COMMERCIAL.

Star (Christchurch), Issue 19242, 2 December 1930, Page 3

COMMERCIAL.

STEADY COMPETITION AT THE WOOL SALES. « United Press Assn.—By Electrh Telegraph.—Copyright.) (Received December 2, noon.) LONDON, December 3. At the wool sales 8769 bales were offered, including 1930 bales of New Zealand wool. About 7290 bales were sold. There was steady competition, all sections operating. Prices were maintained. New Zealand lots sold as follows:—Greasy half-breds, Riverina (9id top price), Sd average; Glenaray (Bid), n Bradford tops market is dull and mactiv e, with quotations unchanged. STOCK EXCHANGE. CHRISTCHURCH. Poliowing are to-day’s quotations:— Buyers. Sellers.

Sales on 'Change.—Bank of New Zealand, 52s 6d; Tooths Brewery, 245; British Tobacco, 31s Id, 31s; Mt Lyell (cum div.), 19s lOd, 19s 9d. Sales Reported.—Bank of New Zealand (late sale, December 1), cum div., 53s 6d; Carlton Brewery, 245; Bank of New Zealand, 52s 6d: National of Australasia (£5 paid), £5 6s. Number of Shares. 200 Bank of New 2?ealand (cum div.). 100 Bank of New Zealand (cum div.), late sale, December 1. 100 Carlton Brewery. 100 Tooths Brewery 200 British Tobacco. 200 Mt Lyell (cum div.). 75 National of Australasia (£3 paid). OTHER EXCHANGES. Per Press Association WELLINGTON, December 2. Kale reported—Auckland Gas, 23s 4d; New Zealand Breweries, 42s 6d. AUCKLAND. December 2. _ Sales—Bank of New Zealand, E2s 03, Sale reported—Waihi, 13s lOd.

AUCKLAND BUSINESS

(Special to the “ Star.*’) AUCKLAND, December 2. A fair list of sales was put through on the .Stock Exchange yesterday afternoon, but this morning the only scrip dealt in was that of the Bank of New Zealand. For theste there has been a pronounced selling pressure since the wool sale opened with prices at a low level. A sale was made in Wellington yesterday down to £2 12s, but the lowest local sale has been at £2 12s 9d. At this morning’s call there was a general weakness in the banking section. For Commercials the highest offer was 15s 6d, for English and Scottish £4 17s 6d, and for New Zealand Nationals £5. New Zealand Insurances were a little easier, with sellers at £2 2s 9d. For "Westport Coal £1 6s was offei'ed. Sandford preference shares were offered 3d cheaper, at ISs 9d.

N.z. GOVT. STOCKp.c. Inscr., 193S £ d £ s d and 1039 . . . 5$ p.c. Inscr., 3 933 55 p.c. Inscr., 1933 0 9S 10 0 5 5 p.c. Bonds, 1933 100 0 OTHER DEBENTURES bpnngs-Ellesniere Power, 55 p.c 1935 ... n Makerua Drainage, 6 p.c., 1946 Auckland Harbour, 102 0 0 5 p.c., 1935 .... Banks Peninsula, 96 0 0 6 P.C., 195S 101 10 BANKS— Australasia Comm, of Aust. .. Comm. of Aust. 0 16 0 0 16 3 (pref.) Comm, of Sydney 16 0 E.S. and A 4 15 6 5 0 0 <£10 paid) .... Natl. of A’asia 10 0 0 (£» paid) Natl, of New Zea5 5 0 5 8 0 land (cum dlv.) 0 New South Wales New Zealand (cum 27 17 6 29 12 6 <3iv.) 12 13 Union of Aust. .. INSURANCE— 2 6 9 10 0 0 Standard United 10 LOAN AND AGENCY— Dal gety and Co. . Goldsbrough, Mort 7 10 0 S 0 0 (cum div.) .... N.Z. Guarantee 1 1 0 1 1 9 Corporation .... 0 FROZEN MEAT— Gear N.Z. Refrigerating1 15 0 (£1 paid) N.Z. Refrigerating 0 8 6 (10s paid) .... North Canterbury 0 2 1 0 2 11 Freezing ...... 0 COAL— Grey Valley (cum div.) 0 19 Stockton, (pref.) . GAS— 0 2 3 Christchurch (10s paid) .... BREWERIES— Carlton 1 4 0 Mon tilths New Zealand (cum 0 19 0 div.) Staples 2 2 7 Tooheys Tooths MISCELLANEOUS— 1 4 0 1 4 Australian Glass (ex div.) Beath and Co. Beath and Co. (Is 1 5 paid) British Tobacco . . Colonial Sugar Dunlop Perdriau 30 0 0 32 0 0 Rubber 11 Electrolytic Zinc (pref.) 0 Holden’s Motors . s Howard Smith Mount Lyell (cum 0 14 0 div.) 0 19 N.Z. Drug Co. . . N.Z. Farmers’ Co3 1 6 op. (first pref.) N.Z. Farmers’ Co3 10 0 op. (“B” preC.) N.Z. Farmers’ Co2 5 0 op. (6£ per cent stock, 1940) r--N.Z. Farmers' Coop. (65 per cent stock, 1945) 10 0 N.Z. Farmers’ Fer tiliser Quill, Morris .... Taranaki Oil .... 0 United Pictures . Wilson’s Cement . Gordon and Gotch 0 If) 6 A Evans Atlas Flour M ENING— 1 S 0 Cornish Point Kawarau King Solomon .... 0 0 0 Mahakipawa 0 0 0 0 9 Okarito 0 5 0 6 0 paid) Winding Creek (Is 0 0 2 paid) Winding Creek (6d 0 0 2 0 0 6 paid) 0 0 05 0 0 2