WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume XLIX, Issue 79, 2 March 1929, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. A sale of New Zealand Paper Mills at 18s 3d, made lato on Thursday, was reported at the morning call yesterday, ; on the Wellington Stock Exchange, and at -the afternoon call another sale of Now Zealand Paper Mills at 18s 3d was reported, also a sale of Union Bank at £ls 8s 6d. Not much business was offering in Government securities, still there were bids of £99 15s for the 4£ per cents. (1938), £lOl 5s for the 5£ per cent, bonds (1933), and £lOl 7s 6d for the 1936 maturity. Wellington Racing Club debentures wore firm at £lO6 10s, and New Zealand Breweries bonds at 26s 2d. f . There was a slightly better inquiry for bank shares than on tho previous. day, with buyers of Bank of Australasia at £ls, Australian Bank of Commerce at 35s 2d, National Bank of New Zealand at £7 3s 6d, and National Bank of Australasia, £l3 paid at £l9 8s and £5 paid at £9 12s. Dalgcty and Co. shares on the Melbourne registers were in demand at £ls 11s 6d. There wero bids of 52s 6d for Goldsbrough Mort, £127 5s for New Zealand Loan and Mercantile, 9s Id for New Zealand Guarantee Corporation, and 10s 9d for Wellington Investment. National Insurance were steady at 16s Id. # A steady demand existed for gas shares, with buyers of Auckland Gas. at 24s 3d, Christchurch Gas at 25s Bd. Gisborne Gas at 9s 9d, and Wellington Gas at 31s. New Zealand Refrigerating, 10s paid, were in demand at.7s 7d, and Wellington Meat Export at 12s. Union Steam were steady at 20s sd, Westport Coal at 325, Kaiapoi Woollen ordinary at 14s Id, Kauri Timber at 17s, and New Zealand Breweries at 57s 9d. Shares in the miscellaneous section were in good demand. There were buyers ot Colonial Sugar at £59 15s, D. 1.0. preference at 20s bd, Holden’s Motor Body Builder* at 28s’8d, Newton King at 6s 6a, New Zealand Drug at 645, New Zealand i’aper Mills at 17s 9d, Sharland and Co. at 20s, Taranaki Oil at 4s Bd, Wairarapa farmers at 15s 9d, Casco Bricks at 27s 9d, Wilson’s Cement at 40s, and Mount Bycli at 45s 9d. Yesterday’s buying and selling quota-

SALES IN OTHER CENTRES. Per Press Association. CHRISTCHURCH, March, 1. Sales. —Mercantile Mutual, 34s (two parcels); N.Z. Refrigerating (£1 paid), 16s 6d, (four parcels); New Zealand Breweries, 57s lOd; Staples’ Brewery, 44s (two parcels) ; Mount Lycll, 44s (two parcclsl ; Taranaki Oil, 5s 3d; Maliakipawa, Is 4d (eight .parcels) ; Waihi, 13s 4d. Sales Rcportc.—Commercial Bank of Australia, 29s Id; Tooth’s Brewery, 555. DUNEDIN, March 1. Sale. —Waihi, 13s 3d. Salos Reported.—Commercial Bank of AUCKLAND, March 1. Sales.—Australian Bank of Commerce, 35s 6d; Commercial Bank of Australia, 29s ; National Insurance, 16s 3d; N.Z. Insurance, 475; Queensland Insurance, 68s 6d; Renown Collieries, 17s 3d; Auckland Gas, 24s 7d; Dcvonport Steam Ferries, 24s lid; Northern Steamship, 14s 6d; Waihi, 13s 3d, 13s 2d; Kuala Kampar Tin, 15s, 15s Id. OIL AGREEMENT. RUSSIA TO PARTICIPATE. (Australian Press Association.—United Service.) MOSCOW, March 1. A three-years’ agreement between the Anglo-American Oil Combine and Russian Oil Products has been signed. The agreemerrt gives Russian oil an equal share on the British market with other companies. Newspapers state that tho agreement docs not compensate tho owners of Russian oilfields which the Soviet confiscated.

