CHRISTCHURCH STOCK EXCHANGE.
YESTERDAY'S TRANSACTIONS. There was a moderate turnover of' diversified business on call yesterday with the bulk of the turnover in banks, tobaccos, breweries, and Lyells Transactions, exclusive of vestibule business, included:— 100 Commercial Bank of Australia 125 National Bank of Australasia (to paid). j 100 Bank of New Zealand (cum div ) —late sale, Ist. 300 Bank of New Zealand (cum diV 1 100 Carlton Brewery. 100 Tooths Brewery. 100 Australian Glass (ex div.) 300 British Tobacco. '2OO Mt. Lyell (cum div.). 400 Mahakipawa Goldfields. 60 Okarito Mining. Commercial Bank of Australia shares recovered to business at 16s 3d, market closing 16s 3d buyers, 16s 4d sellers. National Bank of Australasia £5 paid shares _dropped to dealings at £5 6s and £5 Bs, market closing £0 buyers, £5 8s Cd sellers. Bank of New Zealand share;-; had dealings at 62 s 6d, closing quotations 52s 3d buyers, 52s Sd sellers—a late sale on Monday was reported at 53s 6d.
Miscellaneous. Goldsbrough, Morts, cum dividend, were stronger 011 buyers' offers, 21s, sellers at 21s lOd. Carlton Brewery shares changed hands at 245, buyers staying in at that price, sellers at 24s 3d. Tooths Brewery shares, ex dividend, showed strength with business at 245, market closing 23s 6d buyers, 24s 3d sellers. Australian Glass shares ex dividend were stronger at 27s Id, closing quotations 26s 9d buyers 27s isd sellers. British Tobacco snares wero fractionally weaker with dealings at 31s Id and 31a, and further sellers at 30s 3d, buyers at 30s 3d. Mt. Lyells, cum dividend, recovered to dealings at 19s lOd and 19s 9d, market closing 19s 8d buyers, 20s sellers. Mahakipawa Goldfields shares remnined at BJd, closing quotations 3d on either side. Okarito Gold Mining shares realised 5s 6d, market closing Id either way.
YESTERDAY'S SALES. CHRISTCHURCH. Sales on 'Change—
AUCKLAND, salofl Reported— g a Bank ot New Zealand „ Jl| 9 212 6 ,_1 3 3 Auckland Gas t 7 3 asrc- = WELLINGTON. Sales Reported £ g Bank. of New Zealand (cum g g Auckland Gas Co - 134 New Zealand Breweries - 3 6 (cum div.) DUNEDIN. Bales on 'Change—- £> S. C. + 0 6 5 Okarito Sales Beported— Bunk of New Zealand Dalgety and Co. ... N.Z. Breweries -- - £ » N.Z. Paper Mills
CANADA'S TRADE. NEW PACT WITH AUSTRALIA. (ClU'iEO PRESS ASSOCIATION—EST MJSCTBIO TELEOBAPH —COPYSIQHT.) OTTAWA, December 1. Back from the Imperial Conference Mr H. H. Stevens (Minister for Trade and Commerce) stated that Mr P. J. Moloney (Australia) would arrive here in the middle of the month to negotiate for a new Australian treaty. The effect of the new pact would be for Canada to buy more from Australia, thus removing the four-to-one advantage held by Canada. Canadians were now buying many articles from foreign countries that could be supplied by Australia. The same applied_ to New Zealand, but negotiations with that country were more difficult because of the higher duty on butter. Mr Stevens added that the Russian five-year plan was succeeding all along the line, and Canadians were doing their country a disservice by pretending otherwise. The Soviet would soon be a live competitor with Canada. Tho failure of the Imperial Conference was due to Great Britain's disturbed political situation. It would have been better to have held an election in Great Britain first to produce definite proposals for the Conference. More protection would greatly aid Great Britain.
