COMMERCIAL

Press, Volume LXXXII, Issue 24905, 19 June 1946, Page 10

COMMERCIAL

STOCK EXCHANGES MARKET CONTINUES FIRM The share market continued firm yesterday, and the recorded turnover, which was restricted to a few stocks, was again of small dimensions. Sales on ’Change.—Listed stocks: £265 N.Z. Govt. 3 p.c. Stock. 1957-60, £99 15s; £250 N.Z. Govt. 4 p.c. Stock, 1952-55, £lO4 15s; 100 Wool Bonds, 1/2/49, 21s 2d; 400 Booth, Macdonald (ord.), 2s; 100 Broken Hill Proprietary, 52s 9d; 50 Broken Hill Proprietary, 52s 9d; 50 Broken Hill Proprietary, 52s 9d; 100 Consolidated Brick, 12s 4d; 100 Consolidated BriCk, 12s 3d; 100 Wilson’s Cement (ex div.), 18s 9d. Sales Reported.—Listed stocks: 100 Christchurch Gas (fully paid), 27s 7Jd; 750 New Zealand Breweries, 54s 6d.

LATEST QUOTATIONS N.Z. Govt. Bonds: 3 p.c. Inscr., 15/2/5558, b. £lOO 7s 6d, s. £lOO 12s 6d; 3 p.c. Inscr., 15/11/57-60, b. £99 15s; 4 p.c. Inscr., 15/6/52-55, b. £lO4 15s; Wool Bonds, 1/2/49, b. £1 Is Id, s. £1 Is 3d. Banks: Comm, of Aust., b. £1 2s 3d, s. £1 2s sd; National of N.Z., b. £3 25.. Insurance: National, b. £1 8s 6d, s. £1 8s lOd. Loan and Agency: Dalgety, b. £9 13s, s. £10; N.Z. and River Plate, b. £1 Is 9d; N.Z. Farmers’ Co-op. (Ist pref.), b. £5 18s; N.Z. Farmers’ Co-op. (A pref.), b. £4 0s 6d; N.Z. Farmers’ Co-op. (B pref.), b. £4 0s 6d; N.Z. Guarantee Corpn., b. ss. Frozen Meat: Canterbury (pref.), b. £8 10s; Southland, b. £3 3s. Woollens: Felt and Textiles, b. £3 6s 6d. Coal: Kair tangata, s. £1 6s 6d. Gas: Christchurch s. £1 7s 8d; Christchurch (10s paid), b. 13s, s. 13s 6d: Wellington, b. £1 15s 9d. Breweries: Ballins (cum div.), b. £1 7s, s. £1 10s 6d; New Zealand, b. £2 14s 6d. Miscellaneous: Aust.' C. 1., b. £3 Is 6d; Booth, Macdonald, s. 2s 2d; Booth, Macdonald (pref.), b. Ils lOd, s. 12s; Broken Hill Pty., b. £2 12s 6d, s. £2 13s; Consolidated Brick, b. 12s 4d, s. 12s sd; Dunlop Rubber, b. £1 12 9d; G. J. Coles, b. £4 5s 3d; Griffin and Sons, b. £2 14s; HerhlcL and Weekly, b. £3 13s; Hume Pipe (Aust.), b. £1 3s 6d; Mason, ’Struthers (10s paid), s. 12s 3d; Morts Dock, b. £1 12s 6d; -Macduffs, b. £1 Is; Macduffs (pref.), b. £1 7s 9d; N.Z. Forest Products (pref.), s. 9s 8d; Rotoiti Timber, b._ 10s; Whitco’mbe and Tombs, b. £8 10s, s. £9 ss; Wilson’s Cement (ex div.), b. 18 8d; Woolworths (N.Z.) (ord.), b. £1 Bs, s. £1 9s; W. R. Carpenter, s. £2 10s; W. R. Cooke and Son, b. 12s 6d, s. 12s 9d. Australian Mining: New Broken Hill, b. £1 17s 6d; North Broken Hill, b. £3 4s; Rawang Tin, b. 9s 9d. N.Z. Mining: Austral (N.Z.), b. 12s 6d, s. 14s; Big River, s. ,6d; Grey River, b. 10s, s. Us; Ngahere, b. Ils 6d, e. 12s; Ngahere Deferred, b. 7s, s. 7s 3d.

AUCKLAND Sales.—lns. Stock, 15/6/47-49, 2J per cent. (£500), £99 Is 3d; Ins. Stock. 15/4/50-51, 2J per Cent.' (£300), £9B 10s; Ins. Stock, 15/5/53-56,-3 per cent. (£800), £100; Ins. Storck, 15/12/53-56, 3 per cent. (£200), £99 12s 6d: Liberty Bonds, 15/9/49 (136), 21s 9d; Bank of New South Wales (10), £39 ss; Natl. Insurance (100), 28s lOd; N.Z. Insurance (50), £5 5s 9d; South British Insurance (200), 90s 6d; South British Insurance (50), 90s 9d; Felt and Textiles (N.Z.) (100), 51s 6d; Dom. Breweries (200), 65s 3cfr Anthony Hordern (100), 245; Con. Brick (800), 12s 4d; Farmers’ Trading (200), 32s 3d; Fletcher Holdings (200)., 37s 9d; G. J. Coles (50), 86s; M.K. Manufacturers 9s 6d; N.Z. Paper Mills (120), 41s; Raoio, 1936 (10t)), 235; Wilson’s Cement (900), 18s ,7d; Woolworths (Syd.) (500), 29s 4d.

