COMMERCIAL

Timaru Herald, Volume CXXXVII, Issue 19806, 23 May 1934, Page 16

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Herald ” CHRISTCHURCH, May 22. The following quotations were ruling when the Stock Exchange closed for the day:— t Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.— Cl p.c. Inscr.. 193843 and 1939-43 . 104 0 0 4 p.c. Inscr-., 1940 105 15 0 106 10 0 4 p.c. Inscr., 1946 105 10 0 4 p.c. Inscr., 1949 105 10 0 106 0 0 4 p.c. Inscr., 1955 108 5 0 108 15 0 4 p.c. Bonds, 1940 105 10 0 4 p.c. Bonds, 1955 108 5 0

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. Buyers. Sellers.

YESTERDAY’S SALES

rsy Telegraph—Press Association AUCKLAND, May 22.

Sales on ’Change.—Auckland Harbour Board, 1961. 55 per cent., £IOB 10/(2); Auckland City, 1940, 5.1 per cent. £105; Commercial Bank of Australasia (pref.), £9/16/-; Bank of New Zealand (D pref.), 34'9; Queensland Insurance,. 69/-; South British Insurance, 80/-; Farm Auction (B pref.), 21/1; Traders’ Finance (7/6 paid), 2/6; National Timber, 7/-; Bycroft, 47/-, 47/6 (2); Colonial Sugar, £65; New Zealand Newspapers, 29/9; Union Oil, 28/6; Wilson’s Cement, 28/6; Goldfields Dredging, 8d; Mahakipawa, 85d (2), 9d (2); Mataki, 2/1 (2); Waihi Junction. 4/11. Unofficial List —Investment Executive Trust (2nd B), £96; Golconda Holding. 1/5 (2), 1/6 (2).

WELLINGTON. May 22. Sales on ’Change.—Stock 4 per cent.. 1955. £IOB (2); Commercial Bank of Australasia, 16/9; National Bank of New Zealand, 51/- (5); Goldsbrough Mort., 32/3; Wellington Gas, 39/3; Queensland Insurance, 69/-; South British, 80/-; New Zealand Breweries. 42/15; Dominion Fertiliser, 17/10; New Zealand Farmers’ Fertiliser 18/9, 18/85; Blackwater, 32/6; Moonlight Nelson, Bd, BSd (2); Skippers, lid. CHRISTCHURCH, May 22. Sales on ’Change.—Stock 4 per cent.. 1949, £106; Commercial Bank of Australasia, 16/8 (5); National Bank of Australasia (£5 paid) cum. div., £6/10/-; National Bank of New Zealand, £4/2/-. £4/1/3 (2): Bank of New Zealand (cum. div.), 50/7, 50/6; New Zealand Guarantee Corporation, 4/3; Christchurch Gas. 33/6 (3); New Zealand Breweries (cum. div.), 42/3, 42/4; Timaru Brewery (7/6 paid). 6/4; Beath and Co., 33/-; Dominion Builders’ Supplies, 4/6 (2); Dunlop Rubber, 18/9; New Zealand Newspapers, 30/-; Brian Boru (1/- pd.) 1/7 <3); Goldfields Dredging, 9d (2); Mahakipawa, 9d (6), 85 (2); Mining House Concessions (6d paid), 43d (2); Moonlight Nelson Creek, 8d (2), 75d, 6-’d; New Cornish Point (6d paid). 6d; Nokomai, 2/9 (3); Okarito, 8/6 (2); Skippers, Ltd., lid (2). Sales Reported.—National Bank of Australasia (£5 paid) cum. div., £6/10/(2); Kaiapoi Woollens (17/- paid), 10/-; New Zealand Breweries, 42/3; Mount Lyell. 22/- (2); Brian Boru, 1/75. Sales of Unlisted Stock.—Jones Nevis (9d paid), 9id; Industries, Ltd (12/6 paid), 1/5; Sun Newspapers, 3/8, 3/9. DUNEDIN, May 22. Sales on ’Change— Mahakipawa, 85d. Sales Reported.—National Bank of Australasia (cum), £6/10/-; Mount Lyell, £l/1/7; Moonlight Nelson Creek 7d (3); New Zealand Breweries (cum.), £2/2/5.

