COMMERCIAL

Southland Times, Issue 22158, 28 October 1933, Page 3

COMMERCIAL

FINANCE AND TRADE

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S CALL OVER. At a meeting of the Invercargill Stock Exchange yesterday the following prices were quoted:— Banks. Commerical: s 17/-. E.S. and A. Bank: b 112/-, s 116/-. National of New Zealand: s 85/-. New South Wales: s £34 10/-. New Zealand: b 46/-. Union of Australia: b £lO 7/-, s £lO 10/-. Breweries. New Zealand Breweries — (Shares): b 35/9, s 36/6. Staples’ Brewery: s 28/6. Coal. Westport Coal: b 13/6. Insurance. National: b 18/3. Standard: s 61/6. Loan and Agency. Goldsbrough, Mort and Co.: b 29/-. National Mortgage, “B” issue: b 28/-. N.Z. Loan and Mercantile (ord.): s £66. Wright, Stephenson and Co.— (pref.): b 14/9. Meat Companies. N.Z. Refrigerating—(2o/- paid): b 19/6. (10/- paid): b 9/1, s 9/4. Southland Frozen Meat—(£l ord.): b 54/-, s 57/6. (10/- ord.): b 28/-. South Otago Freezing Co.: b 92/-. Mining. Electrolytic Zinc—(ord.): b 25/-, s 25/9. (pref.): b 34/6, s 35/6. Gillespie’s Beach: b 2/1, s 2/2. Waitahu: b 6/3, s 6/7. Kildare: s 2/4. King Solomon: b 3/2, s 3/4. Mount Lyell: b 22/6. Okarito: b 10/1, s 10/4. Paddy’s Point: b 5/-, s 5/4. Waihi Gold Mining: b 25/9. Freshford: s 7d. Nokoraai: b 2/9, s 3/-. Bell Kilgour: b 1/6, s 1/7. Bell Hooper: b 1/-, s 1/OJ. Upper Shotover: b 1/5, s 1/8. Shipping. Union Steam Ship Company (pref.): b 24/-. Woollen Mills. Bruce (ord.): b 10/-, s 12/—. Mosgiel: b £9 5/-. Miscellaneous. British Tobacco (Aust.): b 37/3. D.l.C.—(pref.): b 21/6. Dominion Fertilizers: b 13/-, s 14/3. Milburn Lime and Cement: b 31/-. New Zealand Drug: b 70/-, s 71/6. N.Z. Farmers’ Fertilizers: s 16/-. N.Z. Guarantee Corporation (ex div.): b 8/-. New Zealand Paper Mills: s 28/6. Otago Daily Times: b 45/3. Debentures. Government Stock, 31 per cent. 1938: 43: b £lOO 5/-. Government Stock, 31 per cent. 193943: b £lOO 5/-. Government Stock, 4 per cent, 1940: b £lOl 10/-. Government Bonds, 4 per cent, 1940: b £lOl 10/-. Government Stock, 4 per cent. 1946: b £lOl 5/-. Government Bonds, 4 per cent., 1946: b £lOl 5/-. Government Stock, 4 per cent, 1949: b £lOO 5/-. 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. Late Sales on Wednesday. King Solomons, 3/3J, 3/4, 3/3J. Upper Shotover (9d paid), 1/6.

