COMMERCIAL

Timaru Herald, Volume CXL, Issue 20284, 6 December 1935, Page 5

COMMERCIAL

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to “The Timaru Herald” CHRISTCHURCH, December 5. The following quotations were ruling when the Stock Exchange closed for the day:— Buyers. Sellers.

SYDNEY STOCK EXCHANGE Onlted Press Association—By Electric Telegraph—Copyright (Received December 5, 9.20 p.m.) SYDNEY. December 5. On the Stock Exchange an improved tone for general industrial shares developed to-day. There was also increased activity in the vestibule. A noteworthy feature was the strength of the banking group. The mining share market is extremely quiet. Sales—Bank of New South Wales £32 17s 6d, Commercial Bank of Sydney £lB ss, National Bank £lO paid) £l4, ditto (£5 paid) £7, Union Bank £9 13s, Colonial Sugar £42 12s 6d, Insurance £ll 12s 6d, Australian Gas (A pref.) £7 19s, British Tobacco 39/6, Tooth’s 55/-, Toohey’s 30/3, G. J. Coles 66/-, Australian Iron and Steel (pref.) 25/15, Dunlop 16/-, Goldsbrough 32/3, Winchcombe Carson 30/6, Henry Jones 37/6, Millaquin Sugar 36/-, Electrolytic Zinc (pref.) 39/6. Farmers 27/45, John McGrath 34/6, Union TSieatres (pref.) 16/-, South Brokens 120/-, North Brokens £9, Bulolo Gold £8 ss. Rawang Tin 8/9, New Occidental Gold 14/2, Emperor 17/105, Koroere 10/-, Commonwealth Bonds (all 4 per cent.) 1938 £lO3 10s, 1941 £lOl 17s 6d, 1944 £lO2 3s’9d, 1947 £lO2 ss, 1950 £lO2 17s 6d, 1953 £lO3 2s 6d, 1955 £lO3 Us 3d, 1957 £lO2, 1961 £lO2 17s 6d. Melbourne —Commercial Bank of Australia 18/4, National Bank £5 paid) 140/-, Australian Paper 34/15, Goldsbrough Mort. 32/6, Australian Glass 84/-, Broken Hill Proprietary 57/3, Electrolytic Zinc 39/3, Mt. Lyell 21/-, Mount Morgan 36/-, Emperor 18/1, Koroere 10/-, Loloma 35/3, Enterprise

* YESTERDAY’S SALES By Telegraph—Press Associations AUCKLAND, December 5. Sales on ’Change: Bonds, 15/6/55, 4 per cent., £lO7/10/-; Stock, 15/3/39-43, 3i per cent., £lO2/5/-; 15/2/46, £105; Amalgamated Brick (Auckland), 1/3/44, 7} per cent., £102; Commercial Bank of Australia, 17/9 (2), 17/10; Bank of New Zealand, 49/6, 49/4; ditto (D mortgage), 32/9; Reserve Bank, £6; Australian Provincial Assurance, 20/3; New Zealand Insurance, 64/-, 63/9; South British Insurance, 92/6; Mortgage Corporation, 5/6; Dominion Breweries, 17/9; British Tobacco, 39/3; Burns Fhilp, 62/3; Colonial Sugar, £4l/17/6; Consolidated Brick, 11/- (2); Electrolytic Zinc, 34/9; G. J. Coles, 65/6; Grey and Menzies, 9/6; K.D.V. Boxes (10/- paid), 9/9 (2); Union Oil, 30/-; Woolworths (N.Z.), £5/18/-; Golconda Holdings, 1/6; Hauraki Consolidated, 31d; Martha, 19/6, 19/3; Loloma, 38/6. Unofficial list: Woolworths (Sydney), £5/18/-; Southern Cross Assurance, 1/6. WELLINGTON, December 5. Sales on 'Change: Bank of Australia, 17/9 (2); Bank of New Zealand, 49/6 (3); Dalgety and Co. ,£B/9/-; Equitable Building Co., £6/7/6; Wellington Gas (ord.), 40/3; New Zealand Refrigerating (10/- paid), 10/9; Dominion Breweries, 17/8; Colonial Sugar, £42; Procera Bread (vendor shares), 44/-; Mt. Morgan, 36/-. CHRISTCHURCH, December 5. Unlisted stocks: Woolworths (Syd.), ord., £5/17/9. Sales on ’Change: Commercial Bank of Australia, 18/- (5); New Zealand Refrigerating, 22/- (2); New Zealand Refrigerating (10/- paid), 10/7 (3); New Zealand Breweries (cum div.), 53/- (2); Tooths Brewery (cum rights), 54/- (2); Anthony Hordern, 19/4; Broken Hill Proprietary (contr.), 28/(2); Whitcombe and Tombs, 75/-; Dunlop Ferdriau Rubber, 15/11; Kauri Timber (cum div.), 24/-. Sales reported: 4 per cent. Stock, 1937-40, £lO2/5/-; South British Insurance, 92/6; Kauri Timber (cum div.), 24/2; New Zealand Drug, 80/3; Procera Bread (vendor), 43/6, 43/- (3); Whitcombe and Tombs, 75/-. DUNEDIN, December 5. Sales on ’Change: New Zealand Drug, £2 (3); Mt. Morgan, £l/16/-; Upper Watut, 6/11; Waipapa Beach, 1/6. METALS MARKET United Press Association—By Electric Tel egraph—Copyright (Received December 5, 8.55 p.m.) LONDON, December 4.

