COMMERCIAL

Press, Volume LXXXIV, Issue 25609, 25 September 1948, Page 9

COMMERCIAL

STOCK EXCHANGES most stocks remain FIRM A fair volume of business was recorded on the Christchurch Stock' Exchange yesterday, and prices of stocks dealt in remained firm. New Zealand Insurance eased a further 6d in a sale at B3s 6d. but Consolidated Brick recovered 6d to sell at 12s, and Woolworths. New Zealand, were steady at 23s Bd. dominion transactions

AUCKLAND Sales.—l/8/51-53, 3 per cent. (£200), £99 19s; 15/5/53-56, 3 per cent. (£730), £99 15s--15/1/53-57, 31 per cent (£250), £IQI 12s 0d; Renown Coal (100), 22s 3d; Auckland Gas, 5s paid (151), 2s 8d; N.Z. Insurance (50), ?3s 6d; South British (188), 88s; North Auckland Farmers, “B” p r ef. (100), 18s; Northern Steam (250), 7s 9d; Felt and Textiles, N.Z. (50), 45s 9d; Burns, Philp (50), 735; Claude Neon, N.Z. (100), 47s 6d; Colonial Sugar (10), £55 15s; Consolidated Brick (100), 12s; Donaghy’s (100), 80s; Dunlop, N.Z. (200), 255; Maqdqffs (400), 12s 7d; N.z. Drug (75), £5 2s; William Cable (100). 31s 9d; Woolworths, Sydney (200). 225. Unlisted: Korma, pref. (200), 24s 6d WELLINGTON Sales.—Late Thursday: 2i per cent-. 4749 (£l®®°L f^ I®® 1 ®® ss; 21 per cent., 1/10/53 (£1870), £9B; Union Bank (§Q), £lO 2s 6d; N.z. Drug, ex div. (75), £5 2s. Yesterday: 3 per cent., December, 53-56 (£300), £99 10s; 3 per cent,, 55-58 (£1000), £99 ss; 3 per cent., 62-64 (£1000), 2 sales. £99 ss; Union Bank (25) £lO 3s 6d; N.Z. Insurance (100), 92s 9dSouth British (100), 86s; Macduffs, Ltd (200). 12s 8d: Woolworths, Ltd., ex div and rights (200), 225; (280), rights, 2 sales’ 8s Id, and rights (33), Bs. DUNEDIN Sales.—N.Z. Refrigerating, con. (200), 19s. Sales Reported.—Union Bank (200), £IQ fc 6d; Dunlop. N.Z., ord. (20Q), 235; National Insurance (200), 25s 2d. and (125) 255; Standard Insurance (25), 88s, and (25), 88s 3d; Woolwortha. Ltd., rights (200), 8s Id.

OTHER EXCHANGES SYDNEY Colonial Sugar Company shares, in a series of sales on the Sydney Stock Exchange yesterday, rose 15s to their best price for three months. The general tone of the industrial share market was firm, with leaders quoted at late rates. Sales.—Bank of Adelaide, £7 15s; Commercial Bank of Sydney, £24 6s; Tcoheys. 38s; Tooths, 79s 3d; Associated News. 18s 9d; Anthony Hordern, 28s 9d; Broken Hill Proprietary, 595; Colonial Sugar, £6O 17s 6d: Hadfields. 14s; Woolworths, 23s 9d; Yarra Falls, 66s 3d; A.CX, 61s; Berlei, 535; Bradford Cotton. 54s 6d; Electro. Zinc, 78s; Howard Smith, 26s 6d; Kandos, 44s 6d: New Zealand Forest. 7s fid; W. H. Sole, 965: W R. Carpenter. 47s 6d; North Broken Hill, 935; Placer Development, £lO 4s: Oil Search. 5s 9d; Wellington. 3s lOd.

