COMMERCIAL

Press, Volume LXXIX, Issue 23880, 24 February 1943, Page 4

COMMERCIAL

STOCK EXCHANGES BUYERS RAISE THEIR OFFERS Buyers on the Christchurch Stock Exchange yesterday raised their offers slightly for a number of New Zealand stocks, although the sales recorded showed little change in price. Apart from vestibule business, the following transactions were recorded:— Sales on ’Change.—Listed Stocks: £2oo War Loan, 1/10/53, £94 10s; 50 Bank of New Zealand, 41s 9d; 100 British Tobacco, 47s 9d: 100 Dunlop Rubber, 235; 200 Slab Hut (ex div.), ss. Sales Reported.—Listed Stocks: £4OO War Loan 1/10/53, £94 10s; 15 Union Bank of Australia, £7 15s; 110 N.Z. Refrigerating (£1 paid), 23s 3d; 500 Broken Hill Pty., 41s (2). Quotations 2J p.c. Ins.. 1/8/46, b. £9B 10s: 2J p.c. Ins., 15/5/48, b. £9B 10s, s. £99 ss; 3 p.c. Ins, 1/8/51-54, b. £9B 10s, s. £99 7s 6d; 31 p.c. Ins,, 15/1/53-57, b. £lO2 10s. s. £103; 4 p.c. Ins., 15/4/46-49, b. £lO3 17s 6d, s. £lO4 10s; Bank of Australasia, b. £9 Is; Comm, of Australasia, s. 16s lid; E„ S., and A., s. 81s; New Zealand, b. 41s 6d, s. 41s 9d; New Zealand (“D” Mort.), b. 31s; National Insurance, b. 225; New Zealand, s. 80s; Dalgety, b. £7 7s 6d; National Mortgage (“A"), b. 475; National Mortgage ("B"), b, 28s 6d; N.Z, Guarantee Corpn., b. 3s 2d, s. 3s 6d; Huddart Parker Shipping, b. 46s 9d; Canterbury Frozen Meat, b. £l3; Gear Meat, b. 20s 6d; N.Z. Refrig. (£1 paid), b. 23s 3d, s. 23s 6d; Felt and Textiles, b. 435, s. 445; Kalapoi (17s paid), b. 20s 9d, s. 21s 3d; Kaiapoi (7s paid), b. 7s 6d, s. 8s 6d; Oamaru, b, 235; Timaru, b. 18s 8d; Westport-Stock-ton Coal, b. 2s 6d; Westport-Stockton (pref.), b. 7s; Christchurch Gas, b. 24s sd; New Zealand Breweries, b. 375, s. 37s 6d; Beath and Company, b. 24s 6d, s. 275; Beath and Company (pref.), b. 23s 9d: British Tobacco, b, 47s 9d, s. 48s; Broken Hill Ply., b. 40s 6d, s. 41s; Dunlop Rubber, b. 235, s. 23s 9d; Electro. Zinc (ord.), b. 525; Electro. Zinc, (pref.), s. 55s 6d; G. J. Coles, s. 59s 9d; N.Z. Farmers’ Coop., b. 9s; N.Z. Farmers’ ("A” pref.), b. 48s, s. 50s; N.Z. Newspapers, b. 35s 6d; N.Z. Paper Mills, b. 35s 9d; Quill, Morris (1936), b. 22s 6d; Taranaki Oilfields, b. 3s 6d. s. 4s 3d; Tingey (pref.), R. and E., b. 24s 3d; Woolworths (ord.), b. 17s sd, s. 18s; Woolworths (N.Z.). ord., b. 16s 3d, s, 16s 9d; Woolworths Properties, b. 26s 9d; Mount Lyell. b. 28s 6d. s. 29s 2d; Mount Morgan, b. Bs, s. 9s 8d; New Broken Hill, b. 465. AUCKLAND Sales.—Liberty Loan, 15/5/53-56, 3 per cent., £99 2s 6d; Stock, 15/9/57-60, 31 per cent., £lO2 ss; Bank of New Zealand, 41s 6d: South British, 70s (2); Renown Collieries, 9s; Auckland Gas, 6s 6d (2); Bartholomew Timber. 225; Farmers’ Trading, 21s 8d: Broken Hill Pty., 41s; Forest Products, 4s; Taranaki Oil, 4s Id; Woolworths (N.Z.), 16s 6d. WELLINGTON Sales.—Late Monday: 3 p.c. Inscr. Stock, 15/9/52-55, £99 12s 6d; Bank of N.Z., £2 Is 9d; N.Z. Guarantee Corpn,, 3s 3d: Auckland Gas. (C'x div.); 6S 8d; Ffelt and Textiles, £2 4s; Dunlop Rubber, £1 •3s. Yesterday: 3 p.c. Inscr. Stock, 15/5/5356, £99 ss; War Loan. 1/10/1953, £94 10s; 4 p.c. Inscr. Stock, 15/2/43-46, £IOO ss; Comm. Bank of Aust., 17s; South British Insurance, £3 10s; Felt and Textiles, £2 4s. DUNEDIN Sales Reported.—New Zealand Drug Co. (odd lot), £4 6s; Broken Hill South, £1 7s 6d; 3J per cent., 1953-57 Inscribed Stock, £lO2 10s: 4 per cent., 1952-55 Inscribed Stock, £lO6 10s; 3 per cent. 195255 Inscribed Stock, £99 10s; E,, S., and A. Bank, £4 2s 6d. STOCK SALES LORNEVILLE (P.A.) INVERCARGILL, Feb. 23. There were smaller offerings of fat stock at the Lorneville stock sale today. 'Fat wether values were easier, but ewes were slightly firmer. Values for fat cattle showed little change. Good quality medium-weight bullocks made from- £ls to £l6 15s, handy-weights £l3 15s to £l4 10s, light-weights £lO 10s to £l2. Good quality cows sold at from £8 15s to £9 15s, medium £6 15s to £7 ss, unfinished £5 to £5 15s, inferior £3 to £4 ss. Good quality medium-weight heifers made from £lO 5s to £ll 10s, light-weights £8 5s to £9 ss, and small £6 10s to £7 10s. Extra good fat lambs realised up to 345, prime quality 28s to 31s, good quality freezing weights 24s 6d to 25s 6d, light-weights 20s 6d to 225. Freezing buyers were operating for freezing ewes at from 12s to 13s 9d, and butchers secured their requirements at from 14s to 15s 6d. Good quality mediumweight wethers realised from 27s 6d to 29s 6d, and light-weights from 24s to 25s 9d. RANGIORA The yardings were smaller than usual at the weekly stock market field at Rangiora yesterday. The range of prices was as follows; Sheep: Fat ewes, 12s 6d to 13s Id; forward lambs, 19s to 20s 7d; store lambs, 13s to 16s; sound-mouth ewes, 10s Gd to 12s; two-tooth wethers, 275. Cattle: Heifers In profit, £lO 15s; fat cows, £6 15s; calves, 50s to £3. Pigs; Porkers, 55s to 70s; weaners, 255. TINWALD Prices at the Tinwald stock sale yesterday were firmer, the yarding being smaller than last week. Prices for lambs ranged from 18s 9d to 30s, and ewes made from 10s to 15s lOd. Only two pens of wethers were offered, these bringing 24s lOd to 27s 4d.

MINING Austral-New Zealand Company.—The Austral-New Zealand Mining Company report from Cromwell for four weeks ended February 20 is; 491 hours worked. 942 ounces recovered.