COMMERCIAL

Press, Volume LXXXI, Issue 24632, 31 July 1945, Page 6

COMMERCIAL

STOCK EXCHANGES , There was a good volume of diversified bSS the change yesterday, with activity tn v»o eminent loans and selected at l V a d t ’f ratis' Markets generally were firm at late rates* The following transacations were recordedSaies on ‘Change.—Listed sto c ks= £2OO New Zealand Government 2J pe cent. Stock; 1948, £9B 12s 6d; £250 ■** per cent. War Loan. 1953. £9o 15s. £3OO 3 per cent. Victory Loan 1906-59, £BB 12s 6d; 100 Wopl Bonds, 1/2/49, 20s 6 d. 320 Bank of New .Zealand,. 49s 9d (2), |os, 150 Oamaru Woollens, 29s 6d, 300 Sa llns Breweries (15s paid), Ns 6d (2). 100 Beath and «o. (ord.). 34s 9d. ?00 Broken Hill Pty., 47s (2); 100 Grey River. 8s 6d. Sales Reported.—listed stocks. £SOO New Zealand Government 3 £ per cent Stock, 1952-55, £99 2s 6d; £3oo New Zealand Government 3 per cent. Stock, May, 1953-56, £9B 15s; .£so° New Zealand Government 3 Per c ent. Stock, De cember. 1953-56, '£9B 15s; . £2OO 3 per cent. Victory Loan, 1955-58, £99 ss; £ooo Wool Bonds. 1/2/49, 20s 6d; 50 Bank of New Zealand, 50s; 50 South British Insurance. 90s; 50 Canterbury Frozen Meat (pref.) date sale Friday). £8 10s, 100 Ball ins Breweries (15 s paid). ” s New Zealand Breweries, 48s M, 100 Mor ris, Hedstrom, 495; 400 Macdufls. Ltd. (pref.) (late sale Friday). 275; 50 W. R. Carpenter, 44s 6d; 100 Kanien (ex div.). 23s 9d. ' Latest Quotations N.Z. Govt Debentures.—2i per cent. War Loan. 1953. b. £95 15s; 3 per cent. Victory Loan. 1956-59, b. £9B 7s 6d. s. £98.12s 6d; 3 per cent. Ins., 1951-54, D. £99 10s; 3 per cent. Ins., 1952-55, p* Wool Bonds/1/2/48, b. £1 Is; Wool Bonds (1/2/49), b. £1 0s sd, s. £1 0s 9d. Comm, of Aust. (cum div.), b. 18s 6d. s. 18s 10d; Natl, of N.Z., s. £2 17s 6d, New Zealand, b. £2 10s, s, £2 10s 3d. Insurance: National, s. £1 7s 6d, South British. Jd. £4 9s 6d. s. £4 11s; Standard, b. £4 5s 3d. Loan and Agency: Golds brough, Mort, b. £1 Us Jd. shl PPj?® : P. and O. Defd. Stock, s. £2 18s: Union (pref.), b. £1 12s. Frozen Meat: N.£ Refrlg. (£1 paid), b. £1 10s 3d; N.Z. Refrlg. (10s paid), b. l 4s s - Woollens: Manawatu, b. £2 6s 6d, Wellington. b. j£B 17s 6d, s. £9 ss. Coal: Westport, b. £1 7s 3d, s. £1 7s Bd. Gas. Christchurch, b. £1 6s 6d; Christchurch (10s paid), b. 13s. Breweries; Ballins. b. 17s 6d, s. 17s 9d; New Zealand, b. £2 6s 4d. Miscellaneous: Anthony Hordern. b. £1 Is, s. £1 Is 9d; Heath and Co., b. £1 14s 6d, s. £1 15s; Broomfields, b. 19s 9d; Colonial Sugar, b. £6O 10s; Crystal Ice, b. £2 13s 6d; Fletcher Holdings, s. £1 12s; General Industries, b. £1 6s 6d; Kauri Timber, b. £1 10s; K.D.V. Boxes, b. 10s 6d, s. 13s; Morris, Hedstrom, b. £2 Bs, s. £2 9s 6d: Macdufls, b. 15s Bd, s. 16s 4d; Macduffs (pref.). b. £1 6s 9d. s. £1 7s; Natl. Electric. b. £1 13s 6d; Reid N.Z. Rubber, b. £1 11a 9d, s. £1 13s; Silknlt, b. £1 ss; United Provisions, ‘ b. 17s *6d; . Wilson s Cement, hj. 19s 8d; Woolworths (Syd.). (ord.), b. £1 4s; W. R. Carpenter, s. £2 ss. Australian Mining: Rawang Tin. b. 8s sd, s. 9s. N.Z. Mining: Grey River, b. 8s 8d; Kanieri, s. £l 4s 6d. AUCKLAND Sales.—Bank of New Zealand (350), 49s 6d; Bank of New Zealand (375), 49s 8d (3); Bank of New Zealand (100), 49s 9d; Bank of New Zealand (100), 50s; Dominion Breweries (200), 525; Caro’s Stores (pref.) (100), 255; Fletcher Holdings (162), 31s lid; Farmers’ Trading (200), 28s 3d; Macduffs (pref.) (400), 275; Woolworths (Syd.) (100), 245; Kanieri (100), 23s 9d. WELLINGTON .Sales.