COMMERCE AND FINANCE

Otago Daily Times, Issue 25101, 17 December 1942, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET YESTERDAY'S SALES Dunedin.-—Sales reported: Westport Coal, £1 4s 6cl; Gear Meat, £1; New Zealand Refrigerating (fully paid). £1 4s 6d. Auckland.—Sales on ’Change: Bank of New Zealand, £2 Os 6d; National Insurance. £1 Is 6d (2): Kauri Timber, £1 3s (2); Rotoiti Timber, 3s 6d; Auckland Gas, 7s; Bruce Woollen, £1 5s 3d; New Zealand Breweries, £1 15s; Swan Breweries. £1 Is fid; A.C.1.. £2 10s; Australian Iron and Steel (pref.), £1 8s 6d; Colonial Sugar, £52 (2); Farmers' Trading. £1 2s; Gear Meat, £1; Woolworths (Syd.). 15s lOd (2), 15s lid; Liberty Loan, 1952-55, 3 per cent., £9O 10s; Stock, 1943-46, 4 per cent., £lOl 2s fid, Wellington.—Sales on 'Change: 3| per cent. Stock, 1957-60. £lOl 10s; Rotoiti Timber, 3s 6d; Woolworths, Ltd., (2), 16s; Mount Lyell, £1 9s; Colonial Sugar, £52; Woolworths Holdings, £1 Is 6d. Christchurch.—Sales on 'Change; Woolworths, Ltd., 16s (2); New Zealand Refrigerating (10s paid), 10s 9d. Sales reported: Dalgety and Co., £7 7s 6d; Westport Coal. £1 4s 6d; New Zealand Breweries, £1 15s; Broken Hill Proprietary. £2 0s 9d. £2 Is; Kauri Timber, £1 3s; New Zealand Co-op. (4J per cent, stock, 1950), £95; Woolworths. Ltd., los Hid. LOCAL QUOTATIONS Government Loans.—3l per cent. Bonds and Stock, 1953-57, b. £104; 4 per cent. Bonds and Stock, 1943-46, b. £IOO 10s; 4 per cent. Bonds and Stock, 1946-49, b. £lO3 15s; 4 per cent. Stock, 1949-52, b. £lO4 15s; 4 per cent. Bonds and Stock, 1952-55, b. £lO5 10s; 4 per cent. Bonds and Stock. 1954-58. b. £lO6 ss; 31 per cent., 1956-59, b. £IOO 10s; 31 per cent 1957-60, b. £lOl, s. £102; War Loan. 1953, b. £93; 4 per cent. Rural Bonds, 1947, b. £lO3 ss: 3 per cent., 1952-55, b. £99 ss, s. £99 10s. . . Banking, Insurance, and Shipping.— A’asia. (£5), b. £9; N.Z. (£1). b. £2; N.Z. (long D, £1), b. £1 10s, s. £1 Us; E.S. and A. (£3). b. £3 15s 6d; Natl., N.Z. (£2 10s), b. £2 8s; National (7s), b. £1 Is 6d; New Zealand (£1), b. £3 17s; South British (10s). b. £3 7s 6d, s. £3 8s 6d: Standard (£1), s. £3 10s 6d; U.S.S. Co. (pref.. £1), b. £1 Bs. Meat and Agency.—Gear Meat (10s), s. £1 0s fid; N.Z. Refrig. (£1). b. £1 4s 3d, s. £1 4s 6d; N.Z. Refrig. (10s), b. 10s 9d. s. 11s; South. Frozen (pref.. £1), b. £1 16s 6d; South Otago (£5). b. £5; Waitaki Farmers (£5), b. £5; Natl. Mortgage (£2), b. £2 3s 6d; Natl. Mortgage (B, £1), b. £1 4s; L. and M. (ord.. £100), b. £3l; Perpetual Trust. (18s), s, £2 8s 6d; Trustees, Exec. (£3), b. £4 2s; W.S. (ord., £1), b. £1; W.S. (pref., £1), b. £1 Os Od. Breweries, Gas, Coal, Oil, and Wool. — N.Z. Breweries (£1), b. £1 14s 9d; Dunedin (£1), b. 19s; Kaitangata (16s), b. £1 13s; Westport (10s), b. £1 4s 3d; W.Stockton (ord., 10s), b. 2s 7d, s. 3s; Moturoa (pref., ss), s. 4s; Bruce (ord., £1), b. £1 3s 6d; Bruce (nref., £1), b. £1 Is; Kaiapoi (ord., 17s), b. 19s 3d; Kaiapoi (pref. 17s). b. £1 Os 6d; Mosglel (£4), b. £ll 9s; Timaru (£1), s. 19s 6d. Miscellaneous. —A.F. Co. (ss), b. 4s; Booth, Macd. (pref., 15s), b. 7s sd, s. 8s; Broken Hill Pty. (£1). b. £2 0s 6d; Brown, Ewing (pref., £1), b. £1 Os 6d; C. Begg and Co. (£1). b. £1; Crystal ice (£1). b. £2; D.I.C. (ord., 10s), b. 15s 6d; D. (pref.. £1), b. £1 5s 3d; Dorn. Fertiliser (£1), b. £1 Is 6d, s. £1 2s 3d; Donaghy’s Rope (£1). b. £2 11s 6d; G. J. Coles (£1). b. £2 16s 6d; Milburn Lime (£1), b. £1 13s 3d; McLeod Bros. (£10), s. £25; Natl. Electric (£1), b. £1 4s 3d; N.Z. Drug Co. (£2), b. £4 Is 9d; N.Z. Drug (new issue), b. £2 ss; Farmers Fertiliser (£1), b. 17s; Smith and Smith (pref £1), b £1; Woolworths (ord., ss), s 15s; Woolworths (Syd., ss), s. 16s. Mining.—Bulolo Dredging (5dol), b. £1 17s- E. Zinc (ord., £1). b. £2 8s; Mount Lvell (£1). s. £1 10s; Mount Morgan (2s 6d). s. 9s 4d; New Broken Hill (ss), b. 15s 6d; Clutha River (2s). b. Is 2d, s. Isi 6d; Gillespie’s Beach (Is), b. 3d; Waitahu (os), b. 4d, s. 5Jd. MARINE WAR RISKS NEW SCHEDULE OF RATES (P.A.) WELLINGTON, Dec. 16. Local advice has been received to the effect that the schedule of war risk marine insurance rates for Australia and New Zealand to or from the Mediterranean, east of Alexandria. has been fixed at 15 per cent; to or from Turkey east of Alexandria, ana excluding Black Sea, 17 h per cent.; to or from India, east of Cape Cormonn but not east of and Including Chittagong. 