COMMERCIAL

Press, Volume LXXVII, Issue 23413, 21 August 1941, Page 7

COMMERCIAL

STOCK EXCHANGE BUSINESS

MARKETS QUIET BUT FIRM

DEALINGS RESTRICTED

Markets continued quiet but firm on the Christchurch Stock Exchange yesterday, and dealings were restricted to a few stocks. New Zealand Government, 4 per cent, stock, due 1955, advanced to '.£107. Buyers of Union Bank raised their bfds to £6 17s, but sellers were reticent. , Buyers of Felt and Textiles raised their bids to 43s 6d, no sellers offering. New Zealand Insurance were firmer with buyers at 65s 6d.' A late sale of British Tobacco on Tuesday was reported at the advanced price of 47s 6d—buyers yesterday offered 465, but sellers wanted 48s. Broken Hill Proprietary were firmer on buyers’ offers 42s 3d. Electrolytic Zinc, preference, rose to 55s 6d, and there were further buyers at 55s 3d. New Zealand Farmers’ Co-op., 4| per cent, stock, due 1950 and 1955, had Improved demand at £B2. , Silverton Tramway (ex div.) had business at 28s 9d, and late offers of 28s 6d met with no response. Wodlworths were firm at 17s 7d, market closing 17s 6d buyers, 17s 9d sellers.

Grey River were firmer on buyers’ offers 15s 3d.

Sales on Change: Listed Stpcks—£4oo 4 per cent, inscr., 1952-55, £107; 50 Electrolytic Zinc (pref.), 55s 6d. Sales Reported: Listed Stocks—loo British Tobacco (late sale Tuesday), 47s 6d; 100 Silverton Tramway (e$ div.), 28s 9d; 100 Woolworths (Sydney, ord.), 17s 7d. LATEST QUOTATIONS N.Z. Govt. Debentures.—3J p.c. Ins., 1953-57, b. £lOl 17s 6d. s. £lO2 ss; 3i p.c. Bonds, 1953-57, b. £102; 4 p.c. Ins., 1943-46, b. £101; 4 p.c. Ins., 30/11/48, b. £105; 4 p.c. Ins., 1946-49, b. £lO4 10s, s. £lO5 10s; 4 p.c. Ins., 1949-52, b. £lO5 ss; 4 p.c. Ins., 1954-58, s. £108; 4 p.c. Bonds, 1946, b. £101; 4 p.c. Bonds, 1955, b.,£107; Rural Bonds. 5 p.c., 1/10/53, b. £103; War Loan, 1/10/53, s. £B7 10s; National Development Loan, 31 p.c., 1956-59, s. £IOO 10s. 1

Company Debentures.—Auckland Gas., 5 p.c. Perpetual, s. £IOO. Banks.—Adelaide, s. £6; Australasia, b. £8 10s; Comm, of Australia, b. 14s 9d, s. 15s Id; Comm, of Aiistralia (pref.), b. £9; Comm, of Sydney, b. £l7 15s; New South Wales, b. £2B 10s; New Zealand, b. £1 19s 3d; New Zealand (Mort. Shares), s. £1 12s 6d; Union of Australia, b. £6 17s.

Insurance.—Aust. General, s. 18s 3d; Mercantile Mutual, s. £1 10s; National, b. 185,9 d; New Zealand, b. £3 5s 6d.

Loan and Agency.—Christchurch Building, b. £l7, s. £l7 10s; Dalgety and Co., b. £6 2s 6d; Goldsbrough', Mort, b. £1 6s 6d, s. £1 8s 6d; Mutual Benefit, b. £l4 10s; National Mortgage A, b. £1 15s; National Mortgage B, b. £1 Is; N.Z. Loan and Merc. (ord. stock), b. £3l, s. £36; Perm. Investment, b. £9 15s; United Building, b. £1 Os 7d. Shipping.—Devonport Ferry, b. £1 2s; Union (pref.), b. £1 6s 3d. Frozen Meat.—Canterbury, b. £lO 10s; Gear, b. 13s 8d; N.Z. Refrig. (£1 pd.), b. 19s 4d: N.Z. Refrig. (10s pd.), b. 8s lOd, s. 9s; North Cant. Freezing (pref.), b. 16s 9d, s. 18s; Waitaki, b. £4 Bs. Woollens.—Bonds Hosiery, b. £1 6s; Bruce, s. £1 3s; Felt and Textiles (cum div.), b. £2 3s 6d; Kaiapoi (17s pd.), s. 17s 3d; Kaiapoi (7s pd.), b. 5s 9d, s. 6s 6d; Kaiapoi (pref.), b. 18s; Manawatu, b, £1 2s; Mosglel, b. £lO ss; Oamaru, b. £1 2s; Timaru, b. 16s 3d; Wellington, "b. £8 10s; Wellington (pref.), b. -£7; Yarra Falls,, b. £2 4s. Coal,—Grey Valley, s. 6s 3d: Kaltangata, b. £1 Hs 6d; Westport, b. £1 3s 3d, s. £1 4s; Westport-Stockton. b. 2s (3d, s. 2s 9d; Westport-Stockton (pref.), b. 6s 3d, s. 7s 3d.

