THE STOCK EXCHANGES

Press, Volume LXXII, Issue 21973, 23 December 1936, Page 11

THE STOCK EXCHANGES

Sales Reported 50 Christchurch Press . . 8 5 0' 25 Wool worths 'Svclncy ), ! ord. ‘ 7 17 0 Banks ; Commercial Bank ot Australia ■ changed hands at 19s 2d. and there ; were further sellers at that price. , buyers at 19s Id. Bank of New Zealand were firmer, with buyers at 41s j 3d. Buyers’ offers for Goldsbrougb. 1 Moris revealed a firmer market. | United Building Soeietv changed hands at 20s and 19s Bd. New Zealand Breweries were firmer at prices ranging from 53s 10d to 54s 6d. and more were offered at the highest price. Miscellaneous British Tobaccos were firmer on buyers' offers 47s Bd. Dunlop Perdriau Rubbers were fractionally firmer at 17s 8-d. market closing Id either way. Electrolytic Zinc preference advanced to 52s 2d. and there were further buyers at 52s 3d. sellers at 52s 7d. G. J. Coles (cum dividend) were firmer, with dealings at 89s 8d and 89s 7d, and further buyers at 89s 6d, sellers at 89s 9d. Hume Pipe (Australia) were fractionally weaker at 20s 7d, and there were further unsupported sellers at 20s 9d. Mining Waimumu Sluicing wore firm at Bd. and more were wanted at 7d. sellers at lOd. Mount Lyclls. ex dividend, moved up to 37s lid and 38s, and there were further buyers at 37s lid. sellers at 38s 3d. Mount Morgans wcr£ firmer on buyers' offers 15s Bd. Unlisted Stocks Christchurch Press wore steady at £8 ss, Wool worths (Sydney), ordinary, had dealings at prices ranging from £7 15s to £7 17s. and more were wanted at £7 17s, sellers at £7 | 19s, ; LATEST QUOTATIONS |

LAST CALL FOR THE YEAR MARKETS CLOSE FIRM The affiliated Stock Exchanges throughout New Zealand held their last calls for the year yesterday. On the Christchurch exchange markets on the whole were firm, with an upward tendency in the case of several industrials. There was a moderate turnover of diversified business.

lIN LISTED STOCKS All transactions in slock.- quoted in this -ection arc subject to a different rate of brokerage from listed slocks, and are not quoted on the official list:—

SYDNEY i Industrials were somewhat irregular on tiie Sydney Stock Exchange yesterday, but (lie general (one of the market was strong. The exchange will close to-day for the Cluistmas vacation, at noon call, until January 4. Sales'. — £ s d.

MELBOURNE There was a keen demand for bonds and industrials on the Melbourne Stock Exchange yesterday, and the market had a strong tone. Sales:— £ s d.

j LONDON EXCHANGE LONDON. December 21. New Guinea shares sold at 4s 6d today. BRITISH WAR LOAN STOCK (BRi’IISII OFFICIAL WIRF.I.F.SS.I RUGBY, December 22. British 3i per cent. War Loan Stock is quoted at £lO5 11s 3d. BRADEORD TOPS MARKET The Bradford tops market is firm, with good business in merinos and crossbreds. Users are keeping their machinery active, the output being wanted for immediate delivery. FRENCH AND FOREIGN EXCHANGE LONDON. December 21. United States and French exchange closed to-day at: —Dollars, francs 105 3-16 to £1 sterling.

CANTERBURY MARKETS

NEW SEASON’S PRICE DISCUSSED

OT OUB COUMBHCIAX KDITJ*) Tuesday evening. The committee on wheat production costs having concluded its deliberations, speculation is life as to what price will be fixed for next years crop. The committee was not charged with the task of making any recommendation as to price to the Government, but it was directed to submit a report based on the evidence taken at its sittings, embodying its estimate of what it cost a bushel to produce wheat. It is understood that this report has now gone forward, being in the hands ot the Minister for Industries and Commerce (the Hon. D. G. Sullivan), who will doubtless, in the 9rdinary course of events, consult Cabinet before announcing the new season’s price to the wheat grower. Another interesting possibility that L being discussed is the control of fowl wheat. This question was discussed by the recent conference of United Wheat Growers, Ltd., which carried a resolution asking the Government to extend its control so as to embrace all wheat. It is expected that, as this is a policy matter, it will be dealt with by the Minister when fixing the price for milling wheat. , . Meanwhile there is very hUle doing in the local grain and produce markets. which close down to-morrow for a short vacation, reopening on Tuesday of next week. Business passing has mostly to do with fowl wheat, and here the situation is unchanged, the market being firm at 5s f.0.b.. with supplies inclined to be short. There has been no development of any moment in oats. cbafT. or the small seeds markets, and quotations are unchanged.

