COMMERCIAL

Southland Times, Issue 24602, 26 November 1941, Page 8

COMMERCIAL

IMPROVEMENT IN MEAT SHARES INVERCARGILL STOCK EXCHANGE There was a slightly improved tone in the frozen meat section on the Invercargill Stock Exchange yesterday. Quotations were as follows:— Government Debentures.—4 p.c. Stock 1943-46, b £lOl/10/-; 4 p.c. Stock 1946-49, b £lO3/5/-; 4 p.c. Stock 1952, b £lO4/10/-; 4 p.c. Stock 1952-55, b £lO7/10/-; 4 p.c. Stock 1954-58, b £lO7/10/-; 3’/ z p.c. Stock 1953-57, b £102; 3'/ 4 p.c. Stock 1957-60, b £99/15/-; War Loan 1953, b £88; 2>/a pc. War Loan 1946, b £97/10/-; 3 p.c. War Loan 1951-54, b £9B. Banks.—E. S. and A. Bank, s £4/2/6; National of Australasia, s £ll/15/-; National of New Zealand, b £l/19/-; New South Wales, b £27/15/-; New Zealand, b £l/19/7. Breweries.—New Zealand Breweries, b £1 16/3. Coal.—Westport Coal, s £l/5/-. Insurance.—National, b 19/10; New Zealand, b £3/12/-; South British, b £3/3/-; Standard, b £3/4/-. Loan and Agency.—Dalgety and Company, b £6/6/-; National Mortgage, b £l/19/-; Perpetual Trustees, b £2/10/6; Trustees' Executors (Dunedin), b £4/3/6; Wright, Stephenson (ord.), b 18/6; (pref.), b 19/-. Meat Companies.— Gear Meat Company, b 15/-; (10/- paid), b 9/4; Southland Frozen Meat, b £l/13/6; South Otago Freezing Company, b £5. Shipping.—Huddart-Parker, b £2/4/-; Union Steam Ship Company (pref.), b £1 7/-; P. and O. Stock, b £l/15/-. Woollen Mills.—Bond’s Hosiery, b £l/9/9; Bruce, b £l/4/6; Kaiapoi (ord.), b 17/9; Mosgiel, b £lO/10/-; Timaru, s £l. Miscellaneous.—Australian Iron and Steel, b £l/8/6; Broken Hill Proprietary, b £1 19/6; British Tobacco (Aust.), s £2/6/-; Dominion Fertilizer, b £l/3/-; Dominion Rubber Company, s 18/-; McDufTs Ltd., s 9/6; McLeod Bros’ Soap, s £27: New Zealand Drug, b £4; New Zealand Guarantee Corporation, b 2/9; Otago Daily Times, b £1 19/6; Southland Ice Cream, b £l/2/3; Woolworths Ltd., b 16/-; Woolworths (N.Z.), b 14/9; Woolworths Properties Ltd., b £l/6/-. Mining.—North Broken Hill, b £l/19/-; Big River, s 9d; Electrolytic Zinc (ord.), b £2/10/-; (pref.), b £2/11/-; Mount Morgan, b 9/-; Nokomai, s 1/-. DUNEDIN i Sales.—National Bank of New Zealand £2; McDufTs (ord.) 9/1; Woolworths (South Africa) 17/-; Martha Gold 9/2; Waihi Investments 4/2. CHRISTCHURCH Sales Reported.—War Loan 1953 £BB/5/-; Commercial Bank of Australia (pref.) £9 10/-; Broken Hill Proprietary £l/19/11. WELLINGTON Sales (late Monday).—War Loan 1953 £BB 5/-; Wellington Woollens (pref.) £7/16/-; Tuesday, Wellington Woollens (pref.) £7 16/-; 3>/ 2 p.c. Stock 1953-57 £103; War Loan 1953 £BB/5/-; Wellington Trust and Loan £4. AUCKLAND Sales.—Waihoau 1953 £BB/5/-; Auckland Gas (perpetual stock) £92/10/-; Bank of Australasia £B/12/6 (late sale); National Bank of New Zealand £2; Bank of New Zealand £2; Goldsbrough, Mort £l/7/9; Auckland Gas 7/3; New Zealand Breweries £l/16/9; Bycroft £2/6/6; Gear Meat 15/(late sale); Waihi Investments 4/2; Mount Lyell £l/6/9; Wellington Aliuvials 4/-. Overseas List.—Woolworths Holdings 17/-. SYDNEY (Rec. 10.25 p.m.) SYDNEY, November 25. Although the undertone of the investment market was firm business was restricted to popular issues. Sales.—Commercial Banking Company of Sydney £l6/17/-; Colonial Sugar £46; Burns, Philp £2/11/-; British Tobacco £2 3/6; Woolworths 15/-; Kandos £l/12/6; Vic-toria-Nyanza 9/11; Fairmead Sugar £l/11/6; Mount Lyell £l/6/-; Kuala Kampar 18/10; Emperor 9/3; North Broken Hill £l/19/6. MELBOURNE Sales.—Commercial Bank of Australia 13/1; National Bank (£lO paid) £ll/4/-; Dunlop Perdriau £l/3/10; Felt and Textiles £l/16/-; G. J. Coles £2/18/6; VictoriaNyanza 10/-; Goldsbrough £l/6/10; Loloma . £l/2/3; Mount Morgan 9/3; Wellington ■ Alluvial 3/-; South Broken Hill £l/4/3. J BURNSIDE STOCK | SALE |