SYDNEY STOCK EXCHANGE

United Preti Association—B.v Electric Telegraph—Copyright (Received May 22. 8.10 p.m.) SYDNEY. May 22. On the Stock Exchange the firm tone was maintained to-day. Australian

Consols were strong and there was improved turnover in all departmen Sales:— Bank of Nett' South Wales, L Commercial Bank of Sydney. £] National Bank (£5 paid), £6/10, Bank of New Zealand, 50/6; Austral! Provincial Assurance. 10/6; Associat News, 24/9, pref.. 24/9; Burns Phi 54'-; Burns Philp, South Sea. 24 Berlei (paid). 30/-; British Tobaci 37/9, pref.. 30/-; Tooths (ex div.), 44 Australian Glass. 51/-; Dunlop Per riau. 18/65; Goldsbrough Mort., 32' Electrolytic Zinc (pref.), 33/9; Dav Jones Co-op.. 41/-; Anthony Hordei 15/6; Australian Iron and Steel (prei 22/6; Mt. Morgan, 23 -; Broken H Proprietary, 46 3; North Broken Hi 92/-; Kuala Kampar, 17/14; Bulolo D posits, 1/6; Katu Tin. 29/9; Placer D velopment, £25/5/-; ditto (New Zealai delivery), £25/5/-; Commonweal Bonds (all 47c), 1938. £lO7/8/9; IS£lO6/12 6; 1944, £lO7 13 9; 1950, £ll 1953, £IOBIO/-; 1955. £109; 19; £lO7/7/6; 1959. £108; 1961. £lO3 7 6. Melbourne Sales.—Commercial Bai of Australia (pref.), £9/16/-; Gold brough Mort., 32/6; British Tobacc 37/6; Electrolytic Zinc. 26/9; Gord< and Gotch. 41/-; Dunlop Perdrla 18 9; Herald and Weekly Times, 51/S

HIGH COMMISSIONER’S REPORT

The Department of Agriculture hi received the following message date May 18 from the High Commissioni for New Zealand. London:— Tallow Considerably more business on spo Fair business done for shipment Prices same as last quotations. Hemp. Manila: Market unchanged. Outpi Ist January to 14th May, 578,000 ball against 401,000 for the same period la year. Stocks in the United Kingdo: at 30th April, 21,682 bales again, 11,212 at same time last year. Stocl in Manila at 14th May. 151.000 ball against 141.000 at same time last yea Sisal: Market quiet but stead October-December shipment sold i £l7 2s 6d. New Zealand: Market quiet wit values nominally unchanged. No fir. hand sales reported. Stocks in Londc at 30th April. 21 tons against 104 toi at same time last year. Fruit. Middlesex and Sultan Star discharf ing fruit in good condition. Range i prices for Jonathan and Delicioi apples indicative of quantity of sma sizes. Current prices are:—Ballara 9 - to 11 -; Cleopatra, 8 '6 to 9/6; Cox Orange, 11/- to 15’-; Delicious, 7/- I 11/6; ; Dunn’s Favouirte. 8/- to 10/' Granny Smith, 12/- to 14/-; Jonatha: 7 6 to 11/-; London Pippin. 7/6 to 8/1 Lord Wolseiey, 7/6 to 9/-; Adams Pea: main, 7/6 to 8/3. Pears.—Winter Cole, 10/- to 14/1 Beurre Bose. 11/- to 13/6; Josephin 11/- to 15 -; Winter Nelis, 10/6 to 17/' Packham’s Triumph, 13/-; P. Barr 10/- to 13'-; Keiffer, 9 6 to 10/-; Ha: rington and Beurre DLel, 10/-; Gio Morceau, 9/- to 12/6; Vicar of Winl field. 8 - to 10/-; Twyford Monarch 10/6.

