COMMERCIAL

Evening Star, Issue 20193, 5 June 1929, Page 7

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. Business opened on the Stock Exchange this morning with several reported sales.; Bank of New Zealands were on offer at' 62s 9d, but there was no inquiry.- Union Banks provided a fairly close .market with buyers at £ls 14s 6d and sellers at £ls 16®-, National Insurances were wanted,at “a Id,, but the sellers" quote was 3d above. ' Tbe output from the Westport Coal Com-, pany’s mines for last month was 41,351 tons, being about 8,000 tons above the corresponding month of last year. , This in-! crease is probably to some extent a reflex of the coal trouble in Australia. Buyers offered 35s for the shares, but .there were, none oh offer. New Zealand Refrigeratingcont. shares improved a point with buyers at 7s 4d and no sellers. British Tobaccos were on offer at 50s 3d, with the buyers’ quotation 9d below. Milburn , Limes provided a buyer at 38s 6d, with sellers asking ■s9s 3d. Drugs were quoted 76s 6d .sellers/ with ho buyers. Breweries still remain very firm, while raining shares disclosed no, alteration, except that the buyer "for Kil- : dares advanced to 5s 9cl, with sellers at 4s. Government debentures provided a continuous list of buyers at recent rates, without any sellers quoting. Sales Reported.—Wilson's Cement, £2 Ss; Wright, Stephenson (ovtl.), £1 5s 3d; Wright, Stephenson (pref.), 18s.

METAL MARKET,

Press Association —By Telegraph—Copyright LONDON. Juno 3. Copper: Spot, £73 3s 9d: forward, £72 16s KRd. Electrolytic: Spot, £B4; forward, £B4 10s. Wire bars, £B-1 10s. Lead: Spot, £22 10s; forward, £23 10s. Spelter: Spot, £26 10s; forward, £26 7s 6d. Tin: Spot, £197 13s 9d; forward, £2OO 13s 9d. Silver; Standard. 24 l-16d; fine, 26Jd. —Australian Press Association. PRICE OF GOLD. Press Association—By Telegraph—Copyright. LONDON, Juno 4. (Received Juno 5, at 11.20 a.m.) Fine gold is quoted at £4 4s lid per ounce.—Australian Press Association. FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright

LONDON STOCK, ECUANGE. Press Association—By Telegraph-Copy riglit. LONDON, Juno 4.: (Received June 5, at 11.20 a.m.) Dalgety and Co. shares, £l4 18s 9di Dalgety and Co. 4 per cent, debenture stock, £74.—Australian Press Association.

