COMMERCE AND FINANCE

Otago Daily Times, Issue 24407, 19 September 1940, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE VALUES REMAIN FIRM The demand for long-term bonds and stocks was again well maintained on the Dunedin Stock Exchange yesterday, but there were no sellers in the market. The chief centres of interest were m the miscellaneous section. Broken Hills, which sold at £2 6s, were prominent, together with preferred D.I.C. shares, which sold firmly at £1 3s 9d, and G. J. Coles, which were higher at £3 6s Sd (buyer) and £3 10s (seller). Mac Duffs. ordinaries, were in keen demand, buyers raising their bid to 9s 6d. and New Zealand Drug, rights, again firmed to £1 6s Gd. After a sale at that figure, the shares continued in demand. There was a close market for New Zealand Breweries at £1 17s 6d (buyer) and £ I 15s (seller). The bid for Carltons improved to £3 2s without gaining any response. Several lines in the Australian mining section were well supported, but no business resulted. YESTERDAY’S SALES DUNEDIN Sales Reported £ s. d. Union Bank 700 Westport Coal 12 9 Broken Hill Proprietary .... 2 6 0 D.I.C. (pref.) ~ 13 9 Gillespie’s Beach 0 0 54 Sale on ’Change N.Z. Drugs (rights) 16 6 AUCKLAND Sales on ’Change.—Stock, 1953-57, 34 p.c., £IOO 12s 6d; Stock, 1954-58, 4 p.c., £lO7 12s 6d; A.T.8., 1944-48, 41 p.c., £104; City of Auckland, 1942. 4,1 p.c., £101; Bank of New Zealand (2), £2 2s 6d; F.A.C. (B pref.), £1 Is 6d; Dominion Breweries (2), £1 11s 6d; Broken Hill Pty. (late sale), £2 6s; New Zealand Drug (rights), £1 6s 9d; Emperor, 11s. WELLINGTON Sales on 'Change.—4 p.c. Stock, 1952 (late Tuesday), £lO6 12s 6d; 4 p.c. Stock, 1958 (late Tuesday). £lO7 17s 6d; Bank of New Zealand (late Tuesday), £2 2s 6d: Carlton Brewer# (late Tuesday), £3 3s 6d; Broken Hill Pty. (late Tuesday), £2 6s 3d; Mac Duffs (pref.: late Tuesday). 19s 6d; Bank of New Zealand (2), £2 2s 6d, £2 2s 8d; Wellington Woollen (pref.). £7 2s 6d: D.I.C. (pref.), £1 3s 9d; New Zealand Drug (rights), £1 6s 3d. CHRISTCHURCH Sales on ’Change.—N.Z. Breweries. £1 14s 9d: Wool worths (Sydney; ord.; ex div.), Sales Reported.—4 p.c. Stock, 1943-46 (late Tuesday), £103; 4 p.c. Stock, 1954-58 (late Tuesday), £lO7 17S 6d; New Zealand Breweries. £1 14s 9d; Carlton Breweries (late Tuesday). £3 3s 6d. MINING NEWS WEST COAST DREDGES (Per United Press Association) GREYMOUTH. Sept. 18. The returns for the first half of September are:— Barry town dredge, 2460 z for 211 hours (78,000 yards treated). Kanieri, 4670 z for 204 hours (93,000 ya Arahura, 4280 z for 264 hours (166,000 yards) DUNEDIN STARR-BOWKETT APPROPRIATIONS BY BALLOT At a meeting of shareholders of the Dunedin Starr-Bowkett Society last night the following appropriations were disposed 0 f- —No 5 Group—l3oth appropriation of £SOO by ballot. Cluster No. 14, five shares held by one shareholder, was successful. No 6 Group—9Bth appropriation of £SOO by ballot. Cluster No. 196, five shares held by one shareholder, was drawn. AUSTRALIAN STOCK EXCHANGES (United Press Association) (By Electric Telegraph—Copyright) SYDNEY. Sept. 18. (Received Sept. 18, at 11 p.m.) Trading on the Stock Exchange to-day was along cautious lines, with an undertone of firmness. , . „ _ .. The Morning Sales—Bank of New Soutn Wales, £26; Australian Consolidated Industries, £1 15s 6d (contributing. 16s 9d); Bradford Cotton. £1 18s IJd; British Tobacco, £2 8s 9d; Broken Hill Proprietary. £2 4s 3d; Drug Houses, £1 6s. Additional Sales.—Commercial Banking of Sydney, £l9 2s; Henry Jones. £2 13s 6d; Kandos, £1 10s; Newbold, £1 ss; Woolworths, 17s 7d; Wilcox Moffiin, 6s 4d; Bertel £1 12s; Mount Morgan, 8s Id: South Broken Hill, £1 5s 3d: Oil Search. 4s sd. MELBOURNE, Sept. 18. Consolidated Industries, £1 15s 3d; Howard Smith (ex div.). £1: Cox Bros., 7s; Drug Houses, £1 6s 3d; Emperor, 10s 6d; Loloma, £1 3s 6d. COLOMBO TEA SALE Mr L. M, Wright has received the following babied report on the Colombo tea auction of September 17:— At yesterday’s sale of 1,250,0001 b prices for common grades advanced about Jd. Medium teas also advanced Id to 4cl- Fine quality kinds were firm. A total of 1,250,0001 b has been catalogued for auction next week.

