Finance and Commerce

Timaru Herald, Volume CXLVII, Issue 21528, 15 December 1939, Page 13

Finance and Commerce

CHRISTCHURCH STOCK EXCHANGE

YESTERDAY’S QUOTATIONS Special to the Timaru Herald ” CHRISTCHURCH. December 14. The following quotations were ruling for the morning call on the Stock Exchange:—

ST. ANDREWS SALE

COMPETITION NOT KEEN An average yarding of fat cattle was penned at St. Andrews yesterday. The quality was only fair. Fat sheep met with poor competition. Values were:— £ s. d. £ s d.

WOOLWORTHS (N.Z.), LTD. ANNUAL MEETING OP SHARTHOLDERS United Press Association—By Electric Telegraph—Copyright SYDNEY, December 13. At the annual meeting of Woolworths (New Zealand), Ltd., the chairman, Mr C. Scott Waine told shareholders that the proposal to create a separate company to be known as Woolworths New Zealand Properties, Limited, had been abandoned indefinitely owing to developments in New Zealand’s financial position. He added that the company had experienced difficult trading conditions owing to New Zealand’s restrictions on imports. Nevertheless, results had been very gratifying. The current year would be probably still more difficult owing to the impossibility of replacing many bversea lines.

STOCKS AND SHARES

YESTERDAY’S QUOTATIONS CHRISTCHURCH

SALES IN METAL AND TIN STOCKS AUSTRALIAN STOCK EXCHANGES United Press Association—By Electric Telegraph—Copyright (Received December 14, 9.45 p.m.) SYDNEY, December 14. Business on the Stock Exchange today was confined largely to metal and tin stocks. Prices underwent only a minor alteration. Sales were: —

RESTRICTED INQUIRY FOR WHEAT AUSTRALIAN MARKETS United Press Association—By Electric Telegraph—Copyright (Received December 14, 9.45 p.m.) SYDNEY, December 14. There is a restricted inquiry for wheat. Silo grain is quoted at 3/SS, bagged 3/92. Flour, £l2/15/- a ton, and pollard £3/15/- a ton. Potatoes, Tasmanian £ll a ton, local North Coast, £6/10/- a ton. Onions, Queensland Brown £9/10/- a ton. Victorian £9 a ton. Maise, white and yellow 4/7 a bushel. FAT LAMB COMPETITION By Telegraph—Press Association ASHBURTON, December 14 Tlie annual export lamb competition at the Fairfield Works attracted 120 entries of very good quality. The placings were—E. B. Newton (Ashburton). Southdown cross, 1; Robertson (Winchmore), Southdown-Romney cross 2; S. P. Taylor (Eiffelton), Southdown-English Leicester cross, 3; Nicol Brothers (Ashburton), Shropshire cross, 4.

Buyers. Sellers. £ s. d. £ s. d. N.Z. Govt. Debs.— 3A per cent. Bonds • 15/1/53-57 . . 93 10 0 — 4 per cent. Iiiscr., 15/3.40-43 . . 99 15 0 — 15/2/43-46 . . 99 10 0 — 30/11/48 .... 99 5 0 — 15/4/46-49 . . 99 10 0 — 15/5/49-52 . . . 4 per cent. Bonds, 98 0 0 — 1943-46 .... 99 10 0 — 1946-49 .... 99 10 0 — Rural Bonds, 1947 98 0 4 —

