COMMERCIAL STOCK EXCHANGES

Press, Volume LXXXIII, Issue 25226, 3 July 1947, Page 8

COMMERCIAL

STOCK EXCHANGES

INSCRIBED STOCK ACTIVE Substantial trading in N.Z. Government inscribed stock contributed largely to the volume of business on the Christchurch Stock Exchange yesterday. The 3 per cent, issue, maturing 15/9/52-55, had reported sales at £lOl, showing a rise or 7s 6d on the last local business. The 3 per cent, issue, maturing 15/12/53-56, had a sale on. ’change at £lOO 10s, and reported business at £lOO 7s 6d, the latter price being unchanged. The 3 per cent, issue, maturing 15/2/55-58, changed hands at £lOl ss, showing a rise of ss, while the 3 per cent, issue maturing 15/4/56-59, at £lOO 10s, showed a rise of 2s 6d. The 3 per cent, issue, maturing 15/11/57-60, at £lOO 2s 6d, showed an improvement of 2s 6d. The 3*A per cent, issue, maturing 15/1/56-59, had reported business at £lO3 2s 6d, and was the first local business this year. Wool Bonds, maturing 1/2/48, were sold at the unchanged price of 22s 4d, while a sale of National Savings Bonds, maturing in September and October, 1949, was reported at 21s 4d. Commercial Bank of Australia shares were Id higher on a reported sale at 235, but N.Z. Breweries shares maintained their weaker tone with a reported fcale at 58s 6d; further sellers quoted at this figure but were unsupported. A reported sale of Dalgetys shares at £l2 was Is lower; 50 British Tobacco shares were reported at 53s 3d, and tfijs price showed a drop of 3s 9d on the last local sale on May 14. D.I.C. preference shares had a reported sale at 30s—the first business this year. Electrolytic Zinc ordinary shares were 6d easier on reported business at 67s 6d. Milburn Lime shares had their first local business this year at 37s 6d. 100 Standard Cement shares changed hands at 26s 6d. Woolworths, Ltd., shares were 3d easier on business at 25s 2d and 25s Id. In the unlisted section, Whakatane Paper Mills ordinary shares gained Id when 100 shares changed hands at 8s lOd. DOMINION TRANSACTIONS Christchurch Sales

Auckland Sales.—Comm. Bank of Aust. (300), 22s 10s; Bank N.S.W. (10), £39 17s 6d; F.A.M.E. Insurance (100), 265; F.A.C., £2 paid (100), 56s 3d; Canty. Farmers, 25s paid (105), 265; Taupiri (207), 47s 6d; Leyland, O’Brien (100), 26s 9d; B.H. Pty. (200), 51s 6d, (100) 51s 3d; Colonial Sugar (5), £55 15s; Dunlop, N.Z. (250), 10s; HiH and Plummer, ex div. (100), 445; K.D.V Boxes (400), 14s 6d; Forest Products (1400), Bs, pref. (200), 12s 6d; Refrig., con. (100), 19s 6d; Reid Rubber, new F.P. (200), 27s 6d; WooKvorths, N.Z. (100), 32s 6d, (100 ) 32s 7d; Woolworths Properties (300), 325; Woolworths, Syd. (150), 255; Broken Hill South (300), 35s 9d; Mount Lyell (100), 28s 6d. Unlisted: N.Z. Industries (200), 28s; Selfridges, N.Z. (900), 16s. Wellington Sales.—Late Tuesday; South British Insurance’ (150), £4 14s 9d; F.A.M.E. Insurance, ord. (100), £1 6s; N.Z. Forest Products (100), Bs. (400 ) 8s (200) pref., 12s 6d. Yesterday: Melbourne Steam, ord. (100), £1 15s; N.Z. Forest Products (100). 7s lOd; Dunlop N.Z. Ltd., ord. (100), 10s; 3 per cent. Stock, 15/12/53-56, (£1600). £lOO 7s 6cj; 3 per cent. Stock, 15/4/56-59. (£400). £lOO 10s; 3 per cent. Stock 1/8/51-54 (.£200). £lOl ss; 31 per cent. Stock. 15/9/57-60 (£1000), £lO3 2s 6d; Commercial Bank of Aust. (300), £1 2s lid; Gear Meat (450). 2 sales). £1 12s; Colonial Sugar (5). £55 15s; D.I.C. brd. (103). £1 10s 6d; Woolworths. N.Z., Ltd., ex div. (400. 2 sales). £1 12s 7d; N.Z. Forest Products (274). 7s lOd. Unofficial Ust.—Selfridges N.Z., Ltd. 16s paid (300). 16s Dunedin Sales.—Dalgety and Co. (25), £l2 10s; Dunlop, N.Z., ord. (100), 10s Id; Smith and Smith, pref. (100), £1 5s 6d; Woolworths, N.Z. (100), £1 12s 6d; Wholesalers, Ltd. (unlisted, 200), £1 2s 6d. Sales Reported.—National Sav. Bonds, 1949 (£700), £1 Is 4d; Comm. Bank, ord. (200), £1 3s; Felt and Textiles, N.Z., pref. (200), £1 8s 3d; Woolworths, Ltd. (100), £1 5s 3d; Whakatane Paper Mills (unlisted, 100), 8s 9d; Union Steam, pref. (300), £1 13s 6d; Otago Harbour Board, 4A p.c., 1948-55 (£400), £lOl 10s; N.Z. Forest Products, ord. (400), 8s Id.

