FINANCE AND COMMERCE.

Press, Volume LXX, Issue 21236, 7 August 1934, Page 13

FINANCE AND COMMERCE.

I BRITISH TRADE KEVIEW STOCK EXCHANGE URKUITKI! \J WOOL DIFFKTI/riKS (SKTED «-ll*M* *=>■" ' '•»T10.1-KT «L«CTII(J ' ItuKuiiA. :i -<.i'i v.ih.ij r.) LONDON, August 4. The Stock Exchange during las* jgjj underwent a rapid transformation. Early in the week there was a tone °* extreme nervousness because cf the disturbing developments on the Continent, but ine i >d of lbe we'ek fought a r.ulc <■!' subdued clieirl'u!cess. It was the AVall Mreet. market. !l.e farthest removed ivuni the y.unv. ul the trouble, which displayed Ihe ureaksl perturbation over the European events; and it even had some days of panic!:;.' selling, due. perhaps, as much Lo internal difficulties as the European factors. The "Financial Tune:;" says: ''Tie; technical position here must be sound indeed for the influence of the Dollftiss tragedy to be thrown oft' in such «short time." So far no confirmation is available ot rumours that the Yorkshire delegation to Berlin reached an agreement enabling Germany again to buy raw

wool tops and jams, which her manufacturers badly need. Referring to 1.1 a- new soiling si'umjh Jn Australia, the "Yorkshire Post" says: "Though nobody wishes to so: world values unduly depressed by subslantial on a market which is temporarily unable to absorb them, it would not help to withhold all offerings by a concerted movement. The situation could best; be met by smaller offerings arid a longer selling season in Australia. Benefit of Gold Production An article in the "Midland Bank Review" on gold says: "Gold in theso times is simply a commodity produce! mainly within the Empire, from mine; owned largely in this country. It is sold to foreigners al very ta\ .mrabi: prices, so we make a handsome profit by our activities. The foreigner, indeed, acting through his y.ovu'iimen; and central banks, suaran'ee.- a highlyfavourable price for every ounce we care to produce. What other producers are in this happy position of possessing an almost unlimited capacity to produce and a guaranteed market for their product? Owinn to the manner in which Great Britain went off the gold standard in 1931 absolule freedom of movement of gold into and out of the country has been maintained, consequently preserving Loudon's own position us the world's principal gold market." The writer estimates the private holdings of gold now in London at between £100,000,000 and £150,000,000.

STOCKS OF WOOL N LITTLE FINK QUALITY Statistics relating to .stocks of wool held in the Dominion on June 30. 1934, are published in the Abstract of Statistics. The information has been compiled from returns obtained from wool brokers, woollen mills, freezing Works, wool-scouring works, shipping companies, harbour board stores, tanners, and the New Zealand Railways Department. It should be noted that the quantities shown include wool held over from previous seasons in addition to the 1933-34 season, and cover all wool in the Dominion and not merely Wool still owned by producers. The total quantitv of wool returned ty the classes of holders mentioned above was 44,711,9541b (equivalent to «,800,0001b in the grease), classified as greasy, scoured, washed, siiped, crutchtogs, and wool on skins:— Merino I ;r>7 jjalfbred ;; 4> 14.960 Cornedale .. .. 3.04,035 Other (including crossbred i - £ n eep .. 23.909.G17 ■■ • f,;000.P,77 unspecified .. 3.559.115 Total ~ . . 41,711.9.31 !nrt ho ! f ° llow »)g' figures, covering the last eight_ collections, show that stocks taS2°I Vl ?T Wr t,ui " al lhr - correspondseasons irnmediateiy preceding: - Jjg ■■ .. ::o.rno.cou ■• .. i9.:,w.f;uo #° •• .. i:->j)<)> 1,000 iii}, ■■ .. 97.000.000 r; •• ■■ llT.900.fiO;) i£Ci ■' ' t;;/;oo.o: ) o

