COMMERCIAL

Press, Volume LXXIX, Issue 23975, 16 June 1943, Page 4

COMMERCIAL

STOCK EXCHANGES Yesterday was a quiet day on the Christchurch Stock Exchange. Apart from vestibule business, the following transactions were recorded:— „„„„ Sales on ’Change.—Listed Stocks: £2OO N.Z. Govt. 4 p.c. Stock. 1946. £lOl 15s. Sales Reported.—LUted stocks: £350 N.Z. Govt. 4 p.e. Stock, 1948, £lßl Ifc; 400 Westport-Stpckton Coal (pref.), 6s 6d; 350 Broken Hill Pty., 43s 8d (4). Latest Quotations N.Z, Govt. Debentures: 3 pc. Stock. 1053-36, s. £08; 3i p.C. Ptoph. 1937-80, s. £102; 4 P.c. Stock, 1048, a. £102: 4 p.c. Stock, 1949, hj. £lO2 15s. a. *103; 4 D,C. Stock. 1952-53 (ex interest), b. £lB5 I6s: 4 p.c. Stock, 1954-58, b. £l6B 16s, *. £167 10s; 4 p.c. Bonds, 1948, b. £lOl 18a; War Loan, 1/10/53, b. £93 19s. Banks: Comm, of Aust., s. 17s: New Zealand, b. 41? Bd. s. 41s 7d; Union of Australia, b. £7 14s Bd. Insurance; New Zealand, b. 80s 3d, Loan and Agency: Christchurch Building, b. £lB 15s; Newton King (pref.), b. 18s Bd. Frozen Meat: Canterbury, b. £l3 8s; Canterbury (pref.), b. £8; N.Z. Refrig. (10a paid), s. 12s 4d; Southland, b. 38s od. Woollens: Bruce, b. £1 6s; Kaiapoi (7s pd.). b. 8s 4d; Mosgiel. b. £ll ss; Oamaru, b. 25s 6d; Timaru, b. 19s 9d, Coal: Westport. b. 24s 9d; Westport-Stockton (pref.), b. 6s 4d, s. 7s 6d. Gas: Chch„ s. 26s Breweries: Dunedin, b. 20s Sd; Melbourne Co-op., 55s 6d; New Zealand (ex div.), s. 375; Tooheys, b. 30s 9d. s. 335, Miscellaneous: Berlei (N-Z-). b. 70s; British Tobacco, s. 47s 6d; Broken Hill Proprietary, b. 43s 3d, s. 43s 9d; Canterbury Roller Flour, b. 13s: Claude Neon. (N.?J, ?• 2?5; Donaghy Rope. b. 58s; IJvans Atlas flour, b. 255, ?. 28s; G. J. Coles, s. 575; Ctonml Industries, b. 20s Od; Ctnaral Mat9ig» Holden's (pref.), b, 245; Hadfleldj, b. Uf s. 81s: Morris Hedstrapo (cum dlv.), b. 28s 6d; N.Z. Drug Co., b. 88s 8d! Tara* nakl Oilfields, s. 545: Woolworth? (Byd., Ist pref.), b. 325; Woolworths (Byd., 2nd pref.), b. 28s; W. R. Carpenter, b. 355, s. 41s. Australian Mining: Mount Morgan (pref.), b, 21s. N.Z. Mining: Arahurg, b, 26s 6d; Una Hill, s. 7d, AUCKLAND Sales.—War Loan, 1/8/81-34, 3 per cent., £9B ss; Ins. Stock, 15/5/49-58, 4 per cent., £104; Auckland Gas (Perpetual Debentures), £BB ss; National Bank of New Zeeland, 50s 3d; New Zealand Insurance, 81s; Auckland Gas, 7s 3d; Huddart Parker, 53s fid; Dominion Breweries, 3(is 9d, 375; New Zealand Breweries. 36s 3d: Broken Hill Pty., 43s 6d; McKenzies Stores, 455; Wilson’s Cement, 19s. WELLINGTON Sales.—Late Monday: Ins. Stock. 15/5/49-52, 4 per cent., £104; South British Insurance, £3 10s 8d; Huddart Parker, £2 13s 6d. Sales yesterday: McKenzie’s Department Stores, £2 ss: In*Stock, 15/5/53-56. 3 per cent.. £9B. DUNEDIN Sale Reported.—Late Monday: Dominion Breweries, 36s 9d. Sales Reported.—Yesterday: Aqst. Irpn and Steel (pref.), 31s; Union Steam Ship (prof.), 29a 9d; New Zealand Ins. Stock, 4 per cent., 1949-59, £lO4 2s 84: In». Stock. 3 per cent., 1953-56, £97 17a 64, , SYDNEY Trading was quiet on the Sydney Stock Exchange yesterday. Quotations ware inactive. Sales.—Bonds Industries, 275; Berlei, 33s 3d: Tooths, 565; Commercial Bank of Sydney. £l9 Is; Oilsearch, 3s 6d; Burns. Philp South Sea, 20s 6d: Colonial Sugar. £sl ss; Broken Hill Pty., 40s; Woolworths, 14s 6d: Drug Houses, 20s 6d; Goldsbrough, Mort, 28s 6d; Henry Jones, 50s 6d. COMPANY NEWS Woolworths Properties.—Woolworths Properties, Ltd,, advise that a dividend for the half-year ended June 30, 1949, has been declared at 8 per cent, per annum on preferred and ordinary share capital, payable on July 15, 1943. —P.A. Dominion Breweries.—Dominion Breweries’ net profit this year was £36,479, compared with £25,972 in the previous year. Taxation absorbed £187,238 of the company’s earnings, an increase of £82,808, and the gross profit was £383,405, against £273.015 in 1942.-P.A. MINING Associated Gold Dredges (N.Z.), Ltd.