STOCKS AND SHARES

New Zealand Herald, Volume 78, Issue 24106, 27 October 1941, Page 3

STOCKS AND SHARES

AUSTRALIAN MARKETS BROKEN HILL SOUTH FALL Broken Hill South shares foil sharply 011 the Sydney Stock Exchange on Saturday following the chairman's warning that the present rate of dividend may not continue. After 100(1 had been sold the market closed 9d lower at 2(is 6d. Other Barriers were nominally unchanged. Investments were dull, but* ft fairly steady tone was maintained. Sales included: —■Commercial Banking Sydney, IM<; ISs; Toohoy's Brewery, 28s dd; Australian (las A, 90s; Australian Alloy Steel, 7s; Electrolytic Zinc, 51s Od; 1.C.1, (pref.), 2ls <1 l / 2 d; United Provisions. 9s 2d; Woolwort lis Properties, 21s; Broken Hill South, 275, •_'() 10' ad, 2<>s Od, 20s 7'/id, -Us (id; Triton, 3s id; Wellington Alluvials, lis <id; Rawang Tin. 8s 9d. , Business in Melbourne on I riday included the following transactions: —Carlton Brewery, (Ms })d; Associated Pulp. 37s (id; Australasian Paper, 35s 3d; A.C.1., -Ms; ditto (pref.), lis; Australian Iron and Steel (pref.), 28s (id; Broken Mill Pty., :i7s (id; ditto (con.), lids Jul; Electrolytic Zin<\ 51s (id; United Provisions, 9s; Yarra Falls, 455; North Broken Hill, Mount Morgan, 8s ltd. 8s lOd; Loloma, '2ss 3d. Tho New Zealand Stock Exchanges will be closed to-day on account of the Labour Day holiday. Business will be resumed tomorrow. SECURITIES IN LONDON LONDON, Oct. 23 Quotations in London for British and NewZealand stocks compared with recent levels " Oct.!) Oct. 10 Oct. 2.'5 Consols, 2Yi p.c. .. £82% £82% £82% j Funding, 00-00, 4.. 114% 114Va 11-l'/ij War Loan, 3% .. lO'i/a JOO 100% British 3% Conv. .. 10GV4 105*/,,, Victory Bonds .. 113 113% 113% New Zealand—-1948-58, 4% .. 1027, 102% 99% 1915, 3. . . . 99% 99% 99% COUNTRY STOCK SALES VALUES AT MAT AM ATA The Farmers' Auctioneering Company reports tho following prices at Matamata: — Medium prime shorn wethers, 21s to 255; heavy prime woolly hoggets, to 295; medium prime black face woolly hoggets, 24s Oil to 25s Gd; light fat woolly ewos, to 10s; lightshorn ewes, to 9s; forward conditioned while face wether hoggets, to 22c Id; forwardconditioned black face wether hoggets, 20s to 21s Od. Prime ox beef, £l2 10s; light fat, steers. Lit; fat Jersey steers, £5 9s; heavy prime Polled Angus cows and heifers, £9 12s (id to £1.0; heavy Fricsian and Shorthorn cows, £0 5s to £6 13s; medium fat Jersey heifers, £0 to £d fid; light, £1 15s to £5 2s; medium fat Jersey cows, £1 17s to £5 19s; boner cow.-, 35s to £3 12s; sound and empty young cows, £2 10s to £3 17s; yearling Jersey heifers, £o 1-8 (id to £0 Os; others. £3 10s lo £4 <s Or.. Young Jersey cows, £l3 10s to £l-; s'°u"K Fricsian cows, £l2 to £ls; older cows, £l<> 10s to £l2 10s; good quality springing heifers £ll 10s to £l3; more backward heifers,' £8 His to £10; best yearling pedigree Jersey hulls, lftgns to 26/ 2 gns; twovear pedigree Jersey bulls, lOgns to I'»»*> grade Jersey bulls, £3 to £5 10s. Hca\j. choppers, £2 9s to £3 7s; others, lls to £*2 4s; medium and lijjht baeoners, £•» ->s . to~€.'VlOs; buttermilk piers and heavy porkers, I e° 11a to £ii 3s; medium porkers, £2 ins j to" £2 148; light. £2 2s to £2 8s; stores 4> 7s Od to 02; slips, 20s to 2<>s Gd; best weaners. 12s to 18s 0(1; others. 5s to 10s; sows with litters, £3 5s to £4 12s Od; Berkshire boars. 