COMMERCIAL.

Star (Christchurch), Issue 18674, 31 January 1929, Page 10

COMMERCIAL.

LONDON WOOL SALES. (United Press Assn. —By Electric Telegraph—Copyright). (Received January 31, 1 p.m.) LONDON, January 31. At the wool sales, 7136 bales were offered, of which Australia contributed 5773, and New Zealand 1140. Prices closed below best rates owing to reports of an easier market in Melbourne and Continental buyers having satisfied requirements. Merinos and best greasy generally maintained opening r a tes. Ordinary topmaking wools declined by five per cent as compared with December rates. Scoured merinos were in large supply and closed five per cent down. Cross breds—Of fine wools there was not a sufficient supply to test the market. Medium and lower sorts were five per cent below the strong opening rates. Scoureds and slipes were in good demand at opening rates.—Australian Press Association. STOCK EXCHANGE.

CHRISTCHURCH. Following are to-day's quotations:—

Sales on 'Change—Aust. Bank <r>f Commerce, 34s sd: New Zealand Insurance. 47s 6d; New Zealand Breweries, 58a. 57s lid: Tooths Brewery, 53s 2d (two parcels); British Tobacco, 49s Sd (two parcels). Sales reported—New Zealand Insurance, 47s 6d. SALE REPORT. Jones, MeCrostie Co., Ltd., report that following on the auction sale of the sections in the boulevard subdivision, Avonside (in conjunction with Messrs T’yne, Gould, Guinness, Ltd.), they sold several privately. Out of the forty sections there are only nine left, which are now for private sale. G SHEEPSKINS BALI. Messrs Pyne, Gould, Guinness, Ltd., have received the following cablegram

from London, dated January 30:— •‘The sheepskins sale opened to a full attendance of buyers, with excellent competition. America was operating. As compared with last sale, cross-breds and all qualities of full wool were from par to 5 per cent higher, half to threequarter wool fully 6 per cent, short shorn 5 per cent to 10 per cent." WHEAT KAIKIT. (United Press Assn.—By Electric Telegraph—Copyright). (Received January 31, 1 p.m.) LONDON, January 30. Despite American weakness, wheat cargoes are steady and prices unchanged. Quotations for Liverpool futures are:—March 9s 2|d, May 9s 34d July 9s s|d. —Australian Press Associa-tion—-United Service. -nsßocia-

Buyers. Sellers. t B. L £ S. d. N.Z. GOVT. STOCK— 44 p.c. Inscr., 1938 99 12 6 99 17 6 44 p.c 4 Inscr., 1939 44 p.c. Bonds, 1930 SO 12 6 99 15 0 4| p.c. Bonds, 1938 44 p.c. Bonds, 1941 99 10 0 5i p.c. Inscr., 1941 99 5 0 99 15 0 64 p.c. Inscr., 1933 54 p.c. Inscr. and 101 7 6 Bonds, 1936 101 10 0 OTHER DEBENTURES— Tolaga Bay 6 per cent, 1944 .... Tolaga Bay 6 per 102 15 0 104 • 0 cent, 1948 .... New Plymouth 104 0 0 Borough 5 per 98 10 N.Z. # Breweries, Glaxo, 61 p.c., 1845 N.Z. Refrigefat91 10 0 in*\ 64 p.c., 1935 100 0 0 101 0 0 BANKSAdelaide 10 0 6 10 2 0 1 14 4 1 5 Australasia .... Comm. of Aust. 14 15 0 14 19 0 (cum div., ex - 10 2 Comm, of Sydney 27 7 6 E., S. and A Natl, of Austral8 17 0 8 18 asia (£10 paid) 19 2 asia (£5 paid) . 9 11 6 9 12 9 Natl, of N.Z 7 4 0 51 12 6 New Zealand .... New Zealand 3 2 6 3 2 (“D” mortgage) Queensland Na12 15 (ex div.) 10 (rights) .... INSURANCE — Mercantile Mutual 11 13 2 7 Queensland .... 3 5 0 3 6 0 South British 5 LOAN AND AGENCY — 15 Dalgety and Co. . Goldsbrough, Mort 15 2 11 3 National MortMercantile (ord stock) 122 0 0 128 0 0 Wright, Stephenson and Co. Wright StephenUnited Building . SHIPPING — 0 16 6 0 16 11 9 Devonport Perry 2 3 3 Huddart-Parker . 0 3 Union (pref.) .. FROZEN MEAT— 9 9 Canterbury (ord.) Canterbury (pref.) N.Z. Refrigerating (£1 paid, cum 6 0 18 0 N.Z. Refrigerating 11 (pref.. cum div.) WOOLLENS — x 0 13 10 0 14 3 4 Kaiapoi (pref.) .. 15 16 COAL1 10 0 Stockton (ord.) .. 0 3 4 0 3 6 Stockton (pref.) . GAS — 5 7 0 5 8 0 (cum div.) Christchurch 6 (10s pd., cum 13 Austrsflian GasTimaru (cum 1 5 6 BREWERIES — 2 12 2 0 New Zealand .... 2 17 11 2 18 0 16 3 Timaru (new, 5s 8 0 8 10 1 14 0 3 2 13 6 White Star .... 0 14 0 0 15 10 Queensland .... 1 11 3 1 15 0 CEMENTS — miscellaneous — 8 Australian Distil1 4 6 Death and Co., 7 9 0 7 10 British Tobacco . 2 9 3 2 2 9 8 6 0 Colonial Sugar . . D.I.C. (10s paid) 1 0 6 IU 1 Dominion Rubber Electrolytic Zinc (ord., cum div.) 1 15 9 1 16 6 Electrolytic Zinc 10 1 17 6 Dunlop Rubber . . Greater Crystal 1 6 2 1 6 9 Henry Jones, Co1 18 5 Holden’s Motors . Mason, Struthers 1 9 17 9 1 10 19 0 (£1 paid) .... 13 14 N.Z. Drug Co. . . N.Z. Farmers' Co3 op. (£2 10s pd.) op. (10s paid) . 0 9 op. (first pref.) N Z. Farmers' Coop (“ A ” pref.) 14 M 7. Farmers Co6 N Z Farmers’ Coop. (Si p c. Stic.. S9 95 N 7 Farmers’ Coop. (64 P-c- stk., 89 93 N Z. Farmers’ FerN 7, Guarantee Corporation 0 8 7 0 8 8 N.Z. Paper Mills . Quill Morris .... « 0 17 6 Taranaki Oil .... 0 3 6 0 7 United Pictures . Whiteombe and 1 19 6 Mount Lyell 10 2 2 3 Wunderlich .... Evans Atlas Flour Eclipse Petrol (£1 13 16 0 Eclipse Petrol (15s mining— Mahakipawa Walhi