COMMERCIAL

Southland Times, Issue 21835, 12 October 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. , Australasia: b £9 16/-. Commercial: b 14/6, s 14/10. Commercial, pref, 4 per cent, (cum.): s £7 9/-. National of Australasia (cont.): b £5 12/-. New South Wales: b £2B. New Zealand: s 46/3. New Zealand Long “D” issue: b 28/6. Union of Australia: b £7/16/6. Breweries. Dunedin Brewery Co.: b 21/3, s 23/6. New Zealand Breweries—(Shares) : b 28/6. (Stock): b 20/-. Coal. Westport Coal; b 12/4; s 12/9. Insurance. New Zealand: b 42/-; s 43/-. Standard: b 48/-; s 50/-. Loan and Agency. Perpetual Trustees (Dunedin): s 58/-. Wright, Stephenson and Co. (ord.): b 11/-; (pref.) : 13/-. Meat Companies. Gear Meat Co: s 35/-. N.Z. Refrigerating (10/- paid): b 3/8: s 3/10. Southland Frozen Meat (£1 ord.): b 38/-; (10/- ord.): b 19/-; (£1 • pref.): b 38/-. Mining.

Electrolytic Zinc (ord.): b 16/5; s 17/-; (pref.): b 26/-. Gillespie’s Beach: b 2d prem. Waitahu: b 5d dis. Kildare: b 1/6; s 1/9. King Solomon; b 1/10; s 2/-. Mount Lyell: b 21/3; s 21/6. Mahakipawa: b 4d; s sd. Okarito: b 8/6; s 8/10. Paddy’s Point: s 5/1. Waihi Gold Mining: b 17/-. Waihi Grand Junction: b 3/3. Mount David: s 4/-. Shipping. Huddart-Parker: b 28/-. Woollen Mills. Kaiapoi, (ord.): b 5/3. Miscellaneous. British Tobacco (Aust.): b 31/-. D.I.C. (ord.): b 10/6; s 11/6. Dominion Rubber Co.: b 6/-; s 9/-. Donaghy’s Rope and Twine: b 30/-. Milburn Lime and Cement: b 26/6; s 27/6. New Zealand Drug: b 58/-. N.Z. Express Co.: s 10/6. N.Z. Paper Mills: b 21/1. Southland Guarantee Co., Ltd.: b 5/-. Debentures. Government Inscribed Stock, 4A per cent. 1938: b £95. Government 44 per cent. Bonds, 1938 b £95. Government 4J per cent. Inscribed, 1939: b £95. Government 4| per cent. Bonds, 1939: b £95. Government 5J per cent., Inscribed, 1936: b £99. Government Bonds, 5J per cent., 1936: b £99 5/-. Government 51 per cent., Inscribed, (Feb.) 1937: b £99 5/-. Government 5J per cent. Bonds (Feb.) 1937: b £99 10/-. 5J per cent. Inscribed (Sept.), 1937: b £99 5/-. Government 51 per cent. Bonds . (Sept.), 1937;- b £99 10/-. Sale Reported. A sale of King Solomons at 1/11J was reported. NORTHERN EXCHANGES. (Per United Press Association.) Auckland, October 11. Sales on ’Change: Bonds (1941) 4J per cent £94 10/-; Bank of Australasia £10; National Bank of New Zealand £3 19/-; Bank of New Zealand 45/9 (2); New Zealand Insurance 43/-; South British Insurance 57/-; Goldsbrough Mort 24/6; N.Z. Breweries 28/6; Alexander (13/6 pd) 17/3; Consol Goldfields 7/8, 7/9; Okarito 8/9. Wellington, October 11. Sales on ’Change:—lnscribed Stopk 5 1-8 per cent. (1937) £96 5/-; Bank of New Zealand £2 6/-; Christchurch Gas £l/5/3; South British Insurance £2 17/-; Waihi 17/3; Tooth’s Brewery £l/11/9, £l/11/8, £l/11/7J, £l/11/6, late sale Monday. i Christchurch, October 11.

Sales on ’Change: N.Z. Breweries Bonds 20/6; Goldsbrough Mort 24/5, 24/3, 24/2 (2); N.Z. Refrigerating (10/paid) 3/7 (4); Tooth’s Brewery 32/9; British Tobacco 31/9; Electrolytic Zinc (ord.) 16/6; Electrolytic Zinc (pref, cum. div.), 26/6; Alexander Mines (con. cum. div.) 17/2; Golden Dawn 4/11; Golden Point 7d. Sales reported: Bank of New Zealand 46/-; Goldsbrough Mort 24/6; Tooth’s Brewery 32/7J (2).

