Finance and Commerce

Timaru Herald, Volume CXLII, Issue 20511, 1 September 1936, Page 14

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE

LATEST QUOTATIONS Special to “The Timaru Herald." CHRISTCHURCH, August 31. The following quotations were ruling when the Stock Exchange closed for the day:—

AUSTRALIAN STOCK EXCHANGES United Press Association—By Electric Telegraph—Copyright (Received August 31, 8.55 p.m.) SYDNEY, August 31. Expectations of a satisfactory opening of the new wool selling season were reflected to-day in a strong investment market. Pastoral shares moved up a grade, while retail trading interests were well supported. Sales:

Melbourne Exchange. Investments and bonds were steady in a quiet market. Barriers were slight-

MINING NEWS By Felegrsph r-res -t.ssoc.ia nor AUCKLAND, August 31. The Mataki return for the week was 24 oz for 127 hours work. SHEEP FOR AUSTRALIA The remainder of a large purchase of more than 300 Southdown sheep by Mr H. A. Lindsay-Field, of Deniliquin, New South Wales, comprising 175 Southdown rams and 16 stud Southdown ewes was forwarded by the Wanganella to Australia last Thursday. The consignment includes one special stud ram and five stud ewes from Mrs W. J. Slack’s stud at Bunnythorpe and 11 stud ewe hoggets and 15 ram hoggets bred by Mr H. E. Leighton, Riverslea, Lower Hutt. Eighty ram hoggets from the flock of Mr Meredith Wilson, Halkett, and 79 from Mr D. W. Reid, Feilding made up this consignment of typical Southdown sheep.

MEAT BOARD LAMB COMPETITION Separate annual competitions among the lamb exporting districts of the North and South Islands constitute an important factor in maintaining high quality, and suitability for export, as the entries are not only judged in New Zealand, but the awards on which the Meat Producers Board’s silver challenge shield for each Island are based, are the decisions of Smithfield judges. Conditions for this year’s competiti?ns are being circulated to the Agricultural and Pastoral Associations, which control the competition and organise field days to give New Zealand farmers an opportunity of inspecting the exhibits at the freezing works. Local prizes are awarded on these occasions, while the Meat Producers Board offers in addition to the Challenge Shield for each Island, prizes of £l5, £lO and £5 for the three best individual lots of lambs shipped from each Island, this judging taking place in London.

The Board is arranging to send to England the awards made in the competitions in New Zealand, but they will not be disclosed to the English judges until they have made their decisions, when the Board’s London manager will endeavour to get the Smithfield authorities to make a separate report where any pen awarded a prize in New Zealand judging is not placed at London.

Lambs for the North Island are !o be killed not later than November 30 and lambs in the South Island by December 24.

BREWERY PROFITS LOWER The accounts of C. L. Innes and Co., Ltd., brewers, for the year ended June 30, show a net profit of £3840 against £4516 for the previous year, and £4BO for 1934. However, an increased income tax payment was necessary in respect of the 1935 accounts, reducing the profit for that year to £4103. In the past year the profit figure has been affected by provision for income tax on the higher scale and by more liberal depreciation allowance. With £393 brought forward £4233 is available. Preference dividend of 8 per cent., less 20 per cent., and an ordinary dividend of 8 per cent., unchanged, require £2320, and £9113 is carried forward.

SILVER British Official Wireless RUGBY, August 30. Silver—Spot and forward 19 9-16 d an ounce. THE CURRENCIES British Official Wireless RUGBY, August 30. Currency quotations are: —Dollar 5.0 J to the pound; franc 76 27-64 to the pound.

