COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19783, 26 April 1934, Page 16

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Herald " CHRISTCHURCH, April 24. The following quotations were current when the Stock Exchange closed for the das': —

Unlisted Stocks. All transactions in stocks quoted in this section are subject to a different rate of brokerage from listed stocks, and are not quoted on the official list.

TUESDAY'S SALES. By Telegraph—Press Association 0 AUCKLAND, April 25. Sales on 'Change.—Stock, 1940, 4 per cent., £lO4/2/6; 1946, £104; 1949. £lO2/10/-; 1955, £lO4/10/-; Auckland Harbour Board, 1936, 4 per cent, £101; 1948, 5:: per cent, £105; Bank of New Zealand, 48/9 (2); Bank of New Zealand (D Mortgage), 34/-; Australian Provincial Assurance, 10/6; South British Insurance, 79/- (2), 79/3; Goldsbrough Mort., 34/6; Loan and Mercantile, £57/10/-; Auckland Gas (con.), 18/6; New Zealand Breweries, 41/9; British Tobacco, 37/3; New Zealand Refrigerating (10/- paid), 7/6; Big River, 85d; Blackwater, 32/3; Gillespie’s Beach, 1/10; King Solomon, 4/7; Maerewhenua, llld; Mahakipawa, Bid (6); Waihi, 35/-, 35/3; Skippers (paid), 1/15 (2); Skippers (9d paid), 10id.

Unofficial List.—lnvestment Executive Trust (2nd B), £96; John Fuller, 1949, 61 per cent., £BS. WELLINGTON, April 25.