STOCK MARKETS United Press Association—By Electric Telegraph —Copyright LONDON, December 4. The success of the Government’s loans stimulated the stock markets, even New Zealand stock benefiting.

ST. ANDREWS SALE STORE CATTLE SELL FREELY The entry of store cattle at yesterday’s St. Andrews sale was the largest for some time. Good colours sold very well and fat cattle were changing hands at values fully up to late rates. Few dairy cattle were yarded and offerings lacking in quality met with a dragging sale. Fat sheep showed no change and store sheep were competed for at this week’s values. The pig market was over-supplied and sales made were down by 2/- a head. Prices were:— Fat ewes (shorn) 12/10, 15/10, 16/4, 17/7, 20/4, 21/1, 22/10; fat wethers (shorn) 21/7, fat wethers (in wool) 30/10, two tooth wethers (small) 14/-, aged ewes in wool 10/-; ewes and lambs 15/1, 16/1, 18/9. Fat cows £3,. £4 12s 6d, £4 17s 6d, £5 17s 6d, fat heifers £4 12s 6d, £6 2s 6d; 18 months heifers (good colours) £2 17s 6d, 3 year steers £4 12s, £4 12s 6d, 15 months steers £2 and £3 2s 6d, yearling steers and heifers 36/-. Pigs—Weaners 9/6 to 13/-, slips 14/to 17/-, sow in pig £1 17s. 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:—

AUSTRALIAN MARKETS United Press Association—By Electrlo Telegraph—Copyright (Received December 5, 9.10 p.m.) SYDNEY, December 5. Wheat—At country sidings, quoted at 2/93 a bushel for both bagged and bulk, which is equal to 3/45, ex trucks, Sydney. . Flour—£ll 17s 6d a ton. Bran—£s 5s a ton. Pollard—£s 10s a ton. Potatoes—Tasmanian, to £lO a ton; local new £5 10s. Onions—Victorian globe, £8 a ton. Maize—Yellow and ’ white, 5/- a bushel. ADELAIDE, December 5. Wheat—Growers’ lots 3/24 a bushel. Flour—Bakers’ lots £ll 17s 6d a ton. Bran—£s 2s 6d a ton. Pollard—£s 7s 6d a ton. Oats—Algerian, 1/9 a bushel.

