COMMERCIAL

Press, Volume LXXXIII, Issue 25242, 22 July 1947, Page 8

COMMERCIAL

STOCK EXCHANGES

MODERATE TURNOVER There was a moderate turnover on the Christchurch Stock Exchange yesterday. The bulk of the dealings were in Government stock, industrials, and chair stores Price movements were irregular, the outstanding feature being the drop of 5s in the price of Bank of New South Wales shares, which changed hands at £39. Metiers (N.Z.), which are sefldom dealt in, changed hands at 28s, and closed with unsupported sellers at 295. Canterbury Frozen Meat were Is down at £l5 19s, and New Zealand Breweries moved up 3d to 58s on a turnover of 500 shares.

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change

AUCKLAND Sales.—ls/2/55-58, 3 per cent. (£200), £lOO 17s 6d: 15/11/57-60, 3 per cent. (£200). £lOO 2s 6d; 15/9/57-60, 31 per cent. (£1700), £lO2 17s 6d; Bank of Australasia (15), £l3; N.Z. Breweries (100), 57s 9d; N.Z. Insurance (200). £5 7s: Goldsbrough, Mort, rights (100). 10s Id; Union Steam, pref. (200), 33s 6d: Feltex, N.Z. "75), 60s; Broken Hill Pty. (400), 50s 9d; Caros (117), 34s 6d; Colonial Sugar (27), £55 12s 6d; Consolidated Brick (400), 16s 6d: Dunlop. N.Z., pref. (200), 10s lid; Macduffs (200), 465, ppef. (100), 295; Forest Products (200). 7s 9d, (200) 7s IOJd, and pref. (300) 12s 9d; Peters Ice (N.Z.) (175). 455; Silknit. N.Z. (200), 28s 6d; Wilson’s Cement (800). 18s 9d; Woolworths. N.Z. (200). 32s 3d; Arahura (300), 29s 9d: Kanieri (300), 23s 3d; New Broken Hill (300), 43s 6d; Rawang (280). 9s. Unlisted: Korma, pref. (200), 28s 3d, (300) 28s IJd. (100) 28s, (100) 28s Ijd, and (100) 28s 3d. WELLINGTON Sales.—Late Friday: D.1.C., ord. (600), £1 10s; Macky Logan (100), £2 2s: Macduffs, Ltd., ord. (200), £2 6s. Yesterday: Goldsbrough. Mort, rights (33). 10s Id; Dominion Breweries (250). £3 15s 6d; Macduffs. Ltd., ord. (75). £2 6s: Witeon’s Cement (100), 18s lOd: Mount Lyell (100). £1 8s: Broken Hill Pty. (200), £2 10s 9d. DUNEDIN Sales.—Comm. Bank, ord., late sale (300). 23s 7d: Taupiri Coal (106). 625: North Broken Hill, late sale (100). 71s; Felt and

MINING

Snowy River Return.—lOloz bullion from 37,000 yards in 206 hours. Associated Gold Dredges For the week ended July 19. the company’s dredges recovered 122 ounces from 75,697 yards in 3221 dredging hours. Higher Price for Tallow.—With a view to offering greater inducement for the saving of tallow to ensure increased shipments to the United Kingdom, where there is a big and urgent demand for fats, the purchase price of tallow has been increased on an average about £l7 a ton. Tills is the general effect fo an amended purchase-of-tallow order appearing in the latest issue of the Gazette.

£ s. d. Var’n. 3 p.c., Dec., 1953-56 (£400) 100 10 0 Gold., Mort., rights (301) 0 10 1 N.C. Timaru Gas (200) 0 13 0 ■— N.Z. Brew. (100; 200 ; 200) 2 18 0 4-3d W’worths. (100) 1 4 8 —Id Sales Reported Comm. Bk. of Aust., c.d.. (200) 1 3 7 4-100 Nat. Bk. of A’asia. (12s6d pd.) (264) .. 0 19 10 N.C. Bank of N.S.W. (5) 39 0 0 -5/Dalgety and Co. (10) 11 15 0 N.C. Gold., Mort., x.d.x.r. (300) 1 12 0 N.C. Cant. Frozen Mteat (20) 15 19 0 — 1/D.I.C. (500) 1 10 0 N.C. Metters, N.Z. (100) 1- 8 0 — W’worths. (100; 100) 1 12 3 — 3d Beath and Co. (100) 2 10 0 + 1/3

