CHRISTCHURCH STOCK EXCHANGE.

Press, Volume LXVIII, Issue 20496, 15 March 1932, Page 10

CHRISTCHURCH STOCK EXCHANGE.

YESTERDAY'S TRANSACTIONS. t Markets generally were dull and,- insactive on call yesterday, and dealings ■were restricted to a few stocks. Transactions, exclusive of vestibule -business, were:— £SOO New Zealand Government, 4 per cent. Bonds, 1939. . £2OO New Zealand Government, 5* per-cent. Bonds, September, ' ' 1937. 5 Bank of New South Wales. 50 Bank of New Zealand. 4150 Mahakipawa Goldfields. , 350 Okarito. . . New Zealand Government, 4£ per cent. Bonds, due 1939, dropped to £92, market closing £9o' 15s "buyers, £92 10s sellers; 5 J per bent. Bonds, due September, 1937, had .business at £9B 2s 6d, market closing £97. Jss buyers,- £9B Bank of New South "Wales shares were firm at £25, sellers staying m at that price, buyers at £24 10s. Bank of New Zealand shares relapsed to 42s fd, and there were further buyers at that figure, sellers at 42s od. Union Bank of Australia shares were weaker, with sellers at £6 15s 6d, buyers at £6 lis. Sellers of Commercial Bank of Australia shares, preference, reduced their limits to £6 7s 6d, buyers at £6 2s 6d. Miscellaneous. Unsupported sellers of Standard Insurances came down to 40s. Buyers of New Zealand Refrigerating,: fully paid, moved up . a, point to 9s , 10d; sellers at 10s 3d. ' Westport Coals were offered at 20s 3d, buyers at 19s 3d: The market for Shipping. Company shares was bare. Brewery shares were firm ait late rates/ ' Gordon ana Gotch shares were stronger,- with buyers 23s 9d. sellers at 255. Mahakipawa Goldfields shares showed r, hardening tendency, with dealings at 4d and 4Jd, market closing 4d buyers, 4£ sellers. Okaxitos shaded to dealings at 9s l£d, 9s Id, 9s, 8s lid; and 8s lOd, and there were further sellers at 8s lid, buyers at 8s 9d. Waihi? were easier, with sellers at 16s 2d, buyers at "Los 9d. . King Solomons weakened to Is sellers. Is 3d buyers.' " T . I IiATEST QUOTATION®. Buyers. Sellers. £ B. d. £ <iK.Z. Government Debentures — ,4s per. .oeat. Inspribed, ' i<>26 .. : 90 0 0 m 15 0 per cent, inscribed, 1939". '■ 92 10 0 4J per c'tnt. Bonds, 193S .. .. 90 10 0 92 10 0 4i per cent. Bonds, ' ' . . •: ; 1930 .. 90 15 0 &2 10 0 5£ per cent. Inscribed, 1937 ... . .. 5i per cent. Inscribed, 1941 ... ".. —' 95 0 0 5i per cent Inscribed,. 1933 .. : .. 5i per cent. Inscribed, February, 1937 .. 92 0 "0 97 10 0 5i per cent. Bonds, February, 2937 .. 97 2 6 5i per cent. Bonds, September, 1937 .. 97 15 0 96 10 ft Other Debentures— Chrittchurch Trams, 5j 194J .. .. Christchurch City, 5J per cent.. 1945 Ashburton . Electric, 51 ... per cent , 1935 Banks— Australasia (cum div.) S 10 0 9 2 0 Comm. of Aust. . 0s 13.11 0 14., a Comm. of. Aust, (pref.) , 6 2 6. 6 7 ,4 , Comm.- .of Sydney 12 : 13 0.J14 10 -0 ; Jfati'ona> of AastralaSia;.. v. ~f \< (£I0?-paid) ' .V , 9 5 0 New South Wales ... '24 10 0 25 0 ; 0 . New Zealand... 22 4 2 2-5 Unioii' o! Au»t. • ■ .. til 0 .6.15 . 6 Insurance— / ' : -v.].' ' 'NitionftV • ■ ■ : " o/ll- % H .' 0"'12 New Zealand, i. ~ 135 •6'"' 1:17 6 South British - Standard , ~ .. ' ' ~ 2 0 0 LoanandAgeijcy— ■ i Dalgoty end Co. 7 1 0 7 ' 8 6 Goldebrotigh; • Mort 11 6' 1 ' 1 9 • United Building Society (cum.dir.) .. .. 0 16 0 Wright, SU-plienson , • (ord.) ■ 0 I' 4 8 'Frozen Meat— \ '* \\ : N.Z. Refrig. (£1 paid) ' ' 0 , 9 10 , 0 10 5 N.Z. Refrig.' (10a paid) ' 0 3 8 0 S ; 1} Woollens-r j : ICaiapoi (17» paid),. .. , 0 5.11' 0 6 10 Coal— ' . ;■ 'Westport - ... .. 0 19-3 10 3 G-afrr-Christchurch .-. . .. 1 4 0 1 4, 6 Christchurch (10s paid) 0 10 9 breweries— New Zealand .. . .1 8 0 1 S 5 Staples .. -1' 1 6 , 1 ' 8 0 : '.Tooths .. 12 It ,14 0- >'■ .Australian Glass .. 18 6 1 11 0 Beath and Co. (pref., ■ cum div.) .. 0 19 9 ISO British Tobacco (cum ■". ' . div.) .. .: 0 19 9 13 Q, British Tobacco (cum . div.) .. ... 16 117 0 Colonial Sugar' .'