FINANCE and COMMERCE

Dominion, Volume 27, Issue 15, 12 October 1933, Page 12

FINANCE and COMMERCE

STOCKS AND SHARES Good Demand Yesterday, A FIRM MARKET Very little movement in prices was seen yesterday in the Wellington stock and share market. Rates ruled firm on an active demand with no concessions from Further strengthening was recorded, in offers for Government loans, there being a complete absence of sellers. The 4 per ent. bonds, 1940, advanced to £lOl/</'■>. The 4 per cent, bonds, 1949. were quoted up to £lO2/2/6, the inscribed stock ot that maturity being 2/6 lower. Local body and other debentures were firm on an active demand. Wright, Stephensons sold at £B3, and more were wanted at £B2/10/-. Banks showed little change. New Zealands were reported done at. 48/-. and Union of Australia at £lO/1/6. In the pastoral and financial section Dalgetys advanced sharply to £lO/1 </6 without response. Others were unchanged. Insurance shares were steady at late rates. New Zealands being sold at 54/9. There was a good demand for breweries fit firm rates. New Zealands were traded nt 38/-, and more were wanted at oi/lv. Carltons were bid for at 40/-, Staples at 27/6, and Tooths at 41/6. Miscellaneous industrials showed a firming tendency, and. there was a rather better demand for mining shares. WELLINGTON EXCHANGE Latest Quotations The latest having and selling quotations on the Wellington Stock Exchange yesterday were as follow: —

LONDON STOCK EXCHANGE Bank Shares and Debentures (British Official Wireless.) Rugby, October 10. The stock markets to-day were relatively idle and values were irregular. War Loan 3J per cent, stood at £lOl/8/9. By Telegraph.—Brees Assn. —Copyright London, October 10. On the London Stock Exchange quotations of shares of Australian banks and oilier corporation debentures compare with previous quotations as follow:—

DEALINGS ON ’CHANGE Sales Recorded Yesterday RETURN ON INVESTMENTS changes Te°st d e?Jl l n 5 0n «-Tbo n 4 n in TlTe lowing list. In the second column is ghai the return, based on the last annual dividend from investment at the quoted price. In calculating the return on shares in companies which pay their dividends outside New Zealand, the exchange rates have no been taken into consideration. The return on 4 per cent. Government loans includes redemption/ In the case of 3J per cent, loans the return is for interest alone, and covers only the period for winch the loans are tax-free. No return Is given on loca. body securities and debentures in the meantime.

SYDNEY STOCK EXCHANGE

Heavy Turnover Yesterday

(Received October 11, 8.40 p.m.)

Sydney, October 11. Buoyant conditions continued on the Sydney Stock Exchange/ to-day, with n heavy turnover. ' Sales: Bank of New South Wales, £33 17/6; Commercial Bank of Sydney, £lB 7/-; E.S. and A. Bank, £5/18/-; Queensland National Bank, £5/15/-; Bank of Australasia, £l3/2/6; United Insurance, £9/7/6; Australian Provincial Assurance, 12/10. Associated News, 21/3; ditto, pref., 21/3; Australian Glass, 53/-; British Tobacco, 37/7j; Adelaide Steam. 25/-; Australian Gas, A, £7/8/-; Dunlop Perdriau, 19/41; Anthony Hordern, 12/10; Automatic Totes, 16/6. Morris Hedstrom. 20/6; Henry Jones, 39/6; Fairymead Sugar, 30/-; Electrolytic Zinc, 26/6; Meggitts, 23/-; Hume Pipe, New Zealand delivery, 14/3; John McGrath, 28/-; Drug Houses of Australia. 19/3.

Tooths, 43/6; Tooheys. 25/-; Carlton Brewery, 41/3; Wilcox Mofflin, 10/-; Howard Smith. 14/9.

