SHARE MARKET

Southland Times, Issue 23336, 21 October 1937, Page 3

SHARE MARKET

INVERCARGILL STOCK EXCHANGE, industrials irregular There was a quiet tone among mining companies’ shares at the call-over on the Invercargill Stock Exchange yesterday. Industrials were a little irregular and banking shares showed no change of any note. Quotations were as follows: — GOVERNMENT DEBENTURES

UNLISTED Woolworths (Sydney) 19 6 110 6 NORTHERN EXCHANGES SALES ON ’CHANGE AUCKLAND

LONDON STOCK EXCHANGE LONDON, October 19. Quotations on the Stock Exchange are as

METAL MARKET (Received October 20, 6.30 p.m.) LONDON, October 19. Metals are quoted as follows:—

FOREIGN EXCHANGES (British Official Wireless) (Received October 20, 6.30 p.m.) RUGBY, October 19. The following mean closing rates of foreign exchange were quoted today compared with par:— Par Today

THE PRICE OF GOLD LONDON, October 19. The price of gold is £7 0/5J an ounce. DUNEDIN BREWERY COMPANY (United Press Association) DUNEDIN, October 20. The Dunedin Brewery Company has declared an interim dividend of 7 per cent, a year compared with 6 per cent, for last year. COLOMBO TEA SALE (United Press Association) DUNEDIN, October 20. Mr L. M. Wright has received the following cabled report on the Colombo tea auction of October 19:— “At yesterday’s auction of 2,250,0001 b common teas were firm to dearer. All other grades were irregular, but steady at the close of the sale. One and threequarter million lb are catalogued for auction next week.”

BURNSIDE STOCK SALE FAT CATTLE VALUES EASIER KEEN COMPETITION FOR SPRING LAMBS (United Press Association) DUNEDIN, October 20 The fat cattle entry at the Burnside stock sale today numbered 272 head, including only three or four trucks of good bullocks and some prime heifers. Values eased to some extent, but the market was steady, with competition fairly even. Extra prime bullocks made to £2l 2/6, prime £l6 10/~ to £l9, medium £l2 10/- to £l4 10/- and light down to £9. Extra heavy cows and heifers realized to £l4 7/6, prime £ll to £l2, medium £7 to £8 10/and light down to £5 10/-. Extra prime bullocks were worth about £2 2/1001 b, prime £1 18/-. Prime cows and heifers made to £2 1/- and lighter sorts £1 14/-. Competition for store cattle was less keen than at recent sales and values were easier. A good line of three and four-year steers brought up to £9 18/-. There were' 1605 fat sheep forward, including a fair proportion of shorn sheep. There were some extra heavy wethers, but the majority were medium te light, the same applying to the ewe section. All classes were easier. Extra heavy woolly wethers brought to £2 10/-, prime £2 5/- to £2 8/-, medium £1 17/- to £2 2/- and light down to £1 10/-. Prime heavy shorn wethers brought to £1 16/6, prime £1 11/6 to £1 14/-, medium £1 7/- to £1 10/-. Prime heavy shorn ewes realized to £1 10/9, medium £1 3/- to £1 7/-. Prime heavy woolly ewes made from £1 18/- to £2 4/3, medium £1 8/- to £1 12/- and light down to £1 3/-. Competition was keen for the 46 spring lambs forward. Extra prime brought to £1 17/3, prime £1 9/- to £1 13/- and medium £1 5/- to £1 7/-. The yarding of fat pigs totalled only 85 head and in keen competition last week’s rates were maintained. THE ADDINGTON MARKET VALUES WELL MAINTAINED (United Press Association) CHRISTCHURCH, October 20. There were slightly smaller entries at today’s Addington market. Values were well maintained in all sections, except store sheep, where there was an easing for old ewes and their lambs and for hoggets. A line of close on 900 shorn Romney hoggets from the Chatham Islands were a feature of the store market and these sold from 23/— to 26/- for all except a pen of 80 odd. Good ewes and lambs made an even 20/-, but old sorts ranged about 12/- to 14/-. Spring Lambs.—There was a moderate quality lot forward and they sold up to about a lb. Fat Sheep.—There was a smaller entry of 4500 head. All shorn sheep sold well. Wethers made to 36/4 and ewes to 33/10. Most wethers forward were shorn and better sorts sold from 28/- to 33/-. Woolly ewes sold from 35/- to 44/-, medium woolly 31/- to 34/-. Fa.t Cattle.—There were 410 penned. It was a good sale, particularly for light bodies, heavy being a shade easier. Much of the best beef ranged round about 40/-; in cases to 43/-, and good 36/6 to 39/-. Top price for steers was £2O 2/6 and cows £l6 2/-. Good prime steers made from £l5 to £l7, prime light to medium weights £l3 to £l4 15/-, good cows £lO to £ll 10/-, good heifers £lO 15/- to £l2 5/- and rough cows down to £5 5/-. Vealers..—There was a good sale for prime vealers, big plain runners being easier. Store Cattle.—There was a small entry, which met with a keen sale. Two-year-old steers made to £6 1/-, and fattening cows from £4 10/- to £6. Fat Pigs.—There was an average entry and prices were well maintained. Porkers made from 38/6 to £3 7/6; average price a lb 7|d to 8d; baconers

