ON ’CHANGE.

Star (Christchurch), Volume LXVI, Issue 20543, 19 February 1935, Page 9

ON ’CHANGE.

EXCHANGE RATES.

Investment Stock Quiet. * MINING ACTIVE. UNITED BUILDING SOCIETY AT PEAK BATE. Markets generally were quiet in the investment sections this morning, prices continuing to fluctuate, with a further easing tendency. Recent buyers have been inclined to hold off through fear of further depreciation, though it would appear that present low levels should be temporary only, and any further fluctuation should be confined within narrow limits. Government 1949 stock changed hands at yesterday’s level, with further buyers and no sellers. The section was quiet, a few unsupported buyers putting in bids at late rates. Among the banks buyers for Commercial of Sydney raised their bids substantially to £l6, sellers staying at yesterday’s rate, 2s 6d above. National of Australasia (£5 paid) looked fractionally easier; and National of New Zealand were weak, the market closing between 67s and 69s 6d. New Zealand and Reserve were still on offer at relatively low levels and seemed uncertain. In tha Loan and Agency section Goldsbrough Mort firmed to buyers at 28s 4d and sellers at 295; while United Building Society sold at %the peak level of 22s 3d, with further unsatisfied buyers at that figure, sellers 6d above. The only issue to have dealings among breweries was Staples, which in reported business lost Is 9d in their first sale this month. Miscellaneous issues showed continued weakness in Australian scrip, Anthony Hordern being on offer at 17s 6d; Broken Hill Proprietary at 50s; Dunlop Perdriau Rubber at 18s fid; and Associated Newspapers at 22s 6d. Beath and Co. sellers set their limits at 32s 9d, buyers being well back at 295. New Zealand Drug Company were firmer on selling limits of 81s. Since the publication of the liquidator’s report, Quill Morris have had wide quotations, buyers remaining at late rates and sellers retiring to high levels. The market this morning closed from 4s to 5s 5d without business being recorded.

London Quotations. Brithh Official Wireless. RUGBY, February 16. London on the cities mentioned:— To the £

actions. Hollar Rates. The Associated Banks (other than the Sank of New South Wales) quoted the foiowing dollar-sterling rates to-day, which are subject to alteration without notice:— U.S.A. Canada, dollars, dollars. Conversion of dollar bills received for collection and sale of dollar drafts and telegraphic transfers . - 4.86 4.87 Purchase of dollar bills 4.90 4.91 On a New Zealand currency basis these rates are equivalent to:— dollars, dolars. U.S.A. Canada. Selling— T.T 3.901 3.911 On Demand 3.901 3.911 Buying— On Demand 3.93 i 3.941 DOLLAR AND FRANC. (Received February 19, noon.) LONDON, February 18. The American- dollar opened at 4.871 to £1 sterling, and the franc at 74.