Quotations as under Buyers. Sellers. £ s. , d. £ B. d. BANKING— Bank of Australasia 14 14 0 _ Bank of New Zealand — 3 2 9 Commercial Bank ... , — 1 10 4 E.S. and A* Bank ... 8 9 6 8 11 6 National Bank of New Zealand ... ... 7 2 6 Union Bank of Australia, Ltd. ... ... 15 14 6 15 16 0 INSURANCE— National Insur. Co.... 0 16 1 0 16 4 N.Z. Insurance Co. ... — 2 7 6 Standard Insur. Co. 3 4 6 3 6 0 SHIPPING— Huddart, Parker , (prd.) ... ... ' 2 5 3 2 6 0 Huddart, Parker (pref-) 1 1 0 _ U.S.S. Co. (prof.) ... 1 0 6 — COAIr* Westport Coal Co. ... 1 13 0 Westport-Stocktou (ord.) 0 3 0 0 3 6 Westport-Stockton (prof.) 0 4 3 — LOAN AND AGENCY— Dalgely and Co. 0 15 5 0 National Mortgage ... 4 7 4 10 0 Perpetual Trustees ... 3 6 0 — Trustees, .Executors ... 2 19 0 — Wright Stephenson (ord.) ... * 1 5 0 _ Wright, Stephenson (prof-) 0 17 10 — MEAT PRESERVING— Gear Meat Co 2 2 9 N.Z. Refrigerating (paid) 016 3 0 16 9 N.Z. Refrigerating (cont.) 0 7 4 — VIISCELLANEOUSAust. Iron and Steel ■1 1 0 - _ British Tobacco . 2 9 6 2 10 3 Brown, Ewing (ord.) ... , 1 10 0 — Brown, Ewing (pref.) 1 0 6 — 0 Crystal Ice Co — 1 7 D.I.C. (ord.) ... ... 0 10 6p — D.J.C. (pref.) 1 1 0 — Dominion Investments 1 4 0 — Dominion Rubber 1 11 3 1 14 6 Donaghy’s Rope and Twine 1 15 0 - Dunedin-Kaik. Trams 1 14 0 — Dunlop Rubber — 1 8 0 Kaiapoi Woollen (ord.)_ 0 14 0 — Kaiapoi Woollen fcout.) 0 4 9 Kaiapoi Woollen (pref.) 0 15 3 Milburn Lime and , Cement (ord.) 1 18 6 1 19 3 Mosgicl Woollen Co. 7 12 0 — M'Leod Bros.’ Soap ... 50 0 0 — National Electric 0 9 3 0 12 6 N.Z. Drug Co — 3 16 6 N.Z. Express (ord.) ... 0 9 , 0 17 q N.Z. Guarantee Corp. 1 — N.Z. Malay Rubber (ord.) 1 10 u N.Z. Paper Mills Regent Theatre 0 19 0 — 1 2 6 — Wilson’s Portland Cement 2 1 6 2 2 6 BREWERIES— N.Z. Breweries. Ltd. 3 10 0 3 11 6 Staples’ Brewery 2 8 0 — Ward and Co 1 8 6 1 10 0 MINING— Nokoraai Sluicing ... 0 12 0 0 19 0 Electrolytic Zinc (def. ord.) 1 16 0 Mount Lyell — 2 3 0 Broken Hill South ... — 3 10 0 Big Beach. 0 5 0 0 7 6 Kildare 0 3 9 0 4 0 Okarito 0 0 10p o i; Ip Minding Creek 0 0 8p 0 1 Op WAR BONDS (Bonds quoted are £100 Bonds) 1938 4i p.c. Bonds ... 99 17 6 1939 p.c. Bonds ... 99 17 6 1933 5i p.c. S.S. Bonds 101 0 0 ' — 1938 4-J- p.c. Inscribed 99 17 6 — 1939 4-i p.c. Inscribed 99 17 6 — 1933 5's p.c. S.S. Disc. 101 0 0 — 1941 5A p.c. Inscribed 99 5 0 — 1936 5t p.c. Bonds ... 101 2 6 _ 1936 5i p.c. Inscribed 101 2 6 — 1933 51 t p.c. Bonds ... 99 0 0 — 1933 5* p.c. Insc. 99 0 0 —

RUGBY, June 4. (Received. June 5, , at 10.30 Mav 23. a.m.) June 4. Paris, franc lo £1 124.05 124.05 Brussels, belgas to £1 ... ... 34.915 34.925 Oslo, kroner to £1 ... 18,20 ■ 18.20 Stockholm krone to £1 ... 18,K 18.14 Copenhagen, kroner to £1 ... 18.205 18.203 Berlin, rekhmarken to £1, ... 20.345 20.335 New York, dollar to £1 ... 4.85 Yokohama, pence to yen Hongkong, pence to'dollar ... 23 1-32 ... 23 22J ■ Bombay, pence lo rupee ... Ri iris-ie Batavia, florins to £1 ... ... 12.10i 12.10 \ Milan, lire to £1 ... 92.65 92.63 Amsterdam, guilder to £.1 ... 12.005 12.07? Prague, kroner ‘o £1 ... Geneva, franc to ,£1 ... a 2a.two Vienna, schilling to £1 ... 34.53 34.52 Helsingfors, marks to £1 ... 192J 193 Madrid, peseta to, £1 ... ... 34.325 35,073 Athens, drachmae to £1 ... 375 375 Lisbon, escudo lo £1 ... ... io*i 108^ Bucharest, - lei to £1 ... ... 818 818 Rio de Janeiro, pence to milrels ... ... 5 57-64 5 55-64 Buenos Aires, pence to pesos 47 7-32 47-5-32 > Shanghai, tael ... „ ... 281 37J