COMMERCIAL

Southland Times, Issue 25303, 5 June 1935, Page 3

COMMERCIAL

THE STOCK EXCHANGE. YESTERDAYS - QUOTATIONS. At yesterday morning’s call-over on the Invercargill Stock Exchange the following quotations were made:— Government Debentures. Government Stock, 31 per cent., 193843, b £lO4 15/-. Government Stock, 3J per cent., 193852, b £lO6 5/-. • Government Stock, 34 per cent., 193943, b £lO4 15/-. Government Stock, 34 per cent., 193952, b £lO6 5/-. / ' ; Government Stock, 4 per cent, 1940, b £lO3 10/-. Government Bonds, 4 per cent., 1940, b £lO3 10/-. Government Stock, ’4 per cent., 1946, b £lOB. Government Bonds, 4 per cent., 1946, b £lOB. Government Stock, 4 per cent., 1949, b £lOB. Government Bonds, 4 per cent., 1949, b £lOB. Government Stock, 4 per cent., 1955, b £ll2. Government Bonds, 4 per cent., 1955, b £ll2. Banks. Australasia, s £ll 7/-. Commercial,' b 15/-, s 15/5. , Commercial, pref. 4 per cent (cum.), b £9 10/-. National of New Zealand, b 66/6. New Zealand, s 51/-. New Zealand Long D issue, s 34/3. Reserve Bank of New Zealand, s £6 15/-. Union of Australia, b £9. Breweries. Dunedin Brewery Co., s 30/-. New Zealand Breweries (shares), b 51/6, s 54/6. Timaru Brewery, s 8/2. Coal. Westport Coal, b 21/-. Insurance. National, s 21/6. New Zealand, b 70/-. South British, s 98/-. Standard, b 72/-, s 73/6. Loan and Agency. National Mortgage, “B” issue, b 31/-. Wright, Stephenson and Co. (pref.), b 19/3, s 20/-. Meat Companies. N.Z. Refrigerating (20/- paid), s 20/6; (10/- paid), s 9/2. South Otago Freezing Co., b £6 13/-. Shipping. Union Steam Ship Co. (pref.), b 27/-. Miscellaneous. Australian Glass, b 67/-. British Tobacco (Aust.), b 38/-. Colonial Sugar Co., s £42. D.I.C. (ord.), b 15/-. Dominion Rubber Co., s 30/-. Donaghy’s Rope and Twine, b 50/-. Milbum Lime and Cement, b 44/-. New Zealand Drug, b 82/-. N.Z. Guarantee Corporation, b 5/9. New Zealand Paper Mills; b 34/6. Woolworths (Sydney), b 89/6, s 91/-. Woollen Mills. Bruce, s 13/9. Kaiapoi (ord.), s 15/3. Mining. Bendigo Goldlight, b lljd, s 1/-. Broken Hill, s 57/-. Big River, b 2/4, s 2/5. Electrolytic Zinc (ord.), b 26/-, s 27/-. Gillespie’s Beach, b 1/4 J, s 1/54. Goldfields Dredging, s 4d. Mount Lyell, b 20/1. Moonlight Nelson, s Id. Mount Morgans, s 36/3. Nokomai, s 2/9. Okarito, b 4/9, s 5/6. Waitahu, b 2/8. ? Maori Gully, s 1/74. Dominion Lime, s 16/6. NORTHERN EXCHANGES. (Per United Press Association.) Auckland, June 4. Sales on ’Change: Amalgamated Brick (Wellington) 1944, 7| per cent., £104; National Bank of New Zealand £3 7/6; Bank of New Zealand 50/10, 50/8; New Zealand Loan and Mercantile £35; Renown Colleries 9/7; National Timber (cum. div.) 14/-; Bycroft 51/6; Consolidated Brick 8/10; New Zealand Newspapers 39/3; King Solomon 4/—; Okarito 5/2; Mount Lyell 20/1. Wellington, June 4. Sales on ’Change: Auckland Harbour, 1948, £108; Bank of New Zealand 50/8, 50/9 (2); Reserve Bank of New Zealand £6 15/- (2); Mount Lyell 19/11. Christchurch, June 4. Unlisted sale on ’Change: New Zealand Mining Investment 1/1. ; Unlisted sales reported: Anderson’s, Ltd. (pref.) 20/-; PJrocera Bread (vendors’ shares) 12/- (2). , Sales on ’Change: Commercial Bank of Australia 15/3 (4); New Zealand Breweries (cum. div.) 54/-; British Tobacco (cum. div.) 38/-; General Motors (pref.) 22/6; Quill, Morris (in liquidation) 4/9; Sun Newspapers 7/11; Big River 2/41; Maori Gully 1/71 (3); Mount Lyell 20/- (2), 19/11; Skippers 23d. Sales reported: Blenheim Borough, 5| per cent., 1949, £107; Commercial Bank of Australia 15/3 (2); Mahakipawa 8d; Mount Lyell 19/11, 19/114; Mount Morgan 36/-. Dunedin, June 4. Sale on ’Change: Westport Coal £1 1/-. Sales reported: Gordon and Gotch £2 7/6; Bank of New Zealand £2 10/6.

