COMMERCIAL

Press, Volume LXXXII, Issue 24910, 25 June 1946, Page 6

COMMERCIAL

STOCK EXCHANGES

MODERATE TURNOVER IN CHRISTCHURCH

There was a moderate turnover on the Christchurch Stock Exchange yesterday* and markets generally were firm at last week’s closing prices. Transactions were as follows: Sales on ’Change.—Listed Stocks: £2OO N.Z. Govt. 21 per cent. Stock, 1950-51, £9B 10s; £2OO N.Z. Govt. 32 per cent. Stock, 1957-60, £lO2 15s; 50 National Bank of N.Z. (ex div.), 635; 150 National Bank of N.Z. (ex div.), 635.

Sales Reported.—Listed Stocks: £1420 N.Z. Govt. 2J per cent. Stock, 1949-51, £9B 7s 6d; 65 E., S., and A. Bank, £5 17s 6d; 60 E., S., and A. Bank, £5 17s 6d; 200 Southland Frozen Meat (ord.), 63s 6d; 100 Southland Frozen Meat (ord.), 63s 6d; 50 Bulolo, £7 2s 6d. Sales Reported.—Unlisted Stocks: 585 Whakatane Paper Mills (ord.), 5s 9d (odd parcel). Latest Quotations N.Z. Govt.: 21 per cent. Ins., 15/5/48, b. £99 10s; 21 per cent. Ins., 15/2/49-50, b. £99 7s 6d; 21 per cent. Ins., 15/4/50-51, b. £9B ss. s. £9B 12s 6d; 21 per cent. War Loan, 1/10/53, b. £97 7s 6d, s. £97 10s; ; 3 per cent. Ins., 15/4/60-63, b. £99 17s 6d; ■ 31 per cent. Ins., 15/9/57-60, b. £lO2 15s; 4 per cent. Ins.. 15/5/49-52. b. £lO3 2s 6d; 4 per cent. Ins., 15/6/52-55, b. £lO4 12s 6d; Wool Bonds. 1/2/48, b. £1 Is Bd, s. £1 Is lOd. Banks: Commercial of Sydney, b. £23 7s 6d; E., S., and A., b. £5 17s 6d, s. £6; National of New Zealand (ex div.), b. £3 2s 6d, s. £3 3s 6d. Insurance: National, b. £1 8s 6d.’ Loan and . Agency: National Mortgage "A” (ex div.), lb. £4; N.Z. Farmers Co-op., b. £1 12s 6d; N-Z-. Loan and Mercantile (ord.), o. £BO 15s, s. £B4; N.Z. Loan and Merc, (pref.), b. £llO 10s. Shipping: Huddart Parker b. £3 10s; P. and 0., b. £3 9s, s. £3 12s 6d. Frozen Meat: Gear (cum div.), b. £1 10s 6d. Woollens: Bruce, b. £2 0s 6d; Felt and Textiles, b. £3 6s 6d; Bruce (pref.), b. £1 11s 6d; Timaru, b. £1 4s 3d; Felt and Textiles of N.Z., b. £2 Ils 3d. Breweries: Dominion (cum div. and bonus), b. £3 6s; Dunedin, b. £1 12s. Miscellaneous: Berlei (N.Z.), b. £5 14s; Burns, Philp, b. £3 17s 6d; Colonial Sugar, s. £6O ss; Dental and Medical, b. £1 9s 6d; Dunlop Rubber, b. £1 12s 6d; Electro. Zinc (pref.), b. £3 8s 6d, s. £3 9s 6d; G. J. Coles, b. £4 7s. s. £4 10s 6d; Greater Crystal, b. £1 3s 6d, s. £1 6s 6d; Herald and Weekly, b. £3 13s; Howard Smith, b. £1 ss; Hume Pipe (Aust.), b. £1 3s 6d; 1.C.1., A.N.Z. (pref.), b. £1 7s 6d; Kauri Timber, b. £1 13s 6d; Milburn Lime, b. £1 15s; Macduffs, b. £1 2s; Macduffs (pref.), b. £1 8s; McKenzies, b. £3 4s 6d; N.Z. Forest Products, b. 5s 6d, s. 6s; Standard Cement, b. £1 3s 6d; Taupo Totara b. Ils; Woolworths (N.Z.), ord., b. £1 9s, s. £1 9s 6d; W. R. Cooke and Son, b. 13s. Australian Mining: Emperor, b. 19s 3d: Rawang Tin, b. 9s lid. N.Z. Mining: Austral (N.Z.), s. 13s 6d; Ngahere, s. 12s; Ngahere (deferred), b. 6s 9d, s. 7s 2d. AUCKLAND Sales.—lns. Stock, 15/4/50-51, 21 per cent. (£1000), £9B 10s; Ins. Stock, 15/2/55-58, 3 per cent. (£2200), £lOO 10s; Ins. Stock, 15/4/56-59, 3 per cent. (£300), £lOO 2s 6d; A.C.I. (100), 63s 6d; Booth, Macdonald, 1/6/47, 5 per cent. (£500), £99 10s; British Tobacco (200). 