WOOL SALES

Press, Volume LXXI, Issue 21656, 14 December 1935, Page 14

WOOL SALES

DUNEDIN CATALOGUE DELIVERIES .HEAVY [THE PRESS Special Service.] DUNEDIN, December 13. The steady flow of consignments of wool "into store in Dunedin has been so accelerated by the increased activity in the woolsheds, consequent on the exceptionally fine shearing weather that has prevailed during the last month, that the allocation of 30,000 bales for the first Dunedin sale has been heavily over-supplied. A lot of wool had to be shut out of the opening auction and held for the January sale. Brokers are finding that growers, forsaking the policy of the last few seasons, are keen to meet the market at the earliest opportunity. This, together with the general speeding up of shearing 'lately, has resulted in heavy arrivals in store, so that for the first time for some years, a full catalogue of 30,000 bales will be offered at the first local sale. It should be stated, however, that this total includes a considerable carry over of unsold wool from last season. Wool coming to hand shows excellent quality, the clip generally being brighter and in better condition than ■•hose received in Dunedin over the last few years. Naturally, after such a season, the wool is lighter, carrying less yolk Ilian usual, but growers have the satisfaction of knowing that they are offering an article that should appeal to buyers.

AUCKLAND SALES

ALLOCATION FOR SECOND AUCTION FILLED [THE PRESS Special Service.] AUCKLAND, December 13, Catalogues for the second Auckland wool sales are closing to-morrow, more than a month before the date of the ..sale, which will be held on January 21. This is an unusual procedure, and is due to the abnormal rush of wool to city stores following the fine weather experienced recently. The first sale at Auckland was held on November 26, the catalogue limit being 25,000 bales. However, shearing operations were delayed by unfavourable weather, and only a small quantity of new season’s wool came forward. The offering' amounted to only about 21,000 bales, of which the bulk was last season’s wool. Many growers who might have offered their clips at the first sale were unable to do so, and as a result of representations made to the New Zealand Wool Committee by the Auckland Woolbrokers’ Association, the catalogue limit for the second sale has been increased from 25,000 bales to 28,000. Wool has been streaming into the stores in the last few weeks, and after allowing for the completion of part clips already in store, there is now sufficient on hand to fill the extended allotment.

BRADFORD TOPS TRADE

LONDON, December 12. The Bradford tops trade is steady, Quotations are;— Dec. 5. Dec. 12.

WAITAKI FARMERS’ FREEZING CO.

ANNUAL MEETING

(SPECIAL TO TOE PRESS.) OAMARU, December 13. The annual meeting of. shareholders of the Waitaki Farmers’ Freezing Company, Ltd., was held in Oamaru this afternoon, Mr J. E. Austin (chairman of directors), presiding. In moving the adoption ol the annual report and balance-sheet, Mr Austin said the company had had another excellent year, the works receiving a very satisfactory measure of support from graziers of the district generally as well as from shareholders of the company. The stock dealt with totalled 379,298, consisting of 53,229 sheep and 328,059 Jambs, nearly all of which was shipped at Oamaru. lie acknowledged the good service of the Allotment Committee in providing them with steamers when required. On no occasion were they held up tlirough lack of ships. It was not a good fattening season for lambs, and, wtiile the numbers were satisfactory, tnq average woghi was somewhat less than usual. Early drafts of lambs realised good prices, out the market fell away somewhat about March. Arrangements had been made for rather more than the usual repairs and renewals during the coming year, the policy of the directors being to keep the works thoroughly up to uate. Tne report and balance-sheet were adopted. it was unanimously agreed to pay a dividend ol 5 per cent, on the paidup capital. There being no other nominations, the retiring directors, Messrs E. J, Meredith, R. Milligan, and R. J. E Smith, were re-elected to the board. The remuneration of the directors was fixed at £4oo for ordinary services, and £SOO lor special services, as last year. Mr D. V. G. Smith was re-elected auditor. PORT OF GREYMOUTH EXPORTS FOR FOUR WEEKS The following is the return of coal exports from the port of Greymouih for the four-weekly period ended December 7, with the ligures for the corresponding pertod last year given in parenthesis.—State mines 4553 tons (5235), Blackball 1688 tons (2968), Rapahoe 1/27 tons (2198), Paparoa 7.71 tons (1101), Dobson 1500 tons (695), Wallsend 538 tons (1668), Briandale 840 tons (320), other mines, 1886 tons (2252). The exports of timber for the same period were 2,821,053 super, feet, as compared with 5,442,868 super, feet last year. BRITISH WAR LOAN STOCK LONDON, December 12.

