Finance and Commerce

Timaru Herald, Volume CXLII, Issue 20509, 29 August 1936, Page 18

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to "The Timaru Herald.” CHRISTCHURCH, August 28. The following quotations were ruling when the Stock Exchange closed for the day:—

EXCHANGE RATE United Press Association—By Electric Telegraph —Copyright (Received August 28, 6.30 p.m.) LONDON, August 27. Closing rates on London: U.S. dollar. 5.03 1-8; French franc, 76 7-16; Java florin. 7.37 A; Polish zloty, 26.81.

CRUTCHINGS SALE

GOOD PRICES REALISED By Telegraph —Press Association DUNEDIN, August 28. A sale of crutchings and oddments was held to-day when 2319 bales were offered. There was a very large attendance of buyers and competition was general. There was a good demand from Continental buyers for pieces and very keen competition from Japan for the fleece wool offered which sold at a marked advance on April rates. Superior crutchings, both halfbred and crossbred, sold fully up to recent northern sales, up to 10i‘d being paid for halfbred crutchings and lOd for crossbred. The bulk of the best crutching sold from 9d to 9Bd, which shows a substantial appreciation on last season’s realisations. Secondary and inferior sorts did not sell up to expectations, and fine crossbred crutchings also appeared to be more or less neglected and there were some passings in these grades. The sale generally must be considered a very satisfactory one and a good clearance was effected. Following is a range of prices.— Merino crutchings to 10*d, halfbred super 9*d to 102 d, medium to good Bid to 9id, seedy and inferior 6£d to 7*d, crossbred crutchings super 9d to lOd, medium to good 72d to 83d, seedy and inferior 6Sd to 7id, fine crossbred crutchings super 8d to 9d, medium to good 7d to 7id, seedy and inferior 6d to 63d, fine half bred fleece average to good 13 Sd to 16*d, medium half bred Hid, to 13id, fine crossbred lOd to 13d, crossbred 8d to 93d. PRODUCE MARKETS DUNEDIN By Telegraph—Press Association DUNEDIN, August 28. The fowl wheat market remains steady. The current value is 4/9 a bushel sacks extra ex truck. The oat market continues firm with several merchants now asking higher prices. Quotations vary, A Gartons being on offer at 3/4i to 3/6 f.o.b. s.i. and B’s at 3/li. Chaff is worth £4/10/- sacks extra, ex-truck and £5 to £5/5/- ex store. For freshly picked lines of potatoes quotations are £4/10/- a ton sacks in for Arran Chiefs and £5 to £5/5/- for King Edwards. All the seed markets remain steady and during the week there has been further buying of ryegrass for export. SALES OF DAIRY PRODUCE LONDON PRICES EASIER Onlted Press Association—By Electric Telegraph--Copyright (Received August 28, 6.30 p.m.) LONDON, August 27. The butter market is quieter. The cheese market is firm. Quotations are:

BRADFC ID TOPS TRADE Onlted Press Association—By Electric Telegraph—Copyright (Received August 28, 6.30 pun.) LONDON, August 27. The Bradford tops market is very firm, but business is quiet pending the opening of the Australian selling season. Cross-bred yarns are strong, but botany yams are neglected. Quotations are:—

BANK OF AUSTRALASIA By TPirempb-nes- association WELLINGTON, August 28. The Bank of Australasia has advised the Stock Exchange Association that the directors have declared an interim dividend of 3/6 a share, less British income tax at 4/9 in the £. The dividend at the rate of 7 per cent, per annum and will be payable on October 2. AUSTRALIAN MARKETS United Press Association—By Electric Telegraph—Copyright MELBOURNE, August 28. Flour—£ll/15/-, bran £5/15/-, pollard £6. Oats —2/4 to 2/5. Barley—English 3/2 to 3/4. Maize —5/2 to 5/3. Potatoes —£7/5/- to £B. Onions—£l6 to £l6/10/-. Wheat Quotations Wheat—4/8. NEW ZEALAND DRUG COMPANY By Telegraph—Press Association DUNEDIN, August 28. At a meeting of Kempthorne Prosser and Co’s. New Zealand Drug Company Ltd. this afternoon, an interim dividend of 3£ per cent, for the half year ended July 31 was declared. WHEAT PRICES United Press Association—By Electric Telegraph—Copyright LONDON. August 27. Wheat cargoes are steadier. Parcels are steady. Futures: London-August 33/B*, November 33/75; Liverpool-October 7/2S, December 7/13, March 6/94. Spot trade is quiet: Australian ex- j ship 40/-, 41'-.

