COMMERCE AND FINANCE

Otago Daily Times, Issue 21983, 19 June 1933, Page 12

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE Commercial Banks were wanted at 16s 2d when the market closed on the Dunedin Stock Exchange on Saturday, and a sale was later reported at that figure. National Insurances were asked for at 16s 9d, but sellers were unwilling to do business at less than 17s 3d. Up to 12 was offered for National Mortgages, the best selling quotation being £2 12s. Ihe offer for Okaritos was 10s 6d, only lcl separating buyers and sellers at the close of the market. The demand for Government Loans continued to-be firm. SALES REPORTED.

/dividends payable. The following is a list of shares on which dividends will! shortly be payable: —! Australian Glass, Is 2 2-sd, final June 22 Broken Hill South, Is .. .. June 23 Bank of \N.Z., Is, final .. .. June 24 North Broken Hill, Is .. .. June 29 Goldsbrough, Mort, 6d, final .. June 29 British Tobacco, 3 3-sd, interim June 30 N.Z. Breweries,,B 2-sd, final .. .July National Mortgage (£2 paid), Is, interim ....... .. .. July 1 National Mortgage (£1 paid), 6d, interim .. .".' .. July 1 N.Z. and River Plate, 7 l-sd, interim July 1 I NORTHERN EXCHANGES (Peb United Pbess Association.? The following business was done on 'Changes on Saturday:— Auckland.—Sales: Stock (1939-52), 3J per cent.. £99 log; Stock (1940), 4 per cent., £100.15s; Commercial Bank of Australia, 16s Id; New Zealand Insurance, 49s '9d; Goldsbrough, Moi't., 27s Oct; Auckland Gas, 23s sd; Kauri Timber, 13a; Colonial Sugar, £56 ss; Wilsons Cement, 32s 3d (two parcels); Wool-

LGCAC AND OVERSEAS MARKETS.

worths (Sydney, new pref.), 25s 6d; Mount Lyell; 22s 3d, 22s 4d; Were's Investment Trust (5s paid), 4a sd. Wellington.—Sales (late Friday): Inscribed Stock, 4 per cent. (1940), £IOO 10s; E.S. and A. Bank, £5; National Bank of New Zealand, 775; Baiik of New Zealand (long term), 31s; Gear Meat, 31s Id; Howard, Smith, 10s lid; Mount Lyell, 22s sd; Central Shotover, Is. ——Sales: Bank of New Zealand, 47s sd; New Zealand Guarantee Corporation, 6s 3d; Mount Lvell. 22s 2d, 22s Id; National Tobacco, 50s 6d. ' . „ . Christchurch. —Sales: Commercial Bank of Australia, 16s 3d (four parcels), 10s 4d (three parcels), 16s 6d; National Bank of New Zealand, £3 17s; Bank of New South Wales, £3l 17s 6d; Goldsbrough,. Mort,'(Cum div.), 27s 2d; New Zealand Refrigerating Company (10s paid), 6s Id (three parcels); Mount Lyell, 22s 3d (three parcels); Freshford, Is Id; Gillespie's Beach f9d paid), Is 73; Golden Sands, 3s 3d; King Solomon, Is 8d; Lawson's Flat (Is paid), Is 8d (three parcels) ; Nokomai, 4s 9d (five parcels). Sales reported: Westport Coal, lis 10d; Woolworth's (Sydney, new £1 paid, pref.). 25s Od. -- .■ -- FOREIGN EXCHANGES (British Qfflcial Wireless.) (United Press Association.) (By Electric Telegraph—Copyright.)

