COMMERCIAL

Press, Volume LXXXIII, Issue 25178, 8 May 1947, Page 8

COMMERCIAL

STOCK EXCHANGES GOVERNMENT STOCK AGAIN IN DEMAND The demand for Government inscribed stock continued on the Christchurch Stock Exchange yesterday, and sales were made in four issues; £llOO of 3 per cent, inscribed stock, maturing 1/8/51-54, was sold at £lOO 10s, showing a rise of 7s 6d on the last sale price; the 3 per cent, issue, maturing 15/5/53-56, rose sharply to sales at £lOl ss, showing a rise of 12s 6d; 3 per cent, bonds, maturing 15/4/60-63, were reported at £loo—this showed no change in comparison with the previous sale of stock; 4 per cent, inscribed stock, maturing 15/6/32-55, showed a rise of 7s 6d on reported business at £lO5 7s 6d. Bank of New South Wales shares rose 5s when four shares changed hands at £4l 10s. Goldsbrough. Mort shares were Is higher on reported business at 38s 3d. Kaiapoi Woollen ordinary shares had further business at 30s. A.C.I. shares had a reported sale at 62s 6d, which was 2s more than the last sale on May 2. Electrolytic Zinc ordinary shares had their first business since March, with reported sales at 68s and 67s 9d. The former price was Is 6d lower. A sale of Macduffs preference shares was reported at 28s 6d, a rise of 6d. United Provisions shares had sales at 19s 9d, and reported business at 19s lOld; the latter sale showed a rise of 51d. Woolworths. Ltd., rights, eased 3d, when 66 were sold at 19s 6d. In the unlisted section, Korma Textiles preference shares were-sold at 27s 2d, a rise of 5d on the last business.

Zealandia Soap 10 0 Unlisted Stocks.—Quotations for unlisted stocks in Christchurch yesterday were:— Amalg. Batteries, b. £1; pref., b. £1; Avon Metal, b. £1 4s, s. £1 7s 6d; Balling Deb., s. £102; Korma. pref., s. £1 7s 2d; Mackintosh, Caley, b. £2 7s 6d, s. £2 10s; 15s paid, s. £2 Is 3d; 10s paid. s. £1 15s; Mt. Cook Tours, b. 9s. s. 10s 6d; Reece. Ltd., E., pref., b. Ils 3d, s. 13s 6d; Scales. "C,” pref., b. 4s. s. 6s: Radio Corpn., b. 16s, s. £1; Selfridges. N.Z., cont., s. 16s; Tingey, b. £3 12s 6d: Whakatane Paper, b. 7s, s. 7s 9d.

OTHER EXCHANGES

Auckland Sales.—N.Z. Govt. 15/5/48, 2J per cent. (£500), £IOO ss; 1.5/6/47-49, 2J per cent. (£2500), £99 15s; 15/2/55-58, 3 per cent. (£400). £IOO 7s 6d: Auckland Power Board. 15/6/59. 4j per cent. (£200), £ll2 10s; Bank of Australasia (25). £l3 10s; National Bank of N.Z. (250), 81s: N.Z. Insurance (140). £5 3s 6d; Golds., Mort 4 £200) 38s; Traders’ Finance Con (800), 8s 3d; A.C.I (2t)0). 625; Cox Bros (120), 12s; Farmers* Trading (300 ) 38s 6d; Fletcher Holdings (100). 37s 6d; Hadfields (200). 10s; K.D.V. Boxes (350), 13s 6d; Reid Rubber (145). 26s 9d; Komata (300). 7s; Emperor (300). 17s. Unlisted: Korma pref ♦500) 27s 6d. Wellington Sales.—Late Tuesday: £1470 3 per cent. Stock. 1957-60, £lOl ss; 200 National Bank of N.Z. £4 Is: 50 Felt and Textiles of NZ.. ord., £3 2s 6d; 500 A.C.I. 9 per cent, cum pref. £2 6s 6d: 500 Myer Emporium 9 per cent., cum pref.. £2 4s 6d; 600 Herald and Weeklv 61 per cent, cum pref., £1 15s 9d; 250 United Provisions. £l. Unofficial list: 272 Whakatane Paper Mills, oref., £1 5s Yesterday: 50 Wellington Wool, ord., £10: 500 Mauri Bros, and Thomson. 9 per cent., cum pref.. £2 4s 6d; 500 Nestle and AngloSwiss. 8 per cent., cum pref,. £2 Is 6d: 300 United Provisions. £1: 500 (2 sales) ♦felted Provisions. £1: £6OO 3 per cent. <?tock 1057-60. £lOl ss: Woolworths. Ltd., rights. £1 Rs: 25 Woniworths. Ltd., rights l«s Rd: 255 Woobvorths. Ltd.. IDs 3d Unofficial list: 450 Ross and Glenctinina. £2 13s: 200 Selfridges (N.Z.). 16s paid. 16s. Dunedin Sales—N.Z. Refrig cont. (300. 3 sales). 18s 6d; Southland Frozen Meat. pref. (100; 2 sales). £3 7s fid: Dunlop N.Z pref. (100). Ils sd; Mount Lyell (100). £1 8s 3d Sales Renorted: Woolworths. Ltd (200) £1 6s: NZ Paper Mills (late, 100). £2 8s: Ross-and Glendining (unlisted: 450). £2 13s Sydney Firm late rates were offered on the Sydney Stock Exchange yesterday for leading industrial shares, but no* great volume of scrip was made available. The most freely traded among top-flight shproc was Colonial Sugar. Sales.—Bank of New South Wales, £4l ss; "Commercial Bank of Sydney, £24 15s;

