COMMERCIAL

Press, Volume LXXIX, Issue 23969, 9 June 1943, Page 4

COMMERCIAL

STOCK EXCHANGE QUIET DAY YESTERDAY There was a quiet day on the Christchurch Stock Exchange yesterday. The following business was transacted: Sales on ’Change.—Listed Stocks. 150 G. J. Coles, 51s 3d, 51s. Sales Reported.—Listed Stocks: £ISOO N.Z. Govt., 3 p.c. Stock, 1953-56, £9l 11s 6d; 100 G. J. Coles, 51s 3d. Quotations N.Z. Govt.—2J p.c. Stock, 1941, s. £9B ss; 3 p.c., 1951-54, s. £9B 15s; 3 p.c. Stock, 1952-55, s. £9B 10s; 3 p.c. Stock, 1953-56. b. £97 15s, s. £9B; 4 p.c. Stock, 1949, b. £lO2 15s; War Lean, 1/10/53, s. £94 15s. Banks.—Australasia, b. £9; Comm, of Aust. (pref.), b. £lO ss, s. £lO 12s 6d; Comm, of Sydney, b. £l9, s. £2O ss; N.S.W., b. £32 10s; Union of Australia, b. £7 12s 6d. Insurance.—National, b. 22s 4d; New Zealand, b. 19s 6d; South British, b. 69s 9d; Standard, b. 12s. Loan and Agency.—Dalgety and Company. b. £8 ss; Goldsbrough Mort (cum div.), b. 28s 6d; Wright, Stephenson, b. 24s 6d; Wright, Stephenson (pref.). b. 245. Shipping.—P. and O. Deferred Stock, b. 365.

Frozen Meat. —Canterbury, b. £l3 ss; Canterbury (pref.), b. £1 18s; N.Z. Refrig. (10s paid), b. 12s 3d. • Woollens.—Bonds Hosiery, b. 355; Felt and Textiles, b. 44s 9d; Manawatu, b. 365, s. 435; Wellington (pref.), b. £8 B*. Coal.—Westport, b. 24s 6d. Gas.—Christchurch, b. 25s Bd, s. 26s 3d. Breweries. —New Zealand, s. 37s 3d; Tooheys, b. 30s 9d, s, 335. Miscellaneous. —Alloy Steel (N.Z.), b. 38s; A.C.I. (ex div.). b. 50s 6d; Berlei (N.Z.), b. 68s; Donaghy Rope, b. 58s 6d; D.I.C. (pref.), b. 255; Dunlop Rubber, b. 21s 6d, s. 22s 6d; Evans Atlas Flour, b. 255, s. 28s; G. J. Coles, s. 575; General Motors-Holdens (pref.), b; 245; Gordon and Gotch, b. 48s; Hadfields, b. 11s, s. 20s; M.K. Manufacturers, b. 6s 9d, s., 7s Id; N.Z, Fanners (Ist pref.), b. 93s 6d; Otago Daily, b. 43s 6d. s. 46s 6d; Weeks, Ltd., b. £lO 10s; Woolworths (Syd., ord.), b. 15s lid; Woolworths (2nd pref.), b. 265; Woolworths (N.Z., cum div.), s. 15s 6d. Australian Mining.—Mount Morgan, b. 9s, s. 10s Bd. AUCKLAND Sales.—War Loan, 1/10/53, £94; Ins. Stock, 15/4/46-49, 4 per cent., £lO2 10s; South British. 70s 6d; Farmers’ Auctioneering, 945; River Plate, 11s; Guarantee Corporation, 3s 6d; Pukemiro, 18s; Dominion Breweries, 36s fid; Claude Neon, 255; Hill and Plummer. 30s; Macduffs. 10s; Selfridges (N.Z.), 8s 6d; Woolworths (N.Z.), 15s 4d. WELLINGTON Sales,—Late Friday; 3 p.c. Inscr. Stock, 15/5/53-56. £9B; 4 p.c. Inscr. Stock. 15/2/4346, £lOl 10s; Comm. Bank of Aust., 16s 6d; Bank of N.Z. (ord., ex div.), £2 Is 6d; Newton King (pref.), 17s; British Tobacco (cum div.), £2 Is fid; Macduffs (pref), £1 2s 6d. Yesterday: 4 p.c. Inscr. Stock, 31/5/54-58, £lO6 10s; Bank of N.Z. ("D” long term) (ex div.), £1 11s 3d. DUNEDIN Sales Reported.—lns. Stock, 3 p.c,, 195356, £97 11s fid; Westport-Stockton (ord.), 2s 8d; Dominion Fertiliser, 235: McLeod Brothers, £23 15s; Woolworths (N.Z.), 15s 4d. SYDNEY Business was quiet on the Sydney Stock Exchange yesterday. Sales: Arahura (def.), 19s fid; Tooths, 565; Electro. Zinc, 56s 6d; Meggitts, 31s 6d; Woolworths, 14s 7s; Anthony Hordern, 16s 3d; Associated News, 15s 6d; Bank of N.S.W., £27 10s; Rawang, 4s 4d; Australian Gas (A). £5 3s 6d. .

