STOCK AND SHARE MARKET

Nelson Evening Mail, Volume LXVI, 18 February 1935, Page 10

STOCK AND SHARE MARKET

WELLINGTON STOCK EXCHANGE j SATURDAY, 16th FEBRUARY, 1935 Morning Call Buyers. Sellers.

ReportecTSales, This Day.—s per cent. Rural Bonds (1947), £lO5 ss; Staples and Co., 31s 6d. Sales on ’Change.—Commercial Bank, 16s sd.

Late Reported Sales, Yesterday.— Dunlop-Perdriau Rubber, 18s Bd, 18s 9|d, 18s 9d; King Solomon Mines, 4s; New Zealand Refrigerating (£1), 19s 7d. *Cum div. ,+Ex int. UNOFFICIAL LIST

Late Sales Repoi-ted.—Argo Gold, Is 6d; Woolworths, Ltd., 92s 6d, 93s 9d, 945, ’ D. R. Edwards (F. & D. Edwards, Ltd.), Sharebroker, Country Member of Wellington Stock Exchange, Trafalgar street. Telephone 208. Muir Dee, Sharebroker, Country Member of Wellington Stock Exchange, 63 Hardy street, Nelson. Telephone 1244 F. G. Twiss, Sharebroker, Country Member of Wellington Stock Exchange, 100 Trafalgar street. Telephone 427. CHRISTCHURCH STOCK EXCHANGE ITEMS FROM FRIDAY’S QUOTATIONS

SHARE MARKET (By Telegraph—Presß Association! AUCKLAND, 16tli February. Sales—Talisman, 9s 6d; Commercial Bank, 16s sd; Dominion Breweries, 17s; Bank mortgage, 325; Wilson’s Cement, 345; Waihi, 39s 6d; Bank of New Zealand, 49s 9d; Woolworths, Ltd., 93s 6d. CHRISTCHURCH, 16th February,. Sales. —Commercial Bank of Australia, 16s 4d; N.Z. Refrigerating (£1 paid), 19s 7d; Sun Newspapers, 4s Id; Bell-Kilgour, fd; Big River, 2s 3d; Maori Gully, Is 4d; Mahakipawa, lOd; Mahakipawa (pref. 1 1930 issue, Is 3d; Worksop Extended, 2s 9d (4). Reported sales—Timaru Brewery (7s 6d paid), 8s 8d; New Zealand Insurance, 67s 9d; Milburn Lime. 435. DUNEDIN,, 16th February. Sale Reported.—Bank of New Zealand, long term D, £1 12s. Sales on ’Change.—Dominion Fertiliser Debentures, £105; Bell-Kilgoui’, id.

AUSTRALIAN STOCK EXCHANGES

(Onited Press Association— By Electric Telegraph—Copyright)

SYDNEY, 15tli February. On the Sydney Stock Exchange to-day prices continued to ease. Leading industrials, including Broken Hill Proprietary and Colonial Sugar, slackened. Sales: Colonial Sugar, £4l 10s; Bank of New South Wales. £3O 10s; Commercial Banking Co. of Sydney, £l6 ss; National Bank of Australasia, £5 paid, £6 8s; Union Bank, £8 12s 6d; Associated News, 22s 9d, and pref,,- 23s 4£d; Howard Smith, 16s 3d; Huddart, Parker, 38s 6d; Australian Gas, A. £7 18s; British Tobacco, 38s 9d; Tooth’s Brewery, 48s 6d ; Toohey’s, 29s 3d; Carlton' Brewery, 55s 3d; Australian Glass, 61s; Dunlop-Perdriau Rubber, 18s 9d; Goldsbrough Mort., 28s 6d; Winchcombe, Carson, 26s 6d; Fairymead Sugar, 375; Electrolytic Zinc, 21s 10gd; David Jones, 40s; Anothony Hordern, 18s; Lustre Hosiery, 26s 9d; Standard Cement, 19s 4|d; Drug Houses of Australia, 24s 10|d; Australian Iron and Steel, pref., 22s Broken Hill Proprietary, 51s 9d; Bulolo Deposits, lid; Placer Development, £2B ss; General Industries, 14s 6d. MELBOURNE, 15th February. Sales on the Melbourne Stock Exchange to-day included Commercial Bank of Australia. 16s 9d, and pref., £9 19s; National Bank of Australasia, £5 paid), £6 8s; Goldsbrough Mort., 28s 3d; Australian Glass, pref., 435; Australian Iron and Steel, pref., 22s 9d; Broken Hill Proprietary, 525; Dun-lop-Perdriau Rubber. 18s 8d; Howard, Smith, 16s 6d; Mt. Lyell, 17s lOd; Electrolytic Zinc, 22s 2d; Tongkah Compound, 22s 3d. WHEAT MARKETS LONDON, 14th February. . Wheat cargoes are steadier and in better demand. Parcels are steady but trading is quiet. Futures. —London, February. 19s lCd per quarterj April, 19s 9i,d; June, 20s 6d. Liverpool: March 4s 8d per cental ; May, 3s llgd; July, 5s lgd. Spot trade is slow and with easier tendency. Australian, ex ship, 24s 6d to 25s 9d. Flour is quietly steady. Australian ex store, 18s 6d to 19s. Oats, peas and beans are quiet.

