COMMERCIAL

Southland Times, Issue 21101, 5 June 1930, Page 2

COMMERCIAL

INVERCARGILL STOCK EXCHANGE.

YESTERDAY’S QUOTATIONS.

At yesterday’s meeting of the Invercargill Stock Exchange the following sales were reported:— , New Zealand Breweries (shares), 52/2. Huddart-Parker (ord.), 38/6. The following quotations were also made: Australian Bank of Commerce: b 24/9. Commercial Bank of Australia: b 21/-. National Bank of New Zealand: b £6 4/-. Bank of New South Wales: s £39 10/-. Bank of New Zealand: b 58/6. Dunedin Brewery Co.: b 24/-. New Zealand Breweries (shares): b 52/-, s 52/9. Westport Coal: b 30/6. National Insurance Co.: s 14/6. New Zealand Insurance Co.: b 43/9. Dalgety and Co.: b £ll 5/-. Goldsbrough Mort and Co.: s 32/6. Wright, Stephpnson and Co. (ord.): b 20/-. ‘ New Zealand Refrigerating Co. (20/paid), s 11/9. Southland Frozen Meat Co. (£1 ord.): b 35/-; (10/- ord.), b 17/6; (£1 pref.), b 35/-. Electrolytic Zinc (ord.): b 25/-. Mount Lyell: b 28/9; s 29/9. Stdhey Creek Gold Mining: s 9d. Burns, Philp and Co.: b 34/6. Huddart, Parker and Co. (ord.): b 38/6. Bruce Woollen Mills: s 12/-. Kaiapoi Woollen Co. (ord.): b 11/-. British Tobacco (Aust.): b 40/-. Christchurch Gas Co.: b 26/3. Dominion Rubber Co.: s 20/-. Donaghy’s Rope and Twine: b 33/3. Milburn Lime and Cement: b 32/3. New Zealand Drug: s 64/6. New Zealand Farmers’ Fertilizers: b 18/9. New Zealand Paper Mills: s 19/9. Inscribed Stock, 1938, 41 per cent.: b £9B 15/-. War Bonds, 1938, 4J per cent.: b £9B 15/-. Inscribed Stock 1939, 41 per cent.: b £9B 15/-. War Bonds, 1939, 44 per cent.: b £9S 15/-. THE SHAREMARKET. YESTERDAY’S TRANSACTIONS. (Per United Press Association.) Auckland, June '4. Sales on ’Change: E.S. and A. Bank £6 10/-; Bank’ of New Zealand 59/3; Auckland Gas 24/71, do. cont. 18/-; HuddartParker (pref.) 19/9; Northern Steamship 13/11; British Tobacco 41/-; Electrolytic Zinc (pref.) 27/3. Wellington, June 4. Sales reported: New Zealand Government 41 per cent. Bonds (1930) £99 15/-; Union Bank of Australia £ll 17/-; Christchurch Gas Co. £1 6/3; Huddart-Parker ord. £1 18/6; New Zealand Breweries £2 11/9; British Tobacco Co. (Aust.) ord. £2 1/1 and £2 1/4; Goldsbrough Mort and Co. £1 13/3 (2 sales) ; New Zealand Refrigerating (10/-) 5/3. Christchurch, June 4. Sales on ’Change: Commercial Bank of Australia 22/1; Commercial Bank of Sydney £22 10/-, £22 12/6 (2) ; E.S. and A. Bank £6 10/- (2); National Bank of 'Australasia (£lO paid) £l5 9/-, £l5 8/6; National Bank of Australasia (£5 paid) £7 12/6, £7 14/-; Bank of New South Wales £39 10/-; Union Bank of Australia £ll 18/- (4); Dalgety and Co. £ll 10/- (3); Goldsbrough Mort 33/6, 33/5, 33/1; New Zealand Refrigerating (10/- paid) 5/3; Christchurch Gas 26/6; New Zealand Breweries 51/9 (3) ; British Tobacco 41/6 (2), 40/11; 40/10 (2); Dunlop Perdriau Rubber 15/6; Electrolytic Zinc (pref.) 27/4. Sales reported: New Zealand Breweries 51/9 (3), Christchurch Gas 26/6. Dunedin, June 4. Sales reported: Wilson’s Cement 46/3 (late sale Monday); Milburn Lime 33/-; National Bank of New Zealand £6 7/-; E.S. and A. Bank £6 10/-; Bank of New Zealand 59/-. GRAIN REPORT. Messrs Donald Reid and Co., Ltd., report as under: —■ Oats.—Tills market continues firm, and as the bulk of the grade oats have been disposed of it is safe to say that the firmness will continue until next harvest. No doubt the poor crops up north are primarily responsible for the values ruling. Millers appear to have ample stocks but the seed season will absorb a large quantity. A grade Gartons are worth 3/3, B grade 3/1 sacks extra, less commission, on trucks, farmers stations. A little extra can generally be obtained for choice lines. Wheat.—This market has quietened down considerably, and only an odd sample is offering. Millers have not yet completed taking delivery of their purchases, but they anticipate once everything is delivered that they will have ample stocks. Pool prices advance Id from June 1, but very little Pool wheat remains to be sold in this locality. Tuscan is still worth 5/9; Hunters and Velvet 5/11, sacks extra, on trucks, country stations. Chaff.—The position as regards this commodity is brighter than it has been for months. A little shipping has been done, and this has absorbed a lot of chaff that in ordinary circumstances would have ' accumulated in store. Canterbury is also conspicuous this season with an absence of offerings.*Good bright oaten sheaf is worth from £5 5/- to £5 10/- sacks extra, ex truck, Dunedin. Potatoes.—There is still a decided quietness on this market. Canterbury reports large crops and are offering freely. Local merchants, however, are still working on their forward purchases, and are not inclined to stock up any quantity. Best tables are realizing up to £5 sacks in, ex truck, Dunedin, but very few sales are being effected. DAIRY PRODUCE. Messrs Dalgety and Company, Limited, yeport having received the following advice from their head office, London, under date of June 2, 1930: — Dairy Produce.—New Zealand cheese 1/to 2/- higher.