STOCKS AND SHARES

Timaru Herald, Volume CXLVIII, Issue 21554, 17 January 1940, Page 11

STOCKS AND SHARES

STORAGE OF WHEAT

PROBLEM in AUSTRALIA To overcome difficulties that will arise if shipping irregularities continue, the Federal Government has assumed powers by new national security regulations to commandeer buildings suitable for the storage of wheat. Simultaneously, power has been taken to commandeer whatever supplies of corn sack the Wheat Board may require to store wheat pending shipment. The Minister of Commerce (Senator McLeay) believes that at one stage during the coming year as much as 100,600.000 bushels of wheat may have to be stored in Australia if ships for its export cannot be obtained. The regulations made will permit the Government to commandeer part of the storage needed without having to erect special buildings. They provide for the payment of compensation for an amount mutually agreed to between the owners of storage or the owners of corn sacks and the Wheat Board, or, in the event of a disagreement, by arbitration.

— YESTERDAY’S QUOTATIONS — CHRISTCHURCH Morning Call Sales on Change— £ s (i 100 Broken Hill Propty. .. 4 8 6 100 Woolworths (Syd. ord.) 1 5 4 100 Woolworths (N.Z.) .... 0 16 5 Sales Reported— 200 N.Z. Breweries 1 17 6 100 Woolworths (N.Z.) 0 16 6 Afternoon Call Sales on Change— £ s. d. 50 Broken Hill ProDty. 4 10 0 100 Kaiapoi Woollens (17/paid) 0 13 2 100 Woolworths (Syd. ord.) 1 5 5 100 Mount Lyell 1 13 0 Sales Reported— 200 Wool worths, Ltd 1 5 5 1 5 4 AUCKLAND Sales on ’Change— E s ij Rural Bonds, 15 9 47. 4 p.c. 100 10 0 Stock. 15 5 49-52. 4 p.c. .. 100 0 0 Nat. Bank of N.Z. (2) .. .. 2 2 3 Bank of N S W 30 10 0 Bank of New Zealand .. .. 2 0 9 National Insurance 0 18 6 N.Z. Insurance (2) 3 2 0 South British 2 10 0 Auckland Gas 0 17 0 Kauri Timber 1 2 0 Leyland O’Brien 0 12 0 N.Z. Breweries .. .. 1 17 7 1 17 8 Dom. Brewery (new. fullv paid) 1 12 6 Consolidated Brick .. .. 0 9 0 Electrolytic Zinc (ord.) 3 6 6 Farmers' Trading 0 17 0 0 17 1 Milburn Lime 1 19 6 1 19 9 Taranaki Oil Dev 0 2 4 Taranaki Oilfields 0 5 4 Wilson's Cement 0 19 U (2) 0 19 1 Wool worths (N.Z.) 0 16 6 Woolworths (Syd.) 1 5 3 1 5 4 1 5 5 Broken Hill South 1 14 0 1 14 3 Emperor . • 0 16 6 Mount Morgan (2) 0 9 6 Wellington Alluvials 0 4 7 Overseas List— Woolworths Holdings (South Africa) 0 16 0 WELLINGTON Sales on ’Change— £ S. d Gordon and Gotch 2 13 0 Woolworths Properties (2) 1 5 6 Comm. Bank of Australia .. 0 16 3 Stock, 1958, 4 p.c. (2) .. .. 100 2 6 N.Z. Guar. Corporation .... 0 3 10 Auckland Gas (ord.) .. .. 0 17 0 Broken Hill Propty. (6) .. 4 8 3 4 8 4 4 8 6 4 9 0 Consolidated Brick 0 9 0 N.Z. Farmers’ Fertiliser .. 0 18 n Wilson’s Cement (2) 0 19 0 0 9 6 1 17 6 DUNEDIN Sales on ’Change— £ s. d. 1 19 6 Woolworth’s (N.Z.) 0 16 6