Except for Big River, most sales lately in the mining section have been in dredging propositions. Maori Gully were unchanged, Nevis Deisel Electric gained id; and Argo Gold Dredging in the unlisted section were firm. Following Auckland quotations, Waihi yesterday afternoon made 40s, and this morning there were sellers at that figure, buyers only Id behind. National Tobacco, which have had no business for a long time, were quoted from 60s to 67s 3d among unlisted stocks. SALES COMPLETED. Th© figure* in the final column indicate, compared with last Christchurch sales: t & rise, a fall, n.c. no change. THIS XOSVIVa'S CALL. ■ales on ’Change. £305 Govt. Stock, 1946-49, £lO7 15/- n.c. 151 United Build. Soc., 22/3 . . t3d 300 N.F. Refrig (10/- pd.) f 9/3 (3) «. -Id 500 Big River, 2/3 n.c. 1000 Maori Gully, 1/4 n.c. 500 Nevis Diesel, 2Jd tid 500 Nokomal, 2/- —4d ■ales BeDorUA. 3000 Skipper* Sd (2) | n.c. 200 Staples Brew, (late sale 18th), 31/6 -1/9 400 West-Stock. Coal <pf.), 3/9 f3d Unlisted Stocks on 'Change. 800 Argo Gold (Is paid), 1/6 n.c. TKUB O'CLOCK CALL TISTXBDA7. Sales on 'Change. 100 N.Z. Brews., 50/4 (2) .... J -2d 300 Maori Gully. 1/4 n.c. 500 Skippers, 6d 1 n.c. 200 Waihi, 40/- (2) I t9d ■alee Seported. £2OO Ch’ch Trams, 4i p.c., 1955, £lO5 £2OO Malvern Electric, 4£ p.c., 31-5-49, £lO4 £640 Govt. Stock, 1949, £lO7 15/- f5/OTHER EXCHANGES. Per Press Association. AUCKLAND, This Day. N.Z. Guarantee Corp., 6s. Dominion Breweries, 17s. Auckland Gas, 27s 6d. New Zealand Newspapers, 355. Bank of New Zealand, 49s 9d. Woolworth’s (N.Z.), £9 15s. Govt. Stock. 1940. £lO2. WELLINGTON, This Day. Argo Gold, Is 6d. Napier Borough, 4J per cent, 1958, £lO5 ss. Rural Bonds, £lO5 ss. Auckland Gas, 27s 6d. New Zealand Paper Mills, 34s 3d. DUNEDIN, This Day. Sales Reported— Standard Insurance, 72s 6d. Kaitangata Coal, 19s 6d. TO-DAY IN AUCKLAND. (Special to the “Star.”) AUCKLAND, This Day. Business on ’Change continues rather quiet, but with values fairly steady. At this morning’s call banks were decidedly dull with very few buyers in evidence and the same remark applies to insurances, in which Standard are still in de-mand-at 71s, with no sellers. Sellers of New Zealand dropped lfmits to 67s 9d, bringing in a buyer at 655. South British were offered lower at 9 7s. Farmers’ Auctioneering shares have a steady market, and at the Vast call yesterday, "B” prefs. sold at 21s 9d, a rise of Is 3d and the last sale. Auckland Gas shares are firm, and after fresh business at 27s 6d, the market rested between 27s 3d and 27s 9d. Waihi were very firm with morning quotations between 40s and 4ls. Government stocks showed little change. -ONDON STOCK EXCHANGE United Press Assn.—By Electric Telegraph—Copyright. (Received February 19. 12.30 p.m.) LONDON, February 18. Mount Lyell, 13s 6d. New Guinea. Goldfields, 4s 3ld.