THE STOCK EXCHANGE. THE WEEK’S TRANSACTIONS. LESS BUSINESS DONE. There was a noticeable decline in the volume of business transacted on the stock exchanges of the Dominion during the week. Monday being a holiday made one day less for trading, but nevertheless this alone could not have accounted for the falling away in sales. Very strong conditions were maintained for Government loans, but only limited business was done. The scarcity of large size parcels of the 4 per cent, issue continues. Sales were reported in the 1939-52 31 per cent, tax free stock at £lO2 2/6. This price is cum interest payable on November 15. In the 4 per cents, business was reported in the 1940 issue at £lO2, and in the 1955's at £lOl 10/-. There is probably some nervousness among investors that the earning power of the various banks might be affected if the Reserve Bank Bill at present before Parliament becomes law. This no doubt accounts to a certain extent for the falling away in turnover of banking shares. There was a certain amount of trading done in New Zealand ordinary’s, but at lower levels, sales being reported at 45/9, 46/- and 46/3. Commercials of Australia had little inquiry ,and only an odd sale or two was reported at 16/10 and 16/11. National Banks show a further fall in price, being turned over at 83/-. E.S. and A. the only other line dealt in up to the time these notes were written, had business reported at £5 13/6 and £5 14/6, further sellers asking £5 16/-. Sales of Bank of New South Wales were offered at £34 10/-, and Unions had sellers at £lO 10/-. The insurance section was very quiet, only an odd sale or two being reported in this section. New Zealands were placed at 54/6, showing an unchanged market, and South British, cum. dividend, at 73/9, show a slightly easier tone. South British from Thursday were quoted ex dividend. Steady inquiry throughout the week for National insurances, for which 18/2 was offered, failed to attract sellers. The National Insurance Company is paying a final dividend for the year ended September 30 of 5d per share, making with the interim dividend paid last May a total of 9d per share for the year. Shares in the pastoral group were not in much demand and sales were few. Goldsbrough Morts were placed at 29/6, showing a slightly firmer market. National Mortgage B issue were asked for at 28/-. A seller came on the market with a parcel of N.Z. Loan ana Mercantile Stock (ordinary) at £66, but there were no buying quotations. Buyers for Wright, Stephenson s preference issue increased their offers to 15/- without getting any response from sellers. The meat section was quieter than usual. Southland Frozen Meats remain very firm, with buyers for all issues at last week’s rates. New Zealand Refrigerating’s fully ® rn l e , n little, being dealt in at 19/6 and 19/8. The contributing issue is slightly easier, with sales at 9/3 and 9/2. South Otago Freezing Company shares had buyers jit 92/- ex dividends

A quiet period was experienced in the mining section. Okaritos were placed at 10/7, easing later in the week to 10/3. Gillespie’s Beach remain unaltered, with sales at 2/1. This company now finds extra money is required and has decided to increase the capital of the company by £5OOO and is offering 100,000 shares at par to the present Any number not taken up will be offered to the public at the current market price. Wailiis were not active, only one sale being reported at 26/2 compared with sales at 26/3 a week ago. Grand Junctions are also easier, business being reported in them at 3/11. Mount Lyells show a decidedly easier tone, with sales at 22/10 and 22/8. Electrolytic Zincs ordinary’s have come back to 25/4. A sale of this company’s preference issue cum. dividend of 1/- a share payable on November 2 was reported at 35/-. King Solomons were quiet, only an odd sale or two being reported at 3/3J and 3/4. Waitahus were sparingly dealt in at 6/3. Freshfords remain weak, a sale going ; through at sd. Bell-Kilgours have little inquiry, one sale being reported at 1/7. BellHoopers sold during the week at 1/01 and yesterday there were further sellers at this figure. In the general section there were a number of different lines dealt. New Zealand Drugs were in fairly strong demand, several parcels changing hands at 70/- and 70/3. British Tobaccos remain steady at 37/6 to 37/8. New Zealand Guarantees were placed at 8/4 and 8/5. The market yesterday showed buyers firm at 8/4. New Zealand Breweries eased sharply to 36/-, several sales being reported at that price. Tooth’s Brewery’s were a little weaker, being turned over at 42/1. Colonial Sugars advanced to high levels in selling at £6l. A sale was reported in New Zealand Paper Mills at 28/-. This company is paying an interim dividend amounting to 7 3-5 d per share on November 10. Westport Coals are steady, selling at 13/9. Otago Daily Times Company shares are firmly held and sales in this stock are fairly rare. A parcel sold during the week at 45/6. National Tobaccos had a sale at 65/and a parcel of D.I.C. preference shares cum. dividend of 6d per share, payable on November 1, sold at 24/-.

