Finance and Commerce

Timaru Herald, Volume CXLII, Issue 20513, 3 September 1936, Page 16

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE LATEST QUOTATIONS Special to "The Timaru Herald." CHRISTCHURCH, September 2. The following quotations were rulin;; when the Stock Exchange closed for the day: £ s. d. £ s. 0. Buyers. Sellers.

THE PRICE OF GOLD United Press Association —By Electric Telegraph—Copyright LONDON, September 1. The current price of gold is 138/2* an our ?e. THE CURRENCIES United Press Association—By Electric Telegraph—Copyright LONDON, September 1. Currency quotations are:—Dollar 5.031 to th? pound; franc 76 7-16 tc the pound. ADDINGTON MARKET HIGH KATES MAINTAINED Bv Telegraph Press Association ■CHRISTCHURCH, September 2. There was another keen sale at Addington to-day, both fat cattle and fat sheep more than maintaining the high rates of the last sale. Store sheep: 2,400 were penned, mostly hoggets. Adult wethers sold to . 27/7, two-tooth Romney ewes to 37/3, sound and F.M. ewes to 26 2 and ewe hoggets to 33. 9. Fat sheep: 4.000 were penned. Ewes were dearer by 1 6 to 2- a head, heavy I wethers unchanged and lighter wethers scarcely so strong. Extra good wethers scld to 44 1. good 34 - to 37 -, prime i 28 - to 33 -, best ewes 30 - to 41/-, I medium 25 - to 29 -. ordinary’ 21/- to ! Fat cattle: 408 were penned. Best | steers made £l7 10 - to £2O 17 6, good I £l4 to £l7. light £9 to £l2. best heifers Ito £l3 10 good £8 10 -to £ll/10/-, I best cows £lO to £l4 5 -. good £B/10/to £9 15 -. j Fat pigs: There was a good market. I Porkers made 34 - to 48 6 (average price per lb 6’.d to 63d>, baconets 54/to £5 (average price per lb sid to 6*d). STUDHOLME STOCK SALE SATISFACTORY PRICES There was a small yarding of fat cattle at the Studholme Junction sale yesterday, but prices realised were particularly good and well up to. if not in advance of. those at previous sales. Little quality was offering in the store cattle section, and sales were made accordingly. In the sheep section there were only five pens of fats, mainly plain sorts. Tn the store pens several lines of ewes were forward, together with a pen of wether hoggets. Prices ranged from 12/- to 26/- and were satisfactory. Sales were: Ewes: 95 at 22/7, 28 at 12/-, 73 at 23/6, 42 at 26/-. Wether hoggets: 33 at 20/7, 4 at 23/10, 6 at 21/3, 12 wethCattle: Fat cows £4 to £6 12s Gd, fat heifers £2 5s to £4 7s 6d, springing heifers to £4 7s 6d, empty heders to £3 12s, steers £2 10s to £7 10s.

