CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXV, Issue 19719, 9 September 1929, Page 10

CHRISTCHURCH STOCK EXCHANGE.

Markets were lively and firm, and there was a good turnover of Stocks on call on Saturday morning. Transactions, exelusive of vestibule business, included:— 25 National Bank of Australasia (£o paid). 300 National Insurance. 50 Goldsbrough, Mort. 350 N-Z. Refrigerating Co. (10s paid). 100 Christchurcb Gas. _ 50 New Zealand Breweries. 100 Staples Brewery. 50 Wilson's Cement. 1000 Winding Creelc (Is paid). Government issues held at late rates. New Zealand Breweries Bonds were stronger, with buyers at 28s sd, sellers at 28s 6d. National Bank of Australasia £5 paid shares dropped 6d, to business at £9 13s 3d, and further buyers at that price, sellers at £9 13a 6d. Other Bank stocks held at recent levels -National Insurance shares were fractionally firmer, with at los 9a, which was mid-market price, on closing quotations. South British - Insurance shares were weaker, with sellers at 65s 9d, buyers at 65s 3d. Goldsbrough Morts eased to 475, closing quotations Id on either side. N.Z. Refrigerating Go. 10s paid shares were fractionally weaker with dealings at 6s 10d and 6s 11<T, and further sellers at the lower figure, buyers at 6s 8d- Buyers of Grey Valley Collieries shares advanced their bids to 27s 9d, but sellers wanted 29s 6d. Christchurcb Gas shares showed recovery with business at 26s 2d, market closing 2d either way. New Zealand Breweries shares moved up to 85s 6d, buyers staying iri at that price, sellers asking 85s 7d. Buyers of Monte'ths Brewery shares raised . their bids to 21s 6d, sellers at 225. Staples Brewery shares remained at 535, sellers and business, buyers at 52s 6d. Buyers of D.I.C. Ordinary 10s paid shares appeared a"t 23s sd, no sellers offering. Wilson 's Cements were released at 445, and more were wanted at 43s lOd, sellers at 44s 2d. Winding Creek Is paid shares remained firm with dealings at 2s, and more were offered at that figure, buyers at Is lid.

SATURDAY'S TRANSACTIONS. (Figures in parentheses after sales indicate number of parcels.) Sales on Bank of Australasia (£5 paid), £9 13s 3d; National Insurance, 16s 9d (2); Goldsbrough, Mort, 475; N Z. Relrig. 10s paid), 6s led (2). Christ church Gas, 36s 2d ; New Zealand Breweries, 85s 6d; Staples Brewery, 535; Wi'eon's Cement, 445; Winding Creek (Is paid), 2s (2). _ Sales reported—N.Z. Refrig. (10s paid), 6s lid.

OTHER EXCHANGES.

(fBESS A99OCU.TIOB tlLlOElKI.) AUCKLAND, September 7. Sales—Mt. Albert Borough, 1963, £5 14s per cent., £105; War Loan, 193&, 4} per cent., £100; Goldsbrough Mort., £2 7s 3d; New Zealand Guarantee Co-op., 9s 7d; Pukemiro Collieries, £3 14s 6d (two); Waipa, 13s 6d; New Zealand Farmers* Fertiliser, £1 2s 6d; Sanford, Ltd.; 18s sd; Waihi, 13a 6d; Mt. Lyell, 45s 9d (two). DUNEDIN, September -7. Sales Reported—E., S., and A. Bank, £8 9s 6d; Mount Lyell, 465.

MEDICAL PROFESSION AND advertising.

Professor A. H. Burgess, president of the British Medical Association, opening the exhibition of drugs, surgical instruments, foods, and appliances connected with the Association s congress, in Manchester, in , "Manufacturing firms have this advantage over the medical profession—they are allowed to advertise. It has been said that to try to do business without advertising is winking at a young lady in the dark, and though I do not think you can expect the presi-dent-elect of the B.M.A. publicly to admit that he-has been gnMy ° f an / practice, either in the or _any other place, we must admit that advertising ia a very-good thing*

HIDES. |

(Received September Bth, 5.5 p.m.) LONDON, September 7.' Hides—Meatworks, dry salted, Queensland 35 to 451b, 9d; 30 to 40lb, 9Jd; 25 to 361b, 94d", 20 to 301b, 9|d New South Wales, same weights, lOd, lOd, 10id, IOJd. Wet salted: Queensland, 50 to 601b, 6Jd; 40 to 50lb, 6Jd; New South Wales, 7id, 7|d. Victorian Abattoirs: 50 to 601b, 7|d; 40 to 501b, 7Jd. —Australian Press Association.

MAHAKIPAWA GOLDFIELDS, LTD.

