higher prices for investments on the Stock Exchange

METALS MARKET United Press Association—By Electric Telegraph—Copyright (Received September 23, 10 p.m.) LONDON, September 22. Metal quotations:

EXCHANGE RATES United Press Association—By Electric Telegraph—Copyright (Received September 23, 5.5 p.m.l LONDON, September 22. Closing rates on London: U.S. dollar, 5.06/; French franc, 76 15-16; Java florin. 7.43. PRICE OF GOLD I United Press Association—By Electric Telegraph—Copyright (Received September 23, 5.5 p.m.l LONDON, September 22. Gold Is quoted at £6/17/44. COLOMBO TEA AUCTION By Telegraph—Press Association DUNEDIN, September 23. The following cabled report on the Colombo tea auction of September 22 has been received: “Common kinds remained about steady at last week’s rates, while quotations for medium and good quality teas eased, and at the close of the auction were id to Id lower. At next week’s sale 1,250,0001 b will be auctioned.” MT. MORGAN COMPANY By Telegraph—Press Association WELLINGTON, September 23. The Stock Exchange has received advice from Mount Morgan, Limited, amending the cable issued yesterday. The message adds: “Although the heavy capital expenditure involved in the erection of the oxidised ore plant and other scheduled reorganisation has been provided for, the directors deem it prudent and in the interests of the shareholders to refrain from giving consideration to the declaration of the usual interim dividend until the new plant is operating at capacity.” NEW SHIPPING COMPANY Montreal, Australia, New Zealand Line, Ltd., has been registered as a private company. The following are the names and addresses of the persons in New Zealand authorised to accept service of process and any notice required to be served on Montreal, Australia, New Zealand Line Ltd., a company incorporated in Canada with its established place of business in New Zealand at Maritime Building, Ballance Street, Wellington: C. M. Turrell, W. E. C. Gregory, A. D. Bayfield, all of Wellington, shipping managers. Capital: 500,000 dollars in 5000 shares of the par value of 100 dollars each. Objects: To own, maintain, design, build, etc., or otherwise deal with steam, motor or other ships and incidental. NORTH BROKEN HILL An appreciable increase in the output from the mine of North Broken Hill, Ltd., is foreshadowed by the announcement made in Melbourne last week that a new treatment mill will be installed by the company. The capacity of the new treatment plant, plans for which are about to be prepared, has not been disclosed, but it is understood that it will be in excess of the plant at present in operation. The present plant has a capacity of from 35,000 to 40,000 tons a month. Sections of it will be incorporated in the design of the new plant. The announcement is bound to evoke interest from investors. North Broken Hill, which in 1935 milled 396,175 tons of ore is one of the most important of the Barrier group of companies. Interest in the shares of this group has been stimulated in recent months by the rise in the price of base metals particularly lead. The company has lately lifted its quarterly dividend from 3/6 to 5/- per share, making the total distribution for the last 12 months, 15/6 per share or 775 per cent. The shares are £1 each, fully paid. ' LONDON MARKETS The Department of Agriculture has received the following cablegram, dated September 19, from the High Commissioner for New Zealand, London:— Tallow: Auctions will be held on September 23. Market continues quiet; values about unchanged. Hemp: Manila, market quiet, inclined easier; values have declined. Sep-tember-November shipment £26/5/-. Stocks in London September 1, 11,917 bales against 11,944 same time last year. Sisal: Market quiet bu steady. Sellers, September-November shipment, £27; January-March shipment £27/2/6. New Zealand, demand slow; very small business done in common first hand at £lB. Stocks in London September, 69 tons against 21 tons same time last year. Eggs: Market steady; prices slightly higher. English, national pack, 14/6 to 19/6; Danish, 131 b to 161 b per long hundred, 11/3 to 13/3; English ordinary pack, 15/6 to 16/-. LONDON WOOL SALES The National Mortgage and Agency Co. of New Zealand Ltd., report having received the following cable from their London office in connection with the series of sales which are now proceeding : Auctions are proceeding with great spirit. Catalogues are being well cleared, market has developed a better tone since opening particularly crossbreds, medium and course, which are Id to Jd dearer. The following prices are current: Super merino 1/44 to 1/55; average merino 1/2 to 1/3; halfbred super 56/58 1/2 to 1/3; average 56/58 1/1 to 1/2; super 50/56 114 to 1/04; average 50/56 lid to Hid; coarse sup. 48/50 104 to lid; average 48/50 lOd to 104 d; fine crossbred sup. 46/48 9Sd to lOid; average 46/48 91d to 10d; medium crossbred sup 44/46 9id to lOid; average 44/46 Old to lOd; coarse crossbred sup. 40/44 9Jd to 10d; average 40/44 Old to 9Sd; low crossbred super 36/40 Old to lOd; average 36/40 91d to 9?d; pieces 71d to 8d; bellies 61d to 7d;