SYDNEY STOCK EXCHANGE. (Received February 19, 2.50 p.m.) SYDNEY, This Day. Commonwealth Bonds—3i per cent, 1947, £lO6 10s; 4 per cent, 1938, £lO4 10s; 1950, £lO7 15s; 1953, £lO7 15s; 1961, £lO9 7s 6d. Others:— Commercial Bank of Sydney, £l6 ss. Bank of New South Wales, £3O ss. Australian Gas (A), £7 17s 6d. Toohey’s Brewery, 28s 6d. Anthony Hordern, 16s 9d. Associated News (pref.), 235. Australian Glass, 58s 6d. British Tobacco, 38s. Broken Hill Proprietary, 50s 3d. Burns, Philp, 61s 9d. Colonial Sugar, £4O 10s. Dunlop Rubber, 18s 7£d. Lustre Hosiery, 26s 9d. Meggitts, 20s 3d. YESTERDAY’S SALES. The following sales were completed in other centres yesterday afternoon:— Auckland—Farmers’ Auction (B pref.), £1 Is 9d; K.D.V. Box (rights), Is (2); N.Z. Refrig. (£1 pd.), 19s 7d; Wilson's Cement, £1 14s 3d; King Solomon, 3s lid. Unlisted—Woolworths (Sydney), 93s 6d. Wellington—Late sales February 16— Rural bonds, 5 p.c., 1947, £lO5 as; N.Z. Refrlg. (£1 pd.), 19s 7d; King Solomon, 4s. Unlisted—Woolworths (Sydney) (Ord.), £4 12s 6d. Sales February 18Mahakipawa, 10£d. Dunedin—Sales reported—N.Z. Breweries, £2 10s 6d. Sydney.—On the Stock Exchange yesterday, dealings were heavy. A big line of Commercial Bank of Sydney shares was placed, and over 1000 Tooths shares were absorbed. Later dealings were:—Colonial Sugar, £4l; Bank New South Wales, £3O 10s; Commercial Bank Sydney, £l6 ss; Associated News, 22s 3d; (pref.), 23s lid; Howard Smith, 16s; Burns Philp, 625; Tooths, 4Ss; Perdriau. 18s 9d: Dalgetys, £8 12s 6d; Henry Jones, 3 7s; Electro. Zinc, 225; Farmers, 25s 3d; Anthony Hordern, 17s; Lustre Hosiery, 26s 9d: Standard Cement, 18s 10Jd: Mount Morgan* 40s; Broken Hill Propty., 50s 3d; Kuala Kampar, 13s 3d; Rawang Tin, 8s: Placer Development, £2B: General Industries, 14s I 3d: (pref.), 265. ! Melbourne.—Com. Bank Aust. (pref.), £9 19s; Broken Hill Propty.. 51s; Goldsbrough Mort, 28s 9d; Mount Lyell, 18s. CALL AND DIVIDEND LIST. DIVIDENDS. Di?«. K-D.V. Boxes—interim, 4 p.c. Feb. 20 Peters Arctic Delicacy—interim, half-yearly, at 5 p.c. per annum Feb. 23 Bank New South Wales—quarterly, 5s a share Feb. 27 National Mortgage—final, 2J P-c Feb. 27 Okarito Dredge—6d per share Carlton Brewery—final. half yearly, at 10 per cent, per per annum, making 9 per cent, for the year Feb. 28 Berlei, Ltd., Sydney—ord. and pref. 8 per cent, per annum Mar. 1 Standard Insurance halfyearly. Is 3d per share .. Mar. 4 Iluddart, Parker—final, pref., 3 per cent., ord., 4 per cent. Mar. 9 Electro. Zinc—interim. pref., 8 p.c. per annum Mar. 13 Broken Hill South—interim, Is 6d a share Mar. 15

QUOTATION LIST.

Buyers and Sellers This Morning. Following are to-dey's quotations:— Buyers. Sellers. £ b. d. £ S. d.

