COMMERCIAL

Press, Volume LXXVIII, Issue 23753, 26 September 1942, Page 6

COMMERCIAL

STOCK EXCHANGES CHRISTCHURCH BUSINESS SMALL Although buying quotations were maintained at levels obtaining throughput the week only a small volume of business was written. Government stocks are particularly firm and . sellers were not disposed even to, meet the market at the higher levels. Banks, insurance, and loan and agency stocks were required at late rates, and buyers of frozen meats were Inclined to raise their limits. Woollen companies were also in demand, but the margin between buyers and sellers was too wide to enable buyers to fill their orders. Amongst the miscellaneous, business was recorded in British Tobaccos, which changed hands at 40s, and New Zealand Farmers' Co-operative first preference advanced Is on the previous day's sales, a parcel changing hands yesterday at 645. Although the turnover for the week has been disappointing, the general state of the market is very healthy and there appears to be no dearth of buyers. Sellers at market rates are extremely difficult to find. Holders of sound stocks prefer evidently to retain investments that are giving a reasonable return. The Stock Exchange will be closed on Monday, September 28. Sale on ’Change: Listed Stock—2oo British Tobacco, 40s. Sales-Reported: Listed Stocks.—loo Bank of New Zealand, 40s;. 100 N.Z. Farmers’ Co-op. (first pref.), 645.

