COMMERCIAL

Press, Volume LXXIX, Issue 24095, 3 November 1943, Page 4

COMMERCIAL

STOCK EXCHANGE MARKETS CONTINUE FIRM .’here was a moderate turnover on the rlstchurch Stock Exchange yesterday, th the bulk of the dealings in indusals. Markets continued firm and there is an upward tendency In many stocks. Business included:— Sales on 'Change—Listed stocks: 45 itish Tobacco, 47s 9d. Sales Reported—Listed stocks: £SOO 3 r cent. Government Stock, 1952-55, £9B; 0 Westport Coal, 25s 9d; 200 New Zeand Breweries, 38s 6d. Sales on 'Change—Unlisted stocks: 100 etcher Holdings (new, ord.), 25s 3d. Quotations N.Z. Govt, Debentures: 3 per cent, ends, 1953-56, b. £9B 10s; 3i p.c. Ins., >33-57, b. £lO2 17s 6d. Banks: Comm. £ Sydney, b. £2O 10s; National of Australia (£lO paid) (cum div.), b. £l2 2s 6d, . £l2 15s; National of Australasia (£5 •aid (cum div.), b. £5 14s 6d. Insurance: National, b. £1 4s Id; New Zealand, b. £4 5s 3d, s. £4 6s 6d; Standard, b. £3 5s 9d. Loan and Agency: National Mortgage “A”, b. £3, s. £3 3s; National vlorftgage "B”, b. £1 14s 6d; N.Z. Loan and Mercantile (ord. stock), b. £45 10s, s. £4B: Perm.' Investment, b. £lO 15s; United Building, b. £1 2s, s. £1 2s 9d, Frozen Meat: N.Z. Refrig. (£1 paid), s. £1 7s 6d. Woollens: Felt and Textiles, b. £2 9s; Kaiapoi (7s paid), b. 8s 10d; Oamaru, b. £1 6s 6d; Timaru, b. £1 0s 6d; Coal: Westport, b. £1 5s 9d; WestportStockton, b. 2s 8d; Westport-Stockton (pref.), b. 6s, s. 6s 3d. Gas: Christchurch, b. £1 ss, s. £1 5s 3d. Breweries: Bal11ns (15s paid), b. 16s; Dunedin, b. £1 2s; New Zealand, b. .£1 18s 3d; Tooths, b. £2 15s 9d, s. £2 16s 6d. Miscellaneous; Amalg. Wireless (ex div.), s. £2 19s; Beath and Co., s. £1 8s; Booth, Macdonald (pref.), b. 8s Bd. s. 8s 9d; Broken Hill Pty. (ex div.), b. £2 4s 3d; Claude Neon (N.Z.), b. £1 6s; Dominion Fertiliser, b £1 4s 9d, s. £1 6s; Dominion Builders, b. 5s 6d, s. 10s; Donaghy’s Rope (ex div.), b. £3 Is; Electro. Zinc (pref.), s. £2 18s; General Industries, b. £1 2s 6d; Hadfields, s. 13s; Leyland O’Brien, b. £1 Is; Mason, Struthers (£1 paid), b. 16s lOd, s 19s; Metiers (N.Z.), b. 18s, s. £1; Mcduffs. s. 13s lid; McKenzies, b. £2 7s 6d, s. £2 9s; New Zealand Forest Products, b. 7s 9d, s. 8s 3d; Otago Daily Times, b. £2 6s 9d; Quill. Morris (1936), b. £1 ss, s £1 6s; Reid N.Z. Rubber, b. £1 9s; Woolworths (ord.), b. 18s 2d. Oversea Listing: Woolworths (S. Africa), b. £1 8s 6d. Aust. Mining: Loloma, s. £1 4s; Mount Lyell. b. £1 10s; Mount Morgan, b 8s 6d. N.Z. Mining: Arahura, b. £1 9s; Assoc. Gold Dredges (N.Z.), s. 9s 4d: Gillespie’s Beach, b. 3Jd; Grey River, b. 13s 6d. s. 14s 3d; Kanierl, b. £1 Is; Kanleri (deferred), b. 12s 6d; Ngahere. b. 9s 6d; Ngahere (deferred), s. 10s; Slab Hut, s. 6s; Snowy River, b. 7s 9d. s. 8s 3d; Waihi Investments, b. 4s 7d. AUCKLAND Sales. —Third Liberty Loan, 15/12/53-56, 3 p.c., £9B 10s; Com. Bank, 17s; Farmers Auctioneering (B pref.), 245; United Building, 22s 6d; Auckland Gas (odd lot), 7s; Bycroft, 51s 3d (3); G. J. Coles, 59s 9d; Woolworths Holdings, 29s 6d. Unofficial list: Fletcher Holdings (new issue). 25s 3d. WELLINGTON Sales.—(Late Monday) Bank of New Zealand (cum. div.), 425. Sales yesterday: Insc. Stock, 1952-53. 3 p.c., £9B; Liberty Bonds, 15/9/49, 19s 3d; Bycrofts (cum div.), 51s 3d; Woolworths (N.Z.). 16s lid; Manurewa Boro. Council, ZVt p.c., 1/9/54, £lO6 16s 3d. Unofficial list: Australian Motorists Petrol. 16s 6d. DUNEDIN Sales.—Macduffs (ord.), 13s Bd. Sales Reported.—Nat. Bank of New Zealand. 52s (2); Southland Frozen Meat (ord.). 