LONDON QUOTATIONS LONDON. December 12. £ s. d. Mount Lyell .. .. 015 7$ New Guinea Goldfields .. Oil

OTHER QUOTATIONS

N.Z. Government Debentures Buyers. Sellers. £ s. d. £ s. cl. 31 p.c. Ins., 1938-43 .. 102 0 0 3i p.c. Ins., IC3B-52 .. 102 0 0 31 p.c. Ins., 1939-43 .. 102 0 0 31 p.c. Ins., 1939-52 .. 102 0 0 4* p.c. Ins., 1937-40 .. 102 5 0 102 15 0 4 p.c. Ins., 1943-46 .. 104 10 0 4 p.c. Ins., 1946-49 .. 104 10 0 4 p.c. Ins., 1952-55 .. 107 10 0 4 p.c. Bonds, 1940 .. 102 7 6 4 p.c. Bonds, 1946 .. 104 0.0 4 p.c. Bonds. 1949 .. 104 15 0 4 p.c. Bonds, 1955 .. 107 7 6 108 0 0 Other Debentures Blenheim Boro, 3i p.c. Napier Harbour, 4.J p.c., 31/3/50 . . North Canty. Hospital Board, 44 p.c., „ 1/9/54 Insurance A.P.A. •• Loan and Agency Ch. Ch. Building Soc. 14 0 0 15 10 0 Mutual Benefit .. 13 10 0 Permanent Investment Frozen Meat Canterbury (cum div.) 10 12 6 North Canterbury Freezing .. 110 1116 Woollens Kaiapoi (17s paid) .. 014 5 Kaiapoi (7s paid) .. 0 5 2 s Kaiapoi (pref.) .. 017 0 013 0 Coal Stockton .. 0 15 ■ Breweries Monteiths .. 0 17 6 Ximaru (7s 6d paid) 0 9 0 Miscellaneous Amalg. Wireless (con.) 1 15 6 Amnony Hordern .. 019 8 019 9 ausu. iron and Steel (pref.) .. 14 7 15 2 Clauoe Neon (N.Z.) Consolidated Bride .. 010 11 011 1 Dominion Builders’ Supplies .. 0 4 9 General Motors-Holden’s (pref.) .. 12 9 General Industries .. G. J. Coles .. 3 5 2 3 5 b Goruon and Gotch .. .2 10 greater Crystal Palace 0 5 0 010 0 Hay’s, Ltd. (15s paid) Howard Smith .. 0 19 0 Hume Pipe (Aust.) .. 014 9 Mason. Scruthei s .. 013 3 015 0 Mason, Strutners (10s paid) .. 0 8 0 Moins, Hedstrom (cum div.) .. 14 0 National Electric .. 0 8 0 013 0 N.Z. Farmers’ Co-op. (£2 IDs paid) .. 0 6 0 N.Z. Farmers’ Co-op. (Ist pref.) .. 3 7 6 317 0 N.Z. Farmers’ Co-op. (B pref.) .. 18 0 N.Z. Farmers’ Co-op. 44 p.c. Stock, 194 j) 88 0 0 100 0 0 N.Z. tanners’ Co-op. (44 p.c. brock, 194 u) 88 0 0 100 0 0 N.Z. Paper Mills .. 16 0 Procera Bread (cum div., ex rights) .. Procera Bread (vendor) 110 9 22 0 Quill, Morris (in liquidation) .. 0 4 9 0 5 6 Taupo Totara Timber 0 10 0 Taupo Totara Timber (pref., 16s paid) .. 0 16 16 United Provisions .. 011 7 012 7 Wilcox, Mofflin .. 0 10 4 010 9 Woolworths (N.Z.), pref., ex div. .. Woolworths (Syd.), 2nd x pref. .. Mining Alexander (15s paid) 0 12 6 Antonio’s Hydraulic (9d paid) .. 0 0 84 Benuigo Goldlights .. 0 0 44 .Big River .. 0 111 0 2 0 Brian Boru .. 0 0 2 Charleston .. 0 0 5 Gillespie's Beach .. 0 11 Golden Dawn .. 0 2 44 0 3 1 Golden Point .. 0 0 04 0 0 li Golden Sands (cum div.) .. 0 2 3 0 2 8 Golatields Dredg. .. 0 0 14 0 0 24 King Solomon .. 0 211 0 3 5 Lawson’s Flat .. 0* 0 3i 0 0 5 iviaeiewhenua .. 0 0 04 0 0 2 Mahakipawa .. 0 0 04 0 0 1 Mahakipawa (pref., 1929 issue) .. 0 0 g 0 0 li Mahakipawa (pref., 1930 issue) .. 0 0 li Maori Gully .. 0 0 114 0 1 1 Mount David (cum div.) - .. 0 16 Mount Morgan .. 116 5 116 7 Mount Morgan (dev.) 0 310 Nevis Diesel Electric 0 0 04 Nokomai .. 0,2 2 0 3 5 Okanto (cum div.) .. 0 5 6 0 6 0 Rawang Tin .. 0 8 6 0 8 64 Skippers .. 0 fi 3i 0 0 34 Waihi Investments .. 013 4 Waimumu Sluicing ~ 0 0 6 Waitahu .. 0 2 8 0 3 3 Worksop Extended (cum div.) .. 0 22 Martha .. 0 19 3 UNLISTED STOCKS