. S3 0 0 39*15 0 LJunlop Perflriau Rubber .. .. 0 9 1 - Electro. Zinc (ord.) 0 12 0 Electro. Zinc (pref., cum dir.) 1 0 ' 8 —" Glenmore Brick and - * Tile .. .. Gordon and Gotch- ... 18 9 15 0 Henry J ones Co-op. .. 12 0 . "Herald" and "Weekly Times" .. .. 1 15 0 4 Mt. Lyell .. ....019-1 019 5 N.Z. < Farmers' Co-op. (fij per cent. Stock, 1940) .. .. 41 15 0 43 .17 6 N.Z. Farmers' Co-op. (6£ per cejit. Stock, 1945) . .. .. 41 0 0 K.Z. Farmers' Fertiliser 0 8 0 0 15 0 United Pictures (ex j div.) .. .. 0 8 0.1 0 0 Victoria Nyanza Sugar 0 14 3 0 15 9 Whitcombe and Tombs 2 11 0 2 16 0 Wilson's Cement 1 10 0 Woolworthß (N.Z.), pref., cum rights .. 1 4 3 1,6 0 Woolworths (K.Z.;, pref., j rights .. .. 12.10 3 • 3 ' Mining— Cornish Point .. 0 0 1 0. 0 2| Golden Dawn .. 0 1 0 0 7 14 O olden Point .. 0 0 7 0 0 8 K&warau .. .. 0 0 4 0 1 3-j King Solomon .. 0 1 8 0 1 4J Mahakipawa .. ..0 0 4 0 0 4} Mahakipawa (prei\) .. 0 0 8J 0 0 5 Okarito .. .. 0 8 9 0 8 11 Waihi .. 0 15 9 0 16 2 Waihi Grand Junction 0 3 0 0 3 9 Blackwater .. .. 050 068 Consolidated Goldfields 0 2 0 0 2 5 YESTERDAY'S SALES. CHRISTCHURCH. Sales on 'Change—- £. s. d. N.Z. Govt. 5J per cent. Bonds, September, 1937 98 2 6 Bank of New Zealand .. 22 4 Mahakipawa ... (4) 0 0 4 (2) 0 0 4J Okarito ... ... 0 9 1* J(2) 0 9 1 0 9 0 0 8 11 .0 8 10 Sales ReportedBank of New' South; Wales 25 0 0 Four and a half per cent., Bonds, 193& ' ... 92 •() 0 , DUNEDIN. Sales Reported.— £ ». d. Bank of New Zealand (3) 22 8

AUCKLAND. Bales on 'Change—- £ s. d. Commercial Bank (pref) ~ Bank of N.Z. ... •• ? 2 4 ■Auckland Gas ... • • Z, Woolwortha (pref rights) 0 3 6 Consolidated Goldfields . 0 2 1 Mahakipawa .. - , ;.' ° 0 Waihi ' .. .. 016 0 WELLINGTON. Sales Reported—- • £ s. d. Four and a - half per cent. Bonds, 1941 ' '••• 92 0 0 Stnrlr 193Q ... 91 0 0, Bank'of New Zealand.... 22 6 Bank of New South Wales 2o 0 0 ■ SYDNEY. There was a small turnover of business on the Sydney Stock Exchange yesterday. Morning Sales — £ s. d. Commonwealth Bonds, 4 per _ : cent., 1938 ••• 94 lo 0. Commonwealth Bonds, 4 per cent., 1941 92 lo 0 Bank of New, Zealand, Sydney Register 22 0 Colonial Sugar ••• 41 10 Winchcombe, Carson ... O.U <■/ Bonds, 4 per cent., 1938 ... 94 12 0 Bonds, -4 per cent., 1938 ... 94 12 6 Bonds, 4 per cent., 1944 91 15 0 Bonds. 4 per cent., 1947 91 lo 0 Bonds, 4 per cent., 1950 90 7 6 Bonds, 4 per cent-., 1951-55 90 10 0 Bonds, 4 per cent., 1951-57 91 0 0 Bonds, 4 per cent., 1951-59 91 15 0 Bonds, 4 per cent.. 1951-61 91 11 3 Back *£: Australasia ' ... 10 " 0 Commercial Bank of. Sydney 15 17 6 National Bank (£5 paid) 5 8 0 Colonial Sugar ? n Australian Gas ••• 5 1 0 Australian Glass 1 14 ' ? .'Goldsbrongh Moi't ... 1 4 9 Tooth's Brewery •- 1 ■ /'«" Winchcombe, Carson 0 19 lU-, Broken Hill Proprietary 0 1 103 Zinc Corporation ... 110 0 NEW ZEALAND BUTTER PUBLICITY IN LANCASHIRE. ' (FROM OUR OWN COKBESPONDENT.) LONDON. February 2. A very effective publicity campaign in favour of New Zealand butter' has just been carried out by the New, Zealand . Dairy .Board at. Bolton (Lancashire) and- district-. „■ - -For some«weeks beforehand three of the Board's canvassers were, at Bolton ana called upon the 700 retailers in a two-mile radius with the result that 500 of them during the week of the campaign made , a display of New- Zealand ..butter. Miss J}. Picton Jones (formerly. of the Sunlight League) held a series of meetings-, for cookery, secondary, and elementary school teachers, and spoke on the health qualities of the butter. The Butter Week began with a public meeting presided over by the Lord Mayor at which people were invited to sign a pledge stating they would try New Zealand butter for a fortnight. . The Lord Mayor was the first to sign the pledge and the ceremony was the subject of photographs reproduced in 'the local newspapers. •A page of the "Bolton Evening News" was devoted entirely to advertising