COMMERCIAL

Southland Times, Issue 22510, 19 February 1935, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE YESTERDAY’S QUOTATIONS. At a meeting of the Invercargill Stock Exchange held yesterday morning the following prices were quoted:— Government Debentures. Government Stock, 3| per cent., 193843: b £lO7. Government Stock, 3| per cent, 193852: b £lO7. Government Stock, 3| per cent., 193943: b £lO7. . Government Stock, 3J per cent., 193952: b £lO7. Government Stock, 4 per cent., 1940: b £lO2 - Government Bonds, 4 per cent., 1940: . b £lO2. Government Stock, 4 per cent., 1946: b £lO4 10/-. Government Bonds, 4 per cent., 1946: b £lO4 10/-. Government Stock. 4 per cent., 1949: • b £lO7. Government Bonds, 4 per cent., 1949: b £lO7. Government Stock, 4 per cent., 1955: b £lOB 15/-. Government Bonds, 4 per cent., 1955: b £lOB 15/-. Banlcs. E.S. and A. Bank: s £5 1/-. National of New Zealand: s 71/-. New Zealand: b 49/-; s 50/-. New Zealand Long “D” issue: s 32/6. Union of Australia: s £9. Breweries. New Zealand Breweries (shares): b 50/6, s 51/-, Timaru Brewery: s 9/-. Coal. Westport Coal: s 22/-. Westport Stockton (ord.): s 2/5. Insurance. National: s 23/6. New Zealand: s 68/6. Standard: b 72/-. Loan and Agency. Goldsbrough, Mort and Co.: s 29/=. National Mortgage: s 60/-. Wright, Stephenson and Co. (ord.): s 18/6; (pref.): b 19/10, s 20/3. Meat Companies. N.Z. Refrigerating (20/- paid): s 19/9; (10/- paid): s 9/6. Southland Frozen Meat (£1 ord.): b 78/-, 8 80/-; (10/- ord.): b 39/-, s 40/-; (£1 pref.): b 78/-, s 80/-. South Otago Freezing Co.: b £6 8/-.

Miscellaneous. British Tobacco (Aust.): s 38/6. D.I.C. (pref.): s 26/3. Dominion Fertilizer: b 21/3. Dominion Rubber Co.: s 31/-. Dunlop Rubber (Aust.): s 19/3. New Zealand Drug: s 80/-. New Zealand Guarantee Corporation: b 5/9. New Zealand Paper Mills: s 34/6. Wilson’s (N.Z.) Portland Cement: b 33/3, s 34/-. Woolworths (Sydney): b 92/-, s 93/-. Woollen Mills. Kaiapoi (ord.): s 15/9. Mining. Bell Hooper: s 3d. Bell Kilgour: s Id. Bendigo Goldlight: s IOJd. Broken Hill: s 53/6. Big River: b 2/1, s 2/4. Gillespie’s Beach: s 1/8. Goldfields Dredging: b Bd, s 9£d. Kildare: s 3/-. King Solomon: b 3/11, s 4/2. Maerewhenua: s 3d. Nokomai: b 2/-, s 2/9. Okarito: b 7/11. Skippers: s 6Jd. Waihi Gold Mining: b 39/-. Waitahu: b 2/1. Sales Reported. Southland County Council: £4 8/per cent., £lO3 (1938).

Sales on ’Change: Listed stocks: Goldsbrough Mort 28/1; New Zealand Breweries 50/6 (4), 50/4 (2); Tooths Brewery 47/10; British Tobacco 38/-; Big River 2/3 (3); Brian Boru 4Jd.; Maori Gully 1/4; Mount Lyell 17/7; Rawang Tin (cum. div.) 8/-; Skippers 6d.; Waihi 40/- (2). Sales reported: Skippers 6d. (2); Westport Coal 21/6;. Christchurch Trams 4J per cent. (1955) £105; Malvern Electric 4J per cent. 31/5/49, £104; New Zealand Government 4 per cent inscribed (1949), £lO7 15/-. Dunedin, February 18.

