FINANCE AND COMMERCE

Taranaki Daily News, 21 October 1933, Page 12

FINANCE AND COMMERCE

SHAREMARKET TRANSACTIONS. NEW ZEALAND EXCHANGES. Transactions on the New Zealand stock exchanges are reported by the Press Association as follows: — Dunedin:—Sales on Exchange: BellHooper, Is Old (two lots). Reported sales: Waitahu, 6s 6d; Bell-Hooper, Is OJd. Auckland, October 20: Sharemarket sales: Stock, 1938-52, 3J per cent., £lOl 155.; do., 1949, 4 per cent., £lOO 10s.; Bank of New Zealand, 465. (two parcels); Westport Coal, 13s. 9d.; Auckland Gas, 235? 7d.; Bycroft, Ltd., 405.; New Zealand Newspapers, 275. 6d. (two parcels); New Zealand Refrigerating (cont.), 9s. 5d.; Gillespie’s Beach, 2s. Id.; Matatoki, Is. 10d.; Waihi Junction, 45.; Mount Lyell, 235. 3d.; Kualakampar, 10s. sd. Unofficial: Investment Executive Trust (pref.), 305.; do., New Zealand Perpetual Forests, 465. 6d. Christchurch, October 20: Sales on exchange: New Zealand Government, 4 per cent, bonds, 1940, £lO2 10s.; Commercial Bank of Sydney, £l7 19s. (five parcels); English, Scottish and Australian Bank, £5 135., £5 145.; National Bank of Australasia (£lO paid, cum div.), £l3 125.; Bank of New Zealand, 475. (three parcels), 465. 3d., 465. Id., 465. (two parcels); Canterbury Frozen Meat (ord.), £10.55.;’ New Zealand Refrigerating (10s. paid), 9s. 5d.; Kaiapoi Woollens (pref.), 165.; New Zealand Breweries, 365. 9d.; Staples’ Brewery, 28s. 9d. (three parcels); Tooth’s. Brewery, 425.; Beath and Co. (Is. paid)., 6s. Id.; Dunlop Rubber, 18s. 9d. (two parcels); Wilson’s Cement, 275.‘6d.; Bendigo Goldlights,' 6Jd.; Bell Hooper (9d. paid), Is. Id. (seven parcels); Blackwater’, 35.; Golden Point, 2d.; New Cornish. Point (6d. paid), 7d.; Waihi (cum div,), 265. 3d. Sales reported: 200 National Insurance, 18s. sd.

CANTERBURY PRODUCE SALES. SEED MARKET STILL ACTIVE. By Telegraph—Press Association. Christchurch, Last Night. The seed market continues to be active. Ryegrass of good weight and quality is still required abroad, and for good 281 b. seed up to 2s. 9d. a bushel has been paid by farmers. However, there is wide variation in the seed offered. Some of it is very light and loses a lot in dressing, while germination, is poor. For this quaXty the price is correspondingly lower, being about 2s. to 2s. 3d. a bushel. Good average seed ranges about 2s. 6d. for both Italian and perennial rye." Some export has taken place in dogstail, which is worth Bd. a lb. f.0.b., for machinedressed. A few sales of Chewing’s fescue have been made to England and America. It is worth 4Jd. a' lb. f.o.b. Cowgrass continues firm and is worth 9d. a lb. to farmers for choice quality, and to 7d. for inferior. White clover is worth 10d. to 12d. a lb. on trucks for best quality. Cocksfoot is worth to 6d. a lb. on trucks for; Bays and to sd. for Plains. Fowl wheat has firmed and is worth 3s. 9d., f.0.b., s.e., at Lyttelton. There is not much of it about. With the increments and store and other 1 charges on milling wheat the fowl wheat price is still 4d. to sd. a bushel below the value of milling, but in any case the season is shaping so indifferently that the policy of the Wheat Board will probably be to hold a million bushels carry-over until the prospects of the next harvest are clearer. Though oats are firmer there is little business passing. A Gartons are quoted at 2s. a bushel f.o.b. at Lyttelton, and 2s. 4d. south. There is no inquiry'for B Gartons. Small lots of potatoes continue to be shipped north. They are nominally worth £2 on trucks, which is rather a depressing price since most of them now have to be picked over.