QUOTATIONS IN CHRISTCHURCH

Press, Volume XCVII, Issue 28776, 23 December 1958, Page 17

QUOTATIONS IN CHRISTCHURCH

RESERVE BANK RETURN Sterling Holdings Rise To £47.6m The Reserve Bank’s holdings of sterling exchange increased by £3.lm in the week ended December 17, according to the return of the Bank as at that date. On December 10, the holdings totalled £44.5m, but by the date of the latest return this had been increased to £47.6m. The total value of bank notes on issue by the Bank increased a further £3.3m during the week, further evidence of the demand for funds for spending at Christmas. Deposits at the Reserve Bank by the Government fell by £B.lm during the week, from £ 19.1 m to £ 10.9 m. Deposits of the trading banks also fell during the week, and are now at £49.1m. Advances to the State were reduced by £ 11.2 m, and now stand at £33.8m. Main items from the latest week’s return, with the previous week's figures, are as follows Liabilities Dec. 17 Dec. 10 £OOO £OOO

WANGANUI WOOL CATALOGUE (Nero Zealana Preus Association) WANGANUI, Dec. 22. There is no prospect of the catalogue for Wanganui’s March wool sale closing before the holidays, Mr V. Dennison, president of the Wanganui Woolbrokers’ Association, said today. He denied rumours that the closure would be before Christmas. The catalogue probably would not. in fact, close until mid-January. Up to this morning, the brokers had not quite reached the half-way mark in the 30,000bale allocation.

Buyers. Sellers. £ s. d. £ s. d. N.Z. GOVT.— 3 p.c., 15/4/56-59 .. 99 10 0 3 p.c., 15/11/57-60 96 0 0 3 p.c., 15/8/59-61 .. 95 10 0 —— 3i p.c., 15/9/57-60 97 5 0 — 33 p.c., 15/6/59-60 97 15 0 33 P.c., 15/5/62 .. 95 15 0 . 33 p.c., 15/9/65 .. — 93 5 0 33 p.c.. 15/9/74 .. 87 0 0 __ 41 p.c., 15/8/60 .. 100 5 0 ——. 41 p.c., 15/6/61 .. 98 10 0 — 41 p.c., 15/7/61 .. 100 5 0 43 p.c., 15/8/62-63 100 7 6 — BANKS— A.N.Z. j 18 0 — "B" 2 0 0 Comm, of Aust. .. 0 15 10 E., S., and A. 2 7 0 —— Natl. of N.Z. ;z 1 zT6 — BREWERIES— Ballins, ord., c.d. ■ 9 0 —_. New Zealand 1 12 4 FROZEN MEAT— Canterbury, pref. 5 5 0 — Gear 1 0 6 — N.Z Refrig. — 2 6 3 Nth. Canty., pf. .. 0 19 6 — Southland, c.d. .. 2 17 3 — GAS— Christchurch — 0 17 0 Cont. — 0 12 0 Gisborne 0 12 6 Wellington — 15 0 INSURANCE— F.A.M.E. 2 3 0 — National 1 3 3 New Zealand 1 10 3 — South British 3 10 0 — LOAN AND AGENCY C.F.C.A., ord. 2 9 0 —- Pref. .. 2 9 0 •— Chch. Building .. — 1 10 0 Dalgety 17 0 — Goldsbrough, Mort 1 1 6 — Mutual Benefit —— 10 0 Nat. Mort., “A” 0 6 9 — “B” 0 6 9 N.Z.F. Co-op. 0 12 6 0 13 3 First pref. *. 0 12 6 •— “A” pref. — 0 12 6 •*B” pref. — 0 12 3 53 p.c. Stk., '70 95 10 0 — United Building .. 0 17 6 — Wright. Stephen- — son. pref., c.d. .. 0 19 0 Convert. debs. — 12 0 SHIPPING— Northern 0 10 6 — P. and O. — 1 18 6 Union, pref. — 10 3 WOOL, TEXTILES Bonds 0 16 2 —• Bruce — 1 12 6 Feltex 3 3 — N.Z. 1 16 0 — Lane, Walker Ind. 1 15 0 — Pref. .. 0 18 6 — Manawatu 2 0 0 — Mosgiel .. 1 14 0 — Oamaru .. 1 18 6 Tekau — 18 0 Tim ar u 0 9 — Wellington 1 9 9 Airwork •—• 17 6 Pref. .. — 0 18 3 And. and Beaven — 14 0 Aust. Iron and Steel, pref. — 12 0 A.W.A. 0 16 4 Ballins Hotels — 0 19 6 Beath and Co. .. — 1 13 9 Begg and Co. 2 15 0 — Broken Hill Pty. 2 0 3 Buntings 1 7 9 18 0 Cent. Otago Fruit 10 0 Cory-Wright, pf. — 0 18 3 Coulls Somerville —— 1 18 0 Cox Bros. —• 0 4 8 Cyclone Fence .. —— 1 11 6 Pref — 0 19 6 Dorn. Builders .. 0 7 6 — D.I.C. ——. 0 17 9 Pref. .. — 0 19 0 Dunlop, N.Z. 1 2 6 — Farrier ■ Waimak. —-— 0 15 0 Fletcher Holdings 1 8 3 — “B” pref. — 9 18 6 Frozen Products 0 2 6 — G. J. Coles 0 15 9 0 16 3 Griffin and Sons .. — 0 12 4 Harley 2 0 0 — Hay’s. Ltd., rts 0 4 0 0 7 6 Holm Engineering — 10 0 J Gadsden 1 12 0 — J. J Niven — 1 17 6 J Wattie Cans. 4 0 — K.P. Drugs 3 13 0 — M.C.P 0 4 0 — Watties, rts. 0 2 1 —

