COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19802, 18 May 1934, Page 16

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to “ The Herald ” CHRISTCHURCH, May 17. The following quotations were ruling when the Stock Exchange closed for the day:— Buyers. Sellers. £ s' d. £ s. d.

Unlisted Stocks. All transactions in stocks quoted in this section are subject to a different rate of brokerage from Listed Stocks, Buyers. Sellers.

YESTERDAY’S SALES. I By Telegraph—Press Association AUCKLAND, May 17. Sales on ’Change.—Stock 1938-52, 35 per cent £lO4, Auckland City 1940 5i per cent £lO5, E.S. and A. Bank £5 Bs, Bank of New Zealand 51/6. Union Bank £lO Is. New Zealand Insurance 62/3, Dominion Investment 16/-, Guar. Corp. 4/3, Northern Steam 6/-, Farmers’ Trading 4/4, Farmers’ Fert. 18/6 (2) N.Z. Newspapers 29/6. Robinson Ice 17/6 (£2), Union Oil 27/6, Wilson Cement 28/-, Golconda (9d paid) sd. Golden Point 4id. Goldfields Dredging Bd. Mataki 2/2 (2), Talisman Dubbo 15/6. Unofficial list—Auckland Farmers’ Freezing (£5 paid) 90/- (odd lot), Golconda Holdings 1/3. CHRISTCHURCH May 17. Sales of unlisted stocks—N.Z. Mining Investment (1/- paid) 6d. Worksop Extended (1/- paid) 1/10 (2). Sales on 'Change.—Stock 1949 4 per cent £lO6 2s 6d, 1955 £lO7 10s, Commonwealth Bank of Australia 16/9, 16/10. E.S. and A. Bank £5 Bs. Bank of N.S. Wales (cum div.) £32, £32 7s 6d, N.Z. Refrig. (10/- paid) 8/6 (2), Kaiapoi Woollens (7/- paid) 3/-, Timaru Brewery (7/6 paid) 6/-, BellHooper (1/- paid) 85d (2), Brian Boru (1/- paid) 1/10 (2). 1/95 (2). Deep Lead (1/- paid) 2/-, Gillespie’s Beach 1/11, Glenroy 8d (2), Golden Point 4d (2). I King Solomon 4/1, 4/- (2). Maerewhenua lOd, Mahakipawa 115 d, 1/(7), Nevis Diesel Electric 42d (4), Nokomai 3/15, 3/2, 3/25, Rawang Tin 9/05 (2), Skippers Ltd. 1/- paid lid (3) Sales reported—Booth MacDonald 65 per cent 1937 £65. Commercial Bank of Australia 16/9 (2). Christchurch Gas 32/-. N.Z. Farmers’ Co-op (45 p.c. stock 1940) £Bl. DUNEDIN, May 17. Sales on Change.—Nokomai 3/3. Sales reported—Southland Frozen Meat (ord.) 66/-, N.Z. Newspapers 29/6, Golden Pt. 4d, Nokomai 3/5 (2), Paddy Point 2/9 (2), Stock 1940 4 per cent £lO5 ss, Bonds 1946 £lO5 10s, 1949, £lO5 10s, 1955, £lO7. SYDNEY STOCK EXCHANGE. United Press Association—By Electric Telegraph—Copyright (Received May 17, 8.15 p.m.) SYDNEY, May 17. 'On the Stock Exchange, the lowered prices to-day brought in buyers. Bank shares were in greater request and Commonwealth Bonds were taken in fairly large parcels. The market retains its strong undertone. Sales:— Bank of New South Wales, £32; Commercial Bank of Sydney, £l7/10/-; National Bank (£5 paid), £10; Ditto (£lO paid), £l3/7/6; Union Bank, £10; Australian General Insurance, 13/6; Mercantile Mutual Insurance, 22/6; Colonial Sugar, £65/2/6; Associated News, 24/3; Howard Smith, 14/6; Australian Gas (A), £B/1/6; Tooths, 45/3; Tooheys, 28/9; Australian Glass, 50/9; Henry Jones Co-op., 32/9; Electrolytic Zinc, 20/9; Meggitt’s, 22 3; Australian Iron and Steel (pref.), 22/9; General Industries (pref.), 23/6; Hoyts (A pref.), 21/1; Ditto <B pref.), 14/1; Commonwealth Wool, 21/3; Wilcox and Mofflin, 13/2; Pitt, Son and Badgery, 44/-; David Jones Co-op., 31/-; Newcastle Gas (A and B.), 13/3; Mount Morgan, 23/3; Broken Hill Proprietary, 46/9; South Broken Hill, 72/-; Bulolo Deposits, 1/8; Rawang Tin, 9/2; Rawang Concessions, 29/6; Tanah Biji, 18/6. METALS MARKET United Press Association—By Electric Jel egraph—Copyrlgh t (Received May 17. 8.10 p.m.) LONDON, May 16.

