CHRISTCHURCH STOCK EXCHANGE.

Timaru Herald, Volume CXXXVII, Issue 19512, 10 June 1933, Page 21

CHRISTCHURCH STOCK EXCHANGE.

The Day’s Sales. Sales on 'Change—Commercial Bank of Sydney, £l6/17/6, £l6/15/-: New Zealand Refrigerating (10/- paid), 5/6 (16); Westport Coal, 11/6; Dunlop Rubber, 18/8 (2); New Zealand Breweries, 32/-; British Tobacco, 35/3; Electro Zinc (pref), 31/6; Alexander (13/6 paid), 9/6; Big River, 1/41; Gillespie’s Beach, 1/71 (2); Golden Sands 3 6, 3/5; King Solomon, 1/8 (3); Nokomai, 4/8 (2), 4/71, 4/8 (2); Okarito, 11/1; Waihi Grand Junction, 3/4 (2); Waitahu 7/65; Commercial Bank, 15/8; E., S., and Bank, £5/0/6; National of Australasia (£5 paid), £6/4/-; National of New Zealand, 76/3; Union Bank, £B/4/-. Sales Reported—Goldsbrough Mort, 25/9; Mt. Lyell, 22/7; Woolworths (Sydney), £1 paid, pref, new 25/3; Commercial Bank, 15/9; Bank of New South Wales, £3l; National Insurance, 16/7. SYDNEY STOCK EXCHANGE. MILD REVERSE IN PRICES. United Press Association—By Electric Telegraph—Copyright (Received June 9, 8.20 p.m.) SYDNEY, June 9. On the Stock Exchange the recent steady advances in values culminated to-day In some profit-taking and a mild reverse in prices generally. The demand for brewery shares, pastorals, and better-class industrials, slackened Commonwealth bonds remained quiet, despite the Loan Council’s decision not to suspend a sinking fund payment. Tin and dredging scrip reflected the sharp rise in tin reported to-day. Bank of New South Wales £3l 15s, National Bank (£5 paid), £6 7s, Queensland National Bank £5 ss, Burns Philp 53/-, Howard Smith 10/9. Associated News 9/2, pref 19/-, British Tobacco 35/9, Dunlop Perdriau 18/105. Goldsbrough 25/75, Godlet and Smith

14/-, Standard Cement 13/9, Morris and Hedstrom 17/6, Henry Jones 19/6, Electrolytic Zinc 20/-, Winchcombe and Carson 25/9, Wilcox and Mofftin 8/-, Greater J. D. Williams 7/1, Tooths 37/75, Tooheys 23/9, United Provisions 8/1, Mt. Lyell 23/-, Broken Hill Propy. 34/75, South Brokens 55/-, North Brokens 81/3, Zinc Corporation 30/105, Taranaki Oil 2/-. Goldsbrough Morts announce a dividend of 25 per cent, per annum, which is an unchanged rate. Melbourne sales.—Goldsbroughs 25/3, Gordon and Gotch 34/6. Herald and Weekly Times 57/-, Howard Smith 10/6, Dunlop Perdriau 18/9. British Tobacco 35/6, Taranaki Oil 2/5. GRAIN AND PRODUCE MARKETS.

CHRISTCHURCH REPORT. By Telegraph—Press Association CHRISTCHURCH, June 9. The week has not shown much business activity, but most classes of produce are firm. Potatoes for forward delivery are a shade firmer. There is still very little inquiry from the North Island, but it is understood that there is a probability fo a further 1000 tons of potatoes being shipped to South America. This would offset in a small degree the lack of shipments to the north. An interesting factor in the potato market this season is the Southland production. Last season the southern province came on the northern market with very heavy supplies, and offset the shortage in the Canterbury crop, but for which prices would undoubtedly have been much higher. The present autumn in Southland has been very wet, and blight under such conditions is not improbable. Quotations f.o.b.s.i. at Lyttelton are from £4 to £4 2s 6d for “prompt,” or £3 to £2 3s 6d on trucks; June delivery, £4 5s to £4 7s 6d f.0.b.5.i., and July-September £5 ss. Dakotas are at a premium over whites,