COMPANY NEWS •WINCHCOMBJ-:. < AIJ.SOX, LTD. The director,; or Wmehcembe, Car- **. Lid., Sydney, have declded to pay s*v«Jencl for ,!„, fu ,i >,.,„. (l „ d(d Sum° 'V ra "-- fjf '-p..r ceat. per Ci?«°( Whicl ' :,: ' i ""- , " ir -'' dividend Of 6 ni 0 "*^ 1 December Jl, at i;- 1( . rate J, E .?', !t - Per ;„.,,„,„. The la.t lull dividend was li per cent. Puf'T 1 ' SOX ' ANH BAOOEKY » P«f« rt"' ?lnd V ' ! > d W. Ltd.. mado feted T° S1 and Auslrahan consoli£U,7ll n iv' • , Tho is tt /*amo ' '■ 7 ' ''""'' cc'"t?bsorbs V?i--,' 1(; ''■'■'■•vk'H:. .vear. and 13 a ddcd t" t ,■ A s '" n '"' *: 12,000 e^for^r;; x -' ,u ;i^'. l ,;:i; v,; :, " d Uie WOOLLEN COMPANY Dl VIDENij IMiCOMULNDLD !r«*s4 «..,. „.,.. , / -,, WEL!.ir;(;j-o:;. An,;,,,, o. ■J as «:"y-ni-. : ; ■ . .„■■ | , v „.., ~,- •'-.„ t »r... ,:,';? ■",,;;■; S*^;,P^«:- '-'■'■■ h j% ycV J< *.,' ,,u ' l ' :il ' ,!/; ' ;{ ' «> ua,s £ l 0r '<vurd. J»e rep orl ato ■•,•,-. ih-.t tlm v-ar £V! otobl '- u u,;..;.,, 1 ; l ,V;; ?,;■• % J" CrC " w »' ' m Mhm; pncr-5.

NEW ZEALAND BUTTER NO MARKET IN EAST AUCKLAND MERCHANT'S VIEWS IXIUJ I'EESS Special Service.] AUCKLAND, August 6. "It is no use looking to the East as a market for our butter. The Japanese don't want butter—they want rice and fish. They are not educated up to the standard of living at which they took for butter,'' ', said Mi- J. J. A. Howie, of the firm | of Abbot, Armstrong, and Howie, : | merchants; of Auckland, who re- | i turned to Auckland on the Aorangi. j I "Industrially, there is no doubt! that Japan threatens the British I Empire," said Mr Howie. "She is | concentrating upon industrialising | Jul her big towns, and with her upi 10-date methods of production'there is nni much chance of Britain or nor Dominions com noting success--1 ully with her. It is in labour costs' that Japan has a big advantage. To- j day ail countries are sellers, buyers j being scarce, and the problem "is a ' ditheult one to deal with. High i ; tariffs do not produce the desired I I result, and I think that if the New j ; Zealand Government would make a' | gesture to some of these foreign ' I countries and offered to redueo ; j tariffs a little on condition that they ' .take a stipulated quantity of oiu i i roods it would be more satisfactory.! j It is not much use relying soleiv: upon Britain. At the present time ; I she is busy bolstering up her own: ! trade.-' j IMPROVING DAIUYj PRODI(E !

