MONEY AND MARKETS

Southland Times, Issue 23646, 22 October 1938, Page 4

MONEY AND MARKETS

GOVERNMENT LOANS QUIET ON INVERCARGILL EXCHANGE

A quiet market continued for Government loans on the Invercargill Stock Exchange yesterday. Australian banks were fairly active, buyers for Commercials (pref.) moving up to £9 9/6. No change took place in insurances. Australian industrials remained steady. There was little inquiry for New- Zealand issues. The mining market was unchanged. Sales of 1.C.1. (pref.) at £1 2/5, Woolworths at £1 1/1| and £1 1/3, G. J, Coles at £3 19/4j, Bank of Australasia at £lO 7/-, Commercial Banks at 16/11, Broken Hill Proprietaries at £2 18/4|, were reported.

Quotations were as follows:— GOVERNMENT DEBENTURES

SYDNEY (Received October 21, 10 p.m.) SYDNEY, October 21. The Sydney Stock Exchange today was quieter, with little change in prices. W. H. Soul announced the addition of a bonus at the rate of 5 per cent, to the dividend at the customary rate of 10 per cent for the past half year.

MELBOURNE Leading industrials were firmer today Australian - Glass rose sharply on a higher interim dividend. Sales: a

FROZEN MEAT MARKET (United Press Association) WELLINGTON, October 21. 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.

AUCKLAND

CHRISTCHURCH

The lamb market is slightly easier on continued heavy supplies of Home-killeU wethers and ewes and because of heavier supplies and poor demand. Frozen beef is meeting with a good demand at higher prices. Chilled beef is firmer on lighter supplies. New Zealand porker pigs, light and med ium weights, are unchanged. Heavyweights are slightly easier. New Zealand baconer pigs are quiet and unchanged. Boneless nobby veal, new season’s arrivals, is meeting with steady demand with prices unchanged.

Stock, 3J p.c., 1038-59 Buyer £ s s d Sellers £ s 100 10 d o Stock, 34 p.c., 1989-52 100 10 0 Stock, 4 p.c., 1946 99 0 0 100 0 0 Bonds, 4 p.c., 1946 99 0 0 100 0 0 100 10 o Bonds, 4 p.c., 1949 100 10 6 100 10 o Bonds, 4 p'.c., 1955 100 10 0 BANKS Australasia 10 7 0 ■ Commercial — 0 17 0 Commercial, pref. 4 p.c. (cum.) 9 9 0 E. S. and A. Bank 5 5 6 ■■ — National of New Zealand 2 13 0 New South Wales 31 0 0 - New Zealand — 42 0 0 New Zealand long “D” issue 1 9 6 BREWERIES N.Z. Breweries 2 0 0 COAL Westport Coal — 1 5 0 INSURANCE National 0 16 3 0 16 9 South British 2 7 6 LOAN AND AGENCY Goldsbrough, Mort and Co. 1 9 6 ■Wright, Stephenson (pref.) — 1 0 3 MEAT COMPANIES N.Z. Refrigerating (10/- paid) 0 7 10 0 8 3 Southland Frozen Meat 1 10 3 SHIPPING Union Steam Ship. Co. (pref.) 1 5 9 WOOLLEN MILLS Bruce 0 3 6 —. - Mosgiel 9 18 6 . MISCELLANEOUS Broken Hill Pty. 2 18 0 G. J. Coles 3 19 0 4 0 0 D.I.C. (pref.) 1 3 0 Dominion Fertilizer 1 -4 6 Milburn Lime and Cement 1 16 0 I.C.I. (pref.) 1 2 5 - New Zealand Drug — 3 9 0 Otago Daily Times 2 3 0 Permanent Building Society 5 18 6 —— Wilson’s (N.Z.) Cement 0 18 0 Woolworths Ltd — 1 1 6 MINING Broken Hill South 1 13 0 Big River 0 1 0 — Electrolytic Zinc (ord.)' 2 3 0 2 4 6 Gillespie’s Beach 0 1 1 Goldfields Dredging 0 0 34 Mount Lyell 1 9 0 ■ 1 Mount Morgans 0 10 11 0 11 4 Nokomai 0 1 9 Waitahu 0 0 9 North Broken Hill 2 9 6

