Farming and Finance

Manawatu Times, Volume LIV, Issue 7285, 12 October 1933, Page 8

Farming and Finance

STOCK AND SHARE MARKET WEDNESDAY, OCTOBER 11, 1833. Wellington Stock Exchange. Morning Call. Buyers,. Sellers, £ s. d. £ s. d

CHRISTCHURCH SALES, Per Press Association. CHRISTCHURCH, Last Night. Sales on 'Change: Christchurch Trams, 6} per cent., 1/10/34, £lOl 10s; New Zealand Government, 4 per cent,

Government, 3i per cent. inscribed, .1030-43, £101; New Zealand Government, 4 per cent, inscribed, 1949, £102; New Zealand Government, 4 per cent, inscribed, 1055, £lOl 15s; Comm. Bank of Aust., 17s (4); National Bank of Australasia (£lO paid), £l3 10s; National. Bank of Australasia (£5 paid), £6 13s; National Bank of New Zealand, £4 ss; Bank of New South Wales, £34 7s (id; Bank of New Zealand, 48s 3d (2), 4Ss Id (3); Union Bank of Aust., £lO 7s (id; New Zealand Guarantee Corporation (cum. div.), 8s Id, 8s 2d; Gear Meat, 32s (id (5); New Zealand Refrigerating (10s paid), 9s, Ss lid; Westport Coal, 13s 7d; Christchurch Gas, 27s 9d (3); New Zealand Breweries, 38s (2) Australian Glass, 53s (id; Burns, Philp, 52s (id; Dunlop Rubber, 19s (5); Electro. Zinc (ord.), 25s Sd, 25s 7d (3) New Zealand Drug Co., 70s; Alexander Mines (13s Gd paid), 15s (id (3), 15s (4); Golden Point, 2d; Lawson’s Plat, 7d; New Cornish Point (Gd paid), Gd (2); Nokomai, 3s 21d. Bales reported: New Zealand Government, 4 per cent, inscribed, 1946, £lO.l 10s; Bank of New Zealand, 4Ss (3), 48s Id, 48s 3d; New Zealand Insurance, 54s Gd; Staples Brewery, 28s 44d; Electrolytic Zinc (ord.), 25s Bd, 25s 9d (2). PRICE OF GOLD (British Official Wireless.) RUGBY, Oct. 10. The price of gold is 133 s 9d per oz. fine.

The price of gold before England went off Ihe gold standard on September 21, 1031, was about 84s lOd. PRICE OF SILVER (British Official Wireless.) HUG BY, Oct. 10. Price of silver, 18 a-16d per oz. spot, IS 3-S per oz. forward. DOLLAR EXCHANGE (British Official Wireless.) liUGBY, Oct. 10. Exchange on New York is 4.69£ dollars to £l. Opening rates wero reported as follows: Dollars to £'. Oct. 10 4.69*1 Oct. 5 4.731 Oct. 4 4.77 Oct. 3 4.79.1 Oct. 2 4.78:}Hcpt. 8U 4.75.1 Bept. 27 4.734 Sept. 20 4.751 Sept. 25 4.724 Sept. 23 4.78 Sept. 21 4.75 Sept. 20 4.551 Sept. 18 4.78 J Sept. 16 4.694 Sept. 14 4.001 Sept. 13 4.59 Sept. 12 4.581Sept. S 4.55 Sept. 5 4.60 Aug. 31 4.534 Aug. 30 4.554 Aug. 29 4.574 Aug. 28 4.58 Aug. 23 . 4.594 Aug. 22 4.494 Aug. 15 4.4.44 Aug. 2 4.43 July 26 . 4.614 July 25 ........ 4.684 July 20 4.73 July 3.9 4.821 The par value of the United States dollar with sterling is 4.86 2-3 dollars. MELBOURNE WOOL MARKET PRICES IN SELLERS’ FAVOUR. MELBOURNE, Oct. 11. Competition was spirited in the Melbourne wool sales, and all wools sold in sellers’ favour when compared with rates ruling last week. For many lines values increased by 5 to 10 per cent. About 95 per cent, of the 9200 bales submitted to the sale were sold. The record price for the season of 221*.l per lb. was realised for Victorian merino. LONDON WOOL SALES PRICES KEEP, STEADY. ■ LONDON, Oct. 10. Offerings at the London wool sales to-day were 7103 bales, including 3217 bales New Zealand. About 4030 bales were sold. There was good competition at steady prices. Merinos, greasy , from Queensland sold 14 id per lb.; scoured merinos, Queensland, made 2G4d; scoured Victorian sold at 254 d. New Zealand greasy crossbred, “Gross and Dot” made 13 highest, 10 3-Sd average; New Zealand slipe, halfbred lamb, “Belfast,” sold 16d highest and 13R1 average. BRITISH FINANCES (British Official Wireless.) RUGBY, Oct. 10. Latest Treasury returns show that ordinary revenue for the current financial year up to October 7 amounted to £287,225,723. At the corresponding date of last year the amount stood at £280,725,641.

