CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVIII, Issue 20495, 14 March 1932, Page 12

CHRISTCHURCH STOCK EXCHANGE.

SATURDAY'S TRANSACTIONS. The markets "were dull on call on Saturday .morning, bidding for most' classes of stocks being spiritless, buyers of Government stocks having receded following the publication of; the Economy Commission proposals tp. balance the Budget. Transactions, exclusive of ..vestibule business, were: — 23 E., S., and A. Bank. o Bank of New South Wales. 375 Bank of New Zealand. 200 New Zealand Breweries. •200 Christchurch Gas. 900 Mahakipawa Goldfiejds. New Zealand Government -four' and a half per cent, tax tree issues were offered at £92 10s, buyers at £B9. Sellers of the 51 per cent.. 1937 issues were offering at buyers at £92; E.,- S., and A. Bank shares'eased Is to business at iA Is, 6(1, with closing quotations 6cL on either side. Bank .of New South, Wales were firm at £25. the market closing 2s 6d either way. Bank of New Zealand shares were firm, with dealings at 42s 4d, 42s sd, and 42s 6d, closing quotations 42s 4d buyers, 42s 6d sellers. Buvers of New Zealand Refrigerating fully paid shares raised thenbids to 9s 9d. ; sellers'at 10s 2d. Christchurch Gas shaves realised 24s 6d, sellers staving in' at that pnee, buyers at 24s 3d--the'los paid claimed buyers nt lis Bd, but sellers wanted 12s. 3d.; New Zealand Breweries changed hands at 23s and. 22s 9d.- and more were offered at 23s 3d, buyers at 22s 6d. Australian Glass shares hardened to 29s 9d bnvers, sellers at 31s 3d. Buyers of British Tobaccos, cum dividend, raised thwir bids to 26? 3d; at "fe 7d Unsupported sellers of Burns, Philp wme down to 36?. Whiteombn and Tombs were mnrked, ex dividend of Is Gd r>er share, 50s buyers, 56s sellers. Wilson's Cements were easier, with rollers at 28s. buyers at 245. Mahnkipsiwas were firm with dealings at 4d,-sellers staying in at that figure, buyers nt 3!d. ' Golden Dawn were fraction:* Sir firmer on buyers' oflV's. 7s, sellers at 7s Id. Sellers of Wailn Grand Junction Teduced their limits to 3s Bd. buvers at 3s sd. t . ; LATEST "QUOTATION^. Buyers. Sellers; ,je..s. d. £ s. a.

SYDNEY. Sales on the Sydney Stock'. Exchange! on Saturday morning "were as. follows:—:

DIVIDENDS DUE. Euddarl-Paikfir, Ltd.—final,. pref., ' . S p.c; ord., U p.c... •■ U**-:\l\ Toohoy's Brewery—interim, 6 p.c. Mar. 15 North Broken Hill—quarterly, Is 6d ' ; (payable Melb.) ... ~- M w- .^j Amalgamated Wireless—interim,-' . j p.c. per annum .. •• yjar.. ; Pukemiro Collieries-interim, 2i p.c. Mav. 30, British Tobacco—quarterly, 1J pc. Mar. 31 Beath and Co., Ltd,—interim, pref.. ' 2» p.c.T ord., 4' p.c •• •• Ma r- 3l P.ur,lop : Perdriau ~;K.nb-ber Co.—in-• . > ; terim,;nref.,, 5 p.c. •• .•• .alar, di, Bank of Australasia—final. 4 p.c; ■ I (subject to English income tax) Apl. 1 Howard, Smith—quarterly, cum p pref., 6 p.c, p.a. •■ •■ A P'- ■> Electrolytic Zinc, pref—halt-year ended Dec. 31«t, 1939, 4 p.c. Apl. U Broken Hill South—Bßth, Is a share (payable in Melb.) .. ■■ Apl. U Kcmpthorne, Prossev—final. 1 p.c. P. AND, 0. DEFERRED STOCK.

