Commercial

Southland Times, Issue 22948, 22 July 1936, Page 3

Commercial

SHARE MARKET INVERCARGILL STOCK EXCHANGE BANKING SECTION STILL QUIET The firm inquiry for Government securities continued at yesterday’s callover on the Invercargill Stock Exchange. The banking section was still very quiet, and shares in leading industrial companies remained fairly stationary. , ( A sale was reported of Gillespie s Beach scrip at 1/1. Prices were quoted as follow:—

NORTHERN EXCHANGES SALES ON ’CHANGE

SYDNEY STOCK EXCHANGE PASTORAL SHARES FIRMER. (United Press Assn.—Telegraph Copyright.) (Rec. 8.40 p.m.) Sydney, July 21. The improvement in the outlook for a trade agreement with Japan was reflected to-day on the Stock Exchange in the firming of the prices of pastoral company shares.

Melbourne Sales. Bonds were easier and industrials were firmer; Broken Hills were in better demand, on higher metal prices, and gold-mining was quiet and

GORE STOCK SALE A GOOD INQUIRY. The fortnightly Gore stock sale was held yesterday, when a moderate entry of sheep and cattle, mostly fats, were penned. In the sheep section fat wethers brought up to 27/-. Ewes realized up to 24/9. Prime heavy bullocks changed hands at from £7 17/6 to £9 and medium weights down to £5 7/6. In the fat cow section an exceptional beast brought £9 5/-, this being top price for the sale. Sales were:— Southland Farmers’ Co-operative Association Ltd.: 10 store ewes at 6/-; 1 fat cow at £9 5/-; 2 fat bullocks at £7 17/6. J. E. Watson and Co., Ltd.: 2 fat bullocks at £9, 2 at £B. National Mortgage and Agency Co., Ltd.: 1 fat bullock at £5 7/6. Passed in: 2 cows. Dalgety and Co., Ltd.: 2 fat steers at £9; 1 fat cow at £7 7/6; 1 store steers at 35/-; 19 fat ewes at :.8/9. Wright, Stephenson and Co., Ltd: 22 fat ewes at 18/3, 10 at 17/-; 20 fat wethers at 27/-, 20 at 27/-, 18 at 27/-; 9 fat ewes at 24/9; 1 fat heifer at £8 10/-, 2 at £6 15/-, 2 at £6 5/-. CANTERBURY PRODUCE MARKETS NO INTEREST IN POTATOES. (United Press Association.) Christchurch, July 21. All interest in the potato market appears to have died for the present, and business is almost at a standstill. Quotations from southern ports of 80/- have stifled business here, and, in any case, there appears to be no demand from the north. Fairly heavy consignment lots have gone forward, and farmers are offering more freely, but there is little interest. The nominal quotation for white is £2 10/- to £2 15/- a ton, on trucks, and for Dakotas about 7/6 more. The price of pollard has been lowered by 10/- a ton, but bran is unchanged. Bran is worth £4 15/- a ton and pollard £5 15/-, for large sizes. Fowl wheat is a little firmer, and good whole is worth 4/2, a slight improvement. There is no great demand, but sellers are not disposed to come any lower. . . A certain amount of chaff is being shipped to the North Island, and the market until to-day, when, there was an indication of a slight easing, has been firm. Oats are also steady, with no great trade. THE WOOL MARKET BRADFORD QUIETER. (United Press Assn.—Telegraph Copyright.) (Rec. 5.5 p.m.) London, July 20. The Bradford wool market is quieter after last week’s substantial buying. Top-makers are well placed for their present orders, and prices are firm. FOREIGN EXCHANGES (British Official Wireless.) (Rec. 5.5 p.m.) Rugby, July 20. The following mean closing rates of foreign exchanges were quoted to-day compared with par:— Par. To-day.

NEW ZEALAND CURRENCY BASIS. The Bank of New South Wales, Dunedin, announces the following rates of foreign exchange on a New Zealand currency basis. on Buying Selling

STAPLES AND COMPANY DIVIDEND OF THREE PER CENT. (United Press Association.) Wellington, July 21. J. Staples and Company have advised the Stock Exchange Association that the directors have declared an interim dividend for the year 1936 at the rate of three per cent, on the capital, payable on August 5. METAL MARKET (United Press Assn.—Telegraph Copyright.) (Rec. 6.30 p.m.) London, July 20. Metals are quoted as follow: —

THE WHEAT MARKET (United Press Assn.—Telegraph Copyright.) London, July 20. Wheat cargoes are easier, while parcels are dull. Futures.—London: July, 31/7; November, 31/10. Liverpool: July, 6/9s; October, 6/82; December, 6/7£; March, 6/s;}. Chicago: July, 103.) cents; September, 1030; December 104 J.

