COMMERCIAL

Timaru Herald, Volume CXXXIX, Issue 20108, 15 May 1935, Page 16

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Timaru Herald " CHRISTCHURCH, May 14. The fallowing quotations were ruling when the Stock Exchange closed for the day:—

J. M. MILLER, Regent Picture Buildtnes.

METALS MARKET United Press Association —By Electric Telegraph Copyright (Received May 14, 8 p.m.)

YESTERDAY’S SALES By Telegraph—Press Association AUCKLAND, May 14. Sales on ’Change.—Bonds, 1955, 4 per cent, £ll2/15/-; Stock, 1939-43, 31 per cent, £lO4/10/-; 1949 , 4 per cent, £108; Bank of Australasia, £ll (3); Bank of New South Wales, £3l; Bank of New Zealand, 51/- (2); Reserve Bank, £6/13/- (2); Australian Provincial Assurance, 21/-; New Zealand Insurance, 70/9; Traders’ Finance (con.), 2/9; Renown Coal (pref.), 2/6; Taupiri Coal 15/-; New Zealand Breweries, 55/3; Consolidated Brick, 8/9; Dunlop Perdriau, 17/-; Farmers’ Trading, 7/11; New Zealand Drug, 80/-; New Zealand Refrigerating (10/- paid), 9/-; Robinson Ice, 25/6; Waihi, 42/7; Mt. Lyell 20/-; Mt. Morgan, 38/6 (3). Unofficial List.—Golden Crown (9d paid), 3/8. WELLINGTON, May 14. Sales on ’Change.—Bank of Australasia, £11; Bank of New Zealand, 51/(3); Goldsbrough Mort., 30/10; New Zealand Insurance, 71/-; Taupo Timber (16/- paid, pref.), 14/3; New Zealand Breweries, 55/3; Crystal Ice, 42/6; Big River, 2/45; Waihi, 42/6; Mt. Morgan, 38/6. CHRISTCHURCH, May 14. Sales on ’Change.—Goldsbrough Mort., 30/7 (3), 30/8, 30/9 (4); New Zealand Refrigerating (10/- paid), 9/1 (2); New Zealand Breweries, 55/-; Timaru Brewery (7/6 paid), 7/10 (2); Tooths Brewery, 51/6; Colonial Sugar, £4l; Electrolytic Zinc (pref.), 35/- (2); Sun Newspapers, 6/1 (3); Big River, 2/4, 2/35; Maerewhenua, 2d (2); Mount Lyell, 20/-; Okarito, 6/- (3). Sales Reported.—Stock, 1937-40, 4 per cent, £lO5, £lO4/15/-; North Canterbury Electric Power Board, 35 per cent, 1954, £103; Bank of New South Wales (cum div.), £3l; Bank of New Zealand (cum div.), 51/-; Westport Coal (cum div.), 21/9; Westport Stockton (ord.), 1/10; Claude Neon Lights (N.Z.), 43/3; Colonial Sugar, £4l/5/-; Consolidated Brick, 8/3; Kauri Timber, 19/8; Maori Gully, 1/8; Mount Lyell, 20/1; Mount Morgan, 38/6; Skippers, 21d; Goldsbrough Mort, 30/10; New Zealand Refrigerating (£1 paid), 20/1, 20/-; Woolworths (N.Z.), ord., £ll/5/-. DUNEDIN, May 14. Sales on 'Change.—Sun Newspapers, 6/4; Mt. Lyell, 20/-; Bendigo Goldlights, 1/01. Sales Reported.—Bank of Australasia, £ll (3); National Bank of Australasia, £l2/14/-; Broken Hill Proprietary, 55/6; New Zealand Drugs, 80/-; Mount Lyell, 20/-; Mount Morgan, 38/6 (2); Big River, 2/4. SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright (Received May 14, 8.30 p.m.) SYDNEY, May 14. The Sydney Stock Exchange was very steady with a heavy turnover. Sales were: Bank of New South Wales, £3l/7/6; Commercial Bank of Sydney, £l7/17/-; National Bank (£5 paid), 16 6/-; Colonial Sugar, £4l/12/6; United Insurance, £11; Mercantile Mutual Insurance, 25/-; Howard Smith, 15/-; Australian Gas A, £B/2/6; British Tobacco, 39/9; Tooths, 52/2; Dunlop Predriau, 17/-; Wilcox Mofflin, 10/7; Morris Hedstrob, 19/45; Millaquin Sugar, 35/9; Farmers, 26/6; Anthony Hordern, 19/-; Lustre Hosiery, 27/3; Australian Iron and Steel (pref.), 23'-; Standard Cement, 21/3; General Industries, 16/9; Nestles (pref.), 40/-;

