COMMERCIAL

Press, Volume LXXXIV, Issue 25450, 23 March 1948, Page 8

COMMERCIAL

STOCK EXCHANGES PRICE MOVEMENTS IRREGULAR A moderate turnover was recorded on the Christchurch Stock Exchange yesterday, and price movements were irregular. South British Insurance at 84s 6d were easier by Is- 6d, but pastorals and industrials were firmer. DOMINION TRANSACTIONS

AUCKLAND Sales.—l/10/53, 21 p.c. (£330), £3B: Mt. Eden Borough Council, 1/4/55-69, 41 p.c. (£200), £lO6 10s 10d: Mt. Hoskin Road Board, 3G/9/50, 44 p.c. (£200), £lO3 10s; Commercial Bank of Australia (200), 21s 9d, and (200) 2is lOd; N.Z. Insurance (100), 945; South British Insurance (300), 84s 6d; Devonport Ferry (910), 265; Kauri Timber (100), 33s 3d; Taupo Totara Timber (100), 20s 6d; Felt and Textiles of N.Z. (700), fils; Fletcher, rights (100), 5s 2d, (100) 5s Id, and (120), 5s 4d; Coles (50), 9s; Farmers’

Fertiliser (100), 28s 6d; N.Z. Newspapers (300), 48s; NZ. Refrigerating (1100), 375; Robinsons (100), 41s; Wool worths, Sydney (100), 235; Woolworths Properties (100), 30s 6d. Unlisted: Whakatane Paper, pref. (100), 31s 9d. WELLINGTON Sales.—2J p.c., 1949-50 (£200), £9B 15s; 3 p.c., 1961-63 (£1000), £99 12s 6d; 34 p.c., 1957-60 (£845). £lOO 17s 6d; Mt. Roskill Road Board, 44 p.c., 30/9/50 (£200), £lO3 10s; Commercial Bank of Aust. (200), 31s lOd; Kauri Timber (500), 33s 3d; Felt and Textiles, N.Z., ord. (50), 51s, and (600), two sales, 51s; Felt and Textiles, Aust., ex div. (200), two sales, 60s; A.C.I. (50) 61s; Broken Hill Pty. (100) two sales 555; Dunlop N.Z. pref. (100) 20s 6d; G. J. Coles (50) 795; Macduffs right (400 ) 3s 6d; McKenzies, odd sale (31), 65s 6d; N.Z. Express, ord. (250), 14s; N.Z. Farmers’ Fertiliser (250), 28s 6d. and -100 ) 28s 6d; Woolworths, Sydney, ex div. (600), three sales, 235. Unlisted: Skellerup, pref. (200), 235. DUNEDIN Sales.—Macduffs, ordinary (100), 12s; K.Z. Drug, rights (50), 295. Sales Reported.—N.Z. Refrigerating, 20s paid (500), 375; NJZ. Refrigerating. 10s paid (203), 17s 3d; N.Z. Newspapers (50), 48s; DJ.C., ord. (120), 735; Union Bank (25), £lO 15s; Canterbury Frozen Meat, ©rd. (100), £l5 12s 6d. INVERCARGILL Sales Reported.—2J p.c M 1949-50 (£350), £9B 15s.

OTHER EXCHANGES SYDNEY A strengthening in many shares on the Sydney Stock - Exchange yesterday followed the improvement reported in the New York and London markets. Sales.—Bank of Australasia, £ll 7s; Commercial Bank of Sydney. £24 ss; Bank of New South Wales, £37 2s 6d; National Bank (20s paid), 31s 6d; Tooths. 75s 8d; South British insurance, 90s; A.CJ., 60s; British Tobacco, 50s; Burns, Philp, 80s; Colonial Sugar, £5B 10s; Farmers, 46s 6d; Felt and Textiles, 59s 2d; Dalfietys, £ll ss; Broken Hill Pty., 555; Sforth Broken Hill. 91s 3d; South Broken Hill, 455: General Industries, 30s 4Jd; Morri? Hedstrom, 555; Wilcox Moffiin, 17s 6d: Wool worths, 22s 9d; Placer Development, £9 Bs. MELBOURNE Commercial Bank of Australia. S’,Huddart Parker, 58s; Associated ®° s 6d; Cox Bros., 8s Textiles, 59s 6d; Dunlop. S’ Herald, 745; I.C J., Australia and New Zealand, pref., 265; Kauri Timber, 225 New Broken . 385 9d: Mt - Lye ll - *1; Mt. Morgan, 12s; Oil Search, 7s 2d.

CHRISTCHURCH Sales on ’Change £ s. d. Varn. W’worths, ex div. (100) 1 2 9 — Id Sales Reported 3 p.c., May, 1953-56 (£400) 100 10 0 3 p.c., Dec., 1953-56 (£200) 100 5 0 3 p.c., 1956-59 (£500) .. 100 5 0 Chch. City, 3i, 31/3/51 (£400) 102 10 0 _* Chch. Drainage. 41 p.c.. 31/12/56 (£800) 108 0 0 __ Comm. Bank of Aust. (100) 1 1 9 N.C. Natl. Bank of A/asia. (12/6 pd.) (500) 0 19 6 -1/3 Sth. Brit. Ins. (100) 4 4 6 — 1/6 F.C.A.. B pf. (400) 1 6 3 — 6d Felt and Text, of N.Z. (100) 2 11 0 N.C. Felt and Text, of N.Z. (300) 2 11 3 +3d DI.C. (120) (odd) 1 13 0 -1/I.C.I., Aust, and N.Z., pref. (200) 1 7 0 N.C. Mason Struthers, 10s pd. w (200) 0 12 6 4-6d N.Z. Newspapers (100) 2 8 0 N.C. Sales Reported—Unlisted Acetone Illuminating and . Weld., pref. (300) .. Whak. Paper Mills (600) 1 3 0 7 0 0 N.C.

