COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXI, 21 December 1937, Page 12

COMMERCIAL NEWS

STOCK AND SHARE MARKET

WELLINGTON STOCK EXCHANGE

A. B. Kirison. Sharebroker, Country Member of the Wellington Stock Exchange, F. .V D. Edwards Ltd Building Trafalgar Street telephone 208 F. G. Twiss, Slinrelirokcr, Country Member of Wellington Stuck Exchange 105 irafalgar alreet. Telephone 427. Vorcoo, Gilbert and Moves (N. A Venn '■'Mintry Member of Wellington Stock Exchange), sharebrokers, Tralalgw alieet Nelson, 'ielcphone 40). i*. li Box 74. Jelegraphie address ‘ Vcrboy."

PRICES OE RAW MATERIALS

LONDON. 18lli December

Friday's closing prices for the following raw materials were as follows, those for 10th December being shown in parentheses:— Cotton: Liverpool quotation, good American middling, spot, 4.81 d a lb t4.70d); January delivery, 4.68 c! a lb (4.56 d).

Rubber: Para, 7,|d a lb (7Jd); plantation smoked ribbed sheet, 7.Jd a lb (74d). Jute: January-February shipment, Indian jute, Dundee quotation, £l9 5s a ton (£l9 12s Cd).

Copra: January-February shipment, sun-dried South Sea, to London or Rotterdam, £l3 2s 0d a ton (£13); smoked, to Marseilles or Genoa, not quoted (£l2 17s Cd); plantation Rabaul, to London or Rotterdam, £l4 a ton (£l3 17s Gd).

Linseed oil: £3O 10s a lon (£29 15s) Turpentine: 31s 3d a cwt (31s).

HIGH COMMISSIONER’S REPORT

The Department of Agriculture has received the following cablegram, dated 17th December, from the High Commissioner for New Zealand, London:—

Tallow: Market continues quiet on the spot vvitli prices unchanged. Hemp: Manila—Market continues steady. “K’’ grade for Januury-.Mai'oli shipments sold £25 Output Ist January to 13!h December, 1.267,000 bales, against 1.259,000 lor same period last year Stocks in United Kingdom 31st November, 9945 bales, against 9147 at same time last year. Slocks in Manila 13th December, 163,000 bales, against 143.000 same time last year. Sisal—Market dull; slightly better demand at the decline. January-March shipment sold £l9 17s Gd; Closing values February-April shipments £2O. New Zealand—Market dull; no firsthand sales reported. Stocks in London, Ist December, 39 tons, against 52 tons at same lime last year.

Eggs; Market firm; prices higher. English, national pack, 21s to 24s Gd; English, ordinary pack, 21s to 21s 6d; Danish, 14-171 b, 15s to 18s; Australian, 12s 9d to 15s.

Apples: Market steady. Oregon Newtowns, 9s to 11s Gd; Californian Newtowns, 9s to 10s Gd; British Columbian Jonathans, 8s 6d to 11s; Delicious, 9s to 10s 6d.

Pears: Market steady. Californian Winter Nelis, 10s to 14s; Washington Winter Nelis, 8s 6d to 11s 6d; Anjou, 13s to 16s; British Columbian Anjou, 13s to 15s.

AUSTRALIAN SHARE MARKETS

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SYDNEY, 20th December

The more confident sentiment reporterl to exist, in (he overseas markets was reflected in a stronger undertone on the Sydney Slock Exchange to-day. The volume of business was also much greater than in tho past weeks. General steadiness characterised the markets.

Sales: Bank of New South Wales, £33 ss; Commercial Bank of Australia, 17s 3d: National Bank, £5 paid, £7 3s.

Colonial Sugar, £4B; Associated News, 23s (id; ditto, prof.. 24s 9d; Burns Philp, 53s 3d; British Tobacco, 50s (id. Tooths, 53s 9d; Toohcys, 335; Dunlop Perdriau, 22s 10jd.

Anthony Hordern, 19s; Kandos Cement, 25s Gd; Claude Neon, 49s Gd; W. R. Carpenter, 46s 9d; Australasian Paper, 31s (id.

