COMMERCE AND FINANCE

Otago Daily Times, Issue 24737, 14 October 1941, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE YESTERDAY'S SALES DUNEDIN ■

AUCKLAND Sales on 'Change.—Stock. 1956-59, 31 per cent, (late sale), £100: Bank of New Zealand, £2 (2); National Insurance, £1; New Zealand Insurance (late sale), £3 10s: South British. £3 Is 3d (late sale), £3 Is 3d (2); WestportStockton (ord., late sale), 2s 7d; Taupo Totara, 5s 4d: Broken Hill Proprietary, £2 2s 9d; Moturoa Oil, 2s 6d; Woolworths Properties, £1 6s 9d; Woolworths (Syd.), 17s 4d (late sale), 17s 4d; Mount Lyell, £1 8s 6d. WELLINGTON Sales on 'Change.—Newton King (pref., late Friday), lis; National Insurance (late Friday), £1; South British Insurance (late Friday), £3 Is 6d; Woolworths, Ltd. (late Friday), 17s 4d (3); Woolworths (N.Z.. late Friday), 14s 3d; Mount Lyell (late Friday), £1 8s 6d; 4 per cent. 1954-58 Stock, £lO7 10s; National Bank of New Zealand (odd lot), £1 19s; National Insurance, £1; Gear Meat, 15s; Booth, Macdonald (pref.), 4s 6d. CHRISTCHURCH Sales on 'Change.—Woolworths, Ltd., 17s 5d (5). Unlisted Stock.—Associated Gold Dredges (15s paid), 14s. Sales Reported.—4 per cent. Inscribed, 1943-45, £lOl 12s 6d; WestportStockton Coal, 2s 7d (2), ord.; Woolworths, Ltd. (late Friday), 17s 4Jd (2); Woolworths (N.Z.. late Friday), 14s 3d: Woolworths (N.Z.), 14s 3d. LATEST QUOTATIONS

Scott Bros., produce merchants and commission agents, registered egg and onion merchants, report:—Eggs: For consignments received on October 6 to October 10 inclusive, pay out values to clients will be as follows: Heavy Is 6d. standard Is 4d, medium Is 2d. Separator butter, lOd to lid per lb. Honey, 7d to 8d per lb; 101 b tins, 7s to 9s each; 51b tins. 4s 9d to 5s each. Poultry: Good demand for heavy birds. Hens, 2s 4d to 2s 9d each; heavy breeds, 3s to 3s 6d each; ducks. Is 9d to 2s 3d each; duckling*;, 3s to 3s 6d each; roosters, Is to Is 6d per head; cockerels—light Is 9d to 2s 6d each, heavy .3s 9d to 5s each. Geese, 2s to 3s 6d each; goslings, 3s 6d to 4s each. Turkeys: Gobblers, 9d to lid per lb; hens, 8d to lOd per lb. Fat: Nominally, 8s to 10s per cwt. Potatoes: King Edwards, to £l2 10s per ton; Whites, to £ll per ton. Mother and Commercial K. E. seed in stock. Whole fowl wheat, 6s 6d to 6s 9dper bushel, sacks extra. Chaff: Prime oaten sheaf, £5 15s per ton, ex truck; £6 10s, ex store, bags extra. Whole maize, 8s per bushel. Oyster grit, 6s 6d per 1001 b bag. Straw Wheaten, 2s 9d per bale; oaten, 4s 3d per bale, es store. Lucerne meal, 12s per 901 b bag. Lucerne chaff, 8s 6d per sack. Onions: Canterbury, 24s per cwt. New season's chickfood, now in store. Quotations for ton lots or less.

Eggs.—We grade all consignments ko regulations over automatic weighing and candling machines. Payments weekly. October 13. 1941.

