CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXV, Issue 19777, 15 November 1929, Page 15

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. Markets generally continued firm on j call yesterday morning, but the retordj ed turnover was below normal. Trans- | actions, exclusive of vestibule business. I included:— ! 100 Comm. Bank of Aust. 10 Bank of New South Wales. j 50 Mt. Lyell (cum div.V I Commercial Bank of Australia shares j were firm with business at 27s &J, se "' era staving in at that price, buyers at l!7s 7.1. Bank of New South Wales shares were released at £4B 10s, and more were offered at that price, buyers at £4B ss. Bank of New Zealand share* appeared weaker with buyers at cn s 3d, sellers at Cls. Tlwre was a close market for Australian Bank of Commerce shares, buyers at 31s Bd, sellers at 31s lOd. Canterbury Frozen Meat Ordinary shares eased to £S 7s 6d sellers, £8 buyers. N.Z. Refrigerating Company 10i paid shares were weaker with tellers at 5s 9<l, buyers at 5s 7d. West port Coal Company shares cum dividend of Is per share declined to 33s tid sellers, 33s Cd buyers—last year's dividend woi Hi per cent. Beath and Company shares eased to 30s 9d sellers, 30s buyers. Broken Hill Proprietary shares entered the list with buyerß at 255, Hellers at 265. Dunlop Rubbers sagged to 25s sellers, 24s ltd buyers. Henry Jones Co-op. shares turn dividend of Is 3d per share, had buyers at 32s fid, sellers at 345. Mt. Lyells realised 42s 7d, closing quotations Id on either side. Kildare Gold Mining shares dropped to 2s 5d sellers, 2s 3d buyers. LATEST QUOTATIONS. Buvers. Sellers. £ '». d. £ s. d. N.Z. Government Debentures—--4§ per cent Inscribed, 1908 .. 98 15 0 100 0 0 it per cent. Inscribed, 10W .. - MX) 0 0 4$ per cent. Bends, 1941 .. 100 0 0 51 per cent. Inscribed. 19*1 »lo 0 5i per cent. Inscribed, 1933 o» per cent. Inscribed, m?, ioi * o 5J per cent. Inscribed, 1938 101 5 0 Other Debentures — SlugKiah Kiver, 6j per cent., 19*1 100 O 0 100 10 0 N.Z. Breweries, Bonds 18 0 Banks— Adelaide Aust. of CommeLo 1 11 9 1 11 10 Comm. o£ Aust. 17 7 17 8 Co mm. of Pydn.y 24 7 6 24 i" 6 National nf Australasia (4110 paid, cum div.) 18 0 0 National of Australaeia (AYi pud, euro div.) New South Wales IP 5 0 48 1" » New Zealand . 3 0 3 3 10 Queensland National (cum d.<-i .. R 19 0 Union of Aust. .. 14 8 8 1* 10 0 Insurance — A.P.A. • -- •• - 0 " 3 National ~ -• ••■ 0 J6 4 New Zealand .. ..380 L'wtid -- Loan and Agency — Dalgetv and Co. (cum div.) 14 5 0 C.oldsbrough, Wort 2 S 7 2 8 10 United Building Society 0 H 10 0 15 3 Shipping— Huddart-Parker .. Froien Meat— Canterbury (ord.) .. 8 0 0 8 7 6 Canterbury (pref.) 4 11 « 4 14 6 N.Z. Refrlg. (S\ paid) 0 19 4 N.Z. Relrig. (10s paid) 0 5 7 0 S 9 Woollens— Kaiapoi (7* ra-«D •■ 0 3 10 Kaiapoi (pre!) .. 0 14 « 0 15 4 Coal— Weetport (cum div.) „ 1 13 3 1 13 6 Grey Valley .. .. - 17 0 Oaa— Auckland ..150 Aust. Gaslight - 7 0 0 Chriet«hurch (10» paid) 0 13 1 0 13 5 Timaru 14 9 Breweries — Carlton ..236388 Koater's .. .. - 4 0 0 Monteith'e .. .. New Zealand .. •■ 4 7 8 4 7 6 Queensland .. 1 11 3 Staple* •- 3 18 8 2 13 5 Swan .- Timaru - 0 18 8 Timeni (Ss paid) 0 8 6 Tooths ..380286 White Star „ 0 11 6 0 14 0 Miaeellarieooß Australian Pistilleriee APied Motors 0 1 • 0 4 8 Australian Iron and Steel (pref.) 10 3 110 Beath and Co. 1 10 O 1 10 9 Feath and Co. (Is paid) It 8 6 0 8 8 British Tobacco 2 5 9 2 6 0 Broken Hill Pmptv. 15 0 18 0 Dun Sop Rubber 14 3 15 0 Kiectro. Zinc (ord.) 1 18 9 Electro. Zinc (pref.) 1 14 10 1 15 1 Greater Crvatal Palace 12 0 Hayward'a Pictures 0 19 9 Henry Jones Co-op. (cum div.) 1 12 6 1 14 0 Howerd Smith Hume Pipe 'Amt.) 0 17 7 0 18 8 Mt. Lve'l (cum div.) .. 