MONEY AND MARKETS

Southland Times, Issue 23969, 8 November 1939, Page 3

MONEY AND MARKETS

BANKING shares steady on INVERCARGILL EXCHANGE

Government loans continued to receive attention on the Invercargill Stock Exchange yesterday. Banks were steady with New Zealands unchanged and Commercials a little firmer. Insurances continued strong. Australian metals were quiet. No sales were reported.

Quotations were as follows: —

AUCKLAND

WELLINGTON

CHRISTCHURCH

Canterbury Meat (ord.) 8 14 0 Woolworths (N.Z.) (ord.) 17 10 Broken Hill South 1 13 3 SYDNEY (Received November 7, 9.45 p.m.) SYDNEY, November 7._ Continued strong buying was manifested on the Stock Exchange today, Broken Hill touching the record high level of 73/3.

Kuala Kampar 18 0 Emperor 10 10 MELBOURNE The Melbourne Stock Exchange was closed for the Cup holiday. GOOD ENTRY OF FAT CATTLE FORTNIGHTLY STOCK SALE AT GORE • An entry of fat cattle by Mr C. H. W. Tripp, of Otaraia, made up the bulk of the yarding at the fortnightly Gore stock sale yesterday. The cattle were in excellent condition and the prices secured were on a par with those ruling' at recent sales. Fat bullocks brought from £l5/15/- up to-£l7/7/6, and fat heifers sold up to £l5. In a small sheep section fat ewes brought 27/3, ewe hoggets 35/8, and ewe lambs 15/8. Sales were:— Dalgety and Co., Ltd.:—Three fat bullocks at £l7/7/6, 1 at £l6/12/6, 1 at £l5/15/-, 2at £l7/2/6,1 at £l6/7/6, 1 at £l6/7/6, lat £l6/2/6, 3 at £l5/10/-, 2 at £l5/12/6/4 at £l7, 1 at £l3/15/-, 1 fat heifer at £l5, 1 at £ll/7/6, 1 at £ll/12/6, 1 at £lO, 1 at £l2/17/6, 1 at £l2/7/6, 1 fat cow at £9, 88 ewes and lambs at 15/8, 155 ewe hoggets at 35/8. Wright, Stephenson and Co., Ltd.:— Three fat ewes at 27/3. Passed in: Ten fat ewes at 25/-.

RABBITSKIN SALE AT DUNEDIN

OFFERING OF ABOUT 12 TONS

(Special to The Times) DUNEDIN, November 7. The last fortnightly rabbitskin sale of the season was held today, when the associated - brokers submitted catalogues totalling approximately 12 tons. There /as a good demand and considering the quality of the skins now forward, values for winter grades were firm. Summers and inferior descriptions met a ready sale and were par to a shade firmer than previous quotations. Winter bucks sold to 80d and winter does to 48d.

Sales will now be held monthly during the summer period. The, official range of prices is as follows:—Summer broken, 29Jd to 32Jd per lb; second winter/broken, 36|d to 39Jd; first winter broken, 39d to 42fd; summers, 29fd to 32Jd; winter black, 26d to 36d; winter fawns, 40d to 46d; milky, 31d to 32Jd; first milky, 36d to 40d; stained does, 40d to 43d; winter bucks, 70d to 80d; winter does, 42Jd to 48d; outgoing winter bucks, 521 d to 58|d; outgoing winter does, 41d to 43fd; spring bucks, 42|d to 46Jd; spring does, 34id to 39jd; hareskins, 16d to 20d; horsehair, 21d to 23d; first ferrets (each), 5/- to 6/3; ferrets (each), 1/8 to 3/-. The next sale is listed for December 5. A supplementary sale of opossum skins was held after the rabbitskins sale, the offering being approximately 9500 skins. The demand was limited, exporters having filled their orders for the season. Values all over showed an easing, especially for thirds and inferior skins which were difficult to dispose of.