AUSTRALIAN MARKETS. Onlted Press Association—By Electric Telegraph—Copyright (Received May 17, 8.10 p.m > _ , , SYDNEY, May 17. Wheat, at country sidings, is quoted at 1/lli a bushel for bulk, and 2/- for bagged, which is equal to about 2/71 and 2/7, ex trucks, Sydney Flour.—£lino/- a ton. Bran.—£4/5/- a ton. Pollard.—£s a ton. Potatoes.—Tasmanian £7/10/- a tonVictorian £6 a ton. Maize.—Yellow, 3/- a bushel; white 3/4. Onions.—Victorian Brown Spanish £5/10/- and £6 a ton. ADELAIDE. May 17. Wheat.—Growers’ lots. 2/4 a bushel Flour.—Bakers’ lots, £ll/10/- a ton. Bran.—£s/5/- a ton. Pollard.—£4/15/- a ton. Oats.—2/- a bushel. Barley —2/- a bushel. WAIHI GRAND JUNCTION. By Telegraph-Press Association . AUCKLAND, May 17. ™ Waihi Grand Junction profit for 1933 is £13.771, compared with £12,211 in 1932. The dividend is id a share (unchanged). AUSTRALIAN COMPANY ADVICES. By Telegraph—Press Association WELLINGTON, May 17. The directors of the Australian Glass Company recommend the declaration of a final dividend for the half-year ended March 31 of 41 per cent on preference and 5 per cent on ordinary shares, making 9 per cent on preference and 9 per cent on ordinary for the year payable on June 27. The Mount Lyell Company has advised the Stock Exchange Association that owing to the continued low price of copper and interruptions to production caused by shortage of rainfall, mining operations during the six months ended March 31 were carried on at a loss, and no intefim dividend can be paid. HOLME STATION SALE. A special sale was held at the Holme Station yards yesterday. About 1300 sheep were yarded, the majority being fat lambs and fat ewes. The sale for fat stock was a very good one, and store sheep sold at late values. Sales made were; Fat wethers 22/3 to 24/1. fat ewes 12/4 to 16/3, fat lambs 20/9 to 23/10, aged ewes 6'and 10/-, m.s. lambs 12/5 to 15/-, full and failing mouth ;-bred ewes 17/7. aged I-bred wethers 12/6, weaner pigs made from 8/- to 10/-. DAIRY PRODUCE. The South Island Dairy Association, Ltd., has received the following market report from the N.Z. Produce Association, Ltd., London: Butter: Improved owing short available supplies, 76/- to 77/-. Danish 85/-. Cheese: Steady white 45/-, coloured 44/6. Die New Zealand Loan and Mercantile Agency Co., Ltd., have received the following advice from their London Office:— Butter 76/-, 77/-. Cheese: White 44/-, 45/-, coloured 44/-. FOREIGN EXCHANGES. British Official Wireless RUGBY. May 15. Foreign exchanges on London to-day compered with rates previously quot-

WAR LOAN. United Press Association—By Electric Telegraph—Copyright LONDON. May 15. War Loan, 3 h per cent., is quoted at £lO2/15/-. PRICE OF SILVER. United Press Association—By Electric Telegraph Cooyrlght LONDON. May 15. Silver—Spot and forward, 19 5-16 d an ounce.

