STOCK AND SHARE MARKET

Nelson Evening Mail, Volume LXXII, 6 December 1938, Page 12

STOCK AND SHARE MARKET

UNOFFICIAL LIST. Wool worths Properties (20s pd.) ...* 15 3 N.Z. Perpetual Forests 1 16 0 Selfridge’s (A’asia), Ltd , A. D. Riley (pref.) 0 19 0 J. J. Niven 0 10 0 Wool worths (W.A.), Ltd Paris Crown Seal ... 0 10 0 0 13 0 A. 13. Kidsoti, Sharebroker, Country Member of the Wellington Stock Exchange, F. & D. Edwards Ltd. Buildings, Tiafalgar Street. Telephone 208. F. G. Twisa, Shaiebroker, Country Member of Wellington Slock Exchange, 103 Trafalgar Stieet. Telephone 427. D, E. Barclay, Sharebroker and Investment Consultant, Norwich Union Chambers, Hardy Street. Telephone 1145. BRITISH EXPORTS ■ U P A —Hv Blvtrle Tfcli'orraptt doovrlehi LONDON, 4th December. The City has welcomed the announcement by the Secretary of the Department of Overseas Trade as to German trade methods, particularly as it followed some hints that re-arma-ment finance would be such as would avoid increased taxation, but would rather favour the raising of loans. If this should be the course taken, it would Indicate the anxiety of the Government to maintain civil production for the export trade. However this may be, some financial commentators on the present economic situation doubt whether the purely internal efforts of the export industries will be sufficient in themselves. having regard to the German State backing of an export trade drive. The German resources are held to be superior to tlie British cartel funds. | The statement of the Secretary of the Department of Overseas Trade above I referred to was in effect that, if necesj sary, E. fish industry would be so orj ganised as to combat German trade [methods in South-eastern Europe and

generally in the markets of the world. New methods would be introduced as new situations arose. The form of j those methods was under the consideration of the Government. British trade would continue to be conducted along "orthodox and tradition financial lines.” THE COPPER MARKET lU.P.A.—By Electrio Teleerraph-CJoDvriebtl LONDON, 4th December. The bullish interpretation of the reimposition of the copper quota last week failed to prevent copper leading a sharp decline, placing the American ! export price below the domestic price, j which possibly may be undermined. ; PRICE OF SILVER I British Official Wireless! RUGBY, 3rd December. Silver.--Spot, 20Jd per oz; forward, 19gd. fUnited Press Association! MURCHISON, 3rd December. The Mataki Junction return for the week ended Ist December was 490 z for 130 hours from 21,000 yards. PRICES OF RAW MATERIALS Friday's closing prices for the following raw materials were as follows, those for 25th November being shown in parentheses:— Cotton. —Liverpool quotation, good American middling, spot, 5.14 d a lb (5.22 d); January delivery. 4.79 d a lb (4.86 d). Rubber.—Para. 7£d a lb plantation smoked ribbed sheet, 8d a lb (same). jute.—Deeember-January shipment. Indian jute, Dundee quotation, £lB 13s 9d a ton (£lB 15s). Copra.—Deeember-January shipment. | sun-dried South Sea, to London or Rotterdam, £9’ 5s a ton (£9 7s 6d); smoked, not quoted (£9 7s 6d); plantation. Rabaul to London or Rotterdam, £lO 2s 6d a ton (£lO ss). Linseed Oil.—£2 5s a ton (same). Turpentine.—32s 3d a cwt (335). EGGS TO BE CHEAPER LONDON, 4th December. The general heavy stocks of eggs due to the mild weather in Europe suggest that prices will be lowered this week. BRADFORD TOPS LONDON, 3rd December. T,.e Bradford wool tops market needs filling. Quotations for crossbreds are maintained but users are unwilling to buy at prices dictated by the New Zealand and London sales. HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following cablegram from the High Commissioner for New Zealand, London, dated 2nd December, 1938:—■ Tallow. —Market continues quiet; moderate business has been done; for shipments present spot quotations are: Mutton, fine 255, good 21s 6d to 225, fair 17s to 17s 6d; beef, fine 21s to 225, good 18s to 18s 6d, fair 16s 6d to 17s; mixed, good 18s to 18s 6d, fair 16s 6d to 17s, gut 16s to 16s; mutton, dark to dull, 16s to 17s; beef, dark to dull, 15s to 16s. Hemp.—Manila: Market quiet but steady, values unchanged. Sisal: Market firmer early this week, easier at the close. December-February shipment now quoted £l6 13s; February-April shpiment sold £l6 17s 6d. New Zealand : Nothing to report; values nominal. Eggs : Market steady. English national mark, mediums, standards and specials, 19s to 245; English ordinary pack, 1515Jlbs, 19s to 20s 6d; Danish 14-181bs 12s to 16s; Australian 14-181bs 10s 6d to 13s fid. New Zealand: Wairangi cleared, Tamaroa on sale. Prices slightly higher; 14-161bs 10s to 12s 3d. Peas.—Maples: Market quiet; "A" grade Tasmanian sold early last month 60s, February-March shipment. No. 1 New Zealand March-April shipment sold 54s 6d. Now offered 55s to 55s fid, 1 which is above buyers’ ideas. MINING i ARGO Return of Argo Gold Dredging Com- | pany, Limited, for the week ending 3rd December:—73 ounces, 133 hours, 14,500 yards. BIG RIVER Report of Big River Gold Mines Limited for the week ending Ist December: No. 5 level: North stope: Stoping com- \ menced. Stone 5 feet wide. North \ stope S.E.: This stope has increased in j width. Now 5 feet 6 inches wide. Winze: jj Chamber completed and sinking com- I j menced. No. 6 level: Met stone 1 foot 11 wide and carrying good gold. Striking !j into footwall. Battery: 25 tons of stone j j sent to the battery. WHITE’S ELECTRIC Official return of gold won by White’s ! Electric Company’s dredge during the i week ended Ist instant:—47ozs of gold l ' from 6500 yards treated in 113 hours |j dredging time. NEW RIVER Official return of gold won by the j I New River Company’s dredge during j the week ended Ist Instant:—4oozs of ! gold from 9000 yards treated in 121 j 5 hours dredging time. BITE FROM KATIPO SPIDER lUnitmt I'm-hs Artßitcialinnl AUCKLAND. 4th December. Partly blind and deaf as the result, it is suggested of a bite from a katipo spider which attacked him as he sat in his motor truck near the Henderson bus stop on Friday night, Mr J. Sinko- i vich, farmer, aged 24, was hurried to a doctor and given treatment which j enabled him to make a rapid recovery, j His hearing and sight were fully re- , stored by Saturday night. Mr Sinkovich, who lives in Hendor- | j son, had driven to the bus stop, about; two miles from his home, to meet his brother. While he was seated in his I truck he felt a stinging sensation in j his neck and shortly afterwards in I the region of his stomach lie caught a spider and placed it in a matchbox. ! By the time his brother arrived Mr j Sinkovich found lie could not see clear- j ly and his hearing was defective His brother drove the truck home, and Mr Sinkovich was put into a hot bath. His condition did not noticeably improve

