COMMERCIAL

Southland Times, Issue 21661, 24 March 1932, Page 2

COMMERCIAL

STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday's call-over on the Invercargill Stock Exchange, the following prices were quoted:— Banks. Commercial: b 13/9; s 14/-. E.S. and A. Bank: s 83/-. National of Australasia (ord.): s £lO 5/-. National of New Zealand: b 65/-. New South Wales: s £25 5/-. New Zealand: b 42/9; s 43/6. Union of Australia: s £6 18/-. Breweries. New Zealand Breweries (stock): b 20/-. Coal. Westport Coal: s 21/-. Westport Stockton, 8 per cent, non-cum. (pref.): a 3/-. Kaitangata: b 2/6 dis. Insurance. National: s 12/6. New Zealand: « 37/-. South British: b 47/6; s 50/6. Standard: s 39/-. Meat Companies. New Zealand Refrigerating (20/- paid) : b 10/-; (10/- paid) : b 3/9. Southland Frozen Meat (£1 ord.) : b 37/-; (10/- ord.): b 18/6; (£1 pref.): b 37/-. South Otago Freezing Co.: b 40/-. Mining. Kildare: b 1/5; s 1/10. King Solomon: b 1/2; s 1/5. Okarito: b 8/10; s 9/1. Waihi Gold Mining: s 16/6. Gillespie’s Beach: par. Golden Terrace: s 5/6. Shipping. P. and O. S.N. Co. (def. stock): b 22/6. Woollen Mills. Kaiapoi (ord.): s 7/-. Miscellaneous. D.I.C. (ord.): b 11/9; s 12/6; (pref.): s 20/3. Dominion Rubber Co.: s 6/-. Milburn Lime and Cement: s 28/-. New Zealand Drug: s 47/6. New Zealand Paper Mills: s 19/-. Debentures. Government Inscribed Stock, 41- per cent. 1938: b £92 5/-. Government War Bonds, 44 per cent.., 1938: b £92 5/-. Government Inscribed Stock, 41 per cent, 1939: b £92 5/-. Government War Bonds, 41 per cent., 1939: b £92 5/-. Government. Bonds, 51 per cent., 1937: b £96 10/-; s £9B 15/-. Government Stock, 51 per cent., 1937: s £9B 5/-. NORTHERN EXCHANGES. Auckland, March 23. Sales on ’Change: Bonds (1935) 51 per cent.. September, £96 17/6; Auckland City (1940) 5} per cent. £96 16/-; New Zealand Breweries 23/3; New Zealand Refrigerating 10/6; Wilson’s Cement 26/6; Golden Dawn 7/1; Waihi 15/11, 16/-; Inscribed Stock (1936) 54 per cent. £96 15/-. Wellington, March 23. Sales reported: New Zealand Government 41 per cent. Stock (1938) £92 10/- (late Tuesday); 5J per cent, (1937) £9l 10/-; National Bank of New Zealand £3 7/4; New Zealand Refrigerating Co. (£1) 10/9; British Tobacco Co. (ord.) £1 6/3 (cum. div.) ; Consolidated Goldfields 2/3 (late Tuesday). Christchurch, March 23. Sales on ’Change: New Zealand Government 54 per cent. Inscribed (September, 1937), £97; Commercial Bank of Australia 14/-; New Zealand Refrigerating (£1 paid) 10/8; Cornish Point lid (2); Golden Dawn 7/3, 7/2, 7/1 (2); Golden Point 6d (3) ; King Solomon 1/3 (3) ; Mahakipawa 24d; Golden Progress 3/-. Sales reported: New Zealand Government 44 per cent. Inscribed (1938) £92 12/6; Christchurch Gas 24/6; British Tobacco (cum. div.) 26/3. Dunedin, March 23. Sales reported: Bank of New South Wales £24 17/6; Okarito 9/- (two). 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 SALE. Christchurch, March 23. Despite interference with killing by the Easter holiday period, entries at the weekly market at Addington to-day were normal in most instances. Store Sheep.—A smaller entry of lambs and prices on a par with late rates. A very heavy adult sheep yarding, including Chatham Islands, Otago, Southland, Marlborough and North Island hues. There were no apparent alteration in late rates. Values were: Good two-tooth Romney and Romney-cross ewes to 16/9, ordinary 14/to 16/-, ordinary four and six-tooth 10/to 13/6, good six and eight-tooth 12/- to 13/3, ordinary s.m. crossbred ewes 7/6 to 9/-, good two-tooth halfbred ewes 15/- to 17/-, medium 13/- to 14/6, ordinary to 12/-, extra good four-year Corriedale ewes to 13/4, good rape lambs 10/- to 11/6, medium 8/- to 9/6, ordinary 5/- to 7/9, backward 3/6 to 4/9, medium ewe 7/6 to 9/6. Fat Lambs.—An entry of 2850 and prices generally easier. Values were: Extra prime lambs 20/-, prime 16/6 to 18/-, medium 12/6 to 16?-, light 7/6 to 12/-. Fat Sheep.—An entry of 4700 including lines from the Chatham Islands and Otago. The market was easier. Values were: Extra prime heavy wethers to 22/10, prime heavy 16/- to 17/6, medium weight prime 14/to 15/6., light 10/- to 13/6, extra prime heavy ewes to 16/7, prime 11/6 to 15/-, medium weight 8/6 to 11/-, ordinary 6/6 to 8/-, aged and inferior 4/- to 6/-. Fat Cattle.—An entry of 270 head. A dull sale with a slight easing in value. Extra prime beef made 22/- to 25/-, good 19/- to 22/-, heavy 17/- to 20/-, medium quality 14/- to 17/-, rough 10/- to 13/6. Values were: Extra prime heavy steers to £l2 2/6, prime heavy £9 to £lO 15/-, prime medium weight £6 10/- to £8 10/-, medium quality £4 10/- to £6 5/-, light £3 5/- to £4 5/-, extra prime heifers to £9 7/6, prime £6 10/- to £B, medium £4 10/- tq £6 5/-, light £3 to £4 5/-, extra prime cows to £lO 17/6, prime £6 to £B, medium £4 5/- to £5 10/-, light £2 17/6 to £3 15/-. Fat Pigs.—A good entry of baconers including 310 head from the West Coast. The general quality was good and the market easier. . The medium entry of porkers sold indifferently with values below those of last week. Values were: Choppers £2 to £4 11/-, baconers 35/6 to 45/6, heavy baconers 46/6 to 50/-, extra heavy baconers to 53/6, average price per lb 3|d to 4Jd, porkers 29/6 to 32/6, heavy porkers 33/6 to 35/6, average price per lb 54d to 6d. EASTERN DISTRICT FAT STOCK. PRICES AT BURNSIDE MARKET. Eastern district vendors of fat stock at the Burnside market on Tuesday secured the following prices:— Cattle: Crawford Bros. (Fortrose), heifers £6 12/6, £5 17/6, £4 17/6, and £4 2/6, cows £6 7/6 and £5 12/6. Turner Bros. (Gore), bullocks £6 10/-. John Black (Mataura), cows £5, £4 15/- and £4, heifers £3 15/-, £3 10/- and £3. F. Hutton (Edievale), cows £4 17/6, £4 12/6, £4 and £3 10/-.

