COMMERCIAL

Press, Volume LXXXII, Issue 24907, 21 June 1946, Page 8

COMMERCIAL

STOCK EXCHANGES INCREASED BUSINESS OVER WIDER RANGE The share market was more active, yesterday and there was an Increased -volume ot business in a wider range ol stocks. The outstanding feature was the activity in W. H. Cooke and Son shares. Sales on 'Change.—Listed Stocks: £250 N.Z. Govt. 2| per cent. Stock, 1950-51, £9B ss; £B7O N.Z. Govt. 3 per cent. Stock. December, 1953-56, £99 15s; 100 D,I.C. (pref.), 295; 428 W. R. Cooke and Son. 12s 6d: 400 W. R. Cooke and Son, 12s 6d; 165 W. R. Cooke and Son, 12s Bd. Sales on ’Change.—Unlisted stocks: 200 Taramakau, 6s 9d. Sales Reported—Listed Stocks: £5OO N.Z. Govt, 2J per cent. Stock, 1949-50, £99 7s Bd: 90 Wool Bonds. 1/2/48, 21s 8d; 100 Wool Bonds, 1/2/48, 21s 8d; 140 Wool Bonds, 1/2/49, 21s Id; 200 New Zealand Insurance, £5 5s 9d; 50 Broken Hill Pty., 52s 9d; 300 Dominion Builders, 10s 2d; 400 W. R. Cooke and Son, 12s Bd; 420 Wl It. Cocke and Son, 12s Bd; 100 Mount .Lyell, 24s Bd; 600 Slab Hut, 2s. Latest Quotations

N.Z. Govt.: 2J per cent. Ins., 15/6/47-49, t„„ £99; 21 P er ceat - In s., 15/2/49-50, b. £99 ss; 24 per cent. Ins.. 15/4/50-51. b. £9B ss, s. £9B 10s; 3 per cent. Ins., 15/12/53-56, b. £99 12s Bd; 3 per cent. Tne 15/4/56-59, b. £99 17s Bd; Wool Bonds, 1/2/48, b. £1 Is 8d; Wool Bonds, 1/2/49. b. £1 is Id, s. £1 Is 3d. Banks: Commercial ot Australia, b. £1 2s 2d, s. £1 2s sd; New South Wales, b. £3B 10s, s. £39 10s. Insurance: National, b. £1 8s 9d; South British, s. £4 Us. Loan and Agency: C.F.C.A. (ord.), b. £1 3s Id, s. £1 5s 9d; New Zealand Farmers' Co-op. (“A" pref.), b. £4 2s Bd; N.Z. Farmers’ Co-op. ("B" pref.), b. £4 2s 6d; Wright. Stephenson (pref.), s. £1 8s 6d. Stopping: Union (pref.), b. £1 14s Id. Frozen Meat: Canterbury, b. £l5 17s Od. Woollens: Bruce, b. £2 0s Bd; Timaru, b. £1 4s. Gas: Timaru. b. £1 15s Bd. Breweries: Bailins (cum div.), b. £1 8s; Queensland, b. £1 10s 6d Miscellaneous: Bea th and Company* (Is paid), b. Ils; British Tobacco, b. £2 17s 9d. s. £2 IBs Sd; Broken Hill Pty., b. £2 12s 6d, s. £2 12s 9d; Burns, Philp, b. £3 17s 6d; Consolidated Brick, s. 12s sd; Dental and Medical, b; £1 9s Bd; Dominion Builders, b. 10s Id, s. 10s 4d; G. J. Coles, b. £4 6s 6d, a. £4 10s; Hay’s, Ltd. (15s paid), b. £3; K- D -V- Boxes . b. 12s Id, s. 12s Bd; Mason, Struthers (14s paid), b. 15s 3d; Morts Dock, b £1 12s Bd; Macduffs, b. £1 Is 3d, s. £1 4s: Macduffs (pref.), b. £1 8s; N.Z. Forest Products, s. 5s lid; Radio (1936), b. £1 3s: Taupo Totara. b. 10s 7d; Wilson's Cement, b. 18s Bd; Woolworths £ N '?x ) '„ <o „ r ? > ' b - £1 9s ’ w - K - Carpenter, b. £2 6s Bd, s. £2 9s Bd; W. R. Cooke and Son, b. 12s 6d, s. 12s Bd. - Overseas Listings: Woolworths (South Africa), s. £2 13s 6d. Australian Mining: Mount Lyell, b - A?’ s - 4s Sd. Mining: Arahura, s * 13s: Barrytown, b. 15s 6d: Kanieri. s. £1 4s; Slab Hut, b. 2s, s. 2s 3d.

