FARMING AND COMMERCIAL

Manawatu Standard, Volume LII, Issue 72, 24 February 1932, Page 5

FARMING AND COMMERCIAL

WELLINGTON STOCK EXCHANGE. YESTERDAY’S BUSINESS AND PRICES. The Wellington share' market again showed dullness yesterday and only four sales were recorded. There waa & restricted demand for Government securities, while sellers were numerous. .'The 54 per cent, stocks and bonds were wanted at £9B 12s 6d, the same as. on tho previous day. The 5A per cent, bonds, 1937, were wanted at £99, and the stocks at £9B 17s 6d, with a sale of the latter at £99; last week those stocks 6old at : £99 5e to £99 12s 6d. Rural advances 5 per cent., 1947, were 2s 6d higher at £BS 17« 6d, but sellers held for £B6 10s. Wellington Gaa debentures wore in demand at, £lOl, with no sellers. Wellington Harbour Board 54 per cents., 1940, were wanted; at £97 10a. The debentures of several local bodies are now being pressed for sale, and although prices quoted are easy there arc no buyers. , •There continues to be a small demand for bank shares. Commercial Bank of Australia ordinary at 14s Id and Bank of New Zealand at 44s 8d meeting with the most consistent demand. Bank of New Zealand long-term shares were steady at 26b. Bank of • Australasia were wanted at £0 od, this being the first buying quotation for several weeks. , Goldsbrough, Mort and Co. were firm end unchanged at 22s 6d, and for New Zealand Guarantee Corporation ordinary buyers offered 4s 3d, but Beliefs held for 4s 9d. There was again no demand for insurance, gas, meat, coal and timber shares. P. and O. deferred stock were steady at 21s. woollen shares were firm, Kaiapoi Woollen ordinary at 6s Id and Wellington Woollen ordinary at £4 2s od. New Zealand Breweries were a shade firmer at 25s 2d, but Tooth and Co. were clown 5d at 22s lOd. British Tobacco were down 3d at 25s 9d, Electrolytic Zinc preference were unchanged at 20s 9d; Dental and Medical were in deifaand at oa* with no sellers. New Zealand Drug were up- 3d at 45s 9d, and Woolworths rights were 6d higher at Is 6d. . Mining snares are meeting with a better demand. Mount Lyell were steady at 19s Bd, Okarito were up 2d at 9s sd, _ and Blackwater were 6d higher at 6s 6d. Mahakipawa were wanted at 2d. ■ YESTERDAY’S QUOTATIONS. Buying and selling quotations at yesterday’s final call on the Wellington Stock Exchange were as follow: —

t> "*Cum. dividend. ■ AUSTRALIAN STOCK EXCHANGES. U " SIDNEY, _ Feb. 23. With the resumption of . Parliament and fears of increased taxation. ; industrial stocks displayed unmistakable signs of ■weakness on the. Stock . to-day-The buying inquiry dwindled, appreciably, and business was spasmodio. banks feeling tte effects of the nervousness. Common•wealib Bonds were alsor weaker. Closing sales were: Bonds, four per cents, 1936, £& 16a 3d;., four, per ? cents , 1941. £93 2s 6d; four per cents, 1947, i.9Z, per cents., 1957, £9l 7a 6d; four per per cents., £1957, £9l 7s 6d; four per. ce-its 1953, £9l -7s 6d; four.per cents.,. 1961,’ £9l 12s 6d. Bank of New South Wales, £29 19s; Commercial Bank of Sydney, £l6 2s 6d; National Bank, £5 paid, 1003 6d ■ Queensland National Bank, ex drv.,. 102 s; Colonial Sugar, £44; 7s 9d; Adelaide Steam, 18s 6d; Nestles, oref, 27s 4id; Tooths, 25® 9d; Tooheys, ?7s 6d • Australian Glass, 33s 9d; Goldsbrough Morts., 25s 6d; Berlei, 18s 6d; Sp-Pfrdriau,- 12s 2d; British Tobacco, 29s 44d; Winchcombe Carson, 19s 3d, Mt. L Mo’ndng : Bonds, 4 per ■ioto £94 15s; 1941. £93 5s ;• 1951-55, 1 05;’1951-59. £9l 15s; 1951-61, PSL 1 -fal'’ Bank of New South Wales, £29 lg*. Winchcombe Carsoh, 19s 3d; Adelaid Steam, 18s 6d. meIbOURNE Feb. 23. Goldsbrough, Morts., 25s 74d; Perdriau, lZs 2d; Henry Jones, 27s 6d.

