COMMERCIAL

Press, Volume LXXVII, Issue 23401, 7 August 1941, Page 8

COMMERCIAL

STOCK EXCHANGES MARKETS GENERALLY FIRM Markets generally continued firm on call yesterday and there was an increased volume of recorded business. Apart from vestibule business, the following transactions were recorded; — Sales Reported: Listed Stocks. — £7OO War Loan, 1/10/53 (late sale on Tuesday), £B6 15s; £SOO National Development 3i p.c., 1956-59, £IOO ss; 30 Dalgety and Co., £6 ss; 50 Broken Hill Proprietary (late sale on Tuesday), 42s 6d; 100 Broken Hill Proprietary, 42s 6d; 100 D.I.C. (pref.), 24s 6d; 100 Electrolytic Zinc (pref.), £2 15s; 300 Wm. Cable (pref.), 22s 6d. Government Stocks Firmer

A late sale of War Loan (1953) on Tuesday was reported at £B6 15s. National Development Loan, 3i per cent., due 1956-59, rose to £IOO ss, and there were further buyers at that price, sellers at £lOl 10s.

Buyers’ offers for New’Zealand Insurance and South British Insurance revealed firmer markets. Dalgety and Company were firm at £6 ss. Sellers of Ballins Breweries (15s paid) reduced their limits to 11s 9d, buyers at 11s 3d. New Zealand Breweries were firmer on buyers’ offers 33s lOd. A late sale of Broken Hill Proprietary on Tuesday was reported at the unaltered price of 42s 6d, and dealings to-day were at that figure, market closing 41s 9d buyers, 42s 6d sellers. Buyers of British Tobacco moved up to 45s 3d. Colonial Sugar were stronger, with buyers at £55. D.I.C. (preference) advanced to 24s 6d. Electrolytic Zinc (preference) remained unaltered at 555, and there were further buyers at that figure, sellers at 565. Wm. Cable (preference) changed hands at 22s 6d. Wilson’s Cement showed a firming tendency, with buyers at 18s lOd.

LATEST QUOTATIONS N.Z. Govt. Debentures.—3i p.c. Ins., 1953-57, b. £lOl 17s 6d; 31 p.c. Bonds. 1953-57. b. £lOl 15s; 3i p.c. Ins., 22/5/60, b £101; 4 p.c. Ins., 1943-46, £lO2 15s; 4 p.c. Ins., 30/11/48, b. £lO4 15s; 4 p.c. Ins., 1946-49. b. £lO4 15s; 4 p.c. Ins., 194952, b. £lO6 10s; 4 p.c. Ins., 1952-55, b. £107; 4 p.c. Ins., 1954-58. b. £lO7 10s; 4 p.c. Bonds, 1946, b. £lO2 15s; 4 p.c. Bonds, 1955, b, £107; Rural Bonds, 5 p.c., 15/9/47, b. £103; War Loan, 1/10/53,