Quotations The following are the prices quoted to farmers, on trucks, at country sidings. unless otherwise indicated:— Wheat—Milling grade, Tuscan 4s 9J.d, Hunters 4s llld. Pearl 5s lid. good i whole fowl wheat, prompt, to 5s i f.0.b.: under grade, to 4s lid, f.o.b. I Oats—A Cartons to 3s, B Cartons 2s lOd, Algerians to 2s 6d, Duns 3s 6d. Ryegrass—Perennial 2s 3d; Italian to Is 9d. Cocksfoot—Plains tld to 7d, Akaroa 7d to 8d per lb. Cowgrass—6d per lb. White Clover —7d to 9d per lb. Chaff—£3 a ton. Barley—Feed 2s 3d to 2s 4d a bushel. Peas—4s 6d to ss. Bran—Large £4 15s, small £5 ss. Pollard—Large £5 15s a ton, small £6 ss. AUCKLAND MARKETS [THE PRESS Special Service.] AUCKLAND, December 22. New potatoes are plentiful and merchants are quoting 3s to 3s 6d a sugar bag. Canadian onions, which have kept the market supplied in recent months, are almost exhausted, and the market will be clear of locals when they become available early in the New Year. The pollard position still constitutes a problem for city merchants; both local and Australian supplies are scarce, and there is difficulty in fulfilling orders, even though the imported article is priced at the high figure of £9 7s 6d a ton. Bran is plentiful and unchanged at £6 15s a ton. Another shipment of Java maize is on order, but it is not due until May. and is already being booke H up at approximately 7s a bushel through store. Fowl wheat is unaltered in price at 6s 8d a bushel, but dealers report the greatest difficulty in securing a line of decent quality. Barley, which was a boon to stock feeders early in the year because of its low price, is now almost as dear as other cereals, and a further advance has brought the price to 5s 6d a bushel for clipped. Stocks are low and merchants are rationing orders until the new season’s Australian crop becomes available early in the New Year. There has been no "change in horse feed, with B Cartons selling steadily at 4s 9d a bushel, and chaff at £8 12s 6d a ton. WAIREWA DAIRY COMPANY The Wairewa Dairy Company <Cooperative) will shortly be paying out a further bonus of Id for the 1935-36 season, making a total payment of Is Id for the season. This is said to equal the Christchurch factory payout

STOCK SALES KAIKOURA A stock sale was held during the weekend at the Kaikoura saleyards. There were good yardlngs and prices realised were as follows:—Fat heifers, £7 2s 6d; fat Shorthorn heifers, £9 2s, 6d; fat cows, £8 2s 6d; fat Hereford cows, £3 15s; Shorthorns with calves at foot, £6 11s; fat Shorthorn cows, £6 15s. Cows —Second calvers, £5; third calvers. £7 12s 6d. Steers, IS months, £4 2s 6d to £5; yearlings, £3. Shorthorn stag, £5 15s. BURNSIDE

