Finance and Commerce

Timaru Herald, Volume CXLII, Issue 20587, 28 November 1936, Page 6

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE AFTERNOON QUOTATIONS Special to "The Timaru Herald" CHRISTCHURCH, November 27. The toilowing quotations were ruling when the Stock Exchange closed to:

Unlisted AU transactions in stocks quoted in this section are subject to a different rate of brokerage from Listed Stocks, and are not quoted on the Official List:—-

MOTUROA OILFIELDS PREFERENCE DIVIDEND By Telegraph—Press Association WELLINGTON, November 27. The annual meeting of Moturoa oilfields Ltd., was held to-day. A recommendation to pay a dividend at the rate of 6 per cent, per annum on preference shares for the year ended August 31, 1935, was adopted, that for 1936 being deferred. The report showed that it was not possible to recommend a dividend on ordinary shares. The retiring directors, Mr H. B. Hart and Mr A. B. Williams, were re-elected.

STOCKS AND SHAKES

YESTERDAY’S SALES CHRISTCHURCH

AUSTRALIAN STOCK EXCHANGES United Press Association—By Electric Telegraph—Copyright (Received November 27, 8.35 p.m.) SYDNEY, November 27. The influence of the new loan, coupled with th a usual slackening of dealings towards the end of the year, caused a further contraction of business on the Stock Exchange to-day. Weakness was apparent in practically all shares.

Melbourne Exchange Loans showed a slight improvement, and leading industries were easier. Swan Brewery went up sharply on the announcement of the splitting of shares. Barriers were strong but tin and gold mining shares were irregular.

CONSOLS AND STOCKS

United Press Association —By Electric Telegraph—Copyright LONDON, November 26. The following are the latest quotations for Government securities, compared with the prices ruling last week: Nov. 19 Nov. 16.

ZINC CORPORATION United Press By EUe«M-lc Telegraph—Copyright (Received November 27, 5.5 p.m.) LONDON, November 26. Zinc Corporation, Ltd., has declared interim participating dividends of 2s 6d on both preference and ordinary shares, N.Z. LOAN COMPANY United Press Association—By Electric Telegraph—Copyright (Received November 27, 5.5 p.m.) LONDON, November 26. The accounts of the New Zealand Loan and Mercantile Agency Co., Ltd., show a profit of £156,262 including £55,708 brought forward. It was decided to pay one and a half years’ dividend at 5 per cent on preference shares to June 30, 1933. The amount carried forward is £68,970. PRICE OF GOLD United Press Association—By Electric Telegraph—Copyright (Received November 27, 5.5 p.m.) LONDON, November 26. Gold is quoted at £7 Is llsd a fine oz. METALS MARKET United Press Association —By E’ectrlc Telegraph—Copyright (Received November 27, 5.5 p.m.) LONDON, November 26. Metal quotations—

MINING NEWS

The King Solomon return this week was 18oz. 17dwt. DAIRY PRODUCE MARKETS United Press Association —By Electric Telegraph—Copyright (Received November 27, 5.5 p.m.) LONDON, November Id. The butter market is quiet. Quotations: Danish 118/-; choicest salted New Zealand 107/-; Kangaroo 106/-. A few unsalteds are nominally quoted at 10/- premium. Cheese Is slow. New Zealand white 69/-; coloured 68/-. Australian coloured and 'White 67/-. Eggs are depressed. Australian seventeens 12/6, sixteens 12/3 to 12/6, fifteens 11/9 to 12/-, fourteens 11/6, 11/9, 131, 9/9 and 10/-. Small arrivals from New Zealand are realising practically the same prices.

