COMMERCIAL

Press, Volume LXXXII, Issue 25020, 31 October 1946, Page 8

COMMERCIAL

STOCK EXCHANGES MARKETS ACTIVE The Christchurch Stock Exchange was more active yesterday, and there was an increased volume of business in future ranee of stocks. The outstanding feature wSF the strong upward move shares. In other sections of the marxei price levels generally were well male““commerclal Bank of Australia (ord.) advanced to dealings at 21s lOd, ® nd f m ?J® "were wanted at 21s 9d; sellers • Bank of Australasia improved to (buvers) and E.. S., and A. BanK t , 14s (buyers). National Bank of Australasia (£5 paid, cum div.) were with business at £7 17s and closed with unsupported sellers at. £7_lBs 6d. A sale of National Bank of New Zealand on October 29 was reported at 60s Union Bank of Australia rose to d e* U wanted £lO 5s and £lO 6s, and mo J e . w ® ® i at £lO 5s 6d. Last recorded local busi ness on October 25 was at £lO. _. d t New Zealand Farmers Co-op (10s paiaj had dealings at 9s, and there ther buyers at that j Mercantile 6d. New Zealand Loan and Mercantile (ord. stock) improved to £B3 (buyersh and the preference stock was firmer wnn bU iS S ers at of £ Bruce Woollens raised their bids "to 41s without attracting sellers. Bonds Hosiery were firmer with buyers at

58 A late sale of Westport Coal ph October 29 was reported at 28s. Dealings yes 'UVerTS Bamns “Breweries'moved up t °Btoke B n : Hm l (ex div.) were quoted 45s (buyers) 45s (sellers) Donaghy’s Rope were steady with business at 70s GJ. Coles were firmer with buyers a? 87s sellers at 87s 9d. Newspapers improved to 48s‘}t >u J£gJJers of fridges changed hands at 40s. Sellers or United Provisions came down to 29s with "°In bU the r unlisted section Korma Textile, (pref.) were steady with dealings at ms

