SHARE MARKET

Evening Star, Issue 26043, 6 March 1947, Page 8

SHARE MARKET

METALS STRONG FIRMING MOVEMENT IN INSURANCES Metal shares continued their upward movement on the Dunedin Exchange this morning, and a noticeable demand appeared for insurance leaders. National Insurances closed at 27s 3d-27s sd, and buyers firmed to £5 5s for New Zealands, 97s 6d for South British, and 92s 6d for Standards. The preference shares of Electrolytic Zincs closed at 695-71 s, Mount Lyells advanced to 27s 6d-295, while Norths finished strong at 77s 6d-82s 6d. SALES ON ’CHANGE: THIS DAY. Dunedin.—-Sales reported, late yesterday: Dunlop, N.Z. (ord-), 6s 9d (200). On ’Change: N.Z. Refrigerating (paid), 39s 3d (75). This morning: G. J. Coles, 96s (100), 95s 9d (30, odd parcel); National Insurance, 27s 3d (500, late yesterday); South British Insurance, 96s 6d (50, late yesterday); Wriglit, Stephenson (pref.), 27s 9d (250); British Chemicals (ord.), 15s 9d (200, unlisted). On ’Change: Wright, Stephenson-.(pref.), 27s 6d (150). Auckland.—Commercial Bank of Australia, 22s 7Jrd; South British Insurance, 975; New Zealand Loan and Mercantile (ord.), £122; North Auckland Farmers’ (B pref.), 17s; Pukemiro, 255; Broken Hill, 49s 3d; Dunlop N.Z. (ord.), 6s lOd and 6s' 9d; Farmers’. Trading, 38s; Fletcher Holdings, 38s 6d; G. J. Coles, 97s and 97s 6d; New Zealand Refrigerating, 39s 3d; W. R. Carpenter, 48s; New Zealand Stock, 3 p,c. t August, 1951-54, £99 15s; 3 per cent. Stock, July, 1961-63, £99 10s; New Zealand Stock, 3f p.c., September, 1957-60, £103; National Savings, June, 1951, £99 2s 6d; same, October, 1950, £9B 15s. Wellington.—3 p.c: Stock, 1956-59, £IOO 10s; Dunlop (N.Z.) Ltd. (pref.). 6s lOd; Silknit (N.Z.) Ltd. (cum div.), 335. Sales reported: Huddart, Parker (cum div.), 67s 6d; Felt and Textile (N.Z., pref., rights), 7s 9Jd; same (ord., rights). 41s; Turnbull and Jones (ord., 10s paid), 20s. Christchurch. —Dalgety, £l2 ss; Coles, 96s (2); Macduffs (ord.o, cum div.), 40s; Woolworths (Sydney, rights), 20s (2). Reported: Wright, Stephenson (pref.), 27s 9d; Huddart.' Parker (ord., cum div. 1 ), 67s 6d; Broken Hill, 49s 3d; Dunlop, New Zealand (pref.), 6s 9d; Consolidated Brick, 17s. WOOL DISPOSAL. (P.A.) WELLINGTON, March 5. “ The New Zealand Wool Board has been concerned at the delay and inconvenience caused to growers in the 6ale of their wool this year, and has very carefully watched the position,” 6ays a statement by the Wool Board. “It will be realised by all growers that a number of factors have governed the delay, principally the limitation of the weights of bales of wool and the delay in shipping, aggravated by. the hold-up on the waterfront. . ”In discussing these matters with the New Zealand Wool Disposal Commission, the board has been informed that, in view of the circumstances, as outlined, the commission will not make any offerings of greasy stock wools in New Zealand during the remainder of the current, season, which will interfere with the sale and shipment of growers’ current clip wool, and its offerings will most likely be confined to limited quantities of scoured and slipe wool.” DIVIDENDS. (P.A.) WELLINGTON, March 6. The Auckland Laundry Ltd. lias declared a first and final dividend of 3 per cent, for the year ended January 31. The register will close on March 15. Woolworths (W.A.) Ltd. recommend a final dividend of 9 per cent., making a total of 14 per cent, for the year on ordinary shares. The transfer books close on March 25.