COMMERCIAL

Southland Times, Issue 24536, 10 September 1941, Page 2

COMMERCIAL

BANKING SHARES QUIET INVERCARGILL STOCK EXCHANGE Banking shares were quiet and unchanged on the Invercargill Stock Exchange yesterday. The inquiry for Government Stocks was still a little restricted. Quotations were as follows: — Government Debentures. —4 p.c. Stock 1946-49, b £lO5/10/-; 4 p.c. Bonds 1946-49, b £lO5/10/-; 4 p.c. Stock 1949-52, s £107; 4 p.c. Stock 1952-55, b £106; 4 p.c. Bonds 1952- b £106; 344 P-c. Stock 1953-57, b £lOl/15/-; War Loan (issued 1940), s £B7 10/-; 344 Stock 1956-59, s £lOO/10/-. Local Body Debts.—lnvercargill City (long term), b £lO5. Banks.—Commercial, b 15/-, s 15/6; National of New Zealand, b £l/19/-; New Zealand, s £2/0/3; New Zealand Long "D” issue, b £l/10/9; Union of Australia, b £6 17/6. Breweries.—Dunedin Brewery Company, s £l/1/-; New Zealand Breweries, b £l/14/9, s £l/15/3. Coal.—Kaitangata, b £l/11/6; Westport Coal, b £l/3/3; Westport Stockton (pref.), b 6/6. Insurance.—National, s 19/9; South British, s £2/17/-; Standard, b £3/1/Loan and Agency.—National Mortgage, b £l/14/6; Trustees’ Executors (Dunedin), b £4/5/-; Wright, Stephenson (pref.), b 19/-; Perpetual Trustees, b £2/10/6. Meat Companies.—Gear Meat Company, b 13/9; New Zealand Refrigerating (£1 paid), b 19/4; (10/- paid), b 8/9, s 9/-; Southland Frozen Meat, b £l/12/-. Shipping.—P. and O. Stock, b £l/10/-. Woollen Mills.—Bruce, b £l/2/6, s £1 3/-; Kaiapoi (ord.), b 17/3; Mosgiel, b £lO 5/-; Timaru, b 16/4; Bonds Hosiery, b £1 7/-. Miscellaneous.—Broken Hill Proprietary, b £2/2/6; G. J. Coles, b £3/5/6; D.LC. (pref.), b £l/4/-; Dominion Fertilizer, b £l/3/-; Dominion Rubber Company, s £1 1/-; Donaghy’s Rope and Twine (rights), b 14/8; McDuffs Ltd. (ord.), b 8/9, s 9/3; Milburn Lime and Cement, b £l/18/-: New Zealand Drug, b £3/17/6; New Zealand Guarantee Corporation, b 2/6; New Zealand Paper Mills, b £l/11/6; Otago Daily Times, b £l/16/6; Woolworths Ltd., b 17/9; Woolworths (N.Z.), b 14/-, s 14/6. Mining.—Broken Hill South, b £l/6/6; North Broken Hill, b £2/1/-; Electrolytic Zinc (ord.), b £2/13/-; (pref.), b £2/14/6; Gillespie’s Beach, s 3d; Mount Lyell, b £1 7/3, s £l/8/6; Mount Morgans, b 9/G; Nokomai, s 1/-; Okarito, s 1/3; Waihi Investments, b 4/-, s 5/-; Rawang Tin, b 8/4; Grey River, b 15/-. DUNEDIN Sales.—4 p.c. Stock 1952-55 £107; Kaiapoi (ord.) 17/6; Donaghy’s (rights) 15/-; Woolworths (N.Z.) ord. 14/2; Woolworths (Sydney) 18/1. CHRISTCHURCH Sale ’on Change.—D.l.C. (10/- paid) 14/3. Sales Reported.—344 p.c. Inscribed Stock 1953- £lO2/5/- (2); National Development Loan 344 p.c. 1956-59 £lOO/2/6; Kaiapoi Woollens (17/- paid, cum div.) 17/9; Australian Alloy Steel 7/10; Beath and Company (pref.) £l/3/6 (cum div.); Woolworths Ltd. 18/- (2); Colonial Sugar £56/5/-. WELLINGTON Sales.—Union Bank £7/2/6; New Zealand Government Stock 4 p.c. 1946 £lOl/12/6; Napier Borough 444 p.c. 1958 £lO9/10/-; Bank of New Zealand £2; Woolworths Ltd. 18/-; Dominion Fertilizer £l/3/-; United Provisions 8/6. AUCKLAND Sales.—War Loan 1953 £B7/5/-; Stock 1943-46 4 p.c. £lOl/12/6; Auckland Gas (perpetual stock £99; Commercial Bank of Sydney £lB/17/6 (odd lot); Auckland Gas (cont.) 2/6 (odd lot); Claude Neon 15/-; Donaghy’s Rope (rights) 15/- (2); Dominion Breweries £l/10/-; Alloy Steel (Aust.) 7/10; Woolworths (N.Z.) 14/2; Woolworths (Sydney) 18/-. Unofficial List.—Farmers’ Trading (C pref.) £l/0/3. HIGH PRICES FOR BULLOCKS STOCK SALE AT GORE High prices were secured for bullocks at the fortnightly Gore stock sale yesterday. Thirty-five head of fat cattle were offered and the first bullock auctioned realized £l6/5/-. This value was exceeded as the sale progressed and the top price of the day was £lB/17/6 for a bullock sold on account of Mr C. W. H. Tripp. Fat cows and heifers also met with a keen inquiry. Speyed heifers realized from £lO to £ll/2/6 and maiden heifers from £9/2/6 to £ll. Fat cows ranged in value from £lO 12/6 to £ll/12/6. A feature of the sheep yarding was the price of 40/3 obtained by Mr A. Hall, of Freshford, for a line of nine fat wethers. Other wethers brought up to 33/3 and fat ewes ' were sold at up to 27/3. DUNEDIN RABBITSKIN SALE

