COMMERCIAL

Timaru Herald, Volume CXL, Issue 20283, 5 December 1935, Page 14

COMMERCIAL

YESTERDAY’S SALES By TeleeraDh Press Association AUCKLAND, December 4. Sales on ’Change.—Bonds, 15/1/40, 4 per cent, £lO2/5/-; 15/4/49, £105; 15/6/55, £lO7/10/-; Commercial Bank of Australia, 17/6, 17/9; National Bank of New Zealand, 72/-; Bank of New Zealand, 49/6; National Bank of Australasia (£5 paid), £6/15/-; Reserve Bank, £6; Australian Provincial Assurance, 20/3; National Insurance, 19 '?; New Zealand Insurance, 63/6, 63/71, 63/9; South British Insurance, 92/-; Dominion Investment and Banking, 16/-; Mortgage Corporation, 5/6; Renown Coal, 10/3; Westport-Stoekton, 1/9; Kauri Timber, 23/11; Dominion Breweries, 17/9 (3); British Tobacco, 39/3; Broken Hill Proprietary, 57/-; Morris Hedstrom, 24/6; New Zealand Newspapers, 42/11; Wilson’s Cement, 42/-; Woohvorths (N.Z.), £5/18/-; Martha, 19/6; Mataki, 2/2. Unofficial List—Waikato Carbonisation, £65; Argo, 1/3. WELLINGTON, December 4. Sales on ’Change.—Stock, 4 per cent. 1946, £lO4/10/-; Commercial Bank of Australia, 17/4, 17/7; Bank of New Zealand, 49/3, 49/4; Goldsbrough Mort., 31/6, 31/5 (3); Mortgage Corporation, 5/5; New Zealand Guarantee Corporation, 5/- (2); National Insurance, 19/5; New Zealand Insurance, 63/3; New Zealand Refrigerating, 22/-; New Zealand Refrigerating (cont,), 10/8 (s>; Kauri Timber, 24/- (2); British Tobacco, 39/-, 39/3; Consolidated Brick, 11/-; Electrolytic Zinc (pref.), 38/10; Procera Bread (vendor shares), 44/-; Woolworth (N.Z.), £5/17/6 (2), £5/18/-; Mossy Creek, 1/5; Waihi Grand Junction, 4/-; Mt. Lyell, 21/oi. DUNEDIN, December 4. Sales on ’Change.—Bank of New Zealand, £2/9/3; E., S. and A. Bank, £5/11/6; National Insurance, 19/7; Broken Hill Proprietary, £2/16/6; Woolworths (ord.), £5/17/6; Electrolytic Zinc (ord.), £l/14/4; Goldfields Dredging, 2Sd; Okarito, 5/6. SYDNEY STOCK EXCHANGE Onlted Press Association—By Electric Telegraph Copyright (Received December 4, 8.55 p.m.) SYDNEY, December 4. On the Stock Exchange to-day the trend of values generally was down-

wards. Buyers were inclined to be hesitant. Sales: Commercial Bank of Sydney, £lB 3/-; National Bank (£5 paid), £6/18/-; Associated News, 24/XdDS; Howard Smith, 18/6; Australian Gas A, £7/18/6; British Tobacco, 39/9; Tooths, 54/9; Tooheys, 3/3; Australian Glass, 84/6; Henry Jones, 37/6; Electrolytic Zinc (pref.), 39/9; Anthony Hordern, 19/9; ditto (pref.), 23/3; General Industries (pref.), 23/6; General Industries (rights), 6/3; Mt. Morgan, 35/9! Mt. Morgan Development, 3/11; Broken Hill Proprietary, 57/6; ditto, first instalment paid, 29/-; Broken Hill South, £5/19/-; Zinc Corporation, 17/6; Rawang Tin, 8/9; Placer Development, £5/6/-; Emperor, 18/9; Loloma 35/-; Koroere, 10/3. Melbourne.—Commercial „Bank of Australia, 18/2; National Bank (£lO paid), £l3/19/-; E.S. and A. Bank, £5 12/-; Electrolytic Zinc, 35/-; ditto (pref.), 39/3; Zinc Corporation, 77/6; Broken Hill Proprietary (first instalment paid), 28/9; North Broken Hill, £B/19/-; Broken Hill South, £5/19/-; Mt. Morgan, 36/-; Mt. Lyell, 21/-; Loloma, 37/9; Emperor, 18/10. 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:—

