COMMERCIAL

Southland Times, Issue 22156, 26 October 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. Commercial: s 17/1. National of Australasia (cont,): b £6 8/-. National of New Zealand: s 85/-. New South Wales: s 34/6. New Zealand: b 45/6; s 46/6. Union of Australia: s £lO 10/-. Breweries. Dunedin Brewery Co.: b 23/-; s 25/-. New Zealand Breweries (shares): b 36/6; s 37/3. Coal. Westport Coal: b 13/6; s 14/-. Westport Stockton (ord.): s 9d. Kaitangata: b 22/3; s 22/9. Insurance. National: b 18/2. Standard: s 61/6. Loan and Agency, Goldsbrough, Mort and Co.: b 28/3. New Zealand Loan and Mercantile (ord.): s £66. Wright, Stephenson and Co. (pref.): b 14/6. Meat Companies. New Zealand Refrigerating (20/paid): b 19/3; (10/- paid): b 9/2; s 9/5. Southland Frozen Meat (£1 ord.): b 54/-; s 57/6. South Otago Freezing Co.: b 93/-. Mining. Electrolytic Zinc (ord.): b 25/-; s 26/-. Gillespie’s Beach: b 2/-; s 2/3. Waitahu: b 6/3; s 6/8. Kildare: b 2/-; s 2/4. King Solomon: b 3/3; s 3/5. Okarito: b 10/-; s 10/5. Paddy’s Point: s 5/4. Waihi Grand Junction: b 3/10. Freshford: s 5Jd. Nokomai: b 2/9; s 3/-. Upper Shotover: b 1/6; s 1/7. Bell Kilgour: b 1/6; s 1/7. Bell Hooper: b 1/-; s 1/1(. Nevis Diesel: b 9d; s 1/-. Shipping. Union Steam Ship Company (pref.): b 24/-; s 25/-.

Woollen Mills. Bruce (ord.): b 7/-. Mosgiel: b £9 2/6. Miscellaneous. British Tobacco (Aust.): b 36/6. Colonial Sugar Co.: b £59. D.I.C. (ord.): b 13/-. Dominion Investments: b 28/-. Dominion Fertilizers: b 13/9; s 14/6. Donaghy’s Rope and Twine: b 41/6. New Zealand Drug: b 69/-; s 71/-. New Zealand Farmers’ Fertilizers: b 15/-; s 16/-. New Zealand Guarantee Corporation: b 8/3. New Zealand Paper Mills: s 28/6. Debentures. Government Stock, 3J per cent., 193943: b £lOO 5/-. Government Stock, 4 per cent., 194052: b £lOl 5/-. Government Bonds, 4 per cent., 1940: b £lOl. Government Stock, 4 per cent., 1946: b £lOl. Government Bonds, 4 per cent.. 1946: b £lOl. Government Stock, 4 per cent., 1949: b £lOl. Government Bonds, 4 per cent., 1949: b £lOO 5/-. Government Stock, 4 per cent,. 1955: b £lOl. Government Bonds, 4 per cent., 1955: b £lOl.

NORTHERN EXCHANGES. (Per United Press Association.) Auckland, October 25. Sales on ’Change: Stock 1955 4 per cent. £lOl 10/-; National Bank of New Zealand £4 3/—; Bank of New Zealand 46/3; South British 73/9; New Zealand Insurance 54/6 (2); New Zealand Guarantee Corporation, ord. 8/4; Auckland Gas 23/5; Kauri Timber 15/-; New Zealand Breweries 36/-; New Zealand Drug Co. 70/- (3); New Zealand Refrigerating Contributed 9/3; Okarito 10/7; Waihi 26/2 (2); Waihi Junction 3/11. Unofficial List: Investment Executive Trust B £9B. Wellington, October 25. Sales on ’Change: Inscribed Stock 34 per cent. (1939-52) to £lO2 2/6, £lO2 2/6 (2); Stock 4 per cent. (1940) £lO2, £102; Amalgaamted Brick, Auckland £93 (late Tuesday); Bank of New Zealand 46/3; Wellington Gas 34/-; Tooth’s 42/-; Tooheys 24/6; N.Z. Newspapers 27/6. Unofficial, National Tobacco 65/-. Christchurch, October 25

