COMMERCE AND FINANCE

Otago Daily Times, Issue 24913, 12 May 1942, Page 4

COMMERCE AND FINANCE

THE SHARE MARKET YESTERDAY'S SALES Dunedin.—Sales reported: New Zealand Refrigerating (cont.). 8s 6d. Auckland.—Sales on 'Change: War Loan. 1053, £9O 10s: Stock, 1946-48, 3 p.c„ £100; N.Z, Insurance, £3 3s 6d; South British, £2 14s 9d; Coles, £2 7s; National Timber, 8s 6d; 1.C.1. (pref.). £1 4s. Wellington.—Sales on 'Change: Bank of N.Z. (late Friday). £1 18s 7d; National Insurance (late Friday), 18s 6d; Donaghy’s Rope (new; late Friday), £2 8s 4d; Union Bank, £6 15s; Bank of N.Z., £1 18s 6d (2); National Timber, 8s 6d; 4 p.c. Stock, 1954-58, £IOB 10s; South British Insurance (2), £2 15s; Electrolytic Zinc (ord.), £2 0s 3d; Fletcher Holdings (pref.), £1 Is; Woolworths Properties, £1 4s. Christchurch. —Sales on 'Change: N.Z. Government 21 p.c. War Loan, 1946, £99 10s. Sales reported: South British Insurance, £2 15s; Donaghy’s Rope (new fully paid: cum dlv.), £2 8s 9d. LOCAL QUOTATIONS Government Loans.—3i p.c. Bonds, 195357, b. £lO2 10s; 4 p.c. Bonds, 1946-49, b. £lO2 15s; 4 p.c. Stock. 1949-52, b. £106; 4 p.c. Bonds, 1952-55. b. £lO7 10s; 4 p.c. Stock, 1952-55, b. £lO7 10s; 3j p.c. Nat. D. Ln., 1956-59, b. £101; 31 p.c. Con. Loan, 1957-60, b. £101; War Loan, 1953, b. £9O. Banking, Insurance and Shipping— N.S.W. (£2O), b. £26 10s; N.Z. (£1). s. £1 19s; Union (£5). s. £7; National (7s), b. 18s, s. 18s 9d; Standard (£1), b. £2 19s 6d; U.S.S. Co. (pref., £1), b. £1 6s 3d. Meat and Agency.—N.Z. Refrig. (£1), b. 18s; N.Z. Refrlg. (10s), b. 8s 4d, s. 8s 7d; Waltaki Farmers (£5), b. £4 15s; Dalgety and Co. (£5), s. £6 12s 6d; Trustees, Exec, (£3). b. £4 4s; W.S. (ord., £1). s £1 0s 6d. Breweries,. Gas, Coal. Oil and Wool.— N.Z. Breweries (£1), b. £1 Is 6d, s. £1 2s 6d: Kaitangata (16s). b. £1 9s; Westport (10s), b. £1 2s 6d; W.-Stockton (ord., 10s), b. 2s 8d; W.-Stockton (pref., 10s), b. 7s 3d; Moturoa (pref.. ss), b.. 3s, s. ss; Taranaki Oil (£1 4s 7d), b. 6s 3d; Taranaki Develop., b. 2s 6d; Bruce (ord., £1), b. £1 2s 9d; Bruce (pref., £1), b. £1; Kaiapoi (ord., 17s), b. 18s 6d; Kaiapol (cont., 7s), b. 6s 9d; Oamaru (£l), b. £1 2s; Timaru (£1). s. 18s 6d. Miscellaneous.—A.C.l. (£1), b. £1 18s; Booth Macd. (pref., £1), s. ss; Broken Hill Pty. (£1). b. £1 12s; Brown, Ewing (ord., £1), s. 17s 6d; C. Bcgg and Co. (£1). s. £1 2s; Colonial Sugar (£2O), b. £45 10s; D.I.C. (ord., 10s), b. 14s 9d; D.I.C. (pref., £1), b. £1 4s 6d; Dom. Rubber. (£1), b. ss; Donaghy’s Rope (£1), b. .£2 8s 6d; G. J. Coles (£1), b. £2 4s 6d; 1.C.1. (pref., £1). b. £1 2s 9d; Mac Duffs (ord., £1), s. 7s 9d; Mac Duffs (pref., £1), s. £1; Milburn Lime (£1), b. £1 6s; McLeod Bros. (£10), s. £26 ss; National Electric (£1), b. £1 2s 3d; N.Z. Drug Co. (£2). b. £3 12s; N.Z. Paper Mills (£1), b. £1 12s; Regent Theatre (£1), b. 15s, s. 19s; Woolworths (ord., ss), b 12s 9d; Woolworths (Syd., ss), b. 13s Bd. Mining.