COMMERCIAL

Timaru Herald, Volume CXXXVIII, Issue 19959, 17 November 1934, Page 21

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to “ The Timaru Herald ” CHRISTCHURCH, November 16. The following quotations were ruling when the Stock Exchange closed for

YESTERDAY’S SALES By Telegraph Press Association AUCKLAND, November 16. Sales on ’Change: Stock, 1939-43. 41 per cent., £108; 1940, 4 per cent. £lO3 5/-; Puturaru Town Board, 1940, 51 per cent. £9B. Gisborne Sheepfarmers, 1941, 61 per cent., £101; Bank of New Zealand, 49/9; Reserve Bank, £6/12/3, £6 12/6; New Zealand Insurance, 7/-; Auckland Gas, 27/10 (2); P. and O. (deferred stock), 21/3; Westport Coal, 19 7; Australian Glass. 60/-; British Tobacco, 41/6; Colonial Sugar, £74/7/6; New Zealand Newspapers, 3/6; Bell Hooper, 5d (3); Goldconda, sd; Goldfields Dredging, 103 d; Okarito, 89; Waihi, 38/3; Rawang Tin, 7/6. Unofficial list.—Auckland Farmers Freezing (£5 paid), £5; £1 paid, 20/-; Woolworths (Sydney), 75 -. WELLINGTON, November 16. Sales on ’Change: National Bank of New Zealand, 72/6; Reserve Bank, £6 12/3; Kaiapoi Woollen, 16/-; Bruce Woollen, 13/3; Kauri Timber, 18/101, 19/-; Brian Boru, lOid; Nevis Diesel, 41d. Unofficial.— Woolworths (West Aust.), £5/3/-. CHRISTCHURCH, November 16. Sales on ’Change: Commercial Bank of Australia, 15/8; National Bank of Australasia (£5 paid cum div.), £6/4/6; New Zealand Refrigerating (10/- paid). 10/1; Westport Coal (cum div), 19/9 (3), 19/10; Timaru Brewery (7/6 paid). 7/9 (5), 7/11; Australian Glass (cum div.), 56/-, 55/6; British Tobacco, 41/3 (3), 41/4 (3); Electro Zinc (pref.), 34/9 (2); Electro Zinc (ord.), 24/4; New Zealand Farmers Co-op. (41 per cent. Stock 1940), £B7; Woolworths (N.Z.) pref., 40'6; Bell-Hooper, 4id; Brian Boru, 9id; Gillespie’s Beach, 1/8; Golden Sands, 2/81; Goldfields Dredging, lOld; Maerewhenua, 41d; Mahakipawa, 9id; Mount Lyell. 17/6 (5); Nokomai, 3/4; Waihi Grand Junction, 4/7; Worksop Extended, 3/3 (3). Sales reported: British Tobacco, 41/5 (2), 4/6; Nevis Diesel Electric, 4id; Rawang Tin, 7/5. Unlisted stocks: Argo Gold (7id paid), 1/1 (3). DUNEDIN, November 16. Sales on ’Change: Mining House Concessions, 2d; Charleston, 6d (2), 7d. Sales reported: MUburn Lime, £2 2/6; Bank of New Zealand, £2/9/7; New Zealand Refrigerating (cont.;, 10/-, 10/1; Kaiapoi Woollen (ord.), 16/-; Mosgiel Woollen, £ll ex div.; Golden Sands, 2/8; Nevis Diesel, 41d. SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright (Received November 16, 9. 25 p.m.) SYDNEY, November 16. On the Stock Exchange in a strong market for investments to-day the main feature was the sharp advance of 4/to 61/6 of Australian Glass shares. The buying inquiry was evidently based on expectations of future benefits. Shares in two Sydney controlled banks made gains. Commonwealth Bonds were steady. Sales:— Bank of New South Wales, £33; Commercial Bank of Sydney, £l7/18/-; Commercial Bank of Australia, 16/-; National Bank (£lO paid), £l2/14/-; Burns Phillip (ex div.), 58/6; Associated News, 25/7-1; Australian Gas A, £B/2/6; British Tobacco. 