— I HARBOUR BOARD CUP \ i AWAKI) TO I.ITTIJ:; AKALOA j i FACTORY ! I | "i" encourage the maintenance of j ! vood quality in export dairy chetie ; j ill'-' Lvtfcltuii Harbour Board since ; S Vi2Q )ia.<; presented a silver challenge i lor annual competition among ' dairy factories exporting chees-: inrough the board's grading and cold stores at Lytteiton. The cup this vcar I lias oeen won by the Little Akaloa j uatvy Jaetory, with the Cain (Rangi--01 a) factory as runner-up. The ! -arry's Bay factory won the cup in I , 1930-."; 1 and 1931-32, and was runner- | I up last year, when the cup was won i by tlie Cam factory. j The conditions governing the com- ) petition 'provide that the cup is i awarded to the dairy factory which j attains the highest average grade for j the dairy season (October 1 to April ! 30) on the grading figures supplied to j !he board by tho dairy division of j the Department of Agriculture. Each | factory has to send to the board's | store, for grading and storage, not i U.;-■:■; than'half of its output fairly distributed throughout the season.' The I uccessi'ul factory's name is engraved I on the cup each year, and the cup ".\ ill become the property of the factory which wins it three times in succe.i.don or at intervals. Effect of Competition The board first presented the cup for the season 1030-31. and the grades were then substantially higher than in the preceding season. There was evidence that some of the improvement was due to the efforts of factory managers to secure the cup. Competition each year has been very keen — only decimal points separating the winners' and losers. This season's average grading figures ! are: Little Akaloa Dairy Factory .. 93.554 Cam iP.angicra) Dairy Factory 92.858 Wairewa (Little River) Dairy Factory .. .. 92.803 .Speaking at the board meeting yesterday the chairman (Mr K. J. Howard, M.P.) said: "We all know and appreciate the desperately hard • struggle which dairy larmers have had | during the last year or so with fallj nig prices and, apparently, a reducing ] market. We know also the insistent i demand and need for excellence in j quality to enable New Zealand pro- ! ducers to meet the challenge in over- | sea markets. Therefore, while the ' board congratulates the winners and the rmmers-up for its challenge cup, it hopes that, the exporting dairy factories will put forth further effort : so that in the coming season 94 and ! more will be the average rather than | lis, and that New Zealand full-cream ; cheese will sell on its merits." j The cup was received on behalf of | the company by Mr A. K. Murphy, i manager, who was accompanied by Mr ' Jl H'jjriott, secretary of the company. I Representatives of the Cam Dairy Company were also present.

I LONDON MAKKET FIUM j 1 Toe Xc.v- Zealand Dairy Produce 1 Loard lias received Iho following mari kcl report from its London office, dated | Ai^imt:;: - ! CUTTLR . i New Ze'dand malted, 70s to DO: Ma-I I w ( > k Til.; :o 70s); c.-pialn approximately j J>.l 2., cl 1'.0.b; unfiled. 02s to 04s <.OJ:i to | ''Au..iralian salted. 73.-I to 7-'.-; (7"s to ;:, ': un::a!ted, 70s to J i)„,:i,h, C-J.s f.0.b., J& :-:;h.I '."0,, I H -°- '• I Dutch unsalted, 74s to 78s t(J7s to i3s). j r..;'i'.onian :.-alted and utibjUed, (,'G:; to 70s ic:;s to fia:;). '• Latvian !.a!ti d and unuilled, Ciij to ' 70:5 (OoA to CCIS). i I,i;huania;i fnltcd and unsalted, CGs i to 70:; (u3s to i;;;s>. I Siberian raited. to «8.-; Hils io Cv.-"». ,' J-Vli'-h .--alted, fi3s t(; 64;; («2s to 03si. 1 l"r rani: n waited, G.j; to 07s <G4si. ; a:,:r!:-:t firm. Nt .'.' Zealand )'e':a:l j priee ;:i.i.'!i-iii:!"(l, 10el: Danish retail | price increased to L, Id. j CHKESH I New Zealand while. 49s to 49s Gd I: 1 3jri fob.) (!a>t. week 40a Gel): eol- ; ~;,■..■( (1. ■!(;.; io 4'.is (id, e:;. 47., <4.93d S bob.) I lii.-J (<d) I Canadian white, t/ls, sti.-:, t-j (JOs tj,.,: I to f)o.s>: coloured, 52s to 50s (54s to 50s; I i i.f.. COs io 50:-.; (id (50s Cd); new soason:K 50.-' to 52s (49s Io 525). I Market stead v. New Zealand rota:.l I p.iif u.'viin'i-ed. 7d. Kn-lirh tine it j la; me.'-, 00s to iO's. lirm <W~ to ! T ;> :; bMai'd ba ; rdso received .h ; .- I'c!lowint? advice from ins a.';cn»s in Ca:> i ada-—Butter: New York ~'5A cent,-, ; :\i ,r;|r (a ! 1!) ends. i '<\i !-: oi r.i MiM.ovy I ! Ah.>.-r, li. U. McCro.-.ti..- and Con;i |v,iiv jr ee;-innci:cn with Messrs ' j-hm's t'arber, and Company. Ltd., i 1- port havint; sold, following on the ! aiVl'on on aeccunt oi the the i pr ■-!) -'i.v at No. 49 Coleridge street, !'onnjii'ioL- a bungalow of four rooms j ; Wconveniences, with 20 perches of j land, Io a client. ~ 8

