CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVIII, Issue 20647, 9 September 1932, Page 12

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS*. Markets were again active- on call yesterday, and prices generally werefirm at late rates, while further advances were scored by some stocks. Shares in the banking, pastoral, and frozen meat sections attracted the bulk of the business. Transactions, exclusive of vestibule business were: £7OON.Z Govt. 5i per cent. Bonds, Sept., 1937. 20 Bunk of Australasia (cum div.). 700 Comm. Bank of Aust. 130 E., S., and A.- Bank. 100 Bank of New Zealand. 100 Union Bank of Aust. , 200 National Insurance. 190 Dalgety and Co. 300 Goldsbroug.h, Moil. 100 N.Z. Guarantee Corpn. 100 N.Z. Refrig. (£1 paid). 1300 N.Z. Refrig, (10s paid). i! 00 N.Z. Breweries. 000 Electro. Z'inc (ord.). 700 Mt. Lyell. 500 Cornish Point. 900 Golden Point. 100 Waihi.

New Zealand Government o£ per cent. Bonds, duo September, 1937, changed hands at £99 10s. Bank of Australasia shares, cum dividend, were easier at £9 Bs, buyers staying in at that price, sellers at £9 10s. Commercial Bank of Australia shares had dealings at 15s 7d and 15s Gd, market closing 15s 6d buyers, 15s 7d sellers. E., S., and A. Bank shares were easier at £4 15s and £4 14s, and there were further sellers at £4 15s, buyers at £4 10s. Buyers of New iSouth Wales raised their bids to £27 15s, sellers at £2B 7s 6d. Bank ol New Zealand advanced to 47s 6d, buyers staying in at that price, sellers at 495. Union Bank of Australia rose to £7 13s and £7 13s 6d, market closing £7 12s 6d buyers, £7 15s sellers. Miscellaneous. National Insuranco shares were fractionally firmer at 14s 4d, closing quotations 2d on either side. Buyers of New Zealand Insuranco raised their bids to 43s without attracting sellers. Dulgety and Company shares were firmer with dealings at £8 and £8 Is, and further buyers at £8 Is, sellers at £8 ss. Goldsbrough, Morts changed hands at 26s 2d und 265, market closing 26s Id sellers, 25s lid buyers. New Zealand Guarantee Corporation shares remained unaltered at 6s. New Zealand Refrigerating fully paid shares were fractionally weaker at 10s lid, and more were offered at lis, buyer? at 10s 9d —the 10s paid eased to 4s 2d and 4s, and there were further sellers at tho lower figure, buyers at 3s lOd. New Zealand Breweries shares advanced to 29s lid and 30s, and moro were wanted at 30s, sellers at 30s 4d. Staples had improved demand at 26s 3d. sellers at 325. Beath and Company cum dividend of 4 per cent., making 8 per cent, for the year, were firmer with buyers at 22s 6d, no sellers. Electrolytic Zinc ordinary shares had dealings at 17s 8d and 17s 7d, and more were offered at 17s Gd, buyers at 17s 4d —sellers of the preference reduced their limits to 265. buyers at 25s 6d. Mt. .Lyells changod hands at 225, 22s 6d, and 22s 9d, closing at 22s 5d sellers, 22s 3d buyers. Wilson's Cements were firmer with buyers at 33s 3d, sellers at 40s. Cornish Point Gold Mining shares realised 2d. Golden Points remained unaltered at 9sd. Waihis realised 16s 3d. Buyer's of Blackwaters moved up to 16s 6d, sellers at 18s. Consolidate! claimed buyers at 7a Id, but sellers were reticent.

SYDNEY STOCK EXCHANGE.

After the abnormal rush of the past week, the buying wave subsided yesterday on the Sydney Stock Exchange, although tho turnover was well above normal. Prices held well.