LATEST QUOTATIONS DRUGS RIGHTS FIRMER The following are yesterday afternoon's buying and selling quotations on tire Dunedin Stock Exchange, which are subieci to the usual brokerage;— N.Z. GOVERNMENT LOANS Buyer. Seller. £ s. d. £ s. d.

PUBLIC TRUST OFFICE

STATEMENT FOR AUGUST

Estates of a value of £866,693 were reported and accepted for administration by the Public Trustee during the month of August. The new business for the five months ended August 31 was £3,212,099. Grants of administration made by the court in favour of the Public Trustee numbered 139 for the month. During the month 726 new wills appointing the Public Trustee executor were prepared on behalf of testators and lodged for safe custody, and 472 existing wills were revised, to provide for changes desired by testators.

Fraser and Co., selling agents for Otago and Oamaru Egg Circles, report as under:—Eggs; Pleavy grade, Js 7d; standard grade, Is sd: and medium grade, Is 4d per dozen. Daily butter: Pals, 11s to Is; bulk, Is Id Potatoes, £2 10s to £3 10s per ton. Chaff. £7 to £7 15s per ton sacks extra. Canterbury onions, 15s per bag. Whole fowl wheat, to 6s 6d per bushel. Clover hay, £7 10s per ton. Honey, 7d to 8d per lb: 21b pottles, Is 6d; 51 b tins, 3s 9d: 101 b tins, Bs.

Poultry: White Leghorn hens, 4s 6d to 5s 6d: heavy breeds, 5s to 6s: cockerels—light 3s to 4s, heavy 7s to 8s; roosters, 2s 6d to 3s 6d; ducks, 3s 6d to 6s 6d; ducklings. 5s to 7s, all per pair. Turkeys: Gobblers. 8d per lb, live weight: hens, 7d per lb. We stock " Palmer's ” chick food. “ C.F.M.” meatmeal, leg rings Is per dozen (special quotes for quantities). We are Otago agents for “ Champion ’’ egg crates, “ Sol-vit-ax ” cod liver oil for poultry (prices on application). Consignors, please note that all poultry must arrive not later than Wednesday morning of each week. We have a stock of poultry crates on hand for use for our clients.

