TODAY’S QUOTATIONS

Sun (Auckland), Volume III, Issue 781, 30 September 1929, Page 10

TODAY’S QUOTATIONS

EXCHANGE RATES RAISED

INCREASE OF 5/Press Association WELLINGTON, Saturday. The acting-chairman of the Associated Banks announces that on and after Monday, September 30, the selling rates of exchange will be increased by os per cent, ail round. No alteration will be made in the buying rates. The rates will be now as follow:

The latest alteration makes the third within the last 10 weeks. On both previous occasions the discount on bills (the buying notes) was reduced by Os per cent, and the premium on drafts (the selling rates) increased to the same extent.

MINING NEWS LUCKY SHOT.—The manager reports: -The stope above the No. 2 viiue has been extended 11 feet for the week, in the early part of the week a largf t«mlt was met with which cut the reef ol'f and the reef was again picked today in the south wall showing splendid mineral indications and incased in a good class of country for making gold. The drive nui tli . f No. 2 winze at the intermediate level is now out 41 feet from the winze. The reef has now split into two portions, each , ,ne being about 12 inches wide; v ®r> coarse gold is showing in both portions. ALBURNI A. —The manager reports —Drive north on the main Orlando lode from the crosscut at the winze has been extended 4ft. a total of 205 ft. The reef here averages about ISin wide, and has been pinched up a little, for the last few feet, caused by a break crossing the lace, but the reef is improving again and still continues to show dabs of gold in the ore. The country rock on both walls is still of a splendid class for making gold. Rise on cross leader in drive north on hangingwall branch of Orlando lode. All the work of putting in passes and cutting up rise is complete and a start will be made on Monday rising on the leader. Whau level* Crosscut, hillward from our main rise, has been cleaned out for a distance *of 27ft, retimbered, and line laid. The level here is still broken down and full up with mullock.’*

BRITISH COAL INDUSTRY

OUTPUT AND MARKETING PROPOSALS British Official Wireless RUGBY, Saturday. At a meeting of the Central Coal Marketing Committee yesterday the observations o£ the district branches upon the draft proposals for the coordination of schemes for regulating the output and sale o£ coal were considered. It was found that the draft generally was approved in principle. It now remains to give further consideration to certain points which have arisen from the examination of the proposals in the various districts. Another meeting of the committee will be held at an early date. It is anticipated that the district organisations then will be in a position formally to signify their adhesion to the scheme. It is understood that officials of the Miners’ Federation will have a further consultation with the sub-committee of the Cabinet on the nature of organisational changes in the industry to which the Government intends to give legislative effect this winter.

LONDON MEAT MARKET

The Xew Zealand Meat Producers’ Board has received the following - cablegram from its London office, dated September 27. advising Smith field delivered prices averaged for the week ended that date, as follows: Xew Zealand Wethers and Maidens.— Canterbury quality, selected brands, 501 b and under, 6«d a lb: 571 b to 64tb, 6£d: 651 b to 721 b. 6d. Other brands: 561 b and under. 6g<2; 571 b to 641 b, 6£d: 651 b to 721 b. 6d. Xew Zealand Ewes.—64lb and under, 4|d. Now Zealand Lambs.—Canterbury quality. 361 b and under, 9d: 371 b to 421 b, 7id. Selected brands: 361 b and under. Sid; 371 b to 421 b, S&d. Other brands: MORRINSVILLE STOCK SALE Dalgety and Company. Limited, report having held a sale at Morrinsville yards on Friday, when a moderate varding of cattle came forward, which sold as follows:—Light far cows, £7: light fat heifers, £7 2s Cd; store cows, Jersey. £4 10s: cows with calves at foot, £7 10s; yearling Jersey heifers, £5 10s to £6 9s; empty cows, poor quality, £3 J6s: blackfaced mixed hoggets. 16s tid: weaner pigs, to £1 ss; light porkers, to £2: store pigs, to £1 7s. A good yarding of cattle came forward, hilt bidding was dull except for good quality heifers. Jersey heifers (calved). £B, £9 10s and £10: Jecsey heifers, close to profit, £lO, £lO, £ll 10s. £l2, £l3 30* and £l3 3 ss: Holstein heifers, £0 to £ll.