£ s. d. Buyers. £ s. cl. Sellers. N.Z. Govt. Stock.31 p.c. Inscr., 193943 103 7 6 — 3i p.c. Inscr., 193852 103 0 0 — 33 p.c. Inscr., 193952 103 0 0 — 4 p.c. Inscr., 193740 101 7 6 — 4 p.c. Inscr., 194649 105 12 6 105 15 0 4 p.c. Inscr., 195255 105 7 6 — 4 p.c. Bonds, 1940 101 10 0 — 4 p.c. Bonds, 1946 103 5 0 — 4 p.c. Bonds, 1949 105 12 6 — 4 p.c. Bonds, 1955 105 10 0 — Rural Bonds, 5 p.c. 15/9/47 . . . 103 10 0 — Banks — Adelaide .... 6 10 0 Australasia .... — 12 0 0 Comm. of Aust. 0 18 3 0 18 6 E., S. and A. . . . — 5 19 0 National of A’asia (£10 paid) . . 14 7 0 14 15 0 National of A’asia (£5 paid) .... 7 2 6 7 3 6 National of N.Z. . 3 1 6 3 2 6 New South Wales (ex div.) . . . 32 10 0 33 0 0 New Zealand . . . 1 19 4 1 19 10 Union 9 8 6 9 10 0 Insurance — National 0 18 2 0 18 4 Standard (c.l.) . . — 3 2 3 Loan and AgencyDalgety and Co. . 8 5 0 9 0 0 Goldsbrough Mort. 1 11 7 1 11 11 Invincible Building Society .... 4 0 0 4 17 6 N.Z. & River Plate 0 14 0 — N. Z. Guarantee Corporation . . ■ 0 5 6 0 5 8 N.Z. Loan & Merc. (ord.) — 36 0 0 Shipping— P. and O. Deferred Stock 1 11 0 — Union (pref.) . . 1 6 2 — Frozen Meat— Canterbury . . . — 9 5 0 N.Z. Refrigerating (£1 paid) . . . — 1 0 0 N.Z. Refrigerating (10/- paid) . . 0 9 3 0 9 7 Southland .... — 3 15 0 Woollens— Oamaru 1 0 6 1 1 6 Kaiapoi (17/- pd.) 0 15 8 0 16 0 Kaiapoi (7/- paid) 0 6 4 0 6 5 Coal — V/estport — 1 3 4 S sockton 0 1 3 0 1 6 Stockton (prof.) . 0 2 3 0 3 2 Gas— Christchurch (10/paid) — 0 15 0 Wellington .... — 1 19 3 Breweries— Carlton 2 17 0 — Dominion 1 9 3 — Dominion (rights) 0 5 0 0 7 0 Dunedin 1 9 6 1 12 6 New Zealand . . . 2 13 0 2 13 9 Staples 1 12 6 — Timaru (in liqdn., ex distrib.) . . — 0 3 1 Tooths 2 13 7 2 14 2 Miscellaneous— Amalg. Wirleess (cont.) .... — 2 0 0 Anthony Hordern 0 18 4 0 18 9 Australian Glass . 4 10 9 4 11 0 Aust. Iron & Steel 1 5 0 1 6 4 Death and Co. . 1 3 0 — Beath and Co. (1/- paid) . . 0 1 0 0 5 6 Beath and Co. (pref.) — 1 5 0 Booth Macdonald (pref.) .... 1 9 0 — British Tobacco . 2 0 9 1 0 Broken Hill Proprietary .... 3 14 2 3 14 5 Broken Hill Proprietary (15/paid) 9 14 4 2 14 10 Colonial Sugar . . 42 17 6 43 2 6 Consolidated Brick 0 9 6 0 9 3 Dominion Builders Supplies .... 0 4 0 0 5 3 Dom. Fertiliser — 1 5 6 Dunlop Rubber (c. div.) 0 18 2 0 18 4 Electrolytic Zinc (ord., cum div.) — • 1 6 Electrolytic Zinc (pref., c. div.) . 2 3 1 - 3 3 General Industries — 0 19 5 G. J. Coles (cum rights.) .... 4 0 0 4 0 5 Greater Crystal Palace .... 0 5 6 0 10 0 Hav’s, Ltd. (15/paid) 0 14 6 0 15 3 Henry Jones Co-op 2 2 6 3 9 Herald and Weekly Times 3 7 0 3 9 0 Hume Pipe (Aust., cum div.) . . . 0 19 0 19 4 Kauri Timber . . 1 3 10 1 4 5 Mason, Struthers (10/- pd, c. div.) 0 5 9 0 7 9 Milburn Lime (c. div.) 9 0 — Morris Hedstrom 1 4 9 1 6 0 Morts Dock . . . 0 10 2 0 10 7 National Electric . 0 12 3 0 13 9 N.Z. Drug .... 3 13 0 — N.Z. Farmer s’ Co-op. (£2 10s paid) 0 12 0 0 19 0 N.Z. Far m e r s’ Co-op. (10s pd) 0 0 8 0 1 9 N.Z. Farmer s’ Co-op .1st pf.) — 3 17 0 N.Z. F a r m e r s’ Co-op. (A pf.) . ' 1 3 6 2 10 0 N.Z. F a r m e r s’ Co-op. (B pf.) . 1 14 0 ■ • 6 N.Z. F a r m e r s’ Co-op. (43 p.c. Stock, 1940) . . — 91 0 0 N.Z. F a r m e r s’ Co-op. (43 p.c. Stock, 1939) . . — 91 10 0 N.Z. Farmer s’ Co-op. (43 p.c. Stock, 1945) . . —— 91 10 0 N.Z. Malay Rubber (pref.) . . . — 1 0 0 N.Z. Newspapers (ex distrib.) . . 1 17 0 — Northern Roller Milling .... 1 4 9 — Procera Bread . . 1 3 0 1 9 9 Quill. Morris (1936, cum div.) . . . 0 18 7 0 19 9 T a u p o Totara Timber .... — 0 11 0 Victoria Nyanza . 0 10 6 Whitcombe a n d Tombs .... — 3 5 0 Wilcox Mofflin . . 0 11 8 0 12 Wilson’s Cement . 1 10 0 0 0 Wool worths (N.Z.. ord.) 5 0 0 Wool worths (N.Z.,

