FINANCE AND COMMERCE.

Press, Volume LXVII, Issue 20198, 28 March 1931, Page 12

FINANCE AND COMMERCE.

I y ' SHARE MARKET. WEEKLY REVIEW. A LOWER TURNOVER. During tlio past week thu affiliated Exchanges throughout New Zealand experienced a falling off iu business, tho volume showing a decided drop compared with the weekly totals for the previous three weeks. Prices also whieb had run up steadily under tlio demand, have this sagged a little, but are still well in advance of thou ruling a month ago. Government Stock* have had steady enquiry, and the 4j per cent, tax free, especial!*-. show considerable appreciation. The following is a comparison of the daily recorded volume of butdiifiak on tlw local market for the past fort*, {light. This week. Last week. £ * £ Saturday ... 1,123 1,771 Monday ... 2X20 2,427 T uesiday ... 814 2,867 Wednesday ... 2.330 3,123 Thursday' ... 3.402 . 2,047 Friday ... 2.14.5 2,577 £12.369 £14,802 01 tins week's total the following groups attracted most business, last week's figures in brackets: —Banks £IOO3 (£5297). breweries £2147 (£1449) insurance £1470, pastoral £IO7O (£2123); 4} per cent., 1938 tAock. advanced to £96. and late buyers mre offering £97 ss. sellers at £U< 10k. The bonds, due 1938 and 1939, are wanted at £97. but holders are KtitMt; 5J per cent, stock, due 1932, r«aiiMd £100; 5i per cent. 1941 stock dtailtd hands at £94 10s; 5} per c&nt stock, due 1933, was firm at £99 ss, and the bonds moved up to the same figure: f»i per cent, stock, due 1981. was taken at £97 10a. Christchurch City. 5J per cGilt, 1949 debentures, changed hands, at £93: Manawatu-Oroun Power, & per cent. 1051. ar £BB 2s '6d; and Canterbury Power Board, 51 per cent. im. at £3B 10s. Bank Sharea. Btok shares herd pride of plaea for popularity with investors. Australian of Commerce were released at lßs lid, ami more are available at 16s, buyers «tib 19a lOd. AiUitralflsias. riiti) dividend, weakened from £lO 7s 6d to £lO &> <UC dividend of 6s per sharo buvers wr» ©ferine £9 10s. no sellers quoting. Cos&aercial Bank of Australia ranged from 15s lOd to 14s ltd. as compared with 16a to XSs 6d to 15s lOd last *eek. E. S., and A. dropped ss, to htuinea at £5 10s. and more are on oiler at £5 6& recent buvers at £4 18s. National of Australasia, fully paid*, which realised £lO 12s 8d & wewlc ago. are quoted £lO buyers, £ll jwllsrtf—the £5 paid .had dealings at £5 4m. as against £5 4s to £5 6a 6d last week, and, closed weaker at £5 3s ad|M!*. £4 18s buyers. New" South Wait* warn- placed at £27 iOs, £27 7b 4ri.tt*d 27* 6* Gd—-last, week's prices rancid from SBfi 10a to. £S7 13s fid—iw4 ««®d easier at £27 2a,6d sellers, JG3® 10k buyers. Kow fcealands went Jfofla 81s Cd to 63a. but later eased K^g^a?^ mmNce fbavwi Were unaltered at 26a M; 14moenalaindi. National y?hich ha-tP ™ lawmmca and Loan and Agency. : Jfriiitraal Insnranee shares wera a alMMjb«asier at 18s. Id. and. lute buj<astsM jfttfarfttg 18e. selleri'fet 13s W; mm s&?«§iids.remained' ufcajtered at jfttttW*. attfertP; at nfc 41a. Smith British '' Staftdmlf at :45a. sellers at 555. WBtStSntLZS£ff\i • wk w. GoWibroneb. Morta jpnaiwiiwifll to las jftd and late seltera

YESTERDAY'S TRANSACTIONS. There wan a moderate turnover on call yesterday, and prices of several stocks showed an easing tendency. Transactions exclusive of vestibule business, included £4OO New Zealand Government, per cent.. Inscr. 1932. I 100 Commercial Bank of Au»t. 70 Union Bank of Australia. 200 National Insurance. 30 Dalgety and Co. 100 New Zealand Guarantee Corpn. (cum div.). 600 New Zealand Refrigerating < los .P ai d ) . 1 r<j Auckland Gas. • 200 New Zealand Breweries, 1800 lMahnkipawa Goldfklds. 300 King Solompn. Now Zealand Oovel'ltment, 5i per cent., 1932 stock, changed hands at par. and there were further buyers at £99 17a 6(1, no sellers. Commercial Bank of Australia shares weakened to 14s lid, sellers staying inat that figure, buyers at 14s 9d. Bank of Australasia snares were marked ex divi* dond of 6 per cent.. £0 10s buyers, no sellers. Union Bank of Australia shares moved up to £8 lis, sellers staying in at that price, buyers at £8 Bs. Other Stocks. National Insurance shares realised 13s Id. market closing 13s buyers, 13s 3d sellers. Dalgety and Company Shares dropped to £7 10s. closing quotations £7 7s 6d buyers. £7" los sel' lore. Goldsbrough Worts were weaker with sellers at 20s lOd. buyers at Ws 6d. New Zealand Guarantee Corpora tion shares, oum dividend. realised tis 4d. and more were offered at that price, buyers at 6s. New Zealand Refrigerating Company. 10s paid shares, had dealings at 3s 6d. 3s sd, and 3s 4d, and there were further buyers at 3s 3d. sellers a*- 3s sd. AuckGas shares changed hands at 23s 4a, and there were further unsupported sellers at that- flgurfe, New Zealand Breweries al)Afes declined to dealings at 35s 6d and 86r 3d. dosing quotations 35s buyers, 85# fid sellers. Sellers of Mfc. Lyells reduced their limits to 20s, buyers at i9s 4d. Unsupported sellers of New Zealand Driy* Oomnanv shfires dividend, came down to 60i. ■ King Solomon (Sold Mining shares relapsed to Is 9d. Mahakipaw&s Wore firm at lOd, sellers j Rtayhif in at that price, buyers at 9jd. , , ■ ■ . ;■

NORTH AMERICAN WHEAT.

