VALUES ON STOCK EXCHANGE

Press, Volume LXXVI, Issue 23053, 22 June 1940, Page 9

VALUES ON STOCK EXCHANGE

Where no approximate price ts given return Is worked on mid-market price, unless' only one quote is given. t

OTHER QUOTATIONS N.Z. Govt. Debentures— 3J p.c. Ins.. a 5 !6.f n-.c ln!nS»iub! £101?' 4 S -p £ c° Ins.; 1946-49 b £lO2 a ss s. £lO3 ss; 4 p.c. Ins., 1940-52, b. £lO2, 4 p.c. Ins.. 1952-55, b. £lO2 ss; 4 p.c. Ins.. Mother Debentures— Mortgage c ° r P”;> ?* pc 1/9/55-80, s. £9B: Mt. Eden Borough. 41° p.c;. 1/4/55-00, s. £106; Sluggish River DC. 1/7/44, s. £lO4 10s; Majestic Theatre (Infill), 5 p.c., 20/3/52. s. £IOO. Loan and Agency— lnvincible Building, s £s* ‘Frozen Meat— Cantby., s. £lO 153. Woollens— Kaiapoi (7s paid), s. ss, Kaianol (oref.), s. 18s; Manawatu, s. tl is. Coal —Westport-Stockton. s. 2s 6d; West. port-Stockton (pref.). s 6s. Breweries —Ballms (15s paid), b. os. Wards (In liqdn.), s. Is 6d. , . Miscellaneous—Andersens (Ist pref.j, s. £1; Booth, Mac. (pre£.). 2s 3d. Con. Brick, b. 7s 3d. s. 9s; C.F.C.A., b. Bs, Dom, Builders (cum div.). s. e&, dac. (nref ) b £1 2s 3d: Macdufls (pref.), s. 14s; McKenzies, s. £2 1b; NatJ- El |ctnc. s 18s 6d: N.Z. Farmers (44 p.c. Stock, 1949) b. £75; N.Z. Farmers (ji p.c. Stock. 1950) s. £B4; N.Z. Farmers (4i p.c. Stock, 19551 b. '£7s. s £B4; North. Roller Miu9d; ; Quill, - Morns IBs, S. £1 3s; Taranaki 6s 9d, Woolworths (N.Z.) (pref.), s. £1 15s. N.Z. Mining—Addisons, -b. Is; Alexander's, ,9s; Alexander (15s paid), s. 6s W, Tsiff River, b. Gd, s,- lid; Golden Sands, S. iud: Grey River, b. 13s sd, s. 14s 6d; Lawson’s Flat, s. 6d; Mossy Creek, b. 6d, s. Is 3d; Nemona, s. 6d; New River, b. 3Jd, s. Gd; Nokomai, s. Is 6d; Woiksop, s ‘ unlisted Stocks—Christchurch Press, b. £6 ss; Lange’s Mobile Gas, s. 15s; Paparoa Coal, s. 6s 9d; White's Electric, s. Id. AUCKLAND Sales—N.Z. Govt. Stock, 15/2/43-46, 4 p.c., £lO2 10s; N.Z. Govt. Stock, 15/4/4b;49, 4 p.c., £lO2 10s; N.Z. Govt, Stock. 15/6/5255; 4 p.c., £lO2 15s (2); N.Z. Govt. Stock, 31/5/54-58, 4 p.c.. £lO3 10s (late sale), Franklin Power Board, 1/3/58, i\V- c A £105; Amal. Brick (Auckland). 1/3/44, 6 p.c. £lOl 10s; Bank of N.S.W., £25 10s; N.Z. Insurance, 565; South British 44s 3d, 455; Dominion Breweries, 30s; N.Z. Drug, 745; Woolworths (N.Z.) (pref.), 34s (late sale), 345. WELLINGTON , Sales—N.Z. Govt. 4 p.c. Stock 1943 £101; N.Z. Govt. 4 p.c. Stock, 1958, £lO3 10s (both late Thursday); N.Z. Govt. 4 p.c. Stock. 1943. £101; N.Z. Govt. 4 p.c. Stock, 1949, £lO3 (3); N.Z. Govt. 4 p.c. Stock. 1052. £lO3 5s (2); Bank of N.Z.. D long term, 275: Bank of N.Z. (ord.), 40s; N.Z. Breweries, 32s (2); Woolworths (N.Z.), 13s 6d. DUNEDIN Sales—North Cantby. Electric Power Bd„ 41 p.c. debs., 1/5/51, £lO3 7s 6d; Bank of N.Z. (long D.), 275; N.Z. Drugs, 745. SYDNEY Leading industrial shares strengthened on the Sydney Stock Exchange yesterday but trading was along quiet lines. Morning Sales—Commercial Bank of Sydney, £l7; Tooths, ' 445; Tooheys, 235; British Tobacco, 39s 9d; Broken Hill Pty., 40s 9d; Cash Orders, 12s 3d. Afternoon Sales—Aust. Consolid. Industries, 31s 6d; Aust. Consolid. Industries •(con.), 12s 6d: Aust. Consolid. Industries (N.Z. delivery). 