COMMERCIAL

Evening Star, Issue 21099, 11 May 1932, Page 5

COMMERCIAL

THE SHARE MARKET DUNEDIN STOCK EXCHANGE. Bank and insurance shares were fairly steady at late rates at this morning’s call. A late sale yesterday of Union Banks at £6 9s 6d was reported, the closing quotes to-day being £6 6s and £6 10s. Union Steam Ships (pref.) had sellers at 19s 9d, without buying quotes. Buyers of Australian Glass improved to £1 10s 6d (cum div.), but no sellers were evident. A sale of New Zealand Paper Mills was effected at 18s 6d (cum div.), and the market closed with buyers willing to pay 18s 4d, with sellers fivepence away. Brewery quotations were on a par with those of yesterday. In the milling section Waihi Grand Junctions were inclined to firm. Electrolytic Zincs (pref.) and Mount Lyells were steady. Okaritos firmed slightly on the announcement of a dividend of 6d a share. Paddy’s Points were inquired for at 3s 6d, without sellers. Golden Points showed a firm market, with buyers offering and sellers wanting 7d, whilst Blackwaters had buyers at 7s 5d and sellers at 7s 9d. Moturoa Oils were consistently inquired for at about 2s 3d, without enticing a seller. Tho Bonds and Debentures were very freely quoted at late rates. Sale Reported.—Union Bank, £6 9s 6d (late sale yesterday). Sale on ’Change.—New Zealand Paper Mills, 18s fid (cum div.). Quotations as under:—

AUSTRALIAN STOCK EXCHANGES. Press Association—By Telegraph—Copyright. SYDNEY, May 10. Tho Stock Exchange is inactive. Commonwealth Bonds are irregular, but otherwise there is no noteworthy change. Morning sales: 4 per cent. Bonds, 1938, £94 10s; 1941, £92 10s; 1944, £B9 os; 1953, £B7 15s; 1959, £B7. Later sales: Colonial Sugar, £42 15s ■ Fairymead Sugar, 22c; Henry Jones, 29s 6d; United Insurance, £7: Australian Gas “A,” 106 s; Tooth’s, 25s 6d; Toohey’s, IGs IJd; Goldsbroughs, 24s 6d; Nestles (pref.), 29s 7Jd; South Broken Hill, 41s 3d; Norths, 61s; Sulphide Corporation, 9s 4d; Bonds—4 per cent., 1938, £94 8s 9d; 1941, £92 6s 3d; 1944, £BB 17s 6d; 1950, £B7 15s; 1955, £B7 7s 6d; 1959, £B7; 1961, £B7. MELBOURNE, May 10. Carlton. Brewery, 30s 6d;. Australian Glass, 36s 7-Jd; Commercial Bank of Australia (pref.), 141 s. LONDON STOCK EXCHANGE. Press Association—By Telegraph—Copyright. £ONDON, May 10. (Received May 11, at 10.5 a.m.) Australian stocks are firmer all round. Commonwealth, fives, £B7 ss. Several Victorian and New South Wales advanced 40s to 60s. Bank of Australasia, £7 13s 9d; Bank of New South Wales, £2l 10s; Union Bank of Australia, £5 3s 9d; National Bank of New Zealand, 555; Bank of New Zealand, £93 10s; shares, 40s; Loan and Mercantile 4 per cent, debentures, £57; ordinary stock, £3O 10s; P. and 0., 14s 3d. PRICE OF GOLD. Press Association—By Telegraph—Copyright LONDON, May 10. (Received May 11, at 10.5 a.m.) Fine gold is quoted at £5 12s 9d per oz. THE TALLOW MARKET. Press Association—By Telegraph—Copyright. LONDON, May 10. (Received May 11, at 10.5 a.m.) 'Tallow: Stocks, 2,320 tons; imports, 1,083; deliveries, 696.

FOREIGN EXCHANGES. (British Official Wireless.) Press Association—By Telegraph—Copyright.

