COMMERCIAL

Southland Times, Issue 25307, 10 June 1935, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. SATURDAY’S QUOTATIONS. At a meeting of the Invercargill Stock Exchange on Saturday morning the following prices were quoted:— Government Debentures. 3J per cent. Stock, 1938-43: J £lO5. 3J per cent. Stock, 1938-52: b £lO6. 3J per cent. Stock, 1939-43: b £lO5. 31 per cent. Stock, 1939-52: b £lO6. 4 per cent. Stock, 1940: b £lO3. 4 per cent. Bonds, 1940: b £lO3. 4 per cent. Stock, 1946: b £lO7 10/-. 4 per cent. Bonds, 1946. b £lO7 10/-. 4 per cent. Stock, 1949: b £lOB. 4 per cent. Bonds, 1949: b £lOB. 4 per cent. Stock, 1955: b £ll2. Banks. Australasia: b £ll. Commercial: s 15/3. Commercial of Sydney: s £lB. E.S. and A. Bank: b 99/-. National of New Zealand: b 66/-. New South Wales: b £3l. New Zealand: b 50/9. Nev/ Zealand Long “D” issue: b 33/9, s 34/3. Reserve Bank of New Zealand: s £6 10/6. Union of, Australia: b £9. Breweries. Dunedin Brewery Co.: s 30/-. N.Z. Breweries (shares): b 53/3. Timaru Brewery; s 8/2. Tooth’s Brewery: s 55/Coal. Westport Coal: b 20/9. Insurance National: s 21/3. South British: s 98/6. Standard: b 72/-, s 73/3. Loan and Agency. Wright, Stephenson and Co. (pref.): b 19/3. Meat Companies. N.Z. Refrigerating- (20/- paid): s 20/4; (10/- paid): b 8/10, s 9/-. Southland Frozen Meat (£1 ord.): s 76/6; (£1 pref.): s 76/6. ' South Otago Freezing Co.: b £6 13/-. Shipping. Union Steam Ship Co. (pref.): b 26/9. < Miscellaneous. Associated News: b 22/-. Australian Glass: b 68/-. Australian Iron an<J Steel: b 22/4. British Tobacco (Aust.): s 39/-. Colonial Sugar Co.: s 42/-. D.I.C. (ord.): b 15/-. Dominion Fertilizer: b 21/6. Dominion Rubber Co.: s 31/-. Donaghy’s Rope and Twine: b 50/-. Dunlop Rubber (Aust.): s 16/9. Milburn Lime and Cement: b 44/-. New Zealand Drug: b 82/-. New Zealand Paper Mills: b 34/-. Wilson’s (N.Z.) Portland Cement- b 36/-. Woolworths (Sydney): b 89/-, s 91/— Woollen Mills. Bruce; s 13/9. Kaiapoi (cont.): s 6/-. Mining. Bell Hooper: s 2d. Bendigo Goldlight: b 9d, s Broken Hill: b 56/-, s 57/-. Big River: b 2/3, s 2/6. Electrolytic Zinc (ord.): b 25/9, s 27/-; (pref.): b 34/-. Gillespie’s Beach: b 1/5. Goldfields Dredging: s sd. Kildare: b 3/3, s 3/6. King Solomon: b.3/10, s 4/1. Mount Lyell: b 19/10, s 20/3. Moonlight Nelson: s Id. Mount Morgans: s 36/6. Nokomai: b 1/-, s 2/6. Okarito: b 5/2, s 6/1. .. Skippers: s 3d. -L - - Waihi Gold Mining: s 39/6. Maori Gully: b 1/7|, s 1/8. NORTHERN EXCHANGES. (Per United Press Association.) Christchurch, June 9. • Sales on ’Change: New Zealand Government, 4 per cent. Inscribed, 19371940, £lO3 2/6; Commercial Bank of Australia 15/2; Goldsbrough Mort (cum div.) 29/5 (2); New Zealand Breweries (cum div.) 53/4; Timaru Brewery (7/6 paid) 8/-; British Tobacco (cum div.)

