COMMERCIAL

Southland Times, Issue 22010, 9 May 1933, Page 2

COMMERCIAL

CITY STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over on the Invercargill Stock Exchange the following prices were quoted:— Banks. Commercial, s 14/7. E.S. and A. Banks, s 88/-. National of Australasia (cont.), b £5 12/-. National of - New Zealand, b 70/-, s 75/-. New Zealand, b 45/-. Union of Australia, b £7 10/-. Breweries. Dunedin Brewery Co. (ex. div.), b 20/3. New Zealand Breweries—(Shares), s 30/3. Coal. Westport Coal, b 13/3. Kaitangata (cum. div.), b 20/0, Insurance. National, b 16/11, s 17/1. South British, b 64/-. Standard, b 51/-, s 53/-. Loan and Agency. Goldsbrough, Mort and Co., b 22/6. Trustees’ Executors (Dunedin), b 47/6. Meat Companies. N.Z. Refrigerating—(2o/- paid), b 10/10. (10/- paid), b 3/9, s 3/11. Southland Frozen Meat—(£l ord.), b 43/-, s 44/-. (10/- ord.), b 21/6, s 22/-. (£1 pref.), b 43/-, s 44/-. Mining. Central Shotover, b lOd, s 1/IJ. Electrolytic Zinc—(pref.), b 29/3. Gillespie’s Beach, s 1/6. Golden Sands, b 2/9. Waitahu, b 5/3. Kildare, b 2/1. King Solomon, s 2/-. Mount Lyell, b 20/9, s 21/9. Okarito, b 9/5, s 9/8. Paddy’s Point, b 5/2. Waihi Grand Junction, b 3/9, s 4/1. Freshford, b 1/3, s 1/5. Nokomai, b 5/3, s 5/9. Mount Morgan, b 36/6, s 37/6. Shipping. Huddart-Parker (pref.), b 22/-. Union Steam Sbjip Co. (pref.), b 22/-.

Woollen Mills. Bruce (pref.), s 20/-. Kaiapoi—(pref.), b 5/6. Mosgiel, b £8 2/6. Miscellaneous. Australian Glass, b 46/6. British Tobacco (Aust.), b 33/3. D.I.C.— (ord.), b 9/-. (pref.), b 18/-. New Zealand Drug, b 64/-, s 65/6. N.Z. Farmers’ Fertilizers, s 16/3. N.Z. Paper Mills, b 24/9, s 26/-. Wilson’s (N.Z.) Portland Cement, b 32/6, s 33/6. Debentures. Government Stock, 31 per cent., 1938, b £99 10/-. Government Stock, 31 per cent., 1939, b £99 10/-. Government Stock, 4 per cent., 1940, b £lOO. Government Bonds, 4 per cent., 1940, b £lOO. Government Stock, 4 per cent., 1946, b £99 15/-. Government Bonds, 4 per cent., 1946, b £99 15/-. Government Stock, 4 per cent., 1949, b £99 15/-. Government Bonds, 4 per cent., 1949, b £99 15/-. Sales Reported. Sales were reported of Mount Morgans at 37/-, Mount Lyells at 20/9 and Kaitangata Coal at 20/9. NORTHERN EXCHANGES. (Per United Press Association.) Auckland, May 8. Sales on ’Change: Bonds, 1949, 4 per cent. £lOO 10/-; Commercial Bank of Australia (pref.) £8 14/-; Bank of New South Wales £29 15/-; Bank of New Zealand 45/6; National Insurance 17/-; South British 66/-; Northern Steam 6/6; New Zealand Newspapers 24/-; Wilson’s Cement 32/9; Blackwater 21/6; Mataki Gold 1/6 (2); New Zealand Crown Mines 1/1. Wellington, May 8. Sales on ’Change: Government Bonds 4 per cent. 1949 £lOO 7/6; Bank of New Zealand (cum. div.) 45/7, 45/8; South British Insurance 65/6; Wellington Woollen (ord.) £5 (2); New Zealand Breweries 30/-; Big River 1/31; (late Saturday) 1/4; Mount Lyell 20/9 (late Saturday). Christchurch, May 8. Sales on ’Change: New Zealand Refrigerating 6| per cent. 1935, £96 10/-; Commercial Bank of Australia 14/3

(2); National Bank of Australasia (£5 paid) cum. div. £5 18/6; Bank of New South Wales (cum. div.) £29 12/6; Westport Coal 14/-; Dunlop Rubber 16/9; Electrolytic Zinc (pref.) 30/4; Mt. Lyell 20/11; New Zealand Drug Co. 66/-; New Zealand Farmers’ Co-oper-ative 4J- per cent. Stock, 1940, £42; Central Shotover (6d paid) 1/1; Freshford 1/4 (3). Sales reported: Mt. Lyell 21/-, 21/IJ. Unlisted Sale: Maerewhenua (6d paid) sd. Dunedin, May 8 Sales on ’Change:—Central Shotover (6d paid) lid (two), 1/-; Waitahu 5/9 (two); Big River 1/4 (two). Sales reported: Bank of New Zealand £2 5/3; National Insurance 17/-; Mahakipawa 2d (all late Saturday); Freshfords 1/3, 1/31-; Central Shotover (6d paid) 1/- (three); Australian Glass £2 8/-; Big River 1/4.

