Finance and Commerce

Timaru Herald, Volume CXLIV, Issue 21062, 14 June 1938, Page 14

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE YESTERDAY’S QUOTATIONS Special to " The Timaru Herald.” CHRISTCHURCH. June 13. The following quotations were ruling when the Stock Exchange closed for the day:— Buyers. Sellers.

MINING NEWS For the week ended June 10 the dredge of the Clutha River, Ltd. operating at Alexandra, worked 122 hours and recovered 208 oz. of gold. The Mataki return for the period ended June 12 was 230 z.

STOCKS AND SHARES

NEW ZEALAND STOCK EXCHANGES CHRISTCHURCH Morning Call

PLEASANT POINT SALE MARKET UNCHANGED LARGE YARDING OF SHEEP , Wintry conditions were experienced I for the Pleasant Point sale, which u T as . held yesterday. Fat Cattle j About 50 head of fat cattle came forward, the quality being rather mixed. I The sale was on a par with late values. I The range was:— | Fat steers (best* £lO to £ll 12 6. I Fat steers (light). £7 to £9 26. ■ Fat cows ‘best), £9 to £lO 12 6 | Fat cows ‘medium), £7 to £8 26. ! Fat cows (light). £4 12 6to £6. I Fat heifers, £7 to £9 26. Store Cattle i A small entry sold as follows: I Bulls to £9. Empty heifers £3 17 6. ! Steers, £4 5-. Dairy Cattle j Good prices were paid for anything showing quality and close tj profit. j The range was:— j Springing heifers £5 to £ll 10/-. , Springing cows. £4 to £B. Fat Sheep ‘ The entry was a large one of three full races. Butchers appeared to be holding supplies and exercised care with their buying. She op suitable for export made prices the equal of late rates. Values were: Fat wethers ‘best) 26 - to 27 4. Fat wethers (light), 23 - to 24 4. Fat ewes ‘best). 15 - to 17 4. Fat ewes (medium). 13 - to 14 7. Fat ewes (light), 10 - to 11 10. Fat Lambs About 1200 fat lambs met with a keen sale at the following prices:— Fat lambs (best), 22 - to 24 4. Fat lambs (medium). 20 10 to 21/4. Fat lambs (light), 16 - to 18 7. Store Sheep A small yarding sold at unchanged rates. Values were:— 2-tooth wethers to 20 66. Wether lambs (small), 8 M.S. lambs. 11/3. Horses About 12 draught horses, including an outstanding 6-horse team, were offered to a, good attendance of farmers Bidding w r as keen and values showed a slight rise on late rates. Prices were:— 6-year-old geldings, 2 at £25 each. 4-year-old geldings to £29. 8-year-old geldings to £25. 8-year-old mares to £25/10/-.

1 £ s. d. £ s d. | N.Z. Govt. Debs.3* per cent. Inscr. 15 3 39-43 . . . 99 15 0 — 15 9 39-43 . . . 99 15 0 — 15 11 38-52 . . 101 0 0 — 15 5 39-52 . . . 101 5 0 — 15 1 53-57 . . . — 98 10 0 32 p.c. Inscr. 1941 99 10 0 — 4 per cent. Inscr., 1943-46 .... — 103 0 0 1946-49 102 0 0 103 0 0 4 per cent. Bonds, 1943-46 103 5 0 104 I 6 Company Debs.— C.F.C.A 94 0 0 97 0 0 Banks— Adelaide 5 15 0 6 0 0 Australasia . . . 9 16 0 Comm, of Aust. .. 0 15 8 0 15 10 (pref. > 9 8 0 Comm, of Sydney 20 15 0 E. S and A. . . . 4 16 0 — National of A asia <£10 paid* . . . — 13 6 0 National of N.Z. . 2 13 3 2 15 6 New Zealand . . . o 3 6 2 5 6 Union 8 5 0 8 12 0 Insurance— National — 0 17 10 New Zealand . . . — ■ 1 18 0 South British (10s paid) 2 6 3 — Loan & Agency— Dalgety 7 17 6 8 1 6 Goldsbrough Mort. 1 7 6 1 8 J N. Z Guarantee Corporation . . 0 4 5 0 4 6 Perm. Investment 9 15 0 10 7 6 Shipping— New Zealand (pf.) 11 ib 0 — Frozen Meat— N.Z Refrigerating £1 paid) .... 0 18 3 0 18 7 (10- paid) . . 0 8 3 0 8 5 Southland .... 1 9 6 1 11 0 Coal— Grev Valiev . . . — 0 12 6 Westport Stockton 0 3 1 0 3 6 (pref.) 0 6 3 — Pukemiro 0 18 0 — Gas— Auckland — 1 0 10 (contr.) .... 0 13 9 -— Christchurch . . . 1 6 10 1 8 0 Breweries — New Zealand . . . 2 2 '; .. .. 6 Timaru (in liqdn.) 0 () 10 0 1 1 Tooheys — 11 3 Miscellaneous — Booth. Macdonald (prefJ 0 1 11 0 J 3 Bea th and Co. . . — 1 0 0 British Tobacco .. 2 7 1 — i 3 Broken Hill Pty. . J 18 11 - 19 J •cont.) 1 15 3 — Dom. Builders . . () 4 0 5 8 DIC (10 - paid) 0 14 0 — Dunlop Rubber . . 1 0 6 1 0 8 Electrolytic Zinc A (pref.) 0 4 — Evans Atlas Flour 0 19 0 — G. J. Coles .... 4 1 9 4 a Hav’s, Ltd 0 16 9 Hume Pipe 'Aust.) 0 18 8 — Milburn Lime . . 1 10 0 — Millaquin Sugar . 1 17 0 MacdufTs, Ltd. . . — 0 18 0 McKenzie's, Ltd. . — 3 4 0 N Z b Co-op.— (’st pref.) . . . 0 0 — (“A” pref.) . . 1 17 0 1 19 3 <41 p.c. Stock. 1950) — 91 15 0 <4-’- p.c. Stock, 1955) — 94 5 0 N.Z Newspapers . 1 16 3 Qui’l Morris <1936* 0 18 —9 — Radio 0 19 3 1 0 0 Taranaki Oil . . . 0 14 0 0 14 6 Moturoa Oil .... 0 3 7 0 ■3 8 Wool worths. Ltd. (ord.) 1 0 6 1 0 Overseas ListingsWool worths (South Africa) .... 0 15 11 0 16 1 Mining— Argo — 0 2 6 (cont.) 0 1 6 — Big River 0 1 0 0 1 21 Gillespie's Beach . 0 0 0 0 10 Grev River .... — 0 12 3 Maori Gully . . . 0 0 ,)_ — Mossy Creek . . . — 0 1 2 Nemona — 0 1 71Nokomai — 0 0 Skippers 0 0 0 0 0 1 Waitahu 0 0 7 0 1 *• Worksop — 0 1 * Aust Mining— Broken Hill South 1 0 1 7 3 Mount Lvell . . . 1 ■ 1 8 1 3 2 Mount Morgan . . 0 8 4 0 8 5 (paid) 1 1 — (cont.) .... 0 13 0 North Broken Hill 1 16 6 1 17 3 Rawang Tin . . . 0 8 0 0 8 5 Ass. Mot. Petrol (pref.) — 1 8 0 Woolwortlis < West Unlisted— Aust.) — 4 10 0

