COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 146, 22 June 1931, Page 8

COMMERCIAL.

SITUATION IN THE WOOL MARKETS UNCHANGED (United Press Assn.—By Electric Telegraph—Copyright.) (Received June 22, 8.45 a.m.) LONDON, June 21. Mr W. Devereux, representative of tha Woolgrowers’ Council, reports that tha general situation in most cf the wool markets is unchanged. There is some inquiry for Merino tops in Yorkshire, although there is little business, any new transactions being on a slightly lower basis. The position of cross-bred tops and Merino and cross-bred yarn is unchanged. Quotations are somewhat lower. The possibility of trouble in connection with the proposals for lowering wages is prominent in the minds of all engaged in the trade. The Bradford and French textile strike continues, and business is largely at a standstill. Stocks of tops are being reduced, but raw wool is accumulating. It remains to be seen to what extent the operatives will avail themselves of the opportunity to return to work when the) mills reopen on June 22. STOCK EXCHANGE. CHRISTCHURCH.

Sales on ’Change—Goldsbrough Morfc (cum div.), 19s sd; King Solomon, 3s Id, 3s 3d, 3s 4d, 3s 5d (four parcels), 3s 4d. 3s 3d (two parcels); Waihf, 15s 3d; Gol<« den Point (10Ld paid), Is Sd. Number of Shares.. 100 Goldsbrough Mort div.) ISOO King Solomon Mining 100 Waihi Gold Mining 200 Golden Point (IOJd paid).

Following arc to-day’s quotations: Buyers. Sellers* £ s d. £ N.Z. GOVT. STOCK51 p.c. Inscr, 1032 5i p.c. Inscr, 1933 99 12 6 100 0 0 5i p.c. Bonds, 1933 OTHER DEBENTURES — Christchurch City 52 p.c.. 99 10 North Canterbury Hospital, 52 p.c. f 1940 99 10 Of North Canterbury Hospital, 5i p.c., 1932 99 15 <* BANKS— Australasia .... !) 0 0 Comm. of Aust. 0 13 11 * 5 7 0 5 E., S. and A. . . . . 3 1C 6 3 4 12 6 New South Wales 24 ft ft 24 15 New Zealand .... New Zealand (“D” 2 C 2 5 1 6 11* Union of Aust. . . INSURANCE — 7 9 0 ‘ A.P.A Mercantile Mu0 4 3 i tual 0 National ft 12 9 0 13 1' South British 2 10 LOAN AND AGENCY — j Christchurch Building Society 11 12 6 12 3 Dalgety and Co. . Goldsbrough Mort 5 16 C 6 1 (cum div.) .... 0 19 4 0 Mutual Benefit . . National Mortgage (cum div.) .... 2 0 0 11 15 a poration 0 4 10 0 5 * SHIPPING— Huddart Parker Union (pref.) .... FROZEN MEAT— 0 19 9 N.Z. Refrigerating (£1 paid) N.Z. Refrigerating 0 11 0 0 11 « (10s paid) .... 0 3 ft WOOLLENS— Kalapol (17s pd.) COAL — Grey Valley .... GAS— 0 6 6 0 17 i ft Auckland 1 3 * Christchurch .... Christchurch (10s 1 4 10 1 5 a paid) 0 11 6 0 12 * BREWERIES— New Zealand .... 1 12 9 1 13 *: Staples Timaru (5s paid) . 1 11 6 0 6 c Tooheys 0 15 0 Tooths MISCELLANEOUS— 0 17 0 0 18 9! Amalgamated Wireless (contr.) 0 10 0 Beath and Co. Beath and Co. (Is 1 1 0 1 2 9 paid) 0 1 3 0 m British Tobacco (cum div.) .... Greater Crystal 1 3 3 1 0 Palace 0 12 c Kauri Timber Mount Lyell (cum 0 6 6 1 div.) N.Z. Farmers’ Co0 1C 10 0 17 of op. (-6J p.c. Stk., 1940) 51 10 0 54 0 9 N.Z. Farmers’ Coop. (6J p.c. Stk., 1945) 51 0 0 ! Quill Morris .... 0 8 9 Wilson's Cement . 1 17 n Wunderlich .... Wool worths (N.Z.), 0 1 6 0 7 9 (pref.) 1 2 0 1 5 9 MINING— Cornish Point ft 0 8 0 0 HI King Solomon 0 3 3 0 3 4 Mahakipawa 0 ft 7 4 0 ft 8 Mahakipawa (pref) 0 0 8 0 0 LO Okarito 0 8 f. 0 8 LU Waihi Waihi Grand June0 15 3 0 15 4 tion 0 3 1 Golden Point (10s paid) Golden Point (10£d 0 15 3 0 17 9 paid) 0 1 8 0 1 a