COMMERCIAL

Timaru Herald, Volume CXL, Issue 20261, 9 November 1935, Page 19

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Timaru Herald " CHRISTCHURCH, November 8. The following quotations were ruling when the Stock Exchange closed lor

Mount Morgon . . 117 8 117 10 Nevis Diesel Elec. . 0 0 1 Upper Watut (4/paid) 0 6 9 Skippers 0 0 21 0 0 23 Upper Shotover paid) 0 0 3 Waihi Investments 0 17 3 Waihi G. Junction 0 3 10 0 4 4 Worksop Extended (cum div.) ... 0 2 3 0 2 8 Unlisted Stocks All transactions in stocks quoted in this sec '.on are subje to a different rate of brokerage from the listed stocks and are not quoted on the Official List. Buyers. Sellers £ s. d. £ s. d. Andersons, Ltd. (pref.) Argo Gold .... 0 011 012 Assoc. Motors Petrol (pref.) ... 120 160 Ben Led! (1/- pd.) 0 0 SS Ch-Ch. Press 10 10 0 10 17 6 Emperor Fiji (10/paid) ..... 120 129 Irowat (2/6 paid) 0 2 6 Macetown .... New River (1/ paid) 0 0 3 N.Z. Mining Investments ... 0 0 51 0 0 9 N.Z. Perpetual Forests .... 3 2 0 Smith Wylie ... 0 6 9 South Seas Fishing. 0 9 0 Tiproff Seal ... 2 4 0 214 0 Suckling Bros. . . 7 10 0 Westland Breweries 0 8 6 011 3 vVoolworths iSyd.) (ord.) 5 12 0 5 13 0 Woolworths (West Australia) ... 8 10 0 9 10 0 YESTERDAY’S SALES By Telegraph—Press Association AUCKLAND. November 8. Sales on ’Change.—Stock, 1939-43, 31 per cent, £lO2/15/-; 15/1/40, 4 per cent, £lOl/15/-; Auckland City, 1/1/44-58, 41 per cent., £106; Commercial Bank of Australia, 16/6; E„ S. and A. Bank, £5/6/9; National Bank of New Zealand, 73/-; Bank of New Zealand, 50,6; Reserve Bank, £6/3/- (2); New Zealand Insurance, 63/3, 63/4; Auckland Gas, 25/4; Union Steam (pref.), 27/6; Kauri Timber, 23/6 (2), 23/9; New Zealand Breweries, 53/-; Anthony Hordern, 19/3; British Tobacco, 40/-; Claude Neon (Syd.), 50/-; Con. Brick, 9/4; Dunlop Perdriau, 16/6; Farmers’ Trading, 7/2; G. J. Coles, 65/6; New Zealand Newspapers, 41/-; Sanford, 2/9; Martha, 21/6; Mataki, 2/4; Mt. Lyell, 21/3 (2); Mt. Morgan, 38/-. Unofficial List.—Auckland Trotting Club, 1/4/39-44, 61 per cent., £100; New Zealand Woolpacks, 13/-; Woolworths (Syd.), £5/13/-; Waikouomiko, 1/4. WELLINGTON, November 8. Sales on ’Change.—Bank of New Zealand, 50/9; Union Bank, £9/10/(2); Wellington Trust and Loan, £5/10/-; New Zealand Refrigerating (con.), 10/11 (2); New Zealand Breweries, 53/- (2); Broken Hill Proprietary 58/-, 57/6; D.I.C. (pref.), 23/-; Electrolytic Zinc '(pref.), 38/3; New Zealand Newspapers, 41/-; Wilson’s Cement, 44/-; Broken Hill Proprietary (5/- paid), 28/9; G. J. Coles, 65/9; King Solomon, 3/4; Mount Morgan, 3- ’- (3). Unofficial. Woolworths (Sydney), £5/12/-. CHRISTCHURCH, November 8. Sales on ’Change.—4 per cent Stock, 1937-40, £lOl/17/6; Commercial Bank of Australia, 16/5 (2) ; Dalgety and Co., £B/1/6; New Zealand Breweries, 13/- (2), 52/10, 52/9; Anthony Hordern, 19/-, 19/1; Kauri Timber (cum div.), 23/7; Maori Gully (cum div.), 1/11; Mataki, 2/4; Mount Lyell (cum div.), 21/2 (3), 21/1 (3), 21/-; Mount 'organ, 37/9 (5). Sales Reported.—Bank of New South Wales (cum div.), £33/2/6; South British Insurance, 89/-; Dalgety and Co., £3/2/6; Kauri Timber (cum div.), 23/6; New Zealand Newspapers, 41/- (2), 40/9; Mount Morgan, 37/9. DUNEDIN, November 8. Sales on ’Change.—Bank of New Zealand, £2/10/9; Union Bank, £9/9/-; New Zealand Breweries, £2/13/-; Okarito, 5/-; Skippers, 25d; 4 per cent Bonds, 1937-40, £lOl/12/6. SYDNEY STOCK EXCHANGE United Press Association—By Electric Telegraph—Copyright (Received November 8, 9.0 p.m.) SYDNEY. November 8. General industrial shares met a strong market on the Stock Exchange to-day, but prices underwent little change. Colonial Sugar shares eased owing to the chairman’s remarks yesterday as to the specific purpose of the bonus dividend. Morning sales: 4 per cent. Bonds, 1938, £103; Bank of New South Wales, £33/10/-; Toohey’s Brewery, 31/-; Tooths Brewery, 59/6; Anthony Hordern (pref.), 73/6; Dunlops, 16/105; Howard Smith, 19/-. Afternoon sales: Bank of New South Wales, £33/10/-; Colonial Sugar, £4O 10/-; Mercantile Mutual Insurance, 28/3; Associated News, 24/75; ditto (pref.), 24/3; Automatic Totes, 20/45; Australian G.v: (B), £7/16/1; British Tobacco, 40/3; Tooth’s, 59/3; Toohey’s, 31/-; Australian Glass (ex div.), 86/-; Dunlop Pr driau. 16/105; Hedstroms, 24/6; Henry Jones, 37/75; David Jones. 40/6; Horderns. 19/4; General Industries, 20/H; Amalgamated Textiles, 11/6; Mangrovites, 15/3; Mauri Bros., 50/6; Cumberland Paper, 33/6; Peters, 42/6; Permanent Trustee, 17/3; Garratts (pref.), 25/-; J. Feilding, 76/-; Clifford Love, 52/-; Mt. Morgan, Tl/llMt. Lyell, 21/9; Broken Hill Proprietary, 58/9; South Broken Hill, £5/4/6; Zinc Corporation, 71/-; Rawang 9/-; Larut, 12// Koroere Gold, 16/3; Emperor, 22/-; Tavua, 4/10. Melbourne sales: Commercial Bank of Australia, 16/9; Australian Iron and Steel (pref.), 25/3; Herald and Times, 64/-; Electrolytic Zinc, 35/9; Coles, 65/9; Mt. Lyell, 21/75; Mt. Morgan, 37/105; Emperor, 22/3; Koroete, 16/-; Loloma, 39/6; Enterprise, 72/6. DAIRY PRODUCE Dalgety and Company Ltd. have received the following advice from their London office Butter: Rather more inquiry this end of week. Danish f.o.b. 102/- to 103/-; New Zealand 99/-, to 100/-; Australian unsalted 100/- to 104/-; Australian salted 99/- to 100/-; Australian g.a.q. 95/- to 96/-, Cheese: Rather more inquiry this end of week. New Zealand white and coloured 49/- to 50/-; Canadian white and coloured 56/- to 60/-. PRICE OF GOLD Onlted Press Association—By Electric TelegraDh—Copyright I ONDGV, November 7. The current price of gold is 141/5* an ounce.

