Farming and Finance

Manawatu Times, Volume LIV, Issue 7241, 22 August 1933, Page 8

Farming and Finance

STOCK AND SHARE MARKET MONDAY, AUGUST 21, 1933. Wellington Stock .Exchange. Morning Cali.

CHRIST CHURCH SALES. Per Press Association. CHRISTCHURCH, Last Night. Sales on ’Change: New Zealand Government, 4 per cent, inscribed, 1940, £lOl (4); National Bank of Australasia (£5 paid), £6 6s; Bank of New Zealand, 4Ss 6d (4); New Zealand Refrigerating (£1 paid), 16s; New Zealand Refrigerating (10s paid), 7s (4); Alexander Mines (13s 6d paid), 235; Bell Ivilgour, Is 31d; Freshford, Gd; Gillespie’s Beach (Is paid), 2s Id; Golden Point, 2ldy Lawson’s Flat (Is paid), lid £2).;

Nokomai, 3s 3d (5); Okarito (cum. div.), 12s Id; Waihi Grand Junction, 4s. Sales reported: Staplos Brewery, 2Gs 2d; Mt. Lycll, 21s 9d (3). DOLLAR AND STERLING United Press Association—By Electric Telegraph—Copyright. LONDON, Aug. 19. Exchange on New York is 4.49 dollars to £l. PRICE OF SILVER (British Official Wireless.) .RUGBY, Aug. 19. Price of silver: Spot, 17 13-lGd per oz.; forward, 17 15-16 d. PRICE OF GOLD LONDON, Aug. 19. The price of gold is 125 s per oz. line. WOOL MARKETS UNEXCITED MR. DSVEREUX’S TERM EXPIRES.

LONDON, Aug. 20. Mr. W. P. Devereux, representative in London and on the Continent, of Australian woolgrowcrs, reports that although most commodity prices have shown declines, resulting from the American situation the wool markets on the whole have remained unaffected. Quiet markets are reported in all wool centres in the United Kingdom owing to the holidays. The French and Belgian markets arc described as slow. The Antwerp and Roubaix futures markets on resumption of business have largely recovered the decline previously reported. The announcement of the termination of Mr. Devereux's appointment has been ieceived with regret in Yorkshire wool-trade circles. Mr. Ayrton, president of the British Wool Federation, on being interviewed said, “We shall certainly miss him” (Mr. Devereux). “He was a valuable link between the growers and the buyers. He always faithfully represented our side of the question and was able to straighten out many difficulties. “The loss will be ours as well as Australia’s.” MEAT MARKETS LAMB REMAINS PIRM. The New Zealand Meat, Producers’ Board has received the following cable from its Loudon office, dated August 18, advising that the following are the approximate average prices realised for the week at Snrithlield market and London stores, compared with those of the previous week in parentheses:— New Zealand sheep: Canterbury and North Island crossbred wethers, 48/SG, 4 5-Sd (4id); Canterbury and North Island maiden ewes, 57/64, 4d (3d); selected, G5/72, 3pi (3-id); North Island, 48/SG, 4id (44d); 57/64, 3 7-Sd (Slid); G5/72, 3 5-Sd (3 5-8 d); 48/undcr, 31d (3 3-Sd); 48/G4, 3|d (3 I-Sd); G5/72, 3d (2-7-8 d). New Zealand lamb: Canterbury, 36/under, 7d (Gjd); 37/42, 7d (6fd); 43/50, Gid (G l-8d); second quality, average, 32, Gpl (G 3-8 d); other South Island brands, 36/under, 7d (Gjd); 37/42, 7d (Oid); 43/50, Grid (G l-Sd); selected North Island brands, including Downs, 3G/under, 7 l-Sd (G 5-8(1); 37/42, 7 l-8d (G 7-8 d); 43/50, GJd (G l-Sd); second quality, average, 32, G|d (0 3-Sd); other North Island brands, lirst quality, 30/undcr, G 7-Sd (G 5-Sd); 37/42, Gifd (G 5-Sd); second quality, average, 32, G 5-8 d (GJd). Argentine lamb, first quality, 36/undcr, 3 3-8 d (G l-Sd) j 37/42, Gjd (Gd). New Zealand beef: Ox, fores, 2id (2|d); hinds, 25-8 d (25-8 d). Argentine chilled beef: Ox, fores, 2 5-8 d(2 l-Sd); hinds, sid (4id).

Australian frozen beef: Ox crops, over 100, 2id (2*d); hinds ,over IGO, 2 7-8 d (2id). New Zealand prime porker pigs: GO/SO, 5d (4 pi); 81/100, 4:}d (4 5-Sd;; 101-120, 4 5-Sd (4id). Now Zealand baconer pigs: 120/IGO, 5d (4 7-Sd). Lamb market continues firm at the advanced prices. Demand remains good. Mutton market: Wethers firmer in sympathy with lambs with steady trade. Ewes are also firmer with better demand. Beef market: Little more inquiry for frozen beef owing to better prices Argentine chilled beef. Now Zealand porker pigs: Steady at the advanced prices. New Zealand baconer pigs: Firm with short supplies.