DAIRY PRODUCE. GRADING FIGURES. (IT.ES3 ASSOCIATION TELEGEAM.) WELLINGTON, September 8. , The grading figures of the Dairy IJivision of the Department of Agriculture for the month of August, 1932, show an increase for butter of 15.67 per cent, at 4207 tons (3637), and for cheese an increase of 80 per cent, at 432 tons (240), compared with the preceding season, lteduced to terms of butter-fat equivalent, there is an increase for the month of 17.600 per cent, over August, 1931. LONDON QUOTATIONS. The Now Zealand Loan and Mercantile Agency Company, Ltd., have received the following message from their London office, under date September 7th : Butter—lll p. to 112s. Market is firm. Cheese—White 635, coloured 57s to SSs. Cheese—"White 63«, coloured 67s to 58s. The market is firm. TINWALD CATTLE sXLE. About 86 head of cattle were yarded at the Tinwald saleyards yesterday, when a sale of springer cows and heifers was held. The quality of cattle was poor, and consequently bidding was not brisk. Most of the yarding was disposed of, however. ' A black cow in calf, sold on account of Mr h. Galletly. Haronan, topped the market, at £7 15b, while a good-looking: Jersey heifer sold on account of a Wakanui client brought £7 ss. The principal values realised were:- ' Heifers—ln profit, £5 5s and £1; coming into profit, £2 7s 6d, £4 17s 6d, £1 7s 6d, £5 Ss, £4 12s Cd, and £4 6s. Cows—Coming into profit, £8 17s 6d, £4 10s, £7 15s, £6 ss, £5 7s 6d, and £5 ss. An aged Shorthorn bull brought £3 2s Cd and a Jersey bull £l.

; CLEARING SALE. Ford and Hadfleld, Ltd., hold a successful auction sale of furniture on the premises, 02 Tui street, Fendalton. Tliey also submitted tho by public auction, and although the bidding was spirited, it failed to reach the reserve. Amongst the articles of furniture sold the following prices were realised:—Carpets, £4 15s, £5, £5 ss, £7' los; suite in moquette, £ls 10a; Singer sewing, machine. .£8 ss; duchesses, MS 6s, £3 10s, £5; battery wireless, £7; lino:, 18s 6d, £7 ss;. vacuum cleaner, £5 15s; china cabinet, £4 10s; oak wardrobe; £4 10s;;rug, £3 2s 6d; oak beds, £2 10s, £3 li3a;6d;,brass coal box, £2 2s 6d; 3 wireless masts,!'£ 3 ss; chairs, £l, £2 10s, £1 10s, 18s; brassware, 30s; small table, 255; oak cabinet, £1 2s 6d; seagrass, chair, £1 2s 6d; mat, 15s. PROPERTY SALES. Messrs Evans and Bull, Land and Estate Agents, Cathedral square, Ohristchurch, report amongst their repent sales the following;— • ;,..■ On account the mortgagees, 112 acres at Loburn,. to Mr J. -J. Ferguson; on account Mr Wm. Downey, 4J acres, Prebbleton, to Mrs Lees; on account Mr Bailey, 16 acres, Prebbleton, to Mr Ridden; on account late Mr Thomas Powell, 260 acres, Oxford, to Mr Win. McLean; on account Mr 3. P. Scott, 6\ acres, Bowen Valley, Cashmere, to Mr E. Smith; on account the mortgagees, 198 acres, Oxford, to Mr'M. O'Connell; on account Mr K. A. Oakley, 400 acres, Kakaia, to Messrs-. Buckingham- Bros.; on account the mortgagees. 540 acres, ' Oxford, to Mr Wm. Baylißs; on account Mr 3. L. Kinley, 340 acres, Oxford, to- Mr Wm. Baylies; on account the mortgagees, 2073 acres, Hororata, to Mr L. Gorman; on account Mr H. "E. Cox, llg, acres, Aranui, to Mr Cotton; on account Mr W. Bayliss, 12 1 acres, Papanui, to client; on account Mr Chas. Leech, 80 acres, Stewart'r Gully, to Mr R. McOlesve; on account the mortgagee, 66 acres, Springston, to. Mr R. Dew; on- account Mr G. A. Skerton, 65 acres, Hals well, • to Mr L. J. Shadbolt; on. account Mr A; W. Fairaum, 10 acres, Plaxton, to Mr A. Mcintosh; on account Mrs Caselberg, 5 acres, Riccarton, to Mr T. Rainey; on account Mr W. Orchard, 10i acres, Rangiora, toJJr A. J. Half aero;. on account Mr Golding, 48 acres, Lincoln, to Mr R. A. Belcher; on account cliemt, 12 h acres, Papanui, to Mr J. Craw; on aecount client, 10 acres, Ohofca, to Mr Trumper; on account Mr A. Bull, house property, Selwyn street, to Mr Popkin; on account Mr voice, house property, Hornby, to Mrs Dynes; on account Mr Berg, li acres, Bexir y I°*&' io Mrs Whittlngton; oh account Mr Cotton, house property, Roseberry street, to Mr Cox. ',.-.,. Their total sales from January Ist io August 81st, 1932, jimount to £91,784, an increase over the correfponding period of 1931 of £23,188. They report a very solid demand for farnv ing properties and a much improved demand' for house property, but the demand for rented- houses has slackened off. 6783