AUSTRALIAN PRODUCE PRICES MELBOURNE, 15th February. Wheat, Is ll£d to Is per bushel; flour, £7 15s per ton; bran, £4 15s; pollard, £5; oats, 2s 5d to 2s per bushel; barley, English, 2s lOd to 3s; maize, 3s 6d. Potatoes,, £ll 10s to £l2 10s per ton; onions, £8 10s to £8 12s 6d. SYDNEY, 14th February. Wheat.—New season’s on country sidings, bagged 2s 4d a bushel, bulk 2s 3jd, equal to 2s lid to 2s lli,d ex trucks Sydney. Old grain ex trucks Sydney, 2s 9d. Flour, £lO 7s 6d a ton; bran, £4 10s a ton; pollard, £5 a ton. Potatoes.—Tasmanian, £ll to £l3 a ton; Victorian, £ll. Onions: Victorian Brown, £ll a ton; white, £lO 10s. Maize, yellow, 3s 4d a bushel. ADELAIDE, 14th February. Wheat.—Growers’ lots, new season’s, 2s 9d a bushel; old crop, 2s 6J,d. Flour, bakers’ lots, £lO 12s 6d a ton; bran, £5 a ton; pollard, £5 2s 6d a ton; oats, Algerian, Is lOd to Is lid a bushel; barley, 2s 7d to 2s 8d a bushel.

PRICES OF METALS LONDON, 14th February. The National Mortgage Agency of New Zealand, Ltd. after contributing £6255 to staff superannuation provident, fund, shows a credit balance of £37,371, of which ...14,986 is brought in. A final dividend of 5 per cent., tax free, is declared and there is placed to reserve £SOOO and carried forward £15,292. WOOL SEASON Messrs Dalgety and Company, Limited. Wellington, report:— Now that the season is drawing to a close with only two more sales to go in Wellington in March and April, combined with other sales throughout the Island, it is quite evident that the offerings of wool in the Dominion this year are going to show a sharp decrease as compared with the safes in tne 1933-34 season. The total sales in the Dominion for the 1933-34 season were 650,688 bales and from an estimate that_ we have made for the remainder of this selling year it looks as if the total sales in the Dominion for the 1934-35 year will not amount to more than about 525,000 bales, leaving an estimated shortage as compared with lasi, year of 125,000 bales. The estimated carry-over for the 1932-33 season was 147,000 bales, and in 1933-34 62,000 bides. A' large portion of the. carryover was, during the winter months, shipped to London, the sale of such wools generally being most disappointing. We know that there is still a heavy weight of wool to come forward to brokers’ stores, a number of growers

having withheld from forwarding their clips in the hope that the market would show some improvement before the end of the selling season. From present indications it does not appear as if we can look for any decided appreciation in values in the near future, and until Germany and other Continental Powers can rearrange their finances for the purpose of establishing credits for the purchase of the raw material, the market will remain without much change. Throughout the selling year we have sadly missed German competition. Last year, as we previously pointed out. this country purchased in the Dominion 143,000 bales, and taking her average buying to date it certainly would not seem as if Germany will purchase more than about 18,0130 bales in New Zealand this season. France’s purchases will also be vastly lower, and both Italy and Belgium will show smaller purchases. Canada and Japan have been valued clients, and their’purchases during 1934-35 should be about on a par with last season. Fair support has come from Australia for certain types of wool, but even that country’s purchases will be less than last year.

