COMMERCIAL

Press, Volume LXXVIII, Issue 23805, 26 November 1942, Page 6

COMMERCIAL

* STOCK EXCHANGES PRICES REMAIN FIRM Trading was quiet on the Stock fixchange yesterday, with prices remaining firm. Sales on ’Change.—listed Stocks: 100 Broken Hill Proprietary, 40s. Sales Reported.—Listed Stocks: £230 4 p.c. Inscribed, 1943-46 Stock (late sale Tuesday), £IOO 15s; 200 Balllns Breweries, 13s 6d. Quotations Included: —4 p.c. Ins., 15/4/4649, buyers at £lO3 10s; 4 p.c. Ins., 15/5/4952, b. £lO4 15s; 4 p.c. Bis., 31/5/54-58. b. £IOB ss; E„ S., and A., b. £73 6s; Natl, of A'asia (£10). b. £l2 Is; Natl, of A’asla (£5), b. £5 10s 6d; National of N.Z., b. 46s 9d; New Zealand, b. 39s lOd, s. 40s 3d: Union, b. £7 10s; Dalgety, b. £7, s. £7 10s; Goldsbrough, Mort, b, 28s, s. 28s 6d; Invincible Building, b. 90s, s. 965; United Building, b. 20s 6d. s. 21s 7d; HuddartParker, b. 465; Union (pref.), b. 295; N.Z. Refrig. (£1 paid), b. 24s 6d, s. 24s 9d; N.Z. Refrig. (10s paid), s. 10s lid; North Canterbury (pref.), b. 225; Kalapoi (17s paid), b. 19s; Mosglel. b. £ll 7s 6d, s. £ll 14s; Westport, b. 24s 6d; Westport-Stockton, b. 2s sd, s. 2s 7d; N.Z. Breweries, b. 355, s. 35s 9d: Aust. C.1., b. 47s 6d, s. 50s; Booth, Macdonald (pref.). b. 6s 7d; British Tobacco, b. 43s 6d; Broken Hill Pty., b. 39s 9d, s. 40s 3d: Burns, Phllp, b. 535; Colonial Sugar, s. £52; Electro. Zinc (ord.), b. 48s; Hay’s, Ltd., b. 29s 6d: Hay’s, Ltd. (15s paid), b. 24s 6d; Milburn lime, b. 33s 6d; Morris Hedstrom. b. 225; Macduffs, b. 6s, s. 7s 6d; Macduffs (pref.), b. 18s 3d; National Electric, b. 255; N.Z.P. Fertiliser, b.- 17s 9d, s. 18s 3d; N.Z. Newspapers, b. 34s 9d; N.Z. Paper Mills, b. 34s 3d; Quill, Morris (1936), b. 18s; Woolworths (ord.), b. 15s Bd, s. 15s 9d; Woolworths (South Africa), b. 20s 6d, s. 20s lOd: Mount Lyell, b. 28s 6d; Mount Morgan, b. 8s 6d; Grey River, b. 13s 6d. s. 14s; Ngahere, b. 6s; Waihi, b. 3s 9d. AUCKLAND Sales.—National Bank of N.Z., 475; Bank of New Zealand, 40s 3d; Colonial Sugar, £sl 15s (2); Stock, 22/5/60,. £lO2 15s; United Building (Auckland), 20s 3d; Mount Lyell. 295; Commercial Bank, 15s 3d; A.C.1., 495; Consolidated Brick, 8s 6d; Malley’s, Ltd., 18s; Woolworths (Sydney), 15s 9d. WELLINGTON Sales.—National Bank of New Zealand, 475; Colonial Sugar, £sl 17s 6d; Macduffs (pref.), 19s 3d; Grey River, 14s; Snowy River, 6s 9d; Woolworths Holdings, 20s 6d. DUNEDIN Sales Reported.—National Insurance, 21s 4Jd; Standard Insurance, 70s; Dunedin City Debenture, May 1, 1943, 31 p.c., £IOO ss. ASSETS IN-FAR EAST STERLING AND DOLLAR FUNDS (PA.) AUCKLAND, November 25. New Zealand financial institutions and business firms have written off many thousands of pounds on account of assets in the Far East believed to have been seized by the Japanese. The first news to reach the Dominion concerning the currency position in Shanghai and indicating that all sterling and dollar funds were sent to banks outside China just before Japan entered the war against Britain and America last December, has been received in Auckland from the representative of a leading financial house in a letter from Shanghai through Chungking. Most of the larger concerns had sterling and American dollar accounts with British and American banks, and it is now revealed that these balances, amounting to many thousands, are held in London and New York, apparently until after the war, when adjustments will be possible. It is thus clear that the replacement of local currency by the Japanese does not affect sterling and dollar balances which were removed before the Japanese could seize them. COMPANY NEWS Consolidated Brick, Ltd.—The directors of Consolidated Brick, Ltd., have declared an interim dividend of U per cent., payable on December J7.—(P.A.)