SYDNEY STOCK EXCHANGE.

Press, Volume LXVII, Issue 20427, 23 December 1931, Page 12

SYDNEY STOCK EXCHANGE.

| A STRONG TONE. ( BUYERS NOT SO j PLENTIFUL. (CXITJCD ' rI'ESS ASSOCIATION --HI ELECTRIC TELEGSAPH —COPYRIGHT.) (Received December 22nd, 9 p.m.) SYDNEY, December 22. The Stock Exchange continued to display a strong tone to-day, though buyers were not so, plentiful. Commonwealth, 4 per cent., 1938, at £94 2s 6d rose 7s 6d. Colonial Sugars at £45 l<s 6d went up 17s 6d. , , . , „ Other Commonwealth Bonds fei] 6d to 20s. ' , • Bank of New Snul b. W ales' Stocks were don'n 5s to £3l 10s. MELBOURNE CONDITIONS. ; (.Received December 22nd, 9 p.m.) MELBOURNE, December 22. The Stock Exchange to-day showed a 'steady tone ail round. WHEAT CROP. EXPORTS FROM ARGENTINA. (UNITED PRESS ASSOCIATION- »T t I.BI'TKIC TBI.EGHAI?H COPYRIGHT.) UU.BNOS AYRES, December 21. Another huge Argentinian wheat crop became a certainty to-day, as reports from sections of the country where frost damage was feared told of high yields. Grain men estimate that the country will have approximately the same amount of wheat for export as in previous years, in spite of the fact that the acreage has been reduced 20 per cent, this year. The amount available i'or export is forecasted at from 125,000,000 to 150,000,000 bushels. WHEAT CARGOES. LONDON AND LIVERPOOL. (UNITED M-K3B ASSOCIATION—B'i ELECTRIC TEJ EGRAPn —CCPYRIOIIT.) (Received December 22nd. 7.0 p.m.) IX)NDON. December 21. Wheat cargoes are dull approaching the holidays, sellers being willing to accept an occasional decline. Buyers arc apathetic. Parcels are in moderate request; Manitobns sixpence down, other sorts neglected at threepence decline. Futures are quoted as follows: Per quarter. London— s - d - December ••• " February ... June 3o 2 Per quarter. Liverpool— s. d. December ... March ... ••• "1 May -2 '4 July ••• ° 9 * DISPLAY OF PORK. MEDALS FOR NEW ZEALAND EXHIBITORS. ' (UNITiD PSEB3 ASSOCIATION* H { ELECTRIC TfirrrSAPH—COPYRIGHT.) LONDON, December 21. Australian and New Zealand pork had a splendid advertisement when Mr J. H. Thomas (Secretary for the Dominions) visited Smithfield and inspected the special Christmas display by Messrs Simons and Swain, Ltd., of Empire pork, and distributed the medals won in the competition as' follows: — Australian: Fitzroy first, Anchor second. New Zealand: Waione first, Auckland Farmers' Co-operative Association second. The experts were greatly pleased with the quality. Among those present were Sir Thomas Wilford and Sir Granville Ryrie . (New Zealand and .. Australian High Commissioners) and a dozen Press photographers. The British Movietone News will show the film throughout the country. BRADFORD TOPS MARKET. (UNITED PEIESB ASSOCIATION—BY ELECTRIC TSLEGRAPH—COPYRIGHT.) LONDON. Decernber 21. The Uradford tops market is with prices slightly easier. PRICE OF GOLD. LONDON. December 21. Gold is quoted at £6 2s Id, a fine ounce PRICE OF SILVER. (BRITISH OrFICIAL WIRELESS.) RUGBY, December 21. Silver is quoted as follows: Spot: 20 7-16 d an ounce. \ Forward: 20 9-16 dan ounce. HIGH COMMISSIONER'S REPORT. Tlie Deparluuiut of Agriculture lias, re ceived the following cablegram, dated December 19th, from the High Commissioner for New Zealand, London: — TALLOW. No auction till January 6th. Market continues quiet, with spot quotations nominally unchanged, i HEMP. Manila —Market' quiet under selling prebsure and limited support. "K" grade for December-February shipment sold £l9; Janu-ary-March shipment at the close value, £l9 j os. Output of Manila from January Ist to December 13th, 1,012,000 bales, against 1,260,000 for same period last year. Stocks in the United Kingdom at November 30th 25,391 bales, against 11,000 saYne timo last year. Stockß in Manila at December Ist 89,000 bales, against 116,500. _ Sisal —Market quiet and easier, closing sellers No. 1 fair average quality for De-cember-February shipment, £l7; No. 2, £l6. New Zealand —Market quiet, and values nominally unchanged. No first-hand sales re- ' ported. Stocks of Nctv Zealand in the United Kingdom at November 30th. 27 tons. j against 23 tons. WOOL. Wool sales closed December 17th. After urgent needs covered, irregularity developed, and prices eased. Considering general economic position and exchange difficulty, clearance good, as offerings larger than usual. Compared with closing rates last series, merino fine, par to 5 per cent, lower; ®\® r ' age quality, par to 5 per cent, better; fine crossbred, 10 per cent, to 15 per cent., say, 1d to 8d higher; medium coarse, 7J per cent., say, id per lb lower; slipe. par to 5 per cent, dearer. Average closing values: Merino, super lOd to lid, average 8d to 0d; crossbred, average to super 56-58 s lid to Is id, 50-56's BJd to lOd, 46-48 s 6id to 6fd, 36-44's 51d to 61d; 188.000 ba]es catalogued, of vhich 154,000 sold, Torkshire tnl-ing Bfi.OOO. Continent 66.000, and Americn 2000. Carry-over 77.000, including 53,500 not offered. Next series commences January ( 13th.

