COMMERCIAL

Timaru Herald, Volume CXXXVIII, Issue 19986, 19 December 1934, Page 16

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Timaru Herald " CHRISTCHURCH, December 18. The following quotations were ruling when the Stock Exchange closed for the day:—

Unlisted Stocks. All transactions in stocks quoted in this section are subject to a different rate of brokerage fro. ’. Listed Stocks, and are not quoted on the Official List.

YESTERDAY’S SALES By Telegraph—Press Association AUCKLAND, December 18. Sales on ’Change.—Rural Bonds, 1947, 5 per cent., £lO3/10/-; Mt Roskill Road Board, 1960, 53 per cent., £107; Commercial Bank of Australia, 16/2; Bank of New South Wales, £3l/15/- (2); Bank of New Zealand, 48/11; South British Insurance, 96/6; Taupiri Coal, 17/6 (3); Northern Steam (11/- paid), 6/10; Dominion Breweries, 11/4; British Tobacco, 40/10; Farmers’ Trading, 7/-; Northern Roller Mills, 33/-; Skippers, 7!d; Waihi Junction. 4/10; Mt. Morgan. 36/-. Unofficial List.—Woolworths (Syd.i, 81/41. WELLINGTON, December 18. Sales on ’Change.—Stock, 4 per cent. 1940, £lO3/5/-; Bank of Australasia, £ll/10/-; Rotoiti Timber, 4/6; Dunlop Perdriau, 19/10; Skippers, 8d; Waihi Junction, 4/9. CHRISTCHURCH. December 18. Sales on 'Change—Christchurch Drainage Board. 41 per cent., 30/6/42, £106; New Zealand Refrigerating (£1 ivid), 20/7; Westport-Stockton Coal (pref.), 4/-; New Zealand Breweries, 50/9 (4), 51/-; Big River, 1/11 (3), 1/10; Gillespie’s Beach, 1/51; Hatter’s Flat, 3d; Mount Lyell, 17/10; Skippers, 71d (3); Waihi, 37/8. DUNEDIN, December 18. Sale on ’Change.—Golden Point, Id. Sales Reported.—Reserve Bank, £6/10/9, ex div.; D.I.C. (pref.), £l/6/6; New Zealand Breweries, £2/11/-. CHICAGO WHEAT QUOTATIONS United Press Association—By Electric Telegraph—Copyright (Received December 18, 5.5. p.m.) NEW YORK, December 17. Chicago wheat quotations: December 98 7-8 cents, May 99 1-8, July 93 1-8. New York cash 107 5-8 cents.

HIGH COMMISSIONERS REPORT The Department of Agriculture has j received the following message, dated December 16, from the High Commis- ; sioner for New Zealand, London:— Tallow. | Market quiet but steady at about last quotations. Hemp. | Manila—Market quiet and unchang- | ed. Output January Ito December 10, | 1,360,000 bales against 1.141.000 bales | for the same period last year. Stocks I in hand in the United Kingdom at December 1, 27,276 bales against 9445 | last year. Stocks in Manila at Dej cember 10, 155,000 bales against 143.000 I for last year. Sisal—Market quiet but steady with values unchanged. New Zealand—Market nominal. On the basis of fair grade January-Feb-ruary shipment £l4/5/-. Stocks in t London at December 1, 6 tons against | 49 tons for last year. Eggs. Market weak and irregular; prices declining. English. National Pack. 16 6 to 20/-, Ordinary Pack, 17/- to 18 Danish. 12/- to 18/-; Australian, 11 3 to 13/-; New Zealand, Tamaroa shipment now on the market. 11/3 to 13/3. SHEEPSKIN SALE The New Zealand Loan and Mercantile Agency Company, Ltd., have received the following quotations from their London House regarding the rej cent sheepskin sales:— Position of market as compared with preceding auction: Prices are higher 5 per cent, to 71 per cent, for pombing crossbred, and about 5 per cent, for clothing merino and crossbred. Demand keen, catalogues well cleared. 56/58’s full-wooled sound pelts, 81d; j 56/58’s 3-woolled sound pelts, 73d; 56/58’s i-woolled sound pelts, 6Jd; 48/50’s full-woolled sound pelts'. 63d; 48 50's 3-woolled sound pelts 6d; 48/50's i-woolled sound pelts. sid; 44 46's fullwoolled sound pelts. 6d; 44'46's i-wool-led sound pelts, old; 44 46's i-woolled j sound pelts, sid; 40's full-woolled | sound pelts, sd; 40’s 3-woolled sound I pelts. 43d; 40’s 1-woolled sound pelts, j sd; short and shorn crossbred. 23d. MINING NEWS By Telegraph—Press Association AUCKLAND. December 18. The Mataki return for the week was i 19oz for 133 hours’ work. LONDON WHEAT MARKET United Press Association—Bv Electric Telegraph —Copvrlgnt (Received December 18, 5.5 p.m.> LONDON. December 17. Wheat cargoes are easier. Parcels are steady. London Futures—February. 20/5 per quarter; April 20/11; June 21/3. Liverpool Futures.—December. 4/9 per cental; March, 5/01; May, 5/3 3-3; July, 5/4 1-8. DIVIDEND DECLARED By Telegraph—Press Association WELLINGTON. December 18. The Wellington Queen's Theatre Company has advised the Stock Exchange Association that the directors have decided to pay a dividend at the rate of 6 per cent, per annum for the year ended October 31. The dividend will be paid out on Friday. SHARES. Shares—New Guinea Gold. 4/105. CURRENCY QUOTATIONS United Press Association—By Electric Telegraph—Copyrlgnt LONDON, December 17. The dollar is auoted at 4.94 9-16 to the pound. The current quotation of the franc is 75 11-16 to the pound. PRICE OF GOLD United Press Association—By Electric Telegraph—Copyright LONDON, December 17. The current price of gold is 140, 7 an ounce.