£ s. d. £ s. d. N.Z. Govt. Debs.— 3i p.c. Inscr., 193852 — 103 0 0 4 p.c. Inscr., 193740 102 5 0 102 10 0 4 p.c. Inscr., 194649 — 105 0 0 4 p.c. Inscr., 195255 107 0 0 — 4 p.c. Bonds, 1940 102 5 0 — 4 p.c. Bonds, 1955 107 0 0 — Rural Bonds . . . — 106 0 0 Other Debs.— Lyttelton Harbour Board, 51 p.c., 1/6/53 — 106 10 0 Westport Boro, 41 p.c., 1/6/48 . . — 104 0 0 Banks— Comm, of Aust. 0 17 9 0 18 0 Comm, of Aust. (pref.) — 9 15 0 Comm, of Sydney 17 10 0 18 0 0 E., S. and A. . . . 5 10 6 6 0 0 National of A’asia. (£10 paid) . . . 13 13 0 14 0 0 National of A'asia. (£5 paid) . . . 6 16 0 7 1 0 National of N.Z. . 3 10 6 — New South Wales — 33 0 0 New Zealand (cum div.) 2 9 1 2 9 7 Reserve 5 18 0 5 19 6 Insurance— A.P.A — i 0 6 National — i 0 0 New Zealand . . . 3 3 0 — South British . . 4 11 9 4 14 0 Standard — 3 10 0 Loan & Agency— Daigety and Co. . 8 5 0 — Goldsbrough Mort. (cum div.) . . . i a 3 — Mortgage Corporation 0 5 4 0 5 6 National Mortgage (A) — 2 14 6 Permanent Investment 9 10 0 10 5 0 United Building Society .... — i 2 0 Shipping— Union 1 7 6 — Frozen Meat— Canterbury (cum div.) 10 8 0 — N.Z. Refrigerating (£1 paid) . . . — i 2 4 N.Z. Refrigerating (10/- paid) . . 0 10 7 0 10 8 Woollens— Kr.iapoi (17/- pd.) 0 13 9 0 14 6 Kaiapoi (7/- paid) — 0 5 6 Kaiapoi (pref.) . . 0 16 0 0 17 5 Coal— Westport 1 1 6 — Stockton 0 1 6 — Stockton (pref.) . 0 2 6 0 3 0 Gas— Christchurch . . . 1 15 11 1 16 3 Timaru — 1 3 0 Breweries— New Zealand (cum div.) 2 12 7 2 13 0 Staples 1 14 0 — Timaru (7/6 paid) 0 9 2 0 9 6 Tooheys 1 9 3 — Tooths (c. rights) 2 13 ii 2 14 0 Miscellaneous— Allied Motors . . . — 0 3 6 Amalg’ted Wireless (contr.) .... 1 10 0 1 15 6 Anthony Hordern 0 19 4 0 19 5 Australian Glass . 4 2 6 4 3 9 Beath and Co. . . 1 8 0 1 9 6 Beath and ~/>. (1/paid) — 0 7 11 British Tobacco (Aust., c. div.) . 1 19 3 2 0 1 Broken Hill Propty. 1 16 6 1 17 3 Broken Hill Propty. (contr.) .... 1 8 0 1 8 2 Claude Neon (N.Z.) — 2 i 0 Colonial Sugar . . — 43 0 0 Consolidated Brick 0 10 11 0 ii 0 Dominion Builders’ Supplies . . . 0 4 11 Dom. Fertiliser . . 1 3 9 1 4 6 Dunlop Perdriau Rubber .... 0 15 10 0 16 0 Electrolytic Zinc (ord.) 1 14 3 1 14 9 Electrolytic Zinc (pref.) 1 18 6 1 19 3 Evans Atlas Flour — 1 7 6 General MotorsHolden’? (pf.) . 1 2 9 G. J. Coles .... — 3 5 9 Gordon & Gotch . 2 0 0 Hay’s Ltd. (15/paid) 0 15 0 0 16 9 Howard Smith . . — 0 18 9 Hume Pipe (Aust.) 0 15 0 0 16 3 Kauri Timber (c. div.) 1 3 11 1 4 2 National Electric . 0 12 8 N.Z. Drug .... 4 0 3 4 0 9 N.Z. F a r m e r s’ Co-op. (£2/10/paid) 0 5 0 — N.Z. F a r m e r s’ Co-op. (10s pd.) 0 0 1 N.Z. F a r m e r s’ Co-op. (44 p.c. Stock, 1939) . . 86 10 0 — N.Z. F a r m e r s’ Co-op. (45 p.c. Stock, 1940) . . 86 12 6 N.Z. F a r m e r s’ O o o V xt Stock, 1941) . . 86 12 6 N.Z. F a r m e r s' Co-op. (45 p.c. Stock, 1945) . . 87 5 0 N.Z. F a r m e r s’ Co-op. (45 p.c. Stock, 1944) . . 86 12 6 N.Z. F a r m e r s’ Fertiliser .... 0 19 0 N.Z. Newspapers . 2 1 0 2 2 0 N.Z. Paper Mills . 1 6 0 Procera Bread . . 2 0 0 P r 0 c e r a Bread (vendor) .... 2 0 3 2 4 0 Quill Morris (in liquidation) . — 0 6 0 United Provisions 0 12 4 0 L2 6 Whitcombe and Tombs 3 14 6 3 15 6 Wilcox Moi.lin . . 0 L0 0 Wilson’s Cemer.t . 2 i 6 2 3 6 Woolworths (N.Z.) (ord., c. div.) . 6 0 0 Woolworths (Vic.) (pref.) .... i 10 0 Mining— Alexa !der (15s paid) 0 7 9 0 13 6 Bendigo Goldlights 0 0 1 0 0 3 Big River 0 1 9 0 1 10 Boulder Perseverance 0 4 0 Brian Boru .... 0 0 2 Central Shotover . 0 0 n 0 0 3 Deep Lead .... 0 1 6 Gillespie’s Beach 0 1 0 0 1 15 Golden Dawn . . 0 2 0 Goldfields Dredging 0 0 2 0 0 3|

