COMMERCIAL

Evening Star, Issue 21878, 15 November 1934, Page 12

COMMERCIAL

LONDON STOCK EXCHANGE ACTIVE. (British Official Wireless.) Press Association —By Telegraph—Copyright RUGBY. November 14. (Received November 15, at noon.) Following the announcement that the Treasury had decided to increase the amount of annual redemptions of 3 per cent. Treasury bonds from 10 to 40 per cent., there was a fresh burst of strength in British Government stocks to-day. The total issue in 1932 of these Treasury bonds was £110,000,000, and the prospectus provided for annua] drawings of not less than 10 per cent. It is understood, however, that the reduction could be accelerated, and it was announced that the Treasury bad decided to repay on April 15 £444,000,000 of bonds. Gilt-edged securities opened buoyantly, and quickly established fresh high records. War loan, 34 per cent., after going to £lO7 10s, dropped to £lO7 -s 6d. Consols (24 per cents.) were quoted at £9O, and other Government stocks and locql loans changed hands freely at higher prices, India stocks continue strong, notably 24 per cent, at £79. The lists in connection with the issue of £500,000 3 per cent. Wakefield Corpotation, stock at £9B 15s closed within ■five minutes. NEW GUINEA GOLD SHARES. Press Association —By Telegraph —Copyright LONDON, November 14. (Received November 15, at 11 a.m.) New Guinea Gold shares are quoted at 6s OJd. LEAD MARKET. Press Association —By Telegraph—Copyright LONDON, November 14. (Received November 15, at 12.5 p.m.) Pig lead: Imports, 26,846 (Australian 14,191); exports, 369. SALES ON ’CHANGE: THIS DAY. Christchurch. —National Bank of New Zealand, 71s 6d, 725; Reserve Bank, £6 12s (4) ; Goldsbrough, Mort, 31s Id; New Zealand Refrigerating (10s paid), 10s (2); Christchurch Gas, 34s 9d; Bell-Hooper, sd; Gillespie’s Beach, Is 8d; Lawson’s Flat, 3d; Mount Lyell, 17s (2), 17s Id (3), 17s 2d; Worksop Extended, 3s 3d. Reported: Mercantile Mutual Insurance, 255; Dalgety and Co. (cum div.), £9 2s 6d; New Zealand Newspapers (late sale on the 14th), 33s 3d. Auckland. —Worksop, 3s 3d; Grand Junction, 4s 9d; New Zealand Guarantee Corporation, 5s 6d; Farmers’ Freezing, 20s; Waihi, 38s; Bank of New Zealand, 49s 9d; Broken Hill, 51s; New Zealand Insurance, 70s; Woolworths, 75s 3d. Wellington.—Westport Coal (cum div.), 19s 6d (2).