COMMERCIAL

Southland Times, Issue 22362, 29 June 1934, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S CALL-OVER. At a meeting of the Invercargill Stock Exchange yesterday the following prices were quoted:— , Banks. Australasia: b £ll 15/-. Commercial: s 16/2. E.S. and A. Bank: s £5 2/6. National of New Zealand: s 80/-. New Zealand: b 48/-. New Zealand Long “D” issue: b 33/9. Union of Australia: s £lO. Breweries. New Zealand Breweries (Shares): b 42/-, s 42/9. Westport Coal: b 17/9, s 18/6. Westport Stockton (ord.): b 2/6. Insurance. National: s 19/3. Loan and Agency. Dalgety and Co.: s £lO 5/-. National Mortgage: s 62/-. Trustees’ Executors (Dunedin): b 65/-. Meat Companies. N.Z. Refrigerating (20/- paid): b 19/2, s 19/6; (10/- paid): b 9/-, s 9/3. Southland Frozen Meat (£1 ord.): b 70/-; (10/- ord.): b 35/-; (£1 pref.): b 70/-. Mining. Electrolytic Zinc (pref.): b 33/-. Gillespie’s Beach: b 1/9, s 1/11. Golden Sands: s 2. 10. Kildare: b 1/11, s 2/2. King Solomon: s 4/-. Mount Lyell: s 20/11. Mahakipawa: s lid. Okarito: b 7/-, s 7/10. Waihi Grand Junction: b 4/1. Bell Kilgour: s 4d. Bell Hooper: s 61d. Bendigo: b 6Sd, s Bd. Big River: s 1/-. Central Shotover: b 9d, s 1/-. Goldfield Dredging: s lOld. Moonlight Nelson: b 54d, s 61d. Nevis Diesel: b 3d. Nokomai: b 2/11, s 3/2. Skippers: s lOd. Upper Shotover: s 1/-. Maerewhenua: s 9d. Woollen Mills. Kaiapoi (ord.): b 10/6; (pref.): s 19/6.' Mosgiel: b £lO. Miscellaneous. D.I.C. (pref.): b 24/9. Dominion Fertilizer: b 18/9. Milburn Lime and Cement: b 32/-. New Zealand Drug: b 77/-, s 79/-. N.Z. Farmers’ Fertilizers: s 20/9. N.Z. Guarantee Corporation: b 4/3. New Zealand Paper Mills: b 29/9. Debentures. Government 31 per cent. Stock, 193843: b £lO6. Government 31 per cent. Stock, 193943: b £lO6. Government 4 per cent. Stock, 1940: b £lO5 5/-. Government 4 per cent. Bonds, 1940: b £lO5 5/-. Government 4 per cent. Stock, 1946: b £lO6 7/6. Government 4 per cent. Bonds, 1946: b £lO6 7/6. Government 4 per cent. Stock, 1949: b £lO6 7/6. Government 4 per cent. Bonds, 1949: b £lO6 7/6. Government 4 per cent. Stock, 1955: b £lO6 7/6. Government 4 per cent., Bonds, 1955: b £lO6 7/6. Sale Reported. A sale was reported as follows:— Maerewhenua: 81d. A. H. MACKRELL. gTOCK AND SHAREBROKER. (Member Invercargill Stock Exchange). Federal Buildings, Dee St., Invercargill. R. R. BINNEY. STOCK AND SHAREBROKER, 21 TAY STREET. Phone: 1136. (Member Invercargill Stock Exchange). SCANDRETT & SONS, LTD. D. M. SCANDRETT. (Member Invercargill Stock Exchange). ROSLYN HOUSE, ESK STREET. Phone: 180. P.O. Box: 180. BURNS & COMPANY. STOCK AND SHAREBROKERS. Alexandra Buildings. CORNER DEE & DON STREETS. Telegrams: “Sharestock,” Invercargill. P.O. Box: 109. ’Phone: 233. NORTHERN EXCHANGES. (Per United Press Association.) Auckland, June 28. Sales on ’Change: Bonds 1955 4 per cent £107; Central Electric Power Board 1964, 5£ per cent £103; Amalgamated Brick (Auckland) 1944 71- per cent £95; Bank of Australasia £ll 15/-; Bank of New Zealand 48/6 (2); Bank of New Zealand (D pref.) 33/10 (2); South British Insurance 79/3 (2); Kaiapoi Woollen 11/3; Farmers’ Trading (ex div.) 5/3; N.Z. Newspapers 29/6; N.Z. Refrigerating (10/- paid) 9/-; Brian Boru 1/7|; Golconda (lOd paid) 3d; Golden Dawn 2/4; Skippers 9d; Waihi Junction 4/3. Unofficial list: National Tobacco 64/6. Wellington, June 28. Sales on ’Change: Bank of New Zealand D Mort. 33/10, 33/11J, 34/-, 34/3; South British Insurance 79/9; N.Z. Breweries 42/3; Colonial Sugar £66. Christchurch, June 28. Sales on ’Change: N.Z. Government 4 per cent. Inscribed 1955 £lOO 15/-; National Insurance 19/3; South British Insurance 79/-; Goldsbrough Mort (ex div.) 30/8, 30/9, 30/8; Westport 18/-; N.Z. Breweries (cum div.) 41/3; Beath and Company 33/-; Alexander Mines (13/6 paid) 14/8 (2), 14/9 (2); Bell Hooper (1/- paid) sgd (4); Big River 1/0J (3); Brian Boru 1/7; Central Shotover (9d paid) lOd, 9Jd; Glenroy (1/paid) 1/3J, 1/3; King Solomon 3/7, 3/6; Mahakipawa (1930 issue, pref.) 1/11

