Finance and Commerce

Timaru Herald, Volume CXLVI, Issue 21379, 23 June 1939, Page 16

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE YESTERDAY’S QUOTATIONS Special to " The Timaru Herald." CHRISTCHURCH, June 22. The following quotations were ruling when the Stock Exchange closed for the day:—

RISE IN TIN AND COPPER United Press Association—By Electric Tel egraph —Copyright

GOLD PRICE IN LONDON United Press Association—By Electric Telegraph—Copyright LONDON, June 21. Gold is quoted at £7/8/55 a fine ounce. FOREIGN EXCHANGE MARKET United Press Association—By Electric Telegraph—Copyright LONDON, June 21. Closing rates on London: U.S. dollar, 4.684; French franc, 1763; Java florin, 8.80. WHEAT MARKET LIFELESS AUSTRALIAN PRODUCE QUOTATIONS United Press Association—By Electric Telegraph—Copyright (Received June 22, 8.15 p.m.) SYDNEY, June 22. The wheat market is lifeless, but values are fractionally firmer. Silo grain is quoted at 2/5, bagged 2/71. Flour—£l2/15/- a ton. Bran and pollard—£4/5/- a ton. Potatoes, Tasmanian £l4 to £l7. Onions—Egyptian Brown £24; Victorian £23 a ton. Maize—Yellow 4/-;,white 4/2.

STOCKS AND SHARES YESTERDAY’S QUOTATIONS CHRISTCHURCH Morning Call

AUSTRALIAN EXCHANGES DULL DUE TO INTERNATIONAL TENSION United Pres? Association—Bv Electric Telegraph—Copyright (Received June 22. 8.15 p.m.) SYDNEY, June 22. The Stock Exchange to-day was very dull, due to the international tension and interest was largely confined to leading industrials. Sales were:—

BRICK AND PIPE INVESTMENT, LIMITED A net profit of £28,422. compared with. £22,615 in the previous year, was earned by Consolidated Brick and Pipe Investments Ltd. for the year ended March 31. The earnings are almost entirely composed of dividends received from subsidiary companies with £7626 brought in. There is £36,048 available for distribution. The year’s dividend has been raised from 4 per cent, to 5 per cent. This requires £27,920, leaving £Bl2B to be carried forward. The directors’ report states that the trading concerns under the control of the company wrote off depreciation amounting to £19,913 last year as against £21,307 in the previous year. The total depreciation written off for the ten years since the inception of the company is £152,531. The sum of £16,808 has also been spent on repairs and replacements, compared with £13,189 hi the previous year. The average yearly amount spent in repairs since the inception of the company has been £10,316.

WOOLLEN GARMENTS The result of a remarkable series of observations, extending over two years, as to the influence of woollen underwear on the health of school children in Paris has been conveyed to the Society of Comparative Pathology of France. Flannel undergarments were issued to a proportion of children in different age groups of 12 selected kindergartens in the poorer districts of Paris and in certain rural schools for older children. The ages of the children in those experiments ranged from six to fourteen r' the rural schools. The children selected for the experiment were in general the more weakly and debilitated in the several groups. The remaining children who did not receive wool under garments served as control for the experiments. The effects of the wearing of wool (flannel) were determined primarily by comparing the average number of days’ absence from school in the two groups. The results, which were given for individual schools and then summarised as a whole, are as follows:—Total number of children in the experiments, 938; children with wool underwear, average days absent from school, 8.98; children without wool underwear, average days absent from school 21.58. The health properties of wool so remarkably demonstrated by the recent experiments in France are being closely investigated in England, under the auspices of the International Wool Secretariat at the London School of Hygiene.

