COMMERCIAL

Gisborne Times, Volume LXXIII, Issue 12084, 25 October 1933, Page 7

COMMERCIAL

BANK OF N.Z. DIVIDENDS i Press Association ; WELLINGTON, Oct- 3-1 Tiie directors of the Bank of New Zealand announce an interim dividend of Is a share, equal to .10 per, cent, per annum, on ordinary shares, and 3fv per cent .on D long term mortgage shares, payable in. New Zealand currency on December 9. Last year the bank paid an ordinary dividend of J LIT per cent, per annum on ordinary shares, and < ' per cent, on the D mortgage issue. DAIRY PRODUCE MARKET. BUTTER PRICES FIRMER. After declining.to. 08s.. flic Price °t New Zealand finest stilted butter firm eel on Wednesday, owing to a shortage of spot supplies, and on Friday sales were made at up to 102 s. Danish butter made a sharp rise owing to an increase in Germany s import quota-. Friday's closing quotations 111 London for Danish were IUOs a cwt. f.0.b., and 12Us for spot, representing advances of 10s and 12s respectively. The Empire Marketing- Board’s estimate of the stocks of all butters a t the beginning of last week was 754.123 boxes. The total quantity of New Zealand butter m store in London is reported by the Dairy Board’s London office a-s 3380 tons, compared with 4375 tons a year age. Australian butter in store is 675 tons, compared with 1525 tens. The London cheese market is dull.

LAMB PRICES HIGHER. LONDON MARKET VERY FIRMMUTTON AND BULK LUTTER. Thu land) market is very firm, with increased prices., Brices to-day are generally from *d to .1 (I better than weekly average iruotations. Homekilled supplies arc casing down, and stocks of imported lamb are now gettin,/ into short compass owing to the late Australian season. The mutton market is firmer in 'Sympathy with lamb. Roth wether* and ewes ui<> meeting with a good trade. Beef market: Better demand owing to higher prices Argentine chilled beef. New Zealand porker pigs: Very good demand, with better prices. New Zealand baconer pigs; Nominal. .Practically no sales reported owing to temporary low prices Continental bacon, The above report was received on Saturday by the Meat Board from its London office. SYDNEY SITAEEMA RKET (U.P.A. by Elec- Tel. Copyright; SYDNEY, Od,. 24. Stock Exchango sales this morning were: Bonds, 4 per cent. 1938, £lO3 1,5 s ; 1.941, £lO5 10s;; Bank of Now South Wales, £33 15s; T’oohey’s, 24s 6d; Broken Hill Proprietary, 39s 9d; Goldsibrough Morf, 29s 3d

STOCK AND SHARE MARKET (Pr«ss Associationj AUCKLAND, Oct- 24. Sales on Change: Grand Junction 3s lid; Bank of New Zealand, 45s 9d; Amalgamated Brick, 7-£ per cent., £93. WELLINGTON, Oct. 24. v Reported sales; Henry Jones, 38s 9d; Bank of New Zealand, 45s 7£d. CHRISTCHURCH, Oct. 24Sales on Change: Government •* per cent, inscribed stock, £lOl 10s; N.Z. Refrigerating, 10s paid, 9s 3cl 9s 2d (2); British Tobacco, 37iS 6d, 37s 6d i DUNEDIN, Oct- 24. Sales on Change: Hreghfond, sd'.

SOUTH AFRICAN LOAN

(U.P.A. by Elec. T"! . Cm>yrigjit.) LONDON. Oct. 23. The Sun-Herald News Service understands- that hundreds have withdrawn their cash applications ior tjlie Sou fill African conversion: loan owing to market repercussions l rein the European crisisT'iie undenwriter.s are not alarmed an the loan was heavily staggered.