CHRISTCHURCH STOCK! EXCHANGE

YESTERDAY'S TRANSACTIONS There was a moderate turnover on call yesterday, and prices of several stocks showed improvement. The bulk of the recorded turnover was in the banking and gold mining sections. Transactions, exclusive of vestibule business, were:— Sales on 'Change £ s. d. 100 Corn. Bank of Aust. .. 015 3 5 Bank of N.S.W. (cum divJ .. .. 30 5 0 91 Reserve Bank <Bj G 0 3 300 N.Z. Refrig. (10s pd.) <3) 0 8 3 350 British Tobacco <2) ) 16 0 1000 Bell Kilgour .. 0 0 41 500 King Solomon ■,'}> 040 1700 Maerewhenua .. 0 0 0 ;, 0 0 lit 700 Maliakipawa (pref.\ 1930 issue r>> o 1 i 150 Nokomai ~ .. 0 3 5 150 Uawang Tin <2) 0 0 0 1000 Worksop Extended .. 0 2 0 500 Skippers .. „. 0 0 10 Sales Reported 50 R, S.. and A. Bank .. 5 10 53 Standard Insurance .. 3 5 0 700 Bell Hooper (Is pd.) 0 0 5J 500 Worksop Extended .. 0 2 0" UNLISTED STOCKS Sales on 'Change 50 N.Z. Perpetual Forests 210 0 150 Woohvorlhs (Sydney) 'urdJ .. <2) 3 >J G 3 10 (3 Sales Reported 50 Wcolworths (Sydney) > (ord.J .. .. 3 9 G Bank Shares Commercial Bank of Australia were fractionally firmer with buyers and business at 15s Od, sellers at 15s Ou. E., S., and A. recovered to £5 Is, market closing Is on either side. Buyers' offers for National of Australasia and Commercial Bank of Sydney revealed firmer markets. Hank of New South Wales, cum dividend, were easier at £3O ss, eloping quotations 5s on either >;r.li\ Reserve Bank of New Zealand ,-haros were lirmu':', with buyers unci dealings at £0 C:; 3d, sellers at CO Cs Od. Standard Insurance moved up to 05s G'ri. Buyers of South British raised their bids to 82s Od without attracting sellers. New Zealand Insurance, cum dividend, had improved d:mand at 02s 9d, but sellers were reticent. New Zealand Refrigerating, 10s paid, were (Inner, with buyers and dealings at 0s 3d, sellers at lis -Id. British Tobaccos were steady, with buyers and dealings at 30s ;)d, sellers at'3os lid. Buyers of Electrolytic Zinc, preference, raised their bids to 3-ls, sellers at 34s 7cl New Zealand Paper 'AT ills wcrs lirmer on buyers' offeis, 3ls. Minin;,' Bell Hoopers were lirmer, with buyers and business at s'.ci, sellers at fid. Bell Ki (gears had business at 4 : .; d, and there were further buyers at 4'd, sellers at sd. King Solomons remained unaltered at 4s, sellers staying in at that price, buyers at 3s lid. Maerewhenua firmed to Od and GJd, market closing C-'.d buyers, 7d sellers. Mahakipavvas, 1930, preference issue, were firmer at Is Id, market closing id on either side. Nokomais showed little variation with buyers and business at 3s sd, sellers at 3s 51d. Sellers of Okaritos reduced their limits to 8s hi, buyers at 7s lOd. Rawang Tins rose to 9s Od, and more were wanted at 9s sd. Worksop Extended were fractionally turner, with sellers and dealings at 2s, buyers at Is 11.Ul. Skippers were a shade stroimer at lOd. market closing : '.d either way. rnlisted Stocks New Zealand Perpetual Forest changed hands at 50s, and there were further buyers at 49s 3d, sellers at 51s 9d. Woohvorlhs (Sydney), ordinary, rose to 09s 6d and .70s od. closing quotations 70s buyers, 71s sellers.