£3 6/6 to £5 12/6, average price a lb 7Jd to Bd. Store Pigs.—Young pigs were in brisk demand. Weaners made from 16/- to 23/-, slips 24/- to 26/-, stores 28/- to 39/-, sows in pig £3 10/- to £5 10/-.

Buyers £ s d Sellers 1 £ s d Stock, 3J p.c., 1938-43 101 0 0 Stock, 3? p.c., 1938-52 104 0 0 —— Stock, 3s p.c., 1939-43 101 0 Stock, 3? p.c., 1939-52 104 0 0 Stock, 4 p.c., 1955 104 15 0 ■■ Bonds, 4 p.c., 1955 104 15 0 banks Commercial 0 17 1 0 17 4 National of Australasia 7 0 0 National of New Zealand 2 17 0 — New South Wales 32 10 0 — New Zealand 2 4 3 Union of Australia 9 10 0 — BREWERIES Dunedin Brewery Co. 1 9 6 N.Z. Breweries — 2 9 6 COAL Kaitangata 1 3 3 — Westport Coal 1 5 0 INSURANCE National 0 18 3 New Zealand 3 4 6 LOAN AND AGENCY N.Z. Loan and Mercantile — 36 0 0 Trustees’ Executors (Dunedin) 3 16 0 — Wright, Stephenson (pref.) 1 0 3 1 1 3 MEAT COMPANIES N.Z. Refrigerating— (20/- paid) 1 0 0 (10/- paid) 0 10 0 Southland Frozen Meat (ord.) 1 10 0 South Otago Freezing Co. 5 5 0 6 0 0 SHIPPING Huddart-Parker 2 4 0 Union Steam Ship Co. (pref.) 1 6 3 —— P. and O. Stock 1 14 6 WOOLLEN MILLS Bruce — 0 14 0 Kaiapoi (pref.) 0 17 3 MISCELLANEOUS Broken Hill Pty. 3 16 9 — Colonial Sugar Co. 4( b 0 G. J. Coles 4 13 0 4 13 9 Dominion Fertilizer 1 4 0 Dunlop Rubber (Aust) 1 1 6 1 2 6 Hume Pipe (Aust.) 0 19 10 1 0 2 Milburn Lime and Cement 2 4 0 N.Z. Farmers’ Fertilizers 0 19 9 1 0 3 N.Z. Paper Mills 1 7 3 Otago Daily Times 2 6 6 — Wilson’s (N.Z.) Cement 1 0 0 Woolworths (N.Z.) 4 17 6 — Shillings, Ltd. 0 18 6 MINING Broken Hill South 2 1 6 Big River 0 1 1 0 1 5 Gillespie’s Beach 0 1 3 0 1 5 Goldfields Dredging 0 0 3’2 Kildare 0 1 3 Mount Lyell 1 19 6 Mount Morgans 0 10 b 0 10 9 Nokomai 0 2 5 Okarito 0 2 9 Skippers 0 0 4 Waitahu 0 1 3 Waipapa 0 0 3