LATEST QUOTATIONS • Buye rs. Selie 13. £ a. d. £ B. <1. N.Z. Government Debentures— 4& per cent. Inscribed, 1938 .. 91 12 6 — <i per cent. Inscribed, 1939 94 ii 0 — 4£ per cent. Bonds, 1938 94 15 0 — 6J per cent. Inscribed, 1931 98 10 0 99 10 0 Ci per cent. Inscribed, 1937 £6 2 6 — Si per cent, Inscribed, 1933 98 0 0 — 5} per cent. Inscribed, 1933 .. % .. — 99 17 6 oj per cent. Bonds, 1933 99 0 0 — 5J per cent. Inscribed, 3936 98 17 G 99 7 fi 5J per cent. Inscribed, Sept., 1937 98 15 0 99 2 6 5| ocr cent. Bonds, Sept., 1037 99 5 0 — Other Debentures— N.Z. Breweries, Bonds 1 0 s — Glaxo, Ci per cent., 1946 75 0 0 85 0 0 N.Z. llefrig., GJ per * cent., 1935 — 94 0 0 Golden Point (£5), 8 per cent. .. — 5 0 0 Booth, Macdonald, kij per cant., 1937 30 0 0 40 0 0 i Piako County, 5| per cent., 1911 —' 97 0 0 Makerua Drainage, 6 per cent., 1946 — 00 0 0 Banks — Australasia (cum tliv.) 9 8 0 0 10 0 Coinni. of Aust. 0 35 G 0 15 7 Comm. of Aust. (pref.) 7 0 0 7 5 0 Coinro. of Sydney T4 11 0 10 10 0 K., S., and A. .. 4 10 0 = 4 15 0 National of Australasia (£10 paid) ii n 0 11 16 0 National of Australasia (£5 paid) .. 5 .14 6 5 17 6 National of N.Z. 3 18 6 4 0 0 New South Wales 27 15 0 28 7 G New Zealand '2 8 G 2 9 0 New Zealand ("D" Mortgage shares) .. 1 9 0 "Onion of Axist. 7 li! G 7 15 0 InsuranceMercantile Mutual 0 19 0 National 0 14 o 0 .'4 6 New Zealand .. .. i! 3 0 __ South British 2 17 3 2 17 8 United — 8 5 0 Loan and Agency — Dalgcty and Co. 8 1 0 8 5 (.' Goldsbrougb, ilorf 1 5 11 1 6 1 N.Z. and River Plato — 1 3 0 N.Z. Guarantee Corpn. 0 5 11 0 G 2 N.Z. Loan and Mercantile (ord. stock) 40 0 0 _ Permanent Investment 7 0 0 9 0 0 United Building Society (cum div.) .0 15 0 ■ — Snipping— Huddart-Parker (cum div.) .. . ... 1 0 0 1 10 0 P. and 0. Deferred Stock 1 0 n. — Union (pref.) .. J 0 0 - Frozen Moat — , Canterbury (ord.) 5 7 ii Canterbury (pref.) 4 4 0 4 30 0 Gear .. 1 13 0 ._.. N.Z. Keirig. (£1 paid) (.. 10 a 0 11. 0 H.Z. Refrig. (10s paid) 0 3 10 0 i 0 Woollens — . Kaiapoi (17s paid) (i 4 6 — M-Mgicl 6 10 0 — Coal — Grey Valley 0 0 0 0 14 6 Westport . 0 11 9 Stockton (ord.) 0 0 3 — Stockton (pref.) 0 O ] 1 0 1 4 Gas — Auckland , :i. i 3 1 'J 6 Christchurch i. 4 e — Breweries — Carlton ~ 1 12 G New Zealand 1 10 0 1 10 4 Monteiths » ■ 0 3 6 — Staples 1 6 3 1 12 0 Swan •- •>* 3 0 0 — Tooths .... i..: 1 8 11 1 » s

