MONEY AND MARKETS

Southland Times, Issue 23142, 8 March 1937, Page 3

MONEY AND MARKETS

SHARE MARKET

INVERCARGILL STOCK EXCHANGE SATURDAY’S CALL-OVER At Saturday’s call-over on the Invercargill Stock Exchange, quotations were as follows:— Government Debentures

Sales Reported Mount Morgan 0 18 7J NORTHERN EXCHANGES SALES ON ’CHANGE AUCKLAND

METAL MARKET

RAW MATERIALS (Received March 7, 6.30 p.m.) LONDON, March 6. Friday's closing prices for raw materials, with those of last week also quoted, are as follows:— Cotton.—Spot, 7.70 d a lb (7.41 d April delivery, 7.43 d (7.10 d Rubber. —Para, lltid a lb (12d); plantation smoked, 11 l-32d (10%d). Jute.—March-April delivery, £l9 7/6 a ton (£l9). Copra.—March-April delivery, South Sea, £l9 5/- a ton (£19); smoked, £l9 (£lB 15/-); plantation Rabaul, £2O (£l9 15/-). Linseed Oil.—£3o 15/- a ton (£3O). Turpentine.—£2 0/6 a cwt. (£2 0/6). BONDS HOSIERY MILLS LTD. (United Press Association) WELLINGTON, March 7. Bonds Hosiery Mills (N.Z.) Ltd. advised the Stock Exchange Association that at the annual general meeting on April 7 the directors will recommend the payment of a dividend of 5 per cent a year. The transfer books will be closed from April 1 to 7 inclusive. THE WOOIAiARKET

MERINOES SELL WELL AT LONDON LONDON, March 5. At the wool sales 3302 bales were offered, including 2538 from New Zealand, and 2452 were sold. A small supply of Australian Merinos sold well at full rates. New Zealand greasy crossbred, “BH/J,” brought a top price of 18d and an average of 171 d. SHEEP SALeTaT TEKAPO PRICES POORER THAN LAST YEAR UMARU, March 7. Over 30,000 sheep were penned at the annual sale of up-country sheep which was held at Tekapo on Saturday. The bidding was very irregular and prices were below those of last year’s sale, though on a par with recent North Canterbury sales. The best price was for a line of 303 three-quarterbred ewe lambs from the Wolds station, which realized 33/2, one of the biggest prices paid for lambs this season. A line of 235 ewe lambs from the Mount Cook station realized 25/-. The sheep did not come forward in the best condition because of having to travel long distances. The bulk of the sheep went to the Canterbury Plains and Otago. One factor contributing to the drop in prices was that because of the wet season farmers down country were well stocked and not able to carry any more sheep. In the early part of the sale there were a number of passings, but the majority of these were disposed of by private treaty.

THE RIALTO William Todd and Co., Ltd., report as follows for the week ended March s:— Pigs.—A medium entry. Small weaners, 7/3 to 11/1; well-grown, 12/6 to 15/-; small stores, 17/6 to £1 5/6; stores, £1 9/- to £1 10/6; sows and litters, £2 to £3 5/-; boar, £l. Poultry.—Hens, lid to 1/7; heavy breeds, 2/- to 3/-; W.L. pullets, 4/- to 5/8 for small, 6/- to 9/1 for wellgrown; ducks, 1/4 to 2/6; geese, 2/6 to 3/-; turkey hens, 4/- to 5/6; gobblers, 7/- to 9/-. , , Bacon Pigs.—We are cash buyers of bacon weights, 1201 b to 1501 b, at sjjd a lb, freight paid. Produce.—Potatoes. Supplies are plentiful and the demand easier. Prime King Edwards, £7 to £8 a ton; oats, 17/6; wheat, '23/6; chaff, £lO 10/-; farra food, 16/6; pollard, 13/6; bran, 7/-; sorrel, 3/6; rock salt, 8/-; oatdust, 5/-; moose meal, 16/-; moose nuts, 15/-; halmeg linseed meal, 12/6; linseed, 24/- a cwt; oyster shell grit, 6/a cwt - . , , „ , Vegetables.—A good demand. Cabbage, 2/6 to 5/- a dozen; cauliflower, 3/- to 8/-; carrots and parsnips, Id a lb; green peas, 2d a lb; marrows, a lb. Miscellaneous.—Barb wire, 27/6 a cwt; No. 8 galvanized, 19/6; fowl netting, 13/6; rabbit netting, 22/-; sheep netting, 22/-; tanks, 50/-; wheelbarrows, 30/-; sashes, 12/-; pumice boilers, £5 15/- to £7 10/-; concrete pig troughs, 20/- stakes, 27/6; droppers, 13/- a 100; totara posts, £7 10/to £8 10/-; strainers, 8/- to 10/-; horse covers, 26/-; cow- covers, 8/6; bridles, 10/-; Ceylon tea, 51b boxes, 13/6; 401 b chests, 2/3 a lb. Grass Seeds.—White clover, 9d to 1/a lb; cowgrass, 1/-; timothy, 9d; dogstail, 9d; cocksfoot, 9d to 1/2; ryegrass, 3/6 a bushel; mixture of clover, ryegrass and cocksfoot, 3d a lb.