I | LATEST QUOTATIONS j N.Z. Government Debentures ! Buyers. Sellers. ! £ s. d. £ s. d. |3.' p.c. Ins., 1938-43 107 0 0 .'S 1 .- p.c. Ins., 1938-52 107 10 0 i.'M p.c. In?., 1939-43 107 12 0 !:« p.c. Ins., 1939-52 107 15 0 !4 p.c. Ins., 1940 .. 10(1 15 0 107 10 0 4 p.c. Ins., 194U and 1949 .. 107 12 C 4 p.c. Bonds, 1940 106 15 0 •t p.c. Bonds, 194(3 107 10 0 4 p.c. Bonds, 1949 107 12 6 i 4 p.c. Bonds, 1955 108 0 0 | Other Debentures Eastbourne Born. 4', p.c, 15/12/48 -- 101 0 ( Eastbourne Boro. 41 p.c, 15/12 '53 --■• 101 0 ( Booth, Macdonald : G\ p.c, 1937 .. 71 10 0 72 17 C I Gisborno Sheep- | -fanners o'. p.c, 31/5/41 " .. 98 10 0 Banks Adelaide 5 0 0 5 8 ( Australasia 11 2 0 11 8 t Com. of Aust. ('cum div.) . . 0 15 8 0 15 S j Corn, of Aust. (pl\, cum div.) . . 9 12 fi | Com. of Sydney .. 1C 14 0 1(5 19 ( j E„ S., and A. . . 5 0 0 5 2 t I Nat. of A/asia (£lO paid i . . 12 6 0 I Nat. of A/a>:ia i (£5 paid) . . 5 0 0 fi 2 ( ] Nat. of N.Z. .. --- 3 15 ( | New South Wales | (cum div.) . . 30 0 0 30 10 < New Zealand 2 C 4 2 0 1; New Zealand < "D" j Mort. shares) -. I 13 (! | Reserve .. (10 3 6 6 ( i Insurance j A.T.A. . . 0 10 0 0 10 ; National . . 0 19 G i 0 ( New Zealand (cum div.) .. 3 2 9 Queensland .. 3 9 0 Sc- h British .. 4 2 6 Standard . . 3 5 0 3 10 t Loan and Agency Daltfety and Co. . . 8 15 0 9 4 < Goldsbroujdi. Mort. 1 (! 0 1 3 ! Nat. Mortgage '"A" - • 3 5 ( Nat. MortKaKe "B" ' - I 13 ( N.Z. Guar. Corp. 0 4 4 0 4; N.Z. Loan & Merc ford, stock') . . -- 57 10 t Permanent. Invest. 9 0 0 United BJdg. Soc 1 1 tj 111 Shipping Huddart, Parker ipref.) .. 17 3 New Zealand Shipping i pref. > . . !J 0 0 Union (prof.) .. - - 17; Frozen Meat Gear 14! N.Z. Re/ri». (£1 paid) 0 13 3 0 18 ! N.Z. Rciri';. (!o.s on id) (l 8 3 0 8 ' North Canterbury 0 ltl ti 1 5 ( Woollens Kaiapoi (17.s paid) 0 11 2 0 11 < Kaiapoi (7s paid) 0 3 0 0 3! Kaiapoi (pref.) .. 0 18 3 Mosgiel .. 10 10 0 Coal I Westport .. 0 19 0 1 0 ( | Stockton (ord.) .. 0 3 8 0 3 ( Stockton (pref.) .. 0 4 9 0 5 (

