COMMERCIAL

Southland Times, Issue 22731, 6 November 1935, Page 2

COMMERCIAL

THE SHARE MARKET. INVERCARGILL STOCK EXCHANGE. INDUSTRIALS IN MOST DEMAND. The market was steady at yesterday’s call-over on the Invercargill Stock Exchange, the main inquiry being for industrials.

NORTHERN EXCHANGES. ' (Per United Press Association.) Wellington, November 5. Sales on ’Change: Reserve Bank of New Zealand £6 3/-; Mortgage Corporation 5/8 (late Monday); New Zealand Breweries 52/4; Mark Foy 21/9 (3); Mick Simmons 18/-; Hays, Ltd. 16/3; Beath and Company 28/8; Mount Lyell 20/- (odd lot). Sales on ’Change: Bank of New South Wales £33; Bank of New Zealand 50/9, 50/10; Reserve Bank of New Zealand £6 3/6; New Zealand Insurance 62/6; South British Insurance 88/-, 88/3; Dalgety and Company £8 1/9; Guarantee Corporation 5/-; United Building Society (Auckland) 26/6; New Zealand Breweries 52/3; Anthony Hordern 19/-; Broken Hill Proprietary 58/-; Farmers’ Trading 7/3; Farmers’ Trading (B pref.) 14/6; Farmers’ Fertilizer 19/3; New Zealand Drug 77/6; Peters’ Ice Cream (New Zealand) 25/3; Mataki 2/3; Waihi Investments 17/-; Placer Development £4 19/-- , Unofficial: Astral Products 12/6; Woolworths (Sydney) £5 11/6, £5 11/9, £5 12/--' , r Christchurch, November 5. Unlisted sale on ’Change: Woolworths, Sydney (oid.) £5 11/9. Sales on ’Change: New Zealand Guarantee Corporation 5/2; New Zealand Breweries 52/1, 52/4, 52/7, 52/8; Dunlop Perdriau Rubber 16/7 (2); Electrolytic Zinc (ord.) 34/- (2), 34/3; G. J. Coles 64/9 (2); Hays, Ltd. (15/paid) 16/-; New Zealand Drug Company 77/6; Big River 1/11 (3); Maerewhenua IJd.; Mount Lyell 20/2 (2), 20/3 (3), 20/2; Mount Morgan 37/3; Rawang Tin 8/4, 8/5 (3). Sales reported: Rawang Tin 8/4; Mount Lyell 20/-, 20/1; Goldfields Dredging 3d. (3); Bendigo Goldlights 4d.; New Zealand Refrigerating (10/paid) 11/- (2); National Bank of New Zealand 72/-; Southland Frozen Meat 79/6. Dunedin, November 5. Sales on ’Change: New Zealand Refrigerating (cont.i 11/- (late Monday); Westport Coal £1 2/6; Electrolytic Zinc (ord.) £1 14/3: Mount Morgan Developments 2/8; Okarito 5/-.

MORRIS HEDSTROM, LTD. DIVIDEND DECLARED. (Per United Press Association.) Wellington, November 5. Morris Hedstrom, Ltd., have declared an interim dividend of 21- per cent., payable on ordinary shares on December 31. CLAUDE NEON LIGHTS. FINAL DIVIDEND OF 4 PER CENT. (Per United Press Association.) Auckland, November 5. A final dividend of 4 per cent., making 8 per cent, for the year, is recommended by the directors of Claude Neon Lights (New Zealand) Ltd., lor the six months ended September 30. Last year the company paid an interim dividend of 4 per cent., and a final dividend of 6 per cent., making a total of 10 per cent. LORNEVILLE SALE. FAT CATTLE VALUES HOLD. BIG YARDING OF STORE SHEEP. Another big yarding, although not as big as last week’s, in the fat cattle section, a drop in fat sheep values, and the biggest yarding of store sheep for years and consequent easing in prices were the features of the Lorneville stock sale yesterday. The quality of the fat cattle was good, although perhaps not as consistent as it was last week, and there was little if any change in values. Fat sheep eased by about 1/- to 1/6 a head all round. Yesterday’s yardings and those of last week were as follows: —

