INQUIRY FOR BANKING SHARES ON INVERCARGILL EXCHANGE

Southland Times, Issue 23827, 26 May 1939, Page 3

INQUIRY FOR BANKING SHARES ON INVERCARGILL EXCHANGE

A steady market continued for Government loans on the Invercargill Stock Exchange yesterday. More inquiry came for banking shares, New Zealands being steady and National ot New Zealands firming a little with buyers at £2 5/-. There was a better demand for woollen companies’ shares. Australian and New Zealand industrials were at late rates. An unchanged market ruled for metal companies shares.

MELBOURNE

DEMAND FOR LAMBS AT WYNDHAM WETHERS HARD TO SELL AT LAST SALE VALUES There was a small yarding of sheep and a big yarding of cattle, principally Hereford and Black Poll calves, forward for the Wyndham stock sale. The fat sheep section consisted mostly of medium quality wethers and good freezing lambs. Wethers were hard to sell at last sale’s values. There was a fair demand for freezing lambs and the whole lot was quitted at auction at full schedule rates. Store sheep were not wanted, and any lines of wether hoggets or breeding ewes brought a few shillings a head under last sale’s rates. There was a small yarding cf fat cattle and prices showed an advance of fully £1 a head on the last sale. Store bullocks were in demand and prices for these were slightly in vendors’ favour. A big yarding of Hereford and polled calves realized full market rates Henderson and Co., Ltd., sold.— Sheep: Twenty-two fat wethers at 20/-, 25 at 17/6, 32 at 18/-. Cattle: One fat cow at £6/10/-, 1 at £5/17/6, 1 at £5/15/-, 1 at £5/5/-, 1 at £4/10/, 3 store cows at £2/10/-, 1 at 7/6, 1 dairy cow at £lO, 1 dairy heifer and calf at £4. Pigs: One at 24/-, 3 at 21/6, 2 at 21/-, 1 at 17/-. Dalgety and Co., Ltd., sold:—Sixteen fat lambs at 25/6, 26 at 21/6, 49 at 20/-, 29 at 20/3', 6 at 22/6, 24 store lambs at 7/3, 54 at 13/-. Cattle.—One cow at £7/2/6, 1 at £7, 69 heifer calves at £2/17/-, 35 heifer calves at £2/14/-. MINING GREY RIVER DREDGING (United Press Association) WELLINGTON, May 25. The Grey River Dredging Co., Ltd., reports that the return for the period ended May 23 for 122 hours and 84,667 cubic yards was 3240 z of gold. WORK AT TOTANGI BORE DEPTH OF 4305 FEET REACHED GISBORNE, May 25. The New Zealand Petroleum Company advises that the Totangi bore has reached a depth of 4305 feet. The fori mation being penetrated remains unchanged. Progress continues to be rather slow on this account. SYDNEY PRODUCE MARKETS (Received May 25, 9.20 p.m.) SYDNEY, May 25. Wheat values are steady but buyers are apathetic. ■ Silc. grain is quoted at 2/7J a bushel and bagged at 2/9. Other quotations:— Flour.—£l2/5/- a ton. Bran and pollard.— £4/10/- a ton. Potatoes.—Tasmania, first quality. £l5 a ton; second quality, £ll. Onions. —New Zealand brown, £27 a ton; Egyptian brown, £2l. Maize.—Yellow 3/10 a bushel; white, 4/-. COLOMBO TEA AUCTION J. Rattray and Son, Ltd., Invercargill, report having received the following cabled report of the tea auction held in Colombo on Tuesday:— Heavy supplies of all grades offered with quality showing seasonal decline; prices for common and medium kinds declined Id per lb; fine quality teas easier as a result of lower quality; quantity, 3,250,0001 b; next sale, 3,500,0001 b. THE METAL MARKET LONDON, May 24. Metal quotations are as follows:— May 23 May 24

WELLINGTON

SYDNEY (Received May 25, 10.10 p.m.) SYDNEY. May 25. All departments of the Stock Exchange todav showed a decided improvement and a heavy increase in trading along healthy lines. Sales: £ s d Bank of New South Wales (ex div.) y u Commercial Banking of Sydney 19 5 0

