COMMERCIAL

Press, Volume LXXXIII, Issue 25245, 25 July 1947, Page 10

COMMERCIAL

STOCK EXCHANGES GOOD TURNOVER There was a good volume of business on the Christchurch Stock Exchange yesterday, with price levels generally well maintained. Recorded dealings registered almost an equal number of gains and losses. Industrial leaders were firm. The outstanding feature of the call was the sharp drop in Macduffs to dealings at 43s Gd, a drop of 2s 6d. Woolworths, Ltd., were steady at 24s 8d on a small turnover and Goldsbrough Mort, rights, were fractionally firmer at 10s 3d, while Goldsbrough Mort remained unaltered at 325. Bruce Woollens scored a rise of Is 6d at 49s 6d and Kaiapoi Woollens recovered most of their lost ground with a late sale on Wednesday at 29s lOd, with further buyers yesterday at 29s 9d—no sellers. New Zealand Refrigerating, fully paid, eased 6d to sales at 38s 6d, and New Zealand Breweries 3d in their dealings at 57s 9d. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—ls/2/49-50, 2j p.c. (£500), £100; 15/11/57-60, 3 p.c. (£545), £lOO 2s 6d; 15/7/61-63, 3 p.c. (£1960), £99 10s; Nat. Bank Australasia, con. (200), 19s lid; Bank N.S.W. (45), £39; Pukemiro (400), 325; Renown (1000), 17s 9d; New Zealand Insurance (330), £5 7s; South British (50), 955, and (150) 95s 3d; Golds. Mort, rts. (33), 10s 2d, and (994) 10s; Feltex, N.Z. (200), 60s; Kaiapoi Woollen (100), 30s; Broken Hill Pty. (412), 51s; Colonial Sugar (15), £55 12s 6d; David Jones (100), 565; Dunlop, N.Z. (100), 9s lOd; Elec. Zinc, pref. (51), 67s 6d; Farmers' Trading (500), 38s 9d; G. J. Coles (50), 89s; Geo. Court (100), 72s 6d; Macduffs, pref. (500), 295; Northern Roller, pref. (100), 295; Turnbull and Jones, 10s paid (100), 28s 6d; Woolworths, Sydney (200), 24s 7d; Martha (400), 8s Id; Mount Morgan (500), 8s 9d; Rawang (200), 9s 4d. Unlisted: Korma, pref. (1000), 28s. WELLINGTON Sales.—Late Wednesday: 3 p.c., 15/11/5760 (£545), £lOO 2s 6d; 3 p.c., 15/4/60-63 (£360), £lOO ss; N.Z. Breweries (50), £2 17s 9d; South British Insurance (50), £4 15s; Selfridges. A’asia. (100), £2 4s 6d; Woolworths, Ltd. (200), £1 4s 7d; Broken Hill Pty. (100), £2 11s. Yesterday: National Bank of A’asia. (300), £1 Ils 6d; Auckland Gas (300), 7s lid; Goldsbrough, Mort, rights (243), 10s 2d; Farmers’ Trading (400), £1 18s 9d; William Cable, ex rights (300) £1 15s 3d, and (200) £1 15s 2d; Dunedin Breweries (100), £1 18s 9d; Arahura Gold (100), £1 9s 9d: United Building, Christchurch (200), £1 4s 6d; 2J p.C., 15/6/47-49 (£500), £99 7s 6d; N.Z. Refrigerating (200), £1 18s 9d; South British Insurance (100), £4 15s 6d; Goldsbrough, Mort, rights, two sales (533), 10s 2d. DUNEDIN Sales.—Goldsbrough, rights (160), 10s 2d; Broken Hill Pty. (200), 51s; Macduffs, ord. (100), 455. Sales Reported.—3l p.c. Stock, ’57-60 (£1000), £lO2 17s 6d; 3 p.c., Dec.. ’53-56 (£1750), £lOO 7s 6d; N.Z. Breweries, late sale (100), 57s 9d; Kaiapoi (117, 200), 30s; 8.G., Pty. (100), 51s; Dominion Fertiliser (125), 30s; National of A’asia, cont. (200), 70s; South British (100), £4 14s 9d, (50) £4 15s, and (100) £4 15s 3d; Dunedin Breweries (100), 38s 9d; Macleods (36), £3O.

