Commerce, Mining, Finance

Evening Star, Issue 24003, 30 September 1941, Page 9

Commerce, Mining, Finance

WOOLLENS IN FAVOUR AUSTRALIAN MINING RECOVERS At (ho callover this morning Australian mining made a recovery from its position of the last few days, all lines being firmer. The preference issue of Zincs was again inquired for, after being neglected, and the ordinaries were Is up on the buyer’s quotation of yesterday. Among the industrials, however,” A.C.I.s, Coles, and Sydney Woolworths were not quoted. Government loans were receiving only moderate attention, although bids were steady. Standard Insurances were a little higher, but there were no offers. Meats were in demand, with sellers scarce. In response to a bid at 2s sd, holders of Stockton ords. were asking 2s 9d; other coal shares were at late rates. Woollens received stronger buying support without result, Mosgiels and both issues of Bruces being firmer. Broken Hills, which have maintained their high position, were quoted, but uo business was done. SALES REPORTED. —Yesterday.— Hume Pipe, 14s 7£d. 1.C.1. (prof.), £1 4s 9d. G. J. Coles, £3 5s 3d. Glutha River, Is fid.

DUNEDIN STOCK EXCHANGE LATEST QUOTATIONS

SYDNEY STOCK EXCHANGE Press Association—By Telegraph—Copyright SYDNEY, September 29. The share market was brighter to-day, 'll prices generally were lower than last W Morning Sales.—Anthony Hordern, 14s 9d; Australasian Paper, £1 17s; Australian Consolidated Industries, £2 8s 6d (contributing, £2 2s 9d); British Tobacco, £2 6s 6d; Felt and Textiles, £1 16s 10id; General Industries, 18s 3d _ , p Afternoon Sales. —Bank of New South Wales, £26 3s; Commercial Bank of Australia, 14s 3d; Colonial Sugar, £49 ss; Bond’s Industries, £1 8s; Burns, Philp, £2 12s; Consolidated Industries, £2 8s 3d; Masonite, £1 7s 6d; Morris, Hedstrom,- £1 3s; Broken Hill Proprietary, £1 19s; Bulolo, £4 10s; Araliua, £1 6s 4d; Austral New Zealand Gold, 15s.

MINING NEWS OKARITO RETURN. The secretaries of the Okarito Five-mile Beach Gold Dredging Company Ltd. report a wash-up of 48oz '9dwt of gold as a result of 110 hours’ dredging. CLUTHA DREDGE YIELD. For the week ended September 26 the dredge of Ciutha River Gold Dredging Ltd., operating at Alexandra, worked 134 hours and recovered 370 z. GILLESPIE’S BEACH DREDGE. The secretaries of the Gillespie’s Beach Gold Dredging Company Ltd. report that the wash-up for the week ended Saturday, September 27, was 19oz lOdwt for 135 hours from 16,100 cubic yards. SALES ON ’CHANGE: THIS DAY. Auckland.—Morning call: New Zealand Insurance. 70s (3) ; Deaths, 18s'; Gear Meat, 15s 3d; Imperial Consolidated industries, Australia and New Zealand (pref.), 24s 9d; Dominion Breweries (pref.). 325. Noon call: North Auckland Farmers (B pref.), 11s; Union Oil and Soap, 26s k od; War Loan (1951-54), £97 10s; '■ .rmers’ Trading (C pref.), 20s 3d. Wellington.—Gear Meat, 15s Od; Bank of New Zealand, £2. Reported: New Zealand Guarantee Corporation, 3s Id (cum div.). Christchurch. —Dunlops, ,235. Reported: Ncw r Zealand Breweries, 365.

