COMMERCIAL

Press, Volume LXXIX, Issue 23944, 11 May 1943, Page 6

COMMERCIAL

STOCK EXCHANGES IMPROVED TURNOVER AT CHRISTCHURCH There was an improved turnover on the Christchurch Stock Exchange yesterday, and the volume of business transacted for the day was the best for some months. Apart from vestibule business, the following transactions were recorded: Sales on ’Change.—Listed Stocks: 50 Bank of New Zealand (cum div.l. 41s; 200 Gear Meat, 225; 100 N.Z. Refrigerating (10s paid!, 11s 8d; 314 Broken Hill Proprietary, 42s (3). „„„„„ Sales Reported.—Listed Stocks: £2OOO N.Z. Govt. Stock. 3 p.c.. 1953-56, £99 12s 6d; 300 Broken Hill Proprietary (late sale Friday). 425; 500 Broken Hill Proprietary. 42s (2); £450 N.Z. Farmers’ Co-op. (4J per cent. Stock. 31/1/50), £95 15s; 100 Wilson’s Cement, 18s 2d; 200 N.Z. Newspapers (ex div). 35s 4d. Broke* Hill Piop'-etary had the bulk of the business, but a parcel of £2OOO 3 per cent. 1953-56 N.Z. Government Stock was sold at £99 12s 6d. Last week’s closing quotation for Broken Hill Proprietary was 41s 6d buyers, 42s 6d sellers, but 300 shares were sold at 42s late on Friday and a further 814 shares changed hands yesterday, with buyers, unsatisfied at the close. Ballin’s Breweries firmed on buyers’ offers to 15s 3d, and all preference issues of New Zealand Farmers’ Cocp. advanced in price. Bank of New Zealands sold freely last week at 41s. cum div.; buyers advanced their bids to 41s 2d, but failed to attract business, sellers asking 41s 6d. Latest Quotations N.Z. Govt. Debentures.—3 per cent. 1/8/51-54 Stock, b. £99 12s 6d; 4 per cent., 1952-55, b, £lO7 7s 6d; 4 per cent., 1954-58, b. £IOB ss; 4 per cent. Bonds 1943-46, b. £lOl 2s 6d; War Loan, 1953, s. £94 15s. Other Debentures.—Booth Macdonald. 5 per cent., 1/6/47, b. £9O. Banks.—Australasia, b. £8 19s; Comm, of Australia (pref.), b. £10; E., S„ and A. (ex div.). s. 80s; Natl, of Australasia (£lO paid, cum div.), b. £ll 12s 6d; New Zealand (cum div.), b. 41s 2d, s. 41s 6d; Union of Australia, b. £7 13s.

Insurance.—New Zealand, s. 80s 6d; Standard, b. 71s 6d, Loan and Agency.—Goldsbrough, Mort, b. 27s 9d, s. 28s 3d; National Mortgage "A," b. 54s 6d, s. 58s: N.Z. Loan and Merc, (ord. stock), s. £3B; United- Building, b. 21s.

Shipping.—Huddart Parker, b. 49s 9d; Union (pref.), b. 30s. Meat.—Gear, b. 21s Bd, s. 22s 6d; N.Z. Refrigerating (£1 paid), b. 24s 6d: N.Z. Refrigerating (10s paid), b. 11s 6d, s. 12s. Woollens.—Bruce, b. 26s 3d; Felt and Textiles, b. 43s 6d. Coal.—Westporl-Stockton (ord.), b. 2s 6d, s. 3s; Stockton (pref,), b. 6s. s. 7s 6d. Gas.—Christchurch, b. 255.

Breweries.—Ballins (15s paid), b. 15s 3d; Dominion, b. 34s 4d; Swan (cum div.). b. 245; Tcoths, s. 575.

