COMMERCIAL

Timaru Herald, Volume CXXXIX, Issue 20096, 1 May 1935, Page 14

COMMERCIAL

TEMUKA STOCK SALE VALUES FIRM Entries in all sections, showed a slight falling off at the stock sale held yesterday at Temuka. Prices were fully maintained, and considering that three fat stock sales have been held in the last two days without any easing of values, a very healthy tone is denoted. Pat cattle.—About 100 head were yarded the majority being unfinished cows. Good cattle sold fully up to late values, the light and unfinished beef selling sluggishly. The range was. Fat cows (best) £4/2/6 to £6/17/6, medium £2/17/6 to £3/12/6, light 30/- to £2 2/6; fat heifers (best) £4/2/6 to £5 ,7/6, light £2/2/6 to £3/7/6; fat steers (best! £6/12/6 to £9/2/6, light £4/12/6 to £5/7/6; vealers 20/- to 32/6. Store cattle.—No change was noticed in the store cattle market, the following being the sales: Bulls to 31/-, empty cows 8/- to 30/-, 2-year-steers £3/10/-, 18 months heifers 30/- to £2 5/-, calves 8/-. Dairy cattle.—A keen inquiry was forthcoming for good sorts, just calved or close to profit. Springing heifers made to £5/7/6 and cows in profit to £5/10/-. Pigs.—The pig sale was the same dragging market it has been of late weeks. Vendors for the most part accepted the low rates offering for the full yarding of pigs. Prices were: Weaners 3/- to 9/-, slips 8/- to 12/-, stores 18/- to 26/-, porkers to 35/-. Fat lambs.—The yarding totalled nearly 800, practically all of which changed hands at auction, a fully representative bench of exporters operating at top schedule rates. Sales ranged from 16 - to 20/-. Fat sheep.—The fat sheep sale was on a par with other markets this week, and about 2/- a head better than the previous Temuka sale. Values were: Butchers ewes 15/- to 18/-, freezing ewes 11/- to 14/-, fat wethers 22/- to 28/-. Store sheep.—The store market showed no change, a small entry selling as follows: 2,4, 6 and 8-th crossbred ewes 20'-, full and failing mouth ewes 8/- to 12/-, cull ewes 5/- to 6/-. wether lambs to 14/6, corriedale ewe lambs 18/-. STUD CATTLE SALE By Telegraph—Press Association HASTINGS, April 30. The Waiterenui Aberdeen Angus dispersal sale was concluded to-day, the total realisation being about £12,462. Top price was 310 guineas paid for a rising two-year-old bull, others making to 200 gns. Heifers sold to 200 gns with several making from 120 gns upwards. Buying was well distributed, with Australian agents securing several lots and leading North Island breeders purchasing freely. At the conclusion of the sale 60 head of the Glen Aros herd of Mr James Macfarlane were offered, making £1987. top prices for bulls and heifers respectively being 70 and 42 gns. BALDWIN S LIMITED Increased activity in Britain's heaTy industries is reflected in the increased prosperity of Baldwins, the iron and steel producers and cqlliery proprietors, for the year ending December 31, 1934. Profits for the last three years were: 1932, £190,600; 1933. £356,460; 1934; £502.640. A dividend has been paid on 6 per cent, first preference shares for the first time since the 1923 reconstruction, when 80 per cent, of the ordinary capital was written off, and a 7 per cent, second preference distribution has also been made. This distribution also permits the payment of an ordinary dividend of 21 per cent less ta :. the first that has been declared for 14 years. This company holds 100,000 ordinary shares in Australian Iron and Steel, Ltd. MAOETOWN DEVELOPMENT, LTD. The engineer reports that a summary of work done to date reveals the following results: Ore in sight, 56,000 tons; future ore, over 1,000,000 tons; No. 1 shoot, 33 assays, average 23dwts per ton; No. 3 shoot, 21 assays, average lldyts; No. 4 shoot. 72 assays, average 3dwts; Maryborough No. 1 shoot, 33 assays, average 9. dwts; Maryborough No. 2 shoot. 27 assays, average sdwts; Garibaldi No. 1 shoot, 114 assays, average 4dwts 3grs. The Premier and No. 2 Garibaldi shoots have been excluded. The average sloping width is 4 feet and the total length of shoots is 670 feet. BLACKWATER'S RETURN The return for the quarter ending March 31 is: Output of 11,024 tons were crushed yielding 4719 fine ounces of gold from all sources, the value of which, taking gold at the current monthly value, amounted to £33,741. Working expenses were £16,857, leaving a profit of £16.890. Development work was £2330 and capital expenditure £2659. In No. 12 level the average width of the reef was 25 inches and was in value 14.88dyts. No. 10 level was extended south for 136 i feet in blank fault line. OKARITO RETURN The wash-up for the week ending Saturday, April 27, was 420 z 18dwts for 118 hours' dredging. The Gillespie's Beach dredge has been running through a stretch of worked ground. To get into better and richer ground will take about three weeks’ dredging. It is not anticipated that any good return will be w T on during that time. The wash-up for last week was 18oz lldwts. METALS MARKET United Press Association—By Electric Telegraph—Copyright (Received April 30, 9.15 p.m.) LONDON, April 29.

CRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to “ The Timaru Herald " CHRISTCHURCH, April 30. The following quotations were ruling when the Stock Exchange closed for the day:—

YESTERDAY’S SALES By Telegraph—Pres? Association AUCKLAND, April 30. Sales on ’Change: Rural Bonds. 5 per cent., £lO3/10/-; Auckland Harbour Board, 41 per cent., £108; Bank of New Zealand. 51/-; Union Bank, ES 12/-; South British Insurance,, 97/9; Westport Stockton, 1/11; Kauri Timber. 19/0; National Timber, 12/6; New Zealand Breweries, 54/6; Claude Neon (Sydney), 45,6; Colonial Sugar, £42 10/-; Sun Newspapers, 5/-; Wilsons Cement, 35/-; Goldfields Dredging, 5Sd; King Solomon, 4/5; Waihi, 43/9 (4); Maori Gully, 1/7. Unofficial list.—Wool worths (Syd.), 88/9. .WELLINGTON, April 30. Sales on ’Change: Union Bank, £8 12/-; New Zealand Guardian Corporation, 5/6; New Zealand Loan and Mercantile (ord. stock.), £3B; New Zealand Insurance, 71/3; New Zealand Breweries, 54/6 (2), 55/-; Sun Newspapers, 5/3; Big River, 2/5; Maori Gully, 1/65, 1/6s, 1/7; Mount Morgan, 37/-. Unofficial list.—Woolworths, Sydney, 89/6 (2). CHRISTCHURCH, April 30. Sales on ’Change: Commercial Bank of Australia, 15/11 (2); Reserve Bank, £6/15/-; National Insurance (cum div.), 21/7; New Refrigerating (10/- paid), 9/-; New Zealand Breweries, 55/- (6); Colonial Sugar, £42/10/-; Dunlop Perdriau Rubber, 17/2, 17/1; Electrolytic Zinc (pref.), 34/-, 34/3; Big River, 2/5; King Solomon, 4/7 (2); Mahakipawa, 8d; Maori Gully, 1/7 (2), 1/75 (3). Sales reported: Waitahu, 3/-; Mount Lyell, 21/-; King Solomon, 4/7; Goldfields Dredging, 55d; Gillespie’s Beach, l/ssd; Big River, 2/55; Sun Newspapers, 5/3; New Zealand Paper Mulls (cum div.), 34/6; Dunlop Rubber, 17/3 (2), 17/2; Goldsbrough Mort, 30/6 (2); National Insurance, 21/7; Reserve Bank. £6/13/- (4). Unlisted stock: Upper Watut (2/paid), 5/5. DUNEDIN, April 30. Sales reported: Reserve Bank, £6 12/-; National Insurance, 21/6; Southland Frozen Meat paid, 76/-; Dunedin Brewery, 30/-.

SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright (Received April 30, 8 pan.) SYDNEY, April 30. Buying orders for a wide range of industrials and trading shares were executed on the Stock Exchange today* at generally firm prices. The principal classified shares presented a strong front. Commonwealth Bonds were dull. Sales: Bank of New South Wales, £3l; National Bank (£lO paid), £l2/11/-; Union Bank. £B/10/-; Colonial Sugar, £42/10/-; Howard Smith, 14/7; Huddart Parker, 38’/-; Australian Gas (A), £B/3/-; British Tobacco, 39/7; Associated News (pref., ex div.), 24/-; General Industries, 15/45; ditto (pref.), 22/-; Australian Glass, 59/-; Goldsbrough Mort., 30/6; Henry Jones, 36/3; Australian Iron and Steel (pref.), 23/75; Tooths, 52/3; Anthony Hordern, 18/-; David Jones, 41/-; Lustre Hosiery (pref.). 27/-; Mt. Morgan, 47/6; Broken Hill Proprietary 52/6; South Broken Hill, 82/-; Placer Development, £27; Kuala Kampar. 13/6; Rawang Tin, 7/2; Euratha Gold, 3/6. Melbourne Sales: National Bank (£5 paid), £6/4/-; ditto (£lO paid), £l2/15/-; British Tobacco (pref.), 31/-; Dunlop Perdriau, 17/6; Commercial Bank of Australia, 16/-; Goldsbrough Mort., 31/-.

