COMMERCIAL

Southland Times, Issue 24548, 24 September 1941, Page 2

COMMERCIAL

WOOLLEN SHARES IN DEMAND

INVERCARGILL STOCK EXCHANGE Woollen companies’ shares were again in strong demand on the Invercargill Stock Exchange yesterday. Frozen Meat companies’ scrip was also sought after. Quotations were as follows. — Government Debentures.—4 p.c. Stock 1943-46, b £101; 4 p.c. Bonds 1943-46, b £101; 4 p.c. Stock 1946-49, s £106; 4 p.c. Bonds 1946-49, s £106; 4 p.c. Stock 195255, b £lO6/10/-; 4 p.c. Bonds 1952-55, b £lO6/10/-; 3>/ 2 p.c. Stock 1953-57, b £lOl 10/-; War Loan 1953, b £B7. Banks.—Commercial, b 14/9, s 15/6; National of New Zealand, s £2; New Zealand, s £2/0/6; New Zealand Long “D” issue, s £l/12/-; Union of Australia, s £7/7/-. Breweries.—Dunedin Brewery Company, s £l/0/6; New Zealand Breweries, b £1 15/6. Coal.—Kaitangata, b £l/11/9; Westport Coal, b £l/4/-. Insurance.—National, b 19/6; South British, s £2/16/9; Standard, b £3/1/-. Loan and Agency.—National Mortgage, b £l/14/6; Trustees’ Executors (Dunedin), b £4/5/-; Wright, Stephenson (ord.), s 19/9; (pref.), b 19/-; Perpetual Trustees, b £2 10/6. Meat Companies.—Gear Meat Company, b 14/3; New Zealand Refrigerating (£1 paid), b 19/4; (10/- paid), b 8/9; Southland Frozen Meat, b £l/12/6; South Otago Freezing Company, b £5/2/6. Shipping.—Huddart-Parker, s £2/7/6; Union Steam Ship Company (pref.), b £1 6/Woollen Mills.—Bruce, b £l/3/-: Kaiapoi (ord.), b 16/-; Mosgiel, b £lO/7/6; Oamaru, b £l/1/3; Wellington Woollens (ord.), s £7; Bonds Hosiery, b £l/7/6; Timaru, b 16/6. Miscellaneous.—Broken Hill Proprietary, b £2/2/-; G. J. Coles, b £3/5/-; D.I.C. (pref.), b £l/4/1; Dominion Fertilizer, b £l/3/3; Dominion Rubber Company, s £1; Donaghy's Rope and Twine (rights), b 15/6; Hume Pipe (Aust.), b 13/9; McDuffs Ltd., s 9/6; McKenzie’s Department Stores Ltd., b £2/1/-; Milburn Lime and Cement, b £1 17/-; New Zealand Drug, b £3/17/9; New Zealand Guarantee Corporation, b 2/6; New Zealand Paper Mills, b £l/12/3: Otago Daily Times, b £l/17/-; Wilson’s (New Zealand) Cement, b 19/3; Woolworths Ltd., b 17/6, s 18/6; Woolworths (New Zealand), b 14/-, s 14/6. Mining.—Broken Hill South, b £l/7/6; North Broken Hill, b £2/3/6; Big River, b 8d; Electrolytic Zinc (ord.), b £2/14/-; Gillespie’s Beach, s 3d; Mount Lyell, s £l/9/6; Mount Morgans, b 9/3; Nokomai, s 1/-; Okarito, s 1/3; Waihi Investments, b 4/-. Unlisted.—Associated Motorists’ Petrol (pref.), b £l/3/-. DUNEDIN Sales.—Westport Stockton (ord.) 2/5; Donaghy’s (rights) 15/11, 16/1, 15/3 (2); Woolworths Properties £l/6/3. CHRISTCHURCH Sales on ’Change Booth, Macdonald 5 p.c. 1947 £B3; Commercial Bank of Australia 15/4; New Zealand Breweries £1 15/8; Dominion Fertilizer £l/3/6; Donaghys Rope (rights) 16/-. Sales Reported.—Donaghy’s Rope (rights) 16/I’2; New Zealand Farmers’ Co-operative 41/2 p.c. Stock 1955 £B5/10/- . Unlisted Stocks.—Sale on Change, Associated Gold Dredges (14/- paid) 13/-. WELLINGTON Sales (late Friday).—National Insurance 19/6 (2); New Zealand Refrigerating (cont.) 9/-; Dominion Breweries £l/10/4‘/ 2 ; McDuffs (pref.) 19/11; McKenzie’s £2/2/3. Sales (Tuesday)—4 p.c. 1946-49 Stock £lO5/5/-, £lO5/7/6; Wellington Investment 8/-; McDuffs (pref.) 19/11 (3); 4 p.c. 194952 Stock £lO6/10/-; Felt and Textiles (rights) 7/10; Westport Coal £l/4/6; Union Bank £7/5/- (2); Reid Rubber £l/6/6. AUCKLAND Sales.—Auckland Gas (perpetual stock) £9l/10/-; Bank of New Zealand £l/19/9; Dominion Breweries (late sale); Donaghy’s Rope (rights) 16/3 (2); New Zealand Farmers’ Fertilizer (pref.) £l/3/9; Sanford (ord.) 4/9 (late sale); Woolworths (N.Z.) 14/4 (3); Una Hill 1/6.

