COMMERCIAL

Timaru Herald, Volume CXL, Issue 20217, 19 September 1935, Page 16

COMMERCIAL

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

YESTERDAY’S SALES

By Telegraph—Pres? Association AUCKLAND, September 18. Sales on ’Change.—Stock, 1939-43, 35 per cent., £103; Commercial Bank cf Australia, 16/6 (2); Bank of New Zealand 50/10; New Zealand Insurance, 63/6; South British. 93/3; Farmers' Co-op. Auctioneering (£5 paid). 80/-; Mortgage Corporation, 6/1; Renown Coal 9/10; New Zealand Breweries, 51/3; Broken Hill Proprietary, 65/9; Farmers’ Trading (B pref.), 14/2 (2); His Majesty’s Theatre (pref.), 20/6; K.D.V. Boxes (10/- paid), 10/6; New Zealand Refrigerating, 20/10; Golden Dawn, 2/10 (2); Matai, 1/101, 1/10, 1/101; Waihi, 36/9; Mount Morgan, 38'3. Unofficial List.—Woolworths (Syd.), £5/5/- (2), £5/4/- (2) ; Emperor, 27/6; Mount Morgan Development, 3/9. WELLINGTON, September 18. Sales on ’Change.—Stock, 31 per cent, 1938-43, £103; 4 per cent, 1946, £lO7/2/6; 1949, £lO9/17/6 (2); Consolidated Brick, 10/11; New Zealand Drug, 83/-: Gillespie’s Beach, 1/01. Unofficial—Bonds Hosiery Mills, N.Z., 20/9.

CHRISTCHURCH. September 18. Sales on Change.—Commercial Bar of Australia) pref.), £9 10,-; Comme cial Bank of Sydney. £18; Dunlop Per< riau Rubber. 14/1, 14 4; New Zealar Newspapers, 40 -; Golden Sands, 2-’i Kildare. 3 -; King Solomon (cum div. 3 6 (2); Mahakipawa. 2.’d. 2!d (4), 2)1 Mt. Lyell. 18/11 (3>; Mt. Morgan, 33 (2), 37'9. Unlisted Stocks.—Argo Go!d. 1 4. 1 / Sales Reported.—Mt. Lyell. 18 2; Ne Zealand Newspapers. 40 6 <2>; Ne Zealand Refrigerating (10 - paid 10/-; Commercial Bank of Australi 16 6; Electrolytic Zinc (ord.), 29/-. Unlisted Stocks-Emperor Fiji (10 paid), 27 6; Woolworths (West Austn lia), £B/10/-. DUNEDIN, Seotember 18. Sales on ’Change.—New Zealand R< frigerating icont.i. 10- (3); Woo worths (Sydney), £5 5 - 12); Bendif Goldiight, 6id; 4 per cent Bonds, 193’ 40, £lO2. SYDNEY STOCK EXCHANGE United Press Association-By Electric Tel**craDh Copyright (Received September 18, 8.40 p.m.) SYDNEY, September 18. On the Stock Exchange to-day ir vestment values showed a downwai trend. Banks were more active bt there was only restricted trading i gold shares in a slightly weaker mat ket. Sales:— Bank of New South Wales, £33 Commercial Bank of Sydney (New Zea land delivery). £lB/6/-; Commercit Bank of Australia, 16/101; Colonii Sugar, £44; Bank of Australasii £ll/15/-; United Insurance, £l2/15/South British, 95/-; Associated New 21/9; ditto (pref.), 23/-; Howar Smith. 18/6; Huddart Parker, 40'S Australian Gas (A and B), £7/14/British Tobacco. 39/108; Tooths, 55/Australian Glass. 83-9; Dunlop Per driau, 14/5; Winchcombe Carson, 30/78 Wilcox Mofflin, 10/9; Henry Jone 37/-; Elder Smith, £B-8/-: Spencer 7/10; Nicholsons, 9/6; Broomflelds. 8/* Hoyts (B pref.), 13/6; General In dustries, 18/108; Warbuton Frank! 19/-; Broken Hill Proprietary, 66/South Broken Hill, 95,'-; North Broke: Hill. £7/8/6: Kuala Kampar, 13/3 Placer Development, £5/7/6; Peninsul: Tin, 24/-; Mt. Paris Tin, 4/9; Brissei Tin, 4/2; Koitaki Rubber, 4/9; Tavus 12/-; Mineral Development, 6/9; Com monwealth Bonds (all 4 per cent.] 1938, £lOl/15/-; 1941. £lO2 2'6; 194/ £lO2/15/-; 1955. £102; 1961, £lOl/7/6. Melbourne sales: Commercial Ban: of Australia, 16,9; ditto (pref.), £9/9/G. J. Coles, 68.'-; Nestles (pref.). 35'9 Mt. Lyell, 19/3; Emperor, 28/108 Loloma, 50/-; New Morobe, £l4.