Mt. Morgan, 38/-; Broken Hill Proprietary, 57/3; South Broken Hill, 85 6; Rawang Tin. 7 4; Euratha Gold, 4/-; Placer Development. £27 10/-; Melbourne National Bank (£lO paid), £l2/17/-; Mt. Lyell, 20/U; North Broken Hill. £6. DIVIDEND DECLARED By Telegraph—Press Association DUNEDIN. May 14. The Dunedin Stock Exchange Proprietary has declared a dividend at the rate of 5 per cent per annum, equal to 6d a share, payable on June 5. TEMUKA STOCK SALE VALUES A LITTLE EASIER The fortnightly sale was held yesterday at Temuka Saleyards. In spite of the fact that this was the second occasion this week when butchers had large entries of fat sheep and cattle placed before them, the sale, although a little easier, did not recede so much as anticipated. Fat Cattle.—More than 100 head were yarded, the quality being inferior to that of the stock offered at Monday’s sale at Pleasant Point. Prices were slightly easier, owing to butchers holding supplies. Values were: Fat steers b t, £5/7/6 to £6/2/6, light. £3/12/6 to £4/2/6; fat cows. best. £4/2/6 to £6/7/6. medium, £3 to £3/12/6, inferior, 37/6 to £2/7/6; fat heifers £2/17/6 to £4/17/6; runners to £2/7/6; vealers 13/6 to 29/-. Store Cattle.—The bulk of the entry was made up of aged empty cows, which showed an appreciation of about 3/6 a head. Sales were: Bulls to 25/-; empty two-year heifers passed at 37/-; 18-month steers passed at 27/6; empty cows 10/6 to £2; yearlings 17/-. Dairy Cattle.—No change was noticed in this section, a fair part of the entry being inferior late calvers. Sales were: Cows in profit 30/- to £3; springing cows £2/15/- to £4/15/-; springing heifers passed at £4/10/-. Pigs.—Another large entry was on offer. Weaner pigs sold at late rates but stores were back by 4/- a head. Values were: Weaners 3/6 to 10/-; slips 9/- to 14/-; store pigs 15/- to 22/-; porkers to 33/-; baconers to £2/5/-. Fat Lambs.—About 300 head were placed before exporters, the quality being only medium. Prices were the equal of late rates. Best fat lambs made 17/- to 18/7 and medium 15/to 16/-. Fat Sheep.—Two races were forward, the quality being inferior to that offered at Monday's sale at Pleasant Point. Owing to heavy supplies butchers’ sheep were easier by about 2/- a head. Sales were: Fat ewes, best 15/- to 17/6, exporters 11/- to 13/9, light 9 6 to 10/3; fat wethers, prime 25/- to 27/-, medium 21/6 to 23 9. Store Sheep.—A good many pens if inferior, thin ewes were included in the entry, most of which were passed in at auction. The sales which were made were on a par with other sales. Prices were: Small 2-shear ewes 19/3; failing mouth ewes 6/10 to 10/1; s.m. ewes 16/-; 2 and 4-tooth ewes 23/7; ewe lambs 14/6 to 15/6; wethers 13/9 to 20/-. HIGH COMMISSIONER’S REPORT The Department of Agriculture has received the following message dated May 11, from the High Commissioner for New Zealand. London:— Tallow Stocks in hand small. Hemp. Manila: Market steady; values unchanged. Sisal: Market firm; Mav-July shipment quoted buyers £ls/12 6; JulySeptember shipment, £ls/17/6. New Zealand: Small business done in Fair, £ls/10/-; Common, £l3/10/-. Fruit. Tuscan Star. Taranaki and Port Auckland apples in sound condition; pears in variable condition. Apple market is steady. Current prices are: Cox’s Orange, 10/- to 15/-; Granny Smith, 10/- to 12/-; Jonathan and Delicious, 9/- to 11/6; Sturmer, 9/- to 11/-; Cleopatra, 9/- to 10/6; Statesman, 8/- to 10/-; Dunn's favourite and Ballarat, 8/6 to 9/6; London Pippin, 8/6; Otago Cox’s Orange, 12/- to 18'-; Delicious, 10/- to 12/-; Jonathan. 9/to 11/-; Dunn's Favourite, 8/- to 10/-. Pears. —Market is weaker owing to liberal supplies and variable condition. Current prices are: Comice 10/- to 14/-; Winter Nelis, 9/- to 11/-; Beurre Bose and Conference, 8/- to 10/-: Winter Cole. Vicar of Winkfield, P. Barry and Paekham’s Triumph, 7/6 to 10/-; Twyford Monarch. Beurre Clairgeau, Keifler and Beurre Diel, 7/- to 8/-; Otago Winter Nelis, 8/- to 11/-: Winter Cole, 8/- to 9/-; Comice, 10/to 12/-. FOREIGN EXCHANGE RATES The Bank of New South Wales, Christchurch, quoted the following rates as ruling yesterday for its sales and purchases of foreign exchanges. All rates are subject to alteration without notice:—