Sales on ’Change: Dominion Fertilizers £1 1/7; Woolworths (Sydney) £4 13/6. Sales reported: Bank of N.Z. (long “D.”) £1 12/-; N.Z. Fanners’ Fertilizer 18/9; Dominion Fertilizers £1 1/8; N.Z. Breweries £2 10/6; Stock 3J per cent,, 1941, £lO2. MINING RETURNS. GILLESPIE'S BEACH. (Per United Press Association.) Dunedin, February 18. The Gillespie’s Beach return is 39ozs. lOdwts. for 129| hours. There is no return from the Okarito, dredging hours being only 49 on account of a stoppage for overhaul during the early part of the week. MATAKI RETURN. (Per United Press Association.) Auckland, February 18. The Mataki return for the week ending the 17th instant was 29 ounces for 137 hours work. CENTRAL SHOTOVER, (Per United Press Association.) Dunedin, February 18. The Central Shotover started a paddock on December 4 and have now completed it for a return of 240 z. 4dwt. WOOL AND SKIN SALE OFFERING AT WINTON. VALUES FIRMER. (From Our Correspondent.) At the periodical wool and skin sale of the Central Auction Mart at Winton yesterday there was a large entry forward. Buyers were present in strong force and competition was exceedingly keen and prices realized were on the whole about a jd. better than those ruling at the January sale at Winton. Prices secured at auction were:— Wool.— Southdown, 9d. Fine crossbred, SJd- to 6Jd. Coarse and matted, 4d. to sd. Pieces and necks, s|d. to sjd. Bellies, 4d.to 4Jd. Locks and pieces, 3Jd. to 3ijd. Dead, 4d. to sd. Crutchings, 4d. Sheepskins.— Fine crossbred, 7Jd. Medium crossbred, s?d. Coarse crossbred, 4Jd. Dea(i, 3Jd. to sd. Lambs, 4d. to 5Jd. Pelts, 2jd. to 2?d. Tallow, 14/6 cwt. WYNDHAM STOCK SALE Messrs Henderson and Co., Ltd., report:— There was a fair yarding of sheep, the bulk being medium to good rape lambs. The fat sheep pens were filled. There was keen competition for these and prices realized fully schedule rates. Competition for good rape lambs was spirited, with the result that practically the whole yarding was sold at auction at prices slightly in advance of last sale. There was a fair number of smaller lambs yarded. The demand for these was extra keen and prices realized considerably about late sales. A few pens of breeding ewes were harder to sell owing to it being too early in the season for farmers to stock up. Very few cattle came forward and prices were just on a par with last sale. We sold:—Sheep: 15 fat lambs at 21/6, 50 rape lambs at 18/5, 125 store lambs at 17/9, 136 at 16/9, 254 at 16/8, 376 at 16/7, 75 at 16/3, 59 ewe lambs at 16/-, 70 at 13/7, 59 at 13/3, 58 wether lambs at 13/6, 113 at 12/6, 14 cull lambs at 8/9, 50 at 8/1, 73 fat ewes at 14/6, 30 at 14/-. Cattle: 2 fat cows at £2 15/-, 1 at £2 7/6. SYDNEY STOCK EXCHANGE HEAVY DEALINGS. (United Press Assn.—Telegraph Copyright.) (Rec. 8.40 p.m.) Sydney, February 18. On the Stock Exchange to-day dealings were heavy. A big line of Commercial Bank of Sydney shares was placed and over a thousand of Tooth’s shares were absorbed. Sales:—

DAIRY PRODUCE PRICES. The New Zealand Dairy Produce Board has received the following market report from its London office dated February 15, 1935:— Butter: New Zealand salted, 88/- to 90/-, equals approx. 10.36 d f.0.b.; unsalted, 94/- to 96/-; deliveries New Zealand, 2182 tons; in store New Zealand, 5325 tons, includes 1888 tons Norfolk, Mahana; Australian salted, 88/- to 89/-; unsalted, 92/- to 93/-; deliveries Australian, 3068 tons; in store Australian, 3745 tons; Argentine unsalted, 92/-; Danish 94/- f.0.b., 115/- to 116/spot; Dutch unsalted, 103/- to 107/-; Lithuanian salted, 90/-; unsalted, 98/-. Market quiet. Retail prices unchanged. New Zealand lid, Danish 1/2. Cheese: New Zealand white 48/6, 49/-

to 49/6, equals approx. s]d f.0.b.; coloured, 48/6 to 49/-. Deliveries New Zealand, 20,131 crates; in store New Zealand, 128,956 crates, includes 24,950 crates Port Campbell, Port Fairy, Mataroa; Australian white, 47/- to 47/6; coloured, 46/6 to 47/-; Canadian white, 60/-; coloured, 60/- to 62/-; deliveries Canadian, 5336 boxes; in store Canadian, 108,163 boxes. Market steady. New Zealand retail price unchanged 6d. English Finest Farmers 82/- to 90/(quiet); English factory cheese, 40/- to 45/-.

Butter shipments to New York last week were 22,600 boxes. This week’s estimate approximately 10,000 boxes although no sales reported—probably carry-over of last week’s sales. The board has also received the following advice from its agents in Canada:—Butter: New York 36J cents; Montreal 25 cents. U.S.A, stocks, 8475 tons (last year 33,926 tons); Canadian stocks, 9975 tons (last year 6428 tons). The minimum f.o.b. prices for period from February 16 until further notice: Butter 10,’td less 1J per cent commission (83/6 c.i.f.e.). Cheese sgd less li per cent commission (46/10 c.i.fe.).

£ s d. Colonial Sugar 41 0 0 Bank of New South Wales 30 10 0 Commercial Bank of Sydney16 5 0 Associated Newspapers 12 3 Associated Newspapers (pref.) 1 3 11 Howard Smith 0 16 0 Burns Philp Tooth’s 3 2 0 2 8 0 Dunlop Perdriau Dalgety’s 0 18 9 8 12 6 Henry Jones 1 17 0 Electrolytic Zinc 12 0 Farmers 15 3 Anthony Hordern 0 17 0 Lustre Hosiery 16 9 Standard Cement 0 18 10 J Mount Morgan 2 0 0 Broken Hill Pty. 2 10 3 Kuala Kampar ' 0 13 3 Rawang Tin 0 8 0 Placer Development ■ 28 0 0 General Industries 0 14 3 General Industries (pref.) 16 0 Melbourne Sales. Commercial Bank of Australia (pref.) 9 19 9 Broken Hill Pty. 2 11 0 Goldsbrough Mort 18 9 Mt. Lyell 0 18 0