BURNSIDE SALE

BULLOCKS SELL TO £l7/5/By Teleeraph - Pres* Association DUNEDIN, September 18. A yarding of 311 fat cattle was for ward for to-day’s Burnside sale. Prim heavy cattle were keenly competed for but anything lacking quality was neg lected and prices for this class showet a decline of 10/- a head. Towards th close of the sale the drop was evei more pronounced. A pen of extn heavy* prime bullocks from South Otag! realised £l7/5/- a head, the highes price obtained at Burnside for somi time. . In the store cattle section, 106 heat were yarded. No quotable lines o. steers were forward. Vealers, whicl were In short supply, sold well anc grazier and boner cows realised lati rates. Only 30 dairy cows of medium quality were forward. The demant was slack, the best price being £5. Oi( and backward sorts were not required In the sheep section there was i small yarding of 1139. The entry included a few consignments of heavy wethers, but the bulk comprised heav; ew'- and a sprinkling of lighter sorts Competition was keen and prices showed a rise of 2/6 a head for heavy wethers and 3/- for heavy ewes. Toj price for wethers was 40 3. Over th< last frw races, however, the market declined to the level of the prvious sale Thirteen spring lam:s were offered The qualitv was only fair and price! were slightly easier. Top price wa: 24/-. Only 99 fat pigs were forward and s good sale resulted. Baconers sold t< £4/2/-, and porkers met with an improved market, values for these appreciating from 3/- to 5/- a head compared with the previous sale. In th< store pig section, 111 were penned. Witt this larger yarding, values were easier Good stores sold to 20/-. STUDHOLME SALE There was a dragging sale of stock at Studholme yesterday. Many of thi entries were of a nondescript sort. Th( lack of feed owing to dry weather anc frost was evident. Sales were:— Cattle: Dairy cows 25 - to £5, stor< cows to 32/6. steers to £4/2/6, bulls tc £2/12/6. Sheep: Ewes and lambs to 11/6, hoggets to 24/9. fat wethers to 24/6, wethei hoggets to 16/3. Horses: 1 draught "olt at £26/10/-, ] filly at £26 10/-. 2-year colt at £27, 1 2-year-old gelding at £2B. 1 2-year-olc filly at, £2l, 1 mare at £l6. FOREIGN EXCHANGE RATE. The Bank of New South Wales Christchurch, quoted the following rates as ruling yesterday for its salei and purchases of foreign exchanges All rates are subject to alteratior without notice:— Buying. Selling. London — £ N.Z. to £IOO St. T.T. 124 124/10 O.D. 123/10 124/8/i Australia—- £ A. to £IOO N.Z. T.T. 101 100/10 O.D. 101 100/10 Fiji—- £ F. to £IOO N.Z. T.T. 90/7/6 89 OD 90/7/6 89 New York— Dol. to £1 N.Z. T.T. 3993 3.958 OD. 4.001 3.953 Montreal— Dol. to £1 N.Z. T.T. 4.018 3.971 OD. 4.021 3981 France— Frcs. to £1 N.Z. T.T. 60.84 59.54 OD. 61.14 59.598 Germany— Reichmarks to £1 N.Z. T.T. O.D. Italy— Lire to £1 NZ. T.T. ’ O.D. Japan— N.Z. d. to 1 yen T.T. O.D. India & Ceylon— N.Z. d to 1 dol. T.T. 22i 22 23-3: O.D 228 22 21-3 Singapore— N.Z. d to 1 do’ T.T. 34M-32 3Jf 32 O.D. 317-32 35'■-32 (Continued on Page 11.)

