COMMERCIAL

Press, Volume LXXXII, Issue 24866, 4 May 1946, Page 8

COMMERCIAL

STOCK EXCHANGES

MARKETS CLOSE ON FIRM NOTE The share market closed the week oh a firm note., and business was well spread. There was strong buying support for Government loans, but few declared sellers. ’ Sales on ’Change;—Listed stocks: 151 National Bank of N.Z., *sBs 6d; 100 Bruce Woollens (ord.), 40s; 100 Christchurch Gas (fully paid), 275; 100 Christchurch Gas, 275; 100 Christchurch Gas (10s paid), 13s 3d; 145 Christchurch Gas (10s paid), 13s 3d; 100 Mount Lyell, 255. Sales Reported.—Listed stocks: 100 National Bank of N.Z., 58s 6d; 15“ Union Bank of Australia, £9 10s; 100 HuddartParker (ord.), 71s 9d; 400 Northern Steamship, 12s 6d; 250 Bruce Woollens (ord.), 40s; 400 Bruce Woollens (ord ), 40s; 200 Ballins • Breweries, 31s 4d; 100 Ballins Breweries, 325; 200 Australian Consolidated Industries (late sale Thursday), 595; 2000 Australian Foundation Invest, 6s Id; 20 Colonial Sugar (late sale Thursday) (cum div.), £6O ss; 10 Colonial Sugar (late .sale Thursday) (cum div.), £6O ss; 200 Silknit, 31s; 100 Silknit, 31s; 200 Silknit, 31s lid; 100 Silknit, 31s 2d; 200 Silknit, 31s; 100 Mount Lyell, 255; £2OO N.Z. Loan and Mercantile (ord. stock), £7B.

LATEST QUOTATIONS N.Z. Government Debentures.—3 p.c. Inscr., 1957-60, b. £lOO 17s 6d, s. £101; 2i p.c. Inscr., 1946, b. £lOO 10s; 2J p.c. Inscr., 1947, b. £99 12s 6d; 2J p.c, Inscr., 1948, b. £lOO ss; 2| p.c. Inscr., 1947-49, b. £99 15s; 2) p.c. Inscr., 1949p50, b. £99; 2 J p.c. Inscr., 1949-51, b. £97 15s; 2J p.c. Inscr, 1950-51, b. £9B 7s 6d; 2J p.c. War Loan, 1953, b. £9B 15s; 3 p.c. Inscr., 1946-48, b. £100; 3 p.c. Inscr., 1951-54, b. £lOO 7s 6d; 3 p.c. Inscr., 1952-55, b. £lOO 17s 6d; 3 p.c. Inscr., Dec., 1953-56, b. £lOO 15s; 3 p.c. Inscr.. 1955-58, b. £lOO, s. £l6O ss; 3 p.c. Inscr.,' 1956-59, b. £99 7s 6d; 3 p.c. Inscr., 1960-63, b. £99 7s 6d; 3j p.c. Inscr., 1953-57, b. £lO3 ss; 3) p.c. Inscr., 1960, b. £lO3 10s; 4 p.c. Inscr., 1948, b. £lO3 10s; 4 p.c. Inscr., 1949-52, b. £lO4 ss; 4 p.c. Inscr., 1949-52, b. £lO6 10s; 4 p.c. Inscr., 1952-55. b. £lO7 ss; 4 p.c. Inscr., 1954-58, b. £lO7 ss; Liberty Bonds, ’b. £1 Is 6d; Wool Bonds, 1/2/48, b. £1 Is sd, s. £1 Is 8d; Wool Bonds, 1/2/49, b. £1 Is 2d. Banks.—Australasia, b. £IQ 3s; Comm, of Aust.,, b. £1 Is 3d; Comm, of Aust, (pref.), b. £ll 7s 6d; National of A’asia. (£lO paid, cum div.), b. £l4 12s; National of N.Z., b. £2 18s 6d; Union of Aust., b. £9 Bs, s. £9 10s.

