COMMERCE AND FINANCE

Otago Daily Times, Issue 24945, 18 June 1942, Page 5

COMMERCE AND FINANCE

THE SHARE MARKET YESTERDAY'S SALES Dunedin.—Sales on 'Change: N.Z. Refrig. (£1). 20s; Westport-Stockton (ord.), 2s lOd; Southland Ice Cream, 235; National Insurance (2), 18s 9d. Sales reported: National Insurance, 19s; National Insurance (2), 18s 9d; Bank of N.Z., 38s 6d; D.I.C. (ord.), 14s 9d; N.Z. Drug, 73s 6d. Auckland.—Sales on 'Change: Union Bank, £6 18s; Dunlop Rubber. 17s; Bonds, 1953-57, 3J p.c, £lO3 15s; Stock, 1953-57, 3J p.c. (2), £lO3 15s Otorohanga Town Board, 1960, £106; Commercial Bank of Australia, 14s 2d; New Zealand Insurance, £3 4s 3d; Auckland Gas (2). 6s sd: Mount Morgan, 7s 3d; National Insurance, 18s lOd; New Zealand Breweries, £1 10s 3d; Booth Macdonald (pref.), ss;. War Loan, 1946, 2i p.c, £9B 2s 6d. Wellington.—Sales on 'Change: 2i p.c. Stock, 1946. £9B 2s 6d; Auckland Gas, 6s 6d; New Zealand Breweries. £1 10s 3d. Christchurch.—Sales on 'Change: New Zealand Refrigerating (10s pd.), 8s lid.Sales reported: National insurance (2), 19te; New Zealand Refrigerating (£1 pd.), £1 0s Id; Westport Coal (late Tuesday), £1 3s lid; New Zealand Breweries, £1 10s; Milburn Lime, £1 16s 4d; New Zealand Newspapers, £1 10s. . ( . LOCAL QUOTATIONS , Government Loans.—Si per cent. Bonds, and Stock, 1953-57, b. £lO2 10s; 4 per cent Bonds and Stock. 1943-46, b. £IOO 10s; 3J per cent. Con. Loan, s. £lOl 17s 6d; War Loan. 1953. b. £9O ss, s. £91.. v Banking. Insurance and Shipping.— N.S.W. (£2O), b. £2B: N.Z. (£1). b. £ 18s 3d: N.Z. (Long D £1), b + £l . Commercial (10s), b. 13s 3d: Natl. N.Z (£2 10s). b. £1 18s; National (7s), b. 18s Bd, s. 18s lOd: South British (10s). f. £2 15s 3d; Standard (£1), b. £2 19s 3d; H., Parker (ord., £1). b. £2 Is 6d; P. andl O Stock (£1). b. £1 Us, s. £1 15s; U.S.S. Co. (pref.. £1). b, £1 6s Meat and Agency.—N.Z. Refng. (£1). b. £1; N.Z. Refrig. (10s), b. 8s lOd, 5..9s Id: South Otago (£5), b. £5 2s 6d; Waitaki Farmers (£5), b. £4 17s 6d; Perpetual Trust (13s). s. £2 10s; W.S. (ord., £I)..D. 19s: W.S. (pref.. £1), b. £l. . Breweries. Gas, Coal. Oil, and Wool.— N.Z. Breweries (£1). b. £1 9s 6d, s. £1 10s 9d; Kaitangata (16s). b. £1 10s; Westport (10s). b. £1 4s 3d; W.-Stockton (ord., 10s) b. 2s lOd, s. 3s; W.-Stockton (pref., 10s) b. 7s 6d; Moturoa (pref.. ss). s. 4s; Taranaki Oil (£1 4s 7d), s. 6s 3d; Taranaki Develop., s. 4s; Bruce (ord.. £lr. b. £1 3s 6d: Bruce (pref.. £1), b. £1: Kaianoi (cont., 7s), b. 6s lOd; Oamaru (£1). b. £1 2s. ,' ' ■•:< Miscellaneous.—Booth Macd. (pref.. £1), b. 4s 6d; British Tobacco (£1). b. £1 14s; Broken Hill Pty. (£1), b. £1 15s 6d; Colonial Sugar (£2O), b. £44 10s; D.I.C. (ord., 10s), s. 15s; D.I.C. (pref.. £1). b. £1 4s; Dom. Rubber (£1), b. ss; Donaghys Rope (£1), b. £2 9s, s. £2 10s: 1.C.1. (nref.. £1). b. £1 3s 6d; Mac Duffs (ord., £1). s. 7s 6d: Mac Duffs (pref.. £1), s. £1: Milburn Lime (£1). b. £1 16s. s, £1 16s 6d: McLeod Bros. (£10), s. £25 12s 6d; Natl. Electric (£1). b. £1 2s 6d; N.Z, Drug Co. (£2), b. £3 13s. s. £3 14s; Farm, Fertiliser (£1), b. 16s 9d; N.Z. Paper Mills (£1), b. £1 lis 6d: Otago Daily Times (£1). s. £1 18s 9d; Wilsons Cement (10s). b. 15s; Woolworths (ord., ss). b. 12s 8d; Woolworths (Syd., ss), b. 14s 2d, s. 14s 6d. Mining.—Broken Hill South (ss), b. £1 0s 6d: Bulolo Dredging (5d01.). b. £1 ss; Emperor (10s). b. 7s 6d; Mount Lyell (£1), b. £1 3s 6d. s. £1 4s 6d; Mount Morgan (2s 6d), s. 8s; North Broken Hill (ss). b. £1 14s 6d: Blackwater (£1). b. 13s 6d; Gillespie's Beach (Is), s. sd. PROPERTY SALE Messrs James Samson and Co. report having offered by auction, under instructions from the District Public Trustee, two freehold business premises at St. Clair, in the estate of Ellen Pargiter. The first, which consisted of a corner shop with dwelling of five rooms, known as No. 236 Forbury road, was knocked down to Mr J. Nicholson, at a satisfactory price. The second property, a shop, with three living rooms, did not reach the reserve, and was withdrawn. Negotiations are in progress for the sale of this property. COLOMBO TEA SALE Mr L. M. Wright has received the following cabled report on the Colombo tea auction of June 15:— At Monday's sale of 2,500,0001 b common teas were in strong demand at firm prices, but medium and fine grades were irregular and easier. The quality of the offerings was plain. A total of 2,250,0001 b will be submitted to buyers at the next sale.