COMMERCIAL.

Star (Christchurch), Volume XLIV, Issue 46, 24 February 1931, Page 8

COMMERCIAL.

STOCK EXCHANGE. CHRISTCHURCH. Following are to-day’s quotations:—

Sales on ’Change—New Zealand Breweries, 33s 9d; N.Z. Drug Co., 50s 6d; King Solomon, 2s; Mahakipawa, Sid. Sales reported—N.Z. Refrig. (10s paid, late sale February 23), Is 6d. Number of Shares. 500 N.Z. Refrig. (10s paid, late sale February 23). 100 N§w Zealand Breweries. 50 N.Z. Drug Co. 200 King Solomon. 300 Mahakipawa. AUCKLAND BUSINESS. Per Press Association. AUCKLAND, February 24. Business on the Stock Exchange has been only moderate since the last report.. Auckland Gas has been in steady demand, and there have been sales of both issues, with prices unaltered. At this morning’s call there was fair inquiry for banking shares, and buyers for New South Wales moved their limits up to £24 10s. Commercials had buyers at 13s 3d, and for New Zealands 46s 9d was available. Insurances also were rather better, with 36s 3d offered for New Zealands, and 50s for South British. Following sales in Christchurch, Goldsbrough Morts were again in request, with buyers at 17s. Union Oils were offered cheaper at 31s. At the noon call th.ere was a marked firmness in certain sections, with buyers advancing their limits. In the banking class bids for Commercials moved up to 13s 4d, for New South Wales to £25 2s 6d, and for New Zealands to 475. For New Zealand Insurances there were buyers at 36s 6d, and for Goldsbrough Mort bidders were up to 17s 6d, the highest figure reached for some time. King Solomon Mines again attracted interest, and there were buyers at Is lid. O THE It EXCHANGES. AUCKLAND, February 24. Sale—British Tobacco, 27s 6d. Reported sales—Mount Lyell, 19s Id, 19s 4d; Auckland Gas, 22s 6d.

ADVANCE IN PRICES AT ASHBURTON YARDS. (Special to the " Star.”) ASHBURTON. February 24. There was a good yarding of fat sheep at the Ashburton yards to-day, and prices, compared with the Tinwald sale last week, showed an advance of 2s a head for the best pens. Messrs Doak brothers, Wakanui, secured top price (7s) for ewes; and Mr K. Butterick (14s 7d) for lambs. The best price for wethers was 15s Id. Sales were:— Fat ewes—Ten at 5s 3d, six at 4 s 9d, seven at 4s 9d, six at 4s 6d, six at 4s Id, six at 5s 7d, eight at 5s Id, seven at 4s lOd, seven at 5s 4d, ten at 4s 6d, twenty at 3s 4d, ten at 4s 7d, eight at 5s 10d, eight at 4s lOd, eight at . 4s 7d, seven at 5s 7d, six at 5s lOd, nine at 4s 4d, eleven at 5s Id, twelve at 4s 4d, eight at 6s Id, ten at 4s 4d, eight at 6s Id, ten at 4s 4d, seven at 4s 10d, eight at 4s Id, five at 4s 4d, five nt 4s 7d, eleven at 2s 4d, seven at 6s 4d, six at 4s 7d, nine at 4s 4d, five at 6s Id, five at 4s lOd, seven at 5s Id, seven at 4s 4d, eight at 5s lOd, six at 4s Id, eight at. 5s Id, seven at 4s Id. six at 6s 7d, six at 4s lOd, thirteen at 3s lOd, eleven at 4s lOd, eight at 6s 7d, eight at 6s Id, seven at 4s 7d, thirtysix at 3s lOd, seven at 7s, eight at 6s 4d. Fat lambs—Six at 14s 7d, five at 13s -Id, four at 11s lOd, three at 11s 4d, thirteen at 13s 4d, four at 14s Id, three at 13s 4d, five at 13s 4d, five at 12s lOd, seven at 11s 4d, five at 12s 4d, four at 13s 7d, five at 12s Id. Fat wethers—Eight at 14s 4d. eight at 14s lOrl, eight at 15s Id, two at 9s ]od, eight at 11s 4d, eight at 14s 7d, three at. Its id, eight at 14s 7d, twelve at Ss 7d, nine at Ss lOd, ten at 7s 7d. MINE MANAGER'S REPORT. A telegram received by the Christ*church Stock Exchange, Ltd., from K4ug Solomon Lead, Lts.. Qore. dated February 23, states that the mine manager’s report states that 89ft of driving had been done at the mine for the three weeks ending February 21, making a total distance of 222 feet from the shaft. The whole of this development had been in wash, and the present prospect continued to look promising for the future. Twentyseven ounces were won from the wash treated. to commence at .7,45 p.m, , * .

