CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXI, Issue 18425, 4 July 1925, Page 10

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. 6i!es repcued: Sales on 'ChMgc: Bank of X*w South TTalcs, £4l 10s; Tiranaii Oilfield*. 20s; Gol-isbrc.-jg-b. Mori (cum rlshvs;. 455. 45s Sd (3 parcels' 1 . LATEST QUOTATIONS.

i OTHER EXCHANGES. (rHISS ASSOCIATION TrtLIQRAKS.} ■WELLINGTON. July 3. Govt. Loan Inscribed, 1938, £97; Wellington Gas Debentures, £lO2 10s; Bank of New South 'Wales', £4l 10s; Napier Gas, ill. DUNEDrTT, July 3. Sa.'es—New Zealand Insurance, 34s 6d; New Zealand Drug Co., 655; lit. Lyell,' 20s Cd. Sales Reported—New Zealand Bre-weries, Ltd., 22s (two); Dominion Rubber, 345. BRADFORD TOPS MARKET. (Received Julv 3rd, 5.3 v.m.) ; " LONDON, July 3. There is a, rather tetter fooling amongst Bradford topmakers. Quotations are firm, but business is limited.. METALS. (austhaliax axd x.z. cable association.) LONDON. July 2. Tin stocks total 19,535 tons. On spot 1411 tons, afloat 1670 tons, and deliveries during June 2252 tons. (Received July 3rd, 10.30 p.m.) LONDON, July 2. Copper—£6o 8s 9d ; lead, spct £33 6s 6d, forward £32 13s 9d: spelter, spot £34 6s 3d, forward, £33 13s 9d; tin, spot £252 17s Gd, forward £255 2s 6d; silver, standard 3id per oz, fine 34 9-16 i per oz. i CEREALS. (Received Jnly 3rd. 8.55 p.m.) LONDON, July 2. ■Wheat—Cargoes are depressed and Is to 2s per quarter lower on account of American ■weakness, »lso_ to reports of financial difficulties in Europe. Parcels arc dull, and Is per quarter cheaper. Liverpool futures are quoted as under:—July 10s lljd per cental; October 10s 3jjd: December 10s Old. The spot trade is quiet. Australian ei-ship is quoted at 57s (id per quarter. Flour.—The market is dull. Australian exstore is quoted at 42s 6d per quarter. Oats —The market is easier. Peas and Beans—The market is inactive. I CHICAGO WHEAT MARKET. | NEW YORK. July 2. Chicago wheat quotations are: —July, 143J cents: September, 140 cents; December, 141 i cents per bushel. FROZEN MEAT MARKET. Dalgciy and Company, Ltd., ha%e received the following cablegram from thair London office, dated July 2nd:-—• ''Frozen lamb. —Demand for New 3;aland lamb runs principally on light weights. Market weaker. Wo quote prime crossbred lamb Canterbury, beavy 92d, light ll?d, :North Island heavy o*d. light 11 a-sd. "Frozen mutton.—Demand runs principally on light weights. Market weak. Transactions small. We quote prime crossbred mutton, Canterbury heavy 6d, light 7 7-Sd, NorthIsland heavy SJd, light. 7Jd. "Frozen beef.—Demand for Xew Zealand beef is fair. Market dull, but sellers are firm. Wo quote New Zealand prime vx beef hinds sd, fores 3d." TALLOW. Daljet- and Company. Limited havo received ibe fol'owing cablegram from their • London office, dated July Ist, 1925; '•Tallow-. —At the -vvecklv auction 7°5 casks tallow were offered, and 185 sold. The market has a declining tendency, though: prices are nominally unchanged " ] The New Zealand Loan and Mercantile I Agency Co.. Ltd., have received the following cablegram from London, under date Ist '■' Tallow—We quote present spot values for the following descriptions: Fine mutton 46s per cvt sood b»ef 4 JS 3d por , ed •10s jjcr cw>. Market inactive"

BANK OF ENGLAND RETURNS. (it cablx—pbiss association—copnuaHT.) (iUSTEALIAK AK> H.Z. CAKJB ASSOCtITIdH.) LONDON, July 2. Following ara the Bank of England returns for tho wee!; ended July Ist, compared with, the previcus week: — • .Tunn 25. .Tnlv 1.

FOREIGN EXCHANGE RATES. LONDON, July 2. The exchange rates are:

GOVERNMENT SECURITIES. • • LONDON. July 3. The following are the latest, quotations far Gorcrmoeiifc securities:— . .

