COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19624, 19 October 1933, Page 16

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS. Special to “ The Herald " CHRISTCHURCH. October 18. The following quotations were current when the Stock Exchange closed

YESTERDAY'S SALES. By Telegraph -Press Association AUCKLAND, October 18. Sales on ’Change.—stock, 1946, 4 per cent., f 101/10/-; stock, 1944, 4 per cent., £lOl/15/-; National Bank of New Zealand, £4 39; Bank of New South Wales, £34/7/6; Bank of New Zealand. 47/- (2); South British, 74/(2); Taupiri Coal, 14/-; Auckland Gas, 23/7 (2); New Zealand Breweries, 37 5' Tooths Brewery, 42/41, 42 6; Colonial Sugar, £59/12/6; H.M. Arcade (pref.), 20 3; Okarito, 10 7; Waihi Junction, 4/-, 3/11; Mount Lyell, 23/6. Unofficial list—lnvestment Executive Trust (B), £9B (2). CHRISTCHURCH, October 18. Sales on 'Change.—Commercial Bank of Australia, 16 10 <s>; E. S. and A. Bank, £5 16 6; Bank of New Zealand. 47 3; Goldsbrough Mort. 29, 3 (2)Kaitangata Coal. 22/-; New Zealand Breweries, 37 5 (8), 37/3; Alexander Mines <l3 6 paid). 16.3: Bell Hooper (9d paid), 1/01 (2); Gillespie's Beach, 21; New Cornish Point (1/- paid), 1/01 (2); Nokomai, 2/11 (2); Waihi (cum. dlv.), 26 3; Waitahu. 6 2 (s>. Sales Reported —New Zealand Breweries, 37,5, 37, 6 (2); Tooths Brewery, 42 6; New Zealand Refrigerating <lO - paid), 9 41; Goldsbrough Mort.. 29 -; National Bank of New Zealand. £4 4 3 DUNEDIN. October 18 Sales re;>orted —Dominion Fertiliser 14,'-, Okarito 10 6, King Solomon 3 3 COLOMBO TEA SALES. By Telegraph Press Association DUNEDIN Octobei 18 At the Colombo tea sales this week the market was slightly irregular for common and low medium teas. Fine teas were neglected, and closed id lower. The quantity auctioned was 2,510.0001 b. Next week nearly 1.000.000lb less will be offered and a strong market ts anticipated.

