COMMERCIAL

Press, Volume LXXIX, Issue 23891, 9 March 1943, Page 6

COMMERCIAL

STOCK EXCHANGES CHRISTCHURCH QUOTATIONS Yesterday was a quiet day on the Christchurch Stock Exchange. Sales on 'Change.—Listed Stocks: 100 Woolworths (N.Z.), 16s 3d. Sales Reported.—Listed Stocks: 500 N.Z. Refrigerating (10s paid), 10s 4d; 300 New Zealand Breweries, 38s. Quotations '2i p.c. Ins. Stock, 1/8/46. b. £9B; 3 p.c. Ins. Stock, 15/9/46-48, s. £101; 3 p.c. Ins. Stock, 15/9/52-55, s. £99 12s 6d; 4 p.c. Ins. Stock, 16/2/43-46, b. £IOO 15s; Bank of Australasia, b. £9; Commercials, s. 16s 9d; National of A'asia (£10), s. £l2; National of N.Z., b. 50s; Bank of N.Z., s. 41s 3d; Bank of N.Z. (D Mort.), b. 31s 6d; National Insurance, b. 22s 3d; N.Z. Insurance, s. 795; Dalgetys, b. £7 16s; National Mortgage A, b. 50s; National Mortgage B, b. 30s 3d; N.Z. Guar. Corpn., b. 3s 4d, s. 3s 7d; Huddart-Parker, b. 48s 3d; I Union (pref.), b. 30s; Gear Meat, b. 20s 9d; Felt and Textiles, s. 445; Oamaru Wool, b. 23s 3d; Wellington Wool, b. £7 15s; Westport Coal, b. 24s lid; Westport-Stock-ton, b. 2s Bd, s. 3s; Christchurch Gas, b. 25s 6d; Ballins Brewery, b. 13s 9d; N.Z. Breweries, b. 37s 9d; A.C.1., b. 51s Id, s. 525; Beaths, b. 24s 6d; British Tobacco, b. 475, s. 48s; Electro. Zinc, b. 53s 4d, s. 54s 6d; G. J. Coles, s. 59s 3d; General Industries, b. 19s 9d; Kauris, b. 245; Macduffs, b. 9s, s. 10s 6d; N.Z. Drug, s. 88s 6d; Selfridges, s. 22s 6d; Taranakis, s. 4s; Wilson's Cement, s. 18s lid; Woolworths (ord.), b. 17s 6d; Woolworths (N.Z.), b. 16s Id, s. 16s 4d; Woolworths (South Africa), b. 22s lOd; Mt. Morgan, b. 8s lid, s. 9s 3d; Norths, b. 465; Arahuras, b. 25s 3d, s. 28s. AUCKLAND Sales.—Liberty Loan, 15/9/52-55 (3), £99 7s 6d; Bonds, 15/4/46-49 (4). £104; Stock, 15/9/57-60, £lO2 7s 6d; Mount Albert, I 8.C., 1/7/55, 41, £lO7 15s; Auckland Transport Board, 20/7/49, 4J. £lO4 15s; N.Z. Insurance, 78s 6d (2); Martha, 9s 6d; Waihi Investments, 4s Id; N.Z. Newspapers, 36s 6d; Read Rubher, 27s 9d.— (P.A.) WELLINGTON Sales.—4 per cent. Stock, 30/11/48, £lO4 10s; 4 per cent. Stock, 15/5/49-52, £lO5 10s; E., S„ and A. Bank, 80s 6d; Huddart, Parker, 48s; Leyland, O'Brien, 21s; Woolworths. (N.Z.), 16s. 3d;. Wilson's Cement, 18s" 9d; G. J. Coles, 59s 3d; A.C.1., 515.-(P.A.) DUNEDIN Sales Reported.—Commercial Bank (ord.), 16s 9d; Broken Hill Pty., £1 Is; N.Z. Insurance, £3 18s 3d.—(P.A.) RESERVE BANK STATEMENT (P.A.) WELLINGTON, March 8. The following is the statement of assets and liabilities of the Reserve Bank uf New Zealand at the close of business on March 1 (with figures for the previous week in parenthesis):— • Liabilities.—General reserve fund, £1,500,000 (same); bank notes, £30,043,713 (£30,033,461); demand liabilities: State, £16,967,211 (£15,396,584); banks, £24,811,943 (£26,083,031); other, £559.333 (£487,829); time deposits, nil; liabilities in currencies other than New Zealand currency, £19.875 (£19,876); other liabilities, £1,617,836 (£1,611,276); total, £(N.Z.) 75.519.913 (£N.Z.75,132,057). Assets.—Reserve; gold, £2,801,877 10s (same); sterling exchange (New Zealand currency), £31,267.756 (£31,262,642); gold exchange, nil (same); subsidiary coin, £23,860 (£26,456); discounts, commercial and agricultural bills, nil (same); Treasury and local bills, nil (same); advances: Marketing Department, £4,205,167 (£4,216,788); for other purposes, £30,000.000; to other public authorities, nil (nil); investments, £4,457.381 (£4,457,882); bank buildings, nil (nil); other assets, £2,763.070 (£2,366,412); total, £(N.Z.)75,519,913 (£N.Z.75,132,057). Proportion of reserve to notes and other demand liabilities, 47.042 per cent. COMPANY NEWS Milne and Choyce Dividends.—Dividends have been declared by Milne and Choyce, Ltd., as follows:—Debenture stocks, ordinary and preference shares, (5 per cent, per annum; B preference shares, 7 per cent. The dividends will be payable on April 1.-(P.A.) Woolworths (N.Z.) Dividend.—Woolworth's (New Zealand). Limited, have declared a half-yearly dividend of 41 per cent, on preference share capital.—(P.A.) MINING Blackwatcr Mines, Ltd,,.—Development work at Blackwater Mines, Ltd., for the four weeks ended February 26 was as follows:—No. 14 level: Back-shunt drive north at 1295 was advanced 64 feet, of which 59 feet exposed reef averaging 12.59dwt over 31 inches. No. 15 level: Drive north advanced 6ft on reef, averaging 16.77dwt over 24 inches. No. 15 level: Drive south advanced 35 feet on reef averaging 13.22dwt over 33 inches. No. 14 level: Rise at 795 advanced 49 feet on reef averaging 13.47dwt over 36 inches. No. 15 level: Rise at 3005 advanced 26 feet on reef averaging 8.83 dwts over 18 inches. No. 14 level winze, at 3190, advanced 33 feet on reef averaging B.74dwts over 28 inches. Associated Gold Dredges (N.Z.), Ltd.— For the week ended March 6, the company's dredges recovered 210J ounces from 76,500 yards in 368 dredging hours. STOCK SALES DUVAUCHELLE The yarding at the monthly cattle sale at Duvauchelle on Friday comprised about 250 head of catle, 150 head being in the fat pens and the balance being made up of stores, springers, and bulls. In the fat pens there were no heavy bullocks, but there were several lines of well-finished small steers and heifers. Prices for good quality animals wereaon a par with recent Addington market rates. There was a good demand for springers, the entry being larger than for some time. The store cattle consisted mainly of odd lines of store cows, but there were very few young cattle. & The range of prices was as follovysr— Fat steers, £8 12s 6d to £l3; fat cows £9 to £l2 ss; lighter sorts, £5 5s to £7 17s 6d; fat heifers, £9 5s to £l2 15s; lighter sorts, £6 15s to £7 17s 6d; springers, £4 15s to £lO ss; store cows, £3 6s to £4 ss; bulls, £2 7s 6d to £5 7s 6d. '