COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 521, 2 August 1932, Page 8

COMMERCIAL.

Quotations on Stock Exchange. CHRISTCHURCH. Sales on ’Change. Commercial Bank of Aust. (cum diw), 13h 10d: Mount Lyell, 17s* 7d; King Solomon, Is 7id. Sales Reported. Gear Meat (late sale August 1), 32s Number of Shares. 100 Commercial Bank of Australia. 100 Mount Lyell. 250 King Solomon. 290 Gear Meat (late sale August 1).

Per Press Association. AUCKLAND, August 2. Sales on ’Change—Government bonds, 45 per cent, 1939, £96; 5i per cent, 1937, £9B 10s; 5J per cent, September. 1937, £101; Blackwater, 13s; Bank of Australasia, £9 10s. AUSTRALIAN WOOL. (“Star” Radio.) SYDNEY, August 2. The Sydney weekly wool summary states that the new season’s wool from New South Wales is now arriving on i the market in good quality; shearing being ahead of last year. The indications are that the New South Wales clip this season will be greater than last year. The clip so far indicates wool in lighter condition, sound and well grown. There is not the wool held over in London as in the two previous years, the report states. There is room for optimism. Very much higher pride levels are needed, however. The prospects have improved. There is a good French demand for fine wools. The roster for the opening sales commencing on August 29 provides for an offering of an average of 11,500 bales per day. TOBACCO LEAP. (Special to the “ Star.”) AUCKLAND, August 2. An order has been sent by a leading English firm of cigarette manufacturers for a trial shipment of 50<701b of the best New Zealand cigarette tobacco leaf for experimenting in turning out a new brand of high-grade English cigarette. Very reluctantly the New Zealand agents have had to reply that the order cannot be fulfilled, the reason being that the entire output of fine tobacco in the Dominion is absorbed under contract by locally operating concerns, leaving no surplus available for export. SUCCESS OP MEN ON THE KAWAEAU. Per Press Association. DUNEDIN, August 1. Last week’s activities have considerably augmented the total of gold won since the Kawarau dam was closed three weeks ago. Miners are not disclosing their results, but there are persistent rumours that one party, of two men, working in the vicinity of the Old Meg and Annie claim, secured lOOoz. Both are most reticent, but one declares that he will never forget the 1932 Kawarau closing. Others are meeting with varying success, a number of parties of two getting up to 1 Ooz for the week. Unfortunately the total won will never be known in the absence of proper control by the unemployed authorities. Okarito Wash-up.

The Okarito Five Mile Beach Gold Dredging Co. reports a wash-up of 33 ounces ldwt for 117 hours’ work.

AUCKLAND BUSINESS. (Special to the “ Star.”) AUCKLAND, August 2. Fair business was put through the Stock Exchange this morning, a feature being a further advance in Bank of New Zealands, which changed hands at £2 7s 6d. Subsequently holders withdrew to £2 Ss. Another instance of firmer values was noted in Waihis, which sold at 15s 9d, fivepence above the previous sale. Holders then stood out for 16s. New Zealand Insurances were quoted ex div., with buyers at £1 19s 3d and holders asking £2. In Government stocks, the recent easing in 4 i per cents was confirmed with a sale 5s lower, at £96. OTHER EXCHANGES. Per Press Association. DUNEDIN, August 2. Sales Reported.—Union Steam (pref.), 20s; Okarito, 9s; Government stock, 4£ per cent, 1939. £96. AUCKLAND, August 2. Sales.—Blackwater, 12s 6d; Waihi, 15s 9d; Bank of New Zealand, 47s 6d.

Following: are to-day’s quotations :— Buyers. Seller N.Z. GOVT. STOCK 4-i p.c. Inscr., 1938 93 12 6 95 1'5 4i p.c. Inscr., 1939 95 5& p.c. Inscr., 1937 98 ;>J p.c. Inscr., 193 6 98 10 5£ p.c. Bonds, 1936 98 52 p.c. Bonds, Sept., 1937 100 13 0 OTHER DEBENTURESPiako County 53 P.c., 1941 .... Eastbourne Bor-oug-h 52 P.c., Pleasant Point Borough, 52 p.c., 98 0 N.Z. Breweries (Bonds) .... 1 0 0 BANKS— Australasia .... 9 Comm. of Aust. (cum div.) .... 0 13 10 0 Comm of Aust. (pref. cum div.) 7 1 0 7 6 E., S. and A 4-w 1 6 National of A’asia (£10 paid) 11 1 0 11 9 0 National of A’asia (£5 paid) .... 3 0 National of New Zealand New South Wales (cum div.) 26 12 6 5 New Zealand .... 2 7 6 8 Union of Aust. . . 6 16 0 6 19 6 INSURANCE— National 0 12 6 New Zealand (ex 1 19 South British .... 13 3 2 6 Standard 2 1 DOAN AND AGENCY— Dalgety and Co. . 7 0 0 7 9 0 Goldsbrough Mort 1 1 10 2 0 N.Z. Guarantee Corporation 0 4 11 United Building Society 0 14 6 SHIPPING— P. and O. Deferred Stock .. 0 16 0 Union (pref.) 0 19 7 FROZEN MEAT— Canterbury (ord.) 0 0 0 0 Canterbury (pref.) 0 0 0 0 1 12 1 N.Z. Refrigerating (£1 paid) .... 0 11 9 0 12 1 N.Z. Refrigerating (10s paid) .... 0 4 0 8 North Canterbury Freezing ...... 0 3 6 0 17 6 COALGrey Valley .... 0 1 5 0 Westport 0 12 0 0 12 9 Stockton (pref.) . 0 0 7 0 1 Stockton (ord ) .. 0 0 0 0 S GAS— Auckland 1 0 6 1 1 3 Christchurch (cum div.) 1 5 1 1 6 3 Christchurch (10s paid, cum div.) 0 11 6 0 12 6 BREWERIES— Carlton 1 7 n New Zealand .... 1 *4 1 4 10 Staples ........ 1 3 6 Tooths 1 10 1 6 5 MISCELLANEOUSAustralian Glass . 1 13 9 1 16 6 Beath and Co. . . 0 19 0 " 1 1 0 British Tobacco . 1 8 0 1 8 4 Colonial Sugar . . 41 12 6 42 0 0 Dunlop Rubber . . 0 11 9 Electrolytic Zinc 0 11 0 0 12 0 Electrolytic Zinc (pref.) 1 0 9 Gordon and Gotch 3 4 1 7 0 Henry Jones Coop 1 7 9 Howard Smith 0 10 0 Mllburn Lime 1 4 0 Mount Lyel! .... 0 17 6 0 17 N.Z. Paper Mills . 1 0 0 Victoria Nyanza Sugar 0 17 6 Whitcombe and Tombs 9 6 Wilson’s Cement . 1 8 6 1 9 9 \V underlicli .... 1 6 Wunderlich (new, fully paid) .... 1 5 3 MINING— Alexander (contr.) 0 13 6 0 17 6 Cornish Point 0 0 H 0 4 52 0 4 8 Golden Point .... 0 0 6 0 0 64 Golden Sands (Is paid) 0 1 7 0 1 S King Solomon 0 1 7 0 Mahaltipawa .... 0 0 32 0 0 4 Ma hakipawa (pref.) 0 0 0 0 6 Gillespie's Beach . pa Okarito 0 s in 0 Waihi 0 15 Waihi Grand Junetion 0 0 Blackwater 0 13 0 0 13 8 0 4 9 Waitahu d disc. 1 1 disc.