b. £B6 10s, s. £B7 2s 6d; Natl. Development Loan, 34 p.c., 1956-59, b. £IOO ss, s. £lOl 10s. Company Debentures. —N.Z. Being., 44 p.c., 1940-45, b. £IOO. ... Banks.—Adelaide, s. £6; Australasia, b. £8 ss; National of N.Z., b. £1 18s 6d, s. £1 19s 3d; New South Wales, b. £2B 10s; N.Z.. b. £1 IBs 9d; Union of Australia, b. £6 12s 6d. . „ „ . Insurance. —National, b. 18s 8d; N.Z., b. £3 4s 6d; South British, b. £2 13s 6d. Loan and Agency.—Dalgety and Co,, b. £6; Goldsbrough, Mort s. £1 8s 6d; Natl. Mortgage A,'b. £1 13s 3d. Shipping.—Devonport Ferry, b. £1 Is 9d; Huddart-Parker, s. £2 6s; P. and O. Deferred Stock, b. £1 ss; Union (pref.), b. £1 6s 3d. Frozen Meat.—Canterbury, b. £lO ss, s. £ll 10s; Gear.y b. 13s; N.Z. Refrig. (£1 paid), b. 18s 7d; N.Z. Refrig. (10s paid), b. 8s 6d, s. 9s; Waitaki, b. £4 8s 6d. Woollens.—Manawatu, b. £1; Prestige (N.Z.) (pref.), b. £1 2s 3d; Felt and Textiles. b. £2 3s; Kaiapol (17s paid), b. 16s; Kaiapoi (7s paid), b. 5s 6d, s. 6s fid; Kaiapol (pref.). b. 17s 6d; Yarra Falls, b. £2 3s: Mosgiel, b. £lO 2s 6d; Oamaru. b. £1 Is; Timaru, b. 16s, s. 17s 6d; Wellington, b. £6 12s 6d; Wellington (pref.), b. £7. Coal.—Grey Valley, s. 6s 6d; Westport, b. £1 2s 6d; Westport-Stockton. s. 2s 8d; Westport-Stockton (pref.), s. 7s 3d. Gas.—Christchurch, b. £1 Is, s. £1 2s 6d, Christchurch (10s paid), b. 9s lOd. Breweries. —Ballins (15s paid), b. Us 3d, s. 11s 9d: Dominion, s. £1 10s; Dunedin, s. £1 2s: N.Z., b. £1 13s lOd , s. £1 15s. Miscellaneous.—Andersons (pref.), s. 17s; Aust. Con. Industries, b. £2 Bs. s. £2 9s; Aust. Distillery, b. 11s 6d, s. £1; Beath and Co., b. 15s; British Tobacco, b. £2 5s 3d, s. £2 7s 6d; Broken Hill Pty., b. £2 Is 9d, s. £2 2s 6d; Broken Hill Pty. (new, 10s paid), b. £1 7s 3d; Broken Hill Pty. (£1 paid), b. £2; Colonial Sugar, b. £55, s. £55 17s 6d; Dominion Fertiliser, b.

£1 2s 3d; Donaghy Rope, b. £2 10s 9d: Electro. Zinc (pref.), b. £2 15s, s. £2 16s: Electro. Zinc (rights), b. £1 8s 3d, s. £1 9s: Fletcher Holdings (pref.), b. 17s fid: Hay's, Ltd., b. £1 6s; Hay’s, Ltd. (con.), b. £1 Is; Mason, Struthers (£1 paid); b. 10s; Mason, Struthers (14s paid), b. 3s 9d; Mason, Struthers (10s paid), b. 3s, s. 6s 6d; M.K. Manufacturers, s. 6s 3d: Macduffs, s. 10s; Macduffs (pref.), b. 18s 6d. s. 19s 3d; N.Z. Farmers’ Co-op. (£2»los paid), b. 3s; N.Z. Farmers’ Co-op. (A pref.), b. £1 11s: N.Z. Farmers’ Co-op. (B pref.), b. £1 ss; N.Z. Farmers’ Co-op. (41 p.c. Stock, 1949), b. £80; N.Z. Farmers’ Co-op. (4i p.c. Stock. 1950), b £80; N.Z. Farmers’ Co-op. (44 p.c. Stock, 19o5), b. £80; N.Z. Farm. Fertiliser, s. £1; N.Z. Newspapers, b. £1 9s 9d; N.Z. Paper Mills, b. £1 10s fid; North. Roller Milling, b. £1 2s; Quill. Morris (1936), b. 17s, s. £1; United Pictures, s. 6s 8d; Tingey, R. and E. (pref.), b. £1 Is 3d; Weeks, b. £8; Whitcombe and Tombs, b. £3 8s 6d; Woolworths (Sydney) (ord.), b. 17s 4d, s. 18s; Woolworths (West Australia), b. £2 19s: Woolworths (N.Z.) (pref.), b. £1 18s 6d; Woolworths Properties, b. £1 ss. Overseas Listing.—Woolworths (S.A.), b. 15s. „ Australian Mining.—Broken Hill South, b. £1 5s 6d; Mt. Lyell, b. £1 6s 9d, s. £1 7s 9d; Mt. Morgan, b. 8s lOd, s. 9s 2d; North Broken Hill, b. £2 Is. N.Z. Mining.—Addison's Flat, s. Is; Alexander, b. 4s, s. ss; Arahura, b. £f 4s 6d; Argo. s. lOd; Big River, s. Is 2d; Golden

