STOCK AND SHARE MARKET I

Nelson Evening Mail, Volume LXXIII, 13 June 1939, Page 10

STOCK AND SHARE MARKET I

WELLINGTON STOCK EXCHANGE ! MONDAY, JUNE 12. 1939. j

A. B. Kidson, Sharebroker. Country ' Member of the Wellington Stock Ex- j :hange, F. & D. Edwards, Ltd., Build- j ngs, Trafalgar Street. Telephone 208. F. G. Tvviss, Sharebroker, Country Member of Wellington Stock Exchange, I 103 Trafalgar Street. Telephone 427. B E. Barclay, Sharebroker and In- J vestment Consultant. Norwich Union Chambers. Hardy Street. Telephone; 1149. DAIRY PRODUCE IN LONDON The Dairy Board, by arrangement I with the Marketing Department, reports that at the close of business in London on Saturday, the New Zealand butter market was slow, as it was for the week before. Prices quoted for salt butters, with those for the week before, were:— June 2. June 9. Per cwt Per cwt. New Zealand 114 s 117 s to 118 s Australian .... 112 s Uss to 116 s Danish, spot 122 s 126 sto 127 s Polish 105 s to 109 s 110 sto 112 s Irish 113 s 117 s South African 112 s to 113 s Prices for unsalted butter are as follows: —New Zealand, 118 s to 120 s per cwt; Australian, 115 s to 117 s; Dutch. 112 sto 115 s; Polish, 110 sto 112 s: Lithuanian, 113 s to 114 s. The board is advised that the “the market is quieter at the end of the week.” The Imperial Economic Committee estimates stocks of butter in stores at 789,109 boxes, compared with 934,141 boxes at this time last year. TIIE CHEESE MARKET

RETAIL TRICES Retail prices for New Zealand butj ter and cheese are reported by the I Marekting Department as Is 2d per lb. : for butter, and 7d per lb for cheese, an | advance of Id per lb on both butter and cheese for the week. TALLOW AND HEMP MARKETS QUIET The Department of Agriculture lias received the following cablegram from the High Commissioner for New Zealand, London, dated 9th June:— Tallow: Market quiet. Present spot i quotations are unchanged. ! Hemp: Manila market quiet and easy “K” grade sold, June-August shipment, £l6. Closing sellers, £l6 ss. Sisal: Market dull and easier. Closing value June-August shipment, £l6 2s 6d. August-October shipment sold £l6 10s. GOLD MINING RETURNS lUnited Press Association) DUNEDIN, 12th June. Gillespies Beach return, 430 z 13dwts for 132 hours and 15.770 cubic yards. Okarito: 230 z lldwt for 105 J hours. Waitahu: A partial washup in No. 18 paddock yielded 40oz 9dwt for 25 eighthour shifts, making a total of 102ozj 6dwt from this paddock so far. AUCKLAND, 12th June. The Mataki dredge return for the week ended 9th June was 23 ounces for 139 hours’ work and 10,400 cubic

Buyers. Sellers. £ s. d. £ s. d. N.Z.GOVT LOANS 3% Inscr. Stock i 15/7/1939-41 9b 10 0 3., ,, Inscr. Stock. 15/1/1953-57 ... . 90 6 0 3|°o Inscr. Stock, 1 15/11 '1338-41 97 15 0 4.% Inscr. Stock. i 15/3/1940-43 .. . 93 10 0 99 0 C 4% Inscr. Stock. 15/4/1946-49 96 5 0 4 Inscr. Slock, 15/6/1952-55 97 10 0 3£% Bonds, 15,1 1 1953-57 90 5 0 Bonds, 15/11/ 1933-41 97 15 0 A list., Consol. Stk.. 4 p.c., 15/11/1950 ... 1.10 10 0 LOCAX, BODIES DEBENTURESEastbourne Bor., 4£° 15/12/46 99 5 0 Eastbourne Bor.. 4$ 15-12/47 99 5 0 Eastbourne Bor.. 4$'? 15/12/56 99 5 0 Auck. City 4$% 11/1944-45 00 17 6 — Auck. City, 4£% 1/1/1944-52 100 17 f» OTHER DEBENTURES N.Z. Farmers’ Co-op. 4£% 31/1/1954 . 81 5 0 BANKS— Com. of Aust. (ord.) 0 16 3 Com. of Aust. (pref.) 9 12 0 E.S. and A 4 19 9 New South Wales .. 30 15 0 31 12 6 Now Zealand * 2 0 0 Union of Aust. — 8 2 6 FINANCIAL— Abraham & Williams 0 9 6 Abraham & Williams Deb. Stock 0 16 9 _ Palgety and Co. ... 6 2 6 _ Equitable Bldg. Co. 0 11 0 — EuuitabJe Bldg. Co.. p.c. Perp. Deb. Stl 0 18 0 General I'inance 0 18 0 National Mortgage B* — 1 5 0 Newton King (pref.) 0 8 9 N.Z. Guarantee Corp. 0 3 .0 GAS— Christchurch 1 5 6 Christchurch (conb.) . — 0 13 0 P’eilding 0 2 1 — Gisborne . 0 6 0 Wellington (ord.) ... — 1 10 6 INSURANCE— National of N.Z. ... 0 16 5 Standard 2 11 6 MEAT PRESERVING—