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.Si p.c. Inscr., 193943 104 0 0 — 4 p.c. Bonds, 193740 105 0 0 — 4 p.c. Bonds, 195255 113 0 0 — Rural Bonds . . . 102 0 0 — Banks — Australasia .... — 11 0 0 Comm, of Aust. 0 15 7 0 15 8 Comm, of Aust. (pref.) — 9 15 6 Comm, of Sydney 17 5 0 17 12 6 National of A/asia (£10 paid, cum div.) 12 11 0 — National of A/asia (£5 paid, cum div.) 6 2 0 6 5 0 National of N.Z. . 3 6 0 3 7 6 New South Wales (cum div.) . . . 30 10 0 31 0 0 New Zealand (cum div.) 2 11 0 2 11 6 New Zealand (‘'D” Mort. shares) 1 13 — Union of Aust. . . 8 12 6 — U/serve 6 12 6 6 13 6 Insurance — A.P.A 1 1 5 119 National (c. div.) — 1 1 9 Standard .... 3 12 6 — Loan & Agency— Dalgety and Co. (cum div.) . . . 8 2 6 8 6 6 Goldsbrough Mort. 1 10 9 11011 Mutual Benefit . . — 14 10 0 National Mortgage “A” 2 10 0 — J n i t e d Building Society 1 1 9 1 2 6 Perpetual Trustees 3 5 0 Shipping — P. and O. Deferred Stock 12 0 Frozen Meat — Canterbury (ord.) — 9 10 0 N.Z. Refrigerating (£1 paid) . . . 0 19 7 1 0 2 N.Z. Refrigerating (10/- paid) . . 0 9 0 0 9 1 North Canterbury Freezing .... 0 13 6 1 5 0 Woollens — Kaiapoi (17/- pd.) 0 14 7 0 15 2 Kaiapoi (pref.) . . 0 17 9 0 18 9 Coal — Westport (c. div.) 117 119 Stockton (ord) . . 0 18 0 2 0 Gas — Christchurch . . . 1 16 6 1 17 6 Breweries — New Zealand . . . 2 14 11 2 15 0 Staples — 1 13 6 Timaru (7/6 paid) 0 7 10 0 7 11 Tooths 2 11 3 2 11 6 Tui 1 10 0 — Miscellaneous — Allied Motors . . . 0 2 0 0 3 9 Amalg. Wireless (contr.) .... 1 17 9 2 0 0 Anthony Hordern 0 18 4 0 19 4 Associated Newspapers . . 4 . . 12 0 13 0 Australian Glass . 3 10 — Aust. Iron & Steel (pref.) 12 5 12 9 Beath and Co. . . 18 9 1 10 6 Beath and Co. (1/paid) — 0 9 3 British Tobacco 1 18 5 1 18 10 Claude Neon (N.Z.) 2 2 6 — Claude Neon (Syd) 2 10 0 2 12 6 Colonial Sugar . . 40 15 0 41 2 6 Consolidated Brick 0 7 4 0 8 1 D.I.C. (10/- paid) 0 14 0 — Dom. Fertiliser (c. div.) 12 5 — Dunlop Perdriau Rubber .... 0 16 10 0 16 11 Electrolytic Zinc (ord.) — 15 6 Electrolytic Zinc (pref.) 1 14 6 1 15 1 Henry Jones Coop. (cum div.) 1 15 6 1 16 0 Hays, Ltd. (15/paid) 0 15 6 0 16 6 Kauri Timber . . 0 19 8 0 19 9 Imperial Chemical Industires . . . 2 0 0 2 5 0 Metters (N.Z.) Ltd. 0 5 0 — N.Z. Drug Co. . . 3 19 0 — N.Z. Farmers’ Co-op. (1st pf.) 2 10 0 3 2 6 N.Z. F a r m e r s’ Co-op. (45 p.c. Stock, 1940) . . 81 0 0 33 10 0 N.Z. F a r m e r s’ Co-op. (45 p.c. Stock, 1945) . . 81 0 0 — N.Z. Farmers’ Fertiliser . . . 1 0 0 103 N.Z. Newspapers (cum div.) . . 1 16 0 2 0 0 Quill Morris (in liquidation) . . 0 4 6 0 411 MAY BARGAINS ALL OUR LATEST APPAREL AT SPECIAL PRICES THIS MONTH. TWEED COATS, smart styles, silk lined— ONLY 29/6 to 59/6 WINTER COATS. fur collars, latest styles — ONLY 49/6 TWEED COSTUMES, newest styles — ONLY 59/6 TWEED FROCKS. warm and durable ONLY 23/6 SILK MAROCA1N FROCKS, very smart — ONLY 19/6 SILK EVENING FROCKS, just opened FROM 19/6 WINTER FELTS and VELOURS, at reduced prices — FROM 6/11 GOOD CASHMERE HOSE— 2/11 to 5/11 STRONG SILK and WOOL HOSE— 2/11 to 5/11 PURE SILK HOSE3/6 to 9/11 WOOL and FABRIC GLOVES FROM 1/11 to 4/6

