COMMERCIAL

Press, Volume LXXXIII, Issue 25138, 20 March 1947, Page 8

COMMERCIAL

STOCK EXCHANGES TURNOVER SMALL AND MARKET FIRM The market was quiet but firm on the Christchurch Stock Exchange yesterday, and the turnover was small. Inscribed stock, 21 per cent., maturing 15/9/47, had business at £99 10s ex interest, while the 2b per cent. War Loan, maturing 1/10/53, rose 2s 6d on a reported sale at £97 15s; 3 per cent, inscribed stock, maturing 15/2/55-58, rose 7s 6d on the last sale, at £lOO. There was a strong demand for Bank of Australasia shares. National Bank of New Zealand, and Union Bank shares, without any business resulting. A sale of South British Insurance shares reported at 96s 3d showeu an easing of Is 3d on. the last local sale. P. and O. deferred stock had a reported sale at 91s 6d, a drop of 2s, while New Zealand Breweries shares maintained recent levels with reported business at 60s. Anthony Hordern shares rose Is when 100 changed hands at 29s 6d. British’ Tobacco shares were 6d lower at 575. Broken Hill Proprietary shares were firm with reported business at 51s Dunlop (New Zealand) shares had further business at the unchanged price of Ils 9d. Reid (New Zealand) Rubber Mills, shares had a reported sale at 28s, and at that price showed no change. DOMINION TRANSACTIONS Christchurch