Gas Buvers. Sellers. X s. d. £ ;•■ <-:. Auckland ~ 15 0 16 3 Christchurch (ex i div.) .. 112 2 1 lii '•'j Christchurch t'lOa pd., ex div.) .. 014 10 015 0 Timaru .. 12 9 | Breweries Carlton ~ 22 0 -- j Dunedin .. 15 .') Monteiths .. 012 0 015 61 New Zealand .. 2 311 2 4 0> Queensland .. 16 6 1 8 «| Staples .. 13 6 1 9 «| Timaru . . 0 9 o ; Timaru f7s 6d pd.) 0 6 G 0 Oils Tooths .. 2 4 0 2 5 0j Miscellaneous j A!lied Motors .. 0 2 0 0 3 2; Amalg. Wireless .. i (contr.) .. 17 0 --■ ! Anthony Hordern 014 0 014 11; Av.st. Glass .. 2 7 6 2 8 3 33eath and Co. . I 13 ■'* Beath and Co. (Is paid) .. 0 9 0 0 !» !) British Tobacco .. 116 i> 116 11 Burns, Phiip ~ 2 12 (i j Colonial Sugar .. 61 7 6 64 12 6 D.I.C. (pref.) .. 1 5 8 Dom. B'lders' Sup. 0 3 3 0 4 3 Dom. Fertilizer .. 018 0 013 6 | Dunlop Rubber .. 018 3 015 I) ' Electro. Zinc (pi., i cum div.) .. 114 0 114 7 i Gordon and Gotch 2 3 0 | Henry Jones .. 19 9 110 0 ! Howard Smith .. 013 9 (I 14 6 ! Kauri Timber .. 017 7 018 2 ! Moturoa Oil . . 0 1 9 I National Electric 0 7 6 ! N.Z. Dru<: Co. . . --- 3 17 6 jN.Z. Malay Rubber i (pref.) .. 12 6 -- > i Electro. Zinc <ord., j cum div.) .. 15 '■'• 1 ,■ iO ■ I Broken Hill Propty. 2 5 0 -- j I New Colosseum .. ■■— t 15 0 , I N.Z. Farmers' Coi op. ilst prof.) .. 118 0 2 16 | N.Z. Farmers' Co- ! op- c;\" pref.) 0 i) 0 017 6 t N.Z. Farmers' CoI op. (4i p.e. Sik, 1940) .. 82 0 I) 85 0 0 N.Z. Farmers' Fer- ! iliser icum div.) - t 1 () N.Z. Newspapers M 0 3 111 0 N.Z. Taper Mills I .11. 0 Northern Holier Milling . 1 hi 0 lUiral Bom;.-, . in: !0 u Wilson':. Ct.'lliC!:L I :i li Vv'.K-l worth-. - a.Z.i on.!. 6 ! . '. : !"". a. ' Wool won hj,, ■ X /. i ; i pref. .: li i! ! Woolworih,, iS ..! ) i ' !>t pref. . 1 It) !» :': 0 ir ! Wilcox Motihu Oil 0 0 i 1 :) . Quill Morn;, ':n liquidation) . 0 5 6 Sun Newspapers 0 4 0 0 i 3 Taupo Totara Timber . . 0 S3 6 Minius'