Buyers. Sellers. £ s. d. £ s. d. N.'S. Govt. Debs. 4 p.c. Inscr., 19371940 103 0 0 103 10 0 4 p.c. Inscr., 19521955 107 0 0 110 10 0 4 p.c. Bonds, 1937 40 103 0 0 — Other Debentures Ashburton Electric, 41 p.c., 1/2/51 . — 105 10 0 Malvern Electric, 41 p.c., 31/5/49 — 105 10 0 Banks — Adelaide — 6 0 0 Australasia .... 11 0 0 — Comm, of Aust. . 0 16 1 0 16 3 Comm, of Sydney — 17 10 0 Natl. of A/asia (£10 paid) . . . 12 9 6 12 15 0 New South Wales 30 10 0 31 5 0 New Zealand . . . 2 8 9 2 9 2 Reserve 6 10 6 6 11 0 Union of Aust. . 8 17 6 8 19 0 Insurance— A.P.A. (c. div.) 0 10 10 National 1 1 2 1 1 8 New Zealand . . . 3 7 0 — Loan & Agency — Mutual Benefit . . 14 0 0 — National Mortgage “A" 2 7 6 3 0 0 National Mortgage “B” i 10 0 — United Building Society .... 1 0 9 1 1 0 Frozen Meat — N.Z. Refrigerating (£1 paid) . . . 1 0 5 1 0 7 N.Z. Refrigerating (10/- paid) . . 0 10 0 0 10 1 Woollens — Bruce 0 12 0 0 14 3 Kaiapoi (17/- pd.) 0 15 3 0 15 7 Kaiapoi (7/- pd.) 0 4 10 — Kaiapoi (pref.) . . 1 0 0