All transactions In stocks quoted In this section are subject to a different rate of brokerage from listed stocks, and are not quoted on the official list. Buyers. Sellers. I s. d. C *. d. Argo Gold ~ 0 1 4i 0 1 S Associated Motorists Petrol (pref.) .. Ben Ledl .. 0 0 1 0 0 24 Canty. Roller Flour 0 7 6

Buyers. Sellers. £ s. d. £ s. d. Christchurch Press .. W2 6 Emperor Fiji • • 017 0 n n Golden Gully ■ • ° 9 Moonlight Goldhelds 0 0 6 0 ® “ Macetown •• ~ n n 7 New River (Is paid) N.Z. Mining Invest. .. 00 5 0 0 ! J. J. Niven (17s pd.) 0 5 3 0 0 6 Para Rubber (15s pd.) E. Reece. Ltd. (pref.) Oil 030 Smith. Wylie ■ • .0 11 2 013 6 Tiproff Seal .. Westland Breweries (10s paid) •• 010 0 Woolworths (Sydney) ord. (cum div.) .. 518 0 518 6 Woolworths (Western _ B Australia) .. 8 8 0 817 6 White’s Electric ... 0 01U

d. d. 70s # # .. m 33 64’s .. 31* 31 60’s .. 29i 29 \ 56s .. 21 21 50’s .. 15* 15* 46’.s , .... 10i 13* 40's . . .. llj m

British War Loan Stock, 3£ per cent., is quoted:— £ s. d. December 12. .. 106 3 9 December 11 .. 106 5 0 December 10 .. 106 5 0 December 6 .. 106 12 6 December 4 .. 106 12 6 December 3 .. 106 2 6 November 25 .. 105 17 6