1 Sun Newspapers 0 6 0 0 6 2 Victoria Nyanza Sugar 0 5 0 Wilson’s Cement (cum div.) . . . 1 15 4 1 18 0 Woolworths (N.Z.) ord 11 3 6 11 6 6 Woolworths (N.Z.) pref 2 0 0 2 1 6 Woolworths (Syd.) 2nd pref. . . . 1 6 0 — Mining— Addison’s Plat . . 0 2 Alexander .... 0 15 0 0 19 0 Alexander (15/paid) .... 0 14 0 0 15 0 Bell Hooper .... 0 0 os 0 0 1 Bendigo Goldlights 0 1 0 0 1 OS Big River .... 0 2 3 0 2 4 Blackwater .... 1 10 6 1 13 0 Brian Boru . . . 0 0 31 0 0 4 Central Shotover . — 0 0 3 Charleston .... 0 0 5 0 1 5 Gillespie’s Beach . 0 1 5 0 1 6 Golden Dawn . . 0 2 1 0 2 7 Golden Point . . — 0 0 u Golden Sands . . 0 2 3 Goldfields Dredging 0 0 4i 0 0 5 King Solomon . . 0 4 1 0 4 4 Lawson’s Flat . . — 0 0 Maerewhenua . . . 0 0 12 0 0 2S Mahakipawa . . . 0 0 6 0 0 8 Mahakipawa (pf.) 1929 issue . . . — 0 1 2 Maori Gullv . . . 0 1 7 0 1 8 Mossy Creek . . . 0 2 5 0 2 6 Mount Lyell . . . 0 19 8 1 0 0 Mossy Creek . . . 0 2 6 0 2 7 Mount Lyell . . . 0 19 10 1 0 0 Mount Morgan . . 1 18 3 1 18 6 Okarito — 0 6 0 Rawang Tin . . 0 7 0 0 7 2 Skippers .... 0 0 2i 0 0 3 Waihi (cum div.) 2 2 3 2 3 0 Worksop Extended 0 2 4 0 2 8 Unlisted Stocks All transactions in stocks quoted in this section are subjecl to a different rate of brokerage from Listed Stocks and are not quoted on the Official List. Buyers. Sellers. £ s. d. £ s. d Anderson’s Ltd. 0 18 0 1 0 0 Ben Ledi .... 0 0 3 0 0 7 Barrytown .... 1 0 0 1 1 0 Antonio Flat (3d paid) 0 0 2 0 0 4* Shirley Golf Links — 0 9 0 Macetown .... — 0 1 1 N.Z. Mining Investment . . . 0 0 9 0 1 OS New River (7Sd paid) — 0 0 6 Bullfinch Syndicate (£5 paid) 40 0 0 90 0 0 Tru-Colour Films (Vendors shares) 1 15 0 2 3 0 Upper Watut (2/paid) .... 0 4 6 0 5 3 Were's Investment Trust 0 4 6 — Woolworths (Syd.) ord 4 7 9 4 8 6 White’s Electric Dregde .... — 0 0 5