IMPORT LICENSING SIXTH PERIOD SCHEDULE AMENDMENTS Advice has been received by the Dunedin Chamber of Commerce of the following amendments to the Import Licensing Schedule for the sixth period:— Textile piece goods of cotton, etc. (ex Tariff Item 180/1): It has been decided that Sixth Period Licences may be sranted for the importation of textile piece goods (other than moquettes, tapestry and tickings) of cotton, etc. exTariff Item 180/1). from the United Kingdom to the extent of 50 per cent, of the value of the licences granted for imports of similar goods from all sources in 1940. Children's footwear (Tariff Item 195): It has been decided that the existing Sixth Period allocation for imports of boots, shoes, etc.. viz., children's 0-9 inclusive (Tariff Item 195), from the United Kingdom arid "Other British " countries is to be increased from 50 per cent, to 100 per cent, of the value of licences granted for imports from those sources in 1940. Lawn bowls (ex Tariff Item 239); It has been decided that Sixth Period Licence may be granted for the importation of lawn bowls (ex Tariff Item 239) from Australia to the extent of 50 per cent, of the value of licences granted for imports of similar goods from that source in 1940. Licences granted in accordance with this decision may be utilised for imports during the current year. OVERSEAS TRADE IMPORT AND EXPORT RETURNS (P.A.) WELLINGTON. Oct. 13. The following are the latest figures showing in New Zealand currency the overseas trade of the Dominion: — Month of August 1941. 1940. 1939. Exports .. 2,614,000' 4,584,000 4,099,000 Imports .. 4,091,000 5,120,000 4,174,000 Excess of Imports 1,477,000 536,000 75,000 Eight Months to August 1941 1940. 1939. Exports .. 44,467,000 ' 54,245,000 44,478,000 Imports .. 30,486,000 34,050,000 36,440,000 Excess of Exports 13,981,000 20,195,000 8,038,000 MINING NEWS CLUTHA DREDGE RETURN For the period ended October 10 the dredge of Clutha River Gold Dredging. Ltd., operating at Alexandra, worked 249 hours and recovered 60oz. GILLESPIE'S BEACH DREDGE The secretaries of the Gillespie's Beach Gold Dredging Company. Ltd., report that the wash-up for the week ended Saturday. October 11, was 18oz 9dwt for 134 hours from 16,403 cubic yards. OKARITO RETURN The Okarito Five Mile Beach Gold Dreeing Company, Ltd., reports a wash-up of soz 9wt of gold as the result of 115 hours' dredging. SYDNEY STOCK EXCHANGE (Rec. 11 p.m.) SYDNEY, Oct. 13. On the Stock Exchange leading industials were inclined to weaken, but other'sections of the market remained fairly stable. The Morning Sales.—Bank of New South Wales. £25 18s; Tooths, £2 13s 9d; Tooheys, £1 9s 9d; Associated News. 12s 4d; Broken Hill Proprietary, £1 17s 6d; Dunlop Perdriau, £1 3s; Union Steam (pref.), £1 3s. Additional Sales.—Colonial Sugar, £49 ss; Amalgamated Textiles, 10s 9d; Anthony Hordern, 15s 6d; British Tobacco (pref.), £1 9s; Australasian Paper, £1 17s; New Broken Hill, 15s 9d; North Broken Hill, £2 4s 3d; Mount Lyell. £1 7s 7Jd; Electrolytic Zinc, £2 lis 3d; Rawang. 8s lid; Oil Search, 4s lid; Claude Neon, £1 3s 9d; Goldsbrough, Mort, £ 1 7s 9d; Australian Iron and Steel (pref.), £1 10s. COMPANY REGISTRATION . Notification of the registration of the following private company is contained in the latest issue of the Mercantile Gazette: — Fernhill Lime Company, Ltd. Registered as a private company September 30. Office: Invercargill. Capital: £19,500 in 19,500 shares of £1 each. Subscribers: Dunedin, Fulton Hogan, Ltd., 9000; Southland—W. G. Mackay 1850, G. A. Hamilton 1335, A. Mackay 200, P. F. Shallard 400. S. S. Morrison 425, A. R. Johnston 200. J. J. Wylie 350, J. O. MoPhail 325. R. Smith 150. C. G. White 200, A. Drummond 650, P. Drummond 200, E. P. Healy 200, C. T. Rudenklau 100. H. G. Pinckney 325, R. Swan 265, J. R. McLeish 525, T. McLean 400, A. C Gormack 750. A. Gall 150, L. S. Gilkison 300, National Mortgage and Agency Company 200, Southland Farmers' Co-op. Company 500. Objects: Lime merchants and manufacturers.