Quotations were called as follows: GOVERNMENT DEBENTURES Buyer Seller £ s d £ s d Stock. 4 p.c„ 1943-46 98 10 0 Bonds. 4 p.c., 1943-46 98 10 0 - Stock, 4 p.c., 1946-49 98 0 0 Bonds, 4 p.c.. 1946-49 98 0 0 Stock, 4 p.c., 1952 96 5 0 -— Stock, 4 p.c., 1952-55 98 10 0 —— Bonds, 4 p.c., 1952-55 98 10 0 Stock, 34 p.c., 1953-57 92 0 0 BANKS Commercial 0 16 9 National of New Zealand 2 5 0 New South Wales 31 0 0 32 0 0 New Zealand 2 0 6 2 1 6 New Zealand long “D” issue 1 6 9 Union of Australia 8 2 0 BREWERIES Dunedin Brewery Co. 1 4 0 N.Z. Breweries 1 18 6 — COAL Kaitangata 1 7 6 Westport Stockton (ord.) 0 INSURANCE National 9 15 11 Standard 2 10 6 LOAN AND AGENCY’ Goldsbrough, Mort and Co. ■■ “ 1 10 0 Wright, Stephenson (pref.) 0 19 6 MEAT COMPANIES Gear Meat Co. 0 10 9 N.Z. Refrigerating (10/- paid) 0 6 10 0 7 1 Southland Frozen Meat 1 7 6 1 7 9 SHIPPING Union Steam Ship Co. (pref.) 1 5 6 P. and O. Stock — 1 IV 0 WOOLLEN MILLS Bruce 0 1° 0 — Kaiapoi (ord.) 0 13 Oamaru 0 15 0 0 0 13 0 15 6 6 MISCELLANEOUS Broken Hill Pty. 3 8 0 3 9 6 G. J. Coles (rights) 2 12 6 —— D.I.C. (pref.) 1 1 0 Dominion Rubber Co. 1 0 0 Dunlop Rubber (Aust.) 1 1 9 Milbum Lime and Cement 1 13 6 N.Z. Drug 3 6 0 —- N.Z. Guarantee Corporation 0 4 0 N.Z. Paper Mills 1 3 0 Otago Daily Times 2 0 6 Woolworths (N.Z.) 0 18 9 ——— MINING Big River 0 0 6 — Electrolytic Zinc (ord.) 2 10 0 Gillespie’s Beach -■ ■ 0 0 11 Goldfields Dredging 0 V i Martha Gold Mining 0 11 0 Mount Lyell 1 8 0 Mount Morgan 0 11 0 Mount Morgan (pref.) 1 3 0 Nokomai 0 2 0 Okarito 0 3 0 Taranaki Oil Fields 0 5 9 Austral (N.Z.) — 1 4 9 AUCKLAND £ s d Commercial Bank of Australia 16 2 National Bank of N.Z. 2 6 0 Bank of N.Z. 2 0 7 do. (D mort.) 1 6 9 South British 2 3 3 Bruce Woollen 10 7 Broken Hill Propty. 3 9 6 do. 3 9 9 do. 3 10 0 Bycroft (rights) (2) 14 9 Electrolytic Zinc (pref.) (2) 2 15 3 Farmers' Trading 1 0 0 Hume Pipe 1 0 3 Taranaki Oil 5 9 Wilson's Cement 18 0 Woolworths (Syd.) 1 3 10 Mount Lyell 1 8 6 Mount Morgan (2) 11 4

