COMMERCIAL

Press, Volume LXXVIII, Issue 23813, 5 December 1942, Page 6

COMMERCIAL

STOCK EXCHANGES

CHRISTCHURCH MARKET QUIET In contrast to the activity of the previous fortnight the Christchurch Slock Exchange has experienced a quiet week. On the average buying quotations have outnumbered selling quotations by three to one. Government Stock has been firm, with very little offering, and no sellers of the issues carrying a higher rate of interest. The demand for banking shares has been good, with prices for New Zealand Bank shares showing an improvement. Insurance shares have been Inactive. On the other hand there has been more interest shown in coal shares this week. Australian shares have been in good demand, and price rises have been recorded in British Tobacco, Broken Hill Proprietary, Dunlop Rubber, and others. Mining shares have remained quiet. Sales on ’Change.—Listed stocks: 200 New Zealand Refrigerating (10s paid), 10s lOd; 116 Grey Valley Coal, 7s; 100 Christchurch Gas, 22s lOd. Sales Reported.—Listed stocks: 575 E., S„ and A. Bank, 73s (London register). £3OO New Zealand Farmers’ Co-op. (4J per cent. Stock, 1950), £95: 140 Woolworths. Ltd., 15s 9d; 100 New Zealand Farmers’ Fertiliser, 18s. LATEST QUOTATIONS

Banks.—Australasia, b. £8 17s 6d; Commercial of Australia, b. 15s: do. (pref.), b. £10; E„ S., and A., b. £3 14s 6d: National of A/asia (£lO paid), b. £l2 2s 6d; do, (£5 paid), b. £5 11s; National of New Zealand, b. £2 7s 6d: New Zealand, b. £2 0s 3d; Union of Australia, b. £7 12s 6d. Loan and Agency.—Christchurch Building, b. £l7 10s, s. £l9: Dalgety and Co., b. £7; Goldsbrough', Mort (ex div.), b. £1 7s 6d. s. £1 9s: Invincible Building (ex div.), b. £4 10s, s. £5: National Mortgage “A”, b. £2 2s sd; do. "B,” b. £1 3s 6d.

Frozen Meat,—Canterbury (ex div.), b. £l2 10s; do. (pref., ex div.), b. £7 3s; Gear, b. 18s 6d; N.Z. Refrig. (£1 paid), b. £1 4s 3d, s. £1 4s 9d; do. (10s paid), b. 10s 9d, s. 10s lid; North Canterbury Freezing (pref.), b. £1 Is; Southland, b. £1 13s,

Woollens.—Bonds Hosiery, b. £1 8s; Bruce, b. £1 4s; Felt and Textiles, b. £2 Is, s. £2 3s; Kaiapoi (17s paid), b. 19s 3d; do. (pref.), b. £1 0s 6d; Timaru, s. 19s: Wellington, b. £7 7s 6d; do. (pref.). b. £7 12s 6d.

Coal.—Kaitangata, b. £1 13s; Grey Valley, b. 6s 6d; Westport-Stockton, b. 2s sd, s. 2s 9d.

