COMMERCIAL STOCKS AND SHARES

Timaru Herald, Volume CXLIX, Issue 21957, 8 May 1941, Page 2

COMMERCIAL STOCKS AND SHARES

WELLINGTON Sales on ’Change: Commercial Bank (ord.), 14/-, N.Z. Refrigerating (con.), 7/-, 6/9. CHRISTCHURCH Sales on ’Change: £3BO Government Stock 4 p.c. 1949, £lO3/18/-. 100 E.S. and A. Bank 80/-, 100 N.Z. Refrigerating (con.) 6/11, 200 Dunlop Rubber 21/6, 300 Wilson’s Cement 18/6. 200 Broken Hill Proprietary 42/3, 50 at 42/6. AUCKLAND Sales on ’Change: War Loan 1/10/53 £B2 (3), Stock 15/3/40-43 4 p.c. £lOl, Stock 15/4/46-49 4 p.c. £lO2/17/6, Stock 15/6/82-55 4 p.c. £lO6/8/-, Stock 31/5/54-58 4 p.c. £lO7/5/-, Auckland Transport Board 1/4/44-47 4i p.c. £lO2, Mt. Albert Borough 1/7/43 4i p.c. £lO2, Auckland Gas (Perp. Stock) £96/15/-, Commercial Bank of Australia 13/11, Bank of New Zealand 36/9 (2), Union Bank £6/10/-, Standard 60/-, Dominion Breweries 28/- (3), N.Z. Breweries 30/9, Australian Alloy Steel 7/9, Farmers’ Trading 19/1 (2), ditto (B pref.) 22/- (2), Sanford (ord.) 4/-, Woolworths (Syd.) 16/2 (2), Mt. Morgan 9/6, Auckland Farmers Freezing (£1), 20/9. DUNEDIN Sales on ’Change: 4 p.c. Bonds 1982-55 £lO6, E. 8. and A. Bank 80/-, Westport Coal 23/3, Broken Hill Proprietary (2) 42/3, N.Z. Paper Mills 30/9, Wilson’s Cement 18/6, N.Z. Breweries 30/9. _______ DIVIDENDS DECLARED (P.A.) WELLINGTON, May 7. Dalgety and Co. have declared an interim dividend of 3/- a share, less British Income tax, payable on and after May 27. Bycroft, Ltd. has declared a final dividend of 4 per cent, payable on May 15. WESTPORT COAL COMPANY (P.A.) DUNEDIN, May 7. The directors of the Westport Coal Coy., Ltd., have declared an interim dividend of 6d a share, payable on May 30. AUSTRALIAN STOCK EXCHANGES (11.20 p.m.) SYDNEY, Maj* 7. A firmer tendency was noticed on ’Change to-day with increased turnover. Sales.—Commercial Banking of Sydney £lB/8/-, Associated News 11/9, pref 15/-, Australian Gas (A) £5/2/6, General Industries 17/-, Mort’s Dock 18/3, Adams 14/-, Felt and Textiles 37/3, Electrolytic Zinc 51/-, pref 52/-, Rawang Tin 7/3, Larut 6/2. Melbourne —Commercial Bank of Australia 12/10, Metropolitan Gas £l2/10/-, Broken Hill Pty 39/9, Drug Houses 26/-, South Broken Hill 23/1, Loloma 21/6. ADDINGTON MARKET A GLUT OF FAT CATTLE (P.A.) CHRISTCHURCH, May 7. At Addington to-day most sections were over-supplied and there was a moderate easing in prices for fat sheep and a sharp one for fat cattle. Store Sheep: About 4500 head met with a ready sale for best lambs (up to 17/3) for wethers, and also for young ewes. Old ewes, particularly coarse wools, were down by 2/- a head. Best Romney two-tooths made to 25/9, and sound-mouthed to 15/6. Fat Sheep: About 8500 were penned, including numerous southern ewes. Medium weight prime ewes and wethers and light ewes showed little change in values, but both heavy wethers and heavy ewes were dqwn, the former by up to 2/6 a head, while light plain wethers also were easier. Fat Lambs: The entry of 1100 was largely taken by the export trade at the recent slight advance in schedule rates. Fat Cattle: The entry of 674 glutted the market. Heavy Steers were down by 20/- to 30/- a head, and all other classes by about 20/-. The market has been easing for some weeks under the pressure of large entries, and to-day best beef was down to about 34/- to 36/- per 1001 b. from 32/- to 33/6 per 1001 b for medium, with rough down to 24/- per 1001 b. Very few steers to-day exceeded £l5, prime ranging from £l3 to £l4/10/-, and medium £ll to £l3. An army of cull cows sold down to £3/10/- a head. * Fat Pigs: Porkers eased by about 4/a head and baconers were a shade easier. Porkers made £l/14/6 to £2/19/6 (average price per lb Sid to 7id)> and baconers £2/17/6 to £4/16/6 (average price per lb 6id to 6ld). BURNSIDE SALE (P.A.) DUNEDIN, May 7. A yarding of 295 fat cattle was penned at Burnside to-day. Prime quality cattle were 10/- to 15/- a head better than last week’s rates. Prime steers made £l3/2/6 to £l7/7/6, medium £lO/17/6 to £l2/2/6, light from £B/17/6, prime cows and heifers £B/7/6 to £l2/17/6, medium £6/7/6 to £7/17/6, light from £4/12/6 to £5/12/6. A yarding of 2470 fat sheep was penned. Prime wethers were 1/- a head dearer and light ewes 1/- to 1/6 a head better than last week. Prime wethers made 24/- to 31/3, others 15/to 19/6, extra prime 13/9 to 18/3, others 8/3 to 11/9. Nearly 1270 fat lambs were penned and sold at 20/- to 33/6 There was a small entry of fat pigs and these met With keen competition, prices all round showing a slight advance.