COMMERCIAL

Press, Volume LXXIX, Issue 23941, 7 May 1943, Page 6

COMMERCIAL

STOCK EXCHANGES KEEN BIDDING AT CHRISTCHURCH Although the volume of business was small on the Christchurch Stock Exchange yesterday, there was keen bidding and several stocks rose. Sales Reported.—Listed stocks: Id Colonial Sugar (late sale Wednesday), £55 15s (2) (cum div.); 200 Woolwortha (N.Z.), 15s 6d. LATEST QUOTATIONS 2J p.c. Stock, 1/8/46, b. £9B 7s 8d; 3 p.c. 15/7/45, b. £100; War Loan, 1953, b. £94 Ss, s. £94 15s; 41 p.c. Springs Ellesmere Deb., due 1/12/52, s. £110; Bank of Australasia, s. £9 10s; Comm, of Aust, b. 16s 3d, s. 16s sd; Bank of N.Z. (cum div.), b. 40s lOd; Standard Insurance, b. 71s 3d; Gear Meat, b. 21s 6d, s. 22s 6d; N.Z. Refrig. (£1 paid), b. 24s 6d; N.Z. Refrig. (10s paid), b. 11s 3d; Bonds Hosiery, b. 325; Bruce Woollen, b. 26s 6d; Mosgiell (ex div.), b. £ll 2s 6d; Westport Coal; b, 24s 9d; Westport Stockton, b. 2s 6d, s. 3s; Westport Stockton (pref.), b. ss, a. 7s 9d; Christchurch Gas, b. 255; Christ- 1 church Gas (cont.), b. 12s, s. 12s 4d; Ballias (15s paid), b. 15s; Swan Breweries, b. 245; Tooheys, s. 31s, s. 33s 9d; Alloy Steel (N.Z.) (ex div.), b. 365; Aust. C.I, b. 51s 3d; British Tobacco, s. 47s 9d; Broken Hill Pty., b. 41s 6d, s. 42s 3d; Colonial Sugar (ex div.), b. £54; D.I.C. (10s paid), b. 17s 4d; Electro. Zinc (ord.), b. 545, s, 565; G. J. Coles, s. 55s 3d; Mason, Struthers (£1 paid), s. 14s 6d; Mason, Struthers (14s paid), b. 6s, s. 8s; N.Z, Drugs, b. 88s 3d; N.Z. Drug (£1 jpald), b. 52s 9d; N.Z. Farmers (Ist pref),Jj. 88s; N.Z. Farmers (A pref.), b. 545, s. 90s; N.Z. Farmers- (B pref.), b. 44s 3d; QMU, Morris (1936), b. 22s 6d; Taranaki Oi»,«. 3s 9d; United Provisions, b. 12s; V*oolworths (N.Z.) (ord.), b. 15s 3d, s. lU»{ Lolomas, s. 24s 6d: Mount Morgans (or|W b. 10s 2d; Mount Morgans (pref.), b.,zigfr Arahuras, b. 265, s. 30s; Slab HutjjjfciWjr' 1 ' 4d, s. 5s lOd; Mikonui (3s 6d 3d: Mikonui (def.), b. Is; Reece. Hif.f (pref.), b. 5s 9d; Whakatane Papr 0. 7s 9d.

AUCKLAND Sales.—Stock. 15/5/46-52, 4 per cent, £lO5 15s; Bonds, 15/4/46-49, 4 per cent, £lO2 ss; Stock. 15/4/46-49, 4 per cent, £lO2 ss; Stock. 15/4/46-49. 4 per cent, cent., £99 10s; Bank of New Soutn Wales, £32 10s; Union Bank, £7Wj;Re* nowtt Collieries (pre£.) f 3s; Rotolu,* 58, Huddart, Parker, 50s 8d; Colonial Sugar (ex div.), £55 ss; Broken Hill Pty, 41* 7Jd; Farmers’ Trading (odd lot), 225.W, New Zealand Newspapers, 35s 4d: M«CW. Logan, 28s 6d; Sanford (odd lot), 5s 40, Wilson’s Cement, 18s. Wednesdays sal* of Liberty Loan. 15/9/47. 2J per cent, should have been at £96 2s Bd.