Sands, b. sd; Grey River, b. 14s 9d; New River, b. 2d, s. 4id; Ngahere, s. 11s; Snowy River (5s paid), b. 5s 6d; Una Hill, b. Is 4d, s, 2s 3d; Worksop Extended, b. Id, s, 3d; Slab Hut (5s paid), b. 4s, S Unofficial List.—Amalgamated Batteries, s. 14s; Assoc. Gold Drg. (14s paid), s. 14s; Assoc, Motorists’ Petrol (pref.), b. £1 Is 6d; Blackball Creek, b. 6d, s. 9d; Carbonic Ice, b. £1 11s, s. £1 16s; Reece, Ltd., E. (pref.), b. 4s; Selfridges (N.Z.’), s., £3 10s; Silknit, s. 6s 9d; Urlwln’s, b. £2 3s; Westland Breweries, s, £1 10s.

AUCKLAND Sales.—War Loan, 1/10/53 (2), £B7 ss; Auckland Gas. 20/12/49, 5 p.c., £101: Auckland Gas Perpetual. £9B: Comm. Bank of Aust. (3), 15s; Bank of New Zealand (2), 39s 2d; South British, 54s 6d; Dominion Breweries (ord.), 28s 9d; Aust. Alloy Steel (2), 7s lid; Con. Brick. 7s; Electrolytic Zinc (rights) (3), 29s 3d; Electrolytic Zinc (pref.), 555; Farmers’ Trading (B pref.), 235; G. J. Coles, 63s 3d (late sale); Metters, 15s; N.Z. Drug (con.), 50s. WELLINGTON Sales.—4 p.c. Ins. Stock. 1943-46. £103: 31 p.c. Ins. Stock. 1956-59 (2). £100; Taupo Totara (ord.), 4s 9d: Broken Hill Pty. (2), 42s 6d (all late Tuesday): War Loan. 1/10/53, £B7; 4 p.c. Ins. Stock. 1946-49, £lO5 ss; Eastbourne Borough l , 4| p.c., 15/12/53. £lO5 10s; Bank of New Zealand. 39s 2d; New Zealand Insurance, 655; South British Insurance, 545; G. J. Coles, 66s 6d; Metters (N.Z.). 15s; W.M. Cable (pref.), 22s 6d; Woolworths (N.Z.), 13s 6d: Grey River. 15s 3d; 31 p.c. Ins. Stock, 1956-59, £IOO ss. DUNEDIN Sales Reported.—Bank of New Zealand, 395: G. J. Coles, 63s 3d (ex div.): Woolworths (New Zealand), (ord.), 13s 6d. SYDNEY An Improvement in tone was noted on the Sydney Stock Exchange yesterday, but there was’ little movement in prices. _ Afternoon Sales.—Bank of New South Wales, £26 12s; Comrti. Bank of Sydney. £l7 11s: Colonial Sugar, £49 2s 6d; Burns. Philp, 50s; Standard Cement, 19s 6d; Henry Jones, 495; W. Atkins, 225; Electrolytic Zinc, 51s 9d: Electrolytic Zinc (rights). 29s 3d; Kanierl. 235; Placer Development, 61s: Mount Morgan, 8s lid; Loloma, 24s 6d. MELBOURNE Sales.—Comm. Bank of Australia, 14s; National Bank (£5 paid), £5 15s: Australian Paper Manufacturers, (pref.), 2os 9d; G. J. Coles, 645; Herald and Weekly Timas. 49s 6d; Broken Hill Pty., , 38s; Broken Hill Pty. (con.), 27s 3d.

‘COMPANY NEWS

DONAGHY’S ROPE NEW CAPITAL ISSUE (P.A.) WELLINGTON, August 6. Donaghy’s Rope is offering to shareholders registered on August 6 39.000 unissued shares in the proportion of nine to 20 at a premium of 10s a share.