Commerce, Mining, Finance

Evening Star, Issue 24005, 2 October 1941, Page 2

Commerce, Mining, Finance

SHARE MARKET BRIGHTER NATIONAL MORTGAGES FIRMER A more extensive inquiry and some share appreciations combined to make the market a little brighter this morning. The improvement was coniiued to no one section, but bids for National Mortgages rose by Is 6d for the £2 issue, while the “ B’s ” were up 6d. Loan and Agencies were asked for at £36. Government loans had a general unsupplied demand at late rates, except for the 1952-55 issue, which stood at £lO6 10s Payers. Bank of Now Zealands charged hands in Mio room at £2, after which they were sought at about the same figure. After the call they were turned over again. National and Standard Insurances wore firmer, the margin in quotes for the former being close. They wore sold yesterday at 19s 9d. Auckland Gas were inquired for at 7s 3d. Dominion Rubbers were offered at an unchanged figure, and bids rose a little; the-same was the case with Farmers’ Fertilisers. Buyers of New Zealand Breweries raised their limit to £1 16s, but there was no response, Australian mining recorded some rises, and Lyclls and North Broken Hills were offered SALES REPORTED. —Yesterday.— 1 4 p.c. Stock, 1946-49, £lO5. War Loan, 1953,' £B7 7s 6d, £B7 10s. National Insurance, 19s 9d. Dominion Rubber, 18s. Wilsons Cement, 19s 6d. —This Morning.— Gear Meat (late), 15s li-d. War Loan, 1953, £B7 10s. N.Z. Refrigerating (cont,), 9s. —On ’Change.— Bank of New Zealand, £2. Bank of New Zealand (after call), £2..

SYDNEY STOCK EXCHANGE Press Association—By Telegraph—Copyright SYDNEY, Oct. 1. The share market was generally steady, without any notable feature. Morning "Sales.—Tooths, £2 14s; Austral Gas (A), £5; Australasian Paper, £1 17s 3d; Bonds Industries, £1 8s; British Tobacco, £2 6s 6d; Cash Orders, 16s 3d. Afternoon Sales. —Bank of New South Wales, £26 ss; Commercial Banking of Sydney, £l7 15s; National Bank, £lO (paid), £ll 15s; Howard Smith, £1 2s 4d; Coles, £5 4s; Consolidated Industries, £2 8s Id; Lustre, £1 2s 9d; United Provisions, 9s 6d; Henry Jones, £2 9s 9d; Newbold, £1 ss; North Broken Hill, £2 4s; Souths, £1 8s; Electrolytic Zinc (pref.), £2 14s 7d.

CANTERBURY STOCK PRICES SHOW LITTLE CHANGE (P.A.) CHRISTCHURCH, October 1. At tho Addington market to-day there were heavier yardings in most sections, but prices were little affected. Store Sheep.—The entry was about the same as iast week, and bidding was not so 'brisk, ■ but coarse-woolled ewe hoggets and ewes with lambs practically maintained the rates of a week ago. Up to 32s was paid for good, open-wo'olled hoggets, but a better lino of Corriedalcs was , passed at 9d more. 'Shorn wether hoggets made to 21s 8d and ewes and lambs (all counted) to 16s 9d. Fat Sheep.—An entry of about 5,250, as against 3,250 last week. Wethers from the south were included, and values for all classes were down by Is a head. Good wethers made from 34s to 375; tops, to 41a 4d; and medium-weight prime, 29s to 325, Good ewes commanded from 25s to 295; tops, to 345; prime medium-weight, 22s to 25s 6d; and ordinary, 18s to 225. Fat Cattle. —An offering of 575, as against 404 last week, including prime quality entries from Banks Peninsula and the West Coast, and several truck lots from these sources averaged from £l9 to £22 for specially prime sorts. Good cattle made from £l7 to £2l; tops, to £25 12= 6d; prime medium-weight, £l4 10s to £l7 10s; and inferior down to £ll. Best heifers sold to £ls 7s 6d and cows to £l4 10s; medium to good, £lO 10s to £l3 5s for heifers and £9 10s to £l2 15s for cows. Good beef sold from 44s 6d to 47s 6d per 1001 b; tops, to 48s 6d; medium quality and heavy, 41s to 445; and inferior, down to 31s. Fat Pigs.—Bacon was 3s to 4s per head easier and pork slightly cheaper. Porkers made from £2 9s 6d to £3 6s 6d; average price per lb, to 9id. Baconers made from £3 9s 6d to £5 4s 6d; average per lb, 4d to Bd. SALES ON ’CHANGE: THIS DAY. Christchurch. Government 1940-49 Stock, £lO4 10s (2); Government 195255 Stock, £lO6 10s; Springs Ellesmere 3J per cent. (I 960), £IOO 10s; Bank of New Zealand, 40s 3d (2). Reported; Woolworths (South Africa), 17s; Snowy River, 7s. Wellington.—Reported: Bank of New Zealand (ord.), 40s; Gear Meat, 15s; Oamaru Wool, 245, 23s 4d; Timaru Wool, ISs: Macduffs (prof.), 20s Gd; Farmers’ Fertiliser (ord.), 20s Cd. Auckland.—Morning call:, Auckland Gas, 7s Gd; Mort’s Dock, 20s; Woolworths (New Zealand), 14s 3d; Woolworths Holdings (South Africa), IGs 9d; New Zealand Stock, 1953-57, £lOl 15s; New Zealand Farmers’ Co-opera-tive, 1950, £B6 ss. Noon call; Bank of New Zealand, 40s; Held Rubber, 27s 3d, 27s Gd.

