CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LX, Issue 18195, 4 October 1924, Page 10

CHRISTCHURCH STOCK EXCHANGE.

dunedin. (special io "the press. ) DUNEDIN, October 3. The demand *or Becd oats has eased. Ottoringa from the country have pxactica ly ceased, and the business Pjwsuig market is practically negligible. HeavyJ Gartono are enquired for at 6s per bushel, sack 3 extra. ... . . . , Stocks of fowl wheat are steadily diminishing and tho enquiry ia good. Good whole quality ia saleable at 6s 3d per bushel, eacks Good table potatoes are in short supply, and merchants sxo experiencing some difficulty in procuring this quality. Choice lines are rea'i&ing from £7 10si to £7 153 per ton, but inferior quality lines are slow of sale. The enquiry for prime chaff is good, and as very few consignments are coming forward, prices have a firming tendency. Prime quality is selling at £8 5s to £8 10s per ton, sacks extra. Quite a good wholesale business has been passing in seedg during the paat week or two. No doubt this is partly due to the rains locally, but the bigger factor is the advanco in prices in London. It is quite ovident now that the wet summer experienced in Great Britain and parts of the Continent has caused z shortage in the clover and grass seeds harvested. There has been a strong enquiry for cowgrass, with a mark, cd advance in prico. Only super-quality seed is wanted for shipment., for which I2os per cwt is tho quotation, and at this a moderate quantity has been sold. Tho market inwhite clover closed very firm at 215s per cwt for super-seed. Dogstail hac also advanced considerably, and super bright seed is now worth lljd to Is per lb f.0.b., equal to an advance of 3d per lb cince the market opened in March. Cocksfoot has also firmed in sympathy with the hardening of the Danish market, andi the wholeselo price is now Is Id per lb. Alsyke, chiefly grown in Canada., has undergone ft substantial rise because of the prospect of a short crop Altogether the seed market. B hows a very healthy tone, and stocks are not excessive anywhere. FEILDING STOCK SALE. (FBE36 ASSOCIATION THT.rtl-K.lv } ■t'-t:ELDING-, October 3. At the Feildiajf sale today there was a heavy yarding of fat .sheep. The supply was greater than the demand 6>nd prices suffered accordingly. A big proportion of the shorn sheep were passed in, but most of those in the wool were sold, although at prices well below those ruling last week Fat hoggets made 28s Id. 28s 6d, 29s 6d ( 30s 3d, 31s 4d, 50s; fat woollv owes, 30s 3d' 3]s, 335, 33s 9d, 34s Sd, 35s id, 36s 7d, ,T7s lid, 395, and 495; fat ewes, shorn, 25s S-j' » n d 25s 9d; wooLiy wethers, 38s. and shorn wethers 3ls and 335. There was a fair varding of store 6hecp. Good hoggets sold extremely well. A line of fairly good owes with 100 per cent, of lambs, made 46s 4d. Very fair ewe hoggets made 33b 6d to 35s Bd. and smaller 32s Sd. Good wether hogge.ts made 30s, 31s 4d. and 32s lOd; medium, 27a sd; fair black-face hoggets, 2g3 3d, and sma'l 24s 9d. Empty ewes in fair condition made 25s 7d. There was a large entry of fat cattle, but as no outside buyers were present the demand was not good and a large proportion were passed in- Prime heavy cows made £ll 15e, good bulloc&s £9 19s, £lO ss, £ll, and £ll 7 3. and medium fat cows £5 10s, £&, and £6 as. Store cattle sold fairly well. Good forward Shorthorn bullocks made £7 12s, mixed coloured £6 13e, three-year-old Hereford steers £5 14s, and Pol'ed Angus steers £5 lis 6d. Small two-year-old mixed ooloured steers were passed in at £3 10s and two-year-old Hereford-Shorthorn steers at £4 7b &L There was only a small entry of inferior dairy cattle. Prices were easier all round, the top price for heifers being •

