COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 19 October 1937, Page 10

COMMERCIAL NEWS

STOCK AND SHARE MARKET

WELLINGTON STOCK EXCHANGE

.MONDAY, OCTOBER 18, 1937. Buyers. Sellers. £ a. d £ a. d.

UNOFFICIAL LIST Buyers. Sellers. £ s. d. £ a. d. Woolworths, Ltd ... 19 7 1 10 0 Selfridges (N.Z.), £1 paid 1 0 3 Metiers (N.Z.) Ltd. 0 11 0 *Cuin div, D. Ft. Edwards <F. and O. Edwards Ltd), Sharebroker. Country Membei of Wellington Stock Exchange. Trafalgar street. Telephone 208. F G. Twlss, Sharebroker. Country Member of Wellington Stock Exchange

1003 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." BUTTER IN LONDON SHORTAGE OF SUPPLIES I United Press Association-H.v Electric Tnleeraph—Oop.vriirhtl The markets for both New Zealand and Danish butter in London arc firm, with supplies short, according to information supplied by the Primary Products Marketing Department. New Zealand butter is still selling retail at Is 4d a lb, with Danish Is sd. Wholesale quotations arc:—New Zealand, salted, 135 s a owl, compared with 130 s last week and 95s to 96s a year ago; unsalted, 135 sto 1365. Australian, salted and unsalted, 134 sao 1355. Danish, spot, 1455. Dutch, unsalted, 133 sto 1345. Estonian and Siberian, salted, 132 s to 1335. The Imperial Economic Committee’s estimated stocks of all butters in store amount to 478,204 boxes, compared with 986,802 boxes at the corresponding period last year. New Zealand butter in store is 4821 tons, compared with 4725 tons a year ago. There are 814 tons of Australian butter in store. The cheese market is steady, with the retail price for New Zealand still 9d a lb. Wholesale quotations are:—New Zealand, white, 70s 6d a cwt, compared with 70s 6cl to 71s last week, and 68s to 68s 6d a year ago; coloured, 69s 6d (70s last week). Canadian .white, 70s to 71s; coloured, 71s to 725. Finest English farmers’, 90s to 925.

AUSTRALIAN SHARE MARKETS {United Press Association—li.y Electric Telegraph—Gopyrightl SYDNEY, 18th October. Investors on the Stock Exchange today apeared to be reluctant to undertake heavy commitments pending the arrivel of further market advices from overseas. The tone of the market was fairly steady, with a tendency to harden. Sales: Bank orf New South Wales, £33 17s 6d; Commercial Bank of Sydney, £2l 2s; Colonial Sugar, £47 ss; Automatic Totes, 19s 6d; Burns Philp, 58s 6d; British Tobacco, 49s 3d. Tooths, 54s 9d; G. J. Coles, 945; David Jones, 40s 3d; Anthony Hordern, 18s 9d; General Industries, 19s 6d; Hume Pipe, 20s 3d; Felt and Textiles, 425; Mark Foy, 23s 6d. Goldsbrough Mort, 33s 4Jd; Morris Hedstrom, 295; Henry Jones, 495; Fairymead Sugar, 325; Gibson Howes, 32s 6d; Manly Gas, 245; Nestles, pref., 355; Wright Heaton, £7 12s 6d. Mt. Morgan, 10s 8d; Broken Hill Ply., 77s 9d; North Broken Hill, G3s; South Broken Hill, 41s 10£d; Kuala Kampar, 18s 6d; Rawang, 10s lOd; Larut, 16s 6d; Placer Development, 70s; Taranaki Oil, 7s 2d. Morning sales included:—Commonwealth bonds, 4 p.c., 1938, £lO2 Is 3d; 1941, £103; 1953, £lO3 10s; 1955, £lO3 15s; 1957, £104.55; Commercial Banking Co. of Sydney, £2l 2s; Broken Hill Proprietary, 77s 6d; Colonial Sugar, £47 ss; Farmers, 33s 9d; G. J. Coles, 93s 9d; Goldsbrough Mort, 33s 4Jd; Howard Smith, 21s 3d. MELBOURNE, 18th October. The market to-day was generally inclined to be better on the Improvement overseas, but business generally was fairly quiet. Sales: Commercial Bank of Australia, 17s 6d; Howard Smith, 21s 4d; British Tobacco, 495; G. J. Coles, 945; Australian Iron and Steel, pref., 28s; Dunlop Perdriau, 22s sd; Goldsbrough Mort, 33s 6d; Electrolytic Zinc, pref., 56s 3d. Mt. Morgan, 10s 9d; Mt. Lyell, 39s Gd; Broken Hill Ppty., 78s; North Broken Hill, 62s 9d; South Broken Hill, 41s 10Jd; Zinc Corporation, £5 15s; Emperor, 11s 9d; Loloma, 19s 3d.