12. per cent.; to and from the Persian Gulf, 10 per cent. With regard to India east of Cape Cormorin, the rate is 15 per cent., and to the Persian Gulf 12 per cent. HARBOUR BOARD LEASES Messrs James Samson and Co. report that they submitted to auction yesterday 18 leases under instructions from the Otago Harbour Board. Each lease has 14 years to run from January 1, 1943. Sales were made as follows: — , Lot 1: Sections 18 to 26, 45a to 51, block 75. containing 2 aci’es 3 roods 32 poles, was purchased by the present lessee, CaltOx. Ltd., at the upset rental of £lo6o per annum. Lot 2: Section 10, block 68, containing 20 poles, to Magnus Nicholson at the upset rental of £ls. Lot 3; Section 9, block 68. containing 20 poles, to Hannah McQuillan at the upset rental of £ls. Lot 4: Section 8. block 68, containing 1 rood, to Annie Josephine Hannagan and Teresa Hannagan at the upset rental of £3O. Lot 5: Section 12, block 68, containing 1 rood 16 poles, to Somerled Bartlett McDonald (upset rental £4O). Lot 6: Section 4, block 68, containing 14 poles, to Eleanor Hooper (rental £ll ss). Lot 7: Allotment 1. containing 18 poles, to the Otago Education Board (rental £24). Lot 8; Section 3, block 68, containing 17 poles, to the executors of the late Ethel Lydia Murch (rental £18). Lot 9: Part allotment 2, block 72. containing 17 poles, to George Crocker Chiop, Janet Dyer, and Catherine Wilson (rental £l3 10s). Lot 10; Section 17, block 68, containing 39 poles, to William Nees and Sons, Ltd. (rental £3O). Lot 11: Section 11, block 68, containing 1 rood 1 pole, to Frederick George Hanson (rental £3O 18s). Lot 12; Section 30, block 58. containing 12 poles, to the Otago Farmers' Co-operative Association of New Zealand, Ltd. (rental £2O 10s). Lot 13: Section 13, block 68, containing 1 rood, to Perpetual Trustees Estate and Agency Comoany (rental £3O). Lot 14: Sections 25 and 27, Sawyers’ Bay district, containing 7 acres 7 poles, to Rachael Pollock Downes (rental £lO 10s). Lot 15: Section 8, block 69, City of Dunedin, to the Otago Education Beard (rental £3O). Lot 16: Allotment 2, block 72. containing 25 poles, to Alice Sarah Hewitt and estate Charles Fletcher Hewitt (rental £22 10s). Lot 17; Section 1, block 68, Dunedin, containing 26 boles, to Perpetual Trustees Estate and Agency Company (rental £lB 10s). Lot 18; Allotment 3, City of Dunedin. containing 16 poles, to the Otago Education Board (rental £27). OWAKA SALE The National Mortgage and Agency Company of New Zealand, Ltd., reports having held a sale at Owaka on Tuesday. The entry was confined principally to the cattle section, in which there was a full yarding. The sale was a keen one throughout, a complete clearance being made. The following is the range of prices:—Best three-year steers. £l2 to £l4 2s 6d; medium two and three-year steers, £lO to £lO 17s; 18-months steers, £7 17s 6d to £8 17s 6d; yearling steers, £5 10s to £7 17s 6d; yearling heifers, £5 5s to £5 15s; 18 r months to two-year heifers, £6 to £6 17s Od; fat cows. £7 5s to £9 17s 6d; cows and calves, £7 2s 6d to £8 2s 6d; fat ewes, 22s 6d to 24s 3d; fat lambs, to 2Gs.

John M. Fraser and Co., Ltd., selling agents for Otago and Oamaru Egg Circles, report as under:—Eggs: Pay-out for eggs received during week ended December 11heavy Is lOd, standard Is Bd, medium Is 6d. Potatoes: Oamaru potatoes, lid. Chaff; £6 10s to £7 15s per ton, sacks extra Whole fowl wheat; 22s fid to 24s 6d petsack. Honey wanted. Butter; lid to Is per lb. Poultry: White Leghorn hens, 4s fid to 6s fid; heavy breeds, 7s to 9s; cockerels, light 5s to 7s, heavy breed 9s fid to 12s; W.L. roosters, 3s to ss; ducks, 4s to ss: ducklings, 6s to Bs, all per pair. Turkeys (wanted): Gobblers, lOd to Is petlb, live weight; hens, 9d to lOd per lb. We stock “ C.F.M.” and Waitaki meatmeal, butler milk powder, wheatmeal do replace pollard). We are Otago agents for: " 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.