Mount Morgan. 47/6; Broken Hill Proprietary. 41/3; South Broken Hill. 66/3: Zinc Corporation. 3S/-; Bulolo Gold. 97/6. Morning sales included: Commonwealth Bonds, 1938. £lO4/2/6; 1950. £lO4/17/6; 1953. £lO5/2/6; 1961, £lO4 17/6; Bank of New South Wales. £33 17/6; Tooheys, 25/-; Tooths. 43/6; Associated News. 21/74; pref., 21/I J; Australian Glass, 53/-: Broken Hill Proprietary. 41/6; Colonial Sugar. £59 17/6; Dunlop Perdriau. 19/3; pref.. 34/6; Henry Jones. 39/6: Morris Hedstrom. 20/6; Wilcox Mofflin. 9/11. Melbourne. October 11. Sales on the Melbourne Stock Exchange to-day included: Goldsbrongh Mort, 29/14; Herald nnd Weekly Times. 43/6; Metropolitan Gas, £l2/15/-: Australian Iron and Steel, pref.. 19/1; Howard Smith, 14/10; Electrolytic Zinc, 26/3. BANK OF ADELAIDE Interim Dividend The directors of the Bank of Adelaide, Limited, according to a cable message received yesterday by the Stock Exchange Association, have declared an interim dividend at the rate of 4 per cent, per annum on the paid-up capital for the half-year ended September 25. The dividend is payable oji November 1. Transfer books will be closed from October 19 to November 1, inclusive. The dividend is at the same rate as for last year. South African Conversion Loan London, October 10. The South African conversion loan of £13,000,000 bearing interest at 2} per cent, aud issued at £9Bl. maturing 100565, has been underwritten.

THE WOOL MARKET

London Sales Nearing Close GOOD COMPETITION By Telegraph.—Press Assn.—Copyright. London, October 10. Offerings at the London wool sales todav were 7103 bales, including 3217 bales New Zealand. About 4030 bales were sold. There was good competition at steady prices. Merinos, greasy, from Queensland sold at 14jd. per lb.; scoured merinos, Queensland, made 26Jd.; scoured Victorian sold at 25 Id. New Zealand greasy crossbred, Cross and Dot” made 13d. highest, 10 3-Sd. average; New Zealand slipe, halfbred lamb, “Belfast,” sold 16d. highest and 13Jd. average. SPIRITED BUYING Melbourne Prices Firm By Telegraph’.—Press Assn.— Copyright. Melbourne, October 11. Competition was spirited at the Melbourne wool sales, and all wools sold in sellers’ favour wbeu compared with rates ruling last week. For many lines values increased by o to 10 per cent. About 95 per cent, of the 9200 bales submitted to the sale was sold. The record price for the season of 22Ad. per lb. was realised for Victorian merino. SYDNEY PRICES STRONG Good Clearances Made (Received October 11, 9.20 n.m.) Sydney. October 11. At the wool sales to-day 10,435 bales were offered, of which 9553 were sold at auction, and 508 privntely. There was strong general competition, wit’i good clearances. Yesterday's improved levels were maintained. although there was still some irregularity in very burry, faulty wools. Greasy merino made 22d. for 11 bales from Gurley. FOREIGN EXCHANGES Position of Sterling (British Official Wireless.) Rugby, October 10. The following rates on foreign exchanges wer© current to-day, compared with those ruling on October 9. —

London, October 10. Gold. per fine ounce. Silver.—Cash, IS 5-16 d per ounce; forward, 18 3-Bd. BASE METALS MARKET Copper Prices Easier By Telegraph.—Press Assn.—Copyright. (Received October 11, 8.40 p.m.) London, October 10. The official London (middle) quotations for Tuesday, as reported by the Australian Mines and Metals Association, compare as under with those previously cabled:—

Bell Hooper Cromwell Bell Hooper Cromwell Gold Ltd. reports as follows for the week ended Octoln?r 7: The main face drive was advanced 6ft., and as the bottom rose up to the top of the drive the face was stopped and later on a prospecting drive up in the wash will determine the remaining distance to the boundary. No. 2 cross drive E. was advanced 24ft. This bottom is apparently falling away gradually and shows fair gold prospects. No. 2 cross drive W. was completed to W. boundary. The bottom shows similar to the main face and also rose nearly to the top of drive. No. 3 cross drive E. was started and advanced 14ft., showing fairly good gold prospects. The No. 3 mid drive E. and W. was advanced 27ft. and 30ft. respectively and showed good gold prospects. The wash-up for the week from this work was 12oz lOdwt. British Revenue Buoyant London, October 10. The latest Treasury returns show that ordinary revenue for the current financial year up to October 7 amounted to 1287.228,723. At the corresponding date of last, rear the amount stood at £280,725,611. Ordinary expenditure to date for the current year totalled £350,670,238, which is about £33,500,000 less than the total ordinary expenditure at the corresponding date of last year. United States Wheat Market By Telegraph.—Press Assn.—Copyright Montreal. October 10. Chicago wheat: December, 844 cents a bushel; May, S 3 5-8 cents; July. 864 cents. New York, cash, 93i cents. Pukekohe Potatoes Dominion Special Service. I’ukekohe, October 11. H. H. Pattie Limited report, as follows: Potatoes, to-day’s price 16/6 to 17/6.

