COMMERCIAL

Press, Volume LXXIX, Issue 23919, 10 April 1943, Page 6

COMMERCIAL

CHRISTCHURCH MARKETS There was a smaller turnover on the Christchurch Stock Exchange this week, although reported sales added considerably to the week’s business. There. hasbeen gopd demand for all classes of New Zealand investment stocks, and where Australian securities have beep termed ‘non-resident traders" by the Commissioner of Taxes prices have improved. "Non-resident traders" include Broken Hill Proprietary, Colonial Sugar, and Huddart Parker, to mention those already termed as such and arc free of National and Social Security Tax in the hands of New Zealand holders, The week’s business has been wall spread, but New Zealand Government Stocks had the biggest turnover, Investors especially being Interested in the 3 per cent, issues. Bank shares and Insurances prices have held, but have had little inquiry, although there has been a good demand (or loan and agency shares-rin this section prices have advanced in N.Z- Loan and Mercantile ordinary stock, National Mortgage (“A" and "B” C* dividend). Dalgeiy and Co,, and Wright. Stephenson ordinary. In the frozen meat section both Issues of New Zealand Refrigerating Company have been on offer, but buyers were not satisfied at the close, sellers being reticent, The breweries’ section has been quiet, but gains in the miscellapeouf section were noticed in Brokep Hill Propriatary, Naw Zealand I?rug Company; Macduffs (pref.), New Zealand Farmers Cq-op. (Ist pref.), Weeks. Ltd., and Whitcombe and Tombs, Ltd. Little Interest was shown tq the mining section, will' the possible exceptions of Grey River and Slab Hut. Australian mining was quiet. Apart from vestibule business yesterday, the following transactions were recorded:— Sales Reported.-—Listed stocks; £750 New Zealand Government 3 per cent. Ins,, 1953-58, £99 5s (3); 10 E„ S., and A. Bank (late sale Thursday), 81s; 100 Bank of New Zealand (late sale Thursday), 40s Bdi 500 Wilson’s Cement (late safe Thursday), IBs 2d. QUOTATIONS N.Z. Govt. Debentures.—2l per cent. Ins., 1946. b. £9B 10s: 3 per cent. Ins., 1945. b. £99 15s; 3 per cent. Ins., 1946-48. b. £99: 3 per cent. Ins.. 1952-55, b. £O3 ss; 3 per cent. Ins., 1953-56, b. £99. s £99 10s; 31 per cent. Ins., 1956-59, b. £101; 31 per cent. Ins,. 1957-60, b. £101; 31 per cent. Ins., 1983-57. b. £lO3 7s 6d; 4 per cent. Ins., 1946, b. £IOO 17* 6d: 4 per cent. Ins.. 1055. b. £IOB ss; 4 per cent. Bonds. 1948, b. £IOO 17s 6d: War Loan, 1/10/53. b. £94 10s, s. £95, Other Debentures—Auckland Gag, 3J per cent. Perpetual, s. £BB ss. Banks.—Comm, of Australia- b. 18s id, s. 16s 6d; Natl, of A’asla. (£lO paid), s. £l2: National of New Zealand, b. £2 10s pd, s. £2 12s 6d; New Zealand, b. £2 0s 6d, s. £2 Os 8d; New Zealand (mortgage shares), b. £1 12s: Union of Australia. s. £7 14*. . Insurance,—National, s. £1 2s 6d! Standard, b. £3 10s 6d. Loan and Agency.—Dalgety and Co., b. £7 15s: Goldsbrqugh.-Mort.. b. £l7s 9d: National Mortgage "A” (cum dlv.). D. £2 12s; National Mortgage “B” (cum dlv.), b. £1 Us, s. £1 15s; N.Z. Guarantee Corpn. b. 3s 4d: N.Z. Loan and Merc, (ord. stock), b. £32 10s; United Building, b. £1 Is 3d; WNght. Stephenson, b. £1 2s fid. . Shipping.—Huddart Parker, b. £2 9s; P. and O, Deferred Stock, b. £1 18s; Union (pref.). b. £1 10s. Progan Meat.—N.Z. Refrlg. (£1 Pf id L b. £1 3s 8d: N.Z. Refrlg, (10s paid), b. 10s 8d: North Cant. Freezing (pref.), s. £1 3s 6d; Wellington, b. 8s 9a. Woollens.—felt-and Textiles, b, £2 3s 3d; Kaiapol (7s paid), b. 7s 10d, 5. 8s 2d: Mosglel, b. £11;' Oamaru, b. £1 4s go: Timaru, b, 19s Bd. , . Coal—Kaltangata, b. £1 3* 3d; Westport. b. £1 4s Ud, s. £1 5s 3d: WestportStocktpn. s. 3s 6d; Westport-Stockton (pref.), s. 8s 3d. , , . . Gas.—Auckland, b. 6s JOri; Christchurch, b. £1 4s 6d. S. £1 5s 3d; Christchurch (10s paid), b. 12s. s. 12s 6d. Breweries.—Balllns (15g paid), b. 14s 7d: Dominion, b. £1 14s: New Zealand, s. £1 17s fld; Tooheys. s. £1 15s. Miscellaneous,—Andersons (Ist pref.), b. 19s; Aust. Foundation Investment, b. 4s 6d, s. 4s lOd; Australian Consolidated Industries, b, £2 10s, s, £2 10s 9d; Aust Iron and Steel (pref., cum dlv.), s. £1 Us; Beath and Co., b. £1 4s 3d, s- £1 5s 6d; Beath and Co. (pref.), b. £1 3s 6d; Booth, Macdonald (pref.). b. 7s 10d; British Tobacco, b. £2 7s; Broken Hill Pty., b. £2 2s, s. £2 2s 3d; Claude Neon (N.Z.), b. £1 4s 6d; Colonial Sugar, b. £54; Canterbury Roller Flour, b. 12g ?d: D.I.C, (pref.). b. £1 5s fid; Electro. Zinc (ord.), b. £2 13s fid; Dunlop Rubber, s. £1 2s; G. J. Coles, *. £2 16s 8d: General Industries (ex div.), b. IBs; Greater Crystal, b. 13s; Hay’s, Ltd., b. £1 11s 3d: Hay’s, Ltd. (con.), b. £1 8s fid; Kauri Timber, b. £1 4s fid; Mark Foy, s. £1 7s: m,K. Manufacturers, b. 8s Bd: Macduffs. b. 9s 2d, a. 9s 8d; Mpoduffs (pref.), b. £1 Is fid; McKengies. Ltd., hj. £? 4s; New Zealand Drug Co,, b, £4 6s fid: New Zealand Drug Co. (£1 paid), b. £2 9s; N.Z. Farmers’ Co-op. (£2 10s paid). b--12s 8d: N.Z. Farmers’ Co-op. (Ist pref.). b. £4 ss; NZ Farmers’ Co-op. (41 per cent. Stock. 1950), b. £95 10s; N.Z. Farmers’ Co-op (41 per cent. Stock, 1955), b. £95 15s; Peters Ice (N.Z.). b. 18s fid; N.Z. Forest Products, b. 3s lid; N.Z. Newspapers, b. £1 16s; N.Z. Paper Mills, b. £1 16s; Tingey, R. and E. (pref.), b. £1 7s: Taranaki Oilfields, s. 3s fid: Urlwins (pref.), b. £1 2s fid; Weeks. Ltd., b. £10; Whltcombe and Tombs, b. £4 10s: Woolworths (Sydney) (ord.), b. 15s lid, s 16s 2d; Woolworths (N.Z.), b. 15s 2d, s. 15s 9d; Woolworths (N.Z.) (pref.). b. £1 19s, s. £2 2s; W. R. Carpenter, b, £1 10s: Woolworths (West Aust.), b. £2 IBs.

