COMMERCIAL

Press, Volume LXXXV, Issue 25735, 22 February 1949, Page 6

COMMERCIAL

STOCK EXCHANGES MARKETS LIFELESS Markets continued lifeless on the Christchurch Stock Exchange yesterday. Quotations for most stocks were about recent levels. There was a good demand for Government securities. DOMINION TRANSACTIONS CHRISTCHURCH Sales on ’Change £ s. d. Vam. 3 p.c., 1962-64 (£500) .. 99 17 6 Sales Reported National Bank of N.Z. (300) 2 15 0 -*6d Farmers’ Trading (400) 118 6 4-3 d AUCKLAND Sales.—ls/12/53-56, 3 per cent. (£840), £lOO 7s 6d; 15/11/57-60, 3 per cent. (£1850), £lOO 6s 3d; 15/7/62-64, 3 per cent. (£490). £99 15s; 15/7/63-65, 3 per cent .(£1000), £99 15s; National Bank of N.Z. (300), 555; Wright, Stephenson (100), 41s 9d; Colonial Sugar (15), £53 15s; Dunlop, N.Z., ord. (150), 21s 6d; Farmers’ Trading (200), 38s 6d; McKendrick, pref. (200), 29s 6d; Macky Logan (50). 425; Wilso-n’s Cement (300), 16s 9d. WELLINGTON Sales. —Late Friday: Woolworths, Ltd. (600. 2 sales), 20s; Mount. Morgan (100), 8s 6d. Yesterday: 31 per cent., 1953-57 (£5000), £lOl 12s 6d; N.Z. Guarantee Corporation (400), 5s 3d; Bonds Hosiery Mills (50). 48s 3d; Dunlop, N.Z. (150), 21s 6d, and (100) preference, 21s 6d; Farmers’ Trading (200), 38s 6d; N.Z. Paper Mills (50), 40s. DUNEDIN Sales.—Mount Morgan (100), 8s 6d. Sales Reported.—Wcolworths, N.Z. (500), 235; N.Z. Farmers’ Fertiliser (100), 295; Oil Search (300), 6s 3d. INVERCARGILL Sales Reported.—l9so 2J per cent. (£200), £99 ss; N.Z. Paper Mills (50). 40s 6d. LATEST QUOTATIONS - Buyers. Sellers. £ s. d. £ s. d.

OTHER EXCHANGES SYDNEY Light trading on the Sydney Stock Exchange yesterday found the downward trend persisting in many industrial shares. Sales.—Bank of New South Wales, £4O; Tooheys. 36s 6d; Aus. Paper, 31s IJci; Bradford Cotton, 42s 3d; Broken Hill Proprietary, 575; Burns, Philp, 77s 9d: Colonial Sugar, £6O 15s; Electro. Zinc, 75s 6d; Goldsbrough, 36s 9d; Kandos, 40s 6d; Wool worths. 22s 9d; Dalgetys, 13s 3d; David Jones, 595; Drug Houses, 425; Felt and Textiles. 555; Mount Lyell, 265; Broken Hill South, 49s 9d; North Broken Hill, 81s; Oil Search. 6s 3d; Mount Morgan. 9s 6d. MELBOURNE Sales.—British Tobacco. 51s; Drug Houses, 42s 3d: Dunlop, 41s 9d: Dunlop (pref.), 46s 9d; Hume Steel* (pref.), 28s 6d: Kauri Timber, 375; Myer, 49s 3d; Broken Hill Pty, 57s 3d: North Broken Hill, 81s; Mount Lyell. 25s 9d; Mount Morgan, 9s 6d; Loloma. 17s 9d; Oil Search. 6s 4d. SHAREMARKET INDICES London.—“ Financial Times" (1926 equals 100):

