COMMERCIAL

Press, Volume LXXVIII, Issue 23536, 14 January 1942, Page 7

COMMERCIAL

STOCK EXCHANGES LOCAL MARKETS QUIET Markets continued quiet on call yesterday, with business in a few stocks. Apart from vestioule business, the following transactions were recorded:— Sale on ’Change: Listed Stock—2oo Booth- Macdonald (pref.), ss. Sales Reported: Listed Stocks—4oo N.Z. Breweries, 35s (2); £3OO N.Z. Farmers’ Co-op. 4J p.c. stock, 1950, £B7 10s. New Zealand Breweries remained unaltered with buyers and dealings at 355, sellers at 35s 3d. Booth, Macdonald (preference) had business at ss, and there were further buyers at 4s 6d, but sellers were reticent. Hume Pipe (Aust.) appeared firmer, with buyers at 14s. New Zealand Farmers’ Co-operative 4J per cent, stock, due 1950, changed hands at £B7 10s—a drop of 10s on last local business, which took place on October 24, 1941—and there were further unsupported sellers at £BB 10s. AUCKLAND (P.A.) AUCKLAND, January 13. Sales.—New Zealand Insurance, 65s 6d; Woolworths (N.Z.), 14s 8d; Woolworths (Sydney). 15s Bd (late sale); Donaghy’s Rope (con.), 34s 9d. WELLINGTON (P.A.) WELLINGTON, January 13. Sales.—Provident Life Assurance, 19s Od (late Monday): N.Z. Breweries, 355: Macduffs. Ltd, (pref.). 21s, 20s lid; Woolworths Properties, 255. SYDNEY The Sydney share market opened strongly yesterday, but as trading progressed buying support tended to weaken. Morning Sales. —Bradford Cotton. 32s 3d; British Tobacco, 40s 3d; Broken Hill Ptv., 33s 6d; Broken Hill (con.), 27s 6d; Colonial Sugar. £44 ss; Peters, 19s. Afternoon Sales.— Amalgamated Textiles, 8s lid; Felt and Textiles, 33s 6d; G. J. Coles, S4s 6d; Tooths. 435; North Broken Hill. 365; Rawang Tin, 3s 9d; Mount Lyell, 24s 10id; Larut Tin, 3s. MELBOURNE Sales. —Australian Consolidated Industries. 41s 6d; Electrolytic Zinc. 44s 3d; South Broken Hill, 23s 3d; Bank of Australasia, £B. COMPANY NEWS N.Z. INSURANCE CO. The directors of the New Zealand Insurance Company, Ltd., have declared an unchanged Interim dividend of Is a share, equal to a rate of 10 per cent, per annum, payable on February 11.—PA. Woolworths properties.—Woolworths Properties. Ltd., has declared a dividend of 2s lOd a share on issued ordinary share capital out of profits, for the year ended June 30 last. Wright, Stephenson,—An Interim dividend of 2i per cent., payable on January 31, has been declared by Wright. Stephenson and Company, Ltd. Transfer books will close on January 25. Electrolytic Zinc.—The Electrolytic Zinc Company, Ltd., has declared a dividend on the preference and old ordinary shares of 4 per cent., and on the new ordinary shares of 1 per cent, for thd 1 half-year ended December 31 last. The dividend is less, where appropriate, a deduction of New South Wales Income tax and is payable on March 27. Transfor books will be closed from January 20 to January 22, and the dividend is payable to shareholders on the register on January 21. MINING Wellington-—Wellington Alluviate (New South Wales) reports that for four weeks ended December 6, the dredge worked 573 hours, handling 248,000 yards of material. and recovered bullion estimated to contain 870oz of fine gold. Okarito.—Okarito Gold Dredging reports a wash-up of Boz 18dwt of gold as the result of 122 hours’ dredging. Argo—The Argo dredge return for the week ended January 10 is 320z from 13,000 yards in 140 hours. WOOL APPRAISAL AT OAMARU The second wool appraisement of the 1941-42 season will take Place In Oamaru on Saturday, when it Is 'xP'cted that between 5500 and 6000 bales will be submitted. The average price a bale at the December appraisal was approxt mately £lB, or 13.164 d per lb. STOCK SALES RANGIOBA Rape lambs brought 15s #d to 18s at the Rangiora market yesterday. Small lambs made 10s 9d and two-tooth wethers 16 bairy cows in profit realised £6 to £lO 5s For pigs values were;— Porkers 36s to 465, stores 23s to 28s, slips 14s to 20s, weaners 9s to 14s. XEMUKA (PSS.) TEMUKA. January 13. The entry of 90 head of fat cattle at the Temuka sale was of mixed quality. Best qualify beef met with a firm sale, but values for cow beef showed an easing tendency. Prime steers made £ll 17s 6d to £l3 17s 6d, light to medium £8 7s 6d to £lO 7s 6d, prime heifers £8 7s 6d to £lO 12s 6d, prime cows £7 2s 6d to £8 17s 6d. Two races of fat sheep were yarded and values were slightly higher than at the previous sale. The yarding of fat lambs met with the usual brisk demand. Prime wethers made 27s 6d to 30s, prime ewes 12s 4d to 14s lOd, medium 9s lOd to 11s 4d, prime lambs 24s 7d to 27s Id, light to medium 20s 7d to 23s lOd. TINWALD Prices for fat sheep at the Tinwald stock sale yesterday were firm at recent rates, values for lambs being at schedule. The yarding, which was a small one, included 250 lambs. The top price of the sale was 26s 4d for two lambs sold on account of Miss J, Parsons, Eiffelton. Values for lambs ranged from 22s 4d to 26s 4d, while wethers made from 18s lOd to 22s 6d paid for a line sold for R. M. Mulligan (Mount Somers), and ewes from 8s 7d to 17* 3d. LORNEVILLE (P.A.) INVERCARGILL, January 13. There was a very small entry of fat sheep at the Lorneville sale to-day. For wethers the demand was keen throughout, with values on a baste of Is 6d higher than at the previous sale. In the opening stages of the sale ewes showed an improvement of about 5s a head. Later there was an easing tendency and over the latter stages values were only Is better than last week’s prices. Prime quality wethers realised from 28s to 29s 6d, good quality medium-weights from 26s 8d to 27s 6d, good quality young ewes from 12s to 13s 6d. Medium quality made from 10s 6d to 11s 6d, and inferior from 6s to Bs. The fat lamb entry was similar to that for the previous sale, and quality was good. Values realised were quite up to export schedule rates, and in many cases were probably Is above. Extra prime lambs sold at from 27s 6d to 295, prime freezing weights at from 2os to 26s 6d, light-weights at from 21s 6d to 235. The fat cattle yarding included tome good quality medium-weight bullocks, but good quality cows and heifers were in short supply. The sale was quite steady from beginning to end, with values for good quality sorts, more especially cows, being firm to a 10» improvement over the previous week Prime quality medium-weight bullock* sold at from £l4 15s to £ls, handyweights from £l3 to £l3 15s, lightweights from £ll 10s to £l2 10s. Good quality cows made from £lO 10s to £ll 10s medium from £8 to £9, unfinished from £6 5s to £7 ss, and inferior from £3 10s to £4 10s. Good quality handyweight heifers brought from £lO 5s to £ll. light-weights from £8 10s to £9 ss, and small from £7 to £7 15*.