COMMERCIAL

Evening Star, Issue 20585, 10 September 1930, Page 7

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE, Sales of National Insurances at 13s lOd and Mount Lyells at £1 Os lid were reported on the Stock Exchange this mornmg . Bank of Australasias were inquired, for at £ll 10;, but were not on offer. The quote for Bank of New Ze-lands was: Buyer £2 16s, seller £2 17s. Union Banks provided a seller at £lO ss, without response. National Insurances were asked for at 13s 9d, but the sellei’s quote was 14s. Westports remained unaltered, with a buyer at £1 9s 6d and a seller at £1 10s 6d. N.Z Breweries were on offer at £2 9s ■ 6d, but there was no inquiry. Waihis were asked for at 14s Sd, and Mount Lyells at £1 Os 2d, but there were no sellers of either. There was inquiry for Okaritos at 7s 4d. but the seller’s price was 7s Bd. N.Z. Government Debentures provided the usual long list of buyers. Sales Reported —National Insurance, 13s lOd; Mount Lyell, £1 Os lid. Quotations as under:—

DATES OF DIVIDENDS PAYABLE. Milburn Lime and Cement (final), Is 3d, September 12. Huddart, Parker (ord., interim), 9 3-sd; September 18. Huddart, Parker (pref., interim), 7 l-sd, September 18. N.Z. Drug Co. (£2 paid, interim), Is 9 3-sd, September 24. Wright, Stephenson (interim), 8 2-sd, October 6. TARANAKI OIL FIELDS. [Per United Prbss Association,] GISBORNE, September 9. Taranaki (New Zealand) Oilfields. Ltd., reports as follows for the week ended September 6:—Waitangi No. 1 well: Broken weather last week delayed transport; preparing for arrival of equipment from England and America. LONDON METAL MARKET. Prow Anoeiavioa—Bj Telegraph—Copyright. LONDON, September 8. Following are the official quotations in the metal market. Copper.—Spot, £47 13s 9d; forward, £47 13s 9d. Electrolytic.—Spot, £SO 10s; forward, £sl 10s. ' Wire bars, £sl 10s. Lead.—Spot, £lB ss; forward, £lB ss. Spot, £l6; forward, £l6 8s Tin.—Spot, £133 13s 9d; forward, £135 8s 9d. Silver.—Fine, Is 4Jd; standard, Is 6 5-16 d oz. . FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright.

PROPERTY SALE. Messrs James Samson and Co. report that they submitted by auction yesterday a freehold property situated at the corner of Castle and Union streets, on which is erected a fiveroomed dwelling. After keen competition the property was sold at a satisfactory price to a client.

LONDON WOOL SALES. Press Association—By Telegraph—Copyrigh fc, LONDON, September 9. (Received September 10, at 9 a.m.) The new arrivals at the wool, sales to be held on September 16 are: Australian, 50,500 bales; New Zealand, 61,000. There were 715,000 bales held over, but the offerings are not expected to exceed 150,000, bales. BUTTER AND CHEESE. The . South Island Dairy Association has received the following market reports from the New-Zealand Produce Association, London:—Butter, 124 s to 1265; Danish, 1255; market steady. Cheese: White, 71s; coloured, 725; market slow. • LONDON STOCK EXCHANGE. Press Association—By Telegraph—Copyright* LONDON, September, 9. (Received September 10, at 10.5 a.m.)' Dalgety and Co. shares, £8 17s 6d; Dalgety and Co. 4 per cent. Debenture Stock, £7O. PRICE OF GOLD. Brest Association—By Telegraph—Copyright* LONDON, September 9. (Received September 10, at 10.5 a.m.)’ Fine gold is quoted at £4 4s ll£d per oz. A GILT-EDGED SECURITY CHRISTCHURCH DRAINAGE , .BOARD DEBENTURES. 5i PER CENT. INTEREST. Applications are now being received by the Christchurch Drainage Board for 5J per cent. Debentures maturing March 31,' 1965. Both principal and. interest are payable free of exchange at any' branch of the Bank of New Zealand within the dominion. Denorfunation of Debentures £IOO. The security is a gilt-edged one—. both principal and interest being secured by a special rate of 27-64ths of a penny in the £ on the Capital Value of an area having a valuation of £12,431,794. A Trustee investment.- Under Section 3, “ Christchurch District Drainage Amendment, 1926,” all debentures issued by, the board are a'Trustee Investment within the meaning of “The Trustee Act, 1908.” Applications may be made to the Office of tho Christchurch Dxainage Board, 198 - Hereford street, Christchurch, of though any bank, member of a recognised Stock Exchange, or solicitor doing business in the Dominion, and must be accompanied by cash, bank draft, or marked cheque, exchange on which-will be paid by the board. Prospectus will be forwarded on application.—[Advt.j