.Buyers. Sellers. £ s.d. £ s.d. Miscellaneous — Amalgamated Wireless (contr.) 0 17 6 0 19 0 Australian Glass 1 19 3 2 10 Heath and Co. (cum div.) X 2 6 ~~ Beath and Co. (Is paid, cum div.) .. 0 2 9 0 3 0 British Tobacco (cum' div.) ... 1 JO 0 1 11 0 Colonial Sugar U 15, 0 45 10 0 Dunlop Rubber (cum , div.) 0 14 0 0 14 S Electro. Zino (ord.) .. 0 17 4 0 17 6 Electro. Zino (pref.) .. 1 5 6 16 0 Henry Jones Co-op. 1 10 9 1 11 0 Howard Smith 0 9 0 0 10 9 Kauri Timber — 0 11 8 Milburn Lime 1 6 0 — m. Lyell 1 2 3 12 6 N.Z. Drug Co. 2 18 3 — N.Z. Farmera' Fertiliser 0 13 10 — N.Z. Paper Mills 1 0 6 — Taranaki Oil 0 1 7 OS 0 Victoria Nyanza Sugar — 0 16 6 Whitcombe and Tomba 9 17 0 S 3 0 Wilson's Cement 1 18 3 2 0 0 Woolwortha (N.Z.), prof. 1 6 6 — Woolworths (new, fully paid) .. 1 6 0 _» Zealandia Soap 0 4 3 0 5 3 Mining— Alexander (contr.) 0 1(5 6 0 18 0 Blackwater .. .. 0 16 C 0 18 0 Big Biver — 0 1 S Consolidated .. '•. 0 1 1 — Golden Sands 0 1 6 0 1 10 Cornish Point 0 0 2 Golden Dawn 0 5 0 0 5 3 Golden Point 0 0 9* 0 0 10 King Solomon 0 1 8 0 1 10 Mahakipawa 0 0 4 0 0 4j) Mahakipawa (pref.) 0 0 64 0 0 8f. Paddy's Point 0 4 10 0 5 3 Okarito 0 8 5 0 8 7 Waihi 0 16 2 0 17 3 Waihi Grand Junction 0 3 1 0 3 11 Gillespie's Beach 0 0 1 0 0 3 prom. prem.

YESTERDAY'S SALES. CHRISTCHURCE [. Sales on 'Change— d. o£ per cent. Bonds. Sept., £ 8. 1937 ... (2) 99 10 0 Bank of Australasia (cum div.) 9 8 0 Comm. Bank of Aust. 0 15 7 m 0 15 6 (3) 0 15 6 lu.y S., and A. Bank (2) 4 14 0 (2) 4 15 0 Bank of New Zealand ... 2 8 6 Union Bank of Aust 7 13 6 Dalgety and Co. (4) 8 0 0 (3) 8 1 0 Goldsbrough, Mcrt 1 6 2 * (2) 1 6 0 N.Z. Refng. (10s paid) (2) 0 4 2 (2) 0 4 0 New Zealand Breweries ... 1 9 11 Electro. Zinc (ord.) o rf 0 7 Mt. Lyell ... (2) 1 2 0 Cornish Point 0 0 2 Golden Point ... (2) 0 0 9| Waihi 0 16 3 Sales Reported — • Comm. Bank of Aust. ... 0 15 *9 Union Bank of Augt. (2) 7 13 0 National Insurance 0 14 4 N.Z. Guarantee Corpn> 0 6 0 N.Z. Refrig. (10s paid) ... 0 4 2 Electro. Zinc (ord.) 0 17 8 Mt. Lycll 1 2 12 4 14 6 E., S. ,and A. Bank 9 0 N.Z'. Refrig. (£1 paid) ... 0 10 11 AUCKLAND. Sales on 'Change — <* A •5* per cent. Stock, Feb., X- £>. U. 1937 90 2 6 Bank of Australasia 9 9 0 Commercial Bank %15 8 Bank of New South Wales 27 10 0 Bank of New Zealand 2 8 G Union Bank 7 12 0 South British Insurance .. 2 17 0 Auckland Gas (con.) 0 15 O Kauri Timber 0 10 o Colonial Sugar . * 45 7 6 Morris, Hedstrom .. 0 15 4 New Zealand Rrefrigchtting (£1 paid) (2) 0 11 3 Golden Point < 0 0 10* Waihi (2) 0 16 6 016 7 Mount Lj'ell 1 3 6 I 2 6