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Stock3 it p.c. Inscr., 1941 102 0 0 — 4 p.c. Inscr., 193740 101 15 0 — 4 p.c. Inscr.. 194346 104 0 0 104 10 0 4 p.c. Bonds, 193740 101 15 0 102 0 0 4 o.c Bonds, 194346 104 0 0 104 10 0 4 pc. Bonds, 19464t 105 5 0 — Municipal Debs.— 41 p.c. Ashburton Electric .... — 07 10 0 41 p.c. North Cant. Hospital, 1947 . 106 0 0 06 5 0 Banks— Comm, of Aust. . . 0 18 3 0 18 4 Comm, of Aust. tpref.) 9 0 0 9 4 0 Comm, ot Sydney . 19 7 6 19 16 0 E. S and A 5 15 0 5 17 0 National of A’asia. (£10 paid) . . . 14 0 0 — National of A’asia. (£5 paid) . . . 6 19 6 7 0 6 New South Wales 32 5 0 32 15 0 Nev,- Zealand . . . —— 1 19 0 Union 9 9 0 9 10 6 Insurance — National 0 18 4 0 18 10 New Zealand . . . 3 1 0 3 2 2 Standard — 3 1 0 Loan & Agency— Dalgety and Co. . 8 16 6 9 5 0 Goldsbrough Mort. 1 13 4 1 13 8 Permanent Investment 9 0 0 10 5 0 United Building Society .... — 1 0 9 Shipping— Huddart Parker —— 1 15 6 P. and O. Deferred Stock 1 11 0 1 12 3 Frozen Meat— Gear — 0 18 6 N.Z. Refrigerating (£1 paid) . . . 0 19 2 0 19 6 N.Z. Refrigerating (10/- paid) . . 0 9 3 0 9 4 North Canterbury Freezing .... — 1 17 0 Woollens— Kalapol (17/- pd.) 0 14 6 0 15 4 Kaiapoi (7/- paid) — 0 6 3 Oamaru — 1 1 6 Coal— Westport-Stockton 0 1 6 0 1 10 Westport-Stockton (pref.) ..... 0 2 11 0 3 3 Gas— Christchurch . . . — 1 9 0 Christchurch (10/paid) . ... . 0 14 9 Breweries— New Zealand . . . 2 12 5 2 12 6 Timaru 0 2 9 0 3 2 Tooths 2 16 3 2 16 6 Miscellaneous— Amalg. Wireless 1 19 3 2 0 0 Anthony Hordern 0 18 6 0 18 8 Australian Glass . 4 12 6 4 12 11 Aust. Iron Ar Steel (pref.) 1 6 0 1 6 1 Beath and Co. . . —— 1 4 0 British Tobacco 2 3 0 2 3 9 Broken H!U Propty 3 15 10 3 16 0 Broken Hill Propty (contrlb.) . . . 2 16 10 2 17 5 Colonial Sugar . . 