VALUES ON STOCK EXCHANGE.

Press, Volume LXVI, Issue 20092, 22 November 1930, Page 12

VALUES ON STOCK EXCHANGE.

christchurch rates yesterday.

* Interim dividend reduced. TThoro no approximate market is givan, return is worked on mid-market prico unless • nly ono quote is given.

AUCKLAND. Sales on 'Change—i; .i. ci Commercial Bank of Aiist. 0 17 2 Hank of Now Zealand 2 16 8 2 16 9 Mount Lyell ... ... 10 0 Inscribed Stock, 1933, .3 J per cent. ... ... 98 7 G Now Zealand Breweries . . - 4 0 WELLINGTON. Sales Reported— s. d. Commercial Bank of Anst. (ord.) ... ... 0 17 5 Bank of New Zealand ... 2 17 0 Ashbnrton County, 6 per cent., 1962 ... ... 101 o 0 Amuri County. 6 per cent., 1946 ... ... 101 5 O Moturoa Oil .. ... 0 3 6 DUNEDIN. Sales Reported—a s. <l. Xmv Zealand .Breweries ... 2 4 6 Mount Lvell ... (2) -1 0 H Moturou Oil (prem.} 0 0 7$

A.P.A. ASSURANCE. DIRECTORS' ANNUAL REPORT. (UnTEI) PBKS9 ASSOCIATION—BY F.LKCTBIC TELEURAPH —COPYRIGHT.) SYDNEY, November 21. The directors of the Australian Provincial Assurance Association, Ltd., reporting on the year's operations to September 30th, consider the results satisfactory in view of the financial depression. They point out that continual increases in iupome taxes on companies which have to operate, in manv cases, on narrow profit margins, will, if persisted in, make it unprofitable to carry on, thus adding to the general unemployment. New business last year was valued at £502,000. The total premium income was £289 000. bonus to policyholders absorbed £50.000. and a dividend of 2i per cent, to shareholders übsorbed £8925. Life insurance funds amounted to £2,347,000. and assets total £2,937,000.

COMPANIES REGISTERED.

A WARNING. NEW ZEALAND AND AUSTRALIA. The following brief statement on the state of affairs in Australia is contained in a letter to a friend in Christchurcli from a man, prominent in the financial world in New Zealand, who has recently returned from a visit to Australia: — "The whole of Australia is in a state of uncertainty, and the most knowledgeable financial men are not able to seo more than a month or two ahead at present. The outlook is depressing, and a severe crisis is looming up; but if the politicians will mend their ways and reduce their expenditure, it may be avoided. Over there taxation has been increased; there has been little or no retrenchment; and the national income has fallen grievously. And in this country what do we find? Very much tho same state of things. Impress most earnestly on ycur fr : eir.ls in Christchurch to warn Now Zealand to avoid the dangers and the pitfall into which Australian has fallen. ■"

The Mercantile Gazette notifies the registration of the following new companies:—Prosser, Ltd. Registered as a private company, November 4th, 1930. Office: Cannon street, Timaru. Capital: £3400, into 1000 preferential shares of £1 each and 2400 ordinary shares of £1 each. Subscriber: Timnru-—J. Munro 1000, R. Prosser 2390,

jV. E. B. Prosser 10. Objects: To carry i on the business of builders, contractors, etc. ! New Zealand First Aid Service, Ltd. Registered as a private company, November 12th, 3 930. Office: 30 Fit/Gerald avenue, Christchurch. Capital: £550, into 550 shares of £1 each. Subscribers: B. F. Higgen* 250. J. A. Hughes 100, R. F. Buchanan 100, W. F. E. Tyson 100. Objects: To acquire and take over the business of surgical bootmakers, chemists, etc. LEESTON STOCK SALE. As on the previous sale day, the outstanding feature about yesterday's fortnightly stock sale held at Leeston yards was a remarkably keen demand for store pigs, notwithstanding the fa-ct that the entry totalled nearly 200. The prices paid for stores had no relation at all to those ruling for fats, weaners five weeks old bringing up to 24s Apparently a liberal supply of milk on most farms, duo to the bobby-calf trade, is th«* main reason for th« keenness to purchase store pigs;. Eighty fat pigs were penned, and the values were a little easier than on the previous sale day. There was an increase in th© cattle yarding, the total number pen ned being 00 head. Except for tho best class of dairy cattle, the demand was by no means spirited. There was not a large entry of sheep, and a difference of opinion a*s to values led to Severn! passings. The sheep sales included 63 ewes and 63 lambs at 10s 7d, 168 store wethers at 14b Gd, 100 hoggets at 15s, 41 ewes and 31 lambs at 9s 6d, 22 ar:ed ewes and 11 lambs 4s 6d, 2 ewes at 16s 6d. Bacon pigs ranged from 64s Gd to 90s 6d porkers 41s 6d to 575, large stores 3Gs to 44^ rie dium from 28s, weaners 17s to 265. £j, e better class of springers made up to

AUSTRALIAN MARKETING SCHEME.

