MONEY AND MARKETS

Southland Times, Issue 23634, 8 October 1938, Page 4

MONEY AND MARKETS

MISCELLANEOUS SECTION QUIET ON INVERCARGILL EXCHANGE

Government 4 per cent, issues were unchanged on the Invercargill Stock Exchange yesterday. Banks were steady to firm, New Zealands being at £2 2/9, Nationals at £2 12/6 and Commercials at 16/5. There was a quiet tone in the miscellaneous section, New Zealand issues having weak inquiry. Sales of Southland Frozeh Meats at £1 10/1, Broken Hill Proprietaries at £2 16/3, National Insurances at 16/8, New Zealand Insurances at £2 14/3 and £2 14/4 and G. J. Coles at £3 17/- were reported.

Quotations were as follows:— GOVERNMENT DEBENTURES

SYDNEY (Received October 7, 9.10 p.m.) SYDNEY, October 7. All sections of the market were firmer on the Stock Exchange today after the settlement of the coal strike. Shares in companies directly linked with the coal industry advanced appreciably and base metal shares also improved.

FROZEN MEAT MARKET (United Press Association) WELLINGTON, October 7. The New Zealand Meat Producers’ Board advises that the following are the approximate average prices realized for the week based on actual transactions, wholesale quantities and descriptions of meat mentioned and for representative parcels of goods' offering during the week being for business done on the basis of delivery to Smithfield market and/or ex-London stores-

The lamb market is quiet. Prime quality is steady and second quality a shade easier. The demand is still affected by heavy supplies of Home-killed. Wethers are easier, excepting lightweights, and ewes are generally lower with slow trade. The frozen beef market is firm, and chilled beef is bringing better prices this week because of shorter supplies and good trade. There has been fair trade for New Zealand porker pigs at unchanged prices. New Zealand baconer pigs are steady and unchanged. COMPANY NEWS BANK OF ADELAIDE (United Press Association) WELLINGTON, October 7. The Stock Exchange Association has received the following cable advice: “The directors of the Bank of Adelaide have declared an interim dividend of 5 per cent, per annum on the paid-up capital for the half-year ended September 26.”

