COMMERCIAL

Press, Volume LXXXIII, Issue 25085, 17 January 1947, Page 8

COMMERCIAL

STOCK EXCHANGES DUNLOP (N.Z.) SHARES ACTIVE The outstanding feature on the Christchurch Stock Exchange yesterday was the activity in Dunlop New Zealand shares. Markets on the whole were firm at late rates, with an upward tendency in several stacks. New Zealand Government 3 per cent. Stock, December, 1953-56, was firm' at £lOO 7s 6d; the May issue claimed buyers at £lOO 10s, but sellers wanted £lOO 15s. Bank of Australasia were firmer with buyers at £l3 10s 6d, sellers at £l3 15s. Union Bank of Australia were steady, with, buyers and business at £l2 ss. Buyers of C.F.C.A. (pref.) entered the list at 535, no sellers. Buyers of P. and O. deferred stock raised their bids 5s to 92s 6d, without attracting sellers. Felt and Textiles of N.Z. (cum rights) were stronger, with buyers at 68s. Bond’s Hosiery improved to 61s, buyers. Felt and Textiles were firmer on buyers’ offers, 61s 6d. Anthony Hordern changed hands at 28s 6d, and more were wanted at 28s. Buyers of Colonial Sugar raised their bids £1 to £54 2s 6d, without attracting sellers. Dental and Medical were stronger with buyers at 335. Dunlop New Zealand (ord.) were active at 7s 2d, buyers staying in at that price, sellers at 7s 3d; the preference changed hands at 7s 2d and 7s Id, and more were wanted at the lower price, sellers at 7s 3d. Woolworths, Ltdhad dealings at 29s Id and 295, and more were wanted at 28s 9d. Buyers of Mount Lyells moved up a point to 22s lOd, but sellers wanted 23s 3d. Unsupported sellers of Blackwater Mines reduced their limits to 15s 6d.

