COMMERCIAL

Timaru Herald, Volume CXXXX, Issue 20165, 20 July 1935, Page 19

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to “ The Timaru Herald ” CHRISTCHURCH, July 19. The following quotations were ruling when the Stock Exchange closed for the day:—

YESTERDAY’S SALES By reieeranh Press Association AUCKLAND, July 19. Sales on ’Change.—Bonds, 1946, 4 per cent, £IOB/12/6; Stock, 1938-62, 31 per cent, £IOB/5/-: 1946, 4 per cent, £IOB/12/6; 1949, £lO9/10/-; 1955, £112; Amalgamated Brick (Wellington), 1944, 71 per cent, £lO3/15/-; National Bank of New Zealand, 68/0; Bank of New South Wales, £32/2/6; Bank of New Zealand, 51/6; Dom. Investment and Banking, 16/6; Farmers' Auctioneering (£6 paid), 84/-; Christchurch Gas, 36/3; National Timber, 14/-; Taupo Timber, 7/6; Kauri Timber, 22/3; Kaiapoi Woollen (con.), 6/4; British Tobacco, 39/6, 39/9; Com. Brick, 10/7 (2); Dunlop Perdriau, 16/1; Farmers’ Trading, 7/2; Morris Hedstrom, 21/7; New Zealand Newspapers, 38/6; Big River, 2/2; Mataki, 2/- (2), 1/11 (2); Waihi Junction. 4/15; Mt. Morgan, 37/-. Unofficial List—New Zealand Perpetual Forests (18/- paid), 45/-; Woolworths (Syd.), 92/6, 92/9. WELLINGTON, July 19. Sales on ’Change—Christchurch Trams, 55 per cent, 1954, £IOB/15/-; Bank of Australasia, £lO/19/6, £11; National Bank of New Zealand, 68/9 (2); National Bank of Australasia (£lO l *d), £l2/15/-; Bank of New South Wales, £32; Bank of New Zealand, 51/6 (2); Reserve Bank, £6/9/-; Union Bank, £9/2/6. £9/2/- (2); Christchurch Gas, 36/3 (2); Gear Meat, 21/-; Yarra Falls, 42/3; Timaru Brewery, 9/-; British Tobacco. 39/75 (2) ; Consolidated Brick, 10/7; Dunlop Perdriau, 16/1; Mount Morgan, 37/-. Unofficial Woolworths (Sydney), 92/6. CHRISTCHURCH, July 19r Sales on 'Change.—Stock, 4 per cent, 1952-55, £112; National Insurance, 20/7; New Zealand Breweries (ex div.), 53/6; Australian Glass, 70/9, 71/6; Broken Hill Proprietary. 69/-; Dunlop Perdriau Rubber, 16/2, 16/1 (2), 16/- (2); Electrolytic Zinc (ord., cum div.), 27/0; Howard Smith, 16/6; Big River, 2/-. Sales Reported.—Mataki, 2/-; National Electric, 12/-; Howard Smith, 16/8; Commercial Bank of Sydney, £lB/2/6; New Zealand Refrigerating (10/- paid), 9/11; Skippers, 21d; New Zealand Farmers’ -Co-op. (41 per cent, Stock, 1939), £BS; Anthony Hordern, 20/1. DUNEDIN, July 19. Sales on ’Change.—New Zealand Refrigerating (Con.), 10/-; Broken Hill Proprietary, £2/19/-. Sales Reported.—Consolidated Brick, 10/6; Farmers’ Fertiliser, £l/0/8; U.S.S. Co. (pref.), £l/7/6; Australian Glass, £3/1/6; Westport Coal, £l/2/-; Dominion Fertiliser, £l/3/6; National Electric, 12/-; Mt. Lyell, 19/9, Mt. David, 1/6; Christchurch Tramway, 45 per cent, 1954, £108; 4 per Cent Stock, 1937-40, £lO2. SYDNEY STOCK EXCHANGE United Press Association—By Electric Tel eeraph—Copyright (Received July 19, 7.55 p.m.) " SYDNEY, July 19. On the Stock Exchange to-day leading company shares were very firm. Commonwealth Bonds were quiet anti mining business was slack. Sales: Bank of New South Wales, £32/15/-; Commercial Bank of Sydney, New Zealand delivery, £lB/12/-; National Bank : (£5 paid), £6/11/-; Union Bank, £9/5/-; Colonial Sugar, £45; Adelaide Steam. 