Par. Feb. 16. Feb. 15. New York, dol. 4.86 2—3 4.87fi 4.87 J Montreal,dol. 4.86 2—3 4.888 4.878 Paris, fr. 124.21 73 27-32 74 21-32 Brussels, belga 36 20.87 20.894 Geneva, fr. 25.224 15.05 15.07 Amsterdam, fl. 22.107 7.204 7.214 Milan, lire 02.46 578 57 13-32 Berlin, marks 20.43 12.15 12.15 Stockholm, kr. IS.159 19.40 19.40 Copenhagen, kr. 18.159 22.394 22.394 Oslo, kr. 18.159 19.904 19.904 Vienna, sch. 34.581 26 26 Prague, krone 164J Helsingfors, 1164 1161 f. marks 193.23 226| 2264 Madrid, pes. , 25.221 36R 35 § Lisbon, esc. 110 no! 1104 Athens, drach. 375 512t 614t Bucharest, lei 813.6 4868 4904 Belgrade, dinars 276.32 Rio de Janeiro, 215 215 <9. to mils. 5.899 Buenos Aires, 4 it 4it d. to peso. 47.62 Montevideo, 36Jt 36 Jt d. to peso. 51 40t 39* t Batavia, florins 12.11 7.184 Value in pence 7.204 Par. d. d. Bombay, rupee 18d. 18 5-32 18 6-32 Shanghai, dol. * 181 17 15-16 Hong Kong, dol. • 21B 218 Yokohama, yen 24.58d. 132 14 1-64 * Pence per local unit, t Sellers. Basic of 2T*v South Wales. The Bank of New South Wales, Christchurch, quote the following rates (in terms of New Zealand currency) for sale and purchase Of foreign exchanges: Buying. Selling. London (£ N.Z. T.T. 124 1244 to £100 stg.) O.D. 1231 124g Australia (£ A. to T.T. 101 1004 £100 N.Z.) O.D. 101 1004 Fiji (£ F. to £100 T.T. 90g 89 N.Z.) O.D. 90g 89 New York (dol. T.T. 3.964 . 3.914 to £1 N.Z.) O.D. 3.974 3.92 Montreal (dol. to T.T. 3.958 3.918 £1 N.Z.) O.D. 3.962 3.924 France (francs T.T. 59.63 58.43 to £1 N.Z.) O.D. 59.93 58.48 Noumea (francs T.T. 60.68 57.68 to £1 N.Z.) O.D. 61.08 57.73 Papeete (francs T.T. 60.68 57.68 to £1 N.Z.) O.D. 61.08 57.73 Belgium (belgae T.T. 17.098 16.398 to £1 N.Z.) O.D. 1.7.198 16.413 Germany (reichs- T.T. 9.521 marks to £1 N.Z.) O.D. 9.526 Italy (lire to £1 T.T. 45.37 N.Z.) O.D. 45.41 Switzerland (f'cs T.T. 12.266 11.866 to £1 N.Z.) O.p. 12.341 11.876 Holland (florins T.T. 5.901 5.651 to £1 N.Z.) O.D. Java (florins to T.T. 6.951 5.665 6.891 5.666 £1 N.Z.) O.D. 5.941 5.670 Japan (N.Z. d. to T.T. 17 21-32 1 yen) O.D. Shanghai (N.Z. d. T.T. 218 22 15-16 to 1 dol.) O.D. 214 222 India and Ceylon T.T. 22 13-32 22 f (N.Z. d. to 1 ru.) O.D. 22 9-32 22 11-16 Hong Kong (N.Z. T.T. 26 27-32 27 29-32 d. to 1 dol.) O.D. 26 23-32 27 27-32 Singapore (N.Z. T.T. 34 7-16 358 d. to 1 dol.) O.D. 34 5-16 35 5-16 T.T. represents telegraphic transfers. O.D. represents on demand trans-