WOOLLY _SHEEPSKINS INQUIRY INTO APPRAISAL AND PACKING (P.A.) WELLINGTON, Sept. 23. The Minister of Marketing, the Hon. J. G. Barclay, referred today to his recent announcement about the setting up of a committee to investigate the present method of appraisal and packing fellmongering and the sale of woolly sheepskins in the Dominion. He said the personnel of the committee selected was as follows: Messrs H. M. Christie (chairman), representing the Government; R. C. Burgess, sheepskins controller; J. Fraser, manager of the New Zealand Meat Producers’ Board, representing producers nominated by the Meat Board and the Wool Council electoral committee; H. F. Carter, representing the Master Butchers’ Association (selected by the association); and F. D. Burnett, representing the Woolbrokers’ Association (selected by the association). He added that the members of the committee met him yesterday for a preliminary discussion on the order of reference for the inquiry and the committee had now begun its deliberations.

DUNEDIN RABBITSKIN SALE ADVANCE IN VALUES (Special) DUNEDIN, September 23. A good offering was submitted at today’s rabbitskin sale, approximately 45 tons being catalogued. Buyers representing the principal exporting and fur houses were in attendance and a good clearance was effected. The offering principally comprised summers, springs and outgoings with small parcels of winters. Competition was excellent and values on the average showed the following advances: — Bucks, 3d to 12d dearer; does, 2d to 8d dearer; low grades, firm to Id dearer. First bucks sold to 187 d, first winter does to 174 d, second winter bucks to 184 d, second winter does to 167 d, spotted winter bucks to 167 d, spotted winter does to 157 d, furrier does to 157 d, outgoing winter bucks to 149 d, outgoing winter does to 134 d, spring bucks to 127 d, spring does to 119 d, stained does to 117 d.

The official range of prices is as follows:—Small 54d to 60gd per lb, runners 74d to 80d, racks 86d to 88jd, summers 87d to 88Jd, spotted winter bucks 159 d to 167 d, spotted winter does 148 d to 157 d, second winter bucks 181 d to 184 d, second wintei’ does 160 d to 167 d, first winter bucks 185 d to 187 d, first winter does 173 d to 174 d; outgoing winter bucks 136 d to 149 d, outgoing winter does 119 d to 134 d, furrier does 150 d to 157 d, spring bucks 108 d to 127 d, spring does 96d to 119 d, stained does 112 d to 117 d, first milky 98Jd to 105 d, milky 901 d to 93id, summer broken 82ij d to 84d, autumn broken 92d to 94d, first winter broken 102 d to 103 d, summer fawns 76d to 78d, autumn fawns 85d to 96d, first winter fawns 115 d to 124 d, summer black 85d to 90d, autumn black 117 d to 136 d, first winter black 137 d to 150 d, first hareskins 90d to 92d, hareskins 60d to 60|d, horeshair 27|d to 32|d, first ferrets 9/1 to 11/1, second ferrets 5/1 to 8/1, ferrets (white) 1/6 to 2/6. f - -- " , -