30s. MORRINSVILLE STORE FIXTURE The Farmers' Auctioneering Company conducted a special sale of store cattle at Morrinsville recently, when a yarding of 1500 head came to r ivard. A very keen demand existed for the older cattle and two-year heifers, but yearlings were not so eagerly sought, although vendors met the market, and practically a total clearance resulted. Four-year Polled Angus steers made £9 19s to £lO 10s; three and four-rear steers, £9 5s to £9 Ids; threeyear Hereford steers, £9 8s; smaller threeyear PA steers. £8 lis to £9; well-grown two-voar P.A. steers, £8 10s to £8 13s; others, £7 9s to £8; well-grown two-year Hereford steers. £9 lis; medium two-year Hereford steers £S 2s fid to £8 (is; good yearling P.A. steers, £5 17s to £0 Os; others, £5 5s to £5 lis; yearling Hereford steers, £5 12s Od; two-year P.A. heifers. £0 Is to £7 12s; two-year Hereford heifers, £0 12s to £0 19s; * forward-conditioned empty cows. £7 5s to £7 J9s; lighter. £6 12s Od to £0 173 Od; medium empty Hereford cows, £0 12s; Shorthorn and Jersey-cross cows, £4 19s to £5 9s. TE AWAMUTU OFFERING The Ix>an and Mercantile reports a very heavy yarding of all classes of stock at To Awamutu. Practically everything was sold. Tho yarding was composed entirely of stock from "farms in the district. Fat woolly wethers made 24s to 29s dd; fat shorn hoggets, 22s (id to 245; shorn fat ewes, to 1-ls; ewes and lambs, all counted, 9s dd to 10s 3d. Fat steers, £lO 17s Od to £l4 10s; fat heifers. £0 17s Od to £lO 4s; fat Jersey cows, £5 10s to £0 15s; ditto, heifers, £0 15s to £7 12s; yearling Polled Angus steers, to £0; coloured steers. £0 2s to £7 16s. Jersey heifers: Best coloured and fcrown, £0 10s to' £7 (is; medium, €5 to £0; smaller and poorer £2 to £l. Service bulls, £5 to £9 10s. Choppers. £3 to £5; baconers. £3 15s to £4; porkers, £2 15s to £3. From the Pollard herd top cows made £l4 to £ls 10s- medium, £lO to £l3; lighter, £8 to £lO. FOREIGN EXCHANGE Closing telegraphic rates for purchases and sales of foreign exchange Auckland on overseas centres on Saturday were supplied by the Bank of New South Wales as follows:October 25 T.T. T.T. Buying Selling New York. dol. to £ . . 3.2512 3.2050 Montreal dol. to £ .. 3.0039 3.5290 Java. fl. to £ . . .. 0.1*7 6.001 Manila, pesos to £ . . 0.559 0.4-12 Hongkong, pence to dol. IS% lit 1-32 India, pence to rupee .. 22 3-10 *22% Ceylon, pence to rupee . 22 3-16 22% Singapore, pence to dol. 3141-04 35 30-64 S. Af.. £N.Z. £S.A. 100 123 125/5/London, £N.Z. £st. 100 124/7/6 125 Australia, £A. £N.Z. 100 100/10/- 100 Fiji, £F. £N.Z. 100 . . 90 ' 88/12/6 QUOTATIONS IN LONDON LONDON, Oct. 24 Foreign exchange rates are:—New York (dollar), 4.03; Montreal (dollar), 4.45; Switzerland (fr.), 17.35; India (rupee), Is Od; Hongkong (dollar), 15d; Argentine (pesos), 17.01.'it 1 : Stockholm (kr.), 10.90; Shanghai. 3 J-ti ld SIIAREMARKET INDICES London: Fin. Times (1920 equals 100): — Govt. Kails lndust. Cold 1910 (high) . 111.7 58.0 101.6 200.4 1010 (low) .. 101.8 31.9 01.1 138.S October 23 .. 111.4 50.9 98.1 172.7 October 24 .. 114.3 50.7 98.7 172.7 New York: Dow Jones (1920 equals 100): — 20 Rails 30 lndust. Shares sold 1940 (high) . 32.07 152.80 1940 (low) .. 22.15 111.84 October 23 .. 28.59 120.47 540,000 October 24 .. 28.01. 121.18 700,000 October 25 . . 28.57 120.73 270,000 NGAIIERE DREDGE STOPPED Ngahere Gold Dredging, Limited ('West Coast), reports that the dredge has stopped working owing to n breakdown of the main drive motor, which has been sent to Christchurch for repairs.