COMMERCIAL

Press, Volume LXXXIII, Issue 25090, 23 January 1947, Page 8

COMMERCIAL

STOCK EXCHANGES EASING IN BANK SHARES MINING An easing tendency was noticeable in the bank section on the Christchurch Stock Exchange yesterday.. Bank of Australasia were offered at £l3 10s, without attracting buyers. This represented a drop of 2s 6d from the last sale price. , Union Banks had a seller at £l2 7s 6d, a fall of Is 6d. Broken Hill Proprietary maintained their price with’ sales at 47s 3d. Morts Dock had reported business at 26s 6d, the first -since October. DOMINION TRANSACTIONS* Christchurch Sales

AUCKLAND Sales.—N.Z. Govt. Stock, 15/9/47. 21 per cent. (£500), £lOO 7s 6d; 15/6/47-49. 2J per cent. (£400), £9B 15s. (£1000) £99; N.Z. Govt. Stock, 15/2/49-50, 2J per cent. (£1400), £99 ss; N.Z. Govt. Stock, 15/2/5558, 3 per cent. (£1550), £101; N.Z. Govt. Stock, 15/4/56-59, 3 per cent. (£1300), £lOO 7s 6d; N.Z. Govt. Stock. 15/9/57-60. 31 per cent. (£200), £lO2 15s; National Savings. 1/6/49 (£750), £lO4 15s; National Savings 26/10/49 (£500), £lO3 10s; National Savings 28/12/49 (£600), £103; National Savings, 3/1/50 (£200), £lO2 15s; National Savings, 20/2/50 (£300), £lO2 10s; National Savings, 1/3/50 (£300), £lO2 ss; Bank of A’asia. (40). £l3 ss; National Bank of N.Z. (500). 70s; Bank of N.S.W. (68). £4O 10s; Abraham Williams (600), Ils 3d; Devonport Ferry (250), 28s 6d; Northern Steam Con. (275). 3s 3d; Felt and Text*, Aus. (100), 61s 6d; Kaiapoi (400), 275; Broken Hill Pty. (200). 475; Dunlop N.Z., oref. (375), 7s; McKendricks, pref. (100), 30s; Forests Products (330). 4s 10d; Silknit. N.Z. (600). 31s: Woolworths. N.Z. (200). 27s 8d; Woolworths Props. (100), 31s 3d; United Provisions (200), 24s 6d. DUNEDIN Sale.—N.Z. Refrigerating cont. (100), 20s. Sales Reported.—McLeod Bros. (11), £3O; N.Z. Refrigerating cont. (300). 20s; §ooth Macdonald pref. (300). 12s; Westport Coal (600), 33s 4d; National Ins. (200), 27s 6d; Dunlop N.Z. pref., 5s (100), 7s Id; Mackintosh, Caley, 5s paid (163), .245. SYDNEY Offering a wide range of shares wouldbe sellers on the Sydney Stock Exchange yesterday were frequently prepared to concede a point or two to meet buyers. This tendency fostered a cautious buving tone \gith the result that many sellers were unable to dispose of their holdings. The movement in bank and retail store shares was predominantly weaker. Sales.—. Bank of New South Wales. £39 3s; Commercial Bank of .Sydney, £24 ss; Commercial Bapk of Australia, 22s 4id; Union Bank, £l2; Bank of Australasia. 13s lOd; Burns, Philp, 745; Australian Gas (A), £7 10s; Queensland Brewery, 35s 9d; Dunlop, 335; Mark Foy, 435; David Jones, 53s 3d; Anthony Hordern, 27s 6d; Morts Dock, 235; Amalgamated Textiles. 15s 3d; Felt and Textiles. 56s 9d; General Industries (pref.), 3Js 6d; Zinc Corporation. £6; Aust. Consolidated Industries. 55s 3d; Wilcox, Moffiin. 16s 9d: Colonial Sugar, £54; Mount Lvell, 235: Broken Hill Pty., 45s 6d; North Broken Hill. 69s 9d; Kuala Kampar, 17s; Rawang Tin. 9s 3d.

CANADIAN COMPANIES’ HIGH DIVIDENDS Dividend payments by Canadian companies in 1946 were the best since before the war. and substantially were above those of 1945. Total payments were 286.121,000 dollars, against 270.908,000 in 1945 and 267.273,000 in 1944. The 1946 total, however, is below the. pre-war peak of 313,108,000 in 1938. Dividends by mining companies were the lowest in several years, while disbursements by utilities and chartered banks were higher than in 1945. lI.M. Arcade Profit.— His Majesty's Arcade and Theatre Company, Auckland, shows net profit for the year ended December 31 of £2594, compared with £2142 in the previous year. Dividends on ordinary and preference shares are unchanged at 4 and 5 1-5 per cent, respectively. New York Stock Market.—The New York stock turnover on Tuesday was the lowest since August, only 690,000 shares being traded.