Lut Week. Laa t Y cmr. Buyer s. Selkn i. Buyers. Seller* 3. Buye: rs. Sellers. .C 6 d £ 6 d £ s d £ e d £ 8 d £ B 3. N.Z. GOVT. DEBE.XTUJ !IES— 4j per cent. Inscribed 1333 9G 17 G 07 5 0 — — 4; per cent. Inscribed, 1339 36 17 G —r — 97 0 0 97 0 0 o per coat-. BcnoU, ja-27 OS 0 o — — 93 0 0 - 5; per cent. Inscribed, and Bonds, 1933 .. 101 7 6 — 101 7 6 101 12 s 101 10 0 CTHEP. DEEEXTCRES- - Ciiristehureh Tramways. 6j per c-en?. 97 10 .., _ 37 15 0 — - - Clrristchurch Drainage, 5 A per cent. OS 0 0 98 0 0 — Christcuureh. City, CZ; — — — per cent. .. 1 04 0 0 " South Canterbury Electric, 52 per cent. .. — 101 o 0 — New Plymouth Borough, 5J per cent. OS 0 0 — !>5 0 0 - - X.2. Breweries, 10 per cent. Stock 1 1 s . — """" "" N.Z. Breweries, 10 per ■f } Q 12 0 cent. Bonds 1 1 9 1 2 0 S5 0 0 Glaxo, 6 j per cent. .. Sj 0 0 — BANKS— Adelaide 8 10 0 — 8 9 0 — 8 2 0 S 4 0 Aust. B?.ak c( Com1 s 14 13 1 30 ;-) _ — merce Australasia Comm. of Australia, ■■ 1 30 0 0 9 14 l<i 0 1 10 G 1 :i -0 13 tl 0 13 7 0 Comm. of Australia (T>z"ef.) G 13 G fi 15 0 G 13 0 6 15 0 - — Comm. or Sydney 2! 0 0 24 17 6 — — — *"~ National of Australasia (JC10 paid) 1G 10 0 1G 12 0 3G 10 0 36 35 0 - 15 9 0 National of Australasia (£5 i>aid) s 2 0 S 4 0 S 2 0 3 i 6 - — National o: ,N.Z. (cum dir.) e in 0 6 15 0 - - 6 13" 0 6 15 0 National o: N.Z. (new') !> s 0 — G 0 9 417 6 41 12 6 40 5 0 40 32 G • New South Wales New Zealand 41..9 <■> •2 16 10 41 30 2.3 7 1 3G 2 17 0 6 1 33 0 I!oval (£1 iiflid) Royal (£< paid) Union of Aust. G 18 34 15 0 0 7 0 u 14 34 0 14 16 0 G 10 0 15 0 0 Victoria, (ord.) 7 0 0 7 13 0 INSURANCE— -Catienal :; 18 G 4 0 * 0 . 3 13 0 — S 12 1 9 0 9 , - New Zealand Queensland 1 U 0 2 10 0 - 2 10 0 - - ■ LOAN AND AGEXCT— Rational Mortgage (ex dir.) 3 15 0 -- — - - Goldsbrough, Mori, (cum rights) 2 5 1. 2 5 7 - 2 5 0 - 0 7 6 Goldsbrongu, . ort (rights; .. • • 0 7 0 0 10 0 _ - - - SHIPPING— Huddart-Parker .. 2 i 0 2 5 0 2 i G a 5 0 2 23 2 3 0 FROZEN MEAT— Canterbury (pref.) 5 .", 0 5 5 0 — — — N.Z. Kefrig. (paid) ., 0 17 G 0 10 4 — 0 19 4 1 0 0 N.Z. Eclrig. (cohtr.) .. 0 0 0 0 0 3 0 9 1 0 9 3 0 9 3 0 9 8 COALWestport .. ... 1 10 0 1 11 9 19 9 1 10 9 — ■ —* CAS— Cliristchurch lit 9 7 15 9 7 13 S' ' 7 15 .0 .7 13 0 8 0 0 BKirwEraEs— Oro-vn 3 15 9 — — ' — 2 S 6 Manning 1 15 6 1 16 9 — 1 17 0 . X 79 18 0 New Zealand 2 0 3 2- 19 — ,—- — — • Ward 2 16 0 2 18 0 — 2 IS' 6 ■ " 2 7 6 CEMENTS—' Wilson's .. .. 1 13 1 - 1 13 G 1 12 9 — 1 8 0 1 8 9 TIMBEK— Kauri ..- .« — 1 12 6 1 12 3 1 13 0 - — . — .. MISCELLAXEOUSBeatb and Co. •..; 1 31 f> 1 13 G 1.11 0 1 12 $_ — 1 13 6 British Tobacco 2 2 6 2 4 0 — — 2 2 6 — Mason, Struthers (14a paid) 0 35 9 — 0 15 6 — —• — 2s.Z. Farmers' Co-op. (G per cent., cum pref.) 2 15 0 — — — ■ ■ — ■-—' N.Z. Farmers' Co-op. (G per cent, pref., ro div. only) .. . ' .. 2 3 6 ' ~~ — — ■ — "~" X.Z. Farmers' Co-op. (G.J per cent. -Stock, 1330) S3 0 0 90 0 0 . — . 93 .0 . 0 . 35- 0. o ; S9 0 0 N.Z. Farmers' Fertiliser 4 7 6 4 17 G — — ' — -. i * N.Z. Millc Products ... 1 8 G — — ' — 16 '0'N.Z. Pnner Mills 1 0 0 1 1 0 10 0 . 1 1 G1 2 3... : — Taianaki Oilfields 1 0 0 1 2 0 1-2 3 1 3, G — • — -, Whitcombo and Tombs 3 10 , 0 . 3 12 0 3 10 0 ' — ■T~ ■■ . — MINING— Mt. Lvell [., : - • to., ■ 1 0 1 1 .0 10 10 6 . 1 0 11 - — .—

