COMMERCIAL

Press, Volume LXXXIII, Issue 25227, 4 July 1947, Page 10

COMMERCIAL

STOCK EXCHANGES OVERSEAS STOCKS LOSE GROUND The easier tone evident in the Australian market was reflected on the Christchurch Stock Exchange yesterday, when several overseas market leaders lost ground. The demand continued for New Zealand Government inscribed stock and sales made showed a firmer tendency. A reported sale of the 2J per cent, issue maturing 15/6/47-49 was made at £99 2s 6d, a rise of 2s 6d, while the 3 per cent, issue, maturing 1/8/51-54? was 5s higher on reported business at £lOl 10s. A reported sale of 3 per cent, issue maturing 15/2/55-58 at £lOl was 5s lower, but more were asked for at this figure. Liberty Bonds showed no change at 22s sd, and the same applied to Wool Bonds maturing 1/2/48 and 1/2/49, which had business at 22s 4d and 21s 8d respectively. Commercial Banking Co. of Sydney shares had further business at the unchanged rate of £25, but Ballins Breweries shares lost ground on a reported sale at 355. N*.Z. Breweries shares were easier, with l a seler at 58s 3d, after a reported sale at 58s 6d. S\Ban Breweries shares had their first local business this year, when a sale wqs reported at 42s 6d. Standard Insurance shares had business at 98s, and were 3s 9d higher at this price. British Tobacco shares fell 9d on a sale of 150 shares at 52s 6d and 440 Electrolytic Zinc ordinary shares which sold at 67s 6d showed no change. A reported sale of Morris Hedstrom shares at 54s was the first since February 26 and was IS 6d lower. Macduffs preference shares were unchanged at 29s 3d. Turnbull and Jones’, shares had reported business at 27s 6d, and Wilson’s Cement shares were unchanged on the sale of 200 at 18s 9d. In the unlisted section, Australian Investment Trust shares reached the sales list for the first time this year on the reported sale of 100 at 17s 6d. Selfridges, N.Z., contributing shares also had their first local business this year at 16s Id. DOMINION TRANSACTIONS Christchurch Sales

Auckland Sales.—lns. Stock, 1/10/53, 2>,i per cent. (£2430), £9B; 15/12/53-56, 3 per cent. (£800), £lOO ss; 15/2/55-58, 3 per cent. (£600), £lOO 15s; 15/11/57-60, 3 per cent. (£1195), £lOO 2s 6d; Wool Bonds, 1/2/48 (50), 22s 4d, 1/2/49 (55), 21s 7d; Bank of A’asia. (99), £l2. 16s 3d; Com. Bank Aust. (300), 22s lOd; Bank N.S.W. (8), £39 17s 6d; Union Bank (10), £l2 7s 6d; South British Insurance (300), 94s 9d; F.A.C., £5 paid (25), £7 12s 6d; Golds. Mort., rights (166), 10s 4d; Felt Tex., N.Z., new (50), 60s 6d; Kaiapoi Woollens (100), 28s 6d, (100), 28s 9d; Oamaru Wool. (200), 36s 6d; Burns Philp (100), 83s 9d; Col. Sugar (5), £55 15s; Elec. Zinc. (125), 67s 9d; Farmers’ Trading (100), 39s 6d, (100), 40s; Fletchers (200), 38s 6d; Coles (100), 80s; Forest Products (400), 7s 9d, (400), 7s lid, (2205), Bs, pref. (520), 12s 9d; Refrig., contributing (200), 19s 6d; Waihi Invests. (500), 5s 4d. Wellington Sales.—Late Wednesday: N.Z. Refrigerating, cont. (100), 19s 6d. Sales.—Yesterday: Dalgety and Co. (25), £l2 Is; Turnbull and Jones, 10s pd., ex div. (300), £1 7s 6d; Fletcher Holdings (200), £1 18s 6d; Woolworths, Ltd. (100), £1 ss, (100), £1 4s lOd; Dunlop, N.Z., Ltd., pref. (100), Ils; Wellington Wool, ord. (50), £lO ss; Dunlop N.Z., Ltd., nref. (200), Ils Id; Standard Portland Cement (200), £1 6s 6d; Fletcher Holdings (200), £1 18s 6d; Woolworths, Ltd. (100), £1 4s 8d; Swan Brewery (100), £2 2s lid. Unofficial List. —Selfridges N.Z., 16s pd. (100), 16s 2d. Dunedin Sales.—Kaitangata Coal (500), £1 13s 9d; Wholesalers, Ltd (100, unlisted), £1 ss; Woolworths, N.Z. (100), £1 12s 6d; Woolworths, Ltd. (100), £1 ss. Sales Reported.—Kaitangata Coal (110), £1 13s 9d; D.1.C., pref. (133), £1 10s 3d; N.Z% Breweries (150), £2 18s 6d; Colonial Sugar (3), £55 15s; Colonial Sugar (2), £55 15s. QUOTATIONS Buyers. Sellers. £ s d. £ s. a.