pref.) Wool worths (Syd., 2nd pref.) . . . Wool worths (Vic., pref.) 1 16 0 15 6 1 1 1 18 6 10 0 6 0 Mining— Addison’s Flat . . — 0 1 9 Alexander (15/paid) 0 11 6 0 14 3 Antonios Hyd. . . — 0 0 6i Argo — c 1 8 Big Biver .... 0 19 0 2 05 Barrytown .... 0 1 6 0 1 10 Brian Born . . . 0 0 3* 0 0 4 Central ShoSover — 0 0 5 Deep Lead .... — 0 0 6 Gillespie’s Beach (cum div.) . . 0 12 c 1 45 Golden Sands . . 0 2 0 — Goldfields Dredging — 0 0 35 King Solomon . . 0 1 2 0 1 9 Lawson’s Flat . . 0 0 2* 0 0 6 Maerewhenua . 002; — Mahakipawa (in liquidation) . . — 0 0 05 Maori Gully . . . 0 0 6 0 0 75 Martha 0 18 8 — Mossy Creek (c.d.) — 0 1 7 Nevis Diesel Elec. — 0 0 02 Nemona 0 18 0 1 10 Skippers 0 0 4 0 0 45 Waimumu Sluicing 0 0 6* 0 0 10 Worksop Extended (ex div.) . . . — 0 2 0 Australian MiningMount Lyell . . . 19 0 1 9 Mount Morgan . . 0 12 5 — Rawang Tin . . . 0 8 11 0 9 1 Upper Watut . . — 0 3 5 Sulphide Corpn. . 0 15 8 — Unlisted Stocks. All transactions in stocks quoted n this section are subject to a differ jnt rate of brokerage from Listed Stocks. and are not quoted on the Offk :ii List. Buyers. Sellers. s. d. £ s. d. Assoc. Motorists Petrol (pref.) . 1 4 3 — Aust. Investment Trust 0 3 7 0 6 0 Cant. Roller Flour 0 5 0 0 6 9 Coull. Somerville, Wilkie .... — 15 0 Jones Nevis . . . — 0 f> Macetown .... 0 0 2* 0 3* New River . . . 0 0 7* 0 0 9 N.Z. Mining Investment . . . — ( 0 8 N. Z. Perpetual Forests .... — 0 0 N. Z. Perpetual Forests (4/- pd.) 0 12 0 —— Mt. Cook Tours . 0 4 0 — Selfridges (A’asia) (old) 14 9 5 5 Shillings (15/- pd.) 0 15 0 15 1 Westland Breweries (£1 paid) . . . 17 0 — White’s Electric . 0 0 8 ( 0 10 Wool worths (Syd., ord.) 5 8 0 1C 0 Wool worths (West Australia) . . . 5 14 % 19 0 AUCKLAND Sales on ’Change. £ s. d. Stock, 15/3/39-43, 34 p.c. .. 103 15 0 Stock, 15/140, 4 p.c. .. ..101 7 6 Comm. Bank of Australia 0 18 6 (pref.) 9 2 0 South British 4 10 0 Northern Steam .. . 0 5 0 National Timber .. 0 14 1 Kaiapoi Woollen .. 0 15 1 Dominion Breweries (2) .. 1 9 9 (rights) (2) 0 6 0 Broken Hill Proprietary .. 3 14 9 (cont.) 2 15 0 Colonial Sugar .. .. 43 0 0 Dunlop Perdriau 0 18 2 Farmers Trading .. 0 18 11 G. J.