Yesterday’s yarding included 35 daily cows, 6 bulls and 40 fat lambs. Store Sheep. The much bigger entry comprised mostly ewes and lambs. Most of the ewes were not forward in condition, although they had good lambs at foot. A line of ewes and lambs made 15/all counted for Mr M. Milbum (Waianiwa), and four hoggets sold on account of Mr T. G. McNeil, of Thornbury, brought 20/-. Dalgety and Co. sold.—On account of W. C. Cunningham (Grove Bush) 23 wethers at 11/6, 20 ewes at 14/10; Johnston Hall (Dipton), 56 ewes and lambs at 9/3, 61 ewes and lambs at 9/2; M. Milburn (Waianiwa), 25 ewes and lambs at 15/-. The National Mortgage and Agency Co. of New Zealand, Ltd., sold.—On account of A. McCulloch 49 ewes and lambs at 11/-; M. Bruland (Oporo), 73 ewes and lambs at 11/3; J. Caulfield 54 wether hoggets at 18/-. Wright, Stephenson and Co., sold.—On account of A. Fraser (Wallacetown), 28 ewes and lambs at 14/- all counted; Nicholas Maloney (Makarewa), 83 ewes and lambs at 13/5; client (Invercargill), 83 ewes and lambs at 9/-. The Southland Farmers’ Co-operative Association, Ltd., sold.—On account of

M. McDonald (East Road), 14 dry ewes at 12/-, 10 ewes and lambs, at 10/1, T. G. McNeil (Thornbury), 4 hoggets at 20/-. Henderson and Co. sold.—On account of a client (Myross Bush), 69 ewes and lambs at 13/6. Fat Sheep.

