COMMERCIAL

Evening Star, Issue 20633, 5 November 1930, Page 7

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. A parcel of New Zealand Breweries changed hands on the Stock Exchange this morning at £2 6s, but no other business was reported or recorded. Bank of New Zealands wore wanted at £2 15s 6d, cum. dividend, but were without Boilers. A buyer of Commercials and one of National of New Zealand at 17s and £5 8s respectively, were also without selling support. For -E.S. and'-A. Banks £5 lls was offered, but (sellers would not take less than £6 4s. There was still a seller of Westports at £1 10s who was answered by a buyer at £1 Bs, and Kaitangatas were again wanted at 2s 6d discount without sellers. For Donaghy’s Rope and Twines £1 12s 6d was offered without sellers quoting. After the sale of New Zealand Breweries, the market closed with a further buyer at £2 4s 6d, but no sellers. Buyers of Mount Lydia improved io £1 Os 3d, and a seller offered to quit at £1 Is. 1 Sale on ’Change.—New Zealand Breweries, £2 ss.

DATES OF DIVIDENDS PAYABLE

M'Leod Bros., final, 13s, November

Mosgiel Woollen Co., final, 4s I 9 3-sd, November 12. Broken Hill South, interim, 6d, November 21. Taupiri Coal, interim, Is, November 15. National Insurance, final, November 22. National Bank of Australasia (paid), interim, 9s; cont., interim, 4s <3d; November 24. N.Z Paper Mills, interim, 8 2-sd, November 29 (approx.). Dank of New Zealand, interim, Is 4d, December 6 (approx.). P. and 0., final, Is, December 19 (approx.). * RUBBER MARKET. Frets Association—By Telegraph—Copyright. LONDON, November 3. Rubber stocks in London, 77)480 tons; in- Liverpool, 88,941 tons. BRADFORD TOPS. Press Association—By Telegraph—Copyright, LONDON, November 3. At Bradford merinos had a better tone, but cross-brcds were unchanged. SHEEPSKIN SALE. The Dunedin Stock Agents and Wool Brokers’ Association reports as follows ; The fortnightly sheepskin sale was held yesterday, when. medium-sized catalogues sold under wide competition from a full bench of buyers, in spite of this, half-bred full-woolled firstpelted skins showed a drop of -id per lb, while the drop in cross-bred was nearer a halfpenny. Medium skins of all classes were keenly competed for at from par to id less than last sale’s rates. Sound skins sold at Horn par to id less, while dead and damaged showed a drop of id to id on last sale’s rates. The following are the prices realised : Half-bred full-wool, s|d to 6|d; halfbred three-quarter-wool, 5d to Cd; half-bred half-wool, 4id to 6d; halfbred quartenvool, 3Jd to 4d; merino full-wool, 4Jd to sid; merino half-wool, 3id to 4id; merino quarter-wool, 3Jd; fine cross-bred full-wool s|d to 6d; fine cross-bred three-quarter and half-wool, 4d to s id; fine cross-bred quarter-wool, 2*Rl to 4i«; cross-bred full-wool, 4Jd to skl: cross-bred three-quarter and halfwool, 3id to s id; , cross-bred' quarterwool, 3d to 3|d; half-bred hogget, sid to s'|d; fine cross-bred hogget, s id to s id; cross-bred hogget, 4sd ,to 5Jd; half-bred dead and damaged, 3§d to 4Jd; cross-bred dead and damaged, 3icl to 3|d; first pelts, 3Jd to 3|d; second pelts, 2id to bdj lambs, 3£d to 4|d..^

GOLDEN PROGRESS MINE, A report from the manager of the Golden Progress Quartz Mme ? dated November 3, states that during the! past month a total of 56ft was driven and cross-cut. Of this distance 17ft was in reef. At 62|ft west of the shaft the cross-cut intercepted the reef,which was 22in wide and enclosed in solid walls, which are dipping south. The quartz is heavily impregnated with sulphides, and dish tests show' free gold over the 17ft driven in the reef width. Value has been maintained as the drive is being extended towards the winze, in which a block of rich stone is proved over a length of 127 ft. Proof will shortly be available as to whether the west shoot of ore is part of the mam reef, which, is now being driven on or a now shoot never before discovered and worked. , . A considerable amount of work uaa been done on the surface plant, and a. blower, .driven by an oil engine, is providing the ventilating current for the underground workings. MOTUROA OIL FIELDS. The report of the Moturoa Oil Fields Ltd. for the week ended. November h states that the Moturoa well is drilled to 2,715 ft in sandy shale and thin streaks of sandstone. The well flowed 560 gallons of oil from 2,300 ft, also hailed 575 gallons of oil and about 10Q gallons of salt water from 2,715 ft. BUTTER AND CHEESE. The South Island Dairy Association has received the following cable Iron* Loudonßutter—quiet. 110 s td K)ss. Danish, 1435. Cheese—steadier* White 75s to 765; coloured, 70s to 71s, LONDON. METAL MARKET. Press Association —By Telegnph.—Copyrights LONDON, November 3. (Received November 5, at 1 a.m.) Copper: Standard, £43 15s per ton's forward, £43 10s 7Jd. _ Electrolytic: Standard, £4o os; for* ward, £46 ss. Wire bars, £46 ss. Lead; Standard, £ls 15s; forward* £ls 7s 6d. „ , Spelter: Standard, £l4 13s SJdl ward, £ls ss. . Tin: Standard, £114; forward, £ll3 7s 6d. , Silver: Fine, Is 4Jd per oz; stand* ard, Is 6 l-16d.