N.Z. Govt. Stock. 4 p.c. Inscr., 193740 101 10 0 — 4 p.c. Inscr., 194649 105 10 0 105 15 0 4 p.c. Inscr., 195255 105 10 0 — 4 p.c. Bonds, 1940 101 10 0 — 4 p.c. Bonds, 1949 105 10 0 — Rural Bonds, 5 p.c. 15/9/47 . . . 103 10 0 — Banks— Adelaide .... 6 10 0 Australasia (cum div.) 11 17 0 12 10 0 Comm, of Aust. 0 18 3 0 18 5 Comm, of Aust. (pref.) .... 9 0 0 9 2 6 E., S. and A. . . . □ 15 0 5 18 0 National of A’asia (£5 paid) . . . 7 2 0 7 3 6 New South Wales 32 10 0 32 17 6 New Zealand . . . 1 19 3 2 0 0 Union 9 8 6 9 9 0 Insurance — National .... 0 18 0 0 18 4 Standard (c.d.) . . — 3 2 3 Loan and AgencyDalgety and Co. . 8 10 0 9 0 0 Goldsbrough Mort. 1 12 3 1 12 5 Invincible Building Society .... — 4 17 6 N.Z. and River Plate 0 14 0 — N. Z. Guarantee Corporation . . — 0 5 8 United Building Society .... — 1 .! 6 Pitt, Son and Badgery 2 1 0 — Shipping— Huddart - Parker (cum div.) . . . — 1 18 3 P. and O. Deferred Stock 1 10 0 — Union (pref.) . . . 1 6 6 — Frozen Meat— Canterbury . . . 8 17 6 9 5 0 Gear — 0 19 0 N.Z. Refrigerating (£1 paid) . . . 0 19 4 0 19 9 N.Z. Refrigerating (10/- paid) . . 0 9 3 0 9 6 North Canterbury Freezing .... 1 11 0 — Southland .... — 3 15 0 Woollens— Oamaru 1 0 6 1 1 6 Kaiapoi (17/- pd.) — 0 15 10 Kaiapoi (7/- paid) 0 6 2 0 6 5 Kaiapoi (pref.) . . 0 18 3 — Coal— Westport 1 1 0 1 3 3 Stockton 0 1 3 0 1 6 Gas — Christchurch . . . 1 7 0 1 9 6 Christchurch (10/paid) — 0 15 0 Breweries— Dominion (rights) — 0 6 9 New Zealand . . . 2 12 3 2 13 0 Timaru 'in liqdn., ex distrib.) . . 0 2 7 0 3 1 Tooths 2 14 6 2 15 6 Miscellaneous— Anthony ’lordern — 0 19 0 Aust. Glass . . . 4 10 0 4 11 0 Booth Macdonald (pref.) . . . . 0 1 10 .— British Tobacco 2 0 9 2 1 3 Broken Hill Proprietary .... 3 14 1 3 14 6 Broken Hill Proprietary (15/paid) 2 14 0 2 14 5 Canty. Farmers’ Co-op 0 12 0 — Canty. Farmers’ Co-op. (pref.) . 1 16 0 — Colonial Sugar . . 42 15 0 43 2 6 Consolidated Brick 0 9 6 0 9 10 Dominion Builders Supplies .... 0 3 9 0 4 6 Domn. Fertiliser . 1 3 9 1 5 6 Dunlop Rubber (c. div.) 0 18 7 0 18 9

Electrolytic Zinc (ord., cum div.) 1 19 9 2 0 10 Electrolytic Zinc (pref., c. div.) . 2 2 9 2 3 1 Farmers’ Trading 0 19 0 Gen. Industries . . 0 18 8 0 19 9 G. J. Coles .... 4 0 0 4 0 4 Hay’s. Ltd. (15 - paid) — 0 15 3 Henry Jones Co-op 2 2 0 2 3 6 Howard Smith . 0 18 10 0 19 2 Hume Pipe (Aust.. cum div.) . . . 0 19 6 0 19 11 Kauri Timber . . 1 4 0 1 4 3 Mason, Struthers (10/- pd., c.d.) 0 6 0 0 7 6 Morris Hedstrom 1 5 0 1 6 0 Morts Dock . . . 0 10 0 0 12 0 N.Z. Drug .... 3 10 0 — N.Z. Farmer s’ Co-op. (£2 10s paid) 0 12 0 0 19 0 N.Z. Farmers’ Co-op. (10s pd.) — 0 13 N.Z. F a r m c r s’ Co-op. (1st pf.) — 3 17 0 N.Z. Farmer s’ Co-op. (A pf.) 2 5 0 2 10 0 N.Z. F a r m e r s’ Co-op. (B pf.) 2 0 0 2 5 0 N.Z. F a r m e r s’ Co-op. (44 p.c. Stock, 1940) . . — 91 0 0 N.Z. F a r m e r s’ Co-op. <4J p.c. Stock, 1939) . . — 91 0 0 N.Z. F a r m e r s’ Co-op. (44 p.c. Stock, 1945) . . — 91 5 0 N.F. F a r m e r s’ Fertiliser . 0 19 9 N.Z. Newspapers . 1 17 0 2 0 0 N.Z. Paper Mills . 1 5 6 — Procera Bread . . 