Sales on ’Change: Commercial Bank of Australia 16/11 (2); Commercial Bank of Australia (pref.) £Bl6/-; Bank of New Zealand (cum. div.) 46/-, 46/3, 46/5; N.Z. Refrigerating (£1 paid) 19/7 (2); N.Z. Refrigerating (10/- paid) 9/2 (5); Christchurch Gas 27/-; N.Z. Breweries 36/1, 36/- (3); Tooth’s Brewery 42/3 (3), 42/-, 42/2, 42/1; Anthony Hordern 12/10; British Tobacco 37/8; Burns Philp 53/9; Electrolytic Zinc (ord.) 25/5, 25/6, 25/3, 25/4 (3); Electrolytic Zinc (pref. cum. div.) 35/- (2), Mt. Lyell22/10; N.Z. Drug Co. 70/3 (2); Alexander Mines (13/6 paid) 16/10; Bell Kilgour 1/7; Gillespie’s Beach 2/1 (2); New Cornish Point (1/- paid) 1/1 (3); Waitahu 6/3 (3).

Sales reported: Commercial Bank of Australia 16/11, 16/10; Commercial Bank of Australia (pref.) £8 16/~; Bank of New Zealand 4/6; New Zealand Refrigerating (£1 paid) 19/8; N.Z. Refrigerating (10/- paid) 9/2; Mt. Lyell 22/10. Dunedin, October 25. Sales reported: Otago Daily Times £2 5/6; New Zealand Guarantee Corporation 8/5; Westport Coal 13/9; New Zealand Drug Co. £3 10/-; Freshford sd; Bell Hooper 1/0J; Okarito (2) 10/3. TF YOU WISH TO BUY OR SELL 1 SHARES, Debentures, Bonds, Stock, etc., COMMUNICATE WITH BROKERS, P.O. BOX 109, Invercargill. ADDINGTON STOCK SALE. RISE IN VALUES. (Per United Press Association.) Christchurch, October 25. Fat cattle and fat lambs showed a rise at the Addington market to-day

when butchers were buying rather heavily in view of the double market next week.

Store sheep.—Owing to rain prices showed a distinct hardening. Although the quality and breeding of the offering generally was inferior there was a keen demand for shorn wethers. Hoggets, ewes and lambs sold to 15/- all counted, the highest price this season. The offering was small. Values were good.—Good ewe hoggets to 21/3, good ewes and lambs (all counted) to 15/-, ordinary 9/- to 10/6, good shorn wethers 10/- to 14/5, medium shorn wethers to 12/-, ordinary 10/- to 11/—. Fat lambs.—The yarding was smaller but the quality uniformly good. There was a keen demand from butchers with a rise of a shilling. Prices were 8d to BJd per pound. Values were.—Show lambs to 28/10, extra prime heavy 25/to 26/6, prime 22/- to 24/6, medium 19/- to 21/6, light 16/- to 18/6. Fat sheep.—A yarding of 3500, mostly shorn. There were a few good lines and a keen demand for first class stuff at an advance of 1/- per head. Others sold at last week’s rates. Values were.— Woolly prime heavy wethers to 27/-, medium weight 23/6 to 26/6, ordinary 19/- to 22/6, light 14/- to 18/-, extra prime heavy ewes to 20/6, prime 23/6 to 25/6, medium weight 21/- to 23/-, ordinary 17/- to 20/6, light 13/- to 16/6; others to 29/1; prime heavy 18/to 20/-, medium weight 15/6 to 17/6, ordinary 13/- to 15/-, light 11/- to 12/6, extra prime heavy ewes 23/10, prime heavy 17/6 to 19/6, medium weight 14/6 to 17/-, ordinary 12/- to 14/-, light 9/- to 11/6. The cattle entry totalled 410. The quality was fair with a good demand later in the sale. There was a rise of 10/- per head over the whole auction. Values were. —Extra prime heavy steers to £l3 7/6, prime heavy £lO 5/- to £l2, prime medium weight £9 5/- to £ll, ordinary £6 15/- to £8 15/-, light to £6 10/-, extra prime heifers to £9 12/6, prime £7 to £9, medium £5 to £6 10/-, light to £4 17/6, show cows to £lO 2/6, extra prime £8 to £9 5/-, prime £6 to £7 10/-, medium £4 5/- to £5 10/-, light to £4. Fat pigs.—A good entry with a fair demand for local and export. Values were.—Choppers 20/- to £2 18/6, baconers 28/6 to 45/6, heavy 47/6 to £3 3/6, extra to £3 7/6, average pound 4d to 41d, porkers 22/6 to 27/6, heavy 32/6 to 36/6, average 44d to sjd.