Dominion mills have been very active, no doubt recognising that with the lower prices at present ruling it is an opportune time to increase their stocks even to the extent of purchasing more than their yearly requirements. Bradford has been the mainstay of our auctions in the North Island, and from Januai’y to date their buyers have been active and have lifted a heavy quantity of crossbreds. Certainly there is still a heavy weight of wool to be marketed in the North Island, but as previously mentioned it now seems a certainty that the Dominion offerings this year will show a sharp decrease as compared with the 1933-34 year.

£ s. d. £ s. d. N.Z. Govt. Loans— 4% Bonds, 15/2/ 1943-46+ 4% Bonds, 15/4/ 104 10 0 - 107 0 0 1946-49 4% Bonds, 15/6/ 109 5 0 1952-55 — 5% Rural Bonds, 0 15/9/1947 — 10b U 31% In. Stk. 15/5/ 1939-49-52 3i% In. Stk. 15/5/ 106 15 0 - 106 15 0 1938-49-52 — 4% In. Stk. 15/1/ 1937-40 102 15 0 4% In. Stk. 15/2/ 1943-46+ 4% In. Stk. 15/4/ 104 15 0 — 107 0 0 1946-49 — 4% In. Stk. 15/6/ 109 10 0 1952-55 — Local Body Debentures— Napier Boro. 4£% 0 1/4/1958 — 1U5 15 Other Debentures — Wright, Stephenson 99 0 0 F>o/ q Gish. Sheep Farm. Amalg. Brick and 102 10 0 . 0 Pipe, Wellington — ■ 102 U N.Z. Farm. Co-op. 85 0 0 4i% 1940 Banks— Australasia Comm, of Aust. . — 11 11 0 16 0 (ord ) . 6 Comm.’ Bankg. Co. 16 10 0 Sydney — National of N.Z. ... — 3 11 6 Nat. Austlsa. (£5) — 0 6 9 0 New Zealand 2 9 2 9 10 N.Z. D Long Term — 1 12 2 Union of Aust. ... Financial— Goldsbrough, MoTt. 1 8 0 8 18 1 8 0 and Co. National Mortgage b “A”* — 3 1 0 N.Z. Guaran. Corp. 0 5 10 — Wn. Invst. T. & A. — 0 10 b Wgtn, Trust Loan 5 9 0 — Gas— Auckland 1 7 3 Gisborne — 0 0 12 3 Wellington (pref.) 1 5 — Insurance— Queensland 3 0 0 South British Meat Preserving— 4 17 0 Gear Meat 1 1 10' 0 19 N.Z. Rfg. (£1) ... — 8 N.Z. Rfg. (10s) ... Transport— Huddart Parker 0 9 7 ord.)* 1 17 0 1 18 3 Woollen— Wellington (ord.) . 5 15 0 Wellington (pref.) Coal— 5 15 0 — Westport 1 1 9 1 2 3 Timber— Bartholomew 0 14 9 Kauri 0 19 3 1 0 0 National Breweries— — 0 15 6 N.Z. Breweries ... — 2 10 10 Tooth and Co 2 8 0 2 8 6 Tooheys . Miscellaneous — — 1 9 6 Australian Glass ... — 3 3 0 Broken Hill Pty. .. — 2 12 6 Colonial Sugar Consold, Brick and ’ 41 10 V Pipe Dental and Medical — 0 10 0 Supply 0 10 3 — D.I.C. (paid) (ord.) 0 13 0 — D.I.C. (contrib.) ... 0 10 6 0 13 3 D.I.C. (pref.) Dunlop-Perdriau ... 0 18 6 1 6 0 18 9 .9 Electro, Zinc (8% part pref.)* Hy. Jones Co-op. 1 13 9 1 17 6 Howd. Smith (ord.) — 0 16 3 Mount Lyell 0 17 6 0 18 0 N.Z. Newspapers . — 1 15 3 N.Z. Paper Mills . Prestige (New Zea1 13 6 1 15 6 land) (pref.) 1 0 6 1 3 b Wellington Cordage Wilson’s (New Zea0 11 0 land) Cement .... — 1 14 9 Woolworths (N.Z.] Mining— — 10 15 0 Big River 0 2 1 0 2 5 Consold. Goldfields — 0 16 6 King Solomon 0 3 10 0 4 3 Mataki 0 1 10 0 2 2

