COMMERCE AND FINANCE

Otago Daily Times, Issue 22121, 27 November 1933, Page 3

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE The sale was reported on the Dunedin Stock Exchange on Saturday of a parcel of National Insurances at 18s lOd. A later buying offer of 18s 9d did not prove attractive to sellers. Southland Frozen Meats (cont.) were reported to have been sold at £1 Us 6d. The final quotations on Saturday morning were 6d on either side of that,figure. Bank of New Zealands, it was reported, had changed bands at £2 7s 4d. When the market closed a seller’s offer to do business at £2 7a 6d was not taken Up. Stock (1949) was reported to have been sold at £IOO 17s 6d, and later there was a buyer willing to do further business at £IOO 15s, but no seller was forward. After the last call a sale was reported of Waitahus at 6e 2d. The final quotations on Change were 6s Id (buyers) and 6e 3d (sellers). SALES REPORTED. f «. d. National Insurance • • 018 10 Southland Frozen Meat (cont.) 111 ° Bank of New Zealand .. . • 2 7 4 Stock, 1949 .. .... .... 100 17 6 SALE REPORTED AFTER LAST CALL. . Waitahu .. .. .. .. .. .. 0 8 2 -The following are Saturday morning's buying and selling quotations, which are subject to the usual brokerage:—r (■: DANKINIG.

LOCAL AND OVERSEAS MARKETS.

NORTHERN EXCHANGES (Peb United Press Association.) The following business was transacted on ’Changes on Saturday:— Auckland.—Sales: Christchurch Drainage Board (1965) 5J per cent., £lO2 10s; Wellington Woollen, £5 12s 6d; Woolworths (Victoria; pref.), 245; Nokomai, 3s Id; Kuala Kampar, 11s 10d. Wellington.—Sales: Inscribed Stock 3J per cent. (1939-43), £101; British Tobacco (late Friday), 37s 6d; Bell-Hooper, lid. Christchurch. —Sales: Commercial Bank of Australia, 16s 10d' (two parcels); New Zealand Insurance, 565, 3d; New Zealand Refrigerating (£l paid), 19s 6d (two parcels); New Zealand Breweries (cum div.), 37s (two parcels); Anthony Hordern, 13s 3d; British Tobacco, 37s 6d; Mount Lyell (cum div,), 22s Id; Alexander Mines (13s 6d paid), 17s 4d (two parcels); Golden Sands (cum div.), 3s-2d; New Cornish Point (6d paid), 7d (two, parcels); Gkarito, 10s 3d (two- parcels). Sales reported: Commercial Bank of Australia, £8 19s. • : ■

LONDON MEAT MARKET . (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, November 25. (Received Nov, 26, at 7 p.m.) rW OO lO AUSTRALIAN SHEEP—V Z <•O O O First quality, cross-. £ & bred and/or merino (Per lb.) wethers; d. d. d. 40-651 b .. '■Ewes:' ■•: ■ ■ 30-551 b.. ... .. ... 3| N.Z. SHEEP— ' Canterbury and North Island selected crossbred wethers and 1 maiden ewes: 57-641 b. .. ..... .. N.Z. LAMBS— Canterbury:

RABBIT MARKET (United Press Association.) (By Electric Telegraph—Copyright.) LONDON, November 25. (Received Nov. 26, at 6,30 p.m.l First largo, ex store, 17s. _— , I COTTON. RUBBER, ETC. LONDON, November 25. (Received Nov. 26, at 6.30 p.m.) Friday’s closing prices were:— Cotton: Spot, 5.09 d per lb; December, 4.91 d. / Rubber: Para, 4gd; plantation smoked, 4 0-32 d. Jute: November-December, £l4 ss. I Copra: November-Becember, South Sea, 28 12s 6d; Plantation Rabaul, £9. Linseed oil, £2O. , Turpentine, 41s 9d per cwt. Ti-iE DOLLAR LONDON, November 24. The dollar is quoted at 5.30 J. DAIRY PRODUCE The South Island Dairy Association, Ltd., has received the following market report from London: — Butter. —Weak; 76s to 78s; Danish, 116 s. Cheese.—Steady; white, 48s; coloured,