SYDNEY STOCK EXCHANGE

A NOTICEABLE REACTION United Press Association—Bv Electric Telegraph—Copyright (Received October 18, 8.30 pm.) SYDNEY, October 18. On the Stock Exchange there was a noticeable reaction to-day, buyers being inclined to pause after the recent exceptional activity, but most leading dividend paying industrial shares held their ground well. A firm tone characterised Government bonds, which were more active than for the past two weeks. Quotations—Bank of New South Wales, £34/10/-; Commercial Bank of Sydney, £18; Colonial Sugar, £6O/7 6; Associated News, 20/7S, pref., 20/6Adelaide Steam, 25/-; Howard Smith. 13 3; Huddart Parker, 32/6; Australian Gas (A pref.), £7/6/-; Australian Glass, 52 9: Dunlop Perdriau, 18 101; Tooths, 42 9; Gordon and Gotch. 39/-; Anthony Hordern, 13/1; David Jones’ 35/1J; Truth (first pref.), 24 6; Australian Iron and Steel (pref.), 18/-; John McGrath, 27 9; Henry Jones Co-op., 39 3; Electrolytic Zinc, 26/-; Wilcox Moffilin, 9,6; Australian Provincial Assurance, 123; Queensland National Bank. £5 15/-: Broken Hill Proprietary'. 40 3; North Broken Hill, 87/-; Mt. Morgan, 46 6; Kuala Kampar, 10/8. Melbourne sales—Huddart Parker, 32/6; Gordon and Gotch, 39, S; Herald and Weekly Times, 42/-; Broken Hill South, 64 9; Taranaki Oil 2/-. PRODUCE MARKET CHRISTCHURCH. Bv Teleßtaph Press Association CHRISTCHURCH. October 18. Quotations for most lines of produce remain unaltered. Export business continues in ryegrass, values to farmers being up to 2/6 a bushel. Owing to the dry weather, there was a hardening in the price of oats at the end of last week, but it is expected that the rain of the week-end will arrest any further Increase. A Cartons were quoted in the south at 2/4, f.0.b., si., and in Lyttelton at 2/6. The on truck price, locally, is 1/10 to 1/11. B’s were quoted south at 1/10, f.0.b., s.i., and 2/to 2/1, f.0.b., s.i. Chaff is quoted at £2 a ton on trucks. There is more inquiry for fowl wheat. Quotations are 3/9, f.0.b., s.e., Lyttelton, and 3/6, Timaru. There is no movement in the potato market. The season is practically at an end. Quotations. The following are quotations for produce to be paid to farmers, on trucks, free of commission, sacks extra, except where otherwise stated:— Wheat (interim payment for September)—Tuscan' 3/9, Hunters 3/11, Pearl 4/1, all f.0.b.; fowl feed, to 3/9 a bushel, f.0.b., s.e., for prompt. Oats—A Gartons 1/10 to 1/11; B Gartons 1/5. Potatoes (nominal) —£2 a ton for whites, £2/15/- for Dakotas. Italian Ryegrass—2/3 to 2/6 a bushel for heavy seed. Perennial Ryegrass—2/3 to 2/6 a bushel. Cocksfoot—Bd per lb for Akaroa, 5d for Plains. White Clover—ls per lb. Cowgrass—Bd to 9d per lb. Chaff—37/6 to £2. Flour—£l3/12/- a ton, local; £l2/17/shipplng. Bran—Local, £4 a ton large; £4/10/small; shipping. £4. Pollard—Local, £5 TO/- large; £6 small; shipping, £4/19/-. BUTTER AND CHEESE AWARDS. United Press Association—By Electric Telegraph—Copyright LONDON, October 17. Dairy Show Empire competitions resulted:— Butter, salted—Downs Co-operative, Coomtiungea, Queenr’.nd, 97i points, 1. Unsalted—Adelaide Milk Supply Cooperative. 97 points, 2. The quality of the butters favourably impressed the experts. General excellence w%s shown by the fact that the lowest points awarded for unsalted was 88 and salted 90. Cheese—Kelso Co-operative. New Zealand, 1; Downs. Lilyvate, 2; Awarua Co-operative, Winton, New Zealand 3. Fairfax Co-operative, Otautau, New Zealand, got the reserve. WHEAT. United Prc3» Association—By Electric Telegraph—Copyright LONDON. October 16. WTieat cargoes are generally neg! cted in view of the political developments. Parcels are quiet. London futures—December 19 2, February 19 5, April 19 9. Liverpool fu* res—October 4 22. December 4 41. March 4 72, May 4 9i. LORRY DRIVER KILLED. By Telegraph—Press Association WHANGAREI, October 18. George Walter Marsh, single (25), living with his parents at Okalliau. was killed instantly when a lorry in which he was carting sand crashed over a bank between Horeke and Okaihau yesterday. ELECTROLYTIC ZINC COMPANY. After providing £49.706 for taxation and £145.000 for depreciation, the net prefits for the year ending June 30 are shown as £223.093. For 1932 the profits were £85.000 and for 1931 the profit was £5678 Taxation in 1932 amounted to £12,606 and in 1931 to £7475. In 1932 a sum of £15.900 was set aside as a sinking fund for the redemption cf debentures. This year the amount for that purpose has J>cen increased to £21.000. SOUTH BRITISH INSURANCE. The accounts for the year ending August 31 disclo.sc an underwriting surplus of £64.642. being an increase :>! £4207 on that of the previous year. The income from interest and rents £122.925. shows a decrease of £9982. The total available is £187.387. The dividend is unaltered at 2 8 a share. The premium income was £791.537 and in* gross Income amounted to £914.462 From the year's surplus the following allocations have been recommended: I>cpreciation of premises £40.000 A final dividend of 1 4 a share, making with the Interim dividend of the same amount. £137.552. The balance £983) is added to the carrv forward whan will then stand at £213.267