PRODUCE MARKETS DUNEDIN By Telegraph-Press Association DUNEDIN, November 8. The milling wheat market Is unchanged with millers, who have yet to complete their purchases, prepared io accept the odd lots still available. The fowl wheat market is firm at 4/9 a bushel, sacks extra ex truck with 5/- to 5/3 ex store. T*h2 demand for oats is limited and little business is going through. A Gartons are worth 3/11 f.o.b.s.i. and B’s 3/9, equivalent to 3//3 and 3/- a bushel respectively in the country. Chaff is worth £5/10/- a ton, sacks extra, ex truck, and £6 sacks extra, ex store. The quotation for old potatoes is up to £ll a ton sacks included. Apart from the retail demand, wnic.h at this time of the year is fairly good, there is not much interest being shown in the seeds market. Prices remain unaltered with merchants confining their busiriess to purchasing lines to meet, where required, any additional retail demand. CHRISTCHURCH By Telegraph—Press Association CHRISTCHURCH, November 8. A number of consignment shipments of potatoes to Wellington have been arranged during the week. There appears still to be a market for old potatoes in Wellington, and though there have been no sales of any size, the price has risen since the beginning of the week to the equivalent of £7/10/- on trucks. Fowlwheat continues firm. Business is now being transacted on the basis of 4/8 a bushel f.o.b. for free. Orders have come in from Dunedin this week. The North Island seems to be scarce of feed grain, as shipments of maize from Africa and Barley from Australia have been made. The trade in small seeds is quiet, though there is a steady demand for retail business, mostly in small lots. Merchants are expecting a fair autumn trade. BRADFORD TOPS United Press Association —By Electric Telegraph Copyright LONDON, November 7. Bradford is firm; consumptoin is increasing; 70’s 33d, 64’s 31d. 60’s 29*d, 56 ? s 20*d, 50’s 15d, 46’s 12*d, 40’s lid. SHEEPSKIN SALE PRICES UP 10 PER CENT. At the sale of sheepskins conducted by the South Canterbury Woolbrokers’ Association, prices were fully 10 per cent, higher than those at the auction held on October 4. There was almost a full bench of buyers, and bidding throughout the sale was very animated, resulting in a complete clearance.

