COMMERCIAL

Press, Volume LXXXII, Issue 24869, 8 May 1946, Page 8

COMMERCIAL

STOCK EXCHANGES

MODERATE TURNOVER There was a moderate turnover on the Christchurch Stock Exchange yesterday and business was well spread. Price levels on the whole were well maintained with an upward tendency in several stocks. Transactions were as follpws:— Sales on 'Change.—Listed stocks: 100 National Bank of New Zealand, 595; £lOO N.Z‘. Loan and Merc. (ord. stock), £7B: £4OO N.Z. Loan and Merc. (ord. stock), £7B; 75 New Zealand Breweries, 50s; 100 Andersons (Ist pref.), 26s 6d; 50 Broken Hill Pty. (ex div.), 48s 3d; 200 Woolworths (N.Z.) (cum bonus) (ord.). 26s 3d( 100 Mount Lyell, 24s 6d; 62 Milburn Lime. 34s 6d. Sales Reported.—3oo Commercial Bank of Aust, (ord.), 21s 6d; £3OO N.Z. Loan and Merc. (ord. stock). £7B; 100 Refrig. (£1 paid), 345; 100 Christchurch Gas. 275; 200 Aust. Consolidated Industries (late sale Monday), 595; 100 Broken Hill Pty. (ex div.), 48s 3d; 100 Broken Hill Pty. ((ex div). 48s 3d; 100 Broken Hill Pty. (ex div.), 48s 2d; 10 Colonial Sugar (cum div.), £6O 10s; 100 Dominion Fertiliser, 26s 6d; 100 Dominion Fertiliser. 26s 9d. ..... , Sales on ’Change.—Unlisted stocks: 100 Mackintosh, Caley, Phoenix (rights). 12s lod. IATEST QUOTATIONS N.Z. Govt. Debentures: 3 per cent. Ins., 1957-60. £lOO 17s 6d; 2J per cent, war Loan, 1/10/53. b. £96 17s 6d; 3 per cent. Ins.. 1951-54. b. £lOO 10s; 3 per cent. Ins., 1956-59. b. £99 10s; 3 per cent. Ins., 1960-63. b. £99 10s; 3J per cent. Ins.. 1953-57, b. £lO3 Is 6d; Liberty Bonds, b. £1 Is Bd. s. £1 Is 9d. Banks: Comm, of Aust., b. £1 is 4d. s. £1 is 8d: National of N.Z., b. £2 18s 9d. Loan and Agency: Natl. Mortgage "A," b. £3 17s 6d; N.Z. Loan and Merc. (ord. stock), s. £79. Shipping: P. and O: Deferred Stock (cum div.), b. £3 6s 6d. Frozen Meat: N.Z. Refrig. (£1 .paid), b. £1 13s M. S. £1 15s: N.Z. Refrig. <los paid), b. 16s 3d. Woollens: Bonds Hosiery, b. £2 15s; Bruce, b. £1 19s, s. £2; Bruce (pref ), b. £1 10s: Felt and Textiles, b. £3 0s 9d: Kaiapoi (17s paid), b. £1 6s 3d. Gas: Christchurch, b. £1 6s Hd. s. £1 7s. Breweries: Ballins, b. £1 10s 6s. s. £1 12s 4d: New Zealand, b. £2 10s 3d. Miscellaneous: Andersons (Ist pref.), b. £1 6s 6d: Aust. Consol. Industries, b. £2 19s: Beath and Co., b. £2 Is, s. £2 4s: Broken Hill Pty., b. £2 8s 2d. s. £2 9s; Burns, Philp (cum dlv.l. b. £3'l7s; Donaghy Rope, b. £3 12s, s. £3 13s; Electro. Zinc..-b. £3 ss: Electro. Zinc (pref.), b £3 6s 6ch Fletcher Holdings. B. £1 16s 3d s. £1 \7s. Kauri Timber, b £1 12s 6d; Milburn Lime. b. £1.14s 6d; Macduffs (ord ). b. IBs 9d. s. £1: N.Z. Drug Co., b. £5 10s; N.Z. Firm. Co-op. (4J per eent. Stock. 1950). b. £lOl ss; N.Z. Farm. Co-op. (4J per cent. Stock. 1955). b. £lOl ss: N.Z. Paper'Mills (cum dly.). «. £2 2s 3d. Quill. Morrljs (1936). b. £1 12s «d. Reid New Zealand Rubber, b. £1 15s 9d. Held New Zealand Rubber (10s paid), b. £1 4s. s £1 ss: Selfridges (A/asia.l. b. £1 13S 6d; wbolworths (Sydney) (ord.), (cum div), b. £1 6s 6d: Woolworths (N.Z.). (cum bonus), b. £1 6s 3d. s £l.6a 4d. Woolworths (N.Z.) (pref.), b. £2 3a. Woolworths (West Aust.) (cum bonus), b. £5 15s. s. £6 ss. Aust. Mining. Mount Lyell, b. £1 4s 3d. s. £1 ss: Mount Morgan (ord ), s. 8s 9d; Rawang Tin. b Bs. s. 9s. N.Z. Mining: Arahura. b. £1 Ils 9d; Austral (N.Z.). b. 12s 3d, s. 15s, Snowy River, s. 7s.