LORNEVILLE STOCK SALE. YESTERDAY’S MARKET. FAT SHEEP VALUES IMPROVE. Reduced yardings in most sections forward at the weekly stock sale at Lorneville yesterday had the effect of improving values in the fat sheep section and creating a firm market for fat cattle. A feature of the sale was the increased number of fat lambs forward. For these there was a good demand and values could be regarded as very satisfactory. Store stock met an average demand and sold on a par with late ruling rates.

A comparative table of yardings in the last two sales is as follows:—

Included in yesterday’s yardings were 24 dairy cows and 18 lambs. FAT SHEEP.—There was a smaller yarding than usual of good quality sheep, the majority of which were shorn. Following last week’s poor sale there was a slight improvement in prices, more especially in the case of shorn sheep. There was an increase in the number of fat lambs yarded and they met with a very good demand. Extra prime heavy wethers in the wool sold up to 16/6, medium quality 12/6 to 14/-; lighter down to 10/6; extra prime heavy woolly ewes realized up to 12/-; good medium weights 9/6 to 11/-; prime quality heavy shorn wethers 14/to 15/-; prime quality medium weights 11/6 to 12/6; prime quality shorn ewes 9/- to 10/3, lighter down to 7/6. FAT LAMBS.—The majority of the fat lambs yarded, though not heavy, were of very good quality, realizing from 13/- to 15/-, but an outstanding sort brought 22/-.

FAT CATTLE.—The fat cattle yarding was also smaller than usual, the majority of which were of really good quality. Prices in the opening stages of the sale appeared to be a shade firmer than last week, but taking the quality into consideration there was little change. Extra good quality bullocks realized up to £9, similar quality medium weights £7 5/- to £B, light

weights down to £6; good quality heavy heifers up to £7 5/-, medium weights £5 10/- to £6 10/-, lighter down t- £4 10/-; prime heavy cows up to £6 5/-, good quality medium weights £4 10/- to £5 10/-, inferior down to £3. Store Cattle.—There was no improvement in prices. Good three and four-year-old bullocks sold up to £5 5/-, good two and three-year-old bullocks £3 10/- to £4 2/6, good heifers up to £4, mixed sex yearlings from 20/- to 32/-, fresh empty cows from 30/- to £2, old and lighter sorts 25/-, old cows 5/- to 10/-. STORE SHEEP.—Prices were on a par with recent sales. Full and failingmouth ewes and lambs sold up to 3/9, all counted; a pen of failing mouth ewes and lambs were passed in at 4/6 all counted, and a pen of small twotooth wethers realized 8/11. MR E. GRIFFITHS, THE EMINENT JERSEY AUTHORITY, has been a user of SYKES’S VETERINARY REMEDIES for fifteen years, experience having convinced him of the wisdom of using Sykes’s Remedies to guard his dairy cattle from disease. The regular use of SYKES’S DRENCH AT CALVING TIME ensures a thorough cleansing, thus bringing the cow in healthy, and in good fettle to commence the season. Sykes’s Drench is sold everywhere at 1/6 pkt., or 17/dozen. Better buy the dozen.—Advt. McNAB STOCK SALE. A SMALL YARDING. For. some time past monthly stock sales have been held at Gore and McNab, but yesterday the fortnightly sales were reverted to. Yesterday’s sale was held in the McNab yards, but did not meet with a great response, probably not more than half a dozen, apart from the stock firms’ representatives, attending the sale. The entry was also a very small one, the offering of sheep consisting of a single pen of mixed sex hoggets. These were offered by the National Mortgage and Agency Co., Ltd., and realized 10/-. In the cattle section the Southland Farmers’ Cooperative Association sold a yearling steer at 35/-. They also offered and passed two steers at £3 and eighteen months steers at 35/-. GRAIN AND PRODUCE REPORT. Messrs Dalgety and Co., Ltd., Dunedin, advise as follows:— Oats: Practically no business is being transacted in grade oats from this r mtre where the available supplies are no more than sufficient for merchants’ seed requirements. The bulk of the oats now held are undergrades for which there is very little inquiry. Sales are being effected in small quantities at up to 2/6 per bushel ex store. Wheat: Millers are now drawing their supplies from importations of Australian wheat No locally grown wheat of milling quality remains unsold. Fowl wheat is in small supply and there is a steady demand at from 4/6 to 5/- per bushel ex store according to quality. Chaff: Supplies are more than sufficient for the limited demand from local feeders and some consignments have had to be taken into store. There is little inquiry for other than prime quality which is worth £4 10/- per ton ex truck. Potatoes: There is a steady demand and good tables are readily saleable at £5 15/- per ton ex truck. Odd consignments are still coming to hand and are being sold ex truck while small stocks are now held in local stores. N.Z. GUARANTEE CORPORATION. Wellington, October 11. The New Zealand Guarantee Corporation Ltd. will hold the annual general meeting on October 26 when the following dividends will be recommended—7 per cent per annum on preference shares and a further 5d per share on- fully paid ordinary shares making a total of lOd for the year, a further 2d per share on the balance of ordinary shares allotted, making the total 4d for the year. The share register will be closed as from the 13th. SYDNEY STOCK EXCHANGE. FIRM TONE MAINTAINED. (Rec. 9.5 p.m.) Sydney, October 11. There was brisk trading on the Stock Exchange to-day. The firm tone of recent weeks was maintained, but a slight weakness was noticed in Goldsbrough

