COMMERCIAL

Press, Volume LXXXIV, Issue 25445, 17 March 1948, Page 7

COMMERCIAL

STOCK EXCHANGES MARKETS QUIET Markets continued quiet on the Christchurch? Stock Exchange yesterday. Prices of several stocks continued their downward trend, but Australian chain stores and industrials were firm at late rates. DOMINION TRANSACTIONS CHRISTCHURCH Sales on 'Change £ s; A. Varin. B.HJP. (100) .. .. nj 3 Dunlop, Ltd., ord. (100) 013 6 —3d Taupo Totara (100) .. lOS +Sd Sales Reported Colonial Sugar "(10) .. 58 12 6 —7/S

AUCKLAND Sale*—ls/4/50-OL 21 per cent. (£500),. £OO 2s 6d; 1/10/53, 2J per cent (£650). £08: 15/2/55-53, 3 per cent (£2200), £OO 12s 6d: 15/4/58-59, 3 per cent (4000). £lOO ss: 15/11/37-60, 3 per cent. (£300). £lOO "3s 6d; Auckland Hospital Board 1/6/51, 4J per cent (£500), £103; tE., S., and A. Bank (50), £6 156; South British Insurance (50), S4s 6d; Dunlop N.Z. (400), 13s 9d; Burns Philp (168), 78s 6d; Drug Houses. Australia (500), 38s 0d; Farmers Trading (250), 37s 3d; Milne and Choyce, ord. (100), 50s. and debenture issue (920), 40s; NIZ. Drug, rts. (31), 3M; Wilton's Cement (100), 17s; Woolworths, Sydney (200), 22s 6d; North Broken Hill (200), 83s; Reid Rubber (SOO), 255, and con., Tobacco (100), 38.; Sellridgee (W.A.) (100). 20s; Up Top pf. (300), 23s 6d.

Sales.—3 per cent 12/53-58 (£250). £lOO 2s 6d; 3 per cent., 1955-58 (£3000). £99 12s 6d; 3 per cent. 1962-64, 3 sales (£1600), £99 10s; Donaghy's Rope (200). 565; K PN.Z Drug, rights (39). 31s; Sellridges Australasia, (100), 455; Wilson's Cement (100), 17s; Woolworths. NZ„ 27s 9d. The sale ol £2OO 21 per cent. 1947-49 Stock was incorrectly reported on Tuesday. The sale was £2OO 2J per cent. 1940-50 at £9B DUNEDIN Sales?—Wool worths, N.Z. (100), 27s 6d; Woolworths, Sydney (100, 100), 22s Bd. Sales Reported.—2i per cent., 1953 (£1000), £9B; 3 per cent., 1952-55 (£2900), £J9 10s; 3 per cent. Dec., 1953-56 (£500), £lOO ss; 3 per cent., 1956-59, (£1500). £lOO ss; Woolworths, Sydney (300), 22s 9d.

OTHER EXCHANGES SYDNEY

Brighter prospects of a strike settlement in Queensland heartened trading on the Sydney Stock Exchange yesterday. Market leaders led a generally stronger movement and price rises exceeded falls. Sales.—Bank of Australasia. £ll 7s; Commercial Bank of Sydney, £24 ss; Bank of New South Wales, £37; Tooths, 755; Associated News., pref., 21s 6d; A.C.L, 60s 6d; British Tobacco, 50s 3d; Broken Hill Frop., 545; North Bfroken Hill, 84s 3d; South Broken Hill, 43s 6d; Burns, Philp, 7Ps 6d: Colonial Sugar, £5B 7s 6d; Dunlop, 38s; Electro-. Zinc, 69s 3d; Felt and Textiles, 595; Howard Smith, 255; Kandos, 45s Bd; Hadfields, 12s; New Zealand Forest, 5s 9d; Peters, 38s; Selfridges, 465; David Jones, 55s 6d; General Industries, 30s lid; Mount Lyell, 30s 3d; Oil Search, 7s 3d; MoUnt Isa, 38s 9dj

DUNEDIN RABBITSKINS SALE “The Press’* Special Service DUNEDIN, March 16. At to-day’s rabbitskin sale, onjy about 26J tons were offered. These were mostly racks, summers, runherft, and btokeii skins. Competition was father restricted and the demand only fair. Sutamers and broken grades were slightly firmer compared v/ith values ruling a fortnight ago, whilst other grades were inclined to be slightly easier. Included in the offering were a few small parcels of dawny, autumn skins. Range of prices: summers, 37Jd to 40Jd per Tb; milky does, 32d to 35fd, third broken 32.Jd to 412 d, runners 65d to 94Jd, light racks 71Jd to 99jd, prime racks 71d to 92d, dawny autumns 87}d to 91d; runners, bloodstained, 65id; blacks 51Jd to 65d, fawn 65Jd to 67d: racks, bloodstained, 76d to 79Jd; hareskins (good), 54d. First stoats, 9s lOd to 10s each; second stoats, 2s. lid to 4s each. Ferret skins: is each. Red deerskins, 2s lid per lb. Goat skins, Is lid pet Ibk Th? next sale will be held on Tuesday, April 6. MELBOURNE Sales.—Commercial Bank off Australia (pref.), £11; National Bank (12s 6d paid), 20s 3d; National Bank (20s paid), 31s fid; Associated Pulp, 18s 3d; A.CI, 80s 9d; British Tobacco, 49s 9d; Electro. Zinc (pref.), 70s; Hume Pipe, 255; Ney? Broken Hill, 48s: North Broken Hill, 87s; Mount Lyell, 30s 8d; Emperor, IBS; Mdunt Morgan, 12s: Wellington Alluvials, 4s 9d; Oil Search,, 7&> , _ i

