COMMERCIAL

Press, Volume LXXVII, Issue 23514, 17 December 1941, Page 5

COMMERCIAL

STOCK EXCHANGES NEGLIGIBLE LOCAL BUSINESS Firm but qaiet conditions prevailed on call yesterda: and the recorded 1 'siness was small. Apart from vestibule business the following transactions were recorded. Sale on ’Change: Listed Stock.—loo Woolworths (Sydney) ord., 15s 6d. Sale Reported: Listed Stock.—loo Bank of New Zealand, 38s 10id. Leading Stocks Easier Sellers of War Loan (1/10/53) reduced their limits to £B7 12s 6d, no buyers offering. Bank of New Zealand came down to business at 38s 10id, market closing 32s lid buyers, 39s 3d sellers. Sellers of Dunlop Rubber reduced their limits to 22s 6d, but buyers wanted 20s 6d. Woolworths (Sydney) ordinary had business at the reduced price of 15s 6d, and there were further buyers at that price, sellers at 15s lid. LATEST QUOTATIONS N.Z. Govt. Debentures.—2J p.c. War Loan, 1/8/46, s. £9B; 3 p.c. Ins., 1946-48. s. £100; 3J p.c. Ins., 1951-54, s. £99; 31 p.c. Ins.. 1956-59, s. £102; 31 p.c. Ins,, 195, " b. £IOO 17s 6d, s. £lOl 10s; 31 p.c. Ins., 1953-57 b. £102; 31 p.c. Ins., 22/5/60, b. £lOl 10s; 4 p.c. Ins., 1949-52, b, £lO5 2s 6d, s. £lO5 7s 6d; 4 p.c. Ins., 1952-55. s. £106; 4 p.c. Bonds, 1946, b £102; Rural Bonds, 5 p.c., 15/9/47, s. £105; War Loan, 1/10/53, s. £B7 12s 6d. Banks.—Adelaide, s. £5 19s; Australasia, b. £8 12s, s. £8 15s; Comm, of Australia, b. 13s 2d, s. 14s 3d; E., S., and A., s. £4; National of New Zealand, b. £1 18s. s. £1 19s 3d; New Zealand, b. £1 18s lid. s. £1 19s 3d; Union of Australia, s. £7. Insurance.—New Zealand, s. £3 10s. Loan and Agency.—Dalgety and Co., b. £6 10s; Goldsbrough, Mort, s. £1 7s; Invincible Building, s. £4 11s; Mutual Benefit, b. £ls; National Mortgage A, b. £1 18s; N.Z. Guarantee Corpn., b. 2s 9d. s. 2s lid; N.Z. Loan and Mercantile (ord stock), b. £3O, s. £4O; Perm. Investment, b. £lO. Frozen Meat.—N.Z. Refrig. (10s paid), b. 8s fid, s. 9s Id. Woollens.—Fell and Textiles, s. £1 18s 6d; Kaiapoi (17s paid), b. 6s 3d, s. 6s 9d; Mosgiel, b. £lO 15s. Coal.—Grey Valley, s. 7s; Westport, s. £1 ss; Westport-Stockton. >s. 2s lid; do. (pref.), s.‘7s. Gas.—Christchurch, s. .£1 2s 9d. Breweries.—New Zealand, b. £1 14s 6d, s. £1 15s 3d. Miscellaneous.—Alloy Steel (N.Z.), b. £1 18s; Australian Alloy Steel, b. 6s, s. 8s 6d; A.C.1., s. £2 6s; Beath and Co., b. 19s, s. £1 Is; do. (pref.), b. £1 is; British Tobacco (pref.). s. £1 11s 6d; Broken Hill Pty., b. £1 16s. s. £1 18s; Dominion Fertiliser, b. £1 3s fid; Dunlop Rubber, b. £1 0s fid, s. £1 2s Sd; Electro. Zinc. s. £2 11s; do. (pref.), s. £2 13s; Hay's, Ltd., b. £1 10s; do. (con.), b. £1 ss; Mason. Struthers (£1 paid), b. 11s; Meggitts. b £1 11s; M.K. Manufacturers, s. 7s; Macduffs. s. 9s 3d; N.Z, Farmers' Co-op. (A pref.). s. £1 18s; do. (4J p.c. Stock, 1950). s. £B9: N.Z. Farm. Fertiliser, s. £1 0s 3d; N.Z. Newspapers, s. £1 15s; Quill. Morris (1936), s. 18s 3d; Standard Cement, s. £1 0s 6d; Weeks, b. £8; Whitcombe and Tombs, b. £3 17s, s. £4 2s: Wilcox. Moffin, b. 9s 4d; Woolworths. Ltd., b. 15s 6d. s Iss lid; Wolworfhs Properties (cum div.). b. £1 5s 6d; W. R. Carpenter, s. £2 0s 3d. Australian Mining.—Mount Lyell, s. £1 7s; Mount Morgan, b. 8s; Rawang Tin, s. 10s. . N.Z. Mining.—Addison’s Flat (cum div.). s. Is 6d; Alexander, s. 3s 6d; Arahura, s. £1 10s: Barrvtown, s. 10s fid; Big River, s 9d: Grey River, s. 14s 9d; Moonlight Goldfields, b,' 2d, s. 4d; Ngahere, b. ss. s. 9s; Snowy River (5s paid), s. 7s 6d; Una Hill, b. Is. .. Unofficial List.—Apex Ice, s. 17s 6d, Amalgamated Batteries, s. 11s fid; Assoc. Gold Dredg. (15s paid), s. 13s 9d; Blackball Creek, (cum div.), b. 9d. s. Is 1°: Christchurch Press (ex div.l. b. £7 12s bet Lange's Mobile Gas, b. 4s; Westland Breweries, s. £1 4s. AUCKLAND Sales.—War Loan. 1/8/46. 