Farming and Finance

Manawatu Times, Volume 59, Issue 213, 6 September 1934, Page 8

Farming and Finance

STOCK AND SHARE MARKET,

* Cum. div. First call this day.—Sales: Nokomai Gold, 0s .10d, ou ’Change; National Bank of Australasia (£10), £l2 ,12s; Bank of Australasia (£10), £.12 IBs; Bank of New South Wales, £O2. UNOFFICIAL LIST.

CHRISTCHURCH SALES. Per Press Association. CHRISTCHURCH, Last Night. Sales on ’Change: New Zealand Government, 4 per cent, inscribed, 1940, £I.OS; do., 4 per cent, inscribed, 1955, £llO Ids; do., 4 per cent, bonds, 1940, £IOB ss; English, Scottish and Australian Bank, £5 7s 9d; Bank of New South Wales, £32; Bank of New Zealand, 47s 3d (2); Reserve Bank of New Zealand, £6 9s (7), £6 8s Od; Dalgoty and Co., £9 2s Gd; Goldsbrough, Mort., 00s 8d; New Zealand Breweries, 47s (2); Tooth’s Brewery, 45s Gd; British Tobacco (cum. div.), 37s 2d; Broken Hill Proprietary, 49s 9d, 49s lOd; Dun-

lop Rubber (cum. div.), 20s sd, 20s 4d, 20s 3d, 20s 2d; Alexander Mines (13s Gd paid), 15s; Bell-Kilgour, 3d; Glenroy, Is 2d; Goldfields Dredging, Is Id (3); King Solomon (cum. div.), 4s 3d (2) : Mahakipawa, lltd; Mataki, 2s Gd, 2s 7M; Mount Lyel), 20s Gd (2), 20s 3d; Nokomai, 3s lOd; Moonlight Nelson Creek, 3:]d; Nevis Diesel Electric, 41d (2); Eawang Tin, 9s 2d; flossy Creek, Is 7d. Sales reported: New Zealand Government, 4 per cent, inscribed, 1940, £IOB 2s Gd; English, Scottish and Australian Bank, £5 7s 9d; National Bank oC Australasia (£lO paid), £l2 14s; Bank of New South Wales, £32; National Insurance, 20s 3d; Neve Zealand Browcries, 475; Bank of New Zealand, 47s Gd; Mataki, 2s sa; Mining House Concessions (Od paid), sd, 5Jd, sd; Mossy Creek, Is 71-d. Unlisted stocks. —Deported: Woolworths," Sydney (ord.), G9s Gd (2). On ’Change: Woolworths, Sydney (ord.), G9s 3d (4), 09s 9d. G9s 5d (4). BRITISH FINANCIAL RETURNS. (British Ofiicial Wireless.) Received Wednesday, 7 p.m. _ RUGBY, Sept. 4. The steadier tone which prevailed in lho foreign exchange market yesterday is attributed by the Press to the operation of the exchange equalisation account. The recovery of sterling continued this morning and gold of the approximate value of £BOO,UOO was disposed of at 140 s 101(1, a decrease of S)d, the price being based on supply and demand and including a premium of 2s over the dollar at 5.100* and 44d over the franc at 74 13-10.

The Exchequer returns show “all sterling" exclusive of self-balancing items. The total ordinary revenue received during the current financial year to September 1, amounts to £237,005,278. At the corresponding date in 1933 the amount was £241,045. The total ordinary expenditure to date is £287,228,208, which is 21 millions more than at September 2, 1933. The revenue collected in the past week totalled £8,588,8(55, of which £4,931,000 represented inland revenue and £3,020,000 Customs and excise revenue. Receipts from income tax to date at £47,339,000 exceed by over £7,000,000 the amount collected by September 2, 1933, but the revenue from estate duties is £3,000,000 lower, at £36,130,000. DOLLAR EASIER. LONDON, Sept. 4. Sterling exchange, London on New 7 York, 5.01 1-S dollars

The original par value of the United States dollar with sterling is 4.8 G 2-3 dollars, but since February 1, 1934, when the dollar was devalued, par value is 8.23 31-32. The Associated Banks of New Zealand conversion rates from September 3 are as follows: U.S.A. Canada. Conversion of dollar bills received for collection and sale of dollar drafts .. 4.St* 4.7!) Purchase of dollar bills 5.09 4.99 PRICE OF GOLD DECLINES. LONDON, Sept. 4. The price of gold is .140 s 10Jd per fine ounce.

EIG PRICES FOR FAT CATTLE,

HASTINGS, Sept,. 5

Sensational prices were recorded at to-day’s sale of fat cattle at Stort ford Lodge, when new levels wore set, up on bullock values. Two prime heavy animals made the excellent figure of £lO 10s and others up to £lO 2s.

