COMMERCIAL

Southland Times, Issue 21895, 22 December 1932, Page 3

COMMERCIAL

STOCK EXCHANGE YESTERDAY’S QUOTATIONS At yesterday’s call-over on the Invercargill Stock Exchange the followIng prices were quoted:— Banks. Commercial: b 13/2. National of Australasia (cont.): b National of New Zealand: s 67/-. New Zealand: b 40/-; s 40/6. Union of Australia: s £7 5/-. Breweries. Dunedin .Brewery Co.: s 23/6. New Zealand Breweries (Shares): * 25/-; (Stock): b 20/-. Coal. Westport Coa!' s 12/-. Kaitangata: par. Insurance. National: s 14/3. New Zealand: s 42/-. Standard: s 49/-. Loan and Agency. Goldsbrough, Mort and Co.: s 21/6. National Mortgage: s 37/6. Trustees’ Executors (Dunedin): b 57/-. Meat Companies. New Zealand Refrigerating (20/paid): b 9/6, s 10/-; (10/- paid): b 2/11; s 3/2. Mining. Electrolytic Zinc (ord.): b 14/-. Gillespie’s Beach: h 2id prem.; s 3Jd prem. Waitahu: b 6d prem.; s Sid prem. Kildare: b 1/7; s 2/-. King Solomon: t 2/8. Mount Lyell: b 18/4; s 18/10. Okarito: b 8/3; s 8/5. Paddy’s Point: s 5/4. Waihi Grand Junction: s 3/7. Mount David: s 3/9. Nokomai: b 5/10; s 6/3. Shipping. P. and O. S.N. Co. (def. stock): s 20/-. Union Steam Ship Co. (pref.): b 20/-. Woollen Mills. Bruce: s 10/-. Mosgiel; b £8 14/-. Miscellaneous. Australian Glass: b 35/0. D.I.C. (ord.): b 9/3; (pref.): b 17/6; s 19/-. Donaghy’s Rope and Twine; b 30/-. McLeod Bros.’ Coap: b £22 10/-. Milbum Lime and Cement: s 27/-. New Zealand Drug: b 54/-; s 58/-. N.Z. Farmers’ Fertilizers', b 13/6; s 14/6. Debentures. Government 4J per cent. Inscribed, 1938: b £93; s £93 5/-. Government per cent. Bonds, 1938: b £93. Government 41 per cent. Inscribed, 1939: b £93. Government 4| per cent Bonds, 1939: b £93. Government 5| per cent. Inscribed, 1936: b £9B 15/ -. Government 5| per cent. Bonds, 1936: b £9B 15/-. Government 5J per cent. Inscribed (Feb.), 1937: b £99. Government 5J per cent. Bonds (Feb.), 1937: b £99. Government 5i per cent. Inscribed (Sept.), 1937: b £99. Government 5J per cent. Bonds (Sept.), 1937: b £99. NORTHERN EXCHANGES YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, December 21. Sales on ’Change: Stock 1938 41 per cent £93 7/6; Stock 1937 5| per cent. (February £99) £99 5/-; September £99; Auckland Harbour Board (1935) 5 per cent £95; Bank of New Zealand 40/6; N.Z. and River Plate 20/3; Gillespie Beach 6d, paid 9 Jd. Wellington, December 21. Sales on ’Change: Inscribed Stock 5| per cent (September 1937) £99 2/6; Bank of New Zealand 40/-; Union Bank £7 1/-; N.Z. and River Plate 20/3; Mount Lyell ex 18/6. Christchurch, December 21. Sales on ’Change: Goldsbrough Mort 21/1; N.Z. Breweries 24/8 (2); Big River 1/2 (2); Golden Point 3d (4)* Mahakipawa 3d (3); Whitcombe and Tombs 51/-. Sales reported: 5J per cent. Inscribed (Sept., 1937) £99 5/-; N.Z. Insurance 40/6. ~ « Dunedin, December 21 Sales on ’Change: Electro Zinc (ord.) 14/9; Okarito 8/6; Nokomai (2) 5/9. Sales reported: Golden Point (2) 31d; 5J per cent. Bonds (Sept., 1937) £99; Bonds (Sept., 1937) £99; 5J per cent. Stock (Feb., 1937) £99 5/-,

ADDINGTON STOCK SALE.

