COMMERCIAL

Timaru Herald, Volume CXXXVIII, Issue 19904, 14 September 1934, Page 2

COMMERCIAL

SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright (Received September 13, 7.55 p.m.) SYDNEY, September 13. With the Federal Elections only two days off investors on the Stock Exchange displayed marked confidence and bid up strongly on all classes of sound stocks and shares. Values moved almost uniformly on the up-grade and the turnover was large in volume. Sales:— Bank of New South Wales, £32/15/-; Commercial Bank of Sydney, £18; Commercial Bank of Australia, 18/- (pref.) £9/17/-; National Bank (£5 paid), £6/11/-; Colonial Sugar, £67/12/6; Australian Provincial Assurance, 10/4; Associated News, 24/6, (pref.) 24/-; United Insurance, £11; Australian Gas A. £7/18/6; British Tobacco, 39/-; Tooths, 46/9; Tooheys, 29/9; Australian Glass, 54/-; Dunlop Perdriau, 20/3; Goldsbrough, 30/6; Morris and Hedstrom, 16/3; Millaquin Sugar, 34/-; Electrolytic Zinc, 27/15; David Jones, 35/-; Anthony Hordern, 15/3; Standard Cement, 19/6; Australian Iron and Steel (pref.), 23/6; General Industries (pref) 24/-; Mount Morgan, 34/9; Mount Lyell, 20/15; Broken Hill Proprietary, 50/-: Gordon and Gotch, 45/3; Placer Development, £26/10/-; Euratha Gold, 10/6. Melbourne Sales.—Commercial Bank, 18/3; Nestles (pref.), 37/-; Electrolytic Zinc (pref.), 35/6; Australian Glass, 54/-; Mount Lyell, 20/3; North Broken Hill, £5. CURRENCY QUOTATIONS. United Press Association—By Electric Telegraph—Copyright LONDON, September 12. me dollar is quoted at 5.01 to the pound. The current quotation of the franc is 75 1-16 to the pound. SHARES. United Press Association—By Electric Telegraph—Copyrlgnt LONDON, September 12. Shares —New Guinea Gold, 5/81. FOREIGN EXCHANGES. British Oracial Wireless RUGBY, September 11. London on the cities mentioned:— Par To the £ New York (dol.) .. 4.86 2-3 5.011 Montreal (dol.) .. .. 4.86 2-3 4.853 Paris (fr.) 124.21 75 1-32 Brussels (belgas) .. 25 21.09 Geneva (fr.) .. .. 25.22 J 15.16 Amsterdam (fl.) .. 12.107 7.305 Milan (lire) 92.46 57 11-16 Berlin (marks) .. .. 20.43 12.45 Stockholm (kr.) .. 18.159 19.395 Copenhagen (kr.) .. 18.159 22.394 Oslo (kr.) 18.159 19.905 Vienna (sch.) .. .. 34.585 265 Prague (kr.) .. .. 1645 119 Helsingfors (marks) 193.23 2263 Madrid (pes.) .. .. 25.225 36 7-32 Lisbon (esc.) .. .. 110 1104 Athens (drach.) .. 375 t 515 Bucharest (lei.) .. 818.6 495 Belgrade (dinars) .. 276.32 21.6 Batavia (florins) .. 12.11 7.30 Rio de Janeiro (d. to mils.) .. 5.899 t4l Buenos Aires (d. to peso) .. 47.62 t36i Monte Video (d. to peso) .. 51 t 391 Par Value in pence Bombay (rupee) .. 16 181-16 Shanghai (dol.) * 17 Hongkong (dol.) .. * 183 Yokohama (yen) .. 24.58 143 “Pence per local unit. tSellers. RESERVE BANK ASSETS AND LIABILITIES By Telegraph—Press Association WELLINGTON, September 13. The Gazette issued to-night contains a statement of assets and liabilities of the Reserve Bank of New Zealand as at the close of business on September 10: Liabilities. £ s. d. Paid up capital .. .. 500,000 0 0 General reserve fund 1,000,000 0 0 Bank notes 8,106,668 10 0 Demand liabilities— State 4,063,473 10 7 Banks 16,812,897 12 7 Other 25 6 6 Other liabilities .. 17,079 5 8 Total 30,500,144 5 6 Assets. Gold 4,351,727 0 0 Sterling exchange .. 24,498,155 11 9 Subsidiary coin .. .. 123,537 9 10 : Investments 1,500,000 0 0 Other assets 26,724 3 11 Total 30,500,144 5 6 The proportion of reserve to notes ' and other demand liabilities is 99,54 , per cent. DAIRY PRODUCE The South Island Dairy Association Ltd. has received the following market report from the N.Z. Produce Association, Ltd,, London:— Butter.—Quiet. Finest 77/- to 78/-, firsts 75/- to 76/-, Danish 109/-. Cheese.—Quiet, white 48/-, coloured 45/-. ; The New Zealand Loan and Mercantile Agency Co., Ltd., have received : the following advice from their London House under date, September 13: Butter.—lncluding stored 74/- to ' 77/-. ; Cheese. —White 47/- to 47/6, coloured ' 45/-. PEDIGREE JERSEYS GOOD PRICES REALISED By Telegraph—Press Association HAMILTON, September 13. In spite of the low quotations for butter-fat and the uncertain position : of the dairy industry, dairy farmers : from various parts of New Zealand reacted to the undoubted improvement in conditions at the twelfth annual national Jersey show sale at Claude- • lands, when the best sale for several years was recorded. There was a large and representative bench of buyers on both days of the sale. During the

