MONEY AND MARKETS

Southland Times, Issue 23734, 4 February 1939, Page 11

MONEY AND MARKETS

PASTORAL GROUP NEGLECTED ON INVERCARGILL EXCHANGE

Government loans continued to show strength on the Invercargill Stock Exchange yesterday. No change took place in the market for bank shares and the pastoral group was neglected. Shares in meat freezing companies received fair attention. The market for Commonwealth industrials was a little brighter. There were few quotations for mining companies scrip. Sales of 1941 3 per cent. Stock at £97 10/- and Dominion Fertilizers at £1 2/-, were reported.

SYDNEY (Received February 3, 9.30 p.m.) SYDNEY, February 3. The upward trend in investment share prices continued on the Stock Exchange today, accompanied by a substantial increase in business over a wide field.

FROZEN MEAT MARKET (United Press Association) WELLINGTON, February 3. 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.

Uruguayan Chilled Beet — Ox hinds (145-2101 b 5% 5% Ox fores (145—2101 b 3% 3% Lamb market.—Because of the cold weather the trade is rather slow and prices are a shade easier. Mutton. —Trade remains depressed. Values for wethers and lightweight ewes are again easier. Chilled beef is firmer this week because of cold weather. There is an increasing demand. New Zealand porker pigs, light to medium weights are easier on demand. DAIRY PRODUCE MARKET BUTTER FIRM; CHEESE QUIET (Received February 3, 6.30 p.m.) LONDON, February 2. The butter market is firm and cheese is

MINING NEMONA DREDGE RETURN (United Press Association) GREYMOUTH, February 3. The Nemona dredge return was 33 ounces for 120 hours’ dredging.

Quotations were as follows: GOVERNMENT DEBENTURES Buyers Sellers ' £ s d £ s d otock, 3J p.c., 1939-43 99 0 0 ■■ Stock, 4 p.c., 1943-46 99 0 0 Bonds, 4 p.c., 1943-46 99 0 0 - Stock, 4 p.c., 1946-49 99 0 0 Bonds, 4 p.c.. 1946-49 99 0 0 ■ Stock, 4 p.c. 1952 99 0 0 Stock, 4 p.c., 1952-55 99 0 0 Bonds, 4 p.c., 1952-55 99 0 0 ■ — BANKS \ Australasia — 10 0 0 Commercial 0 16 0 0 16 2 National of New Zealand — 2 8 0 New Zealand 1 18 0 — BREWERIES N.Z. Breweries 2 0 3 2 1 0 COAL Westport Coal 10 0 1 1 3 Westport Stockton (pref.) 0 7 0 0 7 6 INSURANCE National 0 15 9 — Standard 2 12 3 LOAN AND AGENCY Goldsbrough, Mort and Co. 1 8 9 Trustees’ Executors (Dimedin) 4 0 0 — Wright, Stephenson (ord.) —- 1 1 6 (pref.) 0 19 6 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 17 6 (10/- paid) 0 I iu Southland Frozen Meat 1 10 0 SHIPPING Union Steam Ship Co. (pref.) 14 6 WOOLLEN MILLS - Bruce 0 7 3 — Kaiapoi (ord.) 0 10 0 .. n in n — Oamaru u 10 u . misceulaneous Associated News 113 Australian Iron and Steel 17 9 Broken Hill Pty. 2 18 0 British Tobacco (Aust.) 2 7 6 - Colonial Sugar Co. 48 5 0 Gf J. Coles 3 17 6 —— D.I.C. (pref.) 1 3 0 Donaghy’s Rope and Twine 2 2 0 Dunlop Rubber (Aust.) 10 6 1 1 6 McKenzies Dept Stores Ltd. 2 8 0 Milburn Lime and Cement 1 13 9 1 14 6 N.Z. Drug 3 5 6 N.Z. Guarantee Corporation — — 0 4 6 N.Z. Paper Mills — 1 2 6 Otago Daily Times 2 2 0 Permanent Building Society 5 15 0 Woolworths (N.Z.) 0 18 9 MINING North Broken Hill 2 10 0 Electrolytic Zinc' (ord.) 2 5 0 Gillespie’s Beach 0 1 0 Goldfields Dredging 0 0 3 Mount Lyell — 1 8 3 Mount Morgans 0 10 4 - — ' ■— Nokomai 0 1 9 Austral N.Z. 1 4 3 UNLISTED Thyrodone Ltd. 1 5 6 AUCKLAND £ s d Stock 1949-52 4 p.c. 99 2 6 do. 99 5 0 Bank of N.Z. 1 18 6 South British 2 4 7(4 Kauri Timber 1 2 9 Dominion Breweries 1 12 0 Broken Hill Propty. 2 17 6 Colonial Sugar 47 15 0 Electrolytic Zinc 2 6 6 do. (pref.) 2 10 0 Wairakei 7 0 Woolworths (Syd.) 1 2 5 W. R.- Carpenter 2 3 6 Emperor 10 0 do. 10 1 Mount Morgan (ord.) 10 9 WELLINGTON £ s d N.Z. Refrigerating (10/- paid) (Thurs.) 7 10 Dominion Fertilizer (Thurs.) 1 2 0 MacDuffs (pref.) (Thurs.) 9 0 5 p.c. Rural Bonds 1947 99 0 0 Wellington City 4’,4 p.c. 1951 101 0 0 Bank of N.Z. (3) 1 18 6 do. (D long term) 1 6 0 Bonds Hosiery Mills 1 0 3 N.Z. Breweries 2 0 8 Woolworths Ltd. (2nd pref.) 1 9 6 Unofficial List Woolworth’s Holdings 15 1 CHRISTCHURCH £ s d Commercial Bank of Sydney 20 15 0 Christchurch Gas (ex div.) 1 3 0 N.Z. Breweries 2 0 3 Electrolytic Zinc (pref., cum div. ) 2 10 0 Woolworths (Syd., ord.) 1 2 8 do. (2) 1 2 9 Woolworths (N.Z.) 17 9 Broken Hill South (cum div.) 1 7 3 Mount Morgan _ 10 7 do. 10 8 Sales Reported Bank of N.Z. 1 18 6 British Tobacco (pref.) 1 13 0 Woolworths (N.Z.) 17 10(4 Broken Hill South (cum div.) 1 7 5 Mount Morgan 10 5(4 Sumner Borough 3(4 p.c. 1947 94 15 0 do. 1948 94 10 0 North Canterbury Hospital Board 4(4 p.c. 1946 101 0 0 DUNEDIN Sales Reported £ s d Broken Hill Propty. 2 17 9 National Electric 13 9 3(4 p.c. Stock 1939-52 98 15 0 Commercial Bank 16 0 Union Bank 8 5 0 Austral-N.Z. Mining 1 3 6 National Insurance 15 11 Mount Lyell 1 7 0

