FINANCE AND COMMERCE

Press, Volume LXXVII, Issue 23394, 30 July 1941, Page 5

FINANCE AND COMMERCE

RABBITSKIN SALE POSTPONED LACK OF SHIPPING FOR EXPORT (P.S.S.) DUNEDIN, July 29. The Dunedin Stock Agents and Woolbrokers* Association reports that at a meeting of brokers and exporters it was decided to postpone the rabbitskin sale set down for to-day. The reasons for postponement are solely due to the temporary lack of shipping facilities, and to the fact that exporters are reluctant to add further to the large quantities which they have awaiting shipment. It is not-antici-pated that the delay will be very extensive, and there are possibilities of some relief , early next month. In the meantime brokers advise trappers to continue forwarding their consignments, as the present hold-up is not due in any way to lack of demand, and provided no further unforeseen difficulties occur, prices are likely to continue round about recent rates. STOCK SALES lorneville (P.A.) INVERCARGILL, July 29. 'Values for bullocks and heifers remained firm at the Lorneville stock sale to-day, while cows showed an improvement in price of 15s a head. The fat cattle yarding was small, and included some of the best quality cattle yarded for some time. Bullocks and heifers were as good, and perhaps a little firmer, than last week, while cows improved by 15s. Extra prime quality bullocks made up to £2O ss, prime £l7 to £lB, mediurnweights £ls to £l6 10s, handy-weights £l3 to £l4 10s, light and unfinished £9 to £lO, prime heavy heifers £l3 10s to £l4 12s 6d, handy-weights £ll to £l2 ss, light-weights £9 10s to £lO 10s, prime quality cows £ll 10s to £l2 10s, good quality £lO to £lO 15s. medium £9 to £9 10s, unfinished £6 10s to £7 10s, inferior £5 to £5 15si ' Th#re was a larger yarding than usual of quite good quality wethers and ewes, although quality was not quite as good as last' week. The sale opened s\bout 2s a head lower than the previous week, and remained at this level for the first half of the sale, but from then on there was a firming tendency, with the result that over the concluding . stages values were right.up to. those of last week. Prime heavy wethers- made from ,35s bd to 37s 6d, gqod quality medium-weights 30s -6d to. 325- ; 6d, Itght-Welghts.27s to 295, prime young ewes to 28s. 6d, prime heavy 23s 6d to 255, good quality 22s to 235, medium 19s 6d to 21s, unfinished los to 17s Bd. RANGIORA "Values at the Ranglora stock market yesterday ranged as follows i— . .. Sheep.—Ewe ,■ hoggCtsi-tp 235, , wether hoggets to 18s 6d, sound-mouth ewes 21s to 22s 9d. v , •- . Cattle.—Good springers £9 to £l4, spring calvers £7 to £lO 10s, springing heifers £9 to £ll. ■ , n . Pigs —Bacohers to £3 17s, weaners 19s to 235. r ASHBURTON There was a firming* tendency in prices for fat sheep at the Ashburton stock; sale yesterday, when'there was a moderate yatding of fat ewes and fat wethers, Ewes brought from 18s lOd to 30s lOd and fat wethers ranged from 23s Id to 31s 10d. A line of lambs sold at 22s 7d. TEMUKA The average-sized entry of fat cattle at the Temuka sale was of mixed quality. Prices at the commencement were below late, rates, but as the sale progressed values fully recovered. Prime steers £l3 2s 6d to £l6 7s 6d, medium £ll 2s 6d to £l2 17s 6d, extra prime heifers £l4 2s 6d to £l6 2s 6d.; medium to prime £9 7s 6d to £l2 17s 6d, light £6 17s 6d to £7 17s 6d. Extra prime cows £l2 7s 6d to £l3 12s 6d, prime £9 2s 6d to £ll 7s 6d, light to medium £6 7s Bd to £8 17s 6d. ,A medium entry of fat sheep was forward. Values for ewes were firm but wethers were Is easier. Prime wethers 27s 4d to 29s lOd, extra prime ewes f 26s 4d to 28s Id, medium 19 10s to 23s lOd, light 14s lOd to 17s lOd.

