Farming and Finance

Manawatu Times, Volume 59, Issue 214, 7 September 1934, Page 8

Farming and Finance

CHRISTCHURCH SALES. Per Press Association. CHRISTCHURCH, Last 2ught. Sales on 'Change: English, Scottish and Australian Hank, £5 7s; National Hank of Australasia (£lO paid), £l2 14s (-); National Insurance, 2Us 3d, 20s 2d, 20s Id; Stockton Coal (ord.), 3s 3d; New Zealand Breweries, 47s Id, »17s, 47s -Id; British Tobacco (cum. div.), 37s 3d (2j; Broken Hill Proprietary, 40s Cd, 40s Od, 49s 5d (5), 49s 4d (2), 49s 5d (2), 49s Cd (2); United Provisions, 9s 7d; Sun Newspapers, 4s; Aotearoa, 9d; Golden Point, 2Jd; Goldfields Dredging, Is 0)d (2), Is (2); Alahaldpawa, llld (2); Alahakipawa (1930 issue, pref.), Is 3£d; Alining House Concessions (9d paid), 5d (2); Alount Lycil, 20s 4d, 20s 3d (2); Nevis Diesel Electric, AVaihi Grand .Junction, 4s 44c1: Waihi, 33s 3d; flossy Creek, Is 7id (2). Hales reported: Dunlop Rubber (cum. div.), 20s 4d (2), 20s 2d; Australian Glass, 53s Cd; JNational Insurance, 20s 4d (3); Bank of New South IVales, £3l 17s Cd. Unlisted stocks, on 'Change: Maori Gully (Oil paid), 10^d. DOLLAR AND STERLING.

j (British Official Wireless.) KUGB V. Kept. 5. The further recovery of sterling in terms of foreign currencies continues. At the close of business last night the sterling rate on New York was 5.011; the recovery has led to a further fall of 4d in price of gold to 140 s Old. .The price included a premium of 2s over the dollar which at the time of to-day's gold prico fixing was 5.02; and 4id over the franc which was then quoted at 75. Later the New York rate moved to 5.02 7-S, and Paris to 75 1-IG. Business on Ihc Stock .Exchange continues restricted. A feature of to-day's markets was the further advance in the prico of 3) per cent. British War Loan, which moved to a now high level of £lO5. SYDNEY WOOL SALES. JAPAN LEADS THE MARKET. SYDNEY, Sept. 5. At the wool sales to-day SSSG bales were offered, of which 0G47 were sold at auction, also 5557 bales were sold privately. The market was unchanged from the previous day. The Japanese again were the principal operators, with good support from Yorkshire and local users, and occasionally from the Continent. Greasy merino sold to IGpl for seven bales from Copmanhurst, New England.