N.Z. Govt. Stock. 3i p.c. Inscr., 193852 £ s. d. Buyers. £ £ s. o. ellers. 103 5 0 31 p.c. Inscr., 193952 103 5 0 — 4 p.c. Inscr., 193740 101 10 0 — 4 p.c. Inscr., 194346 103 7 6 103 12 6 4 p.c. Inscr., 194649 105 7 6 105 12 6 4 p.c. Inscr., 195255 105 10 0 — 4 p.c. Bonds, 1946 103 10 0 — 4 p.c. Bonds, 1949 105 10 0 — 4 p.c. Bonds, 1955 Rural Bonds, 5 p.c. 105 12 6 — 15/9/47 . . . 103 10 0 — Banks— Adelaide .... 6 10 0 Australasia (c.d.) . — 12 5 0 Comm, of Aust. . Comm, of Aust. 0 18 4 0 18 o (pref.) .... — 9 2 6 E., S. and A. . . . National of A’asia 5 15 6 5 19 0 (£5 paid) . . . 7 1 0 7 4 0 National of N.Z. . — 3 2 3 New South Wales 32 10 0 32 17 6 New Zealand . . . 1 19 0 2 0 0 Union 9 8 6 9 9 6 Insurance— National .... 0 18 0 0 18 4 Standard (c.d.) . . — 3 2 0 Loan and AgencyDalgety and Co. . 8 14 3 9 0 0 Goldsbrough Mort. Invincible Building 1 11 9 1 12 1 Society .... 4 0 0 4 17 6 N. Z. Guarantee Corporation . . 0 5 7 0 5 8 N.Z. Loan & Merc. (ord.) .... — 35 0 0 Shipping— Huddart - Parker (cum div.) . . — 1 18 ; j P. and O. Deferred Stock 1 11 0 — Union (pref.) . . 1 6 3 — Frozen Meat— Canterbury .... N.Z. Refrigerating — 9 5 0 (£1 paid) . . . N.Z. Refrigerating 0 19 4 1 0 0 (10/- paid) . . 0 9 4 0 9 7 North Canty. . . . 1 9 0 — Southland .... — 3 16 0 Woollens— Oamaru 1 0 6 1 1 6 Kaiapoi (17/- pd.) 0 15 6 0 15 10 Kaiapoi (7/- paid) 0 6 3 0 6 5 Kaiapoi (pref.) . . 0 18 0 0 18 6 Coal— Westport Stockton 0 1 3 0 1 6 Do. (pref.) . . . 0 2 4 0 3 0 Gas— Christchurch . . . Christchurch (10/- - 1 9 6 paid) — 0 15 0 Wellington .... — 1 19 3 Breweries— Dominion .... 1 9 7 Dominion (rights) — 0 6 9 Dunedin 1 9 6 1 12 6 New Zealand . . . Timaru (in liqdn., 2 12 3 2 13 8 ex distrib.) . . — 0 3 1 Melbourne Co-op. . 2 7 0 2 12 0 Tooths 2 14 3 2 15 9 Miscellaneous— Amalg. Wirleess (contr.) .... 1 15 0 19 9 Anthony Hordern 0 18 3 0 18 11 Aust. Glass . . . 4 10 0 4 11 0 Aust. Iron & Steel 1 5 0 1 6 6 Beath and Co. . . Beath and Co. 1 2 0 1 5 0 <1/- paid) . . . — 0 5 6 Beath and Co. (pref.) — 1 5 0 Booth Macdonald (pref.) .... 0 1 10 — British Tobacco . Broken Hill Pro2 0 8 2 1 0 prietary .... Broken Hill Pro3 14 4 3 14 6 prietary (15/paid) 2 14 4 2 14 10 Canty. Farmers’ Co-op Canty. Farmers’ 0 12 0 - Co-op. (pref.) 1 18 0 2 0 0 Cl. Neon (N.Z.) . — 2 0 9 Colonial Sugar . . 42 18 6 43 0 0 Cons. Brick .... Dominion Builders 0 9 6 0 9 7 Supplies . . . 0 4 0 0 5 0 Dom. Fertiliser Dunlop Rubber (c. 1 5 6 div.) Electrolytic Zinc 0 18 3 0 18 6