ADDINGTON MARKET SLIGHT RISE IN PRICES. By Telegraph—Press Association CHRISTCHURCH. October 18. Prices for fat sheep, cattle and store sheep rose slightly at Addington today. The yarding of store sheep was very small, and of poor quality except for a few Chatham Island wethers and an odd pen of hoggets. All ewes with lambs were old and in low condition, values were: Good ewe hoggets to 19 9. medium wethers to 13 9. medium ewes and lambs all counted to 11/-, ordinary 8 6 to 10 -. low conditioned 6 6 to 8-. Good shorn wethers to 14 9. me--16 Ü B* 40 6, medium woolly to L ? m ~— There tv as a yarding of 600 head. The market opened firm on last week's rates and held to the last race, when prices fell. The average price was 8d to Bjd. Values were; Extra prime heavy 24/- to 26 4. prime 21 - to 23 6. medium weight 18to 20 6. light 15/- to 17/6. Fat Sheep.—There was an entry of 3400. compared with 7200 last week. Consignments were forward from the North Island. Chathams and Southland. The sale was erratic all through but there was an increase of 1'- a head on last week’s rates. More than half the yarding was shorn. Values were: Woolly extra prime heavy wethers to 30/7, prime 27 6 to 30medium weight 23'6 to 27/-, ordinary 19 '- to 22 6, light 14/- to 18/-. prime 23/6 to 26 -, medium weight 21/- to 23 -, ordinary 17/- to 20 6. light 13.'- to 16 6. Shorn extra prime heavy wethers sold to 21/10, prime 18/- to 20/-, medium weight 15 6 to 17/6, ordinary 13/- to 15/-, light 11/- to 12/6. Extra prime heavy ewes to 20 10. prime 17 6 to 19/6, medium weight 14.6 to 17/-, ordinary 12 - to 14/-, light 9.'- to 11/6. Fat Cattle.—There was a yarding of 305. The quality was fairly good. The sale was an erratic one, but there was a rise of 10'- a head over all. Best beef made from 25 - to 28 - a 1001 b. odd pens 30 -, good 21/- to 24/-, heavy weight 18 6 to 21/-, medium 14 6 to 17/-. rough down to 12/6. Values were —Extra prime heavy steers to £l3/17/6, prime heavy steers £9 Ts'- to £ll/10'-, prime medium weight £8 15'- to £lO 10/-, ordinary £6 5/- to £8 5/-, light to £6; extra prime heifers to £9 12/6, prime £6 10'- to £8 10/-, medium £4 10'- to £6, light to £4 10/-: extra prime cows to £9 7 6, medium £3/15/- to £5, light to £3/10/-. Fat Pigs.—There was a medium entry and prices were a shade easier. Ninetyfive were bought for export. Choppers made £1 to £2 18/6, baconers 42 6 to 50 '6. heavy 55/6 to £3, extra heavy to £3 5 6 (average per lb 4d to 41d); porkers 23 6 to 28 6. heavy 30/- to 37 '6 (average 45d to 5d per lb).

BURNSIDE SALE

WETHERS SELL WELL. By Telegraoh—Press Association DUNEDIN, October 18. Fat sheep were not so plentiful at to-day's Burnside market but fat cattle were In good supply. Some very prime bullocks from the Taieri and South Otago went to make up a yarding of 220 fat cattle of pleasing quality generally, with barely sufficient cows and heifers to meet the demand. The sale opened with values hardly equal to last week but the competition soon improved for the better class beef, which in a steady sale made values on an average equal to the previous market. The best prices were obtained about the middle of the sale, but there was no quotable increase. Very little outside competition was noticeable, local butchers taking the bulk of the entry. Extra prime heavy bullocks made to £l3 17s 6d. prime heavy £9 10s to £ll. medium £8 to £9. light £6 10s to £7 10s, best heifers £8 12s 6d. others £5 to £7. extra good young cows to £8 17s 6d. plain and medium £3 10s to £5. Some lots of excellent wethers were Included In the fat sheep section, but ewes, which were in short supply, lacked quality. The total penning was 1300, comprised mainly of woolly sheep with a sprinkling of shorn wethers, some of which were outstanding. Butchers concentrated mainly on wethers. The sale opened firm at last week's rates for all grades with a premium of 1/- to 1/6 on extra choice shorn wethers and a slight drop In values for ewes. Although there was little outside competition these values were steadily maintained throughout the sale, firming slightly in some of the last races. Extra prime heavy wethers made to 38'9. prime heavy 30'- to 33/-, medium 27/- to 29/-. light 24/- to 26'-, extra choice shorn wethers to 31/8. prime heavy 25/- to 27/-. medium 22/- to 24/-. light 19/to 21'-. best ewes 30 3. medium 21/- to 24/-, light 18'- to 20/-. A medium entry in the store cattle section met keen competition throughout. The offering comprised principally steers and late values were fully maintained. A line of well bred shorthorn Hereford cross heifers sold up to £3 17s 6d The usual assortment of cull cows realised late values. In the dairy section the entry was of indifferent quality. Old cows close to profit were easily dts|K>sed of The best price was £6 10s, but the bulk of the yarding sold from £2 5s to £4 10s. On account of the smaller yarding prices were slightly firmer In the fat pig market. Best baconers realised up to £2 16s. and good quality porkers sold to £2. Prices In the store pig section firmed considerably, suckers selling up to 16/-. and large stores to 28 -. There was a smaller entry of spring lambs, which met with a firm demand and prices appreciated by 3'- to 4/a head, in the latter stages of the sale Best lambs made up to 32 6 a head.

