COMMERCIAL

Press, Volume LXXIX, Issue 23859, 30 January 1943, Page 6

COMMERCIAL

STOCK EXCHANGE WIDE RANGE OF STOCKS The volume of business was well maintained on the Stock Exchange this week and again covered a wide range of stocks. The most .active share was Commercial Bank ordinary, in. which many sales were recorded throughout the week at 16s ,9d. Other banking shares had their fair share of business, mostly at- unchanged prices. Insurance, loan and agency, and shipping were rather quiet, but- the demand for these is steady. Increases were .shown in buyers’ offers for most woollen shares, but sellers of these were few. New Zealand Brewery shares are also in demand. Woolworths, .Ltd., and Woolworths (N.Z.) have risen further and Interest has been shown in all New Zealand Farmers’ Cooperative issues. Sales yesterday on the Christchurch Stock Exchange were:— Sale on ’Change.—Listed stocks; 100 Commercial Bank of Australia. 16s 9d. Sales Reported Listed stock: £3OOO 4 p.c. Inscribed, 1946-49 Stock. £lO4 7s 6d; 100 Dominion Breweries, 33s 8d; 100 Broken Hill Pty., 42s 6d. QUOTATIONS N.Z. Govt. Debentures.—2l p.c. Inscr.. 1946, b £99; 3 p.c. Inscr., 1945, b. £99 10s; 3 p.c. Inscr., 1953-56. s. £99 10s; 4 p.c. Inscr., 1943-46, b..£101 15s; 4 p.c. Inscr.. 1949, s.'£lo4 10s; 4 p.c. Inscr., 1954-58, b. £lO7 ss: 4 p.c. Bonds, 1946, b. £lOl 17s 6d; 4 p.c. Bonds, 1955. b. £lO6 7s 6d; Liberty Bonds, b. 18s 3d; War Loan, 1/10/53, b. £94 ss; 2J p.c. Inscr., 1947, b. £9B 15s; 2i p.c. Inscr., 1948, b. £97 10s. Company Debentures.—Auckland Gas, 3J p.c. Perp., s. '£B9 10s; . N.Z. .Refrig., 41 p.c., 1/8/45, b. £lO2. Banks.—Australasia, b. £8 17s 6d: Commercial of Aust., b. 16s Bd, s. 17s: Natl, of A’asia. (£lO paid), s. £l2 7s 6d: Natl, of A’asia. (£5 paid), b. £5 15s; Natl, of N.Z., s. £2 10s: N.5.W.,. b. £3O 15s: New Zealand, b. £2 0s lOd. s. £2 Is 3d. Insurance. —National, b. £1 Is 9d; New. Zealand (ex div.). b. £3 17s; Queensland, b. £2 13s; South British, b. £3 9s; Standard, s £3 11s 6d. Loan and Agency.—Dalgety and Co., s. £8 2s 6d; GoMsbrough, Mort, b. £1 7s 9d, s. £1 8s 6d; Invincible Building, b. £4 10s. s. £5: Mutual Benefit, b. £ls; National Mortgage (A), b. £2 3s 6d; National Mortgage (B), b. £1 4s 6d: N.Z. Guar. Corpn.. b. 3s Id; Perm. Investment (ex div.), b. £10; United Building, b. £1 Is; Wright, Stephenson (ex div.), b. . £1; Wright, Stephenson (pref.. ex div.), b. £1 0s 6d., Shipping.—P. and O. Def. Stock, b. £1 12s 6d; Union (pref.), b. £1 8s 9d. Frozen Meat.—Canterbury, b. £l2 10s; Canterbury (pref.), b. £7 11s 6d; Gear (ex div.), b. 19s 9d; N.Z. Refrig. (£1 pd., cum div,), b. £1 4s 3d, s. £1 4s 6d; N.Z. Refrig. (10s paid, cum div.), b. 10s Bd, s. 10s 10d; Nth. Canty. Freezing (pref.), b. £1 2s; Southland,- b. £1 16s 3d; Wellington, b 8s 9d. Woollens.—Bonds Hosiery, b. £1 11s; Felt and Textiles, b. £2 0s 9d; Wellington, b. £7 10s; Wellington (pref.), b. £7 15s; Kalapoi (17s paid), b. £1 0s 6d; Kaiapoi (7s paid) b. 7s; Kaiapoi (pref.), b. £1 0s 9d; Manawatu. b. £1 10s, s. £1 15s: Timaru, b. 18s. Coal.—Kaitangata, b. £1 13s 6d, s. £1 16s: Westport, s. £1 ss; Westport-Stock - ton, b 2s 6d. s. 3s 3d. Gas.—Christchurch (ex div.), b. £1 3s Id; Christchurch (10s paid, ex div.),. b. 11s 3d. s. 12s. Breweries. —Ballins (15s paid), s. 14s 6d; Dominion, b. £1 13s sd: Carlton, s. £3 11s: Dunedin, b. £1; New Zealand, b. £1 16s 9d. s. £1 18s 3d; Swan. b. £1 2s 6d. ‘ Miscellaneous.