OTHER EXCHANGES SYDNEY Business was light on the Sydney Stock Exchange yesterday, neither buyers nor sellers showing any disposition to force business. Few variations of note were recorded. Sales.—Bank* of New South Wales, £3B 17s 6d; Burns, Philp, South Seas, 50s; Tooths, 75s 3d; Tooheys, 37s 3d; Wilcox, Mofflin, old issue, 18s; Mount Morgan, 8s 6d; Mount Lyell, 28s; Electrolytic Zinc, pref., 67s 3d; Broken Hill Pty., 59s 9d; Kuala Kampar, 22s 6d: Larut Tin, 8s 9d; Oil Search, 9s 2d; A.C.1., 59s 3d; Associated News., 19s: Aust. Paper. 17s; British Tobacco, 52s 3d; Colonia] Sugar, £54 15s; Claude Neon, 35s 6d; Dunlop, 38s 3d; Hadfields, 10a 10d; Kandos, 45s

6d; Mark Foy, 48s; Morts Dock. 245; Millaquin Sugar, 535; Sargent’s, 29s 9d; Yarra Falls, 535. MELBOURNE Sales.—Goldsbrough, Mort, 325; Carlton Brewery, 79s 6d; Adelaide Steam, 30s 6d; Anthony Hordern, 29s 3d; Associated Pulp, 33s 9d; British Tobacco, 52s 3d; Broken Hill Proprietary, 50s 9d; Colonial Sugar, £55; Cox Bros., Ils; Drug Houses, 38s 3d; G. J. Coles, 85s 9d; Hume Pipe, 265; Imperial Chemicals, 27s 2d; Millaquin Sugar, 52s 9d; Myer, 48s 9d; Nestles (pref.), 39s 9d; New Zealand Forests, 8s; United Provisions, 19s; New Broken Hill, 42s 6d; Zinc Corporation, £7; Mount Lyell, 28s 3d; Tongkah Compound, 24s 3d; Emperor, x.s lOd; Mount Morgan, 8s sd; Wellington Alluviala, 3i 9d.

Sales on ’Change £ s. d. Var’n. Gold. Mort rts. (153) .. 0 10 3 4-Id Brit. Tobacco (170) 2 12 6 N.C. Grey River (200) 0 9 6 N.C. Sales Reported 3 p.c. Dec.. 1953-56 (£1200. £550) 100 7 6 — Bank of N.S.W. (5) ... 39 0 0 N.C. Gold. Mort x.d.x.r. (306) 1 12 0 N.C. United Bldg. (200) 1 4 6 4-3d N.Z. Refrig. (£1 pd.) (100; 150) 18 6 — 6d Bruce Woollens (200) .. 2 9 5 4-1/5 Bruce Woollens (100) 2 9 6 4-1/6 Kaia. Wool. (L.S.Y.) (117) 1 9 10 4-1/4 N.Z. Breweries (100, 50) (L.S.Y.) 2 17 9 — 3d G. J. Coles, x.d. (50) 4 8 6 4-3d Macduffs (104, 351 45. 55) 2 3 6 -2/6 Reid N.Z. Rubber (L.S.Y. (100) 1 7 0 -1/W’wths. (Syd. ord.) (100) 1 8 N.C. Arahura (L.S.Y.) (700) 9 9 N.C. Kanieri (L.S.Y.) (400) 1 3 3 — 6d