Woolworths, Ltd., 2(Ss; Wunderlich, 21s Ud: Younghusbnnd, 34s 6d; Trailers Finance, 245; United Provisions, (is Bd. Winchcombe Carson. 32s 9d; Morris Hedstrom, 275; Greater J .D. Williams, 6s. Sulphide Corporation, 13s 3d; Mount Morgan, 10s 8d; Mount Lyell, ox div., 31s; Broken Hill Proprietary, 64s 3d; Rawang Tin, 10s 4d: Placer Development, 79s 9d; Emperor, 12s sd. Morning sales included: Commonwealth bonds, 3? per cent., 1942, £101; 4 per cent., 1944, £lO3 10s; 4 per cent., 1950. £lO4 12s Gd; 4 per cent., 1957, £104; 4 per cent., 1961, £lO4 17s Gd; Union Bank of Australia, £9 10s; Tooths Brewery, 53s Gd; Associated Newspapers, 23s 41d; Anthony Hordern, pref., 23s 6d; Broken Hill Proprietary, 64s 3d; Colonial Sugar. £4B 2s Gd: Howard Smith, 21s 4Acl; Lustre, pref., 23s Gd.

MELBOURNE, 20th December

On the Stock Exchange to-day the markets were very dull with little variation in prices. Sales: Commercial Bank of Australia, 17s 3d; National Bank, £5 paid, £7; G. J. Coles, 85s 3d; Drug Houses, 2fis. Dunlop Perdriau, 235; ditto, pref., 37s 3d; Goldsbrough Mort, 33s 4d; Australian Paper Manuacturers, pref., 25s 3d; ditto, 10s paid, 14s. Electrolytic Zinc, 48s; ditto, pref., 50s 6d; Mount Morgan, 10s 7d; Mount Lyell. 31s; Broken Hill Proprietary, 645; North Broken Hill, 535; Broken Hill South, 36s f)d| Zinc Corporation, £5 7s; Emperor, 12s sd; Loloma, 17s 3d.

DAIRY PRODUCE IN LONDON The London butter market closed steady on Friday, according to a report received by the Primary Products Marketing Department and issued by the Dairy Board. New Zealand salted butter was quoted at 114 s, a rise of from 3s to 4s a cwt. on the week,

Friday's closing quotations, with those for the previous week in parentheses, were as follows: New Zealand: Salted, 114 s (110 s to Ills; a year ago, 99s to 100 s); unsaltcd, 115 s (115 s to 116 s, a year ago, 106 s to 108 s).

Australian: Salted, 113 s (108 s to 109 s); unsalted, 114 s (112 s). Argentine: Unsalted, 108 s to 110 s, ex. 112 s (106 s to 108 s).

Danish: 113 s f.0.b.; 115 s spot (130 s; 150 s to 151 s).

Dutch: Unsalted, 116 s, ex. 120 s (114 s). Lithuanian: Salted and unsalted, 114 s.

Retail prices in London are unchanged, New Zealand at Is 2d to Is 3d, and Danish at Is 4d to Is 5d a lb.

The basic rates fixed under the guaranteed price scheme, subject to quality differentials, are 123 s 8d for butter and 70s 4|d for cheese per cwt., f.0.b., New Zealand currency. The equivalent landed prices in London are 112 s for butter and 67s for cheese. The guaranteed price for butter is equal to 13.25 d per lb., f.0.b., New Zealand ports. The equivalent price for coloured cheese is 7.30 d per lb., f.o.b. and for white 7.36 d, compared with the guaranteed price of 7.54 d.

Deliveries of New Zealand butter last week totalled 3357 tons. The quantity in store in London on Friday totalled 2214 tons, as against 3680 tons a year ago. Deliveries of Australian butter were 2152 tons, the quantity in store being 1688 tons, as against 3013 tons a year ago

The cheese market closed quiet, quotations, with those for the previous week in parentheses, being as follows:

New Zealand: White, 65s to 65s 6d (66s 6d a year ago, 635); coloured, 64s 6d to 65s (65s 6d; a year ago, 635).

Australian: White, 62s to 63s 6d (63s to 655); coloured, 62s to 63s (02s to 645). Canadian: White and coloured, 72s to 745, 72s to 745).