Buyer. Seller £ s. d. £ ft. d. N.S.W — 34 .0 0 n.z; .. . — 2 7 0 Commercial ... • .. ■ ■ ■ —, 0 17 0 E.S. and A. ' 5 14 6 Natl, of N.Z. .. — 4 6 0 Union .... .. 10 1 0 INSURANCE \T A* « • 0 18 9 New Zealand' 2 14 6 — South British .. 3 13 6 _ 9 Standard ' .. 3 0 0 3 0 r - SHIPPING, Huddart, Parker (ord.) .... .;-. 1 11 0 Huddart, Parker (pref.)’ .. .. .. 1 4 ,0 — U.S.S. Co. (pref.)1 4 3 •— COAL. s ;- - Kaitangata .. .. ’ — I 1 2 6 Westport V. '.. 0 14 0 14 6 Westport - Stockton 0 .0 (pref.) .; , o. 2 3 3 , LOAN AND AGENCY. ■ • Goldsbrough,' Mort ’ — I 10 8 Natnl. Mortgage .. 2 19 0 — . Nafnl. Mortgage (B (issue) .. .. 1 9 0 — • N.Z. Loan and M. (ord.) .. .. .. ■ 63 0 0 N.Z. Guarantee 1 ' Corp. .. .. ,. 0 8 0 —- Wright, Stephenson (ord.) .. .. * 0 17 6 Wright, Stephenson 0 16 6 (pref.) .... .. . MEAT PRESERVING. Gear Meat .. .. — 1 13 6 N.Z. . Refrig. ■' V-. (paid) — 0 19 7N.Z. Refrig. : (cont.) .. — 0 9 8 South. Frozen Meat 6 (paid) .. 2 19 — South. Frozen Meat (cont.) .. .. .. 1 11 0 I 13 0 South, Otago. Freezing .. .. .. .. 5 3 o — MISCELLANEOUS. Brown. Ewing (pref.) .. .. .. —- 1 0 6 Bruce Woollen (pref.) .. .. •• — 1 0 0 Colonial Sugar .. 59 15 0 — Crystal Ice ,. —■ .. DiLC. (ord.) .. .. 1 10 0 — 0 14 6 — D.I.C. (pref.) .. 1 2 0 — Dominion Fertiliser 0 16 0 — Dominion Fertiliser (Debs.) .. .. 101 0 0 — Dominion Rubber ■ — 6 0 19 0 • Milburn Lime 1 10 — Mosgiel Woollen .. 8 10 0 V — M’Leod Bros. .. 27 0 0 —* 3 Mount Lyell 1 1 10 1 Natnl. Electric .. 0 6 4 — N.Z. Drug Co. .. 3 12 0 3 14 0 Farmers’ Fertiliser v 0 16 9 —; N.Z. Raider Mills ",.T ' 7 10 — Regent 1 Theatre 0 19 3 Smith \ and Smith 0 18 0 N.Z.- Newspapers 1 7 9 — - BREWERIES. . N.Z. Breweries ., — 1 17 6 — 0 6 0 OIL. Moturoa (pref.) ' — 0 5 0 MINING, Waihi .. .... 1 6 0 — Waihi Grand Jctn., 10 4 0 —- Kildare .. .. 0 1 11 Okarito 0 10 0 — Paddy’s Point . ■■ ( 0 4 6 New Cornish Point ,V • ■- 0 , 1 (la paid) .. .. ,rrr "1 Golden Progress .. ■ — 0 1 6 King Solomon .. 0 3 3 p 3 6 Golden Point 0 0 14 — - Gillespie’s Beach (exrights) .. .. Gillespie’s Beach 0 1 10 0 2 0 0 (rights) .. .. 0 0 10 0 1 Waitahu .. .. .. 0 6 i 0, 6 3 Big River .. .. Mount David i. .. 0 0 114 0 0 1 2 3 0 Nokomai .. . i .. 0 3 0 0 3 3 Freahford .. .. — 0 0 34 Lawson's Flat .. —- 0 o 7 Central Shotover 0 0 10 0 ,1 0 Bell-Kilgouc .. ;. \ — n 0 1 4’ Bell-Hooper ., •• 0 0 0 1 0 Oxenbridgc .. .. — 0 0 0 9 Aotealroa .. .. 0 1 2 i 8 Bendigo Goldlight 0 0 6 Wetherstonea 0 .4 0 .