GOLDEN POINT GOLD AND SCHEELITE COMPANY. A meeting of directors of the Golden Point Gold and Scheelite Company, in which the shares are practically all held in Christchurch, was held yesterday, Mr A. E. Kincaid (chairman of directors) presiding. It was decided to order plant forthwith, and an order is to be placed for a S8 h.p Diesel engine for power purposes. The tender of a Thames mining engineering firm for the batten' plant was accepted. The company's property is situated at Macraes, 22 miles from Palmerston South. It was worked since the early '9o's of last century as a gold mine, but later scheelite was also produced, there being an increased demand for this product by the Imperial Government during the war. The fall in the market as a result of the liquidation of war accumulated stocks caused the mine to close, until re-opened some months ago by the present company. It is expected that the plant will be erected and in operation in March. Development work has been in progress for some months, and when in full operation employment will be given to a staff of about 15 men.
DOMINION RUBBER COMPANY. [THE PEESS Special Service.] DUNEDIN, December 2. The secretary of the Dominion Rubber Company has received cabled advice from th# estate that the crop of rubber harvested for November was 31,5001b. GIFT COUPON SCHEMES. A mass meeting of those interested in. grocery, tobacconist, chemist, and fruit businesses was held in the Chamber of Com* xnerce on Monday evening. The meeting, which was attended by many manufacturers, packers, and merchants, as well as by retailers, filled the Hall to capacity. After listening to interesting addresses by Mr Eric Gray and Mr Lambton, in which the nature of many of the schemes was explained, the following resolution w&s carried unanimously. "That this mass meeting of retailers, merchants, and manufacturers supports the r«mit approved by the Associated Chambers of Commerce at its annual conference in October, with the additional strong recommendation that all rebate or free gift schemes, whereby the purchaser or customer secures a rebate or gift by means of collecting coupons which are redeemed in goods of any kind, should be prohibited, the only rebate that should be permitted in the form of coupons being, a percentage discount for cash or monthly credit t&rms." It was decided to forward a copy of this resolution to the Minister for Industries and Commerce, and to the Associated Chambers of Commerce.
DEVONPORT FERRY. The Devonport Steam Ferry Company > Limited (Auckland), announces an interim dividend at the usual rate of 83 per cent. The dividend is payable on December 15th. TATTERSFIELD, LTD. The annual report of Tattersfield, Ltd. (Auckland), for tha year ended September 19th, states that the net profit, after making provision for bad and doubtful debts and depreciation on plant and buildings, amounts to £6650. The sum of £2OOO was brought forward, making £8650 available for distribution. Interim dividend absorbed £2200. The directors propose payment of a final dividend of 2 per cent., making 6 per eent. for the year. The sum of £3350 is to be placed to the credit of income tax reserve account, leaving a balance of £2OOO to be carried forward. Following is a comparison of the company's results and appropriations over the past three years:—— 1928. 1929. 1930. £ £ £ Net profits .. 8045 *8431 6650 Dividend, p.«. 9 8 6 Amount •. 4950 4400 8300 Income tax .. 1929 2031 8350 Staff bonus .. 1000 * Directors . - 175 —— Carried forward *Net profits after provision of staff bonus.
METAL MARKETS. (CNITJ9D PRESS ASSOCIATION —BY ELECTRIC TE LEGE APE COPYBIOBT.) (Received December 2nd, 10.40 p.m.) LONDON, December 1.
WHEAT MARKET, LONDON QUOTATIONS. (tnriTEß PKSSB JISSOCIATIO* —SLSCR2C TELEQBAFB —COPXBIGHT.) LONDON, December 1. Wheat cargoes are unchanged. Parcels are in small request. . Fat-ore*. London — l A. December 22 5 per quarter February .. 22 8 per quarter Liverpool— December _ 4 9 per cental March 5 0} per cental May 6 2* per cental
RANGIORA MARKET. Tha yarding at th» Bangiora market yeete*day was a small one, and although, there was a good attendance of farmer*, business was dull. The entry consisted of 270 sheep, 20 head of cattle, and 102. pi?s« The sales of sheep included six fat ewes at 14s 6d, 8 at 9s to 10s, 13 at Ids 4d, 10 at 15s, 12 at lis, 6 in the wool at 19s lOd, 26 unshorn wethers at 265, 0 fat hoggets at 16s lOd, 11 at 14s lOd, 2 at 12s 7d, 12 two-tooth wethers at lis, 34 at Bs, 15 at 16s, 83 at lis, 45 awes and lambs at fis, 72 at 9s Bd. In. the cattle pena springers sold at £5 7a 6d to £7 10s, springiii? heifers £5 to £5 10s, fat cows £8 10s to £0 17s 6d, and bulls at £4 to £4 2s 6d. Heavy bacon pigs made £4 4s 64 to £4 7s 6d, light baconers £3 8s 6d to £3 19s 6d, porkers £2 to £3 5s 6d, store# 81a to 40a, weaners 17a to 26s 6d. Poultry—Boosters gold to 6# ft pair, hen* 6d, and ducks 4s. Skins, etc.—Halfbred sheepskin* brought ss, crossbred 4s, hogget Bs, pelts 6d, calf* skins 2s 6d, hides 8d per lb, wool sd, crutchings 2d, fat Id* horsehair Is.