Miscellaneous.—Australian Consol. Industries, b. 51s 3d: Beath and Company, s. 24s lid; Booth Macdonald (ord.), b. 6d; Broken Hill Pty., b. 41s 9d, s. 42s 3d; Mason. Struthers (£1 paid), b. 13s; Mason, Struthers (14s paid), b. 6s 6d; N.Z. Farmers’ Co-op. (Ist pref.), b. 91s, s. 97s 6d; N.Z. Farmers’ Co-op. (A pref.), b. 545, s. 62s 6d; N.Z. Farmers' Co-op. (B pref.), b, 44s 6d; N.Z. Farmers’ Co-op. 41 per cent. Stock, 1949 b. £95 10s; N.Z. Farmers’ Co-op., 41 per cent. Stock, 1950, b.' £96; N.Z. Farmers’, 41 per cent. Stock, 1955, b. £96; N.Z. Newspapers (ex div.), s. 35s 6d; Wilson’s Cement, b. 18s Id; Aust, Mining: Buiolo, b. 50s; Mount Morgan, b. 10s 3d. N.Z. Mining; Arahura, b. 265, s. 30s; Slab Hut, b 5s 6d, s. 5s lOd. AUCKLAND Sales.—Liberty Loan, 15/5/48, 21 p.c.. £9B Iss (2); Auckland Harbour Board. 9/7/60, 41 p.c., £111; Commercial Banking. Sydney, £l9 10s; National Insurance, 2‘is 3d; Renown Collieries (pref.), 3s; Auckland Gas, 7s 2d (21; Australian Iron and Steel (pref.), 31s; Colonial Sugar, £55 s=; N.Z. Newspapers, 35s 4d (2); Forest Products, 4s lOd: N.Z. Paper Mills. 37s 61; Radio (1936), 15s 6d; Waihi. 4s 6d: Mt Morgan, 10s 6d. Unofficial List.—Auckland Meat, 32s WELLINGTON Sales.—Late on Friday; Stock, 31/5/54-53, 4 p.c., £IOB 7s 6d; Mason, Struthers (£1 paid), 13s 9d; Mason, Struthers (14s paid), 7s. Yesterday: Bank of Australasia, £3; Stock, 15/4/46-49, 4 p.c., £lO2 ss; N.Z. Forest Products. 4s lid. DUNEDIN Sales Reported.—Late on Friday: National Insurance, 225. Yesterday; Union Bank of Aust,, £7 13s 6d; N.Z. Insurance, 80s; Milburn Litne and Cement, 345; Mt. Morgan, 10s 6d; Westport, 24s 9d; Whakatane Paper (unlisted). 9s; National Bank of N.Z., 51s 6d; Auckland Gas, 7s 2d: Westport-Stockton (pref.), 6s 6d. MINING Associated Gold Dredges (N.Z.), Ltd.— For the week ending May 8, the company’s dredges recovered 216 ounces from 80,600 yards in 381 dredging hours. LAMB AND EWE SCHEDULE A telegraph message in Saturday morning’s issue stated that the South Island lamb and ewe meat schedule had been increased by one-eighth of a penny per lb, and the wether schedule by jd per In from May 5 The increase dated from May 10 (yesterday), not May 5, as stated in the original message.

STOCK SALES DUVAUCHELLE The yarding at the monthly cattle sale at Duvauchelle on Friday consisted of about 120 head of fat cattle and 300 head in the store pens On the whole the entry in the fat pens was of unfinished quality’, and only light-weight steers Values were well up to Addington market rales and the demand was good for quality beasts A large number of unfinished cows did not meet with such a keen demand The sale for store cattle was the slackest for some months, the prevailing dry conditions and shortage of autumn feed not encouraging any demand. Only a few lines nassed hands at auction The range of prices was as follows: - Fat steers £lO to £l3 ss. fat heifers £8 Iss to £lO 10s lighter sorts £9 17s 6d tn £8 2s fid. fat cows £5 12s fid to £8 15s. lighter sorts £3 12= fid to £5 10s. rising t*- ee-year-old heifers to £6 12s fid, rising three-year-old steers, to £6 10s, store cows £3 to £6, springers to £l4. '