OKARITO RETURN. (Per United Press Association.) Dunedin, May 8. The Okarito return was 158 oz for 126 hours’ working. SYDNEY STOCK EXCHANGE. BUYERS DISPLAY CONFIDENCE. (United Press Assn.—Telegraph Copyright.) (Rec. 8.35 p.m.) Sydney, May 8 On the Stock Exchange buyers today displayed confidence, with the result that the tone of the market all round was strong. Investors are keenly awaiting the electors’ verdict at Saturday’s referendum in regard to the reconstitution of the New South Wales Legislative Council, which is designed to afford greater economic stability. Sales:— £ s d

DAIRY PRODUCE MARKETS. The New Zealand Dairy Produce Board has received the following market report from its London office dated May 5, prices for the previous week being given in parentheses:— Butter. —New Zealand salted 72/~ to 73/- up to 74/- (68/- to 70/- to 71/-); 72/- to 73/- equals approximately Bjd f.0.b.; unsalted 72/- to 76/- (68/- to 70/- to 71/-); first whey, 66/- (64/-); second whey, 64/- (62/-). Australian salted and unsalted 70/- to 72/- to 73/(66/- to 70/-). Salted butter steady, demand less active. Argentine unsalted 66/- to 68/- ex. 70/- (64/- to 66/-); South Africa 66/- to 69/-; Danish 81/- to 84/- f.o.b. 96/- spot 75/(95/- to 96/-); Dutch unsalted 92/- to 96/- (92/- to 96/-); Latvian, unsalted 74/- to 75/- (70/-); Lithuanian unsalted 71/- to 72/- (67/- to 69/-). Market steady. Danish retail price 1/-; New Zealand retail price 9d. Cheese.—New Zealand white 41/- to 42/- (4 27d f.0.b.) (38/- to 39/-); coloured 47/- to 48/- (5.04 d f.0.b.) (43/to 44/-); Australian coloured 46/-; (40/- to 42/-); Canadian white 62/- to 68/- (62/- to 68/-); coloured 64/- to 68/- (6-1/- to 66/-); English finest farmers 84/- to 102/- (84/- to 102/-). Market steady. New Zealand retail price unchanged 6d.

Messrs Henderson and Co., Ltd., have received the following cable dated May 8 from their London principals, Messrs Trengrouse and Nathan, Ltd.: Cheese: White 42/-; coloured 49/-. Firm. The National Mortgage and Agency Company of New Zealand, Limited, is in receipt of the following cable from its principals, Messrs A. J. Mills and Co., London: — Butter: Market steady. New Zealand finest 73/-, 74/-; New Zealand first grade 72/-, 73/-; New Zealand unsalted 74/-, 76/-; Danish 95/-, 96/-; Australian 70/-, 72/-. r, i J Cheese: Market steady. New Zealand white 41/-, 42/-; New Zealand coloured 46/-, 47/-; Canadian white 64/-; Canadian coloured 64/-, 66/-. NEW ZEALAND MEAT. RETAIL PRICES IN LONDON. The New Zealand Meat Producers’ Board has been advised by its London manager that the following retail prices were being quoted for New Zealand lamb and mutton retailed in London during April, 1933. These prices represent a fair average of the prices quoted by the better class shops in London for the best quality of New Zealand lamb and mutton: — New Zealand Lamb. Per lb. d. Legs 10 Shoulders 9 Loins 9 Necks 4 Breasts 3 Forequarters 7 Hindquarters 9 New Zealand Mutton (Wethers). Legs 8 Shoulders 7 Loins - 7 Necks 3 Breasfs 2 t nx'nnv markets.

LONDON MARKETS. (British Official Wireless.) - Rugby, May 6. This morning sterling again showed marked strength on New York and Paris following Continental speculation in the selling of the dollar and the French franc. Sterling on New York was 4.051 dollars and on Paris 85 5-16 francs. Gold has dropped 7d to £6 7/- per oz. The War Loan, 31 per cent., is quoted at £lOO 8/9. The stock markets are idle.

Bank of New South Wales 29 12 6 Commercial Bank of Sydney 15 15 0 E.S. and A. Bank 4 5 0 Bank of Adelaide 5 6 6 Burns Philp 2 11 0 Associated Newspapers (ord.) 8 2 Associated Newspapers (pref.) 18 41 Huddart Parker 1 11 0 Howard Smith 8 4 British Tobacco 1 14 9 Australian Glass 2 9 0 Goldsbrough Mort 1 3 6 Tooth’s Brewery 1 17 9 Winchcombe Carson 1 5 101 Electrolytic Zinc 18 0 Broken Hill Pty. 1 13 4J Zinc Corporation 1 9 2 Commonwealth Bonds (4 per cents) — 1938 104 6 3 1941 104 13 9 1944 102 18 9 1947 103 5 0 1950 103 12 6 1953 104 16 3 1957 105 6 3 1959 103 8 9 1901 103 15 0 Melbourne Sales. Commercial Bank of Australia 14 9 Commercial Bank of Australia (pref.) 9 3 0 North Broken Hill 3 17 0