the day:— Buyers. Sellers £ S. d. £ s. d. N.Z. Gov't. Debs.36 p.c., Inscr., 193852, 1939-52 . . . 103 17 6 — 3£ p.e. Inscr., 193943 — 103 10 0 33 p.c. Inscr., 1941 . 102 10 0 — 4 p.c. Inscr,, 1933740 101 15 0 102 5 0 4 p.c. Inscr.. 195255 — 112 5 0 4 p.c. Bonds, 193740 102 0 0 — Banks— Adelaide 5 16 0 — Comm, of Aust. . 0 16 5 0 16 6 Comm, of Aust. pref. 9 10 0 9 11 f E. S. and A — 5 8 6 National of A./asia (£10 paid) . . . — 13 18 9 National of A/asia (£5 paid) . . . — 6 16 6 National of N.Z. . 3 11 0 — New South Wales 32 0 0 — New Zealand . . . 2 10 4 2 10 Reserve — 6 10 0 Insurance— A.P.A 1 2 4 — National — 1 0 6 Queensland . — 3 0 0 Standard .... — 3 11 9 Loan & Agency— Dalgety and Co. . 8 6 0 8 12 0 Goldsbrough Mort. — 1 11 9 National Mortgage “A” — 2 14 6 N.Z. Guarantee Corporation . . 0 5 2 0 5 3 N.Z. Loan & Me'c. (ord.) .... 36 0 0 — Permanent Investment .... — 10 10 0 United Building Society .... i i 3 1 3 0 Wright Stephenson and Co. (ord.) . 1 0 0 Wright Stephenson and Co., pref. . 1 0 1 1 0 5 Mortgage Corpn. . — 0 6 3 Shipping: — Huddart - Parker (pref.) 1 8 0 1 10 0 Frozen Meat — Canterbury .... 10 0 0 10 10 0 Do., pref 6 2 6 6 6 0 N.Z Refrigerating (£1 paid) . . . i 0 9 — N.Z Refrigerating (10/- paid) . . 0 10 0 0 10 2 North Canterbury Freezing .... 1 1 0 — Southland .... 3 18 0 4 5 0 Woollens — Bruce 0 14 0 — Kaiapoi (17/- pd.. ex div 0 13 0 0 14 7 Kaiapoi (7/- paid. ex div 0 4 9 — Kaiapoi, pref, ex div 0 18 6 — Mosgiel 9 10 0 10 12 0 Manawatu Knitting — 2 2 0