Auckland Sales.—N.Z. Govt. Stock, 1/10/53, 2| per cent. (£500). £97 13s 9d; 15/2/49-50, 21 per cent. (£250), £9B 3s 9d; 15/9/52-55, 3 per cent. (£1300), £99 10s; 15/12/53-56, 3 per cent. (£320), £lOO ss; 15/2/55-58, 3 per cent. (£500), £99 15s; 15/4/56-59, 3 per cent. (£500), £lOB 15s; 15/11/57-60, 3 per cent. (£4230), £lOO 10s; 15/6/52-55, 4 per cent. (£1040), £lO4 17s 6d; Dominion Banking Syd. (20), £25 10s; National Bank of N.Z. (100), 725, (100), 72s 6d; National Bank of A’asia. (50), £l6 ss, con. (101), £8; Bank of N.S.W. (13), £4O ss; South British Insurance (200), 965; United Bldg., Auckland (360), 25s 3d; Dominion Brew. (100), 71s; N.Z. Brew. (200), 60s; Booth, Macdonald, pref. (200), 12s 6d; Dunlop N.Z., ord., 10s pd. (300), Us 9d; Elect. Zinc, pref. (50), 68s 6d; Farmers Trading (100), 38s 6d; Gordon and Gotch (50), 90s; Forest Products (100), 4s lOd; Refrig. con. (200), 18s 6d; Rubber Distributors, 17s 6d pd. (100), 26s 3d; Sanford (200), Us 6d; Wilson’s Cement (600), 20S; Woolworths. Syd. rights (200), 20s; North Broken Hill (50), 80s. Unlisted.—Kents Bakeries deb. (£300), £103; Korma, pref. (300), 26s 6d. Wellington Sales. —Late Tuesday: N.Z. Govt. 3 p.c. Stock, 15/5/53-56 (£400),, £lOO 12s 6d; Union Bank of Australia (20), £l3 6s; South British Insurance (450; 2 sales), £4 16s; Felt and Textiles N.Z., ex rights (50), £3 2s 3d; Broken Hill Pty. (700; 2 sales), £2 Ils, (500) £2 Ils Id; Dunlop N.Z. Ltd., pref. (500; 2 sales), Us lid, (200; 3 sales), Ils lid; Selfridges Australasia (50), £2 9s 9d; Woolworths, Ltd., rights (225; 2 sales), £1; North Broken Hill (50), £4; Mount MoYgan (180), 8s Bd. Yesterday: N.Z. Guarantee Corpn. (500), 5s 3d; Colonial Sugar (10), £57; N.Z. Govt. 3 per cent. Stock, 15/12/53-56 (£2000), £lOO 7s 6d; 3 per cent. Stock, 15/11/57-60 (£3115), £lOO 10s; Goldsbrough Mort. (100), £1 16s ljd; N.Z. Breweries (150), £3; Broken Hill Pty. (100), £2 Us; Woolworths, Ltd., ex rights, cum div. (250). £1 6s, rights (66), £1; Woolworths, N.Z., Ltd. (300). £1 Us; Rubber Distributors, 17s 6d paid (100), £1 6s 3d; 3 per cent. Stock. 15/12/53-56 (£800), £lOO ss. Dunedin Sales.—Wright, Stephenson pref. (500), £1 7s 6d; Dunlop. N.Z., ord. (200), Us lOd; Macduffs, Ltd., pref. (100), £1 7s 3d. (100) £1 7s 5d (100), £1 7s 6d; N.Z. Paper Mills (50), £2 6s; Westport Coal (200), £1 13s. Sales Reported.—N.Z. Breweries (300), £3, (450) £3; P. and O. Stock (100), £4 12s; N.Z. Refrig. cont. (200), 18s 6d; Dom. Breweries (50), £3 Ils; Fletcher Holdings, ord. (200), £1 18s 3d; N.Z. Govt. 2J per cent. Stock. 1947 (£1000), £99 10s. Sydney Bank, base metal, and oil shares figured prominently in an active and firm market on the Sydney Stock Exchange yesterday. The demand for Broken Hill Pty. was insistent and 1300 shares changed hands on the morning call alone. Sales.—Bank of New South Wales, £39 10s; Commercial Bank of Sydney, £24 19s; National Bank ’(£s paid), £7 18s; National Bank (£lO paid), £l5 17s; Associated News., 19s 4jd; Associated News, (pref.) 22s 6d; Australian Gas A, £7 10s; British Tobacco, 54s 6d; Tooths, 78s 3d; Toohey’s, 37s 6d; Drug Houses, 39s 6d; Dunlop, 365: Mark Foy, 47s 6d; David Jones, 565; Anthony Hordern, 295; General Industries, 30s 3d; Australian Paper. 36s 6d; A.C.1., 58s 3d; Bradford Cotton, 52s 6d; New Zealand Forests, 5s 4d; Felt and Textiles, 60s; Amalgamated Textiles, 17s 3d; Gordon and Gotch, 86s; Mauri Bros., 89s 6d; Colonial Sugar, £54 10s; Fairy mead Sugar. 325; Electro. Zinc, 665; Mount Lyell, 25s 7Jd; Broken Hill Pty., 495; New Broken Hill. 495; Broken Hill Northj 79s 3d; Kuala Kampar. 19s 6d; Loloma Contributing (London delivery), 225.

Sales £ s. d. Variation. 3 p.c., 1952-55 (£200) 99 17 6 — 3 p.c., 1955-58 (£400) 100 0 0 Anthony Hordern (100) .. 1 9 6 4* VBritish Tobacco (50) 2 17 0 N.C. Sales Reported 2} p.c., 1947 (£1000) 99 10 0 —* W.L., 2J p.c., 1953 (£1360) 97 15 0 Sth. Brit. Ins. (50) 4 16 3 — 1/3 Guar. Corpn. (500) 0 5 3 + Id P. and O. Def. (100) 4 11 6 — 2/N.Z. Brew. (300; 50) 3 0 0 4-3d Broken Hill Pty. (200) .. 2 11 0 N.C. Dunlop, N.Z., ord. (300) 0 11 9 N.C. Reid (N.Z.) Rubber (200; Tues.) 1 8 0 N.C. W’lworths, Syd., c.d., x.r. (250) --x A 6 0 — 3d W’lworths, Syd., rts. (200, 200, 500) 1 0 0 4-Id

