COMMERCIAL

Press, Volume LXXIX, Issue 23916, 7 April 1943, Page 4

COMMERCIAL

STOCK EXCHANGE

CHRISTCHURCH DEMAND

BRISK

There was a good demand for preference shares on the Christchurch Stock Exchange yesterday, when buyers of Canterbury Frozen Meat (prel.) advanced their bids to £7 15s. Macduffs (pref.) to 21s 4d, R. and E. Tingey (pref.) to 2,s 6d, and New Zealand Farmers’ Co-op-erative (first pref.). to 83s 6d. In all cases sellers were reticent. The reported sale of Ballins Breweries at 14s 7d was an improvement on last business, while a large parcel of the 3 per cent. 1933-57 New Zealand Government Stock sold at £99 ss. Transactions were;— Sales on ’Change.—Listed Stocks: 60 Broken Hill Proprietary, 41s Id. Sales Reported.—Listed Stocks: £5500 N.Z. Govt. 3 per cent. Inscr., 1953-53. £99 ss; 200 National Insurance. 22s 3d: 100 Goidsbrough, Mort, 28s; 100 Ballins Breweries (15s paid), 14s 7d: 100 G. J. Coles. 565; 500 M.K. Manufacturers, 6s 9d; 100 Grey River, 13s 6d. Quotations N.Z. Govt. 2J p.c. Stock, 1/8/46, b. 691 ICs; 2i p.c. Stock, 15/9/47, b. £9B: 3 p.c. Stock. 15/7/45, b. £100; 3 p.c. Stock, 15/9/46-40, b. £99; Comm. Bank of Aust;. b 16s Id, s. 16s 4d: National Bank of N.Z., b. 50s 9d, s. 52s 9d; Bank of N.Z., b. 40s 6d, s. 40s 8d: Dalgety and Co., b. £8; National Mortgage "A” (cum div.). b. 52s 6d, s. 58s; "B” (cum div.), b. 31s 6d, s. 355; N.Z. Loan and Merc. (ord. stock), b. £32 10s: Wright, Stephenson, b. 22s 3d; N.Z. Refrig. (10s paid), b. 10s sd, s. 10s 7d; Kaiapol Woollen (7s paid), b. 7s 9d, s. 8s 2d; Wellington (ord.), b. £8 2s 6d; Christchurch Gas, b. 24s 3d. s. 25s 6d: Ballins Breweries (15s paid), b. 14s 3d: Broken Hill Pty., b. 41s 4d, s. 41s 6d; Electro. Zinc (ord.). b. 53s 3d, s. 54s 9d; Macduffs (pref.) b. 21s 4d; N.Z. Drug Co., b. 85s; N.Z. Drug Co. (£1 paid), b. 43s 6d: N.Z. Farmers' Co-op (Ist pref.), b. 83s 6d; “A” pref., b. 51s 6d, s. 555; Tingey. R. and E. (pref.), b. 27s 6d; Whitcombe and Tombs, Ltd.. 90s: Mt. Lyell. b. 28s 4d, s. 295; Mt. Morgan, b. 9s 6d; Arahura, b. 265; Grey River, b. 13s 6d, s. 14s. AUCKLAND Sales.—Liberty Loan, 15/5/53-56, 3 p.c., £99 5s (3); Liberty Loan, 15/5/48, 2i p.c.. £9B 10s; War Loan, 1/10/53, £94 12s 6d; War Loan, 1/8/46. 2J p.c., £9B 10s; Comm. Bank, 16s 3d; E.. S.. and A. Bank. 81s; Bank of N.Z., 40s 8d; Pukemlro, 17s 6d; Rotoiti Timber, 4s 6d; Colonial Sugar, £55 10s; Fletcher Holdings (pref.), 25s 3d; M.K. Manufacturers. 6s 9d; National Electric, 27s Id; Sanford (pref,), 19s 3d; Broken Hill South, 26s 9d; Waihi Investments. 4s 6d. WELLINGTON Sales.—Late on Monday: Bank of N.Z.. 40s 8d; Union Oil. Soap, and Candle. 28s, Yesterday: Commercial Bank of Australia, 16s 3d; Rotoiti Timber. 4s 6d; Broken Hill Pty., 41s 3d, 41s 6d. DUNEDIN Sales Reported.—Late on Thursday: Otago Daily Times, 43s 6d. Yesterday: N.Z. Refrig, (cont.), 10s 6d; National Electrical, 275; Ins. Stock, 53-56, 3 p.c.. £99 Ss. SYDNEY Trading on the Sydney Stock Exchange yesterday embraced a wider range of shares than usual, but the volume of business was not great. Sales.—Burns Philp. 545; Dunlop Rubber, 21s; Associated News. 14s 3d: Tooth ;. 565; Anthony Hordern, 17s; Broken Hill Pty., 40s; Kuala Kampar, 9s 6d; Rawanj, ss; Mt. Morgan. 10s 3d; Kandos Cement 335.

MINING

Blackwater Mines; Ltd.—Returns for the tour weeks ended March 26 were: Crushed 3195 tons, yielding 1388 ounces of gold from all sources, the value of which, when gold is taken at 168s a fine ounce, was £11,659. Working expenses, not including ordinary or war duty, were £7632. Development expenditure was £528 and capital expenditure £404. Austral-New Zealand.—The dredge, in the 14 days ended April 3, produced 412 ounces in 237 hours.—(PA.) Slab Hut Creek.—The return for the week ending April 2 was 58 ounces from 13,460 yards, in 96 hours.