COMMERCIAL

Press, Volume LXXXIII, Issue 25160, 16 April 1947, Page 8

COMMERCIAL

STOCK EXCHANGES RISES IN SEVERAL ISSUES The volume of business was larger on the Christchurch Stock Exchange yesterday, and the market was generally firm with rises in some instances. Government 3 per cent, inscribed stock, maturing 15/2/55-58, had further business at the unchanged price of £lOO 2s 6d; Wool Bonds, maturing 1/2/48, were sold at 22s 3d, showing a rise of 7d on the last local business. The most notable rise occurred when 139 F.A.M.E. Insurance ordinary shares were sold at 27s 6d, 2s 6d more than the last sale price. National Bank of New Zealand shares were firm at 75s 6d and 765, with business at 75s 9d, a rise of 9d on last local turnover. Broken Hill Pty. shares were 3d higher at 51s 3d, at which price 400 shares were sold; more were required at this figure. Dunlop Australia shares sold at 38s 3d, showed a rise of Is. Dunlop New Zealand preference shares were Id easier at Ils 9d, when 550 shares changed hands. 1.C.1. (A.N.Z.) preference shares rose 2d to business at 28s 6d, with more wanted at that figure. Woolworths, Ltd., shares eased 6d on the last local sale to business at 25s 3d, 250 shares being sold. DOMINION TRANSACTIONS Christchurch

Auckland Sales—N.Z. Govt. Stock, 1/8/51-54, 3 p.c. (£540), £lOO 2s 6d; 15/11/57-60. 3 p.c. (£7665), £lOO 12s 6d; 15/9/52-55, 3 p.c. (£2000), £100; 15/2/55-58. 3 p.c. t£suO), £100; Auckland Gas Perp. Deb. (£100), £9O 10s; Bank of N.S.W. (15), £4O 7s 6d; N.Z. Insurance (200), £5 3s 6d; North Auckland Farmers, B pref. (250), 16s 9d; Auckland Gas (736), 7s 3d; Felt and Textiles of N.Z., new, pref. (400), 28s; Oamaru Wool (400), 38s 6d; A.C.I. (140), 61s; Farmers' Trading (450), 395; A pref. (100), 295; Dunlop, N.Z., ord. (100), Ils; Colonial Sugar (5). £57; Reid Rubber (150), 275-6 d, new (100), 275; G. J. Coles (100), 95s 9d; Woolworths, N.Z. (500), 31s; Woolworths. Sydney (300), 255, (100) 24s 9d. Wellington Sales,—Late Monday: Woolworths, Ltd., rights (125; two sales), 19s 6d; A.C.I. (45; odd). £3 Is. Yesterday: N.Z. Govt. 3 p.c. Stock, 1/8/51-54 (£250). £lOO ss; 3 p.c., 15/9/52-55 (£250), £lOO, (£500) £100; 3 p.c.. 15/5/53-56 (£320), £lOO 17s 6d; 3 p.c. 15/12/53-56 (£1000; 3 sales), £lOO 12s 6o; N.Z. Guarantee Corpn. (400 ; 2 sales). 5s 6d; Woolworths, N.Z., Ltd. (1300, 3 sales). £1 Ils; N.Z. Govt. 3 p.c. Stock, 15/12/5356 (£1000), £lOO 12s 6d; 3 p.c. 15/7/6163 (£1100), £lOO 2s 6d; 3 p.c., 15/4/56-59 (£500; 2 sales), £99 10s; 3 p.c., 15/11/5760 (£2810; 2 sales), £lOO 15s; 3 p.c., 15/11/57-60 (£5000). £lOO 13s 9d; National Insurance (350), £1 9s; N.Z. Insurance (100), £5 3s 6d; A.C.I. (140), £3 Is; Broken Hill Pty. (100), £2 12s; G. J. Coles (300; Oddi, £4 15s 9d, (100) £4 15s 9d; Dunlop, N.Z., Ltd., pref. (100), Ils 9Jd; Woolworths, N.Z., Ltd. (100), £1 Ils. Unofficial list: Selfridges N.Z., Ltd., con., ex div. (200), 15s 9d.

DUNEDIN Sale.—Woolworths, Ltd. (100), 25s 6d. Sales Reported.—N.Z. Refng., cont. (300), 18s 4d, (100), 18s sd; Otago Daily Times (100), £2 17s 6d; N.Z. Express Co. pref. (100). 255; Dunlop Australia (100), 37s 6d.

Sydney The general share market in Sydney yesterday remained firm, with the market leaders strong, but activity wa£ colourless. Sales.—Bank of New South Wales, £4O ss; Commercial Bank of Sydney, £25; Burns, Philp, 82s; Swan Brewery, 42s fid; Winchcombe Carson, 39s 3d; Wilcox, Mofflin, 17s 7Jd; Mount Morgan, 8s 6d; Mount Lyell, 265; Electro. Zinc, 65s 3d; Broken Hill Proprietary, 50s 3d; Wellington, 4s 3d; Bulolo, £6 4s; Placer, £6 7s; Kanieri, def., 16s; A.C.1., 595; Associated News, pref., 225; Austral Gas (A), £7 14s; Bradford Cotton, 51s 3d; British Tobacco, 555; G. J. Coles, 90s; Colonial Sugar, £54 12s 6d; Dunlop, 37s 9d; Kandos, 45s 3d; Peters, 10s paid, 34s 3d; Stedmans, 265; Wooiworths, 23s 9d.

