Farming and Finance

Manawatu Times, Volume LIV, Issue 7270, 25 September 1933, Page 8

Farming and Finance

STOCK AND SHAKE MARKET SATURDAY, SEPT. 23, 1933. Wellington Stock Exchange. Morning Call. Buyers. Sellers. £ s. d. £ s. iL N.Z. Govt. Loans—--4 p.c. bonds, 1940 101 0 0 4 p.c. bonds, 1946 100 7 6 101 2 6 4 p.c. bonds, 1949 100 15 0 Rural Advc. Bond 34 p.c. ins. stk., 1939-43 100 0 0 3J p.c. ins. stk., 1938-43 99 15 0 4 p.c. ins. stk., 1940 101 0 0 4 p.c. ins. stk., 1946 100 7 '6 101 2 6 4 p.c. ins. stk., 1949 101 12 6 4 p.c. ins. stk., 1955 100 5 0 100 15 0 Debentures— Wgtn. City, 51 p.c., 1940 .... Wgtn. Harb. Bd., 54 p.c., 1940 .. 100 0 0 Wgtn. City, 5^ p.c., 1/10/1939 . Wgtn. Gas Co. .. 102 10 0 Wgtn. Racg. Club 94 10 0 Amid. Brick and Pipe (Wellington) '1 92 0 0 97 0 0 Banks— Australasia* .... 12 14 0 13 0 0 Comm, of Aust. (ord.) 0 17 1 Comm. Bnkg. Co., Sydney .... 18 3 0 Eng., Scot, and

Aust 5 18 0 National of N.Z. 4 5 6 4 7 0 Nat. of A’asia. (£5) 6 .13 6 New South Wales 32 12 6 New Zealand .. 2 5 .1 2 5 9 Union of Aust. .. 10 5 6 Financial— Abraham and Williams (ord.) .. Goldsb'gh,, Mort. and Co 1 9 S 1 911 Nat. Mortgage, “B” 17 0 N.Z. Guar. Corp.

(ord.)* 0 7 6 N.Z. Guar. Corp.

(pref.)* .... 110 12 6 N.Z. Invest., Alor.

and Dep 0 3 3 N.Z. Loan and Merc., ord. stk. N.Z. and River Plate 13 0 Wgtn. Trust Loan 318 0 Wgtn. Dep. and Alort 0 3 6 Gas— Auckland .... Christchurch, con. 013 3 Wgtn. (ord.) .. 113 0 113 9 Insurance — National of N.Z. 0 18 3 New Zealand .. 215 0 215 9

South British .. Meat — Gear Aleat (cum. rights) ...... 113 0 N.Z. Refrig. (£1) 019 3 N.Z. Refrig. (10s) 0 9 8 0 911 Southland Frozen

Meat ...... 3 12 6 Transport— Union Steam (pref.) 14 0 15 0 P. and O. Defd. i .Stock 13 0 Woollen— Wgtn. (pref.) .. Coal— Westport ...... 012 9 Timber— Kauri 012 G 015 0 Loyland, O’Brien 017 3 018 0 Breweries— Carlton —2 0 0 N.Z. Breweries .. 115 0 110 0

Staples and Co. .. Miscellaneous — Brit. Tobac., Aust. (ord.)* .1 16 9 117 6 Colonial Sugar .. 58 15 0 Consol. Brick and Pipe ....... Donaghy’s Rope and Twine .. 2 0 9 D.I.C. (pref.) .. 10 9 Dunlop - Perdr.* OIS 0 Electro. Zinc (ord.) 13 0 Kiectro. Zinc (8 p.c., p a r t pref.)* U'3 4 113 0 Henry Jones Co-op 1 18 6 National Electric 0 9 6 Sharland and Co. (ord.) ...... 106 Sharland and Co. (pref.) ...... .106 Wilson’s Cement

(cum. rights) . 115 5 116 0 Woohvorths (Sydney), 2nd. pref. New Colosseum . —2 0 0 N.Z. Newspapers* 17 0 Prestige N.Z. Ltd. (pref.) Oil— Moturoa (ord.) .. 0 1. 8 Taranaki 0 2 0 Mining— Alexander, contr.* Alexander .(fully paid) Big River .... 0 18} Gillespie’s Beach 0 2 2i 0 2 4 Golden Sands .. 0 3 7 King Solomon 41 .. 0 3 4 Mt. Lyell 1 3 0 Nokomai 0 2 9 Okarito 011 3 011 5 Waihi* 16 0 Waihi Grd. Junction 0 4 2 Waitahu 0 7 4 Bell Hooper .... 010 Bell Kilgour .... Mataki 021 9 2 6 Central Shotover 0 10

* Cum. div. UNOFFICIAL LIST. CHRISTCHURCH SALES. Per Press Association. CHRISTCHURCH, Last Night. Sales on ’Change: 400, Comm. Bank of Aust., 17s 2d (2); 100, Goldsbrough, Mort., 29s 8d; 100, N.Z. Loan and Merc, (ord. stk.), £65; 150, N.Z. Refrig. (£1 paid), 19s 6d; 1000, N.Z. Refrig. (10s paid), 9s 9d (6); 100, Kaiapoi Woollens (17s paid), 9s 6d; 300, New Zealand Breweries, 36s Id, 365, 35s lid; 100, British Tobacco (cum. div.), 37s Id; 300, Dominion 0 l