SYDNEY WOOL SALES. Frets A»«oci»tio»—By T«l«jr»i»h—CopyrifJrt. SYDNEY, May 10. At the wool sales 10,805 bales were offered. Of tho 8,768 sold 423 changed hands privately. Continental and Yorkshire buyers were the chief supporters. The market continues firm., Greasy merino brought 12Jd per lb. NEW ZEALAND FRUIT IN LONDON. The Otago Provincial Fruitgrowers’ Council advises that the" High Commissioner’s cabled report lor the week ended May 7, on the London fruit market, is as follows: New Zealand Apples.—Somewhat better demands. Consignments ex s.s. Rangitiki and Port Hunter on the market, Cox’s orange are over-ripe and wasty, but other varieties are in good condition. Cox’s Orange, 12s to 14s; large quantities of wasty fruit down to 4s. Jonathan and Delicious, 10s to 12s 6d. Dunn’s Favourite, London Pippin, and Lord Wolseley, 10s to 11s 6d; Cleopatra, 11s to 12s. Small sizes generally Is less. Pears ex these vessels arrived on a temporarily bare market. Current prices: Josephine, Comice, and Beurre Bose, 15s to 20s; Winter Cole, 14s to 18s- Beurre Diel, Beurre Clairgeau, Conference, and Vicar of Wakefield, 11s to 14s. Three-quarter cases generally 2s less. More or less waste in Conference and Packham’s Triumph. METAL MARKET. Pr*w Awoeirtion—By Telegraph—Copyright. LONDON, May 9. Following are the official quotations in the metal market: — Copper.—Standard, £29 13s 9d per ton; forward, £26 16s 101 d per ton. Electrolytic.—Spot, £34; forward, £35 per ton. Wire bars, £35 per ton. Lead.—Spot, £ll Is 3d; forward, £ll 7s 6d per ton. Spelter.—Spot, £l2 6s 3d; forward, £l3 2s 6d per ton. Tin.—Spot, £124 15s; forward, £127 per ton. ' Silver.—Standard, 16 3-16 d per oz; fine, 16 7-8 d per oz. RABBITSKIN SALES. The Dunedin Stock Agents and Woolbrokers’ Association reports as follows:—Skins are now coming to hand more freely from trappers, and catalogues at yesterday’s sale contained a bigger proportion of good autumns and incomings which met with keen competition. Clean incomings free from spots sold to 26id, and a few small lots of early winters brought up to 3(Rd. Spotted sorts were relatively fewer, but it appears from the demand at to-day’s sale that skins caught from now on will meet a ready sale and should be well worth sending to auction. _ Inferior grades, such as summers, milky, etc., were in poor demand, and brought very low prices. The following is tho range of prices:—Summer broken, l;[d to 2d; autumn broken, 6£d to 7d; first winter broken, to 9id; runners and suckers, 3d to 3|d; summers, 2 J a d to 3-id; light racks, sid to 6d; prime racks, 4Jd to 5Jd; dawny autumn, 7}d to 7-Jd; early autumns, Hid to 12d; late autumn, 17-id to 19d; second incoming, 12Jd to 14d; incoming winter, 25:1 to 26id; early winter, 27Jd to 301 d; milky, IJd to 13d; fawn, lOd to 151 d; summer black, 2Jd to 2Jd; autumn black, si|d to 7d. Hareskins, 4d to 4id. Horsehair, 14d.

BUTTER AND CHEESE. Messrs H. L. Tapley Ad Co. Ltd., South Island agents for the Anglo-Cou-tinental Produce Company, London, have received the following cabled market report;—Butter - , 96s to 97s per cwt; cheese, 58s to 59s per cwt; markets quiet. The South Island Dairy Association has received the following market reports from the New Zealand Produce Association, London:—Butter, 96s to 975; Danish, 104 s to 105 s. Cheese—white 58s, coloured 595. Both markets are quiet. OKARITO DIVIDEND. The Okarito Gold Dredging Company Ltd. advised the Stock Exchange at this morning’s call that at a meeting of directors last evening it was decided to pay a dividend of Cd per share on or about June 7. The actual date was not decided pending receipt of the proceeds of a gold shipment which is expected to arrive within the next two or three weeks.