The fat sheep entry was a good one, but except for a few good pens the quality was a little below last week’s standard. Interest was not so keen and values eased by about 1/- to 1/6 in all grades. The best price for wethers went to Mr D. Teviotdale, of Isla Bank, who got 32/9 for a line. Mr J. Mollison (Isla Bank) obtained 31/3 for some of his ewes, Mr Teviotdale being next with 28/-. There were some good quality lambs entered. The best price, 28/6, was obtained by Mr J. Robertson, of Waikiwi, for two of a line of’ 12. Mr R. Swan (Wrights Bush) was second on the list, getting 28/3. Good quality woolly wethers made up to 32/9, medium from 28/- to 29/6, light and unfinished down to 24/-, prime heavy shorn wethers from 25/- to 27/6, good quality from 23/- to 24/6, medium from 20/- to 22/-, and light and unfinished sorts down to 17/-. Prime heavy young woolly ewes made from 26/- to 31/3, prime heavyweight from 24/- to 25/6, good quality from 22/- to 23/6, medium from 21/- to 22/3, light and unfinished down to .16/-. Prime shorn young ewes brought from 20/6 to 22/6, good quality from 18/6 to 20/-, and light and unfinished down to 15/6. Fat lamb prices ranged from 25/- to 28/6 for heavyweights, 22/- to 24/- for good quality, 20/- to 21/6 for medium sorts and down to 16/- for smaller lambs. , A The National Mortgage and Agency Co. of New Zealand Ltd. sold:—On account of J. Robertson (Waikiwi), 2 lambs at 28/6, 1 at 28/- 1 at 27/- 2 at 26/9, 1 at 26/3, 1 at 24/6, 1 at 23/-, 1 at 22/6, 1 at 22/3, 1 at 22/-; R. Gill (Rval Bush), 7 shorn wethers at 27/6, 8 at 27/-; G. Braid (Ryal Bush), 10 ewes at 24/6, 9 at 22/6, 10 at 21/3, 6 at 21/-, 6 at 20/9; A. Fowler (Branxholme), 12 shorn wethers at 25/-, 7 shorn ewes at 21/-, 4 at 20/9, 12 at 17/-; Stalker Bros. (Drummond), 16 ewes at 22/3. The Southland Farmers’ Co-operative Association, Ltd., sold: —On account of J Hargest (Rakauhauka), 8 ewes at 20/6: L. P. McNeil (Thornbury), 10 ewes at 25/-; T. G. McNeil (Thornbury), 3 ewes at 23/6;' Alex McKenzie (Wrights Bush), 11 ewes at 26/-, 8 at 20/3- J. E. McKenzie (Wrights Bush), 4 ewes at 22/-; client, 7 ewes at 16/9; D Teviotdale (Isla Bank), 9 wethers at 32/9, 3 ewes at 28/-, 10 at 24/3, 8 at 27/9: client, 10 ewes at 20/6, 7 at 19/6, M’ Summers (Mokotua), 11 wethers at 24/3, 8 at 26/-, 13 ewes at 19/9; J. G. Murphy (Kennington), 7 wethers at 19/6, 3 at 17/-; Robert Swan (Wrights Bush), 2 lambs at 24/6, 3 at 22/6, 1 at 22/3, 1 at 28/3, 3 at 23/6; H. Pinkney (Waimatuku), 2 lambs at 11/-, 10 ewes at 27/6, 12 at 25/9, 12 at 24/-, 6 at 24/6 James Mollison (Isla Bank) 8 ewes at 31/3 10 at 24/-, 10 at 27/6, 11 at 25/-, W. McCullough (Spar Bush), 6 ewes at 20/-, 1 at 13/-; client, 2 hoggets at 27 Wright, Stephenson and Co. sold:—On account of S McCosh (Mabel Bush), a pen of fat lambs at 20/-, 3 at 16/-; W. J. Scott (Clifden), 18 shorn wethers at 23/-; J. C. South (Hedgehope)' 7 wethers m 29/3, 6 at 31/-; Price Bros. (Waikiwi), 10 ewes at 2a/-, 2 at 15/-, a pen of wethers at 25/9; Nicholas Maloney (Makarewa), a pen of ewes at 21/-. The Loan and Mercantile Agency Co Ltd., sold: —On account of Russell Giii (Ryal Bush), 19 wethers at 25/6, 10 at 23/-, 10 at 26/-, 1 ewe at 20/-; A. J. Marshall (Lorneville), 3 lamos at' 23/3, 2 at 27/6, 4 ewes at 13/-; client, 6 wethers at 24/-, 10 at 25/6. Dalgety and Co., sold:—On account of W. Forde (Isla Bank), 7 wethers at 30/-; T. Duff (Longbush), 3 ewes at 23/6; client, a truck of wethers at 24/-. Henderson and Co. sold:—On account of J. Steel (West Plains), 10 ewes at 23/-, 10 at 22/-; J. Murphy (Kennington), 10 wethers at 18/6. Store Cattle. The yarding in this section was the biggest at Lorneville for some years and it included some good lines of steers. The supply was too big, even though there was a good representation of buyers and prices fell away from last week’s levels. The top price, £6 12/6, was paid for a pen of 22 three and four-year-old steers. A further 32 three-year-old steers of the same consignment made £5 16/-, and 17 of the same age £5 9/-. Sixty-four two-year-olds brought £4 5/-, and yearlings made from £1 9/- to £2 15/-. Empty cows made up to £2 10/-, a pen of Herefords bringing £2 9/-. Wright, Stephenson and Co., sold:— On account of L. G. Macalister (Kauana), 15 steers at £2 10/-, 15 cows at £2 9/-, 18 heifers at £2 2/6; client, 14 steers at £3, 3 heifers at £3, 22 steers at £6 12/6, 64 at £4 5/-, 17 at £5 9/-, 32 at • £5 16/-; Cecil Cunningham (Grove Bush), 3 cows at £2 2/-, 3 at £1 15/-, 1 cow and calf at £1 17/6; J. Ferguson (Underwood), 1 empty cow at £1; T. A. Fleming (Tussock Creek), 1 steer at £5 16/-.

The Southland Farmers’ Co-operative Association, Ltd., sold:—On account of George Robertson (Lorneville), 1 cow at £1 11/-; M. Hughes (Makarewa), 1 co.w at 16/-; R. Russell (Waikiwi), 6 cows at £1 16/-.

Henderson and Co. sold:—On account of Wilson (Ryal Bush), 1 heifer at £2 2/-, 1 cow at £3 17/6, 1 at £3 10/-, 1 cow passed; client (Grassmere), 1 cow at 19/-, 4 heifers passed; R. Russell (Waikiwi), 12 cattle passed; Mrs S. Scully (Mill Road), 1 cow at £2 10/-; client, 2 cows passed. The Loan and Mercantile Agency Co., Ltd., sold:—On account of a client, cow and calf at £1 10/-, 2 heifers at £2 15/-. The National Mortgage and Agency Co. of New Zealand, Ltd., sold:—On account of clients, 12 empty heifers at £3 3/-, 3 steers at £3 16/-, 15 at £1 18/-, 10 at £3 12/6, 20 empty cows from £1 10/- to £2 10/-. Fat Cattle. Although it was not as big as last week’s exceptional yarding, the entry in this section was a good one and included some good quality cattle of all grades. Some of the entries were easily the fattest seen at yards so far this season. Although the quality was perhaps not as consistent as it was last week, there was very little if any difference. The market did not open brightly, but it improved appreciably over the last race or two and there was little or no change from last week’s rates.