(2); Nokomai 2/11 (3); Skippers 9d (6); Golden Point IJd. Sales reported: National Bank of New Zealand (cum div.) £3 15/9; National Insurance 19/3; E.S. and A. Bank £5 1/-; Booth Macdonald 61 per cent. 1937 £7l; Westport Stockton Coal (ord.) 3/-; Workshop 1/6; Mossy Creek 1/6; Glenroy Gold 1/3. Unlisted sales: Ben Ledi (9d paid) 6Jd.. Dunedin, June 28. Sales on ’Change: Skippers 9d. (2). Sales reported: Westport Coal 18/-; New Zealand Refrigerating (paid) 19/31; Associated News 22/6; Big River 1/01; Skippers 81d. (2). WYNDHAM SALE. Messrs Henderson and Co., Ltd., report:—Very small yarding of sheep forward for to-day’s sale, the lot being practically yarded in the fat pens. Good butchers’ wethers sold well, showing an increase of 3/- per head on last sale. One or two pens of fat lambs met late market rates. There was a fair yarding of fat cows and steers. Bidding in the fat pens was fairly keen, with the result that the market showed a rise of £2 10/- per head. There was very few store cattle yarded. This class was not wanted and sales made showed a decline on late sales. We sold:— Sheep.—Two lambs at 20/-, passed 12 lambs. Cattle.—Fat cows at £3 12/6 (3), £3 17/6 (3), £3 7/6, £2 17/6 (2), £2 5/(2), store cows at £2, £1 17/6. MAEREWHENUA GOLDFIELDS. The consulting engineer to the Maerewhenua Goldfields Development Company, Ltd., reports that sluicing in virgin country commenced on Tuesday, and that there is already evidence of gold being caught in the boxes. COLOMBO TEA SALE. Messrs J. Rattray and Son, Ltd., Invercargill, advise having received the following cabled report of tea auction held in Colombo on Tuesday, 26th inst: —Quality better with supplies becoming smaller. Prices generally firmer particularly in better grades. This weeks’ sale 2,410,0001b5. Next week’s sale 2,250,0001b5. DAIRY PRODUCE MARKET. Messrs Dalgety and Company, Limited, report having received the following market cable from Messrs Samuel Page and Son, London, under date of June 27: — London Dairy Produce Market. Butter: Market weak. We quote: Danish, 84/- to 85/-; New Zealand finest salted, 74/- to 76/-; Australian finest unsalted, 70/- to 73/-; Australian finest salted, 69/— to 71/-; Australian G.A.Q., 66/- to 68/-. Cheese: Market slow. We quote: New Zealand white, 48/-; New Zealand coloured, 46/-; Canadian white, 52/- to 58/-; Canadian coloured, 52/- to 56/-; Canadian C.1.F., 51/- to 53/-. The New Zealand Loan and Mercantile Agency Company report having received the following cabled advice from their London office:—

