COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19668, 9 December 1933, Page 5

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS. (Special to " The Herald ”) CHRISTCHURCH, December 8. The following quotations were current when the Stock Exchange closed for the day:— Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debentures—--3i p.c. Inscr., 193843 100 0 0 4 p.c. Inscr., 1940 102 5 0 4 p.c. Inscr., 1949 100 5 0 4 p.c. Bonds, 1940 102 5 0 4 p.c. Bonds, 1955 102 5 0 Other Debentures— Westport-Stockton, 65 p.c., 1933 . . 60 0 0

YESTERDAY'S SALES. By Telegraph Press Association AUCKLAND. December 8 Sales on Change.—Stock, 1940, 4 per cent.. £102; Commercial Bank of Australia, 17 1. 17 3 «2»; Bank of New South Wales. £32 6 South British Insurance. 77 3. 77 - (2); Goldsbrough Mort.. 32 3; Pukemiro Collieries, 22 - <2>; Dominion Fertiliser, 18 3: Dunlop Rubber, 19 8; Farmers’ Trading, 3 8;

Bell Hooper, 105 d; Gillespie’s Beach, 1/10*; Waihi, 26/11. Unofficial List.—lnvestment Executive Trust (B Debs.), £IOO. WELLINGTON, December 8. Sales on ’Change—Four per cent, stock, 1940, £lO2/5/-; Commercial Bank 17/2; Wellington Gas 34/-. Add Bank of England ARO Proportion of reserves to liabilities, 48.30 per cent.; short-dated bills l per cent.; three months’ bills, 1 3-32 per cent. CHRISTCHURCH, December 8. Sales on 'Change.—4 per cent. Inscr., 1940, £lO2/10/-; 1946, £lOl/17/6; 1949, £IOO/12/6; 1955, £102; New Zealand Refrigerating (£1 paid), 19/11 (2); New Zealand Breweries, 36/6; Dominion Fertiliser, 18/3 (5); Dunlop Rubber, 19/7 (2); Henry Jones Co-op., 33/-; Bell Hooper (9d paid), lid, llid (2); Bell Kigour, ll*d (2); Charleston Sluicing, 1/6; Nevis Diesel Electric, 1/05 (3); Nokomai, 2/7, 2/6*. Sale Reported.—Dominion Fertiliser, 18/3. DUNEDIN, December 8. Sale on ’Change.—Freshford 2d. Sales reported—Bank of New Zealand £2 8s 4d, Bell-Kilgour 1/- (3), 4 per cent Stock 1955 £lO2 ss. SYDNEY STOCK EXCHANGE. United Press Association —By Electric Telegraph—Copyright (Received December 8, 8.50 p.m.) SYDNEY, December 8. The Stock Exchange to-day was buoyant, the improvement being based largely upon the sustained advance in wool values. One of the most conspicuous advances was in Goldsbrough Morts and some consols touched new high levels. Sales:—Bonds 1938, £lO5/13/9; 1941, £lO4/5/-; 1944, £105; 1947, £lO5/2/6, 1950, £lO5/17/6; 1953. £lO6/2/6; 1955 £lO6/10/; 1957, £1055/-; 1961, £105; Commercial Bank of Sydney, £l7/7/- ; Commercial Bank of Australia, 17/9; National Bank, £6/10/-; Bank of New South Wales, £32; United Insurance (New Zealand delivery). £9/7/6; Australian Gas (A pref.), £7/12/-; Tooheys 23/7*; Tooths 42/9; Goldsbrough Mort. 33/3; Winchcombe Carson, 29/7*; Wilcox Mofflin, 11/3; Burns Philp, 53/d; Howard Smith, 12/3; Dunlop Perdriau, 19/9; Associated News, 20/75; pref., 20/4*; Broken Hill Proprietary, 41/-; Bulolo £5/10/-; Bulolo Deposits, 2/2; New Guinea Goldfields, 6/5. Melbourne.—Commercial Bank £l7 10/-; Goldsbrough Mort, 33/3; British Tobacco, 37/6; Dunlop Perdriau, 19/6, Mt. Lyell, 22/75; Broken Hill Proprietary, 40/9; Herald and Weekly Times, 49/6.

