COMMERCIAL

Press, Volume LXXIX, Issue 23945, 12 May 1943, Page 4

COMMERCIAL

STOCK EXCHANGES GOOD DEMAND CONTINUES AT CHRISTCHURCH There was again a good demand on the Christchurch Stock Exchange yesterday. when buyers advanced their limits to attract business. Apart from vestibule business, the following transactions were recorded - Sales on ’Change.—Listed Stocks: £4OO Ashburton Hospital Board, 3g per cent., 1/10/51, £lOl 15s; 500 N.Z. Refrigerating (£1 paid), 255; 500 N.Z. Refrigerating (10s paid), 11s lOd; 900 Slab Hut, 5s 9d (2). Sales Reported.—Listed Stocks: £4OO N.Z. Government 4 per cent. Stock, 195458. £IOB 7s 6d; 1000 N.Z. Guarantee Corporation. 3s 7d: 100 Gear Meat, 225; 100 Wcstport-Stockton Coal (prof.), 6s 9d; 200 Broken Hill Proprietary, 42s 3d (2); *>oo M. Manufacturers, 7s Id (2); 300 N.Z. Newspapers lex div.), 35s 4d (2); ICO Mount Morgan (ord.), 10s 7d. Latest Quotations N.Z. Government Debentures. —4 p.c. Stock. 1946-49, b. £lO2 ss, s. £IOB 10s; 4 p.c. Stock, 1949-52, b. £lO5 7s 6d; 4 p.c. Stock, 1952-55, b. £lO7 7s 6d; 4 p.c. Stock, 1954-38, b. £IOB 7s 6d. Debentures.—Booth, Macdonald, 5 p.c., 1/6/47, b. £9O. Banks.—Bank of N.Z. (cum div.), b. 41s 3d; National Bank, b. 51s 3d. Loan and Agency.—lnvincible Building, b. 90s, s. 100s. Frozen Meat.—Cant. Frozen Meat, b. 13s; N.Z. Refrig. (10s pd.), b. 11s 6d, s. 12s. Shipping.—Union Steam Ship (pref.), b. 30s, s. 31s. Woollens. —Bonds Hosiery, b. 325. Coal.—Kaitangata Coal, b. 345, s. 38s; Westport-Stockton (pref.), b. Gs, s. 7s. Gas.—Christchurch Gas, b. 25s 3d, 8. 26s 6d. Breweries. —Toohey's Breweries, b. 31s, s. 33s 9d. Miscellaneous. —Broken Hill Pty., b. 425, s. 42s 9d; Donaghy’s Rope, b. 58s; Cant. Roller Flour, b. 13s; Electro. Zinc (ord ), b. 53s 6d, s. 565: 1.C.1. A. and N.Z. (pref.), b, 24s lOd, s. 26s 6d; Macduffs (ord.), n. 9s 6d; Mason, Struthers (£1 paid), b. 13s, s. 15s; National Electric, b. 275; N.Z. Farmers’ Co-op. (Ist pref,), b. 90s. s. 955; N. Farmers’ Co-op. (A pref.), b. 545, s. 62s 6d; N.Z. Farmers’ Co-op. (B pref.), b. 44s 6d; Greater Crystal, b. 13s; Hadfields, Ltd., b. 10s; N.Z, Paper Mills, s. 36s 6d, s. 38s; Otago Daily Times, b. 43s 6d; Quill, Morris (1936), b. 22s 6d; Whitcombe and Tombs, Ltd., b. 92s 6d, s. llfls; Woolvvorths, s. 16s 2d: Woohvorths (W.A.), b. 575; W. R. Carpenter, b. 33s 3d; Woolworths (S.A.). b. 23s 6d. Australian Mining.—Bulolo, b. 50s; Mt. Morgan, b. 10s 3d. s. 10s 9d; Mt, Morgan (pref.), b. 21s; Mt. Lycll (ex div,), s. 295; North Broken Hill, b. 49s 3d. N.Z. Mining—Arahura, b. 26s 3d, s. 30s; Arahura (dcf.), b. 20s 3d; Grey River, b. 13s 7d. s. 14s; Slab Hut, b. 5s 6d, s. 5s 10d; Snowy River, b. 7s 3d. AUCKLAND Sales.