Faming and Finance

Manawatu Times, Volume 59, Issue 181, 31 July 1934, Page 8

Faming and Finance

STOCK AND SHARE MARKET.

MONDAY, JULY SO, 1934.

UNOFFICIAL LIST. Buyers. Sellers. £ s. d. £ s. d, Woolworlhs, Ltd. (ord.) 32G 350 Kcmbail’s Theatre (pref.) 0 16 0 Kemball’s Thrc., 6 p.c. Deben. .. National Tobacco 3 3 0 3 5 0 Mettcrs (N.Z.), Ltd 0 4 6 N.Z. Textiles Woolpaclts (£4 paid) 0 17 6 W. B. Woods, Ltd 0 14 0 Fluenzol, Ltd. .. 0 12 6 CHRISTCHURCH SALES. Per Press Association. CHRISTCHURCH, Last Night. Sales on 'Change: Comm. Bank of Aust. (cum. div.), 15s sd; E.S., and A. Bank, £5 Is (2); Bank of New Zealand, 45s 9d; ltcserve Bank of New Zealand, £6 5s (3); Australian Provincial Assurance, 10s 2d (2); Goldsbrough, Mo'rt., 29s Od, 29s Gd; New Zealand Guarantee Corporation, 4s sd; Christchurch Gas (10s paid, cum. div.;, 15s 3d; New Zealand Breweries, 43s 6d (4); Henry Joues Co-op., 31s; Woolworths (Sydney), 2nd pref., 27s 6d; Bcll-Ivilgour, IJd; Brian Born, Is 6d; Gillespie’s Beach, Is lOd; Golden Point, 2d; Kildare, 2s 2d; Mahakipawa, lOd (2); Nokomai, 3s s§d (2); Rawang Tin, 9s 2d (3); Mossy Creek, ,1s Ojd. Sales imported: New Zealand Government, 4 fyer cent, inscribed, 1946, £lO7 ss; Christchurch City Council, 5) per cent., 14/4/55, £107; L.S., and A. Bank, £5 Is; Reserve Bank, £6 5s Gd; New Zealand Insurance, G2s; Worksop Extended, Is 104 d. Unlisted stocks on 'Change: Wool;

worths (Sydney), ord., G-ls, 64s Gd, 64s 9d (2). Reported: Woolwortlis (Sydney), ord., C3s 9d. MANGAWEKA STOCK SALE. Dalgety and Co., Ltd., report on their Mangaweka sale held on Thursday, 26th inst. There was a small entry of sheep and on!}- odd lots being offered, which sold at recent rates. Quito a fair yarding of cattle was submitted, and met fair competition. A small entry of dairy cows were submitted, which were neglected. Prices were:—Fat ewes, 21s, 22s Cd; store empty ewes, 10s to 12s; hoggets, 12s to 15s 3d; 4-yr. P.A. bullocks, £4 10s to £4 17s; fat cows, dairy sorts, £2 10s; P.A. fat cows, £4 2s 6d; P.A. heifers, £5.

FROZEN MEAT. MUTTON MARKET FIRM. Prices are practically unchanged in the London frozen lamb market. Consumption continues to be affected by hot weather, but is showing' signs of slight improvement. In the mutton market wethers are firm with short spot stocks, and ewes are firm with fair demand. Trade is slow in the beef market. New Zealand porker pigs are quiet, with fair trade for the time of the year, and the market for baconers is steady and unchanged. According to the weekly report received by cable by the New Zealand Meat Board dated July 27, relating to business done in the Smithfield market" and London stores, the following are the approximate average prices for the week, with those for the previous;week in parentheses:— New Zealand sheep: Canterbury and North Island selected crossbred wethers and maiden ewes, 48-56, s}d per lb. (s}d); 57-64, s}d (old); 65-72, 5 1-Sd (sd); North Island, 4S-SG, s}d (s}d); 57-64, sj d (s}d); 65-72, 5 1-Sd (sd); ewes, 48-under, 4!d (41d); 48-64, old (3|d); 65-72, 3 5-Sd (3}d). New Zealand lambs: Canterbury, 36-under, 7-1 d (7id); 37-42, 6 7-Sd (6 7-Sd); 43-50, Old (6 5-Sd); second quality, average 32, 7d (7d); other South Island brands, 36under, 7 l-8d (7 1-Sd); 37-42, 6 7-Sd (6 7-Sd); 43-50, Old (Old). Including Downs; Selected North Islands, 36under, 7 3-8 d(7 3-Sd); 37-42, 6 7-8 d(6 7-Sd); 43-50, Old (6 5-Sd); second quality, average 32, 7d (7d); other North Isalnd brands, first quality, 36-under, 7d (7d); 37-42, C2d (Old); second quality, average 32, 0 7-Sd (6 7-Sd). Australian lambs: Victorian, first quality, 36-uudcr, 6£d (G 7-Sd); 37-42, Old (6 3-8 d). Argentine lambs: 36-under, 7d (7 1-Sd); 37-42, 6}d (Old). New Zeaalnd beef: Ox fores, 2d (2d); hinds, 3d (3d). Argentine chilled beef, ox fores, 2 5-Sd (2 5-Sd); hinds, 5 5-Sd (4 7-Sd). Australian frozen beef, ox crops, over 100, 2}d (2}d); hinds, over 160, 3 l-8d (3 1-Sd). New Zealand primo porker pigs, 60-SO, 5Jd (sfd); SI-100, s}d (5Id); 101-120, 5Jd (5 1-Sd). New Zealand baconer pigs, 120-160, 51 d (51d).

