Commerce, Mining, Finance

Evening Star, Issue 23685, 19 September 1940, Page 7

Commerce, Mining, Finance

STEADY MARKET ONLY MINOR CHANGES GOVERNMENT LOANS EASE SLIGHTLY Government, loans eased fractionallyon the Dunedin Stock Exchange this morning, but the strong demand might indicate that the limit for these has not even yet been reached. Sales reported from northern centres bear out this contention, although from their number the bid is becoming sufficiently attractive to induce sales. Westport Coal showed a slight advance with the bid at £1 2s 6d. G. J. Coles was up, being quoted at £3 6s (buyers) and £3 10s (sellers). A sale of these shares at the beginning of the month was at the figure of £3 3s 6d. Drug rights continued to appreciate in value, and Wool worths (Sydney) were quoted at 18s' (buyers), 18s 9d (sellers). SALES REPORTED. —Yesterday.— Broken Hill Proprietary, £2 6s. D.I.C. (pref.), £1 3s. —This Morning.— Electrolytic Zinc (ord.), £2 11s 6d. ORANGE CONSIGNMENT WASTE NECESSITATES REPACKING OTHER PRODUCE PLENTIFUL Lovell, Bales report as under on the operations in (he fruit marls fur the period ended to-day:— / Three thonsind cases of navel oranges were discharged here tills week. As the consignment showed waste on arrival it was decided by the Internal Marketing Division to resort to repacking. Brokers have now completed their quotas, and the whole of the shipment should be cleared from wholesale hands to-day. A small shipment of lemons was received during the week. The quantity available was quite inadequate for the requirements of the trade, and rationing was necessary. New Zealandgrown lemens have been in better supply, two allocations having been made. Pair supplies of Island tomatoes reached the market during the week, and the fruit being in good condition, was quickly sold at prices remunerative to shippers. Dessert and cooking pears have been short of requirements, and more could be absorbed if available. Ample supplies of dessert apples are available to meet the demand, the varieties on offer being Delicious. Stunners, and Tasmas. Cooking apples are m short supply. A small line of Washingtons which readied the market to-day was eagerly competed for by retailers. Tree tomatoes, poorman oranges, and grapefruit arc being received regularly from the north, with a moderate demand.

The market has been well supplied with all classes of vegetables. Owing to suitable weather conditions, the supply of both cauliflowers and cabbages increased, and a sharp decline in value of both lines is recorded. Rhubarb is now being consigned in larger quantities from Outram and Sawyers Bay districts. Values have remained firm during the week, but it is expected that they will drop shortly. Spring lettuce are being consigned from Oamarn, Outram, and Sawyers Bay districts. Good quality spring cabbage have been on offer in fair quantities. Prices obtained have been unpayable to consigners. Swedes have been on offer in fair quantities at unchanged values. The market for carrots and parsnips shows a slight improvement. Soinach continues to realise high values. Table potatoes have declined further in value during the week. Table onions have a good inquiry at advanced prices.