Alexander . . (J .17 (J t d 0 Alexander (Kls M paid) 014 7 o I,') 0 : Addiscr.'s Flat, icuin cliv.) . I) 1 ■! 0 :! (i ' Boil Hill .. oi v o :; is , Aotearoa 0 01! 0 J J ; Keli Hooper 'l.; uaidi .. 0 0 a'. 0 0 (i ; 7-eli KifL'«..i;i- . . 0 0 •! '. 0 0 '.> \ !iendh:oGoldlii:ht;-; <9d paid; 0 0 « 0 n 0 ' 1 Hi'.; River . , U 1)11 0 ! I>i ' , Bhekwator - • 1 ]:.; 0 ; ! Brian Burn . . 0 1 f> e 1 :,.', : ?><•'>} i.eatl 0 1 7 - I Central Shoiover 0 d 11 ! Charleston . - (I I :; | Consolidated n 1!* 0 j Fre.hi'oi d i:n ii- i niddatidii) . . - - li n '.' ! GUlospie's Beach 0 1 11'. 0 2 0 I jGienrov .. 0 1 I'. if 1 2 iGo'conda «JOd pel.) U 0 ! 0 0 -1 I Golden Dawn .. 0 2 (S - ■ ; i Golden I'uii L .. DO J.'. 0 0 :.".- I ' H-fier'.s Fiat . . -• (J I) li' : I Kildaro . . 0 2 I.'. 0 2 2'. i K'deiiion . . U 3li t) 4 0 | Kcab Kamna.- . - ■ 0 lfi 10 I f..a\<\;on's Flat. .. D 0 a.', 0 0 n | Ma-'i-ev.-liemta . . 0 0 (.', (I li 7 | M-iinkipav.-a 0 0 In'. 0 li 11 1 Maiinkinav.a (p('.> ; IMO issue . . 0 1 o.'. 0 I !'• . Almme'Hoii-o Con. -- 0 0 4',; Mount t.vr-ll 10!) 1 1 \>, \ Mount Mni-Kin .. -- I (: 0 ' Moiinli'du Nelson I Creek .. 0 (I Si 0 0 s'. j Nevis Uiesei Ele,-. (/ 0 4', 0 0 .". | New Conu:'li Pi. j Ms nd.i 0 0 0 0 011 ! Mew Corni-h I'l. j 17cl paid) .. 0 •) 4 t) 0 7 , Nokornai . . 0 '.'• ;j o :; a', ,' :Okaritu 0 710 OKI"; ■ Oxen'nridp.e Shot- ; over Us naid; - 0 0 11 : : Paddy's Poi-.i . . - 0 2 a ; ; Kruvani! Tin , . 0 'J 5.0 !) !.» i Upner Shntover i did paid) 0 0 li iWaihi Gd. June. 0 4 0 0 4 3. Waitahu . 0 4 fi 0 4 <) '■ Worksop F.xt. . 0 1 11.'. 0 2 0 I Skinners . . 0 0 <U 0 0 10J Stafford Slnicini' 0 1 11 0 1 4 i, Stafford Dreds. l4<; paid) . . 0 Ci (1 Stafford Dredjr. < ;">s paidl . . - - 0 !) 0 Mo';--y Creek 0 I ti Pen : n-ula Tin ' 13.-; paid) . 1 1 3 1 2 U ■