DUNEDIN STOCK EXCHANGE LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVERNMENT LOANS—--3i p.c. Bonds, 1953-57 101 10 0 34 p.c. Stock. 1953-57 101 10 0 4 p.c. Bonds, 1943-46 101 0 0 4 p.c. Stock, 1943-46 101 0 0 4 p.c. Bonds, 1946-49 -104 15 0 4 p.c. Stock, 1946-49 104 15 0 4 p.c. Bonds, 1952-55 106 10 0 4 p.c. Stock. 1952-55 106 10 0 War Loan, 1953 ... 87 7 6

BANKING — Now Zealand (£1) ... 1 19 11 2 0 5 New Zealand (Long “D”) — 1 11 9 Commercial (10s) 0 15 0 — National of N.Z. ... — 1 19 6 Union 7 5 0 — INSURANCE-^-National (7s) 0 19 10 1 0 2 Standard (£1) 0 1 6 — SHIPPING - Huddart, Parker (ord.) — 2 6 0 P. and 0. Slock 1 10 0 — U.S.S. Co. (pref.) ... i 6 0 — MEAT PRESERVING— Canterbury (ord.) ... u 5 0 — Canterbury (pref.) ... N.Z. Refrig, (paid) ... 7 1 0 0 0 0 — N.Z. Refng. (cont.) 0 8 10 — Southland (paid) 1 12 0 —■ 0 South Otago 5 7 6 5 15 LOAN AND AGENCY— Nat. Mortgage (£2) 1 16 6 — Nat. Mortgage (B) ... 1 2 0 — Loan and Mercantile 36 0 0 —• Perpetual Trustees ... 2 10 6 — Trustees Executors ... 4 5 0 —• W.S. and Co. (pref.) 0 19 0 — GAS, COAL, AND OIL— Auckland Gas 0 7 3 — Kaitangata 1 12 3 1 14 0 Westport ... 1 4 3 — Stockton (ord.) 0 2 5 0 2 8 Stockton (pref.) 0 6 6 0 7 3 WOOLLEN COMPANIES Bond’s Hosiery 1 8 0 — Bruco (ord.) 1 3 6 — Bruce (pref.) 1 1 6 — Kaiapoi (pref.) 0 17 3 — Timaru (£1) 0 16 6 — MISCELLANEOUS— ■ Broken Hill — 2 3 3 Chas. Begg 0 19 0 —• D.I.C (pref.) 1 4 3 — Dom. Fort. (£1) ... 1 3 3 —• 0 Doni. Rubber (£1) ... 0 17 0 1 0 Donaghys (new issue) 1 11 0 — G. J. Coles 3 3 0 — I.C.I. (pref., £1) ■ ... 1 4 6 —• Kauri Timber ... ... 1 3 0 — Macduffs (ord.) — 0 9 4 Macduffs (pref.) — 1 0 0 Mdburn Lime 1 17 3' — M’Kenzies 2 1 6 2 3 0 Donaghys Rope National Electric 2 1 6 3 0 0 1 5 0 N.Z. Drug Co. (£2) ... 3 18 0 — Drug (new issue) Farmers’ Fert. (£1) ... 2 9 6 — 1 0 0 1 1 0 Paper Mills 1 12 9 — <•' Otago Daily Times ' 1 18 0 — ‘ Regent Theatre — 0 19 0 Smith and Smith 0 19 0 — Wilsons Cement 0 19 3 — Woolworths (N.Z.), ord. ... ... — 0 14 6 ' Woolworths Props. ... 1 5 9 BREWERIES:Newv.Zealahd ... ... 1 16 0 ; — Dominion ' — 1 11 0 OVERSEAS MINING— Broken Hill South ... 1 7 6 — Electro. Zinc (ord.) ... 2 13 0 — Electro. Zinc (pref.) 2 15 0 — Mount Lyell 1 8 0 1 8 6 Mount Morgan (2s 6d) 0 9 2 —: 9 North Broken Hill ... 2 3 3 2 4 N.Z. MINING— Big River _ 0 0; 9 Gillespies 0 — 0 0 Okarito (5s) 1 2 — Waihi Investments ... 0 4 0 — UNLISTED STOCKSAll stocks in this section are not quoted on tho official list, and transactions are subject to a different rate of brokers gc Mackintosh Caley Phoenix (£1) 0 14 9 0 17 0 National Tobacco ... 1 11 9. — Otago and Southland' Finance (cont.) ... 0 1 8 — Otago and Southland Finance (17s 6d paid) 0 7 0. —« Otago and Southland Finance (pref.) 0 18 0 — Otago Investment Trust 0 0 6 — Snowhite Laundries ... 0 11 6 —