Buyers Sellers £ s. d £ s . d Stock, 3J p.c.. 1938-52 101 10 0 102 0 0 Stock, 31 p.c.. 1939-43 — 101 17 6 Stock. 3j p.c., 1939-52 — 102 5 0 Stock, 4 p.c., 1946 101 10 0 — Bonds. 4 p.c., 1946 101 10 0 — Stock, 4 p.c., 1949 — — 103 5 0 Bonds, 4 p.c., 1949 103 5 0 Stock, 4 p.c., 1955 , — 103 0 0 Bonds, 4 p.c., 1955 — 103 0 0 Banks Commercial 0 19 2 0 19 6 E. S. and A. Bank 6 7 6 6 9 6 National of Australasia 7 16 ' 0 —— New Zealand 2 2 6 2 2 3 National of New Zealand — 3 3 0 New South Wales 36 0 0 — Union of Australia — 11 5 0 Breweries New Zealand Breweries 2 19 : 11 3 0 0 Coal Kaitangata 1 3 0 — Westport — 1 4 3 Insurance National — 0 18 1 Standard 2 16 0 2 17 6 Loan and Agency Dalgety and Co. 10 5 0 — Goidsbrougfi Mort and Co. 1 17 6 1 18 0 National Mortgage — 2 18 0 Southland Farmers’ (pref.) — 4 15 0 Perpetual Trustees (Dunedin) — 3 4 0 Trustees Executors' (Dunedin) 3 12 0 Wright, Stephens m (ord.) 0 18 0 (pref.) 0 19 0 — Meat Companies N.Z. Refrigerating— (20/- paid) — 0 19 3 (10/- paid) 0 8 5 0 8 8 Southland Frozen Meat (ord. and pref.) — 3 16 0 South Otago Freezing Co. 7 12 6 — Shipping Huddart-Parker — 2 0 0 Union Steam Ship Co (pref.) 1 6 0 Howard Smith — 1 4 3 P. and O. Stock 2 0 0 — Woollen Mills Bruce — 0 13 0 Kaiapoi (ord.) — 0 14 3 Mosgiel 9 19 0 10 5 0 Oam aru 1 1 0 Miscellaneous Australian Glass 4 12 0 4 14 0 Broken Hill Pty. 4 8 9 4 9 3 Colonial Sugar Co. 42 15 0 G. J. Coles 5 2 0 DI.C. (ord.) 0 16 0 Dominion Fertilizer 1 3 6 1 4 0 Dunlop Rubber (Aust.) 1 0 3 1 0 6 Hume Pipe (Aust.) 1 0 6 1 1 6 McLeod Bros.’ Soap 31 10 0 — Milburn Lime and Cement 2 2 3 N.Z. Drug 3 16 0 3 18 0 N.Z. Farmers’ Fertilizers 0 19 9 N.Z. Paper Mills 1 7 6 — Otago Daily Times 2 6 0 2 8 0 Permanent Building Society 5 15 0 Wilson’s (N.Z.) Cement 1 19 0 Woolworths (N.Z.) 7 0 0 7 7 0 Shillings, Ltd. — 0 19 0 British Tobacco (Aust.) - — 2 14 6 New Zealand Guarantee Corporation 0 5 6 0 5 8 Mining Broken Hill South 2 15 3 Big River 0 1 9 0 2 3 Electrolytic Zinc— (ord.) 3 3 6 (pref.) 3 4 0 3 4 9 Gillespie’s Beach 0 1 5 0 1 6 Goldfields Dredging — 0 0 3 King Solomon 0 0 4 0 0 8 Martha Gold Mining 0 19 9 — Mount Lyell 2 13 5 2 13 8 Mount Morgans 0 18 6 0 18 10 Nokomai 0 2 2 0 2 5 Okarito 0 3 8 0 4 0 Skippers — 0 0 4 Waitahu 0 1 6 0 2 6 Waipapa — 0 0 11 Waimumu — 0 0 11| Unlisted Woolworths (Sydney) 7 15 0 8 3 0 Selfridges (Aust.) — 2 0 3

