COMMERCIAL

Press, Volume LXXXII, Issue 24802, 16 February 1946, Page 8

COMMERCIAL

STOCK EXCHANGE MARKETS REMAIN FIRM The share market continued firm and active on the Christchurch Stock Exchange yesterday, and there was a good volume of business, with the bulk of the dealings again in Government loans and industrials. The following transactions were recorded:— Sales on ’Change.—Listed stocks: £265 3 p.C. Stock, 1957-60, £100; £4OO 3 p.C. Stock, 1957-60, £100; £5OO N.Z. Govt. 2J p.c. Stock, 1947. £lOO £2OO N.Z. Govt. 3 p.c. Stock, 1952-55, £lOO 15s; 200 N.Z. Refrigerating (10s paid)/ 15s 6d; 100 N.Z.' Refrigerating (10s paid), 15s 6d; 100 New Zealand Breweries, 50s; 200 Booth. Macdonald (pref.), 40s 9d;‘ 100 Booth, Macdonald (pref.), 10s 9d; 100 Reid (N.Z.) Rubber, 335; 100 Woolworths Properties, 30s 9d; 100 Booth, Macdonald (pref.), 10s 9d. Sales Reported.—Listed stocks: 88 National Bank of Australasia (£5 paid) (late sale Thursday), £7; 50 Union Bank of Australia. £9; 300 N.Z. Refrigerating (10s paid), 15s 6d; 100 Kaiapoi Woollens (pref.), 26s 6d; 100 Dominion Breweries, 635; 150 N.Z. Breweries (late sale Thursday), 50s; 200 N.Z. Breweries, 50s; 100 Broken Hill South, 325.

LATEST QUOTATIONS N.Z. Govt. Debentures.—3 p.c. Inscr., 1957-60, b. £100; * p.c. Inscr., 1946, b. £lOO 2s 6d; 2£ p.c. Inscr., 1947, b. £lOO ss, s. £lOO 10s; 2J p.c. Inscr., 1948, b. £99 10s; 21 p.c. Inscr., 1947-49, b. £99 7s 6d; 21 p.c. Victory *Loan, 1949-50 (ex int.), b. £9B ss; 2J p.c. Victory Loan, 1950-51, b. £99 ss; 21 p.c. War Loan, 1953, b. £9B ss; 3 p.c. Inscr., 1946-48. b. £lOO 10s; 3 p.c. Inscr., 1951-54, b. £99 12s 6d; 3 p.c. Inscr., 1952-55, b. £lOO 12s 6d, s. £lOO 15s; 3 p.c, Inscr., May, 1953-56, b. £lOO 2s 6d; 3 p.c. Inscr., Dec., 1953-56, b. £100; 3 p.c. Victory Loan, 1955-58 (ex int.), b. £99 10s; 3_p.c. Victory Loan, 1956-59, b. £lOO 2s 6d; 3 p.c. Inscr., 1960-63, b. £100; 31 p.c. Inscr., 1956-59, b. £lOO ss; 31 p.c. Inscr., 1953-57, s. £lO3 ss; 4 p.c. Inscr., 1949-52, b. £lO3 12s 6d; 4 p.C. Inscr., 195255, 'b. £lO5 10s; 4 p.c. Inscr., 1954-58, s. £lO6 17s 6d; Liberty Bonds, b. £1 Is 3d; Wool Bonds, 1/2/48, bt £1 Is Id; Wool Bonds, 1/2/49, b. £1 0s 9d.

Banks.—Adelaide, b. £6 10s; Australasia, b. £9 10s; Conim. of Aust., b. 19s 9d; Comm of Sydney, b. £22; E., S., and A., s. £5 0s 6d; National of N.Z., b. £2 17s 3d,

s. £2 18s; New South Wales (ex div.), b. £35 10s; Union of Aust., b. £8 19s.

