FINANCE AND COMMERCE

Taranaki Daily News, 30 June 1934, Page 3

FINANCE AND COMMERCE

SHAREMARKET BUSINESS. Christchurch:—Sales on exchange: New Zealand Government 4 per cent. Inscribed, 1946, £lO3 10s; New Zealand Government 4 per cent. Inscribed, 1949, £lO6 10s; New Zealand Government 4 per cent. Inscribed, 1955, £lO6 15s; Commercial Bank of Australia, 15s lid (*2 lots); Union Bank of Australia, £9 16s; Goldsbrough Mort, 30s 6d (2 lots); New Zealand Loan and Mercantile (ord. stock), £54; United Building Society, 21s 9d; Bell Hooper (Is paid), 6d; Deep Lead (Is paid), Is lOd; King Solomon, 3s 5d (2 lots); Mahakipawa, 10Jd (3 lots); Mount Morgan (cum div.), 268 9d, 27s (2 lots). Sales reported: Commercial Bank of Australia, 15s Hd; New Zealand Refrigerating (£1 paid), 19s 6d; Kaiapoi Woollens (17s paid), Ils 3d (2 lots); New Zealand Farmers’ Fertiliser, 21s 3d; Nokomai, 2s lid (2 lots); Skippers, 93; Euratha (5s paid), 12s.

PRICES ON UP-GRADE.

By Telegraph—Press Assn.—Copyright.

Rec. 8.45 p.m. Sydney, June 29. On the Stock Exchange general company share price variations are mostly on the up-grade. Banking shares remained dull, but sellers of Australian bonds in any quantity were difficult to locate. !

Sales are:—Bank of New South Wales, £3O; Commercial Bank of Sydney, £l7; Colonial Sugar, £66 15s; United Insurance, £10; Associated News, 22s 9d; pref., 235; Australian Gas (A), £7 Il’s 6d; British To bacco, 375; Carlton Brewery, 435; Australian Glass, 48s 6d; Dunlop Perdriau, 18s; Morris Hedstrom, 16s; Goodyear (pref.), 325; Tooth’s, 42s 9d; Amalgamated Textiles, 11s; Goldsbrough Mort, 30s 6d; Mt. Morgan, 27s 6d; Broken Hill Proprietary, 44s 9d; South Broken Hill, 74s 3d (2 lots); Euratha, Ils lOd; Tullamore, Is 8d; Rawang, 8s 9d; Larut, 14s Id; Bulolo Gold, £7 19s 6d; Bulolo Deposits, Is Id; Placer Develbpment, £24 10s. Melbourne sales were: Commercial Bank of Australia, 15s lOd; Herald Times, 50s; Howard Smith, 14s Id; Goldsbrough Mort, 30s 6d; Electrolytic Zinc, 245; Mount Lyell, 20s 3d; Tongkah Compound, 23s 6d. ' POTATO MARKET UNCHANGED. By Telegraph—Press Association. Christchurch, Last Night. The potato market is unchanged. The Wingatui is loading at Timaru to-day and is due to load at Lyttelton to-morrow, and will "be followed by the Karetu on Monday from Lyttelton. The Wingatui will lift a fairly heavy cargo, as it will be the final boat of the month. Values remain at £3 17s 6d to £4 a ton, f.o.b. sacks in, or £2 15s to :"2 17s 6d at the average station. Most of the potatoes north of Wai* makirlri are now out of the ground ani crops generally have turned out satisfactorily. However, in South Canterbury the crop is affected by frequent periods of heavy rain. Digging is not yet finished in mid-Canterbury but the crop appears to be average. Peas are steady in price but the market is quiet. There was a nominal weight of crop this season, but wet weather during the harvest affected the sample of a good deal of it. The proportion of No. 1 grade is comparatively email. It is worth 3s 6d to -3s 7d on trucks.

Oats are creating little interest, Duns being an exception. There has been some inquiry during the week for Duns of good, heavy, dark quality at 2s lOd, f.o.b. sacks in. There is little interest in which is worth £4 ton f.o.b. sacks io Fowl wheat continues firm at 3s 3d i bushel, f.o.b. sacks in. MR. C. W. SARTEN’S SALE; Mr. C. W. Sarten’s unreserved sale is to be held on the homestead farm at Tikorangi on July 12. The herd, which has been built up and established for 30 years, comprises 82 choice grade Jerseys, which have been bred from the best cows and by pedigree Jersey bulls from the well-known studs of Messrs. Cornwall and Grover, W. Oxenham and H. Purdie. The cows have been well and carefully handled, and are all young deep-bodied cattie, being mostly second, third and fourth calvers, due to calve to pedigree bulls in July and August. There •will also be offered nine choice two-year heifers bred from the herd and due early; also 15 young sows, some of which have litters, some are due almost immediately and the balance in October, together with 58 weaners and store pigs. The horses and implements are all good and in first* class order. There will also be offered vzith slight reserve on account Messrs. Sarten and Son, 30 choice two-year heifers. Individual dates of the ccws will be given at the sale. This, is a wonderful opportunity for dairymen to obtain cattle of undoubted quality, and breeding. The auctioneers in conjunction are Messrs. Fanners’ Co-operative and Newton King, Ltd.