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. There was a moderate turnover on call yesterday. Prices on the whole were firm, although some Australian stocks receded slightly. Transactions, exclusive vestibule business, included : • 400 Commercial Bank of Australia (late sale 21st). 1.00 Bank of New Zealand. 200 Goldsbrough. Mort. 100 United Building Society, LOGO New Zealand Refrigerating (10s paid). 200 Christchurch Gas. 10 Colonial Sugar (late sale •21st). 500 Cornish Point. 1000 Golden Point. 500 King Solomon. 150 Okarito. A late sale of Commercial Bank ot Australia shares on Monday was reported at 16s Bd, but sellers yesterday offered at 16s 3d, buyers at 16s. Bank of New Zealand shares. recovered to -los 6d. buyers laying in at that price, sellers at 15s Bd. Miscellaneous. Goldsbrougli, Mort shares relapsed to 2-3s 9d and 235. and more were offered at 23s 4d, buyers at 235. "United Building Soeietv shnres realised 14s 6d, market closing 14s 3d buyers, 15s sellers. New Zealand Refrigerating, 10s Pj«<4 shares, remained unaltered at 4s • 9d, market closing Id on either side. Christchurch Gas shares were fractionally firmer at 20s 2d. closing quotations 2d' on either side British Tohnccos were easier, with sellers at 2Cs 9d buyers at 2os 3d. A late sale of Colonial Su«'.ar shares on Monday was reported at £4O, and sellers vosterdny wanted Gil 10s buvers at £36. Cornish Point GoM Mmm./ shares wero firm at 3d. buyers staying in at that 'M'iee sellers nt Sid. Golden Point Gold Mining shnres remained J-n----altered nt 7'.d and there were further tollers nt thfit price, buyers at «1Kin" Polopions were :> sh:i<V easier nt Is 11 'd Okn'■'tos rdvnrrd to dealing 'nt 10s 7d nnd 10= Bd. 'buvers stavinrr in at the higher future, sellers nt 10s fid.. . . ,

Sales Reported— ( Commercial. Bank of Australia (late sale Hist) 0 16 8 Colonial Sugar (late salfe 21st) ... ... iO 0 0

