Farming and Finance

Manawatu Times, Volume 60, Issue 100, 1 May 1935, Page 8

Farming and Finance

STOCK AND SHARE MARKET. TUESDAY, APRIL 30, 1935. Wellington Stock Exchange. Morning Call. Buyers. Sellers. £ s. d. £ s. U.

Sales reported. —First call this day N.Z. Guarantee Corporation, 5s fid. UNOFFICIAL LIST.

Paparoa Coal .. • 0 10 3 PRICE OF GOLD LOWER. LONDON, April 29. Price of lino gold per ounce, Ills 5-1 d.

BRADFORD TOPS FIRM. LONDON, April 20. The Bradford tops market is firm, but not /much business is'passing.

Foreign Exchange on New Zealand Currency Basis

The Bank of New South Wales, Wellington, quoted the following rates for their purchases and sales of foreign exchange on April 30: — Now Zealand Buying. Selling.

Singapore— N. Pence to 1 Dol. T.T. 34 5/16 351 O.D. 34 3/16 35 3/16 Rates for Czechoslovakia, Denmark, Sweden, Norway and Austria may bo had on application. T.T. represents telegraphic transfers. O. represents on'demand transactions. The above rates are subject to alteration without notice.

STERLING STRONGER. LONDON, April 29. Sterling exchange, London on New York, 4.88 1-S dollars. The quotations for April and on tho first of each prior month were as follows:—

WOOL SITUATION. MELBOURNE AND BRISBANE. MELBOURNE, April 20. The last of the main scries of the Victorian wool sales for the current season lias commenced. Good competition resulted and excellent clearances were effected. The market on the whole is practically unchanged as compared with closing rates of last series. BRISBANE, April 20. At the opening of the Brisbane wool sales prices showed an advance of 7 i per cent, on the closing values of the April 11 Sydney sales. Competition was keen for the average selection, and tho clearance was the best seen at auction for some considerable time. WHEAT MARKET, SELLERS REDUCE PRICES. LONDON, April 29. Wheat cargoes, following the improved condition of spring sowings in the United States and Canada,' are lower on Winnipeg advices. Sellers have reduced prices by 14d to 3d, wrth but little response from buyers. Parcels are available at similar declines, but trading is quiet, apart from the demand for French. Futures. —London, April 23s Gd per

quarter, June 23s 9d; Liverpool, May 5s 4Jd per cental, July 5s 7 1-Sd, October 5s 9d, December 5s 10 l-Bd. CHRISTCHURCH STOCK EXCHANGE. Per Press association. CHRISTCHURCH, Last Night. Sales on 'Change: Comm. Bank of Aust., 15s lid (2); Reserve Bank, £6 13s; National Insurance (cum. div.), 21s 7d; New Zealand Refrigerating (10s paid), 9s; New Zealand Breweries, 53s (6); Colonial Sugar, £42 10s; Dun-lop-Perdriau Rubber, 17s 2d, 17s Id; Electrolytic Zinc (pref.), 345, 34s 3d; Big River, 2s sd; King Solomon. 4s 7d (2); Mahakipawa. Sd; 'Maori Gully, Is 7d (2), Is 74d (3). Unlisted stock: Upper Watut {2s paidl, 5s sd. Sales reported: Waitahu (late sale 29th), 3s; Mount Lyell, 21s; King Solomon, 4s 7d; Goldfields Dredging, s|iL Big River, 2s s}d; Sun Newspapers, 5s 3d; New Zealand Paper Mills (cum. div.), 34s Od; Dunlop Rubber, 17s -‘A 17s 2d, 17s 3d: Goldsbrough. Mort., -ns Gd (2); National Insurance, 21s vd; ■><?-, serve Bank, £G 13s (4).

N.Z. Govt. Loans4 p.c. Bonds, 15/1/1937-40 .. 3i p.c. Bonds, 104 0 0 105 0 0 15/11/1938-41 . 4 p.c. Ins. fcstk., 102 0 0 — 15/1/1937-40 .. 4 p.c. Ins. Wtk., — 104 15 0 15/6/1952-55 .. 3i p.c. Ins. Stk., — 112 5 0 15/11/1938-41 . 102 5 0 — Local Bodies Debentures— Petone - Lower

Hutt. 1/10/1955 109 15 0 — Other DebenturesAmalgmtd. Brick (WgtuO .... Amalgmtd. Brick 99 10 0 (Auck.) .. .. Banks— Comm, of Aust. 100 0 0 (ord.) Comm, of Aust. 0 15 7 (prof.) Eng., fcicot. and — 9 17 0 0 0 National of N.Z. Nat. of A Asia. — 3 S 0 (£5)' 6 5 0 New Bth. Wales’ 1 ' 30 5 0 — New Zealand* .. New Zealand, D 2 10 9 2 11 3 Long Term keserve Bank of 1 13 6 1 14 0 N.Z 6 13 0 — Union of Aust. . Financial — Abraliam & WilS 10 0 S 12 0

liams (pref.) .. Goldsbr'gii, Mort. 3 .18 0 -1 10 0 and Co. .. .. 1 10 0 — N.Z. Guar. Corp. Wgtn. Invest., T. 0 5 •1 0 5 11 an d A — 0 9 0 Gas — Auckland .. .. 1 7 d Christchurch. .. I 15 U — Wgtn. (ord.) 9 8 U n 4. y Wgtn. (pref.) .. — 1 7 0 Insurance — National of N.Z.* I 1 0 .New Zealand Meat Preserving— 10 0

