CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVIII, Issue 20489, 7 March 1932, Page 10

CHRISTCHURCH STOCK EXCHANGE.

SATURDAY'S TRANSACTIONS. Firm but dull conditions prevailed on call on Saturday. Bidding was spiritless and the recorded turnover was small. Transactions exclusive of vestibule business were: * £SOO N.Z. Govt. 51 per cent. Bonds, 1937. 200 D.I.C. (10s paid). 300 D.I.C. (prei.). 100 Woolworths (N.Z.)', pief. cum rights. 500 Mahakipawa Goldfields. Sellers of New Zealand Government 4i per cents, due 1938 and 1939, reduced their limits to £93 and £92 lfs 6d, best buyers at £9O 10s; 5-J per cent. Bonds, due 1937, changed hands at £9B, market closing £97 1/s bci buyers, £9B 5s sellers; sellers or the i 5j per cent. 1937 Stock came down to £97' (an easing of 10s on Friday sclosiii£, business figure), buyers at £9o os. Bank of New Zealand shares appeared weaker with buyers at 425, sellers at 42.s 6d. Miscellaneous. Buyers oi Goldsbrough, Morts moved wp a point to 21s 7d, sellers at 21s Bd. The market for shipping company shares was bare. Westport Coal Co. shares were offered at 20s Bd, buyers at 19s lOd. D.I.C. ordinary 10s paid shares had business at 12s —the ence realised 20s 3d, market closing 20, buyers, 20s 6d sellers. Buyers of IKmlop Rubbers raised their bids to 10s 7d, sellers at 10s 9d. Electrolytic Z'inc preference shares, cum dividend, were stronger on buyers' offers 20s 9d, sellers at 21s 9d. Buyers of New Zealand Farmers' Co-op. 6$ per cent. 1940 Stock advanced their offers to £42, sellers at £47 15s. Woolworths (N.Z.) preference cum rights had business at 255, closing quotations 24s buyers, no sellers. Sellers of Wilson's Cement shares came down to 295, buyers at 23s 1 3d. King Solomon Gold Mining shares were wanted at Is 6d, sellers at Is Bd. Mahakipawas remained unaltered with buyers and business at 2sd, sellers at 3d'.

SYDNEY. On the Sydney Stock Exchange on, Saturday there was a sharp fall 111 Colonial Sugar Company's shares, which declined 30s to £4O 5s (reports a Press Association cable Bank of New South Wales at £29 10s, and Commereialßanko Sydney ab £l6. Commonwealth. Bonds were practicaily unchanged. brough, Mort- shares sold at -4s dividends due. Due on . 0 „ ilar. 5 Golden Progress—l-S P-c- , Standard Insurance —interim, la Mgr 7 a share • ' " 8 Adelaide Steam—lnterim, 2 p.c. National Mortgage —final, H P 1 - Mar 10 (tax free) •• Huddart-Parker, Ltd.—final, pref., l2 3 p.c.,; ord., 2J p.c. ■ • North Broken Hill —quarterly, 3 6d (payable Melb.) ■ • " 3 British Tobacco—quarterly, 14 n Beath' C ' and Co.. Ltd.-interim, pref., 2| p.c.; ord., 4 p.c. Bank of Australasia —final, 4 pj • (subject to English income x tax) * * , Howard Smith— quarterly, cum 5 pref., 6 p.c. P-a. , . ; Electrolytic Zinc, P " year ended Dee. 31st, 193., Broken P '°HiU South—3Bth, Is a share (payable in Melb.) P debentures. (UMIT£D I-KEBS ASSOCIATION Bl' ELECTRIC telegraph—coriKiGJj;r.) LONDON, March 4. £ s. d. - Peninsula and Oriental .. 1 - Mount Lyell •• • • 016 10 * FOREIGN EXCHANGES. IBMTISB OFFICIAL WIRELESS.) . (Received March 6th, 5.5 .p.m.) RUG-BY, March 1. The following are the current rates of exchan-e compared with those of March 3rd

SMITHFIELD PRICES. The New Zealand Meat Producers' Board has received the following message. from its Londoa office, dated. Marph sdyising that the following ars appß>sfl<iat6 average prices-Realised -for the wfielc, baaed on actual transactions of wholesale Quantities of the descriptfons of .meat mentioned, 'and are for. representative parcels ofthe-goods offering during the. week,; bei^g.-for bußiness done on the basis o£ delivered to' Srttthflwd market and/or ex London stores.- -(Prices.'for the two previous weeks . also : >. . ■ • i'eb. .v£: 26. 19. fIJT-' <i. d.

Lamb Market—Although easier earlier in the week is now firmer, with better tone. Market closed at slightly increased prices than quotations. _ x Mutton Market—Wethers slow, with prices unchanged. Ewes firm owing to short spot stocks. Beef Market—Depressed on account of low prices Argentine chilled beef. • New Zealand Porker Pigs—Market quiet and unchanged. New Zealand Baconer Pigs—Nominal. .The Bank of New Zealand has received the following advice from its London office, as at close of business this week: Frozen Meat—The demand for wether mutton is quiet and unchanged. The market for jiwes is short of supplies and prices are nominal. There is a good demand for lambs, and prospects are more favourable.