<3 Seller £ d. N.Z. GOVT. STOCK»3 P-c. Iriser., 1933 98 15 0 99 10 0 5i p.c. Bonds, 1933 99 0 0 51 p.c. Bonds, 1936 9 8 0 0 61 p.c. Stk.. 1931 9 6 0 0 98 5 0 OTITER DEBENT t:RES River Trust, a\ p.c., 1965 92 0 0 Christchurch City £>} p.c., 1944 .. 94 10 0 Christchurch Drainage Board = J p.c., 193S-73 . 99 0 0 99 10 0 Power, p.c., 1937 99 10 0 N.Z. Breweries (Bonds) 1 1 3 1 6 BANKS— Aust. of Com0 13 0 14 Australasia s 10 0 Com in. of Aust. . . 0 13 3 0 13 9 Comm. of Aust. (pref.) 5 12 6 5 5 0 National of N.Z. . . 4 10 0 4 14 u New South Wales (cum div.) .... 25 10 0 26 10 0 New Zealand .... 2 6 9 2 7 l» New Zealand (“D” mtge. shares) . . 1 5 0 Union of Aust. .. 6 10 0 7 0 0 INSURANCE— National 0 12 6 0 13 3 Queensland 2 10 0 14 0 LOAN AND AGENCY — Christchurch Building Society 10 10 0 13 0 0 Goldsbrough, Mort 0 1 8 0 6 Mutual Benefit . . 10 0 N.Z. Guarantee Corporation 0 5 11 ment 9 0 0 10 10 0 United Building Society 0 12 10 0 15 0 FROZEN MEAT— (pref.) 4 0 0 N.Z. Refrigerating (£1 paid) 0 6 9 9 N.Z. Refrigerating (10s paid) .... 0 1 6 North Canterbury Freezing 0 0 WOOLLENS.-— Kaiapoi (17s paid) 0 6 0 COAL— "Westport ...... GAS— Christchurch .... 1 4 9 1 .paid) • 0 10 0 0 11 0 BREWERIES— 1 13 8 1 . Staples 11 0 1 13 0 Timaru (5s paid) 0 4 3 0 5 0 Tooheys 0 12 0 HI Tooths 1 0 0 1 MISCELLANEOUS— Allied Motors .... 0 Wireless (contr.) 0 12 6 1 1 2 Beath and Co. 1 1 9 paid) 0 1 2 1 7 7 1 Burns Philp .... 1 3 1 13 6 Colonial Sugar . . D.I.C. (10s paid) . Dunlop Perdriau Rubber 0 7 0 Electrolytic Zinc Cord.) 0 Electrolytic Zinc (pref.) 0 14 c Olenmore Brick and Tile 0 18 Greater Crystal Palace 0 12 6 Holden's Motors . 0 9 3 0 12 0 S Mount Lyell .... n 19 4 0 19 13 N.Z. Drug Co. . . 10 6 2 11 6 N.Z. Farmers’ Cocp. (£2 3 0s paid) 1 0 0 N.Z. Farmers’' Coop. (“B” pref.) N.Z. Farmers’ Coop. (61 p.c. stk., 1940) 45 0 0 60 0 N.Z. Farmers’ Coop. (61 p.c. stk., 1945) 45 0 0 65 0 N.Z. Paper Mills 0 15 6 0 1 8 6 Taranaki Oils .... 0 3 6 Whitcomb e and Tombs 2 11 6 2 15 Wilson’s Cement . 1 18 0 2 0 0 MINING— Alexander 0 8 0 Cornish Point .... 14 King Solomon .... 0 0 0 2 Mahakipawa .... Okarito 0 5 t> Stoney Creek (7id paid) 5 Waihi 0 15 3 1» Winding Creek (Is paid) 0 0 a 0 0 Winding Creek (9d paid) - . North Broken Hill