COMMERCIAL

Press, Volume LXXXIII, Issue 25272, 26 August 1947, Page 8

COMMERCIAL

STOCK EXCHANGES BUSINESS WELL SPREAD There was a moderate turnover on the Christchurch Stock Exchange s^sf erda Y; and business was well spread. Prices ox several stocks again eased a few points. New Zealand Breweries and Woolworths, Ltd., were sold at reduced rates. Taupiri Coal recorded a further substantial gain, with business at 80s. DOMINION TRANSACTIONS

AUCKLAND Sales.—National Savings, 29/8/49 (£300), £lO5 15s; Dominion Breweries (350), 71s; Renown Coal (150), 19s 6d; Taupiri Coal (100). 81s; South British Insurance (65), 38s 6d: North Auckland Farmers (200), 2s 3d, Bruce Woollens (100), 47s 6d; Kaiapoi Woollens (75), 29s 6d: A.C.I. (100), 575; Consolidated Brick (200), 14s; Colonial Sugar (15), £53 10s; Farmers’ Trading (300), 36s 6d; Imperial Chemical Industries A. and N.Z. pref. (100), 27s 6d: Wm. Cable, rights (300), 4s; Wool worths, Sydney* (200), 22s 9d; Mount Morgan (120). 8s 9d. WELLINGTON Sales.—Late Friday: 4 per cent. 15/6/5255 (£975). £lO4 10s; 4 p.c. 15/5/49-52 (£200), £lO2 2s 6d. Yesterday: N.Z. Refrigerating (100). £1 16s 6d; Bruce Woollens (100), £2 7s 6d; Woolworths. Ltd . (100), £1 2s 6d, and (100), £1 2s 9d; 3 per cent., 15/12/53-56 (£500). £100; 4 per cent., 1954-58 (£2200), £lO5 10s.

. DUNEDIN ' Sales.—Wright, Stephenson, nref. (100). 27s 6d; Woolworths, Ltd. (100), and (10),

OTHER EXCHANGES SYDNEY °£ th e Commercial Bank of Sydney opened on the Stock Exchange vesterday at £24 10s, or 7s above thi Commonwealth guaranteed minimum and SnE ly f t % £24 o 18s to ,he lamiftonX S ? uth Wales shares gained I“’eßa^ 1 “’ e Ba^ k S,C a„ P d nCe the an gn i o b „ oth Imw e but ßa st n eady The market was Sales.—Bank of New South Wales, £3B; Commercial Bank of Sydney £24 18s - B^nk^En 3 ”? (1 M 6d paid) - 20 ® 6d: Union nili Mercantile Mutual, 425; 80s 1 ' T ° oth s. 74s 3d; Tooheys. ™ s - Gold s brou gh, Mort. 31s 3d; Wilcox Mofflin, 18s 9d; Mount Morgan, 9s; Elec--4Q^ yt KT 6 i s 6d ’ Broke n Hill Pty., Broken Hill, 67s 3d; South Broken Hill, 33s 3d; Wellington, 4s; A.C I 575; Associated News. 19s IJd; Associated Pref.) 225; Amalgamated Textiles, 19s 3d; Bradford Cotton. 51s 9d: British Tobacco. 50s; Colonial Sugar.* £53: David Jones, 545; Felt and Textiles. 60s 9d; Lustre. 38s; Mark Foy. 445; New Zealand 7 i S * p eters (American delivery), 37s 3d; Woolworths. 22s 6d. MELBOURNE 9 ., e S . a J? s ’“ Com . rn ® ,^ ial 3a nk of Australia, Z3s, Commercial Bank of Australia (pref.), Ils: Commercial Bank of Sydney, £24 ss: National Bank (12s 6d paid). 20s 6d; Nah° r ;?L (80s „P»W>. SU 98; Goldsbrough, Mort. 31s 4d: Henry Jones, 62s 3d; X arr , a Falls - 525: Broken Hill South. 33s 9d: Mount Lyell. 28s 3d; Electrolytic Zinc. 66s 9d. MINING Associated Gold Dredges.—For the week ended August 23, the company’s dredges reC oo« e J ounces from 61,566 yards m dredging hours. Clutha Dredge.—The Clutha dredge operating at Alexandra obtained a return of 115 oz gold in 110 hourszi from 214,000 yard* for towf week**-

CHRISTCHURCH Sales on ’Change £ d. Var’n. 2J p.c., 1947-49 (£250) 99 7 S ‘ 6 Union Bank Aust. (34) 11 0 0 N.C. N.Z. Breweries (100; 100; 50; 50) W’worths (N.Z.) (100) .. 2 1 13 8 6 3 —9d —9d Sales Reported 21 p.c., 1947-49 (£500) 99 7 6 —■* 3 p.c., 1952-55 (£200) 101 0 0 — 3 p.c., Dec., 1953-56 (£400) 100 0 0 —— Wool Bonds, 1/2/48 (50) 2 3 Wool Bonds. 1/2/49 ( 60) 1 1 9 Wright. Steph, (pref.), (100) 1 7 6 —3d N.Z. Refrig. (£1 pd.) (100) Taupiri Coal (100) 1 : 4 16 0 6 0 + 6/6 Alloy Steel (L.S.F.), (100) 2 15 6 Reid N.Z. Rubber (part paid) (200; 200) 0 7 0 — 4d W’worths (Syd.l (200) .. 1 2 9 N.C. Martha (100) 0 5 10 W’lworths (N.Z.) (350) 1 8 11 -«-101d