12s 9d: Drug Houses, 23s 7d; Malloys, 15s; Woolworths. 14s 9d; Arahura Gold. 235: Loloma. 22s 6d; Mt., Lyell, 22s lOd. MELBOURNE Sales—Comm. Bank of Aust., 12s 2d; British Tobacco, 29s 8d; Coles. 54s 6d; Mt. Morgan, 7s 9d; Electrolytic Zinc (pref.), 445; Broken Hill Pty., 40s 6d; New Broken Hill, 11s. CONSOLS AND STOCKS LATEST QUOTATIONS IN LONDON (UNITED fItESS ASSOCIATION—COriEIGUT.) LONDON, Juno 20. The following are the latest quotations for Consols and Stocks, with the quotations of a week ago in parenthesis:— Consols, 21 p.c., £72 (£72 10s): Funding Loan, 4 p.c., 1960-90, £llO (£110); War Loan, 34 p.c., 1952, £9B 10s (£9B 2s 6d); Conversion Loan. 31 p.c., 1961, £9B 10s (£99 10s); Victory Bonds, 4 p.c., £IOB (£109); Commonwealth, 5 p.c.. 1945-75, £lOl 5s (£lOl 2s 6d); 4 p.c., 1943-48, £99 5s (£99 ss); 33 p.c., 1943-53, £95 10s (£95); 3 p.c., 1955-58, £BB 10s (£BB ss); 3J p.c., 1956-61, £BS 5s (£BS 2s 6d); N.S.W., 3J p.c., 1930-50, £O3 (£93); Victoria, 3 p.c., 1929-49, £92 (£92); 43 p.c., 1940-60, £99 (£100); 5 p.c., 1945-75, £lOl (£101); Queensland, 3 p.c,, 1922-47, £93 (£93); 5 p.c., 1940-60, £IOO (£IOO 2s 6d); South Australia, 3 p.c., 1916, opt., £7O (£74); 5 p.c., 1945-75, £lOl (£100); West Australia. 4 p.c., 1942-62, £9B (£98); Tasmania, 4J p.c., 1948-58, £9B 5s (£9B ss); New Zealand, 3J p.c.. 1940. £9B. 5s (£9B 17s 6d); 3 p.c., 1945, £93 (£93). PROPERTY SALES MESSRS BROS. (Estate Agents). LTD., 166 Manchester street, report having sold, on behalf of the Trustees of the late G. W. Truman, superior six-roomed bungalow in Rutland street, St. Albans, to Mrs E. Madden. —8 ALSO On account'of Mr J.,H. Spence, his fivo-roomed Duelling in Radley street. Opawa, to Mr Nash. , . —6

VEGETABLES AND FRUIT CHRISTCHURCH MARKETS '■ Cauliflowers have been scarce during the week, and values consequently are firmer. All other varieties of vegetables are in good supply. Values are: Cauliflowers, 4s 6d to 9s a dozen; cabbages, 2s to 5s 6d a dozen; lettuces, Is 6d to 4s 6d a dozen; spinach, 4s Id to 5s lOd a dozen; celery, 2s to 12s a dozen; sprouts, 4d to 5d per lb; rhubarb, 5s to 6s a dozen; marrows, 2s 6d to 6s a dozen; potatoes, 2s to 2s 6d a sugar-bag; onions, 5s to 6s a sugar-bag. Fruit —Apples: The market is well supplied, rmd values are:—Delicious: Best quality up to 7s 6d a case, other trades 5s 6d to 6s 6d. Jonathans: 5s d to 6s 6d. Stunners: 5s 6d to 6s. Cooking apples: 5s to 5s 6d. Pears: Steady supplies coming forward, and values are unchanged. Tomatoes: Small quantities of hothouse are still available. Best quality are realising up to Is per lb, others 4d to 9d. Grapes: Supplies very scarce, and any lines coming forward are realising high prices. New Zealand passion fruit and Poorman oranges have been in short supply during the week, and prices have advanced. Eggs—First grade 2s BJd to 2s 9d a dozen, seconds 2s 6Jd to 2s 7Jd. GROWERS’ REPORT The Christchurch Tomato and Stone Fruit Growers’ Association supplies the following report on the fruit and vegetable markets his week:—Apples; Jonathans, Delicious, and cookers in good supply; extra fancy dessert 6s 6d to 7s 6d; cookers, 5s to 5s 6d. Pears: Very inferior lines appearing; good pears are wanted. Tomatoes: 9d to Is per lb. Grapes: finished. Marrows: Is to 3s a dozen. Pumpkins: Id to Ijd per lb. Celery: 5s to 7s for best; others Is to 2s a dozen. Leeks: Is 9d to 2s 6d a dozen bundles for best: others Is to Is 6d. Peas: Best 3s 8d a peck: others Is. Beetroot; Is 6d a tin. Parsnips: 2s 6d to 3s a sugarbag. Carrots: 2s to 3s a sugar-bag. Swedes: Southland 2s 6d to 3s a sugarbag. Lettuce: Best to 3s a dozen: inferior Is. Cauliflowers; Best from 7s to 10s a dozen: others Is to 3s. Cabbage: Best 3s 6d to 5s a dozen; others Is. , Spinach: 2s 6d to ,3s a dozen bunches. Onions: Easier: 4s to 5s 6d a sugar-bag. Potatoes: 2s to 2s 9d a sugar-bag. Rhubarb: 4s to 5s 6d a dozen bundles. Markets in- Christchurch have been quiet and may continue so until the arrival of Australian oranges. . DUNEDIN (rRKSS ASSOCIATION TELEGHAII.) DUNEDIN. June 21. The week in the fruit marts has been quiet. Supplies of apples are not so heavy and a clearance is being made daily at the auction rooms. There is a good demand for large cookers, but low prices have ter be accepted for small, Which are plentiful at present. Small supplies -of Winter Cole and Winter Nells pears are coming forward from cool stores. Cooking sorts are now unobtainable. BANK OF ENGLAND RETURN (UNITED PRESS ASSOCIATION —COPT RIGHT.) LONDON. June 20. The Bank of England return , (all millions) for the week ended June 19 is as follows (last week’s figures, where changed, being in parenthesis):— Issue Department—Notes in circulation, £589 (£578.3); in banking department, £41.2* (£51.9); total, £630.2. Government debt,' £11; other Government securities, £615.3 (£615.2); other securities, £3.2 (£3.3); silver coin, £.5; amount of fiduciary issue, £630; gold coin and bullion, £.2; total, £630.2. Banking Department—Capital, £14.5; rest. £3.3; public deposits, £35.3 (£34.9); bankers' deposits, £103.7 (£103.2); other accounts. £46.9 (£48.4); total. £203.7 (£204.3). Government securities, £130.5 (£124); <3lscounts and advances, £3.3 (£3.9); other securities, £27 (£23); notes and coin, £42.7 (£53.4); total, £203.7 (£204,3). 9 Ratio of reserve to liabilities, 22.93 per cent. (28.63 per cent.). The Bank of England rate of discount is 2 per cent., to which it was reduced on October 26 from 3 per cent. MINING COMPANIES’ REPORTS New River—Return for week -ended June 20: 34 ounces from 9000 yards in 122 hours. I

PRODUCE AND GRAIN

POTATO MARKET STILL QUIET The decision of the Federal Government to allow the sale of 5000 tons of New Zealand potatoes on the Australian market this year has had no strengthening effect on prices to growers, yesterday’s quotations still being at the low level of £2 10s to £2 15s, prices which show little return to the farmer for his work. The maximum price of £4 10s f.o.b. fixed by the order issued this week, is equivalent to about £3 to farmers. Most merchants arc still of the opinion that the export of the 5000 tons, which is to begin next month, will make little difference to the market, since reports from growers indicate record yields, and, consequently, a very substantial surplus, probably several times greater than the amount which Australia has decided to take. Merchants have not yet been informed of the arrangements the Government is making for marketing the potatoes. Other markets are quiet at unchanged prices. Quotations The following quotations to farmers on trucks at country sidings, unless otherwise indicated, are supplied by the president of the North Canterbury Grain, Seed, and Produce Merchants’ Association. Wheat —Milling, f.0.b., Tuscan. 