DUNEDIN STOCK EXCHANGE

Evening Star, Issue 23322, 19 July 1939, Page 6

DUNEDIN STOCK EXCHANGE

THIS MORNING S CALL LATEST QUOTATIONS

RABBIT SKIN SALE EXPORTERS’ LIMITS LOWER NEW ZEALAND FURRIERS ACTIVE A large catalogue of approximately 75 tons was submitted at yesterday’s rabbit skin sale Although competition was keen throughout the auction, exporters’ limits were lower, and bucks especially were weaker. At the previous sale buyers were anxious to fill orders, and values for bucks appreciated considerably. Owing to the import restrictions, New Zealand furriers were most active at the snje yesterday, and took a fair quantity of does and ferrets. As compared with previous sales’ quotations, bucks were, on the average, 3d to 6d lower, while does were irregular. Hatters’ grades were firm, while autumns of all descriptions were a shade easier. The following is the official range of prices:—Small 9d to IGJd per lb, runners to 16d, light racks 17Jd to 19£d, prime racks 17Jd to 18id, summer bucks 14jd to 16id, summer does ISfd to 17d, dawny autumns 20d to 2ld, first early autumns 22Jd to 25d, first late autumns 30d to 39id, first incomings 40d to 41 Sd, second incomings 28id to 33Jd, first early winter bucks to 78d, first early winter does 37jfd to 41d, spotted winter bucks 52d to 65d, spotted winter does 3ld to 32Jd, second winter bucks 75d to 78Jd, second winter does 3G.Jd to 38.Jd, first winter bucks 86d to 88Jd, first winter does 40d to 47Jd, prime winter bucks 90d to 91 £d, prime winter does 44d to 47id, outgoing winter bucks 39id to 44(3, outgoing winter does 25|d to 26fd, furrier does 36Jd to 40d, spring bucks 29d to 37id, spring does'2l Jd to 25d, autumn does to 27d, first milky 19d to 2Ud, milky 142 d to IGd, summer broken 14d to IGd, autumn broken 20? dto 23Jd, second winter broken 22Jd to 25Jd, first winter broken 25{d to 28d, summer fawns 20d to 20Jd, autumn fawns 28d to 3CJd, first winter fawns 48d to 601 cl, summer black to 102 d. autumn black 19d to 22id, first winter black 37;1d to 43d, first hareskins 24d to 24{d, barcskins lOd to 13Jd. horsehair 13d to 18d. first ferrets (each) 4s 4d to 6s 6d, second ferrets (each) 2s 6d to 4s Id.

FOREIGN EXCHANGES

OH NEW ZEALAND CURRENCY BASIS The Bank of New South Wales, Dunedin, quoted the following rates for purchase and sales of foreign exchange (all rates subject to alteration without notice)

DOLLAR RATES. The Associated Banks (other than the Bank of New South Wales) to-day quoted the following dollar rales on a New Zealand currency basis. They are subject to alteration without notice:— U.S.A. CANADA. (Per £1 N.Z.) (P«r€l N.Z.) SELUNGT.T. (del) ... 3.72 1-4 3.72 11-16 O.D. (dol) ... 3.72 1-2 3.73 BUYINGO.D. (dol) ... 3.78 1-16 3.78 3-4 CHRISTCHURCH GAS The Christchurch Uas, Coal, and Coke Company Ltd. announces an interim dividend of 3 per cent, (unchanged! for the six months ended June 8, 1939. The final dividend last year was 4 per cent., bringing the year’s rate to 7 per cent.

AUSTRALIAN STOCK EXCHANGES

Frees Association—By Telegraph—Copyngnt SYDNEY,-'July 18.. The spectacular recovery reported on tho New York, Stock Exchange produced a better tone on the Sydney share market, resulting-in most shares improving, with heavier trading. £ s. d.

PRICE OF GOLD

During the European crisis at the end of September, 1938, the price reached £7 7s (September 28). On January 4, 1939, a record price of £7 10s 5d was made. During February the price varied from £7 8s 7Jd (February 1) to £7 8s 2d (February 27). Highest price in 1939, January 4, £7 10s 5d (record). Highest price in 1938. November 26, £7 10s; lowest price in 1938. January 3, £6 19s sd. Highest price in 1937, March 6, £7 2s 7jtl; average price in 1930, £4.5s an ounce.