(Received March 13th,. 5.5 p.m.)' .■■..-■ LONDON, March 11. P. and O. deferred atock is quoted at 22;

THE MEAT MARKET SMITHFIELD QUOTATIONS. BOARD'S WEEKLY REPORT. The New Zealand Meat Producers'' Board has received the following, message from its London office, dated ,Marcli; 11th,. advising that the following are the approximate average ' prices realised for the ; week, (.based on actual transactions of wholesale;- quantities of the descriptions of meat mentioned, and are for representative parcels- of the. goods offering daring'the week, being: for business done on the 'basis of delivered 'to : Stnithfleld market and/or ex London stores. (Prices- for the two previous weeks are also shown): —

The Bank of New- Zealand has received the following advice' from its London office as at close of business last week:— Frozen Meat— r The market for wether;mutton is quiet and unchanged. The market for ewes is more active. The: present demand for lambs is good, and likely to con,: tinue. The market, is firmer for lighterweightß, Heavy-weights are, steady. Per Lb. : d. d.

DAIRY PRODUCE. The New Zealand-Dairy Produce Board lias received -the following market report from its London office/dated March 11th, 1932: — Butter—New Zealand, salted 110s to 112s (last week' 108s to 110s), unsalted 114s to 118g (114s to 118s) ; first whey 102s (104s), second whey 100s (102s). Deliveries, New Zealand,- 1650 tons, in store, New Zealand, 3800 tons (includes 88 tons Matakana, 375 tons Bangitane, excludes 325 tons Pakeha). Australian, salted 104s to 107s (103s to 106s), unsalted 106s to 110s (106s to 110s); deliveries Australian 8043 tons,, in store Australian 2783 tons. Argentine, unsalted 104s to 110s (106s to 110s) ; Danish, 107s f.0.b., 128s spot (118s, 136s to 140s). Market quiet. Betail prices unchanged. New Zealand Is 2d)' Danish Is 4d. The Empire Marketing Bbard's estimated stocks of all batters are 358,109 boxes, compared, with last year 266,695' boxes. Italy has increased the duty on butter to 250 lira per 100 kilos. Switzerland has reduced the duty by 80 francs to 150 francs per 100 kilos, but is imposing a quota from April • Ist. France has increased her import quota for the March • quarter by a further 1200' tons to 3600 tons. The export of imports from London: to the Continent is negligible. On the part of Germany there is small buying owing to the difficulty of securing foreign exchange. Danish. exports have not cleared this week, »nd are offering at 102s to -IP4s f.o.b. The recent high prices of-Danish butter stimulated northern demandfor box butter. Cheese—rNew Zealand, white 61s to 62s (60s to 61s), coloured 625. to 635. (61s to 03s). Deliveries New Zealand 21,796 crafcs,' in store New Zealand 75,318. crates (includes 6000 crates ex Bangitane). Oapadian,' white g?s to 7Ss (68s to 745), coloured, exceptional 7*B 72s). Deliveries Canadian 5083 boxes, in store Canadian 122,617 boxes. Hur-' ket quiet. New Zealand retail price 8d Th Board has also received the following advice from its agents in/Canada: Butter In®* York 22 J cent*, "Montreal. 25 eents.