58s; E., S., and A. Bank (50), £5 17s; E., S., and A.’ Bank (60), £5 17s 6d; National Bank of New Zealand (200), 62s 6d; Auckland Gas (1600), 7s 4d; Northern Steam (483), Ils ’ 6d; TaupoTotara (ord.) (1010), Ils; Broken Hill Pty. (100), 52s 6d; Consolidated Brick (200), 12s; Consolidated Brick (100), Ils 9d; Fletcher Holdings (300), 39s 6d; G. J. Coles (50), 90s; Southland Meat (200), 63s 3d; Woolworths (Sydney) (540), 29s 9d; Placer (30), £6 2s 6d. WELLINGTON Sales.—G. J. Coles (100), 87s; G. J. Coles (100), 90s: Ins. Stock, 15/9/52-55, 3 per cent. (£350), £lOO ss; Ins. Stock, 15/11/57-60, 3 per cent. (£530), £99 15s; Wairarapa Farmers (A pref.) (600), 18s 3d; Fletcher Holdings (300), 39s 6d; Woolworths N.Z., Ltd. (ex bonus and div.) (100), 29s 6d; Bonds Hosiery Mills (100), 57s 6d. DUNEDIN Sales on ’Change.-—N.Z. Paper Mills (200), 41s; Chas. Begg and Co. (300), 31s \3). Sales Reported.—lns. Stock, 1953, 21 per cent. (£5270), £97 10s; Felt and Textiles of N.Z. (50), 51s 6d; Whakatane Paper Mills (585), 5s 9d (unlisted); N.Z. Refrig, (con.) (300), 17s 7d; Waitaki Farmers’ Freezing (40T, £8 ss; Dominion Fertiliser (200), 27s 6d; N.Z. Express Co. (pref.) (150), 235; Ross and Glendining (200), 45s (unlisted); Fletcher Holdings (ord.) (400), 39s 9d (2); McLeod Bros. (15), £29; Ins. Stock. 1956-59, 3 per cent. (£l3OO and £200), £100; Wool Bonds, 1949 (£80), 21s 3d. COMPANY NEWS Wellington Investment.—The directors of the Wellington Trust, Loan, and Investment Company, Ltd., have declared an interim dividend at the rate of Is 6d for each £5 paid up share.—(P.A.) Zinc Corporation.—Directors of Zinc Corporation, Ltd., recommend a final dividend of ls,6d (sterling) a share for 1945, making a total distribution of 2s 6d. The directors have declared dividends of 22 per cent, sterling on both the 5J per cent., cumulative preference stock, and 5J per cent, cumulative redeemable preference stock, being the first half of such dividends for 1946.—(P.A.) Korma Textiles.—About £1,000,000 was offered for the issue of 125,000 5 per cent, preference shares of £1 each by Korma Textiles (N.Z.), Ltd., Auckland, by noon yesterday, when the lists were closed, after being open for two hours. An announcement of the method of allocating the shares will be made shortly.—(P.S.S.) MINING Grey River—ln the clean-up period from June 5 to 19, 160,983 cubic yards were excavated for 181.65 crude ounces of gold 'in a total digging time of 238 hours. Blackwater Mines.—The Blackwater Mines return for the four-weekly period ended June 14 was 489 fine ounces of gold from all sources, in the course of which a total of 1443 tons of ore was

crushed. Reporting on development work carried out during the period, it was stated that No. 15 level rise at 1155 N. was advanced 23 feet on reef averaging 15.49dwt over a .width of 42in. No. 16 level drive south was advanced 12 feet on reef averaging 9.4Bdwt over a width of 21 inches.

Snowy River.—The return was 114 oz in 259 hours from 49,000 yards.

Blackball Creek.—Thirty-six ounces were recovered in 210 hours.—(P.A.)

Associated Gold Dredges (N.Z.), Ltd.— For the week ended June 22, the company’s dredges recovered 1701 oz from 87,066 yards in 3481 dredging'hours.