Farming and Finance

Manawatu Times, Volume LIV, Issue 7249, 31 August 1933, Page 8

Farming and Finance

STOCK AND SHARE MARKET WEDNESDAY, AUGUST 30, 1933. Wellington Stock Exchange. Morning (JalL Buyers. Sellers. £ s. d. £ s. ih

Sales this day: On 'Change: New Zealand Guarantee Corporation, 6s Bd. Eeported sales: New Zealand Breweries, 36s 9d; Staples, 25s 3d, 25s 4£d; Wellington Gas, 33s 8d; New Zealand Guarantee Corporation, 6s 8d; Bell Kilgour, Is 4d, Is 4£d; 801 l Hooper, lOd. Sales, late yesterday: 4 per cent. stk. (1940), £101; 4 per cent. £IOO 10s; 4 per cent, stock (1955), £IOO 10s; 4 per cent, inscribed stock (1949), £lOl ss; Bank of New Zealand, 48s 3d (3)- New Zealand Guarantee Corporation (pref.), 2.1 s 6d; Gear Meat (cum. rights), 31s l£d; New Zealand Breweries, 36s 3d (2), 36s 6d; Staples Brewery 25s 3d, 25s 4-}d; Southland Frozen Meat (contrib.), 25s 9d; Waihi Gold Mining Co., 25s 4d; Beil Hooper Cromwell Gold, Ltd., 9£d. * Cum. div. 1 Ex. div. UNOFFICIAL LIST. Buyers. Sellers. £ s. d. £ s. d. N.Z. Perpetual Forests (ord.) . —2 10 0 Snowy Biver .. 0 2 0 CHRISTCHURCH SALES. Per Press Association. CHEISTCHUKCH, Last Night. Sales on 'Change: New Zealand Government, 4 per cent, inscribed, 1940, £101; New Zealand Government, 4 per cent, inscribed, 1946, £IOO 10s (3); Comm. Bank of Aust., 15s lid (8); Comm. Bank of Sydney, £l7 10s; E.S. and A. Bank, £5 6s; Bank of New South Wales (ex. div.), £32 7s 6d; Bank of New Zealand, 48s 3d; Union Bank of Aust., £9 5s 6d; National Insurance, 17s sd; Goldsbrough, Mort., 29s (3); New Zealand Refrigerating (£1 paid), 17s 6d (2); New Zealand Refrigerating (10s paid), 8s 4d (16); Kaiapoi Woollens (17s paid), Ss; New Zealand Breweries, 38s (5), 38s 9d; Staples Brewery, 26s 6d (2), 26s 9d, 26s 8d (4); Australia

Glass, 495; Beath and Co., 275; Electro. Zinc (cum. div.), 33s 4d (5); Mt. Lyell, 21s 8d; Bell Hooper (9d paid), 9dJ (3); Bell Kilgour, Is 6-)d; Big River, Is 7t-d; Freshford, 9d, 84d; Golden Bands (cum, div.), 3s 4d; Lawson’s Elat (Is paid), 104 d; Okarito (cum. div.), 11s 9d (3); Waihi Grand Junction, 4s Id (2), 4s 1-id (3); Waitahu (5s paid), 7s 3d,,7s Id (4), 7s IJd, 7s 2d; Gillespie's Beach, 2s 3d (3). Sales reported: Wright, Stephenson and Co., 5 per cent, perpetual stock £B6 10s; Bank of Australasia, £ll 19s Gd; New Zealand Refrigerating (10s paid), 8s 4d, 8s 3d; Kaiapoi Woollen* (17s paid), 8s 3d, Ss; New Zealand Breweries, 38s 9d (2), 38s, 38s Id, 38s 6d; Staples Brewery, 26s 6d. MEAT SHIPMENTS IN BRITAIN The New Zealand Meat Producers ’ Board is advised by cable from its Londoin office that the shipments from Australia and South America to the United Kingdom during the first half of August were as follows:—Australia: Mutton, c/cs., 21,060; lamb, e/es., 39,826: beef, qrs., 4458. South. America: Mutton, c/cs., 27,043; lamb, c/cs., 102,050; beef (frozen), qrs., 452 (chilled) 197,018. The shipments from New Zealand to the United Kingdom for the same period were:—Mutton, c/cs., 155,494; lamb, c/cs., 445,523; beef, qrs., 22,801. No meat was shipped, from South America to the Continent of Europe during the same period. PRICE OF SILVER (British Official Wireless.) RUGBY, Aug. 29. Silver (pence an ounce) is quoted:— Aug. 24, Aug. 29. .Spot 171- 13 Forward .... 18 181 PRICE OF GOLD ANOTHER SHARP RISE. LONDON, Aug. 29. Tko price of gold is 129 s 41 d per oz. fine. The course of the price of gold since July last is given hereunder:— Per oz. s. d. Aug. 28 128 SI Aug. 26 129 4 Aug. 25 126 2 Aug. 24 125 9 Aug. 22 125 3 Aug. 21 125 2 Aug. 19 125 0 Aug. 17 125 3 Aug. 15 124 10 Aug. 14 124 8 Aug. 3 124 7 Aug. 2 124 3 July 20 124 6 July 11 124 10 July 1 122 4»}

