Farming and Finance STOCK AND SHARE MARKET

Manawatu Times, Volume 59, Issue 220, 20 September 1934, Page 8

Farming and Finance

STOCK AND SHARE MARKET

WEDNESDAY, SEPTEMBER 19, 1931

Wellington Stock Exchange. Morning Call. Buyers. Sellers £ r, d, £ s. d.

First call this day: Sale on ‘Change: Commercial Bank, 17s. Bales reported: 4 per cent. Government stock (194 U), £IOS 5s (2); 4 per cent. Government stock (1910), £IOS 7s Gd.

CHRISTCHURCH SALES.

Per Press Association. CHRISTCHURCH, Last Night. Sales on 'Change: Comm. Bank of Aust., 10s lOd; Bank of New South Wales, £32 10s; Deserve Bank of New Zealand, £0 Os fid; Dalgoty and Co., £3 5s Gd; Goldsbrough, Mort., 30s Id (2), ,29s lid; New Zealand Guarantee Corporation (cum. div.), 5s 4d (3), 5s 2d, 5s Id; New Zealand Breweries, 47s 2d; Timaru Brewery (7s 6d paid, cum. div.), 7s 4d; Tooth’s Brewery, 46s lOd (6); Anthony Hordern, 14s 9d (2); British Tobacco (cum. div.), 3Ss lOd; Dun-lop-Perdriau Rubber (cum. div.), 20s Id, 20s; Kauri Timber, 20s; Sun Newspapers, 3 3 lid; Bell-Kilgour, 2GI (2); Brian Boru, Is 4d; Gillespie’s Bcacii, Is lOd; Golden Point, 2gd (2); Goldfields Dredging, lid; King Solomon, os lOd; Moonlight Nelson Creek, 2d; Mount Lyell, 20s fid (3), 20s, 20s Id, 20s 2d. 20s id; Nevis Diesel Electric, .5.1 d (2). ' Sales reported: Wc.stpprt-Stoekton

Coal, GJ per cent., 1938, £93; Bank of New Zealand, 4Ss; Goldsbrough, Movt., 30s Id; New Zealand Guarantee Corporation (cum. div.), 5s Oil; Permanent Investment, £9 7s Gd; New Zealand Breweries, 475; Kauri Timber, 20s; Mount Lyell, 20s 3d. Unlisted stocks on 'Change: Woolworths, Sydney (ord.), 77s Gd.

PRICE OF GOLD,

LONDON, Sept. 18. The price of gold is 140 s Gd per line ounce.

LONDON LOAN MARKET.

(British Official M irelcss.) RUGBY, Sept. 17,

The Plymouth City Council approved the creation of £1,000,000 corporation 3 per cent, redeemable stock, 1954, lor the purpose of repaying short-time mortgages due in 1935. The issue vviil bo offered on Thursday.

Owing to the heavy over-subscript ion the cash lists for the Nigerian Government 3 per cent, loan at 971 remained open only one hour this morning.

DOLLAR AND STEELING,

LONDON, Sept. IS. Sterling exchange, London on New York, 5.00 11-10 dollars.

PRICES DISHEARTENING,

MELBOURNE WOOL BALES OPEN,

MELBOURNE, Sept. 19

The wool-selling season for Victoria began to-day with 5500 bales offered. Prices were disheartening, the market being 25 per cent, lower, than the first Mcloourne sales of last year, but values suffered no decline on the rates realised in .Sydney. FROZEN MEAT. MORE BEEF, LESS MUTTON. An increase of about 30 per cent, over last year is revealed in the figures for the amount of beef exported from the Dominion during the period or eleven months from October 1,193 a, to the end of last month. Of the beef exported this season 18,528 quarters were chilled, and all the chilled beef was shipped to London. The amount of beef exported to Canada was 114ounrters, a slight, increase over last year, while 004 quarters were sent to Kobe, Japan. The amount of mutton exported dropped from 1,953,239 carcasses to 1,022,990, and lamb from 5,097,201 to 5,374,955, but pork showed a decided increase —from 255,585 to 424,470. According to the New Zealand .Tea o Producers’ Board shipments during the period, with the figures for last year, were:—