tion, income tax and all charges of £15,925 7/11, showed an Increase over last year of approximately £3200. It was decided to pay a dividend of 4 per cent, on all shares. SYDNEY STOCK EXCHANGE. (United Press Assn.—Telegraph Copyright.) (Red. 8.5 p.m.) Sydney, June 4. On the Stock Exchange to-day the investment market was fairly active. Retail trading and building shares were inclined to go higher, but Government Bonds were quiet. Sales:— £ s d

LORNEVILLE STOCK SALE. A DRAGGING~MARKET. FAT VALUES MUCH THE SAME. Yesterday’s sale of stock at the Lomeville yards was the poorest for a long time, buyers showing little inclination to bid for anything but the best quality. The yardings were on the small side, but there appeared to be plenty forward for butchers’ requirements. Values showed little change from those of last week, the fat cattle market easing slightly if anything. Following is a comparative table of yardings for the past two sales: — June 4. May 28. Store cattle 106 112 Fat cattle 118 183 Store sheep 375 445 Fat sheep 500 1028 Included in yesterday’s yarding were 93 fat lambs, 22 dairy cows, 12 vealers and 1 bull. Fat Sheep.—The fat sheep yarding was only a small one and consisted almost entirely of ewes, with little or no change in values. Medium quality wethers realized from 23/- to 25/-, light and unfinished down to 19/-, prime heavy quality young ewes 18/to 19/-, medium quality 12/- to 14/-, with freezing weights down to 10/6. Fat Lambs.—ln the fat lamb section there were only three or four small pens, these realizing market values. Store Sheep.—There was a small yarding. Store wether lambs, in good condition, made from 10/- to 15/-, according to quality, ewe lambs from 10/- to 17/6, a pen of forward-condi-tioned wethers were passed in at 18/3, while full and failing-mouth ewes met with keen competition at prices from 7/3 to 9/6. Fat Cattle.—Although not so large as the previous week, there was again a fair entry. With the exception of two or three pens of good quality sorts, the yarding was comprised mostly of unfinished cattle. The sale was lifeless and a large proportion was passed in, prices offering being lower than vendors’ ideas of value. Fair quality medium weight bullocks made up to £7 10/-, handy weights £6 to £6 15/-, unfinished down to £4 10/-, prime quality heifers up to £5 17/6, handy weights ’£4 5/- to £5, light weights down to £2 15/-, fair quality medium weight cows up to £4 5/-, with aged and unfinished down to £l. Store Cattle—There was a small yarding. The quality was poor and was comprised chiefly of empty cows. There was a poor demand and prices showed no variation on the previous sales. Good empty cows, in fair condition, realized up to £1 6/-, while the bulk of the yarding brought from 10/- to 17/-. A pen, of mixed-sex calves realized £1 3/—, while a pen of two and three-year-old steers in poor condition made £2 5/-. A few dairy cows which were empty, did not meet with a ready sale, and prices varied from £1 to £2 15/-. McNAB STOCK SALE. The fortnightly McNab stock sale was held yesterday and the inclusion of a good entry of light and heavy horses offered some variety for those who attended. The sheep entry was small, while there was a full yarding of cattle. In the sheep section very few fats came under the hammer. Odd lines of young and old breeding ewes made up the store entry and prices ranged from 22/- to 25/3. In the cattle section medium weight steers and heifers were best represented, both classes bringing up to £3. The main feature of the sale was the dispersal of a number of draught horses. Top price was recorded for a well-proportioned 2 J-year-old filly, being sold at 72 guineas. Sales were:—