LATEST QUOTATIONS Buyers. £ s. d. Sellers. £ s. d. BanksAustralasia — 11 5 0 Comm. of. Aust. .. 1 1 8 WM Pref. 10 17 6 WM - Comm, of Sydney 24 0 0 w—E., S.; and A. 111.6 17 6 Nat. of A’aSia, £1 1 11 6 - WM 12s 6d 1 0 2 1 0 7 Nat. of N.Z. ww 3 7 0 New South Wales 86 15 0 WM Union ■- •• Breweries— 10 10 0 11 0 0 Bailing M ■IO 1 12 6 Dominion • • WM 3 3 0 Dunedin .• 2 1 6 ww New Zealand ■>. Coal- — 2 14 Q Renown Coal. pre. —» 0 3 3 Kaitangata WWW 0 Taupiri .. WW. 4 5 0 Pukemiro .. Frozen Meat?— — 1 15 9 N.Z. Refrig. (£1 paid) WM 1 18 6 10s paid 0 17 0 0 17 11 Southland Gas3 4 3 3 5 0 Auckland. 5s paid 0 2 8 ww. Christchurch .. WWW 1 6 9 (10s paid) WM 0 12 3 Wellington •. Insurance— — 1 11 0 F.A.M.E. 1 3 0 ww Pref. WM 1 8 0 National MW 1 6 0 New Zealand — — 4 16 0 South British . — 4 5 9 Standard Loen aiid Agency— — 4 5 0 C.F.C.A., pref. .. 2 10 0 WM Dalgety — 11 7 8 Golds.. Mort .. mm 1 15 0 N.Z.F. Co-op. 0 11 Y 0 12 0 "A” pref. 4 16 0 101 10 0 4J p.c. Stk., 1950 WWW 0 ' 4| p.c. Stk., 1955 100 15 0 Ww F.C.A. (B pref.) .. wm 1 6 9 Perm. Invest. ». 11 5 0 WM Wright, Steph. Shipping— HUddart Parker, pf. 1 12 5 1 18 1 13 0 0 Woollens— Felt and Textiles, N.Z., pref. c.d. .. 2 10 0 2 13 0 Felt and Textiles Felt and Textiles — 3 3 2 13 0 of N.Z., pf., c.d. 2 10 0 0 KaiapOi (17s paid) 1 6 0 Wm Pref. 1 6 0 wm MiscellaneousAlloy Steel (N.Z.) Begg and Co. 2 9 9 2 14 1 14 0 (new) 0 Beath and CO., X.d. *— 2 12 0 Is paid, x.d. —m 1 1 0 Booth, Mac. *WW O 3 8 Pref. MW 0 14 0 Brit. Tobacco WM 2 11 0 Broken Bill Pty. 2 14 0 2 14 6 Bulleid WM 1 3 3 Canty. Roller Flour 0 15 0 «ww Colonial Sugar 58 5 0 58 17 6 Consolid. Brick W_ 0 14 0 Dongahy’s Rope .. D.I.C. (10s paid) .. 2 15 6 WW 1 12 g 1 14 0 Dunlop Rub., N.Z. WM 0 13 9 Pref. WM 0 15 6 Farmers’ Trading .. Fletcher Holdings, 1 17 6 x.r. ,, Mw 1 16 0 Hallenstein Bros. .. WM 1 15 0 G. Coles wM 3 19 0 Greater Crystal ww. 1 6 0 Hadfields .« — 0 14 IT Hay’s, Ltd. 3 0 0 MW Howard Smith WM 1 5 6 Hume Pipe- (Aust.) I.C.I., A.N.Z., pref. — 1 5 0 1 6 9 1 7 6 Kauri Timber MW 1 14 0 K.D.V. Boxes Mason, Struthers, £1' — 0 13 6 paid 1 5 3 ww Morts Dock . .. WWW 1 9 3 Macduffs 2 9 0 2 13 0 Pref. wm 1 9 0 McKenzies WM 3 8 0 National Electric .. WM 2 18 0 N.Z. Drug, rts. .. WM 1 11 3 N.Z. Express WM 0 14 6 N.Z. Fertiliser N.Z. Forest Pro- — 1 9 0 ducts 0 5 0 0 5 8 Pref. 0 11 4 WM N.Z. Newspapers — 2 9 0 Procera Bread — 0 9 6 Radio (1936) 0 16 0 0 18 0 Reid Rub., 10s pd. — 0 13 5 Selfridges ■ IW 2 7 6 Standard Cement — 1 7 6 Tarlngamutu Timb. mW 0 19 0 Taupo Totara 1 0 3 WM United Provi. — 0 19 3 Whit, and Tombs 8 2 6 WM Wm. Cable —w 1 14 9 Wilsons Cement *. WWW 0 17 0 W’worths., ord. .1 1 2 10 1 3 0 (N.Z.), ord., c.r. w— 1 8 4 (W.A.) W. R. Cooke and WM 4 7 6 Son — 0 3 6 Zealandia Soap .. 0 17 0 0 19 0 UNLISTED Buyers Sellers. £ d. £ S d. Avon Metal 1 6 0 Pref. Beath and Co.. (Is __ 1 4 0 pd., 19s on dep.) Ww 2 1 0 Scales "C” (pref.) 0 5 0 0 6 6 Skellerup Ind., pf. 1 3 5 Selfridges, con. WM 0 16 9 Waikari Lime — 1 12 6