COMMERCIAL

Press, Volume LXXIX, Issue 24052, 14 September 1943, Page 6

COMMERCIAL

STOCK EXCHANGES GOOD INQUIRY REPORTED Markets opened firm on the Christchurch Stock Exchange yesterday, with good inquiry in most sections. There was a moderate turnover in a few stocks. Transactions included; — Sales on 'Change.—Listed Stocks. 5 Bank of New South Wales. £34; 34 Canterbury Frozen Meat, £l4 17s 6d; 55 Whltoombe and Tombs, £5 10s. Sales Reported.—listed Stocks: 100 N.Z. Refrig. (£1 paid), 25s 9d; 600 N.Z. Refrig. (10s paid). 12s 6d; 400 Broken Hill Proprietary, 45s 3d, 45s 6d. Quotations N.Z. Govt. Debentures: 31 p.c. Ins.* 195760, b, £lOl ss; 4 p.c. Bonds, 1943-46, b, £IOO 15s; 4 p.c. Bonds, 1946-49, b. £lO3 10s; 4 p.c. Bonds. 1952-55, b. £lO6. Ranks: National of N.Z., b. £2 9s; New South Wales, b. £33 15s; New Zealand, 2s, s. £2 2s 4d. Insurance: South British, b. £3 13s, s. £3 14s 3d; Standard, b. £3 14s 3d, s. £3 15s 6d. Loan and Agency: Invincible Building, b. £4 16s; N;Z. Loan and Mercantile (ord. stock), b. £4O, s. £4B. Shipping: Huddart Parker, b. £2 16s. Frozen Meat: Canterbury, b. £l4 10s; N.Z. Refrig. (£1 paid), b. £1 5s 7d; N.Z. Refrig. (10s paid), b. 12s 3d, s. 12s 6d. Woollens: Bruce, b. £1 9s 7d; Bruce (pref.),.b. £1 6s 6d, s. £l,7s 6d; Mosgiel, b. £l2; Oamaru, b. £1 4s 9d; Wellington, b. £8 12s 6d. Coal: Westport-Stockton (pref.), s. 6s 6d. Gas: Christchurch, b. £1 4s 3d. s. £1 5s 3d. Breweries: Dominion, b £1 17s 6d. s. £1 18s 3d; Dunedin, b. £1 Is 6d; Tooheys, b. £1 11s, s. £1 13s; Tooths, b. £2 15s. Miscellaneous: Ander?. sons (pref.),.b. £1; Aust. Con. Industries, b. £2 15s 6d, s. £2 17s; Beathiand.Company (cum dlv.), b. £1 ss; Beath and Company (pref., cum div.), b. £1 4s 6d; Carrier Air Conditioning, s. £1 Is; Dunlop Rubber, s. £1 4s; Electro. Zinc, s. £2 17s fid; G. J. Coles, b.' £3 0s 9d, s. £3 2s; Gordon and Gotch, b. £2 12s; Henry Jones Co-op., s, £2 14s; New Zealand Farmers’ Co-op. (Ist pref., cum dlv.). s. £5 ss; N.Z. Farmers’ Co-op. (“A” pref., cum dlv.), s. £3 2s: N.Z. Farmers’ Co-op. (“B” pref., cum div.), b. £2 10s: N.Z. Forest Products, b. 6s 9d; N.Z. Forest Products (pref.), b. 11s; Taranaki Oilfields, b. 3s 4d, s. 3s 9d; United Provisions, s. 13s Od; Wilson's Cement, s. 19s. Australian Mining: Loloma, s. £1 3s fid; Mount Lyell, s. £1 10s 6d: Placer Development, b. £3 3s. N.Z. Mining: Arahura deferred, b. £1 2s; Grey River, b. 13s, s. 14s. AUCKLAND " Sales.—Second Liberty Loan, 15/5/53-55, 3 p.c., £9B 7s fid; Third Liberty. Loan, 15/12/53-55. 3 p.c., £9B (2); Third Liberty Loan, 15/6/47-49, 2J p.c., £97; Waitomo

County, 1/8/56, 41 p.c., £IOB Ifiapm of N.Z.. 42s 2d; E„ S., and A. Bau|p lot). 795; Dominion Breweries»?fe* (2) A.C.1., 565; N.Z. Refrig.,, B|m British Tobacco, 47s 6d; Broken. HBfcjßj, 45s 3d; Woolworths (Sydney), 18s; Jaw Products, 7s 6d; Tattersfield. 37s 9£o--WELLINGTON .sfc Sales.—Late Friday: laser. Stocksfit 55, 3 p.c., £99; Inscr. Stock, May/MW, 3 p.c., £9B 7s 6d; (2); E., S., and 79s 6d; Waihi. 4s 7id. Yesterday;|to. naki Oil, 3s 6d.

