COMMERCIAL

Press, Volume LXXXI, Issue 24749, 14 December 1945, Page 8

COMMERCIAL

STOCK EXCHANGES Markets were active on call at the Christchurch Stock Exchange yesterday, and business was well spread. Price levels generally were well maintained. Rises outnumbered falls. The following transactions were recorded;— Sales on ’Change.—Listed slocks: £9O Wool Bonds, 1/2/48. 21s 3d; £125 Wool Bonds. 1/2/48, 21s 3d; 20 Canterbury Frozen Meat (pref., ex div.), £8 ss; 100 Kaiapoi Woollens (17s 'paid), 22s 7d; 100 British Tobacco, 63s 6d; 100 British Tobacco, 53s fid; 50 British Tobacco. 53s fid; 50 British Tobacco. S3s 6d; 100 Woolworths (N.Z.) (Old.). 24s 3d; 2DO Woolworths Properties (cum dlv.J, 31s 6d; 100 Ngahere, 10s. Sales Reported.—Listed Stocks: 15 Commercial Banking Co. of Sydney, £22 2s; 10 Bank of New South Wales, £33 10s; 5 Bank of New South Wales/ £33 10s; 275 Northern Steamship - , 10s 4d; 300 N.Z. Refrigerating (£1 paid), 31s 6d; 100 N.Z. Refrigerating (£1 paid). 31s fid: 127 N.Z. Refrigerating (£1 paid), 31s 3d: 100 Christchurch Gas (fully paid), 25s Dd; 50 Australian Consolidated Industries, 5Gs fid; 100 Australian Consolidated Industries, 56s fid; 100 Australian Consolidated Industries, sfis fid: 300 Dunlop Rubber (late sale Wednesday), 275; 100-Dunlop Rubber, 275; 100 Frozen Products, 20s 3d; 150 N.Z. Paper Mills, 40s; 150 N.Z. Paper Mills, 40s; 100 Reid (N.Z.) Rubber (ex div.) (late sale Wednesday), 29s Sd- 100 Woolworths (Syd.) (ord.) (late sale Wednesday), 23s lOd; 100 Woolworths (N.Z.) (ord.), 24s 3d; 600 Big River. 6}d; 200 Martha Gold, 9s; 100 Dunlop Rubber. 275. LATEST QUOTATIONS N.Z. Govt. Debentures.—2i p.c. Inscr., 1947, b. £99 15s, s. £IOO 2s fid; 2i p.C. Inscr., 1948, b. £99 ss; 3 p.c. Inscr., 194648. b. £IOO 10s; 3 p.c. Victory Loan, 195558, b. £IOO 15s; 34 p.c. Inscr.. 1953-57, b. £lO3 15s; 4 p.c. Inscr., 1952-55, b. £lO6 17s fid: Wool Bonds, 1/2/48, b. £1 Is 3d; Wool-Bonds. 1/2/49, b. £1 0s fid, s. £1 Os 7d. Banks: E. S„ and A., b. £4 12s; Natl, of A/asia. (£5 paid), b. £6 10s; Natl, of N.Z. (cum div.), b. £2 13s 9d. s. £2 14s 3d; Union of Aust., s. £8 2s fid. Insurance: New Zealand, b. £4 19s 3d. Loan and Agency: Goldsbrough. Mott, b. £1 10s, s. £1 Us fid. Frozen Meat; Canterbury (ex div.), b. £l4 ss: N.Z. Refrig. (£1 paid), b. £1 11s fid: N.Z. Refrig. (10s paid), b. 15s, s. 15s 3d. " Woollens: Felt and Textiles, s. £2 19s; Kaiapoi (17s paid). 1). £1 2s 7d. s. £1 2s lOd; Kaiapoi (con., fully paid), b. £1 Is lid. s. £1 2s. Coal: Westport, b. £1 ss, s. £1 5s Bd. Gas: Christchurch, b. £1 ss. Breweries: New Zealand, b. £2 fis Bd, s. £2 7s, Misucllaneous: Aust. Pound. Investment, b. 5s 3d; Beath and Co., b. £1 13s, s. £1 14s fid; Beath and Co. (Is paid), b. 7s lOd, s. 8s lOd; British Tobacco, b. £2 13s 3d. s. £2 13s fid; Broken Hill Ply., b. £2 4s, s. £2 ss; C.F.C.A., b. £1 Is fid; Capel Court, s. 5s 2d; D.1.C.. b. £1 2s; D.I.C. (pref.), b. £1 7s 9d: Dunlop Rubber, b. £1 Gs fid, s. £1 7s; Millaquin Sugar, b. £2 9s fid, s. £2 10s; Maccluffs, s. 16s fid; New Colosseum. b. £2 3s fid; Reid Rubber, b. £1 fis 9d, s. £1 9s fid; United Provisions, b. I9s, s, £ I 0s fid; Weeks, b. £l2, s. £l3 ss; Whitcombe and Tombs, s, £8; Woolworths (Syd.) (ord.), b. £1 3s lid, s. £1 4s; Woolworths (N.Z.), b. £1 4s 3d. s. £1 4s fid: Woolworths Properties (cum div.), b, £1 li-s 4d, s. £1 11s Bd. Aust. Mining; Mount Morgan, s. 9s 3d. N.Z. Mining; Kanieri. s. £1 5s 9d; Ngahere, b. 10s, s. Us; Ngahere (def.), b. 2s fid. AUCKLAND Sales. —Ins. Stock 15/4/60-63, 3 per cent. (£350). £100; Victory Loan. 15/4/56-59, 3 per cent, (£1000), £IOO 2s fid; National Insurance (100). 265; South British (100). 90s fid: South British (200), 90s; Auckland Gas (36G), 7s 8d; Felt and Textiles (100), 58s fid; Berlei (Sydney, pref.) (200), 32s fid; British Tobacco (100). 53s 4Jd; Broken Hill Pty. (200), 45s 3d; Broken Hill Pty. (50), 455; Claude Neon (N.Z.) (100), 41s fid; Dunlop Rubber (100), 275; Woolworths (Syd.) (100). 23.S 10d; Broken Hill South (100), 29s fid; Mount Lyell (100), 25s 3d. WELLINGTON Sales.—Late Wednesday: Ins. Stock, 15/5/53-SG, 3 per cent. (£1000), £IOO 2s fid; Ins. Stock, 15/1/53-57, 3J per cent. (£400), £lO3 15s; Wool Bonds, 1/2/48 (220), 21s Id; Wool Bonds, 1/2/49 (300), 20s 3d. Yesterday: Bank of New South Wales (15), £33 12s fid; Woolworths, N.Z. (ex div.) (500). 24s IJd; Ins; Stock. 31/5/s*.'-58. 4 per cent. (£400), £lO6 2s (id; Commercial Banking Company of Sydney (15), £22 2s; National Bank of New Zealand (cum div.) (100), 54s 9d; Leyland O'Brien (200), 25s 3d;.R010-lti Timber (200). 10s fid; N.Z. Breweries (120). 4Gs 9d; Woolworths, Ltd. (150), 23s 10d; N.Z. Paper .Mills (50), 40s 9d; Frozen Products (100), 20s 3d; Woolworths, N.Z. (ex div.), (100), 24s Id. DUNEDIN Sales Reported.—lns. Stock, 1947-49. 21 per cent. (£500), £IOO 2s fid; Ins. Stock. 1948, 21 per cent. (£200), £99 2s fid; Ins. Stock, December, 1953-56, 3 per cent. (£500), £lOl ss; Ins. Stock, 1957-60, 3i per cent. (£1850). £lO2 2s fid; War Bonds. 1948 ( 635), 21s 2d; New Zealand Breweries (100), 4fis 9d; Mount Lyell (100). 25s DISPOSAL OF SURPLUS WOOL NEW ZEALAND COMMISSION NOT YET APPOINTED Authority was given recently under the Wool Disposal Act. 1945, for the setting up of the New Zealand Wool Disposal Commission, which will be the subsidiary in the Dominion for the Joint Organisation established by the British, Australian. New Zealand, and South African Governmeuts to dispose of surplus wool stocks. No announcement has yet been made of the personnel of the commission, which will consist of four Government representatives. three members of the New Zealand Wool Board appointed as woolgrowers' representatives, and an associate member nominated by the New Zealand Woolbrokers' Association. Nominations for the woolbrokers' representative, however, have been forwarded to the Government. Part of the commission's functions will be to assess on the basis laid down by the Joint Organisation the appropriate reserve prices for the individual lots of wool from stocks or current clips offered for sale at auction. For this work appraisers will be required, and •it is understsood that the export division of the Marketing Department, which Is empowered under the act to act on behalf of the commission, has' already approached wool buyers in New Zealand to find out it they would undertake appraisal duties.

