COMMERCIAL

Press, Volume LXXXI, Issue 24740, 4 December 1945, Page 6

COMMERCIAL

I STOCK EXCHANGES | SHARE MARKET QUIET | YESTERDAY ihi; slm;c .Jitcet was quiet yesterday, : end rccordca dealings were restricted to a lew stocks. Price levels generally were well maintained. Sales on ’Change.—Listed stocks; £2OO N.Z. Govt. 2J p.c. Stock, 1946, £IOO 10s. Sales Reported.—Listed stocks: 100 N.Z. ■ Refrigerating (£1 paid), 31s 6d; 200 N.Z. Refrigerating (£1 paid), 31s 6d; 100 Broken Hill Proprietary. 465; 200 Dental and Medical, £1 7s. ’ LATEST QUOTATIONS N.Z. Govt. Debentures,—2J p.c. Inscr., 1949-51, b. £93; 2} p.c. Victory Loan, 1950Sl, b. £9B ss; 3 p.c. Inscr., May, 1933-56, b. £100; 3 p.c. Inscr., December, 1953r56, b. £101; Rural Bonds, b. £1 Is. Banks: Australasia, s. £9 2s 6d; E., S., and A„ b. £4 11s. s. £4 12s 6d; National of A’asia. (£lO paid), b.“£l3 ss; National of N.Z. (cum div.), s. £2 IBs. Loan and Agency: Goldsbrough, Mort (cum div.), s. £1 13s; Natl. ; Mort. A. b. £3 12s; Natl. Mort. B, b. £1 , 18s: N.Z. and River Plate, b. £1 2s 6d, Shipping; Huddart-Parker, b. £3 8s 3d; P, and. O. Deferred Stock (cum div.), b. £3, ' s. £3 3s. Frozen Meat: Gear, b, £1 7s lOd; N.Z. Refrig. (£1 paid), s. £1 12s; i North Canty, (pref.), b. £1 2s 6d: Southt £2 19s 6d. Woollens: Kalapoi (17s r .paid), b. £1 2s 6d, s. £1 3s; Timaru, b. El. ’ Coal: Westport, b. £1 ss, s. £1 6s 6d. Gas; ‘ Christchurch, b. £1 ss, s. £1 6s 9d. 1 Breweries: Dunedin, b. £1 8s 6d. Mls- • cetlaneous: British Tobacco, (cum div.), b. i £2 13s 6d: Broken Hill Pty„ b. £2 5s 9d, ; s. £2 6s; C.F.C.A., b. £1 Is. s. £1 3s 6d; i Electro. Zinc. s. £3 Is; Electro. Zinc , (pref.), b. £3; Frozen Products, b. 19s 9d; ; Henry Jones (ex div.), b. £2 15s 6d; ■ Howard Smith, b. £1 5s 6d, s. £1 7s 3d: ) Millaquin Sugar, b. £2 7s; Morfs Dock, : b. £1 8s 9d; Macduffs, b. 16s, s. 16s 6d; s National Electric (ex div.), b. £1 14s; Reid Rubber, s. £1 11s: United Provisions, b. r 19s; Woolworths (Sydney) (ord,), b. £1 3s I 9d, s. £1 4s. Australian Mining: Mount 1 Lyell. b. £1 ss, s. £1 6s; Mount Morgan | (pref.), b. £1 3s 6d; Rawang Tin, s. 10s., I N.Z. Mining: Ngahere, b. ss, s. 6s. : AUCKLAND , Dales.—Victory Loan, 15/2/55-58, 3 per L cent, (£510), £IOO 15s (2); National Bank ■ of N.Z. (50). 365; Bank of New South 1 Wales (15), £33 15s; N.Z. Insurance (150), £5 Is (2); Renown Coal (100), 11s; Do- , minion Breweries (50). 58s 6d; Leyland , O'Brien (200), 25s 3d; Broken Hill-Pty. , (100), 465; Farmers’ Trading (100),' 28s ' 3d; G. J. Coles (155). 75s 6d; Hume Pipe, Aust. (100), 22s fid; Northern Roller (650), 26s (2); Sanford, ord. (200), 8s lOd; SKarland, ord. (100), 37s 3d; Wilson’s Cement ; (350). 18s 9d (2); Woolworths. N.Z. (1250). , ’24s 2d (3); Mount Lyell (100), 25s 6d. | Unofficial List.—Felt and Textiles of • New. Zealand (50). 39s 3d. WELLINGTON Sales.—Late Friday: Ins. Stock, 15/6/4749, 2i per cent. (£650). £100; Ins. Stock; 13/2/49-50, 2J per uent. (£200), £99; Ins. Stock, 1/10/53, 2i per cent. (£1400). £97 Ss; Ins. Stock, 13/2/55-58 , 3 per cent. (£1400), £IOO 15s; Ins. Stock, 15/2/53-56 3 per cent..(£2so), £99 17s 6d, Yesterday: Ins. Stock,. 1/8/51-54, 3 per cent. (£5000), £IOO 17s 6d; National Savings Bonds, 15/6/48 (200), £lO 7s 6d; Renown Coal (100), 11s; Ins. Stock, 1/8/46, 2i per cent. (£1000), £IOO 12s 6d; Ins. Stock, 15/12/5356, 3 per cent. (£750), £lOl 2s 6d; Bank of New South Wales, £33 15s; Felt and Textiles of New Zealand (250), 395. DUNEDIN ■ Sales Reported.—N.Z. Insurance (200), £5 Is; Macduffs, Ltd. (ord.) (100), 16s 6d; Ins. Stock, 1956-59, 3 per cent. (£SOO and £250), £IOO Ss; N.Z. Express Company Debentures (£250). £100; E.. S., and A. Bank (100), 91s 6d; N.Z. Refrigerating tcont.) (100), 15s; Dental and Medical (200), 275; Sharland and Company (ord.) (100), 37s 3d. COMPANIES REGISTERED The registration of the following new companies is notified in the current issue of the “Mercantile Gazette":— „ Debenham (William C.) and Son. Ltd. Registered as a private company November 14. Office: 172 Hereford street, Christchurch. Capital; £IOOO in shares of £1 each. Subscribers; Christchurch, W. C. Debenham 999, O. G. Debenham 1. Objects: Engineers, importers and exporters, ironfounders. and incidental. Canterbury Electrical Construction Company, Ltd.