WELLINGTON. £ s> a. Sales Reported — H per cent. Stock, September, 1937 99 17 6 Bank of Australasia 9 9 0 Bank of New Zealand .. 2 8 3 Union Bank of Australasia 7 12 6 Dalgety and Co. 8 1 0 Goldsbrouglr Mort. (2) 1 5 9 N.Z. Guarantee Corporation 6 6 0' Wilson's Cement .. 1 13 0 Electrolytic Zinc (pref.) .. 1 7. 0 1 7 1$ Mount Lyell .. (») 1 2 5 » 1 2 4 ■ 1 2 6 WaiLi 0 16 «■ DUNEDIN. Sales 011 'Change— Commercial Bank (2) £ s. 0 16 d. 6 Sales Reported— Taranaki Oil 0 0 2 New Zealand Breweries ... 1 9 y Kildare 0 1 4 Golden Point ... ... 0 0 «i

Morning Sales — £ s. d. Commonwealth Bonds— 4 per cent., 1938 100 7 6 . 4 per cent., 1941 100 7 6 4 per cent., 1947 100 12 0 t per cent., 1930 99 5 0 4 per cent., 1957 99 10 0 4 per cent., 1959 99 10 0 Bank of New South Wales 31 10 0 Australian Gas A G 16 6 Toohey's Brewerv 1 1 6 Tooth's Brewery .. 1 12 9 British. Tobacco 1 14 0 Winch combe, Carson 1 4 9 Goldsbrough, Mort. . .. 1 9 9 Closing Sales— Bank of< New South Wales 31 12 6 Commercial Bank of Sydney 17 5 0 National Bank (£5 paid)] .. 6 7 <3 National Bank (£10 paid) .. 12.17 e Queensland National 5 7 6 Bank of Adelaide 6 0 0 United Insurance 8 15 0 Burns, Philp 2 8 6 Colonial Sugar 50 17 6 Howard Smith 0 11 o Adelaide Steam .. 1 2 6 Australian Glass . : 2 4 9 Australian Gas A 6 17 0 Fairymead Sugar ;, 13: 6 Morris Hedstrom (New Zealand delivery) 0 17 9 Goldsbrough, Mort 1 9 _ U Winchcombe, Carson 1 4 10* Wilcox Mofflin 6 6 6 Dunlop Perdriau .., ,\ 0 16 0 Dunlop Perdriau (pref.) I 10 9 Electrolytic Zinc 0 19 6 Berlei 1 5 o Tooth's Brewery 1 13 O Toohey's Brewery 1 1 6 Gordon, Gotch u ' 1 10 O

£ s. a. British Tobacco 1 14 o British Tobacco (pref.) ., 1 5 9 Broken Hill Proprietary .. 1 1 6 North Broken Hill . .. 3 15 6 South Broken Hill 2 12 3 Commonwealth Bond*— 4 per cent., 1938 .. 100 5 0 4 per cent., 1941 100- 2 6 4 per cent., 1944 100 2 6 4 1 per cent., 1950 99 5 0 4 per cent., 1953 99 0 0 4 per cent., 1955 99 1 4 per cent., 1957 99 10 0 4 per cent., 1961 99 15 0 MELBOURNE. Commercial Bank of Australia .. ., 0 17 3 B., S., and A. Bank 5 5 0 National Bank (£5 paid) .. 6 7 0 National Bank (£10 paid) .. 13 0 0 Adelaide Steam 1 2 6 Electrolytic Zinc 0 19 6 Kauri Timber 0 12 Myers 1 5 6 Mt. Lyell 1 4 G Taranaki Oil 0 2