J. E. Watson and Co., Ltd.—6o 4,6, and 8-tooth ewes 22/-. Wright, Stephenson and Co., Ltd.— 22 freezing ewes 6/6. National Mortgage and Agency Co., Ltd.—Fat wether 18/-, 2 forward lambs 13/-, 42 fat and forward lambs 18/1, store wether 10/-, 2 2-tooth ewes 25/3, bay mare Byrs £24. Passed in: 14 fail-ing-mouth ewes 4/-, blk. half-draught mare Byrs, £l5 10/-, roan do 21yrs, £l4, hack £l5, hack mare £l2. Southland Farmers’ Co-op. Assn., Ltd.— 4 store ewes 1/-, fat steer £3, bull £2 5/-, fat cow £3, do. 37/6, store cow 15/-, fat heifer £2 7/6, do. £2, store heifer 20/-, 2 empty cows 22/6, 2 do. 26/-, 5 do. 27/-, 9 heifer calves 14/-, 6 dairy heifers £2 7/-. Account Mr D. Lamb (Wendon Valley), special entry: Bay mare 4Jyrs (by

Archaic) 52gns, bay gelding TOyrs £3O, bay filly 2Jyrs (by Sanguine) 72gns, bay gelding 2jjyrs (by Sanguine) £5l, yearling filly (by Sanguine) £32, yearling colt (by Sanguine) £3O, colt foals (by Scotland’s Superb) £34 and £23. Passed in: 2 fat steers £4, unbroken draught gelding 3yrs £29, herd of ■.dairy cows offered on account Mr E. Voice. ,y SYDNEY WOOL SALES. VALUES CONTINUE FIRM. (United Press Assn.—Telegraph Copyright.) (Rec. 9.0 p.m.) Sydney, June 4. At the wool sales 11,048 bales were offered and 9176 sold, also 323 privately. Japanese and Continental buyers provided keen competition and values were equal to the closing rates of last week for all descriptions. Irregularity was still noticeable for doubtful yielding wools and short, faulty pieces. Greasy Merino sold to 18d. The average price last week was £l3 13/5 a bale or 10.6 d. a pound. MINING~REPORTS. WAIMUMU WASH-UP. (Per United Press Association.) Gore, June 4. The Waimumu wash-up is 31 ounces 12 dwts for four weeks’ work. WAITAHU. (Per United Press Association.) Dunedin, June 4. Waitahu reports a wash-up on the No. 3 paddock of 420 z 17dwts. OKARITO AND GILLESPIE’S. Dunedin, June 4. The Okarito return was 24ozs 18dwts for 93 hours, and Gillespie’s 240 z for 218 hours. MATAKI RETURN. (Per United Press Association.) Auckland, June 4. The Mataki return for the week ended June 3 was 25 ounces for 135 hours’ work. FOREIGN EXCHANGES. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, June 3. The following mean closing rates of foreign exchanges were quoted to-day

ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales quoted the following rates for its purchases and sales on overseas currencies yesterday (all rates subjected to alteration without notice) New Zealand On Buying Selling

PRICE OF' GOLD. (United Press Assn.—Telegraph Copyright.) London, June 3. The price of gold is £7 2/- per fine ounce.

METAL QUOTATIONS. (United Press Assn.—Telegraph Copyright.) (Rec. 8.5 p.m.) London, June 3. Quotations for metals are as follows: June 1. June 3. £sd £ s d

Silver— Fine, per oz. 33 9-16 a ooaa Standard, per oz. 36Jd 36 3-16 d WHEAT CARGOES. (United Press Assn.— Telegraph Copyright.) London, June 3. Wheat—Cargoes show a better tone, parcels are steady. Futures.—London: June, 22/5 a quarter; September, 22/8. Liverpool: July, 5/4J a cental; October, 5/4; December, 5/3J; March, 5/2 4 per cental. BRADFORD MARKET. (United Press Assn.—Telegraph Copyright.) London, June 3. Bradford is very firm and business is restricted. ‘ THE DOLLAR AND FRANC. (United Press Assn. —Telegraph Copyright.) London, June 3. The dollar stands at 4.921 and the franc at 74J to the pound sterling.

E. S. and A. Bank 5 10 0 Colonial Sugar 41 10, ‘o Mercantile Mutual Insurance 1 5 3 Australian General Insurance 15 0 Australian Provincial Assurance < 1 1 9 Howard Smith 14 9 Bums Philp 3 0 6 Farmers 1 5 6 Anthony Hordern 18 9 Lustre Hosiery 1 6 3 General Industries 18 0 Standard Cement 1 2 9 Mt. Morgan 1 5 10J Mt. Lyell 1 0 4| Mt. Lyell (New Zealand delivery) 1' 0 3 Broken Hill Pty. 2 15 9 South Broken' Hill 4 8 0 Zinc Corporation . 1 18 6 Bulolo Gold 9 12 0 Rawa’ng Tin 7 5 Malim Nawar 14 6 Placer Development 27 13 0 Asam Tin 2 2 0 Melbourne Sales. Commercial Bank of Australia 15 3 National Bank (£10 paid) 12 17 0 Gordon and Gotch 2 7 6 Mt. Lyell 1 0