Dunlop Rubber (cum. div.), 19s (2); 200, Mt. Lyell, 23s Id (2); 300, Alexander Mines (13s Od paid, cum. div.), 20s 7d (2), 20s 6d (2), 20s sd, 20s 4d; 200, Gillespie’s Beach, 2s 3d; 500, Lawson’s Flat, sd; 100, King Solomon (cum. div.), 3s; 100, N.Z. Farmers’ Co-op., 44 p.c. stock, 1940, £62. Sales reported: 81, National Bank ox Australasia (£5 paid), £36 14s 6d; 100, National Insurance, 18s 3d; 50, Dalgcty and Co., £lO 12s 6d; 100, British Tobacco, 37s Id; 300, Dominion Fertiliser. ,12s Sd (3); 100, Wilson’s Cement, 35s 6d. DIVIDEND DECLARED. Per Press Association. CHRISTCHURCH, Last Night. Golden Sands, Ltd. has declared a dividend of 5 per cent., payable on September 30. PRICE OF GOLD RISES (United Press Association—By Electric Telegraph.—Copyright.) LONDON, Sept. 22. The price of gold is 133 s 7d per oz. fine.

The price of gold before England went oil the gold standard on September 21, 1931, was about S4s lOd.

DAIRY MARKETS BUTTER FIRM, CHEESE STEADY. The New Zealand Dairy Produce Board has received its regular market report from Loudon showing the butter market is firm. Prices arc as follows: —New Zealand salted, 105 s to 110 s pet cwt., which equals approximately l-.60d per lb., f.o.b.j unsalted, 108 s to 112 s; Danish, spot, 118 s (quiet); Australian, salted, 106 s to 110 s; unsalted, I.los to 112 s. The retail price for New Zealand butter will be increased next week by Id per lb. to Is Id. The stock position is as follows: —■ New Zealand: September 22, 1933. 6113 tons; September 22, 1932, 3341 tons. Australian: September 22, 1933, 955 tons; September 22, 1932, 11-5 tons. Total number of tons: September 22, 1933, 750 S tons; September 22, 4466 tons. The cheese market is steady, with New Zealand cheese selling retail at Od per pound. New Zealanu white is quoted at 54s and 54s 6d to 55s per cwt., and coloured at 54s to 555, Canadian white, 53s and 56s to 58s, and coloured 54s and 56s to 58s. English farmers’ is selling at 74s to 78s. The cheese stock position is as follows: — New Zealand, crates: September 1933, 105,623; September 22, 1932, 51,834. Canadian, boxes: September 22, 1933, 103,000; September 22, 1932, 165,557. Total number crates and boxes: September 22, 1933, 208,623; September 22, 1932, 217,691.

LONDON WOOL SALES JAPANESE BUYING THREAT. LONDON, Sept. 22. Offerings at tiie wool sales to-day amounted to 10,030 bales, including 0117 New Zealand, and 7735 bales were sold. There was a full attendance of buyers, and late rates were well maintained, except for inferior qualities, which were slightly irregular and weaker in price. Greasy merinos, from Queensland, sold at 17d highest, and 15 5-8 d average. New South Wales merinos sold up to 17jd. Scoured merinos from Queensland made 27Jd highest and 25 l-8d avcrag_e. South Australian merinos sold at 25d highest and 23£d average. New Zealand scoured merino sales were “Gerard" 27d, and New Zealand greasy half bred, ‘ ‘ Baftields, ’ ’ made 16d highest and laid average. The Yorkshire Post wool expert says London’s substantial endorsement of overseas rates, though not sensational, has confirmed most people’s desire to see a steady maintenance of a level commanding general support, and is con-

tributing valuably to lioinc confidence and increased consumption. The Yorkshire Observer has interviewed manufacturers at length in. relation to Japan’s threat to divert its purchases of wools to -South America as a reprisal for Australia’s anti-dumping tariff. All agree that it is bluff, because the South American supply of merinos is limited, whereas Australian merinos arc plentiful and arc essential for the goods in which Japan now specialises. Even if Japan did transfer its purchases to South America it would only increase the price in South America and would encourage Bradford to restrict its purchases there and buy more from Australia. Nevertheless, it is admitted that it is a significant fact that Japan is crossing 'Australian sheep with Mongolian breeds.

The course of the price of gold since July last is given hereunder: — Per oz. Sept. 21 132 133 9 9 131 9 131 9 130 5 130 5 Scmt 14129 0 129 127 7 128 91 f3»pt s 130 11 130 7 Sept. 1 Aug. 31 Aug. 30 Aug. 29 Aug. 28Anir. 9(] 130 129 128 129 128 129 8* 7 Si 44 Si 4 19 125 0 Aug. 2 July 1 12-1 122 3 41

DOLLAR WEAKER LONDON, Sept. 22. Exchange on lars to £1. New York is 4.78 dolOpening rates lows: — were reported as folDollars to & Sept. 2.1 4.75 Sept. 20 4.S52 Sept. 19 Sept. IS 4.7SJ Sept. 10 4.694 Sept. 15 4.08 Sept. 14 4.60-2 Sept. 13 4.59 Sept. 12 4.5Si Sept. 11 4.52 Sept. 8 Sept, 0 .. .. .. 4.564 Sept. 5 .. .. 4.00 Aug. 31 4.534 Aug. 30 .. .. .. 4.554 Aug. 29 4.574 Aug. 28 4.58 Aug. 25 4.592 Aug. 24 4.544 Aug. 22 .... .. 4.494 Aug. 15 4.414 Aug. 9 4.50 Aug. o 4.50 July 2(5 4.0 r. July 25 4.084 July 20 4.73 ■ July 19 4.S22