New Zealand butter. The Dairy Board was responsible, for the" advertisement. '■ An article signed by Sir Thomas Wilrbrd constituted the letterpress, and'..tjie remain)-. ;xtar,of the page was takers up by th®. |i4y«ftisenients in individual -retailer*-. the week a number; 'of the picture houses' included in their grs&me the Board's film, '.'Solid fe-iin-Ishine," depicting the production of -N«w Zealand butter- Pfeiagraphs on the subject of the campaign appeared in!, all the local newspapers* throughout tlie ; week. ■ ' 1 ' A Most KegrettaWe . Thing. , Sir John Hfislam, M.P. -i-or Bolton, speaking at the meetings organf ised.-by 'Miss, Picton Jones, said: "If Lancashire and the North continue tb give preference to foreign, butter when the Empire is producing on a scale never before experiencd in history, the . result is bound io be utterly disastrous to Empire trade and Britain's economic revival." " Already,- said Sir John, there was a disparity of over 3d a pound betweenthe ;■ prices of . "Danish and New. Z6aj&nd;hutter. That was due to the geographical delimita-, tions of the Homo gutter liarket, which i caused the-supply to remain static over a large .arefv/'in tlie North ana Midl&nds . witle reaped the benefit of increased production. If the demand tor Empire butter were spread evenly over, the -whole country' the disparity in prices would soon disappear and the purchasing power of our Dominions would be greatly increased. The-, presentprcferencc of the North for foreign "butter was a most regrettable thing. Unless Northern consumers resolved to give v> up the 'foreigner and buy Empire it would be utterly impossible for New Zealand and the other Dominions to maintain their purchases of British goods. "If Lancashire continues to freeze out Empire butter she will inevita~bly destroy the valuable market she now enjoys for cotton goods in the Empire dairying countries," added Sir--John. x ' Casks or Boxes. : The campaign coincided with the rival of the liner Middlesex, at Manchester carrying 16,000 boxes of New Zealand butter ; and 5300 crates of cheese. The (t Manchester Guardian" therefore, and the Yorkshire papers added their publicity to the campaign. Whether there was a prejudice against New Zealand butter formed the subject of a. long article in the Yorkshire "Evening News," and a representative of that journal set out on a tour of investigation in Leeds. ■He found soma thing to be said for both sides of . the argument. A tour of the centre of the town, Hyde Park," Headingley, Chapeltown, Harehills, and the south side; of the river (writes the . journal's ' representa-. tive) showed an " excellent display'' of New Zealand butter. From appearances, in fact, one would gather that there was a definite campaign on for its sale. On, enquiry, however, from the various shopkeepers, it was learned that the demand for New Zealand butter was not great. Several shopkeepers admit- j ted that the sale was improving r but ! with the price as low as Is and Is Id the turnover in such difficult. times, they said, ought to be - considerably greater. . -! Why then the prejudice? A whole-? \ sale grocer said he had come to the conclusion that it was because the butter came in boxes and not in casks.. It was good butter, and there was no other reason why the sale should not be prolific. ■ 1 Since the "Buy British " -week the demand for New Zealand butter hid certainly gone up,, but he was afraid it would fall again. : - " However much we have tried," he added, "we have never been able to cultivate a public for . this butter. : No one can deny its quality, and- I. feel convinced, that the prejudice -lies; in.,the. Bhape of the -.butter as. it ..comes' irom the. box.". :Mr H. E. Davis (European manager. ® a * r y Board) considers that the Bolton campaign has been more sue. cessful than any hitherto undertaken exclusively by the Board itself.