Sales on 'Change.—Stock 4 per cent, 1940, £104; 1949, £lO2/10/-; Bank of New Zealand, 48/9 (3), 48/7; South British Insurance, 79/3; Dunlop Rubber. 18/7; New Zealand Paper Mills, 31/-; Moturoa Oil, 2/6 (2); Mount Lyell, 23/9; Okarito, B'9 (2). CHRISTCHURCH, April 25. Sales on 'Change.—Bank of New Zealand (D Mortgage shares), 34/3; Union Bank of Australia, £10; Southland Frozen Meat, 65/-; New Zealand Breweries. 41/11, 42 - (4); British Tobacco, 37,6; Dunlop Perdriau Rubber, 18/6 (2); Mt. Lyell, 23/9 (4). 23/7; Bendigo Goldlights. 7d; Bell Hooper (1/- paid), 93d; Brian Boru (cum div.), 39/3 (3); Goldfields Dredging, 8d (2); Mahakipawa, 8d (11); Mahakipawa (pref.), 1/li (2), 1/2 (6i; Mining House Concessions (6d paid), 4id (2); Moonlight Nelson Creek, lOd; Nevis Diesel Electric, 8d (3); Okarito, 8/6 (2); Rawang Tin (cum div), 9/2 (7); Waitahu, 4/6 (7). Sales Reported.—Gillespie's Beach, 1/9; Mining House Concessions (6d paid), 43d; Rawang Tin (cum div.), 9/2; Skippers Ltd. (9d paid). lOd; 4 per cent Inscr., 1940 (odd lot), £lO3/17/6; Lyttelton Harbour Board, 51 per cent, 1/1/53, £lO3/10/- (2); Bank of New South Wales, £32/15/-; Dominion Fertiliser, 17/4; Dunlop Rubber, 18/6 (2); Moturoa Oil, 3/11, 4/-. DUNEDIN, April 25. Sales on ’Change.—Commercial Bank. 16/9; Dominion Fertiliser, 17/6; Bell Hooper, 103 d; Mahakipawa, 73d; Okarito, 8/6; Waitahu, 4/6 (2). Sales Reported.—Bank of New Zealand, 48/6; Broken Hill South, 73/41; Bell Hooper, lid; Maerewhenua. 10: d. lOd; Mahakipawa, 8d; Nevis Diesel Electric, 7d; Skippers (con.), 95d. SYDNEY STOCK EXCHANGE United Press Association —By Electric Telegraph—Copyright (Received April 24. 10.10 p.m.) SYDNEY. April 24. On the Stock Exchange, Government Bonds, preference shares and regular dividend-paying ordinary issues, commanded strong support and the balance of price movements favoured sellers. Associated Newspapers and brewery shares were firmer, but banks were quiet. Sales: Commercial Bank of Sydney, £l7 18/-; New Zealand Insurance, 60/6; Associated News, 24/3; (pref.), 24/-; Adelaide Steam. 25/-; Australian Gas (A), £B/1/6; Australian Glass, 50/-; British Tobacco, 37/9; Tooths, 44/9; Carlton Brewery, 45/6; Dunlop Perdriau, 18/75; (pref.), 36/-; Morris Hedstrom, 17/3; Henry Jones Co-op., 33/6; Millaquin Sugar, 29,6; Electrolytic Zinc, 27/6; Farmers’ Trading, 19/-; David Jones Co-op., 41/-; Lustre Hosiery, 24/43; Standard Cement, 17/3; General Industries, 12/6; Maggitts, 22/6; United Provisions, 9/-; Australian Iron and Steel (pref.), 22/45; W. R. Carpenter (pref.), 22/-; Taranaki Oil. 2/2; Mt. Morgan, 20/10S; Mt. Lyell, 23/71; Broken Hill Proprietary, 47/-; North Broken Hill, 93/3; Bulolo Gold, £7/6/-; Rawang Tin, 9/2; Commonwealth Bonds (all 4 per cent.), 1938, £lO5/7/6; 1941, £lO7/1/3; 1944, £107; 1947, £lO7/7/6; 1950. £lO7/10/-; 1953. £108.2/6; 1957, £IOB/12/6; 1959, £107; 1961, £IOB. Melbourne sales: E.S. and A. Bank, £5/9/-; Goldsbrough Mort.. 35/-; British Tobacco. 37/103; Gordon and Gotch, 39/6; Howard Smith, 13/9; Mt. Lyell, 23/9. BURNSIDE SALE MUTTON EASIER By Telegraph—Press Association DUNEDIN, April 24. Generally there were smaller entries in all sections at Burnside to-day. Fat cattle.—The yarding numbered 222. There were a few consignments of heavy bullocks, for which there was good competition, up to £l2/12/6 being paid. Values for prime heavies were higher by 10/- a head than last week. Good heifers were sought after, but the greater part of the offering consisted of plain sorts. There was no change in values. Extra prime heavy bullocks made £l2/12/6, prime heavy to £lO/12/6, medium to £B/12/6, light to £5/10/-; extra prime heifers to £7/12/6; extra prime cows to £5/2/6. Fat sheep.—The yarding numbered 1700, comprising a few good quality wethers and ewes. Rates were lower by 1/- a head with a heavier drop for medium. Light weights were firm, thanks to freezing competition. Extra prime heavy wethers sold to 30/-. prime heavies to 27/9. medium to 24 6: extra prime heavy ewes to 23/3, prime heavy 17/- to 19/6, medium 15/- to 16/6 and light down to 12/-. Fat lambs.—About 700 were penned, including some trucks of outstanding quality. Butchers and exporters were operating keenly and late rates were maintained. Extra prime heavy sold to 31/-, prime heavy to 28/6, medium 23/- to 24/6, and light down to 20/6. Fat pigs.—Seventy-eight were forward, including a small percentage of baconers. which realised up to 65/-. Porkers met a better market, and were dearer by 3/- a head, selling at up to 45/-. Eighty-five store pigs were penned. The supply was in excess of the demand, and sales were difficult to effect even at reduced rates. Store cattle—There was a yarding of 182 forward. Buyers purchased sparingly. Well-bred three and four-year-olds sold from £4/17/6' to £5/15/-. Graziers’ cows were cheaper, but boners were firm at late rates. There was a small dairy entry. Any sorts showing quality sold well, top price being £B/2/6. Spring ealvers and old cows were not wanted. LONDON QUOTATIONS. United Press Association—By Electric Telegraph—Copyright (Received April 25, 7.10 p.m.) LONDON, April 24. New Guinea, 6/-; Bulolo, 120/-; Bank of Australasia, £9/17/6; Bank of New South Wales, £26; Union Bank of Australia, £8; National Bank of New Zealand, 62/9; Bank of New Zealand. 4 per cent., £IOO, ex shares, 45/9; New Zealand Loan and Mercantile, 4 per cent debentures, £BO/10/-, ordinary stock, £42/10/-. BRADFORD TOPS. United Press Association—By Electric Telegraph—Copyright LONDON, April 23. Bradford is quietly steady. Users are whiting for the London opening. CURRENCY QUOTATIONS. United Press Association—By Electrlo Telegraph—Copyright LONDON, April 23. The current price of the dollar is 5.15 to the pound. The franc is quoted at 773 to the pound.