Banks— Comm, of Aust. . 0 16 6 New South Wales 30 0 0 New Zealand . . . — 2 0 6 Union 8 2 0 8 6 0 Insurance— National .... 0 18 • New Zealand . . . 2 19 3 3 0 6 South British . . 2 7 6 Loan & Agency— Dalgety — 7 7 6 National Mortgage 1 0 0 — N.Z. Guarantee Corporation 0 3 6 Sth. Island .c.4. — United Building . 1 0 4 — Shipping— N.Z. Shipping . . — 12 10 0 Frozen Meat— Canterbury . . . — 10 0 0 N.Z. Refrigerating (£1 paid) . . . 0 19 6 1 0 0 (10/- paid) . . 0 9 0 0 9 2 Woollens— Felt and Textiles 2 2 6 Kaiapoi (17/- pd.) 0 12 10 0 13 1 (7/- pd.) . . . Oamaru ..... 0 4 6 — — 0 17 6 Coal— Grey Valley . . . — 0 5 0 Westport .... 1 3 4 1 4 3 Westport Stockton 0 3 □ — (pref.) 0 7 10 0 8 6 (^35—. Christchurch . . 1 6 0 — Breweries— Ballins <15-'- pd.) 0 11 6 New Zealand . . 1 16 2 1 16 6 Tooheys .... 1 11 7 — Tooths * 17 6 2 18 3 Miscellaneous— Alloy Steel (Aust.) 0 4 0 0 8 0 (N.Z.) .... 1 4 0 — Andersons (pref.) 0 16 0 — Aust. C.I 2 3 — Beath and Co. . . 0 13 6 0 16 9 British Tobacco 2 13 10 —— Broken Hill Pty. . 4 b 0 4 7 3 Doni. Fertilisers . __. 1 8 0 Dunlop Rubber 1 0 6 1 1 8 electrolytic Zinc (Ord.) .... 3 4 6 3 5 0 Farmers Trading 0 16 7 0 16 11 G. J. Coles . . . 4 2 0 — Henry Jones . . , 2 12 6 — Howard Smith . . 1 b 0 —— Hume Pipe (Aust.) Milburn Lime . . — 0 18 9 1 18 0 Morts Dock . . . ia 6 0 19 3 Macduffs Ltd. . . 0 3 8 0 4 0 (Pref.) .... 0 11 0 0 12 0 McKenzies Ltd. — 2 2 0 N.Z.F. Co.op (First Pref.) .... 2 17 6 — (4i p.c. Stk.’50) 80 0 0 — (4a p.c. Stk. ’55) 80 0 0 —. N.Z.F. Fertiliser . 0 17 6 0 18 6 N.Z. Newspapers . 1 7 3 1 8 6 Quill Morris <1936) 0 17 6 1 0 0 Standard Cement 1 2 6 —. Taranaki Oil . . 0 b 1 0 5 3 Wilson’s Cement . 0 18 0 0 19 0 Woolworths Ltd. (ord.) .... 1 4 9 1 5 0 <N.Z.) ord. . . 0 16 2 0 16 6 (N.Z.) pf. . . . 1 13 6 1 17 9 Aust. Mining— Mount Lyell . . . —- 1 13 3 Mount Morgan 0 9 8 0 9 11 North Broken Hill 2 13 6 — Rawang Tin . . . 0 12 3 — Mining— Addisons Flat . • 0 1 2 — Arahura .... 1 12 0 1 17 3 Argo — 0 1 3 Austral (N.Z.) . . 1 9 6 1 11 0 Barrytown 0 17 0 — Gillespie’s Beach . — 0 0 10 Golden Sands . . — 0 1 4 Grey River . . . 0 18 0 0 18 6 Kanieri 1 13 0 1 15 9 Maori Gully . . . — 0 ) lOi Martha 0 8 3 — Moonlight .... 0 0 b 0 0 8 New River . . . — 0 ) m Ngahere 1 7 6 1 8 0 Waihi 0 6 6 —

Medium weight bullocks .. .. to 10 17 6 Light 7 0 0 to 8 12 6 Prime fat cows .. to 12 17 6 Light to medium 5 2 6 to 7 12 6 Prime heifers to 10 2 6 Light 5 5 Oto 7 2 Vealers 1 2 6 Cows and runners to 7 6 Sheep s. d. s d. Prime fat wethers .. to 21 7 Prime fat ewes .. .. 15 4 to 18 10 Light to 12 4 4 and 6-tooth wethers to 15 7 Pigs 20 0 to 23 0 27 0 to 31 0 Light porkers to 33 0

