COMMERCIAL

Southland Times, Issue 22040, 13 June 1933, 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 £lO 15/-. Commercial: s 15/10. National of New Zealand: b 76/-. New Zealand: b 46/6. Union of Australia: b £8 5/-, s £8 8/-. ’ Breweries. Dunedin Brewery Co.: s 21/6. New Zealand Breweries—(Shares): b 31/11. Coal. Westport Coal: b 11/3, s 12/-, Kaitangata: b 20/-. Insurance. National: s 16/7. New Zealand: b 49/3. Standard: b 51/6. Loan and Agency. Dalgety and Co.: b £8 5/-. National Mortgage “B” issue: b 20/-. Perpetual Trustees (Dunedin): s 52/6. Trustees’ Executors (Dunedin): b 49/-. Wright, Stephenson and Co.— (ord.): b 9/-. (pref.): b 11/6. Meat Companies. N.Z. Refrigerating—(2o/- paid): b 14/3, s 15/-. (10/- paid): b 5/6, s 5/9. Southland Frozen Meat—(£l ord.): b 44/-. (10/- ord.): b 22/-. (£1 pref.): b 44/-. South Otago Freezing Co.: b 82/6. Mining. Gillespie’s Beach: b 1/7%, s 1/8. Golden Sands: b 3/3. Waitahu: b 7/7, s 7/9. Kildare: b 2/1, s 2/5. King Solomon: s 1/8. Mount Lyell: b 22/6, s 22/C. Okarito: b 10/10, s 11/-. Paddy’s Point: s 5/9. Waihi Gold Mining: b 21/9. Waihi Grand Junction: s 3/10. Freshford: b 9d, s lid. Nokomai: b 4/9, s 5/-. Central Shotover: b 9)d, s 1/-. Shipping. Huddart-Parker (pref.): b 22/3. Union Steam Ship Co. (pref.): b 22/-. Woollen Mills. Bruce: s 10/-. Kaiapoi—(ord.): b 6/-. Mosgiel: b £B. Miscellaneous. Australian Glass: b 48/-, s 50/6. Australian Iron and Steel: b 12/-. D.I.C.— (ord.): b 10/-, s 11/-. (pref.): b 19/-, s 20/6. Dominion Fertilizer: b 11/6. Donaghy’s Rope and Twine: b 38/6. Milburn Lime and Cement: b 27/9. New Zealand Drug: s 65/-. N.Z. Farmers’ Fertilizers: s 16/6. N.Z. Paper Mills: s 27/3. Wilson’s (N.Z.) Portland Cement: b 30/-. Debentures. Government Stock, 31 per cent., 1938: b £lOO. Government Stock, 3% per cent., 1939: b £lOO. Government Stock, 4 per cent., 1940: b £lOO 10/-.’ Government Bonds, 4 per cent., 1940: b £lOO 10/-. Government Stock, 4 per cent., 1946: b £lOO 5/-. Government Bonds, 4 per cent., 1946: b £lOO 10/-. Government Bonds, 4 per cent., 1949: b £lOO 5/-, s £lOO 15/-. Government Stock, 4 per cent., 1949: b £lOO 5/-. s £lOO 15/-. ' Government Stock, 4 per cent., 1955: b £lOO 5/-. Sale Reported. A sale was reported of Wilson Cements at £1 10/7. NORTHERN EXCHANGES. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, June 12. Sales on ’Change: Auckland Harbour Board (1943) 5% per cent. £lO2 10/-; Bank of New Zealand 47/-; N.Z. Insurance 49/6 (2); National Insurance 16/6; Auckland Gas 3/- (2); Northern Steam con. 1/10; N.Z. Breweries 32/(2); Colonial Sugar £5B 10/-; N.Z. Newspapers 25/- (2); N.Z. Paper Mills 27/-; N.Z. Refrigerating (10/- paid) 5/6, 5/7; Woolworths Sydney, new issue 25/6; Alexander 9/9, 10/6; Blackwater 23/-; Gillespies Beach 1/8; Golden Sands 3/6; Mt. Lyell 22/7. Wellington, June 12.