Sales on ’Change.—Listed Stocks: 100 Anthony Hordern, 28s 6d; 200, 50, 200, 50, 50, and 50 Dunlop New Zealand (ord.). 7s 2d; 50 and 125 Dunlop New Zealand (pref.), 7s 2d; 100 and 100 Woolworths. Ltd. (ord.), 29s Id: 100 and 100 Woolworths. Ltd. (ord.), 295. Sales Reported.—Listed Stocks: £lOOO N.Z. Govt. 3 per cent. Stock, Dec. 195356, £lOO 7s 6d; 50 Union Bank of Australia (ex div.), £l2 ss; 200 , 50, 50, and 50 Dunlop New Zealand (ord.), 7s 2d; 300 Dunlop New Zealand (p’ef.), 7s 2d. LATEST QUOTATIONS N.Z. Government: 2J p.c. Inscr., 15/9/47, b. £lOO, s. £lOO 15s; 2J p.c. Inscr., 15/2/4950, b. £99 7s 6d; 2J p.c. Inscr., 15/4/4951, b. £99; 2i p.c. Inscr., 15/4/50-51. b. £99 2s 6d; 2J p.c. War Loaon, 1/10/53, b. £9B: 3 p.c. Inscr., 15/5/53-56, b. £lOO 10s, s. £lOO 15s; 3 p.c. Inscr., 15/12/53-56, s. £lOO 10s: 3 p.c. Inscr., 15/2/55-58, b. £101; 34 p.c. Inscr., 15/1/56-59, s. £lOO 15s; 31 p.c. Inscr., 15/9/57-60, b. £lO2. s. £103; 4 p.c. Inscr., .15/6/52-55, s. £lO4 12s 6d; 4 p.c. Inscr., 31/5/54-58, b. £lO6 2s 6(fc 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 sd. Banks: Australasia, b. £l3 10s 6d, s. £l3 15s; Comm, of AUst. (cum div.), b. £1 3s 7d, s. £1 3s 8d; Comm, of Aust, (pref., cum div.), s. £ll 15s;. Comm, of Sydney, s. £29; E., S., and A., b. £7 17s 6d, s. £8 2s 6d; Natl, of A’asia. (£5), b. £7 15s, s. £8 ss; National of N.Z., b: £3 9s, s. £3 10s; New South Wales (cum div.), s. £4O 10s; Union (ex div.), b. £l2 ss, s. £l2 6s. Insurance: F.A.M.E. (ord.), b. £1 2s 6d; F.A.M.E. (pref.), b. £1 ss. Loan and Agency: W.F.C.A. (pref.), s. £1 0s 9d; W.F.C.A. (ord.), b. Is, s. 2s 9d; C.F.C.A. (preft), b. £2 13s; Dalgety, s. £lO 12s 6d; Goldsbrough, Mort, h. £1 14s, s. £1 15s 6d; N.Z. Farmers’ Co-op. (10s paid), t>. 9s Id; N.Z. Farmers’ Co-op. (A pref.), b. £4 2s 6d: N.Z. Farmers’ Co-op. (B pref.), b. £4 2s 6d; N.Z. Guarantee Corpn., b. 4s lid, s. 5s id; N.Z. Loan and Mercantile (ord.i, b. £lll 10s; Wright, Stephenson (pref.), s. £1 Bs. Shipping: Huddart-Parker, s. £3 12s; P. and 0., b. £4 12s 6d; Union (pref ), b. £1 13s 6d. Woollens: Bonds, b. £3 Is; Bruce, b. £2 4s 6d, s. £2 8s Gd; Felt and Textiles, b. £3 Is 6d; Felt and Textiles of N.Z., b. £3 8s; Kaiapoi (17s paid), b. £1 6s 6d, s. £1 7s; Kaiapoi (pref.), b. £1 6s. Frozen Meat: Canterbury (pref.), s. £8 15s; N.Z. Refrig. (£1 paid), b. £1 12s, s. £1 14s; Waitaki, s. £8 12s 6d Coal: Kaitangata, s. £1 6s 6d; Westport, b £1 12s 6d. Gas: Christchurch (10s paid), s. 13s 4d; Gisborne, b. 5s lOd, s. 6s 3d. Breweries: Aust. Distillery, b. 19s, s. £1 Is; Ballins, b. £1 14s 6d, s. £1 15s; New Zealand, s. £2 18s 9d; Queensland, s. £2. Miscellaneous: Alloy Steel (N.Z.), b. £2 15s; Anthony Hordern, b. £1 8s; Aust.. C. 1., s. £2 18s; Aust. Found. Invest., b. 6s 4d, s. 6s 7d; Aust. Iron and Steel (pref.), b. £1 17s; Beath and Co., b. £2 ss, s. £2 10s; Booth Macdonald, b. 2s 9d; British Tobacco, s. £2 17s 6d; Broken Hill Pty., b. £2 7s 6d; Claude Neon (N.Z.), b. £2 8s; Colonial Sugar, b. £54 2s 6d; David Jones, s. £3; Dental and Medical, b. £1 13s; Donaghy’s Rope, s. £3 10s; Dunlop (N.Z.), b. 7s 2d, s. 7s 3d; Dunlop (pref.), b. 7s Id, s. 7s 3d; Dunlop Rubber, b. £1 13s, s. £1 14s Gd; Electro. Zinc (ord.), b. £3 7s, s. £3 10s; Electro. Zinc (pref.), s. £3 10s; G. J. Coles (cum div.), b. £4 9s, s. £4 10s 6d; Hay’s, Ltd. (15s paid), s. £2 15s; Milburn Lime, b. £1 16s: McLeod Bros., s. £3l ss; M.K. Manufacturers, b. 11s: Morts Dock, b. £1 ss; Macduffs, b. £1 9s 7d; Macduffs (pref.), s. £1 8s 6d; McKenzies, b. £3 ss; National Electric, b. £2 7s, s. £2 10s; New Colosseum, b. £2 6s; N.Z. Forest Products, s. 5s 4d; Reid Rubber (N.Z.), b. £1 7s 6d; Reid Rubber (cont.), b. Bs, s. 9s; Selfridges, b. £2 Is 6d; Sharland, b. £2 ss; Sulphicte Corpn., b. Ils; United Provisions, b. £1 4S; s; £1 8s 6d: Whitcombe and Tombs, b. £8 ss; Wm. Cable, s. £2 6s 3d; Wilsons Cement, b. 18s 9d, s. 19s 4d; Woolworths (ord.), b. £1 8s 9d; Woolworths (N.Z.), ord., b. £1 7s 6d; Wool worths (W.A.), b. £5 10s. Overseas Listings: Wool worths (S. Africa), s. £2 14s. Aust. Mining: Broken Hill South, s. £1 16s; Bulolo. s. £6 15s; Emperor, b. 19s; Mount Lyell, b. £1 2s lOd, s. £1 3s 3d; Mount Morgan, b. 7s 9d, s. 8s sd; Mount Morgan (pref., cum div.), b. £1 3s 6d; New Broken Hill, b. £2; North Broken Hill, s.\£3 12s; Rawang Tin, b. 9s. N.Z. Mining: Arahura, s. £1 Ils; Associated Gold, s. ss; Austral (N.Z.). b. 12s 6d. s. 13s 6d; Blackwater, s. 15s 6a; Grey River (ex div.), s. 10s; Kanieri, s. £1 4s; Ngahere, s. Ils. AUCKLAND Sales.—N.Z. Govt. Stock. 15/12/53-56, 3 per cent. (£1250), £100; National Savings, 15/6/50 (£100), £lOO 15s; Commercial Bank of Aus. (100), 23s 9d; Commercial Bank of Aus. (pref.) (50), £ll 10s; National Bank of Australasia (paid) (10), £l6; National Bank of Australasia (con.) (106), £8 Is; Bank of New South Wales (66), £4O 10s; Union Bank (£25). £l2 6s; South British (600), 88s; Taupo-Totara (pref.) (500), 12s; Dominion Breweries (61), 68s; New Zealand Breweries (200). 58s 3d; Consolidated Brick (200), 15s; Dunlop (N.Z.) ((ord.) (350), 7s Id; Dunlop (N.Z.) (ord.) (350), 7s 2d; Dunlop (N.Z.) (ord.) (100). 7s 3d; Dunlop (N.Z.) (pref.) (500), 7s Id; Forest Products (400), ss; Reid Rubber (100), 28s; Wilson’s Cement (400), 19s; Woolworths (Sydney) (700), 295; Mount Morgan (480), 8s; Wellington Alluvials (500), 4s 6d. Unlisted: i Korma (pref.) (100), 18s Gd; Smith, Wylie (100), 21s 3d WELLINGTON Sales.—Late Wednesday: N.Z. Govt. Stock, 15/5/53-56 (£1000), £lOO 10s: Electrolytic Zinc, pref. (50). £3 9s. Unofficial list: Southern Cross Assurance, ord. (250), 2s. Yesterday: Union Bank of Australia. ex div. (110). £l2 5s 6d (3); Woolworths N.Z. Ltd. (600), £1 '7s 9d; Dunlop N.Z. Limited pref. (50). 7s Id: Woolworths. Ltd. (10Q). £1 8s lid; Dunlop N.Z. Limited, ord. (200), 7s 3d; N.Z. Government 3 per cent. Stock. 15/11/5760 (£1865). £100; 3 per cent. Stock, 15/5/53-56 (£4000). £lOO 10s; Union Bank of Australia, ex div. (65).’ «El2 5s 6d; Bank of Australasia (100), £l3 10s; National Bank of N.Z.. ex div. (50). £3 10S; South British Insurance (100). £4 8s; Dominion Breweries (50). £3 9s; N.Z. Breweries (100), £2 18s Qcl; Ballins Breweries, ex div. (100), £1 15s; Woolworths. Ltd.. (100). £1 8s lid, (600), £1 9s (2); Dunlop N.Z. Ltd,, ord. (550). 7s 2d (3); Punlop, N.Z. Ltd., pref (875), 7s Id (7); Dunlop NZ„ Ltd. (250). 7s Id: Farmers’ Trading (150). £1 14s 9d; N.Z. Forest Products (400) 5s DUNEDIN Sales.—New Zealand Loan and Mercantile, ord. (£100) £ll2. (£100) £113: Otago Fanners’ Co-op., ord., unlisted