38/-; New Zealand Newspapers 39/3. 39/2; Big River 2/3J; Maori Gully 1/7; Rawang Tin 7/2. Sales reported: Union Bank of Australia £9 2/6 (2); National Insurance 21/- (2) (late Friday); New Zealand Refrigerating (10/- paid) 8/11; Timaru Brewery (7/6 paid) 8/1, 8/2; New Zealand Newspapers 39/6; Mount Lyell 20/-; New Zealand Government, 4 per cent. Inscribed, 1937-1940 £lO3 2/6; Golden Point Id. Dunedin, June 9. Sales reported: P. and O. (def.) 21/6 (late Frldav); Bank of New Zealand 50/11 (late Friday); Bank of New Zealand 51/-; Wilson's Cement 37/3.

LOCAL MARKETS. BRAY BROS. Messrs Bray Bros. Ltd. report auction prices as follows:—Apples, dessert, 3/6 to 6/6, cooking 3/- to 4/6; coconuts 10/- sack; pears 2/6 to 3/6 box and 5/6 to 7/6 case; cabbage l/~ to 3/- doz.; carrots to Id lb; Poorman oranges 10/- to 15/-; celery 1/- to 3/6 doz.; cauliflower 1/6 to 5/- doz.; beetroot 1/- to 1/6 bag; lettuce 1/- to 2/- doz.; marrows Id lb; melons Id lb; onions 15/-; parsnips Id lb; potatoes 5/6 to 8/- sack; pumpkins to l|d lb.; champion egg crates (24 doz.) 18/6. We have inquiries for early seed potatoes. Furniture. Showroom upstairs. Pianos for sale £l5, £25, £35. New Rimu furniture at wholesale prices. D. W. McKAY LTD. Messrs D. W. McKay Ltd., Exchange Mart, Invercargill, report as follows: Very heavy arrivals of fruit during the week of apples, Jonathans and Delicious, Statesman, Tasmas, Romes, Ballarats, Cleos, Dunns, Scarlets, Winesaps, Adams, French Crabs; prices ranging from 4/- to 7/6 according to variety and grade. Pears 2/6 to 4/box, to 8/- for bushels. New shipment bananas due on Wednesday. Californian Oranges from 42/6, lemons 50/-, grapefruit 37/6, N.Z. Poormans to 13/-, lemons to 14/-, pumpkins, marrows and melons Id to lid, cauliflower 4/- to 6/-, cabbage to 3/6, turnips 2/6, carrots and pumpkins 3/- to 4/-, table potatoes 6/- to 7/6, hay 2/6. Good sales used furniture during week including duchesses, wardrobes, dining tables, bedsteads, chairs, ottomans, etc. A good selection always available. We have a fine range of new furniture, modern designs, at very cut prices. Also heavy 11J double bed blankets 35/-. THE RIALTO. Messrs William Todd and Co., Ltd. report as follows for week ending Saturday, June 8: Pigs.—Small entry. Small weaners 5/- to G/-, medium 7/- to 9/-, large 9/6 to 10/6; small stores 12/3 to 13/3; stores 16/3 to 20/6, sow in pig £4. Poultry.—Hens 1/- to 1/7; pullets 2/6 to 3/4; Minorca pullets 5/6 to 5/8; ducks 1/8, geese 3/1, turkeys 7/-. Dairy cow £5; heifer £4 10/-. Bacon pigs.—We are cash buyers of bacon weights 120 to 1501bs and 51b, freight paid. Produce.—Table potatoes, market firm, prime King Edwards £6; onions 16/- bag; chaff £4 15/- to £5; straw £3; clover hay £4 10/-; oats 11/- to 12/6; barley 16/-; barley pollard 11/6; . rushed oats 10/-, oatdust 4/6, fowl food 14/6; pollard 8/6; bran 7/-; mollasses 13/6; rock salt 9/-; meat meal 11/-; boneflour 14/-; Moose meal 16/-, Moose nuts 15/-; liver meal ?’