Insurance.—National, b. £1 7s 6d; New Zealand, s. £5 10s; Standard (cum div.), b. £4 7s 6d. | Loan and Agency.—Christchurch Building, b. £2l ,15s; Dalgety and Co., b. £9 ss; Goldsbrough, Mort, b. £1 Ils 4d, s. £1 Ils 9d; Invincible Building, b. £5; Mutual Benefit, b. £l9 10s; National Mortgage (B), b. £2; N.Z. and River Plate (ord. stock), b. £1 0s 6d; N.Z. Guarantee Corpn., b. 4s sd, s. 4s lOd; N.Z. Loan and Merc. (pref, stock), b. £110; Perm. In-1 vestment, b. £ll 12s 6d; United Building, l b. £1 4s 9d; Wright, Stephenson, b. £1! 7s; Wright, Stephenson (pref.), b. £1 7s. : Shipping.—Huddart Parker (pref., cum ''div.), b. £1 12s 9d; Northern, b. Ils sd; Union (pref.), b. £1 12s lOd. Frozen Meat.—Canterbury, b. £l5 10s; Canterbury (pref.), b. £8 10s; Gear, b. £1 8s; N.Z. Refrig. (£1 paid), b. £1 12s; N.Z. Refrig. (10s paid), b. 15s sd, s. 15s 6d; Southland (ex div.), b. £2 18s; Southland (pref., ex div.), b. £2 18s 6d; South Otago, b. £6 10s; Waitaki, b. £7 16s. Woollens.—Bruce, b. £1 17s 9d, s. £1 18s; Felt and Textiles, b. £2 17s 9d; Kaiapoi (17s paid), b. £1 4s 6d; Kaiapoi (con., fully paid), b. £1 4s 3d; Kaiapoi (pref.), b. £1 6s, s. £1 6s 6d; Manawatu, b. £2 10s; Mosgiel, b. £l5; Oamaru, b. £1 Ils 9d; Timaru, b. £1 2s; Wellington, b. £9 15s; Wellington (pref.), b. £9 15s. Coal.—Kaitangata, b. £1 5s 3d; Westport, b. £1 6s 2d. Gas.—Ashburton, s. £3 18s 6d; Auckland, b. Bs, s. 9s; Cliristchurch (ex div.), b. £1 5s 9d, s. £1 6s 6d; Christchurch (10s paid, ex div.), b. 12s 6d. Breweries.—Ballins. b. £1 2s; Dominion, b. £-3 3s; Dunedin, b. £1 10s; New Zealand, b. £2 10s. s. £2 10s 3d; Queensland, b. £1 8s 6d; Swan, b. £1 8s 6d; Tooths, b. £3 7s; Westland, b. £1 14s 6d. Miscellaneous.—Aust. Con. Industries, b. £2 17s 6d; Aust. Found. Invest, b. 5s sd, s. 5s 9d; Beath and Co., b. £1 16s 6d, s. £1 18s; Booth, Macdonald (pref.), b. 10s 9dr British Tobacco, b. £2 14s 6d; Broken Hill Pty., b. £2 7s Gd; C.F.C.A., b. £1 4s; C.F.C.A. (pref.), b. £2 9s; Canty. Roller Flour, s. 17s; Claude Neon (N.Z.), b. £2 ss; Colonial Sugar, b. £59 10s; Con. Brick, b. 10s 9d, s. 10s lOd; David Jones, b. £2 8s; Dental and Medical, b. £1 8s; Dom. Builders, b. 10s; Dom. Rubber, s. £1 0s 6d; Donaghy Rope, b. £3 10s 3d; D.1.C., b. £1 4s 6d; D.I.C. (pref.), b. £1 9s; Dunlop Rubber, b. £1 9s, s. £1 10s; Electro. Zinc (pref.), b. £3 3s 9d; Fletcher Holdings, b. £1 14s 9d; Frozen Products, b. £1 0s 6d; G. J. Coles, b. £4 0s 6d; Greater Crystal Palace, b. £1 4s lOd; Griffin and Sons. b. £2 ss; Hadfields, b. 7s 6d; Hay’s. Ltd., sr £3; Hay’s, Ltd. (cont.), b. £2 12s; Henry Jones, s. £3; Howard Smith, b. £1 6s 6d; Hume Pipe, b. £1 Is 6d, s. £1 3s; 1.C.1., Aust, and N.Z. (pref.), b. £1 7s 3d; Kauri Timber, b. £1 Ils: Millaquin Sugar, b. £2 Ils, s. £3; Morts Dock, b. £1 9s; Macduffs, b. 16s 6d. s. 18s; Macduffs (pref.), b. £1 8s; McLeod Bros., b. £25; Natl. Electric, b. £1 14s; N.Z. Drug Co., b. £5 8s; N.Z. Drug Co. (new, fully paid), b. £5 7s; N.Z. Farm. Co-op. (A pref.), b. £3 17s; N.Z. Farm. Co-op, (B pref.), b. £3 14s: N.Z. Farm. Co-op. (4J p.c. Stock, 1949), b. £100; N.Z. Farm. Co-op.. (4J p.c. Stock, 1950), b. £100; N.Z. Farm. Co-op. (4J p.c. Stock. 