COMMERCE AND FINANCE

Otago Daily Times, Issue 24423, 8 October 1940, Page 2

COMMERCE AND FINANCE

THE SHARE MARKET DUNEDIN STOCK EXCHANGE POSITION REMAINS FIRM Bank of New Zealands were disposed of at £2 2s 6d on the Dunedin iStoen Exchange yesterday, the market closing with a buyer at £2 2s and no sellers forward. Union Banks were also the subject of business at £7 2s 6d. a final buyer at £7 Is (id being unsupplied. South Otago Freezings were sought after at £5, ex dividend, without response from sellers. The demand for coal-mining shares showed' no change, and woollen companies were again steady. The demand for miscellaneous industrials also remained practically unchanged. New Zealand Drug rights ’were inquired for at £1 6s 9d. Buyers, of. New- Zealand Breweries were prepared to give £ 1.12 s 9d, but sellers would not accept less than £1 15s. YESTERDAY’S SALES , ~ DUNEDIN "

N.Z. Farriers Fertiliser, .... 116 AUCKLAND Sales on ’Change.—Stock, 1940-43, 4 p.c., £lOl 2s 6d; Mount Albert Borough, 1959, 4L p.c. (late sale), £107; Auckland Gas (2). 8s 3d; Devonport Ferry, £1 2s 3d; Dominion Breweries, £1 10s; Consolidated Brick, 7s 4d; New Zealand Fertiliser, £1 Is 9d; New Zealand Fertiliser (pref., 2), £1 3s; Woolworths Properties, £1 4s 6d; Woolworths (Sydney, late sale), 16s 3d; Woolworths (Sydney), 18s 2d; Broken Hill South, £1 6s; Emperor, 11s 6d; Mount Lyell, £1 10s; Okarito, 7£d; Rawang Tin, 7s 6d. WELLINGTON Sales on ’Change.—-Bank of New Zealand . (2). £2 2s' 6d; Equitable Building (2), 12s Gd; Huddart, Parker (pref.). £1 6s 9d; Woolworths, Ltd. (2), 18s 3d; West-port-Stockton (ord.), 2s 2d. CHRISTCHURCH Sales on ’Change.—Broken Hill Proprietary, £2 6s 9d; Mount Lyell (2), £1 10s; Mount Morgan, 8s 6d. Sales Reported.—Australian Consolidated Industries, £1 18s; British Tobacco, £2 9s Gd; Woolworths (Sydney, ord., 2). 18s 3d. MINING NEWS BIG RIVER REPORT The following Is the Big River Gold Mines, Ltd,,* report for September:— Thirty-seven tons of stone were produced from No. 5 winze stopc. Going south, the face of stone has increased in width, being now six feet wide. Prospecting was carried on in No. 1. No. 4 and No. 6 levels, without anything of value being disclosed as yet. No. 7 level was advanced 48 feet for the month, making a total driven of 135 feet, leaving 50 feet to go to reach the ore channel. GILLESPIE’S RETURN The Gillespie’s Beach Gold Dredging Company, Ltd.’s, wash-up for the week ended October 5 was 420 z 14dwt for 134 hours’ work (16,509 cubic yards). CLUTHA RIVER RETURN For the week ended October 4. the dredge of Clutha River Gold Dredging, Ltd., operating at Alexandra, worked 121 hours and recovered 2000z.‘ ' : ; 1 ■ OVERSEAS'. SCARES POSITION OF DOMINION HOLDERS • - <Per United Press Association) ■ WELLINGTON. Oct. 7. The Stock Exchange Association of New Zealand has to-day been officially advised by the Reserve Bank that to the extent that New Zealand holders of shares domiciled outside New Zealand desire to take up rights which they may have in respect of further issues of overseas shares by companies in which they are already shareholders, such holders will be permitted to dispose of their shares in the same company or in any other company of the same domicile to provide .the amount required for that purpose.

