COMMERCIAL

Press, Volume LXXIX, Issue 24112, 23 November 1943, Page 6

COMMERCIAL

STOCK EXCHANGE MARKETS QUIET Markets were Quiet on the Christchurch Stock Exchange yesterday, and the recorded dealings were restricted to a few stocks with the bulk of the turnover in Government 3 per cents. The following business was transacted: Sales on ’Change.—Listed Stocks: £ISOO 3 per cent. Government Stock, December, 1953-56, £99 (3). Sales Reported.—Listed Stocks: 200 Commercial Bank of Australia. 17s 6d; 100 Broken Hill Proprietary, 44s 6d; 100 Peters Ice (N.Z.I, 22s 3d. Latest Quotations

N.Z. Govt. Debentures.—2J per cent. Ins., 1947, b. £97 12s fid; 2i per cent. War Loan. 1953, b £94 2s id; 3 per cent. Ins., 1951-54, b. £9B 10s; 3 per cent. Ins., 1953-56, December, b. £99, s. £99 10s; 4 per cent. Ins., 1946-49, b. £lO2 10s; 4 p.c. Bonds, 1946-49, b. £lO2 10s. Banks; Adelaide, b. £5 12s 6d; Commercial of Australia, b. 17s sd; New Zealand, b. £2 Is 7d, s. £2 2s. Insurance: National, b. £1 4s Sd; New Zealand, b. £4 6s 3d. Loan and Agency: National Mortgage “A," s. £3 2s; National Mortgage “B,” s. £1 14s; N.Z. Guarantee Corporation, b. 3s 9d; Wright, Stephenson, b. £1 4s 6d. Shipping: Huddart Parker (pref.), b, £1 9s; Union (pref.), b. £1 10s- Frozen Meat: Canterbury, b. £l4 10s; South Otago, b. £5 15s; Waitaki (cum divi), b. £6 7s 6d, s. £7. Woollens: Felt and Textiles, b. £2 9s; Kaiapoi (pref.), b. £1 3s 9d. Coal: Kaitangata, s. £1 15s; , Westport, b. £1 5s 6d. Gas: Christchurch, b. £1 ss; Wellington (pref.), b. £1 4s. Breweries: Dunedin, b. £1 2s; New Zealand (cum div.), b. £1 18s 6d, s. £1 19s. Miscellaneous: Amalgamated Wireless, s. £3; Andersons (pref.), b. £1 0s 3d; Beath and Company, b. £1 6s 6d, s. £1 7s 6d; Beath and Company (Is paid), b. 2s; Broken Hill Pty., b. £2 4s 3d; Dominion Builders, b. 7s 6d; D.I.C. (10s paid), b. 18s 4d; Dunlop Rubber. b. £1 4s, s. £1 ss; Griffin and Sons, b. £1 6s; 1.C.1., Aust. and N.Z. (pref.). b. £1 6s; Mason, Struthers (£1 paid), b. 17s 6d; Mason, Struthers (10s paid), b. 6s; National Electric, b. £1 10s; N.Z. Drug Co., b. £4 10s 6d; N.Z. Farmers* Co-op. (Ist wref.), s. £5 ss; N.Z. Farmers’ Coop. ("A” pref.), b. £3 Is; Reid N.Z. Rubber, b. £1 9s 6d, s. £1 12s; Taranaki Oilfields. s. 3s 6d. Overseas Listings: Woolworths (South Africa), b. £1 11s, s. £1 12s 6d. Australian Mining: Mount Lyeil (ex div.), s. £1 10s 9d; Mount Morgan, b. 8s 4d, s. 9s. N.Z. Mining: Austral (N.Z.), b. 8s 6d;.Snowy River, b. 7s 9d, s 8s 3d. AUCKLAND Sales.—Second Liberty Loan, 15/5/53-56, 3 per cent., £97 15s (2); Third Liberty Loan, 15/12/53-56, 3 per cent., £99; Commercial Bank, 17s 6d; Colonial Sugar, £56 15s; Consolidated Brick, 10s lOd; M.K Manufacturers, 6s 9d (2); McKenzie. 495; Peters Ice, 225; Martha, 9s (2); Gillespie’s Beach 4d. Unofficial list; Silknit, 20s 6d; Whakatane Paper (pref.), 235. WELLINGTON Sales.—Late Friday: Ins. Stock 1/10/53, 2J per cent. £94 2s fid: Consolidated Brick, 10s lOd; McKenzies, 495, Yesterday: Ins. Stock, 1/10/53, 2J per cent., £94 2s fid; Ins. Stock, 15/12/53-56, 3 per cent., £99; McKenzie's, 495; Manurewa Borough, 3j per cent., 1/3/55. £IOO 10s. DUNEDIN Sale Reported.—National Bank of New Zealand, 535.

COMPANY NEWS

National Insurance.—Speaking at the seventieth annual meeting of the Na. tional Insurance Company yesterday, the chairman of directors (Mr G. R. Ritchie) said that premium income for the year was larger by £18,775 than that for the previous year. Losses generally were higher, but were not out of proportion to the Increase in premiums. Taxation was still mounting, and had now reached the stage where for every £1 distributed to shareholders by way of dividends, £2 was required to meet the demands of the Dominion and other governments. The chairman added that in consideration of the good work of the staff in face of wartime difficulties, the directors had again granted a bonus to all members of the company’s staff, both here and abroad, including those In the armed forces.— (P.S.S.)

MINING

Associated Gold Dredges Ltd.— For the week ended November 20, the company's dredges recovered 195 i ounces from 85,430 yards in 342 dredging hours. Slab Hut.—There was no wash-up last week. The dredge was engaged crossing Slab Hut creek.

RAILWAY RETURNS

DECREASE IN NUMBER OF PASSENGERS

A decrease of 20,263 passengers for the four weeks ended on November 13, and an increase in passenger revenue of £4B, compared with the corresponding period last year, is noted in the monthly returns of the Canterbury railway district. The decrease in the number of passengers is accounted for by the closing of military camps, and the revenue increase by the larger number of soldiers travelling on long-distance furlough. The only other decreases were in the figures for the carriage of livestock. There was a large increase in the number of road motor passengers, and in the tonnage of goods carried by rail. The revenue for all items showed an increase on last year’s figures, the figure for goods rising from £93,963 to £104,645. Returns for the month were.as follows, with the previous year’s figures in parenthesis’—passengers, 192,860 (213,123); season tickets. 14,970 (12.970); road motor passengers, 37,304 (28,621); road motor goods, 1256 tons (1090); cattle and calves, 6316 (6685); sheep and pigs, 20.651 (24.133); timber, 15,285 tons (12,759): other goods, 153,469 tons (138,330).

Details of the revenue for the two periods were;—passengers. £27,832 (£27.784); season tickets, £2736 (£2491); parcels and luggage. £3449 (£2817); goods. £104,645 (£93,963); road motor passengers, £4591 (£4014); road motor goods, £1622 (£1239); miscellaneous, £7312 (£5900); total, £152,187 (£138,208).