22s 6d. QUOTATIONS Buyers £ s. d. Sellers. £ s. d Banks— Australasia 11 5 0 13 0 0 Comm. of Aust. ., 1 3 1 1 8 (Pref.) Comm, of Syd. .. E., S..' and A. 24 17 6 — 7 10 0 Nat. of A’sia, £1 1 iT 6 —— 12/6 — 1 0 0 National of N.Z. .. N.S.W. Union — 3 37 11 10 0 11 0 0 5 0 Breweries— New Zealand 2 13 3 2 13 6 Queensland 1 16 0 1 18 0 Kaitangata 1 11 3 Renown 3 19 0 4 0 3 Canterbury (Pref.) N.Z. Ref rig. (£1) 15 10 0 1 16 0 1 16 6 (10s paid) Southland, x.d. Timaru .. 0 17 10 0 18 0 — 0 14 0 F.A.M.E. (Pref.) 1 7 3 1 6 0 National — 1 ~7 9 South British 4 7 0 4 12 6 Standard 4 9 o # 4 13 0 Loan and Agency— Ch.Ch. Build. Dalfeety 10 10 0 11 5 0 Golds, Mort — 1 11 6 Invinc. Build. Nat. Mort. "A” .. 5 10 0 4 18 6 “B” 2 4 6 N.Z.F. Co-op. 0 10 3 — (First pref.) — 6 10 0 (41 Stk., ’55) 101 0 0 —~ Newton King 0 3 6 N.Z. Loan and M. (ord.) 120 0 0 United Building 4 0 Wright, Steph, pf. Shipping— — 1 8 0 Hud. Parker, pf. .. Woollens— 1 13 6 — Bruce Felt and Textiles 2 6 16 0 2 8 0 of N.Z. 2 0 2 18 0 Kaiapoi (17s pd.) Mapawatu Timaru 1 9 9 1 *9 6 Miscellaneous— Bartholomew Tim. — 1 14 0 Aust. C.I. 2 17 0 "7 18 0 Beath and Co. . 2 9 6 Is paid .4 0 0 Booth, Mac., pf. .. — 4) 14 6 Broken Hill Pty. .. 2 10 0 Bulleid — i 0 3 Cant. Roller Flour — 0 14 & Colonial Sugar — 54 0 0 Consol. Brick 0 13 7 0 13 11 Dom. Bldrs., c.d. .. 0 8 6 Donaghy’s Rope .. 3 7 0 — D.I.C., 10s paid .. 1 9 9 — •Dunlop Rub., c.d. — 18 0 Dunlop, N.Z. 0 9 6 Evans Atlas ’ 1 5 0 Fletcher Holdings 1 15 0 1 17 0 G. J. Coles .— 4 3 6 Greater Crystal .. i 3 0 ' 1 5 6 Griffin and Sons .. 2 17 6 * Matches — 0 14 0 Hadfields Hay’s, Ltd. (15s — 0 13 0 paid) 3 2 0 Henry Jones 3 1 0 Hume Pipe (Aust.) 1 5 9 I.C.I.A. N.Z. (pref.) 1 7 0 Kauri Timber Mason. Struthers 1 13 9 1 15 0 £1 paid J 3 14s paid —_ 0 16 0 10s paid — 0 13 0 Milburn Lime 17 3 Morts Dock i 3 9 Macduffs 2 3 6 2 6 o McKenzies 3 6 Natl. Electric 2 16 0 N.Z. Drug 5 12 6 N.Z. Express 0 17 N.Z.F. Fert. Pref. N.Z. News. 1 9 9 12 0 2 12 o N.Z. Paper Mills .. 2 6 0 Quill Morris (1936), Reid Rub. (pt. pd.) — 2 0 1 7 0 Taringamutu Timb. 1 Taupo Totara 0 17 8 0 18 0 Pref. ’ United Provisions 0 18 0 0 8 15 0 0 Whit, and Tombs .. g Wilcox, Mofflin, rts Wilson’s Cement .. W’worths (ord.) .. 2nd pref. c 18 4, c 18 10 2 11 7 0 (N.Z.), ord. 1 8 3 1 8 6 (W.A.) — 4 Zealandia Soap — 0 18 0 UNLISTED STOCKS Amal. Batteries Pref. Ass. Mot. Pet. (pf.) 1 1 6 — 1 0 10 6 0 — Aust. Mot. Pet. .. Avon Metal 5 0 Chch. Press 13 7 6 Mt. Cook Tours .. Mac., Caley Phoe. (15s paid) N.Z. Fisheries Reece, Ltd., E. pf. Regent Theatre .. Tingey Selfridges (con.) (W.. Aust.) Taramakau (5s pd.) 0 c 12 15 9 0 6 0 0 16 0 ( 0 6 0 3 — Whak. Paper Pref. 0 1 6 6 9 0 0 7 0