—Liberty Loan, 15/9/52-55, 3 per cent., £9B 10s; N.Z. Govt, Debentures, 15/5/53-56, 3 per cent., £99 10s; Auckland Harbour Board, 9/7/60. 41 per cent., £111; Commercial Bank, 16s 6d; Bank of Australasia (odd lot), £9; New Zealand Insurance, 80s; South British Insurance, 69s 9d: Standard Insurance, 71s 3d; Loan and Mercantile, £35; United Building, 21s 3d; Auckland Gas (2), 7s 2d; Kaiapol, 21s 6d; Broken Hill Pty.. 42s 3d; Colonial Sugar, £55 10s; Farmers’ Trading, 22s 4d; McKenzie's Stores, 44s 6d; M.K, Manufacturers. 7s Id; Morts Dock, 22s 6d; British Tobacco, 47s 9d; Forest Products, 5s Id, 5s 3d; Woolworths (Syd.), 15s lid; Sanford, 5s 6d; Mount Morgan, 10s 7d. WELLINGTON Sales, —Late Monday: Ins. Stock, 15/9/57.60, £lOl 10s; N.Z. Guarantee Corpn.. 3s 6d; Auckland Gas, 7s 2d. Yesterday; Ins. Stock, 15/5/53-56, 3 p.c., £99 10s: Ins. Stock, 31/5/54-58, 4 p.c., £IOB 7s Gd; Gear Meat, 225; D.1.C., 17s 3d; David Jones, 355; Selfridges (Australasia), 21s 6d. DUNEDIN Sales Reported.—Late Monday; N.Z. Paper Mills, 37s 6d. Yesterday: Mackintosh, Caley Phoenix (20s paid, unlisted). 255; N.Z. Insurance, 80s (2): Ins. Stock. 4 p.c., 1949-52, £lO5 17s 6d; Ins. Stock. 1953-56, 3 p.c., £99 10s; Ins, Stock, 195255. 3 p.c., £9B 10s; D.I.C. (ord.), 17s 3d; N.Z. Refrig. (con.), 11s lOd. RESERVE BANK RETURN (P.A.) WELLINGTON, May 11. The Reserve Bank return for the week ended May 3, with the figures in the previous return in parenthesis, is:— Liabilities.—General reserve fund, £1,500,000 (£1,500,000); bank notes, £31,797,997 (£31,684,681); demand liabilities: State, £14,632.164 (£14,719,591); banks. £26,804,325 (£26,199,688); other, £299,695 (£889,469); liabilities in other currencies. £17,457 (£17,427); other liabilities, £1,697,955 (£2,247.390); total, £ (N.Z.>76,749,592' (£77,258,246). Assets.—Gold, £2,801,878 (£2,801,8781; sterling exchange (New Zealand currency). £21,836,821 (£22,172,448); subsidiary coin, £73,203 (£73,370); advances to the Marketing Department, £7,366,517 (£7,804,714); advances for other purposes, £31,135,000 (£31,135,000); investments, £10,294.563 (£10.294.563); other assets, £3,241,611 (£2,976,273); total, £ (N.Z.>76,749,592 (£77,258.246). Proportion of reserve to notes and other demand liabilities, 33.483 per cent. (33.958 per cent). AUCKLAND WOOL APPRAISAL (P.S.S.) AUCKLAND, May 11. The returns of the sixth Auckland wool appraisal show that 16,497 bales were appraised, and the average price was £lB 8s 9d a bale, or 12.37 d per lb. The total value was £304.150. This brings the season's total, with one more appraisal to be held, to £1,933.187, which compares with last season's record of £ 1,770,742. MINING Slab Hut.—The return for the week ended May 8 was 78oz from 17.500 yards in 113J hours.