ADDINGTON MARKET

Record Yarding of Fat Sheep

SHARP DECLINE IN VALUES

By Telegraph.—Press Association.

Christchurch, October 11.

A record yarding of fat sheep drawn from the North Island, many parts of the South Island and the Chatham Islands was the outstanding feature at Addington market to-day. There was a consequent sharp decline ou late rates of 3/- to 4/- a head —a severe blow to veudore. Passings were very heavy. Store sheep: An entry of 3000 head. The continued dry weather restricted competition generally, and values were back 1/- a head. Prices were: Extra good three-quarterbred ewe hoggets to 22/6: good, 14/- to 17/3; good wethers. 15/11 to 17/9. Extra good two and fourtooth three-quarterbred wethers to 20/-; good two and four-tooth Romney wethers to 18/1; ordinary s. and f.m. ewes and lambs (all counted). 10/5 to 13/1; inferior, 6/- to 8/-. Spring lambs: A large entry of 420 head. Values were a shade easier. The price per lb was 84d to 9d and the top price was 27/1. Fat sheep: The entry of 7200 head was a record for the period for some years. Values were: Extra prime heavy wethers to 31/4; prime heavy. 27/- to 30/-; medium weight, 23/- to 26/-; ordinary, 19/- to 22/-: light. 14/- to IS/-. Extra prime heavy ewes to 28/4; prime heavy. 24/- to 26/6; medium weight, 21/to 23/6: ordinary. 17/- to 20/-: light. 12/6. to 16/-. Fat cattle: The entry of 410 bead included 90 North Island cattle. It was a dull market with a decline on late rates averaging 15/- a head. Best beef made 24/- to 27/- per 1001 b: good. 20/to 23/6; heavyweight, 17/6 to 20/-: medium. 13/6 to 16/-; rough, down to 12/-. Extrn prime heavy steers sold to £l2/12/6; prime heavy. £9/5/- to £11: prime medium weight. £B/5/- to £loj ordinary. £5/15/- to £B/15/-; light. L> 10/-. Extra nrime heifers to £9/12/6; prime, £6 to £8: medium. £4 to £5/10/-: light to £4. Extrn prime cows to £< 17/6 : prime. £4/15/- to £6/10/-: medium. £3/5/- to £4/10/-: light to £3. Fat pigs: After a firm opening the market eased. More thnn 100 head were bought for export. Chonncrs made 20/to £3/13/6: baeoners. 42/6 to n2/6; heavy. 58/6 to £3/4/6; extra heavy to £3/8/6; average price per lb. 44 to 4}rl. Porkers. 24/6 to 32/6: heavy. 33/6 to 38/6: averng? price per lb. 4Jd to ofd.