PRIME CATTLE EASIER

(P.A.) DUNEDIN, November 25. An average yarding of 227 fat cattle was penned for the show week sale at Burnside compared with 310 last week. The yarding was composed mostly of prime and medium quality, extra heavy bullocks being in shorter supply. The sale opened for good quality equal to last week’s rates, this level being maintained throughout. Extra nrime heavy sorts, however, did not receive the same attention and these were easier by 15/- to £1 a head. Cows and heifers also showed an easing. Extra prime heavy bullocks made to £2l/12/6, prime £l7/12/6 to £l9/2/6, prime medium £l4/17/6 to £l6/17/6, light to £l2 12/6, extra prime cows and heifers to £l3, prime £9/2/6 to £lO/12/6, medium £7/12/6-to £B/12/6. There was a fairly large entry of 285 store cattle. All classes met keen competition at prices equal to those ruling at the last sale. A pen of wellgrown four-year-old bullocks made £l2 1/-. Good three-year-old stores brought from £lO/10/- to £ll and two-and-a-half-year-olds from £8 to £9 and oneyear and 18 months to £5/15/-. A fairly large entry of 1725 fat sheep was forward compared with a small entry of ’.189 last week. The sale opened under good competition with prices equal to the average rates of the previous week, but as it progressed there was a decided easing for all classes and over the concluding two races sales were hard to effect, even at greatly reduced prices. Extra prime woolly wethers made to 40/3, prime woolly | 33/6 to 35/9, extra prime shorn wethers to 31/9, prime 25/9 to 28/3, medium 22/6 to 23/9, extra prime young woolly ewes to 30/3, prime 24/9 to 26/-, best shorn ewes 22/6 to 25/3, prime 19/- to 21/-, medium 14/6 to 16/9, light to 13/-. There was a fairly large yarding of fat lambs, numbering 357. The numbei' forward was in excess of requirements and although the sale opened with failcompetition the market eased considerably and towards the finish sales were difficult to effect. Extra prime quality lumbs made to 30/6, prime 24/3 to 26/-, medium 21/3 to 23/-.

The offering in the fat pig section numbered 220, the best baconers making up to £5. Porkers also met with a good demand, the best sorts realizing up to £3/16/-. There was a fairly large entry of stores and these did not meet with the competition of last week’s sale. McNAB STOCK SALE A feature of. the fortnightly McNab stock sale yesterday was the sale of a pen of ewe hoggets, which brought 43/-. ’ The hoggets were offered by the Southland Farmers’ Co-operative Association, Ltd., on account of Mr R. M. Pullar, the purchaser being Mr Murray McPhail (Waikaka Valley). The yarding was a small one, but there was a good demand. Fat lambs brought up to 25/6, and fat ewes were sold from 10/- to 22/-. A fat cow realized £lO, a bull brought £4/15/- and a dairy heifer was sold at £3. WAITAKI FREEZING COY. The annual report of the Waitaki Farmers’ Freezing Company states that with tlie amount brought forward, £3805 added to the profit for the year, £7965, there is a total to be dealt with of £11,770. The directors recommend a dividend of 6 per cent, absorbing £5757, the transfer to reserve of £5OOO, and the carrying forward of £lOl2.