Textiles, N.Z. (75), 60s. QUOTATIONS £ s. d. £ s. d. Buyers. Sellers. Banks— Adelaide — 7 10 0 Australasia — 13 5 0 Comm Aust., c.d. 1 3 4 — Comm. Sydney 24 15 0 25 5 0 E., S., and A. — 7 19 0 Nat. of A’asia., £1 1 11 0 1 11 6 12s 6d 0 19 10 mm Nat. of N.Z. 3 13 6 3 14 0 N.S.W 38 17 6 39 2 6 Union .. __ 12 9 0 Breweries— Dominion 3 15 3 —— New Zealand .. 2 17 9 2 18 b Swan .. 2 2 6 Westland — 2 4 9 Coal— Kaitangata — 1 13 6 Taupiri 3 1 0 — Renown 0 15 0 — Frozen Meat— Canterbury 15 15 0 — Pref. 8 7 6 — Gear 1 12 0 — N.Z. Refrig., £1 pd. — 1 19 0 10s paid 0 19 6 Nth Cantby., pf. • • —- 1 4 6 South Otago 7 10 0 MM Waitaki 8 5 0 MM Gas ■ ■ Christchurch .. 1 6 6 — 10s paid 0 13 0 Timaru 0 12 6 Insurance— National • — 1 9 0 Loan and AgencyGold. Mort., rts. .. 0 10 1 0 10 3 C.F.C.A., ord. 1 7 4 1 7 9 Pref . 2 17 0 — Ch.ch Building —— 22 5 0 Dalgety 11 15 0 11 17 6 Gold., Mt., x.d.x.r. 1 11 6 1 12 0 Mutual Benefit 19 10 0 Nat. Mort. “A” 4 16 0 5 5 0 "B” 2 6 0 — N.Z.F. Co-op. 0 10 0 —— “A” pref. 4 7 0 — **E” pref. 4 6 0 —— 4i p.c. Stk., ’55 .. 103 5 0 MM Dalgetys, Melb. Reg. — 12 0 0 N.Z.L. and M., ord. 120 0 0 139 0 0 Pref. — 140 0 0 Perm. Invest. 11 15 0 — United Build. — 1 4 9 W.F.C.A., pref. 1 1 0 ■ ■M. Shipping— Northern 0 10 9 — Hud., Parker, pf. .. — 1 14 0 Woollens— Felt and Textiles .. — 3 1 0 Kaiapoi pref. — 1 9 3 Timaru 1 9 0 — Miscellaneous— Aust. F.I. 0 6 1 MM Aust. I. and S., pf. 1 17 3 — Beath and Co. 2 9 0 2 10 0 Is paid — 0 19 6 Booth.. Mac. 0 3 1 0 3 4 Pref. 0 13 6 British Tobacco .. 2 12 3 2 12 9 Broken H.P. 2 10 6 2 11 3 Bulleid — 1 0 6 Cant. Roller Flour — 0 15 0 Colonia) Sugar 55 10 0 MM Consolid. Brick — 0 17 0 Broomfields l 4 7 — Dom. Bldg. 0 8 3 — Dorn. Fertiliser 1 10 0 — Dom. Rubber —— 0 16 0 Donaghy’s Rope .. 3 8 0 — Dunlop, N.Z — 0 10 2 Pref. 0 10 9 0 11 2 Electro. Zinc (ord.) 3 7 0 — Pref. 3 7 6 MM Fletcher Hold, (pf.) — 1 16 6 G. J. Coles 4 6 6 4 9 0 Matches, N.Z. —» 0 10 0 Hadfields 0 11 0 Hume Pipe (Aust.) — 1 6 6 l.C.I.A. N.Z. (pf.). x.d. 1 8 9 Kauri Timber 1 15 0 Mas. Struth. £1 pd. 1 5 6 MM 14s paid — 0 17 6 10s paid — 0 13 6 Metters (N.Z.) — 1 9 0 Milburn Lime 1 17 6 MM McKendrick Bros. 1 15 0 MM M.K. Mfrs. — 0 13 0 Morts Dock 1 4 0 — Macduffs 2 7 0 Pref. 1 9 6 McKenzies 3 8 6 — North. Roller (pf.) 1 7 6 M— N.Z. Forest Prod. .. 0 7 9 —M Pref 0 12 0 — N.Z. News. 2 12 6 Procera Bread — 0 13 0 Quill, Morris, 1936 2 0 0 2 5 0 Radio (1936) —— 1 0 6 Reid Rubber 1 7 6 1945, N.F.P. 1 6 6 MM Selfridges 2 5 3 Silknit 1 7 6 1 8 9 Taupo Totara 0 15 0 MM Taringamutu Timb. — 0 19 0 United Provisions 0 19 6 Weeks 12 15 0 Whit, and Tombs mm 8 10 0 Wilson’s Cement .. 0 18 8 0 19 0 W’ths. (ord.) 1 4 6 1 4 7 (N.Z.), ord. 1 12 3 1 12 5 Properties 1 11 9 MM W. R. Cooke and Son 0 6 4 MM UNLISTED STOCKS Amalg. Bat. (pf.) .. 1 0 0 M— Chch. Press 13 5 0 MM. Mt. Cook Tours .. _ 0 10 0 Mack. Caley, Phoenix (15s paid) .. —— 1 18 0 Cont. — 2 1 0 Reece, Ltd., E. (pf.) 0 12 9 Scales “C” (pref.) 0 4 3 0 5 6 Self ridges (W.A.) 1 0 0 1 3 0 Taramakau (5s pd.) 0 5 3 Williamson Jeffery 1 12 6 Whakatane Pacer — 0 8 6