JOHNSONVILLE SALE

Prices Generally Easier

Prices generally were slightly easier at the Johnsonville stock sale yesterday, when Wright, Stephenson and Co., Ltd., and Abraham and Williams, Ltd., offered a good yarding of cattle and sheep. A. good yarding of prime quality bullocks and an extra ftood quality, offering . of cows and heifers were submitted. Prices for bullocks nt the commencement of the sale were on a par with last week s rates, but toward the middle of the sale there was an easing tendency, and at the close prices could be quoted as showing a decline of from 5/- to 7/6 a bead. t’ood prime quality cows and heifers met with a good sale at late rates, but plainer sorts were dull of sale. . The varding of sheep comprised good quality ewes and wethers, the larger proportion of which were shorn sheep. Hoggets and ssi'ing lambs wore penned m smaller numbers than during the last few weeks. Wethers and ewes both showed a decline in values or up to 2/- per head, while hoggets were easier by less than 2/6 per head. Owing to the short yarding spring lambs were slightly firmer. Prices were:— Cattle: Prime extra heavy bullocks, £B/10/-. £B/5/-, £B. £7/15/-. £7/10/-: heavy bullocks, £7/5/-. £7, £6/15/-, £6 10/-. £6/5/-; light bullocks, £o/14/-, £a 3/-. £4/7/-: prime heavy cows and heifers, £6/10/-. £6/5/-, £6, £5/16/-, £o 13/-, £5/10/-. £5/5/-; runners. £3/5/-, £3/3/-, £2/19/-. £2/14/-. £2/10/-, £2/b/-. £2/2/-. £l/15/-. Sheep: Prime heavy wethers, woolly, 26/3; shorn, 22/8, 22/5. 21/9; heavy wethers, shorn, 20/9, 20/-, 10/3; prime heavy ewes, woolly, 21/2, 21/6, -0/b; shorn. 18/9; heavy ewes, woolly, 19/2, 18/9; shorn. 16/-, 15/9. 15/5, 14/10; heavy hoggets, woolly. 22/3; shorn, 19/10, 18/10, 18/9; ewes, shorn, 14/6, 14/3; heavy spring lambs, 22/1, 21/9, 20/4, 20/-, 19/2, 19/-; spring lambs. IS/-. 17/10, 17/9. 17/6. Prices Easier at Masterton Dominion Special Service. Masterton, October 11. A yarding of 300 sheep, 64 dairy cattle, and 71 pigs, was offered by the New Zealand Farmers’ Distributing Company at the Masterton sale to-day. Sheep were easier and dairy cattle met a dull market. Prices were: —Sheep: Fat woolly wethers, 22/6 to 25/-; shorn wethers, 18/6 to 18/10; fat woolly ewes, 13/- to 15/-; shorn ewes. 11/- to 12/-; shorn Southdown ewes. 11/- to 14/-; fat hoggets. 17/2 to 18/-; good woolly m.s. hoggets, 17/- to 18/-; two-tooth wethers, 15/7. Cattle: Cows on drop, £3 to £4; heifers on drop, £3/10/- to £4; springing heifers, £2 to £3/5/-; heifers in milk. £2 to £2/15/-: yearling Jersey cross heifers, £l/7/- to £2; cows and calves. £l/2/6 to £l/14/-; forward cows, £l/5/- to £1 12/-. Pigs: Porkers. 30/- to 32/6; slips, 19/- to 19/6; good weauers, 15/6 to 17/-; medium weaners, 13/- to 14/6; small, 11/- to 12/6. The New Zealand Loan and Mercantile Agency Co., Ltd., offered a medium entry of dairy cattle, and although bidding at the auction was dull, a good proportion of the entry was disposed of privately at satisfactory prices. Best springing dairy cows made £5/5/-_ to £6; best springing heifers, £4 to £5/5/-; medium sorts. £3 to £3/15/-. Gisborne Cattle Fair Dominion Special Service. Gisborne, October 11. At the Gisborne spring cattle fair an entry of 3600 bend was offered. It was a good sale throughout, although all classes of fats and stores were easier than at the previous fair. Outside buyers were less active. Beef: Bullocks, 100/- to 110/-; cows, prime, 65/- to 75/-; unfinished, 52/6 upward; heavy vealcrs, 35/-. Stores: Bullocks, fat and forward, 92/6 to 98/6; good, 80/- to 87/-; others, .65/upward. Yearlings, 33/- to 53/-; heifers, two-year, superior, 66/-; good, GO/-; two and Hiree-year, 53/- to 66/-; empty cows. 28/-~ good stores. 40/- to 46/-; fresh, 50/- to 52/-; two-year steers, fresh, 65/-; three-year. good, 81/-; cows with calves. 46/- to 58/-.

Burnside Sale

By Telegraph,—Press Association. Dunedin, October 11.