DAIRY PRODUCE. The New Zealand Dairy Produce Bi ■ ' lias received the following market repc - its London office dated March 4tli:— . Butter—New Zealand, salted, log* tu 110s (last week 107s to I09s), unsalted 114s to 118s (114s to Jll6b) ; first Whey tf34s (100s) second whey 102s (98s); Australian, salted IOSs-to 106s (102s to 105s), unsalted 106s (105s to 108s); Argentine, unsalted 106s to 110s (106s to 110b), market steady* Danish, 118s f.0.b., .136s to 140s spot (127s /I o! 40 ' 43b * • Dutcl1 ' unßalted 114s to 116s (120s to 1225), market quiet; New Zealand retail price Is 2d, Danish Is 4d. •Cheese —New Zealand, white 60s to 61s (60s to 61s), coloured 6lg to 63a "(60s to 625); Australian, white 60s, coloured 59s <_o 60s (58s to 60s); South African, white 595; Canadian, white 68s to 74s (68s to 74b), coloured 68s to 72a (68s to 725). Market quiet. New Zealand retail p'riee Bd.

LATEST QUOTATIONS. Buyers. Sellers. £ a. d. £ e. d. N.Z. Government Debentures— ilj per cent. Inscribed, ' 1938 — ' 93 0 0 4£ per cent, inscribed, 1939 •• ' 90 10 0 92 17 6 ■ii per cent. Bonds, 1938 and l&ll 90 0 0 — 4j per cent. Bonds, 1939 90 10 11 98 (1 0 51 per cent. Inscribed, 1941 — 95 0 0 5J per cent. Inscribed and Bonds, 1933 .. — 99 0 0 51- per cent. Inscribed, 1936 90 0 0 97 17 G 54 per cent. Bonds, 1936 90 .0 0 — 54 per cent. Inscribed, 1937 . 93 0 0 97 0 0 5£ per cent. Bonds, 1037 97 12 6 96 5 0 Other Debentures— N.Z. Refrig., 64 petcent., 1935 — 39 0 0 Booth, Macdonald, 6£ per cent., 1937 — 60 0 0 Banks— Australasia (cum div.) 9 1 0 9 5 0 Comm. of Aust. 0 13 11 0 14 1 Comm. of Sydney — 14 15 0 National of Australasia (£5 paid) 4 16 0 4 19 6 New South Wales 24 10 0 25 0 0 New Zealand .. 2 3 0 2 2 5 Union 6f Aust. 6 16 0 7 0 0 Insurant— v ' • ... 1- 16 0 1 17 -6 South British v 2-11 0 Standard (cum div.)' — 2 2 0?: Loan and Agency— Christchurch - Building Society ,. ' . 10 0 0 32 10 0 Goldsbrovtgfh, Mort 1 1 7 118 Dalgety and Co. ' ... 7 1 0 7 7 0 N.Z.Guarante# Corpn. 1 • — 0 4 6 "United Building-Society (cuin^iv.) 0 14 S 0 IS 3 Frozen Meat— .' ' \ N.Z. Refrig. (10s paid) 0 3 3 0 8 7 Woollens— Kaiapoi (17s paid) 0 5 0 0 a 0 Coal— ' Criey Valley .. — .0 14 0 Weetport - 0 19 10 1 OS Stookton (ord.) 0. 0 4 0 0 6 Stockton (pref.) .. 0 0 4 0 13 Gas— Christchurch (IDs paid) 0 11 0 0. 12 0 BreweriesNew Zealand .. .. 1 3 9 13 8 ' Staple*'• 1 0 6 • 13 0 Timaru (7s 6d paid) v — 0 5 9 Tooths - 1 3 6 14 0 Miscellaneous— Allied Motors 0 13 Beatli and Co. (pre/., cum div.) 0 19 9 1 S 0 D.I.C. (pref.) .. 1 0 0 10 6 Dunlop Rubber • 0 10 7 0 10 9 Electro. Zinc (ord.) 0 12 0 — Electro. Zinc (pref.) .. 1 0 9 119 Gordon*and Golch . 1 3 0 16 0 Henry Jones Co-op. '.. 1 4 6 — Mt. Lyell 0 19 6 0 19 9 N.Z, Drug Co. — 2 7 0 N.Z. Farmers' Co-op. (6J per cent. Stock, 1940) 42 0 0 47 15 0 N.Z. Farmers' Co-op. (6i per cent. Stock, 1945) .. * 41 0 0 48 - 0 0 United Pictures —. 0 18 6 Victoria Nyanza Sugar 0 14 0 — ' Wilson's Cement 1 3 3 19 0 Woolworths (N.Z.), pref., cum rights 1 4 0 — MiningAlexander .. 0 7 6 Alexander (contr.) 0 6 0 — Oornish Point 0 0 1 0 0-2 Golden Dawn .. 0 6 6J 0 7 0 "Golden Point .... 0 0 7 0 0 8j Kav/araii 0 0 3 — King Solomon 0 1 6 0 18 Ttfahakipawa (ord. aitc ' pref.) 0 0 24 0 0 s Okarito 0 9 2 0 9 5 Wa.ihi ... .. 0 16 0 0 16 7 Waihi Grand Junction 0 3 6 0 3 11 Blackwater 0 5 6-0 6 11 Consolidated Goldfields 0 1 • 7 0 7-7 SATURDAY'S SALES. CHRISTCHURCH. Sales on 'Change— £ s. <3. N.Z. Government 0 i per cent. Bonds. 1937 (2) 98 ,0 0 Woolworths (N;Z.), pref. cum rights ... 1 5 0 Mahakipawa ... 0 0 25 Sales Reported— D.I.C. (10s paid) ... ... 0 12 -i) D.I.G. (pref.) 10 3 AUCKLAND. Sales Reported— £ s. d. Bonds, 1938, per cent. 93 0 0 Bonds, 1937, oi per cent. 97 10 0 Commercial Bank oi Australia 0 14 SK Bank of New Zealand 2 2 7 Auckland Gas 1 2 .0 WELLINGTON. Sales Reported— £ s. d. N.Z. Govt. Bonds, <H per cent., Feb.. 1937 98 0 0 "Four and a half per cent., 1938 93 0 0 Four and a half per cent., 0 0 . .1938 . . ...

