CHRISTCHURCH STOCK EXCHANGE

Timaru Herald, Volume CXLV, Issue 21154, 29 September 1938, Page 16

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY’S QUOTATIONS Special to “ The Timaru Herald." CHRISTCHURCH, September 28. The following quotations were ruling when the Stock Exchange closed for the day:—

COLOMBO TEA AUCTION By Telegraph—Pres? Association DUNEDIN, September 28. L. M. Wright has received the following cabled report on the Colombo tea auction of September 27:—At auction good quality teas were in brisk demand and showed an increase of Jd to Sd. Medium grades were barely steady at last week’s rates, but common teas remained firm. Next week 2,250,0001 b will be offered. PRICE OF GOLD British Official Wireless (Received September 28, 6.30 pun.) RUGBY, September 27. Gold to the value of £2,331,000 sold at £7/5/6 per ounce. PRICE OF SILVER United Press Association—By Electric Telegraph—Copyright (Received September 28, 6.30 p.m.) RUGBY, September 27. The price of silver is spot 21d, forward 20Sd per ounce. FOREIGN EXCHANGE United Piess Association—By Electric Telegraph—Copyright (Received September 28, 6.30 p.m.) RUGBY. September 27. Latest foreign quotations are: Dollar 4.79 to the £; franc 178 7-8 to the £. HOME MARKETS RECOVERY FROM PREVIOUS DAY United Press Association—By Electric Telegraph—Copyright (Received September 28, 6.30 pun.) LONDON, September 27. The market Is nominal, compared with yesterday, which was one of the blackest in the history of the Stock Exchange. The markets are relatively calm. The decision of the committee to fix minimum prices for gilt-edged prevented a repetition of yesterday’s debacle, when prices of Government Stocks retreated before heavy selling pressure. Other markets are virtually at a standstill, mostly weaker. Central | European Bonds slumped heavily. Dealers in the gilt-edged section of the Stock Exchange decided for the time being to quote minimum rflces for dealing In British Funds. The minimum price for war loan is £93.

Buyers. £ s. d. N.Z. Govt. Debs.— Sellers £ s. d. 3 per cent. Inscr., 15/7/39-41 . . . — 98 5 0 31 per cent. Inscr., 15/11/38-52 . . — 100 10 0 15/1/53-57 . . . — 94 0 0 4 per cent. Inscr., 1946-49 .... 100 0 0 100 15 0 1952-55 .... 100 0 0 — 4 per cent. Bonds, 1952-55 .... 100 0 0 — Company Debs.— N.Z. Refrig. 41 p.c. 1940-45 .... — 102 0 0 Banks— Australasia . . . — 10 7 6 Comm, of Aust. . . — 0 15 7 Comm, of Sydney — 20 0 0 New Zealand . . . 2 1 2 2 1 9 Insurance— National — 0 16 0 New Zealand . . . — 2 14 6 Loan and Agency Dalgety 7 5 0 8 0 0 Goldsbrough Mort. — 1 5 9 N Z Guarantee Corporation . . 0 3 11 — Frozen Meat— Southland .... — 1 10 9 Woollens— Felt and Textiles . — 1 10 0 Gas— Christchurch (10/paid) .... — 1 7 3 Breweries— Carlton — 3 2 0 Crown (in liqdn.) 0 1 0 —— Castlemaine . . . — 1 2 6 New Zealand . . . 1 18 0 1 19 0 Tooths 2 6 3 2 7 9 Miscellaneous— Alloy Steel (N.Z.) 1 1 0 1 3 6 Anthony Hordern 0 14 4 0 14 6 Aust. Glass . . . 4 2 3 4 5 0 Beath and Co. . . 0 19 0 1 1 0 British Tobacco . 2 3 6 2 3 9 Broken Hill Pty. . 2 10 10 2 11 2 (cont.) .... —— 1 13 8 Colonial Sugar . . —. 44 0 0 Dom. Fertiliser . . — 1 4 0 Dunlop Rubber 0 18 1 0 18 4 Electrolytic Zinc (ord.) .... 1 16 1 1 16 5 (pref.) .... 2 0 10 2 1 9 G. J. Coles .... 3 10 9 3 12 9 Hume Pipe (Aust.) — 0 18 6 McLeod Bros. . . 25 0 0 32 0 0 McKenzies Ltd. . . 2 14 6 3 0 0 N.Z. Drug Co. . . 3 8 0 3 10 6 N.Z.F. Co-op.— (41 p.c. Stock, 1950) 90 0 0 91 10 0 (41 p.c. Stock, 1955) 90 0 0 — N.Z. Newspapers . — 1 15 0 Taranaki Oil . . . —— 0 11 2 Woolworths L t d. (ord., cum div.) 0 19 1 0 19 o Woolworths, (N.Z.) (ord.) — 0 17 11 (pref.) .... — 2 0 0 Overseas Listings— Woolworths (South Africa) .... 0 13 3 0 14 8 Aust. Mining— Broken Hill South 1 5 4 1 6 8 Mount Lyell . . . — 1 5 4 Mount Morgan . . 0 9 10 0 9 11 (pref.) .... — 1 0 11 North Broken Hill 1 19 0 2 2 3 Rawang Tin . . . — 0 7 8 W’gton Alluvials . 0 4 3 0 5 0 Mining— Austral. (N.Z.) . . — 1 1 0 Argo (con.) . . . 0 1 21 0 1 8 Gillespie’s Beach . — 0 1 1 Moonlight .... 0 0 45 0 0 51 Shippers .... 0 0 1 (pref.) — 0 0 6