LATEST QUOTATIONS N.Z. Govt. Debentures.—2J p.c. War Loan. 1/8/46. b. £97 ss; 3 p.c. Ins., 1946-48, b. £9B; 31 p.c. Ins,, 1957-60, b. £IOO 12s 6d; 34 p.c. Ins., 1953-57. b. £lO3 10s; 3J p.c. Bonds, 1953-57. b. £lO3 10s; 4 p.c. Ins., 1943-46, b. £IOO ss; 4 p.c. Ins., 1948, b. £10o; 4 p.c. Ins., 1948-49, b. £lO4 10s; 4 p.c. Ins., 1952-55, b. £lO7 ss; 4 p.c. Ins., 1954-58, b. £lO7 15s; 4 p.c. Bonds, 1946, b. £IOO ss; 4 p.c. Bonds. 1949. b. £lO4 10s; Rural Bonds. 5 p,c., 15/9/47, b. £102; Liberty Bonds, b. 18s: War Loan. 1/10/53, b. £92 ss ; s. £94; Liberty Loan, 2i p.c., 1947, b. £97 ss; Liberty Loan, 3 p.c., 1952-55, b. £9B las, 5 £99 ss. Municipal Debentures.—Auckland Gas., 34 p.c. Perp., b. £BO 10s; Booth. Macdonald, 5 p.c., 1/6/47, b. £Bl, s. £88; N.Z. Refrig.. 44 p.c., 1/8/45, b. £ 100 10s. Banks.—Commercial of Aust., b. 14s lid, s. 15s Id; National of A'asia (£5 paid), s. £5 11s; National of N.Z., b. £2 4s. s. £2 4s 8d; New South Wales, b. £2B 10s; New Zealand, b. £1 19s Bd. s; £2; Union of Aust., b. £7 Is 6d, s. £7 10s. Insurance.—National, b. £1 0s 4d; New Zealand, b, £3 10s; Standard, b. £3 3s 9d. Loan and Agency.—Christchurch Building, b. £l7 10s, s. £lB 10s; Dalgety and Co., b. £7; Invincible Building, b. £4 3s; Mutual Benefit, b. £ls; National Mortgage A, s. £2; National Mortgage B. o. £1 2s; N.Z. Loan and Merc. (ord. stock), s. £27 10s; Permanent Investment, b. £10; United Building (ex div.), b. £1 Is, s. £1 2s 3d. Frozen Meat.—Canterbury, b. £l2 ss; Canterbury (pref.), b. £7 10s; N.Z. Refrig. (£1 paid), b. £1 Is 8d; N.Z. Refrig. (10s paid), b. 9s 7d. s. 10s: North Cant. Freezing (pref.). b. £1 0s fid. Woollens.—Bonds Hosiery, b. £1 7s; Bruce, b. £1 4s: Felt and Textiles (ex div.). s. £2 3s; Kaiapoi (17s paid), b. IBs 6d, s. 19s fid: Kaiapoi (7s paid), b. 6s 6d, s. 7s Id; Kaiapoi (pref.), b. 19s 4d, s. £1 0s fid: Manawatu, b. £1 10s, s. £1 15s; Mosgiei. b. £ll ss; Oamaru, b. £1 3s fid, s. £1 7s fid: Timaru, b. 18s 4d; Wellington. b. £7 ss: Wellington (pref.), b. £7 10s. Gas.—Christchurch, b. £1 2s lOd, s. £1 3s fid. Breweries.—Ballins (15s paid), b. 10s; Dunedin, b. 19s; New Zealand, s. £1 13s lOd; Staples (in liqdn.), s. 2s 9d; Swan, b. 19s; Tooths, b. £2 ss. s. £2 10s. Miscellaneous.—Andersens (pref.), b. 19s. s. £1; A.C.1., s. £2 7s fid; Beath and Co. (cum div,). s. £1 4s fid: Beath and Co. (pref., cum div.), b. £1 3s; Berlei (N.Z.), b. £3 8s; Booth, Macdonald, b. 6s Bd, s. 7s; Canterbury Roller Flour, b. 9s fid; Colonial Sugar, b. £49, s. £sl; Dominion Fertiliser, b. £l. s, £1 ss; Donaghy Rope, b. £2 9s 6d; D.I.C. (pref.), b. £1 4s fid: Electro. Zinc (pref.), b. £2 7s; Evans Atlas Flour, b. £1 4s. s. £1 16s; G. J. Coles, b. £2 11s fid; Hay’s, Ltd., b. £1 10s, s. £1 13s; Hay’s, Ltd. (con.), b. £1 4s; Mason, Struthers (£1 paid), b. 11s 9d, s.-13s-6d; Mason, Struthers (14s paid), s. 9s; Mason, Struthers (10s paid), s, 7s; Macduffs, s. 6s; Macduffs (pref.). b. 16s fid, s. 18s; National Electric, b. £1 2s fid; N.Z, Drug Co., b. £3 16s; N.Z. Drug Co. (£1 paid), b. £2 2s fid; N.Z. Farmers’ Co-op. (Ist pref.), b. £3 3s; N.Z. Farmers’ Co-op. (A pref.), b. £1 13s fid, s. £2; N.Z. Farmers’ Co-op. (B pref.), s. £1 15s; N.Z. Farmers' Co-op. (4J p.c. Stock, 1949), b. £92: N.Z. Farmers’ Co-op. (41 p.c. Stock, 1950), b. £92; N.Z. Farm. Fertiliser, b. 16s, s. 18s fid: N.Z. Newspapers, b. £1 13s, s. £1 14s fid: N.Z. Paper Mills, b. £1 13s; Otago Dally Times, b. £2. s. £2 4s; Whitcombe and Tombs, b. £4: Wilcox. Mofflin(ex div.), s. 10s; Woolworths (Sydney) (ord., ex div.), b.-15s 7d, s. 15s 9d; Woolworths .(N.Z ), b. Iss. s. 15s 4d; Woolworths (N.Z.) (ex div.). b. £M5s 9d. Overseas Listings.—Woolworths (S.A.), b. 18s sd, s. 18s 9d. Australian Mining.—Mount Lyell, b. £1 7s, s. £1 7s 9d; New Broken Hill. b. 14s: Wellington Alluvials. b. Is fid, s. 2s 9d. N.Z. Mining.—Arahura, b. £1 5s fid. r. £1 8s: Grev River, b. 9s, s. 12s 9d: Maori Gold, b. 2d. s. 6d: Ngahere. b. 5s lid; Ngahere (deferred), s. 6s 3d: Slab Hut (5s paid), b. 5s 4d. s. 5s 9d: Snowy River (5s paid), b. 6s lOd. s. 7s 3d; Una Hill, b. 4d, s. Bd, . Unoflcial List.— Amalgamated Batteries, s. 10s; Aust. Invest. Trust, s. 12s fid; Assoc. Mot. Petrol (pref.). b. £1 2s fid; Aust. Mot. Petrol, b. 11s; Blackball Creek, s. 9d; Carbonic Ice. b.. £1 10s; Christchurch Press, b. £8 Bs. s. £8 15s; Mikonui (3s 6d paid), s. 10d: N.Z. Oil Companies Concessions, s. £1 15s; Reece. Ltd.. E. (pref.), b.-4s 9d: Urlwin’s. b. £2 3s; Whakatane Paper, b. 2s 9d. AUCKLAND Sales.—War Loan, 1/10/53, £92 10s (2): Amalgamated Brick (Wellington), 31/3/44, 6 per cent., £lO3 10s; Bank of N.Z.. 40s; Dominion Investment, 20s; Auckland Gas Company fis 4d; Bartholomew Timber, 19s fid; N.Z. Insurance. 71s; Farmers’ Trading Company, 20s fid; Reid Rubber, 22s 9d; Taranaki Oil. fis (2); Wilson’s Cement, 17s 3d (2); M.K. Manufacturers, 5s fid (2); Woolworth's (N.Z.). 15s 2d. Unofficial List.—Hellaby’s (5 per cent, pref.), 23s 6d. WELLINGTON Sales.—Liberty Loan. 2i p.c., 1947, £97 7s fid; Liberty Loan, 3 p.c.. 1952-55. £99; Bank of N.Z. (3), 40s; Bank of New South Wales, £29 10s; National Insurance, 20s fid; Macduff’s (pref.), 'l7s; 1 Taranaki Oil (2). 6s; Mount Lyell (2), 27s fid.