/-; oyster shell grit 6/- cwt. Miscellaneous.—Barb wire 27/6 cwt; No. 8 galvanized 19/6, fowl netting 13/6; rabbit netting 21/-; 6ft. netting 26/-; plunge baths 65/-; sashes 10/-; wheelbarrows 25/-; portable boilers 85/-; kauri wash-tub 55/-; tanks 47/6, timber 12/- to 14/-; rabbit traps 23/- doz; nets 6/-; extra large nets 10/- dozen; dressed timber 23/- to 26/-; stakes 25/-; droppers 12/-; totara posts £6 100; horse covers 26/-, cow covers 8/6; draught collars 35/; hames 13/-; winkers 18/-; plough chains 5/6, swingle trees 8/-; honey, 101 b tins, 5/6; Ceylon tea, 401 b chest, 2/3; 51b boxes 12/6. Vegetables.—Cabbage 2/- to 3/- doz; lettuce 1/6; cauliflower 3/-; carrots, parsnips, beetroot Id lb. Hedge trees.— •White escalonia, red escalonia, olearia, macrocarpa, pinus insignis 25/-, 100; apples trees 3/-; roses 15/- doz; ornamental shrubs 3/- to 3/6 each. DAIRY PRODUCE. The South Island Dairy Association reports having received the following advice from the N.Z. Producers’ Coop Marketing Association under date June 8:— Butter: Firm, N.Z. 82/- to 83/6; Danish 98/-. Cheese; Quiet, white 42/6 to 43/-; coloured 43/6. GORE HORSE FAIR. A large entry was forward at themonthly Gore horse fair conducted by the National Mortgage and Agency Co., Ltd., the sale being held in wet weather. The market was firm, with i prices about on a par with recent district sales. Horses of good quality were in demand and sales were effected at up to £49, with a six-year-old gelding passed in at ten shillings above that figure. Several other horses exceeded £4O. A considerable number of hacks were offered and prices were in accordance with recent sales. Sales were:—Chestnut gelding, aged, £l5 10/-; bay gelding Byrs, £3O; "bay gelding Byrs, £27 10/-; bay mare Byrs, £26 10/-; bay mare syrs, £43; bay gelding 6yrs, £49; bay gelding 6yrs, £45 10/-; bay gelding 6yrs, £23; bay gelding 6yrs, £22; bay mare 7yrs, £45 10/-; bay gelding 3yrs, £42; bay gelding syrs, £3B; bay gelding Uyrs, £3l 10/-; bay gelding llyrs, £32 10/-; bay gelding 9yrs, £3O; roan gelding aged, £4 10/-; bay mare llyrs, £4; bay mare 9yrs, £4O; bay mare lOyrs, £27; bay gelding aged, £32 10/-; bay gelding 3yrs, £2B; bay gelding aged, £9; bay mare Byrs, £26 10/-; bay gelding syrs, £3l; bay gelding aged, £29; bay mare 6yrs, £10; bay mare aged, £9; bay gelding llyrs, £l5 10/-; bay mare, aged, £7; bay mare lOyrs, £33; bay filly foal, £l5. Hacks: 9yrs, £4 10/-; aged, £2 5/-; 9yrs, £7 15/-; 4yrs, £10; 13yrs, £9; aged, £2 5/-; 3yrs, £lO Passed in: Black gelding 6yrs, £49 10/-; bay gelding 4yrs, £4l; bay gelding, 12yrs, £l2; bay gelding 6yrs, £4l 10/-; bay gelding 3yrs, £43; bay gelding.7yrs, £25 10/-; bay gelding syrs, £3l; bay mare aged, £l4 10/,-; bay gelding aged, £4 10/-; gelding llyrs. £24 10/-. Hacks: Aged, £215/-; 3yrs, £7; 6yrs, £lO.