£ s. d. B.H.P. (50: 50: 100) 2 7 3 Dunlop, N.Z., ord. (50) 0 7 2 Korma, pref. (50; 50: 50) 0 18 6 Sales Reported N.Z. Govt. 2J p.c. Stk., 47-49 (£500) 99 6 3 N.Z. Govt. 3 p.c. Stk., Dec., 53-56 (£300) 100 5 0 N.Z. Govt. 3J p.c. Stk., 53-57 (£500) 102 5 0 B.H.P. (200) 2 .7 3 Morts Dock (200) ■ 6 6 N.Z. Drugs, late Tues. (37) 5 8 6 Mason, Struthers, f.p. (200) 1 3 0

QUOTATIONS Banks— Buyers. Sellers. £ s. d. £ s. d. Australasia 13 10 0 Comm, of A., ex d. — 1 3 3 Comm, of Aust, (pf.) (ex. d.) 11 10 0 C.B. Sydney — 27 10 0 E.. S., and A. 7 12 6 8 5 0 1 Natl, of A’sia (£10) 15 5 0 — Natl, of A’sia (£5) 7 14 0 Natl, of N.Z. 3 9 9 _iN.S.W. (cum div.) — 40 10 0 Union — 12 8 0 Insurance— rf’.A.M.E. .. 1 2 9 1 4 3 F.A.M.E (pref.) .. 5 0 National ■ 6 0 N.Z. (cum div.) .. 4 19 0 — Standard 4 7 0 —- Loan and Agency— W.F.C.A. 0 2 6 __ (pref.) —— ■ 0 8 Dalgety 10 5 0 10 10 0 Goldsb., Mort. i 14 9 1 15 6 Nat. Mort. “A” 4 10 0 N.Z.F. Co-op.— (10s pd.) 0 9 0 — (1st pref.) 0 7 6 (4J p.c. Stk., 1955) 02 5 0 N.Z. Guar. Corpn. 0 5 0 0 5 1 , United Bldg. 1 4 6 — Wright. Steph, (pref.). cum div. 1 8 0 Shipping— Union (pref.) .. 1 13 6 Woollens— Bruce 2 4 6 — Felts —— 3 1 6 N.Z. 3 8 6 Kaiapoi (17s pd.) .. 1 6 9 (pref.) 6 0 — Oamaru i 15 0 Timaru 1 4 0 Frozen Meat— Canty, (pref.) 8 12 6 N;Z. Ref. (£1 pd.) 16 0 — (10s paid) 0 18 3 Waitaki — 8 12 6 Uoa i— Kaitangata — 1 6 6 Westport 1 12 9 — Gas— Chch., 10s pd. (c.d.) — 0 13 3 Breweries— Ballins 1 14 9 i 15 3 New Zealand __ ,, 2 18 6 Swan 1 15 0 Westland 2 1 0 Miscellaneous— Alloy Steel (N.Z.) 2 15 0 — Aust. C.I. — 2 18 0 Aust. Fd. Invest. .. 0 6 4 0 6 6 Aust. Iron and Steel (pref.) 1 17 0 Beath and Co. (Is pd.) 0 14 6 Booth Mac. 0 3 0 — Brit. Tobacco 2 14 9 2 17 0 Brok. Hili Pty. .. 2 6 9 2 7 3 CoJ. Sugar 55 0 0 56 10 0 Consol. Brick 0 15 1 — Dental, Medical 1 13 3 — Dom. Builders — 0 9 0 Dom. Fertiliser —— 1 8 0 Dom. Rubber .. 0 16 0 Donaghy’s Rope .. — 3 9 0 Dunlops, N.Z. 0 7 2 0 7 3 Dunlop Rubber 1 13 9 Electro. Zinc (ord.) 3 10 0 (pref.) — 3 10 0 G. J. Coles (ex div) — 4 9 6 Gordon, Gotch 4 2 0 —— Hay’s, Ltd (15s pd.) — 2 15 0 Henry Jones — 3 4 9 Hume Pipe 2 6 —— Kauri Timber 1 13 0 — Mason, Struthers (£1 paid) — 1 5 0 Metters (N.Z.) 1 15 0 — Milburn Lime .. 1 16 3 McLeod Bros. .. — 31 5 0 Morts Dock .. 1 6 0 — Macduffs .. 1 9 6 — (pref.) 1 8 0 McKenzies .. 3 5 0 New Colosseum 2 6 3 N.Z. Drug 5 8 6 Forest Products .. 0 5 2 Reid Rubber 1 *7 3 (contr.) , —_ 0 8 9 Selfridges 2 1 0 2 2 0 Sulphide Corp. — 0 12 0 Taupo Tot. Timb. — 0 15 6 United Provis. 1 3 3 1 4 0 Weeks 13 0 0 Whit, and Tombs 8 7 6 Wilcox, Mofflin 0 19 0 Wilsons Cement .. 0 18 11 0 19 1 Wool worths (ord.) — 1 8 11 (W.A.) — 6 10 0 t: W. R. Cooke —* 0 16 0 Overseas Listings— Woolworths (S. Af.) — 9 0 Rhod. Ang.-Am. .. 1 13 9 Aust. Mining— Brok. Hill South .. 1 15 0 Bulolo 6 12 6 Emperor .. 0 19 0 Mount Lyell 1 3 6 3 9 Mount ’Morgan .. 0 8 0 Mining— Arahura .. __ 1 10 6 Asso. Gold .. — 0 4 0 Austral. (N.Z.) .. 0 12 3 0 13 1 Blackwater —— 0 15 0 Consolidated .. — 0 7 6 Grey River — p 9 10 Martha —» 7 0 Ngahere .. __ 0 10 10 Waihi Invest. —- 0 7 0