Farming and Finance

Manawatu Times, Volume 59, Issue 262, 9 November 1934, Page 8

Farming and Finance

STOCK AND SHARE MARKET. THURSDAY, NOVEMBER 8, 193-1. Wellington Stock Exchange. Morning Call. ' Buyers. Sellers. £ s. d. £ s. <1 N.Z. Govt. Loans—

First call this day: No sales reported. UNOFFICIAL LIST. Buyers. Sellers. £ s. d. £ ». ib

CHRISTCHURCH SALES. Per Proas Association. CHRISTCHURCH, Last Nigut. Sales on ’Change: Comm. Bank of Aust., ,10s; Bunk of New Zealand, 40s (3); New Zealand Refrigerating (10s paid), 0s lOd (2); Kauri Timber, 10s 0d; Bell-Hooper, 3d (2); Gillespie’s Beach, Is Std; Goldfields Dredging, lid; Skippers, Old; Worksop (extended, cum. div.), 3s Id (2). • Sales reported: Bank of New South Wales, £32; Bank of New Zealand, 40s; Gillespie’s Beach, Is Od. . Unlisted stocks on ’Change: 500, Ben I.cdi (Is paid), Is Id; Procera Bread (10s paid), 12s Od. Reported: New Zealand Mining Investment, Is 2)d.

JOIINSONVLLLE STOCK SALE. WnyM, Stephenson and Co., Ltd., and Abraham .and Williams, Ltd., report on the Johnsonville sale held on Wednesday ns follows: —We offered a full yarding of cattle and an average yarding of sheep to a fair attendance of buyers. Cattlo met with a fair demand at prices showing a decline on last week’s rates, bullocks being about 10s to 15s per head less and heifers showed a drop of 10s per head. Sheep generally, which were of good quality, met with a dull sale. Wethers declined Is, ewes 2s to 2s 6di whilst lambs sold on a.

par with last week’s rates. \\c quote:, prime extra heavy bullocks, £ll, £lO 15s, £lO Ills Gd; prime heavy bullocks, £lO ss, £lO 3s, £lO 2s to £9 15s; heavy bullocks, £9, £S 18s, £S los to. £8 10s; extra prime heavy cows and heifers, £/ 10s, £7 Ss, £7 ss, £6.155, £6 10s; prime heavy cows and heifers, £G 2s Gd, £G, £5 15s, £5 10s; runners, £1 2s, £3 10s, £3 3s, £2 15s to £2 8s; vealers, £2, 395, 30s, 3-ls to 20s; prime heavy wethers, 25s 9d, £ss 7d, 25s Od, 25s 3d; medium wethers, 23s 22s 3d, 225; primo extra heavy cwes,"l9s 7d, ISs 9d, 18s Gd, 18s 3d, 18s; prime heavy ewes, 17s Gd, 17s; heavy hoggets, 23s Gd, 23s 3d, 2os, 22s 6d; heavy spring lambs, 23s Gd, 235, 22s ./ d, 225; medium spring lambs, 21s 7d, 21s Gd, 21s 3d, 21s, 20s Od. PRICE OF GOLD EASING. LONDON, Nov. 7. The price of gold is 139 s lid per line ounce. Per oz.

DOLLAR WEAKER. LONDON, Nov. 7. Sterling exchange, Loudon on New Fork, 5.00 1-8 dollars. Dollars to £l.

The original par value of the United States dollar with sterling is 4.SG 2-3 dollars, but since February 1, 1931, when the dollar was devalued, par value is 5.23 31-32. TEA MARKETS STRONG. Both the Indian and Ceylon tea markets were strong with an upward tendency this week, according to private advices received in Wellington. Prices were generally dearer. The London market was also strong, with prices unchanged. Quality continues to fall off. BRIGHTER PROSPECTS. TONE OF WOOL MARKET IN AUSTRALIA. GEELONG, Nov. 8. A record Victorian price tor the season was 19]d per lb. paid for merino wool at the Geelong sales, which opened yesterday. It was the largest offering of super wools made in Victoria during this season, and met with well sustained competition. The results of the sale are taken as a happy augury for the future. The top price paid for crossbreds was 17 Id per lb. EM3ARGO LIFTED. YARNS FOR GERMANY. LONDON, Nov. 7. Bradford wool textile manufacturers have withdrawn the embargo placed on the deliveries of yarns to Germany.

