COMMERCIAL

Press, Volume LXXXIV, Issue 25517, 10 June 1948, Page 7

COMMERCIAL

4 STOCK EXCHANGES

MARKETS MORE ACTIVE Markets were more active on the Christchurch Stock Exchange yesterday, and prices generally were in sellers' favour. Dunlop New Zealand were fractionally weaker at 22s 3d, and Hay's, Ltd., made a further rise of Is to sell at 655.

AUCKLAND Sales.—l/10/53, 2J per cent. (£7140), £9B 12s 6d; 15/11/57-60, 3 per cent. (£1065), £99 12s 6d; 15/1/53-57, 3J per cent. (£375), £lO3 2s 6d; 31/5/54-58, 4 per cent. (£420), £lO5 2s 6d; National Savings Bonds, 4/10/48 (£115), £lOB ss; Bank of N.S.W. (17), £39 ss; South British Insurance (100), 87s 9d; Felt and Textiles, N.Z. (500), 545, and pref. (80), 25s 9d; Timaru, rights (100), 4s; A.C.I. (100), 645; Broken Hill Pty. (100), 595; Claude Neon, N.Z. (50), 455; Farmers’ Trading, ex div. (100), 37s 9d; N.Z. Forest (611), 5s BJd; Radio, 1936 (100), 17s; Reid Rubber (500), 25s 6d; Martha (1000), 5s 6d; Mt. Isa (50), 43s 9d. Unlisted; Rpss and Glendining (50), 50s; •Whakatane “Board, ord. (200), 17s 9d.

WELLINGTON Sales.—Yesterday: 2J per cent., 1/10/53 (£130), £9B 12s 6d; 3 per cent., 1951-54 (£225), £IOQ 15s; 3 per cent., 1956-59 (£400), 2 sales. £100; 3J per cent., 195760 (£515), £lO2 2s 6d; E., S., and A. Bank (25), £6 15s, and (50), £6 15s 3d; South British Insurance (50), 88s; N.Z. Guarantee, 2 sales (700), 5s 4d; NtZ. Fanners’ Co-op. (300), 13s: Felt and Textiles of New Zealand (200), 53s 6d and (400) 545; Dunlop N.Z., pref. (200), 21s 9d; Hay’s, Ltd. (100), 655; Woolworths, N.Z., rts., 2 sales (500), 10s 3d, (41), 2 sales, 10s 3d, and (12), 10s 2d. Unlisted: Ross and Glendining, 2 sales (100), 50s.

DUNEDIN Sales Reported.—Union Steam Ship, pref. (200), 335; Claude Neon (50), 455; Macduffs, ord. (200), 13s 3d; Dunlop N.Z., ord. (250), 22s 4d.

INVERCARGILL Sales Reported.—l9s3-56 (£400), £lol' ss; 1956-59, 3 per cent. (£900), £lOO. LATEST QUOTATIONS

OTHER EXCHANGES SYDNEY A tendency for industrial share prices to ease in contracted business occurred on the Sydney Stock Exchange yesterday, but base metal shares advanced. Sales.—National Bank (12s 6d paid), 20s 3d and (20s paid), 32s 3d; Bank of New South Wales, £39 10s; Commercial Bank of ss; Tooths, 78s 9d; Tooheys, 38s 4Jd; Associated News., 18s IOJd, and pref., 22s 3d; Broken Hill Pty., 59s 9d; Claude Neon, 38s; Colonial Sugar, £6O- - Felt and Textiles, 61s 6d; Drug Houses, 41s; Howard Smith, 26s 6d; Stedman, 28s; Wilcox, Mofflin, 21s; Woolworths, 245; A.C.1., 64s 6d; Sargents, 25s 9d; Broken Hill North, £5; Broken Hill South, 51s; Placer Development, £10; Rawang, 10s 4d; Oil Search, 6s 7d; Mount Isa, 455. MELBOURNE Sales.—Adelaide Steam, 32s 9d; Australian Cement 50s; A.C.1., 64s 6d; Bradford Cotton, 55s 3d; Gordon and Gotch, 92s 6d; Myers, 50s; Electro. Zinc, 78s 9d; New Broken Hill, 55§ 6d; North Broken Hill, £5 Is 6d; Emperor, 16s 9d; Loloma, 255; Mount Morgan. 12s 6d; Oil Search, 6s 9d. . . . J

DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change Listed £ s. d. Var’n. 3 p.c. Dec., 1953-56 (£200) 101 7 6 — N.Z. Guar. Corp. (500) Huddart Parker (pref.) 0 5 4 + ld (100) 1 12 6 N.C. Felt and Textiles of N.Z. (100; 100) 2 13 6 4-3d B.H.P. (50) 2 19 0 N.C. Dunlop N.Z. (100) 1 2 3 — Id Hay’s, Ltd. (100) Whit. and Tombs (46) 3 5 0 +ld (odd) 8 8 0 4-5/6 Sales Reported 24 p.c., 1950-51 (£630) 99 15 0 3 p.c., Dec., 1953-56 (£400) 101 7 6 4 p.c., 1952-55 (£405) E., S.. and A. Bank 105 5 0 — (50) 6 16 0 N.C. Bank of N.S.W. (17) .. N.Z. Gaurantee Corpn. 39 5 0 4-5/-(500) 0 5 4 4-Id Huddart Parker (pref.) (100) (200) 1 12 6 N.C. Aust. Found. Invest (300) 0 6 4 N.C. Dunlop N.Z. (pref.) (cum div.) (200) 1 1 6 N.C. W’worths N.Z. (rights) (200) 0 10 3 — Id Martha (200) 0 5 6 —

