COMMERCIAL

Southland Times, Issue 22761, 11 December 1935, Page 3

COMMERCIAL

THE STOCK EXCHANGE. YESTERDAY’S QUOTATIONS. At yesterday’s call-over on the Invercargill Stock Exchange the following prices were quoted:— Government Debentures.

NORTHERN EXCHANGES. (Per United Press Association.) Auckland, December 10. Sales on ’Change: Stock 1939-43 £lO2 10/-; Stock 1932 £lO2 10/-; Stock 193853 3| per cent. £lO2 10/—; Stock 193943 3g per cent. £lO2 10/-; Bank of Australasia £ll 4/-; Commercial Bank of Australia 17/11, 17/10; Bank of New South Wales £32 7/6; Bank of New Zealand 48/-, 48/2; South British Insurance 92/6; Dalgety £8 9/-; Farmers’ Auctioneering (B pref.) 21/6; Auckland Gas 26/9; Dominion Breweries 17/7 (2); New Zealand Breweries 52/6, 52/9; Broken Hill Proprietary 58/-; Colonial Sugar £42 (2), £42 2/5; Electrolytic Zinc 34/9; Farmers’ Trading 7/6; ditto (B pref.) 14/7; G. J. Coles 65/6; New Zealand Newspapers 40/9; Wilson’s Cement 43/-; Blackwater 33/-; Gillespie’s Beach 1/04; King Solomon 3/5; Talisman Dubbo 10/9; Waihi Investments 14/6. Unofficial List.—National Tobacco 67/6; Woolworths (Sydney) £5 17/9. Wellington, December 10. Sales on ’Change.—Bank of Australasia £ll 5/- (late Monday); E. S. and A. Bank £5 11/- (2); Bank of New South Wales £32 10/- (2); Bank of New Zealand 47/9; Union Bank £9 8/6 (2); New Zealand Insurance 63/9; South British Insurance 92/6; Westport Stockton (pref.) 2/-; British Tobacco 39/3; Colonial Sugar £42 2/6 (late Monday), £42 5/-, £42 7/6; Procera Bread (vendor) 47/6. 46/-; Mount Morgan 36/5.

Christchurch, December 10. Unlisted sales on ’Change: Argo Gold Dredging 1/31 (3). Sales on ’Change: New Zealand Government 4 per cent. Inscribed, 1952-1955, £lO7 5/-; National Bank of Australia (£lO paid) £l3 19/- (2); Bank of New Zealand 48/3; New Zealand Insurance £3 3/-; Goldsbrough Mort (cum div.) 32/-, 32/1, 32/-; Mortgage Corporation 5/4; New Zealand Refrigerating (10/- paid) 10/7 (odd lot); Christchurch Gas 36/2; New Zealand Breweries (cum div.) 53/3; Broken Hill Proprietary 57/9 (2), 57/8; Kauri Timber (cum div.) 24/1; United Provisions 12/7; Mount Morgan 36/-; Skippers 2i'd. . Sales reported: Commercial Bank of Sydney £l7 15/-; National Bank of New Zealand (cum div.) 72/6; Bank of New South Wales £32 10/-; Kaiapoi Woollen (7/- paid) 7/3; Quill Morris (in liquidation) 5/-; Mount Morgan 36/3. Dunedin, December 10. Sales reported: English, Scottish and Australian Bank £5 12/- (late Monday); Stock, 4 per cent., 1943-1946, £lO4 15/-; Stock, 4 per cent., 19461949, £lO5 (2); Bank of New Zealand £4B (after last call); Mount Lyell 20/9 (after last call). Unlisted sale reported: Woolworths (Sydney) £5 17/9.

SYDNEY STOCK EXCHANGE. FAIRLY STRONG TONE. (United Press Assn.—Telegraph Copyright.) t (Rec. 9.0 p.m.) Sydney, December 10. On the Stock Exchange to-day there I was more activity, the tone of the market being fairly strong. Retail company shares attracted attention, but little was doing in the gold share department. Sales were:—

AUCKLAND WOOL SALE. AVERAGE OF £l2 2/- A BALE. (Per United Press Association.) Auckland, December 10. Official figures in connection with the Auckland wool sale held on November--26 are as follows: Bales offered 20,961; sold, 19,947. Total weight sold 6,965,397 lb; value, £240,154; average per bale £l2 2/-; average per pound, 8.27 d. SYDNEY WOOL SALES. KEEN JAPANESE DEMAND. (United Press Assn.—Telegraph Copyright.) (Rec. 10.20 p.m.) Sydney, December 10. At the wool sales 12,960 bales were offered and 11,655 sold, 1179 were sold privately. There was keen general competition, from Japan particularly. The market X’lW firm at the previous day’s rates

for all descriptions. Greasy Merino made up to 24d. MT.LBOVRNE WOOL SALES. VALUES FIRM. (United Press Assn.—Telegraph Copyright.) Melbourne, December 10. At the wool sales there was ready competition and values were generally firm on the levels current in other centres last week. FOREIGN EXCHANGES. (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, December 9. The following mean closing rates of foreign exchanges were quoted to-day