Christchurch, December 21. Entries were larger in most sections of the Addington market to-day on account of the suspension of the sale next week. It was a good fat sheep and lamb sale but beef was again easier. Store Sheep—A small entry. The bulk were aged and hard Conditioned ewes. The market showed no change in Values. Ordinary ewes and lambs 5/1 to 6/7, good two-tooth crossbred owes to 14/10, medium romney wethers 9/6 to 10/-, medium halfbred 8/5 to 10/-, backward halfbred 5/3. Fat Lambs.—4oso were penned, compared with 2400 last week. There was a good demand from butchers who took the bulk. Values were better than the preceding week by 9d to 1/- a head. A few tops made to 16/- but the bulk of good lambs made 13/- to 14/6. Fat Sheep.—A normal sized entry and a free sale for both ewes and wethers, especially lighter wethers selling bet-

ter. Exporters secured a fair proportion of the lighter wethers. Extra prime heavy wethers to 15/10, prime heavy 13/- to 14/8, prime medium weight 11/- to 12/9, ordinary and light 9/to 10/8, extra prime heavy ewes to 13/-, prime heavy 10/6 to 12/-, medium weight prime 8/6 to 10/3, light and ordinary 5/- to 8/-. Fat Cattle.—A big entry of 365 head including North Island lines. The oversupply caused a weakening in the market and values were down by 10/- a head. Best beef made 19/- to 21/-, good 17/- to 18/6, heavy 15/- to 16/6, secondary 11/- to 14/-, rough down to 8/-, extra prime heav ysteers to £lO 2/6, prime heavy £6 5/- to £8 15/-, prime medium weight £5 10/- to £7, ordinary quality £3 10/- to £5, light to £3 10/—, extra prime heifers to £7 7/6, prime £4 to £6, ordinary £2 10/- to £4 15/-, extra prime cows to £6 17/6, prime £3 10/- to £5, ordinary £2 5/to £3 5/-, rough 30/- to £2. _ A small entry of fat pigs with very few baconers forward. The market was a little firmer. Choppers 30/- to £2 11/6, baconers 21/6 to £2 1/6, average price per lb 3d, porkers 21/6 to 33/6, average prize 4d to 4Jd. BURNSIDE STOCK SALE. FAT CATTLE PRICES INCREASE. Dunedin, December 21. There was an improvement in the fat cattle market at the Bumside sales today when prime quality beef sold at an advance of 15/- per head. On the other hand there was little demand for cows. Prices for this class showed a reduction of about 15/- a head. There was an advance in the prices obtained for lamb’s, starting at 12/- a head and continuing at that figure until the last few salea when values advanced another 2/- a head. Prime wethers showed an advance of 2/1 and ewes 1/- on last sale. For a double yarding of fat cattle, the number forward, 184, was disappointing. With the exception of one outside truck all the cattle came from the Taieri district. The entry included a very small number of good quality bullocks, while several pens of inferior bullocks and aged cows made up the balance of the yarding. Best bullocks sold from £9 to £lO 7/6, the rest averaging from £7 10/- to £B. Heavy cows sold from £4 10/- to £5. Best quality ox beef was worth 21/and plain 20/- per lOOlbs. Cows were worth about 15/- per lOOlbs. One line of station bullocks in the store cattle pens averaged £3 10/- to £4 per head and old cows to £4 7/6. Other odd pens realized late rates. It was anticipated that fully 4000 sheep would be sent in for the double market, but only a quarter of that number were penned. The yarding included three trucks of extra prime quality sheep, a few pens of extra heavy ewes and a fair number of aged ewes of inferior quality. Prime wethers advanced 2/6 per head all Prime wether mutton was worth 2d, ewes from l|d to IJd per lb. About 1200 lambs were forward. The entry included several pens of extra prime heavy lambs and the bulk was of good quality, consisting principally of light weights. Extra prime heavy lambs sold from 15/- to 16/6, but the majority realized from 13/- to 15/-. A few pens of light and unfinished sorts brought from 11/6 to 12/6. Extra heavy lambs were worth 4Jd. Heavy lambs were worth 4|d and light weights about 5d per lb. , There was no change in the prices obtained for bacon pigs, which were worth 4Jd per lb, but porkers showed a rise of 5/- and 7/6 and were worth s|d per lb. SYDNEY STOCK EXCHANGE. PRICES MUCH FIRMER. (Rec. 9.45 p.m.) Sydney, December 21. Operations on tne Stock Exchange to-day were brighter and the prices of general industrial stocks were much firmer, while the improvement in giltedgeds noticeable at the beginning of the week was well maintained. Sales: Bank of New South Wales, £3O. Mercantile Mutual Insurance, 17/6. Colonial Sugar, £53 5/-. Howard Smith, 8/9. Burns, Philp, £2 8/-. Tooth’s Brewery, £1 14/101,. Australian Glass, £2 4/3. Henry Jones, £1 17/-. Goldsbrough, £1 4/3. Greater J. D. Williams, 4/6. The Exchange closes for the holidays to-morrow at noon until January 5. Melbourne Sales. Dunlop Perdriau, 16/9. Dunlop Perdriau (pref.), £1 12/9. Australian Glass (pref.), £1 12/3. Taranaki Oil: 2/4. Zinc Corporation, £1 7/6. Broken Hill Pty.., £1 5/9. LONDON STOCK EXCHANGE. BRITISH FUNDS STRONG, (British Official Wireless.) Rugby, December 20 Following a rise in the sterlingdollar rate the strength of British funds was again the principal feature of to-day’s Stock Exchange. At the close there were general gains from a quarter to one and a half points with the war loan, 3J per cent., at £93 15/this showing an improvement of 18/9 on the day. LONDON SHAREMARKET London, December 20. Banks: Australasia £7 7/6; New South Wales £22 7/6; Union of Australia £5 18/9; National of New Zealand 56/- (ex. div.); Bank of New Zealand 4 per cent. £lOO 5/-, shares, 41/3; N.Z. Loan and Mercantile Agency Co., 4 per cent, debentures, £7l 10/-, ordinary stock £32 10/— DAIRY PRODUCE. Mr G. Blaxall reports having received the following advice from Messrs Lovell and Christmas. Ltd.. London, dated December 20, 1932: Butter: 84/-. 85/-. Cheese: Coloured 55/- 56/-: White 52/-. Steady. Messrs Henderson and Co.. Ltd., report having received the following cable dated 21st inst. from their London principals, Messrs Trengrouse and Nathan, Ltd.: “Cheese—white 52/-; coloured cleared 54/- to 55/-.” LONDON PRODUCE MARKETS. The local branch of the Bank of New Zealand advises having received the following advice from their London Office under date 14th inst:— Tallow: There is a fair demand. Current Quotations: Good mutton 26/6 per cwt; good beef 23/6 to 24/per cwt.; good mixed 23/6 per cwt; gut 19/- to 21/- per cwt. . The bank has abo received the following advice from their London Office as at close of business last week:— Butter.—Steadier. Finest grade 83/per cwt.; first grade 81/- to 82/- per cwt. Cheese.—Very slow. White 50/- to 51/- per cwt.; Coloured 52/- to 53/per cwt , . „ Frozen Meat.—The market is firmer for heavy weight wethers, light weights remain steady. The demand for ewes is steady. The market for lambs is quiet and unchanged. There is a moderate demand for beef. Wethers, light 4jd to 4|d per lb; heavy 3fd to 4gd. Ewes, 2id to 3gd. Lambs, 2’s 6Jd to 7d; B’s 5Jd to s§d; 4’s s|d to 53d; seconds 5d to 5.1 d. Ox hinds 3?.d to 33d; fores 2Jd to 3d. Cow hinds, 2jd to 3d; fores to 2gd.

