COMMERCIAL

Press, Volume LXXXIV, Issue 25677, 14 December 1948, Page 6

COMMERCIAL

STOCK EXCHANGES WEEK OPENS FAIRLY BRISKLY Markets opened the week on the Christchurch Stock Exchange yesterday with a fair volume of business and prices generally were w’ell maintained. New Zealand Breweries confirmed their recent easing in quotations with a sale at 51? 3d. DOMINION TRANSACTIONS CHRISTCHURCH Sales on "Change £ s. d. Var’n. Dalgety and Co. (500 ; 200; 100) .. 010 6 C. J. Coles, rights (50; 10) .. ..117 +ld Sales Reported 3 p.C., 1960-63 ( 265) .. 99 7 6 N.Z. Breweries (500) .. 211 3 —2/8 F.A.M.E. Insur., pref. (250) .. 1 6 0 —3d N.Z. Farm. Co-op. “A” pref. (45) • • 95 0 0 N.C. Dunlop N.Z. ord. (200), (Hate sale Friday) .. 1 2 0 —7d N.Z. Drug (100; 50) .. 5 5 0 4-1/-Woolworths N.Z. (250) 1 3 6 N.C. Sales Reported, Unlisted Lane, Walker, Rudkin (100; 200) •• 215 0 N.C. AUCKLAND Sales.—ls/2/49-50, 2V 2 per cent. (£1200), £99 12s 6d; 15/4/50-57, 2 1 /a per cent. (£250), £9B 12s 6d; 1/10/53, 2>/ 2 per cent. (£270), £97 10s; 15/12/53-56, 3 per cent. (£1900), £lOO 15s; 15/4/56-59, 3 per cent. (£2050), £99 7s 6d; Ak. Gas, 5s paid (850), 3s 8d; N.Z. Insurance (175), 935; South British (50), 88s; Booth, Mac. (500), 3s; Consolidated Brick (200), Us; Farmers’ Trading, A pref. (600), 28s 3d: N.Z. Drug (50), £5 ss; Northern Roller (100), 32s 6d; Sanford (325), 10s 6d: Wilsons Cement (£550), 16s 6d; Woolworths. N.Z., pref. (100), 425; Martha (224), 3s Bd. Unlisted: Innes Industries (130), 24s 6d; Lines Bros., N.Z. (100), 27s 6d. WELLINGTON Sale.— Late Friday: Union Bank of Aust. (98), £9 15s. Yesterday: 3 per cent., 6264 (£2320), two sales. £99 17s 6d: N.Z. Refrigerating (100), 39s 3d; Wellington Gas (200), 29s 3d; Bruce Woollen (100), 44s 9d; Wellington Woollen, pref. (50), £lO s2 6d; National Electric, ex div. (100), 52s 6d; Wilsons Malt Extract Co. (725), 335; Woolworths, N.Z., ex div. (100), 23s 6d; Martha Gold Mines (200), 3s 9d; Wilsons Cement (400), 16s 6d. DUNEDIN Sale.—N.Z. Refrig., paid (100), 39s 6d. Sales Reported.— N.Z. Refrig., paid (175), 39s 3d; N.Z. Breweries (500), 51s 6d; Bruce Woollen, ord. (100), 455: Dongahy’s Rope (450), 60s; N.Z. Drug (250), £5 ss; Woolworths, N.Z. (800), 23s 6d: Wilsons Malt (725), 335; . 3 per cent., 1957-60 (£300), £99 ss: 3 per- cent., 1961-63 (£950), £100; N.Z. Refrig., con. (300), 19s 3d; G. J. Coles, rts. (10), 21s 7d.

OTHER EXCHANGES SYDNEY Business on the Sydney Stock Exchange yesterday saw a continuance of last week’s weakening trend. In light trading, falls outnumbered rises. Sales.—Bank of New South Wales, £3B 7s 6d; Union Bank, £ll 2s; Tooths. 76s 6d; Associated News, 17s l>,fcd; Associated News (pref.), 21s 4Vid; Berlei. 545; Bradford Cotton, 525; Broken Hill Pty., 57s 3d; Burns Philp, South Sea, 51s 6d; Aust. Paper, 30s 6d; Colonial Sugar, £6O 7s 6d; Drug Houses, 40s 9d; Felt and Textiles, 55s 6d; Stedman, 26s 6d; W. H. Soul, £5 ss; Mount Lyell, 26s 9d: New Broken Hill, 45s 3d; South Broken Hill, 49s 3d; Mount Isa, 425; Zinc Corp., £8 15s; Oil Search. 5s 2d. MELBOURNE Sales.—Goldsbrough Mort, 35s 3d: A.C.1., 575; Cox Bros., 8s 9d; Felt and Textiles, 6d; Herald, 19s 6d: Myer, 50s; Yarra Falls. 66s 3d; Broken Hill Pty., 57s 6d; South Broken Hill, 50s; North Broken Hill, 88s; Loloma, 18s 6d; Mount Morgan, 9s 6d. MINING Associated Gold Dredges (N.Z.), Ltd.— For the week ended December 11, the Atarau dredge recovered 58 ounces from 20,347 yards in 107 dredging hours.

