COMMERCIAL

Press, Volume LXXVIII, Issue 23545, 24 January 1942, Page 5

COMMERCIAL

—* — STOCK EXCHANGES

CHRISTCHURCH MARKETS

DULL

Markets again remained quiet on rail yesterday, and prices generally were 'well maintained. Apart trom vestibule business, the following transactions were recorded:— Sales Reported—Listed Storks. £2OOO ;i per cent. Ins., 1951-54, £9B lOs. 42 South British Insurance Dale sale Thursday >, 3(is 9d. ... Sales Reported—Unlisted Stocks. 100 Associated Gold Dredges • 15s pd.Uds. Sale on ’Change—Listed Storks: 00 NZ. Refrig, ' i-1 pel.* 'cum div.K Us lOd.' Marketed Stocks Slightly Easier New Zealand Government. 0 per cent stuck 'duo 1051-541. remained unaltered at £OB 10s. and there were further unsupported sellers at £••■ Sellers of Bank of New Zealand we c easier at 80s Od, A late sale of South British Insurance on Januaiy \\ r • reported at 30s Od, New Zealand Refrigerating i£ 1 paid, cum dividend! wcic fractionally weaker, with business at 10s lOd, closing quotations Us fid buyers, 20s sellers Unlisted Slocks.—Associated Gold Dredges Gas paid*, in their first local business this year, remained unaltcied at 13s and there were further unsupported sellers at 13s 4ci. no buyers offering. I.ATKST QUOTATIONS X.Z. Govt, Debentures.—3 p.c, li>,, 10 >l-54 s ton• p.c. Bond-., 1053-57. b *'lo2; ;» ‘p.c. In?., 22/5/ GO. b. £102; 4 p.c. Ins.,' 1043-4 G. £lO2 15s; 4 p.c. ln>., 104(5-40. hj. t: lon .-. €104; 4 p.c. In-., 19.*2-S.>. hj. r 105 in,-; 4 n.c. Ins., 10a4-.sa, s. -bin 4 p.c. Bonds. 1040, b. £lO3 15?; 4 p.c. Bond-. 1055, 1). £lO5 10s; War Loan, 1/10/53. s. Municipal Debentures, —Makarua Drain. Board. 4J p.c., 1/8/46, s. £lO3. Banks.—National of N.Z.. b. £1 18s 9d; New South Wales, s. £27 15,5; N.Z., b. u 10s. s. £1 10s Od; Union of Australia, .-. 'insurance.—National, s. 10s Od; South British, b. £2 16s: Standard, b. £3, s. £3 3!, Laa’n and Agency.— Christchurch Building b. £l7; Goldsbrough, Mori. b. £1 as: Invincible Building, s. £4 11s; Mutual Benefit b, £ls; N.Z. Guarantee Corpn., b. 2s 8d s 2s ltd; N.Z. Loan and Mere, lord stock), s. £4O; Perm. Investment, b. £10; United Building, b. £1 Is. Frozen Meat.—N.Z. Relng. (£1 paid), cd. I) 10s (id, s. £1; N.Z. Relng. (His paid, cum div.l, b. 3s, s. 8s 0d; Southland, b. £1 12s; South Otago, b. £5. Woollens.— Bruce, s. £1 4s Gd; Felt and Textiles, s. £1 15s; Kaiapoi IDs paid), 0. 3d; Manawalu, b. £1 10s, s. £1 las; Mosgicl, b, £lO 15s; Thnaru. s. 18s >d. Coal. —Grey Valley, b. 4s s is; Westport, b. £1 4s 0d; Wcstport-Stockton, b.

