COMMERCIAL

Press, Volume LXXXII, Issue 24899, 12 June 1946, Page 8

COMMERCIAL

STOCK EXCHANGES MARKETS CONTINUE FIRM Markets continued firm on the Chrlstoburch Stock Exchange yesterday, and there was a good volume of diversified business, with increased turnover in the Government section. Transactions were as Sales on ’Change.—Listed stocks: £2OO N.Z. Government 3 per cent. Stock, December, 1953-56, £lOl 7s 6d; £665 N.Z. Government 3 per cent. Stock, 1957-60, £99 17s 6d; £515 N.Z. Government 31 per cent. Stock, 1957-60, £lO2 12s 6d: 50 Liberty Bonds, 21s 9d; 50 Liberty Bonds, 21s 9d: 50 Liberty Bonds, 21s 9d, 200 Westland Breweries, 40s; 200 Ngahere, Us; 200 Ngahere, Ils. Sales on ’Change.—Unlisted stocks: 100 Selfridges (N.Z.) (con.), 14s. Salos Reported.—Listed stocks: 57 Liberty Bonds, 21s 9d; 100 National Bank of New Zealand, 62s 6d; 50 National Bank of New Zealand, 62s 6d: 200 Westland Breweries. 40s; 100 Consolidated Brick, Us 9d; 100 Consolidated Brick, Ils 9d; 200 Frozen Products, 23s 6d; 500 Silknit, 335; 400 W. R. Cooke and Son, 13s.