FOREIGN EXCHANGES. (British Official Wireless.) Brest Association—Bj Telegraph—Cop yrighl.

Quotations as under:--To-day. Buyers. Sellers. £ s. d. £ s. fi: BANKING— Australian Bank of Commerce .... ... 0 19 9 — Bank of N.S.W. (cum. div.) 32 10 0 33 0 0 Bank ot Now Zealand (cum. div.) 2 15 6 — Commercial Bank 0 17 0 — E.S. and A, Bank (cam. div.) 5 11 0 6 4 0 National Bank of New Zealand 5 8. 0 — Union Bank of Australia, Ltd. 10 0 0 INSURANCE— National Insur. Co. (cum. div.) 0 14 6 7SHIPPING— Huddart, Parker (ord.) 1 6 0 — Huddart, Parker (pref.) 10 6 TJ.S.S. Co. (pref.) ... 1 0 0 — COAL— Kaitangata Coal 0 2 6d — Westport Coal Co. 1 8 U 1 10 0 LOAN AND AGENCY— Dalgety and Co. ... 8 76 — Goldsbrougli, Mort 1 2 0 National Mortgage (B Issue) 1 15 0 Trustees, Executor* 2 19 0 — Wright, Stephenson (ord.) 0 19 0 Wright, Stephenson (pref.) ... ... ' ... 0 15 0 MEAT PRESERVING— N.Z. Refrigerating (paid) , ... 0 8 0 - MISCELLANEOUS— Auckland Amuse. Park Ltijl. (ord.) 0 1 0 0 3 6 Auckland Amuse. Park Ltd. (pref.) 0 5 0 0 12 0 British Tobacco 1 13 6 — Bruce Woollen Co. (ord.) ... 0 10 6 — Crystal Ice Co. ... 1 1 0 12 6 Dominion Rubber — . 0 15 0 Donaghy's Rope and Twine 1 12 6 Milburn Lime and Cement ... ... ... M 8 0 — Mosgiel Woollen Co. (cum. div.) .... 6 10 0 , M‘Leod Bros. Soap (cum. div.) 19 0 0 — National Electric -0 ■ 9 0. 0 12 0 N.Z. Drug Co. 2 19 0 — N.Z. Paper Mills . 0 19 6 — ‘ 0tagO/;Daily Times.V V . — 5 1 0 BREWERIES— ” ; ' N.Z. Breweries Ltd. N.Z. Breweries Debs. 2 4 6 — T 1 o- — 0 Dunedin Brewery ... . -r ; 15. GASChristchurch ...... ■1 ; 5 0 16 0 MINING— Nokomai Sluicing ... 1 5, 0 Mount Lycll' ... ... Paddy’s Point ... ... 1 0 3 11 0 0 2 9 0 3 6 Mahakipawa ... ... 0 0 —- Okarito ... .... ... — 0 6 s King Solomon 0 0 8 0 1: 0 Golden Progress 0 7 3p — Taranaki Oil 0 2 6 — Moturoa. (5s paid) 0 5 o — WAR BONDS(Bonds quoted are £100 Bondi). 1938 44 p.c. Bonds..., — 100 0 0 1939 44 p.c. Bonds — 100 0 0 1933 54 P-c. S.S. Bonds 99 5 0 99 150 1939 41- p.c. Inscribed ■ 99 176 1939 44 p.c. Inscribed — 99 17 6 1933 54 p.c. S.S. Insc. 99 5 0 —

RUGBY, November 4. Oct. 80 Nov. 4 Paris, franc to £} 123.82$ 123,777 Brussels, belgas to £1 — 34.84 Oslo, kroner to £1 18.16 18.16 Stockholm, kroner to £1 ... 18.10$ 18105 Copenhagen, kroner to £\ .. Berlin, reichmarken to ... 18.16 18.16 20.36’ SO. 39 Montreal, dollar to £1 4.85 0-32 4.S3; New York, dollar to £1 ... 4.84$ • ' 4.83 21*32 Milan, lire to £* 02,801 . 92.795 Amsterdam, florin to ;£1 ... 12.06$ 12.065 Prague, c kroner to £1 - ••• 163$. 163* Geneva, franc iO £1 ... 23.02$ 25.03 Vienna, schilling to £1^ 34.45$ 34.4u5' Helsingfors, marks to- ... 193$' 193 43.25 Madrid, peseta to ;£1 43.40 Athens, drachmae lo ... 375 S75 Lisbon, escudo to £1 108.25 108.25 Bucharest, lei to £1 ».« ••• 818 818 Rio de Janeiro, pence *\ 4 5-7 \ 38$ \ to milreis Buenos Aires,. pence to peses 38 5-16 Montevideo, pence to dollar 39 40 Shanghai, pence to tael Yokohama, pence to yen ... 19 21 17-32 13 7-10 17 23-32 24 17-32 151 19$ 12.07 Hongkong, pence to dollar ... Bombay.,,, pence to rupee ... Batavia, florin .to, £\