BURNSIDE STOCK SALE. SHEEP CHEAPER. (Per United Press Association.) Dunedin, October 25. There were good entries in all sections at to-day’s Burnside sales. Well finished bullocks formed the bulk of the yarding of 230 fat cattle and some very prime consignments were forward from South Otago and Waikouaiti districts. Extra choice heavy bullocks sold to £l3 17/6, prime heavy £lO to £l2, medium £8 to £9 10/-, light £5 10/- to £7 10/-, best heifers made to £8 5/-, medium £5 10/- to £6 10/-, light £4 10/- to £5, best cows to £7 12/6, others £4 to £5 10/-. In the yarding of 1200 fat sheep the quality generally was right up to if not better than the standard of recent sales. Some extra choice wethers and ewes were included. Shorn ewes occupied only a small proportion of the yarding of wethers, while prime were not so heavy and the demand was not keen. Values at the opening were on a par with last week for all classes, but gradually receded and closed at 2/- per head lower than the opening rates for all grades with the exception of extra prime heavy wethers which sold at 4/- per head less than last week’s rates. Extra prime heavy woolly wethers made to 34/6, prime heavy 31/- to 33/-, medium 27/- to 30/- and light 22/- to 26/-. Prime heavy young ewes sold to 29/—, medium 22/- to 25/-, light 18/- to 21/-, best shorn wethers sold to 28/-, medium 19/- to 24/-, light 16/- to 18/-.

Spring Lambs.—One hundred and seventy were penned. A steady sale resulted at an average of 2/- per head less than the extreme prices which ruled last week. Extra choice lambs sold to 28/-, prime 22/- to 25/-, medium and light 18/- to 21/-. There was an entry of 134 head of store cattle. This included several lines of three-year-old steers which under good competition sold to £6 14/-, the latter price being obtained for a pen of very forward conditioned and wellbred sorts. Other lines sold from £4 10/- to £6 2/- according to size and quality. A pen of yearling Jersey dairy heifers realized £2. Younger steers were a shade cheaper, while the market for boning cows on account of the short supply firmed considerably. The vealer section was practically neglected and the small entry submitted sold firm at late rates. The dairy entry was mostly of indifferent quality and sales were difficult to effect with the exception of good dairy heifers and young good conditioned cows. Top price obtained for this class was £6.

In +he pig section 120 fats were offered, comprising almost wholly porkers, with only an odd pen of light bacon pigs. The sale was an erratic one and late rates were maintained in some cases, but the bulk of the yarding was cleared at a reduction of fully 4/- per head on last sale rates. Best porkers sold to £2 and baconers £2 8/-. Store pigs attracted a large attendance of buyers and the number forward was hardly sufficient for requirements. A keen sale resulted. Good suckers realized from 14/- to 18/-.

RABBIT SKIN SALE. The Dunedin Stock Agents and Woolbrokers’ Association (Messrs Dalgety and Co., Ltd., Donald Reid and Co., Ltd., Stronach, Morris, and Co., Ltd., New Zealand Loan and Mercantile Agency Company, Ltd., Wright, Stepenson, and Co., Ltd., Otago Co-operative Association, Ltd., and National Mortgage and Agency Company, Ltd.) reports as follows to the Otago Daily Times. Small catalogues were forward for the sale on Tuesday. The quality of the winter skins on offer was poor, and a weak demand was met with. Compared with last sale’s prices good bucks were lower by 6d. per lb, and on spotted grades the drop was occasionally more. All other sorts were slightly lower than last sale’s rates. From now on throughout the summer sales will be held monthly, the next sale being on November 21. The following is the range of prices:— Summer broken, 5Jd to 6d; autumn broken 9d to lOd; second winter broken, ll*d to 12? d: first winter broken, 15d to 16d; runners, 2d to 3d; summers, to 7d; small, to 2d; light racks 4d to sd; first spotted winters, 30d to 32d; second winter bucks, 44d to 46d; second winter does, 23d to 25d; first winter bucks, 59d to 63d; first winter does, 34d to 35jid; second spot* ted winters, 26d to 28d; out-going does,

