COMMERCIAL

Press, Volume LXXXII, Issue 24983, 18 September 1946, Page 8

COMMERCIAL

STOCK EXCHANGES PRICES IRREGULAR There was a moderate turnover on the Christchurch Stock Exchange yesterday, with the bulk of the dealings being in industrials and chain stores. Price movements were irregular. Sales on ’Change.—Listed stocks: £3065 N.Z. Government. 3 per cent. Stock# 1960-63, £lOO 15s; 100 New Zealand Breweries, 555; 200 Woolworths (Sydney) (ord.), (cum div.), 26s 6d; 200 Wool-worths-(Sydney) (ord.) (cum div.), 275. Sales Reported.—Listed stocks: 200 Commercial Bank of Australia (ord.), 225; 100 New Zealand Insurance, £5 4s 6d; 12 Dalgety and Co., £9 7s 6d; 100 New Zealand Breweries, 555; 100 Broken Hill Pty., 46s 6d; 200 Woo]worths (Sydney) (ord.) (cum div.), 275; 100 Emperor Fiji, 19s 3d; 100 Arahura, 31s. Latest Quotations N.Z. Govt.: 24 per cent. Ins., 15/5/48, b. £lOO 2s 6d; 3 per cent. Ins., 15/4/56-59, b. £lOO 15s; 3 per cent. Ins., 15/4/60-63, b. £lOO 15s; 4 per cent. Ins., 30/11/48, b. £lO3 ss; 4 per cent. Ins., 15/5/49-52, b. £lO4 ss; 4 per cent. Ins., 15/6/52-55, b. £lO6. Banks: Comm, of Aust., s. £1 2s 3d; National of N.Z., s. .£3 3s. Insurance: National, b. £1 Bs, s. £1 9s; New Zealand, b. £5 3s, s. £5 ss. Loan and Agency: C.F.C.A. (ord.), b. £1 5s 6d; Dalgety, b. £9 7s 6d; Goldsbrough, Mort, s. £1 14s 6d; N.Z. Farmers’ Co-op. (“B” pref.), b. £4 2s 6d; Permanent Investment, s. £l2; United Bldg, (cum div.), s. £1 5s 6d. Shipping: Northern, b. 12s 3d. s. 12s 9d; Union (pref.), b. £1 13s 9d. Frozen Meat: N.Z. Refrig. (£1 paid), s. £1 13s 9d; South Otago (cum div.), b. £6 15s. Woollens: Felt and Textiles of N.Z., b. £2 18s; Kaiapoi (17s paid), o. £1 4s 6d, s. £1 6s; Kaiapoi (pref.), s. £1 7s. Gas: Christchurch (10s paid), b, 12s 6d. Breweries:-Ballins, b. £1 Ils 6d, s. £1 12s 3d; New Zealand, b. £2 15s, s. £2 15s 3d; Tooths, b. £3 Bs, s. £3 10s 6d. Miscellaneous: Andersons (pref.), b. £1 5s 3d, s. £1 7s; Beath and Co., s. £2 7s 6d; Broken Hill Pty., b. £2 6s 6d, -s. £2 7s 6d; Claude Neon (N.Z.), s. £2 8s 6d; Colonial Sugar, b. £5B 15s, s. £6O 10s; Electro. Zinc (ord.), s. £3 9s; Electro. Zinc (pref.), b. £3 ss, s. £3 9s 6d; Herald and Weekly, b. £3 17s 6d; Henry Jones, b. £3 0s 6d; Macduffs, b. £1 7s 3d, s. £1 8s; McKenzies, s. £3 6s 6d; N.Z. Express, b. Ils; N.Z. Forest Products, b. 5s 2d, s. 5s lid; Reid Rubber, b. £1 Ils Id; Selfridges, s. £2 3s 6d; Victoria Nyanza, s. 14s; Whitcombe and Tombs, s. £9 2s 6d; Woolworths (ord.) (cum div.), b. £1 7s; Woolworths (N.Z.) (ord.), b. £1 6s 6d; W. R. Cooke and Son, b. 14s 6d. Overseas Listing: Wool worths (South Africa), s. £2 10s. Aust. Mining: Emperor, b. 19s. Mining: Arahura, s. £1 Ils 6d; Associated Gold, s. 2s 6d. AUCKLAND Sales.—lnscr. Stock. 15/9/52-55, 3 p.c. (£250), £99 12s 6d; Inscr. Stock, 15/12/5356, 3 p.c. (£850). £lOO 7s 6d; Inscr. Stock. 15/2/55-58, 3 p.c. (£335), £99 15s; Inscr. Stock, 15/11/57-60. 3 p.c. (£3530), £lOO 10s; South British Insurance (100), 89s 6d; Felt and Textiles (Aust.) (ex div.) (100). 61s 6d; Felt and Textiles of N.Z. (50), 595; Felt and Textiles of N.Z. (250), 60s; N.Z. Breweries (50), 555; A.C.I. (200), 58s 6d; Booth Macdonald (pref.) (200), Ils lOd; Broken Hill Pty. (225), 475; Farmers’ Trading (200), 33s 3d; M.K. Manufacturers (400), Ils; J. J. Niven (100), 355; Reid Rubber (100), 31s 6d; Woolworths (Syd.) (100), 275; Arahura (100). 31s. Unlisted: Korma (pref.) (200). 13s lid; People’s Pictures. New Plymouth (216), 50s. WELLINGTON Sales.—Late Monday: Inscr. Stock, 15/9/47. 21 p.c. (£300). £99 12s fid: Inscr. Stock, 15/5/48, 24 P.C. (£500), £lOO 2s 6d; National Bank of A’asia. (£lO paid) (10). £l5 2s 6d; National Bank of A’asia. (£5 paid) (25), £7 12s 6d; N.Z. Express (200). Ils 9d; Hume Pipe (cUm div.) (100), 24s 6d. Yesterday: N.Z. Express (ex div.) (200), 12s; Farmers’ Trading (200), 33s 6d; National Electric (200). 435; Wilson’s Cement (1200), 19s; Inscr. Stock. 15/4/50-51. 24 p.c. (£1500), £99 10s (2); Felt and Textiles of Aust, (ex div.) (100), 61s 6d: N.Z. Breweries (200, 50, and 50), 555; National Electric (100), 435; G. J. Coles (200), 87s 6d; Inscr. Stock, 15/6/47-49, 24 p.c. (£500), £lOO. DUNEDIN Sale on ’Change.—N.Z. Loan and Mercantile (ord.) (£100), £B3. Sales Reported.—N.Z. Breweries (100), 54s 9d (late Monday); N.Z. Breweries (200), 55s (late Monday); Macduffs (ord.) (100), 28s 3d (lato Monday); Waitahu Gold Mining (1000), 64d (late Monday); National Insurance (100), 28s 9d; Inscr. Stock, 196063. 3 p.c. (£610), £lOO 15s; Dalgety and Co. ‘(12), £9 7s 6d> National Electric (400), 435; Macduffs (ord.) (330), 28s 3d: N.Z. Breweries (100), 55s 3d; Martha Gold (400), 8s; Waihi Investments (400), 7s 6d.