I ,': LIN LISTED STOCKS " • ■ i ); i All transactions in stocks quoted in j < '[this section are subject to a different! ; rate of brokerage from Listed stocks, J 'and aro nut quoted on the Official i , , List:-- j' I Buvors. Sellers, i >| ii s" d. £ s. ri. ; Andersons Ltd. (pfj OHi 0 0!8 0 j Arthur's Point <od , ! paid.* .. -- 0 n !i Rdi Ledi (Is pd.i 0 010 D 1 0 I Claude Neon . J Lights . . 210 0 . Df urn ion Life (Gs ' paid) 0 1 3 0 '.', '.) N.Z. I'erpetual Forests 2 (I :; 2 11 !) . Pi oeera Bread ' 110s paid i 0L! 0 013 3 ' Kciirnt Pictures 'Ch.Cli.) II 12 0 ' Smith V/vilie . . 0 7 (> 0 111 0 ■ Snowy River 0 0 I 0 0 IJ Vuiilant Fire Alarm • - 0 I (I > Wool worths i Vic. i pref. . . L 0 I! 1 7 (i W' ohvorths 'Svd.,l j nrd. .. :; in o :; j-i o , R. XTXKS AND ( 1 0.1 STOCK AND SHAREBROKEKS. OFFER FOR SALE FREE OF i BROKERAGE: ! ' ; s: s. ci i 1 j 1000 Addi-on';-; Flat . . (I :; !) j I 50 Alexanders . . II la II ' 100 Wetherstonos GO 6 pd.) I) la 0 > 100 Wethers'one.; .. 0 1 Ji | SIKI !\'c\ is Diesel , . (10 I'. ' j 10 Invincible Buildine; . . ;"> (I 0 , i K)0 United Building .. 0 la (> 'j I'M N.Z Pulping Mills „. 0 Ki 0 j !!)00 Snowy Rivt r . . (I 0 2 i 100 Tee Skating . . 1 1 0 j 100 Waitahu .. .. (i ,"i 0 | 1000 Bell Hooper ~ 0 () 0 I i 10 Reserve Banks .. l> 0 (i j | 500 Miiuim Research .. 0 14 1 5 ."no Moonlight Nelson ~ 0 0 0 , I 250 Golden Point .. 0 0 2.', ; j 1000 Goidlieids Dredging .. 0 1. Oil ) 500 Brian Born .. Old I 1000 Macrewhenuu ~ 0 0 7 1 j j 250 Creek .. 0 1 fi j 1000 R-ll Kilyour . „ ~ 0 I) a | (I 1000 Skippers .. .. 0 oin ! ) 1000 Glonrov .. .. 0 I 2 { 500 Worksop . . . . 0 2 0 j 200 Kins Solomon . . 0 ! 1 j . Any Shares not mentioned in the above j j list are obtainable free of eharge from | E. NUNES AND CO.! STOCK & SHAREBROKERS. ! •phone 30-193. P.O. Box 778 j 153 Hereford street, Christchurch. ) Telegraphic Address: Pexnui. 1 N6BGI >1 1

AUCKLAND Sales on 'Change £ s. d. Auckland Harbour, 1941, 0 p.c. .. 105 10 0 Comm. Bank of Aust. .. 0 15 7 ! Bank of New South Wales 30 5 0 j Bank of New Zealand .. 26 6 ! Reserve Bank i'2) 0 5 6 ] New Zealand Insurance .. 3 3 0 .South British Insurance .. 4 3 0 Guarantee Corporation (2) 0 4 5 Kaiapoi Woollen .. 0 11 2 New Zealand Breweries ..240 .Vow Zealand Newspapers 110 6 Wairakei .. . 0 3 0 Bell Kil»our .. 0 0 5 Brian Born .. . . 0 1 5} Gillcspii's Beach .. .. 0 2 1} Golden Dawn . . .. 0 2 0 j Mahakipawa, 1930 (pref.) 0 11* Mahakipawa (oru.) .. 0 011 ! Skippers . . .. 0 0 104 [ V.'aihi Junction . . 0 4 0 | Unlisted Slocks i Invest. Exec. Trust, 2nd IB .. .. 94 W 0 jjolui FulLr, 1940, ii!. p.c. .. 77 10 0 J WELLINGTON Sales on 'Change I £ s. d. i Comm. Bank of Aust. .. 0 15 6 i Bank of N.Z. .. 2 6 6 i Kaiapoi Woollen (ord.) .. Oil 2J i Bel! Kilgour .. 0 0 5 i Unlisted Stocks , Mossv Creek .. 0 18 I John Fuller Deb. (late Sat.'* 77 10 0 j DUNEDIN i Sales on 'Change I £ s. d. ■ N.Z. Breweries .. .. 2 4 0 | Bell Kilyour .. .. 00 43 Sales Reported j Bank of New Zealand (2) 2 7 0 I National Insurance .. 019 6 jWoolworths (Sydney) .. 3 9 6 '3 9 9 N.Z. Breweries .. (2) 2 4 0 Bell Kilgour .. ~ 0 0 4% Bendigo GoJdlight *» 0 0 8