DIVIDEND DECLARED By Telegraph—Press Association WELLINGTON, April 30. Prestige, New Zealand, Ltd., has advised the Stock Exchange Association that a dividend on preference shares at the rate of 6 per cent, per annum for the half-year ended March 31, will be paid on May 1. HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the’ following message, dated April 27, from the High Commissioner for New Zealand, London:— Tallow Auctions will be held on May 1, prices nominally unchanged. Hemp Manila: Market quiet and unchanged. Sisal: Market quiet but steady. New Zealand: Nothing to report. Fruit Satisfactory demand in view of large arrivals of Australian. Rangitiki, Matahana and Tuscan Star apples generally in good condition. Rangitiki pears in sound condition generally. Some Winter Cole, Comice, Marie Louise and Conference variable. Tuscan Star pears discharging Monday. Apples.—Current prices are: Cox’s Orange, 11/- to 16/-; Granny Smith, 14/-; Jonathan. 10 - to 13/-; Delicious, 11/- to 12/-; Ballarat, 8/- to 10/-; Dunn’s Favourite, London Pippin, 8/to 9/6; Lord Wolseley, 7/- to 8/6. Pears.—Comice, 12/- to 18/-; Winter Cole. 9/- to 12/-; Packham’s Triumph, 10/- to 11/6; Beurre Bose, 10/- to 13/-; P. Barry, 10/- to 12/-; Conference, 9/to 12/-; Vicar of Winkfield, 6/- to 8/-; Beurre Capiamont, 7/- to 10/-; Marie Louise. 6/- to 8/-; Beurre Clairgeau, 7/-; Broompark, 7/9; Beurre Diel, 7/to 7/6. MINING NEWS By Telegraph—Press Association AUCKLAND, April 30. The Matki return for the week was 230 z for 114 hours’ work.

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.3& p.c. Inscr., 193852 107 0 0 — 3i p.c. Inscr., 193943 — 106 0 0 3i p.c. Inscr., 1939'52 107 0 0 — 4 p.c. Inscr., 193740 103 15 0 — 4 p.c. Inscr., 194346 106 15 0 — 32 p.c. Inscr., 1941 4 p.c. Bonds, 1937103 0 0 — 40 104 0 0 4 p.c. Bonds, 1943- * 46 106 15 0 4 p.c. Inscr.. 195255 111 10 0 — Rural Bonds . . . — 104 0 0 Banks— Adelaide (c div.) . •_ 6 0 0 Australasia . . . 10 10 0 Comm, of Aust. . Comm, of Aust. 0 15 0 0 15 11 (pref.) .... — 9 16 0 Comm, of Sydney 17 5 0 18 0 0 E., S. and A. . . National of A’asia. 4 16 0 4 19 0 (£10 paid, cum div.) 12 9 0 12 18 0 National of A’asia. (£5 paid, cum div.) 6 4 0 National of N.Z. . New South Wales 3 6 6 3 10 0 (cum div.) . . 30 10 0 31 0 0 New Zealand (cum div.) 2 11 0 2 11 6 Reserve 6 12 0 6 13 3 Union of Aust. . . 8 10 0 8 15 0 Insurance— A.P.A 1 1 6 National .... 1 1 7 1 1 3 New Zealand . . . 3 9 6 3 12 0 South 'British . . 4 18 0 Standard .... 3 11 9 3 12 0 Loan & Agency— Goldsbrough Mort. 1 10 3 1 10 9 Frozen Meat— Gear N.Z. Refrigerating (£1 paid) . . . N.Z. Refrigerating 0 19 7 1 1 6 (10/- paid) . . 0 8 11 0 9 0 Shipping— Union (pref.) . . . _ 1 8 0 Woollens— Kaiapoi (pref.) . . 0 17 6 —. CoalStock ton (pref.) . n 5 0 Westport 1 1 0 — Gas— Christchurch . . . Christchurch (10/1 15 6 l 17 0 paid) 0 17 9 —