— For the week ending June 12 this company’s dredges recovered 1540z from 52,500 yards in 289 dredging hours. . The dredges worked a day short because of the the King’s Birthday holiday, Austral-New Zealand.—'Austral - New Zealand, for the 28 days ended June 12, operated for 470 hours, treating 277,000 yards and producing 5340z of refined bullion—P.A. STOCK SALES RANGIORA There were improved entries at the weekly stock market at Ranglors yesterday. Values were:— Sheep—Two-tooth wethers, 91s to 84s. Cattle.—Springing heifers, £l2 15s; spring calvers, £7 to £l4 IQs; store cows, £3 to £6 10s. Pigs.—Stores, 33s to 375; weaners, 12a to 17s. ASHBURTON Prices were fairly steady at last week’s rates at the fortnightly stock sale at the Ashburton yards yesterday. There was a fair yarding of fat ewes, but few cattle were entered, and the entry of lambs was poor. Ewes made from 10s lOd to 39s 4d: lambs, 24s id to 27s 40; wethers. 25s 3d to 35s 4d. In the fat cattle section steers sold at £l2 12s 6d to £ll 12s Bd, a cow at £6 7s 6d, and a heifer at £8 19s. lorneville (P.A.) INVERCARGILL, June 15. Values for wethers at the Lornevilje sale to-day showed an Improvement of about 3s, but prices for freezing ewes remained unchanged. Good quality mediumweight wethers sold from 33s 6d to 35s 6d, light-weight 30s to 31s Bd, smaller and unfinished sorts 28s to 20s, prime young ewes up to 26s Bd, good quality butchers ewes 23s 6d to 24s 6d, medium 21s to 22* 6d. and freezing ewes 13s to 16s. Extra good quality lambs realised up to 31s, good quality 26s to 27s 6d, and values generally ranged from 20s to 22s 6d. Values for better quality flit cattle were easier compared with last week * sale. Light-weight steers and heifers were definitely easier, and at times were almost unsaleable, Prime quality heavy-weight bullocks sold from £lB 5s to £l7, good quality medium-weights £l4 Ss to £ls ss, handy-weights £l2 10s to £l3 10s, light-weights £9 15s to £ll, and unfinished sorts £7 10s to £8 10s. Extra prime heifers made from £l2 15s to £l3 15s, good quality £lO 5s to £ll, medium £8 10s to £9 10s, and light-wieghts £7 to £8 ss. Extra good cows brought from £lO 5s to £ll 10s, good quality £8 15s to £9 10s, medium £8 10s to £7 10s, and aged £5 5s to £5 15s. RABBITSKIN SALE “ The Press" Special Service DUNEDIN, June 15. At to-day’s rabbitskin sale approximately 53 tons were offered. Demand generally was not so strong, particularly for autumn grades, and these in most cases realised substantially lower prices. The levy came into operation, and as a result buyers’ limits were adjusted accordingly, Allowing for the application of the levy, the market as compared with values ruling at the previous auction can be quoted as follows:—Winter bucks, 6d to 9d per lb, lower, winter does par to 6d per lb firmer, autumns 12d to 24d per lb lower, racks 9d per lb lower, low grades firm. Following is the official range of prices: First winter bucks, 147 d to 150 d; first winter does, 152 d to 154 d; second winter bucks, 141 d to 146 d; second winter does, 141 dto 147 d; first spotted winter bucks, 133 d to 137 d; first spotted winter does, 133 d to 138 d; outgoing bucks, 123 d to 128 d; outgoing does, 120 d to 125 d; spring bucks, 102 d to 104 d; spring does, lOld to 106 d: early winter bucks. 144 d to 145 d: early winter does, 139 d to 140 d; second early winter bucks, 134 d to 137 d; second earlv winter does, 123 d to 125 d; first incomings, 139 d to 142 d; second incomings. lOld to 105 d; first late autumns. 127 d to 129 d; second late autumns, 94d to 97d: first early autumns, 90d to lOOd: second early autumns, 84d to 95d; dawny autumns 90d to 91Jd; racks, 74d to 76Jd; runners. 60d to 63Jd; small, 31d to 31Jd; summers, 55d to 56d; milky, 17Jd to 65d; first winter broken, 84Jd to Slid; second winter broken, 72Jd to Slid; summer broken, 54d to 55Jd; winter blacks, 146 d to 155 d; second winter blacks, 107 d to 137 d; autumn blacks, 106 d to 113 d; summer black*. 56d to sßd: winter fawns, 146 d to 148 d: autumn fawns. 145 d to 148 d; hare«kin*. 44d to 66d; ferret skin*, to 18* 3d.