Commercial INVERCARGILL STOCK EXCHANGE

Southland Times, Issue 24827, 20 August 1942, Page 2

Commercial INVERCARGILL STOCK EXCHANGE

The demand for banking shares continued on the Invercargill Stock Exchange yesterday. Quotations:— Government Debentures.—4 p.c. Stock 1943-46, b £99/15/-: 4 p.c. Stock 1946-49, b £lO3/10/-: 4 p.c. Stock 1952, b £105; 4 p.c. Stock 1952-55, b £lO6/15/-: 4 p.c. Stock 1954-58, b £107; 3>,4 p.c. Stock 1953-57, b £lO2- 3’4 p.c. Stock 1957-60. b £101; War Loan 1953, b £9l; 3 p.c. War Loan 1951-54, b £99. „ . Banks Commercial, s 14/10; E. S. and A. Bank, b £3/6/-; National of Australasia, b £lO/17/6; National of New Zealand, b £1 19/6; New South Wales, b £27/15/-; New Zealand, b £l/19/3; New Zealand Long "D issue, b £l/9/9. Breweries.—Dunedin Brewery Company, o 18/-; New Zealand Breweries, b £l/11/--Coal.—Westport Stockton (ord.), s 3/-. Insurance. —National, b 19/6; South Biitish, b £2/19/-: Standard, b £3/1/-. Loan and Agency.—Dalgety and Company, b £6/14/-: Perpetual Trustees, b £2/10/-; Trustees’ Executors (Dunedin), b £4/2/-,’ ■ Wright. Stephenson (pref.), s £l/1/--Meat Companies.—New Zealand Refrigerating (£1 paid), b £l/1/3; (10/- paid), b 9/3; 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, b 17/6. ~ x r Miscellaneous. —Australian Consolidated industries, b £2/7/6; Broken Hill Proprietary, b £l/15/6; D.I.C. (ord.), b 14/6; Dominion Fertilizer, b 17/6, s 19/6; Donaghy s Rope and Twine, s £2/10/-; McDuffs (ord.), s 7/-; McKenzie’s Department Stores Ltd., b £l/16/3: New Zealand Drug, b £3/13/6; New Zealand Guarantee Corporation, s 3/-; New Zealand Paper Mills, b £l/12/6; Woolworths Ltd., b 15/3; Woolworths (N.Z.). b 14/-. Mining.—Broken Hill South, b £l/0/6; Electrolytic Zinc (ord.), b £2/2/-; Mount Lyell, b £l/5/-; Mount Morgan, b 7/3. Sales Reported.—Wellington City. Drainage Board 4 p.c. debentures, 1948 (British currency) £115: National Electric £l/3/4. NORTHERN EXCHANGES AUCKLAND.— SaIes: Bank of New Zealand £l/19/6 (2); National Insurance 19/9, New Zealand Inscribed Stock £3/9/6; Auckland Gas (cont.) 2/6; Leyland O'Brien 17/6; National Timber 8/6; Australian Consolidated Industries £2/6/6; Broken Hill Proprietary (odd lot) £l/16/-, £l/16/3; Colonian Sugar £4B/5/-; Auckland Gas (deb. stock) £7B; South British £3/0/3; Westport £l/4/9; Farmers’ Trading £1; Woolworths (N.Z.) 14/4 (2): Commercial Bank 14/8; Bank of New Zealand (D mort) £l/10/7; Goldsbrough, Mort £l/5/6; North Auckland Farmers (B 5 p.c. pref.) 11/9: Kaipoi (cont.) 7/9; Liberty Loan 1947' 2’,4 p.c. £97/7/8. WELLINGTON.— SaIes: Late Tuesday, National Timber 8/6 (2); G. J. Coles £2/8/6; Woolworths Ltd. 15/6. CHRISTCHURCH.— New Zealand Government 4 p.c. Stock 1949 £lO4/12/6; Bank of New Zealand (mort. shares) £l/10/8; Goldsbrough, Mort £l/5/6; Australian Consolidated Industries £2/6/6; Westport Coal £1 4/1014, £l/5/-. DUNEDIN.— SaIe on ’Change: New Zealand Refrigerating (cont.) 9/6. Sales reported: Broken Hill Proprietary £l/16/3; Paper Mills £l/13/-. CITY MARKETS The spring weather has had a good effect on Southland crops and a steady growth is reported. There are ample supplies for the fowl wheat market. It is expected that farmers with grain in stack will leave it there to enable it to mature for milling purposes. Very heavy stocks of oats are held locally. Merchants are anxious to clear these lines to make space for wool. A considerable portion of the stocks is suitable for milling, but unfortunately there has been no outlet. If milling oats could be dealt with it would relieve the position. The seeds markets continue to be quiet. The British and Irish crops may be a factor to be reckoned with in the demand. A rather weaker market is reported for white clover. The restrictions on the potato trade have brought local business to a standstill, but it looks as if stocks will be released in limited quantities for general consumption. FRUIT AND VEGETABLES Smaller lots of apples are now being released because cool store stocks are diminishing. Cookers are off the market and Delicious Granny Smith’s and Stunners are the only varieties now offering. - ' Prices are unchanged, with the exception of a slight rise In Granny Smith’s. Regulated quantities of pears are coming forward from cool stores and sales are steady.

