COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 20 October 1937, Page 10

COMMERCIAL NEWS

STOCK AND SHARE MARKET WELLINGTON STOCK EXCHANGE TUESDAY, OCTOBER 19, 1937.

L>. U. Edwards <t. and o. Edwards Ltd), Sharebroker. Country Membe. ot Wellington Stock Exchange. Tra/algai ; street Telephone 20H E G l'wiss. Sharebroker. Country I Member ot Wellington Stuck Exchange i 1 003 Trafalgar street Telephone 127 Vercoe. Gilbert and Uoyes <N A Vercoe. Country Member Welhnrton Stock Exchange) Sharebrokers. Trafalgar street, Nelson. Telephone 401. P.O Box 74. Telegraphic address “Verboy."

AUSTRALIAN STOCK EXCHANGES I Urnti'd I'it‘HH AsHoidallon- lly Eluririi-Tiilfsrinih-Copy riir hr) SYDNEY, 19th October. Distinct weakness was again evident on the Sydney Stock Exchange in metal stocks owing to a sharp break in the New York market. Minor price changes occurred among industrials. Sales: Bank of New South Wales, £34; Commercial Bank of Sydney, £2l 3s; Commercial Bank of Australia. 17s (id; Union Bank, £9 13s (id; Colonial Sugar, £47 2s (id. Adelaide Steam, 32s 9d; Australian Gas, A. old, £7 (Is; ditto, B, £7 8s (id; Tooths, 54s 9d; Tooheys, 31s 9d. G. J. Coles, 945; Drug Houses, 2(is 4Jd; Australian Glass, 91s; Dunlop Perdriau, 22s 4Ad; Farmers, 33s lid; Anthony Hordern, 18s l(Md; Steelman, 15s (id; Moris Dock, 10s lid; Sargents, 29s 9d; Newbold Brick, 355; W. R. Carpenter, 4Gs; Mauri Bros., GBs Gd; United Provisions, 7s Gd.

Goldsbrough Mort, 345; Wilcox Mofflin, 11s Gd; Henry Jones, 48s 9d; Meggitts, 34s Gd; Standard Cement, 17s Gd. Electrolytic Zinc, 51s Gd; Mount Morgan, 10s 7d; Mount Lycll, 38s; Broken Hill Proprietary, 77s 3d; New Broken Plill Consolidated, 14s 3d; North Broken Hill. 59s Gd; Rawang Tin, 10s 9d; Larul Tin, 16s Gd; Placer Development, G9s 3d; Emperor, 11s Bd. Morning sales included: Commonwealth bonds, 4 per cent., 1938, £lO2 2s 6d; 4 per cent,, 1941, £lO2 17s Gd; 4 per cent., 1944, £lOl 18s 9d; 4 per cent., 1957, £lO4 2s Gd; 4 per cent., 1961, £lO3 10s; Commercial Banking Co., ol' Sydney, £2l 4s; Bank of New South Wales, £34; Tooths Brewery, 555; Associated Newspapers, prcl’., 23s 9d; British Tobacco, 48s 9d; Broken Hill Proprietary, 77s 9d; Burns Philp, 58s 6d; Colonial Sugar, £47 2s Gd; Electrolytic Zinc, pref., 55s Gd; Marcus Clark, 5s 3d. MELBOURNE, 19th October.

With renewed selling in New York, the market to-day developed an irregular tone, with lower prices recorded in industrial leaders and base metal stocks, in expectation of the London market being weaker to-morrow. Sales: Commercial Bank of Australia, 17s sd; National Bank of Australasia, £5 paid, £7 4s Gd; Bank of Australasia £ll ss; British Tobacco, 48s Gd; Coles, 925; Australian Glass, 90s Gd. Dunlop Perdriau, 22s 4d; ditto, pref., 37s 3d; Goldsbrough Mort, 345; General Motors, 25s 3d; Cox Bros., 17s Gd; Felt and Textiles, 41s Gd; Herald and Times, 65s 9d.