GOLD RESERVES

NATIONAL FIGURES. National gold reserves of the world as reported in the annual bullion letter of Samuel Montague and Co. London, amounted at the end of 193: to £2.461,488,461, an increase o £18,662,986 over the total for 1932. Th< following table shows how the princi pal holdings of gold compare wit! figures for 1916: 1916. 1933. £ £ U.S.A. .. 452,500,000 -824.662,001 France .. 203,037.000 620.707.001 British Empire 164.945.000 285,642,46 Spain .. 49.154.000 89,649,001 Russia . . 146.684,000 Soviet Russia Switzerland . 12,821,000 79,222,001 Belgium .. 10,400.000 78.100.001 Italy .. 43.036.000. 76.700,001 Holland .. 49.210,000 76,143.001 Argentina .. 51.600.000 48,977,001 Japan . . 23.300,300 43.534.001 serve banks. £734,228.000. Compared with 1932, the British Em pire increased its stocks by £79,910,98€ the United States showed a decreasi of £7,538,000. France had a declim of £47.649,000. Switzerland went dor:: by £18,744.000, and Holland by £9,146, 000, while Russia improved to the ex tent of £6.912.000 and Italy b; £13.543.000. Of the total for th British Empire. £190.725,833 is held b; the Bank of England agranst notes £13,007,000 bv the Commonwealth Ban] of Australia against notes, and th balance by the rest of the dominion* The United Stat :s and France hol< between them £1.445,369.000 of th total of £2.461.488.461. These huge ac cumulations have not relieved thos' countries from the throes of financia stress. Writing in the “Bankers Magazine,” Mr Benjamin White say that it is amazing to reflect that though the British pound sterling con sists of only 20/-, as against 30/- no\ commanded by the contents of a gc’< sovereign owing to the rise in th sterling value of that metal, the wcekl; budget of the British housewife ha not increased to anything like that ex tent. On the other hand, her thrift; sister in France —where the visibl stock of gold is the second largest ii the world, has to pay much highe prices for her goods.

