COMMERCIAL NEWS

Nelson Evening Mail, Volume LXXIII, 12 June 1939, Page 12

COMMERCIAL NEWS

STOCK AND SHARE MARKET WELLINGTON STOCK EXCHANGE SATURDAY, JUNE 10, 1939.

A. B. Kidson, Sharebroker, Country

I Member of the Wellington Stock ExI change, F. & D. Edwards, Ltd., Buildings, Trafalga- Street. Telephone 208. j F. G. Twiss, Sharebroker, Country ' iVjniber of Wellington Stock Exchange, 103 Trafalgar Street. Telephone 427. D E. Barclay, Sharebroker and Investment Consultant. Norwich Union Climbers, Hardy Street. Telephone 1145. TOPS MARKET FIRMER I U.P.A.—B.v Electric Telegraph -Copvrieht LONDON. Bth June. The Bradford tops market is firmer with fair business, mostly in Governments orders. Recent quotations are:— Merinos

PRICES OF METALS LONDON. 9th June. The official quotations on the London ! metals markets compare with those

Quotations for other metals, with those for 2nd June in parentheses, are as follows: Pig Iron.- Home trade. 99s a ton (same): export not quoted. ■ Antimony.—British, £7O 10s a ton (same); foreign, £49 10s a ton, nominal ! (£SO).

Molybdenite-40s a unit, nominal (same). Wolfram.—Chinese, 49s 9d a unit; j nominal (49s 6d). TIN IN NEW YORK NEW YORK, Bth June. ! T ‘n is quoted at 48.65 cents a lb. SOUTHERN PRODUCE il'niieU Press Association! CHRISTCHURCH. 9th June. There has been but little change in the Canterbury grain, seed, and produce markets. Chaff and oats are unchanged. There has been little activity in small seeds. Most of the offerings from the country have ceased, and there has been no inquiry from overseas. MINING RETURNS GREYMOUTH. 10th June. The Bundi Dredge return to 7th June (94 hours and 9486 yards dredged) was 8502 14dwt lOgr. The Nemona Dredge return for 132 hours and 10,200 yards treated was 390 z 2dwt. MOSSY CREEK RETURN Mossy Creek gold return is 21oz for 5183 yards in 108 hours. POTATO PRICES EASIER j CHRISTCHURCH, 9th June, ! Potatoes are. if anything, a shade easier, although the quotation to farmjers 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 reported to be fairly short. The Waikouaiti took 8200 bags from Lyttelton and Timaru. LONDON INVESTMENT MARKETS LONDON, 9th June. The investment markets have finished I in a lame fashion under the impact of the poor reception given to the Australian loan. This has come as a blow to the giltedged section of the market. In addition there is a recrudescence of alarmist rumours concerning the international situation. Business has ngain dwindled to negligible proportions. Prices of shares based on commodities have weakened appreciably, and commodities themselves have relapsed into a stute of quietude, though the reserve displayed by sellers has prevented prices from slip-1 p mg. I PRICES OF RAW MATERIALS | LONDON, 10th June. Friday's closing prices for the folowing raw materials were as folows, those for 2nd June being shown in parentheses:— Cotton Liverpool quotation, good American middling, spot, 5.77 d a lb (not quoted); July delivery, 5.08 d a lb (not quoted). Rubber: Para, a lb (same); plantation smoked ribbed sheet, 8 5-16 d a lb. (same). Jute: June-July shipment, Indian jute, Dundee quotation, £25 5s a ton (£26 Us 3d). Copra: June-July shipment, sundried, South Sea. to London or Rotterdam. £lO 10s a ton (same); smoked, to Marseilles or Genoa, £lO 7s 6d a ton (same); plantation, Rabaul to London or Rotterdam, £ll 7s 6d a ton (same). Linseed oil: £27 15s a ton (£27 10s). Turpentine: 34s 3d a cwt (32s 9d). A GOOD INVESTMENT! /CERTAINLY, a young man’s best investment is an IC S. Course of specialised study which gives him that additional knowledge and training so essential in successful business. Choose one of the 300 I.C.S. Home Study Courses and invest in success TO-DAY! Accountancy Matriculation Drafting Mechanical F.ng. Diesel Eng Radio Mechanic Welding Fitter & Turner Civil Eng. Motor Mechanic’s Chemistry “A” Grade Exam Without obligation, send for Free Prospectus, stating your subject, trade, or profession Advice gladly given INTERNATIONAL CORRESPONDENCE SCHOOLS Dept. N, 182 Wakefield-st., Wellington.