DUNEDIN ; ':t. Sale Reported.—Taranaki Oil, Ss.'N/

COMPANY NEWS ,

Farmers' Co-operative Insnran6e|ii» . elation of N.Z., Ltd.,—The 52ndg»W ‘ report and balance-sheet of tbevpQß|n; « for the year ended June ; 30,’ lOCaftfrltl that the net premium revenue reffllgOj to £72,258 3s, and interest and;M|HM ceived and accrued, less. thereon, amounted to £3451 of £78,709 5s 3d. After vision for losses outstanding. and'|j^|«y|/ : tlon there was a surplus in tMOTgB’Is writing account of £14£00; wpMgJN interest and rents received MdlJmm less rates, and taxes thereon.Urtcuntt®# £3451 2s 3d, a total of £lß’l9l This had been dealt with in ing manner:—depreciation ’on-wißWjg | £123 15s, transfer to reserve fund, | transfer to investment fluctuations* | count, £2OOO, a total ofj ing available £11,J28 3s 5cL putbCJa f an interim dividend at Die rate cent, per annum for the half-year.4 o ? preference shares had -been.paid 3 ary, 1943, £1745 4s 4d. and,% <urectiil « now recommended the payment of a f® s ther dividend at the rate.of ; 7 per cert per annum on prefereMe_Mares, for a 3 half-year ended June 30,. 1943,'ahdYs* ■, a share for the year snara | which would absorb £450619s * £4575 19s 9d, to which was adw?,tte , balance from June. ijMrtefs paid September, 1942, £34,404 89 , ing to be carried to the ,new;fWouni , £38,980 8s sd. _ „ •- ' United BnUdlng.—The United BUBTO 1 Society of Christchurch (Perjnajtow BJJ , declared an Interim dividend' of S-B? : cent. (6d a share), payable on October.!.(PA.) Cox Bros.—Cox Bros. (Aust.). LtdjJjJ '■ declared a final dividend of.Si.POf 3W, . (making 7 per cent, for the yearj m A and “B” preference shares for TO I# months ended July 31. A final diVjTO of 3J per cent, (making 7| per cenfc’w the year) has also been declared oa.owjf ary shares for the same period. H«, fflw dends are payable on September ,«•“ (P.A.) RESERVE BANK RETURN (PA.) WELLINGTON,. SeptU The Reserve Bank return forTOrW ended September 6, with thefiguff*” the previous week in parenthesis* . Liabilities.— General reserve --toj. £1,500,000 (same); bank notes. £p.®« (£33,340,083); demand liabilities. JWg £15,793,507 ' (£15.578.703); £25,552.120 (£27,888,604): other. £L»W" (£756.365); liabilities In currendes.lWg than New Zealand, £14,925 liabilities, £1,572,158 (£1.563.686)., -T# £ (N.Z.>79,223,948 (£80,651.060). Assets.—Gold, £2.801.878 (same);-.*”; ling exchange in New Zealand, cortffg £25,622.759 (£26,987,744): SUbsldlgTCW. £41,063 (£43,866); advances: to y*“BE keting Department, £4,286,359 for other purposes, £33,735,000y1**JJ2r •investments. £10,319,648 assets, £2,417£42 (£2,663.273). £(N.Z.)79£23,948 (£80.651,060). Proportion of reserve to notes 8M.255 demand liabilities, 37.314 per cent. (W per cent.). STOCK SALES PLEASANT POINT “The Press” Special Service.,. TXMARU, September^. The entry of fat cattle at ant Point sale was the largest considerable time. A considerable of the yarding comprised cattle medium quality, and only a veryyjj really prime were offered. Theoog‘s was keen throughout, and late were maintained. Extra prune made £2O to £25 7s 6d: medium to HJg? £l3 to £l9 2s 6d; extra prime £l6 to £lB 12s 6d; medium to. pngj £ll 7s 6d .0 £l4 2s 6d: medium to P rw cows, £ll 2s 6d to £ls 17s, 6d. The fat sheep yarding was wdl-be*2 normal requirements, and the tiuamy * below average. Values a head on late rates. Prime wetn made 40s to 46s 7d; light to roedlWftj* 7d to 37s 4d; prime ewes, 40s light to medium, 31s 4d to 36s store sheep section a line of 150 HWgJ ewe hoggets which were outstanding*. Used 37s 7d. A pen of medium sore vg” 32s Id and f.m. ewes in lamb made A** MINING Associated Gold Dredges (N.Z.), \ For the week ended September company’s dredges recovered from 86,920 yards in 373J dredging nou* ‘ Slab Hut.—The return for the ended September 11. 1943, was 80oz 15,576 yards in 114 hours. Gillespie’s Beach.—The Gillespie return for the week ended Saturday 270z 18dwt from 14,746 yards in 130 —(PA.)