COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXII, 26 January 1939, Page 14

COMMERCIAL NEWS

STOCK AND SHARE MARKET WELLINGTON STOCK E.XCH.VNGB WEDNESDAY, 25th JANUARY, 1939.

1952-66 98 16 0 *Tax free to first date, then 4 per cent, optional maturity three years prior to final date. LOCAL BODIES DEBENTURES— Wuitomo E.R., 4^

•w-awr * Woolwm-ths (W.A.), Ltd *Cum div. A. li. Kelson. Sharebroker, Country j Member of the Wellington Stork Kx I change, F, & D. Edward* Ltd , Mml«imtce j IrttfalKtir Street. 'leleplmue -fdb. F. O. 'lwiss. Sharebroker, Country j Member of WellinuMm Stock Exchange 10.5 Irafnluar Street Telephone 4J7. | I). E. Barclay, Sharebroker and Invest j rnent r\iiu>ullnut. Norwich Union Cham hers, Hardy Street Telephone 1145 ANTWERP WOOL FUTURES i IJPA-Hv Kleetrli* IVlpk Ml Uti M'Join r»uhf ANTWERP. 24th January. Wool futures are quiet. Quotations: February, 21Jd; May. 22||d; July. 22gd. The quotations on 17th January were: February. 22gd; May, 22jd; July, 23d. The prices are for 04's tops, dry combed. BRITISH WAR LOAN I British Official Wireless) RUGBY, 24th Januayr. British 3| per cent. War Loan is quoted at £97 2s 6d. PRICE OF SILVER RUGBY, 24th January. Silver quotations are:- Spot. 20.}d an ounce; forward, 19 15-16 d. PRICES OF METALS LONDON. 24th January. The official quotations on the London metals market compare with those previously cabled as follows! Jan. 23. Jan. 24. Per ton. Per ton. £ s. d. £ s. d.

Silver— Standard, per oz 20 3-lGd 20j Fine 21 13-ied 21 7-8 DREDGING SHARES Share Quotations. Clutha River, buyers Is 4Jd, sellers Is ?}d; Molyneux River, buyers 6d. sellers lid. LONDON WOOL SALES Levin and Co., Ltd,, have received the renewing cable from their London agents, dated 24tJi January: The auctions are proceeding with good general competition, specially from the Home trade, but the market is slightly easier

STOCK EXCHANGES DEPRESSED LONDON, 24th January, ' Apart from the Berlin Bourse, which ’ is described as firm, all the European stock and share markets are depressed because of international npprehenions. ( The Dutch and Swiss Bourses are spedaily weak. Wall Street's nervousness is yet another factor to which may be added the 1 news of fresh military preparations in ! Germany. Fears of the newest German economic measures are expected to j result in repercusisons because of Gene- * ral Franco’s nearness to Barcelona. ■ The Paris Bourse closed yesterday at ] its lowest. To-day the London Stock Ex- i change experienced the sharpest falls in { all sections since the September crisis. 1 though the market rallied slightly at the J close. The Bombay Slock Exchange was I closed to-day partly because of “bear- 1 lsh“ advices from abroad GERMAN TRADE METHODS I NAIROBI, 241 h January. | Germany is creating an askimark t account in order to overcome her short- I age of sterling exchange and to enable j the purchase of an additional 25.000 I tons of sisal a year. Because of the I manipulation of the mark South Afri- J can growers of sisal will receive £2 a j ton above the world market price. j

\.Z. UUV'l. I.OAXfc 3% I user. Stock, £ s. d. Sellers S ». d 15/7/1939-41 3J% loser. Stock, 94 0 0 - 15/3/1939-43 ...» loser. Stock, 97 10 0 - 15/9/1939-43 ...* 3£% loser. Stock, 97 10 0 - 15/3/1941-43 ...* 3g% loser. Stock, 97 10 0 — 15/9/1941-43 ...* loser. Stock, 97 10 0 - 15/5/1939-52 ...» loser. Stock, 97 2 6 — 15/11/1941-52 ...» Inscr. Stock, 97 15 0 - 15/5/1941-52 3£% loser. Stock, 97 15 0 - 15/1/1053-57 4% Inner Stock, 90 0 0 — 15/2/1943-46 4% hi sci Stock. 98 17 6 - 15/4/1946-49 4% . laser. Stock, 98 17 6 — 15/5/1949-52 4% laser. Stock, 97 12 6 15/6/1952-55 4% Bonds, 15/2 / 98 15 0 - 1943-46 4% Bonds, 15/4/ 98 17 6 — 1946-49 4% Bonds, 15'6/ 98 17 6 —