AUCKLAND _ Sales.— Liberty Loan, 15/6/47-49. 21 per cent (£200), £99 17s 6d; Victory Loan. 15/2/49-50, 2J per cent. (£490), £99 2s; 6d: Victory Loan, 15/2/55-58, 3 P e J cent. (£200) £lOO 2s 6d; Auckland Harbour Board, 9/7761, 41 per cent. (£200), £113: E., S., and A. Bank ( 100), £5 13s; National Bank of New Zealand (100). 395; of New South. Wales (5). £37 ss; Union Bank (81). £9 10s; National Insurance (270), 28s 3d; Loan and Mercantile (£300), £7B; Northern Steam .(184). 12s ~° T “ minion Breweries (100). 658 , ?d. A.C.I. (200), 595; Broken Hill Proprietary (4(»h 48s; Broken Hill Proprietary <*s°), 48s 3d; Fletcher Holdings (100), 36s M; Fletcher Holdings (200), 36s 6d; Northern Roller (pref.) (75),. 275; Peters Ice, Victoria (10s paid) (200). 20s; (166), 365; Reid Rubber (con.) (167), 24s

WELLINGTON Sales.—Late Monday: Ins. Stock, 15/4/4951. 2J per cent. (£1000), £9B 2s 6d: Ins. Stock. 15/2/49-50, 2J per cent. (£355), £99; N.Z. Refrigerating (100), 345; Dominion Breweries (100), 65s 3d; Australian Foundation Investment (1000), 6s Id; Dominion Fertiliser (100), 26s 6d. Yesterday. Ins. Stock, 15/6/47-49, 24 per cent. (£200), £99 17s 6d; lbs. Stock, 3 per ©ent. 15/2/55-58 (£200), £lOO & 6d; Ins Stock, 15/11/57-60. 3 per cent. (£665), £101; National Insurance, ex div. (270), 28s 3d; N.Z. Breweries (75). 50f 3d; N.Z. Breweries (159). 50s 6d (2); Broken Hill Pty., ex div. (200), 48s; Broken Hill Pty., ex div. (500), 48s 3d; Woolworths, Ltd., cum bonus (300), 26s 8d; Wool worths (N.Z.), Ltd., cum bonus (100) ,-- 263 4d. - : • ---

DUNEDIN Sales Reported.—N.Z. Refrigerating cont. (400), 16s 6d (late Monday); BrUce Woollen, ord. (200), 40s; Fletcher Holdings pref. (250), 345; Milburn Lime (62), 34s 3d; Ins. Stock, 1953, 24 per cent. (£5000), £97; Ins. Stock, May. 1953-56, 3 per cent. (£5000),, £101; P. and O. Deferred Stock, (£100), 675; Ins. Stock, 1955-58 (£200). 3 per cent., £100; Ins. Stock. 1957-60 (£2000), 3 per cent., £101; Union Bank (81), £9 10s. The reported sale of Moturoa Oil on Monday should have been preference, not ordinary as stated.

STOCK SALES

RANGIORA Yardings were small in. all sections at the weekly Rangiora stock market yesterday. Prices were as follows: Sheep.—Ewe lambs, 20s; weather lambs, 17s. Cattle.—Dairy cows. £l2 10S; heifers, £l5. Pigs.—Weaners. 12s to 16s; stores, 295. ASHBURTON With a shortage in the entry of prime quality fat sheep, prices at the Ashburton stock market yesterday rose from 3s to 4s a head on recent rates, which have been fairly constant for some weeks. Butchers’ ewes ranged up to 20s for light quality, from 23s to 25s for medium, and from 26s to 29s lOd for prime quality. Two-tooth ewes sold from 27s 4d to 36s 3d. The top price for wethers (49s Id) was unusually high, and several lots went above the 45s mark. Fat ambs of light weight brought from 22s 6d. mediums from 25s to 31s, and heavy stock as high as 37s 6d. The only entry in the cattle pens, a fat cow, sold for £l2 7s 6d. LORN EVILLE (P.A.) INVERCARGILL. May 7. There were smaller entries of sheep at Lorneville to-day, but cattle showed a considerable increase. Wet weather affected the attendance of buyers. Fat sheep.—The entry of 750 was 140 lower than last week, and consisted almost wholly of wethers, most of which were only medium and inferior. Ewes were in very short supply, and were mostly of freezing quality only. Compared with last week, wethers were firmer by about 2s a head, but ewes were almost unchanged. Good quality wethers made 42s 6d to 455; mediumweights, 39s to 41s; light-weights. 35s 6d to 375; unfinished sorts, 32s 6d Io 33s 6d; fair quality ewes, 22s 6d to 245; light-