National Bank (£lO paid). £l6 4s; Bank of Adelaide, £7 17s; Bank of Australasia, £l3 13s; Queensland National Bank, 22s 6d; Mercantile Mutual, 445; Howard Smith, 24s 9d: Tooths, 795; Toohey’j 37s 9d: Swan, 41s 3d; Goldsbrough Mort, 37s IGjd; Wilcox Moffiin, 18s 3d; Mount Morgan, 9s 6d; Mount Lyell. 27s 3d; Electro Zinc, 66s 9d; Broken Hill Proprietary, 52s fid; Broken Hill South. 35s 3d; Wellington Alluvial. 4s Id; Larut Tin. 9s 4d; Placer Development, £6 15s; Oil Search, 9s 6d; Associated News., 19s lid; Australian Gas A, £7 14s; Anthony Hordern, 30s; British Tobacco. 54s 9d; Colonial Sugar. £54 15s; Claude Neon. 355; Felt and Textiles, 60s; General Industries. 335; Lustre, 39s 6d; Mauri Bros., 92s 3d; New Zealand Forest, ss; Peters, 38s; Sargents, 30s; Woolworths, 255: W. R Carpenter. 46s fid. Melbourne Sales.—Union Bank, £l3 Ils; Australasian Paper, 375; Australian Consolidated Industries. 60s fid: Australian Iron and I Steel (pref.), 36s 6d; British Tobacco. 55s 3d; Drug Houses. 39s 3d: Felt and Textiles, 61s;. G. J Coles. 935; Hume Pipe, 25s 3d: Myers. 49s fid; Woolworths. 25s lid; Broken Hill South, 35s 9d; New Broken HiU. 46s fid: Mount Lyell, 27s 6d; Lolo ma, 22s 2d; Mount Morgan. 9s 9d; nil on •