English: Finest farmers’, 94s to 96s (945). Deliveries of New Zealand cheese last week were 21,229 crates, the quantity in store being 34.565 crates, as against 20,044 crates a year ago. Deliveries of Canadian cheese were 11,819 boxes, the quantity; in store being 153,498 boxes, as against 128,259 boxes a year ago.

MONDAY, DECEMBER 20, ]37. Buyers. Sellers £ s. d. £ s. d. 31°'-. I user. Stock, 15/3/1939-43 100 5 0 100 15 0 3$% Iuser. Stork, 15/11/1938-52 ... 101 2 6 — 4% Inscr. Stock,

15/6/1952-55 — 102 10 0 BANKSAustralasia 10 !5 0 11 1 0 Com. of Ansi, (ord.) 0 16 11 — National of N.Z. ...* 2 14 0 2 15 6 Nat. of A'asia (A110) — 0 14 4 Now Zealand 2 3 () — Now Zealand, 1) Long Term 1 9 0 — FI N A NTIA1 — Dalgety and Co — 9 7 6 Goldsbrougli, Moil', & ( o 1 13 0 — National Mortgage A ..... 2 8 0 N.Z. Invest'. Mort. & Hop — 0 9 3 Newton King (prof.) — 0 9 9 GASFoilding 0 2 0 — MliAl PRESERVING Gear Moat t 0 16 0 — Wgtn. Meat Export 0 8 0 — TRANSPORT-Hinldart-Parker (pf.) 1 8 0 — Union Steam (pi’.)t 1 6 0 1 7 0 WOOLLEN — Oamarii — 0 13 0 Tinnmi — 0 17 0 Wellington (prof.) ... 5 8 0 — COAL— Kaitangata 1 4 6 — Pukemiro 0 18 0 — TIMBER-Leyland-O’Brien — 0 18 6 Rotoiti (prof.) — 0 18 6 Taupo Totnra (ord.) — 0 6 9 Taupo Totara (picf.) — 0 18 6 Tuupo Totara (16s pd.) — 0 14 6 BREWERIESDominion t — 1 19 0 N.Z. Breweries 2 5 9 — Tooth am,l Co — 2 13 8 Quewdand — 1 7 o Mist ELI.ANEOUS— Anthony Hordern ... — 0 19 1 Brit. Tobacco (A ust.)* 2 9 9 2 11 0 Broken Hill Pty. ... 5 3 0 3 3 9 Burns, Philp, & Co. 2 14. 3 2 15 6 Claude Neon (Sydney) 2 8 0 — Colonial Sugar 47 7 6 47 17 6 Dental and Medical Supply 0 13 3 — Dunlop-Perdriau ... 1 2 6 — Electro. Zinc (ord.) o 6 6 2 7 Electro. Zinc (8% part pref.) 2 9 6 — Felt and Textiles ... 1 15 6 — G. J. Coles 4 4 6 4 4 9 Hume Pipe 0 19 0 — MncDuffs (old) (prof.) — 1 6 0 McKenzie’s — 3 14 0 National Electric ... 0 15 9 Shillings, Ltd 0 18 6 Taranaki Oil 0 7 3 Woohvortlis (N.Z.) (ord.) 1 0 0 1 1 0 Woolwortlis, Lt...d. (ord.) *• 1 5 8 1 6 0 Woolwortlis, Ltd. (2nd 1 8 9 1 9 3 Woolwortlis, Ltd. (1st Pref.) 2 0 0 — R. G. Kain (pref.) — 1 1 0 Victoria Laundry ... 0 18 9 — MININGArgo — 0 1 10 Waihi Grand June. . 0 2 7 — AUSTRALIAN— Broken Hill South t 1 17 0 1 17 6 Mount Morgan — 0 10 11 OVERSEAS LISTINGSWoohvorth Holdings 0 14 1 — UNOFFICIAL LIST Buyers. Sellers. Z s. d. £ d. Dominion Framers’

1 nsLil n( o — 4 12 0 Nalioniil ToUim. — 3 1 0 (A’nfiin.)i U.l 17 3 1 8 !) Woulworl lif>, (W. A.), 1 ilcl — 4 17 0