£ S d Auckland Harbour Board 1941 iVi p.c. 102 0 0 Commercial Bank of Australia 19 7 E.S. and A. Bank 6 10 0 Farmers’ Auctioneering (£5 paid) 4 0 0 Grey Valley Coal 7 6 Auckland Gas 1 2 1 Colonial Sugar 43 0 0 Electrolytic Zinc (pref.) 3 4 0 G. J. Coles 5 1 0 Morris Hedstrom 1 10 0 Northern Roller Mills 1 2 6 Robinson Ice Cream 1 3 0 Taranaki Oil 3 0 do. 3 8 Woolworths (N.Z.) 7 4 0 Mount Lyell 2 13 2 Unofficial Australasia Forestry Bondholders 1926 Special 25 10 0 Woolworths (Syd.) 8 2 6 do. 8 3 0 do. 8 4 0 WELLINGTON £ s d 3>/ 2 p.c. Stock 1938-52 (Frl.) 101 17 6 Bank of N.Z. (Fri.) 2 2 5 do. (Fri.) (2) 2 2 3 National Bank of Australasia (£5 paid) (Fri.) 8 0 0 Wellington Woollen (ord.) (Fri.) 5 12 6 W. R. Carpenter (Fri.) 2 5 9

Unofficial Woolworths (Syd.) (Fri.) 8 0 0 do. (odd lot) (Fri.) 8 0 0 do. (Fri.) 8 1 0 Grey River 4 3 CHRISTCHURCH £ s d N.Z. Breweries (2) 3 0 0 Tooth’s Brewery (3) 2 16 1 Broken Hill Propty. (2) 4 9 0 Electrolytic Zinc (ord., cum. div.) (2) 3 3 9 do. 3 3 10 do. (2) 3 3 11 do. (pref., cum. div.) (3) 3 6 0 G. J. Coles (cum. div.) (2) 5 5 6 do. 5 6 0 do. (6) 5 6 6 Kauri Timber (odd parcel) 1 3 2 Gillespies Beach 1 5\2 Mount Lyell (2) 2 13 6 Mount Morgan 18 10 Rawang Tin (5) 13 2 Sales Reported 4 p.c. Inscribed 1943-46 (2) 101 12 6 Goldsbrbugh Mort 1 18 0 Electrolytic Zinc (ord., cum. div.) J 4 3 N.Z. Drug 3 17 0 Taranaki Oilfields 3 1 Unlisted Woolworths (Syd., ord.) 8 5 0 Grey River (2/6 paid) (3) 4 4 Sales Reported Woolworths (Syd., ord.) 8 5 0 DUNEDIN £ s d N.Z. Drug 3 17 0 Australian Malay Tin 3 10 9 Electrolytic Zinc (ord.) (Fri.) 3 3 6 Nokomai 2 3 4 p.c. Stock 1943-46 101 15 0

(Received March 7, 5.5 p.m.) 6. LONDON, March Metals are quoted as follows:— March 4 March 6. £ s d £ s d Copper— Standard, spot 70 8 9 69 18 9 Forward 69 1 3 68 13 H'a Electrolytic 74 0 0 73 10 0 to 76 0 0 75 10 0 Wire bars 76 0 0 75 10 0 Lead— Spot 32 15 0 32 17 6 Forward 32 16 3 32 18 9 Spelter— Spot 31 15 0 32 1 3 Forward 34 2 6 32 8 9 Tin— Spot 256 10 0 256 2 6 Forward 257 12 6 256 17 6 Silver— Fine, per oz 21 >/ 8 d 20 13-16d Standard, per oz 22 13-16d 22 7-16d