STOCK AND SHARE MARKET

Nelson Evening Mail, Volume LXVI, 22 July 1935, Page 10

STOCK AND SHARE MARKET

WELLINGTON STOCK EXCHANGE

SATURDAY, 20th JULY, 1935 Morning Call

Sales This Day.—Bank of New South Wales, £32 2s 6d; New Zealand Refrigerating (£1), 20s 9d; Anthony Hordern, 20s Id ; Dominion Rubber, 28s 9d; 4£ per cent. Christchurch Drainage Board (1961) £IOB 17s 6d. Late Reported Sales, Yesterday.— Commercial Banking Co. of Sydney, £lB 8s; Bank of Australasia, £11; National Bank of Australasia. (£10), £l2 15s ; Reserve Bank oi New Zealand, £6 9s; Union Bank*, £9 3s (2), £9 2s; Christchurch Gas*, 36s 3d ; New Zealand Refrigerating (10s), 9s lid; Manawatu Knitting, 37s 6d ; Yarra Falls, 42s 3d; British Tobacco, 39s 7kl (2); Consolidated. Brick and Pipe, 10s 7d; Dunlop-Per-driau Rubber, 16s Id; Electro Zinc (ord.) 27s 8d; New Zeal and Newspapers, 38s sd; General Industries, 20s; Mount Morgan, 375. *Cum div.

UNOFFICIAL LIST Buyers. Sellers. £ s. d. £ s. d. Woohvortlis, Ltd. 412 9 4 13. 6 Woolworths (W.A.) Ltd _ 7 5 0 Sales Reported This Day.—Woolworths, Ltd., £4 13s (3). Sales Reported, Late Yesterday.— Woohvortlis, Ltd., £4 12s 9d (2). D. It. Edwnrds (F. and D. Edwards Ltd.), Sharebroker, Country Member oi Wellington Stock Exchange, Trafalgai street. Telephone 208. F. G. Twiss, Sharebroker, Countrj Member of Wellington Stock Exchange. 100 Trafalgar street. Telephone 427. SHARE MARKET (By Telegraph—Press Association)

AUCKLAND, 20th July. Sales on ’Change.—.Renown Coal (pref.i, 2s dd , Grand Junction, 4s 11J d; I’ukemiro, 255; Golden Crown, 7s lid; Bank of New Zealand, 51s 6d; Union BanJc, £9 2s; Auckland City (1942), £lO3 15s. CIIIUSTCIIURCII, 20th July. Sales on ’Change; Commercial Bank (cum div.), 16s 9d, 16s lOd; Dalgety and Co., £8 5.5; Timaru Brewery (7s 6d paid), 9s; Electrolytic Zinc (pref., cum div.), 35s 6d (2); Big lliver, ' 2s; Goldfields Dredging, 3d; Mahakipawa, 6d ; Mount Morgan, 375. Reported sales: Christchurch Drainage Board, 4j per cent. (31st December, 1961), £IOB 10s; Anthony Hordern 20s; Big River, 2s. DUNEDIN, 20th July. Sales on ’Change: New Zealand Refrigerating (paid), £1 Is (2); New Zealand Regrigeiating (con.),' 9s lid. Reported sales: New Zealand Refrigerating (con.), 9 S lid; South British Insurance, £4 18s 3d; Bruce Woollen (ord.). 14s; British Tobacco, £1 19s 6<l; Consolidated Brick, 10s 6d (3); Mount Morgan, £1 17s (2) ; New Zealand Government, 4 per cent. .Inscribed Stock (1952-55), £ll2. AUSTRALIAN STOCK EXCHANGES BOND MARKET f»UIET ilJnited Press Association—P.v Electric Telegraph—Copyright) SYDNEY, 19th July. On the Sydney Stock Exchange to-

