COMMERCIAL

Press, Volume LXXIX, Issue 23845, 14 January 1943, Page 4

COMMERCIAL

STOCK EXCHANGES YEAR OPENED QUIETLY The Christchurch Stock Exchange opened its year quietly. Yesterday s sales, Zvcvcr. were all at slightly h.gher prices Sales on -Change-Listed Stocks. -00 Slab Hut (5s paid, cum dividend), 5s 4d. Sales Reported—Listed Stocks. £IOOO 31 p.c. Ins., 1953-57 Stock. XlO4 5s -00 Commercial Bank of Aust. lbs .id (cum dlv,); 200 Woohvorths, ~I J S . ld k qR Quotations—2i px\ J/0/40. X9B 10s' 3 p.c. Ins., 15/9/52-oa, b. £99 10-, 3 p.c. Ins.. 1953-56, s. £99 10s; 4 p.c. Ins 15/2/43-46, b. £lOl 10s, s. £lO-, 4 p.c. Ins., 15/6/52-55, b. £lO6, s. £107: War Loan. 1953. b. £93 10s; Comm. Bank of Au.st., b. 16s Id; New South Wales, b. £3O ss; New Zealand, b. 40s 3d, s. 40s 9d; Union Bank, b. £7 ss; National Insurance, b. 21s 3d; New Zealand Insurance, b. 775; South British Insurance, b. 67s 6d; Dalgety, b. £7 7s 6d, s. £8 ss; Natl. Mortgage ‘'A", b. 435; N.Z. Ref rig. (10s paid), b, 245, s. 24s 6d; North Canterbury (prof.), b. 10s 3d, s. 10s lOd; Waitaki, ‘b. 355; Kaiapoi (17s paid), b. 19s 6d; Manawatu, b, 20s Cd; Westport, b. 245, s. 255; West-port-Stockton, b. 3s. s. 4s; Christchurch Gas, ta. 22s 9d; Chch. Gas (10s paid), b. 10s 9d; N.Z. Breweries, b. 355, s. 36s 6d; Aust, C.1., b. 495. s. 51s; Beath and Company. b. 235, s. 24s Od; Broken Hill Pty., b. 41s, s, 42s 3d; Colonial Sugar, b. £52; Dorn. Fertiliser, b. 21s 6d. s. 22s 6d; D.I.C. (10s paid), b. 15s Od; Electro. Zinc (ord.), b. 50s, s. 545; Electro. Zinc (pref.). b. 53s 6d, s. 575; G. J. Coles, b. 575; Howard Smith, b. 225; Hume Pipe (Aust.), b. 11s 9d; N.Z. Drug, b. 255; N.Z. Newspapers, b. 355; Otago Daily Times, b. 42s 6d, s. 44s 6d; Quill Morris (1936), b. 18s 6d; Selfridges, b. 18s 6d; United Provisions, b. 11s 3d, s. 12s 6d; Woohvorths (ord.), b. 17s, s. 18s; Woohvorths (N.Z.). pref., b. 395; Mount Lycll, b. 28s 9d, s. 29s 6d; Mount Morgan, b. 9s, s. 10s; Grey River, b. 12s 6d, s. 13s (id; Slab Hut (5s paid), b. 5s 3d, s. 5s 8d; Snowy River (5s paid), b. 6s 6d, s. 7s. a AUCKLAND .Sales,—Commercial Bank, His Id, 16s 2d, 16 s 3d; Colonial Sugar, £53; N.Z. Forest Products, 4s; Liberty Loan, 15/5/53-56, 3 per cent., £99 5?; Hank of N.Z., 40s fid; A.C.1.. 50s; Inscribed Slock, 15/1/53-57, £lO4 5s (2); N.Z. Insurance, 775; N.Z. Breweries, 35s Oil; Goar Meat, 20s .'id; Taranaki Oil Developments, Is 9d; Woohvorths (N.Z.), 14s Ifld. WELLINGTON Sales.—4 per cent. Inscribed Stock. 15/4/46-49, £lO4 ss; 3', per cent. Inscribed Stock, 15/9/57-60, £lOl 10s. AUCKLAND WOOL APPRAISEMENTS TOTAL RETURN TO DATE £590,864 (P.A.) AUCKLAND, January 13. The Woolbrokcrs’ Association announced to-day that proceeds of the November appraisement were £271,722 and of the December appraisement wore £264,477, making a total wool return so far this season of £590,864 for 31.065 bales. The chairman of the association (Mr 11. Duke) said that an extended season was likely because of labour problems. The wool was light and not so bright as lasi season. There were three appraisements to come, and a possible fourth in May. The season should approach the 1942 record of 103,500 bales valued at £ 1,770,742. RESERVE RANK STATEMENT OF ASSETS AND LI ARIDITIES (P.A.I WELLINGTON, January 13. Following is a statement, of assets and liabilities of the Reserve Bank at January 4, witli the returns for the previous statement in parenthesis:Liabilities.—General reserve fund, £1.500,000 (£1,500.000); bank nolcs, £30,674,298 (£30,753,397); demand liabilities; Stale, £12,565.006 (£8,438.456); banks, £18,5)1,196 (£20.050.563); other. £687,541 (£583,814); liabilities in currencies other than New Zealand currency £87,564 (£2158); other liabilities. £1,522.058 (£1,471,856). Total £(N.Z.) 65,547.665 (£62.819,669).' Assets. —Reserve: gold, £2,801.877 (£2.801.878); sterling exchange (in New Zealand currency), £25,676.059 (£25,881,494): subsidiary coin, £10,335 (£19,839): advances to the Marketing Department. V£578,303 (£1.416,533); advances for other purposes. £30,000,000 (£26,300.000); investments. £4,459.272 (£4.460.682); other assets, £2,012.818 (£1.939.243). Total. £( N.Z.165,547.065 (£62,819,669). Proportion of reserve to notes and other demand liabilities. 45.470 per cent. (47,909 per cent.). MINING Blaekwatcr Mines, Limited—Return for December; Crushed 2962 tons, yielding 1118 ounces of gold from all sources. Hie value of which when taking gold at 163s a fine ounce, was £9391. Working expenses, not including ordinary or war duty, were £7501, Development expenditure was £697, and capital expenditure was £720. Review of development work carried our during (he month; No, 14 level drive south advanced 26 feet on reef averaging B.l9dwt over a width of 26.7 inches; No. 15 level drive north advanced 64 feet on reef averaging B.BBdwt over I3.fi inches: No, 15 level drive south advanced 46 feet on reef averaging 12,31dwt over 30.8 inches; No. 15 level rise 3005 started and advanced to 21 feel on reef averaging 13.74dwt. over 16.7 inches.