Sales Reported £ s. d. National Bank of N.Z 1 19 0 Wright. Stephenson (ord.) .. 0 18 0 N.Z. Farmers’ Fertiliser .. 1 0 6 Woolworths (Sydney) .. •• 0 17 4

GOVERNMENT LOANS Buyer. Seller. £ s. d. £ s. d 3i p.c. Bonds. 1953-57 101 0 0 — 3J p.c. Stock. 1953-57 101 0 0 — 4 p.c. Bonds. 1943-46 .. 101 0 0 — 4 p.c. Stock. 1943-46 .. 101 0 0 — 4 p.c. Bonds, 1946-49 .. 104 15 0 — 4 p.c. Stock, 1946-49 .. 104 15 0 — 4 p.c. Bonds, 1952-55 .. 106 0 0 — 4 p.c. Stock, 1952-55 .. 106 0 0 — 3j p.c. Convers. Loan 99 0 0 — 3 p.c. War Loan 97 0 0 — War Loan, 1953 .. .. 87 10 0 — BANKING A'asia. (£5) .. .. 8 10 0 — New Zealand (£1) .. 1 19 6 2 0 3 N.Z. (Long D; £1) .. 1 11 6 1 12 3 7 5 0 — INSURANCE AND SHIPPING National (7s) .. .. 0 19 10 1 0 1 Standard (£1) .... 3 2 9 — P. and O. Stock (£1) 1 10 0 2 0 0 U.S.S. Co. (pref.: £1) 1 6 0 — MEAT. LOAN AND AGENCY N.Z. Refrlg (£1)» .: 1 0 9 — N.Z. Refrig. (10s) .. 0 9 0 — South. Fzn. (ord.: £1) 1 12 6 — Waitaki Farmers (£5) 4 15 0 — Natl. Mortgage (£2) .. 1 17 6 — Natl. Mort. (B; £1) 1 2 0 — L. and M. (ord.; £100) 36 0 0 — Perpetual Trust (18s) 2 10 6 — Trustees. Exec. (£3) 4 5 0 — W.S. (ord.; £1) .. .. — 0 19 0 W.S. (pref.: £1) .. 0 19 0 — COAL Kaitangata (16s) 1 12 0 — Westport (10s) .. .. 1 4 9 1 5 3 W.-Stockton (ord.; 10s) 0 2 5 — W.-Stock. (pref.; 10s) 0 6 6 0 1 3 WOOLLEN COMPANIES Bond's Hosiery (£1) Bruce (ord.; £1) 1 9 0 — 1 3 9 — Bruce (pref.; £1) 1 1 6 — Kaiapoi (ord.: 17s) .. ' 0 17 0. — Kalapoi (cont.; 7s) .. •0 5 6 0 6 3 Mosgiel (£4) .. .. 10 10 0 — Oamaru (£1) .. .. — 1 5 0 MISCELLANEOUS B.-Macdonald (pf.; £1) 0 4 6 0 5 3 Broken Hill Pty. (£1) — 2 2 9 C. Begg and Co. (£1) 0 19 0 — D.I.C. (ord.; 10s) 0 14 3 — D.I.C. (pref.; £1) .. 1 4 9 — Dom. Fertiliser (£1) 1 3 3 — Dom. Rubber (£1) .. 0 17 6 1 0 0 Donaghy's Rope (£1) 2 8 0 — Don. Rope (cont.) .. 1 11 0 — I.C.I, (pref.; £1) 1 4 6 — Kauri Timber (£1 5s) 1 3 0 — MacDuffs (pref.:. £1) — 1 0 6 Milburn Lime (£1) .. 1 17 6 — Natl. Electric (£1) .. 1 3 0 — N.Z Drug Co. (£2) .. 3 18 3 — Farm. Fertiliser (£1) 1 0 0 — N.Z. Paper Mills (£1) 1 13 6 — O.D. Times (£1) 1 18 0 — Regent Theatre (£1) — 0 19 0 S. and S. (pref.; £1) 0 19 0 — Woolworths (ord.; 5s) 0 14 2 — Woolworths (Syd.; 5s) 0 17 0 — Woolworths Prpts. (£1) 1 5 9 — BREWERIES N.Z. Breweries (£1) 1 16 0 1 17 3 Dunedin (£1) .. .. — 1 . 1 0 MINING E. Zinc (ord.; £1) .. 2 12 0 — Mount Lyell (£1) .. 1 7 9 1 8 6 Mount Morgan (2s 6d) — 0 9 5 New Broken Hill (5s) 0 IS 0 — UNLISTED ! STOCKS Mackintosh Caley 0 15 0 — O. and S. Finance 0 1 8 — O. and S. Finance (paid) 0 7 0 — O. and S. Finance (pref.) 0 18 0 — Snowhite Laudries .. 0 10 6 — Otago Invest. Trust 0 0 6 —