LONDON MARKETS. The Department of Agriculture has received the following cablegram, dated October 8, from the High Commissioner for New Zealand, London: — Tallow:—Fair demand at auction. 431 casks offered of which 319 were sold at 6d advance. Present spot quotations are :—

Mutton.—Fine 26/-; fair to good 23/to 25/6; dark to dull 20/- to 21/-. Beef.—Sweet and/or mixed 25/- to

28/-; fair to good 22/6 to 24/-; dark to dull 19/6 to 20/6. Mixed.—Fair to good 22/6 to 23/9; dark to dull 18/6 to 20/6. Gut etc.—lB/- to 20/6. * Hemp:—Manila—Market inactive and easier. “K” grade for October-Decem-ber shipment quoted sellers £l6 5/-. Sisal—Market quiet but steadier at the close. Nominal value for OctoberDecember shipment No. 1 good marks £l5 15/- and for No. 2, £l5. New, Zealand—Market quiet with shippers offers on the basis of fair £l4 15/— but buyers not interested. Buyers ideas £l4. • , • , n Eggs:—Market steady with firmer tendency. English—National pack, 14/6 to 18/-; English—Ordinary pack, 15/6 to 16/-; Danish—ll/9 to 14/-; Australian 12/- to 13/3; South African—--11/9 to 13/6. LONDON WOOL SALES.' London, October 10. At the wool sales 7711 bales were offered, including 4828 from New Zealand. About 5760 were sold. There was good Yorkshire and Continental competition at full late rates. New. Zealand .Merino “Brancott’ top lid, average lOJd; halfbred “MacDonald Downs”- 11-jd and 10.', d; halfbred lamb slipe “Belfast” 12jjd; scoured halfbred “Ruanui” 16d and 15Jd. ... Bradford—Very quiet and an easier tendency. THE SYDNEY MARKET. SPIRITED COMPETITION. (Rec. 8.50 p.m.) Sydney, October 11. At the wool sales . 12,373 bales were offered and 10,817 sold, also 1589 which were disposed of privately. The market was unchanged and values were firm. There was spirited Japanese and Continental competition. Greasy Merino made to 141. d.

Oct. 11. Oct 4. Store cattle 214 72 Fat cattle 91 129 Store Sheep 123 176 Fat sheep 671 905

Mort. Sales:— £ s d Bank of New South Wales 31 7 6 Commercial Bank of Sydney 17 7 6 Bank of Australasia 11 10 0 National Bank (£5 paid) 6 12 0 Bums Philp 2 9 6 Adelaide Steam 1 1 U Fairymead Sugar 1 6 6 Millaquin Sugar 1 8 6 Australian Gas (a) 6 16 6 British Tobacco 1 16 9 Tooth’s Brewery 1 17 3 Toohey’s Brewery 1 3 3 Dunlop Perdriau 16 101 Goldsbrough Mort 1 6 9 Wilcox Mofflin 7 2 Winchcombe Carson 1 4 101 Electrolytic Zinc 18 6 Taranaki Oil 2 8 Carlton Brewery 1 15 6 Broken Hill Proprietary 1 3 6 North Broken Hill 7 5 South Broken Hill 5 0 Commonwealth Bonds (4 per cents) — 1938 101 15 0 1941 101 17 6 1944 102 5 0 1947 101 0 0 1956 100 18 9 1955 101 15 0 1959 102 10 0 Melbourne Sales. Bank of Australasia 11 12 0 Goldsbrough Mort 1 7 0 Tooth’s Brewery 1 18 0 Dunlop Perdriau 16 9 Dunlop Perdriau (pref.) 1 12 9 Herald and Times 2 17 3 Myers 1 9 0 South Broken Hill 2 10 3 North Broken Hill 3 15 6 Mt. Lyell 1 3 9 Zinc Corporation 1 10 6