WHEAT CARGOES STEADY United Press Association—By Electric Telegraph—Copyright (Received November 27, 5.5 p.m.), > LONDON, November 26. Wheat cargoes are steady, following adverse North American weather advices. After better advices from Winnipeg quotations are mostly higher and parcels are steady 3ld to 3d dearer. Spot trade is quiet. Australian parcels ex ship are worth 42/-. Flour is steady. Australian lots ex store are quoted at 31/6. Wheat Futures Wheat futures: London, November 38/9, March 39/5. Liverpool, December 8/2, March 1/94, May 7/81. Chicago market is closed. LONDON WOOL SALES

United Press Association—By Electrfn Telegraph—Copyright (Received Navember 27, 5.5 p.m.) LONDON, November 26. At the wool sales 10,096 bales were offered including 4500 from New Zealand, 9692 being sold. A fair- selection met with very strong competition and sold well at full current rates, buying being spread over a wide basis. New Zealand lots sold as follows: Greasy crossbred, Waimea (top price 16d), average 158 d; slipe half-bred lambs, Kaiapoi (top price 21d) average 19Jd. BRADFORD FIRM United Press Association—Bv Electric Telegraph—Copyright (Received November 27, 5.5 p.m.) LONDON, November 26. Bradford is very firm. Business is quieter, mainly owing to users being already well covered. Top quotations were: Merinos, 70’s 38d ( 64’s 36id, 60’s 35id; crossbreds, 58’s 30id, 56’s 26-id, 50’s 19Ad, 46’s, not quoted, ‘/4’s not quoted.

PRODUCE MARKETS CHRISTCHURCH By Telegraph —Press Association CHRISTCHURCH, November 27. The grain and produce markets remain quiet and will probably stay quiet until the beginning of the new year. The main interest is in wheat, which has continued to firm. Good whole fowl wheat is very hard to obtain and the value is 4/10 f.o.b. Undergrade is in excellent demand and is worth 4/6 to 4/8A according to sample. Oats remain firm and chaff has increased slightly in price, the value being £3 a ton on trucks far out and up to £3/5/- for near stations.

There is some interest in the new crop of potatoes but actual dealings are not many. The price for April-May-June is £3 on trucks, a reduction of 10/- a ton on the price offered a month ago. Next season's oats have also attracted some attention at 3 on trucks for April-Steptember delivery. DUNEDIN By Telegraph—Press Association DUNEDIN, November 27. Little interest is being shown in milling wheat, but fow] wheat is firm. Few lines of oats are now held in the stores. A grade Gartons are worth 3/6 to 3/7 f.0.b.5.i., with B’s ruling at 3/4. The chaff market remains quiet with only small demand. Best quality is worth £4/10/- a ton ex truck and £5/1/- ex store. The potato market is weak and the i demand is now being focussed on the new crop. The seed markets are quiet with little wholesale business going through. The demand from overseas has slackened off, and in the meantime trade is confined to retail orders to the country. FROZEN MEAT

SHIPMENTS TO BRITAIN The New Zealand Meat Producers Board is advised from its London office that the shipments of meat to the United Kingdom during the first half of November, 1936, were: Australia Carcases mutton 48,821 Carcases lamb 611,387 Quarters beef (frozen) .. .. 12,845 Quarters beef (chilled) .. .. 6,949 South America Carcases mutton 2,496 Carcases lamb 181.512 Quarters beef (frozen) .. .. Nil. Quarters beef (chilled) .. .. 185,183 South Africa Quarters beef (chilled) .. .. 2,873 New Zealand Carcases mutton 16,317 Carcases lamb 39,717 Quarters beef (frozen) .. .. 6,975 Quarters beef (chilled) .. .. Nil. DEVONPORT FERRY CO. By Telegraph—Press Association AUCKLAND, November 27. The Devonport Steam Ferry Company Limited has declared an interim dividend of 21 per cent, (unchanged) payable on December 17.

