COMMERCE AND FINANCE

Otago Daily Times, Issue 24607, 15 May 1941, Page 2

COMMERCE AND FINANCE

DUNEDIN STOCK EXCHANGE YESTERDAY’S SALES DUNEDIN Sales Reported £ s. ci. 4 p.c. Stock, 1940-43 101 2 6 4 p.c. Stock. 1946-49 (2) .. .. 103 0 0 4 p.c. Stock, 1952-55 106 10 0 N.Z. Breweries 1 10 10 AUCKLAND Sales on ’Change.—Stock, 1940-43, 4 per cent., £lOl 2s 6d: Bank of New Zealand, £1 17s 3d: Standard Insurance, £3 0s 6d; Fanners' Auction (B pref.l, £1 Is: North Auckland Farmers (B pref.), 6s 3d; New Zealand Breweries, £1 10s 10d; Broken Hill Ptv, (late sale). £2 2s 3d, £2 2s 6d; G, J. Coles, £3 Is 6d; M. K. Manufacturers, 5s Id: Woolworths (Syd.). 16s Id. Unlisted Stock.—Auckland Meat. £1 9s. WELLINGTON Sales on ’Change.—4 per cent. Stock, 1943 (2). £lOl 2s 6d; 4 per cent. Stock. 1955, £lO6 10s; War Loan, 1953, £B2 ss: South British Insui’ance. £2 10s; Woolworths. Ltd. (2), 16s Id. CHRISTCHURCH Sale on ’Change.—Wilcox Mofflin, Bs. Sales Reported.—Dalgety and Co. (ex div.), £6; Davenport Ferry, £1 2s; Huddart, Parker, £2 15s sd; Hume Pipe (Aus.; late sale Tues.), 13s 2d: Woolworths (Syd.; ord.), 16s Id, 16s 2Jd, 16s lid. LATEST QUOTATIONS 0 ~

COLOMBO TEA SALE Mr L. M. Wright has received the following cabled report on the Colombo tea auction of May 13: — A total of 2,250,0001 b was offered to buyers at yesterday’s weekly sale. Common and low-medium types were in particularly strong demand, prices advancing lid to IJd per lb. Better grades were firm to dearer. Next week's catalogue will be {or 2,000.0001 b. ALLOY STEEL (P.A.) WELLINGTON, May 14. The directors of Alloy Steel (N.Z.), Ltd., recommend a final dividend of 3i per cent., which, with the interim dividend declared in October, makes a total of 7 per. cent, for the year, together with a bonus of 6d a share, payable on June 13. John M. Fraser and Co., Lid., selling agents for the Otago and Oamaru Egg Circles, report as under: —Eggs; Heavy grade, 2s 10d; standard, 2s 8d; medium, 2s 6d; pullets, 2s Id. Dairy butter: Pats, lid to Is Id; bulk, Is Id. Potatoes, 8s to 9s per cwt. Chaff, £6 10s per ton, sacks extra. Canterbury onions, 11s cwt. Whole fowl wheat, to 6s -9d per bushel. Honey, 7d to 8d per lb; 51b tins. 101 b tins, wanted. Poultry: White Leghorn hens, 3s to 4s; heavy breeds, 4s 6d to 5s 6d; cockerels, light 4s to ss, heavy breed 7s to 8s; roosters, 2s to 4s; ducks, 3s to ss; ducklings. 4s to ss, all per pair; turkeys, gobblers 8d per lb, live weight, hens 7d per lb. We stock “C.F.M.” meatmeal, butter milk powder. We are Otago agents for “ Champion ” egg crates, “ Sol-Vit-Ax,” cod liver oil for poultry: prices on application. Consignors, please note that all poultry must arrive not later than Wednesday morning of each week. We have a stock of poultry crates on hand for use of our clients.

