COMMERCIAL

Southland Times, Issue 21852, 1 November 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 12/6. Commercial: b 14/5, s 14/8. National of Australasia (cont.): b £5 10/-; s £5 16/-. National of New Zealand: s 81/-. New South Wales: b £2B 10/-. New Zealand: b 45/-; s 45/7. New Zealand Long “D” Issue: b 28/-. Union of Australia: b £7 16/6, s £7 19/6. Breweries. Dunedin Brewery Co.: b 21/3. New Zealand Breweries (shares): b 27/-, s 28/-; (stock): b 20/-. Coal. Westport Coal: b 12/6. Insurance. National: b 14/6; s 14/6. New Zealand: b 43/3. South British (ex div.): b 56/6. Loan and Agency. Goldsbrough, Mort and Co.: s 23/9. National Mortgage: s 40/-. Meat Companies. Gear Meat Co.: s 35/-. Southland Frozen Meat (£1 ord.): b 38/-; (10/- ord.): b 19/-; (£1 pref.): b 38/-. Mining. Electrolytic Zinc (ord.): b 16/6; s 17/-. Gillespie’s Beach: b 2jd prem. Golden Sands: s 1/9. Kildare: b 1/9; s 1/11. King Solomon: s 2/-. Mount Lyell: s 20/9. Mahakipawa: b 3Jd; s sd. Okarito: b 8/2; s 8/4. Paddy’s Point: b 5/1; s 5/5. Waihi Gold Mining (cum. div.): b 17/9. Waihi Grand Junction: b 3/4; s 3/10. Mount David: s 5/-. Shipping. Huddart-Parker (pref.): b 18/-. Woollen Mills. Kaiapoi (pref.): b 6/-. Mosgiel: b £6 17/-. Miscellaneous. Colonial Sugar Co.: s £5O. Dominion Rubber Co.: b 7/-. Donaghy’s Rope and Twine: b 30/-. Milburn Lime and Cement: b 26/9. New Zealand Drug: b 59/6; s 61/-. New Zealand Farmers’ Fertilizers: s 17/-. New Zealand Paper Mills: b 21/9. Southland Guarantee Co., Ltd.: b 5/3. Wilson’s (N.Z.) Portland Cement: b 30/9; s 32/-. Debentures. Government 4J per cent. Inscribed, 1938: b £96 10/-. Government 4J per cent. Bonds, 1938: b £96 10/-. Government 41 per cent., Inscribed, 1939: b £95. Government 41 per cent. Bonds, 1939: b £95. Government 4J per cent. Bonds, 1941: b £95. Government 5) per cent. Inscribed, 1936: b £lOO. Government Bonds, 5J per cent., 1936: b £lOO. Government 5J per cent. Inscribed (Feb.), (1937): b £lOO. Government 51 per cent. Bonds (Feb.): 1937: b £lOO. Five and a-half per cent. Inscribed (Sept.), 1937: b £lOO. Government 51 per cent. Bonds (Sept.), 1937: b £lOO.

NORTHERN EXCHANGES. (Per United Press Association.) Auckland, October 31. Sales on ’Change: Stock (1936) 54 per cent. £100; Commercial Bank 14/7; N.Z. Insurance 43/6: South British In-

surance 57/-; Kauri Timber 11/9; N.Z. Refrigerating (10/- paid) 2/7; Beachwater 19/-; Waihi 18/4, 18/5, 18/4, 18/5, 18/6; Grand Junction 3/3; Mt. Lyell 20/6. Wellington, October 31. Sales on ’Change: Bank of New Zealand £2 5/3 (late Saturday), £2 4/9, £2 5/-; Consolidated Goldfields 8/9, (late Saturday). Christchurch, October 31. Sales on ’Change: 5J per cent. Inscribed (Sept. 1937) £lOO 5/-; Bank of New Zealand 45/- (5); Goldsbrough Mort 23/9 (2); N.Z. Breweries 26/7; Tooth’s Brewery 31/4; Mt. Lyell 20/3, 20/2, 20/-; Cornish Point 4d (2); Okarito 8/3 (3); Waitahu (3/- paid) lid prem. Dunedin, October 31. Sale on ’Change: Okarito 8/3 (2). Sale reported: Big River 1/2J.