Overseas Listings.—Woolworths (S.A.), b. £1 3s 3d. Australian Mining.—Bulolo, b. £2 8s: Mount Lyell. s. £J 9s: North Broken Hill, b, £3 7s, t. £3 Jlf. N.Z. b. £1 6?, (. £1 7s; Arahura (deferred), b. £1; Blackw?t*r, b 16s; Grey River, b 13? M: Slab Hut. b. Ss; Snowy RJvtr, b. 7?, ?. 7* Id; Walhi Investment?, b, 4? 4(J. Unofflclal LJit.—Cgrbonie lee, b. £1 IDs; Reece. Ltd., E. (pref-), b, 8s W: Tingey, R. and E., b. £1 Is; Whakatane Paper, b. 6s 9d, s. 7s 9d; Whakatane Paper (pref.), b. I6s, AUCKLAND

Bale?.’-Lib?fty Lo?n, 2J p.c., 15/9/47, *97 X§s; d<?., 3 p.c.. 15/8/63, 7s W. Bank of N.?„ <0? 8d: If.?, iniurance, 78s ?d; - Bovtb British («t dIY). «?} 94: Standard Innrranc?, 7Q? «4: N?wto» Kib? (pref.), Its; Auckland Gas (gem,), 3? 10id: Carlton Breweries. BBs 8d; Dom. Breweries. 34s 3d: Broken Hill Pty., 425; Farmers’ Trading, 21s lid (2); K.D.V. Boxes, Us; Sanford (pref.), 19s 3d: 1.C.1. (pref.). 255; Wairakei, ss; Martha. 10s 3d;

Waihi, 4s 6d, Unofficial list: Whakatane Paper Mills, 7s 6d, WELLINGTON Sales. —Sank of N.Z., 40s 8d: Metiers (N.Z.), 16s 3d; Woolworths (Sydney), J6s, Unlisted Stock,—Whakatane Paper Mills (ord,), 7s 6d. PUNEDIN Sales Reported.—Late Thursday: National Bank of N.E., 51s. Yesterday: Bank of N.Z., 40s 8d; N.Z. Refrlg. (paid), 24s 3d: Woolworths (Syd.), 18s; Macduffs (ord.), Os 3d, GRAIN AND PRODUCE MARKETS

The embargo on shipment of potatoes to the North Island - till the middle or end of this month has resulted in restricted business in this commodity. Growers have a limited local market, apart from the camps, because of the number of people with sufficient grown to carry them on for some time yet. There is nothing further to report In the white oats position. The market for Algerian® is slightly firmer, and not many lines of good quality are offering. The market for most classes of grass and clover seed is quiet, with little demand from overseas. There is a slightly better demand for white clover, and red clover is now starting to be offered on the local market,

Quotations are nominal for most classes of produce.

Maori Gold.—The return for the week ended April 9, 1943, was 520z 4dwt in 124 hours from 14.000 yards.