RESERVE BANK RETURN (P.A.) WELLINGTON. June 8. The Reserve Bank return for the week ended May 31, with the previous week’s figures in parenthesis Is:— Liabilities.—General Reserve Fund. £1,500,000 (same); bank notes, £31,811,909 (£31,819,353); demand liabilities: State, £15,674.041 (£14.088.219); banks. £32,809.623 (£33,110,240); other, £1,888,412 (£683,155); liabilities in currencies other than New Zealand, £15,858 (£15,622); other liabilities, £1,816,533 (£1,778,212); Total, £(N.Z.)85,516,176 (£83,034,831). Assets.—Gold. £2,801,878 (same); sterling exchange in New Zealand currency, £26,788,613 (£28.083,567); subsidiary coin, £63,694 (£67,057); advances: to the Marketing Department. £7,718.036 (£8,172,773); other purposes. £34.953,000 (£31,135,000); investments, £10.298,399 (£10,294.427); other assets, £2,892,557 (£2,480,128); total, £(N.Z.)85,516,178 (£83.034.831). Proportion of reserve to notes and other demand liabilities, 35.986 per cent. (38.713 per cent.). STOCK SALES RANGIORA No sheep were yarded at the weekly stock market at Ranglora yesteday. Values were:— Cattle. —Springers, £lO 10s. Pigs.—Baconers £3 14s to £4 15s 6d, porkers 47s 6d to £3 0s 6d. stores 22s to 255, weaners 9s to 14s. LORNEVILLE (P.A.) INVERCARGILL, June 8, Fat sheep values at the Lorneville sale to-day were much the same as last week. Extra good quality ewes made up to 24s Bd, good quality ewes 20s to 22s 6d, medium 17s 6d to 18s 6d, freezing 13s 6d to 16s. Good quality wethers. 30s to 32s 6d, medium 28s to 29s 3d. Competition for fat lambs was fairly keen, and values in many Instances were ahead Of export schedule rates. Better quality fat cattle were fully 20s a head dearer. Good quality medium-weight bullocks made from £ls to £l6 10s, handy-weights £l3 15s to £l4 10s, light-weights £ll 10s to £l2 10s. Prime quality medium-weight heifers realised from £ll 5s to £l2 10s, handy-weights £lO 5s to £ll. lightweights £9 to £9 15s. Prime quality cows made to £l2 10s, good quality £9 15s to £lO 10s, medium £8 to £8 15s, unfinished £6 to £7 ss. aged and inferior £4 10s to £5 15s. DUVAUCHELLE

There was an entry of about 250 head of cattle at Duvauchelle monthly cattle sale, the smallest entry for some months Fat cattle came forward in smaller numbers, only about 100 head being offered. The entry consisted chiefly of light steers and cows and heifers, and quality wa* varied, well finished sorts meeting a keen

demand. A few lines of rising three-year-old steers sold well in the store pens, the balance of the yarding being cows and heifers. The range of values was as follows; Fat steers, £l2 to £ls 10s; fat heifers, £9 10s to £l2 7s 6d; light sorts. £6 10s to £9 10s; fat cows, £9 to £l2 2s 6d; lighter sorts, £3 10s to £7; springers, £9 to £lO 10s; store cows and heifers, £1 5s to £4 6s; rising three-year-old steers, £6 10s to £lO 12s 6d.