COMMERCE AND FINANCE

Otago Daily Times, Issue 20764, 9 July 1929, Page 13

COMMERCE AND FINANCE

LOCAL AND OVERSEAS MARKETS.

THE SHARE MARKET. DUNEDIN STOCK EXCHANGE. A parcel of New Zealand Breweries shares changed hands on the Dunedin Stock Exchange yesterday at 775. They were later on offer at this figure, but buyers would not give more than 75s 9d. There was also a reported sale . Waihis at 12s Id. At the close of the market buyers were offering 12s, but no seller came forward. Commercial Banks were in demand at 29s 2d, sellers asking 6d more. Kildares, which were offered at 4s Id. failed to attract a better buyer than 3s lOd. Sale: New Zealand Breweries (shares), 775. ' Sale reported: Waihi, 12s Id. The following are yesterday afternoon’s buying and selling quotations which are subject to the usual brokerage:— BANKING. Bank of Australasia—Buy £l4 14s. Bank of New South Wales-'-Scl £52. Bank of New Zealand —Buy fils, sel fils 9d. Bank of New Zealand (long “ D ”) — Buy 28s, sel 295. Commercial Bank—Buy 29s 2d, sel 29s Bd. National Bank of New Zealand —Buy £7 Og 6d, sel £7 4s. National Bank of Australia—Buy £9 lls, sel £9 14s. Union Bank—Sel £ls 15s fid. INSURANCE. National Insurance—Buy 16s Id, sel 16s 4d. South British Insurance—Buy 66s fid. Standard Insurance—Buy 65s fid. SHIPPING. Huddart. Parker (pref.)— Buy 21s. P-„ a ud 0. Deferred Stock—Sel fils fid. U.S.S. Co. (pref.)—Buy 20s lOd. COAL. Kaitangata—Buy 10a dis. Pukemiro—Buy 655. Tatipiri (ord) —Buy 26s 9d. Westport—Buy 32s 3d. LOAN AND AGENCY. Dalgety and Co.—Buy £ls 2s fid, sel £ls ss. Goldsbrough Mort—Buy 47s fid, sel 48s 9d. National Mortgage—Sel 89s. New Zealand Guarantee Corp.—Buy 9s 3d, sel 9s 9d. Perpetual Trustees—Buy 665. Trustees Executors and Agency—Buy 60s. Wright, Stephenson (ord.) —Buv 25s 3d. Wright, Stephenson (pref.)—Buy 18s 3d. MEAT PRESERVING. New Zealand Refrigerating (pd.)—Buy 16s 2d, sel 16s Bd. New Zealand Refrigerating (cont.) — Buy 7s fid, sel 7s Bd. MISCELLANEOUS. British Tobacco —Buy 48s 3d, sel 48s 9d. Brown, Ewing ford.) —Buy 30s fid Brown, Ewing (pref.)—Buy 20s fid. Bruce Woollen ford.)—Buy 10s 3d. D.I.C. (ord.)—Buy 10s fid pretn. D.I.C. (pref.)—Buy 21s. Dominion Investments—Buy 245. Donaghy’s Rope and Twine—Buy 35s Cd. Duuedin-Kaikorai Trams—Buy 345. Kaiapoi Woollen (ord.)—Buy 13s lid, sel 14s 3d. Kaiapoi Woollen (cont.) —Buy 4s 9d. Kaiapoi Woollen (pref.)—Buy 16s. Milburn Lime and Cement—Sel 395. Mosgiel Woollen Co.—Buy £7 13s. M'Lepd Bros.—Buy £3O. National Electric—Buy 9s fid, sel 12s fid. New Zealand Drug Co.—Sul 75s fid i ?). v ~ ealantl Express (ord.) —Buy 14s, sel los 6d. ealand Farmers’ Fertiliser—Buy 22s 7d, sel 235. New Zealand Paper Mills—Buy 20s. Otago Daily Times—Buy 70s Regent Theatre—Buy 245, sel 255. Smith and Smith (pref.)—Buy 18s 9d. - Wilsons (N.Z.) Cement—Buy 42e 3d. BREWERIES. 77 g aland Breweri es, Ltd.—Buy 75s 25 N fid Zealand Bre "' er ies (debs)—Buy Dunedin Brewery—Buy 295. Timaru Brewery—Sel 8s 9d. MINING. Kawarau—Buy sd, sel Bd. Nokora a i Sluicing—Buy 15s. Waihi—Buy 12s. scl^Sls^Sd*’ 0 Zin ° (pref ')— Bu >’ 3Cs 9 <l, Electrolytic Zinc (ord.) —Buy 35a 9d, sel Jos 6d. * Mount Lyell—Buy 41s 3d, sel 425. Mount lea—Sel 44s Kildare—Buy 3s lOd, sel 4e Id. Okanto—Buy lod prem., sel Is prem. Winding Creek—Buy Is 3d prem, sel Is lid prem.

