COMMERCIAL

Press, Volume LXXXIII, Issue 25206, 10 June 1947, Page 8

COMMERCIAL

STOCK EXCHANGES SMALL TURNOVER AND FIRM PRICES The turnover was small on the Christchurch Stock Exchange yesterday, but prices maintained recent levels. National Bank of Australasia shares, 12s 6d paid, were IJd higher at 20s 6d. Dominion Breweries shares showed no change on reported business at 70s. C.F.C.A. preference shares, which changed hands at 56s 6d, made the first business this year, and showed a rise of 3s 6d 'on the last* local business. New Zealand Loan and Mercantile ordinary stock rose sharply on reported business at £145, £8 12s above the last sale in May. Colonial Sugar shares had further business at £56. N.Z. Forest Products ordinary shares were dealt in at 5s 6d, showing a fall of 6d. Reid Rubber contributing shares were unchanged at Bs, as were Woolworths, Ltd., shares at 25s 3d. DOMINION TRANSACTIONS Christchurch

Auckland Sales.—N.Z. Govt. Stock, 15/9/47, 2j per cent. (£500), £lOO 2s 6d; 1/8/51-54. 3 per cent. (£700), £lOO 13s 9d; 15/4/56-59, 3 per cent. (£200), £99 17s 6d; Wool Bonds, 1/2/48 (70), 22s 3d; E., S„ and A. Bank (50), £8 7s; Bank of New South Wales (15). £4O; N.Z. Insurance (200), £5 3s 6d; South British Insurance (500), 94s 3d; Auckland Gas (458), 7s sd; Auckland Gas (500), 7s 6d; Felt and Textiles of N.Z. (50), 62s 6d, new (60), 60s 3d; A.C.I. (350). 61s; Auckland Laundry (100), 16s 6d; Colonial Sugar (10), £56; Cribb and Foote (200), 20s; Henry Jones (50), 63s 6d; Reid Rubber (100), 28s 6d; Woolworths, N.Z. (100); 31s 3d; Wool worths, Sydney (500), 25s 4d; Martha (180), 7s 6d; Mount Lyell (300), 29s 3d. Wellington Sales.—Friday: Dalgety and Co. (30), £l2 5s 6d. Yesterday: N.Z. Loan and Mercantile, ord. (£400), £145: Bank of New South Wales (10), £4O; South British Insurance (500), £4 14s 3d; Dalgety and Co. (50), £l2 ss; Felt and Textiles of Aust. (100), £3 3s 3d; Felt and Textiles of N.Z., new issue (100), £3 0s 9d; A.C.1., cum div. (50), £3 Is; Woolworths, Ltd. (200), £1 5s 3d.

Dunedin Sale.—Westport (100), 38s 3d. Sales Reported.—N.Z. Govt. Stock, 3 per cent., 1955-58 (£320), £lOO 7s 6d; 3 per cent.. 1957-60 (£1000), £99 15s; 3 per cent., 1956-59 (£200), £99 17s 6d; Consol. Brick (200), 16s 9d; Commercial Bank, ord. (100; 200), 235; Dunedin Brewery (100), 38s 9d, (100 ) 395. QUOTATIONS

” VVUIUIS. .. z O u Z IO 0 Unlisted Stocks.—Quotations for unlisted stocks in Christchurch yesterday wereAmal. Batteries, -b. £1; Amal. Batteries, pref., b. £1; Avon Metal, b. £1 4s 9dKorma, pref., s. £1 6s 3d; Mack., Calev (15s paid), s. £2 Is; Mack., Caley (10s paid),. S. £1 15s; Reece, ord., b. Is; Reece Ltd., E.. pref., b. 12s 6d, s. 13s 6d; Regent Theatre, b. 13s 6d; Taramakau (5s paid), s. 5s 6d; Whakatane Paper, b. 7s 9d, s. Bs.

OTHER EXCHANGES _ J Sydney Price movements on the Sydney Stock Exchange yesterday showed an upward trend, though this is not yet marked. 1 « Sal^T\ C °2? m * rcia 1 Bank of Sydney. £24 16s; Adelaide Steam, 31s; Howard Smith. 24s 6d; Tooths, 765; Swan, 555; Goldsbrough, Mort, 38s 6d; Mount Lyell, 295; Electro. Zinc. 665; Broken Hill Pty., SisNew Broken Hill, 43s 3d; Wellington, 3s 9d; Oil Search. 7s 8d; A.C.1., 60s; Associated News, 19s; Associated News (oref ) 22s 3d; Atistralian Gas, A, £7 14* 6d : £ 1 ?? I < ar^ ed Tellies. 18s; Berlei, 56s 6d : British Tobacco. 52s 3d; Colonial Sugar, £54 15s; Dunlop, 37s 3d; Farmers, 48s 6dFelt and Textiles, 62s 3d; Felt and Textiles. new, paid, 61s 3d; Kandos 50sMorts Dock. 245; New Zealand Forest, 5s 3d; Peters. 37s 6d; Wool worths, 24s 10idYarra Falls, 545. SYNDICATE TO PRODUCE “PEOPLE’S” CAR A syndicate headed by the former Queenslander, Mr Sidney Cotton, London financier and well-known as an inventor and aviator, has bought the plant and stock of Grantham Productions, Ltd makers of the "people’s car.” states an Australian Associated Press message from London. Grantham Productions went into liquidation recently with £1,000,000 worth of orders on hand. The managing director of the companv Mr W D Kendall. MP. for Grantham' said that the production of tractors would for some time have priority over the production of the “people’s car,” but a six horse-power model, costing £250, was planned.