There were good entries in all departments at to-day's Burnside market. Approximately 240 fat cattle were penned, and a firm sale resulted, with prices showing a rise of 10/- to 15/- per head on last week's rates for prime heavy bullocks and heifers, and 5/- to 10/- for cows. Extra prime heavy weight bullocks sold to £l3/17/6; prime heavy, £lO to £l2; prime medium, £S to £9/10/-; light prime and unfinished, £6 to £7/10/-; extra good young cows, to £B/17/6; prime heavy, £5 10/- to £7; others, £3/10/- to £5; best heifers, to £B/2/6; medium. £6 to £7; light, £4/10/- to £5/10/-. The pens of 82 spring iambs constituted the largest number offered this season, nnd sold well nt full Into rates. Prime lambs made 22/- and 25/-; light. 18/- to 21/-. About. 1600 fat sheep were penned, and met a firm sale at last week’s rates. Tho Buipbei of spring lambs which Sfije

forward caused an casing in the demand for hoggets, which were 1/- per head easier. Extra prime . heavy woolly wethers sold to 36/-; prime heavy, 32/to 34/-; medium, 28/- to 30/-; lighter sorts, 23/- to 26/-; extra prime heavy shoru wethers, to 27/3; prime, 24/- to 25/-; medium, 20/- to 22/-; light, 15/to 18/-; extra prime heavy woolly ewes, 30/-; heavy, 24/- to 26/-; light, to medium, IS/- to 20/-; extra prime shorn ewes, to £l/6; medium, 17/6 to 18/6; light, from 14/- upwards. A mixed yarding came forward in the store cattle offering, and a general depreciation in values was recorded, the top price being £6/5/-. The entry in the dairy section was mostly’poor quality, but good conditioned youug cows close to jrofit met a ready sale at slight increase in values on recent sales. The fat pig market was easier. Baeoners and heavy porkers ou an average showed a drop of fully 6/-. Store pigs met an indifferent market, prices receding fully 3/- per bead. Large stores sold to 19/-; best suckers to 12/-. WESTFIELD SALE Beef and Mutton Steady By Telegraph.—Press Association. Auckland, October 11. There was a decline in the yarding of beef at Westfield to-<lay. Prices for prime sorts remained on a par with last week, but there was a large proportion of second-quality ox beef, which affected the demand. Extra choice ox beef sold to 18/- per 1001 b; choice and prime, 15/to 17/-; secondary and plain, 13/- to 14/-; prime youiig cow aud heifer beef, 16/- to 18/-; ordinary cow, 11/- to 14/-. Extra heavy prime steers made £7/17/6 to £B/12/6; heavy prime, £7 to £7/15/-; lighter prime, £6/5/- to £6/15/-; light prime, £5/7/6 to £6; small prime, £4 10/- to £5; small and unfinished. £3/15/to £4/5/-; extra heavy prime young cows and heifers, £5 to £5/10/-; heavy prime, £4/10/- to £4/17/6; lighter prime. £3/10/- to £4; other tillable cows, £2 7/6 to £3. Sheep wore yarded in full numbers. Wethers were firm in price, but ewes were a shade easier. Hoggets met a brisk sale. Prime wethers, shorn, 19/- to 26/-; woolly, 22/9 to 31/-; unfinished wethers, shorn. 17/- to 18/6; woolly, 20/- to 22/6; prime ewes, shorn, 12/- to 17/-; woolly, 16/- to 23/-; unfinished ewes, woolly, 10/6 to 16/6; hoggets, shorn. 16/- to 23/-; woolly, 18/- to 2S/6. Spring lambs, which were in average supply, were unchanged nt 9/- to 25/-. The demand was less keen for calves, nnd values eased. Runners, 35/- to 101/-: venlers. 25/- to 72/-. A large yarding of pigs accounted for a slight drop in prices. Baeoners. 38/to 65/-; porkers. 20/- to 39/-; large stores, 23/- to 2S/-. Aberdeen Angus Cattle Sale By Telegraph.—Press Association. Dannevirke, October 11. The annual sale of the Aberdeen Angus .Cattle Breeders’ Association at Dannevirke to-day was the best of its kind seen here for some years, outstanding quality being represented. The top price of 150 guineas was pair] for lhe champion of the sale, a Gwavasbred bull. A grade stud bulls averaged 661 guineas, and B grade bulls 26} guineas.

