Commercial INVERCARGILL STOCK EXCHANGE

Southland Times, Issue 24821, 13 August 1942, Page 2

Commercial INVERCARGILL STOCK EXCHANGE

There was an active market on the Invercargill Stock Exchange yesterday, industrials receiving good attention. Quotations: Government Debentures. —4 p.c. Stock 1943-46, b £102; 4 p.c. Stock 1946-49, b £lO3 10/-- 4 p.c. Stock 1952, b £lO4/10/-; 4 p.c. Stock 1952-55, b £lO6/10/-; 3>/ 2 p.c. Stock 1953-57, b £l9l/15/-; 3’4 p.c. Stock 1956-59, b £100; War Loan 1953, b £9l; Liberty Loan 3 p.c., £lOO. Local Body Debentures. —Wellington City, due 1/8/48, 4 p.c., s £ll5. Banks.—Commercial, b 14/6; E.S. and A. Bank, b £3/5/-; National of Australasia, b £lO/17/6; National of New Zealand, b £1 19/-; New South Wales, b £2B/5/-; New Zealand, b £l/19/3; New Zealand Long ‘ D’ issue, b £l/9/6; Union of Australia, b £6 16/6. ~ K rd/s/c Breweries.—Dominion Brewery, b £I/o/t>, Dunedin Brewery Company, b 18/-; New Zealand Breweries, b £l/10/3. Coal. —Kaitangata, b £l/11/-, s £l/12/6; Westport Coal, b £l/4/6; Westport Stockton (ord.), s 3/1. Insurance. —National, b 19/-; New Zealand, b £3/8/6; Standard, b £3/1/-. Loan and Agency—Dalgety and Company, b £6/14/-; Goldsbrough, Mort and I Company, s £l/6/-: National Mortgage, s £2/2/-; Perpetual Trustees, b £2/10/-; Trustees’ Executors (Dunedin), b £4/2/-; Wright, Stephenson (ord.), b 19/-; (pref.), s J . . Meat Companies—New Zealand Refrigerating (£1 paid), s £l/1/9: (10/- paid), b 9/6, s 9/9; Southland Frozen Meat, b £1 14/3; South Otago Freezing Company, b £5 2/6. Shipping.—Union Steam Ship Company (pref.), b £l/6/9. Woollen Mills.—Bond's Hosiery, b £l/6/-; Bruce, b £l/4/-; Kaiapoi (ord.), b £1; Mosgiel, b £11; Oamaru, b £l/2/3; Timaru, s 18/6; Felt and Textiles, b £l/12/-. Miscellaneous. —Australian Consolidated Industries, b £2/4/-; Broken Hill Proprietary, b £l/16/-; British Tobacco (Australia), b £l/19/-; Colonial Sugar Company, b £47 15/-; G. J. Coles, b £2/7/6; D.I.C. (pref.), b £l/4/6; Dominion Fertilizer, b 17/9, s 19/-; Donaghy’s Rope and Twine, s £2 10/-; McDuffs Ltd., s 7/-; McLeod Bros' Soap, b £25/10/-, s £25/10/-; Milburn Lime and Cement, b £l/15/-, s £l/16/-; New Zealand Drug, b £3/12/9; New Zealand Guarantee Corporation, s 3/-; New Zealand Paper Mills, s £l/13/3; Southland Ice' Cream ,s £l/3/3; Wilson’s (N.Z.) Cement, b 17/-; Woolworths Ltd., s 15/8; Woolworths (N.Z.), s 14/3.

Mining.—Broken Hill South, b £l/0/6; North Broken Hill, b £l/16/6; Electrolytic Zinc (pref.), b £2/3/6; Mount Lyell, b £1 4/-; Mount Morgan, b 7/3; Arahura, b £1 6/6. Unlisted.—Woolpacks (5/- paid), s 2/6. Sales Reported.—Colonial Sugar £4B (2); Broken Hill Proprietary £l/16/-, £l/16/2; New Zealand Forest Products (ord.) 3/6, (pref.) 6/-. NORTHERN EXCHANGES

AUCKLAND.— SaIes: Bank of New Zealand £l/19/6 (2); Broken Hill Proprietary £l/16/- (2); Sanford 4/6; Una Hill 4d; Auckland Gas (con.) 2/6; Colonial Sugar £4B; M. K. Manufacturers 5/6; New Zealand Inscribed Stock £3/9/6; South British £3; Consolidated Brick 7/-; Radio 12/-; Woolworths (N.Z.) 14/1. DUNEDIN.— SaIes reported: Government 1952-55 Stock £lO6/15/-; Kaitangata C6al £l/12/-; Wilson’s Cement 17/3; Woolworths (N.Z.) 14/1; Martha Gold 8/-; Walhi Investments 3/1 ;A.C.I. £2/6/6. Reported after call: Government 1954-58 Stock £lO7. WELLINGTON.— SaIes: Tuesday, 4 p.c. Stock 1954-58 £lO7/10/-. Wednesday, 3 p.c. Stock 1951-54 £99; liberty Bonds 18/-; New Zealand Refrigerating (£1 paid) £l/1/6; McKenzie’s Stores £l/19/-; Woolworths (N.Z.) 14/1, 14/2. CITY MARKETS Although the weather has been changeable during the last week conditions have been more spring-like. WHEAT.— There is a fair quantity of fowl wheat offering at present. Fanners with grain in stack would be well advised to leave it there until September, as a month in stack at this time of the year should improve the condition greatly. OATS.— Heavy stocks of oats are held by Southland merchants. As a result of the importation of Australian barley to the North Island the outlet for oats for fowl food is closed. Negotiations are now taking place between the Government, merchants and primary production councils to rectify the position. SEEDS.— Apart from odd inquiries for white clover the seeds market is very quiet. POTATOES.— The Government has made arrangements for the grain and produce merchants to handle the supply of table potatoes under the direction of the Food Controller. CITRUS FRUITS Oranges and lemons are unprocurable in the local fruit marts and there is no word yet about future supplies. The shipment of bananas which arrived last week was immediately disposed of and this fruit is again unprocurable in the marts. Small lots of pears are arriving in weekly consignments. The condition generally is green and this has had an adverse effect on sales. In spite of the recent advance in price, fair quantities of apples are still being sold and fairly substantial consignments have been coming forward. Sturmer is the principal variety offering and Granny Smiths and Delicious are less plentiful. Cauliflowers are in short supply and command high prices. Otherwise the vegetable market is unchanged. Choice cauliflowers have been realizing 15/- to 18/- a sack. SEPARATOR BUTTER AND EGGS