OUTPUT OF COTTON' PIECE GOODS World output of cotton piece goods is now below pre-war by about 15 per cent., according to a survey issued by the council of the Cotton and Rayon Merchants Association Exports, it states, have fallen to a far greater extent, showing a large portion of the world’s production being used to satisfy local needs. The population in large areas of the world is inadequately clothed, and the council claims that shortly export trade will need to be free of all restrictions on changing direction as circumstances require The warning is given that progress m production on the Continent and in Japan may be more rapid than in countries which are nearer their maximum effort Latest reports from Japan indicate output at an annual rate of more than 400,000.000 square yards, compared with an average of 4.000.000.000 in pre-war years. Output on the Continent is said to oe at the rate of 4.000,000,000 square yi.rds yearly, against an average of 7,520,000,000 for 1937 and 1938. 1

Sales £ s. d. Variation. Wool Bonds, ’48 (130) 1 2 3 — F.A.M.E., ord. (139) 1 7 6 +2/6 B.H.P. (100, 100, 100, 100) 2 11 3 4" 3d Dunlop Rub. (100) Dunlop, N.Z., pf. (200, 1 18 3 + 1/200, 50, 100) 0 11 9 — Id pf. (100) 1 8 6 4-2d W’ths., Ltd. (100, 100) .. 1 5 3 —6d Sales Reported 3 p.C., ’55-58 (£200) 100 2 6 Nat. Bank N.Z. (150) 3 15 9 4-9d

QUOTATIONS Buyers. £ s. d. Sellers. £ s. d. Banks— Comm, of Aust. — 1 3 0 (pref.) .. 11 5 0 11 15 0 Comm, of Sydney —— 25 15 0 E., S„ and A. — 8 5 0 Natl, of N.Z. 3 15 6 3 16 0 N.S.W. 40 5 0 Union Insurance— — 13 7 6 F.A.M.E. 1 7 6 —— National 1 9 0 — Sth. British, x.d. — 4 14 0 Standard Loan and Agency4 15 3 — C.F.C.A., ord. 1 5 6 1 7 6 Dalgety —- 12 7 6 Goldsbrough, Mort 1 17 3 1 17 9 Mutual Benefit 19 12 6 — Nat. Mort. (A), x.d. 5 4 6 5 10 0 Nat. Mort. (B), x.d. 2 10 0 — F. Co-op. 0 10 0 0 10 6 4J p.c. Stock, ’50 101 0 0 —— 4 A p.c. Stock, ’55 101 0 0 — Loan and Mer., ord. 120 0 0 ■■■■ 1 ■ Perm. Investment 11 15 0 — United Building ] 4 0 1 5 0 Wright, Steph., Pf. —. 1 8 0 Perp. Trustees Shipping— Huddart-Parker — 2 7 0 3 5 6 Woollens — Felts (Aust.) 3 0 0 3 2 0 Felts (N.Z.) 3 0 0 — Kaiapoi, f.p. 1 9 0 —- pref. 1 8 6 Mosgiel, c.d. 15 0 0 Timaru 1 7 0 — Wellington, pref. Frozen Meat— 10 0 0 Canterbury — 16 10 0 pref. 8 7 6 — Refrig., f.p. —— 1 19 0 10s paid Waitaki .. ■ 0 8 18 12 6 6 Coal— Kaitangata — 1 6 0 Westport Gas— — 1 13 0 Christchurch 1 6 0 — 10s paid 0 12 6 — Wellington Breweries— 1 14 6 Ballins 1 16 0 1 17 0 New Zealand — 2 19 6 Swan — 2 3 0 Miscellaneous — Alloy Steel (N.Z.) —— 2 18 0 Anth. Hordern j 9 6 —. Aust. Fd. Inv., x.r. 0 6 0 — Beaths 2 7 0 2 8 6 Is paid 0 13 9 — pref. 1 7 0 — Berlei (N.Z.) — 6 10 0 Booth Macd. — 0 3 5 pref. •— 0 13 7 British Tobacco * - 2 15 6 2 16 6 Broken Hill Pty. 2 11 3 2 11 6 Bulleid, John — 1 0 6 Claude Neon 2 12 0 Colonial Sugar — 57 2 6 Consolidated Brick — 0 17 8 Dental, Medical — 1 13 6 Dom. Builders 0 8 6 0 10 0 Dom. Fertiliser 1 9 0 Dom. Rubber 0 17 0 D.I.C., 10s paid 1 9 0 —- pref. 1 9 0 Dunlop Rubber 1 18 3 1 18 9 Dunlop. N.Z. 0 10 6 0 11 2 pref. —— 0 11 11 Elect. Zinc. ord. 3 6 6 pref. — 3 9 0 Fletcher Holdings — 1 18 9 Frozen Products 1 0 3 1 3 0 G. J. Coles 4 15 0 Gordon and Gotch 4 11 6 Hadfields 0 8 6 Hay’s. 15s paid 2 16 0 Hume Pipe 1 4 6 I.C.I., pref. 1 8 4 — Mas. Struth, £1 pd. 1 3 3 1 4 6 14s paid 0 15 9 0 17 0 10s paid 0 13 0 Metters. N.Z., r.d. —— 1 12 6 Milburn Lime 1 17 6 — M.K. Manuf. 0 11 6 —. Macduffs 1 15 0 1 17 6 pref. — 1 8 0 McKenzies __ 3 11 0 Natl. Electric. 2 10 0 New Colosseum 2 10 0 2 15 0 N.Z. Express 0 12 0 N.Z. Forest Prod. 0 5 0 0 5 4 pref. 0 8 9 N.Z Newspapers 2 12 0 Paper Mills 2 6 6 Otago Daily Times 2 17 0 Selfridges 2 9 3 2 10 0 United Prov. — 1 0 0 Whit, and Tombs 8 10 0 Wilson’s Cement 0 19 6 0 19 9 W’worths., ord. 1 5 5 rights 0 18 7 0 19 3 N.Z., ord. 1 10 9 1 11 0 Properties 1 12 6 1 12 9 Overseas Listings— W’worths. (S.A.) — 2 10 6