Buyer*. Seller*. BANKING— Australian Bank of . £ s> d. £ s. . d. Commerce Bank of Australasia 0 19 6 — (cum div.) 11 10 0 Bank of N.S.W. ... — 34 10 0 Bank of New Zealand 2 16 0 2 17 0 Commercial Bank National Bank of New — 0 19 6 Zealand Union Bank of Aus- — 5 14 3 tralia, Ltd INSURANCE — 10. 5 0 National Insur. Co. ... 0 13 9 0 14 0 N.Z. Insurance Co. ... 2 2 0 — Standard Insur Co. ... SHIPPING— Huddart, Parker 2 18 6 (pref., cum div.) ... 10 3 — P. and O Def Stock — 2 6 6 U.S.S. Co. (pref.) ... COAL10 3 — Kaitangata Coal 0 3 6 — Westport Coal Co. ... Westport-Stockton 19 6 1 10 6 (prof.) LOAN AND AGENCY— National Mortgage 0 3 6 (“ B ” issue) ... ... 1 10 0 1 15 : 0 Trustees, Executor* Wright, Stephenson 219 0 — (ord., cum div.) ... Wright, Stephenson 0 18 3 — (pref.) MISCELLANEOUS— 0 15 0 —* Brown, Ewing (pref.) Bruce Woollen Co. 10 0 — (ord.) 0 9 6 — Crystal Ice Co. ... ... Eaiapoi Wool, (cont., 110 1 3 0 cum div.) Milburn Lime and 0 3 6 — Cement (cum div.) — 1 13 9 Mosgiel Woollen Co. 6 10 0 — National Electric N.Z. Drug Co. — 0 10 0 (cum div.) ... ... — 3 0 0 N.Z. Express (ord.) ... N.Z Farmere’ Fer- — 0 13 3 tilisers — 0 19 0 N.Z. Paper Mills —- 0 19 8 Regent Theatre BREWERIES— 1 0 9 N.Z. Breweries, Ltd. 2 9 G N.Z. Breweries Debs. 1 1 .0 — N.Z. Breweries Stock MINING— 110 Waihi 0 14 5 Mount Lyell 10 2 , — Paddy’s Point . 0 2 9 ■ — Mohakipawa ... ... — 0 0 5 Okarito ... 0 7 4 0 7 8 Cornish Point WAR BONDS— . — 0 0 6 (Bonds quoted are £100 Bonds.) 1938 44 p.c. Bonds ... 100 0 0 1939 4j p.c. Bonds ... 100 0 0 — 1941 4| p.c Bonds ... 100 0 0 ■ 1 1933 54 p.c. S.S. Bonds 99 12 6 — 1938 44 p.c. Ins. 100 0 0 ' 1939 44 p.c. Ins. 100 0 0 1933 54 p.c. S.S. Ins; 99 12 6 — 1941 54 p.c. Ins. ... 97 10 0

RUGBY, September 9. Paris, f-anc Id £i Sept, 4 Sept. 9 123.755 123.865 Brussels belgas lo £1 ... 34.845 34.855 Oslo, kroner, to £1 ... 18.165 1817 Stockholm, kroner to £1 18.10 18.095 Copenhagen, kroner to £1 18.165 18.16 Berlin, rotchmarken to £l . 20.40 20.41 Montreal, dollar to £1 4.85i 4.85} New York, dollar lo £1 ... 4.S6 13-3i ; 4.88 11-32 Milan, lire to ;£! 32.875 32,85 Amsterdam, florin to £1 ... 12.07} 13.07} Prague, Kroner lo j£l 164 163J _ Geneva, franc to £1 , 35.045 25 055 Vienna, schilling to £1 34.435 34.435 Helsingfors marks to £\ ... 193 5-16 193 3-16 Madrid, pese a lo £1 45.95 44.65 Athens, drachmae to £1 ... 375 375 Lisbon, cscuqo to £1 ... ... 108.25 108.25 Bucharest, lei lo ... ... 81.4J 814 Rio de Janeiro pence lo milreis ... 4} 4 15-16 Buenos Aires pence to pesos 38J 40 9 X6 Montevideo, pence to dollar 404 Shanghai, p»nce to tael 18J 19} Yokohama pence to yen ... 24 13-32 24 13-32 Hongkong, pence to dollar ... 15} 15 11.16 Bombay, pence to rupee ... 17} 17 25-32 Batavia, flopn to £1 12.07}