juno -zo. «miy i. Coin and bullion .. 155,353,000 155,756,000 Reserve .. 31,663,000 30,723,000 ■fropc-rtion of reserve to iiabilitiee 24.02 19.7* Note circulation .. 145,270,000 146,629,000 Public deposits .. 13.559,000 11,659,000 Other deposit^ .. 118,251,000 143,951,000 Govt. securities .. 39,03-2,000 4G.577,000 Cther securities .. 79,023,000 96,278,000 Short loans are quoted- at 3} per cent.; three months' bill s. 4 9-16 per < Dent.

Far. Juno 20. July 2. Paris, fr. to £1 .. 25.22J 107.25 104.05 Brussels, fr.'to £1' .. 25.22J 108.25 104.25 Oslo, kr. to £1 3S.159 27.74 26.58 Copenhagen, kr to £1 18.159 24.4-1 23.57 Stockholm, kr t? £1 18.159 18.14 18.13 Berlin, Reighmarken . to £1 — 20.44 20.42 Montreal, dol. to £1 4.SGJJ 4.86 4.86 lse\v York, do!..to £1 4.££>i 4.86 4.86J Rome, lii-e to £1 .. 25.22.} 1362 1392 Yokohama., st to yen 24.58 20Jd 20H Calcutta, sttorpclO; i gold £ lSJd ISid Hong Kong, st. to dol — 29d 23d Amsterdam, A. ' .. 12.107c] 12.13d 12.13Jd Srtavia, fl. L2.1C71 12.08 12.05 to 12.90 'Determined by price of silver.

J uno 2o. Julv 3 £ S. ( i' £ "s. d. Imperial cpMols, 2* per-cent. .. 55 10 0 . sa 5 0 War Loan, 5 p.c. 192047 99 10 0 93 17 6 Conversion Loan, 3J p.c. 74 15 0 75 13 0 Commonwealth, It y.c ., 1931-J4 93 10 0 100 0 0 Commonwealth, 6 p.c, 192i! 27 102 17 6 102. 2 C Xe-.r Zealand. C p.c., 1938-51 1CS 7* 6 1C6 0 0 Xew Zealand, 4 n.c, 1029 Oi 10 0 94 17 G yew Zealand, £J p.c. 1340 S2 3 0 82 13 0 New Zealard, 3 p.c, 1943 . •• 74 7 6 74:i0 0 Xew Soirfh Wales, 6 p.c. 193040 105 0 0 1C5 5 0 Xew South Wales,. 5| p.c, 392-2-23 102 0 0 102 13 0 Vow South Wa"«, i p.c, 1923 90 0 0 92 2 6 Xew South Vales, 3J p.c •• 73 7 6 75 15 0 XoT7 South Wale?, 3 p.c,' 1910-30 73 17 ' 0 8! 2 6 ye-?! South Wales (hct loan) 100 7 6 100 15 0 Victoria, 5 p.c, 1930-40. 101 5 0 101 10 0 Victoria, 34 p.c, 1921-26 9S 0 0 98 0 u Victoria, 3i p.c, 19-20-40 77 2 G 77 13' 0 Victoria, 3 p.c, 19-29-40 70 0 0 70 5 0 Queensland, 6 p.c, 103040 :o5 0 0 102 0 0 Queensland, 3j p.c, 1930' 90 0 0 90 7 c Queensland, 3 p.c. 132247 69 10 0 68' 15 0 South Australia, 63 p.c, 1920-10 105' 10 0 103 0 0 South Auetralia, 3J p.c,, 194o or after 82 0 0 S2 5 0 South Australia, 3 p.c, 1930 60 0 0 59 13 O'j West Australia, 6 p.c, 1930-40 101 15 0 101 17 6 West Australia, 34 p.c, 1930-35 80 10 0 86 0 0 West Australia, 3 p.c, 1915-33 81 0 0 SI 0 0 Tasmania, 6| p.c. 1%J40 .. .. : 10G 0 0 103 3 0 Tasmania, 34 p.c, 132040 S2 0 0 61 17 6 Tasmania, 3 p.c., 1920--10 • ,.. j. 77 0 0 11 0 Q