Buyers Sellers £ s c i £ s d Stock, 4 p.c.. 1946 100 0 0 Bonds, 4 p.c.. 1946 100 0 0 Stock, 4 p.c.. 1949 100 15 0 Bonds, 4 p.*. 1949 100 15 0 — Stock, 4 p.c.. luu v Bonds, 4 p.c.. 1955 100 0 0 ■ — BANKS Commercial 0 16 5 0 16 7 National of New Zealand 2 12 6 New South Wales 30 0 0 New Zealand 2 2 9 2 3 3 New Zealand long “D” issue 1 9 6 Union of Australia 8 5 0 — BREWERIES Dunedin Brewery Co. 1 8 0 N.Z. Breweries 2 0 6 Tooth’s Brewery 2 12 9 — — COAL Westport Coal — 1 5 0 INSURANCE National 0 16 1 0 17 0 LOAN AND AGENCY Wright. Stephenson (pref.) — 1 0 ’ 0 MEaT COMPANIES • Gear Meat Co. 0 13 6 N.Z Refrigerating 4 (20/- paid) 0 18 3 (10/- paid) 0 8 0 I Southland Frozen Meat 1 9 6 1 10 6 South Otago Freezing Co. 5 3 0 SHIPPING Huddart-Parker 2 6 0 Onion Steam Ship Co. (pref.) .1 5 9 1 6 9 F. and O. Stock 1 3 0 WOOLLEN MILLS Bruce 0 4 0 Mosgiel 10 0 0 MISCELLANEOUS Australian Glass 4 12 6 Broken Hill Pty. 2 16 0 2 17 0 British Tobacco (Aust.) 2 7 9 G. J. Coles 3 17 6 D.I.C. (pref.) 1 3 3 Dominion Fertilizer —— 1 4 6 , Dunlop Rubber (Aust) 11 " 1 0 10 Milburn Lime and Cement i;; 1 .,: 1 14 9 N.Z. Drug 3 ,8 • 9 Permanent Building \ Society 5 17 0 Woolworths Ltd. 1 1 9 METING Broken Hill South .1 9 3 Big River 0 1 1 Electrolytic Zinc (ord.) 2 0 3 (pref.) 2 5 0 Gillespie’s Beach 0 0 11 0 1 1 Goldfields Dredging 0 0 Mount Lyell 16 6 Mount Morgans 0 10 9 Nokomai 0 1 8 Waitahu 0 0 8 0 0 10 AUCKLAND £ s d Bonds 1346-49 4 p.c. 101 0 0 Rural Bonds 1947 4 p.c. ioo o 0 Stock 1943-46 4 p.c. 100 0 0 do. 1946-49 4 p.c. 101 2 6 Commercial Bank of Australia 16 4 Bank of N.Z. (3) 2 2 9 South British 2 .5 6 Devonport Ferry 1 0 9 Auckland Gas 19 3 Australian Glass 4 11 6 British Tobacco 2 7 3 Broken Hill Propty. 2 18 0 do. 2 17 9 do. 2 18 3 do. 2 18 0 do. 2 18 10)4 Claude Neon (N.Z.) 1 2 6 Electrolytic Zinc 2 2 3 do. 2 2 6 Grey and Menzies 12 6 Imperial Chemicals 1 1 8 Moturoa Oil (2) 5 2 Farmers’ Fertilizer 16 6 Woolworths (Syd.) (2) 1 1 0 Wilson’s Cement 17 10 Martha 11 2 Broken Hill South 1 11 0 Loloma 1 4 9 Mount Lyell 1 8 4 do. 1 8 9 do. 1 9 0 Mount Morgan (2) 11 0 Rawang 8 3 WELLINGTON £ S d 3>,4 p.c. Stock 1953-57 (Thurs.) 93 0 0 Broken Hill Propfy. (2) (Thurs.) 2 16 6 Woolworths Ltd. (ord.) (Thurs.) 1 1 0 Myers Emporium (ex div.) (Thurs.) 1 9 10)4 Myers Emporium (ex div.) 1 9 : 10)4 4 p.c. Stock 1946 100 2 6 4 p.c. Stock 1955 (2) 100 5 0 3)4 p.c. Stock 1938-52 100 0 0 do. 1953-57 93 0 0 Wellington Harbour Board 5)4 p.c. 1940 100 0 0 Bank of N.Z. 2 2 9 N.Z. Breweries 2 1 6 Australian Glass 4 11 0 Consolidated Brick 7 3 G. J. Coles 3 17 9 do. 3 18 0 McKenzies Department Stores 3 0 3 Moturoa Oil 5 0 do. 5 1 CHRISTCHURCH £ 8 d Commercial Bank of Australia 16 7 Bank of N.Z. (5) 2 2 : 10 do. 2 2 9 Tooth’s Brewery 2 13 3 Broken Hill Propty. 2 18 0 do. 2 18 1 do. (4) 2 18 2 Dunlop Rubber (2) 1 0 3 - Electrolytic Zinc (ord.) 2 1 9 G. J. Coles 3 17 3 Taranaki Oilfields 13 0 Broken Hill South 1 11 4 Mount Lyell 1 8 5 N.Z. Government 3% p.c. Inscribed 1938-52 100 0 0 Sales Reported Broken HUI Propty. 2 18 2 do. (4) 2 18 3 DUNEDIN Sales Reported £ s d Bank of N.Z. 2 2 9 do. 2 2 10 National Insurance 16 6 Gillespies Beach ■ 1 0 Waihi Investments 8 4