p.c., 1/8/1955 ... - Wanganui City, 4£ 102 0 0 p.c., 1/11/1955 ... — OTHER DEBENTURES— Uieborne Sheepfarni* 101 0 0 crs 101 15 HANKS0 — I A ustralasir — Comm, of Ausi. 9 10 0 lord.) * 0 15 Coimn. of A Ubt. 0 0 16 3 (pref.) ' 9 11 Eng., Scot., aud 0 - A UBt 5 4 0 National of N.Z. . — 2 7 6 New South Wales * 30 0 0 — New Zealand 1 19 New Zealand D Lung 0 1 19 6 Term 1 6 0 Union of Aust. ...* — HNANi 1A1 /— 8 12 6 Newton King (prof.) — N.Z. Loan and Merc. 0 8 6 (Loudon reg.) ... — 35 0 0 General Finance ... — Metropolitan Llldg. 0 18 6 Wgtn. ... — Wright, Stephenson 12 0 0 (onl.) — ;.\s_ 1 2 0 Auckland — 0 19 6 Wellington (oi'd.) * 1 9 10 n VNl E— — National of N.Z. ... 0 15 4 — New Zealand * 2 12 9 — South British 2 1 VIK.A. i'KK.'KItVlNa— 9 - Gear Meat — 0 13 0 N.Z. Hefrig. (£1) * 0 17 0 — N.Z. Refrig. (10s) * 0 7 a 0 7 10 Wgtn. Meat Export 0 7 TRANSPORT--9 — Kelburiie Tram (oid.) — WuuLLEN— 1 3 0 Wellington (ord.) ... 4 12 0 — Wellington (prof.) 4 12 IlM HER— 0 — Uotoiti 0 3 4 Uotoiti (pref.) — 0 16 6 Taupo Toturu (ord.) 0 4 JO — Taupo Totura (pref ) — BREWERIES— 0 19 0 N.Z. Breweries • 2 0 9 _ Tui — -MM IGNEOUS— 2 7 6 Anthony Hordern . — 0 16 1 Auat. Glass 5 6 Claude Neon Lights 0 — (N.Z.) 1 1 0 Colonial Sugar 47 0 Consol. Brick and 0 - l'ipo 0 7 10 0 B 6 Deiihurd (ord.) 0 5 Dental and Medical 0 0 8 0 Supply 0 13 0 Electro. Zinc (ord.)* — Electro. Zinc (8 p.c. 2 7 0 part prof.) * — 2 10 0 Farmers' Tradiug ... — 0 19 6 (1. J. Coles * 4 1 Howard Smith 0 4 2 6 (ord.) 0 19 L.C.l. Aust. und N.Z. 3 - (Pref.) _ 1 4 3 Mac Duffs (ord.) ... 02 6 0 4 0 Mac Duffs (pref.) ... — 0 11 0 Morris Hedstrom ... — 1 9 6 National Electric ... — 0 14 6 N.Z. Drug 3 3 0 N.Z. Newspapers*... — 1 12 6 Taranaki Otl 0 7 3 0 8 3 United Provisions . 0 7 Wilson’s (N.Z.) 3 0 7 6 Cement 0 15 Woolwortlis Ltd. 8 0 16 0 (ord.) 1 1 Woolwortlis (N.Z./ 9 1 2 1 (ord.) 0 17 9 0 18 9 Berlei (N.Z.) * Milne und Choyce 3 9 0 Deb. Stk 0 15 0 Reid Rubber, N.Z 1 .1 0 __ Mori's Dock — MINING0 14 1 Big River 0 1 1 Grey River 0 18 0 0 19 0 Martha 0 11 -M SI KALIAN — 3 - Mount Morgan 0 10 0 0 10 4 Wellington Alluvials — 0 5 0 Zinc Corporation ... 3 14 OVERSEAS LISTINGS— Wool worth Holdings 9 (South Africa) ... — UNOFFICIAL r.lS'l 0 15 Buyers. Sellers £ s. Woolwortlis Properd. £ s. d ties 1 S N.Z. Perpetual For9 — cats 1 13 K. & E. Tingey, Ltd. 0 ~ (ord.) Selfridges (A'asia), 1 0 6 Ltd 0 11 W. E. Woods, Ltd. — 0 13 0

CopperStandard. spot 42 9 42 7 6 Ditto, forward 41 15 n 42 13 9 Electrolytic 47 15 0 48 10 0 to 48 15 0 48 15 0 Wire pars 48 15 0 48 15 0 Lend— Spot 14 1 3 14 3 9 Forward 14 6 m 14 8 2 SpelterSpot 13 7 6 13 11 10\ Forward 13 13 ia 13 15 71 TinSpot 213 17 6 214 11 3 Forward 214 17 6 215 7 6

for greasy crossbreds. The following prices ore current:— Merino d. Super 12J to 13i Average to in Pine ha If bred— Super. 56/58’s Average Medium halfbred— Super, 50/56’s lo* to 11 Average to lOi Extra fine crossbred— Super, 48/50’s . 10J to tot Average to 10A Fine crossbred— Super. 46/48's .. 10 to 104 Average to 10J| Medium crossbred— Super. 44/46’s to 104 Average to 93 Coarse crossbred— Super. 40/44s Average to 93 Low crossbred — Super. 36/40’s Average Pieces Bellies .... Locks to 5i