COMMERCE AND FINANCE

Otago Daily Times, Issue 24825, 27 January 1942, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET YESTERDAY'S SALES Dunedin.—Sale reported: Southland Fi'ozen Meat (ord.), £1 14s. Auckland.—Sales on ’Change: War loan, 1951-55. 3 per cent., £9B 10s (2); Bank of New Zealand, £1 19s 3d; New Zealand Insurance, £3 5s (3); South British, £2 17s 6d: Consolidated Brick, 7s 3d. Wellington.—Sales on ’Change: Equitable Building deb. stock (late Friday), 17s; G. J. Coles (late Friday), £2 15s. Sales to-day; 3 per cent. Stock, 1951-54, £9B 10s; war loan, 1953, £B6 17s 6d: Bank of New Zealand, ’£l 19s sd; Goldsbrough, Mort, £1 6s: Standard Insurance, £3; New Zealand Breweries (odd lot), £1 14s 6d; Woolworths (N.Z.), ord., 14s Bd.

Christchurch.—Sales on ’Change: 4 per cent. Inscribed, 1943-46, £lO2 12s 6d; 4 per cent. Inscribed, 1946-49, £lO3 15s; Goldsbrough Mort, £1 6s 3d; New Zealand Breweries, £1 14s 6d; Kaiapoi Woollens (17s paid). 18s 3d; New Zealand Newspapers. £1 13s 6d. LOCAL QUOTATIONS

Government Loans. —3J p.c., 1953-57, b, £lOl ss; 4 p.c., 1943-46, £lO2 10s; 4 p.c., 1946-49, b. £104; 4 p.c. Stock. 1949-52, b. £lO5 10s; 4 p.c. Stock, 1952-55, s. £106; 3 p.c. Nat. Dev. Loan, 1945, b. £99 ;War Loan, 1953, b. £B6 10s, s. £B7.

Banking, Insurance, and Shipping.—N.Z. (£1). s. £1 19st. 6d; N.Z. (long D, £1). s. £1 10s 6d; Commercial (10s), s. 14s; Union (£5), s. £6 15s; National (7s), b. 19s 3d; South British (10s), b. £2 16s 9d: U.S.S. Co. (pref., £1). b. £1 6s 3d. s. £1 7s. Meat and Agency.—N.Z, Refrig. (10s), b. 8s Bd, s. 9s 2d; South. Frozen Meat (ord., £1). b. £1 13s 6d, s. £1 14s 6d; South Otago (£5). b. £5; W.S. (pref., £1), s. £1 Is.

