COMMERCIAL.

Gisborne Times, Volume LX, Issue 9723, 5 June 1924, Page 2

COMMERCIAL.

STOCK AND SHARE MARKET. WELLINGTON Juno 4. At the 12.15 p.m. call th ci-a was a sale on ’Change of Bank of New Zealand sliarqs at £2 13s. —P.A. WELLINGTON. Juno 4. Sales: Bank of New Zealand, 53s 6d; Wellington debentures' £9B 10s; Ley.lancl, O’Brien 42s 6d. Quotations. Bank of New Zealand 52s 9d (b); Crowns 41s 6d (s); Howard, Smith 375; Union Bank £l4 14s 6d. —S’jeeinl. CHRISTCHURCH, June 4. Sales reported: 5 per cent, inscribed stock, 1927/ £9B; Bank of Now South Wales, ex. div.. £4O; Bank of Now Zealand, 52s 9d ; National Bank rights, 35s 6d. On ’Change: National Bank rights, 35s 3d. —Press Assn. DUNEDIN, June 4. Sale: Waihi Shares. 31s.—P.A. AUCKLAND, June 14.

Sales: New Zealand Loan inscribed 1927-41, £9B 2s 6d; Bank of New Zealand 52s 9d; Waihi 31s.—P.A. AUCKLAND, Juno 4.

Waihi 31s 3d (s), 30s 9cl (b); Junction 3s (s), 2s lOd (b); National Bank rights 35s Gd (s), 34s 3d (b); Bank of New Zealand 53s 3d (s), 52s 9d (b) ; Union Bank £l4 15s (s), £l4 12s (b) ; N.Z. Insurance 80s (s), 29s 3d (b) ; South British 40s 6d (s), 40s (b) ; Auckland Gas 25s 8d (b); do. contributing 4s (s), 3s Gd (b); Huddart, Parker 43s is), 42s 3d (b); Wilson’s Cement 29s Gd is), 28s 9d (b) ; Stocks 1938. £97 (s), £96 15s (b); 1939, £96 15s (b); Soldiers’ Loan £lOl 15s (s), £lOl (b). —Special.

HOME M ARKETS, The N.Z. Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their Loudon house under date May 30: “N.Z. Frozen Meat: No change m market.. Last quotation, 23/5/24: Lamb. 10pi per lb, average; mutton, wether and maiden ewe. light 71,d perlb, heavy 6|d ; ewe, light s|d per lb, heavy 4-gd. • “N.Z. Dairy Produce: Butter, choicest salted 166 s to 170 s per cwt; cheese, 80s to 83s per cwt; quietly steady.”

AMERICAN EX CHAN GE. MARKET DECLINING. CAUSE ATTRIBUTED TO FRENCH CRISIS. (Received Juno 4, 9.10 p.m.) ' NEW YORK June 3. The exchanges during the past 4 wcek lixve been slowly declining, as sterling reached 432), cents, representing a net loss of 21- cents. The franc touched 5 1-lOth cents, suffering a net decline in excess of three, cents, Bankers attribute the weakness to the French political crisis and to M. Herriot’s reported attack upon' terms of the Morgan credit to the Bank of France. This, though subsequently denied, nevertheless served to embarrass the market. —A. and N.Z.C.A.