COMMERCIAL

Press, Volume LXXXIII, Issue 25208, 12 June 1947, Page 8

COMMERCIAL

STOCK EXCHANGES RISE IN GOLDSBOROUGH, MORT SHARES The market tone was again irregular on the Christchurch Stock Exchange yesterday, the most notable movement being in Goldsbrough, Mort snares which rose 9d on sales at 38s 9d. There was a keen demand for most issues of Government stock; 3 per cent stock. maturing 15/4/60-63, was sold at £lOO. showing a rise of 2s 6d; the 4 per cent, issue, maturing 15/5/49-52, had its first business ex interest at £lOl 12s 6d; Liberty Bonds were Id firmer at 22s sd. Reported sales of National Savings Bonds were, due 10/7/48, at 21s 9d; due 29/9/49, at 20s lid; due 1/6/50, at 20s sd. An unsupported seller of National Bank of New Zealand shares quoted on the morning call at 755, but the market in the afternoon was 73s 6d: 765; the last local business in these was on May 12 at 81s New Zealand Insurance shares had further business at £5 3s 6d. New Zealand Breweries shares dropped 6d on reported business at 57s 6d; the market closed firmer, however, at 57s 9d: 58s. Morts Dock shares were unchanged at 24s 6d. but Wilsons Cement shares gained 3d to a reported sale at 18s 9d. Woolworths, Ltd., shares were Id firmer with business at 25s 4d DOMINION TRANSACTIONS Christchurch Sales £ s. d. Yarn.

Auckland Sales.—lns. Stock. 15/5/53-56, 3 per cent. (£500), £100; Bank of A’asia. (100). £l3; Union Bank (100), £l3; New Zealand Insurance (100). £5 3s 6d; Auckland Gas (944), 7s 6d; Bartholomew (200), 335; Kauri’(2oo), 34s 3d; Leyland O’Brien (342), 28s 6d; Felt and Textiles of New Zealand (250), 62s 6d; Felt and Textiles of New Zealand, new (250), 61s; Farmers’ Trading (254). 39s 6d; Masonite (200), 495; N.Z. Drug (100), £5 15s; N.Z. Refrig. con. (400), 20s; Radio, 1936 (100), 20s; Reid Rubber (200), 28s 6d; Woolworths, Syd. (500), 25s 4d; Mount Morgan (100). 10s; Mount Morgan (300), 10s id; Rawang (100). 9s 9d. Wellington Sales.—Late Tuesday: N.Z. Govt. 2J per cent. Stock, 15/5/48 (£200), £99 12s 6d; Southland Frozen Meat, ord. (78), £3 8s; Southland Frozen Meat, pref. (35; odd). £3 8s; N.Z. Refrigerating (200), £1 19s 6d; Bartholomew Timber (200), £1 12s 10£d; Farmers’ Trading, ex div. (554; 4 sales), £1 19s 6d; Reid Rubber (100), £1 8s 6d; Macduffs, ord. (110), £2 3s 6d; N.Z. Forest Products (100), 5s Bd, (200) 5s 9d. Unofficial list: Whakatane Paper Mills (1000), 7s 9d. Yesterday: N.Z. Govt. 3 per cent. Stock, 15/11/57-60 (£530), £99 15s; N.Z. Insurance (100), £5 3s 6d; N.Z. Govt. 3 per cent. Steck, 15/9/52-55 (£300), £lOO 12s 6d; 2i per cent. Stock, 15/6/47-49 (£200), £lOO 2s 6d; Auckland Gas (215), 7s 6d; Kauri Timber, ex div. (250). £1 14s 6d; Wellington Wool, ord. (25), £lO 2s 6d; Woolworths, N.Z., Ltd., cum div. (364), £1 Ils 6d; Woolworths, Ltd. (100), £1 5s 4Jd. Unofficial list: British Stand. Portland Cement, 7s 6d paid (100), 3s 3d; Billiards. Ltd., 10s fully paid (110), 14s.