HORSE SALE AT WINTON. SATURDAY’S YARDING. (From Our Correspondent). The monthly horse sale at Winton conducted by Messrs Wright, Stephenson and Company was held on Saturday when a yarding of 32 draught mares and geldings and four hacks came forward. The demand on the whole was hardly as keen as that of the previous sale, but practically the whole yarding was cleared at auction. The top price for the day was £39 10/for a six-year-old mare sold on account of Mr Alex Forbes, of Lochiel. Good aged draught mares and geldings made from £lO to £2O, while an extra good mare realized £2B. Good draughts from five to eight years brought from £26 to £34. A three-year-old draught filly just broken to chains made £2l 10/-, a three-year-old half-draught filly made £lB 10/-, while a four-year-old colt realized, £33. Spring carters brought from £8 to £l6 10/-, while hacks made £9, £5 and £1 15/-.

MT. DAVID SLUICING CO. The Mount David Sluicing Co. advises that the wash-up on Saturday totalled 30 ounces of gold for five days’ sluicing. OKARITO WASH-UP. Dunedin, October 31. The Okarito return for the week ended Saturday was 370 z 12dwts for 121 hours’ dredging. SYDNEY STOCK EXCHANGE. COMMONWEALTH BONDS RECOVER. (Rec. 8.40 p.m.) Sydney, October 31. With an agreement reached on the terms of the new internal loan, the Stock Exchange settled down to business on a steadier basis. Commonwealth bonds recovered recent falls. Sales:—

SYDNEY WOOL SALES. YESTERDAY’S MARKET, (United Press Assn.—Telegraph Copyright.) (Rec. 8.25 p.m.) Sydney, October 31. At the wool sales 11,414 bales were offered and 10,659 sold, also 524 which were disposed of privately. The market was unchanged from the closing rates of the last Sydney series for all descriptions excepting fine Merinos carrying fault, which were irregular and tended in buyers' favour. Greasy Merino fleece sold to 16Jd.

DAIRY PRODUCE. The New Zealand Dairy Produce Board has received the following market report from its London office dated October 28, 1932: — Butter. —New Zealand Salted 96/- to 106/-; Unsalted 108/- to 110/- ex. 112/-; 96/- to 106/- equals approx. 9gd f.o.b. Deliveries New Zealand 970 tons. In store New Zealand 3400 tons. Australian Salted 94/- to 96/- ex. 97/-; Unsalted 96/- to 102/-. Deliveries Australian 1135 tons. In store Australian 925 tons. Market steadier at lower prices. Argentine Unsalted 88/- to 90/- ex. 94/-. Danish 105/f.0.b., 120/- spot. Dutch Unsalted 120/to 122/-. Latvian 82/- to 94/-, ex. 96/-. Siberian 88/- to 89/-. Lithuanian 92/to 94/-. Market slow. Retail prices unchanged, Danish 1/2, N.Z. 1/1. Cheese.—New Zealand White 66/— to 67/- (6£d f.0.b.); Coloured 59/- to 60/- (sgd f.0.b.) (ex. 61/-). Deliveries New Zealand 13,689 crates. In store New Zealand 38,622 crates. South Africa White 59/- to 61/-; Coloured 54/- to 57/-. Canadian White and Coloured 68/- to 69/-; c.i.f. 67/-. English Finest Farmers 96/- to 100/-. Market firm. Retail price. New Zealand 9d. The board has also received the following advice from its agents in Canada:—Butter.—New York 20J cents, Montreal 20cents.

Messrs Henderson and Co., Ltd., have received the following cable dated October 31 from their London principals, Messrs Trengrouse and Nathan, Ltd.: “Butter —finest 104/-; first 96/- to 97/-. Steadier. Cheese—market practically cleared. Nominally white 67/-; coloured 60/-.

The National Mortgage and Agency Co. Ltd., report having received a cable from their principals, Messrs A. J. Mills and Co. Ltd., London, as follows: Butter. Market slow. New Zealand Finest 103/- to 109/-. New Zealand first grade 96/- to 97/-. New Zealand unsalted 108/- to 112/-. Danish 118/-. Australian 94/- to 96/-. Cheese. Market firm. New

Zealand white 65/- to 66/-. New Zealand coloured 59/- to 60/-. Canadian white and coloured 67/- to 68/~. Canadian c.i.f. 66/6.

£ s d Commonwealth Bonds (4 per cents) — 1938 102 6 3 1941 102 11 3 1944 101 3 9 1953 101 15 0 1955 102 ? 6 1957 101* ' 2 6 1959 100 17 6 1961 101 7 6 Commercial Bank of Australasia 16 6 Australian Gas (A) 6 18 6 Toohey’s Brewery 1 2 3 Tooth’s Brewery 1 16 3 Broken Hill Pty. 1 7 0 Goldsbrough Mort 1 7 71 Winchcombe Carson 1 4 6 Australian Glass 2 6 6 Henry Jones (New Zealand delivery) 1 17 9 Colonial Sugar 56 5 0 British Tobacco 1 15 6 Dunlop Perdriau 17 U