NORTHERN EXCHANGES. (Per United Press Association.) Auckland, October 27. Sales on ’Change: Bank of New South Wales £33 15/-; Bank of New Zealand 46/4J; ditto D Mort 32/3; Union Bank £lO 5/-; Wellington Gas 33/6; Auckland Gas 23/4; Gear Meat 32/3; Sharland (pref.) 23/6; N.Z. Refrigerating (con.) 9/6; Woolworths (N.Z. pref.) 35/-; Mataki 1/10; Okarito 10/6; Waihi 26/1. Unofficial List.—lnvestment Executive Trust B £9B; Sun Newspapers 4/-. ■Wellington, October 27. Sales of ’Change: Inscribed stock 4 per cent. (1946) £lOl 15/-, £lOl 7/6, £lOl 15/-, National Bank of Australasia (£5 paid) £6 14/6; New Zealand Refrigerating contributed 9/4; Dunlop Perdriau 19/-; Howard Smith 13/-; Wilson’s Cement 27/3, 27/4. Christchurch, October 27.

Sales on ’Change: N.Z. Government 4 per cent Inscribed (1946) £lOl 15/-; NZ. Government 4 per cent Inscribed (1949) £lOO 15/- (2); odd lots, Ashburton Electric 5J per cent 17/12/39 £lOO 10/-; Bank of Australasia £l2 15/-; Commercial Bank of Australia 17/- (2); Commercial Bank of Sydney £l7 15/6, £l7 15/- (2); Bank of New Zealand 46/6 (3); Union Bank of Australia £lO 7/-; Goldsbrough Mort 29/5; N.Z. Refrigerating (£1 paid) 19/8, N.Z. Refrigerating (10/- paid) 9/4, 9/< (2); Kaiapoi Woollens (17/- paid) 8/3, Dunlop Rubber 18/9 (4); Electric Zinc (ord.) 25/6; Electro Zinc (pref, cum div.) 34/10; Mt. Lyell 23/1; Gillespies Beach 2/1 (3), 2/lJd; Waitahu 6/5Jd. Sales reported: Commercial Bank ot Sydney £l7 15/-; Union Bank of Australia £lO 8/-, £lO 7/6; N.Z. Loan and Mercantile (ord. stk.) £6O. Dunedin, October 27.

Sales reported: Bank of New Zealand (3) £2 6/6, cum. div.; Okarito 10/2; Bell Hooper 1/-.

BURNS & COMPANY. QTOCK AND SHARE BROKERS. Alexandra Buildings. Corner Dee and Don Streets. Telegrams: “Sharestock,” Invercargill. P.O. BOX: 109. NOTICE TO INVESTORS. A DEBENTURE INVESTMENT returning 5% per annum payable quarterly is available at par upon application to The Securities Corporation (N.Z.) Ltd. (Local Office: National Bank Chambers, Invercargill). These debentures have approximately 36/- in the £1 liquid security behind them and are recognised by leading northern sharebrokers as being one of the soundest investments in New Zealand. INQUIRIES ARE INVITED.

A. H. MACKRELL. STOCK AND SHARE BROKER. Member Invercargill Stock Exchange, Federal Buildings, Dee Street, Invercargill. DUNEDIN MARKETS. FOWL WHEAT FIRM. (Per United Press Association.) Dunedin, October 27. So far as the local milling wheat market is concerned there is nothing fresh to record as few offerings are now being made by growers. The fowl wheat market is firm. Holders however are not anxious to sell. This position has affected values as during the season supplies for this market have had to be drawn from Canterbury and from Southland. The shipping market is also firm in the latter province. Today’s value in Canterbury for best whole fowl wheat for shipment is 3/9 per bushel, f.0.b., sacks extra. This price is exceeded locally, the quotation here being 3/8 per bushel, ex trucks sacks extra which is equivalent to 3/104 f.o.b.s.e. Supplies are short and a fair quantity will still be required before the new season’s wheat is availValues for oats remain firm with A Gartons worth 2/3 f.o.b.s.i. and B s 2/-. There have been a number of inquiries for shipment, but the quantity of oats now held is on the light side and there are few sellers at to-day’s prices. The indications point to a less area being planted in oats this season as compared with last season. With the dry weather being experienced in the north an improvement in values is not unpected. ~ . , „ , A fair demand exists locally for chaff. Supplies have to be secured from Canterbury as local growers are not inclined to chaff their stacks at current values. Most of the sales are con-

