COMMERCIAL

Press, Volume LXXXIII, Issue 25329, 31 October 1947, Page 8

COMMERCIAL

STOCK EXCHANGES MODERATE TURNOVER There was a moderate turnover on the Christchurch Stock Exchange yesterday, and prices of most stocks reveale,, ,® n upward tendency. New Zealand Breweries, New Zealand Refrigerating, and G. J. Coles changed hands at firmer rates. and buyers of Beaths and D.I.C. advanced their bids. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—ls/4/50-51; 2J p.c (.£350) £9B 15s; 15/4/60-63, 3 p.c. (£460), £99 10s, 15/11/57-60, 3 p.c. (£230), £lOO 15s. 16/6/52-55, 4 p.c. (£500). £105; Dominion Breweries (300), 735; N.Z. Breweries (250), 58s; Pukemiro Coal (300), 365; Auckland Gas (162), 8s; N.Z. Insurance (325), £5 is: Wright Stephenson, (38). 395; United Building, Auckland (277), 2s 9d; B.H. Pty. (200), 535; Colonial Sugar (5), £5B 10s, Fletcher Holdings (650), 38s• Coles (200), 82s; Forest Products (130),- 6s lOd, (500) 6s lid, and pref, shares (400) 12s 3d; Sharland, pref. (90), 595; Wilson’s Cement (400), 18s 71d, and (1000). 18s 9d; Woolworths, lI.Z. (300)’, 31s; Martha (200), 5s 9d; Mt. Morgan (380), 10s; Placer (50), £8 17s 6d. Unlisted: Korma, pref. (300), 28s 9d WELLINGTON Sales.—Late Wednesday: Bank of New South Wales, cum div. (8), £37 15s; N.Z. Breweries (50), 58s; Felt and Textiles, Aust. (50), 60s 6d; Broken Hill Pty,, cum div. (200), 53s 3d, and (200) 535; Sharland and Co., pref., ex div. (200), 595. .Yesterday: 21 p.c., 15/6/47-49 (£500) £lOO 2s 6d; 3 p.c., 1/8/51-54, 2 sales (£1800), £lOO ss; 3 p.c., 15/12/53-56 (£1000), £lOO 15s: 3 p.c., 15/5/53-56 (£200), £lOO 17s 6d: 3 p.c., 152/2/55-58 (£500). £100; 3 p.c., 15/4/5659 (£200), £99 10s; Goldsbrough, Mort (500), 36s 3d; Mt. Morgan (440), 10s sd. DUNEDIN Sales.—N.Z. Breweries (100) 58s 3d; Kaitangata Coal (100), 36s 6d. and (110) 36s 6d; Mt. Morgan (200), 10s 6d. Sales Reported.—Fletcher Holdings (550). 38s; Booth, Macdonald, pref. (200), 13s 9d; Kaiapoi Woollen, ord. (300), 27s 3d; 2J p.c., 1953 (£2500), £97; N.Z. Refrigerating, con. (200), 20s; Kaiapoi Woollen (100), 27s 3d; Booth, Macdonald, pref. (100). 13s 9d.

OTHER EXCHANGES SYDNEY Trading contracted sharply on the Svdney Stock Exchange yesterday. For the moment the market seems to have reached its top. The morning turnover was the smallest recorded for many months and the afternoon showed little improvement. Sales.—Bank of New South Wales, £3B 15s; Commercial Bank of Sydney, £24 15s; United Insurance, £l5 3s; Howard Smith, 25s 3d; Huddart Parker, 58s; Tooths, 79s 9d; Goldsbrough, Mort, 375; Wilcox, Mofflin, 18s 6d; Mount Morgan, 10s 9d; Mount Lyell, 30s IJd; Zinc Corporation, old issue, £7 2s 9d; Broken Hill Pty., 53s 9d; North Broken Hill. 795; South Broken Hill, 445; A.G.1., 66s 6d; Australian Iron and Steel, pref., 38s; Australian Paper, 39s 6d; Colonial Sugar, £59; Claude Neon. 36s 6d; David Jones. 57s 9d; Felt and Textiles, 60s 3d; Woolworths, 24s 3d. MELBOURNE Sales.—E„ S., and A. Bank, £6 19s; Carlton Brewery, 80s 3d; Bradford Cotton, 53s 6d; Dunlop, 40s; Felt and Textiles, 60s; G. J. Coles. 82s 3d; Gordon and Gotch. 965; Yarra Falls, 61s; Australian Iron and Steel. 38s 9d; North Broken Hill. 80s; Zinc Corporation, 20s. “ BRITISH RED TAPE ” AN AUSTRALIAN’S COMPLAINT Britain had no hope of recovery under a Socialistic Government, Mr G. J. Coles, chairman of directors of G. J. Coles and Company, Ltd., Melbourne, chain stores, declared on his return after six months in Europe and America. “Britain’s people are listless and apathetic, always filling in forms and generally living under a ‘mass of red tape, he said. “Some big change has just got to happen before the people can reallv start to recover.” Mr Coles said that moving from England to the United States was “like coming from a cage to open country.” “Everything in the United States is so free,” he said, "and business Is brisk and unrestricted. Although prices are high, the average American working man buys more with his money than any other working man in the world.”

