BRITISH STOCKS.

Press, Volume LXVI, Issue 20045, 29 September 1930, Page 12

BRITISH STOCKS.

GOVERNMENT SECURITIES RISE. LOAN INCREASES IN VALUE. (BRITISH OFFICIAL tYIBELEEG.) (Received September 28tli, 5.5 p.m.) RUGBY, September 26. British Government securities, which rose further on the London Stock Exchange yesterday, remained steady today. The £2,000,000,000 5 per cent. War Loan stock attained the highest price ever yet recorded, at £lO4 8s 9d per £IOO of stock, while the 5 per cent. Conversion Loan was at £lO5 17s 6d per £IOO. One leading British Government loan increased in value to an aggregate of nearly £15,000,000 yesterday. NEW YORK STOCK EXCHANGE. NEW LOW LEVELS. (ririTED PRESS AHHOCIATIOX —BT ELECTRIC VELKGBAPH—COPYHIGHT.) NEW YORK, September 2G. One hundred and forty issues on tho New York stock market hit new low levels for the year when "bear" raids caused declines of -from one to over eight points. Trading was heavy. Levels were the lowest for a long time, and were widely distributed, particularly motors and coppers. BANCO DEL COMERCIO. REPORTED SUSPENSION OF PAYMENTS. (■CXHED MESS ASSOCIATION—fit ELIXTSIO TELEUItAPH—COPYRIGHT.) (Received September 28th, 5.5 p.m.) HAVANA, September 27. 'EI Mundo," a Havana daily newspaper, says that the Banco del Comeroio, one of the most important financial institutions in Cuba, has suspended j payments.

DAIRY PRODUCE. NEW ZEALAND BUTTER IN CANADA. (VXITED TRUSS ASSOCIATION —K* ELJSCTEIO TSLBGP.APH—UOPtr-XGHT.) (Received September ~ 28th, 5.5 p.m.) LONDON. September 27. The Hon. G. YV. Forbes, Primo Minister of New Zealand, states that ho has conversed with both the Canadian Prime Minister and the Minister for Commerce regarding preference for New Zealand butter. He pointed out that New Zealand concessions outbalanced the Canadian concessions upon total inter-Dominion trade. Mr Forbes assured Mr Jl. B. Bennett that New Zealand did not' desiro; a tariff war. It' watf agreed to continue the discussions in London. Messrs A. H. TnrnbulJ and Co. are in receipt of a citble from,W. Weddel and Co., Ltd., dated London, Septembor 2CHi, reading:— Last week. •». a. s. a. Banish butter .. 147 to 160 150 to 15a N.Z: unsalted .. 346 to 150 146 to 150 N.Z. salted .. 124 to 138 127 to 130 Market slow. N.Z. Cheese, -white 74,t0 75 75 to 76 K.Z. Cheese, coloured 73 to 75 74 to 75 Market quiet. Canadian cheese, white ... 73 to 80 77 to 80 coloririsd , 78 .to 80 78 to 80 Tho< New Zealand Dairy Produce Board has received the following market report from its London office, dated Septembor 26th, 1830:—* . . BUTTEH. New Zealand, salted 124 a to 128s, exceptionally 130s, unsalted 146 a to 150s, l3t whey 116 a, 2nd whey 114s; deliveries New Zealand this week, 1167 tons; in store New Zealand this week 7067 tons; Australian, salted 123» to 1265, unsalted 128s to 182s; Argentine unsalted 120s to 1245; Irish creamery, salted 1203, unsalted 1325; Danish, 141s f.0.b., 147s to 150s spot; Dutch unsalted 142s to 1465; Ksthonian, 128s to 130s; Latvian, 126s to '3o#j Siberian, 120s to 1225; Polish, 100s to 116s; Lithuanian, 118s to 128 a. Market slow. Betail prices unchanged. Empire. Marketing Board's estimated stock* all butters at September 20th, 1920, 887,613 boxes. CHEESE. Now Zealand, white 745. to 755, exception-ally-76a, coloured 73g to 755; deliveries New Zealand; tlis week, 19,144 crates; in store New Zealand this week, 99,186 crates; Australian, white 73s to 745, coloured 71a to 72a, white and coloured. 78s to 795, o.i.f. 78a; English . finest ' fanners. 100s to 106 a. Market quiet. Retail prices unchanged. ... ' Deliveries, Canadian 7200 boxes; in store, Canadian, 208,92*2 boxes.

WELLINGTON HIDE SALE. _ Messns Wright,_ Stephenson and Co., Ltd., in conjunction with Abraham and Williams, Limited,, report:— , held our fortnightly sale of tallow, hides, and skins to-day, when we offered an ■lmage catalogue to the usual attendance of bryera. Sheepskins—ln sympathy with the London market, the prices for dry skins showed a decline, being from §d to Id per pound lower than last sale. Salted skins, however, were firm at last sales rates. Hides—These met with good competition, prices being firm .with the exception of calf Skins, which were slightly lower. Hides—Ox, 83lb to 441b, 3Jd to Sid; ox, 451b to 6211>, 3Jd to s|d; ox, 631b to 591b, SJd to 5Jd; ox, 60lb to 691b, 31d to 6Jd; ox, 701b and over, 4d to Sid; cow, 331b to 391b, Bid to sjd; cow, 401b to 481b, 3Jd to 5Jd: cow, 491b and over, 2Jd to 5Jd; kip, 251b to 831b, 2d to s{d: kip, 171b to 241b. 5d to 7Jd; yearling, 111b to 161b, 4}d to 7Jd; calf, 91b to 10lb, to sd; calf, 61b to Blb, 6d to 9Sd; calf, lib to 6lb, 4Jd to 9Jd. Tallow—ln casks, 14s 6d; in tins, etc., 12s to 17s. Sundries—Cow tails, 9d: horse hair. 6d to 12d. '

HORSE SALE. Messrs. H. IMntson and Co. report on their weekly sale in Tattersall's on Saturday morning- as follows: There was a good entry, which comprised mostly aged draughts. Tho demand throughout the sale was noticeably keen, and 10(> per cent, of sales was recorded. The main part of the entry was comprised of horses in from the country, and although some were rather rough in condition, they changed hands at most satisfactory prices. The principal .sales.were as follows: Account Mr P. Shadbolt (French Farm), roan mare £18; account Mr P. Williamson (Cashmere), black gelding £l4; account Mr G. Bight (Hororata).black cob £lO 10s; account Mr P. W. Quinn (Ohoka), bay mare £lO 10s, an iron-tyred gig £3, set of harnes £2 10s; account of a client, bay gelding £l4 10s; account of a client, bay gelding £3 10s; account Mr 6. Kinear (Rolleston), brown more £l3.