LATEST QUOTATIONS Buyers. Sellers. £ s. d. £ s. d. Buyer Sellers. £ s. d. £ s. d. Banks— Australasia 9 16 6 MM Comm, of Aust., pf. 9 15 0 MM E., S., and A. 5 17 6 MM Natl, of N.Z., c.d. 2 18 9 Union — 10 5 0 Breweries— Ballins, new, 15s pd. 1 13 0 New Zealand — 2 11 6 Coal— Kaitangata . — 2 9 0 Pukemiro 2 12 0 M— Renown 1 17 6 M— Frozen Meat— Cantby., pref., ex. — 8 12 6 N.Z. Refrig., £1 pd. 1 19 0 MM 10s paid 0 19 3 Nth. Cantby. (pf.) 1 2 6 — Southland —— 3 1 9 Gas— Christchurch 1 4 9 MM 10s paid MM 0 12 0 • Timaru .. 0 8 9 M— Insurance— National — 1 5 0 New Zealand —• 4 13 6 South British —- 4 9 0 Standard — 4 7 0 Loan and Agency— General Finance .. 1 0 0 —— C.F.C.A., ord. — 1 10 0 Dalgety 0 10 3 0 10 6 Invinc. Building .. 5 0 0 M— Mutual Benefit 19 2 6 — Perp. Trustees 2 2’ 6 — N.Z.F. Co-op. — 0 12 2 4J p.c. Stk., ’50-60 101 5 0 —M 4 j p.C. Stk., 55 .. 101 10 0 M— N.Z. Guar Corpn. 0 5 5 MM Perm. Investment 12 2 6 — Sth. Island Finance 1 4 0 M— ‘United Bldg. 1 4 6 — Wright, Stephenson —— 2 3 6 Pref. — 1 7 6 Shipping— Union (pref.) 1 9 0 1 11 6 Woollens— Bonds — Felt and Textiles — 2 12 6 Felt and Textiles of N.Z. 2 3 0 — Pref. 1 5 0 — Kaiapoi (17s pd.) 1 5 6 Pref. 1 6 3 — Mosgiel 15 0 0 Timaru 1 9 0 1 10 Wellington — 9 16 Miscellaneous— Andersons, 1st pf. 1 5 6 — Beath and Co. 2 5 0 Is paid — 1 0 Berlei (N.Z.) 0 8 6 —■ Booth, Macdonald (pref.) - • Broken Hill Pty. 0 12 2 11 6 0 2 12 0 Canty. Roller Flour 0 15 0 Claude Neon N.Z. —— 2 9 Canty. Saleyards 1 17 0 Denhard Bakeries — 0 14 Pref. —— 1 15 Donaghy’s Rope .. —— 3 0 6 D.I.C.. 10s paid 1 15 0 Pref. 1 7 6 1 10 0 Fletcher Holdings 1 11 0 Frozen Products .. — 1 3 0 G. J. Coles, rts. .. 1 1 7 1 1 9 Hay’s, Ltd. 3 6 0 M— Harley Chambers .. 1 8 0 Pref. — 1 5 0 Kauri Timber 1 11 0 — Mason, Struthers, £1 paid 1 7 3 1 8 6 Matches, N.Z. MM 0 15 0 Rights .. M— 0 0 6 Metters (N.Z.) MM 1 6 0 Milburn Lime MM 1 13 3 M.K. Manufacturers 0 11 0 — Morris Hedstrom .. MM 2 15 0 Macduffs 0 11 2 0 11 9. Pref. MM 1 8 0 McLeod Bros. MM 3 1 6 National Electric .. —M 2 16 0 N.Z. Drug 5 5 0 — N.Z.F. Fertiliser, pref. 1 7 0 MM N.Z. Forest Prod. 0 6 0 0 6 4 Pref. 0 13 6 0 14 0 N.Z. Newspapers .. MM 2 9 0 Otago Daily Times MM 2 14 6 Reid Rubber 1 0 0 Skellerup, pref. .. — 1 3 0 Silknit — 1 10 0 Taringamutu Timb. — 0 16 9 Taupo Totara 1 0 0 1 3 0 Turnbull and Jones 1 18 6 MM Weeks, pref. 1 5 0 —— Whit, and Tombs .. MM 1 2 6 Wilson’s Cement .. MM 0 16 7 Woolworths, ord. .. 1 0 6 MM (N.Z.), ord. 1 3 0 1 3 6 W. R. Cooke and Son 0 7 0 — UNLISTED STOCKS Andrews and Beaven, pref, cum .. Amal. Batteries .. 1 2 0 1 3 6 Pref. 1 2 6 MM Ape': Ice, ord. 1 14 0 MM Beaths, Is paid (19s on dep.) MM 1 19 6 Belvedere Maison 0 14 0 MM British Pavements, 6J p.c. pref. 1 6 6 MM Matea Forests 0 3 5 0 3 9 Christchurch Press 13 0 0 13 10 0 M'ling and Co., pf. 1 0 3 1 1 0 Korma Text., pref. MM 1 3 0 John Chambers MM 1 10 6 Lane. Walker, and Rudkin .. 2 15 0 Mackintosh, Caley, Phoenix MM 1 18 0 2s 6d paid 0 8 7 0 9 3 Mt. Cook Tours .. 0 8 0 0 12 0 National Tobacco -M. 1 11 0 N.Z. Fisheries 0 13 0 0 17 0 Reece, Ltd., E., ord. 0 1 4 Pref. 0 11 0 Regent Theatre .. 0 14 3 Rink Investments MM 1 2 6 Nelson Fisheries .. MM 2 0 0 Whakatane Board — 1 2 0 Pref. 1 3 3