for the day:— Buyer. Seller. £ s. d. £ s. d. N.Z. Govt. Debentures— 35 p.c. Inscr., 193843 101 0 0 — 35 p.c. Inscr., 193852 101 5 0 — 35 p.c. Inscr., 193943 101 5 0 101 10 0 31 p.c. Inscr., 193952 101 5 0 — 4 p.c. Inscr., 1940 101 15 0 — 4 p.c. Inscr., 1946 101 10 0 — 4 p.c. Inscr., 1949 100 17 6 101 10 0 4 p.c. Inscr., 1955 101 5 0 — 4 p.c. Bonds, 1940 102 0 0 — 4 p.c. Bonds, 1946 101 10 0 — 4 p.c. Bonds, 1949 100 10 0 — 4 p.c. Bonds, 1955 101 10 0 — Other Debentures— Makerua Drainage, 6 p.c. 4 8/46 — 102 10 0 N.Z. Refrigerating, 61 p.c., 1935 101 5 0 102 5 0 West port - Stockton Coal, 8 p.c. 1935 55 0 0 85 0 0 Banks— Australasia .. .. 12 12 6 12 17 6 Comm, of Aust. .. 0 16 0 0 16 11 Ditto (pref.) .. .. 8 14 0 8 16 0 Comm, of Sydney 18 0 0 18 7 6 E., S. and A 5 15 0 5 16 6 National of A/asia, (£10 paid! .. .. 13 9 6 13 15 0 National of A/asia, (£5 paid) .. .. 6 12 0 6 16 0 National of N.Z. .. 4 3 0 4 5 0 New South Wales 34 5 0 34 10 0 New Zealand .. .. 2 6 9 2 7 3 Union of Aust. .. 10 4 0 10 6 6 Insurance— National 0 18 3 — New Zealand .. .. 2 13 9 2 14 9 Queensland .. .. 2 16 0 — Standard 3 1 0