LONDON, May 13. Quotations:— Copper— £ s. d. Standard 33 7 Forward 33 18 la Electrolytic 36 10 0 to 37 10 0 Wire Bars 37 10 0 Lead— Spot 13 15 0 Forward 13 15 0 Spelter— Spot 14 12 6 Forward 14 15 0 Tin— Spot 225 2 6 Forward 219 17 6 Silver— Standard, per oz 33 10 9 Fine 35 3 9

Buying. Selling. London — £ N.N. to £100 st. T.T. 124 124T0 O.D. 123 TO 124 7/6 Australia— £ A. to £100 N.Z. T.T. 101 100/10 O.D. 101 100/10 Fiji— £ F. to £100 N.Z. T.T. 90, 7 6 89 O.D. 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 3.94J 3.90i O.D. 3.952 3.91 Montreal— Dol. to £1 N.Z. T.T. 3.942 3.905 O.D. 3.95S 3.914 France — Frcs. to £1 N.Z. T.T. 60.19 58.89 O.D. 60.49 58.94 Germany— Reichmarks to £1 N.Z. T.T. — 9.546 O.D. — 9.551 Italy— Lire to £1 N.Z. T.T. — 47.03 O.D. — 47.07 Japan— N.Z. d. to 1 yen T.T. — 17 13-16 O.D. — — India & Ceylon— N.Z. d. to rup. T.T. 22 S 22 23-32 O.D. 221 22 21-32 Singapore— N.Z. d. to 1 dol. T.T. 34 5-16 35 1-4 O.D. 34 3-16 35 3-16