Eggs (ungraded) were quoted yesterday by the Master Grocers’ Association at country 1/7 and city 1/8 a dozen wholesale and 1/9 to 1/10 respectively retail. Graded eggs were quoted for wholesale prices as follows: Heavy 1/11, standard 1/9 and medium 1/6 and ducks' 1/6.’ Separator butter was quoted at from lOd wholesale and from 1/- retail, according to quality. MATAURA DAIRY FACTORY The Dairy Farmers’ Union was discussed at length at the annual meeting of shareholders of the Mataura Dairy Factory Company Ltd. yesterday. The meeting decided that the company should take no action. Mr W. Y. Dickie was chairman at the meeting and 16 shareholders attended. The chairman referred to the necessity to conserve tyres and petrol, and urged suppliers to co-operate with their neighbours in carting milk to -the factory. He also said that milking machine rubber was difficult to procure and asked dairymen to take more care and to endeavour to make their present equipment last as long as possible. Mr Dickie said that during the year a slight decline had been shown in output, but that there had been an Increase in the rate of pay-out. The two retiring directors, Messrs T. Major and A. L. Scarlet, were re-elected for a further period of three years. Mr R. S. Green was re-elected auditor. At a meeting of the directors later Mr R. Pryde was elected chairman.

BURNSIDE STOCK SALE (P.A.) DUNEDIN, August 12. Prices for fat sheep and fat cattle were slightly easier at Bumside today. Fat sheep were in over-supply and showed a distinct easing in price of from 2/- to 3/- a head, particularly in ewes. An over-supply of porkers also brought an easing of prices by about 5/- a head and baconers showed a decline of from 4/- to 5/- a head. Fat cattle prices could be quoted at an average of about 10/- lower than last week's rates. Extra prime heavy bullocks made up to £23/7/6, prime £l7/12/6 to £l9/17/6, medium £l5/7/6 to £l6/2/6, light £lO/2/6 to £l2/2/6, medium prime heifers to £l5 17/6 prime £lO/12/6 to £ 12/2/6, medium £9 2/6 to £lO/7/6, light £7/2/6 to £B/2/6, extra prime cows made to £l3/7/6, prime £B/17/6 to £lO/2/6, medium £6/7/6 to £7/17/6. Prime heavy wethers brought up to 44/9,

prime 37/6 to 40/6, medium 33/6 to 36/-, light 28/6 to 30/6, prime heavy ewes up to 32/-, prime 26/- to 28/-, medium 22/- to 23 fn the store cattle section one pen of three-year-old bullocks brought £lO/7/-. Vealers were in short supply and there was a keen market. Good runners made up to £B/4/- and good suckers brought £4/7/to £5/17/-. ADDINGTON MARKET (P.A.) CHRISTCHURCH, August 12. At the Addington market today the entries were smaller than usual and there were advances in most fat stock values. Store sheep prices declined by 1/- a head. Halfbred ewe hoggets made 28/9 and wether hoggets 20/-. The top price for ewes was 29/9 for a pen of 89 four-year-old halfbreds in lamb to Southdown rams. A line of 323 four and five-year-olds in lamb to English

Leicester rams made 24/6. A pen of ewes and lambs made 14/9, all counted. The best ewes made from 24/6 to 29/9, medium to good 17/- to 21/-, inferior to 14/-. Prices for fat ewes rose by 3/- a head. The highest price for ewes was 35/7, a line of 98 making from 33/7 to 35/7, averaging 34/6. One line of 108 long-woolled wethers sold from 46/1 to 47/10 and averaged 46/6. Another of 51 sold from 45/10 to 48/4 and averaged 47/-. Tire fat cattle market opened at an advance for all classes of from 20/- to 25/- a head and although there was some easing towards the end, the sale could be considered the best of the year. One truck of Shorthorn cross steers averaged £23/13/6 and nine heifers averaged £l5/10/-. The highest j price for heifers was £22/17/6. Others of show class made up to £2O. The best beef made from 43/- to 45/- per 1001 b, good 40/to 42/6, medium 38/- to 39/6, secondary down to 34/-.