Sales on ’Change: Inscribed Stock 4 per cent. (1940) £lOO 10/- (2); National Bank of Australia, £lO paid, £l2 7/6; Alexander Mines 9/5; Okarito 11/2, all late Saturday; Goldsbrough Mort 25/2, 25/1; N.Z. Guarantee Corporation 6/-; N.Z. Refrigerating contributed 5/6; Alexander Mines 9/6; Mt. Lyell 22/7; Waihi 22/-; Nokomai 5/9J, 4/9. Christchurch, June 12.

Sales on ’Change: Commercial Bank of Australia 15/7 (2); Bank of New South Wales £3l 10/-; Bank of New Zealand (cum. div.) 47/-; Union Bank of Australia £8 6/-; Goldsbrough Mort (cum. div.) 25/- (3); New Zealand Refrigerating (10/- paid) 5/7, 5/8; Dunlop Rubber 13/6; Mt. Lyell 22/8, 22/7; New Zealand Farmers’ Co-operative 4J per cent. Stock. (1945) £55; Woolworth’s (Sydney) new £1 paid, pref. 25/5; Alexander (13/6 paid) 10/-, 10/2; Big River 1/4J (3); Blackwater 23/-; Freshford Golden Dawn 1/6; Lawson’s Flat (1/- paid) 1/8 (3); Nokomai 4/9 (8); Waihi Grand Junction 3/4; Waitahu (4/6 paid) 7/8 (2); Okarito (cum. div.) 11/1. Sales reported: Commercial Bank of Australia 15/9; Dunlop Rubber 18/9; Wilson’s Cement 31/-; Woolworth’s (Sydney) new £1 paid, pref. 25/6; Electrolytic Zinc (pref.) 31/9. Unlisted stock sales.—Aotearoa Gold 1/7 (2); Bell Hooper 1/4. Dunedin, June 12. Sale on ’Change: 4 per cent. Stock (1946) £lOO 10/-. Sales reported: D.I.C. (ord.) 10/9, (pref.) 20/-; N.Z. Paper Mills 27/-; N.Z. Newspapers 25/-; Okarito 1/-; Lawson’s Flat 1/6 (late Saturday); unlisted Bell Hooper 1/2. The dominion executive TRUST, LTD. STOCK AND SHAREBROKERS. Alexandra Buildings, comer Dee and Don Streets. Telegrams: “Executive,” Invercargill. CLEARING SALE AT CATTLE FLAT. A large attendance was present at the clearing sale held at Cattle Flat on Friday on account of Mr W. T. Poppelwell. Messrs Wright, Stephenson and Co., Ltd., conducted the sale, apd brilliant weather prevailed. From the outset bidding was keen and it was soon apparent that recent values would at least be maintained, and when the clearance was effected it could be said that prices for breeding ewes had firmed considerably. Those offered at this fixture lacked condition, but made good competition. Horses met with the usual good demand, as did the small offering of dairy cows. The full range of implements found buyers at well up to recent rates and a good clearance was effected of the large assortment of sun-

dries and household furniture. The sales were: • Sheep: Guaranteed s.m. ewes 11/7, 2 and 4-tooth ewes 9/1, failing-mouth ewes 2/6. Horses: 7-year mare £29, filly £2l, other sorts from £8 to £l7 10/-. Cattle: Fat steer £4 12/6, dairy cows £3 10/-, £3 12/6, £3. £2 5/-. Implements: Plough £l2, d.f. plough £5, discs £3 15/-, grubber £5 10/-, chain harrows £7 15/-. SYDNEY STOCK EXCHANGE. COMMONWEALTH BONDS FIRMER. (United Press Assn.—Telegraph Copyright.) (Rec. 7.15 p.m.) Sydney, June 12. On the Stock Exchange to-day the market was somewhat hesitant except for Commonwealth Bonds, which were firmer and more actively traded in. The turnover was generally well up