N.Z. Government Debentures— 4j per cent. Inscribed,: 1938 89 0 0 92 10 .0 i\ per. cent. Inscribed, 1939, and Bonds, 1938 89 0 0 —. 4J per cent. Bonds, 1939 : 89 0 0 .92 10 0 5i per cent. Inscribed, 1941 — 95 0 b 51 per cent. Inscribed, 1933 ... 96 0 0 ' — Si per cent. Inscribed,. February, 1937 92 0 0 98 0 0 5j per cent. Bonds, February, 3937 92 10 0 97 10 0 Si per cent. Inscribed, September, 1987 92: 0. 0 ,97 10 0 GJ per cent. Bonds, September, 19S7 92 0 0 96 0 0 Other Debentures — Christchurch City, »i per cent., 1946 — 99 0 0 BanksAdelaide — 4 19 6 Australasia (cum div.) 6 IS 0 9 1 0 Comm. of Aust. 0 13 10 0 18 11 Coram, of Aust. (pref.) 6 2 6 6 15 0 Comm. of Sydney 12 IS 0 34 10 0 E., S., and A. 4 1 0 4 2 0 . National of Australasia . .- (£10 paid) 9 5 0 — of Australasia "■• 's r = (£5 paid) .. 4 U 0 t 18 8 Kew South Wales 24 17 e 25 2 6 New .Zealand '.. ' 2 '2 ,4 2 2 6 New Zealand ('<»" Mortgage shares) . .r .— ■'' ' 1-7 3 .Union of Aust. ■'. •.. ' ""' '8 17' 6 Insurance— •/■ •;.-.. ; : Queensland. ■•'■'■a a 6 ■ Standard .. - ' '..* — 2 ; 1 0 Loan and Agency— I Dalgety an,d. Co.. _ 7 . 0 0 ; 7 .7. 0 ' Golosjb.xougn, ;Mort {'.. :. lOl '*•* . 1. i li United Building' Society (cum, div-.) ... ■;■-•- ; •;.. '." ■" i 0 16 0 Frozen Meat— N.Z. Refrig: " (iEX -paid)' ""b 9 9 0 10 2 N.Z. Befris. ,(10» paid). 0 3 8 0 S 10 Coal— Westport 0 1*> 3 Stockton (ord.)' 0 0 5' 0 0 7 Kaitangata (£1 paid) .. 0 17 0 Gas— Auckland- ; .-, • .... - r 1: 6 . '. Auckland'(contr.) .. 013 0 •' , .14 3 14 6 ■ Christchurch (10s paid) 0 11 8 . .0.12 3 Breweries—^'.. / , ' ; New , Zealand .'. ' ,.'. ■ -l-'3, 6 ■■ iVs: 9 , Tooths . .. ... ; -1; 3', . 0 ; ; M : -s: 6 MiscellaneousAustralian Glass i 9 9 1-11' 3 British Tobacco (cum div.) 1 6 3 1 6 7 Burns, Philp — 116 0 Dunlop Petdriau Rubber 0 9 .7 0 10 0 filectro. Zinc (pref., cum diy.) .. ... 1 0 3 1 2 0 Gordon and Gotch 1 3 0 Henry Jones Co-op. .. 1 4 6 "Herald" and "Weekly Times" .. .. 1 16 0 ■ ' Kauri Timber 0 7 9 • ' ' Mt. Lyell 0 19 4 0 19 7 N.Z. Drug Go. (cum div.) 2 2 0 N.Z. Farmers' Fertiliser ' __ 0 15 0 United Pictures (cum . . div,). ... 0 10 0 1 0 0 Victoria Nyanza Sugar 0 14 0 0 16 0 Whitcombe and Tombs (ex div.) : 2 10 0 2 18 0 Wilson's Cement 1 4 0 18 0 Woolworths (N.Z.), pref., cum. rights 1 4 1 1 6 3 Woolworths (N.Z.), pref., .■''•• rights 0 2 3 . 0 8 6

Mining— Alexander (old.) .. 0 8 s Alexander (contr.) >. 0 9 s 0 11 8 Cornisli Point 0 0 l 0 0 2 Golden Dawn .. ' .. 0 7 0.0 7 1 Golden Point .... 0 0 7 0 0 8 Kawarau .. .. 0 0 3* 0 11 King 1 Solo won 0 1 4 0 1 64 Mahakipawa .. 0 0 si 0 0 4 Mahakipawa (pref.) .. 0 0 31 0 0 4J 0 5 9 Kuala Kampar 0 * 9 Okaritp 0 9 0 0 9 5 waihi 0 15 10 0 IB 3 Waihi Grand Junction 0 3 S 0 3 3 Blackwater ... .'. 0 5 9 0 6 9 Consolidated Goldfields 0 1 9 0 2 9 Kildara 0 1 3 SATURDAY'S SALES. CHRISTCHURCH. Sales on 'Change — £ .». d. E./ S.j, and A. Bank ,. 4 1 6 Bank of New Zealand 2 2 4 02) 2 2 5 2 6 New Zealand Breweries 1 3 . 0 1 2 9 Mahakipawa Goldfields (2) 0 0 4 Bank of New South Wales 25 0 0 Christchurch Gas i 4 6 AUCKLAND. Sales on 'Change— £.' s. f). Bonds, 3937, 5* per cent 97 10 0 Inscr. Stock, 1988, 4-J per cent. 92 10 0 Otahuhu Borough, 1961, ; 6 - per cent. 99 0 0 Bank of New South Wales 25 0 0 Waihi .... 0 16 0 Mount Lycll 0 19 3 Okarito • .. 0 9 il Mahakipawa .. .. 0 0 3

WELLINGTON. Sale on 'Ohange-*- £ s. d. Bank of New Zealand 2 2 1 Sales ReportedStaples and Go. • • Bank of New Zealand 12 0 2 2 3

