COMMERCIAL

Southland Times, Issue 21561, 26 November 1931, Page 2

COMMERCIAL

THE STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over on the Invercargill Stock Exchange the following prices were quoted:— Banks. Australasia: s £lO. Commercial: b 15/9; s 16/3. E.S. and A. Bank: s 90/-. National of Australasia (cont.): a £5 5/-. New South Wales: s £3O. New Zealand: b 48/--; s 49/-. New Zealand Long “D” issue: b 25/6. Union of Australia: s £8 3/-. Breweries. New Zealand Breweries (shares): b 29/6; s 30/G. Coal. Westport Coal (ex. div.) : b 24/6; s 26/-. West port 8 per cent, non-cum pref.: s 3/-. Insurance. National: b 13/-; s 13/9. Standard: b 43/-. Loan and Agency. Goldsbrough, Mort and Co.: b 22/-; s 22/3. Wright, Stephenson and Co. (ord): b 15/-. Meat Companies. Gear Meat Co.: b 25/-. New Zealand Refrigerating (20/- paid) : b 10/-; s 11/9; (10/- paid): b 4/2; s 4/5. Southland Frozen Meat (£1 ord.): b 34/-; (10/- paid): b 17/-; (£1 pref.): b 34/-. Mining. Cornish Point: s 6d. Electrolytic Zinc (pref.) : b 17/3; s 19/3. King Solomon: s 2/-. Okarito: b 9/2; s 9/6. Waihi Gold Mining: b 14/6; s 15/3. Waihi Grand Junction: b 3/-. Shipping. Union Steam Ship Co. (pref.) : b 20/2. Woollen Mills. Mosgiel: b £6 10/-. Miscellaneous. British Tobacco (Aust.): b 24/6. Christchurch Gas Co.: b 24/6. D.I.C. (pref.): s 20/3. Donaghy’s Rope and Twine: b 28/6. Milburn Lime and Cement: b 27/-; s 30/-. New Zealand Drug: b 49/6; s 50/6. New Zealand Paper Mills: b 17/3. Wilson’s (N.Z.) Portland Cement: b 35/6. Debentures. Government Inscribed Stock, 44 per cent., 1938: b £96; s £97 10/-. Government War Boncks, 44 per cent., 1938: b £96; s £97 10/-.