Dunedin Sales.—Union Steam, pref. (100), £1 13s 6d; Mt. Morgan (100) 10s. Sales Reported.—Colonial Sujar (late; 6), £56 2s 6d, (late; 4), £56 2s 6d, (late; 8), £56; N.Z. Govt. 21 p.c. stock, 1948 (£510), £99 10s; 3 p.c. stock, 1955-58 (£500). £lOO 15s; 3 p.c. stock. 1957-60 (£1000), £99 15s; 4 p.c. stock, 1952-55 (£3085), £106; Union Steam, pref. (100). £i 13s 6d; N.Z. Refrig., cont. (200), £1; K.P.. N.Z. Drug (50), £5 14s; Mt. Morgan (130), 10s, (200), 10s; Rawang Tin (100), 9s 9d. , QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

Unlisted Stocks.—Quotations for unlisted stocks in Christchurch yesterday were:—i AmM Batteries, b. £1; Am=l Batteries, pref., b £1: Aust. Invest. Trust, b. 14s: Avon Metal, b. £1 ss: Ch. Ch. Press, b. £l3: Korma Textiles, pf., s. £1 6s 3d; Mack., Caley (15s pd.). s. £2 Is, (10s pd.). s. £1 15s; Reece (ord.), b. Is; Reece, Ltd., E. (of.), b 12s 6H s. 13s 3<U Renent , Theatre, b. 13s 6d: Williamson Jeffery, b. £1 10s, s. £1 14s; Whak. Paper, b. 7s 7d. OTHER EXCHANGES Sydney Some hesitanev developed on the Svdney Stock Exchanee yesterday in the market for industrial leaders. After small lots were taken at late rates buyers in some instances withdrew. An unconfirmed report of & big oil strike in Papua

caused a sudden sharp rise in Oil Search Though the report has been denied in Melbourne, the shares jumped from 7s this morning to well over 10s and settled at 4.30 p.m. to-day at ICs Id. Sales.—Bank of New South Wales. £39 10s; Commercial Banking of Svdnev £24 16s; United Insurance, £l5; Tooths,'7 S 6dMount Lyell, 28s 6d; Broken Hill Ptv ' 50s 9d; New Broken Hill, 42s 3d; North Broken Hill, 69s 6d: Broken Hill South (London delivery). 355; 9s Id- Oil Kjearch, 10s Id; A.C.1.. 60s; Australian Gas ’* £7 , l3s 6d ’, Ar >thony Hordern. 29s 3a: Amalgamated Textiles. 18s 3d; BriTobacco, 52s 6d; Colonial Sugar. £54 15s; Claude Neon. 365; Drug Houses 38s SO- Dunlop, 37s 4id; David Joni?’s6? Felt and Textiles. 61s 6d; Felt and Texl tiles (new). 60s 3d: General Industrie* 345: Mark Foy. 52s 9d; Morts DoS S 9d; New Zealand Forest. 5s 6d; Sargents? Melbourne Sales.—Union Bank. £l3 i s . Goldsbrough. Mort 38s 7d; Australian Cement Bradford Cotton. 51s; Herald 77<; ? I Z „ ?? r . e . st 5i 3d; Bulota Dredging, £7 10s; Loloma, 21s; Mount Mor gan, 10s; Oil Search, 7s 6d.

3 p.C., 1960-63 (£410) 100 b 0 — Liberty B. (120) .. Golds. Mort, c.d. c.r. (200 1 2 5 195) .. 1 18 9 -|- 9d Ww’ths, Syd., ord. (100; + ld 114) .. 1 5 4 Sales Reported 4 p.C., 1949-52 (£1500) .. 101 12 6 —— Nat. Sav., 10/7/48 (£105) 9 — 29/9/49 (£500) 1 0 11 —— 1/6/50 (£200) 1 0 5 N.Z. Ins. (95) 5 3 6 N.C. N.Z. Brew., x.d. (74) 2 17 6 — 6d Morts Dock (100) Wilsons Cement, c.d. 1 4 6 N.C. (500; Tues.) .. 0 18 9 —f- 3d Consol. Brick (200) 0 16 9 — 3d Kaitang. Coal (300) 1 6 6 N.C.