Buyers. Sellers. £ s. d. £ s. d. Banks— Comm, of Aust. .. 1 2 7 Comm, of Sydney 24 5 0 —— E., S., and A. 6 16 0 Natl, of N.Z. 3 9 3 3 10 0 N.S.W. — 39 7 6 Union 11 15 0 11 17 6 Breweries— Ballins 1 14 6 1 15 6 Dominion 3 9 0 Dunedin 2 5 3 New Zealand 2 15 0 Swan 2 2 6 Westland Coal— 2 0 0 Renown Coal 1 5 0 Taupiri 4 4 0 Pukemiro .. Frozen Meat- — 1 13 9 Canterbury 16 0 0 16 5 0 Gear 11 0 1 12 0 N.Z. Refg. (£lpd.) 1 18 9 (10s paid) 0 19 4 Southland 3 5 0 Waitaki 8 5 0 8 15 0 Auckland (5s pd.) 0 2 5 Christchurch 1 5 8 1 6 6 10s paid 0 11 9 Timaru 0 9 6 Wellington 1 10 0 F-.A.M.E. 1 5 6 Pref. 1 6 0 National 1 6 3 South British 4 7 6 Standard Loan and Agency— 4 7 6 — C.F.C.A., ord. 1 6 0 1 8 0 C.F.C.A., pf. 2 17 6 3 3 0 Dalgety 12 5 0 12 10 0 Goldsbrough, Mort __ 1 18 3 Invincible Building 5 10 0 Mutual Benefit 19 10 0 - N.Z. and River Pl. 0 18 6 N.Z.F. Co-op. 0 12 6 0 13 0 B. aref. N.Z. Guar. Corpn. 0 5 4 5 0 0 N.Z.L. and Mer. (pref.) 130 0 0 Perm’nt. Invest. 12 0 0 United Bldg. 1 3 9 Wright, Steph. .. 2 0 0 Wright, Steph, pf. Shipping— 1 6 6 Huddart Parker, pf. 1 12 3 Union (pref.) Woollens— — 1 13 3 Felt and Tex., N.Z. 2 13 3 2 14 0 Manawatu 2 17 0 3 0 Timaru (rts.) Miscellaneous— 0 4 0 0 4 3 Alloy Steel (N.Z.) 2 11 6 2 14 0 Aust. Found. Inv. 0 6 4 Beath and Co. *.. 2 9 0 Is paid 0 19 0 Booth Macdonald 0 3 3 0 3 9 Pref. 0 13 0 British Tobacco .. — 2 11 3 Broken Hill Pty. 2 19 0 2 19 3 Burns, Philp 4 3 3 Beggs (new) 1 14 4 Canty. Roller Flour Claude Neon, N.Z. — 0 18 0 c.d. 2 5 0 Colonial Sugar 59 15 0 Dental and Medical 1 12 0 Dom. Builders 0 10 6 Donaghy’s Rope .. 2 18 6 3 1 0 D.I.C. (10s pd.) .. 1 14 6 Dunlop N.Z. __ 1 2 3 Pref. 9 Electro. Zinc, ord. 3 18 0 4 0 3 Pref. A 0 Fletcher Holdings Pref. G. J. Coles 1 12 6 1 13 0 4 0 0 Hadfield 0 12 6 0 14 0 Hay’s, Ltd. 3 4 0 Kauri Timber 1 12 10 Mark Foy Mason. Struthers 2 13 0 £1 paid — 1 10 0 14s paid 0 17 6 —— 10s paid 0 13 6 Metters (N.Z.) 1 6 0 __ Milburn Lime 1 16 0 M.K. Manuf. —— 0 13 0 Morris Hedstrom 2 15 0 Morts Dock 1 10 7 — Macduffs 0 13 2 0 13 3 Pref. 1 8 0 __ McKenzies —- 3 9 0 Natl. Electric .« 2 16 3 __ N.Z. Drug 5 6 6 5 9 0

Buyers. £ s d. Sellers £ s. d N.Z. For. Product 0 5 9 0 5 11 Pref. 0 11 4 N.Z. Paper Mm 2 2 0 . Quill. Mor. (1936; x.r. 1 18 0 Radio (1936) 0 18 0 Reid Rubber .15 3 16s 8d paid 0 19 6 JUM Selfridges 2 7 0 Silknit 17 0 1 10 0 Stand. Cement 19 0 Taring. Timber . _ _ 0 19 0 Taupo Totara — 13 6 Turnbull and J. . 2 0 0 Tingey (pref.) 1 12 0 Whit, and Tomb 8 9 0 9 0 0 Wilson's Cement . 0 16 10 W’worths (ord.) . 13 9 1 4 1 N.Z. (Ets.) 0 10 1 0 10 4 N.Z. (ord.) 15 9 16 6 W. R. Cooke an< Son 0 7 6 — UNLISTED STOCKS Ass. Mot. Pet. (pf. 1 16 0 Aust. Mot. Petro 16 9 17 3 Avon Metal 12 6 Amuri Lime 10 0 Christchurch Press 13 5 0 Coulls, Somerville — 1 12 6 Matea Forests 0 2 6 0 3 0 Midland Motor Services, pf. MU 14 0 N.Z. Fisheries, c.d Mu 0 18 6 Ross and Glend. . 2 11 0 Scales, "C” (pref. 0 5 0 0 5 6 Skellerup Inds..(pf.; 1 2 11 13 0 Waikari Lime Mu 1 12 0 Whak. Board. Mills 0 18 0 Pref. _M 13 0