STOCK EXCHANGES LOCAL MARKETS INACTIVE Markets were inactive on call yesterday, and reported business was restricted to two stocks. Markets generally showed a firming tendency, which was most pronounced in the Government section, where ' b u y er ® raised their bids for the 1949-52 stock to £lO5 10s; for the 1955 to £lO7, and for the 1954-58 to £lO7, no ' sellers offering. Apart from the vestibule business, the following transactions were recorded;— ocn Sales Reported:—Listed Stock: 2b9 Kaiapoi Woollen (7s paid), 5s 6d; la Electro Zinc (rights), 295. Most Stocks Firmer Buyers of Bank of New South Wales moved up to £2B 10s. but sellers were reticent. Buyers’ offers for Commercial Bank of Australia, National I nsur * ance. National Mortgage, New Zealand Refrigerating, Felt and Textiles. Melbourne Co-op. Brewery, Donaghy Rope, New Zealand Newspapers, and Woolworths (N.Z.) (pref.), revealed firmer markets. Kaiapoi Woollens (7S paid) rose to 5s 6d, and late oners ol 5s 4d failed to attract sellers. Electrolytic Zincs (rights) were steady at 20s, market closing 28s 6d buyers. 29s 3d sellers—the preference were firmer on buyers’ offers, 54s 9d. < LATEST QUOTATIONS N.Z. Govt. Debentures. —3J p.c. Ins., 1963-57, b. £lOl 10s;_3J p.c. Bonds, 195357, b. £lOl 10s; 3J p.c. Ins., .22/5/60, b. £101; 4 p.c. Ins., 1943-46, b. £lO3 ss, 4 p.c. Ins., 30/11/48, b, £lO4 15s; 4 P ; c. Ins., 1946-49, b. £lO4 12s 6d; 4 p.c. Ins., 1949-52, b £lO5 10s; 4 p.c. Ins.. 1952-55, b. £lO7, 4 p.c. Ins.. 1954-58, b. £107; 4 p.c. Bonds, 1946, b. £lO2 10s; 4 p.c. Bonds. 1949, b. £105; 4 p.c. Bonds. 1955, b. £107; War Loan, 1/10/53, b. £B7; National Development Loan, 31 p.c., 1956-59. b. £99. s. £IOO. Company Debentures.—Auckland Gas, o pc Perp., s. £100; Booth. Macdonald, 5 p.c., 1/6/47, b. £7B; N.Z. Refrig., 41 p.c.. 1940-45, b. £lO2. . . Banks.—Adelaide, s. £6; Comm, of Aust. (cum div.). b. 14s 6d; Comm, of Sydney, b. £l7 17s 6d; National of N.Z., s. £2- N.S.W , b. £2B 10s; New Zealand, b. £1 18s, s. £1 19s. Insurance. —Aust. General, s. 19s, National, b. 18s 7d, s. 19s; N.Z. (ex div.), b. £3 4s; South British, s. £2 ,14s. Loan and Agency.—Christchurch Building, b. £l6 10s; Dalgety and Co., b. £6, s. £6 7s 6d; Goldsbrough, Mort, b. £1 6s 6d, s. £1 9s; Mutual Benefit, b. £l4 ss; Natl. Mortgage (A), b. £1 12s; N.Z. Guar. Corpn., b 2s sd; Penn. Invest., b. £9 15s; United Building, b. £1 0s 6d. Shipping.—Huddart-Parker, s. £2 6s; P. and O. Def. Stock, b, £1 ss; Union (pref.), b. £1 6s 3d. _ Frozen Meat.— Canterbury, b. £10; Gear, b. 13s; N.Z. Refrig. (£1 paid), b. 18s Id, s. 18s 9d; N.Z. Refrig. (10s paid), b. 8s 2d; North Cantby. Freezing (pref.). s. 17s 6d. Woollens.—Felt and Textiles, b. £2 3s, s. £2 ss; Kaiapoi (17s paid), b. 16s; Kaiapoi (7s paid), b. 5s 4d; Mosglel, b. £10; Oamaru, b £1 0s 6d: Timaru, b. 14s; Wellington. b. £6 11s; Wellington (pref.), b. £7 Coal.—Grey Valley, s., 6s 6d; Westport, b, £1 2s Gd, s. £1 3s; Westport-Stockton, b 2s 6d, s. 2s 9d; Westport-Stockton (pf.), b. 6s lOd, s. 7s lid. Gas.—Christchurch (ex div.), b. £1 0s 6d: Christchurch (10s paid, ex div.), b. Breweries. —Balllns (15s paid), b. 10s 6d; Dunedin, s. £1 2s; Melbourne Co-op., b. £2 14s 6d; N.Z., b. £1 13s 3d, s. £1 13s 10d; Queensland, b. £1 4s 6d; Swan, b. £1 Miscellaneous.