, AUCKLAND , z A^ s -~ Inscr - Stock, 15/5/48, 21 p.c. lls 3d: Inscr - Stock, 15/2/4950, 2| pc. (£500), £99 Us 3d; Inscr. Stock, 15/9/46-48, 3 p.c. (£505), £lOO 17s 6^L T ?? cr - St°ck. 15/12/53-56, 3 p.c. (£300), Inscr. Stock, 15/4/56-59, 3 p.c. (£1500), £lOO 2s 6d; Inscr. Stock, 15/6/5255,. 4 R- c - ( £ 550), £lO4 15s; National Savings Bonds, 29/9/49 (75), £102; Comm. Bank of-Aust. (100), 22s 3d; National Bank ( l°°h 635: Bari k of N.S.W. (20), £39 ss; Traders’ Finance (con.) (200), 7s 6d; Pukemiro (100), 21s; Northern <243, i lls 6d = Taupo Totara (ord.) 9d; A.C.I. (300), 63s 6d; Broken Hill Pty. (200), 52s 9d; Colonial Sugar (5), £6O; Consolidated Brick (900), 12s 3dFletcher Holdings (200), 38s 6d; Fletcher Holdings (100), 38s 9d; K.D.V. Boxes (100), 12s; McKenzies (200), 665; Farmers’ Fertiliser (ord.) (100), 28s 3d; Forests Products (300), 5s 9d; Reid Rubber (150), 35s 6d; Reid Rubber (new, fully paid) (150), 355; Self ridges (A’asia.) (100), 41s 3d; Wilson’s Cement (690), 18s 8d; Wilson’s Cement (500), 18s 9d; Woolwortfis (Syd.) (200), 29s 6d; W. R. Cooke (428), 12s sd; W. R. Cooke (400), 12s 5Jd: Whakatane Paper (ord.) (150), 5s 6d (unlisted). WELLINGTON Sales.—Late Wednesday: National Bank, of N.Z. (cum div.) (140), 635; N.Z. Insurance (200), £5 5s 9d; Felt and Textiles of N.Z. (50), 51s 9d; Reid Rubber (150). 35s 6d. Yesterd??y: National Bank of N.Z. (50), 635; N.Z. Refrigerating (cont.) C 300), 17s 7d; Inscr. Stock, 15/4/50-51, 21 p.c. (£1000), £9B 10s; Inscr. Stock, 15/4/60-63. 3 p.c. (£2040), £99 17s 6d; N.Z. Refrig-

eratlng (cont.) (300), 17s 7d; McKenzies (ex div.) (200), 6Ss; Reid Rubber (cont.) (100), 34s 9d; British Tobacco (ex div.) (150), 58s; G. J. Coles (100), 80s 9d; Taranaki Oilfields (200), 2s 3d; Inscr. Stock. 15/4/80-63, 3 p.c. (£300), £100; Radio Corporation at N2 (119), 15s (unlisted). DUNEDIN Sales,— lnscr. Stock, 1957-60, 3 p.c. (£505),. £99 15s; Inscr. Stock, 1955-58, 3 PX. £lOO 10s; Chas. Begg (200). Sales Reported.—lnscr. Stock, 1957-60, 3 p.c (£530), £99 15s; Bank at New South Wales (20), £39 ss; Mount Lyell (100), 24s 6d; N.Z. Refrigerating (cont.) (300), 17s 7d; A.C.I. (100), 63s 6d; Inscr. Stock, 195558, 3 p.c. (£600). £lOO 10s; N.Z. Breweries (125), 555; Reece. Ltd. (pref.) (100). 6s; Christchurch Press (35), £l2 15s. STOCK SALES ST. ANDREWS ** The Press ” Special Service TIMARU, June 20. Approximately 45 head of fat cattle were entered for the sale at St. Andrews, about half the entry only being of finished quality. Prices were not quite as good as at the previous St. Andrews sale, but were fully up to rates ruling during the week. Fat sheep and lambs sold, at late rates, and any lines of store sheep were keenly sought. Prices were: Fat Cattle.—Best steers. £l7 to £l9 17s 6d; medium, £l5 to £l6 17s 6d; light, £ll to £l4 17s 6d; best heifers, £l2 to £l3 12s 6d; medium, £9 10s to £ll 17s 6d: light, £8 to £8 17s 6d; best cows, £lO to £ll 17s 6d; medium, £8 to £9 17s 6d: light, £6 to £7 17s 6d. Store Cattle. —Eighteen months steers, £5. 10s to £7 17s 6d; bulls, to £5 10s. Fat Sheep.—Wethers, '32s 6d to 365: lambs, 26s lOd to 29s lOd. Store Sheep.—Ewe lambs, 24s to 275; two and four-tooth ewes, to 33s 6d. COMPANY NEWS North Kalgurli.—The directors of North Kalguri (1912). Ltd., have recommended that a dividend out of mining profits for 1945 of Is 3d a share sterling, less English income tax (9s in the £) be paid on August 12, 1946, to all shareholders registered on July 2, 1946.—(P.A.) Crystal Ice.—The Crystal Ice Company, Ltd., advises that a dividend of 10 per cent, and a bonus of 5 per cent, will be payable on June 27, 1946.—(P.A.) William Watson and Sons.—The Stock Exchange Association of New Zealand has been advised by the Reserve Bank that in connextion with the recently announced call up of capital by the Australian firm of William Watson and Sons, Ltd., New Zealand shareholders will be allowed to remit the amount of capita] from New Zealand if they have no funds in Australia. Shareholders who have Australian funds must use them for the purpose of meeting the call.—(P.A.) Gear Meat.—Advice has been received that at a meeting of directors of the Gear Meat Company, Ltd., it was decided to declare an interim dividend of 6d a share, payable on June 28, 1946.—(P.A.) Entrican Sims.—Entrican Sims and Company, Ltd., earned net profit of £2832 for the year ended March 31, against £2186 last year, and £2291 in 1944. An unchanged dividend of 5 per cent, on both preference and ordinary shares is recommended. Gross profit was £5171 higher at £58,413, and taxation required £5982 against £5626.—(P.5.5.)