— Alloy Steel (N.Z.), .b. £1 15s: Andersons (pref.). b. 19s; Aust. Consolidated Industries, b. £2 10s, - s. £2 11s 6d; Beath and Co., b. £1 3s 6d; Beath and Co. fpref.). b. £l.3s9d; Beath and Co. (Is paid), b. Is; Berlel (N.Z.) (cum div.). b. £3 9s 0d;. ‘Booth, Macdonald ’(pref.), b. 7s lOd, s. 8s 6d: Broken Hill Ptv„ b. £2 2s, s. £2 3s; Canty. Roller Flour, b. 12s 6d; Colonial Sugar, b. £53 10s, s. £55: Consolidated Brick, b. 8s; Charles Begg and Co., b. £1 0s 3d; Dominion Fertiliser, b. £1 Is 9d, s. £1 2s 6d: Donaghy Rope; b. £2 14s; D.I.C. (10s paid), b. 16s; Dunlop Rubber, b. £1 Is 6d: Electro. Zinc, b. £2 12s, s. £2 14s; Electro. Zinc (pref.), b. £2 14s: Evans Atlas Flour, b, £1 ss. s. £1 5s 9d; G. J. Coles (ex div.). s. £3 os'3d; Hay’s, Ltd., b. £1 10s, s. £1 13s: Hay’s. Ltd. (cont.), b, £1 3s; Howard Smith, b. £1 2s 9d: Hume Pipe (Aust.), b. 12s, s. 14s; Mason Struthers (£1 paid), b. 13s 6d; Milburn Lime, b. £1 14s 9d; M.K. Manufacturers, b. 6s, s. 7s; Morris Hedstrom, b. £1 2s 6d; Macduffs. b. 8s; Macduffs (pref,), b, £l. Unofficial List.—Apex Ice (ord.), b. 14s; Apex Ice (pref.), b. 16s; Amalg. Batteries, s. 14s; Ass. > Mot. Petrol (pref.). b. £1 3s fid: ‘Aust. Mot; Petrol, b. 12s: Christchurch Press, b. £9. s. £10: Paparoa Coal. s. 6s: Reece. Ltd., E. (pref.). b. 5s 6d; Seales (C pref.). b, 3s;. Silknit. b. Us: Westland Breweries, b. 17s 6d; Whakatane Paper, b. 4s 6d; Whakatane Paper (pref.), b. 10s. ... WELLINGTON Sales.—Late Thursday; Auckland Gas, 7s 8d; N.Z. Refrig. (£1 paid, cum div.), £1 4s 6d; N.Z. Refrig. (10s paid, cum div.) 10s lOd; Woolworths Proprieties, £1 6s; Mount Lyell, £1 9s IJd. Yesterday: 3 p.c. Ins. Stock. 15/8/52-55, £99 12s 6d; 4 p.c. Ins. Stock. 15/8/46-49. £lO4 7s 6d; National Bank of N.Z., £2 10s; Wcolworths Properties. £1 6s (2); G. J. Coles, ex div.. £2 19s 6d; McKenzie's Dept. Stores. £2 2s 3d. » DUNEDIN Sales Reported.—N.Z. Drug (£2 paid), £4 ss: N.Z. Refrig. (cont.) 10s lOd (2). 10s lid: 3 p.c. Ins., 1951-54, £100; Commercial Bank, 16s 8d; Broken Hill Prop., £2 2s 6d; Electro. Zinc (pref.), £2 14s 6d. GRAIN AND PRODUCE More wheat has been received by Christchurch merchants in the last week, and it is expected that with fine weather considerable quantities will be coming forward within the next few days. An indication of yields is still lacking, but the quality of samples so far is described as quite good. Otherwise the market is described, as extremely quiet for this time of the year. There is virtually no market for Carton oals, and samples of Algerian oats are comparatively few with no change in business (2s 8d to 2s 9d on trucks). Business In ryegrass is also quiet, merchants not being disposed to buy much because of export uncertainties, and the number of samples! offering is still relatively small. The new wheat price for the current crop on March Tuscan basis, is:—6s 2da bushel (less halfpenny a bushel deduction retained for insurance compensation fund); Hunters, 6s 4d (less deduction): Pearl and Marquis. 6s 6d and 6s 8d respectively (less deduction); subject to progressive monthly increments from AprU 1 to July 1, Inclusive, of one penny a bushel, and in August and September of a halfpenny a bushel, all prices f.o.b. COMPANY NEWS Elder Smith.—Elder Smith has declared an interim dividend cf 3 per cent.- for the half-year ended December 31, payable on March I.—(P.A.) Queensland National Bank. The Queensland National Bank notifies an interim dividend for the half-year ended December 31, at 4 per cent, per annum, payable on February 18.—( P.A.) MINING Maori Gold, Ltd—Dredge return for period ended January 29 was 370z sdwt for 148 hours, from 16,000 yards.