OTHER EXCHANGES. (pßT.fi 3 ASSOCIATION TELIGB-AMSj AUCKLAND, October 3. Sales—"War Loan, 1938, £97 12b 6d; Inscribed Stock, 1938, £O7 10s; Inscnbcd Stock, 1939, £O7 10s; Auckland 24s 9d; Wilson's Cement, 29si 7d ; Waihi, 28b Gd. WELLINGTON, October 3. Sales Reported—Union Steam (pref.), £1 Os 3d; E.a.uri Timber, £1 10a 6d; National Timber, £1 4a 9d;'Wilson's Cement, £1 Ss Sd. DUN.EDIN, October 3. Sales—Goldsbrough, Mort, 475; New Zealand Paper Mills, 22a 6d. Sale reported—Ward and Co., 50s. METHVEN STOCK SALE. The fortnightly stock sale was held at Methven od Thursday. Tiber® •was a fair yarding, consisting 1 principally of ewee and lambs. The prices obtained were very satisfactory, the recent rain having given buyers more confidence. There vvao a larger yarding than usual of pigs, mqetly Werners, and these met ■with a brisk dcmantL The following were the principal eales : Sheep—l 73 threo-quartarbred wether hoggets <at 30s, 23 ewes with 28 lambs at 12a 6d (all counted), 45 ewes with 46 lambs at ISs 9d, 45 three-quarterbred ewes and 60 lambs at 24s 6d (all counted), 51 ewes in lamb at 30a 3d, 122 ewes with 122 lambs at 15a (all counted), 49 ewes with 55 lambs at 16s (all counted), 108 owes with 112 lambs at 19a 6d (all. counted). Pigs—2 baconcrs at £5 10s, 1 baconer at ~£4, 9 weaners at 30s, 3 weane/s at 28s, 2 weaners at 27b, 3 weaners at 25a, 3 weaners at 24b, 6 weaners at. 30s, 6 weaners at 30s, 5 weaners at 28s 6d, 2 weaners at 275, 2 weanem at 28s, 2 weaners at 325, 3 weanem at 23a, 1 weaner at 18s, G weaners at 30is, 6 weaners at 25s 6d, € weaners at 295, 6 weaners at 28s, 6 weaners at 28s, 3 weaners at 26s'6<L Cattle—l Jersey cow at £2, heifers at £2 10s and £3 10s, 1 cow £6 17e 6d, and 1 at £3 ss. Horses—l draught filly (4yrs) at £4l, aged geldings at £7 lss to £8 10s, eeven-year-old ma.ro at £26 10s, aged hack at £3. > A house in Methven township was offered, but passed in at £SOO. FROZEN MEAT MARKET. Dalgety and Company, Limited, have received the following cablegram from their London office, dated October 2nd:— "Frozen Lamb—Demand for New Zealand lamb ia active. Market is very firm and tending upwards. We quote prime crossbred lamb, Canterbury heavy, lljd, light 12id; North Island heavy lljd, light 12d. Demand for Australian lamb is good. We quota g.a.q. crossbred lamb Australian light lljd. "Frozen Mutton—Demand for New Ze* land mutton ia steady. Market dull owing to lack of demand. We quote prime crossbred mutton, Canterbury, heavy 7Jd, light Sid., North Island heavy 7}d, light BjJd. "Frozen Beef—Demand for New Zealand beef is good. Market firm owing to light stocks. Wc quote N.Z. prime ox beef hind 3 51d, fores 33d."

I BANK OF ENGLAND RETURN. ,>T CABLE —TRESS iSSOCUTIOK-COrrMGHT) AJJP K.2. CABLE ASSOCIATION.) I.OXDOX, October 0. Followinc is the BsnV of I'.ngland return tor tip TTEPk ended October Ist, compared with tho previous week: r Sept. 24. Od.l. £ - Com and bullion .. IOfi.S^.WO Reserves .. -j:4,C6S,C<>O 20.837,00J Proportion reserve ti liabUitv • 20.21 Note circulation .. 123.909,000 122.289,000 Public dopofi*.i .. 13,037,0C0 Other deposits 11",764,000 110,696,000 Govt, securities 41,698,000 39,733,000 Other securities 73,607,000 80,(41,000 Short loans, 2} per cent.; three months bill?, pi p*r cent. FOREIGN EXCHANGE RATES. (Received October 3rd, 5.35 p.m.) LONDON, October 2. The* exchange ratea aro as -follows — Psr. Sep. 29. Oe+. 2. Paris, fr. to £1 ■. 02.22> 84.85 84.65 Brussels, fr. to XI .. 2?.®5 92.?S 92.53 Christians ikrto.fl 18.159 51.63 31.62 Copenhagen, krto£l 18.159 25.67 25.55 Stockholm, kr to XL 15.159 16.<5 16.(6 Berlin, marks to XI 20.15 • is i billions. billions. Montreal, dol. to £1 4.56 4.16 4.46J Nc-w York. dol. to £1 4.86 4.45J 4.46 Rome, lire io XI .. 22.22$ 10U 101J Hong KoDg, Pt. to dol. " ~7jd 2Jld Yokohama, ?t. k> yen 21..-> 21 Jd 2tfcd Calcutta. Ft. tr»rpe. 10togold£ 17Jd l<J-a * Determined by price of silver.