1955), b. £lOO 10s; N.Z. Forest Products, s. 5s 6d; N.Z. Forest Products (pref.), s. Ils; N.Z. Newspapers, b. £2 6s 3d; Otago Daily Times, lx £2 13s: Quill, Morris (ex div. and rights), b. £1 9s; Reid Rubber, b. £1 12s 9d, s. £1 13s 2d; Reid Rubber (cont.), s. 17s 6d; Selfridges, b. £1 10s 3d; Sharland and Co., b. £1 18s; Silknit. b. £1 12s 6d; Simpson and Williams, b. £2 10s; Standard Cement, b. £1 3s 6d; Peters Ice, b. £1 10s; Taringamutu Totara Timber, s. £1 Is; United Provisions, b. 19s; Whitcombe and Tombs, b. £7 17s 6d, s. £8 3s 6d; Wilcox Mofflin. b. 15s; Wilson’s Cement, b. 19s 6d, s. 19s 9d; Woolworths (Syd.) (ord.), b. £1 6s 9d, s. £1 6s lOd; Woolworths (N.Z.), b. £1 5s Bd, s. £1 5s lid; Woolworths Properties, b. £1 10s 9d; W. R. Carpenter, b. £2 5s 6d; W. R. Cooke and Son. s. 6s 6d, Overseas Listings.—Wool worths (S.A.), b £1 16s. Aust. Mining.—Broken Hill South, b. £1 Ils 9d, s. £1 14s; Mount Lyell, b. £1 4s 9d; New Broken Hill, b, £1 7s; North Broken Hill, s. £3 Is; Placer Development, s. £6 ss; Rawang Tin. s. 9s; Wellington Alluvials, b. 4s Bd. N.Z. Mining.—Arahura, b. £1 14s; Grey River, s. Ils 6d; Kanieri, b. £1 2s, s. £1 ss; Ngahere, b. 9s, s. 10s 6d; Ngahere (def.), b. Is 9d; Snowy River (ex div.), b. 6s; Slab Hut, b. Is. Unofficial List.—Amalg. Batteries, b. 20s; Amalg. Batteries (pref.), b. 20s; Ass. Mot. Petrol (pref.), b. 32s 6d, s. 34s 3d; Aust. Mot. Petrol, b. 26s 6d; Felt and Textiles of N.Z., b. 41s 9d; Mackintosh, Caley, Phoenix, b. 335; Mt. Cook Tours, b. 10s, s. 13s; Royds Bros, and Kirk, s. £1 ss; Selfridges (N.Z.) (cont.), b. 12s 9d. s. 13s 6d; Victoria Mansions, b. 20s 3d; Taramakau (5s paid), b. 5s 6d, s. 6s 3d; Whakatane Paper, b. 4s, s. 6s 6d; Whakatane Paper (pref.), b. 20s; Zip Heaters (debs.), s. £lO5. AUCKLAND Sales Reported.—Bank of N.Z. Stock, 15/11/57-60, 3 per cent. (£2130), £100; E., S.. and A. Bank (99), £5; National Bank of Australasia (60), £l4; N.Z. Insurance (300), £5 7s 6d; Pukemiro Coal (200), 18s 6d; Huddart-Parker (ord.) (250), 71s 6d; N.Z. Breweries (200), 50s; Bycroft (100). 58s 6d; Farmers’ Trading (100), 30s Gd; Fletcher Holdings (600), 355; Gear Meat (150), 28s 3d; K.D.V. Boxes (200), Ils lOd; N.Z. Paper Mills (100), 41s 6d; Emperor Mining (500). 17s 6d; North Broken Hill (50). 60s 3d. Unlisted.—Hellabys (ord.) (50), 51s. WELLINGTON Sales.—Late Thursday: 3000 3 per cent. Stock, 15/9/52-55, £lOO 15s; 770 (2 sales) 3 per cent. Stock, 15/11/57-60, £100; 1065 3 per cent. Stock, 15/11/57-60, £100;. 200 N.Z. Insurance, £5 7s 6d. Yesterday: 1250 3 per cent. Stock, 15/4/60-63, . £100; 27 Union Bank, £9; 200 2J per cent. Stock, 15/4/50-51, £99 ss; 50 Union Bank, £9; 300 N.Z. Refrigerating (con.), 15s 6d; 100 Hud-dart-Parker (cum div.), £3 Ils 6d; 200 Broken Hill Proprietary, £2 7s 6d; 100 Woolworths Properties, £1 10s 9d. Unofficial List.—loo Modern Plastics (ex div.), £1 Ils. • DUNEDIN Sales on ’Change.—Felt and Textiles of N.Z., unlisted (100), 425. Sales Reported.—N.Z. Breweries, late (200), 50s; N.Z. Paper Mills, late (96), 41s; N.Z. Government 3 per cent. Stock, 195558 (£200), £99 7s 6d (ex div.); Bank of New South Wales (25), £35 15s; Fletcher Holdings (300), 355; John Bulleid and Co. (200), 14s; Broken Hill Proprietary (50), 60s 3d. COMPANY NEWS