and par: — Paris, fr. to £\ New York, dol. to Montreal, dol. to XI Biussels, belg&B to £1 Ueneva, fr. to £1 Amsterdam, fl- to £1 Milan, lire to. £1 Berlin, reichmarken to £1 .. Stockholm, kr to £1 Copenhagen, kr. to £1 i Oslo, kr. to £1 Vienna, «chgs to £1 Par. 124.21 4.860 4.865 35 23.226 12.107 93.« 20.43 18.159 18/159 18.159 34.585 Mch. 3. ■ 881 3.49i 3.63 25.074 18.074 8.661 671 14.70 j 8.1 T.8.1'5 18| 32 /n«m Mch. 4. 89J 3.50* 3.93 25.14, 1 a 07| 14.75 18.15 18.15 18 3-5 32 Prague, kr. to it Helsingfors, marks to £i Madrid, pesetas to fl Lisbon, esc'idos to £1 Athens, drach to fl Bucharest, lei to fl Hio de Janeiro, pence to milreis Bueros Aires, pence to dol. Montevideo, pence to dol. Bombay, pence to ranee .. SLfanchai; prnce to tael TTon"' Kong-, pence to dol. ... • Yokohama, pence to yen 154.25 93.25 94.225 4.50 37.* 81 #.6 4.988 47.577 51 16 241 21 24.85 137J ll&i ■ 224 225 46J 455 109£ 109J 272A 275 . 3S2i. 590 4 1-16 4| 4GJ 40 3-16 30} 894 mom.) (nom.) 18 5-32 18 7-32 23 1-16 32 31-32 17 3-32 17 3-32 22» 23J; FROZEN MEAT

New Zealand Sheep— • Canterbury and \ North Island selected crossbred wethers and ■ maiden ewes: 4£ 4} 48-561b 41 ... 57-641b ... 41 4 h 44 65-721b ... 4i 41 41 North Island: • 46 48-561b .. 41 48 57-6 41b .. ... 41 41 41 65-721b 4J 41 41 Ewes: ■' '■ , 1 '.' " • • > 481b and-under' 3-f. ■31 31 48-641b •' " v. 1 31 <'3» 3 65-721b " • - .. 25 21 22 New-Z&land Lambs —. Canterbury: . . «• 361b and under 6i 61 6J 37-421b .. 6* 6| 7 4a-50lb .. 6S 61 64 Second quality: . Aver'agfe 831b ". ' : '6. 6 61 Selected - North Island brands including Downs: 361b and under. 6g .61 . 61 37-421b 6 61 6 * Second quality: Average 311b 6 6 61 Other- North Island brands: First quality: ' 361b and under ' .. « 6 6i 6i 37-42lb 6 61 6| Second quality: Average 311b .. 51 5i # Australian Lambs — Victorian: First quality: 361b and' under 5i 5i 51 37-421b 4i 41 Argentine LambFirst quality: 361b and under .. 5i 5i Si 37-421b 4? 43 5 New Zealand Beet — Ox fores 2 2 2 Ox hinds 3 3 3 Argentine Chilled Beef— Ox fores Si 31 •3-i Ox hinds 45 43 41 Australian Frozen Beef— Ox crops, over . 1001b 28 2i 2a ■ Ox hinds,' over' 1601b 3i 3J 31 N.Z. Prime Porker Pigs— 60-1001b . . S 5 5 101-1201b 4f 4| 4| .N.Z. Prime Baconer Pigs— 121-1801b 4! V 4| 41

Wethers— Per lb. rf. d Light .. 4} to Heary Ewes Lamb*— .. 3 to 41 .. 2J to 3£ 2V .. 6 to 6| 8 '* 4'* Seconds .. 6i to 61 .. 6| to 62 ✓ 55 to 6|