BURNSIDE (P.A.) DUNEDIN, January 13. At the weekly stock sale at Burnside there was more interest in the fat beef market than last week. The sale opened firmly at last week’s rates and there was a gradual improvement as it progressed. Prices towards the end showed an increase of from 30s to 255. The best price was £2l 12s Gd. Good quality cows made up to £l2 7s Gd. and heifers, which were in short supply, brought up to £ll 12s Gd. Prime ox were sold at from £lB 7s (id to £2l. Approximately 2500 fat sheep were entered, including a number of pens of poor quality. The sale lacked the animation of the previous week and prices in all classes were easier by 2,s to 4s a head. Prime wethers made up to 27.s Gd, while best quality ewes brought up to 295. There was a large yarding of fat lambs, including a number of pens of choice quality. Butchers and export buyers competed freely and prices were firm throughout at full schedule rates. Best quality lambs made up to 29s 9d, while prime lambs sold from 26s to 28s. The yarding of pigs was larger than last week, about 240 being offered, Included in the offering were some choice baconers. These were firm to a shade better than last week, while porkers also showed improvement. Best baconers brought £5 16s. while baconers generally could he quoted from £4 17s to £5 Gs. Best porkers sold at £4 2s. Porkers generally could be quoted from £2 14s to £2 18s. There was a keen onmpelilion for store cattle, farmers compclmg for any classes showing quality. Three-year-old steers sold at £l2 2s, while two pens of Black Polls made £lO.