Insurance.—National (ex div.), b. £1 Bs. Loan and Agency.—Christchurch Building, b. £22; Dalgety and Co. (cum div.), s. £10; Goldsbrough, Mort., b. £1 13s 9d; Invincible Building, b. £5 ss; Mutual Benefit, b. £l9 10s; National Mortgage A, b. £3 17s 6d; National Mortgage B, b. £2 2s 6d; N.Z. and River Plate (ord. stock), b; 19s 6d; -N.Z. Guarantee Corpn., b. 4s 6d; N.Z. Loan and Merc, (ord stock), s. £7B; N.Z. Loan and Merc. (pref.),"b. £1 IQs; United Building, b. £1 ss; Wright, Stephenson, b. £1 8s 6d. Shipping.—Huddart-Parker, b. £3 10s 6d; Huddart-Parker (pref.), b. £1 13s 9d; Northern, b. 12s; P. and O. Deferred Stock (cuth div.), b. £3. 6s 6d; Union (pref.), b. £1 14s. Frozen Meat. —Canterbury, b. £l5: Canterbury (pref.), b. £8 12s 6d; N.Z. Refrig. (£1 paid), b. £1 13s 6d; N.Z. Refrig. (10s paid), b. 16s Id; North Cant. Freezing (pref.), b. £1 3s; Southland, s. £3 2s 6d. Woollens.—Tattersfield, b. £2 2s; Bonds Hosiery, b. £2 14s 9d; Bruce, b. £1 19s. dd, s. £2 0s 3d; Bruce (pref.), b. £1 10s; Felt and Textiles, b. £3 0s 9d; Kaiapoi (17s paid), b. £1 6s 3d; Kaiapoi (con., fully paid), b. £1 6s; Kaiapoi (pref.), b. £1 6s 6d; Manawatu, b. £2 Ils; Oamaru (ex div.), b. £1 12s; Timaru, b. £1 3s; Wellington, b. £lO ss; Wellington (pref.), b. £lO ss. Coal.—Kaitangata, b. £1 2s, s. £1 6s; Westport, b. £1 5s 6d. Gas.—Christchurch, b. £1 6s lid, s. £1 7s Id; Christchurch (10s paid), b. 13s, s. 13e 4d; Timaru, b. 15s, s. 16s 3d; Wellington, b. £1 14s 6d. Breweries.—Ballins, b. £1 Ils 6d; New Zealand, b. £2 10s. s. £2 10s 6d; Tooheys, b. £1 16s.

Miscellaneous.—Andersons (pref.), b. £1 5s 10d: Anthony Hordern, b. £1 3s; Aust. Con. Industries, b. £2 18s 9d, s. £3; Aust. Found. Invest., b. 6s, s. 6s 3d; Aust. Iron and Steel (pref.), b. £1 15s; Beath and Co., b. £2 Is 6d, s. £2 3s 6d; Booth, Macdonald, b. Is 6d, s. 2s; Booth, Macdonald (pref.), b. 10s, s. 12s; British Tobacco, s. £2 17s; Broken Hill Pty. (ex div.), b. £2 8s; C.F.C.A., b. £1 5s 6d; C.F.C.A. (pref.), b. £2 Ils 6d; Cant. Roller Flour, b; 13s; Colonial Sugar, b. £6O, J. £6l; Con. Brick, b, 10s 4d, s. 10s 6d; Cribb and Foote, b. 16s, s. 19s; Dental and Medical, s. £1 12s 6d; Dom. b. £1 6s 3d; Donaghy Rope, b. £3 12s, s. £3 13s; D.1.C., b. £1 5s 6d; D.I.C. (pref.), b. £1 8s 6d; Dunlop Rubber, s. £1 10s 6d; Electro. Zinc (pref.), b. £3 6s 6d; Fletcher Holdings, b. £1 15s; Frozen Products, b. £1 Is 6d; G. J. Coles, b. £4; Griffin and Sons, b. £2 10s; Hay’s, Ltd., b. £3; Hay’s, Ltd. (con.), b. £2 Ils; Farmers’ Trading (cum div.), b. £1 Ils; Herald and Weekly, b. £3 12s; Hume Pipe, b. £1 3s; 1.C.1., Aust. and. N.Z. (pref.), b. £1 7s; Metters (N.Z.), b. £1; Milburn Lime, b. £1 14s 3d; Millaquin Sugar, b. £2 13s; <M.K. Manufacturers, b. 9s; Mort’s Dock, b. £1 12s; Macduffs, b. 18s 9d, s. £1; Macdulfs (pref.), s. £1 8s; McLeod Bros., b. £26 10s; N.Z. Drug Co., b. £5 12s 6d; N.Z. Farmers’ Co-op. (Ist pref.), b. £5 15s; N.Z. Fanners* Co-op. (A pref.), b. £4; N.Z. Farmers’ Co-op. (4J per cent., 1950), b. £101; N.Z. Farmers’ Co-op. (4i per cent. Stock, 1955), b. £101; N.Z. Farm. Fertiliser, b. £1 8s; N.Z. Forest Products, b. 5s lOd, s. 6s 2d; N.Z. Newspapers (cum div.), b. £2 7s 3d; N.Z. Paper Mills (cum div.), b. £2 Is; Niven and Co., b. £1 7s 9d; Otago Daily Times, b. £2 14s; Quill, Morris, b. £1 12s; Radio, b. £1 3s 6d, s. £1 ss; Reid Rubber, s. £1 16s; Reid Rubber (10s paid), b. £1 3s 3d, s. £1 ss; Selfridges, b. £1 13s; United Provisions, b. £1 Is; Union Theatre (pref.), s. £1 12s 6d; Weeks, b. £l2 15s, s. £l3 15s; Whitcombe and Tombs, b. £8; Wilson’s Cement, b. 18s 3d, s. 19s 2d; Woolwortbs (Sydney) (ord., cum bonus), b. £1 6s 0d; Woolworths (N.Z.) (cum bonus), b. £2 3s 6d; Woolworths Properties, b. £1 13s; Woolworths (W. Aust.) (cum bonus), b. £5 17s 6d; W. R. Carpenter, b. £2 7s; W. R. Cooke and Son, b. 7s 6d. Overseas Listings.—Wool worths (South Africa), b. £2 ss. Australian Mining.—Bulolo, s. £7 15s; Emperor Fiji, b. 18s 4d, s. 19s 3d; Loloma, b. £1 7s; Mount Lyell, s. £1 ss; Mount Morgan, b. Bs, s. 8s 9d; New Broken Hill, s. £1 17s 6d; North Broken Hill, b. £3 3s; Placer Development, b. £5 12s 6d. N.Z. Mining.—Austral-N.Z., b. 12s, s. 15s; Blackwater, b. 15s 9d; Grey River, b. 10s. s. Ils; Kanieri. b. £1 2s 9d: Martha, s. 9s 9d; Ngahere, b. 10s 3d, s. Is; Ngahere (deferred), b. 6s 2d; Slab Hut, b. 2s, s. 2s 3d; Snowy River, b. 6s 6d, s. 7s; Waihi Investments, s. 7s Bd. Unofficial List.—Avon Metal, b. 10s 3d; Amalgamated Batteries, b. 20s 9d; Amalgamated Batteries (pref.), b. .20s; Harley Chambers, b. 20s 6d; Harley Chambers (pref.), b. 235; Christchurch Press, b. £ll 10s; Felt and Textiles of N.Z., b. 47s 6d, s. 50s; Mackintosh, Caley, Phoenix, b. 38s; Mackintosh, Caley, Phoenix (15s paid), s. 41s; Prudential Building, b. 20s; Prudential Life, s. 32s 6d; Scales C (pref.), b. 3s; Selfridges (N.Z.) (con.), s. 14s 9d; Taramakau (5s paid), b. 6s 3d; Turnbull and Jones (10s paid), b. 18s, s. 18s 6d; Turnbull and Jones (pref.), s. 255; Victoria Mansions, b. 26s 6d; Whakatane Paper, b. 5s 2d; Whakatane Paper (pref.), "b. 20s.