PROPERTY SALES Alex. Macdonald, land agent and auctioneer, reports the following sales for the week ended October s;—For Mr T. W. King, Pollock street, brick bungalow. io Mr Forsythe: for Mrs Mary Woods, one storey and a-half double brick residence, to Mr S. Harris; ,to Mr J. Upjohn, a brick bungalow in Durham street; to Mr F. Shirley, three sections in Brightontotal. £6330. Scott Bros., produce merchants and commission agents, licensed egg merchants, report Eggs: The Associated Agents quote:—Eggs: Heavy, Is 6d; standard, Is 4d; medium. Is 2d; soiled or dirty, Is 2d; pullets', Is per dozen. Separator butter: Wanted; to Is per lb. Honey, 7Jd to BJd per lb; 101 b tins. 8s Gd each: 51b tins, 5s each. Beeswax, Is to Is 3d per lb. Poultry: Good demand: hens, 2s to 2s 6d each; heavy breeds. 2s 6d to 3s 6d each; roosters, 9d to Is each; cockerels, 2s 6d to 4s 6d each; ducks, 2s to 3s each; ducklings, tip to 4s each; geese, 3s to 4s 6d each; goslings. 3s 6d to 5s each; turkeys, gobblers 8d to 9d per lb, hens 7d to 8d per lb. Fat: Nominally 8s to 10s per cwt. Potatoes: Arran Chief, in over-supply; nominally £2 10s per ton; King Edwards. £3 10s per ten. Carrots, 2s to 2s 6d per sugar bag. Parsnips; slow:. Is 6d to 2s per sugar bag. Swedes, Is 6d to Is 9d per sugar bag. Onions; New season's Canterburys, 14s 6d per cwt.. Whole fowl wheat.. 6s 3d to,6s 9d per bushel. sacVs extra. New Zealand cape barley, 6s per bushel, sacks extra. Australian cape barley. 4s per bushel. Australian Chevalier. 4s 3d, s.i., ex store. Undergrade wheat, to 21s per sack, s.i. Chaff: Prime oaten sheaf, £6 10s per ton, ex truck: £7 10s ex store; bags extra. Whole maize, Is 6d per bushel. Oyster grit. 6s 6d per 1001 b bag. Straw: Wheaten and barley. 2s Dd per bale, ex store. Lucerne meal. 12s per 901 b bag. Lucerne chaff. 8s 6d per sack. Oats: Cartons, 4s 6d to 4s 9d per bushel, sacks extra. Free use of fowl crates on application. Wc have in stock chick and pullet grit, new season's chickfood (fine, medium ana coarse), bone meal. Black Leaf " 40.” etc. Prices on application.—October 7, 1940.

LATEST QUOTATIONS NO MAJOR CHANGES The following arc yesterday afternoon’s buying and selling quotations on the Dunedin Stock Exchange, which are subject to the usual brokerage:— N.Z. GOVERNMENT LOANS

*Ex dividend 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. £ s. d Mackintosh Caley Phoenix 0 8 0 Otago Farmers (A pref.)

., Sales Reported £ S. d. Bank of New Zealand ... .. 0 2 6 Union Bank (late Friday) 7 2 6 Union Bank .... 7 2 6 N.Z. Refrigerating (cont.) .. .. 0 9 6 Dalgety and Co. >.. .. .. .. 7 0 0 Big River .. 0 0 9 Sale Reported After Last Call