The top prije, £l4 17/6, was offered for a very prime bullock entered by a client of Henderson and Co., but the whole truck-load was passed. Mr F. Young, of Waianiwa, got £l3 for two bullocks of his line of good cattle. There were several good lines entered, including one from Mr A. S. Holms’s Wairnahaka Estate. It comprised heifers and cows, the latter bringing up to £9 12/6. Prime heavyweight bullocks made up to £l4 17/6, prime quality handyweights from £lO 5/- to £ll 10/-, medium weights from £9 to £9 15/-, and lighter weights down to £B. Prime quality heifers brought up to £lO 15/-, prime quality handyweights from £9 to £9 15/-, lighter weights from £7 10/to £8 10/-, smaller and unfinished down to £5 10/-. Prime heavy cows made up to £9 12/6, good quality from £7 10/- to £8 10/-, medium from £6 to £6 15/-, unfinished from £4 10/- to £5 5/-, and aged and inferior down to £2 5/-. , The Southland Fanners Co-oper-ative Association, Ltd., sold: —On account of Mrs A. L. Whyte (Te Tua), 1 bullock at £lO 15/-, 1 at £lO 10/-, 2 at £lO, 1 at £lO 7/6; T. Miller (Taramoa), 3 heifers at £6, 1 at £6 5/-; A.

Miller (Taramoa), 1 bullock at £9 10/-, 1 at £11; H. McCall (Wallacetown), 1 heifer at £5 17/6, 1 at £5 15/-; W. Lindsay (Wallacetown), 1 heifer at £5 10/-, 1 cow at £6 12/6, 1 at £4 15/-; J. S. and W. E. Hazlett (Invercargill), 2 bullocks at £ll 10/-, 1 at £9 17/6, 1 at £9 7/6, 2 heifers at £6 7/6, 1 at £5 15/-, 1 at £7 7/6, 2 at £6 15/-; McEwan Bros. (Tuatapere), 1 bullock at £ll 17/6, 1 at £lO 17/6, 2 at £lO, 2 at £9 12/6, 2 at £8 5/-; McKenzie Bros. (Fortrose), 2 heifers at £6 2/6, 2 at £4 7/6, 1 cow at £7 15/-; J. Young (Tuatapere), 1 bullock at £lO 10/-, 2 at £l3, 2 at £ll. The National Mortgage and Agency Co. of New Zealand, Ltd., sold:—On account of J. Calder (Morton Mains), 4 bullocks at £ll 5/-, 4 at £lO 12/6; J. Ford (Makarewa), 1 cow at £5 2/6; J. Hall, 2 cows at £2 7/6, 1 heifer at £5 10/-; A. Ericson (Fortrose), 2 steers at £lO 5/-, 3 at £9 5/-, 1 cow at £5 15/-, 1 at £3 17/6, 1 at £2 15/-, 1 at £2 12/6; client, 2 heifers at £lO 15/-, 1 at £lO 12/6, 1 at £lO 10/-, 1 at £9 17/6, 4 at £9 12/6, 1 at £9. The Loan and Mercantile Agency Co., Ltd., sold:—On account of A. S. Hohns (Waimahaka), 1 heifer at £7 5/-, 1 at £7 7/6, 1 at £7 10/-, 2 cows at £9 12/6, 1 at £7 5/-, 1 at £7 10/-, 2 at £6 10/-; client, 1 bullock at £7 7/6, 1 at £9 12/6, 1 at £B, 1 at £lO, 1 at £8 17/6, 1 at £lO 12/6. Wright, Stephenson and Co. sold:— On account of J. G. Macalister (Kauana), 3 cows at £3; O. Zwies (Browns), 2 cows at £8 15/-, 1 at £7 15/-, 1 at £7 10/-, 1 at £7 2/6, 1 at £6 10/-; W. Fosbender (Invercargill), 2 heifers at £9, 1 bullock at ,£8 12/6, 1 at £8 5/-, 1 at £7; T. Miller (Taramoa), 1 heifer at £6 5/-, 1 at £6; client (Invercargill), 1 bullock at £lO 12/6, 1 cow at £6 17/6, 4 at £4 2/6; McKenzie Bros. (Fortrose), 3 heifers at £5 17/6, 2 at £5 5/-. Henderson and Co. sold:—On account of G. J. Birch (Kapuka) a truck of bullocks, passed; client, truck of cattle passed, the highest bid being £l4 17/6. Dairy Cows. The dairy cows were a mixed lot and did not attract a great deal of interest. The best cows brought up to £4 7/6, £4 10/- and £4 17/6. The National Mortgage and Agency Co. of New Zealand, Ltd., sold:—On account of client, 1 cow at £4 17/6, 1 at £3 7/6, 1 at £3 10/-, 1 at £2 17/6, 1 at £2 5/-, 1 at £2, 1 at £1 10/-. Dalgety and Co. sold:—On account of a client, 3 heifers at £3, 1 cow at £4 7/6, 1 at £4 10/-, 1 at £2 15/-; client, 1 bull at £3. The Southland Farmers’ Co-operative Association, Ltd., sold:—On account of H. Steers (Toa), 1 cow at £l, 1 at £1 12/6; G. Gray (Wallacetown), 1 heifer at £4 10/-.

