FINANCE AND COMMERCE
STOCK EXCHANGE BUSINESS
QUIET MARKETS
Markets were quiet on call yesterday, and although there 'was good inquiry for a wide range of stocks, business was restricted to a few lines. Apart from vestibule business, the following transactions were recorded:— Sales on ’Change—Listed Stocks; 75 National Bank of New Zealand, 365. Sales Reported Listed Stocks: 10 Bank of N.S.W., £29; 70 Union Bank o/ Australia (late sale Friday), £7; 150 Broken Hill Proprietary (2), 43s 6d; 100 Broken Hill Proprietary (5s paid, new), 25s 9d; 300 New Zealand Insurance, 61s 6d, Buyers of ( New Zealand Government 4 per cent, stock, due 1955, raised their bids to £ 105 10s, but sellers were reticent.
National Bank of New Zealand were steady, with sellers and business at 365. Bank of New South Wales remained unaltered at £29, and closed with unsupported sellers at that price, A late sale of Union Bank of Australia on April 4 was reported at £7, and sellers yesterday offered at that figure, without attracting buyers. New Zealand Insurance were firm at 61s 6d. United Building were firmer on buyers’ offers, 20s 6d. Buyers ofKaiapoi Woollens raised their bids to 15s, no sellers offering. Christchurch Gas were firmer, with buyers at 21s. Broken Hill Proprietary advanced to 43s 6d, market closing 3d either way. The new 5s paid shares eased to 25s 9d, and more were wanted at 25s 6d. Buyers’ offers for Felt and Textiles. British Tobacco, Hays, Ltd., Woolworths (South Africa), and Grey River revealed firmer markets. LATEST QUOTATIONS N.Z. Govt. Debentures —State Advances, 33 p.c., 1/9/55-60, s. £9B; 3 p.c. Ins., 1941, b/ £99 10s; 3J p.c. Ins., 22/5/60, b. £IOO 15s; 3i P.c. Ins., 1953-57, b. £IOO ss; 31 p.c. Bonds, 1953-57, b. £IOO ss; 4 p.c. Ins., 1940-43, b. £IOO 10s; 4 p.c. Ins., 30/11/48 b. £lO3 15s; 4 p.c. Ins., 1949, b. £lO4 10s; 4 p.c. Ins., 1949-52, b. £105; 4 p.c. Ins.. 1955, b. £lO5 10s; 4 p.c. Ins., 1954-58. b. £106: 4 p.c. Bonds, 1949, b. £lO4 10s; 4 p.c. Bonds, 1955, b. £lO5 10s; Rural Bonds, 5 p.c., 15/9/47, b. £lOl 10s; War Loan,' 1/10/53, b. £Ol 12s 6d. .Other Debentures —Auckland Gas, 5 p.c. Perpetual, p. £97: N.Z. Refrig., 41 p.c.. 1/8/45. b. £lOl, s. £lO2 10s. Banks—Comm, of Australia (pref.), b. £8 IBs; Comm. of Sydney, b.. £lB ss, s. £l9 ss; E„ S.. and A., b. £4; Natl, of Australasia (£5 paid), b. £5 15s 6d; National of New Zealand, s. £1 16s; New South Wales, s. £29: New Zealand, s. £2 0a 9d; Union of Australia, s. £7. Insurance —Mercantile Mutual, s. £1 13s; New Zealand, b. £3 Is; National, b. 19s 2d: South British, b. £2 9s; Standard, b. £3 0s 6d: Australian General, s. 19s. Loan and Agency—Dalgety and Co., b. £6, s. £6 7s 6d; Christchurch Building (cum dlv.), b. £l6 10s; Goldsbrough. Mort, s. £1 6s; Mutual Benefit, b. £l4; National Mortgage A. e. £1 15s 9d; N.Z. Guarantee Corporation, s. 3s Id; Permanent Investment, "b. £9 15s; United Building, b. £1 0s 6d. s. £1 Is 6d; Wright, Stephenson, s. 18s 6d: Wright, Stephenson (pref.). b. 19s.' Shipping—P. and O. Deferred Stock, b. £ls sd: Union (pref.), b. £1 6s 6d. Frozen Meat—N.Z. Refrig. (£1 paid), b. 15s 9d, s. 17s 9d: N.Z. Rcfrig. (10s paid), b. 6s; Southland, s. £1 14s. Woollens—Bonds Hosiery, b. £1 ss; Felt and Textiles, b. £1 18s 6d; Kaiapoi (17s paid), b. 15s; Kaiapoi (7s paid), b. 4s lOd, s. 5s Id; Wellington (pref.), b. £6 15s. Coal—Grev Valiev, b. 5s 6d; Westport, b. £1 3s. s. £1 3s 9d: Westport-Stockton, b. 2s sd, s. 2a 8d; Kajtangata. b. £1 11s. Gas—Auckland, s. us 9d; Christchurch, b. £1 Is.