Coal— Westport — 1 2 6 Gas— Christchurch . . . 1 13 3 1 14 9 Timaru 1 2 0 — Breweries— Dominion .... 0 16 0 Carlton 2 9 6 2 10 6 Monteiths — 1 0 0 New Zealand . . . 2 n i 2 12 1 Staples — 1 14 0 Timaru — G 13 6 Timaru (7/6 paid) 0 8 9 — Tooths Warn (in liquida2 14 3 2 14 10 tion) 0 0 3 0 2 2 Miscellaneous— Amalg. Wireless (contr.) .... — 2 0 0 Anthony Horden . 0 19 2 0 19 6 Aust. Glass .... Aust Iron & Steel 4 2 3 4 3 0 pref 1 5 0 1 5 3 Beath and Co. . . . Beath and Co. _ 1 10 9 (1/- paid) . . . T> r iHr»h Tobacco 0 7 0 0 9 0 Aust., c. div. 1 19 3 i 19 8 Broken Hill Proprietary .... 3 5 7 3 5 u G. J. Coles .... Claude Neon 3 7 0 3 7 9 (N.Z.) 2 3 0 — Claude Neon (Sydney) .... — 2 12 0 Colonial Sugar . . 43 0 0 43 12 6 Consolidated Brick 0 10 10 0 u i D.I.C., pref Dunlop Perdriau 0 1 3 0 1 5 Rubber 0 14 1 0 14 2 Elec to lytic Zinc (ord.) 1 8 9 1 9 3 Electrolytic Zinc (pref.) Greater Crystal - 1 14 5 Palace Hay's Ltd. (15/0 5 6 0 12 6 paid) . ... 0 16 0 — Howard Smith . . 0 18 0 — Kauri Timber . . . Mason. Struthers 1 1 4 1 2 2 (£1 paid) . . . — 0 18 0 National Electric . N.Z. Drug Co. (cum 0 12 6 0 14 6 div NZ Parmer s’ — 4 3 5 Co-op. (£2/10/paid) 0 3 0 __ N.Z Parmer s' Co-op. (1st pf., cum div.) . . . 3 15 0 4 5 0 M Z. Farmers' Co-op (“A” pf., cum div.) . . . 2 7 0 2 17 6 N.Z P a r m e r s’ Co-op. <45 pc. S+ick, 1940) . . 88 10 0 N.Z Farmers’ Co-op. <45 DC. Stock, 15/1/41) 83 15 0 87 0 0 N.Z F a r m e r s’ Co-op <45 p.e Stock, 1945) . . 83 10 0 86 10 0 N.Z. Newspapers . Quill Morris (in 2 0 2 2 0 9 liquidation) . . 0 3 10 0 4 10 Procera Bread (ord.) — 2 2 6 Procera Bread (vendor) .... 1 10 0 2 2 6 Taupo Totara Timber — 0 7 ii United Provisions . 0 9 2 — Victoria Nyanza Whitcombe and 0 6 0 Tombs ..... 3 15 0 3 18 3 Woolworths (N.Z.) ord 5 2 0 5 16 0 Woolworths (N.Z.) pref 1 16 0 2 1 0 Woolworths (Sydney), 2nd pref.) Woolworths (Vic.) - 1 8 10 0 pref — 1 0 Mining— Alexander (15/13 9 paid) 0 7 9 0 Bendigo Goldlights 0 0 55 0 Big River .... 0 1 105 0 Blackwater .... — Brian Boru .... 0 0 2 0 0 3 Deep Lead .... 0 1 4 0 1 Gillespie’s Beach . 0 1 1 Glenroy — Golden Point . . — 8 10 Golden Sands . . Goldfields Dredg0 2 0 0 2 0 0 3 Loloma (3/- paid) 2 2 0 3 12 0 Kildare Kins Solomon (c. 0 3 — 0 3 7 Lawson’s Flat . . 0 0 35 0 0 5 Maerewhenua . . . 0 0 1 0 Mahakipawa . . . Mahakipawa (pref.. 0 0 2* 35 0 n 'i 1929 issue) . . 0 0 — Mahakipawa (pref. 35 1930 issue) . . 0 0 — Maori Gully .... 0 0 10 0 1 1 Mining House Concessions .... 0 0 05 0 0 8 0 18 Mount Lyell .... Mount Morgan (c. 0 13 2 0 4 18 div.) 1 17 9 1 Mount Morgan De8 velopments . . . 0 2 6 N' i Diesel .... 0 0 05 9Nokomai . . • • - — 6 Okarito 0 4 0 Rawang Tin . • . 0 7 8 8 Skiopers 0 0 22 Waihi Grand Junction . . 0 3 3 0 4 Waitahu .... Worksop Extended 0 (cum div.) . . . Waimumu Sluicing Unlisted Stocks All transactions in stocks 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.) Argo Gold .... Emoeror Fiji GO/0 0 12 1 0 0 1 0 1 3 paid) i 5 6 1 Golden Gully . . ■ N.Z. Mining Investment .... Regent Theatre 0 0 (Ch.Ch.) . . . • 0 5 South Seas Fishing 0 8 6 0 10 TTpper Watu. (3/— paid) 0 7 3 0 7 6 White’s Electric . Were's Investment 0 Trust (c. div.) N hs , tSyd.i 0 4 6 5 6 (ord.) 5 5 0 5 7