31/6; Huddart Parker, 39/9; Burns Philp, 65/-; Australian Gas (“A”), £B/3/-; British Tobacco, 40/3; Tooths, 55/3; Tooheys, 30/75; G. J. Coles, 62/-; Morris Hedstrom, 22/-; Henry Jones. 37/6; David Jones, 41/6; Anthony Hordern, 20/1; General Industries, 20/-; ditto, (pref.), 25/-; Amalgamated Textiles. 11/7; John McGrath, 36/-; Mount i Morgan, 37/-; South Broken Hill, 91/6- ] North Broken Hill, £6/16/6; Bulolo t Gold, £B/16/-; Malim Narvar, 18'3- ! Piaedr Development, £32. Melbourne Sales.—Bank of Australasian, £ll/3/-; Commercial Bank of Sydney, £lB/8/-; National Bank (£5 paid), £6/11/-; Goldsbrough Mort, 30/3; G. J. Coles, 62/6. METALS MARKET t On)ted Press Association —By Electric Telegraph—Copyright < (Received July 19, 8.55 p.m.) LONDON, July 18. E

* PRODUCE MARKETS 0 J CHRISTCHURCH 6 B By Telegraph —Press Association [J CHRISTCHURCH, July 19. “ Mainly because of a heavy shipment J totalling 14,103 sacks taken to the J North Island yesterday in the Waipiata, J the potato market in Christchurch B showed a slight weakening for a day, l but this is the first check since the rise 5 set in a fortnight ago. There has been some demand from the north, but in the opinion of some merchants not ) nearly enough to justify the prices I which are reported to have been offered to farmers and paid to merchants I among themselves. Values, they claim, are entirely fictitious, specially as there are now only two months of the season left. The markpt is extremely difficult to judge, because everybody inter--1 ested in potatoes has a different idea 5 of values and is able to quote instances of actual sales which range over £1 I from the highest to the lowest. Sales 1 f.o.b. of Dakotas at more than £9 and of whites at £B/10/- are reported. ) The Waipiata lifted 1359 sacks from Bluff, 5844 from Timaru and 6900 from Lyttelton, a load that should keep the j northern market quiet for some time. Another heavy shipment will be made j next week, but It is not likely to be so heavy as the Waipiata’s, which was a l record for the season and probably for last season, too. In the meantime, while the trade Is in an almost hysterical condition over the market, farmers continue to hold on to what they have. Only small lots can be bought I because the farmer, having seen potatoes rise about £2 in the last two weeks, ) is afraid to sell now lest they go still higher. Quotations on trucks vary. One merchant yesterday quoted £5/15/to £6/5/- for whites and £7 for Dakotas, while another quoted £6/15/- to £7 for whites and £7 to £7/5/- for Dakotas. August-September quotes are up to £B/10/- for white and £9/10/- for Dakotas f.o.b. The big shipment By the Waipiata seems to indicate that there will be no shortage of potatoes in the South Island, and there is little prospect now with the Sydney market slipping, of a shipment to Australia. There has been a fair enquiry for oats during the week, Gartons being quoted at 3/3. Duns have also been asked for, and are worth 3/- to 3/3. Very little business is passing. Business