COMMERCIAL CHRISTCHURCH STOCK EXCHANGE

Timaru Herald, Volume CXLIX, Issue 21867, 21 January 1941, Page 9

COMMERCIAL CHRISTCHURCH STOCK EXCHANGE

YESTERDAY’S QUOTATIONS By Telegraph—Press Association CHRISTCHURCH, January 20. The following are the current quotations on the Stock Exchange:— Buyers. Sellers.

STOCKS AND SHARES

CHRISTCHURCH Sales on ’Change— lo L.nk of New South Wales £29/10/-. Sales Reported, Listed Stocks—--525 N.Z. Guarantee Corporation 3/-, 25 Mosgiel Woollens £lO/10/-, 100 Electro Zinc (ord.) (cum i.iv.) .4/-, 100 N.Z. Newspapers ?~/9, £4OO N.Z. Govern-

ment 31 per cent Stock, 1960, £lOO/15/-. AUCKLAND Sales on ’Change—Bonds, 15/1/53-57, 3J per cent, £100; Stock, 15/3/40-43, 4 per cent, £lOl/15/-: Auckland Transport Board, 22-6-49, 41 per cent, £lO3/10/- Bank of Australasia’s, £8 15/-: N.Z. Insurance 63/9 (2): South British 50/9; Broken Hill Pty., 46/3, 46/6; Colonial Sugar £52/5/-; Farmers’ Trading 19/3; Masonite 22/11: N.Z. Newspapers 32/9; Wilson’s Cement 18/9; Woolworths (N.Z.) 14/6; Rawang Tin 8/10 (2). WELLINGTON Sales on ’Change—National Insurance 19/-; South British Insurance 50/9; Bank of Australasia £B/15/-. DUNEDIN Sales on ’Change—4 per cent Stock, 1946-49, £lO3/15/-; 4 per cent Stock, 1940-43, £102; Mackintosh-Caley-Phoe-nix 9/-; Mosgiel Woollen £lO/10/-; Milbum time 37/6; Electrolytic Zinc (ord.) 54/3. AUSTRALIAN STOCK EXCHANGE By Telegraph—Press Association—Copyright Received January 20, 11.10 p.m.) SYDNEY, January 20. The investment market was strong on the Stock Exchange to-day and trading was fairly widespread. Morninr Sales — British Tobacco 50/6. Broken Hill Proprietary 45/6, Anthony Hordern 13/7. Dunlop Perdriau 20/3, General Industries 18/-. Afternoon Sales—Mt. Morgan 12/-, Morts’ Dock 19/1, 1/2, Tooths 54/3, Woolworths (N.Z.) 13/-, Drug Houses 28/1, 1/2, Associated News 13/11, Broken Hill Proprietary 45/6, Colonial Sugar £4B/2/6, Bank of New South Wales £27/17/-, Henry Jones 53/-, Arahura (deferred) 19/6, Australian Consolidated Industries (paid) 39/3. Melbourne—Herald 53/6, Coles (ex div.) 67/3, Commercial Bank of Australia 14/1, Loloma 27/3. BROKEN HILL PROPRIETARY By Telegraph—Press Association—Copyright WELLINGTON, ‘anuarv 20. Additional capital being required to assist in meeting the expenditure involved in the establishment of shipbuilding, the manufacture of magnesium, the manufacture of lerro alloys and the completion of a blast furnace at Whyalla and other projects in an extensive programme of development upon which the company is now engaged, the directors of the Broken Hill Proprietary Company, Ltd., have decided to make an issue to shareholders at par of two and a half million (as nearly as may be) shares of £1 each. The new shares in the company are being offered to shareholders in the proportion of ti enty-two to every hundred shares of their holding as on February 14 next, with the proviso that fractional parts of less than one half share will be disregarded and fractional parts of one half share or more will be regarded as one share. Rights to the B.H.P. shares will be quoted on the Australian Stock Exchange on February 15. Applications will not close till March 31, and the rights will be available for a period of six weeks. Payment will be spread over twelve months In four Instalments, each of SZ-. First applications close on March 31, and instalments are due on July 31, November 29, 1941, and the final one on March 31, 1942. The new snares will not participate In the dividend payments next May, but, provided the instalments are paid on due date, they will receive one-naif the dividend on the paid shares of 1941. They will participate fully in the dividend payable in May next year. The result will be a difference of 1/1J in the dividend in the new and old shares, provided the rate is maintained. The Stock Exchange Association of New Zealand advises > -t on the announcement at the beginning of the year of the possible new issue of shares by the Broken Hill Proprietary Company, it approached the Reserve Bank with a request that extended facilities be granted for shareholders to take up their quota. From inquiries made again to-day at the Reserve Bank it is understood that consideration is being given to the question of providing facilities, on a favourable basis, to enable existing holders to take up the amount of the new issue to which they will be entitled. Particulars are expected to be available in about a week.

