COMMERCIAL

Southland Times, Issue 25342, 22 July 1935, Page 2

COMMERCIAL

THE STOCK EXCHANGE.

SATURDAY’S QUOTATIONS. At Saturday morning’s call-over on the Invercargill Stock Exchange the following prices were quoted:—

NORTHERN EXCHANGES. (Per United Press Association.) Auckland, July 21. Sales on ’Change: Auckland City. 1942, 4] per cent., £lO3 15/-; Bank of New Zealand 51/6; Union Bank £9 2/-; Pukemiro Colleries 25/-; Renown Colleries (pref.) 2/8; British Tobacco 39/11; Waihi Junction 4/1J; Mahakipawa 5Jd. Unofficial: Golden Crown 7/11. Wellington, July 21. Sales on ’Change: Commercial Bank of Sydney £lB 5/-; Bank of NewSouth Wales £32 2/6 (2); Bank of New Zealand 51/6; Union Bank £9 2/- (3), £9 3/2 (2); New .Zealand Refrigerating (contr.) 9/11; Manawatu Knitting Mills 37/6; Anthony Hordern 20/1, 20/-; Electrolytic Zinc (ord.) 27/8; New Zealand Newspapers 38/5; General Industries 20/-; (all late Friday); Christchurch Drainage Board, 4| per cent., 1961 £lOB 17/6', New Zealand Refrigerating 20/9. Unofficial: Woolworths (Sydney) 92/9 (2) (late Friday), 93/-. Christchurch, July 21.

Sales on ’Change: Commercial Bank (cum div.) 16/9, 16/10; Dalgety and Company £8 5/-; Timaru Brewery (7/6 paid) 9/-; Electrolytic Zinc (pref, cum div.) 35/6 (2); Big River 2/-; Goldfields Dredging 3d; Mahakipawa 6d; Mount Morgan 37/-. Sales reported: Christchurch Drainage Board, 3J per cent., 1961, £lOB 10/-; Anthony Hordern 20/-; Big River 2/-. Unlisted sales reported: Associated Motorists’ Petrol (pref.) 27/-. Dimedin, July 21. Sales on ’Change: New Zealand Refrigerating (paid) £1 1/-; New Zealand Refrigerating (cont.) 9/11. Sales reported: New Zealand Refrigerating (cont.) 9/11; Bruce Woollen (ord.) 14/-; British Tobacco £1 19/6; South British Insurance £4 18/3; Consolidated Brick 10/6 (3); Mount Morgans £1 17/-; Stock, 4 per cent., 19521955, £ll2.

LONDON SHARE QUOTATIONS. (United Press Assn.—Telegraph Copyright.) London, July 19. Shares:—Mt. Lyell, 15/-; Bulolo, 141/3; New Guinea, 4/11.

Dunedin, July 21. Arrived (Saturday): Toorak 4.30 p.m. from Lyttelton. Sailed (Saturday): Wingatui 12.30 p.m. for Oamaru; Orepuki 6.30 p.m. for Timaru. Arrived (Sunday): Coptic 8.30 a.m,. from Lyttelton. Sailed (Sunday): Toorak 9 a.m. for San Francisco.

local markets THE RIALTO. William Todd and Co., Ltd., report as follows for week ending Saturday, July 20: Pigs: Keen demand. Small wcaners 7/- to 10/-, medium 11/- to .12/3, large 12/9 to 16/6, small stores 14/6 to 20/-, stores 25/- to 30/6. Poultry: Large entry and fair demand. Purebred White Leghorn pullets 4/6 to 5/-, others 2/3 to 3/7, White Leghorn hens 1/4 to 2/7, Black Orpingtons 2/4 to 2/7, purebred cockerels (Leghorns) 6/6 to 7/-, Orpingtons 5/6 to 11/-, Black Minorcas 2/9 to 6/-. ducks 1/7 to 2/7, geese 2/3 to 2/6 turkeys, hens 5/- to 5/3. Bacon Pigs: We are cash buyers o£ bacon-weights 120 to 1501 b at 5d lb, freight paid. Draught mare (aged) £29, hay rake £5, spring cart £3 10/-, discs £3 10/-, scuffler 30/-, harness £3 17/6, £4 15/-, saddle £3. Dairy cow £4, heifers £2 17/6, £2 15/-. Produce: Table potatoes, strong inquiry from north. Shipping values for Arran Chiefs have advanced to £6 per ton, country sidings. King Edwards, local demand fair at £6 15/- to £7. ex store. Seed potatoes, early varieties are being inquired for; consignments wanted. Values 10/- to 12/- cwt., according to variety. Chaff, prime £5 to £5 5/-, ex store, oats 13/6 to 15/barley 16/-, wheat 19/-, onions 17/6, barley pollard 11/6, bran 7/-, pollard 8/6, sorrell 4/6, Farra Food 14/6, Ryecorn 10/-, Rock Salt 9/-, Molasses 13/6, Meat Meal 11/-, Liver Meal 11/Moose Nuts 15/-, Moose Meal 16/Halmeg Sheep Nuts 12/6, Boneflour 14/-,. oyster shell grit 6/-, carrots for rabbiters 2001 b sacks 10/6. Miscellaneous: Barb wire 27/6, No. 8 galvanized 19/6, fowl netting 13/6, sheep netting 21/-, rabbit netting 21/-, tanks 47/6, kauri washtubs 55/-, baths 65/-, portable boilers £4 5/-, wheelbarrows 26/-, oil drums (>/-, timber 12/6 to 14/- 100 ft, droppers 12/-, stakes 25/100, horse covers 26/-, covers 8/6 to 15/-, collars 35/-, winkers 18/6, plow chains 5/6, “Downee” hames 9/6, riding saddles £4 10/-, bridles 10/honey 101 b tins 5/6, 601 b tins 5Jd lb, Ceylon tea 401 b chests 2/3, 51b boxes 13/6, burnt lime 5/-, carbonate lime 2/6, K.P. super 6/6, K.P. garden manure 8/-, potato manure 8/- cwt. Vegetables: Cabbage 1/6 to 2/8 doz., carrots, parsnips, beetroot Id lb. Hedge Trees: Macrocarpa, Pinus Insignis, White Escalonia, Olearia 25/100, apple trees 3/- each, ornamental shrubs 3/-, black currants, gooseberries 10/- dozen. EXCHANGE MART. Messrs D. W. McKay, Ltd., Exchange Mart, Invercargill, report as follows:— Apples are in shorter supply at present and there is a steady demand for Romes, Ballarats, Statesmen and other cooking varieties. Delicious and Jonathans have a good demand at advanced rates to 7/-; Sturmers in fair supply; pears are very scarce and a new shipment of South Australian oranges are due on Monday. These will arrive to a ready market. Bananas are of excellent quality and selling at fairly low rates. Lemons (N.Z.) 12/— to 14/-, Californian lemons 60/-, Poorman’s 10/- to 11/-, potatoes 7/- to 8/-, carrots, parsnips and swedes selling at medium rates. Mutton birds 7d to 7jd, honey 3/9 to 6/-, seed potatoes, including Jersey Bennes, Sutton’s Early Perfection, King Edwards and Arran Banner, we have of selected quality. Used furniture has a steady sale and we have special facilities for disposal. New furniture of modern design at attractive prices in our showroom. We also have builders’ lines, including doors, sashes, counters, shelves, show cases, mirrors, also ranges and garden tools. BRAY BROS. Messrs Bray Bros., Ltd., report auction prices as follows:— Apples, dessert 4/- to 7/-, cooking 3/- to 5/6; coconuts 10/- sack; lemons (N.Z.) 10/- to 15/-; oranges, fresh shipment “Berri” arriving Tuesday; pears 5/- to 6/- box; walnuts 51d lb; beetroot ijd lb; cabbage 1/6 to 3/6 doz.; carrots Id lb; cauliflower 1/6 to 7/doz; lettuce 1/- to 2/- doz; marrows Id lb; onions 16/-; parsnips Id lb; potatoes 6/- to 12/- sack; pumpkins Id lb; champion egg crates (24d0z.) 18/6; early and main crop seed potatoes on hand. Furniture: Bedroom suite £6 10/-, chairs 6/6, duchesses £3 to £5 5/-. HORSE SALE. AUCTION AT GORE. The new stables erected by Messrs Wright, Stephenson and Co., Ltd., Gore, were officially opened on Saturday afternoon when the monthly horse sale conducted by the firm was held. There was a large attendance of buyers and spectators present, and the opportunity was taken while the sale was in progress to inspect the facilities offered to vendors and buyers in the way of accommodation. The auction of 25 light and heavy horses was marked by satisfactory competition from the commencement. Good young draughts brought up to £56. Hack and harness horses were slow of sale. Passings were infrequent throughout. Sales were.—Gelding, syrs, £56; mare, aged, £5; do., £1; mare, 7yrs, £39 10/-; gelding, aged, £1 10/-;.un-broken gelding, 3yrs, £33 10/-; do, mare, 4yrs, £46; do. gelding, 3yrs, £33; mare, syrs, £3O 10/-; gelding, syrs, £46 10/-; gelding, 7yrs, £10; mare, 9yrs, £l3 10/-; hack, lOyrs, £7; mare, 6yrs, £5O; gelding, aged £8; do, £3O 10/-; do., £l7; mare, aged, £4 10/-; hack, lOyrs, £9; mare, aged, £10; mare, 4 yrs, £5l; mare, rising 4yrs, £5O; gelding, 9yrs, £37; mare, 7yrs, £35 10/-; gelding, syrs, £46; do., 4yrs, £46; gelding, unbroken, 3yrs, £33. DAIRY PRODUCE PRICES. (Per United Press Association.) Wellington, July 20. The dairy produce price of butter has been fixed at IOJd and of cheese at sd, these being equivalent to 86/4 and 44/respcctively. The South Island Dairy Association report having received the following advice from the New Zealand Producers’ Co-op. Marketing Association under date July 20;— Butter firm, with more inquiry. New Zealand 89/- to 90/-; Danish 102/-. Cheese quiet both colours, 43/6. STAPLES AND COMPANY. INTERIM DIVIDEND. (Per United Press Association.) Wellington, July 21. Messrs J. Staples and Company have advised the Stock Exchange Association that the directors have declared an interim dividend of 2J per cent, for the six months ended June, payable on August 7. TREASURY BILLS. LAST WEEK’S ALLOCATION. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, July 20. The total amount applied for in tenders for £40,000,000 of Treasury bills was £67,685,000. The average rate per cent, for bills at three months was 12/2.84d compared with 12/1.60d per cent, a week ago.

FROZEN MEAT. (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, July 20. Frozen meat quotations are as follows, with prices for the previous week

Mr R. L. Bennett, Wellington, has received the following advice from Henry S. Fitter and Sons Ltd, London:— N.Z. Lambs, selected Downs 7} 71 Secondary Lambs, selected Downs 61 6,i

Lambs.—The market is firm, and there is a satisfactory demand. Wethers.—The demand is improving, but prices are practically unchanged. Ewes.—Weaker values are ruling, owing to a lack of demand. Beef.—The demand is affected by the low price of chilled beef. Pork.—The market is dull, and little business doing. Trade is slow generally owing to hot weather. LONDON WOOL SALES. FINER GRADES IN DEMAND. (United Press Assn.—Telegraph Copyright.) London, July 19. . At the wool sales 10,528 bales were offered, including 4397 New Zealand. About 6372 Australian and New Zealand were sold. There was a good demand and all the finer grades were at steady rates, but Merinos were 5 per cent, below the highest of the series. Inferior and faulty wool was irregular and withdrawals were numerous. New Zealand scoured Merinos, “Glenlyon,” top price 24d, average 22£d; greasy halfbred, “Takitu,” top price 14d, average 13|d. PRICE OF GOLD. (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, July 20. The price of gold is £7 l/0£ an ounce.

Government Debentures. Buyer. Seller. £ s d £ s d Stock, 3' p.c., 1938-43 105 5 0 — Stock, 31 p.c., 1938-52 107 5 0 — Stock, 31 p.c., 1939-43 105 5 0 Stock, 3J p.c., 1939-52 107 5 0 Stock, 4 p.c., 1940 102 5 0 — Bonds, 4 p.c., 1940 102 0 0 Stock, 4 p.c., 1946 108 0 0 Bonds, 4 p.c., 1946 108 0 0 Bonds, 4 p.c., 1949 108 10 0 Stock, 4 p.c., 1949 108 10 0 Stock, 4 p.c., 1955 111 5 0 — Bonds, 4 p.c., 1955 111 5 0 — Banks. Australasia 10 17 6 — Commercial 0 16 8 0 16 10 National of Australasia (con.) 6 5 0 — National of New Zealand 3 9 6 New South Wales 31 15 0 — New Zealand 2 11 6 2 12 0 Reserve Bank of New Zealand 6 9 6 Union, of Australia 9 0 0 — Breweries. N.Z. Breweries (Shares) 2 14 3 Timaru Brewery 0 8 11 — Tooth’s Brewery 2 14 3 Coal. Kaitangata 1 0 9 Westport Coal 1 1 11 Insurance. National 1 0 6 1 1 0 New Zealand 3 8 6 South British 4 18 0 — Standard 3 12 0 3 13 6 Loan and Agency. Dalgety and Co. 8 6 0 Goldsbrough, Mort and Co. 1 9 9 — Wright, Stephenson • and Co. (ord.) 0 18 0 — (pref.) 0 19 3 — Meat Companies. N.Z. Refrigerating (20/- paid) 1 0 6 1 1 3 (10/- paid) 0 9 11 — Southland Frozen Meat (£1 ord.) 3 15 6 — (£1 pref.) 3 15 6 — South Otago Freezing Co. 6 15 0 Shipping. Union Steam Ship Co. (pref.) 1 7 o — Miscellaneous. British Tobacco (Aust.) 1 18 6 — Colonial Sugar Co. 44 0 0 Dominion Fertilizer 1 3 0 ——-- Dominion Rubber Co. 1 9 0 Donaghy’s Rope and Twine 2 12 0 Dunlop Rubber (Aust.) 0 16 3 New Zealand Drug 4 3 0 4 4 6 N.Z. Farmers' Fertilizers 1 0 3 — New Zealand Paper Mills 1 14 6 Woolworths (Sydney) 4 12 0 4 13 0 Mining. Bendigo Goldlight 0 0 0 0 10J Broken Hill 2 19 9 Big River 0 2 3 (ord.) 1 7 0 — (pref.) 1 14 6 — Gillespie’s Beach 0 1 4 J 0 1 51 Goldfields Dredging 0 0 2:1 —.— Kildare —-—— 0 3 1 King Solomon 0 3 8 0 3 10 Mount Lyell 0 19 6 — Moonlight Nelson 0 0 1 Mount Morgans 1 16 9 1 17 6 Nokomai 0 2 0 Okarito 0 6 0 Waitahu 0 2 0 0 3 0 Maori Gully 0 1 6 Junction Reward 0 1 6

also shown: — July 13. July 20. d. d. N.Z. Sheep— Canterbury and North Islanc selected crossbred wethers and maiden ewes: 48-561b 4 4 57-641b 35 31 65-721b 32 32 Ewes: Under 481b 3 25 48-641b 2? 22 65-721b 22 22 North Island: 48-561b 4 4 57-641b 3.? 32 65-721b 32 32 Australian Sheep— First quality crossbred and/or Merino wethers: 40-G51b 25 25 Ewes: 30-501b 25 2J Second quality wethers: 30-501b 25 25 Ewes: 30-551b 23 23 Argentine Sheep— First quality crossbred wethers: 48-641b 31 31 65-721b 31 3.1 Patagonian Sheep— Wethers and/or maiden ewes: Under 501b 35 3A 50-601b 3 3 Ewes: 40-501b — — Argentine Lambs— First quality: 3Glb and under 51 52 37-421b 51 Second quality: Average about 281b 5g 5J Patagonian Lambs— First quality: 3Glb and under 51 51 37-421b 5 5 Second quality: Average about 281b 51 51 N.Z. Lambs— Canterbury, first quality: 361b and under 72 71 37-421b 7g 71 43-501b 65 7 Second quality: Average about 321b 62 61 Other South Island— 361b and under 7g 7.1 37-421b 72 7.1 43-501b 627 Selected North Island, including Downs: 361b and under 7 7-2 37-421b 71 72 43-501b 65 7 Second quality: Average about 321b 62 61 Other North Island, first quality: 361b and under 7 7 37-421b 7 7 Second quality: Average about 321b 6 6 Australian Lambs— Victorian, first quality: 361b and under 52 6 37-421b 52 6 Second quality: 361b and under 55 53 Other States; first quality: 361b and under 52 55 37-421b 52 55 All States; third quality: Average about 261b 52 55 N.Z. Frozen Beef— Ox fores (160-2201b) 21 21 Ox hinds (160-2201b) 31 0.1 Australian Frozen Beef— Ox hinds (1601b and under) 32 31 Ox hinds (over 1601b) 32 31 Ox crops (1001b and under) 21 22 Ox crops (over 1001b) 21 2g Argentine Chilled Beef— Ox fores (160-2201b) 22 23 Ox hinds (160-2201b) 42 42 N.Z. Pigs— First quality: 60-801b 51 51 81-1001b 5.1 5J 101-1201b 55 55 Australian Pigs— First quality: 60-1001b (average about 801b) 51 51 101-1201b 51 5J New Zealand Chilled BeefOx hinds 3 Ox fores — l.i Australian Chilled Beef— Ox hinds 3 25 Ox crops 1-5 13 Union of S. Africa Chilled Beef— Ox hinds 3? 31 Ox fores 2! 2 Southern Rhodesia Chilled Beef— Ox hinds 2L21 Ox fores U 11 ■

N.Z. Lambs, 2’s 7 71 N.Z. Lambs, 8’s 7 71 N.Z. Lambs, 4’s 61 7 Secondary Lambs 6 61 N.Z. Mutton, small 3:1 44 N.Z. Mutton, large 31 3B N.Z. Ewes, small 2i 21 N.Z. Ewes, large 2 24 N.Z. Beef, Ox Hinds (frozen) 3 31 N.Z. Beef, Ox Fores (frozen) 2 21 Dominion Chilled Hinds 21 Dominion Chilled Fores 14 2 South American Chilled Hinds 44 41 South American Chilled Fores 2i 24 N.Z. Pork 5 51 Australian Lambs 5 6 Argentine Lambs 5 6