£ s d Bruce Woollen (Wed.) 10 6 Broken Hill Propty. 3 9 0 do. 3 9 41'2 do. 3 9 l‘/2 do. 3 10 3 do. (contr.) 3 1 10 >/ 2 Electrolytic Zinc (ord.) 2 11 10 >/ 2 Australian Consolidated Industries 1 19 7’,4 G. J. Coles (rights) 2 12 9 MacDuffs (pref.) 5 9 McKenzies Department Stores (2) 2 7 6 do. 2 7 3 Permewan Wright 1 10 0 Woolworths Ltd. (2) 1 3 10 Mount Lyell 1 8 6 N.Z. Breweries 1 18 9 CHRISTCHURCH £ s d N.Z. Breweries 1 18 7 Broken Hill Propty. (contr.) (cum div.) 3 2 0 do. (2) 3 2 3 do. 3 2 6 Electrolytic Zinc (pref.) 2 15 0 G. J. Coles (rights) (2) 2 12 0 I.C.I. (Aust.) (N.Z. pref.) 1 5 3 Kauri Timber (cum div.) 1 4 6 Mount Lyell (cum div.) 1 8 8 Mount Morgan 11 4 Grey River 18 2 Sales Reported Commercial Bank of Australia (pref.) 9 10 0 Bank of N.Z. (cum div.) 14 6 Westport Coal (cum div.) 1 0 6 Electrolytic Zinc (pref.) 2 15 3 Broken Hill South (cum div.) 1 9 0 Grey River 18 0 Unlisted Stock Associated Gold Dredges 7 3 DUNEDIN £ s d Mount Lyell (2) 1 8 6 Mount Morgan 11 6 Sales Reported Kaiapoi (pref.) 14 9 Westport Coal 0 6 McKenzies (2) 2 7 6 D.I.C. (pref.) 1 1 6

Commercial Bank of Australia 15 0 Queensland National Bank 4 14 0 United Insurance 9 17 6 South British Insurance 2 0 0 Adelaide Steam 1 11 9 Burns Philp 2 11 0 British Tobacco 2 8 0 Huddart-Parker 2 13 6 do. (N.Z. delivery) 2 11 7/fc Tooth's Brewery 2 13 9 Toohey’s Brewery 1 9 3 G. J. Coles 3 12 9 Woolworths 1 2 0 Australian Iron and Steel (pref.) 1 7 6 Australian Consolidated Industries 16 David Jones 1 14 0 Anthony Hordern 14 3 do. (pref.) 1 0 0 Lustre Hosiery 10 0 General Industries (N.Z. delivery) 19 9 Morts Dock 15 6 Gibson Howes 1 11 9 Meggitts 1 10 0 Masonite Corporation 16 3 Taubmans (ex div.) 2 12 6 Newbold Brick 1 10 0 United Provisions 7 3 W. J. Adams 15 3 Felt and Textiles (2nd pref.) 1 9 0 Cash Orders , 16 Goldsbrough Mort 1 6 9 Dunlop Perdriau Rubber 1 0 1 Millaquin Sugar 2 0 6 Electrolytic Zinc 2 9 0 do. (pref.) 2 11 9 Mount Lyell 1 6 7 , /fc Zinc Corporation 4 16 9 Broken Hill Propty. 3 5 9 do. (contr.) 2 19 0 do. (new) 15 3 North Broken Hill 2 3 3 South Broken Hill 1 7 3 Rawang Tin 7 4 Taranaki Oil 5 0

Sales: d £ s Commercial Bank of Australia (pref.) 8 13 0 E.S. and A. Bank 4 14 0 G. J. Coles (ex right) 3 12 6 Electrolytic Zinc 2 11 0 Mount Lyell 1 6 10 Mount Morgan 10 5 North Broken Hill 2 6 7 South Broken Hill 1 7 0 Emperor 9 6 ■ - ■—

A ton. A ton £ s d £ P d CopperStandard, spot 41 8 9 41 3 9 Forward 41 15 71/2 41 10 7'/2 Electrolytic 47 7 6 46 15 0 to 47 15 0 47 15 0 Wire bars 47 15 0 47 15 0 L.c.icl— Spot 14 6 10>/ 2 14 6 10'/2 Forward 14 10 7 >/ 2 14 10 T’,'2 spelter— Spot 13 14 4 >,'2 13 18 1 J z2 Forward 13 19 4>/ 2 13 19 4'/2 rm— Spot 225 10 0 226 2 6 Forward 223 11 3 223 17 6 SilverFine, per oz 20 l-16d ?0 -16d Standard, per oz 21%d 21 d