COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 1 May 1937, Page 16

COMMERCIAL NEWS

STOCK AND SHARE MARKET WELLINGTON STOCK EXCHANGE FRIDAY, 30th APRIL, 1937.

UNOFFICIAL LIST

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.

LONDON WOOL SALES Messrs Dalgety and Co. Ltd. report under date London 27th April: The wool sales opened, rather poor selection, large attendance, good general competition. As compared with closing rates of last series: Greasy merino par to Id higher, scoured merino Id to 2d higher, greasy half bred Jd to Id higher, scoured halfbred Id to lid higher, greasy fine crossbred 3d to Id higher, greasy medium and coarse crossbred Id to lid higher, scoured crossbred lid to 2d higher, slipes Id to Id higher, greasy crossbred lambs Id to lid higher.

RABBITSKINS IN STRONG DEMAND [United I’l'esa Association! DUNEDIN, 2'd-M April. Offerings at to-day’s sale of rabbitskins was slightly smaller than at the last sale owing to the rough weather experienced during the past week. Increased quantities of autumn and incoming grades were forward, with small but representative lines of early winters. There was a very strong demand for all grades, and compared with the last sale, low grades, including racks, were from Id to 3d dearer, which autumns and incomings showed a sharp advance of from 3d to 9d per lb. Early winter bucks sold to 140 d per lb, and a small lot of first winter bucks brought 160 d. The following is the range of prices:— Summer broken, 32d to 32Jd; autumn broken, 41d to 42d; second winter broken 46d to 48Jd; runners, 39Jd to 40Jd. Summers, bucks, 39d to 43d; does, 32Jd to 331 d; small, 24d to 25.1t* light racks, to 49d; prime racks, 50d to 52!d. Dawny autumn, 58d to 66d; early autumns, 72d to 77d; late autumn, 96d to IOOd. Incoming winter, 1 lid to 112 d; first early winter bucks, 139 d to 140 d; second, 125 d to 126 d; first winter does, to 93£d; milky, 321 d to 401 d; fawn, 55d to 74£d; winter fawn, to 86id; summer black, 45d to 47d; autumn black, 68d to 70d; hareskins, 301 d to 31}d. Horsehair, to 19d.

BRADFORD TOPS MARKET [United Press Association—By Electric Telegraph—Copyright] LONDON, 29th April. There is only a small amount of new business on the Bradford tops market. The immediate requirements of users have been satisfied and the topmakers are not inclined to make concessions. Quotations are: —

HEAVY FALL IN BASE METAL PRICES LONDON, 29th April. The official London (middle) quotations, as reported by the Australian Mines and Metals Association, compare with those previously cabled as follows:

Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVT. LOANS - Inscr. Stork, 15/3/1939-43 100 12 6 101 7 6 3j% Inscr. Stock, 15/9/1939-43 100 12 6 Inscr. Stock, 15/3/1941-43 100 12 6 Inscr. Stock, 15/9/1941-43 100 12 6 3j% Inscr. Stock, 15/11'1938-52 — 102 0 0 4% Inscr. Stock, 15/3/1940-43 — 101 5 0 4% Inscr. Stock, 15/4/1946-49 102 10 0 _ 4% Inscr. Stock, '15/6/1952-55 — 104 7 6 4°/, Bonds, 15/4/ '1946-49 102 10 0 59£ Rural Bonds, 15/9/1947 101 0 0 OTHER DEBENTURES— Amal. Brick, Wgtn. — 100 5 0 N.Z. Farmers’ Co-op., p.c., 1945 ... — 93 10 0 Grand Central Bldgs., 4J p.c., 1944 ... — 60 0 0 BANKS— Australasia 12 2 6 12 15 0 Comm. of Aust. (old.) — 0 19 10 Comm. Banking Co., Sydney 22 7 6 National of N.Z. — 3 4 0 Nat. of A’asia (£5) * — 7 18 6 New South Wales * 37 7 6 — New Zealand * 2 3 10 2 4 6 New Zealand (D, Long Term) * 1 6 1 Union of Aust. ... — 11 6 6 FINANCIAL— Abraham and Williams (ord.) 2 16 0 Abraham and Williams (pref.) ... — 5 0 0 Equitable Bldg. Co. 0 10 0 0 12 6 N.Z. Guarantee Corp 0 4 7 0 4 10 N.Z. Invest. Mort. and Dep * 0 10 0 0 10 7 GAS— Christchurch — 1 8 6 Gisborne — 0 10 0 Wellington (ord.) ... — 1 17 0 Feilding 0 1 3 — INSURANCE— National of N.Z.* — 0 18 0 New Zealand 3 1 0 — Queensland — 3 0 3 MEAT — Gear Meat — 0 17 3 N.Z. Refrig. (10s) 0 8 9 0 9 0 Wellington MeatExport 0 5 0 0 8 6 TRANSPORT— Huddart Parker (ord.) 1 18 6 Huddart Parker (pref.) 1 7 0 Union Steam (pref.) 1 6 6 — WOOLLENBond’s Hosiery Mills — 0 18 9 Wellington (ord.) ... 5 12 6 6 0 0 Wellington (pref.) 5 15 0 — Yarra Falls — 2 2 0 TIMBER-Leyland-O'Brien ... — 1 2 6 Rotoiti 0 4 9 0 5 6 Taringamutu 0 14 11 — Taupo Totara (ord.) — Taupo Totara (pref.) — 0 9 2 0 19 3 Taupo Totara (16s paid) (pref.) 0 15 9 BREWERIES— Carlton 3 1 6 N.Z. Breweries 2 19 6 3 0 3 Tooth and Co 2 17 6 MISCELLANEOUS— Anthony Hordern 1 0 0 Broken Hill Pty. * — 4 1 0 Burns, Philp, and Co — 3 13 6 Claude Neon Lights (N.Z.) * 1 15 0 Claude Neon (Sydney) 2 11 0 Colonial Sugar ... 45 0 0 Consol. Brick and Pipe — 0 8 6 Denhard (pref.) ... 1 0 0 Electro. Zinc (8 p.c. part pref.) Farmers’ Trading “B” pref 1 2 2 18 6 9 G. J. Coles 5 5 9 5 6 9 MacDuffs (pref.) ... 1 3 0 National Electric ... 0 13 0 N.Z. Drug — 3 15 6 Procera Bread (ord.) 1 6 0 Sbarland and Co. (ord.) * 0 18 6 Sbarland and Co. (pref.) * 0 19 Wilson’s (N.Z.) Cement 0 1 14 0 Woolworths (N.Z.), (ord.) 7 15 6 8 0 0 Woolworths, Ltd. (2nd Pref.) 1 7 6 Moturoa Oil 0 5 3 MINING— Maori Gullv — 0 0 6 Martha * 0 19 9 Mossy Creek — 0 1 1 Waibi Investments 0 12 0 0 13 6 Barrytown 1 12 0 AUSTRALIAN— Broken Hill South — 2 7 0 Mount Lvell 2 4 6 Mount Morgan ... 0 15 0 0 15 3 North Broken Hill — 3 13 0

Buyers. Sellers £ s. d. £ s. d Woohvorths, Ltd. 7 3 0 7 8 0 Woohvorths, Ltd. (rights) — 4 IS 0 Grey River (3s 9d paid) 0 4 6 John Fuller and Son Debents — 66 0 0 W. E. Woods Ltd. — 0 Id 6 N.Z. Perpetual Forests 2 7 0

Merinos Apr. Apr. Apr. Apr. Apr. 1. 8. 15, 22. 29. d. d. d. d. d. Seventies 39 40 40* 41 41 Sixty-fours . .. 37 i 38J 39 39 39 Sixties .. 36 J 37* 38 374 37* Crossbreds /

Fifty-eights 34 34 34 34 34 Fifty-sixes .. 29| 32 32 32 32 Fifties 26 27 27 27 27 Forty-sixes *234 *24J *244 *24J *244 Forties . *23 *24 ‘Nominal *24 *24 *24

April 28 April 29 Per ton. Per ton. Copper— £ s. d. £ s. d. Standard, spot GO 12 6 57 2 6 Ditto, forward 58 3 9 54 6 3 Electrolytic 62 10 0 60 10 0 to 64 10 0 62 10 0 Wire bars Lead— 64 10 0 62 10 0 Spot 25 1 3 22 8 9 Forward Spelter— 24 17 6 22 5 0 Spot 24 10 0 24 10 1 22 3 9 22 3 9 Forward Tin— Spot 256 5 0 242 17 6 Forward Silver— 252 5 0 239 17 6 Standard, per Fine oz 20 7-16d ... 22 1-16’d 20jjd 22d