in chaff seems to be at a standstill. The small seeds trade is undergoing the usual midwinter calm and practically no business is being done. DUNEDIN By Telegraph —Press Association DUNEDIN, July 19. There Is a continued lack of interest in the milling wheat market. Trade in fowl wheat is quiet. The current value is 4/7 a bushel, sacks extra ex trucks, Dunedin, with small lots selling at up to 5/-. The oat market continues firm and merchants are finding it difficult t.o secure stocks from the country. The present quotation in the country is 3/1 for A’s and 2/9 for B’s, sacks extra. Seed oats are meeting a strong demand. The chaff market remains steady. Supplies for the local market are still being drawn from Canterbury. Values for best quality are on the basis of £5 sacks extra on trucks for truck loads, and £5/10/- ex stores. The demand Is confined to best quality. The potato market continues firm with stocks in Dunedin on the low side. The value of freshly picked lines of Arran Chiefs is £7 a ton, sacks included, with King Edwards worth about £1 a ton more. Although the period of spring sowing is now approaching there is not yet any improvement in the seed markets. DAIRY PRODUCE United Press Association —By Electric Telegraph —Copyright (Received July 19, 5.5 p.m.) LONDON, July 18. Butter —Market firm and active, Danish, 102/-; choicest salted New Zealand, 89/- to 90/-; Australian, 88'to 81/-. Unsalted: New Zealand 94/to 96/-; Australian 88/-. Cheese. —Market quiet. New Zealand, coloured 43/6, white 44/-; Australian, both 41/- to 42/-, exceptional 42/6. LONDON WOOL SALES Dalgety and Company, Ltd., have received the following cable advice from their London office: Wool sales continue active. As compared with opening rates of the series, greasy merino and greasy crossbred, rather higher, scoured merino, scoured halfbred, scoured crossbred and slipes demand irregular. Opening rates are not maintained. MINING NEWS By Telegraph —Press Aseoetatlon WESTPORT, July 19. The Addison return for the fortnight - -ding July 13, was 2202 7dwt for 36 shifts. AUSTRALIAN MARKETS United Press Association—By Electrlo Telegraph—Copyrlgnt MELBOURNE, July 19. Flour, £lO/7/6 per ton; bran, £4/15/-; pollard, £5; oats, 2/3 per bushel; barley, English, 2/7 to 3/-; maize, 4/6; potatoes, £lO/15/- to £ll per ton; onions, £9/5/- per ton. LONDON WHEAT REPORT United Press Association—By Electric Telegraph —Copyright LONDON, July 18. Cargoes are firm and prices unchanged. Parcels are steady' to 6d advance. Spot trade slow. Australian, on ship, 26/9. Futures are quoted; London (qr.), September 21/3. Liverpool (cental), July, 5/-; October, 4/118; December, 4/lli; March, 4/105. BRADFORD TOPS MARKET Onlted Press Association—-By Electrlo Telegraph—Copyright (Received July 19, 5.5 p.m.) LONDON, July 18. On the Bradford market the upward movement in merino tops has been - -eked, topmakers finding it difficult to make the la '; advance. Crossbreds are firm with a hardening tendency. Quotations: 70’s, 326 d; 64’s, 31d; 60’s, 29id; 58’s, 20d; 50's, 15d; 46’s, Mid; 40's, 105 d.