GOVERNMENT DEBENTURES Buyer S £ eller £ s d s d Stock, 4 p.c., 1943-46 98 10 0 Bonds, 4 p.c., 1943-46 98 10 Stock, 4 p.c., 1946-49 97 0 Stock, 4 p.c., 1949-52 98 2 Stock, 4 p.c., n? EC 1952-55 iJl Bonds, 4 p.c., 1952*~55 Vi O Stock, 3J p.c., ni n n 1953-5 I VI v Stock, 4 p.c., 1954-58 97 10 0 — BANKS Australasia 8 10 0 Commercial 0 15 10 16 3 E.S. and A. Bank 4 15 0 —• New Zealand 1 19 9 2 0 3 Union of Australia 7 3 6 — BREWERIES N.Z. Breweries 1 15 9 1 6 6 COAL Kaitangata 1 8 0 — Westport Coal 1 1 0 1 1 9 Westport Stockton (ord.) ■ - 0 3 9 (pref.) — 0 8 0 INSURANCE National 0 17 6 New Zealand 2 15 0 South British 2 5 0 Standard 2 15 0 — LOAN AND AGENCY National Mortgage ■ — 1 18 0 Trustees’ Executors (Dunedin) 4 0 0 MEAT COMPANIES N.Z. Refrigerating (20/- paid) 0 18 0 (10/- paid) 0 8 10 0 9 1 Southland Frozen Meat 1 7 9 — SHIPPING Unioti Steam Ship Co’ (pref.) 1 5 3 WOOLLEN MILLS Bruce (ord.) 0 12 6 — Kaiapoi (ord.) 0 11 0 Mosgiel 9 2 6 Oamaru 0 15 0 Wellington Woollens (ord.) — 5 10 0 MISCELLANEOUS Australian Consolidated Industries 2 O’ 6 Australian Iron and Steel (pref.) 1 8 0 Broken Hill Pty. 3 19 3 Colonial Sugar Co. 51 0 0 —— G. J. Coles 3 18 0 Christchurch Gas 1 4 9 Dominion Fertilizer 1 4 3 Dominion Rubber Co. —— 1 0 0 McDuil’s Ltd. 0 2 0 McKenzie’s Dep. Stores, Ltd. 2 1 0 " — McLeod Bros’ Soap 28 5 0 Milburn Lime and Cement 1 15 6 New Zealand Drug 3 8 9 Otago Daily Times 2 0 8 Permanent Building Society 5 14 0 Wilson’s (N.Z.) Cement 0 17 3 Woolworths Ltd. 1 5 0 1 5 6 Woolworths (N.Z.) 0 17 7 Woolworths Properties Ltd. 1 3 9 — MINING Electrolytic Zinc (ord.) 3 1 9 Gillespie’s Beach 0 0 10 Mount Lyell 1 13 0 Mount Morgans 0 10 2 Mount Morgan • (pref.) - 1 1 0 Nokomai 0 1 8 0 2 0 Okarito 0 2 9 Austral N.Z. 1 6 3

£> s d Stock 1953-57 3Jp.c. 92 0 0 do. 1948 4 p.c. 100 17 6 do. 1949-52 4 p.c. 98 10 0 Amalgamated Brick (Auck.) 1944 6 p.c. 98 0 0 National Bank of N.Z. 2' 2 9 National Insurance 18 0 N.Z. Insurance 2 17 0 South British 2 7 0 do. 2 7 3 A.C.I. 2 1 6 Broken Hill Propty. 4 2 0 Electrolytic Zinc (ord.) 3 2 3 N.Z. Newspapers (2) 1 10 0 Woolworths (N.Z.) 17 9 Woolworths (Syd.) 1 5 2 Emperor 11 9 do. (3) 11 10 Mount Lyell (2) 1 13 3 do. (2) 1 13 4 Unofficial List Modern Shoes 10 0 Selfridges (Aust.) 10 3

£ s d 3j}p.c. Stock 1941 (Mon.) 100 0 0 Broken Hill Propty. (Mon.) 4 0 0 McKenzie’s Department Stores (Mon.) 2 2 0 4 p.c. Stock 1948 (2) 100 17 6 do. 1952 (2) 98 10 0 N.Z. Breweries 1 16 0 Electrolytic Zinc (ord.) 3 2 3 Emperor Mines 11 11 Mount Lyell 1 13 3 G. J. Coles 3 19 6 Woolworths (N.Z.) 17 9 Unofficial List Selfridges (Australasia) (2) 10 0

£ 8 d Kaiapoi Woollens (7/- paid) 12 2 Taranaki Oilfields 6 0 Mount Lygll (3) 1 13 0 Sales Reported N.Z. Government 4p.c. Inscribed 1949-52 (Mon.) 98 10 0 Hays Ltd. (Mon.) 1 0 0 McKenzies Ltd. 2 1 6 DUNEDIN £ s d 4p.c. Stock 1943-46 99 0 0 do. 1949-52 98 10 0

Sales:— £ s d Colonial Sugar 48 0 0 Bank of N.S.W. (ex div.) Commercial Banking of 25 13 0 Sydney 18 8 0 Australian General Insurance 17 0 Howard Smith 1 4 0 Tooth’s Brewery 2 11 9 G. J. Coles Woolworths 3 10 6 ' 1 2 10i Consolidated Industries 1 16 Morts Dock 17 0 Mauri Bros. 3 9 0 Electrolytic Zinc 2 16 6 Broken Hill Propty. 3 13 3 do. (new consol.) 19 0