Coal— Westport 1 1 1 1 5 0 Gas— Christchurch . . . 1 15 0 1 15 3 Gisborne — 0 14 6 Timaru — 1 3 0 Breweries— New Zealand . . . 2 11 0 2 11 3 Staples 1 12 3 — Sunshine (contr.) 0 2 3 — Timaru — 0 12 0 Timaru (7/6 paid) 0 7 10 0 7 11 Tooths 2 10 1 2 10 4 miscellaneous— Amalg. Wireless (contr.) . . . . 2 0 0 — Anthony Hordern 0 18 0 1 0 0 Aust. Distillery . . — 1 4 0 Australian Glass . 2 19 6 3 2 9 Beath and Co. . . 1 12 0 — Beath and Co. (1/- paid) . . . — 0 9 i° Aust. Iron & Steel (pref.) 1 2 3 1 3 0 British Tobacco (cum div.) . . . 2 0 6 2 1 i Broken Hill Proprietary . . 2 12 5 2 13 9 Claude Neon (Syd) 2 12 0 — Colonial Sugar . . 42 10 0 43 0 0 D.I.C. (pref.) . . i 5 0 1 6 9 Dom. Fertiliser — 1 1 2 Dunlop Perdriau Rubber 0 19 3 0 19 11 Electrolytic Zinc (ord.) 1 2 6 i 2 9 Electrolytic Zinc (pref.) — 1 14 « Evans Atlas Flour — 2 i 0 ! Hays Ltd. (15/paid) — 0 17 3 Hume Pipe (Aust) 0 15 9 0 18 0 National Electric . 0 3 9 New Colosseum 1 7 0 1 10 0 New Zealand Drug Co 3 18 6 — N.Z. F r m e r s’ Co-op. (“B" pf.) — 1 2 G N.Z. Farmers’ Co-op. (4i p.c., Stock. 1940) . . — 86 0 0 N.Z. Farmers’ Co-op. <4£ p.c. Stock. 1945) . . — 85 15 0 N.Z. Farmers' Fertiliser . . . 0 18 6 N.Z. Malay Rubber <ord.) — 0 12 6 N.Z. Newspapers . — 1 14 0 yuill Morris (in liquidation) . . 0 3 8 0 4 0 Sun Newspapers . 0 2 9 0 3 0 Whitcombe and Tombs 4 0 0 Woolworths (Vic.) pref — 1 10 0 Mining:— Alexander — 0 18 G Bell Hill .... — 0 2 0 Bell Hooper .... 0 0 21 0 0 3Bell Kilgour .... 0 0 1 0 0 2 Bendigo Goldlights 0 0 9 0 1 3 Big River .... 0 1 6 0 1 H Brian Boru . . . 0 0 71 0 0 9* Deep Lead . . . 0 1 6 — Gillespie’s Beach . 0 1 5 h 0 1 6 Golden Dawn . . — 0 3 0 Golden Point . . . 0 0 1 0 0 n Goldfields Dredging 0 0 8 0 0 Qh Hatter’s Flat . . 0 0 2 0 0 6 Kildare 0 2 8 0 3 0 King Solomon . . 0 3 6 0 3 9 ! Lawson’s Flat . . 0 0 1 0 0 3 Maerewhenua . . . — 0 0 4 Mahakipawa . . . 0 0 71 0 0 Mahakipawa (pf.) 1929 issue . . . 0 0 101 — Mahakipawa (pf.) 1930 issue . . . 0 1 0 — Mining House Concessions . . 0 0 3i 0 0 5 Mossy Creek . . . 0 1 8 — Mount Lyell . . . 0 17 9 0 18 0 Mount Morgan . . 1 15 3 — Nevis Diesel Electric .... — 0 0 4 Nokomai ..... — 0 3 6 Okarito 0 7 9 0 8 5 Skippers 0 0 7 0 0 11 ■ Upper Shotover (lOd paid) . . . — 0 0 10 Waihi 1 17 4 1 17 9 W a i h i Grand Junction . . . 0 4 8 0 5 0 Waitahu .... 0 2 3 — Wetheistons . . . — 0 2 0 Worksop Extended (cum div.) . . . 0 2 ii 0 3 0

Buyers. Sellers. £ s. d. £ s. d Anderson's Ltd. (pref.) .... 0 16 0 — Associated Motorists Petrol (pf.) Argo Gold (9d 1 2 0 paid) 0 1 0 0 1 1 Ben Ledi .... Carbonic Ice (15/0 0 10 0 1 0 paid) .... — 0 16 0 Macetown .... 0 1 0 — Mining Research . — 0 1 0 New River (4*d pd) Maori Gully (1/0 0 5 paid) .... N.Z. Mining Invest0 1 31 0 1 5i ment — 0 1 0 N.Z. Perpetual Forests .... — 2 1 0 Regent Theatre Building .... 0 5 1 0 8 0 Smith Wylie . . . South Seas Fish0 10 3 ing 0 9 0 — Warners Ltd. . . . Were’s Investment 2 10 0 7 10 0 Trust — 0 5 0 Woolworths (Sydney) ord 4 1 0 4 1 9