COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 15 November 1937, Page 10

COMMERCIAL NEWS

STOCK AND SHARE MARKET WELLINGTON STOCK EXCHANGE SATURDAY, NOV KM HE 11 13, 1037.

D. 11. Edwards (E. and D Edwards Lid.), Sharebroker, Country Member ol Wellington Stock Exchange, Trafalga; street. Telephone 208. F. G. Twiss, Sharebroker, Country Member of Wellington Stock Exchange. 103 Trafalgar! street. Telephone 427. Vercoe, Gilbert and Roves (N. A Vercoe, Couutry Member of Wellington Stock Exchange), sharebrokers, Trafalgai street. Nelson. '1 elephono 401. P. O. Box 74. Telegraphic address "Vorboy." PRICES OF METALS I Umlfd Pit's* Association llv ISleotrir 1 eleuraph —Copy riirhtl LONDON, 12th November. The official London (middle) quotations, as reported by the Australian Mines and Metals Association, compa. a with those previously cabled as follows: —

To-day’s quotations for other metals, with those of sth November in parentheses, are as folows:— Pig Iron. —Home trade, 106 s a ton (same); export not quoted Antimony.—British, £BB a ton (£93); foreign, £64 10s (£7O 10s). Molybdenite.—4ss 6d a unit nominal (same). Wolfram.—72s 6d a unit (87s 6d). PRICES OF RAW MATERIALS LONDON, 13th November. Friday’s closing prices for the following raw materials were as follows, those for sth November being shown in parcn theses : Cotton: Liverpool quotation, good American middling, spot, 4.63 d a lb (4.55 d); December delivery, 4.56 d a lb (4.43 d.) Rubber: Para, 7 7-8 d a lb (8d); plantation smoked ribbed sheet, 7 3-8 d a lb (?2d.) Jute: November-December shipment, Indian Jute, Dundee quotation, £2O 15s a ton (£2O 12s 6d). Copra: November-December shipment, sun-dried South Sea, to London or Rotterdam, £l3 5s a ton (£l3 10s); smoked, to Marseilles or Genoa, £l3 5s a ton (£l3 10s); plantation Raboul, to London or Rotterdam, £l4 5s a ton (same.) Linseed oil: £3O 5s a ton (£30.) Turpentine: 31s a cwt (31s 9d.) SHEEPSKINS CHEAPER At the fortnightly sale of hides and sheepskins held on Friday by Wellington brokers good catalogues met with poor competition and a very depressed market. Sheepskins, compared to the last offering, declined 2d. Light and heavy ox eased Id, but the medium weights were rather erratic. Cows in all weights dropped to lid. Heavy yearlings also declined ljd, and the lighter styles 2d to 21a, calf l|d to 2Jd. The range of prices was as follows: Dry Sheepskins.—Halfbred s|d to 9£d; fine crossbred, 7d to 9d; medium crossbred 6,jd to 9jjd; coarse crossbred 6d to BJd; half wools 51d to B.Jd; quarter wools 4jfd to 6.}d; pelts 3£d to sjjdi Hides.—Ox. 331 to 441 b 5d to sid, 451 b to 321 b 5Jd to 72d, 531 bto 591b'6Jd to Bjd, 601 b to 691 b 6gd to Bid, 701 b and over 6Jd to cow, 331 b to 391 b to sj,d, 401 bto 481 b 4 J ,d to 5Jd, 491 b and over 4.5 d to s£d; kip, 251 b to 321 b 41d to s£d. 171 b to 24db 4d to yearling, 111 b to 161 b, 5d to 9d; calf, 91b to 101 b Bgd to 9d, 61b fo 81b Bjd to 9gd, lib to 51b 6,5 d to IOJd. Tallow.—ln casks, to 18s; in tins, 5s to 10s. Sundries—Cow tails, UJd to lOd; horse hair, 17id to 18.(d.

FROZEN MEAT TRADE LONDON LAMB MARKET STEADV Lamb market: Tendency of market is steady, with prices unchanged. Old season’s stocks should be exhausted when new season’s arrive. Mutton market: Wethers —Heavyweights slightly easier, all others firm, with better trade. Ewes —Demand has improved, with prices better. Beef market: Frozen beef—Fores firmer, hindquarters unchanged. Chilled beef —Prices better this week owing to cold weather. New Zealand porker pigs: Consumption is improving, with little change in pric s. New Zealand baconer pigs: Demand slow, with prices easier. The above report was received on Friday by the Meat Board, which ad-