1 10 0 Quill Morris (1936 ex div.) . 0 18 0 0 19 6 Victoria ITyanza . 0 11 9 — Whitcombe and Tombs .... 3 0 0 3 4 0 Wilcox MoffLn . 0 12 7 0 12 10 V) .Ison’s Cement . 1 15 0 1 17 6 Woolworths (N.Z., ord.) 5 0 0 5 7 6 Woolworths (N.Z., pref.) 1 15 0 1 18 0 Woolworths (Syd., 2nd pref.) . . . 1 5 6 1 6 4 Wool worths Wic., pref.) — 1 8 9 Mining— Antonios Hyd. . . 0 0 6 Aotearoa — 0 0 51 Argo 0 1 7 0 18 Big River .... 0 1 IL 0 2 Oi Brian Boru . . . 0 0 3A 0 0 4 Central Shotover . — 0 0 4 Deep Lead .... — 0 0 6 Gillespie’s Beach . 0 1 4? 0 15 Golden Sands . . 0 2 0 0 2 9 Goldfields Dredging — 0 0 3i King Solomon . . 0 1 2 0 1 4 Maerewhenua . . 0 0 2 4 o o ? Maori Gully . . — 0 0 9 Martha 0 18 9 1 0 6 Moonlight Goldfields — 0 1 0 Mossy Creek (cum div.) — 0 17 Nokomai 0 2 0 0 2 6 Okarito 0 3 9 0 5 0 Nemona . < . . . 0 1 9? 0 1 10 Skippers .... 0 0 4 0 0 4i Waihi Invest. . . 0 10 9 — Waimumu Sluicing — 0 0 91 Worksop Extended — 0 2 0 Australian Mining Mount Lyell . 1 9 1 19 2 Mount Morgan . . 0 12 11 0 13 0 Rawang Tin . . . 0 9 0 0 9 Sulphide Corpn. . — 0 17 3 Unlisted Stocks. All transactions ii stocks quoted n this section are subject to a diffe-eut rate of brokerage from Listed Stocks. and are not quoted on the O.~.: ?.l List. Buyers. Sellers. £ s. d. £ s. d. Assoc. Motorists Petro (pref.) 1 5 0 — Aust. Investment Trust — 0 7 6 Coull, Somerville Wilkie .... — 0 15 0 Dominion Life (6/paid) — 0 6 0 Jones Nevis . . . — 0 0 6 Macetown .... 0 0 24 0 0 31 New River .... 0 0 7 0 0 9 N.Z. Perpetual Forests .... 3 0 0 Mt. Cook Tours . 0 4 0 Selfridges (A’asia) old — 1 5 6 White’s Electric . — 0 0 10 Wool worths (Syd., ord.) 5 3 0 5 5 0 Woolworths (West Australia) . . . 5 14 0 5 17 6 AUCKLAND Sales on ’Chan. e £ s. d. Bonds Rural 15 0'47 5 p.c 103 0 0 Stock 15/ll/’38-52 1 p.c. 103 15 0 Auckland Harbour Board 9/7/4 41 p.c. .. 104 15 0 National Insurance 0 18 3 N.Z. Insurance (3) 3 2 3 South British .. .. 4 9 6 Farmers Auct. (£1 pd) 0 14 6 Auckland Gas (2) 1 3 0 Huddart Parker (pf) .. 1 8 0 Kaiapoi Woollen . 0 15 9 Dorn. Breweries (ri jhts) 0 6 1 N.Z. Breweries (2) 2 12 6 Tooths 2 15 41 Australian Glass .. 4 11 3 Australian Glass . 4 11 0 British Tobacco .. 2 10 Broken Hill .. . 3 14 6 Bycrofts Ltd. (2) .. 2 1 6 Colonial Sugar .. 43 0 0 G. J. Coles .. .. 4 0 6 Mount Morgan .. 0 13 3 Upper Watut .. . 0 3 2 Unofficial List Woolworths < Syd) 5 4 6 Wool worths (Syd) . .. 5 b y WELLINGTON Sales on ’Chan -e Cash Orders (pf) 1 8 9 Cash Orders (ord) .. .. I 7 6 Bonds 1955 p.c. .. .. .. 105 7 6 Bank of Australasia 12 0 0 0 18 4 Goldsbrough Mort . .. 1 12 9 National Insurance (2) 0 18 3 Huddart Parker (pf) .. 1 8 0 British Tobacco (Aust.) ( 2) 2 1 1 Electrolytic Zinc (ord>.. 2 0 10 G. J. Coles (2) .. .. 4 0 6 G. J. Coles (2) .. 