COMMERCIAL

Press, Volume LXXXIII, Issue 25084, 16 January 1947, Page 8

COMMERCIAL

STOCK EXCHANGES ACTIVITY IN LOANS AND BANK SHARES Markets were brighter on the Christchurch Stock Exchange yesterday, and there was an increased volume of business in a wider range of stocks, with activiity in Government loans and bank shares. N.Z. Government 3 per cent. Stock, due December, 1953-56, changed hands at £lOO 7s 6d, and more was wanted at £lOO ss; 3 per cent. Stock, due 1960-63, had dealings at £lOO 15s, and closed with unsupported sellers at that price; 4 per cent. Stock, due 1954-58, had business at £lO6 ss, and late offers of £lO6 2s 6d met with no response. Bank of Australasia rose sharply to business at £l3 10s; the last recorded local turnover on December 19 was at £l2 16s. A late sale of Commercial Bank of Australia on Tuesday was reported at 23s Bd, and there, were further buyers yesterday at that figure. Commercial Banking of Sydney were stronger with buyers at £26, sellers at £29 10s. National Bank of New Zealand aavanced to 70s. Bank of New South Wales scored a rise of 15s at £4O 10s. Union Bank of Australia (ex div.) were firm at £l2 ss, and more were wanted at £l2 2s 6d, sellers'at £l2 10s.

N.Z. Farmers’ Co-op. (10s paid) were fractionally firmer with dealings at 9s 2d and further buyers at 9s Id. P. and Q. Deferred Stock was stronger with buyers at 87s 6d. Southland Frozen Meat changed hands at 625, the market closing 61s buyers, 62s 6d sellers. Ballins Breweries were firmer, buyers offering 34s 6d, sellers asking 355. N.Z. Breweries changed hands at last year’s closing price, 58s 6d. A late sale of Dunlop New Zealand (ord.) on Tuesday was reported at 7s Id, business yesterday was at 7s 2d, and more were wanted at 7s Id, sellers at 7s 4d. Fletcher Holdings changed hands at 38s 6d and closed with unsupported sellers at 38s 9d; the last recorded local business on December 2 was at 35s 6d. Buyers of Selfridges raised their bids to 41s 6d without attracting sellers. Woolworths, Ltd., had dealings at 29s 3d and 295, and these were sellers’ and buyers’ closing quotations respectively. Mount Lyells were firmer, buyers offering 22s 9d, sellers asking 23s 9d. In the unlisted section, Whakatane Paper Mills were dealt in at 6s lid and more were wanted at that price, sellers at. 7s.