Butter—7s/-, 76/-. Market been extremely quiet, affected heavy Continental supply and unexpected increase shipments from Australia first half June. Cheese.—White 48/-; coloured 46/-. Lower quotations contribute little business doing. 81-MONTHLY SHIPMENTS OF MEAT TO THE UNITED KINGDOM, ETC. The New Zealand Meat Producers’ Board is advised by cable from its London office that the shipments from Australia and South America to the United Kingdom during the first half of June were as follows:— Australia: Carcasses mutton, 41,986; carcasses lamb, 104,456; quarters beef, 80,599. South America: Carcasses mutton, 117,947; carcasses lamb, 318,044; quarters beef (frozen), 610; quarters beef (chilled) 254,083. Included in the South American figures are 260,065 carcasses of lamb and 110,314 carcasses of mutton shipped from Patagonia. The shipments from New Zealand to the United Kingdom for the same period were as follows:— New Zealand: Carcasses mutton, 46,348; carcasses lamb, 443,013; quarters beef (frozen) 24,910; quarters beef (chilled) 2,590.

WAIRARAPA AYRSHIRES FOR TASMANIA.

SOUTHLAND BREEDER ALSO PURCHASES.

The success of the imported blood in the Ardgowen Ayrshire stud, owned by Mr J. G. Donald, of Featherston, Wairarapa, has attracted the attention of Tasmanian breeders and Mr Donald has just disposed of a rising yearling bull and an in-calf heifer to Mr Gerald E. Reed, of Lowestoft, North Berridale, Hobart. These high class Ayrshires are being shipped by Messrs Wright, Stephenson and Co., Ltd"., by direct boat this week. The bull, Ardgowan Night Raid, is a very attractively marked white and red animal of show type. He is sired by Avonsyde Star of Fame, one of Mr Donald’s two great imported breeding bulls, and for which he paid the top price of 305 guineas at the sale of imported Ayrshire bulls brought to New Zealand by the New Zealand Ayrshire Breeders’ Association. Avonsyde Star of Fame won the championship for Mr Donald at the Wairarapa Show and has sired prize-winning stock in leading showrings all over the Dominion. His first crop of heifers were in milk this past season and have given exceptional results.

Mr Donald docs not engage, in semiofficial testing but the whole of his herd is under herd test. Many of the Star of Fame heifers have given in the herd of 120 head in milk over 3001 b fat and promise to develop into splendid cows. Avonsyde Star $f Fame was sired in Canada by Alta Crest Air Mail, a son of Lessnessock Searchlight (bred in Scotland) and from Douglas Hall Dandy, a cow also bred in Scotland and which when C.O.R. tested in Canada produced 8091 b butterfat. This record was exceeded by the dam of Avonsyde Star of Fame, as this cow, Rosebank Pride, made the splendid record of 9781 b butterfat, her five consecutive records averaging over 7001 b fat. The dam of the young bull is Ardgowan Starry Night. This heifer was second at the Wairarapa and Royal Shows in the spring and first in the autumn when shown as a yearling at the Masterton Show and as a two-year-old met with excellent success, being first in her class and winning the reserve championship at the Wairarapa Show and was second at the Manawatu Show to Ardgowan Graceful Star, which in the autumn won the Royal Championship. She is a daughter of Thomcroft Star Boy (imp.)) twice in succession Royal Champion and undefeated in the Dominion, and undoubtedly the greatest breeding bull ever imported to New Zealand. He sired the winners of three Royal Championships in his first two crops of calves and in addition to having sired winners and champions of the breed all over the Dominion, his stock have proved capable of winning over all breeds in the strongest dairy classes. At the Hawera Jubilee Show, one of «the greatest dairy shows held in New Zealand, his progeny won over all breeds in three-year-olds, two-year-olds, yearlings (first and second), first for a pair of yearlings and the champion-

