COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 22 June 1937, Page 10

COMMERCIAL NEWS

STOCK AND SHARE MARKET

WELLINGTON STOCK. XCHANGE

MONDAY, 21st JUNE, 1937,

UNOFFICIAL LIST

L). K. Edwards (F. and D. Edwards, Ltd), Sharebroker, Country Member ol Wellington Stock Exchange, Trafalgar street. Telephone 208. F. G. Twiss, Sharebroker, Country Member of Wellington Stock exchange 100 Trafalgar street. Telephone 427. Vercoe, Gilbert and Boyes (N. A Vercoe, Country Member Wellington Stock Exchange). Sharebrokers, Trafalgar street, Nelson Telephone 401. P.O Box 74 Telegraphic Address" Verboy " Securities Corporation (N.Z.) Ltd., Stock Brokers and Investment Consultants. Branches throughout New Zealand, 173 Hardy-st. Tel. 1145,

dined to take offers. The undertone o 4: the market is firm, though any advance to higher levels is likely to be slow. Unprofitable production in Northern Europe has reached its peak. The margin between Danish best and Empire is nigligible. Multiple stores have advanced retail price, but consumption is always good at this time ol the year.

The Marketing Department’s advice to the Dairy Board for the week ended 19th Jane is that the London market for New Zealand butter is steady at 110 s to Ills per cwt, ail advance of Is per cwt on the week. Unsalted New Zealand is also up by 1? per cwt, and it quoted at Ills to 112 s. The Danish butter market is also described as steady at 116 s per cwt (spot price), an advance of 2s per cwt on the week. Retail prices are:—New Zealand, Is 2d per lb, an increase of Id per lb; Danish, unchanged at Is 2d per lb. Wholesale prices of other butters are as follows :—Australian, 109 s to 110 s ; Polish (salted and unsalted), 105 sto 106 s; South African, 106 s to 108 s; Dutch (unsalted), 106 s, and 109 s for extra lines; Lithuanian, uusalted, 103 s.

The New Zealand cheese market is quiet at 74s 6d for white and 73s 6d to 74s for coloured. Canadian white and coloured is quoted at 78s to 80s. South African white cheese commands 73s to 755, and coloured 725; also on a quiet market. PRICE AND DELIVERY London average progressive prices for New Zealand dairy produce, as reported by the Marketing Department for the month of May were as follows : Butter (salt), per cwt: 104 s, 106s-107s, 108s-109s, 108 s. Cheese (white), per cwt: 70s, 71s 6d--725, 73s 6d, 745-74 s 6d. Deliveries of New Zealand dairy produce for the period August to May this year, with those of last year shown in parentheses, were as follows: Butter, 88,871 tons (91,557). Cheese, 55,585 tons (58,211). SUPPLIES FOR BRITAIN British imports of butter and cheese for five months of the calendar year, to 31st May, snow a falling-off when comparison is made with imports from all quarters for the corresponding period of 1936 and 1935. The returns are as follows: — 5 mos., sinos., smos., 1937. 1936. 1935. Butter (tons) 194,299 201,460 209,708 Cheese (tons) 56,121 53,306 61,465 New Zealand and Denmark increased their supplies of butter, as did the Baltic countries, In cheese New Zealand was the principal supiier, with 43,663 tons, of a total of 56,121 tons. The Netherlands was the next largest supplier, with 4896 tens. Canada during the five mouths in review supplied but 1234 tons, or almost as much as Italy with 1262 tons. PRICES OF RAW MATERIALS LONDON, 19th June. Friday’s closing prices for the following raw materials were as follows, those for 11th June bein gshown in parentheses: Cotton: Liverpool quotation, good American middling, spot 6.92 d a lb (7.06'd); July delivery, 6.71 d a lb (6.78 d). Rubber: Para, lOld a lb (same); (plantation smoked ribbed sheet, 9 11-16 d a lb (9gd). Jute: June-July shipment, Indian jute, Dundee quotation, £l9 15s a ton (£2O 13s 9d). Copra: June-July . shipment, South Sea to London or Rotterdam, £ls 7s 6d a ton (£ls 15s); smoked, to Marseilles or Genoa, £ls 2s 6d a ton (£ls 7s 6d); plantation, Rabaul, to London or Rotterdam, £l6 lss a ton (same). Linseed oil: £3l 15s a ton (£32). Turpentine: 37s 6d a cwt. (same). FROZEN MEAT MARKET Lamb market: Tendency of market is steady and unchanged. Mutton market: Wethers firm with good demand. Ewes: Market quiet with tone .ier.

Beef market: Frozen beef, none available. Chilled beef slightly easier this week owing to heavy supplies from the Dominions.

