COMMERCIAL

Press, Volume LXXXII, Issue 24904, 18 June 1946, Page 6

COMMERCIAL

STOCK EXCHANGES MARKETS QUIET BUT FIRM The market was firm but quiet on the Christchurch Stock Exchange yesterday, and recorded dealings were restricted to a few stocks. In all sections of the market, buyers were more in evidence than sellers. Transactions were as follows: Sales on ’Change.-x-Listed stocks: £450 N.Z. Govt., 3 p.c. Stock, May, 1953-56, £99 17s 6d; 50 New Zealand Insurance, £5 5s 6d; 100 Christchurch Gas (fujly paid). 27s 6d; 100 Austral N.Z. Mining, 12s 6d. Sales Reported.—Listed stocks: £7OO Blenheim Borough, 3& p.c. (1/4/51), £lOl 10s; £7OO Springs-Ellesmere Electric Power Board, 4‘/ 4 p.c. (1/12/50), £104; 50 Wellington Woollens (ord.) (late sale Friday). £lO 12s 6d. Sales Reported.—Unlisted stocks: 100 N.Z. Fisheries (cum div.), 19s.

LATEST QUOTATIONS N.Z. Govt.: 31/2 p.c. Inscr., 15/153-57, b. £lO3 17s 6d. Banks: Comm, of Sydney, b. £23 ss; E., S., and A., s. £6 Is; National of N.Z., b. £3 2s 6d, s. £3 3s. Insurance: National, b. £1 Bs, s. £1 8s lOd; New Zealand, b. £5 ss; South British, b. £4 10s 6d. Loan and Agency: W.F.C.A. (pref.), b. 16s; Dalgety, b. £9 12s 6d; Nat. Mortgage **B” (cum div.), b. £2 3s 6d; N.Z.F. Co-op. (4*2 p.c. Stock, 1955), b. £103; N.Z. Loan and Mef; (pref.), b. £llO 10s; Wright, Stephenson (pref.), s. £1 9s 6d. Shipping: P. and O. Deferred Stock, b. £3 10s 6d; Union (pref.), b. £1 13s 9d. Woollens: Felt and Textiles of N.Z., b. £2 Us; Kaiapoi (con., fully paid), b. £1 6s 3d; Manawatu, b. £2 13s 9d; Mosgiel, b. £l5; Oamaru, s; £1 14s; Timaru, b. £1 4s. Coal: Kaitangata, b. £1 4s 9d, s. £1 7s. GaS: Christchurch, b. £1 7s sd, s. £1 7s 9d. Breweries: TdtttW b. £3 7s; Westland, b. £2. Miscellaneous: Booth, Macdonald, b. Is 9d, s. 2s 2d; Burns, Philp, s. £4 2s 6d; Consolidated Brick, b. 12s, s. 12s 7d; Donaghy’s Rope, b. £3 Ils, s. £3 12s 6d; Electro. Zinc (pref.), b. £3 8s 9d, s. £3 9s 6d> Gen. Motors-Holdens (pref.), b. £1 9s; G. J. Coles, b. £4 ss; Herald and Weekly, b. £3 12s 6d; Macduffs, b. £1 0s 9d; Niven and Co., b. £1 9s 6d; Simpson and Williams, b. £2 15s; United Provisions, b. £1 ss; Wilsons Cement (ex div.), b. 18s 6d, s. 18s lOd; Woolworths (ord.)/ b. £1 9s 3d, s. £1 10s 3d; Woolworths (N.Z.), ord., b. £1 8s 6d, s. £1 9s; Woolworths (W.A.), b. £5 10s. Overseas Listings: Woolworths (S. Africa), s. £2 13s 6d. Aust. Mining: Broken Hill South, b. £1 14s 6d; Placer Development, b. £6. Mining: Austral (N.Z.), b. 12s 3d: Kanieri, b. £1 3s 9d, s. £1 4s; Martha, s. 8s 2d; Ngahere, b. 11s 3d, s. 12s. AUCKLAND Sales.—Commercial Bank (499), 22s 3d; National Bank of New Zealand (50), 635; South British (100), 90s 9d; Standard Insurance (75), 88s 6d; Northern Steam (cum div.) (500), 12s; Timaru Wool (200), 24s 6d; Broken Hill Pty. (200), 52s 9d; Colonial Sugar (7). £6O; Consolidated Brick (800), 12s 3d; Fletcher Holdings (500), 37s 6d; G. J. Coles,(100), 85s; G. J. Coles (60), 85s 3d; George Court (100), 625; M.K. Manufacturers (100),.9s 6d; N.Z. Paper Mills (200), 41s; Reid Rubber (400), 35s 6d; Taranaki Oilfiejds (100). 2s 3d; Woolworths (Sydney) (326), 29s 2d; Woolworths (W.A.) (25). £5 15s WELLINGTON Sales.—Late Friday: Ins. Stock, 15/11/5760. ,3 per cent. (£1200), £99 15s; Ins. Stock, 1/8/51-54, 3 per cent. (£250), £lOO 15s; Wool Bonds. 1/2/48, (80), 21s 9d; Wool Bonds 1/2/49 (60), 21s 3d; N.Z. Loan and Mercantile (£598 15s) £BO (2); Consolidated Brick.(soo), 12s 3d. Yesterday: Ins. Stock 15/1/57-60, 3 per cent. (£97Q), £99 15s; National Insurance (500), 28s 9d; Ins. Stock. 15/11/57-60, 3 per cent. (£965), £99 15s; South British Insurance (50), 90s 9d; Bruce Woollen (100), 40s 3d; Taranaki Oilfields (100), 2s 3d; Consolidated Brick (300 and 600), 12s 3d; G. J. Coles (100). 85s 8d: Reid Rubber (108), 35s 6d. „ DUNEDIN Sales Reported.—N.Z. Loan and Mercantile (ord.) (£598), £80; N.Z. Papei ( in OO L 4 U : r» Self ridges (Australia) USSi’ A° s n t N ’ Z - Refrigerating (cont.) ( / 4^L' l7s I d; Inscr Stock, 1955-58, 3 p.c. (£400), £lOO 10s; Dominion Builders’ Supplies (600), 10s. Sales on ’Change.—N.Z. Drug (38 and 62). £5 12s. RESERVE BANK RETURN (P-A.) ~ WELLINGTON, June 17. The Reserve Bank return for the week ended June 10, with the figures for the previous week in parenthesis, is:— Liabilities.—General reserve fund, £1,500,000 (same); bank notes, £44,393,326 J £44,375,902); demand liabilities: State, £18,257,442 (£15,614,988); banks £57,107,174 (£58,906,259); other, £362,312 (£408,677); liabilities in currencies other than New Zealand, £19,971 (£46,528)other liabilities, £3,530,171 (£3,588.387). Total: £(N.Z.) 125,170,396 (£124,440,741). Assets.—Gold, £2,801,878 (same); sterling exchange in New Zealand currency. £81,625,638 (£79,311,677); subsidiary coin, £40,602 (£42,531); advances: to State Marketing organisations, nil (£235,325); for other purposes, £34,025.000 (£37,000,000); investments, £4,016,242 (£4,045,325); other assets, £2,661,037 (£1,004,006). Total: £ (N.Z.) 125,170.396 (£124,440,741). Proportion of reserve to notes and other demand liabilities, 70,269 per cent. (68.787 per cent.).