(ord., cum div.) Electrolytic Zinc (pref., c. div.) . 2 2 9 1 3 9 0 Gen. Industries . . — ( 19 6 Glen. Brick & Tile 0 9 6 0 7 6 G. J. Coles (cum rights) .... 4 0 2 4 0 4 Hume Pipe (Aust., cum div.) . . . — ( 19 8 Kauri Timber . . 1 3 10 1 4 3 Mason, Struthers (10s paid, c.d.) 0 5 0 0 8 0 Morts Dock . . . 0 10 8 c 10 11 National Electric . 0 12 8 0 14 6 N.Z. Pa r m e r s’ Co-op. (£2 10s paid) . . . . — c 19 0 N.Z. Farmers’ Co-op. (10s pd.) 0 0 8 0 0 10 N.Z. Par m er s’ Co-op. (1st pf.) — 3 17 6 N.Z. F a r m e r s’ Co-op. (A pf.) 2 5 0 2 10 0 N.Z. Farmer s’ Co-op. (B pf.) 1 17 0 2 2 6 N.Z. F a r m e r s’ Co-op. (45 p.c. Stock, 1940) . . — 91 0 0 N.Z. F a r m e r s’ Co-op. (4i p.c. Stock, 1939) . . — 90 15 0 N.Z. F a r m e r s’ Co-op. <44 p.c. Stock, 1945) . . — 90 10 0 N.Z. Malay Rubber (pref.) .... — 1 0 0 N.Z. Newspapers (ex distrib.) . . 1 17 0 2 0 0 N.Z. Paper Mills . 1 5 6 — Northern Roller Milling .... 1 4 6 — Procera Bread . . 1 2 3 1 9 9 Quill Morris (1936 cum div.) . . . 0 18 6 1 0 0 Union Invest. . . 0 1 6 0 2 0 Victoria Nyanza . 0 11 0 0 15 0 Whitcombe and Tombs .... — 3 4 0 Wilcox Mofflin . . 0 12 5 0 13 0 Woolworths (N.Z.) — 6 10 0 Woolworths (Syd., 2nd pref.) . . . 1 5 6 1 6 4 Wool worths (Vic.) pref — 1 9 3 Mining— Addison's Flat . . — 0 1 9 Alexander (15/paid) .... 0 11 6 0 14 6 Antonios Hyd. . . — 0 0 6 Aotearoa .... — 0 0 6 Argo 0 1 7 0 1 8 Barrytown .... 1 6 6 1 9 8 Big River .... 0 2 0 0 2 1 Brian Boru . . . 0 0 31 0 0 4 Gillespie’s Beach (cum div.) . . — 0 1 44 Golden Sands . . 0 2 0 0 2 7 Kildare — 0 2 7 Lawson’s Flat . . 0 0 24 0 0 6 Maerewhenua . . 0 0 2i 0 0 ?i Maori Gully . . . 0 0 6 0 0 10 Martha .... 0 18 9 —. Mossy Creek (cum div.) — 0 1 7 Nevis Diesel Elec. 0 0 OS Nokomai .... 0 1 1 0 2 6 Okarlto 0 3 0 0 4 9 Nemona . . . 0 1 9 0 1 10 Skippers 0 0 4 0 0 45 Waihi Invest. . . 0 10 9 — Waimumu Sluicing 0 0 74 0 0 10 Worksop Extended — 0 1 11 Australian MiningMount Lyell . . . 1 9 1 1 9 3 Mount Morgan . . 0 12 0 0 13 1 Sulphide Corpn. . 0 16 3 — Unlisted Stocks All transactions in stocks quoted n this section are subject to a different rate of brokerage from Listed Stocks. and are not quoted on the ce.. al List. Buyers. Sellers. s. d. £ s. d. Andersons, Ltd. (pref.) 0 16 0 0 19 9 Assoc. Motorists Petro (pref.) 1 5 0 — Alloy Steel (N.Z.) — 1 0 3 Ben Ledi (1/- pd.) — 0 0 4 Ch’Ch. Press . . . — 10 0 0 Coull. Somerville Wilkie .... — 0 12 6 Selfridges (A’asia) new 1 4 0 — Shillings Ltd. (15s paid) .... 0 14 6 0 15 11 Were’s Inves. Trust 0 6 0 — Westland Breweries 1 7 0 — Westland Breweries (10/- paid) . . 0 15 0 — White’s Electric . 0 0 8 0 0 10 Woolworths (Syd., ord.) .... 5 2 6 5 6 0 Wool worths (West Australia) . . . 5 14 0 5 18 6 Suckling Bros. . . 7 0 0 9 10 0 Waikari Lime (15/paid) — 0 17 6 AUCKLAND Sales on ’Change £ s. d. Stock, 15/11/38-52, 31 p.c . 103 15 0 Stock, 15/1/40, 4 p.c 101 5 0 Stock, 15/2/46, 4 p.c. 103 15 0 Bank of New South Wales 32 L5 0 Bank of New Zealand 1 19 6 3 2 3 South British Insurance . 4 9 9 Farm Auctioneer (£1 paid) 0 14 6 Auckland Gas .. .. 1 3 2 Bruce Woollen .. .. 0 L4 0 Tooths Brewery .. . 2 14 9 2 L5 3 Broken Hill 3 14 3 Consolidated Brick . 0 9 6 G. J. Coles 4 0 6 4 0 0 4 0 3 Hume Pipe 0 .9 6 Wilsons Cement .. . 1 16 6 Golden Crown .. . 0 4 0 Golden Dawn .. . 0 2 0 Martha .. . 0 19 0 Molyneux 0 1 65 Wrihi Investments 0 10 8 0 .0 9 Mt Morgan 0 .3 0 (2 0 13 2 0 13 1 Unofficial List Dominion Breweries (pref.) 1 9 9 Selfridges (nc~) .. 1 4 Woolworths (Syd.) . 5 10 0 5 6 6 WELLINGTON Sales on 'Change* s. d. Bank of New Zealand 1 19 6 3 2 M 7. Timo* <91 3 17 6 Woolworths (N.Z., pref.) . 1 17 3 0 1 0 1 4 0 10 9 Mount Morgan .. . 0 0 13 13 4 15 Upper Watut 0 0 3 3 1 3 CHRISTCHURCH Sales on ’Change £ s. d. Stock. 1937-40. 4 p.c . 101 10 0 Kaiapoi Woollens (pref.) . 0 18 3 Consolidated Brick . 0 9 6 Big River (2) .. .. 0 2 05 Mount Lyell .. • • • 1 9 1 3 14 0 42 17 6 Dunlop Rubber (cum div.) 0 18 4 G. J. Coles (cum rights) . 4 0 5 (2 4 0 4 4 0 3 Gillespies Beach (cum d.) . 0 1 44 Mount Morgan .. . 0 13 1 Sales Reported Bank of Australasia (2 . 12 0 0 National Bank of A/asia (£5 paid) 7 2 6 Goldsbrough Mort . 1 11 9 Australian Glass .. 4 11 0 Electro Zinc (pref.) 2 3 0