j Electrolytic Zinc, 51s 6d; ditto, pref., i 53s 9d> Victoria Nyanza, 18s; Mount Morgan, 10s 7d; Mount Lyell, 37s 7£d; Broken Hill Proprietary, 70s 9cl; North Broken Hill, 58s 6d; Broken Hill South, 39s 7£d; Emperor, 11s 6d; Loloma, 17s 9ql. BUTTER AND CHEESE The Dairy Board is advised by the Marketing Department that British imports of butter and cheese from New Zealand for the nine inonths ended 30th September, 1937 and 1936, were as follows: — 9 months, 9 months 1937. 1936. Tons. Tons. Butter 111,807 102,850 Cheese 68,788 67,050 Imports of butter and cheese from all sources during the 1937 period were 358.931 tons of butter and 107,566 tons of cheese. OPPOSSUM SKIN SALE Dalgcty and Co., Ltd., Dunedin, report as follows : The final opossum skin sale for the season took place on the 15tli October, when we offered a catalogue of 9000 skins out of a total offering of 15,000. Trapping seasons have been closed for some time now, and this sale represents only tlie tail-end of the season’s catch, consequently the, general quality was poorer than at the previous sale. With overseas conditions in the fur trade in an even worse state than a month ago, competition was very restricted, being confined to best quality skins. All other giades were neglected. We quote best Blues and Greys 3d to Is lower, and other grades of these colours proportionately easier. Main grades of dark colours, also red necks, wore par to 6d lower. The greatest drop was on low grades, the bulk of which wo passed in at prices 30 per cent, to 50 per tent, below last sale’s levels. Top prices in our catalogue were 11s Id for blues, 10s 7t for greys, and 6s lid for blacks. The range of prices at our sale for main grades was; as follows: — South Island (including large North Island): Blues, super 10s lid to 14s Id. blues, Ist and 2nds 5s 6d to 10s 4d, greys super 10s to 10s 7d, red necks, super 5.s to 5s lOd, red necks, Ist and 2nds 3s Od t) 5s 2d, blacks, super, 5s 6d to 6s lid blacks, Ist and 2mls 2s 9d to 5s 2d, browns, super 4s 6d to 5s 3d, browns, Ist and 2nds 2s 3d to 4s 3d, small blacks 6d to Is, small blues and greys Is 1 1 2s North Island (light skins) : blues, super 10s to 11s, blues, Ist and 2nds 5s 9d to 8s Id, greys, super 7s 6d to Bs, greys, Ist and 2nds 3s ldl to 5s 4d, red necks super 3s 4d to 4s 6d, red necks, Ist and 2nds 2s 8d to 3s ICd.

