STOCK AND SHARE MARKET

Nelson Evening Mail, Volume LXXIII, 10 June 1939, Page 16

STOCK AND SHARE MARKET

i WELLINGTON STOCK EXCHANGE ' f• j FRIDAY. JUNE. 9. 1939

! AUSTRALIAN SHARE MARKETS SYDNEY, 9th June. | Business on the Sydney Stock Ex- ] | change to-day was inclined to sag in | the absence of sustaining advice from | overseas. Sales included:—Bank of < I New South Wales, £29; Com. Bank of Sydney, £l9 2s; Union Bank, £7 10s; Bank of Australasia, £8 10s; Howard ' j Smith, 19s 9d: British Tobacco, N.Z. 1 I delivrey, £2 8s 3d; Tooth and Co., £2 liißfilMiiiiiiiiiM I

12s 6d: Woolworths, Ltd.. £1 2s 3d; I Australian Cons. Industries. £1 16s; I Dunlop Perdriau, £1; James Stedman, j 13s 6d; Mort’s Dock. 15s 3d; Hume Pipe, I £1; Newbold Brick, £1 10s; Australian 'Guarantee Corporation. £1 2s Id; j Bradford Cotton. £1 17s 9d: Gibson and Howes, £1 11s; Cash Orders, 16s 3d; I Goldsbrough Mort., £ 1 ss; ElectrolyticZinc. £2 8s; ditto, pref.. £2 11s 3d; 1 Mount Morgan, 10s 2d; Broken Hill Proprietary, £3 3s: ditto, contributing, £2 16s 9d; North Broken Ilill, £2 6s; Placer Development. £3 11s 7d: Emperor Mines. 9s 3d; Loloma Mines, £1 1 2s 4d. Morning sales included: —CommonI wealth bonds, 3 3-8 per cent., 1949. £95 8s 9d; 3 7-8 per cent., 1954. £ 100 16s 3d: ;4 per cent., 1947, £IOO 18s 9d; 4 per j cent., 1950, £lOl 10s; 4 per cent., 1953, I £lO2 2s 6d; 4 per cent., 1959, £lOl 2s : 6d; Commercial Banking Co., of Syd- | ney, £l9 2s; Tooths Brewery, 52s 6d; i Broken Hill Proprietary, 63s 3d; Colon- ' ial Sugar, £45 7s 6d. MELBOURNE, 9th June. | Sales on the Melbourne Stock Exi change to-day included: —Commercial i Bank of Australia, 15s: ditto pref., : £8 13s: National Bank, £5 paid, £6 2s: Metropolitan Gas, £l3 13s; G. J. Coles, 'rights, £2 7s 6d; Hoyts, A pref.. 18s 9d; i Commercial Bank of Sydney, £l9; ! Mount Lyell, £1 6s 6d; Emperor Mine, I 9s 3d; Loloma Mines, £1 2s 3d; Broken j Hill Pty., £3 2s 9d; Broken Hill South, | £1 6s 6d: North Broken Hill, £2 5s 9d. A. B. Kidson, Sharebroker, Country i Member of the Wellington Stock ExI change, F. & D. Edwards, Ltd., BuildJ ir.gs, Trafalga- Street. Telephone 208. | F. G. Twiss, Sharebroker, Country | Member of Wellington Stock Exchange, ; 103 Trafalgar Street. Telephone 427. i E E. Barclay, Sharebroker and Ini' vestmeni Consultant. Norwich Union ! Chambers, Hardy Street. Telephone : 1145.