Giis.-- Anckl;incl, s. (is Id; Christchurch lex div.l. b. £1 1- 3d. s. £1 3S. Christchurch (10s paid, cx div.l, b. 10s od, Breweries. —Dominion (pref.). b. F.l 10s; m 7 r rj 14; icd; Staples (in liqdn.l. s g; Od: Swan. b. £1 3:,; Ward (in liqdn.l, icx dr tnbulion i. s. Is. , ... MlM’pll.nu’Oit'i,— Steel (N.Z.), b. z.l IV- Od: Australian Alloy Steel, b. 7s, &■ a, 3d; A.C.I, s. £2 a;-: Death and Co., b. Ifls 3d; Bealb and Cn. iprcf.l. b. £1 1-; Booth. Macdonald (prof.), b. 4s (id, s. w (id; British Tobacco (pref., cx div.l. . s. £1 11; fid: b. £1 Ins. J. U He Colonial Sugar, b. >-4G as, s. £4i *-s I,l[l - Dominion Fertiliser, b. £1 2s fid, s, (.1 4s 3d; Dominion Rubber, b. 2s; D.I.C. lies paidi, b 14s; Dunlop Rubber, b. 19s fid, tl 2.-; Electro. Zinc (cx div., orclj, s. f2 Os; Electro. Zinc (pret , tx div.l, s. £2 U-, lias';, Lid., b £1 bo-; Mason. Stnilin i ill paidi, b. 1U Od; ivI.K.M.. s. 7s- Moil- Dock. b. Itfi: Macduff(s ipreti . 'll 1; fid; N.Z. Malay Rubber iprel ). b, 2-; N.Z. Farmers’ Co-op, (Ist prel.i. s l"i 7s fid' N.Z. Farmers' Co-op. (A prof') «’ £1 las; N.Z. 'Newspapers, b. £1 13s. s. £1 14s 3d; Otago Daily Times, b. ri 19s- Standard Cement, b. 19s 3d; Taranaki bilfileds, s. ss: Weeks, b. £8 ss. ?. £ie Whit combe and Tombs, b. £3 17s. s. r 4 2-' Wilcox, Mofflin. b. 8s 3d; Woolworths, Ltd., b. 15s 6d, s. 15s 9d; Wool-

worths (N.Z.I, s. 15s; Woolworlhs PropcrovC b rsp £ as Listbiß.-Woohvorths (S.A.). b. '^Au^tralian 7 Mininß —Lolonia, b, bis fid; M fMorJan b Bs. s 8s lOd; North Broken Hill. b. Cl Us 3d. c 5.7.. Mining.—Big Sri, . Rivou b 14< 6d: Moonlight, b. u\, s -, 4fJi Il'J'im 11 MO. «• Ifj fr'wSt 15s paid, cum div.l. b. 6s 6d, s. 8.. sop Extended, s. 3d. . wn „ tmolßcial Lht.-Apcx Ice. s. 16s A.snc Gold Drerig. .15s paid), s 3s 4d, Black ball Creek, s. Is; R«c, Ui m s. 4s fid; Urlwin s. b. £2 2s, wc.uaou Breweries, b. IGs Gd. £1 AUCKLAND Sales, —Auckland Fire Board. 1945. 41 no £lO3 10s; Auckland Fire Board, 194b, 41 pe £ 104 3s; Auckland Gas, 6s: Colonial Sugar, £46 (21; Grey and Menzies I,'b fid; N.Z. Drug, 77s 6d; Woolwoiths iSyd.l, 15s Bd. IVKU.INGTON Sales.—Govt. Stock. 1951-54, 3 pc.. £OB HE; Govt. Slock, 31 p.c.. 1960, £101;, South British Insurance. 57s 6d: Arahura Gold ord„ 2fis; Grey River, 14s Bd.

