COMMERCE AND FINANCE

Otago Daily Times, Issue 20899, 13 December 1929, Page 5

COMMERCE AND FINANCE

THE SHARE MARKET.

DUNEDIN STOCK EXCHANGE. Banking shares had numerous inquiries on . the Stock Exchange yesterday. A parcel of Bank of New Zealand changed hands at 58s 9d. At the, afternoon call there was a buyer at 58s 6d, but sellers wanted 6d more. Commercial Banks had buyers at 25a 6d and sellers at 265, There was_ a sale of this script at 25a Od. National Bank of New Zealand shares showed a wide margin in the quotations, buyers offering £6 10s, and sellers holding out for £0 16s. Bank of Australasia were sought at £l2 10s, but here again, there was a wide margin, as sellers wanted £l3 ss. South British Insurances were on offer at 63s 9d, but buyers would not bid higher than 60s. Goldsbrough, Mort (rights) had buyers at 5s and sellers at 5s 6d. A sale was reported at 5s 3d. The ordinary issue of Huddart, Parkers had inquiries at 41s 6d, but sellers wanted _42s 3d. In the mining section Waihis were offered at 13e Bd, but buyers would not go beyond 13s. There was no inquiry for Mount Lyells. at the afternoon call, but a sale was' reported at 41a 9d. Sales: Bank of New Zealand, 58s 9d; Commercial Bank, 25s 9d. Sales reported: Goldsbrough, Mort (rights), 5s 3d; Mount Lyell, 41s Od. The are yesterday afternoon’s buying and selling quotations, which are subject to the usual brokerage:— BANKING. Australian Bank of Commerce—Sel 30s. Bank of Australasia—Buy £l2 10s. sel £l3. 5a.. . Bank of N.S. Wales—Sel £4l 15s. Bank of New Zealand—Buy 58s 6d. sel 595. : Commercial Bank—Buy 25 s 6d, sel 265. E.S. and A. Bank—Sel £7 10s. National Bank of N.Z. —Buy £6 10s, sel £8 16a. Union Bank—Sel £l3 10s. INSURANCE. National Insurance Co.—Sel 15s 6d. N.Z. Insurance Co.—Sel 45s 9d. South British Insurance Co.—Buy 60s, sel 63s 9d. A.PA.. Insurance—Sel 10s 6d. ' SHIPPING. • 1 Huddart, Parker (ord.) —Buy 41s 6d, BeI US 9 S 3 (io. (pref.)—Buy 20s 9d. COAL. Westport Coal Co. — Buy 31k, sel 31s 9d. Westport-Stockton (ord.) —Sel 3s. Westport-Stockton (pref.)—Sel 4a 3d.LOAN AND AGENCY. Dalgety and Co.—Buy 37s 3d. sel 38 s 3d. Goldsbrough. Mort (rights)—Buy ss, sel 58' 6d. , National Mortgage—Buy 84s. N.Z. Guarantee Corp.—Sel 8s od. Perpetual Trustees—Buy 68s. Trustees, Ex. and Agency—Buy 60s. MEAT PRESERVING. N.Z. Refrigerating (cont,)—Sel 6b 6d. MISCELLANEOUS. British Tobacco—Buy 445, sel 455. Brown. Ewing (ord.) —Buy 30s 6d, Brown, Ewing (pref.)— Buy 20s.* Bruce Woollen Co. (ord.) —Buy 8s 6d. D.I.C. (pref.)—Buy 21s 6d. Donaghy’s Rope and Twine—Buy 35s 6d. ■ , % Kaiapoi Woollen (ord.) —Buy 12s, sel 12a 9d. Milburn Lime and Cement—Buy 35s 3d. ! Mospiel Woollen Co.—Buy £7 10s. National Electric —Buy 10s 9d, sel 12s 6d, . N.Z, Drug Co.—Buy 73s 6d, sel 745. N.Z. Paper . Mills (ord.)—Buy 20s Bd. Regent Theatre—Buy 25s 9d,sel 275. Smith and Smith (pref.)—Buy 19s 4d. Auckland Gas—Buy 24s 9d. .. . BREWERIES. N.Z. Breweries, Ltd.—Buy 85s 9d. In.Z. Brweries Debent—Buy 27s Od sel 28s 3d. Staples Brwery—Buy 535, sel 53s od. ■ MINING. Kawaran G.M. Co.—Buy 4d, sel sid. Waihr—Buy I3s, sel 13s Sd. Waihi Grand Junction—Buy Is. Electrolytic Zinc (pref.)—Buy 33s lid, sel 34s 6d. ■ • Electrolytic Zinc (ord.)—Buy 3& sel 33a 6d. Big Beach —Buy 3s, sel ss. Nildare—Buy Is Bd, sel Is lOd. Okarito—Sel, Is 7d. Winding Creek—Sel Is 3d. Winding Creek (Is pd.)—Sel 2s. Taranaki Oil—Buy 4s Bd, sel 5s 3d. Stoney Creek —Sel sd. Paddy’s Point —Buy 4s Id, sel 5s 2d. WAR BONDS. 4i per cent. Bonds, 1939—8uy £IOO sel £IOO ss. 4J. per cent. Bonds, 1941—Buy £IOO. 4i per cent. Inscribed, 1938—Sel £IOO 2s 6d. 4i per cent. Inscribed, 1939—5 el £IOO 2s 6d. , £9? cent^ . Inscribed Bonds, 1941—Buy 5i per cont. Bonds, 1933—8uy £99 7s od.