FROZEN RABBIT MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 17. (Received June 18,. at 6.30 p.m.) Business in rabbits has been practically suspended until August. SOUTHLAND MARKETS (From Our Own Correspondent.) INVERCARGILL,June 17. Oats.-r There has been a cessation. of orders from the north to some, extent during the last fortnight. Thi s was to have been expected, as during the Tsarly part of the month sellers' buying commitments for May had been arranged. Nevertheless, the market has a weaker tendency. It is doubtful if to-day A grade oats are saleable at 2s 4d, f.0.b., s.i., and in the of business any figures are merely an indication. B grade are worth 2s Id. Ryegrass.—This market, too, is somewhat quiescent, and a recovery can hardly be expected until spring threshing, as the bulk of the season's crop is still in stack. Any business which has been brought about recently is on the basis of 2e 7d 27-281 b machine-dressed seed; 2s 9d 301 b seed and over, though this latter price ha a been slightly exceeded", for something of exceptional value. Crested Dogstail.—There has been a slight easing also in this market, and values between merchants range from 6d per lb, f.0.b., for seed of good ordinary merchantable quality up to 6£d for high quality exportable machine-dressed seed. Chewing's Fescue.—The overseas demand has somewhat slackened, as it usually does at this period, when the majority of overseas buyers have made arrangements for their estimated requirements. Values between merchants, price depending generally on the quality of the seed and the suitability for export, range between 3d to 3|d per lb. FRUIT AND PRODUCE WORLD Reilly's report selling:— Per Dozen.—Violets 2s 6d, 3 S 6d. Sol de orr 9s. Creme 4s, 6s. Paper Whites 3s. Honev, Sib pats 3s 6d. Cauliflowers 3s, 6s. Cabbage 3s, ss. Celery Is, 2s. Section honey Bs, 2lb pottles 10s 6d. Mutton birds 4s 6d, 6s. Eggs: Poultry farmers Is sd, Is 7d: preserved Is, Is 2d. Gladioli corms 4s 6d, 40s. Roses 10s to 245; climbers 12s to 245. Polyanthus 12s to 245. Each. —"Champion" egg crates 15s. Knapsack sprayer £5. Roses: Miss Australia ss, Mrs J. D. Eisele ss, Etoile de Hollande ss. Half-cases. —Pears: Winter Nelis Is 6d, 2s 6d; Winter Coles Is 6d, 2s. Passions, New Zealand, wanted. Cucumbers: Hothouse ss, Bs. Bushel Cases. —Apples: Central Otago Jonathans 4s, 7s; Delicious 4s, 7s; Sturmers ss, 7s; cookers, choice, 4s, ss; other's 2s, 3s.- Pears \ Winter Nelis and Winter Coles 4s, 6s; cookers ss. Poorman oranges 9s, 10s 6d. Lemons, New Zealand, 255, 28s; Californian 655. American Cases.—Oranges: Viilencias 40s; Island repacks 2Qs. Bananas: Ripe Niues 18s 6d. \ Per Lb.—Bulk honey 4d, discoloured 3d. Artichokes lid. Beeswax Is. Brussel sprouts 3d. Green peas 3d, 4d. Grapes: Gros Colmars Is 6d, 2s; seconds 6d, Is. Walnuts sd, 7d. Cheese 7d. Butter: Storekeepers Bd., Tea: Orange Pekoe 2s. Porker and bacon pigs 4d, sd. Bacon: Prime Bd,9d. Hams lid. Tomatoes: Locals, choice, lOd, Is; medium 6d, 8d; Christchurch, choice, 4Jd, medium 2d, 4d. Pumpkins 65., Potatoes ss. Onions: Canterbury 6s. Oyster grit 6s 6d. Marrows Bs. Woodwool 28s. Bluestone, Macclesfield. 42s 6d. Pie melons 8s 6d. Olive oil 10s gallon. Semesan and Granosan 2oz 2s 3d, \\h 7s 6d, lib 12s, 51b 555. 251 b 2455. Fruit wraps 3s 6d ream. Vallo Giraffe lime sulphur, 8 gallons 2s 3d; barrels Is 9d. Black leaf "40." American: 101 b 525, slb 30s, lib 8 S 6d, ilb 7s 6d; British, 101 b 50s. 51b 27s 6d, lib 7s 6d. Wheat: Choice Canterbury 4s, 4s 6d; seconds 3s 6d. Partridge peas 4s 6d. Kibbled maize 6s. Oats. "A" Gartons Is 9d; "B" Is 6d. Crushed oats lis. Cross Keys meatmeal 16s. Firewood blocks 2s 6d. Manuka tomato stakes 8s per 100. Acorn buttermilk powder 3d per lb. Palmer's chick food, 1001 b 17s 6d, 50lb 10s 6d. 251 b 6s. Per Wheaten £2 10s; oaten £2 15s. Hay £4 10s, £5. Oatsheaf chaff £3 10s; ex store £4. Oatmeal £lB. Per Pair—Poultry: 177 hens at 3s to 6s, 220 cockerels at 2s 2d to 10s 6d, 48 ducks at 4s to 5s 6d, 8 pullets at Bs, 2 pigeons at 2s 4d. REILLY'S CENTRAL PRODUCE MART, LTD., .'Moray place, Dunedin.