Other Debs.— Sluggish River, 55 p.c., 1/7/44 . . Tolaga Bay, 6 p.c.. 99 0 0 102 0 0 10/3/44 .. . . . Booth, Macdonald, — 102 0 0 6i p.c., 1937 . . 66 0 0 76 0 0 Glaxo, 65 p.c., 1945 N.Z. Refrigerating. 95 0 0 — 65 p.c., 1935 . . N.Z. Refrigerating, 100 0 0 — 65 p.c., 1934 . . N.Z. Refrigerating, 100 5 0 101 0 0 5i p.c., 1935 . . 100 0 0 — Westport-Stockton Coal, 65 p.c., 1938 Gisborne Sheep95 0 0 - farmers, 65 p.c., 1941 91 0 0 — Banks— Comm, of Aust. . . Comm. of Aust. 0 16 8 0 16 9 (pref.) .... 9 14 0 9 19 0 Comm, of Sydney 16 17 6 17 0 0 E. S. and A. . . . National of A'asia 5 6 6 5 8 6 (£10 paid cum. div.) 13 1 0 13 6 0 National of A’asia (£5 paid, cum. div.) 6 9 6 6 10 0 National of N.Z. . New South Wales 4 1 0 4 1 6 (cum div.) . . . 32 0 0 32 5 0 New Zealand (cum. div.) 2 10 0 2 10 9 New Zealand <“D” Mort. shares, c. div.) 1 11 9 1 14 10 Union of Aust. . . 9 19 0 10 1 0 Insurance— National 1 0 6 1 0 9 New Zealand . . . 3 1 0 — Standard 3 3 0 — Loan and Agency Dalgety and Co. . 10 0 0 10 5 0 Goldsbrough Mort, National Mortgage 1 12 0 1 12 5 “A” — 3 2 6 N.Z. Guarantee Corporation . . 0 4 2 0 4 4 New Zealand Loan and Mercantile (ord. stock) . . 54 0 0 United Building Society .... Wright Stephenson 1 0 3 - and Co. (pref.) 1 1 0 1 4 0 Shipping— Huddart Parker 1 12 7 1 14 3 Frozen Meat — Canterbury (ord.) 9 10 0 Gear N.Z. Refrigerating 1 7 6 1 8 6 (£1 paid) . . . 0 18 2 0 19 0 N.Z. Refrigerating (10/- paid) . . 0 8 7 0 8 8 North Canterbury Freezing .... 0 12 0 — Wellington .... 0 5 6 — Woollens— Kaiapoi (17/- pd.) 0 9 7 0 10 1 Kaiapoi (pref.) . . — 0 18 3 Mosgiel 9 10 0 Coal— Grey Valley . . . 0 10 6 Pukemiro — 1 6 9 Stockton (ord.i . . 0 2 3 0 2 7 Stockton (pref.) . 0 3 0 0 3 3 Gas— Christchurch . . . Christchurch (10/1 13 6 1 13 9 paid) 0 16 6 0 17 6 Auckland 1 6 0 1 8 6 Breweries — New Zealand . . . 2 2 3 2 2 4 Staples 1 7 6 1 8 0 Timaru 0 8 3 0 9 0 Timaru (7/6 paid) 0 6 2 0 6 4 Tooths (cum. div.) 2 4 11 2 5 9 Miscellaneous — Associated Newspapers 1 3 6 — Allied Motors . . . Amalgamated Wire0 2 3 2 3 2 less (contr) . . 1 5 0 1 12 6 Anthony Hordern . Australasian Paper 0 15 3 0 16 0 and Pulp . . . Australian Glass 1 15 0 1 15 6 (cum. div.) . . 2 9 6 2 11 0 Beath and Co. . . Beath and Co. 1 12 3 1 12 11 (1/- paid) . . . 0 8 1 0 8 4 British Tobacco British Tobacco 1 17 1 1 18 0 (pref.) 1 5 0 — Burns Philp . . . 2 14 0 2 17 0 Colonial Sugar . . 64 15 0 65 10 0 D.I.C. (10/- paid) Dominion Builders 0 14 0 Supplies .... 0 4 6 0 4 9 Dominion Fertiliser . . . 0 17 7 0 18 0 Dunlop Rubber . . Electrolytic Zinc 0 18 7 0 18 8 (ord.) — 1 7 0 Electrolytic Zinc (pref.) 1 13 8 1 13 9 General Motors — Holden's (pref.) Greater Crystal 1 2 0 - Palace (ex. div.) Henry Jones Co1 1 0 op. (cum. div.) . 1 11 9 1 12 9 Howard Smith . . 0 14 6 — Kauri Timber . . . 0 16 0 0 17 0 Mason Struthers . 0 14 0 1 0 0 Moturoa Oil . . . 0 1 6 0 4 0 N.Z. Drug Co. . . 3 15 6 3 17 6 N.Z. Malay Rubber 0 6 0 — Evans Atlas Flour N.Z. Farmers’ 2 0 0 — Co-op. (“A” pref.) 0 10 0 _ N.Z. Par m ers Co-op. (1st pref.) 1 15 0 _ N.Z Farmers’ Co-op. 45 p.c. Stock. 1940 . . . 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. Farmers' Co-op. (45 p.c. Stock, 1944) . . _ 81 10 0 N.Z. F a r m e r s’ Fertiliser .... 0 17 9 0 19 3 N.Z. Newspapers N.Z. Paper Mills 1 10 0 1 9 3 (ex. div.) .... 1 10 6 — North Canterbury Co-op. Flour 0 14 6 — Northern Roller Milling 1 10 6 — Rural Bonds . . . 102 0 0 — D.I.C. (pref.) . . . Victoria Nyanza 1 2 0 1 4 6 Sugar .... 0 2 6 Woolworths (N.Z.) pref 1 18 6 2 2 6 Willcox Mofflin — 0 13 3

