COMMERCIAL

Southland Times, Issue 21577, 15 December 1931, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S CALL-OVER. At yesterday’s call-over on the Invercargill Stock Exchange the following prices were quoted:— Banks. Australasia: s £9 2/-. Commercial: b 16/2; s 16/6. E.S. and A. Bank: b £4 6/-; s £4 11/-. New Zealand: b 45/6; s 46/3. Union of Australia: b £7 16/-; s £8 1/-. Breweries. New Zealand Breweries (shares): b 28/9; s 30/-. Tooth’s Brewery: s 23/-. Coal. » Westport Coal: b 24/6; s 25/9. Kaitangata: b 3/6 dis. Insurance. National: b 12/8; s 13/-. New Zealand: b 40/6; s 41/3. Standard: s 44/6. Loan and Agency. Dalgety and Co.: s £8 4/-. Goldsbrough, Mort and Co;: s 24/-. Meat Companies. Gear Meat Co.: b 27/-. New Zealand Refrigerating (10/- paid): b 4/10; s 5/1. , v , Southland Frozen Meat (£1 ord.) : b 34/6; (10/- ord.): b 17/3; (£1 pref.): b 34/6. Mining. Kildare: b 1/8; s 1/10.King Solomon: s 2/6. Okarito: b 10/4; s 10/9. Waihi Grand Junction: b 3/8. Shipping. Huddart-Parker: b 22/3. Miscellaneous. British Tobacco (Aust.): b 26/3. Donaghy’s Rope and Twine: b 28/6. McLeod Bros.’ Soap: b £2l 10/-. Milburn Limo and Cement: b J7/-; s 30/-. New Zealand Drug: s 50/-. . New Zealand Guarantee Corporation: s 5/8. New Zealand Paper Mills: b 18/3; s 20/-. Otago Daily Times: b 45/-. Wilson’s (N.Z.) Portland Cement: s 35/9. Debentures. Government Inscribed Stock, 4-J per cent., 1938: s £97. Government Bonds, 5J per cent., 1J37. b £99. Late Sale on Saturday. King Solomon: 2/6. NORTHERN EXCHANGES. Auckland, December 14. Sales on ’Change: Bonds (1937) 54 per cent. £lOO 5/-; Bank of New Zealand £2 6/-; Goldsbrough Mort £1 4/-; Kauri Timber 10/5; Australian Glass £1 9/-; Colonial Sugar £3B 5/-; Golden Dawn 7/-, 7/1; Golden Dawn rights 1/3; Mount Lyell £1 0/9. ~ V Wellington, December 14 Sales reported: New Zealand Government 41 per cent. Stock (1938) £96 15/-; (1938) £96 12/6; 51 per cent. (1937) £lOO (2 sales); Bank of Australasia £8 18/-; King Solomon Gold Mining 2/7 (on ’change.) Christchurch, December 14. Sales on ’Change: Bank of Australasia £9; Commercial Bank of Australia 16/6 (3); National Bank of New Zealand (cum. div.) £4 6/-; Union Bank of Australia £7 17/6; Goldsbrough Mort 24/-; British Tobacco (cum. div.) 26/11 (2); Golden Point 8d (4); King Solomon 2/4 (3); 2/3. Sales reported: Woolworths (N.Z.) (pref.) 24/9; Tooth’s Brewery 22/10. HUNTER & REID. DALGETY’S BUILDINGS, DON STREET. INVERCARGILL. PUBLIC ACCOUNTANTS, AUDITORS. SECRETARIES, AND SHAREBROKERS. J. B. REID, F.P.A., NZ. Member Invercargill Stock Exchange. Telegraphic Address: "Foxhound.” Telephone: 212. Ax 1043 DAIRY PRODUCE. The New Zealand Dairy Produce Board has received the following market report from its London office dated December 11, 1931:— , f x Butter. —New Zealand salted 102/- to 106/-; unsalted 116/- to 120/-. 102 to 106/- equals approximately lOgd f.o.b. First whey 98/-; second whey 96/-. Deliveries New Zealand 1680 tons. In store New Zealand 2765 tons. Includes 262 tons Corinthic, excludes 1050 tons Port Alma. Australian salted 100/- to 104/-; unsalted 108/to 110/-; deliveries Australian 1675 tons. In store Australian 1512 tons. Market weak and irregular. Argentine unsalted 90/- to 100/-, exceptional 102/-; Danish 132/- f.0.b., 140/- spot. Dutch unsalted 144/- to 146/-; Siberian 94/- to 96/-; Ukranian 93/- to 96/-. Market quiet. New Zealand retail price 1/2, Danish 1/4. Cheese. —New Zealand white 63/- to 64/-, coloured 60/- to 62/-. 60/- to 64/- equals approximately 6d f.o.b. Deliveries New Zealand 15,271 crates; in store New Zealand 27,125 crates. Excludes 3500 crates Port Alma. Australian white 60/- to 62/-, coloured 58/- to 61/-. South Africa, coloured 56/- to 58/-; Canadian, white and coloured 66/- to 70/-. Deliveries Canadian 24,500 boxes. In store Canadian 229,772 boxes. English finest farmers 92/- to 100/-. Market slow. New Zealand retail price 9d. 'The board has also received the. following advice from its agents in Canada: — Butter: New York 34 cents., Montreal 22 cents. Messrs Henderson and Co., Ltd., report having received the following cable dated 14th instant from their London principals, Messrs Trengrouse and Nathan, Ltd.:— Butter: Finest 104/-, first 102/-. Cheese: White 62/-, coloured 60/-. Market weak. SHEEPSKIN SALES. Messrs Dalgety and Company, Limited, report having received the following advice from their head office, London, under date of December 13, 1931: — Merino three-quarter to full woolled 44d to 6d; Merino quarter to half-woolled 24d to 3Jd; Merino short and shorn Ijd to 2}d; Crossbred three-quarter to full woolled fine 4jd to 6d; medium to coarse 3|d to sd; quarter to half-woolled fine 3Jd to 4Jd; medium and coarse 3jd to 4|d; Crossbred short and shorn 21 d to 3}d; lambs 3jd to old. A total of 8788 bales offered; 6590 bales sold. OTAUTAU STOCK SALE. (From Our Correspondent.) There was a very poor yarding at the monthly sale at Otautau on Friday, and prices were low. The cattle entry was chiefly made up of bulls, which met with a very poor demand, prices ranging from 12/6 to £2 10/-. One very nice Jersey was passed at £5. Fat cows made from £3 to £4 5/-. One pen of yearling steers was offered and passed at 38/-. The only sheep entry was a pen of about 60 ewes and lambs, the ewes being good full and failing-mouths, and the lambs good sappy sorts. They changed hands at 6/1, all counted. GOLDEN TERRACE EXTENDED GOLD DREDGING C0 n LTD. The dredgemaster of the. Golden Terrace Extended Gold Dredging Co., Ltd., reports a wash-up of 48oz for 150 hours dredging. This and the last two returns show an average of 490 z 14dwt a week;