G. J. Coles (cum rights) .. 4 0 6 N.Z. Farmers’ Co-op. (45 p.c. Stock, 1940.1 .... 90 10 0 Martha .... 0 19 0 Mount Lyell 1 9 1 Rawang Tin 0 9 o Sulphide Corporation .. .. 0 17 0 Mount Morgan .. .. 0 13 1 Colonial Sugar .. .. 43 5 Union Bank of Australia .. 9 8 6 Unofficial List Woolworths (West. Aust.) .. 5 16 0 DUNEDIN Sales on ’Change £ s. d. Kaiapoi Woollens (ord.) .. 0 15 8 Consolidated Brick 0 9 6 Molyneux River 0 1 65 Nokomai 0 2 1 Unofficial List Woolworths (Syd.) 5 8 0

£ d. Bank of New South Wales 33 0 0 Associated News .. 1 2 7? (pref.) 1 o 6 Australian Gas (A) 7 9 0 British Tobacco .. 2 1 6 Carlton Brewery (ex div.) 9. 17 10 Australian Glass .. 4 12 3 Dunlop Perdriau . 0 18 9 Winchombe Carson (ex d.) 1 13 0 Wilcox Mofflin .. . 0 12 9 Morris Hedstrom . 1 6 0 Farmers 1 12 6 Anthony Hordern . 0 19 0 (pref.) 1 3 0 Edwards Dunlop . 2 4 6 United Provisions 0 13 0 Victoria Nyanza .. 0 12 9 Gordon and Gotch 2 10 0 Mauri Brothers .. 3 0 Warburton Frank! (ex div.) C ) 19 9 Woolworths (ord.) 5 5 0 Woolworths (N.Z.) 5 8 0 Mt. Morgan .. .. , 0 13 0 Mt. Lyell 1 9 6 Broken Hill .. .. 3 15 9 North Broken Hill 9 13 0 Kuala Kampar .. . 0 14 4 Larut 0 11 3 Malta Nawar .... 0 6 0

ly easier. Sales: Commercial Bank of Aust. 0 18 8 Howard Smith 0 19 2 G. J. Coles 4 1 6 Drug Houses 1 10 75 Australian Iron & Steel (pf.) 1 6 0 Australian Glass 4 12 o Dunlop Perdriau 0 18 11 Goldsbrough 1 12 71 Mt. Morgan 0 13 2 Mt. Lyell 1 9 41 Broken Hill 3 15 0 South Broken Hill 5 16 6 Emperor 0 16 2 Loloma 1 5 3 Hume Pipe 1 0 0 Myers 16 o Silverton Trams 1 17 6 Yarra Falls 1 19 0