fined to store lots at £4 5/- per ton, sacks extra. It looked as if the potato market might firm, but heavier consignments are now arriving and it is difficult to make sales. There is still apparently a fair quantity of potatoes held in the country and with an early season for new potatoes it will not be long before the demand for old tubers will have ceased. The highest quotation locally for old potatoes is £3 per ton, sacks included ex store. The overseas demand for perennial and Italian Ryegrass continues and values for these seeds remain firm. Large quantities have been sold and this will deplete the stocks held in New Zealand. The dry weather conditions in Canterbury have also helped to firm up the seed markets owing to the shortage of feed in the northern province, farmers being forced to put their stock on to paddocks which they had intended to shut off for seed growing purposes. The cocksfoot market is firm and up to 10|d per lb is being asked for certified Akaroa seed on trucks, Christchurch

The dogstail market is also firm as a fair amount of export business is being transacted in this line. Fruit Report.

Fair supplies of apples are still reaching the market from Canterbury cool stores. A few lots are also arriving from Central Otago. Bananas are in very short supply. A shipment of Samoans is expected on Tuesday next. Christchurch grown tomatoes are in better supply and the market is a little easier. A shipment of Queensland pines arrived last Saturday on the Waikouaiti. A large shipment of South Australian Valencia and Navel oranges arrived on Tuesday by the Wainui from Melbourne. The condition of most of the fruit was not of the best. The price of the oranges was fixed at the same price as that for the previous shipment. Stocks are almost out of wholesale hands and no further shipments will reach here until Tuesday fortnight.

CANTERBURY MARKETS. (Per United Press Association.) Christchurch, October 27. The conference of grain merchants in Wellington this week interrupted business to some extent. The markets have remained firm and there is a continuance of the export of small seeds. On an estimate, the quantity of ryegrass shipped so far this season is 800 tons. This will make a good clearance of supplies before next season’s crop comes on the market and this at present does not look as if it will be a heavy one. Ordinary quality seed is quoted up to 2/1 per bushel, good, heavy clean 2/9. Cocksfoot is worth 6d. per lb on trucks for bay’s seed and sd. for plains; Cowgrass Bd. to 9d. and White Clover lOd. to 12d. So far there has been no report of these products. A slightly better demand has come from abroad for Dogstail which is quoted at Bd. per lb, Bluff. Chewmgs Fescue has been sold for export at sd. per lb. Small lots of potatoes, mostly Dakotas, are going to Wellington, but at Auckland new potatoes are arriving in larger quantities, and the season for old potatoes is not likely to continue much longer.

WYNDHAM STOCK SALE. Messrs Dalgety & Co., Ltd. A small yarding of sheep consisting principally of fat ewes. The prices for fats were a shade easier and there was only one pen of store ewes and lambs yarded which met with good competition. We sold: 18 fat wethers at 25/-, 2 fat ewes 23/6. 30 2-th maiden ewes at 22/-, 27 fat ewes at 18/-. 2 do., at 17/6, 9at 16/3, 4 at 16/-, 35 do. at 13/-; 18 ewes with 22 lambs at foot 10/- all counted. A large yarding of cattle included in which were a fair proportion of good store cattle, the balance being principally dairy cows and heifers. Prices for good finished cattle were firm while store cattle met with keen demand. There was a fairly good demand for any good dairy sorts close to profit, interest chiefly centring around F. & W. Muir’s annual draft of 2-year-old dairy heifers (Friesian-cross) which made the satisfactory average of £7 8/8. We sold: 1 fat cow £6 15/-, 3 do., at £4 2/6, 2 at £3 10/-, 1 at £3 7/6; store cows from £3 2/6, down to 15/-; 5 steers at £4 12/-, 4 do. at £4 10/-; 4 do., at £2 6/-; 9 store heifers at £4; dairy cows: 1 at £5 5/-, 1 at £2 15/-. Account F. & W Muir, 1 dairy heifer at £9 5/-, 1 at £9, 1 at £8 15/-, 1 at £8 10/-, 1 at £B, 1 at £7 17/6, 1 at £7 10/-. 1 at £7 2/6, 1 at £7, 1 at £6 15/-, 1 at £6, 1 at £5 7/6; 2 pigs at 12/6. Messrs Henderson & Co., Ltd., report: There was a small' yarding of sheep and a large yarding of cattle forward for to-day’s sale. The sheep consisted mostly of fat ewes with one pen of fat wethers. There was a good demand for fat sheep and the entry was cleared at satisfactory prices. There was only one small pen of ewes and lambs in the store pens, and this was sold at late rates. The quality of the fat cattle was not up to late sales, though prices all round realized last sale rates. There was a fair entry of store steers and the market showed a slight decline on last sale. Bidding was slow for the large entry of dairy cows and heifers, and prices dropped 20/- to 30/- per head on last day’s rates. Our sales were; Cattle: dairy cows at £7 15/-, £7, £5 10/-, £5 2/6; dairy heifers at £7, £5 10/-, £5 5/-, £5 2/6 (5), £4 5/-, £4 (3), £2 10/-, £1 17/6, £1 5/-, £1; 1 empty heifer £1 7/6, 1 empty cow £2 2/6; store cows at £1 10/-, £l, 12/-; 6 steers at £4. Pigs: 2 at 16/-, 1 at 14/-.