TINWALD STOCK 8 ALB. Tha price* realised at the Tinwald stock sale yesterday showed a rise of about 2s a head, compared with last week's sale at Ashburton. The quality of *everal of the pens was good, but the hardening tendency in values was due to. the unusually small yarding and the fact that the freezing com* panies were operating more freelyThe entry consisted of 200 »wn, 100 wethers, and a few lambs. The sales were as follows: — fat Ewes —Five at 15s Id. 6 a* ISI 44, 4 at 12s 7d, 6 at 9g 4d, 10 at 14s Id, 9 at 15s Id, 4 at 12s 7d, 3 at 9s lOd, 11 at 17s Bd, 8 at 14s lOd, 8 at 16s lOd, 6 at 13s 4d; shorn, 6 at 9s 4d, 6 at 6s lOd, 10 at 13s 7d, 9 at 12s, 2 at 10s 7d, 6 at 9s 4d, 9 at 16s Id, 8 at 15s lOd, 5 at 13s lOd, 5 at 12s 4d, 7 at 12s 4d, 6 at 10s 4d, 6 at 9s lOd, 8 at 11» 7dWethers —Two at 21s Id, 5 .at 2Bs lOd, 8 at 18s lOd; shorn, 7 at 19s Id, 7 at 18s lid, 12 at 19s 7d, 6 at 18s 7d, 10 at 16s Bd, -fi at 18s 7d, 9 at 18s 4d, 2 at 20s 7d, 10 at 21s 7d, 6 at 20s 4d, 5 * 19s4d, Oat 126 4d " , 4 Lambs—Two at 17s 4d, 1 at 12s, 1 at 10a, 3 at 23s Id. . Store Sheep—s7 failing-mouth, halfbred ewes and 68 lambs at Bs, 84 at 6s, 131 at 7s, 120 at 6s lid, 124 at 6s lOd. Cattle—Fat cow £ll 17s 6d, 1 at £». 1 heifer at £7 2s 6d, fat steer at £l3 17s 6d, 2 at £ll 12s 6d, 1 at £6 7s 6d, 5 empty heifers at £2 18s 6d, 2 steers at £3 ss, 1 at £2 7s, springing cot at £8 ss, Jersey cow at £2 10s 9d, 9 yearlings at £3 4s, 5 18-month heifers at £2 18s 6d, Shorthorn bull at £6 10s, Jersey bull (two years) at £3, yearling Jersey bull at 355.