' NAPIER WOOL SALE,

DAIRY PRODUCE.

NORTHERN EXCHANGES.

(Feb United Pbess Association.) •Tk® folio wine business was done on Changes yesterday:— Sales; Inscribed Stock (1033), 5i per cent., £IOO 15s; National .Bank of Australasia (cont.). £7- 17s 6djBank of New Zealand, 58s; Auckland Gas.j 25e; Taranaki Oil, 4s 9d, 4s 10d: Waihi, 13s 6d; Mount Lyell, 41s 6d t Wellington.—Sales reported: New Zealand Breweries Bonds, £1 7s lOd and £1 8s; Bank of New South Wales, £42 (two ?5 r n ii South British Insurance Co., £3 2s Od; New Zealand Breweries shares, - & ,?“ange): Mount Lyell Mining and Railway £2 Is 6d (on ’change); Bank New South Wales (Sydney register), £4O 10s. Christchurch.—Sales; Union Bank of Australia. £l3 5s (two parcels); Goldsbrough, Mori, (rights), ,6s (three parcels); British Tobacco (cum div.) 44s lOd (three parcels); Mount L-e!l (cum div.) 41s 7d (two parcels), 41e 4d, 41j 3d (thi;ee parcels). Sales reported;, National Back of Australasia (£5 paid), £8; Staples Brewery, 235; Mount Lyell (cum div.). 41s 7d; New Zealand Farmers’ Co-op. (6i per cent, stock, 1939), £9O; British Tobacco, 44s 10d .{cum div.).

FOREIGN EXCHANGES.

(British Official Wireless.) ■ (United Press Association.) (By Electric Telegraph—Copyright.) r.TJGBT, December 10. Per. Dec. 6. Deo. 10. Paris, Ir to £1 .„ ... 324,21 123.945 124.02 Brussels, belgas to £1 ,15 34.86 33.875 Oslo kt to £1 18.159 18.205 - 18.205 Stockholm kr to £1 ... 18.159 is.ioj 13,09,5 Copenhagen ki to £1 i 5.159 ig.jnj igjgj Berlin marks to £1 ... . 20.43 20.38 20.39 Montreal, do) to £1 .. 4.SSH 4.33 Sew ?ork, del to £1 _ 4.853 4.83 7-32 4.38 J Vokobama. pence to yen 34.58 24 1-IS 24 .1-32 Hongkong, pence to del 24.68 20) 20J Bombay, pence to rupee IS ITJ 17 23-32 Batavia, florins to £1 12.107 Milan, lire to £1 92.45 93.225 93.28 Amsterdam, guild to £1 ij.107 13.09 J 12.003 Prague, kr to £1 24.02 164* 1643 Geneva, tr to £1 „.. 25.22* 26.11 35.13 Vienna, schillings to £1 34.58* 34.665 .14.68 Helsinglors. marks to £1 393.34 194 194* Madrid, peseta* to £1 25,22* 34.525 35.05 Athens, drachma to £1 35.22* 376 375 Lisbon, escudos to £1 4.50* 103.25 108.25 Bucharest, lei to £1 .. 873 818 818 Bio do Janeiro, pence to milreis ... ... ... 16 5 13-16 5 25-32 Buenos Aires, pence to pesoe ... ... 47.62 46 5-16 46 7-32 Shanghai, pence to tael 23J 26* 26*

CHICAGO WHEAT MARKET.