42 15 0 43 0 0 Consolidated Brick — 0 7 6 Dom. Fertiliser 1 3 0 1 4 0 Dunlop Rubber . . 0 18 3 0 18 5 Electrolytic Zir.c (ord.) . . 2 3 10 2 4 0 Electrolytic Z i u c ipref.) .... 2 5 1 2 5 8 Evans Atlas Flour — 1 7 6 G. J Coles .... 4 2 0 4 2 5 General Industries 0 19 1 0 19 5 Millaquin Sugar . 2 2 0 2 3 0 Hay's, Ltd 0 14 6 — Kauri Timber . . 1 4 1 1 4 6 New Colosseum 1 18 0 1 19 0 Milburn Lime . . — 2 1 9 Morts Dock . . 0 11 6 0 11 11 National Electric . 0 13 7 0 14 0 N.Z. Drug Co. . . 3 13 0 — N.Z. F a r m e r s’ Co-op. (1st pf.) 3 14 6 3 16 0 N.Z. Pa r m e r s’ Co-op. (A pf.) . 2 5 0 2 10 0 N.Z Far me rs’ Co-op. (B pf.) . 2 2 6 — N.Z P a r m e r s’ Co-op <44 p.c. Stock, 1940) . . 91 12 6 93 0 0 N.Z F a r m e r s’ Co-op. (44 p.c. Stock. 1939) . . 91 15 0 92 0 0 N.Z Newspapers . 1 19 6 1 19 11 N.Z. Paper Mills . 1 6 0 — Procera Bread lord.) — 1 10 0 Quill Morris <1936) 0 17 9 0 18 3 Whitcombe and Tombs —— 3 3 0 Wilcox Mofflin —— 0 12 6 Woolworths (N.Z.) ord 4 16 6 5 2 0 Cash Order . . . — 1 3 4 Mining— Addison's Flat . . — 0 1 8 Alexander ... 0 10 0 0 12 2 Alexander (15s paid) — 0 13 9 Antonio's .... 0 0 41 0 0 64 Aotearoa — 0 0 6 Argo 0 1 7 0 1 8i Bendigo 1 8 0 1 10 0 Big River .... 0 1 3 0 1 11 Blackwater . . . — 1 14 0 Brian Boru . . . — 0 0 6 Glenroy 0 1 4 — Golden Dawn . . 0 2 0 —— Golden Sands . . 0 2 0 0 2 9 Lawson’s Flat . . . 0 0 4i 0 o iii Mahaklpawa . . . 0 0 12 0 0 2.1 Maori Gully . . . 0 0 6i 0 0 74 Mossy Creek . . 0 1 2 0 1 4 Nen.ona . . 0 1 6 0 1 8-i Mining House Concession 0 0 2 0 0 31 Okarito 0 3 5 0 5 0 Skippers 0 0 34 0 0 Waimumu .... 0 0 44 0 0 8i Waitahu .... — 0 2 0 Australian Mining Mount Lyell . . . 1 9 5 1 9 7 Mount Morgan . . 0 13 0 0 13 1 Rawang Tin . . . 0 9 5 0 9 6 Upper Watut . . 0 3 9 — Unlisted Stocks