Sales £ s. d Varn. N.B. A’asia. 12s 6d pd. (184) 1 0 6 -lid C.F.C.A. pf. (40) 2 16 6 + 3/6 Col. Sugar (5; 5; 10) 56 0 0 — 2/6 Forest Prod. (100) .. 0 5 6 — 6d Reid N.Z. Rub. cont. (100) 0 8 0 — Id Sales Reported N.z. Loan ord. (£400) 45 0 0 + £8/12 Dom. Brew. (100) .. 3 16 0 N.C. W’wths. Syd. ord. (200) 1 5 3 N.C.

Buyers. £ s. d. Sellers. £ s. d. Adelaide 7 14 0 Comm. Aust. 1 3 0 Comm. Syd. —_ 25 10 0 E.. S., and A. 8 Nat. A’sia. (£1) .. 1 (12s 6d) .. 1 3 6 8 9 0 0 6 1 0 8 Nat. N.Z. 3 15 6 N.S.W. .. 39 17 6 40 0 0 Breweries— 6 Ballins. c.d. .. 1 15 0 Dominion .. 3 N.Z., x.d. Queensland 16 0 — 2 18 2 0 3 6 C Swan .. 2 1 0« 2 5 0 Kaitangata .. 1 6 0 1 7 0 Canterbury — 16 10 0 Refrig. (£1 paid) 1 (10s paid) .. o Southland .. 3 19 0 — 7 6 South Otago .. 7 10 0 — G Chch. .. 1 5 8 (10s paid) .. o 12 7 Tim aru 0 13 0 Wgton pf., x.d. .. 1 Insurance— 6 0 F.A.M.E., c.d. N.Z. 5 4 6 Loan and Agency— C.F.C.A., ord 1 Pref. ’ .. 2 16 0 0 — Dalgety 12 7 6 Golds. Mort, c.d., c.r. 1 18 A 1 18 9 N.Z. River Plate .. F. Co-op. First Pref. "A” Pref. 4 — 0 10 3 6 6 6 12 6 “B” Pref. .. 4 5 0 4J pc S Stk ’ ' 102 0 0 — Perp. Trustees .. 2 5 0 — Corpn. ’ .. 141 0 0 — Perm. Invest. ’’ 11 15 *0 1 5 0 Wright Steph. .. Pref. .. i Woollens— 1 18 0 — Bruce 2 8 g Felts, Aust. ., 3 2 6 3 3 g Felts. N.Z. .. 3 0 5 Kaiapoi 1 10 o Pref. .. i Mosgiel .. 15 8 2 6 6 Timaru .. i 8 o Wellington .. io Pref. .. io Miscellaneous— 0 0 10 5 0 6 —- Alloy JSteel (ft.Z.) — 2 18 0 Aust. I. and S., pf. 1 17 0 0 6 4 Beath 2 8 9 Is paid .. 1 0 0 Booth Mac. 0 3 6 Brit. Tobacco, x.d. 2 14 9 B.H. Pty. .. 2 it 8 2 12 0 Claude Neon, N.Z. 1 0 2 11 0 6 Colonial .. 56 0 Dental, Medical 16 6 0 17 1 12 0 g Dom. Builders .. o 8 6 D.I.C., 10s paid 1 10 6 Dunlop Rubber Pref., c.d. El. Zinc, pref. — 1 18 0 — 0 11 3 8 6 0 Fletcher Hold. ’’ 1 17 0 Frozen Products .. 1 0 9 G. J. Coles 4 12 o K.D.V. Doxes .. 0 Mason, Struth, 14s 13 9 paid .. .. 0 17 0 0 17 Metters (N.Z.) .. 1 6 0 1 10 o Milburn Lime .. 1 17 6 Mac-duffs .. 2 2 9 McKenzies, c.d. 3 10 o Natl. Electric .. 2 13 0 N.Z. Drug 5 17 6 F. Fert., pref. .. 1 7 9 Forest Products .. 0 5 5 Paper Mills 2 9 0 N.Z. Malay Rub. .. 0 4 0 0 8 0 Quill, Morris .. 2 0 0 Reid Rub., con. .. 0 8 0 0 8 Selfridges 2 7 6 Taupo Totara .. o 14 0 Taringamutu T. .. 1 0 9 Turnbull and J. .. 1 0 9 Tingey, pref. .. 1 12 0 United Prov. 0 19 6 Weeks .. 12 12 0 Whit, and Tombs .. 8 15 0 Wilson’s Cem., c.d. 0 18 6 W’lworths., ord. .. 1 5 3 1 5 5 (N.Z.), pref. .. 2 2 0 Properties, c.d. .. 1 12 3 (W.A.) 5 0 0 Rights .. 3 5 0 W. R. Carpenter .. 2 10 0 Overseas Listings — W’worths. (S.A.) .. 2 6 0 2 10 0