THE LEMON CROP ] PRICE PAID TO GROWERS (P.A.) WELLINGTON. May 14. In an announcement to-day the Minister of Marketing. Mr J. G. Barclay, states that the price to be paid to lemon-growers for the new season would be on the same basis as during last season,, namely. 7s for sufficient fruit which, when cured, will pack a bushel case. He added that the Government would, in accordance with a promise made, pay to lemongrowers a bonus of 6d per cured bushel on last season’s fruit, and at the end of the present season consideration would be given to the payment of a similar bonus on the 1941 crop if the financial position permits. MINING NEWS WAITAHU RETURN The Waitahu Gold Mining Company. Ltd., reports that the final wash-up in No 26 paddcck resulted in a return of 41 oz 6dwt for 18 shifts of eight hours erch. This makes a total of 6ooz lldwt from this paddock. The manager reports that ground sluicing operations in No. 27 paddock will commence this week, AUSTRALIAN STOCK EXCHANGES (Pec. 0.15 a.m.) SYDNEY, May 14. The only notable feature on 'Change to-day was a keen demand for Eastern tin dredging shares, coupled with lessened apprehension regarding the position in the East. Additional Sales.—Bank of New South Wales, £26 4s: Tooths, £2 10s; Tooheys, £1 7s 6d; Coles, £2 19s 6d; Woolworths, 15s Id; Selfridges, 18s 7d; Gordon and Gotch, £1 19s; Felt and Textiles, £1 ISs; Broken Hill Proprietary, £1 19s 9d; Rawang, 8s 2d: Mount Lyell, £1 6s 6d; Emperor. 9s lid. MELBOURNE, May 14. British Tobacco, £2 2s 8d; Herald and Times, £2 11s; Australian Paper Manufacturers (pref.), £1 4s 6d: Hume Pipe, 12s 6d; Mount Morgan, 9s.

GOVERNMENT LOANS £ S. d. £ s. d. 3J p.c.. 1953-57 .. .. 100 10 0 •— 4 p.c., 1943r4G .. .. 102 15 0 — 4 p.c., 1946-49 .. .. 102 15 0 — 4 p.c., 1948 104 0 0 — 4 p.c.. 1932-55 .. .. — 106 10 0 War Loan, 1953 .. .. 82 0 0 BANKING A’asia — 8 15 0 New Zealand .. .. 1 16 6 — Commercial .. .. 0 13 9 — E.S. and A. .. .. — 4 3 0 Union 6 10 0 6 15 0 INSURANCE AND SHIPPING National 0 18 3 0 18 11 South British .. .. 2 9 0 — Standard 2 19 6 — P. and 0 1 4 0 — MEAT, LOAN AND AGENCY N.Z, Refrig (£1) 0 18 0 — South. Froz, (paid) .. — 1 12 6 Natnl. Mortgage — 1 16 0 Natni. Mortgage — 1 1 6 Loan and M. (ord.) .. 26 0 0 27 10 0 Perpetual Trustees .. 2 11 3 — Trustees, Executors .. 4 2 0 — Wright. Stephenson (pref.) 0 19 6 — COAL Taupiri (pref.) .. .. 1 0 0 — Westport — 1 3 3 W.-St’kt'n (pref.) .. — 0 6 9 WOOLLEN COMPANIES Bruce (ord.) .. .. 1 0 9 — Bruce (pref.) 1 0 0 — Kaiapoi (ord.) .. .. 0 14 11 — Kaiapoi (cont.) .. .. 0 4 10 0 5 2 Wellington (pref.) 6 15 0 — MISCELLANEOUS Broken Hill Pty. 2 2 0 2 3 3 Chas. Begg and Co. 1 1 0 — D.I.C. (pref.) .. .. 1 3 9 — Dom. Fertiliser — . 1 6 0 Dom. Rubber .. .. — 1 0 0 Donaghy’s Rope — 2 12 6 Dunlop Rubber .. .. 1 0 6 — G. J, Coles .. .. 2 19 6 3 3 0 MacDuffs (ord.) .. .. — 0 10 0 Milburn Lime .. .. — 1 18 3 McLeod Bros 26 10 0 . Natl. Electric .. .. 0 19 0 1 0 0 N.Z. Drug (£2) 3 16 0 3 18 0 Farm. Fertlsr. (pref.) — 1 2 6 N.Z. Paper Mills 1 8 9 1 10 0 Otago Daily Times.. — 1 17 6 Wilsons Cement .. .. 0 18 4 — Woolworths (N.Z.) .. 0 13 0 0 13 6 Woolworths (Syd.) .. — 0 16 3 Woolworths Properties 1 3 0 — BREWERIES Ballin’s (£1) ,. .. 0 10 0 0 11 11 N.Z, Breweries .. .. 1 10 9 — Dunedin — 1 2 0 MINING Broken Hill South .. •1 2 6 Electro. Zinc, (pref.) 2 12 6 — Mount Lyell .. .. *1 8 0 Mount Morgan .. .. 0 9 0 0 9 4 Wellington Alluvials — 0 4 3 Austral N.Z — 1 5 0 B g River — 0 1 1 Ciutha River ,. .. — 0 2 0 Nokomai — 0 1 6 Okarito 0 0 9 — ♦ Ex dividend.