BROKEN HILLS RISE SHARPLY ON INVERCARGILL EXCHANGE

Southland Times, Issue 23828, 27 May 1939, Page 4

BROKEN HILLS RISE SHARPLY ON INVERCARGILL EXCHANGE

Chief item of interest on the Invercargill Stock Exchange yesterday was the sharp rise in Broken Hill Proprietaries, buyers moving up to £3/9/-. Australian Consolidated Industries were also firmer. Banks generally showed little change but Nationals had a hardening tendency. Metal shares were firmer, inquiry for Broken Hill Souths moving up to £l/8/6. Electrolytic Zincs were also very firm. The bonds market showed little change.

Quotations were called as follows:— GOVERNMENT DEBENTURES

SYDNEY (Received May 26, 6.30 p.m.) / SYDNEY, May 26. The share market today was slightly easier, with a falling off In business and some irregularity in the banking group. Zinc shares strengthened, because of the possibility of a stabilization of the zinc price above the present rate. «

FROZEN MEAT MARKET

(United Press Association) WELLINGTON, May 26.

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 ex-London stores

The lamb market continues firm, prices generally being better and the consumption good. Wethers and ewes are meeting with a little better demand with prices firmer. Frozen beef is firm and chilled beef is steady for hindquarters but weaker for fores. Prices are firmer for New Zealand porker pigs on shorter supplies and slightly firmer for New Zealand baconers. There is good trade and better prices for boneless bobby veal.

THE METAL MARKET (Received May 26, 6.30 p.m.)

Buyer Seller £ 9 d £ s d Stock, 4 p.c., 1939-52 97 0 0 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 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 BANKS 0 16 6 Commercial ■■ ■ National of New Zealand 2 5 0 New South Wales (cum. div.) 31 0 0 New Zealand 2 0 0 New Zealand long “D” issue 16 9 BREWERIES N.Z. Breweries 1 18 6 COAL Kaitangata 17 6 1 0 9 Westport Coal Westport Stockton (ord.) 0 3 6 INSURANCE National 0 15 11 Standard 2 10 6 LOAN AND AGENCI Goldsbrough, Mort and Co. Wright-, Stephenson (pref.) MEAT COMPANIES Gear Meat Co. 0 10 9 Southland Frozen Meat 17 6 SHIPPING Union Steam Ship Co. (pref.) 15 6 1 10 0 0 19 6 WOOLLEN MILLS Bruce 0 10 0 0 13 3 0 15 9 Kaiapoi (ord.) — - — Oamaru 0 15 0 Bonds Hosiery MISCELLANEOUS Australian Consolidated Industries 1 18 0 Broken Hill Pty. 3 9 0 British Tobacco (Aust.) 2 11 6 D.I.C. (pref.) 110 Dominion Rubber 10 3 10 0 Hume Pipe (Aust.) 0 19, 0 McKenzie’s Dept. Stores, Ltd. 2 7 0 N.Z. Drug 3 6 0 N.Z. Guarantee Cor0 4 0 N.Z. Paper Mills 13 0 2 0 6 Otago Daily Times — Woolworths, Ltd. 13 8 MINING Broken Hill South 18 6 North Broken Hill 2 8 0 Big River 0 0 6 Electrolytic Zinc (ord.) 2 10 0 Gillespie’s Beach 0 0 8 Goldfields Dredging 2 13 0 0 0 2 Martha Gold Mining 0 11 0 Mount Lyell 18 9 Mount Morgans 0 11 5 Mount Morgan (pref.) 13 0 0 2 0 0 3 0 14 9 £ B d Austral (N.Z.) AUCKLAND Bonds 1953-57 3>/ 2 p.c. 90 10 0 Stock 1953-57 3 Me P*c. 90 10 0 Stock 1943-46 4 p.c. 98 10 0 Auckland Harbour Board 1947 4>,4 p.c. 01 10 0 National Bank of Australasia (con.) 6 17 6 Commercial Bank of Australia (pref.) (special parcel) 9 10 0 National Bank of N.Z. 2 6 0 Bank of N.Z. (4) 2 0 3 N.Z. Insurance (2) 2 13 0 South British (2) 2 3 6 Westport Stockton (pref.) 7 5 Auckland Gas (2) 16 9 do. (con.) 11 3 do. 11 0 Dominion Breweries 1 13 9 Broken Hill Propty. 3 10 3 do. 3 10 1 do. 3 9 9 do. (con.) 3 3 0 do. 3 4 0 By croft (rights) 15 0 K.D.V. Boxes (con.) 5 0 M.K. Manufacturers (rights) 2 New Auckland Laundry 18 0 Taranaki Oil 5 9 Wilson’s Cement 18 1 Waihi Investments 7 4 Unofficial List British and Dominion Investments 7 3 Taranaki Oil Developments 1 6 WELLINGTON £ B d Broken Hill (contr.) (Thurs.) 3 3 3 Electrolytic Zinc (pref.) (Thurs.) 2 15 3 G. J. Coles (rights) (Thurs.) 2 12 6 Emperor Mines (Thurs.) 10 4'/ z 3(4 p.c. Stock 1953-57 90 10 0 3>/2p-c. Bonds 1953-57 90 10 0 Bank of N.Z. (D long term) 17 6 N.Z. Guarantee Corporation 3 11 Broken Hill Propty. (2) 3 10 9 do. (contr.) 3 3 0 G. J. Coles (rights) (2) 2 12 6 Woolworth's Properties (cum rights) . <2) 1 7 S Woolworths Ltd. 1 3 10 Grey River 18 1 CHRISTCHURCH £ s d Dunlop Rubber 116 G. J. Coles (rights) (2) 2 12 0 Woolworths (Syd., ord.) 13 9 Broken Hill South 19 6 Arahura 1 9 11 Grey River 18 1 Sales Reported National Mortgage (A) (Thurs.) 1 15 0 N.Z. Breweries 1 18 9 Broken Hill Propty. (cum div.) 3 10 6 do. (contr.) (cum div.) 3 3 0 Kauri Timber (Thurs.) (cum div.) 14 8 Mount Lyell (cum div.) 1 8 10 DUNEDIN Sales Reported £ s d Bank of N.Z. 2 0 6 Kaitangata Coal 18 0 Taranaki Oil 5 6 Broken Hill Propty. 3 10 6 D.I.C. (pref.) 1 1 6 Berlei (N.Z.) Ltd. 3 3 6