AUCKLAND Sales on ’Change d. £ s. Bonds, 15/2/1946. 4 p.c. ... 104 10 0 Bonds. 15/4/1949, 4 p.c. (2) 104 15 Lyttelton Harb. Board, 1/1/1943, 4i P- c - „ V Christchurch Drainage Board, 105 2 6 30/6/60, 41 p.c. 106 12 Bank of A/asia * • • 11 Natl. Bank of A/asia (cont.) .. 7 0 Bank of New South Wales 32 5 0 Bank of New Zealand 2 7 9 Bank of New Zealand (D mort.) 1 12 3 Reserve Bank 5 15 6 National Ins. 0 19 New Zealand Ins. 3 3 South British Ins. (2) 4 12 0 Dalgety and Co. 8 8 N.Z. Mortgage Corporation .. 0 5 United Bldg. (Auckland) 0 19 Renown Collieries 0 10 Westport Coal 1 9 Kauri Timber (ex div.) 1 Taupo Timber •• 0 9 N.Z. Breweries (2) 2 14 British Tobacco 2 0 Claude Neon (Syd.) 2 13 6 Colonial Sugar 42 10 11 Consolidated Brick 0 10 Dunlop Perdriau 0 15 9 Electrolytic Zinc Farmers’ Trading 1 15 6 N.Z. Paper Mills Wilson’s Cement 1 8 2 3 Woolworths (N.Z.), pref. 1 18 Martha •• 0 0 19 19 6 Big River •• 0 i 10 Mataki Waihi Investments 0 14 Waihi Junction 0 3 11 Unlisted Stocks 0 Were’s (5s paid) 0 5 Molyneux Dredging 0 2 WELLINGTON Sales on ’Change d. £ s. Govt. Bonds, 4 p.c., 1946 104 10 0 Bonds, 4 p.c., 1949 (2) 104 15 0 Bank of A/asia 11 5 6 Goldsbrough, Mort 1 12 0 N.Z. Insurance (odd lot) (2) N.Z. Refrig, (cont.) 3 3 3 3 0 0 0 10 8 Taupo Totara 0 9 0 N.Z. Breweries 2 14 British Tobacco 2 0 7 Clauae Neon (Sydney) 2 14 0 Bank of New Zealand 2 7 8 Big River (2) 0 i u Unlisted Stock Woolworths (Sydney) (late 18 Thurs.) 5 3 DUNEDIN Sales on ’Change d. £ s. Reserve Bank 5 16 0 National Ins. 0 19 6 U.S.S. Co. (pref.) 1 7 6 N.Z. Refrig, (cont.) 0 10 8 Westport Coal 1 1 6 Kaiapoi Woollen (ord.) 0 14 6 Dominion Fertiliser 1 3 9 N.Z. Drug 4 0 6 N.Z. Newspapers 2 0 6 SYDNEY General strength characterised yesterday’s business or the Sydney Stock Exchange. The gilt-edged sections were particularly firm. Morningr Sales £ s. d. Commonwealth Bonds— 4 p.c., 1957 103 17 6 Anthony Hordern 1 0 0 Assoc. Newspapers (pf.) 1 4 0 British Tobacco 2 0 6 Colonial Sugar 42 15 0 Lustre Hosiery 1 7 li Afternoon Sales Bank of N.S.W 32 10 0 Com. Bank of Australia 0 18 2 National Bank (£5 pd.) 6 19 0 Australian Gas A 8 1 0 British Tobacco 2 0 9 Tooths Brewery 2 15 9 Australian Iron and Steel (pi) 1 5 3 Australian Glass 4 4 3 Dunlop Perdriau 0 16 0 Goldsbrough, Mort 1 12 0 Morris, Hedstrom 1 5 0 Henry Jones 1 17 3 Electrolytic Zinc 1 15 3 David Jones 2 4 3 Standard Cement 1 1 9 General Industries 1 0 1) Mark Fox 1 4 9 R. Fowler 0 12 8 Sargents 1 4 0 Wunderlich 1 1 3 Goodyear (pf.) 1 12 3 United Provisions 0 12 6 South Broken Hill 5 10 0 Zinc Corporation 3 14 6 Rawang Tin 0 8 10 Woolworths (2nd pf.) 1 5 9 MELBOURNE I •> d. Herald and Weekly Time* . > 3 3 3 Goldsbrough. Mort .. .. 1 12 0 Mount Lyell ,, ,, 1 0 9 Emperor Gold <« •« 0 17 a Loloma ,, ,, 1 13 6 Enterprise >. .. 1 10 •