Gas.—Christchurch, b. £1 2s 9d, s. £1

Breweries.—Ballins (15s paid, ex div.). s. 11s; New Zealand (ex div.), b. £1 14s 3d. Miscellaneous.—Alloy Steel (N.Z.), b. £1 15s; Andersons (Ist pref.), b. 18s 6d; Beath and Co,, b. £1 3s, s. £1 ss; do. (pref.), b. £1 3s 6d; do. (Is paid), b. Is; Booth, Macdonald (pref.), b. 6s lOd: British Tobacco, b. £2 3s 9d: Broken Hill Pty., b. £2, s. £2 Os 9d; Bullied John, b. 9s; Colonial Sugar, s. £52 10s; Donaghy Rope. b. £2 11s; G. J. Coles, b. £2 16s 6d. s. £2 18s 6d; Gordon and Gotch, b. £2 2s fid: Hays, Ltd., b. £1 10s, s. £1 13s; do. (con.), b. £1 ss; Mason, Strutters (£1 paid), b. 12s 6d; do. (14s paid), s. 8s 6d; Milburn Lime, b. £1 13s; Macduff's (pref.), b. 18s 9d. s. £1; Macky Logan, b. £1 4s; National Electric, b. £1 4s 6d; N.Z. Drug Co., s. £4 3s; do. (£1 paid), b. £2 6s; N.Z. Farmers' Co-op. (£2 10s paid), b. 7s fid: do. (“A” pref.), b. £1 17s 3d; do. ("B" prof.), b. £1 9s 6d; N.Z. Farmers' Fertiliser, b. 17s 9d, s. 18s 6d; do. (pref.), b. £1 Is 6d; New Zealand Newspapers, b. £1 15s; New Zealand Paper Mills, b. £1 14s 6d, s. £1 15s 6d; Northern Roller Milling, b. £1 2s; Otago Daily' Times, b. £2 2s 6d. s. £2 4s fid; Simpson and Williams, b. £1 16s; Urlwins (pref.), b. £1 2s; Whitcombc and Tombs, hj. £4 3s 6d; Woolworths, Ltd., b. 15s 9d: Woolworths (New Zealand) (ex div.), s. 14s 8d; Woolworths (New Zealand), (pref.), b. £1 19s; do. Properties, b. £1 5s 6d. Overseas Lists.—Woolworths (South Africa), b. £1 Is. N.Z. Mining.—Arahura, b. £1 6s: do. (deferred), b. 18s, s. £1 2s; Consolidated (ox div.), b. 7s fid; Grey River, s. 14s 3d; Ngahere, b. 6s; Slab Hut (5s paid), s. 5s 7d; Snowy River (5s paid), b. 6s 7d, s. 7s. Unofficial List.—Aust. Invest. Trust, s. 11s: Ass. Mot. Pet. (pref.), b. 11s 3d; Christchurch Press, b. £8 12s 6d. s. £10: N.Z. Concessions, s. £1 15s; N.Z. Oil Concessions (rights), s, £1; Reece, Ltd., E. (pref.), b. 4s 9d;. Silknit, b. 11s; Urlwins, b. £2 3s; Westland Breweries, b. 19s, s. £1 3s. AUCKLAND Sales.—War Loan, 1/10/53, £94; Stock, 15/1/53-57, 31 p.c., £104; Stock, 15/9/52-55, 3 p.c., £99 os; N.Z, Insurance, 765; South British, 66s 3d (2); Newton King (pref.), 15s; New Zealand Breweries (ex div.), 34s Bd; Grey Valley Coal (odd lot), 6s lid; Auckland Gas (odd lot), 7s Id; Broken Hill Pty., 40s 3d; G. J. Coles, 565; Macduffs (pref.), 19s 6d; Reid Rubber, 26s fid; Reid Rubber (new issue), 26s 3d; Woolworths (Sydney)”, 15s 9d. WELLINGTON Sales. —Late Thursday; N.Z. Breweries, 34s 9d; Colonial Sugar, £52 ss. Yesterday; 3i p.c. Stock, 15/1/53-57, £104; Liberty Bonds (2). 18s 3d; National Insurance (2). 21s 3d; N.Z. Refrig. (10s paid). 10s lid; Macduff’s (pref.), 19s 6d; Broken Hill Pty., 40s 3d; Woolworths, Ltd., 15s 10d; Woolworths Properties, 25s 6d. *" DUNEDIN

Reported Sales.—Otago Daily Times, 435; Wilson's Cement. 18s 2d. 18s 3d.

COMPANY NEWS

Dominion Breweries.—Dominion Breweries, Ltd., have declared an interim dividend of 4 per cent, on preference and ordinary shares, payable on December 18. The payment is the same as last year, when the full distribution was 7 per cent. Reid Rubber.—The accounts of Reid Rubber Mills, Ltd., for the year ended September 30 show a net profit of £10,634, compared with £10,140 last year and £7694 in 1940. The profit is struck after making provision for depreciation and contingencies, and also taxation at £30,250, against £19,300 in the previous year. The directors recommend a dividend on all shares at 6 per cent, per annum (last year 7 per cent.) on amounts paid up. This dividend will absoro £7856, leaving to be carried forward £2778, which, with the balance brought forward, will bring the undistributed profits to £13,649.—(P.5.5.)

RANGIORA HORSE FAIR

About 70 horses were yarded at, the monthly horse fair at Rangiora yesterday. Top price of £29 was obtained for a sixyear draught gelding. Other prices were: Good draughts, five to seven years,- £l2 to £l6: eight to 10 years, £8 to £11; aged draughts, £2 to £6; hacks, £8 to £ls. with one at £2l; unbroken threeyear and four-year draughts, £6 to £ll.