Government Debentures. Buyers Sellers. £ « d £ s d Stock, 31 p.c., 1938-43 102 15 0 Stock, 31 p.c., 1938-52 102 15 0 Stock, 3'. p.c., 1939-43 102 15 0 Stock, 34 p.c., 1939-52 102 15 0 Stock, 4 p.c., 1940 100 0 0 Bonds, 4 p.c., 1940 100 0 0 Stock, 4 p.c., 1946 104 15 0 Bonds, 4 p.c., 1946 104 15 0 Stock, 4 p.c., 1949 104 15 0 Bonds, 4 p.c., 1949 104 15 0 Stock, 4 p.c., 1955 104 15 0 Bonds, 4 p.c., 1955 104 15 0 Banks. Australasia 12 0 0 National of New Zealand 3 8 0 New South Wales 33 0 0 New Zealand 2 0 6 New Zealand Long “D” issue 1 8 0 Union of Australia 9 6 0 Breweries N.Z. Breweries (Shares) 2 13 6 Staples’ Brewery 1 14 0 Coal Kaitangata 14 6 Westport Stockton 12 9 Insurance. National 0 18 10 Loan and Agency Dalgety and Co. 9 2 6 Goldsbrough, Mort and Co. 1 10 0 Wright, Stephenson and Co. (ord.) 0 17 0 (pref.) 0 19 0 Meat Companies. Gear Meat Co. 110 N.Z. Refrigerating (20/- paid) 10 0 (10/- paid) 0 9 8 Southland Frozen Meat.— (£1 ord) 3 16 6 (10/- ord.) 1 18 3 (£1 pref.) 3 16 6 Shipping. Howard Smith 0 19 5 Huddart-Parker (pref.) 17 6 Union Steam Ship Co. (pref.) 1 6 0 Miscellaneous. Associated News 13 6 Australian Glass 4 12 0 Colonial Sugar Co. 43 0 0 D.I.C. (pref.) 13 6 14 3 Dominion Fertilizer ■15 0 Dominion Rubber Co. 1 10 0 Donaghy’s Rope and Twine 2 13 o Milbum Lime and Cement 2 2 6 N.Z. Drug 4 0 9 N.Z. Farmers’ Fertilizers 12 6 13 6 N.Z. Guarantee Corporation 0 5 3 N.Z. Paper Mills 15 6 Otago Daily Times ; 2 10 0 Wilson’s (N.Z.) Portland Cement 2 0 3 Woolworths (Sydney) 5 14 6 Woollen Mills. Bruce 0 14 0 Mosgiel 9 10 0 Wellington Woollens 6 4 0 — — Mining. Broken Hill 3 13 6 Big River 0 2 0 0 2 2 Electrolytic Zinc (ord.) 2 10 Gillespie’s Beach 0 11 0 13 Goldfields Dredging 0 0 4 King Solomon 0 16 0 1 10 Mount Lyell 15 9 Mount Morgans 0 14 6 0 14 11 Nokomai 0 2 0 Skippers 0 0 4 Waitahu 0 2 3 0 2 9 Waipapa 0 0 11 011 Waimumu 0 0 10J Sale Reported. Gillespie’s Beach, 1/1.

AUCKLAND. £ s d National Bank of New Zealand 3 5 0 Bank of New Zealand (3) 2 0 3 Kauri Timber i : 1 10 Taupo Totara (pref.) 14 6 Tooth’s Brewery 2 .13 6 Broken Hill Proprietary 3 14 0 Broken Hill Proprietary 3 14 3 Broken Hill Proprietary (cont.) 2 15 0 Bycroft (2) 2 0 0 Consolidated Brick 9 7 Electrolytic Zinc (pref.) 2 3 10 Farmers’ Trading (B pref.) 1 1 3 G. J. Coles 3 19 6 Morts Dock 12 8J Morts Dock 12 New Zealand Newspapers 2 0 3 Wilson’s Cement 2 0 3 Molyneux Dredging 1 4 Unofficial. New Zealand Woolpack 4 0 Woolworths (Sydney) 5 14 0 WELLINGTON. £ s d Bank of New Zealand 2 0 3 Taupo Totara Timber (Monday) 11 0 Government Stock 3£ p.c., 1939-52 103 0 0 Government Stock 4 p.c., 1937-40 101 0 0 Government Stock 4 p.c., 1937-40 100 17 6 Commercial Bank of Australia (ord.) 18 94 New Zealand Refrigerating (10/- paid) 9 9 Wellington Woollen (ord.) 6 5 0 Wellington Woollen (pref.) 5 5 0 New Zealand Breweries 2 14 0 Broken Hill Proprietary 3 14 3 Electrolytic Zinc (pref.) 2 3 9 King Solomon 1 9 Mount Lyell 1 6 6 Mount Morgan (3) 14 7 Unofficial. Woolworths, Sydney (Monday) 5 15 0 ,