41/9; Tooths, 51/-; Tooheys, 28'9; Carlton Brewery, 52/-; Australian Glass, 61/6; Dunlop Ferdriau, 20/-; Goldsbrough Mort., 31/-; Winchcombe and Carson, 29/-; Electrolytic Zinc, 25/-; Farmers, 26/-; Hume Pipe, 24/3; Drug Houses of Australia, 24/6; Australian Iron and Steel (pref.), 23/9; General Industries (pref.), 26/-; Broken Hill Proprietary, 51/3. Melbourne Sales. —British Tobacco, 41/41; Herald and Weekly Times, 50/6; Australian Glass, 60/6. DAIRY PRODUCE Dalgety and Company, Ltd., have received the following advice from their London office: — Butter.—Market weaker. Danish 120/-. New Zealand 74/- to 76/-. Australian unsalted 74/- to 76/-, salted 74/- to 76/-. Australian g.a.q. 72/- to 73/-. Cheese.—Market weaker. Australian not quoted. New Zealand white 52/-, New Zealand coloured 51/-. Canadian white and coloured 50/- to 53/-. PRODUCE MARKETS CHRISTCHURCH f Bv Telegraph—Press Association CHRISTCHURCH, November 16. The only development of interest m the grain and produce market is a shipment from Bluff by S.S. Norfolk next week of 15.000 sacks of oats to the United Kingdom. This is the first shipment for some time, but it is understood that the price is substantially lower than that secured when export was in progress some months ago. The figure is stated to be aboV. 2/4 f.o.b. s.i. The shipment, however, will be of value in helping to clear stocks. It comprised A Gartons. Fowl wheat is a shade firmer, the quotation being 3/82; f.o.b. s.i. Small consignments of potatoes are going north for byports. Quotations are nominal and range about 50/- f.o.b. s.i. The grass seed market is dull and merchants have to lower prices to

make sales. It is yet too early to estimate prospects of the new crop of seeds, but except in the case of ryegrass they will arrive in a bare market. Ryegrass is quoted at 3/- a bushel on trucks and cocksfoot at 7d per lb. DUNEDIN By Telegraph —Press Association DUNEDIN, November 16. The interest in the wheat market is now generally directed to prospects for coming season’s harvest. There is a better tone in the t- wheat market but no quotable change in prices. Prices range from 3/9 to 4/- a bushel ex store sacks extra according to quality. The oat market continues very weak and there is a tendency for prices to ease. Quotations are 2/6 f.o.b. s.i. for A Gartons and 2/3 for B’s. Values to farmers are 1/9 to 1/6 respectively on trucks country sidings sacks extra. The chaff market is unchanged. The demand is confined to small lots. For truck loads