COMMERCIAL

Southland Times, Issue 24684, 4 March 1942, Page 3

COMMERCIAL

| BANKING SHARES I QUIET INVERCARGILL STOCK EXCHANGE There were no buyers for banks or insurance companies’ shares on the Invercargill Stock Exchange yesterday. The miscellaneous section was also very quiet. Quotations were as follows:— Government Debentures.—4 p.c. Stock 1943-46, b £lOO/10/-; 4 p.c. Stock 1946-49, b £lO3/10/-; 4 p.c. Stock 1952, b £lO5/10/-; 4 p.c. Stock 1952-55, b £lO5/15/-; 3» z h p.c. Stock 1953-57, b £lOl/10/-; 31l p.c. Stock 1956-59. b £100; 3 ! / 4 p.c. Stock 1957-60. b £lOl/5/-; War Loan 1953, b £B7/2/6; 2’,4 p.c. War Loan 1946. b £96. Banks. —Australasia, s £B/10/-; National of New Zealand, s £l/18/6; New South Wales, s £26; New Zealand, s £l/17/6; New Zealand Long “D” issue, s £l/10/6. Breweries.—Dunedin Brewery Company, s £1; New Zealand Breweries, s £l/13/6. Coal—Kaitangata, s £l/13/-; Westport Coal, s £l/4/6; Westport Stockton (ord.), b 2/4. Insurance. —National, s 18/9; New Zealand, s £3/2/6; South British, b £2/11/-. Loan and Agency.—National Mortgage, s £2; Perpetual Trustees, b £2/10/-; Trustees’ Executors (Dunedin), b £4/4/-; Wright, Stephenson (pref.), s £l/0/3. Meat Companies.—New Zealand Refrigerating (10/- paid), b 7/3, s 8/-; Southland Frozen Meat, s £l/14/-; South Otago Freezing Company, b £5/2/6. Shipping.—Union Steam Ship Company (pref.), b £l/6/3. Woollen Mills.—Bruce (pref.), b £1; Kaiapoi (cont.), b 6/3. Miscellaneous.—Australian Consolidated Industries, s £2; Broken Hill Proprietary, s £l/15/-; D.I.C. (ord.), b 14/6; Dominion Fertilizer, s £l/2/9; Donaghy’s Rope and Twine, s £2/10/-; McDuffs Ltd., s 9/-; McLeod Bros’ Soap, b £25; Milburn Lime and Cement, b £l/14/-: New Zealand Guarantee Corporation, s 3/-; New Zealand Paper Mills, s £l/13/6; Wilson’s (N.Z.) Cement, s 18/-; Woolworths Ltd., s 12/6; Woolworths (N.Z.), s 14/-. Mining.—Big River, s 9d; Gillespie's Beach, b 2d; Mount Lyell, s £l/3/6; Nokomai, b 3d. DUNEDIN Sale Reported.—New Zealand Insurance £3. CHRISTCHURCH Sales Reported.—3 p.c. Inscribed Stock 1951-54 £9B/12/6; New Zealand Breweries £l/12/6; New Zealand Farmers’ Co-opera-tive (A pref.) £l/13/6; New Zealand Newspapers £l/12/-; Woolworths (New Zealand) 12/3 (3). WELLINGTON Sales—3>/ 4 p.c. Stock 1957-60 £lOl/15/(2); Bank of New Zealand £l/17/-. Unofficial List.—Associated Motorists’ Petrol (pref.) £l/6/-; J. J. Niven and Company 11/-; Paparoa Coal 5/-; Mayfair Ltd. 17/6; Shanes (13/9 paid) 7/6. AUCKLAND Sales—War Loan 1951-54 3 p.c. £9B/10/-; Commercial Bank 13/3; New Zealand Breweries £l/12/6; Union Oil £l/6/6; Reid Rubber £l/2/- (2); Woolworths (N.Z.) 12/3. Unofficial.—Silknit 9/6. STOCK SALE AT LORNEVILLE

Freezing And Butcher Ewes In Demand

Freezing and butchers’ ewes and wethers were in demand at the Lorneville stock sale yesterday. Large yardings of fat sheep and store sheep were offering and competition was keen.

Yesterday's yardings and last week’s were as follows:—

FAT SHEEP— There was a" full yarding in this section consisting mainly of ewes, the majority of which were freezing weights. Good quality wethers were in short supply. The competition for freezing ewes was quite keen and wethers and good butcher-quality ewes showed a slight improvement over the previous week. Prime quality wethers made up to 29/9, good quality medium weights 26/6 to 28/3, and lightweights 24/- to 25/6. Good quality butchers’ ewes made from 10/6 to 12/- and overweights 8/6 to 9/6, with freezing ewes from 11/- to 13/9, according to weight and quality. FAT LAMBS— There was only a small entry in the fat lamb section, the competition for which was restricted mainly to export buyers. Values were in keeping with export schedule rates. FAT CATTLE— The entry in the fat cattle section was larger than butchers’ requirements and in the absence of any material outside competition prices were easier for all classes, more particularly cows and unfinished sorts, by £1 to £l/10/- a head. Some good-quality bullocks and heifers were included, but the majority of the yarding consisted of cows of medium and unfinished sorts. Good-quality medium-weight bullocks made £l3/5/- to £l4, handy weights £ll/15/- to £l2/10/-, lightweights £lO/10/to £ll/5/-, good-quality heifers to £ll/10/-, handyweights £9/15/- to £lO/10/-, lightweights £B/5/- to £9, small £6/10/- to £7/10/-. Prime quality cows made from £9 to £9/15/-, medium £6/15/- to £7/10/-, unfinished £5/5/- to £5/15/-, aged and inferior £2/15/- to £3/10/-. STORE SHEEP— The market in the store sheep section was firm. Best two-tooth ewes made 37/-, average sorts 33/- to 35/-, with smaller sorts down to 30/-.

STORE CATTLE— The store cattle yarding was a small one and values were much the same as those ruling at recent sales. Best empty cows made up to £5/10/-, good forward condition empty cows £3/10/- to £4/10/-. and aged sorts £l. A pen of good empty heifers in forward condition made £5/15/- and well-grown three-year-old heifers sold up to £5/9/-. Prices for small calves ranged from £l/15/- to £2/5/-. McNAB STOCK SALE Four pens of sheep made up the yarding at the fortnightly McNab stock sale yesterday. A line of maiden ewes was sold at 11/6 and a pen of 60 ewe lambs realized 21/-. Rape lambs brought 18/1 and 18/10 and wether lambs sold at 18/10. WOOL APPRAISAL ON FRIDAY A fairly large number of bales will be offered at the third wool appraisal of the Southland season on Friday. The wool is in good condition and the offering comprises a large proportion of ewe fleeces. The mercantile firms have supplied their approximate offerings as follows:—J. G. Ward and Co., Ltd , 2800 bales; J. E. Watson and Co., Ltd.. 1400; National Mortgage and Agency Co., Ltd., 4700; J. R. Mills and Son, 1400; Dalgety and Co., Ltd., 3000; Henderson and Co., Ltd., 1300; New Zealand Loan and Mercantile Agency Co., Ltd., 1600; Wright, Stephenson and Co., Ltd., 5550.

Fat cattle March 3. February 24. 1600 131 Store cattle 70 148 Dairy cows 5 5 Fat sheep 1615 1959 Fat lambs 181 200 Store sheep 7058 7100 Vealers 16 16 Bulls 2 1