Selfridges (nevz issue) (Mon. day) Shillings, Ltd. 1 5 16 9 0 CHRISTCHURCH. £ s d Shillings, Ltd. (12/6 paid) 16 5 Shillings, Ltd. 16 4 White’s Electric 94 Woolworths, Sydney (ord.) (2) 5 14 0 Sales Reported. Selfridges (new) 1 5 3 White’s Electric 91 Listed. Commercial Bank of Australia (cum div.) (3) 18 9 Commercial Bank of Australia 18 > 8 Bank of New Zealand (2) 2 0 0 New Zealand Refrigerating (10/- paid) 9 10 Broken Hill Proprietary 3 14 0 Dunlop Rubber 18 7 Electrolytic Zinc (pref, cum div.) (2) 2 3 9 G. J. Coles (cum div.) 3 19 3 G. J. Coles (2) 4 0 0 Argo Gold (ex div.) 1 9 Big River (2) 2 1 Gillespie’s Beach 1 3 Nemona (2) 1 6 Worksop Extended 2 2 Mount Lyell 1 6 9 Sales Reported. Commercial Bank of Australia (cum div.) 18 10 Bank of New Zealand (2) 2 0 0 Union Steam Ship (pref.) 1 6 6 Dunedin Brewery 1 9 7 New Zealand Breweries (2) 2 14 4 Anthony Hordern (Monday) 18 10 Anthony Hordern 18 10 G. J. Coles 3 19 6 Hume Pipe 1 1 0 Hume Pipe 1 1 1 King Solomon 1 9 DUNEDIN. £ s d Bank of New Zealand (Monday) 2 0 0 Bank of New Zealand 2 0 0 Huddart-Parker (pref.) 1 7 10 2 Colonial Sugar 43 5 0 Hume Pipe 1 1 1 Hume Pipe 1 1 0 Dunedin Brewery (Monday) 1 9 6 Gillespie’s Beach 1 3 Molyneux River 1 4 Mt. Lyell 1 6 10 Unlisted. Woolworths (Sydney) 5 14 6

Sales: — £ s d Bank of New South Wales 33 10 0 Commercial Bank of Sydney 20 12 0 Bank of New Zealand . 2 0 6 Colonial Sugar 43 10 0 Associated News 1 3 Associated News (pref.) 1 3 6 Australian Gas (A-) 7 15 0 Australian Iron and Steel (pref). 1 7 0 Goldsbrough Mort 1 11 6 Morris Hedstrom 1 7 6 Henry Jones 2 3 9 Electrolytic Zinc 2 2 6 Electrolytic Zinc (pref.) 2 4 0 Farmers 1 12 6 Anthony Hordern 19 Lustre (pref.) 1 5 9 Richardson and Wrench 1 10 3 Australia Hotel 1 8 0 Barnett Glass (pref.) 1 9 3 Victoria Nyanza 10 0 Woolworths (ord.) — Buyer 4 14 0 Seller 5 15 0 Woolworths (New Zealand)— Buyer 5 10 0 Seller 5 15 0 Mount Lyell 1 7 7 2 Broken Hill Proprietary 3 15 0 Broken Hill Proprietary (new) 2 15 6 Kuala Kampar 14 1 Loloma 1 3 0 Koitaki Rubber 17 0

irregular. £ s d Commercial Bank of Australia 19 0 National Bank (£10 paid) 14 8 0 British Tobacco 2 1 1| Carlton Brewery 2 19 3 G. J. Coles 4 0 6 Drug Houses 1 11 0 Australian Iron and Steel (pref.) 1 6 9 Australian Glass 4 14 0 Dunlop Perdriau Rubber 18 10 Goldsbrough Mort 1 11 41 Electrolytic Zinc 2 2 6 Electrolytic Zinc (pref.) 2 4 6 Victoria Nyanza 9 9 Mount Morgan 14 9 Mount Lyell 1 7 9 Broken Hill Proprietary 3 14 9 North Broken Hill 9 0 0 South Broken Hill 5 14 0 Zinc Corporation 4 1 6 Emperor 15 6 Loloma 1 3 0 Gordon and Gotch 2 11 0 Kauri Timber 1 4 0 Melbourne Electric Stock 1 0 3 Myers 1 14 0 United Provisions 14 9 Hume Pipe 1 0 0