Buyer. Seller. £ s. d £ s. a. 3i p.c. Bonds, 1953-57 101 0 0 — 3J p.c. Stock, 1953-57 101 0 0 — 3iJ p.c. Stock, 1941 101 0 0 — 4 p.c. Stock, 1940-43 .. 100 10 0 — 4 p.c. Bonds. 1943-46 !. 102 5 0 — 4 p.c. Stock, 1943-46 .. 102 5 0 — 4 p.c. Stock, 1949-52 .. 106 10 0 — 4 p.c. Bonds, 1952-55 .. 106 10 0 — 4 p.c. Stock, 1952-55 .. 106 10 0 — 4 p.c. Bonds. 1954-58 ., 107 10 0 — 4 p.c. Stock, 1954-58 .. 107 10 0 — MINING Austral N.Z Mining (£1) 1 5 0' 1 8 0 Big River (Is) .. .. 0 0 6 — Central Shotover (Is) — 0 0 1 Clulha River (2s) 0 1 8 0 2 3 Gillespie's Beach (Is) 0 0 5 0 0 6 Martha . 0 7 6 — Nokomal <5s) .. .. 0 1 0 — Okarito (5s) .. .. 0 0 7 0 0 8i Waitahu (5s) .. .. 0 0 7 0 0 8 BANKING N.Z. (£1) 2 2 0 — N.Z. (long D; £1) .. ,1 8 0 — E.S. and A. (£3) .. — 4 15 0 Natl, of N.Z. (£2 10s) — 2 1 0 Union (£5) 7 1 6 — INSURANCE National (7s) 0 18 6 New Zealand (£1) .. 3 n 0 — Standard (£1) .. .. 2 18 0 — SHIPPING Howard Smith (£1) 1 0 0 — P. and O. Def. Stock (£1) — 1 4 0 U.S.S Co. (pref.; £1) 1 6 0 — MEAT PRESERVING N.Z. Refrig. (paid; £1) — 1 0 0 N.Z Refrig (cont.; 10s) 0 '9 5 0 9 7 South Otago Freezing (£5) *5 0 0 — LOAN AND AGENCY Natl. Mortgage (£2).. It 0 0 Perpetual Trustees (18s) 2 11 0 — Trustees. Executors (£3) 4 4 0 Wright, Stephenson (ord.;. £1) .. .. — 1 0 3 COAL AND OIL Kaitangata (16s) 1 11 6 Westport (10s) .. .. 1 2 8 1 3 0 Westport - Stockton (ord.; 10s) .. .. — 0 2 3 Westport - Stockton (pref.; 10s) .. .. 0 5 0 — Taranaki Oil (£1 4s 7d) — 0 6 6 WOOLLEN COMPANIES Bond’s Hosiery (£1) 1 7 0 Bruce (crd.; £1) 0 18 4 — Kaiapoi (ord.; 17s) .. — 0 14 9 Kaiapoi (cont.; 7s) .. — 0 5 6 Kaiapoi (pref.; 17s) .. 0 16 3 — MISCELLANEOUS Aust, Iron and Steel Cv (prdf.; £1) .. .. — 1 8 9 Broken Hill Pty. (£1) — 2 7 0 Chas. Begg and Co. .. 1 I 0 — Crystal Ice (£1) 2 1 0 — D.I.C. (pref.; £1) .. 1 3 6 — Dominion Fertiliser (£1) 1 7 0 — G. J. Coles (£1) 3 7 6 — Kauri Timber (£1 5s) — 1 5 0 MacDuffs (ord.; £1) — 0 11 6 Milburn Lime (£1) 2 0 0 McLeod Bros. (£10) — 27 10 0 Natl. Electric (£1) .. 0 17 0 — N.Z. Drug Co. (£2) — 3 14 9 N.Z. Drug (rights) .. 1 6 9 — Otago Daily Times (£1) —- ■ 2 0 3 Regent Theatre (£1).. — 1 0 6 Southland Ice Cream (£1) ' 1 10 0 Woolvvorths (Syd.: ord.; 5s) .. .. .. 0 18 0 — BREWERIES N.Z. Breweries (£1) 1 12 S 1 15 0 Dunedin (£1) .. .. — 1 2 6 Tooths (£1) .. .. — 2 17 0 AUSTRALIAN MINING Broken Hill South (5s) 1 5 6 Electro. Zinc (ord.; £1) 2 11 0 — Emperor (10s) .. .. 0 10 9 — Mount Lyell (£1) .. 1 9 6 1 10 6 Mount Morgan (2s 6d) 0 8 3 —