PRICE OF GOLD. London, December 20. The price of gold is quoted to-day at £6 3/8 per ounce. THE METAL MARKET. (Rec. 7.45 p.m.) London, December 20. Metal quotations compared with those for December 19 are:—

WHEAT CARGOES. (United Press Assn.—Telegraph Copyright.) London, December 19. Wheat—Cargoes are firmer on better American advices. There is a fair Far East inquiry for Australians. Five cargoes, January-March shipments,

were sold to China at 24/-. Greece is also inquiring for Australians. Parcels . are firm. Futures: London, Decemi ber, 21/-, February and April 20/6; Liverpool, March 4/7; May 4/8. '' . f

Dec. 19. Dec. 20. £ a d £ a d Copper, standard — Spot 29 1 101 28 15 0 Forward 29 9 44 29 1 3 Copper, electrolytic— Spot 34 5 0 33 10 0 Forward 34 15 0 34 10 0 American 5 cents. Wire Bars 34 15 0 34 10 0 Lead— Spot 11 7 6 11 3 9 Forward 11 16 3 11 11 3 Spelter— Spot 15 11 3 15 8 9 Forward 15 2 6 15 8 9 TinSpot 149 10 0 149 2 6 Forward 150 16 3 150 11 3 Silver (pence)— Standard 11 r 16 15-16 Fine 18 5-16 184