The price of gold before England went off the gold standard on September 21s, 1931, was about 84s lOd. Gold at 129 s 4£d (as it was on December 3, 1932) per ounce brings the £1 sterling down to about 13s 2d. DOLLAR AND POUND LONDON, Aug. 29. Exchange on New York is 4.574 dollars to £l.

AUSTRALIAN SHARES ADVANCE WITH WOOL. SYDNEY, Aug. 29. On the Sydney Stock Exchange today the rise in wool values having exceeded the most optimistic anticipations, investors responded with a greater display of conlidcnce than has been witnessed since 1929. With one or two exceptions share values moved upward. Business was extremely heavy, and there was the greatest excitement in the vestibule, which was choked with investors. Kales: —Bank of New South Wales, £32 17s (id; Commercial Banking Co., of Sydney, £l7 12s; National Bank of Australasia, £5 paid, £ii (is; Colonial Sugar, £59 7s Gd; Australian General Insurance, 10s 3d; Mercantile Mutual Insurance, 18s; Associated News, 8s V'd; ditto, pref., 18s 9d; Burns, Philp, 525; Berlei, New Zealand delivery, 2Gs Gd; British Tobacco, 35s lid; Australian Glass, 49s Gd; Dunlop Perdriau, 18s 3d; Goldsbrough, Mort., 30s; Commonwealth Wool, 19s 7-Jd; Wilcox, Molflin, 10s; Winchcombe, Carson, 29s 10id; Electrolytic Zinc, 235; Anthony Ilordern, 10s d; Automatic Totes, 12s Od; Howard Smith, 12s -id; Tootns, 30s; Toohey’s, 23s 9d; General Industries, 9s 2d; Meggitts, 20s 3d; standard Cement, Iss 9d; Broken Hill Proprietary, 37s Gd: Broken Hill Proprietary, 37s Gd; Brokne Hill South, Gls; Buiolo Gold, 975; Buiolo Deposits, Is Sid; Mount Morgan, 445; ditto, New Zealand delivery, 445. MELBOURNE, Aug. 29. Sales on the Melbourne Stock Exchange to-day included: —Commercial Bank of Australia, 16s 2d; ditto, pref., £8 19s; Goldsbrough, Mort., 29s 9d; Herald-Times, 44s 9d; Electrolytic Zinc, 235; Australian Glass, 50s; Mount Lyeil, 21s 9d; Mount Morgan, 44s Gd. BRADFORD OPINION LONDON, Aug. 29. In its comments on the results of the Sydney opening wool sale, and the advance in prices, the Yorkshire Post remarks: “Bradford is in urgent need of good warp combings,, of which the

early offerings in Sydney are limited. “More than one linn, sent out buying liimts of odd in the tops, but failed to obtain supplies, and others were allowed unfettered buying for a limited number of bales. “Whether Bradford will be able t* support the current values after its urgent requirements arc met remains to be seen, although some would not be surprised to see the cost on the basis of 3s for 64’s counts before the season is much older.”

