COMMERCIAL

Press, Volume LXXXIV, Issue 25637, 28 October 1948, Page 6

COMMERCIAL

STOCK EXCHANGES

SOME STOCKS IMPROVE The Christchurch Stock Exchange was quiet yesterday, and prices of several stocks dealt in showed improvement. New Zealand Breweries registered a recovery of 6d in business at 51s 9d, and more were wanted at that figure. Coal shares continued to be in strong demand, ana there was no lessening of interest in Government stocks. DOMINION TRANSACTIONS CHRISTCHURCH

AUCKLAND Sales.—ls/4/50-51, 2J per cent. (£2OO , £9B 12s 6d; 1/10/53, 2 J per cent. (£1050), £97 10s; 15/1/62-64, 3 per cent. (£5000). £100; 15/5/49-52, 4 per cent. (£310), £lOl 12s 6d; Mount Albert Borough Council, 1/7/66, 44 per cent. (£400), £ll2 ss; Dominion Breweries (100), 68s 6d; Breweries (50), 51s 6d, and (50), 51s 9d; Kaitangata (100), 425; Pukemiro (50). 465; RenoWn (100), 31s; National Insurance (200), 25s 3d; N.Z. Insurance (430), 94s 6d; British (400), 87s; Newton King, pref. (200), 245; Felt and Textiles of N.Z. (1350), 445; Broken Hill Pty. (250), 54s 3d; Dunlop, N.Z. (100), 235; Farmers’ Trading, “A” pref. (425), 28s 3d; and “B” pref. (140), 28s; McKenzies (100), 68s; M.K. Manufacturers (400), Ils; Forest Products (500). 6s 2d, and pref. (300), 14s; Woolworths, N.Z. (400). 24s 3d; Woolworths, Sydney (100), 21s 9d, and rights (12), 8s; Waihi Investments (200), 3s 7Jd; Broken Hill South (200). 465. Unlisted: G. W. Wilton, 6 per cent. pref. (100), 30s; Korma, pref. (100), 22s 9d, and (100). 22s lOd; Whakatane Board, ord. (100), 225.

WELLINGTON Sales.—3 per cent., 1946-60 (£245), £l.OO ss; Felt and Textiles of N.Z. (100), 445; 2J per cent., 1949-50 (£200), £99 12s 6d; 3 per cent., 1960-63 (£255). £99 ss; 3 per cent., 1961-63 (£1500), £100; 3 per cent., 1962-64 (£3000), £100; Pukemiro Coal (50), 46s 3d; N.Z. Insurance (330), 94s 6d; Bruce Woollen, cum div. (100), 465; Wellington Woollen, ord., odd lot (20), £9 17s 6d; Acetone Welding, pref. (100), 24s 3d; Farmers’ Trading, “A” pref., cum div. (425), 28s 3d, and “B” pref., cum div. (140), 28s; M.K. Manufacturers (500), Us; Woolworths, Ltd., rights (30), 7s lid; Woolworths Holdings, South Africa, ex dix. (500). 31s. Unlisted: Matea Forests (300), 3s sd. * DUNEDIN Sales.—Kaitangata (200 ) 425, (200 ) 42s 3d. (100) 42s 4d, and (50) 42s 3d; Felt and Textiles (50), 44s 6d. Sales Reported.—3 per cent., 1955-58 (£800), £99 17s 6d; National Insurance (184), 24s 6d, and (500), 24s 9d; Kaitangata (100), late sale, 425; Broken Hill (50), 545; Dunlop, N.Z., ord. (100), 235. and pref. (200), 22s 2d; G. J. Coles (50), 76s 6d; Wilson’s Cement (500), 16s lid; McKenzies (100), 68s Id; N.Z. Paper Mills (200), 435. INVERCARGILL Sale —Royds Bros, and Kirk (200), 24s 6d. LATEST QUOTATIONS Buyers. Sellers.

OTHER EXCHANGES

SYDNEY Trading on the Sydney Stock Exchange yesterday fell away sharply and was confined almost wholly to the industrial share section. The tone was generally steady. Sales: National Bank. 12s 6d paid. 21s 6dBank of N.S.W., £39 10s; Tooths. 79s 9d; Associated News, 18s 74d and pref., 22s 3d: Anthony Hordern. 28s: Aus. Paper. 36s 6d; A.C.1., 57s 6d: Bradford Cotton, 555: Broken Hill Prop.. 59s 3d: Burns, Philp. 77s 6d; Colonial Sugar. £6l; David Jones 61s 6d: General Industries. 31s 9d; Goldsb rough, 34s '9d: Wilcox. Mofflin. 18s 9d: D« ou ~!i L y e ”’ 27s 10id; Br oken Hill South. 52s 3d; Zinc Corporation, £8 9s; Oil Search 5s Bd.

FIJI TO REDUCE ROYALTY *ON GOLD SUVA, October 25. To encourage low-grade ore mining, the reduction of royalty on gold from 5 per cent, to a minimum of 14 per cent, on a sliding scale will be presented in a bill to the Fijian Legislative Council next month. A copra tax bill provides for an export tax of £3 a ton on all copra exported. After the first year the tax will be fixed by the »Governor-in-Council.