FOREIGN EXCHANGES. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, June 7 The following mean closing rates of foreign exchanges were quoted to-day compared with par:— Par. To-day.

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

FROZEN MEAT. Mr R. L. Bennett, Wellington,'has received the following cable from Henry S. Fitter and Sons, Ltd., London:— d. d.

changed, and we think that prices will remain steady at present quotations. Wethers.—Trade is slow'. Ewes. —Trade is slow. Beef.—The demand is affected by low prices of chilled beef. Pork. —The market is dull, and there is little business doing. Trade generally is quiet. GOLDMINING. MAORI GULLY RETURN. (Per United Press Association.) Greymouth, June 8. ’ The Maori Gully return was 33ozs 9dwts for 111 hours. BUTTER AND PRICES. (Per United Press Association.) Wellington, June 8. The Dairy Board has fixed dairy produce sales on the basis of butter 10d and cheese sd, equivalent to 81/7 and 44/- per cwt. c.ii.e., respectively. SYDNEY STOCK EXCHANGE. (United Press Assn.—Telegraph Copyright.) Sydney, June 8. Stock Exchange sales:—

GOLD, DOLLAR AND THE FRANC. (United Press Assn.- Telegraph Copyright.) London,-June 7. Gold.—£7 1/9J per oz. The dollar is quoted at 4.93 7-16, and the franc at 74 9-16 to the £ sterling. GOVERNMENT SECURITIES. (United Press Assn.—Telegraph Copyright.) London, June 6 The following are the latest quotations of Government securities compared with the prices ruling on May 30:— Last week. This week. £ s d £ s d

METAL QUOTATIONS. (United Press Assn.—Telegraph Copyright.) London. June 6. Quotations for metals are as follows: June 5. June 6 £sd £ s d

WHEAT CARGOES. (United Press Assn. —Telegraph Copyright.) London, June 6. Wheat cargoes are easier and parcels are in small dejnand. Futures: London, June 23/3, September 23/3; Liverpool, July 5/4g, October 5/SJ, December 5/s§, March 5/5J per cental. . . . t „„ Spot trade is quiet. Australian ex ship 28/-. Flour is slow. Australian ex store 21/-, 21/3. . ± , Oats have a slightly easier tendency. Peas and beans are quiet and unThe declines are due to stocks being quoted ex dividend.

Paris, fr. to £ 124.21 75 11-64 New York, dol. to £ 4.866 4.93J Montreal, dol. to £ 4.866 4.93£ Brussels, belgas to £ 35 29.05 Geneva, fr. to £ 25.221 15.09 Amsterdam, fl. to £ 12.107 7.28 Milan, lira to £ 20.43 591 Berlin, rmk. to £ 20.43 12.18 Stockholm, kr. to £ 18.159 19 391 Copenhagen, kr. to £ 18.159 23.391 Oslo, kr. to £ 19.159 19 901 Vienna, schgs. to £ 34.585 261 Prague, kr. to £ 164.25 118 Helsingfors, m. to £ 193.23 226’. Madrid, pesetas to £ : 25.2215 36 Lisbon, escudos to £ 110 110J Athens, dr. to £ 875 514 Bucharest, lei to £ 818.6 4871 Belgrade, dinars 276.31 218 i S Rio de Janeiro, p. to milreis 8.892 41 Buenos Aires, p. to dol. 45.577 15 Montevideo, p. to dol. 57 39 3-32 Bombay, pence to rupee 19 18J Shanghai, pence to dol. -— 19 Hong Kong, p. to dol. . i 28 Yokohama, p. to yen, 24.57 14J Batavia 7.251

London— £N.Z. to £100stg. T.T. 124 124/10/O.D. 123/10/124/8/9 Australia— 100/10/£A to £100 NZ. T.T. 101 O.D. 101 100/10/Fiji— £F to £100 N.Z. T.T. . 90/7/6 89 OD. 90/7/6 89 New York— z 3.988 3.943 Dollars to £1 N.Z T.T. O.D. 3.99J 3.954 Montreal— 3.942 Dollars to £1 N.Z. i T.T. 3.981 O.D. 3.991 3.954 France— 59.24 Francs to £1 N.Z. T.T. 60.54 O.D. 60.84 59.29 Noumea— 61.49 Francs to £1 N.Z. T.T. 58.49 O.D. 61.89 58.54 Papeete— 61.49 58.49 Francs to £1 N.Z T.T. O.D. 61.89 58.54 Belgium— Belgas to £1 N.Z. T.T. O.D. 23.030 23.045' Germany Reichmarks to £1 9.578 N.Z. T.T. O.D. ■KMM> 9.583 Italy— 47.23 Lire to £1 N.Z. T.T. —a* O.D. —— 47.27 Switzerland — 12.341 11.941 .Francs to £1 N.Z. T.T. O.D. 12.416 11.951 Holland— 5.984 5.734 Florins to £1 N.Z. T.T. O.D. 6.034 5.738Java— 5.714 Florins to £1 N.Z. T.T. 5.939 c O.D. 5.989 5.718 Japan— N.Z. pence to 1 yen T.T. 17 13-16 Shanghai— N.Z. pence to 1 O.D. 25 13-32 dollar T.T. 24 3-32 O.D. 23 31-32 25 11-32 India and Ceylon— N.Z. pence to 1 22 23-32 rupee T.T. 22 3-8 O.D. 22 1-4 22 21-32 Hong Kong— N Z. pence to 1 dollar T.T. 34 19-32 35 21-32 O.D. 34 15-32 35 19-32 Singapore— 1 N.Z. pence to 1 34 9-32 35 7-32 dollar T.T. O.D. 34 5-32 35 5-32 Sweden— Kroner to £1 N.Z. T.T. 15.788 15.458 O.D. 15 828 15.468 Norway— 15.870 Kroner to £1 N.Z. T.T. 16.200 O.D. 16.240 15.880 Denmark— Kroner to £1 N.Z. T.T. 18.208 17.878 O.D. 18.248 17:888 AustriaSchillings to £1 T.T. 20.63 N.Z O.D. 20.65 Czechoslovakia— T.T. 94.77 Crowns to £1 N.Z. O.D. — 94.82

N.Z. lambs, selected Downs, 2’s. U 7i Secondary lambs, selected Downs 6J 63 N.Z. lambs, 2s. 6? 7 N.Z. lambs, 8s. 65 7 N.Z. lambs, 4s. 6g 61 Secondary lambs 6J 64 N.Z. mutton, small 31 43 N.Z. mutton, large 3 34 N.Z. ewes, small 3 30 N.Z. ewes, large 21 23 N.Z. beef, ox hinds 3| 35 N.Z. beef, ox fores 2g 2? Argentine chilled ox hinds 4 54 Argentine chilled ox fores 3J 33 N.Z. pork 5| 51 Australian lambs 5 6 Australian lambs, superfine quality — 6 Argentine lambs 5 6 Lambs.—The market is quiet and un-

£ s d Commonwealth Bonds. — 3j per cent. 1948 100 0 0 4 per cent., 1941 103 5 0 4 per cent., 1955 106 5 0 4 per cent., 1959 105 10 0 4 per cent., 1961 106 5 0 Toohey’s 1 9 0 Tooth’s 2 12 9 Anthony Hordera 0 18 6 Broken Hill Pty. 2 17 0 Colonial Sugar 41 17 6 Jamas Stedman 0 16 9 Lustre Hosiery 1 6 9

British— Consols Funding Loan 87 0 0 86 10 0 4 p.c. War Loan, 3J 117 10 0 116 10 0 p.c. Con. Loan, 3J 105 10 0 105 15 0 p.c. 107 10 0 107 10 0 Victory Bonds, 3J p.c. 115 2 6 115 1 3

Commonwealth— 5 p.c., 1935-45 5 p.c., 1945-75 110 16 3 109 10 0 Si p.c., 1936-37 101 17 6 102 1 3 4 p.c.. 1943-48 103 16 3 104 0 0 3J p.c., 1948-53* 101 17 6 102 8 9 New South Wales— i ■ I • 3 p.c., 1935 100 19 ■ 4» 101 1 3 3J p.c., 1930-50 101 0 0 100 0 0 41 p.c., 1935-45 102 2 6 101 2 6 5 p.c., 1935-55 101 10 0 101 12 6 Victoria— 3 p.c., 1929-40 98 3 9 97 12 6 4jf p.c., 1940-60 106 0 0 104 2 6 5 p.c., 1945-75 110 10 0 108 13 9 Queensland — ’ 3 p.c., 1936-47 98 10 0 97 12 6 5 p.c., 1940-60 106 11 3 106 0 0 South Australia— ffi 3 p.c., 1916 or after 90 0 0 88 17 6 5 p.c., 1945-75 110 7 6 109 0 0 Western Australia— 4 p.c., 1942-62 103 0 0 101 12 6 Tasmania— 31 p.c., 1920-40 102 12 6 101 0 0 4 p.c., 1940-50 103_ 0, 0 102 0 0 New Zealand - 41 p.c., 1948-58 109 10 0 109 15 0 31 p.c., 1940 104 16 3 103 12 ‘ 6 3 p.c., 1945 101 7 6 101 7 6 6 p.c., 1936-51 106 5 0 106 5 0 * ex interest.

Copper— Standard spot Forward Electrolytic to Wire Bars American 32 11 32 18 10J U 0 0 0 32 4 4J 32 11 10i 35 15 0 36 5 0 36 5 0 36 36 36 0 10 10 Lead— 13 18 Spot 13 1 3 9 Forward 13 1 3 13 18 9 Spelter— Spot Forward -14 14 0 5 0 0 13 13 14 0 9 0 Tin— 226 0 0 Spot 226 5 0 Forward 220 12 6 220 12 6 SilverFine, per oz. Standard, per OZ. <a. 33 l-16d 32£d 35 ll~16d 35 l-16d