COMMERCIAL.

Star (Christchurch), Issue 18889, 12 October 1929, Page 2

COMMERCIAL.

STOCK EXCHANGES. CHRISTCHURCH. Following arc the doain B quotations: Buyers. Sellers.

Sales on ’Change—Comm. Bank of Aust., 18s lOd (four parcels); Bank of New South Wales, £49 2s 6d; Goldsbrougli Mort, 45s 3d (three parcels), 45s 4d; New Zealand Refrigerating (10s paid), 6s (two parcels); Grey Valley Coal, 295; New Zealand Breweries, 89s 6d. Sales Reported.—National Bank of Australasia (£5 paid). £9 ss; New Zealand Refrigerating (10s paid), 6s; Grey Valley, 295. lfnmber of Shares. 500 Comm. Bank of Aust. 80 National Bank of Australasia (£5 paid). 4 Bank of New South Wales. 250 Goldsbrough Mort. 600 N.Z. Refrigerating (10s paid). 200 Grey Valley Coal. 25 New Zealand Breweries. OTHER EXCHANGES. Per Press Association. AUCKLAND, 1 October 32. Sales.—Auckland Gas, 24s 9d; Commercial Bank, 28s 9d; New Zealand Breweries (def.). 295; Bank of New South Wales, £49 ss; New Zealand Insurance, 46s 3d; Colonial Sugar, £54 ss; Refrigerating (con.), 6s. Additional sales at morning call.—National Insurance, 16s 8d; Union Bank (Melbourne register), £l4 14s 6d; New Zealand Farmers’ Co-op., 6J per cent, 1945, £94 10s. WELLINGTON, October 12. Sales Reported.—sJ per cent Inscribed Stock, 1933, £IOO 2s 6d; 51 per cent Inscribed Stock, 1930, £101; English, Scottish and Australian Bank, £7 IDs; Bank of New Zealand, 60s 3d; National Bank of Australasia (£5 shares). £9 3s 6d; Bank of New South Wales, £49 6s; Wellington Woollen (pref.), £6 15h; Staples and Co., 545; Colonial Sugar £54 7s 6d; Wilson’s Cement, 42s 6d (three lots): New Zealand Breweries, 89s 3d; English, Scottish and Australian Bank, £7 19s 6d. On ’Change.—Bank of New Zealand, 10s Sd. DUNEDIN, October 12. Sa.les Reported.—National Bank, £6 11s Gd; Kildare, 3s.

WANTS TO PUT WOOL INDUSTRY ON FEET.

<. United Press Assn.—By Electric Telegraph—Copyright.) (Received October 12, 8.40 a.m.) BRISBANE. October 12. During the discussion upon the Estimates in the Legislative Assembly, the Premier, -Mr A. E. Moore, to the serious position of the wool iir-lus-try. He expressed the hope that an Empire-wide marketing scheme for wool would be evolved, bringing in Australia, South Africa and New Zealand. He recognised that no scheme of organised marketing could be forced on Australi .1 pastoralists, but he was now in communication with Graziers’ Arsociations throughout the Commonwealth and the Federal Ministry, suggesting that this problem should be taken up without delay in order to try to put the wool industry on its feet again.—Australian Press Association.

STERLING RISES ABOVE PAR IN NEW YORK

(United Press Assn.—By Electric Telegraph—Copyright.) (Received October 12, 8.55 a.m.) NEW YORK, October 11. The return of English funds from the money market, now that cheap money is ruling here, and possibly the sentimental effect of Mr MacDonald’s visit, were all factors in putting sterling above par for the first time since July, 1928.—Australian Press Association.