Buye rs. Sellers. £ s d. £ s. d. N.Z.GOVT LOANS— 3% Inscr. Stock J5/7/1939-41 GjV;, Inscr. Stock. 96 10 0 - 16/9/1939-43 — 98 15 0 3f% Inscr. Stock, 15/11/1938-41 4% Inscr. Stock, 97 15 0 - 15/3/1940-43 98 10 0 99 0 0 4% Inscr. Stock, 15/2/1943-46 4 ,. Inscr. Slock, 98 0 0 15/4/1946-49 ... 4% Inscr. Stock, 98 5 0 15/6/1952-55 97 10 0 98 10 0 4 Inscr. Stock 3|% Bonds, 16/11/ LOCAL BODIES DEBENTURES- _ Eastbourne Bor., 4J% 99 5 Eastbourne Bor.. 4$"{ 99 5 Eastbourne Bor., 4J? 99 5 0 Auck. City 4$% 11/1944-45 100 17 6 — Auck. City, 4i% 1/1/1944-52 100 17 6 OTHER DEBENTURES N.Z. Farmers’ Co-op. 41% 31/1/54 81 10 0 BANKS— Australasia 9 16 6 Com. of Auat. (pref.) 9 14 0 .New South Wales ... 30 10 0 31 12 6 New Zealand. D Long Term * 1 7 0 Union of Aust FINANCIAL— 8 2 6 Abraham & Williams Abraham A Williams 0 9 6 - 1 >eb Stock 0 16 9 General Finance 0 18 0 National Mortgage B* — i 5 0 Newton King (pref.) 0 8 6 N.Z. Guarantee Corp. N.Z. Invest. Mort. & 0 3 10 — Deposit 0 9 0 0 10 0 GASChristchurch 1 5 6 Christchurch (coni./ . 0 13 0 Foilding Wgtn. (ord.) 0 2 1 1 10 3 Wgtn. (pref.) * INSURANCE— 1 2 8 New Zealand 2 13 0 Queensland 2 16 6 2 19 0 Standard 2 11 9 MEAT PRESERVING— N.Z. Refrig (10s) ... 0 6 10 Southland Wellington Meat Exp TRANSPORT— Huddart Parker 0 9 1 3 9 6 (ord.) 2 14 9 2 16 0

Kelbum Tram wav (ord.) WOOLLEN--.1 3 0 Brtice 0 11 0 Kaiapoi 0 12 9 Oamaru 0 15 9 Wellington (ord.) 5 5 0 Wellington (pref.) . 5 0 0 TIMBER— — Levland-O’Brien — 0 18 0 Rotoiti 0 3 1 _ — Taringamutu 0 IS 0 BREWERIES— - Carlton 3 8 0 N.Z. Breweries ...* — MISCELLANEOUS — 1 18 6 Anthony Hordern ... 0 15 0 0 15 9 Aust. Consol. Indus. 1 19 9 Brit. Tobacco (Aust.)* — 2 11 11 Broken Hill Pty. ... 3 7 3 3 7 9 Burns, Philp, & Cu. 2 14 6 Claude eNon Lights 2 17 0 (N.Z.) 0 18 0 Claude Neon Indus. .1 12 6 Colonial Sugar ... Consol. Brick and 50 r ' 0 0 Pipe * 0 9 9 D.I.C. (pref.) 1 1 0 — Dunlop-Perdriau 1 1 8 DUnlop-Perdriau . — 2 0 0 Electro. Zinc (old.) — 2 12 3 Felt and Textiles ... 1 12 9 1 13 9 G J. Coles (rights) 2 11 3 2 12 0 Henrv Jones Co-op. 2 12 9 — Howard Smith (ord.) 1 1 0 — Hume Pipe 1 1 0 — AlacDuffs (ord.) 0 2 1 MacDuffs (pref.) 0 6 0 0 6 9 McKenzie’s t 2 7 0 Moturoa Oil 0 4 0 0 4 9 National Electric .. — 0 .13 9 N.Z. Drug ... 3 b 0 N.Z. Farmers’ Fer- — tiliser 0 16 0 N.Z. Paper Mills .1 3 3 _ Radio (1936) — R and E. Tingey 1 0 0 (pref.) * 0 19 0 1 0 0 Taranaki Oil 0 7 2 Wool worths Ltd. — (ord.) 1 3 10 Woolworths (N.Z.) — (<>rd.) * - Woolworths (N.Z.) 0 19 0 (pref.) — 1 17 0 Woolwoflha Proper.* — Woolworths Properties 1 5 3 (lights) 0 1 11 0 2 4 Berlei (N.Z.) — 3 4 6 Dominion Rubber ... — 1 0 6 C M. Banks (pref.) 0 14 6 \ ictora Nyanza ... — 0 13 6 Quill Momss — AUSTRALIAN— 0 19 0 Mount LyeJl * — 1 8 9 Mount Morgan — OVERSEAS LISTINGS — Woolworths Holdings 0 U 4 (South Africa) ... 0 14 9 UNOFFICIAL LIST Buyers. Sellers. £ s. d. £ 8. d. F.A.M.E. insur. (pref.) — Selfridges (N.Z.), 16s 1 0 0 paid 1 9 0 Taranaki Oil Develop- — ments 0 2 6 Wgtn. Perman. Building, £10 shares 0 3 0 (fully paid) — *Cum div. tEx div 10 0 0

May May May June 4. 11. IB. 26. 1. B. Seventies 26 26 26 26 26 26 Sixty-fours 244 24.* 24£ 24J 244 25 Sixties .. 234 234 23J 234 234 24 Crossbreds Fifty-eights . 21 21 214 214 214 22 Fiftv-sixes .. 19 19 20 20 20 20 Fifties . 17 17 17 17 17 17 Forlv-sixes .. *164*164*164*164*164*17 Forties *164*164*164*164*164*17

previously cabled as folows: June 8. Ji nc 9. Per ton. Per ton. £ s d. £ s. d. Copper--Standard, spot 42 3 1! 41 18 H Ditto, forward 42 10 42 4 4J Electrolytic ... 47 15 0 47 10 0 to 48 10 0 48 10 0 Wire Bars 48 10 0 48 10 0 Lead — Soot 14 8 H 14 10 0 Forward 14 10 n 14 11 104 Spelter— Spot ... 14 1 10i 14 3 H Forward 14 5 74 14 5 Tin— Spot 225 12 6 225 2 8 Forward 223 2 6 222 12 6 Silver— Standard, per 07. 19 15-16d 19 7 8d Fine 21 d 21 716d