Ordinary expenditure to date for the current year totalled £350,670,238, which is about £33,500,000 less than the total ordinary expenditure at the corresponding date of last year. SOUTH AFRICAN, LOAN UNDERWRITTEN LONDON, Oct. 10. The South African conversion loan of £13,000,000 bearing interest at 2$ per cent, and issued at £OBI, maturing 1955,65, has been underwritten.

N.Z. Govt. .Loans— 4 p.c. bonds, 1940 101 5 0 — 4 p.c. bonds, J 940 101 0 0 — 4 p.c. bonds, 1949 102 2 G — 4 p.c. bonds, 1955 101 5 0 — 34 p.c. ins. stk., 1939-13 101 0 0 — 31 p.c. ins. stk., 1939-5*3 101 0 0 — 34 p.c. m». stk., 193S-52 101 0 0 — 4 p.c. ins. stk., 1940 101 15 0 — 4 p.c. ins. stk., 1940 101 0 0 — -4 p.c. ins. stk., 1949 102 0 0 — 4 p.c. ins. stk., 1955 .100 15 0 — Debentures — Auck. City, 54 p.c., 1944 .... 101 0 0 — Chcli. City, 54 p.c., 1944 .... 101 0 0 — Dunedin City, 5-4 p.c., 1944 .. .. 101 5 0 — Wgtn. City, 54 p.c., 1940 .. .. 101 0 0 — Wgtn. Harb. Brd., 54 p.c., 1940 .. 101 0 0 — Waircro E.P. Bd., 0 jj.c., (Dec. 1, 1901) — 102 10 0 Waitomo County Council, 0 p.c., 1901 *— 102 10 0 Wgtn. Kacg. Club 95 0 0 — Amulgmtd. Brick & Pipe (Wgtn.) 91 0 0 — Amalgmtd. Brick & Pipe (Auck.) 91 0 0 — Wright, Stephenson Debentures S2 10 0 — Banks— Australasia .. .. 12 15 0 13 0 0 Comm, of Aust. (ord.) 0 1G 11 0 17 0 Com. Bkug. Co., Sydney .. .. — IS 10 0 lCnu., Scot. and Aust 5 17 0 — Nat. of A’asia. (£5) G 10 0 — New South. Wales 34 0 0 34 12 G N.Z., D long term — 1 13 S Union of Aust. . .10 6 0 10 9 O' Union of Aust., Mclbnc. Peg. .. 10 7 0 — financial — Dalgcty & Co. .. 10 17 G — Goldsb’gh., Mort. and Co .1 S 9 1 9 2 Nat. Mort. “B” 1 7 3 — N.Z. Guar. (Jorp. (ord.), cum. rights* 0 8 0 0 S i N.Z. Invest., Mor. and Dep 0 3 3 — N.Z. Loan, and Mere., ord. stw. — 67 0 0 Wgtn. Invest., T. & A 0 G 0 — Wgtn. Trust Loan 4 0 0 — Gas— Auckland .. .. .1 3 5 1 3 9 Christchurch — 1 8 3 Christchurch, con. 0 13 4 — Wgtn. (prof.) .. — 1 4 0 Insurance — National of N.Z. 0 18 2 — New Zealand 2 14 G 2 15 3 Queensland .. .. 