Breweries— Dunedin (cum d.) 1 8 9 New Zealand . . . 2 14 9 2 15 0 Staples 1 13 0 1 14 0 Timaru <7/6 paid) 0 8 0 0 8 4 Tooths ..... 2 11 0 2 12 0 Tui 1 8 6 White Star . . . 0 3 9 — Miscellaneous— Amalgtd. Wireless (contr.) .... 1 16 0 2 2 0 Anthony Hordern 0 L7 3 0 18 2 Assoc. Newspapers — 1 4 0 Australian Glass . Aust. Iron & Steel 2 17 9 2 19 6 (pref.) .... 1 3 6 British Tobacco . 1 18 10 1 19 2 Beath and Co. . . 1 11 0 Do. (1/- paid) . . Broken Hill — 0 9 3 Proprietary . . 2 11 0 2 11 6 Colonial Sugar . . Dominion Build42 5 0 — ers' Supplies . . 0 4 9 0 7 5 Dom. Fertiliser . . Dunlop Perdriau 1 2 3 — Rubber .... Electrolytic Zinc 0 17 1 0 17 2 lord.) .... 1 5 0 1 5 4 Electrolytic Zinc ipref.) .... 1 14 0 1 14 3 Gordon & Gotch 2 5 0 Kauri Timber . . N.Z. F a r m e r s’ 0 18 10 0 19 6 Co-op. (4i p.c. Stock, 1940) . . 82 10 0 N.Z. Newspapers . N.Z. Paper Mills 1 14 3 (cum div.) . . . 1 14 0 1 15 0 Quill Morris (in liquidation) . . 0 3 9 0 4 6 Sun Newspapers . Victoria N y a n z a 0 5 0 0 5 Sugar .... 0 5 0 Wilson’s Cement . Woolworths (N.Z.) 1 14 6 - (ord.) 10 10 0 11 0 Woolworths (Syd.) 2nd pref. . . . Woolworths (Viet.) — 1 9 6 pref.) Wunderlich .... — 0 19 9 Mining— Alexander (15s pd. ex div.) .... 0 16 0 0 16 6 1-1 Bell Hooper . . . 0 0 01 0 0 Bendigo Goldlights — 0 1 Big River .... 0 2 4 0 2 Blackwater . . . 1 10 9 Brian Boru . . . 0 0 3 h 0 0 Deep Lead .... — 0 2 01 Gillespie’s Beach . 0 1 5 0 1 6 Golden Dawn . . 0 2 1 0 3 0 Golden Point . . 0 0 1 0 0 n Golden S&nds . . Goldfields Dredg0 2 3 ing 0 0 5 0 0 51 Kildare ..... 0 3 25 0 3 6 King Solomon . , 0 4 5 0 4 7 Lawson’s Flat . . 0 0 5 0 0 6 Maerewhenua . . 0 0 21 0 0 3i Mahakipawa . . . Mahakipawa (pf.) 0 0 8 0 0 8 h 1929 and 1930 issues) .... 0 1 2 Maori Gully . . . 0 1 7 0 1 8 Mataki Mining House Con- — 0 2 0 cessions . — 0 0 2 Moonlight Nelson Creek — 0 0 U Mossy Creek . . . 0 2 8 h 0 2 10 Mount Lyell . . . 1 0 9 1 1 0 Mount Morgan . . 1 17 0 1 18 0 Nevis Diesel Elect. 0 0 1 Rawang Tin . . . 0 7 2 0 7 8 Skippers 0 0 21 0 0 23 Waihi 2 3 0 2 4 3 GraM Junction . 0 4 6 0 4 11 Waitahi 0 3 0 0 3 11 Worksop Extended 0 2 75 0 2 10 Unlisted Stocks All transactions in stocks quoted in this section are subjec to a different rate of brokerage from Listed Stocks and are not quoted on the Official List. Buyers. Sellers. s d. £ s. d. Andersons (pref, c. div.) 0 18 0 Coulls, Somerville and Wilkie . . — 0 15 0 Ben Ledi ... — 0 0 9 Jones Nevis . . . 0 0 7 0 0 11 Macetown . . . New River (7*d 0 1 3 paid) 0 0 4i 0 0 7 1

N.Z. Mining Investment . . . 0 1 1 N.Z. Perpetual Forests .... Reece, Ltd. E. (pf.) 2 3 3 0 2 10 Regent Theatre Buildings . . . 0 5 6 0 7 (i Smith, Wylie . . . 0 9 0 Upper Watut (2/paid) 0 5 4 0 5 G Woolworths (Syd.) ord 4 8 6 4 10 0

Quotations: — Copper— £ s. Standard .. 31 3 li Forward .. 31 10 75 Electrolytic .. 34 15 0 to .. 35 10 0 Wire Bars .. 35 10 0 Lead— Spot .. 12 12 6 Forward .. 12 Spelter— Spot .. 13 2 Forward .. 13 5 Tin— Spot .. 233 2 6 Forward .. 218 7 6 Silver— Standard, per oz. .. .. 34 ] Fine 36 3-4