MONEY AND MARKETS

Southland Times, Issue 23345, 1 November 1937, Page 3

MONEY AND MARKETS

SHARE MARKET INVERCARGILL STOCK EXCHANGE BANKING SHARES STEADY There was little change in values on the Invercargill Stock Exchange on Saturday morning. There was a fair inquiry for banking shares, and prices were steady. Government securities were not in great demand. Quotations were as follows: —

NORTHERN EXCHANGES SALES ON ’CHANGE

MEAT SHIPMENTS TO UNITED KINGDOM FIRST HALF OF OCTOBER The New Zealand Meat Producers’ Board- is advised by cable from its London office that the shipments from Australia, South America, South Africa and New Zealand to the United Kingdom during the first half of October 1937, were as follows:— AUSTRALIA Carcasses Mutton 33,484 Carcasses Lamb 320,111 Quarters Beef (frozen) 56,612 Quarters Beef (chilled) 25,940 SOUTH AMERICA Carcasses Mutton 406 Carcasses Lamb 152,302 Quarters Beef (frozen) 2,162 Quarters Beef (chilled) 192,257 SOUTH AFRICA Quarters Beef (chilled) 3,606 NEW ZEALAND Carcasses Mutton 48,045 Carcasses Lamb 23,985 Quarters Beef (frozen) 3,349 Quarters Beef (chilled) 530 NORTH BROKEN HILL LIMITED (United Press Association) WELLINGTON, October 30. The Stock Exchange Association has received a cable from North Broken Hill, Ltd., announcing a dividend of 1/3 a share. THE RIALTO William Todd and Co., Ltd., report as follows for the week ending Saturday, October 30:— Pigs.—Small Weaners 18/- to £1 5/-, larger £1 5/6 to £1 11/-, stores £1 6/to £1 19/6, porkers £2 2/- to £2 15/6, sow £1 12/6, boar £l. Poultry.—Hens 2/4 to 3/5, heavy breeds 3/- to 4/-, ducks 2/5 to 4/1, roosters 3/- to 4/-. Bacon Pigs.—We are cash buyers of bacon weights, 1201 b to 1501 b, at 7d a lb, delivered to factory. Produce.—Table potatoes, King Edwards scarce, Arron Chiefs £lO to £lO 10/- a ton, oats 8/6 to 12/-, wheat, good quality, 22/6 sack, inferior wheat, 12/- to 15/- a sack, barley 20/-, ryecorn 6/- a bushel, oatdust 5/-, pollard 9/-, bran 7/-, sorrell 3/6, meat meal 11/1, boneflour 14/-, Moose meal 17/-, Moose nuts 16/-, rock salt 8/6, molasses 13/6 a case, oyster shell grit 6/- a cwt. Miscellaneous.—Barbed wire 34/6 a cwt., No. 8 galvanized 28/6, rabbit netting 26/-, fowl netting 14/6, sheep netting 26/-, 6-foot fowl netting 30/-, pickling barrels 7/6 to 10/-, wheelbarrows 27/6, sashes 12/6, pumice boilers £6 to £7 10/-, concrete pig troughs 20/-, tanks £2 10/-, stakes 35/-, droppers 13/-, timber 14/- to 17/- a 100 ft, military saddles £3 10/-, bridles 10/-, headstall bridles 15/-, Ceylon tea, s’s 13/6, 40’s 2/3 lb. Vegetables.—Rhubarb 2d to 3d a lb, cabbage 2/- to 3/-, cauliflower 2/6 to 4/-, lettuce 3/- a dozen. Seed potatoes.—Arran Chiefs 5/- to 7/- a cwt, K.P. potato manure 10/-, K.P. Super 6/6, K.P. garden manure 10/-, Crossed Keys blood and bone 8/6, burnt lime 4/6, carbonate of lime 2/6, Iva plant food 2/6, Humber fish manure 3/- bag. Grass seeds.- -White Clover 8d to 1/3, cow grass 1/- to 1/3, Timothy 9d, dogstail lOd, cocksfoot lOd to 1/4 a lb, perennial ryegrass 3/6 to 5/- a bushel, mixtures of clover, ryegrass and cocksfoot 3d a lb, farmers’ dressed ryegrass 5/- to 10/- a sack. DUNEDIN RABBITSKIN SALE Dalgety and Co., Ltd., Dunedin, report as follows on the rabbitskin sale:— “With the season over, only small quantities, comprising mostly spring grades, were offered at auction. Competition was restricted, being confined to hatters’ grades, for which there has been some inquiry during the past week. Winter grades showed a further decline of 12d to 24d, and outgoings and springs dropped 4d to 12d. “Following are the prices realized: — Small, ll&d a lb; runners, racks, 19’<d; autumns, 24Jd; winter bucks, 50d; spotted winter bucks, 47d; outgoing winter bucks 44d; spring bucks, 30d; winter does, 46d; spotted winter does, 42d; outgoing winter does, 37d; spring does, 34d; summer bucks and does, 21|d; Ist milky, 26|d; 2nd milky, 219 d; winter blacks, 25d; 3rd blacks, 19jd; fawns, 16d; hareskins, TENDERS FOR TREASURY BILLS (British Official Wireless) (Received October 30, 6.30 p.m.) RUGBY, October 29. The total amount applied for in tenders for £45,000,000 in Treasury bi Is was £84,495,000. The average rate per cent, for the bills at three months was 10/1.55, against 10/4.97 a week ago.