Buyers Sellers. £ B. d. £ 1. BANKING— Bank of N.S.W. ... 24 10 0 Commercial Bank ... 0 13 5 0 13 8 National Bank of Zealand 3 5 0 3 7 0 Union Bank of Australia Ltd 6 6 0 6 10 0 INSURANCE— National Insurance Co. (cum div.) 0 11 0 0:11 8 Standard Insur. Co.... 1 14 0 1 18 6 SHIPPING— TJ.S.S. Co. (pref.)... 0 19 9 COAL— Westport Coal Co. ... 0 18 6 LOAN AND AGENCY— Goldsbrougli Mort ... 1 I 0 N.Z. Loan and Mercan tile (ord.) 40 0 0 Wright, Stephenson (pvef.) _ 0 15 3 MEAT PRESERVING— Canterbury Meat Co. ,(ord.) 3 0 0 N.Z. Refrigerating (paid) 0 10 3 N.Z. Refrigerating (cont.) * 0 3 9 0 4 0 MISCELLANEOUS— Australian Glass 1 10 6 British Tobacco 1 5 6. Crystal Ice Co. 1 2 6 Dominion Rubber ... 0 6 0 Kaiapoi Woollen (ord.) , 0 6 3 Milburn Lime and Cement 1 6 0 M'Leod Bros 22 0 0 _ National Electric 0 9 0 N.Z. Drug Co 2 6 0 — N.Z. Express (pref.) N.Z. Farmers’ i'erliser — 0 15 3 0 12 0 0 12 9 N.Z. Paper Mills ... 0 18 4 0 18 9 ‘ Otago Daily Times ’ Wilson’s (N.Z.) Ccmei Woolworth’s (pref.) ... 1 16 0 — t 1 5 3 — 1 3 0 — BREWERIES— N.Z. Breweries Ltd.... 1 4 3 1 5 0 Dunedin Brewery 0 19 6 — Tooth’s Brewery — 1 3 0 MINING— Waihi 0 15 7 Waihi Grand June.... 0 3 4 Electrolytic Zinc (P'-eL) 0 19 3 1 0 6 Mount Lycll 0 17 10 0 18 6 Mahakipawa 0 0 3. 1 0 0 5 Okarito 0 9 6“ 0 9 9 Paddy’s Point 0 3 6 — Golden Progress 0 1 9 0 2 6 King Solomon 0 1 0 0 1 2 Golden Point 0 0 51 0 0 7 Golden Terraco ... ... — 0 3 6 Blackwater 0 7 5 0 7 9 Consolidated Goldfields 0 2 11 Gillespie’s Beach par 0 0 3p OIL— Motorua 0 2 3' .. WAR BONDS— (Bonds quoted are £100 Bonds.) 1938 41 p.c. Bonds ... . — 95 10 0 1939 41 p.c. "Bonds ... — 93 5 0 1938 44 p.c. Ins. ... — 95 10 0 1939 41 p.c. Insc. ... — 93 0 0 1933 SjTp.c. S.S. Bonds 99 0 0 — 1936 §1 p.c. Bonds... 98 15 0 — 1933 51 p.c. Bonds ... 98 10 0 — 1933 51 p.c. Ins. 98 10 0 — 1937 5g p.c. Bonds (February) 99 10 0 1937 51 p.c. Ins. (February) .1. ... 99 5 0 1937 5g p.c. Bonds (September) 99 10 0 1937 51 p.c. Ins. (September) — 99 5 0

RUGBY, May 9. May 7. May I). Paris, franc to £1 Brussels, belgas lo ... 93 93* 26.12-' ‘ 26.17$ Oslo, kroner to 19 IMG 19 21-32 Stockholm, kroner to ... LB 19 7-10 Copenhagen, kroner to ;£! 38780 18} Geneva, franc lo £1 38.75 18.80 Berlin, rcichmarken to £1 15.40 15 7-10 Montreal, dollar to ;£! ... 4.10?. 4.13 New York, dollar to £1 ... 3.67* 3.08 Amsterdam, florin 10 //i ... !>,()(> 9.071 Milan, lire to ,£1 71} 71} Prague, kroner to £1 ♦Vienna, schilling lo ... mi 124 32 32 Helsingfors, marks to ;£1 ... 215 215 Madrid, peseta to £1 40-'. 40* Athens, drachmae to ;£! ... 540 54a Lisbon, escudo to no 100 Bucharest, lei to £X G15 (515 Rio de jnneiro, pence lo milreis 4i 4J Buenos Aires, pence to dollar 30f ♦Montevideo, pence to dollar 30 30 Shanghai, pence to tael ... — 19 29-32 Yokohama, pence to yen ... 2H 21 5-16 Hongkong, pence to dollar 15 15 1-33 Bombay, pence to rupee ... 17 15-1C 17 15-1G Batavia, florin to £1 ♦Nominal