GOVERNMENT SECURITIES.

I (Received October 3rd, 9.10 p.m.) LONDON, October '3. The following arc the. latest, quotations for Government securities: —

''.'. WHEAT AND FLOUR. October 3rd, &25 p.m.) __. LONDON, October 2. Wh.e.at cargoes have stiffened on an improved British enquiry, and good business is being dono at slightly advanced prices. Parcels are in fair request and closed eixpence to a. shilling up. Sa)es:. Ex Persio 623 6d; other Australian, December-January shipment, 61s. Spot trade is quiet, but prices' are firm. Australian landed 665. Flour is firm: Australian ex store 45s 6d. Oats, peas, and beans are quietly steady. Sugar: Granulated 39s 4Jd per cwt. METALS. (Received October 3rd, .8.25 pja.) LONDON, October 2. Copper: Spot £62 3s Od;, forward £63 3S 9d a ton. Lead: Spot £33 10s; forward £32 17s 6d a ton. r Spelter: Spot £32' 16s • 3d; forward £32 173 6d a ton. Tin: Spot £245 7s 7d; forward £245 12s 6d a. ton. Silver: " Standard 35 l-16d;- fiTO'STJd an ounce. , ■ • SHARES. " (Received October 3rd, Mdfp.aa.) •LONDON, October 2. Waihi: 2Ss. ' -' '..■■'"" Waihi Grand Junction: Is 9d., ."•''.' P. and O.- (def.): Buyers £296; sellers £305. LONDON WOOL SALES. LONDON, October 3. At thn wool sales, 11,237 bales were of- | ferod. There was a steady demand for the home trade, and firm prices. Merino medium greasy was in large supply and sold rather quietly, with, frequent withdrawals. Low scoured wools were slow i of competition. . . I BRADFORD TOPS. (Received October 3rd, 8.25 p.m.) • LONDON, October 2. Bradford tops quotations are unchanged and the market is quiet. Users still are reluctant to pay advanced prices. DAIRY PRODUCE. (Received October 3rd, 8.25 pjn.) LONDON, October 2. Tho huttor market is quiet. New Zealand choicest eslted 220s to 224s per cwt. Australian 206s to 208s. exceptional lot* 2108. Unaalted is scarce at from 216s to 2205. Danish is tending to be easier at 2365. Siberian 156s to 1765. Cheese is steady. New Zealand 94b to 965, Australian 91s. QUEENSLAND LOAN. LONDON. October 2. The Queensland loan of £4,000,000 at 5 per cent., issued at £97 10s, and repayable in 1940-1960, is being underwritten. MELBOURNE MARKETS. '' MELBOTTRXE. October 3. Oats—2s Gd to 3s a bushel. Barley—English. 4a to 4s 6d a bushel. Potatoes—£l 7s 6d to £2 a ton. Onions—£2o to £22 a ton. HIDES. MELBOURNE, Octoher 3. At the.weekly bides sa'es prices wer« unchanged.