ST.B. OOVT. STOCK4 p.c. Inscr., 194346 4 p.c. Inscr., 1946104 10 0 0 4 p.c. Inscr., 19520 4 p.c. Bonds, 19464 p.c. Bonds, 1952109 2 BANKS Comm. of Aust. Comm. of Aust. 0 16 2 0 9 16 19 4 0 Comm, of Sydney E., S. and A National of A’asia (£10 paid) .... National of A’asia (£5 paid) National of N.Z. . New South Wales New Zealand .... New Zealand (D mort. shares) 16 6 3 30 2 1 0 5 7 2 9 11 0 6 0 6 3 11 16 5 13 6 3 30 2 1 2 0 2 7 9 5 9 12 10 6 0 6 6 6 0 6 0 zxrsuzcAsroB — A.P.A. 0 10 3 New Zealand .... Standard (c. div.) 3 18 0 3 8 0 LOAN AND AOSKOT— Dalgety and Co. . Goldsbrough Mort N.Z. Guarantee .. United Building .. 8 1 0 1 7 8 5 2 6 4 11 3 8 1 0 1 13 8 6 2 6 9 1 9 FSOBSN KBAT — N.Z. Refrigerating (£1 paid) N.Z. Refrigerating (10s paid) 0 0 19 9 6 2 0 0 19 9 7 4 WOOLL1V8— Katapoi (17s pd.) Kaiapoi (7s pd.) Kalapoi (pref.) .. 0 0 13 4 8 6 0 0 0 15 5 18 6 6 0 COAX*— 2 0 Stockton (pref.) . 0 5 0 GAl— Christchurch .... Christchurch (10s 1 14 16 9 1 15 2 Tiinaru 1 2 6 BI1WXRZSS — New Zealand .... 2 10 3 0 10 8 9 Tiniaru (7/6 pd.) Tooths 0 8 4 0 2 8 8 9 6 nsciUiAiraovf— Associated News. Amalg. Wireless (contr., c. div.) Anthony Hordern 0 Australian Glass . 2 Aust. Iron & Steel 16 16 2 6 1 2 0 2 2 3 17 19 6 0 6 0 Beath and Co. . .. Death and CO. (Is 1 9 0 1 12 9 British Tobacco . Broken Hill Pty. Burns, Philp .... Claude Neon (Syd.) Colonial Sugar Consolidated Brick Dominion Builders 1 2 3' 2 17 9 0 2 3 6 0 6 1 2 3 2 40 0 18 10 2 6 17 9 3 0 0 0 6 9 Domin. Fertiliser Dunlop Perdrlau 1 1 6 Electrolytic Zinc (ord.) Electrolytic Zinc (pref. cum div.) Evans Atlas Flour Hay's, Ltd. (15s 1 1 1 1 14 10 6 0 1 1 2 18 4 6 Henry Jones Co-op. Howard Smith Kauri Timber . . . National Electric'. N.Z. Drug Oo. . . . N.Z.F. Co-Op. (1st pref.) N.Z.F. Co-op. (A 1 0 3 15 19 17 0 0 6 1 0 1 0 4 2 17 6 16 9 0 0 11 0 1** o 15 0 N.Z.F. Co-op. (41 p.c. stock, 1940) N.Z.F. Co-op. (41 p.c. stock, 1945) N.Z.F. Fertiliser . N.Z. Newspapers . Quill, Morris (in liquidation) Sun Newspapers . Woolworths (N.Z.) 82 81 0 0 0 10 4 3 G 0 0 9 84 83 0 1 0 0 9 0 15 19 15 5 4 19 0 0 3 0 5 2 Woolworths (N.Z.) 2 Woolworths (Vic.) 10 xxarxzrfli— 17 19 16 Alexander (15s pd.) 0 11 5 11 Bell Hooper .... Bell Kilgour Bendigo Goldlights 0 0 0 0 0 0 1 0i 5 0 0 Brian Boru Central Shotover . 0 0 3i' 6 0 0 0 4i 9 Gillespie’s Beach . 0 1 7 0 1 7 h Golden Dawn .... Golden Point .... Goldeh Sands .... Goldfields Dredging 0 0 0 0 0 2 1 0 0 0| 8 0 0 0 0 0 9 1* 7 81 King Solomon ... Maori Gully .... Lawson’s Flat . .. Mahakipawa .... Mataki 0 0 0 4 3 9 i 0 0 0 0 4 0 1 4i 0 4 0 10* 1 115 Mining House Concessions Moonlight Nelson Mossy Creek .... Mount Lyell .... Mount Morgan . . New Cornish Point Nevis Diesel Elec0 0 1 0 2 27 19 2 7 9 0 0 2 0 2 17 0 0 5 9 3 5 21 Okarito (c.d.) Rawang Tin (cum div.) . 0 7 10 11 0 8 0 Sandhills Gold 0 0 0 4 Stafford Sluicing Upper Shotover O 0d paid) .... Waihi 0 0 0 0 19 10* 3 11 0 0 1 0 2 10 Grand Junction . . 0 B 0 Worksop Extended 0 2 n 0 3 0 IT misted Stocks. Subject to a different age from listed stocks on the official list. Andersons, Ltd. rate of brokerand not quoted Associated Motorists Petrol (pf.) Argo Gold (is pd.) 1 0 3 1 3 5 0 1 6 Barrytown (10s n Golden Gully Dominion Life (6s 0 0 9 Tee Skating 0 17 6 New River (6d 2i 0 National Tobacco . N.Z. Mining Invest3 0 3 7 3 N.Z. Perpetual For9 Mount Morgan DeProcera Bread (10s K. Reece, Ltd. (pf.) Regent Theatre Buildings (Ch’ch) Smith Wylie Snowy River Stacey and Hawker 0 5 0 0 0 0 0 2 7 10 0 6 6 3 11 Stadium Sports Upper Watut (2s Warners, Ltd Were’s Investment 7 10 0 Woolworths (Sydney) (ord.) .... 4 12 9 4 13 3