New Zealand porker pigs ; Trade slow with slightly lower prices. New Zealand baconer pigs:' Market quiet and unchanged. The above report was received on Saturday by the Meat Board from its London office, which advises that the following are the approximate prices realised for the week, based on actual transactions of wholesale quantities of the description of meat mentioned, and are for representative parcels of the goods offering during the week, being for business done on the basis of delivered to Smithiield market and/or ex London stores. Prices for the two previous weeks are also shown: New Zealand crossbred wethers and/or maiden ewes, 481 b and under si,d (si,d, 5 3-8 d); 491 bto 561 b, 5 l-8d (5 l-Bd, sd); 571 bto 641 b, sd, 4 7-Bd, 4|-d); 651 b to 721 b, 4|d (4|d, 4 5-8 d). Ewes, 481 b and under, 4 38d (same); 491 bto 561 b, 3Jd (3 7-Bd, 3 7-8 d); 571 bto 641 b, 3 5-8 d (same); 651 b to 721 b, (same). New Zealand lambs: Canterbury, 361 b and under, 7£d (same); 371 b to 421 b, 7d (same); 431 b to 501 b, 6fd (same). Second quality, average about 311 b, (7|d, 7 l-8d). Other South Island, 361 b and under, 7jd (same) ; 371 bto 421 b, 7d (same); 431 b to 501 b, 6|d (same). North Island Downs, 361 b and under, 7 5-8 d (same); 371 b to 421 b, 7d (same); 431 b to 501 b, 6|d (same). Second quality, average about 3016, 7 5-8 d (same). North Island, first quality, 361 b and under, 7 3-8 d (same); 371 b to 421 b, 6 7-8 d (same). Second quality, average about 311 b, 7 l-8d (7 l-Bd, 7d).

Australian lambs: Victorian, first quality, 291 b to 361 b, 6|d (same); first quality, 371 b to 421 b, 6£d same). Argentine lambs: First quality, 361 b and under, 6 5-8 d (same); first quality, 371 b to 421 b, 6 l-8d (same). New Zealand frozen beef: Not quoted.

Australian frozen beef: Not quoted. New Zealand chilled beef: Ox hinds, 1451 bto 2101 b, 1451 b to 2101 b, 3 5-8 d (4d, 4 3-8 d). Australian chilled beef: Ox hinds, 1451 b to 2101 b, 5d (not quoted, 5jJ-d); ox crops, weights corresponding, (not quoted, 4*d). Union of South Africa chilled beef: Ox hinds, 1451 b to 101 b, s£d (sjjd, 6 1 8d); ox fores, 1451 b to 2101 b, 3£d (4d, 4£d). Southern Rhodesian chilled beef: Ox hinds, 1451 b to 2101 b, 4-Jd (5 3-Bd, 5 3-8 d); ox fores, 1451 bto 2101 b, 3 3-8 d (3kl, 3 7-8 d). . Argentine chilled beef: Ox'hinds, 1451 h to 2101 b, 6 l-8d 6fd); ox fores, 145 lb to 2101 b, 4 l-8d (4i<l, 4 5-8 d).

Uruguayan chilled beef: Ox hinds 1451 b to 2101 b, sjd (5Jd, 6|d); ox fores, 1451 b to 2101 b, 33d (4d, 4 3-8 d). Brazilian chilled beef: Ox hinds, 1451 b to 2101 b, sJjd (5 7-Bd, 6d).

New Zealand porker pigs: First quality, 611 b to 801 b, 6J-d (6 3-Bd, 6 3 8d); 811 bto 1001 b, 6 3-8 d (same); 1011 bto 1201 b, 6 3 8d (same). New Zealand baconer pigs: 1211 bto 1601 b, 6*d (6J,il, 6 3-8 d). Messrs Levin and Co. Ltd., have received the following cable from their London agents, dated 18th June, 1937. “Frozen meat quotations are unaltered. The market is quiet.’’