Amalgamated Batt., b. 20s; pref., b. 20s; Aust. Invest. Trust, b. 17s 3d; Ass. Mot. Pet. (pref.) b. £1 Ils; Mt. Cook Tours, s. Ils; Matches, N.Z., s. 10s; Reece, ord., b. Is 2d; Reece, Ltd., E. pref., b. 12s 9d, s. 13s 3d; Regent Theatre, b. 15s; Scoular and Co., Wgton., b. 13s; Selfridges (N.Z.), cont., s. 16s 3d, (W. Aust.) s. £1 4s; Williamson Jeffery, b. £1 12s; Whak. Paper, b. 8s 6d, s. 8s lOd; pref., b. £1 ss.

OTHER EXCHANGES

The tendency since the opening of the new financial year for front-rank industrials to ease was again shown yesterday on the Sydney Stock Exchange. Tooths and Broken Hill Proprietary were among the leading shares to be marked down further. New capital issues made by companies registered in Australia during the six months to June 30, 1947, aggregated £9,275,000, which is by far the greatest I amount ever raised in a comparable period. Sales.—Bank of New South Wales, £39; Commercial Bank of Sydney, £24 15s; Howard Smith, 24s 4Jd; Burns, Philp, 82s; Tooths, 77s 3d; Wilcox, Mofflin, 16s 7Jd; Mount Morgan, 9s 6d; Mount Lyell, 28s; Electro. Zinc, 66s 9d; New Broken Hill, 39s 9d; North Broken Hill, 695; South Broken Hill, 345; Kuala Kampar, 23s 3d; Rawang, 9s 3d; Oil Search, 8s 7d; A.C.1., 58s; Associated News, 18s Australian Gas (A), £7 13s; Anthony Hordern, 29s 4Jd; Amalgamated Textiles, 18s; Bradford Cotton, 535; Colonial Sugar, £54 15s; David Jones, 56s 6d; Farmers’, 495; Fairymead Sugar. 32s 3d; Hadfields, 10s 4d; Mark Foy, 50s; Morts Dock, 23s 9d; Mauri Bros.. 945; Morris, Hedstrom, 525; New Zealand Forest Products, 8s 4d; Sargents, 30s; Woolworths, 245.

Sales.—Commercial Bank of Australia, 22s 3d; Swan Brewery, 41s 9d; Associated Pulp, 33s sd; Australasian Paper. 36s 9d; Dunlop, 39s Id; Felt and Textiles, 60s; Myers, 48s 6d; New Zealand Forest Products, 8s 6d; Yarra Falls, 53s 3d; Broken Hill Propiretary, 50s 3d; Electrolytic Zinc (pref.), 67s 6d; Oil Search, 8s lOd.

Brit. Tobacco (150) £ s. d. Var’n. 2 12 6 —9d Electro. Zinc (100; 100) 3 7 6 N.C. Wilson’s Cement (200) .. 0 18 9 + 2£d Sales Reported 2J p.c., 1947-49 (£300) .. 99 2 6 — 3 p.c., 1951-54 (£1600) .. 101 10 0 — 3 p.c., 1955-58 (£600) .. 101 0 0 Liberty Bonds (120; 100) ] 2 5 Wool Bonds, 1/2/48 (125) 2 4 — Wool Bonds, 1/2/49 (60) 1 8 — Standard Insurance (100) 4 18 0 + 3/9 Ballins Breweries (300) j 15 0 — 8d N.Z. Breweries (50) 2 18 6 N.C. Swan Brewery (100) 2 2 6 Electro. Zinc (125; 115) 3 6 N.C. Morris, Hedstrom (50) .. 2 14 0 — 6d Macduffs, pref. (200) 1 9 3 N.C. Turnbull and Jones, (300) 1 7 6 + 1/6 3 p.c Stock, 1951-54 (£1200) 101 7 6 —— Unlisted Aust. Invest. Trust (100) 0 17 6 .— Self ridges, N.Z. (contr.) (100) 0 16 1 —

