COMMERCIAL

Southland Times, Issue 25310, 13 June 1935, Page 3

COMMERCIAL

INVERCARGILL STOCK EXCHANGE. YESTERDAY’S QUOTATIONS . At a meeting of the Invercargill Stock Exchange yesterday morning the following prices were quoted: Government Debentures.

Sales Reported. Southland Frozen Meats, 76/-.

NORTHERN EXCHANGES. (Per United Press Association.) Auckland, June 12. Sales on ’Change: Stock, 1949, 4 per cent., £lOB 10/- (2); Stock, 1955, 4 per cent., £ll2 15/- (2); Stock, 1946, 4 per cent., £lO7 5/-; Auckland Harbour 1956, 4| per cent., £109; Auckland Harbour, 1960, 4| per cent., £109; Commercial Bank of Australia 15/3; English, Scottish and Australian Bank £5 1/-; Bank of New Zealand 50/10 (2); Reserve Bank of New Zealand £6 10/-; South British Insurance 95/3, 95/6; Renown Collieries 10/- (2), Westport Coal 20/9; New Zealand Breweries 52/9; Staples’ Brewery 32/10; Dunlop Perdriau 16/3 (2); Farmers’ Trading 7/-; Union Oil 30/-; Wilson’s Cement 37/6> Waihi 37/9 (3); Waihi Junction 4/2; Mount Lyell 20/-; Gillespie’s Beach 1/6J. Unofficial: Alluvial Holdings 1/6; Renown Colleries, 1954, 6 per cent, £lO3 10/-; Woolworths (Sydney) 89/6. Wellington, June 12. Sales on ’Change: Government Bonds,

4 per cent., 1946 £lOB 5/-.; Bank of New South Wales £3O 17/6; Bank of New Zealand 50/10 (3); Reserve Bank of New Zealand £6 9/9 (2); New Zealand Guarantee Corporation 5/9; P. and O. (def.) 21/6; Westport Coal 21/-; Kauri Timber 20/- (late Tuesday); Staple’s Brewery 32/11, 33/- (2); Big River 2/2| (2); Mount Lyell 20/-. Unofficial: Woolworths (Sydney) 90/-; Procera Bread (vendors’) 14/(late Tuesday). Christchurch, June 12. Sales on ’Change: Commercial Bank of Sydney £l7 10/-; Reserve Bank of New Zealand £6 9/6; New Zealand Refrigerating (10/- paid) 8/10; Kauri Timber 20/2; Sun-Newspapers 8/- (2); Big River 2/3; Mount Lyell 20/2 (3); Skippers 2?d (2). . Sales reported: Commercial Bank of Australia 15/3; South British Insurance 95/6; Christchurch Gas 36/6; Australian Iron and Steel (pref.) 22/6; Sun Newspapers 8/-; Deep Lead 1/8; Gillespie’s Beach 1/6J; Mount Lyell 20/2; Waihi 37/11; New Zealand Refrigerating (£1 paid) 19/9. Dunedin, June 12. Sales reported: Wright, Stephenson (pref.) 19/6; Bonds, 1946, 4 per cent., £lOB. CORPORATION LOANS. MANCHESTER AND CARDIFF. (British Official Wireless.) (Rec. 55 p.m.) Rugby, June 11. The Mancester Corporation 3 per cent, loan of £4,000,000, which was offered last week at £99 is stated to have been over-subscribed 33 times. Dealings began to-day and finished at a premium of 15/6. It was the first municipal loan to be floated after a respite from issues of this kind of four months, but others will follow before long. To-day the Cardiff, Corporation approved of the issue of new stock to the value of £1,500,000 at 3 per cent., the purpose of which is to extinguish two existing 3 2 per cent, issues, one of which is due for repayment in July. The stock will be issued at £99. SYDNEY STOCK EXCHANGE. (United Press Assn—Telegraph Copyright.) (Rec. 8.25 p.m.) Sydney, June 12. On the Stock Exchange the business to-day covered a wide range of investments with the tone of the market fairly strong. Sales:— £ s d

SYDNEY WOOL SALES. A FIRM MARKET. (United Press Assn—Telegraph Copyright.) (Rec. 9.45 p.m.) Sydney, June 12 At the wool sales 11,736 bales were offered and 9869 sold, also 1085 privately. The market continues firm with a strong demand, in which Japanese and German buyers are most prominent. Greasy Merino sold to 191 d. FOREIGN EXCHANGES. 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

The Associated Banks (other than the Bank of New South Wales) quoted the following dollar-sterling rate yesterday, subject to alteration without notice:— U.S.A. Canada. Conversion dollar bills received for collection and

