COMMERCIAL

Press, Volume LXXXII, Issue 24882, 23 May 1946, Page 6

COMMERCIAL

STOCK EXCHANGES.

GOOD TURNOVER ON FIRM MARKET

Markets on the whole continued firm on the Christchurch Stock Exchange yesterday, and there was a good turnover with the bulk of the dealings in Government loans and industrials.

Transactions included:— . . , Sales on ’Change.—Listed stocks: £645 N.Z. Govt. 3 p.c. Stock, 1957-60. £99 15s; £750 N.Z. Govt. 3 p.c. Stock, Dec., 195356, £lOl 7s 6d; 165 W. R. Cooke and Son, 88 Sales Reported.—Listed stocks:£Boo N.Z. Govt. 3 p.c. Stock, 1955-58, £lOO 7s 6d; £6OO N.Z. Govt. 3 p.c. Stock, 1956-59, £99 17s 6d; 150 National Bank of N.Z., 60s 6d; 10 Bank of New South Wales, £3B 10s; 200 Westport Coal (ex div.), 255; 500 Christchurch Gas (fully paid), 275; 200 Aust. Foundation Investment (late sale Tuesday), 6s 3d; 162 Beath and Co. (Is paid), Ils (odd parcel); 10 ColonialJSugar, £6O; 50 N.Z. Drug Co., £5 14s; 1000 Mt. Morgan (ord.), 8s 3Jd. Unlisted stocks: 100 Turnbull and Jones (10s paid), 18s 7d.

LATEST QUOTATIONS N.Z. Govt. Debentures: 2i p.c. laser., 15/9/47, b. £99 15s; 3 p.c. Inscr., 15/12/5356, b. £lOl 7s 6d, s. £lOl 10s; 31 p.c. Inscr., 15/1/56-59, b. £lO2 10s; 4 p.c. Inscr., 31/5/54-58, b. £lO7 12s 6d, s. £lOB 7s 6d. Banks: Australasia, b. £lO 8s; Comm, of Aust, (pref.), b. £ll 17s 6d; E., S., and A., b. £6; New South Wales, b. £3B ss. Loan and Agency: Goldsbrough, Mort., b. £1 13s 6d; Invincible Building, b. £5 7s 6d. s. £6 ss; National Mortgage (B), b. £2 3s 3d; N.Z. Farmers’ Co-op. (Ist pref.), b. £5 17s 6d. Shipping: Huddart Parker (pref.), b. £1 14s. Vm Meat: Canterbury, b. £l5 15s, s. £l6 10s; Canterbury (pref.), b. £8 15s; N.Z. Refrig. (10s paid), b. 17s 3d; North Canty, (pref J, b. £1 3s. Woollens: Bruce, s. £2 0s 3d; Mosgiel, b. £l5; Timaru, b. £ 13s 6d; Wellington, s. £lO 15s; Wellington (pref.), b. £lO 10s; Bruce (pref.), b. £1 10s. Breweries: Ballins, b. £1 10s, s. £1 13s 6d. Miscellaneous: Aust. Found. Invest., b. 6s Id, s. 6s 3d; Beath and Co., s. £2 2s; -Booth, Macdonald, b. Is 6d, s. 2s 6d; Booth, Macdonald (pref.), b. Us 9d, s. 12s 3d; Broken Hill Pty., b. £2 10s 6d. s. £2 10s 9d; Colonial Sugar, b. £6O, s. £6O ss; Electro. Zinc (pref.), b. £3 7s; General Industries, b. £1 6s 6d; 1.C.1. (A. and N.Z.) (pref.), b. £1 7s 6d; Kauri Timber, b. £1 13s; K.D.V. Boxes, b. 11s 6d, s. 12s 6d; Metters (N.Z.), b. £1 6s 3d; Millaquin Sugar, b. £2 13s 9d, s. £3 2s 6d; Macduffs, b. £l, s. £1 0s 3d; Macduffs (pref.), b. £1 7s, s. £1 7s 9d; N.Z. Drug, b. £5 13s 6d, s. £5 14s 6d; N.Z. Forest Products, b. 5s 6d, s. 5s 7d; United Provisions, b. £1 Is 6d: Woolworths (ord., c. bonus), b. £1 7s 9d, s. £1 9s 3d; Woolworths (N.Z.) (ord., c. bonus), b. £1 7s 3d. s. £1 8s 3d; Woolworths Properties, s. £1 13s 6d. Overseas Listings: Woolworths (S. Africa), b. £2 10s. Aust. Mining: Mt. Morgan, b. 8s 3d, s. 8s 6d; North Broken Hill, b. £3 4s.