(m»S3 ASSOCIATION TELEGRAM.) DUNEDIN, December 22. As is usually the case at Christmas, the entry of fat lambs was the outstanding feature of the Burnside stock sale to-day, 3474 being forward. Yardings of fat sheep, fat cattle, and store cattle were also larger than usual. The sale for fat lambs was steady, with values at full schedule rates. Extra prime, heavy lambs made to £1 12s 6d, prime heavy £1 6s 6d to £1 9s 6d, medium £1 3s 6d to £1 5s 6d, and light down to £1 Is 6d. One thousand four hundred and thirty-four fat sheep were entered, and the sale opened with values up. but there was a slight easing towards the end. Extra prime heavy wethers realised to £1 14s 3d. prime heavy £1 8s to £1 10s 6d, medium £1 5s to £1 7s. light down to £1 2s. Extra prime heavy ewes brought to £1 7s 3d, prime heavy £1 3s to £1 5s 6d. medium £1 to £1 2s 6d, and light down to 7s. Just over 30 fat cattle were submitted, and good beef sold at late rates. Extra prime heavy bullocks brought to £l4 12s 6d, prime heavy £ll 12s 6d to £l2 17s 6d, medium £9 17s 6d to £lO 17s 6d, light down to £7 12s 6d. Extra prime cows and heifers made to £lO 7s 6d, prime £7 12s 6d to £9 2s 6d. medium £5 12s 6d to £6 7s 6d, and light down to £4 12s 6d. The entry of 200 store cattle Included several pens of wellbred bullocks which met with keen competition and sold at from £8 to £lO 14s Only 59 fat pigs were offered, both porkers and baconers meeting with improved sale. The former sold at from £2 to £2 15s, and the latter at £2 15s to £4. A small entry of 17 store pigs sold readily at satisfactory prices. PRICE OF SILVER (BRITISH OFFICIAL WIRELESS,' RUGBY, December 22. Silver is quoted at 21 5-16 d a fine , ounce for spot and 21* d for forward.

MIXING RIMU RETURN (PRESS ASSOCIATION TELEOSAM.t HOKITIKA. December 22 The Rimu dredge returned 290.T crude ounces of gold in 131 hours from 49.809 yards treated. MOONLIGHT RETURN The Moonlight Goldfields Company, Ltd., report that the wash-up on the company’s claim to December 22 was 720z for 450 hours’ sluicing.

DEALINGS COMPLETED LISTED STOCKS Sales on ’Change 200 United Bldg. Society 1 0 o 0 19 8 300 New Zealand Breweries *3) 2 14 0 100 Dunlop Perdriau Rubber 0 17 8 50 Electro. Zinc (pf.) 2 12 2 100 G. J. Coles (cum div.) 4 n 8 4 9 7 100 Hume Pipe (Aust.) 1 0 7 100 Mount Lyell (ex div.) 1 17 11 1 18 0 Sales Reported 300 Com. Bank of Aust. (3) 0 19 2 300 N.Z. Breweries 2 13 10 2 14 6 1000 Waimumu Sluicing 0 0 8 UNLISTED STOCKS Sales on ’Change 75 Wool worth (Sydney t, ord. 7 15 0 15 6 7 16 0