CLEARING SALE AT ORAWIA. (From Our Correspondent.) A very successful clearing sale was conducted by the National Mortgage and Agency, Co., Ltd., on account of Mr J. E. Moir, Orawia, on Wednesday, when there was a large attendance of district farmers. Following were some of the prices realized: Sheep: 167 six-tooth ewes and lambs (all counted) 12/7, 67 2-tooth ewes and lambs 15/-, 157 s.m. ewes and lambs 11/4, 50 ewe hoggets 21/1, 5 m.s. hoggets 15/-, 6 dry ewes 11/4. Horses: 1 six-year-old gelding £37 10/-, and 1 do (aged) £33 10/-. Cattle: Dairy cows at £4 17/6, £4 12/6, £3 12/6, £4 5/-, £3 2/6, £4 7/6, £4 10/-, £4, £3 15/-, £2 17/6 and £2 5/-, yearling heifer 35/-, and 1 bull £3 5/-. Implements, etc.: Blocks and chains 37/6, tyne harrows £5 15/-, clod crusher £1 7/6, discs £7, cultivator £lO 5/-, d.f. plough £7, ridger £2O, drill £2O, dray £6, coil of cyclone netting £2 10/-. Hamess and sundries sold at full market values.

MINING REPORTS. KING SOLOMON WASH-UP. The wash-up at King Solomon mine this week totalled 620 z 3dwt for five days’ work. FRESHFORD RETURN. The Freshford Gold Dredging Company’s return this week was 12oz. COLOMBO TEA SALES. Messrs J. Rattray and Son Ltd. supply the following report of the Colombo tea sales on Tuesday 24th inst.: Market generally irregular, all grades.

Prices lower id to Jd per lb. Quality poor, supplies small. Quantity 1,610,OOOlbs. HENRY JONES CO-OP. LTD. (Per United Press Association.) Wellington, October 27. Henry Jones Co-operative Limited have advised the Stock Exchange Association that a dividend was declared to-day of ninepence per share, payable on December 1. BROKEN HILL SOUTH LIMITED. (Per United Press Association.) Wellington, October 27. Broken Hill South Limited advised the Stock Exchange Association that a dividend of one shilling per share has been declared payable ih Melbourne on December 15. The books will close on November 8. SYDNEY STOCK EXCHANGE. Mt. MORGAN SHARES RISE. (United Press Assn.—Telegraph Copyright.) (Rec. 8.25 p.m.) Sydney, October 27. The Stock Exchange was very active to-day with a revival of interest in gold shares and pastoral scrip. A feature of the market was the demand for Mt. Morgans which are paying a dividend of 2/- and anticipate being able to pay quarterly dividends of 2/- in future. The shares touched 53/6. When sellers came in the price receded

THE METAL MARKET. (United Press Assn. —Telegraph Copyright.) (Rec. 8.25 p.m.) London, October 26. Metal quotations are as follows:— or oc

GOVERNMENT SECURITIES. (United Press Assn.--Telegraph Copyright.) London, October 26. The following are the latest quotations of Government securities compared with the prices ruling on October 19:—