Buyers. Sellers. £ 6. d. £ s. d. N.Z. GOVERNMENT LOANS— 3i p.c. lionds, 1953-57 101 10 0 3i p.c. Stock, 1953-57 101 10 v 0 — 4 p.c. Bonds, 1945-46 101 0 0 — 4 p.c. Stock, 1943-46 101 0 0 101 10 0 4 p.c. Stock, 194649 — 105 10 0 4 p.c. Bonds, 1952-55 107 0 0 — 4 p.c. Stock. 1954-58 106 15 0 — War Loan, 1953 87 5 0 — BANKING— New Zealand (£1) ... 1 19 6 New Zealand (Long “ D ”) — i n 9 ' Commercial (10s) '0 15 0 — National of N.Z. ... — 1 19 6 Union 7 3 0 — INSURANCE— National (7s) 0 19 6 Standard (£1) 3 1 5 — SHIPPING— • P. and O, Stock 1 10 0 U.S.S. Co. (pref.) ... 1 6 0 MEAT PRESERVING— Canterbury (ord.) ... 11 5 0 — Canterbury (pref.) ... 7 0 0 — N.Z. Refrig. (paid) 0 19 9 — N.Z. Refrig. (confc.) 0 8 10 0 9 1 South Otago Icum div.) 5 7 6 — Waitaki 4 12 6 — LOAN AND AGENCYNat. Mortgage (£2) 1 15 0 — Nat. Mortgage (B) ... 1 1 6 — Loan and Mercantile 35 0 0 — Perpetual Trustees ... 2 10 6 — Trustees Executors ... 4 5 0 — W.S. and Co. (ord.) 0 18 0 — W.S. and Co. (pref.) ■ 0 19 0 — GAS, COAL, AND OIL— Auckland Gas ... ... 0 7 0 — Kaitangata 1 11 9 1 U 0 Westport 1 4 3 0 2' Stockton (ord.) 0 2 5 9 Stockton (pref.) 0 6 6 0 7 3 Moturoa (pief.) — 0 5 0 WOOLLEN COMPANIESBond's Hosiery 1 8 9 — Bruce (ord.) 1 3 6 — Bruce (pref.) 1 1 6 — Mosgiel (£4) 10 7 6 — Timaru (£1) 0 16 6 “ MISCELLANEOUS— Broken Hill 2 2 0 2 3 3 D.I.C. (ord.) D.I.C. (pref.) 0 14 1 4 3 3 — Dom. Fert. (£1) 1 3 3 — Dom. Rubber (£1) ... 0 16 0 1 0 0 Donaghys (rights) ... I.C.I. (pref., £1) ... 0 15 9 0 16 3 1 4 6 — Kauri Timber 1 3 0 — Macduffs (ord.) — 0 9 4 Milburn Lime — 1 16 0 National Electric 1 3 0 — N.Z. Drug Co. (£2) ... 3 18 0 — Drug (new issue) ... 2 9 9 — Paper Mills ... 1 12 9 — ‘ Otago Daily Times ’ 1 17 3 — Wilsons Cement 0 19 3 —• Woolworths (N.Z.), ord.) 0 14 0 0 1* 6 Woolworths (S.A.) ... — 0 16 6 BREWERIES— New Zealand 1 15 9 — Doni'nion ...' — 1 11 0 Dunedin — 1 1 0 OVERSEAS MINING— Broken Hill South ... 1 7 6 — Electro. Zinc (ord.) ... 2 13 0 — Electro. Zinc (pref.) 2 14 6 — Mount Lyell ... ... 1 7 6 — Mount Morgan (2s 6d) 0 9 3 — North Broken Hill ... 2 2 6 2 5 0 N.Z. MINING— Clutha River — 0 2 0 Gillespies — 0 2 2* Grey River 0 15 6 — Okarito (5s) 0 1 3 UNLISTED STOCKS— All stocks in this section are not quoted on the official list, and transactions are subject to a different rate of brokerage:— Mackintosh Caley 0 17 6 Phoenix (£1) 0 14 9 National Tobacco 1 11 9 — Otago and Southland 8 Finance (cont.) 0 1 ■ —- Otago and Southland Finance (17s 6d paid) 0 7 0 — Otago and Southland 0 18 0 Finance (pref.) — Otago Investment 0 0 6 Trust — Snowin'te Laundries 0 10 6 —*