TALLOW, HEMP AND EGGS The Department of Agriculture has received the following cablegram, dated 16th October, from the High Commissioner for New Zealand, London:— Tallow: Market quiet and quotations unchanged. Hemp—Manila: Market very quiet, and tone easier; closing sellers for Oc-tober-December shipments £26 ss. Sisal: Market quiet and irregular. Oc-tober-December shipments sold down to £25 7s 6d. New Zealand: Market very quiet and no first-hand sales reported. Values nominal on the basis of high points £27 10s. Eggs: Market slow. English, national pack, 15s 6d to 225; English, ordinary pack, 18s'6d to 19s Gd; Danish, 13s 9d to 15s 3d; Australian, 12s 6d to 14s. RESULT OF NEW ZEALAND SKI TEAM’S AUSTRALIAN VISIT Whilst competing at Kosciusko, a number of the New Zealand Shiers were troubled with severe colds and had not shaken them oil properly when returning to New Zealand on the Wanganella. It was noted that at least one member of the team was pleased to find Baxters Lung Preserver on sale in the indispensable barber’s shop. New Zealanders leaving the country for a short time are well advised to take a good supply of Baxters with them. People have sent for Baxters from as far away as England, finding that nowhere else can such an excellent remedy for coughs and colds be procured.

Baxters has for nearly 80 years demonstrated the unique efficacy of this safe, sure, and most pleasant cough remedy tor voung and old. All chemists and stores sell Baxters in the three sizes. 1/6, 2/6, and extra large family size 4/6.

G. M. ROUT AND SONS TRAFALGAR STREET - NELSON || ICHMOND. Beautiful and stylish 5rmd Modern Residence, practically new. concrete foundations, latest conveniences, 2 sun porches, concrete paths, well equipped kitchenette. Garage septic tank, splendid view, good garden, half-acre section. Price £llsO / UTY: Bungalow 4 rms and kitchen etle. Electric light and all modern conveniences. Good section in garden and lawn Government Mortgage Price for quick sale £875 /"UTY: Bargain, 5-rmd. modern resirience. situated handy to Town All conveniences. Concrete oath Garage, etc Price £950 QTOKE: 4 acres and 5-rmd dwelling and necessary outbuildings. This is a desirable and nicely situated property and price is reasonable The above properties have ly-cn personally inspected and are highly recommended