STOCK SALES RANGIORA No cattle were offered at the weekly Rangiora stock market yesterday, but there were fair yardings in the other sections. Prices were as follows; Sheep.—Ewes and lambs, 15s lid to 19s; hoggets, 31s. Pigs.—Weaners, to 295; slips, to 48s. TINWALD The smallest yarding for some weeks was entered at the Tinwald stock sale yesterday. Prices for prime quality lines were slightly in advance of last week’s values, while other prices were firm at late rates. Fat ewes brought up to 20s for lightweights, up to 24s for medium grade, up to 27s 6d for good quality, and up to 34s 4d for prime heavy quality. E. C. and H. White (Eiffel ton) sold five at this price. Wethers realised up to 34s for lightweights, up to 37s for medium lines, up to 39s 6d for good quality, and up to 46s 7d for prime heavy-weights. The estate °£ S'. Hood (Mount Somers) sold five at this price. Fat cows brought from £5 17s 6d to £9 17s 6d, and dairy cows sold at £l2 10s (third calver), £l2 5s (second calver), and £8 10s (fifth calver). TEMUKA ‘ The Press " Special Service A t TIMARU, Sept. 17. Average entries were forward for the stock sale held at the Temuka saleyards. About 80 head of fat cattle, two average races of fat sheep, several pens of store *l nd a l? rge ent . r y of Pfcs. comprised the yarding. Butchers were holding supplies of fat cattle, and prices were easier by about £2 a head. Competition was also on the slack side for fat sheep InH U H S ai reCedl £ g by i ully 25 a head - Store a P d dairy ca ttle made late rates, and little "d 8 - notlced in the store sheep market. Prices were:— Cattle.—Best steers, £lB to £2l 17s £ d ’ m edium £l5 to £l7 17s 6d, light £l2 £ls d 14 17 Hi 6d: b^ St heifers . £l2 to iT/u* 1 L S o 6d ' medium £ll to £ll n s 6d 17S 6d ’ beSt COWS £ll to £6 4 to S It iTtt I"’' 1 "’'* 9 ‘° £l ° 175 6d ’ llght Cattle.—Yearling steers to £6 £6 17s 3 6d. SleerS 10 £l ° : empty cows to £l ° *» to 25s Yod, light°lBf S ti°22s r 4d dlUm 6d and lambs ’ a " counied -

LORNKVILUE ■ (P.A.) INVERCARGILL. September It ■ High prices were secured for at the Lorneville sale. Supply was injWM ficient to meet the demand, and «■_• B little outside competition bidding wM w’B ceptionally keen. Values Showed provement of from £2 to £3 a MMffgg yiose ruling at last week’s sale. An w* H provement of 2s a head was shown “« prices for fat wethers. , nM iW| The quality of fat cattle yarded was Ip" ji but the number forward was not ■ for local requirements. Good VWB heavy-weight cattle made £26 good quality medium £23 to £25. mw B weights £2O to £22 10s, light-weights ■ 10s to £lB 10s; good quality weight cows £l9 10s to £2l lOS,.gMSI £l6 10s to £lB, average £l4 » "JB aged and unfinished £lO 10s to quality medium-weight heifers ■ to £l9, handy-weights £l6 to £l7. B weights £l5 10s down to £l4 lw- IMI , ■ Fat Sheep.—The full entry of equaJJJ ■ portions of ewes and wethers was raow M of good quality Compared wiw week wethers were 2s a head Good quality medium-weight . S made 43s 6d to 68s. handy-weignw to 41s 6d, light-weights 36s to Mil IBM quality young ewes 26s 9d to 28s, Keevr gj weight 26s to 28s 6d. medium-weww® 25s to 265. unfinished 18s to 206.