LONDON DAIRY PRODUCE MARKET. Butter.—Market weak. We quote Danish 116/- to 118/-; New Zealand finest salted 90/- to 97/-; Australian finest unsalted 100/- to 106/-; Australian finest salted 90/- to 95/-; Australian G.A.Q. 89/- to 91/—. Cheese.—Market slow. We quote: New Zealand white 48/-; coloured 46/to 47/-; Canadian white 51/- to 53/-; coloured 51/- to 53/-. Messrs Dalgety and Company Limited report having received the following market cable from Messrs Samuel Page and Son, London, under date of the 26th inst.:— Mr A. H. Mackrell, agent for R. and W. Davidson, Ltd., reports having received the following market report:

Butter market continues weak, 90/to 97/-; unsalted 103/- to 108/-. Cheese very slow; White 47/-, 48/-; coloured 46/- to 47/-. Messrs A. S. Paterson and Co. Limited report having received the following advice from their principals, Messrs J. and J. Lonsdale and Co. (London) Limited:—Butter: Market demoralized—buyers holding off. Danish 92/- f.0.b., landed cost 114/-; New Zealand 95/-; Australian 94/-. Cheese.—Market quieter. White cheese 47/-; coloured 46/-; Canadian October 47/6, September 51/6 c.i.f. Messrs A. H. Turnbull and Co., Ltd. advise having received a cable from their principals, Messrs W. Weddel and Co. Ltd., dated London 25th inst., in which they advise as follows:—Danish butter 116/- per cwt.; New Zealand Finest butter 96/- per cwt.; “Kangaroo” 95/- per cwt.. Butter market very weak. New Zealand cheese, white 49/- per cwt.; New Zealand cheese, coloured 48/- per cwt. Cheese market quiet. BUTTER DULL. (United Press Assn.—Telegraph Copyright.) London, October 26. Butter. —Dull. Danish 112/-, 114/-. Choicest salted New Zealand 76/-; Australian 95/-, 96/-. Unsalteds: About 10/- premium. Cheese:—Slow. New Zealand coloured 47/-; white 48/-; Australian 45/-, 46/-. Sugar:—November, 5/1. WHEAT CARGOES. (United Press Assn.—Telegraph Copyright.) London, October 26. Wheat cargoes opened firm in sympathy with North American advices and quotations were threepence to sixpence up. Buyers were reluctant to follow owing to heavy Russian clearances and pressure to sell. For Manitobas the closing tendency was easier. Parcels were poorly supported at threepence to sixpence up and closed easier on American cables. Futures.—London, December 20/-, February 20/3, April 20/9; Liverpool, October 4/sj, December 4/6J, March 4/10?, May 5/11?. Spot trade is dull. Australian ex-ship 23/- to 24/-. Flour is steady. Australian ex store 18/- to 18/6. Oats are quietly steady. Peas and beans are quiet. LONDON SHEEPSKIN SALES. GOOD COMPETITION. (United Press Assn.—Telegraph Copyright.) London, October 26. At the sheepskin sales 4,028 were offering, including 1,573 from New Zealand. There was good general competition from Home, Continent and the United States. Practically all were sold. Australian best merinos and fine crossbreds were frequently a farthing dearer than on September 7. Average sorts were unchanged. New Zealand crossberds were unchanged. Lambs were a half-penny dearer. Bradford.—Market firm and business is moderate. Seventies 35d; sixty-fours 33|d; sixties 31|d; fifty-sixes 23d; fifties 15|d; forty-sixes Hid; forties IOJd. PRICE OF GOLD. (United Press Assn.—Telegraph Copyright.) London, Octoer 26. The price of gold is quoted at £6 10/9J per ounce.