Breweries—Ballins (15s paid), b. 10s 6d, s. 11s 3d; Carlton, s. £3 9s; Dominion, b. £1 Bs, s. £1 10s 6d: Dominion (pref.), b. £1 8s Gd; New Zealand, b. £1 11s, s. £1 12s 6d; Swan, b. £1 3s 9d; Melbourne Co-op., b. £2 13s. Miscellaneous—Aust. Alloy Steel, b. 8s 4d; Australian Consolidated Industries, b. £2 Is: Aust. Iron and Steel (pref.. cum dlv.), b. £1 6s fid: Beath and Co., b. I4s fld, s. 15s 6d; Begg and C 0... b. £1 Is: Booth. Macdonald (pref.). b. (is 6d. s. 6s fld: British Tobacco, b. £2 7s 3d: Broken HilJ Pty.. b, £2 3s 3d, s. £2 3s 9d; Broken Hill Pty (paid, new), b. £1 5s fid: Broken Hill Pty. (fully paid), b. £2 Is: Colonial Sugar, b. £53 10s: Penhard Bakeries (pref.). s. £1 Is 6d: Dominion Builders, b. 5s Id; s. 5s lid: D.I.C. (10s paid), b. 14s; D.I.C. (pref., cum div.), b. €1 3s 3d; Dunlnn Rubber, b. £1 Is. s. £1 2s; Eleetro. Zinc. b. £2 13s, s. £2 16s; Eleet.ro Zlnn (pref.). b. £2 15s; Evans Atlas Flour, s. El 8s: Hay’s, Ltd., hj. £1 4s fid: Hay's. Ltd. (con.L-b. Ifls fid: Hume Pipe fAust.). b. 14s: Masnplte. s. £1 5s fld; MiHaquln Sugar, b. £2; M.K. Manufacturers (ex dlv.), b, 5s fid, s. 6s fid; Macduflfs (pref.). b. 19s, s. 19s'6d; Macduffs ford.), b. fls fid: McKenzies. Ltd., b. £2 3s- N.Z. Farmers' Co-op. (41 p.c. Stock. 1950), s. £B2; N.Z. Farmers' Coop. (4) P.C. Stock. 1955), s. £B2 ss; N.Z. Farmers’ Fertiliser, s. £1 Is fld: N.Z. Newsnapers. s. £1 10° fld: Pre«t(<?e (N Z.) (href.)Ts, £1 Is fid; Radio (]93fi), b. 13s; Weeks, Ltd., b, £7 15s; Whitcomb* and Tombs, b, £3 7s Gd. s. £3 15s; Wilcox. Mofflin’ b, 8s lid, s fis- Wonlwprths iSvdnev). (ord,). s. 17s °d: Wonbvnrtbs (N.Z.). b. 14s 3d. s, 14s; Woolwortbs Rronerties, hj. £1 4s. s. £1 Gs; Zealandla Milling, hj. £ 1 3s. Overseas Listing—Woolwortbs (S.A.), b. 15s 4rl. s . 15c fid. Australian Mining—Broken Hill South, b. £1 ss. s. fit fis fid: Mount Lyell; b. £1 'Bs; Mount Morean. s. 10s fid. N.Z. Mining—Austral (N.Z ). b. £1 4s, s £1 7s; Clutha River, b. 9d, s. Is 9d; Goldfields Dredging, b. 3d. s. Bd: Grey River, b. 14s lid: Maori Gold, s.- Gld: Mossy Creek, b. 2d: Okarito, s. Is lOd; Wnrksoo'Extended, s.3d. ■ Unofficial List—Assoc., Gold Dredges (I2s paid), b. 11s, s. 13s 6d( Assoc. Mot. Petrol (pref,). s. £1 ss: Aust. Mot Petrol, b. 12s: Blackball Creek, s. 9d; British Developments. s. 20s; Chrlstchurclv Press, b. £7 Is; Mlknnul (3/fi pd.). s. Is: Mlkomii (def.). s. ss: Papsroa Coal. s. fis Rd: Roeee, Ltd E (pref,). b. 3s Ad; Relfridges (N.Z.) (Ifls paid), s. 7s Rd; Phknit (cum div.). b. fis Gd; Urlwins, b. £* 9* fidr AUCKLAND Sales—War Loan, £82." £Bl 17s Govt. Stock. 15/5/49-52. 4 p.c.. £lO5 2s Gd; City of Auckland, 1/1/44-67, 41 p.c., £lO3 (2); Bank of N.Z. (D. Mort.). £1 9s 9d (late sale Friday); Union Bank, 7s (late sale): South British, £2 9s 9d (late sale); Wellington Woollen Company, £6 13s: A C.1., £2 2s 3d:' N.Z. Breweries. £1 12s fid: Broken Hill Pty.. £2 3s 9d (late sale). £2 3s; Bvcroft. £2 4s 6d (2): Farmers Trading (B pref,). £1 Is Gd (late sale); Wilgon’s Cement, 19s 4d. Oveaseas— Woolworths Holdings. 