Values arc: — Bananas, 20s 6d to 235. New Zealand lemons, 14s 6d to 20s a case. Oranges, Australian, 18s 3d to 25s 3d. Apples.—Cooking, 7s; Delicious, 8s 1o 9s 6d; Stunner, 8s to 9s 6d; Cleopatra, 7s 6d to 9s; Granny Smith, 7s to 8s 6d; Statesman, 6s to 7s 6cl; Rome Beauty, 6s to 7s 6d. 4 Poorman oranges, 10s. Dessert Pears. —Winter Nelis, 13s a largo case; Winter Cole, 13s a largo case. Island tomatoes, 15s to 16s 6d. Tree tomatoes, 9s 6d a case. Chinese gooseberries, 11s 3d a case. Spinach, 2s to 2s 4d -a dozen. Potatoes.—King Edward. £4 a ton; whites, £3 a lon. Onions, 13s a bag. Lettuce, 2s to 3s a dozen. Carrots. —9d to Is a dozen; Is 6d to 2s a bag. Cauliflowers.—Choice, to 5s a sack; others, 2s to 3s a sack. Cabbages, 2s to 2s 6d a sack. Spring cabbages, Is 6d to 2s 6d a case. Beetroot, to Is a dozen. Swedes, Is 3d to Is 6d a bag, Parsnips, 9d to Is a dozen; 2s to 2s 6d a bag. Celery, Is a bundle. Rhubarb, 3s 6d to 4s 8d a dozen, DUNEDIN STARR-BOWKETT APPROPRIATIONS BY BALLOT At a meeting of shareholders of the Dunedin Starr-Bowkett Society last night the following appropriations wore disposed of:—No. 5 Group—l3oth appropriation of £SOO by ballot. Cluster No. 14, five shares held by one shareholder, was successful. No. 6 Group—9Btb appropriation of £SOO by ballot. Cluster No. 195, five shares held hv one shareholder, was drawn. AUSTRALIAN STOCK EXCHANGES Press Association —By Telegraph—Copyright ,SYDNEY, September 18; Trading on Die Stock Exchange to-day was along cautious lines, with an undertone of firmness. Morning Sales.—Bunk of New Sonlli Wales, £26; Australian Consolidated Industries, £1 15s 6d (contributing, 16s 9d) ; Bradford Colton, £1 18s ltd; British Tobacco, £2 8s 9d; Broken Hill Proprietary, £2 4s 3d; Drug Houses, £1 6s. Afternoon Sales.—Commercial Banking of Svdiiey, £l9 2s, Henry Jones, £2 13s 6d; Kainlos, £1 10s; Newbold, £1 ss; Wool■uorlhs, 17s 7d; Wilcox Mofilin, 6s/4d; Bc.rIci, £1 12s; Mount Morgan, 8s Id; South Broken Hill, £1 5s 3d; Oil Search, 4s sd. MELBOURNE, September 18. Consolidated Industries, £1 15s 3d; Howard Smith (ex div.), £1; Cos Bros., 7s; Drug Houses, £1 6s 3d; Emperor, 10s 6d: Lulama, £1 3s 6d. GABLE AND WIRELESS DIVIDEND ANNOUNCEMENT Press Association—By Telegraph—Copyrght LONDON, September 18. (Received September 19, at 8 a.m.) The Cable and Wireless Operating Company declared a 11, per cent, interim dividend. The holding company declared its usual half-yearly dividend of 5* per cent, on preference shares.

DUNEDIN STOCK EXCHANGE THIS MINING'S CALL LATEST QUOTATIONS

DIVIDENDS AND CALLS, The following is a. list of shares on which dividends will shortly be payable:— Electrolytic Zinc Ltd. Halfyearly, 8 per cent., pref. and ord. shares ’ - Sept. 20 N.Z. Drug—lnterim, 3 !j per cent. Sept. 20 Howard Smith Ltd.—lnterim, 2 per cent, (ord.), quarterly, 6 6 per cent, (pref.) Sept. 25 Bank of Australasia —Pinal, 7 per cent Sept. 27 Barnet Glass—Pinal, 4 per cent. prof., 41i per cent, ord Sept. 30 Cox Bros. —Ord., Is a share, pref., 8 2-5 d a share Sept. 30 General Industries Ltd.—lnterim, 31 per cent, pref , 5 per cent. ord Sept. 30 United Building (Christchurch)— Interim, per cent Sept. 30 Pelt and Textiles—Ord., final, 5 per cent..; pref half-yearly, 3 per cent Oct. 1 Woolworths (Victoria) Ltd. —31 per cent, pref Oct. 15 Woolworths Ltd (Sydney)—Halfyearly, 6 per cent (ord.) ... Oct. 15

PUBLIC TRUST OFFICE

STATEMENT FOR AUGUST Estates of the value of £886,693 were reported and accepted for administration by the Public Trustee during tho month c-f August. Tho new business for the five mouths ended August 31 was £3,212.099 Grants of administration made by the court in favour of the Public Trustee numbered 189 for the month. During the month 726 new wills appointing the Public Trustee executor were prepared on behalf of testators and lodged for safe cjislody, and 472 existing wills were revised to provide for changes desired.’ by testators.

Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVERNMENT LOANS3 p.c. Bonds, 1939-41 99 10 0 — 3 p.c. Stock, 1939-41 99 10 0 — 3i'r p.c. Bonds, 19b3-bY IUU 0 0 — 34 p.c. Stock, 1953-57 100 0 0 3j p.c. Stock, Nov. 15. 1941 100 0 0 — 4 n.c. Stock, March, 1940-43 101 0 0 4 p.c. Bonds, 1943-46 102 2 6 — 4 p.c. Stock, 1943-46 102 2 6 — 4 p.c. Bonds, Nov. 30, 1948 104 5 0 — t p.c. Stock, Nov. 30, 1948 104 5 0 — 4 p.c. Stock, Nov., 1949-52 106 10 0 — 4 p.c. Bonds, 1952-55 106 10 0 - 4 n.c. Stock. 1952-55 106 10 0 107 10 0 4 p.c. Bonds, 1954-58 107 5 0 — 4 p.c. Stock, 1954r58 107 5 0 —