- Coles 4 0 3 4 0 6 Morts Dock 0 10 5 0 10 6 Robinson Ice 1 2 0 Waihi Investments 0 10 8 0 10 9 Unofticia List Selfridges (A’aiia, new) .. 1 4 75 Wool worths (Sydney) 5 9 6 WELLINGTON Sales on ’Change. £ s. d. Comm. Bank of Australia 0 18 5 Bank of New Zealand 1 19 7 (3) 1 19 9 1 19 6 Bank of Nev; Zealand (D long term) .. .. 1 & 0 Traders Finance .. . 0 4 9 New Zealand Insurance .. 3 2 6 South British 4 10 0 New Zealand Breweries .. 2 13 3 Broken Hill 2 17 0 3 14 LI Electrolytic Zinc (ord.) (2) 2 0 9 British Tobacco .. . 0 .1 Gordon and Gotch . .. .. 2 9 0 Unofticia List Westland Breweries (con.) 0 14 9 CHRISTCHURCH Sales on ’Change. £ s. d. E., S. and A. Bank . 5 17 6 Union Bank of Australia .. 9 10 0 9 9 6 Kaiapoi Woollen (7/paid) 0 6 5 0 6 4 New Zealand Breweries .. 2 13 0 Australian Glass (2) 4 0 9 Broken Hill 3 14 6 (3) 3 14 3 Broken Hill (15/- paid) .. 14 0 Dunlop Rubber (cun div.) 0 18 1 Electrolytic Zinc (pref, cum 3 3 (2) ■' 3 4 G. J. Coles (cum rights) (3) 4 0 6 4 0 5 Hume Pipe (Aust., cum div.) 0 19 4 Nemona (2) 0 1 0 Mount Lyell (3) .. . 1 9 0 Mount Morgan .. .. 0 12 4 0 12 8 (6) 0 [2 9 (5) 0 12 0 Unofficial List. Shillings Limited (15 /- pd) 0 15 0 Sales Renorted. Kaiapoi Woollens (17 pd.) 0 15 10 New Zealand Breweries (2) 9 13 3 ■> 13 0 Australian Glass (2) 4 11 0 Broken Hill 3 14 9 G. J. Coles (cum rights) (2) 4 0 9 Hume Pipe (Aust., cum div.) 0 19 5 Mount Morgan .. .. 0 12 55 DUNEDIN Sales on ’Change. £ s. d. Mount Morgan (2) . 0 i 6 Mount Lyell 1 9 0 King Solomon .. .. .. .. 0 1 3 Unofficial List Woolworths (Sydney) 5 9 0 Shillings Limited .. 0 15 0

Australian— August 20. August 27. BUTTER— s. s. s. s. Panish 126 to 128 126 to 127 New Zealand— Choicest salted 121 to 122 117 to 119 Unsalted .. .. 121 to 122 118 to 119 Australian — Choicest salted 120 118 to 119 Unsalted .. .. 120 118 to 119 CHEESE— New Zealand — White 70 to 71 72 Coloured .. .. 68 67

Merinos — Last year. Aug. 17. Aug. 27. d. d. d. 70’s .. .. . 325 34 34 64’s .. .. . 30* 32* 32* 60’s .. .. . 29* 32* 32* Cross-breds — 58’s .. .. — 25* 255 56’s .. .. . 20* 20* 205 50’s .. . • . 15 16 16 46’s .. .. . 12.i 14.i 14} 44’s .. .. 132 13*