Farming and Finance

Manawatu Times, Volume LIX, Issue 7460, 10 May 1934, Page 8

Farming and Finance

STOCK AND SHARE MARKETS WEDNESDAY, MAY 9, 1934. Wellington Stock Exchange. ■Morning C&ll. Buyers. Sellers. £ s. d. £ s. d.

* Cum. div. Sales this day, first call: Skippers (Is paid), Is; Colonial Sugar, £64 7s fid; .bank New South Wales*, £33 ss; Bank of New Zealand, D Shares, 34s 4d; 4 per cent, stock, 1940, £lO4 ,17s Gd; 1049. £lO4 10s; 1955, £lofi .15s. Sale (mid-dav call): Bank of New Zealand*, £o,lls 3d. UNOrriCIAL LIST.

cHsisTcmmcK sales. Per Press Association • CHRISTCHURCH, Last Night Sales on ’Change: Christchurch City, 4i p.c.j 1/10/55, £lO3 ss; Bank of New Zealand' (cum. div.), 4ls 6d; Goldsbrough, Mort., 33s 8d (3); New Zealand Refrigerating (10s paid), Sa Sd (2); Dunlop Rubber, ISs Dd, 18s 6d (2); Henry .Tones Co-op. (cum. div.), 32s (4); Brian Boru (Is paid), Is lOJd (3); Golden Point, 2fd; Goldfields Dredging, 5Jd (2); King Solomon, 4s 4}d; Hahakipawa, 9sd (2), lOd (3); Mahakipawa (pref.), Is 4i& (2); Nokomai, 2s 7d, 2s Sd, 2s lOd; Rawang Tin, 9s 31d (2); Skippers, Ltd. (Is paid), llld; Skippers (9d paid), 91d; Hatter’s Plat, sid' (2). Reported sales: Union Bank of Aust., £lO Os 6d; Gear Meat, 29?2d; Now Zealand Breweries, 42s 3d; Okarito, 6s 5d (2); Skippers, Ltd. (Is paid), Is (2), Hid,; New Zealand Refrigerating (10s paid), Ss 9d; Skippers (9d paid), 9£d;

Oxenbridge Sliotover, lOd; Nevis Diesel Electric, Bsd; Goldfields Dredging, 9d; King Solomon, 4s sd; New Zealand Kefrigerating (10s paid), 8s 9id; Mahakipawa, lOd. STEADY DEICES AT LONDON WOOL SALES. SOME WITHDKAWALS. LONDON, May; 8. Offerings at the London wool sales to-day wero 9921) bales, including 4193 bales New Zealand. About 5695 bales wero sold. There were larger and better selections with lair competition. Prices were steady, although withrawals wero rather frequent, especially of speculators’ lots. New Zealand wool sold included:— Scoured halfbred combing, “ Allendale, ” 32d per lb. highest, 26 1-8 average; halfbred lamb slipc, “Feilding over TBS,” 171 d highest and 14|d average. HIGH LIMITS IN LONDON. LONDON, May 7. Offerings at the May London series of wool sales to-day wero 6686 bales, including 2302 bales New Zealand. About 2720 bales were sold. Quieter market conditions prevail, with numerous withdrawals on sellers’ high limits. Those lines that were sold realised steady rates. Realisations included:—New Zca land, greasy merino, “Brancott, ” 19d highest, average; scoured merinos, “iiracmar,” 33d highest, 32-)d average. Bradford tops market quotations aro a shade easier owing to the extension, of the German embargo on wool imports. PRICE OP GOLD. LONDON, May S. The price of gold is 136 s lid per fine ounce.

PRICE OF SILVER. (Britis.h Official Wireless.) RUGBY, May 8. Price of silver: .Spot, 19 1-Sd per o forward, 19 9-16 d per oz. DOLLAR EXCHANGE. LONDON, May S. Sterling exchange, London on Now York, unchanged at 5.10 J dollars.

FOREIGN EXCHANGES. (British Official Wireless.) RUGBY. May S. Foreign exchanges, London rates, to sterling, arc as follows: —

FRENCH FRANC. LONDON. May 8. Sterling exchange on Paris, 77 S-16 francs to £l.

