CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVIII, Issue 20497, 16 March 1932, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. • Markets generally were firm, but dull on call yesterday, and there was a moderate turnover. Quotations for Government debentures were made on the basis of the interest accruing to the buyer instead of to the seller as heretofore, a new departure on New Zea: land exchanges, which is referred to elsewhere in this issue. Transactions, exclusive of vestibule business, in eluded:— 400 Comm. Bank of Aust. 250 Bank of New Zealand. 100 N.Z. Guarantee Corporation. 500 N;Z. Eefrig. (10s paid). 100 British Tobacco (cum div.). 100 Gordon and Gotch. 200 Golden Dawn. 400 King Solomon. 500 Mahakipawa. 200 Okarito. Commercial Bank of Australia shares had dealings at 13s lid and 13s lOd, raarket closing 13s lid buyers, 14s sellers. Bank of New Zealand remained at 42s 4d, but there were further buyers at that price, sellers at 42s 7d. Miscellaneous. Morts were firmer on buyers' offers 225, sellers at 22s 2d; N.Z. Guarantee Corporation shares remained at 4s. N.Z. Refrigerating 10s paid were firm at 3s 8d and 3s 9d, market closing 3s 8d buyers, «*s 10d sellers. The markets for Shipping and Woollen Company shares were bare. British Tobaccos, cum dividend, advanced to 26s 9d, closing quotations Id on either side. Gordon and Gotch scares realised 245, and there were further buyers at 23s 9d, sellers at 265. Golden Dawn were fractionally firmer at 7s lid, 7s 2d, and 7s 3d, and more were wanted at 7s 3d, sellers at 7s 4d. King Solomons shaded to Is 3id, and Is 3d, sellers staying in at tfie lower price, buyers at Is 2kl. Mahaldpawas were taken at 4d, market closing id on cither side. Okaritos remained una!-; tered with buyers and business at 8s lOd, sellers at 8s lid.

LATEST QUOTATIONS. Buyers. Sellers £ a. d. £• a. ct

YESTERDAY'S SALES. CHRISTCHURCH. Sales on 'Change—- ' £ s. d. Comm. Bank of Aust. (2) 0 13 11 Bank of New Zealand ... 22 4 N.Z. Guarantee Corpn. ... 0 4 0 N.Z. Refrig. (10s paid) (3) 0 3 8 0 3 9 British Tobacco (cum dir.) 1 G 9 Golden Dawn (2) 0 7 lj 0 7 2 0 7 3 King Solomon 0 l* 34 ' 0 1 3 Mahakipawa 1 (2) 0 0 .4 Okarito (2) 0 8 10 Sales Reported— Comm. Bank of Aust. ... . 0 13 10 Bank of New Zealand ... 22 4 Gordon and Gotcli ... 1 4 0 DUNEDIN. Sales on 'Change—- £ s. d. Okarito .... ... • 0 .9 0 King Solomon ... (3) 0 1.3 Sale Reported— Electrolytic Zinc (pref.) 1 O B