17d to 18d; springs, lid to 12d; milky, 9d to 12Jd; fawn, 8d to lOd; summer black 4d to sd; autumn black, lOd to Ud; first winter black, 17 Ad to 18Jd; second winter black, 13d to 14d; hareskins, to 2d; horsehair, to 12d. DAIRY PRODUCE PRICES. The South Island Dairy Association report having received the following advice from the N.Z. Producers’ Co-op. Marketing Association, under date October 25, 1933.—80th quiet. New Zealand butter, Finest 98/-, Firsts 93/-. Danish 119/-. New Zealand Cheese, white 47/- to 48/-, coloured 46/- to 47/-.

Mr G. Blaxall, South Island representative of Messrs Lovell and Christmas Ltd., London, reports having received the following cable dated October 24, 1933, from his principals.— Butter, Finest 98/-, First Grade 92/to 93/-. Cheese, white 47/6, coloured 47/-. Markets very low. SYDNEY STOCK EXCHANGE. A FIRM MARKET. (United Press Assn.—Telegraph Copyright.) (Rec. 8.55 p.m.) Sydney, October 25. On the Stock Exchange there was a definite revival of activity to-day and the market was firm throughout. Sales: £ s. d. Bank of New South Wales 33 15 0 Associated Newspapers 1 0 4J Associated Newspapers (pref.) 10 6 Australian Provincial As-

THE METAL MARKET. (United Press Assn.—Telegraph Copyright.) (Rec. 8.55 p.m.) London, October 25. Metal quotations are as follows:— Ort. 2.1. Oct. 25.

LONDON STOCK MARKETS. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, October 24. After showing general firmness throughout the day stock markets closed with a good undertone, although values in some cases dropped below the best. LONDON SHARE QUOTATIONS. (United Press Assn.—Telegraph Copyright.) London, October 24. Banks.—Australasia £lO 5/-; New South Wales £2B 10/-; Union of Australia £8 7/6; National of New Zealand 69/-; Bank of New Zealand £9l (ex. div.); shares 48/6. New Zealand Loan and Mercantile Agency Company, 4 per cent., £77 10/-; ordinary stock £45.

surance 11 10 Howard Smith 12 7 Burns Philp 2 15 3 Gordon and Gotch 1 19 0 Australian Gas (A) 7 8 0 Dunlop Perdriau 18 10J Goldsbrough Mort 19 6 Tooth’s (New Zealand Delivery) 2 2 9 British Tobacco 1 18 3 Henry Jones 1 18 3 Millaquin Sugar 19 0 Electrolytic Zinc 1 5 7J Adelaide Steam 1 5 44 Colonial Sugar 61 0 0 Automatic Totalisators 17 6 Farmers 16 6 David Jones 1 15 0 Drug Houses of Australia 18 9 Anthony Hordern 12 9 Australian Iron and Steel (pref.) 17 3 Mt. Morgan 2 8 6 Bulolo Gold 4 17 6 Bulolo Deposits 1 10 Broken Hill Pty. 2 10 South Broken Hill 3 3 0 North Broken Hill 4 6 6 Commonwealth Bonds (4 per cents) — 1938 104 15 0 1941 105 11 3 1944 104 15 0 1947 104 17 6 1950 105 2 6 1953 105 2 6 1955 105 10 0 1957 104 10 0 Melbourne Sales. National Bank (£10 paid) 13 16 0 Electrolytic Zinc 15 0 Herald and Times 2 3 9 North Broken Hill 4 6 9 South Broken Hill 3 3 6

£ Ct. s 66. d uct. £ s co. d Copper, standard Spot 32 10 n 33 0 0 Forward 32 14 4& 33 2 6 Copper, electrolytic— ✓ Spot 36 0 0 36 0 0 Forward 37 0 0 37 0 0 American 7.62 cents 7.87 cents Wire Bars 37 0 0 37 0 0 Lead— Spot 11 5 0 11 10 0 Forward 11 12 6 11 17 6 SpelterSpot. 15 11 3 15 13 9 Forward 15 17 6 16 0 0 TinSpot 222 6 3 222 18 9 Forward 222 5 0 222 16 3 Silver (pence)— Standard 18 3-1 18 1-16 Fine 1 5 -8 19i