—Registered. as a private company November 19. Office: 204 Manchester street, Christchurch. Capital: £2OOO in shares of £1 each. Subscribers: Christchurch, N. Robertson "50, J. C. Gibbs, D. Barnard 200 each, H. C. Urlwin 800, F, R. Kemp 50. Objects: Electricians, electrical engineers, exporters, importers, electrical appliances. Incidental, Clegg Bros., Ltd.—Registered as a private company November 20. Office: 3 Cholmondeley avenue. Opawa, Christchurch. Capital: £3OOO in shares of £1 each. Subscribers: Christchurch. J. A., T., L. Clegg 1000 each. Objects: Building manufacturers, upholsterers, and incidental. • Motueka Motors, Ltd.—Registered as a private company November 14. Office: Offices of A. L, Drury, Public Accountant, High street, Motueka. Capital: £2595 in shares of £1 each. Subscribers:'Motueka —A. Reid, C. J. Wilkins, and K. Caider 865 each. Objects; Motor engineers and incidental. Mace (R. A.), Ltd.—Registered as a private company November 14. Office: 41A Trafalgar street. Nelson. Capital: £3OOO in shares of £1 each. Subscribers; Nelson —R. A. Mace 500. M. M. E. Mace 250: Wellington—R. H. and A. J. Nimmo 1125 each. Objects: Household furnishers, furniture dealers, and incidental. STOCK SALES PLEASANT POINT " The Press ” Special Service TIMARU, December 3. ■ Just over two races of fat sheep were yarded at the Pleasant Point sale. Values for fat ewes varied to a fair extent throughout the sale, and late rates for this class were barely maintained, but prices tor wethers were firm. Prime shorn wethers made 32s lOd to 36s Id; light to medium. 25s lOd to 29s lOd; prime ewes. 21s 4d to 25s lOd: light to medium,; 15s to 20s 4d: prime lambs. 29s lOd to 32s Id. The yarding of fat cattle was larger than the previous sale, and the quality was a little above the usual standard. The sale was a good one, showing a slight appreciation of value. Medium to prime steers made £ll 2s 6d to £l7 17s 6d; medium to prime heifers, £9 17s 6d to £l3 17s 6d; medium to prime cows, £6 17s 6d to £lO 17s 6d. The few pens of store sheep sold at late rates. A line of Romney ewes, four and six-tooth with lambs at foot, realised 24s 6d all counted, and values for two-tooth ' wethers were from 22s to 255. RESERVE BANK RETURN /P.A.) WELLINGTON. December 3. ■ Tlie Reserve Bank return for the week ended November 26, with the figures for the previous week in parenthesis/is:— Liabilities.—General Reserve Fund/ I £1.500,000 (same); bank notes, £42,754,632 (£42.270.045); demand liabilities: State I £10.708.313 (£9,339.180); banks. £55,977,906 (£00,366.732); other, £467,195 (£788,165); liabilities in currencies other than New Zealand. £21,301 (£19.693); other liabillties. £3.094.537 (£3,048.900). Total £(N .Z.) 114.563.884 ( £ 112,332,7161. Assets.—Gold. £2.801.878 (same); ster“Jß exchange in New Zealand currency, (£74.233,999); subsidiary coin, £9,815 (£14.000); advances: to the Marketing Department, £2,865,026 (£3,402.517); other purposes. £28,000.000 (£25.000,000); investments. £5,799.140 (same); other as£BXl.lß7 (£1.081.182). Total £ (N.Z.) 114,563,884 (£112.332,716). Proportion of reserve to notes and other demand liabilities, 69.994 per cent. (71.467 per cent.)

MINING

Slab Hut.—The return for the week ended November 30, 1945, was 60 ounces from 17,000 yards, in 122 hours. Associated Gold Dredges (N.Z.), Ltd.— For the week ended December 1. the company's dredges recovered 218 ounces from 74,740 yards, in 363 dredging hours. Gillespie's Beach.—The Gillespie's Beach return was 330z 7dwt in 110 hours from 14,666 yards.—(P.A.) Mr A. McC. Woodward, who has been appointed general manager for New Zealand of the Goldberg Advertising Agency, Ltd., has arrived in Wellington t:om Sydney, accompanied by Mr H. B. Riggs, managing-director.