Government Stock, 3J p.c., 1938-52 Debentures. Buyers. Sellers. £ 104 s 5 d 0 £ s d Stock, 3i p.c., 1939-43 102 10 0 ■II-'' Stock, 34 p.c., 1939-52 104 5 0 Stock, 4 p.c., 1940 101 10 0 Bonds, 4 p.c., 1940 101 10 0 ■ ' - Stock, 4 p.c., 1946 104 0 0 — Bonds, 4 p.c., 1946 104 0 0 — Stock, 4 p.c., 1949 105 0 0 — Bonds, 4 p.c., 1949 105 0 0 ——- Stock, 4 p.c., 1955 108 0 0 ———■ Bonds, 4 p.c., 1955 108 0 0 — Banks. Australasia 11 2 6 — National of New Zealand 3 11 6 — New South Wales 32 5 0 — New Zealand — 2 11 3 New Zealand Long “D” issue — 1 14 0 Reserve Bank of New Zealand 6 0 0 — Union of Australia i 9 5 0 9 10 0 Breweries. New Zealand Brewcries (Shares) 2 12 0 2 12 3 Staples’ Brewery 1 12 0 — Coal. West port Coal 1 2 4 — — Westport Stockton (pref.) - 0 4 0 Insurance. National 0 19 4 — Loan and Agency. National Mortgage — 2 14 6 Wright, Stephenson and Co. (ord.) — 0 18 6 Mortgage Corporation 0 5 6 0 5 9 Meat Companies. N.Z. Refrigerating (20/- paid) 1 2 2 — (10/- paid) 0 10 10 0 11 3 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. Huddart-Parker (pref.) 1 7 6 — Union Steam Ship 1 Co. (pref.) 1 7 0 — Miscellaneous. Dominion Fertilizer 1 3 0 — D.I.C. (pref.) 1 3 0 — Dominion Rubber Co. 1 4 0 1 8 6 Milburn Lime and Cement 2 4 3 2 4 9 New Zealand Drug 3 17 0 4 0 0 N.Z. Farmers’ Fertilizers — 0 19 3 N.Z. Paper Mills 1 8 0 1 10 0 Wilson’s (N.Z.) Portland Cement 2 2 6 — Wool worths (Sydney) 5 11 0 — Woollen Mills. Bruce (ord.) — 0 15 0 Kaiapoi (pref.) — 0 19 0 Mosgiel — 10 10 0 Mining. Bendigo Goldlight — 0 0 Broken Hill Pty. — 2 16 9 Big River 0 111 — Central Shotover — 0 0 2 Gillespie’s Beach — 0 1 2J Kildare ■ ■ —— 0 3 0 King Solomon — 0 3 5 Mount Lyell 0 19 3 — Mount Morgans 1 17 0 1 17 6 Nevis Diesel — 0 0 2 Nokomai 0 1 0 — Okarito 0 4 6 0 5 6 Skippers — 0 0 3 Waitahu 0 2 11 — Waipapa Beach 0 1 5 — Martha 1 1 0 1 1 9

Nov. 5 Oct. 29. Store cattle 471 187 Fat cattle 135 182 Store sheep 788 258 Fat sheep 687 629