Lady Shenton (5/paid) ..... 0 12 0 — Kildare — 0 3 2 King Solomon . . . — 0 3 6 Lawson’s Flat . . 0 0 3 — Maerewhenua . . . 0 0 i) 0 o n Mahakipawa . . . Mahakipawa (pref., 0 i 0 1930 issue) . . . 0 0 i — Maori Gully . . . Mining House Con- — 0 i 1 cessions . . . — 0 0 01 Mossy Creek (cum div.) 0 1 3* 0 i 6 Mount Lyell . . . 1 0 0 1 i 0 Mount Morgan . . 15 3 1 15 8 Nokomai 0 1 9 0 i 4 Okarito (c. div.) . 0 5 6 — Rawang Tin .... 0 8 4 0 8 9 Skippers 0 0 3 0 0 35 Waihi Investments — 0 15 11 Waihi Grand June — 0 4 0 Worksop Extended 0 2 1 — Martha — 1 0 9 Unlisted Stocks All tranr - otions 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 Andersons Ltd (pf) Argo Gold Dredg0 17 1 0 19 0 ing Associated Motors 0 1 35 0 i 4 Petrol (pref.) . — 1 5 1 Apex Ice — 1 i 0 Ch-Ch Press . . . 8 15 0 10 3 0 Golden Gully . . . Dr. McBride Manu0 0 6 facturing Co. . Moonlight Gold- — 0 17 6 felds 0 0 ) 0 0 115 Jones Nevis .... 0 0 65 0 0 8 Macetown .... — 0 0 8 New River (1/- pd) Regent Theatre 0 0 6 Ch-Ch c. div.) . 0 8 3 0 8 6 Smith Wylie . . . 0 10 6 — Tiproff Seal .... Were’s Investment 2 11 0 2 17 0 Trust — 0 5 1 Woolworths (Syd.) ord.) — 5 18 0 White’s Electric . 0 0 9

Quotations — Copper— £ s. d. Standard 5 0 Forward 0 7 h Electrolytic 15 0 to 5 0 Wire Bars 0 0 Lead— Spot .. 17 15 0 Forward 15 0 Spelter— Spot 15 0 Forward 1 3 Tin— Spot 10 0 Forward 12 6 Silver— Standard, per oz .. Fine -16

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. 3.991 3.951 O.D. 4.008 3.951 Montreal— Dol. to £1 N.Z. T.T. 4.03J 4.00 O.D. 4.041 4.001 Prance— Frcs. to £1 N.Z. T.T. 60.84 59.54 O.D. 61.14 59.59 Germany— Reichmarks to £1 N.Z. T.T. — 9.654 O.D. — 9.659 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