Buyers. Sellers. £ s. d. £ S. d. N.Z. Govt. Debentures— 3i p.c. Inscr., 193843 103 10 0 — 3i p.c. Inscr., 193852 103 10 0 — 3J p.c. Inscr., 193943 102 15 0 103 10 0 3 i p.c. Inscr., 193952 103 10 0 — 4 p.c. Inscr., 1940 103 15 0 104 5 0 4 p.c. Inscr, 1946 104* 0 0 104 5 0 4 p.c. Inscr., 1949 102 5 0 102 15 0 4 p.c. Inscr., 1955 4 p.c. Bonds, 1940 103 0 0 and 1946 . . . 104 0 0 — 4 p.c. Bonds, 1949 102 12 6 — 4 p.c. Bonds, 1955 103 5 0 — Other Debentures Ch'Ch. Trams 6i p.c. 1/10/34 . . — 103 0 0 Booth Macdonald, 6k p.c., 1937 . . 55 10 0 — N.Z. Refrigerating 6 h p.c., 1935 . Westport-Stockton 100 0 0 - Coal 6k p.c., 1938 .... 95 0 0 Gisborne Sheepfarmers, 6k p.c., 1941 91 0 0 — Banks— Australasia . . . 12 19 0 Comm, of Aust. . 0 16 10 0 17 0 Do. (pref.) . . . National of A’asia 9 15 6 10 10 0 (£10 paid, cum div.) 13 6 0 13 7 0 National of A’asia (£5 paid, cum div.) 6 7 0 6 9 0 National of N.Z. . 3 18 0 4 1 0 New South Wales New Zealand (cum 32 15 0 33 0 0 div.) 2 3 5 2 8 10 New Zealand (“D” Mort shares) 1 14 6 — Insurance— A.P.A 0 10 4 0 10 Mercantile Mutual — 1 2 3 National (c. div.) . 0 19 6 1 0 6 New Zealand . . . South British )cum — 3 0 0 div.) 3 18 0 Standard .... — 3 1 0 Loan and Agency Dalgety and Co. . 10 0 0 11 0 0 Goldsbrough Mort. National Mortgage 1 14 5 1 14 8 “A” — 3 2 6 Do. “B” N. Z. Guarantee 1 10 0 — Corporation . . Wright Stephen0 4 0 0 4 4 son and Co. (pref.) .... 0 18 0 — Shipping— Northern Steam (14/6 paid) . . Union (pref.) . . 1 5 6 0 6 9 Frozen Meat— Canterbury . . . 9 0 0 9 5 0 Gear N.Z. Refrigerating 1 7 3 (10/- paid) . . North Canterbury 0 7 5 0 7 6 Freezing .... 0 11 0 — Wellington .... 0 5 6 — Woollens— Fruce 0 9 9 Kaiapoi (pref.) 0 17 9 0 18 ti Mosgiel (c. div.) . 9 15 0 — Coal— Westport 0 14 9 0 15 3 Gas— Christchurch . . . 1 9 0 1 10 9 Do. (10/- paid) . . 0 14 0 0 14 9