Australian Glass 4 16 After Call Electrolytic Zinc (ord.) 2 2 0

Sales: £ s d Bank of New South Wales 31 17 6 Commercial Banking of Sydney 20 5 0 Commercial Bank of Australia 16 8 Bank of N.Z. 2 2 6 Colonial Sugar 4t 0 0 Associated Newspapers 1 1 3 Australian Glass 4 12 3 Tooth’s Brewery 2 14 0 Toohey’s Brewery 1 10 6 Howard Smith 19 6 do. (N.Z. delivery) 19 6 British Tobacco 2 7 6 Dunlop Ferdriau Rubber 0 5 Meggitts 1 9 3 Masonite 16 3 Anthony Hordern 16 0 Kandos 1 5 0 Newbold Brick 1 10 3 Felt and Textiles 1 12 0 United Provisions 8 0 Gordon and Gotch 2 13 0 Woolworths 1 1 1 Millaquin Sugar 1 17 0 Mount Lyell 1 9 lYz Broken Hill Propty. 2 18 4 Emperor 13 1 Mataki Gold 1 0 Electrolytic Zinc 2 3 6 do. (pref.) 2 7 6 MELBOURNE Bonds continued steady with a fair turnover and the market was active' for leading industrials and . barriers. Sales: £ s d Commercial Bank of Australia 16 9 Howard Smith .19 6 British Tobacco 2 7 3 G. J. Coles 3 I* 0 Drug Houses 1 6 0 Australian Iron and Steel (pref.) 1 7 0 Dunlop Perdriau Rubber 1 0 6 Goldsbrough' Mort , 1 8 3 Australian Paper (pref.) 1 5 0 Electrolytic Zinc 2 3 3 do. (pref.) 2 7 6 Mount Morgan 11 3 Mount Lyell 1 9 0 Broken Hill Propty. 2 18 3 North Broken Hill 2 8 0 . Broken Hill South 1 12 9 Zinc Corporation 4 14 QSEmperor id 3 Loloma 1 ' 4 7 Imperial Chemicals (pref.) 1 2 0

— . - Sept. 29 Oct. C d d N.Z. SheepCrossbred wethers and/ or maiden ewes: Under 481b 5% 5% ’ 49-56Ib 47a 47a 57-641b 47a 4>,4 65-721b 4’4 4% Ewes: • Under 481b 3li 3% 57-641b 27a 27a 65-721b 3 2% N.Z. Lambs— Canterbury: Under 361b 3 3 37-421b 8 8 43-501b 77a 7% Second quality: Average about 311b 7 7 Other South Island: Under 361b 8 8 37-421b 8 8 43-501b 7 7a 714 North Island Downs— 361b and under 87a 87a 37-421b 87a 87a 43-501b 71/2 77a Second quality: Average about 301b 714 714 Average about 311b 7 7 North Island, first quality: Under 361b 7% 77a 37-421b 77a 7’4 Second I quality: Average about 311b 7% 77a Australian Lambs— • Victorian first quality: 29-361b •a» 37-421b — Argentine Lambs— First quality: Under 361b 6% 6’4 37-421b «— ■— N.Z. Frozen Beef— . Ox hinds (145-2101b) 314 3.’,4 Ox fores (145-2101b) x 3>,4 314 Australian Frozen BeefOx hinds (145-2101b) 47a 47a Ox crops (145-2101b) 3% 314 N.Z. Porker Pigs— First quality: 61-801b 714 714 81-1001b 7 7 101-1201b 67a 67a N.Z. Baconer Pigs— f 121-1601b G'/z 67a (Chilled beef prices are approximate average prices realized for the week.) N.Z. Chilled BeefOx hinds (145-2101b) 5% 5% Ox fores (145-2101b) 3‘,4 314 Australian Chilled Beef— Ox hinds (145-2101b) 57a 57a Ox crops (145-2101b) 3*,4 37a Union of South Africa— Ox hinds (145-2101b) 5’4 5% Ox fores (145-2101b) 3>,4 314 Southern Rhodesian Chilled Beef— Ox hinds (145-2101b) 5’,4 5’,4 Ox fores (145-2101b) 3 3% Argentine Chilled BeefOx hinds (145-2101b) 67a 6',4 Ox fores (145-2101b) 3% 37a Uruguayan Chilled Beef— Ox hinds (145-2101b) 5% 6 Ox fores (145-2101b) 3% 3% Brazilian Chilled Beef— Ox hinds (145-2101b) •— Ox fores (145-2101b) — —