(v:iiiei» association—by elbuxeic TELSGIIAPH -COPYr.IOHT.) MELBOURNE, November 21. r,!O bankers' conforence haß decided to assist farmers financially in marketing their W Sir Robert Gibson said it was agreed that tlie banks were prepared to make advances to approved customers whose title to their wheat is clear, upon the production of satisfactory stornee certificates, to be held by the blinks. The amount a bushel to bo advanced is to be determined early in December nnd will be based upon the market' value of wheat, which will be subject to variation during tAe marketing period, in accordance with m.irket fluctuations. NEW ZEALAND LOAN AND MERCANTILE. PROFIT ON YEAR'S BUSINESS. LONDON, November 20. ;m I<4 Zealand Loan and Mercantile , Co I4d- allows <i profit balance of c'"os'>o ~ The asiount to be carried forward i is S 12,40r. I

feilding stock sale

(*rtES3 ASSOCIATIOK TELEGRAM.) . FEILDXNG, November 21. tuo cattlo fair prices {or grown cattle e^ e ff?° ' younger lines were "sticky/' jq there were many passings. Yearling x,~ *m S £2 10a to £4, two-year-old steers 7? 4 Z three-year-old steers to £6 a. lour-year-oM bullocks £7 17s 6d to £lO v«,r t *°- V £^ M heifers fS Ba to £6 ss. rTrjiL he,ierß to 12a Cd. cows with S» to , i 0 ® an <! £G 128. i»' bftllocks £l3 to flj 9s, and store cows £3. w ? 'W P l 7 , black-face hogszets 18s, ehorn liojmfi., 10"? i? S ®f*. to 1 5 - 4 3d, ehorn ewo fatwi.fl, V white-face hoggets 87a 6d. «\ rS I£6 '. fat ew6 « 1°« to 14s. 27r U (v? °J}° b P—A apecia] line of ewe lambs vMi ? s ' two and Wy«»r TaeiE - woolly 19». shorn 17b Cd.