COMPANIES REGISTERED. The registration of tho following new companies is notified in the current issue of the "Mercantile Gazette' : Cameron Smith (K. ~ T.td. Regd. as a private company, December 7th 1931 Office 39 Cathedral square. Capital: i7OOO into 7000 fully paid shares of £1 each, Subscribera- V K Smith with H. Biclcnell jointly 4666 6 A. McKay 2334. Objects: To ac quire and take over as 'a going concern the whole of the stock-in-trade and goodwill, plant, etc.. of K. Cameron Smith, wholesale and retail'chemist. Snowy River Sluicing Co.. Ltd. Kngd. December 10th. 1081. Office 213 Manchester street. Christchurch. Capital: £30,000 Into 120.000 shares of 5s each. Subscribers: Christchureh. H. P. Bridie, W. R. Cvompton, C. AVelseford, I. C. Macintyre, H. A Tnwood R. A. Dixon. O. W. B. Anderson, all COO shares each. Objects: Mining and incidental. Jones (C. E.), Ltd. Regd. as a private company December 12th. 1931. Office: 174 Manchester street, Christchurch. Capital: £2OOO into 2000 shares of £1 each, Subscribers: Christchurch, C. E. Jones. A, h. Jones, JOOO shares each. Objects: To cary on tho business of auctioneers, land agents, etc. Industries. Ltd. Regd. as a private company December 7th, 1931. Capital: £IO,OOO into 10,000 shares of £1 each. Subscribers: Auckland J. A. Gentles 5500, S. Medley 500, J. S. Whi taker. E. 11. Rhodes 250 each; Wellington, J. A. Doctor 500: Christchurch, E. E. M. Templin 500; Dunedin, W. A. Mitson 250, H. D. Kerr 1250, Robt. Nicol 1000. Objects: To establish companies, etc., for the prosecution of undertakings, works projects, enterprises, industries, businesses, and general incidental. N.Z. Shareholders Trust, Ltd. Regd. December- Bth. 1931. Capital, £IO,OOO in 3 0,000 shares of £1 each. Subscribers: Auckland, h. Hewitt, G. H. Allison, S. R. Grange, R. 11. Pielder, D. E. Sutherland, A. Orange, I. lon 1 share each. Objects: Deal in shares, etc., and act as brokers, trustees, and financiers, etc., and incidental. Waikakaho Victory Gold-Mining Co.. Ltd. Regd. December Ist, 1931. Capital: £2500 ;in 10,000 shares of 5s each. Subscribers: Blenheim, E. J. Bourke 40, L. S. Jellyman 40, R. W. Fisher 40. E. S. Parker 40. J. W. Gosling 60, W. T. Churchyard 20, P. Mogridge 40. Objects: Gold-mining and incidental. Nahr's Breweries, -Limited. Regd. as a private company December 7th, 1931. Capital: £SOOO. into -5000 shares of £1 each. Subscribers: Westport, 11. Nahr 4998, J. A. Nahr 1, W. Nahr 1. Objects: Business of brewers, maltsters, and incidental! Dunedin Masonic Hall Co;, Ltd. Regd. December 11th, 1981. Capital :' £6OOO into 1200 shares, of £5 each. - SmJscrjbers: Dunedin, E. W. G. H. Watts,.%iiri Bewg, ■ W.-R. Krugh 80 shares. F.U.;Williams 80, G.. T. liiodlty and J,, JTacobs Bj>, J,! R. Cameron and son &0, A. J. Allen 'BO, T. W. DobbiaJVD. Terry, and J. T. ; : Hamann. 80, W. Ripley,- A. V. Gain, and Geo. Strattoi| 80, H. W. Miller and W. Fleming 80, J. A. Robinson 80. Objects: To build and provide for the upkeep of a Masonic Hall. FOREIGN EXCHANGES. IBRITIBB OrriCUL WIHELF.SS.; December 22nd, 5.5 p.m.) RUGBY, December 21. 'l'ii6 following aia the current rates oi exchange, compared with lho»e of December ■ 18U' and par:

METALS MARKET. (UNITED PRISIJ ASSOCIATION— BI II,»CTBIC TtLIQBAPK—COPTBIOHT.) • (BeceiTed December 22nd, 7 p.m.) LONDON, December 21. Quotations:

Standard, per oz. 20 7-lCd ?0 7-16 d Fine, per 07.. .. 22 1-lGd 22 l-16d Settlement prices at 1.30 p.m. \londav were i!s follows:—Copper, standard. £4O 2s Gd: li'ad. £ls ss: spelter. .Cl 4 15s: fin. £l4l. AUCKLAND GRAIN MARKET. TTHE PRESS Special SeTvice.] AUCKLAND, December 22. Fowl wheat is very firm, and local rates, have been raised to 6s lOd per bushel, ex store. There is no change to report in local values for maize, but the Gisborne market seems a little easier. A line -was offered from Gisbcrne lately a? 4s 3d per bushel, f.o.b. Barley js still being sold at low prices, but stocks are getting low, and the latest purchases from Australia will show higher landed costs. There are plentiful supplies of potatoes from Pukekohe- and suburban districts, which are selling at 8s 6d per cw t. Californian and Oanadian onions are now practically off the market, their place being taken by Victorian, of which the Kartigi landed a good cargo yesterday. Tliese opened up in capital condition, and the bulk waß quickly cleared at about 14b per cwt, ex wharf. Limited quantities of locals are also being offered through the auction marts and retail stores. Pollard, chiefly Australian, is still selling freely, with quotations unchanged. Bran has a dull sale. -

