WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume LIV, Issue 88, 13 March 1934, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES.

Yesterday’s quotations oil the Wellington Stock Exchange confirmed the slightly firmer tendency that was apparent in the market at the close of last week. Trading was small, the bulk of the sales recorded being mado late on Saturday. Strong interest continued to bo shown in Government loans which showed a further hardening. The prices offered, however, failed to attract supplies, the only seller quoted being in 4 per cent, stock, 1940, at £lO2 ss. There was slightly more activity in local body and other debentures. Wellington Racing (Jlub, 8 per cents., 1935, advanced to £99. Banks showed very little change. National of Now Zealand were done late on Saturday at 84s sd, and Union of Australia at £lO 5s 6d. New South Wales were firmer. A sale mado late on Saturday at £34 2s 6d was followed by business yesterday at £34 ss, more being wanted at this figure. Pastoral' and gas shares were in demand at unchanged rates. Insurance were slightly firmer. Nationals wore sought at 18s 7d. New Zealands at 56s 9d, South British at 74s 6d, and Standards at 60s. Meat, coal, and timber shares showed practically no change. New Zealand Refrigerating, £1 paid, were wanted at 17s 3d. New Zealand Breweries were 3d -off at 39s 7d, but Staples moved up 4d, to 26s 7d. Miscellaneous shares were comparatively quiet. Colonial Sugars were unchanged at £65. Dominion Fertilisers wero traded at 17,s 7jd late on Saturday. Whiteombe and Tombs eased Is to 68s 6d, following payment of dividend. Wilsons Cement were firmer on a sale made at 26s 4jd. There was no business in mining shares, which were inclined to dullness. Gillespie’s Beach were firm at 2s 3d, but King Solomons cased to 4s 3d. YESTERDAY’S QUOTATIONS. Buying and selling quotations at yesterday’s final call on the Wellington Stock Exchange wore as follow: —

YESTERDAY’S SALES. The following sales were recorded yesterday on the stock exchanges mentioned: Wellington.—National Bank of N.Z., *£4 4s sd; Bank of N.S.W., *£34 2s 6d, £34 ss; Union Bank of Aust., *£lo 5s 6d; Wellington Woollen, pref., *£s 12 s 6d; Dominion Fertiliser, *l7s 7id; Wilsons Cement, £1 6s 4id. *Latc sale Saturday. Auckland. —Commercial Bank of Aust., 17s Id- Nat. Bank of Australasia, £5 paid, £6 10s; Bank of N.Z., (2) £2 8s 3d, £2 8s; National Insurance, 18s 8d; Westport Coal, 14s 8d; Westport-Stockton Coal, Is 6d; Auckland Gas, £1 5s 6d; Colonial Sugar, (2) £65; Wilsons Cement, (2) £1 6s 3d; J3ell Kilgour, 8d; King Solomon 4s sd; Maerewhenua. Unofficial list: I n * vest. Excc. Trust, 2nd B deb., £9O. Christchurch. —Inscr. Stock, 4 p.c., 1940 (2), £102; Union Bank of Aust., £lO 6s; New Zealand Insurance, £2 16s 9d; Goldsbrough Mort, £1 13s 6d; N.Z. Guarantee Corpn., 4s; Wright, Stephenson, pref., 18s Id; N.Z. Refrigerating, 10s paid 8s; Southland' Meat, £3 2s 6d; Westport-Stockton, ord.. Is 4d; Timaru Brewery, 7s 6d paid, 4s lid; Tooths Brewery, £2 3s 9d; Anthony Hordern, 15s 7d; Dunlop Rubber, 19s 6d; N.Z. Farmers’ Co-op., 4i p.c. stock, 1949, £80; Brian Boru, £1 10s 6d, £1 10s sd, (2) £1 10s 6d; Mount Morgan, (2) £1 Is 7d; Moonlight Nelson Creek, Is lid; Nevis Diesel, Is Oid; Rawang Tin, (2) 7s; Waitahu, (2) 4s lid. Sales reported: Inscr. Stock, 4 p.c., 1940, (2) £102; Union Bank of Aust.. £lO 5s 6d; N.Z. Breweries, £2 0s Id, £2; Timaru Brewery, 7s 6d paid, ss. Dunedin. —Inscr. Stock, 4 p.c., 1940, £102; Bell Hooper, (2) Is, Is; Bell ICilgour, (2) 7|d; Freshford, (3) Id. SYDNEY STOCK EXCHANGE.