Oranges, lemons and bananas are unprocurable, but a shipment of oranges is expected very soon. Parsnips are less plentiful; cabbages are in over-supply; cauliflowers have been more plentiful and prices are easier. Pumpkins are almost finished for the season. Carrots are plentiful and the demand has slackened.

The following prices may be quoted:— Cabbages, 2/6 to 3/6 a sack; cauliflowers, 10/- to 13/-; carrots, Id to 1 ! ,4d per lb; parsnips, to 2d per lb; swedes, 1/6 to 2/- a sugar bag. SEPARATOR BUTTER AND EGGS

Eggs (ungraded) were quoted yesterday by the Master Grocers’ Association at country 1/5 and city 1/6 a dozen wholesale and 1/7 to 1/8 respectively retail. Graded eggs were quoted for wholesale prices as follows: Heavy 1/9, standard 1/7, and medium 1/6 and ducks 1/6. Separator butter was quoted at from lOd wholesale and from 1/- retail, according to quality. BURNSIDE STOCK SALE (P.A.) DUNEDIN, August 19. Prices in the main sections at the Burnside stock sale today showed an improvement in values. Fat cattle were in shorter supply and did not show the quality of last week. Fat sheep also were in short supply and showed a decided improvement, especially ewes, prices for the latter being 2/- a head above last week’s rates. Porkers and baconers were forward in fair numbers and met with good competition, although prices in some cases \yere easier. Fat cattle prices were about £1 above last week’s rates. Extra prime heavy bullocks made up to £24/2/6, prime £lB/12/6 to £2O/7/6, medium £l6/2/6 to £l7/7/6, light £ll/7/6 to. £l3/12/6, extra prime heifers to £l4/17/6, prime £lO/12/6 to £l2 12/6, medium £9/12/6 to £lO/12/6, light £7 12/6 to £B/12/6, extra prime cows to £l4 7/6, prime £9/7/6 to £lO/17/6, medium £6 17/6 to £B/7/6, light £6/2/6 to £7. Prime heavyweight wethers made to 46/-, prime 38/6 to 41/6, medium 34/6 to 36/6, light 28/- to 30/6, prime heavy ewes to 33/9, prime 28/- to 30/-, medium 24/6 to 26/6, light from 16/6. In the store cattle section four-year-old bullocks made up to £l2/3/- and two and a-half to 3'/2-year-old to £lO/10/-. The entry of vealers was small in size and poor in quality. Competition was very keen, runners making up to £7/15/- and suckers from £4/12/6 to £6/2/6. ADDINGTON MARKET (P.A.) CHRISTCHURCH. August 19. At the Addington market today values showed little change on the good rates ruling last week. Fat and store sheep sold at full parity, but fat cattle were slightly easier. Fat pigs were dearer. In the store sheep section a pen of twotooth Corriedales in lamb to Corriedale rams realized 30/- and halfbreds from 22/6 to 24/9. A line of 30 halfbred ewes and lambs sold at 18/6, all counted, and others from 9/6 to 14/-. Halfbred hoggets sold up to 33/-. There was a strong demand for wether hoggets, the best price being 26/9 for Romneys from Marlborough. Other good lines sold up to 22/6. The best fat wethers made from 44/- to 49/-, special to 53/4, medium to good 40/to 44/-. The best ewes made from 28/to 32/-, tops to 38/7, light to medium 18/to 24/-.

Average fat cattle prices were about 10/a head cheaper. One line of 22 steers, Shorthorn and Shorthorn cross, averaged £2O/1/-, the top price being £2B/10/- for a beast only two years and 10 months. Another line of 14 steers averaged £2O/2/6. The best beef made from 42/6 to 45/- per 1001 b, good 29/- to 42/-, medium 37/- to 38/6, secondary down to 33/-.