Breweries, Gas, Coal, Oil, and Wool. — N.Z. Breweries (£1), s. £1 15s; Dunedin (£1), s. £1; Kaitangata (15s). b. £1 12s; Westport (10s), b, £1 4s 9d; W.-Stockton (pref., 10s), b. 6s 9d; Bruce (ord., £1), b. £1 3s, s. £1 5s 6d; Bruce (pref., £1), b. £1; Kaiapoi (ord., 17s), b. 17s; Kaiapoi (cont., 7s), b. 6s 3d; Kaiapoi (pref., 17s), b. 18s; Mosgiel (£4), b. £lO 15s; Timaru (£1), s. 18s 6d. Miscellaneous. —Booth Macd. (pref., £1), b. 4s 6d, s. 5s 3d; Broken Hill Pty. (£1), b. £1 12s, s. £1 17s Od; C. Begg and Co. (£1), b. £l, s. £1 2s; D.I.C. (pref., £1), b. £1 4s; Dom. Rubber (£1), b. 2s, s. 8s; Donaghy’s Rope (£1), s. £2 11s 6d; Donaghy’s Rope (cont.), s. £1 14s 6d; Dunlop Rubber (£1), s. £1 2s; G. J. Coles (£1), b. £2 15s; Mac Duffs (ord., £1), s. 9s 3d; McLeod Bros. (£10), b. £25; Natl. Electric (£1), b. £1 Is 3d, s. £1 3s 6d; N.Z. Drug Co. (£2), b. £3 15s; Farmers’ Fertiliser (£1), s. £1 Is; Otago Daily Times (£1), b. £1 18s 3d; Regent Theatre (£1), s. 19s; Smith and Smith (pref., £1), b. 18s 6d; Woolworths (ord.. ss), s, 14s 8d; Sharlands, £1 Is. Mining.—E. Zinc (ord., £1). s. £2 7s; Emperor (10s), b. 4s; Mount Lycll (£1), s. £1 6s 3d; Mount Morgan (2s 6d), s. 8s 9d; New Broken Hill (ss), b. 12s; Rawang Tin (10s), b, 2s 6d; Gillespie's Beach (Is), b. 2d; Nokomai (ss), b. 3d, s. 6d; Waitahu (ss), s. 6d. Unlisted Stocks.—Assoc. Motorists Petrol (pref.), b. £1 2s; Mackintosh Caley Phoenix, b. 15s, s. 17s; Dunedin WindowCleaning Co., b. 9s 6d; Snowhite Laundries, b. 7s 6d. MINING NEWS GILLESPIE’S BEACH RETURN The Gillespie’s Beach Gold Dredging Company, Ltd., reports that the wash-up for the week ended Saturday. January 24, was 490 z 15dwt for 132 hours from 16,124 cubic yards. OKARITO RETURN The Okarito Five Mile Beach Gold Dredging Company, Ltd., report a wash-up of 14oz 14dwt of gold as the result of 195 J hours’ dredging, TIN STATISTICS WORLD PRODUCTION According to’ the current issue of the, Tin Research Institute’s Statistical Bulletin, -world production of tin in September last was estimated at 19,400 long tons, compared with 21,800 tons in September, 1940. Production for the first nine months was 185,900 tons in 1941, against 165,400 tons in 1940. United States deliveries totalled 12,715 tons In September, 1941, against 13,625 tons in August. The tin consumption; of the .United Kingdom was 2079-tons in August, ’ 1941, against 2418 tons in July and 2322 tons in August, 1940. World stocks of tin, including smelters’ stocks and carry-over, decreased by 4135 tons during September last to 46,729 tons at the end of the month. Stocks at the end of September, 1940, were 52,824 tons. COLOMBO TEA SALE

Mr L. M. Wright has received the following cabled report on the Colombo tea auction of January 20:—At the weekly tea sale of 4,500,0001 b, all grades were in strong demand. Common teas remained steady, while medium and top quality teas advanced 3d t'o Id. The quality of the offerings showed improvement. A total of 2,500,0001 b will be submitted to buyers at next week's sale.

Scott Bros., produce merchants and commission agent’s, registered egg and onion merchants, reportEggs—For consignments received on 19th to 23rd January, inclusive, pay out values to clients will be as follows: Heavy Is 7d, standard Is 6d, medium Is 3d. Values have increased as from 26th to Is 9d, Is Bd, Is sd. Separator butter, 9d to lOd per lb. Honey, 7d to 8d per lb; 101 b tins 7s to 9s each; 51b tins, 4s 9d t'o 5s each. Poultry—Market weaker. Hens, Is 3d to Is 6d each; heavy breeds, 2s to 2s 6d each; ducks, Is 9d to 2s 6d each; ducklings, 2s 6d to 3s each: roosters, Is to Is 6d per head; cockerels, light, Is 6d to 2s 6d each; heavy, 3s to 4s each; geese, 3s to 4s each; goslings, 3s 6d to 4s 6d each: turkeys, gobblers, 9d to lid per lb; hens. 8d to lOd per lb. Fat, nominally 8s t’o 10s per cwt. Potatoes, Outram and Oamaru, 2d to 2J per lb. Whole fowl wheat, to 7s 6d per bushel, sacks extra. Chaff, prime oaten sheaf, £6 5s per ton; ex truck, £7 ex store, bags extra. Whole maize, 8s 6d per bushel. Oyster grit, 6s 6d per 1001 b bag. .Straw, wheaten, 3s and 3s 6d per bale; oaten, 4s 3d per bale, ex store. Lucerne meal, 12s per 901 b bag. Lucerne chaff. 8s 6d per sack. Onions, to arrive this week. Eggs: We grade all consignments to regulation over automatic weighing and candling machines. Payments weekly.—Jan. 26, 1942.