16 THE TIMARU HERALD, FRIDAY, 'JUNE 23, 1$ RUNCIMAN, PRYOR, LTD. AMORTON AND CO., LTD. H. ALLCHURCH AND CO. DALGETY AND CO., LTD. I THIS DAY AT 1.30 P.M. THIS DAY THIS DAY TO-DAY CLEARING SALE Hnan 0 e a n d MORTON AND CO., LTD. will Sell in Their Mart as follows:— f)NE THURMER PIANO (Berlin), 3 ALLCHURCH AND CO. will Sell AT LANDSBOROUGH ROAD Cottage Pianos, 6 Radios (Must be sold), 2 Gas Ranges, 2 Shacklock Ranges, 2 Champion Ranges, 1 Desk 12.30 p.m.—POULTRY. 1 p.m.—ROOFING IRON, 200 Sheets 12 Noon—POULTRY AND PIGS \ 1.30—15CWT TRAILER with Sides THURSDAY, JULY 6, 1939 EXCHANGE and 2 Forms, 2 Gent’s Racing Bikes, 1 D.B. Shot Gun, 1 Singer Machine (all sizes up to 9ft, in good order), also OREGON WINDOW FRAMES with (well shod). To follow: Fruit and Produce. (Note Alteration of Date) (Dressmaker’s Model), and Quantity Furniture, Sundries, etc. Glass 39" x 36”. 2 p.m.—HOUSEHOLD FURNITURE At 1 p.m. Sharp YESTERDAY’S QUOTATIONS 1.30 p.m.—Wheat. To follow: Sale of Superior Household Furniture, including: Quantity of E. Sacks, Double Stretcher, Box Ottoman, Drop Back Settee, Oval Rimu Table, Oak W.L. Table, 2 S.G. Chairs, Chest Drawers and Effects: 4 Axm. CARPETS, SIDERUNCIMAN, PRYOR, LTD. BOARD, DINING SUITE, OAK TABLE, Settee, OAK WARDROBE 0 ALGETY AND COMPANY, LTD., have received instructions from MR S. C. BUCHANAN (who has leased his farm), to hold a COMPLETE CLEARSpecial to “ The Timaru Herald. PYNE, GOULD, GUINNESS, DUCHESSE AND BED, 2 Single Wood Beds, :'l Bed, Tables, Chairs, Crockery, etc. Must be Sold. CHRISTCHURCH, June 22. The following quotations were ruling H.B. Chairs, Oak Jacobean Sideboard, 6 Oak H.B. Chairs, Dress Mirror, ING SALE of HIS STOCK AND when the Stock Exchange closed for LIMITED PLANT, comprising— the day:— Morris Chairs, Sundries, etc., etc. H. ALLCHURCH AND CO., CATTLE: buyers. £ s. d. tjeners. £ s. d. 1 STRATHALLAN STREET, TIMARU. ALSO at 2.15 p.m.—SALE OF TOWN AUCTIONEERS AND REAL ESTATE 5 MILCH COWS, in full profit N.Z. Govt. Debs.PROPERTIES, A/c. Public Trustee as AGENTS 4 MILCH COWS, due July 3i per cent. Inscr., Executor in the Estate of the LATE 1 MILCH COW, due August 15/9/39-43 . . . — 98 10 0 WILLIAM ALFRED BROAD, as adPOULTRY AND PIG SALES EVERY 1 S.H. COW and Runner 15/1/53-57 . . . 89 15 0 90 0 0 REMEMBER! REMEMBER! REMEMBER! vertised in la*st Saturday’s Issue. FRIDAY AT 12 O’CLOCK 1 YEARLING HEIFER 4 per cent. Inscr., 1943-46 .... 1952-55 .... 0 HORSES: 96 0 0 MORTON AND CO., LTD., PERUSE THIS COLUMN 1 DRAUGHT MARE. 7 years, A.W. 4 per cent. Bonds, TOP DRESSING IS NOT AN Auctioneers. CAREFULLY 1 S-DRAUGHT MARE, aged. A.W. 1943-46 .... 98 2 6 - EXPENSE IS THIS WHAT YOU WANT?—House 1 £-DRAUGHT GELDING, aged, 4 rooms and all convs., garage, i acre—too much ground for owner's requirements. If you can offer Banks — Comm, of Aust. . . it is an MORTON AND CO., LTD., 1 S-DRAUGHT FILLY, 25 years 0 15 10 0 16 0 INVESTMENT AUCTIONEERS brick bungalow 3 or 4 rooms, with 1 s-DRAUGHT FILLY, 15 years E.S. and A. . . . 5 0 0 — INVESTMENT INVESTMENT Valuators, Property Salesmen, Hotel Brokers small section up to £900 or so, handy to Presbyterian Church or at PIGS: National of A’asia (£10) .... 13 7 6 Highfleld, we can do business right 1 TAMWORTH SOW. due Aug. 14 (£5) . 6 6 6 6 10 0 Chief Agents— away, and we guarantee fair market 1 TAMWORTH BOAR National of N.Z. . New South Wales 2 30 6 17 6 6 THE UNITED INSURANCE CO, LTD values. 29 15 0 HOME AND MONEY-MAKER COMSUNDRIES: New Zealand . . . 1 19 0 1 19 6 We Are in a Position to Supply Various CLEARING SALE EXPERTS BINED.—6-roomed house, sleeping Spring Tip Dray and Frame, R. & Union 8 10 0 Either at Your Residence or in Our porch, etc; l-8th acre, situate near G. D.F. Plough, Duncan S.F. Lever Types of Top Dressers MASSEY HARRIS Modern Spacious Mart Everything Displayed to Advantage the beach, and handy to town. Section alone worth £350, and £725 secures. You cannot get a better investment. Plough, Wooden Roller, M.H. Cultivator, Disc Harrows, 2 Sets 3Insurance— New Zealand . . . 2 12 6 MASSEY HARRIS Service, Salesmanship, Satisfaction leaf Tine Harrows, Scuffler, C. & Valuations for Probate Duty Carefully D. 15-Coulter Drill, R. & G. Grass Loan & Agency— STORRIE WILLETT Made A RESIDENTIAL HOME WE THORSeed Drill, 2-Row Drill, M.H. 6ft Dalgety 6 5 0 6 10 0 STORRIE WILLETT Up-to-Date Modern Mart OUGHLY RECOMMEND.—2-storey Brick Bungalow, 7 rooms, sleeping porch and all modern convs., two sleeping huts, l-8th acre. £1400 is Seed Box, Sledge, Clod Crusher, 2 Sets Leading Chains, Spring Dray Harness, C.S. & B.. C.H. & W., Goldsbrough Mort. 1 6 10 HORWOOD BAGSHAW HORWOOD BAGSHAW £80 DEPOSIT N.Z. Guarantee Corporation . . 0 3 11 — 5-Roomed Wooden House, every convenience, good high, sunny section; close to school and church. Immediate possession. PRICE £460. the price of this property, handy to town. Yes! We will purchase a smaller house as part payment. Odd Hamess and Covers, 1 Steel Churn, 1 Wooden Churn, Wolseley N.Z. Loan & Merc. (ord.) United Building . 16 0 0 26 0 0 INCREASE 30Gall. Separator, about 150 Bags Good Oat Sheaf Chaff, Shed for 1 0 2 1 0 7 YOUR CARRYING CAPACITY YOUR CARRYING CAPACITY £100 DEPOSIT WE HAVE EVERY CLASS OF removal, Timber and Iron. Frozen Meat— Canterbury .... 9 9 0 PROPERTY FOR SALE — YOUR CARRYING CAPACITY modern convs. Good level section, situHomes, Sections, Businesses, Boarding DALGETY AND CO., LTD., Canterbury (pref) 6 0 0 — BY TOP DRESSING ated within 5 minutes of town and Bay. Houses, Farmlets, Farms, etc. N.Z. Refrigerating This Property is being sold to wind up We can recommend really good tenants Auctioneers. (£1 pd.) .... 0 15 6 an estate and trustees are determined to sell. Would make an ideal boarding house. PRICE £1150. (10/- pd.) . . North Canterbury (pref.) .... 