“prompts” being worth £3 5s to £3 10s on trucks. The oats market is somewhat easier. A grade Gartons are worth 2/5 to 2/6 f.o.b.s.i. for spread July -September, and 2/5 for “prompt.” B’s are quoted at 2/-, 2/1. Truck values are 2/- for A’s and 1/6 to 1/8 for B’s. Chaff is meeting with a little more inquiry for local needs. Values are £3 10s a ton f.0.b.5.i., or to £2 2s 6d on trucks. . Fowl wheat is slightly easier, and is quoted at 3/5 to 3/6 f.o.b.s.e. No. 1 partridge peas are quoted at 4/10 f.0.b.5.i., or to 4/3 on trucks. There is not much volume in the business passing in small seeds, but several products have been firming in value. The quality of small seeds this season is much above the average. Cocksfoot has been improving in price, and Akaroa is now quoted at 4d to 4id for farmers’ dressed, and Plains seed at 3ld to 4d. Italian ryegrass has also improved in price, and is quoted at 1/6 to 2/- a bushel on trucks. Perennial has scarcely improved to the same extent and is worth 1/6 to 1/10. Cowgrass is quoted at 6d and 7d a lb. on trucks, according to quality. Production is slightly more than normal Most of the white clover crpp is in merchants’ hands. Production was not so heavy as was anticipated. Values are 9d to lid a lb. on trucks. It is toe early yet for any export inquiry. Dogstail has moved up sharply ir price. The market opened at 3id alb for machine-dressed, and sellers are now asking 7 id. The crop turned oul much lighter than was expected earliei in the season. Chewing’s fescue ha.‘ also firmed to a small extent. The opening prices were 3d a lb. for dressec and to-day’s value is 4d, which, however, is still very low in price. A fev sales have been made for export. DUNEDIN vVEEK-END REPORT. POTATO MARKET WEAKER.

By Telegraph—’P*r«ss Association DUNEDIN, June 9. The fowl wheat market remains firm, and local merchants are finding a little difficulty in securing stocks. Local values range round 3/3 per bushel, sacks extra, ex truck, the price being based on the quantity and quality required. Shipping demand for A and B grade Gartons oats is practically nil. The greater proportion of offerings are being taken by millers. The nominal value of A grade Gartins for shipment from this port is 2/6 f.o.b. s.i., but the quotations from Bluff are 2d per bushel below this figure. B grade are quoted at 2/2 f.o.b. s.i., Dunedin. These prices are equivalent to 1/8 and 1/4 respectively on trucks at country sidings, sacks extra. A steady demand exists for chaff for this time" of year, but most of the sales are for small lots ex store. Supplies continue to be largely drawn from Canterbury. Best quality is worth £4 per ton, sacks extra, ex truck, and ip to £4/10/- per ton ex store. The potato market has a weak tone. TI : North Island is well supplied with potatoes from growing districts there, and also from southern ports, and there is not much shipping demand. On the other hand consignments to the local market are not heavy, due to the repent broken weather preventing digging. Only sound lines well graded are inquired for, and these are worth £3/10/- per ton, sacks in, ex trucks

Dunedin. Lines not of best quality are . very hard to place. I All the seed markets remain firm, notwithstanding that the demand from the North Island is very restricted. On the other hand there is r.n outlet overseas for Chewing s fescue, crested dogstail, white clover, and cocksfoot. It is also expected that there will be a fairly large sowing down in the South Island during the spring. Under these circumstances it seems not likely that there will be a carry-over of any of these pasture seeds at the end of the year. Machine dressed cocksfoot is quoted from Christchurch at 7d per lb, while crested dogstail has advanced to 7£d f.o.b. per lb for really choice export quality, showing a minimum purity of 99 and germination of 90. This price is a considerable advance on the opening quotations for dogstail, which were on a basis of 3id per lb f.o.b. about three months ago. Fruit Report. Apples continue in good supply, and prices remain unchanged. A quantity of the apples offering are still of poor quality. There is good demand for well coloured dessert lines. Californian oranges are fairly plentiful, but high prices rule, and sales are slow. . , Island oranges which arrived ex mail steamer have now been cleared out cf wholesale hands, and no further shipments are expected until the end of this month. , „ _ , Foorman oranges and New Zealand grown lemons are in better supply. The market is a little easier. Th _ ”e is fair demand for Christchurch and local grown hothouse toDessert pears, mostly of Winter Nelis variety, are in heavy supply. Some of the lines are arriving to very poor condition. and these have to be placed at low rates. A shipment of Samoan bananas cx Maui Fomare is expected next week.

BRADFORD TOPS. United Press Association— By Electric Telegraph—Copyright LONDON, June 8. Bradford is very firm, with a hardening tendency; 70’s 27d, 64's 26d, 60s 245 d, 56's 191 d, 50’s 135 d, 46's lOd, 40's 9d. ENGLISH WHEAT QUOTATIONS. United Press Association —By Electric Telegraoh— Copyright LONDON, June 8. Wheat cargoes are dull. Parcels are 3d down. London futures—June 21/3, September 21/8, December 22/5. Liverpool futures —July 5/01, October 5/23, December 5/4id. Spot trade is quiet; Australia exship 26/9 to 27/-.