Sales: £ s d Commercial Banking of Sydney 19 3 0 Commercial Bank of Australia 15 0 National Bank (£10 paid) 12 15 0 Colonial Sugar 47 10 0 British Tobacco 2 7 9 Australian Consolidated Industries 1 16 9 Tooth’s Brewery 2 13 0 Toohey's Brewery 1 9 3 Australian Gas (A old) 7 4 0 Dunlop Perdriau 1 0 1 David Jones 1 14 0 Hordern 14 1 G. J. Coles (rights) 2 8 3 Morts Dock 15 6 Berlei 2 0 0 General Industries (pref.) 1 3 10 Newbold 1 10 6 Adams 15 4’/2 Woolworths 1 2 0 Electrolytic Zinc 2 9 0 do. (N.Z. delivery) 2 9 3 do. (pref.) 2 12 0 Broken Hill. Propty. 3 5 3 do. (contr.) 2 18 9 North Broken Hill 2 7 1 South Broken Hill 1 7 9 Placer Development 3 12 7 Larut 5 4 Emperor 9 6 Arahura 1 8 3 MELBOURNE Sales: £ s d E.S. and A. Bank 4 13 0 National Bank (£10 paid) 12 11 0 Metropolitan Gas 13 14 0 G. J. Coles (rights) 2 8 0 Felt and Textiles 1 10 6 Imperial Chemicals (pref.) 1 2 10 Drug Houses 1 2 1 Australian Paper (pref.) 1 4 9 Electrolytic Zinc (pref.) 2 12 0 North Broken Hill 2 7 6 Loloma , 1 3 1 Emperor 9 6

May 18 d May 25 d N.Z. SheepCrossbred wethers and/ or maiden ewes: 481b and under 4% 414 49-561b 4% 4’4 57-641b 3% 3% 65-721b 3% 37« Ewes: 481b and under 3% 3% 49-561b 3% 3% 57-641b 3% 2% 65-721b 37s 3’4 N.Z. Lambs— Canterbury. 361b and under 614 7 37-421b 6% 6% 43-S01b 67a 67s Second quality: Average about 311b 6>/ 2 6% Other South Island: 361b and under 614 7 37-421b 6% 6% 43-501b — 614 North Island Downs: 361b and under 6% 6”,4 37-421b 6’,4 6’,4 43-501b 67s 614 Second quality. Average about 301b 6’4 7 North IslandFirst quality: 361b and under 6>/ z 6% 37-421b • 6>/s 614 Second quality: Average about 311b 614 614 Australian Lambs— Victorian, first quality: 29-361b 6 67s 37-421b 5’4 5% N.Z. Frozen Beef— Second quality: Ox hinds (145-2101b) 3% 3% Ox fores (145-2101b) 2’4 2’4 Australian Frozen BeefSecond quality: Ox hinds (145-210lb) 37a 314 Ox crops (145-2101b) — 3 7s Argentine Lambs— First quality: 361b and under 5% 5% 37-421b 514 5‘,4 N.Z. Porker Pigs— First quality: 61-801b 614 6% 81-1001b 6% 614 101-1201b 6% 6% Baconer Pigs— 121-1601b 6 6 Boneless Bobby Vealex store in parcels 4% 4% (Chilled beet prices are approximate average prices realized for the week). N.Z. Chilled BeetOx hinds (145-2101b) 5 5 Ox fores (145-210Ib) 3*,4 3 Australian Chilled BeefOx hinds (145-2101b) 4% 4’4 Ox crops (145-2101b) ' 3',4 314 South African Chilled Beet— Ox hinds (145-2101b) 5 >4 5’,4 Ox fores (145-2101b) 314 3% Southern Rhodesian Chilled Beet— Ox hinds (145-2101b) 414 4’,4 Ox fores (145-2101b) 214 214 Argentine Chilled BeefOx hinds (145-2101b) 614 614 Ox fores (145-2101b) 3% 372 Uruguayan Chilled BeefOx hinds (145-2101b) 514 571 Ox fores (145-2101b) 3% 3>,4 Brazilian Chilled BeefOx hinds (145-2101b) 5’4 5

LONDON, May 25. Metal quotations are as follows :— May 24 May 25 A ton. A ton. £ s d £ s d Copper— Standard, spot 41 3 9 41 16 10>/ 2 Forward 41 10 7>/ z 42 3 114 Electrolytic 46 15 0 47 5 0 to 47 15 0 48 5 0 Wire bars 47 15 0 48 5 0 Lead— Spot 14 6 10>/ 2 14 8 9 Forward 14 10 7'/ 2 14 10 10>/ 2 Spelter— Spot 13 18 l>/ 2 14 0 0 Forward 13 19 4>/ 2 14 0 7>,4 Tin— Spot 226 2 6 225 17 6 Forward 223 17 6 223 17 6 SilverFine, per oz 20 l-16d 20d Standard, per oz 21%d 21 9-16d