£ d Stock 1952-55 4 p.c. (2) 99 15 0 do. 1939-43 314 p.c. 98 10 0 do. 1938-52 314 p.c. (2) 100 0 0 Auckland Harbour Board 1959 414 p.c. 102 10 0 National Bank of N.Z. 2 11 0 Bank of New South Wales (Syd. reg.) 31 10 0 Bank of N.Z. (2) 2 1 4 do. (2) 2 1 3 South British 2 4 0 N.Z. Guarantee Corporation 4 3 Westport-Stockton (ord.) 4 2 Auckland Gas (con.) 13 6 Australian Glass 4 16 0 British Tobacco 2 8 0 do. 2 8 1 Broken Hill Propty. 2 18 0 do. 2 18 3 do. 2 18 4 do. (con.) 1 19 5 Electrolytic Zinc 2 4 0 . do. (2) 2 3 9 Farmers’ Trading 19 0 Imperial Chemicals 1 2 5 do. (2) 1 2 7 Northern Roller (ord.) 18 3 Taranaki Oil 14 0 do. (2) 14 3 Woolworths (Syd.) 1 1 0 do. 1 1 1 W. R. Carpenter 2 4 0 do. (rights) 17 9 Mount Lyell 1 10 0 Wellington Alluvials 5 3 Unofficial List Selfridges (Aust.) 14 0 Woolworth’s Properties (pref.) 14 3 WELLINGTON £ s d Dalgety and Co. 7 19 0 Kauri Timber 1 2 514 N.Z. Breweries 2 0 6 Australian Paper Manufacturers (pref.) 1 5 214 Broken Hill Propty. 2 18 0 Colonial Sugar 48 5 0 British Tobacco 2 8 4 I.CJ. (pref.) 1 2 5 do. 1 2 6 G. J. Coles 3 19 2 Kandos Cement 1 6 414 4 p.c. Stock 1955 99 15 0 314 p.c. Stock 1953-57 93 2 6 Bank of Adelaide 6 3 0 Commercial Bank (ord.) 16 1014 Bank of New South Wales (Syd. reg.) 31 5 0 Bank of N.Z. 2 1 3 do. (3) 2 1 4 Queensland National Bank 5 0 6 Union Steam (pref.) 1 6 0 Australian Paper Manufacturers (pref.) 1 5 2 Broken Hill Propty. 2 18 1 do. (2) 2 18 2 British Tobacco 2 8 9 Colonial Sugar 48 7 6 do. 48 2 6 Farmers Trading (ord.) 18 1014 I.CJ. (pref.) (2) 1 2 6 do. 1 2 7 G. J. Coles 3 19 3 Taranaki Oil 13 11 Woolworths Ltd. (ord.) 1 0 1014

£ 8 d Bank of Australasia 10 6 0 Commercial Bank of Australia 16 10 Bank of N.Z. 2 1 3 do. (2) 2 1 4 do. 2 1 0 Goldsbrough Mort 1 8 3 N.Z. Breweries (2) 2 0 6 Tooth's Brewery 2 15 0 British Tobacco 2 8 7 do. 2 8 8 Broken HiU Propty. (5) 2 18 0 do. (8) 2 18 3 do. (2) 2 18 2 Colonial Sugar (5) 48 7 6 Dunlop Rubber 1 1 0 8 G. J. Coles (4) 3 19 0 do. 3 19 5 do. 3 19 4 Hume Pipe (Aust.) (2) 1 0 0 Taranaki Oilfields 14 2 Woolworths (Syd., ord.) 1 0 11 do. 1 1 0 do. 1 0 11

Mount Lyell (2) 1 10 3 N.Z. Government 3>/ a p.c. Inscribed 1938-52 100 0 0 National Bank of N.Z. 2 10 6 Bank of N.Z. (2) 2 1 3 Goldsbrough Mort ■ 1 8 2 Canterbury Frozen Meat 9 15 0 Taranaki Oilfields 14 0 Woolworths (Syd., ord.) 1 1 0 Moonlight Goldfields 4)1 Mount Lyell 1 10 0 do. ■ , ’ 1 10 4 DUNEDIN £ 8 d 3% p.c. Stock 1939-43 98 10 0 U'.S.S. Company' (pref.) 1 6 0 British Tobacco 2 8 6 Tooth’s Brewery2 15 3 Mount Lyell i io: 0