—Alloy Steel (N.Z.)', b. £1 10s; BeathandCo., b. 14s 6d; Berlei (N.Z.), b. £3 3s 6d; Booth, Macdonald (pref.), b. 5s 3d; s. Os; British Tobacco, b,. £2 ss, s. £2 7s; Broken Hill Pty., b, £2 Is 6d, s. £2 2s 8d; Burns, Philp, b. £2 9s. s. £2 12s 6d; Bradford Cotton, b. £2; Cantby. Saleyards (ex div.), s. £1 17s 6d; Colonial Sugar, b. £54 10s; Dorn. Fert„ s. £1 3s 3d: Donaghy Rope, b. £2 10s 9d; D.I.C. (10s paid), b. 13s 9d; D.I.C. (pref.). b. £1 3s 9d; Dunlop Rubber, b. ,£1 Is; Electro. Zinc (ex div.), s. £2 14s; Electro, Zinc (pref., ex div.), b. £2 14s 9d. S. £2 17s; Electro. Zinc (rights), b. £1 8s 6d, s. £1 9s 3d; G. J. Coles, s. £3 4s; Hay’s, Ltd., b. £1 6s; Hay’s, Ltd. (cont.), b. £1 Is; Howard Smith, b, 19s 9d. s. £1 2s; Hume Pipe (Aust.), b, 12s 6d, s. 15s; Mason, Struthers. (£1 paid), b. Bs. s. 14s; Mason, Struthers (14s paid), b. 3s, s. 6s 6d; Mason, Struthers (10s paid), b. 2s 6d, s. 5s 6d; M.K. Manufacturers, s. 6s; Macduffs (pref.), b. 18s 6d. s. 19s; N.Z. Farmers* Co-op, (£2 10s paid), b. 2s 7d; N.ZI Farmers* Co-op. .(A pref.), b. £1 10s, s. £1 16s; N.Z. Farmers* Co-op. (B prei.), b. £J 2s 6d: N.Z. Newspapers, b. £1 9s 6d, s. £1 10s; North. Roller Milling, b. £1 2s; Tingey, R.and E. (pref,), b.,£l ls;.Weeks, ,b. £8; Whitcdnfbe" and"Totals, bf £3 Bs, s. £3 12s; Woolworths (Syd.) . (ord.). b. 17s 3d, s, 18s; Woolworths (N.Z.). s. 13s Woolworths (N.Z.) (pref.). b. £1 19s; Woolworths Properties (pref. and ord.), Overseas Listing,'— Woolworths (S.A.), b. 15s • ' ■ v ’ •’* * Australian Mining.—Broken rfill South, b. £1 5s 3d; Mt. Lyell, s. £1 8s 3d: Mt. Morgan, s. 9s 4d; North Broken Hill, b. £2 Is; Placer Development, b. £3 Is; Loloma, b. £1 ss: Wellington Alluvials (cum div.), b. 3s lOd. „ ~ N.Z/ Mining.—Alexander, s. Ss; Alexander (15s paid), s. ss; Arahura b. £1 4s; Argo, s. lOd; Big River, b. BJd, s. Is 2d, ■Golden Sands, b. 4d, s. 8d: Grey River, b. 14s 9d, s. 15s 3d; Moonlight Goldfields, b. 2d s. 4d; Nemona, s. Is; New River, b. 2d. s. sd; Ngahere, s. 11s; Snowy River (5s paid), b. 5s 6d; Worksop Extended, b. Id; Slab Hut (5s paid), b. 4s. s. 4s 9d. Unofficial List.—Ass. Gold Dredg. (14s paid), s. 14s; Ballins Breweries. 6 p.c. debs., b. £9O; Blackball Creek, b. sid, s. 9d, Carbonic Ice, b. £1 Us 3d, s. £1 16s; Reece. Ltd., E. (pref.), b. 4s; Westland Breweries, s. £1 10s. AUCKLAND Sales.—S.A.C., 1/9/55-60. 3g p.c.. £99; Auckland Gas, 20/12/49, 5 p.c., £|01: Bank of Australasia, £8 8s (late sale), £8 Bs, Commercial Bank of Australia, 14s 9d (late sale); National Bank of Australasia (con.), £5 17s 6d; Bank of N.Z., 395; F.A.C. (£1 paid), 13s; Bartholomew. 16s; Oamaru Wool, 21s; Bycroft, 44s (odd lot), Farmers’ Trading, 21s sd; Morts Dock, 20s; N.Z. Drug, 78s 6d: Woolworths (N.Z. , 13s 9d, 13s 6d; Electrolytic Zinc (rights), 28s lld ‘ WELLINGTON Sales.—Late Monday: Wellington Hospital Bd., 4 p.c. debentures, 10/12/43, £IOO 17s 6d; Reid Rubber, 7s 6d; Reid Rubber (paid). 11s 6d. Yesterday: 4 p.c. Stock, 1946, £lO2 15s; 4 p.c. Stock, 1952, £106; 4 p.c. Stock, 1952, £lO6 (odd lot): Bank of Australasia, £8 8s (3); National Bank of NZ., 39s (2); Oamaru Woollen Co., 21s; Broken Hill Pty.. 42s 6d; Burns, Philp, 525; Electrolytic Zinc (rights), 29s (3). DUNEDIN Sales.—Mackintosh, Caley, Phoenix, 11s 3d (unlisted); Bank of Australasia (2), £8 8s; Commercial Bank of Sydney (pref.), £18; National Bank of N;Z., 395; Westport Coal. 22s 9d; N.Z. Drug (2),- 78s 6d.