BOARD OF TRADE RETURNS PUBLISHED. (United Press Assn.—By Electric Telegraph—Copyright.) (Received October 12, 10.30 a.m.) LONDON, October 11. Board of Trade returns are as follows: Imports increased by £10.690,000. Exports decreased by £1,515,000. Re-exports decreased by £119,000. The principal increases were:— Imports. Grain and flour £2,620,000 Non-dutiable food and drink 922,000 Wood and timber 1,446,000 Rubber . 1,153,000 Exports. Coal £1,148,000 The principal decreases were:— Exports. Cotton yarns and manufactures £1.642,000 Vehicles 1,352,000 —Australian Press Association. WHEAT. (United Press Assn.— By Electric Telegraph—Copyright.) (Received October 12, 11.30 a.m.) NEW YORK, October 11. Chicago wheat quotations are:—December, 135|} cents a bushel; March, 1421 cents; May, 1464 cents.—Australian Press Association—United Service. DIVIDEND AT 8 PER CENT. Per Press Association. HAMILTON, October 12. At the annual meeting of the Farmers’ Co-operative Auctioneering Company a dividend of S per cent, was approved. The turnover was £3.0t6,1£l and the net profit £51,069, showing an increase of £10,003. High tributes were paid to the retiring chairman (Mr IT. »S. Hawkins) and the vice-chairman (Mr J. Barugh). Neither sought re-election. Messrs A. E. Manning and J. S. Reid were elected to the directorate.

£ a X.Z. GOVT. DEBENTUREi d. — £ s. <1. 5j p.o. Inscr.. 1941 99 in B 5i p.c. Inscr., 1933 101 10 6 101 7 6 5i p.c. Bonds, 1936 101 10 6 101 15 0 OTHER DEBENTURES— ib (bonds) 1 9 0 1 9 5 Fullers Pictures, in N.Z. J Refrigerating 6J p.c., 1935 .. Stockton m Coal, 62 97 10 ni) BANKS-— Aust. of Commerce 13 * Comm. d£ Sydney 12 0 24 16 *0 tralasia (£5^jd.) 9 3 0 9 4 ’ 6 New Zealand . . • • 3 0 2 3 0 4 New Zealand (' D INSURANCE— New Zealand . • • • 9 6 15 10 10 7 0 LOAN AND' AUENCX— n Dalgety and Co. . Goldsbrough, Mort National Mortgage 0 4 6 0 Corp. (ex div.) 0 9 0 0 9 3 United Building r n 16 n SHIPPING— _ Stock 2 17 0 3 1 0 FROZEN MEAT— n 0 Canterbury (pref.) ? 4 18 6 N.Z. Refrigerating (£1 paid) N.Z. Refrigerating (10s paid) .... North Canterbury Freezing WOOLLENS— Kaiapoi (7s pd.) . Kaiapoi (prof.) ... Wellington (ord.) Wellington (pref.) 0 1° ft n n ft F 10 n in n ? in 3 0 13 5 0 15 17 6 14 6 COAL — 1 1 1 F n Stockton (ord.) .. 0 3 0 0 3 S Grey Valley .... 1 8 a 1 9 0 Ashburton Christchurch (103 5 10 0 BREWERIES— 6 4 3 Mon tenth's 3 8 0 3 1 1 8 o o o 14 2 0 Timaru (6s paid) . 0 8 9 Tnntli'q o 2 11 10 0 White Star 0 5 0 0 8 5 MISCELLANEOUS— tilleries . 0 19 0 (Is paid) . 7 n 0 9 6 Broken Hill Prop. n 1 9 3 Dunlop Rubber (cum div.) .... Electrolytic Zinc 6 f 1 Electrolytic Zinc ? Holden’s Motors Jlume Piixe .... Milburn Lime Mount Lyell .... N.Z. Drug Co. _.. 1 0 u 11 i 14 0 1 18 o 3 14 6 3 16 0 op. (£2 10s p^J.) 1 0 0 op. (1st pref.) N.Z. Farmers’ Coop. (10s paid) . 0 1 6 4 19 0 t op. (“ A " pre^f.) 3 6 0 (op (“ B ” pref.) S 5 0 S 7 0 op. <6i per cent stock, 1940) N.Z. Farmers’ Coop (6J p.c., 1945) N.Z. Farmers’ Fer94 94 10 10 0 0 95 10 0 1 „ N.Z. Paper Mills . N.Z. Sugar of Milk (pref.) .. Quill, Morris .... Taranaki Oil ... 1 0 0 1 0 4 0 17 6 0 4 9 0 5 2 Wunderlich . ..^ 2 2 0 “Weekly Times’* 5 5 0 5 12 6 Kawarau Mahakipawa .... 0 0 0 0 4 22 0 0 0 0 S 3 Waihi (cum dir.) Winding Creek (1» paid) ... (prem.) 0 14 0 0 1 6 0 1 8 (6d paid) .... 0 1 3 0 1 61 paid) 0 0 in • 2 0