(.!•.'■' ' £ is. d. Bonds, 4 per cent, 1938 94 16 94 15 3 o Bonds, 4 per cent., :194'4 .. 91 15 9117 0 6 Bonds 4 ner cent'.. - 1951-5;} so; 0 0 Be >nds,. 4 per e< jntij' 1951-59 91 17; 6 Be mrls. 4- nor c< snt.. 1951-01 ' 92.., 0 0 — —", — c~ ' . 91'17: 6 Bonds (£10), 4 per cent., 1944 9 '■■ 3 . 0 Commercial Bank of Sydney 15 17■'6 Tooth's Brewery .. 1 5 71 British Tobacco . • 1 IT)(5

Mar. 11 mar. 4. 2fi. d.d. d, New Zealand Sheep— Canterbury and North Island selected .crossbred - wethers and maiden .... a ewes: 48-561b .. .. 4| 4i .''45 57-641b . . "' .. ■n 4i 4-i 65-72 .. 4i 41 4i North Island: s 48-S61b .. 44 4B 4E 57041b .. - 4g 4* 4i 65-721b .. .4 4* 41 Ewes: ' 461b and under 3g ; H 3i 48-G41b .. .. 3* Si '»• 65-721b ■-% 2 J New Zealand Lambs—— Canterbury: ..,361b- sad under 6g 6* 6 J 61 6i 68 i'48-fi.Dlb ... ,, • . 6J 68 01 Second-quality:., -'Average 331b '. " ':.-. '• 6 i ! ~ 6 6 Other 8,outh Island brands; ; : >' " 361b'and under'; .,•.' . -Npf, quoted .v.: :::;s7-izib ; ;\.v; ~ ';'■ .Niris quoted '■' ■•'48-501b'- l -; ; --';' ! '' J,: '--v : '-„ /-Noifiquoted Selected " - ■ -'North,: Island. . bran da:;" . including , ,'v'i. r; , , Downs: . , '". ' , . 361b and under .. '".far ',6 a. 6% 37-421b • '■■* .'. •'".'. '; M 61 6| • !43.501b ; ' ;..; .•:.,: Not quoted Second quality: ■ Averaga 3 lib 6i" 6 - * '' Other North Island brands: First quality: , , 361b and under ,.. . 6i 6?61 37-421b 68 • 6 61 Second quality: .;,- Average" 311b •■ ' ,. 6 '51 5-J Australian Lambs— . .,'. "Victorian: First quality; . .. ,, . 361b and under'.'' v. sj^ 54 5i 37-421b •>*•';;■. 4J 41 Argentine Lamb — First. quality: ; 361b and tinder •" '".'. ■'Sir. ■ '51 51 . ,.,:■ .37-42W . ..;. . :...... ■*i;.^ $? 4J New Zealand Beef— "■.-.■■,'4 -. .- Ox fores V-W.;.. ; , Ox hinds .. ?!»;.. 2.J'.-' .via;. 2 . -.3'. ' : ■:\3 ' 3 '.'■'■' ~ : Cdw*hinds*..'.'" '-"'•'.;'■ Not quoted '■;■.' . Cow fores' ■ v ■'■,-;... Not Quoted Argentine Chilled Beef— .' ; -Ox fores- •'■■' .■. -.-..'■ ■;■'■. »i f 31 31 ■"i •■ iOx hinds ;■.' ±\.< -Sj'i 4J ,45 Australian Frozen Bpef-r- . . !■ Ox crops, over 10 01b ■2i: ; 2-1 2i ; ■:' Ox hinds-, «wt 1601b :. 31 '.'3i 3i N.Z. Prime Porker Pies—-' -■-; ••' 60-lOO]b: -,..!. : . . ■',/*•. lS-:..'y •5 jjV 101-1201b 41 41 4S N.Z. Prime Baconer Pigs— 121-1801b .. 43 • - 42 4S N.Z. Frozen Veal ' :.-. Not quoted' Lamb Market—Firmer at better prices. Tone, of market lias improved Mutton Market—Wethers quiet t md i slow, ■with heavy-weights slightly easier. 3 Ewes firm, owing to short spot stocks. Beef Market—Slightly better den: Land. owing to increase in prices of ■ Argentine chilled beef. New Zealand Porker Pigs--^-Steady, with good enquiry for light-weight.

Wethers — Light .. 4.fc to 4£ Heavy ',. .. 3ft to 4i Ejyes ...•21 too 3| Lambs— ■ 2's- ■•■•.-.. ■', .J '6i to. 6| . 8's .. .. 61 toeg 4'g .. ei to 6| Seconds ..el to «1