GRAIN AND PRODUCE

NEW SEASON’S SAMPLES

Samples of now season's produce have been coming in more freely during the week. They include wheat. Garton and Algerian oats, and Italian and perennial ryegrass. The first few samples of wheal from light land were not attractive, but some of those offered from heavier land districts arc bright and plump. The price for this season's wheat is the same as last year’s —ss 9d, f.0.b., March basis, an initial payment of 5s 6d, and 3d at the end of the year. With settled weather there will be a lot of crop in process of heading in North Canterbury next week. The showery weather has delayed the harvest, but it has very materially improved the crop. Early deliveries of perennial ryegrass were light in weight, running between 231b and 2Ub a bushel, but some heavy samples, running up to 271b, have come in since. Some of the crop missed the benefit of the rains in the spring, and it is these that, are light in weight. Quotations arc from 3s 3d to 3s 9d, on trucks, sacks extra, Italian ryegrass samples have generally been light Quotations arc from 3s 3d to 3s 9d for good seed, with cases of less for indifferent quality and slightly more for particularly good samples. Both Garton and Algerian cats arc being offered. Cartons are limited by the price fixation to 3s 4d a bushel on trucks, and sales have taken place at this figure. Algerians are quoted at 2s (id to 2s 9d. There have been no Duns offered so far, but for heavy black quality 3s 3d is mentioned. No samples of Akaroa cocksfoot have been offered, but some roadside samples have come to hand. Seed from this source is of good weight, ranging from 13 to 151b.

There is no inquiry or .speculation in the potato market. Merchants arc gencrally awaiting a pronouncement from the Government on a ceiling price.

MINING

DREDGING RETURNS Red Jacks.—The Associated Gold Dredges advise that for (ive days ended January 16, file Red Jacks dredge recovered Baoz from 15,000 yards, in 90 hours. (irey River.—The return for the period ending Jauuar.s 22. was 257,',0r, Horn 111,,(JO yard ■. in 152 hours. Maori Gold dredee return was 05nr. Cdwt from 11,500 yards in 109 hour--.

SECURITIES IN LONDON LONDON, January 22. Quotations in London for British and New Zealand stocks are:—Consols. 2i p.c. £B,l 2s fid: funding loan. 4 p.c., 1960-96. £lls 2s 6d; war loan, 31 p.c., £lO5 ss: conversion loan. 3J p.c.. £ 107 7s 6d: victory bonds. £ll4 5m New Zealand. 4J p.c. 1948-53, £IOO 103; New Zealand, 3 p.c., £96 sa,

VEGETABLES AND FRUIT

WHOLESALE PRICES

Wholesale market quotations for the week arc;— , Vegetables: Most varieties have been m good supply during the week. Cauliflowers, however, are still scarce and prices high. Increased quantities ol potatoes are now available, and selling at lower rates. Ruling values arc:— Cauliflowers, 7s 6d to 14s 9d a dozen; cabbages, Is 6d to 4s 6d a dozen, lettuces, 6d to Is 3d a dozen; spinach 3s to 3s 9d a dozen: peas, 2s to 3s Id a peck; beans, 7d to 9ld per lb; marrows, 5s to 11s a dozen; rhubarb, 3s to 4s 6d a dozen; potatoes, 7s 6d to os fid a case; onions, up to 10s a sugarbag; cucumbers. 9d per lb. Fruit—Peaches; Extra choice dcsscii up In n ; ,'d per lb; cases, 5s to Bs, Apricots: Best dessert up to 8d per lb; cases 5s to 9s 6d. Plums: 3s 6d to Js a ease, according to quality. Tomatoes: Good supplies have come forward during the week. Values yesterday were; choice lOd to Is per lb; others, 7d to fUd per lb. Grapes; Extra choice laige. up to 3s per lb; others, 2s lOd per lb.

COMPANY NEWS

IScrlei (N.Z.), Ltd.—The net profit for the vear ended December 19. 1941, was 1110 742, against £10352 in the previous voa'r. and £11,852 in 1939. The sum of £921 lias boon transferred to the reserve account, and (he directors propose an unchanged dividend for the year of 3s fid a share (final 2sl, equal in all to 174 per cent. This will absorb £8750, leaving £5341 to be carried forward against £4279 brought in. The report states that the company's London buying house. Berlei iU.K.), Ltd., although carrying on under war conditions, had kepi the company well supplied with' raw materials. The positions was now becoming more acute. The dividends received had been credited to the general reserve account in the current accounts. This fund stands at £41.000. against £37,500 a year ago. The taxation reserve is £4OOO higher at £47,000,—P.5.5.