5s 9d, Hunters 5s lid. Pearl 6s Id. Marquis 6s 3d. (Final payment of 3d a bushel on all wheat ai the end of the year.) Oats: A Cartons 3s 9d to 4s; B Gartons 3s 3d to 3s 6d; Algerians 3s 6d to 3s 9d; Duns 4s to 4s 6d, according to sample. Ryegrass: Perennial and Italian 6s to 7s, according to sample. Cocksfoot, 9d (nominal). White clover: 2s to 2s sd. Red clover: Is to Is 4d. Partridge peas; 6s 9d to 7s. Chaff: £6. Barley; Malting, ex stack, 4s lOid; ex stock, 4s 74d: Cape, 4s to 4s 6d; black, 6s to 6s 3d. Potatoes: £2 10s to £2 15s (according to quotation). Onions: £7. Linseed, f.a.q., £25. i ASHBURTON The seasonal quietnesS has been in evidence on the Ashburton market during the week, there being no particular activity in any department of the grain, seed, or produce markets. Milling wheat has now been cleared up and there are odd sales of fowl wheat taking place. Occasional orders for seed wheat are being received, but it is anticipated that there will be a strong spring demand. - . Garton oats suitable for seed or milling purposes are in demand. Cowgrass is saleable at recent quotations, and small lines are still coming forward. Ryegrass and cocksfoot are firm at recent quotations. Most lines of partridge peas suitable for export have been dealt with, and supplies of second grade are not plentiful. The North Island is inquiring for potatoes lor forward delivery, but the prices offering are not sufficiently attractive to enable business to be transacted; Oatsheaf chaff is firm at late rates. The following are prices quoted to farmers, on trucks at country stations unless otherwise indicated, sacks extra, free of commission:— Wheat—Milling, f.0.b.. Tuscan 5s 9d, Hunters 5s lid. Pearl 6s Id, Marquis 6s 3d. (Final payment of 3d a bushel on. all wheat at end of year.) Oats—A Cartons 3s 9d, B Cartons 3s 3d, Algerian 3s 9d to 4s; Duns, dark heavy, 4s 3d to 4s 9d. Partridge Peas—6s 9d a bushel, No. 1 grade. Ryegrass—Perennial 6s 6d to 7s, Italian 7s to Bs. Cocksfoot—Bd to 9d. White Clover—ls 0d to 2s-6d. Red Clover—ls to Is 3d. Chaff—£6. Potatoes—Prompt delivery, £2 10s. FOREIGN EXCHANGES ■ Telegraphic rates of • exchange on overseas centres yesterday are supplied by the Bank of New South Wales us follows (the first quotation being the buying one and tire second the selling):—On; New York, dol. to £N.Z„ 3.2542, 3.2050; Montreal, dol. to £N.Z., 3.6039, 3.5290; France, francs to. £N.Z., 142.05, 141.05; Greece, drachmae to £N.Z., —. 412.70; Java, florins to r£N.Z.* 6.187, 6.004; Switzerland, francs to £N.Z., 14.532, 14.180; Hong Kong, N.Z. pence to dol, 16 23-64, 19; India and Ceylon, N.Z. pence to rupee, 22 19-64, 22 45-64; Manila, N.Z. pence t 6 peso, 36 37-64, 37 29-64; Shanghai, N.Z. pence to dol., —, 5 23-32; Singapore, N.Z. pence to dol., 34 53-64, 35 37-64. FORD AND HADFIELD, LTD. Messrs Ford and Hadfield, Ltd,. Real Estate Agents and Auctioneers, *l3l- - Worcester street; have to report having sold, on behalf of the Official Assignee, a Bungalow property situated 6 Wainoni road, to Mr P. Prebble. Also a Large Block of Flats, Hereford street West. £o Client. SEE FORD and HADFIELD, LTD., • FOR REAL ESTATE. —1 Metals in London—Tin: Spot, buyers £272, sellers £272 10s; ‘ forward, £275 and £275 10s. Silver; 22 13-16 d standard and 24 5-X6d fine,

