COMMERCIAL

Evening Star, Issue 25699, 24 January 1946, Page 6

COMMERCIAL

SHARE MARKET. Four sales were reported on 'Change this morning, two parcels of Bank'of Australasia at £9, with a; buyer still offering £8 15s, New Zealand Breweries at 47s 6d, with an inquiry at 47s 3d, and New Zealand Refrigerating (paid) at 31s 9d, the market closing at 31s 9d-32s 3d. The Refrigerating cont. were on" offer at 15s 4d. Values throughout showed few changes, buyers still predominating all sections. Quotations both ways were given for Westport Coal at 24s 6d-25s 6d, Broken Hill Proprietary at 46s 6d-46s 9d, Fletcher. Holdings (ord.) at 335. 9d-34s 6d, and Broken Hill South at 31s-32s 6d. SALES ON 'CHANGE: THIS DAY. Dunedin. —Reported: Bank of Australasia, £9 (50) and (38). New Zealand Refrigerating (paid), 31s 9d (100); New Zealand Breweries, 47s 6d (150). Auckland. —Morning sales: National Bank of New Zealand, 54s 6d; Bank New South Wales, £33 10s; New Zealand Insurance, £5 Os 6d, £5 Os 9d, and £5 Is; Dominion Breweries, 61s; British Tobacco, 53s 6d; Consolidated Brick, 9s lOd; G. J. Coles, 76s 6d; K.D.V. Boxes, lis 3d; New Zealand Newspapers, 465; Woolworths (Sydney), 255; Ntew Zealand Stock, 3 per cent. (May, 1953-56), £IOO. Noon sales.: Bank of New South Wales,--£33 10s; Tooths Breweries, 65s 6d; Claude Neon, 445; Big River, sd; New Zealand Stock, 2k per cent. (June, 194749), £99 ss. Wellington.—Bank of New South Wales (cum div.), £33 10s; Rotoiti Timber, 10s; Woolworths Ltd., 24s 9d; Broken Hill Proprietary, 46s 6d. Reported: National Bank of New Zealand, 54s 6d; Bank of New South Wales (cum div.), £33 10s and £33 10s; Macduffs Ltd. (pref.), 275; K.D.V. Boxes, lis 3d. Christchurch.—34 per cent. Stock (1948), £lOl 2 S 6d; 3 per cent. (December, 195356), £99 15s; Wool Bonds (December, 1948), 21s Id; Dunlop Rubber, 27s 6d. Unlisted: Amalgamated Batteries (ord.), 20s. Reported: Christchurch Trams, 4£. per cent. (1955), late yesterday, £109; Bank of New South Wales, £33 10s; Canterbury Frozen Meat (pref.), £8 10s; Colonial Sugar (late yesterday), £SB; G. J. Coles (ex div.), late yesterday, 765; Woolworths (Sydney), ord., 255. WELLINGTON GAS COMPANY. To provide for the increased demand for gas, the''Wellington Gas Company has placed in England an order for manufacturing plant consisting of two units each of a daily capacity of, 1,500,000 cubic feet. After payment of an interim dividend of 3 per cent, on the ordmary shares and the year's dividend (£3,699) .on the preference shares; and after provision for taxation and depreciation of plant, buildings, and machinery, the balance to the credit of profit and loss appropriation account for the past year was £22,490, and it is recommended by the directors that a further dividend of 3 per cent, absorbing £8,364, be paid, and-that the balance of £14.126 be carried forward. MINING*. Austral-New Zealand Dredge.—For the 28 days ended January 19 the dredge operated 340 hours, treating 170,000 cubic yards for a return of 3860 z.