2 15 G — South British" .. — 3 15 0 Meat— Gear Meat (cum. rights) i 12 3 i 12 9 N.Z. Bcfrig. (£1) 0 19 3 — N.Z. Bcfrig. (10s) — 0 9 4 Southland .Frozen Meat (contrib.) 1 7 i — Wgtn. Meat Export (prof.) .. 0 15 6 — Woollen — Wgtn. (ord.) — 5 15 0 Wgtn. (pref.) .. — 5 12 G Coal— Westport - Stockton (pref.) 0 1 9 — Timber— National — 0 7 0 Taringamutu Totara 0 2 0 — Breweries— Carlton 2 0 0 — N.Z. Breweries .. 1 17 10 1 IS 2 Staples and Co. . 1 7 G 1 9 0 Tooth and Co. .. 2 i G 2 3 0 Miscellaneous — British Tobacco (Aust.) 1 1G 9 — Colonial Sugar .. — 00 0 0 D.t.O. (ord.) 0 .12 G — Dunlop - Perdriau 0 IS 9 — Electro. Zinc (ord.) 1 5 0 — Electro. Zme (8 p.c., p a r 0 pref.)* 1 14 lj — Henry Jones Co-op ;i 18 3 — N.Z. Farmers' Fertiliser .. .. 0 15 r> — N.Z. Newspapers i 7 3 — Prestige N.Z. Ltd. (pref.) — J 1 <) Wilson’s Cement i 5 G 1 G 6 Oil— Moturoa (ord.) .. 0 i S — Moturoa (pref.) . — 0 5 0 Mining— Alexander .. .. 0 15 *1. — Bell Hooper .. .. 0 0 JJ 0 i 0 Boll Hooper (fully paid) — u 1 3 Big Fiver .. .. u 1 6 0 i 7 Central Shotover 0 1 (1 — Gillespie’s Beach (J 2 0 Golden Dawn — 0 2 J0 King Solomon .. 0 2 2 0 3 <; Kawarau .. ,. .. — 0 0 8 Mataki. .. .. — 0 2 i Mt. Lye 11 .. .. — J 4 5 Nokomai ,, 0 2 9 — Okarito* 0 JO 0 — Waihi* 1 5 G — Waihi Grd. June. 0 4 2 0 4 7 Waitahu .. .. .. 0 7 0 — * Cum. div. Sales this day: Wright , Stephenson Debentures, £83. UNOFF1GIA1 i 1ST. Buyers. Selle. £ ,s. d. £ s. . d. Wgtn. Publishing Co .. .— 5 2 G Maerewhenua 0 0 10 0 0 J1-4 Moonlight Nelson Creek Sluicing 0 0 0 0 1 2 Invest. Exc. Trust “B” deb 96 0 0 —

Per oz. s. d. Oct. 10 .... 9 Sept. 20 .... .... 133 2 Sopt. 25 .... .. .. 132 0 Sept. 23 .... .... 133 54 Sept. 22 .... .... 133 7 Sopt. 21 .» .. .. .. 132 9 Sept. 20 .... .... 133 9 Sopt. 1!) .. .. .... 131 9 Sept. IS .... .... 13.1 9 Sept. 10 .. .. .. ., 130 5 Sept. .15 .. .. 5 Sept. 14 .... .. .. 129 6 Sept. 13 .... .... 129 Sept. 12 .... .. .. 127 7 Sept. 11 .. .. .. .. 128 94 Sept. S .. .. .. .. 130 11 Sept. 6 .... „, .. 130 7 Sept. 1 .... «4 Aug. 31 .. .. 7 Aug. 30 .... .. .. 12S Si Aug. 20 .... 44 Aug. 2S .... 84 Aug. 20 .. .. .. .. 129 4 Aug. 19 .. .. .. .. 125 0 Aug. 2 .... 3 July 1 .... 44