METAL MARKET

Press Association—By Telegraph—Copyright LONDON, July 18." (Received July 19, at 1 p.m.) . Following are the latest official (middle) quotations on the London metal market," as reported by the Australian .Mines and Metal Association, compared with those of, July

DOLLAR AND STERLING Presi Aswciation—By Telegraph—Copyright LONDON, July 18. (Received July »19, at 11 a.m.) Sterling exchange, London on New York, 4.68 J.

London on New York during 1937 averaged 4.95d0l to £1 sterling; on August 2, 1938, 4.49|; on September 28, 4.63; and during October varied between 4.78* and 4.755. During November, 1938," the variation was between 4.76id0l (November 8) and 4.63 J. __ DEALINGS IN RIGHTS Transactions in the rights to'th* new shares of Woolworths Propertiet Ltd. and G. J. Coles and Company Ltd. will cease in New Zealand tomorrow, as the last mail leaving New Zealand by which shareholders can lodge applications or renunciations to reach the companies' offices by July 31, is by the Niagara, leaving Auckland on July 25. ANTWERP FUTURES Press Association—By Telegraph-Copyright LONDON, July 18. (Received July 19* at 11 a.m.) Antwerp futures are quiet." July,21|d; October, 21Jd; December, 21^ LONDON STOCK EXCHANGE Press Association—By Telegraph-CopyriEhl LONDON, July 18. (Received July 19, at 12.30 p.nO Dalgety 4 per cent. Debentures r 8 (nominal), British Tobacco, 3P Id' (nominal); Goldsbrough, Mort. .»»■ BJd (nominal); Dalgety, .3->s (nominal); P. and. 0.. Deferred, lfc» 7}d.

Buyers. Sellers. £ S. d. £ s. d. N.Z. GOVERNMENT LOANS4 p.c. Stock, Nov., 1949-52 95 15 0 — 4 p.c. Stock, March, 1940-43 98 10 0 — 3i p.c. Stock, March, 1941-43 98 0 0 — 3f p.c. Stock, Sept., 1941-43 98 0 0 — 3 p.c. Bonds, 1939-41 95 10 0 — 3 p.c. Slock, 1939-41 95 10 0 — ,4 p.c. Bonds, 1943-46 98 15 0 — 4 p.c. Stock, 1943-46 98 15 0 — 4 p.c. Bonds, 1946-49 97 s 0 — 4 p.c. Stock, 1946-49 97 5 0 — 4 p.c. Bonds, 1952-55 95 15 0 — 4 p.c. Stocky 1952-55 95 15 0 — BANKING— New Zealand (£1) ... 1 18 9 1 19 3 New Zealand (Long “ D,” £1) 1 6 3 — Commercial tlOs) — 0 17 0 E.S. and A. (£3) ... _ 5 2 6 INSURANCE— / National (7s) 0 16 .7 0 17 0 New Zealand (£1) ... 2 11 0 — Standard (£1) 2 13 9 SHIPPING— Hoawrd Smith (£1) 1 0 6 1 1 6 U.S.S. Co. (pref., £1) — i e 0 LOAN AND AGENCY— N.Z. Guar, Corp. (3s) Otago Farmers’ Co-op. — 0 4 ;3 (3s 4d) — 0 2 9 Trustees, Executors, and Agency (£3) 4 4 0 — Wright, Stephenson (pref.', £1) — 0 19 4 COALKaitangata (16s) ... 1 7 6 — Westport (10s) 1 0 5 — Westport-Stockton ■ 0 8 (pref., 10s) 0 7 9 3 OIL— Taranaki (£1 4s 7d) — ‘0 6 6 GASAuckland (£1) ... ... — 0 17 0 Christchurch (£1) ... i 4 9 _ WOOLLEN COMPANIESBond’s. Hosiery (£1) i 0 3 — Bruce (ord., £1) 0 10 0 — Kaiapoi (ord., 17s) ... — 0 0 12 6 Kaiapoi (cont., 7s) ... 0 4 — Oamaru (£1) U 14 9 ■ MISCELLANEOUS— Associated News (pref., £1) 1 i 6 Australian Consol. 1 19 .0 Ind. (£1) — Broken Hill Prop. m 3 9 4 3 10 0 Broken Hill Prop. (cont.) 3 2 0 Brown, Ewing 0 0 (pref., £1) 1 — D.l.C. (pref., £1) ... 1 1 6 — . Dominion Rubber 0 17 (£1) ... G. J. Coles (£1) - 3 19 6 0 G. J. Coles (rights) 2 11 6 — I.C.I. (pref., £1) 1 4 0 1 4 9 Kauri Timber (£1 5s) — 13 9 Milburn Lime and 1 Cement (£1) 1 15, 9 ■ — National Electric (£1) ... ... ... ... 0 13 3 — N.Z. Drug Co. (£2) 3 8 9 — N.Z. Paper Mills (£1) ... ... ... ... 1 '4 9 — ‘ Otago Daily Times (£1) — 2 0 6 Regent Theatre (£1) 1 1 6 Woolworths (ord.. 0 £1) ... - 0 17 — Woolwotths (Sydney, ord., 5s) ... 1 3 11 — Woolworths Properties 0 (rights) 1 7 — BREWERIES— New Zealand (£1) ... 1 17 3 1 18 ! 0 Tooth’s (£1) 2 15 0 — OVERSEAS MINING— Broken Hill South (5s) ... 1 8 0 — Electrolytic Zinc 2 18 (prcf.,-£l) ... ... — 3 Electrolytic Zinc 2 13 (ord., £1) — 9 Mount Lyell (£1) — 1 8 9 Mount Morgan (2s 6d) 0 10 6 0 10 8 Mount Morgan (pref., 1 0 £1) 3 — North Broken Hill (5s) 2 8 6 2 10 0 N.Z. GOLD MINING— Austral N.Z. (£1) ... 1 4 6 Big River (Is) Gillespie’s (Is) 0 0 9 0 0 lOi Nokomai (5s) — 0 2 0 Sandhills (Is) — 0 0 2 Waitahu (5s) 0 0 8 —