LORNEVILLE STOCK SALE. (rnzaa assoclltiox teleqeau.) INVEBOAEGIXjL, December 2. There "was * double yarding: at the Lorn*ville stock.sale to-day on account of the Aand P. show next Tuesday- Fat sheep and lambs dropped 2s per head, and fat cattle were easier by about £1 per head. Store Cattle—There was a large and representative yarding, but quality, with the exception of two pens of Hereford cattle was very ordinary. The Bale was dull and prices showed an easing tendency on the previous sale. A pen of three-year-old Hereford bullock* realised £9 ss, two-year-olds £7, mixea coloured two-year-olds £6 10s, medium yearlings £3 to £3 10s, sod poorer sorts down to 80s. Good empty cows made £5 to £6, inferior down to 30s. Empty two-year-o;d heifers made £4 10s to £5, yearling heifers SOn to £2 10*. * ». Dairy Cattle —There was a small yarding of nondescript sorts which realised from *o to S5. . Store Sheep—There was a large entry, comprised wholly of aged ewe® and lamos, which realised from 5s to 6s, all ® oun £ e T: Fit Sheep—The quality was good and there was a large number of prime wethers, ootn woolly and shorn, forward, with a fair number of prime ewes. The fat lamb section contained the best quality that has been * orw s ® this year, but prices in both sections 6howeu a decline of about 2s per head, prime lamb being bought at values in the vicinity oi 7d to 7Jd per lb. Extra prime heavy wethers sold up to 35s 6d (special line), medium-weight 23s to 24s 6d, light from 1°» 6d to 21s. Prime heavy ewes brought up to 235, medium 17s to 20s, light 14s, prime shorn wethers 225, medium 18s to 20s, lighter down to 17s; best shorn ewes 18s, medium 14s to 14s 6d, lighter lis 6d; prime heavy butchers lambs 24s 6d, good 18s to 20s, lighter sorts 14s to 17s. JFat Cattle—Prices were easier than hav .® been ruling for some time, and only a i®.® ll percentage of the entry was of good quality. Prime bullocks brought up to £l9, moaiuni £l3 to £ls, lighter £9 10s; prime cows £lO 17s 6d, medium £8 to £lO, lighter £5 10s; prime heifers £ll 10s, medium-weight £9 to £lO 10s, and lighter £7.
PROPERTY AUCTION.
Messrs H. G. Livingstone and Co., afc ?. ei r rooms yesterday, submitted to public auction on account of the first mortgagee, a property situated No. 91 Wilsoa'a road, St. Martins, comprising 82.4 perches, together with roomed bungalow, garage, and other improvements. The property was passed in, the serve price of £960 not being reached. Tha property at No. 313 Park road, New Brighton, comprising section of twenty perches wiw tiled-roof bungalow and garage, was also * u ht mitted, but was passed in, the reserT# £440 aot being stacked*
LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ a. d. K.2. Government Debentures— per cent. Inscribed, 1936 and 1930 — se 15 0 per cent. Inscribed, 1033 or 0 6 9S 8 0 54 per cent. Inscribed, 1933 90 0 0 99 10 0 5* por cent. Bonds, 1U33 99 ft 0 100 0 0 Other Debentures— Springs-KUeflmere Power Board, per cent., 11)35 96 15 ft 99 • 0 Mckerua Drainage, 6 per cent., 19*6 — JOS 0 0 Auckland Harbour, 5 por cent., 1935 — Sft 0 0 Backs Peninsula., 6 per oont., 19 58 — 101 10 0 North Cantcibury Hospital, 5£ per cent., 1032 frT 0 9 w © 0 Banks— Australasia 9 O 0 10 0 0 Comm. of Aust. 0 16 3 0 16 4 Comm. of Aust. (pref.) 6 b 0 6 12 0 Comm. of Sydney 16 0 0 17 0 0 K., S., and A. 4 17 0 & 2 6 National of Australasia (jeiO paid) 10 « 0 11 I 0 National of Australasia • (£5 paid) 5 0 ft K 8 6 National ol N.Z. (cum 0 div.) 5 0 0 5 10 New South Wales 2S 0 0 29 7 6 Now Zealand (cum dir.) 2 12 8 9 13 a Union of Axist. 