ST. ANDREWS SALE GOOD STOKE MARKET. The fortnightly sale was held on Thursday, and average yardings of fat and store sheep came forward. Cattle were in short supply. The fat sheep sale for woolly wethers and ewes was back on the previous sale, but on the other hand store sheep were up, especially wethers. The various sales made were:— Forward heifer £3, 2 forward steers 2 year old £2/12/6, shorn fat ewes 15/10, 13/6, 17/1, 16/7, shorn fat wethers 16/6, 21/1, fat wethers in the w'ool 27/6, 24/6, fat ewes in the wool 17/-, 21/6, 21/21/-. Store Sheep.—Too tooth ewes 19/9, 20/3, two tooth wethers 16/4, 16 8 and 15/7, aged ewes and lambs 12/5, four tooth ewes and lambs (in wool) 17/-. NORTH CANTERBURY FREEZING COMPANY. By Telegrapn—Press Association CHRISTCHURCH, Dec. 8. The annual report of the North Canterbury Sheep Farmers’ Co-operative Freezing Export and Agency Coy. states that the drought of last summer caused an early rush of stock into the works, but the failure of the autumn feed resulted in a reduced turnover for the season. The improvement of prices on the London market towards the end of the year proved beneficial to producers taking advantage of the Company’s open door policy. The trading results for the year disclose a profit of £7855/19/-, from which the directors recommend that the sum of £3635/18/- be appropriated for depreciation, leaving £4220/1/- to be transferred to the appropriation account. LONDON DAIRY MARKET. LONDON. December 7. Sugar—January, 4/61. Butter.—Danish 110/-, Australian and New Zealand are steadier. Choicest salted, both 71/- and 72/-; unsalted New Zealand 88/- to 90/-; Australian 80/- and 84/-. Cheese is dull; New Zealand, coloured. 46/6, white 48/-; Australian, coloured 44/-, white 45/-. Messrs Dalgety and Co., Ltd.. Timaru, have received the following cable from their London Office, dated December 8: Butter.—Market firmer. Danish 110 - to 112/-, Australian, unsalted, 78 - to 84/-. Australian, salted, @9'- to 71/-. New Zealand, salted, 70/- to 72/-. Australian g.a.q., 66/- to 68/-. Cheese.—Market steady at present prices. Australian, white and coloured, not quoted. New Zealand, white, 47 - to 49/-. New Zealand, coloured, 46/to 47/-. Canadian, white and coloured ! 48/- to 53 -. SHARES. LONDON, December 7. Slihres—P. and O. deferred stock, 36 61; Mt. Lyell 17. -; New Guinea : Gold 5 03. I FOREIGN EXCHANGES. British Official Wireless RUGBY, December 7. Foreign Exchange quotations are: Par. Paris, fr. to £1 .. . . 124.21 83 15-32 New York, dol. to £1 4.866 5.101 Montreal, dol. to £1 4.866 5,04* ! Brussels, belgas to £1 35 23.5! Geneva, fr. to £1 .. 25.2215 16.86; Amsterdam, n. to £1 12.107 9.13 ! Milan, lire to £1 .. 92.46 62.0 Berlin, reich to £1 .. 20.43 13.69 Stockholm, kr. to £1 18.159 19.39 Copenhagen kr. to £1 18.159 22 40 Oslo, kr, to £1 .. .. 18.159 19.90 i Vienna, schgs. to £1 34.545 293 Prague, kr. to £1 .. 165.25 1101 I Helsingfors, marks to £1 193.23 225 17-32 : Madrid, pesetas to £1 25.2215 39 31-32 Lisbon, escudos to £1 110 no Athens, rirach to £1 375 570 Bucharest, lei to £1 818.6 550 Belgrade, dinars .. 25.2215 240 J Rio de Janeiro, d. to milrets 4 892 81 Buenos Aires, d to dol 35.577 35 i Monte Video, d to dol. 51 35! Bombay, d to rupee 19 18 1-32 Shanghai d. to do!. * 15 11-16 Hongkong, d to dol. * 17 3-16 Yokohama, d. to dol. 19 14 15-32 Warsaw, par zlotys to £1 43.36 29.0 Batavia, guilder .. 12.107 8.09 •Determined by price of silver.

