COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 201, 25 August 1931, Page 8

COMMERCIAL.

Quotations on Stock Exchange. CHRISTCHURCH. Following are to-day’s quotations:

Golden Dawn .... 0 5 3 0 5 8 Sales on ’Change—Commercial Bank of Australia. 13s 4d; New Zealand Refrigerating (10s paid), 3s 7d (three parcels); Mount Lyell, 16s 9d; King Solomon, 2s 10d: Mahakipawa, 8d (four parcels); Okarito, 9s 9d (two parcels); Golden Point (Is paid), Is 3Jd (three parcels). Sales Reported—New Zealand Guarantee Corporation, 4s lOd (three parcels). Number of Shares. 200 Commercial Bank of Australia. 600 N.Z. Guarantee Corporation. 500 N.Z. Refrigerating (10s paid). 100 Mount Lyell. 200 King Solomon. 1800 Mahakipawa Goldfields. 200 Okarito Mining. 1500 Golden Point (Is paid). AUCKLAND BUSINESS. (Special to the “ Star.”) AUCKLAND, August 25. There has been unusual activity on the Stock Exchange for the early part of the week. The chief feature of the business transacted has been the definite Tax frees changed hands at £9B.* More were available at the same figure, but, in the light of a Christchurch sale yesterday at £97, there were no declarations from buyers. For taxable scrip,

si’s were lower, £9B 5s being: the higher* bid for 1933*8; £99 for 1936'5, and £99 10s for 1937'5. A parcel of 1937** were on offer at par, and Inscribed 5s lower. New Zealand Insurance changed hands at 37s 6d, but, after the sale, holders asked 38s 6d. In the bank section, there was a fair demand at recent rates, but Nationals were easier with sellers -at 755. There was less demand for Breweries, the highest bidder stopping at 28s 9d. Dalgetys were asked for at 125 a. OTHER SZCHAHOBS. Per Press Association. DUNEDIN, August 25. Reported.—New Zealand Paper Mills, 18s 3d. _ , AUCKLAND, August 25. Sales.—King Solomon, 2s 10d; NZ jQ°o a, J'n l93 lT < ? i per eent >. £ " 12* « and £99 10s;; Union Bank, £6 7s 6d o^ Sa Lt s Re l >or *ed.—Auckland Gas. 23s 3d; New Zealand Insurance. 37s fid Bank of New Zealand, 46s 3d. ASHBURTON STOCK SALE. (Special to the •* Star.”) ASHBURTON. August 25. There was a limited entry and a smaller attendance than usual at the Ashburton stock sale to-day, due to steady rain. Prices for ewes showed an easing tendency compared with the Tinwald sale last ■week, but wethers were slightly better. Some good quality ewes were yarded, the best, sold on account of Mr P. Lysaght, of Fairton. realising 18s 7d. Mr O. H. Li 11, of Willowby, topped the wether market at 19s 4d. Up to midday extra prime heavyweight ewes averaged from 17s 4d to 18s 7d, and prime 15s Id to 16s lOd. Extra prime heavy-weight wethers brought from 18s 7d to 19s 4d, and prime sorts from 16s 4d to 18s Id. WHEAT. LONDON REPORT. United Press Assn.—By Electric Telegraph—Copyright. (Received August 25, 12.85 p.m.) LONDON, August 24. Cargoes are steady. Pracels are 3d down. Futures are quoted as follows: London—September 17s 6d, December 18s 3d, February 18s lid per quarter. Liverpool—October 3s Hid, December 4s Id, March 4s 3Jd, May 4s 6id per cental. BRADFORD MARKET. ( (Received August 25. 9.25 a.m.) BERLIN. August 24. On the Bradford top market there was little business. There was a fair inquiry for tops, but these were usually 1 below sellers' ideas.

Buyers. Sellers. £ d. £ d. N.Z. GOVT. STOCK41 p.c. Inscr., 1938 96 0 0 97 7 41 p.c. Bonds, 1939 96 0 0 51 p.c. Inscr., 1933 99 5 0 51 p.c. Inscr., 1937 99 10 51 p.c. Bonds, 193 7 98 5 0 99 10 0 OTHER DEBENTURES Nth. Canty. Hospital 53 p.c., 1940 100 10 Christchurch City 51 p.c., ID46 97 0 0 101 Dunedin City 6 p.c., 1934 100 0 0 100 10 0 BANKS— Australasia .... 8 9 0 Comm, of Aust. . . 0 13 0 13 National of N.Z. 3 5 0 3 14 0 New South Wales (cum div.) .... 23 10 0 New Zealand .... 2 2 6 2 6 Union of Aust. . . 6 6 6 6 8 0 INSURANCE— Mercantile Mutual 0 6 0 0 11 0 National 0 13 South British 10 0 Standard (cum div.) 1 16 6 LOAN AND AGENCY— Dalgety and Co. . 6 0 6 9 Goldsbrough Mort 0 18 7 0 19 N.Z. Guarantee Corporation . 0 4 8 0 SHIPPING— Union (pref.) 1 0 9 FROZEN MEAT— N.Z. Refrigerating (£1 paid) .... 0 9 N.Z. Refrigerating (10s paid) .... 0 3 4 0 3 WOOLLENS— Kaiapoi (17s pd.) 0 7 0 COAL Grey Valley .... 0 16 Westport 1 Stockton (pref.) . GAS— Christchurch .... 1 4 6 Christchurch (10s paid) 0 7 BREWERIES— New Zealand .... 1 8 9 1 9 4 Tooths 0 16 7 0 17 2 Crown (in liquidation) 0 4 0 0 MISCELLANEOUSAustralian Glass . 1 1 0 0 Beath and Co. (Is paid) 0 2 2 0 Beath and Co. 0 19 6 1 0 6 British Tobacco . . 1 3 8 Burns l’hilp .... 1 9 Colonial Sugar . . 33 0 Dunlop Perdriau Rubber 0 4 9 0 Howard Smith 0 7 6 Mount Lyell .... 0 16 8 0 16 N.Z. Farmers’ Coop. (61 per cent Stoc-k, 1945) 50 0 N.Z. Paper Mills . 0 16 0 Victoria Nyanza Sugar 1 0 0 Whitcombe and Tombs 11 0 Wilson’s Cement . 1 15 0 1 Wool worths (N.Z.) 1 3 6 1 Moturoa Oil .... 0 3 6 MINING — 0 0 0 0 King Solomon 0 0 2 10J Mahakipawa .... 0 0 7. 0 8 0 0 9 0 Okarito 0 9 8 0 Waihi Grand June0 3 8 0 3 Golden Point (Is paid) 0 1 3 0 31 Golden Point (101d paid) 0 1 1 0 1 31