THE LONDON SALES,

LONDON, Sept. IS. Tho total catalogue offered at the September scries of wool sales to-day was 11,616 bales, including 2520 bales Nov/ Zealand,. About 5165 bales were sold. A fair selection of wools was submitted and there was a large attendance, but German buyers were absent. Good general competition was experienced, the bulk was sold. Compared with July closing rate?,

N.Z. Govt. Loans— 4 p.c. bonds, 15/1/1940 .... 4 p.c. bonds, 10S 0 0 — 15/2/1940 .... 10S 0 0 — 4 p.c. bon ds, 15/4/1949 .... 4 p.c. bond s, 110 0 0 — 15/0/1955 .. .. 3-i p.c. ins. stk., 111 0 0 15/3/1939-43 .. 108 5 0 — 3J p.c. ins. stk., ‘15/3/1938-43 .. 10S 5 0 — 3A p.c. ins. stk., 15/5/1938-52 .. 4 p.c. ins. stk., 109 15 0 - 15/1/1940 .. .. 4 p.c. ins. stk, 108 5 0 10S 10 0 15/2/1940 .. .. 108 0 0 — 4 p.c. ins. stk., 15/4/1949 .. .. 4 p.c. ins. stk,, 110 0 0 — 15/0/1955 .. .. 111 7 0 — Local Bodies DebenturesHauraki Blaine, 5} p.c., 1944 .. Wgtn. Oitv, 4J — 102 0 0 p.c.. 1944 .. .. 105 15 0 '— Other Debentures— Gisborne Sheepfarmers .. .. .Wright, Stephenson, 5 p.c. p.s. . 07 0 0 101 10 0 — Amalg’td. Brick, Auckland Amalg’td. Brick, 101 0 0 — Wellington 104 0 0 — Banks — Australasia* .... Comm, of Aust. 11 12 0 - (ord.) 0 10 11 0 17 0 National of N.Z. Nat. of A’asia. 3 14 0 3 17 0 (£5) 0 10 0 0 12 0 New .South IV ales 32 7 0 33 5 •J New Zealand .. Keservo Bank of 2 7 10 0 8 5 N.Z — 0 9 6 Union of Aust. . Financial— 0 13 0 9 10 0 Equit. Bldg . Co. Goidsbr’gh, Mort. 3 0 0 *

and Co 1 9 10 1 10 2 N.jf. Guar. Corp.* Wgtu. l>ep. and 0 5 3 0 5 5 JMort 0 4 0 — G-as — Gisborne 0 12 G Insurance— National of N.Z. .1 0 0 New Zealand O (5 0 — South British 4 7 G •— Meat — Gear Meat .. .. 1 s 0 N.Z. Kefrig. •(£]) 0 19 3 — N.Z. Kefrig. (10s; 0 9 .1 0 9 U South Otago Transport — Huddart - Barker G G (ord.) .1 13 0 — Woollen — ivaiapoi (paid) . 0 .12 9 Kaiapoi (eontr.) — 0 4 l

Wgtu. (ord.)' .. Coal— Westport 0 IS 0 5 10 0 Timber — Kauri 0 10 O Lcyland, O'Brien 1 2 0 .15 5 Breweries — Carlton 2 G 0

