COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19451, 28 March 1933, Page 14

COMMERCIAL

SYDNEY STOCK EXCHANGE. STRONG MARKET RULES. United Association—By Electric Telegraph—Copyright (Received March 27, 7.50 pm.) SYDNEY, March 27. On the Stock Exchange, a strong market ruled for popular industrial shares. Considerable business was done in the vestibule, but there was a restricted turnover on call. Brewery groups looked strong and banks were fairly steady, but there was irregularity in regard to giltedged. Bank of New South Wales £3O, Commercial Bank of Sydney £ls/17/6, H. A. Bank 88/- Colonial Sugar £54/17/6, Associated News 6/6, pref. 16 9, Adelaide Steam 22/6, British Tobacco 35/-, Tooths 35/74, Tooheys 20/3, Carlton Brewery 35/10i, Dunlop Perdriau 16/101, Goldsbrough 23/-, Henry Jones 38/-, Millaquin Sugar 27/3, Mt. Lyell 19/41, Broken Hill Proprietary 28/6, South Brokens 44/-. CHRISTCHURCH STOCK EXCHANGE. LATEST QUOTATIONS (Special to " The Herald/') CHRISTCHURCH. March 27. At this afternoon's call the following quotations were current on the Christchurch Exchange:— Buyers Sellers £ s. d. £ s. d N.Z. Govt. Debentures — 41 p.c. Bonds, 1938 97 10 0 41 p.c. Inscr., 1939 97 0 0 41 p.c. Bonds. 1938 97 10 0 98 10 0 45 p.c. Bonds, 1941 97 5 0 51 p.c. Inscr., 1937 97 0 0 98 10 0 55 pj:. Inscr., 1934 54 p.c. Inscr, 1951 99 0 0 54 p.c. Inscr. Sept, 1937 99 0 0 99 10 0 55 p.c. Bonds Sept 1937 98 17 6 (The above are all cum conversion.) Other Debs— Ch.’Ch. Drainage 53 p.c., 1938-73 98 0 0 104 0 0 Waipara County, 55 p.c.. 1959 . . N.Z. Refrigerating 55 p.c., 1935 . . 92 10 0 95 0 0 Westport-Stockton Coal, 61 p.c., 1933 42 0 0 62 0 0 Booth Macdonald 61 p.c., 1937 .. 36 0 0 45 0 0 Banks—Australasia (cum. div.) 10 6 0 Comm, of Aust. . . 014 0 014 2 Comm, of Aust. (pref.) ..... 8 4 0 812 0 Comm, of Sydney 15 6 0 15 17 f E„ S. and A. . . . 4 5 0 4 8 0 National of A/asia. (£lO paid) . . 12 2 6 National of A/asia. (£5 paid) ... 515 0 6 2 6 National of N.Z. . 3 5 0 3 7 6 New South Wales 29 0 0 29 2 6 1 New Zealand ... 2 4 0 2 4 6 New Zealand (“D” : Mort. shares) .18 0 Union of Aust. . . 7 6 0 7 8 0 InsuranceNational 015 11 016 5 New Zealand ... 276 280 South British ... 3 2 6 3 29: Standard 2 9 0 Loan & Agency— Ch’Ch. Building Society .... 10 0 0 11 15 0 Goldsbrough Mort. 12 4 12 8 Dalgety & Co. . . 7 9 0 7 14 0 National Mortgage “A” 110 0 115 0 ( National Mortgage ] "B” 0 16 0 N. Z. Guarantee t Corporation . . 0 5 3 N. Z. Loan and ; Mercantile (ord. i Stock) 30 0 0 40 0 0 < United Building ] Society (cum ; div.) ..... 015 3 016 3 f Shipping — i Huddart Parker .18 3 f Huddart Parker t (pref.) 12 9 1 P. and O. Deferred > Stock 0 18 6 Union (pref) ... 110 1 1 Frozen Meat— j Gear 15 3 1 N.Z. Refrigerating 1 (£1 paid) ... 010 3 010 4 f N.Z. Refrigerating < (10/- paid) 0 3 7 0 3 9 ( North Canterbury ' Freezing .... 010 Woollens— Kaiapoi (17/- pd.) 0 3 6 Kaiapoi (pref.). . . 0 4 6 Mosgiel 7 10 0 Coni— 1 Westport • . 011 9 013 0 Grey Valley .... 011 9 018 0 Gas— Auckland .... 113 Christchurch ... 156 Christchurch (10/paid) 0 12 1 Wellington (pref.) 016 0 Napier (£lO paid) 8 0 0 Breweries— Carlton 1 14 0 New Zealand ... 