COMMERCIAL

Press, Volume LXXXIV, Issue 25581, 24 August 1948, Page 6

COMMERCIAL

STOCK EXCHANGES BUSINESS ALMOST AT A STANDSTILL Business was virtually at a standstill on the Christchurch Stock Exchange yesterday. The only stock that changed hands involved a late reported sale on Friday of a parcel of Bank of Australasia shares at £lo—on Thursday buyers offered £ll lCs, with sellers Us away. Buyers for Australian securities raised their bids on Friday’s quotations, but sellers were cautious and in most cases held out for prices around Thursday’s level. DOMINION TRANSACTIONS CHRISTCHURCH Sales Reported , £ s. d. Var’n. Bank of Australasia (100), late sale Friday 10 0 0 AUCKLAND Sales.—ls/4/50-51, 21 Per cent .(£500). £100; 15/7/62-64, 3 per cent. (£500). £99 7s 6d; South British Insurance (200), 88s 10jd; Taupiri Coal (156), 935; Auckland Gas, con. (1000), 2s 8d; F.A.C., £1 paid (200), 25s 6d; Traders’ Finance (500), 9s 3d; Devonport Ferry (100), 265; Consolidated Brick (200), 12s; Wilson’s Cement (100), Us; Martha (200), 4s 3d. Unlisted. Korma, pref. (100), 25s 3d, (100), 25s 9d, and (100), 25s 6d. WELLINGTON Sales.—Late Friday: Consolidated Brick (500), 12s 9d. Sales yesterday: 3 per cent. 1960-63 (£1375), 2 sales, £lOO ss; 3 per cent., 1962-64 (£1000), £99 7s 6d; South British Insurance (100), 89s 6d, and (100) 2 sales, 88s 6d; J. J. Niven and Co. (50), 40s 3d; Woolworths, Ltd., rights (300), 6s. DUNEDIN Sales Reported.—Auckland Gas (100), late sale, 2s fid; 3 per cent., Dec., 195356 (£1000), £lOO ss. Unlisted: National Tobacco (100), 31s 6d. LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d.

; 1 OTHER EXCHANGES SYDNEY Quiet trading on a generally steady basis was recorded.on the Sydney Stock Exchange yesterday. Trustee buying accounted for some activity in industrial leaders. Sales.—National Bank, 12s 6d paid, 20s 3d; National Bank, 20s paid, 32s 3d; Com- ; mercial Banking of Sydney, £24 ss; Bank ' of New South Wales, £39; Tooths, 76s 9d; Associated News., 18s, and pref., 22s 4Jd; Anthony Hordern, 18s 6d; A.C.1., 65s 3d; British Tobacco, 50s 3d; Broken Hill Pty., 59s 6d; Colonia] Sugar £59 10s; Dunlop, 45s 9d; Electro. Zinc, 77s 6d; Hadfields, 13s 6d; Kandos, 44s 6d: Woolworths, 235; Goldsbrough, 34S 9d; Mount Lyell, 30s; Mount Isa, 4is 6d; New Broken Hill, 50s 3d; Mount Morgan. 8s 7d; Oi] Search. 6s 2d MELBOURNE Sales.—Commercial Bank of Australia, 22s lid: Australasian Paper, 38s 2d; Drug Houses. 41s 9d; G. J. Coles, 86s 6d; Herald, 71s 6d; Hume Pipe, 265; Broken Hill Proprietary, 59s 9d; New Broken Hill, 50s 6d; South Broken Hill, 50s 9d; Mount Isa, 41s 7d; Mount Morgan. 8s 9d; Mount Morgan (pref.). 22s 3d; Loloma, 23s 9d. COMPANY REGISTRATIONS Registration of the following companies appears in the current issue of the “Mercantile Gazette”:— Claverley Lime, Ltd.—Private company, July 29, 146 Oxford terrace. Capital: £lOO, in £1 shares. Subscribers: Christchurch— C. A. Wornall 99. G. R. Towart 1. Objects: manufacturers and etc., lime, cement. and incidental. Firestone Tyre and Rubber Company of New Zealand. Ltd.—Registered office transferred from Wellington to 84 Langdons road. Christchurch. Westend Store (Timaru). Ltd.—Private comnanv August 8. 175 Otipua road, Timaru Canital: £6OOO. in £1 shares. Subscribers: Timaru—J. R. Williams 3000. E. M. Williams 3000. Objects: grocers, storekeepers. and incidental. Capital Increased Commercial Cleaners. Ltd.—Capital increased to £lO,OOO by creation 9000 ordinary shares £l. August 4. Hazel woods (Christchurch). Ltd.—Christchurch capital increased to £lO,OOO by creation 4000 ordinary shares £l. August