SILVER. British Official Wireless RUGBY, June 8. Silver—Spot 18sd, forwrd 18 15-16 d per standard ounce. The New Zealand Loan and Mercantile Agency Co., Ltd., have received the following cablegram from their London house, under date June 8; Butter, 80/- to 81/-, upward tendency. Cheese: White 48/- to 49/-, coloured 53/- to 54/-.

SHEEPSKIN SALE. SHARP RISE IN VALUES. A substantial all-round- increase in j prices, ranging from Id to 2d a lb compared with the last auction here at the ■ end of April, was the feature of the j sheepskin sale in Timaru yesterday, j The offering, which totalled approximately 10,000 skins, was cleared at rates considerably above valuations to animated competition from a full bench . of buyers. “The sale was a good one, and there was a big increase in prices,” said Mr T. R. Mackay, chairman of the South Canterbury Woolbrokers' Association The extent or the appreciation in rates may be gauged from the fact that the top price for full-wool halfbred skins was 73d to-day, compared with sid at the last sale. Halfbreds advanced 2d to 2Jd; threequarter-breds, 13d to 2d; crossbreds, Id to lid; hoggets, lid; and lambs lid. Halfbred dead skins appreciated from lid to 2d, while of the killed offerings, Merino full-wool rose 13d and Merino half and quarter increased by 2d; dead Merino skins, full-wool, brought 23d more, and half and quarter skins were Id up. Fine black, killed, advanced lid. The ra-.ge of prices is as follows; j Halfbreds. — Full wool 73d. Three-quarter wool 63d. Half wool 51d. Quarter wool 4d. Threequarterbreas— Full wool 51d. Threequarter wool sd. Half wool 41d. Quarter wool 4d. Crossbreds — Full wool 33d. Threequarter wool 33d. Half woo! 33d. Quarter wool 3d. Hoggets— Halfbred 6d. Threequarterbred sid. Crossbred 43d. Lambs— Halfbred 61d. Threequarter sid. Crossbred sd. Dead and Killed. Dead and damaged wool realised from 63d to 3d. The advances were as follow: — Dead — Halfbred 13d to 2d. Threequarterbred lid.. Cro. stared lid. Merino (killed) Full wool lid. Half and quarter 2d. Merino (dead) Full 23d. Half and quarter Id.

LATEST QUOTATIONS. Special to “ The Herald CHRISTCHURCH, June 9. The following quotations were current went the Stock Exchange closed after the afternoon call:— . Buyers Sellers £ s. d. £ s. d. N.Z. Govt. Debts— 31 p.c. Inscr., 193843 .... 99 12 v6 —

3S p.c. Inscr., 193852 99 10 0 — 4 p.c. Inscr., 1940 100 10 0 — 100 5 0 100 100 5 0 100 4 p.c. Inscr., 1955 100 5 0 100 10 4 p.c. Bonds, 1940 100 7 6 — 4 p.c. Bonds, 1946 100 10 0 — 4 p.c. Bonds, 1949 100 5 0 — 4 p.c. Bonds, 1955 100 7 6 Other Debentures — Temuka Borough 51 p.c., 1957 . . — Blenheim Borough 5s p.C., 1957 . . — 100 New Brighton Borough, 53 p.c., 1955 — 99 10 Wanganui City. 53 p.c., 1943 .... — 100 Glaxo. 61 p.c.. 1945 70 0 0 — N.Z. Refrigerating

6i p.c.. 1935 . . C3 10 0 — N.Z. Refrigerating 51 p.c.. 1935 . . 97 10 0 _ Westport-Stockton Coal, 65 p.c., 1933 60 0 0 78 0 0 Banks— Comm, of Aust. 0 15 7 0 15 Do. (pref) .... 8 16 0 8 19 Comm, of Sydney 16 12 6 16 17 Rational of A'asia. (£10 paid) . . . 12 0 — National of A’asia. (£5 paid) . . . 6 4 0 6 5 0 National of N.Z. . 3 15 6 3 16 New South Wales 31 0 0 31 10 New Zealand (cum div) 2 6 9 2 7 Union of Aust. . . 8 4 6 8 5 6 Insurance — National ..... 0 16 6 0 New Zealand . . . - 8 0 10 0 Loan and AgencyDalgety & Co. . . 8 4 6 8 10 0 Goldsbrough Mort 1 5 0 1 5 5