Government Inscribed Stock, 4J per cent., 1939: b £96; s £97 10/-. Government War Bonds, 4J per cent., 1939: b £96; s £97 10/-. Government Bonds, 54 per cent., 1937: s £99. Government Stock, 51 per. cent., 1937: s £99. Late Sales Yesterday. Standard Insurance: 46/-. Union Banks: £8 1/-. 54 per cent. 1936, Bonds: £9B 10/-. NORTHERN EXCHANGES. Auckland, November 25. Sales on ’Change: Bonds (1937) 54 per cent, (late sale Tuesday) £99; to-day £9B 12/6; Bonds (1933) 5| per cent. £97 10/-; Commercial Bank of Australia (late sale Tuesday) 15/10, to-day 15/11 16/-; Bank of New Zealand 48/1, 48/3; New Zealand Insurance 40/-; South British 54/6; National 13/-; Taupiri Coal 18/-; Auckland Gas (cont.) 17/3; New Zealand Breweries 30/-; do. deb. 21/3; Tooth Farmers’ Trading A pref. 14/6; Blackwater Mines 4/4; King Solomon (late sale Tuesday) 1/8; Waihi 15/3; Waihi Junction (2) 3/5. , Wellington, November 25. Sales reported: New Zealand Government 51 per cent. Stock (1937) £9B 12/6 (late Tuesday) 2 sales; (1937) £9B 10/-; Bonds £9B 12/6; Stock (1937) £9B 12/6; Bonds (1937) £9B 10/- (on ’change); Commercial Bank of Australia (ord.) 16/- (on ’change); Dalgety and Co. £7 16/- ex div.; Tooth and Co. Brewery £1 0/3 (cum. div. late Tuesday). Christchurch, November 25. Sales on ’Change: New Zealand Government 54 per cent. Inscribed (1936) £9B 10/-; Bank of New Zealand (cum. div.) 48/3 (2); 48/3; New Zealand Government 54 per cent. Bonds (1937) £9B 5/- (2), £9B 16/-, £9B 5/-; Goldsbrough Mort 22/9 (3); New Zealand Breweries (cum. div.) 30/-; Tooths’ Brewery (cum. div.) 19/9, 19/8; Mt. Lyell (cum. div.) 19/8, 19/10 (2) ; Golden Point 7d (2). Sales reported: New Zealand Government 54 per cent. Bonds (1936) £9B 10/-, £9B 5/-); Commercial Bank of Australia pref, (late sale 24th) £6 6/-; Bank of New Zealand (cum. div.) 48/3; Goldsbrough Mort 22/9; New Zealand Breweries (cum. div.) late sale 24th, 29/11; Colonial Sugar £36; New Zealand Government 54 per cent. Bonds (1937) £9B 12/6. Dunedin, November 25. Sales reported: Bank of Australasia £9 5/-; Bank of New Zealand 48/6, 48/9. HUNTER & REID. DALGETY’S BUILDINGS, DON STREET. INVERCARGILL. PUBLIC ACCOUNTANTS, AUDITORS, SECRETARIES. AND SHAREBROKERS. J. B. REID, F.P.A., N.Z. Member Invercargill Stock Exchange. Telegraphic Address: “Foxhound.” Telephone: 212. Ax 1043 ADDINGTON STOCK MARKET. FAT LAMBS IMPROVE. Christchurch, November 25. Smaller entries were the rule to-day at Addington. Fat sheep and fat lambs improved slightly in value, but fat cattle and store sheep were easier. Store Sheep.—The entry was much smaller and consisted chiefly of ewes and lambs. Ewes and lambs were slightly easier, but wethers were down one shilling a head. Medium ewes and lambs 7/9 to 9/6, ordinary 6/- to 7/6, backward 4/7, ordinary wether hoggets 7/- to 7/9, medium 4 and 6-tooth wethers 9/- to 10/4, ordinary 7/- to 8/4. Fat Lambs.—A total of 1150 were yarded. Values averaged about 6d a lb. Show lambs made 24/4, prime 18/6 to 21/6, medium 16/1 to 18/3, light 11/9 to 16/-. Fat Sheep.—An entry of 3,300 compared with 5100 last week. There was an average advance up to 1/6 a head. The works open on December 1, but there is no operating by export buyers. Extra prime heavy wethers to 20/10, prime wethers 17/6 to 20/-, medium 14?6 to 17/-, light 11/- to 14/-, extra prime heavy’ ewes to 18/6, prime ewes 14/- to 17/-, ordinary 10/- to 13/6, light 6/- to 9/6. Fat- Cattle. —A smaller entry of 375 head, practically all Canterbury fattened. A very dragging sale. Prices were the lowest for years. Best beef made to 25/- per lOOlbs, ordinary to good 19/- to 23/-. The quality of the entry was good. Extra prime heavy steers to £ll 7/6, prime heavy £8 15/- to £lO 12/6, medium weight prime £7 to £8 10/-, ordinary £4 10/- to £6 15/-, light £3 5/- to £4 5/-, extra prime heifers to £lO 2/6, prime £6 5/- to £9, medium £4 to £6, light to £3 15/-, extra prime cows to £lO 2/6, prime £5 to £8 15/-, ordinary £3 10/- to £4 15/-, aged £2 10/- to £3 5/-. Fat Pigs.—A slightly better demand. Choppers 55/- to £4 6/-, baconers 44/- to 55/-, average price per lb 3d to 4 Id, porkers 33/- to 39/6, average mice per lb 5-ld to 64d. Store Pigs.—A heavy entry and easier prices. Small weaners 15/- to 17/-, others 18/- to 22/-, stores 19/- to 34/-, sows in pig £5 11/-. WOODLAND’S STOCK SALE. The monthly stock sale was held in perfect weather and before a good attendance in the company’s yards on Friday afternoon. There was nothing exceptional yarded in either the sheep or. cattle sections, quality and quantity being on a par with recent sales. Prices may be quoted as follows:— Sheep: Only pens of ewes and lambs forward. Prices from 3/- to 8/- all counter!. The latter quotation being obtained for a line of sound-mouth well-woolled sheep with good conditioned lambs. Cattle: Prices for store cattle disappointing. Medium quality 2-year-old steers £3 10/-; fine of Hereford yearlings 30/-. Competition was keener for dairy cows, prices going to £7. Number of bulls of all ages offered, best of which changed hands at £5. DAIRY PRODUCE. Mr G. Blaxall has received the following advice from Messrs Lovell and Christmas, London, Ltd., dated November 24, 1931:— Butter: 102/-, 107/-; cheese: 62/-, 64/-. Both markets slow. LONDON WOOL SALES. ADVANCE IN PRICES. London, November 24. At the wool sales 11,853 bales were offered, including 4,559 from New Zealand. About 9022 were sold. There was a representative selection of all sorts and a crowded attendance of buyers and good competition resulted, especially from the French and German representatives, but the Yorkshire demand was only moderate. Prices advanced compared with the October closing as follows:—Merinos, greasy, 5 per cent.; scoureds 10 per cent.; crossbreds, fine 10 per cent.; medium, 5 to 74; slipes, 10 to 15. New Zealand: Greasy crossbreds, “Waikeke,” 114 d to 9Jd; half-bred lambs, Canterbury 124 d and 12}d. The National Mortgage and Agency Co. of New Zealand, Limited, report having received the following advice from their London office regarding the wool sales:—The auctions opened here to-day with an average attendance of buyers. Irregular competition with chiefly Home trade. Compared with closing rates of last sales we quote: Greasy Merino best Jd, greasy Merino average 4d; halfbreds 50/56 lid to 2d; crossbreds 48/50 id, 46/48 4d, 44/46 Id, 40/44 4d; 36/40 Id; scoured Merinos Id to lid; scoured crossbreds lid to 2d; fine slipes Id to Ijd; medium and coarse slipes Id, all dearer.

Messrs Dalgety and Company, Limited, report having received the following market cable from their head office, London, under date of November 24, 1931:—London Wool sales opened. Attendance large, selection good. Good competition except greasy Mer-

ino rather irregular. As compared with closing rates of last series. Greasy Merino par to jd higher, scoured Merino lid to 2d higher; greasy half bred lid to 2d higher; greasy crossbred fine lid to 2d; greasy crossbred medium and coarse 4d to id higher; (except medium hogget) lid; fine slipe Id to lid higher; slipe, other sorts id. higher. The New Zealand Loan and Mercantile Agency Co., Ltd., report having received the following cable from their London house under date of 25th instant:—There was a full attendance at the opening of the sales to-day, competition by Home and Continental buyers being irregular, and prices as compared with close of preceding series ruled Id to lid higher for crossbred scoured, crossbred slipe and scoured Merino. Half-penny to Id higher for medium greasy crossbred, coarse greasy crossbred and greasy Merino; 2d higher for crossbred fine greasy. The opening catalogues were representative. SYDNEY WOOL SALES. STRONG JAPANESE COMPETITION. (Rec. 9.50 p.m.) Sydney, November 25. At the wool sales 11,277 bales were offered and 9933 sold, also 1505 which were disposed of privately. Japanese competition was particularly keen and the demand from other sections of the trade was up to the average. Greasy Merino made to 224 d.