14s 4Jd. Unofficial List—Hellabvs (nref.). £1 10s 3d; Una Hill, 10d (odd lot). WELLINGTON .■■ Sales—4 p.c. GdVt, Stock. .1943, £IOO 12s Gd' 4 p.c. Stock, 1949. £lO4 12s Gd; 3J p.c. Stock. 1953-57. £IOO 7S Gd; War Loan, 1/10/53, £B2: Bark of N.Z.. £2 0s 3d (2); Wellington Woollen (ord,), £6 13s; National Timber, 7s fid; Taupo Totara (pref.), 11s 6d; Wilson’s Cement. 19s 4d. DUNEDIN Sales—National Bank, £1 15s Gd; McKenzies (late Friday). £2 4s 3d; Broken Hill-South, £1 5s Gd; Woolworths (N.Z.), I3s 8d; Woolworths (Sydney), 17s Cd„ SYDNEY There was a fair turnoVer on the Sydney Stock Exchange yesterday. Prices Sh Aftemoon h Sa’les—Australasian Paper 35s 9d; Mt. Morgan, 10s Sd: Broken Hill Pty. (5s paid). 245; Colonial Sugar. £47 7s 6d, Goldsbrough, Mort, 25s 3d , : .. Zinc, 535; Australia Consolidated Industries (con.). 355; Felt and Textiles, 39s Morris Hedstrom, 20s Gd; Commercial Bank of Sydney. £l9; Selfridges, 20s; HuddartParker. 46s ELBOURNE '
Sales— Metropolitan Gas. £l2 19s; Roma Blocks, 6s 2d; Myer, 31s 6d; Union Bank, £6 13s.
STOCK SALES SUPPLEMENTARY ' EWE FAIR There was a small attendance but good buying strength at the supplementary ewe fair at Culverden yesterday. The sheep were in good condition as a result o£ the abundant feed after recent rains. Prices for good sheep were fully on a par with late rates, but medium and Inferior sheep were up by fully 2s a head. A feature of the sale was the demand for merino ewes and wethers, ewes making to 8s 6d and wethers to 10s. The Sales
H. Matson and Company sold for: Montrose Estate (Culverden). 05 six-tooth at 15s 2d, 104 two, four, and six-tooth at 14s 6d, 48 five-year at 10s; D. L. Rutherford (Morna), 70 four-year at 13s 6d, 70 at 13s 3d; Leslie Hills Estate (Culverden). 65 five-year at lls 3d. 65 four-year at 15s, 65 at 14s 6d; G. O. Rutherford (Lochtel), 98 five-year at 7s. Pvne, Gould, Guinness, Ltd., sold for: H. R, Roxburgh, 76 four, six, and eighttooth at 14s 3d; W. W. Mcßae (Glens of Tekoa), 81 five-year at 5s 3d; \V. Browne (Inneskillen), 69 five-year at ss; E. P. H. Burbery (Sherwood), 115 five-year at 5s 3d, 65 five-year at 3s 6d, 59 at 4s 6d; Y. T. Shand (Island Hills), 295 four-year at 14s 6d, 116 at 12s, 76 four and six-tooth at 10s 6d, 75 at 10s 3d, 79 at 7s 6d, 165 m.s. lambs at 7s Id; E. R. Hosking (Tinline Downs), 210 four and five-year at 9s 3d, 93 at 8s 6d, 41 two-tooth at lls, 52 lambs at 6s 6d; P. R. Dearden (The Gates), 66 five-year at 10s 6d, 66 at 10s. Dalgety and Company, Ltd., sold for: H. F. Hiatt (Pahau Downs), 72 five-year at 8s 6d; G. O. Rutherford (Lochlel), 176 four and six-tooth at 15s 3d; J. L. Macfarlane (Lyndon), 150 five-year at 9s, 293 four-year at 15s; W. O. Rutherford (Marble Point), 100 two-tooth at 17s 6d, 106 at 16s, 232 six and eight-tooth at 2ls, 65 at 17s 6d. New Zealand Loan and Mercantile Agency Company sold for: Davison Bros. (Lowry Peaks), 4? four-year at 12s 6d, 57 five-year at 10s 9d; F. J. Saville (St. Helens), 123 merino aged at 3s 9d. 530 f.m. at 8s 6d. Wethers sold at up to 17s lOd for halfbreds and to 10s for merinos. TINWALD prices for fat sheep remained firn) at the double stock sale at Tinwald yesterday. Because off the Easter holidays there will be no sale next week. The top price of the sale was 31s 3d, obtained by Miss M. Taylor (EilTelton) for a lamb. The top 'price for wethers was 25s lOd for a pen of six sold for R. W. Morrow (Mghtalto). There was a large yarding of stores. The attendance of buyers was small. . RANGIORA There was a smaller yarding than psual at the Rangiora stock sale yesterday. Values were:—Sheep: Forward lambs, 14s to 16s; two and four-tooth ewes, 17s to 19s; sound-mouth ewes, 12s; aged ewes, 2s 6d to 7s 6d; fat cows, £5. Pigs: Slips, 13s to 17s; weaners, 12s to 13s.
MINING RETURNS
Moonlight Goldfields.—The wash-up on April 4 was 360z 19dwt for 200 hours' sluicing. Ngahcre.—The dredge, which has been undergoing repairs, began operations again at 3 p.m. on Friday. Blackwater Mines. Ltd.—The return for March is: Crushed 2475 tons, yielding 1269 fine ounces of gold from all sources, including the clean-up of the old mill, the value of which, taking gold at £8 8s a fine ounce, was £10,660. Working expenses, not including ordinary or war duty, were £7094; development expenditure was £491, and capital .expenditure was £205.
, Ncmona—lßoz 14dwt in 114 hours for 7000 yards. Ncmona Dredge—The return for the last week was 18oz 4dwt for 114 hours from 7000 yards. Blackwater Mines—Blackwater Mines’ return for March; Crushed 2475 tons, yielding 1289 fine ounces of gold from all sources, including clean-up of the old mill, the value of which, taking gold at 168s a fine ounce, w-as £10,660. Working expenses, not including ordinary or war duty, were £7094. Development expenditure £491, capital expenditure £205.
DUVAUCHELLE CATTLE SALE
There was an entry of more than 200 head of cattle at the monthly stock sale at Duvauchelle on Friday and a large attendance. The sale throughout was ft keen one, with very much improved prices paid for beef compared with the sale of a month ago. A line of 10 fat steers, sold on behalf of V. J. Armstrong, Stoney Bay, made from £l3 17s 6d to £l6 12s 6d. Fat stock appeared in prime condition. The range of prices, was as follows; Fat steers, £ll 2s 6d to £lB 12s 6d; fat cows. £5 2s 6d to £9 15s; fat heifers. £6 15s to £9 12s 6d; springers, to £l2 ss, three-year-old steers, £B to £9 6s; two-year-old steers, £7 15s; store cows, £1 to £4 2s 6d; calves, £1 15s.
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Bibliographic details
Press, Volume LXXVII, Issue 23299, 8 April 1941, Page 9
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2,183FINANCE AND COMMERCE Press, Volume LXXVII, Issue 23299, 8 April 1941, Page 9
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