GOVERNMENT 1 LOANS. Buyer. Seller. 3J p.c. Ins., 1938- £ S. d. £ s- d. 1943 100 10 0 —- 3J p.c. Ins., 19381952 100 5 0 3J p.c. Ins., 19391943 .. 100 10 0 —> 3i p.c. Ina., 19391952 100 5 0 —. 3J p.c. Ins., 1941 1943 100 10 0 — 3} p.c. Ins., 19411952 100 5 0 —. 4 p.c. Bonds, Jan., 1940 .. . 102 5 0 4 p.c. Bonds, Feb., 1946 .. ...... 101 10 0 —— 4 p.c. Bonds, April, 1949 100 15 0 — 4 p.c. Ins,, April, 1949 100 15 0 — 4 p.c. Bonds., June, 1955 .. .. .. .. 101 10 0 — 4 p.c. Ins., June, ■ 1955 .. .... .. 101 10 0

First quality: 361b and under .. .. u 7ft 7 37-42fb .. .. .. .. 74, 6ft 6ft 43-50Ib .. .. .. 64 64 Second quality: Average 321b 6J 64 84 Other South Island brands; • ■ . ,v' - 361b : and under 1 \ .. ! .. , 7ft 7ft 74 37-421b .. .. .. ..; 74 _J7 6ft 43-501b .. .. .. .. 64 64 Selected North Island brands, including y > . downs: ■, v ' 361b and under . . .. 7ft ... 37-421b ' ..' “:'i . ...;v .. 74 M , r ' : — - Second quality: ,r. “•*. , y, Average 321b .. .. .. 61 — ' . _ Other North Island brands: First quality: 361b and under .. .. 74 Second quality: Average 321b .. .. .. 6| ■ , — AUSTRALIAN LAMBS— i Victorian: First quality: 361b and under, .. .. 7 37-421b .. .. .. .. — , 68 Second quality: 301b and under .. .. 61 64 * 6| Other States: First quality: , 361b and under ; . ’ .. 74 6f 37-42Ib .. .. .. .. 6ft 6| 64 Second quality: 361b and under . . .. 6S 68 6ft All States: , ; Third quality .. .. • • 64 58 64 ARGENTINE SHEEP— First quality' crossbred wethers: 48-641b .. .. .. .. 44 N.Z; FROZEN BEEF— Ox fores (160-2201b) .. 2ft 2ft Ox hinds (160-2201b) .. — 3 3 ARGENTINE CHILLED BEEF— Ox fores (160-2201b) ; . 3ft 34 Ox hinds (l60-2201b) .. 54 4J 4ft ARGENTINE LAMBS— First quality: 361b and under .. .. 6J Oft 37-421b .. .. .. .. — 64 64 Second quality: Average about 281b .. ■ _ 6ft 64 AUSTRALIAN FROZEN BEEF— Ox crops (1001b and under) ... .. .. ' 2ft 24 Ox crops (over 1001b) .. - 1 2ft 2ft Ox hinds (1601b and under) .. .. .. 34 Ox hinds (over 1601b) .. 34 — 34 N.Z. PIGS— First quality; 81-1001b .. .. .. .. 5ft 5J I01-1201b 64 5ft 54 AUSTRALIAN PIGS— First quality: 60-1001b (average about 801b) '• 64 64 64 101-1201b 64 5ft 5 ft