3 p.c. Bonds, 1939-41 .. 99 10 0 — 3 p.c. Stock, 1939-41 .. 99 10 0 — 3J p.c. Bonds. 1953-57 100 0 0 — 31 p.c. Stock, 1953-57 100 0 0 — 33 p.c. Stock, 1941 .. 100 0 0 — 4 p.c. Stock, 1940-43 .. 100 0 0 — 4 p.c. Bonds, 1943-46 .. 102 10 0 — 4 p.c. Stock, 1943-46 . . 102 10 0 — 4 p.c. Bonds, 1946-49 .. 105 0 0 — 4 p.c. Stock, 1946-49 .. 105 0 0 — 4 p.c. Bonds, Nov., 1948 104 10 0 — 4 o.c. Stock, Nov., 1948 104 10 0 — 4 p.c. Stock, 1949-52 . . 106 5 0 — 4 p.c. Bonds, 1934-58 .. 107 » 0 — 4 p.c. Stock, 1954-58 .. 107 5 0 — MINING Austral N.Z. Minins (£1) 1 2 6 Big River (Is) .. ,. 0 0 6 0 0 7 Clutha River (2s) 0 1 0 — Gillespie’s Beach (Is) 0 0 5 0 0 6 Martha 0 7 0 0 7 to Mossv Creek (Is) 0 1 0 — Nokomai (5s) .. .. 0 0 11 — Okarito (5s) .. .. 0 0 7 — Sandhills (Is) .. .. — 0 0 I Waihi Investments (5s) — 0 6 0 Waitahu (5s) .. .. 0 0 7 0 0 9 BANKING N.Z, (£1) 2 2 3 — N.Z. (long D; £1) .. 1 8 0 1 10 0 E.S. and A. (£3) .. — 4 15 0 Natl of N.Z. (£2 10s) 1 19 0 — Union (£5) .. .. — 7 6 INSURANCE National (7s) .. .. 0 18 9 0 19 4 Standard (£1) .. •• 2 17 6 — SHIPPING P. and O. Def. Stock (£1) — 1 4 0 U.S.S. Co. (pref.; £1) 1 6 0 — MEAT PRESERVING Canterbury Meat (pref.; £5) .. .. 0 10 0 — N.Z. Refrig. (paid; £1) 1 0 0 N.Z. Rcfrig (cont,; 10s) 0 9 4 0 9 8 South. Frozen Meat (paid; £1) .. .. 1 15 6 — South. Frozen Meat (pref.: £1) .. .. 1 15 6 ~T South Otago Freezing (£5) 5 4 0 5 15 0 Waitaki Farmers (£5) 4 13 6 — • LOAN AND 4GENCY Natl. Mortgage (£2) — 2 0 0 Natl. Mortgage (B issue; £ 1) 1 0 0 — Perpetual Trustees (18s) 2 10 0 — Trustees, Executors (£3) 4 5 0 •— Wright, Stephenson (ord,; £1) .. .. 1 0 3 Wright. Stephenson (pref.; £1) .. .. 0 19 9 — COAL AND OIL Kaitangata (16s) .. .. — i 11 6 Westport (10s) 1 2 6 — Westport - Stockton (pref.; 10s) .. .. 0 5 0 — WOOLLEN COMPANIES Bond’s Hosiery (£1) 1 7 0 — Bruce (ord-I £1) 0 18 2 — Kaiapol (pref.; 17s) 0 17 0 — Mosgiel (£4) .. .. 10 6 0 —- Timaru (£1) .. .. 0 11 0 — MISCELLANEOUS Aust. Iron and Steel (pref.; £1) .. .. 1 6 0 — British Tobacco (£1) — 2 9 0 Broken Hill Pty. (£1) 2 5 6 — Chas. Begg and Co. .. , 1 3 6 Crystal Ice (£1) 2 0 0 — D.i.C. (pref.; £1) .. 1 3 6 1 4 6 Dominion Fertiliser (£1) 1 7 0 — Dominion Rubber (£1) — 1 1 0 Donaghy’s Rope (£1) 2 13 6 2 15 0 Stock Exchange Prop. (£1) — 1 16 0 G. J. Coles (£1) .. 3 6 6 3 10 0 MacDuffs (ord.; £1) 0 9 6 — McKenzies Dept. Strs. (£1) 2 1 0 2 5 0 McLeod Bros. (£10) .. 26 0 0 — Natl. Electric (£1) .. 0 17 6 — N.Z. Drug Co. (rights) 1 6 6 — Farmers’ Fertiliser (£1) 1 0 6 — Wilsons Cement (10s) — 0 19 9 Woolworths (Sydney: ord.; 5s) *0 17 6 — BREWERIES N.Z. Breweries (£1) 1 14 6 1 15 0 Dunedin (£1) .. — 1 5 0 Tooths (£l) • 2 16 0 Carlton (£1) .. .. 3 2 0 — AUSTRALIAN MINING Broken Hill South (5s) 1 5 0 — Electro. Zinc (ord.; £1) — 2 12 0 Emperor (10s) .. .. 0 10 6 — Mount Lyell (£1) — 1 8 0 Mount Morgan (2s 6d) 0 7 9 — North Broken Hill (5s) 1 16 0 — Rawang Tin (10s) — 0 9 0 Wellington Alluvials (2s) — 0 4 7 UNLISTED STOCKS All stocks in this section are not quoted on the official list, and transactions are subject to a different rate of brokerage:— Buyer. Seller. £ s. d. £ 8. d. Dunedin Ice Cream .. 1 4 6 — Mackintosh - Caley - Phoenix 0 8 0 0 12 0 * Ex dividend.