. MINING BELL-HOOPER GOLD. The Bell-Hooper Company, Cromwell, reports a return for the week of 370 z 3d\vt for 70 yards of wash. Only a email staff was engaged. RAWANG TIN FIELDS. Cabled information received in Sydney from the Malay States indicates that the accounts of Rawang Tin Fields, Ltd., for the year ended March 31 disclose that the dredge ran 7145 houi-s, and treated 2,925,000 cublic yards at an average' cost of 2 l-10d a cubic yard. The net profit for the year amounted to £17,785, which, added to the balance brought forward, leaves a credit balance of £46,720. The profit compares with £28,842 last year. CONSOLIDATED GOLDFIELDS. (Per United Press . Association.) WELLINGTON, June 18. The Consolidated Goldfields have declared an interim dividend for 1933 of 9d a share, tax free. It is payable on June SO in British currency. BLACKWATER MINES, LTD. (Peb United Press Association.) WELLINGTON, June 18. The Stock Exchange Association has been advised that the Blackwater Mines, Ltd., has declared a final dividend for 1932 of Is 6d a share. It is tax free, and is payable on June 30 in British currency. DAIRY PRODUCE ' The South Island Dairy Association, Ltd., has received the following market report from London: —Butter: Slow, 80s to 81s; Danish, 90s to 925. Cheese: Quiet. White 48s; coloured, 535. Messrs H. L. Tapley and Co., Ltd., have received the following cabled market report from London:—Butter, 80s to 82s per cwt: market quiet. Cheese: White, < 48s per cwt; coloured, 53s per cwt. MERCHANDISE MARKET The Waimarino and the Port Whangarei will land cargoes of sugar this week. Included in the cargo on the Maimoa, from London, are Crosse and Blackwell's preserves, Cerebos salt, and Morton's lines, English saltpetre, tartaric acid, Symington's soups, etc. A parcel of shelled walnuts, pieces, arrived during the week. These show merchants a slightly easier cost. The Australian rice market continues firm. Heinz's white, malt, and cider vinegar, just to hand, will show a considerable advance in price. Some merchants are getting short of supplies of first quality honey, owing to an export demand. The local cheese market continues very firm. The value for export cheese is now 5Jd, f.o.b. Medium cheese is very scarce. The Surrey, from Liverpool and Glasgow, will land caustic soda, cream of tartar, cornflour, and carbonate of soda. Stoned dates are getting into short compass.in merchants' hands. Prices remain firm. PRICE OF FINE GOLD (United Press Association.) (By Electric Telegraph—Copyright.) LONDON. June 16. Fine gold is quoted at £6 2s Id per oz. LONDON, June 17. (Received June* 18, at 6.30 p.m.) Fine gold is quoted at £6 2s 2id per oz. THE APPLE MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, June 16. At Hull heavy supplies of Tasmanian Sturmers realised 6 S 6d to 8s 6d; Cleopatras, 5s 6d to 8s 6d; Scarlets, 5s to 7s. Many cases were withdrawn. Victorian apples- realised: Granny Smith, 9s to 12s; Jonathans, 6s 6d to 8s 6d; Dunns, 7 S 6d to 8s 6d; Romes, 6s to Bs. New South Wales: Granny Smith, 9s to 12s 6d; Romes, 7s to 8s; Dunne, 7s 6d to 8s; Jonathans, 7s 6d to 8s 9d. The Hamburg market is very firm. There is a good demand for Victorian Cleopatrae, which brought 12s to 17s 3d; Dunne, 9s 9d to 16s 9d; Jonathans, 5s 8d to 14s 2d; Romes, 10s 6d to 13s 4d. Tasmanian pears (boxes): Josephines, 10s 6d to 16« 3d; Bosce, 7s 9d to 12s 8d; Winter Nelis, 7s to 12s 8d; Keiffers, 7s 4d to 8s pd. TREASURY BILLS (British official Wireless.). (United Press "Association.) (By Electric Telegraph—Copyright.) RUGBY, June 16. r (Received June 17, at 5.5 p.m.) The amount applied for in to-day's tenders for £50,000,000 of Treasury bills was £76,685,000. The amount allotted was £47,000,000. For three months' bills the average rate per cent, wag 10s 10.91 d, compared with 7 S o.Bod last Friday. EXPORT OF POTATOES The surplus stocks of potatoes in Canr terbury are being reduced by shipments to South America, and a second consignment of 1000. tons will be sent to Montevideo at the end of this month, A previous shipment of 1000 tons was despatched at the end of May. It is understood (says the Christchurch Tunes) that satisfactory prices have been obtained. The potatoes are specially packed in cental bags so as to be suitable for transport on the backs of mules when they arrive in South America. LONDON MARKETS (United Press Association.) (By Electric Telegraph—-Copyright.) LONDON, June 17. (Received June 18, at 6.30 p.m.) Yesterday's closing prices were ae follows: — ' , , _■'.„. Cotton: Spot, 6.18 d per lb; July, 5.93 d. Rubber: Para, s|d per lb; plantation smoked, 231-32 d. Jute: June-July, £l7 7s 6d per ton. Copra: June-July, South Sea, £lO 12s 6d per ton; plantation Rabaul, £lO 15s. Linseed oil, £2l ss. Turpentine, 57s 9d. THE WHEAT MARKET (United Press Association.) (By Electric Telegraph—Copyright.) NEW YORK, June 17. (Received June 18. at 6.30 p.m.) Chicago wheat: July, 735 cents per bushel: September, 76; December, 78J. New York, cash, 84§ cents.