Sales: £ s d Commercial Bank of Australia "15 6 Bank of New South Wales 30 0 0 E.S. and A. Bank 5 0 0 Bank of N.Z. 1 16 6 Colonial Sugar 46 7 6 Associated Newspapers * 1 0 4 do. (pref.) 1 3 6 Automatic Totalizators 17 6 British Tobacco 2 7 0 Burns Philp 2 11 0 Tooth’s Brewery 2 13 6 David Jones 1 13 f6 Australian Glass 5 7 6 Morts Dock 14 6 Kandos Cement 1 7 3 W. H. Soul 4 10 0Standard Cement 1 1 9 William Adams 15 3 W. Atkins 1 3 0 Henry Jones 2 8 0 W. R. Carpenter 2 1 0 Goldsbrough Mort 1 6 3 Morris Hedstrom • 1 6 3 Woolworths 1 2 l>/ 2 do. (N.Z. delivery) 1 2 3 Drug Houses 1 2 0 Pitt, Son and Badgery 1 19 0 Wright Heaton 7 10 0 Electrolytic Zinc 2 6 3 Broken Hill Propty. 2 15 9 Mount Morgan 10 8 Mount Lyell 1 1 6 6 Oil Search 5 7 Austral-Zealand Gold 1 2 3 Arakura Gold 1 10 0 Kanieri Gold 1 17 0 Emperor Gold 9 3 MELBOURNE Sales: £ s d Commercial Bank of Australia 15 4 Bank of Australasia 8 15 0 G. J. Coles 3 14 9 Woolworths 1 2 0 Australian Glass 5 5 6 Australian Paper (pref.) 1 4 9 Mount Morgan 10 7 Mount Lyell 1 6 7 Emperor 9 3

Jan. 26 Feb. 2 d d N.Z. sheep— 1 Crossbred wethers and/ or maiden ewes: Under 481b 4% 414 49-561b 3% 3’,4 57-641b 3% *334 65-721b 3% 3% Ewes: Under 481b 3 234 49-561b 214 214 57-641b 214 21'2 65-721b . < . 2% 2% N.Z. Lambs— North Island Downs: 361b and under 7% 71'2 37-421b 7% 71'2 43-501b 714 734 Second quality: Average about 301b 7% 7% North Island, first quality: 361b and tinder 71'2 7’,4 37-421b 714 7’,4 Second quality: Average about 311b 714 714 Australian Lambs— Victorian first quality: 29-361b 6’,4 6’4 61'2 37-421b 614 Argentine Lambs — First quality: 361b and under 614 614 37-421b 6 6 N.Z. Frozen Beef— Second Quality: Ox hinds (145-2101b) 414 4 Ox fores (145-2101b) 3 3 Australian Frozen BeefSecond quality: Ox hinds (145-2101b) 414 414 Ox crops (145-2101b) 3 3 N.Z. Porker Pigs— First quality: 61-80Ib 7% 71'2 81-1001b 634 6% 101-1201b 614 61'2 N.Z. Baconer Pigs— 121-1601b 634 614 (Chilled beef prices are approximate average prices realized for the week.) N.Z. Chilled BeefOx hinds (145-2101b) 534 51'2 Ox fores (145-2101b) 314 3% Australian Chilled BeefOx hinds (145-2101b) 534 5% Ox crops (145-2101b) 3’/ 2 3% Union of South AfricaOx hinds (145-2101b) Ox crops (145-2101b) — — Southern Rhodesian Chilled Beef— Ox hinds (145-2101b) 4’4 4’4 Ox fores (145-2101b) 314 314 Argentine Chilled Beef— Ox hinds (145-2101b) 634 614 Ox fores (145-2101b) 414 414

quiet. Quotations: — BUTTER Jan. 26 Feb. 2 Danish — Salted - Unsalted - New Zealand— Choicest salted 123/Unsalted 126/Australian— 119/- to 120/Choicest salted 120/- to 121/Unsalted 124/CHEESE 122/New ZealandWhite 67/Coloured 67/Australian — 63/- to 64/62/- to 63/White Coloured 64/- to 65/65/-