N.Z. Refrig. (10s) ... 0 6 11 Southland 1 8 6 Wellington Meat Exp. 0 9 3 — TRANSPORT— Huddart Parker (ord.) 2 14 9 Huddart Parker (pref.) 1 11 6 WOOLLEN— ! Bruce 0 11 0 Kaiapoi 0 12 8 Oama ru — 0 15 6 TIMBER— Lcyland-O'Bricn 0 18 0 Rotoiti 0 3 1 _ Taringamutu 0 13 0 _ BREWERIES— Carlton ... 3 8 0 MISCELLANEOUS - Anthony Hordern ... 0 .15 0 0 16 0 Aust. Consol. Indus. 1 18 8 1 19 3 Broken Hill Pty. . . 3 7 6 3 7 9 Burns, I’hilp, & Co. 2 14 9 2 17 6 Claude Neon Lights (N.Z.) 0 18 0 Cosol. Brick and Pipe * 0 9 6 0 9 9 Dental and Medical Supply 0 10 0 Dunlop-Perdriau — 1 1 J.

Dunlop-Perdrittu 1'nf.j — 2 0 0 Electro. Zinc (3% part prel'.) 2 15 0 Pelt and Textiles ... 1 12 9 1 13 9 G. J. Coles (rights) .. 2 11 6 2 12 0 Henry Jones Co-op. 2 12 9 Hume Pipe 1 1 0 _

I.G.I. Aust. & N.Z. (pref.) 1 4 6 1 5 6 MacDuffs (ord.) — 0 2 3 MacDuffs (pref.) ... 0 6 0 0 6 9 McKenzie’s t 2 7 0 Moturoa Oil — 0 4 9 Moturoa Oil (pref.) ... — 0 4 9 Xational Electric ... — 0 13 9 N.Z. Drug 3 6 0 — N.Z. Farmers’ Fertiliser 0 16 0 N./i. Newspapers ... 1 11 0 — N.Z. Paper Mills ... 1 3 3 — Radio (1936) 1 0 0 R and E. Tingey (pref.) * 1 0 0 Taranaki Oil 0 6 9 Wilson’s (N.Z.) Cement * 0 17 9 0 IB 0 VVoolworths Ltd. (ord.) 1 3 10 — Wool worths (N.Z.) (ord.) * 0 19 0| VVoolworths (N.Z.) i (pref.) 1 17 0 VVoolworths Proper.* — 1 5 3 VVoolworths Properties (rights) 0 2 i Dominion Rubber ... — 1 0 6 C. M. Banks (pref.) - 0 14 0 Berlei (N.Z.) 3 4 6 Vitcoria Nyanza ... —- 0 13 6 MINING— Big River 0 0 6 — Maori Gully 0 0 8 0 0 9 AUSTRALIAN— Mount Lyell * 1 9 0 Mount Morgan 0 11 4 OVERSEAS LISTINGS — Wool worths Holdings (South Africa) ... 0 14 9 — UNOFFICIAL LIST Buyers. Sellers. £ s. d. £ s. d. Assoc. Motorists Petrol (pref.) 1 4 0 — Frozen Products Ltd. — 0 9 9

F.A.M.E. Insui. (i i 1 0 o John Duthie Ltd. (prep.) 1 1 U Matters (N.Z.) Ltd. 0 12 fa Selfridges (N.Z.), 16s paid 1. 9 0 — J. J. Niven ... 0 9 0 Wgtn. Perman. Build mg, £10 shares (fully puicl) .... 10 0 0 Brunner Collieries, £1 (fully paid) 0 2 0 *Cum div tEx div.

; The market for New Zealand cheese j was advised as “firm.” i Whoelsale prices for cheese compare Mas follows: — Jum 3 2. June 1 j Per cwt. Pe: wt i N.Z. white and 1 coloured 53s 6d j Australian— to 53s 59s to 60s j White .... — 56s to 57s I Coloured — 56s to 57s ! Canadian, white and 1 ! coloured 71s j Old season to 72s 71s to 73s i Canadian 82s to 82s 1 S. African 51s 6d j English farmers’ to 52s 52s to 56s j finest .... 90s to 100s 90s to 100s English factory — 51s