Loan and AgencyCh.Ch Building Society 11 7 6 Dalgety and Co. .. 10 17 6 11 2 6 Goldsbrough Mort. 1 9 1 1 9 3 Mutual Benefit .. 9 0 0 12 0 0 National Mortgage “B” 1 10 0 2 5 0 N.Z. and River Plate 1 4 6 N.Z. Guarantee Corpn. (cum div) 0 8 3 0 8 6 N.Z. Loan and Mercantile Cord Stic.) 57 10 0 65 0 0 Do. (pref. stlc.) .. 78 0 0 United Building Society 0 17 7 0 19 0 Shipping— Huddart Parker .. 1 11 0 P. and O. Deferred Stock 1 3 3 — Frozen Meat— Canterbury .. .. 10 0 0 10 5 0 Ditto (pref.) .. .. 5 12 6 — N.Z. Refrigerating. (£1 paid) .. .. 0 19 6 1 0 0 N.Z. Refrigerating, (10/- paid) .... 0 9 3 0 9 5 North Canterbury Freezing .. .. 0 8 0 0 8 0 Woollens— Kaiapoi (17/- pd.) 0 8 0 0 8 6 Ditto (7/- paid) .. 0 1 3 0 2 0 Ditto (pref.) .. .. 0 15 9 0 17 0 Mosgiel — 9 10 0 Coal— Grev Valley .. .. 0 13 9 0 17 0 Westport 0 13 6 0 14 6 Stockton (pref.) .. 0 1 9 — Kaitangata .. .. 1 2 0 1 5 0 Gas— Auckland 1 3 5 — Christchurch .. .. 1 7 0 1 7 9 Ditto (10/- paid) — 0 13 9 Wellington (pref.) 1 1 6 1 5 0 Breweries— Monteiths 0 10 0 0 17 6 New Zealand . . . 1 17 0 1 17 5 Staples 1 8 6 1 9 0 Swan — 4 5 0 Tooths 2 1 0 2 2 9 Miscellaneous— Australasian Paper and Pulp . . . 1 12 6 1 14 0 Allied Motors . . . 0 2 0 0 5 6 Anthony Hordern 0 13 3 0 13 8 Australian Glass . 2 11 0 2 13 6 Beath and Co. . . i 8 0 1 8 3 Beath and Co. (1/paid) 0 6 0 0 6 G British Tobacco . 1 17 6 1 18 0 British Tobacco (pref.) 1 4 0 — Broken Hill Proprietary (cum div.) 1 19 0 — Colonial Sugar . . 59 12 6 60 10 0 Dominion Fertiliser .... 0 13 6 0 16 6 Donaghy Rope and Twine 2 1 6 — Dunlop Rubber . . 0 18 5 0 18 10 Electrolytic Zinc (ord.) 1 5 6 1 6 0 Electrolytic Zinc (pref. cum div.) 1 14 9 1 16 0 Henry Jones Co-op 1 18 0 1 19 6 Hume Pipe (Aus.) 0 13 6 0 14 6 Milbum Lime . . 1 9 0 Mt. Lyell .... 1 3 3 1 3 c N.Z. F a r m e r s’ Co-op. 1st pref. i 5 3 — N.Z. F a r m e r s’ Co-op. B pref. — 0 19 0 N.Z. F a r m e r s’ Co-op. 45 p.c. Stock, 1940 . . 61 0 0 — N.Z. F a r m e r s’ Co-op. 45 p.c. Stock, 1945 . . 61 0 0 N.Z. F a r m e r s’ Fertiliser .... 0 15 LI Sharland and Co. (ord.. cum div.) 1 2 6 2 0 0 Sharland and Co. (pref. cum div.) 1 2 6 Taranaki Oil . . . 0 1 9 Victoria Nyanza Sugar 0 12 0 — Whitcombe and Tombs 3 5 6 3 10 0 Wilson's Cement . 1 6 0 i 7 3 Wool worths (N.Z.) pref 1 13 0 — Mining— Alexander 0 15 3 Alexander (13/6 paid) 0 16 3 0 17 0 Aotearoa 0 1 3 0 1 9 Bell Hill — 0 3 3 Bell Hooper (9d paid > 0 1 05 0 1 i Bell Hooper (1/paid) 0 1 0 0 1 3 Bell Kilgour . . . 0 1 4 0 1 7 Big River — 0 1 6 Blackwater .... 1 12 6 1 15 0 Central Shotover (9d paid) . . . ( c ii 0 1 2 Freshford 0 0 5 0 0 55 Gillespie's Beach . 0 2 0 0 2 0i Golden Point . . 0 0 li 0 0 25 Kawarau 0 0 55 0 0 7 King Solomon . . 0 3 05 0 3 3 Lawson’s Flat . . 0 0 4 0 0 65 Mahakipawa . . . 0 0 15 J) 0 2 Do. (pref.) .... — 0 0 3 New Cornish Point (1/- paid) . . . 0 1 05 0 1 1 New Cornish Point (6d paid) . . . 0 0 65 0 0 7 Nokomai 0 2 6 0 2 11 Okarito 0 10 0 0 10 Oxenbridge Shotover (9d paid) 0 0 8 0 0 10 Paddy's Point . . . 0 4 6 0 6 Waihi (cum div.) 1 5 1 1 W a i h i Grand Junction . . . 0 4 1 0 4 4 Waitahu 0 5 0 0 6 0 Bendigo Goldlights <6d paid) . . . 0 0 6 0 0 75