N.Z. Govt. Loans— 4 p.c. bonds, 1940 101 0 0 — 4 p.c. bonds, 1940 100 5 0 — Eurai Advc. Bond 34 p.c. ins. stk., —. 98 10 0 1939-43 100 15 0 — 34 p.c. ins. stlc., 1939-52 34 p.c. ins. stk., 100 2 6 — 1938-43 34 p.c. ins. stk., 100 15 0 — 1938-52 100 5 0 4 p.c. ins. stk., 1940 4 p.c. ins. stk., 101 0 0 -— 1940 100 5 0 — 4 p.c. ins. stk., 1949 101 10 0 4 p.c. ins. stk., 1955 100 5 0 Debentures — Dunedin City, 54 p.c., 1944 .... Makerua Drngc. 100 10 0 Brd., 6 p.c., 19-40 95 0 0 Petone Borough, 4£ p.c., 1953 .. 9S 10 0 100 0 0 Wgtn. Gas Co. .. 102 10 0 — Wgtn. Eacg. Club Amlg. Brick and 93 10 0 0 93 0 Banlcs — Australasia .. .. Comm, of Aust. — 12 0 0 (ord.) Comiucl. Banking 0 15 8 Co., Sydney .. Nat. of A’asia. .17 2 6 (£10) Nat. of A ’asia. — 13 2 0 (£5) 6 3 0 -— 32 15 0 New Stk. Walesf — New Zealand Financial — 2 8 s 2 8 «) Dalgety and Co. . Goldsb'gk., Mort. 9 0 0 and Co N.Z. Guar. Corp. 1 9 6 1 10 0 (ord.) .. ., .. 0 6 7 0 6 10 Wgtn. Invest., T. & A. 0 4 Wgtn. Trust Loan 3 10 0 — Gas — Christ church. i 7 1 _ Wgtn. (ord.) i 13 0 1 14 0 Insurance — New Zealand 11 0 2 13 0 South British 3 10 0 — Standard* .. .. Meat PreservingGear Meat (cum. 2 19 6 3 0 0 rights) Transport— Huddart - Parker 1 1.1 1 (ord.)* .. .. .. — 1 10 0 Union Steam (pref.) 1 3 0 — Breweries — Carlton* 2 0 0 N.Z. Breweries .. 1 16 10 i IS 0 Staples and Co. .. Miscellaneous — Brit. Tobae., Aust. 1 5 0 (ord.) .. .. .. Consol. Brick and — i 14 0 Pipe Dominion Invest0 6 ° ments Electro. Zinc (8 1 3 0 p.c., part vref.)* .. .. •• 1 12 6 Henry Jones 1 17 9 —— Howard Smith 0 11 6 — N.Z. Farmers’ Fertiliser* 0 15 9 — N.Z. Paper Mills Wilson’s Cement 1 7 0 (cum. rights) . Prestige N.Z. Ltd. 1 14 3 6 1 0 6 1 2 0 0 New Colosseum . Oil— Moturoa (crd.) .. 0 1 7 — Mining— Alexander, contr. 1 3 9 Big Elver .. .. — 0 i 7J Blackwater .. .. 1 16 6 — Consol. Goldfields 0 17 0 — Gillespie’s Beach 0 2 2 — Golden Sands'"' .. 0 3 0 — King Solomon .. 0 2 5 — Mahakipawa 0 0 11 — Mt. Lyell .. .. 1 1 7 — 0 O 6 — 1 5 6 — Okarito* 0 11 9 0 12 0 1 5 6 Waihi Grd. June'tiiOtt 0 4 1 0 4 14 Bell Kilgour .... 9i 0 1 6 11 Bell Hooper .. .. 0 0 0 0 Mataki 0 1 9 0 2 3

Opening rates were lows: — reported as i'olDollars to Aug. 2S Aug. 25 Aug. 24 Aug. 23 . .. 4.51 Aug. 22 . .. 4.494 Aug. 2.1 Aug. 15 . .. 4.44-1 Aug. 14 Aug. 11 . .. 4.49 Aug. 8 . .. 4.4(5 Aug. 3 Aug. t! . .. 4.43 July 31 . .. 4.59 July 2(5 . .. 4. Gil July 25 July 20 July JO