(Special) DUNEDIN, September 9. The Dunedin Stock Agents’ and Woolbrokers’ Association reports that at today’s rabbitskin sale brokers submitted catalogues totalling about 47 tons. The demand was exceptionally strong for all desepritions, values all over showing an improvement on late quotations. Outgoings and winters elicited keen competition and were on the average 3d to 6d dearer, the greatest appreciation being on does. All other grades sold readily at prices Id to 3d better. First winter bucks sold to 185 d, first winter does to 173 d, second winter bucks to 176 d, second winter does to 164 d, furrier does to 156 d, spotted winter bucks to 155 d, spotted winter does to 154 d, outgoing winter bucks to 138 d, outgoing winter does to 131 d, runners 77d to 82d, racks 88-'>d to 131 d.

The official range of prices was as follows: Small 57£d to 60d per lb, runners 77d to 82d, racks 88Jd to to 176 d, second winter does 160 d to hareskins 61jd to horsehair 25d to 91d, summers 85d to 88£d, spotted winter bucks 146 d to 155 d, spotted winter does 140 d to 154 d, second winter bucks 172 d to 176 d, second winter does 160 d to 164 d, first winter does 171 d to 185 d, outgoing winter bucks 124 d to 138 d, outgoing winter does 114 d to 131 d, furrier does 152 d to 156 d, spring bucks 102 d to 121 d, spring does 99d to 113 d, stained does HOd to 112 d, first milky 97id to 102 d, milky 89-Jd to 94Jd, summer broken 81d to 85d, autumn broken 92d to 94|d, second winter broken 98d to 981 d, first winter broken lOld to 102 d, summer fawns 75d to 76d, autumn fawns 92d to 97d, first winter fawns 1261 d to 139 d, summer black 77d to 83d. autumn black 99d to 119 d, first winter black 137 d to 150 d, first hareskins 901 d to 95d, hareskins 61£d to 84£d, horsehair 25d to 29d, first ferrets 8/1 to 11/10, second ferrets 3/- to 7/-, ferrets (white).3/10 to 6/-. SUCCESSFUL CLEARING SALE A successful clearing sale was conducted by the National Mortgage and Agency Co., Ltd., at Tisbury on behalf of Mr J. F. Evans. Most of the livestock brought satisfactory prices. An outside entry, a seven-year-old mare on behalf of Jack Brothers, Tisbury, was not sold. The following prices were realized:— 12 dairy cows from £6 to £l2/5/-, 2 heifers at £lO/15/- and £B/5/-, one yearling heifer £4/2/6, one Holstein bull £l, one aged mare £B, one yearling colt £5, dray £lO, frame £l, jogger £l5, limesower £9/5/-, mower £2/5/-, scuffler 6/-, 6cwt bonedust £2 17/6, netting £l, collars and hames £2 15/-, milk cans £l/5/-, £2/12/6, £1 5/-, 10/-, S.F. plough £5, tyne harrows and tree £l/15/-, trees and chain £2, spring cart and harness £7/15/-,