PLEASANT POINT SALE

About 80 head of fat cattle were yarded at Pleasant Point yesterday. Values were firm to i:/- a head better on recent sales, for good cattle. A medium yarding of fat sheep sold at recent values. Prices were as follows:

Fat Cattle—Prime heavy bullocks £l3/17Z6 to £l5/2/6: prime medium ditto £ll/17/6 to £l3/2/6; light £7/17/6 to £9/2/6; prime heifers £9/2/6 to £ll/12/6; light to medium £6/2/6 to £7/17/6; prime cows £7/17/6 to £9/17/6; light to medium £5 to £6/17/6; runners £3/2/6 to £4/12/6. Store Cattle—Bulls £3/10/- to £6 10/-; yearling to 18-montl» steers and heifers, £2/10/- to £4/5/-; cows and runners, £5/2/6 to £7/12/6. Dairy Cattle—Spring cows, £4/15/- to £9/15/-.

Fat Sheep—Prime wethers, 27/10 to 30/1; light to medium ditto, 23/10 to 26/1; prime ewes, 15/7 to 16/10; light to medium ditto, 12/1 to 14/10. Store Sheep—2-tooth wethers, 18/10 to 20/-; rape lambs, 17/- to 18/6. Pigs—Weaners, 20/- to 25/-.