DAIRY PRODUCE. Messrs Henderson and Co., Ltd., report having received the following cable from their London principals, Trengrouse and Nathan Ltd. under date June 12: Cheese—White 48/6; coloured 53/6. Quiet but steady. The National Mortgage and Agency Company report having received the following cable from their principals, Messrs A. J. Mills and Co., Ltd:— Butter—Market firm. New Zealand finest, 82/- to 83/-; New Zealand firsts, 81/- to 82/-; New Zealand unsalted, 84/- to 86/-; Danish, 88/- to 90/-; Australian, 78/- to 80/-. Cheese.—Market firm. New Zealand white, 48/- to 49/-; New Zealand coloured, 54/- to 55/-; Canadian white, 64/- to 66/-; Canadian coloured, 66/to 68/-,

The New Zealand Dairy Produce Board has received the following market report from its London office dated June 9, 1933:— Butter—New Zealand Salted 81/-, 83/-; Unsalted 81/-, 84/- ex. 86/-. 81/-, 83/- equals approx. 9)d f.o.b. Ist Whey 74/-; 2nd Whey 72/-. Deliveries New Zealand 1093 tons; In store New Zealand 9226 tons; excludes 400 tons Mataroa. Australian Salted 79/-, 81/— to 82/-; Unsalted 80/-, 84/-. Deliveries Australian 1550 tons. In store Australian 5200 tons. Danish 73/- f.0.b., 92/- spot. Dutch Unsalted 86/-, 90/-. Latvian Unsalted 80/-. Lithuanian Salted 77/-, 78/-; Unsalted 78/-. Market firm. New Zealand retail price unchanged lOd. Cheese: New Zealand White 48/649/- (5Jd f.0.b.); Coloured 54/-, 54/6 (5Jd f.0.b.). Deliveries New Zealand 17,318 crates. In store New Zealand 117,741 crates (excludes 2750 crates Mataroa). Australian White 47/-, 47/6 ex. 48/-. Coloured 52/-. Canadian White 66/-, 72/-; c.i.f. 54/-. Deliveries Canadian 3,800 boxes. In store Canadian 57,458 boxes. English finest farmers 80/-, 103/-. Market firm. New Zealand retail price unchanged 6d. Mamari commenced discharge butter June 1. Otaio finished discharge cheese Ist, Butter 2nd June. Mataroa commenced discharge butter and cheese June 6th finished cheese 6th, butter Bth. Port Curtis commenced discharge butter June 8.

The board has also received the following advice from its agents in Canada: Butter: New York 21| cents, Montreal 18} cents.

MINING REPORTS. FRESHFORD GOLD DREDGING COMPANY. The Freshford Gold Dredging Co., Ltd., reports having turned the dredge back out of the gully in which it has been working for the past few weeks. It was necessary to come back through part of the tailings, so no wash up has taken place for the last week. It has been proved that the flat is the better dredging ground, a greater depth having been reached, and better wash showing. The directors considered it inadvisable to carry on in the gully owing to no depth being reached, consequently full buckets were not being obtained. The dredge is now approaching the point where the first and best returns were obtained, and the directors are hopeful of better returns within' the next fortnight. OKARITO MINING RETURN.

(Per United Press Association.) Dunedin, June 12. The Okarito mining return was 102 oz lldwts for 124 hours. MAHAKIPAWA WASH-UP. (Per United Press Association.) Christchurch, June 12. The Mahakipawa return for the week was 14ozs. SHEEPSKIN SALE AT TIMARU. MARKED ADVANCE IN VALUES. An offering of approximately 10,000 sheepskins was sold at the sale of skins held at Timaru on Friday, when prices increased all round from Id to 2d per lb on values at the previous sale in April last. There was a full bench of buyers, who provided spirited bidding. At the end of the sale the chairman of the South Canterbury Woolbrokers’ Association, Mr T. R. Mackay, said that there had been a big increase in prices and the sale had been a good one.