£ 8 d Stock 1955-57 3>/zPC. 99 0 0 do. 1938-52 104 5 0 Commercial Bank of Australia 17 2 Bank of N.Z. 2 3 9 do. (2) 2 11 Auckland Gas 1 2 0 Northern Steam 3 10 Dominion Breweries 2 0 0 do. (pref.) 2 0 0 Electrolytic Zinc 2 10 0 do. (pref.) 2 12 3 Farmers’ Trading (odd lot) 1 0 3 M. K. Millinery 12 0 Taranaki Oil 7 1 Unofficial Whakatane Paper Mills 6 4 WELLINGTON £ 6 d 4p.c. Bonds 1949 (Tues.) 103 2 6 Broken Hill Propty. (Tues.) 3 16 9 G. J. Coles (Tues.) 4 12 9 4 p.c. Stock 1946 102 17 6 3*,4 p.c. Stock 1938-52 104 5 0 3>/ 2 p.c. Stock 1941-52 104 7 6 National Bank of N.Z. (2) 2 18 6 Bank of N.Z. 2 3 9 Auckland Gas 1 1 9 Broken Hill (cum. div., ex rights) 3 5 0 Colonial Sugar 46 17 6 Electrolytic Zinc (ord.) 2 10 3 G. J. Coles (4) 4 11 0 McKenzies (3) 4 6 6 do. (odd lot) 4 6 6 Woolworths (N.Z.) (4) 5 1 0 Drug Houses of Australia (cum. div.) 1 6 112 Grey River (6/3 paid) 7 11 Unofficial Woolworths Ltd. 1 9 9 CHRISTCHURCH £ B (t Commercial Bank of Australia (2) 17 0 Union Bank of Australia 9 7 6 N.Z. Guarantee Corporation (2) 4 11 N.Z. Breweries (2) 2 9 0 Broken Hill Propty. (cum. div., ex rights) (2) 3 5 0 do. 3 4 6 do. (2) 3 4 7 Electrolytic Zinc (ord.) 2 10 0 do. 2 9 11 do. (pref.) (3) 2 12 2 do. (3) 2 12 1 G. J. Coles (2) 4 11 0 Broken Hill South (3) 1 17 6 Mount Lyell 1 16 6 do. 1 17 2 do. (2) 1 17 3 do. (2) 1 17 2 Mount Morgan (2) 10 4 Sales Reported Broken Hill Propty. (cum. div.. ex rights) (2) 3 5 0 Taranaki Oilfields 7 1 Skippers 2 DUNEDIN £ s d Mount Lyell (5) 2 16 9 Australian and N.Z. Mining (2) 13 0

Sales Reported McLeod Bros. (Tues.) 27 0 0 Taranaki Oil (Tues.) 7 1 31/2 p.c. Stock 1938-52 National Bank of Australia 104 5 0 (cont.) 7 4 9 Union Bank 9 9 0 Standard Insurance (2) 3 0 0 do. 2 19 9 North Broken Hill (after call) 2 15 6 Clutha River 3 9

follows: £ s d Bank of Australasia 8 13 9 E.S. and A. Bank 4 8 6 Union Bank of Australia 7 2 6 Bank of New South Wales 26 2 6 National Bank of N.Z. 2 4 9 Bank of N.Z. 1 14 9 British Tobacco 1 17 6 Goldsbrough Mort 1 6 6 Dalgety 7 12 6 P. and O. (deferred) 1 5 6 N.Z. Loan and Mercantile Agency 4 p.c. debentures 94 0 0 Ordinary 25 0 0

Oct. 18 Oct. 19. £ s d £ s d Copper— Standard, Spot 47 8 9 42 12 6 Forward 45 15 0 42 17 6 Electrolytic 50 10 0 47 0 0 to 52 10 0 49 0 0 Wire bars 52 10 0 49 0 0 Lead— Spot 18 3 1*2 17 11 3 Forward 18 6 101/ 2 17 11 3 Spelter— Spot 17 12 6 16 16 10>/ 2 Forward 17 18 17 0 7>/2 Tin— Spot 219 17 6 206 12 6 Forward 219 2 6 206 12 6 SilverFine, per oz Standard, per oz 21 20d 9-16d 20d 21 9 -16d

Paris, fr. to £ 124.21 146 25-64 New York, dol. to £ 4.886 4.95 7-16 Montreal, dol. to £ 4.886 4.95 3-16 Geneva, fr. to £ 25.221 21.52% Milan, lira to £ 20.43 94% Berlin, rmk. to £ 20.42 12.33% Copenhagen, kr. to £ 18.159 22.40 Oslo, fr. to £ 19.159 19.90 Vienna, schgs. to £ 34.585 26% Prague, kr. to £ 34.585 141 11-16 Helsingfors, m. to £ 103.23 226% Madrid, pesetas to £ 25.15 — Lisbon, escudos to £ 110 110 3-16 Athens, dr. to £ 875 547% Bucharest, lei to £ 318.6 672% Belgrade, dinars 275.31 216 Rio de Janeiro, p. to milreis 8.892 4% Buenos Aires, p. to dol. 45.577 Montevideo, p. to dol. 57 39 13-16 Bombay, p. to rupee 10 18%