SHARE MARKET

Evening Star, Issue 26041, 4 March 1947, Page 8

SHARE MARKET

QUIET BUT FIRM

DUNLOP PREFERENCES AT 6/11

The Dunedin market was quieter this morning, but prices remained firm. The preference issue of New Zealand Dunlops changed hands at 6s lid, with quotations closing Id on either side of that figure. The ordinary shares finished' at 6s 9d-7s. Mount Lyells toad a better buyer at 255. SALES ON ’CHANGE: THIS DAY. Dunedin.—Reported: Wright, Stephenson (pref.), 27s 9d (300). On ’Change: Dunlop New Zealand (pref.), 6s lid (126). Auckland.—New Zealand Insurance, £5 ss; South British Insurance, 935; Felt and Textiles (N.Z., ord., rights), 41s; same (pref., rights), 7s lOd; Broken Hill, 49s 3d; Consolidated Brick, 16s lid; Dunlop (N.Z., pref.),,6s lOd; G. J. Coles, 95s 3d; Woolworths (N.Z.), 30s 6d; Woohvorths Properties, 32s 9d; Woolworths (Sydney), rights), 21s; Hawera Gas, 8s; Mouat Lyell, 25s 6d; Mount Morgan, 8s Id and 8s;; New Zealand Stock, 3 p.c., August, 1951-54, £99 13s 9d; 3 per cent. Stock, September, 1952-55, £IOO 17s 6d; Stock, December, 1953-56, £IOO 2s 6d; National Savings, July, 1951, £9B 17s 6d; Commercial Bank of Australia, 22s 8d; Bank of New South Wales, £4O ss; Huddart, Parker (ord.) 67s 6d; Colonial Sugar, £56 10s; Consolidated Brick, 17s; Selfridges (Australasia), 51s; Arahura, 30s. Wellington.—New Zealand Insurance, £5 ss; Macduffs Ltd. (ord.), £2; Claude Neon (N.Z.) Ltd., £2 11s 6d; Broken Hill Proprietary, £2 9s; Macduffs Ltd. (ord.), £2; Woolworths Ltd (ex rights, cum div.), £1 7s 2d.' Reported: Wellington Trust Loan and Investment, £5 2s 6d; New Zealand Insurance, £5 ss; G. M. Banks (ord.), £1 4s; G. J. Coles, £4 15s; Hume Pipe, £1 3s 9d; Woolworths (N.Z.) Ltd., £1 10s 6d. Christchurch:—Bank of New South Wales, £4O ss; Kaiapoi Wool (ord.), 31s Id; Woolworths (Sydney), 27s 3d. Reported: 3 p.c. Stock, 1951-54 (late yesterday), £99 15s; 3 p.c. Stock, 1952-55, £lOl. MINING NEWS. Clutha River Dredge.—For the week elided February 28 the dredge worked 128 hours and recovered 1590 z.

Associated Gold Dredges.—Return for the week ended March 1 was 106joz from 59,302 yards in 276 J dredging hours. Ngahere.—The letum for ttoe two weeks ended February 28 was 1440 z from 71,747 yards, worked in 238 hours. Grey River reports that in the fortnight ended February 26, for 235 hours, 168,967 yards were worked ■ for the return of 491.050 z.

TIMARU WOOL SALE. (P;A.) TIMARU, March 3.

Estimated to yield a cheque totalling nearly £1,000,000 the third wool sale at Timaru to-day was regarded as being particularly satisfactory from the growers’ point of view. There was an offering of 34,127 bales and strong purchasing power was maintained throughout. As is usual at the Timaru sales, there was a large quantity of merino and halfbred wools, which were keenly sought after, particularly by the local mills. Competition was well spread, the Continent taking a heavy weight, with the local firms on the market for super lots. Prices were firm on the Christchurch sale last week, the highest being 39d for binned super merino. Passings to the Joint Organisation were few and far between. The official range of prices was not available to-night.