Permanent Investment Association.— Profit of £5374 and a balance brought forwar of £582 are reported by the directors of the Permanent Investment and Loan Association of Canterbury in the report to be presented at the seventy-fifth annual meeting on February 25. An interim dividend of 2 per cent, was paid on July 31, and a final dividend of 3 per cent, on January 31, these absorbing £5OOO. Of the balance in the profit and loss account, £5OO has been added to the reserve fund (£21,000) and £455 has been carried forward. Retiring directors eligible for reelection are Messrs Godfrey Hall and J. W. K. Lawrence.'

Christchurch Gas Company.~A sum of £20,926 in the profit and loss accountprofit £16,689, and £4237 brought forward—is reported by the directors of the Christchurch Gas, Coal, and Coke Company, Ltd., in the report for the eighty-second annual meeting on February 26. A dividend of 3 per cent is recommended, which, with the interim dividend of 2 per cent, already paid, will absorb £18,035. Retiring directors eligible for re-election are Messrs A M. Satterthwaite and D. W. J. Gould.

| Quill. Morris, Ltd.—Net profit of £2290 ! compared, with £2260 a year ago is reForted by the directors of Quill. Morris 1936), Ltd., in their report for the tenth i annual meeting on February 28. The balance brought forward is £1055. An in-

terim dividend of 5- per cent. (£914) was paid in August, and a final dividend of 2J per cent, (making 5 per cent, for the year) is recommended (£914), leaving a balance to carry forward of £1517. The retiring director, eligible for re-election, is Mr Alex. Anderson MINING Ngahere.—The Ngahere return for the four weeks ended February 14 was 707 ounces form 225,446 yards worked in 459 hours. Martha Gold.—The following information has been cabled to the London office of the Martha Gold Mining Company (Waihi), Ltd., for the period ended Feoruary 2:—active operations were resumed on January 14 and 2417 tons of ore were crushed for 708 oz of fine gold and 4270 z of fine silver. The low tonnage was through No. 4 and No. 6 shafts undergoing extensive repairs.—(P.S.S.)