und lie was taken to a doctor, win ordered appropriate treatment.

WELLINGTON STOCK EXCHANGE MONDAY, 5th DECEMBER, 1938. Buyers. Sellers. £ s. d. N.Z. GOVT. LOAN’S— 3Jj% laser. Stock, £ s. d. 15/5/1939-52 — 4% laser. Stock, 97 10 0 15/2/1943-46 4% laser. Stock, 98 15 0 15/4/1946-49 _ 4% laser. Stock, 98 15 0 15/5/1949-52 96 17 6 4% laser. Stock, — 15/6/1952-56 98 0 0 — LOCAL BODY DEBENTURES— Chch. Dge., p.c., 30/6 62 Alt. Eden Boro., 4i 102 0 0 p.c., 1/4/49 — BANKS— 101 0 0 Australasia 9 15 0 Comm. of Aust. 10 1 0 (ord.) 0 15 10 — National of N.Z. * 2 7 3 2 7 9 New Zealand * 2 0 8 New Zealand D Long 2 10 FINANCIAL— N.Z. Guarantee 1 7 3 Corp — N.Z. Invest. Mort. & 0 4 3 Dep N.Z. Loan & Merc. 0 9 9 (Load, reg.) — Wgtn. Invest. T. and 35 0 0 A — 0 9 6 VYgtn. Trust Loan — 4 19 0 General Finance ... — 0 18 6 Wright, Stephenson — GAS— 12 3 Auckland — INSURANCE— 0 18 10 National of N.Z. ... — 0 15 10 South British — MEAT PRESERVING— 2 3 6 Gear Meat — 0 14 6 N.Z. Refrig. (£1) 0 17 1 _ N.Z. Refrig. (10s) ... — TRANSPORT— Huddart - Parker 0 8 0 (ord.) 1 8 6 Kelburne Tramway — (ord.) — WOOLLEN— Bond’s Hosiery 1 3 0 Mills 0 14 8 — Manawatu 13 0 Mosgiel 9 9 0 Wellington (ord.) ... — COAL— Westport - Stockton 4 13 6 (prel\) — TIMBER— 0 7 0 Kauri 115 Leyland-O’Brien ... — 0 15 0 Rotoiti — 0 3 5 Rotoiti (pref.) — BREWERIES— 0 16 9 Dominion * 1 12 0 — N.Z. Breweries ...* 1 18 9 1 19 6 Tin MISCELLANEOUS— British Tobacco 2 8 0 (Aust.) 2 6 5 Brit. Tobacco (65 — p.c., pref.) 1 12 0 Claude Neon Indus- — tries 1 12 6 Colonial Sugar 46 0 0 47 2 6 Denhard (ord.) ... — Dental and Medical 0 8 0

Supply — 0 13 6 Dunlop-l’erdriau . — 1 0 6 Electro. Zinc (ord.) 2 4 6 2 5 6 Electro. Zinc (8 p.c. part pref.) 2 8 0 2 9 0 Farmers' Trading ... — 0 19 8 Felt .and Textiles ... — 1 11 6 0. J, ColeB 3 18 6 3 18 9 Howard Smith (ord.) — 0 19 6 I.C.l. Aubt. and N.Z. (pref) — 1 3 0 MacDuft's (ord.) — 0 3 9 Mac Du ft's (pref.) ... 0 12 6 McKenzie’s * — 2 16 0 Moturoa Oil (pref.) . — 0 5 0 National Electric ... — 0 L4 3 N.Z. Drug 3 4 9 Wpolworths, Ltd. (ord.) — 1 0 11 Wpolworths, Ltd. (2nd pref.) — 1 9 8 Wool worths (N.Z.) (ord.) * 0 19 0 Victoria Laundry t 0 17 6 — Smith .and Smith (pref.) — 1 0 9 David Jones (1st pref.) — 1 6 6 MINING— Rig River — 0 1 1 Blackwater 0 17 0 Gillespie’s Reach ... — 0 0 11 Nemona — 0 1 4 New River * 0 1 0 AUSTRALIAN— Broken Hill South * — 1 9 6 Mount Lyell * 1 8 0 1 8 9 Mount Morgan ...* — 0 9 6