FINANCE AND COMMERCE

Press, Volume LXXVII, Issue 23330, 16 May 1941, Page 7

FINANCE AND COMMERCE

STOCK EXCHANGES

LOCAL TURNOVER NEGLIGIBLE Markets continued dull on call on the Christchurch Stock Exchange yesterday and the recorded turnover was negligible. Price levels on the whole were well maintained. Apart from vestibule business, the following transactions were recorded:— Sales Reported: Listed Stocks—loo Dunlop Rubber. 21s 6d. Sales on 'Change: Listed Stocks—£soo N.Z. Farmers’ Co-op. (4i p.c. stock, 1950), £Bl. Government Stock Firmer

Buyers of New Zealand Government 4 per cent, stock, due 1949, raised their bids to £lO3 without attracting sellers.

Unsupported sellers of Bank of New South Wales reduced their limits to £2B ss. Bank of New Zealand were firmer, with buyers at 375. Buyers of New Zealand Refrigerating (10s pd.) moved up to 7s Id, but sellers were reticent. Buyers of British Tobacco raised their bids to 45s 6d, sellers firm at 475. Broken Hill Proprietary were stronger, with buyers at 42s 6d. Dunlop Rubber were steady at 21s 6d, market closing 3d either way. New Zealand Farmers’ Co-op. 4J per cent, stock, due 1950, changed hands at £Bl, and further buyers at £79 met with no response.

• Buyers’ offers for Broken Hill South and. Mount Morgans revealed firmer markets.. LATEST QUOTATIONS

N.Z. Govt, Debentures.—3 p.c. Ins., 1941, b. £99 10s; 31 p.c. Ins., 1953-57, b. £IOO 10s; 3J p.c. Bonds 1953-57, b. £IOO 10s; 3i p.c. Ins., 22/5/60, b. £lOl ss: 4 p.c. Ins., 1940-43, b. £100; 4 p.c. Ins., 1940, b. £lO2 10s; 4 p.c. Ins., 30/11/48. b., £104; 4 p.c. Ins., 1949. b. £103: 4 p.c: Ins., 1955, b. £106; Rural Bonds, 5 p.c., 15/9/47, b. £102; War Loan, 1/10/53, b. £B2 ss. , Other Debentures—Wanganui City, 4i p.c., . 1/11/47, s. £104; Williamson Pictures, 7i p.c., 5/0/49, b. £B6; Booth, Macdonald, 5 p.c., 1/6/47, b. £77; N.Z. Refrig.. 41 p.c., 1/8/45, b. £101; Timaru GaS, 4 p.c.„ 1/11/45, b. £B9. Banks—Australasia, b. £8 6s 6d, s. £8 15s; Comm, of Australia, s. 14s 2d; Comm, of Australia (pref.), b. £8 ,15s; National of N.Z., s. £1 16s; .New South.Wales (ex div.), s. £2B ss; New Zealand (cum dlv.), b. £1 17s, s. £1 18s; New Zealand (Mortgage shares, cum div.)., s. £1 10s 3d; Union of Australia, b. £6 10s, s. £6 15s. Insurance—National, b. 19s; New Zealand, s. £3 2s; South British, b. £2 9s 9d; Standard, b, £3. Loan and Agency—Dalgety and Co., b. £5 I9s; - Christchurch Building, b. £l6; Goldsbrough, Mort,/s. £1 ss; .National Mortgage A, s. £1 15s; National Mortgage B, s. £1 2s; Mutual Benefit, b. £l4; N.Z. Guar. Corpn., b. 2s, s. 2s lid; N.Z. Loan and Mercantile (ord. stock), b. £2B 10s; Permanent Investment, b. £9 15s; United Bulldihg, b. £1 0s 9d, s. £1 Is 3d; Wright, Stephenson, s. 18s 6d; Wright, Stephenson (pref.), b. 19s. Shipping—Huddart-Parker, s. £2 6s 6d; Huddart-Parker (pref.), hj. £1 6s 6d; P. and O. Deferred Stock, b. £1 4s 3d; Union (pref.), b. £1 6s 3d. Frozen Meat—Gear. b. 12s 3d, s. 13s 9d; N.Z. Refrlg. (£1 paid), b. 16s 6d; N.Z. Refrig. (10s paid), b. 7s Id; Southland, s. £1 13s.