WELLINGTON Sales.—Late Monday: Ins. Stock, 15/Ll/57-60, 3 per cent. (£1600), £99 15s. Yesterday: Consolidated Brick (100), 12s 3d; Ins. Stock, 15/6/47-49, 2J per cent. (£915), £99 ss; Ins. Stock, 15/5/53-56, 3 per cent. (£350), £99 17s 6d; National Insurance (500). 28s 9d; Taranaki Oilfields (300), 2s 3d; Macduffs, Ltd. (pf.), (100), 28s; Commercial Banking Company of Sydney (20), £23 12s 6d; McKenzies Dept. Stores (ex div.) (125), 65s 6d; N.Z. Refrigerating (con.) (100), 17s 7d; Mount Lyell (100), 24s 6d.

DUNEDIN Sales Reported.—Wool Bonds, 1948 (£95), 21s 8d; Wool Bonds, 1949 (£9O), 21s Id; N.Z. Paper Mills (!20 and 160), 41s; National Insurance (500), 28s 9d; N.Z. Forest Products (ord.) (150), 5s 9d; Mount Lyell (100), 24s 6d.

RABBITSKIN SALE .

“ The Press ’’ Special Service DUNEPIN, June 18. Seventy-four tons of rabbitskins were [ offered at to-day’s sale. Competition was keen, and prices for low grades can be quoted firm, while winters showed an , appreciation of 3d to 15d per lb. Following is the range of prices:—runners and small, 56d to 60d; racks, 121 d to 128 d; third broken, 84d to 92Jd; second broken, 118 d to 12’Jd; first broken, 132 d ' to’l3Bd; milky, 84d to lOld; summers, IOOd l to 103 d; third incomings, 132 d to 136 d; second incomings, 164 d to 171 d; first incomings 176 d to 179 d; third early winter 1 bucks, 138 d to 158 d; third early winter does. 144 d to 156 d; second early winter bucks, 182 d to 190 d; second early winter does, 176 d to 186 d: first early winter J bucks, 208 d to 214 d; first early winter does, 196 d to 209 d; second spring bucks, ; 129 d to 139 d; first spring bucks, 146 d to 158 d; second spring does, 122 d to 134 d; first spring does, 138 d to 150 d; first winter i bucks, 210 d to 218 d; second winter bucks, i 194 d to 209 d; winter bucks (spotty), 169 d to 184 d; first winter does, 201 d to 214 d; second winter does, 184 d to 199 d; winter does (spotty), 167 d to 179 d; first hare • skins, to 171 d; second hare skins; to 146 d; , first fawns, to 222 d; second fawns, to 89d; i first blacks, to 219 d; second blacks, to 171 d; third blacks, to 140 d; fir%t ferrets, to 26s lid; second ferrets, to 14s Id; first stoats, to 14s 2d. STOCK SALES LORNEVILLE (P.A.) INVERCARGILL, June 18. At the Lomeviile stock sale to-day, the yarding of fat sheep was the largest for 1 some time. Better quality wethers were Is easier, and better quality ewes 2s easier, but light-weight wethers and freezing ewes were unchanged. .Prime quality heavy-weight wethers 46s to 495, medium-weights 42s 6d to 44s 6d, lightweights 38s to 41s, unfinished 32s to 34s 6d; good quality maiden ewes, 33s to 375; good butchers’ ewes, 26s to 295, fair quality 24s to 25s 6d; freezing ewes, 17s to 245, according to weight and quality. There was an increase in the number of fat lambs yarded, but the quality was poor. Competition was keen, and prices were in keeping with, if not above, expert schedule rates. There was a large yarding of fat cattle, the majority being good quality medium and handy-weights of ajl classes. Good quality cows were a little firmer, and better quality bullocks and heifers a little easier. Light-weights and' unfinished were easier by about £l. Heavy-weight bullocks made £l9 10s to £2l 12s 6d, good quality medium-weights £l7 to £lB 10s, light-weights £l3 10s to £l5, small and unfinished £ll to £l2 10s; good''quality heifers to £l4 17s 6d, handy-weights £l2 to £l3 10s, light-weights £lO 10s to £ll 10s, small £8 to £9 10s; good quality coWs, £l2 to £l3 10s, medium £lO 15s to £ll 10s, average £9 to £lO, 4ged and unfinished £7 to £8 10s. ASHBURTON Very little change in values compared with current prices was recorded at the Ashburton stock sale yesterday. The yarding of fat sheep was fair, but stores were not in great supply, and the attendance of buyers was small. The price range for butchers’ ewes was:—light, up to 17s 6d; medium, 18s to 20s 6d; prime, 21s to 26s Id. Two-tooth ewes made up to 40s. Lambs were again in short supply, selling from 32s to 34s 7d. Fat wethers reached the 50s mark, bringing from 32s lOd for lighter quality to 50s Id. In the store pens, ewes sold from 20s to 275, ewe lambs from Iss 7d to 235, and wether lambs at 20s. One lot of two-tooth wethefrs made 32s 6a. A dairy cow fetched the good price of £l7 in the cattle section. Fat cows ranged from £4 2s 6d to £5 10s, and a fat heifer sold at £lO 17s 6d. WELLINGTON WOOL CHEQUE (P.A.) WELLINGTON, June 18. Wellington’s wool cheque for the season just ended was £2,317.000. Gross offerings aggregated 110,717 bales. Net weight was 40,769,0001 b. The average price a bale was £2O 18s Bd, and the average price per lb, 13.64 d. COMPANY NEWS R. and E. Tingey.—A half-yearly dividend of 3 per cent. on the preference shares of R. and E. Tingey, Ltd., will be paid on July 1, free of social and national security taxes.—(P.A.) MINING Kanieri-Arahura.—The two units of Gold Mines of New Zealand, Ltd., in the first half of June won a total of 728 ounces of gold. Kanieri ran 208 hours for a recovery of 471 ounces from 105,000 yards, and Arahura worked 215 hours for a recovery of 257 ounces from 133,000 yards.