171 173 Staples 12 7 12 9 Timaru (7/6 paid) 0 2 1 0 3 0 * Tooheys 019 9 10 6 Tooths 114 7 115 0 ; Miscellaneous — Australasian Paper and Pulp ... 111 3 111 9 < Allied Motors . . 0 0 8 0 1 3 Amalgamated Wireless (contr) 1 0 0 1 3 0 1 Aust. Distillery . . 1 1 0 S Australian Glass . 2 5 0 2 7 6 ( Aust. Iron & Steel < (pref.) 030 013 0 1 Beath & Co. (cum 1 div.) 126 1801 Beath and Co. (1 7 - paid cum div.) 0 2 0 0 3 0 1 Beath and Co. 1 (pref. cum div.) 1 0 3 1 5 0 ] British Tobacco (cum div.) ... 1 13 10 1 14 3 ] Colonial Sugar . . 54 0 0 54 7 6 Dominion Fertiliser 010 0 010 6 ] Dunlop Rubber . 016 4 016 9 Electrolytic Zinc (ord.) .... 0 15 6 0 16 0 Electrolytic Zinc ] (pref. cum div.) 18 4 18 7 Greater Crystal Palace .... 013 3 ] Howard Smith . . 0 6 0 010 0 j Kauri Timber . . 0 10 0 0 14 0 . Milbum Lime . . 1 3 7 1 5 0 ’ Moturoa Oil . . . 0 310 0 4 6 Mt. Lyell .... 019 2 019 5 N.Z Drug Co. (cum div.) 320 340N.Z. Farmers’ Co-op. (44 p.c. j Stock, 1940) . 41 0 0 43 12 6 N.Z. Farmers’ Co-op. (44 p.c. Stock. 19451 . . 40 0 0 45 0 0 N.Z Farmers' Fertiliser .... 0 15 6

N.Z. Paper Mills .13 0 New Zealand Newspapers . . 12 0 14 Victoria Nya nz a Sugar 012 6 015 Weeks, Ltd 7 0 0 Whiteombe and Tombs 217 6 3 5 Wilson's Cement . 111 0 111 Woolworths (N.Z.) (pref.. .... 112 0 115 Wunderlich .... o 17 The Day's Sales. Sales on Change.—National Bank Australia (£5 paid). £5 16 -: Bank New South Wales. £29 2): New Zealat Breweries. 27 2 (2>; Electrolytic Zii (pref.. cum div.). 28 6: Big RiMines, 1 - i2>: Lawson's Flat. lOd. 13 <2); King Solomon. 2 Nokomai. 5 3 6; Mahakipawa. 2d: Freshford l (5), 1/74, 1/7. Sales Reported—Bank of New Ze land. 44 -: Union Bank of Austral £7 7-: National Insurance. 16-: N: Zea'and Insurance, 47 9. 48 Sra British Insurance. 63 9; Staples Bret erv. 22 9: Electrolytic Zinc (pref. cu div. i. 28 6. Mahakipawa Goldfields' return f the week is 59 ounces. THE SHAREMARKET. By Telegrunh -Press Association AUCKLAND. March 27. Sales on 'Change.—Bank of Ne South Wales. £29: New Zealand Ii rurance. 47 9: South British. 63 - (2 19 44; Nokomai, 5 6 (2). V/F T LINOTON. March 27. Sale/ r n Change—Bank of Ne South Woles. £29; Bank of New Zei 'and. 4? 9: Wellington Gas. 9 9; Ne Zealand Insurance. 48 -: South Britis InsuiT.n’e. 63 -: Golden Sands. 2/1 (- I chT.-e late Saturday); New Zei hr.d Pi er Pln*e. 21 -: Union Stea wrrf>. 21 6; We’lington Woollen (o dmary'. £5 1-; Golden Dawn, 2/7. DUNEDIN. March 27, Sale on 'Change.—New Zealand Ri frigerating icont.), 3 9. Sales reported.—Bank of New Zei land. 44 3; Standard Insurance, 51/ Okarito, 8 11. PLEASANT POINT SALE. BEEF AGAIN EASIER, The fortnightly sale at Pleasai Point yards was held yesterday, ar in all sections large entries were fo ward. Fat Cattle.—A yarding of about I head of mixed quality cattle was t< many for butchers’ requirements. Tt sale was a very poor one, and buye of many years standing found it vei difficult to recall a market as low i yesterday's one. A line of heavy, vei well finished Hereford steers wi passed in at £6 12 6. Most of the go< steers were selling at from £3/15/£4 15 -. and others, lighter and lacl ing finish, made from £2 10/- to 1 5 -. One young fat cow realised i 10 -, but most of the others rang) from 27 6 to £3 12 6. Fat heifers so at from £3 to £6 12/6, the latter pri< being secured early in the sale. Vea ers made to 37 6. Store cattle.