"A” cum div . . 1 16 0 National Mortgage “B'’ cum div . . 1 0 3 N.Z. Guarantee Corporation . . 0 5 L0 0 6 9 N.Z. Loan & Mercantile (ord stk) 36 0 0 40 0 0 Permanent Investment 7 2 6 9 10 0 United Building Society 0 17 2 0 17 6 Shipping— Huddart Parker . . 1 10 2 1 10 4 P. & O. Deferred Stock 1 0 6 1 3 0 Union (pref) . . . 1 2 0 _ Frozen Meat— Canterbury (ord) 6 10 0 — Do. (pref) .... 5 2 6 5 10 0 Gear 1 8 0 1 10 6 N.Z. Refrigerating (£1 paid) . . . 0 14 8 0 14 11 N.Z. Refrigerating (10/- paid) . . 0 5 5 0 5 6 Woollens — Kaiapoi (17/- pd.) 0 5 0 — Do. (pref) .... 0 12 0 0 Coal— Grey Valley .... 0 13 0 1 0 Westport 0 11 4 0 11 Sto-'iton (pref) . 0 1 1 0 2 0 Gas- — Auckland .... 1 2 9 1 3 3 Christchurch . . . 1 6 11 1 7 5 Do. 10/- paid) . . 0 12 3 0 12 11 Breweries —

New Zealand (cum dlv) 1 11 11 1 12 1 Staples 1 6 3 1 7 9 Timaru (7/6 paid) 0 3 3 0 4 0 Tooheys 1 2 0 1 3 6 Tooths 1 16 6 1 17 6 Miscellaneous— Australasian Paper and Pulp . . . 1 u 9 1 13 6 Allied Motors . . 0 0 4 — Australian Glass (cum div) . . . 2 8 0 2 9 6 Australian Iron &; Steel (pref) . . — 0 17 G Beath and Co. . . 1 5 1 1 6 0 Do. (1/- paid) . . 0 3 3 0 3 9 British Tobacco (cum div) . . . 1 15 3 1 15 9 British Tobacco (pref) 1 2 0 — Broken Hill Propty. 1 13 6 1 15 Burns Philp . . • 2 10 0 — Colonial Sugar . . 57 5 0 59 D.I.C. (10/- paid) 0 10 9 0 Dominion F e r - tiliser 0 a 9 0 12 0 Dunlop Rubber *. . 0 18 5 0 18 8 Electro Zinc lord) 0 19 9 1 Do. (pref) .... 1 11 3 1 11 6 Evans Atlas Flour —

Greater Crystal Palace .... 0 14 3 12 6 Henry Jones Co.-op 1 18 6 1 19 3 Howard Smith . . 0 9 9 0 11 0 Hume Pipe lAust.) 0 10 0 10 Kauri Timber . . . 0 10 0 — New Colosseum . . — 2 2 Milbum Lime . . . 17 0 — Moturoa Oil . . . 0 13 — Mt. Lyell 12 6 12 N.Z. Drug Co. . . 3 2 9 3 4 N.Z. F a r m e r s’ Co.-op., 4£ p.c. Stock. 1940 . . . - 52 5 0 60 5 N.Z. Paper Mills . 16 6 — Taranaki Oil . . . 0 10 0 2 Wilson's Cement . 1 10 7 1 10 Victoria Nyanza Sugar ...*.. 0 15 0 — Woolworths (N.Z.) (pref) 1 16 0 — Woolworths (Sydney) , pref, new £1 paid .... 1 4 10 15 6 Woolworths (Sydney), pref, new 10/- paid . . . 0 14 6 0 15 6 Rural Bonds, 5 p.c., 1947 89 10 0 99 10 0 Mining— Alexander (contr.) 0 9 3 0 10 0 Big River .... 0 14 0 1 Blackwater .... 12 9 12 Central Shotover . 0 0 9 0 1 Consolidated . . . Cornish Point . . Fresliford .... 0 0 9 0 0 10S Gillespie's Beach (9d paid) . . . 0 1 74 o 1 8 Golden Dawn . . . Golden Point . . . 0 0 1 0 0 Golden Sands (cum div) . . . 0 3 41 0 3 5 Mount Morgan . . Kildare King Solomon . . 0 17 0 1 Lawson’s Flat (1/paid) 0 16 0 1 7 Mahakipawa . . . Nokomai Okarito (cum div) 0 11 1 0 11 Placer Develop11 17 6 12 15 0 Waihl 12 0 12 3 Waihi Grand Junction (ex div) 0 3 3 0 3 6 Waitahu (4/6 pd.) 0 7 61 0 7 7i Jlawang Tin . . . 0 5 1 0 5 Bulolo 356 4 10 Ulu Yan (£1 paid) 0 8 6 1 1