day loading company shares wore quiet, ami mining business was slack, bales: Bank ot Mow South Wales, £32 15s; Commercial Banking Co. of Sydney, New Zealand delivery, £lB 12s; National Bank of Australasia, £5 paid, £6 11s; Union Bank, £9 ss; Colonial Sugar, £45; Adelaide Steam, 31s 6d; Uudd.ut-Parker, 39s 9d ■ Burns, Philp, 655; Australian Gas, A, £8 3s; British Tobacco, 40s 3d; Tooths Brewery, 55s 3d; Toohovs, 3Cs 7£d; G. J. Coles, 625; .Morris lledstrom, 225; Henry Jones Coop., 37s fid; David Jones, 41s fid; Anthony .Hordern, 20s l£d; General Industries, 20s; ditto, prof., 255; Amalgamated 'Textiles, 11s 7d; John McGrath, 365; Mount Morgan, 375; Broken Hill South, 91s fid; North Broken Hill, £6 16s fid; Buloio Gold, £8 16s; Malini Nawar Tin, 18s 3d; Placer Development, £32. SYDNEY, 20th July. Sales on the Sydney Stock Exchange include: Bonds, per cent. (1948), £99 10s; 3 per cent. (1949), £99 12s 6d; 3J,per cent. (1943), £lOl 15s; 4 per cent. (1938), £193 3s 9d; 4 per cent. (1941), £lO3 17s fid; 4 per cent. (1944), £lO5 2s 6d; 4 per cent. (1957), £lO5 2s 6d ; 4 per cent.. (1957), £lO5 7s 6d; 4 per cent, (1959), £lO5 11s 3d; Commercial Banking Company of Sydney, £lB 12s; Bank of New South Wales, £32 17s 6d : Union Bank, £9 ss; Toohey’s, 30s 71d; Anthony Hordern, 20s ll,d : British Tobacco, 40s 3d; Broken Hill Proprietary, 59s 9d ; Howard Smith, 16s ; Morris lledstrom, 225, Winchcombe, 28s fid. MELBOURNE, 19th July. Stock Exchange sales to-day included: —Bank of Australasia, £ll'3s; Commercial Banking Co. of Sydney, £lB 8s; National Bank of Australasia, £5 paid, £6 11s; Goldsbrough Mort, 30s 3d; G. J. Coles, Ltd., 62s fid.

THE POTATO MARKET [By Telegraph—Press Association] CHRISTCHURCH, 19th July. Mainly because of a heavy shipment totalling 14,103 sacks taken to the North Island yesterday in the Waipiata, the potato market in Christchurch showed a slight weakening for a day, but this was the first check since the rise set in a fortnight ago. Tilery has been some demand from the north, but in the opinion of some merchants not nearly enough to justify the prices which are reported to have been offered fanners and paid to merchants among themselves. These values, they claim, are entirely fictitious, especially as there are now only two mouths of tlie season left. The market is extremely difficult to judge, because everybody interested in potatoes has a different idea of values and is able to quote instances of actual sales which range over 20s a ton from the highest to the lowest. Sales f.o.b. of Dakotas at more than £9 and of Whites at £8 10s have been reported. In the meantime, while the trade is in an almost hysterical condition over the market, farmers continue to hold oif to what they have. Only .small lots can be bought, because the farmer, having seen potatoes rise about £2 in the last two weeks, is afraid to sell now lest they go still higher. Quotations on trucks have varied. One merchant yesterday quoted £5 15s to £6 5s for Whites and £7 for Dakotas, while another quoted £6 15s to £7 for Whites and £7 to £7 5s for Dakotas. August-Septcmber quotes are up to £8 10s for Whites and £9 10s for Dakotas, f.o.b. LONDON BUTTER MARKET

The butter market in. London is firm, according to the weekly cabled report received on Saturday by the New Zealand Dairy Produce Board, and prices for New Zealand butter show no change. The cheese market is quiet with a slight drop in wholesale values. Wholesale prices for butter are: New Zealand, salted, 89s to 90s a cwt (which equals approximately 10.42 d a lb f.0.b.); unsalted, 945; Australian, 86s to 87s; Danish, spot, 102 s. Wholesale prices for cheese are :—New Zealand, white and coloured, 43s 6d to 445; Australian, 40s to 435; Canadian, 62s to 635: new season’s, 52s to 535. The board has also received the following advice from its agents in Canada; —Butter, Montreal, 20£ cents a lb; New York, 231; cents. The New Zealand Producers’ Cooperaiive Marketing Association’s weekly cabled report from London, dated 19th July, is as follows:—Butter: Market firm with more inquiry. New Zealand, 39s to 90s a cwt; Danish, 102 s. Cheese: Market quiet. New Zealand, white and coloured, 43s 6d a cwt. LONDON WOOL SALES Messrs Dalgety and Company, Limited, report under date London, 17th instant:—Wool sales continue active. As compared with opening rates of this series, greasy merino and greasy crossbred, rather higher; scoured merino, scoured halfbreds, scoured crossbreds and slipes, demand irregular and opening rates are not maintained.