STOCK AND SHARE MARKET. THURSDAY, SEPTEMBER 6, 1934. t Wellington Stock Exchange. 1 Morning Call. Buyers. Sellers. £ e. d. N,Z. Govt. Loans— £ s. d. 4 p.c. bonds, .1940 107 15 0 — 4 p.c. bonds, 194(3 107 10 0 5 p.c. rural bonds, — 1947 103 10 0 34 p.c. ins. stlc., — 1939-52 .. ..109 0 0 3i p.c. ins. stk., 109 10 0 193S-43 109 0 0 34 p.c. ins. stlc., — 1938-52 .. ..109 0 0 4 p.c. ins. stlc., — 1940 107 17 0 4 p.c. ins. stlc., I0S 5 0 1940 107 10 0 -4 p.c. ins. stk., 10S 0 0 1949 .. .... 109 0 0 Debentures— Hauraki Plains, ’ 5} p.c., 1944 .. — Wgtn. City, 4£ 102 10 0 'p.c., 1944 .... 105 10 0 Wright, Stephenson, 5 p.c. Prior Lien 97 0 0 Banks— — Australasia" .... 11 14 0 Comm, oi' Aust. 11 3.5 0 (ord.) 0 15 10 Comm, of Aust. 0 10 0 (pref.) 9 13 0 . National of N.Z. 3 11 9 Nat. of A’asia. — (£10) 12 10 0 Nat. of A’asia. — (£5) 0 5 0 0 7 0 New South Wales — 32 n 0 New Zealand . . New Zealand, 1) 2 7 6 Long Term .. 1 14 0 Loservo Bank of — N.Z 6 8 9 Pinancial— Coldsbr’gh, Mort. 0 9 0 and Go .1 31 0 N.Z. Guar. Corp. 0 4 0 Wgtn. Dcp. and — Mort 0 4 0 Gas— — Gisborne ...... 0 11 9 Insurance— 0 13 0 New Zealand .. 3 3 u Meat— — Gear Meat. .... 10 0 N.Z. lief rig. (£1) 0 19 0 10 0 Southland (pref.) 3 11 0 Transport— Union Steam " (pref.) 1 0 9 Keiburn Tramway 1 5 0 Woollen— — Kaiapoi (paid)* 0 13 0 0 13 0 Kaiapoi (cont.)* — 0 4 0 Kaiapoi (.pref.) * 1 0 S \4 gtn. (pref.) .. 5 10 U Coal— — Westport. — Timber— 0 19 0 Leyland, O’Brien — 1 3 3 Eotoiti 0 2 3 Breweries— — Tooth and Co. ,. 2 5 3 Miscellaneous— British Tobacco 2 0 0 (Aust.)* .... 1 17 2 Consol. Brick and 117 4 Pipe 0 10 3 Dental and Mcdi0 10 9 cal Supply .. 0 7 3 Dominion Pert. . 0 19 10 1 0 3 Dunlop-Perdriau * — 10 0 N.Z. Newspapers 1 11 0 N.Z. Paper “fills 1 11 o Prestige, New Zd. (pref.) 12 0 Sharland and Co. 1 3 0 (ord.) 1 3 o Mining— ~ Big Liver .... 0 0 S 0 10 Brian Born .... 0 1 2 V — Maliakipawa .. — 0 1 0 Mount Lvell .. •— 1 0 0 Nokomai 0 3 11 Okarito 0 S 2 Waihi 1 13 1 * Cum. div. “ Sales, first call, this day: Bank of Australasia, £11 15s 3d reported; Now Zealand Guarantee Corporation, 4s Sd i (2), on ’Change. n 9 UNOFFICIAL LIST. Buyers. Sellers. ; £ s. d. Woolwortks, Ltd. £ s. d. (ord.) 3 S 0 Hotter s, N.Z. 1 Ltd. ...... 0 4 9 __ t National Tobacco 3 4 0 Denhard Bakeries 3 5 6 f (pref.) ...... 038 0 Assoc. Motorists 10 0 3 0 Petrol (pref.) . 0 IS 0 C, and A. Odlin, Ltd. (pref.) .. — 12 0;

LOXDOX Sept. o. Sterling exchange, London on New York, 5.02 3-S dollars. Dollars to £1. Sept. 4 5.014 Sept, o ........ 4.98 J Sept. .1 4.99 Aug. 3.1. 5.00 Aug. 1 * * ,, • * •« 5.03 7-Jfi •July Ct * • * • « « ■ 4 5.054 .Tune 1 5.07J May 1 a.lSjj April 3 .. 5.14 A March J 5.06 V I'cbr’y. 2 4.95 .Tan ’ry 2 5.17.V Xov. J6 (low ree.) .. 5.5.“» The original par value of the 1J 111 t Ci 1 States dollar with sterling is J. S(i 2-.'!

dollars, but since February 1, 1004, when the dollar was devalued, par value is 8.23 31-32. PRICE OF GOLD SLIGHTLY EASIER. LONDON, Sept. 5. The price of gold is 140s Old per line ounce. Per. 02. S. (i. Sept. 4 140 104 Sept. 3 141 7 Sept. 1 141 5 Aug. ill 140 111 Aug. 30 139 5 Aug. 29 139 44 Aug. .1 13S 1 July 2 137 74 June J L37 14 Alav 1 135 m April 3 135 2 Mureh 1 137 1 February 5 (former record price) .. .. 14:0 0 February 5 (official) 140 0 February 1 135 <i January 2 127 0.