N.Z. Govt. Loans— 4 p.c. bonds, 1910 104 10 0 — 1 p.c. bonds, 1949 104 5 0 — 4 p.c. bonds, 195b 100 10 u — 3* p.c. ins. stk., 1939-45 .. .. 103 12 G — 31 p.c. ins. stk., 1939-52 .. .. 104 10 0 — 3J p.c. ins. stk., 1958-43 .. .. 103 12 G ■ — 3J p.c. ins. stk., 1938-52. ... .. 104 10 0 —■ 4 p.c. ins. stk., 1940 .. .. .. 104 12 G — 4 p.c. ins. stk., 1940 .... .. 104 10 0 — 4 p.c. ins. stk., 1949 .. .... 104 5 0 — Debentures— Makerua Drnge. Brd., 0 p.c., 1940 .... .. — 102 5 0 Booth, McDonald, 01 p.c., 1937 .. 00 0 0 — Amlu. Brick and Pipe, Wgln. .. — 91 0 0 Banns — Australasia .. .. — 12 12 G Comm, of Aust. (ord.) 0 16 11 0 17 0 Comm. Banking Co., Sydney .. 17 12 G IS O G Eng., Scot., and Aust 5 G 0 — Nat. of A'asia. (£5) ft 0 6 0 6 9 0 New Stk. IValcs'' 33 0 0 3o 10 0 New Zealaud* .. 2 10 G *) 12 0 New Zealand, JJ Long Term i 14 3 i 14 6 Union of Aust. .. 9 IS 0 10 1 G Financial — Goidsbr’gk, Mort. and Co. .. .. 1 13 8 1 13 11 N.Z. Guar. Corp. 0 4 11 0 4 4 Wgtn. Invest., T. and A 0 6 G — Wgn. Trust, Loan 4 17 6 5 10 0 Wright, Stephenson (pref.) .. 0 IS 0 — Gas — Gisborne .. .... 0 G 0 — - Wgtn. (ord.) — 1 17 10 Insurance — National of N.Z.* 0 10 9 1 0 0 New Zealand 3 0 0 — Queensland .... 3 s 0 — boutli British .. 3 13 0 — Standard 3 1 3 — Me.it— Gear Meat .. .. 1 s 3 1 9 0 N.Z. ltefrig. (£1) 0 17 11 — N.Z. Kef rig. (10s; U 8 G — .Southland .. .. 3 2 G — Woollen— lvaiapoi (fully

paid) — 0 10 3 Kaiapoi (cuntr.) 0 - G 11 O O Coal — Pukemiro .. .. 1 ‘1 3 1 U G Westport 0 13 U — Timber — Kauri — 0 17 G Leyland, O’Brien 1 1 G 1 2 O Breweries — Carlton 2 5 0 3 G G X.Z. Breweries .. i 1U — Staples and Co. . — 1 8 G Tooth and Co. ... 2 4 4 — Timaru (contrib.) — 0 G 0 Miscellaneous — British Tobacco (Aust.) .. .. — 1 17 7 Colonial Sugar .. Cl 0 0 04 12 G Dominion i crt. . — G 18 l D.LC. (ord.) .. 0 1-1 0 — D.I.C. (pref.) .. 1 1 1) — Dunlop - Perdriau 0 18 7 — Llectro. Zinc (8 per cent, part prei.) — 1 14 1 Banners' Co-op.

Auct 3 0 0 — N.Z. Drug .. .. 3 14 3 — N.Z. 1*' aimers’ Fertiliser .. .. 0 17 0 0 IS 0 N.Z. Newspapers l s 0 — Prestige. N.Z. (prcl.j 0 IS 4 0 19 4 Sharland and Co. (ord.)* 1 3 6 — AVgton. (Queen's Theatre .. .. — 1 0 9 Wilson's (N.Z.) Cement .. .• 1 7 — Dominion Rubber 1 4 3 — N.Z, Malay Hubber (prof.) — 1 1 0 Northern .Roller Mills .1 10 0 - — OilTaranaki 0 2 0 — Mining— Alexander (cont.) — 0 13 *> Big River .. .. 0 0 7 0 0 11 Consol. Goldfields — 1 0 0 Gillespie’s Beach — 0 u Golden Point 0 0 24 — King Solomon .. 0 4 3 0 4 G Mahakipav.n, 0 0 8 £ — Mt. Lye'll .. .. — .L •> b A okomai 0 i 0 2 G Ckarito 0 s O — AVaihi .. .. .. •• 1 14 6 — AVaihi Grd. .funct. — 0 b 0 Skippers (9d pd.) — 0 0 .10 Deep Lead .. .. 0 0 ■

Buyers. £ Wiora, X s. cl. X 0. d. Tru Colour Films. Vender Shares — 2 10 0 Tru Colour -Films, T2s paid .... i 5 0 Woohvorths, Ltd. (ord.) .. .. .. — 0 0 0

Per oz. s. d. Mav 7 ISO 2 1 May 5 .136 « May 4 lob 10 M av 3 136 0 May 2 136 t ° ti May 1 111 April 3 135 March 1 137 1 February 5 (official) 140 0 Febr’y. 2 (unofficial) 142 0 February 1 135 0 January 2 127 0

Dollars to £1. Ms,y / • • • • • • 5.112 Mny o • • • • • • 5.115May ; 4 5.12& 31 av 3 5.121 May .2 5.105 ATtHy .X • • • • • • . . .A. pi ll o • • • • •« 5.14$ March .1 .. 5.061 February 2 4.1)5 January 2 .... 5.17.V Novmbr. 10 (low rec.) S.oo The par value of the United States dollar with sterling is 4.S(i 2-3 dollars.

Paris, francs .. .. May 7. 77 7-32 Mar S. 77 9-32 Brussels, belgas .. 21.S2 21.831 Geneva, francs .. 1 5.72 J J 3.74 i .Amsterdam, florins 7.52} 7.001 Milan, lire .. .. (iO Berlin, marks .... 12.03* 3 2.9-4 A