“sales on ’Change -Listed stocks: 100 Commercial Bank of Australia. 21s lOd (ord.); 25 National Bank ol A/asia («s nairf cum div ) £7 17s; 10 Union Bank of Australia, £lO ss; 300 100, anti 200 N.Z. Farmers’ Co-op. (10s paid). 8s 100. 100, 100 100 and 100 Westport Coal, 28s, lou Self ridges (A/asia.), 40s. Unlisted 50, 50, 50, and 50 Korma Textiles (pref.), 13 Sales Reported.—Listed stocks: 200 Commercial Bank of Australia (ord.) 21s 100, 50 National Bank of New Zealand (*ate Tuesday), 60s: 200 W ? tport Cog (late sale on Tuesday), 28s; 51 Union Bank of Australia, £lO 6s; 100 Donaghys Rope, 70s; 100 Westport Coal. 28s; 100 Westport Coal, 28s 3d. LATEST QUOTATIONS N.Z. Government: 24 p.c. Inscr., 15/5/48, b. £lOO 10s; 3 p.c. Inscr., 15/9/52 55, b. £lOO 2s£di 3 p.c. Inscr., 15/2/55-58, b. £lOO 2s 6d; 3 p.c. Inscr., 15/4/60-63, b. £lOO, s. £lOO 2s 6d; Wool Bonds, 1/2/48, b. £1 Is lOd. Banks: Australasia, b. £11; Comm, of Aust., b. £1 Is 9d, s. £1 2s; E„ S., and A., b. £6 14s; National of A’asia (£5), cum div., s. £7 18s 6d; National of N.Z., b. £2 19s 9d; New South Wales (cum div.), b. £37 ss; Union, b. £lO 5s 6d..lnsurance: National, s. £1 8s 6d. Loan and Agency: Mutual Benefit, b. £l9 10s; N.Z. Farmers’ Co-op. (10s paid), b. 9s, s. 9s 6d; N.Z. Guarantee Corporation, b. 4s 7d, s. ss; N.Z Loan and Mercantile (ord.), b. £B3, s. £B5; N.Z. Loan and Mercantile (pref.), b. £124. Shipping: P. and O. (def. stock), b. £3 3s 3d. Woollens: Bonds, b. £2 18s; Bruce, b. £2 Is; Felt and Textiles, b. £2 10s 3d, s. £2 19s; Kaiapoi (pref.), b. £1 6s. Frozen Meat: Canterbury (pref.), b. £8 ss; N.Z. Refrig (10s paid), b. 15s lid, s. 16s 3d. Coal: Westport, s. £1 Bs. Breweries: Ballins, b. £1 12s 6d, s. £1 13s; Dominion, b. £3 Is; New Zealand, s. £2 12s 9d. Miscellaneous: Alloy Steel (N.Z.), ord., b. £2 Ils 9d, s. £2 15s; Aust. Found. Invest., b. 6s 4d. s. 6s 6d; Dominion Builders, s. 9s; Donaghy’s Rope (cum div.), b. £3 8s 6d, s. £3 10s; G. J. Coles, b. £4 7s. s. £4 7s 9d; Herald and Weekly, b. £3 15s; Hays, Ltd. (15s paid), s. £2 15s; Metters (N.Z.). b. £1 10s; National Electric, b. £2 3s 6d. s. £2 3s 9d; New Colosseum, b. £2 6s; N.Z. Newspapers,, b. £2 8s; N.Z. Paper Mills (cum div.), s. £2 4s 6d; Otago Daily Times, b. £2 13s; Reid Rubber (rights), s. 2s 6d: Self ridges, s. £2 0s 3d: Sharland, b. £2 2s; Taupo Totara, b. 13s 9d; William Cable (pref.), s. £2 4s 6d; Woolworths (ord.), s. £1 7s 6d: Woolworths (W.A.),’ s. £6 2s 6d; W. R. Cooke and Son, b. 14s, s. 15s 9d. Mining: Kanieri, s. £1 3s 6d; Ngahere. s. 11s Id; Ngahere (def.), b. 3s. s. 5s 3d. AUCKLAND Sales.—lns. Stock, 15/9/47, 2J per cent. (£250), £99 17s 6d; Ins. Stock, 15/2/49-50, 2J per cent. (£500), £99 Us 3d; Ins. Stock, 15/4/50-51. 2J per cent. (£500), £9B 6s 3d; Ins. Stock; 15/9/52-55, 3 per cent. (£800), £lOO ss; Ins. Stock, 15/5/5356, 3 per cent. (£1350), £101; Ins. Stock, 15/12/53-56, 3 per cent. (£250), £lOO 16s 3d; Ins. Stock, 15/2/55-58. 3 per cent. (£1000), £lOO ss; Ins. Stock. 15/4/56-59. 3 per cent. (£750), £99 12s 6d; Ins. Stock 15/5/49-52, 4 per cent. (£9215). £lO4 12s 6d; E., S., and A. Bank (100). £6 15s; New Zealand Insurance (100), 99s 3d; South British (150), 86s 6d; Loan and Merc. ord. (£150). £B4; Aus. Steel, pref. (100), 365; British Tobacco (150), 54s 6d; Broken Hill Pty., cum div. (100), 46s 6d; Colonial Sugar (10), £56 17s 6d; Farmers Trading **B” pref. (105), 28s; Reid Rubber Rights (673), Is Bd. WELLINGTON Sales.—Late Tuesday: Goldsbrough Mort (100), 32s 6d; Broken Hill Pty., cum div. (200), 46s 6d; Australian Cement (50), 51s; Woolworths Properties (136), 325; Turnbull and Jones, pref., fully paid (100), 24s 6d (unlisted). Yesterday: British Tobacco (50). 54s 6d; Ins. Stock. 11/4/60-63, 3 per cent. (£205), £99 13s 9d; Ins. Stock 15/11/57-60. 3 per cent. (£355), £lOl 2s 6d; Ins. Stock. 15/1/53-57, 3J per cent. (£200), £lO3 ss; Ins. Stock, 15/5/49-52, 4 per cent. (£9215), £lO4 12s 6d; Ins. Stock, 15/6/52-55, 4 per cent. (£250). £106; Union Bank of Australia (50). £lO 3s; N.Z. Guarantee Corporation (700), 4s 8d; Auckland Gas (229), 7s 2d; Westport Coal (417). 28s 6d (2); Broken Hill Pty. ex div. (200). 45s 3d (2); British Tobacco (150). 54s 6d (3): McKenzies (50). 65s 6d: Woolworths (N.Z.), Ltd., cum div. (200). 26s 3d; Woolworths Properties (100), 325. DUNEDIN Sales Reported.—N.Z. Loan and Merc, ord. (£150), £B4; N.Z. Breweries (100). 535; Westport Coal (550), 28s 6d; National Electric (200), 43s 6d; Westport Coal (200), 28s 6d; Donaghy’s Rope (100), 70s. SYDNEY Uncertainty among investors concerning the general economic outlook both in Australia and abroad is held to be responsible for the fluctuating share market on the Sydney Stock Exchange. Brokers say that clients who a few weeks ago were looking for leading industrial shares at ceiling prices are holding off in spite of the fall in values which has taken place. Any attempt to dispose of quantities depresses the market. Sales.—Commercial Bank of Sydney, £24 9s; National Bank (£5 paid), £7 13s; Queensland National Ins., 21s 6d; Associated News., 20s 7Jd; Associated News, (pref.), 23s"10jd; Tooheys, 37s 6d; Selfridges. 26s 9d; Farmers’ (2nd pref.), 32s 6<t Stedmans (Ist pref.), 31s; Morts Dock, 24s 9d; Australian Consolidated Industries, 53s 3d; Bonds (pref.), 255; British Tobacco, 54s 6d; Claude Neon, 355: Goldsbrough Mort, 325; Winchcombe Carson. 365; Colonial Sugar, £54 15s; Broken Hill Proprietary, 44s 9d; Oil Search, 6s 6d.