the quotation is £3/15/- a ton sacks extra and for small lots ex the store £4/5/- sacks extra. The prices for potatoes have advanced to £3/10/- and £4 a ton ex store. There is nothing fresh to report :n the seed markets. Business is quiet and merchants are marking time. Prices for most varieties continue firm. MINING NEWS By Telegraph—Press Association DUNEDIN, November 16. The secretary of the Goldfields Dredging Company, Ltd., reports that the return for the week was 30oz 3dwt for 111 hours’ dredging. The Bell-Kilgour return for the week was soz. *

the day:— Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.32 p.c. Inscr., 1941 — 106 0 0 4 p.e. Inscr., 1940 — 104 5 0 4 p.c. Inscr., 1946 107 10 0 108 10 0 4 p.c. Inscr., 1949 — 109 5 0 4 p.c. Inscr., 1955 — 113 7 6 4 p.c. Bonds, 1955 113 5 0 — Rural Bonds . . . 103 10 0 — Banks— Adelaide — 6 0 0 Comm, of Aust. . 0 15 6 0 15 9 Comm, of Aust. (pref.) .... 9 16 0 10 0 0 Comm, of Sydney — 17 13 6 E., S. and A. . . . 5 2 0 — National of A’asia. (£10 paid, c. div) — 13 0 0 National of A’asia. (£5 paid, c div.) 6 3 0 6 6 0 National of N.Z. . 3 12 0 3 14 0 New South Wales 31 15 0 32 5 0 New Zealand (c. div.) 2 9 0 2 9 9 New Zealand (“D” Mort. shares., c. div.) — 1 14 0 Reserve 6 11 6 6 12 0 Union of Aust. . . 8 19 0 9 1 6 . nsurance— 0 10 4 — National (c. div.) 1 i 7 1 2 3 Mercantile Mutual 1 4 9 — Standard .... 3 10 6 3 17 6 Lorn and Agency— Dalgety and Co. (c. div.) 9 1 0 9 4 0 Goldsbrough Mort. 1 10 10 1 11 3 Mutual Benefit 11 10 0 — Invincible Building Society .... 4 18 0 — N.Z. Guarantee Corporation . . 0 5 5 0 5 7 N.Z. Loan & Merc. (ord. stock) . . 46 0 0 56 0 0 United Building Society .... 1 0 9 — Frozen Meat— Canterbury .... — 11 0 0 Do. (pref.) .... 5 18 6 — N.Z. Refrigerating (£1 paid) . . . 1 0 4 1 0 6 N.Z. Refrigerating (10/- paid) . . 0 10 0 0 10 2 Woollens— Kaiapoi (17/- pd.) 0 15 7 0 16 6 Kaiapoi (7/ - pd.) 0 5 3 0 6 0 Mosgiel 10 19 0 11 5 0 Coal— Westport (c. div.) 0 19 & 0 19 10 Stockton (ord.) . — 0 3 0 Stockton ( pref.) . — 0 4 11 Gas— Christchurch (10/paid) ..... 0 16 2 0 16 5 Auckland .... 1 7 3 1 7 8 Timaru 1 2 0 Breweries — New Zealand . . . 2 9 5 2 9 8 Staples 1 10 3 1 11 0 Swan 5 10 0 6 5 0 Timaru (7/6 paid) 0 7 1 0 8 2 Tooths 2 10 3 2 11 0 Miscellaneous— Amalg. Wireless contr.) .... 1 14 6 1 18 6 Anthony Hordern 0 16 11 0 17 3 Australian Glass (cum div.) . . 2 18 6 3 0 0 Aust. Iron & Steel (pref.) .... 1 3 0 1 3 8 Beath and Co. (1/- paid) . . . — 0 10 0 British Tobacco . 2 1 3 2 1 4 Burns Philps (ex div.) 2 17 0 — Claude Neon (Sydney) — 2 12 0 Colonial Sugar 74 5 0 75 2 0 Consolidated Brick — 0 10 9 D.I.C. (pref.) . . . — 1 7 0 Dom. Fertiliser . . 1 0 6 1 1 0 Dunlop Perdriau Rubber 0 19 11 1 0 0 Do. (pref.) .... 1 17 3 1 17 9 Electrolytic Zinc (ord.) 1 4 2 i 4 4 Electrolytic Zinc (pref.) 1 14 9 1 15 0 Holden’s Airways . 