COMMERCIAL

Press, Volume LXXXIV, Issue 25447, 19 March 1948, Page 10

COMMERCIAL

STOCK EXCHANGES MARKETS MORE ACTIVE Markets were more active on the Christchurch Stock Exchange yesterday, with the bulk of the dealings in Government securities. A brighter tone prevailed and prices generally were firm to firmer. DOMINION TRANSACTIONS

(100) .. .. 1 8 9 —2/3 AUCKLAND Sales.—ls/6/47-49, 2J per cent. (£1200), £99 10s; 15/4/50-51, 2J per cent. (£2000), £99 2s 6d; 15/9/52-55, 3 per cent. (£560), £99 10s; 15/11/57-60, 3 per cent. (£1315), £lOO 2s6d; 15/6/52-55, 4 per cent. (£300), £lO3 17s 6d; Union Bank (305), £lO 15s; Devonport Ferry (200), 26s 6d; Northern Steam (200), 8s 9d; Taupo Totara Timber (100). 20s 6d; Broken Hill Pty. (100), 54s 6d; Donaghy’s Rope, new fully-paids (250), 555; N.Z. Drug, rights (100), 30s; N.Z. Newspapers (150), 48s; Coles (100), 795; Woolworths, N.Z., pref. (183), 425; Woolworths, Sydney, cum dividend (300), 235; Broken Hill South (100), 445, and (100) 445. 3d. Unlisted: Hangitiki Lime (250), 9s; Skellerup, preference (150), 235; Tip Top. pref. (700), 235.

WELLINGTON Sales.—2j per cent., 1949-50 (£500), £9B 15s; N.Z. Refrigerating, con. (200), 17s 7d; Consolidated Finance, rights (37), 2s Id; North Auckland Farmers, “B” pref. (200). 16s; W.F.C.A., pref. (300), 20s 9d; Felt and Textiles, N.Z., pref., cum dividend (10), 26s 6a; Claude Neon, N.Z. (150), 475; Donaghy’s Rope (500), 565; Dunlop, N.Z., Ltd. (100), 18s 7d; G. J. Coles (100, 2 sales),. 695; Kempthorne, Prosser, N.Z. Drug, rights (69), 30s; Woolworths, Sydney, cum dividend (100), 23s 3d; Woolworths, N.Z., cum rights (250, 2 sales), 23s 3d. Unlisted: Ross and Glendining (100), 42s 3d. DUNEDIN Sales.—Mount Lyell (100). 31s; N.Z. Drug, rights (33), 29s 6d. . Sales Reported.—Union Bank, late sale (100), £lO 15s; Dunlop, N.Z., ord. (225), 18s 9d, 2J per cent., 1950-51 (£2000), £99 2s 6d; Bank oi Australasia (25, 57, 2 sales), £ll Is 3d; Dalgetys (100), £ll Is 6d; Dominion Fertiliser (100), 275.

OTHER EXCHANGES SYDNEY Yesterday’s sharemarket at Sydney displayed a subdued tone, following President Truman’s request" for temporary conscription in the United States. Business was light, with prices a shade weaker. Sales.—Tooths, 75s 6d; Tooheys, 36s 3d; •Associated News, 17s 6d, and preference 21s 8d; A.C.1., 60s 9d; Broken Hill Proprietary, 55s 6d; North Broken Hill, 395; Claude Neon, 36s 10id; David Jones, 55s 6d. Drug Houses, 335; Electro. Zinc, 69s 9d; Felt and Textiles, 60s; Howard Smith, 24s 6d; Hume Pipe, 255; General Industries, 30s; Selfridges. 455; Wilcox. Mofflin, 17s 6d; Mount Lyell, 31s; Placer Development. £9 7s; Kuala Kampar, 29s 3d; Oil Search, 6s lid. MELBOURNE Sales.—-Commercial Bank of Australia, 21s lid; National Bank (12s 6d paid), 20s; National (20s paid), 31s 9d; Associated Pulp, 34s 6d; A.C.1., 60s 6d; Australian Foundation, 6s 3d; Broken HilV Proprietary, 555; Cox Bros., 8s 6d; Dunlop, 38s lid; Electro. Zinc (ord. and pref.), 70s: Gordon and Gotch, 925; Hume Pipe, 25s 6d; Myer, 47s 6d; New Zealand Forest, 5s 6d, Yarra Falls, 60s 3d; Broken Hill South, 445; New Broken Hill, 47s 3d: North Broken Hill, 88s 6d; Mount Isa, 39s 3d; Mount Morgan, Ils lOd. french Franc Exchange.—The Bank of New South Wales has advised that its telegraphic transfer buying rate for the French franc is now 702.72 francs to £N.Z. The telegraphic selling rate is 686.40.

CHRISTCHURCH Sales on ’Change £ s. d. Var’n. 2Y2 p.C. 1948-50 (£300) .. 98 15 0 MW 2j p.c. 1949-51 (£400) .. 99 2 6 MW 3 p.c. 1960-63 (£1000; £1000) (£305) .. 100 5 0 Aw BJLP. (100) .. 2 15 0 4-9d B.H.P. (100; 50) ..2 15 3 H-l/-Dunlop N.Z. (pref.) (210) (odd) .. 10 5 Sales on 'Change: Unlisted Skellerup Industries (pref.) (100; 100) .. 13 0 —5d Sales Reported 2J p.c. 1947-49 (£250) .. 99 7 6 w 2& p.c. 1949-50 (£200) .. 98 15 0 MW 3 p.c. 1952-55 (£800) .. 99 10 0 MW 3 p.c. 1957-60 (£400) ..100 2 6 3 p.c. 1960-63 (£1000; £1180) .. .. 100 5 0 Dalgety and Co. (100) .. 11 0 0 -10/B.H.P. (100; 49) .. 2 15 0 + 9d Col. Sugar (10) (L.S.Y.) 58 17 6 +5/Macduffs (5s, ex rts.) (200) .. .. 0 12 0 WM N.Z. Farm. Fertiliser