Banks— Australasia .. 9 15 0 Comm, of Aust. .. 0 19 — E., S., and A. ..6 2 6 — National of N.Z. .. 2 17 0 — Union • • 9 7 0 — Breweries— Ballins .. — 1-14 New, 5s paid .. 0 18 0 0 18 4 Melbourne Co-op. 2 5 0 New Zealand .. 2 14 3 2 14 6 Frozen Meat— Canterbury .. 15 15 0 —“ Pref. .. 8 10 0 — Gear • • 1 10 0 — N.Z. Refrig., £lpd. 1 19 6 2 0 0 10s paid .. 0 17 9 —• 1 GasAuckland .. — 0 8 0 ! 5s paid .. 0 2 Christchurch .. —- 6 1 ~6 0 Timaru .. 0 7 0 0 9 0 Wellington, pref. .. 16 6 — isurance— National •. — 1 6 0 New Zealand .. — 4 18 6 van and Agency— _ C.F.C.A., ord. .. 16 0* Pref. .. •• 3 0 0 —— Dalgety ..96 0 — Invinc. Build. .. 5 7 6 Mutual Benefit .. 19 10 0 —— Nat. Mortgage "A* 3 17 3 — "B” •• 1 17 0 ■■i N.Z.F. Co-op. .. 0 13 3 0 13 11 First pref. .. 7 2 6 — “A” pref. 5 0 0 — 4J p.c. Stk. '50-60 — 101 0 0 41 p.c. Stk. 1/4/4959' .. • • — 102 5 0 N.Z. Guar. Corpn. 0 5 6 0 5 8 N.Z.L. & Mer., ord. 107 0 0 — Perm. Invest. .. 12 0 0 — United Building .. 14 0 — Shipping— _ Union, pref. .. 1 12 6 1 13 3 Northern • - — 0 8 Woollens— Felts, N.Z., pref. .. 16 Felt and Textiles 0 — of N.Z. .. 2 7 6 2 10 3 Manawatu .. — 2 17 6 Mosgiel • • _ ~ 15 7 6 Wellington, c.d. .. 9 15 0 — Pref., c.d. . • 10 5 0 — Miscellaneous— Alloy Steel (N.Z.) 2 11 6 — Andersons, 1st pref. 1 6 0 — Acetone, pref. 13 ■ Aust., C.I. .. 2 13 6 Beath and Co. .. — 2 12 6 Begg and Co. 1 14 0 Broth, Macdonald — 0 0 3 9 Broken Hiil Pty. 2 9 0 Claude Neon, N.Z. — 2 8 9 Colonial Sugar 49 0 0 55 0 0 Consolidated Brick 0 11 9 0 12 7 Dom. Builders .. 0 9 9 0 11 9 Donaghy's Rope .. 3 1 D.I.C. (10s pd.) .. 1 13 6 6 3 2 6 Pref. .. 1 10 0 — Dunlop N.Z. .. — 1 3 5 Pref. 11 10 1 2 3 Electro. Zinc (ord.) 3 5 0 — Pref .. •• 35 0 —— Evans Atlas .. 16 0 — Fletcher Holdings — 1 11 6 Frozen Products .. 10 3 1 1 6 Greater Crystal .. — 1 5 0 Hallenstein Bros. .. 1 10 0 1 15 0 Kauri Timber .. 19 0 —- Mason, Struthers, £lpaid .. 1 12 6 Matches (N.Z.) .. 0 10 0 0 15 0 Metters (N.Z.) .. 15 0 — M.K. Manufacturers — 0 12 Morris Hedstrom .. — 2 17 0 Macduffs .. — 0 12 10 McKenzies .. 3 6 6 — National Electric .. — 2 19 0 N.Z.F. Fertiliser .. 1 10 0 1 11 0 Pref. 16 6 — N.Z. Forest Prods. 0 5 0 0 6 1 Pref. — 0 13 6 Niven and Co. .. 2 0 3 — Reid Rubber, 16s 8d paid .. — Silknit .. — 1 1 1 10 ? Standard Cement — 1 9 0 Taringamutu Timb. — 0 17 6 Taupo Totara .. — 1 5 6 Turnbull and J .. 1 17 6 — Whit. and Tombs 1 1 6 1 2 7 Wm. Cable .. — 1 13 W’wths. (ord.), c.d. 1 0 0 1 3 o Rights .. 0 5 6 0 6 6 (N.Z.). ord. .. 15 0 1 5 6 W. R. Cooke & Son 0 7 6 — Unlisted Stocks Buyers. Sellers. £ s. d £ s. 1. Amalg. Batteries .. 10 0 Aust. Mot. Petrol .. — 1 12 0 Avon Metal, pref. .. — 1 3 0 Amuri Lime .. — 1 0 0 Beaths (1/- pd., 19s on dep.) .. — 1 2 0 Andrews and Beav- / en, pref. .. 13 1 0 1 4 0 Con. Brick, pref. .. 0 19 0 — Chch. Press 13 0 Q Midland Motors pf. — 1 3 0 Matea Forests .. 0 3 0 Mackintosh, Caley, Phoenix .. — 1 19 0 2s 6d paid .. — 0 9 0 Mount Cook Tours 0 10 0 0 13 0 Scales “C” pref .. 0 4 6 __ Taramakau (5s pd.) — 0 8 0 Whaka. Beard Mills .. 10 0 Pref. .. — 1 3 o — —— ■