4 p.c. bonds, 16/1/1940 .. .. 104 12 0 — 5 p.c. rural bonds, 15/9/1947 .. .. 105 10 0 — 4 • p.c. ins. stk., 16/1/1940 .. .. 104 12 (i — 4 p.c. ins. stk., 15/2/1940 .. .. 108 15 0 — Local Body Debentures— Napier, 4£ p.c., 1958 — 100 0 0 Wgtn. City, 4i p.c., 1/2/52 .. — 10S 10 0 Other Debentures— Wgtn. Gas Co. .. 104 0 0 — Amalgmtd. llrick, Auck. .. .. — 305 10 0 Amalgmtd. Brick, Wgtn * 105 0 0 Banns — Australasia .. .. — 11 11 (I Comm, of Aust. (ord.) — 0 10 1 Comm. Bnlcg. Co.,

Sydney .. .. 17 5 0 IS 0 0 Xa;. ox A’asia. (£10)" — 12 12 0 New Stli. V.'ale^' 31 17 0 32 10 tl New Zealand 2 S 9 2 9 0 Uuscrvu Bank of N.Z — G 12 9 Union of Aust. .. — 9 G G Financial — Abraham & Wil'~ liams (prof.)* . 4 1G 0 — Dalgety ajid Co." — 9 5 0 Goldsbr'gh, Mort. and Co — 1 .12 0 Nation. Mortgage “A” — 3 0 f) N.Z. Guar. (Jorp. 0 5 5 0 5 G General Finance 7~ 1 0 0 Gas— Christchurch 1 11 0 — Gisborne — 0 12 3 Wgtn. (ord.) 2 1 0 — Insurance — South British i 0 0 Meat Preserving— Gear Meat .. .. — 1 < 0 N.Z. Ecfrig. (10si — 0 10 0 Transport— vvvvcvcv VnJoJ Union Steam (pref.) i 7 s — Woollen — lvaiapoi (paid) .. 0 15 0 — Kaiapoi (cont.) . 0 4 9 — Mosgicl" 1L 0 0 Wgtn. (ord.) 5 11 G — Wgtn. (prcf.) .. — rj 10 0 Coal— Ivaituugata .. .. 1 1 2 •— Westport - Stockton (prcf.) 0 4 G 0 5 O Timber — Bartholomew — 0 .VS 0 Kauri — u- 19 3 Leylaud, U’Bricu — .1. 3 0 National .. .. .. 0 15 u Kotoiti — 0 4 Breweries — Carlton 2 10 0 — N.Z. Breweries .. — 2 10 G Staples and Co. .. ,i 10 C — Tui 3 (5 3 o 0 0 Miscellaneous — British Tobacco (Aust.) .. .. 2 1 7 2 2 0 Burns, l’hilp and Co. 1 2 17 0 — Colonial Sugart. . 74 5 0 74 15 0 Dental and Medi-

cal Supply 0 7 0 — Dunlop X’ei driau U ID s i 0 - Electrolytic Zinc (ord.) — i (i 0 Electr. Zinc (S p.c. part pref.j — i 10 u Fanners' Co-op. Auct — j ID 0 Ileury J ones Co-op.* — i 17 0 N.Z. Newspapers .1 lo 0 — N.Z. 1’aper .Mills* .1 n <1 — i’rcstige, New Zd. (prof.) 1 0 (3 — Woolwortk?, N.Z. (ord.) s 7) 0 -S 15 0 Oil— Taranaki .. .. .. — u 1 u Mining— Bell-Ivilgour .. .. 0 0 2 Big Hirer .. .. ■— 0 1 [) Consol. Goldfields — It 17 (■) King Solomon 0 o 7 (1 D D Mount Lvell — 0 ID ’> Wailii Grd. Junetion 0 ■i u — Wait, aliu — 0 4 1 Nevis Diesel 0 0 •ii — Mossy Creek 0 2 — :J Cum div. t Ex. “div

Woohvorths, Ltd. lu (ord.) .. . b 11 11 - 1 " KembalLs (prcl.) NVairarapa i'rozcn Meat Co. Assoc. Motorists’ 0 10 0 0 H 'J (pier.) .. . — 1 0 1 Argo Cold S./y. Tung till 0 1 Corp. (£.1) — .1 u 0 Maori Gully Sale: Loyal , Ltd., lids bd. 1 7

i5. d. November C 139 5} November 5 139 (3 A November 3 139 10 November 2 139 0 November .1 139 10 October 11 (record) . 143 ° October 1 141 G September 1 •• •• 141 August 1 US ,Iulv 2 1 2 137 14 AEay 1 • • • • UO Hi 133 March .1 U7 February 5 140 0 February 1 J OJ G January 2 1-7 U

November 6 .. . . .. 4.082 November 5 .. . . .. 4.9S5 November b .. . . .. 4-075 November u .. . . .. 4.0S* November 1 .. . . .. 4.02 October 1 . .. 4.051 September b .. . .. 5.022 September 1 .. . .. 4.00 August bl August 1 July - ■ • June L . . .. 5.07J May 1 . . .. 5.13J April b . . .. 5.14* March 1 . .. 5.06* February 2 . .. 4.95