YESTERDAY’S TRADING. SYDNEY, March 12. On the Stock Exchange to-day values

displayed some irregularity, except Lustre Hosiery, which were firmer as a result of the" company’s return to the dividend list. Sales. —Commercial Bank of Sydney, £lB 2s 6d; Colonial Sugar, £66; Burns, Philp, 575; Australian Gas, A, £7 18s 6d; British Tobacco 38s 7id. Tooths, 43s 9d; Tooheys, 27s 3d; Dunlop Pcrdriau, 19s 6d; Winehcombe Carson, 30s; Wilcox Mofflin, 13s 7d; Morris Hedstrom, 16s 7id; Electrolytic Zinc, 275; David Jones, 39s 9d; Anthony Hordern, 15s 7^d; Lustre Hosiery, 24s 8d; Standard Cement, 17s 6d. Mount Morgan, 225: Broken Hill Proprietary, 45s 9d; North Broken Hill, 945; South Broken Hill, 735; Bulolo Gold, £0 17s; Kuala Kampar, 14s 3d; Placer Development, £lB 2s 6d; Taranaki Oil. 2s 6d. MELBOURNE, March 12. Sales on the Melbourne Stock Exchange to-day included: —National Bank of Australasia, £5 paid, £6 10s 6d; ditto, £lO paid, £l3 ss; Australian Glass, 535; British Tobacco, 38s 6d; Taranaki Oil, 2s 3d. DOLLAR CONVERSION RATES. The Associated Banks have agreed that conversion rates from March 12 will be: U.S.A. Canada Conversion of dollar bills received for collection and sale of dollar drafts 4.98 4.99 Purchases of dollar bills 5.18 5.19 Those conversion rates are. of course, quoted on a sterling basis (London funds) and current rate of exchange New Zealand on London will be charged or allowed as the case may require. BETTER WOOL VAUES. GAIN AT WANGANUI. Per Press Association. WANGANUI, March 12. Realisations from wool sold in Wanganui at the two sales of the current season amounted to £823,434, as against a total of £267,222 obtained at the corresponding pales last season. This year 53,619 bales were disposed of as against 43,325 in January and February, 1933. The last auction here was on February 23. when 28.623 bales were offered and 22,469 wore sold. The total proceeds amounted to £277,877, the average price per bale being £l2 7s and the average price per pound 8.17 d. TALLOW AND HEMP. LONDON MARKETS QUIET. The Department of Agriculture has received the following cablegram, dated March 10, from the High Commissioner for Now Zealand, London Tallow. —Market continues quiet, but fair business has been done in mixed, fair to good at slightly easier prices.. Hemp.—Manilla market quiet and easier on larger production figures. “It” grade for March-May shipment quoted, sellers at £l3 15s. Sisal market quiet but steady. No. 1 grade for March-May shipment value £l7; for April-Junc shipment, £l7 2s 6d. New Zealand market quiet and small business has been done in common grade at £l3.