N.Z. Govt. Debentures Buyers. Sellers. £ s. d. £ s. d. 3J p.c. Inn., 15/3/1930-43 — 101 15 o 4 p.c. Ins.. 1943-46 102 5 0 — 4 p.c. Ins., 1946-49 101 15 0 — 4 p.c. Ins., 1952-55 102 0 0 0 4 p.c. Bonds. 1943-46 . . 102 7 6 102 15 4 p.c. Bonds. 1946-49 0 and 1952-55 102 0 — Other Debentures Booth, Macdonald, 5 85 0 0 p.c., 1/6/47 — N.59. Refrig.. 4i p.c.. 100 0 0 1940-45 — Quill, Morris. 4 p.c.. 1946 — 100 0 0 Brinks Comm, of Aust. (10s> 0 19 1 0 0 19 2 Com. of Aust. (pf.. £10) 9 0 — Comm, of Sydney (£12 21 15 0 10s) — E.. S„ and A. (£3 pd.) — 5 19 0 Natl, of A/asia, (£5 11 0 f) 0 paid) N.S.W. (£20) 34 10 0 7 36 New Zealand (£1)_ .. 2 1 3 *> 2 3 0 Union of Aust. (£5) •• 10 3 0 10 8 Insurance National (7s pd.) 0 18 2 0 18 4 New Zealand (£1) 2 19 n 3 3 0 South British (£1) 4 13 0 — Loan and Agency Dnlgcty and Co. f£5) 10 0 0 10 15 0 Goldsbrough. M. (£1) 1 15 6 1 16 0 N.Z, Loan and Mercan5 0 38 0 0 tile (ord. stk.. £100) 35 United Build. Soc. (£ 1) — 1 0 3 Shipping 16 3 middart Parker (£1) — 1 p and O. Def. Stock (£1) — 1 18 9 Frozen Meat Canterbury (pref., £7 16 0 10s paid) 5 — N.Z. Refrig. (£1 paid) 0 19 9 1 n 6 N.Z. Refrig. (10s paid) 0 9 7 0 9 8 North Canty. Freezing 1 19 0 (cum div„ £3 paid) — Woollens Kaiapoi (17s paid) .. 0 14 n 0 — Kaiapoi (7s paid) 0 5 2 5 7 Kaiapoi (pref., 17s) .. — 0 17 9 Manawatu (£1) — 1 1 19 0 Oamaru (ex div,, £1) — 1 3 Coal Westport (10s) 1 1 n 0 — 9 Stockton (ord., 10s) .. 0 1 6 1 Stockton (pref., 10s) .. 0 3 4 0 3 8 Gas Auckland (£1) 1 2 0 1 5 0 Christchurch (£1) 1 6 9 1 0 7 9 Christchurch (10s pd.) 0 12 6 13 6 Timaeu (£1) — 2 14 6 Breweries New Zealand (£1) — 2 14 6 Staples (£ 1) Tooheys (16s) 1 17 0 2 0 3 1 13 9 Miscellaneous Beau Monde 0 16 6 — Amalg Wireless (coni., 3 0 14s paid) — 2 Anthony Hordern (£1) — 0 19 3 0 Australian Glass (£1) — 4 10 Aust. Iron and Steel 1 11 (pref., £1) 5 6 1 5 Beath and Co. (£1) .. 1 2 6 1 5 0 Booth, Macdonald (pf.. 6 £1) 0 2 — British Tobacco (cum div.. £1) 2 7 8 — Broken Hill Propty. 6 (£1) 4 1 4 2 5 Broken Hill Propty. 9 10 (contr.) 3 6 3 3 Burns, Pbilp (£1) 3 13 0 0 17 0 Griffin and Sons (£1) — Griffin and Sons (con., 0 9 0 10s) — Colonial Sugar (£20) — 43 10 0 Consol. Brick (£1) 0 10 8 0 10 11 Dominion Build. Sup0 V plies (10s) — 5 Dunlop Perdriau Rub17 !) ber (£ 1) 0 17 7 0 Electro. Zinc (ord., £1) 2 9 6 2 10 8 Electro. Zinc (pref., 2 12 £1) 2 12 3 7 Evans Atlas Flour (10s) — 1 2 6 General Indust. — 0 19 9 G. J. Coles (£1) 4 9 6 4 9 Howard Smith (£1) 1 2 6 1 — 9 Hume Pipe (Aust., £1) — 0 Kauri Timber (25s) .. 1 3 0 1 3 6 Lustre Hosiery 1 2 0 — Morris Hedstrom (cum div., £1) 1 6 0 — N.Z. Drug Co. (£2) .. 3 14 6 — N.Z. Farmers’ Co-op. 0 0 (10s paid) 0 0 6 1 N.Z. Farmers’ Co-op. 15 0 (1st pref., £5) — 3 N.Z. Farmers’ Co-op. (B pref., £4) 2 0 n — N.Z. Newspapers (16/8) 2 0 0 — 9 Procera Bread (10s) .. — 1 8 Quill, Morris, 1930 (£1) 0 17 9 •— T. J. Richards 2 I 6 — W. R. Carpenter 2 4 0 — Victoria Nyanza Sugar 0 (cum div., £1) — 0 16

Buyers. Sellers. £ s. d. £ s. d. Urlwins (pref.. £1) .. — 1 8 3 Whitcombe and Tombs 3 0 (£2 10s) 3 1 0 0 Wilson's Cement < 10s) 1 16 0 — Wool worths (N.Z.) lord. 6 £1) 6 4 0 6 7 Woohvorths (N.Z. prof.. £1) — 1 17 6 Woolworths (Vic., prof.. 10 £1) — 1 0 0 Zealandia Soap n 7 n 8 6 Shillings. Ltd. (£1) i 0 9 1 I 3 Yarra Falls 2 1 0 2 4 0 Minin » Alexander (cum div.. 17 £ D 0 6 Alexander (15s paid. cum div.) 0 16 6 Antonio’s Hydr. (Is) .. 0 0 6 Argo (Is) 0 1 8 Deep Lead (Is) 0 0 6 Gillespie’s Beach (Is) 0 1 4 0 1 6 Maerewhenua (Is) 0 0 13 0 0 23 Maori Gully (Is) 0 0 0 0 Moonlight Gold. (Is) — 0 1 0 Mossy Creek (ex div., 0 Is) 0 1 7 1 8 Skippers (Is) 0 0 •I;* 0 0 4 Waimumu (Is) 0 0 7 0 0 10 Worksop Ext. (cum 2 0 div.. 1st 0 1 8 II Australian Mining Mount Lyell (ex div.) 1 17 11 1 18 3 Mount Morgan 0 15 8 0 15 10