YESTERDAY'S TRANSACTIONS. Sales r^p">rteJ—GoicJ3brou~ii, Mort., 4 "3 3d; N.Z. Kr! frij. ipaidi 'J 1?. J? ale on 'Cba^zc—X.2. Rffris. (con.\ 6d. LATEST QUOTATIONS. This week. Last. week. Last j**t. Buyers. Sellers. Buyers Sellers Buyers. Seller*. £ 6. d. £ s. d. X s d. £ s. a. £ « . d. £ *• d. N.Z. GOVT. DEBENTURES— 4j per c«nt. Inscribed, and Bonds, 1939 — 97 lb 0 97 2 6 — 4i prr cent. Bond?, in"? ?? 7 6 97 15 0 97 7 6 97 15 0 97 2 6 — ,1 ppv cent- Inscribed 9= 10 0 pond", 19:27 .. 98 ? 0 — 2 6 C«? 10 0 — m per cent. Bond;'. 1933 ml 1" n 101 5 0 — 102 b 0 OTHER, DEBE.MTFl:?- - I,vtfr":toD Harbour, 1 per .-r.nf- .. — 32 0 0 — — Ofacn Harbour, 5 p-r cer.t. — 94 0 0 —• Waivnuri Count". 63 per cent. 107 0 0 — — — 1 Woolston Borough, 4i por cent. 85 15 0 57 17 6 — — — Christcburch Drainage, per rent. 98 10 0 —- 95 10 0 — —• Christchurc-h Tratn-waye, per cent. 3S io n — — — — Jnvcrcanrill Borough, ■U P<r cent.. — 86 0 0 — N.Z. Breweries, Bonds 1 2 0 and Stock 1 2 0 1 1 0 Booth. MacdonaJd, 7 J 100 0 0 per rent. 62 0 0 84 o 0 — — 85 0 0 Glaxo, (.4 per cent. — 85 0 II — ■ - BANKS— 8 S 13 2 0 6 Adelaide ... S 7 R — S 0 0 — 13 7 6 Australasia (ex dir.) .. 13 7 6 13 10 0 13 IS 0 13 IT 0 Bank of Victoria — 6 16 6 6 15 0 6 17 6 Bank of Victoria (pref.) 13 10 0 13 la 0 — — Commercial of Aus2 0 0 tralia1 10 9 1 11 3 1 9 S — 0 Commercial of Sydney 22 5 0 — 22 2 6 22 10 Natl. of Australasia (£10 paid.) — lo 10 0 15 6 0 ■ • " National of Australasia (£5 paid) National rtf N.7,. .. 6 15 n 7 10 6 11 6 0 6 12 6 6 14 42 0 n 0 0 6 16 40 12 2 12 0 6 6 19 0 ~c« p South Wale3 .. 41 10 0 4'2 0 0 41 10 0 6 2 13 3 New Zealand . ■ .. 2 10 6 3 0 0 3 0 0 0 1 1 17 6 •Royal (XI paid) — 1 11 0 1 11 s 1 13 6 6 15 0 11 16 6 6 17 11 17 a T!oval (£1 paid) ■_ XTnion of Australia- >• 14 16 6 6 17 11 18 6 0 6 14 18 0 14 19 0 INSURANCE — National «• — 3 16 0 — 3 16 6 3 17 1 9 0 9 3 18 1 10 0 New Zealand 19 6 — 19 5 O 1 „ 0 South British — 2 3 0 ■— £ O LOAN AND AGENCY--Goldsbrough, Mori 2 7 3 2 7 9 2 5 3 2 6 0 2 6 9 3 7 6 N.Z. Loan a,nd Mere. __ (ord. stoet) 91 0 0 — 0 _ Permanent, Investment — 10 5 SHIPPING— Howard, Sraith .. 1 11 0 1 In 9 — 1 15 6 2 2 0 2 13 2 2 0 3 Huddart-Parker P. and O. Deferred •• 2 3 0 — 300 0 0 310 0 0 29S 0 0 303 0 0 310 0 0 — P. a.nd O. Deferred 0 (London Register) _ 310 0 " FliOZEN MEAT— 14 10 0 15 0 <5 2 0 6 lo 5 7 6 Canterbury .. 14 n 0 11 9 0 14 0 0 6 Canterbury (pref.) 5 2 6 — 1 0 3 0 10 1 1 ft 1 3 0 1 4 0 N.Z. Refrig. (paid) .. N.Z. Bcfrig. (contr.) .. 110 0 10 5 1 1 0 10 4 6 1 0 0 10 b 0 0 11 9 0 12 3 North Canterbury — 2 8 0 2 8 "WOOLLENS — Kaiapoi (old.) ».- ~ 0 16 0 0 15 6 0 15 0 1 1 0 — COAL— 0 2 10 Westport-Stockton 0 3 6 0 3 0 0 3 6 GAS— 7 16 8 4 0 8 5 6 Christelrarch >* 7 12 6 6 *"* BREWERIESCrown -..-I Manning Ward »« 2 4 3 1 32 10 2 10 0 1 13 2 12 0 t) 3 1 12 6 1 14 2 12 0 •6 2 12 1 7 2 9 0 6 2 14 1 7 a 3 9 9 CEMENTSWilson's »•: i a i 1 9 9 - 1 9 S - 1 9 3 TIMBER— Kauri ** — 1 11 0 - 1 10 9 1 1 6 — MISCELLANEOUS— • Beatli and. Co. (cum div.) Btjrns, Philp 1 13 6 1 13 11 1 13 6 1 14 0 1 14 1 14 6. 6 1 12 1 12 6 6 1 14 1 13 6 3 Eclipso Petrol (£1 paid) — O b ir , Humo Pipo (Aust.) • .. 0 11 10 0 15 Mason, Struthcrs (£1 paid) — .14 a - 1 5 0 — ■— Mason, Struthcrs . (03 paid) 0 7 0 - 0 7 0 - w- . — Mason, Struthera (la pai<5) •• ,, 0 5 1 0 5 7 0 5 1 0 5 9 . •— N.Z. Farmers Co-op. (£2 paid) •• 0 11 0 0 13 a 0 10 0 0 12 6 . Farmers . Co-op. (6i pet cent. Stock, 1930) •• •• 83 .0 0 — — ■ N.Z. Farmers' Co-op. (6V per cent, stock, 1935) 77 10 0 16 0 82 0 0 78 0 0 £4 0 0 , N.Z. Milk Products .. — — United Pictures •• Whitcombe and. Tombs 16 9 S 13 6 3 11 6 — — • 3 15 0 mining— Mt. Lycll m 10 0 1 . rr c 1 o 6 0 19 6 1 0 0 — — Waihi -- • ** 1 i o A O O <_ 0 2 3 —' — Grand Junctions .. 0 M o