Buyers. Sellers. £ S d £ s. d. N.Z. Govt. Debs. 3 h p.c. Inscr., 193843 105 0 0 — 3? p.c. Inscr., 193852 107 15 0 31 p.c. Inscr., 193952 108 0 0 — 4 p.c. Inscr., 193740 102 0 0 102 10 0 4 p.c. Inscr., 194649 109 2 6 — 4 p.c. Inscr., 195255 112 0 0 — 4 p.c. Bonds, 193740 102 5 0 4 p.C. Bonds, 1952- ' 55 112 0 0 — Other Debs.— Ch.Ch. Drainage, 4.1 p.c., 31/12/61 Gisoorne Sheep- - 109 0 0 farmers, 6i p.C., 1941 102 10 0 103 0 0 Glaxo, 64 p.c., 1945 102 7 6 — Banks — Adelaide Comm, of Aust. 5 0 0 (cum div.) . . . Comm, of Aust. 0 16 9 0 16 10 (pref., cum div.) — 9 18 0 Comm, of Sydney 18 2 0 18 17 0 E., S. and A. . . . National of A'asia 5 3 0 5 3 6 (£10 paid) . . . 12 17 6 13 6 0 National of A’asia (£5 paid) . . . 6 8 0 6 10 0 National of N.Z. . 3 8 0 3 9 0 New South Wales 32 0 0 32 10 0 New Zealand . . . New Zealand (“D” 2 11 0 2 11 9 Mort. shares) . 1 12 6 — Reserve Union of Aust. (c. 6 9 3 6 9 9 div.) 9 0 0 9 3 0 Insurance— A.P.A Mercantile Mutual i i 9 1 2 9 (cum div.) . . . 1 5 0 — National New Zealand (cum 1 0 6 1 0 8 div.) — 3 7 9 Standard 3 12 6 — Loan & Agency— Dalgety and Co. . 8 5 0 8 7 6 Goldsbrough Mort. 1 9 10 1 10 4 Mutual Benefit . . N. Z. Guarantee 14 10 0 Corporation . . 0 5 10 0 5 :i Permanent Investment 9 0 0 — United Building Society .... Wright Stephenson - 1 4 2 and Co. (ord.) . — 1 0 0 Wright Stephenson and Co. (pref.) — 1 1 0 Perp. Trustees . . 3 7 0 3 12 0 Shipping— New Zealand (pf.) 10 0 0 Union (pref.) . . 1 6 10 — Frozen Meat— * Canterbury (pref.) 5 16 0 6 0 0 Gear 4 N.Z. Refrigerating 1 0 9 — (£1 paid) . . . N.Z. Refrigerating 1 0 7 1 0 il (10/- paid) . . 0 9 10 0 10 0 Woollens— Kaiapoi (17/- pd.) 0 15 11 0 16 6 Kaiapoi (?/- paid) 0 6 5 0 6 8 Kaiapoi (pref.) . . 0 19 0 1 0 0 Mosgiel 10 0 0 12 0 0 Coal— Westport i i 6 1 2 8 Stockton (pref.) 0 3 0 0 3 6 Gas— Auckland (c. div.) 1 6 3 Timaru (contr.) 1 2 3 — Breweries— New Zealand (ex div.) 2 13 0 2 14 0 Staples 1 13 6 1 15 3 Timaru 0 12 0 — Timaru (7/6 paid) 0 8 10 0 9 1 Tooths 2 14 9 2 15 0 White Star .... — 0 8 0 Miscellaneous— Amalg’td. Wireless (contr.) .... 1 18 0 2 0 0 Anthony Hordern Associated News0 19 11 1 0 2 papers 1 2 9 1 3 6 Australian Glass . Aust. Iron & Steel 3 10 6 3 11 0 (pref.) 1 4 4 1 4 7 Beath and Co. . . Beath and Co. (1/1 10 0 1 12 0 paid) Booth, Macdonald 0 9 6 0 10 6 (pref.) 0 2 0 British Tobacco Broken Hill Pro1 19 7 2 0 0 prietary . , 2 18 9 2 19 3 G. J. Coles .... 3 1 3 3 2 9 Claude Neon (N.Z.) 2 1 0 2 2 3 Claude Neon (Syd) 2 9 0 2 12 6 Colonial Sugar . . 44 2 6 44 15 0 Consolidated Brick 0 10 5 0 10 8 Dom. Fertiliser . . Dunlop Ferdriau 1 3 3 1 5 0 Rubber .... Electrolytic Zinc 0 15 11 0 16 0 (ord., c. div.) Electrolytic Zinc 1 7 6 1 8 2 (pref., c. div.) . 