COMMERCIAL

Press, Volume LXXVIII, Issue 23642, 20 May 1942, Page 6

COMMERCIAL

STOCK EXCHANGES

Few sales were recorded on the Christchurch Stock Exchange yesterday. Transactions vvcrci—• Sales on ’Change.—Listed Stock: 100 Bank of New Zealand at 38s 6d. Sales Reported.—Listed Stocks: 100 N.Z. Insurance, 645; 50 N.Z! Insurance (late sale Monday), 645. AUCKLAND Sales.—Amalgamated Brick (Auck.) Debentures, 1/3/44, 6 per cent,, £lOl 10s; National Bank of New Zealand, 38s; Bank of New South Wales, £2B; Bank of New Zealand (2), 38s 4d; Australian Consolidated Industries, 40s; Berlei (N.Z.), 68s 6d‘,-WoOlworthfe . (N.Z.),. 13s;: Woolworths Properties, 23s 6d; National Insurance, 18s 6d; South British Insurance, 54s ,9d. WELLINGTON Sales.—Late on Monday: National Insurance Company, 18s Bd; New Zealand Insurance Company, £3 4s; New Zealand Drug Company, £3 12s 6d. Sales,—Yesterday: Bank of New Zealand, £1 18s 3d and £1 18s 4d; South British Insurance Company, £2 14s 9d: Bank of New South Wales (Sydney reg.). £27 Ss. DUNEDIN Sales Reported.—Bank of New Zealand. 38s 3d; Milburn Lime, 365. COMPANY NEWS NEW ZEALAND BREWERIES, LTD. (P.A.) WELLINGTON. May 19. New Zealand Breweries. Ltd., recommends a final dividend for the year ended March 31, of 2J per cent., making 6 per cent, for the year, MINING The Associated Gold Dredges.—The rb-, turn for the week ending May 15 was 1430z from 64,600 cubic yards.' Austral New Zealand Mining, Ltd.—For the 28 days ending on May 16, the dredgeof Austral New Zealand Mining, Ltdoperated for 442 hours, treating 226.000 cubic yards and producing 574 ounces of bullion. STOCK SALES RANGIORA There were small entries in all classes at the weekly stock market at Rangiora yesterday Values ranged as follows; Sheep; Ewes in lamb, 12s 6d: four-tooth and six-tooth wethers, 17s fid to 22s 9d. - Cattle; Spring calvers, £3 to £7 store cows, £2. Pigs: Stores, 25s to 30s; slips, 11s 6d; weaners, 6s to 10s fid. ASHBURTON There was a small attendance and yarding at the Ashburton stock market yesterday, when prices were on a par with those ruling at the sale at the Tinwald yards last week Fat ewes brought prices ranging from 11s 4d to 18s 4d. while fat wethers made from 23s Id to 27s Id. Fat 'ambs from 21s 4d to 27s lOd. The top price of the sale,'27s lOd, was obtained by W J. Holland (Hinds) for four fat Jambs, while three wethers sold on account of D. Croft (Seafield) brought 27s Id and a pen of seven ewes offered for C. Whiting (Maronan) sold for 18s 4d. A fat cow sold for £8 15s and a steer for £6 15s. ' TEMUKA (P.S.S.I TIMARU, May 19 Entries at the Temuka sale were not so large as at the previous sale. In the fat cattle section about 100 head were forward, and the quality was indifferent. Values showed an improvement of 20s a head on the previous sale. The yarding of 800 fat lambs and two races of fat sheep sold under spirited competition, the latter selling at fully Is a head better than at the Pleasant Point sale. Fat steers made £lO to £l2 7s 6d, best cows £8 to £9 17s 6d, light to medium £5 7s 6d to £7 17s 6d, best heifers £lO to £l2 2s 6d. -light to medium £6 to £8 17s 6d. Best wethers made 29s to 31s 4d, light to medium 24s to 28s 7d, extra prime ewes 22s to 24s 2d. prime 18s to 21s, light to medium 11s to 17s 4d, best fat lambs 24s to 25s lOd, light to medium 19s lOd to 23s 7d. LORNEVILLE (P.A.) , INVERCARGILL. May 19. A medium yarding of fat sheep was forward at the Lorneville sale to-day In the early stages of the sale competition for ewes was quite keen values showing a slight improvement, but as the sale progressed there was a general easing tendency, and over the '■later stages of the sale values were fully to Is lower for butchers’ ewes compared with th previous week. Prime quality heavyweight wethers made up to 33s 3d, medium quality 27s to 28s 6d, and lightweights from 24s 6d to 265. Extra good ewes brought fo 235, good quality 18s to 20s. and medium quality and freezins weights 14s to 17s. There was a med-ium-sized entry of fkt lambs, for which export buyers competed keenly, the values realised being fully up to schedule rates, and in many cases about Is in excess. The bulk of the yarding ranged from 24s to 27s fid.