i s. d. Mount Morgan .. . 1 19 0 Commercial Bank 0 16 2 The following are Saturday 's buying and selling quotations, which are subject to the usual brokerage: — BANKING. Buyer. Seller. £ s. d. £ s. d. New Zealand '— 2 8 0 N.Z. (Long D) .. 1 10 0 — Commercial .... 0 16 2 — E. S. and A. .. — 5 3 0 Natl, of N.Z. .. 3 16 6 — 8 8 0 — INSURANCE, National 0 16 9 ' 0 17 3 South British .... 3 6 0 — 2 12 0 — . SHIPPING. "■'\i Huddart, Parker ■ -. *-. 1 2 3 .' —■ U.S.S. Co. (pref.) 1 2 0 . " — COAL. Kaitangata .. .. 1 0 3 — 0 11 9 0 12 3 LOAN AND AGENCY Goldsbrough, Mort . — 1 7 9 National Mortgage 2 0 0 2 2 6 National Mortgage (B Issue) .. .. 1 1 0 1 5 0 N.Z. Guarantee 0 6 0 — Perpetual Trustees 2 9 0 2 12 0 Trustees, Executors 2 10 3 — Wright, Stephenson (ord.) .... .. 0 10 6 — Wright, Stephenson v 0 11 9 ~~ MEAT PRESERVING N.Z. Refrigerating (paid) ... ... -, 0 14 9 — N.Z. Refrigerating 0 6 1 0 6 3 South Otago Freez4 2 6 —' ■. MISCELLANEOUS. Broken Hill Propy 1 13 0 :.\—■ Bruce Woollen (ord.)' ;;.:., .. .'■•—•'. 0 10 0 Bruce Woollen (pref.) ,.. .... 0 15 0 1 . o 0 Crystal Ice..... 1 3 6 ' — Dominion Fertiliser 0 11 9 ~— Dominion Fertiliser (debs.) .... ... 101) 0 0 — Dominion Rubber - 0 14 0 — DonagTiy's Rope .. .., '•— 1 19 0 S.ock Exchange ; 1 17 o - -TDunlop Perd. Rub- ; 1 ' ' 0 18 0 —* Electrolytic Zinc (pref.) .. .... 1 11 0 ; — Electrolytic Zinc (ord.) .. .:. : s 0 19 3 1 0 3 Kaiapoi Woollen 0 6 6 — Milburn Lime .. 1 8 6 — Mosgiel Woollen .. 8 0 0 — M'Leod Bros. 24 0 0 — Mount Lyell .» .. — 1 2 9 N.Z. Drug Co. ... — 3 4 6 N.Z. Paper Mills — 1 7 0 Smith and Smith 0 10 .6 ;, Wilsons Cement. /,. 111, 0 ; .BREWERIES N.Z. Breweries ....- ■ . - — 1 13 4 1 6 0 — 1 0 0 — ■■■;■ ■; •'./ MINING.. 0 0 ■5 0 0 7 Waihi ...... .. 1 2 0 •— Mahakipawa .. ±. . — 0 0 3 0 2 1 0 2 5 0 10 5 0 10 6 King Solomon Golden Dawn , .. 0 1 8 —■ 0 1 6 . — Blackwater ./ .. 1 3 3 — Consol. Goldfields 0 10 0 — Gillespie's Beach 0 1 6 0 1 Vj 0 6 11 0 7 2 — 0 1 6 Mount David .. .... — 0 2 0 0 4 5 0 4 9 — 0 1 2 Central Shotover 0 0 11 0 1 1 Lawson's Flat .. 0 1 7 0 1 9 Golconda (6d paid) o 6 n 0 1 3 GOVERNMENT LOANS. 3J p.c. Ins., 19381943 100 0 0 — 8J p.c. Ins., 19381952 .. .... .. 100 0 0 ,— 8i p.c. Ins., 19391943 •'.: .... .. 100 00 ■ — 3J p.c. Ins., 19391952 100 0 0 — 3J pic: Ins., 1941 - ; 1943 ..... 100 0 o- ' —■ 3J p.c. Ins., 1941100 0 0 ' —" 4 p.c. BondSj Jan., 1940 . .... 100 10 0 —' 4 p.c. Ins., Jan., 1940 .. .. .. .. 100 10 0 ■ — 4 p.c. Bonds, Feb., 1946 100 10 0 ■— 4 p.c. Ins., Feb., 1946 100 10 0 —

