WELLINGTON STOCK EXCHANGE.

Manawatu Standard, Volume XLIX, Issue 251, 21 September 1929, Page 5

WELLINGTON STOCK EXCHANGE.

YESTERDAY’S BUSINESS AND PRICES. Tho following sales were reported on the Wellington Stock Sxchange yesterday: £ s. d.

for the bids wore fow in number. Except for a bid of 28s 9d for Bank of New Zealand long-term there was no demand for bank shares. Gas shares were steady and in fair demand with scarcely any change in values. New Zealand Breweries shares were slightly weaker. Newton King preference have not been quoted for some days, but yesterday there was a bid of 13s as against 11s previously. The miscellaneous section was very quiet. Yesterday’s buying and selling quota-

PRICE QF METALS. (Australian Press Association.) LONDON, Sept. 19. Copper.—Standard, on spot, £74 11s 10id per ton; forward delivery, £75 3s lj)d; electrolytic, £B4 5s and £B4 15s; wire bars, £B4 15s. Lead. —£23 12s 6d and £23 10s, Spelter.—£24 7s 6d and £24 15s. I Tin.—£2o4 8s 9d and £2OB 3s 9d. Silver.—Standard, 23jd per ounce; fine, 25? d. BRADFORD MARKET. (Australian Press Association.) LONDON, Sept. 19, Tho Bradford tops market is weak, a small amount of covering being done for spot requirements. Quotations: 64’s 34d, 60’s 32d, 56’s 27Jd, 50’s 24d, 46’s 22d, 40’s 21d. WHEAT AND OTHER PRODUCE. , (Australian Press Association —United Service). LONDON, Sept. 19. Wheat. —Cargoes, featureless opening, closed steadier. Parcels steadier, better inquiry. Futures: London, September, 52s lid per quarter; October-November, 52s 7d; January, 43s sd. Liverpool: October, 93 6sd per cental; December, 9s lid; March, 10s sd; May, 10s B|d. Spot trade slow, tending easier, Australian, ex ship, 50s 6d. Flour : Quiet, Australian, ex store, 36s 9d. Oats:' Weaker. Beans: Steady. Peas : Quiet. WOOL SALES. The New Zealand Loan and Mercantile Agency Coy., Lid., havo received the following from their London House under date of 17th instant:—There was a good attendance at the opening of the woo sales, to-day, competition by Homo and Continental'buyers being active, and prices as compared with the close of preceding series ruled about 10 per cent. Tower for Merino and fine crossbred, about 71. per cent, lower for medium crossbred and about 5 per cent, lower for coarse crossbred. For Merino shabby and wasty thero was a very poor demand. The opening catalogues were fairly representative.

N.Z. Breweries, 10 per cent, bonds 1 10 10 Bank of New Zealand, long term 1 8 9 Goldsbrough Mort .'. 2 6 0 N.Z. Insurance 2 8 0 N.Z. Breweries 4 10 3 British Tobacco *2 9 8 National Mortgage .' 4 7 0 Movements based on buying prices compared with previous bids were as under: — RISE. 6. d. 4i per cent. Government Stock (1938) 2 6 per cent .Government Bonds (1956) 2 6 N.Z. Guarantee Corporation (ord.) ... 0 2 Wellington Gas (ord.) 0 1 Gear Meat 0 3 P. and 0. Deferred Stock 0 6 National Timber 0 2 Newton King 2 0 FALL. s. d. N.Z Breweries, stocks and bonds 0 2 N.Z. Breweries, shares 0 6 N.Z. Insurance 0 3 Electrolytic Zinc (ord.) ..i 0 1 Electrolytic Zinc (prof.) 0 b There was very little business olierin S»

tions were as under: — Buyers. Seller*. N.Z. GOVT LOANS- £ *. d. £ a. d. 4i p.c. Ins. Stk., 1939 iUU U 0 — 44 p.c. ditto, 1938 100 0 0 100 5 0 54 p.c. ditto, 195b 101 15 0 . 44 p.c. Bonds, 1941, 1949 and 1938 100 0 0 — p.c. ditto, 1930 — 99 15 0 54 p.c. ditto, 193b 101 17 6 '. DEBENTURES— Durgaville Borough, p.c., 1966 99 10 0 — N.Z. Breweries (inscr. stock) 1 10 6 — Ditto (bonds) 1 10 7 — BANKS— Australasia — • *14 15 0 Australian Bank of Commerce — 1 15 0 National of N.Z — 6 17 9 New South Wales — 52 0 0 New Zealand — 3 3 3 Ditto (long term) 1 8 9 — Union of Australia ... — 15 1 6 Ditto (Melbourne register) — 15 2 0 FINANCIAL— * National Mortgage .... 4 6 0 — Goldsbrough Mort ... — 2 6 0 N.Z. Guarantee Corp. (ord.) 0 9 8 0 9 10 Ditto (pref.) 1 1 6 — GASAuckland (paid) 1 4 7 — Christchurch 1 6 6 1 6 7 Christchurch (contr.) 0 13 3 — Gisborne 0 13 3 — Wellington (ord.) .... 1 13 7 — INSURANCE— National , 0 16 10 New Zealand 2 \7 9 — MEAT PRESERVING— Gear 2 3 9 — Canterbury Frozen Meat (ord.) 8 5 0 — N.Z. Refrigerat. (£1) — 0 14 b Ditto (10s) — 0 6 10 TRANSPORT— Huddart-Parker (ord.) — +2 4 9 P. and 0. dof. stock 2 17 6 — WOOLLEN— Wellington (ord.) — 6 17 6 Ditto (pref.) — 7 0 0 COAL— Westport 1 14 0 — Waipa 0 13 4 — Grev Valley — 1 10 3 TIMBER— National 0 7 6 0 9 0 Leyland-O’Bricn 1 11 0 — BREWERIESCrown 0 7 0 — New Zealand 4 10 0 4 10 9 Staples and Co — 2 15 6 Tui 1 16 0 — Ward and Co 1 10 3 — Sunshine — 0 15 0 MISCELLANEOUS— British Tobacco (Aust.) (ord.) 2 9 6 *2 10 0 Burns, Philp and Co. — 2 8 6 Dental and Medical ... — 0 11 0 Electro. Zinc (ord.) ... 1 16 10 1 17 6 Ditto (pref.) 1 16 11 — Howard Smith (ord.) — 1 5 0 Newton King (pref.) 0 13 0 — Taranaki Oil — 0 6 0 Wairarapa Farmers’ (ord.) — 0 6 0 Wellington Cordage .. — 0 14 0 Wilson’s Cement — 2 4 3 MINING— Mount Lycll — 2 5 0 Ohinemuri — 0 10 9 *Cuin. dividend. +Ex dividend.