CHRISTCHURCH RATES 9 JUNE 21, 1940 FORMER LEVELS COflfE^RED i i Return ■ i i Approx. y ft nvesl Ain't market nent at paid i Approx. price 2 §-S Dividend approx. a i market narket Companies. sh'e. Buyers, j Sellers, j price. ago. °'o payable. priccu. £ P s. Cl. £ S. Cl* £ S. cl. £ s. Cl. £ s. d. N.Z. curr. Banks— 4 14 Australasia 5 5 0 — O 10 0 9 S 0 8 Feb.-Aug. 1 Comm, of Aust. 10s — u 13 6 0 16 0 |7 1-12 Oct.-Mch. 5 4 u Comm, of Aust. 11 (pref.) 10 — 9 0 0 9 10 0 4 Oct.-Mcb. 4 8 Comm, of Syd. 12J .—. 13 0 0 20 0 0 7 Jim.-July 4 17 3 E., S„ and A. .. 3 — — 4 10 0 ,5 1 0 7 Nov.-May 4 i.3 4 Natl, of A’asia. Nov.-May 5 6 10 0 6 — 3 Natl, of N.Z. .. 21 1 15 9 — I 16 6 $ 6 3 4.’. Jan.-July ti 8 N.S.W. • 20 10 0 30 15 0 G Jan.-July 4 14 1 1 1 19 6 2 0 9 2 0 0 1 19 0 10 Jan.-July 5 0 0 Union ' 5 — — 0 0 8 0 0 7 Jan.-July 5 0 0 Insurance— May-Nov. 7s — 0 18 0 0 16 G 10 5-7 4 1 2 15 2 2 17 0 2 15 G 2 12 0 10 Feb.-Aug. .1 I<i 10s 2 4 3 2 5 0 2 4 J 2 2 6 14 1-6 Apl.-Oct. 3 4 0 Standard 1 — — — 2 13 0 12 J Mch.-Sep. Loan and Agency— 0 May-Nov. 4 16 0 5‘ 5 10 0 0 7 (i 0 f) 0 6 6 0 1 — — 1 9 0 1 7 I) 41 Dee.-Juno 3 2 United Building I Q 19 11 1 0 0 1 0 3 5 Oct.-Apl. Fr07.cn Meat— 10s 1 0 14 3 0 14 0 0 11 9 5 5-61 .Tuly-Oct. 4 3 4 0 19 3 i 0 6 1 0 0 0 15 () 51 Feu. 5 10 G' 5 N.Z. Refrig., eon. 10s 0 8 8 0 8 9 0 7 4 51 Feb. Gas— Auckland Auckland (con.) Christchurch .. 10s 3s 10s X 3 1 0 1 9 5 2 9 0 0 1 0 9 4 5 12 2 0 0 0 0 17 0 11 1 5 0 12 3 3 6 6 41 41 7 7 July-Feb. July-Feb. Aug.-Feb. Aug.-Feb. 4 18 5 12 5 12 7 16 2 6 0 6 Wellington . .. 1 ~ — 1 10 0 I 9 0 8 Aug.-Feb. 5 ti 8 Coal— Taupirl Westport 1 10s 1 0 0 1 1 3 1 1 0 1 0 0 0 17 1 0 6 6 71 10 May-Nov. May-Nov 7 10 4 15 0 2 Woollens— Bonds Hosiery Felt and Text. Kalapol 1 1 17.S 0 14 9 1 0 5 14 G 6 10 10 4 March Mch.-Sep. Sept. ■ 7 10 4 13 10 8 Breweries— Dominion New Zealand .. 1 1 1 1 10 11 0 10 1 14 0 1 1 10 12 0 0 1 17 6 12 81 Dec.-July Jan.-July 8 0 5 6 0 3 Miscellaneous — ' Aust. Consolid. Industries 1 1 z = 1 0 12 16 0 6 1 18 0 15 0 0 7 3 Dec.-Juno Mch.-Sep. 4 7 6 1 G 2 British Tobacco X 1 — 1 19 0 2 11 3 5 3 9 10 121 March Nov.-May 6 8 2 Burns, Philp .. 1 . : T . . 2 5 0 2 16 6 10 Nov.-May 4 8 10 1 2 19 0 3 17 0 183 Jan.-July 6 7 2 20 — 48 0 0 48 0 0 81 Nov.-May 3 10 10 1 1 6 0 1 1 3 6 • „ 6 I June 1 . 0 17 6 1 1 2 7 Apl.-Oct. 8 0 0 1 — — — 2 10 0 15 Mch.-Sep, •— 1 — — — 2 14 6 15 Mch.-Sep. — 1 — — — 2 13 0 111 June-Dee.- —— 25s . 1 0 0 1 3 0 C June-Dee. 7 10 0 1 3 12 c 3 16 0 3 14 0 3 7 0 8 Sep.-Apl. 4 6 5 1 — 1 4 0 1 7 0 71 June-Dee. 6 5 0 1 — — 0 19 6 0 17 0 6 August 6 3 n N.Z. Newspapers X6/8 — I 6 6 1 6 0 1 12 6 8 Nov.-May 5 2 6 2k — 3 2 6 2 17 9 6 Mch.-Oct. 4 16 0 10s 0 15 9 — 0 16 0 0 17 6 71 Nov.-June 4 13 9 5s — 0 15 0 1 3 9 171 Oct.-Apl. 5 16 8 Woolworths. N.Z. 5s 0 13 10 0 14 6 0 14 o 0 17 9 16 July-Jan. 5 14 3