COMMERCIAL.

Timaru Herald, Volume CXXXVI, Issue 19105, 10 February 1932, Page 14

COMMERCIAL.

SYDNEY STOCK EXCHANGE. INVESTORS OPERATE WITH CAUTION. t'nited Press Association By Electv Telegraph—Copyrlgnt (Received February 9. 10.30 p.m.) SYNDEY. February 9. Investors continue to operate with considerable caution dut to the uncertain political future, and the New South Wales default in overseas interest. The decline of Commonwealth bonds noted yesterday was partially checked to-day. Only one issue, the four per cents of 1941 issue, being weaker. However, the volume of business was below normal. Banks, steam, insurance, gas shares and better class industrials are inactive, reflecting general weakness. Sales reported are:—Bank New South Wales £29 19/6, Bank of Adelaide £5 7/6. National Bank. £5 paid, 114/-, Australian General Insurance 8/3, Colonial Sugar (New Zealand delivery) £44, Huddart Parker 28/6, New Zealand Inscribed Stock, 51. per cent., 1937 issue £ll2/10/-, Australian Gas B 115/-, Henry Jones 28 -. Victoria Nyanza 19/6, Tooths 26/10*, Dunlop Perdriau 12/2, British Tobacco 29/6, Goldsbrough Mort 25/3, Broken Hill Souths 47/6, Zinc Corporation 30/-. At Melbourne, the early sales included: —Commercial Bank 16/2, Commercial Bank pref. 139/-, Colonial Gas 21 3, North Broken Hills 69/3, Mt. Lvell 22/-. TEMUKA SALE. FAT CATTLE AND LAMBS FIRMER. Fat Cattle.—About 80 head were yarded at Temuka yesterday and the quality was better than it has been for j some time. Butchers bid freely on the well-finished beasts, and taken all round the sale showed an improvement of about £1 per head. Best steers made up to £9; other sorts, £6 to £7 10/-; fat cows, £3/12/6 to £7; fat heifers, £4/15/- to £6/15/-. Only two small vealers came in, these making 15/- a head. In marked contrast to the fat cattle sale, was the store market. Most of the cattle sold brought very low money, and in some cases the auctioneers could not get bids. Bulls made up to £3; steers, two to three-year-olds, 26/to £2/10/-; empty cows, 5/- to 22/-; i empty heifers, 30/-. I A short yarding of dairy cows sold at j late rates. Two springing heifers reali ised £2/5/-, whilst springing cows made from £4/10/- to £6:2/6. Fat Lambs.—The yarding was the largest and the best conditioned to be auctioned this season, about 1100 selling to spirited competition by exporters. The best sale of the day was 15/11 for a splendid line of well-finish-led lambs. Most of the sales were at j from 11/- to 14/6, and one line of small j sound quality made 9/4. Fat Sheep.—Nearly 1300 fat ewes were yarded, which was the largest for ' a long time, and the quality taken all | over was excellent. Although the marj ket opened firm at last week’s rates, an | easing tendency was noticeable to- | wards the end of the sale, this of I course, being for butchers’ quality ewes. The exporters were operating I freely on suitable weights, most of their | purchases being at from 5/- to 7/-. The j best ewe sale was 12/3. Other butchers’ j sorts brought from 7/6 to 10/9.

Not many pens of fat wethers were yarded. The range of values was from 14/- to 17/6. A line of two-tooths suitable for Home killers found buyers at 11/2.

Store Sheep.—The rape lambs in this section attracted most attention, and anything showing condition elicited keen bidding, lambs making from 7/2 to 7/7. Three hundred aged crossbred ewes were sold at 4d per head; threequarterbred two-tooth wethers, 8/6 to 9/6.

The pig yarding was a small one. and weaners sold at the prices ruling at the previous Temuka sale, viz., 9/- to 12/-. Porkers made to 35/-, and store pigs from 16/- to 20/-.

CHRISTCHURCH STOCK EXCHANGE.

LATEST QUOTATIONS. (Special to the " Herald."! CHRISTCHURCH. February 9. The following quotations were ruling

THE DAY'S SALES. Sales on 'Change.—New Zealand Government 51 per cent. Inscribed, 1933, £9B/17/6 (2); New Zealand Government 51 per. cent. Inscribed, 1937, £99/10/-; Commercial Bank of Australia, 14/3 (2), 14/2; Goldsbrough Mort., 22/-, 21/11; New Zealand Refrigerating (£1 paid, ex div.), 10/6 (2); British Tobacco, 26/1; Golden Dawn, 9/-, 8/8, 8/6 (2), 8/7 (2), 8/2 (2), 8/-, 7/11, 7/9, 7/8, 7/7, 7/6 (2), 7/SJ, 7/6 (2), 7/54; King Solomon, 1/11; M&hakipawa, 24d (2); Okarito (cum. div.). 9/5 (3). Sales reported.—Commercial Bank of Australia, 14/3, 14/4. INSURANCE COMPANY DIVIDEND. By Telegraph—Press Association DUNEDIN, February 9. The directors of the Standard Insurance Company declared a dividend of 1/3 per share for the half-year ended December 31. 1931.