—Broken Hill South (ss), b. 19s 9d: E. Zinc (pref., £1), b.' £2; Mount Lyell (£1), b. £1 2s 3d. s. £1 4s 3d; Mount Morgan (2s 6d). b. 7s; North Brok. Hill (ss), b. £1 12s 6d. WOOL APPRAISAL £232.032 FOR CANTERBURY (P.A.) CHRISTCHURCH, May 11. The fifth appraisement of Cmterbury wool for the 1941-42 season was commenced In Christchurch on April 22. The total offering was 13,993 bales. The value was £232,032 16s 9d, the average price per bale being £lB 11s 7.695 d, and the average price per lb 11.973 d. N.Z. NEWSPAPERS, LTD. (Special) AUCKLAND, May 11. The accounts of New Zealand Newspapers, Ltd., for the year ended March 31 show a net profit of £40,909, against £41,425 a year ago, and £45,035 in 1940. A final dividend of 8d a share is recommended, making Is 4d a share for the year, equal to 8 per ,cent, (unchanged). The year’s dividend absorbs £39,883, leaving £46,806 to be carried ' forward, against £45,730 brought in. COMPANY REGISTRATION Notification of the registration of the following private company appears in the latest issue of the Mercantile Gazette: Fraser (Peter) and Sons, Ltd. Registered on April 17. Office: Dunedin. Capital: £2OOO in 2000 shares of £1 each. Subscribers: Dunedin—A. Fraser 1, P. Fraser 1999. Objects: To carry on the business of general grocers and all trades incidental to the grocery business. MINING NEWS Okarito Return:—A wash-up of 14oz 19dwt Is reported as the result of 115 hours’ dredgjng. Scott Bros., produce merchants and commission agents, registered egg and onion merchants, report:—Eggs: For consignments received 'on May 4 to May 8 Inclusive pay-out values to clients will be as follows:—Heavy, 2s' lid; standard, 2s 9d; medium, 2s 8d; pullets’, 2s 2d. Butter; Wanted: 9d to lOd per lb. Poultry: Hens, Is 6d to Is 9d each: heavy breeds, Is 9d to 2s 6d each; ducks, Is 9d to 2s 6d each; ducklings, 2s to -3s each; roosters, ,1s 6d to. Is 9d per head;, cockerels, light 2s. to 3s each, heavy 35., to 4s each; geese, 3s to 4s each; goslings,-:3s -6d to 4s 6d each; turkeys, gobblers lOd to Is per lb, hens 9d to lOd per lb. Potatoes: Arran Chief. £9; King Edward, £ll. Whole fowl wheat, 24s ,to 25s per sack. Chaff: Prime oaten sheaf, £6 10s per ton, ex truck: £7. ss. ex store, bags extra. Whole maize. 8s per bushel. Oyster grit, 6s 6d per 1001 b bag. Straw: Wheaten, 3s per bale; oaten, 4s 3d per bale, •ex store. Lucerne meal, 12s 6d §er bag. Canterbury onions, 11s cental ags. Gristed barley, 18s per sack. Whole barley seconds. 21s, sacks Inc. Oat dust, 5s 6d per sack. We stock meatmeal, oyster grit, crushed bones, charcoal, etc. Eggs: We grade all consignments to regulations over automatic weighing and candling machines. Payments weekly. May 11, 1942.