Sales on 'Change.—Listed stocks: £6OO N.Z. Government 4 per cent. Stock, 1954-58. £lO6 ss; 100 and 100 N.Z. Farmers’ Co-op. (10s paid), 9s 2d; 50 Dunlop New Zealand (ord.), 7s 2d; 100 Fletcher Holdings, 38s 6d; 100 Woolworths (Syd.) (ord.), 29s 3d, (100), 295. Sales on 'Change.—Unlisted stocks* 100 Whakatane Paper Mills, 6s lid. Sales Reported.—Listed stocks: £4OOO N.Z. Govt. 3 per cent. Stock, December, 1953-56, £lOO 7s 6d; £lOOO and £3OO N.Z. Government 3 per cent. Stock, 1960-63, £lOO 15s; 20 Bank of Australasia, £l3 10s; 100 Commercial Bank of Aust, (ord.), (late sale Tuesday), 23s 8d; 100 National Bank of New Zealand. 70s: 10 Bank ot New South Wales, £4O 10s; 43 Union Bank of Australia (ex div.), £l2 ss: 100 Southland Frozen Meat (ord.), 625; 200 and 100 New Zealand Breweries. 58s 6d; 10U Dunlop N.Z. (ord.) (late sale Tuesday). 7s Id. Latest Quotations N.Z. Govt.: 2J per cent. Ins., 15/6/4749. b. £99; 24 per cent. Ins., 15/4/49-51, b. £99, s. £99 10s; 24 per cent. Ins., 15/4/5051. b. £99; 24 per cent. War Loan. 1/10/53. b. £97 15s, s. £9B ss; 3 per cent. Ins.. 15/9/52-55, b. £101; 3 per cent. In;.. 15/5/53-56, b. £lOO 10s. s. £101; 3 per cent. Ins., 15/12/53-56, b. £lOO ss; 3 per cent. Ins., 15/2/55-58. b. £101; 3 per cent. Ins., 15/4/60-63, s. £lOO 15s; 3 per cent. Ins., 15/9/57-60, s. £lO3 ss; 4 per cent. Ins.. 15/5/49-52, b. £lO2 15s, s. £lO3 10s; 4 per cent. Ins., 15/6/52-55. b. £lO4 10s. s. £lO4 15s; 4 per cent. Ins., 31/5/54-58, b. £lO6 2s 6d; 4 per cent. Bonds, 1952-55, s. £105; Liberty Bonds, b. £1 2s; Wool Bonds, 1/2/48, b. £1 Is lOd; Wool Bonds, 1/2/49, b. £1 Is 4d, s. £1 Is 6d. Banks: Australasia, b. £l3 4s 6d; Comm, of Aust, (cum div.), b. £1 3s Bd, s. £1 4s* Comm, of Aust, (pref.) (cum div.), s. £ll 15s; Comm, of Sydney, b. £26, s. £29 10s; Natl, of A’asia. (£5), s. £8 10s; National of N.Z., s. £3 10s; New South Wales, s. £4O 10s; Union (ex div.), b. £l2 2s 6d, s. £l2 10s. Insurance: F.A.M.E. (pref.), b. £1 ss. Loan and Agency: Dalgety, b. £lO 7s 6d; Goldsbrough, Mort, b. £1 4s 6d, s. £1 16s; N.Z. Farmers’ Co-op. (10s paid), b. 9s Id; N.Z. Farmers’ Co-op. (“A” pref.), b. £4 ss; N.Z. Guarantee Corpn., b. 4s' lOd, s. ss; United Bldg., b. £1 4s 6d; Wright, Stephenson, b. £1 18s 6d; Wright, Stephenson (pref.), s. £1 Bs. Shipping: P. and O. b. £4 7s 6d; Union (pref.), b. £1 13s 6d. Woollens: Bonds, b. £3; Bruce, b. £2 4s 6d; Felt and Textiles, b. £3; Felt and Texitles of N.Z., b. £2 19s 6d; Kaiapoi (17s paid), s. £1 7s; Kaiapoi (pref.), b. £1 6s. Frozen Meat: Canterbury (pf.), s. £8 15s; Southland, b. £3 Is, s. £3 2s 6d. Coal: Kaitangata, s. £1 6s 6d; Westport, b. £1 12s. Gas: Christchurch (10s paid), s. 13s 4d; Gisborne, s. 6s 3d. Breweries: Aust. Distillery, b. £1; Bailins, b. £1 14s 6d, s. £1 15s; New Zealand, s. £2 19s; Queensland, s. £2; Westland, b. £1 19s. Miscellaneous: Alloy Steel (N.Z.), b. £2 14s 9d; Aust. C. 1., b. £2 16s 6d; Aust. Found. Invest., b. 6s sd, s. 6s 7d; Aust. Iron and Steel (pref.), b. £1 -17 s; British Tobacco, s. £2 17s 6d; Broken Hill Pty., b. £2 7s 6d; Colonial Sugar, b. £53 2s 6d; Consolidated Brick (ex div.), s. 15s Id; David Jones, s. £3; Dental and Medical, b. £1 12s; Dominion Builders, s. 9s; Donaghy’s Rope, s £3 10s; Dunlop N.Z., b. 7s Id, s. 7s 4d: Dunlop N.Z. (pref.), b. 7s 2d, s. 7s 4d; Dunlop Rubber, s. £1 15s; Electro. Zinc (ord.), b. £3 8s; Electro. Zinc (pref.), b. £3 8s 6d; Fletcher Holdings, s. £1 18s 9d; C. J. Coles (cum div.), s. £4 Ils; Hay’s, Ltd. (15s paid), s. £2 15s; Milburn Lime, b. £1 15s 6d; McLeod Bros., s. £3l ss; M.K. Manufacturers, b. 10s 9d; Morts Dock, b. £1 ss; New Colosseum, b. £2 6s; N.Z. Forest Products, s 5s 6d; N.Z. Paper Mills, s. £2 9s; Quill, Morris (1936), b. £1 15s; Reid Rubber, b. £1 7s; Reid Rubber (con.), b. 7s 9d, s. 9s; Sulphide Corpn., s. 12s 6d; Selfridges, b. £2 Is 6d; Weeks, s. £l3Whitcombe and Tombs, b. £8; Wm. Cable, s. £2 7s; Woolworths (ord.), b. £1 9s, s. £1 9s 3d; Woolworths (N.Z.) (ord.), b. £1 7s 6d; Woolworths (W.A.). b.‘ £5 10s; W. R. Cooke and Son, s. 16s 3d; Turnbull and Jones, b. 19s sd. Aust. Mining: Broken Hill South, b. £1 14s 6d. s. £1 16s; Bulolo, s. £6 15s; Emperor, b. 19s; Mount Lyell, b. £1 2s 9d, s. £1 3s 9d; Mount Morgan, s. 8s 3d. Austral (N.Z.), s. 13s 6d; Blackwater, s. 15s 9d; Grey River (ex div.), s. 10s; Ngahere, s. Ils. AUCKLAND Sales.—N.Z. Govt. Stock, 15/5/53-56, 3 per cent. (£250), £lOO 2s 6d; National Bank of New Zealand (250), 70s; Bank of New South Wales (45), £4O 10s; New Zealand Insurance (40), 995; F.A.C. (£5 paid) (60), £6 10s; F.A.C. (B pref.) (100), 28s; Auckland Gas (200), 6s lid; Union Steam (pref.) (250), 33s 6d; Kauri Timber (138), 32s 6d; Dominion Breweries (pref.) (150), 695; Caros (pref.) (200), 27s 6d; Colonial Sugar (15), £54; Consolidated Brick (500), 15s; Dental and Medical (200), «335; Dunlop N.Z. (ord.), (225), 7s Id; Dunlop N.Z. (pref.) (475), 7s Id; Farmers’ Trading (170), 34s 6d; George Court (50), 645; Forest Products (ord.) (200), ss; Reid Rubber (300), 28s; Reid Rubber (is 4d paid) (100), 8s 6d: Woolworths (N.Z.) (300), 27s 9d; Woolworths (Syd.) (100), 295. Unlisted: Korma (pref.) (300), 18s 6d.

