COMMERCIAL

Press, Volume LXXIX, Issue 23976, 17 June 1943, Page 6

COMMERCIAL

STOCK EXCHANGES BUSINESS AT CHEISTCHUECH Apart from vestibule business, the following transactions were recorded on the Christchurch Stock Exchange yesterday:— Sales on ’Change.—Listed Stocks: 200 Wilson Cement (cum div.), 19s 3d. Sale Reported.—Listed Stock: 125 Ballins Breweries (15s paid), 15s 3d. Latest Quotations. —N.Z. Govt. Debentures; 3 p.c. Stock, 1953-56, s. £9B; 31 p.c. Stock, 1957-60, s. £lOl 15s; 4 p.c. Stock, 1946, s. £102; 4 p.c. Stock, 1949, s. £lO3. Banks: Comm, of Aust., s. 16s 9d; Comm, of Aust. (pref.), b. £lO 7s 6d; National of N.Z., s. 51s; New Zealand, b. 41s 6d. Insurance: New Zealand, b. £4; South British, b. £3 10s. Loan and Agency: Dalgety and Co,, b. £8 2s 6d; Goldsbrough, Mort (ex div.), b. £1 7s 6d; United Building. b. £1 Is 6d. Shipping: Union (pref.). b £1 9s 9d. Frozen Meat; N.Z. Refrig. (£1 paid), b. £1 ss. s. £1 6s 3d: N.Z. Refrig. (10s paid), s. 12s 3d; Southland, b. £1 19s Bd, s. £2 is. Woollens: Kaiapoi (17s paid), b. £1 2s; Kaiapoi (7s paid)a b. 8s 6d. s. 9s 3d; Kaiapoi (pref.), b. £1 2s 3d; Wellington (pref.), b. £8 10s. Coal: Westport, b. £1 4s 9d: Westport-Stockton (pref.), b. 6s 6d, s. 7s 3d. Breweries: Dunedin. b. £1 0s 3d; Melbourne Co-op., b. £2 15s; New Zealand (ex div.), b. £1 15s 9d, s. £1 16s 3d. Miscellaneous: Aust. Consol. Industries, b. £2 11s 6d; Berlei (NZ.) b. £3 10s; British Tobacco, b. £2 5s 6d, s. £2 7s 6d; Broken Hill Pty., b. £2 3s 4d; C.F.C.A. (Stock), b. £92 10s; C F C.A (ord), b 12s 6d; Dunlop Rubber, b. £1 Is 9d, s. £1 2s 6d; G. J. Coles, s. £2 17s 3d; General Industries, b. £1 0s 3d; Greater Crystal, b. 17s 6d; Mark Foy, s 275; Mason, Struthers (£1 paid), b. 14s 6d; M.K. Manufacturers, b. 6s 9d, s. 7s 2d; McKenzies, Ltd. (ex div.), s. £2 ss; N Z Drug Co., b. £4 8s 6d: N.Z. Drug Co. (£1 paid), b. £2 14s; N.Z. Farm Fertiliser, b. £1 0s 7d: Otago Daily Times, b. £2 4s 6d; Standard Cement, b. £1 0s 6d; Wilson's Cement (cum div.), b. 19s; Woolworths (Syd.) (ord.). b. 16s; Wpolworths (NZ) (ex div.), s. 15s 6d. Australian Mining: Mount Morgan, b. 9s 6d, s. 10s 2d. AUCKLAND Sales.—Union Steam (pref.), 29s 9d j Dominion Breweries, 375; New Zealand Breweries, 36s 3d; Colonial Sugar, £su 10s (2); Consolidated Brick, 8s 10Jd; Taranaki Oilfields, 3s lid: Ins Stock, 15/5/4952, 4 p.c., £lO4 (2); Ins. Stock, 15/9/46-48, 3 pc,, £99; Reid Rubber, 27s 3d; War Loan, 1/8/46, 2i p.c., £9B 2s 6d; Alamgamated Brick (Auck.), 1/3/44. 6 p.c., £102; N.Z. Guarantee, 3s 6d; Claude Neon (N.Z.), 245. WELLINGTON Sales.—Late Tuesday: New Zealand Insurance, 81s: Dominion Breweries, 375; McKenzies (cum div.). 455. Yesterday: Bank of N.Z. “D," 31s 3d; Macdufls (pref.), 22s 6d; McKenzies (ex div.), 44s DUNEDIN Sale Reported.—(Late Tuesday), N.Z. Drug Co., 89s 3d. RESERVE BANK RETURN (P.A.) WELLINGTON, Juno 16. The Reserve Bank return for the week ended June 7, with the previous week’s figures in parenthesis, is:— Liabilities.—General reserve fund. £1,500,000 (same); bank note. £31,789,355 (£31,811,909); demand liabilities: State,£17,430,473 (£15,674,041); banks, £32,593,595 (£32,809,623); other, £510,353 (£1,888,412); liabilities in currencies other than New Zealand, -£47,799 (£15,658); other liabilities, £2,093,289 (£1,816,533); total. £(N.Z,>85.965.369 (£85,516,176). Assets.—Gold. £2,801,878 (same); sterling exchance in New Zealand currency, £27,555,659 (£26,788,613); subsidiary coin, £58,729 (£63,694); advances: to the Marketing Department. £7,405,576 (£7,718,036); for other purposes, £34,953,000 (same); Investments, £10,304,987 (£10,298,399); other assets, £2,885,542 (£2,892,557): total, £(N.Z.)85,965,369 (£85,516,176). Proportion of reserve to notes and other demand liabilities, 38.817 per cent. (35.986). COMPANY NEWS Hume Steel, Ltd.—The directors of Hume Steel, Ltd., have declared an interim dividend on preference shares at the rate of 3j( per cent.—P.A. Devonport Ferry.—The Devonport Ferry net profit this year, after providing £27,500 for taxes, was £13,253 against £7865 last year, when taxes totalled £11,200. P.A. Wellington Wool Season.—The Wellington Woolbrokers’ Association report of the business of the 1942-43 season shows that 114,459 bales were sold. The net weight was 42.734.4411b and the gross proceeds were £2,396,400 13s lid.—P.A. MINING Barrytown-Karilerl-Arahura Dredges.— A return of 1040oz was secured during the first half of June. Barrytown secured 2160z from 94,000 yards in 218 hours, Kanieri ran 224 hours for a return of 380oz from 77,000 yards, and Arahura turned over 104,000 yards for a recovery of 4440z in 244 hours. Slab Hut.—The return for the week ending June 12, 1943, was 87 ounces from 13,500 yards, in 90 hours.

Austral-New Zealand Mining, I^d.—During the 28 days ending at midnight on June 12, the dredge of Austral-New Zealand Mining, Ltd., operated for 479 hours and dealt with 277,000 yards of spoil for the production of 534 ounces of bullion.