MONEY AND MARKETS

Southland Times, Issue 23796, 19 April 1939, Page 3

MONEY AND MARKETS

FOUR PER CENT. ISSUES ACTIVE ON INVERCARGILL EXCHANGE

The Invercargill Stock Exchange reopened yesterday morning after the Easter vacation. There was a steady inquiry for Government four per cent, issues. Banks, insurances and frozen meat companies’ shares were quiet. Woollen companies’ shares were neglected. Australian industrials showed a hesitant tone, the only line to make headway being G. J. Coles, the price for this company’s scrip (cum. bonus of one in five at par) advancing to £4 2/6. No change was noticeable in the market for New Zealand issues. The metal market was quiet.

A sale of Grey River at 18/3 was reported.

THE WOOL MARKET GOOD GENERAL COMPETITION AT SYDNEY SALES (Received April 18, 9.55 p.m.) SYDNEY, April 18. At the wool sales today there was 1 good general competition, with improved activity on the Japanese account. Greasy Merino made up to ISAd. A total of 7814 bales was offered, of which 6560 were sold, also 859 privately. THE WHEAT MARKET CARGOES LOWER AND PARCELS STEADY (Received April 17, 6.30 p.m.) LONDON, April 16. American wheat cargoes are down by 3d but Australians are steady. Parcels are steady and business is fair. Futures.—Liverpool (old May contract): 4/s|. Liverpool (new contract): May, 4/22; July, 4/4g; October, 4/6g. Chicago: May, 69} cents a bushel; July, 68J; September, 68g. MINING KANIERI DREDGE (United Press Association) GREYMOUTH, April 18. For the first half of April the Kanieri dredge worked 223 hours and handled 96,000 yards for 5150 z, BARRYTOWN DREDGE (United Press Association) GREYMOUTH, April 18. For the first half of April the Barrytown dredge worked 213 hours on 96,000 yards for 3460 z. MATAKI (United Press Association) AUCKLAND, April 18. The Mataki return for the five-day period ended April 14 was 220 z for 7600 yards. KILDARE CONSOLIDATED (United Press Association) DUNEDIN, April 18. The Kildare Consolidated wash-up for 10 weeks two days was 460 z lldwt. STOCK SALES YARDING OF 4000 SHEEP AT MOSSBURN There was a yarding of about 4000 sheep at the Mossburn stock sale, satisfactory prices being realized. Tire yarding consisted mainly of fat lambs, which sold at full schedule rates. The demand was good, although there was not a very big attendance of buyers. Prices realized for fat lambs ranged from 12/- to 16/3.

Wright, Stephenson and Co., Ltd., sold: 104 ewes at 17/4, 300 wether lambs at 16/3, 66 wethers at 15/6, 13 at 14/6, 115 s.m. ewes at 19/1, 200 ewe lambs at 19/7, 26 2-tooth ewes at 25/4, 51 fat lambs at 17/-, 15 fat ewes at 8/3, 85 fat lambs at 21/1, 176 at 19/8, 124 at 16/4, 76 at 21/-, 11 Romney rams at 2gns, 3 at 4 gns.