■ Woollens—Bonds Hosiery, b." £1 ss; Felt and Textiles, b. £1 18s 6d. s. £2 2s 6d; Kalapol (17s paid), b. 15s Id, s. 16s; Kalapol (7s paid), b. 4s lOd, s. 5s Id; Wellington . (pref.), b. £6 17s 6d: Oamaru, b. 19s 6d.

Coal —Kaltangata (ex div.), b. £1 10s; Westport (cum div.). s. £1 4s; WestportStockton, b. 2s 3d, s. 2s 8d; WestportSlockton (pref.), b. 6s 2d, s. 6s 9d. Gas— Christchurch, s. £1 Os 10d; Christchurch (10s paid), s. 10s sd; Wellington, s. £1 Us- . , „ _ Breweries—Balllns (15s paid), b. 9s 9d, s. 11s: Melbourne Co-op., b. £2 10s 6d; New Zealand, b. £1 10s 6d, s. £1 11s; Swan (ex dlv.), b. £1 2s 9d. Miscellaneous —Aust. Consolidated Industries (cum dlv.), b. £2 Is; Aust. Consolidated Industries (con,, cum div.), b. £1 12s; Aust. Consolidated Industries (pref.), b. £1 3s; Aust. Iron and Steel (pref.), £1 5s 6d; Beath and Co., b. 14s; Begg and Co., b. -£1 Is; Booth, Macdonala (pref.), s. 65,9 d; British Tobacco, b. £2 5s 6d. s. £2 7s; Broken Hill Pty., b. £2 2s 6d; Broken jHill Pty.. (new 5s paid), b. £1 3s 6d; Brdken Hill Pty. (£1 paid, new), b. £1 19s; Denhard Bakeries (ord.), s. 11s 6d; Dominion Fertiliser, b. £1 4s 9d. s. £1 6s Qd; Donaghy Rope (cum dlv.), b. £2 ss, s. £2 13s; D.I.C. (10s paid), b. 13s 3d; D.I.C. (pref.), b. £1 3s 6d: Dunlop . Rubber, b. £1 Is 3d, s. £1 Is 9d; Electro. Zinc (pref,), b. £2 12s 9d:

Evans Atlas Flour, b. £1 4s; G. J. Coles, s. £3 2s 6d; General Industries, b. 17s; Hay s, Ltd., b. £1 6s; Hay’s. Ltd. (con.), b. £1 Is; Mason. Struthers, s. 14s lid: Masonite, s. £1 5s 6d; Mllburn Lime, s. £1 18s 9a; MJK. Manufacturers., b. ss, s. 6s; Macdims (ord.), b. 9s Id. s. 9s 9d; Macduffs (pref.). s. 19s 3d: N.Z. Drug. Co., s. £3'l9s; N.Z. Drug Co. (£1 paid), b. £2 9s 3d: N.Z. Farmers!. Co-op. (A pref.), s. £1 19s; N.Z. Farmers’ Co-op. (B pref.), b. £1; N.Z. Farmers’ Co-op. (4i p.c. Stock, 1950), b. £79; N.Z. Farmers’ Co-op. (4J p.c. Stock. 1955), b. £80; N.Z. Farmers' Co-op, (4J p.c. Stock, 20/2/51), s. £Bl 10s; N.Z. Farmers’ Co-op., (4J p.c. Stock, 15/7/51), s. £Bl 10s; NZ. Newspapers,- s.- £1 10s 6d; Northern Roller Milling (ex, div.), b. £1 0s 3d; Prestige (N.Z.) (pref.), s. £1 Is 3d; Quill, Morris (1936). s. £1 0s 6d; Radio (1936), b. 12s 6d; Selfridges (Australasia), b 15s; Taranaki OH Developments (5s paid), s. 2s.ld; Tingey, R. and E. (pref.), b. £1; Wilcox. Mofflin, s. 8s 2d;. Wilson’s Cement, b. 18s 6d: Woolworths (Sydney)’(ord.), b. 16s, s. 16s 4d; Woolworths (N.Z.) (pref.),. £1 16s; Woolworths Properties, b. £1 4s 3d. Australian Mining—-Broken Hill South (ex div.), b. £1 2s 6d; Mount Morgan, b. 9s, s. 9s 6d.