London — £100 stg. N.Z. T.T. . O.D. £124 7/6 £123 18/9 £125 £124 19/6 Australia— £A to £100 N.Z. T.T. , O.D £100 10/ £100 10/ £100 £100 Fiji— £F to £100 N.Z. T.T. . O.D. £90 £90 £88 12/6 ■ £88 12/6 New York— Dollar to N.Z £1 TVT. O.D. 5.7763 3.7813 3.7330 3.7340 Montreal— Dollar to £1 N.Z T.T. O.D. 3.7783 3.7870 3.7383 '3.7393 Belgium— Belgas to £1 N.Z T.T. O.D. 22.720 22.345 21.960 21.965 Denmark— Kroner to N.Z ... £1 T.T. O.D 18.140 18.200 17.33017.832 Finland— Marks to N.Z ... £1 T.T. O.D. 184.85 185.25 179.05 179.15 France— Francs to N.Z. ... £1 T.T’. O.D. 142.98 144.23 140.48 140.50 Germany— Reichsmarks £1 N.Z. to T.T O.D z 9.277 9.279 Greece— Drachmae to £1 N.Z. ,. T.T' O.D - 429.20 429.35 Holland— Florins to N.Z. ... £1 T.T. O.D. 7.100. 7.140 6.950 6.952 Italy— Lire to £1 N.Z. ... T.T O.D - 70.976 71.001 JavaFlorins to N.Z. ... £1 T.T'. 7.098 O.D. 7.138 6.948 6.950 Norway — Kroner to N.Z. ... El T.T. O.D. 16.127 16.187 v 15.857 15.840 Noumea— Franc* to N.Z ... £1 T.T. O.D. 145.48 . 146.98 138.73 138.77' Papeete— Francs to N.Z. ... El T.T. O.D. 144.88 146.38 138.88 138.92 Sweden— Kroner to N.Z ... £1 T.T. O.D 15.742 15.802 15.447 15.450 Switzerland— Francs to N.Z. ... £1 T.T. O.D. 16.794 16.894 16.524> 16.527 Hongkong— NZ. pence 1 dollar to T.T. O.D. 18 9-16 18 17-32 ■ 18 15-16 18 15-16 India and Ceylon N.Z. pence to 1 rupee T.T. O.D. 22 1-4 22 7-52 22 17-32 22 17-32 Japan— N.Z. pence 1 yen ... to T.T. O.D. - 17 37-64 17 37-64 Manila— N.Z. pence 1 peso to T.T. O.D 31 33-64 31 27-64 32 7-32 32 7-32 Singapore— N.Z. pence 1 dollar to T.T. O.D 34 15-16 34 23-52 35 19-64 35 19-64 South Africa£N.Z. to £100 S.A T.T. £123 4/6 O.D, £122 17/ £124 17/ £124 17/

