CHRISTCHURCH STOCK EXCHANGE

Timaru Herald, Volume CXLIII, Issue 20894, 25 November 1937, Page 14

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY’S QUOTATIONS Special to “ The Timaru Herald." CHRISTCHURCH, November 24. The following quotations were ruling when the Stock Exchange closed for the day:— Buyers. Sellers. £ s. d. £ s. d.

COLOMBO TEA AUCTION By Telegraph—Press Association DUNEDIN. November 24. L. M. Wright has received the following cabled report on the Colombo tea auction of November 23—Common, medium and fine teas were Irregular and the market closed Id lower than last week. At next week’s sale 2,250,0001 b will be auctioned. CURRENCY AND CAPITAL NEW ZEALAND COMPANY’S SCHEME United Press Association—By Electric Telegraph—Copyright LONDON, November 23. The Courts sanctioned the New Zealand Loan and Mercantile Company’s capital scheme. Mr Justice Simonds declared that the scheme was based on the presumption that English, Australian and New Zealand currencies would continue at the present ratio. If they acquired parity, it would put the company in a strong position. Counsel agreed, but said the directors were justified in carrying out the scheme in the circumstances. The Judge replied that as the scheme was based on an adjustment, necessitated by currency depreciation, he would confirm it. OAMARU WOOLLEN MILLS The directors of the Oamaru Woollen and Worsted Mills will recommend at the annual meeting to be held on December 6 that a final dividend of 31 per cent be paid for the year ended October 31. An interim of 21 per cent has been paid, making with the proposed dividend, 6 per cent for the year.

N.Z. Govt. Stock— 3$ p.c. Inscribed, 15/3/39-43 . . . — 101 0 0 3i p.c. Inscribed 15/11/38-52 . . — 102 0 0 3i p.c. Inscribed 32 p.c. Inscr. 1941 10C 0 0 — 4 p.c. Inscribed, 1943-46 .... — 103 0 0 4 p.c. Inscribed 1946-49 102 15 0 — Banks— Australasia .... — 10 19 0 Comm, of Aust. • 0 16 9 0 17 0 (pref) 9 11 0 9 14 0 National of A’asia. (£5 paid) .... — 7 2 6 National of N.Z. . — 2 17 0 New South Wales 32 7 6 32 10 0 New Zealand . . 2 4 8 2 4 9 (D Mort) . . . 1 9 3 — Loan and Agency Goldsbrough Mort. — 1 11 8 Perm. Investment . 9 17 6 — Frozen Meat— Canterbury .... — 11 0 0 Gear 0 16 0 0 17 0 N.Z. Refrigerating (£1 paid) . . . — 0 19 0 (10/- paid) . . 0 9 5 0 9 7 Woollens— Kaiapoi (17/- pd.) 0 12 3 0 13 0 Manawatu .... — 1 17 0 Felt and Textiles . — 1 15 3 Coal— Westport Stockton — 0 2 9 (pref.) 0 5 0 — Gas— Christchurch (10/paid) — 0 13 5 Breweries— Swan — 1 7 0 New Zealand . . • 2 5 6 2 7 3 Miscellaneous— Amalg. Wireless . — 2 15 0 Anthony Hordern — 0 18 5 Aust. Glass . . . 4 4 3 4 6 0 Beath and Co. . . — 1 1 0 British Tobacco . . 2 8 0 2 9 2 Broken Hill Propty. 2 9 6 2 9 11 (rights) .... 1 7 4 1 7 9 Burns, Philp . . . — 3 15 9 Colonial Sugar . . 47 0 0 — Cons. Brick . . . — 0 8 2 D.I.C. (10/- pd) . 0 14 6 — (pref.) .... 1 3 0 — Dunlop Rubber . . 1 1 10 1 2 3 Electrolytic Zinc (ord.) 2 5 7 2 5 8 (pref.) 2 8 7 8 10 Evans Atlas Flour 0 19 0 — G. J. Coles . . . 4 2 0 4 2 9 Hay’s Ltd 0 14 9 0 15 3 Hume Pipe (Aust.) — 1 0 0 Kauri Timber . . — 1 3 0 McKenzies Ltd. . — 3 14 0 N.Z I 1 Co-op.— (1st pref.) . . . — 2 2 0 ("B” pref.) . . — 1 19 6 (4i p.c. Stock, 1939) — 91 10 0 1940) .... 90 0 0 92 0 0 N.Z.F. Fertiliser . — 0 19 11 N.Z. Newspapers . 1 17 3 1 18 0 N.Z. Paper Mills . 1 5 6 — Procera Brc :.d (ord.) 0 5 0 0 13 5 Shillings Ltd. . . — 0 19 3 Taranaki Oil . . . 0 6 9 0 6 3 Standard 0 17 6 — Wilson’s Cement . — 1 0 0 nlis (N.Z.) (ord.) — 5 0 0 Woolworths (Syd.) 1 4 10 1 5 0 W. R. Carpenter . — 2 6 6 Overseas ListingsWool worths (Sth. Africa) .... — 0 14 3 Mining— Big River — 0 1 4* Argo — 0 1 10 Grey River .... 0 9 3 0 9 5 Maerewhenua . . 0 0 4 0 0 6 Mossy Creek . . . 0 1 74 0 1 81 Nokomai .... — 0 4 0 Aust. Mining— Broken Hill South 1 15 11 1 16 2 Mount Lyell . . . 1 12 1 1 12 2 North Broken Hill 2 9 0 2 10 0 Rawang Tin . . . 0 9 0 — Unlisted Stocks AU transactions in stocks quoted in this section are subjec tc a different rate of brokerage from listed stocks and are not quoted on ;he Official list. Buyers. Sellers £ s d. £ s. d. Ch’Ch Press . . . 8 10 0 —— N.Z. Perp. Forests 2 1 0 —