METALS MARKET Onlted Press Association —By Electric Telegraph —Copyright (Received December 4, 8.55 p.m.) LONDON, December 3. Quotations — Copper— £ s. d. Standard 35 9 41 Forward 35 18 15 Electrolytic 39 10 0 to .. 40 0 0 Wire Bars 40 0 0 Lead— Spot 17 5 0 Forward 17 5 0 Spelter — Spot 15 12 6 Forward 15 18 9 TinSpot 224 15 0 Forward 213 7 6 Silver — Standard, per oz 291 Fine .. 31 9-16 COLOMBO TEA AUCTION By Telegraph —Press Association DUNEDIN. December 4. L. M. Wright has received the following report on the Colombo tea auction of December 3: The market lor common and medium kinds remained steady at last week’s rates. Fine teas were slightly firmer with improved quality. The quantity to be auctioned next week is 2,000,0001 b, 500,0001 b less than at the last sale. NATIONAL BANK OF NEW ZEALAND By Telegraph—Press Association WELLINGTON, December 4. The general manager of the National Bank of New Zealand has received the following message from the London office: The board of directors order the payment of an interim dividend for the half year ended Septemoer 30 last at the rate of 4 per cent oer annum free of tax. LONDON WOOL SALES Dalgety and Company, Ltd., have "n----ceived the following advice from their London office: Wool market generally rather easier. MINING NEWS By Telegraph—Press Association WELLINGTON, December 4. The Stock Exchange Association has been advised by the Blackwater Mines of an interim dividend for 1935 of 1/-. and the Consolidated Goldfields a final dividend for 1935 of 6d a share, both tax free, payable on December 17 in British currency. TIN Onlted Press Association—By Electrlo Tel egra ph —Copyright LONDON, December 3. The world visible supplies of tin are; —13,577 tons, Straits carry over 1312 tons, supplies 10,632 tons, deliveries 9187 tons.

GERALDINE STOCK SALE MARKET FIRM Moderate entries were forward for the Geraldine Stock Sale, which was held yesterday at Geraldine Saleyards. About 15 pens of good quality fat sheep were forward, the sale being keen and every bit as good as Monday’s market at Pleasant Point. Store sheep sold freely and a poor yarding of pigs sold at values not quite up to late rates. Sales were: Fat cows, £2/2/6 and £5/17/6; springing hri f ers to £2/17/6; springing cows, 30/-; fat ewes in wool, 18/7, 20/4, 22/4, 23/4, 26/10, 28/10; fat ewes (shorn), 14/7, 17/10, 18/6, 22 10; 2-tooth wethers passed at 21/9; 2-tooth wethers sold at 16/1 and 17/-; ewes and lambs, 13/-, and passed 15/2; weaner pigs, 10/- to 14/6; slips, 15/- fo 20/-.

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to " The Ttmaru Herald " CHRISTCHURCH, December 4. The following quotations were ruling when the'Slock Exchange closed tor the day:

THE CURRENCIES United Press Association—By Electric Telecraph —Copyright LONDON, December 3. Currency quotations are:—Dollar 9.43 to the £; franc 73 13-16 to the £. THE PRICE OF GOLD ( United Press Association —Bv Electric J Telegraph—Copyrtebt LONDON, December 3.1 The current price of gold is 141*;. an ounce. M

Buying. Selling. London— £ N.Z. to £100 st. T.T. 124 124/10 O.D. 123/10 124/8/9 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. 101 89 New York— Dol. to £1 N.Z. T.T. 3.99 3.951 O.D. 4.001 3.955 Montreal— Dol. to £1 N.Z. T.T. 4.03S 4.001 O.D. 4.041 4.001 France — Frcs. to £1 N.Z. T.T. 60.77 59.47 O.D. 61.07 59.47 Germany— Reichmarks to £1 N.Z. T.T. — 9.638 O.D. — 9.643 Japan— N.Z. d. to 1 dol. T.T. — 17 5-8 O.D. — 17 39-64 India & Ceylon— N.Z. d. to 1 dol. T.T. 22 3-8 22 23-32 O.D. 22 1-4 22 21-32 Singapore— N.Z. d. to 1 dol. T.T. 38 3-8 35 5-16 O.D. 34 1-4 35 1-4