LATEST QUOTATIONS Sellers. £ s. d. tsuyers. £ s. d. Australasia 10 15 0 11 5 0 Comm, of Aust. .. 118 1 1 11 Pref. 10 17 6 — Comm of Sydney 24 0. 0 — E., S., and A. 6 12 6 — Nat. of A’asia, £1 1 11 6 12s 6d — 10 6 Natl, of N.Z. 3 3 6 3 6 6 New South Wales 36 15 0 Union 10 14 0 11 0 0 Breweries— Ballins 1 10 0 1 12 6 Dunedin 2 2 0 New Zealand — 2 14 9 Coal— Renown Coal, pref. —. 0 3 3 Kaitangata — 1 16 0 Taupiri — 4 5 0 Pukemiro — 1 15 6 Frozen Meat— Canterbury (pref.) 8 0 ( — 1 14 6 N.Z. Refrig. (£1 paid) — 1 17 9 10s paid Southland 3 4 0 0 18 0 3 4 f 6 Auckland, 5s paid 0 2 6 Christchurch 16 9 (10s paid) 0 12 3 Wellington 1 11 0 Insurance— F.A.M.E. 13 0 14 6 Pref. .. — 17 3 National — 14 3 New Zealand 4 15 0 South British — 4 5 0 Standard —— 4 5 0 Loan and Agency— U.F.C.A., pref. .. 2 17 6 Dalgety 10 17 6 — Goldsbrough, Mort 1 13 3 1 14 3 N.Z.F. Co-op. 0 118 1st pref. 6 15 0 — "A ’ pref. 4 16 0 5 0 0 “B” pref. 4 16 0 4j p.c. Stk., 1955 100 15 0 — C.F.CA. (pref.1 ... N.Z.E. afid MW. 16 9 (ord.) . 1 122 0 0 Perm. Invest. n 5 o —- Shipping— Huddart Parker .. — 3 1 O' Pref. — 1 13 0 Woollens— Felt and Textiles, of N.Z., pref. (cum. div.) 2 10 6 2 12 0 Kaiapoi (17s paid) 16 0 16 6 Pref. 16 0 — _ - Wellington — 10 0 0 Miscellaneous—

Alloy Steel (N.Z.) 2 10 0 2 14 0 Begg and Co. (new) __ 1 -14 0 fleath and Co. . — 2 11 0 Is paid, ex div. . —m 10 6 Booth, Mac. —M 0 3 9 Pref. -M 0 14 0 Broken Hill Pty. 2 15 3 ww— Cant. Roller Flour 0 16 0 MW Claude Neon, N.Z. 2 9 0 Colonial Sugar 58 10 0 59 0 0 Consolin. Bnck .. r — 0 14 0 Dom. Fertiliser —— 18 0 Donaghy’s Rope .. —» 2 17 6 D.I.C. (10s paid) 1 12 0 1 14. 3 Dunlop Rubber •.. 1 19 6 Dunlop, N.Z. Pre£ 0 18 4 10 5 0 18 7 Electro. Zinc, pref. 3 10 0 — Fanners’ Trading 1 17 6 Fletcher Holdings —— 1 16 0 Hallenstein Bros. —— 1 15 0 Greater Crystal WM 16 0 Hay’s, Ltd. 3 0 0 —— Hume Pipe (Aust.) 14 3 MW Mas. Struthers, 14s paid 0. 16 3 10s paid 0 12 0 0 13 0 Milburn Lime, c.d. 1 15 3 M.K. Manufac., c.d. www 0 14 0 Morts Dock —m 19 3 Macduffs, 5s ex. rts 0 11 6 0 13 0 Pref. mw 19 0 National Electric ■ 2 15 0 N.Z. Drug, x.d. .. —- 5 7 6 N.Z. Express Mw 0 14 6 N.Z.F. Fertiliser .. 18 3 19 0 N.Z. Forest Products 0 5 2 WM Pref. 0 11 0 WWW N.Z Newspapers 2 7 0 2 8 0 Quill, Morris (1936) 1 17 0 — Reid Rubber (10s paid) WM 0 13 0 Selfridges WM 2 7 3 Standard Cement — 17 6 Taupo Total's 10 0 —— Turnbull and Jones 1 10 0 1 15 0 United Provi. — 0 19 3 Whit, and Tombs 8 2 6 W— Wm. Cable MW 1 14 6 Wilsons Cement .. MW 0 17 0 W’worths., ord. .. 12 6 13 0 N.Z., ord. WM 17 6 (W.A.) MW 4 5 0 W. R. Cooke and Son WW 0 8 6 Zeplandi a Soap .. 0 19 6 0 19 0 UNLISTED Buyers. Sellers. £ s d. ’£ i s. d. Aust. Mot. Petrol 15 1 16 0 Avon Metal WM 16 0 Pref. 1 4 0 Ch’ch. Press 13 5 0 13 7 6 Reece, Ltd., E., ord. 0 10 WM Pref. 0 11 0 M— Scales “C” (pref.) 0 5 0 0 6 3 Skellerup Industries, pref. 13 0 13 1 Self ridges, cont. .. 0 15 0 0 17 0 Victoria Mansions 12 6 — Waikari Lime ww 1 12 6 Whakatane Paper — 0 7 3