N.Z. Govt. Debs.34 p.c. Inscr., 193843 and 1939-43 . 103 10 0 4 p.c. Inscr., 1940 105 10 0 106 0 0 4 p.c. Inscr., 1946 105 15 0 106 10 0 4 p.c. Inscr., 1949 106 0 0 106 10 0 4 p.c. Inscr., 1955 107 10 0 — 4 p.c. Bonds, 1949 106 5 0 4 p.c. Bonds, 1955 107 10 0 — Other Debs.— Booth, Macdonald, 61 p.c., 1937 . . 65 10 0 66 10 0 Westport-Stockton Coal, p.c. 1938 95 0 0 — Banks— Comm, of Aust. . . 0 16 10 0 16 11 Comm. of Aust. (pref.) .... 9 12 0 Comm, of Sydney — 17 10 0 E., S. & A 5 7 6 5 8 0 National of A’asia. (£5 paid, cum div.) 6 6 0 6 12 0 New South Wales (cum div.) . . . 32 7 6 32 12 6 New Zealand (cum. div.) 2 11 3 2 11 9 Union of Aust. . . 10 0 6 10 1 0 Insurance— National 0 19 6 1 0 6 South British . . 3 18 0 Standard 3 2 0 — Loan and Agencj _ Ch’Ch. Building Society .... 13 0 0 — Dalgety and Co. (ex div.) . . . 10 1 0 10 8 0 Goldsbrough Mort. 1 11 3 1 12 6 Mutual Benefit . . 10 0 0 N.Z. Guarantee Corporation . . 0 4 2 0 4 3 New Zealand Loan and Mercantile (ord. stock) . . 53 0 0 — Permanent Investment 8 5 0 9 0 0 United Building Society .... 1 0 0 — Wright, Stephenand Co. (pref.) 1 0 6 1 4 0 Shipping— Huddart Parker 1 12 6 — Frozen Meat— Gear 1 7 0 1 8 8 N.Z. Refrigerating (£1 paid) . . . 0 17 6 0 18 3 N.Z. Refrigerating (10/- paid) . . 0 8 3 0 8 6 North Canterbury Freezing .... 0 11 0 0 13 0 Wellington .... 0 5 6 — Woollens— Bruce — 0 9 9 Kaiapoi (17/- pd.) 0 9 6 0 10 2 Kaiapoi (pf.) . . . — 0 18 3 Mosgiel 9 10 0 — Coal— Westport (c. div.) 0 15 6 — Stockton (pref.) . 0 3 2 0 3 4 Gas— Auckland 1 5 9 — Christchurch . . . 1 12 0 1 15 0 Christchurch (10/paid) 0 16 0 0 17 0 Timaru 1 0 0 — Breweries— New Zealand . . . 2 2 0 2 2 1 Staples 1 7 6 1 8 0 Timaru 0 8 0 — Timaru (7/6 paid) 0 6 0 0 6 6 Tooths 2 4 6 2 5 0 Miscellaneous— Allied Motors . . . — 0 3 6 Anthony Hordern 0 15 8 0 16 1 Australian Glass (cum div.) . . . 2 9 6 — Aust. Iron & Steel (pref.) , . . . . 1 2 0 1 3 0 Beath and Co. . . 1 11 9 1 13 0 Beath and Co. (1/- paid) . . 0 8 0 0 8 2 Burns Philp . . . — 2 17 0 Colonial Sugar . . — 64 5 0 D.I.C. (10/- paid) 0 14 0 0 17 0 Dominion Fertiliser . . . 0 17 3 0 17 11 Dunlop Rubber . . 0 18 6 0 18 7 Electrolytic Zinc (ord.) 1 6 3 1 6 8 Electrolytic Zinc (pref.) 1 13 2 1 13 3 General MotorsHolden's (pref.) 1 1 0 — Greater Crystal Palace (ex div.) 0 18 0 1 2 6 Henry Jones Co-op. (cum div.) 1 11 6 1 12 6 Howard Smith . . 0 14 0 0 15 0 Hume Pipe (Aust.) 0 13 6 — Kauri Timber . . — 0 17 6 Mason Struthers (£1 paid) . . . 0 12 0 0 17 6 Moturoa Oil . . . 0 2 6 0 3 9 New Colosseum . . 1 15 0 1 18 0 N.Z. Drug Co. . . 3 16 6 — N.Z. Malay Rubber 0 6 0 — Evans Atlas Flour 1 18 0 2 3 0 N.Z. Farmers’ Co-op. (44 p.c. Stock, 1940 . . 81 D 0 82 0 0 N.Z Farmers' Co-op. 4h p.c. Stock, 1941 . . 81 0 0 82 0 0 N.Z. Farmer s’ Co-op. (44 p.c. Stock, 1945 . . 80 0 0 82 0 0 N.Z. Newspapers — 1 10 0 Whitcombe and Tombs .... 3 15 0 — Wilson’s Cement (cum div.) . . 1 7 11 1 8 3 Woolworth (N.Z.) ord 5 15 0 6 5 0 Woolworths (Sydney) (2nd pf.) . 1 5 6 — Myers Emporium . 1 11 3 1 13 6 Mining— Addison’s Flat . . — 0 2 10 Alexander (13s 6d paid) 0 14 7 0 15 i Aotearoa .... 0 ) 4 0 0 9 Bell Hill 0 1 3 0 2 6 Bell Hooper (1/paid) 0 C 8 0 0 10 Bell Kilgour . . . 0 0 2 0 0 6 Brian Boru (1/paid) .... 0 1 9 0 0 1 9h Big River — 0 0 L0 Bulolo 7 0 0 — Deep Lead (1/paid) 0 1 m 0 2 1 Central Shotover (9d paid) . . . 0 0 8 0 0 9 Consolidated . . . 0 16 0 0 18 0 Freshford (in liq.) 0 0 0£ 0 0 14 Gillespie’s Beach . 0 1 L0i 0 2 0 Glenroy (9d paid) 0 0 71 0 0 9 Golconda (9d pd.) 0 0 1 Golden Dawn . . 0 1 3 0 2 4 Golden Point . . . 0 0 31 0 0 4 Goldfields Dredging 0 0 71 0 0 8 Hatter’s Flat . . 0 0 1 0 0 8 King Solomon . . 0 3 LI 0 4 1 Kuala Kampar . . 0 15 0 0 17 0 Lawson’s Flat . . 0 0 4-3 0 0 5 Maerewhenua . . 0 0 91 0 0 10. 1 * Mahakipawa . . . 0 v) 111 0 1 0 Do. (pref.) . . . 0 1 4 0 1 6 Mining House Cancessions (6d pd) 0 0 3 0 0 4i