RETAIL PRICES OF MEAT IN LONDON i —• — ! The Meat Board has been advised by j its London office that the following retail prices were being quoted for New Zealand lamb and mutton retailed in , London during May. These prices represent a fair average of the prices quoted by the better class shops in London for the best quality:— New Zealand lamb: Legs, 12d a lb: shoulders, lid; loins, lid; necks, 6d; : breasts, 3d; forequarters, 8d; hindquar--1 ters, 10>}d. ! New Zealand mutton (wethers): Legs. 8d a lb; shoulders, 7d; loins, 7d: necks, j 3d; breasts, 2d. jCANTERBURY PRODUCE MARKETS | Uniteil A-wviario.il CHRISTCHURCH, 9th June. There has been little change in the Canterbury grain, seed and produce markets. Potatoes are, if anything, a shade easier, although the quotation to farmers remains nominally about £8 to £8 10s. Growers have been offering a little more freely. Two large shipments from Lyttelton should be available next week in Auckland, where stocks are re- ! ported to be fairly short. The Waikoua- i iti took 8200 bags from Lyttelton and Timaru. ChafT and oats are unchanged. There has been little activity in small seeds. Most of the offerings from the country have eased, and there has been no inquiry from overseas.

SHEEPSKINS AND HIDES There was keen competition for the large offering of sheepskins and hides at the sale held yesterday by the Wellington brokers. Sheepskins: Sound-pelted, full- j woolled lines showed little change on j last sale’s rates, but short wools and pelts were about £d to Jd a lb lower. Hides: Light and medium ox were unchanged, with heavy grades Id lower. Cow hides, also kip and yearling, showed an improvement of l-8d to Id a lb, while calf were Id to id better. The range of prices is as follows: Dry sheepskins: Halfbred, sid to 83d; fine crossbred, 7ld to 9d; medium crossbred, 6d to 9d; coarse crossbred, 61d to 9d; half-wools, s]d to B.Jd; quarter-wools, 43d to Gsd; pelts, l£d to 33d. Salted skins: Half-wools, to 3s 6d. Hides: Ox, 331 bto 441 b, s£d to 5 7-8 d; 451 b to 521 b, 6d to 6id; 531 b to 591 b, 4 3-8 d to 6 3-8 d; 601 b to 691 b, to 6 3-8 d; 701 b and over, 6d to 6 5-Bd. Cow, 331 b to 391 b, 3£d to 6 l-8d; 401 b to 481 b, 4 l-8d to 5 7-8 d; 491 b and over, 43d to 6 l-Bd. Kip, 251 bto 321 b, 4 5-8 d to 6 3-8 d; 171 b to 241 b, 5 l-8d to 7 3-Bd. Yearling, 111 b to 161 b, 6d to Bid. Calf, 91b to 101 b, 7id to 8 3-8 d; 61b to 81b| 7d to 10£d; lib to sth, s£d to lO^d. Tallow: In casks, etc., 6s a cwt. Sundries: Cow tails, B£d to 9Ad a dozen; horse hair, 21d a lb. PRICES OF METALS LONDON, Bth June. I The official quotations on the London; metals markets compare with those previously cabled as follows:

Bu.yc Sellers. £ s d. £ s. d. j N.Z.GOVT LOANS I 3% Inscr. Stock. 15/7/1939-41 96 10 ft 3J"., Inscr. Stock. 15'1 1953-57 91 2 6 22'n Inscr. Stock, 15/11/1938-41 ... 97 15 0 : 4",. Inscr. Stock. i 15/4 194(5-49 98 5 0 j 4% Inscr. Stock, i 15/6/1952-55 ... 97 ft ft — i M3|% Bonds. 15/1/ j 1938-41 97 15 ft — 1 1 Aust. Consol. Bonds. 4 3 p.c.. 15/11/1950 . lift 10 o 1 i LOCAL BODIES DEBENTURES — 9! Eastbourne Bor., 4,1% 0; 15/12/40 99 5 0 Eastbourne Bor.. 4pY j 15/-1 2/47 - 99 5 0 Eastbourne Bor.. 4$%, 15/12/56 99 5 0 Auck. City 41°. 11/1944-45 100 17 6 Auck. Citv. 4J%, 1/1/1944-52 100 17 6 — „ BANKS— Com. of Aust. (pf.» 9 14 0 New South Wales 320 10 0 New Zealand * 1 19 10 2 0 2 New Zealand D Long 6 Term * 1 7 ft Union of Aust — 8 2 6 FINANCIAL— Abraham & Williams 0 9 6 * Abraham & Williams Deb. Stock 0 16 9 - Dalgety'and Co. 6 2 6 - Equitable Bldg. Co.. 0 11 ft _ 1 Equitable Bldg. Co.. 5 p.c. Perp. Deb. Stk. ft 18 ft General Finance ... 0 18 ft National Mortgage B * 1 5 0 _ Newton King (pf.) — 0 8 9 N.Z. Guarantee Corp 0 3 1ft 1 N.Z. Invest. Mort. & Deposit 0 9 ft 0 10 0 GASj Christchurch (con.) 0 13 ft Feilding 0 2 1 I Wellington (ord.) . — 1 10 3 j INSURANCE— 1 New Zealand 2 13 6 i Queensland 3 0 0 (Standard 2 10 6 ! MEAT PRESERVING— ! Wgtn. Meat Export. 0 9 3 ]TRANSPORT— Huddart Parker (ord.) .. J. 2 16 9; Huddart Parker (pref.) Kelburn Tramwav (ord.) WOOLLEN— Bond’s Hosiery Mills 0 19 0 I 1 3 Bruce Kaiapoi j Oamaru u 15 0 0 16 0 Wellington (pf.) ... 5 0 - 1 TIMBER— Leyl and-O'Brien Rotoiti 0 3 1 Taringamutu 0 13 BREWERIES— Carlton .... 3 g N.Z. Breweries * miscellaneous — Anthony Hordern . 0 15 ft J Aust. Consol. Indus. 1 18 Brit. Tobacco (Aust ) — ] Broken Hill Pty. .. 3 7 9 ! Burns, Pliilp, and Co 2 17 6 Claude Neon Lights 1 (N.Z.) Colonial Sugar Consol. Brisk and Pipe .... * Dental and Medical Supply 0 JO Donaghy's Rope . 2 9 0 D.I.C. (pref.) j 0 — H I C. (pref.) ... 7 7 ft Dunlop-Perdriau Electro Zinc (8%, part pref.) 2 14 1 G. J. Coles (rights) . Henry Jones Co-op. 2 12 9 Hume Pipe 1 7 . i MacDuffr; (ord.) McKenzie’s f Milburn Lime 1 73 Moturoa Oil Moturoa Oil (pref.) — National Electric ... N.Z. Farmers’ FerN.Z. Paper Mills 1 3 Radio (1936) R. and E. Tingev (pref.) * 0 19 0 Taranaki Oil . .. -0 6 Wilson's (N.Z.) Cement * 0 17 3 Woolworths Ltd. <ord.) 1 3 jo 1 3 11 Woolworths (N.Z.) Woolworths (N.Z.) (pref.) Woolworths Proper* 1 5 3 Woolworths Properties (rights) __ 0 2 3 1 c Berlei (N.Z.) Dominion Rubber — 1 0 6 ; C. M. Banks (pref.) — 0 14 01 Victoria Nyanza ... — 0 13 6 j MINING— Maori Gully 0 0 74 0 0 y » AUSTRALIAN— N.Z. Crown Mines . 0 1 9 New River — ft 011! Mount Lyell * — 18 6 1 *Cum div. iEx iv. <

June 7 June 8 Per ton Per ton. £ s. d £ s d. Copper— Standard, spot 42 7 8 42 3 1* 7J Ditto, forward 42 13 is 42 10 Electrolyti 48 10 0 47 15 0 to--48 15 0 48 10 0 Wire Bars Lead — 48 15 0 48 10 0 Spot 14 8 li 14 8 n Forward Spelter— 14 11 0J 14 10 H 1J 14 1 10A Forward Tin— 14 7 Spot 225 17 6 225 12 6 Forward Silver — 223 12 6 223 2 6 Standard, per o z 19 15 16d 19 1516d Fine . 21 *c 21 Jd