QUOTATIONS £ s. d. Buyers. £ s. d. Sellers. Banks— Adelaide — 7 10 0 Australasia .. —- 13 5 0 Comm, of Aust. .. 13 9 14 4 Com. of Sydney .. 24 15 0 25 0 0 E., S., and A. — 7 19 0 Nat. of A’asia., £1 —- 1 11 3 12s 6d .. 0 19 9 MM Nat. of N.Z. 3 13 3 3 14 0 N.S.W. —— 39 2 6 Union .. .. —— 12 9 0 Breweries— Dominion .. 3 15 3 MM New Zealand MM 2 17 9 Westland MM 2 4 9 Coal— Kaitangata .. — 1 13 a Taupiri 3 4 0 MM Renown .. 0 16 6 MM Frozen MeatCanterbury MM 16 0 0 Pref. 8 7 6 MM Gear 1 12 3 — N.Z. Refrig., £lpd. MM 1 18 9 10s paid MM 0 19 3 Nth. Cant’by., pref. —— 14 6 Waitaki 8 7 6 MM Gas— Chch., c.d. 16 6, _ 1 7 6 10s paid, c.d. 0 13 0 — F.A.M.E. (pref.) .. 17 6 National MM 19 0 N.Z., c.d. MM 5 7 6 South British 4 14 6 MM Standard . • MM 4 18 0 Loan and Agency— Gold. Mort. rts. .. 0 10 2 0 10 0 C.F.C.A., ord. — 18 0 Pref. 2 17 0 MM Ch.ch. Building .. — 22 5 0 Dalgety —— 11 15 0 Gold. M.. x.d., x.r. 1 11 10 1 12 0 Mutual Benefit 19 10 0 MM N.Z.F. Co-op. 0 10 0 MM First pref. MM 6 15 0 N.Z. Guar. Corpn. MM 0 5 7 N.Z L. and M., ord. MM 139 0 0 Pref MM 140 0 0 Perm. Invest. 11 15 0 — United Building .. —M 14 8 Wright, Steph. — 1 18 3 Shipping— Northern 0 10 9 MM Hud. Parker pf. .. — 1 13 3 Woollens— ' Bruce 2 9 3 2 9 9 Kaiapoi, 17s pd. .. 1 9 9 MM Mosgiel 15 10 0 MM Oamaru 1 18 0 .MM Tim aru 19 0 MM Miscellaneous— Aust. I. and S., pf. 1 17 3 MM Beath and Co. 2 9 0 MM British Tobacco .. 2 12 3 2 12 9 Broken Hill Pty. 2 11 3 2 11 9 Colonial Sugar 55 10 0 55 15 0 Dom. Bldg. 0 8 3 — Donaghv’s Rope 3 8 0 MM D.I.C., 10s paid 19 6 MM Dunlop Rubber 1 18 3 1 18 6 Dunlop, N.Z. —— 0 10 0 Pref. 0 10 10 0 11 1 Electro. Zinc, ord. 3 7 0 MM Pref. 3 7 0 MM Fletcher Hold. —. 1 18 3 Pref. MM 1 16 6 G. J. Coles MM 4 8 6 Greater Crystal MM 17 0 Jason Invest rts. MM 0 0 11 Hadfields 0 10 6 0 11 0 Matches. N.Z. —— 0 10 0 Kauri Timber 1 14 6 1 15 0 K.D.V. Boxes . .. 0 14 0 MM Mas. Struth., £1 pd. 15 0 MM 14s paid MM 0 17 6 10s paid — 0 13 5 Metters (N.Z.) —— 19 0 McKendrick Bros. 1 15 0 MM M.K. Mfrs. — 0 13 0 Macduffs 2 0 0 2 3 6 Pref. MM 19 6 McKenzies 3 8 6 N.Z. Express 0 15 0 N.Z. Forest Prod. MM 0 7 10 N.Z. News. MM 2 12 6 Procera Bread MM 0 11 6 Quill Morris (1936) 2 0 0 2 2 6 Reid Rubber 1 6 9 17 3 Nth. Roller pref. .. 17 6 —M Selfridges MM 2 5 0 Standard Cement .. — 16 0 Reid Rub., part pd. ■ 0 7 9 Taupo Totara 0 15 9 MM United Prov. —— 0 19 6 Weeks 12 15 0 MM Whit, and Tombs 8 0 0 8 10 0 Wilsons Cement .. 0 18 9 W’wths. (ord.) 14 6 14 9 (N.Z.), ord. MM 1 12 3 W. R. Cooke and Son 0 6 5 — UNLISTED STOCKS Amalg. Batt. 10 0 MM Pref. 10 0 MM Apex Ice 1 0 0 MM Ch’ch. Press 13 7 6 MM Korma Textiles pf. —— 18 8 Mt. Cook Tours .. MM 0 10 0 Reece, ord. 0 10 0 2 0 N.Z. Fisheries 0 18 0 Oamaru Ice (£1 pd.) MM 1 18 6 Reece, Ltd., E. (pf.) 0 12 9 MM Selfridges (W.A.) 0 19 6 12 6 Taramakau, 5s pd. 0 5 3 MM Williamson Jeffery 1 12 6 Whakatane Paper — 0 8 3