COMPANY NEWS

A.M.P. Society Administrative Appointments.—Consequent upon the recent deatli of Mr A. W. Sneddon, who since 1934 was general manager and actuary of the A. Society, advice from Sydney has been received that Mr S. Osmond has been appointed general manager. Mr Osmond entered the service of the society at Melbourne as a junior In 1901. and served there until in 1934 he was appointed sub-manager for South Australia. The next year he became manager , for South Australia, and in 1939 manager for Victoria. He transferred to Sydney in April, 1944. holding respec-' lively the positions of secretary, secretary and chief inspector (February. 1943), and now general manager. Other appointments announced are: secretary and chief inspector, Mr A. M. C. BnUfleld; actuary to the society. Mr P. F. Innes, F.I.A • manager for New South Wales, Mr hj. B. G. Walker: chief clerk and chief accountant at head office, Mr L, G Oxhv PJ.A.; associate actuary. Mr S. J. R.' Chatten, F.T.A. The society also announces the appointment to fill vacancies on its New Zealand board of Messrs C. U. Plimmer and J. D. G. Duncan.

MINING Gold DredßC.—The return was 356.85 ounces from 74.987 vards in 2541 vembVVPn 6 from NotoSls weV 7(S« ember^n - November yards in 550 hours ° UnCeS from 193 ' 643