B uyers. Sellers. £ s. d. i! .s. d. N.Z. Govt. Loans— 4% Hoads, 15/2/ '1943-46 109 0 0 4% Bonds, 15/6/ 1952-55 3£% Ins. Stk., 15/3/ 1950-40-43 31% Ins. Stk., 15/5/ 1930-49-52 31% ins. Stk., 15/5/ 1936-49-52 111 107 15 15 0 0 106 0 0 0 0 106 4% Ins. Stk., 15/1/ 193 MO 102 10 0 4% Ins. Stk., 15/2/ 0 '1943-46 108 10 — 4% Ins. Stk., 15/4/ 0 '1946-49 109 5 — 4% Ins. Stk.. 15/6/ '1952-55 4% Ins. Stk., 1943111 15 0 15 0 'fix — 106 Local Bodies Debentures Wgtn. City, 41%, 1/9.: 1952 111 0 0 Other Debentures— Wright Stephenson 98 0 0 — Banks — 0 11 2 0 Australasia 10 19 Comm. of Aust. 0 — 0 17 Eng., Scot. & Aust. — 5 4 6 National of N.Z. ... — 0 3 9 0 New South Wales... 32 0 32 7 6 New Zealand 2 11 0 -2 11 9 N.Z. Reserve Bank 6 8 9 9 — 0 Union of Aust.* ... Financial — 9 0 0 2 Abraham Williams 0 2 14 — Abraham & Williams 3 16 0 — Goldsbrough, Mort. 1 9 9 — National Mortgage 2 11 9 2 15 0 N.Z. Guar. Corp. — 0 6 0 Wgtn. Invest. T. & A 0 10 0 Gas— 10 2 0 Wellington (ord.)* 2 0 2 6 0 — 6 Meat Preserving — — 1 i 6 KZ. Refrig. (10s)... 0 9 9 0 10 0 3 15 6 3 lb 6 Woollen — 0 16 0 0 16 6 Kaiapoi (prof.) Kaiapoi (contrib.)... — 1 0 0 — 0 6 3 — 1 18 u) 1 18 0 Wellington (ord.) ... — 6 12 0 Wellington (prof.) — 6 12 0 Coal — 1 1 10 Westport-Stockton 0 1 3 — Timber — 1 1 9 1 2 6 Leylaikl-O’Brien ... 1 1 1 — Taupo Totnra 0 7 4 O — 10 Taupo Totara (prof. 0 — 19 Taringamnlu Breweries— 5 6 N.Z. Breweries 2 13 0 2 13 6 Staples and Co.* ... — 0 1 16 0 Tooth and Co. 2 14 — Miscellaneous — Anthony Hordern... 0 19 11 1 0 1 Brit. Tobac. Aust. 1 19 7 2 0 b Broken Hill Pty.... 2 19 0 2 19 6 Colonial Sugar 44 0 0 — Consol. Brick, Pipe 0 10 7 0 10 9 Dunlop-Perdriau ... 0 15 9 0 16 2 Electro. Zinc (ord.) 1 1 7 6 1 8 6 Henry Jones Co-op. — 1 17 6 How. Smith (ord.) — O 16 6 Moturoa Oil — 0 2 2 4 4 0 Sharland and Co. (ord A — 1 6 3 Wilson’s N.Z. Com. 1 18 4 1 18 11 Woolworths (N.Z.) Ltd. 2nd pref.)... — 1 8 3 Rational Electric ... 0 11 6 — Mining— 0 1 9 0 3 6 King Solomon 0 3 8 0 4 O Mossy Creek 0 2 4 — 0 5 6 0 6 0 0 0 2 1 18 2 Waihi Grand June. 0 3 10 Australian — Mount T.yell 0 19 9 1 0 6 Mount Morgan 1 16 9 1 17 3 Laloma — 2 4 0