ship for a dairy heifer of any age from one year to three years. The combination of breeding behind the young bull in which Mr Donald has crossed the two imported sires, has proven exceptionally successful in the herd. Both the bull and the heifer descend from those great dairy sires, Ivanhoe Dairy King (dam’s record, 7311 b fat at four years, New Zealand record) and Hindsward Jimmie. The heifer, Memory of Fame, which is also sired by Avonsyde Star of Fame (imp.), was second prize as a yearling at the Wairarapa Show, and third both at the Manawatu and Hawera Shows, in each case being beaten by other heifers from Mr Donald’s stud. Memory of Fame, a great bodied heifer of excellent type, is in calf to Mr Donald's last imported sire, the Scotch bred bull, Hobsland Prince of Perfection, whose sire, Netherhall Enterprise, is one of the great breeding bulls of the day, while his dam, Hobsland Lovely 16th. which is also the dam of the undefeated sire, Hobsland Satisfaction, and two other great champions exported to South Africa and the United States, represents probably the most noted family of the breed. These two Ardgowan Ayrshires should prove a splendid advertisement in Tasmania for the breed. Noted Bull for Southland. Mr Donald has also sold to one of Southland’s-leading breeders, Mr T. G. Dobbie, of Edendale, the rising yearling bull Ardgowan Rising Fame. This fine bull is sired by Avonside Star of Fame, while his dam is the great Ayrshire cow, Ardgowan Hazel, which has the following records: 3431 b fat at two years in 233 days, 5301 b fat at three years in 250 days, 7081 b fat at four years in 305 days, 6811 b fat at six years in 299 days and 6301 b fat at seven years in 293 days. These records were all made running with the herd. Ardgowan Hazel is sired by Howie’s Cannie Scot (imp.) while his dam, Howie’s Polly, was also imported. This cow always calved late in the season and was never tested for a full season, but for the month of January she produced 1071 b fat and for 175 days 4171 b fat. Ardgowan Hazel is also the dam of Mr Donald’s noted three-year-old bull, Ardgowan Rising Star, who has been undefeated throughout his showring career and was Royal champion both at two and three years. Mr Dobbie thus secures in a half-brother to this famous Royal champion a bull of extraordinary breeding and high butterfat backing, his four nearest dams having records of 7081 b fat in 305 days. 9781 b fat in 365 davs, 8091 b fat in 365 days and 417 lb fat in 175 days. Backed by such great animals of the breed, Ardgowan. Rising Fame has extraordinary credentials for a great career as a sire. STUD SHEEP SALES. A STRONG MARKET. (United Press Assn.—Telegraph Copyright.) (Rec. 9.30 p.m.) Sydney, June 28. Merinos sold at the annual stud sheep sales which closed to-day, realized £62,826 compared with a total of £37,388 last year. The market finished strongly, affording the best evidence of renewed confidence. Prices, according to experts, were reminiscent of the boom years. In addition 419 Corriedales and British breeds aggregated £3352. Yesterday’s catalogues comprised 688 Merino rams which made £22,407, or an average of £32 11/3. The Renwick Estate (New Zealand) to-day brought an extra special stud Merino ram from the Mardry Estate, Hay, for 150 guineas. SYDNEY STOCK EXCHANGE. WIDER RANGE OF BUSINESS. (United Press Assn.—Telegraph Copyright.) (Rec. 8 p.m.) Sydney, June 28. On the Stock Exchange to-day the business embraced a wider’ range of general industrial issues with prices round late levels. Goldmining transactions resulted in a moderate turnover. Sales: —