the day:— Buyers. Sellers. £ s. d. £ s. d N.Z. Govt. Stock3’ p.c., 15 3 39-43 — 102 5 0 35 p.c., 15/11/38-52 102 2 6 — 33 d.c., Inscr., 1941 — 102 0 0 4 p.c. Inscr., 193740 101 5 0 — 4 p.c. Bonds. 194346 101 10 0 102 0 0 4 p.c. Inscr.. 194649 . — 102 0 0 4 p.c. Bonds, 194346 101 10 0 — Company Debs. — N.Z, Refrigerating, 4A p.c., 1940-45 102 15 0 — Banks— Comm, of Aust. 0 19 2 0 19 3 Comm, of Aust. (pref.) .... — 9 6 0 Comm, of Sydney —- 21 7 6 E., S. and A. . . . 5 19 0 6 1 0 National of A’asia. <£5 paid) . . . — 7 17 0 New South Wales — 35 5 0 New Zealand . . . 2 1 0 2 1 5 Union 10 5 0 — Insurance— National 0 17 9 0 18 5 New Zealand . . . __ 3 1 9 Standard .... — 3 0 0 Loan & Agency— Ch'Ch. Building . —— 15 5 0 Dalgety — 10 15 0 Goldsbrough Mort. 1 15 11 1 16 5 National Mortgage 2 7 6 — N.Z. Guarantee Corporation . . 0 5 1 0 5 4 N.Z. Loan & Merc. (ord.) 33 0 0 36 0 0 Shipping— P. and O. Deferred Stock — 1 16 3 Frozen Meat— Canterbury . . . 9 5 0. — Gear 0 16 3 0 17 6 N.Z. Refrigerating (£1 paid) . . . 0 19 1 — N.Z. Refrigerating (10/- paid) . . 0 9 3 0 9 5 North Canterbury 1 16 0- — Woollens— Kaiapoi (17/- pd.) 0 14 0 0 14 3 Kaiapoi (7/- paid) 0 5 0 0 5 9 Kaiapoi (pref.) . . 0 17 3 0 17 8 Gas— Christchurch . . . 1 6 11 1 7 0 Breweries— New Zealand . . . 2 12 10 2 13 0 Staples 1 15 9 — Timaru 0 2 0 0 2 6 Tooths 2 14 10 2 15 3 Swan 1 8 0 — Miscellaneous— Anthony Hordern 0 18 7 0 19 0 Australian Glass . — 4 10 6 Aust. Iron & Steel (pref.) .... 1 5 9 1 6 5 Booth Macdonald 0 2 4 — Brtiish Tobacco 2 4 4 0 4 8 Broken Hill Pty. 3 19 7 3 19 9 Broken Hill Pty. (contrib.) . . . 3 8 3 3 8 11 Consolidated Brick 0 10 10 0 11 2 Doni. Builders . . 0 4 0 0 5 0 D.I.C. (pref.) . . . 1 4 7 — Dunlop Rubber . . 0 17 6 0 17 7 Electrolytic Zinc (ord.) 2 6 0 9 7 0 Electrolytic Zinc (pref.) 2 8 6 2 8 8 G. J. Coles .... 3 18 9 3 19 6 G 'neral Industries 0 18 4 0 18 8 Howard Smith . . 1 0 6 1 1 6 Morts. Dock . . . 0 13 8 — N.Z. Farmers’ Co-op. (1st pf.) — 3 14 0 N.Z. Farmers’ Co-op. (41 p.c. Stock. 1940) . . 94 10 0 —— Do. 1939 .... 94 10 0 — Proc era Bread (ord.) 1 0 0 1 9 11 Taupo Totara . . — 0 10 0 Wilcox Mofflin . . 0 11 3 0 11 11 Woolworths (N.Z.) ord 6 11 0 7 4 0 Woolworths (N.Z.) pref 1 15 6 1 17 5 Shillings Ltd. . . 0 17 9 0 18 6 United Prov. . . . 0 10 2 0 11 2 Milquin — 2 3 6 Mining— Addison’s .... — 0 1 3 Alexander .... 0 14 6 0 17 0 Alexander (15/paid) .... 0 14 0 0 15 6 Antonio’s .... 0 0 15 — Argo 0 1 8i — Barry town .... 1 11 9 1 17 0 Big River .... 0 2 0 0 2 5 Brian Boru . . . 0 0 2 0 0 2i Gillespie's Beach . 0 1 3 0 1 74 Golden Sands . . 0 2 0 0 2 9 Goldfields Dredg. . — 0 0 4 Maerewhenua . . 0 0 14 0 0 23 Maori Gully . . . 0 0 44 0 0 6 Moonlight .... 0 0 8 0 1 14 Mossy Creek . . . 0 1 1 0 1 4 Nemona 0 1 6 0 1 9 Skippers 0 0 3} 0 0 3.1 Waihi 0 12 0 — Waihi Junction . 0 3 6 0 3 9 Waimumu .... — 0 0 9 Worksop .... 0 1 54 0 1 6 Broken Hill South 7 10 0 — Australian Mining Kuala Kampar .. 1 16 9 1 17 0 Mount Morgan . . 0 15 6 0 16 7 Wellington Allu’vl — 0 4 0 Rawang Tin . . . o : 0 10i 0 0 Hi Sulphite Corpn. Placer .... 0 17 7 0 18 0