N.Z, Mining—Arahura, b. £1 3s; Austral (N;z.), b. £1 2s, s. £1 ss; Clutha River, b. 10d; Golden Sands, s. 8d; Grey River, b. 14s 6d; Kanlerl (cum div.), b. £1 2s 9d; Maori Gold, b. 2d, s. sd; Moonlight Goldfields, b. 2d. s. 4d; New River, b. 2d, s. sd; Okarito, b. sd, s. Is sd; Mining House Concessions, b. Jd; Waihi Investmerits, s. 4s; Worksop Extended, s. 3d. Unofficial.—Assoc. Gold Dredges (12s paid),, b. 10s,. s. 12s 3d: Ashby, Bergh,, s. £100: Blackball Creek, s. 9d; British Developments, s. ,17s 6d; Christchurch Press (ex div.), s. £8: Mikonui (3/6 paid), s. Is; Reece, Ltd., E. (pref.). b. 3s 9d: Riley, Arthur D. (pref.), s. 19s; Slab Hut (3s paid), b. ,2s 3d. s. 3s 6d; Siiknit, b. 6s, s. 6s 9d; Westland Breweries, s. £1 10s. AUCKLAND Sales. —Takapuna Borough Debentures 1/2/54, 3J per cent., £97 10s; Bank of New South Wales, £2B; National Insurance, 18s 61d; New Zealand Breweries, 31s; Reid Rubber, 28s; • Martha 8s 3d. WELLINGTON Sales.—Late Wednesday; Standard Insurance, 60s 6d. Yesterday: War Loan, 1/10/53, (2) £B2 10s; Bank of New South Wales, £2B, £2B 2s 6d. DUNEDIN Sales.—Auckland Harbour Board Deb., July, 1961, 41 per cent., £lO7 10s; Commercial Bank, 13s lid; Huddart, Parker (ord.), £2 5s 6d; Mosgiel Woollen. £lO 7s 6d; Wellington Woollen (ord.), £6 13s; Drugs, £3 12s; N.Z. Breweries, £1 11s. , SYDNEY More confidence was displayed on the Sydney Stock Exchange yesterday. Banks were neglected. Afternoon Sales.—Burns, Phhp, 50s, Howard Smith, 19s Id; Bonds Industries, 30s 10d; Standard Cement, 35s 9d; Fairymead Sugar, 31s 6d; Millaquin Sugar. 38s 6d; Newbold Brick. 23s 9d; Placer Development, 61s 6d; Broken Hill Pty., 39s lOd; Kuala Kampar, 15s 9d. MELBOURNE Sales—Comm. Batik of Australia, 13s; British Tobacco, 43s 3d; Mount Morgan, 8s 8d; South Broken Hill, 22s 3d; Electrolytic Zinc, 51s. WILSON’S, CEMENT CO. (P.A.) WELLINGTON, May 15. The directors of the Wilson Cement Company recommend the payment of a final 'dividend for the year ended March 31 of 4Jd a share, payable on June 25, MINING RETURNS Grey River.—The return for the week ending May 14 was 190oz from 132,124 yards in 188J hours. Rimu Dredge.—Return for the week ending May 13: 111.70z from 41,488 yards in 115 hours. SYDNEY PRODUCE MARKETS (Received May 15, 11.30 p.m.) i SYDNEY, May 15. The Sydney wheat market is sluggish. Silo grain is quoted at 3s Hid and bagged at 4s 3Jd. Other quotations are:Flour £l2 ‘l3s, -bran and pollard £6, potatoes," Tasmanian £6 10s, others £4, onions, brown £ll 10s, whites £l7. maize, white 4s, yelloiy 3s lOd. London Tin Prices.—Tin is quoted at £270 to £270 5s spot and £267 15s to £268 forward. __