(100), 4s 6d; Dunlop (N.Z.), pref. (125), 7s 3d (2). Sales Reported.—N.Z. Govt. 2J per cent. Stock, 1950-51 (£450), £99 (late sale); Westland Breweries (100), 42s 6d; Dunlop (N.Z.). ord. (125), 7s Id/ (late sale). (200) 7s 3d. (250 ) 7s 3d,-pref. (350) 7s 3d (4); National Bank of New Zealand (300), 70s; N.Z. Govt. 3 per cent. Stock, December, 1953-56 (£500), £lOO ss. SYDNEY More than 12,000 shares were exchanged during the morning session on the Sydney Stock Exchange yesterday, which is the largest morning turnover since the Government controls were lifted. The demand, which had been pent up under the- ceiling price system, is now being satisfied and the market is turning from a buyers’ to a sellers’ one. Trading in the afternoon was lighter, but few changes were recorded. Sales.—Bank of New South Wales, £39 17s Gd; Commercial Bank of Australia, 225; Union Bank, £l2; Bank of Australasia, £l3 ss; Associated News, (pref.), 24sHuddart Parker, 665; Burns, Philp. 725; Australian Gas A, £7 13s; Tooths, 73s 6d; Carlton Brewery, 81s 3d; Swan Brewery, 375; G. J. Coles. 88s; Woolworths. 27s 9d; Dunlop, 32s 6d; Farmers, 48s 6d; David Jones. 54s 6d; Anthony Hordern. 27s 6d; Lustre, 355; Kandos (con.), 20s 9dAmalgamated Textiles. 15s 3d; Cumberland Paper (ord. and pref.), 33s idBradford Cotton, 53s 0d; Dalgety £lO l« s; x G^? ei k a J Industries, 295; Goldsbrough. Mort, 34s 3d; Wilcox. Mofflin, 16s 3d; Millaqttin Sugar, 53s 6d; Fairymead Sugar, 355; Mount Morgan, 8s: Broken Hill Ptv., 46s Gd; New Broken Hill, 41s 6d: Kuala Kampar, 17s 6d; Arahura (def.), 21s 6d.