N.Z. GOVT. LOANS. Buyers. £ s d Sellers. £ s d 4 p.c. Bonds, 1940 .... 101 7 6 —— 4 p.C. ditto, 19-16 .... 101 0 0 4 p.c. ditto, 1949 .... 102 2 6 — 4 p.C. ditto. 1955 .... 101 b 0 — 31 p.c. Ins. Stk., 1939-43 31 p.c. ditto, 1939-52 .. 100 15 0 — 101 0 0 ——- 34 p.e. ditto, 1938-52 .. 101 0 0 4 p.c. ditto, 1940 .... 101 15 0 — 4 p.c. ditto. 1949 .... 102 0 0 — 4 p.c. ditto, 1955 .... 100 15 0 — DEBENTURES. Auck. City, 51 p.c., 1944 101 0 0 — Chch. City, 51 p.c., 1944 101 0 0 —— Dunedin City, 5} p.c., 1944 101 2 fi — Wgtn. City. 54 p.c., 1940 101 0 0 Wgtn. Harb. Bd., 5J p.C., 1940 Wairere E.P. Bd., 6 p.c.. 101 0 0 — 102 1/12/1961 —• 10 0 Waltomo County Council. 102 6 p.c.. 1961 5 0 Wgtn. Gas Co 101 0 0 — Wgtn. Racing Club .. 9a 0 0 —— Amid. Brick and Pipe (Wgtn.) 91 0 0 — Ditto (Auckland) .. 91 0 0 — Wright. Stephenson .. 82 10 0 *— BANKS. Australasia 12 15 0 13 0 0 Comrcl. of Aust., ord. . 0 16 11 0 17 2 Comrcl. Bankg. Co., Sydney — 18 10 0 Eng., Scot, and Aust. . 5 17 0 6 0 0 National of Australasia, £5 paid 6 10 0 34 — New South Wales 34 0 0 12 New Zealand Ditto. "D” long term 2 8 0 8 3 —- 1 13 9 Union of Aust 10 6 0 10 9 0 Ditto, Melbne. reg. . 10 7 0 — FINANCIAL. Abraham and Williams — 3 0 0 Dalgety and Co 10 17 6 Goldsbrough. Mort, and Co 1 8 9 1 9 2 National Mortgage, ”B’ ’ 1 7 3 —— N.Z. Guarantee Corpn., ord., cum. rights .. . »0 7 11 0 8 2 N.Z. Invest.. Mort, and Deposit 0 3 3 —— N.Z. Loan and Mere., ord. stock — 67 0 0 Wgtn. Invest., T. & A . 0 B 9 — Wellington Trust, Loai 1 4 0 0 — GAS. Auckland , 1 3 5 1 3 9 Christchurch —— 1 8 3 Ditto, contrlb . 0 13 4 0 14 6 Wellington, pref — 1 4 0 INSURANCE. National of N.Z 0 18 2 — New Zealand , 2 14 « 2 15 3 Queensland , 2 15 6 — South British . *3 14 0 S 15 0 MEAT. Gear Meat, cum. righti ! 1 12 3 1 12 9 N.Z. Refrig.. £1 paid . , 0 19 3 1 0 0 Ditto, 10/- paid .... —- 0 9 J. Southland Frozen Meat, contrlb 1 7 1 — Wgtn. Meat Exp., pref, , 0 15 6 — WOOLLEN Wellington, ord — 5 15 0 Ditto, pref •— 5 12 6 COAL. Westport-Stockton, pref , 0 1 9 — TIMBER. National —— 0 T 0 Taringamutu Totara . , 0 2 0 — BREWERIES. Carlton . — 0 0 —— N.Z. Breweries , 1 17 10 1 18 Staples and Co Tooth and Co , 1 7 6 1 9 d > 2 1 6 2 3 0 MISCELLANEOUS. British Tobacco, Aust. . , 1 17 0 1 17 6 Colonial Sugar D.I.C., ord 60 0 0 0 12 6 Dunlop Perdrlau 0 18 9 __—, Electrolytic Zinc, ord. . , 1 5 0 — Ditto, S p.c. pt. pref, 14 6 Henry Jones Co-op. .. 1 18 3 N.Z. Farmers’ Fertiliser 0 15 6 — N.Z. Newspapers 1 7 6 Prestige (N.Z.), Ltd., pref _- 1 o 0 Wilson’s (N.Z.) Cement ; 1 5 « 1 6 6 OUk Moturoa. ord 0 1 8 — Ditto, pref — 0 5 0 MINING. Alexander 0 15 0 Bell Hooper 0 0 1 11 0 1 0 Ditto, fully paid ... 0 1 3 Bell Kilgour 0 1. 5 0 1 84 Big River 0 i 6 0 1 74 Central Shotover 0 1 0 Gillespie’s Beach 0 0 Golden Dawn 0 2 a 10 King Solomon 0 3 4 0 6 Kawarau 0 0 8 Mahaklpawa 0 0 1 Mataki 0 o 4 Mount Lyell i 3 ’ 11 1 4 1 Nokomai 0 3 o Okarito o : IO 6 Walhi • 6 0 1 7 0 Wnlhf Grand Junction 0 4 3 0 4 6 W'altahu 0 7 0 ’Cum. dividend. Unofficial List Buyers. Sellers. Wellington Publishing £ 8 d £ s d Co 2 0 Maerewhenua 0 0 1 0 6 a u a Moonlight Nelson Creek 0 0 9 o 1 o B oolworths (Sydney) ord B 5 0 Invest., Exec. Trust, "B" debentures .. 96 0 0