LATEST QUOTATIONS Buvers. Seilers. £ s d. £ s. d. Banks— Comm, of Aust. .. 1 1 9 12 0 National of NZ. .. 3 3 0 N.S.W. 36 15 0 *w* Union — 11 0 .0 Insurance— famu; 1 3 0 *— National — 14 6 New Zealand — 4 15 0 South British 4 4 0 4 5 0 Loan and Agency— C.F.C.A., ord. 1 5 9 <7 0 Pref. 2 14 0 w** Dalgety M J* 11 1 0 W*M 1 14 0 Invincible & Building (new) .. 1 13 9 Metrop. Building .. Natl. Mortgage (A) 16 0 0 4 18 6 F.CA. (B pref.) -■ * 16 6 N.ZJ*. Co-op. 0 11 —- First pref. 6 15 0 — j "A” pref. 4 16 0 5 0 0 1 "B” pref. 4 16 0 ww. (4j p.c. Stk., ’55) 100 15 0 W— < NX. L. and Mer., ord. 117 0 0 127 0 0 pref. 125 0 0 —. Perm. Investment 11 7 6 *W* Shipping— Huddart-Parker — 3 16 Huddart-Parker, pf. 1 13 0 P. and O. 3 2 8 w— Frozen Meat— Canterbury .. 15 (T 0 Pref. 8 0 0 —— Gear — ’ 1 14 0 N.Z. Refrig., pd. —* 1 17 9 IQs paid 0 18 0 Southland <— 3 5 0 Woollens— Felt and Textiles of N.Z 2 11 0 2 11 6. Timaru 1 7 6 w— Wellington .. 9 12 6 10 0 0 Coal— Kaitangata Pukenuro — 1 16 0 1 15 6 Renown, pref. — 0 3 3 Auckland, 5s paid 0 2 8 — Christchurch -*w 16 6 108 paid — 0 12 0 Wellington — 1 11 0 Breweries— Ballins .. •• 1 10 0 1 12 0 Dunedin 2 2 0 *W* New Zealand ■— 2 14 9 Westland — 2 3 0 Miscellaneous — Alloy Steel (NX.) 2 10 0 2 14 0 Anthony Hordern — 19 0 Aust. Iron & Steel ' (pref.) — 1 17 9 Beath and Co. — 2.11 0 Is paid MW* 10 6 Begg and Co. (new) — 1 14 0 Booth, Macdonald — 0 3 9 Brit Si' Tobacco .. — 0 14 0 2 11 0 Broken Hill Pty. ... 2 14 9 2 15 0 Bulleid — 13 3 Colonial Sugar 58 10 0 Consolidated Bride —* 0 14 0 Dam. Builders 0 9 0 0 11 o Dom. Fertiliser .. 1 6 0 17 6 D.I.C., 10s paid .. 1 12 0 1 14 3 Dunlop Rubber .. Elec. Zinc., ord. •• 1 18 9 1 19 9 3 12 0 Pref. 3 10 0 W** Dunlop, NX. Pref. 1 ~0 5 0 18 7 Fletcher Hold., rts. — 0 4 6 Hay’s, Ltd. 3 0 0 — X.CX, ANZ, pf... 1 6 9 17 0 Kauri Timber — 1 13 6 K.D.V. Boxes W— 0 13 6 Mas. Struth., £1 pd. 1 5 3 — 14s paid 0 16 — 10s paid 0 12 3. — Milburn Lime, c.d. — 1 15 0 MK., Manuf., x.d. ■— 0 13 9 Morts Dock — 19 0 Macduff s — 0 11 11 Pref. *—•' 19 0 McKenzies 3 6 0 N-Z. Drug —— 5 6 0 Rights 1 8 0 1 10 6 N.Z. Express N-Z. Forest Prod. 0 5 3 W— Pref. 0 11 0 — NX. News. W— 2 8 0 N.Z. Paper Mills .. 2 1 8 — Quill, Morris (1936) 1 17 0 W— Radio (1936) WW 0 18 0 Reid Rub., 10s pd. — 0 13 0 Selfridges — 2 6 6 Standard Cement.. —— 17 6 Taringamutu Timb. — 0 18 6 United Pro vis. Whit, and Tombs, . * 8 2 8 Wm. Cable — 1 14 3 Wilson’s Cement .. 0 16 8 W’wqrths.. ord. . .> 1 2 9 1 ~2 11 (NX.), ord. 1 6 7 (WA), x.d. —w 4 2 6 W. R. Cooke and Son — 0 8 6 UNLISTED STOCK Buyers. Sellers. £ s. i. £ s. d. Aust. Invest. Trust 0 18 0 -Avon Metal —W. 16 0 Christchurch Press — 13 15 0 N.Z. Fisheries *W* 0 18 3 Scales “C” (pref.) 0 5 0 0 6 3 j Skellerup Indus., pf. 1 2 9 13 0 Self ridges, con. — 0 17 0 Waikari Lime, 17/6 paid 1 12 0 Whaka. Paper 0 6 9 0 7 3