QUOTATIONS Buyers. Sellers. £ s d. £ s. d.

Buyers. Sellers € s <1 £ s d. (N.Z.), pf. ... 2 3 0 (W.A.), rts. .. 3 9 0 W. R. Cooke .. 0 6 3 Unlisted Stocks.—Quotations in Christchurch yesterday tor imHsted '"°rp' Amal. Batt., b. 20s, pref., b. 20s; Mount Copk’ Tours, s. Ils - N.Z. Fis’-'ertos. x.d . 6d, s. 19s 3d; Reece, ord., b. Is. s. 2s 6d; Regent Theatre, b. 15s; Scoular. b. 13s; Selfridges (W. Aust.), s. £1 4s; Williamson Jeffery, b. £1 12s, s. £1 15s; Whak. Paper, b. 8s 7d, s. 9s.

OTHER EXCHANGES

Sydney The downward tendency for highpriced shares became defined yesterday on the Sydney Stock Exchange, as some leading industrials edged back. Sellers were prominent over a wide range, anjd all offerings were not absorbed. Brokers attribute the slackening of *the market partly to unrest associated with the introduction of the 40-hour week in New South Wales.

Sales.—Bank of New South Wales, £39 7s 6d; Commercial Bank of Sydney, £24 18s; Commercial Bank of Australia, 22s 6d: Queensland* Brewery. 40s: Goldsbrough Mort. 325; Winchcombe Carson. 395:-Mount Morgan. 9s 6d; Mount Lyell. 28s: Zinc Corporation, £6 9s; Broken Hill Ptv.. 50s; New Broken Hill. 39s 6d; A.C.1., 58s; Associated News.. 18s 9d; Associated News., pref., 22s 9d: Anthony Hordern, 29s 4jd; Amalgamated Textiles. 18s; Bradford Cotton. 535; British Tobacco. 52s 6d; Colonial Sugar. £54 15s: Drug Houses. 38s 9d; David Jones. 56s 6d: Hadfields, 10s 6d; Morris Hedstrom. 525: New Zealand Forest. 8s: Woodworths, 24s IJd; W. R. Carpenter, 47s 6d. Melbourne Sales.—Goldsbrouph,, 32s 6d; Carlton Brewery, 81s 6d: British Tobacco. 535; Dunlop. 395; Felt and Textiles. 60s 6dHume Pipe. 20s; Kauri Timber. 34s 6d; Myers, 48s 6d; Herald. 775: Electrolytic Zinc." 66s 9d; Broken Hill Pty.. 50s 3d; New Broken Hill, 40s; Emperor, 18s 6d; Loloma, 22s 9d.

£ s. d. Var’n 3 p.c., 1952-55 (£450) 101 6 0 — 3 p.c., Dec., 1953-56 (£200) 100 10 0 — 3 p.c., 1955-58 (£300) 101 5 0 — Standard Cement (100) .« 6 6 + 2/6 W’lworths (200) 5 2 —2d W’lworths (100) 1 5 1 — 3d Unlisted + ld Whakatane Paper (100) 0 8 10 Sa es Reported 3 p.c., 1952-55 (£450; £200; £1700) 101 0 0 —— 3 p.c., Dec. 1953-56 (£1000) 100 7 6 — 3 p.c., 1955-58 (£3350) .. 101 0 0 — 3 p.c. 1956-59 (£400) 100 10 0 — 3 p.c. 1957-60 (£265; £400) 100 2 6 — 3«/ 4 p.c., 1956-59 (£1000) Nat. Savings, Sept., Oct., 1949 (230) Wool Bonds, 1/2/48 (95) 103 2 6 — 2 4 — Comm. Bk. of Aust. (200) 1 3 0 + ld Nat. Bank of N.Z. (50) 3 14 6 — Dalgety and Co. (50) N.Z. Breweries (150) (L.S.Y.) Brit. Tobacco (50) 12 0 0 — 1/2 2 18 13 6 3 N.C. -3/9 B.H.P. (100; 100) 2 12 0 N.C. D.I.C., pref. (133) Electro. Zinc (100) 3 10 7 0 6 N.C. — 6d Milburn Lime (200; 160) 1 17 6 N.C.