Silvers. Scllci £ s. d. £ s. d. Andcr-ons, Ltd. (prof.) — l 0 3 Baltins Brewery (10s paid 1 ..080 — Altov Steel (Alist.) .. 18 0 — Alloy Steel (Aust.i, 1 new 1 1 1 0 1 8 2 Cantv. Roller Flour .. 0 5 1 — Carbonic Ice .. 0 18 0 i 2 0 New River .. 0 0 4 0 0 N.Z. Mining Invest. .. 0 0 5 A Solfridges (A/asia.) 1 18 1 — Selfridgcs (new) 1 17 0 — Westland Breweries 1 10s paid i .. 0 15 1 — Wool worths (Sydney, ord.i ..7170 7 19 0 Woolworths (W.A.) 6 15 0 7 0 0 AUCKLAND Sales on 'Change £ s. d. Mount Albert Borough.. 1/7/48, 4.1 per cent. 104 ft n Mount Eden, 1/4/44-49, 41 p.c. 102 0 0 South British Insurance 4 14 3 North Auckland Farmers' Co-op. (A pref.i n 18 0 British Tobacco 8 8 Dominion Breweries 0 0 0 Farmers' Trading '{ 0 <) Northern Roller Mills .. 0 19 6 Peters Ice Cream (N.Z.) 1 8 0 Robinson's Ice 1 2 n Sanford. Ltd.. 0 4 I) Kuala Kamoar 0 18 n Mount Morgan 0 15 10 Unlisted Stocks Selfndgcs (A'asia) mew) (21 1 13 6 Woolworths (Sydney) 7 16 6 WELLINDTdN Sales on ’Change £ s. d. Wellington Woollen (ord.) (late Mondnv ) 5 18 n Farmers' Trading (late Mon.) .. 1 0 9 Mount Morgan 0 15 10 DUNEDIN Sales on 'Change £ s. d. Milburn Lime (2) 2 2 0 Mount Morgan 0 15 10 Maori Gullv 0 0 5 Waimumu Sluicing (2) 0 0 4

Bank o{ New South Wales 35 15 0 Queensland National Bank 5 6 6 Colonial Sugar 43 10 0 Associated Newspapers I 4 6 British Tobacco 2 8 9 Tooths 2 15 9 Carlton Brewery 3 4 0 Australian Glass 4 10 6 Goldsbrough. Mort 1 16 3 Wilcox. MoiTlin 0 12 Henry Jones V (i Millaquin Sugar 2 4 6 Electrolytic Zinc 2 11 9 David Jones 8 9 General Industries 0 1!) 3 W. H Soal 4 b 6 Perpetual Trustee 5 a 0 Mauri Bros. 3 12 «> Sargents 1 10 6 J. McGrath 2 1 6 Kandos 1 3 9 Waldas Shoes 1 13 6 Emperor Gold . 0 19 4i

Carlton Brewery .. 3 5 0 G. J. Coles 4 10 3 Drug Houses 1 6 6 Australian Glass 4 10 9 Dunlop-Perdriau .. 0 18 0 Goldsbroueh, Mort 1 16 6 Electrolytic Zinc .. 2 11 6 Electrolytic Zinc (pref.) .. 2 13 6 Mount Moreau .. 0 15 10 Mount Lvell .. 1 18 9 Broken Hill Pty. .. 4 3 0 North Broken Hill .. 3 15 9 South Broken Hill .. 2 4 6 Zinc Corporation . . 7 10 0 Emperor Gold .. 0 19 7 Loloma 1 4 0 General Motors .. t 3 6 Yarra Falls 2 0 9 Silverton Trams 1 17 6 Sulphide Corporation 0 16 3