Gas.—Christchurch, b. £1 2s Id. s. £1 3s 3d; Christchurch (10s pd.), b. 10s 6d, s. 11s 3d: Wellington, b. £1 8s 3d. 1

Breweries.—Ballins (15s pd.), s. 11s 6d; Dominion, b. £1 8s 9d; Dominion (pref.), b. £1 8s 9d; Dunedin, s. £1 2s; Melbourne Co-op., b. £2 15s; -New Zealand, b. £1 14s Bd, s. £1 16s; Queensland, b. £1 4s; Swan, b. )£1 ss; Tooths, b. £2 12s 6d, s. £2 17s; Ward (In llqdn.), s. Is. Miscellaneous.—Alloy Steel (N.Z.), b. £1 10s; Anthony Hordern, b. 13s 3d; Aust, Con. Industries, b. £2 9s; Aust. Distillery, b. 12s, s. £1 Is: Aust. Iron and Steel (pref.), b. £1 7s; Brinds, b. 8s 6d; Beath and Co., b. 16s 3d; Berlei (N.Z.), b. £3 7s 6d; Booth, Macdonald (pref.), b. 55,. s. 5s 7d: British Tobacco, b. £2 6s, s. £2 8s; Broken Hill Pty., b. £2 2s 3d, s. £2 2s 9d; Burns, Phllp, b. £2 12s, s. £2 14s: Bradford Cotton, b. £2 Is; Claude Neon (Sydney), b. £1 2s; Colonial Sugar, b. £55; Dominion Builders, b. 4s 3d; Dominion Fertiliser, s. £1 3s 6d: Donaghy Rope (rights), s, 14s 8d; D.I.C. (10s pd.). b. 13s 9d, s. 14s 3d; Electro. Zinc, b. £2 13s, s. £2 14s 6d; Electro. Zinc (pref.), b. £2 lss 3d; Evans Atlas Flour, s. £1 8s; G. J. Coles, b. £3 ss; General Industries, b. 18s 9d; Hay’s, Ltd., b. £1 6s; Hay’s, Ltd. (con.), b. £1 Is; Electric and Plumbing, s. 11s 4d; Howard Smith, b. £1 0s 6d: Hume Pipe (Aust.), b. 13s 6d: Mason, Strulhers (£1 pd., cum div.), b. 10s, s. 12s 9d; Mason, Struthers (14s pd.), b. Ss, a. 9s; Mason, Struthers (10s pd.). b. Sa 9d, s. 6s 6d; Milburn Lime, o. £1 17s 3d; Macduffs, b. 8s 9d, s. 9s 4d; Macduffs (pref.), b. 19s, s. 19s 6d; National Electric, b. £1 0s 7d; N.Z. Drug. Co., b. £3 17s Cd; N.Z. Farmers’ Co-op. (£2 10s pd.), b. ss; N.Z. Farmers’ Co-op. (A pref.), b. £1 13s 6d, s. £2 Is; N.Z. Farmers’ Co-op. (B pref.), b. £1 ss, s. £1 9s; N.Z. Farmers’ Co-op. (41 p.c. Stock, 1950). b. £B2. S. £B6; N.Z. Farmers’ Co-op. (4J p.c. Stock, 1955), b. £B2. s. £B6; N.Z. Newspapers, b. £1 10s: N.Z. Paper Mills, b. £1 11s, s. £1 12s 6d; Qtago Dally Times (ex div.), s. £1 17s; New Colosseum, b. £1 ss; Quill, Morris (1936) (cum div.), b. 17s, .s. £1; Silverton Tramway (ex div.), b. £1 8s 6d: Self ridges,, b. 18s: Tingey. R. and E.

