COMMERCIAL

Press, Volume LXXX, Issue 24446, 21 December 1944, Page 6

COMMERCIAL

STOCK EXCHANGE There was good inquiry in most sections of the Christchurch share market yesterday and an Increased turnover in a wider range of stocks. Price movements were irregular. The following business was reported:— Sales on ’Change.—listed Stocks: £SOO NZ. Government 3 per cent. Stock. May, 1953-56. £97 12? 6d.(2); 100 Bank of New Zealand, 45s 6d; 100 Fletcher .Holdings (ord.), 25s 6d; 212 Wilcox Mofflin (rights). 4d (4); 200 blab Hut, 2s Bd. Sales Reported.—Listed Stocks: £470 3 per cent. Victory Loan, 1955-58, £97 10s: £2640 2J per cent. War Loan, 1953 (late sale Tuesday), £94 ss; £80 1 ° QRn N A?' Government 3 per cent. Stock, 1960-63, £96 12s 6d; 200 Fletcher Holdings (ord.), 25s 6d.

Quotations were as follows; N.Z. Govt. Debentures: Victory Loan, 3 per cent., 1955-58. s. £97 12s 6d: 2i per cent. Inscr., 1947-49. b. £96, s. £96 10s; 3 per cent. Inscr., May, 1953-58, b. £97 10s, s. £97 15s; 3 per cent. Inscr., 196063, b. £96 10s, s. £97; 31 per cent. Inscr.. 1956- b. £IOO 15s; 31 per cent., Inscr.. 1957- b. £IOO 15s. Other Debentures: Booth, Macdonald, 5 per cent. (1/6/47), s. £IOO 10s. Banks; Adelaide, b. £6 3s 6d, s. £6 7s; Australasia, s. £9 2s; New Zealand, b. £2 5s 4d, s. £2 5s 8d; Union, of Australia, s. £8 4s. Insurance: South British, b. £3 17s, s. £4. Loan and Agency: Goldsbrough Mort, b. £1 11s* 5d.s. £1 11s 10d; N.Z. Loan and Merc. (ord. stock), s. £72 10s: N.Z. Loan and Merc, (pref.), b. £lO3 10s, s. £lO5 ss. Shipping: Union (pref.), b. £1 11s 3d, s. £1 Us 9d. Frozen Meat: N.Z. Refrig. (£1 paid), b. £1 8s 9d; N.Z. Refrig. (10s paid), b. 13s 7d, s. 13s Bd. Woollens: Kalapoi (7s paid), b. 7s 9d. s. 8s Id; Kaiapol (pref.), b. £1 3s 3d, s. £1 4s. Coal: Westport, b. £1 7s 6d, s. £1 9s. Gas: Christchurch, b. £1 5s 6d, s. £1 6s 6d. Breweries: Balllns, b. 17s 3d, s. 18s 6d; New Zealand, s. £2 3s. Miscellaneous: Aust. Iron and Steel (pref.), b. £1 13s 9d; Beath and Co., b. £1 11s 9d; Beath and Co. (pref.), b. £1 7s; Beath and Co. (Is paid), b. 4s lOd, s. 6s; C.F.C.A. (ord.), b. £1 Is; C.F.C.A. (pref.), b. £2 7s, s. £2 10s; Dom. Rubber, b. 10s; G. J. Coles, b. £3 8s 6d, s. £3 9s 3d; Fletcher Holdings, b. £1 5s 3d, s. £1 5s 8d; Macduffs, b. 16s 3d: N.Z. Drug Co., b. £5 Is, s. £5 ss; New Colosseum, b. £1 19s 6d; N.Z. Forest Products, b. 6s, s. 7s; N.Z. ‘ Newspapers, b. £2 3s; Rotoiti Timber, b. 9s; Rotoiti Timber (pref.), b. 17s 9d; Taranaki Oilfields, b. 3d, s. Is 9d; Wilcox Mofflin (ex rights), b.. 11s 3d. s. 12s 3d; Wilcox Mofflin (rights), b. 4d, s. 6d; Woolworths (Syd., ord.), s. £1 Is 3d; Woolworths (N.Z.), b. £1 Is 4d. Aust. Mining: North Broken Hill, b, £2 12s. N.Z. Mining: Arahura, b. £1 12s 6d; Assoc; Gold Dredges, b. 4s lid, s. 6s; Slab Hut, b, 2s. s. 2s lOd. AUCKLAND Sales.—Fletcher Holdings (ord.), £1 5s 6d; Mount Morgan (ord.), 6s 7d; Stock, 15/6/47-49. 21 p.c., £96 ss; Stock. 