LATEST QUOTATIONS. Buyers. 8 X' s. d. £ N.Z. Government Debentures — 41 per cent. Inscribed, 1938 . .. 1)5 10 0 97 U per cent. Bonds, 1938 OS 10 0 90 oi per cent. Inscribed, 1933 •• 97 10 0 oi per cent. Bonds, 1941. .. 07 10 0 5J per cent. Inscribed, 1933, and Bonds. 1933 • • •• 'W. 15 » 5.j per' cent. Inscribed, 1936 .. •■ 93 15 0 100 5h per cent. Inscribed, 1937, and Bonds, 1937 ... .■ 100 O 0 5i per cent. Inscribed, 1951 ' • .. .. ;oo 0 0 Other Debentures — Cbristchurch City, ">i • per cent., 1954 — 98 North Canty. Hospital, 5J per cent., 1950 .. — ' 1U0 Waimakariri Itiver Trust, 54 per cent., 1965 .. .. 99 2 fi Hauraki Plains, 6 per cent.-, 19C2 — 100 Waitomo County Council, G per cent., 19G4 — 10U Banks — Comm. o£ Auat. 0 16 0 0 Comm. of Aust. tpjei.) 6 6 6 (i Comm. of Sydney 14 0 0 15 K., S., and A. ..4 9 9 4. National of Australnsia (£10 paid) .. 10 10 0 National of Australasia • (£5 paid) .. .. 5 0 0 6 National of N.Z. (cum div.) .... 4 0. 0 4 New South Wales .. 28 . 7 fi '.'9 New Zealand .. 2 5 fi 2 Union of Ami. .. 7 15 fi 7 Insurance — National . .. .. 0 12 8 (1 Loan and Agency— JDalgety and Co. 7 13 0 7 Goldsbrough. Moit 13 0 1 N.Z. Guarantee Corpn. 0 4 9 0 United Building Society (I 11 5 0 Shipping— Union (pief.) .. 0 19 6 Frozen Meat— N.Z. Refrig. (£1 paid) 0 11 8 0 N.Z. . Ilefrig. (10s paidy 0 4 8 0 Woollens— Mosgiel .. .. 6 15 0 Coal— . Wcstport . .. ... 13 0 1 Stockton (oid.) .. 0 0 5 0 Stockton (ptcf.) .. 0 0 6 GasAuckland • .. . • 13 9 Christ church 16 0 1 Christchurch (IPs paid) 0 ]2 9 Breweries— New Zealand .. .. 18 7 1 Staples .. .. 15 0 1 Tooths .. ... 1 ' 3 3 1 Miscellaneous — Allied Motom .. 0 11 0 Australian Distillery .. — 0 Australian Glass 1 ti: 0 1 British Tobacco (cumdiv.) * ... ..'1531 Burns, Bhilp .. .. 1 11 0 Colonial Sugar .. 36 0 0 41 Dunlop Perdriau Rubber .. .. 0 11 10 0 M.t. Lyell (ex div.) .. 10 1 1 N.Z. Drug Co. 2 7-62 N.Z. Farmers' Co-op. (1st prcf.) .. — i N.Z. Farmers' Co-ou. (&J per cent. - Stock, 19-10) .. .. 50 0 0 N.Z. Farmers' Co-op. (6$ per cent. Stock, 1945) ' .. 48 0 0 North Canty. Co-op. Flour 0 10 0 Quill, Mortis . 0 1 0 0 Victoria Nyanza' Suga" 0 17 0 Whitcombe and Tombs 2 15 0 2 Wilson's Cement- .. 1 14 0 1 Wunderl ii'h .. 1 4 C Mining— Alexander .. .. 0 10 0 Alexander (contr.) .. 0 9 0 Cornish "Point .. 0 0 3 0 Golden Dawn .. ..0 7 2 0 Golden Point .. .. 0 0 7 0 .!ving Solomon _ .. 0 111 0 Mahakipawa .. * • • 0 0 -U 0 Mahakipawa (pr'ef.) .. 0 0 5 0 Okarito 0 10 8 0 WaiH 0 16 1 0 Waihi Grand .Junction 0 3 8 0 Golden Progress 1 19 3 2 ■Here, s. d. 0 0 10 0 15 0 0 0 10 0 0 0 0 0 1U 3 14 0 5 0 11 0 7 0 1 0 0 0 17 6 13 4 19 0 3 4 5 6 15 0 .11 9 4 10 4 9 0 7 6 4 8 11 7 3 3 9 1 3 14 0 10 0 6 9 10 0 13 0 0 6 8 0 10 0 2 3 13 9 15 0 O 3* 7 4 0 74 2 0 0 5 0 6 10 9 1G 4 3 11 5 0 YESTERDAY'S SALES. CHRISTCHURCH. Sales on 'Change— Bank of New Zealand Goldsbrough, MortUnited Building Society ... New Zealiind Refrigerating (10s paid) ... (2) Christelniroli Gas . (2) Cornish Point Golden Point ... (3) King Solomon Okarito ... - £ 2 \ 1 0 0 1 0 0 0 0 0 0 s. d. 5 6 3 9 3 0 14 6 4 !) 6 a 0 a (1 7 J 1 Hi 10, 8 10 7 10 8