Buyers. Sellers. £ s. d. £ s. d. 3i p.c. Inscr., 193843 — 103 0 0 4 p.c. Inscr., 193740 102 0 0 102 7 6 4 p.c. Inscr., 194346 104 10 0 104 17 6 4 p.c. Inscr., 194649 104 12 6 4 p.c. Inscr., 195255 106 10 0 107 5 0 4 p.c. Bonds, 1940 105 0 0 — 4 p.c. Bonds, 1955 106 10 0 — Other Debs.— Lyttelton Harbour Board, 5i p.c., 1/6/53 .... — 106 10 0 Banks— Adelaide 6 5 0 Comm, of Aust. . Comm, of Aust. 0 17 6 0 17 7 (pref.) — 9 15 0 Comm, of Sydney — 18 0 9 E., S. and A. . . . National of A’asia. 5 9 0 (£10 paid) . . . National of A/asia 13 12 6 14 0 0 (£5 paid) . . . — 6 18 6 National of N.Z. . New South Wales 3 11 6 3 13 C (ex div.) . . — 33 0 0 New Zealand (cum div.) 2 9 0 2' 9 9 Reserve 5 18 6 5 19 0 Insurance— A.P.A i 0 4 National 0 19 6 0 19 3 New Zealand . , . 3 3 0 South British . . . 4 14 6 Standard .... — 3 10 0 Loan & Agency— Dalgety and Co. . Goldsbrough Mort 8 5 0 - (cum div.) . . . 1 11 3 1 12 0 Mortgage Corporation pd.) National Mortgage 0 5 4 0 5 6 “A” — 2 14 6 N. Z. Guarantee Corporation . . N.Z. Loan & Merc. 0 5 0 0 5 2 (ord.) — 40 0 0 Permanent Investment — 10 10 0 United Building Society .... — 1 1 9 Frozen Meat — Canterbury (c. d.) N.Z. Refrigerating 10 10 0 11 0 0 (£1 paid) . . . N.Z. Refrigerating 1 2 0 ~ (10/- paid) . . 0 10 7 0 10 8 Woollens— Manawatu Khitting 2 0 0 2 2 0 Oamaru 1 1 3 1 2 3 Kaiapoi (17/- pd.) 0 13 9 0 14 3 Kaiapoi (7/- paid) 0 5 0 — Kaiapoi (pref.) 0 15 0 0 18 0

