COMMERCIAL

Press, Volume LXXVIII, Issue 23537, 15 January 1942, Page 6

COMMERCIAL

SECOND WOOL APPRAISAL WELLINGTON PROVINCE Clip «PRICES EQUIVALENT TO LAST YEAR” (PA.) WELLINGTON, January 14. Prices realised at the second wool appraisal of the 1941-42 season in Wellington, which was completed to-day, were, according to a report issued by the Wellington Wool Brokers Association very satisfactory. Quality and style taken into account, they were equivalent to last The The offering totalled 33,652 bales ine clips represented wools from the Wairarapa, Manawatu, and Rangitikei districts. As a result of the broken weather recently the majority clips were not in as good condition as usual, and were also slightly discoloured. The bulk of bellies and pieces were stained and, as in the first appraisal, very heavy with mud resulting in the prices being lower than those paid last season. , There was a fair quantity of Jambs wool offered at this appraisal, but it was not as well grown as usual, ana was dull in colour, this accounting tor the variation in the prices realised, as against last season’s. STOCK EXCHANGES CHRISTCHURCH MARKET BRIGHTER Markets were brighter on call yesterday at the Christchurch Stock Exchange, and there was more demand for Government debentures. Apart from vestibule business, the following transactions were recorded;— £SOO 3 p.c. Ins., 1946-48, £99 17s 6d; £2OO Lyttelton Harbour Board, 4J p.c.. 31/3/43, £lOl 15s; 129 Christchurch Gas, 225; 180 N.Z. Breweries, 355; 1000 Ward Brewery (in liqd,), Is; 100 Hume Pipe (Aust.), 14s 6d, New Zealand Government 3 per cent, stock (due 1946-48) “was firmer, with business at £99 17s 6d. and there were further unsupported sellers at £IOO, Buyers of the 4 per cent, stock (due 1954-58) and of the 4 per cent, bonds (1946) were fractionally firmer, with buyers at £lO6 and £lO2 12s 6d respectively. Lyttelton Harbour Board 4| per cent, debentures. (due March 31, 1943) changed hands at £lOl 15s. Kaiapoi Woollens (17s paid) appeared firmer, with buyers at 17s 6d. Christchurch Gas remained unaltered, with business at 225. New Zealand Breweries were steady at 355, and more were offered at 34s 9d, no sellers offering. Ward Brewery (in liquidation), which have been off the sales list for some time, changed hands at Is, market closing 9d buyers, Is 3d sellers. Hume Pipe (Aust.) had business at 14s 6d. Last local business took place on September 3, at 15s. AUCKLAND Sales.—4 p.c. Govt. Bonds, 1946-49, £lO4 (late sale): War Loan, 1953, £B7; N.Z. Insurance, 665; South British, 55s 6d; Le>land. O’Brien, 15s 9d; Woolworths (N.Z.), 14s Bd. WELLINGTON Sales. —4 p.c. Govt. Stock, 1949-52, £lO5 10s; N.Z. Breweries, £1 15s (two sales); Ma'cduffs (ord.), 9s. DUNEDIN Sales reported:—Donaghy’s Rope (con.), 34s 6d (late yesterday); Chas. Begg and Co.. 21s; Woolworths (N.Z.) (ord.), 14s 7d; Govt. Stock, 4 p.c.. 1952-55, £lO5 12s 6d. SYDNEY The Sydney Stock Exchange yesterday presented a firm front, with increased attention paid to medium-priced stocks. Morning Sales.— Australian Gas A, 91s; Associated Netvs. 9s 6d: Anthony Hordern (pref.), 19s 9d; Cash Orders, 14s; General Industries. 18s; Woolworths (New Zealand delivery), 14s Id. , , _ , Afternoon Sales.—Commercial Bank of Sydney. £l6 13s: Broken Hill Pty., 335; South Broken Hill. 22s 9d; Australian Consolidated Industries. 425; Australasian Papef’lord.)* tMs 7Jd: Wilcox, Mofflin, 9s Id; Electrolytic Zinc, 455; Mount Morgan, 8s 9d. MELBOURNE Sales. —Carlton Brewery, 61s; DunlopPcrdriau, 20s; G. J. Coles, 555; Herald and Weekly Times, 47s 3d. COMPANY NEWS imperial chemical INDUSTRIES (P.A.) WELLINGTON. January 14. Imperial Chemical Industries. Australia and New Zealand, Ltd., advise that a dividend for the half-year ended January 31, 1942, on the 5 per cent, preference shares atihe rate of 5 per cent, per annum, will be paid on that date. Woolworths (W.A.).—The directors of Woolworths (W.A.) advise that a halfyearly dividend of 4 per cent, on 8 per cent, preference share capital based on shareholdings as at January 31, 1942, has been declared available on February 15. Woolworths.—Woolworths advise that a half-yearly dividend of 5 per cent, on the paid up 10 per cent, preference share capital of the company based on shareholdings as at January 31, 1942, and also a Tialf-yearly dividend of 3i per cent, on the paid up 7 per cent, preference share capital.