COMMERCIAL

Press, Volume LXXVIII, Issue 23541, 20 January 1942, Page 6

COMMERCIAL

♦ STOCK EXCHANGES CHRISTCHURCH MARKETS BRIGHTER Markets were a little brighter on call on the Christchurch Stock Exchange yesterday, and more activity in the industrial section was recorded. Apart from vestibule business the following transactions were recorded:— Sales Reported Listed Stocks. — £1930 4 per cent. Inscribed 1943-46, £lO2 15s; 200 United Building. 21s 6d; 200 New Zealand Breweries, 355. New Zealand Government 4 per cent. Stock, due 1946, advanced to business at £lO2 15s. and there were further buyers at £lO2 12s 6d, no sellers offering. United Building were easier at 2ls 6d. market closing 3d either way. New Zealand Breweries remained unaltered at 355, and further unsupported sellers were at the same price. Buyers of Emperor Fiji raised their bids to 7s 6d, but sellers were reticent. AUCKLAND Sales.—War Loan, 1953, £B7 dale sale): War Loan, 1951-54, 3 p.c., £9B 10s: Bank of New Zealand, 39s 3d; South British. 56s 6d (late sale); N.Z. Insurance. 65s 6d; Auckland Gas, 6s (odd lot): N.Z. Breweries, 35s (2); Aust. Alloy Steel, 7s; Woolworths (Sydney), 15s 9d (late sale), 15s 9d. WELLINGTON Sales.—Arahura Gold (ord.), 28s; Woolworths Holdings (South Africa), 17s Jd (late Friday): Govt. 3J p.c. Stock, 1953-57, £lOl 355: Wellington Gas (ord.), 30s; Macduffs, Ltd. (pref.), 21s. SYDNEY The Sydney share market was quiet yesterday, with leading industrials tending to mote down. Sales.—Austrian Consolidated Industries, 40s; General Industries, 18s; British Tobacco, 40s 6d; Felt and Textiles, 31s 9d; Colonial Sugar, £44: Broken Hill Pty., 325; North Broken Hill, 35s 6d; South Broken Hill. 21s 9d; Loloma, 15s 6d; Rawang Tin, 2s 9d. MELBOURNE. Sales.—National Bank (£lO paid), £lO 15s; G. J. Coles, 525; Emperor, 6s 6d. MINING Gillespie’s Beach.—The return lor the two weeks ended January 17 was 61 ounces in 233 hours from 28,000 cubic yards.—P.A. Argo Gold Dredging Company. Ltd.— The return for week ending January 17 was 31 ounces in 126 hours from 12,000 yards. STOCK SALES PLEASANT POINT (P.S.S.) TIMARU, January 19. A small yarding of mixed quality cattle at the Pleasant Point sale sold at values in excess of late rates. Medium steers made £8 2s fid-to £ll 7s 6d; best heifers to £9 12s, fid; light to medium £5 17s 6d to £8 2s fid. The entry of fat sheep was of average quality and size, and there was a good demand throughout. The recent improvement in values was fully maintained. The yarding of 320 fat lambs sold under keen competition from exporters and butchers. Light to medium wethers made 19s 4d to 23s 7d, prime ewes 12s Id to 13s lOd, light to medium 9s Id to 11s Ifld; prime lambs 25s 4d to 28s 7d, light to medium 21s Id to 24s 4d. The few lines of store lambs yarded were all well grown and in good condition, consequently they met with a good sale, values langing from 16s fid to 18s fid.