Banks— Adelaide — 7 11 0 Australasia 12 12 6 13 0 0 Comm, of Aust. .. 1 2 9 3 0 Comm, of Sydney — 25 0 0 E., S„ and A. —■— 8 7 0 Nat. A’asis., £1 — J 13 0 Nat. of N.Z. 3 14 9 N.S.W. —- 39 15 0 Union, x.d. .. — 12 12 6 Breweries— Ballins 1 14 6 1 15 6 New Zealand .. — 2 18 6 Queensland 1 19 6 — Swan .. «« 2 3 0 Westland —— 2 5 0 Coal— Kaitangata 1 12 0 1 15 6 Taupiri 2 3 0 — Frozen Meat— Canterbury — 16 5 0 Pref 8 5 0 — N.Z. Refrig., 10s pd. —- 1 0 0 Southland 3 8 0 —— South Otago 7 10 0 — Waitaki 8 5 0 — G3S— Christchurch . • — 1 7 0 10s paid 0 13 0 — Timaru .. 0 11 10 0 13 0 Wellington, pref. .. 1 6 3 — Insurance— National — 1 9 0 New Zealand, c.d. 5 5 0 — Loa and Agency— Gold. Mort., rts. .. 0 9 9 * 0 10 6 C.K.C.A., ord '1 6 0 — Pref 2 16 0 Ch.Ch. Building .. — 22 12 6 Dalgety 12 0 0 Gold., Mort, x.d.x.r. 1 12 0 — Invinc. Build. — 6 0 0 Mutual Benefit 19 10 0 —— N.Z. and R. Plate MM 1 3 0 N.Z.F Co-op. 0 10 0 — First pref. — 6 12 6 “A” prtff. 4 7 0 4 10 0 “B” pref. 4 5 6 —— 4’' 2 p.c. Stk., ’50 103 0 0 4*,i p.c. Stk., ’55 103 5 0 — N.Z.L. & Mer., ord. — 147 0 0 Perm Invest. 11 15 0 — United Build. 1 4 3 1 4 9 Wright, Steph., pf. 1 7 3 —— Shipping— Northern 0 10 9 MM Hud. Parker (pref.) 1 13 3 Woollens— Felts Aust. — 3 2 Kaiapoi — 1 8 9 Pref. 1 8 6 — Manawatu .. — 2 15 0 Mosgiel .. 16 0 0 Miscellaneous— Alloy Steel (N.Z.) __ 2 18 0 Aust. C.I. 2 19 0 MM Aust. F. Invest. .. 0 6 1 0 6 4 Aust. I. and S., pf. 1 17 0 1 18 0 Beath (pref.) 1 7 6 — Booth, Mac. —- 0 3 6 Pref. 0 13 3 Brit. Tobacco — 2 13 3 B.H. Pty. —— 2 12 0 Bulleid 0 19 7 — Cant. Roll. Flour .. m— 0 15 0 Claude Neon N.Z. — 2 10 0 Col. Sugar — 56 0 0 Consolid. Brick — 0 16 9 Denhard Bak. — 0 19 0 Dental, Medical a.. —— 1 12 0 Dom. Builders .. 0 8 6 0 10 0 Dom Fertiliser 1 8 6 Dom. Rubber — 0 17 0 D.I.C. (pref.) 1 9 9 Dun. Rubber 1 19 0 Dunlop N.Z. Pref 0 0 10 11 0 Electro. Zinc, (ord.) — 3 7 6 Evans Atlas. 1 6 0 Farmers’ Trading * 0 0 Fairymead Sugar — i 15 0 Frozen Prod. 1 0 9 — G. J. Coles — 4 11 6 Greater Crystal —- 1 7 0 Hadfields 0 10 3 0 11 0 Howard Smith M— 1 5 0 Hume Pipe (Aust.) 1 5 6 Kauri Timber 1 14 3 1 15 0 Macky Logan Mas. Struth. 14s pd. — 2 3 6 — 0 17 6 Metters <N.Z.) 1 9 6 Morts Dock 1 3 9 1 4 9 Macduffs 2 9 6 Pref. — 1 10 0 Nat. Electric — 2 16 0 N.Z. Drug. 5 15 0 6 5 0 N.Z. Express 0 14 0 MM_ N.Z.F. Fert., pf. .. 1 7 9 —— N.Z. Forest Prod. — 0 7 10 Pref. 0 12 0 0 12 6 N.Z News. 2 12 6 Quill Morris (1936) 2 0 0 Radio (1936) 1 2 6 — -Reid Rubber 1 8 0 Contr. — 0 8 0 Selfridges — 2 6 0 Standard Cement 1 6 3 — Taupo Totara 0 14 7 — Taringamutu T. .. — ] 0 0 Turnbull & J., x.d. — 1 8 0 Tingey, pref. 1 12 0 Weeks 12 12 0 Whit, and Tombs .. 8 12 6 W’worths (ord.) .. 1 5 2 (N.Z.), ord. 1 12 6 1 12 9