AUCKLAND. Sales on 'Change- £ „ d Inscribed Stock, 1927-41, 5{ per cent. Bank of New Zealand South. British Auckland Gas Colonial Sugar Tooths Brewery Farmers' Trading Co. Waihi 95 15 2 5 2 13 1 4. 40 0 1 3 0 5 0 16 0 3 9 0 0 5 !) 2 WELLINGTON. Sales Reported— £ ... d. l?ive and a Jia.lt' per cent. Stock, 1937 Commercial Bank of Aust. (ord.'j ■■• ■■■ Bank of New South Wales Bank of New Zealand 100 5 0 10 28 7 L> 5 0 4 G 3 0 Wellington Trust and Loan N.Z. Refrigerating Co. (10s.) National Bank of Australasia (£5) Okarito 6 i 0 5 0 0 4 7 11 0 « 6 0 DUNEDIN. Sales on 'Change— . v . s. d. Commercial Bank New Zealand Breweries .. Okarito Sales Reported— Okarito • • ( 4 ) (i 1 0 0 0 16 8 10 10 10 6 7 8 9 9

Par. Dec. 18. Dec. 21. l'aris, fr. to £1 124.21 84 15-16 86i Now York, dol. to £1 4.866 3.34 3.3»i Montreal, dol. to £1 4.866 4.10 4.2U Brussels, belgas to £1 35 23 15-16 21jj Geneva, fr. to £1 .. 25.225 17.10 17g Amsterdam, .fl. to £1 12.107 8.30 S7-16 Milan, lire to 11 .. 93.43 66 G6g Berlin, roichmarlcer. to £1 20.43 1'U • 14 5-16 Stockholm, kr. to £1 18.159 17 15-16 lb Copenhagen, kr. to £1 18.159 18i 181 G&16, kr. to £1 .. 18.159 18J 18i Vienna, schgs. to £1 34.585 28 28 Prague, kr. to £1 .. 164.25 113 114 Helsingfo'ra. marks to £1 93.25 237i . 240 Madrid, pesetas to £1 24.225 391 40 Lisbon, eacudo* to £1 .. .. 4.50 1092 I09S Athens, drach to £1 '375 257 J. 260 Bucharest, lei to £1 . 816.6 555 572J Rio de Janeiro, penes to milreis 4.988 4i 4J Buenos Ayrea, pence to dol. 47.577 40J ' 17J Montevideo, pence to dol 51 3 J J 311 Bombay, pence lo rupee 16 18 5-32 18 9-64 Shanghai, pence to tael 24), og 3 24| Hone; Kong, pence to dol. .. 21 173 • l 17|Vckohama, pence to yen 24.85 SO m

Dec. 17. • Dec. 21 per ton. per ton Copper— £ 8. d. £ a. d. Standard, spot .. 33 8 0 40 3 9 Forward .. 39 12 G 40 16 3 Electrolyt. ic .. 43 10 0 47 0 0 to .. 13 10 0 49 0 0 Wire bar: .. 45 10 0 49 0 0 American ck-clrc ilytic: 7J cen Is per lb. LeadSpot .. 15 0 0 15 3 9 Forward .. 15 5 0 15 11 3 Spelter— Spot .. 14 6 3 .14 IS 0 id Tip— .. 14 16 10J. 15 3 9 Spot, .. 138 11 3 .141. 1 3 Forward .. 141 8 <J 144 ] 3