COMMERCIAL

Evening Star, Issue 20591, 17 September 1930, Page 7

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. No business was transacted this morning, and no sales were reported. There were buyers of Bank of Ts;ew K.outh Wales at £3O, without a selling offer. Bank of New Zealands were wanted at £2 ISs 3d, but sellers were asking 9d more. Huddart. Parkers (ordinary issue) bad a buyer at £l, but sellers were not in evidence. Fov West-ports buyers offered £1 9s, but sellers remained at yesterday’s price of £1 10s 6d. The meat preserving section was untouched. Brewery shares were unwanted at the seller’s price of £2 9s 3d. A parcel of Dunedin Breweries offered at £1 6s met with no response. t There was the usual demand for Government Bonds and Stocks, the only selling quotations being £IOO 10s for 1938 4i per cent. Inscribed Stock, the buyer’s prioe being £IOO, and £97 for 1941 5f Inscribed Stock, without buying support.

DATES OF DIVIDENDS PAYABLE. Hnddart, Parker (ord., interim), 9 3-sd, September IS. Huddart, Parker (pref., interim), 7 l-sd, September IS. N.Z. Drug Co. (£2 paid, interim), Is 9 3-sd, September 24. Dominion Investments (final), Is 7 1- October 2 (approximately). Wright, Stephenson (interim), 8 2- October C. LONDON STOCK EXCHANGE. Press Association —By Telegraph—Copyright. LONDON, September IG. (Received September 17, at 11.30 a.m.) Bank of Australasia, £lO 17s tkl; Bank of New South, Wales, £34 10s, Union Bank of Australia, £8 17s Gd; National Bank of New Zealand, 107 s 6d; Bank of New Zealand, 4 per cent, debentures £94, shares 545; New Zealand Loan and Mercantile 4 per cent, debentures £63 10s, ordinary stock £94. CHICAGO WHEAT QUOTATIONS. Press Association—By Telegraph—Copyright. NEW YORK, September IG. (Received September 17, at 10.30 a.m.) Chicago wheat: September, 82) cents per bushel; December, 87); March, 90 7-8; May, 93 7-8. BUTTER AND CHEESE. The South Island Dairy Association has received the following reports from the New Zealand Produce Association, London Butter, 127$ to 1295; Danish, 1495; market firmer. Cheese, white and coloured, 745; market steady. RABBITSKIN SALE. The Dunedin Stock Agents and Woolbrokers’ Association report as follows : Fair-sized catalogues were ottered at yesterday’s sale. There were again orders in the market from oversea buyers, and the demand, particularly for winter bucks, was very keen. Reports from the London market are more cheerful than has been the case for some months, and this resulted in a fairly general improvement in prices to-day of 3d per lb. Winter docs did not show much change, and can he quoted very firm, whilst bucks were 3d to 5d dearer. The following is the range of prices:—Summer broken, "Id to ?2d; autumn broken, 13d_ to led; fust winter broken, 23Jd to 25id; runners and suckers, 5d to 9d; summers, Bid to lOd; light racks. 15d to 17d; prime racks. 14d to 16id; dawny autumn. 16d to 17Id: early autumns, IBd to 19Jd; autumn, 23d to 29)d; second incoming, 19d to 21d; incoming winter, 39d to 40Jd; early winter bucks, 44d to 4Gd; does, 31d to 35)d: first spotted winters. 29d to 32d; second winter bucks, 43d to 48)d; second winter does. 3Gd to 44d; first winter bucks. 72)d to 74)d; first winter does, 50d to 52d; prime bucks, 77d to 73 £d; prime does. 60d to GOkl; second spotted winters,. 22d to 25d; outgoing. 23d to 28d ; springs, 173 d to 19-jd; milky, lOd to ISkl: fawn. 39d to oOd; winter fawn,*74d to 7Cd; summer black, 6d to 7Jd; autumn black, lod to 20d; first winter black, 2Sd to 30d; second winter black, 19d to 24d: hareskins, lOd to 2F(d; horsehair to 17d.