FOREIGN EXCHANGES. .". * LONDON, Feb. 22. The following rates on foreign exchanges were current to-day, as compared with

GOLD AND SILVER. LONDON, Feb. 22. f. Gold.—£6 per fine ounce. Silver.—Cash, 19 13-16 d per ounce; forward, 20d. METALS MARKET. • L SYDNEY, Feb. 23. The official London (middle) quotations for Monday, as received by the Australian Mines and Metals Association, compare as follow with those previously cabled: —

BRADFORD MARKET. LONDON, Feb. 22. The Bradford tops market is quiet, and prices are tending easier. Previously cabled quotations compare

WHEAT MARKETS. LONDON, Feb. 22. : Wheat cargoes are quieter due to lower foreign- advices. Quotations are unchanged. Parcels are steadier at a decline of 3d. Futures:—London : February, 26s 74d per quarter; June, 26s 114 d. Liverpool: March, 5s 6 7-8 d per cental; May, 5s 10d;. July, 6s 0 3-4 d; October, 6s 2 5-Bd.

, ; • j BULLS SALE, , Jp Associated Live Stock Auctioneers, Ltd., report having a good entry of'’sheep at their Bulls sale' on. Monday, 22nd- mst., practically all of which were sold at prices ae below: Small shorn b.f. lambs, 4s 3d: email ’wether, lambs, 3s 9d, -4s 9d; 6mall b.f. woolly lambs, 6s 7d, 6e 9d; b.f. shorn rape lambs, 8s 4d; b.f. woolly rape lambs, 8s 3d; small b.f. 2-ths, & 7d; small mixed 2-ths, 'Bs 3d; cull aged ewes, Is, Is 3d,, Is 9d, 2s, 2a 9d; fat ewes, 6s 2d, 7s; small 4-th ewe 3,10 s 6d, 10a 9d; small 6-th ewes, 8s 9d; 2-th S.D. ewes, 16s; small 2-th ewes, 10s 6d; mixed aged S.D. ewes, 15s; 2-th ewes, 13s; 5-year ewes, 6e, 8s 8d; forward owes, 4s 2d, 4e 7d, 5s 3d, 5s 4d, 5s sd; S.D. ranis, lgn, ljgns, 2gns, 2igns; light fat and forward cows, 32s 6d; weanor pige, 5s 6d; slips,.- 7s, Bs, lie.

At a- tale held at Morrinsville lasi) week lines of-East Coast cattle came forward and attracted buyers from all mitsid© districts. The cattle in spite of their long journey by road landed in good condition and sold under good competition, all lines changing hands under the hammer at satisfactory prices.