GOVERNMENT DEBENTURES Buyers Sellers £ s d £ s d Stock, 31 p.c., ini in o Stock, 3j p.c., 1938-52 104 0 0 ■ - Stock, 3i p.c., 1939-43 101 10 0 Stock, 3a p.c., 1939-52 104 0 0 ——- 103 2 6 Stock, 4 p.c., 1955 104 15 0 Bonds, 4 p.c., 1955 104 15 0 — BANKS Australasia 11 3 0 — Commercial 0 17 4 — National of Australasia 7 8 0 — • National of New Zealand 2 19 0 New South Wales 32 15 0 — 9 11 6 New Zealand 2 3 9 — New Zealand Long “D” issue 1 9 6 BREWERIES Dunedin Brewery Co. 1 9 G — N.Z. Breweries 2 9 0 COAL Kaitangata 1 3 6 — Westport Coal 1 5 6 INSURANCE National 0 18 3 Standard ' 3 0 6 LOAN AND AGENCY Goldsbrough, Mort and Co. 1 14 9 National Mortgage 2 10 0 Wright, Stephenson (pref.) 1 0 3 1 1 3 MEAT COMPANIES N.Z. Refrigerating— (20/- paid) 0 19 6 — " (10/- paid) 0 9 4 —— Southland Frozen Meat — 1 9 0 South Otago Freezing Co. 5 5 0 6 0 0 SHIPPING Huddart-Parker 2 3 0 Union Steam Ship Co. (pref.) 1 6 6 P. and O. Stock 1 10 0 — — WOOLLEN MILLS Bruce 0 12 6 Kaiapoi (pref.) 0 17 3 MISCELLANEOUS Australian Glass 4 10 0 — Broken Hill Pty. 3 5 6 — British Tobacco (Aust.) 2 8 0 2 9 0 G. J. Coles * 4 12 9 — '■ D.I.C. (pref.) 1 4 6 Dominion Fertilizer 1 4 3 1 5 0 Hume Pipe (Aust.) 0 19 11 — McLeod Bros’ Soap 26 0 0 Milburn Lime and Cement 2 3 3 N.Z. Drug 3 15 0 N.Z. Farmers’ Fertilizers 1 0 0 —— N.Z. Paper Mills 1 7 0 Wilson’s (N.Z.) Cement 1 0 0 Woolworths (N.Z.) 5 1 0 — MINING Broken Hill South 2 1 0 — Big River 0 1 3 0 1 6 Electrolytic Zinc (ord.) 2 12 0 — (pref.) 2 14 0 2 15 6 Gillespie’s Beach 0 1 5 Goldfields Dredging 0 0 3 Kildare 0 1 3 Mount Lyell 1 19 3 Mount Morgans 0 11 8 — Nokomai 0 2 4 Okarito 0 2 9 — Skippers 0 0 4 Waipapa 0 0 3 North Broken Hill 2 16 9 - ■ " Rawang Tin 0 10 8 — UNLISTED Woolworths (Sydney) 1 9 3 — Selfridges (Aust.) 1 11 0 —

AUCKLAND £ s d Commercial Bank of Australia (pref.) 9 11 0 Auckland Gas 1 2 0 Consolidated Brick 0 7 6 Dunlop Perdriau 1 2 6 Argo 0 1 1014 Mount Morgan 0 11 8 Overseas Woolworth's Holding (S.A.) 0 15 3 WELLINGTON Union Bank (Frid.) 9 10 0 Colonial Sugar (Frid.) 46 17 6 McKenzie’s (2) 4 8 9 Hume Pipe (Frid.) 1 0 0 Bank of Australasia 11 7 6 4 p.c. Bonds, 1946 103 0 0 Consolidated Brick 0 7 7 CHRISTCHURCH Commercial Bank of Australia 0 17 7 N.Z. Guarantee Corporation 0 4 9 N.Z. Breweries 2 8 9 Australian Glass (cum div.) 4 11 11 Broken Hill Pty. (rights) (2) 1 10 6 do. (2) 1 10 4 do. (9) 1 10 5 do. (2) 1 10 6 G. J. Coles 4 13 3 Taranaki Oil 0 6 4 Woolworth’s (N.Z. ord.) 5 3 0

Woolworth’s (South Africa) (2) 0 15 1 Grey River (7/6 paid) 0 9 3 Mount Morgan 0 11 Sales Reported Goldsbrough Mort 1 14 4 Hume Pipe (Aust.) 1 0 0 Broken Hill Pty. (rights) (2) 1 10 6 Unlisted Woolworth's (Sydney, ord.) 1 9 6 Sale Reported N.Z. Perpetual Forests 2 3 3 DUNEDIN Bank of New Zealand 2 4 0 Electrolytic Zinc (ord.) 2 12 6 Sales Reported South British Inscribed 4 15 0 North Broken Hill 2 18 0 Bank of New Zealand 2 4 0 Standard Insurance 3 0 0 Kaiapoi (ord.), (after call) 0 12 10 Broken Hill Propty. (rights) (2) 1 10 6