4 0 3 Wilsons Cement .. .. .. 1 16 6 By crofts Ltd .. .. • • • • 2 16 0 13 3 Unofficial List Self ridges (old issue) .. 1 4 9 CHRISTCHURCH Sales on ’Change Comm. Bank of Aust. ( 9» 0 18 4 Bank of N.S.W. .. 32 15 0 1 12 6 Tooths Brewery . 2 15 9 British Tobacco (c.c .) (3) 2 1 0 Broken Hill .. .. 3 14 6 Broken Hill (15'pd) 2 13 9 Barry town 18 3 Big River (2) .. 0 2 0 Maori Gully (3) .. 7 0 3 0 Unlistec Stocks New River (3) .. 9 Wool worths (Syd) ord < 10 > 5 5 0 Woolworths (Syd) ord (10) 5 6 6

Sales Reported N.Z. Refrig (10 - pd) .. .. Tooth Brewery £ s. 0 9 2 15 d. 4 o Broken Hill <15/- pd) .. .. 2 14 0 Waihi Invest .. .. 0 10 10 N.Z. Breweries .. 2 13 0 Maori Gully ry Nemona .. .. 0 1 Dunlop Rubber (c.d.) . 0 18 8 Electro Zinc 2 3 0 DUNEDIN Sales cn ’Change Farmers Fertiliser .. .. 1 0 6 Hume Pipe 0 19 Paddy’s Point 0 2 9 National Insurance 0 18 3 Westport Coal 1 2 10 Kaiapoi Woollen (ord) .. .. 0 15 9 Kaiapoi Woollen (ord) .... 0 15 10 Wilcox Mofflin 0 12 11 British Tobacco .. 2 1 0 Mt. Morgan (2) 0 13 n Mt. Lyell 1 9 2 Stock 1938-52 3H- per cent 103 15 0 Unlisted Stocks Woolworths (Sydney) .. .. 5 5 6 AUSTRALIAN STOCK EXCHANGES — United P’-ps.c: Association —Bv Elertri Telegraph —Copyrlgh t (Received September 2, 8.35 p.m.) SYDNEY, September There was considerable activity in the investment market to-dav and prices generally were steadi with a tendency to harden. Sales: r s d. Bank of N.S.W 33 2 6 Comm. Bank of Sydney .. 20 0 0 National Bank (£5 pd) 7 3 0 Colonial Sugar 43 10 0 South British 4 11 9 Australian Gas A 7 9 0 British Tobacco 2 1 6 Tooths 2 16 0 Toohev’s 1 12 0 Queensland Brewery .. .. 1 3 9 Gcldsbrough Mort 1 13 0 Wilcox Mofflin 0 12 10 Millaquin Sugar 2 0 0 Farmers 1 12 9 David Jones 2 5 9 Anthony Hordern 0 18 9 Australia Hotel 1 6 6 Morts Dock 0 11 5 R. Fowler 0 14 8 Sargents 1 7 9 Meggitts 1 6 3 Victoria Nyanza .. .. .. .. 0 13 7 Mark Fov 1 10 7} Wunderlich 1 2 9 Wool worths (ord) .. .. 5 6 0 Mount Lyell 1 9 6 Broken Hill Prop 3 15 9 Broken Hill Pron. (new).. 2 15 3 North Broken Hill 9 13 0 Larut 0 11 4 Bulolo Deposits 0 .1 05 Emperor ,. 0 16 3 MELBOURNE EXCHANGE Industrial shares were in steady demand. G. J. Coles issues were quiet with interest centred in the special meeting to be held in three weeks. Sales: National Bank (£5 pd) 7 4 0 Howard Smith 0 19 6 British Tobacco 2 1 3 G. J. Coles 4 1 6 Drug Houses 1 10 6 Aus. Iron & Steel (pf).. 1 6 3 Australian Glass 4 12 3 Dunlop Perdriau .. 0 18 11 Dunlop Perdriau (pf) .. .. 1 14 9 Goldsbrough Mort 1 13 0 Victoria Nyanza 0 13 4 Yarra Falls .. .. .. .. 1 19 3 Mount Morgan .. .. .. 0 13 4 Broken Hill Prop. 3 15 6 South Broken Hill .. .. .. 5 17 6 Emperor 0 16 3 General Motors 1 5 0 Kauri Timber 1 4 6 Myers 1 16 9 United Provisions 0 13 0 Upper Watut 0 3 3 Irowat 0 2 2