vises that the following are the ruling prices of wholesale quantities of the descriptions of frozen meat mentioned and are for representative parcels of the goods sold on Thursday. Chilled beef prices are averages of the week. All prices are on the basis of delivered to Smithlield market:— New Zealand sheep: Crossbred weliiers and/or maiden ewes, 481 b and under, 5 5-fj{|; 401 b to 5(1 lb, 4 7-lkl; 571 b to (14lb. ■ltd- (551 b to 721 b, 4)cl. Ewes, 481 b and under, 4d; 491 bto sf!lb, 3 5-8 d; 571 bto (541 b, 3 3 Tel: 651 b to 721 b, 3.|d. New Zealand lambs: Canterbury, Ill'll) and under, 7 7-8 d; 371 b to 421 b, 7:Jd: 431 b to 501 b. 7 1 -Bel; second quality, average abo t 311 b, 7 3-Bd. Other South Island. 361 h and under, 7 7-lkl; 371 b to 421 b, 72d: 431 bto 501 b, 7.’,c1. North Island Downs, not quoted. North Island, j (irst quality. 361 b and under, 7 3 cl; 371 b to 421 b, not quoted; second quality, average about 311 b, 7 3-lkl. Australian lambs: Victorian, first quality, 201 b to 361 b. 73d; 371 b to 421 b, not quoted. Argentine iambs: First quality (new season’s). 361 b and under, 7 l-8d; 371 b to 421 b, 7d. Now Zealand frozen beef: Ox hinds. 1451 b to 2101 b, 4 l-8d; fores, 3,)d. Australian frozen beef: Ox hinds, 4.Jd; crops, 3.1 d. New Zealand porker pigs: First quality, 611 b to 801 b, 7 id; 811 b to 1001 b, 7 1 -3d; 1011 b to 1201 b, 7d. New Zealand baconer pigs, 1211 b In 1601 b, 63d. New Zealand chilled beef. Ox hinds, 5Jd; fores, 33d. Australian chilled beef: Ox hinds, 5Jd; crops, 3Jd. South African chilled beef: Not quoted. Southern Rhodesian chilled beef: Ox hinds, sjd; fores, 3:Jd. Argentine chilled beef: Ox hinds, 6 1 -Gel: fores, 4 l-lid. Uruguayan chilled beef: Ox hinds, 53d; fores, 4d. The market is steady, says a report received by Levin and Co. Ltd., from their London agents. Compared with last week’s quotations: Second quality lamb, 1 -Od per lb higher; wethers,, 64 to 721 b, l-Bcl per lb lower; ewes, under 561 b and 64 to 721 b, l-8d per lb higher. Others unchanged. meat for the united KINGDOM The New Zealand Meat Producers’ Hoard is advised by cable from its LonI don office that the shipments from Australia, South America and South Africa to (he United Kingdom during the month of October. 1937, were as follows: Australia.—Mutton, 54,655 carcasses: lamb, .716.620 carcasses: beef (frozen), 81,323 quarters; beef (chilled), 29,476 quarters South America. —Mutton, 23.780 carcasses; lamb, 315,647 carcasses; beef (frozen), 50 A 7 quarters; beef (chilled). 414,952 quarters. Included in the South American figures are 52,378 carcasses of lamb and 25,088 carcasses of mutton shipped from Patagonia. South Africa (including Southern Rhodesia), beef (chilled) 6764 quarters. The shipments from New Zealand to the United Kingdom for the same period were as follows: —Mutton, 205.550 carcasses; lamb, 116,005 carcasses; beef (frozen), 23,996 quarters: beef (chilled), 6143 quarters.

Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVT. LOANS— oj'o laser. Stuck, 15/3/1939-43 °o I user. Stock, - 0 101 10 0 15/9/1941-43 101 0 — 3J,% luscr. Stock, 15/11/1938-52 104 10 0 3j°,', luscr. Stock. 104 10 0 ‘ 15/5/1939-52 - 3j% luscr. Stock, 15/11/1941-52 ... 104 3>% laser. Stock, 0 0 0 - 15/5/1941-52 104 laser. Stock, 0 99 2 ‘ 15/1/1953-57 — b 3jf% laser. Stock, 15/11/1938-41 — 102 15 0 5°,', Ratal Bonds, 15/9/1947 101 10 0 — LOCAL BODY DEBFNTURI ;SMakeraa Dge., 4i% 101 o 0 1/8/1953 — OTHER DEBENTURES95 0 0 Antal. Brick, Wgtn. K(4lmrn Tramway, 5% — 106 0 0 31/10/1943 — BANKS11 10 0 Com. of Aust. (ord.) Com. Ranking Co., — 0 17 6 0 0 Sydney — Knjr., Scot., & Aust.* 5 11 0 21 6 5 13 National of N.Z. — 2 18 0 Nat, of A’asia (£5)* — 7 4 0 New South Wales * — 33 5 0 New Zealand * 2 New Zealand, D Long 4 2 Term * 1 New South Wales 9 0 0 (Svd. reg.) * — 33 5 Union of Anst 9 7 0 9 10 0 FINANCIAL— Abraham & 'Williams’* 3 0 0 — Equitable Bldg. Co. Goldsbrough, Moil, & — 0 10 6 Co 1 13 3 — 0 National Mortgage A — 2 9 N.Z. Guarantee Corp. N.Z. Loan and Mere. — 0 5 0 0 (ord. stock) — 36 0 Wgtn. Trust Loan Wairarapa Farmers * 5 10 0 (pref.) 0 Wright Stephenson 4 0 6 (pref.) 1 0 — GAS— 1 2 0 Christchurch (con.) — 0 14 9 Feilding 0 2 0 — 0 8 9 Wellington (ord.) ... 1 16 0 1 17 6 INSURANCE — New Zealand 3 4 6 — South British 4 17 6 — Standard 2 19 0 — MEAT PRESERVING— Gear Meat 0 16 9 0 17 6 N.Z. Ref rig. (£1) ... — 1 0 2 N.Z. Refrig. (10s) ... — 0 9 11 1 8 0 Wgtn. Meat Export 0 8 0 - TRANSPORT— Union Steam (pref.) 1 6 5 0 Kelburn Tram, (ord.) — 1 2 WOOLLEN— 1 15 6 Oamaru 0 13 6 0 19 6 0 17 3 Wellington (pref.) ... 5 10 0 — COAL— Kaitangata 1 3 9 Pukemiro 0 18 0 — TIMBER— Kauri * 1 2 9 0 4 6 Rotoiti (pref.) — 0 19 3 Taringamutu 0 14 9 — Taupo Totara (ord.) — 0 7 0 Tanpo Totara (pref.) Taupo Totara, 16s pd. — 0 19 0 (Pref.) — 0 15 0 BREWERIES— 2 0 9 N.Z. Breweries — 2 8 9 Tooth and Co — 2 14 9 MISCELLANEOUS— Brit. Tobacco (Aust.) 2 Brit. Tobacco (6i% 9 6 - pref.) 1 10 6 — Broken Hill Pty. * 3 3 9 —

Broken Hill l’ly. (rights) 1 0 9 1 10 0 Burns, I’liilp, & to." 2 18 0 Colonial Sugar ‘10 o 6 47 0 0 Consol. Brick & Pipe 0 8 0 0 8 6 Dun lop-l’orcl rin ii ... 1 2 7 — rcirct.ro. Zinc (end.) 2 9 0 2 9 6 rcicctro. Zinc (8'.',', part, pref.) :.! 10 9 2 11 6 Kell and Text.ill’s — 1 lb 0 Felt and Textiles (rights) 0 14 1 (tenoral Industries — 0 19 6 G. J. Coles 1 12 6 4 13 0 Howard Smith (old.) — l 1 f) Mac Hun's (prof.) ... — 1 6 0 McKenzie’s (rights)* 4 9 0 4 9 9 Milburn Lime * __ 2 3 0 Morris Hedstrom ...* — 1 10 3 Mnturoa Oil — 0 3 it National Electric ... 0 12 6 _ N.Z. Paper Mills ...* 1 6 0 1 6 10 Procora Bread (nrd.) 0 12 0 -- Sharland iX: Co. (ord.)T — 0 17 9 Taranaki Oil — 0 6 0 Wilson’s (N.Z.) Cement. 0 19 6 Woolworths (N.Z.) (ord., bonus issue)* _ 5 7 0 Woolworths (N.Z.) (new) 5 5 0 Woolworths, Lid. (ord.) 1 8 6 1 9 0 Wairakei, Lid 0 7 6 0 8 0 MINING— Alexander (con.) 0 13 0 Argo 0 1 8 0 2 0 Waihi Investments t — 0 10 Barrvtown 1 4 0 — AUSTRALIAN MINING Broken Hill South * 2 0 3 Mount Lvell * — 1 16 6 Mount Morgan — 0 12 1 OVERSEAS LISTINGS— Woolworths Holdings 0 Id 0

Nov. 11 Nov. 12 Per ton. Pe ■ ton. £ s. d. £ s. d. Copper— Standard, spot 41 4 41 41 1 3 Ditto, forward 41 10 71 41 6 3 Electrolytic .... 46 10 0 46 0 0 to 47 10 0 47 10 0 Wire bars 47 10 0 47 10 0 Lead — Spot 17 12 101 17 13 4 Forward 17 15 71 17 15 7J Spelter— Spot 16 18 4 16 14 44 Forward 17 1 101 16 18 4 Tin— Spot 204 17 0 198 15 0 Forward 204 2 6 197 15 0 Silver— Standard, per oz 19 13-16d 19 13-16d Fine . 21 3-8 21 3-8d