0 7 3 — for homes, and also for farms to lease. 'PHONE 174 PROPERTY DEPT., 0 15 0 0 16 6 PYNE, GOULD, GUINNESS, MORTON AND CO., LTD., Or better still, arrange an appointment and state exactly your requirements. J. M. C. McLEOD, Southland .... Waitaki 4 2 0 1 9 9 LIMITED Auctioneers. — LAND AND ESTATE AGENT H. ALLCHURCH AND CO., Woollens— MACHINERY DEPARTMENT, SHAREBROKER AND GENERAL Felt & Textiles . — 12 Timaru Geraldine Walmate Fairlie MASON AND SINCLAIR THOMSON, Sharebrokers Accountants J HE KlALilU, The Oldest Established Mart in South Canterbury SECRETARY Kaiapoi (17/- pd.) (7/- paid) . . (Pref.) .... 0 0 0 11 4 14 0 0 0 0 0 0 12 4 14 3 3 3 Land and Insurance Agents. WAIMATE AUCTION COMPANY. Chief Agent for the North British and Mercantile Insurance Co., Ltd. NATIONAL MORTGAGE WE HAVE BUYERS FOR— Gas— Christchurch . . . 1 5 2 1 6 1 2 AND AGENCY COY., OF N.Z., LTD. (D—TWO NORTH END PROPERTIES (substantial cash deposits) Sellers are asked to forward (Incorporated in England) Breweries— £1250—15 ACRES FREEHOLD with a good 5-roomed house and all conSHEEP FARM WANTED full particulars or telephone 87 for inspection. Balling (15/— pci) New Zealand . . . 10 1 10 17 9 SHEEP FARM WANTED Tooheys veniences. Splendid outbuildings SHEEP FARM WANTED Handy to town. This is an exceptionally cheap property. We have an inquiry for a Block of We are Sole Agents for:— (2)—BUILDING SITES—Close in. Miscellaneous— Alloy Steel (N.Z.) 1 4 0 1 4 9 INGOING £400 Good Healthy. ‘Sheep Country in the Geraldine District, carrying THE BEST BURNER THE BEST BURNER (3) —FREEHOLD of Grocery, Fruit British Tobacco . Broken Hill Pty. . 2 3 10 5 11 9 2 3 11 5 5 1 about 1000 Ewes. Preferably beTHE BEST BURNER and Confectionery Business. (cont.) .... 2 18 6 3 0 3 £1100—10 ACRES FREEHOLD with modern 5-roomed Bungalow and tween Orari and Rangitata Rivers, or that type of country. Improvements not essential. The Fanners’ Great Labour Saver The Farmers’ Great Labour Saver FOR SALE Burns, Philp . . . Bartholomews . . 1 0 6 13 0 6 0 15 0 good outbuildings. Situate in Waimate Hills. An ideal place for early fruit and vegetables. The Farmers’ Great Labour Saver Dom. Fertilisers . Donaghy’s Rope . Electrolytic Zinc (pref.) 1 2 3 8 6 0 2 2 5 10 0 0 Used For— In Progressive County Town 2 14 0 2 15 6 INGOING £350 TO LET WEED CONTROL GORSE ERADICATION Restaurant and Confectionery Business Good Connection Farmers Trading . G. J. Coles .... (rights) .... 0 3 2 19 17 10 2 0 7 0 3 2 19 17 11 8 3 0/ • OFFICE PREMISES, 3 rooms, ground WAIMATE AUCTION COY. floor, central. BURNING TWITCH CLEARING SIDES OF DRAINS Full particulars to bona tide buyers. Hume Pipe (Aust.) 1 0 7 1 1 3 1 WATER RACES Milburn Lime . . Northeim Roller . 1 0 13 0 6 — 1 FENCE LINES, ETC. WILFRED MCCLURE, — McKenzies Ltd. . . —. 2 6 0 BUILD BETTER STOCK FOR SALE LIGHT AND EASY TO OPERATE Real Estate Agent — Geraldine. N.Z.F. Co-op.— (45 p.c. stock, By Using TIMARU LIME (The Lime that gives more for your SUBURBAN Confectionery, Fruiterers and General Storekeeper’s Business with Dwelling attached. LIGHT AND EASY TO OPERATE LIGHT AND EASY TO OPERATE ECONOMICAL ECONOMICAL A. N. OAKEY AND CO., 1955) N.Z.F. Fertiliser . N.Z. Newspapers . 81 0 1 0 16 12 0 3 0 1 13 6 money) PRICE 13/- PER TON. AUCTIONEERS AND REAL ESTATE AGENTS Quill Morris (1936) Radio (1936) . . . — 1 0 0 0 0 ECONOMICAL 18 Order through any Mercantile House HOTEL AND GENERAL VALUERS Standard Cement 1 2 0 or from the Registered Office of The MASON AND SINCLAIR THOMSON, Talbot Chambers, Beswick Street, Timaru. (Maximum Cost 6d Per Hour) Taranaki Oil . . . 0 6 8 0 6 11 Timaru Lime Co., Ltd, P.O. Box 21, or 'Phone 480, Timaru. NO PUMPING NO WASTE NO PUMPING NO WASTE Chief Agents Atlas Assurance Co., Ltd (Established 1808) United Provisions Whit. & Tombs . Woolworths, Ltd. (ord.) 0 2 7 17 10 9 0 3 9 0 0 0 Town Salesman: W. J. Hutchison 1 3 8 1 3 10 X NO PUMPING NO WASTE CLEARING SALE SPECIALISTS !THE CANTERBURY FARMERS 11 CO-OP.. ASSN., LTD. BESWICK STREET. TIMARU Land and Estate Agents, Auctioneers Woolbrokers, Valuators, Live Stock WE REPAIR STARTERS STARTERS STARTERS STARTERS “We Get the Sales Because We Give the Service” Aust. Mining— For Demonstration and Full Particulars, write or ring the— Broken Hill South Mount Lyell . . . Mount Morgan . . 1 1 7 6 6 11 1 1 0 8 7 10 0 4 5 North Broken Hill 2 8 0 2 10 0 Salesmen GENERATORS GENERATORS GENERATORS GENERATORS MAGNETOS MAGNETOS NATIONAL MORTGAGE AND AGENCY COY., OF N.Z., LTD. We are pleased to announce that we have secured the services of Mining— 0 10 0 Alexander .... MR W. J. HUTCHISON 270 ACRES, part of that strip of rich v loam on the north bank of the MAGNETOS MAGNETOS (Incorporated in England) Argo Austral (N.Z.) . . — 0 1 1 4 6 6 MOTORS MOTORS PROPERTY DEPARTMENT Big River .... 0 0 6 0 1 0 Hinds river with such a depth of soil MOTORS MOTORS that it can never be cropped out. Improvements comprise 5-roomed practically new bungalow, all convs., including electricity, garage, granary, woolshed, implement shed, loose box, sheep yards, etc. Also 100 acres light land which works in well with the rich portion. Anyone looking Mr a high grade farm VACUUM CLEANERS ETC., ETC. N.Z. LOAN & MERCANTILE AGENCY COMPANY. LTD. (Incorporated in England) Mr Hutchison has had CONSIDERABLE EXPERIENCE in both FARM AND TOWN PROPERTY, and he will be pleased to meet all his old and new Clients in HIS NEW APPOINTMENT Gillespie’s Beach . Grey River . . . Maori Gully . . . 0 0 0 0 17 0 8 0 8 0 0 0 0 17 0 11 9 9 A Thorough Knowledge of this Work Enables Us to Give Property For Sale by Private Treaty New River .... Okarito ....'. Skippers 0 0 75 0 0 0 2 10 U COMPLETE SATISFACTION to Wind up Estate Our Property Register has been 0 0 1