Buyers. Sellers. £ s. d. £ s. d. Woolworths, Ltd. 4 12 6 4 14 0 Woolworths (W.A.) (Ltd.) — 7 0 0 Argo Gold (Is pd.) — 0 1 W Assoc. Motorists Petrol (pref.) .... 12 6 — Wn. Perm. Bldg. Soc. “A” Shares 9 18 0 Metiers (New Zealand) Ltd. 0 5 3 — Upper Watut — 0 6 9 Procera Vendor ... — 0 13 9 Vacuum Products, 5s paid 0 6 6 N.Z. Perpetual Forests 2 3 0 2 10 0 Frozen Products .. 0 11 6 0 17 b

Buyers. Sellers. £ S. d. £ S. d. Alexander 0 15 0 0 19 0 Bell Hooper 0 0 1 Bell Kilgour 0 0 0 0 1 Bendigo Goldlights 0 0 6 0 011 Big Kiver 0 2 3 0 2 31 Brian Boru 0 0 4£ 0 0 5 Charleston 0 0 8£ Deep Lead 0 1 11 0 2 5 Gillespie’s Beach . 0 1 7 0 1 71 Glenroy 0 0 n 0 0 4 Golconda (lid pd.) 0 0 6 0 1 4 Golden Dawn — 0 2 7 Golden Point 0 0 0 0 11 Golden Sands 0 2 4 0 O rr Goldfields Dredging 0 0 8 0 6 81 Kildare 0 2 9 0 3 1 King Solomon 0 3 101 0 3 111 Maori Gully 0 1 3 0 1 4 Lawson’s Flat 0 0 2f 0 0 4 Maerewhenua 0 0 li 0 0 21 Mahnkipawa 0 0 10 0 0 101 Mahakipawa (pref.) 1929 issue 0 1 2 0 1 4 Mahakipawa (pref.) 1930 issue 0 1 5

Mining House Con. — 0 0 3 Moonlight Nelson Creek 3i 0 011 Mossy Creek 0 2 0 2 4£ Mount Lyell 0 17 7 0 17 9 Mount Morgan .... 1 19 9 2 0 2 Nevis Diesel Elect. 0 0 0 0 2i Nokomai 0 2 1 0 2 5 Okarito (cum div.) . 0 7 10 0 8 0£ Oxenbridge Shotover 0 0 2± ■ — Peninsula Tin (15s paid) • 0 19 0 13 0 Rawang f Iin (cum div.) 0 8 0 0 8 2 Sandhills Gold — 0 0 4 0 0 5? 0 0 o Stafford Sluicing . 0 0 10 0 12 Waihi 1 19 6 1 19 8 Waitahu .• — 0 2b Worksop Extended 0 2 n 0 2 10 UNLISTED STOCKS Buyers. Sellers. £ s. d. £ s. d. Argo Gold (Is pd.) 0 1 5 0 16) Ben Ledi 0 0 6 0 0 8 Barrytown (10s pd.) 1 2 0 13 6 New River — 0 0 5^Moonlight Goldfields 0 0 9 0 13 Macetown — 0 14 N.Z. Minin glnvst. — 0 0 1 U Up. Watut (2s pd.) 0 5 0 6 8