Commercial Bank of Australia (prof.) ... ... ... National Bank (£5 paid) ... 8 13 6 2 0 6 Australian Guarantee Cor3 0 poration ... ... 1 Howard Smith ... ... ... 0 19 6 Howard Smith (N.Zi delivery) ... ... ... 0 19 6 Burns, Philp ... ... ... 2 10 6 British Tobacco ... 2 7 9 Berlei ... ... ... ... ... 1 19 0 Tooths ...• ... ... ... .... 2 12 3 Tooheys ... ... ... ... 1 9 3 Coles ... ... 3 12 6 Woolworths 1 2 U Australian Iron and Steel 8 1 (pref.) ... ... ... ... 1 Australian Consolidated Industries 1 15 U Hordern ... ... 0 14 2 Hordern (pref.) ... 0 19 9 Stedman > ... 0 13 10 General industries * 0 19 6 Mort’s Dock 0 15 3 Australian Paper Mfrs. ... 1 3 3 6 Atkins 1 3 Adams 0 15 9 Cash Orders 0 17 0 Sargents ... 1 7 6 Standard Cement 1 2 0 Goldsbrough, Mort 1 6 6 Morris Hedstroro I 5 0 Henry Jones ... ... ... 2 10 6 Electrolytic Zinc ... 2 9 0 Electrolytic Zinc (pref.) ... 2u3 0 Mount Morgan 0 9 5 Zinc Corporation Broken Hill Pty 4 2 6 3 3 6 Broken Hill Pty. (cont.) ... 2 17 9 North Broken Hill 2 4 3 Souths - 1 5 9 Arahura Gold 1 6 0 Emperor 0 9 I Kanieri 1 11 1 3 Oil Search 0 4 2 MELBOURNE, July 18. National Bank (£5 paid) ... 6 3 0 Commercial Bank of Aus0 tralia 0 15 Adelaide Steam •_ 1 12 0 British Tobacco ...' 2 7 9 Coles (ex rights) 3 12 9 Coles ’ (cum rights) V 7 9 Hume Pipe 0 18 4 Carlton Brewery ... ... 3 8 0 Capel Court Investment ... 0 2 9 Nestles (pref.) I 13 3 Woolworths 1 2 0 Broken Hill Pty 3 3 3 Norths 2 4 0 Souths 1 5 7 Loloma 1 3 9 Emperor 0 9 3 Electrolytic Zinc 2 9 0

LONDON, July 18. (Received July 19, at 11 a.m.) Fine gold is quoted at £7 8s 5£d an ounce. J uly 17 . £7 8 6 . July 14 . 7 8 5 J uly 13 . 7 8 6 July 12 . 7 8 6 July 10 . . ... ... 7 8 6 July 7 . 7 S 6 July 6 7 8 6 July 5 July 4 7 7 8 8 61 • : 6J July 3 . 7 8 61 June 30 . 7 8 6 June 1 7 8 5 May 31 , 7 8 51 Ma'y 1 • 7 8 6 April 21 . 7 8 6 April 4 . March 31 7 7 8 8 51 « February 28 7 8 3 February : 7 8 71 January 81 7 8 6 January 4 7 10 5

17:July 17. £ a. d. . July 18. e $. d. Copper— Standard, spot ... 42.13 1* 43 1 10t Forward 43 0 7 i 43 16 3 Electrolytic, spot 48 17 6 49 2-6 Forward Wire Bars— 49 5 0 49 10 0 Spot 49 5 0 49 10 0 Lead— Spot , v .... 14 15, Js , 14 19 Forward Spelter- ' 14 18 1 i 15 1 5 Spot «•« ... 14 4 4jt 14' 6 10t Forward Tin- ... ... 14 8 li 14 10 7i Spot 229 18 9 229 18 3 Forward Silveri225 3 9 225 3 9 Standard, ber 02 16 3-4d . , 16 3-4d Fine, per oz .18 l-16d 18' l-16d

July 17 ... 4.68 3-16 July 14 ... 4.68 3-16 July 13 ... 4.68 3-16 July 12 ... 4.68 3-16 • July 11 ' ... ... 4.68 8-16 .'.. July 10 , ... ... 4.68 3-16 July. 7. ... ... 4.68 3-16 July 6 ..; 4.68 1-8 . • - July 5 ... 4.68 1-8 , July 4 ... 4.68 1 8".' July 3 ... 4.68 1-8' . June 30 ■ ... ... 4.68. 1-8 June 1 ... 4.68 1-4 ;. May 31 ... 4.68 1-4 .„... May 1 ... 4.68 1-8-■ April 3 ... 4.68 7-16 March 31 ... ... 4.68 1-4 March 1 ... ... 4.68 3-4 February 28 ... 4.68 1-8 February 1 \ ... 4.68 3-4 January 31 ... ... 4.68 1-2 Jauary 2 ... ... 4.68, 7-8