32% 1 user, SLock, 15/3/1939.'13 101 2 6 3.',% I user. Stock, *15/9/1939-43 101 2 6 4% I user. Stock, 15/3/1941-45 101 5 0 3J% Inscr. Stock, 15/9/1941-43 101 5 0 3.j% Inscr. Stuck, *15/5/1939-52 104 2 6 32% Inscr. Stock, 15/1/1953-57 — 99 0 0 4% laser. Stock, '15/2/1943-46 — 103 2 6 4% Inscr. Stock, 15/4/146-49 102 15 0 4% Bonds, 15/2/ '1943-46 — 103 5 0 4% Bonds, 15/4/ 1946-49 — 103 5 0 5% Rural Bonds 15/9/1947 101 5 0 _ LOCAL BODIES DEBENTURES — Miikcrua Drainage, 4 1/8/1953 ... — 101 0 0 OTHER DEBENTURES— Amal. Brick, Wgtn. — 95 0 0 N.Z. Rofrig., 4i% 101 10 0 — BANKS— Com. of Atisfc. (ord.) 0 17 0 0 17 4 New Soutli Wales ... — 33 10 0 New Zealand * 2 3 9 2 4 3 New Zealand D Long Term * 1 9 0 Union of Aust — 9 11 6 FINANCIAL — Abraham & Williams 3 0 0 _ Equitable Bldg. Co. — 0 11 1 Goldsbrough, Mort, and Co 1 12 9 1 13 3 National Mortgage “A” — 2 9 0 N.Z. Guarantee Corp * — 0 5 0 N.Z. Loan and Mere. (ord. slk.) — 36 0 0 Wn. Invest. T. & A. — 0 9 9 Wgtn. Trust Loan 5 5 0 5 12 6 Wairarapa Farmers (pref.) 0 4 0 Newton King (pref.) — 0 9 9 GASAuckland 110 Feilding 0 2 0 — INSURANCE— New Zealand — 3 4 6 Queensland — 2 19 0 South British * — 4 15 6 Standard . — 3 1 0 MEAT PRESERVING— Canterbury 10 5 0 Gear Meat — 0 18 9 N.Z. Refrig. (10s) ... 0 9 10 0 10 0 Wgtn. Meat Export 0 6 0 — WOOLLENKaiapoi — 0 13 2 Wellington (ord.) ... — 5 14 0 Wellington (pref.) ... 5 12 6 — COAL— Pukemiro 0 17 6 1 0 0 Westport — 1 6 0 Westport-Stockton ... — 0 2 3 Renown — •0 11 0 TIMBER— Kauri — 1 3 6 Leyland-O’Brjen ... — 0 19 6 Rotoiti * — 0 4 8 Rotoiti (pref.) * — 0 19 0 Taringamutu 0 14 6 — Taupo Totara (ord.) — 0 7 0 Taupo Totara (pref.) — 0 19 0 Taupo Totara, 16s pd. (pref.) — 0 15 0 BREWERIES— Dominion — 2 1 0 N.Z. Breweries ... 2 8 0 2 8 9 Tooth and Co — 2 14 9 Tui — 2 16 0 MISCELLANEOUS— Anthony Hordern ... — 0 18 9 Aust. Glass 4 10 6 4 11 0 Brit. Tobacco (Aust.) 2 8 6 2 8 8 Broken Hill Pty. (cum rights) * 3 16 6 3 17 0 Colonial Sugar 46 17 6 47 0 0 Consol. Brick & Pipe — 0 8 0 Dental and Medical Supply 0 12 9 Dunlop-Perdriau ... 1 1 11 1 2 0 Electro. Zinc (ord.) — 2 14 0 Electro. Zinc (8% part pref.) — 2 15 0 G. J. Coles 4 12 6 4 13 0 Hume Dipt 0 19 10 — MacDuffs (pref.) ... — 1 6 3 N.Z. Drug — 3 16 0 Procera Bread (ord.) 0 11 0 0 17 6 Sharland & Co. (ord.) 0 17 6 0 18 6 Shillings, Ltd — 0 18 10 Taranaki Oil 0 6 10 0 7 2 United Provisions ... — 0 7 6 Wilson’s (N.Z.) Cement — 0 19 10 Woolworths (N.Z.) (ord.) 4 18 6 5 1 6 Woolworths, Ltd. (2nd pref.) 17 9 Woolworths, Ltd, (1st pref.) 2 0 0 0 Wairakei, Ltd 0 7 6 0 8 Felt and Textiles ... 2 10 2 1 8 Victoria Laundry ... 0 18 9 — MINING— Argo * 0 1 10 Big River 0 10 — Gillespie’s Beach ... — 0 1 4 Martha 0 15 9 — Mossv Creek 0 0 10 0 1 0 Nemona 0 15 — Waihi Investments — 0 11 3 AUSTRALIAN MINING— Broken Hill South — 2 1 3 Mount Lyell 1 18 6 1 19 1 Mount Morgan 0 10 4 0 10 6 Placer Development — 3 11 6