WAR BONDS. 4J per cent. Bonds, 1938—Buy £99 15s. 4i per cent. Bonds, 1939—8uy £99 15s. U per cent. Bonds, 1941—Buy £99 17s Gd. 5| per cent. Bonds, S.S., 1933—8uy 4* per cent. Inscribed, 1938—Buy £99 15s. 44 per cent. Inscribed, 1939—8uy £99 los. £lOl PBr C6nt ‘ Inscribed ’ S ' S ‘> I£) 33—Buy 5§ per cent. Bonds, 1936—8uy £lOl 10s. “2 per cent. Inscribed, 1936—8uy £lOl 5i per cent. Bonds, 1933—8uy £99. ■ ni per cent. Inscribed, 1933—8uy £99. NORTHERN EXCHANGES. (Per United Press Association.) , r ,T be following business was done on c Changes yesterday:— Auckland.— -Sales: National Bank of Australasia (cont.), £9 13s; Australian ?L°, Vm n- al I^ sur „ a ? ce L 12s 3d i Northern Steamship, 14s 9d; New Zealand Breweries, 7is; Haywards Pictures, 19s 3d: LyefiTlTvfd 8d; Walhi ’ 12s ’ 12a; MoUnt Wellington.—Sales; New Zealand Breweries Bonds, 26s 9d; New Zealand Brewenes shares, 78s; Kauri Timber, 18s; Waihi Mining, ll s lid. Christchurch.—Sales: N.Z. Government 44 per cent. Bonds (1939), £100; Australian bank of Commerce, 36s 4d; Dalgety and Co., £ls 2s 6d; Goldsbrough, Mort, 4Ss i’ ou „ r /8s 6d, 77s 6d (two parcels) 76s 9d (two parcels), 7<s (two parcels); Staples Brewery, 65s (two parcels), 54s 6d; Timaru Brewery (5s pd.). 8s 6d; Tooth’s Brewery 60s, 61s; Beath & Co. (Is pd.), 9s 3d, 9s 4d; British Tobacco. 48s 5d (two parcels); Electro Zinc (pref.), 36s lid; Mount Lyel! 4!s 9d, 41s lOd (two parcels); Mahakipawa, 7Jd; Winding Creek (6d paid), 2s 2d (two parcels), 2s Id (two parcels); National Bank of Austra~aia Paid), £l9 15s. Sales reported: 9. 1 tramway Board 54 per cent. (1944) (late sale Saturday), £101; Commercial Bank of Australia, 295-6 d (two Parcels); New Zealand Breweries, 70s, «<s 6d; North Canterbury Hospital Board 5t per cent. (1940), £lO3.

GRAIN AND PRODUCE REPORT. Messrs Donald Reid and Co. report as under:— Oats.—This market is attra-cting very little interest. Farmers have, from the beginning of the season, obtained higher prices than the ruling f.0.b,, s.i., rates. Millers and seed requirements having absorbed all the heavy lines offering, merchants have secured practically nothing at all, thus showing how the consumptive demand, apart from milling, has fallen away, Nominal values remain the same, viz.: 3s Id lor extra heavy grade, ordinary A 3s ( B grade 2s‘ 9d, sacks extra, on truck, country stations. Wheat.—Local millers are not keen operators at present, consequently the wheat market is quiet. There appears to be ample stock to carry through to the next harvest. Fowl wheat is in plentiful supply. Nominal values to-day are:—Tuscan 5s 9d, Hunters 6s, Velvet 6s 6d, sacks extra, on truck, country stations.

Chaff—Although the market shows signs of increased values, the demand has not improved to any extent. Consumers are apparently content to buy j'ust as their stocks become exhausted, Canterbury chaff has firmed, and offerings from thkt quarter are not as frequent as usual. Best oaten sheaf is procurable ex store, Dunedin, at £5 15s to £6/ sacks extra.

Potatoes.—'Jhis market is practically controlled by’Canterbury offerings. One week a decided firming is noticed. A few trucks arriving, however, soon puts the position back to normal again. Canterbury are quoting £5 15s, f.0.b., s.i., for this month’s delivery, and this is the value ex truck, Dunedin, to-day for best tables. Other lines are hard to quit.