Sales on ’Change £ s. d Variation. N.Z. Refrig.. 10s pd. (1Q0) 1 0 0 N*C Chch. Gas (300) 1 6 Q Booth, pf. (200) 0 13 9 N.C. Sales Reported--Listed Si £ .c., y 1953-57 (£1185), 102 12 6 — 4 p.C.,' 1952-55 "(£1190), L.S.Y. 104 17 6 — N.Z. Breweries (100) 2 18 3 + 3d Booth, Mac., pf. (200) 0 13 9 N.C. Booth, Mac., pf. (100) 0 13 9 N.C. B.H.P., cum div. (100) .. 2 13 3 N.C. G. J. Coles (50) 4 2 0 + 3d W. R. Carpenter (100), L.S.Y. 2 a Mount Morgan (200) 0 10 9 — Id

LATEST QUOTATIONS Buyers. £ s. d. Sellers £ s. d Comm, of Aust. .. 1 1 9 — Comm, of Sydney —— 25 0 0 E., S., and A. 6 10 0 7 0 0 Natl, of A’asia (12s 6d), c.d.. — 1 2 0 Natl, of N.Z. 3 5 6 ■ New South Wales 37 17 6 — Breweries— Ballins 1 16 9 —— Dominion 3 12 6 — New Zealand 2 18 0 — Swan —— 2 2 6 Coal— Kaitangata — 1 18 0 Frozen Meat— Canterbury 15 15 0 — Cantby. (pref.) 8 2 6 —• N.Z. Refrig. (£1 paid) 1 18 9 2 0 0 N.Z. Refrig. (10s paid) 1 0 0 1 0 2 Nth. Canty, (pf.) .. 1 3 3 —- Southland 3 4 0 — GasAuckland 0 7 10 — Christchurch 1 6 0 1 6 6 (10s paid) — 0 13 0 Insurance— F.A.M.E. — 1 5 3 (Pref.) — 7 6 South British 4 11 0 4 11 6 Standard — 4 11 0 Loan and Agency— C.F.C.A., ord. _— 1 7 3 Chch. Bld*., c.d. .. 21 10 0 — Dalgety 10 17 6 —- Goldsbrough, Mort. 1 16 0 — Invinc. Bldg. 5 7 6 Mutual Benefit 19 5 0 — Nat. Mort., “B” .. 2 6 9 — N.Z.F. Co-op. — 0 11 M 1st pref. *’A ,r Pref. 4 11 0 7 10 0 “B” Pref. 4 11 0 — 4j p.c. Stk., ’50 .. 102 0 0 — 4J ’55 .. 102 0 0 —• N.Z. Guam. Corp. — 0 5 6 N.Z. L. and Mer. (ord.) 118 0 0 —K Perm. Invest. ' 11 10 0 — Shipping— Hnddart Parker .. —— 2 19 0 Woollens— 9 r uce 2 7 0 — Kaiapoi (17s paid) Miscellaneous— 1 7 0 — Alloy Steel (N.Z.) — 2 16 0 Andersons, pf., c.d. 14 0 — Bartholomew Tim. 12 0 1 13 6 Aust. C.I.. c.d. 3 5 0 — Beath and Co. 2 10 0 — Booth, Mac., pref. 0 13 8 0 13 9 British Tobacco .. 2 10 0 2 11 0 Brok. Hill Pty., c.d. 2 13 6 — Chas. Begg, rts. .. — Q 12 3 Canty. Roller Flour 0 14 6 Cribb and Foote .. 0 19 0 — Colonial Sugar, c.d. 58 5 0. — D.I.C., 10S paid 1 12 0 Dunlop Rubber ■ 19 6 2 0 0 Dunlop, N.Z., pref. 0 15 11 0 16 2 Electro. Zinc, ord. 3 13 0 Evans Atlas i 6 0 — Fletcher Holdings 1 17 9 1 18 6 Frozen Products .. 1 0 0 Genera] Industries —. i 12 0 G. J. Coles 4 1 9 4 2 6 Hadfields, c.d. — 0 17 0 Hay’s, Ltd. (N.F.P.) __ 3 11 0 Henry Jones 3 5 0 — Kauri Timber 1 15 0 — l .D.V. Boxes — 0 13 11 Macky Logan, x.d. 2 3 0 — Matches (N.Z.) __ 0 18 0 Metters (N.Z.) 1 6 0 McKendrick Bros. i 14 0 — Morris Hedstrom .. 2 16 0 — Morts Dock • 1 6 6 2 6 9 Macduffs • ._ 2 16 0 Macduffs (pref.) .. 1 8 10 McKenzies — 3 8 0 National Electric .. 2 15 9 N.Z. Drug 5 12 6 N.Z. Forest Prod. .. — 0 7 1 N.Z. Newspapers .. 2 7 3 N.Z. Paper Mills .. 2 4 0 2 7 0 North. Roller . 11 1 — Niven and Co. 1 18 0 __ Quill Morris (1936) 2 0 0 Reid Rubber 7 6 (part paid. 0 10 6 0 11 0 Selfridges 2 7 6 2 10 0 Taringamutu Timb. 0 0 Taupo Totara 0 17 6 Turnbull and J. .. 1 11 6 Whit, and Tombs 7 17 6 8 6 0 W’worths., ord. 1 q 3 1 6 N.Z.. ord., c.d. .. 11 0 W. R. Carpenter .. 2 4 0 Zealandia Soap 0 16 9 — UNLISTED STOCKS Amalg. Batteries .. Pref 1 1 0 6 6 — Aust. Mpt. Petrol .. 0 17 0 0 17 9 Christchurch Press 13 10 0 Marathon Rubber 1 6 1 , Prudential Building 1 1 6 N.Z. Fisheries 0 18 3 Reece, Ltd., E., ord. 0 1 3 0 6 Regent Theatre 1 0 0 Tudor Hosiery. .. ■ i 0 (pref.) .. 1 1 6 - Taramakau (5s pd.) 0 8 0 8 3 Waikari Lime (17s 6d pd.). x.d. Whak. Paper 1 0 8 7 0 11 0 8 1