1 14 L0 1 15 6 Evans Atlas Flour Oreater Crystal 1 0 0 1 10 0 Palace .... 0 6 0 0 12 6 Henry Jones Co-op Hay’s, Ltd, (15/0 16 9 0 19 0 paid) 0 16 9 0 19 0 Howard Smith . . 0 16 4 0 16 7 Hume Pipe (Aus.) 0 34 8 0 15 Kauri Timber . . 1 1 11 1 2 0 Mason, Struthers (£1 paid) . . . 0 13 0 0 16 0 Milburn Lime . . . Manawatu Knit- — :'>/r 2 7 3 ting Mills . . . N.Z. F a r m e r s’ 1 16 6 1 17 6 Co-op. (1st pf.) N.Z. F a r m e r s’ 3 0 0 3 9 0 . Co-op. (“A” pf.) N.Z. F a r m e r s’ 1 9 6 — Co-op. (45 p.c. Stock, 1940) . . 85 10 0 88 0 0 N.Z. F a r m e r s' Co-op. <44 p.c. Stock, 1945) . 85 10 0 88 0 0 Quill Morris (in liquidation) . . 0 3 9 0 4 6 Wilson’s Cement. . Woolworths (N.Z.) 1 17 9 1 18 9 ord. . . . 12 7 0 12 10 0 Woolworths (Syd.) 2nd pref. . . . — 1 8 0 Mining— ■i • Alexander .... Alexander (15/0 14 0 0 15 0 paid) 0 12 7 0 13 0 Bendigo Goldlights 0 0 9b 0 1 0 Big River . . . 0 1 9 0 2 0 Brian Boru . 0 0 2 0 0 3 Central Shotover . 0 0 1 0 0 5 Charleston .... 0 0 6 Gillespie’s Beach . 0 1 5 0 1 6 Golden Dawn . . . 0 1 9 ■jp — Golden Point . . . 0 0 0. 0 1 Golden Sands . . — ft. 2 10 Goldfields Dredging 0 0 2b 0 0 3 King Solomon . . 0 3 9 0 3 11 Lawson’s Flat . . 0 0 34 0 0 41

Maerewhenua . . 0 0 11 0 0 21 Mahakipawa . . . Mahakipawa (prel. 0 0 5 0 0 6 1930 issue) . . . 0 10 Maori Gully .... 0 1 41 0 1 5i Mataki Mossy Creek (c. 0 1 10 0 2 0 div.) 0 2 3 0 2 6 Mount Lyell . . . 0 19 8 1 0 0 Mount Morgan . . 1 16 10 1 17 0 Nokomai — 0 2 0 Okarito — 0 5 10 Rawang Tin . . . 0 7 1 0 7 3 Skippers 0 0 2 0 0 21 Waihi 1 17 6 1 18 6 Grand Junction . 0 3 10 0 4 3 Worksop Extended 0 2 2i 0 2 5 Unlisted Stocks All transactions in stocks quoted in tilts section are subjecl to a different rate of brokerage from Listed Stocks and are not quoted List. on the Official Buyers. Sellers Xnderson’s. Ltd. £ s. d E s. a (pref.) — 10 0 Argo Gold .... -VsoCiated Motor0 1 4 0 1 5 ists Petrol (pf.) 1 5 0 1 7 0 Ben Ledi (1/- pd.) Coulls, Somerville 0 0 4 and Wilkie . . . — 0 15 0 New River i9d pd.) N.Z. Dry Cell and 0 0 5 Battery .... N.Z. Drv Cell and 0 17 0 Battery (pref.) N.Z Mining Invest10 0 ment N.Z. Perpetual For- “ 0 0 9 ests N.Z. Perpetual For6 6 ests (4/- paid) Procera Bi sad 0 10 0 (10/- paid) . . Procera Bread 2 2 0 2 11 0 (vendors’ shrs.) E. Reece, Ltd. (pref 2 0 0 2 10 0 cum. div.) . . • Upper Watut (30 3 1 paid) Westland Brewer0 5 0 0 5 3 ies vVoolworths (Syu.) 0 10 0 ord 4 12 0

Quotations: — Copper— £ s ct. Standard 9 Forward u Electrolytic 0 to .. .. i. .. *. 0 Wire Bars 0 Lead— Spot . .... 6 Forward 9 Spelter— Spot 5 Forward 6 Tin— Spot 6 Forward 9 Silver— Standard, per oz. .. 30 3 Ij Fine -. . - Hi