425; Westport Coal, 25s 9d; Consolidated Brick, lls. • MINING ALEXANDER MINES The mine report for October of Alexander Mines, Ltd., states that the winze chamber in the north end of the No. 6 Level, N.E. drive, was completed and sinking carried out to a total depth of 16 feet. The first five feet were in stone over a width of two feet, after which the reef faulted east. To date the reef has not been relocated A cross-cut has been driven five feet east to bottom of winze, through a hard silica rock stratum, which appears to have displaced reef. At the No. 5 inter crosscut from No. 1 rise the No. 1 rise has been opened up and a crosscut started east at a point 30 feet below No. 5 Intermediate. Four feet have been completed to date. Available stone at the slope off No 6 level north has been cleared up and transported to battery, along with all available ore in mine bins. Approximate tonnage 50. There was no clean-up at the battery for the above period Austral New Zealand Mining, Ltd.—For the 28 days ended at midnight on October 30 the dredge of Austral New Zealand Mining, Ltd., operated for 470 hours, on 270,000 yards, producing 419 ounces of refined bullion. STOCK SALES RANGIORA There were good yardings in the sheep and cattle entries at the weekly stock market at Rangiora yesterday Values were : Sheep.—Ewes and lambs, 12s 6d to 14s 9d; fat ewes, 295. Cattle.—Dairy cows and heifers, £5 to £9: bulls, £4 to £lO 10s; store cows. £1 to £3 10s; calves, £2 15s to £5 ss. Pigs.—Weaners, 22s to 28s. TEMUKA “ The Press ' Special Service. TEMUKA. November 2. The entry of fat cattle at the Temuka sale was the largest for some time. With the exception of a few pens, the quality was well below the usual standard. The best quality maintained late rates, but values for the lower quality cattle eased by 20s a head Extra prime steers made from £24 to £27 12s 6d; medium to prime, £l6 to £2l 12s 6d; prime cows. £l4 to £l6 17s 6d; light to medium. £8 2s 6d to £l2 2s 6d; prime heifers, £l6 ro £lB 7s 6d; light to medium £9 2s 6d to £l4 12s 6d. In the fat sheep section the quality was good and wethers were more plentiful than usual. Competition was exceptionally keen and prices were as high as ai any previous market this year. Prime woolly wethers made from 45s to 50s lOd: medium. 37s to 41s; extra prime shorn wethers, to 40s 10d; extra prime woolly ewes. 45s lOd to 47s 7d; prime, 36s to 435: light to medium, 30s 7d to 345; prime shorn ewes. 28s to 34s 4d; light to medium. 21s to 265. LORNEVILLE (P.A.) INVERCARGILL, November 2. Fat wethers showed an increase of 2s to 3s a head at the Lorneville sale today. Prices for ewes of all classes were much the same as the previous week. Prime heavy woolly ewes made up to 545; medium, 45s to 49s 6d; shorn medium quality. 32s to 35s 9d; prime young woolly ewes, 42s to 45s 3d: prime quality, 37s 6d. to 40s; medium, 33s 6d to 35s 6d; unfinished. 28s to 30s 6d; inferior, 20s to 255; good quality young shorn ewes, 27s to 29s 3d; medium. 23s 6d to 255. Competition was keen for good quality lambs of all classes best bringing from 35s to 40s. and lighter sorts from 28s to 52s Extra good quality cattle were from £l9 tc £22; good quality, £ls to £18: lighter. £l2 10s to £l4: prime heavy heifers, up to £18; good quality £l4 10s to £l6; lighter, from £lO 10s to £l2; small, down to £B. Extra prime cows made up to £2O; prime from £l6 to £18; medium, £l2 to £l4; light and unfinished. £8 to £9 10s. COMPANY NEWS Mosglel Woollen.—The directors of the Mosgiel Woollen Factory Company, Ltd., state in their annual report that sales were maintained at a satisfactory figure, resulting In a net profit of £13.850. After payment of an interim dividend of 4 per cent, (absorbing £3815), and after providing £52,000 for Government taxation,