COMMERCIAL

Press, Volume LXXVIII, Issue 23804, 25 November 1942, Page 4

COMMERCIAL

STOCK EXCHANGES. BUYERS PREDOMINATE IN MARKET* Price levels were fully maintained on the Stock Exchange yesterday, with buyers again predominating. Sales on ’Change.—Listed Stocks: 484 Broken Hill Proprietary, 40s (3); 100 Woolworths (South Africa), 20s Bd; 300 Snowy River (os paid), 6s Bd, Sales Reported.—Listed Stocks: £3OO New Zealand Refrigerating, 4i p.c„ 1/8/45, £lOl 10s; 200 Bank of New Zealand (late sale Monday), 40s 4d; 300 Bank of New Zealand, 40s 4d, 40s 3d: 100 Goldsbrough, Mon (cum div.), 28s 6d; 200 National Mortgage “A,” 42s 6d; 165 Kaiapoi Woollens (17s paid), 19s; 5 Colonial Sugar, £52. Quotations included;— 3 p.c. Ins. Stock, 15/7/45, buyers at £IOO 10s; 3 p.c. Ins., 15/9/52-55, b. £99; 4 p.c. Ins., 15/6/52-55, b. £107; 4 p.c. Ins., 31/5/54-58, b. £IOB ss; Comm, of Australia, b. 15s; Natl, of A’asia (£5), b. £5 10s 6d; New Zealand, b. 40s 2d, s. 40s 6d; N.Z Insurance, b. 755; South British, b. 64s 9d, s. 65s 3d: Dalgety, b. £7 2s 6d; Goldsbrough, Mort, b. 28s. s. 28s 6d; United Building, b. 20s 9d. s. 21s 6d; P. and O. Deferred, b. 40s 9d; N.Z. Refrig. (10s paid), b. 10s 6d, s. 10s lid; Kaiapoi (17s paid), b. 19s; Kaiapoi (pref.). b. 21s 9d, s. 21s' 9d; Westport, b. 24s 7d; Westport-Stockton, b. 2s sd, s: 2s 9d: N.Z. Breweries, s. 365; Andersons (pref.). b. 18s 6d; Aust. C.1., b. 48s; Beath and Co.. b. 235; Beath and Co. (pref.), b. 23s 6d; Booth, Macdonald (pref,), b. 6s 7d; British Tobacco, b. 43s 6d; Broken Hill Pty., s. 40s 9d; Canterbury Roller Flour, b. 11s 6d; Colonial Sugar, s. £52; Dominion Fertiliser. b. 21s 3d. s. 225; Electrd. Zinc (ord.), b. 48s; Electro. Zinc (pref.). b. 545; G. J. Coles, b. 54s 6d. s. 58s; Macduffs.'b: 6s, s. 7s 3d; Macduffs (pref.), b. 18s 3d; National Electric, b. 255; N.Z. Drug, b. 82s: N.Z. Drug (£1 paid), b. 465; N.Z.F. Fertiliser, b. 17s 9d. s. 18s 6d; N.Z. Newspapers, b. 34s 6d; N.Z. Paper Mills, b. 34s 3d; Quill. Morris (1936), b. 18s; Whltcombe and Tombs, b. 83s; Wilson’s Cement. b. 17s lOd: Woolworths (ord.). b. 15s 7d, s. 15s 9d; Broken Hill South, b. 25s 9d, s. 26s 6d: Mount Morgan, b. 8s 6d; Grey River, b. 13s 6d, s. 14s; Snowy River, (5s paid), b. 6s 7d, s. 7s. AUCKLAND Sales.—Ellesmere Electric Power Board, 1/12/46, 4i per cent., £104; Commercial Bank, 15s 3d; Commercial Bank (pref.), £10; Bank of New Zealand. 40s 6<3: National Insurance. 21s 6d; Goldsbrough, Mort, 28s 7d; Northern Steam, 6s 3d; A.C.1., 495; Farmers’ Trading, 21s 9d; Reid Rubber (new issue), 245; Woolworths (Sydney), 15s 9d. Unofficial List.—Rialto Theatre, 6s. WELLINGTON Sales.—Late on Monday: Macduffs. Ltd. (pref.), 19s. Yesterday: Snowy River, Gs 9d; Taranaki Oilfields, 5s 9d; Taranaki Oil Development, 2s 9d. SYDNEY Trading was very sluggish on the Sydney Stock Exchange yesterday. Little business was transacted. Sales.—United Provisions, 11s 6d; Fairymead Sugar, 30s 4Jd; Bank of New South Wales, £27 10s: Broken Hill Pty., 40s; General Industries, 19s 6d; Fresh Food, 9s: Dunlops, 19s 3d; Mount Lyell, 295: Cumberland Paper, 30s 9d; Electrolytic Zinc (new, paid). 