FINANCE AND COMMERCE

Taranaki Daily News, 19 July 1933, Page 12

FINANCE AND COMMERCE

I ■ — SHARE MARKET TRANSACTIONS. NEW ZEALAND EXCHANGES. " Wellington:—Sales on exchange: New Zealand 4 per cent. Bonds (1940), £lOO 10s; Dalgety, £9 10s. Reported sale: Big River, Is 6d. Auckland: New Zealand Government, 4 pei‘ cent, inscribed stock, 1946, £lOO 10s.; ditto, 1949, £lOO 10s.; do., 1955, £99 10s.; Auckland Transport Board, 1949, 5| per cent., £97; Gisborne Sheepfarmers, 1941, 6| per cent., £80; Commercial Bank of Australia, 16s. 3d.; English, Scottish and Australian Bank, £5; Bank of New South Wales, £32; Bank of New Zealand, 495.; Farmers’ Fertiliser, 16s. 7d.; New Zealand Paper Mills, 265. 9d.; Golden Dawn, 2s. 31d.; Kawarau, 6d.; King Solomon, 25.; Waihi, 225. 9d. Christchurch: Commercial Bank of Australia (cum div.), 16s. 3d., 16s. 2d.; English, Scottish and Australian Bank, £5, £5 os. 6d. (four parcels); Bank of New South Wales, £32 (three parcels); Bank of New Zealand, 495. (three parcels); Bank of New Zealand “D” mort. shares, 30s. 7d., 30s. Bd., 30s. 9d.; National Insurance, 16s. 7d. (two parcels); Goldsbrough, Mort, 28s. Id., 285.; New Zealand Refrigerating (£1 paid), 15s. 9d.; New Zealand Refrigerating (10s. paid), 6s. 4d., 6s. 5d., 6s. 6d.; Christchurch Gas (10s. paid), 135.; New Zealand Breweries (cum div.), 345.; Mount Lyell, 225. 6d., 225. 5d.; Bell Kilgour, Is. 3d., Is. 31d.; Big River, Is. 6Jdi, Is. 7d. (three parcels); Cornish Point, 6d. (two parcels); Golden Dawn, 2s. 6d. (two parcels); Lawson’s Flat (Is. paid), Is. 3Jd.; Okarito, 10s. 10d., 10s. lid.; Nokomai, 3s. 9d.; Waihi Grand Junction, 3s. 7d.; Waitahu (3s. paid), 7s. Sales reported: Christchurch Tramway Board, 5A per cent., 1/4/44, £lOl 155.; Christchurch Drainage Board, 5J per cent., 1938-73, £101; Commercial Bank of Sydney, £l6 18s. 6d.; National Insurance, 16s. 7d. (late sale Monday); Dalgety and Co., £9 10s., £9 10s. 6d.; Goldsbrough, Mort, 28s. 3d.; New Zealand Refrigerating (£1 paid), 15s. 10d.; New Zealand Refrigerating (10s. paid), 6s. 5d.; Mount Lyell, 225. 6d.; National Insurance, 16s. 7d. ( SYDNEY MARKET VERY ACTIVE. By Telegraph—Press Assn.—Copyright. Rec. 8.20 p.m. Sydney, July 18. There was little-variation in gilt-edgeds on the Stock Exchange to-day, but most leading industrials were firm to higher. The market was very active. Sales were: Bank of New South Wales, £3l 17s. 6d.; English, Scottish and Australian Bank, £5 2s. 6d.; Colonial Sugar, £57 17s. 6d.; Mercantile Mutual Insurance, 19/6; Associated News, Bs. 5d.; do., (pref.), 18s. 6d.; Burns, Philp, 51s. 6d.; Australian Provincial Assurance, 11s. 10d.; British Tobacco, 345. 4 Id.; Anthony Hordern, 11s.; do. (pref.), 19s. 3d.; Greater J. D. Williams, 75.; Berlei, 275.; Dunlop Perdriau, 18s. 7Jd.; Goldsbrough, Mort, 28s. 4Jd.; Winchcombe, Carson, 285.; Morris Hedstrom, 18s.; Henry Jones, 38s. 9d.; Millaquin Sugar, 275. 6d.; Nestle’s (pref.), 335. 3d.; Tooth’s Brewery, 395. lid.; Toohey’s Brewery,, 235. 10id.; David Jones, 265.; Meggitts, 19s. 3d.; Mount Lyell, 225. 6d.; Broken Hill Proprietary, 375. 3d.; South Broken Hill, 60s. 9d.; North Broken Hill, 89s.'; Zinc Corporation, 345. Ijd.; Commonwealth 4 per cent, bonds, 1938, £lO2 12s. 6d.; 1941, £lO3 3s. 9d.; 1947, £lO4 55.; 1950,' £lO5 2s. 6d.; 1953, £lO3 55.; 1955, £lO3 17s. 6d.; 1957, £lo4'’ 7s. 6d.; 1959, £lO4 17s. 6d.; 1961, £lO5 ss. Melbourne reports the following sales: Dunlop Perdriau, 18s. Bd.; Herald-Times, 455.; Electrolytic Zinc, 245. 10d.; Australian Iron and Steel (pref.), 15s. 4d.; Australian Glass, 48s. 6d.; South Broken Hill, 60s. 9d.; Taranaki Oil, 2s. 3d. WOOL MARKET STILL STEADY. LONDON PRICES MAINTAINED. By . Telegraph—Press Assn. —Copyright. London, July 17. , At the wool sales 9530 bales were offered, including 4521 New Zealand, and about 4820 were sold. The steady tone continues and prices were unchanged. Prices are: New Zealand greasy merino, “Omarama,” top price 13? d, average 13 3-8 d; greasy crossbred, “Ba 1/4,’’ top price 12d, average 6 7-Bd. The Bradford tops market is quiet, users being well covered and reluctant to pay the last advance. Quotations are nevertheless very firm. WHEAT PRICES ADVANCING. OVERSEAS ADVICES STRONG. London, July 17. Wheat cargoes were influenced by strong week-end overseas advices and sellers advanced their limits 3d to 9d. Parcels are firm to 6d dearer. Futures are: London, September 26s 2d, Decejnber 275, February 27s sd; Liverpool, July 5s 9 3-8 d; October 6s 0 3-Bd, December 6s 2 5-Bd, March 6s 4 3-Bd. PRICE OF GOLD IN LONDON. London, July 17. Gold is quoted at £6 4s 3d per ounce compared with £6 3s 4d and £6 4s 2d on July 15 and 14 respectively. SHARP RISE IN RUBBER PRICES. RECORD AMERICAN CONSUMPTION. London, July 17. Rubber rose sharply to-day and touched 41d per lb for spot, the highest since January, 1931. This is attributed to America’s record consumption in June and the prospects of restriction negotiations! A rubber shares advance was consequently the chief feature of the Stock Exchange. TALLOW AND HEMP. LONDON MARKETS QUIET. The Department of Agriculture has received the following cablegram, dated July 15, from the High Commissioner for New Zealand, London:— Tallow: Market quiet, but steady at about last quotations. Auctions will be held July 19. Hemp:—Manila: Market dull and unchanged at last rates quoted. Output January 1 to July 10, 584,000 bales, against 466,000 same period last year. Stocks in the United Kingdom on June 30, 12,931 bales, against 28,980 same period last year. Stocks in Manila July 10, 131,000 bales, against 108,000 same time last year. Sisal: Market quiet but steady. Nominal value No, 1 for August-

October shipment, £l7 15s. New Zealand: No change since last report. Stocks in London on June 30, 148 tons, against 163 same period last year. Market remains depressed.