COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 43, 20 February 1931, Page 8

COMMERCIAL.

LAMBS BRING RECORD PRICE AT HOKITIKA. (Special to the “Star.”) HOKITIKA, February 19. About 500 head of cattle, 225 sheep and four horses were offered at a sale at Kokatahi yesterday. The sale attracted a large attendance. The yardings consisted of prime stock and some attractive lines of stores. Competition was good throughout. In only a few instances were the offerings passed, vendors in most cases being ready to meet the market. A feature of the sale was the abnormal yarding of young cattle, principally calves. These showed a distinct advance in prices. Fat cattle realised prices equal to those ruling at Arahura. In the sheep section an excellent finished pen of nine lambs made 21s. These were from Mr P. S. Heslan’s fapn. The price, it is safe to say, is the highest this season for the Dominion. Horses were unsaleable.

MARKET FIRM AT SYDNEY WOOL SALE.

(United Press Assn.—By Electric Telegraph.—Copyright.) SYDNEY, February 19. At the wool sales to-day the offerings totalled 11,173 bales, of which 10,403 were sold, and also 2049 sold privately: The market continued firm with good competition, especially on Japanese account. Greasy merino made up to 23d.

STOCK EXCHANGE. CHRISTCHURCH. Following are to-day’s quotations:—

Sales on. ’Change.—British Tobacco, 27s sd; King Solomon, 2s (three parcels). Sales Reported.—Bank of New Zealand, 46s lOd (late sale February 19). Number of Shares. 200 Bank of N.Z. (late sale 19th). 100 British Tobacco 1000 King Solomon Mining. AUCKLAND BUSINESS. (Special to the “ Star.”) AUCKLAND, February 20. A feature of the business on the Exchange since the noon call yesterday has been the continued firmness in Bank of New Zealand shares, which changed hands at the 3.15 p.m. call at 46s 6d, and this morning at 46s 9d. with more wanted at the latest figure. Breweries are steady, and after another sale yesterday at 33s 6d there were still buyers at 33s 3d. The recent weakness in Government 45 per cent Stocks was confirmed with a sale this morning at the new low level of £93 . 10s. Buyers of Union Banks raised their offers Is to £6 6s arid for Standard Insurances to 40s. There has been fair interest in Moanataiari Mining as the result of reports from the mine and after sales yesterday at Is 6d and Is 7d holders stood out for Is lOd. King Solomons were also in request at Is 6d. OTHER EXCHANGES. Per Press Association. WELLLINGTON, February 20. SfMe Reported—4s per cent Government stock, £93 10s. _ Shareholders. Per Preps Association. •DUNEDIN; February- 20. The Dunedin Stock Exchange has convened a meeting for Tuesday of shareholders of the Bqnk of New South Wales with a view to passing a re&olur tjon urging the directors tQ reconsider the decision to pay dividends ip Australian currency. AUCKLAND. February 20. Sale on ’Change.—-Bank of New Zealand, 46s 9d. Sale» Reported.—Commercial Bank, 13» 3d; British Tobacco, 27s 3d; New Zealand Breweries, S3s 9d; Standard Insurance, 41s; Union Bank, £6 10s 6d; Inscribed Loan, 4 5 per cent (1938), £93 10s. DUNEDIN, February 20. Sale Reported.^—New Zealand Breweries, £1 18s 9d.

Buyer Sellers. N.Z. GOVT. STOCK3 d £ 3 d *'l P-c. Bonds, 1938 4J p.c. Bonds, 1959 5i p.c. Inscr., 1936 p.c. Inscr., 1952 5J p.c. Inscr., 1932 98 5i p.c. Inscr.. 1933 OTHER DEBENTURES VVaimakariri River Trust, 5J p.c., 1965 Waimakariri River Trust, 52 p.c., 1965 Oxford County, 52 p.c., 1961 Springs - Eliesmere Power, 52 p.c., 1937 (Bonds) N.Z. Refrigerating, , 61 p.c., 1935 . . Fullers’ Pictures, 61 p.c., 1949 .. ' 0 Australasia .... 8 10 Comm, of Aust. . . National of New Zealand New South Wales (cum div.) .... 25 New Zealapd .... 2 New Zealand (“D” Mort.) Union of Aust. .. 11 INSURANCE— National New Zealand .... 1 South British LOAN AND AGENCY— Dalgety and Co. . 6 2 Ooldsbrough Mort 0 17 1 N.Z. Guarantee Corporation 0 5 2 United Building Society FROZEN MEAT— N.Z. Refrigerating (£1 paid) 0 6 6 N.Z. Refrigerating ' (10s paid) .... WOOLLENSJvaiapoi (17s paid) « 6 7 GAS— • Christchurch .... Christchurch (10s paid) .-. 0 10 0 ■ ft 11 0 irRKTVEmfiS— '' “ 1 2 0 Fosters New .Zealand .... 1 13 3 Queensland ...... Staples 1 Timaru Timaru (5s paid) 0 4 3 0 4 Tooheys ft 12 6 0 16 Tooths MISCELLANEOUS— Beath and Co. . . 0 19 Beath and Co. (Is paid) . . . . 0 1 1 British Tobacco . 1 7 Broken Hill Pty. Dunlop Perdriau Rubber 0 7 Electrolytic Zinc (ord.) 0 7 6 Electrolytic Zinc (pref.) 0 14 Glenmore Brick and Tile ...... ft 19 ft Holden’s Motors . 0 10 6 0 Howard Smith . . 0 8 6 Mount LyelT .... ft 18 9 ft IS 11 N.Z. Drug Co. . . 2 9 0 2 10 6 N.Z. Farmers’ Coop. (1st pref.) . 2 10 0 N.Z. Farmers’ Coop. (“A” and “B” pref.) .... 1 10 0 NJZ. Farmers’ Coop. (6i p.c. stk.. 1945y 48 0 0 0 North Canterbury Co-op. Flour 0 10 0 0 13 6 Quill, Morris .... 0 5 9 0 9 0 Whitcombe and Tombs 2 13 0 Wilson’s Cement . 1 IS 0 2 ft 0 Wunderlich ....... ft 8 0 Imperial Tobacco . 5 b 0 MINING— Alexander 0 10 0 King Solomon ft 0 ft 2 1 Mahakipawa 0 0 7* 0 0 8 Okarito 0 5 b 0 5 11 Stoney Creek (7id paid) Wafhi 0 15 -4 16 0 Waihi Grand Junetipn .. . 0 2 1 Winding Creek (Is paid) 0 0 U 0 0 3 Winding Creek (9d paid) 0h North Broken Hill 2 2 6