22 6 3 2 8 N.Z. Dntg Co. N.Z. Farmers' Co-op. ("A" pref.) 8 2 6 N.Z. Farmers' Co-op. VB" prof.) 8 4 0 8 8 0 N.Z. Farmers' Co-op. («| per cent. Stoek, 1940) .. »1 10 0 N.Z. Farmers' Co np. (6| per cent Stock, 1939) 90 0 0 98 ft 9 N.Z, Fernrurs' Co-op. (8J per rent. Stock, 1945) ..MOO N.Z, Farmers' Fertiliser 12 0 1 J 8 N.Z. Paper Mills (cum div.'i 10 0 i N.Z Sugar of Milk 'pref) _ 0 17 0 Ouil', Morris 0 12 0 Victoria Nyanaa Sugar Mininc— KPdare .. ..038 035 ?» w »faa .- .. 0 0 3i 0 0 6 Mahakipawa, 0 0 4 0 0 5 Ohiaemuri ..096 Okarito . 0 17 0 3 0 _. (prem.) Winding Creek (la pd.l 0 18 0 2 0 Wsndiag Croek («d pd.) 0 18 0 1 10 w »»hi _ 0 13 5 Stor.ey Cre«k (6d p«:di 0 0 9 0 0 10 YESTERDAY'S SALES. i CHRISTCHURCH. | S»Jet on 'Cb&nge— I £ 9. d. Comm. Bank of Aust. .. 1 T 8 Mt. Lyell (enm div.) .. 22 7 Sales Reported—j Bank of New South Wales 48 10 0 1 AUCKLAND. Bales on 'Change—- £ s. d. New Zealand Breweries Debentures 1 8 8 Australian Bank of Commerce 1 11 6 Commercial Bank of Australia 17 8 Bank of New Zealand (2) ... 3 1 0 Br.nk of New Zealnnd D mortgage. f2ok paid) ... 1 8 4J Farmers' Trading B Pref ... O 14 3 Wilwi'a Cement ? 2 !» Maibi _ ... O 12 4

WELLINGTON. Salt* Keported—e i. d. Sharland and Co. (ord.) .. 110 N.Z. Guarantee Corp. (ord.) 0 8 6 Hharland and Co. (ord.) „ 110 DUNEDIN. Sales ob 'Change—- * a. d. Kildare (2) .. p a 4 (2) js, ..085 Saleg KeporUd— Bank of New Zealand „ S 1 3 FROZEN MEAT. The New Zealand Meat Producers' Board reports the lollowing shipment! of frozen meat from New Zealand: Mew Zealand froien meat shipped from New Zealand to the United Kingdom and Continent of Europe, etc., during October: Beef Mutton Lamb Pork Qrs. C ee. Cos. Cos. London . . 1.4i0 100,079 161,3ft0 9,815 Southampton • - 500 4,351 W. Coast. L'.K 29a 5.850 9.57T ISO 1,772 104,429 115,118 9.795 In addition 970 bag! of boneless beef war* «ent to England. Total for time period last year, til, October Ist to 31st, 1928: Londnn .. 1,915 77,008 95,999 12,055 Vancouver 800 2,715 . 77,008 95,999 12,055 The New Zealand Meat Producers' Board is advised by table from its London office that the shipments from Australia and South America to the United Kingdom during the month of October were as follows: AUBTRALIA. Carcaaes mutton . . 59.421 Carcases lamb . . 268,938 Quarters beef . . 39,457 SOUTH AMERICA. Careaiei mutton 72,933 Carcases lamb 430,681 Quarters beef (frozen) 8,138 Quarters beef (chilled) . . 474.087 The shipments from New Zealand to the United Kingdom for the same period were as follows:NEW ZEALAND. Carcases mutton 104,439 Carcases lamb 115,118 Quarters beef 1.T72 The Board has received a cable from its representative at Buenos Ayres, SouU America, advising the following shipments to the United Kingdom for the fortnight ended November 7th, 1959, from Argentina and Uruguay (tbe figures do not include export* from Patagonia, Chile, er Brazil) : 189,950 quarters chilled beef, 5548 quarters frozen beef. 30,374 carcases frozen mutton, 213,000 carcases frozen lamb. The quantity shipped to the Continent of Kurope during the same period was as follows: 17.324 quarters frozen beef, 6979 carrates froien mutton. RAILWAY WORKING ACCOUNT. (FXISS 48101IAT10H riLIGUU ) WELLINGTON. November 14. The following is the Tailwav working account tor the fovr-weekly period ending October 12th and pence omitted): NOHTU ISLAND. Espendi- P.c. of Revenue, ture. revenue. £ £ Kaihu .. .. 314 839 205.17 Oiaborne I,»S 2,902 154.27 North le.la.sd main lines and branches 294,931 309,130 93.77 Tola' .. .. 