(United Press Association.) (By Eleotne Telegraph -Copyright.) XEW YORK, December 11. Chicago wheat: December, 120 J cents Der bushel; March, 1273; May, 13

LOCAL AND OVERSEAS MARKETS.

OFFICIAL RANGE OF PRICES. (Peb United Press Association.) . NAPIER, December 12. ..Tbe official range or prices at the Napier* wool sales was:— Merino, nil. Corriedale— Super, nil. Average, up to 13id. Inferior, nil. Southdown— Super, nil. Average, 10id to lljd.. Inferior, nil. Medium halfbred (50-66’s) — Super, nil. Average, ll|d to 13d.. ■ Inferior, nil. Coarse halfbred (48-50’s) — Super, H4d to 12Jd.' Average. lOd to Hid. - Inferior, nil. Fine crossbred (40-48’s) — Super, Hd to 12d. Average, 9id to 10Jd. Inferior, BJd to fljd. Medium crossbred (44-46’b) , Few super .lots, 13Jd to 15d, Super, Hd to 12d. Average, 9id to 10|d. Inferior, 8d to OJd. Coarse crossbred" (40-44’s) — Super. 10}d to Hd. Average, 9d to lOd. Inferior, 8d to 9d. ' Low crossbred. (36-40’s) Super, up to Hd. Average, 9d to OJd. Infei’ior, nil. Hoggets—--50-56’s, 12d to 13id. 48-50’s, Hd to 13d. . 46-48’s, lOd to 12d. 44-46’s, up to Hid. 40-44’s, nil. Lambs — 48-50’s, nil. 46-48’s, Hid to 14d. 46-48’s (inferior), 4Jdto'Bd. Necks, OJd to Hid. - Pieces— Good to nuper, 8d to lOd: Low to medium, 4d to 7id. Bellies— ■ ■ , Good to super, 6}d to Bd. Low to medium, 4d to 6d. ' Crutchings— Good to super, 7d to OJd. Low to medium, '4d to Old. Locks—■ ' Crossbred, 4d to sd.

AUSTRALIAN MARKETS.

(United Press Association.) (By Electric Telegraph—Copyright.) SYDNEY, December 12. (Received Dec. 12, at 9.30 p.m.) Wheat: At country stations, 4s 7a; ex trucks. Sydney, 5s 2d. Flour. £l3. Potatoes. £0 to £l2. • . Onions. £l2 to, £l4. Pollard, £9. Bran, £7 10s \- Oats: White, 4s Od; Algerian, ,4s 3d Maize, Ga ADELAIDE, December 12. Wheat, 4s 9d. Flour. .£l2 2a 6d. Bran, £6. 10s. Pollard. £B. Oats, 3s 3d.

THE TALLOW MARKET.

(United ■ Press Association.) (By Electric Telegraph—Copyright.) • LONDON, December 11., At the tallow sales, 996 casks were offered, of which 394 were jsold at an average, decline ,of '6d, Mutton: Fine, 38a Od; medium, 35s 6d. Beef: Fine. 40s; medium, 35s 6d. . The Bank of New Zealand has received the following advice from its London office dated December. 11;—Tallow: There is a fair, demand. , Current quotations: Good mutton, 38s per cwt; good beef, 37s to 37s fid; good mixed, 375; gut, 32s 6d to 345. Messrs Dalgety; and Co., Ltd. have re-' eeived the following Cablegram from London, dated December 11.— At the last tallow sale 996 casks were offered, and 42 per cent.prices are 6d per cwt lower on an 'average. Quotations are as follows:-—Fine mutton. 395; mixed good, 375; inferior, 345. This will be the last sale for the year.

The New Zealand Loan and Mercantile Agency Compariy, Ltd., has received the following cablegram from its London honse, dated December 12:—Butter, 165 s 1 , Cheese, white. 90s; coloured. 88s. Markets are dull.