Buyers £ s d Sellers £ s a MISCELLANEOUS— McCaskey, pref. .. — 0 17 6 Moulded Prods. .. 0 15 2 McKenzies —- 0 16 6 Milburn Lime — 1 5 3 National Electric A 6 1 6 N.Z. Cement — 0 18 0 N.Z. Fertiliser — 1 8 6 N.Z. Forest Prods. 10 0 Pref. . 0 18 0 N.Z. Paper Mills 19 6 __ Nor vic Shoes 0 18 3 0 19 3 Otago Daily Times —~ 2 12 6 R ana E. Tingey 0 6 6 — Reid Murray 0 11 7 0 12 3 Ross and Glen. .. —* 1 3 0 Skellerup, pref. .. — 0 18 6 Reid and Gray, pf. — 1 0 0 • 6 Vibrapac (Otago) — 1 1 6 Toppa 0 4 3 Weeks — 1 1 0 Whakatane, ord. 15 4 Whit and Tombs 1 7 0 1 7 6 W.'worths. ord. 0 17 0 0 17 1 N.Z.. ord. 0 16 0 N.Z.. pref. 1 9 0 — UNLISTED STOCKS Buyers. Sellers. £ s. d £ s. d. Burt, A. and T. 2 10 0 *— Kaiapoi Woollen, Pref. i 1 6 Matea Forests 0 2 11 0 3 3 N.Z. Motor Bods. ___ 15 0 Victoria Mansions 1 6 0 1 17 0

Bank notes .. 86,833 Demand Liabilities— State .. .. 10,945 Marketing .. 387 Trading banks .. 49,097 Other .. 956 83,527 19,060 524 51,045 269 Assets Reserves— Gold 315 315 Sterling exchange 47,601 44,488 Other exchange .. 529 386 Investments— Overseas .. 13,569 13,569 In New Zealand .. 22.808 22.808 Advances— State .. .. 33,788 45,049 Marget. org’ns. .. 28,196 29,956 Other .. 11,330 7,010 Othei Assets— Gold .. .. 5.848 5.848 Other .. .. 786 1,052 ——-