Morning Cali Sales on 'Change— 100 Woolworths (Syd. ord.) 50 Mount Lyell £ 1 1 s. d. 4 11 13 0 Sales Reported— 300 N.Z. Breweries 1 16 0 (2) 1 16 3 100 British Tobacco 'ex. div ) 2 14 3 500 N.Z. Newspapers .. .. 1 8 6 Unlisted Stocks— 100 Assoc. Gold Dredges (7/- paid) 0 10 0 Afternoon Call Sales on Change— £ S. d 100 Kaiapoi Woollens <17 - paid) 0 12 10 Sales Reported— 200 N.Z. Refrigerating (£1 paid) i If 9 100 Farmers’ Trading .. .. 0 16 11 500 N.Z. Newspapers <2) .. 1 8 6 100 Rawang Tin 0 12 3 AUCKLAND Sales on 'Change— £ s d. Stock, 15 3 40-43, 4 p.c. .. 100 0 0 Do. 15 2 43-46, 4 p.c. 100 0 0 Do. 15,4/46-49, 4 p.c. (2) .. 99 5 0 Do. 30 11 48, 4 p.c 100 2 6 Do. 31 5'54-58, 4 p.c. (2) .. 98 10 0 Bank of New Zealand (3) 2 0 3 Union Bank 8 2 N.Z. Insurance 3 0 3 N.Z. Guar. Corpn 0 3 9 Taupiri Coal 0 18 9 Westport Stockton (ord.) . 0 3 7 Dom. Breweries (rights) (2) 0 6 7 British Tobacco 2 14 3 Colonial Sugar Farmers’ Trading 56 10 0 0 17 0 N.Z. Drug Farmers' Fertiliser 3 15 0 0 18 0 N.Z. Newspapers 1 8 6 N.Z. Refrigerating (con.) .. 0 9 Reid Rubber 1 3 0 Taranaki Oilfields 0 5 1 Broken Hill South 1 13 3 Mount Lyell 1 13 3 Rawang Tin 0 12 6 0 12 4 WELLINGTON Sales on Change— £ s. d. Woolworths (N.Z.) 0 16 3 Mount Lyell 1 13 6 Stock, 1948, 4 p.c 100 2 6 Bank of N.Z 2 0 6 N.Z. Guar. Corpn 0 3 10 0 3 95 Christchurch Gas 1 6 3 N.Z. Insurance 3 0 3 Crown Brewery (in liqdn.) 0 1 54 N.Z. Breweries 1 16 0 1 16 3 Electrolytic Zinc (pref.) .. 3 5 3 Taranaki OU 0 5 1 Unofficial List— Scoullar Co 0 7 6 DUNEDIN Sales on ’Change— £ s. d. Bank of New Zealand .. .. 2 0 6 N.Z. Refrigerating (con.) .. 0 9 1 Sales Reported— Stock, 1949-52. 4 p.c 98 0 0 Westport Coal 1 4 0 Woolworths Properties .. .. 1 5 6 Dom. Breweries (rights) .. 0 6 9 Mount Lyell 1 13 0 N.Z. Refrigerating (paid) . 0 19 6

Bank of New South Wales £ 27 s. d 0 0 Comm. Banking of Sydney 18 11 0 Queensland National Bank 4 10 3 Huddart Parker 2 17 3 Australian Gas A 6 18 6 G. J. Coles 3 13 6 Wool worths 1 2 0 Consolidated Industries 1 18 0 Stedman 0 11 6 Gordon and Gotch .. .. 2 6 3 Winehcombe Carson .. .. 1 8 0 Broken Hill Proptv 3 17 6 Rawang 0 10 2 Loloma 1 5 6 Melbourne Exchange G. J. Coles 3 13 9 Dunlop Perdriau 0 18 11 Electrolytic Zinc 2 18 0 (pref.) 2 19 0 Mount Lyell 1 10 0 Broken Hill Proptv 3 18 0 Broken Hill South 1 18 10 Emperor 0 12 6 Loloma 1 5 6