Top price for full-wool halfbred skins was 7Jd, compared with 5Jd at the earlier sale. Halfbred advanced 2d to 2jd, three-quarterbreds ljd to 2d, crossbreds Id to lid, hoggets IJd, and lambs IJd. Halfbred dead skins rose from lid to 2d, and of the killed lines merino full-wool rose IJd, merino half and quarter by 2d. Dead merino skins full-wool realized 2id more, and half and a quarter skins were up by Id. Fine black increased by lid. Best prices were as follows:—-

Halfbreds—Full-wool 7Jd, three-quarter-wool 6id, half-wool sid, quar-ter-wool 4d. Three-quarterbreds—Full-wool s)d, three-quarter-wool sd, half-wool 4}d, quarter-wool 4d. Crossbreds —Full-wool 3id, three-quarter-wool 3 a d, half-wool 3jd, quar-ter-wool 3d. Hoggets—Halfbred 6d, three-quarter-bred sid, crossbred 4Jd. Lambs—Halfbred 61d, three-quarter-bred sid, crossbred sd. Dead and damaged wool realized from 6-Jd to 3d. The advances were as follows:— , , Dead—Halfbred to 2d, crossbred lid. Merino (killed) —Full-wool lid, half and quarter 2d. Merino (dead) —Full-wool 2d, naif and quarter Id. COMPANIES REGISTERED. The Mercantile Gazette notifies the registration of the following companies:— Otago Skin Company Ltd. Registered as a private company, May 29, 1933. Capital: £5OO into 500 shares of £1 each. Subscribers: Dunedin—W. G. Thompson 495, C. Thompson 5: Objects: To carry on the business of buyers, sellers, suppliers, and dealers in hides, tallow, skins, wool, fur, and pelts of every nature and description. Goldfields Dredging Company Ltd. Registered , May 30, 1933. Capital: £35,000 into 700,000 shares of Is each. Subscribers: Dunedin —Industries Ltd. 20,000, W. F. James 10,000, G. W. Thomson 4,000, A. Burt 4,000, J. J. Martin 4,000, E. H. Levido 4,000, D. Campbell 2,000, C. Macdonald 2,000, J. Brook 3,000, W. Garrett 2,000, H. D. Kerr 3,000, R. G. Hudson 2,000; Arthur’s Point—J. McMullan, jun., 40,000; Queenstown —A. Smith 10,000; Wellington—H. Vickerman 5,000; Alexandra— W. A. Bodkin 1,000. Objects: To mine for gold or any metal, precious stone, or ore of any kind, to acquire all rights and licenses necessary.

to the average: Sales:— £ s d Bank of New South Wales 31 15 0 Commercial Bank of Sidney 17 0 0 National Bank (£10 paid, New Zealand delivery) 12 15 0 Colonial Sugar 58 10 0 Howard Smith 10 4 Burns Philp 2 13 3 Bcrlei (cont. New Zealand delivery) 13 3 Associated Newspapers 9 6 Associated Newspapers (pref.) 19 3 Dalgety’s 9 0 0 Goldsbrough Mort 1 5 G Dunlop Perdriau 18 9 Winchcombe Carson 1 6 0 Greater J. D. Williams 7 0 Automatic Totalisators 11 6 Gordon and Gotch 1 14 9 Tooth’s Brewery 1 18 3 Toohey’s Brewery 1 3 3 Mt. Lyell 1 3 0 Broken Hill Pty. 14 5 North Broken Hill 4 1 6 Commonwealth Bonds (4 per cents)1938 104 6 3 1941 102 17 6 1944 103 1 3 1947 102 15 0 1950 103 5 0 1953 103 10 0 1955 103 15 0 1957 102 12 G 1959 103 1 3 1961 103 5 0 Melbourne Sales. Metropolitan Gas 12 18 0 Gordon and Gotch (pref.) 1 12 0 Herald and Weekly Times 2 16 9 Nestles’ (pref.) 1 14 6 National Bank (£5 paid) 6 9 0 National Bank (£10 paid) 12 16 0 Broken Hill Pty. 1 14 6 North Broken Hill 4 2 0 Taranaki Oil 2 6