1 7 0 1 15 0 Henry Jones Co-op. (c. div.) 1 14 10 1 17 0 Howard Simth . . 0 16 9 0 17 0 Kauri Timber (c. div.) 0 17 2 0 19 0 Mason, Struthers (£1 paid) . . . 0 12 9 0 15 6 Mason, Struthers (10/- paid) . . 0 5 6 0 8 0 New Colosseum . . 1 7 0 1 10 0 N.Z. Parmer s’ Co-op. (1st pf.) 2 5 0 2 12 C N.Z. Farmer s' Co-op (“A” pf) 0 17 6 — N.Z. P a r m e r s’ Co-op. (“B” pf) 0 14 0 1 5 0 N.Z. P a r m e r s' Co-op. (44 p.c. Stock, 1940) . . 87 0 0 88 0 0 N.Z. P a r m e r s’ Co-op. (44 p.c. Stock, 1939) . . 86 0 0 88 0 0 N.Z. F a r m e r s’ Co-op. <44 p.c. Stock, 1945) . . 86 15 0 88 0 0 N.Z. Newspapers . 1 13 0 — Northern Roller Milling .... 1 8 0 1 13 0 Quill Morris (in liquidation) . . 0 3 1 0 3 2 Whitcombe and Tombs .... 4 0 0 — Woolworths (N.Z.) (ord.) .... 8 0 0 — Woolworths (N.Z.) (pref.) . . . . 2 0 3 2 0 9 Mining— Alexander .... — 0 18 2 Do. (15/- paid) 0 14 9 0 16 3 Aotearoa .... — 0 1 6 Bell Hill — 0 2 6 Bell Hooper . , . 0 0 4 0 0 42 Bell Kilgour . . . — 0 0 2d Bendigo Goldlights 0 0 10 0 1 0 Big River .... 0 1 5 0 1 6 Brian Boru . . . 0 0 9 0 0 7.1 Charleston . . . 0 0 2 0 0 9 Deep Lead .... 0 1 11 0 2 0 Gillespie’s Beach . 0 1 7i 0 1 3 Glenroy 0 0 10 0 1 0 Golconda (11 pd.) — 0 0 10 Golden Dawn . . 0 2 0 0 2 3 Golden Point . . 0 0 1 0 0 2 Golden Sands . . 0 2 8 0 3 0 Goldfields Dredging 0 0 10 0 0 11 Hatter’s Flat . . — 0 0 5 Kildare . .' . . . 0 2 2 0 2 3d King Solomon . . 0 3 1 0 3 7 Kuala Kampar . . — 0 14 3 Lawson’s Flat . . 0 0 2 0 0 3 Maerewhenua . . . 0 0 4 0 0 4j Mahakipawa . . . 0 0 9k 0 0 10 Mahakipawa (pf.) 1930 issue . . . 0 1 0 0 1 21 Mining House Concessions .... 0 0 2 0 0 21 Moonlight Nelson Creek 0 0 2 0 0 2:1 Mossy Creek . . . 0 1 9 0 2 04 Mount Lyell . . . 0 17 5 0 17 6 Nevis Diesel Electric .... 0 0 4 0 0 4d New Cornish Point (9d paid) . . . — 0 0 5 Nokomai 0 3 4 0 o 8 Okarito 0 8 9 0 9 0

Rawang Tin . . . 0 7 3 0 7 6 Sandhills Gold . . — 0 1 0 Skippers 0 0 65 0 0 75 Stafford Sluicing- . Upper Shotover 0 1 2 (9d paid) . . . — 0 1 0 Waihi W a i h i Grand 1 18 0 — Junction .... 0 4 6 0 4 8 Waitahu — 0 4 0 Worksop Extended 0 3 3 0 3 4 Unlisted Stocks All transactions in stock 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. £ s. d. £ s. d. Andersons Ltd. (pref.) — 0 17 3 Associated Motorists Petrol (pf.) 0 17 6 1 2 0 Argo Gold < 7id pd) 0 1 0 0 1 1 Ben Ledi (1/- pd) Dominion Life <pf.. 0 1 0 0 1 2 10/- paid) . . . 0 4 6 — Jones Nevis . . . Maori Gully (1/- — 0 1 0 paid) 0 1 55 0 1 6 N.Z. Mining Investment .... 0 1 0 0 1 25 Para Rubber (15 - paid) Paparoa Coal (cum 0 16 6 div.) — 0 15 0 Procera Bread (10s paid) Regent Pictures 0 13 0 0 15 0 (Ch-Ch.) . . . — 0 8 0 Snowy River . . . VVere’s Investment 0 0 05 0 0 15 Trust 0 4 9 0 4 11 Woolworths (Syd.) (ord.) 3 14 9 3 15 0