AUCKLAND. £ s. d. Sales on 'Change— „ Bonds, 1937, 5* Inscribed Stock, 193/, ol „„ q per cent,. ... Jq n Comm. Bank of Aust. ... oid 1 Hank of N.S.W. < 2 ) gfl 0 Bank of New Zealand ... % 2 6 South British Insurance ... J » N.Z. Breweries . ■ j „ " Australian Giass ... ••• 1 Farmers' Trading (B pref.) 0 I<> '* Grey and Menzies •• • « „ 9 Woolworths (pref. rights) ... U « " King Solomon ... ••• Golden Dawn ... u 1 6 WELLINGTON. Sales Reported— £ s <1 41 per cent. Bonds, 1939 92 0 0 44 per cent. Bonds, 1908 92 - ■■ Bank of New Zealand (2) - - - SYDNEY. Quiet conditions continued on the Sydney Stock Exchange yesterday (reports a Press Association cable message), but the market was quietly confident awaiting developments in the financial and political spheres. Morning Sales — £ s. d. Australian Insert Steele, 4 - 5, and 3 per cent. 1934 94 10 0 Bonds, 4 per cent., 19*8 • ■ 94 12 Bonds, 4 per cent., 1941 • • 92 15 o Bonds, 4 per cent., 1944 .. 91 lo Bank of New South Wales -8 17 0 Bank of Australasia, ■ N - /J - g Q delivery ** Closing Sales — £ s. ti. Bonds, 4 per cent., 1938 .. 94 13 9 Bonds, 4 per cent., 1941. .. 9-- lo 0 Bonds, 4 per cent., 1944 ... 91 17 j Bonds, 4 per cent., 1951-oo 90 10 0 Bonds, 4 per cent., lo ® Bonds, 4 per cent., 1901-j7 912 6 Bank of Australasia, New _ Zealand delivery 10 » " Bank of New South Wales >8 17 6 Commercial Bank of Sydney 15 la 0 Colonial Sugar • • 41 0 0 Huddart, Parker, ex div., 1 5 b Howard Smith • • „ 2 Burns, Philp • • . 2 0 0 Australian Gas A. .. . «> 1 « Australian Glass „ British' Tobacco .'1 10 * Goldsbrough, Mort ..1 4 10J Dunlop Perdriau . . 011 a Tooth's Brewery • • ' 1 ° Ji Broken Hill Proprietary .. 016 0 South Broken Hill ..273

MELBOURNE. ; r'\ ■ £ s. d. Goldsbrough, Mort .. 15 3 Carlton Brewery .. 1 9 0 Australian Glass .. 114 9 British Tobacco •• 110 9 Electrolytic Ziiic, pref. .. 13 9 Gordon and Gotch •» 1 ® P. AND O. QUOTATION. (UNITED PRESS tSSOCIVTIOX —BI ILXCTBIC TELEGRiPH—COPTRIQET.) LONDON, March 14. P. and 0. deferred stock is Quoted at 22s lid. FOREIGN EXCHANGES. ' cbbitish ovnciax> mmxit&u.) (Received March 15th, : 5,5 p.m.) ' ' 'BTOBSyV March >l4. The following are the current, rates of exchange,- compared with those of Marca ,12th and par; ■■■?. :, r , - • • Par. Mch. 12. Mch. M. Paris, - fr. to £1 ;. 124.21 92i 92fc New York. dol. to £1 4.866 3.63 i, 3.G3 Montreal, dol. to £1 <1.866. 4,06 4.01 Brussels, belgas to £1 35 26 -5.80 (jeneva, fr. to£l .. 26.226 :182 18 23-32 Amsterdam, fl. to £1 12.107. V 9:OSJJ 8.991 Milan, lire to £1 95.43. 7PI 691 Berlin " • reirhmarken. ■ , to fl .. .. 20.48' "19 9-32 15.20 Stockholm, kr. to" £1 • 18.159 ' " 18.10 18 9-lb Copenhagen, kr. to £1 '■ 18.159 18,16 18.15 Oslo.-kr. to £1 _J18»159. M7rl6 181 Tienna, schgs. to £l' 84.585 " . . 262 ,82 (nom.l (nom.) Prague, kr. to £1 .. 154.26 122J 122J Relsingfors,* marks to £l .• .» .. 93.25 217}. ' 2171 Madrid, pesetas to . " £1 ..... ' .. 24.225 474 *>h Lifbon, escudos ; to £1 .. .. '4.60 110 110 Athens,- dracli to £1 375 ■■■■ 2874 285 Bucharest, lex Ho £1 .816.6 610 607$ Rio de Janeiro, 'pence ' ~ to milreis 4.988 4 1-36 41-16 Buenos Aires/ pence to dol. .. ..- 47.577 38J 38* Montevideo, pence to dol. .. ..Si' 80} 30} (nom.) (nom.) Bombay, pence to ■ rupee .. ..16. 18 5-32' 18 5-32 Shanghai, pence to tael .. - 241 2125-32 2113-16 Hons Kong, pence to dol. .. ' .. 21 15 31-32 " 16| Yokohama, pence to yen .. 24.85 20J 20J