DOMINION TRANSACTIONS Christchurch Sales £ s. variad. tion. 3 p.C., 1951-54 (£1100) .. 3 p.c.. May, 1953-56 (£250, 100 10 0 — £300) 101 5 0 — Bank N.S.W., c.d. (4) 41 100 4-5/-United Provisions (200) 0 19 9 + & W’worthh, Syd., 0 19 6 —3d Korma. pref. (100, 100) 1 7 2 -|-5d Sales Reported 3 p.c.. 1960-63 (£2005) .. 100 0 0 — 4 p.c., 1952-55 (£205) 105 7 6 — Golds. Mort. (1,00) 18 3 4:1/’ Kaiapoi (17s pd. (100 10 0 N.C. A.C.I. UI (2M) ’ ’ 3 2 6 4-2/-Elec. Zinc, ord. (100) 3 8 0 —1/6 (50) .. 3 7 9 —1/9 Pref. (100) .. 3 9 6 N.C. Gordon, Gotch (100) 4 11 6 -3d Macduffs, pref.. (100) 1 8 6 4-6d Forest Products (118) 0 5 2 United Provisions (500) . 0 19 10J 4-5id QUOTATIONS Buyers. Sellers. £ . d £ & d. Banks— .< Australasia .. 13 10 0 WW Comm. Aust. ,. 1 3 0 .MW Pref. .. 11 5 0 WWW E., S., and A. ..8 2 6 8 12 6 Nat. A'asia., c.d. (£10) .. ..16 12 6 WM . National N.Z. .. 4 0 6 4 2 8 N.S.W., c.d. .. 41 7 6 WWW Union ..13 8 0 13 12 0 insurance— South British .. 4 13 0 WWW Standard .. 4 15 6 WM ■Loan and Agency— C.F.C.A., ord. .. 1 >5 6 WWW. Pref. .. 2 15 0 Mw Daigety ,. 12 2 ff 12 5 0 Goidsbrough, M. .. 1 18 0 — Invincible Build. ... — 5 17 6 Mutual Benefit .. 19 12 6 WM Nat. Mort. (B) .. 2 10 0 MW Farmers’ Co-op. .. w» 0 10 6 A pref. . 4 5 0 W-W B pref. .. ... 4 3 0. WWW 41 p.c. Stock, '50 101 *1 6* WM 4J p.c. Stock, ’55 101 15 0 WWW Guar. Corpn. 0 5 8 Perm. Invest. .. 11 15 0 WWW United Build. .. 1 4 3 15 0 Perp. Trustees .. w» 2 6 0 ShippingNorthern .. 0 12 2 P. and O. . ..4 15 0 Woollens— Felts, Aust. .. 3 1 3 WWW Kaiapoi, 17s paid .. 1 Pref. .. 1 9 8 6 6 1 IQ 0 Mosgiel .. ..15 0 0 WWW Timaru 1 7 0 wwW Wellington .. 9 17 6 ■ 1 1 Pref. ..10 0 o . Frozen MeatCanty., pref. .. 8 7 6 Gear .. • Mw 1 12 3 Refrig., £1 paid ... 1 18 9 10s paid .. , 0 Waitaki 18 5 8 12 6 Coal— Kaitangata ___ 15 9 Westport .. —— 1 12 9 Gas— . Auckland .. .. 0 9 3 WW Christchurch 16 6 10s paid — 0 12 9 Timaru WW 0 14 6 Wellington WWW 1 14 0 Breweries— Ballins _■ 1 17 6 Dominion .. 3 12 0 New Zealand .. 2 18 9 WW Miscellaneous— Andersons, pref. .. 1 6 0 Anthony Hord., c.d. 1 9 9 A'asian Paper 1 18 0 2 0 0 Aust., CI. 3 0 0 3 2 6 Aust. Foun. Invest. 0 8 3 Beaths 2 ~6 9 Is paid .. 0 14 2 Booth, Macdonald 0 ~3 6 Broken Hill Pty. .. WW 2 13 3 Burns, Philp, c.d. 4 2 6 Bulleid *— 1 "o 9 Roller Flour 0 15 9 Claude Neon 2 12 0 Consolidated Brick 16 10 0 17 3 Dental, Medical WWW 1 13 6 Dorn. Rubber / — 0 18 0 D.I.C., 10s paid Dunlop, NJZ., pf. .. 1 11 0 0 11 6 Dunlop Rubber 1 Elec. Zinc, pref; .. 3 18 3 g 9 3 ~9 8 Fletcher Hold. .. 1 16 10 1 17 6 G. J. Coles — 4 16 0 Gordon- Gotch WWW 4 12 0 Hay’s, Ltd., 15s pd. 2 17 6 Henry Jones, c.d. ... 3 2 6 3 ~4 6 Hume Pipe .. 1 a 9 15 6 I.C.I., pref. .. 1 8 9 Mason, Struthers, £1 paid 1 5 3 16 0 14s paid .. o 16 0 WM 10s paid .. 0 12 3 — Metters (N.Z.) 1 6 1 10 0 Milburn Lime 1 17 6 M.K. Manuf. .. 0 11 6 WM Morris Hedstrom — 3 0 0. Morts Dock — 14 6 Macduffs .. 1 18 0 Pref. .. 1 8 0 1 ~9 0 McKenzies WWW 3 10 0 Nat. Electric .. 2 12 0 N.Z. Express .. 0 13 6 WWW . N.Z. Drug ..5 15 0 6 5 0 Forest Products .. 0 5 0 5 3 Pref. .. 0 9 3 N.Z. News. x.d. .. 2 11 0 2 13 3 Radio, 1936 1 0 0 Sanford . .. ( 12 -WW Taupo’ Totara .. 0 13 8 — Selfridges ■WW 2 9 0 United Provisions —W 10 0 Whit, and Tombs 8 12 6 W’worths., ord. .. 1 5 10 1 ~6 0 Rights .. 0 N.Z., ord. .. 1 18 9 0 19 9 11 9 1 12 6 N.Z., pref. .. 2 2 0 Properties •— 1 12 9 W.A. WW 5 15 0 W. R. Cooke 0 5 3