Quotations were called as follows: — GOVERNMENT DEBENTURES Buyer Seller £ s. d £ s d Stock, 4 p.c., 1943-46 98 0 0 99 0 0 Bonds, 4 p.c., 1943-46 98 0 0 - — Stock, 4 p.c., 1946-49 97 0 0 98 0 0 Bonds, 4 p.c., 1946-49 97 0 0 98 0 0 Stock, 4 p.c., 1952 99 0 0 — BANKS National of Australasia — 6 12 6 National of New Zealand 2 6 6 —■ ' ' — New Zealand 1 18 0 1 18 6 BREWERIES Dunedin Brewery Co. 14 0 N.Z. Breweries 1 18 0 COAL Westport Coal 110 Westport Stockton (ord.) 0 4 0 INSURANCE National — 0 15 9 South British 2 12 0 LOAN AND AGENCT Goldsbrough, Mort and Co. 19 0 National Mortgage — 2 0 0 Trustees’ Executors (Dunedin) 4 0 0 — Wright, Stephenson (pref.) 0 19 9 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 15 0 (10/- paid) 0 6 9 SHIPPING Union Steam Ship Co. (pref.) 15 0 — WOOLLEN MILLS Bruce 0 11 6 MISCELLANEOUS Australian Consolidated Industries 1 11 0 ■ ■ Broken Hill Pty. 2 19 0 3 0 6 British Tobacco (Aust.) 2 9 6 G. J. Coles 4 2 6 D.I.C. (pref.) 116 13 0 Dominion Fertilizer 13 0 — ■■ Dominion Rubber Co. 10 0 Donaghy’s Rope and Twine 2 5 0 Dunlop Rubber (Aust.) 10 0 - — ■■ McKenzies Dep. Stores, Ltd. 2 0 0 Otago Daily Times 2 10 Permanent Building Society 5 15 0 , ■— Woolworths, Ltd. 14 0 MINING Broken Hill South 15 6 North Broken Hill 2 4 0 ■ 1 — Electrolytic Zinc (ord.) 2 5 0 ■ —— Gillespie’s Beach 0 0 10 Goldfields Dredging 0 0 2 Mount Lyell 1*7 6 Mount Morgans 0 10 4 0*10 10 Mount Morgan (pref.) 12 0 ■ , Nokomai 0 2 0 Austral (N.Z.) 14 2 — Grey River 0 18 3 — AUCKLAND £ s d Stock 1946-49 4 p.c. 97 0 0 do. 1940-43 4 p.c. 98 7 6 Auckland Harbour Board 1949 4*,4 p.c. 101 15 0 Auckland Transport Board 1941 4 >4 p.c. 99 0 0 E.S. and A. Bank 5 4 0 Bank of N.Z. 1 18 0 Renown Collieries (Mon.) (pref.) 2 6 Huddart-Parker (ord.) 2 11 3 N.Z. Breweries 1 17 5 British Tobacco 2 9 9 Broken Hill Propty. 2 19 9 do. (con.) 2 13 0 Consolidated Brick 8 8 Wilson’s Cement 16 4 Woolworths (N.Z.) 17 5 Woolworths (Syd.) 12 9 WELLINGTON £ s d Bank of N.Z. (Mon.) 1 18 2 South British Insurance (Mon.) 2 5 3 N.Z. Breweries (Mon.) 1 17 9 Woolworths Ltd. (Mon.) 13 1 Wilson’s Cement (Mon.) (2) 16 4 4 p.c. Stock 1943 98 0 0 Commercial Bank of Australia 16 0 National Bank of Australasia (£5 paid) 6 10 0 National Bank of N.Z. 2 6 8 N.Z. Insurance 2 13 6 South British Insurance 2 5 3 British Tobacco 2 10 0 Colonial Sugar 48 5 0 G. J. Coles 4 3 0 Taranaki Oil 8 6 Woolworths Ltd. (2) 1 2 11 Mount Morgan 10 4 Dominion Fertilizer 13 9 CHRISTCHURCH £ s d N.Z. Breweries 1 17 9 do. 1 17 7 Broken Hill Propty. 3 0 0 Sales Reported N.Z. Government 3>,' 2 p.c. Inscribed 1953-57 91 10 0 N.Z. Government 4 p.c. Inscribed 1943-46 98 15 0 N.Z. Breweries 1 17 11 Unlisted Stock Ngahere 12 9 DUNEDIN £ s d Austral-N.Z. Mining 14 3 Sales Reported Broken Hill Propty. 3 0 0 Bank of N.Z. 1 18 2 do. I 18 3 National Bank of Australasia (cont.) 6 10 0 Woolworths (S.A.) 14 9 Austral-N.Z. Mining 14 0 SYDNEY (Received April 18, 9.55 p.m.) SYDNEY, April 18. The weakness of the overseas markets was reflected on the Sydney Stock Exchange today and prices generally were shaded. Sales: £ s d Bank of New South Wales 28 8 0 Queensland National Bank 4 13 6

Colonial Sugar do. (N.Z. delivery) 44 17 44 17 6 6 Associated Newspapers (pref.) 1 1 6 Huddart-Parker 2 19 0 Australian Gas (old) 7 1 0 British Tobacco 2 5 3 Tooth’s Brewery 2 10 9 Toohey’s Brewery 1 7 6 Grimley 1 2 10 Standard Cement 1 0 9 Australian Consolidated Industries 1 10 1 Morts Dock 14 0 Woolworths 1 1 0 Electrolytic Zinc 2 3 4 Mount Morgan (pref.) 1 1 0 Broken Hill Propty. 2 14 9 Broken Hill North ' 2 1 9 South Broken Hill 1 4 6 Emperor , 7 7 Austral-Zealand Gold 1 2 0 MELBOURNE Sales: £ s d National Bank (£5 paid) 6 4 0 Herald and Times 3 0 6 Dunlop Perdriau Rubber 1 0 1 Myers 1 8 6 Carlton Brewery 3 4 6 Felt and Textiles 1 8 9 Mount Lyell 1 4 6 Emperor 7 8 Broken Hill Propty. 2 14 9 Loloma 19 5 Zinc Corporation 4 3 0 THE METAL MARKET (Received April 18, 6.30 p.m.) LONDON, April 17. Metal quotations are as follows:— April 14 April 17 A ton. A ton. £ s d £ s d CopperStandard, spot 41 18 l>/ 2 41 15 0 Forward 42 5 7>,i 42 1 3 Electrolytic 47 10 0 48 0 0 to 48 10 0 48 10 0 Wire bars 48 10 0 48 10 0 LeadSpot 14 3 11' 2 14 8 I’/z Forward 14 9 4 ’, 2 14 14 4>/ z SpelterSpot 13 8 9 13 6 10>/ 2 Forward 13 13 l’ Z 2 13 11 10’,i TinSpot 216 7 6 216 17 6 Forward 214 1 3 214 11 3 SilverFine, per oz 20d 20d Standard, per oz 21 9-16d 21 9 -16d