Buyers. Sellers. £ s. d. £ a. d. N.Z. GOVT. LOANS3?% Inscr. Stock, 15/3/1941-43 Inscr. Stock, 101 10 0 - 0 15/9/1941-43 3£% Inscr. Stock, 101 10 102 0 0 15/11/1938-52 3j'/' 0 Inscr. SLock, 0 15/5/1939-52 3j‘t, llisci Stuck, 102 0 102 0 0 15/11/1941-52 Inscr. Stock, 102 0 15/5/1941-52 3£% Inscr. Stock, 0 0 ‘15/1/1953-57 — 100. 5 4% Inscr. Stock, 104 5 0 15/2/1943-46 4°/ Inscr. Stock, 104 5 0 15,4/1946 49 4% inscr. Stock, 15/6/1952-55 4% bonds, 15/6/ 102 15 0 .1952-55 5% Rural Bonds, 102 17 6 0 '15/9/1947 102 0 — LocAL bum US DEBENTURES— Makerua Dge., 4/j 101 0 0 p.c., 1/3/1945 Makerua l)ge., 4J, 101 0 0 p.c., 1/8/1953 VYgtn. City, 4$ p.c., 104 10 0 1,2/1957 — O'tuEH DEBEN 1UHES — 99 15 0 Arnal. Brick, Wgtn. N.Z. Fanners’ Co op., — 91 0 0 4£ p.c., 1945 — Grand Central Bldg. — 60 0 0 BANKS— 12 10 6 Comm. of A list. 0 18 O Comm. of Aust. 0 (pref.) — 0 9 3 Nat. of A’asia (£16) 14 0 14 12 6 Nat. of A’asia (£5) — 7 4 6 New South Wales ... — 56 U 0 New Zealand — 0 2 4 6 Union of Aust r i.\ANClAL— 10 12 Abraham and Williams 4 5 0 — Goldsbrough, Mort. and Co. * — 1 16 9 N.Z. Guarantee Corp 0 4 10 0 5 2 Wgtn. Trust Loan Wright, Stephenson 5 8 6 1 0 9 — liA.i— 0 10 0 Wellington (ord.) ... — 1 16 0 0 1 11 — INSURANCE — National of N.Z. ... 0 16 11 — New Zealand 3 5 0 — 2 19 b 4 15 South British 6 — 2 19 6 MEA'l PRESERVING — 0 16 0 — N.Z! Refrig. (£1) ... N.Z. Refrig. (10s) 0 19 0 0 8 11 Wgtn. Meat Exp. 0 5 0 ■ — W UULLEN— Kaiapoi 0. 13 9 Prestige, N.Z. (pref.) — 1 5 0 Wellington (pref.) ... 5 17 b — 0 19 6 2 0 6 COAL— 1 2 6 0 18 6 0 16 .0 Westport - Stockton 0 5 0 TIMBER— Taupo 'J’otara (ord.) 0 9 1 Taupo Totara (pref.) Taupo Totara (16s 1 0 0 15 0 paid, pref.) — 9 BREWERIES— 3 5 0 Dominion * N.Z. Breweries (ex — 2 4 6 rts.) t N.Z. Breweries 2 7 4 2 7 6 1 2 4 1 2 7 2 11 Staples and Co — 6 'J’ooth and Co 2 14 9 2 15 0 Tooheys (new) — 1 12 6 MISCELLANEOUSAust. Glass * British Tobacco 4 11 6 4 12 6 (Aust.) * British Tobacco (6^ 2 9 6 2 10 1 per cent, pref.) ... — 2 9 9 Broken Hill Pty. ... Burns, Philp, and 3 18 0 3 18 3 3 11 9 Claude Neon Lights (N Z ) 1 11 6 Claude Neon Lights (N.Z.) (rights) ... Consol. Brick and — 0 7 0 '0 7 6 Dental and Medical 0 13 0 D l.C (ord.) . 0 17 6 Dunlop-Perdriau ... 1 1 11 1 2 5 Electro. Zinc (ord.) Electro. Zinc (8 per 2 11 3 — cent, part pref.) ... 2 14 0 2 15 0 5 3 9 5 5 6 Henry Jones Co-op. 2 6 6 MacDuffs (pref.) ... Sharland and Co. 1 4 0 — 0 19 6 Shillings, Ltd Wilson’s (N.Z.) — 0 18 6 Cement, cum bonus 1 17 6 1 19 6 Woolwortbs (N.Z.) (ord.) (cum rights) 8 2 0 Hackshalls 0 14 0 0 15 0 MINING— Big River 0 1 5 — Gillespie’s Beach * . — 0 1 6 0 15 0 1 9 7 Nemona VVaihi Investments 0 12 0 0 12 6 AUSTRALIAN — Broken Hill South t 2 7 0 Mount Lyell t 2 0 9 2 1 6 Mount Morgan Placer Develop0 12 4 0 12 9 ment — 4 2 6

Buyers Sellers £ s. d £ 8. d Woolworllis, Ltd. ... 6 18 0 7 0 0 Woolworths (W.A.), Ltd — 6 15 0 Grey River (5s paid) — 0 5 4 National Tobacco ... 2 15 3 N.Z. Perpet. Forests — 2 4 0 Frozen Products ... — 0 10 0 Federations, Ltd., 7 p.c., 1/8/1937 — 102 0 0 McKenzie’s Dept. Stores .... 3 19 0 4 1 6