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 London—

OTAUTAU SALEYARDS COMPANY. ANNUAL REPORT. (From Our Correspondent.) Following is the thirty-eighth annual report of directors to be submitted at the meeting of shareholders on Friday evening.— As forecasted last year good yardings have been maintained throughout the season, it being the largest for many years. Yard dues amounting to £269 2/1 have been received for stock put through the yards, the total head handled being 74,827. The sale of sundries was also well maintained. Every effort was made by the directors to give all necessary assistance and accommodation at the larger sales, resulting in all sales being completed in good time and to the satisfaction of the buyer and vendor alike. The ..repair account is low, due to the necessity for

economy for this year, but provision has been made to have all necessary repair work brought up to a good standard during the coming season. The directors recommend the advisability of employing an extra man during the March, April and May sales to assist with the yarding and help with the provision of extra pens for these sales. Tire necessity of holding weekly instead of fortnightly sales during the busy season is also under consideration, and will come up for discussion at the annual meeting. The directors recommend a dividend of 10 per cent. Shareholders will require to elect two directors, those retiring being Messrs G. A. Burnett and A. A. Fisher, who are eligible and offer themselves for re-election. The auditor, Mr John Fisher, also retires but is eligible for reappointment.

METAL QUOTATIONS. (United Press Assn.—Telegraph Copyright.) (Rec. 9.0 p.m.) London, December 9. Metals are quoted as follows:—

£ s d Buyers. Stock, 31 p.c., £ s d Sellers. 1938-43 103 0 0 Stock, 31 p.c., 1938-52 102 0 0 — Stock, 31 p.c., 1939-43 103 0 0 Stock, 31 p.c., 1939-52 107 0 0 Stock, 4 p.c., 1940 102 15 0 . — Bonds, 4 p.c., 1940 102 0 0 Stock, 4 p.c., 1946 104 5 0 105 5 0 Bonds, 4 p.c., 1946 104 5 0 Stock, 4 p.c., 1949 104 15 0 105 5 0 Bonds, 4 p.c., 1949 104 15 0 — Stock, 4 p.c., 1955 107 0 0 107 10 0 Bonds, 4 p.c., 1955 107 0 0 107 10 0 Banks, Commercial 0 18 1 — E. S. and A. Bank 5 11 0 ——. National of New Zealand 3 13 0 New South Wales 33 0 0 New Zealand 2 9 0 Reserve Bank of New Zealand 6 0 0 Union of Australia 9 14 0 Breweries. New Zealand Brewcries (Shares) 2 12 0 2 13 3 Tooth’s Brewery 2 13 0 2 15 0 Coal. Kaitangata 116 — Westport Coal 12 3 Westport-Stockton (pref.) 0 2 8 Insurance. National 0 19 3 0 19 10 New Zealand 3 3 0 — Loan and Agency. Goldsbrough, Mort and Co. — 1 11 3 Wright, Stephenson (pref.) 10 0 Mortgage Corporation 0 5 3 0 5 6 Meat Companies. N.Z. Refrigerating (20/- paid) 119 12 3 (10/- paid) 0 10 10 Shipping. P. and O. Stock 110 — Miscellaneous. Australian Glass 4 5 0 Electrolytic Zinc (ord.) 1 14 0 1 15 0 D.I.C. (pref.) 14 0 Dominion Fertilizer 13 6 — Dominion Rubber Co. 17 6 Dunlop Rubber (Aust) 0 16 1 Milburn Lime and Cement 2 4 9 New Zealand Drug 3 19 6 — Otago Daily Times 2 17 0 Wilson’s (N.Z.) Portland Cement 2 2 6 2 3 6 Woolworths (Sydney) 5 17 6 — Woollen Mills. Mosgiel 10 0 0 Oamaru « 1 1 9 - Bruce 0 14 0 Mining. Bell Kilgour 0 0 Oil Bendigo Goldlight 0 0 31 Big River 0 19 0 1 11 King Solomon 0 3 3 0 4 0 Gillespie’s Beach 0 12 Mount Lyell • 113 Mount Morgans 1 15 0 - Nokomai 0 3 0 Okarito 0 5 7 0 6 0 Skippers 0 0 31 Waipapa Beach 0 16 —

£ s d Bank of New South Wales 32 If 0 National Bank (£5 paid) 7 0 0 United Insurance 11 12 6 Mercantile Mutual Insurance 1 8 9 Associated News 1 4 6 Associated News (pref.) 1 3 7J British Tobacco 1 19 6 Tooth’s Brewery 2 15 6 Australian Glass 4 4 6 Dunlop Perdriau Rubber 16 0 Australian Gypsum 18 41 Newcastle Gas (A) 13 3 Newcastle Gas (B) 13 4 Goldsbrough Mort 1 12 3 Carson 1 10 6 Millaquin Sugar 1 16 0 Fairymead Sugar 1 19 6 Farmers’ 1 7 6 Anthony Hordern 19 10J Sargeant’s 1 3 6 Meggitt’s Meal 1 3 9 Richardson and Wrench 1 10 0 Neon Lights 2 14 3 Pitt, Son and Badgery 1 19 6 Woolworth’s (first pref.) 1 19 6 Wunderlich 1 1 6 United Provisions 12 6 Automatic Totalisators 1 0 3 Howard Smith 18 9 Mount Morgan 1 16 3 Mount Lyell 1 1 0 Broken Hill Proprietary 2 18 3 South Broken Hill 6 1 North Broken Hill 8 18 0 Zinc Corporation 3 19 6 Rawang Tin 8 9 New Occidental 14 6 Tavua 3 6 Emperor 16 3 Mataki 3 9 Melbourne Sales. Commercial Bank of Australia 18 3 National Bank (£5 paid) 14 0 Herald and Times 3 3 3 British Tobacco 2 0 0 Gordon and Gotch 2 6 0 J. G. Coles 3 5 6 Loloma 1 13 9 Emperor 16 8 Korore 8 3 Enterprise 3 10 0