LONDON, June 21. June 20. June 21. Copper— £ s. d. £ s. d. Standard, spot 41 18 11 42 4 41 Forward . .. 42 4 41 42 10 71 Electrolytic .. 47 5 0 48 10 0 to .. 48 5 0 48 10 0 Wire bars .. .. 48 5 0 48 10 0 Lead— Spot .. . .. 14 15 74 14 15 71 Forward . .. 14 15 71 14 16 101 Spelter— Spot .. . .. 228 17 6 229 7 6 Forward . ..225 2 6 225 2 6 Silver— d. d. Standard, per oz. 19 1-8 19 Fine, per oz. .. 20 5-8 204

Sales on ’Change— £ s. d. 100 British Tobacco (c.d.) . 2 11 3 Sales Reported— 100 Broken Hill Ppty. (late sale yesterday) .. .. 3 6 0 3 6 6 Afternoon Call Sales on ’Change— £ s. d. 200 Woolworths (Syd. ord.) 1 3 10 1 3 9 100 Tooths Brewery 2 17 3 AUCKLAND Sales on ’Change— i ’ s. d. Bank of A’asia 9 5 o Natl. Bank of N.Z. .. . 2 6 3 Bank of N.Z. (2) 1 19 0 South British 2 2 6 National Insurance 0 16 6 Farmers Trading 0 19 6 Wilson’s Cement 0 17 7 Woolworths Ppty. (rights)) 0 2 0 Overseas List— Woolworths Holdings (S.A.) 0 14 11 WELLINGTON