297,232 313,172 94.21 SOUTH ISLAND. South Island main lines and branches 194,889 222,802 99.42 "Weetport 14,5*0 9,9*6 83.07 Nelson 1,909 3 490 181.80 I'icton .. .- 2,168 3,823 146.73 Total .. 211,487 289,352 99.84 Operating total .. 508.716 552,535 96.63 .Miscellaneous revenue 81,595 T.»ke W»k»tipu 596 3.193 196.67 Refreshment rooms, advertising, Toad motors, and other subsidiary service* 21,8(4 22,63* 10184 Departmental dwellings .. 8,127 14,705 169.75 Grand total .. 570,928 592,064 93.57 CHECKER TAXI-CAB CO., LTD. ANNUAL MEETING. [TBS »**■■ lyeeial Serrtee] AUCKLAND. November 14. The tbjrd annuel meeting of the Checker Taxi-cab Company, Ltd., was held to-day. The acting-chairman of directors., Mr C. Rhodes, presided. Mr Rhodes said the balance-sheet disclosed • loss for the year of *32BT, which included .£3814 written off iu depreciation. The rate w«r had been continued, and the •'cutthroat" competition in business persisted up to that moment, although there were signs »f abatement. At least one company was operating under a different system then hitherto, but the Checker Company was stilt faced with competition in a charge of 2s for five miles, at which no concern eould make money. "Under those cireumstancee shareholders can hardly have great dissatisfaction with the results of the year," Mr Rhodes said. The loss was no* an great as it appeared, and a balanee-aheet might nave been presented without allowance for depreciation. The directors, however, considered it batter to show the position as it really was, although there were items that under the aystem by which the company «aa operating might not be regarded as assess, such as goodwill and prepaid expenses. These were offset by the amount that had been written off in depreciation during the last three, years, and the company's eapital was tntaet in vehicles, sundry debtors, and eash in hand. New that tbey appeared to have embarked upon a period when "cut-throat" competition was past, he eould see no reasonable excuse why the company should not go ahead and make profits. He believed be eould safely say that in subsequent years the company shares would stand at about their par value. SYDNEY SALES. (Received November 14th, 9.15 p.m.) SYDNEY, November 14. At the wool sales 10,530 bales were sold. There vh keen competition from all sections of the trade, and the market continued firm. Greasy merino made 2S|d. LONDON WOOL SALES. Dalgety and Company, Limited, have received the following cablegram from their London offlee. dated November lJta:— Woo! Sales—For the wool sales opening on tr: 19th instant the list of arrivals closed vesterday. Quantity available for the sales: Australian 48,000 bale*; New Zealand 20.600; Cape 3000; South America 3500; English 6000: and carried forward 58,000. Resell on November 25th and December 4th. The following vessels arrived in time for the sales:—Mahia, Metaroa. Cumberland, Tainut, Northumberland, and Karamea. GOLD. (CTTIMD MBal AS80diTI0»—»» IMCTWC TSLISJUrH—COFVBKWT.) LONDON, November 13. The price of gold ia 84a lljd per fine ounce. SYDNEY MARKETS. I (Received November 14th. 920 Pm) SYDNEY. November 14Wheat—At country stations 4s 4d a bu«hel, ex trucks at Sydney 4s 10d. Flour—£l3 a ton. Pollard— ■£% a ton. Bran— it 10s a ton. Potatoes—Tasmania* £3O a ton. Onions—Victorian. Globe* £l4 a ton, silverskins £lO a ton. . . , Cats—White ss, Algerian €s 3d a bushel. Maize—6s a bushel. TALLOW. Dalgety a D d Company. LfmiUd. have received the following cablegram frem their London o«ce, dated Nevember ISth:— Tallow—Prieea nominally unekanged.