COMMERCIAL

Grey River Argus, 30 April 1938, Page 8

COMMERCIAL

IPer Press Association.] DUNEDIN, April 29. Sales: 4 per cent. 1946-49 £lO2 ss; 34 per cent. Stock- 1938-52 £lO3 7s 6d; Southland Frozen Meat (ord.) £1 7s lOd; Westport Coal £1 3s 9d; British Tobacco £2 8s 4d, £2 8s 4id; Crystal Ice £2 ss; Taranaki Oil 7s 7d; Woolworths Ltd. £1 2s 4d, £1 2s 4id; Broken Hill South £1 10s 4d (2); Electro. Zinc (pref.) £2 5s 3d. AUCKLAND, April 29. Sales: Commercial Bank 16s 4id; New Zealand Breweries 44s 3d; Broken Hill Pty 60s 2d; New Zealand Refrig. (con.) 8s 3d; Woolworths (Sydney) 24s 4d; Stock 15/2/43-46 £102; Stock Sept. 39-43 £lOO 2s 6d. Sales 12.15: Bank of New Zealand 43s 9d; British Tobacco 48s 6d; Elec. Zinc (pref.) 465; Taranaki Oil 7s 9d; Woolworths (Sydney. Rights) 3s 3d; Mt. Morgan 9s 2d; Stock, Nov. 38-52 £lO3 7s 6d. CHRISTCHURCH, April 29. Sales Broken Hill Pty. (cum. div.) 60s 6d (2); Electro. Zinc (pref.) 45s 13d (2); Broken Hill South 30s 3d (2). Reported: New Zealand Breweries (late sale yesterday) 44s 3d. WELLINGTON, April 29. Sales, morning call: Union Bank £8 19s 6d; Bank of N.Z. £2 3s 9d; G. J. Coles £4. Sales reported: National Bank N.Z. £2 14s 6d; Auckland Gas 19s 9d; National Insurance 17s 7d; Carlton Breweries £3 5s 4Jd; G. J. Coles £3 19s 9d, £4. Sales, noon call: National Insurance 17s 7d; Taranaki Oil 7s 6d; Three sales Woolworths Limited (Rights) 3s, two sales 2s lOd; four sales Broken Hill 6s 3d; two sales G. J. Coles 79s 9d, two sales 8s; British Tobacco 48s Id.

An advance of £855,000 is recorded in the total of sterling exchange held by the Reserve Bank in the bank’s statement for this week. The only other movement of note among the assets is a decline of £167,100 in the amount of advances outstanding in the Primary Produce Marketing Department account. Notes show a further slight increase of £54,800, but with probably decline shortly as the effect of the holiday works out. Demand liabilities to the State have fallen by £750,000. but those to the banks have risen by £1,057,400, and to others by £50,100. Other liabilities have increased by £274,000. The Stock Exchange Association has been advised by the general manager of Woolworths (N.Z.), Ltd., that advice has been received from Woolworths, Ltd., that owing to complications arising in connection with the rights of ordinary shareholders to apply for preference shares in Woolworths Properties, Ltd., the directors of Woolworths have decided to register on May 14 all transfers of shares purchased before April 23. They will send out notices to new shareholders and also to old shareholders where their holdings have been increased in consequence of this action thus not reducing the existing rights of shareholders registered on Mai ch 31,