FINANCE AND COMMERCE

Taranaki Daily News, 30 May 1933, Page 12

FINANCE AND COMMERCE

SALES OF STOCKS AND SHARES. NEW ZEALAND EXCHANGES. Sales on New Zealand stock exchanges yesterday are reported by the Press Association as follows:— Wellington: Four per cent. Government Stock (1955), £lOO 10s. Dunedin: Okarito Ils 3d (two lots). Reported sales: Waitahu -7s (late on Saturday); Lawson’s Flat Is 7d. Christchurch: 4 per cent, inscribed stock, 1946, £lOO 10s; 4 per cent, inscribed stock, 1949, £lOO 12s 6d, £lOO 16s; Commercial Bank of Sydney, £l5 17s 6d; Bank of New South Wales (cum div.), £3O 10s; Goldsbrough Mort, 24s Id (five parcels), 245; United Building Society, 17s 2d; New Zealand Refrigerating (10s paid), 4s 3d (4), 4s 4d; Christchurch Gas, 275; Burns Philp, 50s 6d; Dunlop Rubber, 18s; Electro. Zinc (pref.), 31s; Wilson’s Cement (cum div.), 31s; Woolworths (Sydney) (pref., new, £1 paid), 255; Kildare, 2s 2d; Okarito (cum div.), Ils 4d (2), 11s 3Jd; Lawson’s Flat (13 paid), Is 6Jd. Sales reported: Electro. Zinc (pref.), 31s; New Zealand Drug Co., 65s 6d; Woolworths (Sydney) (pref., new, £1 paid), 255; Woolworths (Sydney) (pref., new, 10s paid), 16s. Unlisted sales: Bell Hooper, lid (6). Auckland: New Zealand Government Stock, 1940, 4 per cent., £lOO 7s. 6d.; do., 1946, 4 per cent., £lOO 2s. 6d., £lOO 55.; do., 1949, 4 per cent., £lOO 55.; do., 1955, 4 per cent, £lOO 55.; Commercial Bank, 14s. 9d.; English, Scottish and Australian Bank, £5; Bank of New Zealand, 455. Bd.; National Insurance, 16s. 5d.; Auckland Gas (cont.), 175.; Huddart, Parker, 295. 9d.; Kempthome, Prosser, 655. 3d.; Wilson’s Cement, 30s. 4d-., 30s. 3d., 30s. 6cfL; Okarito, Ils. 4d., Ils. 3d.; Waihi, 21s. 10d., 21s. IOJd., 21s. lid. Unofficial: Aq te area (is. paid), is. 6d.; Bell Hooper, Is. SYDNEY STOCK EXCHANGE Rec. 8.30 p.m. Sydney, May 29. Sydney Stock Exchange* sales to-day were: Bank of New South Wales, £3O 2s. 6d.; Commercial Bank of Sydney, £l6; Colonial Sugar, £5B 55.; Mercantile Mutual Insurance, 18s. 3d.; Burns, Philp, 515.; Associated News, Bs. 6d.; do. (pref.), 19s. 4Jd.; Australian Gas, £7 25.; British Tobacco, 355. 4Jd.; Tooth’s Brewery, 375. 4Jd.; Toohey’s Brewery, 225. 6d.; Dunlop Pevdriau, 255.; Goldsbrough, Mort, 255.; V’inchcombe Carson, 255. 101d.‘ Wilcox Mofflin, 75.; Morris Hedstrom, 17s. 6d.; Greater J. D. Williams, 6s. 9d.; Electrolytic Zinc., 195.; do. (pref.), 31s. 9d.; Broken Hill Proprietary, 325. IOJd.; South Broken Hill, 545. 9d.; North Broken Hill. 78s. 9d. Melbourne reports the following sales: National Bank (£5 paid), £6 Is.; Commercial Bank of Australia, 15s. 4d.; Metropolitan Gas, £l3 45.; Dunlop Perdriau, 18s. 4d.; Electrolytic Zinc., 195.; South Broken Hill, 545. 6d.; North Broken Hill, 795. OKARITO GOLD PRODUCTION. By Telegraph—Press Association. Dunedin, May 28. The Okarito gold mining return is 183 oz. 2 dwt. for 120 hours. THE FORDELL SALE. The New Zealand Loan and Mercantile Agency Company, Limited, report on their Fordell sale held on May 25 as follows: “A good yarding of sheep came forward, well above advertised numbers, and buyers from Taranaki and Rangitikei were in attendance. Some very nice lines of w.f. wether lambs were yarded and keen bidding was experienced for the top lines. Two top lines from Scott Estate and Messrs. Mitchell Bros, made 9s 4d and 8s 9d respectively. A line of 320 fat and forward 6-tooth wethers from Mr. G. T. Phillips made Ils and a nice pen of 5-year ewes in-lamb to b.f. rams from Mr. W. Chamberlain made ‘9s 3d; a line of medium ewe and wether lambs from Addenbrooke Estate, Mangamahu, tasking 7s lid and 6s lid. The following prices were realised: Fat and forward wethers, Ils to 12s 6d; fat ewes, 7s 9d to 8s lOd; fat lambs, 9s lOd to 13s; wf. wether lambs, 7s 4d, 8s 9d to 9s 4d; w.f. wether lambs, medium, 3s 7s, 5s 7d to 6s lid; ewe lambs, medium, 7s lid; b.f. lambs, 6s 3d, 7s 9d to 8s; ewes in-lamb to b.f. rams, 9s 3d; forward bullocks, £3 Is to £4 4s; forward cows and heifers, 39s to £2‘ 15s. FEILDING STOCK SALE. FAT LAMBS AND CATTLE FIRM. Feilding, May 25. Prices for fat lambs were again firm at the stock sale. With a heavy yarding, fat ewes were slightly easier, and the market for breeding ewes appears satisfied, and the large offering did not sell readily. The cattle yarding was light, with a slight improvement in prices. Store cattle moved steadily at late rates. There was good inquiry for dairy cattle, winter calvers being in good demand. Fat lambs: Primest heavy, 16s; prime, 15s to 15s lid; good, 13s 9d to 14s 9d; medium lines, 12s to 12s 8d; backward, from Ils. Maiden ewes, prime 13s, good 10s 3d; prime ewes, 9s lOd; good, 8s 2d to 8s 6d; medium, 7s 4d to 8s; light, from 6s. Primest heavy wethers, 14s 3d; prime, 13s 3d to 13s 6d; good, 12s 8d; two-tooths 12s. Store sheep: Heavy yarding of breeding ewes. Two-tooth ewes, f.w. Southdown rams, 10s; four-five-year ditto, good lines, Ils to 11s 2d; others, 9s 4d to lO®, 6d; backward, 6s lOd; five-year ditto, 8s 6d to 9s 4d; m.a. ditto, 7s 3d to 9s 6d; ewe lambs, good, 8s 9d to 10s Id; culls, from 3s; wether lambs, 8s 3d to 8s 6d. Dairy cattle: A small yarding. Springing heifers, £3 10s to £4 ss; springing cows, close to profit, £5 10s to £6 10s; late calvers, £3 10s to £4 3s 6d; springing heifers, £3 19s to £4 ss; inferior, from £2 ss; cows, calved, to £2 ss. Store cattle: Yearling heifers, to 265; weaner heifers, good condition, 21s to 265; backward, 9s to 14s; yearling steers, 15s to 20s; store cows, good condition, 28s to 325; inferior, 14s to 255; heifers, r.w.b., 31s; potter bulls, 28s. Fat bullocks: Heavy, £4 Is; fat cows, heavy, £2 17s to £3 2s; light, 25s to £2 8s; Jersey steers, 30s: fat heifers, light, 37s to £2 ss. NORTHERN STEAM SHIP CO. A LOSS OF £2430. Auckland, May 28. After providing for depreciation, the accounts of the Northern Steam Ship Company, Limited, show a loss of £2430 for the year ended March 31, compared with a profit of £6BlB in the previous year. The deficit has been written off by tlie transfer of a similar sum from No. 1 insurance account and the £lBl6 brought into the accounts from the previous year is again carried forward. No dividend is recommended, as against 5 per cent, last year, and previous distributions ranging from 7 to 8 per cent. In their report for the year the directors state that the net profit, after providing for ordinary repairs, but not for depreciation, amounted to £11,223. As the amount required for deoreciation is £13,653 and exceeds the net profit by £2340, tliis sum has been charged to No.