SHEEPSKIN SALE. The Dunedin Stock Agents and Woolbrokers’ Association (Messrs Dalgety and Co., Ltd., Donald Reid and Co.; Ltd., New Zealand Loan and Mercan-

tile Agency Company, Ltd., Wright, Stephenson and Co., Ltd., Otago Farmers’ Co-operative Association, Ltd., and National Mortgage and Agency Company, Ltd.) reports as follows to tne Otago Daily Times: — There was a comparatively large offering forward for yesterday’s sale. Competition was keen, but in sympathy with overseas markets prices were id and occasionally 2 d lower than last sale’s rates. The following is the range of prices:—Merino —full wool to BJd, half wool to 6id; halfbred—full wool 9d to 9.{d, half-wool 6Jd to 7Jd, quarter wool 4.1 d to 5Jd; fine crossbred—full wool 7Jd to 81d, half wool 6]d to 7id; crossbred —full wool 6 2 d to 7-’d, half wool 6d to 6Jd, quarter wool to sld; halfbred hogget, 8d to BJd; fine crossbred hogget, 7d to 7jd; crossbred hogget, 6.1 d to 6.fd; halfbred lambs, 6 2 d to 7|d; crossbred lambs, 6d to 6|d; halfbred dead and damaged, 7|d to B£d; fine crossbred dead and damaged, 6d to 6Jd; crossbred dead and damaged, 5Jd to 5Jd; first pelts, 4d to sd; second pelts, 2Jd to 30d. METAL QUOTATIONS. (United Press Assn—Telegraph Copyright.) (Rec. 8.25 p.m.) London, June 11. Quotations for metals are as follows: June 6. June 11

PRICE OF GOLD. London, June 11. The price of gold to-day is £7 1/10 per fine’ounce.

Stock, 3J p.c., Buyers. £ s d Sellers. £ s d 1938-43 105 0 0 — ~~~ Stock, 31 p.c,, 1938-52 Stock, 31 p.c., 106 0 0 1939-43 Stock, 31 p.c., 105 0 0 ——— 1939-52 106 0 0 » 1111 "*■ Stock, 4 p.c., 1940 102 0 0 — Bonds, 4 p.c., 1940 102 0 0 Stock, 4 p.c., 1946 107 10 0 ■ — Bonds, 4 p.c., 1946 107 10 0 ■'I'Stock, 4 p.c., 1949 108 0 0 ll — Bonds, 4 p.c., 1949 108 0 0 —- Stock, 4 p.c., 1955 112 0 0 - ■— Bonds, 4 p.c., 1955 112 0 0 - - Banks. Commercial Commercial, pref., 0 15 0 — 4 p.c. cum. Commercial of — 9 12 6 SydneyNational of New — 18 0 0 Zealand 3 6 6 — New Zealand 2 lv 9 . —— Reserve Bank Union of Aus- — 6 10 6 tralia 9 0 0 — Breweries. Timaru Brewery °_L 3 Staples Brewery 1 12 9 Coal. Kaitangata i i 0 Westport Coal 110 — Insurance. National — i i 4 South British — 4 18 0 Loan and Agency. National Mortgage, “B” issue 1 11 0 11 Wright, Stephenson and Co. pref. 0 19 3 Meat Companies. (■ N.Z. Refrigerating (20/- paid) 0 19 3 1 0 0 (10/- paid) Southland Frozen — 0 9 0 Meat (£1 ord.) ■ ii— 3 16 6 (£1 pref.) ■i «■ 3 16 6 South Otago Freez ing Co. 6 13 0 —— Shipping. Union Steam Ship Co. (pref.) 17 0 — Miscellaneous. Australian Glass Australian Iron 3 7 9 — and Steel British Tobacco 12 3 (Aust.) Colonial Sugar 1 18 0 1 19 0 Co. — —— 42 0 0 Dominion Fertilizer Dominion 110 — Rubber Co. 1-' » 1 10 0 Donaghy’s Rope and Twine Milburn Lime 2 10 0 — and Cement .2 4 0 — N.Z. Drug 4 2 0 —> N.Z. Paper Mills Woolworth’s 1 13 9 - (Sydney) Mortgage Cor- — 4 11 0 poration prem. 0 16 ' Woollen Mills. Wellington Woollens (pref.) 6 0 0 —- Mining. Bendigo Goldlight 0 0 91 0 1 0 Broken Hill ■ - 2 17 0 Big River Electrolytic Zinc 0 2 3 0 2 5 (ord.) 16 0 1 7 0 Gillespie’s Beach Goldfields Dredg0 15 0 1 7 ing 0 0 3J Kildare 0 3 2 . 0 3 6 King Solomon 0 3 9 0 4 1 Mount Lyell 10 0 — Maerewhenua Moonlight — 0 0 2 Nelson w 1. 0 0 1 Mt. Morgan 1 16 6 Nevis Diesel —K—> 0 0 2 Skippers ■■ 1 II 0 0 3 Waitahu 0 0 3 —— Waimumu — 0 0 11

Bank of New South Wales Commercial Bank of Sydney 31 12 17 17 6 0 Bank of Australasia 11 7 0 Queensland National Bank 4 18 6 Australian Glass (New Zealand delivery) 3 9 3 G. J. Coles 3 9. 3 British Tobacco 1 19 3 Tooth’s 2 13 0 Goldsbrough Mort 2 0 6 Winchcombe Carson 1 7 9 Henry Jones 1 16 , » 3 Millaquin Sugar 1 13 9 Fairymead Sugar 2 0 0 Electrolytic Zinc 1 6 6 Mt. Morgan 1 16 4 Broken Hill Pty. 2 16 9 South Broken Hill 4 7 0 Kuala Kampar 13 0 Malim Nawar 15 9 Placer Development 27 18 0 Commonwealth Bonds (4 per cents)1938 i 104 0 0 1941 103 7 6 1944 104 12 6 1947 106 2 6 1950 106 15 0 1955 106 10 0 1957 105 2 6 1959 105 10 0 1961 106 10 0 Melbourne Sales. National Bank (£10 paid) 12 16 0 Bank of Australasia 11 5 0 G. J. Coles 3 9 0 Herald and Weekly Times 2 16 0

London— m „ £N.Z. to SlOOste T.T. 124 124/10/O.D. 123/10/124/8/9 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 O.D. 90/7/6 89 New York — 3.99J 3.955 Dollars to £1 N.Z. T.T. O.D. 4.01 3.96a Montreal— Dollars to £1 N.Z. T.T. 4.00 J 3.96J O.D. 4.01 J 3.97 France— Francs to £1 N.Z. T.T. 60.72 59.42 O.D. 61.02 59.47 Noumea — Francs to £1 N.Z. T.T. 61.67 58.67 O.D. 62.07 58.72 Papeete— Francs to £1 N.Z. T.T. 61.67 58.67 O.D. 62.07 58.72 Belgium— Belgas to £1 N.Z. T.T. O.D. 23.079 23.094 Get many— Reichmarks to £1 9.618 N.Z. T.T. —— OD. 9.623 Italy— Lire to £ 1 N.Z. T.T. — 47.39 O.D. — 47.43 Switzerland — 12.389 11.989 Francs to £1 N.Z. T.T. O.D. 12.464 11.999 Hoilana— Florins to £1 N.Z. T.T. 5.996 5.746 O.D. 6.046 5.750 JavaFlorins to £1 NZ. T.T. 5.939 5.714 O.D. 5.989 5.718 Japan— N.Z. pence yen o 1 T.T. — 17 13/16 O.D. —— Shanghai— N.Z. pence dollar to 1 T.T. 24 3-32 25 13-32 O.D. 23 31-32 25 11-32 India and Ceylon— N.Z. pence rupee to 1 T.T. 22 3-8 22 23-32 O.D. 22 1-4 22 21-32 Hong Kong->-N.Z. pence dollar to 1 T.T. 35 3-8 36 7-16 O.D. 35 1-4 36 3-8 Singapore— N.Z. pence to 1 34 9-32 35 7-32 dollar T.T. O.D. 34 5-32 35 5-32 Sweden — 15.790 15.460 Kroner to £1 N.Z. T.T. 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— 18.208 17.878 Kroner to £1 N.Z.- T.T. O.D. 18.248 17.888 Austria— Schillings to N.Z. £1 T.T. 20.57 O.D. ■ ■■■ 20.59 Czechoslovakia94.13 Crowns to £1 N.Z. T.T. —— ■ O.D. — 94.18

sale dollar drafts and tele4.91 4.94 graphic transfers Purchase dollars bills 4.91 4.94 On a New Zealand currency basis these rates are equivalent to:— T.T. ■3.948 3.948 On Demand 3.942 3.945 Buying On Demand 4.00} 4.00} The cost in New Zealand currency of the nound sterling, and of the principal American units, on the latest quotations. is as follows:— Present Price Par s d s d Australian pound 19 10.81 2C 0.00 London pound 24 10.50 2C 0.00

£ s d £ s d Copper— Standard spot 32 4 31 15 71 Forward 32 11 10£ 32 3 1-4 Electrolytic 35 15 0 35 0 0 to 36 5 0 35 10 0 Wire Bars 36 5 0 35 10 0 American — — Lead — Spot 13 18 9 13 15 0 Forward 13 18 9 13 13 9 Spelter— Spot 13 13 9 13 12 6 Forward 14 0 0 13 16 3 Tin— Spot 226 0 0 223 12 6 Forward 220 12 6 217 5 0 Silver— Fine, per oz. 32Jd 33 3-16d Standard, per OZ. 35 l-16d 35 13-16d