Sales.—lns. Stock, 15/5/48, 2J per cent. (£300), £99 10s; Ins. Stock, 15/6/47-49,2j per cent. (£690), £100; Ins. Stock, 15/2/4950, 2j per cent. (£345), £99 ss; Ins. Stock, 15/2/55-58, 3 per cent. (£450), £lOO ss; Ins. Stock, 15/11/57-60, 3 per cent. (£500), £99 12s 6d; National Savings, 27/3/47 ( 200), £97 2s 6d; National Savings, 10/4/48 (100), £94 ss; Auckland Harbour Board, 10/6/59, 4J per cent. (£200), £ll2 ss; Commercial Bank of Australia (400), 22s 3d; National Bank of New Zealand (100). 60s 6d; Bank of New South Wales (15), £3B ss; National Insurance (300), 28s 6d; N.Z. Insurance (25), £5 ss; South British Insurance (75), 91s 6d; North Auckland Farmers (B pref.), (500), 19s 6d; Renown (ord.) (400), 10s 6d; Howard Smith (100), 275; Huddart Parker (50), 71s 9d; Dominion Breweries (75), 64s 9d; Colonial Sugar (10). £6O; Electro. Zinc (100), 66s 6d; Macduffs (ord.) (300),, 20s; Milne and Choyce Deb. (100), 38s; Moturoa Oil (300), 2s 6d; Moturoa Oil (pref.) (100), 3s 3d; Forest Products (180), ,5s 6d; Silknit (N.Z.) (200), 32s 6d; Tafranaki Oilfields (200), 2s 6d; Taranaki Oilfields (500), 3s; Wilson’s Cement (500), 19s 3d; Woolworths (N.Z.) (150), 27s 4d; Woolworths Properties (100), 33s 6d; Emperor (50), 19s; New Occidental (100), 13s; Mount Morgan (320), 8s 2d.

WELLINGTON Sales.—Late Tuesday: National Bank of New Zealand (250), 60s 6d; Ross and Glendining (800), 44s 3d (unlisted). Yesterday: Inscr. Stock, 15/6/47-49, 21 p.c. (£200), £100; Inscr. Stock, 15/4/56-59, 3 p.c. (£450), £99 15s (2); Inscr. Stock, 15/2/5558, 3 p.c. (£300), £lOO 7s 6d; Inscr. Stock, 15/5/48, 21 p.c. (£290), £99 ss; Inscr. Stock, 15/6/47-49, 2} p.c. (£690), £100; Inscr. Stock, 15/2/49-50, 2J p.c. (£345), £99 ss; Inscr. Stock, 1/8/51-54, 3 p.c. (£450), £lOO 15s; Inscr. Stock, 15/12/53-56, 3 p.c. (£750), £lOl 7s 6d; Inscr. Stock, 15/2/49-52, 4 p.c. (£2480), £103; Wellington Wool (ord.) (30), £lO 10s; Moturoa Oil (pref.) (200), 3s 3d (2); Taranaki Oilfields (100), 2s 6d; Woolworths (N.JZ.), Ltd. (cum bonus) (100), 27s 3d; Woolworths (N.Z.), Ltd. (100), 27s 3d; Inscr. Stock, 15/9/52-55, 3 p.c. (£710), £lOO 5s (2). DUNEDIN Sales Reported.—Clutha River (500), 3s 7d; Bank of Australasia (10), £lO 6s 6d; Wilson’s Cement (500), 19s 4d; Woolworths. Ltd. (250), 27s 6d; Comm. Bank (ord.) (200), 22s 3d; N.Z. Refrigerating (con.) (300), 17s 3d; Mackintosh, Caley, Phoenix (old issue), (203 paid) (250), 38s (unlisted).

COMPANY NEWS Dental and Medical.—The trading profit of the Dental and Medical Supply Company, Ltd., for the year ended March 31, was £15,253, less taxation £ll,OOO, making a net profit of £4253, compared with £3498 the previous year. With £2585 brought forward from last year, there is a credit balance of £6838. A dividend of 6 per cent, (compared with 5 per cent.) requires £3467, and leaves £3370 to carry forward. Taxation reserve stands at £ll,OOO, compared with £8570 last year. Stocks are shown at £32.793. against £34,489 a year ago.—(P.A.) Farmers’ Trading.—The directors of the Farmers’ Trading Company will recommend an ordinary dividend of 5 per cent., the same as in recent years, payable on June 27.—(P.S S.)