SPRING-SOWING ACREAGE. j ("U HI TED PRESS ASSOCIATION—BY , BLECTBIC ! TELZOBAPH—CbPHUQHT.) . WASHINGTON. March 86. smallest wheat acreatge planted since 1918 is reflected in the report of i the Agricultural Department issued -On Wednesday. The report states that it ja the intention of farmers to. sow 3,599,000 acres, which "* is 17.5 per cent. lower ; thfcK lttftt yflhy's ioWittg Of dlightiv more tpfin ,haff the recdi'd of the 1928 acreThe intended acreage of spring wheat, other than wheat, is estimated fttf 13,99&,00cr Acres, 0f.,88 pM cent. of jthflT 103# t t (i ■ f V r , •* 1 * - (USIXKA fAESfI. ASSOCUTIOK—fIj CLSCXSIC TBUaaSAPH—COPTiIoaT.). : '" LONDON. M«f«n 98. ■ „ C«g<|ea—Kneottfatfed by the Impfrorement in Canada aud Amgftei, aatl by lighter Rus■jaa shipmaata, deTleta asked 3d «dv*nc6, but buyers. snaae twdt MIJofIM. : r Thfr market egOMdU«n«iex£ thou* h4u*tr»li»o talcs vto the Orient UAam jtS* by 'if »*r * 61f ' * 6ld w ;pkreels ,'are la smalt iM&aud .at itota ua* 'jkttftt att. feeaiikmw .At , WW« bi We&t#¥n Aii*t*&tiaii, Jung dsllvety, ktitaat 23#, tad at Glasgow, ttJSi&lfe; «t.s#*.&4. T <,/Vvma,m «UM<id:~r x , ' ■ ™** ' ttM 1,4 4 * P " ' • -pw^dl— Mmc& -« 'ilA, Ifiy 4» Sid, •JWjf 4544/QcttW 4* 6|a per ««ntalr . " «"»• - -L * «' at. - U quiet -ft* fii gd let -?* < . f ifkw *<!**, JJarch U. v jst \ ■' , DJMJG ~ u' •'// COMPANY. * ' Mimm. v v 1 ■ \ 'V v 'Uttbh 37. 1 " Spiking td-tffcjf nf ths Sftnd Annual the tasty Df&g Cams&y, Mf, % m Edmond, chairman of bp fjteeUunt tusauing up . gifeWU? iiosl{idtt 6l thfe JSominioft, J mif&d [ » »* vj't < < v. ..aw-:' tmi6, u Mft eftid, "the pt&t ylif has hed bosdt by many dtfS* - ftilinly brought, by the sfaiftelrtfge la values of all ' ptmwiitif Mip-ttimti , and. dtk<»« THr Oottihloa, in , vdtHindn : %V£hl a- sreafil|* ih^, tffitie mora only 'living itf the mldlt «£, falling mar" but Ts ftlM c&awibg the heavy re* ibcui*ed . periods of ■ px;M4>tt<)o,by , Wit ftf deed / 'ttd; deepest ooasidejfatiaift, ot* the best niiiSdiia the so that as far as i? hwnanly possible the financial bud.the 'inay be .balanced, ' a WBiiJfethati ehoqld 6»o« ttioj?® : Staift tutd of 6d«nlejrw . oti &tf dven Jfftefev >|t is most-gratifying t that rewnli wdW-iSaleg both beia jand in Ij&udott feli6fr pubfitfcntially higher prioett i s?bia .is of (taportdnoe aot only I ;04/&C<St)tyat tit' assuring It gfeatfer cirWatiqg -Of! Moiiey, butc Itlso that 'pirevteus h»d touched Wand thttt we niayjut* 10 O 3« forward td a gradwal Improvement, in -the get»,6*al export ptSfitjbioii. J,)l iiir J. C r Stephens,, la suppbifting tho chairman's remafks, said Chat the *6- • Stolta of the w&ar'fj trading havs been remaftcaply .eatiefaotory, OontrafitiQ&tbd flgureal92l,.alio a year of ffljfng ,prie4», wfth , those in tha latest Miwoe^lteet,. Mr, atephoai. mid they - *WPjf»y» J6S3 th - Capital was 4886,500. The t$ j 1& WiSj&UW wiS ,tO*day,lt a .Tha,Mf«isit»ff(i of grow - ptM:to was f*Hsjt!y. UtC thaa y«*¥* SIOJ M4r.tit# meft^iiiae l tbe jsotfa«fay - ftu !UiWbat6<| ihates aaaet to Vljwro' Mr. Taylor, iriip bi »MWHptigrfl4r*fitoi , i remarked t9# ie:h*<!l (rtajplsted years' . . \fi 'j, I ' h '' S !f '