COMMERCIAL

Southland Times, Issue 24440, 21 May 1941, Page 2

COMMERCIAL

STOCK EXCHANGE QUOTATIONS

INDUSTRIAL SHARES RECEIVE SUPPORT

Several Australian industrial companies shares were asked for on the Invercargill Stock Exchange yesterday. Australian Consolidated Industries had buyers at £2/3/-. Broken Hill Proprietary were at £2/2/b, British Tobacco at £2/5/-, Coles at £3/0/3 and Woolworths at 16/-. There was a better inquiry for overseas mining shares, but prices were at lower levels. Quotations were as follows: — Government Debentures.—4 p.c. Stock 1940-43, b £lOO/10/-; 4 p.c. Stock 1943-46 b £lO2/10/-; 4 p.c. Bonds 1943-46. b £lO2 10/-’ 4 p.c. Stock 1946-49, b £103; 4 p.c. Stock 1952-55, b £106; 4 p.c. Bonds 1952-55, b £106; 3*/ 2 P-c. Stock 1953-57, b £101; War Loan, b £B2; 4 p.c. Stock 1954-58, b £lO6 5/-. Banks.—Australasia, b £B/5/-; Commercial, s 14/2; E. S. and A. Bank, s £4/2/6; New Zealand, b £l/16/9; Union of Australia, b £6/10/-. . Breweries.—Dominion Brewery, b £l/0/-, Dunedin Brewery Company, s £l/1/-; New Zealand Breweries, s £l/11/3; Ballins (£1 paid), 10/-. Coal.—Westport Coal, s £l/3/6; -Westport Stockton (pref.), b 6/-. Insurance. —National, b 18/3; New Zealand, b £3/1/-; South British, b £2/10/-; Standard, s £3/0/9. Loan and Agency.—National Mortgage B, s £l/1/6; Trustees’ Executors (Dunedin), b £4/2/-; Wright, Stephenson (pref.), b 19/6; Perpetual Trustees, b £2/11/6. Meat Companies.—New Zealand Refrigerating (£1 paid), b 16/-; (10/- paid), s 7/6; Southland Frozen Meat, s £l/12/-. Shipping.—P. and O. Stock, b £l/4/-. Woollen Mills.—Bruce, b £l/0/9; Kaiapoi (cont.), b 4/9: Mosgiel, b £10; -Wellington Woollens (pref.), b £6/15/-; Bonds Hosiery, b £l/5/9. Miscellaneous.—Australian Consolidated Industries, b £2/3/-; Broken Hill Proprietary, b £2/2/6; British Tobacco (Aust.), b £2 5/-; G. J. Coles, b £3/0/3; D.I.C. (pref.), b £l/3/9; Dominion Fertilizer, s £l/6/-; Dominion Rubber Company, s £1; Donaghy’s Rope and Twine, b £2/10/-; Dunlop Rubber (Aust.), b £l/0/6; McDuffs Ltd. (pref.), s 19/6; Milburn Lime and Cement, b £l/17/-; New Zealand Drug, b £3/16/-; New Zealand Guarantee Corporation, s 2/11; New Zealand Paper Mills, b £l/9/6; Wilson’s (N.Z.) Cement, b 18/6; Woolworths Ltd., b 16/1; Woolworths (N.Z.), b 13/-. Mining.—Broken Hill South, b £l/2/6; Big River, s 1/1; Electrolytic Zinc (pref.), b £2 12/9; Mount Lyell, s £l/7/9: Mount Morgans, b 9/-, s 9/6; Nokomai, s 1/6; Okarito, b 9d; Austral (New Zealand), b £l/3/-, s £l/5/-; Grey River, b 14/6, s 16/-. DUNEDIN Sales.—War Loan £B2/10/-; Milburn Lime £l/17/6. Sales Reported.—New Zealand Drugs £3 17/-; Mount Morgan 9/-. CHRISTCHURCH Sales Reported.—New Zealand Breweries £l/11/1; New Zealand Newspapers £l/9/6. Sales on ’Change.—Christchurch Gas (2) £l/1/6, (2) £l/1/5, (2) £l/1/3. WELLINGTON Sales (late Monday).—Refrigerating 17/-; Dominion Breweries £l/8/9. Sale (Tuesday).—Kaiapoi Woollens 15/6. AUCKLAND Sales.—Stock 1954-58 4 p.c. £lO7/12/6; 1940-43 4 p.c. £lOl/2/6; Amalgamated Brick 1944 6 p.c. (late sale) £lOl/5/-; New Zealand Insurance £3/2/3; Westport Stockton (late sale) 2/6; Auckland Gas 5/10; Dominion Breweries (ord.) (late sale) £l/8/9; British Tobacco (late sale) £2/7/-; Colonial Sugar £52/10/-; Farmers’ Trading £l. SYDNEY (Rec. 10.20 p.m.) SYDNEY, May 20. Investment trading was again restricted on the Stock Exchange today. Leading industrials were generally firm. Sales.