Banks— Sept. 26. Oct. 10. £ s. d. £ s. d. Australasia 10 10 0 10 1.6 10} N.S. Wales ... 29 0 0 28 10 0 Union of Aust. . 8 15 74 9 0 0 Nat. of N.Z. ... 3 13 10} 14 0 N.Z. 4 p.c. stock 100 10 0 101 0 0 N.Z. shares .... 2 8 9 8 1 N.Z. L. and M. 4 p.c. deb. . . Z7 10 0 77 10 0 N.Z. L. and M.. ord 47 0 0 45 0 0 *£x ■ div.

WELLINGTON. Sale price. Return on inves’m't. £ s d £ s d Wright, Stephenson . S3 0 0 Bank of N.Z. (2) ... *2 S 0 4 13 9 Union Bank of Aust. 10 7 6 N.Z. Insurance 2 14 9 3 13 1 ♦1 12 7i 1 1. IS 0 3 13 8 Roll Hooper *0 0 11 —— .*0 o Hi ——- Mount Lyell 1 4 t Ditto 1 4 0 t tlnterim dividend passed. 'Late sale Tuesday. AUCKLAND. £ s d £ 8 d Govt. Bonds, 4 p.e.. 194'j 102 10 0 3 15 9 Inscr. Stock, 3} p.e., 1930-43 101 0 0 3 a Waltemata County, 6 p.e.. 1961 102 0 0 — Bank of Australasia 12 17 G 2 14 4 11, S., and A. Bank .. 5 19 6 2 10 2 Bank of N.S.W 3t 7 6 2 18 2 Bank of N.Z 2 S 0 4 13 0 Ditto 2 8 4 13 3 Ditto (3) 2 S 0 4 13 9 Comm. Bank of Aust. 0 17 0 2 18 9 Union Bank of Aust. 10 7 6 2 8 2 N.Z. Insurance 2 14 9 3 13 1 Ditto 2 14 6 3 13 5 3 1 6 4 1 3 Iluddart, Parker, 1 5 3 ft 6 8 N.Z. Breweries ..... 1 IS 0 3 13 3 N.Z. Newspapers .... 1 7 6 3 12 8 N.Z. Refrlg., contr. .. 0 9 0 — Bell Hooper 0 0 11 II ■ 0 0 11} King Solomon 0 3 , Mahakipawa ........ 0 0 2J Waihi * 1 6 6 7 10 11 Unofficial list— Invest. Exec. Trust, B debentures ... 95 0 0 10 0 0 CHRISTCHURCH. £ s d £ s d Christchurch Trams, GJ p.e., 1/10/34... 101 10 0 — laser. Stock, 4 p.e., 1946 101 10 0 3 17 0 Ditto, 4 p.e., 194!) 102 0 0 3 10 7 Ditto, 4 p.c u 1955 101 15 0 3 17 G Ditto, 3i p.e., 193943 101 0 0 3 9 3 Comm. Bank of Aust. (4) 0 17 0 2 18 9 Nat. Bank A/asia, 13 10 0 3 14 1 Ditto, £5 paid .. 0 13 0 3 15 2 National Bank of N.Z. 4 5 0 2 9 0 Bank of N.S.W. .... 34 7 6 2 IS 2 Bank of N.Z. (2) .... 2 8 3 4 13 3 Ditto (8) 2 8 i 4 13 7 Union Bank of Aust. 10 7 6 2 8 2 N.Z. Guarantee Corp. 0 8 1 3 2 11 0 8 3 13 Gear Meat (u) 1 12 6 t N.Z. Refrig., cont. .. 0 9 0 Ditto 0 8 11 . Westport Coal 0 13 3 13 7 Christchurch” Gas (3) 1 7 9 4 G 1) N.Z. Breweries (2).. 1 IS 0 3 13 8 Australian Glass .... 2 13 6 3 7 3 Burns, Philp O 1»> 6 <3 lfl 2 Dunlop Rubber (5) .. 0 19 0 4 4 2 Electro. Zinc, ord.... 1 5 8 —— Ditto (3) 1 5 7 — - - 3 10 0 4 5 8 Alexander Mines, contr. (3) 0 15 6 Ditto (4)' 0 15 n Golden Point 0 0 2 Lawson’s Flat 0 0 New Cornish Point, 6d paid (2) 0 0 8 Nokomai 0 3 Sales reported— Inscr. Stock, 4 p.e., 1946 101 10 0 3 17 0 Bank of N.Z. (3) .... 2 8 0 4 13 9 Ditto 2 8 1 4 13 7 Ditto 2 8 3 4 13 .3 N.Z. Insurance .... 2 14 6 3 13 5 Staples and Co 1 8 4i 3 10 6 Electro. Zinc, ord 1 5 s —— Ditto 9 tlnterim dividend passed. DUNEDIN. £ s d £ s d National Insurance . 0 18 6 4 11 Standard Insurance 3 1 0 4 1 11 Huddart, Barker, pref. 1 5 0 6 8 0 N.Z. Drug Co 3 10 o 4 5 N.Z. Refrig., contr. . 0 9 0 Nokomai 0 3 o Bell Kilgour 0 1 7 Bell Hooper 0 1 0 Ditto 0 1 0i —