Closing quotations at today's mid-day Buyers. Sellers £ s . tL £ s. , c L BANKS — Aust. of Com. •• 1 14 (» Australasia 14 13 0 i'om. of Australia • 1 s 1 9 0 X>itto (pref.) 5 0 10 0 Kngr., Scot, and Aust. S 0 Xatibnal of X.Z. .. 1G Nat. of A’sia .. .. 19 l Ditto (con.) .. .. 11 New South \\ ales .. 51 New Zealand .. .. 9 Ditto (l>. Mort.) . . 1 S Union of Australia • INSURANCE- “ 14 14 6 — 0 13 7 0 1G New Zealand .. .. 2 7 9 South British .. .. Standard — ° LOAN AND AGENCY— Abraham & "Williams 0 (pref.) T ►ninety and Co. Farmers’ Co-op. Auc. 4 Ditto B (pref. > .. 17 0 Goldsbroiigh, Mort . 2 3 « 2 0 0 12 9 3 X.Z. Guar. Corp. .. X.Z. Loan and Merc. N A in*k b u riners 0 2 9 0 3 3 Ditto B (pref.) .. 6 13 1 9 4 Hikurangi 0 1 9 —• 4 *9 Ditto A (pref.) .. 14 Ken own 15 9 0 Ditto (pref.) .. .. o 3 Ditto (new i.^aue) 6 Taupiri Ditto (pref.) .. .. •> 0 Westport 1 13 a 1 14 9 Westport-Stock ton . Ditto (pref.) .. .. ° GAS— Auckland 1 4 8 1 4 9 Ditto (con.) 2 13 u SHIPPING — Devon port Ferry .. 1 2 3 1 3 0 Jluddart-Parker ... 9 0 Union Steam (pref.) TIMBER — Kauri Timber .. - • 6 0 IS 8 0 I’arker-Lamb .. .. — 0 17 9 WOOLLEN — — u lu 3 BREWERIES— C. I<- Innes .. .. 1 1 0 _ Ditto (pref.) .. .. 1 6 10 X.Z. Breweries . . . » J. Staples ° ■ 1 J

Buying. Selling. s. d. . 2 t> dis. 20 0 prem . 4 b dis. — 12 6 prem . 22 G dis. 5 0 prem S*0 days . • .. . 32 b dis. 2 6 prem Telegraphic tra nsfer — 30 0 prem

all were:— Buyc ra Sellers £ d £ s d MISCELLANEOUSA uok. Amuse. Park 0 2 0 British Tobacco (ex div.) —- 9 0 Burns, Philp .. .. 6 0 Dominion Pictures . 1 0 Ditto. (pref.) 1 0 Dunlop I'erdriau .. L (i 0 Electrolytic Zinc (ord.> 3 17 Ditto (pref.) .. .. 3 3 < Farmers' Trading . 0 1 9 b Ditto A (pref.) . 0 17 0 0 IS Ditto B (pref.) .. 0 14 0 0 lb 0 Gear .Meat 0 Grey anrl Menzies . u 10 6 Hamilton Theatres 0 39 0 Hayward’s Pictures 0 19 6 Henry Jones Co-op. 3 14 0 H.Al. Arcade (pref.) 1 1 0 Dewis Eady (pref.) 1 0 0 Milne and Clioyce 1 0 I ’it to (pret.) . . . . l 9 I >it to (15 pref. > .. 1 9 Ditto (deb. stock) 1 s 9 N.Z. Farmers' Pert. 1 1 0 1 N.Z. Paper Mills 1 Robinson Ice Cream 4 Sanford, Ltd 0 17 IS Ditto (prel.) .. .. Taranaki Oilfields. 0 Thames Theatre .. Whittome Stevenson. Wilsons Cement .. 2 * ** ° tt MINING— Alburnia 0 0 3 0 1 1 Moanatalari (paid). o 1 Ditto (con.) .. .. Ducky Shot (4s pd.) Ditto (con.) .. .. 0 1 Oliinemuri (ord.) .. 0 3 Ditto (pref.) .. •• 0 o 4 Waihi Grand June. Kuala Kampar Tin 0 DEBENTURES — Auckland Uai, 1933. 5 per cent 96 0 — 1 per cent 101 53s per cent Bor Mount Eden, ti 104 — N.Z. Breweries . . . . Gisborne Sheepfarmers .• . • •• GOVEKNMBNT BONDS NVar Loan, 1930, 4i 09 2 6 — Ditto. 193S, 4i p.c. LOO Ditto. 1941 44 o-O. 100 Ditto, 1933. 5i p.c. 99 INSCRIBED STOCK War Doan, 1938, 4i 100 0 0 — Ditto, 1939. i’j l>.c. 100 99 Ditto, 1933, 52i p.c. 101 Ditto, 1936, 5i P.c. 101