Sales on ’Change— £ s. d. Wellington City, 1/3/43, 4J per cent 100 16 0 Broken Hill Ppty. .. 3 5 3 G. J. Coles (rights) .. .. 2 10 6 Bank of N.Z 1 19 o Comm. Bank (pref.) .. 9 10 0 National Bank of Aust. (£5 paid) 6 5 6 N.Z. Guarantee Corpn. .. 0 4 1 Wellington Gas 1 9 0 Woolworths Pptys 1 4 9 Do. (rights) 0 1 11 North Broken Hill 2 9 6 North Broken Hill 2 9 3 DUNEDIN Sales on ’Change— £ s. d. Bank of N.Z. 1 19 0 Broken Hill Ppty. .. 3 6 6 Woolworths (Syd.) (2) .. 1 3 10

£ s . d. Bank of New South Wales 28 15 0 Comm. Banking Sydney .. 18 18 0 Bank of Adelaide 5 15 0 Huddart Parker 2 10 0 British Tobacco 2 7 6 Tooths 2 12 3 Woolworths (N.Z. Delivery) 1 2 0 1 2 1J Aust. Cons. Industries .... 1 15 71 Dunlop Perdriau 0 19 6 Mark Foy 0 17 3 Hordern 0 13 10 General Industries .. .. 0 19 la United Provisions 0 8 3 Victoria Nyanza 0 11 6 Winchcombe Carson .. .. 1 3 6 Electrolytic Zinc 2 7 0 Mount Morgan 0 9 4 Broken Hill Propty 3 0 9 Ditto (contr.) 2 15 3 Melbourne Exchange Sales on ’Change were: — £ s. d. National Bank (£5 paid) .. 6 1 0 Metropolitan Gas .. .. 13 14 0 Coles (cum. rights) 4 1 0 Aust. Cons. Industries .. .. 1 15 9 Howard Smith 0 19 6 South Broken Hill 1 5 9 Emperor 0 9 1 Loloma 1 2 3