SYDNEY PRODUCE MARKETS. (United Press Assn.—Telegraph Copyright.) (Rec. 8 p.m.) Sydney, June 28. Wheat—On country sidings, bagged 2/2, bulk 2/1, equal to about 2/9 ex trucks, Sydney. Flour—£B. Bran- -£4 5/-. Pollard—£s. Potatoes —Tasmanian £7 10/- to £9. Victorian —£7. Onions —Victorian Brown Spanish, £6 10/- to £7. Maize—Yellow, 3/3; white, 3/4. ADELAIDE QUOTATIONS. (United Press Assn—Telegraph Copyright.) (Rec. 8 p.m.) Adelaide, June 28. Wheat—Growers’ lots, 2/6. Flour—Bakers’ lots, £7 17/6. Bran—£s 5/-. Pollard—£s. Oats—Algerian, 2/-. Barley—To 2/3. THE METAL MARKET. (United Press Assn—Telegraph Copyright.) (Rec. 8 p.m.) London, June 27. June 26. June 27.

FOREIGN EXCHANGES.

(British Official Wireless.)

(Rec. 5.5 p.m.) Rugby, June 27. The following rates of foreign exchange are current to-day compared

BRITISH WAR LOAN. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, June 27. The 3| per cent, war loan is quoted at £lO3 3/9. THE DOLLAR AND THE FRANC. (United Press Assn—Telegraph Copyright.) London, June 27. The dollar is quoted at 503 g and the franc at 76 7-16 to the £ sterling. PRICE OF GOLD. (United Press Assn.—Telegraph Copyright.) London, June 27. Tire price of gold is quoted at £6 18/11 per ounce.

£ s d Colonial Sugar 66 15 0 Associated Newspapers 1 2 9 Tooth’s 1 2 3 Toohey’s 1 6 6 Dunlop Perdriau 18 0 Goldsbrough Mort 1 10 7i Henry Jones 1 11 9 Fairymead Sugar 1 16 6 Farmers 18 9 Anthony Hordern 14 9 Meggitts 11 0 Drug Houses of Australia 18 9 Adelaide Steam 1 5 6 Mt. Morgan 1 7 0 Broken Hill Pty. 2 4 6 Bulolo Gold 7 19 6 Bulolo Deposits 1 0J Rawang 8 8 Larut 14 3 Kramat Tin 1 18 0 Malim Nawar 14 9 Placer Development 24 15 0 Commonwealth Bonds (4 per cents) — 1941 105 12 6 1944 107 16 3 1947 ' 109 3 9

£ s d £ s d Copper— Standard, spot 31 11 3 31 9 4J Forward 31 18 9 31 18 U Electrolytic 34 15 0 34 15 0 to 35 5 0 35 5 0 Wire Bars 35 5 0 35 5 0 American 9 cents 9 cents Lead— Spot 11 2 6 11 2 6 Forward 11 5 0 11 5 0 Spelter— Spot 13 12 6 13 12 6 Forward 13 16 3 13 16 3 TinSpot 226 15 0 225 8 9 Forward 226 8 9 225 1 3 Silver— Standard, per oz. 20 5-16d 20 7-16ci Fine, per oz 21 l-16d 22 l-16d

with par:— Par. To-day. Paris, fr. 124.21 76 15-32 New York, dol. 4.88G ■ Montreal, dol. 4.88G ——- Brussels, belga 32.00 21.57J Geneva, fr. 25.22 15.50 Amsterdam, fr. 12.10 7.42J Milan, lira „ 93.46 58 15-16 Berlin, r.m. 20.42 12.801 Stockholm, kr. 18.159 19.40 Copenhagen, kr. 18.159 22.391 Oslo, kr. 18.159 19.901

Vienna, sch. 34.558 27 Prague, kr. 20.22 121{ Helsingfors, mark 124.23 226? Madrid, kr. 15.225 361 Lisbon, escu. 4* 110 Athens, dr.* 570 525 Bucharest, lei. 25.225 503 Belgrade, kr. 25.225 221 Warsaw, zlotys to £ 43.36 — Rio de Janeiro, mil.* 8.98 4} Buenos Aires, dol.‘ 45.57d 36J Montevideo, dol.* 45.57d 38? Bombay, rupee 19 18 3-64 Shanghai, tael ■' ■ — 16i Hong Kong ■ ■■ ■■■ ■ 17g Yokohama ——■— 14-| Batavia, guilder * Sellers official. 12.107 —