—Late Friday: Fletcher Holdings (100), 325; Woolworths, Ltd. (100), 245. Yesterday: Inscr. Stock, 1/8/51-54, 3 p.c. (£2500), £IOO (2); Fletcher Holdings (500), 32s (3); Bank of New Zealand (300), 50s (7); N.Z. Breweries (250), 46s 6d; G. J. Coles (50). 70s; Woolworths, Ltd. (350), 245; Woolworths Holdings (South Africa) (200), 335. DUNEDIN Sales Reported.—lnscr. Stock, 1956-59, 3 p.c. (£200), £9B 10s; Macduffs (pref.) (100), 275; Kalapoi Woollen (pref.) (200), 265; Westland Breweries (200), 295. The sale of 175 A. and T. Burt pref. unlisted, which was reported on Friday, was made at 25s 6d. RESERVE BANK RETURN (P.A.) WELLINGTON, July 30. The Reserve' Bank return for the week ended July 23, with the figures for the previous week in parenthesis, is:— Liabilities.—General reserve fund, £1,500,000 (same); bank notes, £40,508,591 (£40,585,427); demand liabilities; State, £10,741,752 (£10,904,944); banks, £46,374,321 (£44,877,601); other, £777,840 (£1,606,155); liabilities in currencies other than New Zealand currency, £268,146 (£31,042); other liabilities, £2,072,995 (£2,045,241). Total, £(N.Z.)102,243,645 (£101,550.411). ... Assets.—Gold, £2,801,878 (same); sterling exchange in New Zealand currency, £65.790,394 (£64,690,907); subsidiary com. £22.706 (£23,539); advances: to the Marketing Department, £630,661 (£1,149,974); for othet purposes. £17,000,00Q (same); investments, £14,345,496 (same); other assets. £1,652.511 (£1.538,618). Total, £ (N.Z.) 102.243,645 (£101,550,411). Proportion of reserve to notes and other demand liabilities, 69.433 per cent. (68.857 per cent,). MINING Associated Gold Dredges (N.Z.), Ltd.— For the week ended July 28, the company’s dredges recovered 160oz from 57,320 yards in *3531 dredging hours. Clutha River.—For the week ended July 27, the Clutha river dredge worked 91 hours and recovered 123 ounces.—(P.A.) Gillespie’s Beach.—The Gillespie’s Beach return was 13oz 7dwt in 129 hours, from 16,177 yards.—(P-A.) Blackwater Mines, Ltd.—Review of development work for four weeks to July 2o 1945;—N0. 15 level drive south; advanced 25 feet on reef averaging 12.13dwt over a width of 441n. The north shaft was sunk a further lift to a total depth of 2738 feet. An advance of 20 feet was made with the station chamber on the horizon of 16 level, exposing reef averaging 16J3ldwt over 22in for a distance of 15 feet. . STOCK SALES .*• PLEASANT POINT “The Press" Special Service TIMARU, July 30. Over two races of fat sheep were forward at the Pleasant Point sale. The quality was particularly good, and wethers were in larger supply than usual. With the yardings in excess of butchers’ requirements, and the absence of outside competition, the market opened at 2s a head below recent rates. This level was maintained for the greater part of the sale, but over the concluding stages values eased by a further Is a dead. Extra prime wether sold to 49s lOd; prime, 39s to 44s 7d; light to medium. 32s to 36s lOd; extra prime ewes. .30s to 83s 10d; medium to prime, 23s lOd to 29s 4d; light, 15s to 21s lOd. A medium-sized entry of fat cattle met with a firmer demand, and prices Improved by 20s. Extra prime beefers sold at £l6 to £lB 2s 6d; medium to prime, £ll to £ls 12s 6d; extra prime cows, £l3 17s 6d to £ls 12s 6d; medium to prime, £9 2s 6d to £l3. The only sheep offered In the store section were hoggets, and under existing weather conditions prices were at quite a satisfactory level. Medium Romney cross ewe hoggets made 24s to 265; medium to good wether hoggets, 18s to 23s 7d.