Breweries— Monteiths .... 0 11 0 New Zealand 2 2 0 2 Staples 1 7 9 1 8 Timaru . . . * . 0 6 6 0 8 Timaru (7/6 paid) 0 4 4 Tooths 2 4 3 2 4 9 Miscellaneous— Associated 1 ewspapers .... 1 3 9 Allied Motors . . Amal. Wireless 0 2 6 0 2 11 (contr.) . . . 1 5 0 1 10 0 Anthony Hordern Australasian Paper — 0 15 9 and Pulp . . . 1 15 3 1 15 9 Australian Glass . Aust. Iron & Steel 2 11 3 (pref.) .... 1 1 6 1 2 3 Beath and Co. . . 1 11 7 1 12 6 Do. (1/- paid) . . 0 3 0 0 8 1 British Tobacco Broken Hill 1 17 4 1 17 6 Proprietary (c. div.) 2 5 0 2 7 0 Burns Philp . . . — 2 17 0 Colonial Sugar . . 65 12 6 — D.I.C. (12/6 paid.) Dominion Builders’ 0 12 6 Supplies .... — 0 4 3 Dominion Fertiliser . . . 0 17 6 0 17 8 Dunlop Rubber . . Electrolytic Zinc 0 18 6 0 18 7 (ord.) .... 1 7 0 1 8 0 General MotorsHolden's (pref.) 1 1 0 — Gordon and Gotch Greater Crystal 2 0 0 Palace .... 0 18 6 1 2 0 Henry Jones Co-op 1 13 3 1 14 0 Howard Smith . . — 0 14 0 Hume Pipe (Aust.) 0 13 0 0 14 0 Moturoa Oil . . . 0 2 6 0 4 0 Mt. Lyell .... 1 3 8 1 3 9 New Colosseum . . 1 10 0 1 18 0 N.Z. Drug Co. . . N.Z. Farmers’ 3 12 0 3 15 0 Co-op., 1st pref. 1 12 6 — N.Z. Farmers’ Co-op., A pref. 0 8 1 1 0 0 N.Z. Farm rs Co-op., Ah p.c. Stock. 1940 . . 76 0 0 76 15 0 N.Z. fanners’ Co-op., 4 5 p.c. Stock, 1941 . . 75 10 0 76 10 0 N. Farmers' Co-op., 45 p.c. Stock, 1945 . . 75 10 0 77 0 0 N.F. Farmers’ Fertiliser .... 0 17 0 — North Canterbury Flour .... — 0 15 0 Weeks Ltd Whitcombe and 7 10 0 Tombs 3 11 0 — Wilson's Cement . 1 6 9 1 7 3 N.Z. Malay Rubber 0 5 0 — Mining — Alexander .... Alexander (13/6 0 16 0 - paid) ..... 0 15 4 0 15 10 Aotearoa .... 0 0 6 0 0 11 Bell Hill Bell Hooper (1/0 1 0 0 2 9 paid) 0 0 95 0 0 10 Bell Kilgour . . . 0 0 6 0 0 7 Bendigo Goldlights 0 0 65 0 0 75 Blackwater .... Brian Boru (cum 1 11 6 1 13 6 div.) 1 19 1 1 19 6 Bulolo 7 0 0 — Deep Lead Ltd. . Central Shotover 0 2 1 0 2 6 (9d paid) c . . 0 0 9 0 0 10 Charleston . . . — 0 1 7 Freshford .... 0 0 0* 0 0 1 Gillespie’s Beach . 0 1 9 0 1 11 Glenroy (9d paid) 0 0 85 0 0 Golconda (9d pd.) 0 0 2 — Golden Dawn . . 0 1 7 0 2 6 Golden Point . . Goldsfields Dredg0 0 12 0 0 21 ing 0 0 9 0 0 11 Hatter’s Flat (1/paid) — 0 0 11 Kildare 0 1 8 0 2 0 King Solomon . . 0 4 6 0 4 7 Kuala Kampar . . 0 15 3 0 16 0 Lawson’s Flat — 0 0 6 Maerewhenua . 0 0 105 0 0 n Mahakipawa . . . 0 0 75 0 0 8 Do. (pref.) .... Mining House Con0 1 15 0 1 2 cessions (6d pd.) 0 0 4 0 0 45 Mount Morgan . . Moonlight Nelson 1 0 0 1 0 9 Creek 0 0 91 0 0 11 Nevis Diesel Elec. New Cornish Point 0 0 8 0 0 85 (1/- paid) •. . . 0 0 10 0 1 2 New Cornish Point (6d paid) o c . 0 0 7 0 0 75 Nokomai 0 1 61 0 1 9 Okarito Oxenbridge Shot0 8 4 0 8 6 over (1/- paid) Rawang Tin (cum 0 0 10 div.) 0 9 2 0 9 21 Talisman Dubbo . W a i h i Grand 0 9 8 — Junction . . . 0 4 6 0 4 10 Waitahu 0 4 4 0 4 6 Wetherstones . . . 0 1 9 0 2 3 Skippers, Ltd. (1/paid) Skippers, Ltd. (9d 0 0 10 0 1 3 paid) Placer Develop0 0 9 0 0 10 ment 20 0 0 —

Buyers. Sellers. £ S. d. £ s. d. Anderson’s, Ltd. (pref.) 0 10 0 0 17 0 Ben Ledi (6d pd.) Coulls, Somerville, 0 0 6 Wilkie — 0 16 0 Canterbury Roller Flour (cum div., 10/- paid) . . . 0 15 0 Dominion Life . . Investment Exec0 3 0 utive Trust (B debentures, 2nd issue) ..... 94 10 0 95 15 0 Investment Exec. Trust (“A” debentures) . . . 99 0 0 Long Trail (2/paid) — 0 0 2 0 National Tobacco N.Z. Perpetual 3 0 Forests 2 0 0 — N. Z. Perpetual Forests (second issue) 18 0 0 __ N.Z. Redwood Forests, £35, 1950 22 0 0 Snowy River . . . — 0 0 2 Sun Newspapers . South Seas Fish0 4 0 ing 0 7 6 — Tru-Color Films (12/- pd., pref.) 0 12 0 — Vigilant Fire Alarm — 0 1 6 Warners Ltd. . . — 0 0 72 Were’s Investment Trust 0 3 7 0 4 4 Woolworths (Sydney) , ord. . . . Worksop Extended - 5 15 0 (1/- paid) . . . — 0 1 10