Sept. £ 8 2o. d UCt. • "d Imperial console, "i per cent. 57 12 6 67 10 0 War Loan, o p.c, 190047 102 5 0 103 7 6 War Loan, o* p.c, 1925•28 96 0 0 96 5 0 Conversion Loan, 3i p.c. # 77 15 0 77 15 0 Commonwealth, 5J p.c, 1931-U 102 0 0 103 0 0 Commonwealth, 6 p.c., 1922-27 104 15 0 104 17 6 New Zealand, 6 p.c, 1038-51 110 0 0 110 5 0 New Zealand, 4 p.c, 1933 95 6 0 *95 0 0 New Zealand, 3i p.c, 1940 S4 10 0 81 17 6 New Zealand, 3 p.c, 19(5 76 12 6 76 12 6 Now South Wales, 6* p.c, 1930-40 106 17 6 107 2 6 New South Wales, 6 p.c, 1930-40 105 10 0 •103 5 0 New South Wales, 52 p.c, 1922-23 102 7 6 *100 0 0 New South Wales, 4 p.c, 1923 92 0 0 93 2 6 New South Wales, 3 p.c, 1930-50 SI 17 6 SI 15 0 New South Wales 3 p.c, 1335 77 0 0 77 5 0 Victoria., S p.c, 1930-40 103 .0 0 *£ t 0 Victoria, 3J p.c, 1921-26 99 o a 99 2 6 Victoria, 3 p.c, 1929-40 78 12 6 79 5 0 Victoria, 3 p.c, 1929-49 73 0 0 73 0 0 Queensland, 6 p.c., 193040 105 0 0 104 17 6 Queensland, 4 p.c, 1924 99 15 0 99 15 0 Queensland, 31 p.c 1930 91 5 0 91 7 6 Queensland, 3 p.c, 192247. 70 10 0 ' 70 - 7 6 South Australia, 6£ p.c, 1920-40 .. 107 ' 0 0 107 0 0 South Australia, 31 p.c, 1945 or after 83 10 0 83 0 0 South Australia, 3 p.c, 1930 62 .0 0 . 62 0 0 West Australia, 6 p.c, 1930-40 105 .1) 0 104 12 6 West Australia, 3J p.c, 1930-33 S7 0 0 *85 10 0 West Australia, 3 p.c, 1915-35 .. S3 0 0 *si 10 0 Tasmania,- 6} p.c, 1930.40 107 0 0" 106 15 0 "*?scnra,nia, 3J p.c, 192040 .. 84) 0 0 Si 0 0 Tasmania,. s .p.c, .192040 76 0 0 77 0 0 *cx interest. • '