The secretary advises that applications lor the new preference shares are coming in freely, and it is confidently expected that man; of those shareholders who have not already subscribed will do so, and so provide the necessary capital for the continuance of operations and further boring on the mining properly.

REILLY'S (DUNEDIN) MARKET REPORT.

Eeilly's report as follows:—Rhubarb, Gs to 9s; lettuce, 2s to 10s 6d; cabbage, Ss 6d to ss; cauliflowers, 6s to 10s; asparagus, 265; eggs, stamped Is 4d, case Is 3d a dozen; narcissi, King Alfreds Is 6d, Emperote Is, Sol de Or 9d, Grand Monarch 6d, anemones 6d, freesias Bd, ranunculas 5d a dozen stems; violets, Is to 2s a dozen bunches; apples, Wolseleys and Ballarats 7s to Bs, Stunners 7s 6d to 10s 6d, Jonathans 8s to 10s 6d, Delicious 10s 6d to 14s; peaTS, 10s 6d for choice fruit, inferior unsaleable; whitebait, 4s 3d; walnuts. 9d t-o lid; eschsllots. 2|d to 4d; porker pigs, 9d; baconers, 8d lb; -carrots, 6s 6d; parsnips, 12s; onions, 9s a cwt. —6

LATEST QUOTATIONS Buyers Sellers £ a. d. £ 8. d. N.Z. Government Debentures —- ■ 4£ per cent Inscribed, 100 2 6 . 1938 and 1939 - 4} per cent Bonds. 1930 99 7 6 100 0 0 4J per ' cent. Bonds, 6 1938, 1939, and 1941 100 2 — 5i per cent. Inscribed, 100 6 1933 — 0 51 per cent Inscribed. 6 1941 99 17 6 100 2 5J pe' cent. Inscribed, 1933 .. •• 101 10 0 101 17 6 Si per cent. Bonds, 1933 101 10 0 — 5J per eent Inscribed and Bonds, 1936 101 35 0 — 5£ per cent. Inscribed, 1930 .. — loo 10 0 5| per cent. Inscribed, 1937 99 0 0 — Other Debentures— Ohristchurch. Trams, 4J per cent., 1934 .. . — - 95 lO 0 N.Z. : Breweries,' Inscr. 1 8 3 N.Z. Breweries,: Bonds 1 8 5 1 8 .6 Banks— Aust. of Commerce .. —' 1 16 0 Comm. of " Aust. 1 TO 0 1 10 3 Comm.r of. Sydney 26 5 0 26 12 6 E., S., and A. 8 8 9 8 9 6 National of Australasia (£10 paid) 19 18 0 19 14 0 National of Australasia (£5 paid) .. .. 9 13 3 V13 6 National of N.Z. — 6 19 0 New South Wales 51 17 6 52 2 6 Union of Aust. is a 0 16 -3 0 New Zealand .. 3 3 3 3 I 5 Queensland National .. 9 15 0 — Insurance— National .. 0 16 8 0 16 10 A.P.A. 0 14 0 New Zealand .. 2 7 6 2 8 3 Queensland 3 3 6 — South British .. 3 5 3 3 5 9 United ... 10 10 0 11 0 0 Loan and Agency— Goldabrough, Mort a e 11 2 7 1 National Mortgage — 4 7 0 N.Z. Guarantee Corpn. 0 9 5 0 9 7 United Building Society (cum dir.) — 0 16 0 Shipping— Huddart-Parker (cum div.) 2 5 3 2 6 0 P. and O. Deferred Stock 2 17 0 — Frozen Meat— Canterbury (ord.) S 5 0 8 15 0 Canterbury (pref.) 4 19 0 5 2 0 N.Z. Refrig. (£1 paid) 0 14 3 0 IS 0 N.Z. Refrig. (10s paid) 0 e 8 06 10 North Canty. Freezing . ~ 1 0 0 Woollens— Kaiapoi (17s paid, cum div.) .. "0 14 0 0 14 3 Kaiapoi (pref., : cum - div.) 0 15-10 0 16 9 Kaiapoi (7s paid, cum div.) .. .. 0 4 9 0 5 0 Coal— West port .. 1 14 6 __ Stockton (ord.) ... 0 S 2 0 3 5 Stockton (pref.) ... 0 4 4 Grey Valley .. .. 1 7 9 1 9 6 Taupiri (rights) 0 6 6 0 7 6 Gas— Ashburton .. 5 10 0 ; Auckland .. ... 1 4 5 Aust. Gaslight — 7 2 6 Christchurch .. ... 1 6 0 1 6 4 Christchurch (10a -paid) 0 IS 1 0 13 -7. Breweries— Carlton .» 2 7 9 Fosters " 4 0 0