Sheep: Edie Bros. (Edievale), wethers 18/6, ewes 16/-, 11/3, 10/9 and 8/6. Robert Finlay (Dunrobin), wethers 18/6, 18/-, 16/6 and 16/-, ewes 12/-, 11/6, 11/- 10/6 and 10/-. B. Thorp (Moa Flat), ewes 14/-. A. Farmer (Edievale), ewes 11/9, 7/3, 6/6 and 6/3. H. Thomson (Pukerau), lambs 16/-. CANADIAN BUTTER. RETAIL PRICES ADVANCE. Vancouver, March 22. The local retail butter prices have advanced 39 per cent, during the past month. Cold storage supplies are steadily decreasing through a shortage in production. DAIRY PRODUCE. Mr G. Blaxall reports having received the following advice from Messrs Lovell and Christmas, London, dated March 22, 1932. Butter: 107/- to 108/-. Cheese: Coloured 62/-; white 61/-. LONDON MARKETS. The Department of Agriculture has received the following cablegram, dated 19th instant, from the High Commissioner for New Zealand, London:— Tallow: Poor demand at auction. Six hundred and ninety-four casks were offered, of which 101 sold. Present spot quotations are:—Mutton: Fine 25/-, fair to good 23/to 24/-, dark to dull 21/- to 22/-. Beef: Sweet and/or mixed 25/- to 26/-, fair to good 22/- to 24/6, dark to dull 20/- to 21/-. Mixed: Fair to good 22/- to 24/6, dark to dull 20/- to 21/-. Gut, Etc.: 19/to 21/-. Hemp: Manila—market steady despite poor trade demand. “K” grade for February/April, March/May shipment sold from £l7 15/- to £lB. Output January 1 to March 14 198,000 bales against 270,000 bales for same period last year. Stocks in the United Kingdom at February 29, 21,374 bales against 6,459 bales at same time last year. Stocks in Manila 91,000 bales against 113,350 bales same time last year. Sisal: Market quiet, but steadier at the close. Value of No. 1 fair average quality for March/May shipment £l4 10/-. New Zealand: Market unchanged on the basis of Common £l5 ’l5/- for March/April shipment. Highpoints offered at £lB. No first hand sales reported. Stocks in London at February 29 31 tons, against 38 tods same time last year. AUSTRALIAN STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. (Rec. 7.5 p.m.) Sydney, March 23. A holiday spirit pervaded on the Stock Exchange which has closed till March 31. Moderate business was transacted to-day at about yesterday’s levels. Sales: Commonwealth Bonds, 4 per cents. 1938, £94 17/6; 4 per cents. 1951-53, £9O 5/-; 4 per cents. 1951-57, £9O 12/6; 4 per cents, 1959, £9l 7/6; 4 per cents. 1955 £9O 7/6; National Bank, 103/6; Colonial Sugar, £4O 15/-; New Guinea Goldfields, 6/5 and 6/4. Melbourne Sales: British Tobacco 29/9; Broken Hill Proprietary 15/8; Dunlop Perdriau 11/2: Herald and Weekly Times 43/6; Broken Hill South 56/-; Broken Hill North 66/-; Australian Glass 34/G. The exchange closed to-day for the Easter holidays.