former LEVELS COMPARED. 1 Am't. pam per Companies. s,h'e. buyers. Selioi-B. Approx. market price. Appro*market price Ef year a(;o. c'"S S; pDiv. payable. Return on invoatment at approx market price. Banks— £ 0 6. d £ B. d. £ s. d £ 0. d. £ J I £ a. d. Adelaide Auflt. of Comm. Australasia Ccmm. ox Aufit. Coram oi Aust. (pref.) Comm. of Sydney K., S., and A. .. Net of Aus'aisia Nat. of Aus'uuu (contr J Nat of N\Z. New South Wales New Zealand Union i .IfJs 10 12/. 10 20 5 0 10 0 6 17 5 12 G 32 9 19 11 17 9 0 0 8 13 IC 0 3 0 2 0 0 0 0 0 6 G ft 0 0 19 11 0 0 17 6 12 17 15 5 8 12 12 G 5 0 18 32 17 2 17 9 19 7 0 3 0 0 0 6 0 0 6 0 0 0 19 C 110 0 0 17 3 6 10 0 17 15 0 5 7 6 12 10 0 6 5 0 5 15 0 32 7 6 2 16 9 9 13 0 9 10 0 1 11 0 13 12 0 17 7 7 2 6 24 10 0 7 13 G 18 0 0 8 19 0 6 18 0 47 17 6 3 0 0 14 7 6 V ! 14 | 15 : i < 1 10 | l2i ! •10 ♦10 12 10 HJ 124 Nov.-May Jan.July Oct.-Mcli. Feb.-Aug. Feb.-Aug J an.-July May-Nov. Nov.-May Nov.-May Jan.-July March. Dec.-June Jan.-July e 11 5 7 3V 6 7 3 8 13 10 6 3 0 7 0 10 G 17 2 8 0 0 8 0 0 5 4 4 6 3 6 4 19 10 8 8 2 rnsuxance— National New Zealand South British .. Standard 0 2 14 16 9 4 0 7 O 14 2 10 11 0 0 14 7 3 3 0 2 16 0 2 10 0 0 10 0 2 6 3 8 5 0 S 4 0 9(1 l/ll 2/8 12 J Mav-Nov. Feb.-Aug. Apl.-Oct. Mch.-Sep. 5 2 10 4 9 1 4 14 4 5 0 0 liOan and Agency— Dal&'ety and Co. M. Guarantee Corp. United Building Ha S 1 0 0 1 7 15 0 6 1 2 8 10 1 2 0 7 0 15 0 3 5 8 8 5 0 1 2 0 0 7 3 0 13 4 13 16 0 2 3G 0 8 9 0 15 G 10 10 8s 5 May-Nov. Dec.-Tune Mar.-Oct. Oct.-Apl. 6 1a 9 13 9 S 10 6 10 5 Frozen MeatGear N.Z. Ilefrig. K.Z. Kefrifj. (con.1 1 10a 0 0 9 0 10 1 IB 0 9 0 3 0 8 3 1 15 6 0 9 0 0 r. 2 2 3 6 0 12 9 oca 11 Jne.-Dec. Fob. Feb. 6 0 3 Gas — Auckland Auckland (cont.) Christchurch Chrintcljurch (con.) Timaru 15s 1 Kte 1 1 0 4 12 8 11 0 1 5 0 12 2 8 13 9 one 15 0 0 12 6 12 0 15 0 0 18 3 16 6 0 13 3 15 0 8 8 8 8 July-Feb July-Feb. Aug.-Feb. Aug.-Feb. Au^'.-Feb. 6 14 8 6 17 1 6 8 0 G 8 0 7 5 5 Shipping— Huddart - ParkeT V. and O. Def. Union (pref.) 1 1 3 0 0 0 1 5 2 6 9 0 1 5 G 2 4 0 10 3 2 2 0 2 IS 0 1 0 9 •It) 10 Si Sep.-Mch. May-Dec. May-Dec. ess 4 10 :o 5 8 7 CoalGrey Valley Tivupiri ViV«tport a i 1 1 0 1 0 G 1 2 1 5 1 9 0 9 3 IOC 13 0 17 6 1 6 3 19 6 1 13 0 6 10 8J May-Oct. Nov.-May May-Nov 5 17 0 8 13 16 6 7 3 Woollens— Kaiapoi Kaiapoi (cor.tr.) Kaiapoi (pref.) .. 17s 173 0 0 8 S 0 0 0 10 0 4 0 16 0 0 0 | 0 3 6 | 0 15 0 0 13 0 C 3 9 0 15 0 4 4 6 Feb.-Au-?. t 81-_-A.it:. F'-ib.-Aug 7 11 1 8 0 0 6 16 0 Breweries— Carlton New Zealand fc-'tupleB Timaru Timaru (contr.) Toobeys Tooths? 108 5s 16a 1 I 0 0 1 4 3 10 3fi 4 6 fl 0 2 1 4 2 3 2 1 0 13 0 7 0 17 1 i 9 2 0 6 0 6 a ! 1 4 6 2 3 0 2 0 0 0 17 0 1IC 2 2S 4 8 0 2 13 0 0 16 0 0 8 0 1 10 0 2 5 6 •14 15 1"! 10 10 9 12£ Oc-t.-Mch. Jan.-July Aug.-Feb Oct.-Apl. Oct.-Ar>l. Mch—Sep. May-Nov. 9 15 10 6 19 6 6 5 0 7 8 1 8 0 0 8 9 4 10 4 0 Miscellaneous-— V/irelftSQ 'contr.; Aust. Distiller;.' Aust. Glass Boath «nd Co. .. & Co. (con.) British Tobacco Burns, Philp Colonial Sugar .. Dunlop Rubber Kloctro. Zinc Eloctro Zinc (pref.) Henry Jones Kolden'a Motors Kauri Timber N.Z. Drug Co. .. Mount Ly«ll Farm. Kotiliser N. Canty. Flour United Pictures "Whit »nd Tombs Wilson's Cernent Bickon Hill Pty. 149 1. 1 1 le i 1 20 I 1 1 1 1 9* 1 10 ?/n i), 1 1 1 0 1 Si 0 0 0 1 3 1 0 0 0 3 2 4 12 15 10 12 IS 0 0 lf> 10 12 0 8 11 0 0 4 3 0 C 0 0 0 n 6 3 1 O 1 7 1 E 0 4 1 13 1 13 3i 13 0 10 0 13 0 18 1 3 3 2 1 0 0 IS 1 2 2 1 0 0 e 11 0 0 0 11 it 7 0 e 1 0 0 e 16 6 1 5 8 0 4 11 1 13 0 1 12 C 34 17 6 0 10 9 0 13 0 0 18 6 1 2 G 0 9 0 0 12 R 3 1 6 1 0 O 0 16 G 2 10 110 2 13 0 1 10 9 0 8 G 2 4 9 2 2 0 r, 0 10 0 15 0 1 14 3 115 3 1 12 6 0 18 6 3 13 6 2 2 8 12 0 3 12 6 2 2 9 1 5 6 S s 12J 10 10 12 10 124 G 10 10 75 5 21 10 10 8 5 33| 8 124 Mch.-Nov. August Dec.-June Mch.-Sep. Mch.-Sep. March Nov.-May May-Nov. Apl.-Oct. Mch.-Sep. Mch.-Sep June-Dec. Mch.-Sep. June-Dec Sep.-Apl. June-Dec. August April June-Dec. Mch.-Oct. Nov.-J une 3 0 0 9 8 8 7 16 10 7 5 £ 6 3 0 7 3 4 11 3 3 15 7 8 10 16 2 6 13 4 11 2 2 5 0 0 6 10 0 10 0 0 9 14 0 4 0 0 14 14 0 5 18 6 G 1 11