(pref.), b. £1 Is 6d; United Pictures, b. 3s 6d, s. 5s 6d; United Provisions, b. 6s 9d, s. 9s 6d; Weeks (ex div.), b. £8; Whltcombe and' Tombs, b. £3 8s 6d; Wilson’s Cement, b. 19s 3d: Woolworths (Sydney) (ord.), b. 17s 6d, s. 17s 9d: Woolworths i (West Australia) (cum div.), b. £3; Woolworths (N.Z.), b. 14s; Woolworths (N.Z.) (pref.), b. £1 19s; Woolworths Properties, b. £1 5s 3d, s. ,£1 6s; W. R. Carpenter, b. £1 13s 6d. Overseas Listing.—Woolworths (S.A.), b. 15s 6d, , Australian Mining.—Broken Hill South, b, £1 6s; Mount Lyell, b. £1 7s. s. £1 7s-8d; Mount Morgan, b. 9s 4d, s. 9s 9d; North Broken Hill, b. £2 Is; Loloma,. b. £1 ss; Placer Development, b. £3 ss. N.Z. Mining.—Alexander, s. ss; Arahura, b. £1 5s 6d; Argo, s, 7d; Austral (N.Z.) Mining, b. £1 2s 6d; Big' River, b. 8d; Golden. Sands, b. sd. s, 9d; Grey River, b. 15s 3d; Kanieri, s. £1 ss; Maori Gold, s. 6d; Moonlight Goldfields, b. 2d, s. 4d; Nemona, s. 4d; New River, b. 2d, s. 4Jd; Ngahere, s.TOs 9d: Nokomai, s. 10d; Snowy River (5s pd.), b. 5s 6d; .Worksop 1 Extended. b. Id; Slab Hut (6s pd.), b. 4s, s. 4s 9d; Una Hill, b. Is Bd.l s. 2s. —Unlisted Stocks. Apex" lice, b. 12f 6d, s. £1; Apex Ice (pref.), s.: £1 Is; Assoc. Gold Dredges (14s pd.), b. 12s 6d,, s,l3s 2d; Aust. ’Mot. Petrol, b. 10s; Blackball Creek, b. 61d, s. 9d; Christchurch Press, b. £7 10s; Carbonic Ice, -b, £1 ils, s. £1 10s: Lange’s Mobile Gas, s. ■ 10s;; Reece. Ltd., E. (pref.), b. 4s 6d; Uriwins. b. £2 3s; Westland Breweries, b.;£2 4s 6d. AUCKLAND Sales,—lns. Stock, 31/5/54-58, 4 p.c., £108; North Auckland (B pref.),* 9s 6d; Pukemiro Coal, 18s ,6d; G. J. Coles, 65s 6d; Morts Dock. 20s 6d; Macduffs (pref.), 19s 3d; Reid Rubber (10s paid), 15s (late sale Tuesday): New' Zealand Farmers’ ,Fert„ 19s 9d; Sanford (3), 4s 6d; Woolworths (Sydney) (3) 17s Bd. WELLINGTON Sales.—C* J. Coles, 65s 6d; Woolworths, Ltd., 17s 8d (both late Tuesday); 4 p.c. 1948 Ins. Stock, £lO5 2s 6d; Silverton Tram, 28s 6d; Morts Dock, 20s Bd. DUNEDIN Sales.—4 p.c. Ins. Stock, 1943-46, £101; Ins, Stock. 4 p.c., 1946-49, £lO5 15s; Ins. Stock, 4 p.c., 1952-55, £lO7 10s; Bank of Australasia, £8 15s; N.Z. Refrlg. (con.). 8s 9d; Woolworths (Sydney), 17s 9d; Mount Morgan, 9s 9d. SYDNEY Share prices in Sydney yesterday underwent little change, although rises in price far exceeded falls. Morning Sales.—Comm. Bank of Sydney, £18; Tooths, 525; Associated News, (pref.), 15s IJd; Australian Consolidated Industries (con.), 41s 9d; Broken Hill Pty., 38s 6d; Broken Hill Pty. (con.), 27s Bd. Afternoon Sales.—Bank of New South

COMPANY NEWS

W. R. CARPENTER’S > PROFIT (U.P.A.) SYDNEY,. August 20. W. R. Carpenters profit for the year was £118,989. The dividend, is, maintained at 10 per cent. The carry forward is £90,582. FELT and textiles The directors of Felt and Textiles of Australia, Ltd., announce that they have decided to make an issue of 235,968 ordinary shares of £1 each at a premium of 10s a share to the holders of ordinary shares, in the proportion of one new share for every four ordinary shares held. For the purpose of determining the members entitled to afcply for new shares, the registers of holders of ordinary shares will be closed from Thursday, September 4 f 1941, to Friday, September 5, 1941. I MINING RiSORTS Argo.—A dividend (No. 21) of Id a share (free of income tax) nas been declared on all the shares in the Argo Company,- and will be payable on September 1. This dividend represents a distribution of £41,200 paid in dividends since operations commenced.