Ballins (10/- pd.) 0 8 3 0 9 3 Selfridges A/asia (old) .... 1 15 0 1 18 3 (new) 1 17 0 Woolworth’s Ltd. . 7 7 8 7 8 0 Woolworth’s (West Aust.) 6 15 6 6 16 0

Morning Call Sales on ’Change— 10 Bank ol N.S.W. (cum div.) (2) £ s. d 0 35 5 100 N.Z. Breweries (c.d.) .. 9 13 0 100 Broken Hill Pty. (ex div.) (2) 3 19 10 100 Evans Atlas Flour .. .. 1 0 0 100 General Industries .. 0 18 5 200 G. J. Coles (2) .. .. 4 0 0 (2) 3 19 11 Unlisted Stocks— 75 Woolworths (Sydney n rd * 7 9 6 7 9 0 7 8 6 125 Wool worths (W.A.) (3) fi 17 6 (2) 6 17 0 Afternoon Call Sales on ’Change— £ s. d. 100 Comm. Bank of Aust. 0 19 3 300 Kaiapol (17/- pd.) (3> 0 14 1 200 Christchurch Gas (2) I 6 11 100 N.Z. Breweries .. .. 2 13 0 50 British Tobacco .. .. 2 4 7 50 Broken Hill Pty 3 19 9 100 Electro Zinc (pref.) (2) 2 8 9 300 Brian Boru 0 0 •»A 1000 Worksop Extended (2) 0 1 b 300 Mount Morgan .. .. 0 lb 7 (2) 0 15 -j* 100 Wellington Alluvials .. 0 3 9 Sales Reported— 100 N.Z. Newspapess .. .. 1 18 6 200 Devonport Ferry .. .. 1 0 6 AUCKLAND Sales on 'Change— £ s. d. Bonds 15/4/46-49 4 p.c. .. 102 0 0 Stock 15/3/30-43 3J p.c. .. 102 0 0 Mt. Eden 1/4/58-63, 44 p.c. 106 0 0 Comm. Bank of Aust, (pf.) 9 5 0 Bank of N.S.W. (ex div.) 35 1 6 Bank of N.Z 2 1 0 2 1 3 Union Bank (2) 10 6 6 South British 4 11 0 4 10 6 Devonport Ferry 0 b Northern Steam 0 4 7 Kauri Timber 1 4 6 Dominion Breweries (new) 1 17 0 British Tobacco 5 0 Dominion Fertiliser .. .. 1 4 3 Farmers Trading 1 0 9 Gear Meat 0 16 3 N.Z. Newspapers 1 18 6 Sharia nds (pf.) 1 0 0 Wilson’s Cement (ex div.) 1 16 6 Mataki 0 1 1 Mt. Morgan 0 15 8 Waihi Investments 0 12 6 WELLINGTON Sales on ’Change— £ s. d. Wellington Trust and Loan 5 10 0 Goldsbrough Mort (2) .. .. 1 16 6 N.Z. Insurance 3 6 N.Z. Refrigerating 0 19 3 Gear Meat 0 16 9 Colonial Sugar 43 0 0 Dominion Breweries (new) 1 17 Cl Consolidated Brick 0 11 0 Stock 1955 4 p.c .. 103 15 0 Unofficial List— Woolworths Ltd 7 9 0 DUNEDIN Sales on ’Change— £ s. d. Bank of N.Z. (2) 2 1 3 2 i 0 N.Z. Refrig, (cont.) 0 9 2} Goldsbrough Mort 1 16 3 Christchurch Gas 1 7 0 Mosgiel Wooljen 9 10 0 Broken Hill Pty 4 0 3 Broken Hill Pty. (cont.) .. 3 10 0 Dunlop Perdriau Robber .. 0 17 9 Taupo Totara 0 9 5 New Zealand Drug 3 14 6 Regent Theatre 1 1 4 Mt. Morgan 0 15 9 Blackwater 1 12 3 Paddy’s Point 0 2 G Unofficial List— Woolworths (Syd.) (3) 7 13 0 7 8 0 7 10 0 Woolworths (W.A.) 6 17 6