Sales: £ s d Bank of New South Wales ’ 31 2 6 ’ Commercial Bank of Australia 17 0 Commercial Bank of Sydney 20 5 0 E.S. and A. Bank 5 10 0 Union Bank 8 12 0 Queensland National Bank 4 19 6 Bank, of Australasia 10 8 0 Colonial Sugar 48 5 0 Associated Newspapers 1 1 4)4 British Tobacco 2 8 6 Tooth’s Brewery 2 14 9 Australian Glass 4 18 0 Anthony Hordern 15 6 Henry Jones 2, 8 3 Millaquln Sugar 1 19 3 W. Adams 14 6 W. Atkins \ 1 2 3 ■ Woolworths (1st pref.) 2 1. 6 Electrolytic Zinc 2 4 9' Mount Lyell 1 10 6< Rawang Tin 8 8 Larut 12 8 Taranaki Oil 14 0 Oil Search 7 1

. . ...... '— £ 8 d Commercial Bank of Australia 16 10 National Bank (£5 paid) 6 17 0 do. (£10 paid). 14 .5 0 Bank of Australasia 10 5 0 Huddart-Parker 2 8 9 British Tobacco ' 2 8 9 G. J. Coles 3 19 3 Drug Houses 1 '5 0 Australian Glass '4 18 0 Dunlop Perdriau 1 0 8 Henry Jones 2 8 0 Herald and Times 2 17 9 Imperial Chemicals (pref.) 1 2 8 Electrolytic Zinc 2 4 8 do. (pref.) 2 7 7 Mount Morgan 11 0 Mount Lyell 1 10 4 Broken Hill Propty. 2 18 3 North Broken Hill 2 10 9 Broken Hill South 1 12 4 Emperor 12 10 Loloma 1 3 6

Oct. 13 Oct. 20 d d N.Z. Sheep— Crossbred wethers and/ or maiden ewes: Under 481b 5=/a 534 49-561b 434 4’4 57-641b 434 4% 434 434 65-721b Ewes: Under 481b 3% 334 49-561b 3 234 57-641b 234 234 65-721b 234 2’,4 N.Z. Lambs— Canterbury: Under 361b 8 8 37-421b 8 734 43-501b 734 7% Second quality: Average about 311b 7 634 Other South Island: Under 361b 8 8 37-421b 8 734 43-501b 734 734 North Island Downs— 361b and under ' 834 834 37-421b 834 •— 43-501b 73 4 — Second quality: Average about 301b 734 7 Average about 311b 7 7 North Island, first quality: Under 361b 734 734 37-421b 734 734 Second quality: Average about 311b 734 634 Australian Lambs— Victorian first quality: 29-361b — 37-421b — — Argentine Lambs— First quality: 361b and under 734 734 37-421b 734' 734 N.Z. Frozen Beef— Ox hinds (145-2101b) 3',4 4 Australian Frozen Beef— Ox hinds (145-2101b) 434 434 Ox crops (145-2101b) 334 334 N.Z. Porker Pigs— First quality: 7’4 61-801b 734, 81-100Ib 7 34 734' 101-1201b 634 634 N.Z. Baconer Pigs— 121-1601b 614 634 (Chilled beef prices are approximate average prices realized for the week.) N.Z. Chilled Beef— Ox hinds (145-2101b) 5% 534 Ox fores (145-2101b) 3% 334 Australian Chilled Beef— Ox hinds (145-2101b) 5% •534 Ox crops (145-2101b) 334. 4 Union of South Africa— Ox hinds (145-2101b) 634 Ox fores (145-2101b) — 434 Southern Rhodesian Chilled Beef— Ox hinds (145-2101b) 5’4 634 Ox fores (145-2101b) 3% 4 Argentine Chilled Beef— Ox hinds (145-210Ib) 6',4 434 634 Ox fores (145-2101b) 434 Uruguayan Chilled Beef— Ox hinds (145-2101b) 6 634 Ox fores (145-2101b) 3% 434