COMMERCIAL

Southland Times, Issue 24654, 28 January 1942, Page 7

COMMERCIAL

STOCK EXCHANGE QUOTATIONS

MEAT COMPANIES’ SECTION ACTIVE

A parcel of Southland Frozen Meat Company's shares changed hands at £ 1/14/- on the Invercargill Stock Exchange yesterday. Quotations were as follows. — Government Debentures—4 p.c. Stock 1943-46, b £lO2/10/-: 4 p.c. Stock 1946-49, b £lO3/15/-; 4 p.c. Stock 1952, b £lO5/10/-. s £lO6/5/-; 3',4 P-C. Stock 1953-57, b £lOl I/-- 3% p.c. Stock 1957-60. b £100; War Loan 1953, b £96/15/-; 3 p.c. War Loan 1951-54, b £9B/10/-. Banks.—New Zealand, b £l/19/3. S £1 19/9; New Zealand Long "D” issue, s £1 10/9’ Union of Australia, s £6/15/-. Breweries.—Dunedin Brewery Company, s £1; New Zealand Breweries, b £l/14/6, s £l/15/3 Coal.—Kaitangata, b £l/11/6; Westport Coal, b £l/4/9. „ „ .. Insurance.—-National, b 19/3; South British, b £2/16/9; Standard, s £3/2/6. Loan and Agency.—Goldsbrough, Mort and Company, b £l/5/11: Perpetual Trustees, b £2/10/-; Trustees’ Executors (Dunedin), b £4/4/-; Wright, Stephenson (pref.), s £l/1/-. „ . Meat Companies.—Southland Frozen Meat, b £l/13/6; South Otago Freezing Company, b £5. Shipping.—Union Steam Ship Company (pref.), b £l/6/6. , „ , Woollen Mills.—Bruce, b £l/3/-: Kaiapoi (pref.), b 18/-; Mosgiei, b £lO/15/-; Tlmaru. s 18/6. 'Miscellaneous.—Broken Hill Proprietary, s £l/17/6; G. J. Coles, b £2/15/-; D.I.C. (pref.), b £l/4/-; Donaghy’s Rope and Twine, s £2/11/6; Dunlop Rubber (Aust.), s £l/2/-; McDuffs Ltd., s 9/3; McLeod Bros’ Soap, b £25; Milburn Lime and Cement, b £l/17/-; New Zealand Farmers’ Fertilizers, s £l/1/-: Otago Daily Times, b £l/18/-; Southland Ice Cream, s £l/5/-; Woolworths (N.Z.), b 14/3. Mining.—Austral New Zealand Mining, s £l/2/-? Big River, s 9d; Gillespie’s Beach, s 2d; Grey River, s 15/-; Nokomai, b 2d, s 6d; Waitahu, s 6d. Sales Reported.—Southland Frozen Meats, £l/14/-; 1956-59 3'A p.c. Stock, £lOO/10/-. DUNEDIN Sales Reported;—National Insurance 19/6; Southland Frozen Meat (ord.) £l/14/-; Woolworths (New Zealand, ord.) 14/6. CHRISTCHURCH Sale on ’Change.—Kaiapoi Woollens (17/paid) 18/3. /Sale Reported.—New Zealand Government War Loan 1953 £B6/17/6 (3). WELLINGTON Sales on 'Change (late Monday).—Consolidated Brick 7/3; New Zealand Newspapers £l/13/6; (Tuesday) 4 p.c. Stock 1954-58 £lO7/5/-; Wellington Gas (ord.) £l/9/6; R. and E. Tlngey (pref.) £l/2/6; Woolworths (New Zealand, ord.) 14/8. AUCKLAND Sales on ’Change.—War Loan 1953 £B6 17/6; Stock 1954-58 4 p.c. £lO7/5/-; Bank of New Zealand £l/19/3 (2); South British £2/17/6; Broken Hill Proprietary £1 14/6 (2); Colonial Sugar £46; Electrolytic Zinc (pref.) £2/6/6; Reid Rubber £l/5/-; Selfridges (Australia) 18/-; Wilson’s Cement 18/114. Unofficial List Associated Gold Dredges 13/3.

PRICE OF GOLD ANOTHER AUSTRALIAN FALL A reduction in the Australian price of gold, the third in slightly more than two months, was announced by the Commonwealth Bank last week. The price was fixed at £lO/9/- a fine ounce, a fall of 1/-, and at £9/11/7 a standard ounce, a fall of lid. The rate of sovereigns was lowered by 3d to £2/8/-. Before November 18 last, when the first alteration for 14 months was made, prices had been the highest on record at £lO/14/- a fine ounce, £9/16/2 a standard ounce and £2/9/3 for sovereigns. The three subsequent reductions are understood to be due to increased realization costs by the Commonwealth Bank because of war conditions. AUSTRALIAN APRICOTS The current season’s pack of Australian canned apricots has been requisitioned by the Government for supply to the services and to meet special export requirements. The Minister of Commerce, Mr Scully, said canning of apricots had been substantially restricted because of the diversion from canning to pulping to meet the demands of the British Ministry of Food. Under this arrangement no apricots would be canned or marketed for Australian civil requirements in 1942, but it was expected that canned peaches and pears would replace the volume of canned aprleots withdrawn from the market. COLOMBO TEA AUCTION J. Rattray and Son Ltd.. Invercargill, have received the following cabled report of the tea auction held in Colombo on Tuesday, January 20:—Heavy supplies were offered, with quality showing improvement. Common teas were' slightly easier, with a decline of >/id per pound. Medium and fine kinds were in strong demand, with advances of %d to Id per pound. The quantity offered was 4,500,0001 b. At the next sale 2,500,0001 b will be offered. OPTICAL GLASS Australian optical glass, produced in a Sydney factory, is claimed to be equal to, and in some cases superior to, the; best optical glass made in Britain, America and Germany. The establishment of this new industry by Australian Consolidated Industries, Limited, means that Australia is now independent of overseas sources of supply. Optical glass is the most difficult of all glass to make. The cooling alone occupies 14 days. It is one of the war’s most urgent ordnance materials. It is needed for the lenses and prisms of telescope gunsights, dial sights, range-finders, antiaircraft gun predictors, field clinometers and directors, prismatic compasses, stereoscopes for deciphering aerial pictures, binoculars and tank periscopes. Since the Sydney factory come into production last September all these military optical Instruments have been made in Australia with Australianproduced optical glass. LAMB SCHEDULE INCREASED An increase of an eighth of a penny has been reported in the fat lamb schedule as from Monday, January 26. The following are the prices ruling at present:—First quality, 23-361bs, B§d; 37-421bs, B|d; 43-501bs, 7d; 51-561bs, 5Jd. Second quality: 23-361bs, 37-421bs, 7Jd.