9 S 6 9 0 0 Insurance- — A.P.A, (cum Air J « « 4 ft <5 5 Standard — 2 10 0 Us 1 ted — 7 10 0 Loan and Agency— Dalgcty sod Co. 7 a e * e 0 Goldsbrough, Mort (cam div.) 1 1 0 1 1 10 N.Z. Guarantee Oorprt. 0 7 1 0 7 s United Building Society 0 14 6 0 is 0 Frozen Meat— Gear 1 i<f 0 N.Z. Refrig. <£1 pei3) 0 * ft .— N.Z. Refrig. (10s paid) 0 2 0 0 2 11 North Canty. .Freezing 0 1 6 Woollens— Hosgiel .. « « • — Coal— Grey Valley (cum dir.) 0 1ft 0 — Westport Coal — 1 9 0 Stookton (prof.) . .. _ 0 2 3 Gas— Auckland 1 5 0 1 A 'a ChrisfcchurcJb. 1 4 » 1 & 2 Christchurch (10s paid) ~~ 0 12 6 Breweries — Carlton 1 4 ft 1 4 8 Monteith's .— 0 19 0 Now Zealand (cum div.) 3 2 T a 8 4 .Staples — a 0 0 Toohcys .. _ •— 0 17 6 Tooths 1 I « 1 4 S Miscellaneous — Australian Glass (ex div.) 1 8 s 1 7 8 Beath and Co. — 1 5 6 Boath and Co. (Is paid) 0 4 0 0 4 a British Tobacco 1 10 8 1 10 e Colonial Sugar 80 0 0 82 0 0 Dunlop Pcrdriau Rub' ber .—. 0 11 6 Electro. Zino (pref*) .. 0 17 8 0 18 0 Holden's Motors 0 8 9 0 9 9 Howard Smith — 0 14 0 Mt. Lyell (cum dir.) 0 ID 8 1 0 0 N.Z. Drug Co. — S 1 6 N.Zw Farmers' Co-o<p. (let pref.) .. — $ 10 0 N.Z. Farmers* Co-o$>. ("B" pref.) — « s 0 N.Z. Farmers' Co-op. (6$ por cent. Stock, 1940) — n 0 A N.Z. Farmers' Co-op. per cent. Stock, 1945) — 74 10 0 N.Z. Farmers' Fertiliser 0 15 9 Quill, Morris .. 0 5 Z 0 9 9 Taranaki Oil 0 X 6 0 2 6 "United Pictures 0 7 6 Wlufccombe and Tomba 3 S 6 3 9 0 Wilson's Cement 2 0 8 Gordon and Gotoh 0 19 6 1 5 0 Evans Atlas Flour *. 1 s 0 Mining— Cornish Point «. 0 0 .1 0 0 8 Kawarau .. ♦- 0 0 2 0 1 0 King Solomon 0 0 S 0 0 8 Mahakipawa 0 0 8 0 0 9 Okarito 0 6 6 0 5 7 Stoney Creek (7*d pd.) — 0 0 2 Winding 1 Creek (Is pd.) 0 0 n 0 0 6 Winding Creek (9d pd.) 0 0 01 0 0 2
£ s. a. Commercial Bank of Australia 0 15 3 Bank of New Zealand (cum div.) (2) 2 12 6 Tooths Brewery ... 1 4 0 Australian Glass (ex div.) 1 7 1 British Tobacco ... 1 11 1 1 11 0 5ft. Lyell (cum div.) 0 19 10 0 19 9 M'ahakipawa 0 0 81 Okarit.o ••• •». o 5 6 Sales Kcported— \itional Bank of Australasia (£5 paid) a 6 0 o 8 0 Rank of New Zealand (cum dir.) late sale, 1st ... 9 13 6 Bank of' Zealand (cum 12 div.) 2 6 Carlton Brewery J. 4 0 British Tobacco — i 11 0
Nov. 27. Deo. 1. Per ton. Per ton. Copper— £ s. d. £ a. d. Standard, spot 47 11 o 48 16 1§ Standard, forward 47 16 101 48 18 1J EloctrolytL© 61 0 0 51 10 0 to .. 53 0 0 63 0 0 ban £3 0 0 53 0 0 Head— Spot (V . 13 0 0 ifi 17 e Forward -» IS 18 9 IS 18 9 Spelter-— S-pot forward Tin — 14 18 9 H 16 10i 14 6 8 14 15 T| Spot JH 1 S 113 It 10% Forward 115 8 0 116 S 9 Silver— Standard, per os. 16 9-16d '.Sid Fina » »«r 6m, » 17id w»a
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Press, Volume LXVI, Issue 20101, 3 December 1930, Page 12
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3,097CHRISTCHURCH STOCK EXCHANGE. Press, Volume LXVI, Issue 20101, 3 December 1930, Page 12
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