COMMERCIAL

Press, Volume LXXX, Issue 24368, 21 September 1944, Page 6

COMMERCIAL

STOCK EXCHANGES MODERATE BUSINESS There was a moderate volume of business on the Christchurch Stock Exchange yesterday, witli firm inquiry in most sections of the market. The following business was reported:— Sales oh ’Change: Listed Stocks.—loo National Insurance, 24s 2d; 50 South British Insurance, 70s; 200 G. J. Coles (3), 60s Reported: Listed Sto'cks.—so Broken Hill Proprietary (late sale Tues.). 44s 9d; 500 Consolidated Brick, 10s 3d; 156 Beath and Co. (ord.) (cum div.), 30s 3d; 200 Electrolytic Zinc (ord.), 565. LATEST QUOTATIONS N.Z. Govt. Debentures: 2J p.c. Insc., 1947-49, b. £96 10s, s. £97 10s; 3 p.c. Insc., 1960-83, s. £9B; 3i p.c. Insc., 1953-57, b. £lO2, s. £lO2 10s: 4 p.c. Insc., 1952-55, b. £lO5 10s, s. £lO5 15s. Banks: Adelaide, b. £5 18s. insurance: National, b. £1 4s 2d: New Zealand, b. £4 8s; South British, b. £3 17s 9d. Loan and Agency; Nat. Mort. “A,” b. £3 8s 6d; N.Z. and River Plate, b. 17s 9d; United Building (cum div.), b. £1 3s 9d. Shipping: Union (pref.), b. £1 11s 9d. Frozen Meat: Canterbury, b. £l4, s. £ls; do. (pref.). b. £8 2s 6d. s. £9 10s; N.Z. Refrig. (£1 pd.), b. £1 7s 3d, s. £1 7s 9d; North Cant. Freezing (pref.) b. £1 3s lOd, s. £1 4s lid. Woollens; Felt and Textiles, s. £2 17s 6d: Kaiapoi (17s pd.). s. £1 4s; do. (7s paid), b. 7s 6d, s. «s 6d; Wellington, s. £8 19s. Coal: Westport, b. £1 5s 9d; Westport-Stockton (pref.), b. 10s sd. s. 11s 9d. Gas: Christchurch, b. £1 5s 3d. s £1 6s 3d. Breweries: Ballins (15s pd.). b. 17s 3d. s. IBs; Queensland, b. £1 5s 6d, s. £1 12s. Miscellaneous: Alloy Steel, b. £2 10s 6d, s. £2 12s 6d; Anthony Hordern, b. 19s 9d, s. £1; Aust. Con. Industries, b. £2 18s; British Tobacco, b. £2 8s sd: Broken Hill Pty.. b £2 4s lid, s. £2 ss; Cant. Roller Flour, s. 17s 9d; Colonial Sugar, s. £57 10s; Electro. Zinc, b. £2 16s, s. £2 16s 6d; G. J. Coles, b. £3 9s; Griffin and Sons, b. £1 13s; Hays, Ltd., s. £2 6s; Hume Pipe Aust. (cum div.), b. 19s 9d; Kauri Timber, b. £1 6s 6d, s. £1 8s 9d; Metiers, N.Z., b. 18s; Macduffs, b. 15s 3d, s. 16s 6d; dp. (pref.), s. £1 6s 6d; N.Z. Drug Co., b. £4 16s; N.Z. Forest Products, b. 6s 6d, s. 6s 10d; N.Z. Paper Mills, b. £2 Is, s. £2 2s; Otago Daily Times, b. £2 8s Bd, s. £2 11s; Reid Rubber, b. £1 5s 6d, s. £1 7s; Woolworths (Syd., ord.) (ex div.), s. £1 Is; do. (N.Z.). b. £1 0s lOd, s. £1 Is 4d. Aust. Mining: Broken Hill South, s. £1 8s 6d. AUCKLAND Sales.—Bank of Australasia, £9 6s; Commercial Bank, 18s 3d; National Insurance. 24s Id; Broken Hill Pty. (odd lot). 44s 7d; Electrolytic Zinc (2), 565; Reid Rubber, 27s 6d, 27s 9d; Martha, 9s 3d; Amalgamated Brick, 1/3/54-59, I*lo3 15s; South British Insurance, 78s; Dominion Breweries, 43s 6d: Consolidated Brick, 10s 3d; Woolworths (Sydney, ex div.), 20s 8d; Ins. Stock, 15/9/47, 21 per cent., £9B; Ins. Stock, 15/12/53-56, 3 per cent., £9B; New Zealand Breweries, 425. WELLINGTON Sales.—New Zealand Breweries, 42s 3d; Ins. Stock, 15/12/53-56. ‘3 per cent., £9B; Ins. Stock, 15/5/53-56. 3 per cent., £9B ss; Ins. Stock, 1/10/53, 21 per cent, £95; Bank of New South Wales, £35; Electro. Zinc (ord.), 565; British Tobacco, 48s 6d. DUNEDIN Sales Reported.—Westport Coal (late Tuesday), 25s 6d; N.Z. Refrigerating ,'cont), 13s lOd; Ins. Stock, Dec., 1953-56. £9B; Mount Lyell, 31s, COMPANY NEWS 1.C.1. Dividend.—lmperial Chemical Industries, London, has declared an Interim dividend of 3 per cent, on ordinary stock (P •) Brunner Collieries.—Brunner Collieries, Ltd., advise that at a meeting of shareholders on September 15 it was resolved by special resolution that the company be wound up voluntarily. This is a members’ voluntary winding-up. Mr F. H. Bass was appointed liquidator.—(P.A.) South Otago Freezing.—The South Otago Freezing Company has declared a dividend of 5 per cent, for the year ended August 31, payable about November 3. (P.A.) RESERVE BANK RETURN (P,A.) WELLINGTON. Sept. 20. The Reserve Bank return for the week ended September 11, with the figures for the previous week in parenthesis, is: Liabilities. General reserve fund, £1,500,000 (same); bank notes £37,822,744 (£37,986,422); demand liabilities: State, £11,691,004 (£10,315,877); banks. £34,752,926 (£38,365,513); other, £1,309,053 (£1,974,018); liabilities in currencies other than New Zealand, £14,803 (£48,671); other liabilities, £1,963,753 (£1,959,144). Total. £(N.Z.)89,054,283 (£89,149,645). Assets.—Gold, £2,801,878 (same); sterling exchange Ifl New Zealand currency. £33,030,445 (£32,936,589); subsidiary coin, £42,045 (£42,379); advances: to the Marketing Department, £2,795,545 (£2,973,984); for other purposes, £35.885,000 (same); investments. £11.736,05,5 (same); other assets, £2,763,315 (£2,773,760). Total: £ (N.Z.>89,054,283 (£89,149,645). Proportion of reserve to notes and other demand liabilities, 41.855 per cent. (41.673 per cent.). MINING Austral N.Z. Mining.—Return for fortnight ended September 16: 241 hours, 300 ounces.