compared with par:— Par. To-day. Paris, fr. to £ 124.21 74 47-64 New York, dol. to £ 4.886 4.92 15-16 Montreal, dol to £ 4.886 4.983 Brussels, belgas to £ 35 29.241 Geneva, fr to £ 25.221 29.26 Amsterdam, fl. to £ 12.107 15.21 Milan, lira to £ 20.43 60f Berlin, rmk to £ 24.42 12.28 Stockholm, kr. to £ 18.159 19.391 Copenhagen, kr. to £ 18.159 23.391 Oslo, kr. to £ 19.159 19.095 Vienna, schgs to £ 34.585 253 Prague, kr. to £ 164.25 1185 Helsingfors, m. to £ 193.23 2265 Madrid, pesetas to £ 25.2215 36 1-32 Lisbon, escudos to £ 110 1103 Athens, dr. to £ 875 520 Bucharest, lei to £ 818.6 629 Belgrade, dinars 275.31 216 Rio de Janeiro, p. to milreis 8.892 41 Buenos Aires, p. to dol 45.557 15 Montevideo, p. to dol. 57 39 9-16 Bombay, p. to rupee 10 185 Shanghai, p. to dol. . 14 9-16 Hong Kong, p. to. dol. 17 Yokohama, p. to yen 24.57 14 Batavia — 7.221

£N.Z. to £100stg T.T. 124 123/10/ 124/10/124/8/9 OD. 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— Dollars to £1 N.Z. T.T. 3.98% 3.95 O.D. 4.00 3.95% Montreal — Dollars to £1 N.Z. T.T. 4.03 18 3.99 5-8 O.D. 4.04 3-8 4.00 1-8 France— Francs to £1 N.Z. T.T. 60.69 59.39 O.D. 60.99 59.44 Noumea— Francs to £1 N.Z. T.T. 61.64 58.64 O.D. 62.04 58.69 Papeete— Francs to £1 N.Z. T.T. 61.64 58.64 O.D. 62.04 58.69 Belgium— Belgas to £1 N.Z. T.T. — 23.207 O.D. —— 23.222 Germany— Reichmarks tc £1 N.Z. T.T. 9.654 O.D. —— 9.659 Italy— Lire to £1 N.Z. T.T. —— —- O.D. — —— Switzerland— Francs to £1 N.Z. T.T. 12.445 12.045 O.D. 12.520 12.055 Holland— Florins to £1 N.Z. T.T. 5.986 5.736 O.D. 6.036 5.740 Java— Florins to £1 N.Z. T.T. 5.923 5.698 O.D. 5.973 5.702 Japan— N.Z. pence to 1 yen T.T. —- 17 21-32 O.D. •— 17 41-64 Shanghai— N.Z. pence to 1 dollar T.T. 17 13-32 18 23-32 O.D. 17 9-32 18 45-64 India and Ceylon— N.Z. pence to 1 rupee T.T. 22 3-8 22 23-32 O.D. 22% 22 21-32 Hong Kong— N.Z. pence to 1 dollar T.T. 19 11-16 20 15-16 O.D. 19 9-16 20 29-32 Singapore— N.Z. pence to 1 dollar T.T. 34 3-8 35 5-16 O.D. 34% 35% Sweden— Kroner to £1 N.Z. T.T. 15.790 15.460 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— Kroner to £1 N.Z. T.T. 18.208 17.878 O.D. 18.248 17.888 Austria— Schillings to £1 N.Z. T.T. —— 20.63 O.D. —— 20.65 Czechoslovakia— Crowns to £1 N.Z. T.T. 95.01 O.D. — 95.06

Dec. 6. Dec. 9. £ s d £ s d Standard, spot 35 11 10J 35 16 3 Forward 36 1 3 36 6 101 Electrolytic 40 0 0 40 5 0 to 40 5 0 40 15 0 Wire bars 40 5 0 40 15 0 Lead — Spot 17 17 6 17 11 3 Forward 17 17 6 17 11 3 Spelter— Spot 15 8 9 15 12 6 Forward 15 16 3 15 18 9 TinSpot 222 17 6 221 5 0 Forward 212 12 6 210 12 6 Silver— Fine, per oz. 29 3-16d 283d Standard, ver oz. 31Jd 31 l-16d