when the Stock Exchange closed after the afternoon call:— Buyers Sellers £ s. i. £ s. d. N.Z. Govt. Debs.— 4£ p.c. Inscr., 1938 94 15 0 95 2 6 p.c. Inscr., 1939 )4 15 0 95 2 6 44 p.c. Bonds, 1938 94 17 6 95 0 0 4i p.c. Bonds, 1939 94 15 ) 95 2 6 51 p.c. Inscr., 1933 98 0 ) 99 0 0 5k p.c. Inscr, 1937 — 96 12 6 51 p.c. Inscr., 1941 — • 97 5 3 p.c. Inscr., 1933 98 15 ) 99 0 0 5k p.c. Inscr., 1937 99 7 6 99 12 6 5k p.c. Bonds, 1933 98 17 6 — Other Debentures— Ch.Ch. City, 51 p.c. 1954 — 96 0 0 Waimakariri River Trust, 51 p.c., 1965 96 0 0 Waitomo County, 6 p.c., 1964 . . . — 100 0 0 Hauraki Plains, 6 p.c., 1962 . . . — 100 0 0 Ashburton Electric Power, 55 p.c., 1934 — 100 0 0 St. Kilda Borough, 6i p.c., 1932 . . 105 10 0 108 0 0 Banks— Comm, of Aust. . 0 14 1 0 14 2 Comm, of Sydney • — 15 0 0 E.S. & A National of A/asia. 4 7 0 4 8 6 (£10 paid) . . 10 2 6 10 17 6 National of A/asia. (£5 paid) . . . 4 18 0 — National of N.Z. . New South Wales 3 5 0 3 12 0 (cum div.) . . . 25 0 0 26 10 0 New Zealand . . . New Zealand (“D” 2 5 0 2 5 4 Mort. Shares) . 1 5 6 — Union of Aust. . . 7 0 0 7 6 6 Insurance — New Zealand (cum. div.) — 2 0 0 Queensland . . . — 2 4 0 South British . . 2 8 6 2 12 0 1 Loan and Agency Goidsbrough Mort. 1 1 9 1 2 0 Mutual Benefit . . United Building — 11 12 6 Society .... — 0 15 0 1 Shipping— Huddart Parker . 1 4 0 Union (pref.) . . 0 19 10 1 0 6 Frozen Meat — N.Z. Refrigerating (£1 paid, ex div) N.Z. Refrigerating 0 10 5 0 10 8 (10/- paid, ex div.) 0 4 2 0 4 3 Woollens— Kaiapoi (17/- pd.) 0 6 0 0 8 0 Mosgicl 6 17 6 — Wellington (pref.) — 5 10 0 Coal — Grev Valley . . . _ 0 15 0 j Westport .... — 1 3 0 • Stockton (ord.) 0 0 5 i Stockton (pref.) . 0 0 9 0 1 3 1 Gas — I Auckland 1 2 0 _ i Auckland (contr.) 0 15 0 — 1 Christchurch . . 1 5 3 1 5 9 Breweries— New Zealand . . . 1 4 10 1 5 1 Timaru (7/6 paid) — 0 5 9 Tooths 1 2 7 1 3 10 White Star . . . 0 10 0 Miscellaneous — Allied Motors . . 1 A m algamated 0 0 10 0 1 3 1 Wireless (cont.) — 0 18 0 I Aust. Distillery . . — 0 18 0 1 Australian Glass . j Beath and Co. 1 2 0 1 10 0 (1/- paid) . . . — 0 1 0 Beath and Co. (pref.) .... 0 19 10 1 2 11 British Tobacco . Dominion Builders 1 6 0 1 6 Supplies . . . Dunlop Perdriau 0 1 6 0 2 6 Rubber .... 0 10 4 0 11 0 Electrolytic Zinc 9 (pref., cum div) 1 0 0 1 0 Henry Jones Co-op 1 3 0 — Glenmore Brick & Tile — 1 2 6 Herald and Weekly Times 1 11 0 1 19 6 Mt. Lyell N.Z. Farmer s’ 0 19 4 0 19 7 Co-op. (“A” pref.) _ 1 0 0 N.Z. P a r m e r s’ Co-op. ( “B ’ pref.) — 0 15 0 N.Z. Farmers’ Co.-op., (6i p.c. Stock, 1940) . . 36 0 0 53 0 0 N.Z. F a r m e r s’ f Co-op. (6i p.c. Stock, 1945) . . 35 0 0 53 0 0 North Canterbury Co-op. Flour 0 10 6 United Pictures . Whitcombe and 0 12 6 1 1 Tomb., .... 2 13 0 — Wool worths (N.Z.) (pref.) . . . . 1 4 9 — Wunderlich . . . 0 7 0 Rural Bonds . • . 85 10 0 92 0 0 Mining— Alexander . . _ 0 19 0 Alexander (contr.) 0 7 6 0 15 Cornish Point . . 0 0 2 0 0 Golden Dawn . . 0 7 4 0 7 5k Golden Point . 0 0 8 0 0 King Solomon . . 0 1 10 0 1 Mahakipawa . . . 0 0 Ik o 0 Do. (pref.) . . . . 0 0 1 Okarito (cum div) 0 9 3 5 Waihi Waihi Grand 0 17 1 0 17 4 Junction . . . . 0 3 9 0 4 0 Blackwater . . . 0 4 9 0 5 2