1.' nul'i National of N.Z. . 2 15 6 New South Wale 36 7 6 Union — 10 0 0 Breweries— Ballins 9 0 1 10 0 New Zealand 2 8 0 __ Tui 2 6 6 — Coal— Kaitangata — 2 7 0 Pukemiro 2 10 0 Frozen Meat— Canterbury 16 0 0 —— Gear — 10 6 N.Z. Refrig., £1 pd — 1 18 6 Gas— Christchurch — 1 4 9 10s paid — 0 11 6 Timaru, ex 0 10 0 — Wellington 1 8 9 — Insurance— New Zealand — 4 12 6 South British — 4 9 0 Standard, c.d. — 4 5 6 Loan and Agency— General Finance . 1 0 0 C.F.C.A., ord. 1 5 0 • i 9 0 Dalgety 0 11 5 Newton Ring, pf 1 6 0 Invincible Bldg. . 5 0 0 Mutual Benefit 19 5 0 N.Z.F. Co-op. 0 11 0 “A" pref. 4 13 0 4 17 0 44 p.c. Stk., ’50-6 100 15 0 — 44 p.c. Stk., ’55 . 100 15 0 N.Z. Guar. Corpn 0 5 6 Perm. Investmen 12 1 0 S.I. Finance 1 0 —— United Building 1 4 8 Wright, Stephenson 2 2 3 Pref. 1 6 0 Shipping— Northern — 0 9 6 Union, pref. — 1 10 6 Woollens— r Bonds 2 9 3 Felt and Textile of N.Z. 2 1 0 2 2 9 Pref. 5 9 Kaiapoi, 17s pd. . 1 6 3 1 6 9 Pref. ■ 7 0 Oamaru 1 17 6 Timaru 1 9 0 Wellington 9 2 6 Pref. 9 5 0 9 15 0 Miscellaneous— Alloy Steel (N.Z.) 2 15 0 Avon Metals 1 2 0 Beath and Co. 2 8 9 Is paid 0 18 6 1 2 0 Begg and Co. 1 13 0 Booth, Mac. 0 3 0 British Tobacco 2 0 2 5 6 B.H. Pty. 2 10 0 2 11 0 Bulleid 0 0 Claude Neon, N.Z 2 6 0 2 9 0 Colonia] Sugar 53 10 0 54 0 0 Consolid. Brick 0 11 9 Denhard Bakerie 0 14 0 Pref. 14 0 Dom. Builders 0 9 6 Dom. Fertiliser 1 7 9 Donaghy’s Rope . __ 3 0 0 D.I.C.. 10s paid 16 0 Dunlop, N.Z. 1 9 Pref. 6 Evans Atlas 1 7 0 Farmers’ Trading 1 18 0 1 19 0 Fletcher Holding 10 0 Frozen Products . ■£ 2 9 Pref. 1 11 6 G. J. Coles 3 9 0 Hogg and Co. 0 9 6 Hay’s, Ltd. 3 5 6 Kauri Timber 1 12 3 Mason. Struthers £1 paid 1 0 1 9 0 Ms paid — 0 18 9 10s paid 0 13 0 Matches (N.Z.) 0 15 0 Metters (N.Z.) 1 2 0 Macduffs 0 H 0 McLeod Bros. 3 0 0 National Electric . 2 12 0 N.Z. Drug 5 0 0 N.Z.F. Fertiliser . i 8 6 1 10 3 Pref. 1 6 0 N.Z. Forest Prod 0 5 9 0 6 0 Pref. 0 12 6 N.Z. Newspapers . 2 9 6 N.Z. Paper Mills . — 2 1 0 Niven and Co. i 18 0 Otago Daily Time — 2 12 -0 Quill. Morris (1936) c.d. 1 18 6 —— Rubber Distrib. . 0 17 6 Silknit 9 0 Skellerup (pref.) 1 2 3 Turnbull and Jone. — 1 17 0 Wm. Cable —— 11 3 W’worths., ord. . 1 0 0 1 0 4 (N.Z.), ord. — 1 •3 2 UNLISTED STOCKS Buyers. Sellers. 4 s d. £ s. d Andrews and Beav. 1 2 6 Amalg. Batteries 1 0 0 —— Ass. Mot. Pet. (pf.) 1 11 0 Beath, Is paid, 19 on dep. 1 17 6 Canty. Seed Co. . 1 5 15 0 ** Belverdere Maisoi 0 0 — Ch.Ch. Press 12 15 6 . John Chambers 1 10 2 — Lane, Walker. Rud kin — 2 15 6 Korma Text. (pf.) 1 i 0 —— Maling and Co., pf. 1 0 4 — Matea Forests 0 3 0 — Macduffs Hold., pf 0 10 6 0 10 11 Mt. Cook Tours . 0 8 0 0 11 0 National Tobaccc — 1 11 0 Rink Invest. — 1 2 6 Scales ”C” (pref.) 0 5 1 — Reid Rubber, pref.. 15s paid 0 16 0 0 16 3 Victoria Mansions 1 2 0 —• Whakatane Boarc 1, 0 0 —

Ind. ord. Govt. Gold. October 29 .. 119.1 112.98 101 44 November 30 .. 121.5 113.73 98.97 December 30 .. 121.2 113.66 95 91 January 31 .. 122.5 113.89 89.87 February 16 .. 119.7 113.89 91.94 February 17 . 119.8 113.89 93.05 February 18 .. 119.9 113.92 94.54 New \ork.--Dow Jones (1926 equals 100):— Shares Rails. ndus. Sold. October 30 . 61 34 188.62 350.000 November 30 . 51.91 171.20 1.200.000 December 31 . 52.86 177.30 1.550.000 January 31 . 52.57 179.12 610.000 February 16 . 49.51 173.28 700.000 February 17 . . 49.60 174.82 960,000 February 18 . 49.21 174.71 650.000 February 19 . 48.99 174.53 250,000