Banks— Adelaide —- *7 11 0 Australasia — 12 15 0 Comm, of Aust. — 2 11 Comm, of Syd. 24 17 6 25 0 0 Nat. A’asia., £1 — 1 13 0 12/6 0 19 9 _. Nat. of N.Z. —— 3 14 6 N.S.W. — 39 15 0 Union, x.d. Breweries— — 12 10 0 Ballins . 1 15 0 New Zealand — 2 18 3 Swan 2 2 0 2 2 6 Tlooths Coal— — 4 1 0 Kaitangata . 1 13 6 1 14 0 Taupiri Frozen Meat- . 2 7 0 2 10 0 Canterbury — 16 5 0 Pref. ’ 8 5 0 N.Z. Refrig., 10s pd. 0 19 0 0 19 7 Southland . 3 8 0 — South Otago , 7 10 0 —. Waitaki Gas- . 8 5 0 — Christchurch — 1 0 10s paid 1 0 13 0 — Tim ar u 0 11 9 0 13 0 Wellington, pref. Insurance— .. 1 6 3 — National 1 8 0 j 9 0 N.Z., c.d. . 5 5 0 5 7 6 Standard Loan and Agency- — 4 19 0 Gold. Mort., rts. . 0 10 3 0 10 9 C.F.C.A., ord. .. 1 6 0 Pref. . 2 16 0 Ch.Ch. Building 22 12 6 Dalgety — 12 4 0 Golds. Mort, x.d.x.r. 1 12 0 j 13 0 0 Invinc. Build. 6 0 Mutual Benefit .. 19 10 0 Newt. King 0 3 9 _ N.Z.F. Co-op. 0 10 0 "A” pref. 4 7 0 “B” pref. 4 5 0 4*/2 p.c. Stk., 55 103 5 0 . N.Z. Guar. Corpn. — 0 5 8 N.Z.L. & Mer., ord. .— 145 0 0 United Build. 1 4 3 4 9 Wright, Steph., pf. 1 7 3 Ab. and Wms. Shipping— 0 12 9 — Northern .. 0 10 9 Hud. Parker, pf. Woollens— .. 1 13 0 — Felts, Aust. . 3 0 6 3 2 0 Kaiapoi — 9 0 Pref. 1 8 6 Manawatu 2 15 0 Timaru Miscellaneous— 1 1 8 0 Alloy Steel (N.Z.) 2 18 0 Aust. C.I. 2 18 0 2 19 6 Aust. I. and S., pf. 1 17 3 Beaths 2 10 0 Pref. j 7 6 Booth, Mac. 0 2 6 0 3 6 Pref. 0 13 3 0 13 9 Brit. Tobacco . 2 12 6 B.H. Pty. 2 11 3 Bulleid 0 0 0 6 Canty. Roll. Flour 0 15 2 Claude Neon, N.Z. 2 8 0 . 2 10 0 Col. Sugar . 55 10 0 55 0 Consolid. Brick o 16 Denhard Bak. 0 19 Dental, Medical __ 12 Dom. Builders 0 9 9 Dom Fertiliser *. 1 8 6 Dom. Rubber 0 17 0 D.I.C. (pref.) Z i 9 9 Dun., Rubber . 1 19 0 2 0 0 Dunlop, N.Z. . 0 9 11 0 10 0 Pref. . 0 10 10 0 11 0 Electro. Zinc., ord. —. 3 7 9 Pref. 3 8 0 Evans Atlas 1 6 0 Farmers’ Trading 2 0 0 Fairymead Sugar 1 15 0 Gen. Industries 14 6 G. J. Coles 4 H 6 Greater Crystal . . 7 0 Griffin and Sons 2 17 6 Herald and Week 4 0 Hadfields 0 10 3 0 11 Howard Smith 5 o Hume Pipe (Aus 1 5 6 Kauri Timber 15 o Mas. Struth. 14s p —, 0 17 6 10s paid 0 11 0 0 13 3 Metters (N.Z.) — 9 6 Morris Hedstrom 2 13 9 2 16 0 Morts Dock 4 Macduffs 2 9 Pref. 10 Natl. Electric 2 18 N.Z. Express 0 14 9 N.Z.F. Fert., pf. 1 9 N.Z. Forest Pro 0 7 9 0 7 11 . Pref. 0 12 3 0 13 0 N.Z. News. 2 12 0 Radio 3 0 1 4 6 Quill Morris (193 2 0 0 Reid Rubber 1 8 o Contr. 0 8 o Selfridges 2 6 0 Silknit 1 0 10 0 Procera 0 13 o Taringamutu T. 0 0 Turnbull & J., x. 1 6 6 Taupo Totara 0 15 0 0 16 2 Weeks 12 12 0 Whit, and Tombs 8 12 6 Wilsons Cement 0 18 6 W’worths., ord. ■ 4 1 (N.Z.), ord. 1 12 6 1 12 9 (N.Z.) pref. 2 3 6 W. R. Carpenter 2 8 6 W. R. Cooke & Sor 0 6 3 Unlisted Stocks: Quotations on Christchurch yesterday for unlisted stocks were: