COMMERCIAL

Southland Times, Issue 22729, 4 November 1935, Page 2

COMMERCIAL

THE SHARE MARKET. INVERCARGILL STOCK EXCHANGE. INDUSTRIAL SHARES SHOW FIRMING TENDENCY. The market at Saturday’s call-over on the Invercargill Stock Exchange was steady, with a firming tendency in the shares of leading industrial companies. Prices were quoted as follows:—

NORTHERN EXCHANGES. (Per United Press Association.) Auckland, November 3. Sales on ’Change: South British Insurance 88/-; Broken Hill Proprietary 55/-; Martha Mine 21/4; Mataki 2/-; Waihi Investments 16/7; Skippers 2|d; Worksop 2/4. Unofficial: Woolworths (Sydney) £5 10/6, £5 10/9, £5 11/-. Wellington, November 3. Sales on ’Change: New Zealand Guarantee Corporation 5/-; New Zealand Insurance 63/4; Taupo-Totara Timber 7/6; New Zealand Breweries 52/3; New Zealand Newspapers 40/9 (all late Friday.) Christchurch, November 3. Unlisted sales on ’Change: Argo Gold 1/3 (2); Woolworths, Sydney (ord.) £5 11/9 (3). Sales on ’Change: Commercial Bank of Australia 16/7; Bank of New Zealand 50/9 (2); New Zealand Guarantee Corporation 5/2; Christchurch Gas 34/6; New Zealand Breweries 52/1; Australian Iron and Steel (pref., ex div.) 25/- (2); Broken Hill Proprietary (cum div.) 55/-; Dunlop Perdriau Rubber 16/7 (2); Electrolytic Zinc (ord.) 32/9, 33/-; Kauri Timber (cum div.) 23/4 (2), 23/6; Skippers 2Jd (2). Sales reported: Kauri Timber 23/5, 23/6; Morris Hedstrom 23/9; Worksop Extended- 2/4; Bank of New Zealand 50/9. Dunedin, November 3. Sales on ’Change: National Insurance (cum. div.) 19/6; Guarantee Corporation 5/- (2); Woolworths (Sydney) £5 12/-; Stock, 4 per cent., 1937-1940, £lOl 15/-. Unlisted sales on ’Change: Cash Orders Amalgamated £ll/6; United Provision 11/5.

RABBIT MARKET. (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, November 2. Quotations for rabbits are as follows: Large, ex store, 17/- to 17/6 a case.

LOCAL MARKETS THE RIALTO. Messrs William Todd & Co., Ltd., report as follows for week ending Saturday, November 2:— Pigs.—Small weaners 7/- to 11/-, medium 12/6 to 16/9, well-grown 17/to £l. Small stores 11/9 to £1 1/-. Stores £1 3/- to £1 9/6. Porkers £1 14/- to £1 19/-. Sow and litter £5 10/-. Poultry.—Hens 1/4 to 2/1; heavy breeds 2/5 to 3/4; ducks 1/7 to 2/1. Turkey gobbler 10/-. Hen and chicks 9/- to 19/-. Bacon Pigs.—We are cash buyers of bacon weights, 1201 b to 1501 b, at 5d lb freight paid. Produce.—Supplies equal to demand; •values nominal. Onions (Canadian) 30/-, chaff £6, straw £4, oats 18/6, barley 17/6, wheat 20/- to 21/-, pollard 8/6, bran 7/-, Farra food 7/6, rock salt 9/-, molasses 13/6, Meat Meal 11/-, Moose Meal 16/-, Moose Nuts 15/-, Halmeg Nuts 12/6, Boneflour 14/-, whole linseed 24/-, crushed linseed 26/-, Ceremilk 6/-, oyster shell grit 6/-.

Miscellaneous. —Barb-wire 27/6, No. 8 galvanized 19/6, rabbit netting 22/-, fowl netting 13/6, sheep netting 21/-, wheelbarrows 26/-, kauri washtubs 35/-, bath 65/-, portable boilers 85/-, tanks 47/6, timber 10/- to 14/- 100, dressed timber 24/- to 26/-, droppers 12/-, stakes 22/6, military saddles 50/-, bridles 10/-, horse covers 26/-, cow covers 8/6, honey, 601 b tins prime quality 5d lb, Ceylon tea, 51b boxes 13/6, 401 b chest 2/3 lb. Vegetables.—Cabbage 1/6 to 4/6 dozen, lettuce to 3/6, cauliflower 2/6.. rhubarb Id to IJd lb. Grass Seed.—White clover 1/- to 1/6 lb, cowgrass 1/2, cocksfoot lid to 1/3, Timothy 1/4, dogstail 1/3 to 1/6, Alskye and white clover 1/3, perennial 3/6 to 4/6. Mixture clover, ryegrass, cocksfoot 4d lb. WYNDHAM STOCK SALE. Messrs Dalgety and Co. Ltd., report:—A larger yarding of sheep than is usual for this sale. Included in the fat section were some good quality fat ewes which sold well up to rates ruling at other centres. Wethers easied to the extent of 3/- from last sale. There was a good yarding of ewes and lambs, but prices showed an easing tendency. Shorn wether hoggets realized from 13/1 to 18/9.

The exceptionally heavy yarding of fat cattle resulted in a drop of about £3 per head on last sale’s sensational values. Store cattle were also easier. Dairy cows and heifers sold at late rates, good young sorts being in demand. We offered on account of Messrs F. and W. Muir, their annual draft of two-year Friesian heifers. There was a spirited demand for these and the whole line realized the satisfactory average of £7 13/6, top price being £8 17/6.

We sold:—Sheep: 20 fat ewes at 29/9, 6 do at 25/-, 17 do at 24/3, 21 fat wethers at 30/-, 30 wether hoggets at 18/9, 61 do at 15/6, 62 do at 13/1, 98 ewes and lambs 13/3, 133 do at 12/6, 61 do at 11/10. Cattle.—l fat cow at £6 7/6, Ido at £6, 1 do at £5 17/6, 1 do at £3 15/-, 1 do at £lO 5/-, 1 do at £7 7/6, 1 do at £3, 1 do at £6 17/6, 1 do at £5 10/-, 1 do at £5 15/-, 1 do at £5, 1 do at £2 17/6, 1 fat heifer £6 5/-, 1 do at £4 15/-, 1 do at £5 5/-, 1 do at £4 10/-, 1 do at £6 7/6, 1 do at £4 10/-, 1 do at £4 2/6, 1 do at £4 15/-, 2 do at £2 17/6, 1 steer at £2 7/6, 1 heifer at £2 17/6, 1 do at £2 15/-, 2 cows at £2 17/6, 2 dairy cows at £4 7/6, 1 do at £4 10/-, 1 do at £5 10/-, 1 do at £5, 1 do at £2 10/-, 2 dairy heifers at £5 5/-, 1 do at £5, 1 do at £4 17/6, 2 dairy heifers at £4 7/6, 1 do at £2 17/6. On account Messrs F. and W. Muir, dairy heifers, £8 17/6, £8 10/-, 2 at £8 5/-, £7 15/-, £7 5/-, £7, £6 15/-, £6 10/-. Pigs.—4 at 13/-, 2 at 12/6, GORE HORSE FAIR. The National Mortgage and Agency Co., Ltd., held their final Gore horse fair of the season on Saturday, when a small entry was forward. The greatest demand for the season having ceased the sale served to clear a few horses remaining on the market and a satisfactory sale resulted. Sales were as follows:—Bay mare Byrs £l2; bay gelding 7yrs £33; do. Byrs £l5 10/-; do. aged £3 10/-; do. 7yrs £8; do. 6yrs £42; hacks, pony £9 10/-; bay gelding £9 10/-; do. 6yrs £lO 10/-; do. 7yrs £3 10/-; do. 6yrs £10; do. syrs £lO 10/-. Passed in: Bay gelding Byrs £34 10/-; dp. 7yrs £3O 10/-; hack mare aged £l. MINING RETURNS. MAORI GULLY RETURN. (Per United Press Association.) Greymouth, November 2. The Maori Gully return was 270 z Bdwt for 115 hours. BROKEN HILL SOUTH. DIVIDEND DECLARED. (Per United Press Association.) Wellington, November 2. A dividend of 1/6 and a bonus of 1/per share has been declared by Broken Hill South, Limited, payable in Melbourne on December 19. A. AND N.Z. LAND COMPANY. PROFIT QF £32,855. (United Press Assn.—Telegraph Copyright.) London, November 1. The New Zealand and Australian Land Company reports a profit of £32,865. The amount brought in was £BlOl. Preference dividends absorb £31,000, and the amount carried forward is £9967. FOREIGN EXCHANGES. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, November 1. The following mean closing rates of foreign exchanges were quoted to-day-compared with par:—

ON NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales quoted the following rates tor its jurchases and sales on overseas currencies on Saturday (all rates subjected to alteration vithout notice):— New Zealand on Buying Selling London-— £N.Z. to SlOOstg. T.?. 124 124/10A o.». 123/10/- 124/8/3

DAIRY PRODUCE MARKET. FIXATION OF PRICE. (Per United Press Association.) Wellington, November 2. The Dairy Produce Board has fixed prices on the basis of butter 1/- and cheese at 51d, being equivalent to 96/9 and 45/11, c.i.f.e. Messrs A. S. Paterson and Co. Limited, are to-day in receipt of the following cable advice from their principals, Messrs J. and J. Lonsdale and Co. (London) Limited:— Butter: The market is quiet. Buyers are inactive. New Zealand, 105/-; Australian, 104/-. Cheese: Market steady. White and coloured cheese: 52/6. The South Island Dairy Association report having received the following advice from the New Zealand Producers’ Co-operative Marketing Association under date November 2:— Both quiet. New Zealand butter, 103/- to 106/-; Danish, 124/-. Cheese; 52/- to 53/- (both colours). FROZEN MEAT PRICES. (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, November 2. Frozen meat quotations are as follows, with prices for the previous week also shown:—

. FROZEN MEAT. Mr R. L. Bennett, Wellington, has received the following advice from Messrs Henry S. Fitter and Sons, Ltd.,

supplies of fresh meat. Wethers.—Both demand and prices remain steady. Ewes.—Weaker values ruling owing to lack of demand. Beef.—Trade is slow. Pork.—The market is dull. Trade generally is affected by heavy supplies of Home-killed meat.

Government Debentures. Buyers. Sellers. £ s d £ s d ■Stock, 34 p.c., 1938-43 1C2 10 0 — , 1 Stock, 3| p.c., 1938-52 104 5 0 — Stock, 34 p.c., 1939-43 102 10 0 —— Stock, 34 p.c., 1939-52 104 5 0 Stock, 4 p.c., 1940 101 10 0 — Bonds, 4 p.c., 1940 101 10 Stock, 4 p.c., 1946 104 5 0 Bonds, 4 p.c., 1946 104 5 0 -- I— Stock, 4 p.c., 1949 105 0 0 Bonds, 4 p.c., 1949 105 0 0 ■■ . Stock, 4 p.c., 1955 107 10 0 — ■■ Bonds, 4 p.c., 1955 107 10 0 — Banks. Australasia 11 2 6 — Commercial 0 16 7 — National of New Zealand 43 11 0 3 13 0 New South Wales 32 0 0 ' New Zealand 2 10 9 — New Zealand Long “D” issue 1 13 9 Reserve Bank of New Zealand — 6 6 0 Union of Australia . 9 6 0 — — Breweries. New Zealand Breweries (Shares) 2 11 9 — Staples’ Brewery 1 12 0 1 13 0 Timaru Brewery (cum div.) 0 8 6 — Coal. Westport Coal 1 2 4 — Insurance. National 0 19 3 0 19 11 New Zealand 3 2 9 ——- Standard 3 6 0 — Loan and Agency. Wright, Stephenson and Co. (ord.) 0 18 0 0 18 6 (pref.) 1 0 0 1 0 3 Meat Companies. N.Z. Refrigerating (20/- paid) 1 1 9 (10/- paid) 0 10 9 Southland Frozen Meat (£1 ord.) 4 0 0 (10/- ord.) ——- 2 0 0 (£1 pref.) — 4 0 0 South Otago Freezing Co. (ex div.) 7 0 0. — Shipping. Union Steam Ship Co. (pref.) 1 7 3 — Miscellaneous. British Tobacco (Aust.) — 1 18 9 Colonial Sugar Co. 43 10 0 — Dominion Fertilizer 1 3 0 1 3 6 Donaghy’s Rope and Twine 2 12 9 Milburn Lime and Cement 2 3 9 2 5 0 New Zealand Drug 3 16 6 3 18 6 N.Z. Farmers’ Fertilizers 0 19 0 — N.Z. Paper Mills 1 8 0 1 10 0 Wilson’s (N.Z.) Portland Cement 2 1 0 —— Woolworths (Sydney) j 5 11 0 — Woollen Mills. Bruce (ord.) — 0 15 3 Mining. Bendigo Goldlight 0 0 5 — Big River 0 1 104 0 2 0 Electrolytic Zinc (ord.) 1 12 6 (pref.) 1 16 6 - Gillespie’s Beach 0 1 1 0 1 3 King Solomons 0 3 2 0 3 5 Kildare 0 3 0 King Solomon 0 3 0 — Mount Lyell — 0 19 11 Mount Morgans 1 17 0 — Okarito 0 4 9 0 5 3 Maori Gully 0 1 1 — Waipapa Beach 0 1 5 —

Par. To-day. Paris, fr. to £ 124.21 74f New York, dol. to £ 4.885 4.91;] Montreal, dol to £ 4.886 4.96JBrussels, belgas to £ 35 29.16 Geneva, fr. to £ 25.221 15.12 Amsterdam, fl. to £ 12.107 7.231 Milap, lira to £ 20.43 60 13-32 Berlin, rmk. to £ 24.42 12.211Stockholm, kr. to £ 18.119 19.391 Copenhagen, kr. to £ 18.159 23.391 Oslo, kr. to £ 19.159 19.091 Vienna, schgs to £ 34.535 26 Prague, kr. to £ 164.25 118? Helsingfors, m. to £ 193.23 226? Madrid, pesetas to £ 25.2215 35 63-64 Lisbon, escudos to £ 110 nog Athens; dr. to £ '875 512 Bucharest, lei to £ 818.6 624 Belgrade, dinars 275.31 215 Rio de Janeiro, p. to milreis 8.982 41 Beunos Aires, p. to dol. 45.577 15 Montevideo, p. to dol. 57 39 11-16 Bombay, p. to rupee 10 181 Shanghai, p. to dol. «—■»■ — 15J Hong Kong, p. to do: 21 13-16 Yokohama, p. to yen ” 24.57 14 3-32 Batavia —— 7.201 Warsaw 1 "■ 26.06

Australia — £A to £100 N.Z. T.T. 101 O.D. 101 100/10/Fiji— £F to £100 N-Z. T.T. 90/7/6 89 . O.D. 90/7/6 89 Now York— Dollars to £1 N.Z. T.T. 3.97 7-8 3.93 5-8 O.D. 3.99 1-8 3.94 1-8 Montreal — Dollars to £1 N.Z. T.T. 4.02 1-8 3.97 7-8 O.D. 4.03 3-8 3.98 3-8 France— Francs to £1 N.Z. T.T. 60.58 59.28 O.D. 60.88 59.33 Noumea— Francs to £1 N.Z. T.T. 61.53 58.53 O.D. 61.93 58.58 Papeete— Francs to £1 N.Z. T.T. 61.53 58.53 O.D. 61.93 58.58 Belgium— Belgas to £1 N.Z. T.T. — O.D. — 23.127 23.142 Germany— Reichmarks to £1 9.606 N.Z. T.T. — O.D. — 9.611 Italy— Lire to £1 N.Z. T.T. — 47.89 O.D. — 47.93 Switzerland— Francs to £1 N.Z. T.T. 12.367 11.967 O.D. 12.442 11.977 Holland— Florins to £1 N.Z. T.T. 5.948 5.698 O.D. 5.998 5.702 Java— 5.682 Florins to £1 N.Z. T.T. 5.907 O.D. 5957 5.686 Japan— N.Z. pence to yen 1 T.T. — 17 11-16 O.D. — 17 43-64 Shanghai— N.Z. pence to dollar 1 T.T. 17 7-8 19 3-16 O.D. 19 1-8 India and Ceylon— N.Z. pence to rupee 1 T.T. 22 3-8 O.D. 2214 22 23-32 22 21-32 Hong Kong— N.Z. pence to dollar 1 T.T. 27 28 1-16 O.D. 26 7-8 28 Singapore— N.Z. pence to dollar 1 T.T. 34 3-8 35 5-16 O.D. 34 >/« 3514 Sweden— 15.460 Kroner to £1 N.Z. T.T. 15.790 O.D. 15.830 15.470 Norway— Kroner to £1 N.Z. T.T. 16.201 15.871 O.D. 16.241 15.881 Denmark— Denmark— Kroner to £1 N.Z. T.T. 18.208 17.878 O.D. 18.248 17.888 Austria— Schillings to N.Z. ei T.T. — 20.63 -O.D. — 20.65 Czechoslovakia— 95.01 Crowns to £1 N.Z. T.T. — O.D. — 95.06 -

Oct. 26 Nov. 2. N.Z. Sheep— Canterbury and North Island selected crossbred wethers and maiden ewes: Under 481b d. 51 d. 51 57-641b 4 S 45 65-721b 4< 41 Ewes: Under 481b 31 •>8 48-641b 3 3 65-721b 2J 25 North Island: 48-561b 41 43 57-641b 4 ?' 45 65-721b 4* 41 Australian Sheep— First quality crossbred and/or Merino wethers: 50-601b 31 32 30-501b — — Second quality wethers: 30-501b 31 32 Ewes: 30-501b 31 3.1 Argentine Sheep— First quality crossbred wethers: 48-641b 4g 4« 65-721b 4 4 Patagonian Sheep— Wethers and/or maiden ewes: Under 501b 3} 31 50-601b 31.32 Ewes: 40-501b — — Argentine Lambs— First quality: 361b and under 72 7| 37-421b 71 7 Second quality: Average about 281b 7 6? Patagonian Lambs— First quality: 361b and under 37-421b — ■—• Second quality: Average about 301b 61 65 N.Z. Lambs— Canterbury, first quality: 361b and under 8 8 . 37-421b 8 8 43-501b 71 71 Second quality: Average about 311b 7.1 72 Other South Island— 361b and under 81 8 37-421b 8A 8 43-501b 71 71 Selected North Island, including Downs: 361b and under 37-421b —- 43-501b — —- Second quality: Average about 321b 7i 71 Other North Island, First quality: 361b and under 7f 72 37-421b 7J 72 Second quality: Average about 311b 72 72 Australian Lambs— Victorian first quality: 361b and under 7? 37-421b — 72 Second quality: 361b and under 7:1 Other States; first quality: 361b and under 72 72 All States, third quality: Average about 261b 7 7-2 N.Z. Frozen BeefOx fores (145-2101b) 21 2i Ox hinds (145-2101b) 31 32 Australian Frozen BeefOx hinds (145-2101b) 3? 33 Ox crops (145-2101b) 22 — Argentine Chilled Beef— Ox fores (145-2101b) 2s 2’2 Ox hinds (145-2101b) 52 52 N.Z. Pigs— First quality: 60-801b 6 62 81-1001b 6 62 101-1201b 6 62 Australian Pigs— t First quality: 60-801b 6 62 81-1001b 6 6 101-1201b 6 6

New Zealand Chilled Beef— Ox hinds Ox fores 5 21 4? Australian Chilled Beef— Ox hinds 51 51 Ox crops — —- Union of S. Africa Chilled Beef Ox hinds ”1 51 Ox fores (145-2101b) 21 21 Uruguayan Chilled Beef— Ox hinds (145-2101b) 51 51 Ox fores (145-2101b) 21 21 Brazilian Chilled Beef— Ox hinds — Southern Rhodesian Chilled Beef— Ox hinds (145-2101b) 4g 41 Ox fores ,(145-2101b) 21 2±

London:— i d. d. New Zealand Lambs, Down, 2’s 8.1 84 Secondary Lambs, Down 7g 71 New Zealand Lambs, 2s. 75 84 New Zealand Lambs, 8s. 75 8 New Zealand Lambs, 4s. 74 71 Secondary Lambs 75 71 New Zealand Mutton, small ■45 51 New Zealand Mutton, large 44 41 New Zealand Ewes, small 3 34 New Zealand Ewes, large 24 3 New Zealand Beef, Ox Hinas' (Frozen) 34 e 31 New Zealand Beef, Ox Fores (Frozen) 24 24 Dominion Chilled Hinds 4 2 54 Dominion Chilled Fores 24 21 South American Chilled Hinds 54 64 South American Chilled Fores 21 34 New Zealand Pork 51 64 Australian Lambs (New Season’s) 7 71 Australian Lambs, Superfine Quality •— Argentine Lambs (New Season’s) 647 J Lambs. —Trade is slow owing to heavy