2i p.c.. £97 ss; Ins. Stock, 15/4/46-49, 4 p.c., £lO3 10s (late sale): Auckland Harbour Board, 9/7/47, 41 p.c., £lO4 15s; Commercial Bank of Australia. 13s 4d; South British. 58s; West-port-Stockton (pref.), 6s 10d;Union Steam (pref.), 275; Broken Hill Pty., 37s fid. Farmers' Trading, 225; Woolworths (Syd.), 15s Bd. WELLINGTON Sale—.3J p.c. Ins. Stock, 1953-57, £lO3 ss. DUNEDIN Sales.—4 p.c. Ins. Stock. 1946-49, £lO3 15s; Union Steam (pref.), £1 7s; North Broken Hill, £1 17s 6d. Unlisted Stock.—Mackintosh, Caley, Phoenix, 16s 3d. SYDNEY The Sydney share market continues to weaken. Many sharp falls were registered again yesterday. The military callup of Stock Exchange officials is likely to lead to a reduction of calls from three to Afternoon Sales.—Bank of N.S.W., £24 3s; Comm. Bank of Aust., 12s; Colonial Sugar, £45 2s 6d; Burns, Philp, 46s 3d; Tooths, 46s 3d; Carlton Brewery, 58s; Horderns, 14s; Bradford Cotton, 355; Mtllaqum Sugar, 355; Electro. Zinc, 455; Mount Morgan, Bs. MELBOURNE Sales.—National Bank (£5 paid), £5 7s; Drug Houses. 245; Dunlop, 19s lOd; Broken Hill Pty., 32s 9d; South Broken Hill, 21s 9d; Mount Lyell. 24s 9d; Emperor. Gs 9d; Loloma, 15s 9d. MINING DREDGING RETURNS (gahere.—The Ngahere return for the f-month ending December 15 was 284 ices from 116,758 yards, worked in 203 ted Jack’s.—Associated Gold Dredges rise that for the week ended December the Red Jack’s dredge recovered 78 ices from 23,000 yards in 123 hours, larrytown.—During the first half of Denber, the Barrytown dredge ran 73 rrs, treated 23,000 cubic yards, for a urn of 151 ounces. fanieri.—During the first half of Denber, the Kanieri dredge ran 233 hours, ated 98,000 cubic yards, for a return 827 ounces. Irahura.—During the first half of Denber, the Arahura dredge ran 155 hours, ated 91,000 cubic yards, for a return 587 ounces. STOCK SALES . ASHBURTON A treble market was entered at the Ashburton stock sale yesterday, when prices for ewes and wethers were down by about 2s 6d a head on recent rates, and values for lambs were on a par with those ruling at the Tinwald sale last week. In the fat wether section prices ranged from 18s to 24s lOd, while fat ewes brougnt from Bs, Id to 13s 7d. Fat lambs made from 18s 4d to 24s 6d. RANGIORA No cattle were forward at the Rangiora market yesterdav. Wether hoggets made 16s to 19s fid, and for pigs values were: Porkers 30s to 50s fid, stores 28s to 335, slips 18s to 21s fid, and weaners 8s to 14: LORNEVILLE (P.A.) INVERCARGILL, December 16. There was an extra large yarding of fat sheep, with a good proportion ol wethers, at the Lorneville sale to-day. Quality on the whole was quite fair. In spite of the large yarding, values for wethers were quite up to those of the previous week, while tire demand for ewes was sound, there being a reduction of about 5s a head on the previous good sale. Extra prime heavy shorn wethers brought up to 36s 9d, prime quality from 27s to 28s fid, light-weights from 24s fid to*26s. Prime young shorn ewes brought to 19s 9d, prime qualify 16s to 17s fid. medium 14s to 15s, aged and inferior 11s to 13s. There was a large yarding of fat cattle with a good percentage of good quality heifers and cows. Good quality bullocks were in rather short supply. In the early stages of the sale values were fully 3(is a head lower than at the last sale, but from then on there was a genera! firming tendency, with values showing an increase over the last stages of 15s. Prime quality medium-weight bullocks brought from £l4 15s to £l6, handy-weights £l3 15s to £l4 10s. light-weights £ll 10s to £l2 10s. Prime quality heifers sold from £l2 10s to £l3 10s, handv-weiehts from EIC 10s to Ell 15s. small'£B 10s to £9 10=. Good quality rows made from £ll 15s to £l3, mediumweishts from £9 10s to £lO 10s, average £8 to £8 15s, aged and unfinished ffi to Cfi 15s