AUCKLAND Sales.—War Loan, 1/10/53, 2J p.c. (£450), £96 17s 6d; Liberty Loan, 15/9/52-55, 3 p.c. (£400), £100; Stock (Bank of N.Z.), 15/11/57-60, 3 p.c. (£430), £lOO 17s 6d; N.Z. River Plate (100), 21s; Howard Smith (249), 27s 3d; Huddart Parker (200-), 71s 6d; Union Steam (pref.) (350), 33s 9d; Bartholomew (100), 27s 6d; Fletcher Holdings (305), 35s 9d; Hume Pipe (100), 23s 3d; Moturoa Oil (pref.) (500), Is 9d; McKenzies (350). 665; Silknit (N.Z.) (300), 31s; Wool worths (N.Z.) (196), 26s 2d; Martha (200), 8s 6d. Unlisted: Felt and Textiles (N.Z.) (100), 47s 6d.

WELLINGTON Sales.—Late Thursday: Dalgety and Co. (cum- div.) (25). £9 15s; A.C.I. (200). 595; Colonial Sugar (cum div.) (10), £6O ss; (20), £6O ss; McKenzies (150), 665. Unofficial list: Mackintosh, Caley, Phoenix (rights) (300), 13s lid; Turnbull and Jones (pref.) (200), 14s 9a (two sales). Yesterday: N.Z. Govt. Stock, 15/5/49-52. 4 p.c. (£500). £lO4 10s; N.Z. Forest Products .(pref.) (200), 10s; Bruce Woollen (650), 40s (three sales); Bartholomew Timber (200), 27s 6d; Moturoa Oil (pref.) (586). Is 9d: Woolworths (N.Z.) (cum bonus) (196), 26s 2d; McKenzies (100), 665: Anthony Hordern (100), 245; Mount Lyell (100). 255.