WELLINGTON A Sales.—Late Tuesday: N.Z. Government 3 per cent. Stock, 15/9/52-55 (£1000), £101; South British Insurance (250), £4 8s; Gear Meat (cum div.) (200), £1 Ils; Felt and Textiles of N.Z. (200), £3 8s; Dunlop (N.Z.), Ltd. , (pref.) (100), 7s Id. Yesterday: N.Z. Govt. 3 per cent. Stock, 15/12/53-56 (£400), £100; N.Z. Breweries (100), £2 18s 6d; N.Z. Govt. 3 p.c. Stock, 15/4/56-59 (£250), £lOO ss; Bank of New South Wales (cum div.) (10), £4O 10s; Union Bank of Australia (ex div). (43), £l2 ss; Ballins Breweries (ex div.) (100). £1 14s 6d; Dunlop (N.Z.), Ltd. (pf.) (450), 7s Id (two sales). Dunlop (N.Z.) (pref.), 7s Id (two sales).

Sales Reported.—N.Z. Government 2A per cent. Stock, 1953 (£510), £9B 2s 6d; Woolworths (N.Z.) (300), 27s 9d; N.Z. Government 3 per cent. Stock, December, 1953-56 (£4000), £lOO ss.

SYDNEY Sydney brokers report that In many instances the holders of industrial shares who had bought much lower down are accepting current prices and reinvesting for the time being in Government securities. The number of shares have fallen away from the recent peak levels, but the market is by no means a weak one. More than 150 shares have now freed themselves.

Sales.—Bank of New South Wales, £4O 15s; National (£5 paid), £8; National (£lO paid), £l5 18s; Queensland National, £6 15s; Associated News, (pref.), 245; Austral Gas A, £7 12s 6d; Tooths, 73s 3d; Woolworths. 27s 9d; David Jones 54s 6d; Anthony Hordern. 28s 3d; Anthony Hordern (pref.), 28s 9d; Stedmans, 255; Kandos, 435; Amalgamated Textiles. 15s 9d; General Industries. 295; Wilcox. Mofflin, 16s 3d; Colonial Sugar. £53; Electro. Zinc, 665; Mount Morgan. 8s; New Broken Hill, 41s 6d; Broken Hill South, 33s 9d; Kuala Kampar, 17s 7jd; Arahura (def.), 21s 6d.

STUD RAM PRICES (P.A.) MASTERTON. January 15. Prices at the Wairarapa studbreeders’ sale o( stud rams at Solway were slightly higher compared with the previous year. The hi S hes * Price tor a Southdown was 400gns. paid by Mr A. J. Corrigan, Hawera, for a ram submitted by Mr R M Perry, Masterton, and the best price in Romneys was 575gns for one of Messrs J. G. and I. R. Donald’s rams (Tauherenikau), purchased by Messrs D. Robertson and Sons, Gore. Mr M. Kirkpatrick, Go J e i P ald S2ogns for another Donald ram. and 530gns for one of Sir William Perry’s rams. A number of Southdown and Romney rams brought over 200 guineas.