—This sale in sympatl with that for fats, was a dragging on Prices made were:—Useful store steer 136 - to £2 3 6; cows and vealers, i 10 - to £2 10 bulls 27 6 and 30/ 18-months steers (poor colours), 13 to 26 -: empty cows to 23 6; 18-mont heifers, 25 -. Pigs.—This sale was also a very po< one. a large yarding being extreme hard to quit Weaners made from 3 to 7 good sow slips, 15/-; go< stores to 20 -. Most of the entry wi passed at auction. Fat lambs.—About 600 head m with a keen sale, which was fully up schedule rates. The top price w; 12 6. and vendors were quite pleas* with the market. Fat Sheep—A fairly large entr mostly consisting of ewes, sold at la rates. Best butchers' ewes made up t 6 2. others ranging from 3/6 to 5/ Fat wethers sold well, the best makir 16 -. and others selling at from 12 to 14/-. Store Sheep—Lambs were agai selling well, and the demand remain* unsatisfied. The best price made wi 9 l for a pen of forward mixed sexe Ewe lambs brought from 6 8 to 8 11 and two-tooth wethers made from 9, to 10/4. The quality of the ewes offered wi not equal to that of the range offei ed at the ewe fair, but even takin that factor into consideration the sa was an easier one. Sales made i auction were:.—Two-tooth crossbre ewes 14 4. cull two-tooth ewes 7/- I 10 6: four-tooth crossbred ewes 10 3 1 15 1; 3-shear threequarter bred ewe 10 1; six and eight-tooth, threequart* bred ewes. 85; two and four-toot crossbred ewes 96: 5-year halfbre ewes to 8 3: 5-year threequarter-bre ewes. 710 and 83: failing mout crossbred ewes 2- to 6 according ( condition. PRICE OF SILVER. British Official Wireless RUGBY, March 25. Silver—Spot. 17id, forward, 17 9-16 per standard ounce. OKARITO RETURNS. By Telegraph—Press Association DUNEDIN, March 27. The Okarito return was 87oz. 16dw for llli hours' work. FOREIGN EXCHANGE KATES. Biltlsli Official Wireless RUGBY, March 25. The following are the current rat< of exchange:— Par. Paris, fr. to £1 . . . . 121.21 8 New York. do. to £1 4.886 3.42 Montreal, do. to £1 4.886 4.1! Brussels, belgas to £1 25 24.5Geneva, fl. to £1 . . 25.2215 17.71 Amsterdam, fl. to £1 11.107 8.4$ Milan, lire to £1 .. 93.43 66 11-: Berlin, reich to £1 .. 20 48 14 11-2 Stockholm, kr. to £1 18.159 18i Copenhagen, kr. to £1 18.159 22 7-: Oslo. kr. to £1 .. .. 18.159 1! Vienna, schgs to £1 34.585 2 Prague, kr. to £1 .. 164.24 11J Helsingfors, mar' j to £1 193.24 22< Warsaw, zylots to £1 43.38 30.’ Madrid, pesetas to £1 25.2215 M Lisbon, escudos to £1 110 11 Athens, drach to £1 375 602 Bucharest, lei to £1 913.6 5’ Belgrade, dinars . . 25.2215 2i Rio de Janeiro, pence to milreis .... 5.89 i i Buenos Aires, pence to dol 47.277 * Monte Video, pence to dol 51 2 (nom Batavia (guilder) .. 12.107 8.2 Bombay, d. to rupee 18 18 1-: Shanghai, d. to tael * 2i Hongkong, d. to dol. 1 12 Yokohama, d. to yen. 24.56 15 1-: •Varies with price of silver.