BANKING— New Zealand (£1) ... 2 2 3 2 2 9 New Zealand, Long “ D ” (£1) 1 8 0 1 10 0 E.S. and A. (£3) ... 4 15 0 National of New Zealand (£2 10s) . 1 19 0 __ Union of Australia Ltd. (£5) 7 2 0 INSURANCE— Na( ional (7s) 0 18 6 Standard (£1) 2 17 6 — SHIPPING— U.S.S. Co. (prof., £1) 1 6 0 — MEAT PRESERVING — Canterbury (prof., £3) ...' 6 10 0 N.Z. Refrigerating (paid, £1) 1 0 0 —r N.Z. Refrigerating (cont., 10s) 0 9 4 0 9 8 Southland Frozen (paid. £1) 1 15 3 Southland Frozen (nref., £1) 1 15 6 South Otago Freezing (£5) 5 4 0 5.15 0 LOAN AND AGENCY— National Mortgage (“ U ” IsSUfW £1) ... 1 0 0 N.Z. Guarantee Corporation (3s) Perpetual Trustees Q8s) - ... _ 0 3 7 2 10 0 _ Trustees, Executors, and Agency (£3) 4 5 0 Wright, Stephenson (ord., £1) 1 0 3 Wright, Stephenson (prof., £1) 0 19 9 — COAL— Kaitangala 1 11 6 Westport 1 2 6 Westport-Slocktou (pref.) 0 5 0 — OIL— Taranaki (£1 4s 7d) 0 7i 6 WOOLLEN COMPANIES Bond’s Hosiery . (£1) 1 7 0 Bruce (ord., £1) 0 18 2 Kaiapoi (cont., 7s) 0 5 0 0 5 6 Kaiapoi (pref.. 17s) 0 17 0 Mosgiel (£4) ■ 10 7 6 - MISCELLANEOUS— Australian Consol. Ind. (£1) 1 14 0 Australian Iron and Steel (pref., £1) 1 6 0 Broken Hill Proprietary (£1) 2 5 0 Chas. Begg and Co. 1 1 0 1 3 6 Crystal Ice Co. (£1) 2 0 0 D.I.C. (pref., £1) ... Dominion Fertiliser (£1) 1 3 6 1 4 6 1 7 0 Donaghy’s Rope and Twine (£1) 2 14 0 2 14 9 U. J. Uoles 3 6 0 3 10 0 Kauri Timber (£1 5s) 1 4 0 Mncdulfs Ltd. (ord., £1) ' 0 10 0 McKenzies .Dept. Stores (£1) 2 1 0 M’Leod Bros. Ltd. (£10) 26 0 0 National Electric (£1) 0 17 6 N.Z. Drug Co, (£2) 3 15 6 N.Z. Drug (Rights) N.Z. Farmers’ Fertiliser (£1) 1 6 6 1 7 0 1 0 6 1 Otago Dady Times ’ (£1) 1 19 0 Southland Ice Cream 1 2 6 Wilsons (N.Z.) Cement (10s) « ' _ 0 19 9 Woolworths (Sydney, ord., 5s, ex div.) 0 18 0 0 18 9 breweRiesNew Zealand (£1) ... 1 15 n Dunedin — 1 5 0 Carlton (£1) 3 2 6 — OVERSEAS MINING— Broken Hill South (5s) 1 5 0 Electro. Zinc (ord., £1) 2 11 0 Emperor Mines, Eiji (10s) 0 11 0 _ Mount Lyell (£1) ... — 1 8 6 Mount Morgan (2s 6d) 0 7 11 _ North Broken Hill (5s) 1 16 0 ... Wellington Alluvials — 0 4 6 N.Z, MINING— Austral N.Z. (£1) ... 1 2 6 Big River (Is) 0 0 6 0 0 7 Clutha River (2s) ... 0 1 0 — Gillespie’s (Is) 0 0 5 0 0 6 Martha (5s) 0 7 0 — Mossy Creek (Is) ... 0 1 0 — Nokomai (5s) 0 1 0 — Okarito (5s) 0 0 7 — Sandhills (Is) Waitahu (5s) — 0 0 1 0 0 7 0 0 9