LONDON METAL MARKET. Press Association—By Telegraph—Copyright, LONDON, September 15. Following are the official quotations in tho metal market: —Copper, spot, £47 0s 7id ton, forward £46 18s 9d ton; electrolytic;—spot £SO ton, forward £sl 10s ton; wire bars, £sl 10s; lead—spot £lßs 3d ton, forward £lB 2s Cd ton; spelter—spot £ls 18s 9d ton, forward £l6 7s 6d ton; tin—spot £133 ISs 9d ton, forward £135 8s 9d ton; silver—fine Is 4 13-16 d os:, standard Is 6.Vd oz. SYDNEY WOOL SALES. Press Association —By Telegraph—Copyright, SYDNEY, September 16. At the wool sales the offerings were 11,692 bales, of which 10,995 were sold, in addition to 3,437 which were offered privately. There was strong general competition, with a hardening tendency on quality wools. Continental and Japanese buyers were again.'the keenest operators. Greasy' merino hrougut 15ld. . LONDON WOOL SALES. Press Association —By Telegraph;—Copyright, LONDON, September 16. (Received September 17, at 10.40 a.m.) At the wool sales 11,083 bales were offered, including 2,478 front New Zealand. About 6,285 were sold. There was a very. Cull attendance from all quarters. Tho tone was somewhat hesitant, many buyers awaiting a basis on which they can operate, but there was a good clearance, except for short, faulty wools. Compared with the July dosing rates, good combing merinos were firm and unchanged; faulty, shabby lots, par to 5 per cent, decline; cross-bred, 7-} to 10 per cent, easier; slipes 10 per cent, easier. At tho lower level slipes met with good competition. New Zealand greasy' cross-bred, “ Droxford,” 10id and 9d. , Greasy. cross-breds ranged from 84d to Hid. Best half-bred slipes, WMF/T brands, 13 Jd, The Bank of New Zealand has received the following advice from -its London office, dated September 16: — Sales have opened with large attendance of buyers. Competition is only moderate, and greasy cross-breds declined by id to |d as compared with close July sales.' : '£ i-.r . The National Mortgage and Agency Company of New Zealand, Ltd., has received the following cablegram from its London office, under date 15th inst.:—The auctions opened here today with - a large attendance. of home and Continental buyers and with good general ..competition,,,,. Compared witn closing rates of last .sale we quote: — Greasy, merino (best), ho change; greasy merino (average).' td lower; greasy hiilf-breds, 50-56's, Id to Id lower; greasy cross-breds—4B-50’s, i d lower; 4648'5, Jd lower.; : 44-46’s, |d lower; 4044'5. §d ’lower; 36-40’s, id lower. Scoured cross-breds selling badlv at 10 per cent, to f l 5 per cent, decline; ' sc-bured .merinos 5 per cent, decline; slipe wools generally 10 per cent, lower.

, Messrs Murray, Roberts, and Co., Ltd., have received the following wool market cablegram from their London agents; -Messrs-Sanderson, -Murray, and Elder, Ltd., dated , the 16th inst.:— Sales have opened with largo attendance of buyers: competition .good and general. Yorkshire and Germany were principal buyers.", Compared, with closing rates last London sales, merino to extra ' good, niiirket shows no changeV merino' medium-, to t good, declined 5 per cent. ; merino inferior, declined 7-J - per cent. Scoured merino, declined 5 to YJ per centcross-bred greasy come-back and cross-bred greasy half-bred, nope offering: cross-bred greasy medium, declined 10 per cent.; cross-bred greasy coarse; - declined X S per cent.; cross-bred.-lambs, declined 71 per cent.:. cross-brod>scoured, best descriptions, declined 5 per cent. Other descriptions declined 10 per cent. Slip© half-bred lanibs declined 71, per cent.; other descriptions declined 10 per cent.FOREIGN exchanges. (British Official Wireiess.) Pres* Association —By Telegraph—Copyright. RUGBY; September 16. (Received September 17, at 11 a.m.)

A GILT-EDGED SECURITY CHRISTCHURCH: DRAINAGE BOARD DEBENTURES. 5i PER CENT. INTEREST. Applications are now being received by the' Christchurch Drainage Board for 5) per cent. Debentures maturing March 31, 19C5. Both principal and interest are payable free of exchange ab any: branch oh the Bank of New Zealand within the dominion. Denomination 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 bo made to the Office of tho Christchurch Drainage Board, 198 Hereford street, Christchurch, or 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.]