PRICE INCREASED. (Times Cables.) LONDON, Feb. 28. Reports that negotiations between Russian and jother petrol companies were approaching finality were quickly followed to-night by an official announcement that the price of all petrol, including Russian, was being raised 2£d gallon forthwith. FROZEN MEAT. Dalgety and Coy., Ltd., report under date London, 28th February, 1929:—Lamb: N.Z. prime Canterbury, 28-361b5., 9jd; North Island, 28-361bs, 9d; Canterbury, 36421b5., 9gd; North Inland, 36-421b5., 9d; Canterbury, 2nd quality, Bid; North Islands, 2nd quality, Bid; Canterbury, 42-50 lbs., 94d; North Island, 42-501bs„ 9d. Market weaker; demand limited. Mutton: N.Z. prime Canterbury, 48-561b5., 6gd; North Island, 48-561b5., 6id; Canterbury, 56-641b5., 6Ad; North Island, 56-641b5., sld; Canterbury,' 64-721 be., sgd; North Island, 64-721b5., 5Jd; Canterbury ewes, 48-641b5., 4£d; North Island, 48-641b5., 4id. Market weaker; demand quiet. Beef: N.Z. prime ox, hinds, s£d; fores, 4d; Argentine chilled hinds, 7d; fores, sid. Market firm; demand continues. Australian lamb: G.a.q., 28-361b5., 84d; 36421b5., BJd; f.a.q., 28-36, 8d; 3rd grade, 7|d. Market weak; demand quiet. Australian mutton: G.a.q., 40-601b5., 4Jd; f.a.q., 30551b5., 4|d; ewee, 4id. Market weak; demand limited. Pork: English porkers, 80lOOlbs., llid; N.Z. porkers, 80-1001bs., 8d; 100-1201b6., 7id; N.Z. baconers, 120-1701b5.,

tions wore as under: — Buvers. beilers. N.Z. GOVT. LOANS— £ s. d. £ s. d. 41 d.c. Ins. Stk., 193b 99 15 0 51 p.c. ditto, 1935 — 0 101 10 5a d.c. ditto. 193b 101 5 4i p.c. Bonds, 1938 ••• 41 D.c. ditto, 1930 — 100 2 6 — 0 99 10 0 51 p.c. dittio, iy53 101 5 — 51 d.c. ditto, 1936 101 7 6 — 5i p.c. ditto, 1930 DEBENTURES— 0 99 10 0 Well. Racing Club ...106 10 N.Z. Breweries (bonds) BANKS— 1 b 15 0 2 0 15 2 0 Australasia Australian Bank of 1 15 Commerce 2 National of N.Z. ...... National of Australasia 7 3 6 0 0 (£10) % Ditto (£5) 19 8 9 12 9 14 0 FINANCIAL— 2 12 Goldsbrough Mort ... Dalgcty and Co. Mel6 15 11 bourno register) N.Z. Guarantee Corp. 6 (ord.) N.Z. Loan and Mcrcan 0 9 i 0 9 6 0 tile (ord.) 127 5 0 130 0 Well. Invest., T. & A. Well. Deposit and 0 10 9 0 10 9 GAS— Auckland (paid) 1 4 3 — Christchurch 1 5 8 1 6 2 Gisborne 0 9 9 — Wellington (ord.) INSURANCE— 1 11 0 16 0 0 16 National MEAT PRESERVING— 1 5 2 4 3 N.Z. Refrigerat. (10s) 0 7 7 0 7 9 Well. Meat Ex. (ord.) TRANSPORT— 0 12 0 0 13 0 0 Huddart-Parker (ord.) 1 0 2 7 Union Steam (pref.) ... 5 — P. and 0. def. stock WOOLLEN— Kaiapoi (ord.) COAL0 14 i 3 5 1 13 9 0 Westport TIMBER— 1 12 0 17 0 Kauri 0 — Leyland-O’Brien * — 1 14 6 National — 0 10 0 BREWERIES— New Zealand MISCELLANEOUS— 2 17 9 2 18 3 British Tobacco (Aust.) — 2 9 0 Colonial Sugar 59 15 0 — D.I.C. (ord., prem.) ... 0 10 •4 — Ditto (pref.) Holden’s Motor Bldrs. 1 0 9 — 1 8 8 1 9 2 Newton King (pref.) 0 8 6 — N.Z. Drug Co 3 14 0 3 17 6 N.Z. Paper Mills ...... Sharland and Co. (ord. 0 17 9 0 18 3 and pref.) 1 0 0 Taranaki Oil Wairarapa Farmers’ 0 4 0 13 8 (prof.) 9 — Wilson’s Cement 2 0 0 — 1 7 9 MINING— Mount Lyell 2 3 9 / —