PRICE OF SILVER. (British Official Wireless.) RUGBY, July 26. Silver, spot, 20 l-16d per oz.; forward, 20 3-16 d per oz. PRICE OF GOLD. LONDON, July 2S. The price of gold is unchanged at 138 s Old per fine ounce. The price of gold between July 2 and July 23 has ranged from 137 s 5d to 13Ss Old. Per. oz. s. d. July 26 138 0 July 25 137 Hi July 24 .. 137 11 July 2 137 5 June 1 ........ 137 14 May 1 !35 11* April 3 ......... 13u March 1 137 1 February 5 (official) 140 0 February 1 135 6 January 2 1-7 0 DOLLAR AND STERLING. LONDON, July 28. Sterling exchange, London, on. New York, 5.03 11-16 dollars. Tho dollar rate between July 2 and July 23 has varied from 5.03 5-S to 5.061. Dollars to £l. July 27 .. 5-03& July 26 5.04 July 25 5.041 July 2 5.04-} June 1 5.07} May 1 5.13| April 3 ........ 5.14} March 1 S.UO} February 2 4.95 January 2 ...... 5.17} Novmbr. 16 (low rec.) 5.53 The original par value of the United States dollar with sterling Is 4.SG 2-3 dollars, but sinco February 1, 1934, when tho dollar was devalued, par valuo is 5.23 31.32.

Wellington Stock Exchange. Morning Call. .Buyers. Sellers. N.Z. Govt. Loans- - a s. d. £ s. cL 4 p.c. bonds, 1940 105 U 6 — 4 j).e. bonds, 1940 106 15 0 — 4 p.c. bonds, 1949 106 10 0 — 4 p.c. bonds, 1955 5 p.c. rural bonds, 107 0 0 1947 103 15 0 ' 3J p.c. ins. stk,, 1939-52 .. .. 106 15 0 — 34 p.c. ins. stlc., '1938-52 .. .. 4 p.c. ins. stk., 107 0 0 — 1940 105 2 6 — 4 p.c. ins. stk., 104(5 106 17 6 4 p.c. ins. stk., 1949 106 17 6 — 4 p.c. ins. stk., 1955 32 p.c. ins. stk., 107 0 0 — 1941 Debentures— Hauraki Plains, 102 0 0 54 p.c., 1944 .. Makorua Drngc. — 102 5 0 Bd., 0 p.c., 1946 — 101 10 0 Wgtn. Gas Co. .. Wriglrt, Stephen104 0 0 ‘ sou, 5 p.c. Prior 94 0 Amid. Brick and Pipe, Wgtn. .. — 103 0 0 Banks— Australasia .. .. Comm, of Aust. 11 2 6 11 10 6 0 15 4 0 15 7 Eng., Scot., and 5 0 0 .Nat. of A’asia. (£10) 12 2 0 — New Zealand New Zealand, I) 2 5 6 “ Long Term Rcservo Bank of i 13 6 1 14 6 N.Z 6 4 6 6 5 9 Union of Aust.* . Financial— — 9 09 0 Abraham & Wil- ' liams (pref.) .. DaJgety and Co. 4 4 0 9 15 0 Equxt. Bldg. Co. Goidsbr ; gh, Mort. O 6 0 . and Co Nation. Mortgage — 1 9 9 “B” 1 12 0 N.Z. Guar. Corp. N.Z. In vs t., Mort. — 0 4 7 and Dep 0 0 3 — N.Z. Loan and Merc., ord. stk. Wgtn. Invest., T. 51 10 0 57 0 0 and A. .. .. Wgtn. Dep. and 0 8 0 ' 0 2 0 . General Finance Gas — — 0 19 0 Wgtn. (ord.)* .. — 2 1 3 Insurance — Queensland .. .. 3 s 0 3 11 0 South British .. 4 0 9 — Meat— Gear Meat .. .. Transport— Huddart - Parker — 1 6 0

(prcf.) Union Steam — .1 10 0 (prcf.) ..... .. — 1 s 0 Woollen— ICaiapoi (ord.) .. 0 11 0 — Timber— Kauri 0 17 9 0 19 0 Leyland, O'Brien — 1 3 3

National .. .. .. 0 7 3 — Taupo To tar a. .. Breweries — 0 •1 11 — N.Z. Breweries .. 2 o 0 Staples and Co. .. 1 SO — Timaru (contrib.) Miscellaneous — British Tobacco 0 0 3 — (Aust.) .. .. Dental anu Mcdi1 17 0

cal Supply .. 0 7 0 0 9 6 Dominion Fertiliscr .. 0 17 6 0 19 0 Farmers’ Co-op.

Auct v (contrib.) Henry Jones 0 17 0 11 0 Co-op Skurland and Co. ~ i (ord.) SharJand and Co. 1 4 6 _ (prcf.) Wgton. Queen's 1 4 0 0 9 Theatre .. .. — i Oil— Taranaki 0 .1 7 0 2 0 Mining— Bell-Hooper .. .. 0 0 5 — Bell-Kilgour .. .. 0 0 4i 0 — 8 Brian Boru .... — 1 Central Shotorcr — 0 0 11

Gillespie’s Bcaeli — 0 1 Hi Golden Dawn .. * 0 2 2

Mahakipawa — 0 1 0 Mount Lyell — 1 0 Nokomai .. .. .. 0 3 5 0 3 0

Okarito .. .. .. OS 0 0 8 5 Skippers .... 0 0 n — WaikL 1 12 6 Bulolo .. .. 8 0 (i Mount Morgan. — 1 5 Glcnroy Gold Cum. div. 0 i G