, METALS MARKET. (VKrixD PBKSS ASSOCIATION —BT ELKCTEIC ' "TKLHGBAiH— COPTBTOHT.) ~ LONDON, March 14. . Quotations: — * March 9. Marc& 14. per ton. per ton. Copper— ' £ s. d. £ 8. d . Standard, spot .. 32 18 9 ,33 13 9 Forward .. .. 83 6 3 33 16 5 Electrolytic ... 37 0 0 86 15 .0 to .. ' .. 38' 0 0 S7 15 0 Wire bars .. 38 0 0 37 15 0, American electrolytic: 6 '.cents. per lb. Lead— Spoi .. ... .12 12 6' 12-12 6 Forward .. ... 13 3 9 13 0 0 Spelter— . Spot .. i2 15 0 12 13 9 Forward .. .. 13 3 9 3.3 -3 9 TinSpot .. .. 130 0 0 129 16 3 Forward .. .. 181 12 6 131 8 9 Silver— Standard, per or..' 17Jd 18 7-16 d Fine, per oz. .. 181 d 193 d

RANGIORA MARKET. There was a large attendance at the weekly . market yesterday, and the yarding of sheep was the largest seen in the yards for some months. - Mostly store, sheep were yarded, for which there was a fair/demand. There were several large lines of sound' mouth, sheep which found a ready tale. The following was the range of prices:— For fat lambs 13s 6d to 18s, fat ewes' 7s to 10s 9d, fat wethers 14s lOd to 17s 9d,' ij.m. half bred ewes 6s to Bs, fair mouth ewes 4s 6d to' 6s, fpur and six-tooth wethers lis to 12s 6d, forward ewes 8s 6d to 5s 3d, store lambs 6s Id to 10s. There were oo cattle sold. In the pig'pens there were about 120 pigs. Best baconers made up to £2 10s6d, light bacon £2 Is 6d to £2 4s6d. Big weaners 10s to lis, small weaners 8s to- 9s 6d. In the poultry section roosters sold to 8s a pair, hens ,2s 6d, ducks 2s 6d, ducklings 4s, turkey/gobblers 20s, hens lis. • Chick wheat brought 15s a bag, oats 12s 6d, meal 5s to 10a, oatsheaf chaff *3, straw chaff 2s, potatoes 3s, cabbages 3d to _ 4d, lettuces 2d, onions 2d to 9da string, carrots 2d' a bundle,' beetroot Id, marrows>.4& to 6d each*-cucumbers 2d to 4d, pumpkins 24, to 4d, .tomatoes 2d to 3d lb, apples .Is 3d case, peaches 4s 6d. . .. " Skins, etc.—Half bred sheepskins made from 3s to 4s, crossbred 2s .to 3s'6d, pelts 9d to Is 6d, hogget 6d to Is 6d, calfskins 9d to Is 3d, , hides. 7d, wool, 3d , .to 3Jd lb, crutching* Id to lid, fat (d, horee-

