COMMERCIAL NEWS

Nelson Evening Mail, Volume LXX, 14 September 1936, Page 10

COMMERCIAL NEWS

sE2 m STOCK AND SHARE MARKET

WELLINGTON STOCK EXCHANGE SATURDAY, SEPTEMBER. 12, 1936.

D. R. Edwards (F. and D. Edwards Ltd.), Sharebroker, Country Member of Wellington Stock Exchange, Trafalgar street. Telephone 208. F. G. Twiss, Sharebroker, Country Member of Wellington' Stock Exchange, 100 Trafalgar street. Telephone 427. BRITISH UNDERWRITERS (NELSON) LTD. SHAREBROKERS AND COMPANY ORGANISERS , Fell and Harley’s Buildings, Telephone 939. Hardy Street. Associate Companies in Christchurch, Dunedin, Tiraaru rnd Invercargill, DAIRY PRODUCE The market for New Zealand butter in London is quiet, with wholesale quotations 5s a cwt below those lor last week, according to the weekly cabled report received on Saturday by the Dairy Hoard. The same message states that autumn production on tne Continent is good, and that reports oi higher gradings oi New Zealand and Australian butters are inilueiicing buyers. There are practically no shipments to America owing to uncertainty as to the imposition oi dumping duty. New Zealand butter is still selling retail at Is 2d a lb, and Danish at Is del. The cheese market is also quiet, with prices down about Is a cwt, wholesale. Canadian production continues to be in excess of last year, but production in the United Kingdom is now decreasing. Consumption is steady. Wholesale quotations for butter are: New Zealand, salted 109 s to 110 s (which equals approximately 12.96(1 a lb, f.0.b.), compared with 114 s to 115 s last week and Ills and 112 s last year, unsalted 109 s to 112 s; Australian, 109 s to 110 s; Duuish, spot, 128 s. Quotations for cheese arc: New Zealand, white 68s 6d to 69s (which equals aproximately 7.76 d a 1b,f.0.b.), compared with 69s 6d to 70s 6d last week and 54s a year ago, coloured 675; Canadian, white 70s to 725, coloured 69s to 70s; finest English farmers, 78s to 80s: English factory cheese, 62s to ■ 665. ESTIMATED ARRIVALS Arrivals of New Zealand butter and cheese in the United Kingdom for the months of September. October, and November will be 33,004 tons of butter and 15,556 tons of cheese, comparer with 25,996 tons of butter and 12,855 tons of cheese for the corresponding months of last year.

Morning Call Buyers Sellers £ 8. d. £ s. d N.Z. GOVT. LOANS4% Inscr. Stock, 15/1/1937-40 ... — 101 15 0 4% Inscr. Stock, 15/2/1943-46 ... 103 5 0 103 17 6 Inscr. Stock, 15/4/1946-49 ... — 105 17 6 4% inscr. Stock, 15/6/1952-55 ... . — 105 17 b 4% Bonds, 15/1/ 1937-40 — 101 15 0 4% Bonds, 15/2/ . 1943-46 — 103 17 b 4% Bonds, 15/4/ 1946-49 — 105 17 6 4% Bonds, 15/6 / 1952-55 — 105 17 6 5% Rural Bonds, 15/9/1947 104 0 0 — LOCAL BODIES DEBENTURESWgtn. City, 4£ p.c., 1/9/1953 106 0 0 108 0 0 'OTHER DEBENTURES— Mortgage- Corporation 97 0 0 — BANKS— Australasia * — 12 10 0 Comm. of Aust. ford.) 0 18 3 0 18 5 Comm. Banking Co., Sydney 19 0 0 19 :15 0 National of N.Z. * — 6 6 0 Nat. of A’asia (£10) .: 14 7 6 — New South Wales — 33 0 0 New Zealand ... 1 19 4 1 19 6

Union of A list. ... — FINANCIAL— Abraham & Williams 9 11 0 (pref.) — 4 10 0 Dalgety and Co. ... — Goldsdrough, iMort, 9 10 0 & Co 1 13 11 N.Z. Guarantee 1 14 1 Corp. i — N.Z. Invest. Molt. & 0 5 9 Dep, — YVgtn. Invest. T. 0 9 3 A ;. — 0 9 9 vVgtn. Trust Loan 5 8 New bod King 0 (prof.) 0 7 Wright, Stephenson 3 (old.) — GAS— 0 19 9 Wellington (ord.) ... 1 17 i NSURANCE— 6 1 18 4 National of N.Z. ... 0 18 1 0 18 6 New Zealand 3 2 3 3 3 6 South' British ' — MEAT PRESERVING— 4 9 6 Gear Meat — TRANSPORT— iluddart Parker 0 18 6 (pref.) * 1 7 3 — Union Steam (pref.) 1 6 WOOLLEN— "Bond’s Hosiery 4 Mills — 0 19 1 Wellington (ord.) ... — 6 7 6 Wellington (pref.) — TIMBER— 6 7 0 Bartholomew 0 17 0 1 2 6 Leyiand-O’Brien ... 1- 1 6 1 3 0 National — 0 14 6 Ynringaniutu 0 11 Tali no Totara 6 (ord.) — breweries— 0 10 6 Staples and Co. ... — 9 1 16 0 "Tooth and To. ... 2 15 — Tui 2 10 MISCELLANEOUS— 0 8 Anthony Hordern — 0 18 Aust. Glass 4 13 British Tobacco 0 4 13 6 (Aust.) * 2 2 0 2 2 8 Broken Hill Pty. 3 17 Broken Hill Pty. 0 3 17 9 (coutrib.) •••••;••' 2 16 Claude Neon Lights 0 2 16 9 (N.Z.) — Claude Neon (Syd2 1 0 ney) — Colonial Sugar ... 42 15 Consol. Brick and 0 2 11 43 2 9 6 Pipe —■ Dental and Medical 0 9 9 Supply — 0 0 11 0 Dominion Fertiliser 1 4 1 4 11 Dunlop - Perdriau * 0 18 Electro. Zinc. 0 0 18 4 (ord.) t — 2 1 6

Electro. Zinc (8 p.c. part pref.) ...t 2 3 0 2 3 6 General Industries — 019 b G. J. Coles Howard Smith 4 0 3 4 1 0 (o«l.) :....* 0 18 11 — 9 Hume Pipe * 1 19 9 0 19 N.Z. Newspapers ... 2 2 6 N.Z. Paper Mills ... 1 6 0 — Procera Bread (ord.) Procera Bread (ven- — 1 TO 1 10 6 der) — 6 Taranaki 'Oil Woolwortlis (N.Z.) 0 10 0 1 0 5 b (ord.) — 6 ’National Electric ... 0 12 9 0 13 b Cash Orders (ord.) — 1 8 0 MINING— Argo * 0 1 9 Big River Brian Boru ■ 0 2 1 — 0 0 4 Gillespie’s Beach* — 0 1 9 King Solomon 0 1 4 Mossy Creek 0 1 74 0 1 9 AUSTRALIAN— (Mount Lvell 1 8 11 1 9 1 Mount Morgan ... 0 13 0 0 13 3 UNOFFICIAL LIST Buyers. Sellers. & s. d. £ s. d. Woolwortlis, Ltd. 5 8 6, 5 10 0 G. and A Odlin (ord.) 0 17 6 Metiers (N.Z.), Ltd. AlaedulTs, Ltd. 1 1 0 1 8 0 0 12 6 0 0 Seli'ridgcs (old issue) 1 2 1 10 *Cum div. tEx div.