Mining:— Addison's Flat ... 0 16 0 0 3 0 Alexander (13s 6d paid) . . . 0 14 2 0 14 Aotearoa . j) 0 4 o Bell Hill .... Bell Hooper (1/0 1 0 0 6 paid) 0 0 6 0 0 Bell Kilgour . . . 0 0 3 0 0 45 Big River Brian Boru (1/- — 0 0 10 paid) 0 1 7 0 1 9 Deep Lead (1/- pd) Central Shotover 0 1 8 0 2 1 (9d paid) . . . 0 0 9 Consolidated Freshford (in liq0 16 0 0 18 0 uidation) . . . 0 0 05 Gillespie’s Beach . 0 1 95 0 1 10 Glenroy (9d paid) 0 0 71 0 0 9 Golconda (9d pd.) 0 0 1 Golden Dawn . 0 1 6 0 2 Golden Point . . Goldfields Dredg0 0 22 0 0 31 ing 0 0 9 0 0 95 Golden Sands . . Hatter’s Flat (1/0 2 8 0 3 0 paid) — 0 0 8 King Solomon . . 0 3 10 0 4 3 Kuala Kampar 0 16 9 0 17 3 Lawson's Flat . . 0 ft 45 0 0 6 Maerewhenua . . 0 0 9 0 0 95 Mahakipawa 0 0 9 0 0 95 Do. (pref.) .... 0 1 15 0 1 55 Mataki Mining House Con- — 0 2 cessions (6d paid) 0 0 45 0 0 4i Mount Lyell . . . 1 1 11 1 2 2 Mount Morgan . . Moonlight Nelson 1 2 3 1 3 3 Creek .... 0 0 75 0 0 9 Nevis Diesel Electric New Cornish Point 0 0 41 0 0 5 (1/- paid) . . . — 0 12 0 New Cornish Point (6d paid) . . . 0 0 53 0 0 65 Nokomai 0 2 85 0 2 91 Okarito . \ . . . Oxenbridge Shot0 8 55 0 8 65 over (1/- paid) 0 0 11 0 1 1 Rawang Tin . . . Upper Shotover 0 8 10 0 9 0 (9d paid) . . . — 0 1 4 W a i h i Grand Junction (cum div.) 0 4 9 0 4 105 Waitahu .... Skippers Ltd. (1/0 3 9 0 4 8 paid) 0 0 11 0 0 115 Ulu Yan 0 12 0 —

£ s. d. £ s. d. Anderson Ltd. (1st pref.) 0 10 0 0 17 9 Auckland Farmers’ Freezing (£1 paid) 0 17 0 — Do. (£5 paid) . . 4 0 0 — Ben Ledi (6d pd.) 0 0 4 0 0 6i Claude Neon Lights ...... 2 4 6 — Canterbury Roller Flour — 0 14 0 Dominion Life — 0 2 3 Jones Nevis (9d paid) 0 0 9 0 0 9i Golconda Holding (1/- paid) . . . 0 1 3 0 1 51 Industries, Ltd. (12/6 paid) . . 0 i 6 — Mossy Creek (1/paid) .... 0 1 — Long Trail .... — 0 1 6 Mining Research (1/- paid) . . ,0 0 9 — Do. (pref.) .... — 2 1 0 N.Z. Mining Investment . . . 0 0 7 — N.Z. Woolpacks 0 11 6 — Para Rubber . . — 0 16 0 Procera Bread . . 0 12 0 0 14 6 E. Reece, Ltd. . . 0 1 0 — Oswald Smith . . 0 1 0 0 5 0 Smith Wylie . . . — 0 12 3 Snowy River . . . 0 0 1 — Stacey and Hawker (pref.) .... 0 16 0 1 0 0 Sun Newspapers (10/- paid) . . 0 3 8 0 3 9 Warners, Ltd. . . . — 7 10 0 Woolworths (Victoria). pref. . . 1 6 0 1 7 0 Woolworths (Sydney) ord. . . . 5 10 0 5 12 6 Woksop Extended. 0 1 7 0 1 81Sales. —1000 Jones Nevis <9d paid), 9id; 250 Industries. 1/6. Ltd. (12/6 paid),