Quotations BanksBuyers. £ s. d. Sellers. £ s. d. Adelaide 7 15 0 Australasia 13 5 0 Comm, of Aust. . 12 4 12 6 Comm, of Sydney 26 0 0 E„ S., and A. ’836 __ Natl of A’asia.— (£10 paid) 16 0 0 16 10 0 (£5 paid) 8 0 0 8 7 6 Natl of N.Z. 3 12 0 Union 13 6 0 __ Insurance— F.A.M.E. .. 16 9 National 18 0 New Zealand 5 4 0 5 7 6 South British 4 16 0 Standard 4 12 0 Loan and Agency— C.F.C.A. (ord.) 15 0 1 .7 0 (pref.) .. 2 15 0 Dalgety 12 12 6 12 17 6 Goldsbrough 1 15 9 Mutual Benefit 19 12 6 Natl. Mort. A, c.c 5 4 0 5 7 6 B 2 10 0 N.Z.F Co-op.— • 10s paid d 10 6 4J p.c. Stock, 1950 101 0 0 __ 4i p.c. Stock, 195 >101 00 N.Z. Guar. Corpn 0 5 2 Perm. Invest. 11 15 0 • United Bldg., c.d 14 6 Wright. Steph. 1 18 6 Pref. 18 0 Shipping— Northern, cont. 0-3 0 0 3 6 Hud dart Park., x.c 3 6 0 3 6 6 P. and O. 4 10 9 Woollens— Felts, N.Z., x.r. . >13 3 3 0 Kaiapoi 1 10 0 pref. • • , 18 0 Mosgiel 15 0 0 Timaru 1.6 6 Frozen Meat— Canterbury — 16 10 0 Refrig. — 1 19 3 10s paid Coal— 0 18 4 0 18 7 Kaitangata 16 0 . — 1 13 0 Christchurch 15,0 16 9 Wellington 1 14 6 Breweries— Ballins 1 16 0 1 17 6 New Zealand 3 0 0 3 0 3 Swan Westland 2 4 6 2 7 0 Mist ellaneous— Alloy Steel (N.Z.) 2 17 D 2 18 0 Anthony Horderr 1 9 R) Aust., C.I. 3 0 0 Beaths, ,x.d. 2 10 0 Booth. Mac. __, Pref. 0 12 3 Brit Tobacco 2 16 9 2 17 0 Broken Hill Pty. . 2 10 9 2 11 3 Burns. Philp 4 4 0 ‘ John Bulleid 10 3 Roller Flour 0 17 6 Colonial Sugar 56 17 6 Dunlop Rubber 1 16 6 Dunlop, N.Z. 0 11 7 0 11 9 Pref. 0 11 10 Electro. Zinc, pre 3 8 3 Evans Atlas 16 6 Fletcher Hold. 1 17 9 1 18 6 Frozen Products . 10 3 G. J. Coles 4 16 0 4 17 0 Gordon and Gotc 4 10 0 Hadfields 0 8 6 Hay’s, Ltd. 3 0 0 15s paid 2 15 6 Hume Pipe 1 2 9 I.C.I (pref.) 18 4 1 R 6 Kauri Timber 1 14 9 Mason Struthers . 13 6 13 9 14s paid 0 17 0 10s paid 0 13 0 M.K Manuf. 0 12 0 0 14 b Macduffs 1 18 6 1 19 0 pref. 17 1 18 0 Nat Electric 2 10 0 N.Z. Express, pf. . 1 10 0 Forest Products 0 4 9 N.Z Newspapers . 2 12 0 Paper Mills 2 5 9 Quill Morris (1936) x.d. 1 16 0 Radio (1936) — 10 2 Reid Rubber 18 6 (con.) 0 8 6 Selfridges 2 9 3 2 9 9 United Prov. 1 2 0 Whit, and T.» x.d 8 7 6 Wm. Cable 2 7 6

Wilson’s Cement . W’wrthg., obd., ejBuyers. £ s a. 1 0 0 15 8 Seller*. rn Pref., rights ord. 0 19 9 i n • Properties 1 12 3 W.A., CX1. ——* 6 5 • W. R. Cooke 0 15 0