Morning Sales: Bonds— £ s. <1. 3i per cent. 1948 .. . . 94 12 6 31 per cent. 1949 . 97 2 4 per cent. 1938 .. . . 102 2 6 4 per cent. 1941 .. . . 100 15 0 4 per cent. 1944 .. . . 100 17 6 4 per cent. 1947 .. . . 101 17 6 4 per cent. 1953 .. . . 101 15 0 Comm. Bank of Aust. .. . . 0 19 41. Assoc. News 1 3 9 British Tobacco . 2 5 6 Broken Hill Pty . 4 1 3 Dunlop Perdriau . 0 17 105 G. J. Coles . 4 1 0 Goldsbrough Mort . 1 16 9 Howard Smith . 1 1 6 Millaquin Sugar . 2 2 3 Afternoon Sales: Bank of N.S.W . 36 0 0 Colonial Sugar . 43 7 5 Aust. General Insurance . . 0 18 6 South British Insurance . . 10 16 0 Associated News 1 3 9 Huddart Parker . 1 18 ii Burns Philp . 1 4 0 British Tobacco . 2 5 6 Tooths 2 15 '; Tooheys 1 15 3 Goldsbrough Mort 1 16 9 Winchcombe Carson .. . 1 16 3 Morts Dock 0 13 10 Paul and Gray 1 0 0 Pitt, Son and Badgery .. . . 2 6 0 v '. H. Souls . 4 10 0 Gordon and Gotch . 2 13 0 Victoria Nyanza Wool worths— . 0 14 6 Buyer . 7 10 6 Seller Woolworths (N.Z.) — . 7 14 0 Seller . 7 5 0 M\ Lyell 1 17 0 Placer Development . 5 0 0 Emperor . 0 18 0 Mandated Alluvial . 0 11 9

Comm. Bank of Aust 0 19 6 national Bank (£10 pel.) .. 15 13 b Howard Smith 1 1 7 British Tobacco 2 5 Carlton Brewery 3 2 0 Coles 4 1 0 Drug Houses 1 5 li 1 Aust. Iron and Steel (pf.) 1 6 6 Electro. Zinc 2 6 u Ditto, (pref.) 2 9 0 Victoria Nyanza 0 14 6 Mt. Morgan 0 15 11 Mt. Lyell 1 17 0 Broken Hill Pty 4 0 6

£ s. d . £ s. d. Consols 85 10 0 84 17 6 Funding loan 4 P-c. 118 0 0 117 6 War loan, 3i p.c. 106 12 6 106 5 0 Con. loan, 3i p.c. 108 0 0 107 5 0 Victory bonds, 4 P.c 116 0 0 115 5 0 New Zealand— 44 p.c., 1.948-58 108 2 i; 107 16 3 3i p.c., 1940 .. 103 3 9 102 18 9 3 p.c., 1845 .. .. 100 0 0 100 2 6

Copper— £ s. d. Standard, spot .. .. .. 44 1 101 Ditto, forward .. .. .. 44 9 41 Electrolytic .. 48 1.’ 0 to .. 49 5 0 Wire Bars .. 49 b 0 Lead— Spot .. 23 5 0 Forward .. 23 5 0 Spelter— Spot .. 16 6 101 Forward .. 16 8 11 Tin— Spot ..236 2 6 Forward Silver— Standard, per oz. .. 21 Fine .. 21 11-16

South Broken Hill .. .. .. 7 15 0 Zinc Corporation . .. 5 17 0 Emperor .. 0 18 Kauri Timber 14 9 Yarra Falks .. 2 0 □wan Brewery .. 7 18 0