£ s. d. £ s. d. N.Z. Govt. Stock— 3 per cent Inscribed, 15/7/41 100 0 0 —— 3} per cent Inscribed, 15/1/53-57 100 10 0 — 1960 100 10 0 — 4 per cent Inscribed, 15/3/43 101 15 0 103 0 0 15/4/46-49 — 104 2 6 15/6/52-55 —— 105 0 0 31/6/54-58 — 106 12 6 War Loan, 1953 .. .. 80 10 0 — Other Debs.— Auckland Gas, 5 p.c. Perpetual —— 100 10 0 N.Z. Refrigerating, 4j p.c., 1940-45 .. .. 102 0 0 102 7 6 Tlmaru Gas .. .. .. 87 10 0 — Banks— Australasia 8 2 6 — Comm, of Sydney .. — 20 10 0 New South Wales .. 29 5 0 29 lb 0 Union .. 7 1 0 — Insurance— National 0 18 6 — New Zealand — 3 6 Queensland 2 10 6 — Standard 2 19 0 —— A.G.I . .. .. — 0 19 3 Loan and Agency— Ch.Ch. Building .. .. 16 5 0 — Dalgety b 10 0 6 5 0 Mutual Benefit .. .. 13 10 0 N.Z. Guarantee Corp. 0 2 8 0 3 2 Perm. Investment .. 9 12 6 —- United Building .... 1 0 0 — Shipping— Union (pref.) 1 6 0 — Frozen Meat— Canterbury — 10 12 6 N.Z. Refrlg. (£1 pd.) —— 1 0 10 (10/- paid) .. .. — 0 9 L0 Nth. Canterbury (pf.) 0 17 9 0 19 6 Southland 1 14 6 — South Otago .. .. .. 5 1 0 —- Woollens— Felt ahd Textiles .. 1 18 0 — Kalapoi (pref.) .. .. 0 17 9 —— Yarra Falls — 2 0 Wellington (pref.) .. 6 12 6 — Coal— Westport 1 3 0 1 3 9 Westport-Stockton .. 0 2 (pref.) 0 5 9 0 6 9 Gas— Auckland —— 0 7 8 (contr.) 0 2 9 0 5 2 Christchurch — 1 3 6 (10/- paid) .. .. 0 10 8 0 11 3 Breweries— Ballins (15/- paid) .. 0 10 0 11 9 Castlemaine —■— 1 2 6 Dominion 1 g 0 —— Melbourne Co-op. .. 2 14 6 — New Zealand 1 13 0 1 13 9 Staples (in llqdn.) .. 0 1 0 0 3 0 Swan 1 b 0 — Tooths 3 13 9 2 17 0 Wards (In llqdn.) .. — 0 1 6 Miscellaneous— Alloy Steel (Aust.) .. (N.Z.) 0 6 0 12 0 — 1 17 0 Andersons (pref.) —• 0 18 0 Aust. Iron & Steel (pref.) 1 6 6 1 7 6 Booth Macdonald (pf.) 0 4 y 0 5 0 Broken Hili Pty. ... 2 6 6 2 6 9 Burns, Philp .. .. Colonial Sugar .. .. — 2 13 0 52 0 0 —- Dominion Rubber .. 0 10 0 0 19 0 Dominion Builders . 0 5 2 0 6 0 Donaghy’s Rope .. .. —-. 2 lb 3 D.I.C. (10/- paid) .. 0 15 0 — (pref.) 1 2 6 — Electro. Zinc (ord.) . 2 13 9 2 14 9 (pref.) — 2 18 0 Evans Atlas 1 4 0 —— Greater Crystal .. .. 0 13 6 Hay’s (15/- paid) .. 0 18 0 —— Macduffs 0 8 6 0 10 4 (prM.) .. .. 0 19 3 1 0 6 McLeod Bros 26 10 0 ■— N.Z. Drug 3 17 0 4 0 0 National Electric 0 18 0 —— N.Z.F. Co-op “A” pref. — 3 6 4 1 8 0 1 15 0 "B” pref — 1 10 0 (4i p.c. stk., 1949) 81 0 0 — (4j p.c. stk., 1950) 81 0 0 — (4* p.c. stk., 1955) N.Z. Newspapers .. .. 81 0 0 85 0 0 —— 1 13 0 N.Z. Paper Mills .. .. 1 9 6 1 11 0 Selfridges 0 19 0 1 1 0 Wb ombe & Tombs 3 5 0 — Wilson’s Cement .. .. 0 18 6 — W’Worth, Ltd. (ord.) 0 17 4 •— (N.Z., ord.) .. .. 0 14 3 0 14 9 Zinc Invest 0 5 3 — Overseas Listings— W’worths (8. Africa) 0 14 6 — Australian Mining— Broken Hill South .. 1 4 9 1 6 0 Mount Lyell 1 9 0 1 10 3 Mount Morgan .. .. 0 11 6 — New Broken Hill .. 0 lb 0 — Rawang Tin —— 0 10 6 W’gt’n Alluvials .. .. 0 4 4 — Mining— Addisons Flat .. .. o 0 10 — Austral (N.Z.) .• .. 1 4 0 1 9 0 Big River .. .. .. 0 1 2 0 1 5 Consolidated 0 4 6 —— Golden Sands .. .. —• 0 0 11 Grey River 0 16 0 0 17 0 Maori Gold 0 0 1 0 0 3 Moonlight —— 0 0 6 Mossy Creek 0 0 2J 0 0 10 Nemona w— 0 0 6| New River 0 0 2 0 0 b Ngahere — 1 0 0 Unofficial List— Air Travel (N.Z.) .. — 1 1 0 Assoc. Gold Dredges (8/- paid) —— 0 11 6 Ass. Motorists’’ Petrol (pref.) — 1 6 6 Aust. Motorists’ Petrol 0 9 0 0 12 0 Blackball Creek .. .. —— 0 0 10 Christchurch Press .. 6 10 0 8 0 0 Aust. Invest 0 2 6 —— Lange’s Mobile Gas . — 0 3 6 Mlkonui (3/6 paid) . —— 0 3 9 (1/-, pref.) .. .. — 0 5 1 Golden Bay (perp. debs.) ■■ 1 0 0 Selfridges (N.Z.) 0 5 9 — Taramakau (5/- pd.) — 0 4 0 Tlmaru Lime — 1 0 0 Vega Batteries .. .. 0 15 0 Urlwins 2 2 6 —- Todd Motors 0 17 0 — Balllns (debs.) .. .. 91 0 0 —