Stock and Share Market

Manawatu Times, Volume LVI, Issue 5581, 20 February 1931, Page 8

Stock and Share Market

THURSDAY, FEBRUARY 19, 1931. Wellington Stock Exchange:— 10 a.m.

CHRISTCHURCH SALES. CHRISTCHURCH, Last Night. Sales on ’Change: Holden’s Motors, 10s (3); Mt. Lyeli, 18s lid; King Solomon Mining, Is Bd, Is 9d, Is lOd (2), Is Old, Is 9d, Is Old (4); Mahakipawa Goldfields, 74d. Sales reported: National Insurance, 13s. FALL IN THE POUND. AUCKLAND, Last Night. Addressing the Chamber of Commerce annual meeting, the retiring president, Mr. Malcolm Stewart, said the depreciation of the New Zealand pound compared with the British pound to the extent of ten per cent, was puzzling the business community and a frank statement by tho Associated Banks would bo welcomed. Tho view was commonly held that New Zealand funds in London were being transferred to the credit of Australia. If such was the case our, banking system needed a review.

Buyers. Sellers. £ s. d. £ s. a N.Z. Government Loans— 4J p.c. Ins. Stk., & Bonds, 1938 54 p.c. Bonds. — 94 0 0 1933 Debentures— 99 5 0 —• 5g p.c. Thames Bor., 1959 Eastbourne Boro., — 97 10 0 <54 p.c., 1952 .. Banks— * 101 0 0 Australasia .. .. Aust. of Coin- — 9 0 0 uicrcc 0 13 0 Com. of Aust. Cord.) .... .. 0 13 0 National N.Z. .. — 4 14 0 New South Wales — 2G 10 u New Zealand financial— O 5 9 Goldsbr’gh, Mort. Abraham and Wil0 1(5 (5 — liams (pref.) .. N.Z. Guarantee — 5 0 0 Corp. (ord.) .. — 0 6 1 Or as— Gisborne .. ,. , # insurance— — 0 10 0 New Zealand Meat Preserving— 1 15 6 — Gear 1 7 0 N.Z. liefrig. (10s) 0 1 0 0 1 3 Coal— Westport Breweries— — 1 5 0 New Zealand 1 13 0 — Staples & Co. .. Miscellaneous— British Tobacco 1 10 0 (ord.) 1 7 0 — D.I.C. (ord., 10s) — 1 0 (5 Dunlop Bub ber .. Electro. Zinc 0 (3 0 — (ord.) Electro. Zinc 0 7 (5 — (pref.) .. .. .. Newton lung 0 14 (5 — (pref.) Whitcombe and — 0 12 0 Tombs 2 13 0 — Wilson’s Cement 1 1(5 0 — Oil— Blenheim .. ., .. o 4 0 Mining— Mt. Lyell .. .. 0 IS (5 First call this day.--Reported sale: Mt. Lyell, ISs 9d.