Quotations a* under Buyer*. Seller*. £ *. d. £ t. d. B AN.KING— Bank of Australasia (cum <liv.) 0 12 0 0 Bank of N.S.W. 30 0 — Bank of New Zealand 2 15 3 2 16 0 Commercial Bank ... — 0 18 3 National Bank of New Zealand 5 13 6 Union Bank of Australia Ltd . — 10 0 0 INSURANCES'.Z Insurance Co. ... 2 2 0 _ 0 Standard Insur. Co.... — 2 18 SHIPPING— Huddart, Parker (pref., cum div.) ... 1 0 0 0 P. and 0. Def. Stock — 2 6 U.S.S. Co. (prof) — 1 0 9 COAL— Kaitangata Coal 0 3 6d — Westport Coal Co. ... 1 9 0 1 10 6 LOAN AND AGENCYDalgety and Co. 1 1 0 1 2 5 Perpetual Trustees ... Trustee! Executors ... 5 8 0 — 2 19 0 — Wright. Stephenson (ord., cum div.) ... _ 0 19 0 Wright',' Stephenson (pref.) . ... 0 15 0 - MISCELLANEOUS— British Tobacco 1 11 9 1 12 5 Brown, Ewing (pref.) 1 0 0 — Bruce Woollen Co. (ord.) ... ... 0 9 6 0 12 0 Crystal Ice Co I 1 0 1 5 0 Dominion Rubber — 0 16 0 Milburn Lime and Cement (cx div.) ... 1 10 0 1 12 6 Mosgicl Woollen Co. 6 10 0 — National Electric — 0 10 0 N.Z. Drug Co. (cum div.) ... _ 3 0 6 N.Z Farmers' Fertilisers — . _ 0 18 9 N.Z Milk Products (Bonds) 0 19 0 10 6 Regent Theatre — Wilson's Portland Cement 2 0 0 : ' — BREWERIES— N.Z. Breweries, Ltd. — 0 . 2 9 3 N.Z. Breweries Debt. 1 1 — Dunedin Brewery _ 1 6 0 MINING— ■ Kawarau 0 0 6 Waihi ... ... — 0 15 ,0 Electrolytic Zinc 0 19 0 (pref.) ... 0 1 1 Paddy’s Point ., 0 3 1 0 3 6 Moha'kipawa 0 0 4 0 0 <5 0 Kildare 0 0 6 . . 0 1 Okarilo 0 7 0 0 7 5 Winding Creek (Is paid) ... 0 0 21 0 0 5 WAR BONDS— (Bonds quoted are £100 Bondi.) 1938 4i p.c. Bonds ... 100 0 0 — 1939 p c Bonds ... 100 0 0 ‘ 1941 4| p.c Bonds ... 1933 Si p.c. S.S. Bonds 100 0 0 — 99 15 0 1938 41 p.c. Inscribed 100 0 0 100 10 'o 1939 4 .p.c. Inscribed 100' 0 0 — 1935 51 p.c. S.S. Insc. 99 15 0 07 0 0 1941 54 p.c. Inscribed —

Sopu 11 Sept. 18 Paris, f-anc to £1 123.8-23 123,74 Brussels belgas to /.'I ,34.80 34 853 Oslo, kroner to j£l . 18.17 18.17 Stockholm, kroner to £1 ... 18.035 18.03 Copenhagen, kroner lo : j£f''..i 18.1G 18.16 Berlin, rcichmarken to ;£,! ... 20.41520.40 Montreal dollar to 4,85 13-32 4.851 - New "VorV,' dollar to jCl ••• 4.SH14.86 5-33 Milan, lire to 32.85 92.805 Amsterdam, florin to ;£! ... 12.07J 1207 Prague, kroner to ... 16S| 163” Geneva, franc to >£1 • ••- ■••• 25.053 So.O.’i.'* Vienna, •chilling to ... 34.435 34.415 Helsingfors marks to £1 ... 130J 133 Madrid, pese a to •£.! 44.G5 45.60 Athens, drachmae to j£l ... 373 375 Lisbon, escuac to ;£! ... 4 .... 108.23 108.25 Bucharest, lei to £\ 813 S14.1 Rio ' dc Janeiro ponce to • mllrols ... ... ... 5 1-32 Buenos Atre« pence to,, pet-os-41 J- .. r ; 41 Montevideo.' pence to 1 --dollar. 41 ?. Shanghai/ pence to* ?ae(- ' ■ -15i Vokohama pemc ic wn ... 'M 2J-Z2 Hongkong,’ pence k* dollar ... 15J 13 3-10 Fiorhbav, pence to. rupee. ... — Batavia, liorm to .£.1 * i-.or;-