Macetown .... 0 0 li 0 0 3 National Tobacco . 3 3 0 3 5 3 New River .... 0 0 6 0 0 8J Self ridges (A asiai 1 6 9 1 8 0 Shillings, Ltd. . . 0 17 0 0 18 0 Were's Investment Trust 0 5 8 0 6 3 Westland Breweries 0 0 11 0 1 2 Woolworth's, Ltd. 5 5 6 5 6 0 South Sea Fishing 0 8 6 —

£ s. d. Bonds, 15/6/55, 4 p.c 105 15 0 Stock, 15/1/40, 4 p.c 101 15 0 Stock, 15/6/55, 4 p.c 105 15 0 Newmarket, 1/6/43, 4i p.c. 104 7 f6 Comm. Bank of Aust, (odd lot), pref 9 0 0 South British Insurance .. 4 9 3 New Zealand Breweries .. 2 12 3 Tooth’s Brewery 2 16 4 Australian Glass 4 12 3 British Tobacco 2 3 3 Broken Hill Proprietary .. 3 15 6 Broken Hill Proprietary (rights) 0 2 0 0 2 1 Consolidated Brick 0 9 6 Dunlop Perdriau 0 18 4 Electrolytic Zinc (pref.) (2) 2 5 0 N.Z. Refrigerating (10/paid) 0 9 3 Wilson’s Cement 1 16 6 Mt. Lyell 1 9 6 Mt. Morgan 0 13 2 Unofficial List Selfridges (A’asia) 1 7 6 Were’s Rights 0 0 10 WELLINGTON Sales on 'Change WELLINGTON, September 23. £ s. d. Tooth and Co 2 16 5 Dominion Breweries .. .. 1 12 0 Dunlop Perdriau C 18 2 (All late Tuesday) Inscr. Stock, 1946 105 15 0 G. J. Coles 4 2 9 Electrolytic Zinc 2 4 0 Tooth’s Brewery 2 16 6 Woolworths (N.Z., ord.) 5 1 0 Mount Morgan (2) .. .. 0 13 1 Unofficial List. Woolworths (Syd.) .. .. 5 7 0 (2) 5 6 0 CHRISTCHURCH Sales on ’Change CHRISTCHURCH, September 23. £ S. d. 200 Mount Morgan 0 13 1 100 Amalg. Wireless (cont.) 1 19 9 200 Commercial Bank of Aust. 0 18 3 100 N.Z. Breweries (2) .. 2 12 6 750 Maori Gully 0 0 64 1000 Skippers 0 0 03 400 Dunlop Rubber (cum div.) 0 18 1 100 Upper Watut 0 3 0 50 Standard Insurance .. 3 0 6 Sales Reported. 100 National Electric- .. .. 0 13 9 25 E., S. and A. Bank .. 5 15 6 300 Electrolytic Zinc (pref.) 2 5 6 Unlisted Stocks. 95 Woolworths (Syd., ord.) 5 6 0 400 White’s Electric 0 0 9 DUNEDIN Sales on ’Change DUNEDIN, September 23. £ s. d. E., S. and A. Bank 5 16 0 McLeod Bros 32 0 0 New Zealand Paper Mills (late Tuesday) 1 7 0 Waipapa Beach (late Tues.) 0 0 8

to-day. Sales:— Bank of New South Wales .. £ s. d. 33 7 6 Queensland National Bank 5 2 6 Mercantile Mutual Ins. . . 1 12 6 Associated News 1 3 3 Automatic Totes 1 0 3 Huddart Parker 1 16 0 British Tobacco 2 4 0 Tooths 2 16 9 Tooheys 1 12 9 Amalg. Wireless (contr.) (N.Z. Delivery) 2 2 0 Largents 1 8 9 Mauri Brothers 3 6 0 Millaquin Sugar 2 2 6 Electrolytic Zinc 2 4 David Jones 2 4 6 Standard Cement 0 15 9 Cash Orders 1 3 9 Victoria Nyanza 0 13 0 Warburton Franki 1 1 3 Mount Morgan 0 13 2 Mount Lyell 1 9 10” Zinc Corporation 4 2 0 Placer Development 4 15 0 Emperor 0 15 0 Loloma 1 2 101 Lady Shenton 0 2 6 Mandated Alluvials 1 7 9 Melbourne Exchange The Melbourne market generally was steady but gold mining shares were on the weak side. Sales:— £ s. d. National Bank (£5 paid) .. 7 2 0 British Tobacco 2 3 9 Carlton Brewery 3 0 9 Coles 4 3 3 Australian Iron and Steel (pref.) 1 6 6 Goldsbrough Mort 1 14 3 Electrolytic Zinc 2 4 3 Ditto ipref.) 2 5 9 Mount Morgan 0 13 1 Mount Lyell .. .. ?. .. 1 9 9 Broken Hill Proprietary .. 3 16 6 North Broken Hill 9 15 0 Emperor 0 14 9 Loloma 1 2 9 Upper Watut 0 3 1 Myers 1 16 0 Yarra Falls 2 0 6 Irowat 0 2 01 General Motors 1 4 0 Gordon and Gotch .. .. 2 12 0 United Provisions 0 11 1

Per I Lon. Copper— £ s. d. Standard, spot .. 38 19 44 Ditto, forward .. .. .. 39 4 44 Electrolytic .. 43 10 0 to .. 43 15 0 Wire Bars .. 43 15 0 Lead— Spot . . 18 3 9 Forward . . 18 2 6 Spelter— Spot . . 14 1 3 Forward . . 14 5 0 Tin— Spot .. 195 7 6 Forward .193 7 6 Silver— Standard, per oz. .. 194 Pine -16