two days more than 120 pedigree bulls were sold, realising an average of 32 guineas each. Top price was 155 guineas for a six-year-old bull Idaha’s Sunrise sold on account of Mr R. A. Lewis, of Pukekohe, and bought by Mr T. W. Narby, of Helensville. This bull was grand champion of the show held before the sale. An excellent price was secured for the champion yearling of the sale, Greencroft Achievement. Sold on account of Mr J. Bones, of Kaipaki, it was purchased for 137 guineas by Mr H. Rusk, of North Auckland. A yearling on account of Mr P. J. Petersen, of Waitara, was bought by Mr W. L. Dale, of Waihou, for 101 gns. RABBITSKIN SALE There was the usual attendance of buyers at the Dunedin rabbitskin sale on Tuesday, when a large catalogue was offered. Competition was keen for all grades, especially spotty grades for which there was a good demand. As compared with last sale all grades of Winter Bucks were firm, while Spotty and Outgoing Sorts advanced 2d per lb. The demand was not so keen for Does which were par to Id easier. Prices were as follow.—Small 4d; Runners 7id; Milky 93d to 133 d; Light Racks 12id; Prime Racks 12d; Dawny Autumns 131 d; 2nd Early Autumns 151 d; Early Autumns 161 d; 2nd Late Autumns 193 d; Late Autumns 26Jd; Autumn Does 13!d; Autumn Bucks 34d; 2nd Incomings 26d; Ist Incomings 40d; 2nd E. W. Does 193 d; 2nd E. W. Bucks 40d; Ist E. W. Bucks 52d; Ist E. W. Does 26d; Spotty Does 203 d; Spotty Bucks 51d; 2nd Winter Does 26d; 2nd Winter Bucks 643 d; Ist Winter Does 331 d; Ist Winter Bucks 73d; Prime Does 403 d; Prime Bucks 733 d; Outgoing Does 173 d; Outgoing Bucks 443 d; Spring Does 13id; Ist Spring Bucks 303 d; 2nd Spring Bucks 171 d; Late Autumn Blacks 8d; Incoming Blacks 12d; E. W. Blacks 16d; 2nd Winter Blacks 20d; Ist Winter Blacks 24d; Winter Fawns 24d; Outgoing Fawns lOd; Hareskins 4d to Bd.