WELLINGTON Sales.—3 p.c. Stock, 1953-56, £99 12s M (2); 4 p.c.. 1946-49. £lO2 ss; 4 52. £lO5 15s; 4 p.c., 1954-58, £IOB National Bank of N.Z., 525; N.Z. toswr* ance. 80s (4); N.Z. Breweries, 375; Colon* ial Sugar. £55 15s; Claude Neon (NZJ, 26s (2): Henry Jones, 51s 9d; McK«JZtes, 44s 9d; Wilson’s Cement. 18s Id; Whakatane Paper Mills, (ord.), unlisted. 8s BO-

DUNEDIN , Sales Reported.—Kaiapoi Woollens (oro-l 225; N.Z. Insurance, 80s; Perpetual Ttus tees, 495; Woolworths (Syd.), 16s,

SYDNEY ' . The release of new selling limits for a group of approximately 90 shares saw a revival of activity on the Sydney Stock Exchange yesterday. Sales: Colonial Sugar, £sl ss; Australian Iron and (pref.), 30s; North Broken Hill, 60, British Tobacco (pref.), 355; Winchcombe Carson, 26s 6d: Assocr ated News, 15s 6d: Greater J. D. Wl'llam* 13s 9d; Bond’s Industries. 27s 3d, Megg*t“> 31s 6d.

MINING Alexander.—Alexander Mines turns for month of April were.—Battery department: 76 tons of ore crushed tor 320z 9dwt of meited gold. Cyanide d partment: 120 tons of sands treated w 19oz lOdwt of bullion. Total estimalW value; £4OO. In addition to the above, two tons of concentrates were recovered, valued at £6O. Mine report for April Development; No. 6 level north interne dlate winze in end of magazine cross-cut was sunk eight feet in disturbed ston . which widened out to two feet six mcne* in bottom. No. 6 level north-east drive, crosscut west: This cut stone at four feet, but was cut off by a fault over* head. Cross-cutting west to reach stone going underfoot from winze is now unoer way. and to date eight feet have been driven in very hard country. Reef guma underfoot at four feet shows free gold and is 4ft 6in wide at rail level. Slope cross-cut north of No. 2 rise: This was driven 30 feet and cut fault plane no. 5 intermediate level; This has bee cleaned up in preparation for sinKing winze on stone going underfoot. sto P‘, n ° has been confined to slope just unoer No. 5 level. Tonnage hauled from mine * for month: 70 tons. During the later part,! of the month labour was extremely for a variety of reasons. I ■ L ' Rimu Gold Dredge.—The return for the clean-up period, April 20 to May a, 1943, runs 123.950z from 62,500 yards in 2013 hours. April totals were 3600z from 165,512 yards in 521 hours Ngahere Dredge Profit.—Net profit oi Ngahere Gold Dredge, Ltd., for 1942 was £18,721, in addition to which £ISOO our of a total of £3BIO directors’ fees ten off was added. This made a total or £20,221 to the credit of the appropriation account during the year, the balance of which now stands at £39,131. Gold re covered In 1942 totalled 79810z, an in crease of 5840z compared with the previ ous year. Gross value was £81.453. ° which export duty and war tax absornea £11,767. The dredge dug just unoer 3,000,000 cubic yards at a cost of a.eso a yard. STOCK SALES HOLME STATION (PS.S.) TIMARU, May 0. Approximately 100 fat sheep and lam were yarded at the Holme Station - • Lambs again sold under good oomp tion. also ewes suitable for butcher, unfinished ewes met with an indine demand. The few pens of store s h® e P, nm at current rates. Prime lambs made 26s Id to 28s 7d light to medium, w to 25s lOd: prime ewes, 14s 10d jo lOd: medium, 11s 4d to 12s 10d: ewe lambs, to 23s lid; wether lambs, 17s Id.