Coal— Grey Valley . . . 0 7 6 Westport . . Stockton ford ) Stockton (pref.) 0 2 6 0 3 0 Gas— Auckland Christchurch Christchurch (10/paid) .... 0 16 9 — Breweries— New Zealand- . . 2 13 0 Staples . . 1 14 0 Timaru (7/6 paid! 0 9 0 Tooths (c. rights) 2 14 0 2 14 Miscellaneous— Allied Motors . 0 2 6 Amalg. Wireless (contr.) .... 1 Anthony Hordern 0 19 4 0 19 Australian Glass 4 2 4 4 3 3 Aust Iron & Steel (pref.) 1 5 Beath and Co. . . 1 8 0 1 10 0 Beath and Co. (1/paid) 0 8 0 British Tobacco Aust., c. div.) . 1 18 8 2 0 0 Broken Hill Proprietary .... 2 16 4 2 16 6 Broken Hill Proprietary (con.) — 1 8 0 Claude Neon N.Z 2 1 0 Colonial Sugar . . 42 10 0 Consolidated Brick 0 10 11 0 11 0 Dom. Builders Supplies . . . 0 4 11 L" nlop Perdriau Rubber .... 0 15 11 0 16 0 Electrolytic Zinc (ord.) 1 14 4 1 14 6 Electrolytic Zinc (pref.) 1 18 7 1 18 10 Atlas Flour 1 1 0 1 6 6 General Motors— Holden’s (pf.) . 1 2 9 General Industries — 1 0 0 G. J. Coles .... 3 5 3 3 5 9 Greater Crystal Palace .... 0 2 6 0 9 0 Henry Jones Coop 1 16 0 1 17 6 Hay’s Ltd. (15/paid) .... 0 15 0 0 16 9 Hume Pipe (Aust.) 0 14 9 0 16 0 Kauri Timber (c. div.) 1 3 11 1 4 2 National Electric . 0 12 8 0 14 0 N.Z. Drug Co. . . 3 19 0 4 1 0 N.Z. Farmer s’ Co-op. (£2/10/paid) .... 0 5 0 — N.Z. Farmer s’ Co-op. (10s pd) 0 0 1 N.Z. F a r m e r s’ Co-op. (1st pf.) — 3 17 0 N.Z. F a r m e r s’ Co-op. (“B” pf) 1 10 0 — is .Z Farmers’ Co-op. <4i p.c. Stock, 1939) . . 86 5 0 — N.Z. P a r m e r s’ Co-op. (4 h p.c. Stock, 1940) . . 86 2 6 87 5' p N.Z. F a r m e r s’ Co-op. (44 p.c. Stock, 1941 . . 86 5 0 — N.Z. F a r m e r s’ Co-op. (4* p.c. Stock, 1945) . . 85 0 0 — N.Z. F a i m e r s’ Fertiliser . . . 0 19 6 N.Z. Newspapers . — 2 2 6 N.Z. Paper Mills . 1 6 0 — Procera Bread . . 2 2 6 2 5 0 Procera Bread (vendor shares) 2 0 6 2 3 6 Quill Morris (in liquidation) . . — 0 6 6 Victoria Nyanza . . 0 5 6 0 9 0 Whitcombe and Tombs 3 10 0 3 16 0 Wilson’s Cement . 2 1 0 2 4 0 Woolworths (N.Z.) (ord., c. div.) . 5 10 0 5 18 0 Woolworths (Syd.) (2nd pref.) . . — 1 6 3 Woolworths (Vic.) (pref.) .... — 1 10 0 Mining— Alexander .... — 0 17 0 Alexander (15s paid) — 0 14 6 Bendigo Goldlights 0 0 1 0 0 44 Big River .... 0 1 85 0 1 114 Brian Boru .... — 0 0 2i Central Shotover . 0 0 li 0 0 6 Gillespie’s Beach . 0 1 05 0 1 14 Golden Dawn . . 0 2 0 — Golden Sands . . 0 2 4 — Goldfields Dredging 0 0 25 0 0 23 King Solomon . . 0 3 3 0 3 6 Lawson’s Flat . . 0 0 3 0 0 54 Mahakipawa . ... 0 0 03 0 0 1 Mahakipawa (pref., 1929 Issue) . . . 0 0 1 0 0 2 Mahakipawa (pref., 1930 issue) . . . 0 0 1 — Maori Gully . . . 0 0 115 0 1 2 Mining House Concessions . . . — 0 0 04 Mossy Creek (cum div.) 0 1 1 — Mount Lyell . . . 1 1 0 1 1 1 Mount Morgan . . 1 15 6 1 16 0 Nevis Diesel Electrie 0 0 Oi 0 0 03 Okarito (c. div.) . 0 5 3 0 5 7 Nokomai 0 1 8 0 2 11 Rawang Tin . . . 0 8 3 0 8 9 Skippers 0 0 3i 0 0 3£ Waihi Invest ments — 0 16 0 Waimumu Sluicing 0 0 35 — Worksop Extended 0 1 10 0 2 8 Martha 1 0 9 Unlisted Slocks All tran: - ?tions in stocks quoted in this section are subject to a different rate of brokerage from the listed stocks, and are not quoted on the Official List. Buyers. Sellers. £ s d. £ s. d. Argo Gold Dredging 0 1 35 0 1 4 Associated Motors Petrol (pref.) . — i 5 i Conterbury Roller Flour — 0 9 0 Ch-Ch. Press . . . 9 0 0 10 7 0 Irowat (2/6 paid) . — 0 3 9 Moonlight Goldfields 0 0 6 0 0 84 Macetown .... — 0 0 8 National Tobacco (c. div.) .... 0 0 6 0 0 9 N.Z. Mining Investment 0 0 55 — Smith, Wylie . . . 0 9 6 0 13 6 Suckling Bros. . . 7 10 0 — Tiproff Seal . . . 2 11 6 3 0 0 Were’s Investment Trust — 0 5 1 Westland Breweries (10/- paid) . . 0 10 0 — Woolworths (Syd.) (ord.) 5 17 0 5 18 0 White’s Electric . . 0 0 8