WEDNESDAY, SEPTEMBER 5, 1934. Wellington Stock Exchange. Morning Call Buyers. Sellers. £ d. £ s. d. N.Z. Govt. Loans— 4 p.c. bonds, 1940 10S 0 0 — 4 p.c. bonds, 1940 107 10 O — 4 p.c. bonds, 1949 109 10 0 — 4 p.c. bonds, 1955 110 15 0 — 5 p.c. rural bonds, 1947 103 0 0 — 34 p.c. ins. stk., 1939-43 .. .. 109 0 0 — 34 p.c. ins. stk., 193S-52 .. .. — 109 7 c> 3i p.c. ins. stk., 1938-43 109 0 0 — 4 p.c. ins. stk., 1910 107 15 0 10S 5 0 4 p.c. ins. stk., 1940 107 10 0 — 4 ■ p.c. ins. stk., 1955 110 15 0 111 5 0 Debentures — Hauraki Plains, 5J p.c., 1944 .. — 102 10 0 Wgtn. City, 41 p.c., 1944 ,. .. 105 10 0 — Wgtn. City, 41 p.c., 1942 .. .. 103 10 0 — Wgtn. Gas Co. .. 10-4 10 0 107 10 0 Wright, Stephenson, 5 p.c. Prior Lien 9G 10 0 — Banks—■ Australasia* .... 11 12 G 11 15 0 Corain, of Aust. (ord.) .. .. .. 0 .15 10 0 1G 0 Comm, of Aust. (pref.) 9 13 0 — Comm. Bkng. Co., Sydney .. .. 17 8 G — Lug., Scot., and Aust 5 0 0 — National of N.Z. 3 12 3 — Nat. of A'asia. (£10) 12 9 0 — New South Wales 31 10 0 32 5 (1 New Zealand 2 7 0 2 7 G New Zealand, D Long Term 1 14 0 — Ecservo Bank of N.Z — G 9 0 Financial— Abraham & Williams (pref.) .. 4 S (i — Balgety and Co. 9 4 0 9 11 0 Goldsbr’gh, Mort. and Co •— 1 11 G N.Z. Guar. Corp. 0 4 7 U 4 8 N.Z. lnves., Mort. and Dcp 0 u 7 — N.Z. Loan and Merc., ord. stk. — 55 0 0 Wgtn. Invest, T. and A 0 S 9 0 11 0 Wgtn. Dep. and Mort 0 4 0 — Gas — Gisborne — 0 13 0 Wgtn. (ord.) — 2 0 3 Insurance— South British 4 2 9 — Meat— Gear Meat .. .. 1. 0 0 — N.Z. Rcfrig. (£1) 0 IS .10 — Southland (pref.) 3 11 0 — Transport— Union S t c a m (pref-) - 1 7 (1 —- Woollen— Kaiapoi (paid)* 0 .12 10 — Kaiapoi (coni.)" — 0 4 G Kaiapoi (pref.)'* .1. 0 S — Wgtn. (ord.) 5 8 0 5 .13' 0 Wgtn. (pref.) ".. 5 10 0 — Timber— Borland, O’Brien i 2 3 i 3 3 Taupo T o t a r a (ord.) — 0 7 G Rotoiti 0 3 — Breweries— N.Z. Breweries .. — 2 7 4 Staples and Co. .. — i i.i. 0 Tooth and Co. .. 2 5 0 2 G 0 Miscellaneous — British Tobacco (Aust.)*' .. .. i 17 o i 17 5 Consol. Brick and Pipe 0 10 0 0 11 0 Dunlop-Pcrdriau " 1 0 .1 • 1 0 4 N.Z. Newspapers 1 11 () — N.Z. Paper Mills 1 11. 3 — Prestige, New Zd. (Pref.) 1 o G 1 3 0 Skarland and Co. (ord.) 1 5 G Woolworths, N.Z. (ord.) 7 9 0 — Mining— Alexander (paid) — 0 19 3 Alexander (cont.) 0 14 11 — Bcll-Hoopcr .. .. 0 0 5 — Bcll-KiJgour .. .. — 0 0 Big River .. .. 0 0 7 0 1 0 Brian Bora .. .. 0 :i G Consol. Goldfields — 0 19 0 King Solomon ’ - 0 4 0 — Maliakipawa — 0 i. 1 -fil ount Lvell — .1. 0 O Nokomai 0 3 9 0 3 u Okarito . 0 8 0 — Wailii 1 12 9 — Wait ah u 0 4 0 0 4 G Bendigo Goldlight .. .o .. 0 0 9 —

Buyers. Sellers. £ S. cl. £ s. cl. Woohvorths, Ltd. (ovd.) M c 11 c r s, N.Z. 3 s 6 3 3 G Ltd 0 4 0 — National Tobacco Dominion Life 3 4 0 — Assce. (6s pd.) Wgn. Penn. Bldg., 0 O G “ “A” Shares .. — 10 1 0 Denhard Bakeries (pref.) Assoc. Motorists 0 IS 0 1 0 0 Petrol (pref.) . Wgtn. Publishing 0 IS 0 ■— (Jo 4 14 0 •— Maori Gully .... Kirkcaldie and 0 0 10 ■— Stains (pref.) — 0 IS G

Sept. 3 .... Dollars to £1 .. 4.98*2 feopfc. 1 . . .. . . 4.99 Aug. O-L .. .. 5.00 Aug. .1 .... .. 5.03 7-10 «l ulv £ .... .. 5.05J June 1 .. .. 5.0 7 J Ala y .1 .... ,. 5.13 April 5 .. 5.144 March 1 ... .. . . 5.004 l'ebr’y. 1! .. .. 4.95 Jan’ry £’ .. .. .. 5.174 Is'ov. 10 (low rcc.) • • t JtOo

Per. 02. s. d. Sept, c 141 7 Sept. 1 .141 5 Aug. 3.1 140 1.1-1 Aug. CO 130 5 Aug. 20 330 41 Aug. .1 338 3 J'ulv 2 137 7 .i. Judo .1 137 31 May 1 . , . , , * , , 335 3 3 J April 3 385 2 March 1 137 i February 5 (former record price) .. .. 3 30 0 February 5 (official) 340 0 February 1 335 G January 2 327 U