Banks— Australasia .... — 12 8 6 Comm, of Aust. . . t 17 5 C 17 6 Comm, of Sydney 17 4 0 17 9 0 National of A/asia (£10 paid) . . 12 6 6 12 9 0 National of A/asia (£5 paid) .... e 6 6 6 10 0 National of N.Z. (cum. div.) . . . 4 1 0 4 2 6 New South Wales 32 2 6 32 10 0 New Zealand (cum div.) 2 8 i 2 8 6 New Zealand (“D” Mort. Shares, cum. div.) . . . 1 12 6 1 13 0 Queensland Natl. . 5 7 6 — Union of Aust. . . 9 12 6 9 17 0 Insurance— National 0 19 0 0 19 2 United — 9 10 0 Loan and AgencyGoldsbrough Mort. 1 12 4 1 12 8 National Mortgage "A” 3 3 0 3 8 0 N.Z. & River Plate 1 5 0 — N. Z. Guarantee Corpn 0 8 3 — United Building Society 0 17 9 1 0 0 Shipping— Huddart Parker . . 1 11 9 P. and O. Deferred Stock — 1 4 0 Frozen Meat— Canterbury (cum. div.) 10 15 0 11 15 0 Canterbury (pref. cum. div.) . . . 5 13 0 6 0 0 N.Z. Refrigerating £1 paid) .... 0 19 11 i 0 1 N.Z. Refrigerating (10/- paid) . . 0 9 6 0 9 8 Woollens— Kaiapoi (17/- pd) 0 7 10 0 8 1 Kaiapoi (7/- paid) 0 1 3 — Kaiapoi (pref.) . . — 0 18 0 Mosgiel 9 0 0 — Wellington (ord.) . — 5 13 6 Coal— Grey Valley . — 0 14 0 Westport 0 13 8 0 14 6 Gas— Ashburton .... 5 10 0 Auckland 1 3 6 — Christchurch . . . 1 8 0 1 9 0 Christchurch (10/paid) 0 13 6 0 14 0 Breweries— Carlton 2 2 0 2 2 10 New Zealand . . . 1 16 4 1 17 6 Timaru 0 7 0 0 12 6 Timaru (7/6 paid) 0 5 0 — Tooths 2 1 3 2 2 3 Miscellaneous— Amalgamated Wireless (contr.) . . 1 1 0 1 1 6 Anthony Hordern 0 13 6 0 13 8 Australian Glass . 2 7 1 2 8 0 Beath and Co. . . 1 9 0 1 10 0 Beath and Co. (1 - paid) 0 6 6 0 6 11 British Tobacco (cum. div.) . . 1 17 3 1 17 4 Broken Hill Propty. 1 19 6 — Colonial Sugar . . 60 15 0 62 10 0 Dominion Fertiliser 0 18 3 0 18 4 Electrolytic Zinc (pref.) 1 13 1 1 13 3 Donaghy Rope and Twine 2 5 0 2 8 0 DunloD Rubber . . 0 19 6 0 19 7 Greater Crystal Palace 0 15 0 1 0 0 Henry Jones Co-op 1 12 6 1 13 3 Milburn Lime . . . 1 9 0 — Mt. Lyell (cum. d.) 1 2 4 1 2 7 N.Z. Farmers' Fertiliser . . . 0 17 6 1 1 0 N.Z. Farmers' Co-op. (“B" pref) — 1 0 0 N.Z. Farmers’ Co-op. (41 p.c. Stock, 1940) . . 66 0 0 — N.Z. Farmers' Co-op. <4 i p.c. i Stock. 1945) . . 66 0 0 76 0 0 Victoria Nvanza i Sugar — 1 0 o Woolworths (N.Z.) ! (pref. cum. div.) 1 15 0 — Woolworths (N.Z.) (ord. cum. div.) - 5 9 6 Mining— Addison’s Flat . . 0 1 3 0 3 1 Alexander ..... 0 15 0 0 19 6 Do. (13 6 paid) 0 [4 0 0 16 9 Aotearoa <cum. d.) 0 1 3i 0 1 6 Bell Hill 0 1 6 0 2 6 Bell Hooper (9d paid) .... 0 0 .14 0 1 0 Do. (1/- paid) . . 0 0 1 0 1 O' Bell Kilgour . . . 0 in 0 1 0 Bendigo Goldlights 0 0 Big River .... 0 0 .0 0 1 0 ! Blackwater (cum div.) 1 L0 3 1 L3 0 Central Shotover (9d paid) . . . 0 0 91 0 0 .0 Charleston Sluicing 0 1 8 0 1 10 ! Consolidated . . 1 0 0 Freshford 0 0 2 0 0 4 Gillespie's Beach . 0 1 10 0 1 lOi ! Golden Dawn . . 0 1 3 0 1 11 Golden Point . . . 0 0 21 0 0 3 Golden Sands . . 0 2 .0 0 3 0 Kildare ...... 0 1 6 0 2 0 King Solomon , . _ 0 3 1 Lawson's Flat . . . 0 0 4 J — Mahakipawa , . 0 0 1 0 0 li Do. (prof.) .... 0 0 1 0 0 4 Mining House Concessions (6d pd.) 0 0 31 0 0 4 Nevis Diesel Elec. 0 1 03 0 1 1 New Cornish Point (1 - paid) . . 0 0 1 0 1 0 Do. <6d paid.) . . . 0 0 6 0 0 5i 1 Nokomai 0 2 0 0 2 6 Dkarito 0 8 0 0 10 0 Maerewhenua < 1 - paid > 0 0 .0 0 10: 1 Oxenbridge Shotover t9d paid) . 0 0 6 9 0 0 8 Walhi 1 6 9 1 7 0 Waltahu 0 4 6 0 5 0 Wetherstones . . . 0 1 8