compared with par:— Par. To-day. Paris, f to £ 124.21 74 21-64 New York, dol. to £ 4.866 4.921Montreal, dol. to £ 4.866 4.92 Brussels, belgas to £ 35 28.93 Geneva, fr. to £ 25.221 15.07 Amsterdam, fl. to £ 12.107 7.26J Milan, lira to £ 20.43 59 7-16 Berlin, rmk to £ 20.43 12.12 Stockholm, kr. to £ 18.159 19.392 Copenhagen, kr. to £ 18.159 23.391 4 Oslo, kr. to £ 19.159 19.901 Vienna, schgs to £ 34.585 26 Prague, kr. to £ 164.25 1171 Helsingfors, m. to £ 193.23 2261 Madrid, pesetas to £ 25.2215 35 7-8 Lisbon, escudos to £ 110 H0J Athens, dr. to £ 875 517 Bucharest, lei to £ 818.6 482 Belgrade, dinars 276.31 217 Rio de Janeiro, p. to milreis 8.892 41Buenos Aires, p. to dol. 45.577 15 Montevideo, p. to dol. 57 39i Bombay, pence to rupee 19 18J Shanghai, pence to dol 20 5-16 Hong Kong, p. to dol. — 291 Yokohama, p. to yen 24.57 14s Batavia — 7.251

London— 124 123/10/ 124/10/124/8/9 £N.Z. to £100stg. T.T. O.D. Australia— £A to £100 N.Z. T.T. 101 100/10/O.D. 101 100/10/Fiji— £F to £100 N.Z. T.T. 90/7/6 89 OD 90/7/6 89 New York— Dollars to £1 N.Z. T.T. 3.981 3.94g O.D. 3.99-1 3.94e ■ Montreal— _ Dollars to £1 N.Z. T.T. 3.98b 3.94g O.D. 3.993 3.942 France— Francs to £1 N.Z. T.T. 60.36 59.06 O.D. 60.66 59.11 Noumea— __ Francs to £1 N.Z. T.T. 61.31 58.31 O.D. 61.71 58.36 Papeete— Francs to £1 N.Z. T.T. 61.31 58.31 O.D. 61.71 58.36 Belgium— Belgas to £1 N.Z. T.T. O.D. 22.926 22.941 Germany— Reichmarks to £1 N.Z. T.T. — 9.537 O.D. — 9.542 K Lire to £1 N.Z. T.T. 47.81 O.D. —— 47.85 Switzerland— Francs to £1 N.Z. T.T. 12.317 11.917 O.D. 12.392 11.927 Holland— Florins to £1 N.Z. T.T. 5.972 5.722 O.D. 6.022 5.726 Java— Florins to £1 N.Z. T.T. 5.931 5.706 O.D. 5.981 5.710 Japan -' N.Z. pence to 1 yen T.T. — 17 13-16 O.D —— — Shanghai— N.Z. pence to 1 dollar T.T. 24 3-8 25 11-16 O.D. 24 1-4 25 5-8 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 3-8 22 23-32 OD. 22 1-4 22 21-32 Hong Kong— N Z. pence to 1 dollar T.T. 35 27-32 36 29-32 O.D. 35 23-32 36 27-32 Singapore— N Z. nence to 1 dollar T.T. 34 9-32 35 7-32 O.D. 34 5-32 35 5-32 Sweden— Kroner to £1 N.Z. T.T. 15.790 15.460 O.D. 15.830 15.470 Norway— Kroner to £1 N.Z. T.T. 16.200 15.870 O.D. 16.240 15.880 Denmark— Kroner to £1 N.Z. T.T. 18.208 17.878 O.D. 18.248 17.888 Austria— Schillings to £1 N.Z T.T. — 20.72 O.D. 20 74 Czechoslovakia— Crowns to £1 N.Z. T.T. —— 95.01 O.D. — 95.06

Copper— Standard spot 33 2 6 31 18 Iff Forward 33 9 4 2 32 6 o Electrolytic 36 10 0 35 10 0 to 37 10 0 36 10 0 Wire Bars 37 10 0 36 10 0 American — Lead— Spot 14 8 9 14 0 0 Forward 14 8 9 14 2 6 Spelter— Spot 14 12 6 13 16 3 Forward 14 12 6 14 2 6 Tin— Spot 229 5 0 228 7 6 Forward 221 12 6 221 2 6