1 insurance account. Special repairs amounting to £6320 havej as usual, been charged to No. 1 insurance account, which now stands at £43,630, as against £51,339 a year ago. DAIRY PRODUCE. NEW ZEALAND BUTTER STEADY. CHEESE MARKET QUEST. There was a decline of Is a cwt in the price of New Zealand salted butter in London last week, the market ■ closing steady at 77s to 79s and up to 80s in some cases. The prices of Continental butters showed a greater decline, Danish spot closing at 86s to 88s, a fall of 6s a cwt on the week. Tlie market for Continental butters closed quiet. The retail price of New Zealand butter is unchanged, but that of Danish is expected to be reduced Id to lid a lb in the North of England this week. The cheese market closed steady, prices showing little alteration during the week. The London office of the Dairy Board reports Friday’s closing quotations as follow, those for the previous week being shown in parentheses:— BUTTER. j New Zealand: Salted, 775, 79s to 80s (78s to 81s; May 26, 1932, 96s to 98s); unsalted, 79s to 82s (79s to 82s; May 26, 1932, 96s to 100 s); 77s to 79s equals approximately 8.93 d f.o.b. First whey, 72s (725); second whey, 70s (70s). Deliveries, New Zealand, 1362 tons. In store, 9400 tons, includes 950 tons ex Gallic and Port Dunedin. Australian: Salted, 76s to 78s (77s to 795); unsalted, 77s to 80s (78s to 80s). Deliveries, Australian, 1950 tons. _ In store. 4800 tons. Argentine, unsalted, 74s to 76s (72s to 765). Danish: 67s f.0.b., 86s to 88s spot (71s; 92s to 945). Dutch, Unsalted, 88s to 94s (92s to 965). Latvian, unsalted, 76s to 77s (78s to 80s). Lithuanian, unsalted, 76s (78s). The board has also received the following advice from its agents in Canada: Butter: New York, 22 cents; Montreal. 184 cents a lb. CHEESE. New Zealand: White, 475, 47s 6d to 48s (5.04 d f.0.b.) (48s to 495; May 26, 1932, 57s to 58s); coloured, 53s to 54s (s£d f.0.b.) (54s to 555; May 26, 1932, 57s to 58s). Deliveries, New Zealand, 17,604 crates. In store, 117,836 crates, includes 5200 crates ex Port Dunedin. >

Canadian: White, 66s to 68s (66s to 725); c.i.f. new season’s cheese, coloured only, 535. Deliveries, Canadian,, 3600 boxes. In store, 64,500 boxes. English finest farmers, 80s to 103 s (80s to 103 s).