RUGBY, June 16. Paris— Par. June 15. June 16. Franca to £1 .. 124.21 86 3-16 86>/ 8 Brussels— Belgas to £ 1 35 24.271 24.251 Oslo — Kroner to £ 1 .. 18.189 19.75 19 25-32 Stockholm— Kroner to £ 1 .. 18.150 19.45 19.45 Copenhagen— Kroner to £ 1 18.150 22.421 22.421 Berlin— Marks to £ 1 20.43 14.30 14.27 Montreal — Dollars to £1 .. 4.86 2-8 4.54J 4.58 New York — Dollars to £1 .. 4.862-3 4.0Si 4.073 Yokohama — Pence to yen 24.582 15 3-32 15 1-16 Hongkong- • Pence to dollars 24.58 17 1-16 17 1-16 Bombay— Pence to rupee — 18 5-64 18 5-64 Batavia— Florins to £1 12.10 — 8.45 Milan — Lire to £1 .. 82.46 643 o 64% AmsterdamGuilder to £1 12.107 8.431 8.421 Prague— Kroner to £1 .. 1041 1133 1133 Geneva — Francs to £ 1 25.22J 17.561 17.551 Vienna — Schillings to £1 84.86J SI 31 Helsingfors— Marks to £ 1 .. 193.23 2261 2261 MadridPesetas to £1 25.231 39 25-32 39 25-32 Belgrade— Dinars to £1 .. 25.221 250 250 Athens —' ' Drachma to £ 1 375 590 590 Lisbon— Escudos to £1 110 110 110 Bucharest — Lei to £1 .. 931.6 570 570 Rio de Janeln)— Pence to milrels 5.890 4% 4% Buenos Aires— Tence to pesos 47.28 413 411 Shanghai— Pence to tael .. — 15 5-16 15% , Montevideo—' Pence to pesos — 84 84 Warsaw — Zlotys to £1 .. — —