—Australian Consolidated Industries £2/3/01,4; Broken Hill Proprietary£l/19/9; Rawang 8/1; Woolworths 15/3; Burns-Philp £2/9/6; Bank of New South Wales £26/4/-; Fairymead Sugar £l/12/-; Associated News 12/4; Peters 19/1 In; Morts Dock 19/-; Goldsbrough Mort £l/3/9; Adelaide Steam £1 7/3. MELBOURNE Sales.—Union Bank £6/9/-; Myer £1 10/-; Coles £2/17/9; Electrolytic Zinc (pref.) £2/12/-. RABBITSKIN SALE KEEN DEMAND FOR ALL GRADES (Special) DUNEDIN, May 20. A large offering of approximately 65 tons was submitted to auction at today’s rabbitskin sale. There was a keen demand, all grades and descriptions meeting a ready sale. Exporters held good orders and secured the bulk of the offering. New Zealand furriers also gave support, and purchased lines suitable for their trade. Winter skins were eagerly sought after, especially bucks, which realized the extreme price of 150 d per lb. As compared with the last sale’s quotations wintei grades appreciated 9d to 1/- per lb, autumn 6d to 9d per lb and other grades 2d to 3d per lb. The official range of prices is as follows; Small 46Jd to 47;|d per- lb, runners 62d to 68d, light racks 74d to 80ad, prime racks 72d to 80d, summers 62d to 62Jd, dawny autumns 75d to 85d, first early autumns 97id to 99d, second early autumns 83Jd to 86d, first late autumns llOd to 114 d, second late autumns 94d to IOOd, first incomings 134 d to 136 d, second incomings 106 d to 113 d, first early winter bucks 142 d to 146 d, second early winter bucks 127 d to 129 d, first early winter does 121 d to 123 d, second early winter does 97d to 102 d, spotted winter bucks HOd to 123 d, spotted winter does 85d to 94Jd, second winter bucks 130 d to 137 d, second winter does 95d to lOld, first winter bucks 146 d to 150 d, first winter does 124 d to 128 d, outgoing winter bucks 98-ad to llOd, outgoing winter does 79jd to 89d, summer broken 60d to 61d, autumn broken 69d to 70d, first winter broken 74d to 761 d, summer fawns 60d to 63d, autumn fawns 68d to 74Jd first winter fawns 78d to 87d, summer black 61d to 64id, autumn black 72d to 81|d, first winter black 82id to 89d, first hareskins 44d to 48d, horsehair 24d to 32d, first ferrets 10/7 to 12/-, second ferrets 3/11 to 8/11. AUCTION OF FREEHOLD PROPERTY

William Todd and Company, in conjunction with W. A. Ott and Company, Ltd., offered the Dee street freehold property of Lumsden s for auction yesterday. The bidding started at £4OOO and the final bid of £5750 was not accepted. The shop is now under offer privately by the agents. DOMINION FERTILIZER DIVIDEND (P.A.) WELLINGTON, May 20. The Dominion Fertilizer Company recommends a dividend of 4J per cent, for the year ended March 31. GORE STOCK SALE

Although there was only a small entry forward at the fortnightly Gore stock sale yesterday, the demand was good and prices remained firm. The entry was made up mainly of cattle, the biggest single entry being a line of about 80 Hereford-cross steers, offered on account of Caldwell Bros., Ferndale, by Wright, Stephenson and Co., Ltd.’The whole line was purchased by Mr M. V. Dickie (Ferndale) at £6/15/-. Fat bullocks on offer met a fairly ready sale at up to £ll/15/-, and fat heifers made up to £B/10/-, other prices being

£6/17/6 and £7/7/6. In the sheep section a small line of two-tooth ewes brought 24/9, fat wethers brought up to 28/-, and full and failing-mouth ewes made up to 10/6.