Buyers. Sellers. N.Z. GOVT. LOANS- £ 8. d. £ 8. d. p.c. bonds, 1933 ... 98 12 6 — . p.c. ditto, 1937 99 0 0 99 7 6 5 p.c. ditto, 1937 99 0 0 99 7 6 r 5 p.o. ditto, 1937 — 95 10 0 f 4 i p.c. Ins. Stk., 1939 — 95 0 0 S> i p.c. ditto. 1933 98 12 6 98 17 6 i 5 . p.c. ditto. 1936 — 99 10 0 | 5 p*o. ditto. 1937 98 17 6 99 0 0 f 5 ■ p.c. ditto, 1941 — 96 0 0 51 p.c. ditto, 1933 — 98 2 6 54 p.o. ditto, 1937 — 95 5 0 Rural Advances, 5 p.c., • r 1947 85 17 6 86 10 0 1)E BENTURES— V /ell. Gas Co. 101 0 0 — Well. Racing Club ... Well. Harb. Bd.,.54 .00 0 0 p.c.. 1940 97 10 0 — Palmerston N. Uity, 05 96 5 p.o., 1948 — 0 Makerua Dm. Bd.. 6 96 10 p.o., 1946 and 1950 ... — 0 Rotorua Boro., 6 p.c., 99 10 1QA1 0 Hamilton Boro., 44 p.c., 84 0 1fld7 __ 0 Hauraki Plains, 5} p.c., 93 0 1SK0 0 BANKS— 12 Australasia 8 6 — Commercial Aust., ord 0 14 i — Commercial Bank. Co. 15 0 2 4 N^'zSi.dz 4 8 0 9 Ditto, long term 1 FINANCIAL— 6/ 0 r Golsdbrough, Mort 2 6, — Abraham and'A/illiiraa,'" — *7’. 3 12 pref. •VA..u';ii&.-....-.v;,-/ • ‘ 6 N.Z. GuarJ 1 Corn.,' ord. 0 N.Z. Invest. Mtg & 4 3 0 4 0 9 9 N Deposit);’'. .Z; Loan and Merc., 9 0 45 0 — Well. Invest., T. & A. — 0 10 0 Well. Trust and Loan — 6 1 0 Well. Dep. and Mort. INSURANCE— 0 10 0 ■National " MEAT PRESERVING— 0 13 0 9 — 1 7 Well- Meat* Ex;, pref. TRANSPORT— . — 0 15 0 P. and' O': stock 1 WOOLLEN— : 1 0 0 Kaiapoi, ord. ...; 0 6 — Wellington, r ;Ord. 4 BREWERIES —. ' ‘ - 2 6 New Zealand .; 1 5 2 — 8 Tooth "and Co.’ 1 Z 10 1 3 miscellaneous-.-* ■■ 9 1 7 BritisKf. Tobacco, ord. 1 5 0 Bums, Philp and Co. — 1 18 9 Colonial- Sugar — 39 5 0 DentaFand Medical ... 0 4. 6 — Electno. Zinc, pref. ... 1 0 9 *1 1 6 National Electrio —. 9 0 10 0 NZ . Drug 2 5 Woolworths, pref. (rights) . 0 1 6 _ iMlNirsG — 8 1 0 0 2 Mount Lyell -, 0 la 4 0 Mahakipawa ; , - 0 0 2 — 8 Golden Dawn — 9 Blackwater • ............... 0 6 6 —

per.— Feb. 22. Par. New York. dol. to £1 ... 3.461 4.866 Montreal, dol. to £1 3.935 4.866 Paris, francs to £1 88 124.21 Brussels, bel. to £1 ?4.875 35.00 Geneva, francs to £1 17.75 25.225 Amstedam, florins, to £1 8.565 12.107 Milan, lire to £1 66.625 92.46 Berlin, marks to £1 14.575 20.43 Stockholm, Jcnr. to £1 ... 18.125 ■18.159 Copenhagen, knr. to £1 . 18.125 18.159 Oslo, knr. to £1 18.375 18.159 Vienna, schgs. to £1 Prague, knr. to £1 *32 34.585 116.75 164.25 Helsingfors, marks to £1 220 193.23 Madrid, pes. to £1 ...... 44.75 25.225 Lisbon, eso. to £1 109.75 4.60 Athens, drach to £1 270 375 Bucharest, lei to £1 577.50 813.60 Rio de J., p. t omil. ... B. Aires, p. to peso 41 16.70 47.62 M Video, p. to peso ... 31® 51 '■''■ Calcutta, p. to rup. 18 5-32 18 • Shanghai, p. to tael — '.-4-Hong-Kong, p. to dol. ... 1713-16 24.582. Yokohama, p. to yen ... 23.625 24.582 Batavia, florins to £1 ... •Nominal. 8.56 12.107,

Feb. 18. Feb. 22. j Per ton. Ter ton. Copper^- £ s. d. £ s. d. Standard, spot .. ... 33 18 9 38 18 9 Standard, forward 38 6 3 37 8 9 •Electrolytio ... 41 10 0 41 5 0to 42 10 0 41 10 0 Wire barB 41 10 0 14 15 0 Spot Forward 144 15 0 5 Spelter— 14 2 6 Forward ........ 14 10 0 Tin— 140 13 9 Forward .. 143 66 3 143 3 9 Bilver— Standard, per or . 19/9-16d 1913-16d Fine, per oz ... .. 21gd ' 213-8d

as follow Jan. 28. Feb. 4 Feb. 11. Feb. 18 Seventies Sixty-fours Per lb. Per lb d. d. ... 23} 23. Per lb. Per lb. d. ' d. 264 26J 23} 234 : 22 22 22 22 Fifty-sixes ... 174 iv. 174 174 Fifties 12: 123 124 Forty-sixes ... 94 9 10 10 10 Forties ... 9 9 9