0 let. 10. Oct. 9. Par. N. York, dol. to £ 4.605 4.691 4.866 Montreal, dol. to £ 4.79.1 4.785 4.866 Paris, fr. to £.... 78.31-32 78 31-32 124.21 Brussels, bel. to £ 22.11X5 22.165 35.00 Geneva, fr. to £.. 15.95 15.94 25.225 Amst’dam, fl. to £ 7.665 7.66 12.107 Milan, lire to £ .. 5S15-K 1 58 15-16 02.46 Berlin, inks, to £ 12.975 12.975 25.43 St’holm, knr. to £ 19.39 19.39 18.159 C'hagen. knr. to £ 22.40 22.40 18.159 Oslo, knr. to £ 19.90 19.90 18.159 Vienna, schgs. to £ •28 34 5S5 Prague, knr. to £ 103.875 104 164.25 Hel’fors, mks. to £ 226.50 220.50 193.23 Madrid, pes. to £ 37 3615-16 25.225 Lisbon, esc. to £ 102.50 102.75 110 Athens, drach. to £ 560 557.50 375 Belgrade, din. to £ 225 227 276.31 Bucharest, lol to £ 525 522.30 813.60 Warsaw, zloty to £ — — 43.38 Rio de J., p. to mil. +4 3-8 +4 3-8 5.899 B. Aires, p. to peso +45 +45 47.62 M. Video, p. to peso *37 •37 51 Calcutta, p. to rup. IS 3-64 IS 5-32 IS Shanghai, p. to -dol. —. 15 7-16 —- H.-Kong, p. to dol. — — —- Y’hama. p. to yen 14 3-16 14 3-16 24.582 Batavia, fl. to £ .. — 7.70 12.107 / ♦Nominal. {‘Official. Gold and Silver,

Oct. 9. Per ton. Oct. 10. Per ton. Copper— 11 s d £ s d Standard, epot ... 31 11 10J 33 18 9 Standard, forward 34 15 7} 34 1 10J ♦Electrolytic .... 37 15 0 37 5 0 to 38 5 0 37 10 0 Wire bars 38 5 0 37 10 0 Lead— Forward ....... 11 17 0 11 17 6 Spot 12 5 0 12 5 0 Spelter— Spot 16 15 0 16 13 9 Forward 17 1 3 17 0 0 Tin— tSpot 224 8 9 224 18 9 Forward . 224 3 9 224 18 9 Silver— Standard, per ox. . IS Id 18 5-lOd Fine 19 15-lCd 19Jd f American, not quoted. •American, 8.50 cents a lb.