THE DOLLAR QUOTATION. (United Press Assn.—Telegraph Copyright.) London, October 26. The dollar is quoted at 4.74 J.

to 51/-. Sales: — Bank of New South Wales 33 15 0 Commercial Bank of Sydney 17 18 0 Colonial Sugar 61 5 0 Associated Newspapers 1 0 6 Associated Newspapers (pref.) 1 0 6 Howard Smith 12 10 Bums Philp 2 15 3 British Tobacco 1 18 6 British Tobacco (pref.) 1 8 0 Dunlop Perdriau 19 0 Tooth’s 2 2 9 Goldsbrough Mort 1 10 0 Australian General Insurance 11 9 Australian Provincial Assurance 11 11 Winchcombe Carson 1 9 3 Henry Jones 1 18 0 Anthony Hordern 13 4 Farmers 16 9 Standard Cement 16 6 Wunderlich 1 2 0 Australian Iron and Steel (pref.) 17 6 Mt. Lyell 1 3 0 Broken Hill Pty. 2 1 3 South Broken Hill 3 5 0 North Broken Hill 4 7 6 Mt. Morgan 2 11 0 Mt. Morgan (six weeks) 2 11 3 Kuala Kampar 11 5 Kuala Kampar (New Zealand Delivery) 11 6 Commonwealth Bonds (4 per cents) — 1938 104 7 6 1941 105 11 3 1944 104 7 6 1950 105 8 9 1953 105 10 0 1955 105 17 6 1957 106 7 6 1959 104 17 6 1961 105 10 0 Melbourne Sales. Commercial Bank (pref.) 9 0 0 National Bank (£10 paid) 13 16 0 Herald and Weekly Times 2 3 Dunlop Perdriau 18 11 Howard Smith 12 10 ■ ■'

Oct. 25. Oct. 26. £ s d £ s d Copper, standard— Spot 33 9 4J 33 13 9 Forward 33 11 10$ 33 16 10| Copper, ElectrolyticSpot 36 10 0 37 0 0 Forward 37 10 0 37 10 0 American 8.25 cents 8.25 cents Wire Bars 37 10 0 37 10 0 Lead— Spot 11 18 9 12 1 3 Forward 12 3 9 12 6 3 Spelter— Spot 16 0 0 16 0 0 Forward 16 6 3 16 6 3 TinSpot 223 18 9 225 1 3 Forward 223 13 9 224 18 9 Silver (pence)Standard 18 1-16 18 1-16 Fine 19J 19J

Last week £ s :. This ' week, s d d £ Consols 73 12 0 73 15 0 Funding Loan, 4 p.c, 19G0-90 110 10 0 111 0 0 Assented War Loan 101 10 0 100 2 6 Conversion Loan, 3J p.c. 100 5 0 100 10 0 Victory Bonds, 4 p.c. 109 15 0 110 0 0 Commonwealth, 5 p.c., 1945-47 110 10 0 110 10 0 Commonwealth, 6 p.c, 1945-47 101 3 9 101 6 3 Commonwealth, 31 p.c, 1945-47 101 7 6 101 7 6 Victoria, 3 p.c, 1929-40 92 13 9 92 10 0 Victoria, 3| p.c, 1929-40 98 10 0 98 12 6 Victoria, 5? p.c, 1930-40 101 5 0 101 7 6 Victoria, 5 p.c, 1932-42 101 7 6 101 11 3 Victoria, 4J p.c, 1940-60 105 10 0 105 15 0 New South Wales, 3 p.c, 1935 100 13 9 100 13 9 Nev/ S_uth Wales, 3} p.c, 1930-40 98 17 Queensland, 5 p.c. Stock redeemable, 1940-60 107 7 6 98 12 6 6 107 10 0 Queensland, 3 p.c, 1922-47 93 10 0 93 10 0 New Zealand, 4£ p.c, 1945-47 107 15 New Zealand, 3J p.c, 1940 101 1 0 107 17 6 3 101 3 9 New Zealand, 3 p.c, 1945 94 12 6 95 0 0 New Zealand, 6 p.c, 1936-51 107 3 9 107 10 0 South Australia, 3£- p.c, 1939 101 2 South Australia, 3 p.c, 1916 or after 79 12 6 101 0 0 6 79 16 9 Tasmania, 3J p.c., 1930-40 101 0 0 101 0 0 Tasmania, 3 p.c, 1910-40 . 98 0 0 98 0 0 Western Australia, 3J p.c, 1926-36 100 7 Western Australia, 3 p.c, 1915-35 100 10 6 100 10 0 0 100 15 0