Paris, fr. to £ 124.21 75 63-64 New York, dol. to £ 4.886 5.03} Montreal, dol to £ 4.886 5.03 3-8 Brussels, belgas to £ 35 29.771 Geneva, fr. to £ 25.221 15.37| Milan, lira to £ 20.43 63 5-8 Berlin, rmk to £ 24.42 21.47| Stockholm, kr. to £ 18.159 19.394 Copenhagen, kr. to £ 18.159 23.394 Oslo, fr. to £ 19.159 19.90 Vienna, schgs to £ 34.585 265 Prague, kr. to £ 164.25 1211 Helsingfors, m. to £ 103.23 227 Madrid, pesetas to £ 22.2215 36} Lisbon, escudos to £ 110 110} Athens, dr. to £ 875 529 Bucharest, lei to £ 318.6 675 Belgrade, dinars 275.31 220 Rio" de Janiero, p. to milreis 8.892 4} Buenos Aires, p. to dol. 45.577 15 Montevideo, p. to dol. 57 39 7-16 Bombay, p. to rupee 10 16g Shanghai, p. to dol. 14 3-8 Yokohama, p. to yen 24.57 14 1-32

London — £N.Z. to £100stg T.T. 124 124/10/O.D. 123/10/- 124/8/9 Australia — „ £A tn £100 N.Z. T.T. 101 100/10/O.D. 101 100/10/Fiji— CF to £100N.Z. T.T. 90/7/6 89 O.D. 90/7/6 89 New York— 4.06 5-8 4.03 Dollars to £1 N.Z. T.T. O.D. 4.07 7-8 4.03’,2 Montreal — Dollars to £1 N.Z. T.T. 4.06 7-8 4.03 3-8 O.O. 4.08 1-8 4.03 7-8 Austria — Schillings N.Z. to £1 T.T. 20.93 O.D. — 20.95 Belgium— Belgas to £1 N.Z. T.T. O.D. — 23.785 23.796 Czechoslovakia — 96.26 Crowns to £1 N.Z. T.T. O.D. 96.31 Denmark— Kroner to £1 N.Z. T.T. 18.203 17.893 O.D. 18.263 17.903 France — £1 N.Z. T.T. 60.77 Francs to —— O.D. —— 60.81 Germany— Reicbmarks to £1 9.950 N.Z. T.T. — O.D. •— 9.955 Holland— £1 N.Z. T.T. 5.884 Florins to —<• O.D. —— 5.888 L&e to £1 N.Z. T.T. — O.D. BW.

Java— Florins to £1 N.Z. T.T. — 5.850 5.854 O.D. Norway— Kroner to £1 N.Z. T.T. 16.183 15.893 O.D. 16.243 15.903 Sweden— Kroner to £1 N.Z. T.T. 15.785 15.490 O.D. 15.845 15.500 SwitzerlandFrancs to £1 N.Z. T.T. —- 12.254 O.D. —— 12.259 Noumea — Francs to £1 N.Z. T.T. —— 59.40 O.D. —— 59.46 Papeete— Francs to £1 N.Z. T.T. —— 59.55 O.D. —— 59.61 Hong KongN.Z. pence to 1 dollar T.T. 18 7-16 19 15-16 O.D. 18 11-32 19 29-32 India and Ceylon— N.Z. nence to 1 rupee T.T. 22 9-64 22 57-64 OD. 22 3-64 22 7-8 Japan— N.Z. penc< yen 5 to 1 T.T. 17 39-64 O.D. —— 17 19-32 Shanghai— N.Z. pence to 1 dollar T.T. 17 7-64 18 31-64 O.D. 16 59-64 18 15-32 Singapore— N.Z. pence to 1 dollar T.T. 34 27-64 35 31-64 O.D. 34 15-64 34 15-32 —

July 15. £ s d July 20. £ s d Copper— Standard, spot 3G 19 4.', 37 11 104 Forward 37 5 74 37 18 14 Electrolytic 41 0 0 41 10 0 to 41 5 0 42 0 0 Wire Bars 41 5 0 42 0 0 Lead— Spot 15 7 6 16 2 6 Forward 15 12 6 16 5 0 Spelter— Spot 13 8 0 13 13 9 Forward 13 13 9 13 18 9 TinSpot 192 15 0 191 5 0 Forward 188 5 0 187 15 0 Silver— Fine, per oz. 19jd 19§d Standard, per oz. 21 5-16d 21 3-16d