DUNEDIN Sales Reported.—Silknit (N.Z.) (100), 31s; Dunedin Brewery (200), 335; N.Z. Govt. Stock, 1957-60, 3 p.c. (£930), £101; Anthony Hordern (100), 245.

STOCK SALES

OXFORD There was a yarding of 2890 head at the Oxford sale, which was considered a very good one. Sales were:—R. E. Adair, 10 ewes at 16s Id, 39 lambs at 28s lOd, 59 lambs at 24s 4d, 60 lambs at 29s 3d; S. Dailey, 10 ewes at 19s 4d. 30 lambs at 28s 7d; N. Fisher, 14 ewes at 19s 4d. 6 ewes at 15s 7d; A. Palmer, 22 ewes at 18s lOd, 25 lambs at 29s lOd, 20 lambs at 30s Id; R. C. Taylor, 10 lambs at >2os Id, 7 wethers at 25s lOd, 7 ewes at 14s; C. E. Brown, 52 lambs at 26s Id; H. C. Urlwin, 31 lambs at 24s lOd; I. D. Constable, 34 lambs at 29s 4d; C. S. Stubbs, 34 lambs at 29s 4d; H. Feary, 40 lambs at 30s 4d to 32s 4d; W. Mcllwraith, 57 lambs at 26s lOd; L. J. McKeage, 70 lambs at 29s 4d; Miss I. A. McGillivray, 112 lambs at 27s 7d; T. Doody. 69 lambs at 26s 4d; O’Halloran Estate, 166 lambs at 22s 4d; C. W. Taylor, 36 lambs at 26s 7d; N. G. Dailey. 17 lambs at 27s Id, 21 ewes at 18s Id; R. Garlick, 44 lambs at 27s 7d to 29s Id; W. E. Knowles, 40 lambs at 26s 7d; T. H. Gilchrist, 38 lambs at 31s 4d. 62 lambs at 35s (top price), 45 ewes at 18s 7d; 8. C. Skurr, 18 lambs at 29s lOd, 8 «MB M XTs k W. Xte*, M lambs at

28s 4d to 31s lOd, 15 ewes at 20s Id; G. Campbell, 39 lambs at 29s Id; Mrs I. M. Southgate, 46 lambs at 23s lOd; T. P. Reed, 114 lambs at 27s 4d, 42 ewes at 17s 4d; N. W. Skurr, 53 lambs at 27s lOd; J. J. Skurr, 110 lambs at 28s Id to 30s 7d; Mrs E. C. Powell, 39 lambs at 26s Id, 28 ewes at 20s Id; D. W. Clark, 2 lambs at 30s 7d and 2 lambs at 375; estate of A. Meyers. 23 ewes at 17s 4d. 44 lambs at 21s, 3 wethers at 21s 9d; estate of A. Henderson, 46 lambs at 25s 4d, 4 ewes at 16s 7d. 1 wether at 17s 4d; A. J. Wotherspoon, 153 lambs at 23s 4d, 113 at 29s 7d, 23 ewes at 20s lOd. 10 at 23s Id; N. Meldrum, 61 ewes at 20s 4d; A. Titheridge. 90 lambs At 28s 4d, 16 ewes at 16s 7d; Mrs H. Luers. 7 ewes at 15s lOd, 25 wethers at 22s Id to 25s 4d; C. C. Anderson, 116 lambs at 28s lOd; C. Gamble, 122 lambs at 24s 4d; J. M. Pickering. 73 lambs at 30s 7d; G. Bitmead. 35 lambs at 27s 7d.

RANGIORA HORSE FAIR A fairly good clearance pf the 60 horses offered was made at the monthly Rangiora horse fair yesterday. The horses were of a better class than has been yarded for some time. Top price for draughts was £l9, and other good draughts made from £8 to £l4. Hacks brought from £5 to £l2. TINWALD Every pen of station cattle entered for the annual sale at Tinwald yesterday was sold by auction at satisfactory prices. There was a good attendance of buyers, some of whom attended from places outside the Ashburton County. The entry approached the 500 mark, and comprised a mixture of calves and adult cattle from stations at Mount Somers. Surrey Hills, and Ashburton Forks. A variety of breeds was offered. Prices were as follows:—store cows, £4 15s to £8 ss; yearling steers, £6 to £8 15s; 18 months steers, £8 5s to £l2 IQs; calves, £4 10s to £7 15s. MINING Arahura-Kanierl Dredges.—The two units of Gold Mines of New Zealand, Ltd.,, last month won a total of 2415 ounces of gold. Kanieri ’ran 445 hours, treating 227,000 yards for a recovery of 1153 ounces, and Arahura won Utt ounce! from 389,000 yards te 4» teflte