Buy .‘1’S. Sellers. £ s. d £ s. d. Inscr. Slock, 15/3/1939-43 101 5 0 101 10 0 3 I user. Slock, 15/9/193943 101 5 0 ~ 4% Jnscr. Stock, 15/3/194143 3j% loser. Slock, 101 5 0 - 15/9/194143 3j% loser. Slock, 101 5 0 — 15/11/1930-52 ... J04 2 6 104 15 0 3j°,', loser. Slock, * 153/5/1939-52 104 5 0 104 15 0 31% loser. Stock, “15/1/1953-57 4% loser. Slock, 98 10 0 - 15/2/194346 4% loser. Slock, — 103 2 6 15/4/194649 4% loser. Stock, 102 12 6 — 15/6/1952-55 4% Bonds, 15/2 / 104 15 0 — 1943-46 103 5 0 4% Bonds, 15/4/ 1946.49 103 5 ° LUCAL BOB IKS DEBENTURESMakerua Drainage, 4J% 1/8/1953 ■ ... — 101 0 0 OTHER DEBENTURESAroal. Brick, Wgtn. — 95 0 0 N.Z. Refrig., 4i% 01 10 0 — BANKS— 10 10 0 Com. of Aost. (old.) 0 17 2 0 17 6 Com. of Ausfc. (pref. 0 9 11 National of N.Z. ... 2 18 3 — New Sooth Wales ... 33 0 0 33 10 0 Union of Aost FINANCIAL— Abraham & Williams 3 0 0 9 11 0 Dalgcty and Co. 10 0 0 Equitable Bldg. Co. Goldslirongh, .Mort, 0 11 0 1 12 11 N.Z. Guarantee 0 5 0 N.Z. Invest. Mort. t _l 0 9 91 N.Z. Loan and /Mere (ord. slk) 36 0 0 Wo. invest T. & A. 0 9 0 0 9 9 Wgto. Trust Loan Wairarapa Farmers 5 12 6 (Pref.) Newton King (pref.) GAS— 0 4 9 0 9 8 1 1 3 1 18 3 0 9 0 Napier 10 7 6 Wellington (ord.) ... 0 2 0 1 17 6 INSURANCE— 3 4 6 Queensland 2 18 0 South British * 4 15 0 MEAT PRESERVING— Canterbury 10 5 0 0 18 9 N.Z. Refrig. (£1) ... 1 1 0 N.Z. Refrig. (10s) ... 0 910 0 9 11 TRANSPORT— Ifuddart-Paiker (ord.) 2 1 6 Union Steam (pref.) 1 6 3 — Kclburn Tram, (ord.) 1 1 0 — WOOLLEN— Wellington (ord.) ... 5 14 0 Wellington (pref.) ... 5 12 6 5 14 6 COALTaupiri 0 17 8 — Westport TIMBER— — 1 6 0 1 3 0 4 8 Rotoiti (pref.) 0 14 6 Taringamutu 0 14 6 — 'l’aupo Totara (ord.) — 0 7 0 TaUpo Totara (pref.) — 0 19 0 'laupo Totara, 16s pd. 0 15 0 BREWERIES— 2 0 9 Dominion (pref.) — 2 0 9 N.Z. Breweries O 0 2 2 9 0 Tooth and Co — 2 14 2 16 9 °!l i MISCELLANEOUS— Anthonv Hordern ... — 0 18 10! 4 10 9 4 11 3| t Brit. Tobacco (Aust.) British Tobacco (65% 2 8 3 Pi’ef.) * 1 10 9 — ll Broken Hill Pty. (cum jc rights) * 3 17 0 3 17 3 ; Burns, Philp, & Co. 2 17 6 2 18 9 < Colonial Sugar 46 15 0 46 .17 6 Consol. Brick & Pipe — 0 8 0 Dcnbard (pref.) Dental and Medical 1 0 3 — Supply 0 12 10 — Diiiilop-Perdriau 1 2 0 — Electro. Zinc (ord.) 2 12 0 — Electro. Zinc (8% f part pref.) 2 14 0 — General Industries ... 0 19 0 — G J. Coles 4 13 0 4 14 0 1 Henry Jones Co-op. — 2 9 6 Hume Pipe 0 19 9 1 0 3 Morris Hedstroni — 1 9 3 1 Procera Bread (ord.) 0 12 3 0 17 0 Shillings, Ltd — 0 18 9 0 7 2 Woolwortbs (N.Z.) ! (ord.) 4 18 0 5 1 0 Woolwortbs, Ltd. (2nd Pref. ) 1 7 9 — j_C Woolwortbs, Ltd.l (1st i 2 0 0 ; Wairakei, Ltd McKenzie’s Depart0 7 6 0 8 0 liienl Stores 4 5 6 4 6 0! 0 4 0! Felt and Textiles (cum rights) 2 1 0 — Donugliv’s Rope — 2 10 0 W. B. Carpenter MINING- — 2 6 6 l Alexander (fully pd.) 0 11 6 - I Alexander (con. B.J 0 13 6 1 A rgo * 0 1 10 — Big River 0 1 1 — Gillespie’s Beach ... — 0 1 4 j 0 9 , \] 0 ssv Creek 0 0 10 0 1 01 If 0 1 Wailii Investments 0 11 3j MuS'l RAI.IAN MINING - Broken Hill South 2 0 9 — 1 18 11 1 19 0 Mount Morgan 0 10 7 0 10 81 Placer Duvelopineut — 3 10 6 1 OVERSEAS LISTINGS— Woolwortbs Holdings 0 15 3 - U UNOFFICIAL LlS’l | Hove s. Sellers. 1 41 3. d £ a l. 1 Woolwortbs, Ltd. ... Sclfridges (N.Z.), 111 1 9 9 110 1 j i .. id 1 0 3 1