MELBOURNE Sales.—E., S. and A. Bank. £0 16s; National Bank (12s 6d paid), 20s 8d; National Bank (20s paid), 335; Bank of New South Wales, £3B ss; Carlton Brewery, 745; Herald, 74s 6d; Howard Smith, 26s 9d; Broken Hill South, 49s 6d; New Broken Hill, 48s: North Broken Hill, 93s 9d; Mount Isa, 425; Mount Lvell. 295; Mount Morgan, 9s 7d. •

CHRISTCHURCH Sales on ’Change J UZ. Insurance (50) £ s. d. Var4n. 4 13 6 Sales Reported 3 p.e., 1955-58 (£1000) 99 S 0 w a t Insurance (200) .. I 5 0 —3d Chch. Building (10) 21 5 0 — 5/Con Brick (100) 0 12 0 + 6d jjacduffs (ex div.) (200) Whit, and Tombs (150) 0 12 8 N.C. late sale Thursday 3 3 N.C. Wilsons Cement (200) .. 0 17 0 N.C. W’iworths N.Z. (200) .. 1 3 8 N.C. Sales Reported (Unlisted) Canty. Seed (200) Haling and Co. (pref.) 1 5 0 N.C. (100: 100) 1 2 0 N.C. Wakatane Board Mills (cum div.) (100) .. 1 2 0 + 1/6

LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d VZ. Govt.— Ins., 15/6/47 100 2 8 2j p.c. Ins., 15/2/49 50 99 7 6 21 p,e. W. Loan 1/10/53 3 Ins.. 1/8/51 — 98 2 8 99 12 6 — S p.c. Ins., 15/9/52 99 5 0 99 10 0 2 jxc. Ins., i5/12/53 99 5 0 3 p.c. Ins . 15/2/35 3 p.e. Ins,, 15/4/56 — 99 5 0 100 0 0 3 p.c. Ins., is/11/57 60 —M 100 10 0 3 p.c. Ins., 15/7/62 4 p.c. Ins., 15/5/49 99 7 6 52 101 7 8 BanksAustralasia 10 0 0 10 10 0 Comm, of Aust. . 3 Pref — 11 0 0 E., S.. and A. .. 6 0 0 National of N.Z. . 3 0 0 3 2 0 New South Wales 35 5 0 Union Breweries— 10 0 0 Ballins 12 6 New, 10s pd. — 1 5 6 Dominion , — 3 8 3 Melb. Co-op. 2 7 0 2 13 0 New Zealand —— 2 13 0 Westlaud 2 0 6 Coal— Kaitangata 1 16 0 Pukemirp —_ 1 16 3 Taupiri- # Frozen Meat— 5 5 0 5 12 6 Canterbury 16 5 0 Pref. 8 14 0 8 18 0 Gear 1 12 0 N.Z. Refg. (£1 pd.) 1 19 6 — 10s paid . 0 18 11 0 19 3 Southland 3 3 6 Waitaki Gas- . 8 5 0. — Christchurch . 1 5 9 10s paid —. 0 12 6 Wellington, pref. . Insurance— 1 6 6 National 1 5 0 New Zealand — 13 6 Standard Loan and Agency— — 4 8 3 C.F.C.A., ord. — 1 11 6 Pref. — 3 10 0 Chch. Bldg. 21 0 0 .— Dalgety 9 10 0 .—. Golds., Mort. 1 10 6 — Invincible Bldg. . 5 10 0 6 0 0 Mutual Benefit 19 10 0 Nat. Mortgage "A 0 “B” 19 3 —— N.Z.F. Co-op. 0 12 — "A* 1 pref. 4 15 6 _— 44 p.c. Stk., ’50/60 100 0 0 100 15 0 4J p.c. Stk., ’55 . 100 0 0 101 0 0 N.Z. Guar. Corpn c.d. .. 0 □ 4 N.Z.L. & Mer. (orc ) 107 0 0 _— Perm. Invest. 12 2 6 South Island Fin.- 1 4 6 United Build., x.d. 1 3 9 _ Wright, Stephenson 2 1 0 ■hipping— Union (pref.) i 10 9 1 11 3 Northern Wcollens— 0 7 6 0 8 6 Bruce 2 7 0 Felt and Textiles of N.Z. 2 5 0 2 6 0 Kaiapoi, 17s pd. . 1 0 Pref. ■ 5 6 i 6 6 Manawatu 2 10 0 2 17 0 Timaru 9 0 Wellington 9 15 0 _. Pref. 10 0 0 Miscellaneous— Acetone (pref.) . 1 3 6 i Andersons, 1st pref. 1 6 3 Beath and Co., x.d. 2 9 0 2 9 6 is paid 1 1 0 Pref., c.d. ’ 6 6 Begg ahd Co. 1 14 3 Booth, Macdonald _ Pref 0 12 -6 0 3 9 Brit. Tobacco 2 7 6 Broken Hill Pty 2 14 6 2 15 0 Bulleld 0 3 Canty. Roller Flour — 0 18 0 Claude Neon N.Z. 2 7 0 2 8 0 Colonial Sugar 55 17 6 Consolidated Brick 0 11 9 0 12 3 Dental and Medical 1 11 0 —* Bom. Builders 0 10 6 Dom. Fertiliser 1 5 6 (10s pd.) 15 3 — Dunlop, N.Z. 1 3 0 10 1 3 2 2 Electro. Zinc, or 3 10 0 Pref. 3 10 6 —— Evans Atlas 7 0 Fletcher Hold. 11 7 Frozen Products 1 I 6 G. J. Coles Greater Crystal 3 16 0 0 0 9 Hadfields 0 9 6 0 14 6 Hallenstein Bros. 12 3 Hay’s, Ltd. 3 5 6 Henry Jones Hume Pipe (Aust. 3 0 0 — x.d. Kauri Timber Mason. Struther 1 1 9 0 6 — £1 paid 1 10 0 14s paid 2 6 10s paid 0 14 0 Matches <N.Z.) 0 10 0 0 14 0 Mo^t Urri x.< 13 0 1 14 0 Macduffs, x.d. 0 12 8 McKenzies 3 7 0 McLeod Bros. 3 0 National Electric 2 12 6 2 16 0 N.Z. Drug 5 0 0 5 3 6 N.Z.F. Fertiliser 10 9 -Pref i 7 0 N.Z. Foiest Pro 0 6 2 0 6 7 xr£ ref ’ 0 13 0 0 14 0 N.Z. News., x.d. 2 10 0 Niven and Co. 2 2 6 Otago Daily Time 2 14 6 MUill Morris (1936) 1 18 0 Madio (1936) Heid Rubber (£ „ paid) Silknit 0 17 9 — 4 10 3 0 Taringamutu Timb 0 17 Taupo Totara 0 9 3 0 Weeks 9 J?P 8on ’s Cement . 0 16 11 __ W worths, ord Hights .. 0 8 9 0 1 2 0 _(N.Z.), ord. 1 3. 6 1 3 8 ’*• R. Carpenter 2 4 0 w- R Cooke anc _ Son. c.d Overseas Listings— W worths (S.A.) . 0 7 6 — 1 12 0 2 0 0 Aust. MiningBroken Hill Soutr Mount Lyell 2 0 0 rj 3 Dev - ' — 10 0 0 Arahura 10 0 Austral (N.Z.) 0 0 0 6 0 Grey River Ngahere 0 2 10 0 9 0 UNLISTED STOCKS Apex Ice. ord. .Pref. Amur! Lime 1 1 9 9 0 0 0 0 Beaths ds pd.. 19 on dep.) Andrews and Bea — 2 0 0 ven, pref. Canty. Seed 1 3 0 6 1 ~5 6 Matea Forests Maling and Co 0 3 3 0 3 9 l?ref. 1 1 9 1 3 0

Buyers. £ s. d. Sellers. £ s. d. Midland Motors, pf. — 1 2 6 N.25. Fisheries — 0 17 6 Reece, Ltd.. E., ord. 1 3 0 Pref. 0 11 0 — Regent Theatre 0 15 0 Rink Invests. 1 5 0 Scales “C,” pref. —— 0 5 Skellerup Ins., pf. 1 3 3 Taramakau, 5s pd. — 0 7 tu Waikari Lime —. 1 12 0 Whakatane Board Mills, c.d. 1 1 6 1 2 3 Pref — 1 3 6