Sales on ’Change £ s d 50 G. J. Coles 4 2 0 100 N.Z. Farmers’ Co-op. ("A” pref.) 1 17 6 300 Taranaki Oilfields .. .. 0 12 11 0 13 0 0 13 1 20 Woolworths Properties (rights) 0 3 8 100 Mount Morgan ic.d.) .. 0 8 4 Sales Reported— 500 N.Z. Guarantee Corp... 0 4 5 Afternoon Call Sales on C hange— £ s d 100 N.Z. Breweries (c.d.).. 2 2 6 50 Broken Hill Ppty 2 19 1 300 Taranaki Oilfields .... 0 13 11 0 14 0 0 14 1 20 Wool worths Properties (rights) 0 3 4 Sales Reported— £500 N.Z. Govt. 31 per cent. Inscr., 19339-52 .. . . 101 10 0 £500 New Plymouth Harbour 4’, per cent.. 1 9 56 104 0 0 118 Southland Frozen Meat <odd> 1 9 6 300 Taranaki Oilfields (3».. 0 13 1 AUCKLAND Sales on Change— £ s. d Stock 15 11 38-52 3« per cent 100 10 0 Bonds 15 4 46-49 4 per cent. 103 5 0 Comm. Bank of Aust. . 0 15 10 South British (2) O 7 0 Taringamutu Timber .. .. 0 12 6 Farmers Trading (2) .. .. 1 1 3 Robinson Ice 1 4 3 Taranaki Oil 0 12 3 0 12 9 0 13 0 0 13 5 Wilson’s Cement 0 16 9 Wool worths Properties (rights) (2) 0 3 9 Mount Lyell 1 2 9 Overseas List— Woolworths Holdings <S.A.) (2) 0 1G 0 Unofficial List— Auckland I-armors Freezing (£1 paid) 1 0 6 WELLINGTON Sales on Change— £ s a N.Z. Guarantee Corp 0 4 5 Equitable Building 0 13 3 Woolworths Properties (rights) <12) 0 3 8 New Plymouth Harbour Board, 1 9 56, 4’, per cent 101 0 0 British Tobacco <2> ' i 6 Electro. Zinc <ord.) 1 16 1 Ditto (prefJ 2 1 0 G. J. Coles 4 1 9 Gordon and Dutch •? ’ ■ 3 Moturoa Oil 0 5 1 (3) 0 5 3 (4» 0 5 6 0 5 6 Taranaki Oil (2) 0 13 0 (6* 0 13 3 0 13 ■ ■ Martha Gold 0 11 6 Overseas Listings— Woolworths Holdings <2» .. 0 16 0 DUNEDIN Sales Reported— Sales on ’Change— £ s. d Wool won hs Properties— (rights) 0 3 9 Sales Reported— Sandhills (c. div.) 0 0 3 Moturoa Oil (ord.) 0 5 3