N.Z. Breweries .. —. 2 7 7 Staples ami Co. . 1 0 0 1 10 3 Tooth and Co. .. 2 0 0 - 7 0 Miscellaneous — British Tobacco (Aust.)* .. .. i IS 0 — Dominion Fertiliser — 1 0 ti Dominion Investnients i .11 0 ■— Dunlop-Perdriau * — 1 0 U Electro. Zinc (8 p.c. part pref.) ,i 15 ;; 1 15 !) N.Z. Paper Mills i 12 0 — Sharland and Co. (ord.) i U G -7Sharland and Co. (pref.) i 5 G — Wilson’s (N.Z.) Cement .. .. i 10 0 — Woolworths, N.Z. (ord.) 7 10 0 7 17 G Farmers’ Trading 0 0 3 * Bycrofts 2 12 0 — Broken Hill Bpty. 12 G — Mining— Bell-Hooper .... — 0 0 G Bell-Ivilgoitr .... 0 0 2 * Big llivcr .. .. — 0 1 Si Brian Bom .... — 0 1 41 Mahakipaiva 0 0 10 0 0 111 Mataki (1 0 — Nokomai — 0 4 3 Okarito 0 s 2 Mossy Creek 0 1 G — Cum. Cl IN'.

UNOFFICIAL LIST. Buyers. k £ s. d. £ Wbolivortlis, Ltd. tellers, a. d. (ord.) Metier s, N.Z. Ltd Kembitll's Debcn0 T 0 10 0 lures National Tobacco 3 5 0 100 0 0 Kilbirnic Th’trcs. AVgu. Ferin. Bldg. 0 13 u 0 13 0 Society — 10 0 0 N.Z. Mines, Ltd. AVgtn. Mortgages, 10 10 U Ltd •— 0 13 0

Per. oz. s. d. Sept. .17 .. 140 57 Sept. 15 140 5 Sept. 14 140 (i'i Sept. 12 140 0} Sept. 11 140 oi Sept. 10 .. . 140 Hi Sept. S 140 9 Sept. 7 140 9) Sept. 0 140 8 Sept. 5 140 Sept. 4 140 lot Sept. 5 (record) 141 7 Sept. 1 141 5 Aug. 51 140 Hi Aug. 50 139 f> Aug. 20 139 41 Aug. 1 13S 1 July 2 137 7i June 1 157 Ji May 1 February 5 (former 135 Hi ■ record) 140 0 February J 135 0 January 2 127 0

Dollars to £1. Sept. 17 .. . 5.0013-1(3 Sept. 15 .. . 5.0015-1(3 Sent. .14 .. . 5.0015-10 Sept. Ill .. . . .. .. 5.01 Sept. 1L .. . . .. .. f>.< ’ Sept. 10 .. . 4.9u ...1-10 Sept. S .. . Sept. 7 .. . -1.9015-1(5 Sept. 0 .. . Sept. 5 .. . 5.02S Sept. 4 ., . 5.01-4 Sept, 5 .. . 4.98£ Sept. 1 .. . 4.99 Aug. 31 .. . 5.00 Aug. 1 . • . 5.03 7-1(3 Jul v 11 .. . 5.054 June 1 .. . 5.07J May 1 .. . 5.134 April 3 .. . 5.144 Marcli 1 .. . 5.064 i’cbr’y. 2 .. . 4.95 Jan’ry 3 .. . 5,17} Nov. 10' (low ree.) .. 5.53 The original par value of the United States dollar with sterling is 4.S6 2-3 dollars, but since February 1, 1934, when the dollar was devalued,, par valuo is S.23 01-511.

Oct 1 to Aug. 31. 1933-34. 1932-33. Chilled heel 1 , c/c’s. 1S.52S 994 Frozen beef, c/c's. 400,135 SOS,365 Mutton, c/e’s. .. 1.022,990 1,983,239 Lamb, c/c’s S,374,985 8,097,291 Pork, c/c’s 424,470 255,585 Boneless beef, bags 220,3So 263,22S Killings for export at all New Zealand freezing works during the same ■period were: — 1933-34. 1932-33. llecf, quarters .. 3S0,9o2 427,84S IV ether mutton, c/c’s 841,968 1.0S4,040 Ewe mutton, c/c’s. 9.37,302 926,352 Lamb, c/c 8./ o 1.94 1 S,793,73G I'ork (porkers), c/c’s 340,013 200,706 Pork (bacouers), c/c’s 100,377 51,984 Boneless beef, frt. c/c’s 512,078 42S,772 Sundries, frt. c/c ...... 271,769 300.024 ■WOOL PRICES LOWER.