Buyers. Sellers. N.Z. GOVT. LOANS- 11 s. <1 £ s. d 4 p.c. Bonds. 1940 ...101 15 0 — 4 p.c. ditto, 1946 101 10 0 — 4 p.c. ditto, 1949 102 7 6 — 4 p.c. ditto, 1955 102 0 0 — Rural Advance Bonds 98 10 0 — p.c. Ins. Stk., 1939-43 102 7 6 — p.c. ditto, 1939-52 ...101 17 6 — 3j p.c. ditto, 1938-43 ...102 7 6 — 3i p.c. ditto, 1938-52 ...101 17 6 — 4 p.c. ditto, 1940 101 15 0 102 5 0 4 p.c. ditto, 1946 101 10 0 — 4 p.c. ditto, 1949 102 5 0 — 4 p.c. ditto, 1955 102 0 0 — DEBENTURES— Well. City, 4J p.c., 1943 101 10 0 — Hauraki Plains, 5| 1959 — 101 0 0 Feilding, 5j p.c., 1949 — 102 10 0 Waitonio E.P., 6 p.c., 1945 - 101 0 0 Eastbourne Boro., 41 p.c., 1952 — , 100 10 0 Ditto, 1943 — 101 0 0 Well. Gas Co 103 10 0 — Well. Racing Club ... 99 0 0 — Amid. Brick and Pipe, Auckland — 93 10 0 BANKS— Australasia — *13 10 0 Comrcl. of Aust., ord. 0 17 0 — Eng., Scot, and Aust. 5 13 0 — N'ational of N.Z —■ 4 5 0 National of Australasia, £5 paid — 6 15 0 New South Wales 34 5 0 34 10 0 New Zealand 2 8 0 2 8 7 New Zealand, “D” long term 1 13 0 — Union of Aust 10 0 0 10 6 0 FINANCIAL— Abraham and Williams, ord 2 5 0 3 0 0 Ditto, pref 3 15 0 — Dalgetv and Co 10 5 0 — Goldsbrough Mort. and Co 1 13 0 — N.Z. Guarantee Corp. 0 3 11 0 4 3 General Finance — 1 0 0 GAS— Christchurch 1 8 3 — Wellington, ord 1 16 3 — Ditto, pref 1 3 6 — INSURANCEAust. Prov. Assee. ... — 0 11 3 National of N.Z 0 18 7 — New Zealand 2 16 9 — South British 3 14 6 • Standard 3 0 0 — .MEAT PRESERVING— Gear Meat — 1 8 0 N.Z. Refrig., £1 paid 0 17 3 — Ditto, lOs paid 0 8 1 — Well. Meat Ex., pref. 0 19 6 — TRANSPORT— P. and 0. def. stock 1 3 0 — WOOLLEN— Kaiapoi, contrib — 0 3 2 COAL— Kaitangata, contrib. . — 1 1 9 Pukemiro 1 1 3 — TIMBER— Bartholomew 0 13 0 — Kauri 0 17 0 0 18 0 Leyland-O’Brien 1 1 6 — National 0 4 6 — Taringarnutu Totara . — 0 7 0 Rotoiti — 0 5 0 BREWERIES— Carlton 2 4 0 — N.Z. Breweries 1 19 7 — Staples and Co 1 6 7 — Tooth and Co — 2 4 6 MISCELLANEOUS—

British Tobacco, Aust. — *1 18 1 Colonial Sugar 65 0 0 — Dental and Medical Supply 0 6 0 — Dominion Fertiliser ... — 0 18 0 X.Z. Farm. Fertilser 0 15 6 — Sharland and Co., ord. 1 5 9 — Whitcombe & Tombs +3 8 6 — Wilsons (N.Z.) Cement 1 6 0 1 7 0 Woohvortlis, N.Z., ord 5 2 6 — C.M. Banks, Ltd., pref — 0 7 0 MINING— Alexander, contrib. ... 0 14 3 — Bell Kilgour 0 0 7 — Big River 0 0 9 0 1 0 Blackwater — 1 16 0 Central Shotover 0 1 0 — Consol. Goldfields — 1 0 0 Gilleepie’s Beach 0 2 3 — Golden Sands 0 2 9 0 2 11 King Solomon *0 4 3 0 4 7 Mount Dyell 1 4 7 1 4 10 Nokomai — 0 1 8 Okarito 0 9 6 — Waihi — 111 0 Waihi Grand Junction — 0 4 11 Brian Boru ■ 1 10 3 Nevis Diesel 0 1 0 — *Cum. dividend. fEx div •idend.