Mt. Lyell 1 2 9 1 2 Mount Morgan 1 o 7 1 Moonlight Nelson Creek . . 0 0 74 0 Nevis Diesel Electrie 0 0 43 0 0 5 New Cornish Point 0 0 8 0 Do. (6d paid) . . 0 0 34 0 Nokomai . . . 0 3 Okarito 0 8 3 0 8 Rawang Tin . . . 0 8 11 0 9 Upper Shotover (1/- paid) . . . 0 0 9 Do. 9d paid) . . 0 0 9 0 1 Waihi Grand Junction Waitahu 0 4 4 Skippers Ltd. (1/paid) 0 0 104 0 Peninsula Tin (22/paid) .... 1 1 1 Wetherstones . . 0 0 6

£ S. d. £ S. d. Auckland Farmers’ Freezing (£1 pd.) Auckland Farmers’ 0 17 0 - Freezing (£5 pd.) 4 0 • 0 Ben Ledi (6d paid) 0 0 u Claude Neon Lights 2 4 6 2 Dominion Life . . J.ones Nevis (9d — 0 2 6 paid) . . . Golconda Holding 0 0 ii 0 0 10 (1/- paid) . . . Mossy Creek (1/0 1 1 0 1 > paid) .... 0 1 71 Long Trail .... 0 1 0 National Tobacco National Tobacco — 3 4 0 (pref.) . 1 10 0 N.Z. Mining Investment (1/paid) . . . 0 0 6 N.Z. Woolpacks Para Rubber (15/0 5 6 paid) Procera Bread (10/- — 0 16 0 paid) .... 0 12 0 0 15 6 E. Reece Ltd. (pf.) 0 1 0 Oswald M. Smith . 0 1 9 0 Smith Wyllie . . . 0 12 3 Snowy River . . . Sun Newspapers 0 0 u 0 0 3 GO/- paid) . . Tru-Color Films 0 3 3 0 4 0 (12/- paid, pf.) Were’s Investment 0 12 0 1 5 0 Trust . . . 0 3 6 0 4 6 Wool worths (Victoria) (pref.) . Woolworths (Syd- — 1 7 0 ney) (ord.) . . Worksop Extended 5 10 0 5 14 0 (1/- paid) . . 0 1 91 0 1 101

Quotations: — Copper— Standard, spot .. ... 32 13 9 Forward ... 32 18 9 Electrolytic .. .. . .. 36 0 0 to . .. 36 5 0 Wire bars .. .. . .. 36 5 0 American electrolytic 8.50 cents, per lb. Lead— Spot . .. 11 0 0 Forward .. .. 11 6 3 Spelter— Spot 6 Forward .. .. 9 Tin— Spot ... 232 10 0 Forward .. .. ... 226 17 6 Silver— Standard, per oz. ... 19 1 -8 Pine, per oz. .. ... 20 5 -8

ed •— Par. New York, dol. to £1 4.86 5.11 Montreal, dol to £1 4.86 2 3 5.102 PUris, fr. to £1 .. .. 124.21 77 11-32 Brussels, elgas to £1 35 21.84 Geneva, fr. to £1 .. 25.221 15.721 Amsterdam, fl. to £1 12.107 7.53 Berlin, reich to £1 .. 20.43 12 90 Stockholm, kr. to £1 18.159 19.40 Copenhagen, hr. to £1 18.159 22.391 Milan, lire to £1 Buenos Aires, pence 82.46 60 1-32 to pesos 47.28 - t36§ Belgrade, dinars to £1 276.32 225 Oslo. kr. to £1 .. .. 18.159 19.901 Vienna, schgs, to £1 34.581 28 Prague, kr. to £1 Helsingfors, marks to 164\ 1225 £1 193.23 2262 Lisbon, escudos to £1 110 110 Athens, escudos to £1 110 +530 Madrid, pesetos to £1 12.221 37 5-16 Bucharest, lei to £1 Rio de Janeiro, d. to 813.6 510 mils Monte Video, d. to 5.899 141 pesa 51 Par 1381 Values in Pence. Bombay, rupee .. .. 18 18 1-16 Shanghai, dol — 151 Hongkong, dol * 16; Yokohama, yen .. .. 2.28 141 “Varies with price of silver tSellers, official.