Farming and Finance

Manawatu Times, Volume LIX, Issue 7472, 24 May 1934, Page 8

Farming and Finance

STOCK AND SHARE MARKETS WEDNESDAY, MAY 23, 1931. Wellington Stock Exchange. Morning Call.

* Cum. div. Reported Rules, first call this day: 4 p.c. Govt, bonds (1940), £IOO .10s (on 'Cliange); 4 p.c.. stock (.1040), £100; 4 p.c. (1949), £IOO os, £IOO 10s (on •Change); 4 p.c. stock (.1935), £.108; Moonlight Nelson Creek, 7id. UNOFFICIAL LIST.

PRICE OF GOLD. LONDON, May l’H. The price of gold is /XL fid per line ounce. The price since and including May h to May Id has varied from 135 s lOd to IJ(1 s Hid.

TRICE OF SILVER. (British Oilicial Wireless.) RUGBY, May 22. •Silver, spot, 19 0-16 d per oz.; forward, 19 5-8 d per oz. WOOL POSITION. THE GERMAN MARKET. LONDON, May 22. Wool circles here share the Australian view that the setback in tho price of wool has gono too far. The general opinion prevailing is that tho depression in the market will bo transient and the outlook may bo considerably brighter towards the end of the month. News from Germany, however, is dis-

quieting. It is proposed to levy a tax on German users of foreign wool in order to pay higher fixed prices to German producers with a view to encouraging them to increase productino. Consumers have now received permission during a period of si»x months to purchase the quantities needed; but there is no guarantee that the Hciehs Bank will be able to supply the necessary foreign exchange. DOLLAR AND STERLING. LONDON, May 22. Sterling exchange, London on New York, 5.11 dollars. From May 3 to May IS the dollar has ranged from 5.10(1 to 5.12 7-8. Dollars to £l. May 2 5.10* May J 5.13 £ April 3 5.14 i March 1 5.06} February 2 4.95 January 2 .. .. 5.17} Novmbr. 16 (low rcc.) 5.53 The par value of the United States dollar with sterling is 4.86 2-3 dollars. FRANC AND STERLING. LONDON, May 22. Sterling exchange on Paris is unchanged at 77 1-S francs to £l. The par value of the French franc with sterling is 124.21 francs to £l,

Buyers. Sellers. £ S. d. £ s. d N.Z. Govt. Loans— 4 p.c. bonds, 1910 — 100 0 0 ■1 p.c. bonds, 194G 105 15 0 100 15 u -4 p.c. bonds, 10-lb 100 5 0 — 4 p.c. bonds, 1955 103 2 0 — 5 p.c. bonds (Kural), 1017 . 103 0 0 —' 34 ji.e. ms. stk., 1030-10 .. .. 101 0 0 — 34 p.c. ins. stk., 1030-51 .. .. 101 10 0 .— 3i p.c. ins. stk., 1038-13 .. 101 5 0 — 31 p.c. ins. stk., lDuO'i)- • • • • 105 0 0 — 1 p.c. ins. stk., 1010 105 3 0 ICG 0 0 1 p.c. ins. stk., 1040 105 15 0 100 10 0 1 p.c. ins. stk., 1010 100 2 G — -1 p.c. ins. stk., 1055 103 3 0 10S 10 0 3i p.c. ins. stk., 1011 100 10 0 — Debentures— Dunedin Citq ... 102 0 0 — Wgtn. City, 1J p.c., 1/2/ 1053 . 102 u 0 101 10 0 Alakerua Drnge. Dd., 0 p.c., 10-10 — 102 5 0 Wgtn. Gas Co. .. 102 3 0 — Wgtn. liucg. Club 100 0 0 — Anial. Erick and Pipe, Wgtn. . . — 00 0 0 Bamcs — Australasia .. .. 11 15 0 — Comm. Banking Co., Sydney .. 10 17 0 — National of N.Z. — 1 3 0 Now .Str. Wales’32 0 0 32 10 u Now Zealand 2 10 (i 2 11 0 Union of Aust. . . 0 10 0 10 2 0 Financial— Goldsbr 'gli, Moi t. and Co .1 11 0 1 12 0 N.Z. Guar. Corp. 0 •1 3 0 1 4 N.Z. Inves., Mort. and Deposit .. 0 3 0 — AVgtn. Invest., T. and A 0 7 1 Wgtn. Trust Loan 5 3 0 — Gas— Auckland .. .. 1 3 0 ■— Wgtn. (ord.) 1 IS G — Insurance— National of N.Z. 1 0 3 — New Zealand .. 3 2 G •— Queensland .. .. — 3 10 0 South British 3 10 0 — Standard 3 2 G — Meat— Gear -Meat .. .. — 1 8 G N.Z. Kef rig. (£1) 0 IS 2 U 10 0 Transport— Union Steam ipref.) .1 G 0 — W ooilen— Kaiapoi (fully paid) — 0 10 3 Wgtn. (pref.) .. 3 3 0 — Coal— Westport - Slockton (ord.) .. .. 0 2 2 — Timber — Kauri 0 10 0 — Breweries — N.Z. Breweries* . 2 2 0 2 2 G Timaru (coutrib.) 0 0 2 — Miscellaneous — British Tobacco (Aust.) .. .. .1 17 1 i IS 0 Colonial Sugar .. Co 0 0 — Dental and iWedia 1 Supply .. .. 0 0 0 — JD.l.C. (ord.) .. 0 15 0 ■— N.Z. Drug .. .. — 3 10 0 N.Z. Farm. Fort. 0 IS G — N.Z. Newspapers .1. 0 G — l'rcstige, New Zd. (prci'-i — i 1 G Sharland and Co. (ord.) 1 3 0 — Sharland and Co. (pref.) 1 3 0 — Wgton. Queen's Theatre .. .. — i 0 0 Yt'ilson's (N.Z.) Cement* .. .. 1 S 3 i s 0 Woolworths, N.Z. (ord.) 3 10 0 — Mining— Bell-Hooper ., .. — 0 1 0 Bcll-Ivilgour .... 0 0 3 — Big Kiver .. .. u 0 7 0 0 10 King Solomon .. 0 10 0 4 4 Mataki .. . • • • — 0 2 4 Nokomai — 0 3 1 Ckarito — 0 S 0 Waihi 1 13 9 1 14 0 Wami Grd. June.* — u 4 1.1

Buyers. Sellers. £ s. d. £ s. d. Woulnorlb.s Ltd. (ord.) — r> i o 0 Vacuum 1’roducts (us paid) .. .. 0 •1 G — Jones Nevis (ftd paid) — 0 0 10 Phienzol. Ltd. 0 35 0 — N.Z. Textiles Woolsacks 1 0 0 Proecra JJread .. — U .17 0 —-

May 1 Per oz. s. d. 123 111 April 1! 133 O March 1 137 1 February f> (official) 110 0 Febr'y. 2 (unoflicial) 112 0 February 1 1*jO (1 January - 127 0