STOCKS AND SHARES

Timaru Herald, Volume CXLV, Issue 21085, 11 July 1938, Page 14

STOCKS AND SHARES

NEW ZEALAND STOCK EXCHANGES CHRISTCHURCH

RETAIL PRICES IN LONDON The New Zealand Meat Producers Board has been advised by its London Office, that the following retail prices were being quoted for New Zealand lamb and mutton retailed in London during June 1938.

PRICE OF GOLD till’d Press »»!•• non U' Telegraph Copyright < Received July 10, 6.30 p.m.) LONDON, July 8. Gold is quoted at £7/1/15 a fine ounce, unaltered from yesterday. SIGNS OF CONFIDENCE IN LONDON MARKETS ADVANCE SEDATELY United Press Association By Electric Telegraph -Copyright (Received July 10, 6.30 p.m.) LONDON, July 8.

Though the improvement in business in London to some extent is still a reflection of Wall Street, there are indisputable sigils that confidence is returning. The city’s chief anxiety is that the progression of values should be orderly, and in view of this the outbursts in New York are mistrusted. London markets are tending to advance sedately on a perfectly sound technical position. The fact that gilt-edgeds and equities have risen together for nearly three weeks is producing a more confident feeling among investors. The Anglo-German debt settlement has also been a favourable influence. The bond market is firm, including New Zealand bonds, which have benefited from the categorical Government statement that default is out of the question. Business in industrials quietened down at the close of the week. The outlook for textiles remains gloomy, especially in view of the heavy increases in unemployment. Base metals and rubbers were the strongest amongst commodity-based shares. Oils were active. '

LONDON MARKETS United Press Association -By Electru Teleeranh Copyright (Received July 10. 6.30 p.m.) LONDON, July 9. 1 Friday’s closing prices were:— Cotton—Spot 5.16 d per lb, August | 4.97 d. Rubber—Para £7 per ton, plantation smoked £7/6/3. Jute —July-August £l7/18/9. Copra—July-August, South Sea, £lO 2/6, smoked £lO/2/6, plantation Rabaul £ll/2/6. I Linseed oil —£26/5/- a ton. Turpentine—32/- per cwt. Liverpool futures are:— Wheat —July 6/3 per cental, October 5/8 3-8, recember 5/6 11-16. Apples in Good Demand Smaller supplies of apples were in good demand. Prices were: New Zealand, ex Coptic, Sturmers 8/- to 11/a case, Grannysmiths 10/9 to 12/6; j Tasmanian Sturmers 8/3 to 11/6. Grannysmiths 9/- to 11/6; New South Wales Grannysmiths 11/3 to 12/6,

Morning Call Sales on ’Change: £ s. d. 500 Comm. Bank Aust, (c.d.) 0 16 4 (3) 0 16 5 100 Electro. Zinc (ord.) .. 2 3 0 r » 2 9 200 G. J. Coles 4 3 3 4 3 2 4 3 1 4 2 11 200 Taranaki Oilfields (2) 0 14 0 150 Broken Hill South .. .. 1 13 1 1 13 0 1 12 11 1000 Mount Morgan (c.d.).. 0 10 9 (4i 0 19 8£ 0 10 8 (4) 0 10 7i Sales Reported— 30 Natl. Bank A'asia (£5 paid) 6 13 0 100 N.Z. Insurance 'late 8th 2 15 8 100 Standard Insurance .. 2 16 0 200 N.Z. Breweries 3 0 100 Westport Coal 1 4 6 AUCKLAND Sales on ’Change— £ S. d. Comm. Bank Aust 0 16 8 E.S. and A. Bank 5 3 0 Bank of N.S.W. (Syd. reg.) 31 10 0 N.Z. Insurance 15 9 North Auckland Farmers Co-op. (B. of.) 0 10 3 Huddart Parker (ord.) (2) 6 0 Dominion Breweries .. .. 1 16 0 Tooths Breweries • 1 14 6 Aust. Alloy Steel 0 10 0 Aust. Paper and Pulp (pf.) 1 14 9 Broken Hill Ppty ■’ 19 6 Dunlop-Perdriau (pi.) .. .. ■ 0 0 Electro Zine (pfj 6 6 Farmers’ Trading 1 0 a Martha 0 11 9 0 11 10 Mount Morgan 0 10 7 0 10 8 WELLINGTON Sales on Change— £ s d Stock 1955 4 per cent 102 5 0 Comm. Bank of Sydney .. 20 7 6 Woolworths (N.Z.) ord. 1 1 6 1 0 10 Stock 3/39/43 31 per cent. 100 7 6 McKenzie’s 3 3 6 Felt and Textiles 1 12 10 Unofficial List— Woolworths Properties (10 - paid) 0 14 0 DVNr.DIN Sales Repo: led— s. d Austral N.Z. Mining 1 1 6 Mount Morgan 0 10 8 S?les Renort-d— Broken Hiill (contr.) .. .. 1 15 9 Mount Morgan 0 10 9 Mount Lyell 1 9 0 Unlisted— A. and T. Burt (pf. £1 pd) 0 13 0

Lamb Legs Per lb. d. . 12 Shoulders . 11 Loins . 11 Necks 6 Breasts . 3 Forequarters . 81 Hindquarters . 11 Mutton (Wether) Legs Per lb d. 91 Shoulders 81 Loins 81 Necks 3 Breasts 2