Gear Meat ’.. .. — 1 1 9 Wg'tn. Meat Export (pref.) .. — 1 .1. 3 Transport— Gclburno Tramway (pref.) .. — 13 0 0 .. eoxien— rxaiapoi (pref.) . 0 17 0 __ Timber— .National 0 li! 0 — Taupo, 10s, prcf.t — 0 11 0 Breweries— Garltou .... .. — 13 10 8 N.Z. Breweries .. — 2 lu 8 Tootli and Co. ,. i! 10 9 — Tooheys — i 10 0 Miscellaneous — Aust. Glass .. .. — 3 0 0 British Tobacco (Aust.) .. .. 1 18 6 — Broken Mill PtyA 1! 11 0 —

Colonial Sugar .. — 42 17 G Dominion i’crtiUser 1 9 0 — Dunlop - Perdriau U .17 0 0 17 G Electrolytic Zinc (ord.) 1 4 3 — Elcctroiy. Zinc (S p.c. part pref.) 1 33 6 — Howard S m i t k (ord.) .. . . .. 0 14 0 — Mount Lyell 1 0 6 — N.Z. Drug .. .. — 4 0 G Wilson's (N.Z.) Cement .. .. 1 14 0 — Woolworths, N.Z. (ord.) .. .. .. — 11 7 G Sun News .. .. 0 4 10 , Milburn Lime .. 2 3 0 — Manawatu Knitting Mills 1 14 G 1 1G !) Mining — Big River .. .. 0 2 3 — Blackwater .... 1 10 0 — Consol. Goldfields — 0 17 G King Solomon .. 0 4 0 — Okarito .. .. .. • 0 G O Skippers .. .. .. 0 0 o 0 0 Wailii 2 2 9 — Wailii Grd. Junct. LI 4 4 0 4 9 Maori Gully .... 0 1 6-1 0 1 8 Mi. Morgan 1 17 0 — t Ex. div. * Cum. div.

Buyers. Sellers. £ s. d. £ s. d. Woolwortlis, Ltd. 4 S 9 4 10 0 Motters (N.Z.), Ltd. .. 0 5 9 0 9 6 Frozen Products 0 12 0 0 17 6 Denliard (prof.) -- 110 Wairarapa Frozen. Meat O' 16 C —

Per s. 145 oz. d. 4 in 91 141 5 April 24 .*•*•••• April 2*1 . - 143 113 81 (j Z\ pril 90 ...... .. 113 7 pT-n 17 , 143 4 , 143 1 . 113 11 . 141 OX April 19 111 l April 11 , 143 . 113 hi 0 . 141 li . Ill 11 . Ill 1 . 143 101 . Ill 3 " . 145 7i April 1! . 141 . 145 1 81 March 29 March 6 (record) . .March 1 February 1 . 143 . 119 . 145 . 142 . 140 8 4 1 4 101 1931. April 30 • • 135 8

on London— £N.Z. to £stg.l00 T.T. 121 124/10/Australia— £A. to £N.Z. O.D. 123/10/124/7/(3 100 .. .. T.T. 101 100/10/Fiji— £F. to £N.Z. O.D. 101 100/10/100 .. .. T.T. 00/7/6 S9 New York — dollars to O.D. 00/7/0 SO £N.Z.l T.T. 3.011 3.874 Montreal — dollars to O.D. 3.925 3.8S £N.Z.l .. T.T. 3.03 3.89} France — Francs to O.D. 3.94} 3.895 £N.Z.l .. T.T. 39.33 5S.05 Noumea— Francs to O.D. 50.63 5S.10 £N.Z.l .. T.T. 00.30 57.30 Papeete— Francs to O.D. 60.70 57.35 £N.Z.l .. T.T. 00.30 57.30 Belgium— Bclgas to O.D. 60.70 57.35 £N.Z.l .. T.T. — 22.555 German y — Iteichmarks to O.D. 22.570 £N.Z.l .. T.T. — 9.417 Italy— Lire to O.D. 0.422 £N.Z.l T.T. — 4G.23 Switzerland— Francs to O.D. 46.27 £N.Z.l .. T.T. 12.184 11.784 Holland— Florins to O.D. 12.250 11.794 £N.Z.l T.T. 5.865 5.615 •JavaFlorins to O.D. 5.015 5.619 £N.Z.l .. T.T. 5.842 5.617 Japan— N.Z. Pence O.D. 5.892 5.021 to 1 Yen T.T. —. 1727/32 Shanghai— N.Z. Pence O.D. to 1 Dol. T.T. 34 23/32 20 1/32 OD. India and Ceylon— N.Z. Pence 24 10/32 25 31/32 to 1 Pup. T.T. 22s 22 23/32 Hong Kong— N.Z. Pence O.D. 0 9.1 22 21/32 to 1 Dol. T.T. 30 37 1/10 O.D. 35 J 37

April £7 .... Dollars to £1. April 2(3 .... April £5 .... .. .. 4.S2JApril 24 .... .. .. 4.83 13-13 April 23 .... .. .. 4.84 April 18 .... .. .. 4.85 April 17 .... April 16 .... .... 4.SO April 15 .... April 13 .... .. .. 4.S3g April 12 .. - April 11 .... April 10 .. .. Apri 1 9 .... April 8 .. .. .. .. 4.82$ April 6 .. .. April 5 .. .. .. .. 4.84 1-3 April 4 .. .. .... 4.834 April 3 .. .. .. .. 4.80 April 2 .. .. April 1 .... .... 4.70i March 1 .... .. .. 4.S3 13-10 February 1 .. .. .. 4.87 1-16 January 1 .. .. .. .. 4.94 3-16