CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LX, Issue 18102, 18 June 1924, Page 10

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS.

LATEST QUOTATIONS. Buyers. Sellers. £ad £ s d X.Z. GOVERNMENT DEBENTURES—ii per cent. Inscribed, 1933 .. .. 97 5 0 4J per cent. Inscribed, 1&33 .. .. 97 2 6 ii per cent. Bonds, 1936 and 1939 ... 97 5 0 5 per cent. Bonds, 1327 35 0 0 5 per cent. Inscribed, 1927-41 .. ... _ 97 12 6 oi per cent. Inscribed, 1927-11 .. "... 97 12 ' 6 5J per cent. Inscribed and bonds, 1933 .. 101 10 0 MUNICIPAL DEBENTURES— Christchurcli Drainage 5i per cent., 1938-73 ■ 99 0 0 BANKS— Australian Bank of Commerce .. 16 3 16 6 Commercial <.£ Sydney Nati.nal ol Australasia £lO paid) ... 15 9 0 15 11 0 National of N.Z. (new) 6 7 6 National cf N~£. (old) 6 9 0 Gls 0 New Zealand jcum div.) 213 6 214 3 Royal (£1 paid) .. 112 6 113 3 Royal (£4 paid) .. 6 9 0 611 6 Union of Australia .. 14 13 6 14 16 0 INSURANCE— New Zealand .. .. 19 3 19 8 South British ... 2 0 0 2 0 6 Standard ... .. 2 0 0 LOAN AND AGENCY— G olasbrough, Mort (cum div.) .. 2il 3 211 9 National Mortgage .. SHIPPING— Howard, Smith .. 115 0 116 3 Huddart-Parker ..2 2 3 22 9 FROZEN MEAT— Canterbury ... .. ' Canterbury (pref.) .. 5 2 6 Gear .. .. N.Z. Refrig. (paid) .. 019 9 10 9 N—.. Refrig. ... 0 810 0 9 2 ■WOOLLEN SKainpoi (ord.) .. 014 0 016 9 COAL— Westport ... .. 114 9 115 6 GAS— Christchurch 8 0 0 BREWERIES— Manning .. .. 16 3 16 9 New Zealand ;. .. 16 0 Ward 25 6,266 MISCELLANEOUS— Beath and Co. .. ' i 113 0 B.A.W.R.A 0 9 5 0 9 7 British Tobacco ... 22 6 2 3 6 Burns, Philp .. 112 9 113 3 Electro Zinc (pref.) .. 1 7 0 _X 7 6 Electro Zinc (rights) .. 0 5 6 N.Z. Farmers' Co-op. (£2 paid)., .'. .. 0 6 0 N.Z. Farmers Co-op. (6J per cent, stock, 1930) .. .. 82 15 0 N.Z. Sugar of Milk .. United Pictures ... 15 0 Wesks Ltd. (fully paid)' 10 2 6 MINING— , Mt. Lyell (cum div.) ... 10 9 1 1' 3

OTHER EXCHANGES.

(PBESS ABSOCIATIOH TELEGRAMS.) AUCKLAND, June 17. Sales—New Zealand Inscribed, 1938, £97 ss; Kauri-Timber, 20s j Breweries, 265. DUNEDIN, June 17. Sales —Westport-Stockton (ord.), 4s 9d; New Zealand Breweries, 28s. Sales Beported—Bank of New Zealand, 53s 9d. ... FOREIGN EXCHANGE RATES. (BY - CABLE —PBESS" ASSOCIATION COPTBIOHT.) (AUSTBALIAN AND H.Z. CABLE ASSOCIATION) . LONDON, June 16. The exchange rates are as follows: Par. June 12. June 16. Paris,' fr. to £1 .. 25.225 81.35 78.40 Brussels, fr. to £1 25.225 94.50 90.13 Christiania, kr. to £1 18.159 81.93 31.96 Copenhagen, kr. to £1 18.159 25:58 25.60 Stockholm, kr. to £1 18.159 16.22 16.27 Berlin, marks to £1 20.15 18 18 billions billions "New Tork, dol. to £1 4.86 4.31g . 4.324 Montreal,, dol. to £1 ' -4'.86 Borne, lire to £1 . . 22.22 i -99 ' 100| Yokohama', at. to yen 21.5 22 15-16 d 22Jd Hong Kong, st. to dol. * 28£ d 28d Calcutta, fit to rpe 10 to gold £ 16-15-lGd 17d •Determined by price of silver.

WHEAT.

(Received June 17th, 5.5 p.m.) LONDON', June 17. Wheat cargoes are- firm at sixpence a quarter advance owing; to fear of damage to the American crop. Parcels are in good request at 6d to Is higher. Sales—Cargoes ex King Cadwallon at 49a, ex Bokos Vergottis, at 48s 3d. Parcels: ex Balranald 48s 6d, ex Largs Bay 48s 6d' Two thousand, tons of .New South Walea wheat sold at 48s a quarter.

KAIAPOI TRADING COMPANY,

The eighteenth annual meeting of the shareholders of the Kaiapoi Shipping and' Trading Company was held on Monday, the chairman of directors, Mr J. H. Blackwell, presiding. The annual report stated that good trade had been done during the year in timber, and building supplies, both at, Kaiapoi. and Bangiora. In spite of dropping prices, the volume of turnover showed a satisfactory development. The stocks at both Kaiatjci and Kangiora had been carefully taken and were in a thoroughly sat condition. A progressive development at ti^e'- Bangiora mill had been the installation of electric power and additions to the plant, which added considerably to the efficiency of the company's operations. Ihiring the year further disappointment had come to those who were looking forward to the development of the Waimakariri harbour scheme, the enlarged Harbour Board district having returned a majority of repiessntatives opposed to the same. The river was never in better condition for effecting the necessary improvements to ensure a permanent channel at the bar. The balance-sheet showed:—Assets £21,540 Os od; freehold properties, timber mills, plant and machinery at Kaiapoi and Rangiora, less depreciation; £6960 7s; N.Z. Government Inscribed Stock, £„00; timber, coal and grain stocks, £7719.3s 8d; timber, coal, and grain stocks receivable, £l9 7s 6d; 6undry debtors, £5911 18s 4d; cash on hand Kaiapoi and Bangiora,. £629 3a 6d. The liabilities were:—Capital account, £5741 17s 6d; reserve fund, £2500; loans, on mortgage, £2846 os £d; sundry creditors, £2488 6s- Bank of New Zealand, £6664 10s lOdj proSt and loss account, £1299 Os lid. With reference to tha balance to-, the credit of profit and loss account, £1299 Os lid, the directors recommended that the dividend on called paid-up capital be 7 per cent., and that the balance then remaining, viz., £897 3s sd, he carried forward. - . . The recort and balance-sheet were adopted. Messrs J. R. Belcher, W. Doubleday, and H. Mcintosh, the retting directors, wore re-elected, and also Mr Arnaud MoKellar auditor: , , Votes of thanks were accorded'the master of the Wootton (.Captain L. Lareen) and staff, the secretary of the company (Mr W. A Young), and the staffs at Kaiapoi and of the directors,-Mr J. H Blackwell waa re-elected chairman for the ensuing vear