The' range of prices is as follows: d. Super half bred combing .. 10* Half bred combing 10 Super half bred 3-wool .... 9 Half bred and 3 -wool 8 Halfbreds— Threequarter wool 8 Half wool 7 Quarter wool 5b Threequarterbreds— Combing 8* Threequarter wool 73 Half wool 53 Quarter wool 4* Crossbreds— Combing 7* Threequarter wool 63 Half wool 5* Quarter wool .. 4 Hoggets— Halfbred 93 Threequarterbred 8i Crossbred 7 Merino— Threequarter to full wool.. 83 Half wool 53 Quarter wool 43 Dead and damaged—» Halfbred, i-wool 63 Halfbred half wool 6 Halfbred quarter wool .. .. 4* Threequarterbreds— Threequarter wool 53 Half wool 4* Crossbreds— Threequarter wool 5 Half wool 43 Quarter wool 33

DALGETY AND CO., LTD. Dalgety and Co. Ltd. have received advice from the company’s head office in London that at the annual meeting to be held on November 21, the directors recommend declaring a final dividend of 21 per cent., making, with the interim dividend already declared, 5 per cent, for the year ended June 30 last. The dividend will be payable on November 28. The directors propose transferring £IO,OOO to the staff provident fund and carrying forward the sum of £116,300. FOREIGN EXCHANGE RATE The Bank of New South Wales, Christchurch, quoted the following rates as ruling yesterday for its sales and purchases of foreign exchange. The rates are subject to alteration without notice:

the day:— Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.— 4 p.c. Inscr., 193740 101 15 0 102 2 6 Other Debs.— Booth Macdonald, 6* p.c., 1937 . . 65 0 0 — N.Z. Refrigerating, - . 41 p.c., 1940-45 — 102 0 0 Banks— Australasia . ... 11 0 0 Comm, of Aust. Comm, of Aust. 0 16 5 0 16 8 (pref.) .... 9 11 0 9 15 0 Comm, of Sydney National of A’asia. 17 19 0 (£10 paid, cum div.) 13 15 0 14 0 0 National of A’asia (£5 paid, cum div.) 6 12 6 6 13 3 National of N.Z. . New South Wales 3 12 0 3 13 0 (cum div.) . . . 32 12 6 33 5 0 U ion of Aust. . . 9 7 6 9 11 0 Insurance — National (c. div.) 0 19 1 0 19 6 South British . . . 4 8 3 4 12 6 Loan & Agency— Dalgety and Co. . 8 2 0 Goldsbrough Mort. National Mortgage i 11 2 1 11 9 Corporation . . — 2 14 6 N.Z. - Guarantee Corporation . . 0 5 i — N.Z. Loan & Merc. (ord.) 35 10 0 36 10 0 Shipping— Huddart - Parker (pref.) — 1 12 0 Union P. and O. Deferred 1 7 9 Stock 1 3 0 — Frozen Meat— Canterbury (pf.) . N.Z. Refrigerating — 6 10 0 (£1 paid) . . . N.Z. Refrigerating 1 1 10 1 2 4 (10/- paid) . . 0 10 10 0 ii 0 Southland .... 3 18 0 4 0 0 Wool: ms Manawatu Knitting Mills 2 0 4 2 1 0 Oamaru — 2 2 6 Kaiapoi (17/- pd.) 0 13 6 0 14 6 Coal— Westport 1 2 6 1 2 11 Stockton 0 1 4 — Stockton (pref.) . 0 2 6 0 3 0 Gas— Christchurch . . . 1 14 6 1 15 9 Timaru — 1 3 0 Breweries — New Zealand . . . 2 12 8 2 12 10 Swan Timaru (7/6 paid, 6 5 0 ex div.) .... 0 7 6 0 9 2 Miscellaneous— Alli.ed Motors . . . Ama'g. Wireless — 0 3 3 (contr.) 1 10 0 — Anthony Hordern Aust. Iron & Steel 0 19 0 0 19 2 (pref.) 1 4 7 1 4 11 Beath and Co. . . Beath and Co. 1 7 6 1 9 0 paid) — 0 7 11 British Tobacco Broken Hill Pro1 19 3 2 0 0 prietary (e.d.) . Broken Hill Propty. 2 17 4 2 17 8 (5/- paid) . . . 1 8 0 i 8 3 Claude Neon (N.Z.) — 2 2 6 Consolidated Brick Dominion Builders’ 0 9 3 0 9 4 Supplies .... 0 4 0 0 5 6 Dom. Fertiliser . . Dunlop Perdriau 1 3 9 ~ Rubber .... Electrolytic Zinc 0 16 7 0 16 8 (pref.) 1 18 2 1 18 11 Evans Atlas Flour — 1 10 0 G. J. Coles .... 3 5 0 3 5 3 Gordon and Gotch Greater Crystal 2 0 0 ~ Palace 0 4 6 0 11 6 Howard Smith . . Kauri Timber (c. 0 18 9 0 18 11 div.) 1 3 7 1 3 9 Morris Hedstrom (cum div.) . . . 1 3 9 — N.Z. Drug .... N.Z. F a r m e r s’ 3 17 6 3 18 6 Co-op. (£2/10/paid) 0 5 0 0 15 0 N.Z. F a r m e r s’ Co-op. (10s pd.) — 0 0 3 N.Z. F a r m e r s’ Co-op. (1st pf) N.Z. F a r m e r s’ - 3 15 0 Co-op. ("A” pf.) N.Z. F a r m e r s’ i 15 0 2 7 6 Co-op (“B” pf) N.Z. Farmers’ 1 11 0 1 15 0 Co-op. (4$ p.c. Stock, 1940) . . 85 0 0 86 10 0 N.Z. F a r m e r s’ Co-op. (4i p.c. Stock, 1941) . . 85 0 0 N.Z. F a r m e r s’ Co-op. (4 h p.c. Stock, 1945) . . 85 0 0 85 5 0 N.Z. Farmer s' Fertiliser .... 0 19 3 0 19 9 N.Z. Newspaper . 2 0 10 2 1 0 N.Z. Paper Mills . — 1 8 10 Procera Bread . . Procera Bread 1 12 0 2 0 3 (vendor) .... 1 10 0 — Quill Morris (in liquidation) . . Taupo T o ta r a 0 6 0 0 7 0 Timber 0 7 9 0 8 4 United Provisions Whitcombe and 0 12 1 0 12 11 Tombs 3 12 6 3 16 0 Woolworths (N.Z.) ord 5 14 0 5 17 6 Woolworths (N.Z.) pref Woolworths (Syd.) 1 18 6 2 0 0 2nd pref. . . . Woolworths (Vic.) 1 7 6 (pref.) .... — 1 10 0 Mining— Addison’s Flat . . 0 1 6 Alexander Alexander (15s 0 11 0 paid) Antonio’s Hyd. (9d 0 11 0 0 14 6 — 0 0 9 Big River .... 0 1 95 0 1 11 Blackwater . . . — 0* 1 12 6 Brian Boru . . . 0 0 • 0--0 2 Bundi. — 1 0 6 Central Shotover —*!' ■- 0 0 2 Gillespie’s Beach . 0 1 0 0 1 u Golden Sands . . Goldfields Dredg0 2 4 0 2 8 ing 0 0 21 0 0 3J Kildare 0 2 1 0 2 ii King Solomon . . 0 3 3 0 3 6 Lawson’s Flat . • — 0 0 32 Maerewhenua . . 0 0 1 0 0 2 Mahakipawa . . . Mahakipawa (pf., 0 0 0i 0 0 1 1929) Mahakipawa (pf., 0 0 li — 1930) 0 0 li 0 0 21 Maori Gully (cum div.) Mount Lyell (cum 0 ,1 n div.) 1 i 0 1 1 1

Buying. Selling. London— £ N.Z. to £100 St. T.T. 124 124/10 O.D. 123/10 124/8/9 Australia— £ A. to £100 Z. T.T. 101 100/10 O.D. 101 100/10 Fiji— £ P. to £100 N.Z T.T. 90/7/6 8C O.D. 90/7/6 89 New York— Dil. to £1 N.Z. T.T. 3.98s 3.941 O.D. 3.99S 3.945 Montreal— Dol. to £1 N.Z. T.T. 4.021 3.988 O.D. 4.038 3.981 Prance — Frcs. to £1 N.Z. T.T. 60.63 59.33 O.D. 60.93 59.38 Germany— Reichmarks to £1 N.Z. T.T. — 9.618 O.D. — 9.623 ItalJ— Lire to £1 N.Z. T.T. — 48.04 O.D. — 48.08 Japan— N.Z. d. to 1 yer. T.T. r17 11-16 O.O. — 17 43-64 India & Ceylon— N.Z. d. to 1 dol. T.T. 228 22 23-32 O.D. 221 22 21-32 Singapore— N.Z. d. to 1 dol. T.T. 388 35 5-16 O.D. 34i 351