Latest Quotations N.Z. Govt. Debs.—2J per cerfi. Ins., 1/8/46, b. £lOO 15s; 3 per cent. Ins., 15/12/53-56, b. £lOl ss, S. ™ S; per cent. Ins-., 15/11/57-60, b. £9O 15s, 34 per cent. Ins., 15/9/57-60, b. £lO2 10s; Liberty Bonds, b. £1 Is 8d; Wool Bonds, 1/2/49, b. £1 is Id, s. £1 Is 3d. Banks: National of N.Z., b. £3 2s, s. £3 2s 6d; Union, b. £9 16s, Insurance: New Zealand, b. £5 ss; Standard, s. £4 9s. Loan and Agency: Natl. Mortgage ‘B, (cum div.), b. £2 3s 6d; N.Z. Loan and Merc, (ord.), b. £79; N.Z. Loan and Merc, (pf.), b. £llO 10s; Permanent Investment, b. £ll 10s. Frozen Meat: Nth. Canterbury (pref.), b. £1 3s. Woollens: Felt and Textiles, b. £3 6s 6d. Coal: Pukemiro (cum div.), b. £l. Gas: Christchurch (10s paid),’s. 13s 6d. Breweries: Ballins (cum div.), b. £1 7s, s. £1 Us; .New Zealand (ex div.), b. £2 13s 9d, s. £2 14s 6d; Westland, b. £1 18s, s. £2. Miscellaneous: Andersons (pref.), b. £1 ss, s. £1 8s; Booth, Macdonald (pref.L s. 12s; Broken Hill Pty., b. £2 6d, s. £2 13s 3d; Burns, Philp, s. £4 2s 6d; Consolidated Brick, b. 11s 3d, s. Ils 9d; Dominion Bldrs., b. 10s, s. 10s 6d; Dunlop Rubber, b. £1 Us 6d; Electro. Zinc (pf.), b £3 8s 6d; Frozen Products, b. £1 3s 6d; Gordon and Gotch, b. £4 14s 6d; Hays. Ltd., b. £3 Is; Hay’s, Ltd. (15s paid), b. £2 14s, s. £2 19s 6d; Mason, Struthers (£1 paid), b. £1 2s; Mason, Struthers (14s paid), b. 15s 3d; Mason, Struthers (10s paid), s. 12s 3d; Macduffs, b. £1 0s 6d; Macduffs (pref.), b. £1 7s 6d; Niven and Co., b. £1 9s; Niven and Co. (rights), s. 12s sd; Radio (1936), b. £1 3s; Selfridges, b. £1 19s 9d, s. £2 3s; Silknit, s. £1 13s 3d; Taranaki Oilfields, s. 2s 6d: United Provisions, b. £1 4s 6d; Whitcombe and Tombs, s. £9; Wilsons Cement (cum div.), b. 18s 3d » s -. lB ® Woolworths (ord.) (ex bonus), b. £1 8s 10d, s. £1 9s Id; W. R. Cooke and. So ns, b. 12s 9d. s. 15s. Overseas Listing: Woolworths (South Africa), s. £2 15s. Aust. Mining: Bulolo, s. £7 ss; Emperor, b. 19s. N.Z. Mining: Ngahere, s. lls 3d. AUCKLAND Sales.—lns. Stock, 15/5/48. 21 per cent (£200), £99 10s; Ins. Stock, 15/5/48, per cent. (£200), £99 Ils 3d; Ins. Stock. 15/6/47-49, 24 per cent. (£5300), £lOO 7s 6d; Ins. Stock, 178/51-54, 3 p.c. (£250) £lOO 10s; Ins. Stock, 15/9/52-55, 3 per cent. (£1000), £lOO ss; Ins. Stock, 15/12/53-56, 3 per cent. (£200), £lOl ss; Ins. Stock, 15/2/55-58, 3 per cent. (£4500), £lOO 7s 6d; Ins. Stock, 15/4/56-59, 3 per cent. (£3100), £99 18s 9d; Ins Stock, 15/6/52-55, 4 per cent. (£550), £lO6 15s; Wool Bonds, 1/2/49 ( 200), 21s 3d; National Savings Bonds, 2/4/47 ( 500), £97 10s; National Savings Bonds, 3/11/47 (100), £95 10s; Union Bank (25), £9 17s 6d; New Zealand Insurance (150), £5 6s; South British (300), 90s 6d; Standard Insurance (100), 88s 6d; Northern Steam (paid) (480), 12s; Felt and Textiles of New Zealand (M 0 51s 3d; Kaiapoi (new) (200), 26s 3d; Dominion Breweries (100), 65s 6d; Colonial Sugar (2), £6O; Consolidated Brick (200), Ils 8d; Cribb and Foote (835), 17s 9d; Fletcher Ho-ldings (150), 375; Hadfield’s Steel (100), 14s 6d; K.D.V. Boxes (200), 12s; Northern Roller (100), 28s 6d; Silknit (N.Z.) (600), 335: Wilson's Cement (100), 18s 9d; Woolworths (N.Z.) (100), 28s; Woolworths (N.Z.), (pref.), (150), 44s 6d; Wool worths (Syd.) (96), 28s 9d. z WELLINGTON Sales. —Late Monday: Bank of New South Wales (5), £3B 15s: N.Z._Guarantee Corpn. (1000), ss; South British Insurance (200), 90s?6d; Howard Smith (100), 25s 9d: Broken Hill Pty. (100), 52s 6d; G. J. Coles (75), 85s 6d; Frozen Products (200), 23s 6d; Wool worths Properties (cum div.) (100), 33s 6d. Yesterday: Christchurch Ga« (200), 27s 3d; Taranaki Oilfields (400). 2s; Wilson's Cement (cum div.) (1000), 18s lOd; Ins. Stock, 1956-59, 3 per cent. (£500), £99 18s 9d; Ins. Stock, 15/4/56-59, 3 per cent. (£2400), £99 18s 9d: Ins. Stock, 15/11/57-60, 3 per cent. (£570), £9ff 15s; South British'lnsurance (100), 90s. 6d; Reid Rubber (100), 35s 6d; Woolworths (N.Z.), Ltd., (ex div. and bonus) (100), 28s; G. J. Coles (120). 85s 3d; Rubber Distributors (2s 6d paid), (200), 9s 9d; Wilson’s Cement (200), 18s lOd; Woolworths, Ltd. (ex bonus) (100), 295; Macduffs, Ltd. (pref.) (300), 27s 6d; Silknit (N.Z.), (100), 33s lOd. DUNEDIN Sales Reported.—Late Monday: Ins. Stock. 1955-58, 3 per cent. (£2700), £lOO 10s; National Bank of Australasia (con.), (116), £7 8s; N.Z. Breweries (100), 545; Wellington Woollen (ord.) (50), £lO 12s 6d; Colonial Sugar (2), £6O; Wilson’s Cement (100), 18s lOd. Yesterday: Commercial Bank (ord.) (200), 22s 3d; Westland Breweries (300), 40s; Booth, Macdonald (pref.) (500), Ils lid: Booth, Macdonald (100), 12s; Austral-N.Z. Mining (200), 15s; Ins. Stock, 1955-58. 3 per cent. (£1100), £lOO 10s; Wilson’s Cement (100 and 200), 18s lOd; Ngahere Gold (200), Ils.

COMPANY NEWS

Felt and Textiles of Australia.—The directors of Felt and Textiles of Australia, Ltd., have declared a dividend on 6 per cent, second preference shares lor the half-year ending June 30, 1946, payment to be made on July I.—(P.A.) Northern Steam.—The usual dividend of 5 per cent, on both ordinary anti contributing shares is being recommended by the directors of the Northern Steam Ship Company, Ltd., for the year ended March 31, payable on June 28.—(P.5.5.) Renown Collieries.—Renown Collieries, Ltd., will declare unchanged dividends of 3d a share on ordinary snares and 7 per cent, on preference shares for the year ended July 31, 1945. Results for the year have been delayed pending a settlement under the Waikato Coal Mines Control Emergency Regulations, 1942. The dividend is payable on June 25.—(P.5.5.) Hill and Plummer.— An increased dividend of 74 per eent. (final 44 per cent.) has been recommended by Hill apd Plummer, Ltd. Last year’s dividend was 7 per cent. Net profit for the year ended April 30 was £52 higher at £4630. The directors report an increase of £15.782 in sales, but owing to the reduced margin, profits were not correspondingly greater The net result was also adversely affected by increased overhead charges, particularly wages.—(P.S.S.)