N.Z. Government Debentures — 4j per cent, inscribed, 1938 and 'J93J, and 92 7 Bonds, 1&39 91 10 0 6 ii per cent. Bonds, 1933 91 10 0 92 5 0 5£ per cent Inscribed, 1933 ... 97 15 0 98 15 t> 5j per cent. Bonds; 1933 .. •■ 97 10 0 — Si per cent. Inscribed, 97 7 Feb. and Sept., 1937 95 0 0 6 5J per cent. Bonds, February, 1937 95 0 0 96 0 0 5J per cent. Bonds, 97 0 September, 1937 95 0 0 0 Other Debentures — ChrisU:hurch Tiaras, Ci per cent.. 1934 102 0 0 ' — Wellington Hospital, 5J per cent., 1935 — 97 10 0 Ohristchurch City, 54 per cent., 1945 91 0 0 98 0 0 Banks— 1 - Australasia (turn div.) 819 0 9 1 0 Comm. of Aust. '.... 0 13 11 0 W 0 Comm. .of Aust. (pref.) 6 4 6 6 6 O E., S., and A. 4 1 6 4 3 ® National of AiistjuIasiA ■"i (£10 paid) " 9 S 0 —£ National of .Australasia (£*' paid) .. v A 10 0 **v0 '0 National cf N.Z. ■i .7 0 3 10 0 New South Wales, 24.17 fe 2 e New. Zealand " .. 2 2 '.4* 0 s •X 2 -f 1 t'nion «f Atist. . ..* 6 12 ,616 0 Insurance— New Zealaril .. • 135 6 1 J7 6 Standcrd .. — 2 0. .0 Loan and Agency— Christchurcii Building ■ Society — 12 2 6 Dalgety and Co. 7 i 0 7 1 0 GoldBbrougb, Mort 1 2 0 1 2 2 Mutual Benefit ' — 11 * S 0 .N.Z. Guarantee Corpn. 0 3 10 0 4 3 Permanent Investment '■ — 10 0 0 United Building Society (cum div.) ;. .T* • — 0 IS 0 N.Z. Loan and Mercantile (or(I. stock) — 47 10 0. Frozen Meat— N.Z. Refrig. (£1 paicl) 0 9 11 0 10 3 N.Z. Eefrig. (10s paid) 0 3 8 0 3 10 Coal— • Grey Valley ' .. 0 9 0 0 13 0 Westport .. 0 19 0 1 0 3 Oas— Auckland .. .. 1 1 9 — Christchurch .» •. 1 4 0 1 4 6 Breweries— New Zealand .. : .. 1 3 0 13 2 Staples 1 1 6 1 3 6 Timaru (7s 6d paid) .. — 0 5 e Tooths 1 2 0 — Miscellaneous — Australian Glass 1 8 6 1 11 6 Bca'th and Co. (pref., 1 3 cum div.) .. 0 19 9 0 British Tobacco (cum div.) 1 6 8 1 6 10 Colonial Sugar 36 0 0 37 0 0 Dunlop Rubber 0 9 6 0 10 1 > Electro. Zinc (pref., cum div.) 1 0 7 1 1 0 Gordon and Gotch 1 3 9 1 6 0 Henry Jones Co-op. .. 1 4 6 — Mt. Lyell 0 19 4 0 19 7 N.Z. Drug Co. (emm div.) 2 5 8 2 7 9 N.Z. Farmers' Co-op. (6i per cent. Stock, 1940) 43 10 t 50 0 0 N.Z. Farmers' Co-op. (64 per cent.' Stock, • 1945) 43 0 0 — N.Z. Farmers' Fertiliser 0 6 0 0 13 North \ Canty. Co-op. T* Flour (cum div.) .. 0 10 • — Victoria Nyanza Sugar 0 14 3 0 16 0 Whitcombe and Tombs 2 11 0 ..2 17 0 Woolworths (N.Z.), pref., ex rights 1 3 0 Mining— Cornish Point 0 0 1 0 0 2 Golden Dawn 0 7 3 0 7 4 Golden Peint 0 0 6 0 0 8 Kins Solomon 0 1 24 0 1 3 Mahakipawa 0 0 3J 0 0 41 Mahaliipawa (pref.) 0 0 3 0 0 Vs Okarito 0 8 10 0.8 11 Waihi 0 15 3 016 3 Woihi Grand Junction 0 3 1 0 3 9 Blackwater .. ., 0 5 9 0 6 8