Buyers. Sellers, N.Z. Govt. Loans— £ s. d. £ s. d. 4 p.c. bonds, 1940 101 0 0 — 4 p.c. bonds, 1949 101 0 0 — 4 p.c. bonds, 1955 — 101 0 0 Rural Advc. Bond 34 p.c. ins. stk., — 98 10 0 1939-52 31- p.c. ins. stk., 100 2 6 — 1939-43 p.c. ins. stk., 100 7 6 — 1938-52 4 p.c. ins. stk., 100 0 0 — 1940 1 p.c. ins. stk., 100 15 0 101 5 0 1949 4 p.c. stk., 101 0 0 — 1955 Debentures— Auckland City, 51 101 0 0 p.c., 1944 .. .. (Jii’ch. City, 51 100 0 0 p.c., 1944 .. .. Dunedin City, 51 100 0 0 p.c., 1944 .... Wg'tu. City, 51 100 10 0 ‘— p.c., 1940 .... Eastbourne Boro,, 01 p.c., July 100 10 0 1, 1952 .. .. Makcrua Drnge. Brd., 0 p.c., 100 0 0 1940 — 95 0 0 Wgtn. Gas Co. .. 102 10 0 — Wgtn. Racg. Club Turnbull it Jones, 93 0 0 — Ltd Amlg. Brick and — 95 0 0 Bipc Banns — 90 0 0 __ Australasia .. .. Comm, of Aust. — 12 7 0 (ord.) Commcl. Banking 0 10 4 Co., .Sydney .. Bug., Scot, and — 17 10 0 Aust Nat. of A’asia. 5 0 0 — (£10) Nat. of A’asia. 12 18 0 13 4 0 (£5) 0 5 0 0 8 0 New iSth. Wales* 32 10 0 33 10 0 New Zealand 2 8 0 2 S 0 Union of Aust. .. financial— Abraham & Wil9 5 0 liams (ord.) .. — 3 10 0 Dalgety and Co. . Goldsb’gh., Mort. 8 15 0 — and Co. .. .. National Mort17 0 — gage, B .... N.Z. Guar. Corp. 10 3 — (ord.) N.Z. Invest., Mor. 0 0 8 0 7 0 and Dep N.Z. Loan and 0 3 3 — Merc., ord. stk. N.Z. Loan and Merc., 5 p.c. 44 10 0 (pref.) N.Z. and River — 100 0 0 Plate Wgtn. Invesr.., T. 10 0 — 05 A 0 4 3 Wgtn. Trust Loan Gas— 3 10 0 — Gisborne 0 3 0 — Napier (pref.) .. 9 10 0 — Wgtn. (ord.) Insurance— 1 12 9 ~ National of N.Z. 0 17 0 — New Zealand 2 11 0 o 12 0 South British .. 3 9 0 — Standard* .. .. Meat Preserving— — 2 10 0 Gear Meat .. .. — i 12 3 N.Z. Refrig. (£1) — 0 10 3 N.Z. Ecfrig. (£1) Wgtn. Meat Ex0 0 11 0 7 1 port (pref.) .. Southland frozen 0 15 0 Meat Transport— Kuddart - Parker ■“ 12 6 (pref.)* .. .. Union Steam 1 3 0 — (pref.) Coal — 13 0 Kaitaugata .... Timber — 1 1 9 — Loyland, 0 ’Brien Breweries — 0 18 0 N.Z. Breweries .. 1 14 7 1 .14 9 Staples and Co. .. Miscellaneous— Brit. Tobac., Aust. 1 6 o (ord.) 1 14 0 — Colonial Sugar .. Consol. Brick and 58 10 0 59 0 0 Pipe 0 0 0 — D.I.C. (pref.) Electro. Zinc (8 p.c., part 10 3 pref.) 1 11 0 — N.Z. Drug .. .. N.Z. Farmers’ o 6 o Fertiliser* Skarland and Co. 0 15 9 (ord.) .. .. .. Sharland and Co. 10 0 (ord.) 10 0 0 0 New Colosseum . Mining— U Alexander, contr. 12 0 — Big River .... — 0 1 7 Blackwater .. .. 1 12 0 — Consol. Goldfields 0 14 9 — King Solomon .. 0 2 0 — Ivawarau 0 0 54 0 0 7} Mt. Lyell .. .. 1 1 0 I 1 9 Nokomai 0 3 3 0 3 9 Okarito* 0 12 0 0 12 0 Waihi Waihi Grd. June15 1 tion 0 3 9 — Bell Kilgour — 0 1 4i Central Shotovcr * — * Cum. div. 0 1 4 Sales on ’Change, this day gour, Is 4d. Bell KilUNOFFICIAL LIST. Buyers. Sellers. £ s. d. £ 3. d Skippers Moonlight Nelson - 0 0 3 Creek Sluicing . N.Z. Perpetual Forests, Ltd. 0 1 0 (ord.) Claude Neon 2 10 0 Lights Invest. Exc. Trust 18 6 “B” Deb. 93 10 0