Banks— Adelaide Australasia .. - 7 14 0 13 10 0 Com. Aust .. 1 2 9 3 0 Comm. Syd. — 25 10 0 E., S.. and A. —— 8 9 0 Nat. A’sia. (£1) .. — 1 13 0 (12/6) —— 0 6 Nat. of N.Z. .. 3 13 6 3 16 0 N.S.W. . • 40 0 0 — Union — 13 5 0 Breweries— Ballins, c.d. .. 1 15 0 1 16 6 Melbourne Co-op. 3 9 0 — N.Z., x.d. .. 2 17 9 2 18 6 Swan .. 2 2 0 2 5 0 Tooheys — 18 0 Westland .. — 2 5 0 Coal— Kaitangata •• 1 6 5 — Frozen MeatCanterbury •— 16 10 0 Refrig. .. 1 19 0 2 0 0 (10s paid) .. 0 19 9 1 0 3 South Otago .. 7 10 0 — Waitaki .. 8 0 0 — GasChristchurch .« 1 5 8 — (10s paid) .. 0 13 0 — Timaru —. 0 13 0 Wgton., pf., x.d. .. 1 6 3 — Insurance— F.A.M.E.. c.d. — 1 8 6 Pref., c.d. .. 1 7 3 — New Zealand .. 5 3 0 — Loan and Agency— C.F.C.A., ord. .. 1 6 0 — Pref. .. 2 16 0 — Chch. Building — 23 0 0 Dalgety — 12 o 0 Golds. Mort —— 1 19 0 Mutual Benefit — 19 12 6 Nat. Mort., A, c.d. 4 15 0 —— B. c.d. .. ..2 10 0 — N.Z. and R. Plate ■— 1 3 0 F Co-op. .. 010 0 — "A" Pref. .. 4 e 6 — “B” Pref. - . 4 0 — 4»/ a P-C. Stk., ’50 102 5 0 — 4J p.c. Stk.. ’55 .. 102 5 0 — N.Z. Mort. Sec. .. 1 0 0 Perp. Trustees .. 2 5 0 — Perm. Invest. .. 11 15 0 — United Bldg. .. 1 4 3 1 5 0 Wright Steph. — 1 18 0 Pref. .. 1 7 0 — Shipping— Hud. Parker — 3 7 6 Woollens— Felts, Aust. .. 3 0 6 3 3 6 Kaiapoi —— 1 9 8 Pref. .. 1 8 6 — Timaru .. 1 8 0 — Wellington .. 10 0 0 — Pref. .. .. 10 2 6 10 12 6 Miscellaneous— Alloy Steel (N.Z.) — 2 18 0 Amal. Wireless .. 1 10 0 — A/asxan. Paper .. 1 18 6 — Assoc. Paper, rts. — 0 12 6 Aust. C.I., c.d. — 3 0 t Aust. F. Invest. .. 0 6 2 0 6 4 Aust. I. and S., pf. 1 17 0 — Beath __ 2 9 0 Pref. .. .. 1 7 6 Booth, Mac. .. 0 3 0 0 3 6 B.H. Pty. .. 2 11 6 2 11 9 Bulleid — 1 0 0 Roller Flour — 0 15 Q C. Neon N.Z., c.d. — 2 11 3 Consol. Brick. .. 0 16 6 0 16 11 Dental, Medical 12 6 Dom. Rubber — 0 17 0 D.I.C. (10s pd.) .. 1 9 6 — Pref. 1 10 0 — Dunlop Rubber .. 1 17 6 1 18 0 Dunlop (N.Z.) — 0 10 5 Pref. 6.d. — 0 11 5 Evans Atlas .. 1 6 0 — Fletcher Hold. .. 1 17 3 1 18 0 Frozen Products .. 1 0 9 — G. J. Coles — 4 12 0 Greater Crystal .. 1 4 0 1 7 0 Henry .Tones' .. 3 3 0 — Kauri Timber .. 1 14 0 1 14 9 K.D.V. Boxes .. 0 14 0 — Mas. Struth., 14s pd. 0 17 0 0 17 6 Matters (N.Z.) — i 10 0 Morts Dock .. 1 4 3 1 4 9 Macduffs .. 2 4 0 — Pref. .. 1 8 0 — McKenzies, c.d. .. — 3 9 0 Natl. F’ectric .. 2 13 0 — N.Z. Drug — 5 13 0 N.Z. Express .. 0 14 0 — N.Z. Malay Rub. .. 0 4 0 0 8 0 F. Fert.. pref. .. 1 7 9 — Forest Products .. 0 5 6 __ Nth Roller. pref. 1 7 6 — Quill. Morris (1936) 2 0 0 — Reid Rubber — 1 8 6 Contr. — 0 8 2 Selfridges .. 2 5 0 2 7 6 Tingey. pref .. 1 12 0 — Turnbull and J. .. 1 0 9 — United Prov 0 19 6 Weeks ..12 12 0 — Whit and Tombs .. —.- 8 15 0 Wilsons Cement . 0 18 8 — W’lworths.. ord. .. 1 5 3 5 *■> (N.Z.), ord., c.d. — 1 12 3 (N.Z.). pref. .. 2 3 0 __ (W.A.) —. 5 0 0 (W.A.). rights .. 3 5 0 3 17 6 W. R, Carpenter .. — 2 10 0 W. R. Cooke .. 0 6 3 —