15/4/4649, 4 p.c., £101; National Insurance, £1 4s 3d; Colonial Sugar, £56 10s; Third Liberty Loan, 15/12/53-56, 3 p.c., £97 10s; South British Insurance (2), £3 17s 6d; Second Liberty Loan, 15/5/53-58, 3 p.c., £97 15s; Stock, 15/4/60-63. 3 p.c., £9B 10s. WELLINGTON Sales.—Late Tuesday: 3 p.c. Stock, 15/12/53-56. £97 10s; N.Z, Breweries, 435. Yesterday: National Insurance (2), 24s 3d; Farmers’ Trading, 25s lid; 3 p.c. Stock, 15/12/53-58, £97 10s; 3 p.c. Stock, 15/2/5558, £97 15s; Tui Brewery, 365. DUNEDIN Sales Reported—National Savings Bonds, July, 1948, 19s 6d; Bank of New Zealand, 455; Union Steam Ship (pref.), 315,6 d (3); Fletcher Holdings (ord.), 25s 6d. STOCK SALES BURNSIDE (P.A.) DUNEDIN, Dec. 20. With the exception of the fat lamb entry at the Burnside sale to-day, supplies of fat cattle and sheep were decidedly less than those of last week. Two hundred and thirty fat cattle were offered. For the heavier cattle the inquiry did not compare with last week, and a drop of £1 a head was recorded. Lighter weights, however, were in better demand, and showed an improvement on last week' of £1 a head. Cows were 15S to £1 a head above last week's rates. Extra prime bullocks realised up to £2l 7s 6d, prime £lB 2s 6d to £l9 17s 6d, medium £ls 12s 6d to £l7 17 s 6d, light from £ls 7s 6d; prime heifers £ll 17s 6d to £l3 12s 6d, medium £9 7s 6d to £lO 12s 6d, light from £8 7s 6d; extra prime cows to £l4 7s 6d, prime £lO 2s 6d to £ll 17s 6d, medium £8 12s 6d to £9 12s 6d, light from £6 12s 6d. Eleven hundred fat sheep were offered, most of them being wethers. The market was firm at last week’s rate, and was fairly steady. Extra prime wethers made up to 365, prime 31s to 345, medium 27s to 295, light from 235; prime ewes 19s to 22s 9d, medium 16s 6d to 18s, light from 15s The lamb yarding totalled 1750, and was of good* quality. The sale was consistent throughout, with a better demand for light-weights. Extra prime lambs realised up to S6s 6d, prime 30s to 33s 6d, medium 27s to 28s 6d, light from 245. An average yarding of dealers was penned. One outstanding runner made £l2. Good sorts realised from £8 10s to £9 10s, prime vealers £5 10s to £6 12s 6d,» medium £4 2s 6d to £4 14s, small from £2 12s 6d. There was-a small display of baconers, made up mostly of light and medium sorts. The demand was barely equal to last week. Best baconers realised from £6 12s to £6 17s 6d, medium £5 to £5 14s, and light from £4 12s.^^^^

BARGE REFLOATED

♦ SALVAGE OF DERELICT VESSEL

(P.A.) DARGAVILLE, December 20. The United States Army oil barge, which recently drifted ashore on the North Auckland coast, was successfully refloated yesterday morning. The highlight of the refloating was a swim of half a mile through the surf by the chief executive officer of a naval vessel to make contact between his ship and the barge. During the launching of the barge, Sam Bell, a rigger, of Herne Bay, was struck on the head by a swinging winch handle. After receiving treatment at the Te Kopuru Hospital he was able to return to the scene of the launching. By 11 a.m. the barge vjas in tow. and, accompanied by a naval vessel, started on its trip to Auckland.