49s 3d; North Broken Hill. 46s 6d. RABBITSKIN SALE (P.S.S.) DUNEDIN, November 24; About 27 tons were offered at to-day’s rabbitskin sale. The offering comprised chiefly low grades, summers, and milky does, and prices for these, as compared with previous auction rates, can be quoted on the average at 6d to 7d per lb dearer. A few late season winters were offered, and these were generally 3d to 6d per lb firmer. The following is the official range of pricesWlnteV bucks, 74d to 79d; winter does, 70d to 78d; spotted winter bucks, 62d to 67d; spotted winter does, 66d; outgoing winter bucks, 61d to 67d; outgoing winter does, 58d to 68d; spring bucks. 38Jd to 45Jd: spring does, 33Jd to 40d; milky does, 18d to 30d: summers. 19d to 2Ud; winter broken, 26d to 30d; second winter broken, 24d to 28Jd; summer broken. 19d to 22d. STOCK SALES RANGIORA Entries in all sections were good at the weekly stock market at Rangiora yesterday. Values were:— Sheep.—Fat woolly ewes, 24s to 32s Id; fat shorn ewes, 18s to 245; ewe hoggets in wool, 30s to 38s; wether hoggets in wool, 27s 9d; shorn wether hoggets, 24s 9d to 265; ewes and lambs. 16s 3d. Cattle.—Springing heifers, £8 12s 6d; fat cows, £8 to £8 10s; yearling heifers, £5 2s 6d to £6; bulls, £3 to £5 ss. Pigs.—Baconers, £4, 4s to £5 16s 6d; porkers. 52s to £3 12s; stores. 42s to 50s; slips, 34s to 375; weaners, 28s to 31s TINWALD The entry at the Tinwald stock sale yesterday consisted mainly of fat ewes, only a few lambs and one wether being offered. Prices for the ewes showed a slight increase over those ruling at the Ashburton market last week. Entries of fat cattle were fairly good. Prices for woolly ewes ranged from 15s to 37s 7d. and shorn ewes made from 15s lOd to 34s 4d. Fat lambs brought from 28s Id to 34s 7d. Fat cows sold at prices ranging from £4 17s 6d to £l2 17s 6d. A yearling heifer brought £6 12s 6d, and a steer sold for £8 12s 6d. LORNEVILLE (P.A.) INVERCARGILL, Nov. 24. The fat cattle yarding at Lorneville today was smaller than that at last week's sale. The quality, taken all oyer, was only fair. The market opened slightly better than did the last sale for cows. Bullocks brought about the same prices. As the sale progressed values eased, and near the end passings were irequent. Prime medium-weight bullocks made to £l6 10s, lighter £l2 to £l3 10s, and smaller from £9 10s to £lO 10s. Best heifers sold at up to £l4, medium £lO to £ll, and light from £8 to £9, Prime heavy cows made up to £l2, good cows from £9 10s to £lO 10s, lighter £7 10s to £8 10s, and poorer sorts from £5 to £6. Best runners made up to £5, and vealers up to £2 ss. The fat sheep yarding was somewhat smaller, and values showed a rise on last week's prices. Prime heavy woolly wethers made to 495, good from 40s to 425, and lighter to 365. Prime heavy maiden woolly ewes made up to 38s 6d, good from 34s to 365, lighter from 28s to 30s, prime heavy shorn wethers 32s to 345, and medium 28s 6d to 30s. Fat lamb values were slightly below last week’s high prices, and towards the end of the sale showed a distinct drop. Prime heavy lambs made to 365, good from 32s to 345, lighter 26s to 275, and.medium sorts from 22s to 245.