FINANCE AND COMMERCE

Taranaki Daily News, 28 January 1933, Page 12

FINANCE AND COMMERCE

SHAREMARKET TRANSACTIONS.

BUSINESS IN NEW ZEALAND.

Sharemarket business reported by the Press Association yesterday was: Christchurch: Sales on exchange. J per cent, inscribed, 1936, £lOl 10s. (three parcels); Commercial Bank of Australia, 15s. (six parcels); English, Scottish and Australian Bank, £4. Ils. (four parcels); Bank of New Zealand, 435. 6d.; Goldsbrough, Mort, 245. 3d.; New Zealand Refrigerating (10s. paid), 4s. (two parcels); Westport-Stockton (ord.), Bd.; New Zealand Breweries, 275. 9d. (two parcels); Staples’ Brewery, 225. 9d.; British lobacco, 325. (two parcels); Mount Lyell, 21s. (three parcels); New Zealand Drug Co., 565. 2d. (three parcels); 565. M. (two parcels); Big River, Is. 3d. (two parcels); Blackwater, 215.; Gillespies Beach, Is. (two parcels); Golden Sands, 35.; Golden Point, 3d. (six parcels); Okarito, 9s. Id. (two parcels); Electrolytic Zinn (pref.), 28s. 2d. Sales reported: New Zealand* Drug Co. (late sale January 26.), 565. 2d.; New Zealand Drug Co., 565. (two parcels); Christchurch Gas (cum. div.), 235. 6d.; Bank of New Zealand, 435. 6d.; 51 per cent, inscribed, 193 b, £lOl 15s. Auckland:—Sharemarket sales: Commercial Bank (pref.), £8; Bank of New Zealand, 43s 9d; New Zealand Insurance, 45s 6d; Farmers’ Co-op., Auckland (A pref.), 14s 6d; Colonial Sugar, £52; Gear Meat, 295; Kempthome Prosser, 56s (two parcels); New Zealand Paper Mills, 21s 4d; Okarito, 9s; Waihi, 21s 4d, 21s 3d. CANTERBURY PRODUCE MARKETS. LITTLE BUSINESS BEING DONE. Christchurch, Last Night. Oats and ryc-grass continue to come forward in increasing quantities, but with the usual outlets showing no interest merchants are doing little business. Prices are tempting enough for speculation but the disposal side is more uncertain that it has been for years. Algerian/ oats are quoted at Is 3d to Is 5d on trucks and Gartons at Is 4d to Is 6d. There is a considerable amount of ryegrass on the market. Quotations are a shade easier than was previously quoted, being from Is 3d to Is 5d for Italian. An early sample or two may be expected within a week or ten days A little business has been done m spread fowl wheat at 3s 4d, f.o.b sacks extra. There has never been in the local trade a quieter January for forward potatoes than at present. The North Island is showing no interest and possibly will not until Pukekohe crops are nearer being cleared. Prices to faimers on trucks at Canterbury stations range from £2 to £2 .5s a ton. SYDNEY EXCHANGE QUIET. INVESTMENTS HOLD WELL. Rec. 9.30 p.m. Sydney, Jan. 27. The Stock Exchange was. quiet but firm. Investments held well and bonds hardened. n , Sales were: Commonwealth Bonds, 4 per cent., 1938, £lO2 55., £lO2 7s. 6d., 1941 £lO2 6s. 3d.; 1944, £lO2 13s. 9d.; 1947 £lO2 17s. 6d., £lO2 18s. 9d.; 1957, £lO2 55.; 1959, £lO2 55.; Bank of New South Wales, £3O 12s. 6d., £3O 155.; Tooth’s Brewery, 355. 6d. and 355. 9a. (for New Zealand delivery); Broken Hill Proprietary, 285.; Mount Morgan, 255. lid.; New Guinea Goldfields, 4s. 6d.; Hiiddart, Parker, 295. 9d.; Dalgety’s, £8; Australian' Glass, 465. Melbourne sales were: Commonwealth bonds, 4 per cent., 1941, £lO2 55.; 950, £lO3 Commercial Bank of Australia, 15s. 6d.; British Tobacco, 325. 9d.; Dunlop, 17s. 10d,; Taranaki Oil, 2s. 6d.