Sales on 'Change £ s. d. Var’n Felt and Textiles, N.Z. (100) 2 4 6 4- 3d Woolworths, N.Z. (100) 1 4 3 4- Id Sales Reported N.Z. Breweries (50) 2 11 9 4" 6d Kaitangata Coal (150; 50) 2 2 0 4r 3d N.Z.F. Co-op., 4J p.c. Stock, 1955 (£150) 100 10 0 — Felt and Textiles, N.Z. (100) 2 4 6 4-3d Bartholomew Timb. (100) 1 13 0 — McLeod Bros. (150) 3 1 0 Wilson’s Cement (500) .. 0 16 11 N.C. N.Z. Insurance (100) 4 14 6 4-2/3 Gear Meat (100) 1 12 6 N.C. Sales Reported, Unlisted Black and White Cabs (400) 0 4 0 —

£ s. d. £ s. d. Banks— Australasia 10 10 0 E., S., and A., x.d 5 15 0 — National of N.Z. .. 2 18 3 2 19 0 Breweries— Ballins 1 11 0 New. 10s paid .. 1 5 0 Dominion .. — 3 16 0 New Zealand 2 11 9 2 12 3 Westland — 2 0 0 Coal— Kaitangata 2 1 9 — Pukemiro .. 2 5 0 —■ Renown .. 1 11 0 —» Frozen Meat— Canterbury —— 16 10 0 Pref. 8 15 0 — Gear 1 12 6 — N.Z. Refrig., £1 pd. 1 19 9 10s paid — 0 19 0 Waitaki • 8 5 0 — Gas— Ch.ch., 10s paid .. 0 11 0 —— Insurance— National 1 4 6 New Zealand 4 14 3 South British 4 0 6 Loan and Agency— C.F.C.A.. ord. 1 10 0 Chch. Building 21 5 0 — Dalgety — 10 5 0 Invincible Bldg. .. 5 10 0 —— Mutual Benefit, t.d. 19 10 0 — Nat. Mortgage “A” 4 3 6 N.Z.F. C6-op. 0 12 0 —— 4* p.c. Stk., '50-60 10Q 5 100 7 0 4i p.c. Stk., '55 .. 6 • N.Z. Guar. Corpn. 0 5 2 N.Z.L. and Merc., ord. 106 0 0 United Building 1 4 3 Wright. Stephenson >2 2 0 Pref. 1 6 6 — Sh s oping— Union, pref. .. 2 9 0 Northern — 0 8 3 Woollens— Bruce, c.d. 2 5 0 Felt and Textiles of N.Z. 2 4 3 2 5 0 Pref. 1 5 9 Kaiapoi, 17s pd. .. — 1 7 6 Prof. 1 5 9 __ Manawatu 2 17 0 Wellington, pf. 9 17 6 Miscellaneous— Acetone, pref. 1 3 9 1 5 0 Alley Steel (N.Z.) 2 10 0 2 15 6 j. Andersons, 1st pf. 1 6 0 Aust. Mot. Petrol .. 1 6 0 Aust. C.I., c.d., x.r. 2 14 0 Beath and Co. 2 8 0 2 9 3 Is paid __ 1 0 0 Begg and Co. 1 13 0 1 13 9 Booth. Mac. 0 3 7 Bulleid __ 1 0 0 B.H. Pty., c.d. 2 13 9 2 14 9 Claude Neon. N.Z. 2 7 9 Donaghy’s R.. c.d. 2 19 0 D.I.C.. 10s paid .. 1 16 6 Pref. 1 11 9 Fletcher Hold. 1 10 6 Hadfields, c.d. 0 10 6 Hallenstein Bros. .. 1 12 0 Hay’s, Ltd. Harley Chambers, 3 3 6 pref. —— 1 5 3 Mason, Struthers, 14s paid — 1 0 0 10s paid 0 13 0 0 14 0 Matches (N.Z.) 0 12 6 M.K. Manufacturers 0 11 3 Morts Dock, rts. .. 0 0 1 Macduffs 0 12 6 McLeod, Bros. 3 1 0 N.Z. Drug 5 4 0 N.Z.F. Fertiliser, pf. 1 7 0 N.Z. For. ~ Products - 0 6 3 Pref. 0 13 0 0 14 A N.Z. Newspapers .. — 2 9 0 N.Z. Paper Mills .. 2 2 0 — - Niven and Co., x.r. 1 19 3 Rights —— 0 8 6 Reid Rubber 1 1 9 New, £1 paid 1 1 0 — Taringamutu Timb. — 0 17 3 Taupo Totara 1 3 0 Tihgey, pref. 1 12 0 Weeks 2 4 0 —— Whit, and Tombs .. 1 3 0 Wilson’s - Cement .. 0 10 9 0 17 0 Woclworths, ord. .. 1 1 8 1 1 10 Rights — 0 8 3 (N.Z.), ord. 1 4 3 1 4 4 UNLISTED STOCKS Buyers. Sellers. * £ s. d. £ s. d. Andrews and Beaven. pref. 1 3 0 Beaths (Is pd., 19s on dep.) ' 1 19 6 ' Midland Motors, pf. 1 2 6 Matea Forests 0 3 5 0 3 0 Mackintosh. Caley, Phoenix (2/6 pd.) 0 9 0 Maling and Co., pf. 1 1 3 1 1 6 Mt. Cook Tours 0 9 0 (T 12 6 Rink Investments — 1 5 0 Scales “C” pref. .. 0 4 6 — Whakatane Board Mills 1 1 3 1 2 9 Pref. 1 2 0 —